Iraq to slash three zeros from currency, introduce new notes

It also aims to curb the use of cash outside the system, which may be used for criminal activities and corruption, he explained.

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Iran's leaders think they have Trump cornered, but their strategy carries great risks

Iran's resilience has limits and there are concerns that an economic crash could trigger unrest.

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Iraqi finance minister requests audience with parliament

“The minister emphasized that this request stems from the ministry's commitment to providing the people's representatives with an accurate picture of the financial and economic reality, as well as the measures the ministry is taking to ensure the fulfillment of the state's fundamental obligations and the continued implementation of financial and administrative reform programs,” said the Iraqi finance ministry.

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CBI denies printing money to combat financial crisis 

The Central Bank of Iraq said Sunday that "describing treasury bill discount operations as printing money is inaccurate," stressing that such measures are temporary liquidity tools backed by government debt and differ fundamentally from issuing new currency.

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Financial ‘catastrophe’ awaits Iraq if Iran war continues: FM

Iraq's oil exports went down from around 100 million barrels in February to under 10 million in April due to the US-Israel war on Iran.

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Iraq struggles to balance 2026 budget amid Strait of Hormuz closure: Official

The sharp drop in export capacity is a direct result of the tightened restrictions placed on the vital Strait of Hormuz amid the US-Iran conflict.

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Iraq eyes emergency financial plan as oil export disruptions widen revenue gap

"The current crisis represents a real test for Iraq’s oil-dependent economic structure," said Mudher Mohammed Salih, financial adviser to Prime Minister Ali al-Zaidi.

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Sugar factory worth over $100m set to open in Duhok

"The factory's output will be of sufficient quality to supply all of Kurdistan and Iraq," said Haval Sadiq, head of investment for Duhok.

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Iraq risking stark economic losses amid budget delay: PM advisor

Iraqi officials and lawmakers warned that continued delays in approving the 2026 federal budget could deepen economic losses, stall investment projects, and increase uncertainty in the market.

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