Iraq Economic News And Points To Ponder Sunday Afternoon 6-1-25

Al-Sudani Stresses The Necessity Of Cooperation Between Iraq And The United States Based On The Strategic Framework Agreement And Memoranda Of Understanding, Coordination, And Consultation Between The Two Sides

Sunday, June 1, 2025 21:05 | Politics Number of readings: 25  Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani stressed the necessity of cooperation between Iraq and the United States based on the Strategic Framework Agreement, memoranda of understanding, coordination and consultation between the two sides.

A statement by the Prime Minister's Office said that Al-Sudani received, on Sunday, the Chargé d'Affaires of the US Embassy, ​​Steven Fagin, on the occasion of assuming his duties.

Al-Sudani congratulated Fagin, wishing him success in his mission and working to develop relations in a way that achieves the common benefit and interests of both countries.

Al-Sudani stressed the necessity of cooperation between Iraq and the United States based on the Strategic Framework Agreement, memoranda of understanding, coordination and consultation between the two sides, especially in the fields of economy, investment, security, energy, education, investment and private sector activities.

For his part, Fagin pointed to the importance of bilateral relations between the two countries, and the US government's support for partnership with Iraq at various levels and fields, praising the government's efforts to accelerate development and urban renaissance, stressing the work to enable American companies to enter the investment and partnership arena in Iraq. /End https://ninanews.com/Website/News/Details?key=1231246

Government Advisor: Iraq's Stability Depends On Energy Markets And Geopolitical Conditions.

Time: 2025/06/01 Read: 1,230 times  {Economic: Al Furat News} The Prime Minister's economic advisor, Mazhar Mohammed Saleh, confirmed the close cooperation between monetary and fiscal policies in addressing the global challenges resulting from the oil price shock.

Saleh told Al-Furat News: "This cooperation aims to defend the stability of the national economy and ensure public spending through good reserves and optimal management of domestic debt, ensuring sustainable stability and development."
He explained that "this economic path remains dependent on the future movements of energy markets and the geopolitical situation in the world, especially in the energy belts, whether in the Gulf or the Mediterranean region, which are responsible for approximately 40% of global oil demand, in addition to the Russia-Ukraine oil belt and the development of the war in that region, which constitutes the backbone of Europe in oil and gas supplies, and the resulting impact on the level of global demand and the trend towards improvement in oil and gas prices."

The advisor stated that "the bet on this economic cooperation extends until the end of the current fiscal year 2025," stressing that "the next phase will witness major financial reforms, most notably controlling public spending in line with the priorities of the government's program, particularly in the services and infrastructure budget, and securing salaries, pensions, and social care."

He explained that "more than 8 million citizens in Iraq receive government income, which in turn impacts the household income of approximately 35 to 40 million citizens, making this income the primary source of government spending within the country."  LINK

US Embassy: Working To Encourage US Companies To Invest And Partner In Iraq
Time: 2025/06/01 20:59:12 Reading: 60 Times

Prime Minister Mohammed Shia al-Sudani received today, Sunday, the Chargé d'Affaires of the US Embassy, ​​Mr. Stephen Fagin, on the occasion of his assumption of his duties.

His Excellency congratulated Mr. Fagin, wishing him success in his mission and working to develop relations to achieve mutual benefit and interests for both countries.

Mr. Al-Sudani emphasized the necessity of cooperation between Iraq and the United States based on the Strategic Framework Agreement and the memoranda of understanding, coordination, and consultation between the two sides, particularly in the areas of economy, investment, security, energy, education, investment, and private sector activities.

For his part, Mr. Fagin highlighted the importance of bilateral relations between the two countries and the US government's support for partnerships with Iraq at various levels and in various fields. He praised the government's efforts to accelerate development and urban renaissance, and emphasized the need to encourage American companies to invest and partner in Iraq.   LINK

Al-Haymas: Environmental And Social Standards Guidelines Enhances Transparency In All Economic Sectors

Money and Business  Economy News – Baghdad  Chairman of the Iraqi Securities Commission, Faisal Al-Humais, confirmed on Sunday that the launch of a guide to environmental, social, and corporate governance standards for companies will enhance transparency in the operations of companies across all economic sectors, including vital sectors such as telecommunications, industry, tourism, hotels, and others.

On the sidelines of the guide's launch ceremony, Al-Humais said in a statement reported by the official news agency and reviewed by Al-Eqtisad News, "The guide was launched in cooperation with the International Finance Corporation and with financial support from the Kingdom of the Netherlands."

He added, "This guide will have a significant impact on the application of transparency by companies in the Iraqi Stock Exchange.

It is, of course, an extension of the Central Bank's work when it launched the Governance Guide for Financial Institutions Listed on the Iraqi Stock Exchange. However, this guide will be more comprehensive for all sectors, whether the communications sector, the industrial sector, the tourism and hotel sector, or others."

He continued, "The implementation of the guide will have a positive impact on the operations and trading of the Iraqi Stock Exchange, as investors will receive comprehensive information with greater transparency to support their investment decisions. It will be fully implemented within the next year." https://economy-news.net/content.php?id=56093

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

“Tidbits From TNT” Sunday 6-1-2025

TNT:

Tishwash:  Including the Popular Mobilization Law... 140 draft laws await parliament's vote

 The Parliamentary Investment and Development Committee revealed that there are more than (140) draft laws, including new legislation and amendments to existing laws, that are still awaiting a vote in the House of Representatives.

The committee's vice-chair, Hussein Al-Sa'bari, said, "A large number of these projects have completed their discussions within the relevant committees and are ready for inclusion on the agenda of the general sessions."

He pointed out that "many of them concern vital sectors that affect citizens' lives."

He explained that "among the most prominent laws proposed are the Popular Mobilization Forces Law, legislation related to higher education, particularly the "Basis for Granting Certificates," in addition to service and administrative laws."

For his part, member of the Parliamentary Legal Committee, Muhammad Anouz, added that the legislative priorities also include the Anti-Narcotics Law and the Retirement Law, which needs to be amended to ensure..  link

Tishwash:  Parliamentarian: Extraordinary sessions will be held after Eid to approve important service laws

MP Hussein Al-Saabari revealed, on Saturday, that the House of Representatives intends to hold extraordinary sessions after the Eid Al-Adha holiday, to compensate for previous sessions that were not held due to the lack of quorum.

