Wednesday, November 26, 2025

🚨 MNT GOAT HIGHLIGHTS — Iraqi Elections & Al-Sudani’s Second Term 🚨

 🚨 MNT GOAT HIGHLIGHTS — Iraqi Elections & Al-Sudani’s Second Term 🚨

🗳️ Elections in Focus:

  • Iraq is preparing for the next government formation — Prime Minister, President, and Speaker of Parliament 🇮🇶

  • Al-Sudani has the best chance at a second term due to strategic alliances within the Coordination Framework 🤝

  • Top candidates for PM:
    1️⃣ Mohammed Shia al-Sudani
    2️⃣ Nouri al-Maliki
    3️⃣ Hamid al-Shatri

  • Some investors worry if Nouri al-Maliki gains power — could be destabilizing ⚠️

💬 US Involvement:

📌 Election Implications for Investors:

  • Al-Sudani’s second term would keep financial reforms on track, including the removal of zeros and dinar reinstatement 💰

  • Coordination Framework block plays a key role in deciding the next government ✅

  • The US still has signoff power on any currency reinstatement, especially regarding security and militia issues ⚖️

💵 Dinar Revaluation Update:

  • Project to remove three zeros from the Iraqi dinar is underway 🪙

  • Process is gradual, meticulously planned, aiming for financial stability while unlocking currency potential

  • Expected start: December 1st — initial stage may take about a month ⏳

🙏  Investor Takeaway:

  • News and actions show Iraq moving closer to the next phase of financial reform

  • Keep monitoring the election outcome and US influence — these will impact the timing of the Dinar Revaluation 🌍

🔗 Follow & Join the Discussion:
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🐦 Twitter: Dinares Gurus
▶️ YouTube: Dinar Revaluation

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Second Issue: The Elections

The elections and getting al-Sudani a second term. Then what will the US want out of the new government?

If you want to catch up on the process of electing the next prime minister, president and speaker of parliament, I bring you three important articles on this subject matter you might want to take a look at.

  • AL-RUBAIE SETS A DATE FOR THE START OF CONSULTATIONS TO FORM THE NEXT GOVERNMENT AND REVEALS DETAILS OF THE FRAMEWORK COMMITTEES.

Former MP Ayoub Al-Rubaie set on Thursday the date for the start of official consultations regarding the formation of the next government, stressing that the coordination framework has prepared more than one special committee to accelerate the pace of the decision.

  • “THE FRAMEWORK REDUCES THE CANDIDATES FOR THE PREMIERSHIP TO 3, AND A COMPREHENSIVE MOVEMENT IS UNDERWAY TO NAME THE PRESIDENCIES.”

An informed source revealed on Thursday the three most prominent candidates for the position of Prime Minister. He added that “there are 3 candidates, one of whom will be named through voting within the framework, namely the outgoing Prime Minister Mohammed Shia al-Sudani, the head of the State of Law Coalition Nouri al-Maliki, and the head of the intelligence service Hamid al-Shatri.”  Just so you know I had shivers down my spine when I read the name Nouri Al-Maliki. If he gets the job we may be doomed, Iraq is doomed. How in hell did he ever wiggle his way in position again to even be considered? Does this show you how corrupt the process can be?
So the show is not over until the fat lady sings…lol.. lol.. lol..

  • “AL-KALABI POSES 18 QUESTIONS TO THE FRAMEWORK REGARDING AL-SUDANI’S PERFORMANCE AND CALLS FOR A PUBLIC DEBATE.”

Former MP Youssef Al-Kalabi addressed an official letter today, Thursday, to the leaders of the Coordination Framework and the committee tasked with interviewing applicants for the position of Prime Minister, demanding that caretaker Prime Minister Mohammed Shia Al-Sudani be held accountable for a number of files that he said were “documented with evidence,” should the latter apply to occupy the position again.

So, the Coordination Framework block will once again decide on the next government since al-Sudani’s party has united and given them all his votes. I guess his strategy is that either he has the best chance of having a second term this way or else he will now be a major player in the selection of someone else. Either way he hopes he can keep the train rolling down the tracks for the financial reforms and what we are looking for – the removal of the zeros and the follow-up reinstatement.

But remember there are still these five (5) issues of the U.S. still lingering and the U.S. has signoff power for any reinstatement to happen. So, in looking at these five issues we must also be open-minded and that the result may not be what we imagine in our heads. For instance in dealing with the Iranian backed militias inside Iraq, the U.S. could potentially settle for their prime minister choice, then work with him to come up with a plan to deal with the militia in the long-term.

