Iraq Economic News and Points To Ponder Thursday Afternoon 8-21-25
Central Bank Governor: We Are Witnessing Highly Fluid External Transfers Of All Major Currencies.
Wednesday, August 20, 2025 | Economic Number of readings: 223 Baghdad / NINA / The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Wednesday, that almost all major currencies are covered, while noting that the Central Bank is witnessing smooth and highly fluid foreign exchange operations in all currencies.
Al-Alaq said, according to the official agency:
"The foreign transfer process has witnessed significant development over the past two years,
both in terms of method, approach, and organization, as well as through direct communication and
direct transfer between Iraqi banks and approved correspondent banks."
He added, "This expansion is not only in the number of correspondent or transfer banks, but also in the number of currencies," noting that
"the Central Bank covers almost all the currencies used by Iraq for large-scale trade." He stressed that
"the Central Bank is currently witnessing transfer operations in almost all major currencies, and they are taking place smoothly and with high fluidity." /End 9 https://ninanews.com/Website/News/Details?key=1247321
Central Bank: Decline In The Issued Currency And Inflation In The Second Half Of 2025
Banks Economy News – Baghdad The Central Bank of Iraq revealed on Thursday a decline in the country's currency exports and inflation for the second half of 2025.
The bank stated in a report that "the currency issued by the bank recorded a 3.8% decline in the average rate in the second half of 2025, reaching 98.4 trillion dinars, compared to its value of 102.3 trillion dinars in the second quarter of 2024."
He added, "The decline in the issued currency has contributed to a decline in the inflation rate, which maintains the stability of the general price level."
The bank's report also indicated that "the inflation rate decreased by 76% in the second half of 2025, reaching 0.8%, compared to the second quarter of 2024, which reached 3.3%."
He stressed that "the decline in the inflation rate indicates a decline in the general price level and leads to an improvement in the purchasing power of individuals and institutions."
Issued currency is defined as: the currency issued by the Central Bank of Iraq into circulation (i.e., printed), excluding the currency in the vaults of the Central Bank.https://economy-news.net/content.php?id=59061
The Central Bank Sponsors The Private Banks Conference And Exhibition For Small And Medium Enterprises.
August 20, 2025 The Central Bank sponsors the Private Banks Conference and Exhibition for Small and Medium Enterprises.
The Central Bank of Iraq sponsored the conference on micro, small, and medium-sized enterprises (MSMEs) held in Erbil Governorate.
The conference was held in cooperation with the German Agency for International Cooperation (GIZ) and the Iraqi Private Banks Association.
On the sidelines of his participation in the conference, Kazem Namiq,
Director General of the Central Bank of Iraq in Erbil Governorate, emphasized
"the role of the Central Bank of Iraq in the country's economic development through its various initiatives and facilitating procedures for accessing financing for small, medium, and micro enterprises."
It is noteworthy that the conference witnessed the participation of a number of private banks and
owners of small, medium and micro enterprises benefiting from project loans.
Central Bank of Iraq Media Office 20 Aug 2025 https://cbi.iq/news/view/2962
The Dollar Leaves The Thirties. The Exchange Rate In Baghdad Rises Again.
Economy | 08/21/2025 Mawazine News - Baghdad - The dollar exchange rate witnessed a rise in local markets in Baghdad on Thursday.
The selling price in Baghdad reached 143,750 Iraqi dinars for every 100 US dollars, while the buying price reached 143,000 Iraqi dinars. https://www.mawazin.net/Details.aspx?jimare=265469
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