The Central Bank of Iraq is the first institution to implement a "programs and performance" budget
The Board of Directors of the Central Bank of Iraq approved the bank's budget for 2026, based on the program and performance budgeting methodology.
The bank explained in a statement: "Adopting this methodology aims to move from the traditional approach based on expenditure items to a modern approach that focuses on programs, results, and performance indicators, thereby contributing to increased spending efficiency, enhanced transparency and accountability, and supporting performance- and results-based decision-making."
He pointed out that "previous budgets were prepared according to the traditional method adopted by all state institutions," emphasizing that this approach makes the Central Bank of Iraq the first institution in the Iraqi state to implement a program and performance budget, a step that reflects its commitment to adopting the best international practices in managing its financial resources.
The bank explained that "the 2026 budget included strategic programs, institutional development programs, operational programs, in addition to oversight and regulatory programs, which were prepared according to clear programs, specific activities, and measurable performance indicators subject to periodic evaluation, thus contributing to improving the efficiency of plan implementation and achieving optimal resource utilization."
It affirmed that "adopting a program and performance budget is a pivotal step within the financial and administrative reform path pursued by the bank, enhancing the strength and sustainability of institutional performance and keeping pace with modern developments in expenditure management at the regional and international levels."
The Central Bank of Iraq expressed its readiness to provide technical support and training to Iraqi state institutions, assisting them in transitioning from the traditional method of budget preparation to modern, internationally recognized methods, thereby contributing to the development of public financial management and strengthening the principles of efficiency and good governance. link
Is there a special contract rate for the Iraqi Dinar? According to Bruce, the Iraqi Dinar carries a contract rate available ONLY at Redemption Centers, not at regular banks. This rate was reportedly established during President Trump’s first term in coordination with Iraq’s Prime Minister and Central Bank, and is described as extremely high and “stellar.”
Bruce Disclaimer
All information shared by Bruce represents opinion and sourced interpretation. This content is for educational purposes only. Always consult a qualified financial, tax, or legal professional before making any financial decisions or currency exchanges.
...If I had dinar there’s no way in this world I would go to the bank – because the dinar has a contract rate at the redemption center ONLY – and it’s terrific - ...it’s very high - President Trump set that up in his first term with the Prime Minister and the central bank of Iraq, and it's a stellar rate, excellent rate...the rate on the Dong is not a contract rate. It is on the dinar, but not on the Dong but dong rate that we've heard in the last few days is is quite good, quite high, and everybody will be pleased with it...
...the timing for the RV... our recent source... that we received was talking...like a Friday/Saturday start for us, which is great.
UN assessment: Iraq today is unrecognizable compared to years ago
The UN coordinator in Iraq, Ghulam Ishaq Zai, gave an optimistic assessment of the situation in the country, stressing that Iraq has strengthened confidence in its institutions and is moving steadily towards stability, while noting that the country has become "remarkable and unrecognizable" compared to what it was years ago.
The United Nations website, in a report seen by Shafaq News Agency, stated that Isaac Ze spoke about the transition from the United Nations Assistance Mission for Iraq (UNAMI), whose mandate officially ended last December, to a new partnership with the Iraqi authorities focused on development.
The report quoted the UN envoy as saying that "Iraq today is unrecognizable and wonderful, especially for those who lived through the turbulent early years of the transition," noting that a country devastated by war after the 2003 invasion has now succeeded in building confidence in its institutions and is moving towards greater stability.
Ishaq Zee explained that poverty rates in Iraq have decreased from 20% in 2018 to 17.5% during the period 2024-2025, noting that preliminary reports indicate that Iraq now occupies an advanced position in the Human Development Index, which measures life expectancy, education levels and living standards.
The report indicated that the improved security environment helped about 5 million internally displaced people return to their areas, while those who remained in the camps were mostly due to housing or civil identity issues.
The UN envoy also touched on what he described as an "important milestone," namely the parliamentary elections held last year, in which the participation rate reached 56%, an increase of 12% over the previous elections, with a wide participation of women who constituted about a third of the candidates.
According to the report, the UNAMI mission was established in 2003 to assist Iraq in its transitional phase after the fall of Saddam Hussein’s regime. It went through difficult phases that culminated with the control of large areas of the country by ISIS before its defeat at the end of 2017. The mission ended its work on December 31, 2025, while the United Nations will continue its activities in Iraq under the leadership of Isaac Ze.
The report noted that the new phase of cooperation is based on a five-year development agreement, signed with the Iraqi government on December 25, which constitutes a roadmap to support national priorities, including education, health, economic growth, environmental protection and good governance.
The report also quoted Isaac Zee as saying that the current goal of the United Nations is "to support the social and economic needs of Iraq and to build on what has been achieved over the past two decades," noting that Iraq will contribute to financing the implementation of these programs, in an indication of the development of the partnership and the government's shift from the role of aid recipient to partner and supporter.
