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Iraqi Dinar Guru opinions 11-12-2026

Iraqi Dinar Guru opinions 11-12-2026

11-12-2026 Intel Guru Reset Intelligence Iraq wrote its oil law in 2007, 6 Prime Ministers and 19 years later it is still never passed. Oil brings in about 90% of the Iraqi government’s money. The law is meant to settle who runs the fields, who sells the barrels, and whose account the dollars land in. Without it there is no fixed rule for splitting that money between Baghdad and Erbil so every year the two sides argue it out from scratch – How many barrels Erbil hands over and what share of the budget it gets back. Every budget waits on that argument and this year’s is already a month past its legal date. This week the law is back on the table… Read more…

MP: We will submit a request to the Speaker of Parliament to discuss the rise in the dollar exchange rate.

MP: We will submit a request to the Speaker of Parliament to discuss the rise in the dollar exchange rate.

2026-11-12

Shafaq News – Baghdad
On Thursday, MP Miqdad al-Khafaji, from the parliamentary rights bloc, revealed his intention to submit a request to the Speaker of Parliament to discuss the rising exchange rate of the dollar in the market and the rising prices of food items. Read more…

Iraq and the IMF conclude talks to prepare a 3-year reform plan

Iraq and the IMF conclude talks to prepare a 3-year reform plan

2026-11-12

Shafaq News – Amman
The Iraqi Ministry of Finance announced on Wednesday evening the conclusion of talks with the International Monetary Fund in the Jordanian capital, Amman, with progress made in the negotiation process towards a reform program supported by the Fund in the coming years. Read more…

Al-Faw port is nearing the operational phase.

Al-Faw port is nearing the operational phase.

12/11/2026

The Grand Faw Port project is about to enter its trial operational phase, following the completion of its basic pillars with completion rates of (100%) for the five berths, the navigation channel, and the connecting road.

The Director General of Iraqi Ports, Abdullah Ati, explained that the project is practically moving from construction to on-site operation, coinciding with the launching of the first buoy. For his part, the Director of the Submerged Tunnel Read more…

The region’s required share is 14.14%… New Kurdish understandings with Baghdad regarding the budget

The region’s required share is 14.14%… New Kurdish understandings with Baghdad regarding the budget

11-12-2026

Information/Baghdad…
Wafa Mohammed Karim, a member of the Kurdistan Democratic Party, clarified today, Thursday, the nature of the understandings being reached by the Kurdistan delegation in Baghdad. He pointed out that the delegation is discussing the budget, the region’s share of it, oil revenues, and services in Kurdistan.
Karim told Al-Maalouma, “The visits of the Kurdistan delegations to Baghdad aim to reach an agreement on the budget and increase the region’s share Read more…

A member of parliament accuses the government and the central bank of reneging on their promises to control the parallel market.

A member of parliament accuses the government and the central bank of reneging on their promises to control the parallel market.

11-12-2026

Information/Baghdad…
Member of Parliament, Miqdad al-Khafaji, criticized the government and the Central Bank of Iraq on Thursday for reneging on previous promises to take measures to protect citizens from the repercussions of the exchange rate adjustment and to achieve a balance between the official rate and the parallel market rate. Read more…

An economist warns of “significant waste” in SOMO contracts and reveals a 47% discount for the UAE’s ADNOC.

An economist warns of “significant waste” in SOMO contracts and reveals a 47% discount for the UAE’s ADNOC.

11-12-2026

Information/Baghdad
Economic expert Abdul Rahman al-Mashhadani warned on Thursday of suspected corruption and collusion by influential parties in crude oil sales contracts. He revealed that the Iraqi State Oil Marketing Company (SOMO) granted substantial discounts of up to 47% to the UAE’s ADNOC, directly harming the country’s resources.
Al-Mashhadani told the Information Agency, “SOMO’s granting of a 47% Read more…

Masrour Barzani: Our talks in Baghdad focused on the region’s rights and appointments that have been stalled for 12 years.

