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AN ECONOMIST: THE SLOGAN FOR THE NEXT PHASE SHOULD AIM TO REVITALIZE THE PRIVATE SECTOR
Economic expert Dirgham Muhammad Ali affirmed that the government salary crisis, which is driving operational spending to record levels, is a top priority for the incoming government.
(Mnt Goat: Yes, Iraq desperately needs to move this expenditure to the private sector. They have been talking about this for over 20 years and so why are they still on a socialized welfare system? There is only one answer to this question and that is they are not taking calculated risks and already missed one of the most important moves in 2012-2013, the reinstatement of the dinar. They are now paying the price of missing this move over and over again. But this keeps the corruption moving to Iran while Iraq suffers.)
In a statement to the Iraqi National News Agency ( NINA ), he said, “Economic reform of the current situation begins with supporting the private sector to expand and become the foundation of the labor market, making it more attractive than government jobs.”
He explained that “credit packages and legal and logistical facilitations await the private sector according to the program launched by the incoming government, which must be fundamental and focus on creating a private sector that leads the labor market and reduces state operational spending.” He pointed out that “current expenditures have begun to consume the budget, forcing the government to borrow to cover the spending deficit, which makes the shift towards the private sector a national necessity, not a luxury.”
He stressed that “current spending is the highest in the country’s history due to the increasing number of those receiving salaries and the contraction of development.”
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🚨🇮🇶 IRAQ ECONOMIC REFORM HIGHLIGHTS – PM ZAIDI MESSAGE 💰📈
According to commentary shared by Omar, Iraq’s Prime Minister is now publicly speaking about entering the “next phase” of the country’s economic transformation. 🏦✨
📺 Prime Minister Zaidi emphasized the launch of a “comprehensive economic and financial reform program” aimed at:
✅ Strengthening Iraq’s national partnership
✅ Improving public services
✅ Fighting corruption
✅ Modernizing the financial system
✅ Building a stronger and more stable economy 🇮🇶
💡 One of the most important points mentioned was that these reforms could eventually help give the Iraqi dinar more REAL value — but only if Iraq fully implements the deeper structural monetary reforms taking place behind the scenes. 💵🔍
📊 This is significant because true currency strength is not created by hype or speculation alone. It usually comes from:
🏛️ Banking modernization
💳 Financial transparency
🌍 International compliance standards
📈 Economic diversification
🔐 Stronger monetary policy
⚖️ Anti-corruption enforcement
🔎 Omar points out that the type of reforms being discussed are the same foundational requirements that historically precede a stronger national currency and broader international financial integration.
⚠️ The key takeaway:
Iraq’s leadership appears to be signaling that economic reform is not just talk anymore — but part of a larger phased strategy focused on long-term stability and financial restructuring. 🏗️💰
🇮🇶 The message coming from Iraqi leadership continues to center around:
“Reform first… then stronger financial outcomes may follow.”
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#Iraq 🇮🇶
#Dinar
#EconomicReform
#FinancialReform
#IraqiDinar
#CBI
#MiddleEastEcon
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Omar
On the television we have our prime minister Zaidi. He said we're going to start the next phase. We will see the launch of a "comprehensive economic and financial reform program"that will strengthen our national partnership and focus on improving services and fighting corruption...
He said financial reforms can lead to giving the dinar more real value. But he said only if Iraq actually executes the deeper structural monetary reform behind the scenes...The type of reforms Zaidi is talking to us about are the same one that required before any currency can strengthen.
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THE PRESIDENT OF THE REPUBLIC AFFIRMS THE IMPORTANCE OF SUPPORTING THE PRIVATE SECTOR AS A KEY PARTNER IN ECONOMIC DEVELOPMENT
President Nizar Amidi emphasized the importance of supporting the private sector and enabling it to play its vital role as a key partner in economic development.
The Presidential Media Office stated in a press release: “President Nizar Amidi received today, Wednesday, Abdullah al-Jubouri, Vice Chairman of the Permanent Council for Private Sector Development.”
During the meeting, al-Jubouri provided a detailed explanation of the Council’s work, its responsibilities, and the economic vision it seeks to achieve, in accordance with developmental paths aligned with the state’s development plans, contributing to supporting the national economy and strengthening the private sector’s role in the development process.
The President stressed the importance of supporting the private sector and enabling it to fulfill its vital role as a key partner in economic development, emphasizing the need to create a suitable investment environment and remove obstacles facing businesspeople and investors, thereby contributing to achieving sustainable development, diversifying income sources, and reducing reliance on traditional resources.
He also pointed to the importance of strengthening the partnership between the public and private sectors and supporting economic initiatives that contribute to creating job opportunities and stimulating productive activity, in line with the priorities of economic reform and achieving comprehensive development.
For his part, Al-Jubouri expressed his appreciation for the President’s interest in the private sector, affirming the Council’s continued work on presenting initiatives and proposals that would support economic activity and strengthen the partnership between the public and private sectors, serving the national interest and enhancing economic stability in the country.
(Mnt Goat: Okay so why is it really so important to implement the private sector. WE have remember that the goal for Iraq is to move away from a socialize system where everything was owned by the state and paid by the state. This take time and is not as easy as most think. So, lets’ get rid of all these fancy words as in the article and get down to the basics:
1.The PRIVATE SECTOR can slowly take the burden and pressure off the GOI OF having to pay billions each month in salaries, retirements, etc. As the companies come into Iraq and create employment, they can move these commitments to the private companies. These same companies can also create pension funds to support retirements.
2. The PRIVATE SECTOR can help in the long standing goal of diversification of the country in that these private sector companies can come into Iraq and help develop Iraq’s natural resources like silica and other limited metals needed for industry.
3. The PRIVATE SECTOR can enable sustainability in that when chaos breaks out within the oil market, Iraq is no longer held hostage to the oil prices to service its citizens or marketplace.
4. The PRIVATE SECTOR as time moves on can deliver electricity, water, garbage pickup, etc. and other essential services that are normally by a private sector for a fee, fees paid by the citizens individually for the service. Again this takes yet another set of financial burdens off the GOI. )
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📊 IRAQ CBI UPDATE – FRANK26 COMMENTARY ANALYSIS 🇮🇶🏦 (HIGHLIGHTS)
🔹 Official-style statement reported
🔹 CBI stated position (as presented)
💬 🧠 FRANK26 COMMENTARY – INTERPRETATION
🔸 Tone of skepticism toward CBI messaging
🔸 Exchange rate criticism
🔸 Governor legitimacy / pressure narrative
💱 IMPLIED FRANK26 PERSPECTIVE (IQD NARRATIVE)
⚠️ IMPORTANT CONTEXT
💱 OVERALL TAKEAWAY
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#Iraq #CBI #Frank26 #IQD #AliAlAlaq #CentralBankOfIraq #Forex #IraqEconomy #CurrencyAnalysis #DinarIntel
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Frank26
[Iraq boots-on-the-ground report]
OMAR: On TV CBI governor Alaq says there are no plans for any rapid revaluation or monetary reform from the CBI.
He emphasized they're focused on stability and there's been no mention of changing the rate once the government is seated.
FRANK: Do you have plans for a revaluation? "Well not rapidly." You're a piece of work aren't you [Alaq]...1300 does not stabilize your currency...It doesn't matter how he plays with words, his days are numbered IMO [As CBI governor]...
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Frank26 [Iraq boots-on-the-ground report] OMAR : Iranian-backed television is saying something in Iraqi television. It's own...