Friday, December 26, 2025

Jeff Update: Does Iraq Need a Completed Government to Change the Dinar Rate?

 One of the most common questions in the dinar community is whether Iraq must have a fully formed and completed government before the dinar rate can change. In his latest commentary, Jeff directly addresses this issue, offering insight into caretaker governments, Central Bank autonomy, and recent international recognition events.

As always, this perspective represents analysis and opinion, not financial advice.

⚠️ Disclaimer

All information shared is opinion-based and for educational purposes only. Political and monetary decisions can change at any time. Always consult a qualified professional before making financial decisions.

The Big Question: Does Iraq Need a Fully Formed Government?

Caretaker Government Explained

Jeff explains that while Iraq’s government is still forming, it operates as a “caretaker government.”

This means:

However, this limitation applies to the government, not the Central Bank of Iraq (CBI).

CBI Autonomy: Why It Matters

The Central Bank Is Independent

According to Jeff:

  • The CBI is autonomous

  • It is separate from the physical government

  • It does not require parliamentary approval to adjust the currency value

“The Central Bank can change the value of the currency whenever they want.”

This distinction is critical and often misunderstood.

🌍 Featured Snippet: Can the Dinar Rate Change Without a Government?

According to Jeff, there is no verifiable requirement that Iraq must have a fully formed government before the dinar rate can change. The CBI operates independently, and rate changes fall under monetary authority—not legislative authority.

Sovereignty, Stability & the UN Announcement

What Happened Last Weekend?

Jeff describes recent events as:

  • A graduation ceremony

  • Public recognition of Iraq’s:

    • Sovereignty

    • Stability

  • A milestone that needed to be announced to the world by the United Nations

“That had to be publicly announced to the world by the UN before the rate could change, IMO.”

Why International Recognition Is Key

Jeff believes:

  • Iraq needed global acknowledgment

  • Stability and sovereignty had to be internationally recognized

  • This step removes external objections to monetary changes

In his opinion, this milestone has now been achieved.

Jeff’s Opinion on Timing

Jeff concludes:

  • The required sovereignty and stability recognition already occurred

  • The condition he believes was necessary has been met

  • In his opinion, it happened last weekend

This interpretation suggests Iraq may now be monetarily unencumbered, regardless of government formation status.

Q&A – Community Clarifications

Q: Can a caretaker government change the dinar rate?

A: The caretaker government does not control the rate—the CBI does.

Q: Is the Central Bank truly independent?

A: Yes. The CBI is legally autonomous from Iraq’s legislative and executive branches.

Q: Does the UN need to approve a rate change?

A: Not directly, but international recognition of sovereignty and stability may remove political barriers.

Q: Did the rate already change?

A: Jeff believes the final prerequisite occurred, but no official rate announcement has been confirmed.

Final Thoughts

Jeff’s analysis highlights a crucial distinction:

  • Government formation affects legislation

  • Central bank autonomy governs currency value

If sovereignty and stability are now internationally recognized, Iraq may no longer be constrained by political timelines when it comes to monetary action.

As always, patience and discernment remain essential.

🔗 Follow & Support Our Official Platforms

🌐 Blog:
https://dinarevaluation.blogspot.com/

📢 Telegram:
https://t.me/DINAREVALUATION

📘 Facebook:
https://www.facebook.com/profile.php?id=100064023274131

🐦 Twitter / X:
https://x.com/DinaresGurus

▶️ YouTube:
https://www.youtube.com/@DINARREVALUATION

🔥  Hashtags

#JeffDinar #IraqDinar #CBIAutonomy #DinarRate #IraqSovereignty #MonetaryPolicy #CurrencyRevaluation #GlobalReset #IraqEconomy #RVUpdate #FinancialReform

Jeff 

 Question:  "Do they have to have a fully formed completed government to change the rate?"  That's questionable.  While the government is in a forming state, they're considered a 'caretaker'.  They have very limited access to Iraq funds and monies...

