Monday, December 22, 2025
Iraqi state-owned banks suspend operations until the beginning of next year
Iraqi state-owned banks suspend operations until the beginning of next year
Iraqi state-owned banks will begin their annual inventory and audit procedures this week, which will halt their operations until the beginning of next year.
An informed source told Shafaq News Agency that "this step comes to pave the way for settling accounting holds and preparing the statistics and financial data for the past year," noting that "the work will include not promoting banking service requests and temporarily halting all banking activities during the inventory period, and this procedure is carried out annually."
The source confirmed that "banks will resume their normal operations and begin promoting banking transactions and services at the beginning of next year after completing the inventory and auditing procedures in accordance with the approved regulations link
SANDY INGRAM: 🏦 Iraqi Dinar Outlook: Central Bank of Iraq Confirms Monetary Tightening and Reduced Currency Supply
🔎 Summary
The Central Bank of Iraq (CBI) has officially confirmed a 5.5% decline in the Iraqi dinar (IQD) currency issued during Q3 2025, reducing total circulation to 99,681 billion IQD (≈ $76.1 billion USD). This strategic contraction of the money supply signals serious monetary discipline, aimed at controlling inflation, strengthening price stability, and laying the foundation for long-term currency value growth. While this does not signal an immediate revaluation, it represents a critical step toward a stronger and more credible Iraqi dinar.
🇮🇶 Central Bank of Iraq Reduces Currency in Circulation
According to official Central Bank of Iraq data, Iraq has deliberately reduced the amount of Iraqi dinars in circulation by 5.5% during the third quarter of 2025.
Key Data Snapshot
Total IQD in circulation: 99,681 billion dinars
Equivalent USD value: ≈ $76.1 billion
Quarter: Q3 2025
Policy type: Monetary tightening
This is not speculation, media hype, or rumor. It is a confirmed, data-backed policy decision by Iraq’s central monetary authority.
💡 Why Currency Reduction Is a Positive Signal for IQD
1️⃣ Currency Scarcity Increases Value
Hard-to-obtain currencies historically hold higher purchasing power. By reducing the supply of dinars, Iraq is increasing scarcity—one of the most important prerequisites for currency strength.
2️⃣ Inflation Control and Price Stability
Inflation occurs when too much money chases too few goods. Pulling dinars out of circulation protects citizens’ purchasing power and stabilizes domestic prices.
3️⃣ Strong Central Bank Discipline
This move demonstrates that the CBI is:
Enforcing tighter controls
Preparing for global financial integration
Strengthening banking oversight
Aligning with international monetary standards
🌍 Global Precedent: The Kuwait Example
The video highlights Kuwait, which implemented similar monetary tightening measures approximately three years before its currency became one of the strongest in the world.
This shows:
Currency strengthening is gradual
Tightening comes before, not after, appreciation
Discipline and patience are key
Iraq appears to be following a tested global model, not experimenting blindly.
⏳ Timeline of Key Developments
| Timeframe | Event | Significance |
|---|---|---|
| Q3 2025 | 5.5% reduction in IQD issued | Confirms monetary tightening |
| Ongoing | Inflation control measures | Protects purchasing power |
| Historical (Kuwait) | Pre-tightening phase | Proven currency success model |
| Future | Potential IQD appreciation | No fixed timeline, foundations being built |
⚠️ Important Reality Check: No Immediate Revaluation
While this policy sets the stage for future valuation improvements, it does NOT mean:
No overnight revaluation
No instant profits
No fixed RV date
What it does mean:
Iraq is building a strong financial foundation
Long-term confidence is increasing
The IQD is being positioned for credibility, not hype
📊 Core Concepts Explained
What is Monetary Tightening?
Monetary tightening refers to central bank actions that reduce money supply to control inflation and stabilize an economy.
Why Does Currency Scarcity Matter?
Scarcer currencies tend to retain value better and are less vulnerable to inflationary pressure.
Who Controls the Iraqi Dinar?
The Central Bank of Iraq (CBI) is solely responsible for managing currency supply, inflation control, and monetary policy.
❓ Q&A – Frequently Asked Questions
❓ Is the Iraqi dinar being revalued now?
No. The current actions are preparatory, not an announcement of immediate revaluation.
❓ Why is reducing dinars good for investors?
