MARKZ – WEEKEND NEWS UPDATE
MARKZ:
Good morning, everyone! Let's get into the news because we have several interesting developments to discuss.
IRAQ – GOVERNMENT RESTRUCTURING
Iraq's Prime Minister, Al-Zaidi, is pushing for intelligence services to remain independent of political parties and political quotas.
What does that mean? Instead of filling government positions based on which political bloc controls the seats, he wants the most qualified people appointed, regardless of their political affiliation or religion.
I like this change. He's trying to make improvements one step at a time.
IRAQ – INTERNATIONAL DEVELOPMENT BANK
The US Treasury has extended the deadline for the liquidation of financial transactions involving Iraq's International Development Bank.
This could indicate that the bank is still working through the process of bringing its operations into compliance. The United States is overseeing these developments, particularly efforts to shut down financial channels that could benefit Iran.
We will have to watch whether this deadline is extended again or whether the bank completes the necessary changes.
IRAQ – GOVERNMENT REVENUES AND FINANCIAL POSITION
We are also seeing figures regarding Iraq's state revenues through August.
The reported revenue figure is approximately 45.355 trillion dinars. There are concerns about the impact of regional disruptions and reduced oil-related income.
But Iraq has reserves, and they are monitoring the situation. It is not necessarily as bad as some people are making it sound.
EUROPEAN BONDS
Now, this is something I find interesting.
I have received updates from several contacts in Europe. Multiple sources are telling me they expect bond releases to begin on Monday, with the bulk potentially following on Wednesday.
That is what I am hearing from my contacts. We will have to wait and see whether those expectations actually materialize.
IRAQ – THE BIGGER PICTURE
I continue to watch the changes taking place in Iraq.
The government is working on improving its institutions, reducing political interference, strengthening financial oversight, and addressing financial channels that have created problems.
These are developments worth watching as Iraq continues its financial and monetary restructuring.
A MESSAGE TO THE COMMUNITY
One thing I want everyone to understand: we keep getting caught up in expecting a specific date or believing something has been postponed.
This is a process. We need to stop putting ourselves through that cycle.
Watch the developments, pay attention to what is actually happening, and don't get caught up in every rumor.
We will continue following the news and sharing updates as they come in.
MARKZ
🇮🇶💵 DINAR RV EXPECTATIONS: JEFF DISCUSSES A MANAGED FLOAT, WHILE FRANK26 ADDRESSES THE GOOGLE RATE GLITCH! 🔎📊
Two different topics caught the community’s attention in the October 30, 2026 updates.
When asked whether he would keep some Iraqi dinars in anticipation of a possible additional increase in value after the RV, Jeff answered: “No, I wouldn't.”
Jeff explained that some investors may be expecting a sudden spike similar to what happened with the Kuwaiti dinar. However, his personal expectation is that Iraq's currency would move under a managed float, meaning he does not anticipate an unusual spike or dramatic jump in value after the initial adjustment.
His advice is to identify a bank that offers an exchange with very low or no fees, complete the exchange, and avoid waiting for another major increase. He emphasized that he would not hold back dinars simply because he expects the rate to climb further after the RV.
Important note: Jeff is sharing his personal outlook, not an official announcement about Iraq's future exchange-rate policy. Investors should consult qualified financial and asset-protection advisors before making exchange decisions.
Frank26 was asked about a reported Google exchange-rate fluctuation in which the Iraqi dinar briefly appeared at approximately 767 IQD per dollar, before returning to 1,500.
He confirmed that the incident occurred around 10–11 a.m. and that the displayed figure was approximately 767.0000. He said many people became excited and contacted him about the unusual reading.
However, Frank26 clarified that he considered it a technical glitch, not a confirmed exchange-rate change. He stated that when he knows the rate movement is not a glitch, they will discuss it.
Jeff is discussing what he expects the exchange-rate structure could look like after a potential RV, while Frank26 is reminding the community that unusual online rate displays must be verified before drawing conclusions.
For now, neither a managed float nor the temporary Google display confirms that the Central Bank of Iraq has announced a new exchange rate or implemented a revaluation.
The key is to separate expectations, technical errors, and verified monetary developments as Iraq continues its broader economic and banking reforms. 🇮🇶
🇮🇶💵 IRAQ'S CURRENCY REFORM: THREE IMPORTANT GURU UPDATES!
📉 1. FRANK26 – EXCHANGE RATE GAP
Frank26 states that Iraq reduced the gap between its official and street exchange rates by 15 percentage points in just one month, advancing its goal of exchange-rate stability. He describes this progress as very impressive.
🇺🇸 2. CLARE – US POSITION ON IRAN
Clare highlights the US State Department's statement that Washington supports Iraq's sovereignty, security, and economic stability, while accusing Iran of exploiting armed factions to take control of Iraqi resources.
