ABOUT THE NEWSLETTER:
March 11, 2025 Mnt Goat News Brief
Guten Tag everyone:
I have some 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!
Proverbs 11:24
“One gives freely, yet grows all the richer;
another withholds what he should give, and only suffers want.”
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More news….
AL-ALAQ: IRAQ HAS ONE OF THE HIGHEST GOLD RESERVES IN THE ARAB WORLD, AT 162 TONS.
The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday, that Iraq has one of the highest gold reserves among Arab countries, amounting to 162 tons.
Al-Alaq told the official agency, which was followed by “Al-Eqtisad News”, that “the Central Bank is closely monitoring the movement of gold and currencies,” noting that “part of diversification to ward off any risks is to have a percentage of gold reserves, especially in recent years there have been continuous purchases.”
(Just more bragging…..where is the revaluation of the currency? When will they stop artificially suppressing the dinar? )
STATUS OF THE RV
In opening my commentary today on the status of the RV, I want to say that this “Latest Mnt Goat Newsletter” BLOG is my information. There is no other site including YouTube or others that represent me. I do not post any of my information on any other site. Don’t be fooled! Let’s stick to the FACTS. Rumors are Mnt Goat said the RV occurred. I did not say this, just so you know.
Many take my information and use it for their own monetary gain. They take it out of context and twist the facts to suit their own warped, fake reality. Since they have not done any research as they are either not mentally capable or are just too lazy. Instead they only speculate at best what is happening in Iraq. I don’t want to get caught up in their FAKE news or lies. So, be careful of whom you listen to. My blog is open to all to view. There is no LOGON Accounts or standard subscription fees. I post all the article here for everyone to freely read for yourself. There is no backroom “special” place for the juicier articles with a special fee. I want to leave it that way, if possible.
☹ I have to come on today to first clarify yet another intel guru idiocy. This one is about what was said by them about an article titled “ECONOMIST: LOWER OIL PRICES MAY PUSH IRAQ TO REDUCE EXCHANGE RATE AND CUT EXPENSES”. So, lets dive into this article and get the FACTS straight. First, lets see what the article says and I quote from it – “Economic expert Nabil Al Marsomi warned today, Monday, that the continued decline in oil prices will put the Iraqi government before difficult choices, including those that may include reducing the exchange rate to confront financial challenges.”
So, by reducing the exchange rate Iraq means to devalue the currency much like it did in 202. Do you remember this measure back then? Do you understand why they took this measure back then? I will assume you do understand since I talked about this and explained it many times already. So, this article to does not mean a revaluation.
Again, they do not mean taking 1310 and making the rate, for instance 1200, which would be a literal reduction and a revaluation. They do not mean a literal reduction instead they mean a reduction in the value of the dinar, meaning it would take more dollars to buy a dinar and thus the dinar would be worth less in Iraq than it is today, so the rate would probably go up something for instance like 1400 not the other way.
Think, Think and Think! Gosh…. God gave you a brain. Stop listening to these idiot intel gurus. Why else would Iraq tell us it would be a “difficult decision”, yet another reason to believe it would be a devaluation. Get it? If it was a revaluation, it would not be difficult, it would be easy. The difficulty comes in a devaluation.
Another sign that it would be a devaluation is the statement given in the second paragraph and I quote – “the government may be forced to take austerity measures that include reducing public expenditures and increasing non-oil revenues,” noting that “the oil market is currently suffering from significant weakness”. Remember that still 90% of the revenues come from the petro-dollar and the dinar is still pegged solely to the U.S. dollar. So, if oil prices decline, as they are telling us in this article that they are, then the dinar would decline, thus the rate would drop (or the numbers would rise, meaning it takes more dinars to make one dollar.)
I find it very difficult to see how grown-up adults could analyze the exact same article and come up with just the opposite information. Do any of these intel gurus out there really know what the hell they are talking about?
Again, this is why the Iraqi dinar needs to get off the sole de facto peg to the US dollar. Also get off the petro-dollar. They need to get off the Obama/Biden policy towards Iraq which is still a “sanctioned-like” driven foreign policy. As we all know Iraq has been out of Chapter VII sanctions since Dec 2022. I know I keep harping on these FACTS but it is important to see and understand just what is really happening in Iraq and what has to change.
They need to peg the dinar to a basket to prevent these wide swings every time there is a hiccup in the oil market pricing of oil. Why these swings in the dinar rate? These swings are cause by two things:
1.Because Iraq is still forced to sell oil in US dollars only;
2.The Iraqi dinar is still solely pegged to the US dollar.
They do not and should not have to build up the economy first with non-oil revenues to combat this peg and reliance on the dollar, as this is what they are doing now. I tell you the value of the Iraqi dinar is already there and its there in the mere fact that they have large quantities of oil reserves, can bring it to market along with the other products. They have willing and able customers. It may not mean $70 a barrel, but even at for instance, $35 a barrel along with the gold stockpiles and the monetary CBI reserves, the assets can the dinar rate far greater than 1/6 of a penny for a dinar. Hey, I thought they were now moving to “asset” based currency values? So where is this effort when it comer to the Iraq?
What I am trying to tell you again is that they are still artificially suppressing the dinar and I believe they are still holding to this Obama/Biden foreign policy due to the economic war between Iran and the US, at lease for the time being. The currency resetting has to take place as some point. This news in this article is just yet another example of the problems facing Iraq.. Problems that they will NEVEER solve until they stop treating their economy like it is still under Chapter VII sanctions.
Are they finally breaking the parallel market?
We have also witnessed this and there is a significant decline the black-market pricing of the dinar. In other words it is getting closer and closer to the “official” CBI rate. But this news today is shocking news and we all certainly hope they do not decide to devalue the dinar, as they did in 2020.
What else is in the news….
