Featured Snippet
“The recent rise of the dollar against the Iraqi dinar is a predicted, temporary reaction to ASYCUDA implementation—not a devaluation. Long-term indicators point to revenue growth, fiscal discipline, and future currency stability.”
What Else Is in the News? Let’s Separate Facts From Panic
Here we go again.
Just as the Central Bank of Iraq (CBI) clearly predicted, once the ASYCUDA system becomes fully implemented, a temporary spike in dollar demand would occur. And what happened?
Exactly that.
Over the past few days, the dollar has gradually risen in local markets, reaching approximately 145,000 dinars per $100, with some panicking voices claiming it could reach 150,000.
Let me be clear:
👉 This is speculation—not reality.
The real question is:
Why do some refuse to listen to FACTS?
ASYCUDA Was Designed to Do Exactly This
The news today reflects panic, not policy failure.
ASYCUDA’s rollout was never meant to be painless in the short term. The CBI warned well in advance that:
Dollar demand would temporarily increase
Traders would adjust behavior
Markets would react emotionally
And yet, when it happens, economists immediately cry:
“The dinar must be devalued!”
Oh boy… here we go again.
Déjà Vu: What Happened During the First ASYCUDA Wave?
Let’s rewind.
When the first wave of ASYCUDA was implemented:
Economists rang alarm bells
Markets panicked
Speculators screamed devaluation
What Actually Happened?
The dinar bounced back
It stabilized around 1305, below the “official” 1320 rate
It effectively revalued itself within the program rate
No, it was not on FOREX yet—but it was a very positive sign.
And history has a habit of repeating itself.
Why Is the Dollar Rising Right Now? FACTS Only
The article titled “IDENTIFYING THE MAIN REASON FOR THE RISE OF THE DOLLAR IN IRAQ” explains it perfectly.
Former CBI director and financial expert Mahmoud Dagher confirmed:
“Customs duties are behind the rise of the dollar in local markets.”
Key Point Explained Simply
Traders must now submit customs declarations via ASYCUDA
Bank transfers require these declarations
Traders temporarily turn to the market to obtain dollars
This is mechanical, not monetary collapse.
Prime Minister’s Advisor Confirms: This Is Temporary
In the article “SALEH’S APPEARANCE: THE FLUCTUATIONS IN THE PARALLEL MARKET ARE TEMPORARY”, Prime Minister’s economic advisor Mazhar Muhammad Saleh makes it crystal clear:
Oil prices are not the cause
Iraq’s fixed exchange rate policy remains intact
Foreign reserves exceed $100 billion
These reserves provide what Saleh calls a:
“Strong stability umbrella for foreign currency.”
In short:
👉 No threat to living standards
👉 No justification for devaluation
ASYCUDA = Revenue, Revenue, Revenue
Does customs and tariff revenue sound familiar?
It should.
Just look at how customs enforcement under the Trump administration dramatically increased U.S. revenues. ASYCUDA is Iraq’s version of that discipline.
More enforcement means:
Higher revenues
Less smuggling
Stronger fiscal position
Greater currency sustainability
This is how a country earns a stronger currency.
Pressure Mounts to Pass the Oil and Gas Law
Next in the news is renewed pressure to pass the Oil and Gas Law.
In the article “ATRUSHI: THE OIL AND GAS LAW MUST BE PASSED AS SOON AS POSSIBLE”, Deputy Speaker Farhad Atrushi states clearly:
The law is essential to solving financial problems
Federalism cannot function without it
We already know:
👉 This law is one of the five U.S. mandates
And once again, here it is—right on schedule.
WTO Accession: Progress or Reminder?
Articles discussing WTO accession continue to surface, including:
“IRAQ’S ACCESSION TO THE WORLD TRADE ORGANIZATION: THE UNITED NATIONS CONFIRMS TANGIBLE PROGRESS.”
Here’s what puzzles many:
Iraq already met the requirements
Necessary laws were passed
Technical and regulatory stages were completed months ago
So why the delay?
The Logical Answer
The WTO wants:
A sustainable currency
A realistic exchange rate
A dinar backed by Iraq’s full asset portfolio
Why would the WTO accept Iraq before reinstatement?
Exactly.
These articles are signals, not updates.
Political Resistance: Iranian Proxy Influence Still at Work
Finally, we see more evidence that Iranian proxy politicians do not want the RV.
In the article “PARLIAMENT WILL HOST OFFICIALS FROM THE CENTRAL BANK AND THE INTEGRITY COMMISSION NEXT WEEK”, oversight is once again being used as a political weapon.
What’s Really Happening
Another attempt to remove Ali al-Alaq
Attacks on CBI leadership
Focus on minor issues instead of major progress
Sound familiar?
It mirrors how political obstruction works everywhere.
Do They Even Understand the RV Plan?
The entire roadmap is already laid out.
👉 It’s in the White Paper.
Yet these actors:
Want stagnation, not reform
Prefer chaos over progress
Bash success for political gain
They fear momentum—because momentum leads to change.
Q&A – Clearing the Confusion
Q: Is the dinar being devalued?
A: No. The current fluctuation is temporary and expected.
Q: Is ASYCUDA bad for Iraq?
A: No. It increases revenue and long-term stability.
Q: Why the WTO delay?
A: Likely waiting for a sustainable post-reinstatement rate.
Q: Who is trying to stop the RV?
A: Political actors aligned with stagnation and foreign influence.
Final Thoughts: Panic Is Not Policy
Speculation makes noise.
Facts make history.
ASYCUDA, fiscal discipline, WTO signaling, and revenue enforcement are all steps forward, not backward.
The RV does not fail because of temporary fluctuations.
