“Would it look cleaner if they have a prime minister…completely done and stabilized prior to the end of the year? Of course. Is it necessary? I’ve shown that it’s not.”
This statement reframes the conversation. While political completeness is ideal, it may not be a requirement for monetary action.
Jeff: Follow Mark Savaya, Not the Headlines
Jeff emphasizes that the single most important indicator right now is not parliamentary noise—but Mark Savaya’s travel schedule.
“The #1 thing you’re looking for right now is to see when Mark Savaya will be going to Iraq. That’s pretty much going to tell you when the rate’s going to change.”
According to Jeff:
The date is being intentionally concealed
It is directly tied to the exchange rate change
Too many sensitive actions depend on that timing
Why the Exchange Rate Timing Is So Sensitive
Jeff explains that Iraq has:
150+ laws pending
Including:
The 2026 Budget
The long-delayed Oil and Gas Law (pending since 2005)
Why are these laws stalled?
“Because it is sensitive to the timing of the rate change. It needs it and requires it.”
The logic is simple:
These laws depend on a new rate
Parliament cannot finalize them until after the rate changes
Doing so beforehand would create legal and financial inconsistencies
Caretaker Government vs. Central Bank Authority
Key Question:
Does Iraq need a fully formed government to change the exchange rate?
Jeff’s answer is direct—and critical:
“That’s questionable.”
Here’s why:
A forming government is considered a caretaker government
Caretakers have:
Limited access to state funds
Restricted fiscal authority
However…
The Central Bank of Iraq (CBI) Is Different
The CBI is autonomous
It operates separately from the physical government
It can change the value of the currency whenever it chooses
“The Central Bank can change the value of the currency whenever they want.”
This autonomy means:
A completed government may not be legally required
Monetary reform can precede political finalization
What This Means for the Iraqi Dinar
Rate Change Can Come First Political perfection is not a prerequisite for monetary action.
Mark Savaya’s Arrival Is Key His presence likely signals international approval and timing alignment.
Major Laws Depend on the New Rate Budget and Oil & Gas Law need updated valuation metrics.
CBI Holds the Real Power The exchange rate decision sits with the Central Bank—not Parliament.
Q&A: Militia Man & Jeff on the Iraq Dinar
Q: Does Iraq need a prime minister fully seated before changing the rate? A: Not necessarily. Militia Man states it would look cleaner, but it is not required.
Q: Why can’t Parliament pass all the laws now? A: Because many laws depend on the new exchange rate to function correctly.
Q: Who actually controls the exchange rate? A: The Central Bank of Iraq, which is autonomous from the government.
Q: What should investors watch most closely? A: The timing of Mark Savaya’s trip to Iraq.
Featured Snippet Highlights
“The Central Bank of Iraq can change the dinar’s value independently of government formation.”
“Militia Man and Jeff emphasize that many Iraqi laws cannot be passed until after the exchange rate changes.”
Strategic Takeaway
The narrative that Iraq must have a perfectly formed government before any rate change is increasingly being challenged.
According to Militia Man and Jeff:
The CBI is ready when timing aligns
International coordination matters more than headlines
Political completion may follow—not precede—monetary reform
The key remains timing, and that timing appears closely guarded.
Militia Man Would it look cleaner if they have a prime minister...back in completely done and stabilized prior to the end of the year? Of course. Is it necessary? I've shown that it's not.
Jeff The #1 things you're looking or right now is to see when Mark Savaya will be going to Iraq. That's pretty much going to tell you when the rate's going to change. They are hiding that date from us.
They have a lot of crap to do...that's sensitive to the timing of the rate change. They have 150 plus laws to pass, two of which would be the '26 budget along with the Oil and Gas Law...outstanding since at least 2005.
Why?Because it is sensitive to the timing of the rate change. It needs it and requires it. Very simple...Parliament can't get all this crap done [until after] the rate change.
Question: "Do they have to have a fully formed completed government to change the rate?"
That's questionable. While the government is in a forming state, they're considered a 'caretaker'. They have very limited access to Iraq funds and monies...The Central Bank can change the value of the currency whenever they want. Why? Because the central bank is autonomous separate from the physical government...Do they have to have a formed completed government before the rate can change? We have no way of verifying that.
Government Advisor: Current Revenues Cover Salaries And Basic State Requirements
Friday, December 26, 2025 19:57 | General Number of views: 177 Baghdad / NINA / The Prime Minister's Financial Advisor, Mazhar Muhammad Salih, confirmed on Friday that current public revenues cover the state's basic needs, primarily salaries. He also indicated that the government is moving towards controlling spending and maximizing non-oil revenues to achieve financial sustainability.
