New Lower Denominations

I have had many questions on what the new lower denominations would be when the CBI does launch them. This is all such OLD news I find it hard to believe anyone actually does not know this already, but I will explain these again if this is helpful at this time.

Now that you newbies found me, please try to stick with me and read my newsletters periodically whenever they come out instead of just occasionally “dropping” in & out from curiosity …… It would make life a lot easier for you in understanding this RV process and your currency investment.

This way you won’t have to ask so many questions and I can save room in my newsletters for other more important issues, as they are long enough already bringing you up tp speed with the current news on the Iraqi dinar.

Below is some FACTUAL information on what categories of the lower denominations that still need to be rolled out. We already know that the 250, 500 and 1000 dinar notes are in circulation and are planned to remain in circulation even after the project to delete the zeros is completed. However the CBI and the Finance Ministry often refer to these notes also as the “lower” denominations. But they know there are still “lower of the lower” denominations and these are what I am taking mostly about today in this presentation.

Newer “lower of the lower” denomination notes are as follows:

Bills: 1 dinar, 5 dinar, 10 dinar, 25 dinar, 50 dinar, 100 dinar
Coins: 10 fils, 25 fils, 50 fils and a 1 dinar

with lower coins of 1 fils, 2 fils and 5 fils added later as the economy improves and the value continues to rise.

How will the CBI arrive at these new bills? Let me explain to you.

For instance the 1000 bill which is remaining in addition, but if you delete the 3 zeros it also becomes the 1 dinar note. The same applies to the 5,000 bill becomes the 5 bill, the 10,000 becomes the 10 bill and the so on and so forth. If you notice that each of the lower of the lower denomination notes also have a corresponding higher 3 zero note, just add three zeros. So when you delete the three zeros form the currency in the project to delete the zeros, what do you do? You delete three zeros get it? Is this so hard to understand?

The rate therefore does not change only the bills change. Get it? This is the part that most people do not understand. But it is really not hard to understand. So let me explain it to you in more detail.

I know, I know this sounds like a weird statement to make but it will be the process. Technically there is not going to be any revaluation in Iraq. Get it? It is not until you take the older thee zero dinar notes after the dinar is reinstated on FOREX at the rate we are all looking for in exchange for our currency the US dollar, Euro, Canadian dollar, etc, etc, that a significant increase in value is realized. Remember we are investors outside of Iraq. We don’t hold the newer lower of the low denominations. We hold the older three zero notes.

To fully help you understand even more what is going to happen let me use an example:

Today is October 2, 2021 and the CBI rate is 1450. This equates to about $17.24 for the value on a 25,000 dinar bill today. Here is how I calculated this: 1.00 /1450 = .00006896 per dinar. Yes, that is not even a penny a dinar. Then multiply .00006896 x 25,000 = $17.24 USD.

So knowing this above, the new low of the lower denomination 25 bill will be worth what? It will be worth $17.24 USD as long as the rate at the time of the project to delete the zeros stays at 1450. Get it now? No change in the value as the CBI just deleted the 3 zeros. Now, was this so hard to understand?

Another example:

So before completing the project to delete the zeros, if the CBI were to first raise the rate of the dinar back to 1166 from 1450 a dinar (or to some other rate) it would be worth .0008576. As .0008576 x 25,000 = $21.44 USD. This is almost a 1:1 situation with the USD. Right?

I know you are asking yourself what is the value of a single dinar once they delete the zeros? This is all you want to know. Let us go back to these two examples and find out.

Example 1: $17.24 / 25 = .689 or 69 cents per dinar, not quite a dollar.

Example 2: $21.44 /25 = .857 or 86 cents per dinar, not quite a dollar.

