FAQ

Iraq has an official rate, used for approved imports and government transactions, and a parallel market rate used by people without bank access, for restricted cross-border trade, and by those who want physical dollars. Strict rules on US dollar transfers and high demand for cash help explain the gap between the two.

No. The Central Bank of Iraq (CBI) has repeatedly denied revaluation rumors and has said it has no plans to change the rate under current conditions. It has also denied "delete the zeros" rumors, saying such a change needs long-term legal and technical planning and would not raise purchasing power. See cbi.iq for official statements.

RV is short for revaluation, an official increase in a currency's value. Many guru updates discuss a possible dinar RV, but nothing is confirmed unless the Central Bank of Iraq announces it.

Deleting zeros means removing zeros from banknote values (for example, 1,000 dinars becoming 1). On 26 August 2026 the CBI denied reports that lower-denomination notes had been printed. Any future restructuring would need extensive legal, regulatory and technical steps, and no implementation is underway.

It is highly speculative and risky. The dinar is not freely traded on global forex markets, its value depends on oil income and regional stability, and revaluation-promise scams have targeted foreign buyers. Converting dinars outside Iraq is also difficult.

The CBI has banned cash US dollar transactions in domestic trade, so dinars must be used. It is also working to connect Iraqi banks to international channels and to enforce stricter anti-money-laundering rules for foreign transfers.

Iraq's economy is largely cash-based. Travellers usually bring US dollars or euros and exchange them at official offices or banks in Iraq. Exchanging dinars abroad is very hard because major banks and exchange services generally do not handle them. See our CBI exchange instructions page.

Yes. The CBI announced that state institutions and government offices must become fully cashless by July 2026, to promote electronic payments and confidence in banks.

Yes. Rules effective 15 July 2026 let commercial banks pay out dollar deposits and international remittances in cash.

The budget uses a baseline of 1,300 dinars per US dollar, while the daily official transaction rate is 1,310. The CBI says no major revaluation or structural rate change is planned in the near term.

Use our currency calculator for a quick estimate. It is for general reference only, not for trading.

Dinar Opinions is a news and opinion site that collects daily Iraqi dinar guru updates, video recaps and Iraqi economic news in one place, so you do not have to visit many sites.

Most posts summarise or link to what well-known dinar commentators (the "gurus") are saying. Each post names its source. We do not claim these views as our own.

New guru updates and recaps are posted every day, usually several times a day. Check the date on each post.

No. We are an independent site. For official information use the Central Bank of Iraq at cbi.iq.

A dinar guru is an online commentator who shares news, opinions and predictions about the Iraqi dinar (IQD). Their views are personal opinions, not official statements.

No. Treat every update as a rumor until the Central Bank of Iraq or another official source confirms it. We report what commentators say; we do not verify their claims.

We cover a range of well-known commentators, each with their own section. Use the Iraqi Dinar Guru menu or the guru directory on the home page.

Open the Iraqi Dinar Guru category and choose the guru, or use the search box at the top of the site.

They use different sources and make different guesses. Compare several, and rely on official announcements before making any decision.

Be careful. Many sellers charge high prices or promise things they cannot deliver. Compare rates with official ones, check reviews, and never send money to someone who pressures you to hurry.

Many banks do not buy or sell dinars. Ask your bank first. Some people use a licensed currency dealer, but check that the dealer is real.

Warning signs are guaranteed profits, "secret" revaluation dates, pressure to pay fast, and requests for gift cards or crypto. Real exchanges do not work that way.

Official steps come only from the Central Bank of Iraq. See our CBI exchange instructions page and compare it with cbi.iq.

Use the search box, or open a category from the menu. Posts are listed newest first.

Yes. If the notification prompt appears in your browser, allow it. You can also follow us on Facebook, X, Pinterest or YouTube from the links in the header and footer.

Yes. Use the share buttons under each post.

Use the contact page and tell us the address of the page and what is wrong.

Please do not copy posts in full. You may quote a short part and link back to the original.

No. Nothing on this site is financial, investment or legal advice. Currency holdings carry risk, so speak to a licensed adviser before making decisions.

No. All predictions, dates and rumors come from third parties and may be wrong.