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GP Q
@argosaki
ARE WE THERE YET?
IRAQ
The map is being redrawn.
The dinar’s official price is not.
3 October 2026 — Iraq desk
Baghdad’s central bank is still running the bank cleanup it set in motion under its minimum-requirements program.
Every Iraqi bank has already filed the paperwork and picked one of three doors: stay independent, merge, or leave the market.
What remains is gap-closing and full compliance, not a finished overhaul.
Eligible private banks can also be cleared again for cross-border trade and letters of credit in euro, UAE dirham, yuan, Jordanian dinar and other currencies.
On the dinar itself, the CBI’s stated line is still exchange-rate stability.
No new official rate has been published and nothing on the record is a revaluation.
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THE PLUMBING:
Offshore, the payment pipes are the part that is actually moving. Swift’s shared ledger is live for early use. Seventeen (yes 17) banks across six continents are lined up to run tokenised bank deposits on it so money can move overnight and on weekends, with final settlement still going through existing systems. That is regulated bank money on new rails. It is not a currency reset.
Status:
• Bank reform: underway
• Rate policy: stability, unchanged
• Revaluation or QFS: not on the record
The infrastructure is being modernised. The documents describe compliance pathways and tokenised deposits. They do not announce an IQD revaluation.
Sources:
https://cbi.iq/news/print_news/3144
https://cbi.iq/news/print_news/3231
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Source(s):
• https://x.com/argosaki/status/2106233314642460975
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