AJ 📢Breaking! A MUST READ👇 If you are a Dinar Investor.

 AJ

Breaking! A MUST READ If you are a Dinar Investor. 

Iraqi economic & banking expert Samir Al-Nusairi new book Is out now, Iraq’s economic future!

BTW Chapter 5 he addresses the relationship between the official CBI rate and parallel dollar exchange rates! Chapter 1: Foundations of Monetary Stability In the first chapter, he was able to conduct a precise and comprehensive analysis of the opportunities, challenges, and steps taken by the Central Bank of Iraq to pursue monetary stability, while reviewing the foundations of monetary policy for the years (2023-2024), so that he (CBI) can complete the banking reform process in 2025 in the new book. This chapter dives into the Central Bank of Iraq’s efforts to achieve monetary stability during 2023-2024, setting the stage for 2025 to complete the banking reform process. Chapter 2: Digital Transformation & Electronic Payments The second chapter comprehensively covered electronic payments, linking digital transformation with the development of electronic payment programs, along with activation projects. It intelligently explored the relationship between current and future payment system development projects, and provided an assessment of the relationship between this effort and information assessment, cybersecurity, and artificial intelligence. This chapter explores Iraq’s transition from a cash-based to a digital economy, emphasizing electronic payment systems. Moving to a digital economy is a game-changer for Iraq, improving efficiency and transparency in banking. Chapter 3: CBI’s Third Strategy In the third chapter, he focused his efforts on the Central Bank of Iraq's third strategy, defining the strategy's objectives and reform methodology, and addressing key issues such as regulating foreign trade financing, lending strategy, foreign reserve management and hedging policies, improving investment, and sources of monetary policy. In this chapter, Al-Nusairi was able to link the many banking areas and activities addressed by the reform plan. This chapter explans how these strategies interlink to create a robust banking reform plan. BTW I have posted in the past the CBI Third Strategy 2024-2026 Chapter 4: Government & Global Support Chapter Four discusses how government support for the banking reform project can be provided, as well as the International Monetary Fund's support for the reform plan, with a focus on international economic relations and the government and Central Bank of Iraq's vision for the comprehensive banking reform process. Key points, Collaboration between local and global entities to drive Iraq’s banking transformation. Why? External support is crucial for Iraq’s reforms to succeed, ensuring alignment with global standards. Chapter 5: Exchange Rates & Financial Confidence In the fifth chapter, he addresses the causes of exchange rate fluctuations and recovery measures, emphasizing the relationship between the exchange rate, the financial and banking reform process, the relationship between the official and parallel dollar exchange rates, government decisions, and strategies for enhancing confidence in the banking sector. This chapter focus on how exchange rate stability ties into broader financial and banking reforms. The gap between official and parallel dollar exchange rates.(BTW the CBI plans to end the parallel market in the 2nd half of 2025) Why? A stable exchange rate builds public confidence and supports Iraq’s economic growth. This New Book 2023-2025 by Iraqi economic & banking expert Samir Al-Nusairi is out now, published by Balit Center in Baghdad! Deposited at the National Library, this is his 13th book in a 20-year career in banking and consulting Al-Nusairi, with 30+ years in economic institutions and 700+ published articles, offers a precise, scientific look at Iraq’s monetary and financial stability. Praised by CBI Governor Dr. Ali Mohsen Al-Alaq and Professor Dr. Khalil Muhammad Hassan Al-Shamaa, this book is a must-read for anyone interested in Iraq’s economic future!

FIREFLY: K2's Role in Iraq's @DINARREVALUATION #iraqidinar #iqd #iraqidinarinvestor

 

FRANK26: "1 TO 1 HERE WE COME!!!"

 KTFA

FRANK26: "1 TO 1 HERE WE COME!!!"......F26

Government advisor: Three factors have stripped the parallel exchange market of its price influence and diversified our financial reserves.

 

  
7/7/2025
 

The Prime Minister's economic advisor, Mazhar Mohammed Salih, confirmed that the stability of the price structure and the decline in annual inflation rates in Iraq are the result of the success of three integrated economic policies that worked in a coordinated manner within the framework of the state's general economic policy.

