📌 Iraq Highlights – Digital Shift, Oil Issues & Law Progress – August 2025
💳 Digital Payments Help Stabilize the Dinar
PM Advisor Saleh confirms that Iraq’s expansion of electronic transactions is reducing speculation and unreal demand for the dollar.
Less cash trading in USD is leading to a stronger dinar on the parallel market.
Digital tools are playing a critical role in increasing transparency and limiting black-market manipulation.
🛢️ Oil & Salaries Crisis in Kurdistan Continues
Despite payment of May salaries, no oil is yet flowing through SOMO from Kurdistan.
The delay is blamed on drone attacks and security risks in oil fields, making exports unstable.
This underscores the ongoing need for security and stability before Iraq can proceed to the next economic phase.
⚖️ Oil & Gas Law: Real Progress at Last?
A new interim agreement between Baghdad and Erbil is being hailed as the first real step in decades toward the long-awaited Oil and Gas Law.
Leader Ahmed Al-Harki says the deal is a sign of restored trust and could finally lead to Parliament approvalof the law.
This law is crucial for Iraq’s long-term economic balance and revenue sharing.
✅ Final Note: Iraq Has Almost No Outstanding Debt
A quiet but powerful point: Iraq is now nearly debt-free — a strong foundation for future reforms and investor confidence.
