ABOUT THE NEWSLETTER:
April 1, 2025 Mnt Goat News Brief
Guten Tag everyone: I have some excellent good news for you today. In fact its WOW! news.
GIVE A GIFT TO MNT GOAT
I decided to allow everyone to give a Free-will GIFT to Mnt Goat on PayPal if you so desire. Here is the link below.
Since 2013, I have taken my own time from my gasthaus business to research and document findings about the revaluation and reinstatement of the Iraqi dinar. At this time more than ever I do not need to spend my time doing all this. My time is hard to find, as I have to hold down two formal jobs already due to COVID just to keep the business going. So, I do it out of charity and love with the understanding that all of us do NOT have the time to go do our own research. We are busy with our jobs, our daily lives and raising our children. As I am saying this take time and is like a third job.
I recommend $10 dollars a month or whatever you can afford. Do you realize I write eight (8) Newsletters every month. I have to investigate the news and try to pull out the FACTS, then pull off the articles from Iraqi news channels, translate them, talk to my contact in Iraq and then write and publish the Newsletter. Do you think perhaps a little gift might show some appreciation for all this hard work? Just asking…. Still only a hand full of readers help out each month. Enough said….. The future of the Newsletter depends upon you.
Let’s all try to chip in!
2 Corinthians
Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.
More news….
AL-SUDANI AND ALLAWI DISCUSS GOVERNMENT EFFORTS TO ACHIEVE ECONOMIC REFORM.
Prime Minister Mohammed Shia al-Sudani discussed with former Prime Minister Iyad Allawi on Saturday strengthening government efforts to achieve economic reform.
Prime Minister Mohammed Shia al-Sudani receives former Prime Minister Iyad Allawi, and they discuss strengthening government efforts to achieve economic reform.
(You remember former Prime Minister Iyad Allawi. He was the very first prime minister for the new democratic Iraq. His second term was stolen by corrupt politicians and Nori Al-Maliki took over for the next 8 years and did not advance Iraq, in fact he is the one that corrupted the currency auctions and fed Iran billions of US dollars, not to mention ignoring most of the new constitution. Sound familiar? It is so good to see Allawi supporting Al-Sudani’s reforms and efforts to bring back the dinar to its “glory days”. 😊 Actually this warmed my heart to see the cooperation between these two men. Its been a long time…)
More news….
PRIME MINISTER: WE RENEW OUR COMMITMENT TO IMPLEMENTING THE GOVERNMENT’S PROGRAM AND CONTINUING TO WORK UNDER ALL CIRCUMSTANCES WITHOUT INTERRUPTION.
Prime Minister Mohammed Shia al-Sudani congratulated Iraqis on the occasion of Eid al-Fitr.
A statement from the Prime Minister’s Office, a copy of which was received by {Euphrates News}, quoted Al-Sudani as saying: “On the occasion of the blessed Eid al-Fitr, we pray to God Almighty to bless its days for our noble Iraqi people and for the entire Islamic nation, and to accept our acts of obedience, good deeds and striving to please Him, and to spread peace and security throughout the world.”
He added, “We renew our commitment to implementing the government’s program in all its service, social, and economic dimensions, and to continue working at all times and under all circumstances without interruption, and to exert every effort for reconstruction and development, in accordance with what is required by the supreme interests of our people and the aspirations of all its citizens.”
(WOW! WOW! WOW! you have to luv it! Please put two and two together. What are they saying? We will go over this in today’s news. 😊)
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STATUS OF THE RV
Welcome to April! Still no RV and no its not going to happen this week…lol..lol.. Let me emphasize again that these RV intel gurus on the internet are playing head games with you. When will you learn their garbage is only confusing you?
So, today I have some interesting news. I want to preface telling this news because many of you are going to off half-cocked as you normally do, by thinking the RV is imminent. It is NOT, however it won’t take long to implement this strategy either. Al-Sudani knows he might get another term, but nothing is certain either. So like President Trump he is moving things along. So please don’t give me your sad story bashing me that the RV did not go on ‘YOUR” timing.
Today the focus is mainly all on the Development Road Project within Iraq. We can now see the intent of the digital dinar and why they need it. It all now fits together nicely. Yes, it took a few weeks to figure it out.
It is to transfer funds during the series of these projects and afterwards used to export and import. Folks, this Development Road Project is huge and encompasses many aspects of what we have and are still learning. There are huge financers now coming forward. These are big players. Why are they all of a sudden committing all this money? Could it be the influence of President Trump? Could it be the announcement of the digital dinar? Could it be the announcement by Al-Sudani that the dollar is finally controlled, something that Ali Al-Alaq told us almost 6 months ago. These planned industrial cities are meant to produce and goods to be consumed in country and some exported abroad. The ability to manufacture and deliver exports has always been the wealth of any great nation.
