A High-Level Delegation From The Kurdistan Regional Government Will Visit Baghdad Soon To Resolve Disputes Over The 2027 Budget
Baghdad – One News – 10/12/2026 A high-level delegation from the Kurdistan Regional Government intends to visit Baghdad in the next few days to hold talks with the federal finance minister regarding the region’s share in the 2027 federal budget bill, amid ongoing disputes between the two sides over financial and oil issues.
According to information reported by Kurdistan 24, the anticipated visit comes after Baghdad and Erbil failed to reach a final agreement on a number of contentious issues during previous meetings, coinciding with expectations that the draft budget law will be referred to the House of Representatives this month.
The most prominent point of contention is the percentage allocated to the Kurdistan Region from the federal budget, as the regional government demands that its share be set at 14.14% based on the results of the population census and constitutional provisions, while the federal government has set the percentage at 12.7%.
In the oil file, the two sides differ in their positions regarding the quantities of oil required to be delivered to the federal government, as Baghdad demands the delivery of between 400,000 and 500,000 barrels per day, in contrast to a proposal from the regional government to specify quantities between 250,000 and 280,000 barrels per day.
As for non-oil revenues, they represent another point of contention, as the federal government insists on handing over all of those revenues, while the Kurdistan Regional Government emphasizes the need to preserve its legal and constitutional entitlements and powers in managing its financial resources.
These anticipated talks come at a time when political and financial efforts are continuing to reach understandings regarding the region’s share and its oil and non-oil obligations, in preparation for including them in the draft federal budget for 2027 before it is submitted to the House of Representatives. https://1news-iq.net/وفد-رفيع-من-حكومة-إقليم-كوردستان-يزور-ب/
The Prime Minister: The Government Is Proceeding With Its Development Plans And Is Committed To Controlling Currency Exchange Rates
Baghdad (INA) – Prime Minister Ali Faleh al-Zaidi affirmed on Monday the government’s commitment to implementing its development plans for the provinces. He also emphasized the government’s dedication to financial and administrative reform, including controlling foreign exchange rates, preventing speculation, and halting the economic drain.
The Prime Minister’s Media Office stated in a press release received by the Iraqi News Agency (INA) that “the Prime Minister chaired an expanded meeting at the Nineveh Governorate headquarters, attended by a large number of the province’s representatives, the Governor of Nineveh, the head and members of the Provincial Council, and officials from service and government departments.”
According to the statement, al-Zaidi stressed that “the government is proceeding with its development plans for the provinces, and that Nineveh deserves concerted efforts to improve its services and living conditions. Furthermore, the doors are open to address any shortcomings, so that the province can achieve a future befitting its history and cultural heritage.”
The Prime Minister reiterated the government’s commitment to “confronting all forms of corruption, the importance of safeguarding public funds, and countering attempts to distort national identity by inciting discord and division among the province’s communities.”
Al-Zaydi emphasized the government’s commitment to financial and administrative reform, including controlling foreign exchange rates, preventing speculation, and halting the economic drain caused by exchange rate fluctuations, from which speculators were profiting at the expense of the local economy.
He explained that his proposed million-farm project would focus on specialized agricultural initiatives tailored to each province, aiming to develop their agricultural resources. For example, Basra would become the capital of Iraqi date palms, and Najaf the capital of rice production. The plan also includes establishing food processing plants supplied by the farms, creating job opportunities, increasing local production, and enhancing food security. https://ina.iq/ar/political/275981-.html
“Stability Is Built By Leaders Who Choose The Difficult Path.” Tom Barrack Meets With Al-Zaidi In Baghdad And Affirms That Iraq’s Security And Prosperity Represent Security And Prosperity For The Region
Baghdad – One News – 10/12/2026 US envoy Tom Barrack met with Prime Minister Ali al-Zaidi in Baghdad, praising his leadership and role in promoting stability, and emphasizing Iraq’s importance in achieving regional security and prosperity.
Barak said in a post on his X platform account that his meeting with Prime Minister Ali al-Zaidi was fruitful, stressing that stability is not an inheritance passed down by countries, but is created by leaders who choose to walk the difficult path to achieve it.
He added that Iraq’s security and prosperity represent security and prosperity for the entire region, indicating the importance of Iraq’s role in consolidating regional stability.
Barak expressed his gratitude for al-Zaidi’s leadership and partnership, in a stance that reflects the American side’s appreciation for the Iraqi government’s role in promoting security and stability.
The meeting comes at a new stage in Iraqi-American relations, aimed at expanding economic cooperation and strengthening common interests, coinciding with the security and political transformations taking place in the region.
Central Bank: Payment Cards Operate At The Official Rate To Meet The Needs Of Citizens Abroad
Baghdad – WAA The Central Bank of Iraq confirmed on Monday that electronic payment cards operate at the official approved rate to meet the needs of citizens abroad.
A statement from the bank, received by the Iraqi News Agency (INA), said that “what was circulated by one of the news agencies, quoting an unknown source, claiming that (the bank returned amounts worth 600 billion dinars because it did not adopt the previous rate of 1320 dinars per dollar, but rather demanded that the amount be increased at the current exchange rate of 1520 dinars per dollar), is completely false.”
The bank confirmed that “external transfer requests submitted to banks before 7/10/2026 will be processed at the old exchange rate without additional costs, and has begun receiving and processing those requests.”
He added that “all electronic payment cards operate according to the official approved rate to meet the requirements of citizens abroad,” stressing “what was stated in the letter of the Media and Communications Commission (to adopt accuracy in everything published and broadcast regarding the exchange rate, markets and salaries and to verify it and its competent sources before publication), otherwise legal measures will be taken by this bank against any entity that
publishes rumors and misleading news.” https://ina.iq/ar/economie/275969-600.html
