ABOUT THE NEWSLETTER:
March 6, 2025 Mnt Goat News Brief
Guten Tag everyone:
I have some VERY IMPORTANT! 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.
You have to realize that in Iraq it is an uphill battle to overcome the entities that do not want Iraq to progress and mover forward. We have witnessed this constantly now since we got into this investment. I have presented so much evidence to you to show you what is really going on behind the scenes in Iraq and now actually coming out in the open. Remember the prophets told us that everything will be exposed and so it is. But with exposer, justice is also coming.
I recommend $10 dollars a month or whatever you can afford. Do you realize I write eight (8) Newsletters every month. I have to investigate the news, 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…. Enough said….. The future of the Newsletter depends upon all of you.
Let’s all try to chip in!
Matthew 10:42
“And if anyone gives even a cup of cold water to one of these little ones who is my disciple, truly I tell you, that person will certainly not lose their reward.”
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STATUS OF THE RV
There is not much new news this period but what we have is all fantastic and right inline what we would expect in this point in time. So, I want to cover this fantastic news first and to do it we must remember what has been going on from the past moves of the Central Bank and the U.S. to finally break the parallel market. Them I want to move on to the good news for today so we can connect the dots and see the significance of a very recent news and how it fits into the past.
😊You can get a sense of the actions the CBI has taken to monitor and manage its currency since 2003 in the article titled “EVALUATION OF THE CENTRAL BANK’S JOURNEY IN 22 YEARS”. Wow its been 22 years already since the 2003 invasion and overthrow of Saddam Hussein and the implementation of the cursed currency auctions and the dependency of the U.S. dollar by dollarization of imports to Iraq. But as you read the article you can clearly see all the measures the CBI has take and the long road battle to get their currency back. I mean of course the dinar and break from the dollar. We have witnessed tremendous success and movement in this direction just in the last couple years. The latest moves to de-dollarize came with the use of correspondent banks, the US cutting of paper cash US dollars and forcing electronic banking. Then just recently the CBI cut off getting cash US dollars from outside Iraq using the debit cards.
😊Then as investors we all stood by waiting and watching. Could the CBI finally break the parallel market and bring the US dollar inline with the “official” CBI price of the dinar? Back then my CBI contact said this might take some time to do and she used the term “slowly”. Remember I told my readers we must be patient. Then in a couple of my recent past Newsletters they talked about this slow decline of the US dollar pricing and the dinar gaining. Then just this week yet another article with fantastic news is telling us they are winning the battle finally with breaking the parallel market and this is the article I want to concentrate on now. The article is titled “GOVERNMENT ADVISOR: ELECTRONIC PAYMENT ENHANCES DINAR STABILITY, SHRINKS PARALLEL MARKET”.
In the article the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the public’s increasing conviction in using electronic payment cards for travel purposes or paying dues to small companies has achieved great success in reducing the size of the parallel market for the US dollar, which has contributed to its gradual decline. It is explained that “the modern monetary policies that were recently implemented have proven their effectiveness in achieving financial and economic stability, as annual inflation rates have decreased to levels not exceeding 3%, which reflects the strength and stability of the Iraqi dinar against foreign currencies.”
The financial advisor also pointed out that “the new monetary policy tools adopted by the Iraqi government, in cooperation with the Central Bank, have directly contributed to directing cash liquidity towards official channels, which has enhanced public confidence in the dinar and led to a reduction in informal transactions in the dollar.”
Saleh stressed the importance of continuing efforts to enhance the use of electronic means in financial transactions. Is this not what we been reading in countless articles. Yes, the use of electronic means to eliminate CASH which can be sold on the black market (parallel market) at a premium and then most of it ends up in Iran anyway.
Given electronic banking and its pivotal role in supporting the national economy and combating illegal practices associated with the parallel currency market don’t you think this has been all along something we should concentrate on and follow closely. This wis why we have been following it so closely and did not concentrate so much on a lot of the other jibber jabber nonsense of the budget and other meaningless events many of these so-called intel gurus tried to sucker you into follow for their every day/ any day RV scenarios and bank stories.
