🇮🇶 IRAQ ECONOMIC & CURRENCY UPDATE – NOVEMBER 6, 2026
💱 1. MP Reveals Exchange-Rate Calculation Error in 2027 Budget Draft
MP Mohammed Araboud says the draft federal budget contains a major error in its dollar exchange-rate calculations. The budget tables reportedly use the previous rate of 132,000 IQD per $100, while a recent Cabinet decision changed the rate by 20,000 dinars. He says the financial tables and projected revenues must be revised before the budget reaches Parliament. He also describes the handling of oil revenues as a longstanding unresolved issue.
🏛️ 2. Government Revises 2027 Budget Before Submitting It to Parliament
MP Jawad Rahim confirms that Parliament extended its legislative session to remain available for the arrival and approval of the 2027 federal budget. The government is still reviewing financial schedules and making additions and amendments before officially submitting the draft. Parliament is waiting to begin debate and voting once it arrives. The goal is to avoid another budget delay.
💵 3. Questions Over Citizens' Access to Dollars at the Official Exchange Rate
Dr. Basil Abbas Khudair examines why merchants and certain groups have access to dollars at the official rate while ordinary citizens, employees, and retirees face restrictions. He discusses proposals to allow part of salaries to be paid in dollars but warns this could increase dollarization, weaken the dinar's role, create currency shortages, and encourage smuggling and market instability.
He also highlights the gap between the official rate of 1,520 IQD per dollar and the reported parallel-market rate of approximately 1,670 IQD. The article refers to an announced arrangement involving $3 billion in dollar shipments for the remainder of the year, while noting that cash shipments had reportedly been suspended following regional developments.
📌 KEY TAKEAWAYS
Budget: Exchange-rate calculations reportedly need correction before parliamentary review.
2027 Budget: Government revisions are still underway, with Parliament waiting for the draft.
Currency Market: The reported parallel-market rate remains significantly above the official rate.
Dollar Supply: Restrictions on access to dollars and reported cash-shipment interruptions remain important concerns.
Monetary Reform: These developments highlight continuing challenges involving exchange-rate stability, dollar availability, and the Iraqi dinar's purchasing power.
🔗📢 FOLLOW & JOIN OUR COMMUNITY
📌 TELEGRAM: https://t.me/DINAREVALUATION
📌 X (TWITTER): https://x.com/DinarWatchTeam
📌 BLUESKY: https://bsky.app/profile/dinaresgurus.bsky.social
