Ariel
@Prolotario1
🇮🇶 Iraqi Dinar Update: We Are On The Edge Of Life Changing Events
I Love Where We Are Right Now
The statement from the Director of the Iraqi Observatory for Rights and Freedoms Adil Alkuzay urging rapid conversion of dinar savings to dollars or gold ahead of a potential “float” or sanctions, projecting devaluation to 170,000 IQD per $100 and then 200,000 carries the weight of a calculated warning, rooted in fears of uncontrolled devaluation rather than the planned redenomination, but it underscores the urgency swirling around Iraq’s monetary pivot.
This isn’t the official CBI line; it’s a rights group’s alarm bell, reflecting grassroots anxiety over parallel market pressures and Iranian proxy influences that could exploit any delay pierced economic forums show similar whispers in Baghdad cafes since late December 2025, with black-market rates already edging toward 1,450 IQD/USD amid speculation.
Historical precedents abound where similar “dump the currency” warnings surfaced right before major upward shifts or stabilizations, often misinterpreted as collapse signals but actually preceding government interventions that rewarded holders.
In Kuwait’s 1990-1991 post-invasion period, black-market rumors of total dinar worthlessness (with calls to swap for dollars at pennies) peaked in early 1991, just months before the March 1991 revaluation and new note issuance that restored parity and punished panic sellers parallel to Iraq’s setup, where warnings flush hoarded dinars into banks for traceability.
Turkey’s 2005 six-zero lop saw 2004 warnings from economists urging dollar conversions amid inflation fears, yet the redenomination stabilized the lira and boosted confidence, with late exiters losing on exchange fees while holders benefited from simplified transactions.
Zimbabwe’s multiple redenominations (2006-2009) featured pre-event panics urging gold/dollar swaps, but each lop aimed to curb hyperinflation without full collapse holders who stayed positioned for post-reform growth, a nuance lost on panic narratives.
Venezuela’s own 2018 and 2021 zero-lops had similar pre-warnings of “float to zero,” driving dollar flights that governments used to recapture liquidity before stabilizations Maduro’s fall now reverses this for Iraq’s allies, compressing timelines.
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These patterns repeat in emerging markets: alarmism peaks to create behavioral compliance, rewarding patient holders with the “new” rate’s advantages while punishing speculators Alkuzay’s post fits this mold, adding fuel to acceleration as public conversions bolster CBI reserves for an earlier launch.
Source(s):
https://www.patreon.com/posts/iraqi-dinar-we-147510155
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