My point to giving these examples is to illustrate to you that the CBI may increase the current program rate of the dinar first away from the 1450 to get the final rate closer to a dollar, if this was the plan to have the final rate closer to $1.00 or over $1.00+. The CBI will absolutely not have a rate of 1450 or 1166, etc, etc one day and then after completing the project to delete the zeros have the rate jump to $3.00 or more within Iraq. It will not and can not happen this way due to the process of how the project to delete the zeros works. Do you understand? So to make such a high jump they would first have to change the program rate, which might cause massive inflation or deflation.

If they do not follow the process of deleting the zeros they are liable to have massive inflation/deflation which would destroy their economy. So if they just keep the rate exactly the same as it is today the economy can absorb the changeover much better. This is the most likely situation and the situation I am told will probably happen. I know these intel gurus tell you that the “purchasing power” of the dinar will increase after the project to delete the zeros, but I can assure you with 1000% accuracy this is not the plan and the CBI does not want this to happen so suddenly. Yes, they told us it will be gradual and they will slowly adjust the rate inside Iraq as they monitor the economy closely. Why would they not want to do this if they are a professional expert organization concerned about managing the economy correctly? So these intel gurus are full of shit! There will be no massive jump in purchasing power to the citizens.

I know how all these intel gurus for years and years have been telling you that there is going to be a huge revaluation within Iraq first and then it will be reinstated. Some have even lied to you telling telling you it RV’d already in Iraq at $9 and so now you know how this would be impossible and a very stupid thing to say or do. This only shows their ignorance of the entire process. But when you know the process, as you now do, you now know how the project to delete the zeros really works and you realize there is no real revaluation, only dropping the zeros and thus a need to launch notes with the zeros deleted off them. You now also know why the CBI MUST do it this way.

The key to better understanding the process of deleting the zeros:

Do not think too much into it and make more out of it than there is. Just understand my examples and explanation from above and you will be fine. I know, I know but you will want to tell Mnt Goat that the rate did change, it went from .000689 (not even a penny) to 69 cents and then in the other example from .000857 to .85 cents (very close to a dollar). But did you see how the rate just dropped three zeros? Yes, they just moved the decimal point 3 places. You must put yourself in the place of the average citizen holding a 25,000 bill versus a 25 bill. There will be an obvious difference in the purchasing power of these two bills pre-dropping the zeros versus post-dropping the zeros. But this is why the CBI must get the 25,000 and other three zero notes out of circulation first. But let’s assume they do get all the three zero notes off the streets.

Here are two questions we should be asking ourselves as investors in the Iraqi dinar:

Will be there be any difference in the rate of the dinar within Iraq , pre-project to delete the zeros versus post-project to delete the zeros?

Will be there be any difference in the rate of the dinar outside of Iraq pre-project to delete the zeros versus post-project to delete the zeros.

Final example: To answer these questions we must first them ask – what currency do you hold and if you are inside or outside Iraq? Do you hold the older three zero notes or the newer lower of the lower denomination notes? So, if you are in Iraq and you had a 25,000 dinar bill and went to the bank currency auction window pre-project to delete the zeros (at 1450 rate), they would give you $17.24 US dollars in exchange for US dollars. Of course there might be a slight spread to pay but this is insignificant to our understanding this example. So then, post-project to delete the zeros if you are in Iraq and you had a new lower denomination 25 dinar bill and went to the bank currency auction window they would give you $17.24 US dollars in exchange for US dollars. You see no change in rate, no revaluation. Right?

In the final examples:

If you are outside Iraq in the US and you had a 25,000 dinar bill and went to the bank either pre-project to delete the zeros (at 1450 rate) or post-project to delete the zeros (at 1450 rate), not yet reinstated on FOREX, they would give you $17.24 US dollars in exchange for US dollars. That is even if the bank wanted to exchange it at all since there is OFAC sanctions still in place.

If you are outside Iraq in the US and you had a 25,000 dinar bill and went to the bank post-project to delete the zeros and the dinar was reinstated on FOREX at $3.00 (the US rate of exchange), the bank could give you $75,000 US dollars in exchange for the one 25,000 Iraqi dinar note. That is OFAC sanctions will be lifted.

