ABOUT THE NEWSLETTER:
June 10, 2025 Mnt Goat News Brief
Guten Tag everyone:
I have some WOW! news for you today again. No lies or speculation, just the FACTS.
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 for YOU 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. I am saying this takes time and is like a third job.
I recommend $10-$15 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!
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Matthew 10:8:
“Freely you have received; freely give”
More news….
IRAN WILL PRESENT ITS NUCLEAR PROPOSAL TO THE UNITED STATES VIA MUSCAT.
Iran said on Monday it would soon present its proposal for a nuclear deal with the United States, after describing Washington’s offer as containing “ambiguities.”
“We will soon present our proposal to the other side via the Sultanate of Oman once it is finalized,” Iranian Foreign Ministry spokesman Esmail Baghaei told a news conference. “It is a reasonable, logical, and balanced proposal, and we strongly recommend the American side seize this opportunity.”
Last week, Iranian Supreme Leader Ayatollah Ali Khamenei said abandoning uranium enrichment was completely against the country’s interests, rejecting a key US demand in talks aimed at ending a decades-long dispute over Tehran’s nuclear ambitions.
(You can read the full article in the Articles Section of today’s Newsletter.)
More news….
IRAQ TO BECOME “A MASSIVE SUCCESS STORY”
Iraq is experiencing unprecedented stability and security, creating significant opportunities for international businesses, according to Abir Burhan, Company Director of Al-Burhan Group (ABG), speaking at the Iraq Britain Business Council (IBBC) Spring Conference in London.
Burhan outlined how the operating environment has transformed dramatically over the past year, with the Iraqi government actively inviting international investment and reducing hostility towards foreign businesses. “We’ve been through the worst of it, and we finally see that Iraq is becoming really stable and secure,” he told delegates.
(You can read the full article in the Articles Section of today’s Newsletter.)
STATUS OF THE RV
Before I get to the juicy news for today, I first find it important to explain just how ridiculous and stupid much of these statements that are now being made by many of these intel gurus like TNT Tony, Bruce, MarkZ, Melonie Hines and many others. Remember that this is why I started my Newsletter in the first place, to clarify this crap. Somebody has to bring some common sense and TRUTH to this investment intel. No, no lower denominations are out anywhere in Iraq, I can guarantee it! No, the RV has not yet happened. No, it is not yet trading on “backroom” Forex.
WARNING
I am going to be harsh today and may make statements that may offend some readers. But somebody has to bring CLARITY and TRUTH to this IQD RV saga. I always say, if the shoe fits, wear it. I know there are many TNT and Bruce followers reading my blog. All I can ask is to stop all association with these scammers.
So, I believe that many of these intel gurus have their heads screwed on backwards. Where in hell did most of these idiots come from? No, it’s not about speculation but rather giving their listeners the truth as it is reported from Iraq. You do want to get the TRUTH? Oh..you don’t care about the TRUTH? You just want to make a buck off this RV saga anyway you can?
Anyone can speculate. A first grader in elementary school can do a better job that most of these idiot gurus. We don’t need these intel gurus to do it. What good are they…really! Over speculating is lying. We should all have had just about enough of this crap already. It is not necessary to guess. If you know the CBI plan to RV and follow the news from Iraq you should know that the RV could not and would not RV every weekend. “You’ll be at the banks on Monday”, really? Who’s telling them this fake intel? The writing is on the wall and all we need to do is sit back and wait. There’s no rushing it. Can anyone of these stupid intel gurus even point out a couple main issues facing Iraq today? I bet they can’t.
I want to show everyone today just how wrong and stupid some of these statements are now being made but these intel gurus:
- Here is one by TNT and I quote “Tony and Ray confirmed, the rate is live in Iraq. All their contracts and projects are based on it so will not be a long at all.” How many times over the last 20 years have we heard this crap, yet we still sit here with no RV. So, what is wrong with this statement?
- Another one is statements made by this NINJA Warriors site on You Tube. Oh boy this is one really bad! Here is their nonsense and I quote “Iraqi Prime Minister Sudani has made a groundbreaking live announcement, confirming major developments regarding the long-awaited Iraqi Dinar Revaluation (RV). This marks a historic turning point for the global currency landscape and could impact millions of investors worldwide” Sudani made no such announcement.If he did then way don’t they show the proof. Why is because they can’t. There is no proof, get it? It did not happen. Get it? Folks all I can add to these kinds of statements are all lies. I am not trying to discourage anyone from this investment but these kinds of premature statements are just lies. I can not describe them any clearer.
