Monday, September 21, 2026

๐Ÿ‡ฎ๐Ÿ‡ถ๐Ÿ”ฅ IRAQ’S “SOVEREIGNTY LAW”: A MAJOR DEVELOPMENT

๐Ÿ‡ฎ๐Ÿ‡ถ๐Ÿ”ฅ IRAQ’S “SOVEREIGNTY LAW”: A MAJOR DEVELOPMENT

๐Ÿ“ฐ NEWS SUMMARY

Iraq’s Coordination Framework is reportedly considering a new “Sovereignty Law” that would regulate weapons held by armed factions, address Turkish forces in northern Iraq, and establish a framework for managing these security issues.

๐Ÿ“… The proposal comes as the September 30 deadline approaches for bringing faction weapons under state control and as the Coalition’s military mission is scheduled to conclude.

๐Ÿ‡บ๐Ÿ‡ธ Prime Minister Ali al-Zaidi is also expected to discuss the weapons issue and its timeline with President Trump. The process could potentially extend into mid-2027.

๐Ÿ’ต Baghdad is also concerned that Washington could use financial pressure, including restrictions affecting the flow of U.S. dollars.

๐Ÿ”Ž MY ANALYSIS

This is important because Iraq may be moving from simply demanding that factions surrender their weapons toward creating a legal framework for state control, sovereignty, and foreign military presence.

If Baghdad can reach an agreement that brings weapons under state authority while addressing foreign forces, it could remove one of the major political obstacles facing Iraq.

๐Ÿ‡ฎ๐Ÿ‡ถ For the IQD, this does not confirm an RV, but greater political stability and stronger state control could be important foundations for broader economic and monetary reforms.

๐Ÿ‘€ The big question now: Can Iraq turn this proposal into an actual law and reach a workable agreement with the armed factions?


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'Sovereignty Law' gains traction within Iraq's CF

2026-09-20 13:02

Shafaq News- Baghdad

Iraq’s Shiite political forces are weighing a proposed “Sovereignty Law” that would regulate the handover of weapons by armed factions, establish a drone unit within the Popular Mobilization Forces (PMF), and address the presence of Turkish forces in northern Iraq, a source within the Coordination Framework (CF) told Shafaq News on Sunday.


The proposal was discussed during the latest CF meeting and put forward by a four-member committee tasked with negotiating with the factions.

Under the plan, local administrations in areas north of the 36th parallel would oversee the withdrawal of Turkish and other forces, while Baghdad, seeking to leverage the influence of US envoy Tom Barrack, according to the source, would handle the Turkish withdrawal from the Bashiqa camp, which lies south of the 36th parallel on Iraqi territory.


The 36th parallel is a historical reference to the no-fly zone established by the 1991 US-led Coalition over northern Iraq to protect the Kurdistan Region. The zone remained in place until 2003.

Turkish forces have been present in parts of northern Iraq for years, particularly in Nineveh province and border areas of the Kurdistan Region, including the Zlikan camp in Bashiqa district. Ankara has described its military presence as part of operations against the Kurdistan Workers’ Party (PKK), which it designates as a terrorist organization. The deployment, however, has repeatedly caused tensions with Baghdad, which has called for respect for Iraq’s sovereignty and an end to the “unagreed military presence.”


Read more: Iraq factions resist disarmament as coalition exit nears


On the weapons-management front, Prime Minister Ali al-Zaidi is expected to discuss the regulation and management of weapons during a planned meeting with US President Donald Trump on the sidelines of the UN General Assembly in New York, the source said, noting that the talks are also expected to address a timeframe for completing the process, which could extend until the middle of next year.

On Saturday, another source told Shafaq News that al-Zaidi will press Trump to hold off on any US financial or economic sanctions on Baghdad. The appeal is tied to September 30, the date originally set by Baghdad for bringing faction weapons under state control and which also marks the scheduled end of the Coalition’s military mission in Iraq.


Behind the request is concern that the United States could halt dollar shipments to Iraq as early as next month if there is no progress. Iraq’s oil revenues are paid in dollars into an account at the Federal Reserve Bank of New York, giving Washington leverage over the flow of cash to Baghdad.

https://shafaq.com/en/Iraq/Sovereignty-Law-gains-traction-within-Iraq-s-CF

FRANK26 ๐Ÿ‡ฎ๐Ÿ‡ถ๐Ÿ’ต A MAJOR CURRENCY CHANGE IN IRAQ?

