Jeff
I stressed...we weren't going to see the rate change till Iran is dealt with. As you see, that stands true...
Iraq has not revalued because they're waiting on a resolution between Iran and the United States.
Whether it's based on an unconditional ceasefire or an agreement has been reached from military action.. .
That's what we're waiting on.
The war can either go very quick or take a little while depending on whether foreign countries get involved...
Oil expert: Closing the Strait of Hormuz is currently unlikely... and why?
Oil expert Hamza Al Jawahiri ruled out the possibility of closing the Strait of Hormuz at the present time, unless the United States intervenes directly in any military conflict.
Al-Jawahiri told Al-Furat News Agency, "Closing the strait is not in the interest of Iran and the Gulf states if America does not intervene directly. "
He added, "All countries will be harmed by closing the strait, and the damage will be great for Iraq in particular, given its heavy dependence on oil revenues.
" Al-Jawahiri pointed out that "even if the strait is closed, it will only last for a few hours or days, as it is considered a vital artery that transports 30% of crude oil heading to global markets." link
Mnt Goat
[Wednesday] was my usual call to Iraq...I was told...that if this Iranian issue can be resolved quickly, as within a couple weeks, they fully intend to move ahead with currency reform very quickly.
The only solid reason holding it back now is Iran.
They had wanted to conduct the process prior to any real aggression from Israel but would not get the go ahead from the U.S. to move forward.
Remember Iraq needs the full support of the U.S. for the Project to Delete the Zeros because the next stage preceding it has to be the reinstatement...
I was told and I quote “technically if all goes correctly and these nuclear sites do get destroyed, we can expect the currency reform process to move ahead very quickly”.
ECONOMIC AND OIL EXPERTS PREDICT THE REPERCUSSIONS OF THE ZIONIST AGGRESSION AGAINST IRAN AND ITS IMPACT ON IRAQ.
Economic and oil experts have differing opinions regarding the repercussions of the Zionist aggression against Iran and its potential impact on trade flows in the region and the global oil market. They stress that the current situation carries within it many variables that are difficult to predict accurately.
Abdul Rahman Al-Mashhadani (Economic Expert): Iraq is capable of diversifying its import sources.
Economic expert Abdul Rahman al-Mashhadani told Euphrates News that “the impact on trade with Iran from the recent repercussions is linked to several factors, most notably the duration of the airstrike on Iran and the facilities that will be targeted.” Al-Mashhadani noted that “the strike so far has been localized, and talk of it continuing for weeks is expected. It is certain that there will be action and reaction.”
Al-Mashhadani added, “We do not expect trade routes to be targeted. The current targeting is limited to military facilities.” He emphasized that “Iraq, in general, is capable of diverting its trade from Iran to other countries, because all it currently imports from Iran are crops that can be replaced from Turkey, Jordan, and Syria.”
Al-Mashhadani warned that “the real problem will be the escalation of the conflict and the attack on the Strait of Hormuz, which will affect our oil exports despite the rise in oil prices.” Al-Mashhadani concluded his remarks by emphasizing that “issues related to commodities and crops will not have a significant impact, and the impact on trade will only be initial.”
Hamza Al-Jawahri (oil expert): Oil prices will continue to rise. For his part, oil expert Hamza Al-Jawahiri predicted to Euphrates News that “the rise in oil prices as a result of the recent repercussions will increase further, especially since initial data indicates it will continue for several weeks.” Al-Jawahiri explained that “its impact on shipping in the Gulf could lead to a further rise in prices, as its impact negatively impacts oil supplies.”
Bassem Jamil Antoine (Economic Expert): Great chaos and difficulty in prediction
In the same context, economic expert Bassem Jamil Antoine warned in a statement to Euphrates News that “the recent repercussions in the region will lead to major chaos, and the outcome of this war, its duration, and the Iranian response cannot be estimated.” Antoine noted that “its impact will depend on how long the war lasts.”
Antoine predicted that “Iraqi trade will be significantly affected, and it is impossible to provide a clear picture. This will increase demand for the dollar, which will be reflected in its rise.”
STATUS OF THE RV , PART. 3
I am told by the CBI that there is strict attention not to exchange any dinar for U.S. dollars in Iraq and these same instructions were given to all U.S. ,UK and Canadian banks. Even dollars for travel are cut off.
So, why are many of these intel gurus telling you there is even a possibility of an RV this weekend or next week? These are very strange people, and I don’t where in hell they get their info from, or does someone just make it all up?
Folks, I know many are worried that this may mean a huge blown-out protracted war. I just don’t see it that way, knowing the details. This is not what I am getting from my CBI contact in Iraq either. They worry most about shortages in Iraqi citizens such as for food, electricity and gas from Iran.
But Iraq will survive and this is not the first time for these shortages. Why do they think the U.S. kept warning them of these issues? Have you been reading all the articles I have sent you lately? Go figure! Where Iraqi citizens blind of what was to come?
I was told and I quote “technically if all goes correctly and these nuclear sites do get destroyed, we can expect the currency reform process to move ahead very quickly” . For it is also better if there is a regime change. This would really bolster peace in the region.
😊Meanwhile in the midst of the Iranian was, Iraq keeps moving forward with their economy as in the article titled. “IRON ORE EXTRACTION, SULFUR AND DRY GAS INVESTMENT…THE GOVERNMENT IS DISCUSSING TWO REQUESTS AND A CHINESE OFFER ” On Monday, June 16, 2025, the Iraqi Industrial Coordination Council discussed the industrial situation in Iraq and its needs during a meeting chaired by Prime Minister Mohammed Shia al-Sudani. The meeting was attended by representatives of several foreign companies.
The meeting discussed an offer submitted by the Chinese company “Tsing Shan” to extract “iron dust.” So, Iraq is just not talking about exploiting their mineral resources they are doing something about it to bring it to market. This is part of the economy moving away from the rentier economy.
Then another article still critical of the rentier economy it is titled “IRAQI FINANCE FIGURES SHOW A “SOFT RENTIER” ECONOMY. ARE THERE ALTERNATIVES?“. Remember that even though the Iraqi economy is still about 92% oil driven revenues, these are revenues and oil is a large part of their assets.
So where is a dinar rate to at least reflect what they do have? Sadly, if the Iraqi dinar is not in a manipulated rate, I don’t know what is! So, I will quote from the article “An Iraqi economist warned on Wednesday against the country’s continued reliance on a rentier economy, noting that it “creates a consumer society” and weakens the national production base. Mohammed al-Hasani told Shafaq News Agency,
“A rentier economy is usually weak and produces a consumer society dominated by the import sector, with little interest in manufacturing industries. This is what applies to Iraq.” Is this still not an economy? Do you really believe that with about 100 billion in reserves and the ability to maintain these reserves is not wealth? Not to mention Iraq has hardly any debt. Hey…. I also thought they call oil “black gold”. Is gold not supposed to be a very stable investment then? Is this not why we invest in gold? Just asking…..
