Showing posts with label #MNTGoat #IraqiDinar #RVUpdate #IraqPolitics #ASYCUDA #ParallelMarket #DollarCrisis #CurrencyReform #CBI #IraqEconomy #USSanctions #IQD #MonetaryReform #FinancialNews #MiddleEast. Show all posts
Showing posts with label #MNTGoat #IraqiDinar #RVUpdate #IraqPolitics #ASYCUDA #ParallelMarket #DollarCrisis #CurrencyReform #CBI #IraqEconomy #USSanctions #IQD #MonetaryReform #FinancialNews #MiddleEast. Show all posts
Wednesday, February 11, 2026
AL-MARSOUMI WARNS: CENTRAL BANK DECISIONS THREATEN MORE THAN 50,000 WORKERS WITH LOSSES AND MASS LAYOFFS
AL-MARSOUMI WARNS: CENTRAL BANK DECISIONS THREATEN MORE THAN 50,000 WORKERS WITH LOSSES AND MASS LAYOFFS
Iraqi economic analyst Nabil Al-Marsoumi warned of serious financial repercussions that could affect local companies contracted with oil licensing companies, stressing that more than 200 Iraqi companies employing more than 50,000 workers are now threatened with large losses that could lead to the dismissal of large numbers of their employees.
Al-Marsoumi explained in a tweet he posted on his Facebook page that these risks came as a result of the Central Bank of Iraq’s directive not to disburse dollar transfers to those companies in dollars, and obliging them to convert them to dinars according to the official rate, even though their contracts were concluded in dollars.
He pointed out that the losses result from the large difference between the official and parallel exchange rates of the dollar against the dinar, noting that companies’ contracts and operating expenses are done in dollars, which exacerbates the financial burdens and threatens the continuity of their work.
It is noted that companies transfer their employees’ dues in dollars, while banks disburse them in Iraqi dinars at the official rate of 131,000 dinars, even though the dollar’s price in the market exceeds 145,000 dinars, which has sparked widespread objections from employees regarding this procedure.
MNT GOAT BREAKDOWN: Maliki Withdrawal, U.S. Pressure & The Collapse of Iraq’s Parallel Dollar Market
🚨 MNT GOAT UPDATE: Political Pressure & Economic Breakthroughs in Iraq
There is intense political movement happening inside Iraq — and at the same time, major economic shifts that could directly impact monetary reform.
Let’s separate emotion from analysis and break down what is really unfolding.
🏛️ Maliki May Withdraw? Political Maneuvering Intensifies
In the article titled:
“A MEMBER OF THE COMMITTEE: MALIKI MAY WITHDRAW FROM THE NOMINATION FOR THE SAKE OF IRAQ”
A member of the Coordination Framework suggested that Nouri al-Maliki could abandon his candidacy for Prime Minister.
Why would this happen?
Because pressure is mounting — both internally and externally.
🌍 U.S. Pressure & Sanction Risk
Another article titled:
“DOLLARS, POLITICS, AND FACTIONS: PRESSURE POINTS SURROUND THE ANTICIPATED CABINET”
Highlights a critical reality:
Any Iraqi government perceived as too close to armed factions risks losing international support.
The Iraqi economy depends on oil revenue for over 85% of its income (down from 95% just a few years ago — an improvement).
Iraq’s financial system remains highly sensitive to U.S. sanctions.
Political leaks suggest:
“Washington is not compromising on the form of government this time.”
This means:
No tolerance for faction-dominated cabinets.
No tolerance for overt Iranian influence.
No tolerance for militia-backed governance.
Iraq’s leadership is walking a tightrope between sovereignty and international survival.
⚖️ The Core Problem: Coordination Framework & Iranian Influence
The Coordination Framework consists largely of Shiite political blocs, many with known ties to Tehran.
Under Iraq’s system:
The Prime Minister position traditionally goes to a Shiite candidate.
The majority parliamentary bloc selects the PM.
Bloc coalitions can override broader voter preference.
This creates tension because:
Many Iraqis voted for reform-oriented leadership.
Political backroom alliances determine outcomes.
Foreign influence complicates sovereignty.
Political reform is just as necessary as banking reform.
Without governance reform, monetary reform remains constrained.
