RECENT TIDBITS FROM TEXAS SNAKE, JOHN RICE & MIKE BARA (ENGLISH & SPANISH)

📊 Rumor-Based Financial Updates – May 23, 2026 Highlights

---

🐍 Texas Snake / Wells Fargo Signal

• 🏦 A Wells Fargo banker allegedly indicated they will share important information by Sunday morning.
• ⏳ The message suggests an upcoming update, but no concrete details were provided.
• 📌 It is framed as a “pending disclosure” expected within hours.

---

📊 John Rice – Zurich / U.S. Treasury / Reno Developments

🇺🇸 U.S. Treasury & Zurich Activity

• 🏛️ Claims continue that the U.S. Treasury is still operating in Zurich in a “closed process.”
• 🔄 These operations are said to align with previously mentioned figures such as “Wolverine.”
• 📅 Monday, May 25 is described as a key date for activity in Zurich.

---

🚨 Reno Operational Events

• 🕙 “Trigger groups” reportedly began operations on Saturday, May 23 at 10:00 A.M. in Reno.
• 👥 The “Admiral group” is said to begin operations on Monday, May 25, 2026.
• ⚙️ These groups are described as part of a coordinated financial activation process.

---

🐳 “Whales” and Large-Scale Transfers

• 💰 Reports claim that several “whales” have already received access codes or payment codes.
• 🌍 Mentioned global movement locations include:
  • 🇨🇴 Colombia (large account transfers under escort)
  • 🇿🇦 South Africa (whale activity reported)
  • 🇲🇽 Mexico (exchange activity linked to Zurich)
• 🪖 Redemption centers are described as:
  • Located primarily in the United States
  • Allegedly secured by military forces
• 🏦 Banks are referenced as part of the distribution system.

---

📅 Key Claimed Timeline

• 🟡 Monday, May 25
  • Start of Admiral group operations in Reno
  • Possible code distribution to paymasters
• 🔵 Tuesday, May 26 (“D-Day”)
  • Alleged start of payments
  • Gradual rollout of funds across groups
• 💸 Multi-stage distribution process described across these dates

---

📦 Mike Bara – Reno Update (08:30 A.M.)

• 📦 Codes reportedly begin distribution from Reno on Saturday morning
• 🏦 Paymasters expected to receive codes by Monday
• 💰 Funds distribution allegedly begins Tuesday
• 🔄 Sequence described as: codes → paymasters → funding release

---

⚠️ Disclaimer:
This summary reflects unverified claims and circulating narratives within online communities and should not be considered confirmed financial or institutional information.

Follow & Join Our Community

📌 BLOG: https://dinarevaluation.blogspot.com/

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

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

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

------------

SPANISH

📌 Resumen ampliado – Sábado 23 Mayo 2026 (información en circulación)

---

🐍 Texas Snake / Wells Fargo

• 🏦 Una banquera de Wells Fargo Bank habría indicado que posee información importante que planea compartir el domingo por la mañana.
• ⏳ Se sugiere que la información podría estar relacionada con eventos financieros en curso, aunque no se han dado detalles concretos.
• 📌 El mensaje se presenta como una “prealerta” de actualización próxima.

---

📊 John Rice – Zúrich / Tesoro de EE. UU. / Reno

🇺🇸 Zúrich y el Tesoro

• 🏛️ Se afirma que el Tesoro de EE. UU. continúa operaciones en Zúrich, descritas como “procesos cerrados”.
• 🔄 Se menciona que estos procesos estarían alineados con información atribuida a “Wolverine”.
• 📅 Se indica que el lunes 25 de mayo habría presencia o actividad importante en Zúrich.

---

🚨 Reno – Activaciones y grupos

• 🕙 Se reporta que los llamados “grupos disparadores” habrían iniciado actividades el sábado 23 a las 10:00 A.M. en Reno.
• 👥 También se menciona la activación del “grupo del Almirante” programado para el lunes 25 de mayo 2026.
• ⚙️ Estos grupos se describen como parte de una estructura operativa relacionada con distribución o procesamiento de información financiera.

