With The Lockdown, The Dollar Exchange Rate Has Risen In Baghdad.
Economy | 23/11/2025 Mawazin News – Baghdad: The US dollar rose against the Iraqi dinar on Sunday evening in Baghdad markets as the stock exchange closed.
The dollar reached 141,900 dinars per 100 dollars in Baghdad’s main exchanges, Al-Kifah and Al-Harithiya, compared to 141,200 dinars per 100 dollars earlier in the day.]
Currency exchange shops in Baghdad also saw an increase, selling at 143,000 dinars per 100 dollars and buying at 141,000 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=270707
November 23, 2025 Baghdad – Al-Zaman The Ministry of Labor and Social Affairs in Iraq issued a clarification on Sunday regarding the statements of its Minister, Ahmed Al-Asadi, concerning the withdrawal of 2.5 trillion dinars from the Social Welfare Fund.
The Ministry explained that the Minister’s statement came within the framework of a future vision to finance subsidies from investment returns, and that the reference was to the temporary liquidity of banks and not to the loss of funds.
It emphasized that the rights of beneficiaries are protected and documented in official records and supported by what was stated in the official letter of Al-Rafidain Bank.
The Ministry of Finance described Al-Asadi’s statements as inaccurate, noting that no amount had been withdrawn from the account, but rather it had been temporarily frozen, and that the central account of the Social Protection Network has been funded since 2015 for the purpose of disbursing salaries only, in accordance with the Social Protection Law No. 11 of 2014, and that some of the amounts recovered from the smart cards are still in the account and have not been withdrawn. It also indicated that the Ministry of Labor did not follow up on the balance with the correct reconciliation with the bank.
The Federal Financial Control Bureau indicated that the accounts were subject to a comprehensive audit, and it was found that there were uses outside the nature of the account that were not carried out by the Ministry of Labor, and that the amounts transferred from the Ministry of Finance and returned from smart cards are still in the account, with a request for a detailed analysis of the revenues, stressing that all rights are reserved and in accordance with the official records.
Rafidain Bank announced that the actual balance of the Social Protection Network account is 2,495,921,687 trillion dinars, while the balance of the Social Protection Authority Fund amounts to 390 billion dinars, and all balances are fully available without any shortage or withdrawal, and that its role is limited to holding accounts and executing official disbursement orders without any interference in the decisions of ministries, and no request for investment or withdrawal or any judicial notification has reached it.
Tweets and local reports showed that the minister’s statements caused media confusion, with analysts describing the news as a misunderstanding of the terms of temporary liquidity, while others saw it as an attempt to highlight the need for financial and investment reforms in the Social Welfare Fund, stressing that financial and legal oversight protects citizens’ money and confirms the transparency of operations. LINK
Iraqi Oil Exports To America Decline During The Week
Energy Economy News – Baghdad The U.S. Energy Information Administration announced on Sunday that Iraqi oil exports to the United States fell by 57,000 barrels last week.
The administration stated in a statistic seen by “Economy News” that “the average US imports of crude oil during the past week from nine major countries reached an average of 5.337 million barrels per day, an increase of 667,000 barrels per day compared to the previous week, which reached an average of 4.670 million barrels per day.”
She added that “Iraq’s oil exports to America averaged 149,000 barrels, down 57,000 barrels per day from the previous week, which averaged 149,000 barrels per day.”
The administration noted that “most of the oil revenues for the United States during the past week came from Canada at a rate of 3.763 million barrels per day, followed by Mexico at 380,000 barrels per day, Colombia at an average of 376,000 barrels, and Nigeria at a rate of 174,000 barrels per day.”
According to the table, the amount of US crude oil imports from Venezuela averaged 173,000 barrels per day, from Saudi Arabia 139,000 barrels per day, from Brazil 136,000 barrels per day, and from Libya 104,000 barrels per day, while no quantity was imported from Ecuador during the past week.
The United States imports most of its crude oil and derivatives from these ten major countries, and America’s daily oil consumption is about 20 million barrels, making it the world’s largest oil consumer. https://economy-news.net/content.php?id=62610
Al-Rasheed Bank Launches Deposit And Transfer Service For Retirees
Sunday, November 23, 2025 13:49 | Economy Number of views: 232 Baghdad/ NINA / Al-Rasheed Bank announced on Sunday the launch of a deposit and transfer service for retirees.
