Iraq Economic News and Points To Ponder Tuesday Evening 7-21-26
Sudani Referred 38,000 Reports To The Integrity Commission And Five Ministers To The Judiciary. The Ministry Of Reconstruction And Development Stated That Al-Zidi Possesses A Broader Political Mandate For Dismissal And Accountability
latest newsTuesday,July 21, 2026Baghdad - One News - 7/21/2026 The Reconstruction and Development Coalition highlighted what it described as the difference in the political environment in which the previous and current governments operated, considering that the executive authority’s ability to proceed with anti-corruption files is not only related to legal procedures, but also to the extent of the political cover available for making decisions on dismissal and accountability.
Coalition spokesman Firas al-Muslawi said that former Prime Minister Mohammed Shia al-Sudani referred about 38,000 reports to the Integrity Commission, and also referred five ministers from his government to the judiciary, as part of measures aimed at pursuing corruption cases and subjecting them to the judicial process.
Al-Muslawi believed that these measures were implemented under a complex political equation that, as he described it, prevented the Sudanese government from having sufficient political cover to make decisions to dismiss ministers or expand the scope of accountability within the ministerial formation, despite proceeding to refer a number of files to regulatory and judicial authorities.
In contrast, he argued that Prime Minister Ali al-Zaidi’s government operates in different political circumstances, explaining that it enjoys a mandate and political support that give it more room to make direct executive decisions, including dismissing ministers or referring them to the judiciary whenever legal justifications are available.
He pointed out that this political cover gives the current government greater ability to turn the anti-corruption slogan into executive measures, away from the constraints that political balances imposed on previous governments, thus allowing it to proceed with holding officials accountable, regardless of their positions, in accordance with legal and constitutional frameworks.
Al-Muslawi's statements come at a time when the current government is continuing its anti-corruption campaign, which has included opening investigation files, referring officials to the judiciary, and taking measures that the government says aim to establish the principle of no impunity and enhance public confidence in state institutions.
https://1news-iq.net/السوداني-أحال-38-ألف-بلاغ-إلى-النزاهة-و5-و/
Al-Moussawi: The 2027 Budget Will Take Into Account Reducing The Deficit And Maximizing Revenues.
Today 13:35 1 Share The Information Agency / Baghdad...MP Ahmed al-Moussawi revealed today, Tuesday, the fate of the 2026 budget, confirming that the Parliament will vote on the schedules for the remainder of the current year, while the 2027 budget will be voted on at the beginning of next year.
Al-Moussawi told the Information Agency, “The current fiscal year is nearing its end, and therefore the Parliament will vote on the schedules for the remaining period of the 2026 budget.”
He added, "The 2027 budget will be voted on at the beginning of next year in accordance with the financial and economic requirements of the next phase."
He pointed out that "the government and the Finance Committee will focus, during the preparation of the 2027 budget, on maximizing non-oil revenues and reducing the size of the budget deficit in light of the economic conditions the country is experiencing and the tensions in the Middle East region that are affecting the economic and financial situation." End/25
Parliamentary Finance Committee: The Value Of The Dollar Will Decrease Further.
Economy | 20/07/2026 Mawazin News - Economy The Parliamentary Finance Committee confirmed on Monday that the value of the dollar will decrease further.
Committee Chairman Uday Awad stated in a statement reported by Mawazin News that "lifting sanctions on a number of banks will affect the dollar's price, its flow, and the parallel market," explaining that "this measure will benefit the Iraqi market."
He added that "this will reduce the dollar's value," noting that "we will host the Central Bank Governor in the committee to clarify the vision and mechanisms he will adopt regarding this matter."
He mentioned that "banks will resume dealing in dollars."
Regarding the budget, Awad indicated that "the government has begun preparing the 2027 budget, which will reach Parliament in October," pointing out that "the budget will be approved before the end of the year." https://mawazin.net/Details.aspx?jimare=286585
The Parliamentary Finance Committee Intends To Host The Governor Of The Central Bank.
The Finance Committee in the House of Representatives revealed on Tuesday its intention to host the Governor of the Central Bank of Iraq to discuss the most prominent issues related to monetary policy and financial stability, as part of its oversight efforts to monitor the performance of financial institutions.
The head of the parliamentary finance committee, Uday Awad, told the official newspaper, as reported by Al-Sa’a Network, that “the committee has sent an official invitation to the governor of the Central Bank to attend a specialized hosting session to discuss the most prominent issues related to monetary policy and financial stability.”
He explained that "the hosting session will address the Central Bank's directions regarding monetary policy during the coming years in light of geopolitical and economic changes, in addition to discussing the reality of developing the banking sector and the stages of implementing international agreements, especially the (Oliver Wyman) project, and its implications for supporting monetary and financial stability and the national economy."
Awad added that "the committee will also examine the Central Bank's final accounts for the fiscal year ending December 31, 2025, and assess their contribution to achieving financial and economic sustainability and strengthening the country's monetary reserves."
He stressed that "the Finance Committee is proceeding with activating its oversight role by hosting executive officials and monitoring the performance of economic and financial institutions, which contributes to strengthening coordination between the legislative and executive authorities, supporting financial stability and protecting the national economy."
https://alssaa.com/post/show/56840-المالية-النيابية-تعتزم-استضافة-محافظ-البنك-المركزي
Central Bank Of Iraq Outlines Roadmap To Reduce Cash Reliance And Expand Digital Services
Mohammed Jangadost The Central Bank of Iraq (CBI) held an expanded meeting on Tuesday with licensed electronic payment providers to accelerate the nation’s digital financial transformation, strengthen financial inclusion, and curb card misuse.
Chaired by CBI Governor Nizar Nasser Hussein, the meeting centered on executing the regulator’s strategic roadmap to modernize Iraq’s payment ecosystem and transition away from a cash-heavy economy.
Addressing representatives from the sector, Al-Alaq stated that the upcoming phase demands a noticeable increase in service quality, efficiency, and system reliability to build public trust in digital transactions.
Key Objectives and Strategic Focus
During the session, the central bank outlined several operational and regulatory priorities:
Compliance with Global Standards: The CBI urged payment firms to adhere strictly to international frameworks, particularly regarding cross-border financial transactions. Compliance is expected to enable higher card transaction limits and facilitate the rollout of new financial products.
Countering Card Misuse: Regulators and payment companies discussed joint enforcement procedures to prevent card misuse and enhance payment network security.
Expanding Acceptance Networks: Al-Alaq called on providers to expand POS (Point-of-Sale) acceptance networks, streamline digital collection processes, and deepen integration with licensed commercial banks.
The initiative comes as part of broader government efforts to modernize the national economy, reduce cash dependency, and implement modern financial infrastructure across both the public and private sectors. https://channel8.com/english/news/61771