Parliamentary Finance Committee member Dilan Ghafoor told Channel8 that Minister of Finance Faleh al-Sari stated the value of $100 has been set at 150,000 dinars in the draft 2027 budget.

She noted that according to the decision, the gap between the official exchange rate and the parallel market rate will be eliminated.

The lawmaker emphasized that fixing the dollar rate at 150,000 dinars will inject an additional 20 trillion dinars into the budget revenue.

Ghafour also clarified that the approval and vote of the Council of Ministers and Parliament are required; although the Ministry of Finance has thoroughly studied the matter, “it does not mean this is a final decision. Principal agreement, however, is included in the draft

Regarding the price of oil in the budget, Finance Minister confirmed that a barrel of oil has been set at $58, while the total draft budget for Iraq next year has been projected at 218 trillion dinars.

More updates to follow