Iraq’s economic landscape is undergoing significant transformation, spearheaded by proactive measures from the Central Bank of Iraq (CBI).
Recent announcements highlight a series of positive developments aimed at strengthening the national currency, enhancing purchasing power, and bolstering the country’s financial resilience.
One of the foundational steps in improving banking practices across the nation is evident in a recent training workshop held in Erbil. This intensive session focused on “Core Standards for Detecting Counterfeit Currency,” an essential initiative designed to fortify the integrity of Iraq’s financial system and ensure greater security for transactions.
This commitment to meticulous standards underscores the CBI’s dedication to a more robust and trustworthy banking environment.
Beyond operational enhancements, the CBI’s efforts are yielding tangible results in macroeconomic stability. Notably, Iraq has seen inflation rates fall significantly to a commendable 2.2% in the first quarter of 2025.
This substantial drop is a strong indicator of improved economic management and directly translates into enhanced purchasing power for Iraqi citizens, making everyday goods and services more affordable.
Further bolstering the stability of the Iraqi Dinar (IQD), the CBI has successfully implemented a 0.6% reduction in currency circulation. This strategic move is designed to control liquidity, manage inflationary pressures, and, critically, support the overarching goal of stabilizing and strengthening the IQD’s value in the market.
Perhaps one of the most compelling signs of Iraq’s growing financial strength is the remarkable surge in its gold reserves. The nation’s gold reserves have climbed by an impressive 19%, now standing at a robust IQD 21.2 trillion. This significant increase not only fortifies Iraq’s foreign reserves but also acts as a crucial hedge against economic volatility, boosting investor confidence and providing a solid foundation for future growth.
These comprehensive measures from the Central Bank of Iraq paint a promising picture for the country’s economic future. From meticulous banking standards to robust national reserves and controlled inflation, Iraq appears poised for increased stability and prosperity.
PRESIDENT OF THE REPUBLIC: I WISH TRUMP SUCCESS IN ACHIEVING PEACE THROUGHOUT THE WORLD.
President Abdel Latif Jamal Rashid expressed his wishes for US President Donald Trump’s success in his efforts to achieve peace throughout the world on Wednesday. The President of the Republic told Spanish National Radio that everyone in the Middle East is concerned about the ongoing Israeli attacks, whether against the Palestinians, Iran, Lebanon, Yemen, or many other places, adding that these crimes against the peoples of the region must stop.
He continued, “Iraq hopes that the ceasefire between the Islamic Republic of Iran and Israel will continue to become a permanent ceasefire and that no further attacks will occur there.” He noted that “Israeli bombing of Gaza continues daily, resulting in dozens or even hundreds of casualties among civilians and innocent children every day.”
He added that the Arab countries had set their own conditions for ending the conflict, stating that “the first priority must be to stop this aggressive war, grant the Palestinian people their right to self-determination, enable them to establish their own state and enjoy their legitimate rights, and stop these massacres.”
He explained that “Iraq’s relations with Iran are good,” noting that “Iran is a neighboring country with which we share a border of more than 1,400 kilometers.” He added that these relations are not new; they have existed for a long time, and that we have extensive contacts with the Iranian side.
He continued, “There is an urgent need to find a comprehensive solution to address the problems facing Iran, as it continues to suffer from sanctions and the isolation imposed by some countries.” He emphasized that “the best course of action is to pursue dialogue and reach understandings with Iran so that it can become part of the international community.” He continued, “I wish President Trump success in his efforts to achieve peace around the world, noting that without peace, we all suffer—economically, socially, and diplomatically.” He emphasized that “ISIS was a terrorist organization, and we fought a long war against it because it controlled vast swaths of Iraqi territory. We succeeded in defeating it militarily, and the security situation in Iraq is much better today.
He noted that ISIS remains an ideological threat, and it is the duty of the entire international community to counter these ideas. He emphasized that ISIS must not be allowed to exist or operate in any way, adding that we are cooperating closely with the Syrian government to address this problem.
Why would they need to have the citizens and merchants on the digital transactions with the banks? Less cash is better! This is what “financial Inclusion” means.
I am being told by my CBI contact that the CBI is looking for at least 50% of the citizens with bank accounts and in the digital payment system.
I don’t know how they gauge this percentage but that is what I am told. If nothing else from today’s news remember that in order to conduct a revaluation of the dinar, thus in order to make the rate of each dinar to the U.S. dollar higher (as much as we want), they would have to reduce the monetary mass in circulation substantially to do it.
If you are going with a $4+ RV rate then my contact told me they would have to reduce or shrink the monetary mass by nearly a quarter of the paper. To do this the paper (the three zero notes) must be brought back to the banks, thus the CBI to burn. Oh…. you are confused?
I am talking of course ONLY about the paper notes in the hands of the citizens and us investors. The rest the banks can convert digitally.
Could this also be one of the reasons why they keep telling us they need to get these paper notes out of the homes and stashes and into the banks? They told us nearly 90% of all the paper is not in stashes not in the banks. Folks, it all adds up.
They are planning to do a major revaluation in the VERY, VERY NEAR future. Are you ready?
AN EXPERT WARNS OF THE US FEDERAL RESERVE’S RESTRICTIONS ON IRAQ’S FINANCIAL AUTONOMY
Economic expert, Diaa Mohsen, confirmed on Wednesday that Iraq still lacks independent economic decision-making due to the restrictions imposed by the US Federal Reserve on its funds, warning of the repercussions of the continuation of this situation on the country’s financial autonomy.
