An economic expert told Al-Jarida Platform: The exchange rate is hostage to the political mood and regional shifts.

 An economic expert told Al-Jarida Platform: The exchange rate is hostage to the political mood and regional shifts.

Economist Ahmed Hadhal spoke about the sensitivity of the dollar issue in Iraq and its direct impact on geopolitical and geoeconomic changes, emphasizing that the issue has become extremely complex internally and externally.

In an interview with Jarida Platform, Hathal stated that “since the end of 2022, and with the launch of the platform, the Central Bank has exhausted all monetary policy tools to address the gap between the parallel rate and the official rate. However, the problem is complex and does not only relate to the bank but also to the domestic market.” He explained that “60% of traders are still outside the platform, in addition to the lack of borders, which further complicates the crisis.”

He added that "the decline in the dollar's value coincided with the failure to approve the general budget and the instability of some foreign negotiations. The exchange rate is linked to economic, political, and media factors, and is a highly sensitive indicator of any crisis, statement, or event." He noted that "exchange rate fluctuations directly impact the purchasing power of citizens, merchants, companies, industrialists, importers, and even foreign investors."

Hedhal explained that "the loss of trust between society and the government is one of the most significant factors driving demand for the dollar as a more stable and valuable currency, especially given the lack of real production within Iraq.

 Oil production constitutes more than 70% of the GDP, and the general budget constitutes 190% of this GDP. These indicators raise concerns among citizens and investors about the possibility of a decline in the value of the dinar."

He concluded by saying, "The exchange rate issue is linked to the psychological factors of citizens and investors, and there is a close relationship between behavioral economics and traditional economics, which makes currency stability necessitating addressing confidence in monetary and fiscal policies, ensuring their stability, and preventing sudden changes."  link

DINAR EXCHANGE 🚨 Iraq’s $16 Trillion Resource Revelation!

 DINAR EXCHANGE

Iraq’s $16 Trillion Resource Revelation! PM Advisor Salih unveils Iraq’s vast mineral wealth, positioning it as the 9th richest globally. With plans to diversify the economy and reduce oil dependence, could this be the catalyst for the Iraqi Dinar’s revaluation? #Iraq #IQD #EconomicDiversification #DinarRevaluation #DinaresGurus Iraq’s $16 Trillion Resource Revelation: A Catalyst for Dinar Revaluation? Iraq’s Prime Minister’s Financial Advisor, Mazhar Mohammed Salih, recently announced that the nation’s natural resources are valued at over $16 trillion. This immense wealth, encompassing minerals like thorium, uranium, phosphate, sulfur, and lithium, positions Iraq as the ninth richest country globally in terms of natural resources. The Iraqi government is actively pursuing economic diversification, aiming to reduce its heavy reliance on oil revenues. By developing the mining sector, which is expected to contribute at least 10% to Iraq’s GDP during its initial development phase, Iraq seeks to stabilize its economy and strengthen the Iraqi Dinar (IQD). According to Basel III requirements, a nation’s currency should reflect its tangible assets. With Iraq’s vast untapped resources, there’s a compelling case for a revaluation of the IQD.

AJ: A unified exchange rate has to happen 1st before the CBI can revalue its currency. #iraqidinar

 

Iraq's trade with Iran is again confusing the dollar. Hantoush warns of a tight spot!

  Iraq's trade with Iran is again confusing the dollar. Hantoush warns of a tight spot! 

Economic expert Mustafa Hantoush confirmed that Iraq still has significant trade with Iran that is not covered by the official price, leading to continued pressure on the parallel market.

In a statement to Jarida Platform , Hantoush stated that “millions of travelers to Iran are also contributing to increased pressure on the parallel market. With the improvement of the Iranian currency thanks to negotiations with the United States and the reduction of remittances, this pressure has eased somewhat.” 

He explained that “the Central Bank’s step to increase the limits on some cards has partially contributed to the solution, but the worsening situation and the return of remittances may push the parallel exchange rate up again.”

He added, "Iraq is now required to adopt new monetary policies to manage trade with Iran and passenger traffic. The solution may be through a tripartite account or a gold barter, as some countries in the region are doing, to extricate Iraq from this tight spot."  link

TIDBIT FROM MNT GOAT

 Mnt Goat  

 I try to bring you the progress of the monetary reforms, mostly following the plan to get back to FOREX...

This is a huge effort for Iraq as it is right in the middle of a very volatile area of the world right now...

Unfortunately, Iraq is a centuries old, major trading partner with Iran.  So, I hope now you can see the uphill challenge facing Iraq when the U.S. wants to sanction Iran.

 It is hard to do. This RV plan we watch is the Dr Shabibi’s plan from 2011. I am told the plan is still in effect and moving ahead...This to me was “WOW!” news.

IRAQ & DINAR STATUS EXPLAINED! @DINARREVALUATION #iraqidinar #iqd #iraq #iraqidinarnewstoday2025

 

Al-Sudani Affirms The Government's Support For Anyone Who Offers A National Industry With High Technology And Distinguished Specifications

 Al-Sudani Affirms The Government's Support For Anyone Who Offers A National Industry With High Technology And Distinguished Specifications

Saturday, June 14, 2025, | Economic Number of reads: 280  Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani affirmed the government's support for anyone who offers a national industry with high technology and distinguished specifications.

The Prime Minister's media office said in a statement: "Al-Sudani inaugurated today the Al-Alamiya factory for the production of medical and industrial gases, one of the private sector projects in Baghdad.

Al-Sudani toured the factory's departments, which is the first of its kind in Iraq, in terms of integrated production lines and operational energy efficiency, praising the efforts of the workers in this important industrial project.

Al-Sudani stressed that there are many projects in the governorates that need industrial gases, especially iron factories in Karbala, Basra, Salah al-Din, and the Kurdistan Region of Iraq."

He pointed to the government's support for the industrial sector in general, and for businessmen and industrialists in the private sector, and anyone who offers an achievement similar to this factory.

The Prime Minister stressed the support and provision of facilities for anyone who offers industry with high technology and distinguished specifications, pointing out the government's keenness to provide land for large industrial projects, which would open the door to important Iraqi industries that support the economy.

The factory was built on an area of ​​​​10 dunams at a cost of $ 32 million, and includes the tallest industrial tower in Iraq with a height of 69 meters, and its daily storage capacity is (1,250) tons of various products, while the production capacity of medical and industrial gases is (727,200) thousand tons annually, as nitrogen, argon, medical and industrial oxygen, and medical, industrial and food carbon dioxide will be produced.

The factory will meet about 80% of the needs of the Iraqi market for industrial and medical gases, and in the second phase, coverage and export will be completed. /End  https://ninanews.com/Website/News/Details?key=1234371