Sunday, June 15, 2025
FRANK26: "SECURITY & STABILITY... MISSION ACCOMPLISHED!!!"
KTFA
FRANK26: "SECURITY & STABILITY... MISSION ACCOMPLISHED!!!"........F26
Iraq to become "a Massive Success Story"
10th June 2025
Iraq is experiencing unprecedented stability and security, creating significant opportunities for international businesses, according to Abir Burhan, Company Director of Al-Burhan Group (ABG), speaking at the Iraq Britain Business Council (IBBC) Spring Conference in London.
Burhan outlined how the operating environment has transformed dramatically over the past year, with the Iraqi government actively inviting international investment and reducing hostility towards foreign businesses. "We've been through the worst of it, and we finally see that Iraq is becoming really stable and secure," he told delegates.
ABG has positioned itself as a facilitator for international companies entering the Iraqi market, partnering with established firms including Menzies Aviation and Air BP to operate ground fuelling services at Iraqi airports. The company has achieved international operational standards with no reported incidents, demonstrating the viability of high-quality service delivery in the country.
"We allow companies to operate in a safe environment, to actually do their job, rather than worrying about the hurdles of dealing with the Iraqi infrastructure," Burhan explained.
The group has made substantial investments in Iraq's infrastructure over the past two years, including:
- A 300-room hotel development near Baghdad airport
- Construction of 1,200 affordable housing units in Wasit province
- Establishment of an operations centre to support international business activities
Burhan noted that ABG's security division has experienced reduced demand over the past year, which he views as a positive indicator of improving conditions. "We don't mind our security company not being busy, because we know that there are big advantages for businesses as well," he said.
The Operations Director expressed optimism about Iraq's economic prospects, predicting the country will become "a massive success story" within the next five to ten years. He emphasised the current government's commitment to attracting international investment and the noticeable improvement in security conditions.
Burhan acknowledged the pivotal role of the Iraq Britain Business Council in facilitating international business opportunities in Iraq over the past decade, describing their work as instrumental in bringing projects to fruition despite various challenges.
The comments reflect growing confidence in Iraq's business environment as the country continues to rebuild and modernise its economy following years of instability.
DINAR EXCHANGE 🔥 Israel-Hamas Conflict – No Direct Impact on IQD RV
DINAR EXCHANGE
Israel-Hamas Conflict – No Direct Impact on IQD RV
•The ongoing Israel-Hamas war isn’t influencing Iraq’s currency policies.
Iraq’s Central Bank (CBI) continues to manage the Iraqi Dinar (IQD) independently.
There are no official signals linking the conflict to any imminent IQD revaluation. #iqd
FRANK26: "THIS GETS TO 1 TO 1, TO FLOAT FOR THE REER".
KTFA
FRANK26: "THIS GETS TO 1 TO 1, TO FLOAT FOR THE REER".....F26
Al-Nusairi: The Central Bank's policies and procedures have contributed to narrowing the gap between the parallel and official exchange rates.
6/11/2025
- Baghdad
Economic and banking advisor Samir Al-Nusairi expects the US dollar exchange rate to gradually decline to approach the official exchange rate, in line with the Central Bank's strategy and ongoing measures for comprehensive banking reform, regulating foreign trade financing, and transitioning from an electronic platform to direct transactions between our banks and correspondent banks.
Al-Nusairi stressed in a televised interview followed by "Al-Eqtisad News" that "the exchange rate announced as the parallel rate does not reflect the price reality, because Iraq does not have the status of a parallel market, which is only achieved when it has sources of dollars and currencies other than the central bank, such as private sector exports, remittances from residents abroad, tourism, etc." Rather, it is a black market for speculators who have lost their ability to manipulate and speculate illegally for 3 months. Also, restricting the sale and distribution of cash dollars with a strict mechanism was praised by the International Monetary Fund and the US Treasury as a successful and advanced method and application to control the stability of the US dollar exchange rate and keep cash dollar sales at a minimum level. Therefore, the circulation of it does not make it available for speculation in the parallel market.
He stated that "we should look at the rate at which the Central Bank covers all external operations, including imports and personal transfers. This explains the price stability, given the current inflation rate, which is less than 2.5%, which is lower than the inflation rates in neighboring countries. This means that the Central Bank has achieved two basic objectives of monetary policy: controlling exchange rates and reducing inflation. This confirms that the wise monetary policy adopted by the Central Bank has contributed significantly to the stability of the exchange rate and the decline of the parallel market to the lowest possible level."
Al-Nusairi concluded that the Central Bank's insistence and cooperation with the government during the second half of the current year will lead to a gradual decline in the US dollar exchange rate, moving from the forties to the official exchange rate.
TIDBIT FROM BRUCE
Bruce
[via WiserNow]
We're standing by and letting Israel do what they're doing with Iran... We are not in it as of now, we're not involved...
lets believe...that we are going to move forward with the timeline that we have...that we will get notified, quite possibly Monday and begin exchanges on Tuesday...
I think we're on track for everything... So let's just see see how the weekend goes...
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