Washington warns: Any Iraqi government must remain completely independent.
The acting US ambassador to Baghdad, Joe Harris, discussed with the head of the National Approach Alliance, Abdul Hussein al-Moussawi, on Thursday, ways to strengthen the partnership between the United States and Iraq, in order to achieve “tangible benefits” for both countries, stressing Washington’s readiness to use all available tools to confront Iranian “destabilizing” activities in Iraq, and emphasizing that any Iraqi government should be completely independent.
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The embassy stated in a statement, which was followed by Network 964 , that “in his meeting with Dr. Al-Moussawi, Chargé d’Affaires Harris discussed the importance of a strong partnership between the United States and Iraq, which brings tangible benefits to Americans and Iraqis, within the framework of working to enhance our common interests, which are represented in preserving Iraqi sovereignty, promoting regional stability, and strengthening economic ties.”
Harris affirmed the United States' readiness "to use the full range of tools at its disposal to counter Iran's destabilizing activities in Iraq," stressing that "any Iraqi government should remain fully independent and focused on promoting the national interests of all Iraqis." link
Trump’s Comments on Iraq’s Prime Minister and the Iraqi Dinar RV Debate
Recent remarks by Donald Trump have sparked renewed debate across the Iraqi dinar investment community. During a press exchange, Trump was asked:
Press Question: “Do you still have a veto on who becomes the Iraqi Prime Minister?” Trump’s Response: “We're looking at a prime minister. We're going to see what's going to happen. We've got some ideas on it. But in the end, everybody needs the US. Everybody needs us.”
These comments quickly circulated among dinar followers, reigniting speculation about U.S. influence in Iraq and whether political shifts could impact the value of the Iraqi currency.
At the same time, prominent dinar commentator Kaperoni reiterated a familiar position in response to the community claim that “The RV is coming”:
“There is no RV. If the dinar ever was going to go up in value it will be gradually over time based on the growth of the economy.
Iraq’s political landscape has historically been complex, with influence from multiple global players, including the United States. Since the 2003 Iraq War, U.S.–Iraq relations have shaped defense, economic policy, and monetary reform discussions.
The selection of Iraq’s Prime Minister often carries geopolitical weight. U.S. diplomatic influence may exist, but Iraq operates as a sovereign nation with its own parliamentary processes.
While Trump’s remarks suggest ongoing U.S. interest in Iraq’s leadership, they do not confirm direct control over Iraqi political decisions.
What Does This Mean for the Iraqi Dinar?
The central question remains:
Is a sudden RV (Revaluation) realistic?
The RV Narrative
For years, some investors have anticipated a dramatic overnight revaluation of the Iraqi dinar — a sudden increase in exchange rate that would yield substantial profits.
However, currency revaluations of that magnitude are historically rare. Major economies adjust exchange rates gradually, typically in response to:
GDP growth
Foreign reserves
Trade balance improvements
Monetary policy reforms
Stability and investor confidence
The Gradual Appreciation Argument
Kaperoni’s position reflects mainstream economic thinking:
There is no evidence of a planned overnight RV event.
Iraq continues to work on economic diversification, oil revenue stabilization, and banking reforms. Any upward movement in the dinar would likely occur progressively rather than through a sudden “reset.”
Featured Snippet: Is the Iraqi Dinar RV Real?
No confirmed evidence supports an overnight Iraqi dinar RV. Economic experts argue that any increase in value would likely occur gradually, based on Iraq’s economic growth, foreign reserves, and financial reforms.
Q&A Section
❓ Does the U.S. control who becomes Iraq’s Prime Minister?
No official policy grants the U.S. a veto over Iraq’s Prime Minister. While the United States may exert diplomatic influence, Iraq remains a sovereign nation with its own parliamentary system.
❓ Can political changes in Iraq affect the dinar?
Yes, indirectly. Political stability can strengthen investor confidence, which may positively impact currency value over time. However, political shifts alone do not cause overnight currency revaluations.
❓ Is the Iraqi dinar a “lottery ticket”?
