Iraq pipeline revival is gaining momentum as regional tensions threaten oil exports through the Strait of Hormuz. Due to repeated Iranian threats to block this critical passage, Baghdad is now reconsidering long-abandoned routes.
Currently, Iraq exports most of its crude oil via tankers that pass through the Strait of Hormuz. However, the increasing volatility in the Gulf region has raised...
Gold and Iraqi dinar prices today continued to reflect regional demand and global market dynamics. In Iraq’s currency market, the dollar showed small yet noticeable shifts.
In Baghdad, the exchange rate for $100 reached 141,250 Iraqi dinars. However, the rate in Erbil reached 141,0150 Iraqi dinars. These city-to-city differences highlight the impact of local trading activity on national exchange rates.
The...
Dollar-Dinar Exchange Rate:
The exchange rate for $100 stood at 143,900 Iraqi dinars in Baghdad on Monday, while in Erbil, it edged slightly higher to 144,000 dinars. These minor regional differences reflect varying levels of local demand, which continue to shape currency market dynamics across Iraq.
Gold Prices:
Gold prices experienced a slight decline in both Baghdad and Erbil, according to a...
Iraq economic fallout is becoming unavoidable as the Iran-Israel war enters its sixth day. Although Iraq is not directly involved, the crisis is affecting it sharply.
On Wednesday, June 18, 2025, international economics expert Dr. Nawar Al-Saadi outlined the immediate dangers. He highlighted three urgent issues facing Iraq’s economy today.
First, the Iraqi market is seeing a spike in the US...
Baghdad - The Israel-Iran confrontation impact could send oil prices soaring to as high as $300 per barrel, Iraq has warned. Foreign Minister Fuad Hussein said the global market is at serious risk if the conflict continues unchecked.
He stressed that ongoing military tensions could disrupt oil production from Iraq and Gulf countries. As much as five million barrels per day could...
Dollar-Dinar price:
The exchange rate for $100 reached 143,900 Iraqi dinars. Meanwhile, in Erbil, the rate slightly increased to 144,000 Iraqi dinars. These minor differences between cities highlight how regional demand continues to influence the currency market.
Gold Prices:
the gold market showed notable stability despite general economic shifts. Today, one gram of 24-karat gold was priced at 790,000 Iraqi dinars. In...
Baghdad - Guarantor-free loans for young entrepreneurs are at the center of a new financial initiative in Iraq. The government announced plans to launch this program in the coming weeks. It aims to help young Iraqis start businesses without needing a guarantor.
Applicants can now secure loans of up to 350 million Iraqi dinars. Most importantly, they won’t need a government...
Dollar-Dinar price:
The exchange rate for $100 reached 141,450 Iraqi dinars. Meanwhile, in Erbil, the rate slightly increased to 141,400 Iraqi dinars. These minor differences between cities highlight how regional demand continues to influence the currency market.
Gold Prices:
the gold market showed notable stability despite general economic shifts. Today, one gram of 24-karat gold was priced at 758,000 Iraqi dinars. In...
Iraq mining industry growth plays a vital role in the country’s plan to reduce dependence on oil revenues. Since oil accounts for more than 90 percent of government income, Iraq is focusing on developing its rich mineral resources to diversify the economy. This shift aims to create a more balanced and sustainable future.
Mazhar Salih, the Prime Minister’s financial advisor,...
Iraq gas flaring reduction efforts are gaining momentum through a series of large-scale national projects. These initiatives aim to minimize flaring linked to oil production, increase domestic gas output, and fuel Iraq’s growing energy needs.
The Ministry of Oil recently announced a major leap in associated gas utilization. Iraq has boosted its usage from 53 percent to 70 percent. This...