Wednesday, January 14, 2026
An economist explains the budget and spending mechanism (1/12) under the caretaker government
An economist explains the budget and spending mechanism (1/12) under the caretaker government.
Economic expert Salah Nouri explained on Tuesday the legal foundations for submitting and approving the federal general budget, and the financial disbursement mechanisms adopted in the event of its non-approval, especially in light of the caretaker government situation.
Nouri pointed out in his statement to Al-Furat News Agency that “Article (11) of the Federal Financial Management Law No. (6) of 2019 stipulated that the draft federal general budget law be submitted by the Council of Ministers to the House of Representatives before the middle of October of each year.”
He explained that “Article (13), Paragraph Three, dealt with the situation of the House of Representatives not approving the draft budget law until 12/31 of the fiscal year, as the final financial statements for the previous year are considered the basis for the financial statements for the current year, and are submitted to the House of Representatives for the purpose of approving them.”
He added that "the current situation is that the government is a caretaker government, and therefore paragraph one of Article (13) is applied, which allows spending at a rate of 1/12 of the total actual expenditures of the previous year, after excluding non-recurring expenditures for the current and investment budgets." link
COFFEE WITH MARKZ: IQD Revaluation Discussion
IQD Revaluation Discussion: Central Bank Autonomy, Global News & Market Rumors
Disclaimer: This article summarizes commentary and opinions shared in discussions about the Iraqi Dinar (IQD) revaluation. The views expressed are personal opinions, not financial advice. Always verify information against official sources and consult licensed professionals for financial decisions.
🏦 Central Bank of Iraq: Autonomous Monetary Authority
One of the most important points raised in recent discussions is the autonomy of the Central Bank of Iraq (CBI).
Unlike legislative bodies, the CBI operates independently on monetary policy — including exchange‑rate decisions — without needing full government formation to act. This means the bank could theoretically adjust exchange rates even if the political process is not complete.
However, there is no public confirmation that the CBI uses government formation as an internal “stability benchmark” before changing the official rate. This is a matter of speculation and not verified by official policy statements.
Reuters and Iraq’s official statements show the CBI selects exchange‑rate policy independently, focusing on economic fundamentals, not political timelines.
📰 Official Exchange Rate Remains Stable
Recent official reporting confirms that for the 2026 federal budget, the Central Bank has kept the official exchange rate at 1,300 Iraqi dinars per US dollar — the same level used in previous years.
This does not indicate a sudden revaluation. Instead, it reflects a decision to maintain exchange‑rate stability for budgeting and fiscal planning.
This stability offers clarity for economic accounts but does not confirm a rate change or “RV”.
📈 Credit Rating & Banking Reform Efforts
Several developments show Iraq’s ongoing financial reforms:
🔹 Improving Credit Rating Initiatives
Iraq is actively working to boost its sovereign credit rating by coordinating multi‑agency policy teams — including the CBI, Ministry of Finance, and international advisers — to improve governance, risk control, and international confidence.
🔹 Working With Oliver Wyman
The Central Bank and government advisors are reviewing public debt and banking reforms with Oliver Wyman, a global advisory firm, to modernize financial systems and enhance stability.
Reforms like these are infrastructure progress, but they are not confirmations of a revaluation date.
🌍 Global Economic Rumors vs. Verified Information
In community discussions, various rumors circulate, such as:
Speculation about global leaders or events triggering an “RV switch”
Claims of IRS or U.S. Supreme Court actions directly influencing currency revaluation
Linking foreign events (e.g., Iranian currency fluctuation, or Davos/WEF meetings) to imminent IQD movement
These are rumors without credible evidence. No authoritative economic source has connected U.S. judicial actions or world forums to Iraq’s monetary policy.
While global markets do influence economic confidence, official policy changes come from measurable economic factors, not rumors.
📊 Iraq’s Real Economic Context
Here’s what verified news tells us:
🔹 Government Reform Path Completed?
Iraq’s Prime Minister recently stated that the government has completed its financial and economic reform path, a statement tied to broader institutional changes.
🔹 Currency Market Conditions
Independent reports show that the Iraqi dinar continues to trade differently across official and market channels, reflecting real supply‑and‑demand pressures rather than sudden “revaluation.” Market commentators have noted that unofficial rates frequently trade weaker than the official rate — a sign of market dynamics.
🧠 Featured Snippet
The Central Bank of Iraq is autonomous and has maintained the official IQD rate at 1,300 per U.S. dollar for the 2026 budget. Iraq continues financial reforms and credit rating improvement efforts, but no official rate change or revaluation has been publicly confirmed.
❓ Q&A: Key Questions on IQD Revaluation
Q: Can the CBI change the IQD rate without a government?
Yes. The Central Bank is independent, but it typically bases decisions on economic data and stability, not political events.
Q: Does Iran’s currency movement affect the IQD?
Not directly — currency conditions in other nations do not automatically trigger policy changes in Iraq.
Q: Is there a confirmed “RV date”?
