🚨🏦 CBI Contact: The Plan Is Still Moving Forward 🇮🇶
According to a CBI contact, once Iraq's security situation is fully under control, the committee is ready to:
✅ Roll out the lower denominations ✅ Move forward with the monetary reform plan ✅ Continue the next phase of Iraq's currency project
The key issue now is security. A reported deadline to fully disarm militias and deal with armed factions is September 2026, while Al-Zaidi is expected to present his plan to President Trump during his Washington visit in mid-July.
The update also states that:
💵 The large three-zero notes will remain legal tender and continue to be used for large interbank transactions.
📲 The future Digital Dinar is expected to replace the U.S. dollar for foreign exchange transactions, but only after the monetary reform and a stronger electronic payment system are in place.
Overall, the message is clear: the monetary reform plan remains active and continues moving forward as conditions are being met.
So, you want to know what is holding up the RV? I also want to add that the glass is half-full as my CBI contact has already told me once the SECURITY situation is taken care of, her committee has plans to roll out the lower denominations and move ahead again. Will this take until 2027? Your guess is as good as mine.
But the good news is they are still planning it and always moving ahead while the GOI is playing catch up. There is a said deadline to disarm ALL the militias and arrest or deport the factions. This deadline is September 2026. Will it take this long? What we do know for a FACT is al-Zaidi is expected to present his plan to President Trump during his visit to Washington in mid-July.
I don’t want this Newsletter today to discourage you from this investment in the IQD. It is going to happen and it is in the plan for Iraq and part of the bigger RESET picture. These larger notes we hold are going to stay legal tender and used for inter-banking transactions of large amounts, when cash is needed. The CBI told us this many times. Many of you were not around then or did not tie into my blog. Glad you can now join us and learn the TRUTH.
Yes, upon our exchange, the US Treasury will document each notes and the will burn much of it that is not needed by the CBI, when collected. But to say what we hold will be in the same category as in Iraq is not true. Iraq will be dealt with much differently when they collect their large three zero notes and exchange them for the lower denominations. So, please let’s not get confused over the process.
I have explained it many times, over and over again. The only part added to the process since 2011 is the addition of the concept of a digital dinar. I am told the digital dinar will replace the dollar for foreign exchange transactions. That is its initial main purpose. By the time the digital dinar is rolled out all over Iraq we will be long-gone out of this RV saga. Iraq will need a much more robust and secure electronic payment system to do so. So, this cannot happen until the repeg is completed, thus the reinstatement. The basic plan to get to the reinstatement comes directly from a 2011 conference held during Dr Shabibi’s time as the director of the CBI with the US treasury, the World Bank and the IMF.
We already have witnessed many pieces to the plan executed, so hang in a bit longer you won’t regret it. Yes, the plan has changed a bit, but Iraq must adapt as this is taking so long and technology changes over time. Only that we may see what we want later rather than sooner as most of these so-called idiotic intel gurus on the internet are telling you false timelines. If you are discouraged from my news today this is your fault for listening to them and their everyday / any day stories/lie of an RV and their other bullshit.
"THE BANKER OF BAGHDAD: HOW TOM BARRACK PLANS TO STARVE IRAN'S MILITIA MACHINE." ANTALYA DIPLOMACY FORUM ANTALYA DIPLOMACY FORM
Washington's Economic Hitman has come to Baghdad
"— President Donald J. Trump, Truth Social, 31 May, 2026
The money trail, painstakingly documented by the Foundation for Defense of Democracies, is darning: the state-owned Rafidain Bank, a downstream distributor of oil revenues held at the New York Fed, was disbursing dollar-converted wages directly to PMF militia fighters until mid-2025. When US Treasury pressure forced Rafidain from processing those payrolls, the PMF simply migrated its salary mechanism to a smaller state-owned lender, Al-Nahrain Islamic Bank - shifting the
problem rather than solving it. Worse, multiple Treasury sanctions between 2024 and 2026 traced diverted Iraqi dollar-auction proceeds through fronts linked to IRGC financiers and networks procuring components for Shahed drones and Iranian ballistic missiles. Washington, in the most literal sense, has been subsidizing its own adversaries.
-----
🏦🇮🇶 The Banker of Baghdad: How Tom Barrack Plans to Cut Off Iran's Militia Funding
Earlier today, we discussed why the United States has not yet given Iraq the green light. One of the biggest reasons has been the corruption that allowed U.S. dollars flowing into Iraq's financial system to ultimately find their way into Iran-backed networks. That is exactly what this strategy is trying to change.
The battle between the U.S. and Iran in Iraq is increasingly being fought through the banking system rather than on the battlefield.
💵 For years, Iraq's oil revenues—held at the Federal Reserve Bank of New York—flowed through state-owned banks. According to the report, some of those funds ultimately reached members of the Popular Mobilization Forces (PMF), including factions linked to Iran's Islamic Revolutionary Guard Corps (IRGC).