Al-Saabari said in a statement to the Al-Maalouma Agency, that “the House intends to discuss a number of important laws during these sessions, most notably the Popular Mobilization Law, the budget schedules, and the Ministry of Education Law.”

He called on members of the House of Representatives to "commit to attendance and not be absent from upcoming sessions," calling on "political blocs to urge their representatives to perform their legislative role in a way that serves the public interest."

Al-Saabari pointed out that “the holding of extraordinary sessions represents an important opportunity to correct the course of legislative performance and compensate for the delay in passing laws that directly affect the lives of citizens,” noting that “serious political will and cooperation between blocs will be the decisive factor in the success of these sessions and achieving tangible results.” 

It is noteworthy that the House of Representatives had previously called for holding emergency sessions during the legislative recess in order to vote on important laws  link

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Tishwash:  Al-Sudani to a member of Congress: It is necessary to build a comprehensive vision for Iraq that keeps pace with economic transformation and development.

Prime Minister Mohammed Shia al-Sudani received today, Saturday, Senator Jacky Rosen, a member of the Armed Forces Committee and the Foreign Relations Committee in the US Congress, and her accompanying delegation, in the presence of the Chargé d'Affaires of the US Embassy in Iraq.

A statement from his office, a copy of which was received by {Euphrates News}, stated that: “The meeting discussed the overall Iraqi-American relations and ways to strengthen them in a way that serves common interests, Iraq’s progress in economic recovery, and confirms regional stability.”

Al-Sudani pointed to "the importance of deepening relations with the United States in various fields, continuing bilateral dialogue based on mutual respect, and affirming Iraq's sovereignty and shared values, within the framework of the agreements and strategic partnership between the two friendly countries."

He also highlighted the "need to build a comprehensive vision for Iraq in light of the scale of the economic and developmental transformation taking place in Iraq."

For her part, Senator Rosen affirmed her country's "commitment to building sustainable relations with Iraq," praising "the progress being witnessed in Baghdad and other Iraqi cities, and the Iraqi government's ability to avoid regional conflicts, which underscores Iraq's pivotal role and its growing importance in the region."  link

Mot:  . Doggone It!!! --- Wont Sleep Tonight Wondering !!!!~~ 

Mot: What is the Space Between Your Eyebrows Called??? - HUH??

Iraq Economic News And Points To Ponder Sunday Morning 6-1-25

Mogadishu Refinery Find Triggers Iraq’s Hunt For $100B In Lost Global Assets

Iraq Jawad Al-Samarraie May 30, 2025 AL Rafidain Bank branch in London, opened in 1954
 
Baghdad (IraqiNews.com) – A startling revelation at the Arab Summit in Baghdad this May has jolted Iraq into confronting a forgotten legacy: a sprawling international portfolio of properties and investments, potentially worth at least $100B, that has languished in neglect and obscurity for two decades.

The unexpected news of a large, Iraqi-built oil refinery still standing in Mogadishu, Somalia, has served as a dramatic wake-up call, triggering a renewed effort to trace and potentially reclaim these vast, squandered national assets.
 
The ghost refinery in Mogadishu, constructed in 1978 under a bilateral agreement and largely forgotten by Iraqi officialdom since 2003,
 
was brought back to Baghdad’s attention by Somali President Hassan Sheikh Mohamud.
 
He informed Iraqi Prime Minister Mohammed Shia Al Sudani that the facility merely requires technical rehabilitation to become operational – a timely prospect as Somalia begins exploring offshore oil.
 
This single revelation underscored a much larger, more complex issue: Iraq’s dozens of lost properties scattered across three continents.
 
During its oil-boom years in the 1970s and 1980s, Iraq strategically invested its wealth globally, acquiring an estimated 50 significant assets.
 
These included luxury palaces and real estate in prime European locations like Cannes, France, Spain, the UK, and Italy;  agricultural ventures such as tea, rice, rubber, and tobacco farms in Malaysia, Sri Lanka, and Vietnam; and diverse holdings in Africa, from tourist islands and agricultural factories in Mozambique and Nigeria to the aforementioned Somali refinery.
 
This was a policy of extending economic and diplomatic influence.
 
However, following the 2003 regime change, this global portfolio fell into disarray.
 
Iraq’s Parliamentary Integrity Committee previously revealed to news agencies that crucial ownership documents were stolen or destroyed.
 
Some properties were illicitly transferred to individuals or shell companies linked to the former regime,  
while others simply vanished from official oversight, becoming a forgotten treasure.
 
Early attempts at recovery highlighted the dangers.
 
In 2012, an Iraqi Foreign Ministry delegation dispatched to Mozambique to inspect a state-owned asset, believed to be a palace on a tourist island, received direct threats from an armed group controlling the site, forcing their immediate withdrawal.

The incident underscored the formidable challenges beyond mere legal claims.
 
The Mogadishu refinery news has now spurred the Iraqi government into decisive action.
 
Specialized legal and technical committees have been formed, and the Ministries of Oil, Foreign Affairs, and Justice are tasked with a coordinated global effort.
 
This includes attempting to re-register properties, settle outstanding tax issues,
and verify any remaining documentation.
 
Legal experts suggest Iraq could pursue claims through the International Court of Justice (ICJ) or negotiate bilateral agreements with host nations.
 
They also stress the necessity of pursuing individuals and entities involved in the illicit appropriation of these assets,
potentially through international arrest warrants via INTERPOL if sufficient evidence is available.
 
For a nation facing ongoing economic challenges and heavily reliant on oil exports, the potential recovery or proper investment of these assets, valued around $100B, represents a monumental financial opportunity.
 
Economists believe even partial success could generate sustainable revenue streams,  
offering a vital diversification away from almost exclusive dependence on crude oil exports for its budget.
 
However, the path to reclamation is fraught with obstacles.
 
Experts caution that some assets may now be subject to statute of limitations in their host countries,
or may have been legally acquired by other parties during Iraq’s two-decade absence from active management.
 
Furthermore, concerns exist about potential internal political interference derailing recovery efforts,
especially if assets are now linked to influential figures or complex, decades-old contracts that would be difficult to unwind without triggering intricate legal disputes.
 

Despite these challenges, the  surprise rediscovery of the Mogadishu refinery has ignited a new sense of urgency and hope.
 
