There has been no new information on the GCR for several days. In order to understand what’s going on, let’s connect the dots:
The name of this update has always been Restored Republic via a GCR.
An important part of that restoringof the Republic concerned a Global Currency Reset of 209 nations and replacement of the fiat Federal Dollar with the gold-backed US Note, a movement that has been seriously going on since 2008 when the Fed was officially bankrupted.
Ever since Trump came into office in 2016 he has been collecting stolen US owned gold, the most dramatic was when he flew 650 plane loads of gold from the Vatican, which was holding it illegally.
All banks and nations involved in the GCR including the Kingpin of the GCR Iraq, have completed what they needed to do in order to have the reset happen.
JFK Jr. has said that the GCR would take place during the month of Feb. 2025 – which ends this Friday.
In order to switch over from bankrupt US Inc. to the Republic for the United States of America, the GCR has to be complete.
On Tues. 4 March Trump will address a mandatory joint session of Congress to make an important announcement.
First 2025/02/26 Baghdad: Hoda Al –Azzawi The country has recently witnessed a remarkable expansion in the use of electronic payment systems, whether in the private sectors such as companies, shops, markets, or in government institutions and departments.
This trend is part of the digital transformation strategy, which the
government seeks to achieve extensive financial and administrative reforms. In an interview with "Al -Sabah", a government advisor, a member of a specialized team, explained that
electronic payment carries many advantages, most notably the
limit of corruption, reduce financial waste, and
narrowing the gap in the lost tax amounts. The system also contributes to accelerating the completion of transactions for individuals, replacing the long queues in government departments with smooth and rapid payment operations.
Dr. Mohamed Esmat Al -Bayati, a member of the advisory team for digital transformation in the General Secretariat of the Council of Ministers
, stressed that
electronic payment is the cornerstone of the financial renaissance of Iraq. He added that
this system provides wider financial comprehensiveness,
which contributes to integrating large segments of society within the official banking system, and
thus reducing the size of the parallel economy and enhancing the stability of national criticism.
Awake-in-3D: $42 Iraqi Dinar Revaluation, the Biggest Currency Shift in History Driven by Gold and Oil
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A $42 Iraqi Dinar Revaluation: The Biggest Currency Shift in History Driven by Gold and Oil
Awake-In-3D February 25, 2025
Iraq’s currency stands at the edge of a historic transformation. Could gold and oil propel the Iraqi dinar to $42?
Iraq is positioned to transform its economy and propel an Iraqi Dinar Revaluation into one of the most significant financial events of the century. Let’s explore how this historic shift could unfold.
Consider a scenario where Iraq successfully revalues its currency, with the new Iraqi dinar (IQD) surging to an exchange rate of 1 IQD = $42 USD. For years, currency watchers have speculated about Iraq’s potential to restore the strength of its dinar.
Now, through a strategic combination of gold-backed stability, rising oil prices, and a planned redenomination, this scenario is on the verge of becoming reality.
The Foundation of an Iraqi Dinar Revaluation: Iraq’s Powerful Resources
Iraq holds a significant position among oil-producing nations, sitting atop
145 billion barrels of proven oil reserves, making it the fifth-largest oil holder in the world. Oil prices are set to rise to $100 per barrel by early 2026, and Iraq is increasing production to 5 million barrels per day (bpd), strengthening its ability to leverage its vast energy wealth.
These two critical assets—oil and gold—drive a currency transformation that is reshaping Iraq’s economic future.
Strategic Shift: Iraq’s Plan to Back the Dinar with Tangible Assets
To stabilize and strengthen its currency, Iraq is considering a dual-asset backing strategy, leveraging both gold reserves and oil wealth to support the Iraqi Dinar Revaluation. Here’s how this system would work:
Gold-Backed Reserves: Iraq’s 162.7 metric tons of gold would provide $15.7 billion USD in monetary support for the dinar.
Oil-Backed Financial System: Iraq pledges 5% of its 145 billion barrels in oil reserves to currency backing, equating to $725 billion USD in value.
By combining these two forces, Iraq secures $740.7 billion USD in backing assets, dramatically strengthening confidence in the dinar.
Policy Initiative: Redenomination of the Iraqi Dinar
One of the most effective strategies for Iraqi Dinar Revaluation would be a redenomination, removing three zeros from the old dinar. This approach would include:
1,000 old IQD converted into 1 new IQD.
Money supply (M2) shifting from the current 173,686 trillion old IQD to 173.686 billion new IQD—without altering the overall economy’s value.
Simplified transactions and elimination of psychological barriers associated with high-denomination currency.
The Exchange Rate Transformation
As a result of this redenomination, Iraq could back 10% of its new currency supply—17.3686 billion new IQD—with its $740.7 billion USD in reserves.
