News, Rumors and Opinions Sunday 10-4-2026
GP Q: “Are we there yet?” Iraq Update as of 3rd October 2026
ARE WE THERE YET?
IRAQ
The map is being redrawn.
The dinar’s official price is not.
3 October 2026 — Iraq desk
Baghdad’s central bank is still running the bank cleanup it set in motion under its minimum-requirements program.
Every Iraqi bank has already filed the paperwork and picked one of three doors: stay independent, merge, or leave the market.
What remains is gap-closing and full compliance, not a finished overhaul.
Eligible private banks can also be cleared again for cross-border trade and letters of credit in euro, UAE dirham, yuan, Jordanian dinar and other currencies.
On the dinar itself, the CBI’s stated line is still exchange-rate stability.
No new official rate has been published and nothing on the record is a revaluation.
THE PLUMBING:
Offshore, the payment pipes are the part that is actually moving. Swift’s shared ledger is live for early use. Seventeen (yes 17) banks across six continents are lined up to run tokenised bank deposits on it so money can move overnight and on weekends, with final settlement still going through existing systems. That is regulated bank money on new rails. It is not a currency reset.
Status:
• Bank reform: underway
• Rate policy: stability, unchanged
• Revaluation or QFS: not on the record
The infrastructure is being modernised. The documents describe compliance pathways and tokenised deposits. They do not announce an IQD revaluation.
Sources:
https://cbi.iq/news/print_news/3144
https://cbi.iq/news/print_news/3231
Source(s):
• https://x.com/argosaki/status/2106233314642460975
https://dinarchronicles.com/2026/10/03/gp-q-are-we-there-yet-iraq-update-as-of-3rd-october-2026/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Taking zeros off a currency would take a law. Have they done that? Not yet...There is a public discussion of a new series of notes...If and when the bank moves on a design, we will read what the bank itself says...They can change the paper. They cannot rewrite the zeros without legislature...They can change the effective exchange rate of the currency <snap> like that, like back in 2023...Physical note count, adjustment of the rate, two different things.
Mnt Goat ...There is always a target, a plan and interconnections to what the CBI is thinking or does that will give away their final plan. I believe the CBI will launch once again the 25, 50 and 100 dinar bills JUST BEFORE the project to delete the zeros occurs. I do think it will come out at around 1.00 but at whatever the program rate dictates... Remember also the CBI told us the larger older 3 zero bills will coincide with the newer lower denomination bills for up to 10 years., then be phased out.
Stephen Never expect the Central Bank of Iraq to come out and straight up say, 'Hey guys, we're going to revalue the currency.' It would create turmoil within the country of Iraq. It would collapse the country because you would have all these speculators buying up the currency. It would create total chaos. They will never do that.
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