It succeeds because of long-term structure.
Stay Connected – Official Links
🔗 Blog: https://dinarevaluation.blogspot.com/
📢 Telegram: https://t.me/DINAREVALUATION
📘 Facebook: https://www.facebook.com/profile.php?id=100064023274131
🐦 Twitter (X): https://x.com/DinaresGurus
🎥 YouTube: https://www.youtube.com/@DINARREVALUATION
Hashtags
#MNTGOAT #RVUpdate #IraqiDinar
#ASYCUDA #WTOAccession #IraqEconomy
#CurrencyReform #DinarNews
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#FinancialReset #CBI
MNT GOAT
What Else Is In The News?
So, here we go again. The CBI already predicted when the ASYCUDA system is fully implemented that it would cause a spike in the dollar sales again. So, again the dollar has risen against the dinar gradually over the past few days in local markets, reaching 145,000 dinars today, for every 100 dollars. Some panic and say it may reach 150,000 dinars. Again it is speculation not reality. What is it that they don’t understand? Maybe they just don’t listen to FACTS.
So, in today’s news we read about this predicted spike again and the panic happening once again when it did happen. Don’t they read the news? Don’t they listen to the CBI? Of course, right out of the gates, these economists are claiming once again the CBI has to devalue the dinar. Oh boy…. Oh boy! It’s all hype and speculation once again and remember what happened last time when they implemented the first wave of ASYCUDA. The economists rang alarm bells and many panicked in the market. But what happened in the long-run? The dinar bounced back at 1305 below the “official” rate of 1320 and actually revalued on its own. Of course, this is still all under the program rate and not yet on FOREX. But this was a good sign and will most likely happen again and it is hopeful ASYCUDA will produce massive revenues for Iraq. Oh does customs and tariff revenue ring a bell for you under the Trump administration with the U.S. revenues? Will the dinar bounce back even better than the first wave? Please see the article titled “IDENTIFYING THE MAIN REASON FOR THE RISE OF THE DOLLAR IN IRAQ”.I quote from the article – “Financial expert Mahmoud Dagher confirmed on Sunday that customs duties are behind the rise of the dollar in local markets in Baghdad and in Erbil, the capital of the Kurdistan Region. Dagher, who also served as a former director at the Central Bank of Iraq, told ShafaqNews Agency that “the application of the pre-transfer customs duty is behind the rise of the dollar against the dinar in local markets.”
“He added that “traders are required to bring the customs declaration (customs statement) from the ASYCUDA system before a bank transfer can be made to them, and therefore they resort to the market to obtain dollars.”
Now let’s look at what the prime ministers financial advisor has to say about all this in the article titled “SALEH’S APPEARANCE: THE FLUCTUATIONS IN THE PARALLEL MARKET ARE TEMPORARY AND DO NOT AFFECT THE STABILITY OF LIVING STANDARDS.” The economic advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed on Monday that the fluctuation in global oil prices is not directly related to the volatility of the parallel exchange market in Iraq, explaining that the monetary policy based on a fixed exchange rate supported by reserves exceeding $100 billion provides a strong stability umbrella for foreign currency.
Saleh told Al-Furat News Agency that “the limited fluctuations in the parallel market represent temporary and ineffective reactions that came in response to the launch of the latest fiscal discipline package, which included decisions to re-examine the paths of public spending and enhance the efficiency of revenues, especially through expanding and controlling tax and customs bases.”
Next we witness pressure to get the oil and gas law passed in the article titled “ ATRUSHI: THE OIL AND GAS LAW MUST BE PASSED AS SOON AS POSSIBLE.”
The second deputy speaker of the Iraqi parliament, Farhad Atrushi, “he stressed that in order to solve the financial problems and implement federalism, the oil and gas law must be passed as soon as possible.” We all know that this law is one of the five mandates by the U.S. and so here it is again.
Next we see announcements about the progress of accession to the WTO. Of course, this article and article like it in the recent past baffle me. Didn’t they tell us in the news that Iraq had met all the requirements. Even the necessary laws that were required were passed in the last session of parliament prior to ending it for the election. Please see article titled “IRAQ’S ACCESSION TO THE WORLD TRADE ORGANIZATION: THE UNITED NATIONS CONFIRMS TANGIBLE PROGRESS.” “Joining the World Trade Organization is witnessing clear progress, according to the United Nations International Trade Centre, with the completion of key technical and regulatory stages at both the local and international levels.” Okay so these were completed months ago and so where is Iraq’s accession then? What is the hold up? We can clearly see that when they post articles like this in the news they are simply reminding speculators that the full accession is coming and on the horizon. Is the WTO waiting for the new rate of the Iraqi dinar upon the reinstatement? Remember why would the WTO not want a rate of the dinar that backs it full suitcase of assets? Iraq must be able to sustain its rate once it is on FOREX.
Lastly, we see more evidence that the Iranian proxy politicians do not want the RV to happen in this article titled “PARLIAMENT WILL HOST OFFICIALS FROM THE CENTRAL BANK AND THE INTEGRITY COMMISSION NEXT WEEK.” “Within the framework of activating the oversight role”.
My CBI contact informed me they are going to try once again to oust Ali al-Alaq from his position heading up the Central Bank. If you recall last time, they claimed he was temporary and beyond his time in this role as a temporary. They will also try to tear apart the work he has accomplished and, like the democrats in U.S. politics, concentrate on nick-picking small issues rather than seeing the big picture of what is really going on and supporting all the good work.
Do they really even know the entire plan to RV. It’s in the White Paper. They will work to undermine all the good that the CBI has already accomplished. They will bash for the sake of bashing. They want stagnation not progress.
