Showing posts with label #MntGoat
#IraqiDinar
#CBI
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#DinarUpdate
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#ASYCUDA
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#EconomicReform. Show all posts
Showing posts with label #MntGoat
#IraqiDinar
#CBI
#DollarToDinar
#CurrencyReform
#IraqPolitics
#DinarUpdate
#ParallelMarket
#ASYCUDA
#OilEconomy
#MonetaryPolicy
#EconomicReform. Show all posts
Thursday, February 12, 2026
STATISTICS SHOW THAT THE ASYCUDA SYSTEM IS HARMING MORE THAN ONE MILLION IRAQI TRADERS, WITH LOSSES AMOUNTING TO BILLIONS
STATISTICS SHOW THAT THE ASYCUDA SYSTEM IS HARMING MORE THAN ONE MILLION IRAQI TRADERS, WITH LOSSES AMOUNTING TO BILLIONS.
Economic expert Nabil Al-Marsoumi stated on Saturday that the “ASYCUDA” system implemented by the Iraqi government has caused a decrease in trade transactions and a decline in customs revenues in the country, calling for dialogue sessions with chambers of commerce to reach appropriate solutions after the deterioration of the economic situation as a result of the application of the customs tariff.
This comes at a time when calls have been launched to begin a general strike in markets and shops throughout Iraq starting tomorrow, Sunday, in protest against the application of the new customs tariff, and the accumulation of containers of imported goods and commodities in the ports of Basra in the far south of the country.
Al-Marsoumi said in a post today that commercial activity in Iraq is currently of utmost importance, as there are more than 350,000 commercial establishments and more than one million traders dealing in imported and local goods worth tens of billions of dollars, and employing millions of workers.
He added that this activity is currently suffering from the repercussions of the ASYCUDA system, and from the application of the customs tariff, which, according to official information, has led to a halving of Iraq’s trade transactions with the outside world, and to significant losses for traders and the government, whose customs revenues also decreased in January by 71 billion dinars compared to the months that preceded it.
The economist stressed that “there is an urgent need to hold a dialogue session with the chambers of commerce to reach suitable solutions for the government, merchants and the general public.”
The Iraqi government raised customs duties by percentages ranging between 5% and 30%, distributed across brackets starting from 5%, 10% and 15%, up to the maximum limit of 30%.
These ratios cover the entire customs tariff register consisting of 99 chapters containing approximately 16,400 customs items, which are the items adopted globally in trade.
A few days ago, the General Authority of Customs in the Ministry of Finance issued a directive to adopt a reduction rate of 25% on the average import values recorded in the ASYCUDA system.
Over the past month, Iraq has witnessed angry demonstrations in several provinces, protesting the decision to impose new taxes and fees, and to apply customs tariffs to imported goods.
Tier4B Update: “The Time Has Arrived” – Redemption Centers, ISO20022 & Global Reset Claims Explained
THE TIME HAS ARRIVED. …Tier4b ISO20022 on Telegram
[TIER 4B] confirmations now trickling into secure drop zones.
ALSO EXPECT ACTIVATION OF THE EMERGENCY BROADCAST SYSTEM WORLDWIDE
AND COMPLETION OF THE GOLD-BACKED GLOBAL CURRENCY RESET
Screens are going black. Then green.
Judy Note: It is advised to exchange/redeem your foreign currency at an official Redemption Center rather than a bank. You can only redeem Zim at a RC, the Dinar Contract Rate can only be given at a RC and banks will offer you lower exchange rates than what you can obtain at a RC.
IRAQI TRADERS’ ASSOCIATION ANNOUNCES MARKET CLOSURES IN PROTEST AGAINST CUSTOMS DUTIES
IRAQI TRADERS’ ASSOCIATION ANNOUNCES MARKET CLOSURES IN PROTEST AGAINST CUSTOMS DUTIES
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.
The Iraqi Traders Association called on all merchants and market owners to adhere to the closure, stressing that this step aims to achieve legitimate demands and protect the interests of the commercial sector.
AL-ABADI SUGGESTS TO AL-MALIKI THAT HE WITHDRAW AFTER BEING TASKED WITH FORMING A GOVERNMENT, SO AS NOT TO GIVE THE AMERICANS CREDIT
AL-ABADI SUGGESTS TO AL-MALIKI THAT HE WITHDRAW AFTER BEING TASKED WITH FORMING A GOVERNMENT, SO AS NOT TO GIVE THE AMERICANS CREDIT.
