DOLLAR RISE, SALARIES CUT, AND NO FOOD RATIONS… EXPERT: IRAQ HAS BEGUN IMPLEMENTING THE “WHITE PAPER”
(Mnt Goat: It is important to remember that when in many of these articles they normally talk about ‘raising the rate” of the dinar they actually mean raising the sanctioned rate i.e. 1320 to 1440 and this is a devaluation. And when they normally talk about ‘ reducing the rate” of the dinar they actually mean lowering the sanctioned rate i.e. 1320 to 1166 and this is a revaluation)
On Friday, December 12, 2025, economist Nabil Al-Marsoumi spoke about the repercussions of the “White Paper” adopted by the International Monetary Fund and the World Bank to manage economic crises in developing countries, which Iraq has begun to implement.
In a blog post followed by Al-Jabal, entitled “The First Option for Economic Reform (The White Paper)”, Al-Marsoumi said that “the International Monetary Fund and the World Bank believe that economic crises in developing countries are caused by errors in macroeconomic policies in developing countries, and that correcting this requires making fundamental changes to these policies, even if it is at the expense of social goals and the poor.”
He added, “The economic reform package adopted by the International Monetary Fund consists of:
1. Reducing the exchange rate of the national currency and then floating it.
2. Raising the interest rate and setting credit ceilings.
3. Gradually reducing government subsidies for government goods and services.
4. Reducing public spending on goods and services.
5. Reducing the salary budget and limiting the appointment of graduates in government institutions.
6. Restructuring and privatizing loss-making public sector institutions.
7. Reducing social transfer expenditure items, particularly with regard to subsidizing the prices of essential food commodities.
8. Raising energy prices to the level of global prices.
9. Raising tax rates, increasing tax revenue, reorganizing and creating other tax bases, imposing direct taxes or policies related to indirect taxes, as well as increasing the taxpayer base, reducing tax exemptions, developing collection methods, and combating tax evasion.
10. Liberalizing all prices and trade.
Al-Marsoumi pointed out that
“Iraq actually began implementing the IMF reform program, under the banner of the White Paper in 2020, after the collapse of oil prices as a result of the spread of Corona and the closure of the global economy. The White Paper was supposed to implement the following measures:
1. Reduce the wage and salary bill from 25% of GDP to 12.5% within three years.
2. Restructuring the public sector salary scale by halting new recruitment and replacement processes in the public sector.
3. Applying income tax to employee allowances, incentives, bonuses, and other benefits.
4. Reducing total government support from 13% of GDP to 5% over three years, which extends from electricity and fuel fees to canceling the ration card and limiting it to those covered by the social protection network after its rationalization, which ultimately means higher prices for fuel, electricity and food, and consequently higher levels of inflation in the Iraqi economy.
5. Raising the exchange rate of the dollar against the Iraqi dinar, which actually happened in Iraq and which had a negative impact on the poor and even middle class in Iraq after the government raised the dollar exchange rate by 23% against the Iraqi dinar.
Al-Marsoumi concluded his post by saying: “In general, implementing the White Paper reforms entails a heavy social cost borne by the poor and those with limited income, and this will push us to publish another possible option that could be a national option for reform.
๐จ EXPERT CONFIRMS: Iraq Has Already Begun Implementing the “White Paper” Economic Reforms
⚠️ Important Disclaimer
This article reflects expert opinions, public economic documents, and analytical commentary. It is not financial advice. Always consult qualified professionals before making financial decisions.
๐ What Is Iraq’s “White Paper”?
Iraq’s White Paper for Economic Reform is a 95-page strategic document officially approved by the Iraqi government on October 13, 2020, under then–Prime Minister Mustafa Al-Kadhimi.
The document outlines:
Over 200 actionable reform measures
A three-year roadmap
Structural solutions to Iraq’s long-standing financial crisis
Far from being theoretical, experts now confirm that implementation began immediately in 2020.
