Iraq Says the Dollar Will Fall Further — What Happens to the Dinar?

Iraq's Parliamentary Finance Committee says the value of the U.S. dollar link to My FX Buddies Blog could decrease further as more Iraqi banks resume dollar transactions and restrictions on some banks are lifted. Committee Chairman Uday Awad said the move could affect the dollar exchange rate, the flow of U.S. dollars into Iraq, and the parallel market, potentially benefiting the Iraqi economy and reducing the dollar's value in the local market. The comments come as Iraq's banking sector continues to undergo major reforms and as the Central Bank of Iraq works to reconnect eligible Iraqi banks with international financial channels. Could improved access to dollars through the banking system reduce pressure on Iraq's parallel exchange market?And what could this mean for the Iraqi dinar exchange rate? The Finance Committee also plans to host the Central Bank Governor to discuss the mechanisms and policies surrounding these developments. Meanwhile, the Iraqi government has begun preparing the 2027 federal budget, which is expected to reach Parliament in October and be approved before the end of the year. In this video, we examine what Iraq's latest comments could mean for the U.S. dollar, the Iraqi dinar, the parallel market, Iraqi banks, and the country's ongoing financial reforms. ⚠️ Important: A prediction that the dollar may decline does not automatically mean that the Iraqi dinar will experience a major revaluation. The actual exchange rate will depend on monetary policy, foreign currency supply and demand, banking reforms, government finances, and broader economic conditions. What do YOU think? Could the return of more Iraqi banks to dollar transactions finally reduce pressure on the parallel market? 👉 Subscribe for more Iraqi dinar news, Central Bank updates, banking reforms, exchange-rate developments, and Iraq economic analysis. Thanks for Watching! Following Iraq's Story — Don't Give Up 💰🔥 #Iraq #iraqiDinar #iqdrv #Iraq #IraqiDinar