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Wednesday, September 24, 2025

Iraq's Deleting 3 Zeros from the Dinar: Relief or Risk?

Deleting three zeros from the dinar: Citizens' concerns and experts' warnings

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Talk of the possibility of removing three zeros from the Iraqi currency has raised concerns among a wide segment of citizens and economists alike, amid questions about the national economy's readiness and families' ability to withstand the shock of a currency change, given insufficient salaries and unfulfilled reform requirements.

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Many citizens believe that reducing the number of zeros will reduce the nominal value of wages and pensions, making the decision worrisome unless it is preceded by real salary increases and the provision of a social safety net that enables citizens to adapt to the change. 
One citizen said, "Before making this decision, the government should reach out to citizens and increase salaries and daily wages, because existing salaries are already weak and insufficient, and a measure like removing zeros will only increase people's suffering." 
Another citizen added that implementing this measure requires a strong economy, sufficient financial reserves, and a lack of dependence on foreign policies such as those of the US Federal Reserve.

From a professional perspective, economic experts believe that deleting zeros is not without risk in the current circumstances, and that its implementation requires a series of preliminary measures that could extend for months. 

Speaking to Kurdistan 24, Dr. Safwan Qusay, an economic expert, warned that "financial and economic stability at this time cannot tolerate a financial shock. Such a measure requires months of preparation, and the direct victims could be employees." He emphasized that its implementation imposes strict security and banking controls, including border and airport monitoring, and identifying the sources of currency and its holders to prevent suspicious flows.

Other circles fear that deleting zeros could open the door to the exploitation of corrupt funds, and could be used as a pretext for money laundering and the disposal of assets accumulated by major corrupt individuals if implemented without transparent mechanisms and strict oversight.

Analysts believe that the safe path for a decision of this type involves a series of simultaneous steps: strengthening financial reserves, gradually raising wages to protect purchasing power, launching broad awareness campaigns, and activating oversight mechanisms to prevent the exploitation of opportunities for illegal transactions. The call remains extended to the relevant authorities to initiate a comprehensive national dialogue with citizens and experts before any final decision is made, to avoid negative repercussions that could exacerbate living and financial conditions.


Bloomberg: Türkiye will not obstruct Kurdistan's oil exports through Ceyhan port.

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Two oil officials said on Tuesday that a delegation from the Iraqi Oil Ministry and the Kurdistan Regional Government agreed on Monday to a preliminary deal with foreign oil companies to resume oil exports to Türkiye via a pipeline.

Bloomberg also quoted a Turkish official, in a statement translated by Mail, as saying that his country "will not place any obstacles to the flow of oil once the Iraqi parties reach an agreement."

The US agency quoted him as saying, "The plan to renegotiate the pipeline from the Kurdistan Region to Turkey will not impede the flow of oil. Iraq has informed us that oil exports will resume in the coming days."

Iraq, OPEC's second-largest producer, exports about 3.4 million barrels of oil per day from its southern ports, but the Kirkuk-Ceyhan pipeline in the north has been closed since March 2023 after an arbitration court ruled that Turkey must pay Iraq $1.5 billion in compensation for damages resulting from unauthorized oil exports between 2014 and 2018. Turkey is appealing the ruling .

 


SOMO confirms that an agreement is close to being concluded between Baghdad and Erbil to resume the region's oil exports.


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 The Kurdistan Regional State Organization for Oil Exports (SOMO) announced on Tuesday that an agreement to export the region's oil is close to being signed between Baghdad and Erbil, while confirming an agreement on a strict mechanism for pumping the region's oil.

The Iraqi News Agency quoted the company's director, Ali Nizar, as saying, "A great effort was made over the past months to reach an agreement between Baghdad and Erbil. The responsibility lay heavily on the Ministry of Oil, represented by all its departments and companies, including SOMO, as well as the Ministry of Natural Resources in the region. Another important aspect was the international oil producing companies in the region."

