A new exchange rate ignites Iraq… Experts warn of inflation and the expansion of the parallel market.
2026-10-07
Shafaq News – Baghdad
The decision to adjust the exchange rate of the Iraqi dinar against the dollar, which came into effect on Wednesday, has ignited the Iraqi market, amid warnings of inflation and a widening gap between the official and parallel market prices for the US dollar.
The Central Bank of Iraq has adopted a new price for selling dollars to citizens at 1520 dinars, compared to 1510 dinars for banks and 1500 dinars for buying dollars from the Ministry of Finance, Read more…
Iraqi contractors warn Al-Zaidi: Raising the exchange rate threatens the continuation of projects
2026-10-07
Shafaq News – Baghdad
On Wednesday, the Iraqi Contractors Union called on Prime Minister Ali al-Zubaidi to postpone the implementation of Cabinet Resolution No. (544) of 2026, which concerns increasing the exchange rate of the dollar against the dinar, warning of its financial repercussions on government sector contracts and projects.
The Federation said, in a letter addressed to the Prime Minister, Read more…
Following the adjustment of the official exchange rate, the real estate market in Erbil enters a freeze phase.
2026-10-07
Shafaq News – Erbil
A real estate expert in Erbil confirmed on Wednesday that the recent rise in the exchange rate of the US dollar against the Iraqi dinar has led to a freeze in the real estate market, predicting that this will be followed by a rise in the prices of investment housing units.
Sardar Azad, the owner of a real estate company in Erbil, Read more…
CBI website statement: A strategic step to enhance financial stability
October 07, 2026
As a strategic step to enhance financial stability, in line with the Central Bank of Iraq and the Federal Government’s commitment to achieving sustainable economic stability and ensuring comprehensive development, and based on joint coordination with the Council of Ministers and in accordance with the provisions of the Central Bank Law No. (56) of 2004, as amended, the Central Bank informs the public of the adjustment to the exchange rate of the Iraqi dinar Read more…
The Central Bank reassures Iraqis: The new exchange rate is a strategic step to enhance financial stability.
2026-10-07
Shafaq News – Baghdad
The Central Bank of Iraq described on Wednesday the decision to raise the exchange rate of the dinar against the US dollar as a “strategic step” to enhance financial stability, reassuring citizens and the economic sector of the adequacy and strength of its foreign reserves.
The Central Bank said in a statement that the exchange rate adjustment came within the framework of the bank’s and the federal government’s commitment Read more…
Iraq strengthens its presence in the Chinese market as Iranian oil supplies decline.
2026-10-07
Shafaq News – Follow-up
Independent Chinese refineries have stepped up their purchases of Iraqi oil, particularly Basra medium and heavy crude, to offset declining Iranian supplies, at a time when oil exports from Gulf producers via the Strait of Hormuz are recovering.
Traders told Bloomberg that Chinese refineries bought at least 12 million Read more…
Warnings of soaring prices… Observatory documents dollar surges in Iraq, and Baghdad’s trade sector calls for a stable environment.
2026-10-07
Shafaq News – Baghdad
On Wednesday, the “Eco Iraq” economic observatory documented six notable waves of increase in the dollar exchange rate in the parallel market compared to the official rate during 2026, while the Baghdad Chamber of Commerce warned of the effects of adjusting the exchange rate on import costs and market activity.
The observatory explained in a statement that parallel exchange rates recorded new record levels with each upward Read more…
Peshmerga: No air defense system has arrived in the Kurdistan Region, and what is being circulated is baseless.
2026-10-07
Shafaq News – Erbil
The Ministry of Peshmerga Affairs in the Kurdistan Region denied on Wednesday receiving an air defense system, in response to what local media outlets and social media pages had reported regarding a source in the ministry claiming that an air defense system had arrived at the ministry.
The ministry said in a statement that no official source in the Ministry of Peshmerga Affairs had made any statement in this regard, stressing that this news is completely false and we deny it Read more…
Standard Chartered: Iraq’s reserves could fall to $60 billion by year’s end
2026-10-07
Shafaq News – Follow-up
An economist at Standard Chartered Bank suggested on Wednesday that Iraq might turn to the International Monetary Fund if oil revenues continue to decline and the devaluation of the dinar fails to achieve the desired results in supporting public finances.
Carla Slim, quoted by Bloomberg, said that any potential program with the IMF could include structural reforms, particularly regarding Read more…
The rise in the dollar’s price ignites Parliament… A special session will be held tomorrow to host the Finance Ministry and the Central Bank.
2026-10-07
Shafaq News – Baghdad
The Iraqi parliament voted on Wednesday to postpone the agenda of today’s session and turn it into a general discussion session regarding the decision to raise the exchange rate of the dollar against the Iraqi dinar, while it set a special session for tomorrow, Thursday, to host the governor of the Central Bank and the Minister of Finance to discuss the reasons for the decision and its repercussions. Read more…
The Iraqi Trade Bank begins injecting dollar liquidity to support the dinar and stabilize the market.
