Iraq Economic News and Points To Ponder Monday Afternoon 12-8-25
Advisor To The Prime Minister: Iraq's Reserves Protect The Dinar From Current Fluctuations
Time: 2025/12/07 Readings: 135 times {Economic: Al-Furat News} The economic advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that there is no direct link in the short term between current financial developments and monetary stability. Saleh told Al-Furat News Agency that: “The monetary authority still has sufficient foreign reserves that enable it to protect macroeconomic stability and finance the deficit in the current account of the balance of payments.”
He added, "These reserves have high efficiency standards that ensure the Central Bank's continued ability to enforce discipline in the money market, particularly in the exchange market, in order to maintain the stability of the currency's value and the movement of external liquidity." Saleh affirmed that "the monetary fundamentals remain strong and capable of absorbing any potential fluctuations." LINK
Al-Rafidain: More Than 15 Billion Dinars Recovered In One Month
Time: 2025/12/08 Readings: 75 times {Economic: Al-Furat News} Al-Rafidain Bank announced today, Monday, that it has recorded an exceptional collection performance in the file of recovering non-performing loans, after its success in recovering more than 15.5 billion dinars from the amounts of borrowers who failed to pay during the past month of November.
The bank's media office confirmed in a statement, a copy of which was received by Al-Furat News, that: "The intensive collection efforts carried out by the departments and branches within the approved work plan resulted in the recovery of 15,516,565,628 dinars of accumulated debts," indicating that "the bank continues to implement collection campaigns and field and administrative follow-up at an increasing pace to ensure the protection of the bank's funds and enhance financial discipline."
The bank called on all defaulters to "visit its branches in Baghdad and the provinces to complete the financial settlement procedures and update their credit positions," stressing "the continuation of taking legal and regulatory measures against those who refuse to pay, including applying the law on collecting state funds and imposing the stipulated late payment penalties."
The bank stated that "this achievement comes within the framework of Rafidain's policy aimed at enhancing the efficiency of debt management, developing credit discipline, and ensuring the sustainability of liquidity and the quality of banking services provided to citizens." LINK
Al-Rasheed Launches The Second Tranche Of Emaar Bonds.
Economy | 08/12/2025 Mawazin News - Baghdad: Al-Rasheed Bank announced the release of payments for the second issuance of Reconstruction Bonds. A statement from the bank indicated that "the disbursement of payments for the second issuance of Reconstruction Bonds (500,000 Iraqi Dinars) has commenced, along with the fourth and final semi-annual interest payment for the one million Iraqi Dinar bonds mentioned above."
The bank urged all bondholders to "visit their respective branches to receive their payments," emphasizing its "continued commitment to fulfilling its obligations to bondholders." https://www.mawazin.net/Details.aspx?jimare=271330
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