The Central Bank of Iraq has developed multiple scenarios, predicting that the floating dinar could stabilize in the future between 3.22 and 4.25 dinars per USD.
🌍 Boosting Regional Investment
A strong and stable dinar is expected to:
Make Iraq more attractive for foreign investment
Promote economic growth across the region
Signal a new era of financial stability and confidence
🏦 Measured & Careful Reform
The Central Bank Governor stresses that this reform is
not hasty:
Every step is carefully measured and documented
Designed to maintain public confidence
Ensures stability while preparing for a potential value shift
The Central Bank has developed several scenarios, with internal studies predicting that the floating dinar could stabilize automatically at a value in the distant future between 3.22 and 4.25 dinars to the dollar.
Revaluing the Iraqi dinar would—Boost regional investment: A stable and strong currency would make Iraq a more attractive destination for foreign investment, thereby fostering economic growth throughout the region. The central bank governor has emphasized that this reform is not a rash or hasty move; Every step is carefully measured, documented, and designed to maintain stability and public confidence.
The potential shift in the dinar's value, with projections ranging between 3.22 and 4.25 to the dollar, has captured the attention of investors, economists, and governments worldwide. The message is clear—the nation is ready to transcend its past and write a new chapter of prosperity and strength.
🇺🇸🔥 Trump’s Envoy Receives New Directives on Iraq – Key Highlights🔥🇮🇶
🦅 Presidential Orders Delivered on Thanksgiving
Mark Savaya, President Donald Trump’s envoy to Iraq, announced he had received direct presidential directives regarding the Iraq file during Thanksgiving celebrations. He described meeting Trump as an “exceptional way to celebrate Thanksgiving.”
🚨 Firm US Response to Kor Mor Gas Field Attack
Savaya vowed to pursue and hold accountable the armed groups behind the Kor Mor gas field attack, calling them tools of “hostile foreign agendas.” He demanded Baghdad identify and prosecute those responsible immediately.
⚠️ Unequivocal Warning to Armed Factions
Savaya issued a strong message:
“There is no place for such armed groups in a fully sovereign Iraq.” He pledged that the United States will pursue, confront, and hold every illegal armed group accountable, including their supporters.
Trump's envoy receives presidential directives regarding the Iraq file
US President Donald Trump's envoy to Iraq, Mark Savaya, announced that he had received presidential directives regarding the Iraq file, during the Thanksgiving celebration.
"I was honored to receive the directives for the Iraq mission from the Commander-in-Chief," Savaya said in a post on the X platform on Friday, November 28, 2025.
He added, "It was a pleasure meeting you, Mr. President, and it was truly an exceptional way to celebrate Thanksgiving."
Mark Savaya, President Donald Trump’s envoy to Iraq, vowed to pursue and hold accountable the armed groups that targeted the Kor Mor gas field, describing them as tools of “hostile foreign agendas,” in the first firm response from the Trump administration to the attack.
In a post on the “X” platform (formerly Twitter), Savaya commented on last night’s attack, saying: “Armed groups operating illegally and driven by hostile foreign agendas carried out the attack on the Kormor field,” demanding that the Iraqi government “identify the perpetrators and bring them to justice immediately.”
A message that is "unequivocal"
President Trump's envoy issued a stern warning to the armed factions, saying: "Let me be clear and unequivocal: there is no place for such armed groups in a fully sovereign Iraq," adding a direct American pledge: "The United States will fully support these efforts... Every illegal armed group and those who support it will be pursued, confronted, and held accountable."
Strong support for Kurdistan
Savaya stressed the firm American position towards the region, affirming that "Washington supports a strong Kurdistan within a unified and stable Iraq."
The US official urged Baghdad and Erbil to "deepen security cooperation and work closely to protect vital economic and energy infrastructure."
Trump's envoy concluded his post by renewing the commitment to help Iraq build its national forces, saying: "Together, we will continue to protect Iraq's resources, defend its sovereignty, and ensure the security and well-being of all its citizens."link
• Sudani’s Statement Confusion 🤔 Sudani mentioned a “new mechanism for the currency on December 1st.” He didn’t explicitly confirm an exchange-rate change, leaving citizens unsure of what will actually happen.
