HOT: Zaidi Mentions The Official Value Of The Dinar Heading To US.

[Luigi1]

Here's some articles of Dinarian interests...

Direct From The SANDBOX Report.

The top story:

-Zaidi heads to Washington to drum up business & investment opportunities.

-Zaidi talks about the official value of the Dinar.

Treat as rumors.  Not verified.  Your opine.

 

 

 

 

FROM IRAQI SOURCES:  Al-Zaidi Travels To Washington With Businessmen & Promises To Inject $10 Billion Into The Private Sector.

ARTICLE:  Iraqi PM Ali Faleh al-Zaidi announced on Saturday an upcoming official visit to the US, accompanied by businessmen, to expand mutual & joint investment opportunities, noting at the same time that the development fund is for the private sector & will absorb a contribution from the CBI worth $10 billion.

 

This came during Al-Zaydi’s reception of a number of businessmen, members of the board of directors & development of the private sector, members of the Iraqi Economic Council & a number of heads of boards of directors of private banks, in the presence of the Minister of Finance, the head of the Board of Advisors, the director of the office of the PM & the head of the Higher Authority for Coordination between Governorates.

 

According to a statement from the PM's Media Office, Al-Zaydi affirmed that the government relies on cooperation with the private sector to ensure the success of its reform efforts in the economy and d'evelopment & that it will adopt an open-door policy regarding the proposals, requests, and problems submitted by businessmen that require intervention & resolution.

 

Al-Zaydi stressed the fight against corruption & extortion, and called on all businessmen or companies not to be drawn into offering any sums of money to facilitate their work and obtain their rights & that his door is open to any case of obstruction practiced by any element within the body of the state.

 

Al-Zaydi said that the private sector is a partner of the government, and we support its pivotal role in developing the economy.

 

Our criteria for preferring the private sector are: “tax accountability,” “the size of the workforce & their inclusion in social security” & “the size of the social benefits contributed to.”

 

He added: We have a project for one million residential plots & we call on the private sector to contribute to its infrastructure.

 

There must be a share for everyone who does not own a property, plot of land, or housing unit.  We will cooperate with the private sector in preparing residential lands according to economic models that preserve the rights of the state & the citizen.

 

The Iraqi PM revealed an upcoming visit to Washington, saying: “We have an official visit coming up to the US & we will bring with us a number of businessmen to expand mutual & joint investment opportunities.”

 

Al-Zaydi pointed out that the development fund is for the private sector & will absorb a contribution from the CBI worth $10 billion & we will open subscription to contributions for all citizens, at the OFFICIAL value of the Iraqi Dinar.

 

He explained that the profits of the Development Fund will be exempt from taxes & will finance the establishment of new factories with new products needed by the Iraqi market.  We have prepared monthly payments of approximately (1 trillion Dinars) for the purpose of paying the dues of businessmen, companies & contractors & the payments will increase with the resolution of the crude oil export crises.

 

He noted that he had issued directives to resolve obstacles related to tax accounting and to remove any conflict in instructions, & everything that hinders progress towards the goal of preserving public funds.  He also directed that all laws & decisions that do not facilitate economic development and impede the expansion of partnership with the private sector be studied.

 

For their part, the businessmen offered to expand consultations with the government regarding service & development projects & priorities, diagnose market needs & find solutions to economic challenges in order to help the government achieve its goals.   

 

Iraq Recorded A Sharp Decline In Imports During 2025.

ARTICLE:  International trade data on import values for 2025 showed a significant decline in the value of Iraq’s imports compared to the previous four years, after it had been among the top importing countries on the list.

 

According to the data, the value of Iraqi imports during 2025 reached approximately $51.1 billion, down from $87.4 billion in 2024, a difference of over $36 billion, representing one of the largest declines recorded compared to previous years.

 

Observers attribute this to stricter financial compliance procedures through the CBI's electronic platform & the drop in oil prices.

 

Iraq had recorded a steady increase in the value of imports during the past years, as it rose from $60.9 billion in 2021 to $76.1 billion in 2022, then $85 billion in 2023, before peaking at $87.4 billion during 2024.

 

In the ranking of importing countries for 2025, Iraq came behind several countries including Colombia, Ukraine, Bangladesh, Pakistan & Kazakhstan, while it outperformed other countries such as Kuwait, Oman & Qatar.