You might want to take a long read of today’s article titled ““A HIGHLY ANTICIPATED US VISIT AND SAVAYA’S APPEARANCE AT THE PENTAGON SEND STRONG MESSAGES ABOUT A “COMPLETELY DIFFERENT PHASE” IN IRAQ.” This article ties directly into our second issue thread of today in that the elections could effect everything if they decide to put a Bozo as the prime minister. In the article is states “What does Washington have up its sleeve?”. I reallylike this statement as it says it all.

Baghdad is preparing to receive a high-level American delegation in the coming days, at a time that suggests Washington has decided to move from a phase of quiet observation to one of targeted intervention, coinciding with the redrawing of the power map after the elections. The visit comes as the controversy surrounding the surprise appearance of US Special Envoy Mark Savaya —a move widely interpreted as a direct political message rather than a routine meeting.

Political sources confirmed to Baghdad Today that the American delegation’s visit is not merely a protocol visit, but rather carries a clear position regarding the formation of the next government. Washington wants a stable and effective government that does not reflect parallel power structures between the US and Iran.

There are also two other articles that also address the same issue as follows and you might want to take a peek at them too:

“US WILL NOT ACCEPT ‘OUTSIDE INTERFERENCE’ IN IRAQ’S NEW GOVERNMENT, SPECIAL ENVOY SAYS”

“DIRECT CONTROL FROM “SAFAYA-TRUMP”: IS THE WHITE HOUSE SHAPING THE GOVERNMENT INSTEAD OF IRAQI FORCES? – URGENT Soft change”

We as investors as well as the U.S. government under the Trump administration are waiting for the results of the election. I do not think they will come out with the prime minister until after US Special Envoy Mark Savaya’s visit. Al-Sudani has the BEST chance of having a second term. Since he moved his votes to the Coordination party his chances increased tremendously. This meeting is happening this week prior to Thanksgiving. So, if I hear any good news I will have a short Newsletter on Thursday to inform you of what news may come out of it. I will also have my normal Wednesday call to Iraq and so I will also let you know what my contact believes will happen next. Let’s pray it is what we want and the CBI can move ahead with the planned next phrase of the currency reform which is really a long awaited financial reform on steroids.

Remember that your appreciation keeps this Newsletter alive and helps with the calls to Iraq. If you have not yet helped out this month or feel a need to help again please do so. I feel the combination of the calls, the articles and rumors help to clarify what is happening in Iraq on this subject matter. I do not go to only one source such as a three-letter bullshit agency, or a bank manager then believe all their crap. Remember that this guy TNT Tony and his brother Ray as well as MarkZ or even Bruce may sound very convincing and have their members all brainwashed. But I had the exact same contacts trying to convince me of this every day stuff too over the last decade and I simply refused to believe their bullshit based on the FACTS that I knew. I used my own common sense and experience with the Iraqi people to help figure this out. I don’t need the hype or lies.

“This ambitious project aims to rename the Iraqi dinar by removing three zeros from its nominal value to better reflect the country’s growing economic strength. This move, which has been the subject of rumors for years, is currently under active development, with comprehensive studies and simulations having been completed. According to the Governor, the process will be gradual and meticulously planned to ensure financial stability while unlocking the currency’s true potential. “

So we must conclude by connecting all the pieces of the news. This recent news is telling me they intend to begin the project to delete the zeros on December 1st. They will have a month complete this stage of the process.

So, again I have to ask you as a reader of this analysis- What do you think is happening? Are they going to move ahead this time with removing the zeros or not? Will the reinstatement follow? Will you be rich? 

I also at this time I have to ask for appreciation from my readers. Again, I ask because this is a second job for me now and I would like to get some appreciation for the job I do. Would you work for nothing if you were in my shoes. We must all now step up. 