There are a few articles about the gas and electricity imports from Tehran to Iraq. The US State Department announcing that it is reviewing all economic exemptions that provide Iran with any degree of support, in an escalatory step that could have broad repercussions, especially on Iraq, which relies heavily on gas and electricity imports from Tehran.
I will not list all the articles here on this subject and you can go are read them for yourself in the Articles Section of the Newsletter. Are they worth reading? I would pay attention to what they are telling us, but most of us should already be aware of this news as I have talked about it already. Iraq is trying now to negotiate gas from outside Iranian sources. They have also asked for U.S. help to finally complete the electricity grid, but remember this grid is to run off of almost exclusively natural gas LNG, something that they are working on to capture from their own Iraqi oil wells and use in their power plants. But this takes time to implement and pay for this project.
This gas is just being wasted today and blown off. This project cost money and would not be completed until 2028, three years from now. So, what do they do in the meantime? Maybe they can shorten this project with the U.S. help. Trump is good as solving problems and so let’s see what he comes up with for this one….lol..lol..lol..
😊Also in the news they talk a lot about this digital currency once again. I think there are four articles on it this time. We witnessed now three of my past Newsletters dominated with articles about this subject matter too. So, is it important?
I want to emphasize again the this is a long-term project for Iraq and we will most likely be out of this investment and exchanged already by the time they do it, if they can do it. In the article titled “DIGITAL CURRENCY IN IRAQ: CRISIS OF CONFIDENCE.. THE BIGGEST OBSTACLE”. I quote from the article “However, despite the promising prospects of this step, the project faces a fundamental challenge represented by the lack of confidence of citizens in Iraqi banks, as a result of the accumulation of financial crises, administrative corruption, and weak banking services. Can such a step succeed in an environment that is ranked among the highest in the world in cash circulation outside the banking sector?”
We can clearly see that a replacement of paper currency by a digital currency is not feasible at this time for Iraq but it will still be pushed in the future. But who is really pushing this agenda of a Digital Currency for Iraq?
In yet another article this question is answered. The TRUTH comes out who is pushing this agenda for a Central Bank Digital Currency (CBDC) for Iraq this time. We know that in December 2021 the then President Biden set in motion an analysis of the prospect of changing the US dollar to a digital currency. As we have witnessed this already for the U.S. in 2021 then now in 2025 this same entity has come to Iraq and is pushing this idea on them too. Yes, the U.S. so far had been suckered in to it and gone along with it until the newly elected President Donald Trump is stopping it. Can he also mandate that Iraq too put a stop to this nonsense. I call it nonsense because it is the globalist mechanism to get full and utter control over the entire global money supply, one country at a time. Remember just who the Central Bankers are. They are globalist elite, the very wealthy, the banking cartel. They do not represent you and me. Do we really want them controlling every aspect of our lives and using our wealth as bribery to adhering to their globalist agenda and mandates? Oh…. They call this blackmail, but remember once it’s done you can’t turn back. There is no trying it out concept.
☹So, who are these people pushing this CBDC now also on the country of Iraq?
In the article titled “SUDANESE ADVISOR: THE UPCOMING DIGITAL CURRENCY IS EASY TO TRADE AND DOES NOT DIFFER IN EXCHANGE RATE”. I quote from the article – “the idea started with the Bank for International Settlements, which is the international bank of banks in Basel.”
Then it goes on to explain that “there is a project called (M. Bridge) that deals with settling financial transactions between central banks with this digital currency, so this external reflection must also be reflected internally,” believing that “the central bank is more in need of entering (M. Bridge) in its settlements with the major global oil trade areas in China, India, Southeast Asia and some European countries.”
It is noteworthy that the “M Bridge” project was launched in 2021 at the initiative of the Bank for International Settlements in cooperation with China and a number of central banks, with the aim of accelerating international payments using digital currencies, reducing transaction costs and ensuring their security.
I want to also want you to know that in this article “Al-Sudani’s advisor pointed out that “90% of the monetary mass is outside the banking system, so Iraqi society deals with paper money, and it is unreasonable to immediately switch to digital currency overnight,“ adding that “it is the project of hope for Iraq, and is directly proportional to the progress and development of the uses of digital currency in the world, and it is equivalent and proportional in terms of value to the issued paper currency.” Will we have to wait for this digital currency to RV? All I can tell you is what my CBI contact has told me. She has said already that the Project to Delete the Zeros will occur and is planned to occur. This is not digital currency! That will come later once reinstated. We all know that this project will not happen until the rate revalues in-country.
What I don’t like about these many articles in today’s news from Iraq and the other past article about the CBDC is they only talk all about the advantages but NOTHING about the disadvantages and there are many too. They do not talk about the lack of freedom, privacy and the control over the population that they could, and probably will use, on the money supply to manipulate the population. This is not FREEDOM by any stretch of the imagination.
Just think if they forced you to take a vaccine or forced implants under your skin with your personal banking data as part of this effort. It could be any number of futuristic events they want to force you into doing. If you refused, how would you survive if they shut off your money supply? They could easily do this even without a court order or due process within the CBDC. Would you be FREE any longer? We also know that brain implants are on the horizon to tie into a centralized computer. These brain implants can also monitor every thought, and artificial intelligence (AI) can then screen and filter your thoughts and raise red flags on those not in-line with the agenda of the government. Folks is this what you want? But the CBDC is the start of it, and it will progress and then link this monetary policy into other entities to control you. Yes, absolute control by the state. These entities and links are already laid out. This is not a conspiracy theory. The World Economic Forum (WEF) already told the public that in 2o years we will all be competing with AI and so we will need our brains to be hooked up the centralized computer network.
These are going to be very scary times ahead if we don’t put our foot down on this CBDC effort and stop it now. We must also contact our representatives in our governments to force strict rules on the use of AI. AI is moving too fact and we must catch up with it before its too late.
