AGP Executive Report
Last update: 9 hours agoCentral Bank Watch: Iraq’s CBI denied any change to the official US dollar rate after social media claims deposits would be priced at 1,460 dinars per dollar from Sept. 6, reiterating the latest published rate of 1,310 dinars and warning the rumors aim to destabilize the economy. Banking Stability: The CBI also reassured depositors that funds are protected and liquidity is adequate, saying guardianship of Al-Taif Islamic Bank is a legal precaution, not proof of bankruptcy, and noting deposit insurance coverage. Airport & FX Logistics: Baghdad International Airport warned travelers of possible currency exchange delays after the CBI closed several exchange companies at the airport, urging passengers to arrive early. Fuel Crisis: Long queues returned at Baghdad fuel stations as gasoline supplies dwindled amid regional conflict-linked import disruptions, highlighting Iraq’s reliance on imported refined products. Anti-Corruption: Iraq’s Federal Integrity Commission arrested five staff overseeing a hospital renovation in Al-Muthanna, alleging cost discrepancies, delays, and stalled equipment affecting patient services. Regional Trade Shift: Thai rice shipments to Iraq are being rerouted overland via Jordan and Türkiye as Strait of Hormuz disruptions reshape Gulf trade flows. Cross-Border Business: Iran and Iraq’s Kurdistan Region discussed easing border movement and expanding road transport and tourism links, focusing on customs procedures and logistics.
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