Iraq’s Central Bank Prints Trillions Of Dinars To Cover State Expenditures

Iraq Amr Salem   June 7, 2026  Baghdad (Iraqi News.com) – The Central Bank of Iraq (CBI) issued around 25 trillion dinars to pay governmental expenditures, bringing the total money supply to 125 trillion dinars.  According to media reports, the step took place to counter falling oil income caused by regional interruptions in petroleum shipments.

Iraq’s crude oil exports fell by 3.22 million barrels per day in May 2026, a loss of more than 97 percent, owing to continuous disruptions in marine traffic in the Strait of Hormuz caused by the war against Iran.  The revenues generated from oil exports plummeted to $1.87 billion in April, a drop of roughly $5 billion from pre-war levels.

Here’s Where U.S. Debt May Become Unsustainable With Interest Payments Triggering A Default Crisis That Even Steep Tax Hikes Can’t Fix

Jason Ma  Sat, June 6, 2026    Soaring U.S. debt and projections that put it at astronomical levels in the coming years have set off increasing panic, though the precise level that sparks a crisis is unknown.   But the Penn Wharton Budget Model may have an answer: more than 210% of GDP.

Above that “outer bound” threshold, there’s no feasible tax on labor income that can finance interest payments on U.S. debt at returns acceptable to investors, PWBM warned in a report Thursday.

Government advisor: The 2027 Budget Will Enhance Fiscal Sustainability and Support Economic Reform

Money and Business    Economy News – Baghdad   The Prime Minister’s financial advisor, Mazhar Muhammad Salih, confirmed on Monday that the 2027 budget will enhance financial sustainability and support economic reform, noting that government spending continues in accordance with the Financial Management Law despite the delay in approving the budget.

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Iran-Israel Ceasefire Teeters as Missile Strikes Threaten Return to Regional War

The most serious exchange of direct attacks since April's ceasefire is raising fears of renewed conflict, energy disruptions, and deeper instability across the Middle East.

The Finance Committee Rules Out Approving The 2026 Budget And Confirms: Salary Payments Will Not Be Affected.

Money and Business   Economy News – Baghdad  The parliamentary finance committee explained that approving the 2026 budget is unlikely given the ongoing work to complete the government program and the cabinet, while stressing that the current priority is securing salaries and addressing the economic challenges facing the government.

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Russia Pushes Multipolar Economic Vision as Eurasian Bloc Seeks Greater Financial Independence

Growing efforts to expand regional trade, de-dollarization, and economic integration highlight the accelerating shift toward a more multipolar global financial system.

Who decides how much money is worth?

By Kimberly Amadeo  Updated on April 21, 2022

The value of money is determined by the demand for it, just like the value of goods and services. You can measure the value of money by what people will exchange for it and by how much of it there is.

Learn how the value of money is determined and who decides it.

Government Spokesperson:   Iraq is a Fully Sovereign Country

Iraqi News Agency (INA)  Saturday,   INA - BAGHDAD    6/06/2026   Government spokesperson Haider al-Aboudi affirmed on Friday that Iraq is a fully sovereign country, and its supreme authority is not subject to internal or external dictates.

"The government of PM Ali Faleh al-Zaidi has presented a clear ministerial program, foremost among which is strengthening national sovereignty. Monopolizing weapons in the hands of the state and enforcing the law represent the government's starting point," al-Aboudi said in a televised statement to Al-Iraqiya News, reported by the Iraqi News Agency - INA.

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Stablecoin Battle Escalates as Central Banks Push Back Against Private Digital Money

Growing tensions between central banks and stablecoin issuers are accelerating the global race to define the future monetary system.

Russia And Saudi Arabia Sign 30 Agreements At The St. Petersburg International Economic Forum

Money and Business     Russia and Saudi Arabia continue to strengthen their cooperation in trade, investment and economic sectors, signing 30 agreements today during the St. Petersburg International Economic Forum.

The signing took place during the St. Petersburg International Economic Forum, and was attended by Russian Deputy Prime Minister Alexander Novak and Saudi Energy Minister Prince Abdulaziz bin Salman.