STATUS OF THE RV: Why the Evidence Keeps Pointing Forward, Not Backward
According to MNT GOAT, investors should stay optimistic — but grounded. This is not the moment to pop champagne just yet, because the show is not over until it is truly over. However, the accumulation of facts, data, and real-world developments continues to build unmistakable pressure toward Iraqi dinar normalization.
The question is no longer if Iraq will complete its monetary reform — but when.
CBI Timing: Removing the Zeros Is Still on the Table
As we move through mid-December, the Central Bank of Iraq (CBI) still has multiple viable options on the table:
Possible Scenarios
Removal of the zeros before January, with a January release
Removal of the zeros
in early January, with a late-January releaseA flexible January window — not necessarily January 1st
Continued preparation leading toward early 2026 normalization
The key takeaway: there is no single fixed date, and the CBI has strategic flexibility.
Why Early 2026 Keeps Appearing in the Data
Despite near-term optimism, the weight of evidence increasingly points toward early 2026 as the period when Iraq may fully normalize the dinar and place it back on FOREX for international trading.
This conclusion is not based on speculation alone, but on:
Economic readiness
Infrastructure completion
Revenue diversification
Private sector activation
Institutional alignment
And yes — more supporting evidence continues to emerge.
Propaganda vs Reality: The “Massive Debt” Narrative
One of the most frustrating elements for informed observers is the persistent propaganda coming from certain economists.
The Myth of “Massive Iraqi Debt”
Many articles claim Iraq is drowning in debt — but fail to explain:
❌ Contractors’ unpaid dues? No.
❌ Unpaid salaries to citizens? No.
❌ Sovereign default risk? No.
What they often label as “debt” is more accurately described as future liabilities, a very different concept.
This confusion may even stem from poor Arabic-to-English translation, where the nuance between liabilities and debt is lost.
The Rentier Economy — And Why It’s Being Fixed
Yes, Iraq has relied heavily on oil revenues. This is known as a rentier economy.
But here’s what many economists conveniently ignore:
Iraq knows this problem
Iraq is actively correcting it
Structural reforms are already underway
As MNT GOAT reminds us:
Rome was not built in a day.
Ignored by Critics: Major Revenue-Generating Projects
What propaganda articles often fail to mention are Iraq’s game-changing projects:
Key National Projects
Development Road Project
Grand Port of Faw
Reopening of the Ceyhan oil pipeline
Customs and tariff revenue systems
Some of these projects are:
Already generating revenue
In advanced implementation stages
Capable of producing massive future income
So the question becomes:
👉 What exactly is “wrong” with that?
Why Potential Matters More Than Headlines
Most of these initiatives are less than four years old. Large-scale national projects:
Take time to reach full capacity
Gradually shift employment to the private sector
Reduce government payroll burdens
Lower long-term pension obligations
Everything is interconnected, and the system is working as designed.
And that’s before even mentioning Iraq’s vast natural resources, many of which are nearing market readiness.
Pressure Is Building — And the CBI Knows It
MNT GOAT makes a critical point:
The “gatekeepers” of Iraq and the CBI will decide when to reinstate the dinar — based on progress, not hype.
And now, increasingly, they are all concurring:
The Message Is Clear
🟢 The timing is ripe
🟢 The pressure is building
🟢 The reforms are aligning
🟢 The economy is pivoting
As stated bluntly:
They are telling us NOW IS THE TIME.
Featured Snippets (Google Discover Optimized)
🔹 Is the Iraqi dinar RV happening in January?
January remains a flexible window, but growing evidence points to early 2026 for full normalization.
🔹 Does Iraq really have massive debt?
Much of what is reported as “debt” is actually future liabilities, not traditional sovereign debt.
🔹 What supports dinar reinstatement?
Economic diversification, infrastructure projects, private sector growth, and CBI readiness.
Q&A: STATUS OF THE RV Explained
Q: Should investors celebrate now?
A: No. Optimism is justified, but patience remains essential.