Oh… so if Iraq can produce more needed goods in country and do not have to import what is this telling us? It is the balance of trade and making Iraq rich. Is this not where they needed to go economically? Is this not getting out of the sole issue of an oil based “rentier” economy? How many times must we hear about this goal in the news. Oh… did I mention the customs and tariffs that also are an integral part of this process and result from all of this trade? Didn’t they also told us in the past that this revenue alone could rival the oil sales? Are you putting two and two together? Actually, its much more than two and two. Let’s take a look at all the pieces:
1.Port of Faw
2.Customs and Tariffs Reforms
3.Industrial Cities
4.Development Road Project
5.All the Pillars of Financial Reforms we have been witnessing (last 2 years)
6.A non-corruptible system of payments and funding (The new Digital Dinar)
7.Currency Reform (TBD)
Are all these parts not what they have been telling us all along they needed to do in order to have the needed economic “stability” and “sustainability”? I do not believe for one second, they intend to use the US dollar anymore for trade in the near future, actually they just told us this recently, so we know its now a FACT. They told us they will be using their own currency – the digital dinar. If this ain’t a WOW! I don’t know what it…. lol.. lol.. lol… But how can they do this without the IQD on FOREX. I don’t know, you tell me…. 😊
Having said all this, then why are many of my readers so gloomy? Why are many of you giving up? I don’t get it. Yes, I get the frustration too. Don’t think I am not also frustrated with all the corruption that has been holding back what we want.
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Today I also wanted to bring you news of what just happened in Libya with theor currency. We need to look at these other middle eastern countries and learn lessons from them too.
The Libyan Dinar Saga:
On 20 January 2025, the Central Bank of Libya (CBL) had announced the issuance of new banknotes in the 5-, 10- and 20-dinars denominations in the coming weeks and months. Yes, their newer lower denominations. The LD 10 denomination was issued on 26 January. All the new denominations bear the signature of the new CBL Governor, Naji Issa. The CBL said the new denomination will go into circulation along with the currently circulating issuances, starting today, Thursday, 27 March.
Just so you know today 1 Libyan Dinar = 0.21 US Dollar (21 cents)
What can we learn from this Libyan Dinar?
Remember that the politics of Libya has been shaped by the “shallow state” ceded by former authoritarian leader Muammar Gadhafi, who was overthrown in 2011. It took Libya 14 years to restructure their country and finally get back their currency. Iraq is now in this same process and it is taking a bit longer than Libya due to its association and corruption with Iran. Remember that Iran is still part of the axis of evil.
So what can we learn from this latest redenomination in Libya?
First, we can learn that Libya “gradually” rolled out the new lower banknote denominations.
Secondly, we can also see that the rate is 21 cents not thousands of dinars per dollar.
Third, we can ask the question of how can Iraq expect to trade in an environment of the middle east where many, if not all, of their trading partners have currencies that have been already “normalized” and lower denominations as legal tender?
My final point about this Libyan dinar saga is that we all know Iraq is chock-full of resources with many more assets than Libya and even many other middle eastern countries. Why is the Iraqi dinar then still suppressed? Oh….but what is important about Libya is what has been told to us in the recent articles from Iraqi news. Did you pick up on what these articles said. I hope you did but I will present a couple of the articles to you again below: (pay attention!)
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Will Iraq ultimately be forced by the U.S. to permanently dissolve the Iranian Popular Mobilization Forces stationed within Iraq?
Remember that I told you years ago that these forces will cause havoc within Iraq and and pawns to the Iranian politicians in the government just like the illegal immigrants were for the democrats in the U.S. and like BLT and Antifa riots. This is how they have “unofficial” groups do their dirty work for them. So we witnessed it too in Iraq as these militia sent off rockets many times hitting U.S. bases. But you decide after reading the culmination of these very recent articles I am presenting below:
So here is a past article from my 03/18 Newsletter titled “IRAN MAY LOSE IRAQ.” TRUMP AND THE POSSIBILITY OF EXPLOITING “FEAR” IN NUCLEAR NEGOTIATIONS”. The American magazine “Foreign Affairs” reported that the Trump administration has an opportunity to expel Iran from Iraq, not through military action, but rather through “firm diplomacy, the threat of sanctions, and intelligence operations,” giving the Americans greater leverage at the negotiating table with the Iranians.
After the American report, translated by Shafaq News Agency, pointed to the success of Iran’s strategy since 1979, establishing a network of “agents and friends” across the Middle East, which has given Tehran influence in Iraq, Lebanon, and Syria, the report said that the events of the past year have upended this regional order, with Israel’s destruction of Hezbollah in Lebanon and the control of Sunni forces supported by Türkiye over Syria. He added that Iran is “terrified of another domino falling,” with Iraq considered the most likely place for this to happen, as Tehran’s allies in Baghdad are already on edge. Yes, Libya is not part of the Tehran axis of influence.
