Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar Guru opinions 10-11-2026

Iraqi Dinar Guru opinions 10-11-2026

10-11-2026 Intel Guru Frank26 We needed stability and that’s what 1500 is doing. 1500 stabilizes [Iraq’s] exchange rate…1500 is bringing you security and stability…clearing the way for the RD and RI in the next 2 1/2 months and God willing for January 1st to be the launch of [Iraq’s] monetary reform by lifting the 3-zeros and giving lower notes… Read more…

The dollar exchange crisis is spreading beyond the markets… the citizen is the victim of the government’s war on speculators.

The dollar exchange crisis is spreading beyond the markets… the citizen is the victim of the government’s war on speculators.

10-11-2026

Information/Report…
The child on his way to school may be the most psychologically affected by rising market prices, as he cannot afford sweets with the meager amount of money he carries each day. The new reality forces citizens to reassess their finances after the increased financial burdens resulting from the new decisions of the Al-Zaidi government, which raised the dollar exchange rate by 15 percent. The Prime Minister justified this increase as a means to combat speculators and prevent resorting to borrowing or forced savings. Meanwhile, Read more…

Iraq’s trillions deficit threatens the continuation of salary payments in 2027

Iraq’s trillions deficit threatens the continuation of salary payments in 2027

2026-10-11

Shafaq News – Baghdad
Iraq’s public finances face mounting challenges, with estimates indicating a deficit of up to 50 trillion dinars in the 2027 budget, given the heavy reliance on oil revenues and growing operational obligations. This raises concerns about the government’s ability to secure salaries and financial entitlements, limit borrowing, and maintain investment spending amid regional turmoil and oil market volatility.

These challenges come as the total value of the draft budget is approximately 217 trillion dinars, according to what Read more…

A formal parliamentary appeal has been filed with the Federal Court against the decision to change the exchange rate.

A formal parliamentary appeal has been filed with the Federal Court against the decision to change the exchange rate.

2026-10-11

Shafaq News – Baghdad
The head of the parliamentary rights bloc, Saud Al-Saadi, revealed on Sunday that he had filed an official appeal with the Federal Supreme Court (the highest judicial authority in Iraq) against the government’s decision to change the exchange rate of the US dollar.

Al-Saadi told Shafaq News Agency that he officially filed an appeal today with the Federal Court against Decision No. (544) issued by the Iraqi Council of Ministers, which raised the exchange rate of the US dollar against the Iraqi dinar. Read more…

Iraqi Dinar Guru opinions 10-10-2026

Iraqi Dinar Guru opinions 10-10-2026

10-10-2026 Newshound Guru Jeff Iraq devalued their currency…Does the fact that the rate has already changed matter? IMO no…Iraq can adjust its exchange rate while the budget is still being…drafted but not approved… What we care about is Tuesday 15th, that’s when they stated multiple times the budget would go to parliament for approval…We’re looking for parliament to boycott the budget and not approve it. That’s exactly what you want. As long as the budget remains unapproved that leaves the door open…Iraq is still eligible to change the rate again and go international. Read more…

Between public anxiety and the experience of 2021… Why do economists rule out a comprehensive wave of inflation after the exchange rate adjustment?

Between public anxiety and the experience of 2021… Why do economists rule out a comprehensive wave of inflation after the exchange rate adjustment?

2026-10-10

Shafaq News – Baghdad
Economic experts ruled out on Saturday that all imported and locally produced goods would be affected by the new exchange rate decision for the dollar against the Iraqi dinar, stressing the importance of monitoring prices in the market and following up on inflation data for the coming months to assess purchasing power and hold the concerned parties accountable in the event of Read more…

Following the adjustment of the official exchange rate, the dollar is fluctuating around 163,000 dinars in Iraqi markets.

Following the adjustment of the official exchange rate, the dollar is fluctuating around 163,000 dinars in Iraqi markets.

2026-10-10

Shafaq News – Baghdad / Erbil
The exchange rate of the US dollar recorded a decline in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, on Saturday morning, as trading began at the start of the week, coinciding with the implementation of the new dollar selling rate by the Central Bank of Iraq.

A Shafaq News Agency correspondent said that the dollar prices fell in the Al-Kifah and Al-Harithiya exchanges in Baghdad to 163,600 Iraqi dinars per 100 dollars, compared to Read more…

Iraqi Dinar Guru opinions 10-9-2026

Iraqi Dinar Guru opinions 10-9-2026

10-9-2026 Newshound Guru Jeff Notice how at the same time as the cabinet is ready to go to vote, which allows them to revalue, they quickly created a dinar vacuum to suck in the last remaining notes, implement misdirection, confusion and so forth. Perfect timing to bring this all together and wrap this up within the next few weeks… Read more…

A crisis expert identifies several ways to generate revenue instead of increasing the value of the dollar.

A crisis expert identifies several ways to generate revenue instead of increasing the value of the dollar.

10-9-2026

Information/Baghdad…
Crisis management expert Ali Jabbar Al-Fariji outlined several paths the government could pursue instead of increasing the dollar exchange rate against the Iraqi dinar and placing the brunt of such decisions on the citizens.
Al-Fariji told Al-Maalouma, “Raising the dollar exchange rate from approximately 1,300 to 1,500 dinars gives the government more dinars in oil revenues. According to estimates in the draft 2027 budget, this could generate Read more…

The coordination framework proposes a package of 4 items to address the effects of the exchange rate change.

The coordination framework proposes a package of 4 items to address the effects of the exchange rate change.

2026-10-09

Shafaq News – Baghdad
On Thursday evening, the Coordination Framework (which brings together the ruling Shiite political forces in Iraq) put forward a package of proposals following the increase in the exchange rate of the dollar against the Iraqi dinar, calling on the government and the Central Bank to start implementing them immediately.

