Tuesday, January 6, 2026
Atrushi: The oil and gas law must be passed as soon as possible
Atrushi: The oil and gas law must be passed as soon as possible
The second deputy speaker of the Iraqi parliament, Farhad Atrushi, indicated that so far more than 40 people have nominated themselves for the position of president of the republic, but the two parties, the Democratic Party and the Patriotic Union, do not have a candidate. He stressed that in order to solve the financial problems and implement federalism, the oil and gas law must be passed as soon as possible. At the same time, regarding the parliamentary committees, he said: The committees are formed temporarily.
On Sunday, January 4, 2026, during his participation in the "Today's Talk" program on Kurdistan24, Atroushi said: In Iraq, the parliament is the center of the political process and the center for making important decisions, so maintaining the position of Deputy Speaker of Parliament for the Kurds is very important.
He added: “Today the new parliament held its first session, during which I submitted a proposal that the parliament’s presidency should have special legislative authority for the next four years, in order to have clarity in the implementation of laws and the identification of important laws. They also welcomed the proposal.” He also said: “In the next session, we will decide on the general outlines of the parliament’s policy and form a special committee.”
He continued: “The oil and gas law must be issued in order to implement fiscal federalism, because a large part of Iraq’s revenues are provided through oil and gas, and without implementing the law and the constitution, no problem will ever be solved, and the constitution must be the arbiter.”
He added, "So far, more than 40 people have nominated themselves for the presidency, and we expect that number to increase tomorrow, but neither of the two main parties has yet put forward a candidate for the position." He also stressed that the Kurds must be united on the issue of the presidency and have a single position.
He went on to say: "Tomorrow we will form a committee to lay some foundations and monitor the distribution of parliamentary committees," and said: The distribution of parliamentary committees should be temporary only to carry out the work of parliament until the new government is formed. link
MNT GOAT: 🇮🇶 Iraq Budget Reform: Can Iraq Remove Oil From the Budget?
🇮🇶 Iraq Budget Reform: Can Iraq Remove Oil From the Budget?
A Bold Reform Path or a Calculated Step Toward Monetary Independence?
😊 A Bold Question Worth Asking
A recent Iraqi article sparked a powerful debate with its striking title:
“Calls to Remove Oil from the Budget: A Bold Reform Path or a Gamble That Could Undermine Iraq’s Financial Stability?”
This is not just a headline — it’s a direct challenge to decades of economic dependence.
The article reminds us that the constitutional phrase “oil belongs to the people” has slowly transformed from a foundation of economic justice into a slogan invoked only during crises, without ever being fully reflected in Iraq’s economic structure.
As 2026–2028 budget discussions approach, the question resurfaces with urgency:
Can Iraq really build a national budget without oil revenues?
🛢️ Iraq’s Oil Dependency: Strength or Structural Risk?
For decades, Iraq’s economy has relied almost entirely on oil revenues. While oil has funded reconstruction and salaries, it has also created:
Budget volatility
Political leverage vulnerabilities
Exposure to global price swings
Delayed diversification
Oil has been both a lifeline and a liability.
🔄 Can Iraq Remove Oil from the Budget?
The honest answer: Yes — if they truly choose to.
Iraq already possesses:
Massive natural resources
Strategic trade positioning
A growing banking and digital finance framework
Untapped taxation and customs potential
Non-oil sectors ready for activation
What’s required is unity, discipline, and execution.
💰 Sovereign Wealth Funds: The Missing Link
One of the most powerful ideas raised is this:
What if excess oil revenues were placed into sovereign wealth funds instead of the annual budget?
Countries like Norway and the UAE have proven that:
Oil can fund future generations
Budgets can operate independently
Currency stability increases
Such funds could grow beyond imagination — but here’s the key insight for investors:
➡️ Iraq does NOT need this full wealth structure to reinstate the dinar.
💱 Currency Reform Is Part of the Plan
According to ongoing CBI discussions shared by MNT GOAT:
Reinstating the IQD to online and international trading
Reducing oil dependency in budget funding
Expanding non-oil revenue streams
These are interconnected steps, not separate ideas.
