Wednesday, February 25, 2026

A new round of negotiations to join the World Trade Organization

 A new round of negotiations to join the World Trade Organization

Iraq is continuing its technical and legislative preparations to complete its accession process to the World Trade Organization, a move reflecting its efforts to strengthen its integration into the global economy and create a more stable and attractive investment environment. The Ministry of Trade confirmed that work is progressing rapidly to update the technical files related to goods.

In addition to reviewing the memorandum on the foreign trade system, in line with the new decisions relating to customs tariffs, as part of preparations for the fourth round of negotiations with the member states of the organization.

The spokesperson for the Ministry of Trade, Mohammed Hannoun, explained to Al-Sabah that the technical teams are continuing to complete the updating of the required data and information, in preparation for resuming negotiations on the goods and services files, which are among the basic pillars in the accession process.

He noted that the timeframe for Iraq's full membership in the organization remains contingent on progress in completing these negotiations, as well as the stability of the domestic economic situation. He expressed hope that Iraq's acceptance as a member would be announced in 2028-2029, provided the procedures proceed as planned. 

Addressing the reasons for the delays in the accession process over the past years, Hanoun explained that one of the most significant factors was the failure to enact several important economic laws during the previous parliamentary session, most notably the draft Intellectual Property Law, which is considered essential for fulfilling Iraq's obligations to member states. 

This law is viewed as part of a package of legislation necessary to guarantee the protection of commercial and industrial rights and to align the domestic legal environment with international trade rules.

According to experts, Iraq faces a number of objective challenges that require careful consideration before fulfilling the membership requirements. Foremost among these challenges is the continued heavy reliance on the oil sector as the primary source of revenue, given the weak diversification of the national economy's productive base. There is also a pressing need to modernize the legislative framework in the areas of trade, investment, and government subsidies, in order to align with the organization's rules and minimize any potential conflicts with its commitments.

Among the key areas of focus are the harmonization of customs and trade policies, enhancing transparency in administrative procedures, simplifying import controls, and developing the institutional and technical capacities of the entities responsible for managing the accession process and implementing international obligations. These steps are essential to ensure an orderly transition to a more open and competitive trade environment, without causing sudden shocks to the domestic market.

In the same context, the Administrative Undersecretary of the Ministry of Agriculture, Dr. Mahdi Suhr al-Jubouri, affirmed that Iraq has reached an advanced stage of negotiations, particularly regarding aligning agricultural policies with international standards. In a statement to Al-Sabah newspaper, he explained that the Ministry is working to adapt to the requirements of the Agreement on Sanitary and Phytosanitary Measures (SPS) of the World Trade Organization, which allows countries to take measures to protect human, animal, and plant health, while adhering to international standards issued by recognized institutions such as the International Plant Protection Convention and the World Health Organization.

Al-Jubouri explained that the legal framework governing the agricultural sector includes legislation that complies with international standards, such as the Animal Health Law No. (32) of 2013 and the Agricultural Quarantine Law No. (76) of 2012. These laws regulate pest and disease prevention measures, import controls, oversight of health certificates, and the application of agricultural quarantine rules at border crossings. He noted that these laws form an important foundation for enhancing confidence in Iraqi agricultural products in foreign markets.

In contrast, Al-Jubouri warned that the anticipated trade liberalization upon joining the WTO would lead to increased competition in the Iraqi market due to the gradual reduction of customs barriers, posing challenges for local producers, particularly in the agricultural sector. He emphasized the need for targeted and regulated agricultural support within clear legal frameworks to contribute to increased production efficiency, improved quality, and enhanced competitiveness.

Economic experts believe that completing the accession process represents a strategic step to enhance Iraq’s position in the international trading system, provided that this is accompanied by genuine structural reforms that contribute to diversifying the economy, improving the business environment, and developing the legislative and institutional infrastructure.  link


MNT GOAT: Iraq Reinstatement Update: Election Stability & What Must Happen Next

Iraq Reinstatement Update: Election Stability & What Must Happen Next

MNT GOAT Perspective – Stability Before Reinstatement

Many investors are asking the same question:

Why hasn’t reinstatement happened yet?

The core issue appears to center around one critical factor: government stability in Iraq.

