▼

Thursday, March 26, 2026

🔹 Highlights – Iraqi Parliament Session 14 Resolution

🔹 Highlights – Iraqi Parliament Session 14 Resolution

  • The Iraqi Parliament issued an 8-point resolution focused on restoring and strengthening oil exports via the Ceyhan pipeline.
  • The government is required to secure alternative oil sales channels to protect the economy and ensure salary payments.
  • Parliament expressed readiness to support fast-track decisions to stabilize oil revenue.
  • Baghdad must centralize control over oil production, transport, and distribution nationwide.
  • A long-awaited Oil and Gas Law is prioritized for approval in the upcoming government program.
  • Implementation of the ASYCUDA system across all regions, including Kurdistan, to modernize customs and revenue tracking.
  • Plans to rehabilitate the Kirkuk–Ceyhan pipeline route to resume exports efficiently.
  • Commitment to equal salary payments in the Kurdistan Region, improving internal financial stability.

💡 Impact on the Potential Iraqi Dinar Revaluation

This resolution is highly significant for the potential revaluation of the Iraqi dinar because:

1. Oil Revenue Stability = Stronger Currency Foundation

Oil exports are Iraq’s main income source.
By restoring pipelines and ensuring continuous exports, Iraq strengthens its foreign reserves, a key requirement for any currency value adjustment.

2. Centralized Control Builds Investor Confidence

Unifying control over oil production and distribution reduces internal disputes (especially with Kurdistan), which:

  • Improves economic transparency
  • Builds international trust

👉 Both are critical factors before any revaluation.

3. Oil & Gas Law = Major Missing Piece

The push to finally pass the Oil and Gas Law is huge.
This law has long been considered a cornerstone reform needed to:

➡️ Its approval could remove a major barrier to currency reform.

4. Modern Financial Systems (ASYCUDA)

Implementing systems like ASYCUDA helps Iraq:

  • Track imports/exports accurately
  • Reduce corruption
  • Increase government revenue

👉 This aligns with global financial standards—another key step toward currency strengthening.

5. Internal Stability Supports Monetary Reform

Ensuring salary payments (especially in Kurdistan) reduces political tension and economic uncertainty.
A stable internal environment is essential before any major monetary shift.

🔑 Bottom Line

This resolution signals that Iraq is actively working on:

  • Economic stability
  • Oil revenue optimization
  • Financial system modernization

➡️ All of these are foundational steps that support the conditions needed for a potential Iraqi dinar revaluation—even if they don’t trigger it immediately.

🔗 Follow & Stay Updated

🌐 BLOG: https://dinarevaluation.blogspot.com/
📲 TELEGRAM: https://t.me/DINAREVALUATION
📘 FACEBOOK: https://www.facebook.com/profile.php?id=100064023274131
🐦 TWITTER (X): https://x.com/RevalHub
📺 YOUTUBE: https://www.youtube.com/@DINARREVALUATION

------------ 

(WAA) PUBLISHES THE HOUSE OF REPRESENTATIVES’ DECISION DURING SESSION 14

The House of Representatives issued an 8-point resolution today, Wednesday, during session number (14) dedicated to discussing oil exports via the Ceyhan pipeline.

The media department of the House of Representatives stated in a statement received by the Iraqi News Agency (INA) that the decision of the House of Representatives during session (14) includes the following:

First: Obliging the federal government to find outlets for selling Iraqi crude oil in order to avoid the economic effects that could plague the country and affect – under the security conditions – the people’s livelihood and the salaries of employees throughout Iraq.

Second: The Iraqi Parliament is prepared to vote on any resolution that helps the government achieve what was stated in paragraph one.

Third: The federal government must impose its administration on all sources of production, transportation and distribution.

Fourth: Obliging the federal government to implement the ASYCUDA system in all governorates of Iraq, including the governorates of the Kurdistan Region.

Fifth: The upcoming government program should include the enactment of an oil and gas law within a specified period, and it should be presented to the House of Representatives for voting.

Sixth: Obliging the federal government to supply government factories and the private sector with black oil; in order to avoid an increase in stockpiles in refineries, to ensure the continuity of refinery operations, and to avoid the shortage that occurs in petroleum products.

Seventh: Obliging the federal government to rehabilitate the Iraqi line passing from Kirkuk to western Mosul – Zummar – Fishkhabur towards Ceyhan.

Eighth: Obliging the federal government to pay the salaries of employees in the Kurdistan Region in the same manner as employees in the Iraqi governorates in general.

at