🔥 Iraq’s Currency Shift: Key Highlights You Need to Know 🔥
• The Central Bank of Iraq has confirmed plans to remove the three zeros from the dinar, signaling a future re-denomination of the currency.
• Lower-denomination notes are expected to replace current higher notes—official timelines have not yet been released. • Frank26 emphasizes that this is not a lop, noting that inflation in Iraq is under 1% and dismissing lop speculation as unrealistic.
OMAR:The Central Bank of Iraq has confirmed they're moving forward with the plan of dropping the zeros from their currency. This means they are re-denominating the dinar...They haven't provided a strict timeline yet.
FRANK: Yes they are...They're going to get rid of the 3 zero currency notes and replace them with lower notes. That is the definition of a Re-denominating...All we need is a date for this mountain of promises.
Frank26 People...insist this is a lop...It's so ridiculous. How in the world can somebody think they're going to take the physical currency in their hand, take a pair of scissors and cut the three zeros out?
A lop is when you add zeros to the exchange rate...To say the word lop is beyond stupid ... Inflation is less than 1%. Where in the world does a lop come into the conversation?
Frank26Why do you think the WTO was in your country Iraqi citizens?
Because they know that the rate is about to come out. That's the only way the borders can be protected with the WTO.
🏛️ Iraq’s Government Formation: Waiting on Al-Sadr’s Move! ⚡
The Shiite Coordination Framework—the main political coalition in Iraq—aims to form the next government quicklybefore constitutional deadlines. The big question: Will Prime Minister Mohammed Shia Al-Sudani get a second term? 🤔
Key highlights:
The framework forces held their first post-election meeting to discuss government formation, future alliances, and the premiership.
Al-Sudani topped the polls with the “Reconstruction and Development” alliance: 1,317,346 votes in 12 out of 18 governorates. 🗳️
Other main parties:
Progress Party (Mohammed al-Halbousi) – 2nd place
State of Law Coalition (Nouri al-Maliki) – 3rd place
THE FRAMEWORK OUTLINES THE FORMATION OF THE IRAQI GOVERNMENT AND AWAITS AL-SADR’S STANCE ON A SECOND TERM.
It appears that the coordinating framework that includes the ruling Shiite political forces in the country, which secured the highest number of votes in the recent parliamentary elections, is seeking to resolve the formation of the next Iraqi government as quickly as possible and before the end of the constitutional deadlines specified in this regard.
However, there are some obstacles that may prevent progress in these efforts, most notably the issue of appointing a new prime minister, or proceeding with renewing the second term of the current Prime Minister, Mohammed Shia Al-Sudani, who topped the lists of candidates in obtaining the highest number of votes.
In this regard, a source within the framework revealed details of a meeting held by the Coordination Forces on Wednesday evening following the announcement of the preliminary results of the parliamentary elections. The attendees discussed some topics related to the elections and the distribution of tasks according to electoral and political weight, according to a well-informed political source.
The source explained to Shafaq News Agency, “The leaders of the framework forces held their first meeting last night after the announcement of the preliminary parliamentary election results, where important topics were discussed, including reaching an understanding on forming the government, determining the identity of the next Prime Minister, and the shape of future alliances.”
He added that the framework “set the general and specific guidelines for the political process in the country, without exceeding the constitutional deadlines, and it is keen to complete the government system before the specified dates,” noting that the issue of the premiership will be decided soon, especially since the initial results revealed the political and parliamentary weights of the framework’s forces and the overall coalition for managing the state.
The source did not rule out granting Al-Sudani a second term unless one of the influential forces moves against it, in reference to the position of the leader of the State of Law Coalition, Nouri Al-Maliki, adding that “most of the forces of the framework attended the meeting with the exception of the current Iraqi Prime Minister.”
He explained that the identity of the next prime minister will be determined after the legal ratification of the election results.
He concluded by saying that “the meeting also discussed the issue of understanding with those boycotting the elections (the Shiite National Movement led by Muqtada al-Sadr) and their role in the next stage, and knowing their position on the second term.”
On the ninth and eleventh of November, Iraq held special and general voting in the parliamentary elections for the sixth parliamentary session, as part of a democratic practice in the political process that emerged after 2003 through the overthrow of the former Baath regime by the forces of the United States of America and its allies.