🏦 Rafidain Bank reportedly processed government payrolls until U.S. Treasury pressure forced those payments to stop. However, the report claims the payroll system simply shifted to Al-Nahrain Islamic Bank, moving the problem instead of eliminating it.
🚨 U.S. Treasury sanctions issued between 2024 and 2026 also allege that diverted dollars from Iraq's currency auction system were funneled through front companies connected to IRGC financiers, helping procure components for Shahed drones and Iranian ballistic missile programs.
👤 The article argues that Tom Barrack's strategy is not about military action—but about financial pressure:
✅ Tighten oversight of Iraqi banks ✅ Restrict access to U.S. dollars for suspicious institutions ✅ Block front companies and illicit financial networks ✅ Increase transparency in government payments
💡 The goal is straightforward: cut off the money that finances Iran-backed militias instead of confronting them solely through force.
📈 These developments suggest that the environment in Iraq is beginning to change. As financial oversight improves and longstanding corruption is addressed, the country appears to be moving toward a stronger and more transparent banking system. That creates a more favorable foundation for Iraq's economy and, over the long term, for the Iraqi dinar.
⚠️ Important: These reforms are encouraging, but they do not by themselves confirm or announce a revaluation (RV) of the Iraqi dinar.
There is a growing sense that Iraq is entering a new phase—one focused on financial integrity, international confidence, and economic reform. The direction appears increasingly positive for both Iraq and the future of the Iraqi dinar.
Article: “ALI AL-ALAQ WAS RELIEVED OF HIS POSITION AS GOVERNOR OF THE CENTRAL BANK AND NIZAR NASSER WAS APPOINTED IN HIS PLACE.” Nasser, was the head of the Anti-Money Laundering and Counter-Terrorism Financing Office under the central bank...These are two VERY important areas of concern for the RV... I believe we are closer than ever for the dinar to get reinstated...
---
🚨 Major Change at the Central Bank of Iraq! 🇮🇶🏦
Article:"Ali Al-Alaq was relieved of his position as Governor of the Central Bank, and Nizar Nasser was appointed in his place."
This leadership change could be one of the most significant financial developments Iraq has seen in recent years.
Nizar Nasser previously headed the Anti-Money Laundering and Counter-Terrorism Financing Office within the Central Bank of Iraq. Those responsibilities are not only essential for protecting Iraq's banking system—they are also fundamental to building international confidence in the country's financial sector.
✅ Combating terrorist financing is a key requirement for deeper integration into the global financial system.
✅ A stronger, more transparent banking system makes it easier for international banks and investors to do business with Iraq.
For years, many observers have believed that banking reform, AML compliance, and financial transparency are among the essential building blocks for Iraq's monetary reform. Appointing someone whose expertise is centered on these areas may signal that Iraq intends to continue accelerating those efforts.
💵 What could this mean for the IQD?
While this appointment does not, by itself, announce any change in the value of the Iraqi dinar, many who closely follow Iraq's monetary reforms view it as another potentially meaningful step.
A modern banking system, strong regulatory oversight, reduced financial crime, and full compliance with international standards are all elements that can support a stable and internationally connected monetary framework.
In my opinion, this leadership change reinforces the direction Iraq has been moving toward—greater financial transparency, stronger international integration, and continued progress in its monetary reform agenda.
With the pace of reforms we've seen in recent months, I believe Iraq is putting more of the necessary pieces in place than ever before. Every major banking reform, every anti-corruption measure, and every step toward international financial integration strengthens the foundation for the Iraqi dinar's future.
👀 The momentum continues... and many believe Iraq is closer than ever to seeing the dinar fully reinstated on the international stage.
A recent report from Al-Mada suggests that Prime Minister Ali al-Zaidi's upcoming visit to the White House could mark the beginning of a new chapter in U.S.–Iraq relations, with discussions expected to focus on:
🤝 Stronger economic cooperation 💰 Banking and financial reforms ⚖️ Fighting corruption and money laundering 🛡️ Security and state sovereignty 🏗️ Expanding U.S. and Gulf investments
💵 What Could This Mean for the IQD?
One phrase stood out to me: "liberalizing and strengthening Iraq's monetary system."
In my opinion, this could mean much more than banking reform. It could involve:
✅ Removing financial restrictions that have limited Iraq's international financial system. 🌐 Fully reconnecting Iraq to the global financial network.
💵 Reducing—and ultimately eliminating—the influence of the parallel dollar market through a stronger and more transparent monetary system. 🏦 Increasing international confidence in the Iraqi dinar. 📈 Allowing the IQD to operate within a modern, stable, and internationally integrated financial system.
