IRAQI DINAR POLITICS & ECONOMY

Following the exchange rate adjustment, there are calls to pay Iraqi employees’ salaries in dollars and protect the poor.

Following the exchange rate adjustment, there are calls to pay Iraqi employees’ salaries in dollars and protect the poor.

2026-10-09

Shafaq News – Najaf / Baghdad
The Imam and Friday preacher of Najaf, Sadr al-Din al-Qubanchi, called on the Iraqi government today, Friday, to reconsider its decision to amend the exchange rate, suggesting that employees’ salaries be paid in US dollars if this decision is implemented and not reversed.

During the Friday sermon, Al-Qubbanji said, “We join our voice to the voice of the people, and we demand that the government review the decision to reduce the value of the dinar, especially since Read more…

Iraq’s domestic debt and the rising dollar: Can creditors legally waive their debts to save the economy?

Iraq’s domestic debt and the rising dollar: Can creditors legally waive their debts to save the economy?

10-9-2026

Researcher Shatha Khalil
The Iraqi economy faces increasing financial and monetary challenges, most notably the rising domestic debt, expanding government spending, and heavy reliance on oil revenues, in addition to the pressure on the dinar against the US dollar. These developments raise an important economic and legal question: Can creditors, particularly state-owned banks, waive a portion of the domestic debt or its interest to alleviate the burden on the budget? And does debt cancellation represent a genuine solution to the financial crisis? Read more…

An economist says that changing the dollar exchange rate will negatively impact the economy, and that the Ministry of Finance must find other solutions to address the budget deficit.

An economist says that changing the dollar exchange rate will negatively impact the economy, and that the Ministry of Finance must find other solutions to address the budget deficit.

10-9-2026

Economic expert Safwan Qusay confirmed: “The sudden change in the exchange rate of the dollar against the Iraqi dinar will negatively affect the Iraqi economy and will create a large gap in the social classes.”

Qusay said in a press statement: “The Ministry of Finance is trying to reduce the effects of the deficit in the 2027 budget by proposing a change in the exchange rate. The Central Bank is also trying to defend its reserves Read more…

Exclusive: The decision to raise the dollar’s value was approved by political leaders before its announcement.

Exclusive: The decision to raise the dollar’s value was approved by political leaders before its announcement.

2026-10-08

Shafaq News – Baghdad
A government source confirmed on Thursday evening that the decision to raise the official dollar exchange rate had been discussed and approved during recent meetings between political forces and the Prime Minister.

The source explained to Shafaq News Agency that “the financial crisis file was present in all official government meetings with political forces, whether they were individual meetings with some party and political leaders or expanded meetings with all forces.” Read more…

Al-Khalidi: Raising the dollar exchange rate has disrupted the market and bank transfers.

Al-Khalidi: Raising the dollar exchange rate has disrupted the market and bank transfers.

10-8-2026

Information/Special..
MP Aqeel Al-Khalidi confirmed on Thursday that the decision to raise the price of the dollar caused great confusion in the market, bank accounts and commercial transfers, noting that there are transfers submitted during the months of August and September whose amounts were frozen, despite the goods entering Iraq, which represents a major problem for traders and banks. Read more…

Currency exchange offices close their doors in Anbar and refuse to deal in dollars.

Currency exchange offices close their doors in Anbar and refuse to deal in dollars.

10-8-2026

Information/Anbar.
Currency exchange offices in Anbar province closed their doors on Wednesday following a sudden rise in the dollar exchange rate, which reached 170,000 dinars per 100 dollars.

Amin Al-Dulaimi, one of the owners of exchange offices in Anbar, told Al-Maalouma Agency that “the exchange offices spread throughout the cities of Anbar have stopped buying and selling the dollar currency Read more…

Is it blatant theft or economic reform? The government resorts to citizens to compensate for its revenue shortfall.

Is it blatant theft or economic reform? The government resorts to citizens to compensate for its revenue shortfall.

