10-4-2026 Newshound Guru Stephen Financially Iraq is still closely connected to Washington. Oil revenue continues to flow through an account controlled by the Central Bank of Iraq at the Federal Bank of New York…America is still going to control a lot of what Iraq can or can’t do…‘He who has the gold makes the rules.’ We hold their money. If we hold their money they have to comply with us and what we say…
10-4-2026 Boot-On-The-Ground Guru Omar On TV today, the 25, 50 and 100 dinar notes – reintroducing…could help facilitate everyday transactions…However their issuance alone would not confirm that the CBI is about to delete the zeros. Deleting the zeros – This would be a redenomination, changing the face value of the currency…It would not by itself increase the dinar’s purchasing power. They say the coexisting period will allow the old notes and the new notes to circulate together for several years…it would give the banks time to exchange and adjust their currency. The CBI governor also stated issuing or redesigning denominations falls within the bank’s authority while deleting zeros requires legislation. As for the exchange rate there’s an important mathematical distinction. If Iraq removed three zeros while maintaining the existing rate of 1310 old dinars per US dollar, the resulting would be 1.31 new dinars per dollar. That is not the same as setting the new dinar’s value at a dollar.
10-4-2026 Central Banks Guru Terrance Every dinar that is circulating, even in our hands of speculators, is redeemable by the Central Bank of Iraq. The Central Bank of Iraq has to honor it. If that amount of money can be deleted because they close the window sooner than you think then that’s money they never have to redeem and that shrinks the supply of currency down. This is a very real risk that you should be mindful of. Do I know whether it’s going to be a 90-day window or it’s going to reduce to 30 days? I can’t tell you that. I don’t know…Do you want to take that risk of thinking you have 90 day…? The rug-pull is there. [Post 2 of 2]
10-4-2026 Central Banks Guru Terrance A lot of people will probably disagree with me in terms of the window, I truly believe…they’ll initially announce a 90-day rate. But it is in Iraq Central Bank’s best interest to close that window a lot sooner. I’m not an insider. I don’t know any information, but when I look at the trillions of Iraq dinar that are out there and I look at the great lengths of what the government has done to get that illicit money out of the system by arresting all these members of parliament…This money is not released back into the system as cash. This money is burnt because the idea is to bring the amount of currency in circulation down to be able to match the foreign reserves and the gold. [Post 1 of 2….stay tuned]
10-4-2026 Newshound Guru Clare Marco Rubio, Secretary of State Press Statement “On behalf of the United States of America, I congratulate the people of Iraq on their National Day on October 3. Prime Minister Ali al-Zaidi’s July visit to Washington and his meeting with President Trump at the White House reaffirmed the close friendship between our two nations…We also welcome Iraq’s efforts to strengthen its sovereignty…We extend our warmest wishes to the people of Iraq as they commemorate this important occasion.”
10-4-2026 Newshound Guru Jeff Community Comment: “We’re so close, yet still feels so hard to believe.” Completing the government cabinet is the lynch pin to the rate change...The majority of the articles are saying within the next week. We have two articles talking about within the next two weeks completing the cabinet…Right now we’re so close to the finish line the safest way to play it is one week at a time…Everything is going to be very short notice so they can wrap it up very quickly.
10-4-2026 Intel Guru Bruce [via WiserNow] I’m going…make sure everybody’s really grounded because this…baby’s about to come out…Iraq is in its sovereign days. Iraq is set. Everything is set.
10-4-2026 Newshound/Intel Guru Mnt Goat …getting the dinar back to FOREX is key to our investment and is when we can exchange, if the rate is what we want to exchange from dinars to dollars or the currency of our own country. There is no guarantee what the rate will be.
10-4-2026 Newshound Guru Ariel Iraq cannot submit a 2027 budget without a functioning international exchange rate for the dinar. A budget is denominated in dinar revenue projections, oil proceeds, Kurdistan transfers, reconstruction contracts. Without a reinstated rate on the Forex, every figure in that budget is denominated in a currency that cannot clear internationally. It is arithmetic, not speculation: budget submission requires a tradable rate, and the IMF’s sign-off means the institutional obstacle is removed.
