Wednesday, July 2, 2025
THE DOLLAR IS DECLINING.” POSITIVE INDICATORS FROM THE SULAYMANIYAH STOCK EXCHANGE AFTER THE WAR ENDED
THE DOLLAR IS DECLINING.” POSITIVE INDICATORS FROM THE SULAYMANIYAH STOCK EXCHANGE AFTER THE WAR ENDED
On Tuesday, the official spokesperson for the Sulaymaniyah Stock Exchange, Koran Jabbar, linked the decline in the dollar exchange rate in Iraq to the announcement of a halt to the regional war between Iran and Israel. He stressed that any provocations or mutual escalation between regional parties could lead to slight fluctuations in exchange rates.
“The decline in tensions in the region and the emergence of signs of understandings between Iran and the United States have directly impacted the dollar exchange rate in the Iraqi market, which has dropped from 148,000 dinars to 142,000 dinars per 100 US dollars,” Jabbar told Shafaq News Agency.
Jabbar explained that “the recent decline in the exchange rate is linked to a number of political and economic factors, most notably the cessation of military escalation and the resumption of dialogue channels between Tehran and Washington. These changes have also boosted market confidence and led to a relative improvement in the value of the Iraqi dinar against the dollar. ”
He added that “recent statements by US President Donald Trump have also contributed to supporting the Iranian currency,” explaining that “Iran, as one of the largest economies in the region, possesses a strong production infrastructure and has been able to build a self-sufficient economy since 1979, making it less vulnerable to collapse due to political and security tensions.”
The stock exchange spokesperson noted that “continued provocations or mutual escalation between regional parties may lead to minor fluctuations in exchange rates, but they are not expected to have a radical impact on monetary stability in Iraq or Iran in the near term.” He noted that “the current price of the dollar in the Iraqi market is acceptable and relatively stable, and is likely to continue unless severe geopolitical developments occur.”
He stressed the “need for a well-thought-out difference between the official dollar exchange rate approved by the Central Bank of Iraq and the market rate, as this plays a significant role in alleviating pressure on foreign exchange reserves and enhancing the effectiveness of financial trading mechanisms.”
The exchange rate of the US dollar against the Iraqi dinar witnessed a significant decline in the markets of Baghdad and Erbil on Tuesday evening, coinciding with the closing of the stock exchanges. The dollar exchange rate in Baghdad fell to 141,600 dinars for $100, compared to its morning level of 142,500 dinars. Prices also declined in Erbil, reaching 141,300 dinars for sale and 141,100 dinars for purchase for $100.
TIDBIT FROM SANDY INGRAM: This is Needed for Revalue the IQD!!!
Sandy Ingram
In June the World bank approved a $930 million loan for the Iraq railways extension and modernization project connecting Umm Qasr in the South and Mosul in the north.
This investment will boost domestic trade, create jobs and reduce reliance on oil exports which is necessary for a revalue of the IQD.
A SIGNIFICANT DECLINE IN THE VOLUME OF FOREIGN LOANS, AND IRAQ IS IN THE GREEN SIDE IN INTERNATIONAL CREDIT STANDARDS
A SIGNIFICANT DECLINE IN THE VOLUME OF FOREIGN LOANS, AND IRAQ IS IN THE GREEN SIDE IN INTERNATIONAL CREDIT STANDARDS
Iraq’s external financial policy has improved its global credit rating, with external debt declining to approximately $10 billion.
Despite the rise in domestic debt, economists assert that it poses no risk, thanks to the government’s ability to set interest rates and schedule repayments.
The Iraqi government’s foreign financial policy appears to be improving, as evidenced by a decline in foreign borrowing rates.
This decline raises Iraq’s global credit rating, which is based on the size of the debt and the country’s ability to repay interest.
TIDBIT FROM MILITIAMAN: They're going to integrate into the global financial system!!
Militia Man
Salaries and...the 2025 budget tables...They're hammering it out...They need to have this resolved before they integrate into the global financial system...
They're going to integrate into the global financial system.
I think they're going to need an exchange rate to do so which they haven't done at 1310 for three years. Obviously they're going to have a real effective exchange rate..