The Central Bank can change the value of the currency whenever they want.  Why?  Because the central bank is autonomous separate from the physical government...Do they have to have a formed completed government before the rate can change?  We have no way of verifying that.

  What happened last weekend was like a graduation ceremony of achieving sovereignty and stability that had to be publicly announced to the world by the UN before the rate could change, IMO, and it did.  It happened last weekend.


at
Labels:

Iraq’s Central Bank Moves Fast: Zero Removal & Dinar Reinstatement Set to Shake Up 2026 Budget! 💥💰"

at
Labels:

AMONG THE MOST PROMINENT SOLUTIONS ARE REDUCING EXPENSES AND SALARIES… AN ECONOMIC EXPERT PRESENTS SOLUTIONS TO THE FINANCIAL CRISIS IN IRAQ

AMONG THE MOST PROMINENT SOLUTIONS ARE REDUCING EXPENSES AND SALARIES… AN ECONOMIC EXPERT PRESENTS SOLUTIONS TO THE FINANCIAL CRISIS IN IRAQ

 On Friday, the head of the “Iraq Future” Foundation, economist Manar Al-Obaidi, ruled out the possibility of non-oil financial revenues replacing oil revenues in covering the expenses of the Iraqi state and the monthly salaries of employees and workers in the public sector in the country.

This came in a post by the economic expert on the social networking site “Facebook” in which he spoke about what is being circulated about the possibility of the country being exposed to a severe financial crisis, according to what media reports indicate recently.

Al-Ubaidi criticized what he called “the proliferation of rosy voices that sell people illusions closer to dreams than to reality,” which claim that money is available, revenues are sufficient for the salaries of all employees, and that the crisis will be resolved as soon as the salaries of special grades are reduced, saying that “this is an emotional speech that is not based on numbers, its goal is to tickle the feelings of the ordinary citizen and numb him, not to be honest with him.”

He added that “the state’s expenditures in the current situation cannot be covered unless the issue of salaries is addressed in a radical and genuine way, and not through patchwork solutions,” noting that “all non-oil revenues, no matter how much they increase, will not be a substitute for oil, and will not cover more than 10–15% of the state’s operational needs.”

Al-Ubaidi pointed out that “there is no resource today capable of compensating for oil,” adding that “everything that is being traded about sulfur, phosphate, silica and others, even if sold as raw materials, will not exceed $300 to $500 million in revenue annually.”

The economist also considered that “talking about strategic industries, from refineries to manufacturing industries, is correct in principle, but not timely,” noting that “these projects need at least five years to become productive, in addition to the availability of huge financing and liquidity that is not currently available.”

He pointed out that “the real problem is that Iraq is not only facing a crisis of revenues and expenditures, but also a deficit in creating a real economy outside of oil.

Al-Ubaidi concluded that “there is no solution without reducing expenditures, boldly addressing the issue of salaries, providing real, not merely slogan-based, support for the private sector, and restoring trade balance with countries away from oil rents.”

He continued, saying, “Anything else is just wishful thinking and a joke on the citizen who is meant to believe that the crisis can be solved with simple measures, while the truth is much harsher and more complicated.”

In March 2021, Mazhar Muhammad Salih, the Prime Minister’s advisor for financial affairs, confirmed in an interview with Shafaq News Agency that the reasons for the economy remaining rentier are due to the wars and the imposition of the economic embargo on Iraq during the past era, and what we are witnessing today in terms of political conflicts has led to the dispersal of economic resources.

The Iraqi state’s continued reliance on oil as the sole source of the general budget puts Iraq at risk from global crises that occur from time to time due to the impact on oil, which makes the country resort each time to covering the deficit by borrowing from abroad or internally, and thus indicates the inability to manage state funds effectively, and the inability to find alternative financing solutions.

at
Labels:

Mnt Goat Update: Iraq Disarmament, New Parliament, and the January Dinar Window

New insights from Mnt Goat focus on a critical convergence of events in Iraq: militia disarmament mandates, the seating of a new parliament, budget timing, and the long-anticipated removal of the zeros. Together, these elements may define Iraq’s next major financial and political chapter.

