Episode Details

A new Iraqi government policy is putting the Iraqi dinar back at the center of domestic commerce. Mazhar Muhammad Saleh, an adviser to Prime Minister Ali al-Zaidi, says there is a government direction to adopt the Iraqi dinar for transactions within Iraq, in accordance with the country's existing legal framework. The announcement comes only days after Iraq implemented a new exchange-rate structure. Beginning October 7, 2026, the Central Bank of Iraq set: 💵 1,500 IQD per USD — dollar purchase price from the Ministry of Finance 🏦 1,510 IQD per USD — dollar sale price to banks 🇮🇶 1,520 IQD per USD — cash dollar sale price to the public The Central Bank says the new rates were adopted in response to current economic and financial conditions and following a Council of Ministers recommendation. It also says foreign reserves remain sufficient to meet legitimate foreign-currency needs. Now the government is emphasizing the use of the dinar for domestic transactions, along with stronger market oversight, consumer protection, anti-monopoly measures and support for local production. Prime Minister Ali al-Zaidi has also defended the exchange-rate adjustment before Parliament, saying the government faced difficult choices involving salary payments, borrowing and the country's already-large debt burden. He said public debt had exceeded 208 trillion dinars when he took office and that the government needed roughly 10 trillion dinars every month to meet its obligations. So what does this new push for dinar-based transactions actually mean? Does it signal a broader move toward reducing reliance on dollars inside Iraq? Could it strengthen demand for the Iraqi dinar? And how does it fit into Iraq's broader banking, exchange-rate and economic reforms? We're breaking down the facts—and what to watch next. Thanks for Watching! Following Iraq’s Story — Don’t Give Up 💰🔥 https://tinyurl.com/godhastheanswers 📌 Disclaimer: This video is for news, commentary, and educational discussion. It is not financial or investment advice. The information presented reflects the source material and analysis available at the time of publication. #Iraq #iraqiDinar #iqdrv #IraqiDinar #Dinar