MarkZ: All Systems Go — We’re Ready for What’s Next!! @DINARREVALUATION #iraqidinarinvestor #iraq

 

MNT GOAT: Iraq’s Path to Monetary Sovereignty: RV Status Update – Part 2

 I need all my readers to understand what is going on in Iraq and what is behind it. I want you to be educated on the affairs on Iraq and how they impact what we are looking for (the RV and Restatement). I need you to understand in spite of all this foolish intel guru talk out on the internet. 

We are much smarter than these idiots to believe all of their nonsense. No, the RV rate in not in these budget tables as a reason to hold them up that they don’t want us to see until they are ready to RV. Get it? Stop all this foolish talk. I can hardly believe anyone would fall for this nonsense. Again, any revaluation of the Iraqi dinar will be announced and we don’t need to go fishing through some budget tables to find it, if it could even be there.

The House of Representatives will hold its first session of the second legislative term for 2025 on Saturday. Let’s hope they finally take up the Oil and Gas Law again. We know they will take up the issue of the Budget Tables.

If you notice one thing among all these other issues and ongoing sagas in the government of Iraq (GOI) we still see the CBI trucking again and making movement towards it final destination of the reinstatement of the dinar to a global status (FOREX). It is like these other issues, although are very important, feel like just distractions but we know they can also affect the monetary process and should be resolved for stability.

As the U.S. exerts yet more pressure on Iraq for a wakeup call to what I believe is to bring the two sides together. The sides are Kurdistan and the Baghdad government. Reality is setting in. Either this country decides to unite and use their constitutional powers to settle disputes or things are on the brink of getting much worse. 

But there is hope for Iraq. Remember, when I told you that soon oil prices will drop as other sources of energy are coming that will outmode the use of the dependency on oil. Is Iraq ready for this change? Are they still clinging to their “rentier” economy? What does this have to do with the reinstatement?

Statements made by the US State Department spokesperson Tammy Bruce on Tuesday urged Baghdad and Erbil to resolve their disputes through constructive dialogue. She emphasized that settling the Kurdistan Region’s salary issue would demonstrate Iraq’s commitment to a stable investment climate, while also paving the way for broader cooperation—such as reopening the Iraq-Turkey pipeline and expanding energy projects with US companies.

 I am telling you that these issues matter and by resolving them Iraq can show they have put on their “big boy” pants and are ready to work in the global community. This is what the U.S. is looking for. It’s called STABILITY”.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

MZ: Bond Holder Payouts Signal Imminent Progress!! @DINARREVALUATION #iraqidinarinvestor

 

Al-Nusairi: The Central Bank Is Leading The Banking Sector Toward Comprehensive Reform, Economic Stimulation, And Sustainable Development

 Al-Nusairi: The Central Bank Is Leading The Banking Sector Toward Comprehensive Reform, Economic Stimulation, And Sustainable Development.

Banks  Economy News – Baghdad  Economic and banking advisor Samir Al-Nusairi affirmed that the Central Bank continues to lead the Iraqi banking sector in accordance with its third strategy and its comprehensive banking reform project for the next two years, based on a continuous daily work system in cooperation with international consulting and auditing companies currently operating with the aim of achieving banking reform and moving banks to a stage of contributing to stimulating the economy, revitalizing the economic cycle, achieving economic growth, and transforming banks into a lever for sustainable development.

Al-Nusairi explained in an interview with Al-Eqtisad News that in order to motivate banks and develop banking operations so they can fulfill their duties stipulated in the Banking Law and the applicable instructions and executive regulations issued by the Central Bank, and serve the national economy and customers, it is necessary to carefully implement the reform measures outlined for them, as well as to re-review, evaluate, and classify banks.

Al-Nusairi pointed out that there are international standard criteria for classifying central banks that are agreed upon in most countries, such as controlling inflation, economic growth, monetary stability, independence, and the extent to which economic goals are achieved.

 Since central banks are subject to classification and since they are the ones that monitor and supervise banks, the classification of Iraqi banks must be based on international standard criteria approved in most countries, the basis of which is compliance with international banking standards, enhancing financial inclusion, encouraging competition, preventing monopoly in the banking market, providing opportunities for shareholders and investors to obtain profitable and sustainable returns, accelerating digital transformation, and a rapid transition to a solid national economy.

He explained that the reform, evaluation, and classification of the banking sector should be based on criteria of capital, assets, liquidity, profitability, and risk management. 

Additional programs should be adopted that are consistent with the Iraqi reality, such as approving the banks' operating results and final accounts for the last five years, focusing on analyzing assets, revenues, expenses, capital adequacy, indicators of capital investment, cash credit granted and its sectoral distribution, the return on capital ratio, return on assets, liquidity ratio, and the extent of banks' compliance with applicable banking instructions, particularly activating the national strategy for bank lending to finance small and medium-sized enterprises and applying environmental, social, and corporate governance standards.  631 views  https://economy-news.net/content.php?id=57222

MNT GOAT: Iraq’s Path to Monetary Sovereignty: RV Status Update – Part 1

 STATUS OF THE RV , PART. 1

Any move on the part of the Central Bank of Iraq to restrict the citizens in the use of the dollar and more use of the dinar is yet another move towards monetary sovereignty for Iraq. Remember how Iraq got the US dollar in circulation in the first place, it was because of the sanctions. 

