FIREFLY: " THESE COUNTRIES ARE DEALING WITH IRAQ BECAUSE THEIR PROGRAM NEW RATE!!! ‪@DINARREVALUATION‬

 

FRANK26: "IRAQI INVESTORS ARE NOT INVESTING AT 1310 !!!"

 KTFA

FRANK26: "IRAQI INVESTORS ARE NOT INVESTING AT 1310 !!!".......F26

The Central Bank sponsors the launch of the Al-Fursan Entrepreneurship Program.

 

The Central Bank of Iraq hosted a celebration announcing the launch of the "Fursan" program, an Iraqi-inspired initiative under the direct sponsorship of His Excellency the Governor of the Central Bank of Iraq. The program serves as a realistic investment program for entrepreneurs, aiming to create real opportunities for youth and enhance the role of the private sector in developing the national economy. 

In his speech at the ceremony, His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, emphasized that the Central Bank of Iraq has prioritized supporting projects related to the youth segment, which contributes to the local economy with products and services that contribute to raising the gross domestic product, ensuring an effective role in this regard. In light of the recent reforms, the Iraqi banking sector can also focus on supporting income-generating small and medium-sized enterprises that directly support the private sector. 

The "Fursan" program helps participants access investment opportunities and obtain soft loans for those who qualify. The program also provides a safety net that ensures the continuity of promising projects and prevents their failure. These projects serve as incentives for innovative youth and create new job opportunities that contribute to sustainable economic and social development in Iraq.

A group of young people presented their projects, highlighting the products they offer and their assessment of market demand and available potential, with the hope that other entrepreneurs will join them in the future.

 

Central Bank of Iraq 

Media Office 

June 25, 2025

REPORT: Impact of attacks on Iran in Iraq so far

 Impact of attacks on Iran in Iraq so far:

- Closing of airspace & suspension of ops at Iraqi airports. Pics from empty Najaf Airport. 

- $ exchange rate keeps changing. Problem for Iraq’s economy as it’s pretty dollarized.

- PMF cancels anniversary events scheduled for tomorrow.

Economic Impact of Attacks on Iran in Iraq So Far

1. Investor Confidence Decline: Ongoing violence and instability caused by attacks on Iranian targets in Iraq have discouraged both local and international investors. Many fear the country is becoming a battleground for regional powers.

2. Oil Sector Risks: Iran-backed militias are influential in Iraq's oil-rich regions, especially in the south. Escalating tensions threaten oil infrastructure and production, which is the backbone of Iraq’s economy.

3. Currency Fluctuations: Security threats often lead to speculation and uncertainty in the financial markets, causing instability in the Iraqi dinar and driving up inflation risks.

4. Trade Disruption: Iraq maintains economic ties with Iran, including electricity imports and border trade. Strikes on Iranian assets and growing tensions could disrupt this exchange, affecting local markets and prices.

5. Budget Pressure: With the need to increase security spending and repair infrastructure damaged by conflict, Iraq’s public budget faces additional stress, reducing funds for public services and reconstruction.

6. Reduced Economic Growth: Overall, the conflict environment hampers Iraq’s ability to implement reforms, attract business, and grow its non-oil sectors, all of which are crucial for long-term economic stability.

NADER FROM THE MID EAST: " Soon we'll be in every bank in United States" ‪@DINARREVALUATION‬

 

FRANK26: "BARZANI WAITS FOR THE NEW EXCHANGE RATE."

 KTFA

FRANK26: "BARZANI WAITS FOR THE NEW EXCHANGE RATE.".......F26

Two months of financial silence: Kurdistan freezes spending amid a storm of crises

 

6/24/2025

 - Kurdistan

The Ministry of Finance and Economy in the Kurdistan Region directed all banks, today, Tuesday (June 24, 2025), to suspend all types of exchange for a period of two months, starting today.

An informed source told Baghdad Today that "the ministry issued an official directive to all banks to suspend all forms of exchange for two months, without providing any explanation for the decision."

The decision by the Kurdistan Region's Ministry of Finance and Economy comes amid complex financial and economic conditions facing the region. The region is suffering from an ongoing crisis in securing salaries and financial dues, as well as ongoing disputes between the regional government and the federal government regarding oil and the budget.

LINK

TIDBIT FROM SANDY INGRAM

 Sandy Ingram  

 [Our] opinion Iraq is being pushed into qualifying for Forex participation status due to the slow pace at which Iraq can access its dollars at the Federal Reserve Bank. 

 Largely because certain banking restrictions are not in place...

Chase Bank’s is showing fixed exchange rates of $40 per IQD and $2.51 p...