🌍🏦🇮🇶 Iraq's Plan to Protect the Dinar and Eliminate the Parallel Market!! #iqd #parallelmarket

 

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🏦🇮🇶 $300 Billion Outside Iraq's Banking System: Why This Matters for Iraq's Financial Future

 🏦🇮🇶 $300 Billion Outside Iraq's Banking System: Why This Matters for Iraq's Financial Future

A recent report states that the U.S. Treasury is tracking approximately $300 billion outside Iraq's banking system, highlighting one of the biggest challenges facing Iraq's financial sector.

💵 A significant amount of money remains outside the formal banking system, circulating as cash or through informal channels instead of being deposited in banks.

Why is this important?

The Central Bank of Iraq (CBI) has been implementing major reforms aimed at:

🏦 Modernizing Iraq's banking sector.

🌍 Integrating Iraqi banks into the global financial system.

💳 Expanding electronic payments.

✅ Strengthening compliance with international banking standards.

💵 Reducing reliance on the parallel U.S. dollar market.

As more money moves into the official banking system, the CBI gains greater transparency, stronger oversight, and better control over monetary policy.

💡 My Perspective

When we connect this news with the CBI's recent banking reforms, an interesting pattern continues to emerge.

🟢 More banks are becoming internationally compliant.

🟢 More financial transactions are moving through official banking channels.

🟢 The parallel dollar market continues to face increasing pressure.

🟢 Iraq is strengthening its banking infrastructure and financial transparency.

One additional point deserves attention.

📌 In my opinion, bringing more Iraqi dinars back into the banking system also gives the CBI greater visibility and control over the currency in circulation.

If Iraq were ever to implement a significant future change in its exchange rate policy, having more dinars circulating through the official banking system rather than remaining in cash or the informal economy would likely provide a stronger monetary foundation.

The CBI has never stated that collecting dinars is an official prerequisite for a revaluation (RV). However, many dinar observers believe that strengthening control over the money supply would be a logical step before any major monetary policy change.

🇮🇶 We continue connecting the dots. Every banking reform, every step toward reducing the parallel market, and every effort to bring more financial activity into the official banking system strengthens Iraq's long-term monetary and financial foundation.

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THE US TREASURY IS TRACKING $300 BILLION OUTSIDE THE IRAQI BANKING SYSTEM

Informed sources revealed to Al-Mustaqilla information described as serious, indicating that the US Treasury informed the government of Ali al-Zaidi of the existence of sums of money estimated at about $300,000,000,000 believed to have left the official banking system.

According to the source, these funds are suspected to still be outside banking channels, specifically with certain political figures, away from direct financial oversight.

The source also pointed to what he described as “precise sequences of dollar movement allocated to Iraq,” where the path of funds is tracked and transfer and distribution operations are analyzed, in an attempt to uncover the whereabouts of large sums believed to be inside the country or outside the official financial system.

The information added that ongoing tracking operations reveal – according to the source – a complex financial network linked to dollar flows inside and outside Iraq, which raises questions about the size of undeclared funds and their true paths.

🚨🇮🇶 September 2026: A Defining Month for Iraq?

 🚨🇮🇶 September 2026: A Defining Month for Iraq?

As we continue connecting the dots, September 2026 is shaping up to be a month with several major milestones for Iraq.

📊 Expected by September:

📝 The 2027 Federal Budget Draft is expected to be completed by Iraq's Ministry of Finance before moving to the Council of Ministers and Parliament.

🛡️ Deadline to Disarm Iranian-Backed Militias — According to recent reports, armed factions have until September 30 to hand over their weapons to the Iraqi state.

🌍 End of the International Coalition's Mission — September also marks the planned conclusion of the international coalition's mission in Iraq, signaling another significant transition in the country's security landscape.

💡 My Perspective

It's interesting to see so many important political, financial, and security developments converging in the same month.

📌 Will September mark the beginning of a new phase for Iraq?

🏛️ Government reforms...
💰 Economic and financial reforms...
🛡️ Security reforms...

Only time will tell.

For those of us following Iraq's progress, September is certainly becoming a month worth watching closely.

🇮🇶 We continue connecting the dots and observing the process unfold.

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FIREFLY: They say soon the parallel market price will come to match the official CBI rate #iqd

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🏦🇮🇶 CBI: Reintegration of Dollar-Denominated Banks Is in Its Final Stages

    Article:  “CENTRAL BANK OF IRAQ: REINTEGRATION OF DOLLAR-DENOMINATED BANKS IS IN ITS FINAL STAGES”  

Quote:  "...it continues to implement its reform program in coordination with the relevant international institutions, with the aim of strengthening monetary and financial stability, developing the banking sector and raising its level of integration into the global financial system."

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🏦🇮🇶 CBI: Reintegration of Dollar-Denominated Banks Is in Its Final Stages

📰 What does the news say?

The Central Bank of Iraq (CBI) announced that the reintegration of Iraqi banks handling U.S. dollar transactions is now in its final stages.

The objectives of this reform program are to:

🏦 Strengthen monetary and financial stability.

🏛️ Modernize and develop Iraq's banking sector.

🌍 Integrate Iraqi banks into the global financial system.

🤝 Accomplish these reforms in coordination with international financial institutions.

