⚠️ IMPORTANT DISCLAIMER
This article reflects Jeff’s analysis and opinion regarding Iraq’s currency, budgets, and historical exchange rates.
All information is opinion-based and speculative and not financial advice.
🇮🇶 JEFF: WHY THE BUDGET FREEZE IS A MASSIVE RATE SIGNAL
According to Jeff, some of the strongest evidence yet that Iraq is critically close to a rate change is found not in rumors, but in Iraq’s own budget process.
Jeff emphasizes a fundamental point often overlooked:
🧾 A budget is nothing more than a law — and laws must be calculated using a currency value.
🏛️ WHY THE 2025 & 2026 BUDGETS ARE PAUSED
Jeff explains that:
The amended 2025 budget
And the 2026 budget
have not yet been approved, and this is not political gridlock.
🔑 The Real Reason:
All aspects required to approve a law must already exist.
👉 What does not exist yet?
The currency value that these budgets are calculated on.
Because budgets are numerically tied to the exchange rate, Iraq cannot finalize or approve them until the new rate is known.
⏸️ This is why the budgets are currently paused and suspended.
💱 BUDGETS & CURRENCY VALUE: THE DIRECT CONNECTION
Jeff stresses:
Budgets are math
Math requires a rate
A rate change must come first
Budgets follow immediately after
This creates a logical sequence:
Rate change
Budget approval
Legal implementation
📊 You cannot legally approve a budget using the wrong currency value.
⏳ WHAT CAUSED THE IQD TO FALL IN THE FIRST PLACE?
Jeff poses a critical historical question:
❓ What originally devalued Iraq’s currency?
👉 Answer:
U.S. and UN sanctions
Sanctions crushed Iraq’s economy
Currency value collapsed
Iraq lost access to global markets
🔄 THE RECIPROCAL LOGIC: SANCTIONS OFF = VALUE BACK ON
Jeff applies simple historical and economic logic:
In 2003, before sanctions fully took effect, the Iraqi dinar was valued at $3.22
At that time, it was one of the highest-valued currencies in the world
🧠 Jeff’s Key Point:
If sanctions brought the currency down, then removing sanctions should restore it.
🔁 Take off what caused the fall — and the currency reinstates.
After 22 years, removing sanctions would theoretically return the dinar to its original reinstatement value.
💵 THE $3.22 REINSTATEMENT ARGUMENT
Jeff’s logic leads to a clear conclusion:
Sanctions removed
Iraq sovereign again
Global trade restored
Currency reinstates
📍 Reinstatement level:
➡️ $3.22 per IQD
🇰🇼 KUWAIT COMPARISON STRENGTHENS THE CASE
Historically:
Iraq’s currency was slightly higher than Kuwait’s
Today, the Kuwaiti dinar is ~$3.25
Jeff notes that a $3.22–$3.25 range would be:
Historically consistent
Regionally logical
Economically justified
📈 Iraq returning near or above Kuwait’s level would not be unusual — it would be normal.
⭐ FEATURED SNIPPET
Why are Iraq’s 2025 and 2026 budgets frozen?
According to Jeff, Iraq’s budgets are paused because they must be calculated using a new currency value, signaling that a rate change must occur before budget approval.
🧠 WHAT THIS MEANS FOR THE RV DISCUSSION
Jeff’s analysis suggests:
The rate change is not optional
It is legally required
The pause itself is the signal
History provides the benchmark
⏰ Budgets don’t wait — they force action.
❓ Q&A: KEY QUESTIONS ANSWERED
❓ Is the budget delay intentional?
Yes. Jeff believes it is strategic and necessary.
❓ Can Iraq approve budgets at the current rate?
No. The math would be legally invalid.
❓ Why $3.22 specifically?
That was Iraq’s pre-sanctions value in 2003.
❓ Does sanction removal matter?
Yes. Sanctions are what destroyed the value.
❓ Could the IQD exceed Kuwait?
Historically, Iraq’s currency has been slightly higher.
📌 KEY TAKEAWAY
Iraq’s frozen budgets are not a delay — they are a confirmation.
The missing piece is the currency value, and history strongly suggests where that value belongs.
💬 When the rate changes, the budgets move. Not the other way around.
⚠️ FINAL DISCLAIMER
This content is opinion and analysis only, based on historical context and interpretation.
It is not financial advice. Always consult professionals.
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Jeff
Very good information is coming out showing you how critically close the rate change is...You have to consider the budget is nothing more than a law. The budget is calculated off the currency value...The draft amended '25 budget and the '26 budget haven't been approved yet because all aspects of laws have to exist in order to approve them.
What doesn't exist yet would be the currency value that those two budgets are calculated off of. That's why they're being paused and suspended right now waiting for the rate to change...
What originally devalued the currency and brought it down?
It was US/UN sanctions that brought it down. At the time in 2003 when it was devalued it was the highest currency valued in the world at $3.22...Now let's do the reciprocal of that. What happens if you take the sanctions off that brought it down?
Theoretically it would reinstate back to the original 2003 value of $3.22. It reinstates...When you take the sanctions off after 22 years, it reinstates it back to where it was of $3.22...Historically Iraq's currency has always been slightly higher currency value that Kuwait's. Today Kuwait's currency is $3.25.