11-2-2025 Intel Guru Frank26 Article quote: “The banking reforms in Iraq have entered advanced stages. The central bank governor Alaq confirmed…there is a broad response from most banks to join the banking reform in Iraq and he set a date for its final implementation noting the reform process has entered an advanced stage.” Straight from the horse’s mouth. I’d like to say I’ve been vindicated.
11-2-2025 Newshound Guru Sandy Ingram Five entities that could be accused of holding up the IQD revalue. You decide who’s to blame. 1. The United States because they keep insisting Iraq stop holding hands with Iran… 2. The IMF because Iraq has not yet checked all the boxes for economic stability outside of the oil industry. 3. The CBI because the banking system has not yet fulfilled its obligation to bring the banking system into compliance with the international banking standards. 4. The Iraq government because…they earn in US dollars but they spend in Iraqi dinar. 5. The Iraqi people…because they refuse to put their banknotes or their currency into the bank. No central bank in the world can revalue a currency or control the flow of currency when they do not have access to the currency. Two of these actors are more serious…the other three could be considered a work in progress.
11-2-2025 Newshound Guru Militia Man Alaq…is talking final implementation. There’s no more planning. There’s no more trials. It’s on. It’s ready to go. When he says, ‘within 5 years or sooner,’ that means anytime now…I think it’s their call now…’We’ll show you anytime we choose.’ …What I get from it is it’s not in the US Treasury’s hands anymore. It’s not in the Bank of International Settlements hands anymore. It’s not in the IMF’s hands anymore. Why? Because they probably gave them grace to do it. Now it’s in their choice. You’re ready. You’ve proven you’re ready. When it’s best for you, show it… Effectively it’s Iraq’s call now. [See Guru Militia Man’s “5-years” 11-1-2025 post below]
11-2-2025 Newshound Guru Clare Article: “Central Bank: Banking sector reform in Iraq has entered advanced stages” Quote: “The Central Bank is now working intensively on two plans: the first to reform the government banking sector, and the second to reform private banks, in cooperation with an international company…A meeting was held with all banks, and we explained that this plan is not an option, but rather a path linked to local and international legal, regulatory, financial and digital requirements that cannot be ignored, and there is a strong determination to implement it.”
11-2-2025 Intel Guru Frank26 [Iraq boots-on-the-ground report] OMAR: The certificate of the Central Bank of Iraq they just received is an international IOS 301 certificate. This certificate is a recognition that the CBI has met all the international banking standards. It is a big nod towards their effort in aligning with global best practices and it should boost international confidence in the banking sector of Iraq. FRANK: I know it was big. I consider it to be a wonderful step in the monetary reform. Like you say, this tells the whole banking world…financial community, especially the Middle East, that now you can trust Iraqi banks…the Iraqi dinar…These are exciting time…We should see the exchange rate before the elections. That means we’re looking at about 12 days or less.
11-2-2025 Intel/Newshound Guru MarkZ [via PDK] Iraq is continuing to check off things on the checklist. It is overwhelming all the news coming out of Iraq.
11-2-2025 Intel Guru Bruce [via WiserNow] …redemption centers is where the real money is and where the real rates are…compared to the bank, which is low rates, and I already know what they are… and you’re going to come out so much better at the redemption center. It’s not even funny.
11-2-2025 Newshound/Intel Guru Mnt Goat …there is not a lot of meaningful news…to report on the removing of the zeros. Everything seems to be waiting mostly to see the outcome of the Iraqi elections. Who will be the next prime minister, his key cabinet members, speaker and president.