He added, "The agreement has reached its final stages, as we have reached a solid mechanism for implementing it and pumping the produced quantities from the region. We are awaiting the pumping procedures after all the details are finalized, and some matters will be documented in writing." He pointed out that "international companies need reassurance regarding the payment of their dues after the export process, as the company has worked to reassure these companies, and the government will announce the date soon after the official signing of this agreement."

Two oil officials told Reuters that the Iraqi federal government and the Kurdistan Regional Government reached an agreement on Monday with oil companies to resume crude exports via Türkiye.

This agreement would allow the resumption of exports of approximately 230,000 barrels per day from the Kurdistan Region of Iraq, which had been halted since March 2023.

An oil official familiar with the agreement told Reuters, "We will begin technical procedures to prepare pipeline operations on Tuesday, and oil flows are expected to resume within 48 hours."

The resumption of exports from the Kurdistan Region is awaiting approval from the Iraqi Council of Ministers on Tuesday.

Two sources familiar with the negotiations told Reuters that Norway's DNO, the largest international oil company operating in the Kurdistan Region, and its partner, Genel Energy, have not yet agreed on the proposed terms.

A source explained that DNO is willing to continue negotiations regarding the payment of approximately $300 million owed by the Kurdistan Regional Government for crude oil shipments prior to the pipeline shutdown.

Reuters was unable to obtain immediate comment from DNO and Genel Energy.

Iraqi officials familiar with the agreement said the initial plan calls for the Kurdistan Regional Government to commit to delivering at least 230,000 barrels per day to Iraq's state-run oil marketing company (SOMO), while retaining approximately 50,000 barrels per day for domestic use.

Under the new agreement, an independent company will manage sales from the Turkish port of Ceyhan using the official prices of the Iraqi State Oil Marketing Organization (SOMO).

Officials said that $16 for each barrel sold will be transferred to an escrow account and distributed to producers according to their quotas. The remaining revenue will go to SOMO.

DNO alone produced 78,400 barrels per day from the Tawke and Fishkhabur fields in the first half of this year, which was sold to the local market.

The draft plan did not specify how or when producers would receive approximately $1 billion in unpaid arrears, accrued between September 2022 and March 2023.

An oil company executive said companies expect to receive a greater share of production revenues in the future.

The agreement reached by a delegation from the Iraqi Ministry of Oil and the semi-autonomous Kurdistan Regional Government with oil companies comes at a time when OPEC+ countries are pumping more barrels of oil into the market to increase their market share.




DNO welcomes the agreement to export Kurdistan oil

link          this is one of the companies  so they are done  I'm still looking for the other company

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DNO welcomes the tripartite agreement on Kurdistan oil exports.

The Norwegian Oil and Gas Company (DNO) welcomed the agreement between the Iraqi Federal Government, the Kurdistan Regional Government and a number of international oil companies to resume exports of Kurdistan Regional Government (KRG) crude oil through the Iraq-Turkey oil pipeline.

The company stressed that it has always wanted to resume exports, but under agreements that secure payment for past accumulated debts and future exports, based on the legal, economic and commercial terms of its joint production contracts with the Kurdistan Region.

The company said it has increased spending to repair damage caused by drone strikes in July 2025 at the Tauke and Peshkhabur fields. There are also plans for further investment to drill eight new wells in the Tauke license in 2026, with the aim of reaching overall production levels of up to 100,000 barrels per day.

The Ministry of Natural Resources of the Kurdistan Regional Government (KRG), the Federal Ministry of Oil of Iraq and oil producing companies reached an agreement on the mechanism of oil exports.

The tripartite agreement is expected to be announced by Prime Minister Mohammed Shia Sudani at a meeting of the Iraqi Council of Ministers on Tuesday. 

Kurdistan Regional Government (KRG) oil exports stopped in March 2023 after an arbitration court in Paris ruled that Turkey exported oil from the Kurdistan Region between 2014 and 2018 without the consent of the Iraqi federal government. 

The court ordered Turkey to pay $1.5 billion in compensation to Baghdad. Although Turkey has appealed the decision, it has expressed its readiness to resume oil exports.