Before any significant monetary shift can occur, Iraq must finalize its election process and secure a stable, internationally recognized government. Without that foundation, major currency action from the Central Bank of Iraq(CBI) would be premature.


Political Shift: Iraq at a Crossroads

Recent political tensions have intensified scrutiny around key figures such as Nouri al-Maliki. Analysts suggest his political footing has weakened amid shifting alliances and pressure for reform.

Supporters of reform policies often credit actions initiated during the administration of Donald Trump for applying diplomatic pressure aimed at reducing foreign influence inside Iraq.

A broader strategic objective frequently discussed in investor circles is the reduction of pro-Iranian dominance in Iraqi political structures. A fully sovereign, stable Iraq is widely viewed as essential for currency normalization.


The “Reset” Narrative: What Does It Really Mean?

The term “global reset” is often used loosely. From a financial perspective, a reset typically refers to:

  • Debt restructuring

  • Trade realignment

  • Reserve diversification

  • Currency recalibration

  • Shifts in geopolitical alliances

These changes do not occur overnight. They unfold in phases.

The argument presented is that this reset is already underway globally — affecting trade, reserve assets, and national sovereignty strategies.

However, currency reinstatement in Iraq would be one component within a broader macroeconomic transition, not an isolated event.


Featured Snippet Section

What Must Happen Before Iraq Reinstatement?

Before reinstatement can occur, Iraq must:

  1. Complete election disputes.

  2. Form a stable, recognized government.

  3. Maintain strong reserves.

  4. Control inflation.

  5. Ensure banking reform readiness.

Stability precedes valuation change.


Why Government Stability Matters for Currency Value

Currency strength is tied to:

  • Political certainty

  • Economic policy consistency

  • Central bank independence

  • International confidence

Without stability, foreign investment slows and currency adjustments become risky.


The U.S. Midterm Factor & Global Politics

Some observers link U.S. political dynamics to broader Middle Eastern policy shifts. The argument suggests that continued policy consistency in Washington impacts reform momentum abroad.

While U.S. midterm elections influence domestic governance, Iraq’s currency decisions ultimately rest with Iraqi institutions and international financial coordination.

It is important to separate:

  • Political opinion

  • Monetary mechanics

  • Institutional authority

The CBI acts based on economic indicators — not campaign cycles.


Weather, Global Tension & Economic Sentiment

Periods of global stress — whether political, economic, or environmental — often increase volatility in markets.

However, currency reform decisions rely on measurable metrics:

  • Foreign exchange reserves

  • Inflation rates

  • Fiscal discipline

  • Banking sector readiness

Emotional or geopolitical turbulence alone does not trigger reinstatement.


Are the Five Key Conditions Met?

Though various analysts define conditions differently, commonly cited prerequisites include:

  1. Stable government formation

  2. Strong reserve backing

  3. Controlled inflation

  4. Banking system modernization

  5. Structured note reform (including three-zero note strategy)

Iraq has reportedly made progress in:

  • Reserve accumulation

  • Digital banking expansion

  • Anti-corruption initiatives

  • Monetary policy enforcement

But the final green light depends on internal CBI timing and international coordination.


Q&A Section

Q1: Is reinstatement guaranteed once elections conclude?

No. Elections are one major condition, but monetary adjustments depend on multiple economic variables.

Q2: Does U.S. political leadership directly control Iraq’s currency?

No. The Central Bank of Iraq operates independently, though international diplomacy can influence economic conditions.

Q3: Is there a confirmed date for reinstatement?

No confirmed public date exists. Any adjustment would be officially announced by Iraqi authorities.

Q4: What role does the CBI play in the three-zero note process?

The CBI oversees currency restructuring, including any potential redenomination or swap-out mechanisms.


What Happens Next?

If Iraq successfully:

  • Finalizes its government

  • Maintains reserve strength

  • Sustains low inflation

  • Continues banking reform

Then the probability of a structured monetary adjustment increases.

However, reinstatement is not based on speculation, prophecy, or political emotion.

It is based on readiness.


Final Thoughts

Investors must stay grounded in fundamentals.

Stability first.
Reform second.
Adjustment third.

Major currency changes occur when:

  • The economic data supports them

  • Political stability is secured

  • Central banks determine timing is appropriate

Optimism is understandable. But disciplined analysis remains essential.

Stay informed. Stay balanced. Stay prepared.


