Iraq Economic News and Points to Ponder Wednesday AM 3-26-25

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The Central Bank Concludes Its Cycle On Dormant Accounts And Their Electronic System.
 
March 25, 2025   With the aim of developing the skills of banking personnel across all Iraqi governorates,
the Banking Studies Center, a division of the Central Bank of Iraq, concluded its course on dormant accounts and their electronic system.
 
The course targeted 54 trainees from various departments working in the financial, accounting, and internal auditing departments.

The training program included learning the
     concept of dormant accounts and
     how to identify them in the banking system,  
     acquiring the necessary skills to

     manage dormant accounts through electronic systems, and familiarizing them with

     electronic systems for monitoring and closing dormant accounts,

     ensuring compliance with standards and laws.
      
    Central Bank of Iraq      Media Office      March 25, 2025  https://cbi.iq/news/view/2834

Gold Rises As Safe-Haven Demand Increases Amid Tariff Concerns

Tuesday, March 25, 2025 | Economic Number of reads: 215  Baghdad / NINA / Gold rose on Tuesday, with increased demand for safe havens amid uncertainty surrounding tariffs that US President Donald Trump is expected to reimpose next week, amid fears of an economic slowdown, trade tensions, and concerns about inflation.

The price of gold in spot transactions rose 0.1 percent to $3,015.42 per ounce. US gold futures also rose 0.1 percent to $3,019.40.

As for other precious metals, silver in spot transactions rose 0.3 percent to $33.1 per ounce, platinum fell 0.1 percent to $973.35, and palladium increased 0.3 percent to $953.78. / End

https://ninanews.com/Website/News/Details?key=1193944

Basra Crude Prices Decline Despite Stable Oil Prices In Global Markets

Tuesday, March 25, 2025 | Economic Number of readings: 115  Baghdad / NINA / Basra Heavy and Basra Medium crude prices fell on Tuesday, with oil prices stabilizing in global markets.

Basra Heavy crude prices fell 17 cents, or 0.24%, to reach $69.87, while Medium crude prices fell 17 cents, or 0.23%, to reach $72.92.

Global oil prices stabilized as investors feared that Trump’s tariffs would slow the global economy and limit demand for oil. Brent crude recorded $73.04, up one cent, and US crude recorded $69.13, up 4 cents.

https://ninanews.com/Website/News/Details?key=1193966

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