It shows discipline, inflation control, and long-term planning, which are essential for currency strength.
❓ Is this official information?
Yes. The data comes directly from CBI reports, not speculation.
❓ Can this lead to a stronger IQD?
Historically, countries that control supply and inflation improve currency credibility over time.
🔔 Key Highlights
✅ CBI confirms a 5.5% reduction in IQD circulation
✅ Total dinars drop to 99,681 billion IQD
✅ Policy aims to control inflation and stabilize prices
✅ Aligns Iraq with global financial norms
✅ No immediate RV, but strong long-term groundwork
🧠 Final Thoughts: A Strategic Turning Point
The Central Bank of Iraq’s decision to pull dinars out of circulation marks a clear shift toward serious monetary governance. This disciplined, data-driven approach mirrors successful strategies used by other strong-currency nations. While patience is required, the foundation for future IQD strength is being carefully built—step by step, not through speculation, but through verified policy action.
🌐 Official Links & Community
🔗 Blog:
https://dinarevaluation.blogspot.com/
📢 Telegram:
https://t.me/DINAREVALUATION
📘 Facebook:
https://www.facebook.com/profile.php?id=100064023274131
🐦 X (Twitter):
https://x.com/DinaresGurus
📺 YouTube:
https://www.youtube.com/@DINARREVALUATION
🔥 Hashtags
#IraqiDinar #IQDUpdate #CentralBankOfIraq #CBI #DinarNews
#CurrencyScarcity #MonetaryPolicy #InflationControl
#IQDInvestment #GlobalFinance #EconomicReforms
#DinarRevaluation #MiddleEastEconomy #ForexNews
Summary
The video discusses recent developments regarding the Iraqi dinar (IQD) and its currency valuation outlook based on official data from the Central Bank of Iraq (CBI). The CBI reported a 5.5% decline in the currency issued during Q3 of 2025, with the total currency in circulation falling to 99,681 billion Iraqi dinars (approximately 76.1 billion USD). This contraction in the money supply is a deliberate effort by Iraq to reduce inflationary pressures and maintain price stability.
The reduction in currency circulation is a significant positive signal for IQD investors**, as it reflects tightening monetary policy and financial discipline by the Iraqi government. This move aligns with practices seen in other countries that have successfully strengthened their currencies by making them scarcer and more controlled. The video emphasizes that this is not mere speculation or media hype but a confirmed, data-backed action from the central bank.
Currency Scarcity Increases Value: Hard-to-obtain currencies tend to hold higher value. By reducing the amount of Iraqi dinars in circulation, Iraq is making its currency scarcer, which is a crucial step towards strengthening the IQD.
Inflation Control: Reducing the supply of dinars helps lower inflation by protecting the purchasing power of the currency. Inflation arises when too much money circulates, causing prices to rise.
Central Bank Discipline: The move to pull dinars out is a sign of serious monetary discipline and preparation for tighter financial control, stronger banking systems, and integration with global financial markets.
Long-Term Planning: This is a strategic, long-term adjustment rather than a short-term fix or political maneuver. It denotes confidence in economic reforms, oil revenue management, and future economic stability.
Precedent from Other Countries: The video references Kuwait, which underwent similar monetary tightening three years before its currency became one of the world’s highest ranking.
No Immediate Revaluation: While this currency tightening sets the stage for potential future valuation increases, it does not guarantee instant gains or immediate revaluation of the IQD.
Core Concepts
| Concept | Explanation |
|---|---|
| Currency Scarcity | Making a currency less available to increase its value and purchasing power. |
| Inflation | The rise in prices caused by an excess supply of money, reducing the currency’s purchasing power. |
| Monetary Tightening | Central bank actions to reduce money supply to control inflation and stabilize the economy. |
| Central Bank Role | Responsible for managing the currency supply and maintaining economic stability. |
| Currency Revaluation | An official increase in the value of a currency relative to others. |
| Economic Reforms | Structural changes to improve economic stability and growth prospects. |
Timeline Table
| Timeframe | Event/Action | Significance |
|---|---|---|
| Q3 2025 | CBI reports 5.5% decline in currency issued | Reduction to 99,681 billion IQD in circulation |
| Past (Kuwait example) | Currency tightening before becoming a high-value currency | Shows precedent and potential for IQD |
| Current/ongoing | Iraq tightens money supply and limits inflation | Indicates serious monetary discipline and planning |
| Future (Not specified) | Potential for IQD revaluation due to stronger foundations | No immediate revaluation, but groundwork laid |
Highlights
- The Central Bank of Iraq is actively reducing Iraqi dinars in circulation, signaling a disciplined approach toward monetary policy.
