The Dollar Rose Against The Dinar In Baghdad.
Stock Exchange Economy News – Baghdad The US dollar exchange rate rose in Baghdad markets on Tuesday morning. The dollar exchange rate rose on the Al-Kifah and Al-Harithiya stock exchanges, reaching 141,650 Iraqi dinars per $100. On Monday, the exchange rate stood at 141,400 Iraqi dinars per $100.
Foreign exchange rates in Baghdad’s local markets rose, with the selling price reaching 142,750 Iraqi dinars per $100, and the buying price reaching 140,750 dinars per $100. https://economy-news.net/content.php?id=60548
Gold Hits New Record High
Time: 2025/09/30 08:35:30 Reading: 105 times {Economic: Al Furat News} Gold hit a new high on Tuesday, heading for its best monthly performance since August 2011, supported by strong demand for safe havens amid fears of a potential US government shutdown and growing expectations of interest rate cuts.
Spot gold rose 0.4% to $3,848.65 per ounce, while US futures for December delivery rose 0.6% to $3,877 per ounce. In September alone, gold prices rose 11.6%, the best monthly jump in 14 years.
In contrast, spot silver settled at $46.93 per ounce, up 18.2% since the beginning of the month, on track for its best monthly performance since July 2020. While platinum fell 0.8% to $1,588.70 an ounce, palladium fell 0.7% to $1,258.60. LINK
Oil Prices Fall As Oversupply Concerns Mount
Economy | 09:05 – 09/30/2025 Mawazine News – Follow-up Oil prices fell on Tuesday, amid expectations of a further increase in OPEC+ production and the resumption of oil exports from the Kurdistan Region of Iraq via Turkey, which reinforced concerns about a global supply glut.
Brent crude futures for November delivery fell 54 cents, or 0.8%, to $67.43 a barrel, while the more active December contract fell 53 cents to $66.56 a barrel. US West Texas Intermediate crude fell 50 cents, or 0.8%, to $62.95 a barrel.
This decline follows losses on Monday, when both Brent and WTI fell more than 3%, their largest daily decline since early August. https://www.mawazin.net/Details.aspx?jimare=267602
The First Tanker Carrying Oil From Kurdistan Will Be Loaded At The Port Of Ceyhan Next Thursday
Energy Economy News – Baghdad Two oil industry sources told Reuters that 700,000 barrels of Iraqi Kurdistan oil are scheduled to be loaded onto the tanker Valisina at the Turkish port of Ceyhan on October 2.
The two sources, who spoke on condition of anonymity, added that the Valisina will be the first tanker to carry Iraqi Kurdistan crude after the resumption of oil flows from the semi-autonomous region via Türkiye on September 27.
Iraqi Oil Minister Hayan Abdul Ghani said last Friday that the agreement between the Iraqi federal government, the Kurdistan Regional Government, and foreign oil producers operating in the region will allow between 180,000 and 190,000 barrels of oil per day to flow to the Turkish port of Ceyhan.
For his part, the Iraqi Undersecretary of the Ministry of Oil stated that the resumption of oil flows from the Kurdistan Region will contribute to raising the country’s exports to approximately 3.6 million barrels per day in the coming days. He explained that Iraq’s production and export levels will remain within its OPEC quota of 4.2 million barrels per day.
Crude oil flows through a pipeline from the Kurdistan Region of Iraq to Türkiye resumed for the first time in two and a half years, following an interim agreement that ended the deadlock. https://economy-news.net/content.php?id=60562
Rafidain: 81 Branches Adopt The Comprehensive Banking System
Economy | 09:27 – 09/30/2025 image Mawazine News – Baghdad Rafidain: 81 branches adopt the comprehensive banking system https://www.mawazin.net/Details.aspx?jimare=267605
Integrity: Digital Transformation Contributes To Reducing Corruption And Maximizing State Revenues.
Local The Chairman of the Federal Integrity Commission, Mohammed Ali Al-Lami, stressed on Tuesday the importance of state institutions automating their procedures and shifting towards governance and digitization, particularly in sectors related to enhancing and maximizing state revenues.
During his meeting with Thamer Qasim Daoud, Director General of the General Authority of Customs, Al-Lami highlighted the importance of concerted efforts by state institutions to preserve public funds, ensure they are not wasted, and spend them on their allocated resources.
He commended all efforts dedicated to protecting the national economy, preventing the smuggling of illegal goods and tax evasion, and preventing any harm to the national product.
He stressed the need to focus on proactive preventative measures to combat corruption, noting that one of the most important mechanisms for protecting and preserving public funds is transparency in work procedures, to prevent the risks of corruption before they occur.
He praised the efforts of state institutions to automate all their procedures and transition from manual, paper-based work to digitizing those procedures, noting that this contributes significantly to reducing corruption and narrowing its channels.
For his part, the Director General of the General Authority of Customs praised the cooperation and coordination between the regulatory authorities and those operating at the ports in monitoring the exit of goods and commodities through border crossings, working to collect customs duties on imported goods, preventing smuggling, and protecting the national product.
He stressed the need to prevent corruption in this important sector and not to provide exemptions or customs facilities that violate laws and regulations. https://economy-news.net/content.php?id=60565
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