🇮🇶💵 CBI CONTACT: WHY COULD DELETE THE ZEROS BE THE KEY?
There is a lot of information circulating about Iraq’s liquidity crisis, cash being held outside the banking system, the growing money supply, and the future of the Delete the Zeros project.
According to what Mnt Goat says was discussed with her alleged CBI contact, these issues are closely connected to Iraq’s broader monetary reform and potentially to what many of us are watching for—the RV.
⚠️ IMPORTANT: The following reflects what Mnt Goat attributes to her contact and is NOT an official CBI confirmation of an RV or a new exchange rate.
📰 1️⃣ THE LIQUIDITY CRISIS
One of the main topics discussed was the growing amount of physical cash remaining outside the banking system.
Recent reports have warned that Iraq could face increasing pressure to print additional currency to cover salaries and avoid a deeper financial crisis.
But according to the contact, the problem is not simply getting money into the banks.
💡 The CBI already electronically deposits salaries and pensions into bank accounts.
The bigger problem is:
👉 How do you keep that money inside the banking system?
💳 2️⃣ WHY DOES THE MONEY LEAVE THE BANKS?
The contact reportedly explained that Iraq still depends heavily on cash.
Although POS systems and electronic payments are expanding, many businesses—especially in remote areas—still lack reliable 24/7 electricity.
When electronic systems cannot operate, businesses return to cash. 💵
Therefore, cash remains necessary for everyday commerce.
🔢 3️⃣ THE BIG ISSUE: LOWER-DENOMINATION NOTES
This was one of the most interesting points discussed.
According to the contact, a significant amount of the cash accumulating outside the banking system consists of 250, 500, and 1,000 dinar notes.
Why?
Because these notes are constantly used as change when citizens make purchases using larger denominations such as:
💵 5,000
💵 10,000
💵 25,000
💵 50,000 dinars.
People receive the smaller notes as change and often simply take them home and store them.
When enough people do this, the marketplace begins experiencing a shortage of lower denominations.
📈 4️⃣ WHY DOES THE CBI KEEP PRINTING THEM?
According to this explanation, the CBI continues needing to print lower denominations because they continually disappear from circulation.
And this creates a potential problem:
🔄 More small notes → more currency in circulation → increased money supply → greater monetary pressure.
The contact reportedly said larger notes are mainly being printed to replace damaged ones, while lower denominations remain the greater challenge.
Therefore, continuing to print more and more small notes could eventually make the underlying problem worse.
🧩 5️⃣ IT MAY NOT SIMPLY BE A "LACK OF TRUST"
Another important point from the conversation is that the problem has often been described as citizens simply not trusting the banks.
According to the contact, the situation is more complicated.
It involves:
🏦 Banking infrastructure
💵 Dependence on cash
⚡ Electricity limitations
💳 Incomplete electronic-payment adoption
📚 Financial education
🔢 Currency denominations
📊 Monetary logistics.
In other words, people may not necessarily be hiding money from banks; in many cases, the economy still requires cash to function.
🔄 6️⃣ WHERE DOES DELETE THE ZEROS COME IN?
This is where the discussion becomes particularly interesting.
According to the contact, Delete the Zeros could help address some of these issues by reorganizing Iraq’s currency denominations and eventually withdrawing certain notes from circulation.
The process would require an official exchange or conversion period.
Once the deadline expired, large amounts of currency remaining outside the banking system could potentially lose their validity.
This could also help the government identify or neutralize large accumulations of undeclared or illicit cash.
🚨 7️⃣ CORRUPTION AND CASH OUTSIDE THE SYSTEM
The contact reportedly indicated that one potential benefit of the process would be reducing the ability to use large amounts of cash accumulated outside the financial system.
But an important distinction must be made:
❌ Not all cash outside banks is stolen money.
Much of it may simply belong to citizens and businesses.
The key point is that a structured currency exchange could give the government greater control and visibility over cash remaining outside the banking system.
💵 8️⃣ WHAT COMES AFTER DELETE THE ZEROS?
This is probably the part most interesting to those following the dinar.
According to the reported conversation, once the currency conversion is completed, the next step would need to involve the international value of the dinar.
The discussion reportedly referenced:
🌎 Returning the dinar to international/FOREX trading
📈 Recognizing its effective value
💱 Consideration of the REER (Real Effective Exchange Rate)
🔄 And eventually a revaluation.