IRANIAN PRESIDENT: WE ARE READY FOR COMPREHENSIVE COOPERATION AND TO OPEN A NEW PAGE WITH THE GULF STATES
IRANIAN PRESIDENT: WE ARE READY FOR COMPREHENSIVE COOPERATION AND TO OPEN A NEW PAGE WITH THE GULF STATES
Iranian President Masoud Pezeshkian announced on Sunday his country’s readiness for comprehensive cooperation and to open a new page with the Gulf Cooperation Council.
During the cabinet meeting, Pezeshkian said that Iran is ready for comprehensive cooperation with the Gulf Cooperation Council, and that “through this path, we can open a new page in our relations in the region itself, given the urgent need to strengthen ties and develop cooperation among Islamic countries,” according to the IRNA news agency.
The Secretary-General of the Gulf Cooperation Council, Jassim Mohammed Al-Budaiwi, condemned “in the strongest terms the missile attack launched by Iran against the State of Qatar.”
Meanwhile, Anwar Gargash, diplomatic advisor to the UAE president, said on Saturday that Iran “is required to restore trust with its Gulf neighbors.”
Doha was hit by an Iranian missile barrage last Monday evening. Tehran claimed that the attack was not targeting Qatar, but rather the US Al-Udeid airbase on Qatari territory.
The targeting of Al Udeid airbase came in response to the US bombing of nuclear facilities inside Iranian territory.
Hours after this Iranian response, the US president declared a ceasefire and an end to the escalation between Iran and Israel, which had lasted 12 days.
TIDBIT FROM MNT GOAT: This is part of the economy moving away from the rentier economy!!!
Mnt Goat
...Iraq keeps moving forward with their economy as in the article titled. “IRON ORE EXTRACTION, SULFUR AND DRY GAS INVESTMENT…THE GOVERNMENT IS DISCUSSING TWO REQUESTS AND A CHINESE OFFER” The meeting was attended by representatives of several foreign companies...
So, Iraq is just not talking about exploiting their mineral resources they are doing something about it to bring it to market. This is part of the economy moving away from the rentier economy.
As investors we must stay focused. We can look at the Iranian / Israel conflict as holding things up, but for Iraq they keep trucking on and on.
Al-Sudani stays focused on the objectives. Why?
He knows that the SECRET to success is these industrial cities. He must get his country off the “rentier” economy.
TRUMP: I WILL MEET WITH THE IRANIANS NEXT WEEK AND MAY ASK FOR A PLEDGE THAT IRAN WILL NOT RESUME ITS NUCLEAR ACTIVITY.
TRUMP: I WILL MEET WITH THE IRANIANS NEXT WEEK AND MAY ASK FOR A PLEDGE THAT IRAN WILL NOT RESUME ITS NUCLEAR ACTIVITY.
US President Donald Trump announced that he will meet with Iranian officials next week, and may ask for a pledge that Iran will not resume its nuclear activity.Trump said in a press conference: “Iran fought a brave war, and the Iranians want money to rebuild their country, and China can buy oil from them.”
He added: “We hit Iran hard before it could move any nuclear materials from the facilities we bombed.” Trump continued:
“The war is over and we will meet with the Iranians next week, and I may ask Iran for a pledge not to resume its nuclear activities.”
(It would be very sad if the regime is not changed. This would be a “grave” mistake! Let’s pray that God’s will is done whatever happens.)
Iraqi Dinar (IQD) Update: Official & Parallel Rates Near Parity! 🚨
Iraqi Dinar (IQD) Update:
Official & Parallel Rates Near Parity!
Is a Major CBI Rate Change on the Horizon? 
As of July 1, 2025, at 6:53 PM AEST, the Iraqi Dina
r’s official and parallel market rates are closer than ever, signaling potential seismic shifts in Iraq’s monetary policy.
Let’s break it down with the latest data and what it means for Iraq’s economy. 
As of July 1, 2025, at 6:53 PM AEST, the Iraqi Dina
r’s official and parallel market rates are closer than ever, signaling potential seismic shifts in Iraq’s monetary policy.
Let’s break it down with the latest data and what it means for Iraq’s economy. -----
Latest Rates
- Official Rate (Xe): 1 USD = 1,309.9950 IQD (1 IQD = 0.0007634 USD), sourced from Xe’s live currency converter, reflecting the Central Bank of Iraq’s (CBI) tightly controlled rate.