10-8-2026

Information/Report…
Various Iraqi provinces are preparing for demonstrations and protests against the government’s recent decision to raise the exchange rate of the dollar against the dinar to 150,000 dinars per 100 dollars. This will mean a rise in all prices across the country, with the average citizen bearing the brunt of such decisions. The government justifies the move as part of a plan to compensate for revenue shortfalls and maximize state resources, but this will come at the expense of the citizen, who will suffer greatly in the coming days. Various political, economic, and even legal circles have rejected this measure and decision, which Read more…

A deputy reveals the main points of the emergency session regarding raising the dollar exchange rate.

A deputy reveals the main points of the emergency session regarding raising the dollar exchange rate.

10-8-2026

The Information Agency / Baghdad –
Member of Parliament, Ahmed al-Shammari, revealed on Thursday the most prominent issues and pressing questions that members of parliament will raise during the anticipated questioning of the Minister of Finance and the Governor of the Central Bank of Iraq in the emergency session scheduled for this afternoon.
Al-Shammari told the Information Agency that “parliamentary discussions will focus primarily on Read more…

The conflict between “Azm” and “Taqaddum” over the Ministry of Culture portfolio is delaying the completion of the cabinet.

The conflict between “Azm” and “Taqaddum” over the Ministry of Culture portfolio is delaying the completion of the cabinet.

10-8-2026

Information/Baghdad…
MP Badr Mahmoud revealed on Thursday that political disputes are intensifying over the remaining vacant cabinet positions. He explained that the fierce competition between the “Azm” and “Taqaddum” alliances to secure the Ministry of Culture is the most significant obstacle hindering the completion of the cabinet Read more…

The exchange rate hike: A price storm looms, prompting parliamentary action to contain the repercussions.

The exchange rate hike: A price storm looms, prompting parliamentary action to contain the repercussions.

10-8-2026

The decision to raise the exchange rate of the US dollar against the Iraqi dinar to 1,500 dinars per dollar has sparked a wave of warnings from members of parliament regarding its economic and social repercussions. There are calls for the government and the Central Bank to take urgent measures to mitigate its impact on citizens and markets, particularly those Read more…

Basem Al-Gharibawi: The government chose the easiest path by devaluing the dinar.

Basem Al-Gharibawi: The government chose the easiest path by devaluing the dinar.

10-8-2026

Information/Special..
Former MP Bassem Al-Gharibawi confirmed on Thursday that the measure taken by the government regarding raising the dollar exchange rate was not well thought out, indicating that the difficult economic conditions that Iraq is going through and the delay in salaries require taking multiple measures before resorting to burdening the citizen with the cost of treatment.
Al-Gharibawi told Al-Maalomah that “the citizen has become the primary Read more…

Are the gains from raising the dollar worth all these repercussions for the citizen and the market?

Are the gains from raising the dollar worth all these repercussions for the citizen and the market?

10-8-2026

Information/Special:
Economic expert Jalil al-Lami confirmed on Thursday that Iraq faces a highly sensitive economic decision that goes beyond mere figures in budget tables. It directly impacts the purchasing power of millions of citizens and the cost of their basic needs. He pointed to the necessity of evaluating the financial gains achieved from adjusting the dollar exchange rate against the potential Read more…

This evening, a government-parliamentary meeting will be held in the Constitutional Hall to discuss the “exchange rate”.

This evening, a government-parliamentary meeting will be held in the Constitutional Hall to discuss the “exchange rate”.

2026-10-08 06:00

Shafaq News – Baghdad
An informed source reported on Thursday that the House of Representatives will hold a joint government-parliamentary meeting regarding changing the dollar exchange rate.

