Stephen
Stephen – Dinar Guru I have a hard time believing we are going to make it into 2027 without seeing this finally happen…Everything is converging on a very very accelerated timeline. We are seeing things happen very very quickly…I truly believe we are in the very very final stages of seeing this finally come to fruition.
Jeff
Jeff – Dinar Guru They’re not showing you the cabinet until they’re absolutely ready…They make is so difficult to know when they’re going to do it. They don’t want you to know when it’s going to get done because the cabinet is the last final step that ushers in the rate change…The cabinet is being saved for the last and final step.
Reset Intelligence
Reset Intelligence – Dinar Guru There is a precedent for how this ends and it is right next door. When Iraqi forces invaded Kuwait in 1990 they looted the currency and the world wrote the Kuwaiti dinar off as a casualty of war. On the black market it fell to a nickel. Then came liberation and the central bank of Kuwait pulled every old note, rolled out a brand new series and the only money that turned worthless was the paper the invaders had stolen. Everyone holding the genuine notes walked into a bank, swapped old for new 1 for 1 and walked back out holding the most valuable currency on Earth. The reset did not punish the people who held the Kuwaiti dinar through the worst of it. It paid them.
Militia Man
Militia Man – Dinar Guru A redenomination, deleting the zeros, is a unit change. It simplifies the currency, forces a note exchange and can help pull cash into formal channels…It does not by itself change the real purchasing power…If they were going to redenominate, they could have done this years and years ago… A REER, real effective exchange rate, style adjustment is different. It is a coordinated managed realignment of the exchange rate by the CBI...It is a monetary policy decision…A coordinated rate adjustment is a deliberate structural move…Public discussion is correctly starting to separate them…the clarity is progress..
Clare
Clare – Dinar Guru Article: “Sources told Al-Mustaqilla that the plan to remove zeros from the Iraqi currency is entering advanced stages, with a plan to replace the currency in early 2027“ Quote: “The discussions are currently focused on developing a clear implementation plan for the replacement process, the transitional period during which the two currencies will be traded…as well as the procedures related to bringing the largest possible amount of cash …into the formal financial system…If it is decided…then renaming…could make every thousand dinars of the old currency equivalent to one dinar of the new currency…The Iraqi public is waiting for any official announcement in the coming days that could move one of the most sensitive financial issues in the country from the stage of studies and discussions to the stage of decision and implementation.“
Sandy Ingram
Sandy Ingram – Dinar Guru The Central Bank of Iraq cannot control the economy of Iraq unless they have control over the bank notes…The Iraqi people have thus far refused to put their money into the bank…The Central Bank of Iraq cannot control currency that it doesn’t have control over…The Iraqis do not trust the banks because their money disappeared and they have not gotten over that. I’m not sure you would either if that happened to you. So they hoard and hid their money outside of the banking system.
Stephen
Stephen – Dinar Guru Question: “My bank i have 2 accts I had an appt with the wealth manager and he showed me on his computer that they don’t exchange Foreign currency… so your saying to wait and check when it values?” Stephen: Some branches might not verify currency on site, so you need to find out which branches do on site verification..
Jeff
Jeff – Dinar Guru Question: “Before the troops leave Iraq will we see a completed government and new rate or will we see it in October?” Jeff: I think there’s a very good chance everything is going to transpire before the troops leave by September 30th – rate, cabinet, all of that…Whether the troops are out by the 15th or the 30th doesn’t matter, the rate change date is already scheduled.
Mountain Goat
Mountain Goat – Dinar Guru I have to tell everyone that there are new events that lead us to strongly believe that there is once again a target of January 2027 for a reinstatement. This means they will have to remove the zeros in the later part of 2026 (the fall season) in preparation for this later event early next year to occur. If you recall the significance of removing the zeros will set the stage for the reinstatement at much higher rate over the dollar. By removing the zeros in-country in itself will need a new rate of some sort (a revaluation) or these newer lower denominations will be almost worthless at 1/6 of a penny 1320 rate…
Clare
Clare – Dinar Guru Article: “The American newspaper The Media Line reports that Iraq is considering removing three zeros from the dinar, and the project’s procedures could begin in 2027.” Quote: “In contrast, the Central Bank of Iraq confirmed that no decision has yet been made regarding printing a new Iraqi currency, explaining that any future move to restructure currency denominations or remove zeros requires going through several legal and regulatory stages before moving to implementation.”