- Parallel Market Rate: 1 USD = 1,315.00 IQD (1 IQD = 0.0007605 USD), based on a selling price of 131,500 IQD per $100 USD reported by @IraqMarketPulse on X (July 1, 2025, 14:30 AEST), with @BaghdadTrader noting a similar trend in Baghdad’s street markets.
The Gap is Shrinking!
The difference between the official and parallel rates has plummeted to just 5.0050 IQD/USD, a mere 0.38% premium over the official rate. Compare this to June 17, when the gap was 128.96 IQD/USD (9.84% premium), or even earlier at 125.01 IQD/USD (9.54% premium) on June 18.
In USD terms, the parallel market now values the IQD at a 0.38% discount (0.0000029 USD/IQD), down from 8.71% just two weeks ago.
This is the tightest spread we’ve seen in recent history, bringing the rates tantalizingly close to parity.
But what’s driving this convergence, and could it signal a major CBI policy shift? 
TRUMP: WE WILL MEET WITH THE IRANIANS NEXT WEEK AND WE MAY REACH AN AGREEMENT.
TRUMP: WE WILL MEET WITH THE IRANIANS NEXT WEEK AND WE MAY REACH AN AGREEMENT.
US President Donald Trump ruled out on Wednesday (June 25, 2025) the desire of Israel and Iran to return to war. Trump said in a press statement: “I do not believe that either Israel or Iran will attack the other after today.”
He added, “Last week, we carried out a very precise and successful attack on Iran’s nuclear facilities,” stressing, “We have a great military, and our attacks in Iran demonstrated the power of American deterrence.”
Trump indicated that “the massive deployment of American power paved the way for peace.” He continued, “According to a statement by the Israel Atomic Energy Commission, the attacks succeeded in setting back Iran’s nuclear program for years.”
The US president criticized “the fake media in the United States that question the results of our strikes in Iran,” noting that “30 missiles were launched from American submarines during our attack and accurately destroyed their targets in Iran.”
TIDBIT FROM MARKZ: We are seeing real measurable movement!!
MarkZ
[via PDK]
I know 2 people (...one personally) who have Super Petchelli bonds - that have appointments later on today... Another with historic assets has traveled and is in place for the transaction.
To walk in…trade assets and walk out with dollars.
We are seeing real measurable movement.
Questions: With all the sudden bond movement, what do you think that gives us a timeline for. ..us...Is this the week we have been waiting for?
MarkZ: I hope so…seems like some odd things are coming together.
The government and banks in Iraq will be closing on both Tuesday and Sunday this week. Banks say they are taking a “bankwide inventory”.
This was announced unexpectedly. My people on the ground in Iraq are excited. This is a golden opportunity for a rate change in my book.
Tuesday Coffee with MarkZ. 07/01/2025
Tuesday Coffee with MarkZ. 07/01/2025
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Morning- It’s a new month, and new quarter. Let's see a ReValue.
Member: Happy Canada Day for ll the Canadians here.
Member: Good Terrific Tuesday……What’s the good new Mark?
MZ: I know 2 people (I know one personally) who have Super Petchelli bonds -that have appointments later on today. They have actually traveled there and have meetings set.
MZ: Another with historic assets has traveled and is in place for the transaction. To walk in…trade assets and walk out with dollars.
MZ: We are seeing real measurable movement.
Member: With all the sudden bond movement, what do you think that gives us a timeline for group 4B or us whatever you wanna call us lol
Member: Is this the week we have been waiting for?
MZ: I hope so……seems like some odd things are coming together. The government and banks in Iraq will be closing on both Tuesday and Sunday this week. Banks say they are taking a “bankwide inventory”. This was announced unexpectedly. My people on the ground in Iraq are excited.
MZ: This is a golden opportunity for a rate change in my book.
Member: and the US has a 3 day weekend with the 4th of July on Friday. Iraq correlates with our 4th of July weekend
Member: So is it true the Dinar is on Forex and Bloomberg at this point? Yes still at 1310 but being up and live for the first time in 22 years would be an incredible preemptive step towards the RI and REER!
MZ: I know there are lots of rumors out …and yes we have seen some crazy rates popping again overnight last night. A systems test of some sort???
Member: Global gold reserves from central banks just hit 36,000 tonnes. This is approaching levels not seen since the Bretton Woods era in the 1960s.
