Iraqi Dinar Guru opinions 5-5-2025
5-5-2025 Newshound Guru Militia Man Article quote: “Rafidain Bank… opening to international correspondence channels in preparation for a confident return to the global financial system.” Well they haven’t done that at 1310. Do you think for the life of yourself that they’re going to do that at 1310? If they were why didn’t they do it 20 years ago or in the last 2 1/2 years? …The bank spells it out what they’re about to do and where they’re headed…The banking reform process is ready to return to the rightful position in the international financial system… Read more…
Parliamentarian: Parliamentary consensus on amending the agreement for the withdrawal of US forces from Iraq
5-5-2025
Al-Maalouma/Anbar..
Representative Ibtisam Al-Hilali confirmed, on Monday, that there is a consensus within the House of Representatives on the need to amend the security agreement signed with the United States regarding the schedule for the withdrawal of American forces Read more…
Al-Sudani confirms reform of the banking sector and directs simplification of procedures and encouragement of deposits.
2025/05/05
Prime Minister Mohammed Shia al-Sudani affirmed, on Monday, the continuation of banking reform, while directing bank administrations to simplify procedures and encourage citizens to deposit their money in them.
Al-Sudani’s media office said Read more…
Karkoush expects the budget schedules to be passed in the coming days before the end of the government’s term.
5-5-2025
Al-Maalouma/Baghdad…
State of Law Coalition member Imran Karkoush predicted that the budget schedules will be passed in the coming days before the end of the government’s term, noting the importance of reviewing the price of a barrel of oil as it currently differs from the price Read more…
Sharp criticism of the performance of foreign banks in Iraq: remittance shops with no development plans
2025-05-05 00:04
Shafaq News/ On Monday, the head of the Iraq Future Foundation, economic expert Manar al-Obaidi, criticized the performance of foreign banks operating in the country, noting that they are not much different from some local banks that were once called “remittance shops.”
Al-Obaidi explained in a statement Read more…
Financial crisis or delayed recovery? What awaits Iraqis?
2025-05-05 01:51
Shafaq News/ An Iraqi government advisor reassures that the federal general budget possesses the tools and capabilities to manage the country’s financial life with a high capacity to handle cash flows from oil and non-oil revenues, and maintains a high degree of economic and financial stability Read more…
Rafidain Bank in a new look: Al-Sudani announces a new banking era in Iraq
2025-05-05 04:42
Shafaq News/ Prime Minister Mohammed Shia al-Sudani confirmed on Monday that the government has adopted comprehensive plans for banking reform and contracting with private financial auditing firms, covering all banks. He also indicated that the work of the First Rafidain Bank will be launched with a new Read more…
Exclusive: Iraq continues to import gas and electricity from Iran without interruption.
2025-05-05 05:38
Shafaq News/ A member of the Iraqi Parliament’s Electricity Committee, Dahel Radhi, revealed on Monday that Iraq continues to import electricity and gas from Iran without interruption, despite US sanctions imposed on Tehran.
Radhi told Shafaq News Agency, “The Iraqi government is currently Read more…
To avoid embarrassment with Washington, a “hidden” decision disrupts Iraqi parliament sessions.
2025-05-05 05:23
Shafaq News/ Independent MP Haitham Al-Fahd accused the Iraqi government on Monday of disrupting parliament sessions, revealing the reasons behind the disruption.
Al-Fahd told Shafaq News Agency, “There is a hidden government decision behind the suspension of the parliament sessions. This suspension is to avoid embarrassing Read more…
Ministry of Finance: The Iraqi economy recorded a 5 percent non-oil growth and a decline in the budget deficit.
2025-05-05
Finance Minister Taif Sami stated on Monday that the Iraqi economy recorded a 5% growth in non-oil GDP in 2024, while noting that the budget deficit is low and does not pose a threat to Iraq’s public debt. Sami told the official agency, “A high-level government delegation, including Central Bank Governor Ali Al-Alaq, accompanied Read more…
The Prime Minister chairs a meeting of the heads of the boards of directors of Iraqi banks.