Masrour Barzani: Our talks in Baghdad focused on the region’s rights and appointments that have been stalled for 12 years.

2026-11-12

Shafaq News – Erbil
On Thursday, Kurdistan Regional Government Prime Minister Masrour Barzani announced that his recent talks in Baghdad focused primarily on the region’s financial rights and the reopening of government appointments, which have been suspended for about 12 years. He also confirmed that amendments would be made to the labor law to guarantee the rights of workers in the private sector. Read more…

Iraq’s foreign currency reserves fall to $78.2 billion as gold holdings and investments decline.

Iraq’s foreign currency reserves fall to $78.2 billion as gold holdings and investments decline.

2026-11-12

Shafaq News – Baghdad
Indicators from the Central Bank of Iraq showed on Thursday that its foreign reserves fell to $78.245 billion at the end of September 2026, compared to $81.538 billion at the end of August, a decrease of $3.293 billion, or 4.04%.

According to data seen by Shafaq News Agency, foreign reserves also recorded a decline compared to the end of 2025, when they amounted to $97.426 Read more…

Trump on Iran: We seized their money and controlled their strait, and we don’t need an agreement with them.

Trump on Iran: We seized their money and controlled their strait, and we don’t need an agreement with them.

2026-11-12

Shafaq News – Washington
US President Donald Trump asserted on Thursday that he does not need to reach an agreement with Iran, at a time when the Qatari government is working to mediate between the two sides.

Trump explained in a press statement: “We have taken hundreds of billions of dollars from Iran and we control the Strait of Hormuz and we do not need to make a deal with them.” Read more…

To ensure market stability, the Central Bank of Iraq renews its commitment to covering imports of goods and services.

To ensure market stability, the Central Bank of Iraq renews its commitment to covering imports of goods and services.

2026-11-12

Shafaq News – Baghdad
The Central Bank of Iraq confirmed on Thursday that it will continue to meet requests for foreign currency reinforcement in a smooth manner and in a way that meets the needs of importers to finance the import of goods and services at the official exchange rate.

As stated in an official statement, the bank will continue to provide Read more…

Exclusive: Meeting between al-Zaydi, al-Amiri, al-Fayyad, and “Abu Fadak” to contain the escalation with Kataib Hezbollah

Exclusive: Meeting between al-Zaydi, al-Amiri, al-Fayyad, and “Abu Fadak” to contain the escalation with Kataib Hezbollah

2026-11-12 05:41

Shafaq News – Baghdad
An informed source revealed on Thursday that a meeting that lasted more than three hours took place at the Government Palace in Baghdad, bringing together Prime Minister Ali al-Zubaidi, Badr Organization leader Hadi al-Amiri, Popular Mobilization Forces chief Faleh al-Fayyad, and the head of the Popular Mobilization Forces, Abdul Aziz al-Muhammadawi, known as “Abu Fadak,” to discuss mechanisms for dealing with Kataib Hezbollah, in light of escalating disputes over restricting weapons to the state. Read more…

South Korean company Daewoo delivers the “submerged tunnel” project in Basra to Iraq

South Korean company Daewoo delivers the “submerged tunnel” project in Basra to Iraq

2026-11-12

Shafaq News – Basra
The Iraqi Ministry of Transport announced on Thursday the opening of the “submerged tunnel” project in Khor Al-Zubair in Basra Governorate, one of the most prominent projects of the Grand Faw Port, as the Iraqi ports received the project from the Korean company “Daewoo” after its completion.

The ministry said in a statement, received by Shafaq News Agency, that Transport Minister Wahab Al-Hassani inaugurated the submerged tunnel in Khor Al-Zubair, noting that it represents one of the most prominent engineering achievements in the Grand Faw Port project, and connects the Faw area to Umm Qasr, which contributes to shortening distances, time and costs in transportation and trade. Read more…

A report analyzes the dollar crisis: 14 reasons driving the rise of the parallel market rate and widening the price gap in Iraq.

