Iraq Economic News and Points To Ponder Late Saturday Evening 8-15-26
Iraqi Minister Of Communications, Mustafa Sanad, Confirms The Issuance Of A Decision To Change The Currency And Remove Zeros From It.
Arabic Iraq @AlArabiya_Iraq Translated from Arabic
Iraq's Minister of Communications, Mustafa Sand, confirms the issuance of a decision to change the currency and remove zeros from it.
Translated from Arabic
The decision has been issued.. Minister of Communications Mustafa Sind: The currency will be changed and the zeros removed #نفس_عميق#ليث_الجزائري#اي_نيوز
https://x.com/inewschanneltv/status/2088713883871523181?s=20
Zoom News @zoomnewskrd
Iraq has decided to remove zeros from its currency, Communications Minister Mustafa Sand said in an interview with Iraqi channel iNews, announcing plans to redenominate the dinar amid mounting economic pressures from regional conflicts, oil export disruptions and monetary expansion. https://x.com/zoomnewskrd/status/2088872529368645876
RJG Dinar Vets Member: Transcribed Video Interview:
We are dealing with the issue of removing the zeros today.
Yes, a decision was made.
A decision was made?
A decision was made to remove zeros.
Remove zeros and change the currency.
Change, meaning a new currency?
Even the old currency, whoever sleeps in the hay sleeps in the hay, and whoever sleeps in the oven sleeps in the oven, and whoever sleeps on the floor sleeps on the floor, and in the sewer the sewer.
You go to greet.
Greet.
All of them.
The walls raise them.
This is sleeping in prison and escaping and stuff. He can't anymore. And the dead and his money are sleeping on his heart.
Good.
And the exchange rate.
What is the price of the lost money that he estimates that it is a lost thing? No one is hidden from it, 8 trillion.
8 trillion.
This, if they don't hand it over, 8.
It's like the government is printing a new eight trillion in the new currency and takes it for itself.
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RJG Dinar Vets Member: here is a second transcription version of the same interview:
Are they moving ahead with the plan to get rid of the old notes?
They are moving ahead with the plan to void the old banknotes.
Yes, a decision has been made.
A decision has been made?
A decision to void the banknotes.
Voiding the banknotes and changing the currency.
Changing it—meaning a new currency?
Even the old currency—whatever is stashed in the hay stays in the hay; whatever is in the *tannour* oven stays in the *tannour*; whatever is buried in the ground stays in the ground; and whatever is in the sewers stays in the sewers.
You go and hand it over.
Hand it over.
All of it.
You turn the cash in.
What about the guy in prison, or the fugitive, or the deceased person whose money is just sitting there?
Right.
And the exchange rate?
What is the estimated value of the missing funds—the money that is unaccounted for? Eight trillion.
Eight trillion.
That is, if they actually hand over the eight.
It looks like the government might just print another eight trillion in the new currency and keep it for itself.
I see.
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BETTYBOOP Dinar Vets Member: Well, I can't profess to having understood the riddle when translated to English... but if they are making the 3 zero note obsolete is it a neutral event for us? or have I misunderstood the riddle completely?
RJG Dinar Vets Member: I believe they are telling the iraqi people thier currency is changing. The 25,000 note will become 25.00 note, this is true domestically.
They will not immedialty feel the vaule change until they pair internationally, which is a second step they are not talking about. It is actually wisdom to not disucss the second step in a revalue process. Once they pair internationally, we will see the value change.
Then the Iraqi people will start to see the value change when their dinar purchases imports and goods cheaper for them to buy.
The US government holds 35 Trillion dinar, a 'lop' won't pay for the iraqi war, as George W said the war would pay for itself. JMO - RJG
RJG Dinar Vets Member: I feel the timeline is to RV at the latest by the 15th of October when the budget goes to parliament. No one in parliamenmt can keep their mouths shut and the rate would get out. Since we know they are putting the exchange rate in the budget from other articles, then between now and 10/15 is our window to RV.
If they wait until 1/1/27 to change the dinar with the implementation of the new budget, that is currency suicide. I remember from screwball's articles, seems when they transitioned from the Saddam dinars to the new Iraqi dinar, the transition started Sept/Oct into January. I feel the same process will happend again.
Plus, all those embezzlers and thieves who hold dinars with the zeros, will feel compelled to bring them in and exchange them for the non-zero notes. Or they will miss out, like the interview said. This is also a ploy to compel them to bring in the liquidity they so desperatly need into the banking system to make payroll.
Hspotman Dinar Vets Member: Given this timeline, would you surmise that would also be our exchange window?
RJG Dinar Vets Member: THere was an interview I saw between Donald Trump and I want to say Leslie Stall, where he said we held $35 Trillion dinars in the treasurey. When we gave Iraq pallets of billions of dollars in cash, it was a currency swap. We gave billions and we received trillions. Maybe Screwball who holds the history of links for articles and interviews has the interview. I'll see if I saved it and check my history, and then post it here if I find it.
Found it! Chatgpt is amazing! When Donald says we have $35 billion of thier money, that is the US dollar amount value. Oh, and it was Laura Ingrahm, not Leslie Stall.
RJG Dinar Vets Member: On the timeline, I have read they would allow the 25,000 note to run alongside the 25.00 note for 10 years. Not sure if that will be the plan now. For myself, I'm not waiting long to turn my one dinar in, they need help making their payroll, and I want to help them. 🤣 Seriously, once the new international pairing is in place, it won't be going away.
The only thing that could limit our cash-in time line is if the CBI issues an endate for the 3 zero notes collection. This is all my opinion. RJG
RJG Dinar Vets Member: On the interview link, you can FF to the 11:00 minute mark. He discloses we have $35 billion dollars worth of Iraq's money in our accounts in the last few minutes of the interview. I just relistened to it. Exciting times we are in