News, Rumors and Opinions Friday 8-7-2026
Ross: The Solution that will Boomerang the IQD Revaluation
8-7-2026
Iraq does not revalue the Dinar to escape crises of this severity BUT sink-or-swim is the only thing that historically forces Baghdad to move on structural files that have been stalled for years.
The solution that will provide a boomerang towards the revaluation of IQD.
1. Real expenditure rationalization and non-oil revenue expansion.
2. Acceleration of the long-delayed Oil & Gas Law / Hydrocarbon Law framework. This is the single biggest structural unlock for sustained higher oil revenue and FDI.
3. Banking-sector cleanup, better customs collection (ASYCUDA push), and tighter control over regional revenue transfers. Better customs collection and forcing the Region to transfer what it owes directly improves the federal cash position without new borrowing.
4. Possible formal borrowing authority that comes with conditions or oversight. The version that helps the longer-term case is borrowing that is explicitly tied to reform milestones, spending limits, transparency requirements, and parliamentary or external oversight.
5. Serious corruption cleanup and recovery of public/stolen funds. Recovering looted or mismanaged public money is pure liquidity that does not create new debt. It strengthens reserves, reduces the need for printing or emergency borrowing, and signals that the system is finally being cleaned.
6. Continued push on digital payments / reduced cash economy (cuts leakage and improves tax collection).
7. Clear, enforced resolution of the Kurdistan oil and revenue-sharing mechanism so the federal budget is no longer constantly bleeding.
8. Full completion of the cabinet under al-Zaidi and a functioning government that can actually pass and implement the above (vote coming 8/15-20).
None of these items equals an automatic higher dinar rate.
Collectively they shrink the fiscal hemorrhage, raise the quality of revenue, reduce leakage, and make the revalued currency defensible.
All of this is achievable and Baghdad has no choice but to act swiftly.
Lightning-speed fire under Iraq’s a*s progress is and will continue to unfold.
How long can Iraq hold its breath under water?
Source(s):
• https://x.com/Ross_ptm/status/2085407872738066717
https://dinarchronicles.com/2026/08/07/ross-the-solution-that-will-boomerang-the-iqd-revaluation/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick [Iraqi bank friend Aki update] The shortage in liquidity in the markets is causing a big demand on the 3-zero notes...It means the rate is going in the right direction...There are no more 3-zero notes...now there's a huge demand for the 2-zero notes and shortly there will be a great demand for the 1-zero notes...after the 1-zero notes will be the lower notes...Every day our rate fluctuates...The important part is the direction it's going. Every day our currency is gaining value. That's why the RI and the RD will be here soon. We are geared up to go international.
Stephen The last 6 months we have seen change happen like never before. As someone who has been involved in this investment since 2011, Iraq has let deadlines come and go. They have meant nothing to Iraq. But...since the Trump administration has gotten involved with them, we have a new prime minister who is getting rid of corruption, he's signing big deals, it's putting pressure on the HCL law...we have Starlink which is going to allow citizens to do online banking, we have all of these banking reforms being implemented right now. This stuff is happening right before our very eyes...We are in very exciting times.
Jeff There's a massive currency shortage. They're claiming it's due to lack of oil revenues from the war... Iraq talks to you out of both sides of their mouth...You need to think about this from both sides...What are things that might happen when the rate's about to change? ...January through June, they kept telling us, 'Hey, we're eventually going to have to adjust the salary pay scales.' What causes that? ...A rate change force them to have to adjust salary pay scales...Is it possible they're not paying salaries because they need to adjust the pay scale? ...New currency denominations impact the budget and the salary pay scales...All possibly suggest the rate is about to change. Those are things Iraq can't tell you. Iraq had no problem paying salaries during the first half of the year but when you hit the second half of the year it's magically a big problem, which is potentially a new budget period.
************
IQD Update: Is Iraq's Dinar About to Get a Major Makeover?
Edu Matrix: 8-7-2026