Claims are circulating that the U.S. Treasury has approved a “1:1” exchange rate for the Iraqi dinar (IQD). But is that even possible within the global financial system?

In this 2026 fact check, we explain how exchange rates are actually determined, who controls them, and why foreign governments—including the U.S.—do not set or approve another country’s currency value.

We also examine the role of the Central Bank of Iraq, which is solely responsible for Iraq’s monetary policy and exchange rate framework.

This video breaks down what’s verified, what’s misunderstood, and why claims like “1:1 approval” don’t align with real financial operations.

📊 This video covers:

• “1:1 rate approval” claim explained
• Role of the U.S. Treasury vs central banks
• How exchange rates are actually set
• Why foreign approval isn’t required
• Facts vs speculation in current reports


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Disclaimer:

This content is for informational and educational purposes only and should not be considered financial or investment advice. The information presented includes discussion of widely circulated claims that are not supported by official financial systems.

We do not confirm that the U.S. Treasury has approved any 1:1 exchange rate for the Iraqi dinar. Viewers are encouraged to rely on official sources and verified financial data.

Currency markets involve risk, and outcomes are not guaranteed.