Could Exchanging Our Dinar and Dong Be Like This ?????
The Central Bank Of Syria Requires Citizens To Follow New Procedures When Exchanging Currency.
Banks Economy News - Follow-up The Central Bank of Syria announced the regulations that must be followed by citizens and customers when submitting old Syrian pound banknotes to authorized entities for exchange for new banknotes, as part of the ongoing preparations for the upcoming exchange process.
The bank explained that these procedures aim to accelerate and simplify the replacement process in coordination with all relevant parties, stressing the importance of adhering to the correct arrangement of banknotes in bundles, so that each bundle contains banknotes of the same denomination and issue, and that the number of pieces in each bundle does not exceed 100 banknotes.
The bank explained that customers must arrange banknotes symmetrically so that the face is facing up in all bundles,while damaged banknotes must be sorted into separate bundles according to the same controls, with proof that they are damaged being provided, according to the Syrian News Agency “SANA”.
The bank stressed that compliance with these instructions contributes to saving time and effort for citizens and concerned parties, and enhances the cooperation necessary to make the replacement process a success and ensure that it proceeds smoothly and quickly.
66 Companies And 1,000 Outlets
The Governor of the Central Bank of Syria, Abdul Qader al-Hasriya, announced that there will be ease and flexibility in exchanging the new national currency, the Syrian pound, as the exchange will be done through 66 companies and a thousand outlets dedicated to this purpose.
Al-Hasri said that the new denominations of the Syrian currency will start with six denominations: 5, 10, 25, 50, 100, and 500 liras, with the new lira being equivalent to one hundred old liras, while the 500 new liras is equivalent to 50,000 old liras, noting that this contributes to making it easier to carry money and the money supply remains without additions.
He added that the currency replacement will not affect its value, since the change is a change in nominal value, so the value is the same and the replacement will not have direct effects on its value, explaining that the Syrian Central Bank will reopen its branch in Idlib, like the rest of the governorates.
Modern Security Features
The official stressed that the new currency has modern security features, in addition to special features that enable the visually impaired and blind to use it, explaining that removing zeros will not affect the common functions of the new lira, calling for cooperation from everyone to preserve the value of the lira.
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He explained that the standard for the replacement process is to remove two zeros from the nominal value, so that every hundred old Syrian pounds will be equivalent to one new Syrian pound, noting that the replacement process will begin on January 1, 2026 and will continue for 90 days, which is extendable, and will be carried out free of charge without imposing any fees or taxes.
He said that all central bank transactions will be in the new currency at the beginning of the year, calling on citizens not to abandon the old currency during the period of coexistence between the two currencies, as sellers will be required to deal in both. https://economy-news.net/content.php?id=63968
According to Tony’s TNT call on January 7, 2026, multiple global conflicts, military movements in Iraq, active currency exchanges for contractors and military personnel, and finalized international contracts suggest the RV process may be extremely close, though no exact timing is confirmed.
Tony Disclaimer
The following information represents Tony’s opinions and summarized notes from the TNT conference call. This content is for informational purposes only. Always consult licensed financial, legal, and tax professionals before making any financial decisions.
Notas del resumen de la conferencia telefónica de TNT del 7/1/26:
1. Están sucediendo muchas cosas por diferentes razones. Hay caos global.
2. No se sabe cuándo se irá realmente el RV.
3. Las fuerzas Delta están estacionadas en la frontera con Irak. El pueblo iraquí está nervioso.
4. La Primera Aerotransportada llegó a Irak. Están en misiones específicas. Hacen lo que hacen los equipos SEAL. Los ciudadanos que fueron a Irán no pueden regresar.
5. Los iraníes en el gobierno iraquí no tienen dónde esconderse y algunos están siendo atacados.
6. Hay planes para bombardear Irán de nuevo, lo cual beneficia a Irak.
7. Mañana es festivo en Irak.
8. Están intercambiando dinero de nuevo en Irak. Contratistas, empleados del gobierno, militares estadounidenses, pero no ciudadanos. Los contratistas recibieron $3.76 -
Los militares recibieron $4.86.
9. El sistema electrónico se cerró; todas las tarjetas de débito tuvieron que cambiar para que cambiara el tipo de cambio.
10. Los sistemas bancarios estuvieron inactivos durante dos días, excepto por el proceso de intercambio... extendido hasta mañana.
11. No habrá impuestos sobre los intercambios... eso es bueno.
12. Aviones estadounidenses están siendo trasladados a Ucrania.
13. Se producirán múltiples guerras simultáneamente.
14. Veremos si hay un anuncio esta noche... Putin está haciendo amenazas si ocurre.
15. Trump está cortando el suministro a China y Rusia. China recibía el 80%. No lo tolerarán. Pagaron 20 mil millones por petróleo que podrían no recibir.
16. Hay conflictos en todas partes que podrían afectarnos... Espero que la renegociación se apruebe para que podamos cobrar.
