An economist says Iraq’s reserves are capable of supporting the dinar despite the risks.
6-8-2026
Information/Baghdad…
Economic expert Safwan Qusay warned against devaluing the Iraqi dinar against the dollar, coinciding with the ongoing conflict in the region.
Qusay told Al-Maalouma, “The Central Bank possesses dollar reserves exceeding $90 billion, along with more than 170 tons of gold, enabling it to maintain the current exchange rate.”
He added, “If the Strait of Hormuz remains closed due to the regional war and its continuous escalation, without accountability for those responsible for this closure, which has Read more…
Parliamentary Integrity: The next phase will witness the opening of major corruption cases.
6-8-2026
The Information Agency / Baghdad –
Member of the Parliamentary Integrity Committee, Ahmed al-Shammari, revealed on Monday that the committee continues to pursue corruption cases, recover stolen funds, and prosecute fugitives involved both inside and outside Iraq. He emphasized that the amount of embezzled funds has doubled in recent years.
Al-Shammari told the Information Agency, “The Integrity Committee continues to pursue cases of recovering stolen funds and prosecuting those Read more…
“No internal disputes.” A framework confirms that ministerial portfolios will be finalized within days.
6-8-2026
Information/Interview…
Iraq is currently witnessing the emergence of a number of important and sensitive issues, most notably the completion of Ali al-Zaidi’s government formation and the filling of the remaining ministerial posts, particularly the security ministries, in addition to economic and financial challenges, as well as developments in the regional landscape.
In this context, Information conducted an interview with Abdul Samad al-Zarkoushi, a member of the Coordination Framework, to discuss the most prominent of these issues.
Q: When will the remaining ministerial posts in Ali al-Zaidi’s government be decided?
A: A crucial meeting of the coordination framework will be held within Read more…
Article 140: From constitutional guarantee to the trap of political bureaucracy
2026-06-08
Badr Ismail Cherokee
Let us close our eyes for a moment and recall the world five hundred years ago, when there were no strict borders on the globe, and religions decided who declared war on whom, or which nation lived with another in peace and security.
But the world later began to suffer from the tyranny of kings and monotheistic religions, and grew weary and bored. So it was decided to draw lines between the lands of nations and peoples, lines drawn under the name of borders. A definition of identity, love of country, and loyalty to it emerged from the womb of the great and bloody French Revolution, leading to the birth of the concepts of modern political and humanitarian institutions and organizations, and armed forces in the post-Sykes-Picot era. This agreement contributed to consigning the last Read more…
Iraq is losing $15,000 per hour due to the closure of its airspace.
2026-06-08
Shafaq News – Baghdad
The Echo Iraq Observatory announced on Monday that Iraq is losing about $15,000 per hour as a result of the temporary halt in air traffic through its airspace.
The observatory stated in a statement received by Shafaq News Agency that Iraqi airspace, before the suspension of air traffic, witnessed the passage of about 800 aircraft daily, including domestic and foreign flights, while the daily rates during previous periods ranged Read more…
“An explanation that needs further explanation”… An economic expert: The Central Bank of Iraq’s statement on the currency did not answer the questions.
2026-06-08
Shafaq News – Baghdad
On Monday, economist Manar Al-Obaidi stated that the latest clarification issued by the Central Bank of Iraq lacked answers to many questions regarding the effects of its measures on the monetary and economic reality, demanding that it publish detailed data on the treasury transfer portfolio and its impact on the monetary base.
Al-Obaidi, commenting on the Central Bank’s statement issued on June 7, 2026, said that he agrees with the technical distinction between “discounting treasury transfers” and “printing currency,” but the discussion should Read more…
Al-Zaydi is pressuring factions to prevent their involvement in the escalation between Iran and Israel.
2026-06-08
Shafaq News – Baghdad
Informed sources reported on Monday that Iraqi Prime Minister Ali al-Zaidi, along with his own team, is leading an intensive effort aimed at preventing Iraqi armed factions from becoming involved in the recent military escalation between Iran and Israel, even if the United States returns to direct participation in the confrontation alongside Israel.
Sources told Shafaq News Agency that “government contacts and pressure began last night and are still ongoing, Read more…
Inflation in Iraq jumps to 4.3% in April
2026-06-08
Shafaq News – Baghdad
Data from Iraq’s Central Statistical Organization showed on Monday that the general consumer price index reached 112.5 points during April 2026.
The general consumer price index in Iraq reached approximately 112.5 points during April 2026, compared to 110.6 points in March 2026, recording an increase of 1.7%, which represents the monthly inflation rate, according to Read more…
Economist: Iraq has become a “salary state” and the oil crisis threatens to paralyze it.
2026-06-08
Shafaq News – Baghdad
Financial expert Mahmoud Dagher confirmed on Monday that public finances in Iraq have turned into something resembling “salary finances” since 2004, as a result of the almost complete reliance on oil revenues to cover monthly operating expenses, primarily the salaries of employees, retirees and social welfare.
Dagher told Shafaq News Agency that “the continuous expansion in government appointments during the past years Read more…
Iran announces halt to military operations against Israel
2026-06-08
Shafaq News – Tehran
Iran’s Khatam al-Anbiya headquarters announced on Monday a halt to military operations against Israel, but stressed that if attacks continue, especially in southern Lebanon, Tehran’s response will be “more forceful.”