The report concluded by noting that the United Nations team in Iraq currently includes 26 agencies, funds and programs of the international organization. link
Is the Iraqi Dinar about to revalue? According to recent discussions, Iraq’s 2026 budget references an exchange rate of 1300 IQD, which stabilizes the budget but does not represent a market revaluation.
Many experts believe a separate overnight RV, redenomination, or international reset could still occur before or after official Gazette publication.
MarkZ Disclaimer
Please consider everything on this call as my opinion. People who take notes do not catch everything, and it is best to watch the full video so you get everything in context. Always consult a licensed financial professional before making any financial decisions.
Community Sentiment: Waiting, Watching, and Preparing
As another week draws to a close, the dinar community remains watchful. Members continue to ask the same critical question:
“To revalue or not to revalue — that is the conundrum.”
While frustration is understandable, the underlying developments suggest movement behind the scenes, both in Iraq and internationally.
Prosperity Packages & CMKX Update
Prosperity Packages (PPs)
At this time, there are no new confirmed updates regarding Prosperity Packages. However, there is a lot unfolding globally, and many indicators suggest this is a period of positioning rather than delay.
CMKX Shares
Reported valuation: $8–$10 per share
Fines & penalties portion: $8–$10
Trust portion: $8 per share
Long-term holders hope compounded interest could push values into double digits
While no official announcement has been released, expectations remain cautiously optimistic.
U.S. Income Tax: Is Cancellation Coming?
One of the most talked-about topics is the potential end of U.S. income tax.
Key Observations:
Former President Trump continues to mention it publicly
Scott Bessent and other administration voices are echoing similar language
Momentum suggests major tax reform is being discussed seriously
Opinion: Income tax could be canceled or radically restructured soon — though timing remains uncertain.
Many are understandably hoping this happens before April 15th.
Will Currency Exchanges Be Taxed?
Short Answer: Possibly — but not guaranteed.
Some believe exchanges may be non-taxable events
Others are preparing for taxation just in case
Best Advice:Hope for the best, prepare for the worst.
Always consult a CPA or tax attorney before exchanging.
Iraq’s 2026 Budget & the 1300 IQD Rate Explained
A recent report from Shafaq News states:
“Officially, the exchange rate in the 2026 budget is 1300 Iraqi dinars.”
Important Clarification:
This is a budget rate, not a market revaluation
It helps stabilize government accounting
It does not eliminate the possibility of:
Overnight RV
Redenomination
International rate reset
Experts emphasize that budget math and market value are two separate mechanisms.
Central Bank of Iraq (CBI) Under Pressure
CBI Governor Al-Alaq was questioned in Parliament
Lawmakers asked why a new rate was not included
Citizens are increasingly concerned about purchasing power
Contractors are frustrated with the ASYCUDA customs system
These pressures suggest the CBI cannot delay indefinitely.
Political Developments in Iraq
Once the President is seated, there is an estimated 80% chance that Sudani will be chosen as Prime Minister
U.S. Embassy and Washington representatives are holding unusual multi-day meetings
Discussions reportedly involve non-oil revenues, corruption, and governance
Additionally, rumors continue to circulate about U.S. forces potentially leaving Iraq, though this remains unconfirmed.
Gold, Silver & Legal Tender Momentum
A major milestone:
12+ U.S. states have now passed laws recognizing gold and silver as legal tender
This trend aligns with broader expectations of:
Currency resets
Asset-backed systems
Monetary reform
Do We Need to See the RV in the Gazette First?
Answer: Probably not.
Many believe:
The RV may occur before Gazette publication
Banking and exchanges could already be completed by the time it is officially posted
Q&A – Quick Answers for Investors
Q: Is the 1300 IQD rate the RV?
A: No. It stabilizes the budget, not the market.
Q: Are Prosperity Packages active?
A: No new confirmations yet.
Q: What is CMKX worth?
A: Estimated $8–$10 per share, based on fines, penalties, and trust structure.
Q: Will currency exchanges be taxed?
A: Unclear — prepare responsibly.
Q: Is something big coming?
A: Many signs point to significant financial change, though timing remains unknown.
Final Thoughts
Despite delays, uncertainty, and rumors, the larger picture continues to align. Political shifts, monetary reforms, legal tender laws, and international coordination suggest that preparation is more important than impatience.
“God is about to bestow a great blessing on all of us. Let us rejoice and be glad.”
Officially, the exchange rate in the 2026 budget is 1300 Iraqi dinars.
The Central Bank of Iraq has decided to adopt an exchange rate of 1,300 dinars for the US dollar in the 2026 budget, according to an official document revealed on Thursday.
The Central Bank of Iraq sent an official letter to the Ministry of Finance/Budget Department/Current Budget Preparation Section, regarding the determination of the official exchange rate adopted in the draft Federal General Budget Law of the Republic of Iraq for the year 2026.
According to a book issued by the Statistics and Research Department of the Central Bank of Iraq, obtained by Shafaq News Agency, the bank clarified in its book that the official exchange rate that will be adopted in the 2026 budget is 1300 dinars per dollar.