Ariel : Iraqi Dinar, Tuning into What is Moving the Needle
Ariel : Iraqi Dinar, Tuning into What is Moving the Needle
10-15-2025
Iraqi Dinar: And Other News (Tuning Into What Is Moving The Needle) What Do We Have Today?
Look, if you’ve been holding onto Iraqi dinars for years, stashed away in that safe deposit box or digital wallet, hoping for the day it all clicks into something real, today’s announcement from the Central Bank of Iraq hits different.
It’s not some pie-in-the-sky rumor floating around the forums anymore Deputy Governor Ammar Khalaf just laid it out plain: they’re gearing up to lop off those zeros from the dinar, easing the headache of lugging around stacks of notes just to buy groceries.
For American holders, this isn’t abstract econ-speak; it’s the green light to finally convert those bricks of paper into USD that could rewrite your retirement, pay off the mortgage, or hell, just breathe easier on a Tuesday.
But let’s keep it real this move doesn’t happen in a vacuum. It’s tangled up in the gold they’re hoarding now at 170 tons, a stash that’s jumped from 90 tons in a blink, making up 20% of their assets and landing Iraq fourth in the Arab world, 29th globally.
That’s not just shiny metal; it’s a backstop whispering stability in a region that’s been anything but.
Redenomination sounds dry, like something out of a textbook, but picture this: right now, a 25,000-dinar note gets you a tank of gas if you’re lucky. Strip three zeros, and that same note morphs into 25 dinars, backed by a currency that’s no longer wheezing under inflation’s weight.
Experts like Mahmoud Dagher have been saying for months it won’t spike purchasing power overnight, but it streamlines everything banking, trade, everyday math without the floating rate chaos that could tank the value.
For you stateside, clutching those pre-zero notes, the exchange window opens wide: banks like Chase or Wells Fargo, long skittish about dinar trades, start processing at official rates pegged closer to real value, maybe hovering around that elusive 1:1 dream without the scams.
I’ve got whispers from a contact in the Treasury’s back channels folks who track these flows who say the mechanics are already in beta testing with select vaults in New York and Houston.
No more black-market hustles; this is institutional, life-altering liquidity hitting your account in weeks, not years.
Quote: Muhammad told Jarida, “Deleting the currency’s zeros is a regulatory process that does not conflict with its value, but this step needs educational campaigns to precede it, and a transitional period for trading the currency with its zeros and the new currency to know that the two currencies are equal in value. He stressed, “Printing new denominations must be proportional to the market’s need to cover daily trading, provided that there is not a significant increase in the monetary supply in the market so that inflation does not occur. End Quote
From Majeed:
Iraq will remove the zeros from their currency
Central Bank: Gold reserves reached 170 tons. And the “intention” to remove the zeros from the dinar.
Baghdad Today – Baghdad
The Central Bank of Iraq announced on Tuesday, October 14, 2025, its gold reserves with its intention to delete zeros from the Iraqi currency.
The Deputy Governor of the Central Bank, Ammar Khalaf, said in a press statement, followed by “Baghdad Today”
“The Central Bank of Iraq raised its gold possession from 90 tons t .170 tons at the moment.
Khalaf added that “this amount of gold now constitutes 20% of the total assets of the Central Bank, and Iraq currently ranks fourth in the Arab world in the possession of gold and globally.
The Deputy Governor of the Central Bank stressed that “there is no intention to float the exchange rate of the Iraqi dinar, so as not to affect the stability of the economy at the moment Khalaf revealed that “there is an intention to remove zeros from the Iraqi dinar in order to alleviate the burden of the”. accumulation of banknotes on the financial sector.
No floating ….
Immediate change in the exchange rate. That’s why they mentioned the amount of gold they have. Since the IMF ordered Iraq in 2024 to back up their currency with gold.
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