Fri. AM KTFA News Articles from Iraq 2-20-26

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Clare » February 20th, 2026

Parliament summons Central Bank Governor to follow up on financial reforms

Independent/-

Member of Parliament, Jassim Al-Moussawi, revealed that there is a step to host the Governor of the Central Bank of Iraq inside Parliament, with the aim of following up on the bank’s position on the financial and economic reforms required in the country.

Al-Mousawi stressed, according to the official newspaper, that the purpose of hosting is not related to the weakness of the state’s financial balance, but rather comes as a precautionary measure to avoid any potential crisis and to ensure the sustainability of financial and monetary stability during the next stage.

He pointed out that through this step, Parliament seeks to review the progress of the reform procedures that were implemented in the previous government and are still being worked on at the present time, stressing that the MPs’ interest in the economic crisis does not necessarily mean a weak financial situation, but rather aims to strengthen reserves.

Al-Moussawi added that the parliamentary concern stems from the possibility of oil imports being subject to a future decrease or the region being affected by any tensions or conflicts that may negatively affect the economic situation, explaining that these measures are aimed at ensuring the continuation of the normal economic situation, providing the entitlements of employees, and the continuity of running public affairs without any problems.

This step reflects the parliament’s keenness to monitor the state’s financial performance and to ensure the central bank’s readiness to deal with any potential economic changes, in order to maintain the stability of the local market and the sustainability of public services. (LINK)

Fuad Hussein: War with Iran would be a disaster… and 3 million barrels of oil production are threatened with being halted.

2/18/2026

Foreign Minister Fuad Hussein warned on Wednesday (February 18, 2026) of the repercussions of any potential military confrontation in the region, stressing that the American military mobilization has clear objectives, and that the outbreak of war with Iran would lead to a “regional and global catastrophe.”

Hussein said in a televised interview followed by “Baghdad Today” that any military conflict would lead to the cessation of about three million barrels of oil exports, which would directly affect Iraq’s imports and financial revenues, given the country’s almost complete dependence on oil revenues as a primary source of hard currency.

He explained that if war were to occur, it would not be limited in its impact, but would cause global disturbances whose course is difficult to predict, noting that the Iranian reaction in such a scenario is unpredictable, which increases the magnitude of the risks.

The Foreign Minister pointed out that Iraq is not at war, and that pushing it into the throes of a regional conflict would pose a grave threat to its internal stability, calling on all parties to work hard to prevent the region from sliding into a comprehensive confrontation.

He explained that the American side played a direct role during the past two years in preventing Israel from targeting Iraqi armed factions, stressing that the Prime Minister succeeded in calming the factions and avoiding escalation.

On the economic front, Hussein stressed that any measure that would cut off the flow of dollars would create a major cash crisis within Iraq, explaining that the main source of dollars is oil export revenues, making regional stability a crucial condition for protecting the national economy. (LINK)

Source: Dinar Recaps

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