According to the official news agency, Salih stated, "Current public revenues cover the state's basic needs, primarily salaries, pensions, and social welfare expenditures, which total approximately eight trillion dinars monthly."
He explained that "these obligations, despite their importance and being a top priority that must be paid, constitute only a portion of the overall financial burden. Other obligations must be paid, including public debt servicing, outstanding arrears, and expenses for managing vital logistical aspects within the operational budget, in addition to spending on investment projects related to essential services."
He added, "Fiscal sustainability necessitates controlling public spending, reviewing and auditing it according to spending efficiency standards and priorities, while simultaneously maximizing non-oil revenues. This ensures that required expenditures are met in a stable and sustainable manner, independent of the cyclical fluctuations in oil revenues."
He emphasized that "the recent Cabinet decision establishes a new phase in fiscal policy management, known as the concept of fiscal consolidation. This approach aims to gradually reduce the fiscal deficit in the short term and solidify fiscal discipline in the long term, in addition to developing a phased strategy to reduce the public debt balance."
He pointed out that "this path is a fundamental pillar for achieving the constants of fiscal sustainability and strengthening the resilience of public finances, thus ensuring the state's ability to meet its social and economic obligations while maintaining the overall stability of the national economy." https://ninanews.com/Website/News/Details?Key=1268643
Frank26 Video Summary: Iraq Nears Government Formation and a New Dinar Exchange Rate
Frank26 CC Video Summary: Why December 29–31 Could Be Critical for Iraq
In his latest CC video, Frank26 delivers a wide-ranging update on Iraq’s political, economic, and monetary landscape, blending spiritual reflection with in-depth commentary on the Iraqi dinar, government formation, and expectations for a new exchange rate.
The central message is clear: December 29th through December 31st represents a pivotal window for Iraq, where politics, security, and monetary reform converge.
Spiritual and Personal Opening: Setting the Tone
Frank begins with a prayer and reflections on Christmas, gratitude, and blessings for families, children, and vulnerable people worldwide. He highlights the spiritual significance of Jesus’ birth and ties these reflections to unity, responsibility, and hope—values he later connects to Iraq’s future stability.
Q: Is a new Iraqi dinar exchange rate guaranteed by December 31?
A: No. Frank emphasizes that while the window is critical, only official announcements confirm changes.
Q: Why is December 29 so important? A: Parliament must convene to form government leadership and advance laws tied to monetary reform.
Q: Are rumors of $0.85 per dinar credible? A: No. The CBI has denied them, and Frank labels them misinformation.
Featured Snippet Highlights
“December 29–31 is viewed as a decisive window for Iraq’s government formation and monetary reform.”
“Frank26 stresses that security, HCL passage, and international consensus are prerequisites for a new Iraqi dinar exchange rate.”
Final Thoughts
Frank26’s message blends cautious optimism with realism. Iraq appears closer than ever to aligning its political structure, security framework, and monetary policy—but success depends on actions, not promises.
Investors are urged to stay grounded, informed, and patient as events unfold.
This video, presented by Frank 26, focuses primarily on the current political and economic developments in Iraq, especially concerning the Iraqi dinar and expectations for a new exchange rate. The content blends a spiritual introduction with detailed commentary on Iraqi government activities, monetary reform prospects, and practical advice for investors interested in the Iraqi dinar.
Key Themes and Insights
Spiritual and Personal Opening:
Frank opens with a prayer and reflections on Christmas, expressing gratitude and invoking blessings for various vulnerable groups globally.
He acknowledges the significance of Jesus’ birth and ties this into family celebrations and personal reflections.
Iraqi Political Developments:
A delegation from Kurdistan has met with Shiite and Sunni leaders in Baghdad to discuss passing the HCL (High Commission Law) and implementing Article 140, which relates to disputed territories and census issues.
The Coordination Framework (linked to Prime Minister nominee Sudani) is pushing to speed up the naming of the Prime Ministerand aims to limit militia weapons for Iraq’s stability.
The presidential decree calls for Parliament to convene on December 29th to elect the Speaker of the House and start legislative sessions, seen as a critical step toward forming a government and advancing monetary reform.
Monetary Reform and Exchange Rate Speculation:
Frank and his correspondent Omar speculate that the period December 29th to 31st is pivotal for:
Voting on the HCL.
Establishing a new exchange rate for the Iraqi dinar.
Possibly introducing new lower denomination banknotes.
There is a suggestion that the Iraqi dinar might move toward parity with the US dollar, with some rumors about reaching within 15% of the dollar (~0.85 USD per dinar), although this is denied by the Central Bank of Iraq (CBI) and attributed to misinformation spread by Maliki’s faction.
