10-22-2026 Guest IRS Guru K-Dog Yes!! there will be taxes owed and there is a specific statute that covers this type of investment. IRS title 26 Section 988, gains/losses from currency exchanges. This will be handled as ordinary income but make no mistake, we will be required to pay taxes, not when we exchange but either by paying estimated taxes when we generate the gain, or at the end of the year when we file our tax returns. Having worked in a federal task force I can tell you that the IRS will certainly be aware of our windfall and documents will be generated from the bank where we exchange our dinar to notify the IRS. Consult your tax professional for advice.Could not load reactions: NetworkError when attempting to fetch resource.
10-22-2026 Newshound Guru Clare Article: “We await the implementation of all of al-Zaidi’s pledges to Trump, the US State Department said, urging the Iraqi Prime Minister to fulfill his commitments regarding combating terrorism and preventing attacks inside Iraq and across its borders“Could not load reactions: NetworkError when attempting to fetch resource.
10-22-2026 Newshound Guru Militia Man The CBI media director restated that the deleting the zeros is not within the bank’s authority and requires a legal legislative path. Understand that deleting the zeros is different than a Real Effective Exchange Rate. But it is tied to debts, legal obligations, and fines existing in laws. A REER adjustment is a change in external value. The 2023 [rate] move showed the CBI can adjust the official window without legislation. The two files stay separate. The zeros file needs parliament. The rate file does not.Could not load reactions: NetworkError when attempting to fetch resource.
10-22-2026 Newshound Guru Samson Article: “IRAQ CLOSES MOST IRAN BORDER CROSSINGS UNDER US PRESSURE“Could not load reactions: NetworkError when attempting to fetch resource.
10-22-2026 Newshound Guru Stephen You have the US Treasury Department telling Iraq to close its borders with Iran. I think that is significant. Does this mean revaluation tomorrow, this weekend or this month? Nobody knows.Could not load reactions: NetworkError when attempting to fetch resource.
10-22-2026 Intel Guru Reset Intelligence Iraq has put its banks on overtime. Four of them now open on Fridays, normally a day off in Iraq, starting tomorrow, and every bank is working holiday hours to push through payments abroad. The Central Bank’s adviser says about $3 billion in payments importers booked before the October 7 rate change was paid at the old rate. The banks are working their days off to clear the rest. We could be watching Iraq clear its old ledger before it opens a new one, at a new rate.Could not load reactions: NetworkError when attempting to fetch resource.
10-22-2026 Newshound Guru Jeff The US Treasury asked Iraq to secure their Iranian borders, not because of military tensions, strongly suggesting they’re about to change the rate very soon…The only reason you’d close the borders…is to prevent Iraq’s new valuable dinar from getting stolen from banks and ATMs and taken back across the border.Could not load reactions: NetworkError when attempting to fetch resource.
10-22-2026 Intel Guru Judy Byington There have been various dates and times published for Tier4b to be notified and exchange/redeem currency and bonds. All we really know for sure is that the World Court has ruled that Tier4b has to be finished exchanging/redeeming currency and bonds at the special rates by Sat. 31 Oct. 2026. Then on Sun. 1 Nov. The general public will be notified to exchange their foreign currencies at the new international rates.Could not load reactions: NetworkError when attempting to fetch resource.
10-22-2026 Intel Guru Bruce [via WiserNow] Bondholders are something that is supposed to go right barely ahead of us getting our numbers… I think everybody’s going to have access to funds at approximately the same time.Could not load reactions: NetworkError when attempting to fetch resource.
10-22-2026 Newshound/Intel Guru Mnt Goat Article: “THE DOLLAR RISES FIRST… BAGHDAD IS KEEPING THE DATE FOR CURRENCY REPLACEMENT SECRET FOR FEAR OF A MOVE BY “BIG PLAYERS”. Quote: “Raising the price of the dollar to more than 1500 dinars may not
be the last surprise that Baghdad has in store…the government is preparing for a more sensitive step, which is replacing the currency and removing zeros from it. The process may begin within a few months…“