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MNT GOAT

SUMMARY:

I certainly wish I had much better news for everyone today like news of the reinstatement but that is not yet the case. If they can get this election mess completed and get a STABLE government, we have a real chance to see this reinstatement soon, and I mean very soon.

As the articles tells us al-Maliki is on a “sinking ship”. We can thank President Trump and his envoys to Iraq for their efforts in this matter. Remember that change is hard as Iraq is used to foreign policy first under G.W. Bush, then Obama and so it is a very big reversal. A reversal, quite frankly, that had to happen for the RESET to take place. No more pro-Iranian Iraq is the subject at hand.

Remember that the coming reset is not coming but is here. It is going to affect the entire globe. It is a long process but is making great strides in all directions. To continue the process the Trump administration will need success in the mid-terms to gain an even higher margin of majority in both houses. Many, if not all, of the rhinos must also be gone.

I can see that something BIG is going to happen just prior to the mid-terms to try to stop the elections altogether. This event is prophesied and will be done by the deep state to try to stay in power, at least what power they have. They are desperate especially after the successful State of the Union speech by president Trump this week.

God says he will not turnover his Judeo-Christian country of the U.S. to Muslims. It will stay giving all Glory and Honor the real God, the one God. We must also know that this Muslim effort in America is joined by the Marxist Communists. This is their way of using a so-called religion to seed themselves within. Of course, the US Constitution guarantees freedom of religion and so they use our own laws against us to promote their cult.

In the past I talked about the US being on a parallel line with Iraq. We can now see this more than ever. Just look at the ongoing election saga in Iraq and the U.S. is about to enter the same too. This midterm elections in the U.S. is not going to go smooth either, trust me on this one. The democrat deep state will fight to maintain power anyway they can, even hurting the nation and its peoples, if needed.

The weather too is very disturbing and violent and is going to get even worst. I believe this is caused by the negativity and darkness that people all over the world are feeling from their governments and in politics. This negativity is felt by the planet and the planet reacts. If we take these reactions by the planet coupled with the weather modifications that man is conduction, we can see real dramatic shifts in the weather this year. These man-made modifications will only backfire on them and will actually amount to a purification of themselves from the planet. The prophets have talked about this shift for many years. It will eventually end in peace and tranquility but first the shift must happen. We must stay vigilant and prepared but not fearful if we are praying and staying close to God. Somewhere in the process of the shift, we will get the reinstatement. I can not tell you when as no one knows, even those orchestrating it. So, this is not a perfect completion of the shift first, as the reinstatement is part of the shift of global wealth, part of the whole in a timeline.

Many may ask so when might we see the reinstatement so we can go to the bank? Honestly, I am optimistic that this is coming VERY soon but again there are conditions that must be met for Iraq. I have given you these five (5) main conditions over and over again and so are they already met? Please see my 9/16 Newsletter in case you forgot as I took you through an analysis of each item. Have we not seen all of these items highlighted in the recent news from Iraq for months now? Was my CBI contact all wrong?

Later today I will be calling Iraq and talking to my CBI contact to get an update on the situation of the election and where the CBI stands on the swap out of the three zero notes. Stay tuned for my update in my next upcoming Newsletters. Auf Wiedersehen

Much love to ya all, Mnt Goat

We pray-  

A nice prayer from one of my blog followers. Thank You! 

“Be still, wait on the Lord, my modern David will slay the so-called giant of Islam. It will fall they are already begging for mercy, but it will not come as they have sinned so greatly with their blasphemy, disregarded all warnings for the Lord and now HIS WRATH WILL CONSUME ALL WHO CURSE THE CHOSEN!! 

______________________________

________________________________________

Their words not mine

FRANK26 : BANK STORIES VIDEO HIGHLIGHTS SUMMARY #iqd #dinaresgurus #dinarrevaluation #frank26

 

Sudani sponsors the signing ceremony of two preliminary agreements between Iraqi oil companies and US-based Chevron.

 Sudani sponsors the signing ceremony of two preliminary agreements between Iraqi oil companies and US-based Chevron.

 Iraqi Prime Minister Mohammed Shia al-Sudani oversaw the signing ceremony of two preliminary agreements between Iraqi oil companies and the American company Chevron on Monday (February 23, 2026).