Iraq is currently OPEC's second-largest oil producer, exporting 3.4 million barrels of crude oil per day from southern ports.




Economist: The tripartite oil agreement is linked to 57 contracts with foreign companies.

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Economic expert Nabil al-Marsoumi confirmed on Tuesday the difficulty of evaluating the tripartite oil agreement, given that its details have not yet been published. He noted that the agreement is linked to 57 contracts with foreign companies operating in the Kurdistan Region.

In a statement monitored by Iraq Observer, Al-Marsoumi said, "Evaluating the agreement is difficult in the absence of details, but indications point to an imminent agreement between the three parties." He explained that "the problem is not only between Baghdad and Kurdistan, but also relates to foreign companies that have 57 contracts concluded with the region."

He added, "These companies are not among the largest global or American giants, but rather medium- and small-sized companies due to the small size of the oil fields in Kurdistan." He explained that "they all operate under production-sharing contracts, whereby the investor or company undertakes the spending and investment, and then begins to recover its dues when production reaches the commercial stage."


Source: Baghdad agrees to pay Kurdistan employees' salaries for July

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Source: Baghdad agrees to pay Kurdistan employees' salaries for July

The Iraqi government has agreed to pay salaries owed to Kurdistan Region employees for July.

 

The Iraqi Council of Ministers held a regular session on Tuesday, September 23, 2025, chaired by Prime Minister Mohammed Shia al-Sudani, to discuss a number of political and service issues on the agenda.

 

A senior source within the Council of Ministers in Baghdad told Al-Jebel Platform that "the Council of Ministers approved the disbursement of salaries for Kurdistan Region employees for the month of July," adding that "disbursement procedures will begin tomorrow, Wednesday."

 

For his part, a source at the Central Bank of Iraq's Erbil branch confirmed to Al-Jabal that "the amount allocated for employee salaries is fully prepared, without any shortage."

 

This comes after the federal government, the Kurdistan Regional Government, and the region's oil-producing companies reached final understandings regarding the resumption of oil exports from the region's fields, signing a tripartite agreement yesterday.

next week

 

The date for sending the Kurdistan Regional Government's September payroll to Baghdad.

 

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An informed source reported today, Tuesday (September 23, 2025), that the Kurdistan Regional Government's salary list for September will be sent to Baghdad early next week.

The source told Baghdad Today that "95% of the work on the Kurdistan Regional Government's payroll for September has been completed, and it will be sent to Baghdad next week," noting that "a delegation from the Kurdistan Regional Government will visit Baghdad to review the list."

He added, "The accounting units have completed most of the work to prepare the September payroll, with only a small portion remaining, which will be completed within the next few days."

The Kurdistan Region's civil servants' salaries have been in crisis for months, stemming from disagreements between the Baghdad and Erbil governments over the management of oil resources and the implementation of budget provisions. This has been accompanied by political and popular demands for an urgent solution to prevent the deterioration of living conditions in the region.

Oil revenues and salaries for Kurdistan Region employees are sensitive economic issues that are the focus of ongoing negotiations between the federal government and the regional government.

The Kurdistan Region has independent oil production, but challenges such as damage to oil sites and delayed revenue receipts impact the stability of the region's public finances and affect the payment of salaries to its employees. Therefore, frequent meetings are held between the two parties to resolve these issues and guarantee the rights of the region's employees, especially given the growing need for more transparent and effective financial coordination.


An integrated digital economy in Iraq next year

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The Prime Minister's financial and economic advisor, Mazhar Mohammed Salih, stressed the importance of the Central Bank of Iraq's announcement that cash payments will be phased out in all government institutions and other facilities in July 2026.

The Central Bank made a statement reported by Al-Sabah newspaper the day before yesterday, confirming the farewell to paper transactions in July of next year.

