The Imminent Opening Of Nasiriyah International Airport After The Completion Of The Final Stages Of Rehabilitation.
Money and Business Economy News – Baghdad The Ministry of Transport will soon officially open Nasiriyah International Airport, after the rehabilitation work on its various components and main facilities has reached its final stages.
The director of the ministry’s media office, Maitham Al-Safi, explained that the engineering and technical teams are continuing to work at an increasing pace to complete the remaining sections of the rehabilitation work, especially the air navigation systems and devices, and the communications and safety systems, in preparation for entering the trial operation phase in the next few months.
He stated that the airport represents a strategic addition to the network of operating airports in the country, as it will serve Dhi Qar and the neighboring governorates, which will contribute effectively to relieving pressure on other airports, as well as supporting tourism, religious and commercial activity and opening up broad and wide horizons for businessmen and investment funds to enter the governorate.
Al-Safi explained that the civil works on the main runway and aircraft parking areas are largely complete, while the passenger terminals and service buildings are nearing completion. Internal road networks and airport infrastructure are also nearing completion.
Currently, coordination is underway with relevant authorities to finalize accreditation and operational requirements in accordance with internationally recognized civil aviation standards.
He noted that the airport's operation will provide direct and indirect job opportunities for hundreds of residents of Dhi Qar Governorate, and will contribute to revitalizing the service and commercial sectors, in addition to strengthening air connectivity between southern Iraq and regional and international destinations.
The ministry's media office director noted that the final opening date for the airport will be officially announced after all technical tests and operational safety requirements are completed, ensuring its readiness to operate at full capacity. He described the airport as one of the most important strategic projects through which the government hopes to strengthen the infrastructure of the air transport sector, in addition to supporting economic development plans in the governorates. https://economy-news.net/content.php?id=65974
Jeff provides a detailed breakdown of why the Iraqi dinar could soon regain its historical value. The focus lies on OFAC sanctions, government formation, and economic reform. Historically, the Iraqi dinar has traded higher than the Kuwaiti dinar, and experts like Jeff suggest that removing sanctions could return the dinar to $3+, potentially nearing $4 when factoring inflation over 22 years.
This post examines Jeff’s insights, explains the revaluation phases, and answers critical questions for the Dinar and international investment community.
Jeff February Update Highlights
1. Historical Value of the Iraqi Dinar
Historically, Iraq’s dinar was valued higher than the Kuwaiti dinar.
Today, the Kuwaiti dinar is $3.26 USD, while the Iraqi dinar was historically higher prior to sanctions in 2003.
Jeff emphasizes the importance of retracing the steps that lowered the currency’s value, which were primarily US sanctions.
Featured snippet:
“Historically, the Iraqi dinar traded above the Kuwaiti dinar, and removing sanctions could restore its pre-2003 value.”
2. OFAC Sanctions and Reinstatement
The US Treasury OFAC sanctions remain the primary restriction on Iraq’s currency.
Jeff argues that removing OFAC sanctions would likely restore the dinar to $3.22, with potential adjustments for inflation over 22 years, reaching the high $3 range, just shy of $4.
Sanctions directly impacted the currency’s value, making their removal a critical step for revaluation.
Google Discover snippet:
Removing OFAC sanctions could restore the Iraqi dinar’s value to $3.22 or higher, reflecting historical levels prior to 2003.
3. Phases Toward Revaluation
Jeff outlines three key phases necessary for Iraq’s revaluation and economic reintegration:
Phase 1: Resolve the president and government formation. Phase 2: Implement the rate change for the dinar. Phase 3: Accelerate legislative and economic reforms, enabling deeper trade and financial integration globally.
According to Jeff: “The formation of the government is the lynchpin to Iraq revaluing and getting back on the international world stage.”
4. Why the 2003 Sanctions Matter
The value of the Iraqi dinar was artificially lowered in 2003 due to US sanctions.
Currently, the only remaining obstacle is the US Treasury OFAC sanctions.
Jeff’s point: removing sanctions would likely reinstates the dinar, restoring it closer to historical pre-2003 values.