In another article from today’s news titled “AL-SUDANI: THERE IS NO AMERICAN REQUEST TO PERMANENTLY DISSOLVE THE POPULAR MOBILIZATION FORCES, AND IRAQ’S ACCOUNT IN THE FEDERAL RESERVE IS NOT SUBJECT TO GUARDIANSHIP.” Oh… really? Let’s get the TRUTH on this one. Read on….
Al-Sudani said in a press statement that “Iraq’s account with the US Federal Reserve is now under the control of the government and is not subject to Washington’s tutelage.” He explained that he responded to questions about the United States’ silence over the past 20 years by saying, “America wants to verify the final destinations of its dollar, and this is its legitimate right.” He stressed that “there is no American request to dissolve the Popular Mobilization Forces permanently.”
The first article was titled “BAGHDAD IS OFFICIALLY OUTSIDE THE “AXIS OF RESISTANCE”…AND THE US WANTS “ZERO IRAN” IN IRAQ” from my 03/25 Newsletter.
Abdul Mahdi arranges the deportation of the Houthis, and the factions remain silent.
Baghdad is working on “three lines” to avoid potential Israeli strikes, according to the Iraqi Foreign Ministry. An Iraqi politician reveals the content of “non-negotiable” American messages sent to Baghdad, including cutting off funding to the Houthis.
Parliament is expected to begin preparations for the “dissolution of the factions” in a session on Monday, which will discuss the “restructuring of the Popular Mobilization Forces.” The “restructuring” includes a confirmation of a previous decision taken six years ago, stipulating the separation of “the Popular Mobilization Forces from any political entity,” making it a more clearly state-affiliated institution.
Take a peak at one of today’s article titled “IRAQ AND THE APPEASEMENT STRATEGY: A DIFFICULT BALANCE IN TIMES OF PRESSURE”. What does it say about this subject matter? Yes, it says the same. The US is using pressure on Iraq to get rid of these Iranian forces occupying Iraq.
Then there was the next article titled “AN ECONOMIST DETAILS POTENTIAL US PUNITIVE MEASURES AGAINST IRAQ.” and so what did it say.
Economics professor Saleh Rashid confirmed on Wednesday (March 26, 2025) that America is trying, through its current economic war, to use all the punitive means at its disposal through its large financial and economic infrastructure, indicating that Washington has many cards to play in the Iraqi scene.
Rashid told Baghdad Today, He added that “Washington is facing a different formulation of economic warfare, employing all the punitive means at its disposal through its extensive financial and economic infrastructure,” noting that “Washington has many cards at its disposal in the Iraqi arena, including sanctions on banks and the flow of funds. Consequently, we may witness an attempt to narrow economic paths, which will inflame the Iraqi street and put direct pressure on the Iraqi government.”
So do you think now the US does or doesn’t want the dissolution of these factions (Iranian Popular Mobilization Forces) from Iraq? You decide but I believe “absolutely”! In fact I believe so strongly that the RV WILL NOT happen as long as they are still present in Iraq. Remember the US must signoff on the RV.
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What else is in the recent news?
A Contradiction:
Let’s take a look at this first news article titled “AL-SUDANI: WE HAVE CONTROLLED THE SALE OF DOLLARS AND ARE WORKING TO REFORM THE BANKING SYSTEM.” Prime Minister Mohammed Shia al-Sudani confirmed the government’s control over dollar sales, and that financial transfers are conducted in accordance with internationally recognized procedures.
Then just a day later this article comes out titled “TALKING ABOUT $2 BILLION MISSING AND A CATASTROPHIC SITUATION, A DEPUTY CONFIRMS THE CONTINUED SMUGGLING OF DOLLARS THROUGH “NEW METHODS.” Parliamentarian and member of the parliamentary economic committee, Sipan Shirwani, confirmed that billions of dollars are lost in government bank accounts, pointing to “a new way to smuggle US currency to sanctioned countries.”
Does this seem strange to anyone that these two articles can contradict each other so much. So which is it? Does Iraq really have control over the dollar?
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Then finally the major news of this period…
I always say to just let time pass and the pieces to the puzzle for the Iraqi RV saga will come to light and so this past weekend this picture is becoming clearer and clearer as we just learned more. Let’s review this now.
Let’s all first take peek in to the article titled “RAFIDAIN BANK CEO: THE BANK IS AT THE BEGINNING OF A NEW PHASE WITH GREATER INFLUENCE ON THE IRAQI FINANCIAL LANDSCAPE.” What is it telling us? This was not the first article on this subject matter of banking reforms for Rafidain Bank. However, there is news of the new “First Rafidain Bank” and this bank I believe is going to handle the bulk of money from investors for the “Development Road” project. If we connect the dots, we can now more clearly see what they are doing. The CBI is setting in motion the process to protect and safeguard investor’s money from the corruption schemes of money laundering. This is why the entirely new bank (First Rafidain Bank). The digital dinar is going to play a pivotal role in this transformation of the banking sector along with the “First Rafidain Bank Heck we just read today that billions had been money laundered through new creative ways. So, this is why I believe the digital dinar is so important. I had to give the investors a reassurance of their funds in Iraqi banks.