- This reduction is expected to curb inflation and maintain price stability.
- The move is a strategic, long-term plan that aligns Iraq with global financial norms.
- Currency scarcity is a key factor in increasing currency value, which benefits IQD investors.
- This policy signals confidence in Iraq’s economic reforms and oil revenue management.
- Immediate currency revaluation is not expected, but the foundation for future improvements is being established.
Conclusion
The video provides a clear and credible update on the economic direction of Iraq’s currency policy, underscoring the importance of reducing the Iraqi dinar in circulation as a means to combat inflation and prepare the currency for future strength. This is a central bank-driven, data-verified move that reflects financial discipline and long-term economic planning, putting Iraq on a path similar to other countries that have successfully enhanced their currency values through controlled money supply. IQD investors should view these developments as positive signals, though gains will materialize gradually as the economic foundation is rebuilt.
Sunday, December 21, 2025
Jeff: December 20th, a Historic Currency Window & Why the CBI Can Act Independently
According to analyst Jeff, the weekend of December 20th carries special historical significance for Iraq’s currency—and that timing is not being overlooked.
Jeff draws a direct comparison between December 20, 2025, and a key monetary event from the past, while also reinforcing a crucial point many investors still misunderstand: the Central Bank of Iraq (CBI) is fully autonomous.
This autonomy fundamentally changes how—and when—currency decisions can be made.
A Historical Parallel: December 20 Then and Now
Jeff begins by highlighting an important coincidence:
“This weekend right here, this weekend of December 20th, is the same historical weekend when Iraq changed their rate and devalued the currency back on Sunday, December 20, 2020.”
While history does not repeat exactly, Jeff suggests it often rhymes.
The relevance lies in:
Familiar calendar timing
Established CBI operational patterns
Historical precedent for weekend rate action
This makes the current period symbolically and strategically important.
The Central Bank of Iraq: Fully Autonomous
One of Jeff’s strongest points centers on CBI independence.
“The Central Bank of Iraq is autonomous.”
Autonomy means:
Independent monetary authority
Separation from political processes
Freedom to act based on economic conditions
This independence is a cornerstone of modern central banking.
CBI vs. Government: Who Controls the Exchange Rate?
Jeff clarifies a common misconception:
“They don’t need anything from the government to change the rate other than maybe like a mutual agreement.”
Key takeaways:
The CBI does not need a fully seated government
Elections do not block monetary action
Political transitions do not halt rate decisions
Rate Changes Can Occur During Elections
Jeff emphasizes a point that often surprises investors:
“They could do it while we’re in the middle of this election period…because the CBI is completely autonomous.”
This means:
Monetary policy does not pause for politics
Exchange rate adjustments can happen at any time
Timing depends on readiness, not elections
Why This Matters Right Now
With Iraq currently navigating:
Political transitions
Parliamentary timelines
International integration
The CBI’s autonomy ensures that monetary reform is not hostage to politics.
This separation:
Builds international trust
Protects currency credibility
Aligns Iraq with global financial norms
Autonomy as a Signal of Maturity
An independent central bank signals:
Institutional strength
Economic discipline
Readiness for global markets
Jeff’s commentary reinforces the idea that Iraq’s financial institutions are operating at an international standard.
Featured Snippet: Key Insight
Jeff notes that December 20 marks a historically significant window for Iraq’s currency and emphasizes that the autonomous Central Bank of Iraq can change the exchange rate independently of government or election timelines.
Q&A: Jeff’s Key Points Explained
Q: Why is December 20 significant?
A: It matches the historical weekend when Iraq adjusted its currency rate in 2020.
Q: Does the CBI need the Iraqi government to change the rate?
A: No. The CBI is autonomous and can act independently.
Q: Can the CBI change the rate during elections?
A: Yes. Elections do not restrict CBI authority.
Q: Why is CBI autonomy important?
A: It ensures stable, politically independent monetary policy.