The Victory Coalition, led by Haider al-Abadi, suggested on Sunday to Nouri al-Maliki, head of the State of Law Coalition, that he proceed with his candidacy for the position of Prime Minister, and withdraw after being assigned by the President of the Republic, in order to preserve sovereignty and not have his withdrawal considered a response to the American side, since the withdrawal will come after the assignment.
Ibrahim al-Sultani, a member of the Victory Coalition, stated in an interview with Al-Ahd TV, that “when the American position (Trump’s tweet) was issued, I am sure that Mr. Maliki, with his exceptional political mind, has an idea of what will happen if he insists on proceeding with the nomination process.”
He added, “As a citizen, I say that in order to preserve sovereignty, we should proceed with Mr. Maliki by assigning him after he is named President of the Republic, and then Mr. Maliki should influence himself to withdraw, or the coordination framework should begin to reconsider so that matters come out within the framework of preserving sovereignty and also preserving the coordination framework.”
Mnt Goat Update: Iraq’s Political Deadlock, Dollar-to-Dinar Shift & Signs of a Possible Reinstatement?
Iraq stands at a critical crossroads — politically and economically.
According to Mnt Goat, Iraq is still facing a political deadlock following the November 2025 election cycle. At the same time, the Central Bank of Iraq (CBI) has made a bold monetary move that could significantly impact the dinar’s future.
Two powerful developments are unfolding simultaneously:
Constitutional deadlines tied to government formation
The CBI’s decision to shift contractor payments from U.S. dollars to Iraqi dinars
Let’s examine what this could mean.
🏛️ Iraq’s Political Deadlock: Constitutional Deadlines at Stake
Mnt Goat reports that:
Kurdistan has presented its presidential candidate to Parliament for confirmation.
Once confirmed, the president is expected to nominate the prime minister.
The confirmation of the prime minister is reportedly scheduled for this week.
Constitutional deadlines are at risk if delays continue.
Why This Matters
Iraq cannot fully stabilize economically without:
A seated president
A confirmed prime minister
A fully formed government
Political stability is a prerequisite for:
International confidence
Foreign investment
Monetary reform implementation
Currency policy transitions
If Parliament meets deadlines this week, it could remove a major obstacle to broader financial reform.
💱 “From Dollar to Dinar” – A Major CBI Policy Shift
Article:
“From Dollar to Dinar… Exchange Rate Policy Confuses Oil Companies and Threatens Their Employees!”
The Central Bank of Iraq has directed that payments to contractors working with oil companies be converted from U.S. dollars to Iraqi dinars at the official rate.
When Mnt Goat learned of this, she reacted strongly:
“WOW! WOW! and WOW! The CBI finally did it!”
Why such excitement?
Because this represents a structural shift away from dollar dependence.
🛢️ Why Ending Dollar Payments Is So Significant
For years, U.S. dollars have circulated heavily within Iraq’s economy. This created:
A parallel (black) market
Exchange rate distortion
Speculation pressure
Leakage of hard currency
Dollars entering the local market often:
Flowed into the black market
Increased demand outside official channels
Weakened the CBI’s control over the exchange rate
The Core Question
How can the CBI control the official dinar rate if dollars continuously leak into parallel markets?
The answer:
Close the loopholes.
This new directive is designed to do exactly that.
🔐 ASYCUDA + Dollar-to-Dinar Shift = Two Major Reform Moves
Mnt Goat highlights two key reforms working together:
1️⃣ Full Implementation of the ASYCUDA System
ASYCUDA modernizes customs processing and trade transparency.
This helps:
Track imports accurately
Reduce corruption
Prevent illegal currency flows
Align Iraq with global trade standards
2️⃣ Paying Contractors in Dinars
By requiring dinar payments:
Dollar leakage decreases
Black market pressure reduces
Demand for dinars increases
Official rate authority strengthens
Together, these are structural reforms — not cosmetic ones.
⚠️ Economic Concerns from Oil Contractors
However, not everyone is celebrating.
Economic expert Nabil al-Marsoumi stated:
“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.”
