Wednesday, July 23, 2025

MNT GOAT: "CBI Moves Closer to Dinar Reinstatement as Market Rate Aligns with Official Rate"

STATUS OF THE RV

LOL, LOL  to all you TNT followers. So, I guess your great pied-piper leader did not get the correct information for all you gullible puppets out there for this weekend’s RV? 

Oh… I guess his purely speculative prediction from his “secret” sources didn’t pan out…lol… AGAIN? Oh…I wonder why! Oh…. But this was only about the thousandth time! Good luck with all this bullshit.

_____________________________

Yes, No RV yet. But I do have some wonderful news for everyone that shows us significant changes are coming. This news is all FACTUAL. We don’t have to guess or predict. We can see the writing is on the wall. 

There is going to be a situation soon that will allow the CBI to conduct the Project to Delete the Zeros and then move on to the reinstatement.

 We already read in the article titled “ THE DINAR IS RECOVERING AND THE EXCHANGE RATE IS DECLINING TOWARDS THE OFFICIAL RATE” that the CBI predicts the parallel market rate to equal the “official” CBI rate this year.

 Is this not what my contact told me we wanted to see prior to the Project to Delete the Zeros? But this is only the start of the WOW! news for today. So, let’s continue…

.

So, let me explain these new developments that will lead help us see the RV is coming soon. To get to this news I first have to refer to the IMF Article 4 consultation review with Iraq just completed a couple weeks ago.

 These sessions give the IMF member professional advice on the economy, what to expect in the future and advise how to prevent any negative impacts.

 The IMF issues their results and there are many negative issues they must work on, but this is constructive information as there is always work to be done to improve.

 The best part of all this is the follow-up statements in an official brief the IMF made about Iraq’s exchange rate arrangements which I will now address. 

Much more to come! 

Let’s all chip in and help keep the Mnt Goat Newsletter ALIVE! 
I am looking forward to bringing you the rest of this WOW! news soon and all the articles to back up what I am about to tell you. 

MARKZ: Countdown to RV — Key Economic Moves Signal July 28 Week as Critical"#iqd #iraq #dinaresgurus

 


America Is Choking Off The Dollar In Iraq... And The Central Bank Is Distributing It Only To "Close Associates"!

 America Is Choking Off The Dollar In Iraq... And The Central Bank Is Distributing It Only To "Close Associates"!

 
July 22, 2025 Al-Mustaqilla/- A source said that the  Iraqi market is currently witnessing a severe shortage of cash dollars, as a result of what he described as a “well-considered” move by the Central Bank of Iraq,  
which decided to restrict dollar transactions to a limited number of private and government banks,  
while preventing or restricting the flow of hard currency to exchange offices and open markets.
 
According to the source, who spoke to Al-Mustaqilla on condition of anonymity,  this measure is an extension of a previous US decision to  halt cash dollar transfers to Iraq.
 
This decision is part of a regulatory effort aimed at controlling the flow of currency and  preventing smuggling and money laundering, particularly after Washington identified Iraqi financial networks involved in suspicious transfers to countries subject to sanctions.
 
Dollar shortage crisis in the market:


 
The absence of cash dollars from the market has opened the door to a stifling liquidity crisis,
     leading to a decline in actual demand for the US currency and
     contributing to a depreciation of the exchange rate on the parallel market.
 
Yesterday, the dollar exchange rate recorded a significant decline,  reaching 139,000 dinars for every $100,  compared to previous levels of more than 143,000 dinars.
 
However, this "drop" in price does not reflect economic improvement as much as it indicates a shortage of supply and a  contraction in commercial activity in hard currency
at a time when a  large segment of traders are turning to the Iraqi dinar in the absence of the dollar.
 
Dimensions of the American decision:
 
Washington's decision to halt the dollar exchange rate, while not officially announced as a punitive measure, is part of a series of pressures exerted by the US Treasury on Baghdad to regulate the financial and banking sectors and  prevent the flow of dollars to countries such as IranSyria, and Lebanon.
 
These pressures have resulted in the inclusion of Iraqi banks on watch lists, the imposition of strict restrictions on foreign transfers, and a reduction in the dollar cash quota previously sent by air to Baghdad.