2025-05-05
Prime Minister Mohammed Shia al-Sudani chaired a meeting on Monday with the chairmen of the boards of directors of Iraqi banks to review the banking sector’s performance and enhance its role in supporting the national economy. A statement from the Prime Minister’s Media Office stated that the meeting discussed several Read more…
Iraqi Dinar Guru opinions 5-4-2025
5-4-2025 Intel Guru Frank26 About two years ago Alaq came out on television in Iraq and told the Iraqi citizens, We need to get rid of the black market. Alaq tells the Iraqi citizens, we’re in the process of lifting the 3-zeros. We just saw him say it a couple of days ago…The black market is controlled by who? Iranian politicians. If you get rid of the black market, then you wouldn’t have the dual exchange rates…Official rate and black market rate. That means if you get rid of the black market you can control the exchange rate properly. There is no manipulation because that’s what’s going on now…The next thing you know Alaq comes out and says, we have transferred 95% of the cash payments form the imports to corresponding banks and all we have left is 5%… Read more…
In detail, the Minister of Finance explains the mechanism for converting tax deposits into revenue.
2025/05/04
Finance Minister Taif Sami explained, on Sunday, the mechanism for withdrawing tax deposits and converting them into final revenue.
Sami said in a press statement, “The special account for tax deposits opened at the Central Bank of Iraq in the name of the Ministry of Finance’s Accounting Department, which concerns the amounts collected from taxpayers, most of which Read more…
Economist: Cash liquidity is available, and the currency auction is further strengthening it at banks.
5-4-2025
Al-Maalouma/Baghdad…
Economic researcher Diaa Abdul Karim said on Sunday that Iraqi dinar liquidity is available at banks and the Central Bank, as the currency auction works to boost it domestically.
Abdul Karim told Al-Maalouma, “The currency auction sells approximately $300 million daily, which increases the liquidity in Iraqi dinars, Read more…
Parliamentary Finance: The budget is in effect, but the schedules have not yet reached Parliament.
5-4-2025
Al-Maalouma/Baghdad…
The Finance Committee of the House of Representatives confirmed on Sunday that the government is continuing to work according to the three-year budget approved last year, despite the fact that the 2025 budget tables have not yet been sent to Parliament. The committee noted that the delay is unjustified, but does not Read more…
Economist: Jordan is the biggest beneficiary of Washington’s decisions against Iraqi banks.
5-4-2025
Al-Maalomah/Baghdad..
Economic expert, Manar Al-Obaidi, confirmed on Sunday that the US decision to restrict the operations of a large number of Iraqi banks, under the pretext of smuggling dollars to China and Iran, did not achieve its goals, but rather led to counterproductive results that increased the volume of remittances Read more…
Will the government issue employee bonuses and promotions before submitting the budget schedules?
5-4-2025
Al-Maalouma / Exclusive..
Member of the Parliamentary Oil and Gas Committee, Ali Saadoun, confirmed today, Sunday, that what is being circulated regarding the issuance of promotions and allowances before the budget is included and its schedules are sent to Parliament is an “illegal” procedure, noting that such measures “represent electoral Read more…
Egypt moves to resume importing 12 million barrels of Basra oil annually.
2025-05-04 01:55
Shafaq News/ A government official stated on Sunday that Egypt seeks to resume importing 12 million barrels of Basra crude oil annually from Iraq starting in the third quarter, after a halt that lasted for about a year and a half.
The source told Asharq Al-Awsat that Egypt is in the final stage of negotiations Read more…
Rafidain Bank: There are no indications of any liquidity crisis or banking panic.
2025-05-04
Rafidain Bank confirmed on Saturday that its financial position is strong and solid, with a legal reserve of more than 8 trillion dinars deposited with the Central Bank of Iraq. The bank also indicated that there are no indications of any liquidity crisis or banking panic.
The bank said in a statement: “Rafidain Bank is not just a bank, but a sovereign Read more…
Parliamentary Security: The last US soldier must withdraw next year.
2025-05-04
Member of the Parliamentary Security and Defense Committee, Mohammed al-Shammari, affirmed on Saturday that the last US soldier must withdraw from Iraq next year, in accordance with the agreement signed between Baghdad and Washington.
Al-Shammari said in a press interview that “an agreement was concluded Read more…