The Iraqi government’s renewed commitment, if pursued with transparency, international cooperation, and persistence,
could potentially unlock billions in national wealth that has lain dormant across the globe for far too long, offering a much-needed boost to its economic future.
 
5. Image Alt Text Suggestions:
 
* “Archival photo of the Iraqi-built oil refinery in Mogadishu, Somalia”
* “Map highlighting locations of potential lost Iraqi assets across Europe, Asia, and Africa”
* “Somali President Hassan Sheikh Mohamud”
* “Iraqi Prime Minister Mohammed Shia Al Sudani”
* “Graph or visual representing the estimated $90 billion value of Iraq’s forgotten assets”
* “A dilapidated historic building representing a neglected Iraqi asset abroad”      
https://www.iraqinews.com/iraq/iraqi-government-hunts-forgotten-global-assets-saddam-era/

Starting Tomorrow, Payment Cards From These Banks Will Be Suspended Abroad.
 
Economy     2025-05-31 | 07:22  16,893 views  Alsumaria News – Economic  Economic expert Munar al-Obaidi confirmed on Saturday that a large number of electronic payment cards issued by Iraqi banks will no longer work outside Iraq as of June 1.

This is  due to changes in the mechanisms used to enhance the  balances of these cards with global companies such as Visa and Mastercard.  told Al-Obaidi Sumaria News,
 
"Cards belonging to government banks will continue to operate normally, and  cards belonging to private banks that have accounts with US correspondent banks outside the country will remain active." 

He added, "The problem lies with cards issued by banks that do not have accounts with US banks, as
they are currently unable to top up their card balances, which leads to the cessation of their operations abroad." 

 Al-Obaidi pointed out that "the Central Bank of Iraq is currently working on activating a temporary mechanism in cooperation with the Trade Bank of Iraq (TBI) to strengthen the balances of these banks until they open accounts in American banks," stressing that  "the final solution will come when these banks complete their procedures with their correspondent banks in the United States."

 According to Al-Obaidi, What's going on? 
 
"Since the end of 2022, payment cards have become one of the tools used to expel foreign currency from Iraq, especially given the price gap between the parallel market and the official dollar exchange rate, which has put significant pressure on foreign exchange reserves." 

According to the expert, estimates indicate that "foreign spending via cards has reached approximately $10-12 billion annually, a significant figure that has directly impacted the currency market."  

Central Bank Decision
 
Under pressure from this, the Central Bank of Iraq decided to amend its operating procedures.
 
Iraqi banks are now required to replenish their card balances in dollars exclusively through US correspondent banks, to ensure transparency and monitor the flow of funds.
 
However, because many private banks do not currently have such accounts, their cards will not be valid outside Iraq until further notice.  

Al-Abidi confirmed that  Is there a solution soon?

"banks are working to open accounts with US correspondent banks, but until that happens, the problem will remain."
 
He called on citizens to "verify the type of card and the issuing bank, especially for those who rely on it for travel or online shopping abroad."  
  
https://www.alsumaria.tv/news/economy/528202/بدءاً-من-الغد-بطاقات-الدفع-لهذه-المصارف-تتوقف-خارج-البلاد

A Clear Monopoly And Binding Commissions." Observers Warn Of Arab Banks' Dominance Of Currency Sales.
 
Economy     2025-05-31 | 04:38  1,940 views  Alsumaria News – Economic  Economist Mahmoud Dagher confirmed on Saturday that  Arab banks' takeover of the currency exchange window portends an economic catastrophe. ,”

Dagher told Sumaria News  “Arab banks have come to dominate the currency sales window and foreign money transfer operations in Iraq, noting that “this came as a result of the series of US sanctions known as deprivation,
 
which Iraq strictly adhered to due to the great influence of the United States in the global financial system.”

He explained that   “the new reality has opened the way for banks with foreign capital, some with Arab contributions, to work intensively in the field of money transfers,
 
especially after a number of Iraqi banks withdrew from this activity as a result of the sanctions,
which led to a vacuum in the arena that these banks exploited to their advantage.” 

Dagher explained that  "only two or three banks currently control money transfer operations,
which amounted to approximately $80 billion in 2024, which represents a severe concentration in the remittance market."

He noted that  "this concentration has led to the emergence of a clear monopoly, as these banks now
 control trade and  import financing operations in Iraq and  impose commissions as they see fit,  which has negatively impacted diversity and competition within the banking sector." 

He explained that "the state is aware of the seriousness of this situation and is moving toward reforming the banking sector," warning that "any reform must be calm and thoughtful to avoid the creation of powerful financial blocs that monopolize transfer operations."  He stated, "The reform process cannot succeed if it is undertaken hastily or without taking into account market balance.
 
The goal must be to redistribute banking efforts more broadly and prevent a limited number of banks from monopolizing the market." https://www.alsumaria.tv/news/economy/528178/احتكار-واضح-وعمولات-ملزمة-مراقبون-يحذرون-من-هيمنة-مصارف-عربية-على-بيع    

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Sunday Morning 6-1-25

Good Morning Dinar Recaps,

Ripple Presents XRP, RLUSD to Replace SWIFT’s Outdated Payment System

XRP is powering Ripple’s bold challenge to SWIFT’s outdated payment system, offering blazing-fast, low-cost, and transparent cross-border transactions through blockchain and stablecoin innovation.

Ripple Unveils XRP Solution While SWIFT Struggles With Outdated Payment Rails

Ripple shared in a blog post on May 28 that blockchain technology and the digital asset XRP could resolve many long-standing issues in cross-border payments, especially those linked to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network.

The company emphasized the fragility of traditional rails, where outdated systems still rely on manual processes:

“Most cross border payments still rely on manual processes. A typo in an account number, an incorrect SWIFT code or incomplete payment instructions can all cause a transaction to fail.”

“Failed payments don’t just waste time, they also incur costs, create operational headaches and can strain relationships with partners or customers awaiting funds. Reducing manual touchpoints and increasing automation are key to minimizing these risks,” Ripple noted.

Ripple highlighted that these legacy systems, dependent on multiple intermediaries and correspondent banks, suffer from delays, errors, and lack of transparency. Payments often pass through up to five institutions before reaching the recipient—causing uncertainty and racking up fees.

This system, Ripple argued, is incompatible with the demands of modern global commerce. Issues like inconsistent messaging standards, foreign exchange markups, and regulatory complexity add to the inefficiencies and risks of international transactions.