 

The data is based on International Trade Centre calculations relying on UN Trade Statistics (COMTRADE) & Int'l Trade Centre data.

 

Iraq & Austria Discuss Ways To Expand Prospects For Joint Cooperation.

ARTICLE:  The First Deputy Speaker of the House of Representatives, Adnan Faihan Al-Dulaimi, discussed on Saturday with the Austrian Ambassador to Iraq ways to expand the prospects of joint cooperation in various fields between the two countries.

 

The media office of the First Deputy Speaker stated in a statement received by "Al-Eqtisad News" that "the First Deputy Speaker of the House of Representatives, Adnan Faihan Al-Dulaimi, received in his guest house the Ambassador of the Republic of Austria to Iraq, Andrea Nasi."

 

He added that "during the meeting, all the latest developments on the local scene were reviewed, as well as an exchange of views on the most prominent regional & int'l developments & their implications for the region."

 

According to the statement, the First Deputy stressed "the need to raise the level of bilateral relations & expand areas of joint cooperation in a way that serves the mutual interests of the two friendly countries, especially in the economic & investment sectors & the importance of resuming direct flights between Baghdad & Vienna as a supportive step to enhance trade exchange & revitalize tourism."

 

Faihan explained that “Iraq is proceeding with a policy of balanced openness and strengthening constructive partnerships with various countries of the world, based on a vision that is based on mutual respect & common interests & in a way that contributes to supporting sustainable development efforts & achieving the country’s higher interests.”

 

The statement indicated that “the Ambassador of the Republic of Austria to Iraq, Andrea Nasi, expressed his country’s keenness to strengthen the partnership with Baghdad & develop areas of cooperation in varioussectors, in a way that contributes to achieving the common interests of Iraq & Austria & serves the future of the two friendly peoples.”

 

 

[Luigi1]

Luigi's two cents worth...

Could an RV announcement be in the works as Zaidi heads to the US.

Zaidi mentioned not the Official ER but the Official Value of the IQD.

This may be a HUGE story or may be nothing at all.

Your thoughts on this latest development.   Go RV.

[Luigi1]

HOT: Here's another article related to the above...Iraq sanctions rumors laid to rest...

 

 

No Sanctions On Iraq Or Currency.

ARTICLE:  Government Spokesperson:   Iraq is a Fully Sovereign Country.

 

Sanction Rumors Laid To Rest.   Iraq Government spokesperson Haider al-Aboudi affirmed on Friday that Iraq is a fully sovereign country & its supreme authority is not subject to internal or external dictates.

 

"The government of PM Ali Faleh al-Zaidi has presented a clear ministerial program, foremost among which is strengthening national sovereignty. Monopolizing weapons in the hands of the state & enforcing the law represent the government's starting point," al-Aboudi said in a televised statement to Al-Iraqiya News, reported by the Iraqi News Agency - INA.

 

He noted, “The national forces' response to the issue of weapons control has become evident to everyone.  It is important to restrict weapons to the state to ensure that political agendas do not dictate their control. Iraq is a fully sovereign country & its supreme authority is not subject to internal or external dictates."

 

"September 2026 will mark the end of the int'l coalition's presence in Iraq,” he highlighted.

 

Regarding the fuel station issue, Al-Aboudi confirmed that "the PM is personally overseeing the fuel station file & stations are being supplied with gasoline."

 

On salaries & the evaluation of general managers, Al-Aboudi explained that "salaries are secured & the PM differs from his predecessors because he comes from the business world & understands the intricacies of economic movements."

 

“The evaluation of general managers is one of the most important factors in institutional performance & it will be conducted scientifically & meticulously," he underscored. 

[Luigi1]

Here's another article/with video related to the above...weekly wrap up...

 

 

 

Jon Dowling Weekly Wrap Up & Latest Financial Updates June 5th 2026.

ARTICLE:  As we reach the midpoint of 2026, the global financial & geopolitical landscape continues to evolve at a rapid pace.

 

The latest weekly report, dated June 5, 2026, offers a comprehensive look into the moving parts of global currency realignment, with a specific focus on Iraq’s political trajectory, shifting U.S. economic policies & the current state of the commodities market.

 

For those tracking int'l finance, this update provides a roadmap for what to expect in the coming months.

