Iraq Economic News and Points To Ponder Late Sunday Evening 6-14-26

Economic Observatory: Financial Revenues For Iraqi Railways Are Unprofitable

Money and Business   Economy News – Baghdad   The Echo Iraq Observatory announced on Sunday that the financial revenues of Iraq Railways are not profitable, while pointing to a legal problem in delivering a train to the governorates of the Kurdistan Region.

The observatory stated in a statement that the railway network in Iraq currently has two main lines for night transport, linking Baghdad to Basra and back, passing through a number of governorates, indicating that the capacity of each trip reaches about 360 seats, including tourist seats and others designated for sleeping.

Good Morning Dinar Recaps,

After the U.S.-Iran Breakthrough, the Focus Shifts to High-Stakes Nuclear Negotiations

The United States and Iran have reached a preliminary framework agreement to end months of conflict, but the most difficult phase—negotiating the future of Iran's nuclear program and sanctions relief—is only beginning. 

What Happens If the U.S. Economy Crashes?

By   Kimberly Amadeo   Updated on August 28, 2024

Although the initial outbreak of COVID-19 in March 2020 sent a shockwave through the markets and economy, another recent near-collapse of the U.S. economy happened on September 16, 2008. This is the day the Reserve Primary Fund “broke the buck"—the value of the fund’s holdings dropped below $1 per share.1

Panicked investors withdrew billions from money market accounts where businesses keep cash to fund day-to-day operations.2 If withdrawals had gone on for even a week, and if the Fed and the U.S. government had not stepped in to shore up the financial sector, the entire economy would likely have ground to a halt. Trucks would have stopped rolling, grocery stores would have run out of food, and businesses would have been forced to shut down.

Good Afternoon Dinar Recaps,

Xi's North Korea Visit Signals Shifting Power Balance as Kim Eyes Future Trump Talks

Chinese President Xi Jinping's first visit to North Korea in seven years highlights Beijing's effort to strengthen regional alliances while Washington remains focused on the Middle East, potentially reshaping strategic dynamics across Asia.

Recession vs. Depression: How To Tell the Difference

What makes a depression so much worse than a recession?

By Kimberly Amadeo   Updated on December 22, 2022

A recession is a widespread economic decline that typically lasts between two and 18 months.1 A depression is a more severe downturn that lasts for years. The most famous depression in U.S. history was the Great Depression. It lasted a decade.

According to the National Bureau of Economic Analysis, the Great Depression was a combination of two recessions. The first lasted for 43 months, from August 1929 to March 1933. The next lasted 13 months, from May 1937 to June 1938. The severe downturn lasted for about 10 years combined. There have been 34 recessions since 1854. Recessions have lasted for approximately 10 months on average since 1945.2

The Events Of The Region Determine The Economic Paths Of Iraq. A Financial Crisis, A Rise In Prices And A Change In The Value Of The Dinar

12 Jun    Information/Report...   The events of the region directly affect the economic situation of Iraq, which is at the heart of the hurricane witnessed by the countries of the so-called Middle East, after the war invented by America and its Zionist entity against the Islamic Republic and the repercussions of this on the Strait of Hormuz, are all factors that may lead governments, especially in Iraq, to take decisions that mitigate the extent of the damage, but make the people pay the tax, by reducing the value of salaries in case of going towards devaluing the dinar, and following the policy of austerity and raising the amounts of fees in various sectors, which will harm the citizen.

Good Morning Dinar Recaps,

US-Iran Peace Framework Nears as Trump Targets Agreement, Strait of Hormuz Reopening

Diplomatic negotiations between the United States and Iran appear to be entering their final phase, with a framework agreement reportedly close despite continued disagreements over timing.