CBI: Iraqi Economic Report.

[Luigi1]

Here's some articles of Dinarian interests...

Direct From The SANDBOX Report.

CBI:  Iraqi Economic Report.

Treat as rumors.  Not verified.  Your opine.

 

 

 

FROM IRAQI SOURCES:   The Iraqi Stock Exchange Trades Shares Worth 4 Billion Dinars Within A Week.

ARTICLE:  The Iraq Stock Exchange announced on Monday that shares worth more than 4 billion Dinars were traded last week.

 

The market reported that "the number of companies whose shares were traded last week reached 59 joint-stock companies, while the shares of 34 companies were not traded due to the lack of matching of buy and sell orders, while 11 companies remain suspended for failure to disclose their shares, out of 104 companies listed on the market."

 

According to the report, the number of traded shares reached 5 billion, 359 million, and 690 thousand shares, an increase of 68.5% compared to the previous week, with a financial value of 4 billion, 555 million & 42 thousand Dinars, an increase of 25% compared to the previous week through the execution of 4,053 transactions.

 

According to the market report, “the ISX60 traded price index closed at 964.24 points, recording a 10% increase compared to its closing in the previous session,” noting that “the number of shares purchased by non-Iraqi investors last week amounted to 95 million shares with a financial value of 395 million Dinars through the execution of 102 transactions.

 

The number of shares sold by non-Iraqi investors reached 197 million shares, valued at 445 million Dinars, through 133 transactions.

 

The Iraq Stock Exchange holds five trading sessions weekly, from Sunday to Thursday & lists 104 Iraqi joint-stock companies representing the banking, telecommunications, industry, agriculture, insurance, financial investment, tourism, hotels & services sectors.

CBI Media Office.

 

CBI: Iraq To Bid Farewell To Cash Payments In 2026E

The CBI expects July 2026 to be the date for ending cash payments in all government institutions & other facilities.

The Director of Supervision of Non-Banking Financial Institutions at the Bank, Durgham Musa, said in a statement to the official newspaper, followed by Mawazine News, that "the CBI, within the framework of legislation & regulations & under the direct supervision of PM Mohammed Shia al-Sudani & specialists in other ministries, has achieved progress in the field of electronic payments."  He pointed out that "trillions of Dinars have been paid electronically, in addition to the complete absence of cash transactions in the departments of the Ministry of Interior."

Musa described these indicators as "excellent," aspiring to generalize the experience to all state ministries, indicating "the existence of more than one initiative to encourage other state institutions to enter the framework of electronic digital payments."

He expected that "Iraq will completely abandon cash transactions in state institutions & other facilities in July of next year, thanks to the efforts & direct supervision of the government & the sectoral body represented by the CBI."  

CBI Media Office.

 

Central Bank: Exports & Imports To Decline In The 2nd Quarter Of 2025.
The CBI announced, on Monday, a decline in exports & imports in Iraq during the 2nd quarter of 2025.

The bank stated, in statistics reviewed by Al-Eqtisad News, that "Iraqi exports declined during the 2nd quarter (Q2) of the current year to reach $23.285 billion, compared to imports in the 1st quarter (Q1), in which exports reached $24.112 billion."

According to the CBI's statistics, exports included crude oil worth $20.956 billion, petroleum product exports worth $981 million & other exports worth $1.347 billion.

She explained that Iraqi imports also declined to $17.534 billion, compared to $18.158 billion in the 1st quarter.  She noted that imports included government imports worth $1.813 billion & private sector imports worth $15.993 billion. 

CBI Media Office.

 

 

 

Luigi's two cents worth...

Could July 2026 be the cutoff date to exchange our Dinars?

If the RV-RI happened around Iraqi election that would give us about 7 months to cash in.

This according to the above article.  Iraq wants to be cashless By July 2026.

Just a thought...no hard proof.   IMHO.

[bkeiller]

I understand it to be cashless Iraqi government payments by 2025, i.e., just the government.

 

It's a bit of a stretch to apply that to the whole economy. The peeps still love their paper money to firm up their mattresses.