๐ง Expert Insight: Implementation Has Already Started
In a recent article, Iraqi economist Al-Marsoumi stated clearly:
“Iraq actually began implementing the IMF reform program under the banner of the White Paper in 2020.”
This statement is critical, as it confirms that Iraq’s reforms are not future promises, but ongoing processes
already well underway.
๐ฆ The IMF & BIS Role in Iraq’s Reforms
According to Al-Marsoumi, the White Paper reforms are directly aligned with programs adopted by:
International Monetary Fund (IMF)
Bank for International Settlements (BIS)
These institutions typically support deep structural changes, not cosmetic adjustments.
๐ Core IMF/BIS Reform Measures Explained
๐ Reform #1: Currency Adjustment & Float
“Reducing the exchange rate of the national currency and then floating it.”
๐ This is a classic IMF strategy used globally before strengthening a currency over time.
๐ Reform #2: Liberalization of Prices & Trade
“Liberalizing all prices and trade.”
This means:
Removing artificial price controls
Opening markets to global competition
Encouraging foreign investment
Ending subsidy distortions
๐ก These measures are essential for:
Currency credibility
WTO compliance
International banking integration
๐ Why These Reforms Matter for Iraq’s Currency
The White Paper framework supports:
Exchange rate modernization
International settlement compatibility
Banking transparency
Capital inflows
Stronger purchasing power over time
Historically, countries implementing IMF-led reforms often experience currency restructuring, especially once political and security stability improves.
๐ White Paper + Timing: Why “Now” Matters
Several factors are converging:
Iraq’s improved security environment
Rising oil revenues
International banking confidence
IMF/BIS reform milestones already achieved
Pressure to modernize before regional competitors
๐ These conditions suggest Iraq is transitioning from reform to execution.
๐ Featured Snippet: Quick Summary
Iraq’s 95-page White Paper, approved in 2020, is already being implemented under IMF and BIS guidance. Core reforms include exchange rate restructuring and price liberalization—key steps toward full economic normalization and potential currency realignment.
❓ Q&A: Iraq White Paper & Currency Reform
❓ When was the White Paper approved?
October 13, 2020.
❓ How many reforms does it include?
More than 200 actionable measures.
❓ Is Iraq already implementing it?
Yes, experts confirm implementation began in 2020.
❓ Does the White Paper include currency reform?
Yes, including exchange rate adjustment and eventual floating.
❓ Why is IMF involvement important?
IMF-backed programs typically precede major financial restructuring and international integration.
๐ Bigger Picture: A Train Already in Motion ๐
The repeated “Choo-Choo” references used by commentators symbolize a key truth:
๐ Once IMF/BIS reforms begin, they rarely reverse.
They move step by step, often quietly, until the final outcomes become visible to the public.
๐ Stay Connected for Ongoing Iraq & RV Analysis
"EXPERT: IRAQ HAS BEGUN IMPLEMENTING THE "WHITE PAPER"
(Full article in the Articles Section) The Iraqi government's 95-page White Paper was formally approved by Iraqi Prime Minister Mustafa Al-Kadhimi's cabinet on October 13, 2020. With more than 200 actionable reform measures, the document offers an ambitious three-year plan for how Iraq's financial predicament can be reversed. In a recent article Al-Marsoumi pointed out that "Iraq actually began implementing the IMF reform program, under the
Sudanese advisor: 8 trillion dinars in tax revenues expected this year as a result of financial reform policies
The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, predicted that the state would achieve initial tax revenues of approximately 8 trillion dinars during the current year 2025, explaining that this figure represents about 50 percent of the total non-oil revenues estimated between 16 and 17 trillion dinars, at a time when initial estimates indicate the possibility of non-oil revenues rising to about 18 trillion dinars by the end of the year .
Saleh said, "These indicators reflect a gradual shift in the structure of public revenues as a result of the policies adopted by the government within its economic and financial reform program, which aims to reduce dependence on oil as a primary source of public revenues and to enhance resources."
