Article "Prime Minister's Advisor: Iraq is qualified to become a regional financial center with four strategic powers." This is an insult.
How dare you tell me Iraq is going to become the financial hub in the Middle East at 1310...Be...wise enough, astute enough...confident enough to know none of this is at 1310...You're smart enough,
wise enough, savvy enough, you know what these articles are doing.
They're telling you everything (Asraflak) about monetary reform without giving you a new exchange rate because if they give you a new exchange rate then they got to also give you the lower notes.
US President Donald Trump has imposed a 30% tariff on Iraqi imports, a move expected to increase pressure on Iraq’s already fragile economy, an economic expert informed Shafaq News on Wednesday.
Nawar al-Saadi, professor of international economics, warned that the decision could have compounded effects on Iraq’s domestic market, cautioning that although exports to the United States are modest, the tariff will expose the deeper vulnerabilities in Iraq’s economic structure.
“Iraq lacks a diversified and resilient export base,” he said.
Al-Saadi added that such tariffs are rarely based on purely commercial considerations, linking the decision to Washington’s evaluation of Iraq’s trade compliance, regional positioning, and alignment on sanctions targeting Iran or Russia.
He further cautioned that the tariffs could signal a shift in broader trade relations, with potential consequences affecting not ties with the United States but also with other Western and regional partners.
To mitigate the fallout, al-Saadi urged a three-track response. He called on Baghdad to establish a direct diplomatic channel with Washington and to push for exemptions, reduced rates, or a delay in enforcement.
He also emphasized the need to expand trade partnerships, particularly with markets in China, India, Turkiye, and the Gulf. Achieving this, he noted, would require comprehensive industrial reforms and direct support for Iraqi producers to compete internationally.
Finally, Al-Saadi stressed that Iraq’s heavy reliance on oil leaves it exposed to global shocks and political volatility. “Diversification is no longer a long-term option—it’s an immediate national need,” he concluded, urging policymakers to reexamine Iraq’s economic model.
One of the biggest concerns about Iraq's currency regarding a revaluation is the country has overprinted the money.
Iraq's efforts to reduce the circulation of the IQD is excellent news.
The Central Bank of Iraq's gold reserves rose sharply in the first quarter of 2025.
A statement from the CBI said gold reserves reached IQD 21.2 trillion, which is about $16.2 billion, an increase of 19%...held in the previous quarter.
It added that gold reserves remains a vital component of Iraq's foreign reserves...The gold reserves do not include the over $100 billion in foreign reserves held in Iraq's accounts in the United States.
The House of Representatives will hold its first session of the second legislative term next Saturday
Reciting verses from the Holy Quran
Agenda
Session No. (1)
Saturday 12/June/2025
Al-Nawar session
Affairs Department
First: Voting on the proposed law of the Iraqi Programmers Syndicate. Labor and Civil Society Organizations Committee, Legal Committee), (26) articles.
Second: Voting on the draft law of mental health. (Health and Environment Committee), (42) articles.
Third: Voting on the draft law of protection from the harms of tobacco. Health and Environment Committee), (21) articles.
Fourth: First reading of the proposed law of the Union of Private Hospitals in Iraq. Health and Environment Committee), (8) articles
Fifth: Report and discussion of the second reading of the proposed law amending the first amendment to the Law of the National Authority for Nuclear, Radiological, Chemical and Biological Control No. (1) of 2024. (Health and Environment Committee).
Sixth: Report and discussion of the second reading of the proposed law amending the third amendment to the Law on Compensating Those Affected Who Lost Parts of Their Bodies as a Result of the Practices of the Former Regime No. (5) of 2009, as amended. (Martyrs, Victims and Political Prisoners Committee).
Seventh: Report and discussion of the second reading of the draft law on the Republic of Iraq's accession to the Convention Amending the Convention on the Physical Protection of Nuclear Material (Foreign Relations Committee, Health and Environment Committee).
The session begins at one o'clock in the afternoon link