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Sun. AM KTFA News Articles from Iraq 5-3-26

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Clare » May 3rd, 2026

Baghdad receives a new shipment of “cash dollars”… and an expert predicts an improvement in the value of the dinar.

5/2/2026

Iraqi economist Nabil Al-Marsoumi confirmed on Saturday that a new shipment of cash dollars had arrived in Baghdad, as part of what he described as American support related to the next phase and the formation of the government.

Al-Marsoumi said in a Facebook post that “Iraq receives about one billion dollars monthly, distributed in two cash installments,” noting that the shipment that arrived yesterday comes within this ongoing financial context.

He added that “the arrival of this dollar liquidity would contribute to improving the exchange rate of the Iraqi dinar during the coming week.”

Injecting dollars into the markets enhances monetary stability and limits fluctuations in the exchange rate against the Iraqi dinar, especially with the recent increase in demand for foreign currency.

The United States has been transferring funds in amounts ranging from $400 million to $500 million at a time to Baghdad for many years, and these payments are linked to Iraqi oil sales.

Last April, the United States suspended dollar shipments to Baghdad, due to what American reports at the time described as an escalation of attacks by Iranian-backed militias on American interests. (LINK)

Tishwash » May 3rd, 2026

An economic expert told Nina: The return of cash dollar shipments will weaken the parallel market.

5/2/2026 Baghdad/ 

Economic expert Dirgham Muhammad Ali affirmed that the resumption of cash dollar shipments will weaken the parallel market.

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In a statement to the Iraqi National News Agency ( NINA ), Muhammad Ali said, “The availability of cash dollars will weaken the parallel market, especially given its release to pilgrims and travelers to countries permitted to receive cash dollars.” He explained that “the reassuring policy adopted by the Central Bank maintained market stability during the period of disruption.”

He pointed out that “the decline in Iraq’s foreign trade with several countries for various reasons has reduced the direct demand for dollars, and the implementation of the ASYCUDA system has curbed currency smuggling, creating a surplus at the Central Bank to fully finance and cover legitimate official imports at the official rate, while ensuring that dollars are not smuggled illegally.”

The economic expert called for “adopting the ETHMS global accounting system for monitoring government expenditures and revenues and clearing accounts to increase the efficiency of the financial system in Iraq.”

Iraq received a new shipment of dollars yesterday, Friday, as part of US support related to the upcoming phase and the formation of the government.

The United States transfers funds With sums ranging from $400 million to $500 million each time, the US has been sending payments to Baghdad for many years, tied to Iraqi oil sales.

The United States suspended these dollar shipments to Iraq last April, in what it described as a “temporary” measure.

US President Donald Trump announced yesterday, Friday, that he strongly supports Prime Minister-designate Ali al-Zaidi, and that al-Zaidi won with US assistance. (LINK)

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Source: Dinar Recaps

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