Wednesday, July 2, 2025
TRUMP: I WILL MEET WITH THE IRANIANS NEXT WEEK AND MAY ASK FOR A PLEDGE THAT IRAN WILL NOT RESUME ITS NUCLEAR ACTIVITY.
TRUMP: I WILL MEET WITH THE IRANIANS NEXT WEEK AND MAY ASK FOR A PLEDGE THAT IRAN WILL NOT RESUME ITS NUCLEAR ACTIVITY.
US President Donald Trump announced that he will meet with Iranian officials next week, and may ask for a pledge that Iran will not resume its nuclear activity.Trump said in a press conference: “Iran fought a brave war, and the Iranians want money to rebuild their country, and China can buy oil from them.”
He added: “We hit Iran hard before it could move any nuclear materials from the facilities we bombed.” Trump continued:
“The war is over and we will meet with the Iranians next week, and I may ask Iran for a pledge not to resume its nuclear activities.”
(It would be very sad if the regime is not changed. This would be a “grave” mistake! Let’s pray that God’s will is done whatever happens.)
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. 
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. -----
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? 
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.
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