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.
ABOUT THE NEWSLETTER:
December 2, 2025 Mnt Goat News Brief
Guten Tag everyone:
Bringing you more news. What happens next?
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. Please show your appreciation for all the hard work I do.
I recommend $10-$15 dollars a month or whatever you can afford. Do you realize I write eight (8) Newsletters every month. This is like a second job to me. The only way I know that people are reading and appreciating all the FACTUAL news I bring is through their appreciation. If I do not receive equal appreciation for all the hard work I do, I will simply end the Newsletter and save myself endless hours at the computer. I am tired of this RV saga just as you are. We are now down to the wire and the evidence is showing us the end is very near. I feel this would be a lousy time to end the Newsletter, but that is all up to you.
So, if you haven’t already shown your appreciation for October please reconsider.
Let’s all try to chip in!
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2 Corinthians 9:10
“Now he who supplies seed to the Sower and bread for food will also supply and increase your store of seed and will enlarge the harvest of your righteousness”
STATUS OF THE RV
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No! There is no RV or Reinstatement of the Iraqi dinar yet. There are NO newer smaller category notes issued or pictures even shown to anyone yet by the CBI and that includes the 10 and 50 categories. This is per my CBI contact.
Don’t let these intel gurus or internet idiots fool you with their hyped-up sites. They only want your clickity-clicks. We don’t need rumors or bank stories. We don’t need three letter agency lies. We have FACTS and so let the FACTS speak for themselves.
If I were you, I would keep the champagne in the frig. The show is not over until the fat lady at the circus sings….. lol.. lol.. 😊 It is early December and the CBI may still go ahead with removing the zeros in time for a January release. Oh… but remember it does not have to happen exactly on January 1st as there are thirty-one days in the month. They could also change the plan and remove the zeros in early January and release in late January. There are options.
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I wish could tell everyone to go to the bank and exchange your dinar today but this is simply not going to be the case. We must realize that the CBI is working on one track, the GOI on another, and some can even say Kurdistan on yet another. So, let’s explore each track and learn more today how close we are to the RV.
It’s the CBI track that we have been following mostly with all the banking and financial reforms. We were told just a few weeks ago that the CBI is ready to remove the zeros and we all know what that can lead to. In the news back then, Iraq even told us about the pending now basket and talked about moving to FOREX. Then they even told us that moving to Forex would even coincide with the implementation of the new digital dinar. This was the first time they talked openly about this since 2011 when we learned about the overall Dr Shabibi plan. The digital dinar did not exist back then, however things have changed since 2011 and so the CBI told us the digital dinar will stop all currency fraud and completely shut down the parallel market. We learn in the article titled “CENTRAL BANK GOVERNOR: DIGITAL CURRENCY WILL SOLVE 90% OF THE PROBLEMS IN THE IRAQI FINANCIAL SYSTEM”. Please click on the link to read it.
So, how close are we then to the RV?
But remember that the CBI cannot begin the project to delete the zeros without assurances from the U.S. that it can then move ahead to the reinstatement pending no inflation issues arise during the currency swap out. In today’s main article thread, we learn in the articles titled “SAVAYA: I WILL ARRIVE IN IRAQ WITHIN THE NEXT TWO WEEKS.” That Mark Savaya, the special envoy of US President Donald Trump, announced that he will arrive in Iraq within the next two weeks, revealing that he is carrying “a special message from President Trump to the leadership in Iraq and the Kurdistan Region.” This meeting was supposed to take place last week but was postponed due the Washington shooting of the National Guardsmen.
😊In yet another article on this same issue titled “A GOVERNMENT STRIPPED OF FACTIONS: THE AMERICAN CONDITION CLASHES WITH THE WILL OF THE IMF IN BAGHDAD.” All eyes in Baghdad are on the crucial behind-the-scenes maneuvering to form the next Iraqi government, amid unprecedented American pressure. This article is telling us not only does the U.S. want these Iranian militia out of Iraq but also out of the political process. For the first time, Washington is so explicitly demanding a “non-factional government” as a prerequisite for international recognition of the legitimacy of the entire political process, linking this condition to future economic and security support for Iraq. Can it get any clearer. The U.S. is telling Iraq they are not going international (thus the reinstatement of the dinar to FOREX) until they show they are truly a fully sovereign country. This means they can not be a proxy of Iran.
😊Yes, in article titled “POLITICAL ANALYST: WASHINGTON CONTROLS 90% OF THE GOVERNMENT FORMATION DECISION… AND THE COORDINATION FRAMEWORK AWAITS SAVAYA’S CONDITIONS.” We can clearly see the U.S. is controlling this 2025 election cycle and will have its way in who is the new prime minister. Their excuse for doing so is that Iraq has NOT yet proven itself in managing it’s security issues as a “fully” sovereign country, as Iranian militia still walk the streets, occupy military bases and Iran still has e a large influence in the political process. So, the U.S. says if you want to be a big player in the international stage it starts with putting on your “big boy” pants and truly learn to govern your own country and keep it safe.
😊In yet another article on this very same issue titled “TRUMP’S ENVOY RECEIVES PRESIDENTIAL DIRECTIVES REGARDING THE IRAQ FILE” we learn just what the US President Donald Trump’s directive is. Mark Savaya, announced that he had received presidential directives regarding the Iraq file, during the Thanksgiving celebration. So, we now know what these directives are going to be when he arrives in Iraq. What was this message? I quote from the article – President Trump’s envoy issued a stern warning to the armed factions, saying: “Let me be clear and unequivocal: there is no place for such armed groups in a fully sovereign Iraq,” adding a direct American pledge: “The United States will fully support these efforts… Every illegal armed group and those who support it will be pursued, confronted, and held accountable.”
Knowing all this, after reading these articles on this subject matter of Iranian influence in Iraq, Do you believe that the U.S. is going to support the Iraqi dinar moving to international status any time soon?
What does the IMF say about it? Are they ready to support the RV?
In the article titled “A GOVERNMENT STRIPPED OF FACTIONS: THE AMERICAN CONDITION CLASHES WITH THE WILL OF THE IMF IN BAGHDAD” we learn what that the IMF is clashing with the Trump’s objectives. According to the information
this demand by the Americans clashes with an electoral reality that cannot be ignored: The political blocs affiliated with the factions have won dozens of seats in the new parliament, reflecting the will of a broad electorate in the central and southern regions.