2026-10-07
Shafaq News – Baghdad
The Trade Bank of Iraq (TBI) announced on Wednesday that it has begun its work in supporting the national currency and enhancing dollar liquidity to contribute to financial and monetary stability in the country, through continuous coordination and providing cash liquidity of foreign currency to meet market needs and finance various sectors.
The bank explained in an official statement that these steps come in light of current economic and financial Read more…
“The citizen’s pocket is not the solution”: Parliamentary anger over the decision to raise the dollar exchange rate
2026-10-07
Shafaq News – Baghdad
Hassan al-Asadi, head of the National Approach bloc, called on the government on Wednesday to reverse its decision to raise the dollar exchange rate and cancel it quickly, warning of its repercussions on various segments of society.
Al-Asadi said during a press conference held in the parliament building, attended by members of the bloc and Shafaq News Agency, that the decision to raise the dollar exchange rate will lead to “widespread damage Read more…
The Central Bank decides to adopt a new exchange rate for the dollar and sets its sale price to the public at 1520 dinars.
10-7-2026
The Central Bank decided today, Wednesday, to adopt a new exchange rate for the dollar, setting its selling price at 1520 dinars. According to a document issued by the Central Bank, “In reference to the Cabinet’s decision taken in its twenty-second session on October 6, 2026, which includes amending the exchange rates of the Iraqi dinar against the US dollar in a way that meets the relevant financial, economic and monetary requirements.” Read more…
Iraqi Dinar Guru opinions 10-6-2026
10-6-2026 Newshound Guru Clare Article: “The 2027 draft budget adopts a rate of 150,000 dinars per 100 dollars… and the Central Bank denies fixing the rate so far” Quote: “Member of the Parliamentary Finance Committee, Dylan Ghafour, revealed on Monday that the draft Iraqi budget for 2027 includes adopting an exchange rate of 150,000 dinars per 100 dollars, in a move that, if approved, would represent a clear change in the rate adopted during previous years…the proposal is still within the draft budget and has not yet been voted on in the Cabinet.” Read more…
Trump on the French protests: They’re caused by Islam trying to take over the state.
2026-10-06
Shafaq News – Washington
On Tuesday evening, US President Donald Trump asserted that the student protests in France were “nothing less than an out-of-control mass migration,” linking them to Islam rather than a school crisis.
Trump said in remarks monitored by Shafaq News Agency, “This is not a matter about schools, but rather about Islam and its desire to take over a country that was once great.” Read more…
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Badr Bloc: Iraq cannot afford four deputy prime ministers
10-6-2026
Information/Baghdad…
MP Mukhtar al-Moussawi, from the Badr parliamentary bloc, criticized the political move to appoint four deputy prime ministers, pointing out that these positions consume the state budget at a time when Iraq is suffering from a financial crisis.
Al-Moussawi told Al-Maalouma, “Iraq needs radical solutions to the financial crisis it is experiencing, which necessitates not proceeding with the appointment of four deputy prime ministers.” Read more…
Oshana: The 2027 budget will be subject to parliamentary scrutiny before the official readings.
10-6-2026
Information/Baghdad…
MP Sami Oshana, from the Christian Suwayana bloc, revealed on Tuesday the legislative and oversight mechanism that the House of Representatives will adopt to deal with the draft federal budget law for 2027 as soon as it is sent by the government.
Oshana told the Information Agency that “the Speaker of Parliament will provide each MP with a complete official copy of the draft, including Read more…
Ministry of Finance: The dollar exchange rate has not yet been determined; the proposed rate ranges between 1400 and 1500 dinars.
10-6-2026
The Ministry of Finance denied on Sunday that a specific exchange rate for the US dollar had been set in the 2027 budget, while indicating that the proposed rate of 1400-1500 dinars would likely be adopted.
A statement from the ministry, reported by Al-Maalomah News Agency, quoted the Minister of Finance as saying that the exchange rate had not yet been determined and that the proposed rate ranged between Read more…
Economist: Raising the dollar exchange rate in the budget requires legislation, and current statements are merely testing the waters.
10-6-2026
Information/Special…
Economic researcher Ali Tamr confirmed on Tuesday that the proposal to raise the dollar exchange rate within the budget comes as part of attempts to address the financial deficit. He explained that changing the exchange rate cannot be done through proposals or decisions, but rather requires a law voted on by the Council of Representatives.
Tamr told Al-Maalouma, “The proposal to raise the dollar exchange rate Read more…
A high-level Kurdish delegation heads to Baghdad to finalize the region’s entitlements in the 2027 budget.
2026-10-06
Shafaq News – Erbil
The Department of Media and Information of the Kurdistan Regional Government announced on Tuesday that a high-level negotiating delegation from the regional government will head to the federal capital, Baghdad, on Wednesday.
The department said in a statement, received by Shafaq News Agency, that the delegation will continue negotiations with the federal government regarding the region’s financial obligations, rights Read more…
