Economist: RV-RI Is Not A Priority At This Time.

[Luigi1]

Here's some articles of Dinarian interests...

The top stories are:

-Economist: RV-RI is not a priority at this time.

-Zaidi grated extraordinary economic powers due to lack of a 2026 Budget.

Treat as a rumor.  Not verified.  Your opine.

 

 

Economic Expert: The Priority Is Not The Strength Of The Dinar, But Securing Financial Liquidity.

ARTICLE:  On Saturday (June 6, 2026), economist Ziad Al-Hashemi commented on the statements of the PM’s advisors regarding the government’s measures to stabilize the value of the Iraqi Dinar and maintain its purchasing power, considering that the current timing is not appropriate for this economic discourse.

 

Al-Hashemi said in a post on social media, which was followed by “Baghdad Today”, that “the Iraqi PM’s office is talking about the government’s work to stabilize (the value of the Iraqi Dinar) & maintain its purchasing power,” indicating that “in general this approach is good & required in principle, but now is not the time to talk about the value of the Dinar or its purchasing power.”

 

He added that "the critical problem now is not the value or strength of the Dinar, but rather the availability of the Dinar.  The government is clearly suffering from a lack of sufficient Dinars to sustain its work & pay salaries on time, as a result of the decline in oil revenues to their lowest level."

 

He pointed out that "the government was required to speak transparently & to tell the people the extent of the problem, what its emergency plan is to deal with the shortage of Dinar liquidity in its treasury & what its procedures are to provide the liquidity required to feed public finances during this month & the coming months."

 

The economist explained: “As for talking about the value of the Dinar, its purchasing power & the inflation rate, this can be postponed to the future & after overcoming the current suffocating financial crisis that complicates the work of the Iraqi government & prevents it from performing its financial duties as it should,” stressing that “such statements about the value of the Dinar are appropriate for normal conditions & not in an exceptional emergency situation in which the government is suffering from a shortage of Dinars.”

 

Saleh's Appearance: The 2027 Budget Enhances Fiscal Sustainability  & Supports Economic Reform.

ARTICLE:  The financial advisor to the PM, Mazhar Muhammad Saleh, confirmed on Monday that the 2027 Budget will enhance financial sustainability & support economic reform, noting that government spending continues in accordance with the Financial Management Law despite the delay in approving the Budget.

 

Saleh said in a press statement: “Iraqi financial policy is still being managed in accordance with the provisions of the amended Federal Financial Management Law No. (6) of 2019, particularly Article (13) thereof, which regulates the mechanisms of public spending in the event of a delay in the approval of the Federal General Budget Law,” noting that “the aforementioned article allowed the continuation of the work of state institutions by granting the Minister of Finance the authority to authorize ministries & entities not affiliated with a ministry to spend at a rate of (1/12) monthly of the total actual current expenditures for the previous fiscal year after excluding non-recurring expenditures, until the approval of the Federal General Budget.”

 

He added that “this mechanism contributed to ensuring the financing of the state’s basic obligations, foremost among them salaries, wages, pensions, social protection a& welfare benefits, as well as the operational expenses necessary to continue providing public services,” explaining that “the same article allowed for the continuation of financing ongoing investment projects based on actual completion rates or completed equipment, provided that cash liquidity & expected allocations are available within the subsequent Budget Project.”

 

Saleh explained that “Iraqi public finances faced exceptional challenges during 2026 as a result of geopolitical & regional developments & the accompanying disruptions in global energy markets, supply chains & int'l trade, which directly affected oil revenues, which represent the main source of public revenues,” stressing that “these changes imposed increasing pressure on the government’s financial position & its ability to finance operational & investment spending, which prompted the government & the Ministry of Finance to move towards preparing the draft Federal General Budget for 2027 according to a reformist perspective aimed at maintaining financial sustainability & macroeconomic stability.”

 

He pointed out that "the anticipated Budget will focus on enhancing the efficiency of public resource management & rationalizing operational spending, protecting social spending related to the most vulnerable groups, as well as giving priority to investment projects with high economic & developmental feasibility," noting that "among the Budget's priorities is also diversifying sources of public revenues & reducing relative dependence on oil revenues, supporting financial & administrative reform programs & government digitalization, in addition to enhancing the nat'l economy's ability to cope with external shocks & achieve financial stability in the medium & long term."

 

Saleh affirmed that "these trends are consistent with the objectives of the state's financial strategy & public financial management development programs, as well as the pillars of Iraq's 2035 vision, which aims to build a diversified & sustainable economy capable of achieving comprehensive growth & development & enhancing the resilience of public finances in the face of regional & int'l changes."

 

The PM's Advisor Reveals Details Of The 2027 Budget: It Will Be Reform-Oriented.

