IRAQ IS BACK

The following were the ten most read dinar-related articles on Iraq Business News for the month of July:

1. Iraq's Central Bank Tightens Foreign Currency Rules
2. Iraqi PM in Washington: What His Trip Actually Means for the Dinar
3. U.S. "Resumes Dollar Transfers to Iraq"
4. You Bought Iraqi Dinars. Now What?
5. CBI to Launch New Initiatives for Money Exchange
6. 2026: The Year Iraqi Dinar Speculators Finally Strike Gold?
7. "Deleting the Zeros": What Iraq Actually Said, and What It Means for Your Investment
8. The Iraqi Dinar Revaluation Deception: 10 Persistent False Claims Exposed
9. Iraqi Banks Set for Return to International Correspondent Channels
10. Central Bank Eases Rules on Cash Dollar Withdrawals

Not quite making the top 10, but significant in this context:

• IBPL Welcomes Banking Update, Expects Stable Dinar

The previous month's listing can be viewed here.

For more information on the Iraqi dinar, check out IBN's Dinar Page here: https://www.iraq-businessnews.com/the-dinar-page/?swcfpc=1 

By Ahmed Tabaqchali, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News.

US Dollar Shipments to Iraq are a Molehill, not a Mountain

As the Iran war ramped up, it was reported that the United States halted dollar cash shipments to Iraq for about three months, before resuming them in early July. The international media coverage of both the halt and the resumption, however, reflected persistent misconceptions about Iraq's dollar accounts at the Federal Reserve Bank of New York (FRBNY).

One misconception is that the halt deprived the Iraqi government of its own oil revenues held at the FRBNY, leaving it struggling to pay public sector salaries and pensions. Another is that the shipments are needed to keep Iraq's dollar-dependent economy running or to maintain the peg of the Iraqi dinar to the dollar.

These misconceptions have their roots in the economic and financial chaos that followed the 2003 US invasion of Iraq. Yet they have persisted for years, even as the country's economy has evolved since then. In fact, Iraq has been moving toward a more formal banking system and away from the cash-based informality that once dominated its economy-a shift that has accelerated since late 2022.

Click here to read the full article.

From PUK Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

Iraq-Türkiye Oil Pipeline Remains Operational Despite Agreement Expiry

Crude oil exports from Kirkuk to Türkiye's Mediterranean port of Ceyhan are expected to continue without disruption, despite the expiry of the bilateral agreement governing the Iraq-Türkiye pipeline, as Baghdad and Ankara continue negotiations over a 12-month extension.

Click here to read the full article.

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Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 30th July 2026.

Please click here to view a table of listed companies and their associated ticker codes.

Note: ISX will be closed on August 3-4, 2026 (Monday and Tuesday), due to the official holiday in observance of Arbaeen of Imam Hussein. The next trading session will be held on August 5, 2026 (Wednesday).

For the RS Market Index charts, please click HERE.

(1) Excluding OTC market

Iraq Stock Exchange

• A cross transaction occurred on 18.5 bn shares of Iraq Noor Islamic Bank for Investment (BINI), valued at IQD3.7 bn, on Jul. 29, corresponding to 7.4% of BINI's capital.
• A cross transaction occurred on 7.8 bn shares of Al-Qurtas Islamic Bank for Inv. and Fin. (BQUR), valued at IQD7.8 bn, on Jul. 28, corresponding to 3.1% of BQUR's capital.
• New shares of Al-Mashreq Al-Arabi Islamic Bank for Investment (BAMS) from the capital increase to IQD300.0 bn through a 2.21% rights issue (56/Fourth), resumed trading on Jul. 27.
• Al Mustashar Islamic Bank (BMUI) completed the legal procedures of amending Article (Fourth) of its articles of association, increasing the bank's capital from IQD250.0 bn to IQD300.0 bn through a 20.0% bonus issue.
• Credit Bank of Iraq (BROI) decided at its AGM (Jul. 30) to increase the paid-in capital from IQD346.87 bn to IQD367.87 bn through a 6.05% bonus issue.
• Al-Yam Al-Azraq Public Commerce (SYAM) (OTC) started trading on Jul. 30 on the ISX-OTC market as a new listing in the services sector, with a capital of IQD6.0 bn.

Stocks that resumed / will resume trading: old to new

• Gulf Insurance and Reinsurance (NGIR) resumed trading on Jul. 26 due to disclosing its 3M26 financial results.
• Cihan Islamic Bank for Investment and Finance (BCIH) resumed trading on Jul. 28 after holding its AGM on Jul. 24, in which they discussed and approved the 2025 annual financial statements and decided to distribute IQD0.06 cash dividend per share, corresponding to a 2.7% dividend yield.
• Al-Hamraa Insurance Company (NHAM) resumed trading on Jul. 28 due to disclosing its 3M26 financial results and paying the due fine.
• Commercial Islamic Bank of Iraq (BCOI) resumed trading on Jul. 29 after holding its AGM on Jul. 18, in which they discussed and approved the 2025 annual financial statements, the capital increase from IQD327.6 bn to IQD350.5 bn through a 7.0% bonus issue, and elected nine original and seven alternative board members.
• Al-Mashreq Al-Arabi Islamic Bank for Investment (BAMS) will resume trading on Aug. 2 after holding its AGM on Jul. 27, in which they discussed and approved 2025 annual financial statements, increasing the board members from seven to nine, and electing nine original and nine alternative board members.