Member: The Ministry of Trade announced plans on Saturday to develop infrastructure by digitizing services to accelerate trade and reduce costs.
Member: When the RV goes and currencies are asset backed including USA, wouldn't they all be 1:1?
Member: Eventually they will…according to Mr. C. First they revalue…..then they reset to parity?
MZ: “A new development in the payroll file” Today Kurdistan dues are awaiting federal government vote. This could be a huge move in settling the HCL, oil and gas law ect….which we keep hearing is a final step before values change.
MZ: “Inflated bills and dollar smuggling continues despite American controls. Expert calls for exceptional measures” I think it may be an excuse to close the financial borders…stop anything coming and going from the country. We were told this would happen right before the change... yes- they have mechanisms in place to close the financial borders.
MZ: “Banking activity stopped in Iraq” stopped on Tuesday for semi annual bank procedures. No reception of customers….this sudden inventory is odd.
Member: Just RV already and let the good times roll!!!!!
Member: thanks Mark and Mods…..seems are hearing up this week. Praying this is finally “it”
Member: Everyone enjoy your day.
The mushroom ladies are on stream today. Please listen to the replay for their information
TIDBIT FROM PIMPY: "As the Israel-Iran War concludes, the U.S. Moves to Reset Iraq's Political Order"
Pimpy
Article: "As the Israel-Iran War concludes, the U.S. Moves to Reset Iraq's Political Order"
That guys that was in their Supreme Court that's causing all kinds of problems, he was finding cases in favor of Iranian-backed situations, causing a lot of tension in the Middle East, that person has been removed...
One of the things I spoke about over the years is Iraq can never get their crap together because of the Iranian influence. If you can remove that influence, I really believe Iraq could flourish...
IRAQ HEADLINES NEWS: IRAQ urged Turkey to increase water releases into the Tigris and Euphrates rivers
IRAQ HEADLINES NEWS
Iraqi Parliament Speaker Mahmoud al-Mashhadani urged Turkey to increase water releases into the Tigris and Euphrates rivers during a meeting with his Turkish counterpart, Numan Kurtulmus, in Ankara, emphasizing the urgent need for action at this time of year to ensure sufficient water reaches Iraqi provinces. Al-Mashhadani also reaffirmed Iraq’s commitment to avoiding involvement in regional conflicts, stating, “We are working to spare Iraq from sliding into conflicts.”
: Al-Mashhadani's office
---
#BREAKING: The Iraqi Council of Ministers has concluded its session without discussing the salaries of Kurdistan Region civil servants, a Kurdish minister told Zoom News, adding that it remains uncertain whether Prime Minister Mohammed Shia al-Sudani will authorize the release of funds.
Iraq’s Imports Surge. But What’s the Dinar Doing?
Iraq’s Imports Surge. But What’s the Dinar Doing?
Iraq just locked in $1.1 billion in imports from Turkey; ranking 5th globally. That’s not small change. It’s a major signal: Iraq is still a serious player in regional trade. But before you cheer for the dinar…
Oil’s hovering at $66.60
White goods imports are slipping due to Chinese competition
IQD is still pinned, not climbing
Here’s the truth most won’t say: Trade volume doesn’t mean strength; unless it's paired with strategy.
Iraq is importing like a developed economy. But it’s not exporting like one. And that imbalance? It hits the dinar harder than you think.
Meanwhile, Turkey wins on margins. Iraq gets goods. But what does Baghdad get if oil dips below $65?
For IQD holders: watch the price per barrel; not the size of the shipment.
For VND holders: this isn’t your headline. But remember; global trade works like a chain. When one link shakes, all feel the tension.
Are you betting on volume?
Or on value?
Because in this economy, only one holds.
IRAQ HEADLINES NEWS:KRG) Council of Ministers will convene to review the outcome of recent negotiations between Erbil and Baghdad
IRAQ HEADLINES NEWS
#BREAKING: The Kurdistan Regional Government (KRG) Council of Ministers will convene on Wednesday to review the outcome of recent negotiations between Erbil and Baghdad over civil servant salaries and the potential resumption of oil exports from the Kurdistan Region, a source from the Council told Zoom News.