What new rate? The CBI official rate has not changed. The rate on ISX fluctuates a bit but that is the only rate change I see. Oh could it the new price of oil that has changed, get it. Oh … yes that’s it! 😊 This is not a new dinar rate. It is just the price of oil they will use to determine if they can complete a project or not. It’s called revenue streams! Some projects may have to be cut or scaled down to match the revenues. Today they even tell us in article titled “140 TRILLION DINARS ENTER THE IRAQI TREASURY IN ONE YEAR, 91% OF WHICH COMES FROM OIL.“ that oil is still 91% of the revenue streams for Iraq. So, if oil drops, so must their budget. The finance committee just told us that they are now finishing up and getting ready to roll out the budget tables. Here is the article titled “TO SPUR INVESTMENT, PARLIAMENTARY DEMANDS TO EXPEDITE THE RELEASE OF THE 2025 BUDGET SCHEDULES.” Please go read it. I wish they did. These contracts are changing because the price of oil changed and the 2025 tables were revised.
Oh …. You might say they are just “misinterpreting the news from Iraq”. Yes, they are and that is the problem, get it? No more excuses! Whoever is feeding this bad information to these idiot intel gurus has a warped sense of humor.
Here is reality: The old tables for 2023 and 2024 were based on $70 a barrel and now they had to reduce the 2025 budget down to $60 as barrel. This is why its taking so long to roll out these tables. Of course, contracts are going to change. Yes, they are waiting for the new budget tables to roll out. It’s like trying to stop a moving train. The economy keeps moving ahead, yet oil prices drop. How does Iraq accommodate this change without racking up a huge deficit. This what they are trying to do. Get it?
The decrease in oil prices simply means there would be less money for projects, All their contracts and projects are based on it. Get it? So going forward there is a change but the change is less not even more. Again the new rate will never be in the budget. Get it? They are talking about allocations of money from the budget not the rate of the dinar.
However, for some reason these thick-headed idiots want to make everything about an RV. They are constantly over speculating. They make a mountain of intel over a mole hill of information. This stupidity must stop. Oh …. But they have such good sources? Really? Their little group of followers are constantly kept on the edge hoping for the new rate and to go to the bank. They are too dumb to realize they are being scammed. Every week, every weekend the same old bullshit. They are even paying this guy $100 now to hold a place on his site so when the RV does happen, they can pay $1,000 to be onboard and get financial advice on how to invest their money. They will also be told of new opportunities with a new set of currencies to watch. Is this TNT Tony a licensed financial advisor?
- So, again more crazy talk by these same intel gurus about some $2 rate in the country of Iraq and rolling out the newer lower denominations. I can guarantee you that $2 rate exchanges are NOT taking place across the pond (in country of Iraq or outside it). There is $2 rate in Iraq. They are still using the official CBI rate of 1320. This is all bullshit about lower denominations being out in Kurdistan or elsewhere. I have a contact that works directly on this project to delete the zeros in the CBI and I would know if any new rate comes out.
- Next we find yet more crazy, stupid statements like and I quote “that Iraq has revalued its currency (privately) and we wait the full public release”. These are also ridiculous statements made by idiots. They cannot back up even a word of what the hell they say. There are no facts, only stupid rumors. Trust me, when the CBI does bring out the newer lower denominations, articles will proceed it in the news. It won’t be a secret. Read my lips – THERE IS NO PRIVATE REVALUATION!!!! The rate is the official CBI rate. You can’t have an RV’s rate and then expect to still sell currency at another rate from the CBI. It simple is currency manipulation. Get it? This is exactly what the entire two and a half years has been all about – multiple rates. So, just how stupid of a statement can this be? Real stupid!
My CBI contact has told me months ago that the news articles are already designed and ready to go, given the proper timing. It is not yet! It will not be and cannot be some secret information only told to a few. These intel gurus, like TNT Tony, Bruce, MarkZ and other have to make you believe they have “secret” sources to get your attention. Do you see the dinar scam?
I am here to tell you they are liars and bullshitters. I know firmly how the entire process is going to work and they can’t skip any steps. They will not roll out a new RV’d rate to anyone until either they do it inside Iraq which will then be followed by a reinstatement.
