💸 Iraq Hits Historic Economic Milestone: Inflation & Exchange Rate Stabilized 🇮🇶📊

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💸 Iraq Hits Historic Economic Milestone: Inflation & Exchange Rate Stabilized 🇮🇶📊

Monetary Policy Wins Big as Prices Hold Steady & Unemployment Drops!

📢 BREAKING:
Iraq’s financial advisor to the Prime Minister, Mazhar Mohammed Saleh, just announced that Iraq is enjoying its most stable economic era in recent history, thanks to strong monetary policy and government support programs.

🔍 Key Takeaways from the Report

📉 Inflation Under Control
For the third year in a row, Iraq’s annual inflation rate remains below 3%

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, placing it firmly within the “natural price range.” This is the clearest sign yet that the country's economic policies are working.

💪 Stable Prices + Rising Growth
Iraq is seeing high economic growth without the usual price hikes. This balance is rare — and a strong signal of effective financial leadership.

💰 Dinar Holding Strong
The official exchange rate of 1,320 IQD per USD is being defended successfully, keeping the parallel market in check and protecting purchasing power.

📉 Unemployment Is Down
Unemployment has dropped from 17% to 14%, highlighting the job-creating impact of government economic and fiscal reforms.

🌾 Smart Government Support

Grain subsidies
Food & medicine baskets
Fuel & electricity aid
Tax and customs exemptions

All of this represents 25% of public spending and 13% of Iraq’s GDP, forming a key pillar in the fight against inflation.

🛒 Stable Consumer Prices
Iraq’s trade policies are helping keep consumer and construction goods affordable through cooperative pricing — enhancing economic stability and supporting households.

🌍 Unexpected Side Effect:
Price stability in Iraq has even encouraged small-scale exports to neighboring countries, who are benefitting from Iraq’s controlled prices — a new dynamic for the region.

📈 Bottom Line:
This is the most stable economic phase Iraq has seen in over a decade, according to Saleh. The positive effects are now clearly visible in cash income, job creation, and consumer confidence.