Iraq Economic News and Points to Ponder Monday AM 4-7-25

A Sudden Decision: Stopping The Supply Of Dollars To Travelers At The Official Exchange Rate.

Time: 2025/04/06 Read: 1,395 times   {Local: Al Furat News} An informed source reported on Sunday that the relevant authorities have stopped supplying travelers with US dollars at the official exchange rate of 1,320 dinars per dollar.

The source told Al-Furat News, "It was decided to stop supplying travelers with dollars at the official exchange rate of 1,320 dinars."

The source explained that "this step came as a result of the lack of sufficient quantities of the currency available to the relevant authorities, amid growing demands from exchange companies to provide dollars on a continuous basis to meet travelers' needs."  LINK

The Dollar Exchange Rate Rose Against The Dinar In Baghdad And Erbil

Sunday, April 6, 2025, | Economic Number of readings: 53  Baghdad/ NINA / The exchange rates of the dollar rose against the dinar, Sunday afternoon, in the markets of Baghdad and Erbil governorates, coinciding with the closing of the stock exchange.

The dollar prices recorded an increase with the closing of the Al-Kifah and Al-Harithiya stock exchanges, recording 147,600 dinars for every $100, while the prices recorded this morning were 147,300

dinars for every $100. Selling prices in exchange shops in the local markets in Baghdad witnessed an increase, as the selling price reached 148,500 dinars for every $100, while the purchase price reached 146,500

dinars for every $100. In Erbil, the dollar also recorded an increase, as the selling price reached 147,400 dinars for every $100, and the purchase price reached 147,300 dinars for every $100. /End

https://ninanews.com/Website/News/Details?key=1195976

Iraq's Gold Reserves Have Declined, Prompting Local Sales.

Time: 2025/04/06   Read: 2,730 times  {Economic: Al Furat News} The World Gold Council announced today, Sunday, that Iraq's gold reserves have decreased by 100 kilograms.
According to observers, the 100 kilogram shortage in Iraq's gold reserves is due to its domestic use and sale in the form of gold bullion.

According to the latest table published by the Council in April, Iraq's gold holdings decreased by 100 kilograms to 162.6 tons, down from 162.7 tons the previous month. This represents 14.5% of its remaining reserves.

The Council added that Iraq maintained its 28th place on the list out of 100 countries, indicating that Iraq came in fourth place among Arab countries after Saudi Arabia, Lebanon, and Algeria.

The Council also noted that the United States of America tops the list of countries with the largest gold holdings in the world, with 8,133,000 tons, followed by Germany with 3,351,000 tons, then Italy with 2,451,000 tons, while Iceland comes in last with two tons.

It's worth noting that the World Gold Council is headquartered in the United Kingdom and possesses extensive experience and in-depth knowledge of the factors driving market change. Its members comprise some of the world's largest and most advanced gold mining companies.  LINK

Iraqi Oil Exports To The US Declined Last Week

Sunday, April 6, 2025 | Economic Number of reads: 295   Baghdad / NINA / The US Energy Information Administration announced a decline in Iraqi oil exports to the United States during the past week.

The administration said in a table that "the average US imports of crude oil during the past week from ten major countries amounted to 6.197 million barrels per day, an increase of 549 thousand barrels per day compared to the previous week, which amounted to 5.648 million barrels per day."

It added that "Iraq's oil exports to America decreased, reaching an average of 132 thousand barrels per day, down from last week, which averaged 203 thousand barrels per day."

The administration indicated that "the largest oil revenues to America during the past week came from Canada, followed by Mexico, Brazil, and then Saudi Arabia."

According to the table, "the amount of US imports of crude oil continued from Colombia, Venezuela, Libya, Ecuador, and Nigeria." / End  https://ninanews.com/Website/News/Details?key=1195886

The Prime Minister Chairs The Regular Session Of The Higher Authority For Coordination Between Governorates

Sunday, April 6, 2025 | Politics Number of reads: 213   Baghdad/ NINA / Prime Minister Mohammed Shia al-Sudani chaired the regular session of the Supreme Council for Coordination between the Governorates./End

https://ninanews.com/Website/News/Details?key=1195943

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