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Dinarland Highlights – 11.4.26
Mountain Goat
“THE CENTRAL BANK CLARIFIES THE TRUTH ABOUT PRINTING THE NEW CURRENCY… AND THE DIFFERENCE BETWEEN THE TWO PRICES DECREASES TO 9%”
Quote:
“The Governor of the Central Bank of Iraq, Nizar Nasser Hussein, confirmed on Thursday that reports circulating about the printing of new currency were inaccurate. He also revealed that the gap between the official exchange rate and the parallel market rate had decreased from 24% to 9%.”
Governor Hussein is talking about inaccurate information on the CBI about the printing a new set of 3 zeros notes, it is not a CBI plan, never was. Instead, it plans to still remove the zeros (remove the three zero notes altogether) and issue newer lower denominations to replace them but needs first to control the parallel market…Hussein told us today it was never the CBI option. This is wonderful news for us!
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Bruce (The Big Call)
[via WiserNow]
Having been in this for 22 years, I can tell you I’m ready, and I think many of you are ready.
We had two Different sources, unrelated, that came with very similar information. …I think Thursday… into Friday…could be in play, not only for notifications, but possibly also exchanges…I know that we’re all excited and ready to get started, and hopefully this intel proves to be true, and we get something that manifests for us Thursday or Friday. That that’s what I’m getting. So we’ll see how that comes together for us.
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MarkZ
Kurdistan Parliament is calling for an emergency session. There’s a lot of emergency sessions going on right now all over Iraq & I think they are pointing to something important…
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Ariel
The timeline is the most critical piece, and it compresses based on what we just learned. The budget returned to the Ministry of Finance this week that recalibration takes 7 to 12 days under normal conditions, but this is being fast-tracked. My estimate is the recalculated draft returns to the Council of Ministers between November 7 and November 10. The Council of Ministers approval is the keystone step once that happens, the rate framework is locked into the budget bill and becomes politically irreversible without a public crisis. From Council approval to parliamentary submission takes 3 to 5 days under the current political alignment, putting the budget in parliament’s hands between November 12 and November 14 just inside the November 15 window.
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Reset Intelligence
Iraq’s cabinet is reported to be meeting in an extraordinary session on Saturday with one item on the table: the 2027 budget. A government source gave the date. A source inside the governing alliance says it could slip to early next week. Either way, it is the…first full budget Iraq has put to a vote since 2023. Of the steps we have tracked all year before the rate, it is the one still waiting on a vote.
On Sunday Iraq’s deputy prime minister, Mohammed Ali Tamim, said on state media that the dinar’s street price will come very close to the official rate, and added: “I take responsibility for these words.” His reason is cash. Washington, he said, has decided to send $3 billion over 2 months, in 6 loads. Baghdad’s main exchanges closed Sunday at 168,300 IQD for $100, against the bank’s 152,000.
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Jeff
[Response to Guru Clare’s 11-3-2026 White Paper post]
Remember they couldn’t do the white paper reforms back in October of 2020. Why? Because they hadn’t revalue the currency. They have to revalue the currency. Iraq’s got to be international to implement the white paper reforms…They’re revisiting it…Why? …Because they’re about to go international and revalue the currency…More confirmation the rate change is very close.
They don’t want you to know this is going to happen. That’s why they provide misleading information...Dinar investors don’t have a dinar-for-dummies step-by-step book in this…It’s a best guess when it’s going to happen. We try to break out the facts, study, help each other out. Best thing you can do is stay grounded and patient…If you let your emotions guide you in this, that’s where you ruin it and punish yourself. Don’t do that.
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Stephen
The biggest thing we’re looking for is the budget. What’s going to happen with the budget? …This is the largest budget Iraq has ever put forth and put together. It’s a big deal…The HCL (Hydrocarbon Law) is in the budget. If the budget gets passed then it is safe to say the HCL has been approved…If this law gets passed it’s a very very big deal.
A lot of large things happened in the month of October. We had the devaluation of the Iraqi dinar…If you’re looking at the bigger picture and what the CBI is doing and the tools and mechanisms they are using to shrink the money supply I personally think it was a smart move. How long can they keep the dinar at 1510? Probably not very long. They’re going to start running into inflammatory issues…The CBI governor came out…saying they are not printing any more currency… I think that news is one of the biggest things to hit the news cycle. And also in October we have a fully seated government…We have a lot of things happening.
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Walkingstick (KTFA)
[Conversation with former business partner and friend with Iraqi GOI contracts]
CONTRACTOR: 1500 is good because we demanded it. There is rumors they’re going to keep it at 1500 and when this budget comes out (it may come out before the 15th) it’ll be presented at 1500…our contracts too. But what we’re hearing is very quickly it’ll change over to a 150.
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MilitiaMan
The central bank said the move to electronic payments is not mandatory. That is that practical signal. The notes already in circulation stay valid. The printed stock that has not been released just yet, (I believe printed back in 2018), can enter [the market]. They can enter the smaller denominations when the bank decides the time is right. Both series can move side-by-side…No forced exchange in my view. The non-mandatory language shows the bank is keeping the option open…The 2018 new notes are ready. The electronic side is being widened…Now we can really truly see the color of what they’re doing.
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Frank26 (KTFA)
[The Iraqi citizens] know the budget has 1500. You know it has 1500. I don’t give a rat’s behind what they tell out there. They’re excited that on the 15th they’re going to see a budget and they’re going to see 1500 in it. But more importantly they’re excited about what’s in the budget that the Kurds have agreed with…The 1500 has to stick around for another 40 more days…That’s good. That’s what’s maintaining the stability as long as we keep sending [the Iraq] dollars.
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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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