🗳️ Election Reform — A Deeper Issue
Iraq’s repeated government formation delays highlight structural weaknesses:
Coalition manipulation
Bloc consolidation tactics
Influence from outside actors
Weak checks on nationality and allegiance
Many argue Iraq needs stronger election safeguards to prevent foreign infiltration into domestic politics.
And let’s be honest — election system controversies are not unique to Iraq.
Democratic systems worldwide are facing similar debates over transparency, allegiance, and sovereignty.
💵 BREAKING NEWS: The Parallel Dollar Market Is Being Crushed
Now let’s shift to the economic side — because this is HUGE.
One of the five major issues blocking monetary reform has been:
Official Rate vs Parallel Market Rate
For years:
Merchants manipulated the currency auction system.
Fake trade documents were used.
Dollars were siphoned out of Iraq.
Funds flowed toward sanctioned entities.
But now?
The ASYCUDA system has changed everything.
🔍 What Is ASYCUDA & Why It Matters
ASYCUDA (Automated System for Customs Data) enforces:
Legitimate trade documentation
Verified import/export records
Digital customs processing
Reduced falsification
Previously, merchants could claim fake imports to obtain dollars from the CBI.
Now?
That door is closing.
And the results are dramatic.
📉 Decline in Trade Transactions — A Bad Sign?
Reports indicate:
Decrease in trade transactions
Drop in customs revenues
At first glance, critics say this is harmful.
But ask yourself:
Why would trade decline?
Because fake transactions are being eliminated.
If false imports disappear, reported trade volume drops — but real trade becomes more transparent.
The illusion of economic activity is being removed.
This is not economic collapse.
This is economic cleansing.
🚫 Money Changers Are Feeling the Squeeze
We now see:
“IRAQI TRADERS’ ASSOCIATION ANNOUNCES MARKET CLOSURES IN PROTEST AGAINST CUSTOMS DUTIES”
But who are these “traders”?
Many are money exchangers and intermediaries whose business model depended on exploiting the parallel dollar system.
Of course they are protesting.
ASYCUDA tightens the noose:
Illegal dollar operations shrink.
Smuggling channels dry up.
Iran-bound financial flows decrease.
Parallel market influence weakens.
This is structural reform in real time.
🔥 Featured Snippet Summary
Why might Maliki withdraw?
Due to mounting U.S. pressure and the risk of sanctions if Iraq forms a government closely aligned with armed factions.
What is ASYCUDA doing?
Eliminating fake trade transactions, tightening customs verification, and crushing the parallel dollar market.
Why are traders protesting?
Because stricter customs enforcement disrupts illicit dollar operations.
❓ Q&A Section
Q: Is U.S. pressure affecting Iraq’s government formation?
Yes. Signals indicate Washington is closely watching cabinet composition and faction influence.
Q: Why is oil dependency important?
With 85% of revenue tied to oil, Iraq cannot risk sanctions that disrupt dollar flows.
Q: Is the decline in trade a bad sign?
Not necessarily. It likely reflects removal of falsified transactions, not real trade collapse.
Q: How does this affect the Iraqi dinar?
Reducing the parallel market gap strengthens monetary control — a key prerequisite for exchange rate reform.
📊 The Big Picture for Investors
Let’s connect the dots:
✔ Parallel market is weakening
✔ Dollar smuggling is being reduced
✔ Customs system is digitized
✔ International compliance is improving
✔ Political factions are under pressure
This is not chaos.
This is consolidation.
The RV is not triggered by rumors.
It requires:
Political stabilization
Sovereignty clarity
Monetary alignment
Elimination of parallel distortion
We are watching several of those pillars move simultaneously.
🚦 What Happens Next?
Short-term:
Political maneuvering continues.
Cabinet negotiations intensify.
Faction pressure escalates.
More protests from those losing dollar access.
Long-term:
Stronger customs enforcement.
Narrowing gap between official and parallel rates.
Reduced external financial leakage.
Greater monetary sovereignty.
Reform is messy.
But reform is visible.
📢 Follow for Ongoing Updates
🔗 Official 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 #IraqiDinar #RVUpdate #IraqPolitics #ASYCUDA #ParallelMarket #DollarCrisis #CurrencyReform #CBI #IraqEconomy #USSanctions #IQD #MonetaryReform #FinancialNews #MiddleEast
MNT GOAT
Then there is another article titled “A MEMBER OF THE COMMITTEE: MALIKI MAY WITHDRAW FROM THE NOMINATION FOR THE SAKE OF IRAQ” in it we learn that
“Baghdad/Al-Masalla: On Friday, Abdul Samad Al-Zarkoushi, a member of the Coordination Framework, identified the reason that might prompt Nouri Al-Maliki, the head of the State of Law Coalition, to abandon his candidacy for the next government.”
