🌍 Iraq Dinar RV Update: Bonds, Global Reset Signals, Silver Explosion & Trump at Davos
The global financial landscape continues to shift rapidly, and today’s MarkZ update brings critical insights into the Iraqi Dinar revaluation (RV), bond activity, global reset indicators, precious metals, and high-level geopolitical movements.
With a 3-day U.S. federal holiday weekend (Martin Luther King Jr. Day), rising tensions in Iran, economic restructuring in Iraq, and President Trump preparing for Davos, many believe we are approaching a pivotal moment.
Let’s break it all down.
⚠️ MarkZ Disclaimer
Please consider everything on this call as my opinion. People who take notes do not catch everything, and it’s best to watch the video to get the full context. Always consult a professional before making any financial decisions.
🏦 Bond Market Update: Europe in Focus
MarkZ confirmed that a key bond-related meeting is scheduled in Zurich, Europe, taking place within hours of the update.
Recent reports indicate the U.S. dollar is rising again in Iraq, causing the dinar to temporarily weaken as citizens continue using dollars for daily transactions.
However, this is not necessarily negative.
Major Development:
The Governor of the Central Bank of Iraq met with Oliver Wyman, a global consulting firm, to discuss:
Improving Iraq’s financial sovereignty
Enhancing Iraq’s credit rating
Preparing for currency value adjustments
🔍 Why this matters: A higher credit rating is a prerequisite for a stronger currency. These actions strongly suggest Iraq is preparing for a monetary shift, not abandoning it.
🗳️ Political Smoke Screens? Maliki, Sudani & Timing Concerns
Some members expressed concern that recent political events in Iraq may be intentional distractions.
Common sentiment:
“Some days it feels like Iraq doesn’t want to RV”
Others believe political noise is a smokescreen
Mnt Goat still believes Iraq will delete the three zeros this month
Historically, major currency moves often happen during confusion, not clarity.
🌎 Global Reset Watch: Iran, Venezuela & Economic Shockwaves
MarkZ highlighted a significant concern:
🇮🇷 Iran’s currency crashed this week
🌍 Venezuela and Iran developments support a global reset narrative
⚠️ These events may have slowed timing, but not stopped progress
“I believe we are still on the precipice of our blessing.”
🇺🇸 IRS Rumors & Structural Changes
There are growing rumors circulating that:
IRS transactions may be paused for 90 days
Internal reviews for fraud
Potential restructuring into an “External Revenue Service”
Speculation of major announcements in about 6 days
⚠️ MarkZ stresses:
“Lots of rumors… very difficult to know what is reality and what is not.”
Best strategy right now? 👉 Sit back and watch.
🇻🇳 Vietnamese Dong Update
Good news on the Dong front:
Bankers are actively training
Financial institutions are organizing exchange protocols
Strong expectations that Vietnamese Dong and Iraqi Dinar may go simultaneously
This supports long-standing theories of basket currency revaluation.
🥈 Silver Shock: Explosive Price Rumors
Silver is heating up fast:
Spot price: $88
Asking price: $91
Rumors of $300+ silver
Reports that HSBC must exit silver positions by Jan 31
Speculation of prices reaching $347
If even partially true, silver could signal major systemic stress.
⚖️ Supreme Court, Tariffs & RV Switches
There was anticipation of a Supreme Court ruling on tariffs, which did not happen today.
Some believe:
If tariffs are overturned
It could force economic levers
Possibly triggering RV mechanisms
Still speculative — but worth watching.
🌐 Trump, Davos & the World Economic Forum
President Donald Trump is expected to speak at Davos on the 19th.
Why this matters:
Davos = global economic power hub
Major announcements often follow
Trump addressing “globalists” is highly symbolic
“What’s it going to look like? I can’t wait to see it.”
💱 Redemption & Exchange Preparation Tips
If exchanges begin:
Bring all currency
Bring purchase receipts
Bring IDs and documents
Treat it like opening new bank accounts
A detailed checklist is still expected.