In a press interview, Saleh said that Iraq's farewell to cash payments in 2026 represents a major strategic step toward building an integrated digital economy that reduces corruption, enhances transparency, and encourages financial inclusion. This shift will not simply represent a change in payment methods, but rather the beginning of a new era of financial modernity in the country.

Saleh believes that, in terms of fiscal policy, this shift will facilitate total government payments, including salaries, pensions, loans, and support, as well as the collection of wages, fees, and government taxes through faster and more accurate digital channels, all of which will enhance the liquidity and governance of the general budget.

Saleh added that this step strengthens the unified treasury account and the cash flow account for public finances, reducing the chances of emergency government borrowing. Regarding monetary policy, it strengthens the close monitoring of capital flows, giving the central bank better tools to control inflation rates and liquidity simultaneously.

The advisor pointed out that this shift will encourage citizens to embrace a culture of electronic payments and encourage unbanked individuals to join the banking system, expanding the financial customer base, expanding the scope of financial inclusion and reducing the cost of cash transactions.




Iraqi-Australian talks to support Iraq's efforts to join the World Trade Organization

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Iraqi-Australian talks to support Iraq's efforts to join the World Trade Organization

The Federation of Chambers of Commerce announced on Tuesday that Iraqi-Australian talks are underway to support Iraq's efforts to join the World Trade Organization. It also indicated a move to form joint business councils and attract companies to Iraq .

 

The head of the union, Abdul Razzaq Al-Zuhairi, told the Iraqi News Agency (INA): "The union met with the Australian ambassador to Baghdad, and during the meeting, they discussed the volume of trade exchange between the two countries and the possibility of signing a memorandum of understanding with the Federation of Australian Chambers of Commerce to form joint business councils that would contribute to transferring Australian industry into Iraq ."

He added that "the discussions also addressed ways to enhance cooperation to create an environment for economic partnership between Iraq and Australia," noting that "these relations will contribute to supporting Iraq's efforts to join the World Trade Organization ."


Reducing corruption and enhancing transparency... an integrated digital economy in Iraq next year

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The financial and economic advisor to the Prime Minister, Mazhar Mohammed Salih, revealed on Tuesday the importance of the Central Bank of Iraq's announcement to end cash payments in all government institutions and other facilities in July 2026.

 

Saleh told Shafaq News Agency, "Iraq's farewell to cash payments in 2026 represents a major strategic step toward building an integrated digital economy that reduces corruption, enhances transparency, and encourages financial inclusion. This shift will not simply be a change in payment methods, but rather the beginning of a new era of financial modernity in the country."

 

According to him, at the fiscal policy level, this shift will facilitate total government payments, including salaries, pensions, loans, and support, as well as the collection of wages, fees, and government tax collections, via faster and more accurate digital channels, all of which will enhance the liquidity and governance of the general budget.



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The amendment to the Ministry of Education Law will enter into force after its publication in the Iraqi Gazette.

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The Ministry of Education's law entered into force today, Tuesday, after its publication in the Iraqi Gazette, issued by the Ministry of Justice. 

Director General of the Iraqi Gazette, Haifa Shukr Mahmoud, said in a statement from the ministry received by Mail, "The new issue of the Iraqi Gazette, No. (4841), has been issued, which includes the publication of a group of laws, decrees, and official decisions." 

She explained that "the issue included the issuance of Law No. (9) of 2025 (the first amendment to the Ministry of Education Law No. (22) of 2011), in addition to Law No. (10) of 2025 (the second amendment to the Political Prisoners Foundation Law No. (4) of 2006)." 

She added, "The issue also included the publication of Republican Decrees No. (44), (45), (46) and (47) of 2025, in addition to the decisions of the Terrorist Funds Freezing Committee No. (51) and (52) of 2025, along with the Ministry of Finance Statement No. (5) of 2025." 


Events at home and abroad... Al-Sudani directs the announcement of celebrations in preparation for Iraqi National Day.

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Tuesday, Prime Minister Mohammed Shia Al-Sudani directed the announcement of the manifestations of celebration of the Iraqi National Day in all ministries and the raising of the Iraqi flag.