We must continue our prayers for the Iraqi people and the future of Iraq. Let God’s abundance and prosperity rein down upon that nation.

at

“Nader from the Middle East: 💸 Iraq Dinar & Banking Updates That Might Impact 2026! 🌍⚡”

 


at

🚨 MNT GOAT HIGHLIGHTS — Secret Operations Room & Dinar Stability 🚨

 🚨 MNT GOAT HIGHLIGHTS — Secret Operations Room & Dinar Stability 🚨

💼 The Silent Backbone of Iraq’s Economy:

  • The Investment Department of the Central Bank is described as the “silent backbone” of Iraq’s economy alongside oil 🛢️💪

  • Manages foreign reserves, government bonds, gold, deposits, and low-risk instruments to maintain financial stability 🌍

📊 Key Insights:

  • Central Bank ensures operational continuity and manages risks associated with oil revenue currencies ⚖️

  • Preparing for stable monetary reform, waiting for the “safest moment” before major steps ⏳

  • Exchange rate adjustments (appreciation or restructuring) require robust systems capable of absorbing shocks 💥

🌐 Global Standards & Integration:

  • Cross-border payments transitioning to ISO 20022 📡

  • Banks must follow ICAAP model and pass stress tests to withstand:

    • Exchange rate fluctuations up to 30% 💹

    • Oil price collapses 🛢️

    • Sudden runs on deposits 🏦

  • These steps align Iraq with IMF, US Treasury, BIS, and international correspondent bank requirements 🌍

💵  Impact on the Dinar:

  • Iraqi dinar currently “blocked” from the global forex market ❌

  • New standards remove obstacles, enabling more stable & transparent exchange market

  • Reduces pretext for international banks to avoid direct dealings in dinars ✅

🔑 Bottom Line:

  • Iraq is nearing the end of its forced peg (2021–2025)

  • Oil generates funds, but the Investment Department ensures they are protected from market fluctuations 💰

  • Strong reserves + stable banking sector = key factors in future of the dinar 🚀

✨ Investor Takeaway:

  • This isn’t just theory — Iraq is laying the infrastructure for real monetary reform

  • The dinar’s future depends on CBI strategy, banking stability, and global integration 🏦

🔗 Follow & Join the Discussion:
🌐 Blog: Dinar Revaluation
💬 Telegram: Dinar Revaluation
📘 Facebook: Dinar Revaluation
🐦 Twitter: Dinares Gurus
▶️ YouTube: Dinar Revaluation

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LEARN ABOUT THE “SECRET OPERATIONS ROOM” THAT MONITORS THE PULSE OF THE IRAQI ECONOMY AND PROTECTS THE DINAR FROM FLUCTUATIONS.

While the domestic debate continues regarding the exchange rate and the future of the dinar, the Central Bank of Iraq’s recent statement on the tasks of its Investment Department has revealed another dimension to the monetary landscape—one that is deeper, less visible, yet highly influential. This department, which manages foreign reserves and balances global market risks, is now described by economists as the “silent backbone” of the Iraqi economy, alongside oil, and the foundation upon which the most significant financial transformations underway in the country are taking place.

Economic expert Nasser al-Tamimi confirmed to Baghdad Today that the department has transformed in recent years from a traditional bureaucratic unit into a true center of gravity, preserving the stability of public finances and defining the Central Bank’s room for maneuver in the foreign exchange market. He told Baghdad Today that the prudent management of foreign assets—from government bonds to gold, deposits, and low-risk instruments—has enabled Iraq to weather the waves of global market turmoil and mitigated the impact on the dinar and the country’s financial balance.

The Central Bank’s technical statement, while employing specialized language regarding balances, transfers, and investment plans, nonetheless attracted the attention of international experts who analyzed its implicit messages. Bankers point out that the Central Bank’s explicit declaration that the department’s activities aim to stabilize the exchange rate does not necessarily mean an immediate appreciation of the dinar. However, it is a strong indication that preparations for a stable monetary reform have effectively begun. These experts believe the Central Bank is waiting for the “safest moment” to take any significant steps, given the extreme sensitivity of the Iraqi market. Any adjustment to the exchange rate system—whether an appreciation or a restructuring—requires a robust structure capable of absorbing shocks.

At the heart of this shift, two phrases in the Central Bank’s statement caught the attention of experts: “operational continuity” and “risks associated with oil revenue currencies.” These are phrases typically used in international contexts related to deep monetary reforms and preparing for potential fluctuations that may accompany opening up to global markets. Specialists interpret this as part of restructuring Iraq’s financial sector infrastructure in line with IMF recommendations, the requirements for joining the World Trade Organization, and gradual integration into the global financial system.