As always, this update reflects analysis and opinion, not financial advice.

⚠️ Disclaimer

All information shared is based on opinion and interpretation. Statements from officials, articles, and timelines may change. Always consult a professional before making any financial decisions.

Militia Disarmament: A Key Investor Concern

Article Insight

“Savaya is pleased with the factions’ movements and stipulates a complete and irreversible disarmament.”

According to Mnt Goat:

“Statements alone are not enough.”

This is especially important because:

  • The United States has issued mandates to Iraq regarding stability

  • Compliance could remove a major obstacle to economic normalization

Why the Timing Matters

Mnt Goat notes that December 29 is only days away, and this date could be pivotal:

  • It coincides with major political milestones

  • It aligns with expectations around CBI monetary action

“Personally, I believe the CBI wants to begin the removal of the zeros around this timeframe.”

New Parliament Session Set for December 29

Official Presidential Decree

  • The President of the Republic has formally set:

    • December 29 as the first session of the new parliament

This is critical because:

  • Key legislation cannot advance without a seated parliament

  • Budgets, reforms, and international agreements depend on parliamentary approval

The 3-Year Budget & What Comes Next

Tripartite Budget 2026–2028

Mnt Goat confirms:

  • Iraq intends to attempt another three-year budget

  • Covering 2026–2028

  • It cannot be opened or implemented until:

    • The new parliament is seated

    • The budget is voted on and passed

This legislative step is directly tied to monetary reform timing.

🌍 Featured Snippet: Why January Is Still Important

Former CBI Governor Dr. Shabibi stated that January is the best opportune time to reinstate the dinar at a significant rate, because:

  • The annual budget is expected to:

    • Open

    • Be allocated

    • Begin spending in January

Mnt Goat cautions:

  • This exact timing may not fully materialize

  • But events may occur very close to this window

Removal of the Zeros: CBI Readiness

According to Mnt Goat’s analysis:

  • The Central Bank of Iraq prefers to act:

    • During political stability

    • Around fiscal transitions

  • Late December / early January fits this pattern historically

The alignment of:

  • Parliament seating

  • Budget preparation

  • Security normalization

…creates an environment the CBI has long waited for.

Q&A – Investor Focused Questions

Q: Is militia disarmament really that important?

A: Yes. Stability and sovereignty are essential for international trust and investment.

Q: Is December 29 a confirmed RV date?

A: No. It is a political milestone, not a rate announcement.

Q: Will Iraq definitely start the 3-year budget?

A: Iraq intends to try again, but it depends on parliamentary approval.

Q: Is January still the best window for dinar reinstatement?

A: According to Dr. Shabibi and Mnt Goat, January remains optimal, even if timing shifts slightly.

Final Thoughts

Iraq is approaching a moment where:

  • Political legitimacy

  • Security enforcement

  • Fiscal readiness

  • Monetary reform

…are converging.

While no guarantees exist, the pieces long discussed are finally moving into place, and the coming days and weeks may clarify Iraq’s next decisive step.

🔗 Follow & Support Our Official Platforms

🌐 Blog:
https://dinarevaluation.blogspot.com/

📢 Telegram:
https://t.me/DINAREVALUATION

📘 Facebook:
https://www.facebook.com/profile.php?id=100064023274131

🐦 Twitter / X:
https://x.com/DinaresGurus

▶️ YouTube:
https://www.youtube.com/@DINARREVALUATION

🔥  Hashtags

#MntGoat #IraqDinar #DinarReinstatement #RemoveTheZeros #IraqParliament #CBI #MonetaryReform #IraqBudget #GlobalReset #MiddleEastFinance #CurrencyReset #EconomicStability

 Mnt Goat 

 Article:  “SAVAYA IS PLEASED WITH THE FACTIONS MOVEMENTS AND STIPULATES A COMPLETE AND 

IRREVERSIBLE DISARMAMENT” As investors our worries about these militias could be over...I believe that if these militias must show some sort of ‘good faith’ disarmament in the coming days...the U.S. might be satisfied with this mandate they have made to Iraq.  

