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CHANNEL8
CURRENCY REDENOMINATION: If Iraq proceeds with removing zeros from its dinar, Jabar Goran, spokesperson for the Slemani Currency Market, notes that mandatory proof-of-origin checks for large cash reserves could block roughly 40 trillion dinars in stolen wealth from re-entering circulation.
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📰 NEWS SUMMARY
If Iraq moves forward with removing zeros from the Iraqi dinar, Jabar Goran, spokesperson for the Slemani Currency Market, says mandatory checks on the origin of large cash holdings could be introduced.
💰 According to the statement, these controls could prevent approximately 40 trillion dinars in allegedly stolen wealth from re-entering circulation.
🔎 ANALYSIS
The key is not to confuse a redenomination with a revaluation.
Removing zeros means changing the unit of the currency. For example, if three zeros were hypothetically removed, 1,000 old dinars could become 1 new dinar, with prices, salaries, and contracts adjusted proportionally.
⚠️ Therefore, removing zeros does not automatically mean the dinar will multiply in value against the U.S. dollar.
However, another interesting element is the potential control of large cash holdings. If authorities require proof that the funds were obtained legitimately, it could make it much harder for illegally acquired money to re-enter the financial system.
📌 BOTTOM LINE
The report points toward a possible monetary restructuring combined with tighter financial controls. It is an interesting development, but by itself, it does not confirm a major revaluation of the IQD.
👀 The big question is: What specific measures would Iraq implement if it ultimately moves forward with removing zeros from the dinar?
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#Iraq 🇮🇶 #IraqiDinar #IQD #Dinar #Redenomination #Economy #Currency #Revaluation #Finance #IraqNews
CHANNEL8
🇮🇶 IRAQ 2027 BUDGET: A POTENTIAL WINDOW FOR CHANGING THE DINAR EXCHANGE RATE 💰📊
📰 NEWS SUMMARY
The Iraqi government is preparing the 2027 federal budget, which is expected to be submitted to Parliament between late September and early October.
The news highlights Iraq’s move toward a budget focused on projects, measurable results, spending efficiency, and fiscal sustainability.
But there is one sentence that, for those following the Iraqi dinar, deserves special attention:
👉 “There are currently no official measures to change the value of the Iraqi dinar against the dollar.” 🇮🇶💵
In other words: there are currently no official measures to change the exchange rate.
⚠️ BUT THIS IS WHERE WE NEED TO CONNECT THE DOTS.
The fact that the government is explicitly addressing whether or not to change the official exchange rate of the dinar within the context of the 2027 budget is extremely relevant.
Because this news puts one potential moment clearly on the table:
🏛️ WHEN THE GOVERNMENT APPROVES ITS FISCAL BUDGET! 🇮🇶💵
And in my opinion, that changes the perspective.
👉 We are no longer simply speculating about when Iraq could potentially modify the official exchange rate.
👉 The news itself is linking the exchange-rate question to the budget process.
That gives us a specific institutional process to watch. 👀
📅 The 2027 budget is expected to be presented between late September and early October.
Then come the discussions, possible amendments, and ultimately the approval of the budget.
💡 And throughout that process, we should be watching what happens to the official IQD/USD exchange rate.
Iraq remains heavily dependent on oil revenues. 🛢️
The government is attempting to reform its public finances. 📊
A new federal budget is being prepared. 🏛️
And within that preparation, the exchange rate itself is being explicitly addressed. 💵
That is why, in my opinion, we need to pay very close attention to the moment when the 2027 budget is ultimately approved.
🇮🇶 MY OPINION
This news puts one of the potential moments when the Government of Iraq could change the official dinar exchange rate right in front of us: WHEN IT APPROVES ITS FISCAL BUDGET.
⚠️ This DOES NOT mean Iraq has decided to carry out an RV.
⚠️ It does not mean there is a confirmed date.
But I believe we now have something much more concrete than simply speculating about dates.
We have an institutional process that we can actually monitor. 🔎
The question is no longer simply:
❓ “When could Iraq change the exchange rate?”
But rather:
👉 “What exchange rate will Iraq ultimately use/approve when the 2027 fiscal budget is finalized?”
That is the point I believe we should be watching very closely.
📌 I am NOT saying an RV will happen with the 2027 budget.
📌 I am saying that this news shows us that the budget process is one of the moments when a change to the official exchange rate could potentially be considered.
🔥 AND THAT IS WHAT MAKES THIS NEWS SO RELEVANT.
CONNECT THE DOTS. 🧩🇮🇶
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#Iraq #IraqiDinar #IQD #Dinar #RV #DinarRevaluation #IraqBudget #Budget2027 #CentralBankOfIraq #CBI #IraqEconomy #ExchangeRate #CurrencyRevaluation #IraqiEconomy #EconomicReform #IraqNews #DinarWatch #FollowTheMoney
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Frank26
[Iraq boots-on-the-ground report]
OMAR: The Central Bank of Iraq has recorded notable shifts and marked a decline in its financial indicators...Official reserves are shrinking.
FRANK: Not good. But good for us...Iraq's reserves...$77.8 billion. That's it. That'll be gone in 3 months or less. You can't do that. That's not how you run a government ... your household ...your purse... Iraq has to stop cannibalizing it's reserves and they have to raise the value.
FRANK: Trump is not happy with the collection of the [Iranian militia in Iraq] weapons.
OMAR: We are doing something we have never done before. We're cracking down on anything that is pretending to be a militia. Iraq is acting like a sovereign state, not a scared one...They tell us on TV that this is not symbolic. This is state power...
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