In a statement, the bank said, “The deposit and financial transfer service has been launched via the ‘Nakheel’ card for retirees, in a step aimed at facilitating the management of salaries and financial transactions for this segment.”
It explained that “the service enables retirees to conduct deposit and financial transfer operations easily and securely, and provides them with greater flexibility in accessing their financial entitlements,” noting that “this initiative comes within the bank’s efforts to promote financial inclusion.” https://ninanews.com/Website/News/Details?key=1263336
Iraq Participates In The Market 2.0 Conference To Keep Pace With Developments In Financial Technology
Money and Business Economy News — Baghdad The Securities and Exchange Commission participated today, Sunday, in The Market 2.0 conference to keep up with developments in financial technology.
A statement from the commission, received by “Al-Eqtisad News,” stated that “the Chairman of the Securities Commission, Faisal Al-Haimas, participated, along with the Executive Director of the Iraq Stock Exchange and the Chairman of the Board of Governors, in the activities of The Market 2.0 conference, which is being hosted by the Kingdom of Bahrain and organized by the Federation of Arab Capital Markets in cooperation with the Bahrain Stock Exchange.”
He added, “This participation comes within the framework of the Securities Authority’s keenness to keep pace with global developments in the field of financial technology and digital transformation, to learn about the latest innovations in trading systems, and to enhance expertise in developing the technical infrastructure of financial markets.”
He explained that “the visit also aims to enhance cooperation with regulatory bodies and Arab financial markets and to exchange leading experiences that contribute to developing the regulatory framework and supporting the investment environment in Iraq.” https://economy-news.net/content.php?id=62613
Transportation: The Faw Port Canal Will Give Iraq A Competitive Advantage And Generate Significant Profits.
Time: 2025/11/23 Reading: 60 times {Local: Al-Furat News} The Iraqi Ports Company announced today, Sunday, that it has put in place plans to invest in the navigation channel at the port of Al-Faw.
The company’s general manager, Farhan Al-Fartousi, said in a press statement: “There are future plans to invest in the navigation channel in the port of Al-Faw, as we have plans to invest in the territorial waters, but when we have a separate navigation channel, this is one of the most important investments in navigation channels, as it is 23 kilometers long towards the sea, while the territorial waters are 12 nautical miles.”
He added that “this project is one of the investments that generates large profits for the country as a result of the difference in transportation costs. The Umm Qasr port, with a depth of 12.5 meters, will have small ships that will cost carriers and traders a difference in transportation costs, unlike if transportation were done through the Faw port.”
He pointed out that “this represents a major competitive advantage for the port of Faw in order to increase the volume of trade exchange, and to make it the economic gateway for Iraq to the largest economic project in the Iraqi state, which is the Development Road project.” LINK
Al-Ubaidi reveals a huge gap between Central Bank funding and 2024 border crossing data
Time: 2025/11/22 19:41:37 Readings: 105 times
{Economic: Al-Furat News} The head of the Iraq Future Foundation for Economic Studies and Consultations, Manar Al-Obaidi, stated that the 2024 data revealed a huge numerical paradox in the Iraqi economy, represented by a huge gap between what the Central Bank finances and what the border crossings record.
Al-Ubaidi said in a statement, a copy of which was received by Al-Furat News, that: “While the Central Bank announced that Iraq’s imports exceeded the $87 billion mark, with actual external transfers to cover them amounting to more than $80 billion, the data from the Iraqi Customs Authority came out completely different, as it recorded the entry of goods with a total value that did not exceed $39 billion.”
He added, “This discrepancy, which exceeded $47 billion, was blatantly concentrated in specific sectors, as the Central Bank financed imports of machinery and transport equipment worth $33.6 billion, while customs only recorded $14.8 billion, a difference of more than $18.7 billion in this item alone.”
Al-Obaidi continued, “A significant disparity also emerged in ‘miscellaneous manufactured goods,’ where the Central Bank covered imports worth $13.8 billion, compared to a modest customs registration of only $2.2 billion.”
He explained that “in the face of this clear waste and ambiguity in the data, hopes are currently pinned on the ‘Customs Automation’ project and the application of the unified global commodity classification at border crossings, as it is hoped that the digital transformation and precise networking will bridge this gap and ensure that the movement of funds matches the movement of goods, which will enhance the efficiency of the state’s financial and regulatory system.” LINK
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