Jeff
Jeff – Dinar Guru Your receipts and certificates of authenticity are for your taxes, not for banks. Banks do not give a crap about your receipts when you go to exchange. For example, if you went to Europe and came back with euros, are you going to have to show certificates of authenticity and receipts to exchange? No. The bank doesn’t give a hoot about that. The bank doesn’t administer your taxes for you.
Reset Intelligence
Reset Intelligence – Dinar Guru The Central Bank of Iraq published two documents on Wednesday. One went to the public: a formal statement… denying that any new currency has been printed. Its companion went to every licensed bank and financial institution in Iraq…It instructs every counter in the country on how to treat the money of politically exposed persons. That means officials, their families out to the second degree, and the associates whose wealth a government salary cannot explain. One release manages what you believe. The other changes what a bank teller in Baghdad is required to do…Underneath it all sits…102 trillion dinars held beyond the reach of any bank, which all of this is built to bring in.
Stephen
Stephen – Dinar Guru The CBI finally addressed all the commotion we have been seeing in regards to the deletion of the three zeros. CBI Statement “Reports that the bank has already printed quantities of new zero deleted currency for circulation does not rely on an official source and explicitly denies that it has printed a new Iraqi currency with the zeros deleted.” They are denying all the reports. They’re saying no currency has been printed…I fully expected the CBI to deny this…I believe this is already completed and everything we are seeing in the news is informing Iraqi citizens of what is getting ready to take place…All of this is happening very very quickly.
Mountain Goat
Mountain Goat – Dinar Guru In today’s news…we have two members of Al-Zaidi’s cabinet the communications director and now a member of the Finance Committee (which is ‘BIG’) that there is a government trend towards officially removing zeros from the Iraqi dinar and issuing a new paper currency.
Reset Intelligence
Reset Intelligence – Dinar Guru Hiring a fiduciary adviser is the moment a windfall either stays yours or starts leaking…You are the client. A lawyer, a trustee, a banker, and a trust provider all work for you, and the terms you set decide who comes out ahead…Before fees or structures, settle one thing. Is the person across the desk legally required to put your interest first, or only to sell you something that is not unsuitable. In the United States a registered investment adviser owes a full fiduciary duty of care and loyalty across the whole relationship. A broker owes only a best-interest standard at the single moment of a recommendation…Ask how they get paid, and what they earn if you do nothing…The relationship lives or dies in the engagement letter, not the brochure…Nothing gets signed across the desk. It goes home to your own counsel first, always. Interview at least three firms...More than half of wealthy investors speak to only one adviser before handing over the money, and the regret shows up later, when leaving is expensive.
Jeff
Jeff – Dinar Guru Adjusting zeros on currency has everything to do with inflation. If they add zeros they devalue it. If they remove zeros, they’re strengthening the value. That’s all that it means. Not rocket science…Our notes are going to remain the same at a higher value against the dollar and then be phased out of circulation in probably roughly 90 days.
Stephen
Stephen – Dinar Guru Are the banks going to accept your Iraqi dinar? … If you ask your bank today if they deal with Iraqi dinar, they are going to tell you they do not deal with it today. Depending on if you talk with a teller, wealth manager, branch manager, you’re going to get different responses. Some people have come right out and said it’s a scam. Some people that work at the bank have said, we don’t deal with it and they have not future plans to deal with it. Some people might say, we’re not dealing with it currently but if there is a change in the rate or if something new happens with it then they will deal with it. But as of right now do not even waste your time asking your bank if they deal with the Iraqi dinar because the response is almost always going to be no. Does that means they’re not going to deal with your dinar post revaluation? Of course not…Once the Iraqi dinar has value…that dinar is now seen as an asset…
Militia Man
Militia Man – Dinar Guru A coordinated REER style adjustment remains the more feasible and credible path…What’s been taking place, modernization, formalization, transformation…is part of that whole scenario...Everybody’s moving forward doing the best they can and working toward the end which is global integration.
Sandy Ingram
Sandy Ingram – Dinar Guru Importing…revenues are scheduled to exceed…$2.6 to $2.7 billion by the end of 2026 which will be the highest annual customs revenue in Iraq’s entire history…Reform paid off big…Iraq implemented the ASYCUDA automatic customs system...The systems make it more difficult for custom duties to disappear through corruption, underreporting or inefficient collection. No more bribing customs officials...This is important because Iraq has been trying to reduce its dependence on oil revenue. By doing so they can keep the IMF’s mouth shut about generating revenue outside of the oil industry…
Pimpy
Pimpy – Dinar Guru A removal, a lopping, a redenomination, a deleting of the zeros, it’s all the same thing…We don’t want them to remove the zeros. We want them to change the exchange rate…and leave the zeros on there. That’s what we want to happen. Them removing the zeros doesn’t change the value of the Iraqi dinar.
