omar

We saw where the budget was sent back to the COM to be adjusted.  That’s when the rumor started… People were jumping the gun.  They’re thinking it went back because […]

Iraqi parliament is set to vote Thursday on the remaining cabinet posts.  There is a proposal along with this to appoint 4 deputy prime ministers…There must have been pressure from […]

The cabinet is totally independent from the CBI…The CBI is the one that controls everything… When the cabinet is seated there will be no instant rate change.  It’s just a […]

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. :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 […]

We’re celebrating our sovereignty.  This is going on and on all day for the next few days.  But we also have a bit of anxiety about our security too…It looks good…

There’s a lot of people getting confused…They are thinking this budget has to be with a new rate before the budget is released.  As of right now this budget is […]

The CBI has officially made the announcement that they have opened the exchange rate review.  This rate has been closed since the rate was changed back in 2023.  At least […]

The CBI hasn’t announced any new exchange rate or a timetable for lower denomination notes.  It is worth watching for official CBI statement and parliamentary actions.  Those are more reliable […]

They’re talking on the television right now about removing the zeros from the Iraqi dinar.  They say it is a long awaited economic reform or a risk of inflation…The television is […]

They’ve gone from denial constantly telling us we will never remove the three zeros from our currency now to telling us on the television from the finance committee that removing the […]

The decision has been made.  The currency will change and the zeros removed…The new currency began arriving in Baghdad 10 days ago after it had been contracted for printing long ago.  The […]

This is on television…Zaidi says to us “changing the value of the dollar and removing the zeros on the dinar“, there has been a renewed discussion in Iraq in 2026 on […]

On TV…they said it was a redenomination.  That word was used a lot…They said because it is a redenomination we citizens inside of our country, wouldn’t lose any money but […]

All of our CBI friends here want you to know they’re lifting the three zeros but it’s more of an accounting for us citizens.  When they lift the three zeros […]

The redenomiation is a framework event.  It is not a payoff event.  It cleans up the monetary system, improves credibility and it lays the runway for a sustained revaluation.

The CBI deputy governor said today…redenomination and revaluation…They gave us two big steps…Step #1: Redenomination…they gave us four categories for this.  1. The redenomination phase removes the three zeros from circulation […]

On television Prime Minister Z is going to leave Iraq on Monday the 13th.  He’s leaving with a whole bunch of businessmen out of Iraq that are going to Washington to […]

Zaidi comes out and he tells us Qaani gets permanent banned from Iraq.  Iraq declared Iran’s Quds Force Commander persona non grata.  That’s the same position Soleimani held…This is the first […]

Prime Minister’s legal advisor…said the looted funds have exceeded $2 trillion and public trials are anticipated for the corrupt defendants…They are telling us [$2 trillion] equals 3 quadrillion Iraqi dinars […]

When Kuwait revalued, right before they revalued they passed a law with the central bank that all of the stolen currency it would be non-validated.  It would be null and […]

When we used to get the HCL payments, it was a yearly check.    It wasn’t a monthly thing.  It was a yearly check and you usually got it in […]

When Iraqi leaders talk about “financial monetary reforms” they are referring to things like modernizing the banking system, reducing cash dependency, integration with international payment systems, tightening anti-corruption controls, increasing […]

On the television we have our prime minister Zaidi.  He said we’re going to start the next phase.  We will see the launch of a “comprehensive economic and financial reform program” that […]

The leader of the Iranian Revolutionary Guard has just shown up and surprised all of us here.  He shouldn’t be here.  He is in Iraq today.  He came to meet with the […]

We are seeing tons and tons and tons of what looks like drones flying all over Iraq.  They’re flying everywhere.  They’re all coming from the same direction – Iran.  There […]

The Gazette framework confirms Iraq is restructuring the FX system.  They do confirm the CBI is preparing for a policy shift.  It does confirm that the exchange rate discussions are […]

You need a fully seated government in order to even consider a new exchange rate.:Omar 

The United States has blocked $500 million in cash delivery to Iraq in order to pressure Baghdad in dismantling the Iranian-backed militia.  We found out today that a cargo plane carrying […]