An Expert Reveals The Reasons For The Dollar's Decline In Iraq.
Time: 2025/06/10 18:06:13 Reading: 735 times {Economic: Al Furat News} Economic expert, Duraid Al Anzi, confirmed that the decline in exchange rates in the country is primarily due to the lack of foreign currency transactions in trade with neighboring countries, in addition to the collapse of these countries' currencies against the US dollar.
Al-Anzi explained to Al-Furat News Agency, "This situation negatively impacts desire and increases demand for the dollar, which prompts governments in neighboring countries to reduce imports to Iraq."
He pointed out that "the local market is witnessing an abundance of many local products, which reduces the need for black market traders to demand dollars." LINK
So, again more...talk...about some $2 rate in the country of Iraq and rolling out the newer lower denominations.
I can guarantee you that...There is NOT $2 rate in Iraq. They are still using the official CBI rate of 1320.
This is also bullshit about lower denominations being out in Kurdistan or elsewhere...
Trust me, when the CBI does bring out the newer lower denominations, articles will proceed it in the news.
..
My CBI contact has told me months ago that the news articles are already designed and ready to go, given the proper timing. It is not yet! It will not be and cannot be some secret information only told to a few.
...I have a contact that works directly on this project to delete the zeros in the CBI and I would know if any new rate comes out.
😊Didn’t all the past and present directors of the CBI tell us so many times they needed STABILITY and SECURITY to conduct the switch out of the currency to the newer lower denominations?
In an article today titled “IRAQ TO BECOME “A MASSIVE SUCCESS STORY” they told us that “Iraq is experiencing unprecedented stability and security, creating significant opportunities for international businesses, according to Abir Burhan, Company Director of Al-Burhan Group (ABG), speaking at the Iraq Britain Business Council (IBBC) Spring Conference in London.
Burhan outlined. “We’ve been through the worst of it, and we finally see that Iraq is becoming really stable and secure,” he told delegates.
Okay so now I would consider statement like this would more this currency reform ahead. So where is it? Remember that for the last six months all we have heard Iraq bragging about how rich they are. Of course this is all to attract more investors. It is exponential. They want to grow their economy.
So, then with my CBI contact, I wanted to move on to our dinars outside Iraq.
I asked how are they going to retrieve our dinars?
She replied let’s not get the horse before the cart. First things first. She said the CBI needs to get through this first initiative and this is why the CBI is moving ahead now with the mandatory all-electronic payment deposits ONLY.
She said there is almost no way this new initiative can’t work and be successful.
The CBI controls the salaries payments
.
But we all know Iraq and they always find ways around it. I asked how long would this take? She told me it begins early July.
To gauge success, they must get through multiple months of payroll, then see remains in the banks and what new currency is deposited. Oh… that makes sense to me.
This may force many to even take their stashes of cash and use the cash in the marketplace, if they neglected to get a card. Either way the banks are going to get the cash, she said.
Many of the 25% of the citizens still didn’t trust the cards or they forgot to get their cards. They will remember when they have no money….lol..lol.. she laughed. They are going to force the citizens to depend upon the banks, like it or not.
Remember that they will also still have ATMs, which we were told were pivotal for the Project to Delete the Zeros and now I also can see why this is the case.
I hope all my readers also see it now too. It is all coming together and making total sense. The CBI said cash will still exist, but very limited.
Another point to make is the CBI is being VERY CLEAR on their stance that the Iraqi dinar (IQD) is not going to be a crypto currency. You can read the article for yourselves titled “CRYPTOCURRENCY ECONOMICS FOR IRAQ”. In the article it talks about cryptocurrency as a modern economic phenomenon. Cryptocurrency is unique in that it is outside the control of central banks, as it is not included in the “currency issued” by those banks, nor is it even outside the control of governments,
consequently, monetary policy will face challenges in its ability to control inflation rates.
The statement by Counselor Prof. Dr. Mazhar Mohammed Saleh regarding the Central Bank of Iraq’s intention to issue a digital currency has sparked considerable public confusion. The concept has been interpreted as referring to the currency as being similar to the aforementioned cryptocurrencies. This is incorrect and not intended. Rather, it is an alternative to the established paper currency, and as such, it will be subject to the same controls as paper currency.
So, again more crazy talk by these same intel gurus about some $2 rate in the country of Iraq and rolling out the newer lower denominations. I can guarantee you that $2 rate exchanges are NOT taking place across the pond (in country of Iraq or outside it). There is $2 rate in Iraq. They are still using the official CBI rate of 1320. This is all bullshit about lower denominations being out in Kurdistan or elsewhere. I have a contact that works directly on this project to delete the zeros in the CBI and I would know if any new rate comes out.
Next we find yet more crazy, stupid statements like and I quote “that Iraq has revalued its currency (privately) and we wait the full public release”. These are also ridiculous statements made by idiots. They cannot back up even a word of what the hell they say. There are no facts, only stupid rumors. Trust me, when the CBI does bring out the newer lower denominations, articles will proceed it in the news. It won’t be a secret. Read my lips – THERE IS NO PRIVATE REVALUATION!!!! The rate is the official CBI rate. You can’t have an RV’s rate and then expect to still sell currency at another rate from the CBI. It simple is currency manipulation. Get it? This is exactly what the entire two and a half years has been all about – multiple rates. So, just how stupid of a statement can this be? Real stupid!
