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Iraqi Dinar Guru opinions 10-10-2026

Iraqi Dinar Guru opinions 10-10-2026

10-10-2026 Newshound Guru Jeff Iraq devalued their currency…Does the fact that the rate has already changed matter? IMO no…Iraq can adjust its exchange rate while the budget is still being…drafted but not approved… What we care about is Tuesday 15th, that’s when they stated multiple times the budget would go to parliament for approval…We’re looking for parliament to boycott the budget and not approve it. That’s exactly what you want. As long as the budget remains unapproved that leaves the door open…Iraq is still eligible to change the rate again and go international. Read more…

Transport is moving towards an agreement with Türkiye to finance the development road in exchange for oil.

Transport is moving towards an agreement with Türkiye to finance the development road in exchange for oil.

10-10-2026

The Ministry of Transport announced on Saturday that it is moving to conclude an agreement with Turkey for financing in exchange for oil to establish a fund to finance the development road project, while noting that the first phase of the project will be financed through a World Bank loan.

Fadel Abbas, the director of the projects department at the General Company for Iraqi Railways, said in a press statement that “the Development Road project is currently Read more…

Al-Hakim calls for an end to the multiple exchange rates of the dollar.

Al-Hakim calls for an end to the multiple exchange rates of the dollar.

2026-10-10

Shafaq News – Baghdad
On Saturday, Ammar al-Hakim, head of the State Forces Alliance, called for an end to the multiple exchange rates of the dollar and for bridging the gap between the official and parallel rates, stressing the need to protect the poor through a package of recent measures that he described as “supportive,” in light of the repercussions of regional conditions on the Iraqi economy. Read more…

Qubad Talabani: The formation of the Kurdistan Regional Government is imminent… and I am optimistic that the obstacles will be overcome.

Qubad Talabani: The formation of the Kurdistan Regional Government is imminent… and I am optimistic that the obstacles will be overcome.

2026-10-10

Shafaq News – Sulaymaniyah
Deputy Prime Minister of the Kurdistan Region, Qubad Talabani, confirmed on Saturday that there is a serious will to form the new government cabinet, expressing his optimism that the remaining obstacles can be resolved and the government can be formed during the current fall season.

Talabani said during a press conference held in Sulaymaniyah Read more…

The World Bank predicts that the Iraqi economy will contract by 12.4% during 2026.

The World Bank predicts that the Iraqi economy will contract by 12.4% during 2026.

10-10-2026

Information/Baghdad…
The World Bank expects the Iraqi economy to contract by 12.4% in 2026, the largest decline since 2003, due to financial pressures and the repercussions of the US-Israeli aggression against Iran, and the accompanying unrest that has impacted the economic situation.
Estimates indicate that the expected contraction will exceed the decline recorded in 2020, when the Iraqi economy shrank by about Read more…

MP: We will not vote on the budget unless the government reverses its decision on the exchange rate.

MP: We will not vote on the budget unless the government reverses its decision on the exchange rate.

10-10-2026

Information/Baghdad…
MP Nour al-Juhayshi threatened on Saturday to boycott the vote on the federal budget, confirming that there is a parliamentary stance against its passage if the insistence on maintaining the dollar exchange rate at its current high levels without official intervention and a reduction is implemented.
Al-Juhayshi told the Information Agency, “The Parliament will not give its vote to the draft budget law unless the government and the Central Bank initiate Read more…

Nine acting ministers… Intensive meetings over 72 hours to finalize Al-Zidi’s cabinet

Nine acting ministers… Intensive meetings over 72 hours to finalize Al-Zidi’s cabinet

10-10-2026

Information/Baghdad…
A member of the State of Law Coalition, Arif al-Hamami, predicted on Saturday that the remaining ministerial portfolios in Ali al-Zaidi’s government would be finalized this week, noting that a series of important meetings would be held within the next 72 hours.
Al-Hamami explained to Al-Maalouma that “important meetings will be held within the next 72 hours, focusing on finalizing understandings between Read more…

Al-Marsoumi presents the government with financial alternatives to reduce the exchange rate.

