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Sunday, May 31, 2026
Saturday, May 30, 2026
🛢️➡️🌍 Iraq Is Entering a Post-Oil Dependency Era!!
🛢️➡️🌍 Is Iraq Entering a Post-Oil Dependency Era?
📈 Every time I read Iraq's economic news, I see a trend that I believe is far more important than daily oil price fluctuations: Iraq continues moving toward a more diversified economy and away from complete dependence on oil.
For decades, oil has been the primary source of revenue for Iraq. Today, however, we are seeing a growing focus on increasing non-oil revenues, strengthening the private sector, modernizing the banking system, attracting foreign investment, and expanding productive industries across the country.
🏗️ This does not look like a short-term strategy. It looks like the foundation of a new economic future.
A nation does not pursue financial reforms, banking modernization, investment initiatives, and large-scale economic development simply to remain dependent on a single resource. These are the kinds of steps countries take when they are positioning themselves for greater stability, sustainable growth, and deeper integration into the global economy.
💡 To me, the real story is not the price of oil. The real story is that Iraq appears to be preparing for a future where oil is no longer the sole engine of its economy.
🌍 A diversified economy is stronger.
📊 A diversified economy is more resilient.
🚀 A diversified economy creates greater long-term opportunities for growth and prosperity.
Transformations of this magnitude do not happen overnight, but each reform, each investment project, and each economic initiative seems to be pointing in the same direction: a more modern, competitive, and economically independent Iraq.
✨ The oil era built Iraq's foundation. The post-oil dependency era may define its future.
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PARLIAMENTARY COMMITTEE: THE 2026 BUDGET WILL BEBASED ON A “HEDGING” OIL PRICE OF AROUND $60
(Mnt Goat: Folks, once again I have to come and say that the budget is NOT base on the rate of the dinar. Read the article and weep all you idiot intel gurus, namely TNT Tony and many others. There will not be an RV rate to the dinar in the budget. Instead, the budget is based on the price of oil. Read the article yourself. I am not making this up! 
This will continue until the dinar is repegged to a basket of currencies and back on FOREX. Until this timeframe they will continue to use the petro-dollar which is the price of oil. Oil is the main source of revenue to fulfill the budget, get it? We are NOT going to get our RV because of the budget coming out, get it? Are you stupid of what? When the economy is diversified enough as the told us will be only 45% of total revenues to fulfill the budget will be oil based. Then the can’t use the price of oil solely anymore to budget, can they? They must then move to the rate of the dinar. But they are not there yet.)
The Oil, Gas and Natural Resources Committee of the House of Representatives identified 4 features of this year’s budget.
According to the official newspaper, committee member Hawraa Aziz Al-Moussawi said, “This year’s budget will probably be based on adopting a lower (hedging) oil price in the 2026 budget, reaching about $60 per barrel, rationalizing spending, increasing non-oil revenues, and reducing complete dependence on oil.”
She explained, “There are discussions related to trying to reduce the financial deficit with the decline in global oil price expectations, because any increase in the price of oil supplied to local refineries may gradually affect the citizen.”
🏦🇮🇶 CBI CONTACT INSIGHT: IRAQ’S ECONOMIC TRANSFORMATION & THE CONDITIONS BEHIND MONETARY CHANGE 💰📊
🏦🇮🇶 CBI CONTACT INSIGHT: IRAQ’S ECONOMIC TRANSFORMATION & THE CONDITIONS BEHIND MONETARY CHANGE 💰📊
FRANK26…5-28-26….THINKING
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🇮🇶 Al-Zaidi’s Anti-Corruption Push Could Be Laying the Foundation for a Stronger Iraqi Dinar 💵
🇮🇶 Al-Zaidi’s Anti-Corruption Push Could Be Laying the Foundation for a Stronger Iraqi Dinar 💵
Recent developments coming out of Iraq are beginning to paint a much larger picture than many people realize. While mainstream headlines focus on corruption investigations and financial audits, many observers believe these moves may actually represent the early stages of a broader economic restructuring process inside Iraq. 📈
The latest reports indicate that Prime Minister Al-Zaidi has ordered investigations into major state contracts and expanded support for Iraq’s Federal Financial Audit Office — one of the country’s oldest and most powerful financial oversight institutions. This office has access to decades of government expenditures, contracts, and financial records, and according to many analysts, its findings could expose massive corruption networks that have drained Iraq’s wealth for years. 🏛️
What makes this significant is not just the investigations themselves, but the timing and direction of these actions. Iraq has spent years attempting to modernize its banking sector, stabilize its economy, reduce dependency on cash transactions, and strengthen relationships with international financial institutions. None of those goals can fully succeed while corruption continues to undermine investor confidence and government credibility. 🌍
In my opinion, Al-Zaidi came to clean house, restore stability, and bring order back to Iraq’s financial system. By reopening old files, auditing contracts, and pushing transparency measures, the government appears to be preparing the proper foundation before any serious long-term economic transition can take place. 🔍
This is why many people following Iraq’s economic reforms believe these anti-corruption efforts are directly connected to the future strength and stability of the Iraqi dinar. A country cannot realistically support a stronger national currency while billions are leaking through corruption, weak oversight, and political protection networks. 💰
At the same time, Iraq has been increasing cooperation with international financial standards, banking compliance systems, and U.S. Treasury oversight requirements. Recent news involving the removal of outdated sanctions entries tied to Iraqi individuals has also been viewed by some as part of a wider normalization process within Iraq’s financial environment. 🤝
Of course, none of this guarantees an immediate increase in the value of the dinar. But what it does suggest is that Iraq may finally be attempting to build the economic and institutional stability necessary for future financial growth. Stability, transparency, accountability, and investor confidence always come before major currency strength. 📊
For now, the world watches to see whether these investigations are symbolic political moves — or the beginning of a true transformation inside Iraq’s economy and government. 🇮🇶
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Iraq to probe major state contracts in corruption crackdown
Shafaq News- Baghdad
Iraqi Prime Minister Ali Al-Zaidi on Thursday ordered corruption investigations into several major government contracts as part of his new administration’s anti-corruption campaign and “efforts to protect public funds.”