Removing oil from the budget is not possible without currency normalization — and vice versa.
🧠 Two Ways to Think: Half-Full or Half-Empty
This moment requires perspective.
Ask yourself:
Where was Iraq four years ago?
What progress has already occurred?
Has Iraq been moving forward — or backward?
Despite regional pressures and Iran’s influence, Iraq continues to advance.
Yes, there may be a short-term adjustment following the November elections, and yes, the effects may be felt briefly — but history shows Iraq fixes what is broken when pressure peaks.
⏳ Short-Term Noise vs Long-Term Direction
Temporary disruptions do not define outcomes.
The big picture shows:
Structural reform
Monetary realignment
Reduced dependency
Increased sovereignty
The RV is not canceled by noise — it is often preceded by it.
⭐ Featured Snippet
Removing oil from Iraq’s national budget is possible through diversification, sovereign wealth funds, and currency reform, allowing oil revenues to fund future stability rather than daily expenses.
❓ Q&A: Iraq Budget & Oil Reform
Q: Can Iraq really fund a budget without oil?
A: Yes, through diversification, taxation reform, trade, and monetary normalization.
Q: Why would Iraq remove oil from the budget?
A: To reduce volatility, strengthen sovereignty, and stabilize long-term planning.
Q: How does this relate to the Iraqi dinar?
A: Currency reinstatement is a key pillar in reducing oil dependency.
Q: Will elections delay reform?
A: Possibly short-term, but long-term direction remains forward.
🙏 A Closing Thought & 2026 Prayer
There is a prayer worth carrying into 2026:
To be healthy, wealthy, and wise.
Wise enough to recognize evil when it appears.
Wealthy enough to help those in need.
Healthy enough to enjoy family and the abundance God provides.
This journey is about more than money — it’s about stability, dignity, and future generations.
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MNT GOAT
There is yet another article that I thought was an amazing bold move of a thought process. Its title is “CALLS TO REMOVE OIL FROM THE BUDGET: A BOLD REFORM PATH OR A GAMBLE THAT COULD UNDERMINE IRAQ’S FINANCIAL STABILITY?” I quote from the article The phrase“oil belongs to the people”has been transformed from a constitutional text that is supposed to establish economic justice and sustainable development, into a slogan that is invoked during crises without actually being reflected in the structure of the Iraqi economy.
So, after decades of almost complete dependence on oil revenues, questions are mounting about the viability of a model budget void of oil revenues.” Can it actually be done?
As the 2026-2028 upcoming budget discussions approach, the debate resurfaces regarding the meaning of public ownership of oil, the limits of its use, and the possibility of moving towards a diversified economy that reduces dependence on a single resource of revenue that has proven to be as much a source of danger as a source of funding.
Can Iraq really remove oil revenues totally as a source of revenue to fund the budget? I will try to answer this question. Iraq with all its current resources can do this if they really, really wanted it, really came together and worked together, all in the same direction. Can you imagine the wealth of these excess oil revenues being placed in Sovereign Funds that could grow beyond our imagination. But we as investors do not need this level of wealth to get the dinar reinstated. In fact, to get the IQD back to online trading is part of the recipe of removing oil from the budget. It is all in the plan, so I am told by my CBI contact.
So, I need everyone to remember the two ways you can think. We can have our minds positive (half-full) or negative (thinking on the side of half-empty). Remember what Iraq as like just four years ago and this should give you a really good understanding that they are going to move ahead and not backwards, regardless of Iran. Yes, there may be a short, temporary ‘adjustment’ due to these crooked elections just held in November and it may be felt, but we must look at the big picture and know that all of this will be fixed somehow and I am sure of it. The RV will happen and we will be going to the bank shortly.
There is a prayer I pray each day. Let it be our 2026 prayer too to be Healthy, Wealthy and Wise. Being wise enough to know evil when you see it, wealthy enough to give to those in need, and of course healthy enough so you can enjoy our families from the abundance God gives us.
