Al-Hakim: Iraqi factions are committed and do not want to embarrass the government.
3/29/2025
The leader of the Hikma Movement, Ammar al-Hakim, stated that the Iraqi armed factions are committed to not escalating with the United States and do not wish to embarrass the federal government in this regard. He described the formation of regions in the country at the present time as "inappropriate."
This came during his hosting of a discussion session on Saturday night, Friday, by the "Iraqi House Salon."
Al-Hakim said, "These factions were founded at specific times and played a role in confronting terrorism and liberating the land. We hold the Iraqi actor accountable for prioritizing the national interest in making decisions and taking positions based on the country's sovereignty."
He added, "Iraq, as a state, has its own mechanisms for cooperation and communication with countries in the region and the world, including the United States of America. Communication with countries in the region and the world is a source of strength for Iraq and its interests. The return of major foreign companies to Iraq is evidence of the understanding of countries in the region and the world of Iraq's reality and its promising future."
Regarding the situation in the region, Al-Hakim said, "There is overlap in the arenas between Iraq and the countries of the region, which highlights the region's need for stability in Syria. While we wish Syria stability, we renew our call for the inclusion of the various components of this country, while building good relations with Syria's neighbors and preserving the holy sites of Syria's components."
He pointed out that "the constitutional document raised concerns among countries in the region, including Iraq, and the events in the Sahel reinforced these fears."
Regarding the discussion of forming regions in Iraq, Al-Hakim considered the formation of regions "inappropriate at the present time, despite the constitutional reality of regions, with all due respect to those who make these calls, as they fall within the democratic reality of the country."
I can’t believe there hasn’t been more questions about the exchange rate. I know only a few know the rate, if any at all. I guess I wouldn’t dare ask what your thought are on this.
Hey Mes
I was surprised too! Only the Central Bank of Iraq (CBI) knows the revaluation rate, so we’ll have to wait for their official announcement. If someone claims to know the rate, they’re just guessing. Think about it, how would they actually know?
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"I’m sure most people would turn in their currencies fairly quickly but do you have an idea of the time they give people to turn them in? Thank you!"Mtgeresa (
Great question! If the Iraqi Dinar (IQD) revalues (RV), the timeline for exchanging it would depend on the Iraqi CBI policy. Historically, currency revaluations or redenominations maybe 30 to 90 days to 12-18 months, to ensure smooth transitions an black-market issues. I’d monitor official statements from the Central Bank of Iraq for updates, they will give guidance on this.
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"We've been experiencing a lot of hype surrounding speculation posts of IQD on this platform. What are some credible sources and indicators of the Iraqi government's official actions and statements put out in terms of RV?"DrewWilliams (
I hear you, there’s a lot of noise around the IQD RV, and it’s smart to focus on credible info. I’d recommend sticking to official channels: the Central Bank of Iraq (CBI) website for announcements, Iraq News for reliable reporting, and statements from Iraqi Prime al-Sudani or the Ministry of Finance. Key indicators to watch include CBI exchange rate policies, Avoid social media hype or clickbaiters unverified claims that are silly and they do not know when it will RV LOL. That is a very guarded secret -stick to primary sources for the real story.
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"AJ Appreciate the Q&A. When one has a foreign currency and it revalues, instead og going the traditional route. How does one find a broker, that may allow a better rate vs banks or others. Be Blessed!"David R (
Thank you for the kind words! When a foreign currency like the Iraqi Dinar (IQD) revalues, the rate will be set by the Central Bank of Iraq (CBI). This will differ from past RVs where countries issued lower denomination notes, as the CBI is introducing a digital dinar, a central bank digital currency (CBDC), that doesn’t trade on the forex market. They’ll likely set a fixed rate, which is a new twist not seen before, so you can’t gauge how the IQD will roll this out by looking at historical examples.
As for banks, the exchange spread will depend on the amount you hold, typically 1-3% or none, and you’ll be able to shop around for the best rate. The idea that people will be left behind is just silly fear-mongering and clickbait. You'll be fine.
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Vince Gallo (
Interesting perspective! I’m not saying it’s a conspiracy, but economic stability often favors established players IMF World Bank BIS. I Focus on credible data from the CBI and Iraq News to cut through speculation.
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John Romero (
"How about we do an anonymous survey on how much we are holding in IDQ. If that possible."
Hey John
I’d caution everyone to keep personal financial details private on SM platforms.
John Romero (
"What is the best way to prepare to exchange our IDQ currency? What financial institution should we use?"
