Saturday, October 31, 2026

🇮🇶🤝 BAGHDAD & KURDISTAN MOVE TOWARD RESOLVING ENERGY DISPUTES!

 🇮🇶🤝 BAGHDAD & KURDISTAN MOVE TOWARD RESOLVING ENERGY DISPUTES!

The Iraqi federal government and the Kurdistan Regional Government have agreed to establish timelines to address longstanding disagreements over oil production, exports, revenue distribution, and energy cooperation.

🏛️ WHY IT MATTERS: Resolving these disputes could strengthen internal stability, improve federal-regional cooperation, and create a more favorable environment for advancing the HCL (Hydrocarbon Law).

💵 CONNECTING THE DOTS: A unified framework for managing Iraq’s oil resources and distributing revenues remains an important piece of the country’s broader economic reform agenda.

🔎 Progress between Baghdad and Erbil is worth watching! 🇮🇶✨

---

Baghdad, Erbil agree on energy dispute timelines

2026-10-25 12:51

Shafaq News- Duhok

Iraq's government and the Kurdistan Regional Government (KRG) agreed on Sunday to set timelines for resolving outstanding energy and oil export disputes, according to a statement from the office of Deputy Prime Minister for Energy Affairs Mohsen Al-Mandalawi.

The agreement followed talks in Duhok province between a federal delegation led by Al-Mandalawi and Kurdistan Region Prime Minister Masrour Barzani, attended by Oil Minister Bassem Mohammed Al-Abadi, Electricity Minister Ali Saadi Wahib, and other officials. The discussions covered oil production, exports, marketing arrangements, revenue management, and electricity cooperation, as well as managing oil resources under constitutional and legal frameworks.


Al-Mandalawi called for continued coordination between Baghdad and Erbil on energy and oil issues, including production and investment plans aimed at meeting domestic needs and increasing public revenues, his office said.

The two sides also agreed to establish clear schedules for addressing unresolved issues and monitoring their implementation. The statement did not specify deadlines or announce a final settlement.

The talks follow a March 2026 agreement between Baghdad and Erbil to export crude from Kirkuk and Kurdistan Region of Iraq (KRI) fields through the Region's pipeline to Turkiye's Ceyhan port, with proceeds transferred to the federal treasury.

https://www.shafaq.com/en/Iraq/Baghdad-Erbil-agree-on-energy-dispute-timelines?utm_source=chatgpt.com

💱🚀 Decoding the Three Zeros: A Structured Path Toward Future Currency Strength 📊✨

 


🇮🇶🚀 AL-ZAYDI’S NEW ECONOMIC VISION: IRAQ PREPARES TO END THE ERA OF RENTIER ECONOMICS! 💵📊

🇮🇶🚀 AL-ZAYDI’S NEW ECONOMIC VISION: IRAQ PREPARES TO END THE ERA OF RENTIER ECONOMICS! 💵📊

🏛️ 1. A NEW ECONOMIC IDENTITY FOR IRAQ

Prime Minister Ali Faleh al-Zaidi has introduced a new economic vision aimed at transforming Iraq from a rentier economy dependent on oil revenues into a productive economy driven by investment, diversification, and private-sector growth.

According to Prime Minister’s economic advisor Muzhir Muhammad Salih, this represents an important step toward reshaping Iraq’s economic future.

🛢️ 2. MOVING BEYOND OIL DEPENDENCE

Salih emphasized that Iraq must reduce its dependence on oil revenues by:

  • Diversifying national income sources.

  • Encouraging domestic and foreign investment.

  • Expanding private-sector participation.

  • Increasing industrial and agricultural production.

  • Growing exports and creating employment opportunities.

The objective is to build an economy capable of generating sustainable growth beyond oil revenues.

🏦 3. A SOCIAL MARKET ECONOMY

The economic advisor also highlighted the importance of developing a social market economy that balances:

🔹 Market freedom and private investment.

🔹 Government regulation and fair competition.

🔹 Essential public services.

🔹 Social justice and protection of citizens' rights.

The vision is not to eliminate government participation, but to establish efficient institutions alongside a stronger, productive private sector.

📈 4. TURNING OIL WEALTH INTO SUSTAINABLE DEVELOPMENT

One of Salih’s most important points was that Iraq must transform oil wealth from a source of government spending into an engine for long-term economic development.

He stressed that economic success should be measured by increased production, employment opportunities, exports, and improvements in citizens' living standards—not simply by the amount of oil revenue generated.

🧩 🇮🇶 MY OBSERVATION: CONNECTING THE DOTS!