---

🐳 “Ballenas” / grandes movimientos financieros

• 💰 Se afirma que varias “ballenas” habrían recibido códigos de acceso o pago.
• 🌍 Se mencionan movimientos internacionales:
  • 🇨🇴 Colombia (traslados de grandes cuentas)
  • 🇿🇦 Sudáfrica (otra “ballena” en proceso)
  • 🇲🇽 México (ballena en Zúrich preparando canje)
• 🪖 Se indica que los centros de redención estarían:
  • Ubicados principalmente en EE. UU.
  • Custodiados por fuerzas militares según el relato
• 🏦 Bancos tradicionales serían parte del supuesto sistema de distribución.

---

📅 Fechas clave mencionadas

• 🟡 Lunes 25 mayo 2026
  • Inicio del grupo del Almirante en Reno
  • Posible entrega de códigos a pagadores
• 🔵 Martes 26 mayo 2026 (llamado “Día D”)
  • Inicio de pagos según el relato
  • Distribución de fondos a diferentes niveles de participantes
• 💸 Se describe un proceso escalonado de pagos durante estos días

---

📦 Mike Bara – Actualización desde Reno

📍 08:30 A.M. hora Reno

• 📦 Se afirma que los códigos comenzarán a distribuirse desde Reno el mismo sábado
• 🏦 Los pagadores recibirían estos códigos el lunes 25
• 💰 La distribución de fondos comenzaría el martes 26
• 🔄 Se presenta como una secuencia directa: códigos → pagadores → fondos

---

⚠️ Nota importante:
Este contenido corresponde a afirmaciones y narrativas circulando en redes dentro del ámbito especulativo/rumor financiero, sin confirmación oficial de instituciones bancarias, gobiernos o entidades financieras.

Iraq 2035: How Iraq Is Already Entering the First Phases of Strengthening the Iraqi Dinar

Iraq 2035: How Iraq Is Already Entering the First Phases of Strengthening the Iraqi Dinar

For years, many people have asked the same question:

Is Iraq truly preparing to strengthen the Iraqi dinar (IQD)?

Today, the evidence suggests that Iraq is no longer just talking about reform — the country is actively implementing the first phases of a long-term national transformation designed to strengthen its economy, modernize its financial system, reduce dependence on the U.S. dollar, and ultimately support a stronger and more stable Iraqi dinar.

The key to understanding this process is Iraq’s long-term strategic vision known as “Iraq 2035”.

This is not simply an economic plan.

It is a complete restructuring of how Iraq wants to operate financially, commercially, industrially, and monetarily over the next decade.

And importantly — many of the first phases are already happening right now.

---

The First Phases of IQD Strengthening Are Already Visible

One of the biggest misconceptions in the IQD community is that currency strengthening only means an overnight revaluation.

But historically, nations strengthen currencies in stages.

Before a currency gains long-term value and international confidence, the country must first build:

• economic stability,
• banking credibility,
• reserves,
• investment confidence,
• productive industries,
• and reduced dependency on foreign currencies.

That is exactly what Iraq is doing today.

---

Iraq Is Actively Reducing Dependence on the U.S. Dollar

One of the clearest signs of the early strengthening phase of the IQD is Iraq’s ongoing effort to reduce internal dollarization.

For years, Iraq heavily relied on physical U.S. dollars for:

• trade,
• savings,
• real estate,
• commercial transactions,
• and even everyday business operations.

But Iraq now understands that a sovereign economy cannot fully depend on another nation’s currency.

That is why the Central Bank of Iraq has already implemented major measures including:

• restricting unauthorized dollar transactions,
• tightening controls on the parallel dollar market,
• increasing electronic payment systems,
• expanding digital banking,
• encouraging domestic IQD usage,
• modernizing SWIFT banking systems,
• improving anti-money laundering compliance,
• and pushing businesses toward dinar-based transactions.

These are not random policies.

These are foundational monetary reform measures.

And they represent the first structural stages of strengthening confidence in the Iraqi dinar.

---

Iraq 2035 Is Designed to Build a Stronger National Currency

The Iraq 2035 vision aims to transform Iraq from an oil-dependent economy into a diversified economic power.

Why is this important for the IQD?

Because currencies become stronger when they are supported by:

• productive economies,
• diversified revenues,
• industrial output,
• investment flows,
• and strong financial systems.

Right now, Iraq still depends on oil for nearly 90% of government revenues.

That creates vulnerability.

If oil prices fall:

• government revenues collapse,
• deficits rise,
• pressure increases on foreign reserves,
• and the national currency becomes weaker.

Iraq 2035 is specifically designed to solve this problem.

