Government Advisor: No Change In The Dinar Exchange Rate Against The Dollar

Published on: July 9, 2026 at 12:19 AM Baghdad / Al-Mada  - The financial advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, denied the existence of any plan or program by the Iraqi government to change the exchange rate of the dinar against the dollar, stressing that this matter has not been discussed in any way.

Salih said yesterday, Wednesday, in a press statement, that "the issue of the currency's value has not been discussed in any way," in response to rumors circulating about the possibility of changing the official exchange rate of the dinar against the dollar.

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Fed Minutes Reveal Deep Policy Divide as Middle East Tensions Add New Inflation Risks 

Newly released Federal Reserve meeting minutes show policymakers are increasingly divided over the path of interest rates, while renewed Middle East tensions and rising oil prices add fresh uncertainty to the global economic outlook.

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Trump Ends Iran Ceasefire Framework as Markets Brace for Oil Shock 

Renewed tensions in the Middle East are rippling through global markets after President Donald Trump declared the U.S.-Iran memorandum of understanding "over," sending oil prices higher and increasing concerns about inflation, monetary policy, and global growth.

Oil Prices Pressure Iraq’s Foreign Reserves, Experts Warn

2026-07-07 19:36    Shafaq News- Baghdad   Iraq's foreign currency reserves have fallen 12 percent in two years and remain at risk of further decline if oil prices drop below $60 per barrel, according to experts who spoke to Shafaq News on Tuesday. The reserves stood at $97.8 billion in late April 2026, down from $111.7 billion at the end of 2023, driven by the government's heavy dependence on oil revenues rather than diversified income streams.

Political science professor Najm Abdul Tarish warned that if oil prices remain between $55 and $60 per barrel, while government spending stays elevated, Iraq's foreign reserves could come under pressure.

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Trump Orders Halt to U.S. Trade With Spain at NATO Summit 

Growing tensions over NATO defense spending and Spain's position during the Iran conflict have escalated into a major trade dispute, raising new questions about alliance unity and transatlantic economic relations.