Reset Intelligence
Reset Intelligence – Dinar Guru Iraq’s currency in circulation runs to roughly 113 trillion dinar, most of it outside the banks. People…look at the size of the imagined payout, and conclude the math cannot work. That objection assumes one treasury funds both lines. It does not. At home [in Iraq], the swap is housekeeping, funded locally, at equivalence, no premium involved…Abroad, the redemption settles off Iraqi soil…against collateral positioned for exactly that purpose…Baghdad’s oil account, its gold, and its reserves stay where they are…Iraq’s balance sheet is not the ceiling on your redemption, because the redemption never comes off Iraq’s balance sheet.
Jeff
Jeff – Dinar Guru They’re not going to just offer the brand new small notes and delete the zeros instantly. They need to get educational information out to the citizens…To get that type of information out…they might need a period of time to do that. For example, if they were to change the rate middle to early second half of September that could give them 10 to 15 days to publicly get all this information out, ‘Hey, you’re going to have 90 days to turn your old notes and get new small notes…‘ That way if they were to start deleting the zeros October 1st…the 90-day period would span from October 1st through the very end of December. By the very end of this year, the old large 3-zero notes would be fully withdrawn and as of January 1st, when the new rate-change based budget goes into effect…the new notes would be completely in place.
Stephen
Stephen – Dinar Guru My timeline has always been between now and Christmas. I will be surprised if we get out of 2026 and we do not have a rate change. I will be quite shocked…I want Iraq to do this the right way. I don’t want them to rush it and the rate lowers or they mess anything up...When you’ve been in this for so long, what’s another few months? We’ve made it this far.
Samson
Samson – Dinar Guru Article: “IN NUMBERS … IRAQI OIL EXPORTS HAVE BEGUN TO RETURN TO THEIR NORMAL LEVELS“
Militia Man
Militia Man – Dinar Guru The two pocket picture. Think of Iraq’s money as two pockets. Pocket one is dollars from oil. Pocket two is dinar used to pay salaries. The exchange rate is the door between those two pockets. The CBI sets what $1.00 is worth in dinar. If they print more dinars, [dinar] pocket two get bigger on paper [but each dinar is worth less dollars]. The door does not change…A rate adjustment changes the door. If the dinar is reset stronger, each oil dollar that comes in and creates more dinars [maintaining the value]…A new rate only works if both pockets are being fixed at the same time…
Clare
Clare – Dinar Guru Article: “Iraq Considers Currency Overhaul To Expose Looted Funds” Quote: “The Iraqi government is considering introducing a new currency that would remove three zeros from the dinar to simplify transactions and bring funds looted through corruption under government control…A source in the Iraqi Prime Minister’s office…told The Media Line, ‘The decision will be made in the coming period, and it is hoped that the procedures will begin during 2027.‘ ”
Reset Intelligence
Reset Intelligence – Dinar Guru The biggest mistake is comparing banks on the headline rate alone. The rate is one number. The package is the rate plus fees, on-boarding, plus what the institution does for you in the months after. A higher headline rate with a punitive fee schedule routinely nets out worse than a lower rate with waived fees and clean on-boarding. A private banking introduction can be worth more in the first 18 months than a marginal improvement on the rate. Decide on the package.
Jeff
Jeff – Dinar Guru They can’t work on any of the old long-awaited stuff because they’re done. They’ve gone as far as they can go right now…HCL, Article 140, pseudo ’26 budget, the ’27 budget, everything in Iraq is clearly waiting for the rate to change before they can move forward.
Stephen
Stephen – Dinar Guru This last week was one of the most revealing weeks that came out of Iraq as long as I could remember…This past Monday alone we had 15 articles specifically referring to deletion of the three zeros, redenomination. We had multiple political forces talking about it. Then on Wednesday the CBI comes out and denies it…no, we’re not moving forward yet, we’re going to wait, but the night before the CBI made that [announcement], parliamentary finance member came out and said the denominations are already printed and ready to go. They’re not even talking about designing them anymore, they’re printed and ready. So, it’s a lot of conflicting information which is what you expect just before this being does take place…This thing we’ve been waiting for, for a long time is upon us…
Mountain Goat
Mountain Goat – Dinar Guru Article quote: “… removing zeros could be part of a “broader monetary and banking reform package that enhances confidence in the dinar and supports economic stability. It is not a single, formal procedure.” Here we see in this article…yet another confirmation that removing the zeros is just one step in the overall process, the overall plan is to get back to FOREX…the article tell us that removing the zeros is part of a broader plan “It is not a single, formal procedure”. What is this broader plan? ...the next step in the plan after removing the zeros, is reinstating back to FOREX. Their words today…Dr Shabibi’s words from 2011…
Reset Intelligence
Reset Intelligence – Dinar Guru Forget the naysayers. Here’s one line to hold whenever the fear comes back. Iraq is not rebuilding its books, its banks, its borders and its budget to make the dinar worth LESS. Every piece of this process exists to raise purchasing power. The design points one way. And that is UP.
