RAPID IRAQ UPDATE , 8 OCT

 Rapid Iraq 🇮🇶 Update 

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Finance Ministry is preparing 2025 budget tables.  

Here’s what I plucked out of the budget table. 

👉 major construction projects will continue to progress in accordance with the vision of government program to ensure the continue the growth rates of the gross domestic product in general and the gross domestic product NON- OIL in particular 🔥

Iraq 🇮🇶 raises its gold holdings to more than 152 tons.  Ranked 29th out of 100 countries 

Iraqs budget gets a boost with rising oil prices.   The war on Lebanon 🇱🇧 and fears of escalations in the region leads to higher oil price.  

Dinar exchange rate declines slightly.   

Sunday the IQD was 1550 dinars to $1 and today in Baghdad 1520 to $1 

These rates mirror rates from 3-4 months ago.   No change over the summer.  

War in the Middle East my friends.  

It is not worthy to say the federal reserve bank US Central Bank had previously imposed measures and restrictions on foreign financial transfers from Iraq to ensure that these transfers did not reach Iran or Syria. 

Stay Rapid 👍