Posts Tagged ‘Iraqi Dinar’

The beleaguered Iraqi dinar

The beleaguered Iraqi dinar

2026-10-07 05:41

Ahmed Hussein
A new game is being played by the Al-Zidi government, just as it was played by the Al-Kadhimi and Al-Sudani governments before it. It is the “humiliation” of the value of the Iraqi dinar in front of the master of monetary masters, the US dollar. As usual, the victim is the Iraqi citizen. The Prime Minister and those who revolve around him, the ministers and those who revolve around them, the President of the Republic and those who revolve around him, the deputies and those who revolve around them, the Read more…

Parliamentary move to hold an emergency session regarding the rise in the dollar exchange rate

Parliamentary move to hold an emergency session regarding the rise in the dollar exchange rate

2026-10-07

Shafaq News – Baghdad
Parliamentary circles moved to hold an emergency session to discuss the decision to raise the dollar exchange rate and to compel the government to reverse it, amid warnings of the repercussions of the decision on the Iraqi citizen and market.

Member of Parliament Ibtisam Al-Hilali said in a statement to Shafaq News Agency that she rejects the Cabinet’s decision to change and raise the exchange rate of the dollar against the Iraqi dinar, noting that the decision will Read more…

A new exchange rate ignites Iraq… Experts warn of inflation and the expansion of the parallel market.

A new exchange rate ignites Iraq… Experts warn of inflation and the expansion of the parallel market.

2026-10-07

Shafaq News – Baghdad
The decision to adjust the exchange rate of the Iraqi dinar against the dollar, which came into effect on Wednesday, has ignited the Iraqi market, amid warnings of inflation and a widening gap between the official and parallel market prices for the US dollar.

The Central Bank of Iraq has adopted a new price for selling dollars to citizens at 1520 dinars, compared to 1510 dinars for banks and 1500 dinars for buying dollars from the Ministry of Finance, Read more…

Following the adjustment of the official exchange rate, the real estate market in Erbil enters a freeze phase.

Following the adjustment of the official exchange rate, the real estate market in Erbil enters a freeze phase.

2026-10-07

Shafaq News – Erbil
A real estate expert in Erbil confirmed on Wednesday that the recent rise in the exchange rate of the US dollar against the Iraqi dinar has led to a freeze in the real estate market, predicting that this will be followed by a rise in the prices of investment housing units.

Sardar Azad, the owner of a real estate company in Erbil, Read more…

CBI website statement: A strategic step to enhance financial stability

CBI website statement: A strategic step to enhance financial stability

October 07, 2026

As a strategic step to enhance financial stability, in line with the Central Bank of Iraq and the Federal Government’s commitment to achieving sustainable economic stability and ensuring comprehensive development, and based on joint coordination with the Council of Ministers and in accordance with the provisions of the Central Bank Law No. (56) of 2004, as amended, the Central Bank informs the public of the adjustment to the exchange rate of the Iraqi dinar Read more…

The Central Bank reassures Iraqis: The new exchange rate is a strategic step to enhance financial stability.

The Central Bank reassures Iraqis: The new exchange rate is a strategic step to enhance financial stability.

2026-10-07

Shafaq News – Baghdad
The Central Bank of Iraq described on Wednesday the decision to raise the exchange rate of the dinar against the US dollar as a “strategic step” to enhance financial stability, reassuring citizens and the economic sector of the adequacy and strength of its foreign reserves.

The Central Bank said in a statement that the exchange rate adjustment came within the framework of the bank’s and the federal government’s commitment Read more…

Standard Chartered: Iraq’s reserves could fall to $60 billion by year’s end

Standard Chartered: Iraq’s reserves could fall to $60 billion by year’s end

2026-10-07

Shafaq News – Follow-up
An economist at Standard Chartered Bank suggested on Wednesday that Iraq might turn to the International Monetary Fund if oil revenues continue to decline and the devaluation of the dinar fails to achieve the desired results in supporting public finances.

Carla Slim, quoted by Bloomberg, said that any potential program with the IMF could include structural reforms, particularly regarding Read more…

The rise in the dollar’s price ignites Parliament… A special session will be held tomorrow to host the Finance Ministry and the Central Bank.

The rise in the dollar’s price ignites Parliament… A special session will be held tomorrow to host the Finance Ministry and the Central Bank.

2026-10-07

Shafaq News – Baghdad
The Iraqi parliament voted on Wednesday to postpone the agenda of today’s session and turn it into a general discussion session regarding the decision to raise the exchange rate of the dollar against the Iraqi dinar, while it set a special session for tomorrow, Thursday, to host the governor of the Central Bank and the Minister of Finance to discuss the reasons for the decision and its repercussions. Read more…

The Iraqi Trade Bank begins injecting dollar liquidity to support the dinar and stabilize the market.

The Iraqi Trade Bank begins injecting dollar liquidity to support the dinar and stabilize the market.

2026-10-07

Shafaq News – Baghdad
The Trade Bank of Iraq (TBI) announced on Wednesday that it has begun its work in supporting the national currency and enhancing dollar liquidity to contribute to financial and monetary stability in the country, through continuous coordination and providing cash liquidity of foreign currency to meet market needs and finance various sectors.