THE GLOBAL SMART CARD COMPANY ANNOUNCES THE LAUNCH OF A NEW INITIATIVE
THE GLOBAL SMART CARD COMPANY ANNOUNCES THE LAUNCH OF A NEW INITIATIVE
The global smart card company (K) announced the launch of a new initiative aimed at supporting merchants and stimulating business growth, starting from January 1, 2026, where a commission rate of (0%) will be applied to the merchant for all electronic payment transactions.
The company stated in a statement received by Mail that “the initiative includes all payments made through point-of-sale (POS) devices and the SuperKey application, without any deductions or hidden commissions, ensuring that the merchant retains the full profits of each sale transaction. “
She added that “this step comes within its strategy to promote financial inclusion, encourage the shift towards electronic payment, and provide a more transparent and profitable business environment for merchants in various sectors. “
The statement continued, “The company announced that it will provide payment devices free of charge to merchants wishing to join the Key system, with the possibility of easily registering via the SuperKey application.” She emphasized that “2026 will be a year of real growth and clearer profits for traders, in a partnership based on trust and continued support.”
ARIEL: 🇮🇶 Iraqi Dinar Update: We Are on the Edge of Life-Changing Events
🇮🇶 Iraqi Dinar Update: We Are on the Edge of Life-Changing Events
Why the Current Warnings May Signal Acceleration — Not Collapse
By Ariel (@Prolotario1)
🔥 I Love Where We Are Right Now
The atmosphere surrounding the Iraqi dinar has shifted dramatically — and not quietly.
Recent statements from Adil Alkuzay, Director of the Iraqi Observatory for Rights and Freedoms, urging citizens to rapidly convert dinar savings into U.S. dollars or gold, have sent shockwaves across economic forums and social media. His projection of a potential move toward 170,000 IQD per $100, and even 200,000 IQD, has been interpreted by many as a sign of looming disaster.
But history — and pattern recognition — suggest something very different.
⚠️ Understanding the Alkuzay Warning: Panic or Precursor?
Let’s be clear:
❌ This is not an official Central Bank of Iraq (CBI) statement
✅ It is a grassroots alarm reflecting fear of uncontrolled devaluation, sanctions, or delayed reform
Alkuzay’s comments appear rooted in:
Anxiety over parallel market pressure
Concerns about Iranian proxy influence
Fear of delays in Iraq’s long-telegraphed monetary pivot
Yet similar warnings have surfaced many times in history, often right before major upward currency events or stabilizations.
📉 Current Market Signals Inside Iraq
Since late December 2025 , whispers across Baghdad cafés and financial circles have intensified:
Black-market rates approaching 1,450 IQD/USD
Increased dollar demand
Public confusion fueled by social media speculation
This environment creates behavioral pressure, often intentional or opportunistic, to flush currency into the banking system.
🧠 Historical Precedents: When Panic Came First
🇰🇼 Kuwait (1990–1991)
After the Iraqi invasion:
Rumors claimed the Kuwaiti dinar was worthless
Citizens were urged to sell for pennies
March 1991: Kuwait revalued and issued new notes
➡️ Panic sellers lost. Holders were restored to parity.
🇹🇷 Turkey (2005 Six-Zero Lop)
2004 economists urged dollar conversions
Inflation fears dominated headlines
2005 redenomination stabilized the lira
➡️ Late movers lost on fees; holders benefited from reform.
🇿🇼 Zimbabwe (2006–2009)
Constant warnings to flee to gold or dollars
Multiple redenominations followed
➡️ Not collapse, but currency restructuring to reset systems.
🇻🇪 Venezuela (2018 & 2021)
“Float to zero” narratives dominated
Dollar flight surged
Governments recaptured liquidity before stabilization
🔁 The Pattern That Keeps Repeating
Across emerging markets, a familiar cycle appears:
Alarmist messaging
Public panic and currency dumping
Liquidity recaptured by banks
Policy launch or reform
Patient holders rewarded
These warnings often create compliance, not collapse.
