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December 18, 2023

Iraqi Minister of Finance: Economic recovery is underway amid the return of commercial financing to normal

Shafaq News/ Minister of Finance, Taif Sami Muhammad, said on Monday that economic recovery is underway in the country amid the return of commercial financing to normal. This came during […]

The US Dollar Is Imploding, We Aren’t Coming Back From This

December 17, 2023

The United States has found itself grappling with a phenomenon that, on the surface, may seem paradoxical – an overwhelming abundance of money circulating within its economy. As the nation […]

Economist Views
The Atlantis Report
December 17, 2023

Top 5 things to watch in markets in the week ahead

Markets are entering the closing weeks of 2023 after Federal Reserve Chair Jerome Powell said the historic tightening of monetary policy is likely over and discussion of rate cuts is […]

December 16, 2023

Statement of the Iraq Economic Contact Group of the G7, European Union and World Bank

By U.S. Embassy in Baghdad December 2023 On December 12, the Iraq Economic Contact Group (IECG) held the final meeting of 2023, co-chaired by Italy and the United States. As […]

December 16, 2023

The Iraqi currency exported…to where?

Introduction: Shawan Zangana The Iraqi currency issued is the banknotes issued by the Central Bank for circulation (i.e. printed), with the exception of cash in the vaults of the Central […]

December 16, 2023

The Central Bank of Iraq’s total dollar sales declined within a week

Shafaq News/ The Central Bank of Iraq’s total sales of hard currency to the US dollar during the past week amounted to more than 800 million dollars. Shafaq News Agency […]

December 16, 2023

STATEMENT OF THE IRAQ ECONOMIC CONTACT GROUP OF THE G7, EUROPEAN UNION AND WORLD BANK

Statement of the Iraq Economic Contact Group of the G7, European Union and World Bank On December 12, the Iraq Economic Contact Group (IECG) held the final meeting of 2023, […]

December 15, 2023

We beg for our money from them… Where is the sovereignty!! Central Bank: Washington agreed to meet Iraq’s request for cash shipments for the year 2024

The Central Bank announced Thursday, the American side’s approval to meet the Central Bank of Iraq’s requests for cash shipments for the year 2024. The bank said in a statement, […]

December 15, 2023

Petroleum products set the date for ending cash circulation at gas stations

The General Company for Petroleum Products Distribution has set the first quarter of next year as the date for ending cash circulation at gas stations, while clarifying that the citizen’s […]

December 14, 2023

The Central Bank decides to establish the National Company for Electronic Payment Systems in Iraq

The Board of Directors of the Central Bank of Iraq decided, on Wednesday, to establish the “National Company for Electronic Payment Systems in Iraq,” among other terms, that the company […]

Economist’s Thoughts on the Fed

December 13, 2023

The FED is Dead: Their Only Tool is Narrative with George Robertson WTFinance:  12-13-2023 On this episode of the WTFinance podcast I had the pleasure of welcoming on George Robertson […]

Economist's Thoughts on the Fed
Economist Views
December 12, 2023

The National Bank of Iraq obtains an American loan to finance small and medium-sized companies

Shafaq News/ The National Bank of Iraq announced on Tuesday that it had obtained a loan from the American Foundation (DFC) worth $50 million to support small and medium-sized companies […]

December 12, 2023

Iraqi Oil Minister: Fossil fuels will remain the main source of energy in the world

Shafaq News/ Deputy Prime Minister for Energy Affairs and Iraqi Oil Minister Hayyan Abdul-Ghani, today, Tuesday, defended the production of fossil fuels in response to the recent demands and calls […]

The Other Side Of Things

December 11, 2023

The exchange rate Iraq needs to join a currency basket and the WTO

The Other Side Of Things
The Other Side Of Things
December 10, 2023

The Central Bank of Iraq will issue currency worth 24 trillion Iraqi dinars during 2022 and 2023.

