Wednesday, March 4, 2026

🚨 Frank26 Iraq Dinar Update: Middle East Conflict, Strait of Hormuz Tensions & What It Means for the Iraqi Dinar

 The latest commentary from Frank26 presents a comprehensive perspective on the evolving geopolitical and economic landscape involving IraqIran, and the United States.

The March 2, 2026 discussion blends spiritual reflection, geopolitical analysis, and economic observations, particularly focusing on the pressures currently affecting the Iraqi dinar and the broader Middle East.

Below is a structured breakdown of the key developments discussed and what they could potentially mean for regional stability and currency markets.


Spiritual Reflection and the Beginning of the Broadcast

The presentation begins with a prayer emphasizing faith, patience, and reliance on divine guidance during uncertain times.

Frank highlights 2026 as the 250th anniversary of the United States, yet stresses that spiritual awareness and reflection are more important than political celebrations during turbulent global events.

This opening sets the tone for a discussion that combines 

faith, geopolitical analysis, and financial insights.


Escalating Middle East Conflict

One of the central themes in the broadcast is the rapidly evolving military situation involving Iran and the United States.

According to the commentary:

  • U.S. forces reportedly destroyed nine Iranian naval vessels

  • Iranian naval headquarters were allegedly targeted

  • The operations are framed as efforts to stop Iran’s nuclear advancement

These claims, while discussed within the commentary, should be considered analysis and opinion rather than confirmed military reports.

The situation reflects broader tensions that have long defined the geopolitical dynamics of the Middle East.


The Strategic Importance of the Strait of Hormuz

A major point of discussion is the Strait of Hormuz, one of the most critical oil shipping lanes in the world.

Key claims mentioned include:

  • Iran allegedly attempting to close the strait

  • Potential global oil supply disruptions

  • Economic losses estimated around $280 million per day

However, according to the commentary, ships are still navigating the waterway cautiously, often escorted by U.S. forces.

Because approximately one-fifth of global oil supply passes through the Strait of Hormuz, any disruption can have serious implications for global energy markets.


Political Instability Inside Iraq

Internal political tensions remain another major factor influencing Iraq’s economic environment.

The discussion references the ongoing rivalry between:

  • Nouri al-Maliki

  • Mohammed Shia' Al Sudani

According to the commentary:

  • Sudani reportedly declared himself commander-in-chief of Iraqi armed forces by proxy

  • Political factions continue competing for control

  • Militia influence remains a destabilizing factor

These power struggles are widely seen as obstacles to broader economic reforms.


Protests and Militia Influence

The video also addresses violent protests reportedly occurring near Baghdad, particularly around a southern bridge area.

According to the analysis:

  • Many protests may involve Iran-backed militias

  • Some demonstrations are described as politically orchestrated

  • Regional factions are attempting to influence Iraq’s internal stability

Political protests and militia activity have historically been part of Iraq’s complex political landscape since the early 2000s.


Pressure on the Iraqi Dinar

Another major topic discussed is the continued pressure on the Iraqi currency.

The Iraqi dinar is reportedly facing challenges due to:

  • Black market currency trading

  • Political instability

  • Regional conflict concerns

The commentary emphasizes that the current weakness of the dinar is not necessarily caused by war damage but rather by currency manipulation and informal trading markets.


Bartering Suggested as Temporary Economic Strategy

One of the more practical suggestions offered in the broadcast involves adopting bartering systems in times of currency instability.

Bartering allows individuals and businesses to exchange:

  • Goods

  • Services

  • Agricultural products

  • Labor

without relying on unstable currency values.

Historically, barter systems often emerge in economies experiencing:

  • Currency volatility

  • Inflation

  • Supply disruptions


Oil Prices and Global Energy Markets

Despite fears of dramatic oil price spikes due to the regional conflict, the commentary notes that global oil markets have remained relatively stable.

Economic indicators mentioned include:

CommodityValue
Gold$5,385
Silver$96
Natural Gas$3.28
WTI Oil$73 per barrel

The stability of oil prices is attributed in part to ongoing efforts to maintain shipping routes and energy supply flows.


Estimated Timeline of the Military Campaign

According to the commentary, the current regional military campaign could last approximately:

4 to 5 weeks or longer

The discussion suggests that the United States may be progressing faster than expected in achieving strategic objectives.

However, geopolitical conflicts rarely follow precise timelines, and developments can evolve quickly.


Cultural Reflection and Personal Stories

In a lighter segment of the broadcast, Frank shares cultural insights related to tropical fruits connected to his heritage.

