ABOUT THE NEWSLETTER:
May 13, 2025 Mnt Goat News Brief
Guten Tag everyone:
I have some really good news for you today.
GIVE A GIFT TO MNT GOAT
I decided to allow everyone to give a Free-will GIFT to Mnt Goat on PayPal if you so desire. Here is the link below.
Since 2013, I have taken my own time from my gasthaus business to research and document findings about the revaluation and reinstatement of the Iraqi dinar. At this time more than ever I do not need to spend my time doing all this. My time is hard to find, as I have to hold down two formal jobs already due to COVID just to keep the business going. So, I do it out of charity and love with the understanding that all of us do NOT have the time to go do our own research. We are busy with our jobs, our daily lives and raising our children. As I am saying this take time and is like a third job.
I recommend $10-$15 dollars a month or whatever you can afford. Do you realize I write eight (8) Newsletters every month. I have to investigate the news and try to pull out the FACTS, then pull off the articles from Iraqi news channels, translate them, talk to my contact in Iraq and then write and publish the Newsletter. Do you think perhaps a little gift might show some appreciation for all this hard work? Just asking…. Still only a hand full of readers help out each month. Enough said….. The future of the Newsletter depends upon you.
Let’s all try to chip in!
____________________________________
Luke 6:38
Give, and it will be given to you. A good measure, pressed down, shaken together and running over, will be poured into your lap. For with the measure you use, it will be measured to you.”
IRANIAN FOREIGN MINISTRY: THE FOURTH ROUND OF TALKS WITH WASHINGTON WAS DIFFICULT BUT USEFUL.
Iranian Foreign Ministry spokesman Esmail Baghaei announced that the fourth round of indirect talks between Iran and the United States ended minutes ago in the Omani capital, Muscat.Baghaei described the round as “difficult,” but it was beneficial in terms of deepening mutual understanding between the two sides’ positions and opening the way for “reasonable and realistic” proposals and solutions to overcome existing differences.
He added that the Sultanate of Oman will coordinate and announce the next round of talks with the United States. This round comes amid ongoing regional and international efforts to reduce tensions and revive diplomatic tracks between Tehran and Washington.
STATUS OF THE RV
I want everyone to know that I have thought about having a “live” conference call however with my very busy schedule this simply is not possible right now. As we get closer to the reinstatement perhaps, I can juggle some time to do short update calls while we exchange or are about to exchange. This way you do not have to wait till the next Newsletter to get answers to your questions at that critical time. However this is up to each and every one of my readers as I cannot do all this without some appreciation for all my efforts of research and calls to Iraq.
Also, these up-front audio snip-its I include with the Newsletters are VERY, VERY important. You may want to listen carefully to them and then maybe even replay them. They are chock-full of information. Listen carefully!
In today’s news I want to point out again the rise of the dinar against the dollar continues. Many economists believe that the rate of the dollar will SOON be equal to the “official” CBI rate of the dinar. Does this sound like 1:1 to you? Let’s break it down. So, if the dollar on the parallel market does reach 1320 that’s 1320:1320, is it not? Then the official rate:parallel market rate, right? Is this not the same as 1:1? Can you see why they had to get this parallel under control for the next stage of currency reform which in the next in-country revaluation?
Okay all you mathematicians out there – what do you think? Do you get it now? Do you see it now? “WOW! WOW! WOW!” again… Do you see now why I have been placing so much emphasis on this parallel market? Heck, it was not me alone but the CBI too, of course with the efforts from my CBI contact. “WOW! WOW! WOW!” again… Choo-Choo!
Why would they tell us this if there was not some substance to it. In the articles today we get both sides of the story about the rising dinar and so we can make up our own “opinions” on this matter. So is this rise in the dinar being permanent or just a short phase. But if you do remember all the FACTS we have been reading like the US cutting off the dollar supply, the correspondent banks and June’s next move and so on and so forth. You can’t forget what you learned from the past.
So, let’s stick to the main issues. Let’s stick to the FACTS and see where it gets us. The main issues are: 1.Will the trend in rise continue or not? 2.Are the causes of this trend from the CBI monetary reforms or other factors, 3. or are you going to believe in false claims of other short-term reasons, which would allow the dinar to drop again?
I’d like to believe that the CBI reforms are now kicking in as the reason for the rise in the dinar. In fact the director of the CBI told us it was himself. There is also more substantial proof that this is the case. Yes, these other factors help too. They have told us over and over again that they needed time for the reforms to work and so now we see them working now.
All currencies have an element of “speculation” involved to drive up or down the rate very quickly. But, we in my blog are looking at trends and not speculation. We must look at all the information as a whole of what we have been reading from the past and current news to draw our conclusions. And the conclusions show us all indicators the rise in the dinar is being orchestrated by the CBI, as the dinar is slowly being pulled out the “sanctioned” mode and put back into circulation with the rest of the world, for the rest of the world. Just keep remembering there is a process to do this work and it simply does NOT happen overnight as many of these idiotic, stupid intel gurus want you to believe.
My CBI contact has told me that the Iraqi dinar must get off the sole de facto peg to the US dollar to realize (show) any real value of significance. This can only happen using a “basket” of currencies for the new peg. This will only happen with a reinstatement back to FOREX is applied. But for now, we take each step slowly and with an understanding of what is happening. We watch and wait for the next step and then the next and next. This is our choo-choo ride and the stops along the way are the steps to get the reinstatement…remember?
Yes, it is all happening NOW not years from NOW. It is right in our faces now only many can’t see it, want to believe and yet since all these other articles play a role for the significance of the actions of the CBI in the monetary reform process. Yes, many of these intel gurus are all too busy with their fantasy intel guru bullshit and it has clouded their reality.
What can we expect, most likely in 2025?
Once the parallel market gap is gone and the dollar matches or better (1:1), the CBI official rate of 1320, my contact told me the “official” rate will then revalue. My guess is it will be around 1166ish or better. They might go straight to 1 dinar = $1 dollar even. Was 1166 not the “official” rate of the Dr Shabibi era when in 2012 he announced the Project to Delete the Zeros was targeted for the fall of that year? I think Ali Alaq has a better plan going better because he can, while in Dr Shabibi era Iraq was still under sanctions.
This is how it works:
Remember for your thought process that a rise in the rate of the dinar is less dinars to the US dollar not more. I know it is backwards to what some believe as we call a rise usually means more not less. So, actually it is a downward trend in the number of dinars to make up one US dollar. This strengthens the dinar. So, if the official rate is 1320 we want the dollars in the parallel market to reflect the same or less rate of 1320.
😊So, once again all the chatter in the news from Iraq is about the dinar and how strong it is slowly becoming. Everyone should take the time to look of the articles on this subject matter and they can be found in the Articles Section. Do think this topic is HOT right now and why all the talk about it now? Do you think six (6) articles on this subject matter are in the news for a reason? Are you kidding me, of course it is important. We are about to see a monumental change in the dinar.
“MONETARY POLICY RAISES THE VALUE OF THE DINAR AND REDUCES RELIANCE ON THE PARALLEL MARKET”
“AL-NUSAIRI: OUR DINAR CONTINUES TO RECOVER UNTIL IT REACHES THE OFFICIAL PRICE.”
“MOST NOTABLY, THE TRAVELERS’ DOLLAR. AL-SUDANI’S ADVISOR REVEALS THE REASONS FOR THE EXCHANGE RATE’S DECLINE.”
“THE SECRETS OF “BLACK TRADE”… FACTION TACTICS BRING THE DOLLAR BACK TO 140,000 DINARS”
“THE DOLLAR’S EXCHANGE RATE IS STABILIZING TOWARDS ITS TARGET: ADAPTATION OR ADJUSTMENT?”
“9 REASONS FOR THE SUDDEN DROP IN THE DOLLAR IN IRAQ: AN ECONOMIST EXPLAINS”
Going Forward…
So, what do I mean by “monumental change” of the dinar? Lots of questions and so let’s dive into what is happening going forward in Iraq to satisfy your curiosity.
😊Now I want to present yet more amazing news to you from the IMF. In the article titled “COOPERATION BETWEEN IRAQ AND THE INTERNATIONAL MONETARY FUND”. There are two events to point out to you today from this article:
1.Determining the most appropriate tax systems for the Iraqi social situation
Iraq and the International Monetary Fund agreed to strengthen relations with foreign correspondent banks in the field of foreign trade financing.
