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GP Q
@argosaki
ARE WE THERE YET?
27 September 2026
IRAQ
The Central Bank of Iraq is still doing the unglamorous work: live training on suspicious-activity reporting, liquidity and treasury operations, compliance, and Basel-style credit-risk practice. That is banking reform in motion, not a slogan.
IQD
Redenomination is still a talking point, not a done deal. Governor Nizar Nasser Hussein has said note redesign/issuance sits with the CBI, while deleting zeros needs parliament. The CBI has also denied that new “zeros-off” notes have already been printed.
No verified CBI announcement of an IQD RV or a new official rate.
GLOBAL
Swift’s blockchain ledger is no longer a slide deck.
Seventeen (17) banks are lined up to pilot tokenised-deposit payments for 24/7 cross-border settlement on top of existing rails. Some live tests have already run.
ROAD CHECK:
Banking reform:
moving
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Currency reform:
watching
RV / QFS: not verified
RAIL WATCH:
Swift is adding a new rail beside the old one — tokenised deposits, always-on messaging, final settlement still through the systems banks already use.
REALITY CHECK:
The plumbing is changing.
Iraq is tightening banks.
Swift is building 24/7 tokenised payment rails.
That is real.
An IQD revaluation or a global “reset” is still unverified.
Don’t confuse infrastructure with a rate.
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Proof
CBI news hub: https://cbi.iq/news/
CBI SAR-quality workshop (21 Sep 2026): https://cbi.iq/news/view/3335
CBI liquidity/treasury workshop listing: https://cbi.iq/news/
Iraqi News — governor on redesign vs deleting zeros: https://iraqinews.com/iraq/central-bank-iraq-currency-redesign-removing-zeros-parliament-nizar-hussein-2026/
Swift ledger / 17-bank pilot: https://swift.com/news-events/press-releases/swifts-blockchain-ledger-ready-use-17-banks-set-pioneer-tokenised-cross-border-payments-trusted-global-infrastructure
Watch the rails.
Ignore the rumour mill until the CBI or Swift puts it on paper.
Source(s):
• https://x.com/argosaki/status/2104075810785329492
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