The RV will happen suddenly, first an “official” CBI revaluation over the 1320. Then another revaluation to just over a dollar. Then a time period to collect the 3 zero notes, as the dinar will be worth more than the dollar. I was told the rate must be just over a dollar to incentive the citizens to bring in their hordes of stashed cash. Remember they have nearly 90% of the issued currency stashed. The banks need this for liquidity to lend out for the economic development projects.
The CBI has tried many different approaches to get these stashes of cash into the banks. Remember the articles about the “cash center”? Reluctantly, it has not worked fully to expectations by the CBI. So, today we learn about the beginning of yet another tactic to bring in all this liquidity into the banks. My CBI contact told me this and I quote- “if the citizens won’t bring the cash into the banks, we will do it for them”. After reading three main articles today I know what she meant. Here are the titles of the articles. Everyone should go the Articles Section, find them and read them carefully. I will then review my last conversation on Saturday with my CBI contact. But please read them first so you understand what I am going to talk about next:
😊”CASH PAYMENT BAN IN GOVERNMENT INSTITUTIONS”
😊”STARTING FROM THIS DATE, THERE WILL BE NO CASH PAYMENTS IN IRAQI GOVERNMENT INSTITUTIONS. ”
😊”THE ERA OF THE DIGITAL REPUBLIC HAS BEGUN. IRAQ IS CASHLESS, AND THE CENTRAL BANK IMPOSES ITS AUTHORITY AS THE “RULER OF THE COUNTRY.”
To be clear these articles are telling us that all government payments will now be electronically deposited in the banks for the receiver of the funds. No more cash windows at the banks to receive salaries in cash. No, I am NOT now talking about the currency auctions, that is something totally different. Let’s concentrate.
I can imagine also they will strictly limit the ATM machines too on withdrawal amounts of cash per month to eliminate future hoading. Remember we are now exclusively talking dinars not dollars, but there are hoards of dollars too that need to surface and will. This might excite the parallel market again but I was told this will be temporary until they are mostly flushed out. Iraq has been de-dollarized it would be hard to even use the dollars in most places. I firmly believe they have also broken the parallel market and essentially it no longer exists. These are two huge steps towards the Project to Delete the Zeros.
Remember also they gave almost a decade for the citizens to open bank accounts and get their debit card issued. They just announced that nearly 75% of the country’s citizens now have the debit cards and accounts. So, now they chose a target date to go ahead with the next step, the all digital, something they told us months ago was coming. They are ready to do it now.
Now let’s discuss more of what Iraq is telling us and the impact. They are telling us they must get these hoards of cash inside the banks. Remember there was just a recent article telling us that nearly 90% of the cash dinars are still outside the banking system. I imagine they have a pretty good idea how many dinars in-country vs out-of-country that they need to retrieve. So, this step is FIRST to concentrate on the in-country dinars. Next they are going to come after the out-of-country dinars. This is their plan, so I am told.
I asked my CBI contact- does this also include our dinars, held outside Iraq with investors? I would think it does, but I wanted to check. I was told YES, but in a much different sense than in-country. To explain my contact then said that if they don’t’ retrieve these dinars in-country first, before the revaluation, they will have a crash of the currency, since there will be too much in the money supply and hyper-inflation will occur. It would be really bad! So, remember the plan, she told me. They would first retrieve these hoards then, by revaluing the dinar in-country, then bring out the lower denominations. Since the US Treasury has not yet signed off to conduct the project the delete the zeros, they are moving ahead with what they can do to retrieve these dinars now. They are hoping that if successful the US Treasury will then sign off and more this part of the currency reform forward. Remember this is always an uphill battle for Iraq to get where they want to go.
Once the banks have collected most of these dinars, the CBI would then revalue the dinar in-country and then MONITOR FOR INFLATION. They would need permission first from the US Treasury and this has been the part of the issues related to Iran all along (a subject for another day). Oh…now I know why they keep telling me about this step of monitoring for inflation. I get it now…. Just kidding I got if before but I wanted to explain it so all of my readers get it. Got it?
😊Didn’t all the past and present directors of the CBI tell us so many times they needed STABILITY and SECURITY to conduct the switch out of the currency to the newer lower denominations? In an article today titled “IRAQ TO BECOME “A MASSIVE SUCCESS STORY” they told us that “Iraq is experiencing unprecedented stability and security, creating significant opportunities for international businesses, according to Abir Burhan, Company Director of Al-Burhan Group (ABG), speaking at the Iraq Britain Business Council (IBBC) Spring Conference in London. Burhan outlined. “We’ve been through the worst of it, and we finally see that Iraq is becoming really stable and secure,” he told delegates. Okay so now I would consider statement like this would more this currency reform ahead. So where is it? Remember that for the last six months all we have heard Iraq bragging about how rich they are. Of course this is all to attract more investors. It is exponential. They want to grow their economy.