2.An agreement was reached to support the use of the Iraqi dinar in economic transactions to maintain the stability of the local currency.
Both of these events are going to move the dinar yet higher. The one I like the most is #2 which is basically telling us that the dinar (not the dollar) will soon be used to conduct economic transaction, meaning to be used in trade between Iraq and its trading partners. Yes, it a time to make that next step and liberate the Iraqi dinar yet even more.
What else did Iraq just tell us?
😊Let’s look at the article titled “GOVERNMENT ADVISOR: CONTRACTING WITH INTERNATIONAL AUDIT FIRMS IS A KEY STEP TOWARD MODERNIZING THE ECONOMIC STRUCTURE.” Mazar Mohammed Saleh, an advisor to the Prime Minister, confirmed on Friday that contracting with international audit firms to evaluate the banking sector is a key step toward modernizing the economic structure. While explaining that these firms are independent and unaffected by pressures and interests, he indicated that this modernization contributes to strengthening confidence in the Iraqi financial market and reform in this sector, and encourages a shift away from the informal cash economy (parallel market).
😊Remember what Iraq told us in that the Customs and Tariff revenues alone could rival the oil revenues. But they had to manage them properly. Then what did we see in the news for this issue over the last 6 months? They are doing it now. Please go read the article titled “IRAQ’S CUSTOMS REVENUES REACHED 59 BILLION DINARS AFTER IMPLEMENTING THE ASYCUDA SYSTEM.” So here is yet another update on the implementation of these customs and tariffs projects. This is what this article is for. We read that Finance Minister Taif Sami announced on Friday a significant increase in customs revenues following the implementation of the ASYCUDA Customs Automation System, amounting to more than 59 billion dinars.
She explained that “the Authority has currently begun implementing the second phase of the system, which will extend over two years. This phase includes its implementation in eight remaining customs centers, in addition to linking 12 electronic applications to the system, including: land transport clearance, the value system, smart selectivity, the exemptions system, and licenses and certificates. This will enable the system to be linked with all ministries.” So, here it all is in black and white again….. They are slowly getting there to rival the oil revenues.
😊In another article titled “A NEW DIGITAL GATEWAY: IRAQ LAUNCHES FIRST UNIFIED TELECOM TRANSIT ROUTE” We read about yet more communication innovation. Iraq has signed a strategic transit agreement with DIL Technology, a Kurdish-licensed firm, to enable seamless data flow across its territory. This marks the first time Iraq presents a unified telecom front to international companies. It streamlines the process of transmitting data through the country, eliminating the need for companies to negotiate separately with federal and Kurdish entities.
😊Here is yet another earlier summit taking place (not the Arab Summit). Will Trump be invited to speak at this one on his tour of the Middle East? The article is titled “IRAQ ON TRUMP’S AGENDA DURING HIS MIDDLE EAST TOUR”. No he is NOT going to Iraq or the middle east to announce the RV! / US President Donald Trump is embarking on a tour of the Middle East, including Saudi Arabia, the UAE, and Qatar. This visit is described as crucial given the profound changes taking place in the region .The Saudi capital, Riyadh, is hosting the summit that will bring together Trump and the leaders of the Gulf Cooperation Council countries . Amidst the Gaza conflict and the changing maps of Syria, Lebanon, and Iraq, Trump is visiting the region carrying a new vision for American engagement in the Middle East.
Oh…I just wanted to ask. Was Biden too busy laying out on the beach in Delaware to actually do some work for the citizens of the U.S.? He had four years and what did he accomplish besides dividing America, opening up the borders to terrorists and stirring up the pot of racism and sexism even more that where Obama left off.
The brand new “WORLD HEART HOTEL” in Baghdad, Iraq
Are you ready to travel to Iraq? Are you ready to check into the World Heart Hotel in Baghdad? Soon U.S. tourist will be taking historic travel trips to Iraq.
I felt it necessary for each of us to realize just how modern and advanced Iraq has come since the 2003 war. In this video Al-Sudani inspects the “World Heart Hotel” in preparation for receiving delegations participating in the Arab Summit. Then we take a short trip around to see the real Baghdad today.
_________________________________
What can we as investors do right now?
- Pray and pray that nothing will mess this up….
- Be very patient….
- Do not sell your dinar….
- No more intel guru talk….
- No more NESARA / GESARA crazy talk
- Stop listening to all these idiots as they are only confusing you more and more (especially TNT, MarkZ, Bruce and “The Big Call” idiots.)
- Don’t over speculate and set unjustified expectations
Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!
______________________________________________
These prophecies are more important now than ever. They give us the strength, perseverance and hope that a better time is coming and that God’s Hand is at work behind the scenes. If you just take a second even to look around you at this past election cycle how ca you deny that God is at work. It is amazing and there is no other way that these events could have happened the way they turned out. But there is more to come, much more! Now that God has his biblical David re-elected we need to pay attention to what He does next.
God told us it will be an “hypnotic November” and turbulent until next June 2025 and so, isn’t it? Was He lying to us? Remember that these globalist have had it too good for too long and are not just going to lay down and let themselves be destroyed. They are going to fight until the very end. If all else fails the will get more and more desperate to overcome the good trying to rebuild and free our nation.
These prophecies today are powerful and I encourage everyone to listen carefully to them. Is there a connection to getting our long-awaited RV? Of course there is, and if you can’t see it yet then just wait and it will become more and more obvious to you how the crooked run U.S. administrations have corrupted Iraq and held it hostage since the 1991 and 2003 wars with the Bush, Obama and Biden administrations. But this control too is going to end and God is going to finally FREE the Iraqi people again.
NOTE: These prophecies just keep getting better and better, giving us HOPE of a bright future. But the real reason why I listen to them is that we can actually see what God says He will do taking place right in front of our noses. It is a confirmation to me that God is real and is still with us forever just as in biblical times.
From God to the PROPHET: Julie Green
“THE WORLD WILL SOON KNOW ALL WHO HELPED STEAL THE 2020 ELECTION”
Prophecy can be found at the 8:23 mark. From May 3rd.
This is explosive and the entire world needs to hear this one.”
_______________________________________
HOW DO WE KILL THE GIANTS OF DEBT, SOCIALISM AND SECULARISM?
Please, please listen VERY carefully to this prophecy. I cannot emphasize enough to spend the time to watch this one – “The Big E”. I am not saying its going to take 6-7 years to get the RV, but that the RV is part of the process along the way and will happen in the process of the prophecy fulfillment.
Do you remember these prophecies from 2007? This is our time now to fulfill these prophecies. So, let’s take a step back and rewind to review them. Then watch to see if Trump does orchestrate their fulfillment. I also believe this wiping out the debt is related to the new energy sources that are coming. In the meantime, the US will work at bringing down the cost of energy. But I believe this will only be a temporary measure until these new sources come.
Folks, I know you may be having a hard time seeing this, but all of this goes hand-in-hand with what we are looking for… the RV of the Iraqi dinar.
This prophecy is especially important and coincides with the more recent Feb 9th prophecy from Julie Green. Did you listen to it? WOW!
________________________________________
PROPHECIES FULFILLED: How do we engage the prophecies? Are they really a voice from God? So, as we listen and time passes, we step back and analyze what happened and compare to the prophetic words spoken.
____________________________________
WILL ALBERTA CANADA SUCCEED FROM THE FEDERAL GOVERNMENT?
As in most cases of what is going on today there is no “yes” or “no” answer to these important questions but instead we should be looking at why Albertans are even thinking of this move. Everyone needs to see that what is going on in America today with this WOKE agenda and realize it is also taking place in the Canada, UK, EU, Australia and other developed countries. So, some global entity must be orchestrating it. This is the important takeaway today. It just doesn’t happen. It is destroying our long-standing fabric of life, our values, culture and freedoms in all our nations. But who is behind it?
Citizens are frustrated with this globalist agenda. They have already gotten a taste of it and don’t support it. However, the politicians don’t seem to hear their voices and drop these warped globalists ideology. Seems they about democracy.
