STATUS OF THE RV: Iraqi Dinar Revaluation Introduction: Keep the Champagne on Ice 🍾
If I were you, I would keep the champagne in the fridge. The show is not over until the fat lady sings. 😊 It is still early December, and while expectations are high, the Iraqi Dinar revaluation (RV) process has not yet been executed.
There is still a window of opportunity for the Central Bank of Iraq (CBI) to proceed with the long-anticipated removal of the zeros, potentially positioning the IQD for a January release. But remember, January has 31 days. This does not have to happen on January 1st. Plans can shift, timelines can adjust, and multiple scenarios remain possible.
Has the CBI Started Removing the Zeros?
Let’s be clear and transparent:
The removal of the zeros has NOT officially begun yet.
Here we are approaching mid-December, still waiting for the execution of what Iraqi officials indicated months ago would happen around this time. Naturally, many in the Dinar community are asking:
Will the RV be delayed until late January?
Could the process stretch into 2026?
Is Iraq facing political obstacles that must be resolved first?
These are valid questions—and ones we must address honestly.
Iraq at a Critical Crossroads in History
Just like the United States during its most recent election cycle, Iraq is now at one of the most critical points in its modern history.
The outcome of Iraq’s November political decisions will either:
Propel the nation toward sovereignty, prosperity, and economic growth, or
Drag it backward into instability, fragmentation, and foreign control.
The choice before Iraq is stark—and unavoidable.
Al-Sudani, Continuity, and Economic Reform
If Iraq chooses prosperity and grants Prime Minister Mohammed Shia’ Al-Sudani a second term, continuity becomes a powerful catalyst.
Since January 2023, Al-Sudani—alongside President Abdul Latif Rashid and CBI leadership—has consistently communicated:
Commitment to financial reform
Strengthening the Iraqi dinar
Restoring economic sovereignty
A continued administration would allow Iraq to finish what it started, including monetary restructuring and currency reform.
The Militia Problem: The Elephant in the Room
One issue cannot be ignored: Iranian-backed militias operating inside Iraq.
Originally described as temporary forces during the ISIS conflict, many of these groups:
Never left Iraq
Became embedded in political structures
Allegedly receive funding through government budgets
This situation directly undermines Iraq’s sovereignty and its ability to move forward economically.
A Possible Exit Strategy?
Some analysts believe a regional crisis involving Iran—real or diplomatic—could provide a face-saving way for Iran to withdraw its Quds forces from Iraq. If removed, this would:
Stabilize Iraq politically
Unlock economic confidence
Improve regional trade opportunities
Prosperity benefits both Iraq and Iran—but only if Iraq is allowed to stand on its own.
U.S. Pressure Intensifies: Trump’s Envoy in Baghdad
Recent headlines confirm that the United States is not backing down.
Trump’s envoy, Mark Savaya, has arrived in Baghdad delivering a firm message to the Government of Iraq (GOI).
Key Article to Watch:
“TRUMP’S ENVOY: THE DECISION OF IRAQI LEADERS WILL DETERMINE WHETHER THE COUNTRY MOVES TOWARDS SOVEREIGNTY OR SLIDES INTO DISINTEGRATION”
This moment has been a long time coming. For over a decade, previous administrations avoided confronting the reality of militia entrenchment after ISIS was defeated. Now, the geopolitical tide is shifting.
Turning the ship around will not be easy—but it is finally happening.
What This Means for the Iraqi Dinar RV
The RV is not just a financial event—it is political, economic, and geopolitical.
Before a meaningful currency reinstatement can occur, Iraq must demonstrate:
Sovereign control
Monetary discipline
Political stability
Without these elements, the CBI cannot safely release a restructured currency to global markets.
Featured Snippet: Quick RV Status Summary
As of mid-December, the Iraqi Dinar RV has not yet been executed. The CBI has not officially begun removing the zeros, but multiple January scenarios remain possible depending on political stability, U.S.-Iraq relations, and militia withdrawal.
Q&A: Common Questions About the RV
Q: Has the Iraqi Dinar revalued yet?