Clare
Clare – Dinar Guru Article: “The central bank denies printing a new currency with zeros removed” Quote: “A statement from the bank said…we deny that the bank has printed new Iraqi currency with zeros removed...any future project related to restructuring currency denominations or removing zeros–should an official decision be made in this regard—will be subject to multiple legal, regulatory, and technical stages, and will be announced, if approved, through the bank’s official channels… along with specifying an appropriate transition period that allows citizens, banks, and institutions to exchange the currency in a safe and organized manner, to ensure the full preservation of everyone’s financial rights and obligations.“
Jeff
Jeff – Dinar Guru The troops talked about maybe being out prior to September 30th, maybe around September 15th. Could that speed up the rate change? …No…Here’s why…Banks planned, prepared, drafted the rate change. They schedule everything. If the agreed upon date was September 30th, if the troops get out sooner than that…it’s not going to speed up the rate change. I’m not telling you the rate change is taking place on September 30th. Nobody knows that date, but I’m telling you removing the troops before September 30th will not speed up the timing of the rate change because that’s hard scheduled by bankers. That’s what they do. They schedule everything.
Stephen
Stephen – Dinar Guru No one knows the date. No one knows the rate. But from everyone I’m talking to that are smart, intelligent, wise, non-hopium type people, they’re all saying, ‘Start getting your ducks in a row. Start preparing.’ Establish your cost basis. Know how much Iraqi dinar you have. Know how much you paid for it. Get your sources of funds letter to take with you to the bank. A source of funds letter says, My name is Stephen. I acquired X amount of Iraqi dinar on this date from this exchange or this person. Start getting these things in place just in case the bank requires it…
Mountain Goat
Mountain Goat – Dinar Guru …so many articles on removing the zeros and what to do about the monetary reform…Why in hell would they do this if not a major effort to initiate this event. Remember also I am on the phone with my CBI contact to talk about all these articles and she too confirmed they were getting ready for this event.
Clare
Clare – Dinar Guru Article: “Lawmaker: Iraq Plans Dinar Redenomination But Law Still Awaits Approval” Quote: “Dinar redenomination requires a formal law, parliamentary readings, and a final vote. The currency reform will not alter the dinar’s exchange rate against the dollar…However, Iraqi government spokesperson Haider al-Aboudi emphasized that no formal decision has been made within the Council of Ministers or the Central Bank so far.“
Stephen
Stephen – Dinar Guru If your bank is telling you they’re not accepting Iraqi dinar, don’t get worried. Don’t get stressed. That is a typical common response because banks only deal in absolutes. They don’t deal in speculation. They don’t deal in hypotheticals. As dinar investors, we believe it’s going to revalue. We believe it’s going to have a lot more value than it does today. But banks don’t care. Banks don’t know that. Banks don’t study this. Banks deal with people coming in and out all day long doing their normal banking business…
Jeff
Jeff – Dinar Guru Iraq times and delays their actions around what is the rate change date. Article: “Iraq cabinet nears completion, only 2-3 ministers unresolved” This is being timed and delayed…I would set your sights on…around mid-September…When it comes to the timing of the news…it’s a scripted soap opera around what is the rate change date.
Reset Intelligence
Reset Intelligence – Dinar Guru Question: “Does the redenomination and the evaluation happen at the same time?” An exchange opens with a window and a deadline. Bring the old notes to a bank and you get the new ones. Hold out and on the closing date your paper is worth nothing. In 2003, Iraqis got three months. When the window shut, 10,000 tons of Saddam’s notes became waste paper…The deadline did the pushing. And the dinar rising 25% during the exchange did the pulling. Give people a better number…and the mattresses empty themselves. That is the pull that brings in the 8-10 trillion off the streets and into the banks…Paper ordered first. A window with a deadline, a number worth walking in for…Warning is one thing an operation like this cannot afford. In Iraq’s own 2003 exchange ran on the same silence. The louder the denials the closer the counters.
Militia Man
Militia Man – Dinar Guru Article: “A crisis of confidence and a cash economy: Round 97 trillion Iraqi dinars are outside the banking system” roughly 90- 97 trillion dinars sitting outside the formal banking system out of about 105 trillion issued…Roughly two-thirds…is actively used in trade settlements, real-estate deals, and wage payments. Only about a quarter looks like classic hoarding. That distinction matters...