_____________________________________
THE “PUPPET” SENATOR FROM PENNSYLVANIA
HOW THE LEFTIST DEMOCRATS ATTACKS ON FETTERMAN SHOW WHAT’S WRONG WITH THE DEMOCRATIC PARTY
So, candidate for the U.S. senate Fetterman has a stroke and yet continues his pursuit for the Senate seat in Penn. Somehow, they rig the election and he gets into the Senate seat anyhow (we all know about their election fraud). We obviously see he is not qualified to be in that position. The democrats need his vote and so he becomes their puppet in the Senate. They prop him up, they force the news media to protect him and they even dress him up in a suit to attend in person sessions in the chambers.
Now, as time passes, Fetterman has recovered from his stroke and is more coherent and can think more clearly now. It is like he wakes up out of a fantasy and realizes his responsibilities and oath of office as a Senator. He then begins to speak out against the democrat policies. Then what happens next surprises everyone (but shouldn’t surprise us too much). The democrat party leadership decides to dump Fetterman and so the propaganda begins from the new media this direction. A complete reversal. Oh…but Fetterman is better now and so why now?
Now all of a sudden Fetterman is no longer fit for office. Really? What about the years he was in office prior to his recovery from his stroke. He even admits he was not thinking clearly and able to communicate back then. Why didn’t they recognize his disability then? As I said they needed his vote in the Senate and so they continued to prop him up as their puppet senator. This should be obvious to everyone now.
So, will Fetterman’s frustration cause him to defect over to the Republican party? It is not a matter of “if” anymore but when. The writing is on the wall. I wouldn’t be surprised if he even shows up dead someday if he continues to move in this direction. The democrats once again show their stupidity in making an enemy out of him and this too will backfire on them.
God says through his prophets “what can be exposed, will be exposed”. But where is the “JUSTICE” for what they have done? The damage is already done? I keep asking God this question and through his prophets we are told that “JUSTICE” is coming. It will happen in God’s plan and we must be patient.
___________________________________________
AOC FOR PRESIDENT IN 2028
SEN. KENNEDY take son the notion of AOC RUNNING FOR PRESIDENT IN 2028
All I can say is let her. I hope she is the democrat candidate in 2028. I also hope that the bill before the house passes and gives Trump yet another third term. Really now is this a joke or what? Can the democrat party stoop that low? If this is what the democrats want then let them have another landslide election for the republicans. How will the news media find it to prop her up?
___________________________________________
TRUMP SAYS HE WILL REOPEN AND EXPAND ALCATRAZ PRISON
All I can say is WOW! Is this really happening to clean out the corrupt from our government? When will JUSTICE be served? Do they need to clean out these corrupt judges first? This appears to also be happening now.
We have witnessed this corruption way too long already. We must go deeper and ask why Trump is proposing to do this? Who does he intend to lock up? Does he expect to isolate many treasonous politicians and government officials in one prison convicted of crimes in the near future? Yes, where would they put all these thousands of rouge judges and politicians? It’s much cheaper than building a new prison.
These corrupt politicians know what is coming. You know who they are too.
But, there is more to this story of reopening Alcatraz. The prophet Julie Green in August of 2024 gave a prophecy on this prison. So, this is going to be BIG, BIG, BIG. We don’t yet know all the details yet. Pay attention to these prophecies!
___________________________________________
Marco Rubio: TRUMPS FOREIGN POLICY FOR AMERICA
Short clips like this one from one of Trump’s cabinet meetings tells us so much on the policy of this administration. We must continue to pray that the Holy Spirit anoints all of these cabinet members to do God’s will in making this country great again. We must get off this global agenda and get back to basics. We regain our national pride.
___________________________________________
US-UKRAINE RARE MINERALS DEAL IS COMPLETED.
__________________________________________
DNI Tulsi Gabbard Reacts to America Signing Ukraine Minerals Deal.
Will this help Americans at Home? Do you even know that over $350 billion in aid was given by America to Ukraine?
_____________________________________________
TREASURY SECRETARY BESSENT JUST REVEALED THE USA’S GRAND MASTERPLAN TO BALANCE THE GLOBAL FINANCIAL SYSTEM
How is all this related to the RV? Do you want to know how the Iraqi dinar fits into the total plan? Bessent talking about the balance in the financial system folks! Did my CBI contact not tell us the RV was going to be used to infuse lots of liquidity into the system but only under a balanced” system. I couldn’t hardly believe that he even used these exact terms. To me putting currencies on a “level playing field” is part of the balancing process. Bessent even mentions this in this speech and interview below. Go figure! Everyone should take the time to listen to these videos today. Folks, this is the plan. Yes, everyone always wants to know what is holding up the RV, well here you have it folks. This is part of it.
This Is Treasury Secretary Bessent’s Most Important Interview Yet.
IS THE NEWS MEDIA FINALLY ADMITTING YEARS OF MISTAKES IN “FAKE” NEWS?
___________________________________________
IS BRIGITTE MACRON REALLY A MAN?: ONE COINCIDENCE TOO MANY
Please go watch a four part series sponsored by Candice Owens on what she found to answer this question. First of all why would anyone even ask this question.
You can visit the Mnt Goat Archives April 10th Newsletter here to continue watching the entire series of FACTS. Remember just because the deep state establishes a personality to use does not mean it is the background of the person in question. In other words, Brigitte’s past may be the past of someone else and just used to establish her/his credibility. The “official” records show Brigitte had a prior marriage and two children. No one is questioning these facts but they are actually talking about another person not Brigitte. You see, they take on the personality of someone else. They even photo shop pictures. They are good at this. However, they are getting caught now and the game is over. Just like in the U.S. with Clintons and Obamas they need to use the family structure to get into the hearts of the citizens to vote for them. Folks, it is all a lie and facade.
______________________________________________
Pray, Pray, Pray & Pray some more!
Please try to remember to pray each and every day. In Hebrews 11:6, it underscores this principle of why we pray: “But without faith it is impossible to please Him, for he who comes to God must believe that He is, and that He is a rewarder of those who diligently seek Him.”
You don’t have to be Catholic to pray….lol..lol.. As a Christian, praying the rosaries for me is my way to pray and has had a significant impact on my life and focus during this Easter season and throughout the year. I find it is good to remember the Stations of the Cross during lent and what our savior did for us. In know many of you may not be Catholics or even Christians but try to take a different approach this Easter. Try to see what all the fuss is about Christ. Put yourself in Christ shoes (or should I say sandals) as an ordinary person in today’s world. You can quickly see that the nature of man has not changed very much and if Christ were born today, many would probably try to crucify him. Have we not learned anything?
We all know something has gone terribly wrong with our nation. A supernatural battle is taking place to determine the fate of America. In just twelve minutes a day you help bring forth a divine intervention to save our country using this book. Let us not forget to fast, meditate and pray for the salvation of America. There is an organization that is taking on this endeavor through helpful prayer guidance. This is what I plan to do. How about you?
Anyone can join the hundreds of thousands already involved in this rapidly-growing prayer movement. It’s easy to get started:
MONETARY POLICY RAISES THE VALUE OF THE DINAR AND REDUCES RELIANCE ON THE PARALLEL MARKET
The Iraqi dinar has recently recorded strong performance against the dollar, driven by a series of monetary measures adopted by the Central Bank, which have contributed to reducing demand for hard currency in the parallel market and enhancing the confidence of traders in official channels. This improvement comes amid ongoing government efforts to consolidate financial stability and stimulate business activity through effective monetary instruments and transparent and direct financing mechanisms.
Deputy Governor of the Central Bank of Kuwait, Dr. Ammar Hamad, confirmed to Al-Sabah that this increase reflects the success of the monetary policy pursued by the bank in reducing reliance on the parallel market and providing safe and transparent sources of financing for foreign trade. He explained that this policy has enabled the commercial family to obtain dollars through official channels that adhere to international standards, without having to resort to the unregulated market.
Hamad noted that the Central Bank continues to work toward consolidating the local banking system and raising its operational efficiency to levels consistent with international banking standards, making it a fundamental pillar in driving economic development in Iraq. He added that the bank is adopting advanced mechanisms that enable banks to offer diverse banking products that support various economic sectors and facilitate financing and cash flow operations.
For his part, the Prime Minister’s Advisor for Financial Affairs, Dr. Mazhar Mohammed Salih, explained that a number of factors contributed to strengthening the value of the dinar, most notably the weak demand for the dollar in the parallel market, as a result of the Central Bank’s policies regarding financing foreign trade for the private sector. He explained that the bank strengthens Iraqi banks’ dollar balances through their correspondents abroad, especially banks with a high credit rating (AAA), which speeds up the execution of international transfers and reduces the need for dollars in the local market. He also indicated that the move towards using alternative currencies such as the euro, yuan, dirham, and lira in banking transactions has helped reduce excessive reliance on the dollar.
