A significant decline in the volume of foreign loans, and Iraq is in the green side in international credit standards

 A significant decline in the volume of foreign loans, and Iraq is in the green side in international credit standards.

Iraq's external financial policy has improved its global credit rating, with external debt declining to approximately $10 billion. Despite the rise in domestic debt, economists assert that it poses no risk, thanks to the government's ability to set interest rates and schedule repayments.

The Iraqi government's foreign financial policy appears to be improving, as evidenced by a decline in foreign borrowing rates. This decline raises Iraq's global credit rating, which is based on the size of the debt and the country's ability to repay interest.

Economist Abdul Rahman Al-Mashhadani says, "The decline in external debt is a positive indicator, and it is not measured in this year, but rather over the past three years, when it fell to less than $30 billion, putting Iraq in the green."

Meanwhile, figures show an increase in the value of domestic debt, which the government has borrowed from financial institutions to finance projects and cover the financial deficit in the annual budgets. However, economic readings confirm that domestic loans do not pose a risk, given that the government determines the interest rate and carefully sets the repayment schedule. However, they remain within the framework of debt that must be repaid. Based on this, the Parliamentary Finance Committee emphasizes the need to deal with the available financial liquidity.

Finance Committee member Moein Al-Kadhimi said, "Based on what the government has at its disposal, it must act within its limits. This way, there is no budget deficit, there is ongoing funding for projects, and no new projects are initiated, while simultaneously funding the operating budget."

The size of foreign loans amounts to approximately $10 billion, which currently places Iraq at a (B-) rating, given that the size of foreign loans for 2023 exceeded $20 billion. This means that this decline is attributed to the government's good handling of foreign loan repayments, placing Iraq at a better credit rating than before.  link

DINAR REVALUATION UPDATE: POTENTIAL FUTURE RV : RV,July first basket Dinar 4.50 THEN ANOTHER Reset sept-Nov 1:1

DINAR REVALUATION UPDATE: 

POTENTIAL FUTURE RV 

RV,July first basket Dinar 4.50 Reset sept-Nov 1:1 2 times

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[via PDK] Article: "Within two days, departments will no longer accept cash. As the Iraqi government transitions to a cashless..

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In Iraq, inflation is significantly lower than 3%. That's excellent. It serves as a revaluation indication

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IQD STATUS:The revaluation rate of $4.8101 USD/IQD is injected across backend trading infrastructure

 

Iraq Seeks To Reduce Gas Flaring To Zero.

 Iraq Seeks To Reduce Gas Flaring To Zero.

  
Energy  The Ministry of Oil announced on Wednesday the government's efforts to
     increase associated gas investment rates and
     reduce flaring rates,
     achieving zero flaring, while also
     increasing liquefied natural gas production and exports to
     generate additional revenue for the state treasury.
 
“The government and the ministry are keen to
     increase the investment rates of associated gas from oil fields and work to
     reduce gas flaring to low levels, leading to
     zero flaring in the next few years, 

in addition to
     increasing the production and export rates of liquefied gas to
     generate additional revenues for the state treasury,” said Ezzat Saber Ismail, Undersecretary of the Ministry of Gas Affairs, during a leadership meeting for the gas sector, attended by heads of relevant companies and departments at the ministry’s headquarters.  

He added,  "The gas investment sector has achieved advanced levels of production, as national companies have been able to raise gas investment quantities to 71%, through the implementation of a number of projects that aim to achieve the Ministry's plans in this regard." 

 He pointed to "the interest the gas sector receives from Prime Minister Mohammed Shia al-Sudani and Oil Minister Hayan Abdul-Ghani al-Sawad, " expressing his hope that
 
"the ministry will achieve its goals through projects implemented by national companies in cooperation with specialized international companies, particularly in the Maysan, Buzurgan, Gharraf, and Nasiriyah fields in Dhi Qar, Artawi, Nahr Bin Omar, and the integrated gas project with Total in Basra, in addition to the projects of the fifth licensing rounds."
 
The Undersecretary of the Ministry stressed the
     "need to enhance liquefied natural gas storage capacity by
     accelerating the implementation of ongoing and planned projects in a number of governorates,
     in order to strengthen the integrated infrastructure of this sector,
 
which has witnessed significant achievements in projects to
     increase production, storage, export capacities, and distribution outlets." He explained that
 
"the Ministry has recently succeeded in implementing a number of gas pipeline projects to power plants, which aim to achieve high flow rates in the transport and pumping of gas." 

The statement added,  "The meeting included a review of the
     projects being implemented within the ministry's programs and plans, the
     percentages of completion achieved, dry and liquid gas production rates,
     storage energy projects, the  pipeline network, and
     gas transportation to power plants, in addition to the topics included on the agenda."  
views 143     Added 06/25/2025 - https://economy-news.net/content.php?id=56606  

FIREFLY: Television is reminding us Iraqi citizens that starting July 1st all government agencies will not accept any cash payments!!!

 Frank26   

[Iraq boots-on-the-ground report]   

FIREFLY:Television is reminding us Iraqi citizens that starting July 1st all government agencies will not accept any cash payments...The government will not be dealing in any form of cash.  We're going digital.

 FRANK:  July 1st is interning.  The CBI already does not allow you to use American dollars anymore. 

 Now they're not even going to allow you to use your 3-zero notes.  They want you to go digital...

You can't use physical cash? 

 If that's true then that means the security and stability of your lower notes has been established...1310 electronically makes no sense to me.

IRAQ BOOTS ON THE GROUND: The exchange rate reform is officially enabled!! #iraqidinar #iqd

 

The Central Bank Concludes A Course On Basic Standards For Detecting Counterfeit Currency.

 The Central Bank Concludes A Course On Basic Standards For Detecting Counterfeit Currency.

 June 29, 2025  The Central Bank of Iraq's Basra branch concluded the "Basic Standards for Detecting Counterfeit Currency" course.   The course, organized by the Central Bank's Banking Studies Center, lasted three days, from June 23-25, 2025.

 The course was attended by 13 government and private banks from the southern governorates.

 It also covered key aspects related to recent developments in  detecting counterfeit currency and its      basic standards. 

For their part, the participants praised the training courses organized by the Central Bank of Iraq for their significant impact on developing their job performance.   Central Bank of Iraq  Media Office  June 29, 2025  https://cbi.iq/news/view/2921