Revealing The Cause Of The Economic Recession In Iraq And The Dollar's Connection To It

  Revealing The Cause Of The Economic Recession In Iraq And The Dollar's Connection To It

 
Time: 2025/07/23 20:29:01 Reading: 930 Times
 {Economic: Al-Furat News} Economic researcher Ahmed Abd Rabbo    revealed that the decline in the dollar exchange rate in local markets,  although an indicator of economic and Iraqi dinar recovery,   comes amid an economic recession primarily due to the  failure to approve the budget and the   decline in oil prices.  Abd Rabbo warned, in a statement to {Al-Furat News}, that:
 
"The current recession is mainly caused by the failure to approve the budget and the  decline in oil prices,  which could significantly increase the fiscal deficit," warning that "the fiscal deficit could rise to  85 trillion Iraqi dinars, according to current indicators."  

Abdul Rabbo pointed out that  "there are significant efforts by monetary policy that  are not limited to the dollar exchange rate alone, but also include  supporting borrowing and  stimulating the market,
 
including the "Baghdad Pulse" initiative and others,  all of which aim to support the civilized image of the capital and the economy."

 He explained that "those who control the price of oil are external factors subject to wars and demand, and  therefore price fluctuations negatively impact Iraq." 

The economic researcher stressed that "maximizing non-oil revenues is something that must be achieved,"  expressing his "regret for the lack of a genuine will to support the country's   agricultural and    industrial sectors."  
  
https://alforatnews.iq/news/كشف-سبب-الركود-الاقتصادي-في-العراق-وصلة-الدولار-به 

MARKZ: "Optimism Builds as Bond Holders Travel and Key Financial Milestones Are Met"

EXCERPTS FROM MARKZ

Note: All opinions shared are personal and not financial advice.

MarkZ discussed ongoing optimism in the currency and bond investment community. While he couldn't share specific details, he confirmed that some bond holders have traveled for meetings, including some happening today in Europe.

 These individuals are reportedly positive and under confidentiality.

There was speculation from listeners about the 30% threshold being met, and whether the historic bonds being processed include Zim bonds. 

MarkZ clarified these are historic bonds, and Zim is expected to be redeemed when the currency revaluation (RV) happens.

Rumors suggest a potential dinar rate of $4.40, but MarkZ emphasized the official rate remains around 1300 IQD to 1 USD. His sources expect a revalued rate closer to $3.80–$4.00.

One significant development: Kurdistan has officially received salary funds for May, marking a key financial milestone in Iraq, seen as a positive sign for progress.

Listeners expressed hope for RV-related activity over the coming weekend, referencing a visit by former President Trump to the new Federal Reserve headquarters.

StacieZ joined the stream, and listeners are encouraged to replay the video for her full update.

"Massive Shift Incoming: Iraqi Dinar Nears 1-to-1 as U.S. Banks Brace for Impact!" @DINARREVALUATION

Through 5 Factors, Iraq Aims To Bring The Dollar Exchange Rate To "Conformity"

 Through 5 Factors, Iraq Aims To Bring The Dollar Exchange Rate To "Conformity"

 
Energy and Business     breaking   2025-07-22 Shafaq News – Baghdad Financial and economic advisor to the Prime Minister, Mohammed Shia al-Sudani, revealed on Tuesday five factors that  could help narrow the gap between the  official dollar exchange rate and its  parallel market price,  potentially leading to "convergence" between the two rates. 

The official exchange rate of the dollar,   approved by the Central Bank of Iraq,  is 132,000 dinars per $100. Meanwhile,  the parallel market exchange rate has   approached 139,000 dinars over the past two days  in Baghdad and the Kurdistan Region, representing  a gap the government is seeking to bridge. 

 Mazhar Mohammed Saleh told Shafaq News Agency, "The decline in the value of the dollar on the parallel market, in favor of the Iraqi dinar, and its approach to the official rate, is due to several reasons and factors, the first of which is the  ban on dealing in dollars domestically,  especially in the real estate sector,  which constituted a major deterrent to the phenomenon of dollarization."  He added,
 
"The second factor is the shift to a policy of foreign exchange bolstering through international correspondent banks, which handled foreign transfers after the  Central Bank's window ended at the beginning of this year,  reducing the risk of resorting to high-cost informal financing."  Saleh continued,
 
"The entry of small importers into the formal financing system and   their reliance on a fixed exchange rate for external transfers, which constitutes approximately 60% of total foreign trade, is the third factor in narrowing the gap."  