(Getting ready to change the peg from the sole peg to the US dollar to a basket of currencies. Get ready! 😊)
Saleh also noted that enabling small businesses to access financing sources directly through Iraqi banks, without costly intermediaries, has helped reduce operating costs and improved commercial efficiency, as this segment represents approximately 60% of private sector trade. He added that travelers can now easily obtain their foreign currency dues via payment cards at a subsidized exchange rate of 1,320 dinars to the dollar, in addition to the ability to receive dollars in cash at Iraqi airports, which has eased pressure on the parallel market.
In the same context, economic expert Nazir Al-Saadi emphasized that the money transfer services provided by the Central Bank have become safer and more effective, which has prompted business families to move away from the parallel market, which is characterized by significant risks and high costs. He explained that relying on official transfers not only ensures the safety of transactions, but also reduces the final cost of imports, which is positively reflected in the prices offered to consumers. He added that random transfers from the parallel market often caused losses to importers due to failure to implement them or due to price fluctuations, while the Central Bank mechanism provides a stable financial system that preserves the value of the currency and reduces Opportunities for manipulation.
*******************************************************************************************************
COOPERATION BETWEEN IRAQ AND THE INTERNATIONAL MONETARY FUND
Contracting with consulting firms to support the Public Debt Department
The International Monetary Fund has expressed its readiness to provide technical and advisory support to Iraq in the following areas:
Appointing new staff with higher education degrees to activate the public debt management and financial analysis system.
Determining the most appropriate tax systems for the Iraqi social situation
Iraq and the International Monetary Fund agreed to strengthen relations with foreign correspondent banks in the field of foreign trade financing
An agreement was reached to support the use of the Iraqi dinar in economic transactions to maintain the stability of the local currency.
*****************************************************************************************************
IRAQI PRESIDENT AND CBI GOVERNOR DISCUSS ECONOMIC REFORMS
President Abdul Latif Jamal Rashid and Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, met at Baghdad Palace to discuss economic reforms aimed at strengthening Iraq’s financial sector and fostering sustainable growth.
They emphasized the importance of modernizing the banking system, stabilizing the market, and creating a robust financial framework to attract investment and support development.
Full statement from the Office of the Iraqi President:
President Abdul Latif Jamal Rashid met with Central Bank Governor Ali Al-Alaq at Baghdad Palace for a discussion on comprehensive economic reforms designed to strengthen Iraq’s financial sector and promote sustainable economic growth. The meeting focused on the Central Bank’s ongoing efforts to modernize the banking system, address current economic challenges and stabilize the local market. They agreed on the need for a robust financial framework to drive sustainable development and long-term growth.
“As we move forward, a strong financial policy framework will be key to unlocking Iraq’s economic potential,” President Rashid stated. “By fostering a supportive environment for the private sector and leveraging our stability, we can attract investment, generate employment and build a more prosperous future for all Iraqis.”
Governor Al-Alaq expressed his appreciation for the President’s leadership and reaffirmed the Central Bank’s commitment to enhancing financial stability, reforming fiscal policy and supporting national development goals.
The meeting highlighted the importance of continued cooperation between the government and the Central Bank in driving Iraq’s economic transformation and ensuring prosperity for its people.
***************************************************************************************************
AL-NUSAIRI: OUR DINAR CONTINUES TO RECOVER UNTIL IT REACHES THE OFFICIAL PRICE.
Economic and banking advisor Samir Al-Nusairi confirmed on Sunday that the Iraqi dinar has been gradually recovering for several weeks due to internal and external reasons that have directly impacted controlling fluctuations in the US dollar exchange rate, regardless of the many reasons that led to its decline and its reaching 10 cents, after the difference between the official and parallel rates had been 20 cents for a long period.
Al-Nusairi pointed out that the main reason for the recovery is the reform policies of the Central Bank and the government in reforming the processes of regulating foreign trade financing, compliance with international standards, and regularity in the global financial system, as well as the new mechanisms for foreign transfers to secure imports and cover them in US dollars and other currencies by dealing directly with correspondent banks through more than 20 Iraqi banks that have opened accounts and banking relationships with these banks.
(Yes, getting off the sanctioned mode of the currency auctions process into regular banking practices like the rest of the world conducts. They are normalizing their financial system)
The Central Bank also succeeded in securing and providing 95% of the demand for the dollar at the official price and covering the needs of citizens for cash dollars and distributing it with transparency, fairness, and strict monitoring, which contributed to reducing the practices of speculators in the informal market.
(The other 5% is going to be completed by June and is not underway as we read about the success and results of doing this in other articles today.)
He added to the important role of the government in implementing its strategy in financial and banking reform, especially the implementation of paragraphs (1-7) included in the government program, in addition to removing opportunities for speculators to manipulate the exchange rate according to administrative, supervisory, and economic policies.
Al-Nusairi bet on the Iraqi dinar’s continued recovery through 2025, following the completion of the banking reform project’s objectives and the Central Bank of Iraq’s third strategy. He also noted that the government will continue implementing its reform and investment programs, attracting more foreign and Arab investments to the country, which have exceeded $88 billion, completing the development path, investing in gas, developing oil projects, and supporting the private industrial sector.
Al-Nusairi concluded his remarks by praising the programs and measures adopted by the Central Bank, which contributed to reducing inflation to 2.8% and maintaining the general price level, which is one of the objectives of monetary policy.
*****************************************************************************************************
OIL DOESN’T FEED THE POOR: WHERE DOES IRAQ’S WEALTH GO?!
In a country with one of the world’s largest oil reserves, scenes of destitution and poverty are still strongly present in the streets and working-class neighborhoods. Iraq, with its vast wealth, is powerless to address the dilemma of poverty, which now affects the lives of millions of citizens. Official statistics indicate that more than a quarter of the population lives below the poverty line. As economic and political crises worsen, the roots of this phenomenon deepen, transforming from a social problem into a real threat to societal stability.
According to a 2024 report by the Iraqi Ministry of Planning, the poverty rate reached approximately 25% nationwide, with higher rates recorded in the southern governorates and conflict-affected areas. In Muthanna Governorate, for example, the rate exceeded 50%, reflecting the magnitude of the economic gap between Iraq’s various regions.
The spread of poverty is attributed to several factors, most notably: high unemployment among young people, a lack of development projects, deteriorating infrastructure, and financial and administrative corruption that has depleted public budgets without affecting the lives of ordinary citizens. The absence of a clear strategy for wealth distribution has deprived large segments of their basic rights to education, healthcare, and adequate housing.
Babylon of Civilization… At the forefront of poverty
in Babylon Governorate, the cradle of civilization and home to the world’s first law stele, Minister of Labor and Social Affairs Ahmed Al-Asadi announced during a joint press conference with Babylon Governor Adnan Fayhan that the governorate has the second-highest poverty rate in Iraq.
This statement sparked a wave of anger against the government and Prime Minister Mohammed Shia al-Sudani’s development plans, especially with Babylon’s inclusion on the World Heritage List, raising questions about development priorities and wealth management.
The Voice of the Poor… A Cry in the Face of Silence
“Umm Ali,” a widow living in a slum in Baghdad, told Video News Agency:
“We live on whatever God provides. My children left school to help me collect empty cans from the street. No one asks about us, and the government doesn’t see us.”
Despite government initiatives such as the social safety net and food basket distribution, experts believe these solutions are temporary and insufficient unless accompanied by real economic reforms that create job opportunities and boost local production.
Umm Hussein, a widow and mother of four, described her suffering to the Video News Agency, saying:
“After my husband’s death, I have no one left to support me. I rely on the social welfare salary, but it is sometimes delayed and sometimes not fully disbursed. I am forced to work cleaning houses to cover school expenses and food.”
Poverty is not just numbers… but a daily pain
. Poverty in Iraq is not just numbers in official reports; it is a daily story experienced by millions in silence and pain. As the challenges mount, there remains an urgent need for a serious stance from the state and society to rescue those drowning in the quagmire of poverty and pave the way for a more just and equitable future.
