The Dollar Records A New Decline Against The Iraqi Dinar In The Local Markets

Last Updated: July 1, 2026   The exchange rates of the US dollar, on Wednesday, a new decline against the Iraqi dinar in the local markets, amid slight changes in the movement of supply and demand within the market.

According to market data, the selling price of the dollar recorded 155,500 dinars per 100 dollars, while the purchase price reached 154,500 dinars per 100 dollars, in an indication of the continued volatility in exchange rates during the recent period.

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SEC Launches ‘Project Crypto’ to Bring Traditional Finance On-Chain

The U.S. Securities and Exchange Commission has unveiled Project Crypto, a sweeping initiative designed to modernize securities regulations for blockchain-based financial markets. The proposal aims to create clearer rules for tokenized assets, digital securities, and cryptocurrency markets while supporting innovation under a regulated framework.

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IMF Says Tokenization Could Transform Settlement and Financial Stability

The International Monetary Fund (IMF) says tokenization could fundamentally reshape global financial markets by enabling near-instant settlement, improving efficiency, and modernizing financial infrastructure. While the IMF sees enormous potential, it also warns that common standards and coordinated regulation will be essential to prevent new systemic risks as tokenized finance expands.

The New York Times: The US Administration Has Resumed The Transfer Of Oil Revenues To Iraq

Economy News _ Baghdad   The New York Times revealed that the White House administration has resumed sending Iraqi oil revenues to Baghdad, against the backdrop of Prime Minister Ali al-Zaidi’s campaign against those involved in financial corruption cases.  The newspaper quoted the spokesman for the Iraqi government, Haider al-Aboudi, as saying: "The shipments of the dollar to Iraq have resumed, and the problem has been solved."

The financial adviser to the prime minister, Mazhar Mohammed Saleh, also confirmed the resumption of transfers.

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Ripple Proposes XRP Ledger Lending Protocol to Bring Institutional Credit On-Chain

Ripple has unveiled a proposed native lending protocol for the XRP Ledger (XRPL) that would allow banks, payment providers, and financial institutions to borrow against tokenized assets without selling them. If approved by XRPL validators, the protocol could expand institutional use of blockchain technology by bringing traditional lending and credit infrastructure onto the XRP Ledger.

Inside Iraq’s Shia-Iran Alignment and the Limits It Sets on U.S. Influence

The U.S. position in Iraq is improving. But Baghdad’s alignment with Tehran continues to complicate the relationship. Commercially, the picture is genuinely positive: ExxonMobil, Chevron, and BP have returned to Iraq on contract terms far more favorable than the agreements that drove Western firms out a decade ago.

Baghdad has actively courted this investment as a hedge against regional instability.

Al-Zaydi's Financial Advisor: Funds Recovered From Corruption Will Support The Budget And Reduce The Need For Borrowing

Baghdad - One News - 7/01/2026   The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, confirmed that recovering funds related to corruption cases will affect the general budget through two paths: first, strengthening public finances with cash revenues recorded under the category of other revenues, and second, stopping the bleeding of corruption and reducing the cost of public expenditures.

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Trump Signals Progress in U.S.-Iran Talks as Markets Rally on Peace Hopes

President Donald Trump said negotiations between the United States and Iran are making "very good" progress, fueling optimism that the temporary ceasefire could be extended and a broader peace agreement reached. Financial markets reacted quickly as oil prices fell, cryptocurrencies advanced, and traders increased expectations that diplomatic efforts will continue.

US Oil Imports From Iraq Drop To 4M In April

2026-07-01 08:30   Shafaq News- Washington   US imports of Iraqi crude oil and petroleum products fell sharply in April 2026, dropping to 4.029M barrels from 7.943M barrels in March, according to the US Energy Information Administration (EIA).

Total US oil imports from OPEC member states also declined in April, reaching 37.107M barrels compared to 45.466M barrels the previous month.