⚠️ IMPORTANT DISCLAIMER
This article reflects opinions and interpretations shared by Omar and Frank26 regarding Iraqi monetary policy and political dynamics.
All content is informational and speculative and not financial advice.
🇮🇶 IRAQI TV REPORTS: ALAQ MEETS WITH PARLIAMENT
According to Omar, Iraqi television recently reported that CBI Governor Ali al-Alaq is meeting with Parliament, drawing attention across the financial reform community.
One of the central topics reportedly discussed was:
REER (Real Effective Exchange Rate) adjustments
How the CBI has been managing the exchange rate mechanism
Whether those adjustments are stabilizing the economy or creating further instability
📺 When Parliament publicly questions exchange-rate strategy, it signals heightened oversight.
📊 WHAT IS REER — AND WHY PARLIAMENT CARES
The Real Effective Exchange Rate (REER) measures:
A currency’s value
Against a basket of trading partners
Adjusted for inflation and trade competitiveness
Parliament’s concern suggests they are evaluating:
If current policies reflect Iraq’s true economic strength
Whether exchange-rate management is lagging behind reforms
If the CBI is moving fast enough on long-promised projects
🏛️ PARLIAMENT SCRUTINY & THE “DELETION OF ZEROS”
Omar believes that bringing the CBI Governor before Parliament may indicate more than a routine briefing.
It could mean:
Lawmakers are tracking how far along the deletion of the zeros project is
Alaq is being held accountable for timelines and results
Parliament wants clarity on future monetary steps
⏳ Increased accountability often appears just before major transitions.
⚠️ POLITICAL PRESSURE & INTERNAL CONFLICT
Omar also offered a critical perspective, suggesting:
Alaq has done just enough to keep Iraq appearing stable
But without delivering a true market rate
Due to political interference tied to Maliki and Iranian-backed influence
While the CBI is legally independent, Omar argues that corruption and political pressure have slowed meaningful reform.
⚖️ This internal tension is seen as a major obstacle to faster progress.
🔄 FRANK26: FLOAT FIRST, THEN REER
Frank26 addressed a key technical question many dinar watchers ask:
❓ Question:
“After the RI, will the new rate float up to the REER?”
✅ Frank26’s Answer:
“Yes. That is the whole purpose.”
❓ Follow-up Question:
“Or will the RI adjust to the REER first and then float?”
❌ Frank26’s Response:
“No. You have to have a float to get to a REER. You can’t have a REER to get to a REER.”
🧠 WHY A FLOAT IS NECESSARY
Frank26 explains that:
REER is not a starting point
It is a destination
A currency must float and interact with markets
Only then can it discover its real effective value
📈 Market movement reveals the REER — it cannot be imposed first.
⭐ FEATURED SNIPPET
Does Iraq need a float to reach the REER?
According to Frank26, Iraq must allow the dinar to float after reinstatement so the market can determine its real effective exchange rate. A REER cannot be set before a float.
🧩 PUTTING IT ALL TOGETHER
Combined, Omar’s and Frank26’s insights suggest:
Parliament is closely watching the CBI
Exchange-rate mechanics are under review
The deletion of zeros project remains central
A float is seen as essential, not optional
Political interference remains a risk factor
🧠 Oversight, pressure, and technical readiness often converge before change.
❓ Q&A: COMMON QUESTIONS
❓ Why is Parliament questioning Alaq now?
Likely to assess progress on exchange-rate reform and deletion of zeros.
❓ What is REER in simple terms?
A measure of a currency’s true value against trading partners, adjusted for inflation.
❓ Can the CBI set the REER directly?
No. The REER emerges after market interaction.
❓ Is political interference slowing progress?
Omar believes it has played a significant role.
❓ Does this suggest something big is coming?
Increased scrutiny often precedes major policy decisions, but timing remains uncertain.
📌 KEY TAKEAWAY
Parliament’s focus on REER adjustments, combined with renewed scrutiny of the CBI and clarification that a float is required to reach real value, suggests Iraq is approaching a critical monetary crossroads.
⚠️ FINAL DISCLAIMER
This content reflects opinions and analysis only and is not financial advice.
Always conduct independent research and consult professionals.
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Omar
On the television today they're talking about Alaq and meeting he is having with parliament...One of the topics was around the "REER adjustment"...how he's been managing the exchange rate mechanism...Parliament is focusing on whether those adjustments are effective or causing more instability...
Brining in the CBI governor now could mean the parliament is keeping a close eye on how far long the deletion of the zeros project is and holding him accountable. It might be a sign of something bigger is on the horizon for the dinar.
Alaq does just enough to keep Iraq looking good without giving us a real rate. It's at the hands of Maliki and his Iranian backed puppets. This is the issue...CBI is totally separate but also totally corrupt by Maliki.
Frank26
Question: "After the RI the new rate will float up to the real effective exchange rate?" Yeah, this is the whole purpose.
Question: "Or will the RI adjust to the REER first and then float?"
No you have to have a float to get to a REER. You can't have a REER to get to a REER..