No — official institutions have not announced a revaluation date.
Q: What is the official exchange rate for 2026?
The CBI selected 1,300 IQD per USD for budgeting purposes.
Q: Are banking reforms underway?
Yes. Iraq is coordinating reform efforts with international advisers to boost credibility and financial infrastructure.
🧱 Final Analysis
Discussions about speculative timing, global events, or ethnopolitical narratives are not evidence of policy action.
What is factual:
Iraq continues economic reforms
The CBI maintains exchange‑rate policy based on economic considerations
Official rates are set for fiscal planning, not speculation
No authoritative source confirms a sudden revaluation
Understanding the difference between official signals and rumors is essential for informed analysis.
🔗 Stay Connected – 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
#IQDRevaluation #CentralBankIraq #CurrencyPolicy #IraqEconomy
#BankingReform #ExchangeRate #FinancialStability
#RumorVsReality #MonetaryPolicy #IQDUpdate
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….Great to see you all today.
Member: We have a 3-day federal holiday weekend this weekend with Martin Luther King, Jr Day. With all the other news. I wonder what are the chances of things happening this weekend??
Member: Any bond updates?
MZ: My bond update is there will be a meeting occurring in about 2 hours for a contact. This one is in Europe…in Zurich. Very quiet in Asia right now….but hope to get a update soon.
MZ: In Iraq: “ A new rise on the exchange rate on the dollar in Iraq” The dinar rate is sliding as people are using the dollar.
MZ: “The governor of the Central Bank of Iraq meets discusses with Oliver Wyman Company and ways to improve Iraq’s sovereignty and credit rating” They want to lift the value of their currency and get a better credit rating. This article is telling us they are getting ready for that change.
Member: Does anybody else think this Maliki, Sudani election is a smoke screen?
Member: I think a lot of things they are doing is a smoke screen!!
Member: Some days it seems like Iraq doesn’t want to RV
Member: Mnt. Goat still thinks they will delete the 3 zeros this month
MZ: The Iranian currency crashed this week……yesterday in the wee hours. I am a bit concerned and think Iraq may have already gone if not for what is happening right now in Iran.
MZ: Everything happening in Venezuela and Iran look good for the global reset …but may have slowed things down a bit.
MZ: But I am still hearing things are well underway and we are on the precipice for our blessing.
Member: Have you heard that Trump is pausing all IRS transactions for 90 days while they look for fraud?
MZ: Yes. A number of people who work for the IRS told me and they are looking forward to changes. There are rumors that in 6 days or so they will announce the end of the IRS or a change to the “External Revenue Service” . Lots of rumors and very difficult to know what is reality and what is not.
MZ: Our best move may be to sit back and watch it.
Member: Any dong news?
MZ: I did reach out to a banker and they are very much organizing and training on the Vietnamese dong and expect the dong the Iraqi dinar to go at the same time.
Member: Silver is at $88 but the asking price is $91
Member: They are saying possible $300 dollar silver soon.
Member: I'm hearing HSBC must exit all silver positions by jan 31st which should push silver to $347
Member: Ariel believes scotus may go against Trump on tariffs and Trump will start throwing RV switches we r looking for….good rumor to watch.
Member: If they vote against tariffs….possible it forces the RV?
Member: Supreme Court Tariff ruling today- supposedly
Member: Just saw that Supreme Court won't rule on tariffs today
Member: Why am I not surprised.
Member: Skye thinks we are in a 72 hour window.
Member: President Trump will be heading to DAVOS soon. Big world economic meetings this weekend…may be important for us.
MZ: I believe he addresses the forum on the 19th which is in 5 days. “Trump to speak at globalist WEF forum “ What’s it going to look like? Can’t wait to see it.
Member: Hi Mark- have any of your redemption contacts given you any RV exchange protocols? If not, do you know if they will?
Member: Just take all your currency, and receipts…..and everything you would take to the bank to open new accounts with…..but hopefully we get a detailed list before then.
Member: Have a great day to all……the best is yet to come.
BREAKING: Frank26 Exposes Major IQD Shift — HCL, Parliament Chaos & What Comes Next
🔎 IQD Update – Key Highlights
HCL Back in Focus: Frank26 emphasizes renewed momentum around the Hydrocarbon Law, calling it a critical pillar for Iraq’s financial stability.
Parliament Turmoil: Ongoing political tensions and internal disagreements continue to slow decision-making and delay key reforms.
Behind-the-Scenes Progress: Despite public drama, important steps are reportedly happening quietly within government and financial institutions.
Timing Matters: Frank26 stresses patience, noting that political alignment must happen before any major currency movement.
What’s Next: Attention shifts to upcoming parliamentary actions and signals from leadership that could unlock the next phase.
The Ministry of Interior announces the arrest of 91 individuals manipulating the dollar exchange rate
The Ministry of Interior announces the arrest of 91 individuals manipulating the dollar exchange rate.
The Ministry of Interior announced on Tuesday the arrest of 91 people manipulating dollar prices.