Clare
Clare – Dinar Guru Article: “Despite government denials, a member of the Finance Committee confirms the imminent removal of zeros from the dinar” Quote: “the Iraqi government received recommendations from international bodies, including the United States, to remove zeros from the Iraqi currency, arguing that this would help to strengthen confidence in the Iraqi dinar
and thus contribute to attracting more foreign investments,” while also confirming in its report that the Central Bank of Iraq “has not yet provided a timetable for implementing the process of removing zeros,“
Kaperoni
Kaperoni – Dinar Guru Several delete zeros LOP articles are now coming out. But these are not official and they are not the decision of the CBI. In my opinion they are just to combat speculators. It is contrary to what Iraq is doing it within the country. It’s very important when it comes to Iraq to understand what they are doing, not what they are saying. What they are
doing is converting their banking system to digital, encouraging foreign investment and diversifying their economy. These contradict delete zero articles.
Sandy Ingram
Sandy Ingram – Dinar Guru It’s not the news we were hoping for…The new regional Central Bank of Iraq’s governor told parliament’s finance committee that Iraq’s foreign currency reserves have fallen from approximately $109 billion to $77 billion. This is a decline of approximately $31.5 billions. That’s an awful lot guys…Iraq’s monthly payroll including pensions is around $5.1 billion a month. Iraq’s oil revenue has dropped since March 2026…A decline in foreign reserves combined with more dinars entering into the economy can create additional challenges…This is the scenario the IMF has warned Iraq about repeatedly. And this is why the IMF has not backed Iraq in adjusting its currency…The important question is what happens next?
Stephen
Stephen – Dinar Guru There is an acceleration period happening right now that I don’t think anyone can deny. Even if you’re not a bullish dinar revaluation investor, you could still look at the country of Iraq and say, you know what, a lot has been happening. They are moving very very quickly. If you’re holding Iraqi dinar we believe it’s only a matter of time before it does revalue and have greater value..
Clare
Clare – Dinar Guru Article ”US pressure on Baghdad to expedite the removal of zeros from the dinar to curb money laundering” Quote: “the approval of this project will strip the old currency denominations of their legal tender value and stop their circulation as official currency, which will force the holders and smugglers of those funds to bring them in and deposit them exclusively through official banking channels inside Iraq to exchange them for the new denominations, which will ensure the reintegration of smuggled capitals into the national financial system.“
Jeff
Jeff – Dinar Guru You’re lucky to see one or two deleting the zeros articles per year…There was 10 to 15 articles in one day. Ever since there’s been one or two every other day since two Sundays ago. Today there was another 5 or 6…Normally when they post a tremendous amount of [articles on a subject] it’s because they’re getting ready to do that.
Clare
Clare – Dinar Guru Article: “Iraq to introduce new banknotes with three zeros removed“ Quote: “Iraq intends to remove three zeros from its currency to modernize financial transactions, reduce physical cash circulation, and return stockpiled funds to the official banking system… Under the suggestion, a 25,000-Iraqi dinar note would become 25 Iraqi dinars, but the currency’s purchasing power and true financial value would stay unaffected…Iraq has sought printing partners in the United Kingdom and Australia, as well as its traditional suppliers in France and Germany, to create an estimated 7.5 billion new banknotes…the Central Bank of Iraq (CBI) has yet to present a formal draft bill to parliament.“
Mountain Goat
Mountain Goat – Dinar Guru I have to tell everyone that there are new events that lead us to strongly believe that there is once again a target of January 2027 for a reinstatement. This means they will have to remove the zeros in the later part of 2026 (the fall season) in preparation for this later event early next year to occur. If you recall the significance of removing the zeros will set the stage for the reinstatement at much higher rate over the dollar. By removing the zeros in-country in itself will need a new rate of some sort (a revaluation) or these newer lower denominations will be almost worthless at 1/6 of a penny 1320 rate. I hope everyone understands this concept?
Stephen
Stephen – Dinar Guru There’s been a lot of talk in the dinar community about the redenomination. Since last week it has taken the entire dinar world by storm, arguing and saying Iraq is going to cut three zeros, it’s going to be a net neutral event, dinar investors are going to get stuck with pretty much what they paid for their dinar initially. Then you have the revaluation or reinstatement camp…saying, no, no no, this is amazing news because any form of a revaluation or reinstatement has to be accompanied by some type of redenomination, issuing lower denominations that have increased value. That’s the camp I’m in. I hope you are in that camp as well.
Jeff
Jeff – Dinar Guru Question: “Can Iraq be a sovereign country October 1st without changing the rate?” Jeff: Not 100%. To be sovereign a country needs to have full control and freedom over their money, what they’re allowed to do with it…So, no, they have to have full power and control over their country and money to be sovereign.