Then yet another article titled “DOLLARS, POLITICS, AND FACTIONS: PRESSURE POINTS SURROUND THE ANTICIPATED CABINET” we learn that according to sources contacted by Al-Masalla news, “the coordination framework must act today under the pressure of a delicate political equation that seeks to spare Iraq American anger that could quickly turn into economic and political sanctions, in exchange for showing a higher degree of rationality in the process of forming the next government, at a time when unannounced signals are intensifying regarding red lines related to the shape of the cabinet and its balances.”
“In Baghdad, political leaks and diplomatic readings converge to confirm that any government perceived as being close to armed factions will quickly lose international cover. This puts the forces involved in the coordination framework to the test of managing influence without provoking external partners, especially with an economy that depends on oil revenues for more than 85 percent of its income and a financial system that is highly sensitive to sanctions.”
Not to change the subject: Well the good news from this article is that the oil revenue is now only 85 percent of Iraq’s income down from 95% just a couple years ago.
On social media, a political analyst on the X platform said, “The messages are clear to anyone who wants to read them. Washington is not compromising on the form of government this time, and any disregard could bring back the scenario of financial pressure.” Conversely, a political activist wrote on Facebook, “Iraq cannot tolerate a Saddam-era government; pragmatism has become a necessity, not an option.”
We all should know by now that the Coordination Framework is made up of Iranian backed Shiite members from the various blocks in Iraq sucking up vote from other blocks to gain the majority block. It is a majority block that decides the next prime minister. This position of selecting the prime minister goes to the Shiite sec as one of the three main positions of the GOI. This in itself is the problem as Iranian Shiites with close ties to Tehran have infiltrated Iraqi politics. Iraq is in much need of political reforms as it is financial and banking reforms in how it choses its representatives. Let’s put this current situation and past election delays as prime examples of what has manifested in this area since Iraq uses the democratic principles to elect its representatives. But is this process really democratic since the majority of the people did vote for al-Sudani not al-Maliki. Maybe checks and balances on the citizenship and nationality of the politicians and their allegiance to Iraq must be discussed going forward in any sort of election reform. Oh….. aren’t we seeing this same sort of issues in the US election process too? Is this how the dark-side has covertly infiltrated our governments using our own failed election process to do so? Like in the US, Iraq also needs a SAVE Act to save their election process. Enough said…..
Another of our five main issues facing Iraq now in the news again is the issues surrounding the parallel vs official markets for the dollar. So, let’s address this one too as there is lots of news today on this one. Why is this important?
What is now happening with the parallel market is a revelation of some sort. The CBI is finally breaking the parallel market and this time ‘for good’. As we all know the “ASYCUDA” system was implemented in full swing recently. This system forces legitimacy of trade transactions. Remember that under the currency auctions merchants could lie and falsify papers of purchasing fake goods in order to get dollars out of the CBI. With ASYCUDA this just tightened the noose even more on the parallel market to the point where these money changes are going out of business. Funds going to Iran are also drying up.
In the news it’s reported that by the ASYCUDA system the Iraqi government has caused a decrease in trade transactions and a decline in customs revenues in the country. We must ask why there is a decrease in trade transactions? Folks, it because they are weeding out the falsified fake trade transactions thus a decline in revenues since much of this decline never really went towards real trade anyhow? Get it? Let’s get to the TRUTH of what is really happening and how ASYCUDA is benefiting not harming Iraq. In the long-term Iraq can now get a handle on the true trade revenues. So, let the propaganda machine begin in favor of those who simply will not benefit from it.
So, what happens next? Of course, the controversy is expanded and the GOI is made out to be the bad guy. We read in the article titled “IRAQI TRADERS’ ASSOCIATION ANNOUNCES MARKET CLOSURES IN PROTEST AGAINST CUSTOMS DUTIES”. But what are the trading? Folks these are the money exchangers protesting this move using ASYCUDA. Of course they don’t want it. It is shutting down their illegal dollar operations.