On Wednesday evening, the Independent High Electoral Commission of Iraq announced that the “Reconstruction and Development” alliance, led by Mohammed Shia al-Sudani, had made significant progress in the preliminary results, achieving 1,317,346 votes in 12 out of 18 governorates. The Progress Party, headed by former Speaker of Parliament Mohammed al-Halbousi, came in second, and the State of Law Coalition, led by former Prime Minister Nouri al-Maliki, came in third.
Regarding the Shiite Coordination Framework forces, the Reconstruction and Development Alliance of Sudani won 45 parliamentary seats, followed by the State of Law Coalition led by Nouri al-Maliki with 30 seats, and the Sadiqun Bloc led by Qais al-Khazali with 26 seats, while the Badr Bloc led by Hadi al-Amiri won 19 seats, and the State Forces led by Ammar al-Hakim won 18 seats.
So, the rumors began from our recent news about removing the zeros. In today’s news we have two articles to clarify the CBI stance on the issue of a change in the rate of the dinar. I believe they are mainly talking about an “official” change in the rate change or not to bring about the project to remove the zeros. Remember that the CBI told us there would be NO CHANGE in the purchasing power of the dinar as result of this process of removing the zeros. As investors I tried desperately to explain what these statements meant and so today I want to clarify these two articles that just came out:
The first article is titled “A SOURCE CLARIFIES: THERE WILL BE NO CHANGE TO THE EXCHANGE RATE, AND THE CENTRAL BANK CONTINUES TO DEFEND IT”. It is from November 11, 2025. “A source clarifies – There will be no change to the exchange rate and the Central Bank continues to defend it. Some media outlets reported on a study suggesting a government plan to adjust the exchange rate in the future. However, it turned out that this plan, which was published in studies, did not originate from the central bank and dates back more than ten years.” This statement also confirms what the CBI told us that they do not plan to change the rate of the dinar one more time prior to removing the zeros. I know many of the so-called intel gurus keep telling you its going to be over a dollar when they conduct the project. This appears to be just rumors.
In the second article titled “THE CENTRAL BANK DENIES RUMORS OF A DINAR DEVALUATION.” The Central Bank also denied on Tuesday (November 11, 2025) rumors of the dinar’s decline, “stressing that they were untrue and were not issued by any official body.” The bank’s media office stated in a statement that read “the Central Bank of Iraq denied the news circulating about the expected decrease in the value of the dinar to 4,000 dinars against the dollar, stressing that this information is incorrect and was not issued by any official body within the bank.” This of course was fantastic news.
The bank called on the media and citizens to rely only on official sources and to avoid being drawn into rumors aimed at creating financial panic in the market. Just so everyone knows the “official” rate of the Iraqi dinar is still 1320 not 1310 or any other rate you may have heard.
Let’s Talk WTO….
First, I want to remind everyone that my CBI contact just reminded me again on my call to Iraq over this past weekend of what she had said to me about the WTO. She said the information about the full accession process would be coming out just before the initiation of removing the zeros from the older notes and issuing the lower denominations. So, what did we just witness in the news? We just had a couple articles from the Iraqi news media on this subject matter. Is this the news she was talking about?
😊 Next, let’s take a peek at these articles. The first one is titled “STRENGTHENING IRAQ’S STEPS TOWARDS JOINING THE WORLD TRADE ORGANIZATION”
The official spokesman for the Ministry, Mohammed Hanoun, stated in a statement to “Al-Sabah” that joining the World Trade Organization, which Iraq had submitted a request to through the Ministry, represents a strategic step towards full integration into the global economy and reflects the country’s commitment to reforming the economic and trade system in accordance with international standards.”
Here’s the best part of this article and I quote – “He noted that joining the organization obliges the government to implement an economic reform program, in addition to strengthening trade policy and improving the business environment, as well as creating favorable conditions for foreign investment”. What foreign investment? Do you really believe the dinar could even stay at 1320 for very much longer? They know it and we know it that the pressure is on the CBI to do something about it and do it soon.