Will Iraq get the Oil and Gas Law passed soon?
😊 The next hot topic of the week is found in the article titled “PARLIAMENTARY COMMITTEE CALLS ON GOVERNMENT TO REFER OIL AND GAS LAW TO PARLIAMENT IMMEDIATELY”. The Deputy Chairman of the Parliamentary Oil and Gas Committee, Adnan Al-Jaberi, called on the government on Thursday, to expedite the referral of the Oil and Gas Law to the Council of Representatives, stressing that its legislation is an essential step to regulate the management of oil wealth and ensure the fair distribution of revenues between the federal government and the producing regions and governorates. Then another article came out following this one titled “PARLIAMENTARY OIL COMMITTEE RULES OUT PASSING OIL AND GAS LAW DURING CURRENT SESSION”. The Parliamentary Oil and Gas Committee confirmed last, Friday, that there are disagreements over the management of resources, which led to the obstruction of passing the Oil and Gas Law, while it ruled out passing it in the current electoral cycle. “The oil and gas law has been a demand since 2007, but attempts to legislate it have failed due to political differences and lack of agreement with the Kurdistan Region.
For those of you who are not familiar with the necessity of the Oil and Gas Law let me give come clarity now. I will try to be brief and use the information just given to us in these two articles today, which by the way backup everything I have been saying about the necessity to get his law passed in parliament.
In one article they point out “the parliamentary oil committee has made intensive efforts with the leaders of the political blocs to clarify the importance of enacting the law, as it regulates the oil wealth that fully funds the state, and contributes to resolving the disputes between the federal government and the region, which contributes to achieving political and economic stability.”
The articles point out that “Article 112 of the Iraqi Constitution stipulates the necessity of regulating the oil and gas sector through the enactment of a special law, but the lack of a common vision and agreement between the federal government and the Kurdistan Region, as well as between the producing provinces and Baghdad, has prevented its approval so far. It adds that “the most prominent point of disagreement between Baghdad and Erbil is related to oil resources and the region’s commitment to the decisions issued by the Federal Court and the International Court,” noting that “this law is one of the laws that complement the constitution.”
Remember that the CBI has told us many times in articles that this law must be passed and the currency reform is dependent on it. They did not, of course, use these exact words but when they say this law governs 90% of the wealth of the nation and they then need SECURITY and STABILITY what does this tell you about this law. Then on top of this from the past we read yet more about it today and they even emphasize the article 112 constitution mandate even more now.
So, let’s not make up stories to satisfy listeners that the Oil and Gas Law is all done because we know NOW without a shadow of a doubt after reading these articles today that it is NOT ALL DONE. I have been saying his for years now. Are they listening to me? Yes, I am talking especially to you TNT idiots Tony Renfrow and his side kick brother Rayren.
😊 Lastly, we can read article titled “TRUMP HINTS AT IMMINENT EVENT IN IRAN: I HOPE TO MAKE A PEACE DEAL WITH THEM”. US President Donald Trump expressed his hope on Friday evening to conclude a peace agreement with Iran that would prevent them from possessing a nuclear weapon, stressing that “something will happen with them very soon.” Trump added in statements he made at the White House that “the United States is in the final moments of negotiations with Iran, and that he hopes that military intervention will not be necessary.”
“We have a situation with Iran, something is going to happen very, very soon,” Trump continued. “You’ll be talking about it soon, I think.”
As I said before the situation in Iraq can change rapidly, very rapidly. The RV has not yet happened. There are no newer lower denominations yet in circulation. If anyone tells you otherwise, they are FLAT OUT LYING! Once the situation in Iran is resolved, Iraq will be in a much better position to go to the U.S. and make their plea to return their currency back to them and finally get fully out of this sanction-like mode of the sole peg to the US dollar and move on.
Yes, Iraq needs desperately to move on from the era of sanctions and the Obama/Biden foreign policy. They need to get their dinar reinstated with a rate reflecting the current assets and wealth of the nation now and then, as the economy grows, so will the currency reflect that growth as the currency rate can go up. But to say they have to first grow the economy to a massive scale and get out of their “rentier” oil economy is ridiculous and it is holding back real growth and prosperity in Iraq. It has been a policy of manipulation and corruption by the suppressors. It would take decades more to do this. Those days must end and will end.
Are you still praying? This is the time to stay on track with your prayers. There is still much to do to fix your nations. This warped global ideology of mass depopulation and controlling those that will be leftover is mad. it is sinister and evil. Sure, maybe you are saying I am a crazy woman but do you know the global plan even? How can you criticize me if you have not studied this ideology like I have. Surely, once you do dive into it, you too will see it and understand it clearly. God, through His prophets, has told us He is going to fix it. This includes what they have done to Iraq too. We may have to wait a bit longer for the RV, but I assure you its is coming and not way off.
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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
I wanted to refer two prophecies today to you. Both are amazing information from God.
““The Dark Secrets In New York Will Bring Down Those In DC”
Prophecy begins at the 19:53 mark. Second one from March 2nd
Prophecy begins at the 19:42 mark. From March 5th.
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PROPHECIES FULFILLED: How do we engage the prophecies? Are they really a voice from God? So, as we listen and time passes, we step back and analyze what happened and compare to the prophetic words spoken.
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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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CAN THE U.S. POWER THE ENTIRE COUNTRY WITH ONE HUGE SOLAR PANEL FARM?
Although Elon Mush may have an idea what would it take to make this happen? He suggests a 100 square mile solar farm. Does the effort and expense make it feasible even? What are the long effects of such a project? Let’s take a quick look at this today. It is easy to make such statements but what is reality?
First, this effort would take an enormous amount of batteries to set up. This solar energy must be stored somewhere. Musk even admits it. Are his companies going to be one to build such a solar farm? Is this why he even suggested it?
