Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar Guru opinions 8-21-2026

Iraqi Dinar Guru opinions 8-21-2026

8-21-2026 Newshound Guru Sandy Ingram Iraqi TV was preparing people for the deletion of the zeros…But I want to make sure you understand the difference between what Iraq is discussing and what Iraq has actually approved…The Council of Ministers has not made a final decision to delete three zeros from the dinar…Earlier reports made it sound as though a decision had already been made…The idea of deleting the three zeros and restructuring Iraq’s currency is once again being seriously discussed within Iraq…But as of right now, there has been no official announcement giving us an implementation date…The CBI has not said a damn thing and that is what you have to remember. Read more…

A crisis of confidence and a cash economy: Around 97 trillion Iraqi dinars are outside the banking system.

A crisis of confidence and a cash economy: Around 97 trillion Iraqi dinars are outside the banking system.

2026-08-21

Shafaq News – Baghdad
Cash held outside the banking system constitutes one of the most prominent challenges facing the Iraqi economy, given the continued reliance of a large segment of citizens and merchants on cash transactions and keeping part of their money outside banks.

While money outside the banking system does not necessarily mean that it is entirely hoarded, its sheer size raises questions about the weakness of banking transactions and the ability of banks to attract savings and convert them into loans and financing for projects and investments. Read more…

Iraqi Dinar Guru opinions 8-20-2026

Iraqi Dinar Guru opinions 8-20-2026

8-20-2026 Newshound/Intel Guru Mnt Goat …there is a VERY STRONG emphasis that…removing the zeros …is going to happen and has been at least authorized and decided on to go forward now from the GOI Finance Committee side and now they need parliament to pass the new law to remove the zeros. Then the CBI needs to tell us they are moving ahead. These last parts we don’t yet have confirmation since this wonderful news just broke recently…the CBI did send a representative to an important meeting with Al-Zaidi and the head of the Finance Committee to discuss changes to a long-standing law to remove the zeros. There were amendments needed to the law and it has been forwarded to parliament already for implementation. Read more…

Iraqi Dinar Guru opinions 8-19-2026

Iraqi Dinar Guru opinions 8-19-2026

8-19-2026 Intel Guru Frank26 [Iraq boots-on-the-ground report] OMAR: The television here in Iraq says there are plans to remove the three zeros from the dinar and reprint our currency. The move they say aims to tackle large denominations, to push hoarded cash into the banks and to curb illicit money…If it follows a 1,000 old dinar to a new 1 dinar rate, then 1 million old dinars becomes 1,000 new ones. This redenomination simplifies transactions without automatically booting purchasing power or the exchange rate. Experts note it could reduce the money supply if old bills go un-exchagned. They say on TV that while online voices mix optimism about isolating legitimate funds with caution on real gains amid current rates that near the .00076 per dinar. The central bank has not set a timetable. Read more…

Removing zeros: A currency restructuring or a step to boost confidence in the dinar?

Removing zeros: A currency restructuring or a step to boost confidence in the dinar?

2026/08/19

The issue of removing zeros from the Iraqi currency has resurfaced, amid economic debate about the feasibility of this step and its implications for the value of the dinar and the purchasing power of the citizen, as well as the readiness of the banking and financial sectors to implement it.

Economic experts believe that removing zeros, if implemented within a comprehensive study and a clear plan, could contribute to restructuring the currency and simplifying financial and banking transactions, while emphasizing that the measure itself Read more…

Iraqi Dinar Guru opinions 8-18-2026

Iraqi Dinar Guru opinions 8-18-2026

8-18-2026 Newshound Guru Jeff Deleting the zeros is the very next banking reform step and being implemented in the second half of the year ’26. That’s why they brought all those articles forward yesterday…It wasn’t a coincidence. Read more…

Iraqi Dinar Guru opinions 8-17-2026

Iraqi Dinar Guru opinions 8-17-2026

8-17-2026 Newshound Guru Stephen We have had a very interesting and very exciting 24 hours with breaking news coming out of the country of Iraq. An Article broke saying the Communications Minister was on record saying Iraq is planning to change the currency…Iraq is not going to tell you if they’re going to revalue their currency ahead of time. It’s never going to happen. If you’re waiting for Iraq to come out and say, ‘Hey guys we’re going to revalue the currency on September 5th, go buy as much as you can.’ It’s never going to happen…It would be an economic blood bath for them…If [the communications minister] is publicly releasing this information guess what? The CBI is probably moving on a lot of big things…I’m expecting the CBI to make a statement within the next 24 to 72 hours supporting this statement from the communications minister. Read more…

