Why Aren’t Prices Falling? An Expert Reveals Traders’ Concerns Despite The Dollar’s Decline
Time: 2025/07/30 17:07:15 Reads: 570 Times {Economic: Al Furat News} Economic expert Abdul Rahman Al Mashhadani revealed that stabilizing the dollar exchange rate in local markets requires at least six months for traders to begin reducing commodity prices, despite the current decline in the exchange rate.
Al-Mashhadani said in a statement to {Euphrates News} that: “Traders are still not reassured by the current decline, which is causing them to maintain their prices.” He explained that “the relationship between the decline in the exchange rate and commodity prices is directly proportional, while the increase is inverse.” He pointed out that “traders are obsessed with the current decline.
If the exchange rate increases, they will raise prices on the same day, and the increase will be higher than the previous price.” Al-Mashhadani emphasized that “despite the decline in the exchange rate,
traders continue to conduct business at a rate of 150 dinars per dollar due to their lack of confidence in the stability of the situation.” https://alforatnews.iq/news/لماذا-لا-تنخفض-الأسعار؟-خبير-يكشف-هاجس-التجار-رغم-هبوط-الدولار
The Most Prominent Iraqi Banks That Have Maintained Their Asset Size Since The Beginning Of The Year.
Economy 2025-07-30 | 364 views Alsumaria News – Economic Despite the variability in the performance of some banks, Iraqi private banks have maintained their leading position as the largest banks in terms of asset size.
Together, they accounted for approximately 50% of the total assets of private banks
and 8% of the total assets of the Iraqi banking sector.
List of major banks by assets:
International Development Bank – 3.1 trillion dinars
Bank of Baghdad – 2.9 trillion dinars
Iraqi Islamic Bank – 2.77 trillion dinars
Bank Mansour – 2 trillion Iraqi dinars
Both the International Development Bank and the Iraqi Islamic Banksaw their assets grow during the first half of 2025, while the Bank of Baghdad and Mansour Bank recorded a decline.
About Credit Performance:
Private Iraqi banks have recorded a credit portfolio exceeding one trillion dinars,
reflecting their strong financing capacity:
International Development Bank: 1.12 trillion dinars
Iraqi Islamic Bank: 1 trillion dinars
In contrast, the credit portfolio of:
Mansour Bank: 242 billion dinars
Bank of Baghdad: only 91 billion dinars
Public Deposits
The banks were able to attract deposits exceeding 2 trillion dinars each, as follows:
International Development Bank: 2.3 trillion dinars
Bank of Baghdad: 2.2 trillion dinars
As for the public deposits in the remaining banks, they were as follows:
Mansour Bank: 1.23 trillion dinars
Iraqi Islamic Bank: 743 billion dinars
As for the money supply in banks:
Mansour Bank: 1.47 trillion dinars
Bank of Baghdad: 1.43 trillion dinars
International Development Bank: 1.3 trillion dinars
Iraqi Islamic Bank: 1.3 trillion dinars
The above banks are considered leaders in the private banking sector in terms of the services they provide, the spread of their branches, and the level of services they offer.
https://www.alsumaria.tv/news/economy/535414/أبرز-المصارف-العراقية-التي-حافظت-على-حجم-الموجودات-منذ-بداية-العام
The Cabinet Decides To Reduce Electronic Payment Fees And Commissions By 50%.
Economy 29-07-2025, 19:24 | 329 Baghdad Today – Baghdad The Council of Ministers approved, on Tuesday (July 29, 2025), a package of decisions related to the amounts, commissions, and movements of government electronic collections and collections, in a step aimed at encouraging the transition to electronic financial transactions.
The Council of Ministers decided, according to a statement from the Prime Minister’s Office, received by Baghdad Today, to “reduce the cost of issuing electronic payment cards by 50%, with the price of a single card not exceeding 5,000 dinars.
” The statement noted that “this measure aims to make the cards accessible to a wider segment of users, which will contribute to increasing reliance on electronic payment in various daily transactions.”
The decisions also included, according to the statement,
“reducing electronic payment fees to 0.005 percent for all transactions involving fuel stations.
This reduction comes while maintaining the current upper limit for deductions,
providing an additional incentive for consumers and fuel stations to use electronic payment methods.”
In a related context, the Council of Ministers has mandated the Ministry of Oil to increase the use of electronic payment transactions to 50% in all transactions.
This mandate includes the private sector (constructed stations) achieving the aforementioned percentage within a maximum period of six months.
The Council also obligated electronic payment companies to comply with the above-mentioned paragraphs, starting January 1, 2026. https://baghdadtoday.news/279767-50.html
Key Card And Baha Abdul-Hussein On Washington’s Sanctions List
July 31, 2025 Last updated: July 31, 2025 Al-Mustaqilla/- Informed sources told Al-Mustaqilla that US authorities have begun formal steps to place the “Ki Card” company and its director, Bahaa Abdul Hussein, on the economic sanctions list, accusing them of committing violations related to corruption and money laundering.
These measures are part of Washington‘s ongoing efforts to combat financial corruption and
enhance transparency in economic transactions, particularly in regions where electronic payment companies and digital financial services are increasingly active.
K-Card, a leading provider of electronic payment services in Iraq,
is facing accusations of exploiting its market position to engage in dubious financial activities,
including money laundering and illegal transfers, according to the same sources.
These developments have raised widespread questions within Iraqi economic circles about the
extent to which US sanctions will impact the country’s electronic payments sector,
an emerging and important sector supporting the digital economy.
For its part, Qi Card and its CEO have yet to issue any official statements in response to these accusations.
Markets and observers expect this US move to lead to tighter oversight of financial companies operating in Iraq, and possibly more stringent enforcement of anti-corruption and financial crime mechanisms.
It’s worth noting that the United States uses economic sanctions as a tool of pressure against individuals and companies involved in illegal activities, with the aim of limiting their negative impact on the global economy and promoting integrity in financial transactions. https://mustaqila.com/كي-كارد-وبهاء-عبد-الحسين-على-لائحة-عقوب/
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