KTFA
In a post on Facebook, Al-Obaidy a*****d officials of promoting an “economic illusion” that Iraq can overcome its fiscal crisis without deep reform, even as essential services near collapse, water and food security deteriorate, and financial reserves shrink.
He cautioned that policymakers are likely to choose temporary fixes again, relying on increased cash issuance, more borrowing, or expanded consumption-driven spending instead of structural change.
The next government, he warned, faces a binary choice: either initiate painful restructuring — cutting operating costs, reforming subsidies, and rebalancing public spending — or delay once more and aggravate long-term damage.
“Reform will provoke public anger, but delaying it will make the eventual collapse far harsher,” he said, urging decision-makers to prioritize sustainability over short-term approval.
Iraq’s economy has long depended on oil for over 90 percent of state revenue, leaving the country highly exposed to price fluctuations, while a swollen public payroll, heavy subsidies, and minimal private-sector participation have drained resources without creating sustainable growth.
https://shafaq.com/en/Economy/…..xpert-says
IMO: Frank says that Iraq almost always under-reports their gold acquisitions. With that being the case, did they really only purchase 6 tons of gold in Q3 2025?
Iraq purchases 6 tons of gold in Q3 2025
2025-11-22 05:55 Shafaq News – Baghdad
Iraq added six tons of gold to its reserves in the third quarter of this year, the World Gold Council reported on Saturday.
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The council said global central banks drove gold demand during the quarter after a slowdown in the first half of the year, bringing net purchases to about 220 tons. Despite a nearly 50% surge in gold prices since January and new all-time highs, the report noted that central banks continue to accumulate the metal as a strategic reserve asset.
Iraq’s latest purchase raises its total gold holdings to 170 tons.
Kazakhstan was the largest buyer in the third quarter, adding 18 tons to reach 324 tons in reserves. Brazil followed with a 15-ton purchase in September, lifting its total to 145 tons.
Turkiye increased its official reserves by seven tons, bringing its holdings to 641 tons, while China’s central bank added five tons, the Czech National Bank five tons, and Ghana four tons.
Only two countries reported reductions: Uzbekistan, which cut three tons, and Qatar, which reduced its reserves by one ton.
https://shafaq.com/en/Economy/…..in-Q3-2025
Source: Dinar Recaps
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