Iraq Economic News and Points To Ponder Monday Morning 12-15-25
The Prime Minister's Economic Advisor: The Fluctuation Of The Dollar Is Temporary And Is Not Based On Real Economic Data
Baratha News Agency168 2025-12-14 The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed on Sunday that the fluctuation of the dollar is temporary and is not based on real economic data.
Saleh told the official agency that "what happened in the parallel exchange market during the past few days is nothing more than an emergency and temporary fluctuation resulting from inaccurate information effects known in economic analysis as colored noise, which is distorted information that is mostly based on rumors, and leads to short-term speculation in the unregulated money market."
He added that "transitional periods usually witness such price movements, especially as the country continues in the post-legislative election phase, and in parallel with the implementation of the customs governance system and its digital procedures in accordance with international standards, including customs tracking systems and modern digital applications that enhance transparency and discipline in the commercial and financial environment together."
He explained that “the aforementioned fluctuation in the price of the dollar against the dinar in the parallel market has not left a substantial impact on the stability of the general price level, as monetary policy continues to achieve its operational and intermediate goals in stabilizing prices in general and maintaining the stability of the official exchange rate in particular, a path that is reflected in the decline of the annual inflation growth rate to normal fractional levels not exceeding 2.5% annually.”
He explained that "the policy of maintaining a stable exchange rate is an approved policy based on fundamental principles, foremost among them the efficiency of foreign reserves supporting the stability of the official exchange rate of 1320 dinars per dollar." https://burathanews.com/arabic/economic/468892
The Sudanese Official Stressed To The US Chargé D'affaires The Need To Complete Economic, Trade And Investment Cooperation
Prime Minister Mohammed Shia al-Sudani emphasized to the US Chargé d'Affaires to Iraq, Joshua Harris, on Sunday the necessity of building upon the existing economic, trade, and investment cooperation between the two countries.
A statement from his office, received by Economy News, indicated that al-Sudani "received the US Chargé d'Affaires to Iraq, Joshua Harris, on Sunday, where they discussed bilateral relations and ways to enhance joint cooperation.
They also reviewed regional and international developments, stressing the importance of joint coordination to address current challenges and contribute to establishing stability and security in the region."
He affirmed that "bilateral relations are witnessing continuous development and progress, reflecting the mutual commitment and interest in further developing them across various fields and sectors, in order to achieve mutual benefit and advantage."
Al-Sudani also pointed to "the importance of continuing to work on and build upon the existing economic, trade, and investment cooperation between the two countries, in light of the memoranda of understanding and joint agreements, and in a way that supports various developmental and service-oriented initiatives."
For his part, the US Chargé d'Affaires congratulated Iraq on "the end of the UN mission's mission, which indicates that it has entered a new phase of stability, prosperity and development, stressing his country's keenness to continue cooperating with Iraq in its efforts to achieve development and stability."https://economy-news.net/content.php?id=63412
Iraq's Oil Exports To The US Saw A Significant Drop In A Week
Energy Economy News – Baghdad The U.S. Energy Information Administration announced on Sunday that Iraqi oil exports to the United States decreased last week.
The administration said in a statistic seen by “Al-Eqtisad News” that “the average US imports of crude oil during the past week from nine major countries reached an average of 5.807 million barrels per day, an increase of 930,000 barrels per day compared to the previous week, which reached an average of 4.877 million barrels per day.”
She added that "Iraq's oil exports to America averaged 75,000 barrels per day, down by 360,000 barrels per day from the previous week, which averaged 435,000 barrels per day."
The administration also noted that "most of America's oil revenues last week came from Canada at a rate of 4.261 million barrels per day, followed by Mexico at 360,000 barrels per day, Brazil at an average of 256,000 barrels, and Nigeria at a rate of 217,000 barrels per day."
According to the table, "US crude oil imports averaged 212,000 barrels per day from Saudi Arabia, 193,000 barrels per day from Venezuela, 144,000 barrels per day from Colombia, and 89,000 barrels per day from Libya, while no quantity was imported from Ecuador during the past week."
The United States imports most of its crude oil and refined products from these ten major countries. With a daily oil consumption of approximately 20 million barrels, the US is the world's largest oil consumer. https://economy-news.net/content.php?id=63380
The Dollar Continues To Rise In Baghdad Markets At The Start Of The Week.
Economy | 11:04 - 14/12/2025 Mawazin News – Baghdad The exchange rate of the US dollar against the Iraqi dinar rose in the Al-Kifah and Al-Harithiya exchanges in Baghdad.
The rate reached 143,500 dinars per 100 dollars, compared to 143,300 dinars yesterday, amid continued trading activity in the local market. https://www.mawazin.net/Details.aspx?jimare=271569
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