Iraqi PM: Restrictions are useful, and I asked the Americans about their silence on the dollar chaos before me!

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After assuming the premiership, I faced the issue of the agreements between the previous government, the Treasury, and the US Federal Reserve, which were two years old at the time, regarding a roadmap for Iraq to enter the global financial compliance circle. However, the previous government did not implement any of them, and the deadline expired at the beginning of my government. My government was able to transform the challenge and commitment to the U.S. Treasury and the Federal Reserve into an opportunity to reform the Iraqi financial and banking system. This came at a social and political cost, which our opponents exploited. However, we leveraged the issue to end the anomalous situation of dollar-selling shops, which we all complained about, and we were able to implement the imposed obligations.

Al-Nusairi: 2025 indicators: a strong economy, a recovering dinar, and developing banks.

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Al-Nusairi said in an interview with Al-Eqtisad News that the local currency issued amounted to approximately 100 trillion dinars, and our dinar is recovering and gradually returning towards an exchange rate against the US dollar towards the equilibrium price targeted by the Central Bank. Our banks are developing and proceeding at a steady pace in accordance with the Central Bank’s strategy for reform, development, digital transformation and compliance with international standards. The number of Iraqi banks that have banking relations and accounts in solid international correspondent banks and deal with them directly in foreign transfers has reached approximately 20 banks and deal in multiple foreign currencies at the end of 2024.

Al-Sudani: Iraq is witnessing a state of recovery, growth, progress, and prosperity.

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Prime Minister Mohammed Shia al-Sudani affirmed on Tuesday that Iraq is witnessing a clear state of recovery, growth, progress, and prosperity, and that we are working to advance this process. He emphasized that establishing security and stability will enable the state to provide services and implement development and economic projects. The Prime Minister's Media Office said in a statement, seen by Al-Eqtisad News, that "Commander-in-Chief of the Armed Forces, Prime Minister Mohammed Shia al-Sudani, joined officers and fighters of the Land Forces Command for a Ramadan iftar meal."

Distributing oil revenues to Iraqis: "Economic collapse inevitable within two years"

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Controversy is escalating in Iraq over lawsuits filed by citizens demanding their share of oil revenues. An expert has warned of the disastrous economic consequences of such demands, asserting that direct distribution of oil revenues would lead to the collapse of the Iraqi economy within just one year.

Iraq’s Al-Rafidain bank: New AML system deployed

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“This reflects our commitment to global AML and counter-terrorism financing standards,” the bank stated, noting the move aims to strengthen trust in Iraq’s banking sector. The platform enables real-time surveillance of financial activity, centralized auditing via the AML Reporting Department, and improved detection of suspicious transactions.

Rafidain Bank deploys five ATMs in Baghdad that provide 24/7, commission-free services.

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To facilitate withdrawal and deposit operations

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Rafidain Bank announced on Friday, as part of its financial inclusion initiative, the deployment of automated teller machines (ATMs) at several stations in Baghdad. These machines facilitate commission-free withdrawal and deposit transactions around the clock, without the need to visit traditional branches. As part of its ongoing efforts to promote financial inclusion and facilitate access to banking services for various segments of society, Rafidain Bank has announced the deployment of automated teller machines (ATMs) at a number of stations. This allows customers to conduct withdrawals and deposits easily and securely around the clock, without any commission.

Oil exports from Kurdistan Region set to resume next week, confirms Iraqi parliament official

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Speaking at a press conference, Halbousi highlighted the progress made in recent discussions, emphasizing that key amendments to the budget law and agreements on export routes through the port of Ceyhan are well underway. In a significant development for Iraq’s energy sector, Haibat Halbousi, chairman of the Iraqi parliament's oil and gas committee, announced on Wednesday that oil exports from the Kurdistan Region will officially resume next week.

Iraq confronts economic crises with the "digital dinar." The parallel market is threatened with "extinction."

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The digital dinar is a digital currency issued by the central bank, officially part of a country's monetary system. It is similar in value to the traditional dinar, but is traded electronically via digital wallets or approved financial applications. It facilitates instant money transfers within the country or across borders, reduces the logistical burden of issuing paper or metal currency, and enables broader segments of society to access digital financial services. This project comes in light of the significant economic challenges facing Iraq, such as its heavy reliance on paper money and the phenomenon of hoarding. The digital dinar aims to address these challenges by providing a safe and effective digital alternative to paper money.

To reduce speculation, a Sudanese advisor reveals a new monetary strategy.

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Saleh emphasized that "these steps coincide with enhancing the freedom of the foreign exchange process, with a high commitment to transparency and money governance in line with international standards." He pointed out that "this strategy is being implemented in an organized and precise manner by the Iraqi banking system, and specifically targets large transfers, especially those related to financing wholesale trade."

Iran issues new 200,000 toman banknote

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According to the Central Bank, the new design features a check featuring an image of the Ruhollah Khomeini Mosque in Isfahan, while the reverse features a painting by Mahmoud Farshchian called Choghan.

Iran is witnessing an unprecedented surge in popular protests, with the economic situation worsening and the national currency collapsing to record lows. The US dollar has reached 95,300 tomans, while the price of a gold bar has exceeded 79 million tomans.