DINAR REVALUATION

Monday, June 23, 2025

BROTHER TECHNOLOGY 🍿 The Rate is about to be Dropped🍿

BROTHER TECHNOLOGY

🍿 The Rate is about to be Dropped🍿

The timing of the Iranian influence in Iraq has left Bagdad.. All indicators showing the rate is finally is about to Pop on the Forex.. 🍿🍿🍿

Keep your EYES PEELED 🐸🐸🐸🐸🐸🐸

ADAM STEPHENS: The Arab Nations want to announce multiple currency revaluations!! #iraqidinar #iraq

IRAQI FINANCE FIGURES SHOW A “SOFT RENTIER” ECONOMY. ARE THERE ALTERNATIVES?

IRAQI FINANCE FIGURES SHOW A “SOFT RENTIER” ECONOMY. ARE THERE ALTERNATIVES?

An Iraqi economist warned on Wednesday against the country’s continued reliance on a rentier economy, noting that it “creates a consumer society” and weakens the national production base. Mohammed al-Hasani told Shafaq News Agency, “A rentier economy is usually weak and produces a consumer society dominated by the import sector, with little interest in manufacturing industries. This is what applies to Iraq.”

Al-Hasani called on the Iraqi government to “work and strive to develop Iraq’s industrial production sectors and diverse agriculture in order to stimulate the country’s foreign trade sector and achieve the highest possible financial revenues that contribute to achieving the highest returns for the national income and the Iraqi state treasury.”

The Iraqi Ministry of Finance revealed that federal budget revenues from January to March 2025 exceeded 27 trillion dinars, with oil accounting for 91% of total revenues.

Tables issued by the Ministry of Finance in June for the first quarter of the year, monitored by Shafaq News Agency, showed that oil remains the primary source of revenue for the general budget, reinforcing the rentier nature of the Iraqi economy.

According to the ministry’s data, total revenues amounted to 27 trillion, 248 billion, 764 million, 196 thousand, and 554 dinars, while total expenditures amounted to 26 trillion, 662 billion, 428 million, 661 thousand, and 44 dinars.

Oil revenues alone amounted to 24 trillion, 911 billion, 906 million, and 926 thousand dinars, equivalent to 91% of total revenues, while non-oil revenues amounted to 2 trillion, 336 billion, 857 million, and 269 thousand dinars.

In March 2021, the Prime Minister’s advisor for financial affairs, Mazhar Mohammed Salih, explained to Shafaq News Agency that the reasons behind the Iraqi economy remaining rentier are due to the wars and economic blockades of the past decades, in addition to the current political conflicts that have squandered economic resources.

Saleh added that the country’s continued reliance on oil as its sole source of revenue makes Iraq vulnerable to global crises that impact oil prices, forcing the country to repeatedly resort to borrowing to cover its deficit. This reflects weak financial management and an inability to develop effective financing alternatives.

GROUP PAYOUTS AT REDEMPTION CENTERS: Dinar/Dong = double-digit USD , Notification Phase underway

IRON ORE EXTRACTION, SULFUR AND DRY GAS INVESTMENT…THE GOVERNMENT IS DISCUSSING TWO REQUESTS AND A CHINESE OFFER

IRON ORE EXTRACTION, SULFUR AND DRY GAS INVESTMENT…THE GOVERNMENT IS DISCUSSING TWO REQUESTS AND A CHINESE OFFER.

On Monday, June 16, 2025, the Iraqi Industrial Coordination Council discussed the industrial situation in Iraq and its needs during a meeting chaired by Prime Minister Mohammed Shia al-Sudani. The meeting was attended by representatives of several foreign companies. The meeting discussed an offer submitted by the Chinese company “Tsing Shan” to extract “iron dust.”

A statement from Al-Sudani’s office, a copy of which was received by Al-Jabal, stated that “Al-Sudani chaired a meeting of the Industrial Coordination Council on Monday, during which the industrial situation in Iraq, its most prominent needs, and the files on the agenda were discussed and reviewed. The meeting was attended by a number of ministers, advisors, businessmen, and representatives of local and foreign companies working in partnership with the private sector.”

The statement added, “The Prime Minister stressed the need to continue working to provide the legal and legislative foundations for expanding the base of various industries in Iraq, in a way that serves the escalation of the private industrial sector’s activity, as a partner in development, and the provision of job opportunities and goods to the Iraqi market.”

The statement continued, “The Council considered the topics on the agenda and took the necessary decisions and directives. The request of the Chinese company (Tsing Shan) was discussed, and its desire to work in the field of dry gas in the Basra Industrial City project, and the sulfur investment project in the Lazka/2 field, and its offer to extract iron dust. Directions were given to coordinate with the Ministry of Oil in this regard.”

The Council discussed, according to the statement, the issue of determining rental allowances for industrial projects established on agricultural lands, and forming a committee in this regard. It approved referring the issue to the Ministerial Council for the Economy. It also considered the possibility of amending Cabinet Resolution (24413 of 2024) regarding granting initial approvals for the establishment of facilities for industrial projects and equipping these projects with petroleum products from distribution outlets according to entitlement .

The statement noted that “the Council reviewed the relevant ministries’ completion of the digital transformation and the single window at the Industrial Development Directorate. It also approved the referral of the file on reducing the prices of liquefied natural gas supplied to industrial projects to the Ministerial Council for the Economy, and obligating government agencies providing services to create electronic links for industrial companies operating unnumbered sites to facilitate companies’ submission to the link.”

The statement concluded, “The Council discussed the Ministry of Education’s referral to print school textbooks, and the balance between the private and public sectors, in accordance with Cabinet Resolution No. 24402. The meeting also considered exempting industrial investment projects located outside the basic design of cities from the announcement requirement in Cabinet Resolution No. 245 of 2019.”

TIDBIT FROM SANDY INGRAM

Sandy Ingram

Why is the IQD not globally traded? First it's because of capital controls.

Iraq restricts the flow of its currency across borders.

Second, there's a lack of market confidence due to war, sanctions and corruption.

The IQD isn't trusted as a stable investment by international markets. Third we have sanctions and compliance issues.

Concerns over dollar leaks to sanctioned nations like Iran make most global banks wary of dealing in IQD. Finally, there's no offshore clearing or liquidity. There's no active IQD trading infrastructure abroad...