IT BRINGS BENEFITS TO BOTH AMERICANS AND IRAQIS. WASHINGTON IS OPTIMISTIC ABOUT AL-ZAIDI BECOMING PRIME MINISTER: WE WANT A SOVEREIGN IRAQ
The US Embassy in Iraq expressed its support on Tuesday, April 29, 2026, for Prime Minister-designate Ali al-Zubaidi in his efforts to form a new government, stressing its aspiration to enhance security, preserve Iraq’s sovereignty, and achieve a partnership that serves the interests of both countries. US President Donald Trump had previously opposed the nomination of Nouri al-Maliki by the Coordination Framework forces for the premiership, which prompted them to put forward an alternative candidate, Ali al-Zidi.
This was in the context of a broader US trend of not supporting figures or forces accused of undermining the internal balance or of being close to Iran. Washington also focuses its positions on pushing for governments that are described as more
independent and limit the influence of armed factions linked to Tehran. : “The US The US Embassy in Iraq said in a statement received by Mission in Iraq expresses its best wishes to Prime Minister-designate Ali al-Zaidi in his efforts to form a government capable of fulfilling the aspirations of all Iraqis to support a brighter and more peaceful future.” The statement continued, “We declare our solidarity with the Iraqi people as they strive to achieve the common goals of preserving Iraq’s sovereignty, enhancing security to defeat terrorism, and building a prosperous future that delivers tangible benefits to both Americans and Iraqis.”
⚠️ THE PARALLEL MARKET (WHAT MOST PEOPLE DON’T UNDERSTAND)
Here’s where confusion explodes…
Black market traders control illegal dollar flow
They manipulate rates like:
1420
1550
❗ IMPORTANT: 👉 This is NOT the official rate
🏦 Official rate:
~1320 IQD per USD (CBI controlled)
🔍 FEATURED SNIPPET
Why hasn’t the Iraqi dinar revalued yet? The Iraqi dinar has not revalued due to ongoing political, banking, and economic reforms. Stability, regulation, and financial infrastructure must be fully aligned before any major currency change.
🚫 THE END OF THE “DOLLAR AUCTIONS” ERA
Many still talk like it’s 10 years ago…
👉 But reality:
❌ Physical dollar auctions are essentially gone
✅ Transfers now happen electronically
✅ Monitored through correspondent banks
💡 This reduces:
corruption
smuggling
illegal transfers
💣 WHAT’S REALLY HAPPENING WITH ILLEGAL DOLLARS
So where do black market dollars go?
🚫 Smuggling
🚫 Illegal imports
🚫 Funding militias
👉 And yes… Much of this historically linked to external influence networks
🏛️ POLITICS: THE REAL DELAY FACTOR
Let’s be blunt:
👉 The RV is NOT just economic — it’s political
Current situation:
Government formation delays
Power struggles between blocs
External influence still present
💡 Stability = REQUIRED before any monetary reform
👤 NEW PRIME MINISTER SIGNAL
Recent developments show:
New PM candidate gaining support
Backing from international partners
Focus on:
economy
stability
reforms
👉 This is a positive step, not a final trigger
🇺🇸 KEY CONDITION FROM THE U.S.
Clear message:
👉 Reduce militia influence
Why?
Stability
Sovereignty
International trust
💥 Without this → no major financial shift
📈 ECONOMIC PROGRESS (UNDER THE RADAR)
While politics dominate headlines…
Iraq is quietly moving forward:
🚀 Key Developments:
Digital Merchant Platform launched
Trade volume exceeding $65B
Economic diversification improving
🌍 WHY DIVERSIFICATION MATTERS
Years ago:
🛢️ Oil = ~95% of revenue
Now:
📉 Around 85%
👉 That’s HUGE progress
💡 More revenue sources = more stability = stronger currency potential
🔮 REALISTIC RV OUTLOOK
Let’s remove the hype…
❌ Not happening “tomorrow”
✅ Moving step-by-step
🔹 SHORT TERM
Exchange rate stabilization
Reduced black market influence
🔹 MID TERM
Banking + policy alignment
Stronger financial control
🔹 LONG TERM
Structured revaluation
Global market integration
⚠️ WARNING ABOUT “INTEL GURUS”
Many content creators:
Repeat unverified claims
Chase clicks
Create false urgency
👉 Result: Confusion + unrealistic expectations
❓ Q&A SECTION
Q: Is the RV delayed or canceled?
A: Delayed — due to political and economic factors, not canceled.
Q: Are U.S. dollars critical to Iraq’s economy?
A: Not as much as before. Iraq is actively reducing dollar dependency.
Q: What controls the dinar’s value right now?
A: The Central Bank through a managed exchange rate system.