Tuesday, October 6, 2026

🇮🇶💱 IRAQ DINAR EXCHANGE RATE UPDATE — RUMOR, PROPOSAL OR OFFICIAL DECISION? 🚨

 CHANNEL8

"In my personal opinion, this decision will not be implemented,” the Slemani Currency Exchange Market spokesperson told reporters, adding that a policy of this scale is “never made haphazardly” and requires deep studies by CBI experts because it would create a severe negative impact on the market and drastically lower the citizens' standard of living.

Read more: https://channel8.com/english/news/67202

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🇮🇶💱 IRAQ DINAR EXCHANGE RATE UPDATE — RUMOR, PROPOSAL OR OFFICIAL DECISION? 🚨

Market panic erupted after reports circulated that Iraq could change the exchange rate to 150,000 IQD per $100.

⚠️ BUT IS IT OFFICIAL?

Jabar Goran, spokesperson for the Slemani Currency Exchange Market, says the reported devaluation is NOT an official decision.

🏦 According to Goran, the authority to change Iraq’s exchange rate belongs to the Central Bank of Iraq (CBI). He also said sources within the Parliamentary Finance Committee and CBI indicated that the proposal has not been drafted into a formal bill.

📊 BUT THERE IS AN IMPORTANT DEVELOPMENT…

Parliamentary Finance Committee member Dilan Ghafoor said the initial 2027 budget draft includes a proposed exchange rate of:

💵 150,000 IQD = $100

The stated objective would be to narrow or eliminate the gap between the official and parallel-market rates.

❗ However, this is NOT FINAL.

The 2027 budget still requires approval from the Council of Ministers and Parliament, and the CBI has not officially announced a change to the exchange rate.

📉 Meanwhile, the parallel market experienced significant volatility, with the dollar reportedly exceeding 160,000 IQD per $100 before falling back toward 159,000.

🔎 WHAT WE KNOW RIGHT NOW:

🔹 150,000 IQD/$100 → Mentioned in the initial 2027 budget draft
🔹 Official devaluation → ❌ Not announced
🔹 Formal bill → ❌ Not drafted
🔹 CBI approval → ❌ Not announced
🔹 2027 budget → ⏳ Still requires approval
🔹 Parallel market → ⚠️ Experiencing volatility

🇮🇶 BOTTOM LINE: A proposed rate appearing in a preliminary budget draft is NOT the same as an officially approved exchange-rate change.

👀 The key development to watch is whether the CBI officially confirms or rejects any change to Iraq’s exchange rate.

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OMAR: 🇮🇶 IRAQ CURRENCY UPDATE — WHAT DOES “DELETE THE ZEROS” REALLY MEAN?

 🇮🇶 IRAQ CURRENCY UPDATE — WHAT DOES “DELETE THE ZEROS” REALLY MEAN?

Omar reports that the CBI is discussing the possible reintroduction of the 25, 50 and 100 dinar notes, which could make everyday transactions easier. 💵

⚠️ But issuing these denominations would NOT automatically confirm that Iraq is about to implement “Delete the Zeros.”

🔢 DELETE THE ZEROS = REDENOMINATION

A redenomination would change the face value of the currency by removing zeros. By itself, this would not increase the dinar’s purchasing power.

🏦 COEXISTENCE PERIOD

Under the concept discussed, old and new notes could circulate together for several years, giving banks time to exchange currency and adjust their systems.

🏛️ WHO DECIDES?

The CBI Governor stated that issuing or redesigning denominations falls within the CBI’s authority, while removing zeros would require legislation.

💱 THE RATE MATTERS

If Iraq removed three zeros while keeping the current rate of 1,310 old dinars = $1, mathematically:

➡️ 1.31 new dinars = $1

That is NOT the same as establishing a new rate of 1 new dinar = $1.