My CBI contact has told me months ago that the news articles are already designed and ready to go, given the proper timing.
It is not yet! It will not be and cannot be some secret information only told to a few.
These intel gurus, like TNT Tony, Bruce, MarkZ and other have to make you believe they have “secret” sources to get your attention. Do you see the dinar scam?
I am here to tell you they are liars and bullshitters. I know firmly how the entire process is going to work and they can’t skip any steps. They will not roll out a new RV’d rate to anyone until either they do it inside Iraq which will then be followed by a reinstatement.
The RV will happen suddenly, first an “official” CBI revaluation over the 1320
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Then another revaluation to just over a dollar.
Then a time period to collect the 3 zero notes, as the dinar will be worth more than the dollar.
I was told the rate must be just over a dollar to incentive the citizens to bring in their hordes of stashed cash.
Remember they have nearly 90% of the issued currency stashed. The banks need this for liquidity to lend out for the economic development projects.
The CBI has tried many different approaches to get these stashes of cash into the banks. Remember the articles about the “cash center”? Reluctantly, it has not worked fully to expectations by the CBI.
So, today we learn about the beginning of yet another tactic to bring in all this liquidity into the banks.
My CBI contact told me this and I quote- “if the citizens won’t bring the cash into the banks, we will do it for them”.
After reading three main articles today I know what she meant. Here are the titles of the articles. Everyone should go the Articles Section, find them and read them carefully. I will then review my last conversation on Saturday with my CBI contact. But please read them first so you understand what I am going to talk about next:
😊”CASH PAYMENT BAN IN GOVERNMENT INSTITUTIONS”
😊”STARTING FROM THIS DATE, THERE WILL BE NO CASH PAYMENTS IN IRAQI GOVERNMENT INSTITUTIONS. ”
😊”THE ERA OF THE DIGITAL REPUBLIC HAS BEGUN. IRAQ IS CASHLESS, AND THE CENTRAL BANK IMPOSES ITS AUTHORITY AS THE “RULER OF THE COUNTRY.”
To be clear these articles are telling us that all government payments will now be electronically deposited in the banks for the receiver of the funds.
No more cash windows at the banks to receive salaries in cash. No, I am NOT now talking about the currency auctions, that is something totally different. Let’s concentrate.
I can imagine also they will strictly limit the ATM machines too on withdrawal amounts of cash per month to eliminate future hoading. Remember we are now exclusively talking dinars not dollars, but there are hoards of dollars too that need to surface and will.
This might excite the parallel market again but I was told this will be temporary until they are mostly flushed out.
Iraq has been de-dollarized it would be hard to even use the dollars in most places. I firmly believe they have also broken the parallel market and essentially it no longer exists. These are two huge steps towards the Project to Delete the Zeros.
Remember also they gave almost a decade for the citizens to open bank accounts and get their debit card issued. They just announced that nearly 75% of the country’s citizens now have the debit cards and accounts.
So, now they chose a target date to go ahead with the next step, the all digital, something they told us months ago was coming. They are ready to do it now.
Now let’s discuss more of what Iraq is telling us and the impact. They are telling us they must get these hoards of cash inside the banks.
Remember there was just a recent article telling us that nearly 90% of the cash dinars are still outside the banking system. I imagine they have a pretty good idea how many dinars in-country vs out-of-country that they need to retrieve.
So, this step is FIRST to concentrate on the in-country dinars. Next they are going to come after the out-of-country dinars. This is their plan, so I am told.
I asked my CBI contact- does this also include our dinars, held outside Iraq with investors?
I would think it does, but I wanted to check.
I was told YES, but in a much different sense than in-country.
To explain my contact then said that if they don’t’ retrieve these dinars in-country first, before the revaluation, they will have a crash of the currency, since there will be too much in the money supply and hyper-inflation will occur.
It would be really bad! So, remember the plan, she told me.
They would first retrieve these hoards then, by revaluing the dinar in-country, then bring out the lower denominations.
Since the US Treasury has not yet signed off to conduct the project the delete the zeros, they are moving ahead with what they can do to retrieve these dinars now.
They are hoping that if successful the US Treasury will then sign off and more this part of the currency reform forward. Remember this is always an uphill battle for Iraq to get where they want to go.
Once the banks have collected most of these dinars, the CBI would then revalue the dinar in-country and then MONITOR FOR INFLATION.
They would need permission first from the US Treasury and this has been the part of the issues related to Iran all along (a subject for another day).
Oh…now I know why they keep telling me about this step of monitoring for inflation. I get it now…. Just kidding I got if before but I wanted to explain it so all of my readers get it. Got it?
The rate on ISX fluctuates a bit but that is the only rate change I see. Oh could it the new price of oil that has changed, get it. Oh … yes that’s it!
