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Why hasn’t Iraq completed the currency swap yet?
According to Mnt Goat, the Central Bank of Iraq was prepared to begin the currency swap in late December, but political complications—particularly unresolved Iranian-related issues—caused delays. The process is expected to resume once these obstacles are resolved.
Mnt Goat Disclaimer
The following content reflects Mnt Goat’s personal opinions and sourced commentary.
This information is shared for educational purposes only.
Always consult licensed financial and legal professionals before making financial decisions.
The “18 Crucial Issues” Facing Iraq in 2026
An article referenced by Mnt Goat highlights:
“18 crucial issues” that Savaya said would be among the priorities of his mission in Iraq during the new year.
These issues represent long-standing reforms Iraq must complete to fully stabilize its economy and governance.
Important Perspective:
Mnt Goat stresses that investors do not need to wait for the RV for all 18 items to be resolved.
“Of course not… some items are already known issues they have been working on for years.”
This confirms that many reforms are already in motion, not pending future events.
Do Dinar Investors Have to Wait for Everything to Be Fixed?
According to Mnt Goat:
❌ The RV is not dependent on every issue being resolved
✅ Many reforms are parallel processes
✅ Some requirements have been in progress for years
This means the RV is not a “last step” after perfection, but part of an ongoing reform cycle.
The Role of the United States in Iraq’s Progress
Mnt Goat believes the Iraqi people clearly understand one thing:
“The U.S. is there to help continue the progress of al-Sudani’s first term in office.”
This includes:
Economic stabilization
Government reform
Security coordination
Currency reinstatement and transition
The U.S. presence is viewed as a support mechanism, not an obstacle.
Currency Reinstatement: A Critical Mission Component
A key part of Iraq’s economic transformation is:
The reinstatement
And changeover (swap) of the Iraqi currency
Mnt Goat emphasizes this is not optional — it is foundational to Iraq’s modernization and international integration.
Direct Insight from the Central Bank of Iraq (CBI)
Mnt Goat shared important information from a CBI contact:
“Her committee is still waiting for the direction to begin the swap out of the currency.”
Key Details:
The currency swap was planned for the last week of December
The process was stalled for political reasons
The infrastructure and planning were already in place
This confirms the delay was not technical, but political.
Why the Iranian Issue Matters
Mnt Goat’s personal belief is clear:
“It will not occur until this Iranian issue is resolved.”
This aligns with:
Regional security concerns
Political interference risks
The need for sovereign monetary control
Until Iraq resolves these external pressures, leadership appears unwilling to trigger a major currency transition.
What This Means for the Iraqi Dinar RV
From Mnt Goat’s analysis, several conclusions emerge:
The RV is planned, not speculative
The currency swap was already scheduled
Political conditions caused the delay
The process resumes once regional tensions stabilize
This suggests timing is conditional, not canceled.
Q&A – Key Takeaways from Mnt Goat
Q: Do all 18 issues need to be completed before the RV?
A: No. Many are ongoing and independent of the RV.
Q: Was the currency swap planned?
A: Yes, it was scheduled for late December.
Q: Why was it delayed?
A: Political reasons, not technical readiness.
Q: Is the CBI ready?
A: Yes, they are awaiting official direction.
Q: What is the biggest obstacle now?
A: The unresolved Iranian-related political situation.
Strategic Insight for Dinar Watchers
Mnt Goat’s update reinforces a critical reality:
Delays do not equal denial.
The RV and currency swap are:
Structured
Planned
Politically sensitive
Once the geopolitical environment stabilizes, the next phase can proceed quickly.
Final Thoughts
Iraq’s leadership is navigating:
Domestic reform
Foreign influence
Regional conflict
Monetary transformation
According to Mnt Goat, the currency reinstatement is ready, but timing depends on political clearance, not preparation.
Patience remains the final requirement.
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Mnt Goat
Article Quote: "18 crucial issues” that Savaya said would be among the priorities of his mission in Iraq during the new year,"
Savaya just needs to convince the Iraqi government of these things he wants to accomplish in 2026. Do we investors in the dinar have to wait for the RV to get all of these items fixed? Of course not...some items that we know
must be accomplished and are already known issues they have been working on for years already.