❓ Q&A – Featured Snippets Ready
❓ Is Iraq preparing to revalue the dinar?
Yes. Meetings with global firms, credit rating discussions, and currency reform language strongly suggest preparation.
❓ Are bonds active right now?
Yes. Meetings are occurring, especially in Europe, though activity remains discreet.
❓ Will the Iraqi dinar and Vietnamese dong revalue together?
Many banking sources believe they will move at the same time.
❓ Is silver about to skyrocket?
Silver supply pressure, institutional exits, and pricing discrepancies suggest major volatility ahead.
❓ Should we trust all RV rumors?
No. Always filter rumors carefully and wait for verified actions.
🔮 Final Thoughts
Despite noise, delays, and global instability, the underlying signals remain strong. Financial systems worldwide are under pressure, and change is inevitable.
Iraq’s economy continues to make strategic moves toward financial modernization. Recent developments highlight multi-currency trading conditions, ongoing oil price forecasts, and implications for the Iraqi Dinar (IQD).
Understanding these updates is key for anyone tracking the potential revaluation (RV) and the health of Iraq’s monetary system.
🏦 CBI Approves Multi-Currency Trading
The Central Bank of Iraq (CBI) has set new conditions for Iraqi banks wishing to trade in currencies other than the US dollar, such as the Euro and Chinese Yuan.
Key Conditions for Banks:
Minimum capital requirement: 300 billion Iraqi dinars
Compliance with international trade regulations
Integration with existing CBI oversight and payment systems
This marks another step away from past UN sanctions-era limitations, allowing Iraq to re-enter global trade markets more flexibly.
Although banks can technically trade in foreign currencies since January 2023, international adoption remains limited due to the dinar’s low valuation and geopolitical concerns, particularly Iranian influence.
🛢 Iraq’s 2026 Oil Price Forecast
Oil remains Iraq’s primary revenue source, making its price a major factor for economic stability.
2026 Budget Estimates:
Price per barrel: $55–$62 (Prime Minister’s financial advisor, Mazhar Muhammad Saleh)
Influencing factors:
Geopolitical tensions
Global energy demand
OPEC+ production policies
Renewable energy trends
External Considerations:
Julie Green prophecy predicts potential disruptions in Saudi oil, possibly raising global oil prices.
Standard & Poor’s reports a potential average Brent crude price of $58, indicating a short-term decline from 2025.
Iraq’s budget range demonstrates flexible fiscal planning to handle volatility while maintaining monetary reserves and currency stability.
💡 Featured Snippet
The Central Bank of Iraq has set conditions for banks to trade in multiple currencies, signaling a move away from dollar dependence.
Coupled with a projected oil price range of $55–$62 in 2026, these developments strengthen Iraq’s economic framework and influence the stability of the Iraqi Dinar.
📊 Key Factors Affecting Dinar Revaluation
Stable Economy & Low Inflation – Essential for confidence in the IQD.
Political Stability – Completion of elections and government cooperation.
High Monetary Reserves – Supports currency value and budget planning.
Sanctions-Free Trade – Reduces artificial restrictions and enhances liquidity.
Oil Price Stability – $55–$62 range helps maintain fiscal health.
Security & Reduced Militia Influence – Critical for investor confidence.
Anti-Corruption Measures – Ensures funds are used effectively.
While Iraq is moving in the right direction, the RV depends on all these conditions aligning, not just rumors or speculation.
❓ Q&A: Understanding the Latest Iraq Dinar & Economy Updates
Q: Can Iraqi banks trade currencies besides the dollar? Yes, but only if they meet CBI requirements, including a minimum capital of 300 billion IQD.
Q: Is the oil price in Iraq’s 2026 budget fixed? No, it is projected between $55–$62 per barrel, subject to geopolitical and market factors.
Q: Does this mean the Dinar is revalued? Not yet. These steps strengthen
economic stability, which is a prerequisite for a potential RV.