• “Kuwait Scenario” Comparison 🇰🇼 Frank26 claims Iraq may be using misleading public statements similar to Kuwait’s past strategy before revealing the dinar’s real value. He suggests the current messaging is intentional.
• CBI Under Pressure 🌋 Frank26 describes the situation as a “volcano” inside the Central Bank of Iraq — with confusion and mixed signalspossibly tied to outside influence and internal resistance.
• Public Concerns & Pushback 📺🗣️ Firefly notes frustration on Iraqi TV: People question Sudani’s shifting comments about December 1st — first regarding the dinar, then saying he meant “foreign currency.” Citizens remember his earlier promise that “the dinar will be stronger than the dollar.”
FIREFLY:Sudani came out and said there was a new mechanism for the currency on December 1st. He did not say directly there would be changes in the currency exchange rate on December the 1st..
.We're not sure if that will change the rate or not...
Frank26 They are pulling a 'KS', a Kuwait scenario. Kuwait did the same thing [sending out misinformation about their dinar]. The next day they changed their true value. This is what's going on right now. Trust me on this.
Frank26The volcano of the CBI blew up...It's supposed to be confusing right now...IMO the CBI is trying to dent the monetary reform. You have a lot of bad Iranian influence in Iraq that is jealous and is trying to stop this by any means.
FIREFLY: On TV rumors and concerns, what is the true state of the financial situation in Iraq? Folks upset about Sudani's statement about December 1st, then he tricks us and comes out and he changed it and he says,
'Oh, I meant foreign currency.' And still we remember he told us the dinar will be stronger than the dollar.
FRANK: What are you noticing? A rebellion - A mutiny - Questions of where the hell is the new exchange rate? ...Remember what he told you about December 1st. It is indirectly related to you receiving your lower notes and the lifting of the 3 zeros...The reinstatement is not just from one direction. It's from many sources that have to all be aligned. That's what's going on right now while they continue to cause confusion with what I call the stun grenades and smoke bombs...
The elections and getting al-Sudani a second term. Then what will the US want out of the new government?
If you want to catch up on the process of electing the next prime minister, president and speaker of parliament, I bring you three important articles on this subject matter you might want to take a look at.
AL-RUBAIE SETS A DATE FOR THE START OF CONSULTATIONS TO FORM THE NEXT GOVERNMENT AND REVEALS DETAILS OF THE FRAMEWORK COMMITTEES.
Former MP Ayoub Al-Rubaie set on Thursday the date for the start of official consultations regarding the formation of the next government, stressing that the coordination framework has prepared more than one special committee to accelerate the pace of the decision.
“THE FRAMEWORK REDUCES THE CANDIDATES FOR THE PREMIERSHIP TO 3, AND A COMPREHENSIVE MOVEMENT IS UNDERWAY TO NAME THE PRESIDENCIES.”
An informed source revealed on Thursday the three most prominent candidates for the position of Prime Minister. He added that “there are 3 candidates, one of whom will be named through voting within the framework, namely the outgoing Prime Minister Mohammed Shia al-Sudani, the head of the State of Law Coalition Nouri al-Maliki, and the head of the intelligence service Hamid al-Shatri.” Just so you know I had shivers down my spine when I read the name Nouri Al-Maliki. If he gets the job we may be doomed, Iraq is doomed. How in hell did he ever wiggle his way in position again to even be considered? Does this show you how corrupt the process can be? So the show is not over until the fat lady sings…lol.. lol.. lol..
“AL-KALABI POSES 18 QUESTIONS TO THE FRAMEWORK REGARDING AL-SUDANI’S PERFORMANCE AND CALLS FOR A PUBLIC DEBATE.”
Former MP Youssef Al-Kalabi addressed an official letter today, Thursday, to the leaders of the Coordination Framework and the committee tasked with interviewing applicants for the position of Prime Minister, demanding that caretaker Prime Minister Mohammed Shia Al-Sudani be held accountable for a number of files that he said were “documented with evidence,” should the latter apply to occupy the position again.
So, the Coordination Framework block will once again decide on the next government since al-Sudani’s party has united and given them all his votes. I guess his strategy is that either he has the best chance of having a second term this way or else he will now be a major player in the selection of someone else. Either way he hopes he can keep the train rolling down the tracks for the financial reforms and what we are looking for – the removal of the zeros and the follow-up reinstatement.
