Urgent: The collapse of the Iranian Toman (currency) caused the Iranian Parliament to dismiss Abdolnaser Hemmati, the Iranian Minister of Finance.
This was accompanied by a rise in the value of the Iraqi dinar against the dollar in the markets, recording 147 thousand for $100, after it was more than 151 thousand.
The relationship between the Iranian Toman and the Iraqi Dinar is inverse.
Quote
مجتهد كوردستان✹
@MujtahidKURD
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عاجل : انهيار التومان الايراني بسببها البرلمان الايراني يقيل عبدالناصر همتي وزير المالية الايراني.
رفق ذلك صعود قيمة الدينار العراقي امام الدولار في الاسواق ليسجل 147 الف مقابل 100$ بعدما كان اكثر من 151 الف.
حيث العلاقة بين التومان الايراني و الدينار العراقي عكسية.
Frank26: "MIGA!!!"......Make Iraq Great Again!! .F26
After calling for cutting funding to Baghdad, US representative: Let's make Iraq great again
2/28/2025
US Republican Representative Joe Wilson called for "making Iraq great again" and stopping Iran's control over it, after his previous calls to stop funding Iraq, according to the American Fox News channel.
The American report, which was translated by Shafaq News Agency, explained that Wilson, who is also a member of the Foreign Affairs Committee in the US House of Representatives, published a tweet on the "X" platform, in which he said, "Make Iraq great again," accompanied by a picture of the Iraqi flag.
The report noted that many people commented on Representative Wilson's tweet, including one who wrote to him saying, "America first? " , while another commented saying, "Forget Iraq and worry about the Americans."
The report indicated that "Representative Wilson spoke publicly on social media about various foreign countries, including Iraq and Iran, where he criticized Tehran's control over Baghdad, and repeatedly used the phrase "liberate Iraq from Iran."
The report quoted Wilson as saying in previous positions, "Iran runs the Iraqi government, as well as the army, judiciary, police and banks."
In a previous post, Wilson said that “the great people of Iraq, of all religions and ethnicities, are the heirs of a great civilization, and deserve better than to be ruled by a terrorist regime in Iran,”
criticizing the former Joe Biden administration’s abandonment of the non-sectarian protest movement in Iraq, adding that “we must empower the Iraqi people to make Iraq great again and liberate Iraq from Iran.”
The report also mentioned Wilson's previous publications, in which he called for "stopping funding for Iraq" and "cutting off all aid to Iraq as long as Iran runs it." LINK
Jon Dowling: Yes the idea of March are indeed upon us!
🚨BIG BREAKING NEWS
Israeli Government approves the calling up of 400,000 reserve troops to active duty. The attack on Iran and the grace surrender are incoming!
It’s only a matter of time until XRP pairs against Bitcoin and supplants it! X marks the spot!
Marco Rubio is working with Iraq and Ali Allaq their Central Bank Governor has announced they are releasing soon a digital asset backed currency. Thusly a new date has to be announced so they’re being forced into doing it, which we knew was necessary.👀👀✅🙏🙏🙏
Frank26: "MONETARY REFORM TEACHES... FROM THE RV TO THE RI."......F26
Analysis detailing the reasons for the fluctuations in the exchange rate of the Iraqi dinar against the dollar over 21 years
2/28/2025
The "Iraq Al-Mustaqbal" Foundation for Economic Studies and Consultations attributed, on Friday, the reasons for the fluctuations in the exchange rate of the dinar against the US dollar in the parallel market over more than two decades in the country to internal and external factors.
This came according to an analysis issued by the institution, in which it explained these fluctuations from 2005 until 2024.
The institution stated in its analysis that "the exchange rate of the Iraqi dinar against the US dollar in the parallel market witnessed noticeable fluctuations over the course of 21 years, as it was affected by a group of factors ranging from political, legislative and economic."
The analysis added that "supply and demand were the most influential, as the patterns of exchange rate changes differed according to the months of the year as a result of internal and external factors, such as the timing of the launch of the general budget and official holidays in major countries exporting goods to Iraq, such as China and Iran."
He pointed out that "by analyzing the exchange rate data in the parallel market from 2005 to 2024, there appears to be a recurring pattern that reflects the dinar's value being affected by specific months more than others."
According to the institution, “December was the month with the most frequent increase in the value of the dinar, as it witnessed a decline in 13 years out of 21 years, followed by: August and June with increases in the value of the dinar against the dollar in 11 years, then April 10 times, while October and November witnessed an increase 9 times, and March 8 times.”
May was the month with the least frequent decline in the value of the dinar, as its value rose only 4 times during the period studied, which gives a semi-impression that the prices of the dinar against the dollar rise in the months of February, March and April, then decline again against the dollar in May as a result of the strong return of demand in May.
The institution warned in its analysis that "despite this clear seasonal impact on the exchange rate, there are other factors that cannot be ignored, such as the levels of dollar sales by the Central Bank of Iraq, which directly affect the size of the money supply in the market, as well as political and financial factors such as the timing of the release of general budget funds, in addition to geopolitical situations that may cause sudden disturbances in the demand for foreign currency."
The analysis concluded that “the seasonal effect remains one of the main elements in determining the exchange rate trends in Iraq, as a recurring pattern appears at the end of the year and the beginning of the fiscal year, in addition to being affected by official holiday periods in countries exporting goods to Iraq. However, other factors, such as monetary policies and political and economic developments, remain a direct influence on the parallel market, which makes it necessary to monitor all these variables to understand exchange rate changes more accurately.” LINK
[Response to Digital Iraqi dinar posts from yesterday 1-1-2025 ]
Question: "How do you see this impacting the physical dinar we hold?"