This duality creates a deep tension between the will of the IMF on one hand, and the will of the major international power on the other, and puts Iraqi political forces before a difficult choice: either to accept Washington’s conditions and risk the anger of their popular base, or to proceed with forming a government that respects the election results and exposes Iraq to possible diplomatic and economic isolation.
I ask, what do you believe is going to happen? Do you think this mess with Iran is going to be cleared up in time to conduct the swap out of the notes and allow for the reinstatement all by early January 2026?
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To answer this question, I want to add a few thoughts:
- I can only report on what I am told by my CBI contact, then read the articles for more;
- When does Iraq do anything exactly on time?
- Iraq and the US obviously have not yet settled the Iranian issue.
- The new prime minister is not yet selected.
Yes, its December 2nd already and was told that there is enormous pressure on the CBI by the IMF to move ahead, but they can’t, as they are also working very closely with the US Treasury on a daily basis. So, for today’s news lets look at the articles and see if we can explain further on these issues facing Iraq.
I know this is not the news we had hoped for today but it is what it is. Remember that things could change drastically as we move through December.
My Saturday call to Iraq:
My contact reiterated once again the success of the Mnt Goat Newsletter blog. She said she is thankful that someone is there to tell the TRUTH about what is really happening in Iraq. She too reads and listens to all the “bullshit” on the internet. She emphasized the word “bullshit”. Where do people get these lies from, she asked?
I then said thanks for her comments. She then told me that the CBI has been told by the Finance Committee to hold off on removing the zeros until the issues with the U.S. around the Iranian saga are agreed to and at least how this will be handled. Right now it it is even more difficult to negotiate on the issues dealing with Iran because Iraq does not yet even know who to negotiate with, since the prime minister is not yet elected. My guess it there will some sort of commitment, with an agreement, then with a pledge and “or else” conditions, built into it. Iraq will have to show some sort of immediate actions to cement the terms of the agreement.
I asked more about the project to remove the zeros. She said it is still targeted for December, be patient and instructions are ready to be posted in the news on how to conduct the swap out. Do you remember the recent article we read about December 1st being the date for a new currency mechanism in the article titled “IRAQ IS SET TO IMPLEMENT A NEW CURRENCY MECHANISM ON
DECEMBER 1, 2025”. You can go to my Nov 20th Newsletter for more information on this article. Here is the article and so you can read the first statement yourself. What does it say?
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Article Follows
Iraq is set to implement a new currency mechanism on December 1, 2025
Iraq is set to implement a new currency mechanism on December 1, 2025, which includes the introduction of a central bank digital currency (CBDC) and a redenomination plan.
In this first paragraph it tells us what it includes. It says “includes the introduction of a central bank digital currency (CBDC) and a redenomination plan.” Can it get any clearer that the CBI intends to being the redenomination plan or remove the zeros. This means to replace the larger three zero notes with the lower denominations. (When this occurs we know the IQD rate will be about 75 cents in-country until they collected what notes they need to collect. )
This move aims to modernize Iraq’s financial system, enhance financial transparency, and reduce reliance on traditional fiat currencies. The CBDC will eventually replace physical banknotes, while the redenomination plan will simplify transactions and improve public confidence in the dinar’s value.
The Central Bank of Iraq has not specified the exact exchange procedures or deadlines, but a phased rollout is expected. This transition is part of broader global banking reforms and will require a strong technology foundation and public acceptance to ensure it’s success.
Article Ends
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What else is in the news?
Besides the Iranian issues, the news today is all very good for Iraq. In the recent past we learned about many of these initiatives to bring Iraq into the middle east leadership role. But they are not there yet. To be honest with you I have been thinking that the Development Road Project was much further that we see in an article in today’s news that they are just reaching out for contractors to build the roads and railways, so this may take a while to pan out as a revenue stream.
😊 Then in article titled “IN COOPERATION WITH THE ASSOCIATION OF PRIVATE BANKS, THE FIRST PHASE OF THE “PULSE OF MOSUL” PROJECT HAS BEEN LAUNCHED” we learn that Prime Minister Mohammed Shia al-Sudani launched the first phase of the “Pulse of Mosul” project on Sunday. Sudani launched the (Pulse of Mosul) project, which aims to rebuild the alleys and neighborhoods of the old city of Mosul, inspired by the (Pulse of Baghdad) project, which included the rehabilitation and maintenance of the old areas of Baghdad.” Why is this important?
This project of reviving Mosul show us that Iraq is concerned about rebuilding Iraq and after over 20 years since 2003 are now taking this effort seriously.. Yes, like the Development Road Project. As Al-Sudani pointed out during the meeting this project will also mean increased revenues from reviving the heritage of the ancient city, to be an important tourist gateway and enhance its historical and heritage status. As an investor, you too may have the opportunity some day soon to travel to Iraq and experience history and all the cities you only read about in my blog and the articles.
In multiple articles on the subject matter of a mulit-year budget we can begin our education on why a multi-year budget and the benefits to Iraq. We can read about this effort in the articles titled:
“IRAQ IS REVIVING THE THREE-YEAR BUDGET EXPERIMENT; THE MINISTRY OF PLANNING HAS BEGUN DISCUSSING IT IN PREPARATION FOR PRESENTING IT TO DECISION-MAKERS”.
“THE GOVERNOR OF THE CENTRAL BANK OF IRAQ PARTICIPATES IN THE ARAB BANKING CONFERENCE 2025”
“THE 2026 BUDGET IS ON THE PLANNING TABLE… A DISCUSSION OF THE GENERAL FRAMEWORK AND PLANS FOR SUBSEQUENT YEARS”
All three of these articles can be found in the Mnt Goat Newsletter Articles Section.
The 2026 budget and plans for subsequent years were the focus of a meeting at the Ministry of Planning, where the general framework and proposed projects to be included were discussed. The ministry stated in a statement, which was reviewed by (Shafaqna Iraq), that “a meeting was held today, Wednesday, to discuss the preparation of the budget for 2026 and the next three years (2026-2027-2028). Remember that this is the second time that they are attempting a three-year budget. The last term was 2023-2025 but a sudden drop in oil prices beyond what was budgeted for basically killed the ability to conduct the 2025 projects. Instead of borrowing the GOI simply postponed the projects hoping to fund them in 2026.
There is not much more important news to bring at t his time. The 2025 election is not yet decided and probably won’t be until all the appeals from the election results are decided upon in the Supreme court. Then having ten days afterwards to announce the results. The court just told us they have reviewed all the appeals that were pending however there is still time to allow to submit yet more appeals since the statute of limitations has not yet run out. So we wait to learn of the election results.
