Wednesday, July 23, 2025
The US Has Stopped Sending Cash Dollars To Iraq. Is This The Beginning Of A Blockade?
The US Has Stopped Sending Cash Dollars To Iraq. Is This The Beginning Of A Blockade?
July 21, 2025 Al-Mustaqillah/- Private sources confirmed that the United States has decided to completely halt cash dollar shipments to Iraq, a move described as potentially the beginning of a "financial blockade" on some Iraqi banks involved in currency smuggling and money laundering.
According to a source who spoke to Al-Mustaqilla on condition of anonymity,
Washington's decision does not pertain to Iraq as a country, but rather targets specific banks suspected of involvement in suspicious dollar transfers to countries subject to international sanctions.
This has angered the US Treasury, prompting it to tighten controls on dollar movement within the Iraqi market.
Sudden drop in exchange rate after the decision
Remarkably, the US decision coincided with a significant decline in the dollar exchange rate in the Iraqi market. Experts interpreted this as a natural consequence of the restrictions on the circulation of cash and the prevention of its smuggling abroad.
This led to an increase in supply in the local market and a temporary decline in its price.
Government shift towards “legal dollarization”
Separately, a banking source revealed that the Iraqi government has been relying on
new mechanisms for disbursing salaries and conducting financial transactions for months.
These mechanisms involve legal invoices processed through official banks and digital platforms linked to the global financial system. This is an alternative to the paper dollar shipments previously transported into the country by air.
The source indicated that this step represents a major shift in cash liquidity management in Iraq,
making it difficult for suspicious entities to continue smuggling or manipulating the currency market.
Is this the beginning of the storm?
The US decision raises many questions about the future of dollar transactions in Iraq,
especially in light of escalating regional tensions and Washington's tightening of financial sanctions.
Are we witnessing the beginning of a new phase of international restrictions on the Iraqi economy?
Or is this merely a technical measure against some violating banks? https://mustaqila.com/أمريكا-توقف-إرسال-الدولار-النقدي-إلى-ا/
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.
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 Iran, Syria, 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.....
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