Iraq Just Quietly Confirmed: The Dinar Is Fully Backed. The System Is Ready.
April 21, 2025.
Buried in a Shafaq News update is one of the most powerful confirmations to date:
“Iraq’s foreign currency reserves are sufficient to fully back the national currency in circulation.”
Not partially.
Not theoretically.
Fully. Backed.
That means the Central Bank of Iraq already holds the firepower to support a revalued, internationally traded dinar. No more building the foundation — it’s done.
The Prime Minister’s financial advisor laid it out clearly:
•Reserves cover three months of imports — meeting global monetary thresholds
•Exchange rate stability and external purchasing power are the final levers
•The goal is now activation, not construction
The numbers back it up:
•130.81 trillion dinars in reserves
•That’s even after a 10% drop from 2023
•And the reason for the drop? Covering domestic obligations — not weakness
Even with that, the system is still over-leveraged to support the full float or fixed rate shift the world’s been waiting for.
This tells us everything:
•Iraq has the reserves
•The CBI has the mechanisms
•The infrastructure (WTO, FX integration, digital banking) is aligning
They’re not waiting to be ready.
They’re waiting for the right moment.
The rate is alive.
The liquidity is real.
And the only thing left is the release.
https://shafaq.com/en/Economy/Iraq-s-dinar-solid-Reserves-fully-back-currency