His media office said in a statement received by Al-Youm Al-Akhbariya: “In preparation for the celebration of the Iraqi National Day, which falls on the third of October, and in order to demonstrate this occasion that expresses the value of belonging to the homeland and adherence to the unity of our people, and the consolidation of the national identity, Prime Minister Mohammed Shia Al-Sudani directed the announcement of national manifestations of celebration of this occasion in all ministries and governorates.”

He also directed “raising the Iraqi flag in public places and implementing public cultural and social celebratory activities, as determined by the relevant committee formed, in addition to holding special events for the National Day inside and outside Iraq.”




Banks expand, numbers jump 1,400%... 5.6 million cards outline Iraq's "financial revolution"

 

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The Central Bank of Iraq's announcement that the number of domiciled employee cards has reached 5.6 million was not merely an administrative figure; it is a profound indication of the scale of the ongoing transformation of the Iraqi economy. Economic expert Nasser Al-Kinani interprets this shift as "a major strategic step toward transitioning to a digital economy and enhancing financial inclusion," emphasizing that the new approach aligns with the global trend toward reducing reliance on cash and the risks associated with counterfeiting, money laundering, and the difficulty of oversight.

Al-Kanani explains that adopting electronic payment systems opens a wider window for financial transparency, improves the efficiency of government collection and revenues, and reduces the size of the parallel economy, which for decades has been an obstacle to building a regulated economy. He adds that if Iraq makes good use of this phase, it will achieve a double leap: on the one hand, it will regulate the flow of funds, and on the other, it will expand the base of financial inclusion, providing the state and society with new opportunities for investment and savings.

But the challenge is no less important than the ambition. Al-Kanani points out that "the digital infrastructure and the ability to secure a secure and reliable payment network covering all cities and rural areas" remain the biggest obstacle. The gap between the center and the periphery could threaten this project if it is not accompanied by a government effort to expand the internet network and ensure electricity stability, in addition to raising citizens' financial literacy and encouraging them to use electronic means. He therefore emphasizes the need for coordinated cooperation between the government, banks, and payment companies to provide practical solutions for all segments of society, from government employees to retirees and self-employed individuals.

To support Al-Kanani's claim, official government data reveals the magnitude of the leaps achieved over the past three years. The number of bank accounts rose to nearly 20 million, compared to only 8 million in 2022, a growth rate exceeding 150%. Bank cards of various types reached between 21 and 22 million, compared to 16 million three years ago, an increase of 38%. Infrastructure expanded at an unprecedented pace; the number of point-of-sale (POS) terminals rose to 62,000, up from less than 10,000 in 2022, and the number of ATMs jumped to 7,531, compared to only 2,223 three years ago.

These figures, which experts describe as a qualitative transformation, become even more evident when looking at total electronic payments, which reached 1.37 trillion dinars in May 2025, up from just 90 billion at the end of 2022, representing a growth rate of 1,400%. Financial inclusion also rose to approximately 40%, up from less than 10% in 2019, reflecting the entry of large segments of society into the formal financial system after decades of reliance on paper money.

Al-Kanani believes that when these indicators are coupled with ongoing government projects, such as the activation of the local card by the end of 2025, the launch of rapid payment, the adoption of unified electronic collection, and the localization of private sector salaries, Iraq will enter a "new phase that redefines the relationship between citizens and the state based on transparency and trust," provided that technical and legislative obstacles are addressed through a serious national plan accompanied by a comprehensive awareness campaign.

In conclusion, Al-Kanani outlines the scenario: Without capitalizing on this digital boom, the Iraqi economy will remain captive to the same risks that have hobbled it for decades. However, if it is seriously invested in, the July 2026 deadline set by the Central Bank could become a true turning point, launching Iraq toward a more disciplined, just, and globally integrated economy.




