HOT: Iraqi Denies Any Intention To Devalue The Dinar Against The Dollar.

[Luigi1]

Here's some articles of Dinarian interests...

Direct From The SANDBOX Report. 

Iraq Denies Any Intention To Devalue The Dinar Against The Dollar.

Treat as rumors.  Not verified.  Your opine.

 

 

 

FROM IRAQI SOURCES:     The Iraqi Government Denies Any Intention To Devalue The Dinar Against The Dollar.
ARTICLE:  The Iraqi PM's economic advisor, Mazhar Mohammed Salih, denied the government's intention to adjust the exchange rate by devaluing the Iraqi Dinar against the USD to provide liquidity.  "Iraq's ER policy is a contractual one between the Ministry of Finance & the CBI" Saleh said in an interview with Al-Eqtisad News.  "This is because the reserves supporting the Iraqi Dinar reinforce the external value of the currency, meaning that the Dinar, backed by foreign currency, comes from oil revenues."

 

He explained that "this is called foreign exchange covered by foreign currency," noting that "the last thing the Iraqi government is thinking about is changing the ER, because the policy of changing the ER every so often is bad policy, so it is preferable for the ER to remain officially stable in this manner."

Mazhar Mohammed Saleh believes that "oil is a global commodity that is not affected by the Dinar's devaluation, increase, or otherwise.  At the same time, this constitutes inflationary financing through deceiving people & this is not true."  He considered the policy of devaluing the Dinar to be "dangerous & not easy, while the state is constantly working to raise & improve the Dinar's value, not to devalue it."

He stressed that "the right thing to do is to keep the ER as low as possible, unless the economy is exposed to major emergencies, which I don't expect to happen, as long as the economy is oil-based & generates foreign currency flows.

 

"He believed that "there are no such plans, neither now nor after the elections & no one is thinking about this matter in light of the current circumstances & the constants & variables of the current situation."

He continued, "There is no economic policy that tends to fluctuate between depreciation & appreciation of the exchange rate."

He stated that "the  ER & the Iraqi Dinar have been stable for very long periods, so manipulating the ER is a bad & incorrect policy.  The correct policy is to maintain the status quo & thus maintain overall stability so that development, investments & plans can be sustained."

Mazhar Mohammed Saleh also stated that "the worst type of financing is inflationary financing resulting from the devaluation of the Iraqi Dinar, as economic literature suggests, which means deducting from citizens' income by reducing real income to a valueless cash income."

Regarding the easiest ways to address the liquidity shortage, Mazhar Mohammed Saleh explained that "the financial system should be improved by improving revenues."

 

Baghdad & Erbil Reach Agreement On Oil Export Mechanism; Resumption Contingent On Iraq's Talks With Türkiye.

The Ministry of Natural Resources in the Kurdistan Region of Iraq announced on Wednesday that it had reached an agreement with the federal Ministry of Oil regarding the mechanism for exporting oil.

 

The ministry said in a statement received by (Mawazine News) that "the minutes of the agreement were signed by 23 figures from the delegations of both sides, including 17 members of the Iraqi Ministry of Oil delegation."

 

The statement added, "The meetings began on July 17, and during this period, visits were made to all of the region's fields.  After evaluating technical problems & conducting intensive negotiations, an agreement was reached on August 11 on the mechanism for exporting oil from the Kurdistan Region's fields, so that oil would be delivered according to the daily production of the region's fields, after reserving 50,000 barrels to cover local needs in the region & the remainder would be delivered to the SOMO Marketing Company."

 

It indicated that "the resumption of oil exports from the Kurdistan Region will remain contingent on the federal government's talks with the Turkish government, so that the process can be effectively implemented." 

 

The Securities Commission Details Its Achievements Over The Past Two Years: Listing 19 Companies & Issuing A Governance Guide.
The Securities Commission detailed its achievements in 2024 and 2025 on Wednesday, affirming its commitment to developing the investment environment & enhancing transparency in the Iraqi financial market.

In a statement, the commission said, "Within the framework of enhancing int'l cooperation & developing the operations of the Iraq Stock Exchange, the Iraqi Securities Commission, under the leadership of its chairman, Faisal Al-Haimus, achieved notable accomplishments during 2024 & 2025."

The commission added that it "worked to list 19 new companies on the Iraq Stock Exchange during 2025, in a significant step that contributed to diversifying the base of listed companies & enhancing the market's attractiveness to local & int'l investors."

She continued, "A corporate governance guide for listed companies has been issued, which contributes to enhancing transparency & good practices in corporate governance."  She added, "We are also working to update trading mechanisms in cooperation with regional financial markets, which contributes to developing the infrastructure of the Iraqi market."

She added, "Agreements have been concluded with the Egyptian Financial Markets & the Abu Dhabi Securities Exchange, with the aim of exchanging expertise & enhancing transparency & digital transformation in the Iraq Stock Exchange."

 

The Commission added, "The Iraqi Securities Commission received the 2025 Arab Banking Excellence & Achievement Award from the World Union of Arab Bankers, in recognition of its prominent role in supporting the Iraqi banking sector & developing its services to meet market requirements."

The Commission affirmed, according to the statement, its "continued efforts to enhance the investment environment in Iraq, which will contribute to attracting local & foreign investments & enhancing investor confidence in the Iraqi financial market."  

 

Al-Sudani: Iraq's Investments Exceeded $100 Billion In Two Years.
PM Mohammed Shia al-Sudani confirmed on Wednesday that Iraq's investments in two years have exceeded $100 billion.