Jeff Member Q&A
Q1: What is the projected value if OFAC sanctions are removed? A: Likely $3.22, with inflation adjustments potentially pushing it near $4 USD.
Q2: What is the first step toward RV? A:Government formation and presidential resolution—the lynchpin for revaluation.
Q3: How long would it take after sanctions removal for the rate change? A: After sanctions are lifted and government formation is confirmed, rate change could happen relatively quickly, followed by legislative and economic reforms.
Sanctions removal is critical: OFAC sanctions are the main factor holding the currency down.
Revaluation phases: Government formation, rate change, then economic reform.
Potential value: $3.22+ USD, possibly high $3 range accounting for inflation.
Conclusion
Jeff’s February update underscores that removing OFAC sanctions and resolving government formation are pivotal for Iraq’s currency reinstatement. Historical trends suggest that once these steps occur, the Iraqi dinar could regain its pre-2003 value, bringing it into the $3+ range and restoring Iraq’s position on the global financial stage.
Investors should remain patient, informed, and attentive to these critical developments.
Jeff Disclaimer: This update reflects opinion and analysis. Always verify information and consult financial professionals before making investment decisions.
Historically Iraq [dinar] has always been above Kuwait [dinar] value...Today the value of the Kuwaiti dinar against the US dollar is $3.26...Historically Iraq was always a higher currency value than Kuwait...Undo what was done to lower the value of Iraq's currency...
OFAC sanctions, take the sanctions off, the currency value reinstates back to $3.22, put some inflation on that over 22 years, probably somewhere in the the high $3 range, just shy of $4.
The formation of the government is the lynch pin to Iraq revaluing and getting back on the international world stage...Phase 1: Resolve president and government formation. Phase 2: The rate change.Phase 3: Accelerate legislative and economic reform execution, deeper trade and financial integration.
You've got to retrace your steps in this. What brought the value of the dinar down in 2003?
It's called US sanctions. Right now the only remaining sanctions on Iraq are the US Treasury OFAC sanctions. So, if sanctions automatically brought the value of the the dinar down, what happens when you take sanctions off?...Wouldn't that suggest it maybe reinstates, putting it back in the $3+ range? ...You take the US OFAC sanctions off, it puts it back to $3.22...
The Dollar Is Falling Against The Euro And The Pound After Trump Restricts His Customs Powers.
Money and Business Economy News - Follow-up The dollar fell on Monday as traders saw the U.S. Supreme Court's decision to overturn tariffs imposed by President Donald Trump as supportive of global growth, but remained cautious due to the continuing risk of repercussions from the Iranian issue.
The euro rose 0.4% to $1.1820 and sterling gained 0.3% to $1.3516 in Asian trading, which was relatively quiet due to a holiday in Japan and Lunar New Year celebrations in China. The dollar fell 0.4% to 154.40 yen.
The Supreme Court ruled on Friday that Trump's sweeping tariffs exceeded his authority. Trump responded by strongly criticizing the court and imposing a 15% tariff on all imports, insisting on maintaining high tariff agreements with trading partners, according to Reuters.
Sim Moh Siong, a currency strategist at OCBC Bank in Singapore, said: "This weakens the dollar because it could benefit economic growth in regions outside the United States."
He added that the long-term implications for the exchange rates of other currencies are less clear, as the decline in US revenues is likely to have a negative impact on the financial situation and the dollar, while oversight of Trump’s power may be a positive thing, by limiting one of the sources of policy volatility.
The New Zealand dollar rose slightly, but the Australian dollar fell a little to $0.7070.
The Swiss franc, a safe-haven currency, rose significantly by 0.5% to 0.7727 per dollar.
In addition to the implications of the tariff issue, markets are focusing on the US military buildup in the Middle East and the pressure on Iran regarding the nuclear issue, and are awaiting Trump's State of the Union address on Tuesday. https://economy-news.net/content.php?id=65971
Hold onto your seats—according to Mnt Goat, the coming weeks could be explosive for the financial and political landscape surrounding the revaluation (RV). However, the situation is currently in waiting mode, particularly as Iranian influence in Iraq and related tensions continue to play a pivotal role.
In this post, we break down Mnt Goat’s latest insights, what it means for investors and the Dinar community, and provide actionable takeaways.
