Iraq Economic News And Points To Ponder Wednesday Afternoon 6-4-25
Central Bank Of Iraq: No Shortage Of Liquidity, And Foreign Exchange And Gold Reserves Are On The Rise.
June 2, 2025 Baghdad/Iraq Observer The Central Bank confirmed on Monday that liquidity is fully available, while noting that reserves have exceeded $100 billion.
“Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no shortage in this regard,” said Mohammed Younis, the bank’s general manager of investments, in a press statement monitored by the Iraq Observer.
He pointed out that “the Central Bank’s reserves have exceeded $100 billion, in addition to Iraq’s large gold reserves, exceeding 163 tons.” Younis added,
"The Central Bank
is not an investment entity, but rather
is responsible for managing Iraq's foreign exchange reserves," explaining that
"the goal of these reserves is not to generate profits,
but rather to ensure reasonable returns." He continued,
"The reserve
is managed according to well-thought-out policies based on high security standards, and
is invested in safe financial instruments that generate acceptable returns." He emphasized that
"Iraq is on a sound economic path." https://observeriraq.net/المركزي-العراقي-لا-شحّة-في-السيولة-واح/
Al-Ghariri: Iraq Is Getting Closer To Membership In The World Trade Organization.
Tuesday, June 3, 2025 | Economic Number of readings: 7 Baghdad/ NINA / Minister of Trade, Atheer Al-Ghariri, announced that Iraq has made significant progress on its path to joining the World Trade Organization, stressing Baghdad's serious commitment and transparency in meeting the requirements of this important international process.
Al-Ghariri explained in a statement that "the national team tasked with completing the accession requirements has completed answering more than 450 technical questions submitted by the organization's members, which reflects Iraq's commitment to achieving this strategic goal."
The minister added, "The national team is fully prepared for the next round of meetings with the organization's General Secretariat and members of the working groups," stressing that
Iraq will be represented with a unified position based on a national economic vision aimed at orderly integration into the global economy. Al-Ghariri pointed out that
"joining the World Trade Organization represents a strategic step to
support the business environment,
stimulate investment, and
develop productive sectors, particularly industrial and agricultural sectors, which
will enhance Iraq's economic standing regionally and internationally." He continued:
"The Ministry of Commerce, in coordination with the relevant ministries and institutions,
will continue technical and diplomatic work to ensure the best results that serve the supreme national interest." /End 8 https://ninanews.com/Website/News/Details?key=1231649
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