The arrival of a key US emissary, referred to as “Mark”, likely linked with Donald Trump’s influence, is seen as crucial to approving and implementing the monetary reform. Mark is expected to arrive in early January, potentially bringing the “football” (symbolizing authority or funding) necessary to finalize deals, including paying militias to lay down arms.
Political Controversies:
Maliki’s faction attempts to claim credit for monetary reform efforts but is widely viewed as obstructive and spreading false information.
The international community’s consensus is deemed vital for approving the Prime Minister, with regional players like Saudi Arabia, UAE, and Dubai reportedly opposing Maliki.
Economic and Trade Highlights:
Iraq’s trade with China reached approximately $58 billion, making China a top trading partner.
November oil exports totaled just over 106 million barrels, underpinning Iraq’s economic strength.
The Iraqi government signed a multi-year cooperation framework with the United Nations Mission (UNAMI) for sustainable development through 2029.
Practical Advice on Iraqi Dinar Investment:
Frank is a registered agent with a licensed broker for Iraqi dinar and other currencies such as Vietnamese dong and Indonesian rupiah.
He emphasizes the importance of a formal process for purchasing dinars:
Buyers must provide full contact details and identification.
Payment must be made directly to the broker within 48 hours to guarantee the order.
Upon delivery, customers should verify the currency, keep receipts, and securely store the banknotes.
Frank discourages phone inquiries about speculative questions (e.g., exact timing of revaluation), stressing he cannot provide investment advice but shares opinions publicly.
Additional Personal and Miscellaneous Content:
Frank shares brief gardening insights, showing different types of grow lights and flowers thriving indoors during winter.
He thanks a friend for sending gifts and memorabilia.
There is lighthearted sports banter about the Minnesota Vikings beating the Detroit Lions, linked metaphorically to football “fumbles.”
Timeline of Key Events (December 2025 – Early January 2026)
Date
Event/Development
Notes
Dec 25, 2025
Christmas celebrations; spiritual reflections
Frank prays and reflects on Christmas meaning
Dec 29, 2025
Iraqi Parliament scheduled to convene by presidential decree
Elect Speaker of the House; initiate legislative session
Dec 29–31, 2025
Expected voting on HCL, naming Prime Minister, monetary reform progress
Speculated window for new exchange rate announcement and introduction of lower denomination notes
Early January
Arrival of US emissary “Mark” linked with monetary reform authorization
Mark expected to bring approval and resources for monetary reform
Jan 1, 2026 (or first week)
Anticipated effective date for new exchange rate, monetary reforms, and lower notes rollout
Post-holiday timing expected for reforms to go live
Quantitative Data and Comparisons
Indicator
Value
Context/Source
Iraq-China Trade
~$58 billion
Iraq’s major trading partner
November Oil Exports
>106 million barrels
Supports Iraq’s economic base
Rumored Iraqi Dinar Rate
~0.85 USD per 1 dinar (15% parity)
Rumor denied by Central Bank of Iraq (CBI)
Current Iraqi Dinar Rate
~0.00763 USD per 1 dinar
Approximate current exchange rate
Key Definitions and Terms
Term
Definition/Explanation
HCL
High Commission Law, a significant legislative act related to governance and monetary reform in Iraq.
Article 140
Iraqi constitutional article addressing disputed territories and census-related issues.
Coordination Framework
Political coalition supporting Prime Minister nominee Sudani and government formation efforts.
Parity/Parody
Parity means equal value; “parody” used in transcript likely means “parity” – one-to-one exchange rate.
Mark
US envoy/delegate linked to monetary reform and political negotiations in Iraq, representing US interests.
Militia Weapons Deal
Financial arrangement reportedly to pay militias to disarm, facilitating security and stability.
Conclusions and Key Insights
December 29th to 31st is a critical political and economic window for Iraq, with Parliament convening to elect leadership and potentially vote on key reforms.
A new Iraqi dinar exchange rate is expected imminently, tied to the passage of the HCL and government formation; however, exact timing remains speculative.
Official information is limited and often clouded by rumors, especially involving Maliki’s faction, which is seen as spreading misinformation to claim credit.
US involvement, particularly via the emissary “Mark” and former President Trump’s influence, is pivotal in authorizing and facilitating the monetary reform.
Iraq’s substantial trade and oil export figures underpin the country’s financial capacity to support a stronger dinar.
Investors should exercise caution and follow formal purchasing procedures; speculative questions about timing cannot be answered definitively.
The political process, including the election of a Speaker and Prime Minister, is intertwined with monetary reform and economic stabilization efforts.
Security, stability, and international consensus are emphasized repeatedly as prerequisites for successful reform and investment confidence.
Additional Notes
The video includes informal, personal commentary and humor but remains focused on conveying cautious optimism about Iraq’s economic future.