Mohsen said in a statement to Al-Maalouma Agency, “After Iraq was released from Chapter VII in 2011, the United States deposited its funds in the US Federal Reserve under the pretext of protecting them,” noting that “the returns resulting from these deposits are much less than what could have been achieved if these funds were invested by the Iraqi government directly or through partnerships with various countries.
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He explained that “Iraq’s continued exposure to these restrictions is unacceptable and deprives it of significant economic opportunities,” stressing that “Iraq’s liberation from the authority of the US Federal Reserve would revive the national economy and open broader horizons for financial development.”
He added that “Iraq remaining hostage to US decisions makes it vulnerable to financial sanctions in the event of any political dispute with Washington, as the latter can simply seize Iraq’s funds or prevent their disposal.”
(The pressure is building for “full” independence. Will Trump give it to them? All I can say now is “I told you so”.)
😊😊 Okay so now we see yet another indication of where Iraq is going. They want total independence as a nation. They want their freedom back. Oh…is this coincidence it is also our 4th of July when the USA gained its independence from Great Britian. They are talking openly about this as this time.
Folks, it has been over 20 years already since the end of the war and more than two years (2022) since they repaid Kuwait for war reparations in full. So, what the hell is the U.S. doing to Iraq?
Can you see the corruption by the U.S. When the deep state bastardsget a hold of you by the neck, they don’t want to let go. These economic hitmen choke you until you are unrecognizable.
You might want to take a look at article titled “THE US TREASURY IS PURSUING CORRUPTION FUNDS… AND THE BAGHDAD GOVERNMENT REMAINS SILENT.” But there are ways to revive the situation and these are political pressures that are now being exerted. I believe the UN is going to step in and help.
Even better yet take a look at article titled “AN EXPERT WARNS OF THE US FEDERAL RESERVE’S RESTRICTIONS ON IRAQ’S FINANCIAL AUTONOMY”.
Economic expert, Diaa Mohsen, confirmed on Wednesday that Iraq still lacks independent economic decision-making due to the restrictions imposed by the US Federal Reserve on its funds, warning of the repercussions of the continuation of this situation on the country’s financial autonomy. Yes, we all should know about Exec Order 13303 by now. This should no longer be renewed and gone. Is there really a necessity to renew this? Does Iraq still need the guardianship of the US?
I want to emphasis that this is going to be an uphill battle for Iraq for “full sovereignty” as the U.S., like a baby suckling on a mother’s tit, is reluctant to let a good thing end. I do not mean to be too sarcastic but is this not a very good analogy? When will the U.S. finally let go?
Oh… could this be what is holding up our RV? Does the pope say mass at the Vatican on Sundays? Let’s not also dismiss the Oil and Gas Law as I did not say this is also needed to be done.
Meanwhile I keep telling you that the CBI is still moving forward at a fast pace to complete the monetary reform and follow Dr Shabibi’s plan of 2011. But the U.S. will have to let go and let it happen. This will end their control over Iraq…. finally! The U.S. has said already they intend to sign-off with caveats.
What else is in the news….?
😊As Ali Al-Alaq in the CBI is working towards the monetary reform, we have the prime minister Al-Sudani working his magic in the direction of economic reform and his “pet” project of industrial cities. So, today in the article titled “IRAQ PLANS TO RECEIVE 4 MILLION CONTAINERS ANNUALLY AT UMM QASR PORT.” Umm Qasr Port in Basra is undergoing rapid development as part of a plan to modernize its infrastructure and enhance its operational capabilities, aiming to increase its annual capacity to 4 million containers. Did they just say 4 million containers annually? WOW! Like Clinton secretary of state told us a while back that Iraq is going to be a “clearing house” for the middle east. This means shipment from all over the world will land in Iraq and they be distributed to other countries. This means massive tariff and customs fees for Iraq. Also don’t forget about these industrial cities and the goods they will also produce to add to the warehouses. Remember the slogan “Make In Iraq”? What are the planning…..? 😊
😊I also want to point out that the best advice the U.S. could have ever given Iraq is to work towards independence in the field of energy, meaning gas and electricity independence from their dependence on Iran. With this war with Israel we can clearly see the problem this dependence could mean. Folks, I just want to say – its time! 😊
Take a look at article titled “IRAQ LAUNCHES THE FIRST PHASE OF A STRATEGIC PROJECT TO EXPLOIT GAS AND PREVENT ITS FLARING.” Basra Gas Company announced the launch of the first phase of a strategic project in the southern Rumaila field to exploit gas and prevent its flaring. This project will exploit gas from the Al-Quraynat Mishrif and Al-Shamiya Mishrif sites,” noting that “the company has completed the installation of an integrated unit at the first site to process sour gas, and it has now entered into operation after it was supposed to enter operation at the end of next July. However, there is an urgent need to expedite the project in cooperation with the field operator and the contractors working there. Gee Whiz!!!! … can we see the urgency?
Please, please keep all the prayers rolling in. God has not forsaken us. He is only working on his schedule, and he has a plan that he is caring out. If you have been listening to my prophet word section of the Newsletter, than you too can see it. It is all matching up.