Dinar on Sale for $975 (shipped)!!

FedEx shipping included (CONUS only) with purchase – ONLY $975 per million. If you would like to buy (or sell) Dinar, please call 615-509-6256 (or text) or e-mail us at DinarUpdates@icloud.com

The Ministry of Finance is considering three options to overcome the employee salary crisis.

Former member of the parliamentary finance committee, Sherwan Mirza, revealed on Monday that the Ministry of Finance has begun studying three scenarios to get out of the liquidity crisis, foremost among them being external borrowing, printing currency, or recovering the cash mass, which amounts to about 90 billion dollars.

Mirza explained to Al-Maalomah News Agency that “the government, represented by the Ministry of Finance, is trying to address the financial problem through several scenarios, foremost among them being the move towards external borrowing, as well as recovering the cash mass held by citizens and companies, which is estimated at $90 billion, and also finding alternatives for exporting Iraqi oil.”

The former representative for Sulaimaniyah Governorate in the Kurdistan Region called on the government to bolster and prioritize non-oil revenues during this period as part of overcoming the current economic crisis.

Almaalomah.me

Iraq announces electrical interconnection with Türkiye: 600 megawatts have entered the national grid.

Former spokesperson for the Ministry of Electricity and energy expert Ahmed Moussa announced on Monday the completion of the electrical interconnection between Iraq and Turkey, adding 600 megawatts to the Iraqi national grid.

Moussa told the Information Agency that “specialized energy teams were able to complete the electrical interconnection with Turkey in the past few hours, adding approximately 600 megawatts to the national grid.”

He continued, “Work is ongoing with Jordan to add 50 megawatts to the main grid by mid-September.” He noted that “the Gulf interconnection is also still underway, and it is hoped that 500 megawatts will be added to the national grid at the beginning of September.”

He pointed out that “the delay in the Gulf interconnection is due to the deployment of the Kuwaiti army in the desert, which caused this delay.” He explained that “all these additions do not exceed 2,500 megawatts, and therefore will not contribute to solving the electricity crisis, which will continue.”

He explained that “the process of importing energy and gas from the Iranian side is still ongoing,” calling on the government to rely on solar energy, address losses, develop production, and utilize domestic gas to solve the electricity problem throughout the country. History

Almaalomah.me

Salaries are causing panic among Iraqis; parliamentary action is underway to secure them.

MP Duha Laibi Al-Bahadli revealed today, Monday, a parliamentary move to host the Minister of Finance inside the House of Representatives, to discuss the issue of salaries and to identify the most prominent financial challenges facing the process of securing them.

Al-Bahadli told Al-Maalouma that “the issue of salaries affects the livelihood security and social stability of millions of Iraqis, which necessitates that it be at the forefront of the House of Representatives’ priorities, by hosting the Minister of Finance and the concerned authorities to learn about the size of the financial deficit and the available liquidity, and to discuss ways to ensure the regularity of salary payments.”

She added that “the hosting aims to put in place clear and sustainable solutions that prevent employees and retirees from bearing the consequences of financial imbalances.”

Al-Bahadli pointed out that “salaries represent a legal and living right that should not be subject to postponement or be limited to temporary solutions, or have their disbursement linked to a decrease in financial revenues.”

She explained that “the House of Representatives will closely monitor all procedures related to salary disbursements and track any delays in their release,” emphasizing its commitment to obligating the government to establish a consistent mechanism that guarantees regular payments and prevents any manipulation of citizens’ rights, particularly those of employees and retirees.

Almaalomah.me

Iraq’s domestic public debt rises to 103 trillion dinars by the end of May

Iraq’s domestic public debt rose to more than 103 trillion dinars by the end of May 2026, marking an increase compared to the previous month, according to data from the Central Bank of Iraq. Dailynews reports

Central Bank data seen by Shafaq News Agency showed that domestic public debt reached 103.179 trillion dinars by the end of May 2026, compared to 95.679 trillion dinars at the end of April 2026, and 90.515 trillion dinars at the end of 2025.

The domestic public debt was distributed among the total claims of the Ministry of Finance in favor of the Central Bank amounting to 63.199 trillion dinars, loans amounting to 20.270 trillion dinars, bonds worth 10.868 trillion dinars, in addition to treasury bills that settled at 8.842 trillion dinars.

