🪙 Iraq’s New Coins & Lower Denoms in Final Minting Stage! 💥🇮🇶
Walkingstick [Update from Banking Contact “Aki”]:
Tender Issued: Iraq has officially put out a tender for redesigning and minting new coins 💰
New Notes: Aki confirms the lower-denomination banknotes already exist — Iraqis voted on the designsweeks ago, including colors, size, shape, and security features. 🧾✨
Public Preview: The Central Bank of Iraq (CBI) released images three weeks ago, though they’re not yet posted on the official website. 👀
U.S. Treasury Collaboration: The CBI and U.S. Treasury
AKI: There is a tender out [in Iraq] asking for the redesign for these new coins to be minted. When you asked me if I have see the lower notes yet I told you yes, but I want you to know you have already seen them as well. We voted on these new notes. I was part of it.
The voting on the remnants, history, color, size, shape, security features, all of it...You saw them 3 weeks ago when the CBI released them. The design on those are exact. We don't know why they didn't put them on the CBI website yet.
AKI: The CBI has been working with the Unites States Treasury on this rendering. We worked on the design, but the Treasury is helped Iraq get them printed. These are the meeting topics we've been having with the CBI and many of your people. Trump is the one pushing all of this on us.
WALKINGSTICK: How long is it going to take to mint these coins? AKI: We actually have what we need but we are still minting. It's been being done for quite a while now, the coins, but we're finishing them up. I'm still waiting to see the rest of it.
💼 Iraq Eyes Creation of a Sovereign Wealth Fund 🇮🇶💰
“Wars Have Hampered It” — A Vision for National Investment and Growth
Prime Minister’s Advisor Mazhar Muhammad Saleh has proposed the establishment of an Iraqi Sovereign Wealth Fund (SWF) to invest domestically and fuel national development. 🌱
🏦 Key Points:
Purpose: Channel Iraq’s revenues into internal development projects — agriculture, industry, services, and infrastructure. 🧱
Structure: Managed through a joint public holding company linked to the fund.
Self-Sustaining Model: The fund’s profits will be reinvested into the Iraqi economy for continuous growth. 🔁
Historical Challenge: Iraq’s earlier financial surpluses (1980–2003) were depleted by wars and debt, preventing SWF creation. ⚔️
Current Position:
Iraq holds over $100 billion in Central Bank reserves, invested mostly in safe, low-yield instrumentslike U.S. Treasury bonds. 💵
These reserves are semi-liquid and
not classified as a sovereign wealth fund.
Global Comparison: Unlike Norway, Saudi Arabia, or China—whose SWFs invest globally for high returns—Iraq’s reserves remain conservative. 🌍
Saleh envisions a domestic-focused sovereign fund that could multiply Iraq’s income and help the country finally turn oil surpluses into sustainable national wealth. 🚀