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Wednesday, December 17, 2025

FRANK26….12-16-25…..DECEMBER 29th 2025

DOLLAR RISE, SALARIES CUT, AND NO FOOD RATIONS… EXPERT: IRAQ HAS BEGUN IMPLEMENTING THE “WHITE PAPER”

DOLLAR RISE, SALARIES CUT, AND NO FOOD RATIONS… EXPERT: IRAQ HAS BEGUN IMPLEMENTING THE “WHITE PAPER”

(Mnt Goat: It is important to remember that when in many of these articles they normally talk about ‘raising the rate” of the dinar they actually mean raising the sanctioned rate i.e. 1320 to 1440 and this is a devaluation. And when they normally talk about ‘ reducing the rate” of the dinar they actually mean lowering the sanctioned rate i.e. 1320 to 1166 and this is a revaluation)

On Friday, December 12, 2025, economist Nabil Al-Marsoumi spoke about the repercussions of the “White Paper” adopted by the International Monetary Fund and the World Bank to manage economic crises in developing countries, which Iraq has begun to implement.

In a blog post followed by Al-Jabal, entitled “The First Option for Economic Reform (The White Paper)”, Al-Marsoumi said that “the International Monetary Fund and the World Bank believe that economic crises in developing countries are caused by errors in macroeconomic policies in developing countries, and that correcting this requires making fundamental changes to these policies, even if it is at the expense of social goals and the poor.”

He added, “The economic reform package adopted by the International Monetary Fund consists of:

1. Reducing the exchange rate of the national currency and then floating it.

2. Raising the interest rate and setting credit ceilings.

3. Gradually reducing government subsidies for government goods and services.

4. Reducing public spending on goods and services.

5. Reducing the salary budget and limiting the appointment of graduates in government institutions.

6. Restructuring and privatizing loss-making public sector institutions.

7. Reducing social transfer expenditure items, particularly with regard to subsidizing the prices of essential food commodities.

8. Raising energy prices to the level of global prices.

9. Raising tax rates, increasing tax revenue, reorganizing and creating other tax bases, imposing direct taxes or policies related to indirect taxes, as well as increasing the taxpayer base, reducing tax exemptions, developing collection methods, and combating tax evasion.

10. Liberalizing all prices and trade.

Al-Marsoumi pointed out that “Iraq actually began implementing the IMF reform program, under the banner of the White Paper in 2020, after the collapse of oil prices as a result of the spread of Corona and the closure of the global economy. The White Paper was supposed to implement the following measures:

1. Reduce the wage and salary bill from 25% of GDP to 12.5% within three years.

2. Restructuring the public sector salary scale by halting new recruitment and replacement processes in the public sector.

3. Applying income tax to employee allowances, incentives, bonuses, and other benefits.

4. Reducing total government support from 13% of GDP to 5% over three years, which extends from electricity and fuel fees to canceling the ration card and limiting it to those covered by the social protection network after its rationalization, which ultimately means higher prices for fuel, electricity and food, and consequently higher levels of inflation in the Iraqi economy.

5. Raising the exchange rate of the dollar against the Iraqi dinar, which actually happened in Iraq and which had a negative impact on the poor and even middle class in Iraq after the government raised the dollar exchange rate by 23% against the Iraqi dinar.

Al-Marsoumi concluded his post by saying: “In general, implementing the White Paper reforms entails a heavy social cost borne by the poor and those with limited income, and this will push us to publish another possible option that could be a national option for reform.

MNT GOAT: 🚨 EXPERT CONFIRMS: Iraq Has Already Begun Implementing the “White Paper” Economic Reforms

🚨 EXPERT CONFIRMS: Iraq Has Already Begun Implementing the “White Paper” Economic Reforms

⚠️ Important Disclaimer

This article reflects expert opinions, public economic documents, and analytical commentary. It is not financial advice. Always consult qualified professionals before making financial decisions.

📘 What Is Iraq’s “White Paper”?

Iraq’s White Paper for Economic Reform is a 95-page strategic document officially approved by the Iraqi government on October 13, 2020, under then–Prime Minister Mustafa Al-Kadhimi.