So, then with my CBI contact, I wanted to move on to our dinars outside Iraq. I asked how are they going to retrieve our dinars? She replied let’s not get the horse before the cart. First things first. She said the CBI needs to get through this first initiative and this is why the CBI is moving ahead now with the mandatory all-electronic payment deposits ONLY. She said there is almost no way this new initiative can’t work and be successful. The CBI controls the salaries payments. But we all know Iraq and they always find ways around it. I asked how long would this take? She told me it begins early July. To gauge success, they must get through multiple months of payroll, then see remains in the banks and what new currency is deposited. Oh… that makes sense to me. This may force many to even take their stashes of cash and use the cash in the marketplace, if they neglected to get a card. Either way the banks are going to get the cash, she said. Many of the 25% of the citizens still didn’t trust the cards or they forgot to get their cards. They will remember when they have no money….lol..lol.. she laughed. They are going to force the citizens to depend upon the banks, like it or not. Remember that they will also still have ATMs, which we were told were pivotal for the Project to Delete the Zeros and now I also can see why this is the case. I hope all my readers also see it now too. It is all coming together and making total sense. The CBI said cash will still exist, but very limited.
Another point to make is the CBI is being VERY CLEAR on their stance that the Iraqi dinar (IQD) is not going to be a crypto currency. You can read the article for yourselves titled “CRYPTOCURRENCY ECONOMICS FOR IRAQ”. In the article it talks about cryptocurrency as a modern economic phenomenon. Cryptocurrency is unique in that it is outside the control of central banks, as it is not included in the “currency issued” by those banks, nor is it even outside the control of governments, consequently, monetary policy will face challenges in its ability to control inflation rates.
The statement by Counselor Prof. Dr. Mazhar Mohammed Saleh regarding the Central Bank of Iraq’s intention to issue a digital currency has sparked considerable public confusion. The concept has been interpreted as referring to the currency as being similar to the aforementioned cryptocurrencies. This is incorrect and not intended. Rather, it is an alternative to the established paper currency, and as such, it will be subject to the same controls as paper currency.
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😊I also wanted to bring my readers an update on Iraq’s future energy independence situation. In an article titled “US CALLS ON BAGHDAD TO NEGOTIATE QUICKLY: IRAQ’S INDEPENDENCE FROM IRANIAN INFLUENCE COMES THROUGH KURDISTAN’S GAS”. If you recall the US under Trump administration wants Iraq to be energy independent. This means getting off Iranian gas. Almost all of Iraqi energy is LNG from Iran. How silly is this since they are overflowing in LNG and burn off most if it from the wells. Can they capture it?
This of course would hurt the Iranian export gas business, since Iraq is a major customer. This demand by the US goes hand in hand with essentially telling Iran, with saying a word to them, that they can either join the rest of the middle east economy and western trade or suffer, tyranny can’t be tolerated, but if you persist there will be consequences and so this gas situation for Iraq is a very good example of what is to come if they chose to stay a terrorists state and develop weapons of mass destruction. Its all a pressure tactic using Iraq as their pawn. But it’s a very good thing for Iraq anyhow and they promised the US to do it for over a decade way before Trump.
So, recently we read that the US State Department considered, on Thursday, that the recent agreements concluded by the Kurdistan Regional Government with American companies to develop natural gas production constitute an important step towards addressing the chronic imbalance in the Iraqi energy sector, calling on Baghdad and Erbil to urgently coordinate to accelerate project implementation and enhance Iraq’s energy independence. So, now we all know why the US is pushing this so much in the midst of these nuclear talks with Iran. A ministry official told Shafaq News Agency, “The United States believes that Iraq will be more stable and sovereign by achieving energy independence and distancing itself from Iran’s harmful influence.”
Telling you the TRUTH, you do want to know the TRUTH?
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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
Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!
These prophecies are more important now more than ever. They give us the strength, perseverance and hope that a better time is coming and that God’s Hand is at work behind the scenes. If you just take a second even to look around you at these past three election cycles, how can you deny that God is at work? Are you sleeping or what?