Prime Minister’s Advisor: Digital Dinar a promising project to enhance the efficiency of monetary policy

Prime Minister’s Advisor: Digital Dinar a promising project to enhance the efficiency of monetary policy

8-17-2026

The Prime Minister’s advisor, Mazhar Muhammad Salih, confirmed on Monday that the digital dinar is a promising strategic project and not a standalone solution to the liquidity crisis. While noting that paying salaries digitally enhances the speed of payments and reduces cash transactions, he explained that the success of the digital dinar depends on expanding banking services and infrastructure. Salih told the official news agency, “The proposal to launch the Iraqi digital dinar is one of the ideas that deserves to be studied within the framework of Iraq’s move Read more…

“A sick currency” in new clothes… Will removing zeros save the dinar or just beautify the crisis?

“A sick currency” in new clothes… Will removing zeros save the dinar or just beautify the crisis?

8-17-2026

Information / Report…
From time to time, the proposal to remove zeros from the currency and replace them as a solution to end inflation and simplify accounting transactions is raised in Iraqi economic and political circles. With fluctuating exchange rates, the ongoing cash liquidity crisis, and the pressures of public debt, the Iraqi citizen finds himself torn between government promises of stability and the very real fears of inflation. Will changing the local currency and removing its zeros represent a genuine lifeline for the ailing economy, or is it merely a cosmetic measure for a sick currency that will not address the root causes of the structural financial crisis plaguing the country? Read more…

Removing zeros from the Iraqi dinar: monetary reform or cosmetic makeover?

Removing zeros from the Iraqi dinar: monetary reform or cosmetic makeover?

2026-08-17

Shafaq News – Baghdad
Talk has resurfaced about the project to remove zeros from the Iraqi dinar, after years of it remaining under study, amid a liquidity crisis facing the government and pressure on financing expenditures and salaries, and in light of a broader discussion about looted funds and the size of the cash circulating outside the banking system.

Supporters argue that renaming the currency could simplify transactions and help regulate cash, while economists warn against turning it into a cure for a financial crisis that the new figures cannot address. Read more…

Iraqi Dinar Guru opinions 8-16-2026

Iraqi Dinar Guru opinions 8-16-2026

8-16-2026 Exit Strategist Thom Article “Iraqi Minister of Communications: A government decision has been issued to change the Iraqi currency and remove the zeros…” The decision has been issued.. Minister of Communications Mustafa Sind: The currency will be changed and the zeros removed! Note that this is NOT official until the CBI makes the announcement. Read more…

Removing zeros from the Iraqi dinar: A long-awaited economic reform or a risk of inflation?

Removing zeros from the Iraqi dinar: A long-awaited economic reform or a risk of inflation?

2026-08-16

Alsumaria News–
Economically, the issue of removing zeros from the Iraqi currency has resurfaced, following statements by the Minister of Communications. Mustafa Sand The issuance of a decision regarding changing the currency and removing zeros from it, in a development that has reopened one of the most controversial monetary issues in Iraq Amid economic and public questions about the truth of the decision, the entity that issued it, and the date it will come into effect.
The minister’s statement, which was circulated by local media on August 15, came without clear details regarding Read more…

Economic Observatory: Government silence regarding “currency change” is confusing the Iraqi dinar market

Economic Observatory: Government silence regarding “currency change” is confusing the Iraqi dinar market

2026-08-16

Shafaq News – Baghdad
On Sunday, the Economic Observatory of Iraq criticized the confusion in the government’s discourse, which is represented in announcing sensitive economic and monetary decisions, such as changing the currency, through unqualified entities, amid the silence of the Central Bank of Iraq and the Ministry of Finance.