Q: How does Saudi oil affect Iraq’s currency? Fluctuations in regional oil supply can influence Iraq’s reserves, fiscal balance, and Dinar stability.
🔹 Conclusion
Iraq is actively modernizing its financial system:
Banks can now trade in multiple currencies, moving away from US dollar dependency.
Oil price projections are realistic, reflecting geopolitical and market volatility.
Economic and political stability remain crucial for the Dinar’s potential RV.
The RV is not immediate. Understanding Iraq’s policy measures, customs reforms, and budget planninggives a clear picture of how and when the IQD could strengthen.
So, we all knew this next news was coming and I talked about this just recently. Gee- whiz…. this is like déjà vu! See article titled “AN ECONOMIC OBSERVATORY REVEALS THE CENTRAL BANK OF IRAQ’S CONDITIONS FOR BANKS TO TRADE IN CURRENCIES OTHER THAN THE DOLLAR.” Here it is in this article. Another step in the breakaway from sanctioned times, this time global payment for trade, just as I told you was coming and had to come. Am I a mind reader or what? Lo..lo..lol..lol..
But this is not he end yet and there is still much work to be done. Yes, Iraq must get out of this 1991 and 2003 UN sanction-mode mindset and get back to regular international trade processes. We are now witnessing yet another step forward and this is a good one.
Remember what we witnessed last year at about this time with the correspondent banks and the ending of those nasty corrupt currency auctions. Now to be fair about this announcement Iraq has been allowed to trade in any currency since January 2023 just so you know. But how could it since nobody wants the dinar at 1/6 of a penny. What the hell are they going to do with the dinar it if they take on payment? It’s still not yet traded openly through the international markets and it’s stigma still exists as long as Iran is still involved in Iraqi affairs. We can see the next step for the dinar and this article really hits it home…..
I will quote from the article “An economic observatory announced the new conditions set by the Central Bank of Iraq for banks wishing to trade foreign currencies other than the dollar, such as the European “Euro” and the Chinese “Yuan,” noting that among these conditions is that “the bank’s capital must be 300 billion Iraqi dinars.”
________________________________
What else in in the news?
Before addressing the topic of the price of oil and its future impact on Iraq, I strongly encourage everyone to go listen to one of today’s prophecies by Julie Green titled “TIME TO BRING ALL FAKE GOVERNMENTS TO THEIR KNEES” in the prophecy section of today’s Newsletter. The timing of the prophecy could not be any better. Yes, God is amazing!
I want everyone to know that when they talk about a “deficit” for Iraq I want to clarify what this actually means:
First, if means that there is probably a drop in oil prices since most of their revenues now come from oil thus the CBI will have to use the monetary reserves to pay the bills, thus a drop in the reserves. This a bad thing for the RV is it last long enough. We all know how important these reserves are to back up the economy and the rate of the dinar. Since the dinar is now being “artificially suppressed”, I am of course talking about getting the true nominal value of the dinar out to public trading. This is the dinar rate I am talking about not the current ‘offical’ rate.
Second, if Iraq has a constant drop in the reserves over a long period, it could lead to a situation like during Covid, but this probably will not happen as they are adjusting the 2026 budget to the lower projected price of oil. This may mean holding off on many infrastructure projects unless investment money trickles in. Of course, a reinstatement of the dinar might help…. See article titled “GOVERNMENT ADVISOR: THE PRICE OF A BARREL OF OIL IN THE 2026 BUDGET IS BETWEEN $55 AND $62.”
The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, predicted on Monday that the average price of a barrel of oil in the 2026 budget would range between $55 and $62, noting that these estimates are subject to change due to several factors.
He pointed out that “these estimates remain subject to change depending on a number of influencing factors, most notably developments in geopolitical conflicts, changes in the pace of global energy demand growth, production policy decisions within the framework of ‘OPEC+’, as well as the accelerating shift towards renewable energy and climate policies.”