😊I want to bring up another VERY IMPORTANT topic too. The topic is fighting inflation. If you look at the Dr Shabibi plan to get to the reinstatement you can clearly see the he planned to put the brakes on after each step, then monitor closely for inflation. In our first article today, we see that in 2003 after the 10-year embargo and sanctions on Iraq, the inflation rate was rampant in 2003, which exceeded 35% and today it is only 2.8%. Only 2.8%? Yes, only 2.8% and this is fantastic and amazing news since this is way in line with acceptable inflation rates for country, according to the IMF. Check out this article titled “INFLATION’S FREEFALL: IRAQ HITS 2.8%, ECONOMIC HOPES SOAR”. Announced by the CBI on Wednesday that Iraq’s annual inflation rate has dropped to 2.8% in the fourth quarter of 2024, down from 4% a year earlier. Folks the process is working……. 😊 😊 😊
Now let me joggle your memory a bit. What has the CBI told us many times is their main responsibility? Did they not tell us it was to manage the currency and monitor the inflation rate? Why is this so important then to get to 2.8% inflation only? Well, well today we confirm once again why this has been so important and still is. Saleh in this article stressed that these achievements come within the framework of “a comprehensive strategy aimed at achieving sustainable financial stability and enhancing the confidence of citizens and investors in the future of the Iraqi economy”, calling on all segments of society to engage more in the use of electronic payment tools in the interest of the national economy. Again Saleh emphasizes the use of electronic payment tools and no cash.
So in our conclusion today, what we all we should do now, as investors, is monitor the monitors, lol..lol..lol.. and watch this all play out. Just give it some time. They are almost there. Folks they are telling us they nearly broke the parallel market and is this not what my contact told us had to happen and if they could get the rate of the dollar of this parallel market down or very close to the “official” CBI rate, we would see the triggering of the “official” rate going even lower and for us this means more value to the Iraqi dinar. Yes, the in-country revaluation close to a buck we have been waiting for. This then would allow the kickoff to the Project to Delete the Zeros. No, my CBI contact, as part of the committee to head off this project, is not yet back on this effort, but she has told me all is going as planned and finally “real” success can be seen. She emphasized “real” and sounded very glad that finally the efforts of the CBI are showing substantial success. But remember unlike how many of us investors think we go off half-cocked wanting everything now and have it our way. This is not how it works. We are not in control. Yes, we had a huge disappointment from last December through January hoping they could break the parallel market quickly by just using the correspondent banks and doing away with the currency auctions. However, this strategy alone did not work and fix it entirely so they moved on to other strategies, which are now working.
What else is in the news?
Next, I want to take another peek at the article by Samir Al-Nusairi titled “EVALUATION OF THE CENTRAL BANK’S JOURNEY IN 22 YEARS”. I want to pay attention especially to the part when it talks about going forward in future strategies. They talk about what they plan to do for the next 2 years. Will we have to wait for two years for the RV? I don’t think so but we don’t control it rather only follow the REAL news and where it takes us. I certainly also hope the US can finally breaks Iran leadership and the overthrow this insane terrorist dictator and supreme Ayatollah Ali Khamenei. So, in this article it talks about another phase of the strategy is about to be implemented. Why would they begin yet another phase if not finished with the previous one? What is this new strategy?
The third strategy identified the main goals with 7 goals, 24 sub-goals and 75 initiatives to achieve the main and sub-goals and charted the path for banking and financial reform. I am not going to list them as you can go read the article for yourself. But I do like the 6th and 7th goals which I quote “Enhancing the position of the Central Bank locally and internationally” and “Enhancing compliance of the banking sector and the non-banking sector in line with international standards”.
I especially liked the part as the article goes on to say “strengthening the bank’s internal and external relations, and representing it locally and internationally.” So this is telling us there is still work to be done in this area.
