News, Rumors and Opinions Sunday 5-3-2026
KTFA:
Clare: Baghdad receives a new shipment of "cash dollars"... and an expert predicts an improvement in the value of the dinar.
5/2/2026
Iraqi economist Nabil Al-Marsoumi confirmed on Saturday that a new shipment of cash dollars had arrived in Baghdad, as part of what he described as American support related to the next phase and the formation of the government.
Al-Marsoumi said in a Facebook post that "Iraq receives about one billion dollars monthly, distributed in two cash installments," noting that the shipment that arrived yesterday comes within this ongoing financial context.
He added that "the arrival of this dollar liquidity would contribute to improving the exchange rate of the Iraqi dinar during the coming week."
Injecting dollars into the markets enhances monetary stability and limits fluctuations in the exchange rate against the Iraqi dinar, especially with the recent increase in demand for foreign currency.
The United States has been transferring funds in amounts ranging from $400 million to $500 million at a time to Baghdad for many years, and these payments are linked to Iraqi oil sales.
Last April, the United States suspended dollar shipments to Baghdad, due to what American reports at the time described as an escalation of attacks by Iranian-backed militias on American interests. LINK
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Tishwash: An economic expert told Nina: The return of cash dollar shipments will weaken the parallel market.
5/2/2026 Baghdad/
Economic expert Dirgham Muhammad Ali affirmed that the resumption of cash dollar shipments will weaken the parallel market.
In a statement to the Iraqi National News Agency ( NINA ), Muhammad Ali said, "The availability of cash dollars will weaken the parallel market, especially given its release to pilgrims and travelers to countries permitted to receive cash dollars." He explained that "the reassuring policy adopted by the Central Bank maintained market stability during the period of disruption."
He pointed out that "the decline in Iraq's foreign trade with several countries for various reasons has reduced the direct demand for dollars, and the implementation of the ASYCUDA system has curbed currency smuggling, creating a surplus at the Central Bank to fully finance and cover legitimate official imports at the official rate, while ensuring that dollars are not smuggled illegally."
The economic expert called for "adopting the ETHMS global accounting system for monitoring government expenditures and revenues and clearing accounts to increase the efficiency of the financial system in Iraq."
Iraq received a new shipment of dollars yesterday, Friday, as part of US support related to the upcoming phase and the formation of the government.
The United States transfers funds With sums ranging from $400 million to $500 million each time, the US has been sending payments to Baghdad for many years, tied to Iraqi oil sales.
The United States suspended these dollar shipments to Iraq last April, in what it described as a "temporary" measure.
US President Donald Trump announced yesterday, Friday, that he strongly supports Prime Minister-designate Ali al-Zaidi, and that al-Zaidi won with US assistance LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 I am in love with everything I'm seeing. We're talking about the formation of your government to the announcement of your new prime minister. This is wonderful. I also like the speed of what I'm seeing on many things that are related to the monetary reform. I am now curious to see if Alaq is going to stick around or be removed...
JeffNotice how as they're getting close to forming the government they're talking about the banking reforms and a digital transformation? Hmmmm. Along with the '26 budget? Hmmmm. Yeah, because the formation of the government is a lynch pin to all of that including the rate change which is next after the formation...
Militia Man Article: "President Trump personally called Prime Minister designate Zaidi to congratulate him." He extended an official invitation to him once the new government is formed...This is a good indicator coming from the United States, all the way to the top, after weeks of applying pressure to encourage a functioning government. Washington is now shifting towards engagement and support of Iraq. It gives Zaidi early legitimacy and helps reduce short-term external friction during the transition. I think he's got a lot.
Trump’s Cryptic Message on Iraq’s New PM
Dinar For Dummies: 5-2-2026
In his remarks, President Trump expressed strong support for the new Iraqi leader, notably highlighting that the United States played a significant role in facilitating his rise to the position.
For those following the Iraqi dinar, there is a distinct sense of optimism surrounding these developments. The new Prime Minister has already begun actively engaging with Iraqi financial institutions, a move that many interpret as a clear signal toward long-awaited economic reform. This proactive leadership is seen as a positive indicator for the nation’s financial stability and growth potential.