*********************************************************************************************
A NEW DIGITAL GATEWAY: IRAQ LAUNCHES FIRST UNIFIED TELECOM TRANSIT ROUTE
Iraq has signed a strategic transit agreement with DIL Technology, a Kurdish-licensed firm, to enable seamless data flow across its territory.
The deal, finalized on Thursday by the Ministry of Communications, marks the first time Iraq presents a unified telecom front to international companies. It streamlines the process of transmitting data through the country, eliminating the need for companies to negotiate separately with federal and Kurdish entities.
Hayam Al-Yasiri, the Minister of Communications, said the agreement boosts Iraq’s potential as a secure and efficient alternative to unstable maritime routes, especially amid rising concerns from global telecom providers over regional disruptions.
The newly integrated corridor stretches from the southern port of Al-Faw to the northern border at Ibrahim Khalil border crossing, forming a continuous fiber-optic network under centralized oversight.
The agreement, according to Al-Yasiri, not only enhances Iraq’s appeal to international partners but also supports long-term revenue generation and digital sovereignty.
DIL Technology, which maintains infrastructure across Iraq’s border crossings, will serve as the technical facilitator under the federal ministry’s authority.
**************************************************************************************************
MOST NOTABLY, THE TRAVELERS’ DOLLAR. AL-SUDANI’S ADVISOR REVEALS THE REASONS FOR THE EXCHANGE RATE’S DECLINE.
Mazhar Mohammed Saleh, the Prime Minister’s financial advisor, revealed on Thursday the reasons for the decline in the dollar exchange rate, indicating that three factors led to weak demand in the parallel market: the Central Bank’s success in financing foreign trade by strengthening the dollar with national bank correspondents abroad, encouraging financing small businesses without costly intermediaries, and the success of travelers in collecting their dues in foreign currency through payment cards in large amounts at a reduced cost and at an exchange rate of 1,320 dinars per dollar.
Three main factors have led to weak demand in the parallel market for the dollar, causing its price to decline towards the official exchange rate at an average rate of change in favor of the dinar by about 15% over the past few weeks or months. The first is the success of the Central Bank of Iraq in financing foreign trade for the private sector and major traders by rapidly strengthening the dollar with correspondent banks of national banks abroad with AAA ratings. This is in addition to the start of direct financing of foreign banking operations in euros, Emirati dirhams, and Chinese yuan through bank correspondents of Iraqi banks with high credit ratings, which encouraged the speed of payments and transfers in trade with the markets of the UAE, Turkey, and China, which are among the largest commercial shopping centers for Iraq. The second is encouraging the financing of small businesses without costly intermediaries, which constitutes approximately 60% of private sector trade after many of the previously imposed restrictions were lifted and dealings were conducted through the same solid correspondent banks and directly through Iraqi banks. The third and most important factor is the success of the traveler segment, which has quickly become accustomed to collecting its dues in foreign currency through payment cards in large amounts at a reduced cost and at an exchange rate of 1320. One dinar for every dollar, plus, without any hassle, the collection of cash dollars through the airports of the Republic of Iraq, in the amount of $3,000 at the official exchange rate for each traveler per month, provided they carry an electronic payment card, whether credit, debit, or prepaid, as we mentioned earlier.
In addition to the legal scrutiny that citizens can do without in dealing in dollars on the black market, there are also the risks of the dollar’s extreme volatility against gold, and the tendency of individuals to store their financial surpluses in gold and sovereign government bonds, which are guaranteed to pay and pay attractive semi-annual interest under a successful government program offered to the public, as well as in debt instruments that can be discounted or traded on the local secondary market.
Therefore, all these factors have truly helped reduce demand for the dollar in parallel local markets, without overlooking the role played by hypermarkets in a defensive and price stability policy that has disrupted the role of the parallel market and its price impact on consumer prices and the stability of the competitive market throughout the country. This is a successful experiment that has absorbed the fluctuations of the black market to maintain the stability of living standards, as was the case in the past. This is a successful aspect of the success of the trade policy in our country today. Let’s not forget the rush to buy gold at very high costs at the peak of the gold asset cycle or its highest price levels, replacing the purchase of local dollars, amid veiled, unconfirmed threats circulating on the street that the Federal Reserve will write off generations of cash dollars for reasons that conflict with the interests and politics of the United States.
*********************************************************************************************
IRAQ’S CUSTOMS REVENUES REACHED 59 BILLION DINARS AFTER IMPLEMENTING THE ASYCUDA SYSTEM.
Finance Minister Taif Sami announced on Friday a significant increase in customs revenues following the implementation of the ASYCUDA Customs Automation System, amounting to more than 59 billion dinars.
Sami said in a statement to the official agency, followed by “Al-Eqtisad News,” that “customs revenues before the implementation of the ASYCUDA system amounted to 375,675,732,360 dinars, while after the implementation they rose to 435,421,672,805 dinars, an increase of 59,745,940,445 dinars.”
She added, “The General Authority of Customs has begun implementing the ASYCUDA system in 15 customs centers, including: Air Cargo Customs, Dry Port, Baghdad International Airport Terminal, Grand Welcome Square Customs, Trebil, Safwan, Arar, Umm Qasr Middle, Umm Qasr South, Kirkuk Airport, Zurbatiyah, Al-Mundhiriyah, Mandali, Al-Shaib, and Al-Shalamcheh.”
She explained that “the Authority has currently begun implementing the second phase of the system, which will extend over two years. This phase includes its implementation in eight remaining customs centers, in addition to linking 12 electronic applications to the system, including: land transport clearance, the value system, smart selectivity, the exemptions system, and licenses and certificates. This will enable the system to be linked with all ministries.”
************************************************************************************************
9 REASONS FOR THE SUDDEN DROP IN THE DOLLAR IN IRAQ: AN ECONOMIST EXPLAINS
An economic expert revealed the reasons behind the sudden drop in the US dollar’s exchange rate against the Iraqi dinar over the past few days, noting the possibility of the US currency continuing its decline.
Over the past few days, Iraqi markets have witnessed a significant decline in the dollar exchange rate against the dinar on the parallel market, approaching 1,420 dinars per dollar, a level very close to the official rate after accounting for associated costs. According to the economic expert, “This decline reflects multiple changes in supply and demand within the local market and raises questions about the factors behind it.”
Iraqi economic expert Munar Al-Abidi pointed to nine reasons that led to the decline in the value of the US currency in Iraqi markets:
First: Declining demand versus abundant supply
The main reason for this decline is a decline in demand for dollars on the parallel market, coupled with a significant increase in the supply of hard currency within the market. “This new balance has contributed to narrowing the gap between the parallel and official rates,” according to Al-Obaidi.
Second: Investors shift towards gold
The economist pointed to a decline in confidence among some local investors in the dollar as a savings instrument, especially with growing expectations of a decline in its value against gold. This trend prompted many to cash in their dollar holdings and convert them into gold as a safe haven, increasing the supply of dollars in the market.
Third: Dollar inflow from non-oil sources
According to Al-Obaidi, the amount of dollars coming from outside Iraq has increased, “particularly from foreign investments and financial transfers from international companies operating within the country, which has boosted the dollar supply, regardless of oil sales.”
Fourth: The decline in the money supply of the dinar
The Central Bank of Iraq has reduced the dinar money supply by more than 6 trillion dinars over the past six months, from 104 trillion to approximately 98 trillion dinars. This contraction has led to a relative increase in the value of the dinar, which has put downward pressure on the dollar, according to Al-Obaidi.
Fifth: Declining imports and trade contraction
Despite a 6% increase in imports from China, exports from key countries such as India, Turkey, and the United States declined. Import data from the UAE—Iraq’s largest trading partner, which accounts for 30% of its total imports—is expected to arrive, according to Al-Obaidi. “The figures are likely to reveal a decline, reflecting an economic contraction and a decline in general demand, thus declining the need for dollars.”
Sixth: Diversify channels for obtaining dollars at the official price.
The recent period has witnessed an expansion in access to dollars at the official exchange rate, through bank transfers, cards, and direct transfers. Many merchants have adapted to these channels, reducing their reliance on the parallel market.
Seventh: The impact of regional conditions
Al-Obaidi explained that the deteriorating economic situation in Iran led to a decline in demand for goods imported from Iraq, especially since a portion of these goods were re-exported to Iran. Furthermore, the halt in trade with Syria—which also received a portion of Iraqi goods through re-export—contributed to a decline in demand for imports and, consequently, for the dollar.
