A few of my guys [Iraqi employees] have [bank] accounts but they have not deposited their large notes until they are sure about the new lower notes and a revaluation.
There are no consequences if they don’t [make a deposit]. The GOI has offered bonds but they are weary of these.
They do expect a revaluation but all it will mean to them is cheaper prices on goods and services. Yes they are [excited about purchasing power] but they are getting frustrated about the delays.
Iraq’s dinar continues to strengthen against the US dollar, fueled by a shift toward electronic payments and tighter foreign trade financing, Prime Minister’s economic advisor Mudhhir Mohammed Saleh disclosed on Saturday.
Speaking to Shafaq News Agency, Saleh attributed the currency’s recent strength to a drop in physical dollar demand, driven by expanded use of electronic payment cards, particularly among travelers. “No genuine economic foundation is without the law of supply and demand, including currency markets.”
Travelers now access dollar allocations legally through airport facilities, reducing reliance on the parallel market,” he noted, adding that private-sector trade transactions conducted through correspondent banks at the official rate of 1,320 dinars per dollar have reinforced market stability.
Saleh further credited the Central Bank of Iraq’s recent reforms—including the dismantling of the old payment platform and the launch of compliance-based mechanisms—with reducing cash dollar demand in secondary markets. “These steps have made official payment channels more flexible and cost-effective, marking a major achievement for monetary stability and regulatory oversight.” The dinar has posted steady gains in recent days, reaching 144,350 dinars per $100 in Baghdad on Saturday, compared to around 150,000 dinars a month ago.
The Vietnamese Dong revaluation (VND RV) has officially begun! This is a historic moment for investors who have been patiently waiting for this day.
Major global banks have activated new exchange rates, and a critical 48-hour exchange window is now live. In this urgent Iraqi Dinar Breaking News report, we will reveal insider updates from Redemption Centers, explain the newly confirmed VND exchange rates, and detail the steps you must take to secure your appointment immediately.
First, let’s discuss the authentication process. To ensure the security and legitimacy of the exchanges, Redemption Centers will require several documents for authentication. These documents typically include two forms of identification, such as a passport and driver’s license, and proof of address. It is essential to have these documents ready and up-to-date to avoid any delays in the exchange process.
Now, let’s move on to the newly confirmed VND exchange rates. Although the exact rates have not been officially released, our sources indicate that they will be significantly higher than the current rates. This revaluation is expected to bring substantial returns for investors who have held onto their Vietnamese Dong for this moment.
Structured payouts are another crucial aspect of the VND RV. To help investors manage their newfound wealth, Redemption Centers offer structured payout plans. These plans allow you to receive your funds in installments over a specific period, which can help prevent overspending and ensure the long-term stability of your finances. It is essential to consult with a financial advisor to determine the best structured payout plan for your individual needs.
Securing a private appointment with a Redemption Center is the next step for investors. Due to the high volume of expected exchanges, it is recommended that you schedule your appointment as soon as possible. This will help ensure a smoother and more efficient exchange process. To schedule an appointment, contact your banking institution or a trusted financial advisor.
Finally, let’s discuss some common mistakes that investors should avoid during the VND RV. One such mistake is attempting to exchange your currency at a location other than a designated Redemption Center. This can lead to fraudulent activity and a loss of your investment. Additionally, be cautious of scammers who may attempt to take advantage of the situation. Always verify the legitimacy of any information or offers related to the VND RV.
In conclusion, the Vietnamese Dong revaluation is a once-in-a-lifetime opportunity for investors. The 48-hour exchange window is now live, and timing is critical. Prepare your documents, familiarize yourself with the authentication process, and schedule a private appointment with a Redemption Center. Avoid common mistakes and consult with a financial advisor to determine the best structured payout plan for your needs. This is an exciting time for investors, and with careful planning and preparation, you can make the most of this historic moment.
THE RISE IN THE VALUE OF THE NATIONAL CURRENCY HAS LOCAL AND INTERNATIONAL CAUSES.