He explained that “the government, with legislative support from the House of Representatives since 2022, has developed a broad reform roadmap aimed at raising the contribution of non-oil revenues to about 20 percent of total public revenues in annual budgets, after it did not exceed 10 percent in previous years, which is considered a structural transformation in public finance management.”
Saleh explained that “improving the efficiency of indirect tax collection, especially customs, is an important factor, as every 1 percent increase in the efficiency of customs collection, at current levels, provides additional revenues exceeding 800 billion dinars annually,” stressing that “these additional resources have a real ability to finance the salaries of tens of thousands of public service employees and alleviate the pressure on the public treasury.”
The financial advisor pointed out that “raising the efficiency of collection is directly related to bringing the tax authority into the scope of broad digital governance, especially in collection and enforcement operations, explaining that this transformation has begun to take its practical course through the electronic customs project, which has begun using information technology and ASYCUDA systems in the inspection and evaluation of goods entering the country.”
He added, "These steps complement the control of border crossings and linking them to modern electronic systems, in addition to coordinating with foreign trade financing systems in foreign currency, in order to achieve better control over import movement and reduce waste and misuse of foreign currency provided by the state."
Saleh emphasized that "these measures combined contribute to reducing tax evasion, whether in customs duties or the resulting commercial profits taxes, as well as enhancing transparency in import, pricing and external financing operations." link
The following information reflects circulating reports, claims, and opinions within the Global Currency Reset community. It is not confirmed financial or legal advice. Always conduct your own due diligence and consult licensed professionals before making any financial decisions.
๐จ Global Currency Reset: Momentum Reaches Critical Levels
Over the past 48 hours, GCR-related reports have intensified, with claims pointing toward Tier 4B notifications, historic bond payouts, and the long-anticipated rollout of NESARA/GESARA frameworks.
Many within the community describe this moment as “imminent”, citing synchronized signals across bonds, banking, and international ministries.
⏰ Tier 4B Notifications: “Expected Imminently”
According to multiple community channels, Tier 4B notifications were expected to be released at any moment, following bond settlements.
Notifications reportedly tied to lawyer and ministry communications
NDAs activated immediately upon funding
Described as a “shotgun start” scenario
๐ These claims remain unofficial and unverified, but timing alignment has fueled increased anticipation.
๐ฌ๐ง UK Bond Report: Ministry of Defense Payout Claim
๐️ Tuesday, December 16, 2025
Source: Valid Source Report (Community-Based)
A widely shared message from the UK states:
“From my very close friend and site member in the UK… He received a notification after 9pm from the lawyers that the Ministry of Defense are paying out. This is fines and penalties. We are there!!! I won’t be able to notify you of my funds as my NDA is in place.
”
Why This Matters:
Ministry-level involvement is viewed as a major confirmation signal
“Fines and penalties” language aligns with long-standing GCR narratives
NDAs are often cited as reasons for silence post-funding
⚠️ Again, this remains a claim, not publicly verified documentation.
๐ December 15, 2025: GCR Activation Claims Circulate
Reports dated Monday, December 15, 2025, allege that the Global Currency Reset entered full activation.
Claims Include:
209 nations transitioning to gold-backed currencies
Launch of the Quantum Financial System (QFS)
Collapse or bankruptcy of:
Federal Reserve
IRS
Central banking system (as described by claim sources)
These assertions reflect long-standing GCR narratives, though no official confirmation has been issued by global authorities.
๐ฆ NESARA / GESARA: Debt Forgiveness Claims
One of the most widely shared aspects of the update centers on NESARA/GESARA.