Story behind the infamous 25, 50 and 100 dinar notes:

The 50 dinar notes up until about 2014 were still partially in use even though they were cancelled in 2003 along with the 25 and 100 dinar notes, as they were of little use due to such low values at that time. For instance a 25 note was worth 1/4 of a cent, 50 note was worth 1/2 cent and the 100 dinar note worth a cent. But who deals in 1/4, 1/2 or even one cent in the market place in Iraq when items price tags are marked up to the whole numbers and rounded off. Even the 100 dinar notes worth 1 cent did not make any sense. So we can see the rollout of these initial denominations in 2003 was partially a flop and not very well received. So this alone indicates to us that it was never intended to go this long without completing the project to delete the zeros and thus realizing a realistic use for these three denominations.

In mid 2015 the CBI told us the 100 dinar notes would also be launched in early 2016 so we know they fully intended to complete the project to delete the zeros then.

Many ask me how I know this?

There are no secret sources telling me this. Yes, I have a CBI contact but they are tight lipped when it comes to this sensitive stuff. Instead, I rely on my many years in the Army Intelligence and the brainwashing they gave me during those years to look at raw data, tie it together and make connections. This is what the Army Intelligence Corps paid me to do. This is how I now use my abilities for you to try to help you understand all this. Remember reality is this – things just don’t happen. 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, as I showed you in my examples above.

Justification for January as the best timeframe to Reinstate the dinar:

The CBI even went further in the process in 2015 in anticipation to continue with the launching of the other notes too and the project to delete the zeros, however the project was postponed until (as they told us) EARLY in January of 2017. In early 2016 the CBI told us they were also postponing the launching of the 100 dinar notes until the situation was conducive. Did you read this article?

Also I want to jog everyone’s memory back to 2012. Remember the CBI told the citizens the same thing. That to expect the newer notes and coins to be launched that September 2012, In retrospect since this time the CBI and Dr Shabibi did tell us in many articles they planned to delete the zeros in early 2013. So they confirmed to us this was the plan all along. Do you see the trend?

So this is my justification for telling you we must wait again for this educational process to begin and to see the launching of the new notes and coins which would happen a couple months prior to the reinstatement. The project to delete the zeros must come first and then after they watch for inflation for some time period, they go ahead with the reinstatement which must fall at the beginning of their fiscal year, which is January, as they also told us. Timing is everything!

NOTE: -Do not put words in my mouth….I did not say the CBI is just going to “trigger” this thing and “launch” all the new notes all at once. I never said that and I still am not saying it. If it seems I did, then I apologize for your ignorance in misreading my intent of my words. Many of you have selective hearing and read into my newsletters to mean what you want it to mean. You get all hyped up from these other conference calls and then come to my newsletters looking for confirmation of their absolute madness and stupidity.

So something or some entity (I believe the IMF) had a conversation in 2015 with the CBI and told them to hold off due to ISIS terrorism and all the money laundering and counterfeiting. This became apparent if you read the SDA (Stand-By-Agreement) between the IMF and the CBI, which was signed right around the time they decided to back off on the continuing the process in the fall of 2015. So go figure!

Remember now the entire political and physical environment in Iraq had changed drastically under PM Abadi. The SDA forced Iraq into all the reforms for the money laundering and counterfeiting. Didn’t you read about all of this effort over the past 2 years? Also we now see ISIS threat is gone, as least to where the CBI needs to have the needed level of SECURITY. There is still the Iranian backed militias and “secret” security forces of Nori al-Maliki and they know they must deal with them too. But they had them too in 2012 and so will this effort hold up the RV? From what I just said what do you think? THINK, THINK, THINK! I do not have all the answers. God gave each of us a brain and so let’s all use it.

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.

Keep in mind that the 2012 article was an actual press release from the CBI and described each coin and bill in detail including the pictures on the front and back, as if they designs were already done.