 

Saleh told Al Furat News that "the fiscal policy has contributed significantly to supporting prices through the general budget, whose expenditures constitute more than 13% of the gross domestic product," noting that "this support has been reflected in expanding social safety nets through food baskets, fuel price subsidies, and support for farmers, in addition to providing wide-ranging government services."
He added, "Monetary policy, in turn, has achieved tangible success in maintaining the external value of the dinar by controlling domestic liquidity levels through the introduction of electronic payment systems and increasing demand for foreign currency at local banks via their correspondents abroad. This has contributed to reducing financial transfer times and implementing compliance rules related to money movement risks."
Saleh pointed out that "the third of these policies was price defense through the establishment of a hybrid market network, which provided a wide supply of goods at stable prices and directly impacted the local market by creating price competition that reduced opportunities for speculation. As a result of these three factors, the effects of the parallel exchange market (the black market) were neutralized, especially with regard to generating inflationary expectations, the effects of which gradually faded," he said.
He explained that "there are commodity stocks available to the state and the private sector, some of which have a shelf life of three to five years, particularly with regard to spare parts and durable goods, which enhances market stability in the medium term."

Regarding the increase in gold reserves, Saleh explained that "this is a successful monetary policy tool for diversifying Iraq's foreign reserves portfolio," noting that "gold represents a safe haven against fluctuations in global exchange rates and interest rates." He added that "this diversification, which includes various foreign currencies and monetary gold, is based on precise international standards to protect the country's assets from value fluctuations between currencies."

Regarding the impact of OPEC+ decisions, Saleh emphasized that "Iraq is part of the international consensus within the organization regarding oil production levels, and that the national oil policy enjoys significant flexibility that enables it to maintain export levels within Iraq's quota, thus mitigating the impact of lower oil prices on public revenues."

In this context, he noted that "Triennial Budget Law No. 13 of 2023 includes flexible financial tools to address any emergency gaps through the possibility of resorting to bridge borrowing from the local financial market, supported by a monetary policy that provides sustainable liquidity through open market instruments, in accordance with the provisions of the Central Bank of Iraq Law No. 56 of 2004."

The advisor concluded his remarks by emphasizing that "the economic stability Iraq is witnessing today is the result of the integration of fiscal, monetary, and pricing policies into a unified framework that promotes sustainable development and supports the implementation of the government's program and comprehensive economic reforms."

Raghad

LINK

TIDBIT FROM MARKZ: Banking contacts think we are very close !!

 MarkZ   

[via PDK] ...Banking contacts think we are very close - just waiting on a final agreement…but believe it is very close. 

Our regular article from Saleh: “Advisor to the Prime Minister: Monetary Policy has succeeded in stabilizing prices and curbing inflation”  He says “We are in great shape.”

Article:  “The coming hours may witness the signing”  This is about the Erbil/Baghdad oil agreements . There is a lot of back and forth right now.

 But articles are saying they have worked through the issues and signing is imminent. We saw this same kind of back and forth in Kuwait. 

FRANK26: "SUDANI TAKES FULL CONTROL OF IRAQ'S OIL!!!"

 KTFA

FRANK26: "SUDANI TAKES FULL CONTROL OF IRAQ'S OIL!!!".........F26

Shafaq News publishes the text of the Baghdad and Erbil agreement papers on revenues and salaries.

7/8/2025

 

 - Baghdad

Shafaq News Agency publishes the text of the two agreement papers between the governments of Baghdad and Erbil, which were discussed by the Iraqi Council of Ministers during its session held today, Tuesday. The agreement is part of efforts to resolve outstanding financial issues between the two parties, particularly those related to revenues and expenditures under the federal budget law.

A delegation from the Kurdistan Regional Government arrived in Baghdad on Monday for the second time in two weeks, carrying the region's response to the proposals recently presented by the federal government. This is a prelude to direct negotiations on the proposals, amid expectations that a vote on the final version of the agreement will be held during the cabinet session.

According to a Shafaq News Agency correspondent, the two papers include details regarding the region's transfer of its oil and non-oil revenues, as well as the organization and localization of its employees' salaries, in compliance with Federal Court rulings and the General Budget Law.

Earlier today, the Prime Minister's media office announced that Mohammed Shia al-Sudani had directed the formation of a committee headed by the Deputy Prime Minister and Minister of Planning, and including the Ministers of Construction and Housing, Higher Education, Justice, and Health, to discuss the two papers with relevant authorities in both governments.

The committee is scheduled to submit its recommendations to the Cabinet for an appropriate decision as soon as possible.

KRG NOTIFICATION : WE WILL ALLOW BAGHDAD 48 HOURS TO MAKE A DECISIION REGARDING THE ISSUE OF FUNDING THE KURDISTAN!!

The KRG has notified the US that they will only allow Baghdad 48 hours to make a decision regarding the issue of funding the Kurdistan

Region's civil servant employees salaries, The New Region has learned

Erbil informed Washington of alternative options they will have to pursue should this deadline not be met!!!

IRAQI BANK FRIEND AKI UPDATE: I have to go back because we're waiting for the new rate!! #iqd