This economic vision is particularly important when viewed alongside Iraq's broader monetary and financial reform agenda.

Moving from a rentier economy toward a productive economy requires more than changing currency denominations or adjusting the exchange rate.

It requires building the economic foundation that can support a stronger and more sustainable national currency.

Consider how these developments connect:

1️⃣ Economic diversification and reduced oil dependence.

2️⃣ Stronger private-sector investment and production.

3️⃣ Increased exports and foreign-currency earnings.

4️⃣ Modernized banking and financial infrastructure.

5️⃣ Greater confidence in the Iraqi dinar and monetary stability.

💡 Could Al-Zaidi's economic vision represent another important building block in Iraq's broader financial and monetary transformation as the country approaches 2027?

The relationship between economic productivity, currency stability, and future monetary reforms is worth watching closely.

🇮🇶💵 WATCH THE ECONOMIC TRANSFORMATION. FOLLOW THE CBI. CONNECT THE DOTS!

⚠️ This announcement describes an economic policy vision. It does not confirm a specific dinar revaluation (RV), exchange-rate adjustment, or activation date for the Delete the Zeros Project.

----

HIS ECONOMIC ADVISOR: AL-ZAYDI HAS PUT FORWARD A NEW VISION TO END THE ERA OF RENTIER ECONOMICS


Muzhir Muhammad Salih, the economic advisor to the Prime Minister, affirmed on Saturday that the government’s move towards drawing a new capitalist economic identity for Iraq represents a positive and important step, pointing to the country’s need to move from a rentier economy to a productive economy based on diversifying sources of income and encouraging investment.

Saleh said, “Regarding Prime Minister Ali Faleh al-Zaidi’s statement about the government working on drawing up a new capitalist economic identity for Iraq, this step is positive and important, especially since Iraq needs to move from a rentier economy to a productive capitalism based on diversifying the economy, encouraging investment, and enabling the private sector to create job opportunities and increase production and exports, which will enhance the national economy’s ability to achieve sustainable development,” according to the official agency.

He added that “the social market economy represents a framework for achieving a balance between market freedom and the role of the state in regulating competition, providing basic services, and ensuring social justice,” explaining that “what is required is not the withdrawal of the state from economic activity or its continued management of most economic activities, but rather the building of an efficient institutional state, a productive private sector, and a social system that protects the rights of citizens.”

Saleh pointed out that “the real challenge facing Iraq is to transform oil wealth from a source of spending and rent into a lever for sustainable development,” stressing that “the success of the economy should be measured by its ability to increase production, provide job opportunities and improve the standard of living of citizens, and not by the size of oil revenues alone.”


🇮🇶💵 IRAQ’S CURRENCY REFORM ROADMAP: STRENGTHEN THE DINAR BEFORE DELETING ZEROS! 🔎📊

🇮🇶💵 IRAQ’S CURRENCY REFORM ROADMAP: STRENGTHEN THE DINAR BEFORE DELETING ZEROS! 🔎📊

🏦 1. STRENGTHENING THE DINAR COMES FIRST

Economic researcher Dr. Safwan Qusay told Iraq Observer that Iraq must prioritize strengthening the value of the Iraqi dinar and restoring confidence in its currency before proceeding with any decision to remove zeros or replace banknotes.

📊 2. ECONOMIC REFORMS MUST COME BEFORE MONETARY CHANGES

According to Qusay, Prime Minister Ali Faleh al-Zaidi’s government is expected to implement comprehensive financial and economic reforms, including:

  • Diversifying Iraq’s sources of national income.

  • Strengthening the productive economy.

  • Improving monetary stability.

  • Reducing dependence on cash outside the banking system.

  • Combating currency counterfeiting.

💳 3. MOVING TOWARD A DIGITAL ECONOMY

Qusay also highlighted the importance of expanding electronic payments and using digital cards to improve financial oversight, monitor money flows, and bring more cash into the formal banking system.

💱 4. WHO DECIDES THE DINAR’S FUTURE?

The Central Bank of Iraq (CBI) remains responsible for monetary policy, determining the dinar’s value, and evaluating any future decisions involving:

  • Removing zeros (Delete the Zeros Project).

  • Replacing existing banknotes.

  • Adjusting the exchange rate.

These measures should follow the necessary economic and financial groundwork rather than being implemented independently.

🧩 🇮🇶 MY OBSERVATION: CONNECTING THE DOTS!

This statement reinforces an important distinction in Iraq’s monetary reform roadmap: strengthening the dinar’s economic foundation must come before changing its currency structure.

The sequence outlined by Dr. Qusay is particularly important:

1️⃣ Economic diversification and financial reforms.