Second, what happens when the shelf-life (abut 20-25 years) is over and the panels need to be replaced? Then you start all over and what have you gained financially? Are they really financiall feasible to the common homeowner?
Third, is how to transmit this energy across the entire United States from this 1000 square mile solar panel reserve.
Fourth, we could easily have this 1000 square mile of solar panels sucking in the sun’s energy by simply placing panels on our individual homes or setting up local “sun farms” feeding energy to the owner and then the excess back to the grid. It’s the cumulative effect of all our homes that could equal this large 1000 square mile solar farm that Musk suggest. We don’t need to have one huge 1000 square mile solar installation.
Fifth, if we incentive a program for the homeowner, much different than the current local solar programs of today geared mostly at these solar companies making huge profits off false claims of energy independence. Actually they are just transferring payment of an electric bill into a new bank loan. By the time the bank loan for the panels and installation fees is all paid up, the panels are obsolete and must need replacement. The cycle starts all over again. Who wins?
Only the solar panel companies win, as they get paid off from the banks each time and are out of the picture quickly when the installation is completed. The homeowner is then stuck with a bank lien on the property and a new twenty to twenty-five-year loan to pay off. I have to tell you also that for most homes they cannot hold enough panels to fully supply all their energy needs and thus most have to “borrow” or pay for more energy anyhow at an additional cost from the grid. What have you really gained? Many do not get the excess power to “sell back” the power companies as, these program claim will happen.
Sixth, be careful! Your home will not still have energy at a time of black outs since if you don’t pay for batteries the energy cannot be stored for these times, such as night or stormy cloudy days. What do you do? You may buy the batteries at about $8,000 each and so your loan amount only then increases putting you mostly doubling what your normal electric bill was before you began all this foolishness with the solar program. A simple home will need 2-3 of these batteries ($24,000 minimum) since refrigerators, well pumps, and some appliances gobble up the energy when first starting their motors. Don’t believe me? Just ask anyone who already when through the gambit.
So, feasibly versus practicality with solar are always at odds. My conclusion is that solar or windmill are not going to be the energy solution to get off fossil fuels. Don’t be tricked by these advertisements. Remember too that God, through His prophets, already promised us that there are going to be three (3) new sources of energy in the near future. They will be sustainable, efficient, cheap and clean. I believe this time is close at hand.
THE PROCESS TO ABOLISH THE FEDERAL RESERVE HAS ALREADY BEGUN
Rep. Thomas Massie introduces the “Federal Reserve Board Abolition Act”
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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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DOGE BLEW THE LID OFF OF STACEY ABRAMS’ $7 BILLION CLIMATE SCAM
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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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POLITICIAN: AMERICA IS PUTTING PRESSURE ON IRAQ TO KILL TWO BIRDS WITH ONE STONE
Political researcher Qasim Al-Tamimi said on Friday that America is exerting pressure on Iraq in ruling files that are considered the lifeblood of the people, in order to kill two birds with one stone.
Al-Tamimi told Al-Maalouma, “The American side tightened its sanctions on the Islamic Republic to achieve the interests of the Zionist entity, and these sanctions also included Iraq, but indirectly.”
He added, “The American sanctions were behind preventing Iraq from obtaining gas imported from Iran, and therefore these are sanctions that affect the Iraqi people, since electricity is considered the lifeblood of Iraqis in light of the stifling crisis that Iraq has been suffering from for the past years without effective solutions.”
He explained that “what America is doing in imposing sanctions aims to incite people against governments, especially after Iraq announced its position on the Zionist crimes and expressed its rejection of what the occupier is doing, and participated through the resistance in striking the enemy. Therefore, America is imposing sanctions to kill two birds with one stone, meaning that it seeks to impose more sanctions on Iran and harm the Iraqi people.
(I do not believe this notion the America is intentionally harming the Iraqi people or want to harm them. Instead, they are after Iran and need to break that country somehow. Iraq is caught in the middle, however I will say that they have been warned now for over decades to get their own electricity and gas. How many more exemptions do they want? How long will these exemptions go on? Finally, a US president putting his foot down and forcing them to do something. You know Iraq and how slow they can be.)
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WASHINGTON DEMANDS THAT IRAQ DISPENSE WITH IRANIAN ENERGY “AS SOON AS POSSIBLE”
The US State Department called on Iraq to end its dependence on Iranian energy sources “as soon as possible,” hours after Washington announced its intention to tighten sanctions on Tehran.
In response to a question about the exemptions granted to Iraq, and whether they would be renewed, the Foreign Ministry indicated that it is reviewing all exemptions granted, according to Reuters.
The problem:
Iraq currently produces 27,000 megawatts of electricity through stations, most of which operate on gas, but the production capacity sometimes drops to 17,000 megawatts.
This amount, at its maximum, does not meet the country’s electricity needs, as Iraq needs to increase production to reach 40,000 megawatts in order to ensure the provision of energy around the clock.
The Solution:
To solve this crisis, Iraq resorted to importing quantities of Iranian gas, which threatened to expose it to US sanctions, before the United States granted it an exemption that is renewed periodically.
With US President Donald Trump returning to power, he pledged to pursue a policy of “maximum pressure” against Iran. As a result, the Iraqi government asked the new US administration to extend the waiver granted by the previous administration, according to previous statements by Al-Sudani in an interview with the Saudi Al-Sharq channel. Al-Sudani had touched on the issue of ending dependence on Iranian supplies during the interview, noting that the country plans to completely end gas imports by 2028, adding:
“There will be clear energy independence.”
He continued: “Ultimately, we need this exception to continue throughout this period. At the same time, we have started the process of linking energy with neighboring countries in order to cover our needs, and this is part of the concept of integration that we seek with our brothers.”