I quote from the article “Rafidain Bank General Manager Ali Al-Fatlawi announced that “the bank is at the beginning of a new phase, one that is more advanced and influential in the Iraqi financial landscape.”
You might also want to take a peak at these other articles titled:
😊“RAFIDAIN BANK GENERAL MANAGER: FINANCIAL TECHNOLOGY IS THE FUTURE OF THE BANKING SECTOR IN IRAQ.”
Rafidain Bank’s General Manager, Ali Al-Fatlawi, confirmed that the bank has witnessed a qualitative transformation in recent years, becoming a pillar of the modern Iraqi banking sector through adopting financial technology, enhancing banking inclusion, and adhering to international standards of integrity and compliance.
(Remember all the articles about the digital dinar? This is what they are going to use to transfer funds for imports and exports abroad. No more dollar only SAFE dinars. This is also what will introduce dinars to the international community. They will have to launch FOREX at this time. They will have no choice.)
😊“CENTRAL BANK: WE WILL LAUNCH A MAJOR INITIATIVE TO FINANCE INDUSTRIAL PROJECTS”
The Central Bank of Iraq announced on Sunday its intention to launch a major initiative to finance industrial projects in cooperation with the Trade Bank of Iraq and the Industrial Bank.
Are you HAPPY yet!
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What can we as investors do right now?
- Pray and pray some more for the people of Iraq
- Be very patient….
- Do not sell your dinar….
- No more silly 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, Frank26 and “The Big Call” idiots.)
- Don’t over speculate and set unjustified expectations, be real and stick to the FACTS.
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.
NOTE: These prophecies just keep getting better and better, giving us HOPE of a bright future. But the real reason why I listen to them is that we can actually see what God says He will do taking place right in front of our noses. It is a confirmation to me that God is real and is still with us forever just as in biblical times.
From God to the PROPHET: Julie Green
“ Brace For The Fallout of The Big Lie of 2020 Will Bring “
Prophecy begins at the 17:32 mark. First of 5 prophecies given this past weekend. I will try to get all 5 of these very explosive prophecies to you this week.
It appears the exposure of the big lie from the 2020 election is now about to come out. Julie has talked about his many times, but not in this intensity. If you think you know it all already, God is going to exposure much, much more of just what happened and how they did it.
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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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WHAT I CALL KIM CLEMENT’S COMPLETE CELL PHONE PROPHECY. WOW!
You especially can’t miss this one related to the middle east again and what is about to happen.
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MEET THE DOGE TEAM.
Aren’t you getting sick and tired about now of the democrat liberal rhetoric about the DOGE Team? So, what is the TRUTH. Who is actually on it and how do they operate? They are not a bunch of mischievous high school kids as the democrats want you to believe. See for yourself the lies being told.
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WHAT DOES THE DEMOCRAT PARTY STAND FOR ANYWAY?
What is do bad about cutting waste and saving taxpayers billions, maybe even cutting your taxes as a result. Do they even know themselves? If you are a democrat and object to the Trump DOGE agency, then you might want to watch this video and learn something. I find it amazing how people forget so soon, if they ever even learned anything at all in the past.
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LIBERAL JUDGES TRY TO UNDO TRUMP’S VOTER MANDATED AGENDA
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TRUMP SIGNS EXECUTIVE ORDER AIMED AT ‘FIXING ELECTION’ INTEGRITY
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KIM CLEMENT PROPHECY – XRP & A NEW ENERGY – GIVEN IN 2010
I believe this is our time for this prophecy. This will change everything. What about Iraq and their oil sales revenues? What will happen to the middle east oil?
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TRUMP’S SECRET PLAN TO REWRITE THE FINANCIAL SYSTEM!
This could be one of the biggest wealth building opportunity of the century. What is the Trump administration up to?
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FACING A MAJOR “RESET”: TRUMP TEAM PLANS “SIGNIFICANT” MOVE ANCHORED BY GOLD
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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.”
It is LENT time for us Catholics. Praying the rosaries for me is my way to pray and has had a significant impact on my life and focus during this Easter season. I find it is good to remember the Stations of the Cross during lent and what our savior did for us. In know many of you may not be Catholics or even Christians but try to take a different approach this Easter. Try to see what all the fuss is about Christ. Put yourself in Christ shoes (or should I say sandals) as an ordinary person in today’s world. You can quickly see that the nature of man has not changed very much and if Christ were born today, many would probably try to crucify him. Have we not learned anything?
