AGP Executive Report
Last update: 7 hours agoCurrency Shock: Iraq reset the official dollar rate to 1,520 dinars, prompting MPs to seek a reversal. The move comes as disrupted oil shipments squeeze revenues and the 2027 budget faces a deficit above 40 trillion dinars. Oil Exports: Exports have steadied at 2.7 million barrels a day, bringing in an estimated $4.5–5 billion monthly. Baghdad is pursuing routes through Turkey and Syria to reduce reliance on the Strait of Hormuz. Trade and Investment: Qatar and Iraq agreed to establish a joint business council and reviewed about 60 Development Road investment opportunities valued at $250 billion. Customs: Iraq says digital ASYCUDA processing helped lift customs revenue to more than $2 billion so far this year, with rollout in the Kurdistan Region planned next. Energy: Basrah Gas Company won the 2026 Rasmi Al Jabri Award for its work turning flared gas into fuel for homes and industry.
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