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Wednesday, January 14, 2026

MNT GOAT: CBI Multi-Currency Trading & Oil Price Forecast 2026

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

  1. Stable Economy & Low Inflation – Essential for confidence in the IQD.

  2. Political Stability – Completion of elections and government cooperation.

  3. High Monetary Reserves – Supports currency value and budget planning.

  4. Sanctions-Free Trade – Reduces artificial restrictions and enhances liquidity.

  5. Oil Price Stability – $55–$62 range helps maintain fiscal health.

  6. Security & Reduced Militia Influence – Critical for investor confidence.

  7. 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

🌐 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

🔥 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.”

________________________________

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?

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

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"Nader from Mid East: ⚡ Iraq Supercharges the Dinar – Big Market Moves Ahead! 🚀💥 #IQD"

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Warnings of escalating public anger following tax and customs duty hikes

  Warnings of escalating public anger following tax and customs duty hikes

 Economic expert Ahmed Al-Tamimi warned on Monday (January 12, 2026) of the possibility of escalating public anger in Iraq due to the government's decisions to raise taxes and customs duties, coinciding with rising prices of basic commodities in the markets, which increases the pressure on the living standards of citizens, especially those with limited income.

Al-Tamimi told Baghdad Today: “Any increase in taxes or customs duties, if not accompanied by clear social protection measures, will directly affect the prices of goods and services, because the merchant and the importer will pass on the cost of the increase to the end consumer, while the Iraqi citizen is already suffering from the erosion of income as a result of inflation and the high cost of living.”

He added that “the Iraqi public is sensitive to economic decisions that affect livelihoods, and such measures could turn from an economic issue into a social and perhaps political crisis if they are not managed wisely and transparently.”

He pointed out that “raising customs duties may be financially justified to support non-oil revenues, but the current timing is not appropriate due to weak market control and the absence of local alternatives capable of meeting market needs, which leads to higher prices without a tangible improvement in services or income levels.”

Al-Tamimi stressed that “continuing this approach without societal dialogue or governmental clarification will increase public discontent, especially with citizens feeling that the economic burdens fall on them alone, in light of the absence of real reforms to combat waste and corruption and improve financial management.”

For his part, economist Ziad Al-Hashemi believes that implementing the new customs system and imposing customs duties, along with regulating remittances through a unified governance system, represents a correct and initial step in the right direction, but he stressed that the problem lies in the implementation mechanism and the state’s management of the transition process from the previous situation to the new system.

Al-Hashemi explained in a statement to “Baghdad Today” on Sunday (January 11, 2026) that “the rapid and comprehensive application of the system has led to confusion in Iraqi markets and has directly affected citizens,” noting the need for “the government to reassess the implementation mechanism, and perhaps introduce amendments to mitigate the damage caused by the speed of implementation.”

He added that "the solution lies in adopting a phased implementation mechanism, starting with focusing on specific priority goods, reviewing the customs duties imposed on them, and monitoring the repercussions of this phase before moving on to other goods, so that the process is carried out in several stages that allow for absorbing the change and reducing the damage to society, markets and traders, in addition to its impact on supply and demand."

Al-Hashemi stressed that “the gradual approach helps the government achieve its goals in controlling remittances and commercial operations and achieving non-oil revenues that support public finances, while at the same time giving traders an opportunity to rearrange their situations and the volume of goods, and sparing the consumer the shock of a sudden rise in prices in the markets.”

He concluded by saying that "this well-thought-out approach will ensure a smooth transition to the new system," expressing his hope that the government will adopt this path during the next phase to ensure market stability and protect the citizen.  link


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MNT GOAT: " It’s going to happen and has to happen"

Iraq Dinar 1300 Rate & ASYCUDA System: Stabilization, Customs Reforms, and Economic Outlook

The Iraqi Dinar (IQD) and its official exchange rate have been a frequent topic in the financial news community. Recent analysis highlights the 1300 dinar rate, how it functions, and the role of Iraq’s ASYCUDA customs system in stabilizing the economy.