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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.
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for God’s Help
AL-SUDANI: WE HAVE CONTROLLED THE SALE OF DOLLARS AND ARE WORKING TO REFORM THE BANKING SYSTEM.
Prime Minister Mohammed Shia al-Sudani confirmed the government’s control over dollar sales, and that financial transfers are conducted in accordance with internationally recognized procedures.
During a televised interview broadcast on Al-Sa’a Network, Al-Sudani stated that “the government has contracted with reputable international companies to reform the private banking sector.”
He added that “the Iraqi banking system operates transparently in accordance with international standards,” stressing that “we have reached the final stages of establishing the first Rafidain Bank, to develop the banking system and achieve development.”
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TALKING ABOUT $2 BILLION MISSING AND A CATASTROPHIC SITUATION, A DEPUTY CONFIRMS THE CONTINUED SMUGGLING OF DOLLARS THROUGH “NEW METHODS.
Parliamentarian and member of the parliamentary economic committee, Sipan Shirwani, confirmed that billions of dollars are lost in government bank accounts, pointing to “a new way to smuggle US currency to sanctioned countries.”
“According to the reviews we conducted on the banks in the past period, we found a catastrophic situation in which Iraqi banks are operating, including those affiliated with the Ministry of Finance,” Sherwani said in an exclusive interview with Al-Jabal platform on Thursday. “When you look at the expenditures, you find billions of dollars in corruption cases,” he added, noting that “the numbers are beyond the range of expectations, and there is no oversight of these amounts.”
Sherwani stated that “in one case at the Trade Bank of Iraq (TBI), two billion dollars are missing, and in another case, two trillion dinars were given as loans to the people, and nothing was returned. This reflects negligence on the part of the bank itself and the Ministry of Finance.” He pointed out that “if there was no collusion between these parties, there is certainly a reason for the failure to return these funds. This proves the failure of the bank and the authorities responsible for managing the people’s money.”
At the same time, Shirwani added, “The smuggling of dollars abroad is continuing, and smugglers have found a way to smuggle the currency to neighboring countries and from neighboring countries to countries subject to US sanctions,” stressing that “this is documented.”
The parliamentarian said, “We see astronomical amounts of Iraq’s financial resources being squandered, left unattended, and these sums are public funds deposited by the ministry in these banks for citizens to benefit from in various projects.” He added, “These funds are being given to specific entities without revealing the identity or private information of those entities, and they are not returned.”
According to Sherwani, “There are banks that have lost an estimated two billion US dollars due to non-performing loans, and in other banks, the amount of lost funds has reached one billion dollars, or trillions of Iraqi dinars,” indicating that they “were granted to private entities, individuals, and companies.”
The MP had previously held a press conference at the Parliament’s press center regarding the “failure of the Ministry of Finance and government banks to manage state funds.” He said that “in the absence of accurate oversight, billions of dollars have been lost in government banks without any real accountability, which raises questions about the management of these financial institutions.” He pointed out that “Rafidain Bank has not been audited for more than nine years, in clear violation of transparency and accountability standards.”
He added that “TBAB has not been audited for four years, despite the volume of financial transactions it conducts,” stressing that “there are two trillion dinars in unrecovered loans at the bank, which constitutes a continuous financial drain. Financial obligations are converted from dinars to dollars, then sent to other countries and then smuggled to countries subject to sanctions. What raises suspicions about dollar smuggling operations is the disappearance of two billion dollars when it was received from Hamdia Al-Jaf at TBI.”
Sherwani pointed out that “TBI’s smart cards are ineffective outside Iraq, which requires an official explanation for this disruption. Obtaining loan funds in dinars instead of dollars leads to price differences of up to 10% between the official rate and the parallel rate, causing losses to the state treasury.”
To protect public funds and recover defaulted loans, the MP confirmed, “We contacted the Ministry of Finance and the relevant banks to obtain the required data, but TBI Bank refused to provide us with the information under the pretext of account confidentiality, ignoring its responsibility to protect citizens’ funds instead of covering up suspicions of corruption. The Ministry of Finance and Rafidain Bank refrained from responding to our official communications despite repeated confirmations.” He stressed, “Based on this, and in accordance with Law No. 15 of the Council of Representatives and its formations, we will resort to the necessary legal measures and refer the entire file to the Integrity Commission, the Financial Supervision Bureau, the judiciary, and the Public Prosecution to ensure accountability and recover state funds.”
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AL-SUDANI: RESTRICTIONS ARE USEFUL, AND I ASKED THE AMERICANS ABOUT THEIR SILENCE ON THE DOLLAR CHAOS BEFORE ME!
