The Iraqi Government Denies Any Intention To Devalue The Dinar Against The Dollar
Local The Iraqi Prime Minister’s economic advisor, Mazhar Mohammed Salih, denied the government’s intention to adjust the exchange rate by devaluing the Iraqi dinar against the US dollar to provide liquidity. “Iraq’s exchange rate policy is a contractual one between the Ministry of Finance and the Central Bank of Iraq,” Saleh said in an interview with Al-Eqtisad News. “This is because the reserves supporting the Iraqi dinar reinforce the external value of the currency, meaning that the dinar, backed by foreign currency, comes from oil revenues.”
He explained that “this is called foreign exchange covered by foreign currency,” noting that “the last thing the Iraqi government is thinking about is changing the exchange rate, because the policy of changing the exchange rate every so often is bad policy, so it is preferable for the exchange rate to remain officially stable in this manner.”
Mazhar Mohammed Saleh believes that “oil is a global commodity that is not affected by the dinar’s devaluation, increase, or otherwise. At the same time, this constitutes inflationary financing through deceiving people, and this is not true.” He considered the policy of devaluing the dinar to be “dangerous and not easy, while the state is constantly working to raise and improve the dinar’s value, not to devalue it.”
He stressed that “the right thing to do is to keep the exchange rate as low as possible, unless the economy is exposed to major emergencies, which I don’t expect to happen, as long as the economy is oil-based and generates foreign currency flows.
” He believed that “there are no such plans, neither now nor after the elections, and no one is thinking about this matter in light of the current circumstances and the constants and variables of the current situation.”
He continued, “There is no economic policy that tends to fluctuate between depreciation and appreciation of the exchange rate.”
He stated that “the exchange rate and the Iraqi dinar have been stable for very long periods, so manipulating the exchange rate is a bad and incorrect policy. The correct policy is to maintain the status quo and thus maintain overall stability so that development, investments, and plans can be sustained.”
Mazhar Mohammed Saleh also stated that “the worst type of financing is inflationary financing resulting from the devaluation of the Iraqi dinar, as economic literature suggests, which means deducting from citizens’ income by reducing real income to a valueless cash income.”
Regarding the easiest ways to address the liquidity shortage, Mazhar Mohammed Saleh explained that “the financial system should be improved by improving revenues.” https://economy-news.net/content.php?id=58757
Baghdad And Erbil Reach Agreement On Oil Export Mechanism; Resumption Contingent On Iraq’s Talks With Türkiye
Economy | – 08/13/2025 Mawazine News – Baghdad – The Ministry of Natural Resources in the Kurdistan Region of Iraq announced on Wednesday that it had reached an agreement with the federal Ministry of Oil regarding the mechanism for exporting oil.
The ministry said in a statement received by (Mawazine News) that “the minutes of the agreement were signed by 23 figures from the delegations of both sides, including 17 members of the Iraqi Ministry of Oil delegation.”
The statement added, “The meetings began on July 17, and during this period, visits were made to all of the region’s fields. After evaluating technical problems and conducting intensive negotiations, an agreement was reached on August 11 on the mechanism for exporting oil from the Kurdistan Region’s fields, so that oil would be delivered according to the daily production of the region’s fields, after reserving 50,000 barrels to cover local needs in the region, and the remainder would be delivered to the SOMO Marketing Company.”
It indicated that “the resumption of oil exports from the Kurdistan Region will remain contingent on the federal government’s talks with the Turkish government, so that the process can be effectively implemented.” https://www.mawazin.net/Details.aspx?jimare=265033
The Securities Commission Details Its Achievements Over The Past Two Years: Listing 19 Companies And Issuing A Governance Guide
Local The Securities Commission detailed its achievements in 2024 and 2025 on Wednesday, affirming its commitment to developing the investment environment and enhancing transparency in the Iraqi financial market.
In a statement, the commission said, “Within the framework of enhancing international cooperation and developing the operations of the Iraq Stock Exchange, the Iraqi Securities Commission, under the leadership of its chairman, Faisal Al-Haimus, achieved notable accomplishments during 2024 and 2025.”
The commission added that it “worked to list 19 new companies on the Iraq Stock Exchange during 2025, in a significant step that contributed to diversifying the base of listed companies and enhancing the market’s attractiveness to local and international investors.”
She continued, “A corporate governance guide for listed companies has been issued, which contributes to enhancing transparency and good practices in corporate governance.” She added, “We are also working to update trading mechanisms in cooperation with regional financial markets, which contributes to developing the infrastructure of the Iraqi market.”
She added, “Agreements have been concluded with the Egyptian Financial Markets and the Abu Dhabi Securities Exchange, with the aim of exchanging expertise and enhancing transparency and digital transformation in the Iraq Stock Exchange.”
The Commission added, “The Iraqi Securities Commission received the 2025 Arab Banking Excellence and Achievement Award from the World Union of Arab Bankers, in recognition of its prominent role in supporting the Iraqi banking sector and developing its services to meet market requirements.”
The Commission affirmed, according to the statement, its “continued efforts to enhance the investment environment in Iraq, which will contribute to attracting local and foreign investments and enhancing investor confidence in the Iraqi financial market.” https://economy-news.net/content.php?id=58754
Al-Sudani: Iraq’s Investments Exceeded $100 Billion In Two Years.
Money and Business Prime Minister Mohammed Shia al-Sudani confirmed on Wednesday that Iraq’s investments in two years have exceeded $100 billion.
The Prime Minister’s media office said in a statement that “Prime Minister Mohammed Shia al-Sudani received, on Wednesday, representatives of the coalition of six companies that have applied to rehabilitate, develop and operate Baghdad International Airport, in the presence of representatives of the International Finance Corporation (IFC), which is advising the Ministry of Transport on the project.”
The Prime Minister blessed “the holding of the conference to review the projects of the IFC, which is an important partner with Iraq in joint work and the implementation of many projects in various stations and sectors,” appreciating “its efforts in completing the work in a manner befitting Baghdad International Airport, given its importance to Iraq, which is witnessing a state of recovery, stability, development and reconstruction movement in all governorates.”
He stressed that “Iraq’s distinguished geographical location has prompted us to invest in air transport, aircraft transit and service to passengers,” noting “the existence of many government projects in this field.”
He stressed that “Iraq is currently attracting significant Arab and foreign investments in various sectors, exceeding $100 billion over the two years of the government’s term.” He explained that “Baghdad Airport is a showcase for the capital, and must receive the necessary rehabilitation and development, as well as management that provides services and generates revenues.”
He indicated that “there is a real and clear opportunity to increase the number of passengers from abroad to Baghdad,” pointing to “the need to reconsider the management style of the government sector, in airports and most sectors.”
He stressed that “the opportunity is available at Baghdad Airport, and at the airports of Najaf, Basra, Nasiriyah and Mosul, and we have chosen successful experiences in the region for managing and operating airports,” noting that “we have contracted with the International Finance Corporation (IFC) to work as a specialized advisory body to prepare the investment portfolio for the development and operation of Baghdad Airport.”
The Prime Minister welcomed “all Arab and foreign companies in Iraq, as a message that it is a safe and attractive environment for investment,” noting that “the government will provide support, assistance and all facilities for the companies’ work.”
He explained that “the project to rehabilitate, develop and operate Baghdad Airport is based on a desire to find the best coalition, company or investor that can provide a successful model for the airport.” https://economy-news.net/content.php?id=58755
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