The document outlines:

Over 200 actionable reform measures
A three-year roadmap
Structural solutions to Iraq’s long-standing financial crisis

Far from being theoretical, experts now confirm that implementation began immediately in 2020.

🧠 Expert Insight: Implementation Has Already Started

In a recent article, Iraqi economist Al-Marsoumi stated clearly:

“Iraq actually began implementing the IMF reform program under the banner of the White Paper in 2020.”

This statement is critical, as it confirms that Iraq’s reforms are not future promises, but ongoing processes already well underway.

🏦 The IMF & BIS Role in Iraq’s Reforms

According to Al-Marsoumi, the White Paper reforms are directly aligned with programs adopted by:

International Monetary Fund (IMF)
Bank for International Settlements (BIS)

These institutions typically support deep structural changes, not cosmetic adjustments.

🔑 Core IMF/BIS Reform Measures Explained

🚂 Reform #1: Currency Adjustment & Float

“Reducing the exchange rate of the national currency and then floating it.”

This step includes:

Initial devaluation or adjustment

Read also: 💰 “Zim Cap Bond Payouts: Private Appointments & Project Plans Update”

Followed by a managed or free float

Alignment with market forces

📌 This is a classic IMF strategy used globally before strengthening a currency over time.

🚂 Reform #2: Liberalization of Prices & Trade

“Liberalizing all prices and trade.”

This means:

Removing artificial price controls
Opening markets to global competition
Encouraging foreign investment
Ending subsidy distortions

💡 These measures are essential for:

Currency credibility
WTO compliance
International banking integration

🔄 Why These Reforms Matter for Iraq’s Currency

The White Paper framework supports:

Exchange rate modernization
International settlement compatibility
Banking transparency
Capital inflows
Stronger purchasing power over time

Historically, countries implementing IMF-led reforms often experience currency restructuring, especially once political and security stability improves.

🌍 White Paper + Timing: Why “Now” Matters

Several factors are converging:

Iraq’s improved security environment
Rising oil revenues
International banking confidence
IMF/BIS reform milestones already achieved
Pressure to modernize before regional competitors

📌 These conditions suggest Iraq is transitioning from reform to execution.

📌 Featured Snippet: Quick Summary

Iraq’s 95-page White Paper, approved in 2020, is already being implemented under IMF and BIS guidance. Core reforms include exchange rate restructuring and price liberalization—key steps toward full economic normalization and potential currency realignment.

❓ Q&A: Iraq White Paper & Currency Reform

❓ When was the White Paper approved?

October 13, 2020.

❓ How many reforms does it include?

More than 200 actionable measures.

❓ Is Iraq already implementing it?

Yes, experts confirm implementation began in 2020.

❓ Does the White Paper include currency reform?

Yes, including exchange rate adjustment and eventual floating.

❓ Why is IMF involvement important?

IMF-backed programs typically precede major financial restructuring and international integration.

🔍 Bigger Picture: A Train Already in Motion 🚂

The repeated “Choo-Choo” references used by commentators symbolize a key truth:

👉 Once IMF/BIS reforms begin, they rarely reverse.

They move step by step, often quietly, until the final outcomes become visible to the public.

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"EXPERT: IRAQ HAS BEGUN IMPLEMENTING THE "WHITE PAPER"

(Full article in the Articles Section) The Iraqi government's 95-page White Paper was formally approved by Iraqi Prime Minister Mustafa Al-Kadhimi's cabinet on October 13, 2020. With more than 200 actionable reform measures, the document offers an ambitious three-year plan for how Iraq's financial predicament can be reversed. In a recent article Al-Marsoumi pointed out that "Iraq actually began implementing the IMF reform program, under the

banner of the White Paper in 2020. No kidding! ... lol..lol..lol.. © He added, "The economic reform package adopted by the International Monetary Fund

(IMF) and the Bank of International Settlements (BIS) consists of:

สมอัค

....Choo-Choo...........

1.Reducing the exchange rate of the national currency and then floating it

ไปสัค

...Choo-Choo..

2.Liberalizing all prices and trade.

DINAR REVALUATION