Most economists say no. Currency appreciation is typically gradual and tied to economic fundamentals rather than sudden windfalls.
❓ Could the dinar increase in value eventually?
It’s possible over the long term if Iraq experiences sustained economic growth, structural reforms, and improved fiscal stability. However, timing and magnitude are unpredictable.
Google Discover Highlight
Trump signals ongoing U.S. interest in Iraq’s leadership while dinar analysts debate the long-promised RV. Experts emphasize economic fundamentals over speculation.
Key Takeaways
Trump’s comments highlight geopolitical interest, not currency reform.
There is no verified evidence of a sudden Iraqi dinar RV.
Gradual appreciation remains the more realistic economic scenario.
Investors should approach speculative currency plays with caution.
Final Thoughts
The Iraqi dinar discussion continues to divide the community between speculation and economic realism. Political developments, including remarks from figures like Donald Trump, may influence sentiment — but sustainable currency appreciation depends on long-term economic performance, not headlines.
As always, informed research and risk awareness are essential when evaluating any foreign currency investment.
Press Question to President Trump: "Do you still have a veto on who becomes the Iraqi Prime Minister?" "We're looking at a prime minister. We're going to see what's going to happen. We've got some ideas on it. But in the end, everybody needs the US. Everybody needs us."
Kaperoni
Community comment: "The RV is coming"
There is no RV. If the dinar ever was going to go up in value it will be gradually over time based on the growth of the economy it could take several more months or years to see it begin to rise. But there is no RV. Iraq's currency is not a lottery ticket!
The Iraqi street is paying the price for bureaucratic delays, political inaction, and rising prices.
The political vacuum represents one of the most serious challenges facing the stability of countries emerging from accumulated crises, as the absence of central decision-making becomes a daily reality affecting every aspect of citizens' lives. The Iraqi scene stands as a prime example, where the impact of political paralysis extends beyond the ruling elites to the public, the economy, the market, and the currency.
The delay in forming a government exacerbates the complexities of the economic and social crises, disrupting support programs, slowing investments, and eroding market confidence. Prices are rising faster than salaries, while demands for services are mounting in major cities. Observers note that local markets have begun to treat political timing as an economic indicator, as financial stability is now practically linked to the clarity of executive authority.
On the other hand, disagreements persist between the major blocs and lists, exceeding the constitutional deadlines for determining the president and prime minister, reflecting a structural flaw in the consensus-building mechanism. Negotiations have devolved into an open-ended tug-of-war, with each faction attempting to secure its position within the future power structure before even agreeing on the government itself.
The government formation crisis then takes on a form that is more a struggle over the nature of the next executive system than a mere competition for positions.
The parties are torn between a broad consensus government model and a political majority model, which is hindering any quick settlement, because the agreement is no longer just on names but on the rules of governance.
In parallel, the political vacuum has entered a critical phase after the constitutional deadlines for voting on senior positions were missed, leaving institutions in a state of administrative limbo. Ministries are hesitant to make long-term decisions for fear of political challenges or a sudden government reshuffle.
This reality is directly reflected in the economic and social fabric of the state, with the salary crisis and rising prices emerging as the first indicators of its impact. Economic anxiety transforms into a general mood that puts pressure on the political process, as citizens feel that the political crisis has shifted from the halls of parliament to the very means of sustenance.
The caretaker government headed by “Mohammed Shia Al-Sudani” operates within limited powers, so it cannot launch infrastructure projects, pass budgets, control the market and monetary policy, or confront the financial deficit. The state becomes a temporary administration, while the heavy economic files require full sovereign decisions. link
Iraq’s Monetary Reform: Are We Entering the Final Stage?
Recent television discussions and analyst commentary suggest that Iraq has officially modernized the dinar’s infrastructure. According to repeated statements from the Central Bank of Iraq, the monetary reform project is now in its final stage.
This does not automatically mean a global foreign exchange (FX) launch has occurred. However, it does confirm that the foundational systems required for normalization are in place.
Featured Snippet: The Central Bank of Iraq has stated that the monetary reform project is in its final stage, confirming the dinar’s financial infrastructure has been modernized.