 

The PM's media office said in a statement that "PM Mohammed Shia al-Sudani received, on Wednesday, representatives of the coalition of six companies that have applied to rehabilitate, develop & operate Baghdad Int'l Airport, in the presence of representatives of the Int'l Finance Corporation (IFC), which is advising the Ministry of Transport on the project."

 

The PM blessed "the holding of the conference to review the projects of the IFC, which is an important partner with Iraq in joint work & the implementation of many projects in various stations and sectors," appreciating "its efforts in completing the work in a manner befitting Baghdad Int'l Airport, given its importance to Iraq, which is witnessing a state of recovery, stability, development & reconstruction movement in all governorates."

 

He stressed that "Iraq's distinguished geographical location has prompted us to invest in air transport, aircraft transit and service to passengers," noting "the existence of many government projects in this field."

 

He stressed that "Iraq is currently attracting significant Arab and foreign investments in various sectors, exceeding $100 billion over the two years of the government's term."  He explained that "Baghdad Airport is a showcase for the capital & must receive the necessary rehabilitation & development, as well as management that provides services & generates revenues."

 

He indicated that "there is a real & clear opportunity to increase the number of passengers from abroad to Baghdad," pointing to "the need to reconsider the management style of the government sector, in airports & most sectors."

 

He stressed that "the opportunity is available at Baghdad Airport & at the airports of Najaf, Basra, Nasiriyah & Mosul, and we have chosen successful experiences in the region for managing & operating airports," noting that "we have contracted with the Int'l Finance Corporation (IFC) to work as a specialized advisory body to prepare the investment portfolio for the development & operation of Baghdad Airport."

 

The PM welcomed "all Arab and foreign companies in Iraq, as a message that it is a safe and attractive environment for investment," noting that "the government will provide support, assistance & all facilities for the companies' work."

 

He explained that "the project to rehabilitate, develop & operate Baghdad Airport is based on a desire to find the best coalition, company or investor that can provide a successful model for the airport."

[Hotcurl]

Watch what they do and not what they say ...................

 

Lots of talk and idle chatter .....................

 

Just sayin' ..................

[Luigi1]

Here's MZs two cents worth...The quiet before the big shoe drops...

 

 

 

Some highlights by PDK-Not verbatim.

THREAD:    The Quiet Before The Big Shoe Drops.

Member:  Hi Mark & Mods, Good Morning!

Member: Are we there yet?

Member: Tomorrow is the anniversary of Nixon taking us off the gold standard!

Member: MM had some very good articles in his video. It’s looking very positive by end of the month with the banks Mark!

Member: Mark it feels like news articles are hopping but still feels like everything is moving slowly. What gives?

MZ: Baghdad-Kurdistan agree to resume oil exports under a special mechanism” They finally signed it. They put ink to paper. This is a big one.

MZ: Iraq to export oil to Syria” This is important. They are building another pipeline for even more output. They are positioning for an extreme change in revenue.

Member: Always lots of talk with no action. Come on Iraq!!!!

MZ: “CBI discusses banking reform plan with Oliver Wyman”  I believe they are on a limited time period – less than 20 days to get things done. They are linking the Iraqi compliant banks with the international world. We were told when they entered the international world they would have an international currency. And we expect a higher value.

Member: Frank has talked a lot about Mr. Wyman this week. He is excited

Member: Per Walking stick US gave Iraq 20 days & counting to start their monetary reforms.

Member: Wonder when that countdown started?

Member: Question for you! As time has gone on. What currencies do you think will be in first basket?

MZ: The ones I am most confident in are Iraq, Vietnam & Indonesia.

Member: Last list we has is: 1. US 2. UK 3. Kuwait 4. Canada 5. Mexico 6. Russia 7. China 8. Venezuela 9. Iranian Rial 10. IRAQ 11. Indonesia Rupiah 12. Malaysia 13. Vietnamese 14. Brazil 15. Saudi Arabia 16. Qatar 17. United Arab Emirates 18. Turkey 19. Afghanistan. Possibly 20. India 21. Libya 22. Japan 23. Zimbabwe. Hope its still true.

Member: Do you think the Venezuela Bolevar will hit at $.33.

MZ: I have no idea. We may be waiting until our exchange to finally know.

Member: I heard this rumor that the rv won’t happen until after Labor Day or around that timeframe. I’m really hoping & praying it’s before.

Member: Nader says its time to be rich. 

Member: No bond or banking news?

Member: I am not hearing any real chatter about timeframes for this to happen. It is almost too quiet. Maybe that a good thing?

MZ: No bond news today. Not for lack of trying but a lack of people willing to speak.

Member: We all pray they are under NDA’s & we are next.

MZ: Here is an interesting one for those of you to read between the lines. 

Member:  Please good guys end this epically long movie!

Member: Just keep having faith in the size of a mustard seed in God to get us through this.

Membere: I always thought that things would go pretty quiet before the shoe dropped.

Member: Thank you Markz, Mr C & wonderful mods.

 

[Artitech]

[umbertino]

Quote

Iraq Denies Any Intention To Devalue The Dinar Against The Dollar.

End Quote

 

 

Just reading this in 2025 gives you the idea of where we're at in regard to this "investment"....No matter how it ends.....But it is enlightening  anyway......

[screwball]

6 hours ago, Hotcurl said:

Watch what they do and not what they say ...................

 

Lots of talk and idle chatter .....................

 

Just sayin' ..................

actions always speak louder than words.....its like blackrock saying they wont have a xrp etf!!!!!!! said same about bitcoin and looked what happen!

[Luigi1]

 

6 hours ago, Hotcurl said:

Watch what they do and not what they say ...................

 

Lots of talk and idle chatter .....................

 

Just sayin' ..................

 

Lest we forget Kuwait & China denied a rate change...then boom...there it was.