They then go on to tell us that “What has been presented accurately and transparently for the 22 years of the financial and banking reform process confirms that the next two years will inevitably result in the transition to a comprehensive and radical reform of the Iraqi banking sector and transforming it into a solid sector.”
Folks, its all in the words of these articles today as they are packed full of good information. These next 2 years are going to be amazing. I firmly believe that within these next years we will see the reinstatement. Whether they do decide to go with a digital currency in the timeframe I do not know. This would seemingly bypass the Project to Delete the Zeros as there would be no necessity to do it. But we also know that they have talked and talked about the Project to Delete the Zeros for so long and my contact still says they plan to do it. So go figure.
Again, note I did not say we had to wait the full two years to fully implement this new strategy. There could be a benchmark with the strategy where they say they are ready and the US finally gives approval. I only report on progress and give you an HONEST & TRUTHFUL updates twice a week. You do want to know the TRUTH don’t you? So, what is the motto of this blog? Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!
Q & A
Question from Suki:
Hello Mountain Goat,
I hope you had a wonderful weekend. I have a question, if the UST and Iraq want controll over thier currency, wouldn’t putting the IQD back onto the Forex allow more control. It seems to me then there would be a place of reporting to as to where the money goes And the black/parallel market would automatically cease to exist. Especially now that they’ve gone digital. Is this correct?
PS. I do not read the gurus. I learned a while back not to do that, it only creates doubt and disappointment.
Thank you
Suki
Answer from Mnt Goat:
Guten Tag Suki. Hope all is well with you. Glad you are staying away from all the garbage intel out there these days from the so-called gurus. Thank you for the excellent and intelligent question. As usual there is no short cut answer and so I am going to give it all to you.
You are correct in your analysis that, as far as Iraq and the US dollar goes, the reinstatement of the dinar could theoretically solve many problems. You know it, I know it and the CBI knows it and so why don’t they do it? The only reason at this point in time they do not reinstate the dinar, is all just politics and corruption and nothing else. Believe me there it NOTHING else for Iraq to do in banking reforms, insurance or the stock market. It is all set and in place.
To reinstate, they will need the Project to Delete the Zeros first, but the finance committee and parliament must pass a ruling for the CBI to do it. To get around this they are thinking about a Digital Currency, as we read in recent Newsletter. This would bypass the necessity to do this Project to Delete the Zeros. Can you see the struggle the they are in to free their currency?
Also, the U.S. is the main player in Iraq as they spent billions in resources and lives in the two wars. So, they are using this reinstatement event as leverage as long as they can. There is no hurry for these U.S. politicians as, I said many times already, they exchanged already in late 2012-early 2013 and so don’t give a shit about us investors.
Meanwhile Iraq suffers and we investors suffer. Iraq is intended by the US to jump through hoops to end the corruption with the dollar, meanwhile the solution stares them in the face. I know it is a sad situation and so when I say Al-Sudani is fighting an uphill battle this is what I mean. How much longer can they go until the US releases the dinar? Well…they already set the bar and it’s getting the dollar equal to or close to the “official” rate from the Central Bank. They also told us they need to resolve the issues with Iran. So there we have another set of criteria, yet another hoop to jump through. When they complete these tasks, what is next? Will they finally release it? We won’t know until we get there.
What comes first the chicken or the egg. That is the game they are playing. I know it is weird and I hate this situation but that’s the game the U.S. is playing with Iraq. Meanwhile the United Nations has come out vocally and said the dinar should be reinstated and all DFI funds returned to Iraq. But we can’t control it. It is being done to isolate Iran and finally break that country. I was hoping President Trump, who claims to work out of “common sense” will drive this home for Iraq. Let’s see what happens. It is still a bit early in his administration to tell.
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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 and “The Big Call” idiots.)
- Don’t over speculate and set unjustified expectations
I know the path to this reinstatement and I don’t have to speculate or guess.
