MNT GOAT: ๐บ๐ธ๐ฎ๐ถ๐ฅ US PRESSURE, CBI PREPARATIONS & THE “IMMINENT” REMOVAL OF ZEROS
๐ฐ A new report from Kurdistan24 says informed sources indicate that the United States is increasing pressure on Baghdad to accelerate the removal of zeros from the Iraqi dinar.
๐ฏ The reported objective is to:
๐น Curb money laundering
๐น Disrupt funds being smuggled abroad
๐น Recover cash liquidity hoarded through illegal means
๐น Strengthen Iraq’s financial system
๐ฎ๐ถ At the same time, other reports reveal that Iraq’s currency reform is moving through several important stages.
๐ฆ THE CBI & PARLIAMENT
The Parliamentary Finance Committee has reportedly been discussing the removal of zeros with the Central Bank of Iraq.
๐ต The CBI has reportedly prepared new banknote designs, with final samples covering all denominations.
๐ The reported plan includes approximately 7.5 billion new banknotes, with estimated production costs of around 250 billion IQD.
๐ Germany, France, Australia and the United Kingdom have reportedly been selected to produce the new currency.
๐ But there is one essential requirement:
A special draft law must be approved before the Central Bank can formally implement the currency change.
According to the information from Mnt Goat’s CBI contact, this draft law has already been prepared and sent toward Parliament for discussion.
๐จ THEN COMES THE BIG DEVELOPMENT
On August 25, Parliamentary Finance Committee member Jamal Kojar confirmed that there is a government trend toward officially removing zeros from the Iraqi dinar and issuing a new paper currency.
He also explained that removing zeros would help Iraq meet certain international standards, including the transition toward electronic currency trading, while helping combat corruption and develop commercial activity.
๐ฑ Mnt Goat interprets this reference to electronic currency trading as being connected to international FOREX trading, rather than the future digital dinar.
๐บ๐ธ And the report further states that the Iraqi government received recommendations from international bodies, including the United States, to remove zeros in order to strengthen confidence in the dinar and help attract foreign investment.
๐ฅ THE BIGGER PICTURE
The sequence now being reported is:
๐บ๐ธ International pressure & recommendations
⬇️
๐ฆ CBI discussions
⬇️
๐ต New banknote designs
⬇️
๐ Draft legislation
⬇️
๐️ Parliamentary involvement
⬇️
๐ฎ๐ถ Government confirmation
⬇️
๐จ “IMMINENT” removal of zeros
⬇️
๐ฑ Mnt Goat’s anticipated next stage: international FOREX
๐ง The key takeaway: The removal of zeros is increasingly being presented as part of a much broader restructuring of Iraq’s monetary and financial system.
๐ฅ The question is no longer simply whether Iraq has discussed removing zeros—but how quickly the legislative and implementation stages can now move forward.
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