But remember there are still these five (5) issues of the U.S. still lingering and the U.S. has signoff power for any reinstatement to happen. So, in looking at these five issues we must also be open-minded and that the result may not be what we imagine in our heads. For instance in dealing with the Iranian backed militias inside Iraq, the U.S. could potentially settle for their prime minister choice, then work with him to come up with a plan to deal with the militia in the long-term.
You might want to take a long read of today’s article titled ““A HIGHLY ANTICIPATED US VISIT AND SAVAYA’S APPEARANCE AT THE PENTAGON SEND STRONG MESSAGES ABOUT A “COMPLETELY DIFFERENT PHASE” IN IRAQ.” This article ties directly into our second issue thread of today in that the elections could effect everything if they decide to put a Bozo as the prime minister. In the article is states “What does Washington have up its sleeve?”. I reallylike this statement as it says it all.
Baghdad is preparing to receive a high-level American delegation in the coming days, at a time that suggests Washington has decided to move from a phase of quiet observation to one of targeted intervention, coinciding with the redrawing of the power map after the elections. The visit comes as the controversy surrounding the surprise appearance of US Special Envoy Mark Savaya —a move widely interpreted as a direct political message rather than a routine meeting.
Political sources confirmed to Baghdad Today that the American delegation’s visit is not merely a protocol visit, but rather carries a clear position regarding the formation of the next government. Washington wants a stable and effective government that does not reflect parallel power structures between the US and Iran.
There are also two other articles that also address the same issue as follows and you might want to take a peek at them too:
“US WILL NOT ACCEPT ‘OUTSIDE INTERFERENCE’ IN IRAQ’S NEW GOVERNMENT, SPECIAL ENVOY SAYS”
“DIRECT CONTROL FROM “SAFAYA-TRUMP”: IS THE WHITE HOUSE SHAPING THE GOVERNMENT INSTEAD OF IRAQI FORCES? – URGENT Soft change”
We as investors as well as the U.S. government under the Trump administration are waiting for the results of the election. I do not think they will come out with the prime minister until after US Special Envoy Mark Savaya’s visit. Al-Sudani has the BEST chance of having a second term. Since he moved his votes to the Coordination party his chances increased tremendously. This meeting is happening this week prior to Thanksgiving. So, if I hear any good news I will have a short Newsletter on Thursday to inform you of what news may come out of it. I will also have my normal Wednesday call to Iraq and so I will also let you know what my contact believes will happen next. Let’s pray it is what we want and the CBI can move ahead with the planned next phrase of the currency reform which is really a long awaited financial reform on steroids.
Remember that your appreciation keeps this Newsletter alive and helps with the calls to Iraq. If you have not yet helped out this month or feel a need to help again please do so. I feel the combination of the calls, the articles and rumors help to clarify what is happening in Iraq on this subject matter. I do not go to only one source such as a three-letter bullshit agency, or a bank manager then believe all their crap. Remember that this guy TNT Tony and his brother Ray as well as MarkZ or even Bruce may sound very convincing and have their members all brainwashed. But I had the exact same contacts trying to convince me of this every day stuff too over the last decade and I simply refused to believe their bullshit based on the FACTS that I knew. I used my own common sense and experience with the Iraqi people to help figure this out. I don’t need the hype or lies.
“This ambitious project aims to rename the Iraqi dinar by removing three zeros from its nominal value to better reflect the country’s growing economic strength. This move, which has been the subject of rumors for years, is currently under active development, with comprehensive studies and simulations having been completed. According to the Governor, the process will be gradual and meticulously planned to ensure financial stability while unlocking the currency’s true potential. “
So we must conclude by connecting all the pieces of the news. This recent news is telling me they intend to begin the project to delete the zeros on December 1st. They will have a month complete this stage of the process.
So, again I have to ask you as a reader of this analysis- What do you think is happening? Are they going to move ahead this time with removing the zeros or not? Will the reinstatement follow? Will you be rich?
I also at this time I have to ask for appreciation from my readers. Again, I ask because this is a second job for me now and I would like to get some appreciation for the job I do. Would you work for nothing if you were in my shoes. We must all now step up.
We must continue our prayers for the Iraqi people and the future of Iraq. Let God’s abundance and prosperity rein down upon that nation.
