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📈 Iraq's Economy Enters a New Era: Inflation & Exchange Rate Finally Stabilized! 🇮🇶💰
Unemployment Drops, Dinar Holds Strong, and Price Stability Achieved — For the First Time in Decades!
📢 Breaking:
According to Mazhar Mohammed Saleh, financial advisor to the Prime Minister, Iraq is now seeing unprecedented economic stability, thanks to successful monetary policy and government support programs.
🔍 What’s New & Why It Matters
🧊 Inflation Under Control
For the third consecutive year, Iraq’s annual inflation rate is below 3% — staying within the "natural range". That’s a major milestone in economic reform and price stability.
💵 Dinar Remains Stable
The official exchange rate (1,320 IQD per USD) is holding strong. Iraq has also minimized the impact of the parallel market, maintaining consumer confidence in the dinar.
📉 Unemployment Drops
Unemployment has fallen from 17% to about 14%, showing that job creation is catching up with economic growth.
🌾 Government Spending That Works
Strategic subsidies — including:
Agricultural support
Food & medicine baskets
Fuel & electricity aid
Tax and customs exemptions
Together, these programs make up 25% of Iraq’s public spending, or 13% of GDP — helping shield citizens from global price shocks.
🏗️ Price Defense via Trade Policy
The gov’t is expanding co-op stores with fixed prices for essentials and construction materials — a smart move to prevent inflation.
🌍 Unexpected Side Effect: Exports Rising
Thanks to Iraq’s price stability, some goods are now being exported to neighboring countries. While limited, it signals Iraq is becoming a regional pricing anchor.
💸 Cash Income Rising
The result? A real price boom — not just numbers on paper. The positive effects are being felt across Iraq’s economy, improving day-to-day life for citizens.
🌟 What This Means for Iraq
✅ Inflation is no longer out of control
✅ Dinar value is holding — critical for future reforms
✅ Citizens are benefiting from smart fiscal policies
✅ Iraq is finally turning a corner economically
“This is a remarkable development, unprecedented in the past ten years.” — Mazhar Saleh
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