Mnt Goat February Update Highlights
1. Waiting on Iranian Issues
The Iraqi Speaker of Parliament has put all sessions on hold until Iranian-related issues are resolved.
According to Mnt Goat’s Central Bank of Iraq (CBI) contact, reinstatement or progress on the RV cannot happen until
The United States is reportedly not ready to sign off, which means delays will persist until diplomatic and political pressures are resolved.
Featured snippet:
“Iraqi parliamentary sessions are on hold due to Iranian influence and regional tensions, delaying key financial decisions.”
2. Why Patience Is Crucial
Many observers see the current situation as gloom and doom, but Mnt Goat encourages seeing the glass as half full.
Iraqi politics are known for sudden pivots and unexpected changes, which could quickly shift the landscape.
The waiting period is temporary; resolution of Iranian influence could trigger
rapid movement in reinstatement and RV plans.
Google Discover snippet:
Things in Iraq can change suddenly—once Iranian-related issues are resolved, RV and financial announcements may move quickly.
3. What This Means for Investors
Short-term: Patience is essential. Avoid making impulsive moves based on rumors.
Medium-term: Once Iranian tensions ease and the US signs off, the RV process could accelerate rapidly.
Key takeaway: Monitor news from Iraq closely, particularly political negotiations and statements related to Iranian influence.
Mnt Goat Member Q&A
Q1: Why are Iraqi parliamentary sessions on hold? A: The Speaker of Parliament paused sessions due to Iranian influence and unresolved tensions with Tehran.
Q2: Will the RV happen immediately once issues are resolved? A: Likely, the process could move quickly, but exact timing depends on political clearance and CBI decisions.
Q3: Should we worry about these delays? A: No, sudden changes in Iraq are common. Mnt Goat encourages viewing developments positively and staying calm.
Key Takeaways
Current delays are tied to Iranian influence in Iraq and related US oversight.
Patience is critical—political shifts can happen suddenly.
RV could move rapidly once issues are resolved, making it essential to stay informed.
Keep perspective: glass half full, not empty—positive outcomes are still likely.
Conclusion
Mnt Goat’s February update emphasizes caution, awareness, and optimism. While Iranian influence and parliamentary delays are temporary hurdles, Iraq’s political landscape is known to pivot quickly.
For those monitoring the RV and QFS, staying calm, informed, and patient will pay off in the coming explosive weeks.
Hang on to your seats because the next couple weeks are going to be explosive, but right now we are in waiting mode until these Iranian issues are resolved...The Iraqi speaker of parliament has put all sessions on hold...until these issues are settled...my CBI contact...
assures me that unless the Iranian influence in Iraq is addressed, along with tensions from Tehran, there will not be a reinstatement. The US will not sign off and will hold it up...Many of us may look at what is happening in Iraq as gloom and doom with this Iranian issues...Let’s keep looking at the glass as half full and not empty....things in Iraq are known to change suddenly and pivot...
CBI Warns Of Fraud Schemes Involving Various Banknotes
Baghdad – INA The Central Bank of Iraq on Monday warned of fraud and scam operations being carried out using different types of banknotes.
In a statement received by the Iraqi News Agency (INA), the bank’s media office said it had detected several fraud schemes carried out by individuals seeking illicit financial gain, urging citizens to exercise caution to avoid falling victim to such practices.
The bank explained that the most prominent schemes observed inside Iraq include the sale of a so-called $1,000,000 banknote presented as legal tender, when in fact it is merely a non-circulating commemorative note. It stressed that the highest denomination of U.S. currency in circulation is the $100 bill.
It added that scammers are also promoting black-coated paper cut to the same dimensions as a $100 bill, falsely claiming the notes will return to circulation once the black substance is removed—an assertion the bank categorically denied.
The statement further noted that fraudsters are circulating withdrawn foreign banknotes that no longer hold any monetary value and exchanging them for Iraqi currency at inflated amounts using various deceptive pretexts.
It also warned against counterfeit or printed dollar and dinar notes marked with terms such as “specimen,” “invalid,” or similar labels, often marketed as genuine currency despite being intended only as toys or samples.