Of course, this other “sour grape” issue namely the Iran influence in Iraq must be resolved somehow. Oh… there is always an issue that seems to stop the RV. But will it this time? We still have to see what happens. At least none of my blog readers are ignorant on this subject matter as I have presented countless articles about this danger of holding up the RV this year or early next. All I can say is “I told you so”. Are you listening.
Having read my RV Status for this period when do you think the RV will happen?
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Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!
PRAYING WITH SINCERITY
Many may ask why their prayers are not being answered. Our new Shepard in Rome Pope Leo XIV has given us some direction.
You can purchase a nice pair of Rosary Beads here to pray:
These prophecies are more important now more 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 these past three election cycles, how can you deny that God is at work? Are you sleeping or what?
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, much more, I assure you! Now that God has his biblical David re-elected, we need to pay attention to what He does next.
NOTE: These prophecies just keep getting better and better, giving us HOPE of a brighter future. But the real reason why I listen to them is that we can actually see what God says He will do is 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.
Prophetic Words from prophet: Julie Green
“Are You Prepared Of What Is About To Strike Your Nation?”
You can start watching the video at the 12:45 mark. From Nov 23th.
“Martial Law Must Take Place To Free Your Nation”
You can start watching the video at the 16:14 mark. From Nov 16th.
Martial law is the replacement of civilian government by military rule and the suspension of civilian legal processes for military powers. Martial law can continue for a specified amount of time, or indefinitely, and standard civil liberties may be suspended for as long as martial law continues. Most often, martial law is declared in times of war or emergencies such as civil unrest and natural disasters. Alternatively, martial law may be declared in instances of military coups d’état.
Martial law is how the government gets to military tribunals we have been hearing about for the past 10-20 years of prophecies. God is telling us now through Julie Green that these will be necessary as our current court system is dysfunctional. These tribunals will be WWII Nuremburg style courts set for this purpose. They will rule on cases and hand down sentences. This corruption has been going on in our government all way too long as they protect each other, accept bribes and give death threats and so it is even hard to get justice. This will be necessary because of all the corruption that is within the justice system of the district courts. It is hard to get a fair trial. It’s coming and so be prepared mentally when you see it. We recently witnessed the crossing of the red line with the six democrats outright telling the military members to mutiny. Why? It’s because they know that martial law is coming. Get it? This should be yet another sign of proof to you of what I know to be true.
We are not to be fearful as this will NOT be a total shutdown of the nation like for COVID. Things will basically go on as normal daily life, however there will be a seed of martial law within the justice system of the government. It will be announced and televised. These court cases will be on TV daily. Glenn Beck does a good job of explaining it.
KIM CLEMENT WARNED THIS WOULD HAPPEN IN NEW YORK
UFOS ARE NOT JUST IN OUR IMAGINATION ANYMORE…OR WERE THEY EVER JUST IMAGINARY?
Around 1986 I ran across a prophecy called “Pheonix Rising” by May Summer Rain.
You can go buy it on Amazon.com and read it for yourself and then tell me you too do or don’t see these prophecies happening in real life. You can just comment me on this blog how you feel. It’s is amazing what is happening in this time. So far everything she has documented from the native American woman, from the Chippawa tribe who gave her the prophecy has come to be. In the prophecies she also talks about UFOs (now renamed to UAP for only God knows why). The prophecy says there will be total exposure of the alien crafts and we may even have an opportunity to go upon and visit one on display.Yes, this is going to be total exposure. I can not give you a firm date and like the IQD RV, only certain people know when this is all going to come all out. But by the current news on this subject it is not hard to determine it is soon, and I mean soon!
Come ‘ on folks this is now national news from a national network. The people interviewed are VERY creditable people. Are you a believe or do you still want to poo poo it? When it happens to you and you see one then what? I actually have a family member who did see a round ship, took actual photos and so I personally know something is not right.
A LIBERAL DEMOCRAT PREARRANGED NEW NARRATIVE THAT THEY ARE BUILDING SLOWLY AGAINST TRUMP IS BEING BORN. HERE WE GO AGAIN…
The news media is given the new narrative and then the questions to impose in the interview to create the narrative. Yes, the interview is “staged” for the public.
I pray this nasty Mark Kelly is convicted of inciting mutiny among the ranks of the military. And for that matter the other five (5) politicians also.
A PREEMPTIVE STRIKE ON PRESIDENT TRUMP’S AUTHORITY AS COMMANDER AND CHIEF
What is this democrat propaganda trying to prepare America for? Yes, this must be dealt with and not ignored.
Victor Davis Hanson takes is through it for us to understand the TRUTH what these democrats are trying to do. Again, they are desperate and will try anything. This inciting of mutiny to 1.3 million military members must NOT go unanswered. The military chain of command must NOT get political.
Everyone must listen to this video to understand firmly what is going on.
TIM WALZ SPIRALS AND RUNS OFF MSNBC WHEN ASKED ABOUT THE CORRUPTION IN HIS OWN STATE
TRUMP AIMS TO REVOKE BIDEN-ERA PARDONS SIGNED ‘ILLEGALLY’ WITH AUTOPEN
Can president actually do this legally and constitutionally?
SILVER VAULTS RUN DRY AS SHORTAGE TRIGGERS PANIC. Physical silver not available to meet demand.
Okay so why is there a shortage of silver all of a sudden? There is a shortage because many investors who invested in silver only on paper are now wanting the actual physical silver. The procedure of buying without taking possession has kept silver relatively lower over many decades than what it should be. Silver should be at about 1/3 the spot of GOLD. Gold just hit $4,000 an ounce and technically silver should follow at about $1,000 – 1,300 an ounce.
Just this week silver finally broke over $50 an ounce and so what did our prophets tell us would happen next. They said a sudden rise in silver would happen. Will it? It’s happening now. Now investors are demanding their silver and there is not enough to meet the demand. Yes, it’s kind of like a panic for silver.
It is key to the “RESET”.
Folks, this is not just precious metal dealers trying to sell you silver or gold. Listen carefully. What’s coming next? I am trying to help everyone that there is money to be made on other than currencies, such as in the dinar that we all sucked up in the past.
