FRANK26….12-16-25…..DECEMBER 29th 2025

DOLLAR RISE, SALARIES CUT, AND NO FOOD RATIONS… EXPERT: IRAQ HAS BEGUN IMPLEMENTING THE “WHITE PAPER”

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.

MNT GOAT: 🚨 EXPERT CONFIRMS: Iraq Has Already Begun Implementing the “White Paper” Economic Reforms

🚨 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.

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📘 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.

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🧠 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.

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🏦 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.

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🔑 Core IMF/BIS Reform Measures Explained

🚂 Reform #1: Currency Adjustment & Float

“Reducing the exchange rate of the national currency and then floating it.”

This step includes:

• Initial devaluation or adjustment

🚨 Iraqi Dinar Update: New Notes and Exchange Rate Changes Loom

Read also: 💰 “Zim Cap Bond Payouts: Private Appointments & Project Plans Update”

Sudanese advisor: 8 trillion dinars in tax revenues expected this year as a result of financial reform policies

 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.”