We witnessed so many banking and financial reforms in the past couple years...an article from...(April 15th)...once again telling us the black market (parallel market) may soon be completely gone come this June 2025...
the remaining 5% of the cash payments for imports will be moved over also to the correspondent banks, as was the other 95% last December 2024.
This will finally kill the remaining 5% of the black market. Hurrah, hurrah! This had to be done and the CBI told us this years ago. It is about to be reality...it is finally going to be done...This is going to happen suddenly and when you least expect it. They are almost there now.
WHAT ARE THE REASONS FOR THE DECLINE IN THE DOLLAR EXCHANGE RATE AGAINST THE IRAQI DINAR?
On Thursday, April 24, 2025, Professor of International Economics Nawar Al-Saadi revealed the reasons for the decline in the exchange rate of the US dollar against the Iraqi dinar in local markets.
Local stock exchanges in the capital, Baghdad, witnessed a rise in the value of the dinar at closing this afternoon, with the selling price reaching 145,500 dinars per $100, and the buying price reaching 143,500 dinars per $100.
The dollar exchange rate in Iraqi markets rose significantly in the fall of 2024, exceeding 1,550 dinars per dollar, or 155,000 dinars per $100, in some areas.
(Just so you know this is not a rise in the value, as the article says. If the amount of dinars per dollar increases then the value of the dinar decreases.)
TRUMP’S POLICIES
Al-Saadi told Al-Jabal, “The current decline in the US dollar’s exchange rate cannot be isolated from the global economic and political context, which is undergoing profound transformations. The United States has been facing negative economic indicators for some time, including slowing growth and declining retail sales data, which has reinforced market expectations that the Federal Reserve may move to cut interest rates in the coming period. This trend, by its nature, weakens the dollar’s attractiveness as a savings and investment currency and increases pressure on it in foreign exchange markets.”
He added, “Furthermore, the economic policies recently adopted by the US administration, most notably the imposition of tariffs on a number of goods, have contributed to raising import costs and increasing inflation rates, which has negatively impacted investor confidence in the performance of the US economy in the medium term.”
He continued: “In addition to internal factors, there are also global shifts that are gradually beginning to impact the dollar’s standing,” noting that “the accelerating trend by some international powers, such as the BRICS countries, toward reducing reliance on the dollar in trade and financial transactions reflects the beginning of the erosion of the monopoly position the dollar has enjoyed for decades. These multipolar policies are beginning to have a clear impact on the balance of monetary power worldwide.”
INTERNAL FACTORS
Regarding the situation in Iraq, according to the expert, “The recent decline in the dollar exchange rate is due to a decline in local demand during Ramadan, when commercial activity and travel decrease, leading to a temporary decline in demand for hard currency. However, this decline is not sustainable, and the dollar is likely to rise again when demand returns to normal levels, especially with the approach of the summer import seasons, or if obstacles arise in the flow of foreign currency into the Iraqi market.”
The professor of international economics concluded his remarks by saying, “The decline in the dollar exchange rate we are seeing reflects a state of economic anxiety and uncertainty rather than a long-term strategic shift.” Al-Saadi stated that “the dollar will not easily lose its global standing, but it is no longer the unrivaled currency, and the world is gradually moving toward new monetary balances that will have profound repercussions for developing economies, including Iraq.”
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.