Iraq Economic News and Points To Ponder Thursday Evening 10-1-26
The Dollar In Iraq: The Government Announces The Arrival Of A New Cash Shipment
Last updated: October 1, 2026 The Independent - Iraqi government spokesman Haider al-Aboudi announced the arrival of a new shipment of cash dollars to Iraq, as part of the understandings reached with the United States regarding the continued sending of shipments of US currency to meet legitimate needs in the Iraqi market.
Al-Aboudi had previously confirmed that Prime Minister Ali Faleh al-Zaidi, during his visit to the United States, reached an understanding regarding the continued sending of cash dollar shipments to Iraq, in a move that the government said comes in conjunction with strengthening control measures over the distribution of foreign currency and regulating its use.
According to government statements, the understandings with the American side came in light of the measures taken by Iraq to reduce the misuse of foreign currency, in addition to the expansion of electronic payment systems and the gradual shift towards digital transactions.
Official authorities have not yet announced the value of the new shipment of cash dollars, while previous statements indicated that the aim of continuing these shipments is to provide the necessary liquidity to cover legitimate demands for foreign currency.
The shipment comes at a time when the Iraqi exchange market is witnessing continuous movements in the dollar exchange rate against the dinar, making the levels of cash liquidity and the size of the supply of the American currency among the issues that are widely followed in economic and banking circles.
The impact of the new shipment on liquidity levels and the movement of the exchange market is expected to become clear in the coming period, in conjunction with the continuation of governmental and banking measures aimed at regulating the trading of the dollar and strengthening control over its uses. https://mustaqila.com/الدولار-في-العراق-الحكومة-تعلن-وصول-شح/
Starting Next Week, Al-Taif Bank Announces Cash Withdrawals For Its Customers In The Provinces.
Shafaq News - Baghdad Al-Taif Islamic Bank of Iraq announced on Thursday that it has strengthened its branches in various governorates with cash and liquidity as part of the measures taken to regulate withdrawal operations and provide cash liquidity to customers.
In an official statement, the bank said that starting from the beginning of next week, the bank’s customers will be able to make withdrawals from the bank’s branches in the governorates according to specific and approved ratios, in order to ensure the organization and smooth flow of the disbursement process.
The statement confirmed that the process of replenishing branches with cash has already been completed, noting that procedures are ongoing to facilitate and organize withdrawals in a way that ensures the best possible smoothness for customers.
This statement comes with the confirmation by the management of Al-Taif Islamic Bank, represented by the Trustees Committee, on September 19th, that the ratios will be adopted in the near future to distribute depositors’ funds according to the balances available in the accounts in order to achieve the principle of fairness in distribution.
The Central Bank of Iraq had decided to place Al-Taif Islamic Bank for Investment and Finance under guardianship for 18 months, due to violations that it said affected the bank's financial position and depositors' funds.
The Central Bank stressed that imposing guardianship does not mean the bank’s bankruptcy, but rather comes within the framework of precautionary supervisory measures aimed at protecting the rights of depositors, noting that depositors’ funds are protected under the applicable laws and regulations.
Following this, a number of depositors demonstrated in front of Al-Taif Islamic Bank in the Karrada district of Baghdad, protesting the freezing of banking services and the suspension of withdrawal and deposit operations, following the measures taken by the Central Bank of Iraq against the bank.
Speaking to Shafaq News Agency, the protesters demanded an end to restrictions on banking services and that they be allowed access to their money and the ability to withdraw their deposits, stressing that their demands focus on receiving their money and not leaving it pending.https://www.shafaq.com/ar/مجتـمع/اعتبارا-من-ال-سبوع-المقبل-مصرف-الطيف-يعلن-السحب-النقدي-لزبا-نه-في-المحافظات
A Government Source: We Are Working To Stimulate Economic Activity And Protect Purchasing Power, And There Is No Decision Yet To Change The Currency Or Remove Zeros
Baghdad - One News A government source confirmed that the government is aware of the slowdown in buying and selling in the markets, and is working on solutions to stimulate economic activity and protect the purchasing power of citizens.
The source explained that the current economic challenges are not limited to Iraq, but are faced by most countries in the region due to regional tensions and the closure of the Strait of Hormuz and the resulting economic pressures and repercussions.
He pointed out that the government seeks to address internal obstacles and stimulate commercial and productive activity, in addition to facilitating financing for productive projects and supporting the private sector, with the aim of revitalizing market activity and driving the economy forward.
Regarding the talk circulating about changing the currency or removing zeros, the source reassured citizens that putting forward such proposals does not mean approving them or starting to implement them, stressing that the file is still in the initial discussion phase and no decision has been made about it yet.
He added that boosting confidence in the markets requires providing clear information and practical steps, in parallel with cooperation between the government, financial institutions and the private sector to alleviate pressures and improve economic activity.
The source called on citizens, merchants, and business owners to remain calm regarding circulating news and to rely on official information, particularly concerning currency, procedures, and economic policies.
https://1news-iq.net/مصدر-حكومي-نعمل-على-تحريك-النشاط-الاقت/