DINAR REVALUATION

Friday, July 4, 2025

FIREFLY: DELETING ZEROS FROM THE DINAR WAS EXPLAINED ON TV @DINARREVALUA...

Net Foreign Investment In Iraq Declines In 2024 And The First Quarter Of 2025

Net Foreign Investment In Iraq Declines In 2024 And The First Quarter Of 2025

Money and Business Economy News – Baghdad Data released by the Central Bank of Iraq showed that net foreign investment in Iraq recorded a deficit of $8 billion in 2024, due to net foreign investment outflows of $7.6 billion, in addition to Iraqi investments abroad amounting to $400 million.

For the first quarter of 2025, data indicates a continued negative trend, with net outward foreign investment from Iraq exceeding $1.1 billion. This figure is broken down into:

- Net outward foreign investment of $1 billion.
- Iraqi outward investments of $133 million, registering a 21% increase compared to the last quarter of 2024.

Despite a 36% decline in net outward foreign investment, the index remains in negative territory, according to Al-Abidi. This means that investments continue to leave Iraq rather than flow into it, reflecting the ongoing challenges facing the local investment environment.

Foreign direct investment—both inward and outward—plays a vital role in Iraq's balance of payments. Along with oil sales, it represents one of the primary sources of foreign currency. The higher the investment flows, the less pressure there will be on the local market's demand for dollars and other foreign currencies.

It's worth noting that the Iraqi government had previously announced attracting $63 billion in foreign investment over the past two years, but these figures were not actually reflected in the balance of payments data.

This is likely because these projects have not yet been completed or have not entered into actual financial implementation, meaning their monetary impact on the banking and financial system has been absent. 441 views https://economy-news.net/content.php?id=56899

TIDBIT FROM SANDY INGRAM

Sandy Ingram

...On June 26th, reports emerged of a large-scale dollar smuggling operation involving billions of dollars allegedly let by Iranian networks.

This illicit flow of US currency is affecting the official IQD/USD exchange rate and potentially putting pressure on the Central Bank of Iraq.

In June the World bank approved a $930 million loan for the Iraq railways extension and modernization project connecting Umm Qasr in the South and Mosul in the north.

This investment will boost domestic trade, create jobs and reduce reliance on oil exports which is necessary for a revalue of the IQD.

MAJEED: IRAQ IS ADJUSTING SALARIES WITH THE NEW RATE & STABILIZING THE I...

The Association Of Private Banks To Nina: Iraq Has Made Significant Progress In Promoting Financial Inclusion...And These Are The Requirements For The Success Of International Standards.

The Association Of Private Banks To Nina: Iraq Has Made Significant Progress In Promoting Financial Inclusion...And These Are The Requirements For The Success Of International Standards.

Wednesday, July 2, 2025, | Economic Number of reads: 109 Baghdad / NINA / The Iraqi Private Banks Association confirmed: "Iraq has achieved significant progress in financial inclusion thanks to the Central Bank's commitment to implementing international standards."

The head of the association, Wadih Al-Handhal, said in a statement to the National Iraqi News Agency ( NINA ), that "the Central Bank of Iraq is moving forward in implementing compliance standards and enhancing financial inclusion in the banking sector, and the Banks Association also supports raising awareness of financial inclusion."

He explained that "the success of the basic requirements for implementing these standards and achieving advanced levels in combating money laundering depend on training specialized and qualified staff to use information and databases, based on the principle of knowing the customer and the sources of his funds."

He added: "The Middle East and North Africa Financial Action Task Force (MENAFATF) has transformed Iraq from a gray zone to a monitoring area, and this is true evidence that Iraq has achieved significant progress in enhancing financial inclusion and combating money laundering and terrorist financing," noting that "the need for legal legislation still exists, and we must move forward in training human cadres to keep pace with the rapid digital and technological transformation in the world."

Regarding the financial inclusion rates achieved by Iraq, Al-Handhal explained that, “according to international standards, the current financial inclusion rate in Iraq has exceeded 46% compared to previous years, which is a very significant progress with which we seek to achieve a rate of 90-95% in cooperation with the Central Bank in the near future.

The Arab Monetary Fund is also very satisfied with this rate and is following the growth of the banking sector. It considers Iraq to be implementing financial inclusion through a sound mechanism that has contributed to Iraq’s progress in ranking ahead of other countries.”/End https://ninanews.com/Website/News/Details?key=1238746

BRUCE HIGHLIGHTS

Tues. 1 July 2025 Bruce

Large Sovereign multi-billion $ Bonds called Super Pachelli are paying out today Tues. 1 July and tomorrow Wed. 2 July. The monies will be used to back up the GCR payouts.

The Iraqi Dinar has revalued again and the new rate is on the back screen of the Forex trading. On Wed. 2 July it is supposed to show on the front screen of the Foex and trading.

On Tues. 1 July 17 currencies were shown on the front screen of Redemption Centers, rates fluctuating in value.

The USTN (US Treasury Note) is the physical gold-backed US currency. The USN (US Note) is the digital gold-backed US currency.

At a Redemption Center you can ask for the Contract Rate of the Dinar, which is much higher than the regular rate.

Tier4b could be notified to set appointments by the weekend, but it may not be until next week Tues. or Wed. 9 July.

Yesterday the Swiss Bank did a test and was able to transfer monies to 209 countries within 7 seconds.