However, the most sensitive transformation is not limited to the investment sector alone, but encompasses an entire system being developed in parallel. Starting Saturday (November 22), all cross-border payments in Iraq will transition to the ISO 20022 standard, the system adopted by the most advanced economies. Furthermore, all banks in Iraq have been mandated to finalize their capital plans according to the ICAAP model and undergo rigorous stress tests to demonstrate their ability to withstand exchange rate fluctuations of up to 30%, a collapse in oil prices, or a sudden run on deposits, while maintaining their solvency.

Economists believe these two steps are not merely technical updates, but rather represent—quite literally—the final two key conditions that the International Monetary Fund, the US Treasury Department, the Bank for International Settlements, and major correspondent banks in New York and London stipulated must be met before Iraq could fully participate in the international foreign exchange market. They emphasize that the fundamental problem with the dinar today is not its market value, but rather that Iraq remains “blocked” from the global exchange market, and that adopting Basel III-ICAAP and ISO 20022 standards is what will pave the way for gradually lifting this blockade.

Analyses indicate that the Iraqi dinar remains trapped in a restricted market, unable to be traded in large quantities except through the daily dollar auction. Furthermore, prior to adhering to the new standards, local banks appeared structurally unstable to international banks, and their payment channels relied on outdated SWIFT systems dating back three decades, placing them under suspicion of money laundering.

Now, with banks required to disclose their actual capacity to absorb shocks, the pretext that prevented major international dealers from dealing directly in dinars is diminishing.

In this context, experts believe that Iraq is nearing the end of the “forced peg” of its exchange rate, which effectively began in October 2021 when it was announced that “the rate will remain fixed until 2025.” With this date approaching and the technical requirements for monetary reform being finalized, some believe that Iraq may be entering a new phase that might not be a direct revaluation of the dinar, but which will at least pave the way for a more stable and transparent exchange market.

Al-Tamimi concludes by saying, “Oil provides the funds, but it is the investment department that ensures those funds are not lost to market fluctuations.” He adds that the next phase may witness an expansion of the department’s role in regulating monetary policy, and that the strength of reserves and the stability of the banking sector will be the most decisive factors in the future of the dinar.


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🚨 COFFEE WITH MARKZ / PDK Highlights — RV & Tier 4B Discussion 🚨

🚨 COFFEE WITH MARKZ / PDK Highlights — RV & Tier 4B Discussion 🚨

💡 Key Takeaways from MarkZ & Community Call:

  • 🕵️‍♂️ Tier 4B Notification: Original plan was to notify Tier 4B groups first (Indian Nations, churches, PP’s, etc.) and then announce to the public 1–2 weeks later — like Kuwait RV. Internet makes this tricky now 🌐.

  • 🔒 NDAs likely used to prevent early disclosure of exchange rates for certain tiers.

  • 📅 Financial Reform Timeline: Oliver & Wyman Report → implementation Jan 1, 2026. Pre-customs payment system in Iraq → Dec 1, 2025.

  • 💹 CBI Stability:

  • 🏦 CBI Independence: Politicians cannot force exchange rate changes — only the Central Bank decides ⚖️

  • ⏳ Redemption & Banking Contacts: Some are “on call” over holidays — indicates readiness and planning for RV 💼

  • 🎇 Notification: Dinar Recaps & other gurus will alert mailing lists; banks require you to call for appointments.

  • 🙏 Investor Takeaway: Patience is key — “the waiting is the hardest part…hopefully it’s over soon.”

✨ Bottom line: Iraq has stability, security, and a clear plan in place. RV + NESARA could be closer than some think 🚂💰

🔗 Follow & Join the Discussion:
🌐 Blog: Dinar Revaluation
💬 Telegram: Dinar Revaluation
📘 Facebook: Dinar Revaluation
🐦 Twitter: Dinares Gurus
▶️ YouTube: Dinar Revaluation

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 Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good morning Mark, Mods. and all Dinarians from all over the Earth!

Member: Happy Thanksgiving weekend to all….

Member: Mark, what makes more sense tier 4b gets notification exchange then couple weeks later the general public hears it on news or go same time? 

MZ: That is a good question and one that I go back and forth with. There was about 10 days between when (their version of 4B) went and the general public when Kuwait RV’d . But with the internet I believe that would be really tough to do now. 

MZ: I know they would love to do it that way….Maybe we all get notifications to exchange and then 10 days or two weeks later announced to the public. That was the original plan. They originally wanted to bring in all the groups, Indian nations, church groups, PP’s ect…..then a week or two later and announce it to the general public, This would provide liquidity to the bank system.  That was the original design. 