---

Iraq Plans to Diversify Beyond Oil

Under Iraq 2035, the government plans to massively expand non-oil sectors including:

Infrastructure

• highways,
• railways,
• logistics corridors,
• ports,
• fiber optics,
• and transportation systems.

Industry

• petrochemicals,
• fertilizers,
• manufacturing,
• building materials,
• processing industries,
• and industrial zones.

Agriculture

• food production,
• irrigation modernization,
• agricultural technology,
• and food security projects.

Energy

• solar energy,
• gas capture,
• electricity modernization,
• and energy independence.

Private Sector Expansion

• foreign investment,
• private enterprise,
• entrepreneurship,
• banking expansion,
• and financial markets.

The more Iraq produces internally, the stronger its economic foundation becomes.

And stronger economies usually support stronger currencies.

---

The Development Road Project Could Transform Iraq Financially

One of the most important parts of Iraq 2035 is the Development Road Project and the expansion of the Grand Port of Al-Faw.

This project aims to turn Iraq into a global commercial corridor connecting:

• Asia,
• Europe,
• Turkey,
• the Gulf,
• and the Mediterranean.

If successful, Iraq could generate billions in:

• transit fees,
• logistics services,
• trade revenues,
• transportation income,
• and regional commerce.

This matters tremendously for the IQD because it creates:

• non-oil revenue,
• foreign investment,
• economic activity,
• and long-term financial stability.

---

Iraq Is Also Modernizing Its Banking System

A weak banking system weakens a currency.

Iraq knows this.

That is why the country is aggressively modernizing:

• banking infrastructure,
• electronic payment systems,
• digital finance,
• international banking compliance,
• and monetary controls.

The government is also attempting to reduce the cash economy and improve financial transparency.

This is extremely important because:

• modern financial systems increase confidence,
• attract international capital,
• reduce corruption,
• and strengthen monetary control.

All of these factors help support a stronger national currency over time.

---

Iraq Wants the Economy to Support the State — Not the Other Way Around

Prime Minister Ali Faleh al-Zaidi recently made a very important statement:

“We want the economy to run the state.”

This reflects a major philosophical shift inside Iraq.

For decades:

• the government controlled almost everything,
• public salaries dominated the economy,
• and oil revenues funded nearly all state activity.

But Iraq 2035 aims to create a productive private-sector economy capable of generating:

• jobs,
• investment,
• exports,
• tax revenues,
• and long-term sustainable growth.

Countries with strong private sectors generally develop stronger and more stable currencies.

---

Why Many Believe We Are Watching the Early Stages of IQD Strengthening

When people look only for an overnight exchange-rate event, they often miss the broader transformation already underway.

The truth is:
many of the early phases of strengthening the Iraqi dinar are already happening.

We are already seeing:

• de-dollarization efforts,
• banking modernization,
• digital payments,
• tighter monetary controls,
• economic diversification,
• infrastructure expansion,
• foreign investment initiatives,
• anti-corruption financial reforms,
• industrial development,
• and long-term strategic planning.

These are not short-term actions.

These are foundational nation-building reforms.

And they are exactly the types of policies countries implement before achieving stronger monetary stability and greater international financial credibility.

---

Final Thoughts

Iraq 2035 is ultimately about building a new Iraqi economy.

A stronger dinar cannot exist without:

• a stronger banking system,
• diversified revenues,
• productive industries,
• foreign investment,
• monetary discipline,
• and economic confidence.

That is why many analysts believe Iraq is already in the first operational stages of a long-term IQD strengthening process.

The transformation is not happening overnight.

But step by step, Iraq appears to be laying the financial, economic, and monetary foundation for a more powerful and globally respected Iraqi dinar in the years ahead.

Follow the reforms closely — because the foundation phase may already be underway.

Follow & Join Our Community

📌 BLOG: https://dinarevaluation.blogspot.com/

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

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

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

-----

PM Al-Zaidi: Iraq Must Diversify Economy and Ensure Timely Salary Payouts

The Iraqi Prime Minister Ali Faleh al-Zaidi emphasized that the country "cannot continue to rely on oil alone" and stated that employee salaries must be disbursed punctually to prevent unnecessary public concern.

Al-Zaidi presided over a high-level meeting with Ministry of Finance officials on Saturday to evaluate the progress of ministerial, executive, service, and economic programs.

