IRAQ AND BLACK MARKET STATUS
Iraq was given until June to kill the black market.
Dollar smuggling. Sanction evasion. Parallel FX rates.
It all ends by summer—or Iraq gets cut out of the new system.
And guess what?
They’re not waiting till June.
They’re moving now:
•The budget law was amended this week—quietly unlocking backlogged payments.
•The KRG oil meeting is set for April 19—and it’s only happening because payment terms are being honored.
•OPEC cuts just hit—meaning Iraq can’t afford any more time lost to internal disputes.
•And the U.S. is watching every transaction—forcing Iraq into full compliance, fast.
So here’s the real play:
They can’t reveal a new IQD rate until the black market dies.
But they also can’t wait until June.
The cleanup window is already closing.
The rate needs to be live and locked before they hit the final review.
We’re in the pre-reveal window right now.
Everything happening in April and May is a setup.
The only question left is when the signal drops.