It’s important to understand this framework to avoid confusion and misinformation about revaluation rumors.

🏦 The 1300 Dinar Rate Explained

The Central Bank of Iraq (CBI) has set the official exchange rate for 2026 at 1300 dinars per USD, a level used consistently since February 2023.

Key Points:

  • This is not the “investor rate” or market rate, but a policy tool for stability.

  • The CBI manages internal and external flows by:

The goal is economic stability, not speculation about immediate revaluation.

📈 Role of ASYCUDA in Economic Stabilization

What is ASYCUDA?

ASYCUDA is an advanced customs management system designed to:

  • Streamline customs processing

  • Protect the national economy

  • Regulate international trade

Connection to the 1300 Dinar Rate:

  • Implementation of ASYCUDA has temporary effects on currency markets.

  • The CBI uses the 1300 rate to absorb shocks from new customs duties.

  • It’s a phased approach, gradually rolling out to minimize disruption.

By controlling the exchange rate during this transition, Iraq avoids destabilization from sudden currency fluctuations.

🛃 ASYCUDA Implementation Timeline

  • Federal border crossings are being updated phase by phase.

  • Completion expected by the end of 2026 in most areas, except for the Kurdistan Region.

  • Supported by IMF and WTO, ensuring compliance with global trade and financial standards.

This indicates long-term planning, not sudden market interventions.

🔹 Economic Context

  • Customs revenues alone will not match oil revenues immediately. Even at peak efficiency, they may cover 1 month of general budget expenses.

  • However, once combined with other non-oil revenues, including potential growth from ports like Faw and the Development Road project, Iraq could see significant fiscal expansion.

  • The phased approach avoids overloading systems and markets with sudden changes.

The parallel market’s dollar spikes are temporary and expected as part of this phased rollout.

🧩 Featured Snippet 

The Central Bank of Iraq uses the 1300 dinar rate as a stabilizing tool while implementing the ASYCUDA customs system, phased through 2026. This approach mitigates market shocks, regulates international trade, and strengthens Iraq’s economic framework.

❓ Q&A: Understanding Iraq’s Current Monetary Policy

Q: Is the 1300 rate a revaluation?

No. It is a policy tool for stability, not the investor or public exchange rate.

Q: How does ASYCUDA affect the dinar?

By managing customs and trade, it temporarily influences demand for dollars, which the CBI offsets with the 1300 dinar rate.

Q: When will ASYCUDA be fully implemented?

Expected by end of 2026 at most federal ports, excluding the Kurdistan Region.

Q: Will customs revenues replace oil revenue?

Not immediately. Current projections indicate 8–10 trillion dinars annually, sufficient for short-term expenses but not yet a replacement for oil income.

🔹 Conclusion

The 1300 dinar rate is a strategic tool used by the CBI to stabilize Iraq’s economy during major reforms.

  • The ASYCUDA system rollout is a phased process, not an emergency measure.

  • Rumors and speculation about immediate revaluation do not reflect official policy.

  • Connecting the dots between customs reform, currency management, and trade infrastructure provides a clear picture of Iraq’s fiscal planning through 2026.

Patience and understanding the system are key. Economic stability comes first; revaluation comes after.

🔗 Stay Connected – Official Platforms

🌐 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

🔥 Hashtags

#IQDRevaluation #CentralBankIraq #ASYCUDA #DinarStability
#IraqEconomy #CustomsReforms #MonetaryPolicy #TradeRegulation
#NonOilRevenue #DinarUpdate #IraqFinancialNews

 Mnt Goat  

 I want to emphasize once again not to get negative on the RV.   It’s going to happen and has to happen. The current stalling of the event is almost solely due to what is happening in Iran. Iran will soon fall.  It is coming and the writing is on the wall...We are NOT going to see the RV until this happens, says my contact in the CBI.