15 THINGS TO DO IF YOU GET RICH ALL OF A SUDDEN
15 ASSETS THAT ARE MAKING PEOPLE RICH/RICHER
HERE’S HOW TO MAKE YOUR ASSETS INVISIBLE FROM CREDITORS
HOW TO LOOK PENNILESS IN THE PUBLIC RECORD
Today we’re diving into why it’s crucial for real estate investors, stock investors, business owners, and wealth builders to appear “penniless” in the public record. Would you like to learn more about protecting your assets and minimizing taxes? Schedule a free consultation here 👉 https://aba.link/i93
How an LLC can actually work against you.
Don’t have your personal name or address in any public record.
Are offshore assets or accounts really protected?
Are vortex trusts a scam for tax protection?
Don’t misuse a legal entity and take it to extraordinary measures, it won’t work.
I really, really, really encourage everyone to watch this video and learn from it.
Now I know that many of you may have already researched getting a LLC or a Trust to protect your money against creditors and reveres law suits. But after watching this video today I feel you can learn even more and that there are some caveats that can really work to your benefit all depending upon the state you file your entity in. It’s just a matter of working with your attorney and help to guide them on what you want.
Basically, it all amounts to how much privacy a particular state is willing to give for a legal entity. Attorneys can research this for you but you have to find a good one willing to do it for you. What I am saying is you may think you are protected in a particular state and then find out later, when sued, that your records are not that protected from preying eyes after all.
Another key lesson I learned is it is much easier to use the entity instead of your own name and address from the very start and get it on the dead when you purchase a property or business, rather than have an attorney later try to fix it, after some damage is already done.
Listen carefully what these attorneys are saying….
5 STATES CUTTING PROPERTY TAXES TO ZERO
THE CENTRAL BANK WANTS TO SOLVE THE CASH PROBLEM
Central Bank of Iraq
Some types of currency, even less than 10,000 dinars, are not accepted from some banks, so the currency has accumulated among citizens to solve this problem in the latest guidelines of the Central Bank of Iraq, private banks and currency dealers. The Central Bank of Iraq (CBI) has issued new guidelines to deal with all types of Iraqi dinars.
The 250, 500 and 1000 Iraqi dinars are the least traded in the market, banks and currency dealers’ markets, and in some places are not accepted, so the small amount of money has accumulated among citizens.
The Central Bank of Iraq (CBI) had earlier said it had a shortage of cash, one of the reasons being the deterioration of the balance between the currencies, so they issued new guidelines and must deal with all types of Iraqi dinars.
Anwar Mousavi, a currency dealer, told Kurdistan24 that there is no problem in providing any kind of money to pay salaries and shop owners must cooperate in the markets.
Iraq spends about 7 trillion dinars monthly on salaries, the central bank said by the 10th of each month to end the transaction of the money in the markets, about 15 trillion dinars are withheld by citizens.
Economist Haider Sheikh said the central bank wants to solve the cash problem and eliminate the excuse of currency in transactions, so government offices and private banks have instructed to receive all kinds of money, because the money paid for salaries will not be in the market.
Previously, currency dealers and even some private banks accepted bills against the dollar at less than their value, but according to the new guidelines, bills will be accepted at the same value even if they are torn or old.
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THE 2026 BUDGET IS ON THE PLANNING TABLE… A DISCUSSION OF THE GENERAL FRAMEWORK AND PLANS FOR SUBSEQUENT YEARS.
The 2026 budget and plans for subsequent years were the focus of a meeting at the Ministry of Planning, where the general framework and proposed projects to be included were discussed.
The ministry stated in a statement, which was reviewed by (Shafaqna Iraq), that “a meeting was held today, Wednesday, to discuss the preparation of the budget for 2026 and the next three years (2026-2027-2028), chaired by the Undersecretary of the Ministry for Technical Affairs, Maher Hammad Johan, and attended by a number of directors general, heads of departments and representatives of relevant departments in the ministry.”
She added that “the meeting’s discussions focused on the general framework of the 2026 budget and plans for subsequent years.”
“Discussions were also held regarding ongoing and new loans and projects proposed for inclusion in the budget, as well as examining the terms of the Chinese framework agreement and the development projects it includes.”
The statement continued, “The meeting also addressed the preparation of appropriate scenarios for the 2026 budget, in preparation for submitting them to decision-makers for approval according to developmental and economic priorities.”
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THE CENTRAL BANK WARNS: ENTITIES ARE SPREADING RUMORS TO RAISE THE DOLLAR’S VALUE IN THE MARKET.
The Central Bank of Iraq confirmed on Thursday that there is no intention to change the official exchange rate. While noting that the rumors that are spread from time to time aim to speculate in the parallel market, it pointed out that its monetary policy has succeeded in curbing inflation, as evidenced by international recognition.
(Mnt Goat: Again, they are talking about changing the exchange rate by devaluation from 1320. This would be the worst thing the CBI could do at this point, especially if you want investors to come into Iraq. These people are ignorant and stupid and just spread rumors. They don’t want Iraq to grow, they want the status quo of corruption in the dollar and to maintain their currency scams to Iran.)
Alaa Al-Fahd, a member of the Central Bank’s media office, said, “There are parties trying to fish in troubled waters and spread rumors and false news that are outside the Central Bank’s jurisdiction in order to raise exchange rates in the parallel market,” explaining that “the Central Bank always defends monetary policy and the general price level.”
Al-Fahd added that “inflation rates in Iraq have reached, according to international testimony (the IMF and the World Bank), historically low levels compared to other countries in the region, and have even reached negative levels, which is happening for the first time and is considered an achievement for monetary policy in preserving purchasing power, especially for the poor classes.”
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PRESSURE ON THE CENTRAL BANK TO CHANGE THE EXCHANGE RATE CONSTITUTES INTERFERENCE WITH ITS INDEPENDENCE.
Samir Al-Nassiri
(Again, I will add this change to the exchange rate they are calling for is a devaluation not a revaluation. It is still with the de fact peg to the dollar and not yet on FOREX)
After the announcement of the final election results, and for the political and self-serving interests of some influential figures, speculators, and traders who deal in illegal trade through direct transfers outside the controls of the Central Bank, official border crossings, and the new instructions for prior customs registration starting from 12/1/2025, which ensure control over the government’s customs revenues.
About a week ago, media pressure began, directed by some specialists, non-specialists, and self-proclaimed analysts who frequently appear on media channels with vested interests and on social media, with the aim of disrupting the Iraqi market, which has remained stable throughout 2025 due to the wise monetary policies and efforts made by the Central Bank, which maintained the general price level and kept the inflation rate below 1%, controlled the money supply, and built sufficient foreign reserves to cover the local currency in circulation and cover imports.
