Tishwash: Central Bank: Liquidity is available, and our reserves exceed $100 billion
The Central Bank confirmed on Monday that liquidity is fully available, while indicating that reserves have exceeded $100 billion.
Mohammed Younis, Director General of the Bank’s Investment Department, told the Iraqi News Agency (INA): “Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no shortage in this regard.” He pointed out that “the Central Bank’s reserves have exceeded $100 billion, in addition to Iraq’s large gold reserves, exceeding 163 tons.”
Younis added that “the Central Bank is not an investment entity, but rather is concerned with managing Iraq’s foreign exchange reserves,” explaining that “the goal of these reserves is not to make profits, but rather to ensure reasonable returns.”
He continued, “The reserves are managed according to well-thought-out policies based on high safety standards, and are invested in safe financial instruments that generate acceptable returns.” He emphasized that “Iraq is on a good economic path.” link
Al-Sudani and the Islamic Union Parliamentary Committee stress the importance of approving the oil and gas law.
Iraqi Prime Minister Mohammed Shia al-Sudani received a delegation from the Kurdistan Islamic Union Party’s parliamentary bloc on Tuesday. The meeting discussed vital issues related to the relationship between the federal government and the Kurdistan Region.
During the meeting, the two parties emphasized the “need to find radical solutions, within the framework of the constitution and the law, regarding the Kurdistan Regional Government’s financial obligations, based on the provisions of the budget law and the Federal Court’s decision.”
The importance of passing the oil and gas law was also emphasized, according to a statement from the Prime Minister’s Office, referring to one of the most contentious issues between Baghdad and Erbil in years.
Al-Sudani explained that the government “is keen to meet citizens’ aspirations and monitor their affairs throughout Iraq, based on its legal and constitutional responsibilities and the priorities and needs of citizens.”
During the meeting, “a number of national issues and topics were discussed, as well as the government’s implementation of its service and economic program.”
For their part, members of the Kurdistan Islamic Union parliamentary bloc pointed to “the importance of the strengthening of security and social stability, coupled with a comprehensive economic and urban renaissance,” praising “the government’s efforts in service-related issues and tangible reforms, and their positive impact on the lives of citizens across the country.”
This comes as the Coordination Framework also affirmed the federal government’s commitment to guaranteeing the rights of all citizens, noting at the same time that the enactment of the oil and gas law represents the core of the solution between Baghdad and Erbil.
The Iraqi constitution devotes two articles to the issue of oil and gas, Articles 111 and 112, without addressing how the country’s oil policy will be formulated. This was left to the issuance of the Oil and Gas Law, which, after two decades and the current Iraqi government’s pledge to issue it within six months, remains unclear when it will be issued. link
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Tishwash: After the dollar stabilizes, the Sudanese Central Bank directs that price manipulators be held accountable (document)
Prime Minister Mohammed Shia al-Sudani issued an “important” directive today, Monday (June 2, 2025), to the departments responsible for combating economic crime to pursue and hold accountable those who manipulate prices, especially owners of food, medicine, bakeries and ovens.
According to a letter issued by the Prime Minister’s Office, received by “Baghdad Today”, al-Sudani’s directive “comes after Iraqi markets witnessed a noticeable stability in the exchange rate of the US dollar against the Iraqi dinar, at a time when some weak-willed people still insist on selling goods at the previous prices, which witnessed a significant increase during the period of the decline in the value of the dinar against the dollar.”
He stressed that “this manipulation directly harms the citizen and requires decisive government intervention to impose oversight and enforce the law.”
text of the document
May God’s peace, mercy, and blessings be upon you.
M/Directive
In view of the stability of exchange rates (the dollar versus the Iraqi dinar), it was observed that some companies, merchants, and weak-willed individuals were exploiting prices or keeping them as they were without regard for market stability, especially food and medicine owners, bakeries, and ovens, due to their failure to adjust the selling prices of items that citizens need on a daily basis. There is no clear oversight role by the economic departments to follow up on these cases. After the Prime Minister – Commander-in-Chief of the Armed Forces was informed of the above content, His Excellency ordered the following:
The departments responsible for combating economic crime shall monitor and hold accountable those who manipulate prices and take the necessary legal measures against them.
Coordination with the Ministries of Trade, Agriculture, and Health to ensure the stability of the price ratio of items that affect the lives of citizens on a regular basis. link