Al-Zaidi directed oversight authorities and law enforcement agencies to examine contracts previously signed by ministries and state institutions to determine whether they “complied with Iraqi laws, safeguarded public interests, and resulted in financial harm to the state.” The investigations will also seek to identify those who benefited from the contracts “at the expense of the public interest,” in addition to uncovering negligence, abuse of authority, and potential misuse of public funds.
Although Al-Zaidi’s office did not offer further details, the investigations could affect contracts tied to infrastructure, procurement, energy, and public spending at a time when the government has pledged to attract foreign investment and reform state institutions. After taking office earlier this month, Al-Zaidi described corruption as “an obstacle to development that delays the progress of the state” and vowed to “protect public funds and pursue administrative and financial corruption in all its forms.”
Iraq ranked 136th globally in Transparency International’s 2025 Corruption Perceptions Index with a score of 28 out of 100, keeping Iraq among the world’s lowest-ranked countries in public-sector transparency and making corruption one of the country’s most persistent political and economic challenges despite repeated reform campaigns launched by successive governments since 2003.
The country has also faced repeated corruption scandals in recent years, including the 2022 “theft of the century” case involving roughly $2.5 billion in missing tax funds, one of the largest financial scandals in modern Iraqi history.
https://shafaq.com/en/Economy/Iraq-to-probe-major-state-contracts-in-corruption-crackdown
🇮🇶💵 IRAQ’S ECONOMIC TRANSFORMATION MAY BE FOLLOWING A MUCH BIGGER PLAN
🇮🇶💵 IRAQ’S ECONOMIC TRANSFORMATION MAY BE FOLLOWING A MUCH BIGGER PLAN
What we are witnessing in Iraq no longer feels like isolated political events or random economic headlines.
It increasingly looks like a carefully unfolding sequence. 🧩
First came the structural reforms. 🏗️
Then came banking modernization, digital payment expansion, anti-corruption efforts, and financial restructuring. 🏦
Now we are seeing stronger focus on legislative stability through major laws like the HCL (Hydrocarbon Law). 📜⛽
That matters because no nation can fully transform its economy while major oil and revenue disputes remain unresolved.
The HCL is not just another law.
It represents:
✅ resource stability
✅ investor confidence
✅ long-term energy planning
✅ national coordination
✅ stronger international credibility
And after that?
Economic expansion. 📈🌍
Foreign investment.
Infrastructure growth.
International banking integration.
Private sector development.
Regional trade partnerships.
A country does not spend years rebuilding its financial architecture simply to remain economically stagnant forever.
This is why many observers believe Iraq is attempting to lay the foundation FIRST before any major monetary shift occurs. 🏛️
Historically, lasting currency strength tends to follow:
- political stability
- legal structure
- productive economic growth
- and international confidence
—not speculation alone.
⏳ The process may be slower than many expected, but the direction appears increasingly deliberate.
Iraq seems to be preparing itself for a future beyond crisis management… and toward long-term economic positioning.
And if that transformation succeeds, eventually the national currency may seek to reflect that new reality as well. 💵🇮🇶
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PRIME MINISTER’S ADVISOR: IRAQ IS ON THE VERGE OF MAJOR ECONOMIC CHANGES UNDER THE GUIDANCE OF AL-ZAIDI
The Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Saleh, confirmed on Wednesday (May 27, 2026) that Iraq is going through an important transitional phase at the economic level, noting that the directives of Prime Minister Ali al-Zaidi have brought about a shift in the philosophy of managing the state’s financial and economic affairs, which paves the way for broad transformations during the coming period.
Saleh said in a statement followed by “Baghdad Today” that “Al-Zidi assigned the Minister of Finance the duties of Deputy Chairman of the Ministerial Council for the Economy, which is a measure that reflects the philosophy of the modern state that sees the Ministry of Finance as a sovereign institution concerned with planning the economic future, and not just an entity for distributing salari es.”
He pointed out that “Iraq is about to undergo broad changes in its economic structure,” noting that “the Prime Minister has asked the Ministry of Finance to prepare a long-term plan and move from the role of treasurer to a ministry that leads the reform of the philosophy of the economic system and creates a balanced partnership between the state and the market, within the framework of Iraq Vision 2035.”
Saleh explained that “the Ministerial Council for the Economy has become the main engine for economic policies, and that it will lead the next phase by transforming temporary solutions into sustainable institutional work aimed at reforming the structure of the national economy.”
He also explained that “implementation includes comprehensive oversight extending from the Financial Control Bureau to ministries such as industry and agriculture, reaching the oversight of financial markets,” stressing that “the citizen is the primary goal of development programs and improving the standard of living.”
In the same context, Saleh stressed that “the Central Bank of Iraq is independent in its work, but it coordinates within the Ministerial Council for the Economy, which is headed by the Ministry of Finance,” explaining that “there is a Council for Economic, Monetary and Financial Stability in which all essential economic files are presented.”
🇮🇶📈 Iraq Strengthens State Control — A Positive Sign for the Iraqi Dinar? #iqd
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🇮🇶🚀 BUILDING IRAQ’S FUTURE: MOMENTUM BEHIND THE DINAR STRENGTHENS#iqd #iraqidinar
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