He (Ali al-Alaq) is currently implementing an ambitious project for a comprehensive and radical reform of the banking sector. He receives continuous praise from the World Bank, the International Monetary Fund, and the US Treasury for the steps he has taken in implementing monetary policy over the past three years.
Since December 19, 2020, when the exchange rate was adjusted by the Central Bank under pressure from the previous government, and up to the present time, the exchange rate of the dinar has continued to fluctuate up and down in the parallel market, even after it was adjusted again in 2023. Due to the Central Bank’s measures mentioned above, relative stability has been achieved despite all the internal and external challenges, and all the speculators’ plans to weaken the purchasing power of the Iraqi dinar have failed.
We must also not forget, clearly and precisely, that there is an organized lobby working against achieving monetary stability, led and implemented by multiple entities linked to speculators and corrupt individuals who have a special agenda to weaken and harm the national economy by fabricating news and statements, spreading rumors and flawed and paid economic analyses, and turning them from reassuring news for the market and citizens into news that confuses the market and creates panic among citizens. This is what is actually happening now, which requires clarification here, as it has been happening for about ten years.
Particularly after the financial and security shocks of mid-2014, a culture of reliance on the central bank to confront economic and financial crises and challenges became entrenched. This is done by using its monetary policy tools and mechanisms to overcome the government’s liquidity shortage and its inability to pay salaries on time, as well as the failure of fiscal policy by relying on foreign currency reserves. These reserves are not, in reality, the government’s reserves, but rather the central bank’s reserves, used to control the stability of the exchange rate, according to the target, and to address the balance of payments deficit.
The central bank has been burdened with the problems of other stakeholders, which is not its primary role. It is not responsible for the shortfall in non-oil revenues, the balance of payments deficit, the trade deficit, or the fluctuations in global oil prices. Therefore, foreign currency reserves have risen and fallen due to these flawed policies, which are not based on a clear and defined economic strategy or methodology.
Therefore, the return of stability to the exchange rate to its targeted and balanced rates will be achieved with the support of the concerned authorities in the government by activating other productive sectors, reforming the financial and banking sector, drawing up clear financial policies in coordination with monetary policy and its currently adopted applications and tools, and overcoming the challenges of achieving economic stability, which means achieving stability in the financial and monetary system.
This is not only the duty of the Central Bank alone, but it is a fundamental duty of fiscal policy and the government’s approach to managing the economy, activating sources of national income other than oil, supporting, protecting and encouraging local production, generalizing the activation of dealing in the Iraqi dinar in all internal cash trading activities, expanding the use of electronic payment methods and enhancing digital transformation.
In particular, it must be emphasized here clearly that all the pressures currently being exerted on the Central Bank to change the exchange rate are not a solution to address the liquidity shortage, but rather an interference in its independence and an abolition of its role and responsibility in its tasks and objectives as stated in its Law No. 56 of 2004, which is in force.
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THE IRAQI DINAR: STABLE AND CONSISTENT
Amidst the analyses and speculations circulating that raise questions about the fate of the national currency, official facts and data confirm that talk of any change in the exchange rate of the Iraqi dinar is nothing more than speculation that is not based on any sound economic foundation.
(Again, they are talking about a devaluation when they mention ‘change in the exchange rate. NOT what we are looking for.)
Through a careful reading of the economic reality and the official statements of the Central Bank of Iraq, it becomes clear that the stability of the exchange rate is the fixed strategic option that is being defended with effective monetary tools and a huge balance of foreign reserves.
The Central Bank of Iraq places the stability of the exchange rate at the heart of its priorities, in accordance with the law that governs its work and aims to ensure price stability. The bank’s statements were clear and decisive in denying any intention or the existence of any serious study to reduce the value of the dinar, as such a decision has no economic justification in the current circumstances.
The facts on the ground speak for themselves clearly: huge foreign reserves exceeding $95 billion form a protective shield that ensures hard currency liquidity and covers all external strengthening needs of the national economy.
The Central Bank’s firm policies have also proven effective in maintaining the stability of the official and parallel exchange rates, as they have succeeded in narrowing the gap between them significantly, supported by the flow of oil revenues, which constitute a stable source of hard currency. This stability in the exchange rate has been a key pillar behind achieving low inflation rates, the lowest in the region, which has contributed to protecting the purchasing power of citizens and maintaining stable living conditions.
The Central Bank remains vigilant against all rumors and ill-considered analyses aimed at undermining confidence in the national currency and creating market instability. It possesses all the necessary regulatory and financial tools to counter such attempts and maintain the stability of the dinar. Exchange rate stability is not merely a number on a screen; it is the cornerstone of the stability of the entire national economy and a guarantee of sustainable development and investor confidence.
In conclusion, the future of the Iraqi dinar is shaped by a strong economic reality and a wise monetary policy that refuses to be swayed by any pressures or rumors, stressing that stability is the most prominent theme in the coming period.
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IRAQ IS REVIVING THE THREE-YEAR BUDGET EXPERIMENT; THE MINISTRY OF PLANNING HAS BEGUN DISCUSSING IT IN PREPARATION FOR PRESENTING IT TO DECISION-MAKERS.
The Ministry of Planning discussed on Thursday the budget for the next three years (2026–2028) in preparation for presenting it to decision-makers.
The ministry stated in a statement received by (Al-Rabia) that it “held a meeting today, Thursday, to discuss the preparation of the budget for 2026 and the next three years (2026–2028), chaired by the Director General of the Sectors Planning Department, Basim Dhari Mahmoud, and the Director General of the Government Investment Programs Department, Tahseen Mahmoud Muthanna, with the participation of representatives of the relevant departments in the ministry.”
She added that “the meeting addressed the preparation of the final drafts of the budget for ongoing and new projects, in addition to the current budget. Ongoing and new loans, proposed projects, the Chinese framework agreement, and a review of suitable scenarios for preparing the 2026 budget were also discussed, in preparation for presenting it to decision-makers for approval.”
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HOSHYAR ZEBARI: AL-SUDANI HAS A GOLDEN OPPORTUNITY TO BOOST HIS CHANCES OF RUNNING FOR A SECOND TERM.
On Thursday, Hoshyar Zebari, a leader in the Kurdistan Democratic Party, asserted that Prime Minister Mohammed Shia al-Sudani has a golden opportunity to secure a second term .
