Iraq Dinar Update: CBI Multi-Currency Trading & Oil Price Forecast 2026
Iraq’s economy continues to make strategic moves toward financial modernization. Recent developments highlight multi-currency trading conditions, ongoing oil price forecasts, and implications for the Iraqi Dinar (IQD).
Understanding these updates is key for anyone tracking the potential revaluation (RV) and the health of Iraq’s monetary system.
🏦 CBI Approves Multi-Currency Trading
The Central Bank of Iraq (CBI) has set new conditions for Iraqi banks wishing to trade in currencies other than the US dollar, such as the Euro and Chinese Yuan.
Key Conditions for Banks:
Minimum capital requirement: 300 billion Iraqi dinars
Compliance with international trade regulations
Integration with existing CBI oversight and payment systems
This marks another step away from past UN sanctions-era limitations, allowing Iraq to re-enter global trade markets more flexibly.
Although banks can technically trade in foreign currencies since January 2023, international adoption remains limited due to the dinar’s low valuation and geopolitical concerns, particularly Iranian influence.
🛢 Iraq’s 2026 Oil Price Forecast
Oil remains Iraq’s primary revenue source, making its price a major factor for economic stability.
2026 Budget Estimates:
Price per barrel: $55–$62 (Prime Minister’s financial advisor, Mazhar Muhammad Saleh)
Influencing factors:
Geopolitical tensions
Global energy demand
OPEC+ production policies
Renewable energy trends
External Considerations:
Julie Green prophecy predicts potential disruptions in Saudi oil, possibly raising global oil prices.
Standard & Poor’s reports a potential average Brent crude price of $58, indicating a short-term decline from 2025.
Iraq’s budget range demonstrates flexible fiscal planning to handle volatility while maintaining monetary reserves and currency stability.
💡 Featured Snippet
The Central Bank of Iraq has set conditions for banks to trade in multiple currencies, signaling a move away from dollar dependence.
Coupled with a projected oil price range of $55–$62 in 2026, these developments strengthen Iraq’s economic framework and influence the stability of the Iraqi Dinar.
📊 Key Factors Affecting Dinar Revaluation
Stable Economy & Low Inflation – Essential for confidence in the IQD.
Political Stability – Completion of elections and government cooperation.
High Monetary Reserves – Supports currency value and budget planning.
Sanctions-Free Trade – Reduces artificial restrictions and enhances liquidity.
Oil Price Stability – $55–$62 range helps maintain fiscal health.
Security & Reduced Militia Influence – Critical for investor confidence.
Anti-Corruption Measures – Ensures funds are used effectively.
While Iraq is moving in the right direction, the RV depends on all these conditions aligning, not just rumors or speculation.
❓ Q&A: Understanding the Latest Iraq Dinar & Economy Updates
Q: Can Iraqi banks trade currencies besides the dollar?
Yes, but only if they meet CBI requirements, including a minimum capital of 300 billion IQD.
Q: Is the oil price in Iraq’s 2026 budget fixed?
No, it is projected between $55–$62 per barrel, subject to geopolitical and market factors.
Q: Does this mean the Dinar is revalued?
Not yet. These steps strengthen
economic stability, which is a prerequisite for a potential RV.
Q: How does Saudi oil affect Iraq’s currency?
Fluctuations in regional oil supply can influence Iraq’s reserves, fiscal balance, and Dinar stability.
🔹 Conclusion
Iraq is actively modernizing its financial system:
Banks can now trade in multiple currencies, moving away from US dollar dependency.
Oil price projections are realistic, reflecting geopolitical and market volatility.
Economic and political stability remain crucial for the Dinar’s potential RV.
The RV is not immediate. Understanding Iraq’s policy measures, customs reforms, and budget planninggives a clear picture of how and when the IQD could strengthen.
🔗 Stay Connected – Official Platforms
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https://dinarevaluation.blogspot.com/
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https://t.me/DINAREVALUATION
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https://x.com/DinaresGurus
▶️ YouTube:
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🔥 Hashtags
#IQDUpdate #CBIMultiCurrency #IraqDinar #OilPrice2026
#IraqEconomy #DinarStability #MonetaryPolicy #TradeReform
#BudgetPlanning #GlobalOilMarkets #FinancialForecast
MNT GOAT
Let’s move on to other important news….
So, we all knew this next news was coming and I talked about this just recently. Gee- whiz…. this is like déjà vu! See article titled “AN ECONOMIC OBSERVATORY REVEALS THE CENTRAL BANK OF IRAQ’S CONDITIONS FOR BANKS TO TRADE IN CURRENCIES OTHER THAN THE DOLLAR.” Here it is in this article. Another step in the breakaway from sanctioned times, this time global payment for trade, just as I told you was coming and had to come. Am I a mind reader or what? Lo..lo..lol..lol.. 
But this is not he end yet and there is still much work to be done. Yes, Iraq must get out of this 1991 and 2003 UN sanction-mode mindset and get back to regular international trade processes. We are now witnessing yet another step forward and this is a good one.