The Prime Minister’s Media Office stated that al-Zaidi underscored Iraq's critical 90% dependence on volatile oil revenues, emphasizing the urgent need to expand the non-oil economy and maintain absolute transparency with citizens regarding financial challenges.

He reviewed performance reports and highlighted that international developments have placed Iraq in a highly sensitive economic and financial position.

Economic Diversification and Strategic Use of Iraq’s Geopolitical Position

During the meeting, al-Zaidi indicated that the Ministry of Finance is tasked with outlining Iraq's fiscal policy as the government actively develops the Iraq 2035 strategic plan.

“The ministry must have a clear vision, and the budget should be a map for the future,” he added.

Al-Zaidi said that the country "cannot continue to rely on oil alone," adding that the budget must maximize revenue generation.

Regional conflict and the closure of the Strait of Hormuz have reduced Iraq’s oil production to 1.4 million barrels per day, forcing a shift toward domestic refining and northern export alternatives.

He underlined that Iraq serves as a global crossroads and stated the need to leverage its strategic geographic position to strengthen national resilience.

Shift Towards Private Sector Empowerment

The Prime Minister further said that to drive economic growth, the state is shifting away from traditional financial concepts that prioritize routine operational spending over actual national development.

Instead, he added, the government aims to adopt a regulatory and oversight role that actively empowers the private sector to spearhead long-term economic progress. 

“There is a concept that the state runs the economy, but we want the economy to run the state. If the concepts are changed, we will not have to change people,” he remarked. 

Timely Salary Payments and Calls for Federal-KRG Cooperation

Regarding the financial entitlements of public sector employees, al-Zaidi said that “employees' salaries should be released on time so there is no message of concern to the people, including the salaries of the Social Security Network.”

This statement comes as the salary issue remains one of the most critical points of contention in Erbil-Baghdad relations.

During their meeting in Baghdad today, Kurdistan Region Prime Minister Masrour Barzani and al-Zaidi stressed the need for a definitive, constitutionally based solution that fully respects the Kurdistan Region’s federal status.

Both parties “agreed on the importance of strengthening cooperation and coordination between the federal government and the KRG to resolve differences and overcome challenges.”

https://channel8.com/english/news/58551

FRANK26….5-22-26….SHIFT

 

Follow & Join Our Community

📌 BLOG: https://dinarevaluation.blogspot.com/

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

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

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

⚠️ Iraq is learning the hard way why economic diversification was necessary 🛢️📉

 Iraq has not submitted any formal request for a new loan facility from the International Monetary Fund (IMF), the Financial Advisor to the Prime Minister, Mazhar Mohammad Salih, confirmed on Saturday.

The financial advisor underscored the extreme economic headwinds confronting Baghdad due to escalating regional warfare. Read more: https://channel8.com/english/news/5

------

⚠️ Iraq is learning the hard way why economic diversification was necessary 🛢️📉

Iraq’s current situation sends a very clear message: relying almost entirely on oil revenue eventually becomes a major vulnerability. While the government stated that it has not requested a new IMF loan, the economic pressure the country is facing shows just how fragile an economy can become when most of its income depends on a single resource. 🌍🔥

Regional tensions, risks to oil exports, and growing geopolitical uncertainty are putting Baghdad under serious financial pressure. And right now, Iraq is seeing in real time why experts and officials have long warned about the urgent need to diversify the country’s sources of income. When oil becomes the main pillar supporting the state, any external shock can threaten salaries, subsidies, currency stability, and public investment. 💸 ⚡

Iraq is now learning this lesson the hard way. For years, oil wealth allowed structural reforms to be delayed, but today’s regional instability is forcing the government to move faster on economic transformation. That is why leaders within the government, including the direction pushed by Mohammed Shia Al-Sudani, are increasingly focusing on diversifying revenues ASAP by investing in sectors such as infrastructure, industry, energy, logistics, agriculture, and tourism. 🏗️🌱🚢

The bigger lesson is simple: oil can generate wealth, but it does not guarantee long-term stability. Countries that fail to diversify while they still have strong resource income often become extremely vulnerable once a major crisis hits. Iraq is now experiencing that reality firsthand. ⏳🌎

Follow & Join Our Community

📌 BLOG: https://dinarevaluation.blogspot.com/

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

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

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

#Iraq #Economy #Oil #Geopolitics #IMF #MiddleEast #EconomicCrisis #Energy #GlobalEconomy #Diversification #Finance #Markets

8544

🧭 Erbil–Baghdad Issues & the Hydrocarbon Law (HCL): What It Really Means for Iraq 🇮🇶

 CHANNEL8

Masrour Barzani met with Mohammed al-Halbousi in Baghdad, during which the leader of the Taqaddum Party stressed his party's “support for the constitutional rights of the people of Kurdistan” and the resolution of Erbil-Baghdad issues.

