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Dinarland Highlights – 8.10.26
Ariel
The September 30 Deadline…If Iraq executes the three-zero deletion and digital wallet rollout before Sept 30, the new exchange rate hits the global system before the U.S. has to reconcile its own FY2026 books. The U.S. Treasury’s foreign currency valuations, the Fed’s swap lines, and the IMF’s SDR baskets all have to adjust to the new Iraqi rate in the next fiscal cycle…All timelines converge on Sept 30.
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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.
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Bruce (The Big Call)
[via WiserNow]
Redemption centers are the only ones handling the Zimbabwe currency or bonds, as we call them, and we know that President Trump has already set up a contract rate on dinar at the redemption centers, and that’s what you’ll be offered…at the Redemption Center, and the rate…is extremely extremely high, and way higher than we ever thought it was going to be ever.
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Jeff
The two currencies will coexist together, large notes and small notes for a period of time…Deleting three zeros is the phasing out of larger notes. You got to phase out the larger 3-zero notes because Iraq has perfect inflation right now, 3%. That allows them to phase out and remove the large 3-zero notes and bring smaller notes in to simplify everything.
Banks will have machines that will count how much total currency you have. They have different ways they can authenticate it. Some of their machines that do the counting and sorting will also authenticate it to make sure it has the correct security features and it’s not counterfeit currency. Machines at the banks count, sort and authenticate. Receipts are for your tax preparation, not for banks.
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Pimpy
Article quote:
“Drop the zeros…currency denominations will be adjusted accordingly. Instead of expressing figures in billions they would be expressed in million. The objective of this move is to preserve the value of the Iraqi dinar…It also intends to revalue the exchange rate.”
Do you hear that? Revalue the exchange rate…They go hand in hand. The first thing they’re going to do is drop the zeros. We don’t want them to. Cross your fingers that they don’t. So your [25,000] Iraqi dinars, once they drop the zeros, is going to look like this [25]…They’re going to change the exchange rate. We have no idea what the exchange rate is going to be. Let’s say it’s $1.50 [and you have 5 million dinar]…that means you’re going to get a little over $5,000 worth of value. Not exactly what we’re hoping for…You’ll at least make some money back. Of course this doesn’t make me very popular amongst the dinar community…
There’s no bank screens. There’s no redemption centers. There’s no 800 numbers. Get past that. Once they tell you to bring in your dinars for exchange you go straight to your bank. And you better hope by then all the restrictions on the currencies are off. Most likely then it is free floating and on the Swift system. You take your currency in. You say, ‘I want to change this.’ They say, ‘okay.’ …they run it through the DeLaRue machine to make sure that it’s not counterfeited…
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Reset Intelligence
On Sunday, Iraq’s Finance Minister sat down with the Central Bank Governor…The same day…state television kept repeating that the government is weighing removing the three zeros from the currency…The signals are converging. Apple, Google and Meta are being licensed into Iraq’s payment system…A note swap changes the paper. A revaluation changes what the paper is worth. Baghdad has activated neither, but a government does not repeat the quiet option on television day after day by accident. This is conditioning, a population being prepared for money that moves differently and carries a different number, while Washington builds the rails that money would travel. The signals are louder than ever.
In the US a currency windfall can be taxed at up to 40.8% as ordinary income…Foreign currency gains fall under section 988 of the Internal Revenue Code. They are taxed as ordinary income not capital gains. That means your marginal rate is up to 37% federal plus state, plus the 3.8% net investment income tax above $200,000. The combined effective rate reaches up to 40.8%.
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MilitiaMan
[The CBI and GOI] are prepping people, putting a seed in their head that change is coming. They’re opening up the conversation about the digital dinar. They’re opening up the conversation about delete the zeros. They’ve been doing this for this past week. When we put all this together without exaggeration the picture to me is clear. There is a real cash pressure inside the government enough for the finance minister to take the lead…Talk of removing of the zeros and issuing new notes is happening in official newspapers after years of waiting. Careful explanations are helping manage what people expect…
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Samson
Article:
“FORBES : WASHINGTON CONSIDERS ITS INVESTMENTS IN IRAQ PART OF ITS NATIONAL SECURITY”
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Stephen
You’ve heard the project to delete the three zeros. It’s a campaign run by the Central Bank of Iraq debating the topic of doing a redenomination, meaning they would chop the three zeros off the notes that we hold. It would essentially be a neutral event. We wouldn’t be getting the gain that we all are expecting with a revaluation or a reinstatement… The biggest argument against an Iraqi dinar revaluation has always been Iraq is just going to delete the three zeros. All these articles coming out of Iraq clearly states that. I want to make one thing very very clear…Iraq, especially the Central Bank of Iraq, all they do is lie and put out disinformation and misinformation. They are never going to come out and say we are going to revaluate our currency on this date. It would be economic s*****e…They will allude to things like…deleting the three zeros and increasing purchasing. All these articles they are putting out are for the citizens in Iraq…not for international investors to give us a heads up on when we could run to the bank…
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Frank26 (KTFA)
Lifting of the three zeros, that’s what they’re talking about everywhere…
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Kaperoni
A gradual appreciation based on Iraq’s own economic success is probably the best outcome. This also would allow the currency to gradually be drawn in as it appreciates. But it could take years to reach any significant value.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
https://www.dinarguru.com
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