2️⃣ Strengthening confidence in the Iraqi dinar.

3️⃣ Improving banking infrastructure and recovering cash into the banking system.

4️⃣ Establishing monetary stability.

5️⃣ Addressing the future of the currency, including the possibility of deleting zeros or changing banknotes.

💡 Could Iraq be laying the groundwork for the Delete the Zeros Project through these broader reforms?

The key development to watch is how the CBI and Al-Zaidi’s government coordinate economic restructuring, exchange-rate stability, and the future currency transition.

💵 WATCH THE CBI. FOLLOW THE REFORMS. CONNECT THE DOTS!

⚠️ The article describes an economist’s proposed reform sequence. It does not confirm an official launch date for the Delete the Zeros Project or an imminent dinar revaluation (RV).

-----

CURRENCY REFORM BEFORE REMOVING ZEROS: AN ECONOMIST TELLS IRAQ OBSERVER THAT THE ROADMAP IS TO STRENGTHEN THE VALUE OF THE IRAQI DINAR.

As discussions resurface regarding the future of the Iraqi currency and the possibility of removing zeros or replacing the dinar, the importance of prioritizing economic and monetary policies as a foundation for any future reform measures is paramount. There are strong assertions that strengthening the currency’s value and restoring confidence in it necessitates comprehensive financial and economic reforms that precede any decisions concerning the currency’s form or the number of zeros.


Economic researcher Dr. Safwan Qusay emphasized that determining the fair value of the Iraqi dinar and reconsidering the number of zeros in the currency fall under the purview of the Central Bank of Iraq’s monetary policy. He pointed out that proceeding with removing zeros or replacing the currency requires laying the appropriate economic groundwork and should not be done in isolation from the necessary reforms.


Qusay told Iraq Observer, “Monetary policy is responsible for determining the dinar’s value, while the government of Prime Minister Ali Faleh al-Zaidi is expected to implement a financial and economic reform program that contributes to diversifying income sources and strengthening the national economy. Achieving economic diversification is a fundamental prerequisite before proceeding with any move related to changing the currency or removing zeros.”

He added that “addressing the currency issue is not limited to changing its form or nominal value, but also requires taking measures to curb counterfeiting and help recover the cash holdings outside the banking system or abroad.” He pointed to the possibility of expanding the use of electronic cards in financial transactions as part of the transition to electronic payments and strengthening oversight of money flows.

He stressed that “the success of any monetary measure is linked to the progress of financial and economic reforms and the ability of the relevant institutions to provide the requirements for stability.” He explained that changing the exchange rate, removing zeros, or replacing the currency should come at a later stage, after completing the necessary foundations for reform.

This approach places comprehensive economic reform at the forefront of priorities, as it is the most important entry point for building confidence in the Iraqi dinar and strengthening monetary stability, while decisions regarding the future of the currency remain the prerogative of the Central Bank, based on economic indicators and the requirements of the next phase.


🇮🇶💵 IRAQ’S BUDGET, HCL & BANKING PREPARATIONS: JEFF, FRANK26 AND ARIEL SHARE THEIR LATEST OUTLOOK! 🔎📊

 🇮🇶💵 IRAQ’S BUDGET, HCL & BANKING PREPARATIONS: JEFF, FRANK26 AND ARIEL SHARE THEIR LATEST OUTLOOK! 🔎📊

Three important topics are generating discussion in the Dinar community: the timing of Iraq’s federal budget, the status of the Hydrocarbon Law (HCL), and claims that certain banks are preparing for a potential dinar revaluation.

🏛️ 1. JEFF: THE BUDGET COULD MOVE QUICKLY ONCE THE TIMING IS RIGHT

Jeff believes Iraq is working around a predetermined date for a potential exchange-rate change and that the country's actions must be coordinated with that timeline.

According to his explanation, this could also affect the timing of the federal budget. He compared the situation to the formation of the Iraqi cabinet, which took months of negotiations but was finalized quickly once the political agreement was reached.

Jeff believes the budget could follow a similar pattern: once the necessary agreements are in place and leadership is ready to move forward, the budget could advance to Parliament and receive approval very quickly.

His central point is that lengthy negotiations do not necessarily mean the final approval process will also take a long time.

🛢️ 2. FRANK26: THE HYDROCARBON LAW IS READY, ACCORDING TO HIS ASSESSMENT

On October 29, Frank26 described the Hydrocarbon Law as being in excellent condition and essentially ready for implementation.

Using a series of metaphors, he portrayed the HCL as a strong athlete and a superhero, emphasizing that, in his view, the legislation has no outstanding obstacles or major problems.

