Majeed KSA: What Iraq has Already Achieved
5-18-2026
You must read this
Here is how the banking reform is done in Iraq.
What Iraq has already achieved.
Over the last decade, Iraq moved from an almost entirely cash-based and loosely controlled banking environment toward a more internationally supervised system.
Major progress includes:
• Electronic payment expansion
• Salary localization into bank accounts
• Stronger AML/CFT (anti-money laundering) rules
• Integration with SWIFT/global payment systems
• Restrictions on c*****t dollar transfers
• Bank audits and restructuring
• Financial inclusion growth
• ATM and bank card expansion
• Preparation for digital banking and possibly a digital dinar
The biggest turning point came after the U.S. Federal Reserve and Treasury forced Iraq to tighten dollar-transfer controls beginning around 2022–2023. That pressure effectively forced Iraq to modernize its banking oversight.
In 2025–2026, the Central Bank of Iraq launched what it openly called a “comprehensive reform project” with consulting firm Oliver Wyman.
That is one of the clearest signs that Iraq has moved from talking about reform to actually restructuring the banking sector.
The key point is this:
Iraq is no longer in the “planning only” phase.
It is now in the implementation and enforcement phase of reform. That is a major difference from most of the last decade.
Today CBI article May 17, 2026
The Central Bank of Iraq met with electronic payment companies to improve digital banking, strengthen regulations, modernize financial infrastructure, and enforce international compliance standards. The meeting shows Iraq is actively pushing toward a safer digital economy, stronger financial oversight, and broader banking reform implementation.
This article tells you:
This article suggests Iraq is now focused on:
• modernizing the payment infrastructure
• formalizing money movement
• tightening oversight
• reducing cash dependence,
• digitizing the economy and integrating into the global financial system.
That is exactly what a country in the implementation phase looks like.
So this article actually reinforces the earlier conclusion:
Iraq is no longer mainly discussing reform, it is actively restructuring parts of the banking system in real time.
Source(s):
• https://x.com/majeed66224499/status/2055656744429244470
• https://x.com/majeed66224499/status/2056112808434028707
See full post here: https://dinarchronicles.com/2026/05/17/majeed-ksa-what-iraq-has-already-achieved/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Thom Question: “Is there any information on the estimated price of IQD and VND?” I think IQD will be over $3.22 (likely over $4 imo), and VND will likely be a float (a very fast moving float when it goes). My opinions based and what I have researched.
Jeff As long as the US Treasury has removed Iraq from their OFAC sanctions list then all the banks within the United States will start exchanging the dinar. IMO when Iraq revalues the US Treasury will remove Iraq from the OFAC sanctions list at the same time.
Boot-On-The-Ground Guru Omar On the television we have our prime minister Zaidi. He said we’re going to start the next phase. We will see the launch of a “comprehensive economic and financial reform program” that will strengthen our national partnership and focus on improving services and fighting corruption…He said financial reforms can lead to giving the dinar more real value. But he said only if Iraq actually executes the deeper structural monetary reform behind the scenes…The type of reforms Zaidi is talking to us about are the same one that required before any currency can strengthen.
IQD News Update: Why the KWD Reinstated But the IQD Has Not
Edu Matrix: 5-18-2026
In this video, we explain one of the biggest misunderstandings in the IQD investment community. Many investors compare the Iraqi Dinar to what happened to Kuwait after the Gulf War, but the two situations are completely different.
The Kuwaiti Dinar was already internationally recognized and openly traded on global FOREX markets before Iraq invaded Kuwait in 1990.
After liberation, Kuwait’s banking system and currency simply returned to their previous internationally recognized value.
The Iraqi Dinar is different. The modern IQD was created after the 2003 war and has remained a heavily managed domestic currency controlled by the Central Bank of Iraq. Unlike the Kuwaiti Dinar, the IQD has never freely traded on the open international FOREX market.
In this video we discuss:
• Why Kuwait’s currency recovered
• What “reinstatement” really means
• Why the IQD is considered a closed currency
• The role of the Central Bank of Iraq
• Why there is no true global market price for the IQD
• The difference between speculation and international currency trading
This video is for educational and informational purposes only.