If you are a faithful follower of my blog, then you clearly should be able see I have NEVER misled you on the information. How can I say this? It is because I show you evidence and FACTUAL information not some make-believe fairytale bank stories, or lies that four letter agencies are talking to me, because there aren’t and I don’t care what the hell they are saying anyway. None of this ridiculous NESARA or GESARA bullshit either. Get it? Stay away from all this crap. It is an illness that has spread throughout our dinar investment community. It is easy to lie and make up stories but much, much harder to spend the time translating articles and applying them to what is really going on. Yes, giving you proof not rumors. We must stay grounded as this RV is coming to a closure and there is not much longer to wait.
Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!
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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.
From God to the PROPHET: Julie Green
“ Explosive Reports Are Coming That Will Dismantle The Intelligence Community’s Control Over This Nation”.
Prophecy begins at the 26:57 mark. From March 1st.
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PROPHECIES FULFILLED: How do we gauge the prophecies? Are they really a voice from God? So at time we step back and analyze what happened and compare to the prophetic words spoken.
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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!
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IN CASE YOU MISSED IT: TRUMPS FULL ADDRESS TO CONGRESS.
ANOTHER SIGN OF THE FULL TRANSPARENCY OF HIS ADMINISTRATION.
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NOT REVENGE! – JUST COMMON SENSE.
Will the voters in his district eject him from politics? CONGRESSMAN AL GREEN GETS DEVASTATING CAREER NEWS AFTER BEING REMOVED FROM TRUMP’S SPEECH.
Urgent: March 5, Al Green to be censored by Congress for his actions at Trump’s speech.
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WHAT MOST MISSED FROM TRUMP’S SPEECH
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A DEEPER LOOK AT THE TRUMPS FULL ADDRESS TO CONGRESS.
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TRUMP EXPECTED TO SIGN EXECUTIVE ORDER BEGINNING THE PROCESS OF ABOLISHING THE DEPT OF EDUCATION.
If you have to ask why he is doing this you better go back and do some research as to the waste and connections of this dept in the past to UNESCO and how it was taking orders to mold the education of our children to accept this woke One World Govt agenda ideology. Bottom line is this- if you turn the education curriculum of the schools back to the states and local communities then why do you even need a federalized dept of education? We have to be very careful on not following the Nazi like pattern of using our schools as government agenda indoctrination centers but rather stick to teaching real history, sciences, reading, writing and arithmetic skills. The global statistics shows that today the average American student in elementary and high school can barely read and do basic math.
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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.”
The rosaries for me is my way to pray and has had a significant impact on my life. It has meant many miracles for me and my family. It can be for you too, and the Blessed Immaculate Mary asks that we pray “faithfully” each day. Jesus prayed too to the Father while he was alive. You can also pick your own personal prayers, as the rosary is just my choice, and I just wanted to share it with you. Just look at the past election and within this short period of time since so far what exposure has taken place. This is the start of God’s glory being manifested again on the U.S. Why is he so good to us in spite of the wickedness by many? It is because there are many of us who still worship him, pray and ask for our salvation. We are the prayer warriors for God. Yes, these are the people holding this country together. Will you decide to join us too?
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:
Pray the Daily Prayers To Save Our Country
Order the official prayer book, read or listen online, or print them out. Just click on the prayer book below.
A National Prayer Movement
for God’s Help
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GOVERNMENT ADVISOR: ELECTRONIC PAYMENT ENHANCES DINAR STABILITY, SHRINKS PARALLEL MARKET
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the public’s increasing conviction in using electronic payment cards for travel purposes or paying dues to small companies has achieved great success in reducing the size of the parallel market for the US dollar, which has contributed to its gradual decline.
Saleh explained in a statement to {Euphrates News} agency, that “the modern monetary policies that were recently implemented have proven their effectiveness in achieving financial and economic stability, as annual inflation rates have decreased to levels not exceeding 3%, which reflects the strength and stability of the Iraqi dinar against foreign currencies.
