"Reform or monetary gamble?" The National: Fears that removing zeros will disrupt markets and shake confidence in the dinar

Baghdad - One News A report by The National has brought the issue of removing zeros from the Iraqi dinar back to the forefront, amid what officials described as serious discussions within the Central Bank, at a time when Iraq is facing increasing pressure on the budget and a decline in oil revenues.

Good Morning Dinar Recaps,

When Higher Yields No Longer Guarantee a Stronger Dollar: Global Finance Enters a New Risk Phase

U.S. Treasury yields remain near multi-decade highs while oil approaches $92 and the dollar weakens—creating a difficult new equation for central banks, governments and global investors.

Good Evening Dinar Recaps,

BRICS Moves From Talk to Infrastructure: The Next Phase of Global Finance

India is pushing a practical step toward a more multipolar financial system as BRICS members explore linking local-currency payment networks and central-bank digital currencies.

The Iraqi Dinar: Between Adjustment And Impact... Urgent Parliamentary Messages To The Prime Minister  

Baghdad Today - Baghdad    MP Saud Al-Saadi called on the government today (August 17, 2026) to clarify the legal and economic basis for the decision to remove zeros from the Iraqi dinar, according to an official document seen by Baghdad Today

In his parliamentary question, Al-Saadi stated that the government must provide the constitutional and legal basis for issuing such a decision, as well as clarify its economic feasibility and the potential effects on the national economy and citizens’ confidence in the local currency.

Exclusive: SOMO Seeks Safe Hormuz Passage For Iraqi Oil Exports

2026-08-17   Shafaq News- Baghdad   Iraq’s State Organization for Marketing of Oil (SOMO) is negotiating with US and German shipping companies to secure passage for crude exports through the Strait of Hormuz using Iraqi-flagged tankers, a government source told Shafaq News on Monday.

Good Morning Dinar Recaps,

Oil Shock Meets the Global Financial System: Bonds, Currencies and Central Banks Reprice Risk

August 18, 2026

The Iran conflict is no longer only an energy story. Rising oil prices are now colliding with elevated government debt, higher long-term bond yields and changing expectations for central-bank policy—creating a new test for the global financial architecture.

Brent crude has moved above $90 a barrel, while the U.S. 30-year Treasury yield has climbed above 5.3%, its highest level since 2007. At the same time, investors have reduced expectations for additional Federal Reserve rate increases. The unusual combination is forcing markets to reconsider how inflation, debt and geopolitical risk interact.

Telecom Minister Claims Dinar Redenomination Finalized, Drawing Criticism

Iraq   Jawad Al-Samarraie    August 16, 2026   Baghdad (IraqiNews.com) — Minister of Communications Mustafa Sanad stated in a televised broadcast that the government decision to redenominate the Iraqi Dinar and delete three zeros from the national currency is officially finalized.

Sanad asserted that replacing the current banknotes will force hoarded cash back into formal banking channels while eliminating an estimated 8 trillion IQD ($6.1 billion) in unexchanged currency tied to illicit gains, corruption, and lost funds.

 Iraqi PM Advisor: Digital Dinar a ‘Promising Strategic Project’

Daban Mohammed   At a Glance 

• The Iraqi PM advisor described the digital dinar as a strategic initiative designed to enhance monetary policy and improve liquidity management.

• The advisor clarified the digital currency is a legal tender extension of the paper dinar.

• The official cautioned the project is not a direct remedy for structural macroeconomic imbalances.

• Lawmakers proposed distributing state salaries directly into citizen digital wallets.

Tehran To Tackle Iranian Business Hurdles In Iraq

2026-08-16 Shafaq News- Baghdad  Central Bank of Iran Governor Abdolnaser Hemmati pledged to address obstacles facing Iranian businesses in Iraq, Iranian media reported on Sunday.  During a meeting with Iranian business representatives in Baghdad, Hemmati said he would follow up on export revenues, customs tariffs, and unpaid dues to Iranian contractors.