Ripple Payments: A Blockchain-Based Alternative

In response, Ripple introduced its Ripple Payments platform—a blockchain-based system built as a modern, scalable solution to replace SWIFT’s outdated rails.

“Ripple Payments offers a cross-border stablecoin payment solution that is a modern alternative to traditional cross border payment rails,” the company explained.

Ripple’s solution uses XRP and the Ripple USD stablecoin (RLUSD) to enable fast, reliable, and affordable payments across borders. It provides real-time settlement, fee transparency, and lower operational risks, backed by a global payout network covering over 90% of the world’s foreign exchange markets.

While concerns about digital asset regulation remain, Ripple and other blockchain advocates argue that distributed ledger technology (DLT) is key to building a more efficient, inclusive, and future-ready financial infrastructure.

@ Newshounds News™
Source:  Bitcoin News

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BRICS, Euro, & Bitcoin: Why US Dollar Opposition Has Never Been Greater

It’s been a challenging year for the United States, marked by rising macroeconomic pressures and geopolitical tension. Now, the future of the US dollar as the global reserve currency appears more uncertain than ever. With BRICS, the euro, and Bitcoin gaining momentum, opposition to the greenback has never been greater.

Euro, Bitcoin, & BRICS: Can the US Dollar Withstand All Three?

The BRICS alliance has made no secret of its ambition to challenge the dollar’s dominance, but it’s not alone in 2025. Bitcoin has emerged as a hedge against fiat volatility, while Europe is asserting the euro’s international potential more forcefully.

US Vice President JD Vanec recently asserted that Bitcoin does not compete with the US dollar. However, that stance was undermined by a report from Standard Chartered Bank, which projected that Bitcoin is poised to grow stronger as confidence in the dollar wanes.

This adds to the growing pressure on the Western currency. With BRICS ramping up de-dollarization, the euro vying for more global relevance, and Bitcoin rising to an all-time high, the challenges facing the dollar have reached a historic level.

Christine Lagarde Eyes Euro’s Global Role

In a recent report, European Central Bank President Christine Lagarde stated that the shifting geopolitical landscape could present the perfect moment for the euro to increase its international influence. She emphasized the opportunity for the euro to become a stronger competitor on the global stage, further eroding the dominance of the greenback.

Meanwhile, the BRICS coalition is continuing its long-term campaign to de-dollarize—favoring local currencies and regional trade. This strategy has only accelerated amid rising tariffs and protectionist policies from the US.

Bitcoin: Catalyst or Competitor?

Perhaps the most intriguing element is the role of Bitcoin. Ironically, the US itself has played a pivotal role in pushing the cryptocurrency to new heights—culminating in a record-breaking price this year. But as Bitcoin's utility and appeal expand, it increasingly stands as a viable alternative to the US dollar, potentially undermining the very currency that helped boost its value.

With BRICS, the euro, and Bitcoin gaining global traction, the US dollar faces a perfect storm of competition unlike anything in recent history.

@ Newshounds News™
Source:  Watcher.Guru

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Thank you Dinar Recaps

MilitiaMan and Crew: Iraq Dinar Update-Banking Powerhouse-Coming days-UN-IMF-EBRD-IFC Supported-Oil & Gas Law-Salaries-ER

MilitiaMan and Crew:  Iraq Dinar Update-Banking Powerhouse-Coming days-UN-IMF-EBRD-IFC Supported-Oil & Gas Law-Salaries-ER

5-31-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=e_CTVo73qDE

Iraq Economic News And Points To Ponder Saturday Afternoon 5-31-25

Al-Sudani To A Member Of Congress: It Is Necessary To Build A Comprehensive Vision For Iraq That Keeps Pace With Economic Transformation And Development.

Time: 2025/05/31 Read: 1,215 times  {Local: Al Furat News} Prime Minister Mohammed Shia al-Sudani received today, Saturday, Senator Jacky Rosen, a member of the Armed Forces Committee and the Foreign Relations Committee in the US Congress, and her accompanying delegation, in the presence of the Chargé d'Affaires of the US Embassy in Iraq.

A statement from his office, a copy of which was received by {Euphrates News}, stated that: “The meeting discussed the overall Iraqi-American relations and ways to strengthen them in a way that serves common interests, Iraq’s progress in economic recovery, and confirms regional stability.”

Al-Sudani pointed to "the importance of deepening relations with the United States in various fields, continuing bilateral dialogue based on mutual respect, and affirming Iraq's sovereignty and shared values, within the framework of the agreements and strategic partnership between the two friendly countries."

He also highlighted the "need to build a comprehensive vision for Iraq in light of the scale of the economic and developmental transformation taking place in Iraq."

For her part, Senator Rosen affirmed her country's "commitment to building sustainable relations with Iraq," praising "the progress being witnessed in Baghdad and other Iraqi cities, and the Iraqi government's ability to avoid regional conflicts, which underscores Iraq's pivotal role and its growing importance in the region."  LINK

What Is The Truth About Stopping The Use Of Electronic Payment Cards?

Banks  Economy News – Baghdad  Rafidain Bank categorically denied, on Saturday, reports circulating about the suspension of electronic payment cards.

A statement from Rafidain Bank received by Al-Eqtisad News stated, "There is no truth to the circulating news regarding the suspension of electronic payment cards, and no decision has been issued by Mastercard or any relevant official body regarding their suspension."

He explained that "all MasterCard and Visa cards issued by the bank are operating fully and normally inside and outside Iraq."

He pointed out that "Rafidain Bank's digital banking system continues to provide its services without any disruption, and that the bank is committed to ensuring a stable and secure banking experience for its customers at all times."

According to the statement, the bank called on citizens "not to be drawn into malicious rumors and to rely exclusively on news and updates from the bank's official sources." https://economy-news.net/content.php?id=56057

The Prime Minister Confirms Support For The Industrial Sector And Iraqi Goods By 18% Of The Product Value

Economy | 01:17 - 05/31/2025  Mawazine News – Baghdad  Prime Minister Mohammed Shia Al-Sudani affirmed the government's support for the industrial sector in developing production and reducing unemployment, while pointing out the commitment to support manufactured goods inside Iraq with 18% of the product's value for export abroad.

