💰📊 IRAQ’S REAL CHALLENGE: BUILDING STABILITY BEYOND OIL 🛢️🇮🇶

 Mnt Goat 

...any budget for Iraq is based on the price of oil. There is not a dinar rate in the budget...It is not until the dinar is reinstated and the economy grows and has diversified revenue streams, that the Finance Committee can then use the dinar as measuring tool for a  budget, thus not one source of revenue that can have a potential to crash the budget, can create stability.  

 And what did the CBI tell us they needed…STABILITY, STABILTY, STABILITY...We are not yet there because Iraq still has to diversify.

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💰📊 IRAQ’S REAL CHALLENGE: BUILDING STABILITY BEYOND OIL 🛢️🇮🇶

One of the most misunderstood aspects of Iraq’s financial system is that the national budget is still heavily dependent on oil prices. Right now, Iraq’s economy does not yet operate from a fully diversified revenue structure where the Iraqi dinar itself serves as the primary measuring foundation of economic strength. Instead, oil revenues remain the dominant pillar supporting government spending and national financial planning.

This is precisely why stability has become the central focus of the Central Bank of Iraq (CBI). Over and over, officials emphasize the same requirement: “STABILITY, STABILITY, STABILITY.”

 Without a stable and diversified economy, relying on one major source of income creates enormous vulnerability. If global oil prices suddenly fall, the entire budget can come under pressure, threatening government programs, salaries, infrastructure projects, and economic confidence.

The long-term goal is much bigger than simply adjusting currency values. Iraq must first strengthen its private sector, modernize banking systems, expand industry, increase foreign investment, improve agriculture, develop tourism, and create multiple sustainable revenue streams. Only then can the dinar truly function as a stronger economic measuring tool within a stable national framework.

Supporters of the reform process believe that once monetary reforms are fully implemented and Iraq achieves broader economic diversification, the Finance Committee will eventually be able to structure future budgets around a far more balanced and resilient economic model. That transition would reduce dependence on oil volatility and create the type of financial security international institutions have repeatedly encouraged Iraq to pursue.

For now, the message remains clear: Iraq is progressing, but the country is still in the process of building the economic foundation necessary for long-term monetary and financial stability. 🇮🇶📈

#Iraq #IQD #Dinar #CBI #EconomicReform #Forex #IraqiDinar #OilMarket #FinancialStability #MiddleEast #BankingReform #Investment #EconomicGrowth #GlobalEconomy #CurrencyWatch

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🇮🇶 Iraq’s New Technocrat PM Sparks Optimism Amid Rising U.S.-Iran Tensions

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The cabinet is nearing completion, and parliament is preparing for a vote this week

  The cabinet is nearing completion, and parliament is preparing for a vote this week

 Members of the House of Representatives confirmed on Sunday that the new cabinet is almost complete, while they indicated that discussions are continuing regarding some sovereign ministries in preparation for holding a voting session during this week.

Members of the House of Representatives said in a press statement followed by Al-Furat News that approximately 80 percent of the government formation has been completed, with a trend towards passing 50 percent plus one of the ministries, with the remaining ministerial portfolios to be completed at a later time.

They added that discussions are still ongoing regarding a number of sovereign ministries, most notably the Interior, Oil and Foreign Affairs ministries, in addition to dialogues related to restructuring some portfolios and creating a state ministry.

They indicated that the vote on the new government is expected to take place this week, without specifying an official date yet.

They indicated that there are parliamentary observations that will be raised during the discussion of the government program before proceeding with the voting process.  link

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Inside Iraq’s White Papers: The Comprehensive Reform Blueprint Reshaping the Nation’s Future

 Walkingstick  

The 'White Papers' are a conglomerate of many things the United States put together.  It has been a demand of ours for a long time.  But prime minister after prime minister have failed us. 