Preparing to exchange IQD monitor official announcements from the Central Bank of Iraq (CBI) for any RV confirmation, as I mentioned earlier. For exchanging, a Tier1 bank that exchanges currency onsite. DO NOT have it sent out to verify the authenticity of your dinar notes!
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Mark Laschinski (
A currency revaluation (RV) like the Iraqi Dinar’s could make sense for a few reasons. Iraq’s economy relies heavily on oil, and after decades of instability (wars, sanctions), the dinar’s value has been low, around 1,300 IQD to $1 USD as of recent. An RV could restore confidence in the currency, reduce transaction costs for international trade, and align it with economic growth if oil revenues stabilize -turkey pipelie. It could also combat inflation an black-market currency issues. I’d watch for official policies from the CBI, not speculation.
"One more. Seems like a lot of people go all in on risky bets. What percentage ~ of ur net worth excluding homes do u have invested in iqd ?"
My Reply:
Hey
I totally get the concern about risky bets, I don’t disclose personal investment percentages publicly, but I can say I approach the IQD like any other speculative asset: cautiously. I wouldn’t recommend going “all in” on any single currency, especially one with uncertainty, it’d be a small portion of your net worth—3% -5% - 10%, depending on your risk tolerance and diversification strategy. I’d focus on a balanced portfolio across stocks, Bonds, crypto, and commodities, as I’ve discussed in the past. Always diversify and do your own research!
FRANK26: "WITH ALL SINCERITY NOT AT 1310, THANK YOU".....F26
Iraqi Ambassador to Washington: A delegation representing more than 50 American companies will visit Iraq.
3/29/2025
The Iraqi Ambassador to Washington, Nizar Al-Khairallah, confirmed that a delegation representing more than 50 American companies will visit Iraq.
The Iraqi Embassy in Washington said in a post on the (x) platform: "Ambassador Al-Khairallah met with Steve Lutes, Vice President of the American Chamber of Commerce and President of the American-Iraqi Business Council and his deputies."
The ambassador stated that "the meeting focused on discussing the logistical arrangements for the upcoming visit of a delegation of American businessmen to Iraq, which will include representatives of more than 50 American companies specialized in the fields of energy, healthcare, education, transportation and other sectors.
DINAR UPDATE: Budget of 200,000,000,000 Iraqi dinars
Highlights
💼 The speaker emphasizes the importance of passive income strategies and investment opportunities.
👨👩👧👦 Viewers are urged to balance financial tracking with quality family time and personal interests.
Key Insights
📊 Significant Budget Deficit: Iraq’s proposed $200 billion budget highlights the serious deficit impacting its economy. The sizeable budget is particularly notable for a developing nation like Iraq, suggesting potential changes in public spending and social services.
🏛️ Legislative Processes: The discussions around the budget reflect the complexities of governance in Iraq, emphasizing the need for thorough analysis and continuous improvement of financial strategies each year. The connection to financial stability and legislative change serves as a reminder of the longer timelines involved in budgetary processes.
🌐 Economic Stability Indicators: Despite the budget deficit, stable exchange rates indicate some measure of economic resilience. The relatively stable market is important for citizens who are economically active, especially during festive periods.
🎈 Public Response and Economic Activity: Increases in shopping activity during the holiday season reflect a cyclical pattern in consumer behavior, impacting exchange rates and economic forecasts. The connection between cultural observances and economic behavior deserves greater attention.
Iraq prepares for the largest leap in electricity production: historic contracts with GE and Siemens and plans to compensate for gas shortages
Baghdad /NINA/ -Minister of Electricity, Ziyad Fadhil revealed on Friday that Iraq is about to sign two historic contracts with the American company General Electric and the German company Siemens to boost electricity production.
The first contract will provide 24,000 megawatts, while the second contract will add 10,000 megawatts to the national grid.
The minister confirmed in a statement that "the issue of importing Iranian gas has not yet been resolved," explaining that the ministry has not received any official notification of a halt to supplies, while discussions on this matter are still ongoing.
In the face of any potential shortage in gas supplies, Fadhil indicated that "the government has alternative plans, including the use of kerosene, taking advantage of electricity interconnection projects with neighboring countries, in addition to solar power plants and combined-cycle units that do not require fuel, as well as establishing a floating gas platform in the port to enhance energy sources.
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The minister indicated that "the ministry is currently implementing the largest campaign to resolve bottlenecks in the electricity grid in all governorates, by modernizing and introducing new lines and installing transformer stations, with the aim of achieving greater stability in supply hours."
Regarding warnings about an electricity crisis next summer, Fadel confirmed that "there is exaggerated alarmism," emphasizing that the government is well aware of the challenges and has clear plans to confront them and ensure stable electricity supply in the coming months./ End