A: No. There has been no official RV or removal of zeros announced by the CBI.
Q: Could the RV still happen in January?
A: Yes. January offers multiple timing options, including early or late month execution.
Q: What is delaying the RV?
A: Political instability, militia influence, and unresolved sovereignty issues.
Q: Is the U.S. influencing the RV process?
A: Indirectly, yes. U.S. pressure on sovereignty and security directly affects economic reform timelines.
Final Thoughts: Patience with Perspective
This journey has never been simple—and it was never meant to be fast.
I appreciate everyone who continues to comment, question, and share thoughtful perspectives. Your engagement reflects not just interest in the RV, but genuine concern for Iraq’s future.
For now, stay informed, stay grounded, and yes—keep the champagne cold. 🍾
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STATUS OF THE RV
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If I were you, I would keep the champagne in the frig. The show is not over until the fat lady at the circus sings….. lol.. lol.. 
It is early December and the CBI may still go ahead with removing the zeros in time for a January release. Oh… but remember it does not have to happen exactly on January 1st as there are thirty-one days in the month. They could also change the plan and remove the zeros in early January and release in late January. There are options.
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I wish I could tell everyone that the removing the of the zero has begun but it hasn’t. Here we sit, almost mid-December already and still waiting for the execution of what they told us months ago would occur at about now. Will we have to wait until mid 2026 or longer for the reinstatement?
I want to thank everyone for your comments in the blog and expressing how you feel about the RV timeline what Iraq is experiencing now. Today’s Newsletter will be short and sweet (or maybe not so sweet….yet )
Like the U.S. in its last election, Iraq too could never be at a more critical time in its modern-day history, than right now. The results to their last November election will either make or break Iraq. I believe that Iraq will make the correct choice and chose prosperity and growth over the terrorist organizations residing in Iraq. To me it makes common sense they would but we all know this is often not applied in politics…lol..lol..lol…
I look at the situation this way. If for now Iraq does chose prosperity, puts al-Sudani in for a second term, then continues what he started since January 2023, Iraq will move along as al-Sudani and Saleh have told us. A good solution might be to have a crisis in Iran to force Iran to bring home (withdrawal) these Kud forces and take them out of Iraq. Even if this crisis is not real, it could save face with Iran on this issue. After all these Iranian militia did enter Iraq on a supposed temporary basis. Then later the future wealth and prosperity of Iraq would then also affect Iran as trading partners and neighbors. Both countries could benefit tremendously. But it is time to chose prosperity and abundance over hatred and war. These factions must wake up and learn that they are only being used by these dictators and woke leaders. What good has ever come from it. This ideology has to change and the brainwashing has to end.
In the recent news once again, we get articles telling us the U.S. is not going to back down as envoy Mark Savaya has arrived in Baghdad and has delivered Trump’s message to the GOI. So, the important news for Iraq is still all about this situation with the militia standoff with the U.S.
You might want to take a peek at the article titled “TRUMP’S ENVOY: THE DECISION OF IRAQI LEADERS WILL DETERMINE WHETHER THE COUNTRY MOVES TOWARDS SOVEREIGNTY OR SLIDES INTO DISINTEGRATION”
I gave this article a smiling face because we all knew that this situation had to come to a critical junction someday. We’ve been watching this for a decade now. The previous presidents did not want to face the reality of this situation when, after the ISIS war was over, these Iranian forces remained in Iraq. That was the time to dismantle this plot of making Iraq a puppet state of Iran. Did they really even care about the economic potential in Iraq? Now under the Trump administration foreign policy a reversal is taking place. But it is hard to turn the ship around.
Now these militia are “dug” in, many are already infused within the political system, and many say the Iraqi budget even includes money to support them. Did you remember the bill that the GOI was going to bring up for a vote in parliament to make these militia “permanent” and legally fund them? Of course, under Trump this too was stopped. One has to question the sanity of what is going on in Iraq in this regard.