June 2012

The Central Bank decided to adopt some of the landmarks and images to be placed on the new currency after the deletion of zeros.

The agency received a copy of the Central Bank’s book, which included cultural and historical landmarks and images to be placed on the currency with the implications of the nearby to the minds of the public and the culture of the Iraqi.


According to the book:

The paper currency included a number of monuments and images, the most important, a picture of the bridge of the imams and the significance of the significance of high value if the bridge reaches between the two sides of the Tigris River and on both sides of the observers Imam Musa Kadhim (p) and Abu Hanifa Numan (Raz).

200 dinar-The book of the bank entitled to the Directorate Nation for issuing cabinets: that this image allocated to the highest class of the new currency,

a category (200) dinars and two hundred dinars on the back of this paper put a picture of the school Mustansiriya in Baghdad.

100 dinar – He added the central bank: (100) dinars, one hundred dinars, pictures of the Zouaiya area in Baghdad, one of the ancient areas in which the bridge was built suspended one of the achievements of the Iraqi state .. Iraq is one of the leading countries in the construction of this type of bridges and shows in the picture building the Central Bank of Iraq , In addition to the building of the University of Baghdad, which is the oldest scientific institution in Iraq in the second half of the twentieth century, while on the back of the paper image (Zaqora), one of the features of the Iraqi architecture at the dawn of history.

50 dinar -The book of the Central Bank: (50) dinars (fifty dinars) picture of King Claudia one of the most famous kings of the dynasty The second pillar (the twelfth king) is the god of growth and fertility, while the back of the paper included a picture of the fortress of Ahkaydir, an archaeological fortress dating back to the Abbasid period and the unique defensive fortresses in a desolate area such as the one built there. This fortress is located to the southwest of the city of Karbala. central bank :

25 dinar – In the face of the paper of the category of (25) dinars (twenty five dinars) put the image of King Hammurabi receives the law .. This son is the father of the spiritual father of human legislation as he wrote the rules governing the life and transactions in his famous Muslim either the back of the paper has included a picture For the agriculture of Kurdistan Iraq contributes with the men in the preparation of the field of agriculture.

10 dinar – The Central Bank: Put on the face of the banknote of the category (10) dinars (ten dinars), the image of the dinar Arab Islamic and represents this dinar, which was minted under the Umayyad state The Islamic state that strikes inside the state is one of the features of the state Sovereignty and economic independence, while the back of the paper has placed a picture of the lighthouse of humpback in Mosul, one of the distinctive features of urban in our beloved Iraq.

5 dinar – In the category of (5) dinars (five dinars) has placed on the face of her paper a picture of a total waterfall on the Iraqi Kurdistan, a reference to the interest of the state water and its sources in addition to interest in tourism and the environment either the back of the paper has been placed a picture of Nakheel Iraq is a sign and property for each land The central bank said in writing:

In line with the best applications and global experiences, decided to stop the basic features of banknotes of the categories (25,000,10,000,5,000) dinars Currently in circulation in the new series (25,10,5) dinars for the public a thousand with it as it was imprinted in his memory.

(Mnt Goat – so the new smaller notes of 5,10 and 25 are replacing the 3 zero notes of 5,000, 10,000 and 25,000 accordingly. This is a 1:1 RV in Iraq. I said within Iraq, did you hear me? In addition they are also issuing a 50, 100, 200 dinar notes of smaller category. Remember they already issued the 50 notes way back in 2015 in the anticipation the reinstatement was going in January of 2016)


The Bank pointed out that it is keen to choose designs for coins that are general and comprehensive and have a positive impact on all the Iraqi people. The coins are shown on the map of Iraq and highlight the Tigris and Euphrates rivers. The map shows a circular area to stabilize the coin coin category.

Of the coins included: there are 4 new coins a 250 and 500 fils, 1 and 2 dinar

2 dinar coin – first category (2) dinars, a picture of (Deir Mti), a historic and spiritual site located in northern Iraq, and taken by the Iraqis from various sects and religions a place of tourism and tourism.