🏦 3. MILITIA MAN – EXCHANGE RATE DECISION
Militia Man explains that officials will not announce an exchange-rate adjustment in advance. He believes the multi-year groundwork has been completed and that the timing now depends on when decision-makers determine the conditions are right.
🔎 THE BIGGER PICTURE: Exchange-rate stability, financial sovereignty, and monetary reform remain central to Iraq's economic transformation.
#Iraq #IQD #IraqiDinar #CBI #Forex #CurrencyReform
🇮🇶💵 IRAQ’S ECONOMIC TRANSFORMATION: CURRENCY REFORM, BANKING MODERNIZATION & WTO INTEGRATION! 🔎
Several important developments emerging in late October 2026 highlight Iraq’s continued efforts to strengthen its financial system and diversify its economy.
🏦 1. CBI & CURRENCY STABILITY
Central Bank Governor Nizar Nasser Hussein reported that the gap between the official and parallel exchange rates had narrowed from 24% to 9%. Reducing this gap remains an important objective for monetary stability.
💵 2. PROJECT DELETE THE ZEROS
Discussions between the CBI Governor and Parliament's Finance Committee have addressed the possibility of removing three zeros from the dinar, issuing new banknotes, and establishing the necessary legislative framework. No implementation date has been approved.
📲 3. BANKING MODERNIZATION
Iraq continues its banking reform program with international consulting support from Oliver Wyman. Final approvals for digital banks are expected between late 2027 and early 2028.
🌐 4. WTO ACCESSION & TRADE DIVERSIFICATION
Iraq is working with the International Trade Centre (ITC) to support WTO accession, diversify exports, strengthen small and medium-sized businesses, and attract international investment.
🤝 5. BAGHDAD & KURDISTAN COOPERATION
Ongoing negotiations over oil production, exports, and revenue distribution could help resolve longstanding disputes and create better conditions for advancing the HCL (Hydrocarbon Law).
⚡ 6. ENERGY & ECONOMIC DEVELOPMENT
New cooperation with a U.S. company on gas recovery highlights Iraq's efforts to reduce gas flaring, improve energy efficiency, and develop additional economic opportunities.
🏛️ WHY IT MATTERS
These developments point to several interconnected priorities:
Narrowing the parallel-market exchange-rate gap.
Strengthening confidence in the Iraqi dinar.
Modernizing banking infrastructure.
Expanding international trade.
Improving oil revenue management.
Diversifying the economy beyond oil dependence.
🔎 CONNECTING THE DOTS:
Iraq's economic transformation involves much more than a currency adjustment. Monetary stability, banking reform, international integration, energy development, and political cooperation are all important pieces of the broader picture.
💵 The key question remains: How will these reforms translate into the next phase of Iraq's monetary and economic strategy?
These developments do not constitute official confirmation of an RV or an approved date for Project Delete the Zeros. We continue watching the official signals.
🇮🇶✨ Connecting the dots as Iraq moves toward a more modern and diversified economy!
🇮🇶🌐 IRAQ ADVANCES TRADE DIVERSIFICATION AND WTO ACCESSION EFFORTS!
Iraq’s Foreign Minister Fuad Hussein met with International Trade Centre (ITC) Executive Director Pamela Coke-Hamilton to discuss support for Iraq’s WTO accession process and expanding international trade opportunities.
🤝 Discussions focused on:
Diversifying Iraq’s exports.
Strengthening the private sector and SMEs.
Developing agricultural and food supply chains.
Attracting international investment.
Supporting Iraq’s integration into global markets.
💵 WHY IT MATTERS: Expanding non-oil exports and strengthening trade infrastructure are important steps toward reducing Iraq’s dependence on oil revenues and building a more diversified economy.
🔎 CONNECTING THE DOTS: WTO accession, economic diversification, and financial modernization are interconnected parts of Iraq’s broader economic reform agenda.
🇮🇶✨ Iraq continues working toward greater participation in the global economy!
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By John Lee.
Talks between Iraq's foreign minister and the head of the International Trade Centre (ITC) have covered economic diversification, private sector development, and support for Iraq's accession to the World Trade Organization (WTO).
Foreign Minister Fuad Hussein met ITC Executive Director Pamela Coke-Hamilton at the Ministry of Foreign Affairs in Baghdad on Sunday. Topics discussed included increasing Iraqi exports, developing trade policies, and strengthening investment and trade partnerships.
The two sides also discussed:
Hussein highlighted the Iraq Trade Forum for Development and Investment, hosted by Baghdad from 25 to 28 October 2026.
(Source: Ministry of Foreign Affairs)