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📌 Bottom line: New lower denominations could support everyday transactions, but their issuance alone does not prove that “Delete the Zeros” is imminent. 🇮🇶

🇮🇶 IRAQ MNT GOAT: CBI, SECURITY & REFORMS — IS IRAQ GETTING CLOSER TO REVALUATE THE IQD? 🔥

 


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CBI: ANY DINAR RATE CHANGE REQUIRES EXTENSIVE EVALUATION

 CHANNEL8

Spokesperson for the Slemani currency market, Jabar Goran, said the Central Bank of Iraq will not easily change the official exchange rate of the Iraqi dinar, emphasizing that any currency adjustment requires extensive policy evaluation.

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🇮🇶 IRAQI DINAR EXCHANGE RATE UPDATE

🏦 CBI: ANY DINAR RATE CHANGE REQUIRES EXTENSIVE EVALUATION

Jabar Goran, spokesperson for the Slemani currency market, said the Central Bank of Iraq (CBI) is unlikely to change the Iraqi dinar’s official exchange rate easily.

📊 According to Goran, any adjustment to the exchange rate would require extensive evaluation of economic and monetary policies before a decision could be made.

💵 This comes at an interesting time because in recent days, there has been increased discussion surrounding Iraq’s exchange rate, including reports and analysis about the possibility of adjusting the official rate to reduce the significant gap between the CBI rate and the parallel-market rate.

🔎 WHY IS THIS INTERESTING?

This is now the second recent development involving the dinar exchange rate that has caught attention.

First, there has been discussion about whether Iraq could adjust the rate in an effort to dramatically narrow the gap between the official and parallel-market rates.

Now, we have a statement emphasizing that changing the official rate would not be easy and would require extensive policy evaluation.

🤔 MY TAKE:

The timing certainly makes me wonder if something is being discussed behind the scenes regarding Iraq’s exchange-rate policy.

Why are we hearing more public comments about the dinar rate at this particular time?

Why is the gap between the official and parallel-market rates receiving so much attention?

And why is there now an emphasis on how difficult and carefully evaluated any rate change would have to be?

⚠️ TO BE CLEAR: This does NOT mean a rate change or revaluation has been confirmed. There is no official announcement from the CBI stating that a new rate is coming.

But the increased attention surrounding the exchange rate is certainly something worth watching closely.

🇮🇶🏦 The CBI remains the key source to watch.

👀 Could these recent comments simply be routine economic discussion—or are we seeing the early signs of something being worked on behind the scenes?

⏳ Time will tell.


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Monday, October 5, 2026

IRAQ’S 1,500 RATE: WHAT’S REALLY INTERESTING?

 CHANNEL8

Proposed Budget Revision Points to Planned Currency Devaluation Major Devaluation of Iraqi Dinar: Lawmaker Dilan Ghafoor told Channel8 that the approval and vote of the Council of Ministers and Parliament are required regarding setting the accounting exchange rate at 1,500 IQD per US dollar (150,000 IQD per $100) She added that although the Ministry of Finance has thoroughly studied the matter, “it does not mean this is a final decision. Principal agreement, however, is included in the draft.” ​If enacted, the measure would mark an official devaluation from the previous administrative peg, aligning the sovereign budget more closely with parallel market trading levels to bolster domestic oil revenues. ​Read more: channel8.com/english/news/6
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💵 IRAQ’S 1,500 RATE: WHAT’S REALLY INTERESTING?

📰 NEWS SUMMARY

Iraqi lawmaker Dilan Ghafoor said the draft budget includes a proposal to calculate the exchange rate at 1,500 IQD per $1 (150,000 IQD per $100).

However, she stressed that this is not yet a final decision and would require approval by the Council of Ministers and Parliament.

🔥 OUR ANALYSIS

The most interesting part is NOT simply the word “devaluation.”

👀 The bigger story is the potential attempt to reduce the gap between the CBI’s official exchange rate and the parallel-market rate.

📉 A smaller gap could reduce the incentive to use the parallel market.