The Prime Minister's media office said in a statement received by Mawazine News that "Prime Minister Mohammed Shia Al-Sudani inaugurated, today, Saturday, the factories of the United Arab Food Industries Company Limited, located in Mahmoudiya District, south of Baghdad on the international highway."

 The statement  added that "the Prime Minister toured the company, its factories and administrative departments, met with its employees, and listened to a detailed explanation of the company's products and the level of production, which represents the first phase of work, and the challenges it faces."

According to the statement, the Prime Minister praised "the efforts of those in charge of the company and its employees," stressing "the government's readiness to provide all facilities and services in order to move to the second phase of expansion in work and production."

He praised the factory, "which represents one of the milestones we are proud of, as it was constructed to modern specifications," stressing "our commitment to supporting the private sector's successful experiences in establishing modern production lines, and as a true partner in advancing the national economy."  https://www.mawazin.net/Details.aspx?jimare=262064

Government Advisor: Iraq Is Third In The Arab World In Cards     

Economy | 11:02 - 05/31/2025  Mawazine News - Baghdad -  The financial advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Saturday, that Iraq's ranking as third in the Arab world in the number of bank cards issued is an important indicator of the development of the financial sector and the growing community and international confidence in government measures.

Salih said in a press statement to the official agency, followed by Mawazine News, that "Iraq will enter the era of fully electronic collection in the middle of this year, and this matter enhances the confidence of financial institutions and global investment banks that Iraq is moving towards a more transparent and professional economy with advanced methods that guarantee economic prosperity."

 He added that "electronic collection will also give the impression that the Iraqi financial environment has become more prepared to receive financial technology solutions and investments in the digital banking and insurance sectors in an attractive and accelerated manner," noting that "this step reflects the strategic government effort seeking to modernize the financial infrastructure and facilitate non-cash transactions."

He continued, "Iraq ranked third in the Arab world in the number of bank cards issued, which is an important indicator of the development of the financial sector and the growing community and international confidence in government measures."

He indicated that "the government is actively pursuing digital financial transformation to achieve advanced levels of sustainable development, in accordance with the indicators of the National Development Plan 2024-2025 and the current government program."

He explained that "the progress achieved by Iraq in the field of using digital banking payments undoubtedly indicates the extent of the accelerated strategic progress achieved in spreading the use of bank cards and the beginning of achieving a structural transformation in the Iraqi economy towards a digital economy."

He stated that "utilizing modern technology will enable Iraq to achieve qualitative leaps in financial inclusion, maximize added value in the national economy, reduce poverty and unemployment, and facilitate economic reforms on a broader scale."

He pointed out that "this matter is also a major success for the government program related to e-governance and the implementation of an integrated and basic digital infrastructure in preparation for the transition to a digital economy and broad financial inclusion."   https://www.mawazin.net/Details.aspx?jimare=262062

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Iraq Economic News And Points To Ponder Saturday Morning 5-31-25

Mazhar Saleh: Evaluating Bank Boards Boosts The Economy And Investor Confidence 

Time: 2025/05/29 22:07:38 Read: 1,935 times  {Economic: Al Furat News} The Prime Minister's financial advisor, Mazhar Mohammed Saleh, affirmed on Thursday that Prime Minister Mohammed Shia al-Sudani's directive to re-evaluate bank boards is a strategic step to support the national economy.

While noting that government reforms will positively impact the quality of banking services, he noted that   modernizing their structure will enhance transparency and increase investor confidence.

Saleh said in a press statement that "Prime Minister Mohammed Shia al-Sudani's directives to re-evaluate the boards of directors of state-owned banks represent a strategic step toward restructuring the Iraqi financial system,  in line with the current banking reform program.

He explained that  this initiative aims to enhance banks' ability to support the real economy and achieve comprehensive development goals." He added, "The success of this step requires  institutional consensus and  ensuring the independence of financial decisions, in addition to optimal investment in national competencies in accordance with international governance standards."

He emphasized that "re-evaluating the boards of directors of government banks, which control more than 80% of banking activity in Iraq,represents a fundamental entry point for launching broader reforms,including digital transformation, modernizing the settlement and payments infrastructure, strengthening oversight and reducing systemic risks, as well as  improving compliance with International financial and monetary standards and  providing an attractive environment for investment."

He continued, "This step comes within the framework of a comprehensive study conducted by the global consulting firm Ernst & Young, which focuses on improving banking governance in the government sector, thus contributing to the restructuring of government banking entities to become more effective in supporting development, investment, and revitalizing the financial market."

 Saleh pointed out that "the Iraqi financial and banking system, especially the governmental one,
faces major challenges in terms of  efficiency,  transparency, and  ability to support economic development."

 He stressed that the Prime Minister's call to reconsider the composition of the boards of directors of government banks aims to correct the course and ensure a healthy environment capable of achieving the required reforms, through the effective application of governance and transparency standards and the efficient representation of decision-makers and government banking policymakers."
 
The financial advisor expected that "the reassessment process will contribute to improving the speed and quality of financial decisions and enhancing risk management,
 
which will support the stability of the financial system and enhance transparency and accountability, thus increasing investor and public confidence."  He pointed out that "these reforms will have a positive impact on the quality of banking services provided, including improved payment, credit, and investment services."  

He stressed that "these measures are part of a comprehensive reform plan for the financial and banking system,
which contributes to advancing economic development by improving financial services and attracting investments, and enhancing the efficiency of financial institutions and resource management in line with the country's financial and development policies."     https://alforatnews.iq/news/مظهر-صالح-تقييم-مجالس-المصارف-يعزز-الاقتصاد-وثقة-المستثمرين    

Baghdad Conference Calls For International Cooperation To Combat Money Laundering
 
Economic 05/29/2025  Baghdad: Hussein Thaghab  Participants in the Anti-Money Laundering and Combating the Financing of Terrorism conference agreed on the need for international cooperation to combat      money laundering and     terrorist financing crimes.
 
This was in light of the significant government support aimed at  improving the status of Iraqi banks in accordance with international standards, and the  United Nations' desire to restore Iraq to the international arena and influence.

Meanwhile,  Iraq's international partners considered the cash sale system for foreign currency to beneficiaries to be the most optimal globally.
 
The Prime Minister's representative, Financial Advisor Dr. Saleh Mahoud, said in a speech:
 
"The conference represents an opportunity to build and strengthen confidence in Iraqi banks, given the government's awareness of the importance of creating a robust banking system operating according to international standards."

