TNT:
Tishwash: Al-Fariji: The revenue generated from the change in the exchange rate does not represent a profit.
Crisis expert Ali Al-Fariji confirmed that the revenue generated from the increase in the dollar exchange rate against the dinar does not represent a net gain added to the state treasury.
Al-Fariji told Al-Maalouma that "raising the exchange rate of the dollar against the Iraqi dinar in the local markets may provide quick liquidity, but it does not represent a financial reform in itself."
He added that "real reform lies in building a multi-source revenue system, recovering funds and assets, reducing waste, and transforming the economy from dependence on oil and dollar pricing to financial management that measures results and creates real and sustainable revenues for the state."
He explained that "the 19.2 trillion dinars expected to be generated from the dollar's revaluation should be viewed as an approximate total book revenue, not a net gain added to the state treasury, because part of its impact may rebound on the state itself in the form of increased spending and import costs. link
Tishwash: Securities Authority: We have not granted any licenses to conduct foreign exchange trading activities throughout Iraq.
The Iraqi Securities Commission warned in a statement received by Iraq Observer on Thursday against dealing with entities and companies that promote or practice foreign exchange (Forex) trading activities, stressing that it has not granted any licenses to practice these activities throughout Iraq.
The authority urged citizens to avoid dealing with unlicensed entities, in order to protect their rights and money link
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Tishwash: World Bank: We are discussing with the Iraqi government granting it a loan program for "financial rescue".
The World Bank announced today (Thursday, October 29, 2026) that it held a series of meetings with the Iraqi government to explore "opportunities to provide financial loans to Baghdad in order to develop a financial rescue program for the Iraqi economy."
The bank, according to its spokeswoman Julia Kozak and translated by "Baghdad Today," said that the Iraqi economy is expected to shrink by 16% this year as a result of the economic difficulties resulting from the closure of the Strait of Hormuz.
She continued, "Iraq was already suffering from financial hardship before the outbreak of the conflict in the Middle East and the closure of the strait, which caused significant economic repercussions, especially since Iraq now relies on a very narrow space to export its oil," as she described it.
Kozak stressed that the World Bank is now looking into "the priorities of the Iraqi government and how it wishes to address economic difficulties and areas of weakness, and then move around how we can support it through a financial rescue lending program."
It is noted that the Iraqi budget for the coming year 2027 suffers from a financial deficit estimated at about 40 to 50 trillion Iraqi dinars link
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Tishwash: International Monetary Fund: We are preparing to lend to Iraq
The International Monetary Fund announced on Thursday that it is preparing a new lending program for Iraq, whose economy has been severely damaged by the repercussions of the war with Iran, after beginning talks with authorities in Baghdad.
“Our plan now is to engage with the authorities to better understand their priorities, how to address their vulnerabilities, and then move forward to determine the best ways we can support them through a financing program,” said IMF spokeswoman Julie Kozak during a press conference in Washington.
Kozak noted that Iraq was already suffering from severe financial constraints before the outbreak of the war, adding that the limited non-oil revenue base is putting pressure on the state's finances.
The Managing Director of the International Monetary Fund, Kristalina Georgieva, revealed during the Fund’s annual meetings in Bangkok earlier this month that Iraq had requested a new support program.
During those meetings, Georgieva praised the resilience of global economic growth despite the wars in Iran and Ukraine, but warned that the effects of conflicts vary greatly, with the most fragile economies suffering severe damage.
Since the outbreak of war in the Middle East on February 28, 2016, with US and Israeli strikes on Iran, Tehran has almost completely restricted maritime traffic through the Strait of Hormuz, insisting that ships must pass through it via a designated route and sometimes targeting those attempting to pass without its coordination. In response, Washington has imposed a blockade on Iranian ports.
The Iraqi economy is heavily dependent on energy exports, most of which pass through this strait.
Iraq was facing severe financial pressures even before the outbreak of war, and the International Monetary Fund predicted this month that its economy would shrink by 16% this year.
Iraq’s last program with the International Monetary Fund ended in 2019, and it entails interest payments to the international institution amounting to about $428 million until 2030 link
Tishwash: With a signal from the US, Al-Halbousi postpones including the Popular Mobilization Forces law on the parliament's agenda.
A responsible source in Anbar province revealed on Thursday that Speaker of Parliament Haibat al-Halbousi refused to include the Popular Mobilization Forces (PMF) law on the parliamentary session agenda,reportedly on orders from the US Embassy.
The source told Al-Maalomah News Agency, "Speaker of Parliament Haibat al-Halbousi refused to include the PMF law on the parliamentary session agenda, citing a lack of political consensus on passing the law, despite the fact that most members of parliament, with the exception of representatives from some Sunni and Kurdish political alliances, oppose its passage.
These opponents constitute only a small number that would not affect the law's passage through parliamentary consensus."
The source added, "Several political alliances informed al-Halbousi of the necessity of including the PMF law, regardless of those objecting to it, and proceeding to a majority vote to pass the law in its final form."
The source further stated, "The US Embassy in Baghdad informed al-Halbousi and several leaders of political alliances of the need to obstruct the passage of the PMF law and requested the Prime Minister's office to withdraw the law and return it to the government to prevent a vote on its articles. link
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Tishwash: The US Treasury gives international companies one month to end their dealings with the Development Bank.
The US Treasury Department announced today (Thursday, October 29, 2026) that it is giving international companies that still have dealings with the Development Bank of Iraq one month to end their dealings completely or face sanctions.
The Treasury said, according to a statement translated by "Baghdad Today," that it has decided to give international companies and international financial institutions until December 1st to end their outstanding dealings with the bank, which it said it had imposed economic sanctions on as part of the economic war on Iran.
The US warning also included informing companies of the need to end cooperation "with any financial or banking entity or company in which the bank owns a stake exceeding 50%, whether directly or indirectly," stressing the need to end all transactions before the specified date.
It is noted that the US Treasury imposed sanctions on the Development Bank of Iraq at the beginning of this month, announcing that the bank is accused of providing financial facilities to Iran that include trading in US dollars link