This is not the first statement of its kind, but rather comes just days after US Secretary of State Marco Rubio called Iraqi Prime Minister Mohammed Shia al-Sudani, where they discussed Iranian influence in the region, and Rubio urged Iraq to “achieve energy independence.”
The new US statement may not mean that Washington will not renew the exemption granted to Iraq, but it indicates increased pressure on Baghdad to get rid of these supplies.
The comments come hours after US Treasury Secretary Scott Besant confirmed that the US would tighten sanctions on Iran, adding that the US would “shut down” the country’s oil sector using “pre-determined criteria and timelines.” He hinted that “making Iran bankrupt again would be the beginning of our updated sanctions policy.”
The Treasury secretary suggested that the United States could work with “regional actors” to help Iran get its oil to market. One of those countries is likely to be Russia, which earlier this week signaled its willingness to help the United States in talks with Iran over ending its nuclear program and its support for anti-American regional proxies.
“Treasury is prepared to engage in frank discussions with these countries,” Bessent said. “We will work to shut down Iran’s oil sector and drone manufacturing capabilities.”
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WASHINGTON REVIEWS ALL ECONOMIC EXEMPTIONS FOR IRAN… AND IRAQ IS AT THE HEART OF THE CRISIS.
The US State Department announced that it is reviewing all economic exemptions that provide Iran with any degree of support, in an escalatory step that could have broad repercussions, especially on Iraq, which relies heavily on gas and electricity imports from Tehran.
State Department spokeswoman Tammy Bruce confirmed that Washington is urging Iraq to speed up its move away from Iranian energy sources. This statement reflects increasing pressure on Baghdad, which finds itself facing a dual challenge of meeting its electricity needs amid a stifling energy crisis, while at the same time avoiding any economic and political repercussions from adhering to US sanctions.
Baghdad between the hammer and the anvil
Iraq relies on Iranian gas to power the power plants that feed most of its provinces, with Baghdad importing about 40% of its energy needs from Tehran. Despite its attempts to diversify its sources, local gas investment projects are still lagging, leaving Iraq in a vulnerable position in the face of any tightening of US sanctions.
The Iraqi government, which previously received periodic waivers from Washington to import energy from Iran, may now face tighter restrictions. If those waivers are removed, it could exacerbate the electricity crisis, especially as summer approaches, when consumption rates rise and power outages are frequent.
Economic and political repercussions
The repercussions of the US decision are not limited to the energy file only, but extend to the Iraqi economy more broadly. Iraq pays part of its Iranian gas dues in Iraqi dinars through frozen bank accounts, which means that any suspension of exemptions could disrupt this mechanism and impose new financial challenges on Baghdad.
Politically, this American pressure puts the Iraqi government before a difficult test, as it must reconcile its strategic relationship with Washington and its economic partnership with Tehran. With tensions rising in the region, any new American move could affect the fragile balance in the Iraqi scene.
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PARLIAMENTARY OIL COMMITTEE REVEALS URGENT SOLUTIONS FOR IRANIAN GAS
The Parliamentary Oil and Gas Committee revealed, on Sunday, the Iraqi government’s intention to import Gulf gas instead of Iranian gas after the recent US sanctions, announcing a project that is being worked on at high speed in Basra, the far south of the country.
The spokesman for the committee, Ali Shaddad, said, “The problem with the Ministry of Electricity is that it has established stations in the Iraqi provinces that depend on gas only, while the stations in Basra are complex and operate on gas, crude oil, and black oil, and this is what contributed to the stability of the electrical system in the province.”
He explained that “the Prime Minister personally follows up on the completion of the gas pipeline project from the floating platform in Basra on a daily basis,” indicating that “the Ministry of Oil began working on it about thirty days ago and it will be completed at high speed within 120 days.”
He added that “the completion rate has exceeded 30% so far,” stressing that “the project will contribute to transporting Gulf gas in quantities of up to 200 cubic meters.”
(How much gas did Iraq say it needed to power its full grid? Didn’t they tell us? I quote from the article above- “Iraq currently produces 27,000 megawatts of electricity through stations, most of which operate on gas, but the production capacity sometimes drops to 17,000 megawatts. This amount, at its maximum, does not meet the country’s electricity needs, as Iraq needs to increase production to reach 40,000 megawatts in order to ensure the provision of energy around the clock”
Since we know that 1 megawatt-hour would require about 198 cubic meters. So, you can see that the importing Gulf gas would not be nearly enough to power the entire country of Iraq.)
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US NATIONAL SECURITY ADVISOR TO SUDAN: ENDING EXCEPTION FOR ELECTRICITY SUPPLY FROM IRAN LINKED TO MAXIMUM PRESSURE POLICY
Prime Minister Mohammed Shia Al-Sudani received a phone call today, Sunday, from US National Security Advisor Michael Waltz, where both sides affirmed their commitment to strengthening and deepening the strategic partnership between Iraq and the United States.
The Prime Minister’s media office said in a statement received by {Euphrates News} that “the discussions focused on enhancing bilateral cooperation in the economic and security fields, as the Prime Minister affirmed Iraq’s commitment to expanding economic relations with the United States, encouraging American companies to invest in the growing Iraqi market. He also reviewed the important reforms and initiatives implemented by his government to create a more stable, transparent and attractive environment for investors.”
For his part, the US National Security Advisor encouraged the Prime Minister to rely more on American companies, and to work to solve the problems and remove the obstacles facing those companies operating in Iraq, including the Kurdistan Region of Iraq, to encourage them to work and invest in Iraq.
The two sides also stressed the importance of joint efforts to build a strong Iraq capable of relying on itself. The discussions also included addressing issues and the role of American companies operating in this field. In this context, the United States renewed its commitment to supporting Iraq’s energy independence and expressed its readiness to cooperate in accelerating the achievement of this goal.