😊 So, here is an interesting point of view in article titled “RECONSTRUCTION AND DEVELOPMENT: IT IS LIKELY THAT MALIKI WILL ENDORSE SUDANI’S NOMINATION FOR PRIME MINISTER IN THE COMING HOURS.” Abdul Hadi Al-Saadawi, a member of the Reconstruction and Development Coalition, confirmed that the competition within the framework has become limited to Maliki and Al-Sudani, and that one of the two parties must concede to the other, suggesting that Maliki will, in the last hours, endorse Al-Sudani’s nomination for the premiership.

I can see that by the blog comments on the CBI latest announcement about the 1300 dinar that many still don’t know the truth or refuse to believe it. Folks, I know you want the RV real bad but making up stories will certainly not get it for you. It will only prolong the confusion and pain already in this dinar intel community on the web. So, let’s get real and listen to what the CBI tells us about this 1300 rate.

If I were you, I would read the latest article on this 1300 rate subject matter to help clarify it for you. The article is titled “WHAT DOES FIXING THE DOLLAR EXCHANGE RATE AT 1300 IN THE 2026 BUDGET MEAN? AND DOES THE CENTRAL BANK HAVE A PLAN TO CONTROL EXCHANGE RATE FLUCTUATIONS? A SUDANESE ADVISOR EXPLAINS.” Folks Iraq is telling us what it means are you going to listen?

So, here it is in a short summary. This is not the “official” rate for investors, the public to buy and sell dinar. Get it? It is just an “official exchange rate policy used” to control stability in the dinar and not the “official” rate going forward for 2026 down from 1320. I know something was lost in the wording from Arabic to English. But it describes below how the 1300 rate will be continued to be used in 2026 budgeting and how it was used since 2023.

“The Central Bank stated that “the official exchange rate that will be adopted in 2026 is (1300) dinars per dollar, which has been in effect since February 2023.”

Sources revealed that “the Central Bank will buy dollars at a price of 1300 dinars from the Ministry of Finance and sell them at a price of 1310 dinars to banks, which will sell them at 1320 dinars to traders and foreign transfers.”

Can it get any clearer now? Please stop listening to these other intel guru idiots and their hyped up RV versions of what it means.

______________________________

Another topic that needs some clarification is the recent impact of implementation of the ASYCUDA system and how it is the culprit that ties directly into the 1300 rate the CBI is using to stabilize the economy from the shock of the new customs duties. The CBI also told us in the previous article that they will continue this stabilization process in 2026 since they feel the impact of the ASYCUSDA will continue during this timeframe. Take a look at the recent article titled  “LEARN ABOUT THE IRAQI GOVERNMENT’S OBJECTIVES IN IMPLEMENTING THE ASYCUDA CUSTOMS SYSTEM.”  We must connect the dots and see how the pieces in these articles fit together to get the entire picture and not go off half-cocked.

I quote from the article – “The Center for Strategic Research and Studies affirmed on Saturday that the implementation of the ASYCUDA system and the recent package of customs procedures is not primarily aimed at compensating for the decline in oil revenues, but rather falls within the framework of regulating international trade and protecting the national economy”. Yes, this is it’s primary objectives. But we also learned years ago the massive future potential for revenues to rival that of the oil revenue.

“The center stated in an analytical study followed by Al-Sa’a Network that “the simultaneous launch of the ASYCUDA system, the pre-calculation of customs tariffs, the collection of tax deposits, and the activation of quality control, with the decline in public revenues, led to a mistaken belief that the main objective of these measures is to increase non-oil revenues,” indicating that “this perception does not reflect the essence of customs policies.”

He pointed out that “customs tariff revenues, even in the best of circumstances, will not exceed 8 to 10 trillion dinars annually, (about 8-10 billion) an amount that only covers one month’s expenses of the general budget,” noting that “a decrease in the price of a barrel of oil by $5 is enough to completely eliminate these revenues.”