A report analyzes the dollar crisis: 14 reasons driving the rise of the parallel market rate and widening the price gap in Iraq.

2026-11-12

Shafaq News – Baghdad
The head of the “Iraq Future” Foundation for Economic Studies and Consultations, economist Manar Al-Obaidi, identified on Thursday a set of main reasons that drive the increased demand for the dollar in the parallel market, and the pressure to widen the gap between the official and unofficial prices in Iraq.

Inability to finance trade with Iran Read more…

The dollar is soaring again… Exchange rates exceed 169,000 and approach 170,000 in Baghdad and Erbil

The dollar is soaring again… Exchange rates exceed 169,000 and approach 170,000 in Baghdad and Erbil

2026-11-12

Shafaq News – Baghdad / Erbil
The exchange rate of the US dollar rose today, Thursday, in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, as morning trading began.

A correspondent for Shafaq News Agency said that the price of the dollar rose in the Al-Kifah and Al-Harithiya exchanges in Baghdad Read more…

On charges of accepting $350,000, the Integrity Commission announces a 6-year prison sentence for the administrative deputy of the Ministry of Industry.

On charges of accepting $350,000, the Integrity Commission announces a 6-year prison sentence for the administrative deputy of the Ministry of Industry.

2026-11-12

Shafaq News – Baghdad
The Federal Integrity Commission announced today, Thursday, that a judgment was issued in absentia sentencing the criminal, the administrative agent of the Ministry of Industry and Minerals, to six years in prison for violating his job duties. Read more…

A Qatari plane heads to Tehran amid conflicting statements about “mediation”.

A Qatari plane heads to Tehran amid conflicting statements about “mediation”.

2026-11-12

Shafaq News – Tehran
Iran’s Fars News Agency reported on Thursday that a Qatar Airways plane was headed to the capital, Tehran, according to flight radar data.

Two days ago, the Secretary of Iran’s Supreme National Security Council, Mohsen Rezaei, confirmed that what Washington announced regarding the continuation of negotiations with Tehran and the holding of a meeting in Qatar was “pure lies,” denying the existence of current negotiations between the two sides. Read more…

Iraq’s oil production jumps to 4.88 million barrels per day in October

Iraq’s oil production jumps to 4.88 million barrels per day in October

2026-11-12

Shafaq News – Follow-up
Data from the Organization of the Petroleum Exporting Countries (OPEC), based on official Iraqi data, showed that Iraq’s oil production increased during October 2026 by 489,000 barrels per day, compared to last September.

According to the data, Iraq’s production rose from 4.399 million barrels per day in September to 4.888 million barrels per day in October, registering a monthly increase of about 11.1%. Read more…

Bafel Talabani rejects the Kurdistan Democratic Party’s invitation for dialogue

Bafel Talabani rejects the Kurdistan Democratic Party’s invitation for dialogue

2026-11-12

Shafaq News – Sulaymaniyah
On Thursday, the leader of the Patriotic Union of Kurdistan, Bafel Jalal Talabani, responded for the first time to the call by the leader of the Kurdistan Democratic Party, Masoud Barzani, for dialogue and an end to the political crisis in the Kurdistan Region. Read more…

The Kurdistan Democratic Party calls on the Patriotic Union of Kurdistan to return to parliament: Demand your electoral entitlement.

The Kurdistan Democratic Party calls on the Patriotic Union of Kurdistan to return to parliament: Demand your electoral entitlement.

2026-11-12

Shafaq News – Sulaymaniyah
On Thursday, the Kurdistan Democratic Party called on the Patriotic Union of Kurdistan to quickly return to the sessions of the Kurdistan Region Parliament and participate in forming the new government, stressing that the Union can demand positions and political entitlements according to its parliamentary weight and understandings with the Democratic Party. Read more…