The report specifically mentions goals such as reducing exchange-rate volatility, minimizing the impact of the parallel market, and liberalizing Iraq's monetary system. From my perspective, these are key building blocks that many believe are necessary for the Iraqi dinar to eventually operate at a value supported by a modern, stable, and internationally integrated financial system.
Overall, this report paints the picture of a possible new phase for Iraq—strengthening its institutions, attracting international investment, modernizing its financial system, and deepening its integration with the regional and global economy.
FINAL SIGNING AT THE WHITE HOUSE… AL-ZAIDI TO LAUNCH A “SECOND IRAQ” IN MID-JULY.
BARAK’S PLAN: BAGHDAD AS THE HEART OF A “NEW MIDDLE EAST”
Ali al-Zaidi is close to setting a political precedent that could make him one of the fastest Iraqi prime ministers to reach the White House after assuming office. His anticipated visit to Washington in mid-July is not seen as a mere protocol visit, but rather as an attempt to inaugurate a new phase in the relationship between Baghdad and Washington, more than two decades after the 2003 regime change in Iraq.
Political assessments suggest that the visit represents an opportunity to restructure the relationship between the two countries on different foundations, transcending the legacy of past years and opening the door to broader cooperation on energy, economic, and security issues. However, according to observers, this path will not be without obstacles, given the continued influence of Iran and armed factions in the Iraqi landscape.
The Iraqi government announced last Monday that al-Zaidi would visit Washington in mid-July at the invitation of US President Donald Trump, shortly after US envoy Tom Barrack’s visit to Baghdad, which was accompanied by leaks that sparked widespread interest regarding issues of weapons, corruption, and the future relationship between the two sides. Academic and political analyst Mohammed Naanaa believes that Tom Barrack’s meeting with al-Zaidi was a crucial step in preparing for the anticipated visit. Naanaa told Al-Mada that the details of the visit were discussed during the meeting, including the issues mentioned in the Prime Minister’s office statement.
These issues pertain to the complete disarmament of Iraqis, the consolidation of all armed groups under the command of the Commander-in-Chief of the Armed Forces, the expansion of the American presence in Iraq, particularly for companies operating in the southern oil fields, and the granting of significant licenses to Starlink.
He added that these indicators, in his opinion, reflect an Iraqi alignment with the American vision for the future of the relationship between the two countries. He considers al-Zaidi’s visit to be pivotal and the culmination of a series of contacts, dialogues, and reciprocal visits led by Barrack and the US Chargé d’Affaires in Baghdad, leading to what he describes as “the final signing of the new relationship between the two sides.
” But Naanaa believes this path will not be without its challenges. He argues that any stability Tehran achieves will prompt it to revitalize its influence within Iraq, and that armed factions may return to exert greater pressure on the power structure, either directly or through their political representatives in parliament and the government. The researcher emphasizes that Iraq should consider what it stands to gain from this burgeoning relationship, which is expected to culminate in the White House meeting on July 15. He stresses the importance of securing clear American support in three key sectors: banking, energy, and defense. According to Naanaa, Baghdad needs American assistance in acquiring air defense systems to protect the country, and support that will help liberalize the Iraqi monetary system, reduce exchange rate volatility, and mitigate the impact of the parallel dollar on citizens’ livelihoods. Furthermore, assistance is needed to resolve the gas import crisis for electricity generation through alternative solutions, including floating power platforms. The issues of weapons and sovereignty were also discussed. During their recent meeting in Baghdad, al-Zaidi and Barak emphasized the importance of building a strong and mutually beneficial Iraqi-American partnership.
According to the official statement, the two sides discussed a shared vision for building a “brighter, terrorism-free” future, implementing plans for complete disarmament, dissolving all armed groups and formations operating outside the authority of the state, and ensuring that weapons are solely in the hands of the state and that full sovereignty is established.
They also stressed the need to keep Iraq out of regional conflicts and prevent its territory from being used by any party to threaten security and stability in the region, emphasizing the urgent need to fully achieve these goals. Iraq at the heart of a new Middle East.
Former diplomat Ghazi Faisal, however, views the visit from a broader perspective that transcends the bilateral relationship between Baghdad and Washington.
He tells Al-Mada that the new American initiative, which emerged after Tom Barrack was assigned the Iraq portfolio, is based on major strategic projects, including strengthening coordination and economic integration between Iraq and Syria, ultimately aiming to build a nucleus of regional cooperation that may later include Cairo, Amman, and Beirut, in addition to Baghdad and Damascus.
Faisal believes the region is facing a new phase, especially after what he calls the “historic agreement” to resolve long-standing crises with Iran dating back to 1979. He considers this agreement a precursor to a new Middle East map based on development rather than wars and conflicts.
He adds that Iraq is at the heart of these transformations, and that al-Zaidi’s visit could be a starting point for the country’s transition from the security, political, and economic chaos that has accompanied the post-2003 era to building a truly democratic state. He emphasizes that the visit could lay the foundation for deeper economic and investment relations, because, as he describes it, investment is what creates jobs and stimulates the economy, while currently, about 75% of the budget goes to salaries at the expense of development and investment.