I quote from the article “The Iraqi Traders Association announced on Friday its call for a general closure of all commercial markets throughout Iraq, starting next Sunday and continuing until further notice. The group explained in a statement received by (Al-Mada) that this step comes in protest against the new customs fees, and to demand the immediate removal of the accumulated containers from the port of Umm Qasr.”
FROM DOLLAR TO DINAR… EXCHANGE RATE POLICY CONFUSES OIL COMPANIES AND THREATENS THEIR EMPLOYEES!
FROM DOLLAR TO DINAR… EXCHANGE RATE POLICY CONFUSES OIL COMPANIES AND THREATENS THEIR EMPLOYEES!
The Central Bank of Iraq’s decision to convert payments to contractors working with oil companies from US dollars to Iraqi dinars has sparked widespread controversy in economic circles. This comes amid warnings of potential financial and operational repercussions for subcontractors, the labor market, and the stability of the oil sector.
Experts believe that continuing with this mechanism could impose additional financial burdens on companies that rely on dollars for their transactions, impacting their operational capacity and business continuity.
Economic expert Nabil al-Marsoumi stated in a tweet that “more than 200 Iraqi companies contracted with oil licensing companies, employing over 50,000 Iraqi workers, are threatened with significant financial losses and layoffs due to the Central Bank’s directive to disburse their payments in dinars at the official rate—even though their contracts and expenses are denominated in dollars.”
He explained that “the losses stem from the large difference between the official and parallel exchange rates for the dollar against the dinar,” warning of “the collapse of companies due to the exchange rate policy.
“For his part, Mahmoud Hassan, a representative of an oil company, stated during a demonstration organized by subcontractors working for an international oil company that “Iraqi companies operating in the oil sector have been facing a crisis for over a year without any solutions,” warning of “repercussions that could lead to the collapse of a large number of them.”Hassan explained in a press statement that “the contracting companies, which employ more than 40,000 Iraqi workers, are under financial pressure after receiving their payments at the official rate of 131,000 dinars per $100, while the parallel market rate is around 155,000 dinars.” He emphasized that “the difference is causing direct losses.” He added that “the continuation of this situation will force companies to reduce their operations and lay off workers, and may lead to their complete shutdown,” noting that “a number of them have already begun to be unable to pay salaries.”
Hassan called on the Central Bank to “intervene urgently to find a solution that takes into account the nature of these companies’ work and their obligations,” warning that “the continuation of the crisis will negatively impact the oil sector and the labor market.”
In Iraq, secondary oil companies operate—varying from project to project—and undertake the execution of service, supply, maintenance, construction, and transportation works within contracts with local or international oil companies. Contracts are binding on the contracting parties.In this context, economist Hamza al-Jawahiri stated that “contracts stipulating payment in dollars must be honored,” explaining that “payment in another currency constitutes a clear violation of the contract terms.” He emphasized that “companies can resort to the competent courts, based on the legal principle that contracts are binding on the contracting parties.”
For his part, energy expert Ahmed Sabah said that “converting company dues from dollars to dinars may lead to the gradual exclusion of some foreign companies, while focusing on companies that accept dinar transactions.” He explained that “many Western companies rely on external supply chains that require payment in dollars to secure equipment and services.”
He added that “this measure is not sustainable in the long term, especially given that the current government is a caretaker government, which reduces the chances of implementing decisions with long-term strategic impact.” He predicted that “major foreign companies will refrain from expanding or entering into new contracts if this mechanism continues,” considering that “the decision may be temporary and subject to change if negative effects emerge on the investment climate or the pace of work in the fields.”
Strengthening the Dinar or Market Losses?For his part, economist Dirgham Muhammad Ali believes that “attempts to curb the parallel dollar market have prompted the Central Bank to take measures to bolster confidence in the dinar,” but he noted that these measures “were not fair given the continued gap between the official and parallel exchange rates.” He emphasized that “the policy of forced currency conversion causes losses for traders and deprives the market of a vital channel for the legitimate injection of dollars,” calling for “either the adoption of a fair exchange rate or the creation of a different mechanism for dealing with foreign companies.”Economic circles warn that the collapse of subcontracted oil companies working with international and local firms will disrupt maintenance, logistics, and equipment operations in oil fields, threatening production stability—in addition to the loss of tens of thousands of jobs, given these companies’ reliance on Iraqi labor. This could also weaken supply chains and increase operating costs, prompting some foreign companies to scale back their operations or refrain from new projects, which would negatively impact the oil investment environment and the role of the local private sector.
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