Final Thoughts: Timing, Authority & Readiness
Jeff’s analysis brings attention to two critical truths:
Timing matters—history provides context
Authority matters more—the CBI controls monetary action
As Iraq moves toward its next economic phase, the independence of its central bank remains one of the strongest indicators of credibility and readiness.
The calendar may be symbolic—but autonomy is decisive.
Follow & Join Our Global Community
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https://dinarevaluation.blogspot.com/
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https://t.me/DINAREVALUATION
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Jeff
This weekend right here, this weekend of December 20th, is the same historical weekend when Iraq changed their rate and devalued the currency back on Sunday, December 20, 2020. This is that same historical period.
The Central Bank of Iraq is autonomous. That means they can change the rate separately from the government of Iraq whenever they want to.
They don't need anything from the government to change the rate other than maybe like a mutual agreement ...They don't even need the government to be done and completed. They could do it while we're in the middle of this election period...because the CBI is completely autonomous.
THE IRAQI AND AMERICAN FOREIGN MINISTERS DISCUSS GOVERNMENT FORMATION AND REVIEW REGIONAL CHALLENGES
THE IRAQI AND AMERICAN FOREIGN MINISTERS DISCUSS GOVERNMENT FORMATION AND REVIEW REGIONAL CHALLENGES
Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein discussed with US Deputy Secretary of State Michael Regas on Tuesday joint cooperation in various political, economic and security fields and the regional and international challenges facing the region. While stressing the need to expedite the formation of the federal government, Hussein called for a review of travel warnings to Iraq.
This came during Fuad Hussein’s reception of the US Deputy Secretary of State in Baghdad, where the meeting discussed ways to strengthen bilateral relations between Iraq and the United States, and to follow up on frameworks for joint cooperation in various political, economic and security fields.
According to a statement issued by the Iraqi Ministry of Foreign Affairs and received by Shafaq News Agency, the meeting included a review of “regional and international challenges facing the region, including efforts to achieve stability, the need to support dialogue, with a focus on the situation in Syria and Iran, and the importance of working to reduce tension and build understanding to enhance security and stability in the region.”
Hussein emphasized the importance of de-escalating regional tensions, stressing Iraq’s role in supporting stability efforts. He also reviewed the political developments following the elections.
He stressed “the need to expedite the formation of the federal government in accordance with constitutional timelines, while taking into account the balance between political forces to ensure the regularity of the democratic process and the activation of parliament and government, in a way that contributes to the efficient and effective implementation of government programs.”
Hussein also praised the positive atmosphere that prevailed during the elections and the high voter turnout, stressing the importance of continued political stability in the country.
He pointed to the imminent opening of the US consulate in Erbil, and what it represents in terms of strengthening diplomatic cooperation between the two countries, while stressing the need to reopen the US consulate in Basra Governorate.
Hussein stressed the importance of “continued coordination between Iraq and the United States, and continued cooperation in the areas of economy, infrastructure and investment, in order to promote development and support the return of American companies to invest in Iraq.”
He also called for a review of travel warnings to Iraq, given the security stability the country is experiencing, and for facilitating investment opportunities.
For his part, Michael Regas expressed the United States’ appreciation for the progress Iraq has made in promoting stability and security, stressing his country’s support for efforts in this area.
He pointed to the importance of continued regional and international coordination to address economic, political and security challenges, stressing the importance of working within a positive bilateral relationship with the Iraqi government.
Sandy Ingram: Western IQD Investors, Syria’s Influence & Iraq’s Currency Path Forward
In a candid and thought-provoking commentary, Sandy Ingram addresses one of the most overlooked realities surrounding the Iraqi dinar: Western IQD investors remain a significant challenge for Iraq and the Central Bank of Iraq (CBI).
At the same time, Sandy highlights a geopolitical truth that many investors have never fully understood—Syria plays a more critical role in Iraq’s economic stability and future than Iran does.
Together, these insights help explain why Iraq’s currency reform is complex, cautious, and deeply connected to regional dynamics.
Western IQD Investors: An Ongoing Challenge
Sandy Ingram begins with a direct acknowledgment:
“We, us, IQD investors in the west are still a problem [for Iraq and the CBI].”
Her concern centers on how Iraq will ultimately manage one of its largest currency challenges—foreign-held dinar outside the country.