Shafaq.com

Iraq boosts its gas reserves by trialing the Najaf storage facility.

The Iraqi Ministry of Oil announced on Monday the start of trial operations at the Najaf gas depot, with a storage capacity of 3,000 cubic meters, in a move aimed at strengthening strategic reserves and developing the system for transporting, storing and distributing liquid gas. Dailynews reports

The Undersecretary of the Ministry for Gas Affairs, Izzat Saber Ismail, said during his supervision of the start of the trial operation, according to an official statement received by Shafaq News Agency, that the establishment of the warehouse comes within the Ministry’s plans to increase production and storage capacities, and to develop the system for transporting, storing and distributing liquid gas.

He added that the warehouse entering the trial operation phase enhances the flexibility of the supply system and contributes to securing the needs of the central governorates and a number of other governorates for liquid gas.

He explained that transporting liquefied gas to the depot via pipelines, instead of tanker trucks, will enhance safety requirements and ensure the stability of the production and service sites, indicating that the technical procedures for the full operation of the depot will be completed in the coming days.

For his part, the Director General of the General Company for Gas Filling and Services, Anmar Ali Hussein, confirmed that the warehouse was completed through the efforts of the company’s staff and the competent technical authorities, and that the trial operation was successfully carried out in accordance with the approved technical and operational requirements.

He added that the project represents an addition to the system for storing and processing liquefied gas, by raising the efficiency of transportation and distribution operations and enhancing the stability of supplies, noting that the company continues to implement new warehouse projects in the governorates to increase storage capacities and meet the growing demand for liquefied gas.

Shafaq.com

Soleimani’s legacy opens a new front in Iraq… A long war awaits Trump

More than six years after the assassination of former Iranian Quds Force commander Qassem Soleimani, his legacy is haunting US President Donald Trump, but this time through the network of armed factions that he helped build inside Iraq, which appear capable of transferring the war from Iran to Iraqi territory, and opening new fronts that make the confrontation longer, more complex and costly. News

According to a report by the British newspaper “The Telegraph,” translated by Shafaq News Agency, the Iraqi factions represent one of the most important cards of power that Tehran possesses to plunge the United States and its allies into a multi-front conflict, and to turn Iraq into an alternative arena of confrontation, while Iran remains relatively far from direct strikes.

According to the report, Soleimani’s strategy, based on building armed groups outside Iran’s borders, appears to be achieving one of its goals, after the American and Saudi strikes moved into Iraq, instead of the confrontation remaining confined to Iranian territory.

He pointed out that more than six years after the assassination of Soleimani and the deputy head of the Popular Mobilization Forces, Abu Mahdi al-Muhandis, in an American strike in Baghdad, carried out on Trump’s orders, Iraqi factions have returned to the heart of the regional conflict.

The report noted that the United States and Saudi Arabia held factions within the Popular Mobilization Forces responsible for attacks targeting their interests, before carrying out joint strikes on Popular Mobilization Forces sites inside Iraq, resulting in dozens of deaths and injuries.

The British report argued that these developments revived the model of conflict that Soleimani had worked to establish: armed groups capable of targeting Iran’s adversaries from outside its borders, and pushing them to retaliate in other arenas.

According to the report, moving the strikes to Iraq could give Tehran a strategic advantage by expanding the scope of the war and involving new parties and fronts, thus raising the cost of the confrontation and making it more difficult for Washington to control its course.

The report explained that the armed groups that emerged after the American invasion of Iraq in 2003 gradually transformed into a powerful military, political and economic force, noting that some factions possess arsenals that include long-range missiles and anti-aircraft weapons, in addition to networks of influence within political and economic institutions.

He pointed out that its influence is no longer limited to the military aspect, as it has political parties, seats in the House of Representatives, and positions within state institutions, in addition to commercial interests and extensive economic networks. This overlap between weapons, politics, and the economy has made the factions more entrenched, and has transformed them from armed groups into forces that are difficult to deal with as separate entities from the state.

The newspaper quoted an Iranian analyst as saying that the Iraqi factions represent “important assets,” but added that complete control over them remains a complex task.

