CBI CONTACT UPDATE : 🇮🇶💱 Iraq Currency & Reform Outlook

🇮🇶💱 Iraq Currency & Reform Outlook – CBI Contact Update

🏦 Economic direction & reform path

• 🇮🇶 Iraq is moving forward with major economic and financial reforms
• 📈 Focus on long-term financial stability and stronger governance
• 🏦 Continued strengthening of the banking system as a national priority

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💱 Monetary reform outlook

• 🔄 Ongoing discussions around currency restructuring and monetary modernization
• 💵 Possibility of future adjustments to the exchange rate framework
• 🌍 Long-term vision includes improving Iraq’s position in global financial systems

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📈 💱 Dinar value outlook (as stated in the CBI contact narrative)

• 🚀 The dinar is described as being in a gradual strengthening phase
• 📊 A future monetary reform is linked to the potential increase in the value of the dinar
• 💵 Any improvement in value is tied to economic stability and structural reforms
• 🏦 Strengthening of the banking system is seen as a key driver for currency confidence
• 📉 Inflation control and fiscal discipline are presented as supporting factors for value growth

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⏱️ Timelines & conditions

• 📊 Progress is described as dependent on:
  • political stability
  • economic reforms implementation
  • legal and institutional readiness
• 🚀 Expected movement tied to coordinated government and central bank actions

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🏛️ Key structural requirements

• ⚖️ Continued push to reduce corruption and improve transparency
• 🏗️ Implementation of key economic laws (including financial and oil-related reforms)
• 🏦 Strengthening coordination between financial institutions and government bodies

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📌 Overall outlook

• 🚀 Iraq is in a transition phase toward a more stable financial system
• 💱 Monetary and banking reforms are part of a broader national transformation
• 📊 Progress is viewed as gradual but moving toward structural modernization
• 🇮🇶 Long-term goal: a stronger, more stable and globally integrated economy

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AL-ZAYDI: ECONOMIC REFORM, ARMS CONTROL, AND E-GOVERNANCE ARE OUR GOVERNMENT’S TOP PRIORITIES

 AL-ZAYDI: ECONOMIC REFORM, ARMS CONTROL, AND E-GOVERNANCE ARE OUR GOVERNMENT’S TOP PRIORITIES

Prime Minister Ali Faleh al-Zaidi announced his government’s priorities on Thursday, while also calling on diplomatic missions to resume their work in Baghdad. The Prime Minister’s Media Office stated in a press release received by Mawazin News that “Ali al-Zaidi reviewed the new government’s ministerial program, emphasizing its determination to fulfill the aspirations of the Iraqi people, placing the citizen’s interest among its top priorities.” According to the statement, al-Zaidi said, “The path to reform begins from within by confronting corruption and administrative inefficiency.”

He indicated that he would face the challenges based on his belief in the capabilities and patience of the Iraqi people, transforming crises into opportunities and setbacks into milestones in making a difference to enhance services, build robust institutions, and propel Iraq towards e-governance and e-government. Al-Zaidi outlined his steps in “three tracks:  first, economic reform and development through economic diversification, genuine investment, and a sound financial and banking system; second, social development, establishing social justice, caring for the most vulnerable groups, protecting children, and empowering women; and third, reforming the security apparatus by monopolizing weapons in the hands of the state, strengthening the capabilities of the security forces, and consolidating their authority.” The citizen’s trust in democracy.”

He noted that “Iraq, with its deep-rooted civilization, human and cultural diversity, and the supreme religious authority it represents, qualifies us to stand and restore the government’s standing.” He called on all diplomatic missions to “return to their work in Baghdad,” and expressed his gratitude to the government of Mohammed Shia’ al-Sudani.

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AL-ZIDI’S GOVERNMENT WINS THE CONFIDENCE OF THE HOUSE OF REPRESENTATIVES AND TAKES THE CONSTITUTIONAL OATH

AL-ZIDI’S GOVERNMENT WINS THE CONFIDENCE OF THE HOUSE OF REPRESENTATIVES AND TAKES THE CONSTITUTIONAL OATH

The House of Representatives granted confidence to the government of Prime Minister Ali al-Zidi on Thursday during a voting session attended by 270 members of parliament. The Prime Minister and the ministers who were voted on took the constitutional oath, signaling the official start of the new government’s duties.

The House of Representatives voted on 14 out of 23 ministries, namely:

14 ministerial portfolios in Ali al-Zaidi’s government have gained the confidence of parliament, with the remaining appointments postponed until after Eid al-Adha.

1- Voting unanimously for Faleh Al-Sari as Minister of Finance.

2- Voting by an absolute majority on Basim Muhammad Khudair as Minister of Oil.

3- Voting by an absolute majority for Mohammed Nouri Ahmed as Minister of Industry.

4- Voting by an absolute majority for Ali Saad Wahib as Minister of Electricity.

5- Voting by an absolute majority for Abdul-Hussein Aziz as Minister of Health.

6- Voting by an absolute majority for Sarwa Abdulwahid as Minister of Environment.

7- Voting by an absolute majority for Abdul Rahim Jassim as Minister of Agriculture. 

8- Voting by an absolute majority for Mustafa Nizar Jumaa as Minister of Trade.

9- Voting by an absolute majority for Khalid Shawani as Minister of Justice.

10- Voting by an absolute majority on Abdul Karim Abtan as Minister of Education.

11- Voting by an absolute majority to appoint Wahab Salman Mohammed as Minister of Transport.

12- Voting by an absolute majority for Fuad Hussein as Minister of Foreign Affairs.

13- Voting by an absolute majority for Mustafa Jabbar Sand as Minister of Communications.

14- Voting by an absolute majority for Muthanna Ali Mahdi as Minister of Water Resources.

The remaining portfolios are scheduled to be voted on after the Eid al-Adha holiday, and include the ministries of: Interior, Defense, Labor and Social Affairs, Immigration and Displacement, Reconstruction and Housing, Planning, Culture, Education, Youth and Sports, in addition to the deputy prime ministers.

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