Introduction
Jeff provides a detailed breakdown of why the Iraqi dinar could soon regain its historical value. The focus lies on OFAC sanctions, government formation, and economic reform. Historically, the Iraqi dinar has traded higher than the Kuwaiti dinar, and experts like Jeff suggest that removing sanctions could return the dinar to $3+, potentially nearing $4 when factoring inflation over 22 years.
This post examines Jeff’s insights, explains the revaluation phases, and answers critical questions for the Dinar and international investment community.
Jeff February Update Highlights
1. Historical Value of the Iraqi Dinar
Historically, Iraq’s dinar was valued higher than the Kuwaiti dinar.
Today, the Kuwaiti dinar is $3.26 USD, while the Iraqi dinar was historically higher prior to sanctions in 2003.
Jeff emphasizes the importance of retracing the steps that lowered the currency’s value, which were primarily US sanctions.
Featured snippet:
“Historically, the Iraqi dinar traded above the Kuwaiti dinar, and removing sanctions could restore its pre-2003 value.”
2. OFAC Sanctions and Reinstatement
The US Treasury OFAC sanctions remain the primary restriction on Iraq’s currency.
Jeff argues that removing OFAC sanctions would likely restore the dinar to $3.22, with potential adjustments for inflation over 22 years, reaching the high $3 range, just shy of $4.
Sanctions directly impacted the currency’s value, making their removal a critical step for revaluation.
Google Discover snippet:
Removing OFAC sanctions could restore the Iraqi dinar’s value to $3.22 or higher, reflecting historical levels prior to 2003.
3. Phases Toward Revaluation
Jeff outlines three key phases necessary for Iraq’s revaluation and economic reintegration:
Phase 1: Resolve the president and government formation.
Phase 2: Implement the rate change for the dinar.
Phase 3: Accelerate legislative and economic reforms, enabling deeper trade and financial integration globally.
According to Jeff: “The formation of the government is the lynchpin to Iraq revaluing and getting back on the international world stage.”
4. Why the 2003 Sanctions Matter
The value of the Iraqi dinar was artificially lowered in 2003 due to US sanctions.
Currently, the only remaining obstacle is the US Treasury OFAC sanctions.
Jeff’s point: removing sanctions would likely reinstates the dinar, restoring it closer to historical pre-2003 values.
Jeff Member Q&A
Q1: What is the projected value if OFAC sanctions are removed?
A: Likely $3.22, with inflation adjustments potentially pushing it near $4 USD.
Q2: What is the first step toward RV?
A: Government formation and presidential resolution—the lynchpin for revaluation.
Q3: How long would it take after sanctions removal for the rate change?
A: After sanctions are lifted and government formation is confirmed, rate change could happen relatively quickly, followed by legislative and economic reforms.
Key Takeaways
Historical context matters: Iraqi dinar traditionally traded above Kuwaiti dinar.
Sanctions removal is critical: OFAC sanctions are the main factor holding the currency down.
Revaluation phases: Government formation, rate change, then economic reform.
Potential value: $3.22+ USD, possibly high $3 range accounting for inflation.
Conclusion
Jeff’s February update underscores that removing OFAC sanctions and resolving government formation are pivotal for Iraq’s currency reinstatement. Historical trends suggest that once these steps occur, the Iraqi dinar could regain its pre-2003 value, bringing it into the $3+ range and restoring Iraq’s position on the global financial stage.
Investors should remain patient, informed, and attentive to these critical developments.
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Jeff Disclaimer: This update reflects opinion and analysis. Always verify information and consult financial professionals before making investment decisions.
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Jeff
Historically Iraq [dinar] has always been above Kuwait [dinar] value...Today the value of the Kuwaiti dinar against the US dollar is $3.26...Historically Iraq was always a higher currency value than Kuwait...Undo what was done to lower the value of Iraq's currency...
OFAC sanctions, take the sanctions off, the currency value reinstates back to $3.22, put some inflation on that over 22 years, probably somewhere in the the high $3 range, just shy of $4.
The formation of the government is the lynch pin to Iraq revaluing and getting back on the international world stage... Phase 1: Resolve president and government formation. Phase 2: The rate change. Phase 3: Accelerate legislative and economic reform execution, deeper trade and financial integration.
You've got to retrace your steps in this. What brought the value of the dinar down in 2003?
It's called US sanctions. Right now the only remaining sanctions on Iraq are the US Treasury OFAC sanctions. So, if sanctions automatically brought the value of the the dinar down, what happens when you take sanctions off? ...Wouldn't that suggest it maybe reinstates, putting it back in the $3+ range? ...You take the US OFAC sanctions off, it puts it back to $3.22...
