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An international desire to invest in Iraq and three countries hold meetings in this regard link Thursday, Trade Minister Atheer Al-Ghurairi revealed a wide welcome and international desire to increase investments inside Iraq, while confirming the holding of meetings with 3 countries in this regard. During his participation in the 113th session of the Economic and Social Council, which was held at...

Electronic payment... Money is hoarded in homes and education is not at the required level link to the MYFX Buddies Blog Not long ago, Iraq took the first steps towards attempts to activate the  electronic payment  system . These steps began by localizing employee salaries, and then installing  electronic payment devices  in several places, including gas stations. However, many experts and special...

Senior Congress and Pentagon officials met. The Kurdistan Region Presidency delegation link The Presidency of the Kurdistan Region announced today, Saturday, that its delegation concluded its visit to the United States of America after holding a series of meetings and encounters with senior government officials in America. The Presidency pointed out that its delegation received America’s assurance...

Al-Alaq: All importers and traders can obtain the dollar at the official rate link This episode contains a hodgepodge of news that happened last week up until today. I've been away but I'm back. According to Iraqi and American officials, Iraq prevented 14 banks in July 2023 from conducting dollar transactions as part of a broader campaign aimed at reducing the smuggling of dollars into Ira...

Prime Ministers that Iraq will not be an arena for conflict and are pursuing banking reform link  "The two presidents discussed the developments taking place in Iraq and the region," noting that they "stressed the importance of Iraq not being an arena for conflict, and the necessity of working to perpetuate everything that preserves the country's sovereignty, stability, and secu...

Al-Nusairi identifies the causes of exchange rate fluctuations and recovery measures link Advi sor to the Iraqi Private Banks Association, Samir Al-Nusairi, identified the reasons for the fluctuation of the exchange rates of the Iraqi dinar against the dollar in the local market as a  lack of control over the regulation of trade financing internally and externally and the lack of a clear trade pol...

Parliamentary Economy indicates the risks of the “parallel market”: “important” sessions with the Central Bank next week link The Parliamentary Economics Committee pointed out the dangers of the “parallel market,” while revealing “important” sessions with Central Bank of Iraq officials next week in order to coordinate and support the market.  Parallel market risks Today, Tuesday (January 23, 2024)...

Al-Sudani: We are facing a new Iraq economically link Al-Sudani: We are facing a new Iraq economically Prime Minister Muhammad Shiaa Al-Sudani in the dialogue session within the work of the Davos Economic Forum held in Switzerland:   The Iraqi people emerged victorious over the adversities that faced the country over the past years  We are trying to take steady steps in the areas of providing job...

Maintaining the exchange rate... Parliamentary Finance determines the variables of the 2024 budget link Today, Wednesday, the Parliamentary Finance Committee confirmed t hat the exchange rates of the dollar  and a barrel of oil  will be maintained in the budget for the current year 2024. Committee member, MP Hussein Moanis, said in a statement to Al-Maalouma, “The government kept calculating the p...

Iraq returns to the World Trade Organization 14 years after its expulsion or not link Iraq  is preparing  for a major change in the trade file with the countries of the world and is preparing to exceed the limits set for Iraqi goods, with its return to the World Trade Organization 14 years after it was expelled as a result of its failure to adhere to the organization’s meetings. The head of the Ki...

UK Firms introduce new Banking Systems at National Bank of Iraq link   you can look each one of these up and see what they do too  The National Bank of Iraq (NBI) has announced the introduction of three new banking systems. According to Izzidin Abusalameh, Group Chief Operating Officer of Capital Bank of Jordan (majority shareholder of NBI), trade finance operations will be enhanced with the help...

Sudanese Advisor: Exchange rates will reach 135 thousand per 100 dollars soon link Prime Minister Muhammad Shiaa Al-Sudani stressed today, Sunday, the importance of using electronic card payments, while noting that it is a basic pillar of economic reform. The Prime Minister’s Media Office stated in a statement received by Earth News, “Prime Minister Muhammad Shiaa Al-Sudani chaired a meeting devot...

