MNT GOAT: 💸🌍 “Dinar De-Dollarization? CBI’s Big Moves Signal Global Reentry”

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💸🌍 “Dinar De-Dollarization? CBI’s Big Moves Signal Global Reentry”

📅 Mnt Goat Breakdown | August 2025

🏛️ ARTICLE 1: “Next Iraqi Gov Will Change Dollar Exchange Rate”

🗣️ An economist predicts the incoming Iraqi government will adjust the USD/IQD exchange rate, and for good reason:

💬 Quote:

“The salary bill accounts for the largest portion of oil revenues, leaving little for infrastructure or services.”

📉 Iraq’s oil dependency is draining its economy. With most of the nation’s income going to public sector salaries, there’s almost nothing left for growth.

🇺🇸 That’s why the U.S. is pressuring Iraq to diversify its economy

Read also: Prepare for your GCR Exchange/Redemption Appointment

and break its sole dependence on oil and the petro-dollar.

🔗 The bigger issue:
The dinar is pegged only to the dollar, and that can’t last.

💼 According to Mnt Goat:

“The IMF already has a basket of currencies ready for a new peg.”
But Iraq can’t switch to that basket until the dinar is globally traded — which means:
➡️ REINSTATEMENT (RI) must come first.

💱 ARTICLE 2: “Foreign Transfers Proceeding Smoothly”

🏦 CBI Governor Ali Al-Alaq confirms:

“Nearly all major currencies are covered... foreign exchange transactions are proceeding smoothly and with high fluidity.”

📦 This means that Iraq’s foreign correspondent banking system is now fully functional — a massive milestone!

✅ These channels are crucial for:

Paying for imports
Participating in global trade
Meeting IMF standards
Supporting a new currency peg

🧠 If Iraq can now move money globally, peg to multiple currencies, and reduce dependence on oil... the stage is nearly set for global currency reinstatement.