I was amazed at this past statement as we have been told many times through other articles the funds collected could rival the oil revenues if they were collected and managed correctly. What the hell is wrong with 8-10 billion dollars anyway? Is this article talking about just the funds from current imports as of today or from a standpoint of Iraq being a clearing house for the middle east and parts of Europe with massive imports and exports through the port of Faw and the Development Road project? We must also remember that if these revenues along with other non-oil sources of revenues can be accounted for and sent to the national treasury, we can see some significant changes in Iraq. But they must start somewhere and these negative comments in these articles don’t help Iraq move forward. Is the glass half empty or half full? 

So, this next paragraph explains why the dollar spiked again in the parallel market. One must keep in mind that the parallel market is an illegal black market. Remember they have been rolling out this new customs system since 2023, so no one is going to tell me this isn’t a “phased approach”. The dollar rise is temporary while they implement the next phase of ASYCUDA system. In the end of the last phase of implementation, if you recall, the dinar went as low as 1305 afterwords, so it was reported. So, they have a plan, and it does include a phased approach. Could they have done a better job maybe and included more phases thus roll out certain products more slowly? Probably, maybe but I am not the expert nor are the authors of this article. So, suggestions may be a good idea but is not today’s reality. By the way where were they when they were planning this event of rollouts…

So, here is more from the article and I quote – “The study criticized “implementing all the measures at once,” arguing that “a gradual approach would have mitigated the shock by starting with the most valuable and impactful goods, and postponing some systems such as tax trusts and quality control to later stages.”

Yet more proof that the CBI is just using the 1300 rate as a stabilizing factor for the economy while the phase in the ASYCUDA system in article titled “NO FEAR FOR THE DINAR… THE “MONETARY AUTHORITY’S” MEASURES ABSORB THE DOLLAR SHOCK AND PREVENT INFLATION.” Their words not mine. I don’t make up RV stories. Remember no Hype or Rumors! Again, in this article we get the connection between the 1300 CBI actions and the ASYCUDA system implementation. Folks, this is not rocket science to understand but you have to read the articles and tie it all together and stop knee-jerk reactions/thinking. Let it play out and the truth always surfaces.  Events don’t happen in a vacuum. The news from Iraq responds to events. Relax and take the RV hat off and learn! Everything is not about the immediate RV.

😊We can see in yet another article more info about the phased approach and where they now stand in it. It is titled “CUSTOMS DIRECTOR: THE ASYCUDA SYSTEM WILL BE COMPLETED IN MOST PORTS BY THE END OF 2026, EXCEPT FOR KURDISTAN.” The Director General of the Customs Authority, Thamer Qasim Dawood, confirmed that work is underway to implement the ASYCUDA system at federal border crossings, expecting its completion at most crossings by the end of 2026, with the exception of the Kurdistan Region.

We have been told the IMF and the WTO are on top of this effort with ASYCUDA and are helping Iraq in its implementation. A word for thought- Is the Iraqi WTO full accession announcement waiting for the full ASYCUDA implementation? And/or maybe at some point during the reset?

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

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"Iraqi Dinar Update: Could It Hit $1.36 or $4.08? Latest Forecasts Explained #IQD"

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An economist explains the budget and spending mechanism (1/12) under the caretaker government

  An economist explains the budget and spending mechanism (1/12) under the caretaker government.

Economic expert Salah Nouri explained on Tuesday the legal foundations for submitting and approving the federal general budget, and the financial disbursement mechanisms adopted in the event of its non-approval, especially in light of the caretaker government situation.

Nouri pointed out in his statement to Al-Furat News Agency that “Article (11) of the Federal Financial Management Law No. (6) of 2019 stipulated that the draft federal general budget law be submitted by the Council of Ministers to the House of Representatives before the middle of October of each year.” 

He explained that “Article (13), Paragraph Three, dealt with the situation of the House of Representatives not approving the draft budget law until 12/31 of the fiscal year, as the final financial statements for the previous year are considered the basis for the financial statements for the current year, and are submitted to the House of Representatives for the purpose of approving them.” 