ARTICLE:  The PM's financial advisor confirmed Mazhar Muhammad SalihOn Monday, he stated that the 2027 Budget will enhance fiscal sustainability & support economic reform, noting that government spending will continue according to Financial Management LawDespite the delay in approving the Budget.

 

Saleh said in a statement to the official news agency, which was followed by Alsumaria News Iraqi fiscal policy is still being managed according to the provisions of Federal Financial Management Act Law No. (6) of 2019, as amended, and in particular Article (13) thereof, which regulates the mechanisms of public spending in the event of a delay in approval Federal General Budget Law.

 

He pointed out that "the aforementioned article allowed the continuation of the work of state institutions by granting the Minister of Finance the authority to authorize ministries & entities not affiliated with a ministry to spend (1/12) monthly from the total actual current expenditures for the previous fiscal year after excluding non-recurring expenditures, until approval Federal General Budget"

 

He added that "this mechanism has contributed to ensuring the financing of the state's basic obligations, foremost among them salaries, wages, pensions, social protection & welfare benefits, as well as the operational expenses necessary to continue providing services."public services.

 

He explained that the same article allowed for the continued funding of ongoing investment projects based on actual completion rates or completed equipment, provided that cash liquidity & anticipated allocations were available within the subsequent Budget.

 

Saleh further clarified that "Iraqi public finances faced exceptional challenges during 2026 as a result of geopolitical & regional developments & the accompanying market turmoil."Global Energy International supply chains & trade have been disrupted, directly impacting oil revenues, which are the primary source of public income.

 

These changes have placed increasing pressure on the government's financial position & its ability to finance operational & investment spending, prompting the government & the Ministry of Finance to prepare the Draft Budget Federal General For 2027, according to a reformist perspective aimed at maintaining fiscal sustainability & macroeconomic stability.”

 

He pointed out that “the anticipated budget will focus on enhancing efficiency.”Resource Management.

 

The Budget also prioritizes public spending, rationalizing operational expenditures, protecting social spending related to the most vulnerable groups & prioritizing investment projects with high economic & developmental feasibility.

 

He noted that other Budget priorities include diversifying public revenue sources, reducing relative dependence on oil revenues, supporting financial & administrative reform programs & government digitalization & enhancing capacity national economy to confront external shocks and achieve financial stability in the medium & long term." 

 

The Finance Committee Rules Out Approving The 2026 Budget - Confirms: Salary Payments Will Not Be Affected.

ARTICLE:  The parliamentary finance committee explained that approving the 2026 Budget is unlikely given the ongoing work to complete the government program & the cabinet, while stressing that the current priority is securing salaries & addressing the economic challenges facing the government.

 

Finance Committee member, Ribwar Karim, told the official newspaper, as reported by "Economy News," that "this year's Budget will most likely not exist & work will begin on studying the 2027 Budget, stressing that securing salaries will not be affected & that the government has very large capabilities to address the deficit through internal or external borrowing or by using the CBI."

 

Karim added that "everyone agrees on supporting the government's efforts in securing salaries & reaching the next Budget, indicating that things will be clearer in the next Budget with regard to the effects of the Strait of Hormuz & oil prices & expanding revenues, especially after the application of the Customs Tariff Law & the ASYCUDA system, which will provide greater diversity in sources of income."

 

Karim explained that the absence of a budget until the middle of the fiscal year is directly related to the government program, especially since the government is still in the process of completing its formation & the House of Representatives has granted the PM the necessary confidence & powers.

 

He stressed that the Finance Committee is ready to support the government in facing the economic challenges, whether the 2026 Budget is presented or not, indicating that any move to legislate an alternative law similar to the Food Security Law has not been proposed yet & the matter is left to the request of the government & the PM’s vision for the next stage.  

[Luigi1]

HUGE:  Here's another article related to the above...CBI prints more Dinar to cover wages & expenditures...

 

 

FROM IRAQI SOURCES:  CBI Prints Trillions Of Dinars To Cover State Expenditures.

ARTICLE:  The Central Bank of Iraq (CBI) issued around 25 trillion Dinars to pay governmental expenditures, bringing the total money supply to 125 trillion Dinars. 

 

According to media reports, the step took place to counter falling oil income caused by regional interruptions in petroleum shipments.

 

Iraq’s crude oil exports fell by 3.22 million barrels per day in May 2026, a loss of more than 97 percent, owing to continuous disruptions in marine traffic in the Strait of Hormuz caused by the war against Iran. 

 

The revenues generated from oil exports plummeted to $1.87 billion in April, a drop of roughly $5 billion from pre-war levels. 

 

Given Baghdad’s near-total reliance on oil revenues to cover public spending, this dramatic cash outflow threatens to exacerbate the country’s structural fiscal imbalance. 

 

The issuance of more banknotes has caused tremendous economic strain, fueling inflation & diminishing the purchase value of the local currency. 

 

Iraqi Foreign Minister Fuad Hussein has cautioned that the step represents a short-term solution & that extended disruptions in oil shipments might jeopardize public-sector payrolls. 

