Iraq · Country watch
IMF Talks with Iraq, PM's Regional Tour
IMF begins discussions for financial support to Iraq; PM Ali al-Zaidi embarks on a regional diplomatic tour.
The picture Stable How this is judged →
Business conditions in Iraq remain stable with the IMF initiating financial discussions and the PM's regional tour promoting diplomatic ties. Currency exchange rates also show stability, aiding financial planning.
Flare-up watch: Calm (0.4) · How this is judged → · All Iraq briefings →
In this briefing Iraqi dinar · US dollar · Julie Kozack · International Monetary Fund · Iraq · Ali al-Zaidi · Kuwait · Bahrain
Markets
US Dollar Rates Steady at 168,000 Dinars in Iraq
The exchange rate of the U.S. dollar against the Iraqi dinar remained stable at approximately 168,000 dinars across major trading hubs on Monday, according to Iraqi News. This stability follows a period of fluctuation in the currency market. The consistent rate is observed in retail selling and buying activities in Baghdad and other key cities.
Impact Importers and exporters dealing in U.S. dollars face stable currency exchange conditions, easing transaction planning.
Sources: Iraqi News ↗
Politics
IMF to Start Programme Discussions with Iraq
The International Monetary Fund (IMF) is set to begin programme discussions with Iraq following a request from Iraqi authorities for financial and policy support, according to Iraq Business News. IMF Managing Director indicated the Fund's firm intention to support Iraq during meetings in Bangkok. Julie Kozack, IMF Communications Director, confirmed the discussions aim to address Iraq's economic challenges. The talks are expected to focus on financial stability and policy reforms to bolster Iraq's economy.
Impact Lenders to Iraq and public-sector contractors may see shifts in financial policies as IMF discussions progress.
Sources: Iraq Business News ↗
Iraqi PM Ali al-Zaidi to Visit Kuwait, Bahrain
Iraqi Prime Minister Ali al-Zaidi is scheduled to visit Kuwait and Bahrain this week as part of a regional diplomatic tour, Iraqi News reports. The visit aims to strengthen diplomatic and economic ties with neighboring countries. Official sources confirmed the trip, which is part of Iraq's broader strategy to enhance regional cooperation and economic partnerships.
Impact Exporters and trade partners may benefit from strengthened diplomatic ties between Iraq, Kuwait, and Bahrain.
Sources: Iraqi News ↗
Nothing significant reported today in Regulation · Disruption · Internal tension · Safety & health · Companies · Trade.
Also today in the local press
- Trump’s Closing Midterm Message — Lvin Press Kurdish
- Eurobites: VMO2 planning mass layoffs – reports — Iraqi Media Network
- Israeli Elections as an Assessment of the Jewish Question — Awene News Kurdish
- UK to Make Some Migrants Wait 10 Years to Settle, Eases Rules for Care Workers — PUKmedia Kurdish
- IBBC Baghdad Conference: 'Iraq - Rising to the Challenges' — Iraq Business News
- Iraq’s CMC suspends Korek services — Iraqi News
- Comcast state-level layoff warnings start to roll in — Iraqi Media Network
- Oil Prices Fall Nearly 3.5% Amid Hopes of Iran War Resolution — PUKmedia Kurdish
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
- Argentina: IMF Payment Strain; Cyber Monday Launch
- Brazil: New SAC Rules, Volta Redonda Violence
- Canada: Ontario Speeds Mining Approvals, Time Change Ends
- China: PBOC's $15B Asset Swap, Chinese Stocks Rebound
- Colombia: Alicorp Expands in Cali, Fiscal Rescue Law Backed
- Germany: Fuel Price Cap Plan, Deutsche Bahn Delays
- Egypt: Egypt Cuts Spending, Banque du Caire IPO
- Spain: Blocus Arrests in Barcelona, Ibex 35 Rises
- France: Student Protests Persist, Mondial Relay Expands Hiring
- United Kingdom: UK Evacuations Over Safety, Skilled Migrants Boost
- Indonesia: Tax Incentives Reviewed, Flood Warnings Issued
- Israel: Cybersecurity Alert, Herzog's Coalition Strategy
- India: Delhi Trade Disruption, Sensex Surge, Helicopter Services Halted
- Iran: Oil Prices Drop, Iran-Africa Trade Surges
- Italy: Cyberattacks Hit Italian Supermarkets, Schools Close
- Jordan: Gold Prices Rise, Border Security Tightened
- Japan: GMO Data Breach, Japan FX Intervention, Resona's Semiconductor Focus
- Kenya: IMF Urges Tax Reform, Cybersecurity Boost
- South Korea: KOSPI Rebounds, Won Rises, Medical Tourism Boost
- Lebanon: Lebanon Power Cuts, Army Security Operations
- Morocco: Transport Subsidy Extended, Weather Alerts Issued
- Mexico: Matamoros Troop Deployment, Jalisco Water Crisis
- Malaysia: Flooding Disrupts Subang; Foreigners Banned from Bazaars
- Nigeria: SSANU Strike Begins, Eurobond Yields Rise
- Netherlands: Dutch Tax Plan Delayed, Supermarket Cyberattack
- Poland: Tax Changes Proposed, Gas Bill Support Planned
- Portugal: Public Sector Strike Hits Services, Minho Rail Disrupted
- Russia: Russia's Energy Strategy, Ukraine Power Outages
- Syria: Tax Reforms and Bakery Violations Impact Business
- Turkey: Turkey-AB Agriculture Trade Rises, Istanbul Traffic Disruption
- Ukraine: Power Cuts Widen, Kyiv Transport Disrupted
- United States: Data Center Bans, Cyberattacks on Alert Apps
- Vietnam: VN-Index Drops, HCMC Attracts New Investments
- Yemen: Yemen Cabinet Reshuffle; Houthi Attack in Lahij
- South Africa: SAHRC Blames Water Crisis, AGOA Trade Uncertainty