AN EXPERT WARNS OF THE US FEDERAL RESERVE’S RESTRICTIONS ON IRAQ’S FINANCIAL AUTONOMY

 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.”

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”.)

MNT GOAT : "US NETWORK REVEALS TRUMP'S STRATEGY IN IRAQ - URGENT."

MNT GOAT

"US NETWORK REVEALS TRUMP'S STRATEGY IN IRAQ

- URGENT."

"It appears that the American president has a strategy centered around two aspects:

1. Through the first, he is trying to force Iran to negotiate by imposing multiple pressures on it, and thus its influence in Iraq."
2. "The second aspect of Trump's strategy is an attempt to draw Iraq closer to the Western, and specifically American, sphere of influence, and to reduce Chinese and Russian influence in Iraq, thereby reducing the influence that is now growing in the region."

"Trump is also attempting to achieve these goals by threatening economic sanctions against the government in Baghdad and using Iraq's relationship with Iran as a means of pressuring the Iraqi government. Join Mnt Goat as we explore Trumps's policy towards Iraq. What will it bring us?

Their words not mine.....

ZIM Holders' Secret Exchange Protocol Revealed!!! ‪@DINARREVALUATION‬ #iraqidinarinvestor

 

EXPERT WARNS: IRAQ’S FINANCES ARE UNDER “AMERICAN PRESSURE”… AND THE GUARDIANSHIP ENDED IN 2022

 EXPERT WARNS: IRAQ’S FINANCES ARE UNDER “AMERICAN PRESSURE”… AND THE GUARDIANSHIP ENDED IN 2022.

Economic expert Ahmed Abdel Rabbo called on the Iraqi government to review the international legal framework for depositing Iraq’s funds in the US Federal Reserve, stressing that continuing to work under Security Council Resolution No. 1483 issued in 2003 is no longer justified after the reasons for which the “Development Fund for Iraq” was established have ended.

In a statement to “Jarida Platform,” Abdul Rabbo said , “In 2021, Iraq paid the full $52.4 billion in compensation for the invasion of Kuwait, and in 2022, the Security Council approved Resolution 2621, which officially ended the international claims file and closed the United Nations Compensation Commission, which removes the main legal cover for keeping Iraq’s funds under direct American supervision.”

He added, “Despite this development, the United States continues to exert economic pressure by restricting dollar transfers from Iraq’s account in New York, causing disruptions in the foreign exchange market and unstable increases in the dollar’s exchange rate against the dinar.”

Abdul Rabbo stressed the need for the Iraqi government to “take the initiative to request a review of Security Council Resolution 1483 and work to diversify foreign reserves, as countries that rely on a currency basket are less vulnerable to the risks of dollar fluctuations.” He called for “the formation of a currency basket comprising no less than 20% of the total reserves, which exceed $100 billion.”

He pointed to the importance of “establishing a sovereign wealth fund to invest oil surpluses under independent and transparent management, similar to Norway’s experience, to achieve sustainability for future generations and reduce the need to hold cash abroad.” He explained that “developing the local financial system, accelerating digital transformation, strengthening the role of private banks, and activating financial hedging tools are urgent priorities.”

At the end of his remarks, Abdul Rabbo emphasized that “achieving Iraq’s economic sovereignty requires unity in political and diplomatic decision-making, and clear parliamentary support for the government in any international financial negotiations, particularly with the Security Council and the International Monetary Fund,” noting that “Iraq is not a poor country, but a rich one.”

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