Are we facing a "dollar drying up" phase in Iraq?
 
The facts indicate that Iraq has actually begun to enter a phase that can be called the “drying up of the cash dollar,”   a tactic with two objectives:
 
         Internally: controlling the market and regulating the use of foreign currency.
         Externally: appeasing Washington and avoiding sanctions or negative financial ratings. However,
 
this approach requires  radical reforms in the banking system and  ensuring comprehensive financial coverage for citizens.
 
Otherwise, the shortage could turn into a broader crisis that would  disrupt the economy and return the market to a state of chaos and confidence in the currency.    https://mustaqila.com/الدولار-في-العراق/  


MNT GOAT: "IMF Greenlights Iraq's Next Exchange Rate Shift"

MNT GOAT

"THE INTERNATIONAL MONETARY FUND (IMF) HAS ISSUED A BRIEF EXPLAINER ON IRAQ'S EXCHANGE RATE ARRANGEMENT."

 As part of a follow-up to last week's report on the state of the Iraqi economy, (from the last Article 4

Consultation Session) the IMF clarified as follows: (the word "clarified" is the operative word here)

"Exchange Rate Arrangement

"Iraq's de jure and de facto exchange rate arrangements are classified as a conventional peg arrangement.

The Central Bank Law gives the Board of the Central Bank of Iraq (CBI) the authority to formulate exchange

rate policy. Etc., Etc., Etc. Please go read the entire article. Yes, the IMF is telling Iraq they have the green light to go ahead with the next

exchange rate change, when they are ready.

Their words not mine.....



MNT GOAT: "US Halts Dollar Shipments to Iraq — Dinar Set for Major Revaluation!" #iraqidinar #iqd

 


The Dollar Approaches The Official Rate: A Real Reform Or A Temporary Trick?

 The Dollar Approaches The Official Rate: A Real Reform Or A Temporary Trick?

 
July 22, 2025 Last updated: July 22, 2025   Al-Mustaqilla/- In a move that suggests a "shift" in the government's policy toward the dollar crisis,  Mazhar Mohammed Saleh, the financial advisor to Prime Minister Mohammed Shia al-Sudani,  revealed five factors that he said  would lead to narrowing the gap between the official and parallel rates, paving the way for what he described as a "matching" phase between the two rates.

But the most important question is:
     Is what is happening real reform?
     Or is it merely "economic makeup" that masks a fragile reality?
 
The official exchange rate,  set by the Central Bank at 132,000 dinars per $100,  is now approaching the parallel market rate of 139,000 dinars.
 
This decline is viewed by some as a positive sign, while others view it as a  "politicized" and  temporary move to calm the street  ahead of upcoming political and economic events.
 
Five factors or five pressure cards?


 
The government's primary consideration is preventing dollarization,   particularly in the real estate sector.
 
While this may sound like a good move in theory,
it raises questions about its implementation in a market teeming with informal transactions.
 
The second factor relates to transfers via global correspondent banks after the central bank window closed.
 
However, observers question:
     Are these transfers truly available to everyone,
     or are they restricted to specific names and companies?
 
The third factor is the entry of small traders into the official transfer window,
a step whose effectiveness on the ground is questioned by many due to the red tape and bureaucracy.
 
The fourth factor revolves around the expanding use of electronic cards, a move that is hampered by  technical infrastructure and a  deeply ingrained cash culture.
 
The fifth factor relates to what the government calls "price defensethrough cooperatives,   a policy that could return Iraq to the era of "ration cards,"amid doubts about its sustainability.
 
Is the difference really less than 4%?
 
Advisor Saleh's statements that the difference between the two rates has become "merely a transaction cost" open the door to a broad economic debate:
 
Can we speak of "convergence" while the parallel market persists?
Have the dollar mafias truly been eliminated?
Or have their positions merely shifted?

In conclusion: appeasement or radical treatment?
 
Achieving a unified exchange rate is a legitimate popular and economic demand.
 
However, without a comprehensive reform of the financial system, increased transparency in transfers, and ensuring fairness in cash distribution, any decline in the parallel market may prove to be nothing more than a "warrior's rest" before another explosion.     https://mustaqila.com/الدولار-يقترب-من-الرسمي-إصلاح-حقيقي-أم/    


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