The financial advisor pointed out that the new monetary policy tools adopted by the Iraqi government, in cooperation with the Central Bank, have directly contributed to directing cash liquidity towards official channels, which has enhanced public confidence in the dinar and led to a reduction in informal transactions in the dollar.
Saleh stressed the importance of continuing efforts to enhance the use of electronic means in financial transactions, given its pivotal role in supporting the national economy and combating illegal practices associated with the parallel currency market.
He stressed that these achievements come within the framework of a comprehensive strategy aimed at achieving sustainable financial stability and enhancing the confidence of citizens and investors in the future of the Iraqi economy, calling on all segments of society to engage more in the use of electronic payment tools in the interest of the national economy.
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EVALUATION OF THE CENTRAL BANK’S JOURNEY IN 22 YEARS
Samir Al-Nusairi
Since 2003, the Iraqi economy has suffered from financial and banking challenges and crises due to the difficult and complex subjective and objective circumstances that the country has gone through over the past 22 years. Since the monetary policy of the Central Bank, according to its Law No. 56 issued in 2004, is responsible for achieving economic stability, overcoming the challenges of the financial and monetary system, and addressing the structural imbalance in the economy in the transition from a rentier economy to a real (productive) economy, as well as from a monetary economy to a digital economy.
During the above period, the Central Bank went through four important and basic stages:
First – reducing rampant inflation in 2003, which exceeded 35%, controlling the stability of the exchange rate, building foreign reserves, and controlling the money supply.
Second – overcoming the economic and security shocks in 2014.
Third – addressing the financial crisis during the Corona pandemic in 2020.
Fourth – controlling the exchange rate, regulating foreign trade financing, achieving digital transformation, enhancing financial inclusion, and complying with international standards in 2023 and 2024.
Considering that the Central Bank, in cooperation with the government, has accomplished important steps towards implementing the financial and banking reform methodology and moving towards completing its strategy to achieve the goals according to the roadmap drawn up in 2025,
it is necessary to evaluate and analyze the economic reality over the past 22 years with impartiality and high transparency and identify cases of failure and dysfunction in the productive economic sectors and procrastination in not implementing the economic reform programs that all successive governments have worked on but have not been able to achieve the goals of radical and comprehensive reform for the reasons above. However, the reality of the situation and the reform efforts made in 2023 and 2024 have made us, as specialists, look with hope and optimism at what has been achieved and what is planned to be achieved in the next two years based on what is stated in the third strategy of the Central Bank with its main and sub-goals.
The banking reform steps taken by the Central Bank from 2003 to 2024 addressed the effects of the economic and security shocks in 2014, most notably the 75% drop in global oil prices and the government’s inability to pay employees’ salaries on time. The Central Bank was able to use its foreign exchange reserves and the method of rediscounting treasury transfers to support the government in the amount of 16 trillion dinars, and the crisis was overcome at the time. In 2015, the Central Bank, in light of these difficult economic conditions, began to move to develop its plans for the coming years and draw up a methodology for banking reform and structural, technical and administrative development of the Central Bank. This resulted in the issuance of its first strategy for the years (2016-2020), which included 5 main objectives and 140 sub-objectives, 129 of which were achieved, at a rate of 92%, during the years of implementing the strategy.
It contributed to establishing the basic structures and pillars for moving to a new stage of financial and banking reform, accompanied by the strategic banking projects plan for the years (2019-2023) and the issuance of the second strategy (2021-2023) to complete the achievement of the sub-objectives that could not be implemented in the first strategy, which numbered (11) sub-objectives, during which the government continued to seek help from the Central Bank and obtain (30) trillion dinars, and the total amount owed by the government became (46) trillion dinars. In 2023, the Central Bank worked on studying the achievements of the two previous strategies and diagnosing the foundations of the desired reform.
