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📰 One of the Biggest Erbil–Baghdad Disputes is the Hydrocarbon Law (HCL) 🇮🇶🛢️
One of the biggest and most important disputes between Erbil and Baghdad is the Hydrocarbon Law (HCL) and the broader oil and gas issue ⚖️🛢️.
In fact, much of the tension between the Kurdistan Region and the federal government for nearly two decades has centered around:
• 🛢️ Who controls oil production
• 📑 Who signs contracts with foreign oil companies
• 💰 How oil revenues are shared
• 🚛 Whether the Kurdistan Region can independently export oil
• 🏛️ How the Iraqi Constitution should be interpreted regarding natural resources
The oil and gas file has long been viewed as one of the core unresolved disputes between both sides.
The conflict intensified after:
•
📜 The Kurdistan Region passed its own Oil & Gas Law in 2007
• ⚖️ Baghdad rejected parts of that framework
• 🏛️ Iraq’s Federal Supreme Court ruled in 2022 that the KRG oil law was unconstitutional
That is why when Iraqi politicians mention:
“Resolving Erbil–Baghdad issues”
they are often referring to:
• 🛢️ Oil exports
• 💰 Revenue sharing
• 📑 The HCL / Oil & Gas Law
• 🏛️ Constitutional authority and powers
• 🤝 Long-term agreements between Baghdad and the Kurdistan Region
💬 My Opinion:
I believe the HCL and the broader Erbil–Baghdad issues are ultimately resolved and finalized alongside an increase in the value and strength of the Iraqi dinar 💹🇮🇶.
From my perspective, implementing a fully functional HCL under the current exchange rate environment would create major economic pressure and would not properly support Iraq’s broader financial reform goals, including:
• 💵 De-dollarization efforts
• 🏦 Banking sector modernization
• 📲 Expansion of controlled digital payment systems
• 💸 Reduction of excessive physical cash circulation
• 📉 Maintaining inflation within single-digit levels
•
📈 Strengthening investor confidence and long-term economic stability
I believe a stronger and more internationally functional Iraqi dinar would better support:
• 🛢️ Oil revenue distribution
• 🤝 Stable Erbil–Baghdad agreements
• 📊 Budget implementation
• 🌍 Foreign investment
• 🇮🇶 Iraq’s transition into a more modern financial system
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#ErbilBaghdad #HCL #HydrocarbonLaw #IraqOil 🛢️ #Kurdistan #Baghdad #EconomicReform #IraqiDinar 💹 #Dedollarization #BankingReform 🇮🇶
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ERBIL (Kurdistan24) - Kurdistan Region Prime Minister Masrour Barzani met with Iraqi Parliament Speaker Haibat al-Halbousi in Baghdad on Saturday to discuss the resolution of outstanding issues between Erbil and the federal government.
The meeting focused on the institutional role of the Iraqi Parliament in resolving bilateral disputes and ensuring the rights of all Iraqi components are protected through the legislative process.
According to a statement from the Kurdistan Regional Government (KRG), both officials agreed on the necessity of settling long-standing disagreements based on the Iraqi constitution.
During the discussions, the importance of preparing and approving several national draft laws was emphasized.
The statement noted that these legislative efforts are intended to protect the rights of all citizens while maintaining respect for the federal system and the constitutional entity of the Kurdistan Region.
The KRG statement further highlighted the role of Parliament as a critical legislative institution for serving the diverse groups within Iraq and facilitating stability.
The meeting forms part of a broader diplomatic mission by the Kurdistan Region Prime Minister to the Iraqi capital to normalize relations and address administrative and financial files.
The dialogue underscores an effort to formalize legal frameworks to address issues ranging from budgetary allocations to governance rights.
The meeting took place on the first day of the Kurdistan Region Prime Minister's official visit to the Iraqi capital.
⚠️ Disclaimer:
This summary reflects unverified claims and circulating narratives within online communities and should not be considered confirmed financial or institutional information.
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📍 08:30 A.M. hora Reno
⚠️ 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
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.
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:
That is exactly what Iraq is doing today.
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:
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:
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.
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:
Right now, Iraq still depends on oil for nearly 90% of government revenues.
That creates vulnerability.
If oil prices fall:
Iraq 2035 is specifically designed to solve this problem.
Under Iraq 2035, the government plans to massively expand non-oil sectors including:
The more Iraq produces internally, the stronger its economic foundation becomes.
And stronger economies usually support stronger currencies.
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:
If successful, Iraq could generate billions in:
This matters tremendously for the IQD because it creates:
A weak banking system weakens a currency.
Iraq knows this.
That is why the country is aggressively modernizing:
The government is also attempting to reduce the cash economy and improve financial transparency.
This is extremely important because:
All of these factors help support a stronger national currency over time.
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:
But Iraq 2035 aims to create a productive private-sector economy capable of generating:
Countries with strong private sectors generally develop stronger and more stable currencies.
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:
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.
Iraq 2035 is ultimately about building a new Iraqi economy.
A stronger dinar cannot exist without:
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.
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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
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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.
⚠️ 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. ⏳🌎
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#Iraq #Economy #Oil #Geopolitics #IMF #MiddleEast #EconomicCrisis #Energy #GlobalEconomy #Diversification #Finance #Markets
8544🇮🇶 Iraq 2035: Why Iraq Is Clearly Working Toward A Stronger Iraqi Dinar 💵🚀 If a country is implementing massive banking, economic, and f...