Tishwash: Economist: Iraq enjoys financial stability thanks to the Central Bank’s reserves.
Economic advisor, Mazhar Mohammed Saleh, confirmed on Wednesday that financial stability in Iraq is solid, and no worrying indicators have yet emerged, despite the external challenges and geopolitical shocks facing the world.
Saleh told Al-Maalouma that “financial concerns are mainly due to the repercussions of external shocks such as trade wars and energy price fluctuations, but Iraq has proven its resilience thanks to the Central Bank’s foreign currency reserves.”
He added that “monetary policy plays a pivotal role in stimulating the domestic financing market and supporting public liquidity, ensuring the implementation of government development programs and infrastructure projects, which is directly reflected in stimulating the labor market and enhancing economic activity.”
He pointed out that “the strong coordination between fiscal and monetary policies dispels any fears of recession and even enhances the sustainability of economic stability, in light of low inflation and unemployment rates, high growth rates, and the launch of the social market strategy that balances protecting livelihoods and supporting investment and reconstruction.” link
Tishwash: Exciting figures: Iraq ranks high globally in its use of cryptocurrencies.
The Global Adoption Index for Cryptocurrencies revealed solutions Iraq It ranks relatively high, as it is among the top third of countries in the world that use cryptocurrencies.
The sixth edition of the Global Cryptocurrency Adoption Index reveals the extent of cryptocurrency adoption at the grassroots level. The index consists of four sub-indices and ranks 151 countries, with a final score ranging from 1 to 0. The closer a country’s score is to 1, the higher its cryptocurrency adoption rate.
And he came Iraq It is ranked 44th globally out of 151 countries, which makes it among the top third globally in the use of cryptocurrencies, and achieved points of 0.05, outperforming Saudi Arabia And Oman, Kuwait, the Emirates, Qatar, and Bahrain, but Türkiye Yemen and Jordan outperformed Iraq.
Data indicate that the region Asia and the ocean The guide It was the fastest-growing region for cryptocurrency activity on the supply chain, with value received increasing by 69% year-on-year over the past 12 months, and total cryptocurrency transaction volume in the region rose Asia Pacific From US$1.4 trillion to US$2.36 trillion. link
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Tishwash: Capital and global confidence: Iraq is on a journey to find global partners to build a diversified economy.
Economic and financial expert Rashid Al-Saadi stressed, on Wednesday (September 3, 2025), the importance of increasing foreign investment in Iraq during the next phase, emphasizing its vital role in promoting sustainable economic growth and diversifying sources of income away from reliance on oil.
Al-Saadi told Baghdad Today, “Attracting foreign capital is a fundamental pillar for revitalizing the productive and service sectors. It enables technology transfer and national capacity building, as well as enhancing the competitiveness of the local market.”
He added, “Iraq possesses promising investment potential, including natural resources, a strategic geographic location, and a young workforce. However, improving the business environment, simplifying bureaucratic procedures, and enhancing transparency and the rule of law remain essential to attracting investors and achieving long-term partnerships.”
Al-Saadi continued, “Increasing foreign investment is a vital step to support economic stability and create new job opportunities, particularly in the industrial, agricultural, renewable energy, and information technology sectors. This requires formulating incentive policies and flexible legislation that align with international standards and give global companies the confidence to enter the Iraqi market.”
In recent years, Iraq has witnessed a growing effort to diversify its sources of income and reduce its dependence on oil, particularly following the economic challenges posed by fluctuating energy prices and the global financial crisis.
Although Iraq possesses strong investment potential, such as abundant natural resources, a strategic geographic location, and a young workforce, challenges related to the business environment, bureaucratic procedures, and lack of transparency remain barriers to foreign capital flows.
Accordingly, economists and experts emphasize the need to adopt stimulating legislative policies and ensure legal stability to encourage international companies to confidently enter the Iraqi market and establish long-term partnerships link
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Tishwash: Baghdad, Erbil agree on ASYCUDA customs system and unified company ID
The Iraqi federal government and the Kurdistan Regional Government have agreed to implement the ASYCUDA customs system and adopt a unified economic number for companies, aiming to settle years of disputes that have slowed trade and investment.
The Kurdistan Region’s Ministry of Trade and Industry said the meeting brought together directors general of company registration, industrial development, customs, and quality control, along with representatives from the Interior Ministry and Sami al-Sudani, adviser to the federal prime minister.
Officials decided to enforce the 14-digit Unified Economic Number as a prerequisite for using ASYCUDA services. Companies in the Kurdistan Region will no longer need a separate tax ID, and will now be able to conduct import and export activities under the same conditions as firms in central and southern Iraq. link