The Central Bank of Iraq issues currency worth 24 trillion Iraqi dinars during 2022 and 2023. According to data from the Central Bank of Iraq, the value of the issued […]

December 10, 2023

More than 90 trillion dinars in cash are in circulation outside the banking system in Iraq

Shafaq News/ The Future Iraq Foundation for Economic Studies and Consultations counted, on Sunday, the local currency circulating outside the banking system in the country during the year 2023, and […]

December 9, 2023

A reading of the regulatory procedures for Iraq’s foreign trade

The process of trade openness after 2003 cast a shadow on the economic reality, especially after the lifting of economic sanctions, which led to the return of the flow of […]

December 9, 2023

More than a billion dollars in sales from the Iraqi Central Bank within a week

Shafaq News/ The Central Bank of Iraq’s total sales of hard currency to the US dollar during the past week amounted to more than one billion dollars. Shafaq News Agency […]

December 9, 2023

The Iraqi Central Bank denies the disappearance of large amounts of local currency and its smuggling to some neighboring countries

The Central Bank of Iraq confirmed today, Saturday, that the accusations circulating about the disappearance of large amounts of local currency and their smuggling to neighboring countries are incorrect, indicating […]

December 7, 2023

Can S&P 500 rally without the Magnificent 7 leading the way? ‘Easy’ says BofA

The market enthusiasm for artificial intelligence (AI) has attracted investors to high-flying tech stocks, reminiscent of past bubbles, raising concerns among analysts. The surge in the so-called “Magnificent Seven” tech […]

December 7, 2023

The dollar ends its week at 157… and the accelerated decline may begin next week – urgent

The exchange rates of the US dollar remained, on Thursday evening, near the level of 157, ending this week at this level despite the decline in demand for large quantities […]

December 7, 2023

“The Issue of a Homeland”… a campaign to support the Iraqi dinar and make it the gateway to building the country

Shafaq News/ Encouraging the local currency and dealing with it in light of the current economic conditions that the country is experiencing is an important issue, especially with the government’s […]

December 6, 2023

Investors confirm that the Iraqi market has an excellent investment environment

The agreement signed between the Iraqi and Saudi sides in the field of industrial investments for the private sector is considered an important partnership and a stimulating initiative that will […]

December 5, 2023

Al-Rasheed opens the dollar purchasing platform for travelers this evening

Shafaq News/ Al-Rashid State Bank announced on Tuesday that it will open the dollar purchasing platform for travelers wishing to buy it for travel purposes, at eight o’clock this evening. […]

December 5, 2023

The Currency Auction.” The Central Bank of Iraq transfers more than $185 million to strengthen foreign funds

Shafaq News / Foreign remittances at the central bank auction rose on Tuesday 89% at the expense of cash sales to $185 million. The correspondent of the Shafaq News Agency […]

What Russia And China Just Did To Venezuela SHOCKS The Entire World, U.S Is Terrified!

December 5, 2023

Tech Revolution:  12-4-2023 On August 3rd, Venezuela made headlines as it officially applied to join the BRICS alliance, signaling a significant shift in its international relations strategy. This move is […]

December 3, 2023

Top 5 things to watch in markets in the week ahead

Investing.com — Friday’s nonfarm payrolls report for November will be in focus this week as investors try to assess whether the U.S. economy is remaining resilient in the face of […]

December 3, 2023

An economist warns: The dollar may soar “non-stop” after an American decision

Economic researcher Ziad Al-Hashemi warned yesterday, Saturday, of the return of the dollar crisis to square one, after the US Congress’ decision to freeze “Iran’s billions,” which may lead to […]

December 3, 2023

Rasheed Bank announces the launch of the second issuance of construction bonds with competitive interest

Al-Rasheed Bank announced today, Sunday, the start of the process of issuing the second batch of construction bonds. A statement issued by the bank, a copy of which NRT Arabia […]

December 3, 2023

Iraqi merchants will buy goods from Türkiye in dinars.. The Central Bank reveals the results of the Istanbul meeting

On Saturday, the Central Bank revealed the results of the discussions of the joint Iraqi delegation in Turkey, indicating that Iraqi merchants will buy goods from Turkey in dinars. A […]

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