Central Bank of Iraq: Decisions to support the dinar against other currencies... soon link today, Friday, revealed anticipated measures and decisions to support the dinar and maintain its strength against other currencies, and other measures that will positively affect the exchange rate, while indicating that it has taken measures in the field of gradually ending the electronic platform

From the dollar to the dinar... Iraqis complain about the deterioration of their salaries link “I have been waiting for about four months to receive my full salary from the bank, but every time I receive half of it and have to wait two or three weeks until I receive another payment,” says Sakar Mustafa, an Iraqi journalist who works independently with international institutions. She explains to “ ...

Iran announces the start of settling its country's exports to Iraq in its national currency, the riyal link The Governor of the Central Bank of Iran confirmed the start of a project to settle the country's exports abroad in the national currency, the riyal. On the sidelines of the meeting of the Government and Private Sector Council in Khorasan Razavi Province (northeastern Iran), Muhammad...

An economist speaks passionately about the fate of the “ancient” Iraqi dinar against the dollar link Economic researcher, Ziyad Al-Hashemi, said on Tuesday that the Iraqi government and the central bank have exhausted and weakened the value of the Iraqi dinar in a difficult journey with the dollar. Al-Hashemi stated in a post on the “X” platform, that “ the currency that rebounds against the dolla...

Iraq in the year 2024 may exceed the current year, amid expectations of an increase in the exchange rate... link Member of the Parliamentary Finance Committee, Mudar Al-Karawi, identified three factors that control Iraq’s budget for the year 2024. Al-Karawi said in a press interview seen by “Taqaddam” that “the volume of actual and total spending for Iraq in the year 2024 may exceed the current ye...

New Guides to Investment in Kurdistan Region of Iraq link The Kurdistan Regional Government (KRG) has issued two new guides to investment in the Kurdistan Region of Iraq (KRI): Doing Business In Kurdistan Region: This guide has been prepared to provide an overview of the KRI, it's economy and way of life, and introduces the financial, legal, and tax issues that are important for those consider...

2024 Is it the year of economic rescue For Iraq? link A few days and a page in the life of time has turned. A year of attempts to correct the blurry picture of our national economy ends, to be followed by a year that we hope will be a year of rescue. Economic from the structural distortions that afflict the Iraqi economy. The axiom that we economists rely on in our readings of the economic scene i...

The Iraqi dinar is a national issue ... Again link Your purchase in dinars enhances the ability to achieve sustainable development see the ad they are running on tv Encouraging the local currency and dealing with it in light of the current economic conditions that the country is experiencing is an important issue, especially with the government’s intention to “strengthen” the Iraqi dinar against o...

The Governor of the Central Bank chairs the first meeting of the Iraqi National Payments Council link   they tweeted this as well His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired the first meeting of the Iraqi National Payments Council after its restructuring. During the meeting, which was attended by officials from the Central Bank and representatives of th...

Economic policy in Iraq is moving towards implementing the principle of monetary sovereignty link Saleh told the Iraqi News Agency (INA): “Economic policy in general and monetary policy in particular are moving towards a new principle called (monetary sovereignty), which considers the Iraqi dinar the only refuge for exchange, pricing, and coverage of internal transactions.” He added, "It is n...

 Central Bank Governor: We agreed with America to leave the electronic platform at the end of the year link Coordination with the Treasury and the Federal Reserve Today, Friday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, announced the start of importing dollars into the country through the accounts of Iraqi banks abroad, and while he indicated the end of the procedures for opening acco...

The dinar begins its “recovery journey” against the dollar Unshackling the Iraqi dinar link The Iraqi dinar continues to recover against the US dollar in the local markets in light of the continued government measures to close the price difference, as the decline reached the limits of 158 thousand per 100 dollars, at a time when experts expected that this decline is “temporary.” Yesterday, Tuesday...

Economist: There are no changes in the government program, and the official dollar rate will continue for 3 years link Economist Bassem Jamil Antoine believes that the official exchange rates for the dollar will continue for three years. Antoine told {Al-Furat News} that: “The official exchange rates for the dollar are stable now, and once the budget allocations are released, the unofficial rates...