🇮🇶🔥 IRAQ’S BIGGEST REFORMS: WHERE DO THINGS STAND NOW?

 🇮🇶🔥 IRAQ’S BIGGEST REFORMS: WHERE DO THINGS STAND NOW?

📅 August 21, 2026

Iraq continues to make progress across several major economic, political, and security files—but not all reforms are at the same stage.

🔫 1️⃣ WEAPONS UNDER STATE CONTROL — 🟢 STRONG PROGRESS

🇮🇶 The government continues moving toward placing all weapons under state authority, with efforts to establish a legal framework regulating armed groups under the Commander-in-Chief of the Armed Forces.

🛡️ This remains one of Iraq’s most important sovereignty and security priorities.

🛢️ 2️⃣ HCL / FEDERAL OIL & GAS LAW — 🟠 STILL UNRESOLVED

The Federal Oil & Gas Law remains a major unfinished file between Baghdad and Erbil.

Key issues include:

💰 Oil-revenue distribution
🛢️ Production and exports
📜 Contract authority
🏦 Management of oil revenues
⚖️ Federal vs. regional control

Iraq is making progress in its broader oil strategy, but the HCL itself has not been fully approved.

🗺️ 3️⃣ ARTICLE 140 — 🔴 STILL UNRESOLVED

Article 140 remains one of Iraq’s longest-standing constitutional issues.

The process involves:

1️⃣ Normalization
2️⃣ Census
3️⃣ Referendum

📍 Kirkuk and other disputed territories remain central to the issue.

Despite ongoing discussions between Baghdad and Erbil, Article 140 has not been fully implemented.

💴 4️⃣ DELETE THE ZEROS — 🟡 MAJOR RENEWED ATTENTION

The Delete the Zeros project has returned to the center of Iraq’s monetary reform discussion.

Potential objectives include:

🏦 Bringing cash back into the banking system
🔎 Identifying large undeclared cash holdings
📊 Simplifying accounting
💳 Supporting electronic payments
💰 Reducing the size of monetary figures
🇮🇶 Modernizing Iraq’s currency structure

⚠️ IMPORTANT: Delete the Zeros by itself does NOT automatically equal an IQD revaluation. A redenomination could change the currency unit without increasing purchasing power.

🏦 5️⃣ BROADER ECONOMIC REFORM

Iraq continues working on:

💰 Non-oil revenue growth
🏦 Banking modernization
💳 Digital payments
🛢️ Oil-sector expansion
⚡ Electricity development
☀️ Solar energy
🚫 Anti-corruption
🌍 International economic integration

🔥 THE BIGGER PICTURE

Iraq is clearly working through major structural reforms, but several important files remain unfinished.

📊 CURRENT STATUS:

🔫 State control of weapons — 🟢 High progress
💴 Delete the Zeros — 🟡 Medium / developing
🛢️ HCL — 🟠 Still pending
🗺️ Article 140 — 🔴 Unresolved
🏦 Banking reform — 🟢 Ongoing
🌍 International integration — 🟢 Gradual progress

👀 KEY DEVELOPMENTS TO WATCH:

1️⃣ CBI confirmation on Delete the Zeros
2️⃣ Parliamentary action on weapons legislation
3️⃣ Progress on the HCL
4️⃣ Movement on Article 140
5️⃣ Any official CBI decision regarding the exchange-rate regime

🇮🇶💱 The key question is no longer simply whether Iraq is reforming—but how quickly these reforms move from announcements to actual implementation.

⚠️ NOTE: This overview does not constitute confirmation of an IQD revaluation. Any exchange-rate change must be officially confirmed by Iraqi authorities and the Central Bank of Iraq.

🔗📢 FOLLOW & JOIN OUR COMMUNITY

📌 TELEGRAM: https://t.me/DINAREVALUATION

📌 X (TWITTER): https://x.com/DinarWatchTeam

📌 BLUESKY: https://bsky.app/profile/dinaresgurus.bsky.social

#Iraq #IraqNews #IraqiDinar #IQD #DeleteTheZeros #HCL #Article140 #IraqReforms #EconomicReform #MonetaryReform #CBI #IraqEconomy #StateControl #BankingReform #IQDRevaluation

Iraq wants to delete zeros from the dinar but will this help its economy?

