Iraq Economic News and Points To Ponder Monday Morning 10-12-26
The Government Is Moving Towards Adopting The Dinar Exclusively For Domestic Transactions And Tightening Control Over Markets.
Baghdad - One News The Prime Minister’s advisor, Mazhar Muhammad Salih, revealed a government plan to adopt the Iraqi dinar in financial and commercial transactions within the country, with the aim of strengthening confidence in the national currency and regulating transactions in the markets.
Saleh stressed the importance of tightening control measures to combat rising prices, monopolies, and speculation, while simultaneously supporting local production, facilitating trade, and ensuring the smooth flow of goods to markets. He emphasized the need to hold violators accountable and protect the purchasing power of citizens, especially those with limited incomes, in light of the economic pressures the country is experiencing. https://1news-iq.net/الحكومة-تتجه-لاعتماد-الدينار-حصراً-في/
1 News - وان نيوز @onenewsiq Translated from Arabic
The government is heading towards adopting the dinar exclusively in domestic transactions and tightening oversight on the markets #وان_نيوز #المنصة_الإخبارية_الأولى_في_العراق
Rate this translation: https://x.com/onenewsiq/status/2109192159626973275/video/1
·1,404 Views video translation: Prime Minister’s Advisor Mazhar Muhammad Salih revealed a government move to adopt the Iraqi dinar for financial and commercial transactions within the country.
This initiative aims to boost confidence in the national currency and regulate market transactions.
Salih emphasized the importance of renewing regulatory measures to combat rising prices, monopolies, and speculation, while simultaneously supporting local production and facilitating the flow of trade. He also highlighted the need to ensure the smooth delivery of goods to markets. https://x.com/onenewsiq/status/2109192159626973275
The Central Bank Of Iraq (Opposing Government Measures) Is Using Its Security Tools To Control The Market And Exchange Rates By Force!
* As the Central Bank sent an official letter to the leadership of the Iraqi Armed Forces, reminding them that the Central Bank is the sole entity legally authorized to monitor and oversee the operations of banks and exchange companies, and that other security entities should not undertake this role!
* This stance from the Central Bank reveals the nature of fragmentation, conflicting interests, and overlapping jurisdictions among the state's sovereign institutions, where each entity seeks to impose its will, whether in accordance with the law or against it!
* And this also confirms that the government and the Central Bank focused solely on agreeing to change the exchange rate, without previously investigating or agreeing on a unified method for managing the repercussions of changing the exchange rate, and defining the responsible parties and the tasks assigned to each for managing the post-exchange rate change phase!
* We do not know whether the Iraqi security leadership will respond to the Central Bank's directives, or whether it will completely disregard them and continue using its heavy-handed tools in an attempt to curb price increases in the markets?!
* For the Commander-in-Chief of the Armed Forces announced to the people that he alone bears responsibility for changing the exchange rate and its repercussions, and it is unlikely that he will leave the management of this file to the Central Bank alone!
* And even if Iraq's various authorities agree on a unified method for managing, directing, and monitoring the market, the market will have already taken its course and re-priced goods, products, and services according to the new value of the dinar!
https://x.com/ziadalhashimi/status/2109226065008677315
Iraq May Turn To The IMF As Oil Revenues Decline
economy sharing Clock Network Published on: October 7, 2026 | An economist at Standard Chartered Bank suggested on Wednesday that Iraq might turn to the International Monetary Fund if oil revenues continue to decline and the devaluation of the dinar fails to achieve the desired results in supporting public finances.
Carla Slim, quoted by Bloomberg, said that "any potential program with the IMF could include structural reforms, particularly with regard to the public sector wage bill, with the aim of enhancing the sustainability of public finances."
She added that "Iraq's foreign reserves could fall to about $60 billion by the end of the year, compared to about $100 billion at the beginning of it, if they continue to be depleted at the current rates."