According to a statement issued by the framework Read more…

Al-Zaydi imitates his predecessors in raising the dollar exchange rate… Motives and consequences

Al-Zaydi imitates his predecessors in raising the dollar exchange rate… Motives and consequences

2026-10-09

Dr. Shwan Zangana
The Iraqi Council of Ministers, in its twenty-second session, held on 6/10/2026, and based on what was presented by the Minister of Finance and the Governor of the Central Bank, decided to amend the exchange rates of the Iraqi dinar against the US dollar as follows:

1- The price at which the Central Bank of Iraq buys the dinar from the Ministry of Finance is 1500 Iraqi dinars per US dollar.

2- The selling price of the Iraqi dinar by the Central Bank of Iraq to all local banks and Read more…

An economist says that changing the dollar exchange rate will negatively impact the economy, and that the Ministry of Finance must find other solutions to address the budget deficit.

An economist says that changing the dollar exchange rate will negatively impact the economy, and that the Ministry of Finance must find other solutions to address the budget deficit.

10-9-2026

Economic expert Safwan Qusay confirmed: “The sudden change in the exchange rate of the dollar against the Iraqi dinar will negatively affect the Iraqi economy and will create a large gap in the social classes.”

Qusay said in a press statement: “The Ministry of Finance is trying to reduce the effects of the deficit in the 2027 budget by proposing a change in the exchange rate. The Central Bank is also trying to defend its reserves Read more…

Iraqi Dinar Guru opinions 10-8-2026

Iraqi Dinar Guru opinions 10-8-2026

10-8-2026 Newshound/Intel Guru Walkingstick This [1510 devaluation] is very calculated…They’re drawing in USDs off the streets…The biggest factor is those USDs are not flowing over the borders. That’s a huge deal… The problem is they put this out there without explaining it to the citizens of Iraq. That’s why there’s a lot of confusion. This is not a bad thing by any means… Read more…

The exchange rate hike: A price storm looms, prompting parliamentary action to contain the repercussions.

The exchange rate hike: A price storm looms, prompting parliamentary action to contain the repercussions.

10-8-2026

The decision to raise the exchange rate of the US dollar against the Iraqi dinar to 1,500 dinars per dollar has sparked a wave of warnings from members of parliament regarding its economic and social repercussions. There are calls for the government and the Central Bank to take urgent measures to mitigate its impact on citizens and markets, particularly those Read more…

Parliament cancels “dollar session” and settles for a meeting with the Minister of Finance and the Governor of the Central Bank

Parliament cancels “dollar session” and settles for a meeting with the Minister of Finance and the Governor of the Central Bank

2026-10-08

Shafaq News – Baghdad
A parliamentary source reported on Thursday that the Speaker of Parliament decided to cancel the parliamentary session scheduled for today, which was to include hosting Finance Minister Faleh Sari and Central Bank Governor Nizar Nasser Hussein to discuss the repercussions of the decision to raise the exchange rate of the dollar against the Iraqi dinar. Read more…

The Central Bank Governor tells Parliament: The new exchange rate is fixed and can never be changed.

The Central Bank Governor tells Parliament: The new exchange rate is fixed and can never be changed.

2026-10-08

Shafaq News – Baghdad
A parliamentary source reported on Thursday that the governor of the Central Bank informed members of the parliamentary finance committee that the exchange rate of the dollar would remain fixed at 1,500 dinars, stressing that it could not be changed.

The source told Shafaq News Agency that the Central Bank Governor explained to the committee members that any change in the dollar exchange rate within the general budget law would lead to Read more…

Al-Marsoumi explains how to calculate the financial impact of reducing the dinar’s exchange rate.

Al-Marsoumi explains how to calculate the financial impact of reducing the dinar’s exchange rate.

10-8-2026

Economic expert Nabil Al-Marsoumi explained on Thursday the mechanism for calculating the financial impact resulting from reducing the exchange rate of the dinar, indicating that the calculation of additional revenues should not be based on total oil revenues, but rather on net revenues after deducting payments and external obligations valued in dollars.

Al-Marsoumi said that calculating the revenue resulting from the devaluation of the dinar by multiplying the new Read more…

Former MP Amir Al-Maamouri: Most of those objecting to the exchange rate increase bought dollars before the announcement.

Former MP Amir Al-Maamouri: Most of those objecting to the exchange rate increase bought dollars before the announcement.

10-8-2026

Former MP Amir Al-Maamouri revealed on Thursday that most of those who objected to raising the official exchange rate of the US dollar were aware of the decision in advance, noting that they bought dollars before the announcement of the new price and made significant financial gains.

Al-Maamouri said in a post on his official Facebook account: “Most of the objectors know about the increase in the dollar price and they bought dollars from the market before the vote and the announcement of the price of 152 and made great profits.. So why pretend not to know?” Read more…

Iraqi Dinar Guru opinions 10-7-2026

Iraqi Dinar Guru opinions 10-7-2026

10-7-2026 Intel Guru Reset Intelligence Iraq lowered the dinar’s official rate this morning. The Council of Ministers approved it in Tuesday’s session and the Central Bank adopted it: 1,500 IQD to the dollar buying from the Finance Ministry, 1,510 selling to the banks and 1,520 selling to the public. Read more…

New clarification from the Central Bank regarding the adjustment of the dollar exchange rate.

New clarification from the Central Bank regarding the adjustment of the dollar exchange rate.

10-7-2026

The Central Bank of Iraq clarified on Wednesday that the adjustment of the dollar exchange rate comes within a package of economic and financial reforms, stressing that the monetary situation is reassuring and that foreign reserves are at comfortable levels that allow it to meet the demand for foreign currency to finance foreign trade.

He said that “the exchange rate channel is important for the Iraqi economy, Read more…