📊 Dinar Update: Market Stabilizes, Official Rate in Sight – August 2025 Highlights
💵 Iraqi Dinar Nears Official Rate – The gap between the official and parallel market rates is now just 4%, signaling tight control and a possible move to the next stage of monetary reform.
🔒 CBI’s Strategy Worked – Over the past year, Iraq implemented strong measures to regain control of the dollar:
Tighter currency regulations
Enforcing use of official government channels
Cracking down on black market activity
🧠 From Chaos to Coordination – Once dominated by street speculation, the dinar market is now structured and regulated. The CBI has effectively “steered” the dinar away from volatility.
🛢️ Oil & Economic Diversification – Payment of dues in black oil and port controls were key to reducing demand for dollars. Iraq is being pushed to diversify beyond oil — a long-term win.
📈 CBI’s Long-Term Vision Coming Together – For 20 years, the Central Bank has aimed for currency stability. Under Dr. Shabibi and now Alaq, they’ve nearly completed the groundwork for a revaluation.
🧮 Why Stabilize First? – Iraq's dinar is pegged to the USD, so both rates must align to ensure credibility and prevent economic distortion. This alignment is also an IMF requirement.
📢 What’s Next? – The big question: Will the CBI wait the full IMF-mandated 2 months to maintain stability before any official move? Or is the current 4% gap “close enough” to proceed?
🧭 As one article puts it: “The dinar is no longer drifting – it’s being steered.”