IQD/USD Conversion
This is what you were waiting for right?
Many Pilgrims live outside Iraq. But the reason why this is significant is this.
The Central Bank of Iraq’s (CBI) announcement on May 8, 2025, allowing pilgrims to exchange Iraqi dinars for U.S. dollars through designated banks and companies in Baghdad and other provinces, marks a significant step for American holders of Iraqi dinar awaiting its integration into global forex markets ([Iraq Business News](https://iraq-businessnews.com/2025/05/08/dinars-to-dollars-official-list-of-designated-banks/)). This policy, while aimed at pilgrims, signals Iraq’s push toward formalizing and regulating foreign currency exchange, a critical prerequisite for the dinar’s potential internationalization. Something that we know will lead to what we ultimately want.
For U.S. (You & Me) investors holding dinars, who face high-fee money exchanges or black-market transactions due to the dinar’s absence from global forex platforms, per Investopedia, this move suggests progress in stabilizing the dinar’s exchange infrastructure. By expanding access to dollars at official rates on a 1:1 basis, Iraq is testing mechanisms to curb black-market volatility, which could pave the way for broader currency tradability.
For those waiting to cash in, this development hints at a future where the dinar will be exchanged more seamlessly on international markets, potentially increasing its value and liquidity. So all we have to do is wait for a couple of things. One being the oil exports resuming. This is something that is very close. Which is why Donald Trump Middle East trip is very important. We have to keep an eye on this.
These are the chosen banks that do not have any sanctions on them that will be allowed to handle international transactions/transfers once Iraq flips the switch. You are watching a controlled rollout. This is a very calculated progressive move towards full international connectivity to global trade markets. Many banks have been blacklisted. The ones involved in money laundering and other nefarious things.
