Fluctuations In The Dollar Exchange Rate In Iraqi Markets
economy | 04/09/2025 Mawazine News – Baghdad – The exchange rate of the US dollar against the Iraqi dinar witnessed fluctuations on Thursday in the markets of the capital, Baghdad, and Erbil.
The dollar price rose on the two main stock exchanges, Al-Kifah and Al-Harithiya, in Baghdad, to 143,050 dinars for every $100, while it recorded 142,800 dinars for every $100 on Wednesday.
Selling prices in exchange shops in the local markets in Baghdad rose, with the selling price reaching 144,000 dinars for every $100, and the buying price reaching 142,000 dinars for every $100. https://www.radionawa.com/Babetekan.aspx?Babet=1
Gold, Palladium, And Platinum Decline With Market Volatility
economy | 04/09/2025 Mawazine News – Follow-up: Gold fell on Thursday due to profit-taking after hitting an unprecedented peak, supported by expectations of a US interest rate cut, while investors awaited important US jobs data scheduled for release this week.
Spot gold fell 0.3% to $3,546.73 per ounce, as of 01:53 GMT, after reaching a record high of $3,578.50 on Wednesday. US futures for December delivery also fell 0.8% to $3,605.60 per ounce.
US stocks were mostly higher on Wednesday, with the Dow Jones Industrial Average closing almost flat, the S&P 500 rising about 0.5%, and the Nasdaq Composite rising 1%. https://www.mawazin.net/Details.aspx?jimare=266187
Oil Falls More Than 2% Amid Anticipation Of OPEC+ Decisions
economy | 04/09/2025 Mawazine News – Follow-up: Oil prices fell on Thursday, continuing their more than 2% decline in the previous session, as investors and traders looked ahead to the OPEC+ meeting at the end of the week, where producers are expected to consider further increases in production targets.
Brent crude fell 27 cents, or 0.40%, to $67.33 a barrel by 01:14 GMT, while US West Texas Intermediate crude fell 28 cents, or 0.44%, to $63.69 a barrel.
Two sources familiar with the matter said that eight members of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, will consider further production increases at their meeting on Sunday, in an attempt by the group to regain market share.
OPEC+ had already agreed to raise production targets by about 2.2 million barrels per day from April to September, in addition to increasing the United Arab Emirates’ quota by 300,000 barrels per day. https://www.mawazin.net/Details.aspx?jimare=266185
Iraq Ranks High Globally In The Use Of Cryptocurrencies.
economy | 01:42 – 04/09/2025 Mawazine News – Baghdad – The Global Cryptocurrency Adoption Index (GCI) revealed that Iraq ranked relatively high, ranking among the top third of countries worldwide using cryptocurrencies.
The sixth edition of the GCI reveals the extent of cryptocurrency adoption at the grassroots level. The index consists of four sub-indices and ranks 151 countries, assigning a final score between 1 and 0. The closer a country’s score is to 1, the higher its ranking in cryptocurrency adoption.
Iraq ranked 44th globally out of 151 countries, placing it among the top third in cryptocurrency adoption. With a score of 0.05, Iraq outperformed Saudi Arabia, Oman, Kuwait, the UAE, Qatar, and Bahrain. However, Turkey, Yemen, and Jordan outperformed Iraq.
Data indicates that the Asia-Pacific region was the fastest-growing region for cryptocurrency supply chain activity, with a 69% year-on-year increase in value received over the past 12 months.
Total cryptocurrency transaction volume in the Asia-Pacific region rose from $1.4 trillion to $2.36 trillion. https://www.mawazin.net/Details.aspx?jimare=266202
German Ambassador: Access To Finance Guide Will Develop Iraq’s Financial Sector
Buratha News Agency1582025-09-03 The Chargé d’Affaires of the German Embassy in Iraq, Roland Westebe, confirmed on Wednesday that the Access to Finance Guide is a strategic step for small and medium-sized enterprises (SMEs).
He pointed out that the cooperation with the Central Bank aims to strengthen and support the financial sector in Iraq for the coming years. Westebe told the official agency, “The Access to Finance Guide offers many financial services, but SMEs are unable to access them because there is a lack of information available to them, or it may be offered privately.”
He also pointed out that “the guide will be the primary reference for small and medium-sized enterprises to understand the types of services provided and how to access and evaluate them.”
He added, “The project is a major strategic step towards improving access to financing for small and medium-sized enterprises and enhancing the financial sector in Iraq, in cooperation with the Central Bank and the Association of Banks,” noting that “we will continue to provide support to the Iraqi financial sector in the coming years.” https://burathanews.com/arabic/news/464616
MP: More Than 30 International Companies Are Interested In Entering The Renewable Energy Market In Iraq.
E+conomy | 04/09/2025 Mawazine News – Baghdad – MP Mudhar Al-Karwi revealed on Thursday the desire of more than 30 international companies to invest in the renewable energy sector in Iraq.
Al-Karwi said, “Iraq represents a locomotive for renewable energy, especially in the field of electricity generation from solar panels, given its ideal climate for this purpose, the possibility of supplying the produced energy to the national grid, and the large space available for local consumption.”
He added, “Iraq has been suffering for many years from a worsening electricity crisis, with total consumption exceeding 40,000 megawatts,” noting that “more than 30 countries and international companies have expressed their desire to engage in the renewable energy investment market, with efforts to establish strategic partnerships that will become more evident in 2026 through the implementation of more than ten important projects in stations with different production capacities in Diyala, Salah al-Din, and Kirkuk, in addition to some governorates of the middle and southern Euphrates.”
Al-Karwi emphasized that “Iraq is capable, within the next five years, if renewable energy projects are implemented, of securing between 10 and 15% of its electricity needs through renewable energy, once all established plants are operational and producing.”
For years, Iraq has relied on Iranian gas to operate a large portion of its power plants, given its weak domestic production and the delay in associated gas investment projects. Despite Baghdad’s attempts to diversify its energy sources, US sanctions imposed on Tehran complicate this issue. Washington grants temporary waivers to Iraq allowing it to import, but these are subject to periodic reviews, keeping the energy file hostage to geopolitical tensions.
This comes at a time when Iraq is suffering from a chronic electricity crisis that worsens during the summer, making any sudden decision to halt Iranian supplies a threat to the stability of the electricity system.
Between US pressure and the urgent need for energy, the Iraqi government is searching for alternative solutions that guarantee its energy security without compromising its international obligations. https://www.mawazin.net/Details.aspx?jimare=266218
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