Government Advisor: The Iraqi Dinar Is Stable, But The Parallel Market Is Witnessing A Significant Decline In The Value Of The Dollar.
Time: 2025/06/13 00:40:12 Reading: 1,830 times {Economic: Al Furat News} The Prime Minister’s advisor for financial affairs, Mazhar Mohammed Salih, confirmed that the Iraqi dinar is witnessing remarkable stability, noting that the stability of the exchange rate represents an important indicator in financing the demand for external transfers for trade purposes at a fixed and stable rate.
Saleh told Al Furat News Agency, “The success of monetary policy in adopting solid operational targets for external transfers, particularly for import financing purposes, has had a significant impact on this stability.”
He added, “This policy is supported by highly commercially efficient foreign reserves, covering more than 15 months of imports, compared to the global standard of no more than three months as an indicator of the role of foreign reserves in price stability.”
The Prime Minister’s advisor explained that this “indicates a broad decline in the parallel exchange market during the current year,” stressing that this decline “has had a positive impact on lower inflationary expectations.” LINK
Despite market closures, the dollar rises to a record high in Iraq.
Buratha News Agency1542025-06-13 The dollar exchange rate rose against the Iraqi dinar today, Friday (June 13, 2025), during trading on the main stock exchange and the local market.
A press source said that the dollar exchange rate reached 147,000 dinars for every 100 US dollars on the main stock exchange in the capital, Baghdad.
While the US dollar exchange rate yesterday recorded 143,350 dinars for every $100 on the main stock exchange in the capital, Baghdad. https://burathanews.com/arabic/economic/461333
The Iraqi Economic Council decides to postpone the Iraq Investment Forum until further notice.
Friday, June 13, 2025 11:50 | EconomicNumber of reads: 247
Baghdad / NINA / The Iraqi Economic Council decided to postpone the Iraq Investment Forum until further notice due to the unstable repercussions in the region. / End https://ninanews.com/Website/News/Details?key=1234061
Gold Records A Huge Jump After The Israeli Strike Against Iran.
Stock Exchange Gold prices continued their rise on Friday evening, recording their highest level in nearly two months.
Prices are heading for weekly gains amid strong investor appetite for safe-haven assets following the Israeli aggression on Iran.
Spot gold rose 1.2% to $3,423.30 per ounce by 0544 GMT, after reaching its highest level since April 22 earlier in the session. The precious metal is up about 3.4% so far this week. US gold futures rose 1.2% to $3,444.50. https://economy-news.net/content.php?id=56259
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