Remember what we witnessed last year at about this time with the correspondent banks and the ending of those nasty corrupt currency auctions. Now to be fair about this announcement Iraq has been allowed to trade in any currency since January 2023 just so you know. But how could it since nobody wants the dinar at 1/6 of a penny. What the hell are they going to do with the dinar it if they take on payment? It’s still not yet traded openly through the international markets and it’s stigma still exists as long as Iran is still involved in Iraqi affairs. We can see the next step for the dinar and this article really hits it home…..
I will quote from the article “An economic observatory announced the new conditions set by the Central Bank of Iraq for banks wishing to trade foreign currencies other than the dollar, such as the European “Euro” and the Chinese “Yuan,” noting that among these conditions is that “the bank’s capital must be 300 billion Iraqi dinars.”
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What else in in the news?
Before addressing the topic of the price of oil and its future impact on Iraq, I strongly encourage everyone to go listen to one of today’s prophecies by Julie Green titled “TIME TO BRING ALL FAKE GOVERNMENTS TO THEIR KNEES” in the prophecy section of today’s Newsletter. The timing of the prophecy could not be any better. Yes, God is amazing!
I want everyone to know that when they talk about a “deficit” for Iraq I want to clarify what this actually means:
First, if means that there is probably a drop in oil prices since most of their revenues now come from oil thus the CBI will have to use the monetary reserves to pay the bills, thus a drop in the reserves. This a bad thing for the RV is it last long enough. We all know how important these reserves are to back up the economy and the rate of the dinar. Since the dinar is now being “artificially suppressed”, I am of course talking about getting the true nominal value of the dinar out to public trading. This is the dinar rate I am talking about not the current ‘offical’ rate.
Second, if Iraq has a constant drop in the reserves over a long period, it could lead to a situation like during Covid, but this probably will not happen as they are adjusting the 2026 budget to the lower projected price of oil. This may mean holding off on many infrastructure projects unless investment money trickles in. Of course, a reinstatement of the dinar might help…. See article titled “GOVERNMENT ADVISOR: THE PRICE OF A BARREL OF OIL IN THE 2026 BUDGET IS BETWEEN $55 AND $62.”
The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, predicted on Monday that the average price of a barrel of oil in the 2026 budget would range between $55 and $62, noting that these estimates are subject to change due to several factors.
He pointed out that “these estimates remain subject to change depending on a number of influencing factors, most notably developments in geopolitical conflicts, changes in the pace of global energy demand growth, production policy decisions within the framework of ‘OPEC+’, as well as the accelerating shift towards renewable energy and climate policies.”
Let me tell you another influencing factor in the price of oil hardly anyone is talking about. How will the most recent prophecy by Julie Green stating that Saudi Arabia’s oil in the middle east will “run dry”. This will certainly drive the price of oil sky high! This may be the driving force to bring the price of oil up again. Is this in part why God is doing this to Saudi oil? Will this happen in 2026?
Then in the article titled “AN AMERICAN COMPANY RAISES THE ALARM ABOUT THE ACCOUNT DEFICIT AND HARD CURRENCY SHORTAGE IN IRAQ.”
Standard & Poor’s Global Energy reported on Saturday that the decline in oil prices will affect Iraq’s hard currency reserves, indicating the possibility of a large current account deficit. The company predicted in a report seen by Shafaq News Agency that the average price of a barrel of oil (Brent crude) will reach $58 in 2026, a decrease of 16% from the expected averages for 2025.
I talked about this drop in oil prices as it was coming. Iraq had plenty of chances to get it right can they get it right now. With the news from this article above you can see why Iraq has decided to budget at a range between $55 and $62. But remember that their budget is flexible and this can change either way. Politics and corruption got in the way of common sense for Iraq too and now they are paying the price. They should have followed through with the RV more than a decade ago. Governments need to go back to good-ole common sense and stop all the racism, sexism and phobias that hinder common sense approaches. Yes, it is all a game to bring our nations down. They using these narratives and its getting us nowhere fast.
So, I consider this range between $55 and $62 good news for Iraq and shows the ability to conduct responsible budget planning. But I don’t believe oil will remain that low as I see many other factors on the horizon affecting it upwards.
Please see article titled “SALEH’S APPEARANCE: HIGH OIL PRICES MAY PROTECT THE CURRENCY DESPITE GEOPOLITICAL TENSIONS”. The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, said on Monday that the impact of geopolitical tensions on the exchange rate depends on several factors, and is not related to price increases alone.
What is always a good environment for the RV to happen?
- A stable economy, low inflation
- A secure Iraq (not with Iranian militia present)
- High price of oil (more like a stable price of oil around $70)
- High monetary reserves and ability to maintain them (very important)
- No sanctions
- Political stability (a government in place that works together to meet national goals) Iraq must finish the election cycle and so who is going to lead Iraq? Getting the Oil and Gas Law passed.
- No corruption
I will let you decide how Iraq fairs in these criteria. Is Iraq now ready for an RV? What do we see that must change?