8-9-2026 Newshound Guru Militia Man A short hard deadline, something like one month, for citizens to turn in the large notes is not just administrative convenience. It’s a deliberate pressure mechanism. Legitimate money has every reason to come in during that window. It’s brilliant. Holders of undeclared or illicit stocks [of dinar] face a binary choice. Bring it in and answer questions or miss the cut off and be left holding notes that are no longer usable or redeemable…Those who stay outside effectively hold a bag of paper that has lost its function as money. We’re talking about inside Iraq…
8-9-2026 Newshound Guru Pimpy Removing three zeros from the Iraqi dinar…they’re taking it off the nominal value. 25,000 dinar becomes 25 dinar…then the exchange rate changes but the value remains the same. They remove the three zeros off the bank note and the exchange rate so the value stays the same…Obviously for a lot us that’s not good. Let’s say you got 5 million Iraqi dinar and you thought it was going to jump to $3.00+ and you were going to get $15 million. You already spent the money in your head. That’s why you have a hard time accepting this…They haven’t said they’re going to do this. You want to cross your fingers and hope they leave the zeros on there. If they decide to remove your zeros, your 5 million Iraqi dinar becomes 5,000 Iraqi dinars…It’s not like Kuwait at all. [Stay tuned to dinar guru as the other gurus chime in with their perspective on what Drop the Zeros mean for your dinar.]
8-9-2026 Newshound Guru Clare Article: “Apple Pay Coming Soon to Iraq as Digital Payments Expand” Quote “For Iraqi consumers, the planned introduction would bring an internationally established digital-payment platform into the country’s increasingly evolving electronic payments environment. The development also places Credit Bank of Iraq, which is majority-owned by NBK, at the center of a shift toward payment services that rely less on physical cash and more on digital transactions.”
8-9-2026 Newshound Guru Sandy Ingram The new Prime minister of Iraq is moving fast. Therefore, so is the news coming out of Iraq…The Iraqi prime minister has asked for exact laws on if he can [delete the zeros from dinar] without parliament…If they’re going to remove the zeros, does this mean they’re going to reprint the currency? What would happen in a typical delete the zeros plan? …The value of the currency will not change. A 25,000 IQD will become 25 IQD. 10,000 IQD will become 10 IQD…Most countries that redenominate their currency go through a transition period. Old and new notes circulate together at the same time for a period of time. Banks exchange the old notes for the new ones. Business display prices in both currencies. Eventually old notes are withdrawn and destroyed. This is how…Turkey, Romania and others handled similar reforms. I’m going to keep you updated on this. [Stay tuned to Dinar Guru as the other gurus chime in with their perspective on what Drop the Zeros mean for your dinar.]
8-9-2026 Newshound Guru Stephen Sometimes people look at everything happening inside of Iraq through the lens of a revaluation tomorrow. That’s not the case. However, we’re seeing economic reform, monetary reform, banking restructuring, financial restructuring. We are seeing so many exciting things that are all culminating and coming together, fingers crossed, for that glorious day where we can all exchange our Iraqi dinar into US dollars…In my last 15 years since I have been invested in the Iraqi dinar I have not seen this much movement happening. If you have been in this investment a long time you will agree with me. We have never seen Iraq move this quickly. A huge piece of this is the amount of corruption being cleaned up.
8-9-2026 Newshound Guru Jeff The money sent from the United States to Iraq this week was dollars. We don’t pay Iraq’s salaries. They don’t pay their own salaries in dollars. The $500 million is their oil money from the United States to Iraq. It’s to purchase imports and travelers leaving the country can turn in dinar and get dollars to exit the country. The $500 million was not for salaries. Salaries are not paid in dollars.
8-9-2026 Intel Guru Bruce [via WiserNow] …redemption centers might be connected right to a bank, or it could be a completely separate building or location that’s not connected to a bank, but everyone in the United States is overseen by Wells Fargo, and they will have a representative there. You’ll have a Treasury representative there, and you’ll have people that will be there to count and verify your currencies with a De La Rue machine, and then banks have sometimes another brand of machine that they’ll be using… and they’re getting new machines and training bank personnel on how to do these exchanges.
8-9-2026 Newshound Guru Ariel From Majeed: – Yesterday, Iraq news channels saying the central Bank of Iraq opened a file they didn’t wanna open for a long time which is changing your exchange rate to solve the financial crisis. And now the CBI is discussing implementing it…The salary crisis need the rate to be changed…Iraq’s liquidity crisis has forced the CBI to open the exchange rate file…
