Tuesday, July 8, 2025
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.
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.
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