How about that? How stupid can that be for Iraq to think the U.S. won’t react? But now we all get the clear message from Savaya from the Trump administration on the two possible futures of Iraq just as Iraq’s former deputy prime minister Hoshyar Zebari spoke recently too on the country’s future after elections and its two possible paths. Remember the video I presented to you in my 12/9 Newsletter? Believe me the U.S. has the power to literally demolish the Iraq economy and send them back to the dark ages, if it so desires. They may be riding camels again…..just kidding….lol…
prosperity we were promised?
It’s the Iranian backed militias.
Savaya said, “Under President Trump’s leadership, the United States stands ready to support Iraq during this critical time. My team of highly experienced experts and I are committed to working closely with Iraqi leaders in the coming weeks and months to help build a strong state, a stable future, and a sovereign Iraq capable of shaping its own destiny in the new Middle East.” Savaya also warned on Thursday of Iraq’s slide towards disintegration and decline, noting that no nation can succeed in the presence of armed groups competing with the state, and stressing the United States’ readiness to support Iraq during this critical stage. What does this last statement mean?
I believe it means that if the GOI asks the U.S. to step in and clear out the Iranian militia from inside Iraq, it would. However, there must be a formal agreement to do so. Will this happen? I am sure that this is the last resort for the Trump administration but there has to be this alternative on the table, a clear message to Iran to recognize that the U.S. is VERY serious. Yes, you know Trump, he seldom backs down. Remember the Kim Clement prophecy in that God told us the U.S. has to take their hand out of the hand of Iran. This to me means they must stop placating Iran and deal with reality of the situation head-on. Trump with the bombing of the nuclear enrichment sites and Israel in the bombing of the long-range missile sites, shows their seriousness in dealing with Iran.
In a post on the “X” platform, Savaya also said, “Twenty-three years after the fall of the dictatorship, Iraq stands once again at a critical juncture. The country has been given a historic opportunity to rebuild its institutions and secure a prosperous future. However, no nation can succeed while armed groups compete with the state and undermine its authority. This division has weakened Iraq’s international standing, stifled its economy, and limited its ability to protect its national interests.”
He added: “Over the past three years, Iraq has proven that true stability is possible when the government adopts a realistic and balanced approach that spares the country regional conflicts and refocuses on national priorities. This emerging path must be maintained and not obstructed. Stability requires responsible leadership, unity of purpose, and a firm commitment to strengthening the state and its institutions.” I believe this was a message to give al-Sudani a rightful second term as prime minister. He was speaking to the Coordination Framework.
Savaya added, “Today, as Iraq celebrates the eighth anniversary of its victory over ISIS and successfully concludes its parliamentary elections, the full responsibility lies with the country’s political and religious leaders. Their decision in the coming period will determine whether Iraq will move towards sovereignty and strength or slide back into disintegration and decline.” This statement to me is saying, without saying it directly, that the war on ISIS is over, its won and so its way due for the Iranian militia to get the hell out of Iraq. Their purpose has been served. If Iraq decides to leave the militia in Iraq this move will determine its future fate.
Then yet in another article titled “THE AMBIGUITY IS OVER… JOE WILSON SHOCKS BAGHDAD: LIBERATE IRAQ OR SAY GOODBYE TO AID AND DOLLARS”.
It tells us the American pressure on Iraq is escalating daily, shifting from veiled political messages to direct and explicit rhetoric linking continued support to the form of government in Baghdad and the limits of influence wielded by Iranian-backed armed factions. If you go read what I said about the other article I just talked about this statement in this article fits exactly by what I talked about. Go figure…..
The latest indication of this shift came in a tweet by Republican Congressman Joe Wilson , who spoke publicly about the need to “liberate Iraq from Iran’s grip” and tied future US military aid to a set of conditions that touch upon the very core of the relationship between the Iraqi state and these factions.
In parallel, US President Donald Trump’s special envoy to Iraq, Mark Savaya, is acting as the executive face of this vision, amidst a clear discourse based on the principle: no weapons outside the state, no public funds being funneled to factions, and no open checks without political and security conditions. These developments come at a sensitive moment for Iraq; intensive negotiations to form a new government, widespread controversy over the future of the Popular Mobilization Forces and factions, and economic and financial pressures that make any crisis with Washington more costly than ever.
