10-5-2026 IT Data Expert Guru Kenny When I started this process, I wanted to know who makes the exchange rate change. Is it a single person? Is it a group of people? Do they vote on it? How long does it take if they vote on it? What is the process to get to that exchange rate? That’s where I started my first rabbit hole I tried to go down. In 2004 there was a law created that allows the CBI to formulate exchange rate policy. So the exchange rate itself is created and discussed between the CBI board of directors. They are the one that implement the policy…Next comes Prime Minister Zaidi…and I think parliament…
10-5-2026 Newshound Guru Sandy Ingram This is the real problem. The official central bank rate has stayed at 1310 to 1 US dollar. Baghdad’s parallel market was 1573 dinars per dollar…That’s 20% more expensive than the official rate…The fact is Iran still have influence in Iraq. That is our problem today, people. That’s what we’re looking at. What they’re not talking about is this gap between the parallel market rate and the official rate…
10-5-2026 Intel Guru Reset Intelligence That budget is due in parliament by October 15, and it has to state the IQD rate it is built on…The CBI sets the rate by law…
10-5-2026 Newshound Guru Stephen Iraq must go through the US financial system to access its dollars. Iraq sells oil internationally in dollars. Those proceeds are deposited into its New York Fed account. When Iraq needs physical dollars that money moves through systems monitored by the Untied States. That gives Washington substantial influence over physical dollar shipments, international transfers, banking compliance and prevention of dollars from reaching sanctioned entities like Iran. Iraq earns the money but accessing it and moving it requires US cooperation.
10-5-2026 Newshound Guru Clare Article: “Iraq Proposes Major Dinar Devaluation in 2027 Budget” Quote: “Minister of Finance Faleh al-Sari stated the value of $100 has been set at 150,000 dinars in the draft 2027 budget. She noted that according to the decision, the gap between the official exchange rate and the parallel market rate will be eliminated…It does not mean this is a final decision.”
10-5-2026 Newshound Guru Samson Article: “AL-SHAMMARI : THERE IS A MOVE TO REDUCE THE DOLLAR EXCHANGE RATE IN IRAQ’S 2027 BUDGET … AND THE MATTER AWAITS OFFICIAL APPROVAL”
10-5-2026 Newshound Guru Thom IMO we are waiting on a couple of things in Iraq. Seating of certain cabinet posts. Passage of the 2027 budget that will include the new REER. Iraq has a history of revaluing their currency suddenly, especially when the street rate gets this far away from the official rate (it is near a 20% difference).
10-5-2026 Boot-On-The-Ground Guru Omar The CBI is pivoting towards releasing a new currency series first with the legal exchange rate expected to be written into the October 15, 2026 federal budget.
10-5-2026 Newshound Guru Jeff The draft [2027 budget law] is expected to reach the House of Representatives on the 15th of this month. The 15th of this month is exactly the anniversary date when Shabibi put the original currency denominations [the new currency that you and I hold for this investment] into circulation 10-15-2003. They could be repurposing that anniversary date in memory of Shabibi because he’s the founding father of this…Their actions suggest they’re doing something from a historical anniversary perspective…In order for them to do that they would have to change the rate…
10-5-2026 Intel/Newshound Guru MarkZ They’re waiting for…the finance minister and Zedi to sign off on Kurdistan’s region which should give us an HCL agreement probably very early [this] week.
10-5-2026 Newshound Guru Ariel Everything is Lining up for the Main Event. No More US Coalition Forces In Iraq; Complete The Cabinet; Make The Official Announcement; Sign Off On The Removal Of The Program Rate; Enter The Forex Market With New Purchasing Power. We Are Literally On The Mark.
10-5-2026 Newshound/Intel Guru Mnt Goat Article quote: “The phrase “removing zeros,” as simple as it sounds, represents one of the most ambitious and complex financial engineering projects in the country’s modern history. The central bank is not just changing numbers; It is redefining how Iraq interacts with the global economy. The world is watching closely. The potential shift in the dinar’s value, with projections ranging between 3.22 and 4.25 to the dollar, has captured the attention of investors, economists, and governments worldwide. This is not just an economic story; it is history in motion. As Iraq stands on the precipice of this financial transformation, the message is clear: the nation is ready to transcend its past and write a new chapter of prosperity and strength.”