MZ: But now, in this interconnected world…..with so many people in on it….can they logistically pull it off now?  I know they still want to quietly roll it out to the groups first….If they do it this way…there will be a NDA until it is public. Hopefully only a few weeks if that is the case. 

Member: Hope the Gen64 group is one of the early groups to go. 

Member: The general public doesn't hold foreign currencies, do they? nothing significant I wouldn't think.

Member: Many of us gifted folks dinar and dong over the years……..they are not following the RV at all…

Member: I handed some close friends currency, told them to hold on to it!! I hope they didn’t end up writing their grocery list on it and toss it out!!

Member: Regarding NDA's – to me it make sense that NDA's would be used for 4B so that they don't divulge Rates of Exchange to Tier 5 people since rates are different?

MZ: If there is a big rate discrepancy …yes there may be a NDA on rates only… ..but I have not specifically been told that……… but it makes sense. 

Member: RV Notification: the August Oliver and Wyman Report states financial reform implementation on the ground is Jan 1, 2026. Sudani echoed

Member: A lot of podcasters talking about Dec 2.

Member: Many think the Dec 1st implementation of pre customs payment system in Iraq big deal 

Member: (From Dinar Guru) Mnt Goat   ...the CBI has been telling us for over a decade they need SECURITY and STABILITY to pull this RV off...in fact Iraq does now have the stability they need...they know the dinar is already stable with the policies now in place...We are there!  ...we can clearly now see that the next step is the move to removing the zeros and then to reinstate the dinar.

MZ: We are there.

Member: (From Dinar Guru) Frank26  It's amazing to see the CBI be so bipolar.  One minute they tell you they're going to give you [Iraqi citizens] purchasing power, the next minute they say, yeah but everything is stable.  It causes you citizens to think you're not gonna get anything...Don't let this confuse you.  They have to deny the truth.. .They are trying to put a big obstacle in front of the face of the investors.  That's what's happening right now...We are inches away.

MZ: Spot on Frank. They go back and forth in the news to disguise and cloud the timing.

MZ: In Iraq “ Pressure on Iraq to change its exchange rate is a interference with its independence”  From Nassieri. He says after the election there is pressure to change the rate and Nasseiri says politics doesn’t get to do that….the CBI is the only one who gets to do that. Politicians cannot force them to change the value. 

MZ: “ Fitch affirms Iraq at a B- and the outlook is stable”  They say they are in great shape with inflation …just 1 % inflation. 

MZ: the bond side has meetings today, tomorrow and Friday in Asia….they don’t do Thanksgiving. I do not have anyone in Reno with big meetings going on this week. 

MZ: Groups have been quiet. I think we may not hear anything in the next few days…..But in this quiet -it would be a great time to do it. 

Member: Are the redemption people home for Thanksgiving, or are they working?

MZ: One of my banking/wealth management/redemption contacts was asked to stay “on call” within 100 miles or so over this weekend…..to be available within a few hours. That they still want them close and available is a positive sign. 

Member: How did you get involved in this investment Mark?

Mark tells his personal story how he heard about the dinar and other currencies  revaluations…listen to replay for this story. 

Member: We are grateful for how you got involved in this. Thanks for sharing!!

Member: How will we know when the RV happens?

Member: Dinarrecaps said a couple years ago they would change their symbol to look like fireworks when it's time for notification …and everyone will see it at the same time

Member: Mark will do a special podcast. As will all the other gurus…..plus all the dinar sites….It will be posted everywhere…..you will not miss it. 

MZ: Dinar recaps and others will be notifying everyone on their mailing lists…..the banks told me they are sending this info to all these sites with their contact and appointment information …then you call and make an appointment …..The banks want you to call them ….They want our business.

Member: "When all HOPE appears to be gone, the switch will flip and RV-NESARA will happen. We're close.

Member: The waiting is the hardest part…hopefully its over soon. 

Member: Blessings to everyone have a Wonderful Blessed Thanksgiving tomorrow.

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“December 1st in Iraq: A Potential Turning Point for Your Money”

 


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🚨 MNT GOAT HIGHLIGHTS — Parallel Market & CBI Update 🚨

🚨 MNT GOAT HIGHLIGHTS — Parallel Market & CBI Update 🚨

💵 Parallel Market vs Official CBI Rate:

  • Spikes in the parallel market 🏦 do not mean the CBI will change the official rate.

  • Increasing the official rate (e.g., 1320 → 1400/1440) would lower the dinar’s value, not raise it ❌.