Now they have ditched the dollar, the parallel market is done and they are going back to sole use of the Iraqi dinar as their main currency within the country. This is exactly how it was before the 2003 invasions and the hyperinflation conversion to the three zero notes and the use of the currency auctions (sole use of the US dollar to pay for imports). Yes, these days are almost over. 

So, what we really want to see is the use of the dinar to pay for imports and thus the demand for dinar by other countries as a currency of some value. 

Right now, Iraq does send their dinars to some of the correspondent banks to pay for imports but this is still limited as many banks still want US dollars directly. But the conversion process (exchange of dinars for dollars) process is taking on steam and is rolling forward over time.

 No, this does not yet mean an RV or reinstatement has happened and so stop listening to these silly intel gurus who don’t know what they are talking about.

😊😊So, in yet another very good article titled “EXPERTS: THE NATIONAL PAYMENT CARD ENHANCES MONETARY SOVEREIGNTY.” We learn more about the project called the Local Scheme. This project has many benefits. I will let you go read the entire article for yourself to get all the details.

 I included it in the Articles Section. However, I do want to emphasis that I believe this is yet another Central Bank’s initiative to contribute to absorbing liquidity and eliminating financial hoarding of dinars and dollars, as well as strengthening the principle of monetary sovereignty. Aren’t these the two main monetary issues facing the CBI today? 

So, yet another solution is being implemented in the hope it will solve these issues. How many solutions have we see over the years to combat these banking issues? Will this one finally work to the desired level? We won’t have the answer to this question until they let this project take root. I am sure they will tell us in the upcoming news. Let’s wait and see.

Where’s the BEEF, I mean budget tables….lol…

I want to bring you attention to one of the most controversial issues facing Iraq today. In the article titled “WHERE ARE THE 2025 BUDGET SCHEDULES? PROJECTS ARE SUSPENDED, PLANS ARE POSTPONED, AND PARLIAMENT HOLDS THE GOVERNMENT ACCOUNTABLE” we read about this issue again.

 Despite more than half a year having passed since the start of the fiscal year, the 2025 budget schedules remain absent from the House of Representatives, a scene that rekindles concerns about a financial paralysis that threatens service and development projects in the governorates. This delay comes despite the country’s adoption of the “Tripartite Budget” law, which was supposed to spare Iraq the annual wait for approval of financial allocations and ensure stability in the flow of funds and project planning.

Remember that in past articles the Finance Committee has fully explained why the budget tables are being held up. They told us the main reason is the drop in oil prices. The second reason (connected to the first) is that Iraq does not want to run the government on a deficit. Obviously is revenues drop how will they pay for the budget?

So the effort has been to slim down the budget to meet the oil revenues. The third reason given to us in the past is they have to pay for the 2025 and if oil is not flowing from the Kurdistan region, revenues are affected that pay their salaries. If they don’t get their salaries, they cut off the oil. So what comes first the chicken or the egg. You see these issues are all interconnected.

Some say why not just pay the salaries to the Kurds from the CBI reserves? This is not a practice the CBI wants to encounter unless an emergency crisis such as what happened in 2020 during the Covid pandemic. There are certain lessons learned too from that era. One is over spending in times like this. Oh.. why are the salaries late to the Kurds in the first place? This has a lot to do with constitutional issues in the sale of oil, again which could be easily solved with the passing of the Oil and Gas Law.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Mnt Goat: CBI’s Mission — Shrink the Parallel Market Before the RV #iqd #iraqidinar

 

IMF Sounds Alarm Bell Over 'Economic Collapse': Iraq Needs Reform, Not Slogans

 IMF Sounds Alarm Bell Over 'Economic Collapse': Iraq Needs Reform, Not Slogans

Friday, July 11, 2025 | Economic Number of readings: 90   Baghdad/ NINA / The International Monetary Fund (IMF) warned of a dangerous financial path that threatens economic stability in Iraq, given its excessive reliance on oil revenues and rapid expansion in current expenditures, most notably salaries and pensions, amid a near-total stagnation in the non-oil sectors. This places the country at a critical economic and political crossroads.

In a detailed report, the IMF indicated that the growth rate of the non-oil sector in Iraq declined sharply from 13.8% in 2023 to an estimated 2.5% in 2024, indicating a gradual contraction of real economic activity outside of oil.

According to the report, the fiscal deficit is expected to reach 7.5% of GDP in 2025, before jumping to 9.2% in 2026, driven by lower revenues and higher expenditures, particularly in the salaries and pensions file, which drain most of the budget's resources, in the absence of any corresponding production. /End   https://ninanews.com/Website/News/Details?key=1240196