Iraqi Dinar (IQD) Update: Official & Parallel Rates Near Parity! 🚨

  Iraqi Dinar (IQD) Update:

Official & Parallel Rates Near Parity!  

Is a Major CBI Rate Change on the Horizon? As of July 1, 2025, at 6:53 PM AEST, the Iraqi Dina r’s official and parallel market rates are closer than ever, signaling potential seismic shifts in Iraq’s monetary policy. Let’s break it down with the latest data and what it means for Iraq’s economy.

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Latest Rates - Official Rate (Xe): 1 USD = 1,309.9950 IQD (1 IQD = 0.0007634 USD), sourced from Xe’s live currency converter, reflecting the Central Bank of Iraq’s (CBI) tightly controlled rate. - Parallel Market Rate: 1 USD = 1,315.00 IQD (1 IQD = 0.0007605 USD), based on a selling price of 131,500 IQD per $100 USD reported by @IraqMarketPulse on X (July 1, 2025, 14:30 AEST), with @BaghdadTrader noting a similar trend in Baghdad’s street markets.

The Gap is Shrinking! The difference between the official and parallel rates has plummeted to just 5.0050 IQD/USD, a mere 0.38% premium over the official rate. Compare this to June 17, when the gap was 128.96 IQD/USD (9.84% premium), or even earlier at 125.01 IQD/USD (9.54% premium) on June 18. In USD terms, the parallel market now values the IQD at a 0.38% discount (0.0000029 USD/IQD), down from 8.71% just two weeks ago. This is the tightest spread we’ve seen in recent history, bringing the rates tantalizingly close to parity. But what’s driving this convergence, and could it signal a major CBI policy shift?

WOLVERINE: CONFIRMED , WE ARE CLOSE: Everything is ready and in place!!#iraqidinar #iqd #iraq

 

TRUMP: WE WILL MEET WITH THE IRANIANS NEXT WEEK AND WE MAY REACH AN AGREEMENT.

TRUMP: WE WILL MEET WITH THE IRANIANS NEXT WEEK AND WE MAY REACH AN AGREEMENT.

 
US President Donald Trump ruled out on Wednesday (June 25, 2025) the desire of Israel and Iran to return to war. Trump said in a press statement: “I do not believe that either Israel or Iran will attack the other after today.”

He added, “Last week, we carried out a very precise and successful attack on Iran’s nuclear facilities,”  stressing, “We have a great military, and our attacks in Iran demonstrated the power of American deterrence.”

Trump indicated that “the massive deployment of American power paved the way for peace.” He continued, “According to a statement by the Israel Atomic Energy Commission, the attacks succeeded in setting back Iran’s nuclear program for years.”

The US president criticized “the fake media in the United States that question the results of our strikes in Iran,” noting that “30 missiles were launched from American submarines during our attack and accurately destroyed their targets in Iran.”

TIDBIT FROM MARKZ: We are seeing real measurable movement!!

 MarkZ  

 [via PDK] 

 I know 2 people (...one personally) who have Super Petchelli bonds - that have appointments later on today... Another with historic assets has traveled and is in place for the transaction. 

To walk in…trade assets and walk out with dollars.

 We are seeing real measurable movement. 

Questions:  With all the sudden bond movement, what do you think that gives us a timeline for. ..us...Is this the week we have been waiting for? 

 MarkZ:  I hope so…seems like some odd things are coming together.

 The government and banks in Iraq will be closing on both Tuesday  and Sunday this week. Banks say they are taking a “bankwide inventory”.

 This was announced unexpectedly.  My people on the ground in Iraq are excited.  This is a golden opportunity for a rate change in my book.

SUMMARY: Dinar: Dr. Shabibi answering revaluation and redenomination questions #iqd

 

Tuesday Coffee with MarkZ. 07/01/2025

 Tuesday Coffee with MarkZ. 07/01/2025

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Morning- It’s a new month, and new quarter. Let's see a ReValue.

Member: Happy Canada Day for ll the Canadians here. 

Member: Good Terrific Tuesday……What’s the good new Mark?

MZ: I know 2 people (I know one personally) who have Super Petchelli bonds -that have appointments later on today. They have actually traveled there and have meetings set. 

MZ: Another with historic assets has traveled and is in place for the transaction. To walk in…trade assets and walk out with dollars. 

MZ: We are seeing real measurable movement. 

Member: With all the sudden bond movement, what do you think that gives us a timeline for group 4B or us whatever you wanna call us lol

Member: Is this the week we have been waiting for?

MZ: I hope so……seems like some odd things are coming together. The government and banks in Iraq will be closing on both Tuesday  and Sunday this week. Banks say they are taking a “bankwide inventory”. This was announced unexpectedly. My people on the ground in Iraq are excited.

MZ: This is a golden opportunity for a rate change in my book. 

Member: and the US has a 3 day weekend with the 4th of July on Friday. Iraq correlates with our 4th of July weekend

Member: So is it true the Dinar is on Forex and Bloomberg at this point? Yes still at 1310 but being up and live for the first time in 22 years would be an incredible preemptive step towards the RI and REER!

MZ: I know there are lots of rumors out …and yes we have seen some crazy rates popping again overnight last night. A systems test of some sort???

Member: Global gold reserves from central banks just hit 36,000 tonnes. This is approaching levels not seen since the Bretton Woods era in the 1960s.

Member: The Ministry of Trade announced plans on Saturday to develop infrastructure by digitizing services to accelerate trade and reduce costs.

Member: When the RV goes and currencies are asset backed including USA, wouldn't they all be 1:1?

Member: Eventually they will…according to Mr. C. First they revalue…..then they reset to parity? 

MZ: “A new development in the payroll file” Today Kurdistan dues are awaiting federal government vote. This could be a huge move in settling the HCL, oil and gas law ect….which we keep hearing is a final step before values change. 

MZ: “Inflated bills and dollar smuggling continues despite American controls. Expert calls for exceptional measures” I think it may be an excuse to close the financial borders…stop anything coming and going from the country. We were told this would happen right before the change... yes- they have mechanisms in place to close the financial borders. 

MZ: “Banking activity stopped in Iraq”  stopped on Tuesday for semi annual bank procedures. No reception of customers….this sudden inventory is odd. 

 Member: Just RV already and let the good times roll!!!!!

Member: thanks Mark and Mods…..seems are hearing up this week. Praying this is finally “it”

Member: Everyone enjoy your day. 

The mushroom ladies are on stream today. Please listen to the replay for their information

TIDBIT FROM PIMPY: "As the Israel-Iran War concludes, the U.S. Moves to Reset Iraq's Political Order"

 Pimpy 

 Article: "As the Israel-Iran War concludes, the U.S. Moves to Reset Iraq's Political Order" 

 That guys that was in their Supreme Court that's causing all kinds of problems, he was finding cases in favor of Iranian-backed situations, causing a lot of tension in the Middle East, that person has been removed...

One of the things I spoke about over the years is Iraq can never get their crap together because of the Iranian influence.  If you can remove that influence, I really believe Iraq could flourish...