Edu Matrix: Who’s Holding up the IQD RV?
11-2-2025
The revaluation of the Iraqi Dinar (IQD) has been a topic of intense speculation and discussion for years, yet the anticipated change remains elusive. Why?
In a recent insightful video from Edu Matrix, financial expert Sandy Ingram delves deep into the labyrinthine factors impeding the IQD revaluation, identifying five primary entities that collectively contribute to this ongoing delay.
Her analysis urges viewers to consider who truly holds the most sway in this intricate geopolitical and economic landscape.
First up, the mighty United States. Sandy Ingram points out that the U.S. exerts significant pressure on Iraq, particularly regarding its relationship with neighboring Iran.
Beyond geopolitical maneuvering, the U.S. is deeply concerned about controversial legislation being introduced in Iraq’s parliament. A startling example cited is a proposed bill that would reportedly allow adult men to marry 10-year-old girls. Such legislation raises global human rights alarms and undoubtedly impacts international confidence and potential U.S. support for Iraq’s economic aspirations.
Next, we turn to the International Monetary Fund (IMF). A crucial prerequisite for any currency revaluation is the certification of a nation’s economic stability. While Iraq is rich in oil, the IMF has yet to certify its economic stability beyond this single sector. For a sustainable and credible revaluation, Iraq needs to demonstrate a diversified and robust economy that isn’t solely reliant on fluctuating oil prices. This certification is a non-negotiable step for the global financial community.
The Central Bank of Iraq (CBI) faces its own set of challenges. Sandy Ingram highlights criticism directed at the CBI for failing to adequately align the Iraqi banking system with international standards. In today’s interconnected financial world, such alignment is critical for establishing credibility, fostering trust, and ensuring currency stability. Without a banking infrastructure that meets global benchmarks, the path to a fully revalued and convertible currency remains fraught with obstacles.
The Iraqi government itself isn’t exempt from scrutiny. Sandy Ingram points to poor fiscal management practices, specifically the government’s habit of earning revenue in U.S. dollars but spending in Iraqi dinars. This creates unintended distortions in currency flow, complicating the CBI’s efforts to manage and stabilize the dinar. Effective revaluation requires coherent and disciplined fiscal policies that support, rather than undermine, the national currency.
Finally, a less obvious but significant factor involves the Iraqi people. Sandy Ingram suggests that the reluctance of citizens to deposit their banknotes into formal banking institutions limits the central bank’s ability to effectively control currency circulation. A central bank needs to understand and manage the supply of its currency in the system to undertake an effective revaluation. When a significant portion of cash remains outside the formal banking system, this vital control is hampered.
After laying out these five complex factors, Sandy Ingram emphasizes a critical point: among these five, two actors are significantly more responsible than the others for the current delay. The remaining three issues, while important, are viewed as ongoing efforts or “work in progress.” This distinction is crucial, prompting viewers to ponder which two entities wield the most decisive power in this scenario.
The revaluation of the Iraqi Dinar is clearly not a simple economic adjustment. As Sandy Ingram eloquently articulates, it is a multifaceted issue deeply interwoven with political pressures, economic prerequisites, and social behaviors. Understanding these intricate layers is essential for anyone following the IQD’s journey.
For a deeper dive into these intricate details and to form your own conclusion on who holds the most influence, be sure to watch the full video from Edu Matrix.
https://www.youtube-nocookie.com/embed/Yb-4DMap-QA?feature=oembed&enablejsapi=1
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