IRAQI DINAR POLITICS & ECONOMY

Most disputes resolved… Parliament prepares to vote on vacant ministerial posts

Most disputes resolved… Parliament prepares to vote on vacant ministerial posts

10-11-2026

Information/Baghdad…
MP Riyadh al-Khafaji announced on Sunday that the issue of vacant ministerial posts is nearing resolution and the government formation is nearing completion. He confirmed that a parliamentary session will be held next week to vote on the remaining ministerial nominees.
Al-Khafaji told the Information Agency that “the intensive political negotiations over the past few days have led to resolving most of the obstacles Read more…

Al-Moussawi: The government needs to improve performance, not create new positions.

Al-Moussawi: The government needs to improve performance, not create new positions.

10-11-2026

Information/Baghdad…
MP Ahmed al-Moussawi, a member of the Coordination Framework, criticized on Sunday the efforts of some political blocs to create new government positions, arguing that they offer no real benefit to the government’s work, given the need to focus on improving institutional performance and meeting citizens’ needs.
Al-Moussawi told the Information Agency, “Some political forces are seeking to create new positions, including deputy prime minister positions, despite Read more…

Al-Fatlawi: Raising the exchange rate has opened the door to a new wave of inflation.

Al-Fatlawi: Raising the exchange rate has opened the door to a new wave of inflation.

10-11-2026

Information/Baghdad…
MP Shaima al-Fatlawi criticized the government’s decision to proceed with raising the exchange rate of the US dollar through the Central Bank of Iraq on Sunday, describing this move as an ill-considered and hasty step that directly targets the daily sustenance of citizens and opens the door to a severe wave of price hikes.
In a statement to the Information Agency, al-Fatlawi said, “Insisting on raising the exchange rate will immediately lead to an unprecedented increase in the prices Read more…

Economic: 104 trillion dinars of non-oil revenues outside the budget

Economic: 104 trillion dinars of non-oil revenues outside the budget

10-11-2026

Information/Special…
Economic expert Nasser al-Kinani confirmed on Sunday that Iraq possesses substantial non-oil revenues not included in the general budget, estimating their size at approximately 104 trillion dinars. He indicated that investing and managing these funds transparently could contribute to addressing a portion of the debt and the financial crisis, and reduce the need for measures that affect citizens’ purchasing power, such as raising the dollar exchange rate. Read more…

Baghdad announces its position on the Riyadh airport attack: We reject the targeting of civilians and civilian facilities.

Baghdad announces its position on the Riyadh airport attack: We reject the targeting of civilians and civilian facilities.

2026-10-11

Shafaq News – Baghdad
The Iraqi government on Sunday condemned the attack on King Khalid International Airport in the Saudi capital, Riyadh, which resulted in casualties and human and material losses, and which “harms” regional security and stability.

This came in an official statement issued by the spokesman for the Commander-in-Chief of the Armed Forces, Sabah al-Nu’man, in which he affirmed the Iraqi government’s rejection Read more…

Tomorrow, the framework and Al-Zaidi will meet: Saudi Arabia and Kuwait top the agenda.

Tomorrow, the framework and Al-Zaidi will meet: Saudi Arabia and Kuwait top the agenda.

2026-10-11

Shafaq News – Baghdad
The Coordination Framework will hold an important periodic meeting tomorrow, Monday, in the presence of Prime Minister Ali al-Zaidi, to discuss a number of political and security issues, in addition to reviewing the most prominent topics that al-Zaidi will discuss during his upcoming visit to Saudi Arabia and Kuwait.

Prime Minister Ali al-Zaidi will conduct a Gulf tour next Wednesday, which includes Read more…

Prior to his visit, Al-Zaidi dispatched the oil minister to Saudi Arabia to “prepare the huge file”.

Prior to his visit, Al-Zaidi dispatched the oil minister to Saudi Arabia to “prepare the huge file”.

2026-10-11

Shafaq News – Baghdad
A government source revealed on Monday that Oil Minister Bassem Mohammed Khudair is heading to Saudi Arabia to prepare files in anticipation of Prime Minister Ali al-Zidi’s visit, most notably the activation of the joint oil pipeline.

The source told Shafaq News Agency that “one of the most important topics to be discussed with Saudi officials is the reactivation of the joint oil pipeline to transport Iraqi oil towards the Saudi port of Yanbu and on to the global oil markets.” Read more…

Iraq’s trillions deficit threatens the continuation of salary payments in 2027

Iraq’s trillions deficit threatens the continuation of salary payments in 2027

2026-10-11

Shafaq News – Baghdad
Iraq’s public finances face mounting challenges, with estimates indicating a deficit of up to 50 trillion dinars in the 2027 budget, given the heavy reliance on oil revenues and growing operational obligations. This raises concerns about the government’s ability to secure salaries and financial entitlements, limit borrowing, and maintain investment spending amid regional turmoil and oil market volatility.

These challenges come as the total value of the draft budget is approximately 217 trillion dinars, according to what Read more…

A formal parliamentary appeal has been filed with the Federal Court against the decision to change the exchange rate.

A formal parliamentary appeal has been filed with the Federal Court against the decision to change the exchange rate.

2026-10-11

Shafaq News – Baghdad
The head of the parliamentary rights bloc, Saud Al-Saadi, revealed on Sunday that he had filed an official appeal with the Federal Supreme Court (the highest judicial authority in Iraq) against the government’s decision to change the exchange rate of the US dollar.

Al-Saadi told Shafaq News Agency that he officially filed an appeal today with the Federal Court against Decision No. (544) issued by the Iraqi Council of Ministers, which raised the exchange rate of the US dollar against the Iraqi dinar. Read more…

Awaiting instructions from Baghdad, Diyala prepares 44,000 residential plots for distribution.

Awaiting instructions from Baghdad, Diyala prepares 44,000 residential plots for distribution.

2026-10-11

Shafaq News – Diyala
Diyala Governorate announced on Sunday the completion of procedures to prepare 7,500 dunams of land in various areas of the governorate, in preparation for providing about 44,000 residential plots to those eligible, within Diyala’s share of the million plots initiative.

Hassan al-Jubouri, the deputy governor of Diyala for technical affairs, told Shafaq News Agency that “the procedures for lifting the agricultural reform on 7,500 dunams have been completed Read more…

Head of the Ports Authority: We are witnessing remarkable growth, and exports through Trebil have exceeded 300 vehicles per day.

Head of the Ports Authority: We are witnessing remarkable growth, and exports through Trebil have exceeded 300 vehicles per day.

10-11-2026

The head of the Border Ports Authority, Omar Al-Waeli, announced on Sunday that the ports are witnessing extensive trade exchange. While noting that priority is given to perishable goods, he confirmed that exports through the Trebil port have exceeded 300 trucks per day. Al-Waeli told the official agency that “one of the priorities of the work of the border ports is to give priority to perishable goods in procedures and to ensure that they are not delayed, in addition to the rest of the foodstuffs and raw materials used in 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…