CBI Cash Cleanup & Reinstatement – Key Highlights
Cash Cleanup Underway:
Insider reports suggest the Central Bank of Iraq (CBI) is actively removing old or excess currency from circulation to prepare for a potential monetary reset.Countdown to Reinstatement:
Market watchers indicate a structured timeline may be in place for reintroducing recalibrated dinar notes.Objective:
The cleanup aims to curb counterfeiting, stabilize liquidity, and pave the way for a smoother redenomination or currency recalibration.Market Signals:
Early signs include increased bank cash withdrawals, temporary FX volatility, and strategic coordination with commercial banks.Investor Implications:
Traders and holders of the Iraqi dinar should stay alert for official CBI announcements and monitor liquidity changes closely.