💵 “Iraq’s Foreign Reserves Back Strong Dinar Stability – Mazhar Saleh” 🇮🇶✨

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💵 “Iraq’s Foreign Reserves Back Strong Dinar Stability – Mazhar Saleh” 🇮🇶✨

🗓️ Al Furat News – August 22, 2025

🔍 Key Highlights:

💰 Reserves at Exceptional Levels:
Iraq’s Central Bank holds foreign reserves capable of covering imports for 12 months — 4x the global standard of 3 months.

🔄 Exchange Rate Managed at 1,320 IQD/USD:
This controlled rate has helped keep inflation below 3%, signaling price stability and currency confidence.

🏦 Professional Reserve Management:
Reserves are managed through a diversified foreign currency portfolio, following international best practices in banking and investment.

🛢️ Oil Revenues Remain Crucial:
Despite fluctuations in oil prices, Iraq continues to rely on oil to build and sustain strategic currency reserves.

📉 Minimal Inflation, Maximum Control:
Saleh notes Iraq’s current inflation rate is within a “natural break-up range,” ensuring the general price level remains stable and predictable.

📈 Monetary Policy Target Achieved:
Confirmed on Live TV – Announced Exchange Rate: $6.02! – Take Advantage!🔊This reserve level and exchange rate stability represent the highest goals of Iraqi monetary policy, positioning the dinar for further strength.

📣 What This Means for RV Watchers:

✔️ Iraq’s fundamentals are solid and strengthening.
✔️ The dinar is backed by real reserves, not speculation.
✔️ With oil, gold, and external trade alignment, the foundation for revaluation is now visible.