Answered about selling 300 million daily
Prime Minister Mohammed Shia al-Sudani asserted that US sanctions were the best way to eliminate “rogue shops” and that the punitive measures imposed on Iraqi banks were a result of the previous government’s failure to fulfill its commitments to the US.
He also said that the Treasury described the progress in reforming the banking system as “the revolution we dreamed of.” During a lengthy interview, al-Sudani justified the increase in the Central Bank’s dollar sales by the acceleration of construction activity and the import of building materials. He also promised to launch a reform plan to correct the banking sector, which is “the most important in Iraq’s history.”
Mohammed Shia Al-Sudani, during an interview with journalist Samer Jawad:
There is an exaggeration of the problems facing Iraq, even though countries face many similar challenges, even on the security level. During the ISIS crisis, they said that Iraq was finished, and on the economic level, they said that the economy was finished, but things later proceeded normally.
After assuming the premiership, I faced the issue of the agreements between the previous government, the Treasury, and the US Federal Reserve, which were two years old at the time, regarding a roadmap for Iraq to enter the global financial compliance circle. However, the previous government did not implement any of them, and the deadline expired at the beginning of my government.
My government was able to transform the challenge and commitment to the U.S. Treasury and the Federal Reserve into an opportunity to reform the Iraqi financial and banking system. This came at a social and political cost, which our opponents exploited. However, we leveraged the issue to end the anomalous situation of dollar-selling shops, which we all complained about, and we were able to implement the imposed obligations.
The sanctioned banks were sanctioned for violations committed during the previous government’s term. The sanctions imposed by international institutions were related to that period, but there are no violations in this regard now.
We have been able to implement the standards, and now the Iraqi banking system operates transparently, in accordance with international compliance standards and certified by international institutions. During my last visit to New York, the US Treasury representative informed us that Iraq has achieved a revolution we had dreamed of in previous periods. International compliance standards have been applied to all Iraqi financial transfers, via correspondent banks and the US audit firm. Not a single dollar is spent without passing through these bodies.
The only cash dollars exchanged are for travelers, and are spent at the plane door. Therefore, not a single dollar is exchanged outside of improper transactions and procedures. The Central Bank’s increased dollar sales have a different interpretation related to construction and development in the country, unlike what used to happen in the days when the process was conducted through receipts and chaos. Thirty percent of the value of our annual imports goes to construction materials, and this reflects the scale of construction and development.
The Iraqi banking system has reached such a level of reliability that international banks have begun opening credit lines here. We have contracted with Oliver Wyman to reform the private banking system, and we will launch the reform plan after Eid. It will be the most important plan since the founding of the Iraqi state. The government banking sector will be reformed under the supervision of Ernst & Young.
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AL-SUDANI: THERE IS NO AMERICAN REQUEST TO PERMANENTLY DISSOLVE THE POPULAR MOBILIZATION FORCES, AND IRAQ’S ACCOUNT IN THE FEDERAL RESERVE IS NOT SUBJECT TO GUARDIANSHIP.
Prime Minister Mohammed Shia al-Sudani confirmed that the US Treasury informed him that Iraq’s progress on the dollar issue “represents a revolution we’ve been dreaming of,” announcing the imminent launch of the most important plan to reform the private banking sector in the country’s history.
Al-Sudani said in a press statement that “Iraq’s account with the US Federal Reserve is now under the control of the government and is not subject to Washington’s tutelage.” He explained that he responded to questions about the United States’ silence over the past 20 years by saying, “America wants to verify the final destinations of its dollar, and this is its legitimate right.” He stressed that “there is no American request to dissolve the Popular Mobilization Forces permanently.”
The Prime Minister indicated that his government has no regrets about the one million job positions included in the three-year budget, stressing that this decision stems from the government’s commitment to addressing accumulated structural and social problems.
Regarding the industrial sector, Al-Sudani revealed that products from 54 Iraqi factories are being exported to foreign markets, indicating that this step reflects a significant development in enhancing national production capabilities.
In the energy sector, Al-Sudani announced an increase in electricity production from 19,000 to 27,000 megawatts, stressing that these efforts are part of the government’s strategy to improve services and meet citizens’ needs.
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IRAQ AND THE APPEASEMENT STRATEGY: A DIFFICULT BALANCE IN TIMES OF PRESSURE
Iraq has recently faced a significant escalation in US economic and financial pressure, primarily targeting dollar transactions and Iranian gas imports, along with repeated demands regarding the future of the Popular Mobilization Forces. These pressures come as part of Washington’s efforts to isolate Iraq economically from Iran, with the aim of strengthening the effectiveness of sanctions imposed on Tehran to force it to reassess its nuclear program.
However, this policy presents Iraq with complex challenges as it attempts to maintain a delicate balance in its foreign relations.
Recent reports indicate that the United States has refused to renew the waivers that allowed Iraq to import gas and electricity from Iran. This was confirmed by Iraqi Foreign Minister Fuad Hussein on March 19, 2025, who noted that Washington described the decision as “irreversible.”
