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Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

Iraq Economic News and Points To Ponder Thursday Afternoon 2-12-26

Gold Prices Rise In Baghdad, Decline In Erbil

2026-02-12   Shafaq News- Baghdad/ Erbil   Gold prices increased in Baghdad on Thursday while declining in Erbil, according to a survey by Shafaq News Agency.

In Baghdad’s wholesale markets on Al-Nahr Street, the selling price of one mithqal (approximately five grams) of 21-carat Gulf, Turkish, and European gold reached 1,072,000 IQD, with a buying price of 1,068,000 IQD, up from 1,066,000 IQD recorded on Wednesday.

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The Financial Reset Everyone’s Missing

The Financial Reset Everyone’s Missing

Miles Harris:  2-12-2026

The recent price movements in gold, silver, and broader asset markets have sparked a flurry of discussions around inflation, currency debasement, and other conventional narratives.

 However, a deeper analysis reveals that these factors may not be the primary drivers of the current market dynamics. A recent video presentation by Miles Harris sheds light on the underlying structural shifts that are reshaping the financial landscape, and the insights are both fascinating and enlightening.

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Iraq Economic News and Points To Ponder Thursday Morning 2-11-26

Iraq ranks second top importer of Jordanian goods in January

2026-02-12 Shafaq News- Baghdad/ Amman   Iraq ranked second among the top importers of goods certified by the Amman Chamber of Commerce in January, with imports valued at 47 million Jordanian dinars (around $33 million), according to data released on Thursday.

The chamber said it issued 2,279 certificates of origin during the first month of the year, up 2.7% from 2,219 certificates in January last year.  The total value of certificates of origin rose 32.2% to approximately 155 million dinars, compared with 116 million dinars in the same period a year earlier.

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“Tidbits From TNT” Thursday Morning 2-12-2026

TNT:

Tishwash:  The Cabinet directs the reduction of official working hours during Ramadan.

The General Secretariat of the Council of Ministers issued a directive today, Thursday, to reduce official working hours during the holy month of Ramadan .

The General Secretariat stated in a statement received by Al-Sa’a Network that “it has been decided to reduce official working hours by one hour in ministries and entities not affiliated with a ministry, and all governorates during the holy month of Ramadan .”

She explained that "the directive included authorizing the concerned authorities to determine this at the beginning or end of official working hours ."

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The Global Dollar Reserve Currency Era Just Ended

The Global Dollar Reserve Currency Era Just Ended

Arcadia Economics:  2-11-2026

The global economy is undergoing a significant transformation, with far-reaching implications for the world’s financial systems, trade dynamics, and precious metals markets.

 In a recent discussion, Vince Lanci highlighted the eroding status of the US dollar as the global reserve currency, a trend that is gaining momentum and has profound consequences for the global economy.

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Iraq Economic News and Points To Ponder Wednesday Morning 2-11-26

The Federal Court Dismisses The Lawsuit Filed Against The Customs Tariff.

Money and Business   Economy News – Baghdad    Member of Parliament Mohammed Al-Khafaji announced on Wednesday that the Supreme Federal Court had rejected the lawsuit filed against Resolution 957 concerning customs identification.  Al-Khafaji wrote in a post on the social networking site Facebook today that "the lawsuit related to increasing the customs tariff was dismissed due to the lack of a legitimate interest."

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“Tidbits From TNT” Wednesday Morning 2-11-2026

TNT:

Tishwash:   of the “Asia Pay” e-wallet service in Baghdad

As part of the digital transformation, the electronic wallet service (Asia Pay) was launched today, Tuesday, in a number of Baghdad post offices.

A statement from the Ministry of Communications, followed by (Shafaqna Iraq), stated that “the Ministry of Communications, through the General Company for Post and Savings, launched the electronic wallet service “AsiaPay” at a number of postal locations in the capital.”

The service included the offices of (Baghdad, Al-Intisar, Aden, Al-Dubbat, Al-Jami’a, Palestine, Al-Mahmoudiya, Basmaya).

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