Tuesday, June 17, 2025
THE WORLD BANK EXPECTS GROWTH IN THE IRAQI ECONOMY IN 2025 AND 2026.
THE WORLD BANK EXPECTS GROWTH IN THE IRAQI ECONOMY IN 2025 AND 2026.
The World Bank expects the Iraqi economy to grow by 1.2% this year. The bank said in statistics reviewed by Shafaq News Agency that “the Iraqi economy is expected to grow by 1.2% this year, up from negative 1.5% in 2024.”
He added that economic growth in Iraq is also expected to rise to 4.4% in 2026, before declining to 3.1% in 2027.
He pointed out that “Libya is expected to be the Arab country with the fastest economic growth, with an estimated 12.3%, followed by Djibouti at 5.2%, and then Lebanon at 4.7%.” According to World Bank statistics, “Yemen will have the lowest economic growth, at -1.5%, followed by Syria, with a growth of 1%.”
STATUS OF THE RV , PART. 3 BY MNT GOAT
STATUS OF THE RV , PART. 3
So, what is so bad with all this amazing news on Tuesday?
In most of your minds you still see a clock and that is all you see. Like I said I bring this news to you only to report. I report only what my CBI contact tells me. If I think it is weird I challenge her and get clarity. There is much more from our conversations but some of it is not for your ears.
I too want the RV tomorrow and everyone should be ticked-till-pink that someone, anyone cares about you and can finally bring the TRUTH and HONESTY to this investment.
Yes, someone does care about you! But you have to care about me too and the time I spend in this process. Right?
However, if you don’t want me around any longer it is simple, just don’t show any appreciation and I’m gone. I noticed a trend of how the appreciation fades when I tell you something you don’t want to hear.
Even if its bad news I still have to bring it to you and this takes research and time. These calls to Iraq cost too.
My time composing all these Newsletters is valuable to me and I could certainly be using it on another job of some sort to help with the Gasthaus expenses. Please decide to show you appreciation and I mean everyone reading this on an ongoing basis.
The only way I know you’re out there is taking this step. If you are quiet, I too will be quiet! I already know what is coming and can see it the writing on the wall with Iraq and the RV. I can see the obstacles they must get over. I don’t need to share this with anyone who does not care too.
What is our important news for today? There is not much new news to report.
The IQD RV has not yet happened anywhere. It is NOT yet on Forex nor is there any news that it could be on Forex without the Project to Delete the Zeros first. It is a step by step currency reform process.
In two recent articles titled:
☹“MP: SIX MONTHS HAVE PASSED AND THE BUDGET SCHEDULES HAVE NOT YET REACHED PARLIAMENT”
and
☹“TO SPUR INVESTMENT, PARLIAMENTARY DEMANDS TO EXPEDITE THE RELEASE OF THE 2025 BUDGET SCHEDULES.”
We can see there is mounting pressure to get the 2025 budget tables out. They are not even in parliament yet. Member of Parliament Yasser Hashem expressed his surprise on Wednesday at the government’s delay in submitting detailed schedules for the 2025 general budget law to Parliament, despite six months having passed since the beginning of the year. He stressed that “there is no justification for this delay.”
Folks, I will tell you again and again, this holdup on the budget is not about the RV. Instead, it is about the drop in oil prices and the finance committee had to adjust the expenditures for the ongoing projects.
That’s reality. How do I know this for sure? I know because they told us in the news, get it? My CBI contact confirmed it. Oh… but many of you still believe in Santa Claus and these “secret” hidden agendas for the RV. Folks get over this kind of intel guru crap.
MAZHAR SALEH: STABILIZING INFLATION IS ONE OF THE MOST NOTABLE SUCCESSES OF IRAQ’S ECONOMIC POLICY.
MAZHAR SALEH: STABILIZING INFLATION IS ONE OF THE MOST NOTABLE SUCCESSES OF IRAQ’S ECONOMIC POLICY.
The Prime Minister’s economic advisor, Mazhar Mohammed Salih, confirmed that one of the most significant successes of Iraq’s economic policy this year has been the stability of the general price level, or inflation, growth rate. He noted that the annual inflation rate is approaching, for the first time in many years, the natural break in price growth,
which amounts to about 3% or less, according to statistical inflation indicators.