This reveals a serious tension:
Contracts are priced in dollars.
Expenses are dollar-based.
Payments are now being made in dinars at the official rate.
If the official rate does not reflect real market value, companies face losses.
🤔 Could This Signal a Dinar Reinstatement?
Mnt Goat raises an important possibility:
If the dinar were to become internationally recognized at a stronger rate, the contractor problem could disappear.
Why?
Because:
A stronger, internationally tradable dinar would offset conversion discrepancies.
Companies would not face exchange losses.
The currency would stabilize across domestic and international markets.
This leads to speculation:
Is the CBI making this move now because it anticipates a broader currency reform?
🔍 Featured Snippet Section (Optimized for Google Discover)
Why Is Iraq Moving From Dollar to Dinar Payments?
The Central Bank of Iraq is requiring contractors to receive payments in dinars instead of U.S. dollars to reduce black market currency activity and strengthen control over the official exchange rate.
What Is the Parallel Market in Iraq?
The parallel market refers to unofficial currency trading channels where dollars circulate outside central bank control, influencing exchange rates and creating instability.
Could This Lead to a Dinar Reinstatement?
Some analysts suggest that reducing dollar dependency and increasing dinar usage could be foundational steps toward currency reform or international reinstatement.
📊 Key Economic Implications
✔ Increased demand for Iraqi dinars
✔ Reduced dollar leakage
✔ Stronger central bank exchange control
✔ Pressure on contractors under current rate
✔ Structural reform alignment
The shift is systemic — not temporary.
❓ Q&A Section
Q1: Why were dollars a problem?
Dollars often entered the black market, weakening the CBI’s control over the official exchange rate.
Q2: What is ASYCUDA?
A global customs automation system designed to modernize trade and increase transparency.
Q3: Are oil companies at risk?
Yes. Companies with dollar-denominated contracts could face losses under current conversion rules.
Q4: Does this confirm a reinstatement?
No official confirmation exists. However, the policy shift aligns with structural reform principles.
Q5: Why now?
The timing coincides with political formation deadlines and broader economic restructuring.
🏛️ Political Stability + Monetary Reform = The Bigger Picture
Iraq’s situation involves two moving parts:
Government formation under constitutional deadlines
Monetary restructuring to eliminate dollar dependency
If the presidency and prime minister are confirmed this week, Iraq could:
Unlock stalled legislation
Accelerate economic reforms
Strengthen investor confidence
Advance currency normalization
📈 Final Analysis
The CBI’s move from dollar to dinar payments may represent:
A decisive strike against the parallel market
An assertion of monetary sovereignty
Preparation for broader currency reform
Whether this leads to reinstatement remains unconfirmed.
But one thing is clear:
Iraq is tightening control of its national currency — and that is a foundational step in any serious monetary transition.
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Mnt Goat
Iraq still faces a deadlock from the Nov 2025 election cycle. It is said that Kurdistan has presented their candidate for president to Parliament for confirmation this week. Also it is said that the confirmation of the prime minister candidate will also be presented this week following the seating of the new president. It is all scheduled for this week. Constitutional deadlines are at stake.
Article: “FROM DOLLAR TO DINAR… EXCHANGE RATE POLICY CONFUSES OIL COMPANIES AND THREATENS THEIR EMPLOYEES!”
In this news we learn that The Central Bank of Iraq’s decision to convert payments to contractors working with oil companies from US dollars to Iraqi dinars....When I learned of this news I said WOW! WOW! and WOW!. The CBI finally did it! ...
The CBI is essentially creating the change over from the dollar to the dinar in payments now even to outside companies. Remember the national currency of Iraq is the dinar not dollars and the dollars have been the problem all along as these dollars get into the parallel market and shift the market to influence the price of the dinar...
How can the CBI ever get control of the official rate of the dinar unless they end these holes to which the dollar was passing through to the black market. So, along with the full implementation of the ASYCUDA system we see two major moves to sew up the parallel market.
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.”
Can this also mean that a reinstatement of the dinar is coming soon? Could this be the motive too for the CBI making this move now…if the dinar does go international this problem with the contractors will just go away.
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MNT GOAT: THE ASSETS OF IRAQ CAN MAKE THE DNAR RATE FAR GREATER THAT 1/6 OF A PENNY FOR 1 DINAR
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