Let me tell you another influencing factor in the price of oil hardly anyone is talking about. How will the most recent prophecy by Julie Green stating that Saudi Arabia’s oil in the middle east will “run dry”. This will certainly drive the price of oil sky high! This may be the driving force to bring the price of oil up again. Is this in part why God is doing this to Saudi oil? Will this happen in 2026?
Then in the article titled “AN AMERICAN COMPANY RAISES THE ALARM ABOUT THE ACCOUNT DEFICIT AND HARD CURRENCY SHORTAGE IN IRAQ.”
Standard & Poor’s Global Energy reported on Saturday that the decline in oil prices will affect Iraq’s hard currency reserves, indicating the possibility of a large current account deficit. The company predicted in a report seen by Shafaq News Agency that the average price of a barrel of oil (Brent crude) will reach $58 in 2026, a decrease of 16% from the expected averages for 2025.
I talked about this drop in oil prices as it was coming. Iraq had plenty of chances to get it right can they get it right now. With the news from this article above you can see why Iraq has decided to budget at a range between $55 and $62. But remember that their budget is flexible and this can change either way. Politics and corruption got in the way of common sense for Iraq too and now they are paying the price. They should have followed through with the RV more than a decade ago. Governments need to go back to good-ole common sense and stop all the racism, sexism and phobias that hinder common sense approaches. Yes, it is all a game to bring our nations down. They using these narratives and its getting us nowhere fast.
So, I consider this range between $55 and $62 good news for Iraq and shows the ability to conduct responsible budget planning. But I don’t believe oil will remain that low as I see many other factors on the horizon affecting it upwards.
Please see article titled “SALEH’S APPEARANCE: HIGH OIL PRICES MAY PROTECT THE CURRENCY DESPITE GEOPOLITICAL TENSIONS”.The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, said on Monday that the impact of geopolitical tensions on the exchange rate depends on several factors, and is not related to price increases alone.
What is always a good environment for the RV to happen?
A stable economy, low inflation
A secure Iraq (not with Iranian militia present)
High price of oil (more like a stable price of oil around $70)
High monetary reserves and ability to maintain them (very important)
No sanctions
Political stability (a government in place that works together to meet national goals) Iraq must finish the election cycle and so who is going to lead Iraq? Getting the Oil and Gas Law passed.
No corruption
I will let you decide how Iraq fairs in these criteria. Is Iraq now ready for an RV? What do we see that must change?
Warnings of escalating public anger following tax and customs duty hikes
Economic expert Ahmed Al-Tamimi warned on Monday (January 12, 2026) of the possibility of escalating public anger in Iraq due to the government's decisions to raise taxes and customs duties, coinciding with rising prices of basic commodities in the markets, which increases the pressure on the living standards of citizens, especially those with limited income.
Al-Tamimi told Baghdad Today: “Any increase in taxes or customs duties, if not accompanied by clear social protection measures, will directly affect the prices of goods and services, because the merchant and the importer will pass on the cost of the increase to the end consumer, while the Iraqi citizen is already suffering from the erosion of income as a result of inflation and the high cost of living.”
He added that “the Iraqi public is sensitive to economic decisions that affect livelihoods, and such measures could turn from an economic issue into a social and perhaps political crisis if they are not managed wisely and transparently.”
He pointed out that “raising customs duties may be financially justified to support non-oil revenues, but the current timing is not appropriate due to weak market control and the absence of local alternatives capable of meeting market needs, which leads to higher prices without a tangible improvement in services or income levels.”
Al-Tamimi stressed that “continuing this approach without societal dialogue or governmental clarification will increase public discontent, especially with citizens feeling that the economic burdens fall on them alone, in light of the absence of real reforms to combat waste and corruption and improve financial management.”
For his part, economist Ziad Al-Hashemi believes that implementing the new customs system and imposing customs duties, along with regulating remittances through a unified governance system, represents a correct and initial step in the right direction, but he stressed that the problem lies in the implementation mechanism and the state’s management of the transition process from the previous situation to the new system.
