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Economist: Federal Reserve transfers boost central bank reserves and support exchange rate stability
Economic expert Salah Nouri said on Sunday that the arrival of installments of Iraqi funds from the US Federal Reserve directly impacts cash liquidity and the Central Bank’s reserves, noting the effect of this on the stability of the exchange rate.
Nouri told Al-Furat News Agency that “the arrival of a batch of Iraqi funds from the US Federal Reserve enhances the cash liquidity of the Ministry of Finance, as the ministry sells dollars to the Central Bank of Iraq.”
He added that “the Central Bank’s receipt of quantities of dollars strengthens its foreign reserves, which increases its ability to provide dollars for travel purposes, especially for pilgrims, medical treatment and studying abroad, in addition to meeting the needs of traders through external transfers,” indicating that “this contributes to reducing the demand for dollars in the parallel market, which may lead to a decrease in the exchange rate.”
He noted that “the aforementioned exchange operations depend on the size of the amounts transferred from the US Federal Reserve.” (LINK)
Faihan: The oil and gas law and the Popular Mobilization Forces law are among the priorities of the House of Representatives.
The First Deputy Speaker of Parliament, Adnan Faihan Al-Dulaimi, confirmed on Sunday that many important laws are on the parliament’s table, while indicating that the oil and gas law and the Popular Mobilization Forces law are among the priorities of the House of Representatives’ work.
Faihan told the Iraqi News Agency (INA): “After the parliamentary committees within the House of Representatives completed their work, they began studying the laws and submitting them to the Speaker of the House of Representatives,” adding that “the committees started with a package of laws that were presented for the first reading, and we have another package of laws that will be presented gradually on the agenda according to their importance.”
He continued, “There are several important laws that will be among the priorities of the political forces and the federal government to include on the council’s agenda,” adding that “the oil and gas law and the Popular Mobilization Forces law will be among the priorities of the House of Representatives.” (LINK)
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Ali al-Zaidi: We will form a government with a strong economy, with everyone’s participation.
Prime Minister-designate Ali al-Zaidi confirmed on Saturday (May 2, 2026), during his visit to Sulaymaniyah Governorate, that he enjoys “great acceptance” among the political forces in the region, noting that the Kurdish parties have shown their clear support for the formation of the new government.
Al-Zaydi said in a press statement followed by “Baghdad Today”, that “the anticipated government will have a strong economy and be able to face the challenges”, noting that “there is great acceptance from the Kurdish parties supporting our government, in which everyone will participate.”
Prime Minister-designate Ali Faleh al-Zaidi met with Kurdistan Regional Government Prime Minister Masrour Barzani during his visit to Erbil, which he arrived in on Saturday morning, accompanied by a delegation of leaders from the Coordination Framework.
Al-Zaydi also met with the President of the Kurdistan D--------c Party, Masoud Barzani, in Erbil, in the presence of a delegation from the Coordination Framework. The meeting addressed the overall situation in the country and the course of the ongoing dialogues to form the government.
In the same context, Al-Zaidi held a meeting with the President of the Kurdistan Region, Nechirvan Barzani, during which they discussed the latest political developments in the country, before concluding his tour in Sulaymaniyah with a meeting with the President of the Patriotic Union of Kurdistan, Bafel Talabani, to discuss efforts to form the new government. (LINK)
Next week is crucial for passing Al-Zaidi’s government, even with a simple majority, and there is optimism about its economic success
MP Murtadha al-Ibrahimi stated that he believes the government will proceed next week, even if it only secures a simple majority (half plus one) with the current 23 ministries.
Speaking to Al-Mirbad during his appearance on the “Al-Mutabi” program, al-Ibrahimi said that al-Zidi was the Coordination Framework’s choice as a compromise candidate and received unanimous support. This, he explained, gives him national momentum, followed by international endorsements, which he sees as a positive indicator for his government.
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Al-Ibrahimi predicted that al-Zidi will succeed in managing the country and is capable of leading the next phase, which he believes will be primarily economic.
Regarding his approach to dealing with factions and consolidating weapons under state control, al-Ibrahimi acknowledged the challenges of the internal situation. However, he believes that with the cooperation of all political forces, in coordination with international and regional actors, and considering the shared interests that bind Iraq to other countries in the region, there are all indicators pointing towards the success of al-Zidi’s government. He added that the ministerial program currently being drafted will be the effective solution for addressing the Iraqi situation.
Al-Ibrahimi further stated that, to date, the distribution of ministries has not been discussed as much as the process of establishing a mechanism or criteria for allocating sovereign and other ministries based on e-------l merit and parliamentary representation.
He indicated that they are optimistic about the government of Ali Faleh al-Zaidi amidst all the internal, regional and international welcome, and this requires support to make his government a success so that he and his cabinet can reach the shore of safety with the Iraqi people, according to al-Ibrahimi’s expression. (LINK)
The Prime Minister-designate arrives in Kurdistan accompanied by a delegation from the Coordination Framework
Baghdad/Al-Masalla: Prime Minister-designate Ali Faleh Al-Zaidi arrived in the Kurdistan Region on Saturday, accompanied by a delegation from the Coordination Framework.
The media office of the Prime Minister said in a statement received by Al-Masalla that the Prime Minister-designate, Ali Falih al-Zaidi, arrived in the Kurdistan Region of Iraq, accompanied by a delegation from the coordination framework. (LINK)
The Prime Minister-designate: We have gained the acceptance and support of the Kurdish parties.
Prime Minister-designate Ali Faleh al-Zaidi and the head of the National Position Movement, Ali Hama Saleh, stressed on Saturday the importance of unifying visions and positions and prioritizing the national interest.
The Prime Minister’s Media Office stated in a statement received by Al-Maalomah that “Prime Minister-designate Ali Falih Al-Zaidi met with the head of the National Position Movement, Ali Hama Salih, during his visit to Sulaymaniyah Governorate, noting the acceptance of the Kurdish parties and their support for the new government.”
The statement added that “the meeting reviewed the developments in the general situation in the country and the steps taken to form the new government, in addition to emphasizing the importance of unifying visions and positions and prioritizing the national interest, in order to proceed with forming a government capable of facing challenges, consolidating stability, and fulfilling the aspirations of the Iraqi people.” (LINK)
Source: Dinar Recaps
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