Iraq Economic News and Points To Ponder Friday Morning 9-25-26
How Did Swift Become A Bargaining Chip In Washington's Hands?
Information/Baghdad... Expert and strategic analyst Qasim Qasir confirmed on Thursday that the US administration continues its policy of economic blackmail and systematic financial piracy against countries and peoples who reject its policies of hegemony and arrogance. He pointed out that Washington has transformed the global financial system, the SWIFT system, and the dollar into tools of war and pressure to punish anyone who opposes its dictates and dubious agendas.
Qasir told Al-Maalouma, “The United States is exploiting its influence and historical control over monetary institutions and international banking systems to impose an unjust and coercive blockade outside the framework of international law and Security Council resolutions.”
He explained that "the use of the US dollar as a tool of political and economic punishment reflects the bankruptcy of the Western system and its decline to impose its conditions through traditional means ability."
He added that "the arbitrary decisions recently taken by Washington to impose a no-fly zone on Iranian civilian aircraft and attempt to force countries in the region to comply with it represent a blatant and flagrant violation of international laws and conventions, particularly the Chicago Convention regulating the safety and freedom of civil aviation."
He stressed that "targeting civilian and humanitarian flights is a dangerous precedent that exposes the falsity of American slogans regarding human rights, freedom of trade, and freedom of movement."
The strategic expert pointed out that "the American escalation in militarizing the economy and politicalizing international financial transactions has become a primary incentive for countries in the region and the axis of resistance to expedite the dismantling of the dollar's dominance and to build banking alliances and trade exchanges in local currencies to liberate themselves from the unjust restrictions and blackmail that threaten the stability and regions of free nations."
Earlier, Fadi Abu Dayyeh, a specialist in international affairs and regional politics, affirmed that the American aggression targeting a number of Iranian cities and provinces constitutes a flagrant violation of the state's autonomy and territorial integrity, holding Washington fully responsible for breaching the agreements signed between the two sides. End/25z
"Kurdistan's Share Before The Budget Is Approved"... Baghdad And Erbil Open Early Negotiations For 2027 To Secure The Region's Entitlements In The Draft Law
Baghdad - One News - 9/24/2026 Technical talks have begun in Baghdad between a delegation from the Ministry of Finance and Economy of the Kurdistan Regional Government and officials from the Federal Ministry of Finance, to discuss the draft of the Federal General Budget Law for 2027.
he discussions focus on determining the Kurdistan Region’s share and clearly establishing its financial entitlements within the draft budget, before officially submitting it to the Council of Ministers and then referring it to the House of Representatives for ratification.
The technical delegation of the Kurdistan Regional Government had arrived in Baghdad to begin coordination meetings. It includes the directors of the Budget and Accounting Departments and an advisor to the Ministry of Finance, along with a number of experts and specialists in financial and budget matters.
The meetings will discuss Erbil's observations and demands regarding the region's share and financial entitlements, in an early move to finalize the financial details and include them in the 2027 draft budget before it moves to the stages of government approval and parliamentary legislation. https://1news-iq.net/حصة-كوردستان-قبل-إقرار-الموازنة-بغد/
America Hands Over To Iraq Its “Diplomatic Support” Site At Baghdad International Airport
latest news Friday, September 25, 2026 Baghdad - One News - The Iraqi Ministry of Foreign Affairs announced the signing of an agreement to hand over the diplomatic support site at Baghdad International Airport with the United States, as part of the Iraqi government’s efforts to complete the procedures related to ending the mission of the international coalition and the foreign military presence in Iraq, according to the timetable set for the thirtieth of September.
The Undersecretary for Bilateral Relations stressed the importance of this step in strengthening Iraqi-American relations and moving them to a new stage of cooperation and partnership in a number of areas of common interest, especially the economic, development, energy and other sectors.
Meanwhile, the American Chargé d'Affaires, Steven Fagin, expressed his country’s government’s support for the Iraqi government’s efforts to develop relations between Baghdad and Washington, based on the agreements and understandings concluded between the two countries, in a way that respects their sovereignty and opens new horizons for joint cooperation during the next stage. https://1news-iq.net/أميركا-تسلم-العراق-موقع-الدعم-الدبلوم/
Diplomatic Official: Al-Zaidi And Trump Meeting Made Disarming The Factions A "Priority"
Baghdad - One News - 9/24/2026 A diplomatic official confirmed that the meeting between Prime Minister Ali Faleh al-Zaidi and US President Donald Trump reflected the importance of the next phase in relations between Baghdad and Washington, given the existence of security and economic issues that require clear understandings between the two sides.
The official said that the United States places the issue of armed groups and the state's monopoly on weapons among its priorities in the relationship with Iraq, while Baghdad seeks not to reduce its relationship with Washington to the security aspect, and to work on expanding it to include energy, investment and development.
He added that the high-level presence of American officials alongside Trump during the meeting reflects the importance of the issues raised for discussion, foremost among them the future of cooperation between the two countries and the arms issue.
https://1news-iq.net/مسؤول-دبلوماسي-لقاء-الزيدي-وترامب-جعل
The Central Bank Of Iraq Mandates New Procedures For Import Transfers From Banks.
Last updated: September 24, 2026 Al-Mustaqilla - Al-Mustaqilla obtained a document issued by the Central Bank of Iraq, which includes a new executive mechanism to regulate foreign financial transfers for import purposes, and link them to customs declaration procedures and the prior payment of fees and tax deposits.
According to the document, issued by the Banking Supervision Department on September 24, 2026 and addressed to all licensed banks, the procedures come in implementation of paragraph four of Cabinet Resolution No. 413 of 2026, and with reference to the letter from the Ministry of Finance/General Authority of Customs.
The mechanism requires banks to ensure that all financial transfers allocated for imports are subject, before the transfer process is completed, to declaration or "pre-statement" and the pre-payment of customs duties and tax deposits through the ASYCUDA system.
The Central Bank also mandated that banks continue to include the pre-statement number in the data of external financial transfers, and link it electronically to the banking transfer system, in order to allow for matching the transfer with the pre-statement and accurately monitoring the import process.
The document reveals that the pre-clearance procedures will include all external transfers, whether financed from the banks’ own balances or from the balances reinforced by the Central Bank of Iraq, while the Central Bank is responsible for providing the General Authority of Customs with data on those transfers.
The instructions also included standardizing the coding of foreign transfers, which allows differentiation between transfers for importing goods and merchandise and transfers for shipping, insurance and services related to imported goods.
Under the mechanism, banks will follow up on financial transfers related to goods to be imported, as well as deal in accordance with applicable decisions and instructions with mporters whose goods have not entered or whose import process has not been completed.
One of the important measures included in the document is obligating banks to obtain SWIFT verification of transfers before the initial approval of the preliminary statement, which enhances the matching process between the financial transfer and the import transaction.
The mechanism also stipulated the adoption of an electronic system for refunding customs duties and tax deposits previously collected in the event of a transfer being rejected or the import not being carried out in whole or in part, in coordination between the General Authority of Customs, the General Authority of Taxes and the Accounting Department in the Ministry of Finance.
However, the document stipulated that in cases of total or partial non-import, the funds that were transferred must be returned first, and confirmation must be provided from the bank that executed the financial transfer.
The Central Bank called on the Ministry of Finance, the General Authority of Customs, the General Authority of Taxes, and all banks to organize an explanatory media campaign before the date of implementation of the new procedures.
These instructions refer to tightening the linking of funds allocated for imports with customs and tax data, with the aim of raising the level of conformity and tracking between external transfer and the actual import of goods.
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https://mustaqila.com/البنك-المركزي-العراقي-يُلزم-المصارف-ب/