The Sudanese government acknowledges the experience of dollar speculators and counts on SeptemberThe Sudanese government acknowledges the experience of dollar speculators and counts on September link to see this article in full and more go to: My FX Buddies Blog On Sunday, the Iraqi government expressed its hope that the release of budget funds would contribute to reducing the price of the dollar in the parallel market, while it acknowledged that currency speculators have long experience and fraudulent methods dating back to the nineties of the last century.The government spokesman, Basem Al-Awadi, told Shafaq News agency, "The launch of the budget definitely means the availability of funds. Therefore, the funds will be released towards ministries, departments, and general directorates in the governorates, independent bodies, and all state institutions, and this means that there is a large cash flow."Al-Awadi added, "Many financial advisors in the government hope, with the release of budget funds, that next month will be a catalyst for the very large decrease in the dollar exchange rate.

And finally.. 50 days after its approval.. the budget enters into force⁠link⁠ to see this article and more go to:⁠ My FX Buddies Blog⁠The Parliamentary Finance Committee confirmed, today, Saturday, that the federal budget law will enter into force during the current week, pointing out that the budget instructions will be circulated to all ministries. Committee member Thamer Dhiban Al-Hamdani said in a press statement, "The general federal budget for the first time is sent to the State Shura Council in order to scrutinize its items," pointing out that "the budget will be implemented during the current week."

World Bank: Iraq is witnessing a strong recovery ⁠link⁠The World Bank confirmed today, Monday, that Iraq is witnessing a strong recovery after years of turmoil.And the Regional Director of the Middle East Department at the World Bank, Jean-Christophe Carré, said in a statement received by the Iraqi News Agency (INA), that "Iraq is witnessing a strong recovery after many years of turmoil." Carre added, "It is necessary to take measures to accelerate the move towards diversification of economic activity." He continued, "The importance of reforming the banking sector and promoting digital financial services in order to increase financial intermediation activities and enhance financial inclusion."

Ninth in the world.. How much is the market value of Iraq's wealth estimated?⁠link⁠ to see this article in full and more go to: ⁠My FX Buddies Blog⁠The financial advisor to the Prime Minister, Mazhar Muhammad Salih, estimated, on Saturday, the market value of Iraq's resources and their sequence at the level of the countries of the world. Saleh said, in a statement to the official agency, which was seen by Al-Maaloumah, that "Iraq is one of the most important countries in the world, if not at the forefront of nations rich in natural resources or raw materials within the scope of the international classification of resources on the globe." He added, "Iraq is in the (ninth) sequence among the priority of countries in the world that possess natural diversity and economic quantities in the capacity of raw material reservoirs that can be manufactured and exported or national industrial use."