🔗📢 FOLLOW & JOIN OUR COMMUNITY

📌 TELEGRAM: https://t.me/DINAREVALUATION

📌 X (TWITTER): https://x.com/DinarWatchTeam

📌 BLUESKY: https://bsky.app/profile/dinaresgurus.bsky.social

Your Quick Guide to Level 4B Redemption #iqd #iqdrate #iraqidinar

 

🔗📢 FOLLOW & JOIN OUR COMMUNITY

📌 TELEGRAM: https://t.me/DINAREVALUATION

📌 X (TWITTER): https://x.com/DinarWatchTeam

📌 BLUESKY: https://bsky.app/profile/dinaresgurus.bsky.social

🔥🇮🇶 Iraq’s Economic Reset: Fighting Corruption and Building a Stronger Economy

🏛️📊 State Economic Integration

The government of Prime Minister Ali Faleh al-Zaidi is implementing a financial reform program aimed at rationalizing public spending while diversifying revenue sources and reducing Iraq's long-standing dependence on oil.

The Ministry of Public Finance is under increasing pressure to provide the liquidity needed to cover public expenditures, which currently total approximately 7.8 trillion Iraqi dinars. Officials argue that this spending level is not excessive relative to the size of Iraq's economy. Instead, they point to systematic corruption, which for years has diverted more than half of the state's revenues.

---

💰 Combating Corruption And Recovering State Resources

Government security operations targeting corruption have uncovered enormous sums of money seized from individuals who have been arrested, while investigations into additional suspects remain ongoing.

Beyond fighting corruption, increasing state revenues requires practical reforms and legislation that do not place additional financial burdens on Iraqi citizens, who continue to bear the consequences of previous economic policies.

---

🏢 Tax Collection And Government Automation

Among the proposed solutions is the collection of taxes owed by both foreign and domestic companies.

The government also seeks to expand electronic automation across public institutions to:

• ✅ Reduce financial waste.
• ✅ Eliminate duplicated administrative processes.
• ✅ Improve legal and transparent fee collection.

Officials argue that revenues should be collected directly by the state rather than being shared with private investors, as has occurred in some electricity privatization projects.

---

💳 Auditing Loans And Government Contracts

Authorities also stress the need to review outstanding advances and loans granted to companies and individuals to ensure that public funds are recovered whenever appropriate.

In addition, they are calling for a comprehensive review of collection contracts within state institutions to determine how revenues are divided between the government and private investors.

Some existing contracts reportedly allocate 75% of revenues to investors while leaving only 25% for the state, raising questions about whether these arrangements reflect fair compensation or are the result of corruption.

---

📈 Improving Iraq's Investment Environment

Another challenge highlighted is the existence of multiple laws and regulations that conflict with Iraq's investment legislation.

Officials believe these conflicting rules create uncertainty for investors instead of encouraging investment and generating additional government revenue.

---

❓ Where Do The Solutions Lie?

The report raises an important question:

Should Iraq focus primarily on:

• 🏛️ Institutional reform?
• ⚖️ Fighting corruption without political interference?
• 💵 Centralizing control over all state revenues?
• ✅ Or pursuing all of these objectives simultaneously?

---

🤝 An Integrated Economic Strategy

According to the report, the strength of Iraq's economy depends on close coordination between the country's security, economic, and political institutions.

Political leadership, it argues, should create the conditions necessary for the success of the institutions responsible for managing the nation's economy and improving citizens' quality of life.

---

⚠️ Closing The Gaps

The report concludes that as long as corruption continues to prevent these institutions from working together effectively, meaningful economic reform will remain difficult.

Public funds, it warns, will continue to disappear through projects that fail to deliver real economic returns, leaving Iraq dependent on oil as its primary source of income rather than building a diversified and sustainable economy.

🔗📢 FOLLOW & JOIN OUR COMMUNITY

📌 TELEGRAM: https://t.me/DINAREVALUATION

📌 X (TWITTER): https://x.com/DinarWatchTeam

📌 BLUESKY: https://bsky.app/profile/dinaresgurus.bsky.social