🛢️ AL-SAABRI CALLS FOR ACTION: NEXT PARLIAMENT MUST PASS THE OIL & GAS LAW ⚖️
Iraqi MP Hussein al-Saabri has urged the next parliament to set aside political divisions and finally legislate the long-delayed Oil and Gas Law — a crucial step for the country’s economic future.
💬 Al-Saabri emphasized that implementing the law would:
Create a clear legal framework for managing oil and gas resources.
Ensure fair revenue distribution among all regions.
Reduce disputes over oil management and exports.
He warned that years of postponement have harmed Iraq’s national economy and stressed that true political will is now essential to secure economic stability and a balanced state budget
Massive Financial Shift: The Central Bank of Iraq has confirmed the launch of its long-awaited “zero-zero” project—removing zeros from the Iraqi dinar.
Global Impact: This move is set to reshape Iraq’s economy and enhance its standing on the world stage.
Economic Independence: Marks a shift from post-war recovery to a new era of financial autonomy.
"THE IRAQI DINAR WITHOUT ZEROS: THE CENTRAL BANK OF IRAQ
LAUNCHES A HISTORIC REFORM."
Written by Dr. Subhi Jabara
(Time to chill the champagne, get ready!) Read my lips, no better yet read Ali Al-Alag's lips. The Central Bank of Iraq has officially confirmed that it is moving forward with its long-awaited "zero-zero" project, a massive financial reform that will
fundamentally reshape the country's economy and its standing on the global stage. While the Central Bank has been careful not to commit to a specific timeline, the confirmation that the project has begun marks a pivotal moment for Iraq. This represents a transition from post-war recovery to a new era of economic
independence. Folks, Iraq is entering yet another stage, the final stage of financial reforms called the currency reform project. Yes, it is here NOW not later. The process has already begun. There is so much to talk today on another VERY recent article about removing the zeros. Let's all dive deeper into this recent news and
what it means to us. WOW! WOW! WOW! Our day will come, our day is here....
🪙 Iraq’s New Coins & Lower Denoms in Final Minting Stage! 💥🇮🇶
Walkingstick [Update from Banking Contact “Aki”]:
Tender Issued: Iraq has officially put out a tender for redesigning and minting new coins 💰
New Notes: Aki confirms the lower-denomination banknotes already exist — Iraqis voted on the designsweeks ago, including colors, size, shape, and security features. 🧾✨
Public Preview: The Central Bank of Iraq (CBI) released images three weeks ago, though they’re not yet posted on the official website. 👀
U.S. Treasury Collaboration: The CBI and U.S. Treasury
AKI: There is a tender out [in Iraq] asking for the redesign for these new coins to be minted. When you asked me if I have see the lower notes yet I told you yes, but I want you to know you have already seen them as well. We voted on these new notes. I was part of it.
The voting on the remnants, history, color, size, shape, security features, all of it...You saw them 3 weeks ago when the CBI released them. The design on those are exact. We don't know why they didn't put them on the CBI website yet.
AKI: The CBI has been working with the Unites States Treasury on this rendering. We worked on the design, but the Treasury is helped Iraq get them printed. These are the meeting topics we've been having with the CBI and many of your people. Trump is the one pushing all of this on us.
WALKINGSTICK: How long is it going to take to mint these coins? AKI: We actually have what we need but we are still minting. It's been being done for quite a while now, the coins, but we're finishing them up. I'm still waiting to see the rest of it.
💼 Iraq Eyes Creation of a Sovereign Wealth Fund 🇮🇶💰
“Wars Have Hampered It” — A Vision for National Investment and Growth
Prime Minister’s Advisor Mazhar Muhammad Saleh has proposed the establishment of an Iraqi Sovereign Wealth Fund (SWF) to invest domestically and fuel national development. 🌱
🏦 Key Points:
Purpose: Channel Iraq’s revenues into internal development projects — agriculture, industry, services, and infrastructure. 🧱
Structure: Managed through a joint public holding company linked to the fund.
Self-Sustaining Model: The fund’s profits will be reinvested into the Iraqi economy for continuous growth. 🔁
Historical Challenge: Iraq’s earlier financial surpluses (1980–2003) were depleted by wars and debt, preventing SWF creation. ⚔️
Current Position:
Iraq holds over $100 billion in Central Bank reserves, invested mostly in safe, low-yield instrumentslike U.S. Treasury bonds. 💵
These reserves are semi-liquid and
not classified as a sovereign wealth fund.
Global Comparison: Unlike Norway, Saudi Arabia, or China—whose SWFs invest globally for high returns—Iraq’s reserves remain conservative. 🌍
Saleh envisions a domestic-focused sovereign fund that could multiply Iraq’s income and help the country finally turn oil surpluses into sustainable national wealth. 🚀