The Iraqi dinar’s exchange rate against the US dollar has witnessed a significant improvement over the current period, supported by a number of internal and external factors. Most notably, the country’s large financial reserves, the prudent monetary policies pursued by the Central Bank of Iraq, and signs of a thaw in US-Iranian relations have combined to boost the value of the national currency.
Deputy Governor of the Central Bank of Iraq, Dr. Ammar Hamad, said that the improvement in the Iraqi dinar’s exchange rate against the dollar in local markets is due to the central bank’s recent policy.
financial reserves
He added that the country’s massive financial reserves are one of the main reasons behind the improvement in the value of the dinar against the dollar, and we expect the dinar’s value to continue to improve in the coming period. He pointed out that the Central Bank of Iraq is working to consolidate the national currency by adopting policies that are consistent with Iraq’s financial capabilities and the requirements of the national economy.
dollar flow
Dr. Nabil Al-Abadi said: “The past few days have witnessed a significant improvement in the exchange rate of the dinar against the dollar, which is the result of a combination of internal and external factors. On the monetary policy side, the Central Bank has taken strict measures, including restricting the flow of dollars through auction platforms and imposing strict oversight on banks. It has also raised the interest rate on dinar deposits, which has stimulated the transfer of some cash liquidity. External factors, such as the improvement in oil prices and the accompanying increase in foreign reserves, have also contributed to this improvement.”
Stabilization
He added that these measures, while effective in achieving short-term stability, remain subject to several risks. The Iraqi economy’s dependence on oil revenues makes it hostage to global market fluctuations. Furthermore, some austerity measures, such as import restrictions, could negatively impact citizens’ purchasing power if they are not accompanied by policies that support local production.
productive sectors
He stated that ensuring the sustainability of this improvement requires structural reforms, starting with diversifying the economic base and reducing dependence on oil, through developing productive sectors such as agriculture and industry. This also requires a comprehensive overhaul of the banking system and simplifying customs procedures to boost non-oil exports, as well as enhancing investment confidence through stabilizing legislative policies.
He stated that improving the exchange rate is not an end in itself, but rather must be a starting point for deeper economic reform. International experience demonstrates that sustainable monetary stability can only be achieved through a productive economy capable of confronting external shocks.
global pressure
Financial expert Dr. Mustafa Akram emphasized that while there is a reason for the gap between the official exchange rate and the parallel exchange rate of the dinar against the dollar, the gap has its causes. He pointed out that the opening up between the United States and the Islamic Republic has eased global pressure on remittances to Iran, reducing demand for the dollar in local markets and strengthening the value of the national currency. This coincides with ample supply from the Central Bank in the form of remittances and other forms of financing, which necessitates strengthening this phase.
electronic card
He pointed out the importance of the Central Bank of Iraq taking action to reach an agreement with the United States and establish an official platform for transactions by creating an electronic payment card for use in Iran, Russia, and other sanctioned countries. This would reduce demand for dollars, he noted, noting that this would serve small traders and travelers, address many problems, reduce smuggling and illegal trade, and increase the value of the local currency.
Three or four different sources say Tier4b (us, the Internet Group) should get notified Wed. 30 April and start exchanges on Thurs. 1 April.
Exchange Center personnel say they are getting an email tomorrow about getting started on exchanges by Thurs. 1 May.
Our Quantum Cards with our name on them are already at the Redemption Center where we are going to do our exchanges. The Quantum Card is used to move funds from your Quantum Account to your regular bank account.
Our R&R reimbursement payment will be in our accounts at the Redemption Center.
DOGE payments will be put directly in your regular bank account in May.
We should get increase in SS payments in May.
Birth Certificates were no longer considered legal, so don’t bring them to the exchange. Bring a picture ID like a Drivers License.
18 new rates were scrolling up and down on Redemption Center Screens and a message on the screen said that those rates should be solid on Wed. 30 April.