Again:
⚠️ This is what Mnt Goat says her contact explained. It is NOT an official CBI announcement that an RV is coming.
🏦 9️⃣ THE ROLE OF THE CBI, IMF, WORLD BANK & U.S. TREASURY
According to the account, the CBI has a plan that would require coordination and approval involving institutions such as:
🇮🇶 CBI
🌎 IMF
🏦 World Bank
🇺🇸 U.S. Treasury.
The idea presented is that Iraq would need to satisfy certain conditions before fully implementing such a major monetary transformation.
🛢️ 1️⃣0️⃣ THE OIL & GAS LAW — HCL
One of the obstacles identified in the conversation was the Oil & Gas Law (HCL).
The argument is that Iraq needs a clearer legal framework for the distribution and management of oil revenues.
This remains particularly important because oil continues to represent a major source of Iraq’s government revenue.
🛡️ 1️⃣1️⃣ SECURITY, MILITIAS & FACTIONS
The second major obstacle mentioned was internal security, particularly armed militias and factions operating outside full state control.
According to the account, greater stability and state control over weapons would be important conditions for certain international steps.
In other words:
HCL + SECURITY/STABILITY = two major issues reportedly identified as obstacles.
📊 1️⃣2️⃣ WHY NOT SIMPLY CHANGE THE EXCHANGE RATE?
The conversation also addressed proposals from some MPs to change the exchange rate directly as a solution to the crisis.
According to the contact, this could actually be counterproductive.
If the exchange rate is changed before the underlying problems are resolved, it could create:
📈 Higher prices
🔥 Inflation
💵 Market pressure
⚠️ Greater instability.
Therefore, the key principle would be:
DO NOT USE AN EXCHANGE-RATE CHANGE AS A SUBSTITUTE FOR ECONOMIC STABILITY.
🔥 1️⃣3️⃣ THE BIGGEST WARNING
According to the conversation, Iraq may be reaching a point where time itself is becoming a critical factor.
Iraq has discussed Delete the Zeros for years.
But while the project remains delayed, the CBI continues dealing with problems involving lower denominations, liquidity, and the money supply.
The concern is that a monetary structure originally designed to help manage inflation could eventually contribute to additional inflationary pressure if the supply of lower denominations continues expanding.
🔎 MY ANALYSIS
This is where I believe we need to separate what makes economic sense from what remains speculation.
There is a logical argument behind the discussion: a major monetary reform requires the infrastructure to support it.
Iraq needs:
🏦 A stronger banking system
💳 Greater electronic-payment adoption
⚡ Better electricity infrastructure
📊 Inflation control
💰 Better revenue management
🔢 Efficient currency denominations
🛢️ Economic reforms
🛡️ Security and stability.
And this connects with something we have been seeing repeatedly in recent reports:
IRAQ NEEDS TO BUILD STABILITY BEFORE EXECUTING A MAJOR MONETARY TRANSFORMATION.
Delete the Zeros should not be viewed as a magic solution that automatically creates wealth.
The reform must work within an economy prepared to absorb it.
🇮🇶💵 MY OPINION
And this is where my opinion aligns with the central point of this conversation:
AS I HAVE ALWAYS SAID: STABILITY MUST COME FIRST! 🔥
If Iraq wants Delete the Zeros—and eventually an RV—to function properly inside the country, it first needs to make sure the reform does not trigger a surge in inflation, prices, or costs.
It is not simply about changing banknotes.
It is about preparing the entire economy for the transformation.
That is why, in my view, the most important thing is not simply hearing the words "RV" or "Delete the Zeros."
What matters is watching whether Iraq continues making progress in:
✅ Stability
✅ Banking reform
✅ Digitalization
✅ Liquidity management
✅ Non-oil revenues
✅ HCL
✅ Security
✅ International financial integration.
If these pieces continue falling into place, then we may be watching something much bigger than another headline:
THE BUILDING OF THE ECONOMIC FOUNDATION NEEDED FOR A FUTURE IRAQI DINAR TRANSFORMATION TO FUNCTION PROPERLY. 🇮🇶💵📈
👀 The RV is NOT confirmed. But the conditions that could potentially make it possible are exactly what we should continue watching.
FIRST THE STABILITY. THEN THE TRANSFORMATION. 🇮🇶🔥💵
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SOURCE: https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/