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1,300 Dinars Locked In… But What Happens in 2026?
Iraq’s economic picture is sending two very different signals.
link to My FX Buddies Blog
On one hand, the government is moving to anchor stability. On the other, analysts warn that unresolved pressures are being pushed into 2026.
According to Mazhar Mohammed Saleh, financial advisor to the Prime Minister, Iraq’s exchange rate policy is not arbitrary but the result of coordinated agreement between monetary and fiscal authorities — including the Central Bank of Iraq and the Ministry of Finance.
If you'd like to Support the channel: https://cash.app/$tishwash.... https://paypal.me/tishwash....
Saleh confirmed that the proposed 1,300 dinars per dollar rate in the 2026 budget represents a stabilizing signal aimed at calming markets, reducing speculation in parallel markets, and ensuring predictability — especially since oil revenues account for roughly 90% of public income and are denominated in foreign currency.
The Central Bank, he noted, formally communicated this rate to the Ministry of Finance to be fixed within the budget framework, pending parliamentary approval.
However, a different warning is emerging from economic analysts.
Economic analyst Jalil Al-Lami argues that Iraq effectively postponed its economic crisis by operating without an independent 2025 budget, relying instead on spending ceilings from the multi-year budget covering 2023–2025. While this allowed salaries and basic expenses to continue, it limited investment, froze new projects, and avoided addressing deeper structural problems.
With global oil prices under pressure and revenues declining, Al-Lami warns that these financial stresses are now being deferred to 2026 — just as a new government takes office and faces delayed budget approval, political uncertainty, and continued reliance on the 1/12 spending rule under the Financial Management Law.
📌 Is the fixed exchange rate a stabilizer — or a holding pattern?📌 Can budget discipline offset delayed reforms?📌 Will 2026 become a year of resolution or reckoning?
🎧 Listen in as we connect the policy decisions, budget realities, and economic signals shaping Iraq’s financial path ahead.
Thanks for Watching! Following Iraq’s Story — Don’t Give Up 💰🔥
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By Tish WashingtonIraq’s economic picture is sending two very different signals.
link to My FX Buddies Blog
On one hand, the government is moving to anchor stability. On the other, analysts warn that unresolved pressures are being pushed into 2026.
According to Mazhar Mohammed Saleh, financial advisor to the Prime Minister, Iraq’s exchange rate policy is not arbitrary but the result of coordinated agreement between monetary and fiscal authorities — including the Central Bank of Iraq and the Ministry of Finance.
If you'd like to Support the channel: https://cash.app/$tishwash.... https://paypal.me/tishwash....
Saleh confirmed that the proposed 1,300 dinars per dollar rate in the 2026 budget represents a stabilizing signal aimed at calming markets, reducing speculation in parallel markets, and ensuring predictability — especially since oil revenues account for roughly 90% of public income and are denominated in foreign currency.
The Central Bank, he noted, formally communicated this rate to the Ministry of Finance to be fixed within the budget framework, pending parliamentary approval.
However, a different warning is emerging from economic analysts.
Economic analyst Jalil Al-Lami argues that Iraq effectively postponed its economic crisis by operating without an independent 2025 budget, relying instead on spending ceilings from the multi-year budget covering 2023–2025. While this allowed salaries and basic expenses to continue, it limited investment, froze new projects, and avoided addressing deeper structural problems.
With global oil prices under pressure and revenues declining, Al-Lami warns that these financial stresses are now being deferred to 2026 — just as a new government takes office and faces delayed budget approval, political uncertainty, and continued reliance on the 1/12 spending rule under the Financial Management Law.
📌 Is the fixed exchange rate a stabilizer — or a holding pattern?📌 Can budget discipline offset delayed reforms?📌 Will 2026 become a year of resolution or reckoning?
🎧 Listen in as we connect the policy decisions, budget realities, and economic signals shaping Iraq’s financial path ahead.
Thanks for Watching! Following Iraq’s Story — Don’t Give Up 💰🔥