: KRG
--
Any potential attack on Iran, especially from the Kurdistan Region, whether by armed groups or US forces, will be met with a response “more severe" than the strike on Qatar’s Al Udeid Air Base, warned Major General Rahim Safavi, senior advisor to Iran’s Supreme Leader, in an interview with Iraq’s Al Ahd TV.
: Tasnim News Agency
TIDBIT FROM FRANK26: A sovereign country must protect its borders
Frank26
A sovereign country must protect its borders, its air, its water, its land, everything.
That is what Iraq is telling the world right now, that we are a sovereign nation therefore we have a sovereign exchange rate, a sovereign currency...that does not belong to 1310.
IMO $3.22 belongs to Iraq.
Strengthening the US-Iraq Relationship through Energy and Security
Redefining and Strengthening the U.S.-Iraq Relationship Through Energy and Security
Iraq is more stable than it has been in decades but still faces enormous security and energy challenges, including the risk of spillover from Iran-Israel hostilities,
dependence on unreliable Iranian gas amid untapped domestic opportunities, an untested Syrian government, and the unrelenting Islamic State threat.
EXCERPTS FROM MARKZ: Some “historical assets” that are very set with appointments and timing!!
EXCERPTS FROM MARKZ
Member: Is today our day????
MZ: that’s a heck of a question. I will tell you what I am hearing. I did get a bond update this morning which is unusual for a Monday morning.
MZ: There are some folks with some “historical assets” that are very set with appointments and timing. . Including really big transfers. I am waiting for another update today. These appointments will happen this week. I do not know times for security…..it’s big money. One of these deals is a trillion dollars that is expected to close this week.
MZ: buckle up folks. When it goes…..we will also go pretty soon……. I am upbeat but trying to stay calm.
Iraq Opens Two Major Overpasses in Baghdad
By John Lee.
Prime Minister Mohammed Shiaa Al-Sudani has opened two overpasses in the Tobji area of Baghdad's Karkh district, as part of the first phase of infrastructure works aimed at easing traffic congestion in the capital.
The project, implemented under the Ministry of Construction and Housing's traffic decongestion plan, is one of 16 such initiatives, 11 of which have been completed to date.
The two new overpasses span 950 metres towards Al-Alawi and 550 metres towards Aden Square, with eight access ramps connecting them to Bin Hayyan Bridge and July 14 Street. The development is expected to significantly improve traffic flow between Al-Adhamiyah, Al-Mansour, Al-Alawi, and Aden Square.
Al-Sudani praised the efforts of the Ministry of Construction and Housing, Baghdad Municipality, the Prime Minister's Monitoring Team, the Baghdad Governorate, and the implementing company. He also expressed appreciation to the residents of Baghdad for their patience during the project's construction.
He reiterated the government's commitment to infrastructure improvement across Baghdad and other governorates, emphasising the importance of completing stalled projects and launching new ones in sectors such as water, sanitation, housing, and urban development.
IQD Weakens as Dollar Climbs: Oil & Policy Hold the Keys!!
IQD Weakens as Dollar Climbs: Oil & Policy Hold the Keys
The dollar just gained strength in Iraq. Exchange rates in Baghdad hit 141,450 IQD per 100 USD, while sellers asked up to 142,500 IQD; a clear sign the dinar is under pressure. Why?
Oil prices are hovering at $66.62 per barrel, dangerously close to Iraq’s fiscal break-even. Gold is trading high at $3,269.16/oz, signaling global risk aversion. The IQD, still tightly managed, is showing signs of strain in informal markets.
But this isn’t the signal for an imminent IQD revaluation.
The real pivot?
Iraq’s ability to rein in spending, diversify beyond oil, and implement banking reforms urged by the IMF.
Until then, the parallel market will continue whispering what the official rate won’t.
For IQD holders, this is a watch and hedge moment.
For VDN holders, the impact is distant; but still a cue to track Middle Eastern oil-linked volatility.
Hedging remains key. Gold, SILVER, real estate, BTC (still projected to hit $151K), or XRP are worth considering.
Subscribe to:
Comments (Atom)
GOLDILOCKS: Banks Ready for Upcoming Currency Swaps – All Tests Finished @DINARREVALUATION #Iraq
Read also: Q & A WITH GINGER ABOUT HOW PEOPLE WILL RECEIVE NOTIFICATIONS AND THE PROCESS IN THE REDEMPTION CENTERS