  • CBI is committed to monetary stability — no knee-jerk reactions. ✅

📊 Why the Dollar is Rising Temporarily:

💡 Misguided Predictions:

  • Nabil Al-Marsoumi predicts 180,000–200,000 dinars per $100 → would harm Iraq’s economy ⚠️

  • Alaa Al-Fahad: non-oil revenues remain a challenge, but reforms are in motion 🌱

🏦 CBI & Financial Reforms:

  • Investment Department = “silent backbone” of the economy 💪

  • Foreign reserves > $100B 🌍

  • CBI manages forex & public finances prudently

  • Comprehensive reform package includes:

    • De-dollarizing Iraq 💵

    • Mandatory electronic salaries in Baghdad & Kurdistan 💳

    • Ending currency auctions, moving to correspondent banks

    • Customs & Tariffs reforms (Ascuda System)

    • ISX Stock Market reforms 📈

    • Insurance & banking reforms 🏦

    • Development projects: Port of Faw, road infrastructure 🚧

  • These measures are long-term and carefully planned ⚡

🙏 Investor Takeaway:

  • Spikes in the parallel market are expected and temporary

  • Focus on facts and ongoing reforms, not outdated articles or media hype

  • Digital salaries + currency reform = key steps toward future RV 🚀

🔗 Follow & Join the Discussion:
🌐 Blog: Dinar Revaluation
💬 Telegram: Dinar Revaluation
📘 Facebook: Dinar Revaluation
🐦 Twitter: Dinares Gurus
▶️ YouTube: Dinar Revaluation

✨ Bottom line: CBI is in control, reforms are in place, and the “train” 🚂 toward monetary stability and digitalization is moving — carefully, but steadily!

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First Issue: The Parallel Market Rise

There is still the lingering issue of the parallel market vs the ‘official’ CBI rate. To have stability in the economy the CBI must control the parallel market. Recently there seems to be ongoing spikes in the parallel market and many believe this can be resolved with an increase in the ‘official” CBI rate. When any of these articles I present today talk about a rate increase they are actually talking about increasing the amount of dinar to buy 100 US dollars like increasing from 1320 to 1400 or 1440. So this is not a good thing as it actually decreases the rate of the dinar against the dollar. We want the inverse. Get it?

Why do many economists feel the issues with the dollar recently can be resolved by raising the ‘official’ CBI rate again to over 1320 to something like 1400 or 1440 to fix the dollar crisis. But will it? What other issues are involved that will be impacted if the CBI did change the rate?

😊In the article titled “AN ECONOMIST IDENTIFIES A REASON BEHIND THE SUDDEN RISE OF THE DOLLAR AGAINST THE IRAQI DINAR” on Tuesday, economist Manar Al-Obaidi attributed the rise in the exchange rate of the dollar against the Iraqi dinar in the parallel market to the imminent implementation of the customs pre-calculation mechanism. While praising this mechanism, he said that despite its temporary side effects on the local market, it will raise the country’s customs revenues to 6-8 trillion dinars annually. So, the key word here is temporary

The he added that “despite the widespread talk about an intention to change the official exchange rate, the Central Bank’s statement was clear and decisive: ‘There will be absolutely no change in the exchange rate,’” adding that “this announcement alone confirms that the Central Bank is committed to monetary stability and will not make any changes to the official rate.” Now I want to reiterate again this is not the exchange rate that we are looking at for our RV. Iraq is still on the sole peg to the dollar. Remember also this is actually a good thing in that the CBI is not going to change the exchange rate as they would change it to something like 1400 or 1440 that actually lowers the value of the dinar not make it greater.

So, I want everyone to understand today that the mess they are in about the customs and tariffs and the wide speculation in the increase in revenue it will generate that this comes with a price as the price of goods may go up since they cost more for the importer. Get it? But the Iraqi economy must adjust. Does this increase the purchasing power of the citizens? No, of course it will decrease but not enough to cause massive inflation. The CBI knows this and is not going to make ‘knee jerk’ reaction and raise the official rate to 1400 or 1440 just because some economists write their ‘opinion’.