Al-Hashemi explained in a statement to “Baghdad Today” on Sunday (January 11, 2026) that “the rapid and comprehensive application of the system has led to confusion in Iraqi markets and has directly affected citizens,” noting the need for “the government to reassess the implementation mechanism, and perhaps introduce amendments to mitigate the damage caused by the speed of implementation.”
He added that "the solution lies in adopting a phased implementation mechanism, starting with focusing on specific priority goods, reviewing the customs duties imposed on them, and monitoring the repercussions of this phase before moving on to other goods, so that the process is carried out in several stages that allow for absorbing the change and reducing the damage to society, markets and traders, in addition to its impact on supply and demand."
Al-Hashemi stressed that “the gradual approach helps the government achieve its goals in controlling remittances and commercial operations and achieving non-oil revenues that support public finances, while at the same time giving traders an opportunity to rearrange their situations and the volume of goods, and sparing the consumer the shock of a sudden rise in prices in the markets.”
He concluded by saying that "this well-thought-out approach will ensure a smooth transition to the new system," expressing his hope that the government will adopt this path during the next phase to ensure market stability and protect the citizen. link
Iraq Dinar 1300 Rate & ASYCUDA System: Stabilization, Customs Reforms, and Economic Outlook
The Iraqi Dinar (IQD) and its official exchange rate have been a frequent topic in the financial news community. Recent analysis highlights the 1300 dinar rate, how it functions, and the role of Iraq’s ASYCUDA customs system in stabilizing the economy.
It’s important to understand this framework to avoid confusion and misinformation about revaluation rumors.
🏦 The 1300 Dinar Rate Explained
The Central Bank of Iraq (CBI) has set the official exchange rate for 2026 at 1300 dinars per USD, a level used consistently since February 2023.
Key Points:
This is not the “investor rate” or market rate, but a policy tool for stability.
The CBI manages internal and external flows by:
Buying dollars from the Ministry of Finance at 1300 dinars
Selling to banks at 1310 dinars
Banks selling to traders and transfers at 1320 dinars
The goal is economic stability, not speculation about immediate revaluation.
📈 Role of ASYCUDA in Economic Stabilization
What is ASYCUDA?
ASYCUDA is an advanced customs management system designed to:
Streamline customs processing
Protect the national economy
Regulate international trade
Connection to the 1300 Dinar Rate:
Implementation of ASYCUDA has temporary effects on currency markets.
The CBI uses the 1300 rate to absorb shocks from new customs duties.
It’s a phased approach, gradually rolling out to minimize disruption.
By controlling the exchange rate during this transition, Iraq avoids destabilization from sudden currency fluctuations.
🛃 ASYCUDA Implementation Timeline
Federal border crossings are being updated phase by phase.
Completion expected by the end of 2026 in most areas, except for the Kurdistan Region.
Supported by IMF and WTO, ensuring compliance with global trade and financial standards.
This indicates long-term planning, not sudden market interventions.
🔹 Economic Context
Customs revenues alone will not match oil revenues immediately. Even at peak efficiency, they may cover 1 month of general budget expenses.
However, once combined with other non-oil revenues, including potential growth from ports like Faw and the Development Road project, Iraq could see significant fiscal expansion.
The phased approach avoids overloading systems and markets with sudden changes.
The parallel market’s dollar spikes are temporary and expected as part of this phased rollout.
🧩 Featured Snippet
The Central Bank of Iraq uses the 1300 dinar rate as a stabilizing tool while implementing the ASYCUDA customs system, phased through 2026. This approach mitigates market shocks, regulates international trade, and strengthens Iraq’s economic framework.
❓ Q&A: Understanding Iraq’s Current Monetary Policy
Q: Is the 1300 rate a revaluation?
No. It is a policy tool for stability, not the investor or public exchange rate.
Q: How does ASYCUDA affect the dinar?
By managing customs and trade, it temporarily influences demand for dollars, which the CBI offsets with the 1300 dinar rate.
Q: When will ASYCUDA be fully implemented?