Frank shares practical advice for currency buyers, emphasizing transparency, documentation, and formal processes.
The speaker stresses that, despite public speculation, only official announcements and actions will confirm monetary changes.
This summary reflects all information supported by the video transcript without extrapolation or unsupported claims.
Judicial Council: The first session of Parliament must elect the President and his two deputies... and a warning
Zidane's meeting with the oldest speaker of parliament
The President of the Supreme Judicial Council, Dr. Faiq Zaidan, met with the oldest Speaker of Parliament, during which they discussed the constitutional requirements for holding the first session of Parliament, including the necessity of electing the Speaker of Parliament and his two deputies, while emphasizing the need to adhere to the constitutional texts and respect the legal deadlines, and warning against any contrary interpretation that is considered an explicit constitutional violation that may hinder the formation of the legislative and executive authorities.
The President of the Supreme Judicial Council, Judge Dr. Faiq Zaidan, received today, Wednesday, December 24, 2025, Member of Parliament Amer Al-Fayez, who will preside over the session of Parliament on December 29, 2025, as he is the oldest member.
The Speaker of the Council stressed the importance of respecting and applying the constitutional texts as they are stated in the Constitution and not interpreting the texts with baseless interpretations, as Articles (54 and 55) of the Constitution explicitly stipulate the election of the Speaker of the House of Representatives and his two deputies in the first session of the new Council, and any interpretation to the contrary is a clear constitutional violation that opens the door to other violations that hinder the formation of the legislative and executive authorities within the constitutional deadlines. link
Iraq 2026 Update: Presidential Decree Signals Government Formation and New Exchange Rate
Investors and analysts are closely monitoring Iraq as a presidential decree sets parliament to convene on December 29, 2025. This direct command signals a critical step toward forming the Iraqi government, finalizing the High Committee for the Dinar (HCL), and implementing a new exchange rate with lower-denomination banknotes.
Key Developments from Iraqi Leadership
Frank26 highlighted the significance of this move:
"Today you have a presidential decree for parliament to sit on the 29th. That's a very direct command. I believe they will obey. We should see your [Iraqi] government formed. We should see the HCL and we should see a new exchange rate. We should see the lower notes from the 29th to the 31st."
According to this timeline, anything short of these steps would be considered a failure, especially with scrutiny from international observers like Mark Savaya.
Sudani’s Vision for Iraq in 2026
Prime Minister Sudani recently made a bold statement:
clear mandate for action, particularly regarding the Iraqi Dinar. Investors expect the following:
Formation of the new government and HCL
Implementation of a new exchange rate
Distribution of lower-denomination banknotes between December 29–31
As Frank26 commented:
"2026 must be the year for a new exchange rate or you're lying to yourself and to the citizens of Iraq, let alone the international community."
What This Means for Investors
Government Formation: A fully formed government and HCL provides the legal and structural framework for currency changes.
Exchange Rate Update: The new rate could pave the way for long-awaited Dinar revaluation.
Lower-Denomination Notes: Availability of smaller notes will signal the official start of zero removal.
Timeline to Watch
December 29, 2025: Parliament convenes to approve government and HCL.
December 29–31, 2025: Introduction of lower-denomination banknotes.
2026: Expected implementation of new exchange rate and currency stabilization.
Q&A: Iraq 2026 Dinar & Government Updates
Q1: When will the new Iraqi government be formed? A1: Parliament is set to convene on December 29, 2025, and a new government and HCL formation is expected immediately after.
Q2: When will lower-denomination Dinar notes be released? A2: Sources indicate distribution between December 29–31, 2025.
Q3: How does this affect investors? A3: A new government, HCL, and exchange rate increase confidence in the Dinar, potentially supporting revaluation and currency stability.
Google Discover / Featured Snippet Highlights
“The Iraqi parliament will convene on December 29, 2025, to form the government and HCL, paving the way for a new exchange rate and lower-denomination banknotes.”
“Sudani declares 2026 must be the year of Iraq, signaling potential Dinar revaluation and economic stabilization.”
Frank26 Today you have a presidential decree for parliament to sit on the 29th. That's a very direct command. I believe they will obey. We should see your [Iraqi] government formed. We should see the HCL and we should see a new exchange rate. We should see the lower notes from the 29th to the 31st.
Anything short of that is a complete failure especially with Mark Savaya right after you're supposed to do that.
FIREFLY: Sudani came out and said 2026 must be the year of Iraq.
FRANK: Sudani says these magical two words, "must be"? I would say back to Sudani, 2026 must be the year for a new exchange rate or you're lying to yourself and to the citizens of Iraq, let along the international community...