The Iraqi Dinar will always be a paper currency needed...for domestic commerce. The Iraqi Dinar will be electronic at the same time just like the USD ie:
credit cards, debit cards, however, there will be a necessity for cross-border payments and receipts. If Iraq wants to buy dates from Italy, they must pay for them but how? Cross border payment...Iraq is being schooled right now on digital currencies and how to use them ie: K2 and Wyman.
In A Graphical Analysis.. The Months With The Most And Least Impact On The Fluctuations Of The Dollar Against The Dinar Since 2005
Time: 2025/02/28 12:20:11 Read: 2,235 times {Economic: Al Furat News} Economic expert Manar Al-Obaidi stated that the exchange rate of the Iraqi dinar against the US dollar in the parallel market has witnessed noticeable fluctuations over the course of twenty-one years, as a result of being affected by political, legislative and economic factors, with supply and demand dominating as the most influential factors.
Al-Obaidi explained in a statement received by {Euphrates News} a copy of it, after analyzing the exchange rate data from 2005 to 2024, that there is a recurring pattern that reflects the dinar’s value being affected by specific months more than others.
He pointed out that December was the month with the most frequent increase in the value of the dinar, as it witnessed a decline in the exchange rate against the dollar in thirteen years out of twenty-one.
He added, “It is followed by August and June with increases in the value of the dinar against the dollar in eleven years, then April with ten times, while October and November witnessed an increase nine times, and March eight times.”
Al-Obaidi continued, “As for May, it was the month with the least frequent decrease in the value of the dinar, as its value rose during it only four times throughout the period studied, which gives the impression of a relationship between the seasonality of demand and the exchange rate, as the value of the dinar usually rises in the months of February, March and April, then declines again in May with the return of strong demand.”
The economic expert noted that "despite this clear seasonal effect, there are other factors that cannot be ignored, such as the levels of dollar sales by the Central Bank of Iraq, which directly affect the size of the money supply in the market, in addition to the timing of the general budget launch and geopolitical factors that may cause sudden disturbances in the demand for foreign currency."
He pointed out that the seasons of the year remain one of the main elements in determining the exchange rate trends in Iraq, as a recurring pattern appears at the end of the year and the beginning of the fiscal year, in addition to the market being affected by official holidays in countries exporting goods to Iraq.
However, monetary policies and political and economic developments continue to have a direct impact on the parallel market, making it necessary to monitor all these variables to understand exchange rate changes more accurately." LINK
This might be the most important thing I’ve posted so far. Click on the Replies at the top of my feed—BTW I've explained going back to September 4th of last year that the CBI was going to end the Currency Auction 1st by the end of 2024, and they did.
But the statement they released 12-29-2024 showed the CBI Governor holding a one-dinar note from 1947.
See below post for how it all ties together. It was a major hint by the CBI, we all missed at the time. The One Dinar!
Just know this is a Plan.
The Central Bank Calls On The Ministry Of Culture To Decide The Fate Of 23 Boxes Filled With Gold And Historical Artifacts
Buratha News Agency107 2025-03-01 The Central Bank of Iraq, on Saturday, invited the Ministry of Culture to provide 23 boxes containing gold and historical artifacts to enhance Iraqi museums.
A statement from the Central Bank stated that,
“In light of Baghdad being chosen as the Arab Tourism Capital for 2025 by the Arab Tourism Organization, and in order to provide Iraqi museums with original artifacts to be a tourist destination that attracts tourists from all over the world, the Central Bank of Iraq confirmed the existence of about 23 boxes containing gold and historical artifacts, such as the Nimrud artifacts, which were deposited in the vaults of the Central Bank of Iraq in previous years to preserve them.”
The bank also called on the Ministry of Culture to receive these trusts to enhance the contents of the Iraqi National Museum and other museums. https://burathanews.com/arabic/news/457006
IRAQ OIL/BUDGET TABLES ALIGNS
~Member revealed Oil and Gas Parliamentary Committee, Bassem Naghmesh, today, "A delegation from the federal government visited the Kurdistan region, because the region WANTS GUARANTEES on the amounts so that they reach the companies and with a pledge from the Ministry of Finance, and they DID NOT REACH AN AGREEMENT, but the visit resulted in a joint report.
The committee member pointed out that "the regional government and the federal government WANT to resume exports and reach an agreement regarding the region's internal need for oil,"
~Naghamish concluded his statement by saying, "The government statements confirm the resumption of exports during THIS WEEK or NEXT WEEK, and the Oil Committee, in turn, will follow up and meet to discuss this file."
~The CEO of Qamar Energy, Robin Mills, confirmed the Turkish side's readiness to start operating the oil pipeline immediately, but he explained that "it may take {A FEW WEEKS} even if all parties are ready, due to the need to agree on the final methodology for operating the pipeline and transferring funds."
~APIKUR member companies {DO NOT HAVE AGREEMENTS} that would lead to resuming oil exports today.
From my studies—Seems like (imo):
Iraq Gov't is delaying & coming up with excuses to START EXPORTING OIL
INTERNATIONALLY from the Kurdistan Region for a reason…they’re TIMING it & WAITING to begin exports simultaneously alongside with the submission of the 2025 BUDGET SCHEDULES/TABLES to Parliament in {MID MARCH}.
(seems like rate change dependent to resume the OIL) we shall see