Expected by end of 2026 at most federal ports, excluding the Kurdistan Region.
Q: Will customs revenues replace oil revenue?
Not immediately. Current projections indicate 8–10 trillion dinars annually, sufficient for short-term expenses but not yet a replacement for oil income.
🔹 Conclusion
The 1300 dinar rate is a strategic tool used by the CBI to stabilize Iraq’s economy during major reforms.
The ASYCUDA system rollout is a phased process, not an emergency measure.
Rumors and speculation about immediate revaluation do not reflect official policy.
Connecting the dots between customs reform, currency management, and trade infrastructure provides a clear picture of Iraq’s fiscal planning through 2026.
Patience and understanding the system are key. Economic stability comes first; revaluation comes after.
I want to emphasize once again not to get negative on the RV.
It’s going to happen and has to happen. The current stalling of the event is almost solely due to what is happening in Iran. Iran will soon fall. It is coming and the writing is on the wall...We are NOT going to see the RV until this happens, says my contact in the CBI.
So, here is an interesting point of view in article titled “RECONSTRUCTION AND DEVELOPMENT: IT IS LIKELY THAT MALIKI WILL ENDORSE SUDANI’S NOMINATION FOR PRIME MINISTER IN THE COMING HOURS.” Abdul Hadi Al-Saadawi, a member of the Reconstruction and Development Coalition, confirmed that the competition within the framework has become limited to Maliki and Al-Sudani, and that one of the two parties must concede to the other, suggesting that Maliki will, in the last hours, endorse Al-Sudani’s nomination for the premiership.
I can see that by the blog comments on the CBI latest announcement about the 1300 dinar that many still don’t know the truth or refuse to believe it. Folks, I know you want the RV real bad but making up stories will certainly not get it for you. It will only prolong the confusion and pain already in this dinar intel community on the web. So, let’s get real and listen to what the CBI tells us about this 1300 rate.
If I were you, I would read the latest article on this 1300 rate subject matter to help clarify it for you. The article is titled “WHAT DOES FIXING THE DOLLAR EXCHANGE RATE AT 1300 IN THE 2026 BUDGET MEAN? AND DOES THE CENTRAL BANK HAVE A PLAN TO CONTROL EXCHANGE RATE FLUCTUATIONS? A SUDANESE ADVISOR EXPLAINS.” Folks Iraq is telling us what it means are you going to listen?
So, here it is in a short summary. This is not the “official” rate for investors, the public to buy and sell dinar. Get it? It is just an “official exchange rate policy used” to control stability in the dinar and not the “official” rate going forward for 2026 down from 1320. I know something was lost in the wording from Arabic to English. But it describes below how the 1300 rate will be continued to be used in 2026 budgeting and how it was used since 2023.
“The Central Bank stated that “the official exchange rate that will be adopted in 2026 is (1300) dinars per dollar, which has been in effect since February 2023.”
Sources revealed that “the Central Bank will buy dollars at a price of 1300 dinars from the Ministry of Finance and sell them at a price of 1310 dinars to banks, which will sell them at 1320 dinars to traders and foreign transfers.”
Can it get any clearer now? Please stop listening to these other intel guru idiots and their hyped up RV versions of what it means.
______________________________
Another topic that needs some clarification is the recent impact of implementation of the ASYCUDA system and how it is the culprit that ties directly into the 1300 rate the CBI is using to stabilize the economy from the shock of the new customs duties. The CBI also told us in the previous article that they will continue this stabilization process in 2026 since they feel the impact of the ASYCUSDA will continue during this timeframe. Take a look at the recent article titled “LEARN ABOUT THE IRAQI GOVERNMENT’S OBJECTIVES IN IMPLEMENTING THE ASYCUDA CUSTOMS SYSTEM.” We must connect the dots and see how the pieces in these articles fit together to get the entire picture and not go off half-cocked.
