IMF: Iraq Has Maintained Stability And Inflation Is Low

 IMF: Iraq Has Maintained Stability And Inflation Is Low

 
July 19, 2025 Baghdad/Iraq Observer  The International Monetary Fund confirmed on Saturday that
Iraq has succeeded in maintaining its internal stability despite regional tensions, while noting that the  
inflation rate in Iraq has remained low.
 
The IMF stated in a report reviewed by Iraq Observer that “Iraq has succeeded in maintaining its internal stability despite  regional tensions and unstable global conditions,” noting that “the inflation rate has remained low in Iraq,” stressing “the need to   implement fundamental reforms to increase non-oil revenues and  control the public wage bill,” indicating that “current and investment spending plans for 2025 should be reviewed.” He stressed that
 
"it is necessary and urgent to reform the public pension system by  raising the retirement age and  reducing the accumulation and replacement rates," praising "the 

Read also: IMF EXECUTIVE BOARD CONCLUDES 2025 ARTICLE IV CONSULTATION WITH IRAQ

Central Bank of Iraq's  success in fully transitioning to the new trade finance system and its  contribution to narrowing the gap between the official and parallel exchange rates." 

The Fund stated that  "the Central Bank of Iraq has begun studying reform options to strengthen the private banking sector," stressing, "We encourage Iraq to accelerate its efforts to improve the issuance and collection of electricity bills." 

He explained that "progress has been made in  implementing the National Anti-Corruption strategy and   improving the Corruption Perceptions Index," adding that "it is essential to focus on  bridging the most pressing statistical gaps and  integrating pilot initiatives."    https://observeriraq.net/صندوق-النقد-العراق-حافظ-على-استقراره-و/  

MIKE BARA: “10 Days to Financial Shockwave: Dinar, Dong, Gold & GESARA Incoming 💥💰”

 Mike Bara – News Update:

…Another contact (I won’t say who) had a long conversation with their boss. This boss is directly connected to the U.S. Treasury. He’s not a Treasury employee, but he has been in meetings where very important people were present. I’ll let you imagine who that might be.

Here’s what he said — and I’m going to relay it pretty much word for word:

In the next 10 days, we will see the following (in no specific order, so we don’t know what happens first — though we all suspect Iraq will go first):

What you can expect in the next 10 days:

• The U.S. dollar will be gold-backed,

• The Iraqi dinar will go,

• The Vietnamese dong will go,

• Bonds will go,

• The QFS (Quantum Financial System) will launch,

• GESARA will come into effect,

• Med Beds will begin operation,

And you can also include:

• The Venezuelan Bolívar,

• Zim Agro,

• Zim.

I went back to confirm, and he reaffirmed: everything will go, everything will happen at once.
When it happens — it all happens together.

🙏🙏🙏💵💵

DINAR REVALUATION REPORT: “Dinar Ready to Explode? XRP Lined Up to Catch the Surge! 🚀💵”

 

Hard Currency Is Being Drained With The Blessing Of The National Bank. Experts Warn Of A Catastrophe That Will Cripple The Iraqi Economy

 Hard Currency Is Being Drained With The Blessing Of The National Bank. Experts Warn Of A Catastrophe That Will Cripple The Iraqi Economy.

Economy     2025-07-19 | 06:10  1,903 views   Alsumaria News – Economic   Bank's monopoly 
The National on dollar transfers has sparked widespread controversy in Iraqi economic and commercial circles, amid accusations that it dominates foreign currency sales and transfers, threatening the principle of fair competition and increasing pressure on the local market.  

Observers believe this monopoly has contributed to rising exchange rates and limited options for traders and citizens.
 
Meanwhile, financial experts assert that the lack of effective oversight and the overlapping interests of influential parties have given the bank near-absolute control over the dollar's movement. 

Observers noted that  almost complete monopoly "the National Bank, with the support of influential parties,   was able to obtain near-exclusive control over foreign remittances from Iraq,  while a number of Iraqi banks were restricted and barred from accessing the electronic remittance platform."  

He added, "This monopoly is not merely technical in nature, but is also due to pressure from political backgrounds and influential figures with ties to the bank's senior management, raising concerns about administrative and financial corruption."

