Frank26
Why would you put all this money... advertisement ...effort...education for a program rate of 1310?
There's no reason to protect something of no value. But there is a great reason to protect what they are about to give you [Iraqi citizens], purchasing power! ...You know very what's happening.
Iraq’s GDP surpasses $260 billion
Baghdad (IraqiNews.com) – The advisor to the prime minister for technical affairs, Mohamed Sahib Al-Daraji, confirmed recently that Iraq’s gross domestic product exceeded $260 billion.
In a statement to the Iraqi News Agency (INA), Al-Daraji explained that local and foreign investments in Iraq totaled almost $60 billion and the country’s external debt decreased to $9.8 billion.
Iraq has a relatively low foreign debt compared to its GDP, which allows for a new era of external financing under well-considered conditions, according to Al-Daraji.
The Iraqi official indicated that the country’s external debt decreased significantly from $20.9 billion to $9.8 billion.
Al-Daraji highlighted the significance of funding initiatives that are profitable and able to cover their financial obligations, rather than projects focusing on consumer or poorly thought-out enterprises.
Al-Daraji emphasized the need to encourage Iraqi investors in diversifying their assets and noted that the majority of current investments are in the housing and real estate sectors.
https://www.iraqinews.com/iraq/iraqs-gdp-surpasses-260-billion/
Clare
Article: "Al-Sudani's advisor rebukes citizens for storing money at home and calls for investing it”
Quote: "Al-Daraji, the technical advisor to the Prime Minister...there is a large cash mass held by citizens outside the banking system, which makes it economically useless if it remains stored in homes,
calling for “transferring this money to investment projects that contribute to transforming it into assets that support the national economy and enhance sustainable development.”
Salaries Crisis: Iraq presses Kurdistan for employee data
Shafaq News/ The Iraqi Ministry of Finance on Tuesday requested the Kurdistan Regional Government (KRG) to provide information on employees and retirees, under the mechanism set by the Federal Supreme Court, and to transfer non-oil revenues to facilitate salary payments.
In an official letter addressed to the KRG Representation, the ministry requested “payroll funding documents for January 2025 and the completion of data on employee bank accounts as per the Federal Supreme Court’s guidelines.” It also instructed the transfer of non-oil revenues for January 2025 to the ministry’s account at the Iraqi bank.
On Monday, the KRG Ministry of Finance and Economy announced that an agreement had been reached with the Iraqi government to implement Law No. 9 of 2014 regarding employee entitlements.
The issue of salary payments for Kurdistan Region employees has been a longstanding dispute between the two governments.
Difficulties in enforcing the salary distribution law have led to repeated delays in payments and protests across provinces.
Fnu Lnu
[Guru] Militia Man made a comment... Iraq "bought" approximately 10 tons of gold. That they scrounged up some pocket change. He isn't the first person to remark about Iraq having so much money to buy an amazing amount of gold. I know a little inside baseball about
that. When Iraq was attacked under the excuse of "weapons of mass destruction"...The real reason Iraq was attacked was because Saddam had amassed a huge amount of gold over the years. The reason?