The Calculations: A Historic Shift
This means:
1 new IQD = 42.64 USD
1 USD = 0.023 new IQD
This shift catapults the Iraqi Dinar Revaluation into one of the most significant currency transformations in history, potentially surpassing the Kuwaiti dinar and Swiss franc in value.
Key Steps for Iraq’s Implementation Plan
For this massive revaluation to succeed, Iraq must take several key steps:
1. Strengthen Foreign Currency Reserves
Iraq must continue accumulating foreign reserves, particularly
US dollars, euros, and Chinese yuan, to ensure global liquidity and protect against exchange rate fluctuations.
2. Expand Oil Production Beyond 5 Million Bpd
Increasing oil exports further—toward 6 million bpd or higher—would generate even greater revenue streams, allowing Iraq to sustain its financial commitments and economic growth.
3. Introduce Oil-Backed Bonds and a Digital Dinar
Issuing oil-backed bonds could attract foreign investors, while a central bank digital currency (CBDC) could streamline financial transactions and reduce reliance on physical cash.
4. Reduce Dependency on the US Dollar
By strengthening trade agreements with China, Russia, and other BRICS nations, Iraq could gradually shift away from dollar dependency and build a more independent financial system.
What This Means for Iraq and the Global Economy
The Iraqi Dinar Revaluation is not just an internal financial shift—it has the potential to cause global ripple effects:
Iraqi citizens would experience a dramatic rise in purchasing power, enhancing domestic wealth and economic stability.
Foreign investors would be drawn to Iraq, recognizing its potential as a rising economic powerhouse.
The global monetary system could shift, with Iraq emerging as a major player in oil-backed financial markets.
Speculators and currency traders who have followed the dinar for years could finally witness the long-anticipated revaluation, triggering major shifts in currency markets.
The Bottom Line: Could an Iraqi Dinar Revaluation Really Happen?
This transformation demands precise economic planning, bold financial policies, and political stability to succeed. However, with rising gold and oil prices, strategic asset-backed monetary policies, and a redenomination to streamline the dinar, Iraq is well-positioned for one of the greatest currency shifts in modern history.
The question is not whether the Iraqi Dinar Revaluation will happen—but when.
Iraq is witnessing An important shift in its economic strategy, as the government is moving towards diversifying sources of income and strengthening non-oil sectors, with the project to localize precious metals among the most prominent projects on this path.
And decided The Council The Industrial Coordination Committee on February 16th localized the manufacture of precious metals, including gold and jewelry, in addition to cosmetic products, with a focus on providing all necessary facilities for those wishing to establish their own factories.
And occupies Iraq 28th place globally and 4th in the Arab world - after Saudi Arabia Lebanon and Algeria - in the classification
Countries The highest gold reserves in the world, according to The CouncilGlobal For gold.
According to the latest table published by the Council, "Iraq raised its gold holdings to 162.7 tons, representing 12.7% of its total other reserves."
The Central Bank also resolved Iraqi Ranked first in the Arab world and seventh globally on the list of banks Central Most purchased gold in 2024, according to the Gold Council data Global The volume of purchases reached Iraq About 20 tons of gold.
A qualitative leap, confirmed Abdul Hassan Al-Ziyadi, a member of the Businessmen Union Council. Iraqi The new government’s plans in the industrial field, especially its orientation towards localizing precious metals, will represent a qualitative leap for Iraq, and will enable it to achieve leaps at the level of Global In the field of investment.
Al-Ziyadi said that the project of localizing precious or rare materials, or the rare metals industry, is one of the successful projects in Iraq, because the land Iraq It contains sufficient and surplus raw materials to launch such projects.
He pointed out that Iraq It has rare and precious resources, and is one of the good and fruitful spots for gold, and other projects such as phosphate, and other precious metals, especially in Anbar Governorate.
Al-Ziyadi explained that Iraq He began to think about using these resources and supporting the localization project to develop and benefit from it, stressing that the current government is ready to work and develop the work of its institutions, and direct it towards investment and encouraging investments.
He pointed out that Iraq He began to think about building economic institutions of good benefit, and he also began to think about the precious metals that he could exploit to develop his economy.