Fruits mentioned include:

  • Kumquat

  • Lychee

  • Cocoa bean

These fruits are discussed in connection with rainforest ecosystems and ancient traditions associated with Aztec civilization.

The segment provides a cultural pause from the intense geopolitical analysis.


Featured Snippet: Why Is the Iraqi Dinar Under Pressure?

The Iraqi dinar is currently under pressure due to:

  • Black market currency trading

  • Political instability in Iraq

  • Regional tensions involving Iran

  • Economic uncertainty in global energy markets

These factors can influence investor confidence and currency stability.


Q&A: Iraq Dinar and Middle East Developments

Is the Iraqi dinar collapsing?

No official collapse has been confirmed. The currency is experiencing pressure mainly from black market trading and political instability.


Why is the Strait of Hormuz so important?

The Strait of Hormuz is one of the world’s most vital oil shipping routes, with roughly 20% of global oil supplypassing through it.


Are protests in Iraq affecting the economy?

Political protests and militia activities can disrupt economic stability, especially when they affect infrastructure or investor confidence.


Could geopolitical tensions affect oil prices?

Yes. Conflicts in major oil-producing regions often influence global energy markets, although prices may stabilize if supply routes remain open.


Key Takeaways

The March 2026 commentary highlights several interconnected factors shaping the region:

  • Rising tensions between Iran and the United States

  • Political instability within Iraq

  • Black market pressure on the Iraqi dinar

  • Strategic importance of the Strait of Hormuz

  • Economic uncertainty tied to global energy markets

While these issues continue to evolve, observers remain closely focused on developments in Iraq’s political leadership and financial reforms.


Stay Connected for More Dinar Updates

📊 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

#IraqiDinar
#Frank26
#DinarRV
#MiddleEastConflict
#StraitOfHormuz
#IraqEconomy
#GlobalOilMarket
#CurrencyReset
#EconomicUpdate
#Geopolitics

FRANK26: 

Summary of Video Content

The video, dated March 2, 2026, features a speaker known as Frank delivering a detailed commentary on the geopolitical and economic situation involving Iraq, Iran, and the United States. The content is a mix of spiritual invocation, political analysis, and practical advice for those affected by regional instability and currency fluctuations, particularly focusing on the Iraqi dinar.


Key Themes and Insights

  • Spiritual Opening and Reflection:
    The video begins with a prayer and spiritual reflection, emphasizing reliance on God and seeking divine guidance amid the unfolding events in the Middle East. The speaker highlights the significance of 2026 as America’s 250th anniversary but chooses to focus on the “Holy Spirit” rather than secular celebrations.

  • Geopolitical Situation in the Middle East:

    • Conflict and Military Actions:
      The speaker discusses ongoing military conflict involving Iran and the United States, mentioning that the U.S. has sunk nine Iranian ships and destroyed Iranian naval headquarters as part of a campaign to prevent Iran from advancing its nuclear weapons program.
    • Iranian Military Leaders Seeking Immunity:
      Iranian military factions reportedly seek immunity amid escalating tensions, signaling internal pressures and fears within Iran.
    • Straits of Hormuz:
      There are claims that Iran has closed the Straits of Hormuz, a critical global oil transit point, costing the U.S. approximately $280 million daily. However, the speaker asserts that ships continue to pass cautiously, escorted by U.S. forces, suggesting Iran’s threats outweigh their actual capabilities.
    • Political Instability in Iraq:
      The speaker details internal strife involving Iraqi political figures Maliki and Sudani, with Sudani declaring himself commander-in-chief of the armed forces by proxy amid ongoing power struggles.
    • Protests and Militias:
      Violent protests, especially around Baghdad’s southern bridge, are attributed mostly to Iranian-backed militias rather than genuine civilian dissent. The speaker claims protests in the U.S. are similarly orchestrated by far-left groups and terrorist cells aiming to destabilize.
  • Impact on Iraqi Economy and Currency (Iraqi Dinar):

    • Currency Devaluation and Black Market Activity:
      The Iraqi dinar is losing value primarily due to black market pressures rather than direct war damage. The speaker advises adopting bartering systemsas a practical way for Iraqi citizens and businesses to cope with currency instability until the dinar’s value recovers.
    • Oil Prices and Economic Effects:
      Despite predictions of oil prices soaring above $100 per barrel due to conflict, prices have only risen moderately thanks to U.S. efforts to maintain stability in the region.
    • Economic Indicators Shared:
      Data points include gold at $5,385, silver at $96, natural gas at $3.28, and WTI crude oil at $73 per barrel, with stock market concerns tied to inflation and Federal Reserve policies.
  • Military Campaign Timeline and Outlook:
    The conflict is expected to last four to five weeks or longer, with U.S. forces reportedly ahead of schedule in their objectives. The speaker compares the prolonged nature of military operations to personal health battles requiring multiple treatments, emphasizing patience and resolve.