We see this absolute silliness even more in one of today’s article (among many) titled “AN EXPERT QUESTIONS THE ANNOUNCED INVESTMENT FIGURES IN IRAQ, PREDICTING A SIGNIFICANT RISE IN THE EXCHANGE RATE” when on Saturday, 11/22 Nabil Al-Marsoumi, an economics professor at the University of Basra, questioned the amounts announced for investment in Iraq, while predicting a “significant” increase in the exchange rate. He also called for reforming the salary system and “moving away from media hype in assessing the Iraqi economic reality.” But remember his version of increasing the exchange rate is to go backwards not forwards. Get it? I do not feel his predictions will happen, he is purely speculating and economists should not do this. They should stick to FACTS and Al-Marsoumi is not well-informed.  

Al-Marsoumi, noted that “the exchange rate should be changed, and I expect it to be between 180,000 and 200,000 dinars per 100 dollars.” WOW this would absolutely kill the Iraq economy. Do you see how silly these solutions are? They do not take into consideration all aspects of the economy. Then in contrast, economist Alaa Al-Fahad described the weakness of non-oil revenues as a “major problem”. Yes, we already know that Iraq must diversify and under the leadership of al-Sudani this plan is already in motion. Why don’t they mention all the good reforms like almost doubling the oil revenues since Kurdistan reopened the major pipeline to the Basra ports along with the new wells being drilled. Seems their cup is always half empty rather than half full. But I have to add that Al-Marsoumi’s suggested solution tops them all for stupidity. This is not just my opinion but comes from my CBI contact when we reviewed many of these articles over the weekend in my call to Iraq.

Everyone should go read today’s article titled “LEARN ABOUT THE “SECRET OPERATIONS ROOM” THAT MONITORS THE PULSE OF THE IRAQI ECONOMY AND PROTECTS THE DINAR FROM FLUCTUATIONS” in full contrast to Al-Marsoumi’s suggested knee-jerk solution to the problem of the parallel market.

While the domestic debate continues regarding the exchange rate and the future of the dinar, the Central Bank of Iraq’s recent statement on the tasks of its Investment Department has revealed another dimension to the monetary landscape—one that is deeper, less visible, yet highly influential. This department, which manages foreign reserves and balances global market risks, is now described by economists as the “silent backbone” of the Iraqi economy, alongside oil, and the foundation upon which the most significant financial transformations underway in the country are taking place.

Economic expert Nasser al-Tamimi confirmed to Baghdad Today that the department has transformed in recent years from a traditional bureaucratic unit into a true center of gravity, preserving the stability of public finances and defining the Central Bank’s room for maneuver in the foreign exchange market. He told Baghdad Today that the prudent management of foreign assets—from government bonds to gold, deposits, and low-risk instruments—has enabled Iraq to weather the waves of global market turmoil and mitigated the impact on the dinar and the country’s financial balance.

The Central Bank’s technical statement, while employing specialized language regarding balances, transfers, and investment plans, nonetheless attracted the attention of international experts who analyzed its implicit messages. Bankers point out that the Central Bank’s explicit declaration that the department’s activities aim to stabilize the exchange rate does not necessarily mean an immediate appreciation of the dinar.

Here’s the part that I like most in this article and I quote – “However, it is a strong indication that preparations for a stable monetary reform have effectively begun. These experts believe the Central Bank is waiting for the “safest moment” to take any significant steps, given the extreme sensitivity of the Iraqi market. Any adjustment to the exchange rate system—whether an appreciation or a restructuring—requires a robust structure capable of absorbing shocks.”

It becomes obvious when economic experts like Nasser al-Tamimi come forward with FACTS to back up his statements they make much more sense and we can see the CBI has a plan and is working towards that plan. Part of the plan is to remove the zeros and then move to FOREX pending a review for inflation. Again even al-Tamimi is telling us the next measures must be carefully planned and they must pick the “safest moment” to take any significant steps. Remember these next moves are drastic but they are long awaited and the people have been educated and expect them.

Bottom line in looking at this recent surge in the parallel market is that “Iraq’s reserves now exceed $100 billion,” indicating that “there is significant international praise regarding the Central Bank’s management of the financial file.”

Al-Fahad said: “There is a great understanding between the Ministry of Finance and the Central Bank,” noting that “the Central Bank has refused more than once to tamper with the exchange rate, and the next government should stay away from the exchange rate and not manipulate it.”

Yes, this is the part that really scares me in that the result of this next election they put in some idiot into the office of prime minister who then proceeds to kill everything good that Al-Sudani and the CBI has accomplished much like Joe Biden vs Trump. Since Iraq is now on the verge of going forward with the final stages of the plan to reinstate this would not be a good thing for us investors to watch happen. So, we carefully watch this election cycle play out and pray that al-Sudani or someone like him is the next prime minister. Also that they can move on the next government quickly.