He further claimed that the law is sitting on the Iraqi Prime Minister's desk, ready to move forward.

This is an optimistic assessment from Frank26; however, it is important to distinguish his comments from an official government confirmation that the HCL has been approved or enacted.

🏦 3. ARIEL: CLAIMS THAT BANKS ARE ALREADY PREPARING FOR THE RV

Ariel stated that banks familiar with a potential revaluation do exist and described them as identifiable, operational financial institutions that have allegedly acknowledged the possibility internally and are preparing to receive dinar holders after a rate change.

According to Ariel, certain bank compliance departments have reportedly circulated internal memos to branch managers, flagging customers who hold Iraqi dinars for priority contact once a new rate becomes effective.

If independently verified, such preparations would be significant because they would suggest operational planning within the banking sector.

However, Ariel's statements about internal bank communications and customer databases have not been independently confirmed. They should be treated as claims, not proof that an RV has been approved or that banks have received official instructions from the Central Bank of Iraq.

🔎 CONNECTING THE DOTS

The federal budget, the Hydrocarbon Law, and banking readiness represent three different areas of Iraq's broader economic picture:

  • Budget: Political agreements and parliamentary approval.

  • HCL: Oil revenue distribution and federal-regional economic coordination.

  • Banking: Compliance procedures and potential readiness to process currency exchanges.

If progress in these areas continues, it could contribute to a stronger foundation for Iraq's economic and monetary reforms.

The important distinction is between preparations, expectations, and confirmed implementation. The next major developments to watch are official budget action, concrete HCL progress, and verifiable announcements from the banking sector.

🇮🇶💵 Connecting the dots—but waiting for official confirmation.

Note: Jeff's proposed exchange-rate timeline, Frank26's assessment of the HCL, and Ariel's claims about bank preparations are commentary and have not been established here as official Iraqi government, CBI, or bank announcements.

Iraq’s Dinar Watch: Reforms, Security & the RV Reality Check

 


🇮🇶🔫 IRAQ’S PM SETS JUNE 30, 2027 DEADLINE FOR STATE CONTROL OF ALL WEAPONS!

 🇮🇶🔫 IRAQ’S PM SETS JUNE 30, 2027 DEADLINE FOR STATE CONTROL OF ALL WEAPONS!

Prime Minister Ali al-Zaidi says Iraq aims to become free of armed factions, with weapons exclusively under state security forces.

🤝 Al-Zaidi says agreements have been reached with five factions to lay down their arms, with procedures completed for three.

🏛️ WHY IT MATTERS: Bringing weapons under government control could strengthen state authority and improve security. However, some armed factions still reject the government’s timetable.

💵 DINAR WATCH: Security and political stability are important factors in Iraq’s broader economic reform agenda, but this development does not confirm a dinar revaluation (RV).

🔎 Connecting the dots as Iraq works toward greater stability and reform! 🇮🇶✨

-----

Iraq will soon be free of armed factions, weapons under state control: Iraqi PM

RUDAW English

23-10-2026

ERBIL, Kurdistan Region - Iraqi Prime Minister Ali al-Zaidi said Friday that Iraq would soon be free of armed groups, with weapons exclusively in the hands of state security forces, as he defended his government’s fiscal measures and anti-corruption campaign.


In an interview with the state-run Iraqi Media Network (IMN), Zaidi said that "By June 30, 2027, no weapons will remain outside the framework of the state," adding that "Iraq will soon, God willing, be a state free of factions, like other countries in the world, and weapons will be exclusively in the hands of the Iraqi security forces.”


His remarks come amid continuing disagreements between the Iraqi government and powerful pro-Iran armed factions over Baghdad's efforts to bring all weapons outside state control under government authority.


The government initially sought to resolve the issue by September 30, coinciding with the end of the US-led coalition's military mission in Iraq, but later extended the deadline to June 30, 2027. Several Iran-backed factions have disputed the timetable, saying that no final agreement has been reached.


Under a 2024 agreement between Washington and Baghdad, the US military formally ended its Operation Inherent Resolve mission in Iraq on September 30, concluding a 12-year campaign against the Islamic State (ISIS) from within the country and shifting bilateral security cooperation to a new framework.


"The absence of foreign forces means the absence of the justification that was presented for carrying weapons outside the framework of the state," Zaidi said, emphasizing that "there is currently no American soldier in Iraq, neither within combat forces nor in the capacity of military advisors.”


Zaidi revealed that understandings have been reached with five factions to lay down their arms, saying that work has been completed with three of them. “Work is underway to complete procedures with two other factions in the coming period," he said. 


