Tishwash: A government advisor reveals the truth about the financial situation in Iraq…no cause for concern.
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that what is being circulated about Iraq going through a severe financia crisis and being unable to pay salaries is part of a “heated political season in which negative rumors against Iraq abound,” stressing that most of what is being raised is not based on facts.
Saleh adds in a press statement that Iraq has high financial capabilities, including good oil revenues and non-oil revenues, and that the government places salaries, wages, pensions and social welfare at the top of its priorities, explaining that any delay in payment is technical and simple and happens occasionally.
He points out that the current wave of fear-mongering has put citizens in a state of unjustified anxiety, stressing that “Iraq is not a besieged country and is not at war, and the financial and monetary policies are working to ensure a decent life, from the food basket to salaries and infrastructure, and everything that is being raised about cutting salaries or reducing the value of the dinar or an economic collapse is nothing but lies upon lies,” as he put it. link
Tishwash: The Iraqi dinar: stable and consistent
Amidst the analyses and speculations circulating that raise questions about the fate of the national currency, official facts and data confirm that talk of any change in the exchange rate of the Iraqi dinar is nothing more than speculation that is not based on any sound economic foundation.
Through a careful reading of the economic reality and the official statements of the Central Bank of Iraq, it becomes clear that the stability of the exchange rate is the fixed strategic option that is being defended with effective monetary tools and a huge balance of foreign reserves.
The Central Bank of Iraq places the stability of the exchange rate at the heart of its priorities, in accordance with the law that governs its work and aims to ensure price stability. The bank’s statements were clear and decisive in denying any intention or the existence of any serious study to reduce the value of the dinar, as such a decision has no economic justification in the current circumstances.
The facts on the ground speak for themselves clearly: huge foreign reserves exceeding $95 billion form a protective shield that ensures hard currency liquidity and covers all external strengthening needs of the national economy.
The Central Bank’s firm policies have also proven effective in maintaining the stability of the official and parallel exchange rates, as they have succeeded in narrowing the gap between them significantly, supported by the flow of oil revenues, which constitute a stable source of hard currency. This stability in the exchange rate has been a key pillar behind achieving low inflation rates, the lowest in the region, which has contributed to protecting the purchasing power of citizens and maintaining stable living conditions.
The Central Bank remains vigilant against all rumors and ill-considered analyses aimed at undermining confidence in the national currency and creating market instability. It possesses all the necessary regulatory and financial tools to counter such attempts and maintain the stability of the dinar. Exchange rate stability is not merely a number on a screen; it is the cornerstone of the stability of the entire national economy and a guarantee of sustainable development and investor confidence.
In conclusion, the future of the Iraqi dinar is shaped by a strong economic reality and a wise monetary policy that refuses to be swayed by any pressures or rumors, stressing that stability is the most prominent theme in the coming period. link
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Tishwash: The 2026 budget is on the planning table… a discussion of the general framework and plans for subsequent years.
The 2026 budget and plans for subsequent years were the focus of a meeting at the Ministry of Planning, where the general framework and proposed projects to be included were discussed.
The ministry stated in a statement , which was reviewed by (Shafaqna Iraq), that “a meeting was held today, Wednesday, to discuss the preparation of the budget for 2026 and the next three years (2026-2027-2028), chaired by the Undersecretary of the Ministry for Technical Affairs, Maher Hammad Johan, and attended by a number of directors general, heads of departments and representatives of relevant departments in the ministry.”
She added that “the meeting’s discussions focused on the general framework of the 2026 budget and plans for subsequent years.”
“Discussions were also held regarding ongoing and new loans and projects proposed for inclusion in the budget, as well as examining the terms of the Chinese framework agreement and the development projects it includes.”
The statement continued, “The meeting also addressed the preparation of appropriate scenarios for the 2026 budget, in preparation for submitting them to decision-makers for approval according to developmental and economic priorities.” link
