🚨🇮🇶 Iraq's Parallel Market Continues to Strengthen! The Gap with the Official CBI Rate Keeps Narrowing 📈💵

 CHANNEL8

As of July 20th, market exchanges are trading at $1 = 1,504 IQD ($100 = 150,400 IQD), showing a solid strengthening from July 1st ($1 = 1,559 IQD).

For context, the Central Bank of Iraq (CBI) maintains its official official peg at $1 = 1,310 IQD, bringing the parallel market gap closer than it was earlier in the month.

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🚨🇮🇶 Iraq's Parallel Market Continues to Strengthen! The Gap with the Official CBI Rate Keeps Narrowing 📈💵

A new exchange rate update highlights another important milestone in Iraq's monetary reform process.

📊 Key Highlights:

✅ July 1
• $1 = 1,559 IQD

✅ July 20
• $1 = 1,504 IQD

This means the Iraqi dinar has strengthened in the parallel market.

Just a few weeks ago it took 1,559 IQD to buy $1. Today, it takes only 1,504 IQD—an appreciation of approximately 55 IQD per U.S. dollar, reflecting a stronger Iraqi currency.

🏦 Official CBI Exchange Rate:
• $1 = 1,310 IQD

The parallel market is still above the official rate, but the gap continues to shrink.

📉 Gap on July 1:
1,559 − 1,310 = 249 IQD

📉 Gap on July 20:
1,504 − 1,310 = 194 IQD

➡️ The spread has narrowed by 55 IQD in less than three weeks.

💭 My Opinion

To me, this is the real message behind the announcement.

The CBI is essentially telling the Iraqi people:

"Look at what we've accomplished—and what is still in progress. Our monetary reforms are stabilizing and strengthening the Iraqi dinar."

Why publicly announce this progress?

Because it demonstrates that the Central Bank of Iraq has never abandoned the Iraqi dinar. It continues to show that it cares about the currency's value and is working toward a stable, stronger dinar that reflects Iraq's sovereignty, economic strength, and national pride.

These results suggest that the CBI's reforms are having an impact by:

✔️ Reducing dependence on the parallel market.
✔️ Combating the black-market exchange system.
✔️ Strengthening confidence in Iraq's banking sector.
✔️ Bringing the market exchange rate closer to the official CBI rate.

🧩 Keep connecting the dots.

For years, the CBI has emphasized that reducing the gap between the official and parallel exchange rates is one of its primary monetary reform objectives. As the parallel market continues to weaken and the gap narrows, Iraq moves closer to achieving that goal.

While this update does not confirm a revaluation or a change to the official exchange rate, it does show measurable progress toward greater monetary stability. Many IQD observers believe that reducing the parallel market and closing this exchange-rate gap are important milestones before any future adjustment to Iraq's exchange rate policy.

🇮🇶 Every reform appears to be strengthening the foundation for a more stable and resilient Iraqi financial system.

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💬 Frank26: A Deep Loss of Trust in Major U.S. Banks

💬 Frank26: A Deep Loss of Trust in Major U.S. Banks

Frank26 believes that Wells Fargo, JPMorgan Chase, and JPMorgan Chase CEO Jamie Dimon have left many Iraqi dinar investors feeling disappointed, frustrated, and misled.

According to Frank26, for years Americans repeatedly heard statements suggesting that the Iraqi dinar investment was nothing more than a scam. At the same time, he believes these same institutions maintained long-standing business relationships with Iraq's banking sector, creating what he sees as a contradiction between their public messaging and their international involvement.

Frank26 specifically points to Jamie Dimon, recalling interviews in which Dimon reportedly stated that JPMorgan was not involved with the Iraqi dinar. In Frank26's view, those comments conflicted with the bank's broader financial relationships in Iraq over the past two decades.

Frank26 says this experience came at a personal cost. He describes years of uncertainty, sleepless nights, public ridicule, and emotional stress while holding onto his investment despite widespread skepticism. As a result, he says his confidence in these financial institutions has been permanently damaged.

He goes on to explain that trust is the foundation of any banking relationship. From his perspective, if a bank is willing to misrepresent one issue, it raises concerns about how customers' money might be handled in other areas. He expresses concerns about excessive fees, penalties, or other practices that could negatively affect customers, emphasizing that these are his personal opinions rather than established facts.

Frank26 concludes by saying that he no longer intends to do business with institutions he believes did not communicate honestly with investors. In his view, this chapter is coming to an end, and he believes many investors will remember how they felt during this period when deciding where to bank in the future.

Whether others agree with Frank26 or not, his central message is clear: once trust is lost, rebuilding it can be extremely difficult.

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Frank26  

 Wells Fargo and JPMorgan along with the CEO Jamie Dimon have embarrassed tens of thousands of Americans. In the last years...we were constantly told by Well Fargo, JP Morgan the dinar is a scam...Jaimie Dimon did many interviews where he said, Oh, no, no, no, we're not involved. 

 For the last two decades they've been involved deeply in Iraqi 
banks...Jaimie Dimon personally caused me so much pain...sleepless nights ...embarrassment...

It's going to be extremely impossible for me to ever consider to do any business with Wells Fargo [Chase?] banks.  If they lie to me about this investment...then they will have no problems lying to me about the money I put in their banks...They will find ways to get it away from me...fees... penalties ...reasons ...It is disgusting the way they lied to us.  But those days are over. 