Saleh explained in an interview with Al Furat News Agency that “this significant price stability is due to the combination of economic policy objectives to maintain the purchasing power of citizens’ cash income and overall macroeconomic indicators, which represents an addition to real income for citizens and a good indicator of the investment and business climate.”
He pointed out that “among the factors that contributed to achieving these successes is the general budget’s allocation of price support within fiscal policy, which constitutes more than 13% of GDP. This is a high and significant percentage, and goes towards subsidizing the prices of government services, in addition to fuel and food basket subsidies, farmer support, and other types of support.”
(Mnt Goat: Didn’t even mention the fact that the Iraqi dinar went up in value and the parallel market hit hard.)
STATUS OF THE RV , PART. 2 BY MNT GOAT
STATUS OF THE RV , PART. 2
The U.S. also has work to do in this regard with all of the unfair trade practices and currency manipulations going on with it, not to mention its huge national debt. So, one might say for the U.S. dollar to be part of these new baskets, it too needs some work.
The CBI has told us, regardless of what we think, they are being told they must FIRST establish an economy that is sustainable beyond the oil volatile market and the oil revenues of the sole petro-dollar (this is called a rentier economy, a very volatile economy) revenue stream.
Just look at what just happened too when oil dropped to $60. The entire Iraqi 2025 budget is now at stake. They had to adjust the budget tables and this took 6 months to do. They are half way through 2025 already…. What a dysfunctional budgeting process!….. ☹ No, they are not purposefully holding back the 2025 budget due the new rate in the budget. Please stop all this nonsense. It is not the RV timing holding it back. Please get off this RV soap opera drama.
Now as we turn our attention to the reinstatement plan, we must ask important questions. How does all this fit into it, as it is all interconnected?
I keep telling everyone this but many of you just still refuse to believe me and want the completion of a single event to trigger the RV. It does not work that way. We are not waiting for any event. Instead, Iraq and the region must be stable, secure and able to sustain their currency once it is on FOREX. There are many moving pieces.
Trust me when I say this – I want the RV just as bad as you but lies are not going to get us there any sooner!
What are some of the moving pieces? I am sure I might miss some but let’s look at them:
- The driving force to begin all this movement was the “full” release from Chapter VII sanctions in December 2022. We witnessed this and within a month the US Treasury moved in to Iraq. The currency auction audits began and the final phase of cleaning up the corruption began. This allowed Iraq to move ahead whereas before they were limited from many of the actions we are now witnessing taking place. What comes first the cart or the horse?
- There is the rentier economy, as the UN and IMF describe as a lack of “sustainability”. What if they did pull the trigger now and reinstated the dinar, can the economy sustain the new rate?
- Then there is the situation between the U.S. and Iran. This can get VERY complicated very fast. Nuclear armament, gas & electric sales issues?
- We witnessed the de-dollarization of Iraq, something right out of the Dr.Shabibi plan of 2011. So we know this HAD to take place first prior to the project to delete the zeros. In fact Dr Shabibi has Iraq de-dollarized back in 2011 but when the corruption hit, the dollars came back in, the project to delete the zeros and the reinstatement never happened.
- Next there was the parallel market and the dollar issues. The CBI had to get the dinar so that it is close to 1:1 with the dollar in order to conduct the project to delete the zeros, which has to happen prior to the reinstatement. They need this in-country RV in order to issue the newer lower denominations currency. The first step with this was to de-dollarize then to get the parallel market close to the “official” CBI rate. We are now looking for that next revalue of the “official” CBI rate whether it is close to 1166 or even 1000, which would make it 1:1. We wait and watch for this now. But now we had a major drop in oil prices and so everything is slower until Iraq adjusts and get back on track, get it?
- We just witnessed the liquidity issue with the banks and the new tactic to “force” the cash back into the banks.
- Then we have been studying the “Pillars of Financial Reform” with the banking sector. Oh, and what about the currency auctions. They are still ongoing but now financed by correspondent banks and no longer from the CBI reserves.
- We witnessed the foreign banks and agreements with Iraq in money transfers and payments for imports
- We just witnessed many of these economic summits to drive investors to Iraq.
- Just announced trillions worth of resources in Iraq. This is amazing but more amazing is they are contracting NOW (not ten years from now) with companies to exploit these resources and bring them to market NOW. This could rival the oil revenues.
- Implemented the customs and tariffs. Still have to fully account for all the money and this is also said to rival the oil revenues.
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