 

The government issued the 25 trillion Dinars to avoid a short-term liquidity crisis, as Iraq’s economy is heavily reliant on oil exports. 

 

The expansion of the money supply at a far quicker rate than economic development feeds inflation & distorts the nat'l currency’s true value. 

 

The CBI sought to stabilize the currency by setting an official exchange rate of 1,300 Iraqi Dinars per USD for the government Budget, but parallel market values remain much higher.

[Luigi1]

Luigi's two cents worth on the above article:

CBI printing more money to offset expenditures & wages is not looking good.

This will ultimately leed to higher inflation, weaken the ER & reduced purchasing power for ordinary Iraqi citizens.

 

Iraq is in a very tough economic situation right now.

Iraq is most affected by the US-Iran War, more so than any other nation.

This according to a IMF Report earlier this week.

 

I'm not saying Iraq-CBI are making bad choices...

They are just trying to survive this bad situation they are in at this time.

 

It's not looking good right now for Dinarians.

It may take more than a miracle to turn Iraq's fortunes around right now.

Don't shoot me...I'm only the messenger.   IMHO.

[hspotman]

3 hours ago, Luigi1 said:

Luigi's two cents worth on the above article:

CBI printing more money to offset expenditures & wages is not looking good.

This will ultimately leed to higher inflation, weaken the ER & reduced purchasing power for ordinary Iraqi citizens.

 

Iraq is in a very tough economic situation right now.

Iraq is most affected by the US-Iran War, more so than any other nation.

This according to a IMF Report earlier this week.

 

I'm not saying Iraq-CBI are making bad choices...

They are just trying to survive this bad situation they are in at this time.

 

It's not looking good right now for Dinarians.

It may take more than a miracle to turn Iraq's fortunes around right now.

Don't shoot me...I'm only the messenger.   IMHO.

So what is your response to those who are saying this is all just misinfo, and it only makes them more excited, yada yada yada?

[southbeach]

The “economist” above is so lying.

[Luigi1]

18 minutes ago, hspotman said:

So what is your response to those who are saying this is all just misinfo, and it only makes them more excited, yada yada yada?

 

We got to take the good news along with the bad news & then base our decissions from there forward.

 

The Gurus will always give you the good news.   IMHO.

[cjdavid]

Oh my goodness…bless those gurus hearts. I thought we were In The window of June/July for them to finally get this done? Geesh…I will be amazed if this ever happens in what is left of my lifetime! Bunch of heads in the sand camel jockies being lackies of Iran all these years. Literally what a bunch of corrupt losers! 

[hspotman]

4 hours ago, Luigi1 said:

 

We got to take the good news along with the bad news & then base our decissions from there forward.

 

The Gurus will always give you the good news.   IMHO.

I was referring to members here that believe this is all misinfo. Reference other threads lately.

[screwball]

9 hours ago, Luigi1 said:

such statements about the value of the Dinar are appropriate for normal conditions & not in an exceptional emergency situation in which the government is suffering from a shortage of Dinars.”

yep fools...they both go hand in hand make the dinar 1:1 or greater and all that cash under the beds will be in the banks....

[screwball]

8 hours ago, Luigi1 said:

Luigi's two cents worth on the above article:

CBI printing more money to offset expenditures & wages is not looking good.

This will ultimately leed to higher inflation, weaken the ER & reduced purchasing power for ordinary Iraqi citizens.

 

Iraq is in a very tough economic situation right now.

Iraq is most affected by the US-Iran War, more so than any other nation.

This according to a IMF Report earlier this week.

 

I'm not saying Iraq-CBI are making bad choices...

They are just trying to survive this bad situation they are in at this time.

 

It's not looking good right now for Dinarians.

It may take more than a miracle to turn Iraq's fortunes around right now.

Don't shoot me...I'm only the messenger.   IMHO.

well theres articles saying they havent....so which one do you believe??? the issue here is no liquidty! why? because they have given the iraqis no reason to put in the banks...this is marshall plan 101, this whole iraq war was built around the marshall plan...iraq has to stop using usd in country, they dont have enough IQD so the answer is easy draw in the 75 trillion or 90 trillion under the beds....how? raise rates delete zeros, give them period to exchange old for new in country! or people can think about is the past! well blame the democrats, cabal and obama and his investment in ISIS and Iran for the past 20 years! This issue of printing is no issue really, as all countries us debt bonds to raise investment capital for infrastructure projects! These bonds are bought using foreign currency with a rate of return over 20-25 years for their investment! The US and Australian Governments have been doing this for years thats why your are 32 trillion in debt and australian is 1 trillion in debt! 

[screwball]

4 hours ago, southbeach said:

The “economist” above is so lying.

100% BS

[southbeach]

2 minutes ago, screwball said:

100% BS