Iraq Economic News and Points to Ponder Thursday Afternoon 3-13-25
Gold prices stabilize as markets await inflation data
Wednesday, March 12, 2025 | Economic Number of reads: 169 Baghdad / NINA / Gold prices stabilized on Wednesday, ahead of important US inflation data that may help gauge the path of the Federal Reserve's interest rates amid trade tensions and fears of an economic slowdown.
Spot gold settled at $2,916.69 per ounce by dawn today, while US gold futures rose 0.1 percent to $2,922.30.
Investors are awaiting US consumer price index data due later today to analyze the Federal Reserve's stance on interest rates next year.
If rising price pressures force the Fed to keep interest rates high, gold may lose its appeal as it is a non-yielding asset.
US President Donald Trump's tariffs are widely expected to fuel inflation and economic uncertainty, pushing gold to a record high of $2,956.15 on February 24.
Trump defended his tariff policies on Tuesday during a meeting with CEOs of major U.S. companies, including several whose market value has fallen in recent days as consumer and investor sentiment has deteriorated due to recession and inflation fears.
Spot silver fell 0.5 percent to $32.76 an ounce, platinum rose 0.4 percent to $978.60, and palladium fell 0.6 percent to $940.53. /End https://ninanews.com/Website/News/Details?key=1191365
The Center For Banking Studies Concludes The Accounting And Budget Auditing Course.
March 12, 2025 The Banking Studies Center at the Central Bank of Iraq concluded its course on the mechanism of
reviewing accounts and
auditing budgets
for 65 trainees working in the financial, accounting, and auditing departments in the Iraqi banking sector.
The course program included training participants on how to
prepare and analyze budgets,
submit financial reports in accordance with international accounting standards, and
improve their ability to examine financial records and
ensure they comply with legal and regulatory standards.
Central Bank of Iraq Media Office March 12, 2025 https://cbi.iq/news/view/2824
The Center for Studies concludes the Certified Bank Branch Manager course by distributing the certificate.
March 12, 2025
The Center for Banking Studies at the Central Bank of Iraq organized a special ceremony to distribute the Certified Bank Branch Manager (CBBM) certificate to participants from various Iraqi banks.
This celebration comes within the framework of the great importance of this type of professional certificate, especially since
it was coupled with cooperation with the awarding body, the
Professional Development Institute (PDI), which added the
international accreditation feature to this certificate
for the first time at the level of the Center for Banking Studies.
The Center considered the test internationally and accredited by the aforementioned body,
confirming its successful role in raising the readiness of the Iraqi banking sector to perform its duties in providing the best financial and banking services to the public dealing with them,
in a way that
ensures enhancing the quality of performance and the
level of services provided across the sector towards achieving sustainable development.
This comes as part of the Center's strategic direction to cooperate with reputable international entities,
granting the necessary professional certificates in various banking fields, in
implementation of the government's program for the required qualitative achievement.
Central Bank of Iraq Media Office March 12, 2025 https://cbi.iq/news/view/2825
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