 The White Papers contain the monetary reform.  It contains the steps for the HCL.  It contains article 140...It contains all the steps that were just handed in that we call the formation of the government of Iraq.  It contains the economic reform once the monetary reform is launched.  It contains the removal of Iranian influence...banking laws.  It contains many things that the United States of America have been wanting this government to do. 

 It was created over the last few years with the IMF, World Bank, Bank of International Settlement, US Treasury, Central Bank of Iraq, with everybody...The United States of America gave this to Sudani, he did nothing with them.  Now we present them to Zaidi.  And Zaidi with Trump, they are implementing them.

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The “White Papers” are widely viewed as a comprehensive reform blueprint created to address Iraq’s long-standing political, economic, financial, and institutional problems.

 Rather than being a single document focused on one issue, they represent a broad framework of interconnected reforms designed to rebuild Iraq’s economy, modernize state institutions, strengthen sovereignty, and prepare the country for long-term stability and international integration.

For years, many observers believed Iraq needed a complete restructuring plan to move away from corruption, dependency on oil revenues, weak banking systems, and political fragmentation. However, successive prime ministers were often accused of either delaying reforms, lacking political support, or being unable to confront powerful internal factions. As a result, many of the reforms repeatedly discussed were never fully implemented.

The White Papers became significant because they attempted to organize all of these major reforms into one coordinated national strategy. One of the central themes within the framework is monetary reform. 

This includes efforts to modernize Iraq’s banking sector, strengthen confidence in the Iraqi dinar, improve financial transparency, digitize banking systems, attract foreign investment, and eventually create the conditions necessary for broader international currency integration. Supporters of the reform process believe these monetary changes are foundational to Iraq’s future economic growth.

Another major component frequently associated with the White Papers is the Hydrocarbon Law (HCL), which has been debated in Iraq for many years. The HCL is considered critical because it would establish clearer agreements over oil and gas revenue distribution between Baghdad, regional governments, and provinces. 

Many analysts view this as essential for political stability, budget consistency, and reducing disputes between the federal government and Kurdish authorities.

The framework is also linked to Article 140 of the Iraqi Constitution, a sensitive issue involving disputed territories and governance arrangements, particularly in areas claimed by both Baghdad and the Kurdistan Region. Resolving these disputes has long been viewed as necessary for national reconciliation and internal stability.

Beyond economics and constitutional matters, the White Papers are often described as including broader state-building reforms. These include anti-corruption initiatives, restructuring government institutions, reducing militia or external influence over state affairs, improving border control and customs enforcement, reforming the public payroll system, and implementing stricter banking laws that align Iraq more closely with international financial standards.

Many supporters of the reform agenda argue that these plans were not created by Iraq alone. Instead, they are believed to have been developed over several years through cooperation and consultation with major international financial and governmental institutions, including the International Monetary Fund (IMF), the World Bank, the Bank for International Settlements (BIS), the U.S. Treasury, and the Central Bank of Iraq. The goal was to create a roadmap capable of stabilizing Iraq economically while integrating it more fully into the global financial system.

Critics of previous administrations argue that although the reform framework existed, implementation remained weak or incomplete.

 The argument being made now is that the current leadership under Prime Minister Zaidi is showing greater willingness to actively execute these reforms rather than merely discussing them. Supporters believe there is stronger international coordination and political momentum behind the current efforts, especially regarding economic restructuring, banking modernization, anti-corruption measures, and restoring stronger state authority.

The broader expectation among reform advocates is that if these measures are successfully implemented, Iraq could experience major structural improvements in governance, economic stability, foreign investment confidence, and international financial credibility. However, many also recognize that Iraq’s political environment remains extremely complex, meaning that implementation will likely take time and face resistance from entrenched interests that benefit from the existing system.

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FRANK26…5-9-26….THE VIDEO

 

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Bin Salman congratulates Al-Zaidi: We look forward to working with you to strengthen relations

 Bin Salman congratulates Al-Zaidi: We look forward to working with you to strengthen relations

Saudi Crown Prince Mohammed bin Salman sent a congratulatory telegram on Saturday (May 9, 2026) to Ali al-Zaidi on the occasion of his appointment as head of the Iraqi government. In his telegram, bin Salman expressed his wishes for al-Zaidi to succeed in serving Iraq and its people, stressing his aspiration to work together to strengthen bilateral relations between Riyadh and Baghdad and enhance cooperation at various levels.