Salim noted that "making a new adjustment to the dinar exchange rate in the coming months remains an option, depending on developments in oil revenues and the level of foreign reserves."
According to the latest rankings based on data from the International Monetary Fund, Iraq's foreign currency reserves amount to about $85 billion, placing it 28th globally and third in the Arab world.
Standard Chartered Bank is a British multinational banking group, and one of the oldest and largest global financial institutions. https://alssaa.com/post/show/63794-العراق-قد-يلجأ-إلى-صندوق-النقد-مع-تراجع-الإيرادات-
Press report: Iraq is implementing the largest Oil Pipeline Project In The Region
latest news Sunday, October 11, 2026 Baghdad - One News - A report by Pipeline & Caze magazine revealed that Iraq has the largest oil pipeline project under construction, the Basra-Haditha pipeline, which is 216 kilometers long and has a capacity of 2.5 million barrels per day.
Its implementation began on May 1, 2026, with the aim of having it operational in 2028.
The plans include the Haditha-Fishkhabur pipeline, 373 kilometers long and with a capacity of 2 million barrels per day by 2031, and the Haditha-Aqaba pipeline, 720 kilometers long and with a capacity of 1 million barrels per day by 2028.
Kurdistan's exports also resumed in late 2025, between 180,000 and 208,000 barrels per day, amid financial and political challenges that threaten the sustainability of flows and the implementation of extensions. https://1news-iq.net/تقرير-صحفي-العراق-ينفذ-أكبر-مشروع-لأنا/
Al-Hakim: The Government Adjusted The Exchange Rate To Counter Speculators
Iraqi News Agency Saturday, 10/10/2026 * 20:17 Baghdad - INA - 10/10/2026 Al-Hakim: The government adjusted the exchange rate in order to counter speculators..! That is sufficient justification.
Al-Zaydi From Karbala: My Words Are Like A Bullet; Once Fired, They Don't Come Back... A Pledge To All Iraqis
2026-10-10 | 21:00 Karbala - 964Media Prime Minister Ali al-Zaidi affirmed on Saturday (October 10, 2026) that his promise would not be like a piece of paper, but rather like a bullet that, once released, cannot be retrieved. He explained that launching the million-piece project was a dream for many Iraqis who possess nothing but citizenship and a passport, if they have one, promising to distribute residential land to all Iraqis who do not own a home.
Al-Zaydi stated in a speech during the laying of the foundation stone for the “Homeland” initiative in Karbala, which was followed by the 964 network , “Today we did not come to hammer a stone, but to establish the right, a right that the citizen has been waiting for for years and decades and has been dreaming of.”
He added: “In this land of goodness and blessings, a large part of the citizens of this country dream of owning a piece of land. They only have citizenship and a passport, if they even have a passport. We came to Karbala to launch the project because it is the city of reform, as history has taught us.”
He continued: “The project includes one million plots, and we will then head to Najaf and Mosul, and from there to other governorates in the coming days.
Today we came to lay the foundation stone and establish the right, and in the coming period we will distribute the bonds. I promised, and your son’s promise is not just a piece of paper.
My promise to you is like a bond, and our words will be like a bullet; once it is fired, it will not return.”
He pointed out, “We made a promise and we will fulfill our promise. I do not want the door of an Iraqi’s house to be not his own, or for him not to be able to hammer a nail into the wall of the house he lives in, or for him to live at the beginning of each month in a forest of anxiety and fears, because he does not have the rent money.
We have taken this matter upon ourselves, and during my term I will not leave a family without a piece of land, and these lands will be more serviced than the currently inhabited areas, and they will be equipped with all services such as water and electricity, and we will distribute to each family the title deed to their land and help them build on the land.”
He explained: “This is our people and we will not abandon them. This initiative did not cost the budget a single dinar. We are not selling the dream, but rather building it.
This land will be transformed into houses and bonds. We start from Karbala, and Najaf bears witness. Goodness is coming to all Iraqi governorates.” https://964media.com/724384/