Parliament cancels “dollar session” and settles for a meeting with the Minister of Finance and the Governor of the Central Bank
2026-10-08
Shafaq News – Baghdad
A parliamentary source reported on Thursday that the Speaker of Parliament decided to cancel the parliamentary session scheduled for today, which was to include hosting Finance Minister Faleh Sari and Central Bank Governor Nizar Nasser Hussein to discuss the repercussions of the decision to raise the exchange rate of the dollar against the Iraqi dinar. Read more…
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…
The Central Bank Governor tells Parliament: The new exchange rate is fixed and can never be changed.
2026-10-08
Shafaq News – Baghdad
A parliamentary source reported on Thursday that the governor of the Central Bank informed members of the parliamentary finance committee that the exchange rate of the dollar would remain fixed at 1,500 dinars, stressing that it could not be changed.
The source told Shafaq News Agency that the Central Bank Governor explained to the committee members that any change in the dollar exchange rate within the general budget law would lead to Read more…
Araghchi confirms that negotiations with Washington will continue through intermediaries.
2026-10-08
Shafaq News – Tehran
Iranian Foreign Minister Abbas Araqchi confirmed on Thursday that the negotiation process with the United States is still ongoing, and messages are being exchanged through intermediaries.
Araghchi continued in a press statement, saying: “We presented the seven-day plan and listened to the American side’s viewpoint on it,” indicating that “we are currently studying the American viewpoint and will provide our response within Read more…
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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
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.
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…
Iraqi Dinar Guru opinions 10-7-2026
10-7-2026 Intel Guru Reset Intelligence Iraq lowered the dinar’s official rate this morning. The Council of Ministers approved it in Tuesday’s session and the Central Bank adopted it: 1,500 IQD to the dollar buying from the Finance Ministry, 1,510 selling to the banks and 1,520 selling to the public. Read more…
New clarification from the Central Bank regarding the adjustment of the dollar exchange rate.
10-7-2026
The Central Bank of Iraq clarified on Wednesday that the adjustment of the dollar exchange rate comes within a package of economic and financial reforms, stressing that the monetary situation is reassuring and that foreign reserves are at comfortable levels that allow it to meet the demand for foreign currency to finance foreign trade.
He said that “the exchange rate channel is important for the Iraqi economy, Read more…
Legal researcher Ali Al-Tamimi explains the limits of Parliament’s authority regarding the new exchange rate.
10-7-2026
Legal researcher Ali Al-Tamimi explained on Wednesday that Parliament has the authority to discuss and amend the exchange rate included in the budget law, but it does not have the power to directly cancel the decision issued by the Central Bank, indicating that delaying the approval of the entire budget to put pressure on the bank may raise constitutional issues. Read more…
MP: Divergent opinions delay setting a date for the cabinet reshuffle session
10-7-2026
Information/Baghdad…
MP Inam Ala’a Al-Din confirmed on Wednesday that no specific date has yet been set for a parliamentary session to vote on the remaining ministerial portfolios in Ali Al-Zidi’s government, attributing this to the continued divergence in political positions.
Ala’a Al-Din told the Information Agency, “The Parliament has not yet set any official date for the session to complete the vacant cabinet,” noting that Read more…
Saba Al-Saadi: Reducing the salaries of senior officials saves billions and does not affect the market.
10-7-2026
Information/Special…
MP Saba al-Saadi confirmed on Wednesday that reducing the salaries of senior and special-grade officials could save the state billions and contribute to addressing the budget deficit. She pointed out that this step had been taken previously by past governments, particularly during Haider al-Abadi’s administration.
Speaking to Al-Maalouma, al-Saadi said, “Reducing the salaries of MPs, Read more…
Iraq advances at UNESCO and secures an eighth international post for its permanent representative.
2026-10-07
Shafaq News – Paris
Iraq has achieved a new international presence in UNESCO, with its permanent representative to the organization, Asad Turki Sawari, assuming the presidency of the Intergovernmental Committee on the Return of Cultural Property to its Countries of Origin and the Prevention of Illicit Trafficking (ICPRCP), for the period 2026-2028.
