🔥 Frank26 Iraq Boots-on-the-Ground Report: Currency & Banking Reform Update

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🔥 Frank26 Iraq Boots-on-the-Ground Report: Currency & Banking Reform Update

⚡ Key Highlights:

80% of Currency Outside Banks:
Central Bank Governor Al-Alaq confirmed on TV that 80% of Iraqi currency is held outside banks, highlighting the deep lack of public trust in the banking system.
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Currency Value is Key:
Frank26 emphasizes that the only way to bring that currency back into the system is by increasing the value of the Iraqi dinar.
Banking Reforms Promised to Boost Value:
Finance Minister Sudani recently stated that ongoing banking reforms will raise the Iraqi dinar’s value.
Past Promises Missed:
Last year, Sudani promised that the dinar would gain purchasing power before the end of the year, but it didn’t happen.
Hope on New Leadership:
In January 2025, Iraq got a new president, which many believe was the missing piece needed to push reforms forward.

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Frank26

[Iraq boots-on-the-ground report]

FIREFLY:Alaq on TV saying on the news conference that 80% of our currency is held outside of our banks. It's no longer an issue with what we hold inside of Iraq.

FRANK: The only way to get that 80% back is by lifting the value or your currency...

FIREFLY: Sudani came back on television and he said the banking reforms will raise the value of the Iraqi dinar.

FRANK: Last year he said before the end of the year your currency will have purchasing power and it will have value added to it. It didn't happen...Then in January of this year, who became president? All we needed was a new president...

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