1 dinar coin – While the category (1) dinars picture taken from the fact that the displacement of the Faily Kurds was designed by the Ministry of Culture.

500 fils – (500 fils) was placed on a modern dam on the Euphrates River. It was intended to highlight the importance of water and its storage and organization in Iraq.

250 fils – In the category of (250) fils, pictures of the Kut dam were placed on the Tigris River for the same purpose. ) Fils, a picture of the Lion of Babylon symbol of strength and violence of the Iraqi nation.



Thursday March 14, 2019

The Central Bank published pictures of the currency and metal issued by the Central Bank of Iraq to trade after 2003 did not succeed, which was decided to cancel. 

The paper currency was withdrawn in the category of 50 dinars, which is from the issuance of 2003, which was the front face of the Basra silo and the back of the palm leaf. 

With the withdrawal of the currency with the issuance of 2004 of circulation for categories 25, 50 and 100 dinars for not circulated by the public.
The following are the pictures of these currencies and drawn by the Central Bank of Iraq:



(Remember this article is referring to the 250, 500 and 1000 bills not the other even smaller category bills as many intel gurus tell you. This is FACT not bullshit.)

November 2017

Baghdad / Al-Ghad Press: 
The Central Bank of Iraq called for the need to preserve the local currency, pointing to the strengthening of local banks IN LOCAL CURRENCIES OF SMALL GROUPS. 

A source from the Central Bank of “Al-Ghad Press”, said on Tuesday that “the bank calls for the preservation of the local currency and the strengthening of banks WITH SMALL GROUPS OF LOCAL CURRENCY,” pointing out that “the printing of the Iraqi currency and replace them cost large amounts of money,” calling on citizens to maintain bank notes when trading “.


The source said that “the Central Bank TO SHIP CASH FROM SMALL GROUPS TO GOVERNMENT BANKS AND PRIVATE BANKS HAVE BEEN DISTRIBUTED AMOUNTS given to banks during the month of November last year of the current (554,000,000) dinars (one hundred and fifty-four million dinars) category 1000 dinars and the amount of (202,500,000) Dinars (two hundred and two million five hundred thousand dinars) category of 500 dinars, “adding that” the Central Bank of Iraq pays to the Rafidain and Rashid Bank an amount of not less than (200 million) dinars (two hundred million dinars to change) in almost every withdrawal of its own assets.


Sept 10, 2018


Central Bank of Iraq

The Central Bank of Iraq announced its intention to raise large amounts of local currency, with small categories, while continuing to receive the damaged currency from the citizens and replace it with new.

The governor of the bank Ali al-Alaq said in a press statement: “The Central Bank to develop a plan to compensate the market small categories of local currency, as will be next month large quantities of huge ones,” noting that “these quantities will meet the need of the local market for those categories of currency.”

He added: “The bank continues to receive local currency damaged by citizens and replace them with new currencies,” pointing to the existence of a specialized committee to examine the damaged papers to ensure their safety from fraud and manipulation.



11/26/2017 12:00 AM

We are on the doors of the year 2018 or is the date of deletion of the three zeros of the Iraqi dinar a question addressed to the makers of monetary policy?

The past years have seen widespread debate about the advantages and disadvantages of deleting zeros.

Which brings this debate back to the forefront, but we are at the beginning of the road towards a rational economic reform that restores the country’s strength and strength after being subjected to several tremors almost paralyzed.

I see that the return of the subject delete the zeros to the forefront at a time when the steps of the reform calmly and slowly and unrivaled is a real vision to restore the real value of the Iraqi dinar to remain master of currencies at the level of local trading without rushing on the acquisition of the dollar to invest outside the country, and perhaps the advantages of the dinar equivalent with the dollar in terms of value, content and appearance of the debt to invest domestically, because it is difficult to invest currencies in the world outside the dollar as the currency of the most receptive and popular in transactions and investments.

