Nick Fleming RVGCR Intel Update April 23, 2026

                      

MarkZ

[via PDK]

Cliff notes from articles: In Iraq now- you can only pay for real estate whether you are renting or buying with Iraqi Dinar. They can no longer use the US dollar. It has to be in dinar. This is huge. We were told they would do this. It took them a long time. 

Mountain Goat

…the meeting to determine the new prime minister was first supposed to happen last Saturday, then postponed until Sunday and then Monday. Now they are saying Wednesday [today].

Article quote:
‘…the coalition has postponed the official declaration of its candidate for Iraq’s prime minister until Wednesday.’ 

Frank26 (KTFA)

[Iraq boots-on-the-ground report]

OMAR: The United States of America suspends dollars to Iraq on Channel 8 Kurdish television.

FRANK: There’s no more dollars going into Iraq.  You know how exciting that is.…That’s going to put a lot of pressure for the new exchange rate because you have been using the dollar in place of a new exchange rate…This is going to put a lot of pressure on them to release the new exchange rate…I’ve been waiting for it to happen…I’m glad to see Trump is now implementing it.  This is going to be followed by…sanctions for individuals…

They have officially started the project of the lifting of the three zeros…from the exchange rate to add value to the currency.  Here’s the problem.  They say that all the time…But this is the first time it’s being done with Donald Trump.

Clare (KTFA)

Article:
‘Because of the ‘factions,’ Washington is preventing the transfer of $500 million in oil revenues to Baghdad’

Quote:
‘The Wall Street Journal quoted the US State Department as confirming that Washington expects Iraq to take concrete steps to dismantle these groups, stressing that Baghdad’s ‘failure’ to prevent attacks targeting US interests and its allies in the region casts a negative shadow on bilateral relations between the two countries.’

Jeff

The formation of Iraq’s government is the lynch pin to the rate change…It’s all coming together…They are setting the stage to revalue…We’re extremely close to the timing of the rate change…Good news is coming…

Many…have stated deleting the zeros refers to taking zeros off the exchange rate…Very misleading, inaccurate information…It means taking three zeros off the currency notes.  In other words, ending, eliminating, removing three zeroed or multiple zero currency notes.  It has nothing to do with the exchange rate.  Only the currency notes.   Getting them, phasing them out, removing them, getting them out of circulation to replace.  They’re going to be replacing multiple  zero currency notes with smaller currency notes.  Why.  Because the US sanctions are coming off and Iraq has little to no  inflation.

Stephen

I have never seen this much pressure …movement…heat on Iraq…You have President Trump directly calling out Iraq, telling them not to reelect al-Maliki as their Prime Minister.  You have US delegations going back and forth to Iraq negotiating with them…Now the fact that the USA has said, ‘We are now holding the US dollar over your head, and if you don’t comply, if you don’t get rid of all the Iranians in your government, we are no longer sending you dollars.’  The is a huge huge deal.  Probably one of the biggest developments since 2003…I think this is a good pressure we are now putting on the country.

I think we’re closer than ever.  I don’t know when it’s going to happen.  Obviously I would love for it to happen tomorrow.  Will it happen tomorrow.  Probably not.  I do believe we’re in a 12-month window.  I believe it most likely will happen in the next 12 months, hopefully sooner…

Sandy Ingram

Why has Iraq not disarmed the Iran-backed militants.  This has gotten totally out of hand. Other countries in the Middle East are calling on Iraq to explain why missiles are leaving Iraq and landing in their countries. This is really serious….How does this affect our investment.  …We are unsure what hold Iran has over Iraq…Religious ties may be behind the unusual bond between the two countries…As investors, we may need to wrap our heads around the fact that Iran will always be in the picture.  Does Iran want Iraq’s currency to adjust to a higher value.  Probably, but we can’t be sure.  At least not yet.

Fnu Lnu

Governor Ali Al-Alaq has described ‘Deleting the Zeroes’ as an ongoing internal technical project. No new banknotes have been printed. No public education campaign has launched. No timeline has been announced. The Central Bank has explicitly linked any future redenomination to achieving economic stability first — not the other way around…In November 2025, the CBI…issued a formal public statement rejecting rumours of any exchange rate change, stating there is ‘no intention whatsoever to amend the exchange rate of the Iraqi dinar…’ This comes directly from the CBI…It is difficult to imagine a clearer official denial. 

MilitiaMan

The headlines can feel loud with regional tensions but underneath that noise the real signals we’ve been tracking continue to show a quiet but steady progress on reforms, diversification and political cleanup taking place.

 

Reset Intelligence

Parliament backed the Central Bank’s monetary independence as a principle. That is a different question from what the banks think of the man in the governor’s seat. On the same week the parliament speaker walked into the governor’s office, the central bank issued the ninety-page supervisory framework that binds fifteen Islamic bank licences to  the International Financial Services Board standard on capital adequacy. The institutional track keeps running under the operator who has refused for a year to touch the rate. The plumbing continues to tighten.

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