Regarding the security file, National Security Advisor Waltz affirmed the United States’ firm commitment to the security and stability of Iraq in the face of regional and international challenges. The two sides also stressed the importance of continuing cooperation to ensure Iraq’s sovereignty and stability in the long term, especially in light of the turbulent conditions in the region.
Waltz added that ending the exemption for electricity supplied from Iran is linked to the maximum pressure policy, which confirms the importance of bilateral coordination to avoid any potential negative effects on Iraq’s stability.
The call reaffirmed the strong partnership between Iraq and the United States, with both sides expressing their shared vision for a secure, prosperous, and sovereign Iraq.
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AL-SUDANI ISSUES 8 DIRECTIVES TO DEVELOP ELECTRONIC PAYMENT AND ENHANCE DIGITAL TRANSACTIONS IN GOVERNMENT DEPARTMENTS
Prime Minister Mohammed Shia Al-Sudani issued 8 directives today, Thursday, regarding the development of electronic payment systems and the enhancement of digital transactions in government departments.
According to a statement from Al-Sudani’s office, the directives were as follows:
- Assigning the Baghdad Chamber of Commerce, the Federation of Chambers of Commerce, and the Iraqi Federation of Industries to work on simplifying procedures, in cooperation with the relevant authorities, within a time frame of 6 months to implement the business automation and digital transformation project in these institutions, in a way that accelerates company registration procedures and enhances electronic payment systems.
- Facilitating the process of authenticating company contracts, especially simple and medium-sized ones, by issuing a confirmation letter from a notary public, and authenticating those contracts without delay.
3.Study the possibility of allocating a notary public office within the Baghdad Chamber of Commerce to ensure the approval of company incorporation contracts and facilitate the necessary procedures.
4. Obligating the company owner to open a bank account in one of the authorized Iraqi banks, based on official approval from the Baghdad Chamber of Commerce, as this is a basic condition for completing the registration procedures and obtaining the company’s identity and certificate of incorporation.
5. Enhancing the use of electronic transactions and digital payment systems within the new business environment, through coordination with the Central Bank of Iraq, and issuing a circular to all banks to facilitate account opening procedures for small and medium-sized companies.
6. Coordinating with the Central Bank of Iraq to issue a circular to banks to provide banking facilities and financial incentives to companies, including loans, banking facilities, and electronic transfers, enhancing the use of digital payments, and adopting technological financial solutions.
7. Preparing a media campaign to raise awareness of the new procedures, by producing content that explains to citizens and investors the company registration process, the advantages of digital transformation, and the banking opportunities available.
8. Forming a specialized committee from the relevant authorities to follow up on the implementation of these procedures and prepare periodic reports on the progress made in implementing the recommendations.
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DIGITAL CURRENCY IN IRAQ: CRISIS OF CONFIDENCE.. THE BIGGEST OBSTACLE
In a very distinctive step aimed at modernizing the financial system, Baghdad is exploring the possibility of issuing a national digital currency, in an effort to reduce reliance on paper money and enhance financial inclusion.
However, despite the promising prospects of this step, the project faces a fundamental challenge represented by the lack of confidence of citizens in Iraqi banks, as a result of the accumulation of financial crises, administrative corruption, and weak banking services. Can such a step succeed in an environment that is ranked among the highest in the world in cash circulation outside the banking sector?
Crisis of trust: the biggest obstacle to digital transformation
Data from the Iraq Future Foundation indicate that 93 trillion Iraqi dinars, or about 87% of the total money supply, were circulating outside the banking system by the end of 2023, an increase of 30% over 2022. These figures reflect a financial culture that clings to cash, reinforced by citizens’ fears of the complexities of banking transactions, previous experiences of freezing accounts, burdensome bureaucracy, and even cases of embezzlement and corruption within some financial institutions.
This is clearly evident in the fact that employees whose salaries are domiciled in Ki-Card companies and private banks try to withdraw their salaries from the bank account as soon as it is launched. This means that citizens have lost confidence in the banking system to a great extent.
Some may not believe at all in digital transformations or the banking system, as dealing in it is done in numbers and not in kind.
Therefore, convincing the Iraqi citizen to give up his paper money in favor of a digital currency, managed by entities whose trust is still questionable, is a fundamental challenge to the success of the project.
It is worth noting that the structure of the banking sector suffers from a significant delay in keeping up with global financial management technology, i.e.: the large number of banks does not mean efficiency.
According to the latest data, Iraq has 81 banks, distributed as follows:
7 government banks (including one Islamic bank)
74 private banks, including 29 Islamic banks.
Despite this quantitative diversity, banking services are still insufficient to accommodate the financial needs of society, as most Iraqis rely on cash even for large transactions. In addition, the conflicting figures regarding the number of banks, and the lack of transparency in updating data, deepen the crisis of trust between citizens and the banking sector.
Conditions for Success: From Theory to Practice
To ensure the success of digital currency, a supportive environment must be created through a set of essential measures:
1. Enhancing transparency: through a strict oversight mechanism that ensures tracking financial transactions without compromising users’ privacy.
2. Independence of the supervisory body: avoiding political interference and establishing an independent oversight body with broad powers.
3. Economic incentives: such as providing tax benefits or financial incentives for early adopters.
4. Solid technical infrastructure: including a reliable internet network and secure and easy-to-use banking platforms.
Without these foundations, the project may turn into a mere theoretical experiment that lacks effective practical application.
Potential risks: Will Iraq repeat past mistakes?
Previous failures in financial policies, such as the unregulated reliance on the dollar and the subsequent chaos in the black market, cannot be ignored. If digital currency is not managed wisely, it may face serious challenges such as:
• Increased inflation if its issuance is not controlled and the money supply is not regulated.
• Exclusion of segments of society that are unable to deal with financial technology.
• Risks of cyber breaches in light of weak cyber infrastructure.