  • Social Commentary and Practical Advice:

    • Protest Dynamics:
      The speaker stresses that many protests are orchestrated events rather than organic public outcry.
    • Bartering as an Economic Survival Strategy:
      Encourages local communities to exchange goods and services directly to mitigate the impact of currency devaluation and black market trading.
    • Encouragement Amid Hardship:
      Calls for patience and faith, reassuring listeners that despite current hardships, the situation will improve.
  • Additional Personal and Cultural Content:

    • Frank shares insights into tropical fruits such as kumquatslychee, and cocoa seeds, connecting these to his Mexican heritage and the Aztec culture.
    • He offers a lighthearted and engaging segment on these fruits, linking cultural history to natural products that originate from rainforest regions.
  • Community Engagement:
    Frank mentions a Canadian contact, Dan, offering assistance to audience members, illustrating efforts to provide practical help and maintain community support.


Timeline of Key Events and Statements

Time FrameEvent/Statement
Early March 2, 2026U.S. military action destroys 9 Iranian ships and naval HQ; ongoing conflict in Middle East.
Morning of March 2Sudani declares himself commander-in-chief of Iraqi armed forces by proxy.
Throughout the dayIranian militias cause violent protests near Baghdad bridge; U.S. consulate and embassy closed.
OngoingIran allegedly closes Straits of Hormuz, impacting global oil trade; ships continue to pass.
ForecastMilitary campaign expected to last 4–5 weeks, possibly longer; U.S. ahead of schedule.
Economic data sharedGold: $5,385; Silver: $96; Natural Gas: $3.28; WTI Oil: $73; Inflation concerns noted.

Quantitative Data Table

Commodity/MetricValueNotes
Gold$5,385Indicative of market conditions
Silver$96
Natural Gas$3.28
WTI Crude Oil$73 per barrelSlightly elevated due to regional tensions
U.S. Loss Due to Hormuz$280 million/dayEstimated cost due to Iranian closure of the straits
Duration of Conflict4–5 weeks+Military campaign timeline according to President Trump

Key Terms and Definitions

TermDefinition/Context
Iraqi DinarCurrency of Iraq, currently devaluing due to black market pressures.
Straits of HormuzStrategic waterway critical for global oil shipments.
ProxyPerson authorized to act on behalf of another, used in military command context here.
BarteringExchange of goods or services without using money, suggested as coping strategy.
MilitiasArmed groups often aligned with political factions, involved in local violence.
ISM Manufacturing Price GaugeEconomic indicator related to inflation and manufacturing costs.

Conclusions and Recommendations

  • The ongoing Middle East conflict is complex, involving military, political, and economic dimensions, with significant impacts on Iraq and Iran.
  • The Iraqi dinar is currently weakened, largely due to black market activities rather than direct war damage. A bartering system is recommended as a practical interim solution for Iraqi citizens.
  • The U.S. military campaign is progressing faster than expected but is anticipated to last multiple weeks, during which economic hardships will persist.
  • Protests and political instability are often manipulated by various factions and foreign interests, requiring critical discernment by observers.
  • Economic indicators show mixed signals with inflation concerns but relative commodity stability, influenced by geopolitical events.
  • Community support and resilience, grounded in cultural heritage and practical strategies, are emphasized as vital for enduring the crisis.

This summary reflects the video’s content faithfully, emphasizing the speaker’s viewpoints, factual updates, and practical advice without any extrapolation beyond the source material.

DINAR REVALUATION UPDATE: Bank Exchanges, ZIM Bond Appointments & Redemption Center News #iqd

 

THE FRAMEWORK FOR THE SUDANESE PRESIDENCY TODAY IS TO DECIDE ON THE PRESIDENCIES AND DISCUSS THE REPERCUSSIONS OF THE WAR

 THE FRAMEWORK FOR THE SUDANESE PRESIDENCY TODAY IS TO DECIDE ON THE PRESIDENCIES AND DISCUSS THE REPERCUSSIONS OF THE WAR.

