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๐ฎ๐ถ๐ฅ KIRKUK & ARTICLE 140: A KEY FILE IRAQ CANNOT IGNORE
๐ฐ THE NEWS: Kirkuk Governor Mohammed Samaan has clarified his recent comments regarding Article 140, emphasizing that they were not directed against any particular community and reaffirming the historical relationship between Kurds and Turkmen.
⚖️ The underlying issue, however, remains significant. Disputes over land ownership in Kirkuk continue to create legal obstacles for the governorate, including difficulties distributing residential plots to employees.
๐ฐ At the same time, Kirkuk reportedly has around 250 billion IQD in outstanding obligations to contractors, and the governorate is working with Baghdad to secure funding to address those debts.
๐ WHY ARTICLE 140 MATTERS
Article 140 provides the constitutional framework for addressing the status of Kirkuk and other disputed territories through normalization, a census and a referendum. The process remains unresolved, making Article 140 one of Iraq's most sensitive constitutional issues.
๐ฅ MY OPINION:
I believe Article 140 is one of the major structural files Iraq needs to resolve before any major monetary transformation or RV of the Iraqi dinar can realistically be considered.
And in my view, it belongs in the same conversation as the HCL / Federal Oil & Gas Law.
Why? Because these aren't simply isolated political issues. They involve territory, natural resources, revenue distribution, federal-regional relations and long-term economic stability.
๐บ️ Article 140 → disputed territories & Kirkuk
๐ข️ HCL → oil, gas & revenue distribution
๐ฐ Budget framework → government obligations & regional entitlements
๐ฆ Banking reform → financial modernization
๐ฑ Monetary reform → the future framework of the IQD
๐ THIS IS WHY KIRKUK MATTERS
Kirkuk sits at the intersection of Iraq's political, territorial and economic questions. Leaving major constitutional disputes unresolved creates uncertainty over administration, property, resources and relations between Baghdad and Erbil. Recent reporting continues to describe Article 140 as an unresolved constitutional issue and the agreed framework for addressing Kirkuk's status.
So when we see renewed discussion about Article 140, I don't view it as just another political headline.
๐ฎ๐ถ I see it as another piece of the larger Iraqi restructuring process.
⚠️ IMPORTANT DISTINCTION: There is no official evidence that Article 140 must legally be completed before the CBI can change the exchange rate. A future IQD revaluation would be a monetary decision of the Central Bank and Iraqi authorities. My point is about economic and political readiness, not a confirmed legal prerequisite.
๐ฅ BOTTOM LINE:
If Iraq wants to move toward a stronger, more integrated financial system, resolving its major structural disputes would provide a much more stable foundation.
Article 140 + HCL + budget/revenue agreements + banking reform + monetary reform are all pieces of the bigger picture.
๐ฎ๐ถ๐ฑ The question isn't only whether Iraq can change the value of its currency. The bigger question is whether Iraq is completing the political, legal and economic framework needed to support a major monetary transformation or RV of the Iraqi dinar.
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๐ฎ๐ถ๐ฆ CBI CONTACT: URGENT ACTION ON IRAQ’S CURRENCY REFORM
According to the CBI contact, these are the key points:
๐ด 1. Currency Shortage
The shortage of 250, 500 and 1,000 IQD notes, along with large amounts of cash held outside banks, is considered “critical” and “urgent.”
๐ฐ 2. Hoarded Cash
The contact said significant amounts of these notes remain outside the banking system, creating liquidity problems.
๐ฆ 3. The Real Problem
According to her, the challenge is not simply getting money into the banks, but keeping it inside the banking system.
๐ 4. Plan to Remove the Zeros
The CBI is reportedly considering a process to remove the zeros, establish a deadline for exchanging old notes, and then introduce new lower denominations and coins.
๐ 5. Draft Legislation
The contact confirmed she attended a meeting with government officials, financial advisers and CBI representatives to review legislation related to removing the zeros.
๐️ 6. Parliament
According to her information, the legislation was prepared and forwarded to Parliament for the next stage.
⚖️ 7. Can the CBI Reject It?
Yes. The contact explained that the CBI retains authority over currency issuance and could reject the process, but she believes this is unlikely at this stage because of prior discussions with the government.
๐ต 8. What Comes Next?
The CBI would ultimately need to determine when and how the currency exchange would take place, along with measures to protect monetary stability.
⚠️ IMPORTANT: These statements come from an alleged CBI contact cited by MNT Goat and do not constitute official confirmation from the Central Bank of Iraq of an upcoming revaluation or implementation date.
๐ฎ๐ถ๐ฑ The focus now is on Parliament—and ultimately, an official announcement from the CBI.