Huge wealth awaits investment and is considered Iraq A country rich in its diverse mineral resources, as these resources are spread across its various governorates, and Anbar Governorate is the richest governorate in this field. *According to the Iraqi Phosphate General Company, affiliated with the Ministry of Industry, surveys have revealed the availability of huge and confirmed reserves of phosphate amounting to about two billion confirmed and unexploited tons, with unconfirmed quantities that may exceed 7 billion tons. *Iron ore, as its presence is particularly concentrated in the desert southwest of Anbar, where the underground reserve is estimated at about 60 million tons. *Anbar governorates also have a large reserve of uranium in the Akashat area within the phosphate layer formations in the Western Desert. *Anbar's mineral resources do not stop there, as silica is concentrated in the Western Desert region, and appears in the form of layers of white sand, where the reserve amounts to about 75 million tons. *As for gold, it is found in the governorates of Anbar and western Nineveh. * Huge quantities of sulfur are concentrated in Anbar, Salah al-Din and Nineveh, and the reserves are estimated at more than 600 million tons. * As for sodium sulfur, it is widespread in Salah al-Din Governorate and the general reserve is estimated at about 22 million tons. * As for quartzite, it is widespread in the Rutba area in Anbar and its reserves are estimated at about 16 million tons. * Celestite (strontium sulfur) is widespread in the governorates of Najaf and Karbala, where it appears in the form of sandy rock lenses, and the country's reserve is estimated at about 0.8 million tons that are not exploited. * Glass, its presence is concentrated in Anbar Governorate in the form of shiny surface sand in the plains and plateaus, and the existing quantities are estimated at about 400 million cubic meters. * Lead is found in the governorates of Dohuk and Sulaymaniyah in the Kurdistan Region in the form of sedimentary carbonate rocks, and the reserve is estimated at more than 50 million tons. *Statistics indicate the presence of dolomite in the provinces of Anbar and Muthanna, where the country's reserves are estimated at about 330 million tons. *As for gypsum, it is concentrated in Nineveh, Kirkuk and Salah al-Din, and its reserves are estimated at about 130 million tons. *Lime is found in Anbar, Muthanna, Najaf, Nineveh and Kurdistan, and its reserves are estimated at about 8 thousand million tons. *Silver is found in the regions of Kurdistan Iraq Within volcanic rocks. * Bauxite is concentrated in Anbar, and its reserves are estimated at about one million tons. * Feldspar sands are concentrated in Najaf Governorate, and its reserves are estimated at about 2.3 million tons. * Quartz is concentrated in Anbar and the city of Faw, located on the waters of the Arabian Gulf in Basra, where its reserves are estimated at about 855 million cubic meters. * As for copper, it is found in Sulaymaniyah Governorate, and its volume estimates vary between 10 and 20 million tons.
Reducing the exit of currency To talk about the extent of the decision's impact on the market, economic expert Salah Nouri believed that it is too early to determine the level of prices and quality for the gold and jewelry industry, because the Cabinet's decision has not yet begun to be implemented.
Nouri explained that importing gold and precious metals constitutes a high percentage of total imports, and therefore this decision will contribute to reducing the exit of foreign currency (dollar) from the country, noting that the Ministry of Trade has been tasked with facilitating the import of raw materials for manufacturing purposes in coordination with the Central Bank.
He added that the manufacture of gold and jewelry inside Iraq It is supposed to make its local prices lower than its import price, warning that this industry may face the risks of fluctuations in global gold prices, which may in turn affect the stability of the local market. Diversifying budget resources Government advisor Alaa Al-Fahd confirmed that activating the precious metals localization sector will have an effective role in bringing out Iraq From total dependence on oil as a major source of budget revenues. Al-Fahd said thatIraqToday, it has the ability to diversify its sources of income by localizing the precious metals industry, which will have a positive impact on the economy. Iraqi By diversifying revenues and activating this vital industry, noting that Iraq He has large reserves of gold that can be exploited in local manufacturing instead of importing ready-made gold jewelry from abroad.
Al-Fahd explained that Iraqi lands are rich in many undiscovered precious metals, and that these potential discoveries will directly contribute to increasing reserves and diversifying the economy, stressing that this requires conducting economic feasibility studies to determine the extent of the impact of these minerals and activating the industry.
He stressed that the matter is not limited to owning these minerals, but rather requires developing realistic plans to activate these industries and develop the economy, stressing that paying attention to these industries and localizing them in Iraq, in addition to providing facilities and attracting foreign investments, will have a direct impact on the economy Iraqi
Al-Fahd pointed out that this requires a government decision, and that this decision is available today, and it is a message to attract development investments in this field to activate the mining industry in Iraq, especially since there is a basis and ownership of these natural resources that can be exploited to strengthen the economy.
He explained that supporting the budget by activating this sector is inevitable, as any industry will contribute to raising production capacities and increasing production, which leads to the development and activation of the industry, pointing out that Iraq These transformation industries are needed to exploit the available infrastructure for minerals.
Al-Fahd explained that all opportunities are available today for investment in this field, and that investment in this sector is no less important than investment in any other sectors that contribute to developing the economy and supporting the budget, especially in light of the fluctuations in oil prices, stressing the need to search for alternative sources of income and revitalizing the industrial, agricultural and tourism sectors.
Al-Fahd stressed that these sectors can contribute effectively to achieving revenues and diversifying the economy, indicating that Iraq He should follow suit. Countries The Arab and Gulf countries have emerged from their dependence on oil and have begun to stimulate other industries and develop their natural resources.