Q: Is removing the zeros still planned?
A: Yes. Multiple timing scenarios remain possible.
Q: Why ignore negative economist articles?
A: Many omit critical data, long-term projects, and economic potential.
Q: What’s driving pressure on the CBI?
A: Accelerating reforms, revenue growth, and structural alignment.
Final Perspective
The truth about Iraq’s economy is far more optimistic than many headlines suggest. As investors, focusing on facts, progress, and verified developments — not propaganda — is essential.
📈 The story of Iraq is being written now — and it is far from negative.
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STATUS OF THE RV
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If I were you, I would keep the champagne in the frig. The show is not over until the fat lady at the circus sings….. lol.. lol.. 
It is mid-December and the CBI may still go ahead with removing the zeros in time for a January release or in January. Oh… but remember it does not have to happen exactly on January 1st as there are thirty-one days in the month. They could also change the plan and remove the zeros in early January and release in late January. There are options.
There is much more evidence than not that everything is pointing to early 2026 for them to normalize the dinar and place it back on FOREX to trade. Today we put together yet more evidence, again.
So much news this period and it was hard to keep up with it. There is so much real optimism and VERY GOOD news for Iraq and yet there is still lots of propaganda news. This propaganda is all silly stuff authored by silly economists about Iraq. If you notice the news articles of this type they often talk about Iraq having massive debt. Really- massive debt?
Where is all this debt I have to ask? Is it owing contractors for their dues? Is it unpaid salaries to the citizens? No, it is none of these. It is in FACT not debt but future liabilities I think perhaps they are talking about and this is much different. So maybe the translation from Arabic to English changes the meaning? Of course, there are liabilities and that is the rentier economy we read about so often. This is the point of getting off of oil as the sole sources of revenues. But we all know about this move and it is realized and is in the state of being corrected. But Rome was not built in a day…. Lol… lol… lol. .
Many of these economists also don’t want to mention the ongoing projects such as the Development Road Project, the port of Faw or the reopening of the Cyan oil pipeline that can almost double the oil revenues. Oh…. did I mention the Customs and Tariff revenues? Some of these projects and more at the implementation phases and some are generating real revenues already with potential for more, massive amounts. So, what’s so wrong with that?
So, they don’t talk much about POTENTIAL. Why is this? Most of these projects are recent within the last four years and take time to come to full capacity for revenue generation for the federal government. These projects will lessen the liabilities as they will take jobs away from the government and place them in private industry.
This will lessen the payroll files and it will also lessen govt pensions. It is a slow process. So, you see it all works together and are interconnected, and I have not even begun to mention the natural resources available that is also in the making to be marketed soon, very soon! I will leave it to the “gatekeepers” of Iraq and the CBI to decide when to reinstate the dinar based on all these new developments. They are now all concurring the time is ripe now.
So, seriously where did these Iraqi economists get their education from anyhow? Why so short-sided in their research? Yes, it is disheartening when you read these silly articles from these economists. I have made up my mind to pass over these silly articles and go directly to the progress of Iraq and instead tell the TRUE story of Iraq. As investors in the Iraqi dinar, we need to hear optimistic and truthful news and it is all optimistic let there be no mistake about it. Please go read the recent article titled “RESEARCH CENTER: IRAQ IS AT A PIVOTAL MOMENT TO ADDRESS ITS ECONOMY AND REVIVE THE PRIVATE SECTOR.”
You might also want to take a peek at the article titled “THE IRAQI ECONOMY IN 2025: PIVOTAL TRANSFORMATIONS BETWEEN AMBITION AND CHALLENGES”. It is a very long read, but addresses so much about the Iraqi economy and where it is going. It is not decades but maybe just a few years at most. The reinstatement will help them to get there. Remember I told you that at some point the pressure will build with all the progress Iraq is making. I did not know this point and can only rely on what my contact in the CBI along with the articles were telling us. They are telling us NOW IS THE TIME!
https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/