Read also: APIKUR SPOKESPERSON CALLS FOR SWIFT ACCOUNTABILITY & CLEAR PAYMENT STRUCTURE

 
The Impact Of Monopoly On The Market And Iraqis
 
This, according to experts, confirms the weak competitiveness of Iraqi banks.
 
Reducing the profit margin and development opportunities for local banks, due to their being barred from participating,weakens their ability to provide local services or improve their infrastructure.
 
It also leads to a deterioration in services for beneficiaries, as transfer and deposit transactions have been subject to   repeated delays and postponements,   substandard customer service, and complaints of electronic system outages and  erratic transfers.  

They continued,  "The manipulation of remittances also leads to a drain on hard currency, as the National Bank is estimated to be transferring huge sums of dollars abroad,  taking advantage of exchange rate differences and dollar auctions without adequate oversight." 

They noted that "there are huge economic losses estimated at billions of dinars annually
     —such as 7.5 billion dinars stolen from Iraqi profits and sent directly to Amman
     —that are draining the Jordanian economy."
 
Dividend Distribution – Who Benefits?
 
The National Bank of Iraq (NBI) achieved huge profits following the acquisition; its net profit after tax for 2023 reached approximately 190 billion dinars,  compared to 27.5 billion dinars in 2022.

Revenues from the currency window  also increased 26-fold to approximately 93 billion dinars,  67% of which is transferred to non-Iraqi entities.

External destination: A large percentage of these profits go to Jordan,  according to representatives and experts, and  are added to the budgets of the parent companies, representing  a clear drain on liquidity and foreign currency in excess of the local markets' needs.
 
The Size Of The Monopoly And The Impact Of The Law
 
waived Article 107 of the Banking Law any limits on foreign investor ownership (up to 100%),
enabling foreign-owned banks to dominate, while such licenses are practically prohibited for Iraqi banks.
 
granted The Central Bank licenses and controlled currency auctions in a non-transparent manner, and
amended laws to support the interests of certain parties at the expense of national financial sovereignty.
 
Supervisory Calls
 
Observers called for "an urgent parliamentary investigation into the procedures that led to the
National Bank's leadership,   documenting financial transactions,  identifying the parties involved,  reviewing the banking law and amending Article 107 to end foreign control and  enable Iraqi banks to compete, as well as abolishing the monopoly currency window and  replacing remittance distribution with a transparent system managed by the  government   or a unified platform without the control of a private bank."   

They stressed the "need to refer the National Bank to direct oversight by the Central Bank, strengthen monitoring of transfers and the exchange rate, and impose penalties on violators."
 
The National Bank of Iraq's ongoing monopoly over foreign remittances   negatively impacts the national economy and  leads to the transfer of huge profits abroad.
 
This has prompted calls for  parliamentary action to investigate the matter through judicial and legislative means, as well as for  fundamental reforms to regulatory institutions and the banking system.  Experts stated that "Iraqi depositors are the losers in this financial game, while dinars and hard currencies are being siphoned off under the guise of legal transfers."      
https://www.alsumaria.tv/news/economy/534072/العملة-الصعبة-تُستنزف-بمباركة-المصرف-الأهلي-خبراء-يحذرون-من-كارثة-تشل 

MILITIAMAN: "Iraq’s Quiet Revolution: From Oil to Digital Gold – Militia Man Breaks It Down 💥"

 Militia Man 

 Iraq is not just oil anymore.  It's about non-oil resources...That includes banking,  banking restructuring. .

.professional institutions like Oliver Wyman and Ernst and Young that have been working with Iraq for many  years

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...

That's why I'm so bullish and why I keep doing this. 

 I totally believe 100% that Iraq is going through a digital  transformation.  I believe Alaq is...going to delete the zeros from the exchange rate.  The project still exists...All of these  things are coming into play.  

Mike Bara: Global Reset Incoming – Dinar, Dong & GESARA About to Activate! 🌍💣”

 

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 

Read also: BETWEEN IMF RECOMMENDATIONS AND BAGHDAD’S AMBITIONS… IRAQ PLANS A NEW ECONOMY

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