The Central Bank of Iraq revealed on Saturday the size of Iraq's external and domestic debts for 2024.
The bank stated in an official statistic, a copy of which was received by the (Video News) Agency, that the volume of debt owed by Iraq in 2024 amounted to 54 billion and 601 million dollars,
a decrease of 2.94% compared to 2023, in which the debt amounted to 56 billion and 207 million dollars.
It added that the internal public debt amounted to 85 trillion and 586 billion dinars at the end of June, an increase compared to 2024, in which the internal debt amounted to 83 trillion and 80 billion dollars. link
Member: Is this attack on Iraq the start of the RV or a distraction?
MZ: Maybe its both . We may be heading to a culmination here. With this unrest gas and oil prices are about to go up…they may spike in the next day or two…which will mean a spike at the gas pumps
MZ: oil prices are in the low 70’s right now….a oil price spike would put Iraq well above the number they needed to revalue their currency.
Member: Kim Clement prophesied Iraq would RV after Israel attacked Iran.
The United Nations Security Council is set to convene Tuesday evening to review a report on Iraq’s current political and humanitarian situation, with a particular focus on the increasingly strained relationship between the Kurdistan Regional Government (KRG) in Erbil and the federal government in Baghdad.
The meeting will include a detailed briefing by Mohamed Al Hassan, the Special Representative of the UN Secretary-General for Iraq and head of the UN Assistance Mission for Iraq (UNAMI).
According to diplomatic sources, part of the discussion is expected to center on the controversial decision by some UN member states to support the withdrawal of the Kurdistan Workers’ Party (PKK) from Iraqi territory as a mean to de-escalate ongoing tensions with Turkey.
Hassan’s report will also shed light on key developments in Iraq’s political and security landscape, as well as challenges in humanitarian affairs. Notably, the report is anticipated to highlight worsening tensions between Erbil and Baghdad following Iraq’s decision to halt salary disbursements to civil servants in the Kurdistan Region.
The move by Iraqi Finance Minister Taif Sami to suspend payments has drawn criticism from KRG officials, who emphasize they have fully complied with the terms of the federal budget law. Erbil accuses Baghdad of using financial pressure to punish the Kurdish population, deepening the rift between the two governments.
KRG representatives have reiterated their commitment to constitutional and budgetary obligations, stating that despite their compliance, the federal government continues to withhold salaries under various pretexts, creating a humanitarian crisis and eroding trust.
Tensions between the Kurdistan Region and the federal government of Iraq have escalated over the past year, largely driven by disputes over oil revenue sharing, budget allocations, and governance. The salary crisis has become a flashpoint in this broader conflict, with the KRG repeatedly calling for Baghdad to fulfill its legal and constitutional duties. The role of international actors, including the United Nations, is seen as critical in mediating and potentially resolving these ongoing disputes.
FRANK26: "THIS CAN ONLY HAPPEN WITH SECURITY & STABILITY!!!".........F26
Securities: We are working to enhance the attractiveness of the Iraqi market through governance and expanding the corporate base.
6/10/2025
Baghdad - WAA - Hassan Al-Fawaz
The Securities Commission announced on Monday that it is working to enhance the attractiveness of the Iraqi market through governance and expanding the corporate base. It also indicated a move to list new companies to encourage profitable investments.
"The commission has begun taking practical steps to develop the Iraqi Stock Exchange from within by enhancing investment attraction factors," board member Wadah Al-Taha told the Iraqi News Agency (INA), noting that "issuing the corporate governance guide for companies represents a fundamental step in this path.
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He added, "In the next phase, the Authority seeks to list new companies through initial public offerings, which will help encourage local investors to invest in profitable companies that distribute periodic dividends, which will boost investor confidence and drive market revitalization."
He added, "Achieving these steps will send a strong message to foreign investors that the market is undergoing change and is transitioning towards a more transparent, sustainable, and effective risk-management environment." He noted that "current data indicates a significant improvement in indicators, which will enhance investment attractiveness and increase opportunities for attracting foreign investment."
Al-Taha emphasized that "the Iraqi market has become part of an international platform that includes nine other global markets. This means that the market is now under the scrutiny and monitoring of global markets, which requires preparation to face challenges and accelerate development steps." He pointed out that "the Commission's work is not limited to one file, but rather is carried out in parallel across several files, including developing a governance guide, intensifying training programs, and increasing the number of good, profitable, high-quality companies listed on the market, in order to achieve diversity that reduces risks and increases potential returns."
He continued, "The number of listed companies currently stands at 103, but the focus is on only 20 to 25 companies," explaining that "the Authority is working to diversify the market to provide investors with broader and more stable options."