Jeff
Jeff – Dinar Guru Inflation [in Iraq] has gone clear down to averaging almost 3%. That’s the reason why they’re now able to bring forward the rate change and the step of removing the 3-zeros.
Stephen
Stephen – Dinar Guru The Iraqi dinar I believe is going to be one of the first dominoes to fall. It’s going to give us the liquidity and resources to invest and 1000X, 5,000X, 10,000X our initial investment from the Iraq dinar. That’s why I don’t care if it revalues at 10 cents or 25 cents. I know I’m going to be able to reinvest those proceeds into other assets that’s going to explode from there.
Kaperoni
Kaperoni – Dinar Guru There are many keys…going on in Iraq. #1 they are constantly talking about diversifying their economy away from oil…#2 they are constantly talking about upgrading their banking system to digital. Removing the physical currency. #3 they want to integrate their banking system within the global financial system. #4 they want to encourage significant investment in Iraq. These are all things that countries do when they’re Emerging Market trying to develop and establish themselves. An RV is not part of that, stability, sustained economic growth and diversification is. What Iraq will do is allow the currency to rise gradually once they convert to full digital, allowing them to reduce the money supply…There is no shortcuts.
Pimpy
Pimpy – Dinar Guru There are people who stole from the Iraqi government, millions and millions of dollars [worth of dinar]. So what happens when they redenominate? You have to bring in your currency and exchange it for the new ones. And what happens to the criminals who have all that money? How are you going to explain how you got so many Iraqi dinar? How are you going to make the exchange from the old Iraqi dinars to the new Iraqi dinars? That’s one way to catch these criminals…That’s a way for them to gain a lot of strength in the Iraqi dinar…For those criminals that have the old dinars you need to find a way to exchange them because if you don’t…after a while those bills become obsolete…That’s what going to happen to the old dinar.
Reset Intelligence
Reset Intelligence – Dinar Guru A country [Iraq] that just ordered 7.5 billion new notes has stopped dispensing the old ones…Here’s how an exchange actually works… An exchange works by making the old paper unusable and the new paper worth walking in for. The state controls the first half with deadlines and rationing. You’re watching that half run now – [atm] machines capped, [payment] trucks stopped, salaries rerouted [to electronic rails]. The second half arrives as a single announcement. Between the two halves sits nothing but silence from the [central] bank. That silence is what this week sounds like.
Jeff
Jeff – Dinar Guru Once they become sovereign it’s go time…But to become sovereign they have to pay the US back through the means and aspects of revaluing or increasing the value of their currency. What has to happen is the reinstatement.
Stephen
Stephen – Dinar Guru The cash crisis in Iraq is a very real thing…and it’s a very big deal...It has always been debated, what events are we going to see just before the revaluation takes place. Are all the dealers going to stop selling dinar? Is there going to be a struggle to purchase dinar anymore? Are we going to see a cash crunch in the country of Iraq? We are seeing a lot of things play out…I have two people in Iraq I stay in touch with…One of those connections did confirm…that getting dinar is very very hard from ATMs, from banks, as if everything is drying up. I’m still waiting on one confirmation back…The central bank is confirming there is a cash and liquidity crisis happening in real time…
Mountain Goat
Mountain Goat – Dinar Guru Article: “A CRISIS OF CONFIDENCE AND A CASH ECONOMY: AROUND 97 TRILLION IRAQI DINARS ARE OUTSIDE THE BANKING SYSTEM” …another article…reinforcing the problem once again and thus why they need to remove the zeros in the first place and most importantly do it sooner than later…this is pure pressure, pressure and more pressure on the government to do something and do it much sooner than later.