FRANK26

๐Ÿ‡ฎ๐Ÿ‡ถ๐Ÿ’ต A MAJOR CURRENCY CHANGE IN IRAQ?

According to a report shared by Frank26, a member of Iraq’s Finance Committee said a proposed currency change could reveal hoarded and stolen money and that the project falls under the authority of the Central Bank of Iraq (CBI).


๐Ÿ’ด He also pointed out that many countries use lower-denomination notes, while Iraq currently lacks sufficient small denominations.


๐Ÿ”Ž The proposal reportedly has both monetary and economic objectives, while also being intended to signal a fundamental change in Iraq’s financial system.

๐Ÿ”ฅ Frank26 described this as “pretty much an announcement.”


๐Ÿ‘€๐Ÿ‡ฎ๐Ÿ‡ถ The key question now: What exactly will the CBI’s currency-change project look like, and what impact could it have on the Iraqi dinar?


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๐Ÿšจ IRAQ’S “DELETE THE ZEROS” STRATEGY: COULD IT SIGNAL A MAJOR CURRENCY REFORM AHEAD? ๐Ÿ’ฐ๐Ÿฆ #iqd

 


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๐Ÿ‡ฎ๐Ÿ‡ถ๐Ÿ’ต CBI UNDER PRESSURE: THE PARALLEL MARKET MATTERS

๐Ÿ‡ฎ๐Ÿ‡ถ๐Ÿ’ต CBI UNDER PRESSURE: THE PARALLEL MARKET MATTERS

๐Ÿ“ฐ NEWS SUMMARY

The Central Bank of Iraq says it has enough foreign reserves to meet legitimate dollar demand, despite the dinar weakening to around 160,000 IQD per $100.

The CBI attributes the pressure to speculation, market expectations, and regional tensions, while reaffirming that it will continue supplying dollars through official channels.

At the same time, foreign reserves have fallen nearly 17% in the first seven months of 2026, reaching about $80.6 billion.

๐Ÿ”Ž MY ANALYSIS

What we are seeing here is a clear example of the pressure created by the parallel market.

The wider the gap between the official CBI rate and the parallel-market rate, the greater the pressure on the dinar and the more difficult it becomes for the CBI to maintain monetary stability.

This helps explain why the CBI has been working to strengthen official channels and bring the two rates closer together.

๐Ÿ‡ฎ๐Ÿ‡ถ MY OBSERVATION

In my view, the long-term objective could be to significantly reduce the gap between the official and parallel rates, eventually leaving much less room for the parallel market to operate.

The key question now is: Can the CBI close that gap and restore greater confidence in the official dinar rate? ๐Ÿ‘€๐Ÿ“‰


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CBI counters fears over dollar supply

Shafaq News- Baghdad

Iraq has enough foreign reserves to meet demand for dollars for imports, card payments and travelers at the official exchange rate, the country’s Central Bank (CBI) said on Saturday, as the Iraqi dinar weakened sharply against the US currency, hovering around 160,000 Iraqi dinars per $100.


In a statement, the CBI attributed the rise to market speculation and expectations, as well as attempts by some beneficiaries to exploit geopolitical tensions in the region and unsettle economic and financial conditions.

The bank did not identify those it accused of benefiting from the situation.

Urging the public to rely on its official data and statements and avoid information circulated through unreliable sources, the CBI pledged to continue financing foreign trade through approved channels and for authorized purposes.


Earlier today, the CBI said that foreign reserves fell by nearly 17% in the first seven months of 2026 to $80.633 billion, with reserves declining by more than $5.5 billion in July alone.

https://shafaq.com/en/Economy/CBI-counters-fears-over-dollar-supply

Sunday, September 20, 2026

๐Ÿ‡ฎ๐Ÿ‡ถ๐Ÿ’ต CONFIDENCE IN THE IRAQI DINAR? A STATEMENT WORTH WATCHING

CHANNEL8

"These words are for those holding dinars," stated Jabbar Goran, spokesperson for the Slemani Currency Market, adding, "I converted my own dollars into dinars and I am not afraid."