Then there is an article in the news titled “A SENIOR US EMBASSY OFFICIAL: FORMING THE NEW GOVERNMENT IS AN IRAQI DECISION”.
In Baghdad, Joshua Harris the chargé d’affaires, US Embassy on Thursday, that America remains concerned about irregular financial transactions which is a legitimacy for American inside Iraq. The chargé d’affaires told Alsumaria News in an exclusive statement that Iraqi partners affirm their non-interference and their commitment to not dragging the country into the ongoing conflict in the region over this militia issue. He states that Iraq must maintain security within its borders, noting that America works to increase the activity of American companies within Iraq according to the principle of mutual exchange with Baghdad. These companies need to know that Iraq is secure.
He continued, stating that leading American companies are actively working with Iraqi partners, which will lead to mutually beneficial partnerships. He emphasized that America is not seeking a new conflict, and its vision for the future is peace in Iraq and throughout the world. He added that Iraqi leaders understand that including factions in the new government is incompatible with the partnership between Baghdad and Washington.
Will the U.S. take military measures to force Iranian militia out of Iraq?
Regarding the possibility of taking escalatory measures against the factions, the Chargé d’Affaires stressed, “We encourage Iraqi state regarding the dismantling of factions, he stated that America will defend itself and its interests in Iraq,” indicating that the decision regarding the form of the new government is purely American.
In another recent article we see yet more pressure from the former coalition nations that went inside Iraq on 2003. See article titled “GERMANY EXTENDS MILITARY MANDATE IN IRAQ BY 15 MONTHS.
“Germany’s armed forces will continue their deployment in Iraq for an additional 15 months to help stabilize the country and prevent the resurgence of the Islamic State (ISIS), the German Defense Ministry announced Wednesday.” This is not exactly the news we would want to be hearing about Iraq from its security standpoint in this time of Iraq after 22 years since the invasion and being this close to the RV. However, this news was meant to put pressure on Iraq and Iran to pull the PMF out of Iraq. It’s timing was perfect.
In yet another article titled “PROS AND CONS OF US EXCLUDING IRAQ FROM THE NATIONAL SECURITY STRATEGY” So, is this a good or bad thing to do?
The administration of US President Donald Trump has unveiled its 2025 National Security Strategy, outlining the foreign-policy and defense priorities that will guide Washington in the coming years. But more positively,(the glass is half full) he noticed that this “also shows that Iraq no longer presents a significant threat to US interests in the region, to the point where it needed to be added to the NSS.”
This also tells us that this issue with the Iranian militia can be solved and will be solved quickly now that Iran and Iraq know the U.S. is VERY serious about it stance.
Branded under the slogan “America First,” the document not only declares an end to the era of military interventions and regime-change campaigns, but also introduces an entirely new framework for the Middle East. Yes, we need a peaceful Iraq and a peaceful region as this will help secure Iraq borders and sovereignty, something much needed to see this process of the RV all the way through.
So, Between Washington, Tehran, and the Iraqi street… who will write the final equation? Can they agree on the political side so Ali al-Alaq can continue his work on the financial side? Remember they need SECURITY and STABILITY.Enough said….. Now you see the pressure not just from Trump and his envoy but also from many others concerned about the future of Iraq. What do you think the Coordination Framework will do? We are about to find out in the coming week.
As far as the prime minister, I strongly feel that al-Sudani will be continue for a second term. There will be objections, appeals and petitions to stop him especially from the Coordination Framework, just as there are elements still trying to stop president Trump from running, then from being elected and now even once he took office. So, what plans will be made to remove the militia troops on the ground still has to be worked out. The CBI is waiting news from US Special Envoy Mark Savaya and the US Ambassador. Again, remember that the CBI has worked and is still working in tandem behind the scenes and ahead of the GOI so the GOI has to catch up. There has to be a balance of politics with the financial reforms occurring.
Having read my RV Status for this period when do you think the RV will happen?