"IRAQI DINAR NEARS OFFICIAL RATE AS MARKET STABILIZES."
"Iraq's national currency, the dinar, is showing strong signs of recovery, with the market rate steadily approaching the official exchange rate of 1,320 IQD to the US dollar.
After a turbulent period of volatility and speculation, this shift signals something deeper than a temporary market correction - it's the product of deliberate government action, changing trade behaviors, and a structural shift in how Iraqis interact with money.
The Iranian parliament approves removing four zeros from the currency.
MP Fathallah Tavasoli, a member of the Iranian parliament's economic committee, announced the committee's approval of a bill to remove four zeros from the national currency.
Tosoli explained that this project, submitted by the government, was approved after addressing the comments and in agreement with the governor of the Central Bank, the Ministry of Economy, and the relevant committee.
The Economic Committee stated that this step aims to facilitate transactions, and that the project's details are currently being amended to comply with other laws.
In May, the governor of the Central Bank of Iran, Mohammad Reza Farzin, stated that removing four zeros from the national currency "represents a priority in the country's monetary reform plan for the current year 2025."
Removing zeros from a currency is a financial procedure in which the circulating currency is replaced by a new one with a reduced nominal value, with specific zeros removed from its denominations (for example, when six zeros are removed, every million units of the old currency become equivalent to one unit of the modified currency).
This measure is usually taken to enhance financial credibility, restore monetary confidence, regulate exchange markets, and combat inflation. link
🇮🇶 CBI Governor Alaq reports Q1 inflation is under control, signaling strong economic management. 💰 Frank26 says Iraq now has everything in place
to increase the value of the dinar
— all tools and conditions are ready. 📰 Saleh (Iraqi advisor) appears on TV, stating that Iraq's financial position is stable and secure, despite regional turmoil. 🛡️ Frank’s take:"Security and stability were born… now let them walk." The stage is set.
💥🇮🇶 Iraq Wipes Out 87% of Its Foreign Debt – Legal & Financial Victory!
🏦 Rafidain Bank announced a major milestone: ✅ 87% of Iraq’s external debt has been settled 🤝 Achieved through high-level legal and financial negotiations
🌍 Boost global confidence in Iraq’s financial governance
📉 Bring the country closer to final debt resolution
🟢 Iraq is laying the financial foundation for long-term stability, investment, and economic sovereignty!
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A state-owned bank announces the settlement of 87% of Iraq's external debt.
Rafidain Bank announced on Wednesday that it had achieved "substantial" progress on its foreign debt portfolio, settling approximately 87% of total international obligations through high-level financial and legal negotiations, resulting in a significant reduction in the volume of foreign debt.
The bank said in a statement today, "In the context of Iraq's commitment to the Paris Club Agreement, and with the direct approval of the Council of Ministers, the bank concluded major negotiated settlements with Dutch and French creditor companies, the most prominent of which was: Cabinet Resolution No. (403) of 2025: Settlement of three lawsuits filed by Dutch companies with a concession rate in favor of the bank exceeding 90% of the value of those claims.
The statement explained that "the bank has achieved significant legal successes abroad, most notably winning lawsuits in Turkey and Lebanon, enabling it to recover more than $2.8 million, reflecting the competence of its legal apparatus and its ability to defend the state's rights before international courts."
The bank affirmed in its statement that it "continues its efforts to close the remaining issues through final settlements, which will strengthen Iraq's sovereign rating and consolidate international confidence in its financial stability and commitment to sound financial governance." link
☕ Thursday Coffee Highlights Key Takeaways from MarkZ's stream (Note: These are opinions and rumors – not financial advice):
🔹 Trump’s August 1st comment has sparked speculation – some believe a major announcement (possibly RV-related) could be coming. 🔹 Bond contacts are having meetings, and MarkZ is feeling optimistic, suggesting we may be at the tail end of the process. 🔹 Rumors about lower denominations being out and a dinar rate of $5.41
were mentioned – but MarkZ cannot confirm. 🔹 Iraq’s oil capacity could double or triple, and they’ve received a new pipeline agreement draft
🔹 Iran’s currency reforms (dropping zeros) are still in early stages, with no immediate changes expected. 🔹 Ongoing frustration: many are asking why the RV hasn't happened yet, but MarkZ believes “it’s all coming together,” just slower than hoped.
🙏 Community remains hopeful and thankful, even during quiet news days. 🎧 Replay includes additional info from guest StacieZ.