---

🧭 Erbil–Baghdad Issues & the Hydrocarbon Law (HCL): What It Really Means for Iraq 🇮🇶

Many times when people talk about “resolving the Erbil–Baghdad issues,” they are referring to progress toward or a final resolution of the Hydrocarbon Law (HCL) ⚖️.

The HCL would essentially serve as Iraq’s national legal framework for oil and gas, defining:

• 🛢️ Who controls Iraq’s oil and gas resources
• 💰 How oil revenues are shared between the federal government and the Kurdistan Region
• 🏛️ The level of autonomy the Kurdistan Region has in energy decisions
• 📑 How oil contracts with international companies are structured and approved
• 📊 How the federal budget is distributed between Erbil and Baghdad

This is why the issue has remained one of the most important and long-standing disputes in Iraq. The core tension between the federal government and the Kurdistan Region is largely centered on oil management and revenue distribution.

However, the “Erbil–Baghdad issues” are broader than just the HCL. They also include:

• 💵 Delayed or disputed salary payments for the Kurdistan Region
• 🧾 Federal budget allocations and approvals
• 🚛 Oil exports through Turkey (Ceyhan pipeline)
• 🔁 Revenue-sharing mechanisms and financial transfers
• 🚧 Control of borders and customs revenue
• 🗺️ Disputed territories such as Kirkuk
• 🤝 Broader political and constitutional agreements between both sides

Because of this, many analysts view the Erbil–Baghdad relationship as a key pillar of Iraq’s overall stability.

---

💬 Personal opinion:

It is also well analyzed that the HCL is not fully functional or sustainable without an appropriate and stable value of the Iraqi dinar. 

From this perspective, if such a law were implemented under the current exchange rate environment, it could create serious economic pressure, particularly in relation to de-dollarization efforts, liquidity management (reducing excessive cash circulation), the transition toward more controlled digital financial systems, and maintaining inflation within single-digit targets.

Follow & Join Our Community

📌 BLOG: https://dinarevaluation.blogspot.com/

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

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

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

---

#ErbilBaghdad #Iraq 🇮🇶 #HydrocarbonLaw #HCL #IraqOil 🛢️ #Baghdad #Erbil #EconomicStability 📊 #IraqiDinar 💹

HCL may need a stronger Iraqi dinar due to inflation, cash control & reform pressures #iqd #HCL#iraq

 

Follow & Join Our Community

📌 BLOG: https://dinarevaluation.blogspot.com/

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

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

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

WHEN WILL DOLLAR SHIPMENTS ARRIVE IN BAGHDAD? WASHINGTON IGNORES THE CENTRAL BANK, WHILE AL-ZIDI PRIORITIZES IT

 In my view, the government of Al-Zaydi has a key opportunity to rethink Iraq’s economic model and seriously consider proposals that strengthen the country’s financial sovereignty. Iraq’s dependence on the U.S. dollar exposes it to fluctuations in U.S. policy and external control mechanisms that can impact its economic stability.

Exploring alternatives that increase the use of the Iraqi dinar and reduce this dependency would not only be a step toward greater autonomy, but also toward a more balanced economy that is less vulnerable to external pressure. In that sense, any discussion about monetary diversification or strengthening the dinar should be seen as part of a broader strategy for national sovereignty and long-term stability.

Government Advisor discusses feasibility of using Dinar instead of Dollar for oil sales

https://ina.iq/en/economy/34207-government-advisor-discusses-feasibility-of-using-dinar-instead-of-dollar-for-oil-sales.html

---

WHEN WILL DOLLAR SHIPMENTS ARRIVE IN BAGHDAD? WASHINGTON IGNORES THE CENTRAL BANK, WHILE AL-ZIDI PRIORITIZES IT

The Asharq Bloomberg website published a report in which a senior Iraqi official, who declined to reveal his identity, stated that addressing the crisis of delayed dollar shipments from the United States to Baghdad, amounting to about $10 billion annually, will be among the priorities of Ali al-Zaidi’s government, in order to avoid destabilizing the exchange market in light of the sharp decline in oil exports due to the repercussions of the Iran war. He confirmed that the Iraqi authorities are trying to find out the reasons for the delay in the latest shipments, but the Central Bank has not yet received any response from the American side.