The Prime Minister's Media Office stated in a statement received by "Baghdad Today" that "the first agreement was concluded between the Basra Oil Company and the American company Chevron to transfer the management of the West Qurna/2 field, while the second agreement relates to the Dhi Qar and North Oil Companies to develop the Nasiriyah field and the four exploration blocks in Dhi Qar Governorate, in addition to developing the Balad field in Salah al-Din Governorate, with the amendment of the previous agreement to add the Nasiriyah field to it. 

The signing ceremony was attended by the US Special Envoy to Iraq, Tom Barrack, and the US Chargé d'Affaires, Joshua Harris."

During the ceremony, the Prime Minister stressed "the importance of these agreements in promoting reforms in the oil sector, and their positive impact on the economic and living standards in the governorates of Dhi Qar and Salah al-Din."

It is worth noting that Basra Oil Company and Lukoil had previously signed a settlement agreement, under which the contract was temporarily transferred to Basra Oil Company and all financial dues between the two parties were settled, with the settlement to become effective after the Cabinet approved it.

The statement indicated that "a framework agreement was signed between Basra Oil Company, Lukoil and Chevron, allowing for the temporary transfer of the contract to Basra Oil Company, which will later transfer it to Chevron after completing negotiations on the terms of the new contract. The agreement guarantees exclusive negotiation for one year for Chevron according to the standards agreed upon by the parties."    link


MILITIAMAN: Iraq’s Currency Reform Mirrors Turkmenistan 2009: Is a Managed REER Adjustment Next?

Militia Man: A Pattern Investors Should Not Ignore

For those who have followed global currency reforms over the years, the pattern unfolding in Iraq may feel familiar.

In 2009, Turkmenistan executed a structured monetary transition that followed a clear sequence:

  1. Reduced cash circulation

  2. Enforced official exchange rates

  3. Built substantial reserves

  4. Transitioned through a managed currency adjustment

Today, many analysts believe Iraq is following a similar roadmap.

Let’s break this down step by step.


Phase 1: Reduction of Cash Circulation

Before Turkmenistan adjusted its currency framework in 2009, it tightened domestic liquidity.

Iraq appears to have done the same.

Through initiatives led by the Central Bank of Iraq (CBI), Iraq has:

  • Reduced physical cash in circulation

  • Promoted electronic payment systems

  • Expanded state-backed key card usage

  • Implemented digital salary disbursements

  • Increased banking penetration

This transition from heavy cash dependency toward digitized financial flow is critical in modern currency reform.

Why?

Because reducing physical note circulation:

  • Limits black-market manipulation

  • Improves monetary control

  • Enhances transparency

  • Stabilizes exchange enforcement

Turkmenistan did this first. Iraq has followed suit.


Phase 2: Enforcing the Official Exchange Rate

Turkmenistan enforced its official rate before making structural moves.

Iraq maintained the 1300 IQD official rate for approximately three years. During that time:

  • Parallel market spreads narrowed

  • Compliance mechanisms strengthened

  • Foreign currency auctions evolved

  • Dollar outflows were controlled

Maintaining a fixed official rate while strengthening reserves builds credibility.

This is not accidental. It is strategic.


Phase 3: Stacking Reserves

Before adjustment, reserve accumulation is essential.

Iraq has reportedly built:

  • Significant gold reserves

  • Strong foreign currency reserves

  • Increased non-oil revenue streams

  • Maintained relatively low inflation

  • Reduced outstanding large-note circulation

Reserve strength provides:

  • Shock absorption capacity

  • Currency defense capability

  • International credibility

  • Managed adjustment flexibility

Turkmenistan followed the same sequence before redenomination and stabilization.


What Is a Managed REER Adjustment?

REER stands for Real Effective Exchange Rate.

A managed REER adjustment means:

  • The central bank recalibrates currency valuation

  • It is not a free float

  • It is controlled and timed

  • It aligns with macroeconomic fundamentals

If the CBI determines that:

  • Reserves are sufficient

  • Inflation is controlled

  • Digital infrastructure is stable

  • Trade balance supports recalibration

Then the logical next step may be a managed adjustment rather than a sudden, uncontrolled float.


Featured Snippet Section

What is a Managed REER Adjustment?