Faisal also expects the United States to support Iraq’s efforts to combat corruption within ministries, banks, and companies, and to pursue networks involved in smuggling and money laundering.
He points out that the environment created by armed factions and financial corruption in recent years has driven companies and investors to leave Iraq or freeze their projects, which necessitates providing new security and political guarantees to restore confidence in the Iraqi economy.
The visit he concludes, represents an opportunity to review the mistakes made by Washington and Iraqi political parties over the past two decades, and to move Iraq from a failing and declining state to a more stable one, better able to integrate into its regional environment. According to political sources who spoke to Al-Mada, Tom Barrack only arrived in Baghdad after Washington received initial positive signals regarding several demands it had previously conveyed to the Iraqi government.
The sources describe Barrack’s visit as pivotal in the course of Iraqi-American relations, considering it the foundation for a new phase, distinct from the period following 2003, based on clear commitments and mutual interests.
The most prominent American demands, according to these sources, include the disarmament of all armed factions without exception, preventing their participation in the government, and completing the integration of the Popular Mobilization Forces (PMF) into official security institutions after removing leaders affiliated with armed factions. The sources indicate that these issues are still under discussion and have not yet been definitively resolved.
The American demands also include closing more than ten banks accused of smuggling dollars and involvement in money laundering, restructuring other financial institutions, expanding anti-corruption measures, and opening the door to broad American and Gulf investments. According to sources, Washington links the success of these measures to the influx of major investments that Baghdad needs in the energy, infrastructure, and services sectors.
If these conditions are not met, Barak informed Iraqi officials, according to the same sources, that “all options are open,” and that the United States will act in accordance with its interests.
Compared to his predecessors, if the visit takes place as scheduled, al-Zaidi will be one of the fastest Iraqi prime ministers to reach the White House.
Only Nouri al-Maliki rivals him in this regard, having visited Washington four times during two terms, with his first visit coming just two months after assuming the premiership. In contrast, Mohammed Shia al-Sudani waited about 17 months before meeting former US President Joe Biden, amid American reservations and internal complications.
For his part, Ahmed al-Yassiri, an Iraqi political analyst residing in Australia, believes that focusing on the speed or timing of the visit does not reflect its true importance. He tells Al-Mada that al-Zaidi did not request the visit, but rather received an invitation from the US administration. Therefore, linking its significance to the time elapsed since his assumption of office is inaccurate.
He adds that the visit’s true importance lies in providing the Iraqi political system with American backing during a sensitive regional period, and in restructuring the relationship between Baghdad and Washington amidst the ongoing transformations in the region, particularly concerning the Iranian issue and the redrawing of security and political alliances.
Al-Yassiri, who also heads the Arab-Australian Center for Strategic Studies, believes the visit will also exert internal pressure on the Iraqi government to present a realistic program regarding investment and the entry of American companies, in addition to ensuring the continued flow of Iraqi funds and preventing the country from being exposed to the risks of US sanctions.
He emphasizes that these issues will shape the features of the next phase, regardless of al-Zaidi’s ability to achieve quick results or immediate breakthroughs.
Political support or practical results? Munqith Dagher, Middle East and North Africa director and a member of the board of directors of Gallup International, views the visit as more of a message of political support than an exceptional event.
He tells Al-Mada that the visit carries a ceremonial dimension for al-Zaidi and represents an American attempt to demonstrate its support for the Iraqi Prime Minister, especially since Washington—in his estimation—played a key role in his rise to power through Tom Barrack. Dagher believes the timing might have been better had it been delayed slightly, but he acknowledges that American motives dictated the visit’s timing. He adds that it wouldn’t be a negative development if al-Zaidi succeeds in using the opportunity to raise important Iraqi issues and secure greater American support on vital matters. He concludes by saying that the true measure of the visit will depend on its actual outcomes: will it remain within the realm of protocol and political messaging, or will it become a starting point for genuine progress on the outstanding issues between Baghdad and Washington?
Non-oil revenues across the Sulaymaniyah and Halabja governorates, alongside the independent administrations of Raparin and Garmian, topped 305.47 billion Iraqi Dinars (IQD) during the first six months of the year, official tracking data shows.
The Kurdistan Region's Sulaymaniyah, Halabja, Raparin, and Garmian generated over 305.47 billion IQD in non-oil revenues during the first six months of the year. 💵
This is another positive sign of Iraq's ongoing economic transformation:
✅ Stronger non-oil economy ✅ Improved government revenue collection ✅ Reduced dependence on oil ✅ Continued progress toward financial stability and diversification
Every step that strengthens Iraq's economy helps build a stronger foundation for its long-term financial future. 🌍📊
