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KTFA
*TOMORROW IS THE LAST DAY OF THE Eid al-Adha HOLIDAY … AND THEN THERE IS A HOLIDAY ON THURSDAY, JUNE 4TH
Tishwash » May 29th, 2026
Former MP: The government faces two paths: borrowing or raising the exchange rate.
5/27/2026 Information/Baghdad…
Former member of the parliamentary finance committee, Abdul Hadi Mouhan, confirmed that the new government faces two paths: either external borrowing or increasing the exchange rate domestically in order to increase revenues under the current circumstances.
Mohan told Al-Maalomah, “There are two paths for the new government led by Ali Al-Zidi to ensure the securing of expenses, especially operational ones, by moving towards external borrowing, which is the most dangerous path that Iraq will face if it goes in this direction.”
He added that “the second path that the government may resort to in order to increase its revenues is to go towards raising the exchange rate, which is the least dangerous path compared to going towards external borrowing, which is a double-edged sword for Iraq.”
He indicated that “the government will most likely move towards raising the exchange rate in the upcoming budget in order to address the existing inflation and the deficit in the federal budget, and to ensure that the economic situation does not collapse.” (LINK)
Clare » May 29th, 2026
The Prime Minister orders a review of government contracts, the identification of those responsible for wasting public funds, and their referral to the judiciary.
5/28/2026 Baghdad /
Prime Minister Ali Faleh al-Zaidi has ordered the relevant oversight bodies and law enforcement authorities to review government contracts, identify those responsible for wasting public funds, and refer them to the judiciary.
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Al-Zaidi directed the oversight bodies to initiate investigative procedures into a number of important contracts previously concluded by ministries and government institutions, to determine their compliance with laws and regulations, and their adherence to public rights and interests. This is a preliminary step to uncovering shortcomings and identifying those responsible for injustices and the misuse of public funds, as well as those who benefited from these contracts at the expense of the public interest.
Al-Zaidi also directed that the results of the investigations be submitted to the competent judicial authorities as quickly as possible, in order to protect public funds, deter those who manipulate them, apprehend them, and bring them to justice. (LINK)
Source: Dinar Recaps
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