NO! I did not say that there is a formal WTO requirement to have a tradable currency on FOREX. I did however say countries do need a currency and Iraq has one. So this argument of the reinstatement does not hold up. However, let’s get real here. Why would we be reading about removing the zeros, going to re-peg to a basket of currencies and all the new economic reforms for Iraq, if they were not going to do something drastic to bring back the dinar and bring it back to its glory days?
Remember what they told us in a recent article titled “THE IRAQI DINAR WITHOUT ZEROS: THE CENTRAL BANK OF IRAQ LAUNCHES A HISTORIC REFORM”.Yes, the CBI wants a rate from the past and that is why they call it “historic reform” get it? So what was the rate from the past they are aiming at. Well…they even told us in the article. Go read it again. As they have not had this coming of a sizable rate in the last thirty plus years. They are even aiming higher than $3.22 post 1991.
😊The second article about joining the WTO is titled “GOVERNMENT ADVISOR: AMENDING THE COMMERCIAL AGENCY LAW SUPPORTS IRAQ’S REQUIREMENTS FOR JOINING THE WORLD TRADE ORGANIZATION”. In the article we learn that the Prime Minister’s financial advisor, Mazhar Muhammad Salih, confirmed on Sunday that “the Cabinet’s approval of the draft law amending the Commercial Agency Regulation Law would support Iraq’s accession to the World Trade Organization.” But why is this so important to the WTO?
I believe this is VERY IMPORTANT for two reasons. First this news is coming from Saleh and when he talks, I listen. Second, the WTO itself told us just about a year ago that they needed this amendment and that this was the last issue that was needed to drive to full accession for Iraq. WOW! WOW! WOW! So here it is…. Do you think that maybe the WTO gave Iraq the provisions to put into this amendment like they want all countries joining the WTO to adhere to certain criteria and have the laws in place. The WTO wants all members to be successful.
Saleh told the Iraqi News Agency (INA): “The first amendment to the existing Commercial Agency Regulation Law represents an important legislative reform that enhances competitiveness, improves the quality of goods and services, and supports investment and integration into the global economy,” noting that “the amendment also contributes to building a more disciplined and equitable market, which will directly impact economic growth and consumer protection in Iraq.”
He added that “this amendment comes to address the gaps that appeared during the application of the law since 2017, whose main goal was and still is to promote and regulate commercial activity and improve the business environment in Iraq.”
I could go on and on repeating what is in the today’s article but I will sum it up in this statement and I quote from it – Saleh “he stated that “the amendment comes to support the state’s direction towards improving the investment environment and attracting global companies directly to the national market.”
Now tell me why would the WTO not want a tradable currency on the currency exchanges for Iraq prior to full accession or close to it’s timeframe?
If there was any negativity in this news about today it is about the fact that we just referenced two laws that will need to be passed in parliament, the Oil and Gas Law and first amendment to the existing Commercial Agency Regulation Law. Oh… but parliament is now disbanded due to the election cycle. Who will be the new representatives in parliament and who will be the new speaker? When will the next session begin? Yes, we are inching closer and closer to January.
In bringing you my commentary today on the RV Status section of the Newsletter, I always must make choices as to what to print. I try to keep the commentary to a minimum. I try to summarize as much as possible. I know you might find this hard to believe…lol..lol..lol.. 😊 I really do not want to ramble on and on. Already this Newsletter is too long… lol..lol..lol.. I try to quote from VERY important statements made in the news and then try to help my readers understand what was said and why. This is their words not mine. I only bring the news, not make it up. Get it?
How does it all lead us to the RV? Having said all this, I still encourage everyone to go read the full content of the articles for yourself and try to absorb it but concentrate on the important ones and important parts of them. I try to highlight them somehow. I know it’s a lot of information but if you study it, one Newsletter at a time, it won’t be so bad. If you do you won’t be asking me when the RV will happen, as you will see it just as I see it.
So, again I have to ask you as a reader of this analysis- What do you think is happening? Are they going to move ahead this time with removing the zeros or not? Will the reinstatement follow? Will you be rich?
We must continue our prayers for the Iraqi people and the future of Iraq. Let God’s abundance and prosperity rein down upon that nation.
