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Smaller Notes Only Mean One Thing
By Reset Intelligence | @EXIT_FIAT
Iraq’s Parliamentary Finance Committee says it intends to issue banknotes smaller than the 250 dinar note. At today’s official rate, that note is worth about 19 US cents.
No state prints paper that costs more to make than it is worth. It prints small change for a currency it expects to be worth far more.
The Room It Came Out Of
The small-note line did not come from a rumor mill. It came out of the Finance Committee’s weekend sitting with the Governor of the Central Bank, Nizar Nasir Hussein. In that same sitting, the Governor split a number he has never split in public before: Iraq has issued 107 trillion dinars, and only about 40 trillion of it circulates. The rest, some 67 trillion, sits outside the banking system where the state cannot see it.
Then he connected the two. Changing the currency, he said, will help determine the real money supply in circulation. The changeover is the instrument that finds the hidden money. And he drew a line the community keeps missing: changing the currency is the bank’s own authority. Only deleting the zeros needs parliament.
The Weekend Around It
• The rate rumor killed – the CBI publicly rejected claims of a move to 1,460 and confirmed the official rate unchanged at 1,310
• Exchange counters closed – money changers shut at Baghdad airport, 3 more licenses revoked
• The state banks opened – the Integrity Commission began a full audit of Rafidain and Rasheed, the 2 largest state banks
• The 2027 budget entered drafting – the document that records the dinar’s value, first complete budget since 2023, Council of Ministers by September 15
• The penny mirror – America killed its own smallest coin after 230 years because it cost more to make than it was worth; Iraq is running the same arithmetic in reverse
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That is the short version. The full daily briefing connects the note to the count, the counters, the budget and the September 30 file, and lays out what it means for anyone holding dinar.
Read the full daily briefing free for 5 days. Sign up here: resetintelligence.com
Want it straight from the horse’s mouth? The CBI Rate Alert pings you the moment the Central Bank of Iraq moves the official rate. The number itself, not a rumour about it. It comes with our free resource library and the daily breakdown of what is actually moving in Iraq. Sign up free: resetintelligence.com/rate-
Got a dinar question? Reset Intelligence runs an on-call research assistant: ask it anything they have published. It answers in seconds and will conduct deep research to find you the answer. Try it: resetintelligence.com/
The design behind all of it is mapped in Head of the Snake, and the free guides and scenario reports live in the Resource Library.
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