He added that "the current situation is that the government is a caretaker government, and therefore paragraph one of Article (13) is applied, which allows spending at a rate of 1/12 of the total actual expenditures of the previous year, after excluding non-recurring expenditures for the current and investment budgets."  link

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COFFEE WITH MARKZ: IQD Revaluation Discussion

IQD Revaluation Discussion: Central Bank Autonomy, Global News & Market Rumors

Disclaimer: This article summarizes commentary and opinions shared in discussions about the Iraqi Dinar (IQD) revaluation. The views expressed are personal opinions, not financial advice. Always verify information against official sources and consult licensed professionals for financial decisions.

🏦 Central Bank of Iraq: Autonomous Monetary Authority

One of the most important points raised in recent discussions is the autonomy of the Central Bank of Iraq (CBI).

Unlike legislative bodies, the CBI operates independently on monetary policy — including exchange‑rate decisions — without needing full government formation to act. This means the bank could theoretically adjust exchange rates even if the political process is not complete.

However, there is no public confirmation that the CBI uses government formation as an internal “stability benchmark” before changing the official rate. This is a matter of speculation and not verified by official policy statements.

Reuters and Iraq’s official statements show the CBI selects exchange‑rate policy independently, focusing on economic fundamentals, not political timelines. 

📰 Official Exchange Rate Remains Stable

Recent official reporting confirms that for the 

2026 federal budget, the Central Bank has kept the official exchange rate at 1,300 Iraqi dinars per US dollar — the same level used in previous years.

This does not indicate a sudden revaluation. Instead, it reflects a decision to maintain exchange‑rate stability for budgeting and fiscal planning. 

This stability offers clarity for economic accounts but does not confirm a rate change or “RV”.

📈 Credit Rating & Banking Reform Efforts

Several developments show Iraq’s ongoing financial reforms:

🔹 Improving Credit Rating Initiatives

Iraq is actively working to boost its sovereign credit rating by coordinating multi‑agency policy teams — including the CBI, Ministry of Finance, and international advisers — to improve governance, risk control, and international confidence. 

🔹 Working With Oliver Wyman

The Central Bank and government advisors are reviewing public debt and banking reforms with Oliver Wyman, a global advisory firm, to modernize financial systems and enhance stability. 

Reforms like these are infrastructure progress, but they are  not confirmations of a revaluation date.

🌍 Global Economic Rumors vs. Verified Information

In community discussions, various rumors circulate, such as:

  • Speculation about global leaders or events triggering an “RV switch”

  • Claims of IRS or U.S. Supreme Court actions directly influencing currency revaluation

  • Linking foreign events (e.g., Iranian currency fluctuation, or Davos/WEF meetings) to imminent IQD movement

These are rumors without credible evidence. No authoritative economic source has connected U.S. judicial actions or world forums to Iraq’s monetary policy.

While global markets do influence economic confidence, official policy changes come from measurable economic factors, not rumors.

📊 Iraq’s Real Economic Context

Here’s what verified news tells us:

🔹 Government Reform Path Completed?

Iraq’s Prime Minister recently stated that the government has completed its financial and economic reform path, a statement tied to broader institutional changes. 

🔹 Currency Market Conditions

Independent reports show that the Iraqi dinar continues to trade differently across official and market channels, reflecting real supply‑and‑demand pressures rather than sudden “revaluation.” Market commentators have noted that unofficial rates frequently trade weaker than the official rate — a sign of market dynamics. 

🧠 Featured Snippet 

The Central Bank of Iraq is autonomous and has maintained the official IQD rate at 1,300 per U.S. dollar for the 2026 budget. Iraq continues financial reforms and credit rating improvement efforts, but no official rate change or revaluation has been publicly confirmed.

❓ Q&A: Key Questions on IQD Revaluation

Q: Can the CBI change the IQD rate without a government?

Yes. The Central Bank is independent, but it typically bases decisions on economic data and stability, not political events.

Q: Does Iran’s currency movement affect the IQD?

Not directly — currency conditions in other nations do not automatically trigger policy changes in Iraq.

Q: Is there a confirmed “RV date”?

No — official institutions have not announced a revaluation date.