It is amazing and there is no other way that these events could have happened the way they turned out. But there is more to come, much, much more, I assure you! Now that God has his biblical David re-elected, we need to pay attention to what He does next.
God told us it will be an “hypnotic November” and turbulent until June 2025 and so, isn’t it? Was He lying to us? Remember that these globalists satanic cult 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 to maintain control over you. If all else fails, they will get more and more desperate to overcome the good trying to rebuild and free our nation.
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 is taking place right in front of our noses. It is a confirmation to me that God is real and is still with us forever just as in biblical times.
From God to the PROPHET: Julie Green
The prophetic words seem to be getting more powerful which usually means we are coming to a climatic period and intensity as to when events begin to happen.
“Major Corporations Will Be Exposed and Their Plans Against You Are Being Brought To Nothing”
The prophecy today can be found at the 23:29 mark on the video. From May 30th.
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“The Biden is not the Only One Wearing A Mask”
The prophecy today can be found at the 19:11 mark on the video. From June 7th one of three that day.
Oh boy! You have to listen to this one today. It will shock you.
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About The Prophetic Word:
How do these people know these things? Is it God speaking to them of the future?
How is all these prophecies related to the IQD revaluation?
First I need to add that God has given multiple prophecies already about the IQD revaluation and His form of the global reset. In each He specifically talks about Iran, Iraq and Southern Asia (Vietnam).
With the prophecies, unlike the RV saga, we hardly ever get a firm timeline, but we must stay faithful and know that God will be faithful to us and provide what he promises to his prophets and promises to us. Like the clean out of SCOTUS now coming about so will the RV.
Remember that, like us listening to these prophecies, the dark side also listens to them and constructs obstacles in an attempt to overcome them and stop them. This is intentional and we will soon learn of the truths behind why the RV was halted in 2012, besides what we already know. There were some very dark elements involved.
We know the RV of the IQD is unstoppable but it can be delayed and was delayed by these dark elements in 2012. I firmly believe this is what happened in 2012 when the CBI has an “unprecedented opportunity”, according to Dr Shabibi in his 2015 interview before his passing, to get the Iraqi dinar back online in the foreign currency exchanges.
I have been trying to explain to everyone many time already that this is when the criteria all changed under the Obama administration, thus we sit for another 13 years waiting for Iraq to meet this new stringent criterion. They did this in a well-orchestrated, corrupt plan to hold it up, but only after these corrupt U.S. politicians exchanged their dinar and no longer cared about Iraq.
Folks it has been 13 years since! Are we now also approaching the other 2 prophecies by Kim Clement telling of the wealth transfer, the reset and the coming PEACE in the middle east. I have presented these prophecies to you also many times in the past. These are all connected together. All the signs show that this may very well be the time now for Iraq.
But today the prophecy we are looking at is about SCOTUS and the judges stepping down will also have huge implications on many things. Also, the impact on Federal and district court judges. Let’s just sit back and watch it all play out, knowing that God’s Hand is at work.
Kim Clement piece from 2014 prophecy
2 Supreme Court Justices will step down. This is going to happen shortly.
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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.
New
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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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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.”
You don’t have to be Catholic to pray….lol..lol.. As a Christian, 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 and throughout the year. 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?
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
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PAID RIOTERS ARE IN LA.
Who is behind them? The TRUTH about these riots is about to come out.
Miami Fl braces for potential anti-ICE protests, mayor says city is ‘ready’ as they claim they are going to go across the country in all major cities. Really?
ICE PROTESTERS TRAPPED: LAPD DECLARES MASS ARRESTS IN LA STANDOFF
Oh… I have nothing better to do today and so let’s go out and protest. Really? Of course, someone had to organize these protests and provide support. Why would they even want to stop ICE from arresting illegal immigrant gang members? Think about it? Now they’re talking about holding these riots throughout the U.S. Why? Like I said they are constantly trying to destabilize the U.S. and create chaos. They are distracting the people away from the real news of all the corruption now coming forward from Washington. The are Marxist instigators in the U.S.
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CONGRESSWOMAN DISCUSSES THE ONE BIG BEAUTIFUL BILL ACT (OBBA)
There are so many lies about this bill and its time the TRUTH comes out. There are many lies being spued constantly by the democrat party that need to be clarified. I want to give my commentary on four of them. The congress representative also talks about much more.
