Iraqi Dinar Guru opinions 6-7-2026

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.

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.

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.

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.

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.

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.

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

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…

Barzani’s party criticizes Halbousi’s management of the sessions: He lacks experience and professionalism.

Barzani’s party criticizes Halbousi’s management of the sessions: He lacks experience and professionalism.

6-7-2026

Information / Baghdad…
Wafaa Mohammed, a member of the Kurdistan Democratic Party, criticized the performance of Speaker of Parliament Hebat al-Halbousi on Sunday, stating that his style of managing parliamentary sessions lacks the necessary professionalism and experience.
Mohammed told Al-Maalouma, “The way some parliamentary sessions are conducted does not reflect the level of responsibility entrusted to the Speaker, especially regarding contentious and sensitive issues.”
He added, “The Speaker employs an unprofessional approach to managing sessions, and he needs more wisdom Read more…

Between government denial and confirmation… what is happening with the printing of local currency?

Between government denial and confirmation… what is happening with the printing of local currency?

6-7-2026

Information/Report…
Economic warnings continue in Iraq regarding the dangers of resorting to printing local currency as a solution to address the financial deficit or secure salaries and operational expenses. This comes at a time when the issue is witnessing governmental debate regarding whether or not to implement new currency printing operations.
Economic experts emphasize that expanding currency issuance without backing from genuine production growth or an increase in foreign reserves and gold will lead to higher inflation rates and erode the purchasing power of the Iraqi dinar, in addition to Read more…

Al-Shammari reveals the reasons for postponing the completion of the cabinet.

Al-Shammari reveals the reasons for postponing the completion of the cabinet.

6-7-2026

Information / Baghdad –
Member of Parliament, Ahmed al-Shammari, confirmed on Sunday the absence of any serious indications of holding an extraordinary parliamentary session during the current legislative recess to complete the cabinet formation, noting that political disagreements continue to hinder a resolution of this issue.
Al-Shammari told the Information Agency, “Differences in viewpoints among political forces regarding the completion of the distribution of ministerial portfolios are still present in the political landscape and have not Read more…

Al-Maliki discusses weapons control with the US chargé d’affaires

Al-Maliki discusses weapons control with the US chargé d’affaires

2026-06-07

Shafaq News – Baghdad
On Sunday, Nouri al-Maliki, head of the State of Law Coalition, discussed with Joshua Harris, the acting US ambassador to Iraq, the issue of restricting weapons in Iraq and developments in the region.

The office of the head of the State of Law Coalition stated in a statement received by Shafaq News Agency that “Maliki met with Harris at his office today, and during the meeting they discussed ways to strengthen bilateral relations between the two countries. They also discussed political developments and the ongoing dialogues between political forces towards completing Read more…

Iran announces the implementation of the “Hormuz Tariff”

Iran announces the implementation of the “Hormuz Tariff”

2026-06-07

Shafaq News – Tehran
Iran’s parliament announced on Sunday that the mechanism for collecting fees from ships crossing the Strait of Hormuz has entered “the actual implementation phase.”

Mohammad Zanganeh, a member of the Program and Budget Committee of the Shura Council, told the Iranian Fars News Agency that the average amount collected from each ship passing through the Strait ranges between $1.5 and $2 million, noting that this policy Read more…

Al-Zaidi travels to Washington with businessmen and promises to inject $10 billion into the private sector.

Al-Zaidi travels to Washington with businessmen and promises to inject $10 billion into the private sector.

2026-06-07

Shafaq News – Baghdad
Iraqi Prime Minister Ali Faleh al-Zaidi announced on Saturday an upcoming official visit to the United States, accompanied by businessmen, to expand mutual and joint investment opportunities, noting at the same time that the development fund is for the private sector and will absorb a contribution from the Central Bank worth $10 billion.

This came during Al-Zaydi’s reception of a number of businessmen, members of the board of directors and Read more…

“The bank didn’t announce it”: Hussein reveals the printing of 25 trillion Iraqi dinars and warns of a catastrophe.

“The bank didn’t announce it”: Hussein reveals the printing of 25 trillion Iraqi dinars and warns of a catastrophe.

2026-06-07

Shafaq News – Baghdad
Iraqi Foreign Minister Fuad Hussein revealed on Saturday that the government has resorted to printing 25 trillion dinars to address the financial crisis, warning that the continuation of the current situation could lead to a “financial catastrophe” in the country, given the decline in revenues related to oil exports.

Hussein said in an interview on the Iraqi channel “Al-Sharqiya” that the continued closure of the Strait of Hormuz threatens to create a severe economic crisis in Iraq, stressing that this matter may affect the government’s ability Read more…

Reuters: US move to compensate neighboring countries affected by frozen Iranian assets

Reuters: US move to compensate neighboring countries affected by frozen Iranian assets

2026-06-07

Shafaq News – Washington
Reuters reported on Saturday evening that the US administration is moving towards making frozen Iranian assets available to its allies in order to support reconstruction and repair projects in countries affected by Iranian policies or activities.

The agency added that US Treasury Secretary Scott Bisent directed the relevant authorities to prepare a comprehensive assessment of the extent of the damage caused by Iran in a number of neighboring countries, in a move that could Read more…

After a week-long hiatus, US imports of Iraqi oil have seen a slight increase.

After a week-long hiatus, US imports of Iraqi oil have seen a slight increase.

2026-06-07

Shafaq News – Baghdad / Washington
U.S. imports of Iraqi crude oil rose slightly last week, after registering zero the week before, according to data from the U.S. Energy Information Administration.

The data showed that the United States imported about 43,000 barrels per day of Iraqi oil during the last week, compared to no imports in the previous week, indicating a limited return of Iraqi supplies to the American market.

According to the weekly ranking of crude oil imports Read more…

Al-Sinafi: Al-Zidi promised to disburse one trillion dinars of the contractors’ outstanding dues.

Al-Sinafi: Al-Zidi promised to disburse one trillion dinars of the contractors’ outstanding dues.

2026-06-07

Shafaq News – Baghdad
The head of the Iraqi and Arab Contractors Union, Ali Fakher Al-Sanafi, confirmed on Sunday that Prime Minister Ali Falih Al-Zaidi promised to disburse one trillion dinars of the contractors’ outstanding dues as a first payment.

Al-Sanafi said in a statement received by Shafaq News Agency that “this approach reflects the government’s interest in addressing the challenges facing contracting companies, especially Read more…

Iraq is discussing with the World Bank the provision of technical support for preparing the upcoming budget.

Iraq is discussing with the World Bank the provision of technical support for preparing the upcoming budget.

2026-06-07

Shafaq News – Baghdad
Finance Minister Faleh Sari met on Sunday with a World Bank delegation headed by Regional Director Jean-Christophe Carré and the Special Representative of the mission in Iraq, Emmanuel Salinas, to discuss prospects for technical and institutional cooperation and support for the country’s financial and economic reform priorities.

A statement issued by the Iraqi Ministry of Finance indicated that the meeting discussed mechanisms for Read more…

The US military is preparing to execute four soldiers.

The US military is preparing to execute four soldiers.

2026-06-07

Shafaq News – Washington
The U.S. Army is working on a plan to carry out the executions of four death row inmates within the U.S. military, should the U.S. president order their execution, according to an internal planning document seen by ABC News.

According to the report, carrying out this step would make it the first time the US military has executed convicted American military personnel in more than half a century.

According to the internal document released last February, entitled “Operation Decisive Justice,” the plan directs Read more…