Central Bank of Iraq Governor “Working Quietly”
Central Bank of Iraq Governor “Working Quietly”
Reset Intelligence: 5-5-2026
Saturday at the Sin Dialogue Forum in Baghdad. The governor of Iraq’s central bank, Ali al-Alaq, told a room of decision-makers one phrase.
“We are working quietly.”
Alaq does not say that by accident.
Here is what the room got told next.
• Cash dollar imports cut from 14 billion to 4 billion in 12 months.
• 95 percent of dollar sales now move through the electronic platform.
• Foreign transfers covered daily, oil-export halt notwithstanding.
• 79 commercial banks queued behind it for digital banking licenses.
Note, this is not a status update. I would more appropriately classify as a plumbing diagram.
Without the plumbing, a new rate is a press release. With it, the rate transmits.
Read it again.
The wholesale rail is built. The retail rail is loading. Treasury can audit, sanction, and switch the platform off bank by bank. Meaning a clean IQD runs through pristine rails on both shores.
That is the difference between theatre and architecture.
Seat the chair. Pass the budget. Move the rate.
23 days.
Bessent on Sunday Morning Futures.
“We are suffocating the regime, and they are not able to pay their soldiers.”
Then he named the post-war price deck.
• Oil lower than going in.
• UAE out of OPEC.
• Most monopolies eventually collapse under their own weight.
We’ve said it before…The playbook that ran on Caracas in January is the playbook running on Tehran now.
100+ years of receipts on this exact pattern.
Today CENTCOM launched Project Freedom in the Strait of Hormuz.
• 15,000 service members.
• Over 100 aircraft. Guided-missile destroyers in the vicinity, not directly escorting per the Pentagon walk-back.
Two regimes now claim the right to direct the same ships in the same water.
Interesting to witness the first time a US destroyer interrupts an Iranian inspection in progress, the disagreement could be fire.
Watch the Strait this week.
The US dollar fell against the dinar in Baghdad and Erbil over the weekend.
The Kurdistan Region banned forex and crypto trading the same day. Plugging holes everywhere.
Meanwhile 79 commercial banks queued behind the central bank’s electronic rail for digital licenses.
The wholesale rail is built. The retail rail is loading.
Anyone else notice how quiet that was?
Source(s):
• https://x.com/EXIT_FIAT/status/2051255503318384825