The efforts to prepare for the third strategy continued throughout 2023, and the foundations and foundations were built to set the goals for this new strategy for the years (2024-2026), which derived its main and sub-goals from the state’s general economic policies and its strategy for financial and banking reform adopted by the government in the government program and from Central Bank Law 56 of 2004. It included programs with clear goals and initiatives for a period of three years in a special, complex economic and financial circumstance fraught with risks and challenges at the level of internal and external economic and financial relations.
The third strategy identified the main goals with 7 goals, 24 sub-goals and 75 initiatives to achieve the main and sub-goals and charted the path for banking and financial reform according to the following strategic goals:
1- Supporting and enhancing monetary stability.
2- Enhancing digital transformation, activating electronic payment and supporting cybersecurity.
3- Enhancing financial inclusion
4- Maintaining a sound financial system
5- Developing the organizational structure and human resource capabilities
6- Enhancing the position of the Central Bank locally and internationally
7- Enhancing compliance of the banking sector and the non-banking sector in line with international standards.
Programs, policies and initiatives have been identified to achieve the goals. Perhaps the most prominent program is the launch of the National Strategy for Bank Lending in Iraq (2024-2029) and the approval of the Council of Ministers to implement it, which will restructure banking financing in Iraq, in addition to leaving the electronic platform and adopting correspondent banks in foreign transfers, protecting the financial system, enhancing financial inclusion, managing monetary and financial stability, developing oversight and supervision, developing regulation in the banking sector, completing the development of the infrastructure for digital transformation, licensing digital banks, implementing regulatory policies in the Central Bank in accordance with the frameworks and technologies adopted in global central banks, raising the capabilities of human resources, developing banking operations, strengthening the bank’s internal and external relations, and representing it locally and internationally.
What has been presented accurately and transparently for the 22 years of the financial and banking reform process confirms that the next two years will inevitably result in the transition to a comprehensive and radical reform of the Iraqi banking sector and transforming it into a solid sector that contributes to sustainable development.
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INFLATION’S FREEFALL: IRAQ HITS 2.8%, ECONOMIC HOPES SOAR
Iraq’s annual inflation rate has dropped to 2.8% in the fourth quarter of 2024, down from 4% a year earlier, the central bank (CBI) announced on Wednesday.
In an official statement, CBI confirmed that core inflation, which excludes volatile food and energy prices, had also declined to 2.5% from 4.5% in the same period of 2023.
“Both headline and core inflation remain within acceptable levels, reflecting price stability and the effectiveness of Iraq’s monetary policy,” the statement read.
The latest figures point to a slower rise in consumer prices, strengthening purchasing power and reinforcing economic stability.
Notably, Iraq has experienced inflation swings in recent years. The annual rate stood at 5% in 2022 before climbing to 6.6% in 2023, driven by currency fluctuations and the impact of the Russia-Ukraine war.
Projections for the coming years remain mixed. An International Monetary Fund report in October 2024 forecast a slight increase to 3.5% in 2025, before easing to 3% by 2029.
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EXPERT: STOPPING THE CURRENCY AUCTION AT THE CENTRAL BANK OF IRAQ IS BEHIND THE RETURN OF THE DOLLAR’S RISE
(Although this article just came out in the news, it is old news and we know the dollar is NOT rising in Iraq. In fact it is declining and as time passes more and more rapidly. But remember there might be some spikes some days but we must look at the overall average over time since CBI strategies were implemented.)
Economic expert Mohammed Al-Hasani suggested on Tuesday that the Central Bank of Iraq’s suspension of holding a hard currency auction is behind the return of the dollar’s price hike in local markets.
Al-Hasani told Shafaq News Agency, “The bank did not publish the currency auction on its website during the past two days, which led to an increase in demand for the dollar in local markets.”
He added that “the increase in demand with the decrease in supply led in turn to the return of the dollar’s rise,” adding at the same time that “this is not without speculation by currency traders.”
The dollar price rose again against the dinar in local markets to reach more than 149 thousand dinars for every 100 dollars, after it had fallen during the past few days to 146 thousand dinars for every 100 dollars.
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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
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