Friday, August 1, 2025
🌍🤝 Iraq Advances Toward WTO Membership with ITC Support
🌍🤝 Iraq Advances Toward WTO Membership with ITC Support
📅 The Ministry of Commerce met with the International Trade Centre (ITC) to discuss the latest progress on Iraq’s accession to the World Trade Organization (WTO).
🔧 The meeting focused on enhancing technical cooperation and reviewing key accession documents prepared by the national teams.
🌱 Updates to the Nationally Determined Contributions (NDC) were also discussed, aligning trade policies with environmental and sustainability goals.
💪 The ITC praised the progress and confirmed its ongoing commitment to provide technical support to help Iraq successfully join the WTO.
THE MINISTRY OF COMMERCE DISCUSSES WITH THE ITC THE LATEST DEVELOPMENTS REGARDING IRAQ’S ACCESSION TO THE WORLD TRADE ORGANIZATION AND ENHANCING TECHNICAL SUPPORT.
The Ministry of Trade announced today, Tuesday, that the Department of Foreign Economic Relations held a meeting with representatives of the International Trade Centre (ITC) to discuss the latest developments related to Iraq’s accession to the World Trade Organization (WTO) and ways to enhance technical cooperation to support this process.
A statement issued by the ministry’s media office, quoting the department’s director general, Riyadh Fakher Al-Hashemi, stated that the meeting discussed prospects for joint cooperation in reviewing the technical files prepared by the accession team in coordination with the technical committees emanating from the relevant national committee.
The statement emphasized the importance of the technical and technological support provided by the International Trade Centre, particularly during this critical phase, given its significant role in enhancing the efficiency of national teams and strengthening institutional readiness for accession requirements.
The meeting also addressed efforts to update the Nationally Determined Contributions (NDC) document, in coordination with sectoral bodies, in line with government policies aimed at integrating environmental and sustainability concepts into economic and trade policies.
At the conclusion of the meeting, Al-Hashemi stressed that the meeting was part of the department’s ongoing efforts to develop Iraq’s trade policy and enhance institutional and technical capabilities, supporting Iraq’s accession to the World Trade Organization and strengthening its presence in the multilateral trading system.
For their part, representatives of the International Trade Centre praised the progress made in the accession file and the level of coordination with the Department of Foreign Economic Relations, stressing their readiness to continue providing the necessary technical support to complete the accession requirements.
MNT GOAT: ⏳ RV Reality Check – It’s Not About Article 12, It’s About Economics 💼, PART. 1
MNT GOAT
STATUS OF THE RV
📉 RV Status Update – Reality Check, August 2025
🔹 No RV yet as August begins — and for good reason. The delays aren't mysterious or hidden; they're tied to real-world events and economics, not guru hype.
🔹 The idea that "budget tables" (Article 12) are holding up the RV is false. These tables are used to allocate funds to projects, not to trigger a revaluation. Many of those projects are delayed to 2026 due to falling oil prices and lack of funding.
🔹 Iraq’s major revenues are still in USD (petrodollars), not dinar. Revaluation is not needed to fund the budget — they’re still using the dollar for that.
🔹 For an RV to happen, Iraq must de-dollarize and unpeg from the USD — and they haven’t done that yet. Stability and control of the currency must come first.
🔹 The real focus is on fighting inflation, attracting foreign investment, and creating a strong financial structure — not just slapping on a higher rate.
🔹 Bottom line: No shortcuts. The RV must be economically justified and sustainable, not driven by speculation or internet noise.
💸🇮🇶 Iraqi Dinar Stabilizes & Gains Strength – Confidence Returns!
💸🇮🇶 Iraqi Dinar Stabilizes & Gains Strength – Confidence Returns!
📈 The dinar is closing in on the official rate of 1,320 IQD per USD, signaling real recovery — not just a temporary fix.
🔄 FROM CHAOS TO COORDINATION
📉 Street value once controlled by speculators.
🏛️ Now the government is tightening regulations & banning dollar use in high-end local purchases.
🏦 Central Bank auctions are being replaced with formal banking channels.
✅ Speculation ➡️ Structure
💵 A NEW FLOW OF DOLLARS
🛢️ Contractors now paid in oil instead of cash → sell oil → bring dollars through non-CBI channels.
🚫 Iraq's past re-export black market (to Iran, Syria, Turkey) is shrinking fast.
📉 Dollar demand is falling, trust in the official rate is rising.
🏗️ STRUCTURAL OVERHAUL + ECONOMIC COOLDOWN
🧾 More electronic payments, trader access to official rates.
🏗️ Slower infrastructure spending = fewer imports = less dollar demand
🧊 Reforms + slowdown = cooling pressure on currency
🛤️ THE ROAD AHEAD
💰 Iraq has strong reserves & oil exports
✅ The real win? Trust in the government’s ability to manage resources.
⚖️ What’s needed next: consistent enforcement + continued reform
🧭 “The dinar is no longer drifting — it’s being steered.”
MNT GOAT: 💰 Dinar Comeback? Market Rate Nears Official Value at 1,320!
"IRAQI DINAR NEARS OFFICIAL RATE AS MARKET STABILIZES."
"Iraq's national currency, the dinar, is showing strong signs of recovery, with the market rate steadily approaching the official exchange rate of 1,320 IQD to the US dollar.
After a turbulent period of volatility and speculation, this shift signals something deeper than a temporary market correction - it's the product of deliberate government action, changing trade behaviors, and a structural shift in how Iraqis interact with money. "
The gap between the official and street rate is closing. And that gap,
which for months symbolized inefficiency and mistrust, is now rapidly shrinking.
...... Choo-Cho..........
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🚨BREAKING: New Iraq Dinar = New Rate ( IN-COMING )
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