💸🌍 “Dinar De-Dollarization? CBI’s Big Moves Signal Global Reentry”
📅 Mnt Goat Breakdown | August 2025
🏛️ ARTICLE 1: “Next Iraqi Gov Will Change Dollar Exchange Rate”
🗣️ An economist predicts the incoming Iraqi government will adjust the USD/IQD exchange rate, and for good reason:
💬 Quote:
“The salary bill accounts for the largest portion of oil revenues, leaving little for infrastructure or services.”
📉 Iraq’s oil dependency is draining its economy. With most of the nation’s income going to public sector salaries, there’s almost nothing left for growth.
🇺🇸 That’s why the U.S. is pressuring Iraq to diversify its economy and break its sole dependence on oil and the petro-dollar.
🔗 The bigger issue:
The dinar is pegged only to the dollar, and that can’t last.
💼 According to Mnt Goat:
“The IMF already has a basket of currencies ready for a new peg.”
But Iraq can’t switch to that basket until the dinar is globally traded — which means:
➡️ REINSTATEMENT (RI) must come first.
💱 ARTICLE 2: “Foreign Transfers Proceeding Smoothly”
🏦 CBI Governor Ali Al-Alaq confirms:
“Nearly all major currencies are covered... foreign exchange transactions are proceeding smoothly and with high fluidity.”
📦 This means that Iraq’s foreign correspondent banking system is now fully functional — a massive milestone!
✅ These channels are crucial for:
Paying for imports
Participating in global trade
Meeting IMF standards
Supporting a new currency peg
🧠 If Iraq can now move money globally, peg to multiple currencies, and reduce dependence on oil... the stage is nearly set for global currency reinstatement.
📌 Key Takeaways:
🇮🇶 Iraq will restructure its USD exchange rate under the next gov’t
🛢️ Moving away from oil is critical for long-term stability
💰 The dollar peg is outdated — the IMF’s basket peg is the future
🔁 Foreign exchange systems are fully online
🚨 A reinstatement is required before global peg changes can occur
📲 Stay tuned for more deep dives, expert analysis & real-time RV updates
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