Advisor To Prime Minister Saleh Mahoud: Iraq Succeeds In Securing The First International Funding With A Sovereign Guarantee To Support The Private Sector

Money and business    Economy News – Baghdad   Dr. Saleh Mahoud Salman, Advisor to the Prime Minister, announced the completion of the first international funding process for a project belonging to the Iraqi private sector with an Iraqi sovereign guarantee, in cooperation with the German Foundation AKA Ausfuhrkredit-Gesellschaft mbH, and in partnership with the German Commerzbank, in an important step within the government's efforts to support economic reform and enhance the confidence of international financial institutions in the Iraqi economy.

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ECB Unveils Three-Pillar Digital Euro Roadmap, First Issuance Possible by 2029

The European Central Bank (ECB) has outlined a comprehensive three-pillar strategy to modernize Europe's financial system through a digital euro, tokenized settlement infrastructure, and faster cross-border payments. If approved, the initiative could pave the way for the first issuance of a digital euro by 2029, marking one of the world's most significant central bank digital currency (CBDC) projects.

The Dollar Records A New Decline Against The Iraqi Dinar In The Local Markets

Last Updated: July 1, 2026   The exchange rates of the US dollar, on Wednesday, a new decline against the Iraqi dinar in the local markets, amid slight changes in the movement of supply and demand within the market.

According to market data, the selling price of the dollar recorded 155,500 dinars per 100 dollars, while the purchase price reached 154,500 dinars per 100 dollars, in an indication of the continued volatility in exchange rates during the recent period.

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SEC Launches ‘Project Crypto’ to Bring Traditional Finance On-Chain

The U.S. Securities and Exchange Commission has unveiled Project Crypto, a sweeping initiative designed to modernize securities regulations for blockchain-based financial markets. The proposal aims to create clearer rules for tokenized assets, digital securities, and cryptocurrency markets while supporting innovation under a regulated framework.

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IMF Says Tokenization Could Transform Settlement and Financial Stability

The International Monetary Fund (IMF) says tokenization could fundamentally reshape global financial markets by enabling near-instant settlement, improving efficiency, and modernizing financial infrastructure. While the IMF sees enormous potential, it also warns that common standards and coordinated regulation will be essential to prevent new systemic risks as tokenized finance expands.

The New York Times: The US Administration Has Resumed The Transfer Of Oil Revenues To Iraq

Economy News _ Baghdad   The New York Times revealed that the White House administration has resumed sending Iraqi oil revenues to Baghdad, against the backdrop of Prime Minister Ali al-Zaidi’s campaign against those involved in financial corruption cases.  The newspaper quoted the spokesman for the Iraqi government, Haider al-Aboudi, as saying: "The shipments of the dollar to Iraq have resumed, and the problem has been solved."

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Ripple Proposes XRP Ledger Lending Protocol to Bring Institutional Credit On-Chain

Ripple has unveiled a proposed native lending protocol for the XRP Ledger (XRPL) that would allow banks, payment providers, and financial institutions to borrow against tokenized assets without selling them. If approved by XRPL validators, the protocol could expand institutional use of blockchain technology by bringing traditional lending and credit infrastructure onto the XRP Ledger.

Inside Iraq’s Shia-Iran Alignment and the Limits It Sets on U.S. Influence

The U.S. position in Iraq is improving. But Baghdad’s alignment with Tehran continues to complicate the relationship. Commercially, the picture is genuinely positive: ExxonMobil, Chevron, and BP have returned to Iraq on contract terms far more favorable than the agreements that drove Western firms out a decade ago.

Baghdad has actively courted this investment as a hedge against regional instability.

Al-Zaydi's Financial Advisor: Funds Recovered From Corruption Will Support The Budget And Reduce The Need For Borrowing

Baghdad - One News - 7/01/2026   The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, confirmed that recovering funds related to corruption cases will affect the general budget through two paths: first, strengthening public finances with cash revenues recorded under the category of other revenues, and second, stopping the bleeding of corruption and reducing the cost of public expenditures.