But you must take a few minutes to watch the video and educate yourself. If you have arguments later with people in political discussions, just send them over to watch this video. She does an excellent job at explaining the OBBA.
- No, it does not cut Medicare, it only restricts those that can receive benefits to those that are not really not able to work. This is the intent of these provisions in Medicare. It was not meant to be a social welfare program. Get it? There is talk that Medicare can’t be funded in the near future? Oh…gee whiz I wonder why! It is time to make a real effort to fix it. The fix is not more Medicare taxes, as the Democrat party proposed. Instead, it needed the DOGE treatment and sure enough they found the fraud. I feel they have not even gone far enough and there should much more reform in to who get the benefits. Those that can work will have to get off their lazy asses and work. Read my lips – “it does not cut Medicare!”
- No, it is not giving tax cut/breaks to just the very wealthy thus leaving the middle and lower classes behind, as most Democrats claim. Again, more propaganda by the democrats who don’t want America to thrive. Why is this? All I can say is look at the last four years. It boggles my mind on all the senseless spending and laws put in place by the Biden administration. Didn’t they even care about the economy? These tax breaks of Trump are mostly aimed at the middle class and small businesses. Go read the bill yourself if you don’t believe me. The Trump administration knows this is really the “heart” of America. Yes, the average working person.
- No, it is not adding to the national debt. The fact is the bill cuts nearly 1.6 trillion of annual deficit spending. Yes, there is initial spending but not straight spending. It is the largest lcut ever in government spending, but you have to let the plan work its way over time. Get it? It’s in the plan. We must give the Trump plan time to work. Like any business, you must first invest money to set it up, then if you did it properly along with other factors, the money comes rolling in. This is also why a third term for Trump may be the best thing too. Most of these plans for economic revival take more than four years to implement fully. It would be a disaster to have some democrat president come in power four years later and again try to kill all the Trump efforts, much like Biden (or who ever was running the executive branch) did in 2021-2024.
- No, it does not stop immigration to the U.S. Instead, it limits immigration to those that come and apply LEGALLY. Those that seek sanctuary must have a legal reason for it. They too must go through the proper channels. How does this create a humanitarian crisis under this Trump policy? I can hardly believe some people still believe that wide open borders is good. Are you stupid or what? The fact is having the borders wide open created the humanitarian crisis in the first place. It flooded the U.S. with illegal drugs. Remember that almost 80,000 children taken from the detention centers, put on a planes and then just disappeared. To this day they are still missing. But we all know where they went, don’t we? Get it? This administration is just trying to fix it so we won’t have all the suffering of homeless poor people racing across the border. We all read about the migrant camps and the money the states and the federal government had to spend to help them. Oh …. Did I mention the gangs, drugs and human trafficking that also came across the border.
ITS NOT WHAT YOU SAY, ITS WHAT YOU DO. WE DON’T FORGET.
It’s all about kindness, really? Of course, later to sell your book its now all about kindness, now that you’re thrown out of office.
Americans need to know who was running the country for 4 years of the Biden, but as important as exposure, we demand justice to who these people were. This is as TREASONOUS as it gets. Are the republicans AFRAID to prosecute?
THE BIDEN ERA SAGA. A CHRONOLOGICAL STEP-BY-STEP OF WHAT ACTUALLY MAY HAVE HAPPENED
I want to take my readers through a possible scenario of the Biden saga. Let’s see if this proven to be wrong, partially wrong or full of shit. You are always welcome to your opinion in these political situations before the verdict comes out.
So, Lets begin and break it all down as we know it today. I am sure you can add a lot to this chronological list:
- The real Joe Biden dies just prior to the election year. Some prophets say he was executed and so I would really like to know how and by whom. To me this part sounds ridiculous. Okay so he is dead by whatever means….
- The democratic party then scrambles as to who to put in the place of the dead Joe Biden. They have a meeting decide. The prophets expose this meeting to us but God does not give out names of most of the attendees.
- Instead of picking another candidate, they chose to keep going with Joe Biden. But Biden is dead and so how are they going to pull this off?
- The democrat Party handlers then decide to use a series of actors and limit the actors exposure to the general public. They know Covid is here and this will be easy to do with Covid restrictions. They chose a few candidates, used masks and makeup. They rehearse. They keep him in the basement of his house.
- So, one of the actors (I don’t know which one actually took the oath) was inaugurated in January 2021. But you might say how can they do this? This is not Joe Biden!