This decision threatens to exacerbate the energy crisis in Iraq, which relies heavily on Iranian gas to power its power plants. Imported gas accounts for approximately 40% of the country’s total energy needs, according to estimates from the Iraqi Parliament’s Oil and Gas Committee.
On the financial front, the United States is seeking to restrict dollar transactions in Iraq to prevent its smuggling to Iran, which is suffering from massive economic pressures due to sanctions. According to a report, Washington believes that cutting off these financial arteries will directly weaken Tehran, thus strengthening the impact of the sanctions.
But this approach places the Iraqi government in a difficult position, as Iraq holds financial reserves exceeding $100 billion in the United States, making it dependent on Washington’s goodwill to access its oil revenues.
(This is why the U.S. won’t transfer the remaining DFI funds to Iraq and keep renewing exec order 13303. See it now?)
Separately, statements by the Iranian ambassador to Baghdad, Mohammed Kazem Al-Sadiq, on March 27, 2025, sparked widespread controversy when he said that US President Donald Trump’s letter to Iranian Supreme Leader Ali Khamenei included a request to dissolve the Popular Mobilization Forces and other armed factions.
However, Iraqi Prime Minister Mohammed Shia al-Sudani quickly denied any direct US request in this regard, stressing that any decision to dissolve the factions is linked to the end of the international coalition’s presence in Iraq.
For his part, MP Alaa Al-Haidari defended the Popular Mobilization Forces Law, considering it an internal matter aimed at honoring those who sacrificed for the nation.
The Iraqi government is adopting a strategy of appeasement in its foreign policy, attempting to maintain a balance between the United States and Iran, two of its historical allies. However, this approach faces increasing challenges, especially with mounting US pressure to end economic and military coordination with Tehran. Analysts believe that Washington also aims to “undermine the unity of the arenas,” the strategy Iran uses to connect its fronts in Iraq, Syria, Lebanon, and Yemen.
Economically, Iraq is paying the price for its heavy reliance on Iran for energy. Iraqi lawmakers have called for exploring alternatives, such as Qatar and Turkey, for gas imports. However, this step requires huge investments and a long-time frame, both of which may be unavailable given the current crisis. Conversely, experts believe that economic decoupling between Baghdad and Tehran could increase pressure on Iran, but it could also cause internal unrest in Iraq, especially if the electricity crisis worsens.
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IRAQ PREPARES FOR THE LARGEST LEAP IN ELECTRICITY PRODUCTION: HISTORIC CONTRACTS WITH GE AND SIEMENS AND PLANS TO COMPENSATE FOR GAS SHORTAGES.
Minister of Electricity Ziyad Fadhil revealed on Friday that Iraq is about to sign two historic contracts with the American company General Electric and the German company Siemens to boost electricity production. The first contract will provide 24,000 megawatts, while the second will add 10,000 megawatts to the national grid.
The minister confirmed in a statement received by Al Furat News that “the issue of importing Iranian gas has not yet been resolved, explaining that the ministry has not received any official notification of the suspension of supplies, while discussions on the matter are still ongoing.”
In the face of any potential gas supply shortage, Fadel noted that “the government has alternative plans, including the use of kerosene, taking advantage of electricity interconnection projects with neighboring countries, solar power plants, combined-cycle units that do not require fuel, and the establishment of a floating gas platform at the port to enhance energy sources.”
The minister noted that “the ministry is currently implementing the largest campaign to resolve power grid bottlenecks in all governorates, by upgrading and creating new lines and installing transformer stations, with the goal of achieving greater stability in supply hours.”
Regarding warnings of an electricity crisis next summer, Fadel confirmed that “there is an exaggerated hype,” emphasizing that the government is well aware of the challenges and has clear plans to address them and ensure stable electricity supply in the coming months.
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PARLIAMENTARY COMMITTEE: POLITICAL DISAGREEMENTS OBSTRUCT PASSAGE OF OIL AND GAS LAW
The House of Representatives’ Oil, Gas, and Natural Resources Committee acknowledged on Sunday that political differences are impeding the passage of the oil and gas law, stressing that consensus between Baghdad and Erbil is a prerequisite for its passage.
Committee member Bassem Al-Gharibawi told Al-Maalouma News Agency that “disagreements between the federal government and the Kurdistan Region are hindering the passage of the law in parliament.”
He pointed out that “political ambiguity remains an obstacle to resolving the issue during the current parliamentary session.” He pointed out that “the law is considered controversial legislation, and it can only be passed with political consensus among all parties.”
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CENTRAL BANK: WE WILL LAUNCH A MAJOR INITIATIVE TO FINANCE INDUSTRIAL PROJECTS
The Central Bank of Iraq announced on Sunday its intention to launch a major initiative to finance industrial projects in cooperation with the Trade Bank of Iraq and the Industrial Bank.
