Tuesday, January 20, 2026
Erbil tells the story of reviving the "gold lira" as an inherited economic refuge
Erbil tells the story of reviving the "gold lira" as an inherited economic refuge
1/18/2026
Erbil (Kurdistan 24) Salar Gharib, who has twenty-three years of experience, begins the journey of converting raw “broken” gold into shiny liras by melting the metal at temperatures ranging from 1300 to 1600 degrees Celsius, after determining the carat with extreme precision to be “21 carat” (91.6% purity), which is the most popular and trusted grade in the local markets.
In keeping with the culture of saving that is deeply rooted in the Kurdistan Region society in all its cities, regions and extensions, and with the increasing demand for the yellow metal as a safe haven for wealth, gold crafting factories in the capital Erbil are witnessing remarkable technical and artistic activity to produce the “gold lira” with local and international specifications, as these small pieces have turned into an economic icon that combines investment value and traditional beauty.
At the heart of a specialized workshop, after the gold is poured into molds to produce longitudinal ingots, the material passes through rolling and pressing machines to form precise gold sheets.
Their thickness is measured with sensitive electronic instruments to ensure a consistent weight. Here, goldsmith Salar points out that the 5-gram gold lira is the most sought-after coin among the residents of Erbil. It is cut to a diameter of 80 millimeters before undergoing a purification and drying process in preparation for the final "minting" or stamping under immense hydraulic pressure of up to 1500 bar, which gives it its distinctive visual identity and seal of quality.
When discussing production capacity, the factory managers emphasize that the increasing demand has prompted them to raise the pace of work. The factory produces between 600 and 700 gold liras daily in various shapes and weights, with the possibility of printing more than 4,000 copies of some highly sought-after models. This reflects a revival in the local industry and the ability of craftsmen in Erbil to compete with imports in terms of accuracy and purity.
Experts believe that, looking at the future of the market, this trend towards local manufacturing of gold savings coins not only provides job opportunities for local staff, but also gives the Kurdish consumer an additional guarantee of purity and weight, so that the “Erbil” gold lira remains a solid bridge that citizens cross towards financial stability that defies the fluctuations of paper currencies. LINK
FRANK26 & MNT GOAT: Iraq 3-Zero Notes, Exchange Timeline & Global Revaluation
Introduction: The Countdown to the Dinar Revaluation
As the Iraqi Dinar revaluation (RV) approaches, Frank26 provides critical updates on the recovery of three-zero notes, the global exchange network, and how political and financial stability will affect the rollout.
According to Frank26, the vast majority of 3-zero notes are already being retrieved, and once the new exchange rate is announced, the remaining notes will flow in rapidly.
Three-Zero Notes: Nearing Completion
Frank26 shared an important milestone:
“We are close to 90% in retrieving the 3 zero notes. Once they change the exchange rate, the rest of the notes will pour in like a waterfall.”
What This Means for Holders
Nobody wants the old 3-zero notes once the new notes are available
People will exchange their zeros for new, lower-denomination notes with value
Frank26 estimates a 6 months to 1-year window for exchanging remaining notes, though it could be longer than expected
This reinforces the idea that retrieval and conversion is orderly and phased, designed to avoid hyperinflation.
Global Access: Will Dinar Revaluation Be Worldwide?
Some investors worry about geographical restrictions, for example in Australia. Frank26 clarified:
“Anywhere that they exchange foreign currency… There will be plenty of places. The CBI will have thousands of private banks across the world for you to take your 3 zero notes and turn them in.”
Key Takeaways
Revaluation is not limited to Iraq or select countries
The Central Bank of Iraq (CBI) is coordinating global participation
Holders worldwide will have access through authorized private banks
U.S. Support: Stability and Investment Plans
Mnt Goat, a community member, highlighted U.S. involvement, which Frank26 confirmed aligns with strategic goals:
Trump administration reportedly prioritizes reinstating the Iraqi Dinar
Plans include massive U.S. investment into Iraq for development
Preconditions: Iraq must be politically stable and secure
This underscores that global confidence and internal stability are pivotal to the RV.
Featured Snippets (Google Discover Ready)
How much of the 3-zero notes have been retrieved?
Approximately 90% of the three-zero notes have been collected, according to Frank26.
Will the Iraqi Dinar revaluation be worldwide?
Yes. The Central Bank of Iraq will provide thousands of private banks globally for exchanging 3-zero notes.
How long will holders have to exchange their 3-zero notes?
Frank26 suggests anywhere from 6 months to 1 year, potentially longer.
Does U.S. support affect the Dinar revaluation?
Yes. U.S. investment and support depend on Iraq being politically stable and secure.
Q&A Section
Q: What happens to the 3-zero notes after the new rate is implemented?
A: The remaining notes will be exchanged quickly for the new, lower-denomination notes, which hold value.
Q: Can Australians or other foreigners participate?
A: Yes. Any authorized private bank participating in foreign currency exchanges will handle 3-zero note conversions.
Q: Does political instability delay the RV?
A: Political and security stability is required for full international rollout and investment.
Q: Is this financial advice?
A: No. All information reflects opinion and analysis for educational purposes only.
Important Disclaimers
Frank26 Commentary Disclaimer
Statements reflect opinions and interpretations, not official government confirmation.
General Disclaimer
THIS CONTENT IS FOR EDUCATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE FINANCIAL, LEGAL, OR INVESTMENT ADVICE. CONSULT A QUALIFIED PROFESSIONAL BEFORE MAKING DECISIONS.
Final Thoughts
With:
90% of 3-zero notes already retrieved
Global access confirmed via CBI-coordinated banks
Political stability approaching
U.S. investment plans poised
Frank26’s update indicates that the framework for a smooth, global Iraqi Dinar revaluation is largely in place.
Once the new exchange rate is announced, the final phase of note conversion is expected to accelerate dramatically, giving holders worldwide access to the new, valuable currency.
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Join our global community and stay ahead of the RV developments.
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Frank26
We are close to 90% in retrieving of the 3 zero notes. Once they change the exchange rate the rest of the notes will pour in like a waterfall because nobody wants to keep those 3 zero notes. Instead they will want to clone the new lower notes that will have value...I believe they told us that you have anywhere from 6 months to a year to trade in the remaining zeros. I think we're going to have a lot more time than that.
Question: "I have heard in Australia the Iraqi dinar might not be revalued. Should it not be worldwide?"
Anywhere that they exchange foreign currency...There will be plenty of places...The CBI will have thousands of private banks across the world for you to take your 3 zero notes and turn them in.
Mnt Goat
we must believe that the Trump administration wants the reinstatement of the Iraq dinar even more than we do, however the situation in and around Iraq must be stable. Trump plans to bring in massive US money to Iraq for development and investment, but it must be stable and secure first.