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MP: REPEATEDLY POSTPONING MEETINGS TO DECIDE ON THE PRIME MINISTERSHIP COULD OPEN A DOOR FOR FOREIGN INTERFERENCE
MP Mukhtar al-Youssef, from the Badr parliamentary bloc, warned on Tuesday against the repeated postponement of meetings of the Coordination Framework regarding the selection of the largest bloc’s candidate for the position of the next prime minister. He called on the framework’s leaders to resolve the issue next Wednesday, as further delays could open the door to foreign interference.
Al-Youssef told the Information Agency that “the leaders of the Coordination Framework are obligated to their constituents and the Iraqi public to resolve this issue in next Wednesday’s meeting,” warning that “continued postponement will have undesirable repercussions on the political landscape.”
He added that “failure to resolve the prime minister issue as quickly as possible could open the door to foreign interference in national affairs, which is completely unacceptable.”
It is worth noting that the leaders of the Coordination Framework held a meeting Monday evening without reaching an agreement on the largest bloc’s candidate for the next prime minister, and the meeting was postponed until Wednesday.
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💵 IRAQ AND CASH CONTROL: A STRATEGY OF STABILITY AND FUTURE MONETARY FLEXIBILITY
Monetary reforms in Iraq, led by the Central Bank of Iraq, have sparked an important debate: are these changes purely about modernization, or do they also indirectly prepare the system for potential future adjustments in the value of the Iraqi dinar?
From a technical perspective, what is clear is that Iraq is building greater control over its financial system, especially through cash management and financial digitization.
💵 1. Cash control: more than an operational reform
Reducing reliance on physical cash means:
Greater traceability of transactions
A smaller informal economy
Less circulation outside the banking system
Stronger visibility over real economic activity
📌 This allows the state to better understand “what is actually happening” inside the economy.
🏦 2. Why this is being done now, not later
In cash-heavy economies:
Inflation is harder to measure accurately
Monetary policy becomes less effective
Parallel (informal) dollar markets emerge
Exchange rate control weakens
📌 That is why reforms are implemented first:
The system must be structured before more complex monetary policies can be effective.
⚖️ 3. Does this prepare a potential future revaluation?
This is where interpretation enters the discussion.
A more controlled financial system:
✔️ Improves monetary policy precision
✔️ Reduces distortions from parallel markets
✔️ Strengthens trust in the local currency
✔️ Makes any future exchange rate adjustment more manageable
📌 In theory:
A more formal and controlled system makes any future monetary adjustment easier, including a gradual strengthening of the currency.
🧠 4. Key distinction: capacity vs intention
It is essential to separate two ideas:
✔️ Confirmed reality:
Iraq is building:
Monetary control systems
Financial digitization
Reduced dependence on cash
❌ Not confirmed:
That these reforms are specifically designed to trigger a revaluation of the dinar
📌 In economic terms:
Having the capacity for a policy change does not mean there is an intention to implement it.
🌍 5. Real signals to watch (if a true revaluation were ever being prepared)
Economists typically look for concrete indicators before expecting a meaningful currency revaluation:
🟢 1. Gradual exchange rate liberalization
Reduced central bank intervention
More market-driven pricing mechanisms
🟢 2. Sustained increase in foreign reserves
Strong and stable accumulation of external assets
Significant financial buffers in hard currency
🟢 3. Real economic diversification
Reduced dependence on oil revenues
Growth in non-oil exports
🟢 4. Full unification of exchange rates
Elimination of parallel market distortions
A single, credible exchange rate
🟢 5. Clear official monetary communication
Explicit central bank policy signaling
Legal and regulatory preparation for structural changes
📌 If these signals are not present together:
There is no strong economic basis to expect a structural revaluation in the short term.
🧭 CONCLUSION
Cash control in Iraq should primarily be understood as:
✔️ A financial modernization reform
✔️ A tool to increase institutional control over the monetary system
✔️ A way to reduce internal economic distortions
And only indirectly:
✔️ A framework that could support future monetary flexibility if macroeconomic conditions evolve positively
📌 Final idea:
Iraq is not signaling an imminent revaluation, but it is building a system where, if major monetary adjustments were ever needed in the future, they could be implemented with greater control and lower systemic risk.
Daily Iraqi dinar updates with insights from popular dinar gurus.
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Daily Iraqi dinar updates with insights from popular dinar gurus.
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We are not a registered investment adviser, broker-dealer, or bank.
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THE PRESIDENT OF THE REPUBLIC AFFIRMS TO THE GOVERNOR OF THE CENTRAL BANK THE NECESSITY OF STRENGTHENING THE IRAQI DINAR
President Nizar Amidi emphasized to the Governor of the Central Bank of Iraq, Ali Al-Alaq, on Saturday (April 25, 2026), the necessity of strengthening the Iraqi dinar and continuing reforms.
A statement from the Presidency, received by Baghdad Today, indicated that “President Nizar Amidi received the Governor of the Central Bank of Iraq, Ali Al-Alaq, who offered his congratulations on assuming the presidency.”
The President expressed his “gratitude and appreciation for the kind congratulations,” stressing “the importance of cooperation between monetary and financial institutions in supporting economic stability and achieving sustainable development.”
The President emphasized “the necessity of strengthening the Iraqi dinar and continuing reforms,” noting that “the Presidency supports the bank’s monetary policies that contribute to improving the standard of living for citizens and stimulating growth in the country.”
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The author criticizes so-called “intel gurus,” saying they have repeatedly been wrong for months about an imminent Iraqi dinar RV (revaluation), claiming they rely on rumors, speculation, and no real evidence.
💰 Dollar situation in Iraq
Iraq has been gradually de-dollarizing its economy and increasingly using the dinar.
U.S. financial support in dollars has been reduced over time.
Dollars are now mainly used for specific purposes like travel, study, or medical needs.
The official exchange rate remains around 1320 IQD per USD, showing the dinar is still pegged to the dollar.
⚠️ Black market and corruption
Parallel (black) markets still manipulate dollar access and exchange rates.
Some illegal networks allegedly linked to political or foreign interests continue dollar-related smuggling and laundering activities.
The author claims the old “dollar auction window” system is no longer in place.
🏛️ Political situation in Iraq
Ongoing political disputes continue over forming a new government and selecting the prime minister.
Ali Al-Zaidi is mentioned as a key candidate supported by the United States.
There is tension between Iranian influence and Iraqi sovereignty.
The U.S. supports a more independent Iraqi government free from militia control.
🇺🇸 Role of the United States
U.S. support is tied to Iraq reducing the influence of Iran-backed militias (PMF).
Washington emphasizes sovereignty, stability, and security.
Rewards are being offered for information on certain militia leaders labeled as terrorists.
🛢️ Economic implications
If Iraq achieves political stability and reforms, it could advance:
the “Project to Delete the Zeros”
broader monetary reform efforts
Infrastructure projects like the “Development Road Project” could strengthen Iraq’s economy and trade position.
🔮 Conclusion
The RV has not happened because key political and security conditions are still unresolved.
The author believes progress is being made slowly in the right direction.
They remain optimistic that reform is possible once internal issues in Iraq are resolved.
Daily Iraqi dinar updates with insights from popular dinar gurus.
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Daily Iraqi dinar updates with insights from popular dinar gurus.
Subscribe for more updates and breaking news.
We are not a registered investment adviser, broker-dealer, or bank.
🔗 Blog: https://dinarevaluation.blogspot.com/
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