Eighth: Pressure on the smuggled oil trade
Markets also witnessed a tightening of Iranian oil smuggling channels, which had been used by the Iraqi market to obtain dollars. This restriction reduced the amount of dollars required for these activities, thereby contributing to easing pressure on foreign currency.
Ninth: Decline in the trade of prohibited substances
Illicit trade has declined as a result of the cessation of its sources, including drug and similar trade, a large portion of which used to be conducted with Syria and which placed significant pressure on the dollar price on the parallel market, as this trade was covered through the parallel market.
The economic expert emphasized that all of these factors combined have created an environment that has driven the dollar’s exchange rate down. Given these indicators, it is expected that the US currency will continue its decline, approaching 1,395 dinars per dollar in the coming period, unless there are fundamental changes in monetary policy or the regional and international situation.
************************************************************************************************
THE DOLLAR’S EXCHANGE RATE IS STABILIZING TOWARDS ITS TARGET: ADAPTATION OR ADJUSTMENT?
Dr. Haitham Hamid Mutlaq Al-Mansour
It became clear in the period from last April until this May that the dollar exchange rate in Iraq began to stabilize, declining towards the (official) target level. Therefore, a question may be raised in this context: Is this stability the result of “adaptation” or “adjustment”?
To answer this question, we examine the reality of monetary policy measures that strengthened the foreign exchange signal’s response to the downward trend, which can be described in the following paragraphs:
1.The Central Bank’s restrictive policy of controlling dollar sales to banks through transparency measures for transfers of unclear origin aimed at combating smuggling. This increased the official supply and eased pressure on the exchange rate.
2.The effectiveness of monetary policy in financing foreign trade through highly rated correspondent banks, within the framework of the US Treasury and Federal Reserve’s conditions. This is in addition to the trend toward settlement in euros, yuan, and UAE dirhams, which has facilitated remittance transactions in our trade with China, Turkey, and the UAE.
3.Added to this is the decline in demand for the dollar due to the increased level of banking compliance with international conditions on dollar transfers to prevent their smuggling to Iran, Syria, and Turkey via Iraq. As a result, suspicious transfers have decreased, and illicit demand for dollars has declined, contributing to the stability of the dollar exchange rate.
4.The effectiveness of the Central Bank’s foreign reserves management to compensate for the decline in the dollar supply in the parallel market, thus curbing the exchange rate towards the target.
5.The effectiveness of the inflation targeting policy led to a slowdown in the rise in the general price level (inflation) in Iraq, which limited the phenomenon of dollarization and raised the real value of the dinar.
6.Decline in speculation in the parallel market. Following the regulatory measures, the activity of unlicensed money changers and speculators who artificially raised prices declined.
7.The effectiveness of financing travelers in dollars through the official rate using payment cards at reduced costs and at the official exchange rate of 1320 dinars per dollar, in addition to collecting cash dollars through Iraqi airports, in the amount of 3000 dollars at the official rate for each traveler per month who carries an electronic payment card.
8.External international factors related to a general weakness in purchasing power in global markets and a decline in stocks, which caused a decline in the value of the dollar and a rise in gold, leading to a decline in demand for it globally and locally.
From the above-mentioned reasons, we find that exchange rate stability, despite its importance as a short-term objective of monetary policy, was achieved through “adjustment,” i.e., a short-term price adjustment trend resulting from short- or medium-term measures and treatments for exchange rate fluctuations. The aim was to restore temporary economic equilibrium without changing the basic structure of the economy and without deep-rooted long-term policies, which reduces the effectiveness of targeting the exchange rate at the long-term target level. Stability could have been achieved as a result of long-term structural “adjustment” by following long-term policies as follows:
1- Decrease in demand for the dollar due to the availability of agricultural or industrial GDP revenues as a substitute for imports.
2- Improvement in the balance of payments thanks to non-oil agricultural and industrial exports.
3- Structurally reforming the banking system and activating the role of monetary tools, especially the interest rate structure, in a way that restores the overall balance to its natural state without a split between what is real and what is monetary.
4. Reducing rentierism by diversifying the economy through allocating resources based on foreign trade to generate national surplus value. The result: more sustainable stability, as the economy becomes less dependent on external factors.
If the current balance remains in place, the dollar supply will still be vulnerable to depletion within a year of imports if oil exports cease due to wars and threats, for example, or if the economy is exposed to similar external shocks. Furthermore, reliance on reserve management and other stringent measures will not be sufficient to ensure long-term exchange rate stability.
In conclusion, while ensuring that the exchange rate stabilizes near its target level is a significant achievement for monetary policy, the absence of structural reforms, economic diversification, improving the business environment, combating corruption, and other factors will make any exchange rate stability vulnerable to reversal, particularly with oil price fluctuations, political crises, and external shocks. This underscores the importance of planning for long-term structural adjustment at the macroeconomic policy level.
*************************************************************************************************
THE SECRETS OF “BLACK TRADE”… FACTION TACTICS BRING THE DOLLAR BACK TO 140,000 DINARS
The current decline in the US dollar exchange rate against the Iraqi dinar is raising concerns among economists, as it “did not result from radical reforms to the economic structure and mechanisms for dealing with foreign currency,” exposing it to a sudden resurgence when black market networks resume activity or any political or security tensions arise .
According to the Al-Kifah and Al-Harithiya stock exchanges in the capital, Baghdad, they closed on Thursday evening at 142,700 Iraqi dinars for every US dollar. Meanwhile, selling prices at exchange shops in local markets were 144,000 Iraqi dinars for every US dollar, while buying prices reached 142,000 dinars for every US dollar .
In Erbil, the capital of the Kurdistan Region, the selling price was 142,900 dinars per $100, and the buying price was 142,800 dinars per $100 .
” Great danger “
Regarding the repercussions of this decline, Kazem Al-Shammari, a member of the Parliamentary Economic Committee, stated, “This decline in the dollar exchange rate has negative repercussions and raises concerns among economists, because the more the dollar declines, the more the country’s economy is exposed to greater danger .”
Al-Shammari explained to Shafaq News Agency, “The current situation of the Iraqi dinar is unstable due to its absence in daily transactions and the fact that a large portion of it is stored in homes, which significantly impacts the country’s economic situation .”
He explained that “an individual’s purchasing power depends on the strength of the economy. If a country’s economy is healthy and strong, purchasing power will be good. However, if the economy is collapsing, there will be no purchasing power. Therefore, anyone who believes that the decline of the dollar benefits the Iraqi economy is mistaken .”
Regarding the role of parliament in addressing this potential crisis, Al-Shammari said, “Parliament has entered a legislative recess, and during this recess, the House of Representatives is not permitted to host officials or hold meetings, except for extraordinary sessions based on the signatures of a specific number of representatives or an invitation from the House Presidency .”
Due to this holiday, he confirmed that “we will be meeting with the governor of the Central Bank starting next week to discuss the nature of this decline, whether it is planned or an emergency, the consequences of this decline on the economy and individuals, and the Central Bank’s measures in this regard .”
Faction tactics
The current decline in the dollar on the parallel market is “a development that reflects the magnitude of the financial changes that have recently occurred in the local market,” according to economic researcher Ahmed Eid . However, it is a temporary decline due to low demand, a contraction in official imports, tightened controls at border crossings, and some monetary movements.
Eid told the agency that “recent government measures have contributed to expanding dollar sales outlets through official banks and increasing coverage for travel, study abroad, and medical treatment, alleviating pressure on the black market, creating a temporary balance between supply and demand in the market .”
But deeper down, there’s a “dark side” to this decline, as Eid describes it, attributing it to “the presence of numerous economic offices affiliated with militias and parties that have long controlled a significant portion of financial transfers and the smuggling of dollars abroad. These have recently reduced their activities as a result of American and international pressure and potential sanctions .”
He pointed out that “reducing these activities has reduced the demand for dollars from these informal networks, especially since some of these offices have temporarily reduced their activity as a precautionary tactic pending a change in the political climate or a relaxation of controls .”
Therefore, the economic expert considered that “this decline may be viewed as stability, but it is a fragile stability because it is not based on radical reforms to the economic structure and mechanisms for dealing with foreign currency, but rather on circumstantial shifts that could be reversed at any moment .”