Q: What is the official exchange rate for 2026?

The CBI selected 1,300 IQD per USD for budgeting purposes. 

Q: Are banking reforms underway?

Yes. Iraq is coordinating reform efforts with international advisers to boost credibility and financial infrastructure. 

🧱 Final Analysis

Discussions about speculative timing, global events, or ethnopolitical narratives are not evidence of policy action.

What is factual:

  • Iraq continues economic reforms

  • The CBI maintains exchange‑rate policy based on economic considerations

  • Official rates are set for fiscal planning, not speculation

  • No authoritative source confirms a sudden revaluation

Understanding the difference between official signals and rumors is essential for informed analysis.

🔗 Stay Connected – Official Platforms

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▶️ YouTube:
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🔥  Hashtags

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#BankingReform #ExchangeRate #FinancialStability

#RumorVsReality #MonetaryPolicy #IQDUpdate 

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Morning….Great to see you all today. 

Member: We have a 3-day federal holiday weekend this weekend with Martin Luther King, Jr Day. With all the other news. I wonder what are the chances of things happening this weekend??

Member: Any bond updates?

MZ: My bond update is there will be a meeting occurring in about 2 hours for a contact. This one is in Europe…in Zurich. Very quiet in Asia right now….but hope to get a update soon.

 MZ: In Iraq: “ A new rise on the exchange rate on the dollar in Iraq” The dinar rate is sliding as people are using the dollar. 

MZ: “The governor of the Central Bank of Iraq meets discusses with Oliver Wyman Company and ways to improve Iraq’s sovereignty and credit rating” They want to lift the value of their currency and get a better credit rating. This article is telling us they are getting ready for that change. 

Member:  Does anybody else think this Maliki, Sudani election is a smoke screen?

Member: I think a lot of things they are doing is a smoke screen!!

Member: Some days it seems like Iraq doesn’t want to RV

Member: Mnt. Goat still thinks they will delete the 3 zeros this month 

MZ: The Iranian currency crashed this week……yesterday in the wee hours. I am a bit concerned and think Iraq may have already gone if not for what is happening right now in Iran. 

MZ: Everything happening in Venezuela and Iran look good for the global reset …but may have slowed things down a bit. 

MZ: But I am still hearing things are well underway and we are on the precipice for our blessing.

Member: Have you heard that Trump is pausing all IRS transactions for 90 days while they look for fraud?

MZ: Yes. A number of people who work for the IRS told me and they are looking forward to changes. There are rumors that in 6 days or so they will announce the end of the IRS or a change to the “External Revenue Service” . Lots of rumors and very difficult to know what is reality and what is not. 

MZ: Our best move may be to sit back and watch it. 

Member: Any dong news?

MZ: I did reach out to a banker and they are very much organizing and training on the Vietnamese dong and expect the dong the Iraqi dinar to go at the same time.  

Member: Silver is at $88 but the asking price is $91

Member: They are saying possible $300 dollar silver soon. 

Member: I'm hearing HSBC must exit all silver positions by jan 31st which should push silver to $347

Member: Ariel believes scotus may go against Trump on tariffs and Trump will start throwing RV switches we r looking for….good rumor to watch. 

Member: If they vote against tariffs….possible it forces the RV?

Member: Supreme Court Tariff ruling today- supposedly

Member: Just saw that Supreme Court won't rule on tariffs today

Member: Why am I not surprised. 

Member: Skye thinks we are in a 72 hour window. 

Member: President Trump will be heading to DAVOS soon. Big world economic meetings this weekend…may be important for us. 

MZ: I believe he addresses the forum on the 19th which is in 5 days. “Trump to speak at globalist WEF forum “ What’s it going to look like?  Can’t wait to see it. 

Member: Hi Mark- have any of your redemption contacts given you any RV exchange protocols? If not, do you know if they will?

Member: Just take all your currency, and receipts…..and everything you would take to the bank to open new accounts with…..but hopefully we get a detailed list before then. 

Member: Have a great day to all……the best is yet to come.

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