The observatory stated in a statement received by Shafaq News Agency that “managing a file as large as the national currency through scattered statements, instead of clear official conferences and statements issued by the competent Read more…

Iraqi Dinar Guru opinions 8-15-2026

Iraqi Dinar Guru opinions 8-15-2026

8-15-2026 Exit Strategist Thom Article “2027 Budget Moves Early.. Parliamentary Finance Committee: Ministry of Finance Has Begun Preparing It and Agreement with Government to Pass It at Fastest Speed” This is probably the best news I have read all week! Read more…

Iraqi Dinar Guru opinions 8-14-2026

Iraqi Dinar Guru opinions 8-14-2026

8-14-2026 Newshound Guru Jeff Article: “Al-Zaidi confirms that a US official stated Iraq will enter a new phase starting next October” This could be perceived from some different angles. It’s almost suggesting Iraq is going to be a sovereign nation as of October. Here’s a bad way that could be perceived… that Iraq might not be revaluing till the end of September allowing them to be sovereign in October. [Another way to look at this] Change the rate most likely around the second half of August, giving them all of September to do the 150+ laws and other things like banking reforms. Get all that approved, finalized, implemented through parliament, all ready to go, have it all done by September 30th…makes them sovereign October 1st. Read more…

Iraqi Dinar Guru opinions 8-13-2026

Iraqi Dinar Guru opinions 8-13-2026

8-13-2026 Intel Guru Reset Intelligence On Wednesday, Iraq’s Prime Minister told the commander of US Central Command to his face that September 30 is “final and irreversible.” Hours later a US official confirmed the pullout is on track…The same week, a plane from Tehran landed in Baghdad carrying the [Iranian] Quds Force commander, unannounced, with one message for the armed factions: hand nothing over yet…Iraq’s armed groups call themselves the Islamic Resistance, and a resistance needs an occupier. On October 1 there is none. What stands in front of those weapons after that is Iraq itself… Read more…

The Iraqi central bank’s reserves have declined to 102 trillion dinars, and its liabilities to the government have doubled.

The Iraqi central bank’s reserves have declined to 102 trillion dinars, and its liabilities to the government have doubled.

2026-08-13

Shafaq News – Baghdad
The head of the “Iraq Future” Foundation for Economic Studies and Consultations, economic expert Manar Al-Obaidi, revealed today, Thursday, significant shifts and declines in the financial indicators of the Central Bank of Iraq, pointing to an increase in the bank’s net claim on the government compared to a decrease in the size of official reserves.

Al-Obaidi explained in an economic analysis based on the latest operational and banking data that the net claims of the Central Bank on the Iraqi government recorded a significant increase to reach 66.6 trillion Iraqi dinars, Read more…

Iraqi Dinar Guru opinions 8-12-2026

Iraqi Dinar Guru opinions 8-12-2026

8-12-2026 Newshound/Intel Guru Mnt Goat My CBI contact…said. They (CBI, IMF, World Bank, US Treasury) all know that once the currency is converted back to all lower denominations it must be followed by a revaluation. With the revaluation the currency must come back online (FOREX). The real nominal value must be recognized they call this the REER. She suspects that the powers controlling this are going to use the Iraqi dinar for other purposes too and so the REER rate must be very high. They are trying to secure this new rate with the economy. Read more…

Iraqi Dinar Guru opinions 8-11-2026

Iraqi Dinar Guru opinions 8-11-2026

8-11-2026 Newshound Guru Jeff There’s the money supply that remains physically in the country [of Iraq] and outside the country…100 trillion is the amount that remains around the world. But the bulk of that is what’s outside the country of Iraq. Remember the dinar is not tradable so when it’s outside of Iraq, the central bank doesn’t give two craps about it. They don’t care because it’s not tradable, can’t be used for anything…The money outside of Iraq is what Iraq used to pay other countries back for all the efforts they helped them with…The United States has about half of their money supply…All [Iraq] cares about is the amount of dinar remaining inside of Iraq. It’s roughly about 20 to 40 trillion dinar. When the rate changes, they trim three zeros off that. The money supply will go from 20 to 40 trillion down to 20 to 40 billion. Read more…

Iraqi Dinar Guru opinions 8-10-2026

Iraqi Dinar Guru opinions 8-10-2026

8-10-2026 Newshound Guru Ross Article quote: “Dr. Ali Karim Hussein, chaired a meeting of the Digital Transformation Team to follow up on the automation of public finance, and to discuss the priorities of (IFMIS) projects and the Unified Treasury Account (TSA), as well as the automation of taxes and customs to enhance transparency and efficiency.” Starlink didn’t just appear in Iraq overnight. The groundwork had been in motion for months. But the new government flipped the switch — license signed July 17, live service by July 29. Under two weeks. This meeting sits in a clear sequence of activity under the same leadership and converging quickly toward the September 30th deadline which I predict lines October up to be a big month for IQD… Pay attention to what happens between now and SEPTEMBER 30th…The sense of urgency to get the Iraqi population online is a clue to the work being done behind the scenes that will set IQD up for revaluation. Read more…