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๐ฎ๐ถ๐ฐ 97 TRILLION IQD OUTSIDE IRAQ’S BANKING SYSTEM — A MAJOR REFORM CHALLENGE
๐ฐ THE NEWS: A new report from Shafaq News highlights the enormous amount of Iraqi currency circulating outside the banking system.
๐ต According to financial expert Mahmoud Dagher, around 105 trillion IQD has been issued, with approximately 8 trillion IQD inside banks and roughly 97 trillion IQD outside the banking system.
⚠️ But there is an important distinction: 97 trillion IQD does NOT mean 97 trillion is sitting in people's homes.
Dagher estimates that around two-thirds of the cash outside banks is actively used for transactions such as merchant payments, real-estate purchases and salaries, while roughly one-quarter may represent actual hoarding.
๐ฆ WHY IS THIS IMPORTANT?
Prime Minister's financial advisor Mazhar Muhammad Saleh says cash remaining outside banks limits the banking sector's ability to:
๐ฐ Attract savings
๐ฆ Provide credit
๐ Finance businesses and investments
๐ผ Create productive economic activity
๐ Improve financial transparency
The problem, therefore, isn't simply the existence of cash. The bigger issue is when cash becomes the preferred method for storing wealth and conducting transactions, keeping money outside the formal financial system.
๐ณ IRAQ IS TRYING TO CHANGE THIS
The Central Bank is promoting:
๐ฑ Electronic payments
๐ณ Payment cards
๐ฒ Digital wallets
๐ช Points of sale
๐ฆ Financial inclusion
๐ Greater confidence and protection for depositors
Iraq reportedly has 72 operating banks, including 7 government banks and 65 private banks. Yet having more banks doesn't automatically mean people will use them for savings, payments and financing.
๐ฅ MY TAKE:
This is another important piece of Iraq's broader financial transformation.
If Iraq wants to modernize its economy and eventually make major changes to its monetary system, it needs to know where its currency is, how it moves, and how much is actually circulating versus being held as cash.
๐ And this is where the Delete the Zeros discussion becomes particularly interesting.
A currency redenomination would involve replacing large denominations and could potentially create an opportunity to bring more physical currency into the formal banking system—but this article does NOT say that a Delete the Zeros project is being implemented.
๐ฎ๐ถ The bigger picture is clear:
๐ต Cash economy → ๐ฆ Bank deposits → ๐ณ Digital payments → ๐ฐ Credit → ๐ Investment → ๐ญ Production & jobs
That is the transition Iraqi policymakers appear to be trying to encourage.
⚠️ IMPORTANT: The 97 trillion IQD figure should not be interpreted as 97 trillion hoarded dinars. The article specifically explains that much of this cash is actively circulating through the economy.
๐ฅ BOTTOM LINE: Iraq's challenge isn't simply getting cash into banks. It's building enough trust and modern financial infrastructure to make banks the preferred place to save, transact, invest and finance the economy.
๐ฎ๐ถ๐ฑ And if Iraq eventually pursues major monetary reform, having greater visibility and control over the currency circulating outside the banking system could become extremely important.
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๐ฎ๐ถ๐ฑ๐ฅ TNT TONY: CLAIMS IQD RATE IS “REAL-TIME” — WEEKEND WATCH
According to TNT Tony, sources allegedly claim the IQD exchange rate is already active in real time, although banks and ATMs may not yet be displaying the rate publicly.
๐ฆ He says some banking personnel can reportedly see the rate, while others cannot, and that banks are scheduled to work through the weekend.
๐ Tony claims the IMF, UN and Federal Reserve have allegedly indicated that the rate has been active for several weeks, but that other currencies may need to stabilize before changes become visible.
⏰ He also claims Iraq may have crossed a final obstacle and suggests the new rate could become visible during the weekend.
๐ The report continues to anticipate the release of an 800 number directing participants to exchange centers.
๐ฐ Tony also discusses possible differences between exchange centers and bank exchanges regarding taxation and potential NDAs.
๐ฅ BOTTOM LINE: Tony believes the next major development could happen Saturday or Sunday, with Iraq potentially seeing the new rate first.
⚠️ IMPORTANT: These are unverified claims from TNT Tony. There is no official confirmation from the CBI, IMF, UN, Federal Reserve, or Iraqi government that the IQD has been revalued or that an 800 number is being released.
๐๐ฎ๐ถ The weekend is now the focus—but official confirmation is what matters.
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๐ฎ๐ถ๐ฑ๐ฅ TNT TONY: AFIRMA QUE LA TASA DEL IQD ESTร “EN TIEMPO REAL”
Segรบn TNT Tony, fuentes aseguran que la tasa del IQD ya estarรญa activa en tiempo real, aunque algunos bancos y cajeros todavรญa no pueden verla.
๐ฆ Afirma que parte del personal bancario puede visualizarla y que los bancos estarรกn trabajando durante el fin de semana.
