MNT GOAT:
๐ฎ๐ถ๐ฅ IRAQ’S THREE-ZERO REMOVAL: THE MONETARY REFORM, POLITICAL PRESSURE & THE PATH TOWARD FOREX ๐ต๐ฅ
After stating that the removal of the three zeros has become urgent, the author presents additional articles that, in his view, support this argument and help explain why Iraq’s monetary reform remains unfinished.
๐ฐ 1. NO EXCHANGE-RATE CHANGE FOR NOW
Iraq’s Prime Minister’s financial adviser, Mazhar Mohammed Saleh, stated that:
๐น The government needs approximately 7.7 trillion Iraqi dinars every month to pay public-sector salaries.
๐น Iraq has already taken loans totaling approximately 12–14 trillion dinars since the beginning of the financial crisis.
๐น Most importantly, he stated that there is currently no decision to change the exchange rate of the Iraqi dinar.
The author interprets these statements as evidence that Iraq’s current budget situation depends primarily on oil prices and oil revenues, rather than on changing the value of the dinar.
He also challenges those who claim that a future revaluation (RV) is already incorporated into Iraq’s current budget, arguing that the official statements do not support that conclusion.
๐ฎ๐ท 2. PRESSURE FROM IRAN ON THE IRAQI GOVERNMENT
The next article presented by the author focuses on alleged political pressure from Iran on Prime Minister Al-Zaidi.
According to the article:
๐ธ Iran is allegedly pressuring the Iraqi prime minister to abandon or weaken his anti-corruption campaign.
๐ธ There is also pressure to reduce the government's control over armed militias.
๐ธ According to the author's interpretation, Al-Zaidi may have even considered resigning rather than violating commitments he has already made.
The author views this as part of a larger political struggle over Iraq's future direction.
He essentially describes a conflict between:
๐บ๐ธ An Iraq moving toward greater alignment with the United States
versus
๐ฎ๐ท An Iraq remaining heavily influenced by Iran.
According to the author, this political struggle is directly connected to Iraq's economic and monetary reforms.
๐ 3. THE AUTHOR CONNECTS MONETARY REFORM TO IRAQ’S POLITICAL FUTURE
The author believes that several major developments are interconnected and could ultimately occur as part of the same broader transformation.
His projected sequence includes:
๐️ Peace and greater stability in the Middle East
⬇️
๐ฎ๐ท A reduction in Iranian influence inside Iraq
⬇️
๐ต The Iraqi dinar returning to the international FOREX market
⬇️
๐ Iraq joining the World Trade Organization (WTO)
⬇️
๐ฐ Investors eventually being able to exchange their Iraqi dinars
According to the author, these developments are not isolated events but pieces of a much larger political, economic, and monetary transition.
๐จ 4. THE REMOVAL OF THE THREE ZEROS
This is the central point of the author's entire argument.
The author argues that Iraq cannot return to freely trading the dinar on international FOREX markets while the current high-denomination banknotes remain in circulation.
These include:
๐ต 25,000 dinar notes
๐ต 10,000 dinar notes
๐ต 5,000 dinar notes
According to the author, Iraq would first need to withdraw these large-denomination notes and introduce lower denominations.
His reasoning is that if Iraq were to dramatically increase the value of the currency while leaving the current high-denomination notes circulating, the amount of purchasing power represented by existing cash holdings would become enormous.
The author uses the idea that citizens could suddenly become "multimillionaires overnight" as an illustration of why he believes the currency structure must first be changed.
Therefore, in his view:
Remove the large denominations ➡️ introduce lower denominations ➡️ restructure the currency ➡️ then allow the dinar to participate more freely in international markets.
The author further claims that corruption and Iranian influence are the primary reasons this monetary reform has been delayed for years.
๐ต 5. THE PARALLEL MARKET & THE DINAR’S EXCHANGE RATE
The author also addresses Iraq's parallel foreign-exchange market.
He argues that the parallel market exists largely because the Iraqi dinar remains pegged to the U.S. dollar under Iraq's current monetary system.
According to his interpretation, once the dinar is allowed to trade more freely on international markets:
๐น The parallel dollar market would eventually disappear.
๐น The difference between official and unofficial exchange rates would be eliminated.
๐น Much of the activity associated with currency manipulation and money laundering would become more difficult.
In the author's view, a freely traded dinar would therefore represent not only a monetary change but also an important step toward greater transparency within Iraq's financial system.
๐บ๐ธ 6. EXECUTIVE ORDER 13303
The author also discusses Executive Order 13303, which was signed by U.S. President George W. Bush in 2003.
He explains that the order:
๐น Provides legal protections related to the Development Fund for Iraq.
๐น Protects Iraqi oil revenues and certain assets connected with Iraq.
๐น Has been renewed annually since 2003.
๐น According to the author's interpretation, provides a legal framework under which U.S. citizens can hold Iraqi dinars as an investment associated with Iraq's reconstruction.
The author uses Executive Order 13303 as another part of his broader argument for why Iraqi dinar holdings remain connected to the long-term reconstruction and transformation of Iraq.
๐ฅ WHAT IS THE AUTHOR TRYING TO DEMONSTRATE?
When this information is combined with the author's previous arguments, he is presenting the following overall narrative:
๐ฎ๐ถ IRAQ’S CURRENT SITUATION
Iraq is dealing with significant financial pressures involving:
๐ฐ Government liquidity
๐ฐ Public-sector salaries
๐ฐ Budget requirements
๐ฐ Borrowing
๐ฐ Oil revenues
๐ฐ Large amounts of cash circulating outside the banking system
According to the author, these conditions make monetary restructuring increasingly important.
๐ต THE THREE-ZERO REMOVAL
The author argues that Iraq needs to remove the three zeros and withdraw the existing high-denomination notes.
The introduction of lower denominations would, in his view, create the monetary structure necessary for the next stage of reform.
๐ฎ๐ท POLITICAL INTERFERENCE
He believes that Iranian influence and corruption have prevented Iraq from completing these reforms for many years.
๐ INTERNATIONALIZATION OF THE DINAR
Once the currency restructuring is completed, the author believes Iraq could move toward allowing the dinar to participate more freely in the international FOREX market.
๐ฐ POTENTIAL BENEFIT FOR DINAR HOLDERS
Finally, the author connects all of these developments to the possibility that investors holding Iraqi dinars could eventually exchange them at a much higher value.
⚠️ IMPORTANT DISTINCTION: FACTS VS. THE AUTHOR’S INTERPRETATION
This distinction is extremely important.
The statements attributed to Iraqi officials regarding:
✔️ Government salary requirements
✔️ Monthly financial needs
✔️ Government borrowing
✔️ Oil revenues and the budget
✔️ The current exchange-rate policy
✔️ The absence of an official decision to change the exchange rate
are presented as reported statements from Iraqi officials and the cited articles.
However, the larger conclusion that:
➡️ removing the three zeros will necessarily lead to a major revaluation of the Iraqi dinar,
➡️ the dinar will return to FOREX at a dramatically higher value,
➡️ investors will then be able to exchange their dinars for substantially more money,
is the author's interpretation and projection.
It should not be presented as an officially confirmed plan by the Iraqi government or the Central Bank of Iraq (CBI)unless and until those institutions officially announce such a policy.
๐ฎ๐ถ๐ต In other words, the author is connecting Iraq’s financial pressures, monetary reform, political developments, currency restructuring, FOREX participation, and the future value of the dinar into one larger narrative — but the final RV outcome remains the author’s interpretation, not an official confirmation.
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