The bank explained in an official statement that these steps come in light of current economic and financial Read more…

Iraqi Dinar Guru opinions 10-6-2026

Iraqi Dinar Guru opinions 10-6-2026

10-6-2026 Newshound Guru Clare Article: “The 2027 draft budget adopts a rate of 150,000 dinars per 100 dollars… and the Central Bank denies fixing the rate so far” Quote: “Member of the Parliamentary Finance Committee, Dylan Ghafour, revealed on Monday that the draft Iraqi budget for 2027 includes adopting an exchange rate of 150,000 dinars per 100 dollars, in a move that, if approved, would represent a clear change in the rate adopted during previous years…the proposal is still within the draft budget and has not yet been voted on in the Cabinet.” Read more…

Parliamentary Finance Committee: The 2027 budget is 217 trillion dinars, with a deficit of 50 trillion.

Parliamentary Finance Committee: The 2027 budget is 217 trillion dinars, with a deficit of 50 trillion.

2026-10-06

Shafaq News – Baghdad
On Tuesday, Abbas Ahyal, a member of the parliamentary finance committee, revealed that the total value of the draft general budget for Iraq for 2027 amounts to 217 trillion dinars, while the deficit in it reaches 50 trillion dinars.

Ahyal told Shafaq News Agency that the parliamentary finance committee hosted Finance Minister Faleh al-Sari today to discuss the draft general budget law for 2027, the most important articles and paragraphs of the law, and the date of its submission Read more…

Iraqi Dinar Guru opinions 10-5-2026

Iraqi Dinar Guru opinions 10-5-2026

10-5-2026 Newshound Guru Jeff The draft [2027 budget law] is expected to reach the House of Representatives on the 15th of this month. The 15th of this month is exactly the anniversary date when Shabibi put the original currency denominations [the new currency that you and I hold for this investment] into circulation 10-15-2003. They could be repurposing that anniversary date in memory of Shabibi because he’s the founding father of this…Their actions suggest they’re doing something from a historical anniversary perspective…In order for them to do that they would have to change the rate… Read more…

Iraqi Dinar Guru opinions 10-4-2026

Iraqi Dinar Guru opinions 10-4-2026

10-4-2026 Newshound Guru Jeff Community Comment: “We’re so close, yet still feels so hard to believe.” Completing the government cabinet is the lynch pin to the rate change…The majority of the articles are saying within the next week. We have two articles talking about within the next two weeks completing the cabinet…Right now we’re so close to the finish line the safest way to play it is one week at a time…Everything is going to be very short notice so they can wrap it up very quickly. Read more…

Iraq’s revenues reached 39 trillion dinars by July, with oil accounting for 78% of that.

Iraq’s revenues reached 39 trillion dinars by July, with oil accounting for 78% of that.

2026-10-04

Shafaq News – Baghdad
Data released by the Iraqi Ministry of Finance on the implementation of the federal budget up to the end of July 2026 on Sunday showed that Iraq’s total revenues amounted to about 39.096 trillion dinars, with oil revenues constituting about 78% of the state’s total resources.

According to data seen by Shafaq News Agency, oil revenues amounted to Read more…

Iraqi Dinar Guru opinions 10-3-2026

Iraqi Dinar Guru opinions 10-3-2026

10-3-2026 Newshound Guru Jeff All of us [in the United States] are going to have no choice when we exchange. We have to go into the US dollar because we’ll be exchanging by banks, brokers. No matter what, you’re going to have to go straight into the US dollar. When you exchange you’ll go from dinars to dollars. Right there is your taxable event. That’s how it’s going to work. Then from the dollar you can go into crypto [or anything else]. Read more…

Iraqi Dinar Guru opinions 10-2-2026

Iraqi Dinar Guru opinions 10-2-2026

10-2-2026 Newshound Guru Stephen If you have been holding for a long time like I have it’s okay to be excited because we have never seen Iraq make this much progress as they have…Iraq gaining their full sovereignty, they finally having a prime minister who is a business guy. He’s a banker. He likes money. He was installed by the Trump administration to help facilitate and bring about these monetary and banking reforms and all the changes we are seeing…We have a lot to look forward to…We are pretty darn close to the end of this ride.​ Read more…

Iraqi Dinar Guru opinions 10-1-2026

Iraqi Dinar Guru opinions 10-1-2026

10-1-2026 Newshound Guru Jeff Iraq is not fully sovereign…What they don’t have and won’t have until the rate changes and until they get control over their OPEC oil dollars, the reserves and until they can stop using the dollar for trade because now they have a convertible tradable currency, that’s when they will achieve full sovereignty 100%. Read more…

Iraqi Dinar Guru opinions 9-29-2026

Iraqi Dinar Guru opinions 9-29-2026

9-29-2026 Newshound Guru Jeff The council of ministers has to know the currency value. That’s what the budget is calculated on. That’s why parliament most likely won’t receive this. Parliament has over 200 officials. IMO they will not let parliament see the budget to know the new currency value until the rate has changed…The cabinet is different. They have to create the laws. They have to calculate what is the budget’s figures based on the currency value… Read more…

Iraqi Dinar Guru opinions 9-28-2026

Iraqi Dinar Guru opinions 9-28-2026

9-28-2026 Newshound Guru Jeff A very significant step is coming before us. The US troops are out. We’ve waited 23 years to see the US troops exit. They just told us after the US troops are out, October 1st moving forward they’re going international, they’re becoming sovereign… Read more…

Iraqi Dinar Guru opinions 9-27-2026

Iraqi Dinar Guru opinions 9-27-2026

9-27-2026 Newshound Guru Jeff When they start saying they’re going to transition to international business and sovereignty the rate has to be close. It has to be. It can’t be that far. I think the rate change is very very close… We want to monitor the news about them trying to get the cabinet done by Saturday October 10th…and additional news putting emphasis on them working towards getting the budget sent to parliament for approval on October 15th. If you see that, this thing is going to wrap up… Read more…