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๐ฎ๐ถ๐ค๐บ๐ธ Joint Statement: Prime Minister Ali Al-Zaidi and Special Presidential Envoy Tom Barrack
Key takeaways:
✅ Stronger U.S.–Iraq partnership
✅ Support for Iraq's sovereignty and security
✅ Efforts to bring all weapons under state control
✅ Focus on investment, economic development, and regional stability
✅ Upcoming White House meeting between President Trump and PM Al-Zaidi
๐ In my view, this is a positive development for the possibility of a gradual future appreciation of the Iraqi dinar. Greater security, stronger state control, increased foreign investment, and closer international cooperation help create the kind of economic and institutional conditions that could support long-term currency strength and financial reform.
๐ Stability first. Growth follows.
#Iraq ๐ฎ๐ถ #USDinar #IQD #EconomicReform #Investment #EconomicGrowth #FinancialReform #MiddleEast #Stability #Prosperity #Dinar #FutureGrowth
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US Special Envoy for Syria and Iraq Tom Barrack said he will meet with new Iraqi Prime Minister Ali Al-Zaidi on Monday to discuss bilateral partnership between the two countries.
"Happy and honored to be back in Baghdad, meeting with our great US Embassy team led by Chargรฉ d’Affaires Joshua Harris," Barrack said on the US social media company X, alongside a photo showing Harris welcoming him.
"Today I will meet with Prime Minister Al-Zaidi to convey President Trump’s support for his government, and discuss our partnership on a new direction for a strong and mutually beneficial US-Iraq relationship," he added.
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CHANNEL8 NEWS
For those of us following the Iraqi dinar (IQD) and Iraq’s economic transformation, every structural improvement matters. The implementation of the ASYCUDA customs automation system represents another step toward creating a more organized, transparent, and efficient economic environment. ๐ฎ๐ถ
A modern customs system is not just about technology — it is about improving the way Iraq manages trade, controls revenues, reduces inefficiencies, and strengthens financial systems.
In my opinion, reforms like ASYCUDA are part of the foundation Iraq needs to continue building a stronger economy. A country’s currency is supported by many factors: economic stability, strong institutions, proper management of resources, investor confidence, and a system capable of supporting growth.
As Iraq continues improving its infrastructure, trade processes, and financial organization, these steps can contribute to the long-term goal of strengthening the country’s economic position and supporting the gradual improvement of the value and confidence in its currency. ๐ต๐
The journey is built through steps — agreements, reforms, modernization, and stability. Every piece added brings Iraq closer to a more developed and efficient economic future. ๐ฎ๐ถ๐ฅ
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Erbil and Baghdad have reached a final agreement to resume oil exports from the Kurdistan Region under a two-phase plan that will gradually increase production to 400,000 barrels per day, alongside coordinated security arrangements to protect operating companies.
๐ฎ๐ถ๐ข️ Iraq Continues Making Economic Progress: Another Piece of the Puzzle Moves Forward ๐ต๐
Although the Hydrocarbon Law (HCL) has not yet been fully approved as a final federal law, we are seeing important progress through energy coordination and agreements between Baghdad and Erbil.
In my opinion, these developments are significant because oil remains the backbone of Iraq’s economy. Better organization of exports, stronger oil revenues, and improved cooperation between regions could help increase investor confidence and support Iraq’s economic growth. ๐ฎ๐ถ
These steps can be viewed as part of a larger process: building a stronger economy, improving fiscal stability, and creating the foundation needed for future financial reforms.
For those of us following the Iraqi dinar (IQD), the focus is on how each economic improvement adds another piece to the bigger picture. A stronger currency requires a stronger economic foundation, stability, and international confidence. ๐๐ต
The HCL remains an important pending issue, but the progress in energy cooperation between Baghdad and Erbil shows that Iraq continues moving forward in key areas. ๐ฅ๐ฎ๐ถ
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๐ฎ๐ถ๐ข A New Chapter Could Be Opening for Iraq’s Economy… The Pieces Continue to Move! ๐ต๐
The developments surrounding regional stability and the reopening of key trade routes are creating a wave of optimism among those watching Iraq’s economic future closely.
The Strait of Hormuz is a critical gateway for global energy markets, and any improvement in security and commercial movement could bring new confidence to the region. For Iraq, a country with enormous oil resources and economic potential, stability is one of the key foundations needed for growth and financial reform.
Many believe these changes could support the bigger picture: stronger investment, increased economic activity, improved international confidence, and continued progress toward Iraq’s financial transformation.
For those following the Iraqi dinar journey, the hope remains that each step toward security, stability, and economic strengthening brings Iraq closer to the next phase of its monetary future. ๐ฎ๐ถ๐
The foundation must be built first… and every major change starts with preparation. ๐
๐ต๐ฎ๐ถ Could Iraq be moving closer to a new economic era?
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Following the conclusion of today's meeting between the KRG Finance Minister and officials, the senior delegation will depart for Bagh...