Tishwash: Oil Price Reset in Budget” Bloomberg: Salaries in Iraq Under “Pressure”
Bloomberg , the international economic network, revealed today, Tuesday, April 15, 2025, the existence of what it described as “Iraqi government efforts” to reset the price of a barrel of oil in the 2025 budget, after it lost about 13% of its total value during the current month as a result of fears of an economic recession following the trade war declared by US President Donald Trump.
The network reported, as translated by Baghdad Today, that Iraqi officials confirmed to it that the government is currently considering “resetting the price of a barrel of oil” in the remaining 2025 budget, with the aim of determining the government’s ability to cover operating costs, most importantly salaries, based on the new oil prices.
She continued, “The decline in oil prices places additional pressure on countries that rely on oil for their revenues, especially Iraq, which relies almost entirely on oil revenues to cover its operating budget and finance the reconstruction of its infrastructure destroyed by years of war.”
The network also noted that adjusting the price of a barrel of oil in the budget will help the Iraqi government develop a realistic picture of its ability to cover operating costs, in addition to exploring ways to reduce spending as global prices continue to decline. link
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Tishwash: Trade Bank of Iraq launches free cash deposit service via ATMs
The Trade Bank of Iraq announced on Tuesday the availability of a free cash deposit service via ATMs for its bank cardholders, stating that this service aims to simplify procedures and provide faster and easier services to citizens.
The bank’s media advisor, Aqeel Al-Shuwaili, said in a statement reported by the official news agency, and reviewed by “Al-Eqtisad News”, that “the cash deposit service is available to holders of the bank’s cards (Visa, Mastercard) issued in Iraqi dinars only,” noting that “the service is free and does not require any additional fees.”
Al-Shuwaili explained that “the maximum limit for a single deposit transaction is 5,000,000 Iraqi dinars, provided that the number of banknotes does not exceed 150, while the maximum monthly deposit limit is 13,200,000 Iraqi dinars,” noting that “other deposits made through the bank’s mobile application or through branch cashiers are counted within the specified monthly ceiling.”
He explained that “the cash denominations accepted through ATMs are: 10,000, 25,000 and 50,000 Iraqi dinars,” calling on customers to “withdraw the transaction receipt after depositing, as it includes its details, in addition to sending a notification of the deposited amount to the customer’s email.”
He stressed that “the cash deposit service is available through ATMs in the following locations:
* Main Branch: Al-Harithiya – Al-Kindi Street – Building No. (4).
* International Zone Branch: Al-Tashree’ District – Green Zone – Block 228.
* Al-Mansour Branch: 14 Ramadan Street – next to Shamisani Restaurant.
* Al-Tahrir Branch: Al-Rashid Street – Building No. (11) – next to the Artists Syndicate.
* Erbil Branch: Waziran – Zakros Street – opposite Sami Abdul Rahman Park.
Haibat Khatun Branch: Al-A’dhamiyah – Omar bin Abdul Aziz Street.
* Al-Saydiya Branch: Al-Alwa Street – opposite SAS Toyota Company.
* Al-Masbah Branch: Al-Karrada – Al-Masbah Intersection – near Dijlah Village. link
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Tishwash: A KDP leader: The Kurdistan Region will convince oil companies to resume exports.
Kurdistan Democratic Party (KDP) leader Wafaa Mohammed Karim confirmed that the Kurdistan Region will seek to persuade oil companies operating within its borders to resume oil exports as part of joint efforts between the federal government and the region to resolve the oil crisis.
Karim told Furat News, “Among the important topics discussed by Prime Minister Mohammed Shia al-Sudani during his visit to the region was the extent of the losses incurred by Iraq due to the halt in Kurdistan’s oil exports over the past two years, which amounted to $23 billion.”
He added, “The region will work diligently to persuade oil companies to resume exports, as part of the recent understandings aimed at ending the stalemate on this issue.” link
