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Dinarland Highlights – 10.12.26
Wolverine
Things are really starting. IMO I think that any time we could get Tier 4B notifications…In the overall aspect of things, I think we will have a beautiful October.
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Ariel
Chairman Awad let slip the operation: “Banking sector reform has become a necessity… private banks have presented a set of reforms.” What does this mean? The CBI is purging the system of dollar-dependent, politically-captured banks before the switch flips. Why? You cannot redenominate a currency when certain banks are still laundering dollars for Iranian militias and sanctioned entities. The new IQD, post-RV, will likely be digitally traceable and asset – backed… c********n must be bulldozed first. We are cutting the dollar fuel line to the Quds Force and their proxies before the new rate goes live, so they cannot convert their pre-RV hoards into the revalued currency. The Council of Ministers adjusts the budget before it reaches Parliament. Parliament only votes. The budget must be submitted by October 15th!!
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Jeff
What is their goal? To get [the difference between the market rate and official rate of the dinar] down around 2% to 5%… 2% would be around 1550. A 5% gap would be just shy of 1596. It’s currency at a gap of 7.5% to 8%. They’re moving very quickly towards hitting their target of being within 2% to 5% gap…They could easily hit that 2% to 5% gap sometime next week. They’re not far from it now… Closing the spread between the official exchange rate and the parallel market rate is fundamental prerequisite [for a rate change]…the IMF along with the central bank…
If they do approve the budget with the dinar at 1500, because the budget is pegged to the currency value, …the rate is not changing because a budget will lock the currency value in position for 1 year. That’s because it’s an annual budget. The next window of opportunity for a rate change would be mid-year semi-annual budget mid next year June/July. My gut is telling me that budget is not going to parliament… to be approved on 10/15.
They’re talking about dismissing PM Zaidi, removing him from his position. I don’t think it’s going to happen. Z is a banker businessman. They’re trying to give you 50 different directions this could go so you remain confused, misdirection…Not going to happen. He did exactly what needs to happen short-term right before the rate changes…
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Clare (KTFA)
Announcement:
“Important announcement: In compliance with the directives of the Central Bank of Iraq, we announce the suspension of publishing the dollar exchange rates in the parallel market, effective immediately, until new official directives are issued in this regard.“
Article:
“The government is moving towards adopting the dinar exclusively for domestic transactions and tightening control over markets”
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Reset Intelligence
Iraqi-press channels report that new banknotes come next in Iraq, with the zeros off, and that Baghdad is keeping the start date secret so that illicit cash cannot move first. That is step 2 of the sequence that began with the cut to 1,500 on October 7.
Iraq ordered 7.5 billion new banknotes in August. Nobody in Iraq has been told the day they will be released. What you are witnessing is deliberate. Old notes will have to be swapped at a bank, and a bank asks where the money came from. And Baghdad wants stolen cash to reach that counter before the news does. So, they are pulling money off the street and into the banks: Cutting the IQD to 1,500 to close the gap with the street. Moving trade inside Iraq onto the dinar. Sending small merchants to the banks to convert their IQD to dollars. The step after the banknotes is the value…
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Frank26 (KTFA)
The goal is to make the American dollar unusable inside of Iraq. They want to remove any foreign currency. They will de-peg from the American dollar to get rid of the parallel market. That’s what you’re witnessing…a reinstatement of their currency and of their rate. All of this is occurring inside of Iraq…For now, 1500 is stabilizing this process and the market place…After they do this internal de-pegging, then the next step is to re-peg into an international basket of currencies and throw themselves on Forex. Then you and I go to the bank…It’s a process in process…
Every body knows the words they are using are well calculated for a specific purpose to protect the monetary reform. One would have to be completely idiotic to say [Iraqis] are not going to get very soon this…monetary reform. If not, why in the world is it being repeated every day? It’s to educate…It must not fail with Iraqi citizens… They’re basically done.
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MilitiaMan
The official rate moved up [to 1510]. The street price jumped at first…The gap between the official rate and the street rate actually got smaller. It was more than twenty percent before. It is now closer to ten or twelve percent…The real test is the next few days and weeks…If real importers and traders can get dollars through the banks at the new official price without trouble, the street market loses its old edge…If too many stay outside the banks, the gap stays open…The change was deliberate. It squeezed the old street game and pushed more of the flow toward the formal side.
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Thom
Article:
“In compliance with the directives of the Central Bank of Iraq, we announce the suspension of the publication of US dollar exchange rates in the parallel market effective immediately, until the issuance of new official directives in this regard.”
A necessary step to ending the parallel market in my opinion.
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Stephen
It was never going to be possible for Iraq to move forward and add value to their currency if Iran was in control. For the last 23 years Iran has been using Iraq as a money smuggling country. Even if they were sanctioned by the US they would just go over to Iraq, use their proxy government officials and get billions if not trillions of dollars… The c********n has stopped…
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Sandy Ingram
Very good news. Here’s what the research is saying. You’ve got thousands Iraqi dinar banknotes tucked away. This has been going on for years…We’ve all be waiting for a currency adjustment…We know there will be an adjustment. What we don’t know is how much or when…The US troops have left and it’s time for us to turn the page. The new question becomes, what are the large individual international investors investing in? …The Securities Commission explicitly said its 2026 to 2028 strategy is intended to attract foreign brokers and their clients and increase investments in Iraq…On September 29, 2026 ADX announced the Iraqi Stock Exchange officially went live on the platform and began trading through the network…
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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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