🏦 If Iraq can gradually bring more foreign-exchange activity into the official banking system, it could strengthen the CBI’s control over dollar flows, improve transparency, and reduce dependence on unofficial currency trading.

This is why the 1,500 rate deserves attention. It could be viewed as part of a broader effort to bring Iraq’s different exchange rates closer together and create a more controlled and normalized currency market.

⚠️ This is NOT confirmation of a dinar revaluation, nor does it mean the CBI has officially changed its exchange rate.

But if Iraq is deliberately working to compress the official/parallel-market gap, that could become an important piece of the country’s broader monetary and financial reform process.

🇮🇶 The real question: Is Iraq gradually preparing the currency market for a new phase of normalization?


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🚨🏦 CBI INSIDER: IRAQ’S MONETARY STRATEGY CONTINUES TO MOVE FORWARD! 🇮🇶💵

 


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🇮🇶 IRAQ’S ARMED GROUPS FACE A NEW TEST AFTER THE U.S. EXIT 🇺🇸🔫

CHANNEL8

An informed source told Channel8 that the latest Coordination Framework meeting focused heavily on two armed groups that have rejected disarmament despite an earlier understanding with the government.
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🇮🇶 IRAQ’S ARMED GROUPS FACE A NEW TEST AFTER THE U.S. EXIT 🇺🇸🔫

📰 NEWS SUMMARY

According to Channel8, the latest Coordination Framework meeting focused heavily on two armed groups that continue to reject disarmament, despite an earlier understanding with the Iraqi government.

The issue is becoming increasingly important as Baghdad works toward bringing all weapons under state control.

🔎 OUR ANALYSIS

For years, the presence of U.S. forces in Iraq has been used by some armed factions as part of the justification for maintaining their weapons, arguing that resistance was necessary as long as foreign forces remained in the country.

But now the situation has changed.

🇺🇸 The U.S.-led coalition mission in Iraq has moved into its new phase, and the justification based on the continued presence of coalition forces is becoming much harder to sustain.

Yet according to the Channel8 report, two armed groups are still refusing to disarm.

That creates a new challenge for the Iraqi government and the Coordination Framework: if the foreign military presence is no longer the central argument, what is the justification for keeping weapons outside full state control?

👀 OUR OBSERVATION

Now we need to watch closely how Al-Zaidi and the Coordination Framework handle this issue.

This is no longer simply about the presence of the United States. It is about Iraq’s sovereignty, the authority of the state, and who ultimately controls weapons inside the country. 🇮🇶

And there is another important dimension.

⚠️ Washington has repeatedly linked Iraq’s financial and banking environment to its ability to control illicit financial flows and prevent sanctioned entities from accessing the international financial system.

If Baghdad cannot resolve the issue of armed factions and their financial networks, there could be consequences for Iraq’s relationship with Washington and the international financial system.

💵 The concern is especially important because Iraq depends heavily on access to the U.S. dollar and the international banking system.

So this issue could become much bigger than simply a political disagreement between Iraqi factions.

🇮🇶 Iraq now faces a critical test:

🔹 Can Baghdad convince the remaining armed groups to accept state authority?

🔹 Can the Coordination Framework reach an internal agreement?

🔹 Can Al-Zaidi help move the process forward?

🔹 And can Iraq resolve the weapons issue without triggering a deeper political or security confrontation?

📌 The U.S. presence can no longer be used as the same justification for maintaining weapons. Now the Iraqi government has to demonstrate that sovereignty means placing ALL weapons under state authority.

💰 For Iraq’s economic future, banking relationships and continued access to international financial markets, this issue deserves very close attention.

🇮🇶 Security, sovereignty and financial reform are increasingly connected.


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🇮🇶💱 IRAQ DINAR EXCHANGE RATE UPDATE — RUMOR, PROPOSAL OR OFFICIAL DECISION? 🚨

  CHANNEL8 "In my personal opinion, this decision will not be implemented,” the Slemani Currency Exchange Market spokesperson told repo...