Iraq’s Former Deputy Prime Minister Speaks on Elections
Hoshyar Zebari, Iraq’s former Deputy Prime Minister, shared insights on the nation’s post-election future. Investors are closely monitoring these developments, as the outcomes may affect the Dinar RV and Iraq’s financial reforms.
Featured Snippet:
“Hoshyar Zebari highlights the importance of stable governance and reforms to ensure Iraq’s reintegration into global markets.”
Progress on the Oil and Gas Law (HCL)
For the first time in 20 years, the Oil and Gas Law is advancing:
Cabinet approval and parliamentary passage are underway.
Kurdish representatives are largely onboard, supporting smooth implementation.
Expected to be one of the first bills taken up by the new parliament in 2026.
Featured Snippet:
“The Oil and Gas Law is moving forward, with strong assurances it will pass parliament and support Iraq’s economic development.”
Parallel vs Official CBI Dollar Rate
The Central Bank of Iraq (CBI) has addressed concerns over the parallel market:
Controlled spikes in the dollar are expected, often driven by speculation.
Recent spikes related to the ASYCUDA advance customs declaration are under control.
Measures are being implemented to eliminate the parallel market, including electronic banking and QR rapid access systems.
The CBI is coordinating with 80 international banks for broader currency access.
Featured Snippet:
“CBI reforms ensure the parallel market poses no threat, paving the way for a stable Dinar reinstatement.”
Collection of Currency Outside the Banking System
A major challenge has been the 90 trillion IQD held by the public outside banks:
The CBI is implementing electronic payment systems and point-of-sale measures to reduce hoarding.
Both old and new denominations will circulate for at least a year after zero removal.
This ensures liquidity and a smoother transition during the Dinar RV.
Featured Snippet:
“Electronic banking initiatives are reducing cash hoarding, with CBI ensuring proper circulation of new and old banknotes.”
Election and Political Dynamics
Iranian influence remains a concern, with some militias and elected officials connected to Iran.
U.S. Special Envoy Mark Savaya and coordination with the US Ambassador are critical to ensure reforms proceed smoothly.
al-Sudani is likely to continue as Prime Minister for a second term, though objections may arise from opposition factions.
Political stability must align with financial reforms to allow successful Dinar reinstatement (RV).
Featured Snippet:
“Political stability and continued reforms are essential for the timely reinstatement of the Iraqi Dinar and reintegration into Forex markets.”
Key Takeaways
Hoshyar Zebari emphasizes stability and reform post-elections.
Oil and Gas Law (HCL) is on track for parliamentary approval in 2026.
CBI reforms address currency hoarding, parallel markets, and banking modernization.
Dinar RV remains targeted for early 2026, with flexibility depending on political and fiscal readiness.
Citizens and investors should monitor progress closely for strategic opportunities.
Recommended Reading
“The Central Bank Wants to Solve the Cash Problem” (12/2 Newsletter)
“The Advance Customs Declaration Comes into Effect” (12/4 Newsletter)
“The Oil and Gas Law: Kurdish Priorities in Government Formation” (11/20 Newsletter)
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IRAQ’S FORMER DEPUTY PRIME MINISTER HOSHYAR ZEBARI SPEAKS ON THE COUNTRY’S FUTURE AFTER ELECTIONS
Watch this video interview and see if you can figure out as to how this may turn out for us investors.
(Mnt Goat: This is still the sour grape and Iraq awaits President Trump’s special envoy Mark Savaya to arrive. Let’s see what happens from his meetings.)
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- Passing and Implementing the Oil and Gas Law (or HCL): Please seethearticle below for an update on this new law:
“AN ENDLESS CRISIS: WHY HASN’T THE OIL AND GAS LAW BEEN RELEASED FROM THE DRAWERS FOR 20 YEARS?” from today.
Seems they want to get the new law from the cabinet to parliament to try to pass it finally. I think everyone is finally onboard with this including mostly Kurdistan. They are actually now following the provisions within the law and so I don’t think it is going to be hard to pass. So it will probably be one of the first bills taken up in the new parliament in 2026.
“THE OIL AND GAS LAW: KURDISH PRIORITIES IN THE IRAQI GOVERNMENT FORMATION NEGOTIATIONS” from 11/20 Newsletter
(Mnt Goat: I do not believe this is any longer going to be an issue and there are strong assurances that the Oil and Gas Law will finally go to parliament and be voted on and pass.)