An informed source stated that the coordination framework will meet today, Tuesday (March 3, 2026), to discuss the repercussions of a war between America, Israel and Iran on Iraq and the region.

The source confirmed to Network 964 that the meeting, which will be held at the home of Prime Minister Mohammed Shia al-Sudani, will discuss resolving the issues of the presidency and the prime ministership, especially after exceeding the constitutional deadlines and the country entering a phase of political deadlock.


COFFEE WITH MARKZ: Historic Bonds Moving Quietly, Maliki Exit Rumors & Middle East Tensions — What It Could Mean for the Dinar

Iraq Dinar RV Update: Historic Bonds Moving Quietly, Maliki Exit Rumors & Middle East Developments

The latest discussions surrounding the potential Iraq Dinar Revaluation (RV) continue to generate significant interest across the global currency community. Recent insights from analyst MarkZ suggest that several behind-the-scenes developments may be quietly moving forward, including historic bond processing, political changes in Iraq, and escalating geopolitical tensions in the Middle East.

While nothing has been officially confirmed, the convergence of these factors could play a crucial role in shaping the next phase of the Iraqi financial reform process.

In this comprehensive update, we explore the latest rumors, geopolitical shifts, and economic developments that many observers believe could influence the long-anticipated RV.


Historic Bonds Reportedly Moving Forward Quietly

According to recent commentary from MarkZ, there are increasing rumors that historic bond holders may be quietly moving through the payment process.

Sources suggest that some individuals connected to historic bonds are:

While MarkZ states he cannot independently confirm these reports, anecdotal observations such as sudden large purchases and signs of new wealth among certain individuals have led some to speculate that payouts may already be happening in the background.

If accurate, this step could represent one of the preliminary financial stages often associated with broader monetary resets or restructuring efforts.


Rising Middle East Tensions Could Influence Regional Stability

Another major factor currently impacting Iraq’s financial environment is the rapidly evolving geopolitical situation involving IranIraq, and the broader  Middle East.

Reports indicate that:

  • Military tensions involving Iran are developing faster than previously expected

  • Security concerns have affected oil field operations

  • Strategic waterways such as the Strait of Hormuz remain under heightened attention

The Strait of Hormuz is one of the world’s most critical oil shipping routes, and disruptions there can influence global energy markets.

Some analysts believe increased international security presence in the region may stabilize shipping lanes and ensure oil exports continue flowing.


Iraqi Government Formation May Finally Be Near

Political developments inside Iraq remain one of the most important variables tied to economic reform.

Recent Iraqi political news suggests that former Prime Minister Nouri al‑Maliki may be facing growing pressure to step aside as a candidate in the current government formation process.

Reports indicate:

  • The Coordination Framework coalition is pushing for his removal

  • Maliki has stated he will step down only if there is unanimous agreement

  • A potential vote could occur soon to finalize this decision

If Maliki is removed from consideration, observers believe this could accelerate the path toward appointing Mohammed Shia' Al Sudani as Prime Minister.

Many believe the completion of Iraq’s government formation is a key requirement for economic reforms to proceed .


The Hydrocarbon Law (HCL) May Already Be Prepared

One of the most discussed legislative pieces tied to Iraq’s economic future is the Hydrocarbon Law (HCL).

Rumors circulating among analysts suggest that the law may already be fully prepared behind the scenes, waiting only for a finalized government to officially approve and implement it.

The HCL is considered critical because it would:

  • Define how oil revenues are distributed

  • Establish clearer agreements between Baghdad and regional governments

  • Strengthen economic transparency

Once passed, the law could significantly increase investor confidence in Iraq’s oil sector.


Oil Supply Pressures and Security Concerns

Recent tensions have reportedly forced the temporary shutdown of several oil fields due to security risks.

Key issues include:

  • Threats to infrastructure

  • Limited access through strategic shipping routes

  • Disruptions to tanker transport

However, Iraq has reportedly been increasing domestic refining capacity, allowing it to export refined fuels instead of crude oil once shipping routes stabilize.

This strategy could reduce shocks to global markets when exports resume at full scale.


Possible Naval Security in the Strait of Hormuz

There are also discussions about increased international security operations in the Strait of Hormuz to protect shipping routes.

If naval forces escort tankers through the strait, it could:

  • Prevent disruptions in global oil supply

  • Stabilize export routes for Iraq

  • Reduce geopolitical pressure on energy markets

Some analysts believe such measures would represent a major strategic shift in protecting global energy flows.