Ministry spokesman Miqdad Miri told Al-Eqtisad News that "security forces were able to arrest 91 people on charges of manipulating dollar prices."
He pointed out that "the ministry was also able to arrest 147 people manipulating the prices of food and medicine," indicating that "the Ministry of Interior has contracted for 100 fixed and mobile radars to monitor external roads link
MILITIAMAN: Iraq’s Shift to Digital Payments and Cash Reduction
IQD Revaluation Progress: Iraq’s Shift to Digital Payments and Cash Reduction
One of the most overlooked yet critical indicators of Iraq’s monetary readiness is the steady removal of physical cash from the streets.
Over the past five+ years, Iraq’s electronic payment systems have quietly transformed how the economy functions — and the data confirms measurable, accelerating progress.
This is not theory.
This is documented monetary evolution.
💳 Iraq’s Transition Away from Physical Cash
Pre-2020: Cash-Dominated Economy
Before 2020, Iraq’s economy relied almost entirely on physical dinar notes.
99% of transactions were cash-based
High street reliance on paper currency
Minimal electronic payment infrastructure
Cash dominance limited:
Monetary control
Transparency
Exchange rate flexibility
📉 Measurable Decline in Cash Circulation
2018–2023: First Major Shift
By 2023, the Central Bank of Iraq (CBI) reported that:
Cash in circulation dropped 20% to 30% compared to 2018 levels
This marked the first verified structural change in payment behavior.
📊 2020–2025: Accelerated Digital Adoption
By late 2025, data showed a dramatic transformation:
Cash dependency fell to 65% of total payments
Down from 95% in 2020
Electronic payment usage expanded across:
Government salaries
Retail transactions
Private sector payments
This is a 30% shift in just five years.
🚀 2026: Momentum Continues to Build
In the current year (2026):
Cash on the street continues to decline
Digital dinar pilot programs are expanding
Private sector adoption is accelerating
POS systems and mobile payments are becoming standard
The trend is not slowing — it is compounding.
🧠 Why Cash Reduction Matters for the IQD
Reducing physical cash strengthens the CBI’s ability to:
Manage the exchange rate peg
Control liquidity
Monitor money supply in real time
Reduce black-market currency activity
Most importantly, it prepares Iraq for:
Managed REER (Real Effective Exchange Rate) adjustments
Advanced monetary policy tools
Eventual cash-light or cash-less operations
🧩 Featured Snippet for Google Discover
Iraq’s electronic payment systems have reduced cash dependency from 99% pre-2020 to approximately 65% by late 2025, strengthening the Central Bank’s control over liquidity and preparing the IQD for future managed exchange rate adjustments.
🏦 Electronic Systems: Pulling Cash Off the Street
Electronic banking is doing exactly what it was designed to do:
Remove excess physical dinar
Improve compliance and transparency
Centralize monetary oversight
And the pace is accelerating.
This process is essential before any major currency adjustment.
❓ Q&A: Understanding Iraq’s Cash Reduction Strategy
Q: Why is reducing cash important?
Because excessive physical cash weakens monetary control and exchange rate management.
Q: Is Iraq going cash-less?
Not immediately, but the trajectory is clearly toward a cash-light economy.
Q: How does this affect the IQD?
Lower cash reliance improves the CBI’s ability to manage valuation and stability.
Q: What is REER?
REER (Real Effective Exchange Rate) measures currency value relative to trading partners, adjusted for inflation.
Q: Are digital dinars already in use?
Pilot programs are active and expanding, particularly in controlled environments.
🧱 Final Analysis
Iraq is doing what every modern monetary system must do before major valuation shifts:
Digitize payments
Reduce physical cash
Improve liquidity control
Strengthen compliance
Enhance monetary precision
This is foundational work.
Not hype.
Not speculation.
Infrastructure.
🔗 Stay Connected – 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
#IQDRevaluation #DigitalDinar #IraqPayments #CashlessEconomy
#CBI #ElectronicPayments #IraqEconomy #MonetaryPolicy
#REER #FinancialReform #DinarRV #IQDUpdate
Militia Man
Iraq's electronic payment systems have been steadily reducing the amount of physical cash circulating on the street of the last 5+ years .. The data shows clear measurable progress...
Pre-2020 baseline cash was dominant, 99% transactions with high reliance on physical dinar notes...Move forward...2023 CBI reported cash circulation dropped 20% to 30% from 2018...By late 2025, cash dependency fell to 65% of payments from 95% in 2020...
The reduction in cash is ever going until they go cash-less... Current year 2026, cash on the street continues to decline as digital dinar pilots expand and private sector adoption grows...Lower cash reliance strengthens the CBI's ability to manage the peg and prepare for potential managed REER adjustments...Electronic systems are successfully pulling cash off the street and the pace is accelerating..
SKYE PRINCE: 🇮🇶 Bond Payments, 4B Updates & Active RV Developments: 04/2026 Update #iqd #dinarnews
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