The Central Bank Denies Any Intention To Change The Exchange Rate Of The Iraqi Dinar
Economy | 04:14 – 24/11/2025 Mawazin News – Baghdad: The Central Bank of Iraq affirmed its support for exchange rate stability, bolstered by ideal levels of foreign currency and gold reserves, while indicating that there is no intention to adjust the Iraqi dinar’s exchange rate.
In a statement, the bank said, “As we approach the end of 2025, the Central Bank of Iraq announced significant progress in its strategic objectives related to maintaining price stability.
The inflation rate has fallen to historically low levels, among the lowest in the region, supported by its monetary policies and well-considered measures, despite current economic challenges.”
The statement clarified that “Law No. (56) of 2004, particularly Article 1/4/A, clearly defines its core functions in formulating and implementing monetary policy, including exchange rate policy,” emphasizing “the absence of any intention to adjust the Iraqi dinar’s exchange rate, in line with its central objective of ensuring price stability, an objective that has been successfully achieved in the past period.”
The statement emphasized that “the Central Bank continues to support exchange rate stability, bolstered by ideal levels of foreign currency and gold reserves.”
It affirmed its “continued commitment to covering all banks’ requests for external financing in US dollars and other foreign currencies such as the Chinese yuan, Turkish lira, Indian rupee, and UAE dirham, in addition to the ongoing processing of bank card settlements and personal transfers through MoneyGram and Western Union, as well as cash sales for travel purposes,” noting that “there is no pressure on current foreign reserves.”
The statement further clarified that “any external statements or opinions regarding changes to the Iraqi dinar exchange rate do not reflect the Central Bank’s position and represent speculations aimed at disrupting the market, inciting speculation, and undermining the stability of the national economy.”https://www.mawazin.net/Details.aspx?jimare=270745
Dollar Exchange Rates Rise In Baghdad And Erbil Markets
Monday, November 24, 2025 11:04 | Economy Number of views: 216 Baghdad/ NINA / The exchange rate of the US dollar rose this morning, Monday, in the markets of Baghdad and Erbil.
The selling price of the dollar in the Al-Kifah and Al-Harithiya exchanges in Baghdad reached 142,250 dinars per 100 dollars, up from 141,200 dinars yesterday, Sunday.
The selling price in local currency exchange shops in Baghdad’s markets reached 143,250 dinars per 100 dollars, and the buying price was 141,250 dinars.
In Erbil, the dollar also rose, with the selling price reaching 141,350 dinars per 100 dollars and the buying price 141,100 dinars. /End https://ninanews.com/Website/News/Details?key=1263490
Gold Prices Fell As The Dollar Rose
economy | 11:47 – 24/11/2025 Mawazin News – Follow-up: Gold prices fell for the third consecutive session on Monday as the dollar climbed to a six-month high, while investors awaited further clarity on the direction of US interest rates.
Spot gold fell 0.3% to $4,055.73 per ounce by 06:36 GMT.
Meanwhile, US gold futures for December delivery declined 0.7% to $4,052.40 per ounce, according to trading data.
“The dollar index has risen to near its highest level in six months, above 100 points, and if it continues to trade above 100 points, there will be further pressure on gold prices,” said Gaigar Trivedi, senior research analyst at Reliance Securities. https://www.mawazin.net/Details.aspx?jimare=270733
Oil Prices Fall Amid Peace Efforts In Ukraine
Energy Economy News – Baghdad Oil prices fell on Monday, extending losses from last week, as peace talks between Russia and Ukraine moved closer to an agreement, while the value of the US dollar rose.
Brent crude futures fell 14 cents, or 0.22%, to settle at $62.42 a barrel at 01:48 GMT. U.S. West Texas Intermediate crude also fell 15 cents, or 0.26%, to $57.91 a barrel.
The two benchmark crude oils fell nearly 3% last week, hitting their lowest levels since October 21, amid expectations that the anticipated agreement between Moscow and Kyiv will ease sanctions on Russia, potentially allowing large quantities of Russian oil to return to the markets. US sanctions against Rosneft and Lukoil took effect on Friday, causing about 48 million barrels of Russian oil to be held up at sea.
On the other hand, the United States and Ukraine said they had made progress in their talks on a peace plan that includes territorial concessions from Kyiv and its abandonment of plans to join NATO, while US President Donald Trump set a deadline of next Thursday to reach an agreement, despite European pressure to formulate better terms.
Any peace agreement is expected to help lift sanctions that have hampered Russian oil exports. Russia was the world’s second-largest producer of crude oil in 2024, according to the U.S. Energy Information Administration.
The rise of the US dollar also affected energy markets, as a stronger dollar increases the cost of buying oil for holders of other currencies, putting further pressure on prices. https://economy-news.net/content.php?id=62640
Iraq Signs Country Program With The United Nations Industrial Development Organization
economy | 06:20 – 24/11/2025 Mawazin News – Follow-up : Iraq signed the country program with the United Nations Industrial Development Organization (UNIDO) on Monday.
A statement from the Ministry of Industry, received by Mawazin News Agency, said that “Iraq, represented by the Minister of Industry and Minerals, Khalid Battal Al-Najm, signed the UNIDO Country Program for Iraq (2026-2030) with the United Nations Industrial Development Organization (UNIDO), represented by its Director-General, Gerd Müller, during the UNIDO conference currently being held in Riyadh.”
The statement explained that “the program represents a strategic framework aimed at promoting inclusive and sustainable industrial development, in line with Iraq’s Vision 2030, the National Industrial Strategy 2024-2030, and the United Nations Framework for Cooperation 2025-2029. The program focuses on diversifying the economy and reducing dependence on oil, in addition to supporting inclusive growth.”
The statement continued, “The program also aims to enhance job creation, support the competitiveness of small and medium enterprises, achieve food security and green growth, and contribute to mobilizing public and private sector investments, and harnessing UNIDO’s expertise to contribute to industrial development and building a resilient and diversified economy that supports development goals in Iraq.” https://www.mawazin.net/Details.aspx?jimare=270757
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