News, Rumors and Opinions Wednesday 6-10-2026
KTFA:
Clare: A member of parliament warns of the "erosion" of Iraq's cash reserves due to operational expenses.
6/9/2026
Kurdish MP Jamal Kojar warned on Tuesday of the "erosion" of Iraq's cash reserves due to the country's monthly operating expenses.
Kujer told Al-Furat News Agency, “The talk about concerns about the erosion of the cash reserve is due to the existence of facts that confirm the country’s need for at least 8 trillion dinars per month to cover operating expenses.”
He added, "The financial resources are less than this amount, so we will definitely need to borrow, whether internally or externally, and these concerns are realistic under the current circumstances."
The Prime Minister’s financial advisor, Mazhar Muhammad Salih, confirmed in a press statement today that “about 40 million Iraqis depend directly or indirectly on government income,” stressing that any external borrowing should be “smart debt” for productive projects, not for consumption.
He added, "Corruption and kickbacks raise the cost of projects in Iraq by up to 45%."
Ragheed LINK
Clare: Kurdistan Integrity Commission announces a rewards system for whistleblowers reporting corruption cases.
6/9/2026
Integrity Commission in the Kurdistan Region announced on Tuesday the launch of a special project to grant financial rewards to those who report corruption cases and files, as part of its expanded strategy to combat financial and administrative corruption in the region.
The head of the Integrity Commission in the region, Ahmed Anwar, said in a press conference attended by Shafaq News Agency that the commission has begun activating the provisions of the Anti-Corruption Law in the region, which grants it the authority to award rewards to citizens who provide accurate and documented information about corruption cases, where the value of the reward is determined based on the size and importance of the case.
Anwar explained that the mechanism followed includes referring all information received from informants to the competent investigations division of the authority for verification and action, stressing that "the law guarantees full protection of the identity of informants; if a person wishes to keep his name secret, his information is included in a highly confidential system that no party has the right to access."
The head of the authority added that if the person who disclosed the corruption wishes to reveal his identity, his name will be included in the list of those cooperating with the authority publicly.
Regarding corruption indicators, Anwar revealed that the number of corruption cases that were prepared and referred to the judiciary during the past six months in the Kurdistan Region has recorded a significant increase compared to the second half of 2025.
He confirmed that the commission will issue a detailed report at the end of June, which will include an update to the list of cases referred to the judiciary, with the aim of strengthening coordination between the commission’s departments and the competent courts in the region to accelerate the pace of deciding on corruption cases. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 If you have the formation of the government then a lot of things become active, a lot of things are implemented. There's a domino effect that's going to occur. The opening of the budget is going to take us straight to what we want right away, the HCL, because it needs a new exchange rate...The HCL is #1...
Reset Intelligence There is no economic case for the dinar at 1,300. You do not harden a currency at the printing press. You harden it in the vault, and that is where this one is being made strong. $97 billion in reserves. A record 162 tons of gold. The floor is a political decision, not an economic one.
Jeff There's an upcoming US visit. They don't have a date set. It just says official trip to Washington announced...They're not going to give you a date...IMO he's [PM Zaidi] coming here after the rate has changed, after Iraq has stability...
Mnt Goat If you are so concerned about the budget for 2026 because you think the new RV rate is in it then you are WRONG, WRONG and WRONG... The RV rate we want is NOT stated in the budget tables nor will it ever be...The budget is based off of the price of oil per barrel not the rate of the dinar.
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Daniela Cambone: 6-8-2026
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