He highlighted  the conference's importance and its role in raising awareness among specialists in this field,especially with the increasing challenges facing governments in this area and the crimes it commits,which have negative repercussions on countries.
 
Saleh added that to address these challenges, countries are seeking to develop their anti-money laundering legislation and adopt guidelines, as  weak legislation increases the incidence of crimes. 

 He emphasized that the government has taken significant measures to combat money laundering in line with international standards,  reflecting the government's commitment to developing effective financial performance.

He pointed to the role of the reforms adopted by the government in  developing the financial sector and  improving financial performance, as well as the significant successes achieved in  combating money laundering and terrorist financing.
 
Governor of the Central Bank of Iraq, Dr. Ali Al-Alaq, noted that this conference affirms the continuation of the reform process and the  fight against money laundering and terrorist financing in  cooperation with relevant institutions.

He explained that money laundering crimes are a gateway to destabilizing countries, and  therefore international cooperation with partners is essential to curbing these crimes.

Al-Alaq pointed out that the international assessment results revealed strengths in Iraq's favor in key areas.
 
The international report also highlighted weaknesses in some areas, and we have begun addressing them in a way that mitigates their risks.
 
This reflects Iraq's commitment to  international standards and  building a secure banking system.  He stressed that the  Republic of Iraq has achieved significant results in strengthening the balances of Iraqi banks abroad in a way that keeps them away from problems.

Today,  we have succeeded in opening accounts with correspondents.
 
The Central Bank has also introduced a cash sale system for foreign currencies exclusively for beneficiaries, which international partners consider the best in the world. Furthermore, the  complete automation of work between the concerned parties has represented a qualitative leap in reducing suspicious transactions.
 
We are in the final stages of the process of linking with the relevant departments to complete the work successfully, and work to mitigate the sources of financial crime is ongoing.
 
Al-Alaq commended the Kurdistan Region's active participation in combating money laundering and terrorist financing, and the significant role this step plays in curbing and combating this activity.
 
He noted the  efforts to employ artificial intelligence to regulate financial transactions, and the
     ongoing restructuring and development of government banks in accordance with international standards,   building them on modern and advanced foundations.
 
He also noted the significant successes achieved in developing electronic payments in accordance with international standards.
 
For his part, Wadih Al-Handhal, Chairman of the Iraqi Private Banks Association, stated that the conference addresses a significant topic in the financial landscape, and that its significance is heightened by the challenges facing Iraqi banks in their relationships with international banks.

He emphasized that  most banks have  adhered to transparency and compliance standards and  continue to support the national economy. He added that they believe our banks are capable of making an effective comeback.

He noted that  the banking sector is evolving and     has an ambitious plan in the areas of compliance and money laundering, and that the two-day conference will discuss critical topics that will enhance financial performance in Iraq.
 
UN Secretary-General's Special Representative, Mohammed Hassan, said the forum represents an important milestone in Iraq's journey toward adopting a law to combat financial crimes. He added that the
 
United Nations believes in Iraq's return to its rightful place among the nations of the world, and that 
governance and compliance are important and imperative pillars. He added that we appreciate the efforts of the Central Bank and the Association of Banks to consolidate these pillars, and  we recommend international partnerships to build national capabilities that will advance the financial sector.
 
He highlighted the importance of leveraging successful Arab and international experiences to integrate Iraq into the global financial system, explaining that  technology   is an urgent necessity at this time and     must be coupled with a transparent legislative system.
 
Secretary-General of the Union of Arab Banks, Wissam Fattouh, emphasized the importance of adhering to international standards,  which play a key role in strengthening Arab and international financial relations.

He also pointed to the  need for international partnerships to develop the Arab financial sector, emphasizing that  the goal is to build a secure, flexible, and independent banking sector that serves all sectors of the national economy.
 
Chairman of the Parliamentary Finance Committee, Dr. Atwan Al-Atouni, said: 
"The conference addressed a topic that should receive significant attention, as it is part of global requirements that   help respond to the global financial sector,   preserve its integrity, and   contribute to supporting development efforts."

He emphasized that Iraq has made significant strides in this area,  issuing important directives and creating human cadres with the expertise to enable it to  reduce crime and  adopt the best methods for combating financial crimes.
 
Ziad Khalaf, Vice Chairman of the Board of Directors of the Union of Arab Banks, explained that the 
Iraqi banking sector faces challenges in opening accounts with international banks.
 
Despite banks' compliance with the regulations, some international banks view Iraqi banks as requiring further compliance.  He noted that Iraqi banks are capable of digital transformation, having achieved successes that surpass those of other banks in the region, and are looking forward to building financial institutions that will advance Iraq and serve its people.   
https://alsabaah.iq/115440-.html

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Saturday Morning 5-31-25

Good Morning Dinar Recaps,

US Banking Regulator Calls for Expanded Crypto Financial Literacy

The OCC calls for a major boost in financial literacy to navigate the explosive rise of digital assets, urging updated strategies to protect and inform new crypto investors.

OCC Calls for Stronger Financial Literacy on Crypto

The Office of the Comptroller of the Currency (OCC), the federal agency responsible for overseeing national banks and federal savings associations, has taken steps to clarify the regulatory framework around digital assets in the U.S. banking system.

Acting Comptroller Rodney E. Hood, speaking at the Financial Literacy and Education Commission (FLEC) on May 29, 2025, highlighted the increasing importance of cryptocurrency and digital assets in financial services.

“Everyone in the financial ecosystem – including financial educators – should carefully monitor the rapidly changing financial marketplace and update financial education strategies accordingly.

For example, in 2023, almost 5 percent of all households owned or used cryptocurrency, with more than nine in 10 of those holding it as an investment,” Hood said, adding:

“Given the level of interest, expanding financial literacy resources to address digital asset investments may be useful.”

Hood’s comments reflect the OCC’s role in ensuring that banks can engage with digital assets in a regulated and secure manner.

The Acting Comptroller also discussed the need for financial educators to update their strategies to address the growing number of consumers engaging with digital assets — many of whom are first-time investors.

He suggested that financial literacy programs should help these new investors understand the risks and opportunities of digital assets. The OCC has long supported financial education, and Hood emphasized that these efforts should now include resources on emerging financial products like cryptocurrency.