Remember “Statements alone are not enough.” However, we don’t know what will happen and December 29th is just a [few days] away. Personally, I also believe that the CBI wants to begin to conduct the removal of the zeros right around this timeframe and so we will see what happens.  

The President of the Republic issued a presidential decree on Tuesday setting the date for the first session of the new parliament on December 29...We have been told that Iraq is going to try the 3-year budget again and there will be another tripartite budget for 2026-2028 and it can’t be opened until it is voted on and passed in the new  parliament ...Remember the reasoning behind Dr Shabibi telling us that January is the “best opportune time to reinstate the dinar with a significant rate” is that the annual budget its supposed to be ready to open and allocated out to spend in January...  obviously, this may NOT going to be the case but it may be close.
at
Labels:

WALKINGSTICK: IRAQ WILL MAINTAIN THE CURRENCY STABILITY PAIRING THE IQD ...

at
Labels:

AN IRAQI BANK SWITCHES TO THE GLOBAL STANDARD “SWIFT MX”

AN IRAQI BANK SWITCHES TO THE GLOBAL STANDARD “SWIFT MX”

 (Old news…. )

The National Bank of Iraq announced that it has successfully completed the transition to the new global standard ” SWIFT MX ” for financial messages, in a step that constituted a significant milestone in the bank’s technological infrastructure modernization and enhanced readiness for digital transformation.

The bank said in a statement, “The implementation of this transformation comes as part of the bank’s transition from the old  MT standard to the  MX ISO 20022 model , which is the most advanced, structured and data-rich framework in the global financial messaging sector. The transformation process was carried out across all operational channels with high efficiency and minimal downtime, reflecting the bank’s strong technical readiness, accurate planning, and commitment to providing its services without any significant interruption.” 

He pointed out that “this transformation is an advanced step within the strategic roadmap of the National Bank of Iraq to modernize its systems, enhance its compatibility with global best practices, and provide an advanced digital banking experience for its individual and corporate clients.” 


at
Labels:

Frank26 Iraq Boots-on-the-Ground Report: Lower Denomination Dinar & White Papers Signal Imminent Shift

 Fresh boots-on-the-ground intel from Iraq, shared by Frank26 and Firefly, is reigniting excitement across the dinar community. Iraqi television is openly discussing lower denomination dinar notes, the completion of the White Papers, and what appears to be the final steps toward Iraq’s international financial reintegration.

As always, this information represents opinions, observations, and interpretations, not financial advice.

⚠️ Frank26 / MarkZ-Style Disclaimer

Please consider everything shared as opinion. News commentary, translations, and interpretations may not capture full context. Always consult a qualified financial professional before making any financial decisions.

Boots-on-the-Ground Intel from Iraq

Lower Denomination Dinar Notes: “Imminent”

FIREFLY reports:

  • A well-known Iraqi economist appeared on national television

  • He stated that:

    • Lower denomination dinar notes are lined up

    • They are not yet on the streets

    • The Central Bank of Iraq (CBI) says the launch is imminent

  • All preparations are complete

This is significant because lower denominations are essential for a meaningful currency value shift, daily commerce, and international acceptance.

Who Is This Economist Really?

FRANK26 clarifies:

  • The economist is:

    • Highly educated

    • A media financial adviser

    • Not officially part of the CBI or GOI

  • He shares professional opinions, not policy announcements

“Every day he comes out and expresses his opinion.”

Despite this, the fact that Iraqi media is openly discussing monetary reform is seen as a strong confidence signal.

The White Papers Explained (Why They Matter)

What Are the White Papers?

The White Papers are Iraq’s long-term economic reform blueprint, written before Prime Minister Sudani took office, designed to:

  • Stabilize Iraq’s economy

  • Modernize banking and monetary policy

  • Return Iraq to the international financial system

According to Iraqi TV:

  • The monetary reform portion is completed

  • The only remaining step is going international

Frank26’s Key Insight: What the White Papers Are Waiting For

FRANK26 explains:

  • The White Papers are waiting on one final requirement

  • The same thing that:

    • The HCL (Hydrocarbon Law)  is waiting for

    • The budget is waiting for

    • The people are waiting for

“You can’t go international until you get what the White Papers are waiting for.”

