Iraq Economic News and Points To Ponder Monday Morning 12-22-25
A New Drop In The Exchange Rate... The Dinar Strengthens Its Position Against The Dollar.
Economy | 21/12/2025 Mawazin News – Baghdad: Local markets witnessed a decline in the exchange rate of the US dollar against the Iraqi dinar on Sunday. Selling centers recorded a rate of 143,000 dinars per 100 dollars, while the buying rate reached 142,000 dinars.
This decline comes within the context of daily market activity, amidst anticipation from traders regarding the outcome of government and financial measures aimed at stabilizing the currency.
Observers confirm that the price decrease reflects a relative improvement in the value of the dinar, which is expected to positively impact commercial activity and the living standards of citizens. https://www.mawazin.net/Details.aspx?jimare=271839
How Do Wars And International Trade Affect The Iraqi Economy? An Expert Explains.
Time: 2025/12/21 Reading: 60 times {Economic: Al-Furat News} Economic expert, Rashid Al-Saadi, confirmed that wars and global trade have a significant negative impact on the Iraqi economy.
Al-Saadi explained to Al-Furat News Agency that: “The economic war between America and China leads to customs duties and restrictions on Chinese goods, and that Iraq has trade with China estimated at about $57 billion annually, and that any negative factors on the Chinese economy also affect Iraq.”
He added that "the strained relations between Venezuela and America also have an impact on the Iraqi economy," noting that all geopolitical factors affect Iraq due to the fragility of its economy and its dependence on external economic relations without alternatives or added value for goods.
Al-Saadi also pointed to "what happened in the Russian-Ukrainian crisis," explaining that "the two countries are considered the breadbasket of Iraq, which reflects the impact of global conflicts on the stability of the Iraqi economy." LINK
Kurdistan Finance Ministry To Send 120 Billion Dinars To Baghdad Tomorrow
Money and Business Economy News – Baghdad The Ministry of Finance and Economy of the Kurdistan Region announced that it will send 120 billion dinars to Baghdad on Monday.
The ministry stated: "We will deposit 120 billion dinars of non-oil financial revenues for last October into the account of the Federal Ministry of Finance tomorrow, Monday." https://economy-news.net/content.php?id=63649
Industry: Signs New Contracts To Support The Oil Sector And Enhance The Capabilities Of Northern Refineries
Sunday, December 21, 2025 | Economy Number of views: 399 Baghdad / NINA / Al-Faris General Company, one of the companies of the Ministry of Industry and Minerals, announced the signing of several contracts with the North Refineries Company.
According to a ministry statement, the company's Director General, Saif Al-Din Ali Ahmed, stated that "the signing of these contracts comes within the framework of joint cooperation between government companies and is the result of Al-Faris General Company's efforts to support the oil sector."
He pointed out that the signed contracts included supplying pumps and their accessories as spare parts, supplying maintenance materials for the Qayyarah refinery furnace, in addition to establishing a cooling tower system for the Kirkuk refinery and supplying emergency pumps for the refining unit at the Salah Al-Din refinery.
He added that "the contracts also included the construction of a steam line for the North pumping and storage area/North Depot, the establishment of an electrical control valve system for all tanks along with the construction of the control system in the Sinniyah refinery section, and the design, supply, and installation of smart loading arms for petroleum products, in addition to other contracts."
He emphasized the company's ability to support the oil sector and raise the efficiency of refineries according to approved technical standards. /End https://ninanews.com/Website/News/Details?key=1267722
Iraqi Crude Oil Ranks Third As The Largest Supplier To The United States
Economy | 21/12/2025 Mawazin News - Baghdad: The U.S. Energy Information Administration (EIA) announced on Sunday that Iraq ranked third among the largest exporters of crude oil to the United States last week.
The EIA stated in its statistics that "U.S. crude oil imports averaged 5.675 million barrels per day (bpd) last week from nine major countries, a decrease of 132,000 bpd from the previous week's average of 5.807 million bpd."
It added that "Iraq's oil exports to the U.S. averaged 306,000 bpd, an increase of 231,000 bpd from the previous week's average of 75,000 bpd, making it the third largest supplier to the U.S. for that week."
The EIA indicated that "the largest share of U.S. oil imports last week came from Canada, averaging 4.164 million bpd, followed by Saudi Arabia at 321,000 bpd, Mexico at an average of 243,000 bpd, and Colombia at an average of 232,000 bpd."
According to the table, "U.S. crude oil imports from Venezuela averaged 193,000 barrels per day, from Brazil 184,000 barrels per day, from Ecuador 32,000 barrels per day, and from Nigeria 2,000 barrels per day, while no oil was imported from Libya last week."
The U.S. 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 U.S. is the world's largest oil consumer. https://www.mawazin.net/Details.aspx?jimare=271833
Expert: Artificial Intelligence Provides A Safe Environment For Investors In The Stock Market
Time: 2025/12/21 Reading: 30 times {Economic: Al-Furat News} Economic expert Salah Nouri confirmed on Sunday that the use of artificial intelligence technologies in the Iraqi Stock Exchange provides a safe investment environment and protects investors from fraud and scams, while pointing out that automating trading contributes to attracting local and foreign investments.
Nouri told Al-Furat News Agency that "investment in the Iraqi Stock Exchange depends on several basic conditions to attract investors, foremost among them providing a safe environment by listing the financial statements of joint-stock companies on time," indicating that "the Securities Commission and the Central Bank of Iraq have obligated private sector banks to issue quarterly financial statements to be traded in the market."
He added that "the investment process requires careful monitoring of licensed brokerage firms, as the buying and selling of shares is carried out through them," stressing "the importance of adhering to honesty with the investor in accordance with the instructions issued by the market administration."
Nouri added that "the Financial Disclosure Department at the Securities Commission is responsible for examining financial data before approving its listing," noting that "the main goal of the market and the commission is to stimulate economic sectors by mobilizing and directing investments, stressing that the more investors are protected from fraud, the greater the demand for investment from Iraqis and foreigners."
He explained that "automating stock trading and monitoring brokerage firms facilitates trading operations quickly and securely, which is currently available in the Iraq Stock Exchange through the use of the latest software used in the Gulf markets."
The economist pointed out that "the bottom line is that the use of artificial intelligence ensures the speed of completing transactions within a few minutes, as well as enhancing protection and transparency in stock trading." LINK
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