Iraq Economic News and Points To Ponder Tuesday Afternoon 11-11-25

The Central Bank Denies Claims Of Reducing The Dinar's Exchange Rate To 4,000 Against The Dollar.

Economy | 11/11/2025  Mawazin News - Baghdad:   The Central Bank of Iraq denied on Tuesday claims of a reduction in the dinar's exchange rate against the dollar.

A statement from the bank indicated that "some news websites and social media outlets have circulated reports claiming to be based on a study by the Central Bank of Iraq suggesting the possibility of reducing the dinar's exchange rate to 4,000."

The bank affirmed, according to the statement, that "the report is false, and the bank continues to defend the current exchange rate, with current monetary indicators supporting this stance." https://www.mawazin.net/Details.aspx?jimare=270174

The Central Bank Denies Rumors Of A Dinar Devaluation.

Baratha News Agency492025-11-11  The Central Bank denied on Tuesday (November 11, 2025) rumors of the dinar's decline, stressing that they were untrue and were not issued by any official body.

The bank's media office stated in a statement that "the Central Bank of Iraq denied the news circulating about the expected decrease in the value of the dinar to 4,000 dinars against the dollar, stressing that this information is incorrect and was not issued by any official body within the bank."

The bank called on the media and citizens to rely only on official sources and to avoid being drawn into rumors aimed at creating financial panic in the market.  https://burathanews.com/arabic/economic/467604

A source clarifies: There Will Be No Change To The Exchange Rate, And The Central Bank Continues To Defend It

Baratha News Agency1282025-11-11  Some media outlets reported on a study suggesting a government plan to adjust the exchange rate in the future. However, it turned out that this plan, which was published in studies, did not originate from the central bank and dates back more than ten years.

In this context, a source from the Central Bank confirmed on Tuesday (November 11, 2025) that foreign reserves remain at comfortable levels sufficient to cover imports and enhance the stability of the financial market.

The source explained that "the Central Bank continues to defend the current rate, and that the monetary and financial indicators in the country are stable and support this trend."

This denial comes after unofficial reports circulated on digital platforms claiming that there was a government intention to adjust the exchange rate in the future.  https://burathanews.com/arabic/economic/467599

Iraq Avoids Budget Deficit Thanks To One Factor... Expert Reveals The Secret 
 
Time: 2025/11/08 Reading: 360 times  {Economic: Al-Furat News} Economic expert, Salah Nouri, revealed that the Financial Management Law No. 6 of 2019 served as a safety valve
that saved Iraq from entering a state of financial deficit
 
by addressing cases of delay in approving the federal general budget law or its failure to be approved on the specified dates. Nouri told Al-Furat News Agency that:
 
“The Financial Management Law has addressed several cases related to the approval of the federal general budget law,” noting that  “Article 13 stipulated clear procedures to ensure the continuity of spending even if the budget is delayed beyond December 31 of the year preceding the year in which it was prepared.” 

He explained that  "the aforementioned article authorized the Minister of Finance to issue an official circular based on specific criteria,  whereby it permits spending at a rate of {1/12} or less of the total actual expenditures for current expenses for the previous fiscal year,  after excluding non-recurring expenses,  to ensure the continuity of employee salaries and the operation of government facilities without interruption." 

Nouri added that   "the same article allowed for spending from the total annual allocation for ongoing investment projects whose allocations were included during the previous and subsequent fiscal years,  according to the actual completion rates or completed stages of preparation,   with the aim of preventing the suspension of projects under implementation." 

 The economist explained that  “the third paragraph of the article accurately addressed the situation of the budget not being approved at all, as  it stipulated that the final financial data of the previous year be adopted as the basis for the financial data of the new year,   provided that this data is submitted to the House of Representatives for the purpose of approval,   which ensures the continuation of the state’s financial activity in a legal and organized manner.” 

Nouri stressed that   “this article, with its three paragraphs, represented a comprehensive solution to the situation of delaying or not approving the budget at the end of the fiscal year,” explaining that   “thanks to it, Iraq avoided falling into financial paralysis, especially since the House of Representatives had previously approved a budget for three years {2023 – 2024 – 2025},   which strengthened financial stability and contributed to regulating government spending within specific and clear ceilings.”   https://alforatnews.iq/news/العراق-يتفادى-العجز-المالي-بفضل-عنصر-واحد-خبير-يكشف-السر    

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