The last hours of Monday witnessed a continued military escalation between Iran and Israel, punctuated by raids and explosions in several Iranian cities, amid mutual warnings of expanding the scope of the confrontation.
The Israeli army announced on Monday morning that it had detected new launches of missiles Read more…
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Iraq reopens its airspace and resumes flights
2026-06-08
Shafaq News – Baghdad
The Iraqi Civil Aviation Authority announced on Monday the reopening of Iraqi airspace to flights to and from all Iraqi airports.
The authority stated in a statement received by Shafaq News Agency that “the decision to reopen the airspace comes after assessing the situation in coordination with the relevant authorities, in order to ensure the continuation of air traffic according to the highest standards Read more…
Iraq on the brink of a financial storm: Will the emergency plan save the economy before it’s too late?
6-8-2026
Researcher Shatha Khalil*
In the world of economics, crises don’t begin the day governments announce their inability to pay salaries, nor when foreign currency reserves plummet to dangerous levels. Rather, they begin when countries ignore the early warning signs of an impending storm. Today, Iraq faces one of its most critical economic phases in years, not only due to the decline in oil prices, but also as a result of escalating regional challenges that threaten the lifeblood of the Iraqi economy: oil exports.
Iraq relies on oil for more than 85% of its budget revenues, making its economy highly sensitive to any disruption Read more…
Iraqi Dinar Guru opinions 6-7-2026
6-7-2026 Newshound Guru Jeff Everything needed/required to happen is happening right in front of our face. Preparing to revalue. Every freaking step. You can’t mention one thing that’s not happening, not being discussed or mentioned. Every possible freaking thing that’s needed to be covered, done and performed is happening right now in our face to prepare towards the revaluation… Read more…
Muzhir Muhammad: The Iraqi economy is fragile and the budget is highly vulnerable.
6-7-2026
Information/Special..
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, warned today, Sunday, against the continued dependence of the Iraqi economy on oil as an almost sole source of revenues, stressing that this reality makes the general budget highly susceptible to fluctuations in global prices.
In response to a question about the risks of falling oil prices, Saleh told Al-Maalomah News Agency, “Oil revenues represent more than 90% of the state’s total income, while the general budget depends directly on crude oil prices in global markets.”
He added that “the breakeven oil price in the Iraqi budget is often between Read more…
The Central Bank of Iraq issues a clarification regarding the “printing of 25 trillion dinars” to provide salaries.
2026-06-07
Shafaq News – Baghdad
On Sunday, the Central Bank of Iraq issued a clarification regarding what is being circulated about the printing of currency and financing public expenditures, following statements by Foreign Minister Fuad Hussein indicating that 25 trillion dinars had been printed to address the financial crisis and provide salaries.
The Central Bank of Iraq explained in a statement received by Shafaq News Agency that “there is a fundamental and important difference between ‘discounting treasury bills’ and ‘printing currency’ on both the technical and economic Read more…
Iraq and six other OPEC+ countries will increase oil production next month.
2026-06-07
Shafaq News – Follow-up
Iraq and six other OPEC+ member states decided, in a virtual meeting held on Sunday, to implement a production adjustment with an increase of 188,000 barrels per day starting in July 2026.
The alliance announced in a statement that the seven countries – Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman – made this decision after reviewing global market conditions and forecasts, as part of their collective commitment to supporting Read more…
Maliki’s coalition rules out changing the value of the dinar and warns against inflaming public opinion.
6-7-2026
Information/Baghdad…
Imran Karkoush, a member of the State of Law Coalition, ruled out the government’s intention to change the value of the dinar and devalue it against the dollar, while simultaneously warning against taking decisions that would inflame Iraqi public opinion.
Karkoush told Al-Maalouma, “The government does not want to risk any decisions that might inflame Iraqi public opinion and thus directly Read more…
An economist warns against printing money, advising domestic borrowing to protect the dinar from collapse.
6-7-2026
Information / Baghdad…
Economic expert Hashim al-Haboubi warned on Sunday against resorting to printing money locally to cover the budget deficit, stressing that domestic or foreign borrowing is the best alternative to protect the financial market from the risk of severe inflation.
Al-Haboubi told the Information Agency, “Flooding the market with printed local currency to cover salaries and other expenses will directly lead to higher inflation levels, in addition to causing a sharp decline in the exchange rate of the national currency against Read more…
Exchange rate and diversification of income sources: The government faces complex economic and financial challenges.
6-7-2026
The ongoing crisis in the region has directly impacted Iraq’s economy, through the decline in oil exports , on which the government directly relies to replenish the state treasury and allocate funds for operational expenses. This places the al-Zaidi government before difficult choices, requiring it to diversify income sources and revitalize the country’s economy without resorting to fateful decisions that could inflame public opinion, especially as the government formation process begins and the political establishment awaits the finalization Read more…
Al-Azm: No date yet for the session to complete the Al-Zidi government
6-7-2026
Al-Maalomah/Baghdad…
Haider al-Asadi, a member of the Azm Alliance, confirmed on Sunday that no date has yet been set for a parliamentary session to finalize Prime Minister Ali al-Zaidi’s cabinet. He called on political forces to overcome their differences and expedite the resolution of outstanding issues.
Al-Asadi told Al-Maalomah News Agency, “The Parliament has not yet set a date for a special session to complete the formation of Prime Minister Ali al-Zaidi’s government and fill the remaining ministerial positions.”
He added, “The current stage requires all political forces Read more…