Statements of the Central Bank and the Ministry of Finance on the remittance and distribution of salaries

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لێدوانی بانکی ناوەندی و وەزارەتی دارایی لەبارەی ناردنی پارە و دابەشکردنی مووچە



The Ministry of Finance and Economy will complete the distribution of salaries within two to three days.  The


Iraqi Council of Ministers held a meeting on Tuesday to discuss the payment of the seventh month salaries, according to Ava's reporter in Baghdad. 


Official statement : A senior source in the Iraqi Council of Ministers told Ava: The Iraqi Council of Ministers decided to pay the seventh month salaries of the Kurdistan Region, Iraq in return set the condition of sending 120 billion dinars of non-oil revenues. The Ministry of Finance and Economy of the Kurdistan Region of Iraq (KRG


)  told Ava that the salaries will be distributed within two to three days.


Al-Zurfi returns from Washington: Al-Sudani attempts to meet Trump and fails...contrary to Sharia

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Al-Zurfi returns from Washington: Al-Sudani attempts to meet Trump and fails...contrary to Sharia

He ruled out the strike and was worried about the penalty.

 

Adnan al-Zurfi, head of the Alternative Alliance, who just returned from Washington on Tuesday, spoke with regret about Iraq's "declining" position in international forums. Even Syria's new president is receiving a lavish reception in New York, while Prime Minister Mohammed al-Sudani has been unable to secure an appointment with the White House and President Donald Trump.

 

 Adnan Al-Zarfi, head of the Alternative Alliance, with journalist Samer Jawad

This major shift reflects Syria's openness, its ability to overcome obstacles, and its understanding of its regional environment and the new US policy. Ahmad al-Sharaa is receiving this warm welcome in America, while the Iraqi Prime Minister has been unable to secure a meeting with the US President. This is an indication that US policy has begun to significantly and clearly deviate from the situation inside Iraq. The withdrawal of US forces is one indicator of a reduction in political and security engagement.

When Erdogan asks to see Trump, he goes and meets him directly. But that doesn't happen with Iraq. In the eyes of the United States, we are a state subservient to Iran. When you visit the US National Security Agency or the US State Department, you are met by someone whose position is "responsible for the Iran-Iraq file," and the two countries are treated as one file.

The threat to SOMO and the Central Bank of Iraq remains, despite the significant reforms the central bank is undertaking to avoid future US sanctions related to financial and banking transactions within Iraq.

(Regarding the oil smuggling file.) Our problem is that we believe we can hide our problems from others. The point is that our problems are real, and the smuggling operations are documented. Some of the information and documents came from government institutions here in Iraq, and there is photography, data, and precise monitoring by the US Treasury.

I believe what Iraq will face after the tightened sanctions on Iran is more dangerous than any bombing operations that the US or Israel may carry out on some sites in Iraq. The bombing is worthless if 5-10 sites in Iraq are bombed. In other words, if the trigger mechanism is implemented, it will pose a serious challenge and threat to the Iraqi economy. It is more dangerous than any bombing operations that the US or Israel may carry out on factions in Iraq, which mean nothing to me.

What I know is that another package of sanctions is in the works targeting political, economic, and faction figures, but I have not heard of any military targeting of leaders within the framework.

We expect the Alternative Alliance to win 20 seats in Nasiriyah, Kut, Najaf, Salah al-Din, Baghdad, Diwaniyah, and Karbala.


Date of remittance and salary distribution

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وادەی ناردنی پارە و دابەشکردنی مووچە

 

According to Ava, the payment of the seventh month salary will begin tomorrow Tuesday and next week Baghdad will deposit the seventh month salary into the account of the Ministry of Finance.

 

Iraqi Prime Minister Mohammed Shia Sudani has decided to pay the seventh month salaries of the Kurdistan Regional Government (KRG) employees .


Meanwhile, the payment of salaries is the same as in the previous two months in exchange for sending 120 billion dinars of non-oil revenue.

 

Special Information: Ava has learned that the sending of the seventh month salary will be next week, so that the money will arrive next Tuesday or Wednesday and then the salary distribution schedule will be published and start distributing. 


