Mnt Goat
It is going to happen and it is in the plan for Iraq and part of the bigger RESET picture. These larger notes we hold are going to stay legal tender and used for inter-banking transactions of large amounts, when cash is needed. The CBI told us this many times.
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π¨ Iraq, Currency Reform & The Global RESET Picture π°π
I believe what is happening in Iraq is not an isolated event, but part of a much larger global financial restructuring that many refer to as a “RESET.” π¦π
From my perspective, Iraq’s monetary changes are connected to broader shifts in banking systems, international settlements, and the modernization of global finance over time.
π΅ I also believe that the higher denomination Iraqi dinar notes I hold are not going to disappear, but will continue to exist as legal tender, especially for:
π¦ Interbank transactions
π° Large-value transfers
π High-value settlements where physical cash may still be needed in specific cases
π’ Based on what has been communicated through the Central Bank of Iraq (CBI), I understand these changes as restructuring and modernization of the system, not the elimination of value or an immediate replacement of all existing currency.
π In my view, this transition is not expected to happen overnight, but gradually, with multiple layers of the financial system operating at the same time:
Digital banking systems π³
Traditional banking transfers π¦
Limited use of physical cash π΅
⚠️ Of course, I also recognize that interpretations vary, and ultimately only official policies and confirmed implementation will define how any currency reform unfolds.
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