Militia Man

Iraq’s electronic payment systems have been steadily reducing the amount of physical cash circulating on the street of the last 5+ years.  The data shows clear measurable progress…Pre-2020 baseline cash was dominant, 99% transactions with high reliance on physical dinar notes…Move forward…2023 CBI reported cash circulation dropped 20% to 30% from 2018…By late 2025, cash dependency fell to 65% of payments from 95% in 2020...The reduction in cash is ever going until they go cash-less… Current year 2026, cash on the street continues to decline as digital dinar pilots expand and private sector adoption grows…Lower cash reliance strengthens the CBI’s ability to manage the peg and prepare for potential managed REER  adjustments…Electronic systems are successfully pulling cash off the street and the pace is accelerating… :Militia Man