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๐Ÿ‡ฎ๐Ÿ‡ถ๐Ÿ’ต CONFIDENCE IN THE IRAQI DINAR? A STATEMENT WORTH WATCHING

Jabbar Goran, spokesperson for the Slemani Currency Market, stated:

“These words are for those holding dinars. I converted my own dollars into dinars, and I am not afraid.”

๐Ÿ”Ž So, what could be behind these words?

The statement comes amid discussions about the Iraqi dinar’s performance against the U.S. dollar, the gap between the official and parallel-market rates, and possible monetary reforms in Iraq.

Goran has spoken about the possibility of the dinar strengthening if economic, commercial, and financial conditions improve. There has also been discussion about potential monetary reforms involving the removal of zeros from banknotes. However, that does not automatically mean a revaluation of the dinar’s purchasing power.

๐Ÿ“Œ For those of us following the possibility of an RV, it is important to distinguish between a gradual appreciation of the dinar and a major official revaluation. This statement, by itself, does not confirm an RV or a new official exchange rate.

๐Ÿ‡ฎ๐Ÿ‡ถ But here is my personal opinion:

I find it significant that someone directly connected to the currency market is publicly saying that he personally converted his dollars into dinars and is not afraid to hold them.

That raises an interesting question: How many Iraqis are doing something similar and holding dinars at home because they believe the currency could appreciate over time? ๐Ÿ‘€

We cannot claim that these people know a future exchange rate or an upcoming RV. But it does suggest that there is confidence among at least some participants in Iraq’s own currency market that the dinar could strengthen or regain value over time.

๐Ÿ’ก The key now is not simply to listen to statements, but to watch what the Central Bank of Iraq does, how the official exchange rate evolves, what happens in the parallel market, and whether concrete monetary reforms emerge.

๐Ÿ“ˆ๐Ÿ‡ฎ๐Ÿ‡ถ Time will tell whether these are simply signs of confidence in the dinar… or the beginning of something much bigger.


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๐Ÿ‡ฎ๐Ÿ‡ถ๐Ÿ”ฅ IRAQ UPDATE — WHAT’S HAPPENING RIGHT NOW? KEY DEVELOPMENTS TO WATCH! ๐Ÿšจ๐Ÿ’ต #Iraq

 



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๐Ÿ‡ฎ๐Ÿ‡ถ KURDISTAN ACCELERATES ITS FINANCIAL TRANSFORMATION ๐Ÿ’ณ๐Ÿง

 CHANNEL8

Under the new system, Peshmerga personnel will access their monthly salaries directly through ATMs rather than collecting payments through traditional bank distribution channels.

๐Ÿ‡ฎ๐Ÿ‡ถ KURDISTAN ACCELERATES ITS FINANCIAL TRANSFORMATION ๐Ÿ’ณ๐Ÿง

๐Ÿ“ฐ NEWS SUMMARY

The Ministry of Peshmerga is moving to a direct bank-based salary payment system. More than 99% of Peshmerga personnel are already registered with MyAccount and will receive their salaries directly into their bank accounts, with access through ATMs.

๐Ÿ”Ž ANALYSIS

This represents an important step toward greater banking adoption and digitalization of public-sector payments in Kurdistan.

๐Ÿ’ต The system reduces reliance on cash and allows salaries to be deposited directly into individual bank accounts.

๐Ÿฆ MyAccount is also part of a broader transition toward a more digital and traceable financial system.

๐Ÿ‡ฎ๐Ÿ‡ถ What makes this interesting is that the process is taking place within Iraq’s financial system, with participation from banks authorized by the Central Bank of Iraq.

⚠️ IMPORTANT: This does NOT mean a revaluation of the dinar, removal of zeros, or a change in the official exchange rate.

๐Ÿ“Œ However, it does show that Iraq’s financial infrastructure continues moving toward greater digitalization and banking integration.

๐Ÿ‘€ The next question is how far this modernization will expand across the rest of Iraq.


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๐Ÿ‡ฎ๐Ÿ‡ถ๐Ÿ”ฅ IRAQ’S “SOVEREIGNTY LAW”: A MAJOR DEVELOPMENT

๐Ÿ‡ฎ๐Ÿ‡ถ๐Ÿ”ฅ IRAQ’S “SOVEREIGNTY LAW”: A MAJOR DEVELOPMENT ๐Ÿ“ฐ NEWS SUMMARY Iraq’s Coordination Framework is reportedly considering a new “Sovereig...