CBI auctions +$279 M. in forex on Monday
During its currency auction on Monday, the Central Bank of Iraq (CBI) sold more than $279 million. CBI sold $279,811,934 at a rate of…
Iraqi News & Economy Updates – Page 212
Latest Iraqi News posts
Oil prices rise on expectations of interest rate cuts
Early on Monday, as investors anticipated an interest rate reduction in September, oil prices increased. U.S. West Texas Intermediate oil futures increased 42 cents,…
Financing the salaries of state employees and members of the security forces for the month of July
The financing of July salaries for state employees and members of the security forces was announced today, Monday, by the Accounting Department of the…
Parliamentary Integrity: We will investigate the changes made to the budget tables
The Parliamentary Honesty Council declared, on Monday, its expectation to explore the progressions that happened in the financial plan tables, taking note of that…
Confusion in the electricity file pushes the government to resort to linking with neighboring countries
It appears to be that the concerned specialists have neglected to find an exit from the power emergency, particularly in the mid year, as…
Dollar movement in Iraq.. strange decisions and practices that require contemplation
One of Iraq's most difficult crises is the dollar crisis, which was made worse by bizarre decisions like restricting the sale of dollars to…
Former MP: The region exports 320 thousand barrels of oil to Türkiye with Baghdad’s knowledge
Previous individual from the Parliamentary Oil and Energy Board of trustees, Ghaleb Mohammed, affirmed today, Sunday, that the Kurdistan Locale keeps on trading oil…
MP: Amending the salary scale has become a popular demand for all social classes
Rafiq Hashem Shanawa, a member of the Sadiqoun parliamentary bloc, emphasized today, Sunday, that the amendment to the new employee salary scale must be…
US extends sanctions waiver to allow Iraq to buy Iranian power
An official from the US Department of State disclosed that Iraq has been granted a four-month extension to its sanctions exemption in order to…
Economist: Limiting the sale of dollars to certain companies serves the interests of some political parties
Diaa Al-Mohsen, an expert on economics, is of the opinion that restricting the sale of dollars to specific businesses demonstrates that political parties are…
Parliamentary Integrity Committee responds to manipulation of budget tables: We have not received any official letter
According to the Parliamentary Integrity Committee, it had not received any official correspondence regarding the report of tampering with the 2024 federal budget tables.…
Iraqi Parliament Investigates Tax Increase to Make Up for ‘Deal of the Century’ Losses
On Saturday, the Parliamentary Economic Committee made it public that it had received information indicating that the General Tax Authority had raised taxes on…
An economist explains… Why did inflation rates not rise much in Iraq?
Special |.. Economic researcher Manar Al-Obaidi confirmed today, Saturday, that while the prices of other goods imported from countries where banking transactions are permitted,…
Basra crude oil falls due to dollar rise
As global oil prices fell by about 3% for the second week in a row, Basra Heavy and Medium crude oil suffered losses for…
Iraq participates in UNCTAD meetings to join the World Trade Organization
The Service of Exchange reported today, Saturday, its cooperation in the specialized gatherings of the Unified Countries Meeting on Exchange and Improvement (UNCTAD) in…
The House of Representatives opens its session headed by Al-Mandlawi and attended by 171 representatives
The opening of the Council of Representatives session was announced today, Saturday, by the media department. In a brief statement, the department said, "Session…
Removing Zeros from the Iraqi Currency: Talk Returns and Possibility of Implementation
Some nations perform the procedure of removing zeros from a currency in order to revalue the national currency and make financial transactions simpler. This…
Rafidain announces the implementation of the comprehensive banking system in Kirkuk
Rafidain Bank made the announcement today, Friday, that the Al-Nour branch in Kirkuk will be using the comprehensive banking system. This means that the…
Exchange companies: Assigning remittance auditing to a foreign company is evidence of the failure of the Central Bank’s
Diaa Al-Taie, a representative of exchange companies, said today, Friday, that the Central Bank of Iraq's choice of a foreign company to audit transfers…
Establishing a Sunni Region in Iraq based on Kurdistan’s model: Controversy amid political and sectarian divisions
Supporters of the proposal claim that a sense of "marginalization and exclusion" has rekindled the debate regarding the establishment of a Sunni Arab autonomous…
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