Why Government Stability Matters for Iraq’s Currency

For many observers tracking the Iraqi currency reform process, political stability remains the key variable.

Before any major financial shift could occur, Iraq typically needs:

  1. A fully formed government

  2. Passage of key legislation like the HCL

  3. Stable oil export operations

  4. Stronger regional security conditions

The convergence of these factors could create the environment needed for broader economic reforms.


Featured Snippet: What Could Trigger an Iraq Dinar Revaluation?

A potential Iraqi Dinar revaluation (RV) would likely require several conditions, including:

  • A fully formed Iraqi government

  • Passage of the Hydrocarbon Law (HCL)

  • Stable oil exports through the Strait of Hormuz

  • Increased regional security and economic reforms

While speculation continues, no official RV announcement has been made.


Q&A: Iraq Dinar RV and Current Developments

Is the Iraqi Dinar RV confirmed?

No. There is currently no official confirmation that a revaluation has occurred. Most discussions are based on speculation and insider commentary.


Are historic bond holders receiving payments?

There are rumors suggesting some historic bond holders may be receiving payments under NDAs, but these claims have not been independently verified.


Why is the Iraqi government formation important?

A stable government is essential for:

  • Passing economic laws

  • Managing oil revenues

  • Implementing monetary reforms

Without it, major financial changes are unlikely.


What role does the Strait of Hormuz play?

The Strait of Hormuz is one of the world’s most critical oil shipping routes, and disruptions there can impact Iraq’s ability to export oil and stabilize its economy.


Key Takeaway

The coming days could be significant for Iraq as several developments appear to be converging:

  • Possible changes in Iraqi leadership

  • Rumored progress on the Hydrocarbon Law

  • Geopolitical shifts in the Middle East

  • Ongoing speculation around historic bond settlements

While nothing is officially confirmed, many observers believe important pieces may be moving quietly behind the scenes.


MarkZ Disclaimer

Please consider everything on this call as my opinion. People who take notes do not catch everything and it's best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions.


Stay Connected With the Latest RV Updates

📊 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

#IraqiDinar
#DinarRV
#GlobalCurrencyReset
#IraqEconomy
#MiddleEastNews
#HistoricBonds
#FinancialReset
#GoldStandard
#EconomicReform
#DinarCommunity

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: Happy Wednesday …..What is new on the RV front Mark?

MZ: I keep hearing that on Historic Bonds they are moving forward quietly and quickly. I just wish I had more details. There are many rumors that they are using this opportunity and the confusion and smoke to process bond folks quietly through NDA’s on payments. I think it is happening. 

MZ: Can I confirm it? No. but through peoples spending….major purchases and apparent sudden wealth…..I think its going. I think they are getting real, spendable money. Of course its in fiat money. 

MZ: On the Iran front I am hearing from many of my sources that this conflict is moving much faster than anticipated. There is a tremendous amount going on in the middle east.……

MZ: This is very important for Iran, Iraq and the entire region….including the RV. 

Member: What about the Iranian militias in Iraq?

MZ: Iraq has reached out to what is left of the Iranian government and is asking them to curtail the Iranian militias that are trying to come into Iraq and merge with other groups. Iraq does not want them . 

Member: Rumor is the Iraq HCL is already signed

MZ: I have heard HCL is one of the things they have been doing quietly behind the scenes. Preparing everything so that as soon as they seat a Prime Minister and President…..they can stamp it and it is done. 

Member: Since Iraq is taking a lot of time to RV, how is the status of Vietnam Dong perculating ?

Member: Yesterday Mark said they are still going at the same time.

Member: What the heck is going on with Iraq elections? Its been over 2 months and they still have no governement

Member: Frank26 believes Maliki is now gone. 

MZ: In Iraq news:  ”Maliki camp clings to the path of the Prime Ministership” and the Coordination Framework says they are removing him. “Is the Coordination Framework  moving to extend the Sudanese government?” 

MZ: Maliki says if its unanimous- he will step down. But until its unanimous-bite me…It looks like later today there may be a unanimous vote to remove Maliki as a candidate. 

MZ: With what is going on with Iran – it looks like there is a major push to settle the Iraq government this week…..finally. I would not be surprised that right now…it has finally been decided and we will soon see Sudani as the Prime Minister.

MZ: I am watching for that announcement to come out of Iraq at any moment. They need to finish the government  and pass HCL to have more stability.

