Shibli: The CBI Gov Has Failed To Control The Currency Market.

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Shibli: The CBI Gov Has Failed To Control The Currency Market.

Treat as rumors.  Not verified.  Your opine.

 

 

FROM IRAQI SOURCES:  Shibli: The CBI Gov Has Failed To Control The Currency Market.

ARTICLE:  Member of the Finance Committee, Nazim al-Shibli, asserted that the performance of the CBI Gov raises many questions, indicating his failure to manage the country's monetary policy.  This, he stated, has allowed currency smuggling rings to operate freely.

 

Al-Shibli said, "The current monetary policy has not achieved the required stability; rather, it has contributed to deepening the economic crisis plaguing Iraq."

 

He added, "The absence of strict oversight of Iraq's financial affairs has opened the door for currency smuggling rings to operate abroad, which has negatively impacted the local market & the value of the Dinar."

 

He explained that "the continuation of this situation threatens the country's economic security & exacerbates the suffering of citizens, necessitating urgent & decisive measures to stop the drain on hard currency & regulate the markets."   

 

The Dollar Ends The Week With A Slight Increase In Local Markets. 

ARTICLE:  The ER of the USD against the Iraqi Dinar saw a slight increase in local markets in the capital, Baghdad.    The selling price reached 142,250 Dinars per 100 Dollars, while the buying price reached 140,250 Dinars per 100 Dollars. 

 

During His Meeting With A High-Level American Delegation, Al-Araji Stated: The Iraqi Government Is Committed To Openness Towards All Countries Of The World.

ARTICLE:  Nat'l Security Advisor Qasim al-Araji affirmed that the Iraqi government is committed to openness with all countries of the world.

The Nat'l Security Advisory stated in a press release: "Al-Araji met today with a high-level American delegation headed by the Director of the US Nat'l Counterterrorism Center, Joseph Kent & in the presence of the Chargé d'Affaires of the US Embassy in Baghdad, Joshua Harris."

During the meeting, they discussed developing relations between Iraq & the US in a way that serves & strengthens common interests, as well as continuing joint cooperation & the exchange of expertise & information in the field of counterterrorism.

The American delegation praised Iraq's political acumen in avoiding involvement in international & regional conflicts and its efforts to de-escalate tensions in the region.

For his part, al-Araji affirmed that the Iraqi government is committed to openness with all countries of the world in a way that serves Iraq's security & economic interests & strengthens cooperation in the field of development, noting that the strategic relationship with the US serves both countries & enhances common interests.

During the meeting, al-Araji also expressed his gratitude to the countries that have withdrawn their citizens from al-Hol camp, praising the success of the recent conference in NY on this issue.  He explained that Iraq's goal is to completely close al-Hol camp in order to ensure the sustainability of security & stability in the region & the world.

For its part, the American delegation praised the Iraqi government's role in withdrawing Iraqi families from al-Hol camp, rehabilitating them & reintegrating them into society.

 

Iraq's Gold Reserves Are Approaching The 171-Ton Mark.
ARTICLE:  The World Gold Council confirmed on Thursday that Iraq's reserves of the yellow metal have approached the 171-ton mark, maintaining its global ranking among the countries with the largest gold reserves.

The council said in its latest statistics for November that Iraq did not buy any gold during the 1st seven months of 2025, yet it maintained its 29th place globally out of 100 countries, with the largest reserves of the precious metal.

He pointed out that Iraq’s gold reserves amounted to 170.9 tons, which is equivalent to 21.6% of its other hard currency reserves & thus it came 4th in the Arab world after Saudi Arabia, Lebanon & Algeria with the largest gold reserves.

The council noted that the US tops the list of the world’s largest gold holders, with 8,133 tons, followed by Germany with 3,350 tons, then Italy with 2,451 tons, while Trinidad & Tobago & Haiti are at the bottom with 2.0 & 1.8 tons respectively.

It is worth noting that the World Gold Council, which is based in the UK, has extensive experience & in-depth knowledge of the factors affecting market changes & its members include the world’s largest & most advanced gold mining companies.  

 

Gold Prices Rise Again In Baghdad.

ARTICLE:  Gold prices, both Iraqi & foreign, have risen in local markets in Baghdad. 

 

This morning, wholesale gold prices in the Al-Nahr Street market in Baghdad reached 794,000 Iraqi Dinars for one mithqal (approximately 4.5 grams) of 21-karat gold (Gulf, Turkish & European) & 790,000 Dinars for one mithqal, compared to 788,000 Dinars yesterday.

 

The selling price of one mithqal of 21-karat Iraqi gold was 764,000 Dinars, with a buying price of 760,000 Dinars.

 

As for gold prices in jewelry shops, the selling price of one mithqal of 21-karat Gulf gold ranged between 795,000 & 805,000 Dinars, while the selling price of one mithqal of Iraqi gold ranged between 765,000 & 775,000 Dinars.

 

Oil Prices Stabilize After Falling To Their Lowest Level In Two Weeks.
ARTICLE:  Oil prices were largely stable early on Thursday (November 6, 2025), after hitting their lowest level in two weeks at settlement in the previous session.

This comes amid continued pressure on the market due to weak demand and a global oversupply of crude oil.

Brent crude futures rose 22 cents to $63.72 a barrel by 7:40 a.m. Baghdad time, while U.S. West Texas Intermediate crude futures settled at $59.81 after rising 21 cents.

In the previous session, oil prices declined after the US Energy Information Administration announced that US crude oil inventories rose by 5.2 million barrels to 421.2 million barrels last week, compared to expectations of an increase of 603,000 barrels.