Dinarland Highlights – 10.28.25
Mountain Goat
Article quote:
“Central Bank Governor Ali Al-Alaq confirmed that the three-year budget “included very large expenditures and a high deficit,” noting that the issue of removing zeros from the dinar may witness developments in the coming period.”
… He is then saying by removing the zeros (thus revaluing the dinar) will resolve this issue in the coming period…they only have a few more months until January 2026 and need to conduct the removing the zeros prior to any reinstatement… We know the Project to Delete the Zeros MUST be done prior to the reinstatement …Remember Iraq is hardly ever on time and so we may go inpart into January. Don’t expect the reinstatement right on January 1st.
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MarkZ
[via PDK]
Why would they need a $50 dinar note worth about 3.8 cents US? But suddenly over the weekend we had something change. We started seeing stacks of these at larger stores and money exchange locations. So they are putting these out to be widely circulated. Maybe they are getting people used to seeing them in circulation before the revaluation? Now they are again talking about 1’s, 5’s, 10’s and 20’s. The $50 dinar note would be a great bridge while they roll out the other lower denominations and the coins. Coins make no sense at all unless there is a value change unbound.
There is a massive push to get the HCL done right now. And we are hearing they could actually vote on the HCL this week.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: There are plans for a broad re-denomination by removing zeros from the currency later in 2025 to further ease transactions. But the smaller notes like the 50s have begun circulating ahead of this reform.
FRANK: It’s interesting they allowed you to see the 50 note. I believe that is to give you hope that the rest is coming along with the HCL and the complete change of all the denominations.
We know very well the budget has been opened with 12-2c. We know very well they told the citizens of Iraq, ‘We’re going to lift the zeros from our exchange rate to add purchasing power that we promised you’. We know very well they just finished showing them all the lower notes and fils.
The fils should end up being a quarter fil, a 50 fil, a 3/4 fil and a 1 dinar note coin. By bringing the fils in Iraqi citizens will not lose money. They [currently] have to round up and leave money on the table. Of course the black market always rounded off in their favor. But all that doesn’t exist anymore. This monetary education is for the Iraqi citizens… They’re showing them…The monetary Asraflak is coming to an end ‘very very very’ soon.
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Samson (KTFA)
Article:
“Central Bank: Iraq’s public debt-to-GDP ratio is lower than that of the United States, Japan, and Egypt”
Article:
“AL-KARAWI : WTO MEMBERSHIP WILL GRANT IRAQ BROAD ECONOMIC AND TRADE PRIVILEGES”
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MilitiaMan
Removing three zeros from the currency doesn’t make any sense to me…They’re not going to take off three zeros off the currency. But what they’ll do is they’ll take three zeros from the exchange rate.
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Fnu Lnu
There is still confusion on how the RV will work. Some say with 100 Trillion Dinar in print, the RV will be very small. Some say the “Delete the Zeros” means a redenomination which equals a LOP…I will explain it again. I hope this helps. It is quite logical. They WILL redenominate / LOP the currency. A 25,000 note will become a 25 Dinar note. This will then become the “In-Country” currency / folding money used for domestic commerce. The CBI will allow a very short window for “In Country” residents to take the Dinar out of their mattresses and bring them to the bank lest they be cancelled after the grace period…Either you bring them in and swap them out now, or they will be worthless tomorrow. Now for rates…
The rate, for the sake of explanation, will be $3 per dinar. That makes the 25,000 note which is now a 25 note, worth $75 USD instead of $25 USD. There is the “Purchasing Power“…The Iraqi’s will be elated. This leaves the issue of “Out of Country” Dinar. All Dinar out of country will have the exact same value of $3 USD per Dinar. Remember the “Law of One Price”? This obeys that law so no laws are broken. Our 25,000 IQD will now be worth $75,000.00 USD. Everyone gets the same rate so this dispels the mythology of “A Contract Rate”. There is a minuscule amount of Dinar held out of country so this dispels the myth of “Bankrupting the Bank” due to a high revaluation amount.
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Nader From The Mid East
I was worried about the exchange rate but I talked to a friend yesterday and he assured me…in United States or any other country outside Iraq the banks and the exchange and all that they don’t care about what Iraq is doing inside Iraq...Nothing will change before the e******n…
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Maxis
I had a chance to visit the new CBI building today and the construction is not complete, still has cranes building it…
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Jeff
Iraq has very little/low inflation. It’s extremely low…If they have little to no inflation, they’re going to strengthen the currency and phase out the zeros…
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Clare (KTFA)
Article:
“Trade: Iraq seeks to open up to the global economy by joining the WTO”
Quote:
“The Ministry of Trade, under the direct guidance of the Prime Minister, is proceeding to complete all technical and legal requirements in cooperation with relevant ministries and agencies, with the goal of achieving Iraq’s full membership in the World Trade Organization in the coming period, which will contribute to enhancing the competitiveness of the national economy and attracting foreign investment.”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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