Alkuzay’s statement fits this mold — adding urgency, not ending hope.
🏦 Why This Matters for the Iraqi Dinar
If large volumes of dinar are:
Returned to banks
Digitally traced
Removed from hoards
➡️ The CBI gains greater control, stronger reserves, and faster readiness for a policy shift — whether a managed float, redenomination, or rate adjustment.
🌍 Why Timing Feels Compressed Now
Global factors accelerating Iraq’s timeline:
Regional realignments
Weakening Iranian leverage
IMF pressure for transparency
Digital banking rollout
Trade settlement reforms
This is not 2015.
This is convergence.
⭐ Featured Snippet
Currency panic warnings often appear right before major monetary reforms, not collapses. In Iraq’s case, recent alarmist statements may be accelerating liquidity control ahead of a long-anticipated dinar adjustment.
❓ Q&A: Iraqi Dinar Update
Q: Is Iraq about to devalue massively?
A: There is no official CBI confirmation. Historical patterns suggest warnings often precede reform, not free-fall.
Q: Why would officials want people to convert dinars?
A: To move currency into traceable systems and strengthen reserve control.
Q: Has this happened before in other countries?
A: Yes — Kuwait, Turkey, Zimbabwe, and Venezuela all saw panic narratives before resets.
Q: Does this mean a revaluation is guaranteed?
A: Nothing is guaranteed, but the signals align with pre-event behavior, not abandonment.
🧭 Final Thoughts
This moment feels loud, uncomfortable, and emotionally charged — exactly how many historic turning points begin.
The noise is rising because movement is near.
I love where we are right now.
Stay grounded. Stay informed. Watch policy — not panic.
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Ariel
Iraqi Dinar Update: We Are On The Edge Of Life Changing Events
I Love Where We Are Right Now
The statement from the Director of the Iraqi Observatory for Rights and Freedoms Adil Alkuzay urging rapid conversion of dinar savings to dollars or gold ahead of a potential “float” or sanctions, projecting devaluation to 170,000 IQD per $100 and then 200,000 carries the weight of a calculated warning, rooted in fears of uncontrolled devaluation rather than the planned redenomination, but it underscores the urgency swirling around Iraq’s monetary pivot.
This isn’t the official CBI line; it’s a rights group’s alarm bell, reflecting grassroots anxiety over parallel market pressures and Iranian proxy influences that could exploit any delay pierced economic forums show similar whispers in Baghdad cafes since late December 2025, with black-market rates already edging toward 1,450 IQD/USD amid speculation.
Historical precedents abound where similar “dump the currency” warnings surfaced right before major upward shifts or stabilizations, often misinterpreted as collapse signals but actually preceding government interventions that rewarded holders.
In Kuwait’s 1990-1991 post-invasion period, black-market rumors of total dinar worthlessness (with calls to swap for dollars at pennies) peaked in early 1991, just months before the March 1991 revaluation and new note issuance that restored parity and punished panic sellers parallel to Iraq’s setup, where warnings flush hoarded dinars into banks for traceability.
Turkey’s 2005 six-zero lop saw 2004 warnings from economists urging dollar conversions amid inflation fears, yet the redenomination stabilized the lira and boosted confidence, with late exiters losing on exchange fees while holders benefited from simplified transactions.
Zimbabwe’s multiple redenominations (2006-2009) featured pre-event panics urging gold/dollar swaps, but each lop aimed to curb hyperinflation without full collapse holders who stayed positioned for post-reform growth, a nuance lost on panic narratives.
Venezuela’s own 2018 and 2021 zero-lops had similar pre-warnings of “float to zero,” driving dollar flights that governments used to recapture liquidity before stabilizations Maduro’s fall now reverses this for Iraq’s allies, compressing timelines.
These patterns repeat in emerging markets: alarmism peaks to create behavioral compliance, rewarding patient holders with the “new” rate’s advantages while punishing speculators Alkuzay’s post fits this mold, adding fuel to acceleration as public conversions bolster CBI reserves for an earlier launch.