Between crisis and opportunity
Despite the obstacles, digital currency could represent a giant turning point towards a more advanced financial system in Iraq, by reducing corruption, enhancing financial inclusion, and improving tax collection mechanisms. But its success depends on a radical reform of the banking sector, the implementation of a broad awareness campaign, and a real political will to ensure financial transparency and justice. Turning this initiative into reality will not be easy, but it could be a necessary step toward a more stable and reliable digital economy.
(I do not believe we will see this anytime in the near future. It may happen after we investors in the dinar are way out of this investment and the RV has already taken place.)
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IS IRAQ STEPPING INTO THE FUTURE OF CRYPTOCURRENCIES? AL-SUDANI’S ADVISOR REVEALS DEVELOPMENTS
At a time when the world is witnessing major transformations in the field of cryptocurrencies, the economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed Iraq’s position on these developments, stressing that the country is still in the evaluation phase and has not made a final decision regarding joining this global financial phenomenon.
Saleh said in a statement to {Euphrates News}, “Iraq continues to monitor global developments regarding cryptocurrencies, and the decision to join this field depends on many economic and legal factors that are being carefully studied.”
He pointed out that “Iraq, since 2017, has imposed a ban on dealing in cryptocurrencies due to risks related to financial crimes and sharp fluctuations in their prices, in addition to consumer protection.”
Regarding the latest developments, Saleh explained that “the Central Bank of Iraq stressed in February 2023 the prohibition of the use of cards and electronic wallets for the purpose of speculating in digital currencies,” stressing that “there is no current decision to grant licenses for cryptocurrencies at the present time.”
On the other hand, he pointed out that “the future of cryptocurrencies may change significantly in the coming years, especially if major economic powers take steps towards regulating these currencies more strongly, which may open the way for Iraq to study these options in the future.”
Saleh added, “In a remarkable move, US President Donald Trump issued an executive order to create a strategic reserve of Bitcoin, reflecting the US trend towards integrating cryptocurrencies into its official reserves such as gold and precious metals,” considering it “an attempt to control any disruptions in the international monetary system as long as Bitcoin is traded in US dollars and on most global exchanges, such as Coinbase, Binance, Kraken, and others.”
He explained that “the price of Bitcoin is often measured in dollars because it is the global reserve currency and the most widely used in financial markets. Based on the above, Bitcoin will be one of the cryptocurrencies denominated in US dollars that will be subject to the regulation and dominance of the Federal Reserve Bank and will be given a stronger legal position in the scope of trading it as a currency in the global classification after granting legal legitimacy to the Bitcoin unit, from the highest monetary authority in the world, which is the US Central Bank or the Federal Reserve Bank of the United States.”
Saleh added, “The US Federal Reserve will have a role in legal supervision as a global digital payment and reserve currency and will ensure that Bitcoin is covered by the dollar itself, which gives the United States of America dominance over any encrypted monetary trends outside its monetary system denominated in dollars, which is essential for the expansion of the US monetary system to the world and with control from a central government body this time outside the decentralization of the cryptocurrency market.”
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SUDANESE ADVISOR: THE UPCOMING DIGITAL CURRENCY IS EASY TO TRADE AND DOES NOT DIFFER IN EXCHANGE RATE
The Iraqi Prime Minister’s Advisor for Economic Affairs, Mazhar Muhammad Salih, reassured that the digital currency intended to be launched in the future in Iraq is easy to trade and does not differ in exchange rate.
Mazhar Mohammed Saleh told Rudaw Media Network, “The digital currency that is intended to be introduced in the future is consistent with the general trends of central banks in the world, not just in Iraq,” indicating that “the idea started with the Bank for International Settlements, which is the international bank of banks in Basel.”
He explained that “there is a project called (M. Bridge) that deals with settling financial transactions between central banks with this digital currency, so this external reflection must also be reflected internally,” believing that “the central bank is more in need of entering (M. Bridge) in its settlements with the major global oil trade areas in China, India, Southeast Asia and some European countries.”
It is noteworthy that the “M Bridge” project was launched in 2021 at the initiative of the Bank for International Settlements in cooperation with China and a number of central banks, with the aim of accelerating international payments using digital currencies, reducing transaction costs and ensuring their security.
Mazhar Muhammad Salih pointed out that “the importance of this currency is that it is generally easy to trade for banks, and it does not require what is called liquidity risks,” adding: “Theoretically, if all the currency within banks is digital, there are no risks in bank credit, no risks in money laundering, and so on.”
Al-Sudani’s advisor pointed out that “90% of the monetary mass is outside the banking system, so Iraqi society deals with paper money, and it is unreasonable to immediately switch to digital currency overnight,” adding that “it is the project of hope for Iraq, and is directly proportional to the progress and development of the uses of digital currency in the world, and it is equivalent and proportional in terms of value to the issued paper currency.”
Mazhar Muhammad Salih confirmed that the digital currency “does not differ from the paper currency at all, and the exchange rate does not differ with it, and there is no difference except that its efficiency is higher, and it comes in line with the development of the world, and I believe that Iraq is keeping pace with the world in this matter.”
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PARLIAMENTARY COMMITTEE CALLS ON GOVERNMENT TO REFER OIL AND GAS LAW TO PARLIAMENT IMMEDIATELY
The Deputy Chairman of the Parliamentary Oil and Gas Committee, Adnan Al-Jaberi, called on the government today, Thursday, to expedite the referral of the Oil and Gas Law to the Council of Representatives, stressing that its legislation is an essential step to regulate the management of oil wealth and ensure the fair distribution of revenues between the federal government and the producing regions and governorates.
Al-Jaberi said in a statement to / Al-Maalouma / agency, that “the legislation of the Oil and Gas Law is a necessary step to regulate the management of oil and gas wealth in Iraq,” noting that “this law will contribute to guaranteeing the rights of the producing regions and governorates, in addition to developing a clear strategy for investing these resources in the long term.”