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- Parallel vs Official CBI rate of the dollar: Well,,,well,,, we have certainly heard lots about the parallel market and so according to the CBI this is no longer of any real concern. They told us they expect spikes in the dollar from time to time and so we have had them. However, they are controlled spikes since they occur mostly under speculation or when the CBI decides to make changes that effect the dollars in some way. For instance, of the recent spike when the CBI proposed the ‘advance customs declaration’ issued by the ASYCUDA system. The speculators in the dollar (black market) tried to kill the CBI program with claiming they needed a devaluation in the dinar. It was all just hyped up and we read multiple articles on it. Surely a devaluation would have made the market much worst but in their favor. See articles titled:
“THE ADVANCE CUSTOMS DECLARATION COMES INTO EFFECT” from the 12/4 Newsletter
“THE CENTRAL BANK WARNS THOSE SPREADING RUMORS ABOUT THE DOLLAR EXCHANGE RATE” from the 12/2 Newsletter
“PRESSURE ON THE CENTRAL BANK TO CHANGE THE EXCHANGE RATE CONSTITUTES INTERFERENCE WITH ITS INDEPENDENCE” from the 12/2 Newletter
“THE CENTRAL BANK SETTLES THE DEBATE: THERE IS NO INTENTION TO AMEND THE EXCHANGE RATE OF THE IRAQI DINAR” from 11/25 Newsletter
(Mnt Goat: I do not believe this is any longer going to be an issue. The CBI has told us already many times this is not a major issue and they can control the parallel market. That any recent spikes they predicted form speculators and are short lived. Soon there are measures that will eliminate the parallel market all together like the advance customs declaration issued by the ASYCUDA system, including the rapid access code (QR). The CBI is working with 80 international banks already and soon most banks will be allowed to work with any international currency once the Banking Reform project is completed. This has international IQD written all over it.)
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- Collection of the 80% of currency outside the banking system: Every week there is an article on this one in some fashion or closely related. It is of major concern. amount of cash held by the public is estimated at around 90 trillion dinars, out of a total money supply of 98 trillion dinars in Iraq.
Remember that this retrieval of currency is all related to the electronic banking and Point of Sale. These are ways to avoid more stashes in the future. Today we have yet more articles titled:
“ECONOMIC: THE SHIFT TOWARDS AN ELECTRONIC PAYMENT SYSTEM PROVIDES THE STATE WITH FINANCIAL LIQUIDITY” from today.
“THE ELECTRONIC PAYMENT SYSTEM: A DIGITAL TRANSFORMATION THAT THREATENS CITIZENS’ TRUST” from today.
“THE CENTRAL BANK WANTS TO SOLVE THE CASH PROBLEM” from the 12/2 Newsletter.
“CENTRAL BANK OF IRAQ: NET CURRENCY IN CIRCULATION EXCEEDS 92 TRILLION DINARS IN ONE MONTH” from 11/20 Newsletter
“FINANCIAL EXPERT: PEOPLE DO NOT TRUST BANKS AND ARE STORING THEIR MONEY AT HOME” from 11/4 Newsletter
(Mnt Goat: I do not believe this is any longer going to be an issue as value will be added to these stashes of notes, which we were just told are mostly the older lower denominations. We are told the the older notes and the newer lower denominations will coincide both in and out of Iraq for at least a year once the remove the zeros project occurs.)
Election Update:
Lastly the other swamp that must be drained is the infiltration of Iran into Iraqi politics and the move by Iran to make Iraq a puppet state. Iran wants the GOI to fund the Iranian militia…. and make it legal too. How about that for corruption? By all the news we have been reading from my blog, most should realize by now the severity of this past November elections and what it will mean to get al-Sudani back for a second term. Oh boy…. does this sound familiar with Donald Trump and his second term…. Many say in Iraq that this past election is critical for Iraqi just as the last election was so critical in the U.S. and for the future survival and prosperity of both countries. The parallels of the US politics to Iraqi politics are uncanny, almost scary how we could have lost both countries to the dark side. It is not hard to see some entity behind the scenes orchestrating these events for the betterment of mankind. Could it be God’s Hand?
New details have emerged about the talks for selecting a prime minister, and this is the American position. Former MP, Abdul Hadi Al-Saadawi, revealed new details about the coordination framework talks for selecting the next prime minister, clarifying the American position on the new government. I do not know what will happen about all these Iranians who won so many seats in the election. We are still waiting to hear how the U.S. wants to handle this issue. More than likely, the dual passports and citizenship issue will arise and may eliminate them from politics. The second runners-up, if not Iranian, may take the seat.
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?


