10-10-2026 Newshound Guru Clare Article: “Iranian Rial Hits New Low Despite $2 Billion Central Bank Intervention” Quote “Iran’s central bank said state banks would sell up to $2 billion in foreign currency to support the rial. The rial has lost more than half its value against the dollar over the past year, according to Reuters.”
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10-10-2026 Newshound Guru Guy The citizens are waiting for movement from their government. They’ve been promised this-and-that-and-the other for the last 25 years. They want to see movement. A lot of them have their physical currency stuffed in their mattresses. The average Iraqi adult has multiple millions of dinars. They don’t trust the banking system to bring them in right now. But when Al-Zaidi rolls out all his new reforms and…the governor of the central bank announces the new exchange rate, it’s pretty clear you’re going to see a flood of currency notes coming into Iraq banks…
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10-10-2026 Intel Guru Frank26 They had to devalue in order to revalue. What if they had not devalued? Then they wouldn’t be revaluing…
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10-10-2026 Newshound Guru Stephen Iraq just proved it can change the dinar rate without parliament approval…We’ve always known the CBI can pull the trigger at any moment they want. This further solidifies that argument…The news is coming fast and furious.
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10-10-2026 Newshound Guru Jeff Iraq devalued their currency…Does the fact that the rate has already changed matter? IMO no…Iraq can adjust its exchange rate while the budget is still being…drafted but not approved… What we care about is Tuesday 15th, that’s when they stated multiple times the budget would go to parliament for approval…We’re looking for parliament to boycott the budget and not approve it. That’s exactly what you want. As long as the budget remains unapproved that leaves the door open…Iraq is still eligible to change the rate again and go international.
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10-10-2026 Intel Guru Reset Intelligence A bank preparing to cut its currency does not train exchange houses, buy gold and auction bills at the same the same steady rate week after week. Our position has not moved. Iraq is not rebuilding the currency to send it backwards.
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10-10-2026 Newshound Guru Ariel Redenomination Is For In-Country Accounting…Revaluation is for Out-Country Trading…Leave The 1st Phase Alone…Revaluation is what you should be studying. Do not concern yourself for something that is for the In-country bookkeeping.
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10-10-2026 Intel Guru Wolverine Community Comment : “We are noticing that the IQD has a exchange rate of 0 to the USD in the last few days, which means the exchange rate is deliberately being set to 0, so they may be preparing for a major exchange. We are hearing next week for things to get exciting, and we hope it does.” Wolverine: Lots of people are saying next week, received a call stating this from Europe.