๐ Tambiรฉn sostiene que el FMI, la ONU y la Reserva Federal supuestamente han indicado que la tasa lleva activa varias semanas, mientras otras monedas esperan estabilizarse.
⏰ Tony cree que Iraq podrรญa haber superado su รบltimo obstรกculo y que la nueva tasa podrรญa hacerse visible durante el fin de semana.
๐ Tambiรฉn continรบa esperando la posible liberaciรณn del nรบmero 800 para dirigir a los participantes a centros de cambio.
๐ฅ EN RESUMEN: Tony considera que el prรณximo gran movimiento podrรญa ocurrir sรกbado o domingo, y que Iraq podrรญa ver primero la nueva tasa.
⚠️ IMPORTANTE: Son afirmaciones no verificadas de TNT Tony. No existe confirmaciรณn oficial del CBI, FMI, ONU, Reserva Federal o gobierno iraquรญ de que el IQD haya sido revaluado o que exista un nรบmero 800.
๐๐ฎ๐ถ El fin de semana estรก en la mira, pero la confirmaciรณn oficial serรก la clave.
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๐ฆ๐ฎ๐ถ CBI ACCELERATES IRAQ’S BANKING & FINANCIAL MODERNIZATION
๐ฐ NEWS SUMMARY
The Central Bank of Iraq (CBI) continues working on a broader modernization of Iraq’s banking system, with recent initiatives focused on international compliance, banking risk management, digital payments and financial-sector reform.
One important area is OFAC sanctions compliance, which is significant because Iraqi banks need stronger procedures for identifying and managing transactions that could create international compliance risks.
๐ At the same time, the CBI has been strengthening training in credit-risk management under Basel III, bringing Iraqi banking practices closer to internationally recognized prudential standards.
๐ณ The CBI is also continuing its push toward digital payments, including discussions on regulating digital-payment activities and expanding electronic financial services. The CBI's own website currently highlights digital-payment development, banking reform and the integration of Iraqi banks into the global financial system among its active priorities. (ุงูุจูู ุงูู ุฑูุฒู)
๐ฅ WHY DOES THIS MATTER FOR THE IQD?
This is important because monetary reform doesn't happen in isolation. If Iraq wants a stronger and more internationally connected dinar, its banking infrastructure must also become stronger.
๐ฆ Banking reform → stronger institutions
๐ก️ OFAC compliance → better international transaction controls
๐ Basel III → stronger risk management and banking stability
๐ณ Digital payments → less dependence on physical cash
๐ Financial supervision → greater transparency
๐ International integration → easier participation in the global financial system
The CBI also lists a dedicated Banking Reform Project, banking supervision, risk management, compliance and international cooperation among its institutional functions. (ุงูุจูู ุงูู ุฑูุฒู)
๐ฑ THE CONNECTION TO THE DINAR
For those watching the possibility of an IQD monetary reform, this is one of the areas worth monitoring.
A major change involving Iraq's currency would require banks capable of handling:
๐ต Currency conversions
๐ฆ Customer accounts and balances
๐ณ Electronic transactions
๐ International transfers
๐ Compliance requirements
๐ Financial reporting
๐ก️ Risk controls
In other words, the banking system has to be prepared to support whatever monetary framework the CBI ultimately chooses.
๐ BUT HERE'S THE IMPORTANT DISTINCTION
These developments do NOT confirm an IQD revaluation.
They also do not establish that the CBI has approved a specific new exchange rate or an imminent “RV.”
What they do demonstrate is that Iraq is continuing to build a more regulated, digitally connected and internationally compatible financial system.
๐ฅ MY TAKE
The most interesting part is the convergence of reforms.
๐ฎ๐ถ Iraq isn't only talking about the dinar.
๐ฆ It's reforming the banking sector.
๐ณ It's expanding digital payments.
๐ก️ It's strengthening compliance.
๐ It's improving risk management.
๐ It's working toward deeper international financial integration.
That doesn't guarantee an RV—but these are exactly the types of financial foundations that would matter if Iraq eventually makes a major change to its monetary or exchange-rate framework.
๐ OFFICIAL SOURCE: Central Bank of Iraq
URL: https://cbi.iq/news/view/3291
๐ฎ๐ถ๐ฑ The question isn't simply whether Iraq will change its currency. The bigger question is whether its financial system is being prepared to support a new monetary era.
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๐บ๐ธ๐ฅ MIKE BARA RV INTEL — AUGUST 22, 2026
According to notes from Ginger Doucet, Mike Bara says his sources are reporting potentially positive developments for today and the coming days.
๐ฐ THE “WHITE SHARK” & THE BROKER
๐ฆ The “Uber White Shark” is reportedly waiting for payment and has allegedly been told he will be paid, although the exact timing remains unclear. Monday, August 24, was mentioned as a possibility.