Al-Marsoumi presents the government with financial alternatives to reduce the exchange rate.

10-10-2026

Information/Baghdad…
On Saturday, economic expert Nabil Al-Marsoumi presented a package of financial and economic measures that he said represent alternatives to address the financial deficit in Iraq, calling for reducing public expenditures and maximizing non-oil revenues, instead of resorting to reducing the exchange rate of the dinar and burdening the poor and vulnerable groups with the cost of inflation.
In his proposals, reviewed by Al-Maalomah News Agency, Al-Marsoumi stated, Read more…

MP: Private banks are among the biggest beneficiaries of the rise in the dollar exchange rate

MP: Private banks are among the biggest beneficiaries of the rise in the dollar exchange rate

10-10-2026

Information/Baghdad…
MP Thaer Jassim, from the National Approach parliamentary bloc, confirmed on Saturday that private banks are among the main beneficiaries of the rising dollar exchange rate. He pointed out that the decision to raise the exchange rate has caused disruption in local markets and a surge in commodity prices.
Jassim told the Information Agency that “the rise in the dollar exchange rate has directly impacted market activity and prices, placing additional Read more…

A source told Al-Maalomah: Government directives to avoid discussing the negative aspects of raising the dollar exchange rate.

A source told Al-Maalomah: Government directives to avoid discussing the negative aspects of raising the dollar exchange rate.

10-10-2026

Information / Baghdad…
A responsible source within the Iraqi Media Network revealed on Saturday that strict government directives have been issued obligating financial and economic experts and analysts to refrain from discussing the negative consequences of the decision to raise the dollar exchange rate, and to focus exclusively on supporting the decision and promoting its “alleged” advantages. Read more…

Maliki’s coalition calls on political blocs to end the deadlock and finalize the ministerial portfolios.

Maliki’s coalition calls on political blocs to end the deadlock and finalize the ministerial portfolios.

10-10-2026

Information/Baghdad…
MP Inam Hamoudi, from the State of Law Coalition, affirmed on Saturday the coalition’s full commitment to its electoral entitlement in the government formation and its refusal to relinquish the ministerial portfolios allocated to it.
Hamoudi told the Information Agency, “The State of Law Coalition remains committed to its constitutional and electoral right and will not relinquish the ministries that represent its parliamentary entitlement within Read more…

Parliamentary call to eliminate “armies of advisors” and reduce salaries of special grades

Parliamentary call to eliminate “armies of advisors” and reduce salaries of special grades

10-10-2026

The Information Agency / Baghdad –
Member of Parliament, Ahmed al-Shammari, called on the al-Zaidi government on Saturday to conduct a comprehensive and urgent review of the number of advisors serving all officials and to reduce them to reasonable levels. He stressed that reducing government spending must be a top priority in addressing the current financial crisis facing the country.
Al-Shammari told the Information Agency, “Reducing the number of advisors Read more…

Economist: Addressing the deficit begins with rationalizing spending, not by burdening citizens with the cost of the crisis.

Economist: Addressing the deficit begins with rationalizing spending, not by burdening citizens with the cost of the crisis.

10-10-2026

Information/Special…
Economic expert Jalil al-Lami affirmed on Saturday that addressing the financial crisis facing Iraq requires starting with rationalizing government spending and reviewing areas of waste before burdening citizens with additional costs resulting from exchange rate fluctuations and rising prices. He explained that addressing the deficit cannot be limited to measures that affect citizens’ purchasing power.
Al-Lami told Al-Maalouma, “Discussions about a liquidity crisis and inflated operational expenses must be Read more…

Al-Bayati reveals the date the 2027 budget will arrive in Parliament and its most prominent features.

Al-Bayati reveals the date the 2027 budget will arrive in Parliament and its most prominent features.

