Iraq Economic News and Points To Ponder Monday Evening 12-29-25
Iraq Ranks 29th Globally And Third In The Arab World Among The Banks With The Best Reserves
Banks Economy News – Baghdad Iraq ranked 29th globally out of 50 countries, and third in the Arab world, among the best central banks in terms of hard currency reserves, according to Visual Capitalist, a website specializing in markets, technology, energy and the global economy.
The website stated that the central bank's reserves serve as the state's financial shield, as they consist of foreign currencies, gold, and other liquid assets, and play a pivotal role in stabilizing currencies and overcoming financial crises, noting that the size of these reserves determines the resilience of economies in the face of shocks and their impact on global markets.
According to the report, Iraq ranked 29th globally in terms of the largest reserves of foreign currency and gold, with a total of $100.691 billion.
Globally, China topped the list with reserves of $3.456 trillion, followed by Japan in second place with $1.231 trillion, then the United States in third place with $910.037 billion, Switzerland in fourth place with $909.366 billion, followed by India in fifth place with $643.043 billion, and then Russia in sixth place with $597.217 billion.
In the Arab world, Saudi Arabia ranked first with reserves of $463.870 billion, followed by the UAE in second place with $237.931 billion, then Iraq in third place, Libya in fourth place with $92.894 billion, Algeria in fifth place with $83 billion, Qatar in sixth place with $53.987 billion, Kuwait in seventh place with $50.728 billion, while Egypt ranked eighth with $44.921 billion. https://economy-news.net/content.php?id=63970
Launch Of The Securities Commission's 2026–2028 Strategy To Transform Iraq Into A Regional Financial Center
Monday, December 29, 2025 | Economy Number of views: 152 Baghdad/ NINA / The Chairman of the Securities Commission, Faisal Al-Haimas, announced the imminent launch of the Commission's strategy for the years 2026-2028, a step aimed at transforming the Iraqi Stock Exchange into a leading regional financial center.
In a statement, Al-Haimas explained that "the new strategy is based on comprehensive digital transformation, diversifying investment instruments, deepening liquidity, attracting foreign investment, enhancing transparency, and protecting investors' rights."
He emphasized that "this strategy aligns with the government's direction towards economic reform and revitalizing the financial sector," noting that "the Commission will work to implement its phases according to well-studied timelines and in cooperation with local and international partners to ensure a qualitative leap in the performance of the Iraqi financial market." /End https://ninanews.com/Website/News/Details?key=1269088
Dollar Prices Jump, Exceeding 140,000 In Baghdad
Money and Business Economy News – Baghdad The exchange rate of the US dollar rose today, Monday, in the markets of the capital, Baghdad.
The dollar exchange rate rose at 1:00 PM in the Al-Kifah and Al-Harithiya exchanges in Baghdad to reach 144,400 dinars per 100 dollars, while it had reached 143,900 Iraqi dinars per 100 dinars earlier in the day.
Our correspondent noted that selling prices in currency exchange shops in local markets in Baghdad have increased, with the selling price reaching 145,000 dinars for 100 dollars, while the buying price recorded 144,000 dinars for 100 dollars. https://economy-news.net/content.php?id=63971
Gold Prices Remain Stable In Iraqi Markets
Stock Exchange Gold prices in Iraqi markets remained relatively stable on Sunday, according to indicators from the Iraqi gold market, amid a lull in buying and selling activity.
As of 7:15 PM, the price of a gram of 21-karat gold was approximately 175,316 Iraqi dinars (equivalent to $121.83), while a mithqal (approximately 4.5 grams) of 21-karat gold reached 876,578 dinars.
uA gram of 22-karat gold was priced at around 183,664 dinars, while a gram of 24-karat gold reached approximately 200,361 dinars, and a gram of 18-karat gold was around 150,270 dinars.
On the international market, an ounce of gold was priced at approximately 6,231,913 Iraqi dinars (equivalent to $4,330.73), while an ounce of silver reached 103,394 dinars.
The market noted that the prices offered do not include drafting fees, with traders anticipating any changes that may occur in prices during the coming days due to fluctuations in global markets and the dollar exchange rate.
https://economy-news.net/content.php?id=63988
Oil Prices Rise; Brent Crude Reaches $61.97 Per Barrel
Energy Oil prices rose by about 2% on Monday as investors awaited developments in talks between the U.S. and Ukrainian presidents regarding a potential agreement to end the war in Ukraine, amid concerns about possible disruptions to oil supplies in the Middle East.
Brent crude futures rose $1.33, or 2.2%, to $61.97 a barrel, while U.S. West Texas Intermediate crude futures climbed $1.31, or 2.3%, to $58.05 a barrel.
Both benchmarks had fallen by more than 2% on Friday, as investors worried about an impending global supply glut and the prospects for a peace deal in Ukraine ahead of talks earlier in the week between Ukrainian President Volodymyr Zelensky and U.S. President Donald Trump, according to Reuters. https://economy-news.net/content.php?id=63990
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