Why would you think BlackRock would be interested in helping Iraq revalue its currency?

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The question of whether BlackRock might support a revaluation of the Iraqi dinar (IQD) is valid because of the firm’s immense influence in global finance, its growing interest in emerging markets, and Iraq’s strategic position in global energy and infrastructure. While BlackRock is not a government or central bank, it manages over $10 trillion in assets and often works closely with central banks, sovereign wealth funds, and major institutional investors. Its opinions and investment choices can shape market narratives and influence policy discussions—especially in developing economies looking to attract foreign capital.

Iraq is of particular interest because it sits on one of the world’s largest oil reserves and is in the early stages of rebuilding its economy, banking system, and infrastructure after decades of conflict. A currency revaluation would signal increased economic stability and could open Iraq to more international investment. BlackRock, which invests in infrastructure, energy, and sovereign debt, might view such a revaluation as a step toward making Iraq more attractive for long-term investment—especially if paired with reforms and greater transparency.

Furthermore, BlackRock has publicly shifted more of its strategy toward emerging markets and has warned about the risks of U.S. dollar overdependence. If Iraq, backed by reforms and reserves, aimed to strengthen its currency as part of broader modernization efforts, BlackRock’s support—whether direct or implied—would lend credibility and possibly encourage other large institutional investors to follow.

So, while BlackRock cannot directly change the value of the IQD, its support for such a move could legitimize the idea on the global stage. That’s why the question is not just valid—it’s strategic.