A managed REER adjustment is when a central bank strategically changes its currency’s value based on macroeconomic fundamentals such as reserves, inflation, and trade balance, rather than allowing the currency to float freely in open markets.


Why Compare Iraq to Turkmenistan 2009?

Both nations:

  • Reduced cash circulation

  • Enforced official exchange rates

  • Built reserves

  • Strengthened financial infrastructure

Turkmenistan completed its transition with a structured adjustment. Observers see similar groundwork in Iraq today.


Why Cash Reduction Matters in Currency Reform

Reducing physical currency:

  • Limits black-market exchange

  • Enhances monetary policy control

  • Improves transparency

  • Strengthens official rate enforcement

Digital payment adoption is often a precursor to broader monetary shifts.


Data Alignment: Does the Pattern Hold?

If we examine Iraq’s current indicators:

✔ Strong foreign reserves
✔ Gold accumulation
✔ Three-year official rate enforcement
✔ Inflation management
✔ Digital financial expansion
✔ Note reduction initiatives

The structural foundation appears consistent with a pre-adjustment environment.

However, timing remains solely at the discretion of the Central Bank of Iraq.


Important Distinction: Reform vs. Speculation

It is critical to understand:

A managed adjustment:

  • Is policy-driven

  • Is data-supported

  • Is not rumor-based

  • Requires international coordination

No central bank moves without macroeconomic alignment.

But when structural markers align, historical precedent becomes a useful analytical tool.


Q&A Section

Q1: Did Turkmenistan suddenly revalue in 2009?

No. Turkmenistan implemented structured reforms, redenomination, and reserve-backed stabilization before completing its transition.

Q2: Is Iraq guaranteed to follow the same path?

No two countries are identical. However, reform sequencing patterns can offer analytical insight.

Q3: What role do reserves play in REER adjustments?

Reserves provide the financial backing necessary to defend and manage a newly adjusted exchange rate.

Q4: Why is digital payment expansion significant?

Digital systems allow tighter liquidity control and reduce black-market influence, creating a stable environment for potential rate recalibration.


Final Thoughts

Currency reform is rarely dramatic at first.

It is methodical.

It is incremental.

It is layered.

If Iraq’s current trajectory mirrors Turkmenistan’s 2009 reform structure, then the groundwork phase may already be complete.

The next phase — if fundamentals continue aligning — would logically be a managed REER adjustment when the CBI deems prudent.

Investors who study patterns understand one truth:

Reforms are visible long before they are announced.


Stay Connected for Ongoing Analysis

🌐 Blog: https://dinarevaluation.blogspot.com/
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Hashtags

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 Militia Man   

For those who have followed currency reforms you might remember this.  Iraq's current phase mirrors Turkmenistan's transition back in 2009.  Turkmenistan first reduced cash circulation...enforced official rates and built reserves.  All those are things Iraq has done, reduced cash - Zane Cash, key card, electronic payments through the state - reduction.  They enforced the official 1300 rates for three years...Three years of stacking reserves - gold, non-oil revenues, low inflation and note reduction...

If all of this holds true, the data strongly suggests it does, the logical next step is a managed REER adjustment when the CBI deems prudent.

FRANK6......UN LEAVING

 

International development is moving towards three investment categories in Iraq.

  International development is moving towards three investment categories in Iraq.

The International Development Bank announced the launch of three new financial and investment products targeting investors, entrepreneurs, startups, and small and medium enterprises, in a move that the bank says aims to enhance liquidity, stimulate economic growth, and empower the private sector through flexible solutions with competitive returns.

The bank stated that the new products came in response to the market's need for more flexible financing tools that help with expansion and support financial stability within a safe banking environment.

The bank stated in a press release that the three products include a profit account, which offers customers a 6.5% profit rate paid upfront, providing immediate liquidity for reinvestment or managing financial obligations from day one; project finance loans with a reduced interest rate of 3.5% to support business growth and accelerate expansion, enabling startups and SMEs to enhance productivity and create jobs; and an investment deposit account with annual returns of up to 10% distributed monthly, providing investors with a regular income, as confirmed by the bank.

In a move that it said comes within its social responsibility and in consideration of the humanitarian dimension, the International Development Bank announced the postponement of all installments due during the month of Ramadan for government sector employees, with the aim of easing their financial burdens and enabling them to meet their needs. link


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