17. La ONU y el FMI piensan que será mañana. Los últimos contratos se firmaron esta noche. Los tipos de cambio son buenos.
18. El tipo de cambio del dong vietnamita es de $6.86. Los cheques agrícolas superan los 33 millones.
19. Sadonni anunció ayer que las tasas cambiarían. Un gran día que valió la pena esperar.
20. Venezuela amenaza con eliminar el dólar estadounidense.
Rusia y China están indignadas.
21. Historia bancaria:
Un hombre recibió 10 millones en su cuenta (no pendientes). Puede esperar sus otros 18 millones el viernes.
With mounting pressure on the public budget and a growing need for long-term economic stability, Iraq is entering a pivotal phase in managing its financial resources. All eyes are on the parliamentary session next Saturday to discuss non-oil revenues. This step comes at a time when policymakers are increasingly aware of the importance of reducing overall dependence on oil and strengthening alternative sources of funding that support public services and protect purchasing power. For the citizens.
MP Dr. Ali Saber Al-Kinani told Al-Sabah: “Opening the file on non-oil revenues is a national necessity,” noting that focusing on these revenues contributes to reducing dependence on oil, which alleviates pressure on monetary policy and strengthens purchasing power. For the citizens.
He added that the parliamentary debate will provide an opportunity to evaluate the performance of the relevant authorities, improve collection mechanisms, and expand the revenue base from various sources. Diverse.
In this context, MP Alaa Al-Haidari pointed out that boosting non-oil revenues is an important step to address financial imbalances in the general budget, support productive sectors, revitalize industry and agriculture, as well as improve the investment environment and create additional job opportunities, which contributes to strengthening economic and social stability.
As part of the government's efforts to increase non-oil revenues, Mazhar Muhammad Salih, the Prime Minister's advisor on financial affairs, explained that the government program to maximize non-oil revenues contributed to a significant increase in their share last year, as a result of adopting digital governance in the tax and customs sectors.
Salih told Al-Sabah newspaper that non-oil revenues rose to approximately 12% of the total 2025 budget, compared to about 7% in previous years. This reflects the government's efforts to improve tax and customs collection and achieve greater financial stability, moving away from total dependence on oil.
Saleh added that this improvement includes multiple categories of revenues, most notably commodity taxes, public sector profits, and customs duties, stressing that the government seeks to raise the percentage of non-oil revenues to about (20%) of the total general budget in the coming years by diversifying sources, improving collection mechanisms, and combating financial evasion.
According to Frank26, the shift from 1320 to 1300 IQD is not a true rate change, but an official announcement of the existing exchange rate.
Iraq must reach at least 1000 IQD, and ultimately 1 to 1 purchasing power, to become viable internationally and attract global investment.
Frank26 Disclaimer
The following content reflects Frank26’s opinions and analysis. This information is shared for educational purposes only. Always consult a qualified financial or investment professional
The CBI announced they increased the value of the Iraqi dinar from 1320 to 1300, big deal. It's not impressive...They're trying their best to tell you some things...They need to get to 1000. Then it would be easy to make it 1 to 1...We need purchasing power of at least 1 to 1...It's not a rate change. It's an official announcement of their exchange rate...
What I find crazy is if [Iraq] goes international at 1310, which you have never done before, there is no profit. That's not what the global community wants to do with you. They're not going to come into your country. They didn't sign contracts at 1310. They demand a profit. Iraq needs to grow up and realize if they want to play with the big boys it has to be with big money...You remain poor at 1310.
The Central Bank of Iraq is the first institution to implement a "programs and performance" budget
The Board of Directors of the Central Bank of Iraq approved the bank's budget for 2026, based on the program and performance budgeting methodology.
The bank explained in a statement: "Adopting this methodology aims to move from the traditional approach based on expenditure items to a modern approach that focuses on programs, results, and performance indicators, thereby contributing to increased spending efficiency, enhanced transparency and accountability, and supporting performance- and results-based decision-making."
He pointed out that "previous budgets were prepared according to the traditional method adopted by all state institutions," emphasizing that this approach makes the Central Bank of Iraq the first institution in the Iraqi state to implement a program and performance budget, a step that reflects its commitment to adopting the best international practices in managing its financial resources.
The bank explained that "the 2026 budget included strategic programs, institutional development programs, operational programs, in addition to oversight and regulatory programs, which were prepared according to clear programs, specific activities, and measurable performance indicators subject to periodic evaluation, thus contributing to improving the efficiency of plan implementation and achieving optimal resource utilization."
It affirmed that "adopting a program and performance budget is a pivotal step within the financial and administrative reform path pursued by the bank, enhancing the strength and sustainability of institutional performance and keeping pace with modern developments in expenditure management at the regional and international levels."
The Central Bank of Iraq expressed its readiness to provide technical support and training to Iraqi state institutions, assisting them in transitioning from the traditional method of budget preparation to modern, internationally recognized methods, thereby contributing to the development of public financial management and strengthening the principles of efficiency and good governance. link