He pointed out that "the fourth factor is the expanding culture of using electronic payment cards in foreign currency among travelers,  which has eased the pressure on demand for cash dollars, in addition to  facilitating travelers' access to their dollar share through airports, subject to clear controls."
 
The fifth factor, according to Saleh, is "the price defense policy through the expansion of cooperatives for consumer goods and building materials,  financed by imports calculated at the official exchange rate of 1,320 dinars per dollar,  reflecting the integration of monetary, fiscal, and trade policies within the government program." 
 
The financial advisor concluded his statement by saying,  "The fact that the difference between the official and parallel rates is approaching less than 4%  indicates that we have entered the convergence phase, as    this difference represents only the cost of transactions."      https://shafaq.com/ar/اقتصـاد/عبر-5-عوامل-العراق-يستهدف-الوصول-بسعر-الدولار-لى-مرحلة-التطابق 

Thursday Coffee with MarkZ. 07/24/2025

 Thursday Coffee with MarkZ. 07/24/2025

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…. Maybe we will get lucky and our notifications will come out this coming weekend

Member: I quit watching Soap Opera's decades ago and now I am living in one.... shm

Member: We could sure use some good news today

Member: Mark, what happened to all the bond people who were given money to travel?

MZ: That’s part of what I cannot talk about. Lets just say a number of them traveled. They are now extremely positive and won’t talk about what happened. Some traveled this week and have meetings today. One meeting starts very soon in Europe.  I hope I am able to share this update. 

Member: I hope those that traveled put us at the 30% requirement.

Member: The Bonds are going soon then the currency? Does these bonds mean the Zims?

Member: These are historic bonds…..Zim is supposed to go when currencies go……imo

Member: There are rumors the dinar rate is $4.40

MZ: The rate has not changed yet. The official rate is still around 1300 to $1 USD. Most of my sources still believe the rate will be around $3.80 to $4.00    We will see. 

Member: Guess no Christmas in July this year.

MZ: I still think Christmas in July is very reasonable. 

MZ: “ Kurdistan finances announces the receipt of the salaries of the regions employees for the month of May”   We now know it has officially happened and the money is where it needs to be. This is a major breakthrough. 

Member: Pres. Trump tours the new Federal Reserve headquarters today……Maybe something happens after that?

Member:  Is it to early to know if redemption folks are working this weekend??

Member: when a kid gets in the car to go to Disneyland on family vacation cross country they soon begin to say "are we there yet?" .. We're in the car headed to RV & we'll be there soon kids . . lol

Member: We are almost there folks! Hang on …it is a crazy ride!

 Member: Thanks Mark and mods… ..I do appreciate you very much for all you do. Thank you.

StacieZ joins the stream today. Please listen to the replay for her information. 

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 )https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL  TUESDAY THROUGH THURSDAY EVENINGS FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

WALKINGSTICK: It’ll All Be Done by End of Q2 — The Countdown Is On! ⏳💥 #IraqiDinar #IQD"

 

THE US HAS STOPPED SENDING CASH DOLLARS TO IRAQ. IS THIS THE BEGINNING OF A BLOCKADE?

THE US HAS STOPPED SENDING CASH DOLLARS TO IRAQ. IS THIS THE BEGINNING OF A BLOCKADE?

Private sources confirmed that the United States has decided to completely halt cash dollar shipments to Iraq, a move described as potentially the beginning of a “financial blockade” on some Iraqi banks involved in currency smuggling and money laundering.

(The operative word is “completely” not just to some banks. This will force getting off the sole peg to the US dollar. Do you see the strategy Iraq is playing out here? They desperately need to get off this peg and to a “basket” of currencies the IMF already has lined up to use.)

According to a source who spoke to Al-Mustaqilla on condition of anonymity,   Washington’s decision does not pertain to Iraq as a country, but rather targets specific banks suspected of involvement in suspicious dollar transfers to countries subject to international sanctions. This has angered the US Treasury, prompting it to tighten controls on dollar movement within the Iraqi market.

Sudden drop in exchange rate after the decision

Remarkably, the US decision coincided with a significant decline in the dollar exchange rate in the Iraqi market. Experts interpreted this as a natural consequence of the restrictions on the circulation of cash and the prevention of its smuggling abroad. This led to an increase in supply in the local market and a temporary decline in its price.

The source indicated that this step represents a major shift in cash liquidity management in Iraq , making it difficult for suspicious entities to continue smuggling or manipulating the currency market.

(The US has blocked dollars before but this time to EVERY bank in Iraq and Iraq as a whole. I look at this as the final nail in the coffin for the parallel market. We should see the Iraq dinar rise to very close to 1100 very soon. We would like to see a target of 1000. Do you know why? )