Zebari said in a post on the “X” platform, which was reviewed by “Mail”, that “the attack by militia factions yesterday on the Kormor gas field in Sulaymaniyah with Grad missiles launched from the Tuz Khurmatu axis to sabotage the region’s economy and infrastructure confirms once again that the government does not control it .” He added, “The Sudanese government has a golden opportunity to impose its control, punish the guilty, and enhance his chances of running for a second term.”
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THE ELECTORAL COMMISSION ANNOUNCES THE DATE FOR SENDING THE ELECTION RESULTS TO THE FEDERAL COURT.
The Independent High Electoral Commission announced on Monday that it had completed all procedures for appeals against the election results and sent them to the judicial body. It also set a date for sending the results to the Federal Court. The head of the commission’s media team, Imad Jamil, stated in a statement to the official agency that “sending the complete election results to the Federal Court for ratification will take place after the judicial body has finished considering all the appeals.”
Jamil explained that “the Commission has completed all appeals and submitted its recommendations regarding them,” indicating that “the work is now with the judicial body, which cannot be restricted to a specific period of ten days, as some appeals include technical or legal procedures that require them to be returned to the Commission for clarification or to complete the required technical procedures.”
He added that “the judicial body will be bound by the legal period of ten days, after receiving the last appeal from the commission and completing the procedures related to it.”
He also pointed out that “the judicial body is continuing to perform its work, and that a group of appeals that reached the commission have had the recommendations of the Board of Commissioners approved regarding their response.”
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A LEADER IN THE AZM MOVEMENT: MUTHANNA AL-SAMARRAI IS THE MOST LIKELY CANDIDATE FOR SPEAKER OF PARLIAMENT.
A leader in the Al-Azm Alliance suggested on Sunday that the alliance’s leader, Muthanna al-Samarrai, is the most likely candidate to obtain the position of Speaker of the next House of Representatives, ruling out the return of former Speaker Mohammed al-Halbousi for several reasons.
The leader of the coalition, Issa Al-Sayer, told Shafaq News Agency that “the behind-the-scenes meetings and dialogues of the National Political Council of the Sunni component revolve around the nomination of the next Speaker of Parliament, and according to the data, a new candidate will be nominated for the presidency of the next parliamentary session,” noting that “the closest is the leader of the Azm Alliance, Muthanna Al-Samarrai.”
Al-Sayer ruled out Al-Halbousi’s return to the presidency of the legislative authority “for multiple reasons,” which he declined to elaborate on.
He explained that “more than one candidate will compete for the presidency of the parliament, including Mohammed Nouri Al-Karbouli in addition to Muthanna Al-Samarrai.”
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TRUMP’S ENVOY RECEIVES PRESIDENTIAL DIRECTIVES REGARDING THE IRAQ FILE
US President Donald Trump’s envoy to Iraq, Mark Savaya, announced that he had received presidential directives regarding the Iraq file, during the Thanksgiving celebration.
“I was honored to receive the directives for the Iraq mission from the Commander-in-Chief,” Savaya said in a post on the X platform on Friday, November 28, 2025.
He added, “It was a pleasure meeting you, Mr. President, and it was truly an exceptional way to celebrate Thanksgiving.”
Trump’s envoy to Iraq, vowed to pursue and hold accountable the armed groups that targeted the Kor Mor gas field, describing them as tools of “hostile foreign agendas,” in the first firm response from the Trump administration to the attack. In a post on the “X” platform (formerly Twitter), Savaya commented on last night’s attack, saying: “Armed groups operating illegally and driven by hostile foreign agendas carried out the attack on the Kormor field,” demanding that the Iraqi government “identify the perpetrators and bring them to justice immediately.”
A MESSAGE THAT IS “UNEQUIVOCAL”
President Trump’s envoy issued a stern warning to the armed factions, saying: “Let me be clear and unequivocal: there is no place for such armed groups in a fully sovereign Iraq,” adding a direct American pledge: “The United States will fully support these efforts… Every illegal armed group and those who support it will be pursued, confronted, and held accountable.”
STRONG SUPPORT FOR KURDISTAN
Savaya stressed the firm American position towards the region, affirming that “Washington supports a strong Kurdistan within a unified and stable Iraq.”
The US official urged Baghdad and Erbil to “deepen security cooperation and work closely to protect vital economic and energy infrastructure.”
Trump’s envoy concluded his post by renewing the commitment to help Iraq build its national forces, saying: “Together, we will continue to protect Iraq’s resources, defend its sovereignty, and ensure the security and well-being of all its citizens.”
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INCOME GAP: IRAQ LAGS BEHIND OIL-PRODUCING COUNTRIES DESPITE ITS ENORMOUS WEALTH
(This is what happens when you let Iran, your neighbor steal your wealth along with the politicians. The US is experiencing the same thing but they think that can print endless fiat currency to cover the stolen money.)
The income gap reveals that the per capita share of Iraq does not exceed $5,800, while Qatar and Oman shockingly surpass it, reflecting the failure of oil wealth management to improve the standard of living.
The latest data from the International Monetary Fund reveals an unprecedented gap in income levels within the Arab world. The figures show that the richest Gulf state (Qatar) is ahead of Iraq by more than 1100% in per capita GDP, while the poorest Gulf state (Oman) is ahead of it by 230%. This shockingly shows that Iraqis are effectively living outside the club of oil-producing countries, despite the enormous wealth that their country possesses.
Qatar tops the list with $71,400 per person annually, while Iraq stands at only $5,800, a very low position compared to oil-producing countries, revealing a deep flaw in the conversion of natural resources into economic prosperity.
IRAQ IS OUT OF THE OIL CLUB.
According to the index, even economically unstable countries like Libya ($6,900) and Algeria ($6,100) outperform Iraq.
Oman (the poorest of the Gulf countries in terms of income) is also ahead of it by more than three times, with a share of $19,100 per person.
In contrast, Iraq only surpasses countries with limited resources such as Jordan, Morocco, Tunisia, and Egypt, which places it in the category of a “middle-income economy” despite its enormous oil and human potential. Iraq possesses:
- One of the world’s largest oil reserves
- Annual revenues exceeding $100 billion
- A huge young and productive workforce
However, the per capita share does not reflect this wealth, indicating a clear imbalance in resource management, weak productivity, and the dominance of unproductive activities.
