Be Prepared
Iraq ordered 7.5 billion new notes, and now the old ones are hard to buy. Two ground channels describe the same street: the swap's first half is running.
Friday, August 28. On Monday Iraq ordered 7.5 billion new banknotes. Today the news from the ground is that you cannot buy the old ones. Cash machines in Baghdad are offline or rationing what they hand out. Transactions are running card-only. And in Kurdistan, government workers have days left to open a bank account, because the next salary arrives electronically or not at all.
Yesterday we logged one report of this and said the confirmation would not come from an announcement. It would come as more voices describing the same thing. That took 24 hours. A second channel, separate from the first, is now describing the same.
Today we walk through what the ground is reporting, what the state banked in public while the street went dry, and the calendar this all leans into. The title is not our slogan. It is the instruction the evidence keeps giving.
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