Why the New Parliament and the CBI Are Back in the Spotlight
By Ariel (@Prolotario1)
Commentary based on Frank26
🏛️ “The New Parliament Has Less Cockroaches”
Frank26 does not mince words.
According to his assessment, Iraq’s new parliament is significantly cleaner than previous versions — and that is exactly why talk is growing louder about removing Ali Alaq from the Central Bank of Iraq (CBI).
In Frank26’s view, Alaq represents resistance to the new exchange rate, not progress toward it.
🏦 Why Alaq Is Seen as the Obstacle
Frank26 claims:
Alaq aligned for years with U.S. pressure
Now appears aligned elsewhere
No longer fits the direction of the new reform agenda
Whether one agrees or not, the political narrative inside Iraq is shifting — and leadership alignment matters when executing monetary reform.
🔑 “Nothing Makes Sense Without the Exchange Rate”
This is the core of Frank26’s message.
According to him:
All economic preparation is complete
Banking reforms are in place
Digital systems are ready
Trade frameworks exist
Yet none of it functions properly without a new exchange rate.
“Everything needs a new exchange rate.”
🧩 Why the Delay Feels So Frustrating
Frank26 highlights a contradiction many observers feel:
Massive preparation ✔️
Infrastructure ready ✔️
Legal frameworks advancing ✔️
Exchange rate ❌
In his view, this delay is not technical — it is political.
🇮🇷 Iranian Influence: The Sticking Point
Frank26 believes the reform “refuses to come out” because of Iranian influence inside Iraq’s institutions.
This influence:
Slows decision-making
Creates internal resistance
Delays final authorization
However, he also suggests that influence is weakening, especially with a cleaner parliament.
❓ Question Answered: What About Old Dinar Notes?
A common and important question was raised:
“Will older dinar notes — especially pre-2003 — be exchangeable?”
Frank26’s answer was clear.
💴 Which Dinar Notes Matter?
According to Frank26:
❌ Notes with Saddam Hussein’s face
→ Collector’s items only✅ Notes without Saddam’s face (including Swiss notes)
→ Likely exchangeable
This distinction has been consistent across multiple reform cycles.
🧠 Why This Matters Now
As Iraq approaches:
Parliamentary consolidation
CBI leadership scrutiny
Monetary policy execution
Questions about note validity and exchange readiness naturally increase.
⭐ Featured Snippet
Frank26 says Iraq’s economic reforms are complete, but nothing functions without a new exchange rate, which he believes has been delayed primarily by political and Iranian influence.
❓ Q&A: Frank26 Perspective
Q: Why is Ali Alaq under pressure?
A: Frank26 believes he is resistant to implementing the new exchange rate.
Q: Is Iraq technically ready for a new rate?
A: According to Frank26, yes — all preparation is complete.
Q: What’s delaying the exchange rate?
A: Political interference, particularly Iranian influence.
Q: Are pre-2003 dinar notes exchangeable?
A: Only notes without Saddam’s image; Saddam-era notes are collectibles.
🧭 Final Thoughts
Whether one agrees fully with Frank26 or not, his message reflects a growing sentiment:
The system is built. The wait is political.
As influence shifts and leadership tightens, pressure increases for the final piece — the exchange rate — to emerge.
Preparation without execution cannot last forever.
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Frank26
The new parliament has less cockroaches now...That's why they are saying it's time to get rid of Alaq at the CBI. He is the enemy of the new exchange rate...
He was saying yes to the United States of America for the longest time. But now that he's kissing the ass of some other jerk...he's not our guy anymore. He's got to go.
Everything is ready. I don't know of anything that needs to be done. If I did I'd tell you...Nothing makes sense without the exchange rate...Everything needs a new exchange rate.
It's amazing how so much preparation has been set up for something that refuses to come out. It refuses to come out because of the Iranian influence...
Question: "Do you know if the older dinar will be exchangeable, [the ones] before 2003?"
No. If the currency you have has the face of Saddam, it's a collector's item. If it does not have the face of Saddam, the Swiss note...then you are probably going to be okay...