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Dinarland Highlights – 10.5.26
Mountain Goat
Article quote:
“The phrase “removing zeros,” as simple as it sounds, represents one of the most ambitious and complex financial engineering projects in the country’s modern history. The central bank is not just changing numbers; It is redefining how Iraq interacts with the global economy. The world is watching closely. The potential shift in the dinar’s value, with projections ranging between 3.22 and 4.25 to the dollar, has captured the attention of investors, economists, and governments worldwide. This is not just an economic story; it is history in motion. As Iraq stands on the precipice of this financial transformation, the message is clear: the nation is ready to transcend its past and write a new chapter of prosperity and strength.”
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Ariel
Everything is Lining up for the Main Event. No More US Coalition Forces In Iraq; Complete The Cabinet; Make The Official Announcement; Sign Off On The Removal Of The Program Rate; Enter The Forex Market With New Purchasing Power. We Are Literally On The Mark.
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MarkZ
They’re waiting for…the finance minister and Zedi to sign off on Kurdistan’s region which should give us an HCL agreement probably very early [this] week.
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Jeff
The draft [2027 budget law] is expected to reach the House of Representatives on the 15th of this month. The 15th of this month is exactly the anniversary date when Shabibi put the original currency denominations [the new currency that you and I hold for this investment] into circulation 10-15-2003. They could be repurposing that anniversary date in memory of Shabibi because he’s the founding father of this…Their actions suggest they’re doing something from a historical anniversary perspective…In order for them to do that they would have to change the rate…
We could have two golden nuggets later this week. If they are going to come forward this week, the two golden nuggets will bring you 100% confirmation the rate is about to change… Later this week they could give us the date that they’re going to send the ’27 budget to parliament along with they could give us the parliamentary date that they’re going to vote on the cabinet.
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Omar
The CBI is pivoting towards releasing a new currency series first with the legal exchange rate expected to be written into the October 15, 2026 federal budget.
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Thom
IMO we are waiting on a couple of things in Iraq. Seating of certain cabinet posts. Passage of the 2027 budget that will include the new REER. Iraq has a history of revaluing their currency suddenly, especially when the street rate gets this far away from the official rate (it is near a 20% difference).
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Samson
Article:
“AL-SHAMMARI : THERE IS A MOVE TO REDUCE THE DOLLAR EXCHANGE RATE IN IRAQ’S 2027 BUDGET … AND THE MATTER AWAITS OFFICIAL APPROVAL”
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Clare (KTFA)
Article:
“Iraq Proposes Major Dinar Devaluation in 2027 Budget”
Quote:
“Minister of Finance Faleh al-Sari stated the value of $100 has been set at 150,000 dinars in the draft 2027 budget. She noted that according to the decision, the gap between the official exchange rate and the parallel market rate will be eliminated…It does not mean this is a final decision.”
Article Quote:
“…information circulated about the inclusion in the draft of the federal general budget law for 2027 of a new exchange rate of 1,500 dinars per dollar…Raising the price used in the budget would give the Iraqi treasury a larger amount of dinars compared to the oil revenues collected in dollars, which could help the government cover part of its obligations and public expenditures and reduce the account deficit gap. On the other hand, adopting a higher official dollar exchange rate has direct implications for the purchasing power of the dinar and the cost of imported goods, especially since the Iraqi economy relies heavily on imports to cover local demand for food, medicine, consumer goods and equipment…”
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Stephen
Iraq must go through the US financial system to access its dollars. Iraq sells oil internationally in dollars. Those proceeds are deposited into its New York Fed account. When Iraq needs physical dollars that money moves through systems monitored by the Untied States. That gives Washington substantial influence over physical dollar shipments, international transfers, banking compliance and prevention of dollars from reaching sanctioned entities like Iran. Iraq earns the money but accessing it and moving it requires US cooperation.
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Reset Intelligence
That budget is due in parliament by October 15, and it has to state the IQD rate it is built on…The CBI sets the rate by law…
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Sandy Ingram
This is the real problem. The official central bank rate has stayed at 1310 to 1 US dollar. Baghdad’s parallel market was 1573 dinars per dollar…That’s 20% more expensive than the official rate…The fact is Iran still have influence in Iraq. That is our problem today, people. That’s what we’re looking at. What they’re not talking about is this gap between the parallel market rate and the official rate…
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Kenny
When I started this process, I wanted to know who makes the exchange rate change. Is it a single person? Is it a group of people? Do they vote on it? How long does it take if they vote on it? What is the process to get to that exchange rate? That’s where I started my first rabbit hole I tried to go down. In 2004 there was a law created that allows the CBI to formulate exchange rate policy. So the exchange rate itself is created and discussed between the CBI board of directors. They are the one that implement the policy…Next comes Prime Minister Zaidi…and I think parliament…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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