📌 What does "bank reintegration" mean?

Over the past several years, a number of Iraqi banks were restricted or excluded from conducting U.S. dollar transactions due to issues involving:

✅ International compliance standards.

✅ Anti-Money Laundering (AML) requirements.

✅ Counter-Terrorist Financing (CTF) regulations.

✅ Requirements established by U.S. authorities and international banking standards.

The CBI has been working to ensure these banks strengthen their internal controls and fully comply with international regulations. According to this announcement, that process is now approaching its final stage.

🌍 What does "integration into the global financial system" mean?

This is probably the most significant part of the announcement.

The CBI's objective is for Iraqi banks to operate more efficiently within the international financial system through:

✅ Greater compliance with global banking standards.

✅ Stronger relationships with foreign correspondent banks.

✅ More efficient international payments and transfers.

✅ A banking sector that inspires greater confidence among investors and businesses.

💡 My Perspective

When we connect this announcement with other recent developments, a very interesting pattern begins to emerge.

🟢 The CBI continues reducing the parallel U.S. dollar market.

🟢 It continues strengthening compliance with international standards.

🟢 It is modernizing Iraq's banking sector.

🟢 It is integrating Iraqi banks into the global financial system.

🟢 And now it says the reintegration of dollar-denominated banks is in its final stages.

One additional point deserves attention.

As more banks become fully compliant and international dollar transactions increasingly flow through official banking channels, the need for the parallel dollar market naturally continues to decline. In my view, this is happening quietly but consistently as part of the CBI's broader reform strategy.

We've discussed before that, in my opinion, the parallel U.S. dollar market would likely need to be significantly reduced—or potentially disappear altogether—before any future change in Iraq's exchange rate policy, including any possible revaluation (RV), could realistically be considered. While this remains my personal interpretation rather than a confirmed policy, these banking reforms appear to move Iraq further in that direction.

📌 In my opinion, this demonstrates that the CBI continues building the financial infrastructure required for a modern, transparent, and internationally integrated banking system.

For those of us following the Iraqi dinar, these developments can reasonably be viewed as continued progress in Iraq's monetary and banking reforms. However, this announcement does not state that a revaluation (RV) will occur, nor does it provide any timeline for a change in the value of the Iraqi dinar.

🇮🇶 We continue connecting the dots. Every banking reform completed brings Iraq one step closer to a stronger, more transparent, and globally integrated financial system.

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🇮🇶📊 Iraq Begins Preparing the 2027 Federal Budget — A Positive Step Forward

 🇮🇶📊 Iraq Begins Preparing the 2027 Federal Budget — A Positive Step Forward

Iraq's Ministry of Finance has officially begun drafting the 2027 Federal Budget, with the draft expected to be completed by September 2026 before moving through the Council of Ministers and Parliament for approval.

📝 After operating for an extended period under the temporary 1/12 spending mechanism, this marks an important step toward restoring Iraq's normal budget process and strengthening fiscal planning.

💡 Why is this important for those following the Iraqi dinar?

A well-planned federal budget reflects greater government organization, fiscal discipline, and institutional stability. These are key foundations for long-term economic confidence and are generally viewed as positive developments for Iraq's financial reform efforts.

While this news does not confirm or guarantee any revaluation (RV), it supports the broader picture of Iraq continuing to build the economic and governmental framework needed for a stronger and more stable financial system.

🤔 Interestingly, Mnt Goat mentioned in her latest newsletter that there is an expected September 2026 deadline to disarm all Iranian-backed militias operating in Iraq.

Now we also see September emerging as the expected month for completing Iraq's 2027 federal budget draft.

📌 Could September become the beginning of several major developments taking place at the same time?

🏛️ Economic reforms...
🛡️ Security reforms...
💰 Financial reforms...

Only time will tell.

For now, we continue connecting the dots and watching the process unfold.

🇮🇶 Dinarians... we're staying the course. This is getting more interesting by the day! ☕🍫

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Baghdad to complete 2027 budget draft by September

2026-07-06 07:51

Shafaq News- Baghdad

Iraq's Finance Ministry began drafting the 2027 federal budget, the first new plan to be prepared after two years without an approved spending plan, the Prime Minister's Financial Adviser told Shafaq News on Monday.

Mudhir Mohammed Saleh pointed out that the Finance Ministry is expected to complete the draft budget law by September, after which it will be submitted to the Ministerial Council for the Economy for review before being referred to the Council of Ministers for approval and then sent to parliament.

“It is too early to determine the total value of the 2027 budget as the final size of the spending plan will be set once the ministry completes the draft law.”

The previous government, led by Mohammed Shia Al-Sudani, enacted a three-year budget covering 2023–2025. However, the 2025 spending plan was never implemented after parliament failed to approve its amended expenditure schedules before the law expired. The Finance Ministry subsequently adopted the one-twelfth (1/12) spending mechanism to finance salaries and other mandatory expenditures. Iraq also failed to approve a 2026 budget because of delays in forming a new government, the economic repercussions of the regional war, and volatility in energy markets, leaving the country to continue operating under the temporary spending mechanism.

🚨💱🇮🇶 What Must Happen Before the Iraqi Dinar Enters Full Forex Freedom? #iqdupdate #dinarrevaluation

 

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