😊 This is not a new dinar rate. It is just the price of oil they will use to determine if they can complete a project or not. It’s called revenue streams! Some projects may have to be cut or scaled down to match the revenues.
Today they even tell us in article titled “140 TRILLION DINARS ENTER THE IRAQI TREASURY IN ONE YEAR, 91% OF WHICH COMES FROM OIL.“
that oil is still 91% of the revenue streams for Iraq. So, if oil drops, so must their budget. The finance committee just told us that they are now finishing up and getting ready to roll out the budget tables.
Here is the article titled “TO SPUR INVESTMENT, PARLIAMENTARY DEMANDS TO EXPEDITE THE RELEASE OF THE 2025 BUDGET SCHEDULES.” Please go read it. I wish they did. These contracts are changing because the price of oil changed and the 2025 tables were revised.
Oh …. You might say they are just “misinterpreting the news from Iraq”.
Yes, they are and that is the problem, get it? No more excuses! Whoever is feeding this bad information to these idiot intel gurus has a warped sense of humor.
Here is reality: The old tables for 2023 and 2024 were based on $70 a barrel and now they had to reduce the 2025 budget down to $60 as barrel.
This is why it's taking so long to roll out these tables. Of course, contracts are going to change. Yes, they are waiting for the new budget tables to roll out. It’s like trying to stop a moving train.
The economy keeps moving ahead, yet oil prices drop. How does Iraq accommodate this change without racking up a huge deficit. This what they are trying to do. Get it?
The decrease in oil prices simply means there would be less money for projects, All their contracts and projects are based on it. Get it? So going forward there is a change but the change is less not even more. Again the new rate will never be in the budget. Get it? They are talking about allocations of money from the budget not the rate of the dinar.
However, for some reason these thick-headed idiots want to make everything about an RV.
They are constantly over speculating.
They make a mountain of intel over a mole hill of information. This stupidity must stop. Oh ….
But they have such good sources? Really? Their little group of followers are constantly kept on the edge hoping for the new rate and to go to the bank. They are too dumb to realize they are being scammed. Every week, every weekend the same old bullshit.
They are even paying this guy $100 now to hold a place on his site so when the RV does happen, they can pay $1,000 to be onboard and get financial advice on how to invest their money. They will also be told of new opportunities with a new set of currencies to watch. Is this TNT Tony a licensed financial advisor?
Before I get to the juicy news for today, I first find it important to explain just how ridiculous and stupid much of these statements that are now being made by many of these intel gurus like TNT Tony, Bruce, MarkZ, Melonie Hines and many others.
Remember that this is why I started my Newsletter in the first place, to clarify this crap. Somebody has to bring some common sense and TRUTH to this investment intel.
No, no lower denominations are out anywhere in Iraq, I can guarantee it! No, the RV has not yet happened. No, it is not yet trading on “backroom” Forex.
WARNING
I am going to be harsh today and may make statements that may offend some readers. But somebody has to bring CLARITY and TRUTH to this IQD RV saga. I always say, if the shoe fits, wear it. I know there are many TNT and Bruce followers reading my blog. All I can ask is to stop all association with these scammers.
So, I believe that many of these intel gurus have their heads screwed on backwards. Where in hell did most of these idiots come from? No, it’s not about speculation but rather giving their listeners the truth as it is reported from Iraq. You do want to get the TRUTH?
Oh..you don’t care about the TRUTH? You just want to make a buck off this RV saga anyway you can?
Anyone can speculate. A first grader in elementary school can do a better job that most of these idiot gurus.
We don’t need these intel gurus to do it.
What good are they…really! Over speculating is lying. We should all have had just about enough of this crap already. It is not necessary to guess. If you know the CBI plan to RV and follow the news from Iraq you should know that the RV could not and would not RV every weekend. “You’ll be at the banks on Monday”, really? Who’s telling them this fake intel? The writing is on the wall and all we need to do is sit back and wait. There’s no rushing it. Can anyone of these stupid intel gurus even point out a couple main issues facing Iraq today? I bet they can’t.
I want to show everyone today just how wrong and stupid some of these statements are now being made but these intel gurus:
Here is one by TNT and I quote “Tony and Ray confirmed, the rate is live in Iraq. All their contracts and projects are based on it so will not be a long at all.” How many times over the last 20 years have we heard this crap, yet we still sit here with no RV. So, what is wrong with this statement?
Another one is statements made by this NINJA Warriors site on You Tube. Oh boy this is one really bad! Here is their nonsense and I quote “Iraqi Prime Minister Sudani has made a groundbreaking live announcement, confirming major developments regarding the long-awaited Iraqi Dinar Revaluation (RV).
This marks a historic turning point for the global currency landscape and could impact millions of investors worldwide”Sudani made no such announcement.If he did then way don’t they show the proof. Why is because they can’t.
There is no proof, get it? It did not happen. Get it? Folks all I can add to these kinds of statements are all lies. I am not trying to discourage anyone from this investment but these kinds of premature statements are just lies. I can not describe them any clearer.