🚨🏦 CBI Insider: The Strategy Remains on Track!! #iqd #dinarrevaluation #dinaresgurus #iraq #cbi

 

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🚨🇮🇶 Iraq Continues Laying the Foundation for a Stronger Dinar! 🏦💵📈

CHANNEL 8

 The financial adviser to the Iraqi prime minister, Mudher Mohammad Saleh, said the return of Iraqi banks to international financial transactions will strengthen confidence in the banking sector, expand official channels for obtaining US dollars, and help stabilize the exchange market by reducing reliance on the parallel market.

Read more: https://channel8.com/english/news/6

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🚨🇮🇶 Iraq Continues Laying the Foundation for a Stronger Dinar! 🏦💵📈

Iraqi Prime Minister's Financial Advisor Mudher Mohammad Saleh stated that the return of Iraqi banks to international financial transactions will strengthen confidence in the banking sector, expand access to U.S. dollars through official channels, and reduce dependence on the parallel market.

✅ More confidence in Iraqi banks.
✅ Greater access to USD through official banking channels.
✅ Less reliance on the parallel market.
✅ A more stable exchange market.

💡 My opinion: This is another important piece of the puzzle. One of the Iraqi government and CBI's main objectives has been to reduce—and ultimately eliminate—the parallel market. Achieving that goal is an important step before attempting to align the Iraqi Dinar's exchange rate with the market.

🧩 Keep connecting the dots, Dinar investors! Every reform appears to be moving Iraq closer to a stronger and more stable financial system.

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🚨🇮🇶 Iraqi Dinar Strengthens Against the U.S. Dollar! 📈💵

CHANNEL8

Iraqi Dinar Strengthens +3.66% Against the USD

Between July 1st and July 20th, the Iraqi Dinar saw a notable rally in the market, strengthening from 155,900 IQD down to 150,400 IQD per $100. This 19-day surge reflects a solid increase in local currency purchasing power across local exchanges.

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🚨🇮🇶 Iraqi Dinar Strengthens Against the U.S. Dollar! 📈💵

The Iraqi Dinar (IQD) gained value against the U.S. Dollar (USD) during the first 19 days of July.

📊 What happened?

📅 July 1: $100 USD = 155,900 IQD
📅 July 20: $100 USD = 150,400 IQD

✅ This means it now takes 5,500 fewer dinars to purchase the same $100 USD, representing an approximate 3.66% appreciation of the Iraqi Dinar against the U.S. Dollar.

💡 What does this mean?

✔️ The Iraqi Dinar strengthened in the local market.
✔️ The currency's purchasing power increased at local exchange houses.
✔️ It reflects lower demand for U.S. dollars and growing confidence in the dinar, supported by the Central Bank of Iraq's efforts to stabilize the exchange rate.

🇮🇶 Is this an official revaluation?

❌ Not necessarily.

This reflects a market exchange rate appreciation, not an official change to the exchange rate set by the Central Bank of Iraq (CBI). The official rate remains unchanged, while the parallel market fluctuates based on supply, demand, and monetary policy.

🌍 Why does it matter?

🏦 It suggests the CBI's monetary reforms are producing results.
💵 The gap between the official and parallel market exchange rates continues to narrow.
📈 A stronger and more stable currency supports foreign investment, international trade, and Iraq's economic integration with the global financial system.

🤝 Combined with the recent agreements between the Central Bank of Iraq and the U.S. Treasury, IMF-backed reforms, and Iraq's progress toward WTO membership, this stronger dinar points to a broader trend of increasing financial stability.

⚠️ While this does not confirm an official IQD revaluation, it is another positive indicator that Iraq's ongoing economic reforms are moving in the right direction.

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🚀 MNT GOAT – RV Status Update: Iraq Builds the Foundation as the CBI Reveals the Real Path to FOREX

 

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🚨🇮🇶 Kurdistan Condemns Iranian Strikes as Tensions with Iraq Continue to Rise 🇮🇷⚠️

CHANNEL8

Iraqi President Nizar Amedi issued a formal statement strongly condemning recent aerial attacks targeting the Kurdistan Region cities of Erbil and Sulaymaniyah, characterizing the operations as an unacceptable violation of national sovereignty.

Read more:  https://channel8.com/english/news/61595

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🚨🇮🇶 Kurdistan Condemns Iranian Strikes as Tensions with Iraq Continue to Rise 🇮🇷⚠️

The President of the Patriotic Union of Kurdistan (PUK), Bafel Jalal Talabani, has strongly condemned the overnight missile and drone strikes on Erbil and Sulaymaniyah, calling them a serious violation of Iraq's sovereignty and international law.

Talabani demanded an immediate explanation and warned that while the Kurdistan Region does not seek escalation, its restraint must not be mistaken for weakness.

Although Iran was not mentioned by name in the statement, the remarks are widely understood to be directed at Iran, which has been identified in multiple reports as the source of the attacks.

📌 This is another clear indication that tensions between Iran and Iraq are becoming increasingly public and serious. While Baghdad has not declared a direct confrontation with Tehran, repeated strikes on Iraqi territory are placing growing pressure on Iraqi leaders to defend the country's sovereignty.

⚠️ This is a developing situation that could have significant implications for regional stability and Iraq's political and economic future.

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