LEARN ABOUT THE “SECRET OPERATIONS ROOM” THAT MONITORS THE PULSE OF THE IRAQI ECONOMY AND PROTECTS THE DINAR FROM FLUCTUATIONS.
While the domestic debate continues regarding the exchange rate and the future of the dinar, the Central Bank of Iraq’s recent statement on the tasks of its Investment Department has revealed another dimension to the monetary landscape—one that is deeper, less visible, yet highly influential. This department, which manages foreign reserves and balances global market risks, is now described by economists as the “silent backbone” of the Iraqi economy, alongside oil, and the foundation upon which the most significant financial transformations underway in the country are taking place.
Economic expert Nasser al-Tamimi confirmed to Baghdad Today that the department has transformed in recent years from a traditional bureaucratic unit into a true center of gravity, preserving the stability of public finances and defining the Central Bank’s room for maneuver in the foreign exchange market. He told Baghdad Today that the prudent management of foreign assets—from government bonds to gold, deposits, and low-risk instruments—has enabled Iraq to weather the waves of global market turmoil and mitigated the impact on the dinar and the country’s financial balance.
The Central Bank’s technical statement, while employing specialized language regarding balances, transfers, and investment plans, nonetheless attracted the attention of international experts who analyzed its implicit messages. Bankers point out that the Central Bank’s explicit declaration that the department’s activities aim to stabilize the exchange rate does not necessarily mean an immediate appreciation of the dinar. However, it is a strong indication that preparations for a stable monetary reform have effectively begun. These experts believe the Central Bank is waiting for the “safest moment” to take any significant steps, given the extreme sensitivity of the Iraqi market. Any adjustment to the exchange rate system—whether an appreciation or a restructuring—requires a robust structure capable of absorbing shocks.
At the heart of this shift, two phrases in the Central Bank’s statement caught the attention of experts: “operational continuity” and “risks associated with oil revenue currencies.” These are phrases typically used in international contexts related to deep monetary reforms and preparing for potential fluctuations that may accompany opening up to global markets. Specialists interpret this as part of restructuring Iraq’s financial sector infrastructure in line with IMF recommendations, the requirements for joining the World Trade Organization, and gradual integration into the global financial system.
However, the most sensitive transformation is not limited to the investment sector alone, but encompasses an entire system being developed in parallel. Starting Saturday (November 22), all cross-border payments in Iraq will transition to the ISO 20022 standard, the system adopted by the most advanced economies. Furthermore, all banks in Iraq have been mandated to finalize their capital plans according to the ICAAP model and undergo rigorous stress tests to demonstrate their ability to withstand exchange rate fluctuations of up to 30%, a collapse in oil prices, or a sudden run on deposits, while maintaining their solvency.
Economists believe these two steps are not merely technical updates, but rather represent—quite literally—the final two key conditions that the International Monetary Fund, the US Treasury Department, the Bank for International Settlements, and major correspondent banks in New York and London stipulated must be met before Iraq could fully participate in the international foreign exchange market. They emphasize that the fundamental problem with the dinar today is not its market value, but rather that Iraq remains “blocked” from the global exchange market, and that adopting Basel III-ICAAP and ISO 20022 standards is what will pave the way for gradually lifting this blockade.
Analyses indicate that the Iraqi dinar remains trapped in a restricted market, unable to be traded in large quantities except through the daily dollar auction. Furthermore, prior to adhering to the new standards, local banks appeared structurally unstable to international banks, and their payment channels relied on outdated SWIFT systems dating back three decades, placing them under suspicion of money laundering.
Now, with banks required to disclose their actual capacity to absorb shocks, the pretext that prevented major international dealers from dealing directly in dinars is diminishing.
In this context, experts believe that Iraq is nearing the end of the “forced peg” of its exchange rate, which effectively began in October 2021 when it was announced that “the rate will remain fixed until 2025.” With this date approaching and the technical requirements for monetary reform being finalized, some believe that Iraq may be entering a new phase that might not be a direct revaluation of the dinar, but which will at least pave the way for a more stable and transparent exchange market.
Al-Tamimi concludes by saying, “Oil provides the funds, but it is the investment department that ensures those funds are not lost to market fluctuations.” He adds that the next phase may witness an expansion of the department’s role in regulating monetary policy, and that the strength of reserves and the stability of the banking sector will be the most decisive factors in the future of the dinar.