The analyst said these groups were useful to Iran in keeping the threat of ISIS away from its borders, and that they are currently being used to put pressure on the United States and expand the scope of the war, but he warned that Tehran may ask more of the factions than they can deliver, saying that the Iranian regime “expects more from them than they can do.”

He pointed out that these groups are not easy targets, due to their reliance on social and local networks, which gives them the ability to reorganize and continue even if they are subjected to military strikes.

The report quoted another analyst based in Tehran as saying that the factions may not have the ability to change the military balance of power, but they are capable of expanding the war and moving it into Iraq, adding that “their main mission is to move the war from Iran to Iraq, and that opening an Iraqi front will lead to the involvement of new parties and increase the complexity of the conflict.”

He argued that the United States could inflict significant damage on the factions in a short period, but that any large-scale military campaign could make Iraq an official part of the war, which might align with Tehran’s interests. He said that the expansion of the number of fronts and players would make the war more costly and difficult, and could put the Trump administration in front of a long confrontation whose results could not be controlled.

According to an Iranian official who spoke to the newspaper, Tehran will defend the Iraqi factions in the same way it supported the Lebanese Hezbollah.

The report quoted the official as saying that these groups represent “the backbone of the resistance forces in the region,” and that their multiplicity and proximity to Iran constitute a source of strength for them.

He added that some members of the factions were present in Iran during the war, to help support the security forces, control the streets, and prevent anti-government protests.

He noted that some of these individuals have begun returning to Iraq following recent developments, while the official stated that aid “has already begun its way to Iraq” to support the factions and enable them to defend themselves.

After reviewing the history of the emergence and development of the factions and the formation of the Popular Mobilization Forces, the report indicated that groups close to Iran, such as Kataib Hezbollah, Asaib Ahl al-Haq and Harakat al-Nujaba, represent one of the most important pillars of Iranian influence inside Iraq.

He pointed out that the United States has designated a number of these groups as “terrorist” organizations, while some factions have refused full integration into the Iraqi armed forces, and have clung to their affiliation with what is known as the “axis of resistance” and their connection to the principle of “Guardianship of the Islamic Jurist.”

According to the British report, the integration of the factions into the Iraqi political and security structure makes weakening or dismantling them a very complex task, despite the continued American pressure on Baghdad to limit their influence and control their weapons.

He stated that military experts believe that the Iraqi Prime Minister cannot dissolve the Popular Mobilization Forces with a unilateral decision, and that ending its existence cannot be achieved with a religious edict, given the political weight that the factions and parties allied with it possess within the House of Representatives, noting that the forces associated with the Popular Mobilization Forces do not seem ready to vote against its continued existence or to give up its political and military influence.

According to the report, the United States and its allies do not want the pressure on the factions to lead to the collapse of the Iraqi state or to turn the country into a chaotic arena similar to Syria.

But this caution, according to the newspaper, gives the factions more room to maneuver, and makes dealing with them more complicated, especially given their connection to state institutions and their extensive political and  economic influence.

The Telegraph report concluded that the Popular Mobilization Forces are now in the position that Iran wants them to be: an inseparable part of the Iraqi state, difficult to get rid of in a “clean” way, and at the same time capable of opening a new front and turning Iraq into a battlefield at any moment.

Shafaq.com

The Minister of Finance requests to appear before Parliament to reveal the truth about the financial crisis in Iraq.

On Monday, Iraqi Finance Minister Faleh Sari submitted a formal request to the Speaker of Parliament to host him at the next parliamentary session dedicated to presenting the financial and economic situation the country is going through. MiddleEast news

Sari said in a statement received by Shafaq News Agency that the request to host the meeting stems from the ministry’s keenness to present the people’s representatives with an accurate picture of the financial and economic reality, the measures taken by the ministry to ensure the fulfillment of the state’s basic obligations, the continuation of the implementation of financial and administrative reform programs, and to explain the most prominent challenges facing public finances in light of the current regional changes.

Iraqi government spokesman Haider al-Aboudi confirmed that Iraq is facing “severe” financial challenges, noting that the government needs about 10.8 trillion dinars monthly to cover employee salaries and public expenses, while the country’s oil revenues do not exceed 2.5 trillion dinars.

Al-Aboudi acknowledged in a televised statement that this financial crisis has directly affected the salary distribution schedule, leading to delays and irregularities in payment compared to previous months, stressing that this situation will continue until the government is able to cover the existing financial deficit.