What Does “Modernized Dinar” Actually Mean?
When officials say the dinar has been modernized, they are referring to:
Updated banking compliance systems
Digital settlement integration
SWIFT-compatible international transfer capability
Alignment with global anti-money laundering standards
Strengthened monetary controls
Modernization is about infrastructure readiness, not immediate revaluation.
Is Iraq Connected to International Banks?
Short Answer:
Yes — technically. No — not yet in terms of full global FX launch.
Operate within global banking communication systems
Iraq is connected to global correspondent banking networks, which is a critical prerequisite for currency normalization.
Featured Snippet: Iraq is technically connected to global correspondent banking systems, enabling international transfers, but this does not confirm a full foreign exchange revaluation.
Technical Connectivity vs. Global FX Activation
There is an important distinction investors must understand:
Technical Readiness
Full FX Launch
Banking system connected
Currency globally floated
SWIFT access enabled
International trading volume visible
Cross-border settlements active
Market-determined exchange rate
What we are currently seeing appears to be technical readiness, not yet the public FX event.
The Shift in Banking Attitudes Toward the Iraqi Dinar
According to commentary from Frank26, there has been a noticeable shift in how banks respond to inquiries about the Iraqi dinar.
Banking sentiment toward the dinar has shifted since 2023.
Full FX normalization has not yet been officially confirmed.
Investor Reminder
MarkZ Disclaimer: Please consider everything on this call as personal opinion. Individuals taking notes may miss context. It is best to watch full discussions for complete understanding. Always consult a qualified financial professional before making any investment decisions.
TV talking about Iraq has modernized the dinar...The CBI has repeatedly said the monetary reform project is in its final stage...so yes, the infrastructure of the dinar has been modernized.
Is Iraq connected to all international banks?
Not in the sense of global FX launch but yes in the term of technical connectivity...All compliant Iraqi banks can send and receive international transfers.
Iraq is connected to global correspondent banking networks...They're describing the technical prerequisites for FX normalization - not the final step itself.
Frank26
Back in 2023 the moment you said [dinar], BOOM, it's a scam!. But now the moment you say Iraqi dinar, BOOM, we'd like to talk to you, or how can we help you. If you hear that it's a scam it would be maybe 1 out of 10 [banks] whereas back in '23 it was all 10. You see the difference? It's not a secret anymore. Everybody knows.
With the start of Ramadan, a breakthrough is expected in the presidential deadlock, with the nomination of the candidate from the largest bloc.
Abdel Samad Zarkoushi, a member of the coordinating framework, predicted on Friday (February 13, 2026) that the candidate of the largest bloc would be appointed during the first days of the holy month of Ramadan.
Al-Zarkoushi told Baghdad Today that “dialogues and meetings of the Coordination Framework forces are continuing almost daily, and there are serious efforts to resolve the issue of the position of President of the Republic,” noting that “important understandings have been reached in the past few days, and are expected to be reflected in next week’s meetings.”
He added that "the readings available to us indicate that the issue of electing the President of the Republic and assigning the candidate of the largest bloc will be resolved in the first days of Ramadan," noting that "the forces of the framework are still holding on to their candidate Nouri al-Maliki for the next government, and there are no changes in this direction."
Al-Zarkoushi confirmed that "the forces of the framework will hold an important meeting next week, perhaps before the month of Ramadan, to discuss several issues, and its outcomes may lead to accelerating the pace of setting a session for the House of Representatives to vote on the President of the Republic, after which the latter will assign the candidate of the largest bloc."
These statements come amid continued political deadlock over the appointment of the President and Prime Minister, following repeated rounds of talks between the Coordination Framework forces and other political forces.
The House of Representatives had failed in previous sessions to achieve the legal quorum necessary to elect the President of the Republic, which led to postponing the decision more than once, amid political tensions and disagreements over the candidates.
According to the Iraqi constitution, the election of the president of the republic precedes the step of assigning the candidate of the largest parliamentary bloc to form the government, which makes this entitlement pivotal in ending the state of paralysis and moving towards forming a new government to manage the next stage. link