Three clear economic messages…
1. The failure to utilize oil revenues for the welfare of the citizen, due to the almost complete dependence on rentier economy.
2. The dominance of the public sector and the inflation of operating expenses at the expense of investment.
3. The absence of a diversified economy capable of creating added value and real income for the individual.
What does this mean for the Iraqi citizen?
Thus, Iraq’s ranking reveals that economic growth does not reach the lives of citizens , and that the standard of living does not represent the true wealth of the country. It also places the next government before the responsibility of restructuring the economy and transforming natural wealth into actual development (if it has the ability and will to do so).
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THE CENTRAL BANK WARNS THOSE SPREADING RUMORS ABOUT THE DOLLAR EXCHANGE RATE.
The Central Bank of Iraq confirmed that there is no intention to change the official exchange rate. While noting that the rumors that are spread from time to time aim to speculate in the parallel market, it pointed out that its monetary policy has succeeded in curbing inflation, as evidenced by international recognition.
Alaa Al-Fahd, a member of the Central Bank’s media office, said, “There are parties trying to fish in troubled waters and spread rumors and false news that are outside the Central Bank’s jurisdiction in order to raise exchange rates in the parallel market,” explaining that “the Central Bank always defends monetary policy and the general price level.”
Al-Fahd added that “inflation rates in Iraq have reached, according to international testimony (the IMF and the World Bank), low and historic rates compared to the countries of the region, and have even reached the negative rate, which is happening for the first time and is considered an achievement for monetary policy in preserving purchasing power, especially for the poor classes.”
He explained that “the Central Bank continues to finance foreign trade with high smoothness, while diversifying the basket of foreign currencies (Chinese yuan, UAE dirham, Turkish lira), as well as shifting from the electronic platform to strengthening balances through direct correspondence with global banks,” stressing that “these measures have achieved clear monetary stability.”
Regarding the difference between the official and parallel market rates, Al-Fahd explained that “the price in the parallel market does not reflect the real demand for the dollar, but rather represents an illegal and unofficial demand for speculation, since the Central Bank covers the legitimate demands for financing trade and travel,” noting that “any talk about changing the exchange rate issued by non-experts aims to confuse the public.”
Al-Fahd stressed that “determining the exchange rate is the exclusive prerogative of the Central Bank according to the legal article in Law No. 56 of 2004, and despite coordination with the government and the Ministry of Finance, the technical opinion of the Central Bank at this stage does not support any change or increase in the exchange rate due to the stability achieved in monetary reserves and price levels.”
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THE GOVERNOR OF THE CENTRAL BANK OF IRAQ PARTICIPATES IN THE ARAB BANKING CONFERENCE 2025
The Union of Arab Banks organized He noted that Iraq is moving steadily towards building a strong and modern banking sector, capable of leading financial and economic transformation by enhancing monetary and financial stability and strengthening the banking sector’s capabilities to be more supportive of sustainable development. This will be achieved by relying on the best management and governance standards, and by transitioning towards digitalization and financial and technological innovation. He stressed the importance of consolidating financial inclusion and ensuring the integration of the financial system with the formal economic cycle.
His Excellency explained that the Central Bank continues to work on implementing a multi-year strategic vision aimed at supporting local and foreign investment and enabling the banking sector to play its vital role in developing the national economy. In closing, His Excellency expressed his gratitude to the Union of Arab Banks and the organizing bodies, stressing the Central Bank of Iraq’s commitment to strengthening cooperation with Arab brothers and developing a more stable, growing and innovative financial environment.
Central Bank of Iraq,
Media Office,
November 27, 2025
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SAVAYA: BIG CHANGES ARE COMING TO IRAQ
US President Donald Trump’s envoy, Mark Savaya, announced on Sunday that he will arrive in Iraq within the next two weeks, confirming that he carries “a special message from President Trump to the leadership in Iraq and the Kurdistan Region.”
“Big changes are coming in Iraq, and from now on everyone will see actions instead of words,” Savaya said in a press statement, indicating Washington’s seriousness in taking concrete steps toward the outstanding issues.
Earlier today, Savaya confirmed via the “X” platform that the world views Iraq “as a country capable of playing a larger and more influential role in the region, provided that the issue of weapons outside the framework of the state is completely resolved, and the prestige of official institutions is preserved.”
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SAVAYA: I WILL ARRIVE IN IRAQ WITHIN THE NEXT TWO WEEKS.
Mark Savaya, the special envoy of US President Donald Trump, announced that he will arrive in Iraq within the next two weeks, revealing that he is carrying “a special message from President Trump to the leadership in Iraq and the Kurdistan Region.”
In a statement to Rudaw Media Network, which was followed by “Dijlah News”, Savaya pointed to changes taking place in Iraq, saying that “big changes are coming in Iraq, and from now on everyone will see actions instead of words.”
Earlier today, Savaya said on the X platform that the world will now view Iraq “as a country capable of playing a larger and more influential role in the region, provided that the issue of weapons outside the framework of the state is fully resolved, and that the prestige of official institutions is preserved.”
He argued that Iraq now has “a historic opportunity to close this chapter and enhance its image as a state based on the rule of law, not on the power of weapons.” Trump’s envoy warned that Iraq today stands “at a crucial crossroads; either it moves towards independent institutions capable of enforcing the law and attracting investment, or it returns to the cycle of complexity that has burdened everyone.”
On October 19, 2025, US President Donald Trump announced the appointment of Mark Savaya, who was a key figure in his election campaign, as special envoy to Iraq.
Savaya: I will arrive in Iraq in two weeks… Big changes are coming and the proliferation of weapons outside the country must end.
Mark Savaya, the envoy of US President Donald Trump, announced on Sunday (November 30, 2025) that he will arrive in Iraq within the next two weeks, confirming that he carries “a special message from President Trump to the leadership in Iraq and the Kurdistan Region.”
In press statements followed by “Baghdad Today”, Savaya said, “Major changes are coming in Iraq, and from now on everyone will see actions instead of words,” in reference to Washington’s readiness to take concrete steps towards the outstanding issues.
Earlier today, Savaya confirmed via the “X” platform that the world views Iraq “as a country capable of playing a larger and more influential role in the region, provided that the issue of weapons outside the framework of the state is completely resolved, and the prestige of official institutions is preserved.”
He added that Iraq currently has “a historic opportunity to close this chapter and enhance its image as a state based on the rule of law, not on the power of weapons.”