I quote from the article – “The Center for Strategic Research and Studies affirmed on Saturday that the implementation of the ASYCUDA system and the recent package of customs procedures is not primarily aimed at compensating for the decline in oil revenues, but rather falls within the framework of regulating international trade and protecting the national economy”. Yes, this is it’s primary objectives. But we also learned years ago the massive future potential for revenues to rival that of the oil revenue.
“The center stated in an analytical study followed by Al-Sa’a Network that “the simultaneous launch of the ASYCUDA system, the pre-calculation of customs tariffs, the collection of tax deposits, and the activation of quality control, with the decline in public revenues, led to a mistaken belief that the main objective of these measures is to increase non-oil revenues,” indicating that “this perception does not reflect the essence of customs policies.”
He pointed out that “customs tariff revenues, even in the best of circumstances, will not exceed 8 to 10 trillion dinars annually, (about 8-10 billion) an amount that only covers one month’s expenses of the general budget,” noting that “a decrease in the price of a barrel of oil by $5 is enough to completely eliminate these revenues.”
I was amazed at this past statement as we have been told many times through other articles the funds collected could rival the oil revenues if they were collected and managed correctly. What the hell is wrong with 8-10 billion dollars anyway? Is this article talking about just the funds from current imports as of today or from a standpoint of Iraq being a clearing house for the middle east and parts of Europe with massive imports and exports through the port of Faw and the Development Road project? We must also remember that if these revenues along with other non-oil sources of revenues can be accounted for and sent to the national treasury, we can see some significant changes in Iraq. But they must start somewhere and these negative comments in these articles don’t help Iraq move forward. Is the glass half empty or half full?
So, this next paragraph explains why the dollar spiked again in the parallel market. One must keep in mind that the parallel market is an illegal black market. Remember they have been rolling out this new customs system since 2023, so no one is going to tell me this isn’t a “phased approach”. The dollar rise is temporary while they implement the next phase of ASYCUDA system. In the end of the last phase of implementation, if you recall, the dinar went as low as 1305 afterwords, so it was reported. So, they have a plan, and it does include a phased approach. Could they have done a better job maybe and included more phases thus roll out certain products more slowly? Probably, maybe but I am not the expert nor are the authors of this article. So, suggestions may be a good idea but is not today’s reality. By the way where were they when they were planning this event of rollouts…
So, here is more from the article and I quote – “The study criticized “implementing all the measures at once,” arguing that “a gradual approach would have mitigated the shock by starting with the most valuable and impactful goods, and postponing some systems such as tax trusts and quality control to later stages.”
Yet more proof that the CBI is just using the 1300 rate as a stabilizing factor for the economy while the phase in the ASYCUDA system in article titled “NO FEAR FOR THE DINAR… THE “MONETARY AUTHORITY’S” MEASURES ABSORB THE DOLLAR SHOCK AND PREVENT INFLATION.” Their words not mine. I don’t make up RV stories. Remember no Hype or Rumors! Again, in this article we get the connection between the 1300 CBI actions and the ASYCUDA system implementation. Folks, this is not rocket science to understand but you have to read the articles and tie it all together and stop knee-jerk reactions/thinking. Let it play out and the truth always surfaces. Events don’t happen in a vacuum. The news from Iraq responds to events. Relax and take the RV hat off and learn! Everything is not about the immediate RV.
We can see in yet another article more info about the phased approach and where they now stand in it. It is titled “CUSTOMS DIRECTOR: THE ASYCUDA SYSTEM WILL BE COMPLETED IN MOST PORTS BY THE END OF 2026, EXCEPT FOR KURDISTAN.” The Director General of the Customs Authority, Thamer Qasim Dawood, confirmed that work is underway to implement the ASYCUDA system at federal border crossings, expecting its completion at most crossings by the end of 2026, with the exception of the Kurdistan Region.
We have been told the IMF and the WTO are on top of this effort with ASYCUDA and are helping Iraq in its implementation. A word for thought- Is the Iraqi WTO full accession announcement waiting for the full ASYCUDA implementation? And/or maybe at some point during the reset?