He explained, “The law will protect oil wealth from different interpretations and interpretations, whether in the Kurdistan Region or in the producing governorates, and will work to resolve the existing differences between the federal government and the regional government, and control the relationship between the producing governorates and the center.”
He pointed out that “Article 112 of the Iraqi Constitution stipulates the necessity of regulating the oil and gas sector through the enactment of a special law, but the lack of a common vision and agreement between the federal government and the Kurdistan Region, as well as between the producing provinces and Baghdad, has prevented its approval so far.
” He stressed “the importance of reaching a consensus that guarantees the rights of all parties,” calling on the government to “refer the law to the Council of Representatives as soon as possible to ensure the fair and equitable regulation of oil revenues.”
It is noteworthy that the approval of the oil and gas law was delayed for several parliamentary sessions due to political differences that prevented reaching a consensus on it.
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PARLIAMENTARY OIL COMMITTEE RULES OUT PASSING OIL AND GAS LAW DURING CURRENT SESSION
The Parliamentary Oil and Gas Committee confirmed today, Friday, that there are disagreements over the management of resources, which led to the obstruction of passing the Oil and Gas Law, while it ruled out passing it in the current electoral cycle.
“The oil and gas law has been a demand since 2007, but attempts to legislate it have failed due to political differences and lack of agreement with the Kurdistan Region,” said Bassem Naghmish Al-Gharibawi, a member of the parliamentary oil and gas committee,
in an interview with the Iraqi News Agency, followed by “Al-Eqtisad News.” He explained that “the law was part of the current ministerial program, and it was supposed to be legislated during this parliamentary session, as committees were formed since 2023 to discuss it, and two drafts were presented: the first from the federal government and the second from the region, and joint committees were formed to hold meetings between the two parties.”
He pointed out that “most of the technical issues were agreed upon, but the differences focused on administrative aspects, powers, and representation of the region and governorates in the Federal Oil Council, in addition to how to manage and distribute resources, as well as previous and current rights.”
He explained that “the parliamentary oil committee has made intensive efforts with the leaders of the political blocs to clarify the importance of enacting the law, as it regulates the oil wealth that fully funds the state, and contributes to resolving the disputes between the federal government and the region, which contributes to achieving political and economic stability.”
He added that “the most prominent point of disagreement between Baghdad and Erbil is related to oil resources and the region’s commitment to the decisions issued by the Federal Court and the International Court,” noting that “this law is one of the laws that complement the constitution.” Despite all the attempts, Al-Gharibawi stressed that “the committees that were formed were unable to reach a political consensus, which makes passing the law during this electoral cycle an unexpected matter.”
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TRUMP HINTS AT IMMINENT EVENT IN IRAN: I HOPE TO MAKE A PEACE DEAL WITH THEM
US President Donald Trump expressed his hope on Friday evening to conclude a peace agreement with Iran that would prevent them from possessing a nuclear weapon, stressing that “something will happen with them very soon.”
Trump added in statements he made at the White House that “the United States is in the final moments of negotiations with Iran, and that he hopes that military intervention will not be necessary.”
“We have a situation with Iran, something is going to happen very, very soon,” Trump continued. “You’ll be talking about it soon, I think.”
He expressed his hope for reaching a peace agreement, saying: “I am not speaking from a position of strength or weakness, I am just saying that I would rather see a peace agreement than the other option, but the other option will solve the problem,” without further clarifying what he meant by the other option.
Trump had said earlier in an interview with Fox Business that aired on Friday that he wanted to negotiate a nuclear deal with Iran and that he had sent a letter to the Iranian leadership last Wednesday proposing talks with Tehran, which the West fears is rapidly approaching the ability to make nuclear weapons.
“I think they want to get that message across. The other alternative is that we do something, because we cannot allow another nuclear weapon,” he continued.
Asked whether he had sent the message to Iranian Supreme Leader Ayatollah Ali Khamenei, Trump replied, “Yes.”
“There are two ways to deal with Iran: militarily or make a deal, and I prefer making a deal because I’m not looking to hurt Iran. They’re a great people,” Trump said.
Last month, Trump reimposed a policy of “maximum pressure” on Iran, including efforts to cut off its oil exports to zero. But he also said in February that he wanted to strike a deal with Iran that would prevent it from developing a nuclear weapon.
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ECONOMIST: LOWER OIL PRICES MAY PUSH IRAQ TO REDUCE EXCHANGE RATE AND CUT EXPENSES
Economic expert Nabil Al Marsomi warned today, Monday, that the continued decline in oil prices will put the Iraqi government before difficult choices, including those that may include reducing the exchange rate to confront financial challenges.
(Mnt Goat- by reducing the exchange rate they mean to devalue the currency. Get it? It does not mean a revaluation. Again they do not mean taking 1310 and making for instance 1200, which would be a literal reduction. But they do not mean literal reduction instead they mean a reduction in the value of the dinar, meaning it would take more dollars to buy a dinar and thus the dinar would be worth less in Iraq than it is today. Think, Think and Think! Gosh…. Stop listening to these idiot intel gurus. Why else would Iraq tell us it would be a “difficult decision”. If it was a revaluation, it would not be difficult, it would be easy. The difficulty comes in a devaluation.)
Al-Marsoumi told Al-Furat News Agency that “the government may be forced to take austerity measures that include reducing public expenditures and increasing non-oil revenues,” noting that “the oil market is currently suffering from significant weakness, with a decline in oil policy that may include imposing fees on some countries such as China, Canada and Mexico, in addition to the possibility of canceling the OPEC Plus agreement, which stipulates reducing production by two million barrels per day.”
He added, “These expectations indicate further declines in oil prices in the coming weeks, which will negatively affect the Iraqi economy.”
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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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