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Dinarland Highlights – 8.12.26
Mountain 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.
But here is the dilemma, Dr Shabibi told us way back in 2012 the dinar could withstand up to a market $16 rate on FOREX. If this was true back in 2012 then why is it still at 1/6 of a penny in 2026? She said simply that the CBI needs to convert/swap these large 3 zero notes to the newer lower denominations and issue coins and get on with it. These 3 zeros notes were meant to be a temporary solution to prevent hyperinflation that began in 1990 and then got much worst during the sanctions and then from the 2003 post war… Hyperinflation is now knocking at their door as a result of not swapping out these notes back earlier…The issue now is time…she said…Time is no longer on our side…
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Ross
Quote:
“WE NEED A MODERN OIL & GAS LAW”: Prime Minister Masrour Barzani Highlights outdated 1975 Legislation In an exclusive interview with Al Jazeera, Kurdistan Region Prime Minister Masrour Barzani emphasized the urgent need for Iraq to enact a comprehensive federal Hydrocarbon Law, revealing that current energy sector regulations in Iraq still rely on legislation dating back to 1975. Iraq’s Oil is the Dinar’s Revaluation.”
Iraq running on a 51 year old oil & gas law is actually crazy and so is IQD being worth $.00076. It is a no-brainer for Iraq to finally pass the HCL and increase the purchasing power of the dinar. Inevitable if Iraq is to ever prosper.
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Omar
This is on television…Zaidi says to us “changing the value of the dollar and removing the zeros on the dinar“, there has been a renewed discussion in Iraq in 2026 on the subject of removal of the three zeros from the Iraqi dinar…financial reform. But removing the zeros is not automatic revaluation. For example 1000 old dinars becomes 1 dinar note… everything will be adjusted proportionally…They have just introduced a law to delete the three zeros from the Iraqi currency…It is not passed yet…
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Reset Intelligence
Before you tell me $83 billion [in Iraq’s Reserves] is not enough to back a reval, you need to understand the structure. Foreign IQD holders are not part of Iraq’s in-country process. The international side settles off-soil, through the Tier 1 banking layer…Not out of Baghdad’s vault. Iraq’s reserve backs Iraq’s dinar at home. The foreign redemption draws on a different pool…We cannot confirm it until it happens. But that is the structure contacts close to this describe.
In late March 2026 Iraq’s central bank governor went on television and said he was not studying any change to the exchange rate…The phrasing nearly matched the script the bank ran weeks before the 2023 adjustment. The last time the bank denied studying a change, the change followed within weeks.
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Pimpy
Every two years a BTI report comes out. It’s like an overall grade for your country. Investors can look at these reports and decide if they want to invest in the country…Let’s hear what they have to say about the Iraqi dinar and Iraq itself….It really does say some good stuff…They’re stable politically, they’re stable economically and it says their currency is now stable. These are all good signs…Since late 2022 Iraq has experienced unprecedented level of security stability…Iraq is doing much much better than the report that came out two years ago or even two years before that…
Removing, lopping, deleting, whatever you want to call it, the three zeros are all the same. A monetary economic redenomination is a process of changing the face value of the bank note and coins in circulation. Redenomination itself is considered symbolic as it does not have any impact on country’s exchange rate in relations to other countries…When you drop the zeros you’re not going to be multiplying [25,000] times $0.00076. It now becomes 25 times $0.76. The deletion of the zeros is simply symbolic. That’s all it is.
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Jeff
You don’t need to worry about the money supply total like the M0 figure. What you need to worry about is how much dinar physically remains in the country because that’s the only part that can be used for anything because the dinar is not physically tradable.
Only in the country of Iraq a 25k becomes a 25. Outside the country when the rate goes to change, the two currencies will coexist together for a period of 25 days, giving everybody in the country and around the world 25 days to turn in their large 3-zero notes. Get smaller notes…if they’re in country. Outside the country we’re not getting smaller notes. We’re doing a currency trade from large notes to US dollars.
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Stephen
I’ve been getting a lot of messages this past weekend from people that are very concerned saying, ‘Oh my gosh, if the dinar goes digital, does that means that our paper currency is worthless?” Having the dinar go digital is going to help a lot when it comes to the tracking and making sure every single dollar is tracked…While we are waiting for the Iraqi dinar revaluation…going digital is a critical piece of that happening.
Imagine you have a million Iraqi dinar [And the exchange rate is 1 to 1] and Chase bank is charging a 7% fee to exchange that currency, what if you can negotiate that down to 5%? Instead of paying $70,000…now it’s $20,000…I believe you’re going to be able to negotiate those rates down to zero depending on how much Iraqi dinar you have. The more dinar you have, the more leverage you have, the more negotiating power…to get those fees reduced from 5% to 3% or 7% to 4%…
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
OMAR: The televisions says the United States of American, Mr. Donald Trump is very furious at the new Prime Minister because he promised the reforms and the cabinet to be completed by the 1st of July.
FRANK: Trump is not pulling any punches. Didn’t I tell you Trump wants the same thing that you want?
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Thom
Late yesterday afternoon, I got a call from a friend of mine who is a banker in Texas. And he is high up at his bank. He shared with me that he got a call telling him to expect the new REER tomorrow, Thursday or Friday. That call was from a retired banker and not from an official source. Now I trust him. And I am hearing this same thing from other people. But… I am reading September for a lot of things. I hope I am wrong and it is this week. The CBI has a history of changing the rate when the gap between the street rate and the official rate are far apart and that is how it looks to me.
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Samson
Article:
“CHANGING THE VALUE OF THE DOLLAR AND REMOVING THE ZEROS ON THE DINAR” : THE CONTENT OF TODAY’S MEETING OF THE PRIME MINISTER AND THE FINANCE COMMITTEE”
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Sandy Ingram
Is the IQD undervalued today? Yes…sure it is. But is it worth $3 or $4 per IQD? Under today’s standards Iraq has a major problem. They are wealthy only because of oil revenue. To be consistently wealthy, the World Bank and the IMF say Iraq MUST develop additional income streams. Why? Because today’s standards require that of currencies that are traded on the global forex market. It’s just a given. Who enforces this so-called rule? Absolutely no one. But if a country takes actions without a recommendation from the IMF or the World Bank investors usually will not trade the currency. So…What monetary mechanism would allow today’s outstanding dinars to suddenly become worth $3 or $4 each?
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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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