๐ต The liquidity reportedly moving toward him is described as massively larger than the broker’s, while the broker is also expected to be very well compensated.
๐ฆ THE BROKER
According to the report, the broker was allegedly told verbally today:
“You will be paid today.”
He is reportedly waiting for the payment rather than additional paperwork and is said to have connections to highly placed sources.
⏰ WHAT ABOUT US?
Mike reportedly said that we would come after they do—possibly a day, several days, or later.
๐๐ฅ This suggests the people following this narrative are watching the next few days very closely.
⚠️ IMPORTANT: These are unverified RV claims and reported intel, not official confirmation of payments, currency revaluation, or a Global Currency Reset. No independent evidence is provided here to verify the claims.
๐ฎ๐ถ๐ฑ The next few days could be interesting—but official confirmation remains essential.
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๐ฎ๐ถ๐ฅ IS IRAQ ADDING ANOTHER REASON FOR “DELETE THE ZEROS”?
๐ฐ THE NEWS: Al Araby reports today that Iraq’s plan to remove zeros from the dinar is back in focus, now linked to bringing large amounts of cash into the banking system, verifying its source, and fighting corruption and money laundering.
๐ FULL STORY: Al Araby — Delete the Zeros & Anti-Corruption
๐ฅ ANALYSIS:
This adds another potential justification for monetary reform. The goal would not simply be to simplify currency denominations, but also to bring cash held outside the banking system back into the financial system.
๐ฐ The article reports that more than 94 trillion dinars are held by the public, compared with about 7.3 trillion dinars in banks. A currency replacement could encourage large cash holders to use the banking system and face greater financial scrutiny.
⚠️ IMPORTANT: This does NOT confirm implementation, a new exchange rate, or an RV. Iraq has not officially announced an implementation date.
๐ MY TAKE: Iraq is building a broader economic and financial case that could support the Delete the Zeros project if authorities ultimately decide to move forward.
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JON DOWLING
๐ฎ๐ถ๐ฅ WEEKLY RV REPORT — IRAQ’S REFORM & SEPTEMBER DEVELOPMENTS
The latest weekly RV report highlights several developments the report considers important for Iraq’s political, financial and security future.
๐ฆ 2027 KRG BUDGET
The KRG Ministry of Finance reportedly finalized its 2027 federal budget proposal and submitted it to Baghdad after weeks of discussions. Recent reporting confirms that the Region is seeking its constitutional financial entitlements, including salaries and other obligations. (BasNews)
๐ฐ IRAQ’S FINANCIAL REFORMS
Prime Minister Al-Zaidi says Iraq is working on a broader economic reform program while preparing the 2027 budget. The government is focusing on financial savings, stronger revenue collection, electricity reform, solar energy and reducing vulnerabilities caused by oil-export disruptions. (CHANNEL8)
๐ก️ SECURITY & STATE AUTHORITY
The report places major emphasis on Iraq’s efforts to bring weapons under state control and reduce the influence of armed factions. This remains one of the government's major sovereignty and security challenges.
⚖️ ANTI-CORRUPTION
The report also connects Iraq’s political and economic reforms with continued efforts to investigate corruption, recover public funds and strengthen government institutions.
๐ด IQD & CURRENCY REFORM
The report continues to anticipate a possible official exchange-rate change, along with other monetary reforms such as new notes and coins.
⚠️ However, an important distinction must be made: there is currently no official CBI confirmation of an imminent IQD revaluation or new exchange rate. A genuine rate change would need to be announced by Iraqi authorities and/or the Central Bank of Iraq.
๐ THE BIGGER PICTURE
What makes this period interesting is that several major areas are moving simultaneously:
๐ฆ Banking and financial reform
๐ฐ 2027 budget preparation
๐ข️ Oil and revenue management
⚖️ Anti-corruption efforts
๐ก️ State control over weapons
๐ณ Financial modernization
๐ International economic integration
๐ SEPTEMBER IS BEING WATCHED CLOSELY
The report repeatedly points to September as a potentially important period for developments in Iraq and the broader financial system.
But ๐ timelines mentioned by commentators should be treated as predictions, not confirmed deadlines.
๐ฅ BOTTOM LINE: Iraq is clearly dealing with major economic, political and security reforms. Recent reporting confirms that the 2027 budget process and broader fiscal reforms are moving forward, while several other major files remain unfinished. (CHANNEL8)
๐ฎ๐ถ๐ฑ The key question is not simply whether Iraq is reforming—it is when these reforms will translate into concrete, officially confirmed changes to the financial and monetary system.
⚠️ DISCLAIMER: This report contains a mixture of confirmed developments, commentary and unverified RV-related claims. Military operations, specific exchange-rate changes and exact timelines should not be considered confirmed without official sources.
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