Tuesday, March 10, 2026
Fearing they will be targeted by bombing, Kuwaiti banks are closing their branches in high-rise towers
Fearing they will be targeted by bombing, Kuwaiti banks are closing their branches in high-rise towers.
Several Kuwaiti banks and companies announced on Sunday the temporary closure of their headquarters located in high-rise towers, following a fire that broke out on the upper floors of the Public Institution for Social Security tower as a result of it being targeted by an Iranian drone, according to what was reported by media outlets and official platforms.
The National Bank of Kuwait said in a statement published on its X platform page that it has decided to close its headquarters starting from Sunday, March 8, until further notice, in light of current developments and in order to ensure the safety of employees and the continuity of business.
For its part, Kuwait Finance House announced the suspension of work on Sunday in the two main buildings (1 and 2) and their affiliated departments in the “KFH” tower, as a precautionary measure related to the current developments.
Boubyan Bank also announced, in a post on the “X” platform, the temporary suspension of work at its headquarters and branches for Sunday, March 8, in light of the security developments.
For its part, the telecommunications company “Ooredoo Kuwait” announced the closure of its main building branch starting today until further notice, as a precautionary measure.
These measures come at a time of escalating tension in the region, amid fears of attacks targeting high-rise or vital facilities in several Gulf states. link
JEFF & MARKZ; Government Formation and Timing Signals
Iraqi Dinar RV Update: Government Formation and Timing Signals
For investors closely watching the Iraqi dinar (Iraqi dinar), recent insights suggest that the long-awaited currency revaluation may be closer than many expect. Analysts emphasize that the progress of government formation is a key indicator for timing the potential rate change.
Here’s what insiders and experts are discussing regarding the steps remaining before a possible Iraqi dinar RV.
Government Formation: The Last Steps
According to on-the-ground updates:
Announcement of the Prime Minister – The next prime minister will need to be officially named.
Completion of the Cabinet – The new prime minister finalizes appointments for key ministerial roles.
Parliamentary Approval – The full cabinet receives a parliamentary vote and is officially approved.
If Prime Minister Mohammed Shia al‑Sudani’s term is extended, these steps could be completed quickly. Observers suggest that all three steps may be finished by the end of March, which would clear the path for the Iraqi dinar RV.
Timing Signals from Analysts
Financial commentators, including Jeff and MarkZ, emphasize watching actions versus statements. What the government is actively doing on the ground often signals the real timeline better than public announcements.
Key points to consider:
War and conflict resolution enable a faster government transition.
The president’s role in finalizing appointments is critical.
Completing cabinet and parliamentary approval sets the stage for a potential rate change.
Investors are encouraged to monitor Iraqi government news closely, as any official movement may indicate a pending RV.
Vietnamese Dong (VND) Market Insight
In parallel, discussions have highlighted the VND exchange rate, with platforms like WISE reporting $1 USD = 2.80 VND.
Analysts note that this rate aligns with recent market chatter.
Some financial watchers expect the Vietnamese dong could be officially revalued near this rate.
While not confirmed, trends in VND markets provide a reference point for emerging market currency behavior, including Iraq.
How This Connects to the Iraqi Dinar RV
The Iraqi dinar RV is influenced not only by Iraq’s domestic reforms but also by regional and global currency movements. Understanding other emerging market currencies like the VND helps investors contextualize potential valuation levels.
Key takeaways:
Currency revaluation timing often follows government stability.
Monitoring cabinet formation and parliamentary approvals is essential.
Observing other regional currencies like the VND may give clues about investor sentiment.
Q&A: Common Investor Questions
Q: How close is Iraq to a potential dinar RV?
Recent commentary suggests that if the government completes the remaining three steps—PM announcement, cabinet completion, and parliamentary approval—the RV could occur soon, potentially by the end of March.
Q: What should I watch for in Iraqi news?
Focus on announcements regarding the prime minister, cabinet appointments, and parliamentary votes. These steps indicate readiness for economic adjustments.
Q: How does the Vietnamese dong relate to Iraq?
The VND rate is being watched as a benchmark for emerging market currency adjustments. Trends in one currency may reflect broader investor sentiment.
Q: Is this financial advice?
No. This information is for educational purposes and speculation based on publicly shared insights. Consult a financial professional before making decisions.
Featured Snippets (Google Discover Ready)
What are the final steps before the Iraqi dinar RV?
The last three steps are: announcing the prime minister, completing the cabinet, and obtaining parliamentary approval.
Could the dinar revalue in March 2026?
If Iraq completes government formation and cabinet approval, some analysts suggest a potential RV in the remaining month of March.
What is the current VND rate on WISE?
WISE reports a $1 USD = 2.80 VND rate, which some market watchers expect could align with future adjustments.
MarkZ Disclaimer
Please consider everything on this call as my opinion.
People who take notes do not catch everything, and it is best to watch the video so that you get the full context. Be sure to consult a professional for any financial decisions.
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Jeff
I want you to realize how close you are to the rate change. When you look at this more from the angle of what they're doing versus what they tell you, you can see how close you are to the timing of the rate change.
When the war ends, they can quickly form the government...After the president is done and voted in there's only three pieces left. Announcing the prime minister, the prime minister completing his cabinet and then a final parliamentary vote and approval on his cabinet...If they extend Sudani's term you get all three final remaining steps done which would allow them to potentially revalue in the remaining month of March.
MarkZ
[via PDK]
Question: Mark, have you seen the VND rate on WISE? It says $2.80 vnd rate to $1 US dollar. MarkZ: ...I can tell you that this rate is one I have heard a lot lately and some expect the dong to come out at the rate. It is highly possible.
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