DINAR EXCHANGE 🚨 Iraq’s $16 Trillion Resource Revelation!

 DINAR EXCHANGE

Iraq’s $16 Trillion Resource Revelation! PM Advisor Salih unveils Iraq’s vast mineral wealth, positioning it as the 9th richest globally. With plans to diversify the economy and reduce oil dependence, could this be the catalyst for the Iraqi Dinar’s revaluation? #Iraq #IQD #EconomicDiversification #DinarRevaluation #DinaresGurus Iraq’s $16 Trillion Resource Revelation: A Catalyst for Dinar Revaluation? Iraq’s Prime Minister’s Financial Advisor, Mazhar Mohammed Salih, recently announced that the nation’s natural resources are valued at over $16 trillion. This immense wealth, encompassing minerals like thorium, uranium, phosphate, sulfur, and lithium, positions Iraq as the ninth richest country globally in terms of natural resources. The Iraqi government is actively pursuing economic diversification, aiming to reduce its heavy reliance on oil revenues. By developing the mining sector, which is expected to contribute at least 10% to Iraq’s GDP during its initial development phase, Iraq seeks to stabilize its economy and strengthen the Iraqi Dinar (IQD). According to Basel III requirements, a nation’s currency should reflect its tangible assets. With Iraq’s vast untapped resources, there’s a compelling case for a revaluation of the IQD.

AJ: A unified exchange rate has to happen 1st before the CBI can revalue its currency. #iraqidinar

 

Iraq's trade with Iran is again confusing the dollar. Hantoush warns of a tight spot!

  Iraq's trade with Iran is again confusing the dollar. Hantoush warns of a tight spot! 

Economic expert Mustafa Hantoush confirmed that Iraq still has significant trade with Iran that is not covered by the official price, leading to continued pressure on the parallel market.

In a statement to Jarida Platform , Hantoush stated that “millions of travelers to Iran are also contributing to increased pressure on the parallel market. With the improvement of the Iranian currency thanks to negotiations with the United States and the reduction of remittances, this pressure has eased somewhat.” 

He explained that “the Central Bank’s step to increase the limits on some cards has partially contributed to the solution, but the worsening situation and the return of remittances may push the parallel exchange rate up again.”

He added, "Iraq is now required to adopt new monetary policies to manage trade with Iran and passenger traffic. The solution may be through a tripartite account or a gold barter, as some countries in the region are doing, to extricate Iraq from this tight spot."  link

TIDBIT FROM MNT GOAT

 Mnt Goat  

 I try to bring you the progress of the monetary reforms, mostly following the plan to get back to FOREX...

This is a huge effort for Iraq as it is right in the middle of a very volatile area of the world right now...

Unfortunately, Iraq is a centuries old, major trading partner with Iran.  So, I hope now you can see the uphill challenge facing Iraq when the U.S. wants to sanction Iran.

 It is hard to do. This RV plan we watch is the Dr Shabibi’s plan from 2011. I am told the plan is still in effect and moving ahead...This to me was “WOW!” news.

IRAQ & DINAR STATUS EXPLAINED! @DINARREVALUATION #iraqidinar #iqd #iraq #iraqidinarnewstoday2025

 

Al-Sudani Affirms The Government's Support For Anyone Who Offers A National Industry With High Technology And Distinguished Specifications

 Al-Sudani Affirms The Government's Support For Anyone Who Offers A National Industry With High Technology And Distinguished Specifications

Saturday, June 14, 2025, | Economic Number of reads: 280  Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani affirmed the government's support for anyone who offers a national industry with high technology and distinguished specifications.

The Prime Minister's media office said in a statement: "Al-Sudani inaugurated today the Al-Alamiya factory for the production of medical and industrial gases, one of the private sector projects in Baghdad.

Al-Sudani toured the factory's departments, which is the first of its kind in Iraq, in terms of integrated production lines and operational energy efficiency, praising the efforts of the workers in this important industrial project.

Al-Sudani stressed that there are many projects in the governorates that need industrial gases, especially iron factories in Karbala, Basra, Salah al-Din, and the Kurdistan Region of Iraq."

He pointed to the government's support for the industrial sector in general, and for businessmen and industrialists in the private sector, and anyone who offers an achievement similar to this factory.

The Prime Minister stressed the support and provision of facilities for anyone who offers industry with high technology and distinguished specifications, pointing out the government's keenness to provide land for large industrial projects, which would open the door to important Iraqi industries that support the economy.

The factory was built on an area of ​​​​10 dunams at a cost of $ 32 million, and includes the tallest industrial tower in Iraq with a height of 69 meters, and its daily storage capacity is (1,250) tons of various products, while the production capacity of medical and industrial gases is (727,200) thousand tons annually, as nitrogen, argon, medical and industrial oxygen, and medical, industrial and food carbon dioxide will be produced.

The factory will meet about 80% of the needs of the Iraqi market for industrial and medical gases, and in the second phase, coverage and export will be completed. /End  https://ninanews.com/Website/News/Details?key=1234371

IRAQ & DINAR STATUS

 IRAQ & DINAR STATUS

Iraq is currently navigating a pivotal moment in its economic and monetary development.

 The Iraqi dinar has not yet revalued and remains restricted, pending parliamentary approval of critical budget tables.

 This approval is essential for enabling the dinar to enter global foreign exchange markets freely.

 Meanwhile, Iraq is preparing to host a major investment forum showcasing 150 pre-approved projects across 12 sectors, including agriculture, oil, gas, and manufacturing—signaling a strategic move toward economic diversification.

The country is also advancing in its accession process to the World Trade Organization (WTO), a significant step toward reducing sanctions and opening its markets.

 In parallel, Iraq is undertaking large-scale infrastructure projects, including the development of key ports and efforts to increase national revenue, reflecting optimism about future economic expansion.

International dynamics also play a role. 

Pressure from the United States and the United Nations to stabilize Iraq’s oil output highlights the country’s geopolitical importance.

 Additionally, legislative developments in the U.S.—such as a proposal to audit gold reserves—may signal broader shifts in global financial strategies.

However, uncertainty remains. Political instability, speculation about martial law, and unrest continue to present risks.

 While Iraq’s efforts to reform its economy and integrate globally show progress, sustained success will depend on domestic political coherence, external cooperation, and the timely execution of its economic agenda.