This approach aligns with the OCC’s recent guidance, released in May, which confirmed that national banks and federal savings associations are authorized to provide cryptocurrency-related services, such as custody and execution, as long as proper risk management practices are in place.

“The federal banking system is well positioned to engage in digital asset activities,” the OCC recently said.

The OCC’s position shows a cautious but supportive approach to integrating digital assets into the banking system, while also stressing the importance of consumer education and safety.

@ Newshounds News™
Source:  Bitcoin.com

~~~~~~~~~

BRICS: US Risks Losing $7.5 Trillion Worth of Asian Assets

The BRICS alliance and all Asian countries combined have an investment worth $7.5 trillion in US assets, including bonds. For decades, the global financial gameplay was simple and easy to understand. Asia had an effortless strategy: sell goods to the US, and in return, invest the proceeds into American financial assets.

Things are now changing under the Trump administration, after the US President disrupted the smooth flow of global trade.

The tariffs and trade wars have rubbed emerging economies the wrong way, and things could turn worse if BRICS and other Asian countries put their own nations first and stop depending on US assets for financial benefits. The unwinding of the $7.5 trillion has already begun on a small scale, according to some of the world’s biggest money managers, speaking to Bloomberg.

These money managers warned that if the US fails to halt the outflow, the future could be bleak.

BRICS: $7.5 Trillion Asian Assets Sell-Off Could Shake the US Markets

For those unfamiliar with this financial shift, the sell-offs in US assets have already been initiated by BRICS. Since 2024, China alone has dumped $150 billion worth of US Treasuries and bonds, choosing to diversify its reserves.

Not just China—many developing nations have sold US assets and purchased gold to diversify their central banks' holdings. Hoarding the US dollar is seen as increasingly risky, especially as the debt ceiling has surged past $36 trillion.

“We are in a shifting world order and I do not believe that we will go back to the state of things as we had before,” said Virginie Maisonneuve, Chief Investment Officer at Allianz Global Investors.

“It is an evolution from the World War Two order and is partially triggered by China rivaling the US in economic and technology terms,” she added.

If BRICS and Asian countries pull the plug on their $7.5 trillion investments in Treasuries and bonds, the US financial markets could be severely shaken.

@ Newshounds News™
Source:  Watcher.Guru

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“Tidbits From TNT” Saturday Morning 5-31-2025

TNT:

Tishwash:  UN: Iraq will become a banking powerhouse both domestically and internationally

 UN Secretary-General's Special Representative, Mohammed Al-Hassan, confirmed that Iraq will become a banking powerhouse both domestically and internationally .

Al-Hassan said in a statement to the Iraqi News Agency (INA) today, Friday, that "the words spoken during the conference on money laundering and combating the financing of terrorism indicated that Iraq is facing a regional and international challenge to restore its status ."

He added, "The Iraqi economic system cannot be complete without an effective financial sector, both domestically and internationally," noting that "Iraq is committed to taking positive steps to restore confidence in the financial and banking sector in Iraq ."

Al-Hassan stressed that "the United Nations supports Iraq's path, which will become, in the coming days, a banking power that interacts internally and externally," emphasizing that "the fight against terrorism is not a scourge that has afflicted Iraq alone, but the entire world, and the sacrifices that Iraq has made in lives and money are not trivial or small ."

He noted that "these sacrifices must be completed, extended, and continued to restore Iraq's position in the financial and banking sector   link

Tishwash:  The US intervenes in the salary funding crisis between Baghdad and Erbil.

The US State Department called on the federal government and the Kurdistan Region to abide by the financial payments stipulated in the Iraqi constitution and work to resolve their differences through constructive dialogue.

A US State Department official said, "Swiftly resolving the salary issue sends a message that Iraq puts the interests of its people first and creates an attractive environment for investment," noting that "it would also be a positive signal regarding the possibility of reopening the Iraq-Türkiye pipeline."

He stressed that "US support for the Kurdistan Region is a key component of its relationship with Iraq," noting that "US Secretary of State Marco Rubio recently hosted the Prime Minister of the Kurdistan Region, Masrour Barzani, and also spoke with the President of the Region, Nechirvan Barzani, where they emphasized the importance of continued cooperation to promote stability and prosperity in Iraq and the region."

These statements come as the Kurdistan Region's civil servants' salaries are facing a new crisis, following the federal Ministry of Finance's announcement that it would halt funding for May 2025 salaries. The announcement was made due to what it described as the region's exceeding its budget share and its failure to deliver oil and non-oil revenues.

Erbil recently signed two agreements with American companies worth more than $110 billion in the energy sector. This sparked criticism in Baghdad, which considered it an infringement of its sovereign powers. Erbil, however, views the agreements as part of its plan for economic reform and resource development.   link

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Tishwash:  Baghdad joins the Smart Cities Club: The Municipality adopts digitized transactions to serve citizens.

The first signs of a serious shift toward the concept of smart cities have begun in the capital, Baghdad, through rapid digital steps adopted by the Baghdad Municipality to modernize the performance of its institutions and facilitate citizen transactions.

The Baghdad Municipality has expanded its planning vision to include sustainable development and urban technology, building on the Iraqi state's approach to linking municipal services with advanced digital systems. These systems help reduce bureaucracy, improve performance efficiency, and meet the needs of residents in a changing urban environment.

These initiatives reflect the Secretariat's clear direction to move beyond traditional management and service approaches and enter a qualitative phase based on the integration of digital transformation, environmental planning, and service innovation, positioning Baghdad as a city connected to the global urban fabric of the future.

Baghdad Mayor Eng. Ammar Musa Kazim announced the capital's entry into a new phase of digital transformation by modernizing the mechanisms for processing citizen transactions in Baghdad Municipality departments. This represents a first step toward a smart and sustainable Baghdad, inspired by global models of urban development.