“We are currently making arrangements to finance major industrial projects through coordination between the Trade Bank of Iraq and the Industrial Bank. This will be done by utilizing the liquidity available at the Trade Bank of Iraq and recycling this money in the Industrial Bank to launch a major initiative to finance industrial projects in Iraq, which will soon see the light of day,” Central Bank Governor Ali Al-Alaq told the National News Agency, as reported by Kalamah News.
He added, “This initiative was recently proposed by the Cabinet as part of the government’s banking sector reform program and government measures with the Central Bank,” noting that “the Cabinet agreed to cooperate between government banks with a financial surplus to finance a package of industrial projects through the Industrial Bank.”
He explained that “all other projects are funded according to their sectoral channels, as part of the government’s general approach to supporting industrial, agricultural, housing, education, health, investment, and other projects.”
(WOW! WOW! WOW! This is going to get us the reinstatement. Are you listening? Please go to my RV Status commentary in todays Newsletter to understand why I am saying this. Please also read the next article about Rafidain Bank initiatives. 😊 😊 😊 Hang in just a little while longer. The RV is coming! )
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RAFIDAIN BANK CEO: THE BANK IS AT THE BEGINNING OF A NEW PHASE WITH GREATER INFLUENCE ON THE IRAQI FINANCIAL LANDSCAPE.
Rafidain Bank General Manager Ali Al-Fatlawi announced that “the bank is at the beginning of a new phase, one that is more advanced and influential in the Iraqi financial landscape.”
Al-Fatlawi said in a press statement, “The bank has witnessed a qualitative transformation in recent years, becoming a pillar of the modern Iraqi banking sector.”
He explained, “We have contracted with the American University of Baghdad to implement advanced programs in banking management, financial risks, and compliance,” noting that “advanced systems have been adopted to combat money laundering and terrorist financing, including the UN-backed GoAML system.”
Al-Fatlawi continued, “We launched a team dedicated to developing banking initiatives and contributed to settling electronic payment revenues for most government departments.”
He added, “We launched electronic payment services that made it easier for employees and retirees to receive their benefits. We aspire to make Rafidain Bank a model of banking leadership in Iraq and the region.”
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RAFIDAIN BANK GENERAL MANAGER: FINANCIAL TECHNOLOGY IS THE FUTURE OF THE BANKING SECTOR IN IRAQ.
Rafidain Bank’s General Manager, Ali Al-Fatlawi, confirmed that the bank has witnessed a qualitative transformation in recent years, becoming a pillar of the modern Iraqi banking sector through adopting financial technology, enhancing banking inclusion, and adhering to international standards of integrity and compliance.
Al-Fatlawi said in a statement reported by the official news agency, and reviewed by “Al-Eqtisad News,” that the success was not merely the result of administrative decisions, but rather an integrated vision based on investing in human capital, building strategic partnerships, and upgrading banking services in accordance with the latest international standards.
Al-Fatlawi believes that no financial institution can achieve success and sustainability without qualified personnel possessing modern skills. Therefore, investing in the development of the bank’s employees was one of our main priorities. We allocated large budgets for training, sent our staff to educational programs inside and outside Iraq, and contracted with the American University in Baghdad to implement advanced programs in banking management, financial risks, and compliance.
The General Manager of Rafidain Bank added that enhancing financial integrity was a priority, and we adopted advanced systems to combat money laundering and terrorist financing, including the UN-supported GoAML system, and cooperated with the global company K2 to develop compliance systems. He indicated that these steps strengthened the confidence of international regulatory and banking authorities in the bank and contributed to improving our position in the financial market.
He pointed out that financial inclusion is not an option, but an economic necessity. Therefore, we launched a team specialized in developing banking initiatives and contributed to the settlement of electronic payment revenues for most government departments, which reduced reliance on cash. We also launched electronic payment services that facilitated the easy collection of dues for employees and retirees.
He announced the launch of the ATM service for the first time, and the introduction of a savings card as a new service to enable customers to invest their money intelligently. We are also in the process of issuing a credit card, which will facilitate financial transactions inside and outside Iraq, placing us among the ranks of digitally advanced banks.
The General Manager of Rafidain Bank pointed to the establishment of partnerships with global institutions such as Ernst & Young (EY) to develop banking governance, and with K2 Global to enhance financial compliance, noting that these partnerships have increased the efficiency of our operations and made us more compliant with international banking standards.
He explained that Rafidain Bank is at the beginning of a new, more advanced and influential phase in the Iraqi financial landscape, as we continue to launch digital services, enhance financial inclusion, and expand our international partnerships. He indicated that we aspire to make Rafidain Bank a model of banking leadership in Iraq and the region.
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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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