Sunday, January 11, 2026
Unregulated Digital Revenues Pose Financial Risks In Iraq, Expert Warns
Unregulated Digital Revenues Pose Financial Risks In Iraq, Expert Warns
2026-01-11 Shafaq News– Baghdad Iraq’s rapidly expanding digital content sector operates largely without regulation, allowing significant online revenues to move outside state oversight and increasing financial risk, a member of the Dijlah Center for Strategic Planning warned.
Speaking to Shafaq News on Sunday, Ali Karim Idhayib noted that the spread of social media, especially live streaming and paid content, has created parallel cash flows beyond existing controls, cautioning that the absence of clear rules on income disclosure, taxation, and supervision leaves the sector vulnerable to misuse, including tax evasion and the movement of funds with unclear origins under media or entertainment labels.
According to Chatham House, a London-based policy institute, Iraq’s digital economy is expanding faster than the state’s ability to monitor it, driven by a surge in online retail, ride-hailing platforms, and content monetization over the past five years. While these sectors have become a key opportunity for Iraq’s youth, who make up more than 60% of the population and face unemployment exceeding 35%, the think tank noted that weak infrastructure, unstable regulations, limited financing, and fragmented oversight are major constraints.
“The challenge is not technology itself, but how it is managed,” Idhayib stressed, pointing to international models that require transparency, integrate digital earnings into tax systems, and coordinate with major platforms. Iraq, he added, needs a similar framework adapted to local conditions.
He called for a national effort involving state institutions, economists, and communications regulators to align regulation with the pace of digital growth. https://shafaq.com/en/Economy/Unregulated-digital-revenues-pose-financial-risks-in-Iraq-expert-warns
Mnt Goat: UN Assessment Confirms Iraq’s Transformation Toward Economic Stability Beyond Oil
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According to a UN assessment cited by Mnt Goat, Iraq has become “remarkable and unrecognizable” compared to years ago, strengthening confidence in its institutions and moving steadily toward economic stability beyond oil dependency.
Mnt Goat Analysis: A Major UN Endorsement of Iraq’s Progress
In a powerful confirmation of long-term reform, Mnt Goat points to a recent United Nations assessment that validates what many observers have been watching unfold inside Iraq:
the country is fundamentally changing—economically, institutionally, and strategically.
This is not speculation.
This is international recognition.
UN Assessment: Iraq Is “Unrecognizable” Compared to the Past
The articleAS authoritative source, UN Coordinator in Iraq, Ghulam Ishaq Zai, offered a striking evaluation of the nation’s progress:
“Iraq has strengthened confidence in its institutions and is moving steadily towards stability… the country has become remarkable and unrecognizable compared to what it was years ago.”
This statement alone carries enormous weight because it reflects:
Independent international observation
Long-term development benchmarks
Institutional and governance confidence
Why This Statement Is So Important
Mnt Goat highlights the real significance behind the UN’s words:
“This shows us the country is slowly moving away from oil as the sole source of revenue.”
For decades, Iraq’s economy—and its currency—were anchored almost entirely to oil. That model limited growth, increased vulnerability to sanctions, and stalled monetary reform.
That model is now changing.
Iraq’s Budget Is No Longer Oil-Centric
According to Mnt Goat, even Iraq’s budget framework is evolving:
“Now even the budget is no longer evolving around oil.”
Instead, Iraq is shifting toward:
Non-oil revenue streams
Trade and customs income
Domestic production
Service-sector growth
Tax and infrastructure-based revenues
This transition is essential for long-term currency stability.
From Oil Dependency to Overall Economic Stability
Mnt Goat emphasized the broader implication:
“They are moving to general terms of overall economic stability which means all revenue, including revenues from non-oil sources.”
This is the economic foundation required for:
Currency normalization
Exchange rate reform
Global financial integration
Reduced exposure to sanctions
“They are truly moving away from the sanctioned rules of everything evolving around oil.”
That point cannot be overstated.
Why This Matters for Iraq’s Currency Future
A diversified economy:
Supports a stronger currency
Reduces volatility
Improves investor confidence
Aligns with IMF and UN standards
This UN-backed assessment confirms Iraq is now meeting the prerequisites that were previously missing.
Q&A: Mnt Goat UN Assessment Explained
Q: Who issued this assessment of Iraq?
A: The United Nations, through its coordinator in Iraq, Ghulam Ishaq Zai.
Q: What does “unrecognizable” really mean?
A: Institutional trust, stability, and economic structure have fundamentally improved.
Q: Is Iraq still dependent on oil?
A: Oil remains important, but Iraq is actively diversifying revenue sources.
Q: Why is this important for monetary reform?
A: A diversified economy is a core requirement for sustainable currency value.
What to Watch Next
Continued UN and IMF commentary
Budget allocations beyond oil
Growth in non-oil sectors
Infrastructure and trade expansion
Currency reform groundwork
Final Thoughts
Mnt Goat’s reaction says it best:
WOW!
This is not hype.
This is confirmation.
When the United Nations declares Iraq “remarkable and unrecognizable”, it signals that the country has crossed a threshold—from survival to stability, from dependency to diversification.
This is exactly what long-term reform looks like.
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Mnt Goat
Article: "UN ASSESSMENT: IRAQ TODAY IS UNRECOGNIZABLE COMPARED TO YEARS AGO" Quote: "The UN coordinator in Iraq, Ghulam Ishaq Zai, gave an optimistic assessment of the situation in the country, stressing that Iraq has strengthened confidence in its institutions and is moving steadily towards stability, while noting that the country has become “remarkable and unrecognizable” compared to what it was years ago."
This shows us the country is slowly moving away from oil as the sole source of revenue and now even the budget is no longer evolving around oil.
WOW! They are moving to general terms of overall economic stability which means all revenue, including revenues from non-oil sources. WOW! They are truly moving away from the sanctioned rules of everything evolving around oil. WOW!
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