Are the spikes in the parallel market beyond the ‘official’ rate really a huge concern for the CBI?  

I have to say unequivocally NO! These spikes in the dollar are not a major concern for the CBI and Ali al-Alaq, the governor of the CBI has told us this many times and made it very clear. This lack of a major concern stems from the fact that Alaq knows the reasons for the spikes and these reasons are being addressed but take time to implement. These spikes were expected, as he also told us. Alaq also knows the ‘next stage’ and what is coming.

However, there are economists that do not feel the same way as Alaq. They conjure up articles and publish them. The information may be factual in some, just very outdated. They do not know or understand the true economy of a capitalistic state and still rely on social ideology concepts of the Saddam Heisen era as their main driver for solutions. They may also not be aware of the planned financial reforms already put in place or planned for the very near future.

Experts have differing views on the nature of the government’s measures and their results, with a general agreement on the need for a comprehensive reform package rather than relying on a single tool.

So, to us investors, as we read many of these articles we must misunderstand what is really happening behind the scenes. We must dig deeper to understand and go beyond some, not all of these articles. I call them foolish article, much like propaganda. Boy oh boy, I have to tell you there are a couple of these articles published recently and you would think that the author was living ten years ago and not in the current, as they do not even mention all the financial reforms but rather concentrate on how the economy was in the past. They even go so far as to insist on financial reforms that have already been put in place. Yes, it is ironic or should I say pathetic?

So, we know that in Iraq, the exchange rate of the US dollar in Iraq has been under renewed pressure recently, amid widespread economic debate about the reasons for the rise and its impact on the general budget and the local economy. Remember that the finance committee had to hold off on the 2025 projects due to lack of funding which was caused by a sudden drop in oil prices, below what the budget could endure. To me this was a VERY GOOD thing and financially responsible. Rather that criticizing these moves, (with giving their own sound solutions) the economists should be praising the government.

These so-called ‘experts’ have differing views on the nature of government measures and their results, with a general agreement on the need for a comprehensive package of reforms instead of relying on a single tool. Oh… is this not already what the CBI is doing? What the hell do they think a ‘comprehensive package’ means? It’s a package of many not a single tool. The CBI now has this comprehensive package of reforms and they have already rolled out many but it takes time to work, as they must work together to resolve these issues. Let’s take a look at some of the reforms:

  • De-dollarizing Iraq;
  • Mandatory electronic deposits for Baghdad salaries, no more cash
  • Ending the currency auctions and going to correspondent banks for transfers;
  • Limiting the amount of dollars for travel abroad;
  • The Customs and Tariffs reforms (the Ascuda System);
  • The ISX Stock Market reforms;
  • The Insurance reforms;
  • All these wonderful projects like the Development Road and Port of Faw projects;
  • Redefining the valuable natural resources within Iraq and the plans to bring them to market;
  • Instituting banking reforms for private banks, even closing banks that can’t meet solvency limits;
  • Now we just learned about mandatory electronic deposits for all Kurdistan salaries, no more cash (we knew a year ago that they told us they needed Kurdistan to follow Baghdad on this move);
  • Etc. etc,

You know, I could go on and on with all the reforms from just the past four years. And so what the hell are these economists talking about when they say needing more reforms? Iraq is at the point in that the ‘currency reform’ coupled with the digital currency could be the answer they have been waiting for. But as Alaq has said this takes careful planning and first they had to put other measures in place.

For instance, Kurdistan just announced that all public employees and salary recipients in the Kurdistan Region will be required to receive their salaries digitally through personal bank accounts under the MyAccount project, the Region’s finance ministry announced Sunday, adding that cash payments will no longer be available starting at the beginning of 2026. The finance ministry’s statement comes as the initiative enters its final stage. The deadline was established under a February agreement between Baghdad and Erbil requiring all public employees to open private bank accounts by the end of 2025 to ensure salary payments. Why is this important to us investors?  

You might want to go read the recent article titled “GOVERNMENT ADVISOR: DIGITALIZATION AND INCREASING NON-OIL REVENUES ARE FUNDAMENTAL TO FINANCIAL REFORM.”  I believe the article speaks for itself as to why it was so important to get Kurdistan on the electronic payments of salaries. Yes, no more cash being handed out. Will this finally break the parallel market?  

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