10-10-2026

Information/Baghdad…
MP Mohammed Qutaiba al-Bayati revealed on Saturday the date the 2027 budget will reach Parliament, and pointed to its most prominent features.
Al-Bayati explained to Al-Maalouma that “according to the information we have, the 2027 budget will reach the Parliamentary Finance Committee this October,” noting that “the budget will be discussed extensively by Read more…

Al-Zaydi announces the launch of the “One Million Plots of Residential Land” project (Homeland Initiative) in Karbala Governorate

Al-Zaydi announces the launch of the “One Million Plots of Residential Land” project (Homeland Initiative) in Karbala Governorate

2026-10-10

Shafaq News – Karbala
Prime Minister Ali Faleh al-Zaidi laid the foundation stone today, Saturday, for the project of one million residential plots (Homeland Initiative) in Karbala Governorate.

Al-Zaydi had arrived earlier in the day in Karbala and met with its governor, Nassif Jassim al-Khattabi.

In mid-September, the National Investment Commission identified the city of Karbala as the first starting point Read more…

Between public anxiety and the experience of 2021… Why do economists rule out a comprehensive wave of inflation after the exchange rate adjustment?

Between public anxiety and the experience of 2021… Why do economists rule out a comprehensive wave of inflation after the exchange rate adjustment?

2026-10-10

Shafaq News – Baghdad
Economic experts ruled out on Saturday that all imported and locally produced goods would be affected by the new exchange rate decision for the dollar against the Iraqi dinar, stressing the importance of monitoring prices in the market and following up on inflation data for the coming months to assess purchasing power and hold the concerned parties accountable in the event of Read more…

Sulaymaniyah tightens control over markets and warns traders against raising prices due to the dollar.

Sulaymaniyah tightens control over markets and warns traders against raising prices due to the dollar.

2026-10-10

Shafaq News – Sulaymaniyah
On Saturday, the joint committees in the Sulaymaniyah Governorate announced the implementation of a large-scale monitoring campaign to inspect food warehouses in the city’s industrial area, with the aim of monitoring prices and ensuring the quality of food and goods offered in the markets.

The head of the joint committees, Baban Ahmed, told a Shafaq News Agency correspondent that the federal government’s recent decision to raise the dollar exchange rate has raised concerns Read more…

Following the rise of the dollar, political understandings are being reached to create new ministries in Iraq.

Following the rise of the dollar, political understandings are being reached to create new ministries in Iraq.

2026-10-10

Shafaq News – Baghdad
Two days after the official exchange rate of the dollar was raised, former MP Amir Al-Maamouri revealed on Friday political understandings towards creating new ministries and separating the Ministry of Culture and Tourism, in a move that raised questions about its administrative and economic feasibility, at a time when the country is facing a financial deficit and increasing pressure on public spending.

Al-Maamouri said in a Facebook post followed by Shafaq News Agency that there is an effort to create two new Read more…

The behind-the-scenes details of the diesel deal between Trump and Putin have been revealed.

The behind-the-scenes details of the diesel deal between Trump and Putin have been revealed.

2026-10-10

Shafaq News – Follow-up
The American website Axios revealed the behind-the-scenes details of US President Donald Trump’s decision to import urgent shipments of Russian diesel, attributing the move to Ukraine’s disregard for Washington’s demands to stop targeting Russian oil refineries.

The website quoted a US official as saying that Ukrainian President Volodymyr Zelensky “is not reading the political climate correctly,” arguing that the continued attacks on Russian refineries Read more…

Following the adjustment of the official exchange rate, the dollar is fluctuating around 163,000 dinars in Iraqi markets.

Following the adjustment of the official exchange rate, the dollar is fluctuating around 163,000 dinars in Iraqi markets.

2026-10-10

Shafaq News – Baghdad / Erbil
The exchange rate of the US dollar recorded a decline in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, on Saturday morning, as trading began at the start of the week, coinciding with the implementation of the new dollar selling rate by the Central Bank of Iraq.

A Shafaq News Agency correspondent said that the dollar prices fell in the Al-Kifah and Al-Harithiya exchanges in Baghdad to 163,600 Iraqi dinars per 100 dollars, compared to Read more…