🌙 “Nothing Important Happens During Ramadan” – Is That True?
A recent community comment suggested:
“They’re not going to do anything important during Ramadan.”
Jeff directly addressed this claim — and pushed back firmly.
His argument?
History already disproves that theory.
Let’s break it down.
📜 Historical Proof: Kuwait Revalued During Ramadan (1991)
Jeff points to a documented example:
In 1991, the country of Kuwait reinstated its currency during the holy month of Ramadan.
Ramadan in 1991 began on March 17
Kuwait reinstated its currency on March 24
The action occurred during Ramadan
Following the Gulf War, Kuwait restored the value of the Kuwaiti dinar as part of economic stabilization efforts.
Jeff’s conclusion:
Religious observances do not prevent sovereign monetary action.
🏦 Iraq’s Budget Review: Why Is the Central Bank Governor Involved?
Jeff highlights something he calls unprecedented:
Iraq’s federal budget being analyzed at a deeper level than prior years
Direct involvement of the Central Bank Governor
Detailed monetary discussions surrounding fiscal projections
The institution in focus is the Central Bank of Iraq.
According to Jeff:
“They’ve never analyzed it at this level.”
His interpretation is that this level of scrutiny signals preparation for:
International market exposure
Currency adjustment
Potential revaluation
🌍 “Going International” – What Does That Mean?
In dinar discussions, “going international” typically refers to:
Full currency convertibility
Broader Forex market participation
Removal of currency restrictions
Adjusted exchange rate structure
The currency in question is the Iraqi dinar.
Jeff argues that bringing in “the money man” — the central bank governor — signals serious monetary restructuring behind the scenes.
📊 Why Ramadan Does NOT Block Financial Moves
It’s important to understand:
Governments continue operating during Ramadan
Banks remain open
Fiscal and monetary policy decisions continue
International financial obligations do not pause
Many Muslim-majority nations conduct economic activity during Ramadan, including bond issuances, banking reforms, and fiscal legislation.
The idea that “nothing major happens” during Ramadan is not historically supported.
🔥 Featured Snippet Highlights
Kuwait reinstated its currency during Ramadan in 1991
Iraq’s Central Bank Governor directly involved in deep budget analysis
Budget review more detailed than previous years
Claims that RV cannot happen during Ramadan historically incorrect
Increased scrutiny may signal international monetary transition
❓ Q&A Section
Did Kuwait really revalue during Ramadan?
Yes. Kuwait reinstated its currency in March 1991 during Ramadan after the Gulf War.
Does Ramadan stop financial policy decisions?
No. Governments and central banks continue operations during Ramadan.
Why is the Central Bank Governor’s involvement significant?
Because currency valuation and international monetary policy fall under central bank authority.
Does deeper budget analysis guarantee a revaluation?
No. It suggests preparation and financial review, but not confirmed timing.
Is Iraq about to go international?
There is no official announcement confirming a currency revaluation at this time.
🧠 What This Means for Dinar Holders
Jeff’s main point is about correcting misinformation:
Historical precedent exists for monetary moves during Ramadan
Iraq’s budget analysis appears unusually detailed
Central Bank involvement is noteworthy
However, until official confirmation occurs, these remain interpretations of observable events.
⚠️ Important Disclaimer
This article summarizes commentary and analysis shared within the dinar community. It does not constitute financial advice. Currency markets carry risk, and official confirmations should always be verified through credible sources.
📢 Stay Connected for Real-Time Updates
🌍 BLOG: https://dinarevaluation.blogspot.com/
📲 TELEGRAM: https://t.me/DINAREVALUATION
📘 FACEBOOK: https://www.facebook.com/profile.php?id=100064023274131
🐦 TWITTER/X: https://x.com/DinaresGurus
🎥 YOUTUBE: https://www.youtube.com/@DINARREVALUATION
Join our growing global community for breaking intel and structured analysis.
🔥 Hashtags
#IraqiDinar #DinarRV #RamadanRV #Kuwait1991 #CurrencyRevaluation #CentralBank #ForexNews #IraqBudget #RVUpdate #EconomicShift #DinarCommunity #FinancialNews #MiddleEastEconomy #BreakingNews
Jeff
Community Comment: "They're not going to do anything important during Ramadan."
The country of Kuwait did perform their currency reinstatement during the religious celebratory period of Ramadan in 1991. Kuwait did their currency revaluation on March 24th during their Ramadan period which started on March 17, 1991...So your statement is completely incorrect...When people are incorrect, we will take the time to help you get correct. That's what this is about.
They're preparing to revalue. When we've looked at previous years budgets, they've never analyzed it at this level. They've never seen them bring the central bank governor in doing this type of analysis for a budget. They're about to go international, revalue the currency. That's why things are being studied carefully reviewed at this level, all the way to the level of having the central bank governor in there, the money man.