Alleged Outcomes:
Erasure of:
Mortgages
Credit card debt
Student loans
Personal debt
Global debt forgiveness for billions worldwide
Transition from fiat currency to asset-backed systems
๐ Telegram channels such as Debt Clock have amplified these claims, contributing to viral spread.
๐ Quantum Financial System (QFS): What Is Being Claimed?
Supporters of the narrative state that the QFS is now operating at full capacity:
Alleged Features:
Gold-backed settlements
Stellar Blockchain-style immutable ledgers
Elimination of fraud and manipulation
Foundation for the “greatest wealth transfer in history”
Additionally, claims suggest:
Replacement of legacy banking infrastructure
Release of suppressed technologies
Financial sovereignty for individuals
⚠️ These descriptions are theoretical and speculative, not officially documented systems.
๐ Featured Snippet: Quick Overview
Global Currency Reset reports claim Tier 4B notifications are imminent following UK bond payouts, while narratives surrounding NESARA/GESARA, debt forgiveness, and Quantum Financial System activation continue circulating across Telegram and community channels. None of these developments have been officially confirmed.
❓ Q&A: Global Currency Reset Claims Explained
❓ Are Tier 4B notifications confirmed?
No. Reports indicate expectations, but no public confirmations exist.
❓ Did the UK Ministry of Defense pay bonds?
Claims state lawyers notified bondholders, but no official statements verify this.
❓ Is NESARA/GESARA active?
There is no verified governmental confirmation of NESARA/GESARA implementation.
❓ Is all debt being forgiven?
Debt forgiveness claims remain speculative and unverified.
❓ Is the Quantum Financial System live?
No officially recognized financial authority has confirmed QFS deployment.
๐ง Why These Narratives Persist
Global economic instability
Growing distrust in fiat systems
Rising debt levels worldwide
Desire for systemic reset and fairness
Historical secrecy around major financial shifts
These factors create fertile ground for reset-based narratives, especially during periods of geopolitical and economic stress.
Iraq and Indonesia discuss strategic cooperation in the oil and gas sector
Iraq and Indonesia discussed on Tuesday the possibility of strengthening strategic cooperation in the oil and gas sector, which would include Pertamina International Energy Company (PIEP).
These discussions took place during a meeting held in Jakarta on Tuesday between Deputy Minister of Energy and Mineral Resources, Yuliut Tanjung, and Deputy Minister of Exploration and Production Affairs at the Iraqi Ministry of Oil, Basim Mohammed Qadhir.
Tanjung said: “The Indonesian government is committed to promoting sustainable and mutually beneficial cooperation in the oil and gas sector, not only to enhance national energy security, but also to create added value for both countries through capacity building and knowledge transfer.”
Pertamina International Energy Company (PIEP) participated in the project due to its role as an operational provider in the oil and gas sector, particularly in supporting the development of oil and gas fields in Iraq, while promoting efforts to achieve energy self-sufficiency nationwide.
Indonesian-Iraqi cooperation in the oil and gas sector is currently being prepared through an intergovernmental memorandum of understanding that has been submitted to Iraq through diplomatic channels and is currently under discussion.
The scope of cooperation under discussion includes facilitating oil and gas trade and investment, promoting technology transfer and exchange of expertise, conducting joint research, and developing human capacity-building activities.
Furthermore, the cooperation also aims to provide opportunities for Indonesian state-owned companies to participate in oil and gas projects in Iraq, and to enhance coordination between stakeholders in both countries.
Other areas of cooperation discussed include capacity building (training and universities), seismic data research and management, and drilling.
Qadhir said: “The memorandum of understanding in the oil, gas and energy sector will provide opportunities for greater cooperation between the two countries in the energy sector.”
PIEP currently holds a 20% participating interest in one of Iraq's oil fields.
The Iraqi government invited Indonesia, through Pertamina, to jointly manage existing producing oil fields and explore potential “green” oil fields, as part of a joint project. link
๐ฎ๐ถ๐ฅ IRAQ’S SEPTEMBER 30 DEADLINE: THE SOVEREIGNTY SHOWDOWN IS HERE! ๐ฅ๐ฎ๐ถ ๐จ 54 DAYS AND COUNTING! ๐จ Iraq is moving toward a major ...
