Government of Iraq going Ahead with Large Currency Denominations for the Iraqi people to Reform System

In Iraq, things are getting better as I write this post.  The government of Iraq and the Parliamentary Economic Committee is getting very serious about the monetary policy.  The Economic Committee and the Central Bank of Iraq (CBI) has decided to reform the system.  The printing of larger banknotes is coming to the Iraqi people. The Economic … [Read more...]

Iraqi Banker Gives Clue About IQD Higher Denominations

I’ve created this video to share with the Iraqi Dinar community. The video gives you an insight on what an Iraqi banker is thinking about when it comes to the Iraqi dinar and the denominations. I will publish more videos and make sure you are on my mailing list. You are getting the best information about the Iraqi dinar it is current and up to … [Read more...]

Central Banks creates workaround for distributing hard currency through additional currency exchange stores as the Iraqi Dinar Exchange rate 1340

The Central Bank of Iraq (CBI) realizes that they have a major problem with the exchange rate of the Iraqi Dinar.  The CBI has filed a lawsuit against the Parliament Economic Committee to lift the currency auctions restrictions of only $75 million per auction day.  There has been no published date scheduled for the hearing in the Iraqi court … [Read more...]

Taxes Are Being Collected From All Currency Transactions in Iraq

There has been plenty of great news going on inside Iraq.  There has been an update to the higher US Dollar exchange rate in the country.  No one in Iraq is trying to shut down the currency exchange centers in Iraq.  No one is trying to shut down any store that exchanges currency for a living.  If someone said this recently, this is not true.  The … [Read more...]

Iraqi Dinar Gurus Claim Manipulating Market

Iraqi dinar control US Dollar

An uninformed dinar guru now admits that manipulating the market is a good thing.  The dinar guru says that Iraq is trying to control the amount of US dollars that are in Iraq.  The statement is false from this guru, and not surprising. from: www.dinarguru.com In Iraq, all oil sales have always been denominated in US Dollars.  It would be difficult … [Read more...]

Central Bank of Iraq 50 Iraqi Dinar Press Release

On February 26, 2015 the Central Bank of Iraq issued a press release announcing for the people of Iraq to stop using the 50 Iraqi dinar currency. The Central Bank is requesting all banks to accept the 50 IQD banknotes with fees or commissions and return the banknotes to the Central Bank. I have the press release from the Central Bank of Iraq … [Read more...]

Iraq Central Bank Pulls The Fifty Iraqi Dinar Banknote Continues To Restructure Currencies

Central Bank Iraq pulls fifty Iraqi dinar banknote

Iraq Central Bank starts to reconstruct its currency before delete the zeros project As of today, there is not a single person inside the country of Iraq that has not heard the announcement from the Central Bank of Iraq (CBI). On Sunday, March 1, 2015, the CBI announced that the 50 Iraqi dinar banknotes would no longer be used in Iraq. In October … [Read more...]

Iraqi Dinar Currency Revaluation Structure

Iraqi Dinar Revaluation currency

  I've written several articles on the Central Bank of Iraq (CBI) delete the zero's project in the last couple of weeks and kept you all updated with the most accurate information.  In a previous article, I said that the delete the zero's project would not start until the first quarter of 2016.  Sources within the Basra Economic Committee … [Read more...]

Iraq: Currency Redenomination To Increase Confidence, Revaluation Not On the Horizon

Iraq: Currency Redenomination To Increase Confidence, Revaluation Not On the Horizon

Iraq: Currency Redenomination To Increase Confidence, Revaluation Not On the Horizon Merrill Lynch indicated that a revaluation of the Iraqi dinar is unlikely to take place until after the country substantially increase oil production over the coming 5 to 7 years, adding that the planned redenomination of the currency is not a prelude to the … [Read more...]