MARKZ: They are on the fully international forex!! ‪@DINARREVALUATION‬ #iraqidinarinvestor #iraqidinar

 

FRANK26: "SECURITY & STABILITY BRINGS A NEW EXCHANGE RATE !!!"

 KTFA

FRANK26: "SECURITY & STABILITY BRINGS A NEW EXCHANGE RATE !!!".....F26

With the stability trilogy, monetary policy tames inflation and protects citizens' pockets.

6/25/2025

The Prime Minister's financial advisor, Mazhar Muhammad Salih, confirmed that the monetary policy, whose objectives under the Iraqi Central Bank Law No. 56 of 2004 include reducing the growth in inflation rates to a stable path.

 

Speaking to Al Furat News Agency, he pointed out that "this policy was able to control demand levels and additional spending power in the economy, by sterilizing local liquidity by providing foreign currency at a stable official exchange rate for the dinar not exceeding 1,320 dinars per dollar, and on a scale that led to weakening the effects of the parallel market and reducing it to financing the country's foreign trade." 
Saleh explained that "this came as a result of the cancellation of the foreign currency window at the beginning of this year and the adoption of the principle of foreign exchange bolstering to finance the country's foreign trade, praising the successes of this shift in terms of financing speed and compliance." 
He added, "The success of the price defense policy adopted by the trade policy contributed to the remarkable spread of central markets in cooperation with the private sector, which reflected in the price moderation of these market components in a competitive manner, ensuring the stability of essential goods for citizens and others." 
He explained that "the three policies, in combination, have had a positive impact on economic policy in promoting stability in citizens' cash income, with remarkable success over the past two years, as annual inflation growth did not exceed 3%, which is within the normal acceptable range for estimating annual price base growth in the country." 

From.. Raghad 

 

LINK

BROTHERS TECHNOLOGY : "All arrows are pointing to Go time"!! @DINARREVAL...

FRANK26: "THE IMF SHOWS IRAQ IS READY FOR A NEW EXCHANGE RATE"

 KTFA

FRANK26: "THE IMF SHOWS IRAQ IS READY FOR A NEW EXCHANGE RATE"........F26

The IMF mission commends the Central Bank of Iraq.

June 25, 2025

 

The International Monetary Fund (IMF) mission, led by Jean-Guillaume Poulain, which met with the Central Bank of Iraq (CBI) from May 4 to 13, 2025, commended the CBI's work in several areas. It confirmed that the CBI has made progress in absorbing excess liquidity by increasing the issuance of short-term debt instruments (CBI drafts and Islamic certificates of deposit), adjusting subscription limits for banks in CBI auctions, and improving liquidity forecasting tools and practices.

The statement issued by the International Monetary Fund stated that the mission commended the efforts of the Central Bank of Iraq to successfully transition to the new trade finance system, indicating that commercial banks now process trade finance transactions entirely through their relationships with correspondent banks. The Central Bank of Iraq has achieved significant progress by transitioning to the new system for financing foreign trade through correspondent banking channels, instead of relying on the daily dollar auction. This development has contributed to enhancing banks' compliance with international transparency requirements, such as OFAC regulations and others, and improving their relationships with global correspondent banks. This step has resulted in narrowing the gap between the official dollar price and its parallel price, indicating relative success in curbing illegal speculation and reducing currency leakage. The foreign exchange management methodology has become more effective compared to the past, especially with the Central Bank of Iraq continuing to take complementary measures, such as requiring traders to submit genuine import invoices and simplifying procedures for obtaining hard currency for legitimate importers.

In parallel, the mission welcomed the progress made in the use of digital technology and the Iraqi authorities' intention to implement a comprehensive reform of the banking sector, calling for its completion to be accelerated without delay. The Iraqi government, with technical support from the International Monetary Fund and other international bodies, has begun implementing initial steps to reform government banks, including auditing the quality of assets, estimating the size of non-performing loans, and developing a draft plan to restructure the two largest government banks (Rafidain and Rashid) financially and administratively. The Iraqi financial sector has also witnessed an increasing trend towards digitization and the adoption of modern financial technology, whether in electronic payment services or the launch of banking platforms via the Internet and mobile phones.

The International Monetary Fund believes that these technical improvements, along with steps to enhance cybersecurity in banks, promote financial inclusion, expand private banking activity, and restructure government banks, will enhance the efficiency of financial services and increase foreign correspondents' confidence in the Iraqi banking sector.

The report also noted the expansion of private banks' activity in trade finance and small business financing, with expectations of further increases if obstacles are removed. Initiatives to enhance financial inclusion, modernize electronic payment systems, and reduce reliance on cash in the economy are also crucial to strengthening banking depth. The Central Bank of Iraq launched a national financial inclusion strategy during the first half of 2025. The report also included important recommendations to enhance financial stability and facilitate the transfer of monetary policy effects to the real sector, including: reducing the phenomenon of dollarization, in which Iraq has made significant progress over the past two years; the importance of accelerating the completion of the comprehensive restructuring plan for banks to enhance their solvency; the importance of strengthening corporate governance for banks, developing digital infrastructure and cybersecurity for the financial sector; strengthening the role of private banks in financing economic development; and continuing to improve anti-money laundering and counter-terrorism financing procedures. It is also important for the Central Bank of Iraq to continue increasing the issuance of short-term securities to ensure better management of excess liquidity.

 

Central Bank of Iraq 

Media Office

https://cbi.iq/news/view/2916

TIDBIT FROM BGG : "Advisor: Iraq’s financial situation is secure"

 BGG 

 Article:  "Advisor: Iraq’s financial situation is secure"  Quotes: 

 "The Prime Minister’s Financial Advisor, Dr. Mazhar Muhammad Salih, confirmed that Iraq’s financial situation remains within safe limits, despite the repercussions of regional tensions... ";

 "He added that geopolitical tension raised oil prices by about (10) dollars, which increased revenues, despite the risks associated with the security of navigation in the Strait of Hormuz, through which the majority of Iraq’s exports pass."

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