AGP Executive Report
Last update: 7 hours agoCurrency Pressure: The dollar rose to 167,000 dinars per $100 in Baghdad’s wholesale market, adding pressure on importers and households after Iraq reset its official exchange rate. Cost Relief: The government waived customs duties on imported food and medicines, retroactive to October 7, to help contain price increases. Economic Outlook: The IMF projects Iraq’s economy will contract 16% this year as regional conflict disrupts oil shipments. In Bangkok, Finance Minister Faleh Sari said Iraq aims to reduce oil dependence, strengthen the private sector and complete financial reforms within two years. Oil and Energy: DNO’s Kurdistan Region oil sales jumped 94% year on year in the third quarter as production resumed after a shutdown. In Riyadh, Iraq’s oil minister joined OPEC+ and global energy talks, while Prime Minister Ali al-Zaidi met Saudi Crown Prince Mohammed bin Salman to discuss cooperation amid regional disruption.
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