Earlier, Iraqi Health Minister Abdul Hussein Al-Moussawi said that the government is facing a liquidity crisis that has made securing salaries its priority, while confirming that the General Company for Marketing Drugs and Medical Supplies (Kimadia) has received only 15% of its budget, which has led to its bankruptcy, the disruption of new contracts, and the threat to drug supplies.

Shafaq.com

Fox Refinery: The gasoline crisis is regional and will end in Sulaymaniyah within two months.

Sardar Haji Khalid, owner of the Fox refinery for oil derivatives, confirmed on Monday that the current gasoline crisis is not limited to the Kurdistan Region, but extends to most countries in the region, expecting the price hike crisis in Sulaymaniyah Governorate to end within two months. News

Khaled said during a press conference attended by Shafaq News Agency that “the current crisis is global in nature and has affected all countries in the region, as they too are suffering from a shortage of gasoline.”

He added that “gasoline was previously smuggled to the cities of Erbil and Sulaymaniyah from Iraqi regions, but that has now stopped, which has led to higher prices.”

He pointed out that “the daily need for gasoline during the summer is about seven million liters, while only three million liters are currently available, which calls for taking urgent measures to address the shortage.”

He continued: “I bring good news to the citizens of Sulaymaniyah that the crisis of high gasoline prices in the city will end within the next two months.”

For his part, Bahman Abdul Qadir, spokesman for the owners of gas stations in Sulaymaniyah, said during the press conference attended by Shafaq News Agency that “the decrease in gasoline prices remains dependent on the improvement of the general conditions in the region,” calling on citizens not to expect a decrease in prices before those conditions stabilize.

The “Fuchs” refinery is an oil facility located in the Arabat area of ​​Sulaymaniyah, operating with a production capacity of 6,500 barrels per day to produce gasoline, liquefied gas and benzene.

The gasoline crisis in the Kurdistan region is worsening, as most gas stations experienced shortages or a lack of fuel last week, causing long queues of vehicles in front of the stations that continued to operate on a limited basis, despite recent government decisions to reduce prices.

Before the shortage worsened, the price of a liter of “super” gasoline at commercial stations reached about 2,000 dinars, and the price of “improved” reached about 1,750 dinars, while the price of regular “normal” gasoline exceeded 1,300 dinars, before these types disappeared from a large number of stations.

The acting Minister of Natural Resources in the Kurdistan Regional Government, Kamal Muhammad, confirms that the rise in gasoline prices in the region is mainly due to the inadequacy of the allocated quantities of fuel, and he indicated that the federal government is currently supplying the region with only fifty thousand barrels per day, which is an amount that does not meet the actual need.

Shafaq.com

Expectations are that oil flow between Iraq and Turkey will continue, with discussions underway to extend the agreement.

Two Turkish sources suggested on Thursday that crude oil would continue to flow from Iraq to the Turkish port of Ceyhan, as Baghdad and Ankara continue their negotiations to extend the agreement to operate the pipeline for an additional 12 months, according to Reuters. DailyNews Reports

One of the sources said that the Iraq-Türkiye pipeline, which is the only functioning outlet for Iraqi oil exports, will continue its operations while talks between the two sides continue to reach a new agreement.

The decades-long bilateral agreement expired last Monday, but Baghdad and Ankara did not sign a new extension during Iraqi Prime Minister Ali Zaidi’s visit to Turkey and his meeting with President Recep Tayyip Erdogan on Tuesday.

Neither the Turkish Ministry of Energy nor the Iraqi Ministry of Oil has issued any official comment on the progress of the negotiations so far.

Turkish Energy Minister Alparslan Bayraktar had announced earlier this month that the two countries had reached a preliminary understanding on extending the agreement for a year, while Turkish President Recep Tayyip Erdogan confirmed last Tuesday that the two sides are seeking to sign a comprehensive energy cooperation agreement “as soon as possible”.

The anticipated extension is expected to provide time to complete negotiations on a more comprehensive agreement, given Turkey’s desire to fully utilize the 1.5 million barrel-per-day pipeline, while also exploring the possibility of extending it to oil fields in southern Iraq.

Turkish data showed that the pipeline is currently transporting about 170,000 barrels of oil per day.

Shafaq.com