Dinarland Highlights for October 7, 2026

Dinarland Highlights – 10.7.26

Mountain Goat

Article:
“THE IRAQI GOVERNMENT REASSURES MARKETS: THERE IS NO DECISION TO CHANGE THE CURRENCY OR REMOVE ZEROS.”

Quote:
“…the Iraqi government is working on approving a package of measures to stimulate the economy and protect the purchasing power of citizens.”

…this all important article is…chock-full of information for us investors…the liquidity issue has come to a new heightened urgency pitch…In the past we learned that there is a needed law to conduct the removing of the zeros…This law is going to be part of a package of measures and will be presented to parliament soon…

We know that the only solution is to remove the zeros and they know it…They hesitate because they know it has to be followed very closely with the reinstatement to FOREX... they must already know what they are going to do and how they are going to do it.  I firmly believe we may see the beginning of the project to remove the zeros begin in early January 2027, the beginning of a new fiscal year…BE CALM. It is coming but there is still some work to be done prior…

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Ariel

You Are Hearing It From Official Iraqi Sources…The Cabinet Will Be Completed Next Week…Do you know what Iraq is doing for the 1st time for the 2027 budget? They are completely removing the need to borrow. If Iraq is drowning in a deficit so deep it previously required borrowing laws, how does it suddenly “not need to borrow” unless the value of its existing reserves and projected revenues has been re-calibrated to a new, higher baseline? …The 2027 budget is being  calculated using a new exchange rate.  Not 1,310. Not 1,200. A rate where IQD purchasing power compresses that deficit into insignificance. This is why the budget can “include the necessary treatments” without a borrowing law because the currency baseline has shifted.

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Clare (KTFA)

Article:
“A strategic step to enhance financial stability”

Quote:
“In line with the Central Bank of Iraq and the Federal Government’s commitment to achieving sustainable economic stability and ensuring comprehensive development, and based on joint coordination with the Council of Ministers and in accordance with the provisions of the Central Bank Law No. (56) of 2004, as amended, the Central Bank informs the public of the adjustment to the exchange rate of the Iraqi dinar against the US dollar, effective Wednesday, October 7, 2026, as follows: Selling price of the dollar to banks: 1510 dinars per dollar. Cash selling price of the dollar to the public: 1520 dinars per dollar.“

Article:
“The citizen’s pocket is not the solution”: Parliamentary anger over the decision to raise the dollar exchange rate”

Quote:
“…head of the National Approach bloc, called on the government on Wednesday to reverse its decision to raise the dollar exchange rate and cancel it quickly, warning of its repercussions on various segments of society.”

Article:
“The Central Bank reassures Iraqis: The new exchange rate is a strategic step to enhance financial stability” 

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Reset Intelligence

Iraq lowered the dinar’s official rate this morning. The Council of Ministers approved it in Tuesday’s session and the Central Bank adopted it: 1,500 IQD to the dollar buying from the Finance Ministry, 1,510 selling to the banks and 1,520 selling to the public.

Say the cut to 1500 is the first move….A step down that is followed by a step up does something an ordinary devaluation never does.  It makes leaving the currency expensive.  An Iraq that wants its people to save in dinars instead of dollars has to teach that lesson at some point and this is how it is taught…Is this the plan?  It is our  theory.  Nobody at the Central Bank of Iraq has said it…If the dollar…falls back toward the bank’s price the theory is working and everyone who fled [the dinar] on Tuesday, sold the currency this plan was built to lift.

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Jeff

Iraq can change the rate as frequently as they want until they have an approved budget…Once the budget is approved the budget is calculate against that currency value that it was approved against. …Their budget is not approved. They have devalued their currency… Saturday, they could approve the Council of Ministers, the last 9 cabinet ministers and they can change the rate and throw out a new international rate over the weekend.  They can do that because the budget is not approved.  Right now this is a test of everyone’s faith and patience.  How much do you have?  Everything is optics until the budget is approved…Nothing is locked in until the budget is approved.

Devaluing the currency to 1500 doesn’t raise the value of their currency to pay the US back for 23 years of services rendered… These are just games being played and optics to mislead and confuse.  This is a massive game of Kuwait Syndrome…Stay relaxed.  Stay grounded…

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Frank26 (KTFA)

1500 is going in the wrong direction.  That number, 1310, should not increase, it should decrease…That number has to get smaller and smaller and smaller to become 1. If it becomes one, then  becomes 1 to 1 with the American dollar…The fact that these conversations are occurring concerning [Iraq’s] monetary reform is extremely exciting to me because this conversation is exactly the process of what’s going on…1500 has nothing to do with the plans of the CBI…

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MilitiaMan

Budget lines are not proof the rate moved.  It does not change the rate by itself…

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Stephen

You have Iraq openly discussing its exchange rate as part of the 2027 budget process…Why are they addressing the exchange rate right now?  I don’t remember them ever doing this in previous budgets…It’s obviously very critical to their economy but Iraq has a major gap between the official rate and the street rate…You have to read between the lines and look at what Iraq is doing versus what they are saying.  

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Terrance

For a country to have to import everything…they need dollars…The more the dollar strengthens and with all this foreign investment coming in, that’s going to create a level of inflation for Iraq…They need the currency to revalue [upward] in order for Iraqis not to become poor.  This is some of the economics people have to understand.  It’s not all about us the speculators…It’s in Iraq’s best interest for Iraq to revalue their currency ahead of all the reforms they want to do.  Otherwise it just makes them poor.

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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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