Iraq Economic News and Points to Ponder Monday Evening 1-27-25
Specializations And Tasks
January 27, 2025 The competencies and tasks of the directorate
License of non -bank financial institutions
All licensing applications are carefully examined according to the principle of equality between all requests, in order to ensure the availability of conditions that allow competition in the Iraqi market and keep pace with rapid developments in the global and local financial sectors, while achieving the utmost efficiency and transparency.
Supervising and controlling non-bank financial institutions
This directorate works as a supervisory authority, as it adopts a flexible and contemporary monitoring approach that enables it to supervise and monitor to ensure success in the Iraqi financial sector. https://cbi.iq/news/view/2778
Laws, Regulations And Instructions
January 27, 2025 Laws, regulations and instructions
The Iraqi Central Bank Law.
The Anti-Money Laundering and Terrorist Financing Law No. 3 of 2015.
Electronic payment services system No. 2 of 2024.
Work controls for foreign remittances service providers for the year 2021.
Working controls for exchange companies.
Financial companies work controls.
https://cbi.iq/news/view/2777
Gold Prices Stabilize In Baghdad
Energy Economy News – Baghdad The prices of "foreign and Iraqi" gold stabilized in the local markets in the capital, Baghdad, today, Monday, recording the same prices that were monitored yesterday.
Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, this morning recorded a selling price for one mithqal of 21 karat Gulf, Turkish and European gold of 584 thousand dinars, and a purchase price of 580 thousand dinars.
The selling price of one mithqal of 21-karat Iraqi gold reached 554 thousand dinars, and the purchase price was 550 thousand.
As for gold prices in goldsmiths’ shops, the selling price of a mithqal of 21-karat Gulf gold ranges between 585,000 and 595,000 dinars, while the selling price of a mithqal of Iraqi gold ranges between 555,000 and 565,000 dinars. https://economy-news.net/content.php?id=52317
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