Eid predicted that “if black market networks resume activity or any political or security tensions arise, the dollar could suddenly rise again, requiring a comprehensive national strategy to control the market and curb the influence of illegal economic offices that continue to operate in Iraq and pose a real threat to its national economy .”
Government procedures
However, in an interview with Shafaq News Agency, the Prime Minister’s financial and economic advisor, Mazhar Mohammed Salih, praised the decline in the dollar’s price, attributing this to the Central Bank of Iraq’s success in financing foreign trade for the private sector, encouraging small business financing without costly intermediaries, and the success of travelers in obtaining their foreign currency dues .
Economic expert Nawar Al-Saadi agreed with Saleh, stating that “the decline in the dollar exchange rate is not surprising, but rather reflects a set of policies and measures that are gradually beginning to bear fruit, along with other developments in market behavior and local demand for hard currency .”
Al-Saadi explained, during his interview with the agency, that “the first decisive factor is the gradual expansion in the use of electronic payment tools, which has contributed to reducing reliance on cash dollars, especially among travelers, thus reducing the actual demand for hard currency in the open market .”
He continued: “In recent months, we have witnessed serious efforts by the Central Bank to reduce the amount of money in circulation in Iraqi dinars, which has directly reflected in the appreciation of the dinar, in addition to some savers and investors shifting from dollars to gold, amidst the state of anticipation and anxiety regarding developments in the regional situation .”
He noted that “non-oil-related financial flows contributed to an increase in the supply of dollars, thus facilitating the balancing of supply and demand without the need for excessive reliance on the currency selling window .”
Al-Saadi also attributed the dollar’s decline to “a decline in import volume due to the declining purchasing power of Iraqi consumers, which reduced the need for dollars to finance these transactions, which in turn affected demand in the market .”
Al-Saadi concluded his remarks by pointing out that what also contributed to this decline was “the relative control of some smuggling and illegal financing channels in neighboring countries, which has made the dollar in the Iraqi market less vulnerable to leakage and more stable within the local monetary system .”
*************************************************************************************************
“ECONOMIC IMBALANCE”… IRAN IS AT RISK OF LOSING IRAQ SOON
The American Middle East Forum Institute has monitored the “economic imbalance” between Iraq and Iran, noting that the potential strategic repercussions of diminishing Iranian economic influence in Iraq in the coming period could leave Tehran vulnerable to losing Baghdad, as it is one of its last significant geopolitical and financial defenses in the region.
The American Institute’s report, translated by Shafaq News Agency, stated that despite the severe shortages it faces domestically in terms of electricity and natural gas supplies and the difficulty in obtaining payments due to US sanctions, Iran continues to export energy resources to Iraq. This represents a contradiction in its long-term geopolitical calculations, which aim to “deeply entrench its influence in the Iraqi economy and political system.”
Noting that Iran’s exports to Iraq have increased more than 100-fold over the past two decades, demonstrating the depth of this intertwining, the report said, “Iran’s energy exports to Iraq have become a fundamental pillar of its influence in the country. Its modest non-oil exports to Iraq have increased from $145 million in 2005 to $11.9 billion in 2024, representing 20% of its total non-oil exports. This figure does not include approximately $3 billion in electricity and gas exports to Iraq last year.”
According to the institute’s report, its data, based on Iranian customs figures, shows that Iran has exported goods and services to Iraq worth more than $100 billion over the past two decades. Furthermore, according to the report, Iran began exporting electricity to Iraq in 2005, generating approximately $10 billion in revenue over the past two decades.
He continued, “Since 2017, Iran has increased its gas exports, delivering more than 60 billion cubic meters over seven years, worth approximately $18 billion.”
Overall, he confirmed that Iran’s exports to Iraq amounted to $130 billion over 20 years, while Iranian imports from Iraq remained marginal. Prior to US sanctions on Iran in 2018, they amounted to a few tens of millions of dollars annually, and recently reached approximately $500 million.
The report stated that “this economic imbalance has led to Iraq’s dependence on Iranian goods, energy, and services, which has allowed Iran to exert political influence in Baghdad, fund its pro-Iranian groups, and use Iraqi financial networks to facilitate currency smuggling and the secret sale of oil under Iraqi control.”
After noting the numerous restrictions imposed by the US Treasury Department on several Iraqi banks, the report explained that these measures have made it more difficult for Iran to access hard currency through Iraq, a vital lifeline in light of Tehran’s broader isolation from the global financial system .
The report found that Iran’s regional influence has declined since mid-2024 following Israeli strikes against its proxies and the fall of Bashar al-Assad’s regime in Syria, making Iran’s role in Iraq more vulnerable.
Therefore, the report considered that this situation created a new space for Iraq to strengthen its independence, while the “maximum pressure” campaign launched by the Donald Trump administration against Tehran encouraged Baghdad to begin diversifying its partnerships and reducing its dependence on the political and economic axis represented by Iran .
He explained that the International Monetary Fund expects the Iraqi economy to shrink by 1.5% in 2025, with the phasing out of US energy import waivers a contributing factor. He added that despite Turkey doubling its electricity exports to Iraq this year, Iraq’s gas deficit remains unresolved in the short term, posing a serious threat to the electricity grid and industry, and could lead to summer power outages and civil unrest.
The report continued: ” After Washington imposed a “maximum pressure” campaign on Tehran in 2018, Iraq has been accumulating unpaid gas and electricity debts to Iran, reaching nearly $8 billion.”
He added, “Despite this, Tehran insists on continuing its exports, based on its strategic calculations rather than its economic logic,” considering that this influence may decline, as the International Monetary Fund expects Iran’s total exports to decline by $11 billion in 2025 compared to 2024, while the Fund also expects a daily decline of 300,000 barrels in Iranian oil exports due to renewed US pressure, in addition to the decline in global oil prices.”
The report indicated that the US Treasury’s restrictions on Iraqi banks’ access to dollars will undermine Tehran’s ability to recover its funds. As a result, the Iranian rial will lose approximately 50% of its value in 2024, while the International Monetary Fund expects Iran’s GDP to decline by $60 billion in 2025, reaching $341 billion, its lowest level in 18 years .
He emphasized that Iran’s economic influence over Iraq remains significant, but fragile, adding that US financial restrictions, internal resentment in Iraq over Iranian interference, and Baghdad’s plans to diversify its gas sources all pose serious threats to Tehran’s influence.
He pointed out that if Iraq succeeds in reducing imports of Iranian goods, replacing Iranian gas with local or Turkmen supplies, and enhancing the compliance of its banking system with international standards, Iran “could lose one of its last significant geopolitical and financial defenses in the region.”
The report considered that, for the United States and its allies, strengthening Iraq’s energy independence and financial stability should be a strategic priority, adding that, for Iran, the cost of clinging to Iraq in the near future could outweigh the benefits.
*************************************************************************************************
GOVERNMENT ADVISOR: CONTRACTING WITH INTERNATIONAL AUDIT FIRMS IS A KEY STEP TOWARD MODERNIZING THE ECONOMIC STRUCTURE.
Mazar Mohammed Saleh, an advisor to the Prime Minister, confirmed on Friday that contracting with international audit firms to evaluate the banking sector is a key step toward modernizing the economic structure. While explaining that these firms are independent and unaffected by pressures and interests, he indicated that this modernization contributes to strengthening confidence in the Iraqi financial market and reform in this sector, and encourages a shift away from the informal cash economy.