On the other hand, the Kurdistan Ministry of Finance has collected more than 120 billion dinars of non-oil revenues.

 

- A source in the Erbil branch of the Central Bank of Iraq told Ava: They have enough money for salaries, even now they have more than three trillion dinars in cash, which is enough for three months of salaries in Kurdistan. 


Regarding the distribution of salaries, Ava spoke to the Ministry of Finance, they said the salary list is ready and as in previous months, with the arrival of money will publish the salary schedule and within two to three days will be distributed.

 

The decision to pay the seventh month salaries of the Kurdistan Regional Government (KRG) comes at a time when Iraq itself has begun to distribute the ninth month salaries .

 

Next step: According to a senior Iraqi official who spoke to Ava, tomorrow Wednesday, the Iraqi Council of Ministers will send a letter to the Ministry of Finance to pay salaries. However, as the salary distribution has begun in Iraq, the Iraqi Ministry of Finance is likely to pay the salaries of several places and then pay the salaries of employees in the Kurdistan Region. Accordingly, the money is expected to reach the Kurdistan Region next Tuesday or Wednesday.



The suspended budget: economic paralysis threatens job opportunities in Iraq.

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Iraqi economy

Economist Ahmed Saddam warned of the repercussions of the continued delay in approving the 2024 budget, stressing that this will lead to disruption of investment spending, halting many infrastructure projects and slowing economic growth.

In an interview with Jarida Platform, Saddam pointed out that "relying on a 1/12th of the current year's budget will only cover current expenditures," adding that this situation could lead to continued political disputes, impact the work of government institutions, and undermine investor confidence in the Iraqi market.

He also warned that "failure to pass the budget could force the government to borrow from the Central Bank's reserves, which would negatively impact inflation levels and the dollar exchange rate."

He explained that "all these factors combined will affect the government's ability to create job opportunities through investment projects, which could lead to rising unemployment and poverty rates over the next year."



Removing zeros from the Iraqi currency is a proposal that has met with astonishment and aversion from some citizens.



0:04
One million dinars will become 1,000 dinars and so on.
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One thousand dinars could become one dinar.
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This will be the case if the relevant authorities begin
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the process of removing three zeros from the currency.
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Perhaps citizens will not accept it, as pessimism was present in their minds.
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especially since the level of salaries
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and wages is basically insufficient for them, in addition to
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the lack of a strong economic system in Iraq.
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Before taking this measure, the government should
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go to the citizen and strengthen
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his salary or what he earns as a daily wage.
0:47
The citizen should be prepared for this shock because
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In reality, the salary shock is the salaries.
0:54
Automatically, low salaries and inadequate pay.
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The citizen In addition to that, you come

1:02
Deleting travel documents reduces the value of the currency.
1:06
It is achieved in the case of a strong economy.
1:09
Debts. No financial problems. No problems.
1:12
With the US Federal Reserve and the like.
1:15
Therefore, when deleting zeros,
1:18
There must be a strong economy with a lot of
1:21
balance.
1:24
As for economists, this issue, from their point of view,
1:27
does not appear to be dangerous at the present time.
1:30
At least, its implementation requires measures.
1:33
Preceding it, and the initial damage that may result from
1:37
Deleting zeros from the currency will affect employees.
1:40
You feel that the dinar has become a fad.
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Financial and economic stability in this.
1:44
The timing does not require a financial shock because
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Such a measure requires a number of Months
1:52
And certainly the direct victims will be
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the employees. The issue requires closing the borders.
1:58
It requires monitoring the airports. It requires knowing who they are.
2:02
those who hold the Iraqi dinar they wish to exchange.
2:04
Where did they get this dinar from?
2:07
Iraqi
2:12
Removing the travel documents from the currency will open a new door.
2:15
for the corrupt, as some say, to get rid of
2:18
the currency hoarded by the heads of corruption by
2:22
replacing it with the new currency if the
2:26
zeroes are removed from the dinar.
2:28
From Baghdad, Saif Ali Kurdistan in the stiletto.

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