Earlier, the administration of US President Donald Trump suspended dollar shipments to Iraq and froze funding for security cooperation programs with Baghdad, pressuring it to dismantle Iranian-backed armed factions. The US Treasury Department blocked an air shipment of about $500 million in Iraqi oil revenues held in accounts at the Federal Reserve Bank of New York, according to the Wall Street Journal.

According to banking expert Mustafa Hantoush, speaking to Asharq Bloomberg, Washington is expected to resume sending shipments soon, based on a similar precedent in 2023, at a time when the International Monetary Fund expects the Iraqi economy to shrink by 6.8% this year, with central reserves amounting to $100 billion before the war.

A senior Iraqi official said that addressing the crisis of delayed dollar shipments from the United States to Baghdad will be a priority for the new government to avoid destabilizing the exchange market, especially after the sharp decline in the country’s oil exports due to the repercussions of the Iran war.

Iraq receives a portion of its oil revenues in the form of cash shipments in US dollars, estimated at around $10 billion annually. These funds are distributed in installments arriving via chartered flights at Baghdad Airport, while transfers related to financing foreign trade—which have not been affected by the delays—are managed through official banking channels.

The government official, who spoke to Asharq on condition of anonymity, confirmed that the Iraqi authorities are indeed trying to find out the reasons for the delay in the latest shipments, but the Central Bank has not yet received a response from the American side.

The US State Department confirmed in response to an inquiry from Asharq News’ Washington bureau that dollar shipments to Iraq remain “suspended.” It referred any further inquiries to the Treasury Department and the Central Bank of Iraq. The Treasury Department did not respond to Al-Sharq’s questions about the crisis, while officials at the Central Bank of Iraq could not be reached for comment.

Reuters reported in late April, citing several sources, that the administration of US President Donald Trump had halted a cash shipment worth about $500 million and suspended part of its security cooperation with Baghdad in an attempt to pressure the Iraqi government to reduce the influence of Iranian-backed armed factions, which have launched several attacks on Gulf states since the start of the conflict at the end of February in support of the regime in Tehran.

The stability of the dinar is at stake

Although the value of the shipment represents only a small fraction of the total demand for dollars in the Iraqi market, its delayed arrival and the ongoing crisis could affect the stability of the dinar and widen the gap between the official exchange rate and the parallel market rate, which has only fluctuated within a narrow range since the outbreak of the conflict. Therefore, the official confirmed that the issue will be a priority for Prime Minister-designate Ali al-Zaidi as soon as he officially assumes office. The Iraqi parliament is scheduled to vote tomorrow, Thursday, on granting confidence to the new government.

Iraq is among the countries most affected by the war in the region. The International Monetary Fund (IMF) projects a 6.8% contraction in its economy this year due to its reliance on oil exports through the Strait of Hormuz, which account for 90% of government revenue. A senior IMF official told Asharq Al-Awsat last month that Baghdad’s options for dealing with the crisis until a new government is formed focus on reducing spending and temporarily drawing on the central bank’s reserves, which stood at approximately $100 billion before the war.

Trump had invited al-Zaidi during a phone call at the end of last month to visit Washington after the government was formed, and wished him success “in forming a new government free of terrorism that can provide a brighter future for Iraq and the United States.”

The historical roots of the crisis

Iraqi banking expert Mustafa Hantoush told Asharq that he expects Washington to resume sending dollar shipments soon. He added that the United States had previously suspended these shipments temporarily in 2023 without publicly stating the reasons.

The story of relying on the United States to send dollar shipments to Baghdad dates back to 2003, when then-US President George W. Bush issued an executive order during the American occupation following the overthrow of Saddam Hussein’s regime. This order mandated that all of Iraq’s oil revenues be transferred to a special account called the “Development Fund for Iraq,” managed through the Federal Reserve Bank of New York, ostensibly to protect the funds from lawsuits and use them for reconstruction. Since then, the executive order has been renewed annually, meaning that US approval is required before any funds can be transferred to Baghdad.

Follow & Join Our Community

📌 BLOG: https://dinarevaluation.blogspot.com/

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

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

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