His remarks also come as armed factions remain divided over bringing weapons under state control. While Kataib Sayyid al-Shuhada offered conditional support for arms control frameworks, Harakat al-Nujaba and Kataib Hezbollah continue to reject compliance with the government's timetable.


The groups previously launched hundreds of drone and missile strikes under the Islamic Resistance in Iraq umbrella against American targets and diplomatic facilities.


 


Fiscal policy and disruptions to oil exports 


Turning to economic policy, Zaidi defended his cabinet's recent adjustments to the national currency's value against the US dollar to safeguard public finances.


"The choices before the government were all difficult, but we had to take the necessary measures to protect the financial situation," the prime minister stated, noting that "the mistake was not in the government's decision to raise the dollar exchange rate, but in the previously taken decision to lower the exchange rate.”


The new exchange rate comes amid mounting fiscal pressures, with Iraq recording a budget gap of more than 29 trillion dinars ($22.4 billion) in the first seven months of 2026, according to Finance Ministry figures published earlier this month.


In early October, Iraq’s Council of Ministers approved a de facto devaluation of the Iraqi dinar, raising the official exchange rate from 1,320 dinars per US dollar to 1,520 dinars per US dollar for final beneficiaries.


Alongside currency adjustments, Zaidi outlined long-term targets to diversify state income beyond the energy sector, stating that his government "aims to raise the contribution of non-oil revenues to 30 percent of total revenues over the remaining years of its term.”



Since the US-Israeli war against Iran began on February 28, Iraq has been working to restore oil revenues severely affected by disruptions to shipping through the Strait of Hormuz, the country’s principal oil export route.


Commenting on Tehran's actions in the maritime corridor, Zaidi stated that "the Iranian goal in closing the strait does not relate to Iraq specifically, but rather is to exert pressure by raising energy prices in global markets.”


Oil revenues account for at least 88 percent of Iraq’s total state income, while around 90 percent of its pre-war crude exports - approximately 3.5 million barrels per day - passed through the Strait of Hormuz via the country’s southern ports.


Addressing the impact of the Strait of Hormuz closure on Iraq’s crude exports, Zaidi stressed the need to overhaul the country’s export infrastructure to prevent similar disruptions in the future.


"The current crisis provided an important lesson for Iraq, and it must be utilized to build an integrated system for transporting and exporting oil, so the repercussions the country faced are not repeated," he said.


Baghdad has sought to mitigate the disruption by diversifying export routes, including resuming shipments of Kirkuk crude through the Kurdistan Region to Turkey's Ceyhan port and transporting smaller volumes by tanker trucks through Syria.


"The government has laid out a plan to gradually raise Iraqi oil production capacity... targeting a production of 10 million barrels per day by 2032," Zaidi stated.


Zaidi said closing the Iraqi-Iranian border would harm both countries, warning that such a move amid the current crisis would amount to Iraq imposing an economic blockade on itself rather than on Iran. “Closing the Iraqi-Iranian borders is not in the interest of Iraq nor in the interest of Iran,” he said.



Anti-corruption efforts


Zaidi addressed the personal and political toll of his administration's ongoing anti-graft drive, stating the continuation of Operation Dawn "will cost me the loss of many friends and loved ones.”


"An official is faced with two choices: either preserve their relationships and friends and overlook the people's money, or draw clear lines for everyone when it comes to public funds," he stated.


"The government adopted the principle of 'prevention is better than cure' and worked through the Federal Board of Supreme Audit and the Federal Commission of Integrity to weaken opportunities for corruption and prevent it from occurring in the first place," Zaidi said.


Zaidi's statements come months after Operation Dawn, a large-scale nationwide anti-corruption campaign launched in late June by the prime minister in coordination with the Federal Commission of Integrity (FCoI).


In late August, government spokesperson Haider al-Aboudi detailed the financial results of the crackdown in comments to state media.


"The value of the funds, assets, or real estate recovered within the framework of the anti-corruption campaign is estimated at over 1.359 trillion dinars (over one billion dollars)," Aboudi told state media at the time.

Iraq ranked 136th out of 182 countries and territories in Transparency International's 2025 Corruption Perceptions Index, scoring 28 out of 100.

https://www.rudaw.net/english/categories/iraq/1079861

🇮🇶🤝 BAGHDAD & KURDISTAN MOVE TOWARD RESOLVING ENERGY DISPUTES!

  🇮🇶🤝 BAGHDAD & KURDISTAN MOVE TOWARD RESOLVING ENERGY DISPUTES! The Iraqi federal government and the Kurdistan Regional Government h...