The Permanent Delegation of Iraq to UNESCO said in a statement Read more…
Al-Shourja and “Jamila” close their shops… The rise in the dollar’s price strikes at the heart of Iraq’s economy
2026-10-07
Shafaq News – Baghdad
Traders’ warehouses and shops in the Al-Shourja market, “Alwa Jamila,” and a number of money exchange and transfer companies closed their doors on Wednesday, following the Iraqi Central Bank’s decision to raise the official exchange rate of the US dollar against the Iraqi dinar from 1320 dinars per dollar to 1520 dinars.
The Al-Shourja market in the center of Baghdad is the largest and most important economic center for various goods, including food, household goods, clothing, cigarettes, and other daily necessities for the lives of citizens in Baghdad Read more…
The Central Bank of Iraq reassures currency traders: No prosecution or arrest without a court order.
2026-10-07
Shafaq News – Baghdad
An official source at the Central Bank of Iraq stated on Wednesday that the bank represents the exclusive authority entrusted with “supervision, monitoring and regulation” of banking and non-banking financial institutions in the country.
The source told Shafaq News Agency that the role of the security services is limited to executive coordination to enforce rulings and laws, in accordance with official Read more…
The beleaguered Iraqi dinar
2026-10-07 05:41
Ahmed Hussein
A new game is being played by the Al-Zidi government, just as it was played by the Al-Kadhimi and Al-Sudani governments before it. It is the “humiliation” of the value of the Iraqi dinar in front of the master of monetary masters, the US dollar. As usual, the victim is the Iraqi citizen. The Prime Minister and those who revolve around him, the ministers and those who revolve around them, the President of the Republic and those who revolve around him, the deputies and those who revolve around them, the Read more…
The Iraqi Ministry of Finance officially adopts 1500 dinars to the dollar and cancels the prepayment of customs duties.
2026-10-07
Shafaq News – Baghdad
The Iraqi Ministry of Finance announced on Wednesday the adoption of a rate of 1,500 dinars per dollar, while deciding to stop the pre-payment of customs duties.
The ministry stated in a statement that, based on Cabinet Resolution No. (544), issued in its session held on 6/10/2026, it was decided to amend the exchange rate of the dollar against the Iraqi dinar to become (1500) dinars per dollar.
It was also decided to suspend the implementation of Cabinet Resolution No. (413) of 2026 regarding Read more…
Al-Hakim: The upcoming Iraqi budget has allocated five trillion dinars for regional development.
2026-10-07
Shafaq News – Kirkuk
The head of the National State Forces Alliance, Ammar al-Hakim, announced on Wednesday that the 2027 budget will include an allocation of five trillion dinars for the development of the regions in Iraq.
Al-Hakim said in a press conference held after his meeting with the local government in Kirkuk Governorate that this amount will stimulate Read more…
Parliamentary move to hold an emergency session regarding the rise in the dollar exchange rate
2026-10-07
Shafaq News – Baghdad
Parliamentary circles moved to hold an emergency session to discuss the decision to raise the dollar exchange rate and to compel the government to reverse it, amid warnings of the repercussions of the decision on the Iraqi citizen and market.
Member of Parliament Ibtisam Al-Hilali said in a statement to Shafaq News Agency that she rejects the Cabinet’s decision to change and raise the exchange rate of the dollar against the Iraqi dinar, noting that the decision will Read more…
The dollar surged in Baghdad and Erbil following the implementation of the new exchange rate.
2026-10-07
Shafaq News – Baghdad/Erbil
The exchange rate of the US dollar recorded a significant increase in the markets of Baghdad and Erbil on Wednesday morning, coinciding with the start of the implementation of the decision to amend the official exchange rate, amid a state of fluctuation and instability in the parallel market.
A correspondent for Shafaq News Agency said that the dollar rose Read more…
