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Terrence
[Central Bank/International Bank Regulator]
Central banks move very very slow. It's like watching grass grow or paint dry.
They're not generally in a hurry to do anything.
But once things get approved, things could actually move very rapidly...
The last several years, the pace at which they've been doing things have really been quite impressive...
Having watched this for the past two years and then seeing within the last year how quickly things have started to move, I'm excited. I'm hopeful. ๐๐ข FOLLOW & JOIN OUR COMMUNITY
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SPANISH
[Regulador Bancario Internacional/Banco Central]
Los bancos centrales suelen moverse muy, muy lentamente. Es como ver crecer el cรฉsped o esperar a que se seque la pintura. Normalmente no tienen prisa para tomar decisiones importantes.
Sin embargo, una vez que los procesos internos reciben todas las aprobaciones necesarias, los acontecimientos pueden avanzar con mucha rapidez.
Durante los รบltimos aรฑos, el ritmo de trabajo y de implementaciรณn de cambios ha sido realmente impresionante. Despuรฉs de haber observado este proceso durante los รบltimos dos aรฑos, y especialmente viendo lo mucho que se ha acelerado en el รบltimo aรฑo, me siento entusiasmado y esperanzado.
Iraq continues sending a strong message that the fight against corruption remains a top national priority. As the country pushes forward with economic, banking, and institutional reforms, authorities are also taking decisive action against high-level corruption cases that have long undermined public trust and economic development.
⚖️ According to recent news, Iraq's Supreme Judicial Council has released new details in the corruption case involving Adnan al-Jumaili, the former Deputy Minister of Oil for Refining Affairs.
The Council announced that authorities have confiscated assets totaling approximately:
๐ต $10 million USD
๐ธ 31 billion Iraqi dinars
๐ Dozens of properties
๐ Multiple luxury vehicles
These confiscations reflect ongoing judicial efforts to recover public funds and hold former officials accountable for alleged corruption.
๐ฆ At the same time, Iraq's leadership continues to emphasize the importance of banking reform, financial transparency, and adopting international standards. Combined with major government restructuring and institutional modernization, these actions point toward a broader effort to strengthen the country's governance and create a more attractive environment for investment.
๐ Investors and international financial institutions have consistently stressed that transparency, accountability, and a strong rule of law are essential for sustainable economic growth. Every successful anti-corruption action helps reinforce confidence in Iraq's institutions and supports the country's long-term reform agenda.
✨ For those following the Iraqi dinar (IQD), it's important to remember that no official RV has been announced. However, many in the dinar community view continued reforms—including anti-corruption measures, banking modernization, and stronger institutions—as positive developments that could support Iraq's long-term economic goals.
๐ฎ๐ถ Step by step, Iraq appears to be addressing long-standing challenges, strengthening its institutions, recovering public assets, and building a more transparent and accountable government. Many observers remain hopeful that these reforms will continue paving the way for a stronger economy and greater international confidence.
๐ Progress may not always happen overnight, but every reform completed is another step toward the Iraq many have been waiting to see.
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#Iraq ๐ฎ๐ถ #IQD #IraqiDinar #RV #EconomicReform #AntiCorruption #BankingReform #CBI #Investment #FinancialReform #Transparency #RuleOfLaw #MiddleEast #DinarNews #Hope #Progress
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The Supreme Judicial Council of Iraq has announced the latest figures related to the corruption case involving Adnan al-Jumaili, former Deputy Minister of Oil for Refining Affairs.
According to the official statement, the total value of confiscated funds has reached 10 million U.S. dollars and 31 billion Iraqi dinars, in addition to dozens of properties and luxury vehicles.
Read more: https://channel8.com/english/news/60370
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According to Majeed, the following measures are expected from the government of Prime Minister Ali Faleh al-Zaidi:
If the exchange rate is set at 1 USD = 1,600 IQD and three zeros are removed from the currency through a redenomination, the mathematical result would be:
This is why some people calculate the new value at approximately $0.62 per new Iraqi dinar.
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SPANISH
Lunes 22 Junio 2026
CHANNEL8 NEWS:
Prime Minister Ali Faleh al-Zaidi oversaw the handover ceremony for incoming Central Bank of Iraq (CBI) Governor Nizar Nasser Hussein. He stressed the urgency of advancing banking reforms to foster economic stability and investment, emphasizing that adopting international standards is vital to keeping pace with global digital transformation.
Every week, we continue to see more progress in Iraq's financial and institutional reform efforts. From major government restructuring to banking modernization and the appointment of new leadership at the Central Bank, the direction remains focused on building a stronger and more modern economy. ๐
๐️ Prime Minister Ali Faleh al-Zaidi has emphasized that banking reform is an urgent priority, highlighting the need to adopt international standards, strengthen financial stability, and accelerate Iraq's digital transformation. These are exactly the kinds of reforms many observers have expected to see as Iraq modernizes its financial system.
๐ก While no official announcement has been made regarding an Iraqi dinar revaluation (RV), the continued implementation of economic and banking reforms shows that Iraq is working toward a more stable and internationally connected financial system.
๐ Every reform completed, every institution strengthened, and every step toward global banking standards helps build the foundation for Iraq's long-term economic future.
๐ For those who have followed Iraq's progress for years, patience remains important. The road has never been about one single event—it has been about a series of reforms that gradually move the country toward greater stability and growth.
๐ฎ๐ถ According to recent developments, Iraq continues advancing its reform agenda. Many in the dinar community remain hopeful that these efforts will ultimately support the country's long-term economic goals.
✨ Stay informed. Stay patient. Keep watching the progress.
#Iraq #IQD #IraqiDinar #RV #EconomicReform #BankingReform #CBI #FinancialReform #Investment #MiddleEast #Hope #StayPositive #DinarCommunity
Clare
Article: "Ahead of his visit to Washington, al-Zaydi's "sieve" causes the biggest government shake-up since 2003" Quote: "...informed sources speak of a broad list of changes that may affect more than 100 officials at various administrative levels, starting with undersecretaries and not ending with directors-general, in a move that seems closer to redrawing the centers of influence within the Iraqi state than to mere routine administrative procedures...
and reveal the extent to which al-Zaydi can turn promises of reform into reality, or remain within the limits of the balances that brought him to power."
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According to recent reports, Prime Minister Mohammed Shia al-Sudani is preparing what could become the largest government restructuring since 2003. ๐️
๐ Sources say the changes could impact more than 100 senior officials, including undersecretaries, directors-general, and other key government leaders across multiple ministries.
⚖️ This is being viewed as much more than a routine personnel change. Analysts believe it is an effort to reshape Iraq's power structure, remove ineffective officials, strengthen state institutions, and advance the government's reform agenda.
✈️ The timing is especially significant, as these changes are reportedly being prepared ahead of al-Sudani's visit to Washington. Many see this as a signal that Iraq wants to demonstrate real progress in governance, transparency, and administrative reform before meeting with international partners.
๐ฆ While this government reshuffle is not directly connected to the Iraqi Dinar's exchange rate, stronger institutions, better governance, and reduced corruption are all considered important building blocks for Iraq's broader economic and financial reform program.
๐ The coming weeks will reveal whether al-Sudani can turn his reform promises into meaningful action—or whether political pressures will limit the scope of these historic changes.
๐ฎ๐ถ Iraq continues moving through an important phase of political and institutional reform that could shape the country's economic future.
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#Iraq #IQD #IraqiDinar #DinarNews #EconomicReform #GovernmentReform #AlSudani #CBI #Investment #MiddleEast #FinancialReform #BreakingNews
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