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✅ Highlights – Clare’s Update (Aug 2025):
🔹 CBI is pulling dinar off the streets — reducing money supply to create double demand vs. the USD.
🔹 This strategic move is causing the IQD to strengthen on the parallel market (unofficial exchange). 📈
🔹 The tactic: Less dinar in circulation = more value per note. Smart monetary tightening by the Central Bank.
🔹 Meanwhile, rumors about the destruction of 62 trillion dinars have been officially denied. ❌🔥
🔹 PM Sudani’s financial advisor calls the claim "baseless and economically absurd."
🔹 Clarification: 88% of Iraq’s money supply is in the hands of the public, not destroyed
— it's just outside the banking system.
💡 Bottom Line: Iraq is playing its cards wisely — tightening the dinar supply, fighting false rumors, and boosting demand. All signs point to a potential exchange rate rise on the horizon.
#IraqDinar #IQD #CurrencyNews #DinarUpdate #CBI #RevaluationWatch
Clare
Article: “Among them is the economic contraction.. An expert reveals the reasons behind the decline in the exchange rate." Quote: "The Central Bank of Iraq withdrew a portion of the dinar money supply from the market, creating a double demand for the Iraqi dinar against the dollar. This balance in demand levels between the two currencies helped boost the value of the dinar and raise its exchange rate against the dollar on the parallel market."
Article: "Al-Sudani's advisor denies rumor of 62 trillion dinars being destroyed: It is baseless." Quote: "The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed that the circulating rumors regarding the destruction of half of Iraq's currency, amounting to approximately 62 trillion dinars, are baseless, describing them as illogical allegations that lack the slightest degree of credibility and economic logic...He explained that approximately 88% of the monetary mass is held outside the banking system in the hands of individuals, not in any single institution."
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