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Dinarland Highlights – 10.8.26
Mountain Goat
…what if Iraq could sell its oil for dinars? Would this not force the international market to demand dinars? Would the US ever allow this or do they maintain the dollar dependency as leverage with Iraq? When can they finally end this necessity to have this leverage over Iraq? Is Al-Zaidi going to be their savior? These are all questions closely related to see our RV. I am not saying that all these events must occur because remember Dr Shabibi was going to reinstate the dinar way back in 2013 and none of these banking reforms were in place nor any of these other measures done. So, anything can happen for these issues as long as SECRITY and STABILITY are achieved. We have been told over and over again these are the two main ingredients necessary for the reinstatement.
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Ariel
Why You Should Be Excited About This: Eighty-five billion in foreign currency reserves is the war chest that makes a revaluation defensible instead of speculative when the CBI moves the rate, those reserves are the guarantee that the new value holds against any market pressure or speculative attack. Based on the full stack the $85B reserves (28th globally, 3rd in the Arab world per IMF data through mid-2025/Q2 2026), forward oil contracts, gold positioning, non-oil revenue projections, and the measured appreciation posture Washington expects the defensible rate Iraq can post on the Forex this year is 3.85 dinars per dollar.
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Stephen
There has been an official change in the Iraqi dinar exchange rate. This change is counter to what you would expect Iraq to do. Iraq has been talking about strengthening…the Iraqi dinar…This policy decision hurts the citizens…Their purchasing power is even less…How is this positive economic change for them? It’s not right now. I do believe this is a somewhat brilliant move by the CBI to help pull in even more notes because if you are an Iraqi citizen..you don’t know if the central bank is now going to lower the exchange rate even more. So you want to ditch your notes and get the US dollar, which is counter to what you think you know the central bank and the Ministry of Finance would want. They want the citizens to start using dinars. They’re not going to use dinars if there’s no confidence in it.
I think not only does this sow a lot of confusion and anger from the Iraqi citizens but…this is going to shake out a lot of people…Iraqi citizens are going to want to exchange their dinars and get back into dollars…Now it’s 1510…one of the weakest currencies in the world…The potential they have is off the charts…I think it’s…a misinformation, disinformation campaign. It makes zero logical sense to why they would want to weaken the dinar even further…I do think a much larger rate change is on the horizon…The fact that they’re taking about this is a huge deal…I think something like this would definitely proceed a major rate change…
I got a notification in the middle of the night that the CBI changed the exchange rate. As you can imagine I was excited and couldn’t wait to check my phone and see what it was. It wasn’t the change we all wanted. However I do think this is a critical piece of the puzzle and plays a large role in the sequence of events that we are all waiting and hoping for…I believe a revaluation of the currency is imminent and it will happen in the very near future.
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Walkingstick (KTFA)
This [1510 devaluation] is very calculated…They’re drawing in USDs off the streets…The biggest factor is those USDs are not flowing over the borders. That’s a huge deal… The problem is they put this out there without explaining it to the citizens of Iraq. That’s why there’s a lot of confusion. This is not a bad thing by any means…
...They’re trying to draw in dollars right now just like they are IQD...Trump wants them to be de-dollarized. Stand on your own two feet. Use the IQD…They’re trying to collect both [IQD and USD] now [by devaluating to 1500].
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Reset Intelligence
The first trading day of Iraq’s new dinar rate ended with two of Baghdad’s main wholesale markets locked. Shops and warehouses…closed…and exchange houses closed with them, because traders could not put a price on their goods. The dollar on the street went up, not down. Baghdad closed Wednesday at 167,000 IQD for $100…The gap is not about the bank’s price. It is a queue of Iraqis who cannot get dollars at a bank…Baghdad answered by promising to meet every dollar request for trade, bank cards and travelers without restrictions…Parliament has called the Central Bank governor and the finance minister in to explain.
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Kaperoni
Article:
“Iraq ranks third in the Arab world and 28th globally with cash reserves amounting to $85 billion.”
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Frank26 (KTFA)
Community Comment:
“This [devaluation] is not being done to bring in ‘dinar mattresses’.”
Frank26: Yes it is. That’s just one of the many things that this strategic step is doing right now…of the monetary reform and it is extremely good…
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Sandy Ingram
Don’t let the currency set back destroy your long-term outlook. Iraq is a nation with tremendous natural resources, economic potential and opportunities for growth. A currency’s weakness today does not determine its value tomorrow…A major revolution was never guaranteed…Investing is not just about hoping for a better tomorrow. It’s about understanding what must happen to make that tomorrow possible. The IQD story is not over.
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Jeff
There’s not going to be two different rates. There’s only one rate…For the citizens that live in the country…prior to the rate changing, they could buy a bag of groceries or a 25k note. After the rate change, they’ll be able to buy the same bag of groceries with a 25 note…The notes are going to have the same purchasing power before the rate changes to after the rate changes…Out of country it’s different because now you have the value of the dinar against foreign currencies.
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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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