Stocks that were suspended / will be suspended from trading: old to new

• ISX suspended trading of Credit Bank of Iraq (BROI) starting Jul. 27 due to the AGM that will be held on Jul. 30 to discuss and approve the 2025 annual financial statements, dividend distribution, and increasing the paid-in capital from IQD346.87 bn to IQD367.87 bn through a 6.05% bonus issue.
• ISX suspended trading of AHliya For Insurance (NAHF) starting Jul. 28 due to the AGM that will be held on Aug. 2 to discuss and approve 2025 annual financial statements and dividend distribution.
• ISX suspended trading of Elaf Islamic Bank (BELF) starting Jul. 28 due to the AGM that will be held on Aug. 2 to discuss and approve the merger of BELF with Al Taif Islamic Bank (BTIB), Rajih Islamic Bank (BRAJ), and Trust International Islamic Bank (BTRU), increasing the number of Board of Directors members from seven original members and an equal number of alternates to nine members, and electing two original members and six alternate board members.
• ISX suspended trading of Gulf Commercial Bank (BGUC) starting Jul. 28 due to the AGM that will be held on Jul. 31 to discuss and approve 2025 annual financial statements, increasing the paid-in capital from IQD300.0 bn to IQD325.0 bn through an 8.33% rights issue.
• ISX suspended trading of Al-Ameen Financial Investment (VAMF) starting Jul. 29 due to the AGM that will be held on Aug. 3 to discuss and approve 2025 annual financial statements, dividend distribution, and electing five original and five alternative board members.
• ISX will suspend trading of Baghdad Hotel (HBAG) starting Aug. 2 instead of Aug. 3 regarding the AGM that will be held on Aug. 9 to discuss and approve the 2025 annual financial statements and dividend distribution. The amendment was due to the official holiday on Aug. 3-4 for Arbaeen of Imam Hussein.
• ISX will suspend trading of Al-Ataa Islamic Bank (BLAD) starting Aug. 5 instead of Aug. 4 regarding to the AGM that will be held on Aug. 10 to discuss and approve the 2025 annual financial statements and dividend distribution. The amendment was due to the official holiday on Aug. 3-4 for Arbaeen of Imam Hussein.
• ISX will suspend trading of Ready Made Clothes (IRMC) starting Aug. 9 due to the AGM that will be held on Aug. 12 to discuss and approve the 2025 annual financial statements and dividend distribution.
• ISX will suspend trading of Iraqi Islamic Bank for Investment and Development (BIIB) starting Aug. 11 due to the AGM that will be held on Aug. 15 to discuss and approve 2025 annual financial statements and increase the capital from IQD400.0 bn to IQD460.0 bn through a 15.0% bonus issue.
• ISX will suspend trading of Rehab Karbala (HKAR) starting Aug. 31 due to the AGM that will be held on Sep. 3 to discuss and approve 2025 annual financial statements and electing five original and five alternative board members.

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From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

How long can Iraq rely on the Central Bank's Reserves, Money-Printing Scheme to Survive?

While many questions linger, four stand out:

1. How can Iraq sustain expenses where 90 percent goes toward operational costs and salaries without sufficient revenue?
2. Why has the dinar appreciated against the US dollar despite increased liquidity injection?
3. Can Iraq live off its foreign reserves, and for how long?
4. To what extent can it continue printing dinar currency (from 50,000 to 250 dinar notes) for the market?

Click here to download the full article.

By John Lee.

An emergency meeting of Iraq's Coordination Framework was held at the Government Palace on Wednesday to discuss what it described as US-Saudi attacks on Iraqi sovereignty.

According to Prime Minister's Office, the meeting, hosted by Prime Minister Ali al-Zaidi, condemned what it called an attack on Iraqi territory that resulted in the deaths of several members of the Popular Mobilisation Forces (PMF) and injuries to others. The statement said the incident constituted a violation of Iraq's sovereignty, territorial integrity, international law and the United Nations Charter.

The Coordination Framework said it was surprised by the attack while the Iraqi government was pursuing a balanced foreign policy based on cooperation and partnership with regional and international partners.

It expressed condolences to the families of those killed, wished the injured a speedy recovery, and said Iraq's security and sovereignty must not be violated under any circumstances. It also rejected turning Iraq into an arena for regional and international conflicts.

The statement added that attacks violating Iraq's sovereignty undermine regional and international efforts to contain the current crisis and reduce tensions, while increasing risks to security and stability across the region.

(Source: PMO)

By John Lee.

The deputy head of the National Investment Commission (NIC), Salar Muhammad Amin, has met with Egypt's trade attaché to Iraq, Samir Qurashi, to discuss strengthening economic and investment cooperation between the two countries.

The meeting, which was also attended by the director-general of the Relations and Media Department, Haider Hammad, covered mechanisms for facilitating the entry of Egyptian investors into Iraq and simplifying visa procedures for Iraqi investors and business people.

Both sides emphasised the importance of supporting the private sector and expanding its role in implementing investment projects.

(Source: National Investment Commission)

By John Lee.

A strategic partnership to advance data centre standards and digital infrastructure in Iraq has been announced by US-based Uptime Institute and Iraq's T964 [Tech 964].

The agreement appoints T964 as Uptime Institute's business partner in Iraq, with a focus on data centre standards, professional capacity building, and operational excellence.

The partnership was signed at the U.S. Chamber of Commerce U.S.-Iraq Business Summit by Mustapha Louni, Chief Business Officer of Uptime Institute, and Ali El Akabi, Chief Executive of T964.

(Source: Uptime Institute)