This and other advantages lead to the adoption of consideration of this project and study the possibility of its application during the year 2018 as one of the basics of monetary and banking reform.

Perhaps follow the steps in reducing the exchange rate of the dollar gradually after the challenge of security will devote convictions and accept the deletion of zeros, which faced in a timely split between supporters and opponents because of poor understanding of raising zeros, and importance and advantages, especially when some believe that the deletion of zeros will reduce the size of the reserves of dinars because their view of their size is not to their true value.

It should be noted that monetary policy had followed a balanced and balanced plan to reduce the exchange rate of the dollar against the dinar and succeeded to some extent fixed on what it is now, where it was able to reduce from 200 thousand to 100 dollars to 120 thousand dinars and the goal to reach 100 thousand Dinars but circumstances prevented timely completion of the gradual reduction.

Today, it is easy for the Central Bank of Iraq to work on the principle of gradually reducing the exchange rate to the extent that it can be equivalent to the dinar against the dollar, so as to accept and digest the process of deleting zeros, so the advantage of reducing the size of money assured the owner to keep a small amount of cash with the bone market value and actual.

For this, the deletion of zeros or raise them from the Iraqi currency will make them enjoy these advantages in the field of compactness and commercial transactions and the risks are much lower than the large cash volumes.

The bottom line is that it is necessary to adopt the Central Bank of Iraq for the project to delete the zeros and work on its implementation from now in order to achieve the objectives of reducing the size of the monetary mass, and required a media program to devote convictions to the importance of this project.


Rafidain Bank in Dhi Qar confirms that the introduction of ATM depends on the currency

(I included this article that told us that the Automated Teller Machines (ATMS) in Iraq were part of the project to delete the zeros and were only supposed to be turned on when the project occurred. This of course did happen as they are turned them on with the 250, 500 and 1000 notes being now dispensed from them. This was in 2014. Oh…did you read that they already started the project to delete the zeros? Yes, they did in 2014 but remember it was put on-hold due to ISIS over running the country at this time. But this is still a very good sign to us and shows they are serious about doing the project. Remember the CBI refers to these categories are lower denominations too as they are planned to existed in circulation with the other even smaller category notes. )

December 10, 2014

Said the director of the Rafidain Bank in Dhi Qar Hussein Abbadi in a televised interview broadcast by the local Nasiriyah that the introduction of ATM in the markets and banks ARE SUBJECT TO THE IMPLEMENTATION OF THE DECISION TO DELETE ZEROS FROM THE IRAQI CURRENCY, pointing out that the Iraqi currency suffers from large inflation at the present time.



(I included this article for all those stupid intel gurus who still keep pushing this idea that the Iraqi fiscal year begins on Oct 1st. It does not and this article proves it begins on January 1st. This is import to establish as it is the premise of our January timeframe for the reinstatement.)

The Ministry of Finance has issued a decision to suspend public sector employment until the 2020 budget is approved.

A document published in a number of media outlets and seen by “Economy News”, said, “Stop the appointment of permanent owners or appointment sought as a contract or daily wage in all ministries and entities not affiliated with the Ministry and provinces as of December 31, 2019 to the end of the current fiscal year and to be considered after the enactment of the federal budget law for 2020 in light of the texts that will be received in accordance with the said law.”

The document also included the suspension of the transfer of staff services between ministries and non-ministry entities or their subsidiaries, whether centrally funded or self-funded, or the transfer of services from public companies, self-funded bodies and directorates to centrally funded departments AS OF 31 DECEMBER 2019 TO THE END OF THE CURRENT FISCAL YEAR.

The document confirmed the suspension of the procedure for granting bonuses and promotions to members of its formations and the suspension of the accounting of political separation and the service of lawyers, the service of the contract, the press service and the jihadi service until the enactment of the Federal Budget Law of 2020.

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