DINAR REVALUATION

Thursday, June 26, 2025

AJ 📢The Parallel Market dropped again intarday in Iraq

The Parallel Market dropped again intarday in Iraq.

I created a table for you showing the Parallel Market in Iraq. 

The 1st and 2nd columns display the opening and closing prices. 
The 3rd column shows the intraday price change, and the 4th column reflects the daily rate of change from the previous day's closing price.  

Example

Intraday Al-Harithiya stock exchanges in Baghdad: Down -3 dinar  
Daily Al-Harithiya stock exchanges in Baghdad: Down -4 dinar  See attached Table

The recent prices confirm that the Iraqi Dinar is gaining strength against the US Dollar across multiple regions in Iraq.

I also noticed a narrowing gap between buying and selling rates, which indicates stable market conditions and growing confidence in the Dinar. 

This suggests that reduced speculation and a tighter supply of Dinars are driving this movement. Traders appear more confident in the local currency, particularly as regional tensions with Iran are easing. 

The recent ceasefire between Iran and Israel may have indirectly bolstered this optimism by reducing pressure on regional markets. This likely contributed to yesterday’s significant drop of 21 Dinars in the parallel market...a rare occurrence.

Additionally, the Central Bank of Iraq (CBI) continues to manage liquidity effectively. Its regular interventions in the dollar auction system help stabilize exchange rates and reduce volatility.

The CBI has announced plans to unify the parallel market rate across Iraq with the official rate of 1,320 IQD per USD in the second half of 2025. This alignment is a critical step 1st for a currency revaluation.

The CBI is collaborating closely with exchange shops to monitor currency flows and ensure fair pricing. It has stated that the parallel market rate will gradually align with the official rate to avoid shocking the markets.

As the Dinar strengthens, importers benefit from more favorable rates when purchasing goods abroad. This  leads to lower retail prices and reduced inflationary pressure for Iraqi citizens.

The data also shows that demand for the US Dollar remains relatively stable, but the increase in Dinar strength suggests a growing preference for holding the local currency.

As the Dinar gains against the Dollar in key markets like Baghdad and Erbil, I believe the next few weeks will reveal a trend of the pace of declining rates to gauge how long this may take.

By the way, tomorrow is a holiday in Iraq. You can put questions in commentsAJ

2:25 PM · Jun 25, 2025

KERRIE ANN THORNTON:Just get ready, review your projects, get your clothes out!! #iqd #iraqidinar

Masrour Barzani: Baghdad will send a delegation to the Kurdistan Region to resolve the salary issue.

Masrour Barzani: Baghdad will send a delegation to the Kurdistan Region to resolve the salary issue.

Kurdistan Regional Government Prime Minister Masrour Barzani announced on Wednesday that the crisis of halting funding for salaries of public sector employees in the region is on its way to being resolved, and that he had communicated with the Chief Justice of the Supreme Judicial Council, Faiq Zidan, and Prime Minister Mohammed Shia al-Sudani in this regard.

This came during a press conference held today in Erbil, where Masrour Barzani addressed the conflict in the region, saying, "The announcement of a ceasefire between Israel and Iran is in the interest of all countries in the region, and we hope it will be a step toward restoring peace and stability throughout the region."

He added, "We in the Kurdistan Region have done our best to stay out of this war and chaos, and we must express our gratitude to Prime Minister Mohammed Shia al-Sudani, who has sought to spare Iraq from entering this conflict."

Regarding the issue of salaries, the Prime Minister of the Kurdistan Region stated, "For the past two months, the salaries of Kurdistan Region employees have not been paid legally, which is considered an unconstitutional measure. We believe it is unacceptable to link the salaries of Kurdistan Region employees to any political dispute or conflict. "

He stressed that "we will not give up any constitutional right of the people of the Kurdistan Region in any way, and we will continue to defend it," adding that "during the past period, there was not a day when we were not busy searching for a solution to this crisis."

Masrour Barzani continued, "We have been in contact with officials. Yesterday, I spoke with the head of the Supreme Judicial Council and the prime minister, and I assured them that we are keen to move towards resolving this crisis. They welcomed this and announced their readiness to send a delegation within the next two days to address the salary issue."

The Prime Minister of the Kurdistan Regional Government spoke about the suspension of Kurdistan's oil exports, saying that because of this, "the Iraqi economy and the Kurdistan Region's economy have incurred losses exceeding $25 billion, and to date, the federal government has not compensated the citizens of the Kurdistan Region for these losses."

He stressed that "to resume Kurdistan's oil exports, an agreement must be reached with all parties, especially with the oil companies operating in the region, which are demanding guarantees for extraction costs."

Masrour Barzani continued, "We were waiting for a ruling from the Federal Supreme Court in Iraq that would benefit the salaries of Kurdistan Region employees, but the court was dissolved with the resignation of a number of members. Now we are pinning our hopes on the Supreme Judicial Council in Iraq to resolve the salaries issue."

The KRG Prime Minister continued, "If an agreement is not reached with the Iraqi government to resolve the salary issue, we will resort to internal revenues, reducing expenses, or any other means possible to secure the financial rights owed to the people of the Kurdistan Region, according to our capabilities." He added, "However, I am optimistic about reaching a radical solution with the federal government on this matter." link

TIDBIT FROM KAPERONI

Kaperoni

There is no significant RV of the Iraqi dinar. A currency value can definitely go up, but its value is the result of an increase in economic success and GDP.

Iraq has been working over the last several years to reintegrate its banking system in the global financial system.

Such steps will encourage investment, rebuilding of infrastructure, diversifying revenue away from oil. This is how an economy prospers.

Half a year without an actual budget... Where have the government's plans gone

Half a year without an actual budget... Where have the government's plans gone

Amid the financial and economic challenges facing the country, the 2025 budget file continues to stir controversy within political and parliamentary circles, amid a state of anticipation and growing public concern.

Despite more than half a year having passed since the start of the fiscal year, the budget schedules remain absent from the halls of Parliament, reflecting a state of government confusion and a lack of seriousness in dealing with one of the country's most important financial and strategic issues. This delay comes at a time when the Iraqi public is witnessing increasing pressure to improve services, implement stalled projects, and meet citizens' basic needs.

Meanwhile, the ambiguity surrounding the date for submitting the schedules is paralyzing the legislative and oversight process concerned with setting priorities and ensuring the fair and efficient distribution of resources.

* Violation of laws
and regarding this issue, member of the Parliamentary Finance Committee, Hussein Mounes, confirmed that the government is still not serious about sending the budget tables to the House of Representatives.

In an interview with Al-Maalouma News Agency, Mounes said, “The government violated the Financial Management Law by delaying the submission of the 2025 general budget schedules, considering this a disregard for the role of the House of Representatives and its oversight and legislative work.”

He added, "The Iraqi government is not serious about sending the tables to the House of Representatives, expressing his surprise at the government's failure to send the budget law tables to the House, despite six months having passed since the start of the fiscal year." link

BRUCE UPDATE

Tues. 24 June 2025 Bruce

On Mon. 23 June the rate on the Riel was over $3.
On Tues. 24 June Redemption Center screens showed 9 new rates as solid, with 15 more to go.
A Source said that on Thurs. 26 June “we would be smiling.” Several sources said in another couple of days we would be getting notification. Another source said we would be notified late Thursday 26 June.
As of Tues. evening 24 June Bond Holders were flying into Reno and say they will have access to their funds on 


Thurs. or Friday.
Redemption Centers have higher rates than if you exchange at a bank.
The Contract Rate on the Iraqi Dinar was in the mid $90.
NESARA should be announced and started by Fri. July 4.