Advisor to the Prime Minister, Mazhar Mohammed Salih, told the Iraqi News Agency (INA): “The statements made by Prime Minister Mohammed Shia al-Sudani during his recent important meeting with the chairmen of the boards of directors of private banks in Iraq or their representatives are consistent with the banking reform policy in Iraq, particularly highlighting the importance of contracting with international firms for financial auditing and assessing the status of the banking market in our country. This represents a fundamental step and a foundation towards comprehensively modernizing the economic structure, while simultaneously reflecting a drive to rebuild trust and cohesion within the financial sector in general and the banking market in particular.” He added, “Prime Minister Mohammed Shia al-Sudani’s statements undoubtedly represent reform axes that do not deviate from the principles of the government’s approach that state institutions have followed over the past few years. The primary goal of banking reform is to modernize it to align with international standards in governance, compliance, and transparency, particularly in providing confidence and efficiency in the provision of banking services to society with a broad framework of integrity and credibility in banking work.” He noted that “the Prime Minister’s speech focused on the need to encourage investment by ensuring a reliable banking system that supports financial inclusion and efforts to transition to a digital economy, electronic payments, and all digital transactions.” He explained that “the Prime Minister’s speech focused on the importance of contracting with international auditing firms to re-evaluate the conditions of banks, both private and government-owned, based on a single premise: ensuring their institutional capabilities to uncover any financial loopholes in the country’s banking system, verify the integrity of accounting and administrative procedures within local banks, and provide an accurate assessment of the financial suitability of banking institutions. This supports reform plans with real data to take effective steps to build a long-awaited, integrated and efficient banking system.” He indicated that “these international companies possess advanced auditing expertise and technologies, undoubtedly supported by local competence. In addition, the international auditing and accounting firms currently undertaking the banking sector evaluation process are independent entities, unaffected by pressures and interests, and provide greater credibility to the international community and investors, which enhances confidence in our country’s financial market.” He continued, “Prime Minister Mohammed Shia al-Sudani’s speech did not depart from the fundamental principles of financial and banking reform, which are based on encouraging citizens and companies to deposit funds and engage in credit transactions with banks instead of the informal cash economy. This is achieved by creating an attractive investment environment based on transparent and stable banking institutions, with the goal of supporting the private sector with effective loans and financial services. This contributes to creating job opportunities and sustainable development within the aforementioned private sector, which is the true partner of the state in economic progress and prosperity in Iraq.” Prime Minister Mohammed Shia al-Sudani chaired a meeting of the heads of the boards of directors of Iraqi banks, during which mechanisms for implementing the banking reform plans prepared by the government were discussed as part of comprehensive reforms of the economic sector.
During the meeting, according to an official statement, the Prime Minister emphasized that “all state sectors are linked to the existence of an effective and flexible banking system that relies on modern technologies.” He noted that “the government has adopted comprehensive plans for banking reform and contracted with private financial auditing companies, including all banks, and has made significant progress in implementation.”
He explained that “the work of the First Rafidain Bank will launch with a new look and vision, in partnership with specialized and well-known banks.” He pointed to “the formulation of a clear roadmap to address the conditions of the private banking sector, as a partner in development.” He emphasized the need for cooperation during the next phase to take effective steps in economic reform.
He pointed to “the state’s distancing from detailed intervention in sectors and assuming a regulatory role,” indicating efforts to “engage the private sector and foreign companies in all mega-projects, as well as support local productive sectors and absorb the imported cash flow.” Providing domestic goods and services to citizens as an alternative to imports and ensuring support for local investment. The Prime Minister directed “banks to simplify procedures and participate broadly in the development process, as well as to participate as investors in all available opportunities, move toward partnerships with foreign companies, and work to build trust with citizens, which will help ensure they feel confident depositing their money in banks.”
*****************************************************************************************************
HOARDED WEALTH, FROZEN ECONOMY: IRAQ’S HIDDEN CASH CRISIS DEEPENS
For many Iraqis, banks are not seen as safe havens but as unreliable or even risky institutions. And for countless others, personal experiences of fraud and failed investments have reinforced the instinct to hide money away rather than let it work.
In a country long battered by war, corruption, and economic volatility, a new crisis is quietly suffocating Iraq’s prospects for recovery: the nation’s wealth is being locked away behind household doors.
Recent figures reveal that only 20 trillion Iraqi dinars are in actual market circulation out of a staggering 105 trillion dinars in total monetary volume—a sign that Iraqis are overwhelmingly choosing to hoard their savings at home rather than invest or deposit them. This growing phenomenon not only reflects deep societal mistrust but also poses a formidable obstacle to economic growth.
The roots of this behavior run deep. For many Iraqis, banks are not seen as safe havens but as unreliable or even risky institutions. And for countless others, personal experiences of fraud and failed investments have reinforced the instinct to hide money away rather than let it work.
Ahmad Alaa, a young Iraqi man, shared his own story with Kurdistan24’s correspondent Seif Ali—a cautionary tale that mirrors the fears of many. “After saving a significant amount, I tried investing in the car trade through a partnership. I was defrauded. Even after two years in court, and a confession from the person who stole our money, he walked free,” Alaa said. “After that experience and others like it, people are too scared to invest.”
Ahmad Alaa, a young Iraqi man, shared his own story with Kurdistan24’s correspondent Seif Ali. But fear of fraud is only part of the equation. Experts point to a fragile banking system, unpredictable exchange rates, and mounting economic pressures as factors pushing citizens further into financial isolation.
Economic analyst Arkan Al-Shammari explained to Kurdistan24, “The economic downturn and instability of the dollar discourage citizens from launching small businesses. Even those who want to invest face high operational costs—particularly rent—which make ventures unfeasible from the outset.”
Economic analyst Arkan Al-Shammari talking to Kurdistan24’s correspondent Seif Ali.
With banks offering little in the way of guarantees or incentives, and with Iraq still lacking a secure and modern banking infrastructure, citizens are left with few appealing options for managing their money.
Al-Shammari argued that revamping the financial system and offering substantial incentives could be key to drawing hoarded funds back into the economy. “Without an encouraging banking environment, it’s unrealistic to expect people to trust the system with their life savings,” he said.
The consequences are stark. As Iraq faces pressing needs in reconstruction, job creation, and diversification of its economy, massive reserves of personal wealth remain immobilized—kept in cash, hidden in homes, and denied to the markets and sectors that need them most.
In the absence of sweeping financial reforms, Iraq risks falling further behind in its efforts to build a resilient and modern economy. For now, the country’s future remains shackled not only by visible challenges, but also by the invisible weight of idle cash—locked in fear, distrust, and lost opportunity.
************************************************************************************************
THE 2025 BUDGET SCHEDULES WILL BE FINALIZED BY THE END OF MAY.
MP Baqir Al-Saadi stressed that “the existence of 2025 budget schedules is important to ensure project funding and provide financial support for local governments, enabling them to proceed with implementing service projects across all sectors.”
Al-Saadi indicated in a press interview seen by (Al-Masry Al-Youm, Sunday 5/11/2025) that “the 2025 budget schedules will be decided by the end of this May.”
He said, “Despite talk of the possibility of postponing the budget resolution until after the November 2025 elections, there are indications that the budget schedules may be finalized by the end of this month. Thus, after the end of the legislative recess, the parliament will have the opportunity to finalize it or hold extraordinary sessions to discuss and vote on it.”
He explained that “the delay in finalizing these schedules and the Cabinet’s failure to send them to the Parliamentary Finance Committee for review before submitting them to the Parliament Presidency for a vote has negative repercussions on the funding of service projects in ministries and local governments.”
(Kind of weird how they worded this last statement since the Finance Committee is part of Al Sudani’s cabinet. Do these reporters even know how the government is structured?)
****************************************************************************************************
IRAQ ON TRUMP’S AGENDA DURING HIS MIDDLE EAST TOUR
/ US President Donald Trump is embarking on a tour of the Middle East, including Saudi Arabia, the UAE, and Qatar. This visit is described as crucial given the profound changes taking place in the region .
The Saudi capital, Riyadh, is hosting the summit that will bring together Trump and the leaders of the Gulf Cooperation Council countries .
According to the White House, the visit’s agenda will focus on enhancing investment and security cooperation, in addition to discussing hot regional issues. Specific agreements are expected to be signed, establishing a new phase of strategic partnership between the United States and the Gulf states .
The changes include events in Gaza, Lebanon, and regime change in Syria, in addition to relations between Iran and the United States, and Israeli attacks .
Regarding the situation in Iraq, despite the entry of pro-Iranian factions into the conflict, US pressure has forced these factions to surrender their weapons to the state, with Tehran’s blessing, according to media reports .
Trump’s upcoming visit is an opportunity to redefine America’s role in the region and define Washington’s interests in light of a new reality characterized by shifting alliances and balances of power .
Amidst the Gaza conflict and the changing maps of Syria, Lebanon, and Iraq, Trump is visiting the region carrying a new vision for American engagement in the Middle East .
***************************************************************************************************
Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just FACTS!
Disclaimer: All information in this newsletter is not intended for investment decisions / purposes. Mnt Goat is not a financial analyst, planner, banker, attorney or associated in any role with giving out professional investment advice.
Auf Wiedersehen
Much love to ya all,
Mnt Goat
LATEST MNT GOAT NEWSLETTER 
You must be logged in to post a comment.