The US envoy warned that Iraq today stands “at a crucial crossroads; either it moves towards independent institutions capable of enforcing the law and attracting investment, or it returns to the cycle of complexity that has burdened everyone.”
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A GOVERNMENT STRIPPED OF FACTIONS: THE AMERICAN CONDITION CLASHES WITH THE WILL OF THE IMF IN BAGHDAD.
All eyes in Baghdad are on the crucial behind-the-scenes maneuvering to form the next Iraqi government, amid unprecedented American pressure.
For the first time, Washington is so explicitly demanding a “non-factional government” as a prerequisite for international recognition of the legitimacy of the entire political process, linking this condition to future economic and security support for Iraq.
The winning political forces, foremost among them the Coordination Framework, the Sadrist Movement, and the Sunni and Kurdish alliances, are continuing intensive negotiations at the presidential and parliamentary headquarters, but they are encountering a solid American obstacle.
According to sources, the US administration, through direct and indirect diplomatic channels, informed a number of political leaders of its categorical rejection of any figure openly associated with armed factions assuming sovereign positions, security ministries, or even some sensitive service ministries.
Washington believes that Baghdad’s commitment to this red line will definitively determine Iraq’s position in the upcoming regional equation, especially in light of escalating tensions with Iran and Israeli concerns about any strengthening of the “axis of resistance’s” influence within state institutions.
According to the information circulating, the United States seeks to establish a new political environment completely free of the dominance of armed factions over executive decision-making, even if they remain represented in parliament.
This American demand clashes with an electoral reality that cannot be ignored: the political blocs affiliated with the factions have won dozens of seats in the new parliament, reflecting the will of a broad electorate in the central and southern regions.
This duality creates a deep tension between the will of the IMF on one hand, and the will of the major international power on the other, and puts Iraqi political forces before a difficult choice: either to accept Washington’s conditions and risk the anger of their popular base, or to proceed with forming a government that respects the election results and exposes Iraq to possible diplomatic and economic isolation.
(All I can say is Hurray! Hurray! And Hurray! again and it’s about time the US put Iran in its place and got them out of Iraqi politics. 😊 )
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IN COOPERATION WITH THE ASSOCIATION OF PRIVATE BANKS, THE FIRST PHASE OF THE “PULSE OF MOSUL” PROJECT HAS BEEN LAUNCHED.
Prime Minister Mohammed Shia al-Sudani launched the first phase of the “Pulse of Mosul” project on Sunday.
The Prime Minister’s Media Office stated in a statement received by “Wadih” that “Al-Sudani launched the (Pulse of Mosul) project, which aims to rebuild the alleys and neighborhoods of the old city of Mosul, inspired by the (Pulse of Baghdad) project, which included the rehabilitation and maintenance of the old areas of Baghdad.”
The statement added that “this came during the Prime Minister’s chairmanship of a meeting attended by the Governor of Nineveh, representatives of the Association of Iraqi Private Banks, a number of advisors to the Prime Minister, and heads of relevant departments in Nineveh, during which the stages of the project and the archaeological and heritage areas that will be targeted were reviewed.”
Al-Sudani pointed out during the meeting the importance of the “Pulse of Mosul” project in reviving the heritage of the ancient city, to be an important tourist gateway and enhance its historical and heritage status.
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POLITICAL ANALYST: WASHINGTON CONTROLS 90% OF THE GOVERNMENT FORMATION DECISION… AND THE COORDINATION FRAMEWORK AWAITS SAVAYA’S CONDITIONS.
Political analyst Rafed Al-Atwani said that the coordination framework is experiencing a “clear state of anxiety” regarding its political future, noting that the parties within it “are still unable to agree on an alternative to Mohammed Shia Al-Sudani,” and that all the names being circulated “are subject to change and are awaiting the opinion of the American envoy, Mark Safiya.”
Al-Atwani explained in an interview with “Al-Manassa Al-Jarida” that the framework is almost convinced that “the formation of the next government and the selection of the prime minister will be subject to the conditions of Safaya,” noting that this reality “puts his political future at stake and pushes him to avoid the risk of putting forward a controversial figure.”
He added that Iran also “does not currently want to engage in a confrontation with the United States,” and that it seeks “calm in order to preserve its political and ideological presence within Iraq” in light of escalating American pressure.
Al-Atwani pointed out that some armed factions have begun to show “unprecedented flexibility” in dealing with these changes, which, in his opinion, reflects “the shrinking of the framework’s options in favor of a new political equation in which the United States will be the most influential player, by up to 90%.”
Al-Atwani concluded by saying that announcing a new prime minister “will be a very difficult task for the framework,” suggesting that the state of waiting will continue until Washington’s requirements become fully clear.
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THE CENTRAL BANK POSTPONES THE REQUIREMENT FOR PRIOR CUSTOMS DECLARATIONS UNTIL 2026 AND EXEMPTS FOUR GOODS FROM THE DECISION.
The Central Bank of Iraq postponed on Monday the requirement for companies wishing to purchase dollars for importing goods to submit a prior customs declaration until January 2026, with the exception of four specific commodities for which the requirement remains mandatory. This postponement comes after the General Authority of Customs had previously announced that the procedure would be implemented starting Monday, December 1, 2025.
The Central Bank, in an official letter to licensed banks yesterday, Sunday (November 30), directed the suspension of the prior declaration requirement until (January 1, 2026), while maintaining its mandatory nature from December 1 of this year for the import of gold and jewelry, mobile phones, cars, and refrigeration equipment.
According to the decision, the application of the prior declaration for companies importing the rest of the goods will be optional until the beginning of 2026, and will become mandatory after that date, while the bank excluded materials that arrived at the border crossings before December 1 and the financial transfer procedures were not completed according to the invoice or commercial contract.
The General Authority of Customs had begun on November 25 to implement the procedure that requires companies to pay customs duties in advance and inform the Central Bank through the ASYCUDA system to allow the entry of goods, which led to difficulties faced by companies in the Kurdistan Region, as the region does not operate under this system.
In this context, Sami Jalal, advisor to the Minister of Interior in the regional government, said in press statements followed by the “Iraq Observer” agency, that “the Kurdistan Region is not part of the ASYCUDA system, and we will be in negotiations with Baghdad regarding pre-clearance customs to resolve this issue by the new year.”
Companies in Iraq and the region benefit from the official dollar exchange rate set by the Central Bank at 131,000 dinars per 100 dollars, as part of measures to regulate import financing and control border crossings.
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Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the 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
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