The source told Shafaq News Agency that “a meeting will be held in the Constitutional Hall inside the Iraqi Parliament at 8 pm.” Read more…

The new exchange rate is a “double shock”… An economic proposal to freeze customs tariffs for a year

The new exchange rate is a “double shock”… An economic proposal to freeze customs tariffs for a year

2026-10-08

Shafaq News – Baghdad
On Thursday, Manar Al-Obaidi, head of the “Iraq Future” Foundation for Economic Studies and Consultations, called on the Council of Ministers and the Parliament to take a temporary economic measure for one year to mitigate the effects of adjusting the dinar exchange rate on commodity prices and to protect commercial and industrial activity from recession. Read more…

A member of parliament presents 16 proposals to solve Iraq’s economic crisis and warns against quick fixes.

A member of parliament presents 16 proposals to solve Iraq’s economic crisis and warns against quick fixes.

2026-10-08

Shafaq News – Baghdad
MP Haider Al-Mutairi, from the “Ishraqat Kanoun” bloc, announced on Thursday that he had submitted 16 proposals to address the economic crisis that Iraq is going through, while warning against resorting to quick solutions that harm the citizen.

Al-Mutairi said in a statement received by Shafaq News Agency: “ We are proud that we did not participate in or vote for the previous government that plunged the country into a debt of 210 trillion Read more…

Iraq enters the race to regain its oil share in the Gulf markets

Iraq enters the race to regain its oil share in the Gulf markets

2026-10-08 01:07

Shafaq News – Follow-up
Middle Eastern oil producers have entered a race to regain market share lost during the Iran war, as crude exports through the Strait of Hormuz gradually improve, according to a Reuters analysis.

Reuters noted that Iraq and Saudi Arabia were among the producers offering significant discounts to buyers willing to load oil shipments within the Gulf Read more…

Al-Zaydi: Postponing customs duties and taxes on imports of eggs, chickens, and live meat

Al-Zaydi: Postponing customs duties and taxes on imports of eggs, chickens, and live meat

2026-10-08

Shafaq News – Baghdad
On Thursday, Prime Minister Ali al-Zaidi directed that the collection of customs duties and taxes imposed on imported eggs, chickens, and live meat products be postponed.

The Prime Minister’s Media Office stated in a statement received by Shafaq News Agency that the decision aims to support the stability of local markets and provide these basic materials Read more…

Al-Marsoumi explains how to calculate the financial impact of reducing the dinar’s exchange rate.

Al-Marsoumi explains how to calculate the financial impact of reducing the dinar’s exchange rate.

10-8-2026

Economic expert Nabil Al-Marsoumi explained on Thursday the mechanism for calculating the financial impact resulting from reducing the exchange rate of the dinar, indicating that the calculation of additional revenues should not be based on total oil revenues, but rather on net revenues after deducting payments and external obligations valued in dollars.

Al-Marsoumi said that calculating the revenue resulting from the devaluation of the dinar by multiplying the new Read more…

Parliamentary Finance Committee: The government received debts of approximately 210 trillion dinars

Parliamentary Finance Committee: The government received debts of approximately 210 trillion dinars

10-8-2026

Member of the Parliamentary Finance Committee, Youssef Al-Kalabi, confirmed on Thursday that the Iraqi government inherited a difficult financial situation in light of the accumulation of debts and the decline in oil revenues. Al-Kalabi stated in a statement that “Al-Kadhimi’s government, despite the rise in the dollar exchange rate and the problems that accompanied it, which the citizen bears the burden of, handed over to Al-Sudani’s government a cash surplus of 70 trillion dinars.” Read more…

Former MP Amir Al-Maamouri: Most of those objecting to the exchange rate increase bought dollars before the announcement.

Former MP Amir Al-Maamouri: Most of those objecting to the exchange rate increase bought dollars before the announcement.

10-8-2026

Former MP Amir Al-Maamouri revealed on Thursday that most of those who objected to raising the official exchange rate of the US dollar were aware of the decision in advance, noting that they bought dollars before the announcement of the new price and made significant financial gains.

Al-Maamouri said in a post on his official Facebook account: “Most of the objectors know about the increase in the dollar price and they bought dollars from the market before the vote and the announcement of the price of 152 and made great profits.. So why pretend not to know?” Read more…