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Ministry of Finance: The dollar exchange rate has not yet been determined; the proposed rate ranges between 1400 and 1500 dinars. The Ministry of Finance denied on Sunday that a specific exchange rate for the US dollar had been set … Continue reading →

Economist: Raising the dollar exchange rate in the budget requires legislation, and current statements are merely testing the waters. Economic researcher Ali Tamr confirmed on Tuesday that the proposal to raise the dollar exchange rate within the budget comes as … Continue reading →

Al-Zaydi: Five factions have agreed to hand over their weapons, and Iraq aims to produce 10 million barrels per day. Prime Minister Ali Faleh al-Zaidi praised on Monday the tribes’ supportive stance towards the state and their contribution to maintaining … Continue reading →

Iraq contributed to the recovery of Gulf oil exports during September. Data from Vortexa and Kpler showed that crude oil and condensate exports from the Gulf countries recovered during September, supported by increased shipments from Saudi Arabia, the UAE and … Continue reading →

Economic warning regarding MPs’ statements: They will increase market and dollar instability in Iraq. Economic expert Abdul Rahman Al-Mashhadani predicted on Tuesday that the exchange rate of the dollar in the parallel market may exceed the 160,000 dinar mark per … Continue reading →

Iraq ranks 28th globally in foreign currency reserves at $85 billion. Iraq ranked 28th globally among the countries with the largest foreign exchange reserves out of 30 countries listed in the table, with a total of about $85 billion, according … Continue reading →

Iraqi oil replaces Iranian oil in Chinese refineries Reuters revealed on Tuesday that independent Chinese refineries have increased their purchases of Iraqi and Qatari crude oil for October and November shipments to compensate for declining Iranian supplies, coinciding with the … Continue reading →

Parliamentary Finance Committee: Employee salaries are secured and the Central Bank’s reserves cover the deficit. The Parliamentary Finance Committee confirmed on Tuesday that employee salaries are secured and that the Central Bank has a reserve sufficient to cover the deficit. … Continue reading →

Parliamentary services: No more delays in deciding on top executive positions MP Mohammed al-Shammari, from the Parliamentary Services Alliance, confirmed on Monday that there is intensive parliamentary and political activity underway to finalize the cabinet formation. He revealed that the … Continue reading →