Monday, July 21, 2025
Achievements And Challenges
Achievements And Challenges
Economic 07/20/2025 Yasser Al-Mutawali While the country is witnessing real achievements in various areas of the economic and service sectors, due to efficient reform policies and clear trends toward stimulating the economy and development,
economists are busy these days searching for ways to confront the expected global financial crisis, which is a periodic crisis facing the global economy. Therefore, experts are seeking to mitigate its effects on the reality of the Iraqi economy.
Perhaps it is useful to emphasize that any warnings issued here and there must be taken into account and benefited from, to avoid the damage that may result from them.
Today, the International Monetary Fund (IMF) issued a warning regarding Iraq's worsening fiscal deficit, due to objective reasons related to geopolitical changes taking place around the world, which have painful economic repercussions, according to its latest report this week.
Therefore, it is necessary to focus on stimulating income-generating productive sectors,
while reducing unnecessary expenditures in order to overcome the crisis phase and its usual cycle.
The IMF's warnings called on Iraq to review its spending policy and rationalize it with measures that are difficult to implement, as they raise complex social problems.
In order to preserve and sustain the achievements made, austerity measures must be taken, spending must be reduced, and rapid income-generating economic sectors must be stimulated and diversified.
Regardless of the accuracy of the warnings, it has become necessary not to ignore them and to take them seriously,because they are important indicators whose effects must be guarded against.
We see in them an opportunity for the government to implement more radical reforms in fiscal policy,
to confront the dire effects of the expected financial crisis.
Perhaps it is useful to point out that Iraq, as a rentier country, will be at the forefront of the countries affected and most affected, especially if oil prices fall below the hypothetical price planned for the budget.
This reality requires the government to review current spending plans, reduce all non-essential expenditures, and boost non-oil revenues by revising tax and customs duties, reforming the personal income tax, creating private sector jobs without relying on government jobs, and regulating the import of non-essential goods.
It is perhaps worth emphasizing once again that ignoring the warning, regardless of the accuracy of the information contained in the report,remains a matter that requires serious consideration. https://alsabaah.iq/117658-.html
AJ: 🚨 Dinar Surge! Parallel Market Drops Below 1,400 for 1st Time – Revaluation Getting Closer 🇮🇶💸
AJ
Great News for Iraq's Parallel Market - Declined
It traded below 1,400
for the 1st time 1,397 IQD per $1 dollar.
Big Milestone
60 more IQD to hit official rate 1,320
On Sunday, the US dollar weakened against the Iraqi dinar in both Baghdad and Erbil,
Baghdad’s central exchanges registered a rate of 1,401 IQD per $1. Earlier in the day, the rate stood at 1,403 In local currency exchange shops across Baghdad, the dollar was selling at 1,400 IQD and buying at 1,390 IQD per $1. In Erbil, the dollar was selling for 1,397 IQD and buying for 1,396 IQD per $1.
If you are New Here welcome and I have the best followers, they rock: Just know the parallel Market rate must be the same as the CBI's offical rate 1,320 for Iraq to revalue their currency. The Central Bank's plans to unify the two dollar exchange rates gradually in the second half of 2025
Gradual unification aims to minimize economic shocks, stabilize inflation, and restore confidence in the Dinar currency.
Parliamentary Finance Committee: OPEC informed SOMO that 280,000 barrels smuggled from the region are counted against Iraq's share.
Parliamentary Finance Committee: OPEC informed SOMO that 280,000 barrels smuggled from the region are counted against Iraq's share.
The head of the Parliamentary Finance Committee, MP Atwan al-Atwani, confirmed on Friday that OPEC informed the State Oil Marketing Organization (SOMO) that approximately 280,000 barrels of oil smuggled daily from the Kurdistan Region are counted as part of Iraq's quota.
Al-Atwani said in a televised interview followed by ( IQ ): "The region is smuggling oil and exporting about 280,000 barrels per day in an undeclared manner. A message arrived from OPEC to SOMO stating: 'We are receiving oil from your side. It is true that it is not in your name, but it is your oil.' It is estimated at about 280,000 barrels per day."
The MP pointed out that "our share has been reduced. We are now exporting about 3.2 million barrels per day, but this smuggled oil from the region is counted within the amount allocated to Iraq, and therefore is considered part of the revenue reduction link
MNT GOAT: 🌈 “Stop Wishing on a Rainbow” – Mnt Goat Says Dinar Reinstatement Is Closer Than You Think! 🇮🇶💥
Mnt Goat
...As investors in the dinar, we have to fully understand here what is going on and stop wishing on a rainbow for the RV...it is coming and sooner than you think, I assure you! ...
When the time is ready for the reinstatement it will kick off with the Project to Delete the Zeros, then monitor for inflation and then if all goes well they will move to reinstate the dinar back to FOREX.. .
Today’s articles once again only confirm what I have been hearing from my CBI contact and what other past articles have told us...
Since 2011 there was a vision developed for Iraq and it took years to push Iraq in the direction needed, if they ever wanted to get their currency back. But this is the time and we are watching this vision play out...
Even though the vision for Iraq has changed since the Dr. Shabibi time, the process to move the currency back to FOREX has not.
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