Ross: Iraq’s Oil is the Dinar’s Revaluation
Ross: Iraq’s Oil is the Dinar’s Revaluation
8-11-2026
Iraq running on a 51 year old oil & gas law is actually crazy and so is IQD being worth $.00076.
It is a no-brainer for Iraq to finally pass the HCL and increase the purchasing power of the dinar.
Inevitable if Iraq is to ever prosper.
Kurdistan 24 English:"WE NEED A MODERN OIL & GAS LAW": Prime Minister Masrour Barzani Highlights outdated 1975 Legislation In an exclusive interview with Al Jazeera, Kurdistan Region Prime Minister Masrour Barzani emphasized the urgent need for Iraq to enact a comprehensive federal Hydrocarbon Law, revealing that current energy sector regulations in Iraq still rely on legislation dating back to 1975.
Japan’s XRP depth + Iraq’s live digitization pressure creates a logical area of overlap that goes beyond traditional oil-and-construction diplomacy.
Japan sits at the institutional end of XRP and regulated stablecoin rails.
Iraq is simultaneously forced by liquidity stress to modernize payments and reduce reliance on physical IQD cash circulation.
A serious Japanese commercial presence that includes fintech, payments infrastructure, or digital identity/onboarding know-how would be additive to the digitization track already underway at the CBI.
The liquidity crises on both sides make the timing less coincidental than it might appear.
The market still prices Iraq as a high-risk single-outlet producer.
Every credible step that changes that perception — especially ones that bring Western capital and alternative Mediterranean access — moves the dial on what a sustainable dinar rate can look like once the political and legal scaffolding is finished.
Iraqi News:Iraq's Ministry of Oil unveiled plans Monday for a major new pipeline network with two export routes toward Faysh Khabur and the Syrian port of Baniyas, aiming to diversify crude exports beyond the southern Gulf terminals.
For the first time, the Iraqi government has begun preparing a program- and performance-based budget.
This is explicitly framed as a roadmap for Iraq’s economic future that links government spending directly to measurable goals and outcomes, rather than the traditional opaque line-item budgeting that has long enabled waste and leakage.
Key points from the statements:
• The shift is designed to improve the efficiency of public funds and create accountability.
• Electricity sector gets “exceptional attention.”
• No red lines on pursuing corruption cases.
• Broader state-building strategy: build a new economic Iraq, corruption-free government institutions, and constitutional security institutions.
• Major global companies are showing strong interest in investing; international financial institutions are ready to support the economy.
• Goal is to create a suitable environment for investment and revitalize economic sectors.
Performance-based budgeting is exactly what the IMF, World Bank, and serious FDI players look for.
External catalysts (HCL progress, banking sector overhaul, regional deals, oil policy) matter enormously, but internal fiscal credibility is what keeps IQD from immediately unraveling after any rate change and what attracts the long-term capital that actually supports a higher rate.
Zoom News: Iraqi PM Ali al-Zaidi hosted the Parliamentary Finance Committee, alongside the finance minister and central bank governor on Monday, to discuss fiscal and economic policies, saying the government has, for the first time, begun preparing a program- and performance-based budget serving as a roadmap for Iraq’s economic future by linking government spending to goals and outcomes - statement Al-Zaidi also says the government is working on a state-building strategy focused on building a new economic Iraq, corruption-free government institutions and constitutional security institutions, while major global companies are showing strong interest in investing in Iraq and international financial institutions are ready to support its economy.
Read full post here: https://dinarchronicles.com/2026/08/11/ross-iraqs-oil-is-the-dinars-revaluation/