Tishwash: Sudanese advisor: White noise supports exchange rate stability in the Iraqi market
The Prime Minister’s financial and economic advisor, Mazhar Mohammed Salih, confirmed that the success of the three fiscal, monetary, and trade policies in working together is what has led to the continued convergence of the exchange rates in the parallel and official markets.
Saleh said in a statement to {Euphrates News}: “The continuation of these general policies constitutes positive information for the market, known as ‘white noise’, which is a condition that makes the market maintain stable rates and prevents the parallel market from taking any negative directions.”
He added, “The parallel exchange market is now moving toward convergence with the official fixed rate, which is considered one of the strongest stages of stability in the monetary market, as a result of the success of the three pillars of economic policy.” link
Tishwash: The Central Bank Governor announces funding for housing projects and international praise for dollar transfer operations.
Central Bank Governor Ali Al-Alaq announced today, Sunday (August 10, 2025), that the bank has financed housing projects with an amount of 12 trillion and 300 billion dinars.
In a press statement followed by Baghdad Today, Al-Alaq noted that “international parties have praised the dollar transfer operations conducted by the Central Bank,” stressing that “Iraq is unique in being the only country that successfully carries out these operations.”
As the Iraqi government strives to strengthen the housing sector and provide the necessary financial support for housing projects, the Central Bank plays a pivotal role in financing these projects with large sums of money, aiming to improve the housing situation for citizens. link
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Tishwash: Al-Sudani directs a review of the provisions of the banking reform document after receiving comments from the Iraqi Private Banks Association.
Prime Minister Mohammed Shia al-Sudani reviewed the latest developments related to the banking reform paper, particularly the provisions affecting private banks, in light of the comments and responses he received from various stakeholders.
Al-Sudani commended the efforts made by the Central Bank of Iraq in preparing the banking reform document, which aims to enhance financial stability, achieve transparency, and raise the efficiency of the banking sector. He affirmed the government’s full support for all reform initiatives aimed at developing the country’s financial and monetary infrastructure, in line with international best practices.
In the same context, the Prime Minister paid close attention to the comments of the Iraqi Private Banks Association, contained in its letter dated August 3, 2025, which addressed the objective challenges facing local banks in implementing some reform provisions, particularly those related to capital increase requirements, the adoption of strategic partners, the costs of contracting with foreign companies, and the timelines required for implementing reforms.
Driven by his commitment to achieving a realistic balance between reform requirements and the capabilities of local banks, the Prime Minister directed the adoption of a participatory and consultative approach between the Central Bank and Iraqi banks, through the formation of joint technical committees to review reform requirements and ensure their compatibility with the national financial and economic reality, while protecting the interests of local and international investors and those working in the sector.
In this context, Al-Sudani emphasized that the goal of reform is not exclusion but empowerment, calling for an expanded dialogue to clarify the technical aspects of the document and discuss implementation mechanisms in a gradual and thoughtful manner.
He also stressed the importance of taking into account the specificities of Iraq’s reality when applying international standards, while emphasizing the need to formulate procedures in a way that enhances confidence in the banking sector and contributes to its development.
The Prime Minister concluded his remarks by emphasizing that the doors to discussion are open, and that the government continues to support all sincere efforts, both national and international, aimed at reforming the financial and banking system to serve the public good and the national economy. link
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Tishwash: The toman is worth nine million for every $100.
The price of the toman, today, Sunday (August 10, 2025), recorded nine million for every 100 dollars, affected by news of upcoming negotiations between Iran and the United States of America.
Informed sources confirmed to the Tehran Times, followed by Baghdad Today, that “Tehran and Washington are showing a willingness to resume negotiations, but with a fundamental difference this time, as Iran is demanding that a clause for compensation for damages resulting from military operations be included as a fundamental part of any future agreement.”
Sources said that “Norway has emerged as a leading candidate to host a new round of talks between Iran and the United States amid escalating regional and international tensions over the Iranian nuclear issue.”
She added, “These negotiations are expected to begin indirectly, through a mediator who will act as a conduit between the two parties, starting this month.” link
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