 

A central theme of this week’s report is the significant progress made by Iraqi PM Al-Zaidi.  With the finalization of his cabinet, the focus has shifted toward imminent diplomatic engagements in Washington, D.C.

 

These meetings are expected to be a catalyst for sweeping banking reforms.  By collaborating with major global institutions like Wells Fargo & Chase, Iraq aims to bring a new level of transparency & coherence to its financial system.

 

Key to this transition is the enactment of essential legislation, including the HCL gas law & updated border tariffs.  These steps are viewed as foundational requirements for integrating Iraq’s economy more fully into the global market, moving beyond localized banking toward a more robust, internationally recognized infrastructure.

 

The energy sector is currently seeing a surge in optimism, highlighted by Xenog Xol gas reaching all-time market highs.  This spike suggests a bullish outlook for the remainder of the year, signaling potential gains for investors keeping a close eye on alternative energy sources.

 

In contrast, traditional commodities like gold, silver & crude oil remain in a holding pattern.  While the Dollar Index has shown modest fluctuations, analysts suggest these markets are poised for “breakout” movements.  These shifts are likely to be triggered by the resolution of ongoing geopolitical discussions, making the next few weeks a critical period for market watchers.

 

The report also touches on the domestic front, highlighting recent commentary from President Trump regarding the ideological divide in American economic policy.  The discussion contrasts “red” state models—largely focused on tax relief & fostering entrepreneurial growth—with the higher-tax, social-leaning policies of “blue” states.

 

The report interprets these current political sentiments as a call for broader fiscal reforms, including discussions on debt relief and sustainable economic self-reliance.

 

While U.S. equity indices are currently forecasting highs, the report tempers this optimism with a note of caution, predicting potential market corrections as we head into August & September of 2026.

 

A unique aspect of this week’s update is the intersection of strategic security & economic stability.

 

The report highlights the presence of US Marines in the Middle East as a stabilizing force, intended to deter corruption & ensure that the process of economic realignment remains transparent.

 

The goal, according to the report, is a “true” revaluation that is non-corrupt & accessible through mainstream banking institutions.  This approach aims to simplify the wealth management process for the general public, moving away from the complicated redemption processes of the past.

 

To illustrate the importance of these reforms, the report references the historical example of the Zimbabwe hyperinflation crisis, reminding us of the necessity of sound fiscal policy.

 

As we navigate these complex shifts, the message from the June 5th report is one of “watchful discernment.” With major banking reforms on the horizon & energy markets hitting record peaks, the coming months promise to be transformative.

 

For a deeper dive into these developments & to stay informed on breaking news as it happens, be sure to watch the full video update from Jon Dowling. Staying informed is the best way to navigate the evolving world of global finance.

Google key words in above title to bring up VIDEO at source.

[Luigi1]

Minister of Finance Recieves support & expertise advise from the World Bank regarding the 2026 Budget...

 

 

 

Tishwash:  The Minister of Finance Discusses With The WB Technical support For Budget Preparation & Strengthening Reforms.

ARTICLE:  Finance Minister Faleh Sari met on Sunday with a World Bank delegation to discuss technical support for Budget preparation & strengthening reforms.

 

A statement from the Ministry of Finance said that Sari received the WB delegation, headed by Regional Director Jean-Christophe Carré  & Special Representative for Iraq Emmanuel Salinas, to discuss prospects for technical & institutional cooperation & support for Iraq's financial & economic reform priorities.

 

The statement added that the meeting addressed mechanisms for cooperation with the WB in providing technical & advisory support for preparing the upcoming General Budget, enhancing the efficiency of financial planning, considering spending priorities & supporting fiscal sustainability in light of current economic changes.

 

The Minister affirmed that the Ministry of Finance is proceeding with financial reforms focused on developing financial management, enhancing non-oil revenues & modernizing banking, tax & customs systems, in line with the priorities of the government program.

 

He also noted the importance of leveraging international expertise & the technical support provided by the WB, particularly in the areas of institutional capacity building, financial policy development & supporting development projects & investment incentives.

For its part, the WB delegation reiterated its support for the Iraqi government in implementing financial & economic reform programs & providing the necessary technical advice to contribute to strengthening financial stability & supporting the Sustainable Development Goals.