Central Bank: Inflation fell by 21% and gold reserves rose by 19% in the first quarter of 2025.

 Central Bank: Inflation fell by 21% and gold reserves rose by 19% in the first quarter of 2025.

A report by the Central Bank of Iraq revealed that inflation in Iraq fell by 21% in the first quarter of this year, and that remittances abroad declined by 0.6%, while the value of gold reserves increased from 17.8 trillion dinars to 21.2 trillion dinars.

The Central Bank's report stated that these statistics covered the first quarter of this year, specifically the months of January, February, and March.

The report indicated that the overall inflation rate in Iraq fell by 21% in the first quarter of 2025, reaching 2.2%, compared to the last quarter of 2024, when the inflation rate was 2.8%. The

Central Bank's report stated that this decline indicates a decline in the general price level and an improvement in the purchasing power of individuals and institutions in Iraq.

The report stated that the volume of Iraqi currency transfers abroad by the Central Bank decreased by 0.6% in the first quarter of this year, reaching 99.9 trillion dinars.

This comparison is with the fourth quarter of 2024, when the volume of foreign currency transferred abroad at that time was 100.5 trillion dinars.

Money transfers abroad in Iraq are linked to the conversion of Iraqi oil revenues into dollars, which the bank provides to importers at the official exchange rate.

The Central Bank of Iraq indicated in its report that this decline played a role in reducing inflation and maintaining the stability of the general price level in Iraq.

The report stated that the total money supply granted by banks to the private sector in the first quarter of this year grew by 1.1%.   link

TNT REPORT: OUR WINDOWS CAME AND WENT

 TNT reports that our windows came and went. Even the window just before his show aired, came and went. 

The next logical window hasn't expired because they're waiting Hawaiian banks to close so no manipulation can occur. 

The CBI didn't post a rate, so "tomorrow is another day". Next window will be overnight tonight. Again Tony said he's about to send everyone to the bank if they don't let this go. There is a bank scheduling people in for tomorrow after 8am. 

He is hoping there will be millionaires and billionaires come tomorrow morning. He said Danny his major Dinar/currencies holder will be getting in excess of 50% interest on his invested monies.

 Tony was told what the minimum investment interest rate was going to be (15%). He said we should get 20-25% easily.

CBI CONTACT: “if the citizens won’t bring the cash into the banks, we will do it for them” #iqd

 

Oil brings distances closer... Baghdad and Kurdistan on the verge of a formal agreement

  Oil brings distances closer... Baghdad and Kurdistan on the verge of a formal agreement

2025-07-08   13:09

The Parliamentary Oil and Gas Committee announced on Tuesday that Baghdad and Erbil have reached a preliminary agreement to end the Kurdistan Region's employee salary crisis. The committee indicated that the agreement may be announced within the next few hours, followed by an official signing and presentation to the Council of Ministers at its scheduled session on Tuesday.

Committee member Sabah Sobhi said in a statement to the official newspaper, followed by Al-Mutala'a, that: "The preliminary agreement stipulates that the regional government will deliver 300,000 barrels of oil per day to the federal government through the National Oil Marketing Company (SOMO), in exchange for the region receiving 46,000 barrels per day for local consumption and refining." 

He added, "It is hoped that the agreement will be announced within the next few hours, to be officially signed and presented to the Council of Ministers at its session scheduled for today." 

This comes 48 hours after Parliament Speaker Mahmoud al-Mashhadani visited Erbil, where he met with regional officials to discuss resolving the disputes between Baghdad and the region. Prime Minister Mohammed Shia al-Sudani and President Abdul Latif Jamal Rashid also discussed the issue of funding the salaries of Kurdistan Region employees on Monday.  link

TIDBIT FROM MNT GOAT

  Mnt Goat    

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. 

Article:  “IRAQ PLANS TO RECEIVE 4 MILLION CONTAINERS ANNUALLY AT UMM QASR PORT .” WOW!...Umm Qasr Port in Basra is undergoing rapid development

...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...

MILITIAMAN: We only expect to see a strong and regional and global status for the country of Iraq!!

 

Inflation In Iraq Has Declined And Its Gold Reserves Have Increased. Expert Explains

 Inflation In Iraq Has Declined And Its Gold Reserves Have Increased. Expert Explains

 
Time: 2025/07/07 21:23:08 Read: 825 times  {economic: Al-Furat News} Iraq recorded a noticeable decline in the inflation rate  in conjunction with the rise in its gold reserves during the first quarter of 2025, in financial and monetary indicators described as positive despite the challenges posed by oil price fluctuations.
 
Financial expert Salah Nouri explained in a statement to {Al-Furat News} that:
 
"The decline in the inflation rate is due to a group of factors, most notably the policy of the Central Bank of Iraq in     controlling the supply of cash for circulation, in addition to  regulating borrowing to finance the private sector at limited rates that contribute to  revitalizing the economy without causing a cash surplus".  

He added, "The decline in global commodity prices had a direct impact, given Iraq's heavy reliance on imports to meet its needs for goods and merchandise,  which was reflected in a reduction in local price levels."
 
As for the increase in gold reserves, the expert attributed it to the Central Bank's policy of diversifying investment instruments   by balancing debt securities in dollars with the purchase of gold,  which is a safe store of value. 

According to him  He stressed that "these policies aim to support and enhance the Central Bank's reserves within its monetary policy orientations." 
 
In the same context, Nouri warned of
"the negative effects of the decline in the prices of exported oil,
     which came as a result of OPEC Plus' decisions to increase production,
     which may reflect negatively on the state's general revenues and
          thus on the implementation of the operational and investment budget items".  

He pointed out that  "the Federal Ministry of Finance has two options in light of this decline: either reduce spending to maintain the deficit rate specified in the budget,  or continue spending and increase the deficit,   which will force the government to resort to internal borrowing". 

The expert said, "This challenge is directly related to fiscal policy, which requires a careful balance between spending and revenues."
 
According to an official report issued by the Central Bank of Iraq, the
Iraqi economy witnessed significant shifts in monetary indicators during the first quarter of 2025.
 
Inflation fell by 21%, while money transfers abroad fell by 0.6%, indicating a relative improvement in the monetary balance and liquidity control.
 
The report, which covered the months of January, February and March, also showed a significant increase in the value of Iraq's gold reserves, rising from 17.8 trillion dinars to 21.2 trillion dinars,  reflecting the Central Bank's reliance on a policy of  diversifying assets and  enhancing safe havens   to protect cash reserves in light of global market fluctuations.
  
https://alforatnews.iq/news/تراجع-نسبة-التضخم-في-العراق-وارتفاع-احتياطه-من-الذهب-خبير-يوضح