What Are The Reasons For The Decline In The Value Of The Issued Currency Printed In Iraq?

 What Are The Reasons For The Decline In The Value Of The Issued Currency Printed In Iraq?

Economy |  08/06/2025   Mawazine News – Baghdad   Data from the Central Bank of Iraq (CBI) shows that the value of Iraq's issued currency (printed) is currently at its lowest level in a year.

According to the latest statistical data on the currency issued in Iraq in April 2025, the value of the issued currency (printed) amounted to 98.4 trillion Iraqi dinars, down from 99.8 trillion Iraqi dinars in March 2025.

This value of money issued in Iraq is the lowest in two years, specifically since March 2024, when the issued currency reached 98.3 trillion Iraqi dinars. https://www.mawazin.net/Details.aspx?jimare=262289

TIDBIT FROM BRUCE

 Bruce   

[via WiserNow] 

 ...we had a rate at the banks the other day on the dinar that was good. We had a really good rate. It's not where we're going to be on  the redemption center screens or on the contract rate at the redemption center, but it was still quite handsome of a rate.. . 

Dong is supposed to be very good...The dong will be traded at the bank...

But I don't think it's going to be as high of a rate as it would be at the redemption center, but...It'll be a very good rate...I've been told we will be pleased with those rates.

IQD: $10.21 – Public trade screens GO LIVE TONIGHT!! ‪@DINARREVALUATION‬ #iraqidinarinvestor #iraq

 

PM Al-Sudani: Iraq ready to export 80 local products

 Shafaq News/ On Sunday, Iraqi Prime Minister Mohammed Shia Al-Sudani announced that about 80 locally manufactured products are now ready for export, highlighting Iraq’s expanding role as a regional economic hub.

Speaking to tribal leaders during Eid al-Adha celebrations, Al-Sudani emphasized a renewed focus on improving management across various sectors, stressing that ongoing economic reforms aim to reduce Iraq’s dependence on oil and accelerate efforts toward diversification.

IRAQ UPDATE

  IRAQ UPDATE

Iraq approaches WTO membership after completing comprehensive technical responses

Iraqi private banking advisor to Rudaw: There are 2,000 exchange companies that must be merged or transformed into Banks. 

This is interesting…. - 

Sherwan Anwar Mustafa, advisor to the Iraqi Private Banks

BROTHERS TECHNOLOGY: THE BANKS ARE READY TO GO!! , OIL REFORM IS COMPLETE AND GET READY!!#iraqidinar

 

TIDBIT FROM KAPERONI

 Kaperoni   

Article:   "Al-Atwani: Iraq's integration into the international financial system is no longer an option, but rather a necessity to enhance confidence in the national economy."

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Article:  "Ali Al-Alaq: We are working on creating a digital currency for the Central Bank to gradually replace paper currency" Question: "Assuming this happens, will we need to turn in our currency and allow it to be converted to digital? 

 If so, where will it be held?" 

 No, the physical paper will always remain outside the country.  That was part of their agreement to sell it to build their own reserves. 

 We talked about this several years ago. Saleh stated the physical dinar currency would go into central banks around the world. 

The digital transformation in Iraq is only for them. The reduction of physical dinar could take several years in Iraq.

 Keep in mind that notes that we hold such as 25,000 notes will always be their printed value. The exchange rate to US dollars should gradually increase based on Iraq's economic growth (economic renaissance) and success over time and the development of their banking system.

https://dinarevaluation.blogspot.com/2025/03/tidbit-from-kaperoni-22-march.html