MZ: Because of the Iranian conflict….they have had to shut down several oil fields for security reasons and  affecting their ability to get their oil out. Also access to the Strait of Hormuz curtails getting oil out via tanker. My thumbnail picture show the bottleneck in security right now…and how easy it is to strangle ships, transportation and fuel supply passing through the straits of Hormuz. 

MZ: The US taking out the Iranian navy will be a game changer is freeing up those oil tankers from Iraq. 

MZ: Iraq right now continues to refine so that when they can ship- they will be shipping refined fuels. They are hoping to shorten the shocks to world markets by shipping it already refined.

MZ: Trump did say that the US Navy would escort ships thought the straits of Hormuz. Another game changer. 

Member:  Mark!! at Chase wealth management center in Michigan yesterday, I asked worker if she knew if the upcoming Reval. she shook head yes, I asked if she was under NDA she shook head yes!! soon!

Member: Thank you, MarkZ, MODs, everyone have a beautiful day.


FRANK26…….PART 2 and BANK STORY

 

A government advisor affirms the Iraqi economy's ability to overcome the short-term crisis

 A government advisor affirms the Iraqi economy's ability to overcome the short-term crisis.

Iraqi investment opportunities

The economic advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the Iraqi economy currently possesses a degree of flexibility in facing the repercussions of the Strait of Hormuz crisis, noting that the strength of the country's foreign reserves constitutes the main shield to contain pressures on the exchange rate and maintain monetary stability in the short term, while the Central Bank has sufficient margin to maneuver in containing fluctuations and warding off immediate disturbances.

Saleh explained to Al-Furat News Agency that "the Strait of Hormuz, located in the southern Gulf, is a vital waterway for approximately 11% of global trade and 20% of the world's crude oil and gas exports. 

He noted that more than 94% of Iraqi oil exports pass through ports in southern Iraq and then through this strait, making its closure a severe challenge for the Iraqi economy, which is almost entirely dependent on this waterway."

Saleh revealed that "closing the strait would mean a drop in oil exports from over 3.4 million barrels per day to less than a quarter of a million barrels, with daily losses ranging between $200 million and $255 million due to the disruption of the normal flow of oil.

 He added that even with global oil prices rising to record levels, potentially reaching $150 per barrel, monthly revenues would plummet from around $7 billion to just over $1 billion, an amount insufficient to cover only 25% to 30% of monthly operating expenses."

Saleh pointed to the "scarcity of alternatives available for exporting Iraqi oil in the event of the Strait's closure," explaining that the only available alternative is the Kirkuk-Ceyhan pipeline with a capacity ranging between 200,000 and 210,000 barrels per day, which can be increased, in addition to a small quantity not exceeding 10,000 barrels that can be exported overland to Jordan. 

He emphasized that these combined quantities represent only a small fraction of normal exports.
Saleh warned that "the relationship between oil revenues and the stability of the Iraqi dinar is a direct and direct one," noting that the main source of dollars in Iraq is oil revenues deposited in the US Federal Reserve. 

He added that any disruption or decrease in these revenues means a decline in the flow of dollars to finance the national economy, thus increasing demand for them as a safe haven in the current climate of uncertainty. He stressed that if the crisis persists, foreign reserves will be depleted in defense of overall stability, which could lead to resorting to austerity measures contingent on the duration of the war in the Gulf.

The economic advisor addressed "other repercussions extending to aspects of the macroeconomy, most notably imported inflation, as Iraq imports most of its food, medicine, and basic commodities. He pointed out that shipping and insurance costs have jumped by up to 50%, which will directly impact commodity prices over time. 

He also warned of the technical damage resulting from the closure of oil fields, explaining that a sudden and prolonged shutdown could cause permanent damage to oil reservoirs, requiring time and significant investment to restore previous production levels even after the strait is reopened."
Saleh concluded that "the fundamental solution lies in expediting the diversification of oil export outlets and reactivating the dormant pipelines.

 He warned that without these alternatives, the national economy will remain hostage to recurring regional crises, and stressed that the economy's ability to overcome the crisis in the short term will remain primarily dependent on the size of the available foreign currency reserves."  link


THE PRESIDENT OF THE REPUBLIC AFFIRMS TO THE GOVERNOR OF THE CENTRAL BANK THE NECESSITY OF STRENGTHENING THE IRAQI DINAR

  THE PRESIDENT OF THE REPUBLIC AFFIRMS TO THE GOVERNOR OF THE CENTRAL BANK THE NECESSITY OF STRENGTHENING THE IRAQI DINAR President Nizar A...