🌍 Featured Snippet: Why Going International Is the Final Step

The White Papers serve as Iraq’s passport to the international community. According to Frank26, once this final condition is met, Iraq can:

  • Re-enter global markets

  • Allow the dinar to float

  • Complete its monetary reform process

This step would finalize years of preparation.

Lower Denominations & Currency Float: Why This Is Critical

Lower denomination notes are not practical unless:

  • The currency has real purchasing power

  • Inflation is controlled

  • Iraq is positioned internationally

Frank26 emphasizes:

  • International status comes first

  • A currency float follows

  • The LDs support normal daily transactions

Encouraging Signs from Iraqi Media

Frank26 highlights one key factor:

“The fact that they talk about it is extremely encouraging.”

Iraqi media openly discussing:

  • White Papers

  • Monetary reform

  • Lower denomination dinars
    …suggests growing transparency and confidence.

Q&A – Most Asked Questions

Q: Are lower denomination dinar notes already circulating?

A: No. They are prepared and ready, but not yet on the streets.

Q: Is this confirmation of an RV date?

A: No specific dates are given. This is preparatory signaling, not an announcement.

Q: What is Iraq still waiting for?

A: Final alignment between:

  • HCL

  • Budget

  • International financial compliance

Q: What happens after Iraq goes international?

A: According to Frank26:

  • The dinar can float

  • Monetary reform is completed

  • White Papers are fulfilled

Final Thoughts

The convergence of:

  • Iraqi television discussions

  • Prepared lower denominations

  • Completed White Papers

  • Ongoing HCL and budget alignment

…points to a country positioning itself for a global financial return.

While patience is still required, the narrative inside Iraq itself is changing — and that matters.

🔗 Follow & Support Our Official Platforms

🌐 Blog:
https://dinarevaluation.blogspot.com/

📢 Telegram:
https://t.me/DINAREVALUATION

📘 Facebook:
https://www.facebook.com/profile.php?id=100064023274131

🐦 Twitter / X:
https://x.com/DinaresGurus

▶️ YouTube:
https://www.youtube.com/@DINARREVALUATION

🔥 Hashtags

#Frank26 #IraqDinar #LowerDenominations #WhitePapers #MonetaryReform #CBI #DinarRV #IraqEconomy #CurrencyRevaluation #GlobalReset #InternationalBanking #FinancialReform

Frank26

  [Iraq boots-on-the-ground report] 

 FIREFLY:Your favorite economist is back...today on Iraqi television.  He says the lower denomination dinar note are lined up for release...They are not on the streets just yet...The central bank is saying the launch is imminent.  All the preparations are in place...

  FRANK:  You have to remember who this man is.  He's an economist.  He's well educated.  But he's a financial adviser for the news.  He is not associated with the CBI...GOI.  He's associated with the media.  Everyday he comes out and expresses his opinion


 FIREFLY:They're talking about the white papers...that were written before Sudani took office.  They're telling us the meaning of the white papers was to get Iraq back into the international...The monetary reform of these white papers are all completed they say.  The only thing left would be to go international.  That would complete the white papers.  

FRANK:  The white papers are waiting for one thing.   You can't go international until you get what the white papers are waiting for, what the HCL is waiting for, what the budget's waiting for, what you're waiting for.  The fact that they talk about it is extremely encouraging...The white papers are your passport to the international community, to the float of your currency, which is next...
at
Labels:
Subscribe to: Posts (Atom)

🇮🇶💵 IRAQ’S ECONOMIC TRANSFORMATION MAY BE FOLLOWING A MUCH BIGGER PLAN

🇮🇶💵 IRAQ’S ECONOMIC TRANSFORMATION MAY BE FOLLOWING A MUCH BIGGER PLAN What we are witnessing in Iraq no longer feels like isolated polit...