Key points include:
Massive offshore IQD holdings
Limited transparency on how redemptions will be handled
The need for controlled, responsible currency appreciation
Despite these challenges, Sandy emphasizes one crucial certainty:
“All we know for sure is Iraq is on the path, the track, in which currency values increase.”
Iraq’s Currency Path: Gradual, Not Instant
Sandy does not suggest sudden or dramatic changes. Instead, she reinforces:
A measured approach by the CBI
Incremental strengthening of the dinar
Alignment with economic and regional stability
This approach reduces risk while protecting Iraq’s long-term financial interests.
The Missing Piece for Many Investors: Syria
Sandy then reveals a realization that reshaped her understanding:
“What most IQD investors have never been told is Syria is more important to Iraq’s economy and well-being than Iran.”
For years, Middle East reporting has often paired Iraq and Iran. However, Sandy explains that Iraq and Syria are more tightly linked in practical, day-to-day realities.
Why Syria and Iraq Are Deeply Connected
Sandy outlines several critical factors:
1. A Long, Porous Border
Iraq and Syria share an extensive, lightly controlled border
Economic, security, and humanitarian issues cross easily
2. Immediate Spillover Effects
“When Syria becomes unstable… Iraq feels the pressure almost immediately.”
Instability in Syria directly impacts:
Border security
Trade routes
Refugee movement
Internal Iraqi stability
Iran vs. Syria: A Crucial Distinction
Sandy contrasts the two neighbors clearly.
Iran
Aggressive regional posture
Under heavy international sanctions
Economically strained
Seeks to lean on Iraq for support
Syria
Directly intertwined with Iraq’s internal stability
Shares security, economic, and humanitarian risks
Shapes Iraq’s future through proximity, not influence
“Syria and Iraq hold hands much more tighter than Iraq and Iran.”
Why Syria Shapes Iraq’s Economic Future
Sandy’s conclusion is straightforward:
“What happens in Syria shapes Iraq’s future.”
This reality affects:
Investor confidence
Banking reform timelines
Currency valuation strategy
Regional economic planning
Ignoring Syria’s role leads to misreading Iraq’s pace and priorities.
Featured Snippet: Key Insight
Sandy Ingram explains that Syria has a greater impact on Iraq’s economic stability than Iran, and despite challenges from Western IQD investors, Iraq’s currency trajectory continues to point upward.
Q&A: Key Takeaways from Sandy Ingram
Q: Why are Western IQD investors a concern for Iraq?
A: Large offshore holdings complicate currency management and reform execution.
Q: Is Iraq’s currency expected to rise?
A: Yes, Sandy confirms Iraq is on a clear path toward increasing currency value.
Q: Why is Syria more important to Iraq than Iran?
A: Due to shared borders, immediate spillover effects, and direct impact on stability.
Q: How does Syrian instability affect Iraq?
A: Security, trade, and economic pressure transfer quickly across the border.
Final Thoughts: Understanding the Bigger Picture
Sandy Ingram’s analysis reminds investors that currency reform does not happen in isolation.
It is shaped by:
Regional stability
Neighboring conflicts
Foreign-held currency exposure
Strategic patience by central banks
For those watching Iraq’s dinar, understanding Syria’s role is no longer optional—it is essential.
Follow & Join Our Global Community
🔗 Official Blog:
https://dinarevaluation.blogspot.com/
📢 Telegram Channel:
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Hashtags
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Sandy Ingram
We, us, IQD investors in the west are still a problem [for Iraq and the CBI]. My biggest concern is how Iraq is going to handle one of their biggest currency problems...All we know for sure is Iraq is on the path, the track, in which currency values increase
I could look on the map and see Syria and Iraq are neighbors. But what I wasn't seeing and what I didn't understand was what most IQD investors have never been told is Syria is more important to Iraq's economy and well-being than Iran...In the Middle East news I have always seen Iraq and Syria paired up in reports.
Silly me, I didn't understand Syria and Iraq hold hands much more tighter than Iraq and Iran...Iran is aggressive. Iran is under sanctions. Iran is hungry. They need food...shelter ...money...They want to lean on Iraq...Syria and Iraq share a long porous border...anything that happens in Syria can quickly spill over into Iraq. When Syria becomes unstable...Iraq feels the pressure almost immediately... What happens in Syria shapes Iraq's future...
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