Introduction: Iraq’s Financial Reforms Are No Longer Just Talk
According to MarkZ (via PDK), Iraq has officially begun implementing a new financial mechanism that directly impacts customs collections, banking operations, and cross-border money movement.
This is not speculation anymore. Pieces of the system are already being activated, and the timeline points clearly toward full implementation by December 31.
For those watching Iraq’s monetary reform closely, this development is significant—and potentially historic.
What Is the New “Mechanism” Implemented on December 1?
A key question was raised within the community:
“Anyone know what that new mechanism was that was implemented on December 1?”
MarkZ’s Answer
According to MarkZ, this new mechanism is:
A new customs collection system
Routed directly through Iraqi banks
Designed to change how money moves across borders
Previously delayed to allow full implementation by Dec 31 / Jan 1
This system modernizes Iraq’s customs operations and aligns them with international financial standards.
Advance Customs Declaration Is Now in Effect
An important clarification followed shortly after.
“Advance customs declaration comes into effect”
This confirms that:
The system is being implemented in phases
Components will roll out throughout the month
The goal is to have it fully operational by December 31
Why This Matters
MarkZ strongly believes that:
“They have to have the new system done with a new value to be fully implemented.”
In other words, a modern customs and banking system cannot function properly under outdated currency structures.
Featured Snippet: Key Insight
Iraq’s new customs and banking mechanism modernizes cross-border money movement and strongly suggests currency reform must accompany full implementation by December 31.
Developing Financial Markets: Iraq’s Reform Checklist in Motion
Another powerful article reinforces the same narrative:
“Iraq’s financial authorities have stressed developing financial markets”
This statement aligns perfectly with Iraq’s long-standing reform goals.
What These Reforms Aim to Achieve
According to Iraqi officials:
Lift purchasing power
Strengthen financial markets
Reform the national currency
Integrate Iraq into the global financial system
MarkZ emphasizes that Iraq is checking off items on its reform checklist, right before our eyes.
Currency Reform Requires Systems — Not Promises
Modern financial markets require:
Transparent customs operations
International banking compliance
Accurate valuation of currency
Controlled capital flows
You cannot fully implement these systems with a currency that lacks proper international value.
This is why many observers believe these reforms must coincide with a currency adjustment.
U.S.–Iraq Relations Strengthen: A Major Political Signal
Another critical development comes from Washington:
“The Iraq Embassy in Washington welcomes the U.S. House of Representatives vote to repeal the 1991 and 2002 authorizations for use of military force against Iraq.”
This is monumental.
Why This Matters
Officially ends Iraq war-era legal frameworks
Signals normalized relations
Strengthens the U.S.–Iraq partnership
Reinforces Iraq’s sovereignty
MarkZ adds an important reminder:
“Remember, we are leaving when we are paid. And we are leaving.”
This statement reflects long-held beliefs that final settlements—financial and political—are being completed.
Q&A: Most Common Questions Right Now
Q: What is the new mechanism Iraq implemented on December 1?
A: A new customs collection and banking system that controls cross-border money movement.
Q: Is the system fully active yet?
A: No. It is being rolled out in phases and should be fully operational by December 31.
Q: Does this system require a new currency value?
A: According to MarkZ, yes—full implementation likely requires a new valuation.
Q: Why does repealing war authorizations matter financially?
A: It signals normalized relations, sovereignty, and readiness for international economic integration.
Final Thoughts: Watch Closely — This Is Happening
Iraq is no longer talking about reform—it is executing it.
New customs systems ✔️
Banking integration ✔️
Financial market development ✔️
Political normalization with the U.S. ✔️
As MarkZ puts it:
“Watch things… it’s happening before our eyes.”
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MarkZ
[via PDK] Question: Anyone know what that new "mechanism" was that was implemented on dec 1? MarkZ: It was a new customs collection system to run through Iraqi banks…they were postponing it until Dec 31/Jan 1 to complete the implementation…this was to change how money moves across borders.
BUT... “Advance customs declaration comes into effect” They will be implementing pieces of it throughout the month. They want it to be fully up and running by Dec 31. IMO they have to have the new system done with a new value to be fully implemented. Watch things…it's happening before our eyes.
Article: “Iraq’s financial authorities have stressed developing financial markets “
These are the reform policies that they are continuing to talk about. They said they would institute these to lift the purchasing power and reform their currency. They are going through their checklist right before our eyes.
Article: “The Iraq Embassy in Washington welcomes the US house of Representatives vote to repeal the 1991 and 2002 authorizations for use of military force against Iraq.”
To repeal the Iraq war laws. This strengthens the partnership between the 2 countries. Remember we are leaving when we are paid. And we are leaving.