During his participation in the Iraqi Smart Cities Conference, organized by the Federation of Iraqi Chambers of Commerce in cooperation with the International Chamber of Commerce, he emphasized that the Secretariat has begun to play a leading role in addressing urban challenges through the digitization of its services, and its participation in the Arab Smart Cities Forum enhances opportunities for exchanging experiences and expertise with advanced Arab cities.

He explained that the municipality has launched new applications to receive citizens' complaints digitally and has developed a construction transaction system to reduce direct contact and increase transparency and speed, reflecting a gradual transition towards an electronic city with e-government and identity services.

He pointed out that the launch of the implementation work for the New Sadr City project came as a model for a smart and sustainable city that takes into account modern environmental and architectural standards, in parallel with other ambitious projects such as the Sustainable Baghdad Forests and the waste-to-electricity project, indicating a comprehensive approach to redefining the capital's service and environmental infrastructure.

In separate posts on the X platform, observers highlighted the importance of these initiatives in addressing the accumulated burden of decades of service decline and haphazard planning.

Journalist Hussam Al-Taie wrote: "Finally, we're hearing about a smart Baghdad... digital transformation is not a luxury, but a tool for urban justice." Engineer Suha Al-Lami tweeted: "If the Baghdad Municipality adheres to the digital roadmap, we will witness a real transformation in people's lives."

This leap forward is based on the Baghdad Municipality's vision to catch up with major Arab cities, after years of absence from the sustainable urban development map. The city seeks to make the capital a practical testing ground for future city ideas, rather than merely a theoretical imitation of others' experiences.  link

Mot: .. No Quitter Am I!!!  

Mot: . Yeppers!!! --- Been This Way Alot!!!! Lately!!!!  

MilitiaMan and Crew: Iraq Dinar Update-Integration-Global Financial System-Meta & Google Interest-UN-A Banking Powerhouse

MilitiaMan and Crew:  Iraq Dinar Update-Integration-Global Financial System-Meta & Google Interest-UN-A Banking Powerhouse

5-30-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=5okLJIx7byY

Iraq Economic News And Points To Ponder Friday Afternoon 5-30-25

Amid Anticipation Of The OPEC+ Decision, Oil Is Heading For A Weekly Decline.

Economy | 05/30/2025  Mawazine News - Follow-up:  Oil prices are heading for a weekly decline of more than 1% during Friday's trading, amid volatility in court decisions regarding US tariffs and the market's anticipation of a possible increase in OPEC+ production.

Brent crude futures fell 26 cents, or 0.41%, to $63.89 a barrel by 0104 GMT. Brent July futures expire on Friday.  US West Texas Intermediate crude fell 27 cents, or 0.44%, to $60.67 a barrel, according to Reuters data.

A US federal appeals court temporarily restored President Donald Trump's tariffs on Thursday, overturning a trade court's decision on Wednesday that had suspended their implementation.

The decision caused oil prices to fall by more than 1% on Thursday as traders assessed its impact. Analysts said uncertainty would continue as the court battles over the tariffs continue.

The OPEC+ alliance, which includes the Organization of the Petroleum Exporting Countries (OPEC) and its allies, is expected to decide to increase oil production in July when it meets on Saturday.

OPEC is also seeking to ensure that some countries, such as Kazakhstan, reduce their production, which exceeds agreed-upon levels.  https://www.mawazin.net/Details.aspx?jimare=262038

Find Out The Quantities Of Iraqi Oil Exports In The First Third Of 2025.

Economy | 01:01 - 05/29/2025   Mawazine News - Baghdad -  The Iraqi Oil Marketing Company (SOMO) revealed on Thursday that the country's crude oil exports during the first third of the current year exceeded four million barrels.

According to SOMO statistics reviewed by Mawazine News, "Iraq's total oil exports during the first four months of the current year amounted to 406,062,835 barrels, at a rate of 101,515,713 barrels per month."

The statistics showed that "the total exported from Basra and central fields through Iraqi ports amounted to 392,178,537 barrels, while the total exported from Qayyarah field in Kirkuk amounted to 3,789,906 barrels."

They also indicated that "oil exports from the modern Kirkuk depot to Jordan during this period amounted to 1,339,410 barrels."

According to its statistics, SOMO stated that "financial revenues from exports for the past two months of March and April amounted to $14 billion, 454 million, 815 thousand, and 947." https://www.mawazin.net/Details.aspx?jimare=262008

Iraq Stock Exchange Indices Rose During The Fourth Week Of May

Economy | 03:57 - 05/29/2025  Mawazine News - Baghdad -  The Iraq Stock Exchange announced, on Thursday, the weekly trading indicators for the fourth week of May 2025, indicating a rise in the two main trading indicators and a noticeable activity in the trading volume.

The market stated in a statement received by Mawazine News that it "organized five trading sessions during the week extending from Sunday (May 25) to Thursday (May 29), indicating that the number of traded shares exceeded 6 billion shares, while the value of trading amounted to more than 11 billion Iraqi dinars."

It added that "the general trading index (ISX60) opened the first session of the week at (1002.79) points, to close at the end of the week at (1017.58) points, recording an increase of (1.45%). The (ISX15) index also recorded an increase of (1.90%), as it rose from (1123.69) points at the beginning of the week to (1145.42) points at the end."

The statement indicated that "(3,894) buy and sell contracts were executed on shares of companies listed on the market during the week's sessions, which reflects a noticeable activity in trading and market movement."   https://www.mawazin.net/Details.aspx?jimare=262019

Gold Prices Rise As Investors Buy

Thursday, May 29, 2025,  | Economic Number of reads: 298  Baghdad / NINA / Gold prices rose on Thursday, as investors rushed to buy after the decline in the yellow metal's prices.   Gold futures for August (Comex) rose by 0.46% to $3,343.50 per ounce.

Spot contracts for the yellow metal rose by 0.65% to $3,322.36 per ounce, according to trading data. / End   https://ninanews.com/Website/News/Details?key=1229635

The Dollar Exchange Rate Rose Against The Dinar In Local Markets 

Thursday, May 29, 2025 | Economic Number of reads: 233  Baghdad / NINA / The dollar prices rose in the markets of Baghdad and Erbil, on Thursday, with the closing of the stock exchange at the end of this week.

The dollar prices witnessed a rise with the closing of the Al-Kifah and Al-Harithiya stock exchanges, recording 141,200 dinars for every $100, while this morning it recorded 140,800 dinars for every $100.

The selling prices in the exchange sector in the local markets in Baghdad recorded an increase, as the selling price reached 142,250 dinars for every $100, while the purchase price reached 140,250 dinars for every $100.

In Erbil, the dollar also recorded an increase, as the selling price reached 141,350 dinars for every $100, and the purchase price reached 141,200 dinars for every $100. /End https://ninanews.com/Website/News/Details?key=1229679

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/