The Saudi Press Agency reported in a statement followed by Network 964 that “His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, sent a congratulatory telegram to His Excellency Mr. Ali Faleh Kazem Al-Zaidi on the occasion of his appointment as Prime Minister of the Republic of Iraq.”

She continued, “His Highness the Crown Prince said, ‘On the occasion of your appointment as Prime Minister of the Republic of Iraq, we are pleased to express to Your Excellency our sincere congratulations and best wishes for success and prosperity. We ask God Almighty to grant you success in serving Iraq and its brotherly people. We look forward to working with Your Excellency to strengthen the bonds of brotherly relations between our two countries and peoples, and to enhance them in all fields. We wish Your Excellency continued health and happiness, and the brotherly people of the Republic of Iraq further progress and prosperity.’ ”

On Saturday (May 2, 2029), Prime Minister-designate Ali al-Zidi received a phone call from Turkish President Recep Tayyip Erdogan, congratulating him on his official appointment to form the new government.

He also received a call from US President Donald Trump on Thursday (April 30, 2026), during which he congratulated him on being officially tasked with forming the new government, and extended an official invitation for him to visit Washington after the government is formed.

On Saturday (May 2, 2026), Al-Zidi received another call from the Emir of Qatar, Tamim bin Hamad Al Thani, congratulating him on his official appointment to form the new government. Al-Zidi also received an invitation from Al Thani to visit Qatar after the formation of the new government.  link

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Iraq’s Reform Agenda Signals Progress Toward Economic Stability and Forex Goals

 Paulette  

I like what I am seeing in the proposed government program and especially like that Zaidi is following Khadimi's White Paper for needed reform.  Recall that the White Paper specifically notes the reforms necessary with the goal of returning the IQD to Forex... Patience, it will take Zaidi some time to get the necessary laws passed and then sent to  Parliament for passage in order to eradicate the current armed faction structure. ALL should very happy this morning but certainly not expectant.

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There is growing optimism surrounding the newly proposed government reform agenda, particularly because Prime Minister Zaidi appears to be continuing the economic and structural reform path originally outlined in former Prime Minister Kadhimi’s White Paper initiative. This is significant because the White Paper was designed as a long-term roadmap to modernize Iraq’s economy, reduce corruption, diversify revenue beyond oil dependence, stabilize the banking sector, and ultimately create the conditions necessary for Iraq’s currency, the Iraqi dinar (IQD), to regain broader international standing and potentially return fully to Forex trading platforms.

One of the most important aspects being discussed is that these reforms are not simply financial adjustments. They involve deep political, security, and institutional restructuring. 

Zaidi’s administration is expected to work through complex legislation aimed at reducing the influence of armed factions and strengthening centralized state authority. These steps are viewed by many observers as essential before Iraq can achieve lasting economic stability and attract stronger foreign investment confidence.

Patience remains critical because reforms of this scale cannot happen overnight. Laws must first be drafted, negotiated among political blocs, approved by Parliament, and then successfully implemented. Iraq’s political environment has historically slowed reform efforts due to competing interests and factional pressures. Therefore, while the current direction appears positive and encouraging, expectations for immediate dramatic changes would be unrealistic.

The phrase “ALL should be very happy this morning but certainly not expectant” reflects cautious optimism. Supporters see meaningful progress and encouraging signals from the government’s direction, but they also recognize that the actual implementation phase is what truly matters. 

In other words, there is reason for confidence, but not yet reason to assume rapid financial outcomes or sudden currency events. 

The focus remains on watching whether the government can consistently follow through on reforms, pass key legislation, strengthen state institutions, and maintain political stability over time.

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