News, Rumors and Opinions Tuesday 5-12-2026
KTFA:
Clare: Expert warns of economic "collapse": Iraq's exports have declined dangerously
5/11/2026 Information/Baghdad...
Economic expert Ahmed Al-Waeli warned on Monday of a "catastrophe" threatening the country due to the inability of alternative routes to compensate for lost oil exports. He emphasized that the new parliamentary trend of opening appointment files will exacerbate the financial deficit.
Al-Waeli told Al-Maalouma that "Iraq's exports through alternative outlets do not exceed one million barrels per day, which does not meet even a quarter of the actual needs." He explained that "the country has lost two-thirds of its export capacity, which used to exceed three million barrels per day through the Strait of Hormuz, causing a devastating blow to imports."
He clarified that "the Central Bank's assurances of securing salaries for only six months mean the beginning of a dangerous depletion of the cash reserves," noting that "continuing on this path will place the Iraqi economy before an unprecedented existential crisis."
Al-Waeli added that "the new parliamentarians' intentions to open appointment and contract files at this time will transform the entire budget into a consumer salary budget and increase the severity of the crisis," describing the situation as "a result of the chaos and poor administrative planning that plagues the financial sector." LINK
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Tishwash: An economist told Nina: Central Bank transfers will last five months to resolve the financial crisis.
5/11/2026 Baghdad /
Economic expert Safwan Qusay confirmed: “The Ministry of Finance can fulfill the payment of operational dues in coordination with the Central Bank, by issuing and debiting transfers,” while he pointed out: “These transfers are valid until the end of October, and after that the government may resort to evaluating the Iraqi dinar.”
Qusay told the Iraqi National News Agency ( NINA ): "Despite the decline in Iraq's oil revenues to below one billion dollars per month in March and April, the Ministry of Finance can still meet its operational expenses by coordinating with the Central Bank through issuing and debiting transfers."
He pointed out that "the Central Bank has financial flexibility of 20 to 30 billion dollars, which it can use to meet the Ministry of Finance's obligations until the Ministry of Oil succeeds in expanding exports through other outlets, particularly (Banias, Aqaba, and Ceyhan), whether via the Kirkuk-Ceyhan pipeline or the national pipeline using tankers, and expanding tanker transport to reduce the Ministry of Finance's reliance on the Central Bank's reserves."
The economic expert emphasized that "this can help the Ministry of Finance until the end of October. After that, we may witness government instability and the Central Bank resorting to revaluing the Iraqi dinar, thus losing control over financial and economic stability." LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 We need security and stability...We need Iranian influence in the media, government, banking to be removed from Iraq. We need the auctions to stop. We need the thievery to stop. We need to go digital with contracts. All of this is happening right before our eyes, all for the purpose of protecting the new exchange rate.
Thom Question: "Do think the new Prime Minister will be able to successfully implement a new government without the influence of the militias...?" Thom: I do, yeah. I think al-Zaidi has a real shot to do what others could not do. And with what al-Sadr was calling for late last week, I am very confident. But that doesn't guarantee success. And if they don't, they gotta deal with Daddy Trump's refusal to help them any further.
Stephen The country of Iraq has literally been used as a money smuggling country all these years...and here we have the Trump administration that is being so proactive, aggressive, in their rebuke and their removal of all of this Iranian influence in the country of Iraq. Why is that important for the Iraqi dinar? Because...all of these [corrupt] people had to be removed before any substantial amount of value was given to the Iraqi dinar. We're seeing that happen right before our very eyes. This is very very exciting.
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Iraqi Dinar News: Iraq's New PM Just Revealed His Net Worth—Does This Mean Currency Adjustment?
Edu Matrix: 5-12-2026
Iraqi Dinar News: We researched the net worth of Iraq's new prime minister. Does this mean Iraq is looking at economic changes?