- They figure Kamala Harris can help whoever they put to take Joes place since she is a politicians and he’s not. They figure she is corrupt enough and can be trusted. Do you see now why the least wanted candidate from all the democrat debates was chosen to be his running mate. Remember his handlers carefully picked her. They knew she could be compromised. They proved to be right on.
- The handlers even build a second oval office stage somewhere to limit the Whitehouse staff access to him. Then he spends most of his presidency in his Delaware residence at the beach or in his fake office. Witness from his staff will testify his lack or presence in the oval office.
- When he does give a speech most of the time it is in front of cameras not a live audience, with the lights turned down low. Why is this? When he does come forward with audiences, they are very small informal meetings. He is told to be the “mean” Joe Biden that limits challenging questions and challenges to his competency. Then when around women and babies in crowds to be nice since they don’t ask questions. He was told to kiss a lot of babies.
- During his state of the union address they drugged up one of the actors, however you can clearly see towards the end he was getting very tired and incoherent. This is when he rambles and does not make any sense.
- So, the actor, which I believe was much older than the real Joe Biden to begin with, but a good look-alike, has serious physical issues. This is also why he was rushed back to Washington DC from California. This is why he just sits on the beach all day. The doctors too treating him are complicit and they too will have accountability under charges of treason. They will claim they had a patient / doctor relationship and were obligated not to tell. This defense will not work.
- So, who was really running the Presidency then? Remember the Biden you saw for 4 years was an actor with no political experience. He did not know the issues facing the country and so someone or some group had to be making most of the decisions for him. Was it Jill or Hunter? Maybe this is why the world and our country is in such a mess now? Their plan of deception backfired on them.
- The China and Ukraine money laundering schemes and pay for influence also could no longer by hidden as Joe used to protect them. The real Joe was no longer around.
- The election debate with former President Trump in 2024 was horrible and only flushed out the sick actor even more. Then what happened next shocked everyone.
- In 2024: at first Joe would not budge and refused to give up the candidacy for president. Excuses were made as to his bad debate performance. The democrat handlers, the same ones handling the actors so far, decided to pull him out. He resisted him. So, again the democrats where in a very bad situation just like in 2020. Who would be their candidate?
- Then something so ridiculous happened that even I had a hard time believing the democrats could do something so low and stupid. They gave the nomination to Kamala Harris. We know the rest of the story,,,, don’t we.
- Now for some reason the actor Joe keeps popping out. He just won’t give up.
- Exposure to his cancer finally comes out. We already know about his mental decline. But we must remember this is only an actor and not the real Joe Biden.
How do you feel about all this?
HIDDEN FINGERS ARE TAMPERING WITH THE RELATIONSHIP BETWEEN BAGHDAD AND ERBIL… EFFORTS TO ABORT AL-SUDANI’S SECOND TERM BEFORE IT MATURES –
Political researcher Nabil Al-Azzawi revealed on Wednesday (June 4, 2025) that there are political parties working behind the scenes to stir up tensions and disputes between Prime Minister Mohammed Shia Al-Sudani and the Kurdish forces in Kurdistan, in an attempt to block the renewal of his term for a second term.
Al-Azzawi told Baghdad Today, “There are political parties that do not want the elections scheduled for November 11 to take place, and they are seeking by all means to place artificial obstacles in the way of the government.” He pointed out that “these parties are working to undermine the growing trust between al-Sudani and the Kurdish forces, as they believe that an understanding between the two parties strengthens al-Sudani’s chances of remaining in office for a second term.”
He added, “Since assuming office, the Prime Minister has placed the relationship between Baghdad and Erbil at the top of his priorities. His first move was toward the Kurdistan Region, where he launched the ‘Sustainable Solutions’ initiative as an alternative to the policy of recurring crises. This has worried some forces that do not see a solution to these issues in their best interest.”
Al-Azzawi explained that “Al-Sudani is making clear strides toward removing the outstanding issues,” noting that “an expanded technical meeting is expected to be held in Baghdad, with the attendance of an official delegation from the region, to discuss a number of outstanding issues, including the push for the enactment of an oil and gas law, which would end many crises and open the door to radical solutions regarding the disputed areas and Article 140 of the constitution.”
The political researcher emphasized that “leaving these issues unresolved threatens the political stability Iraq currently enjoys, especially in light of the complex regional circumstances,” asserting that “inciting conflicts at this time only serves narrow agendas, while citizens today need services and development, not escalation and conflict.”
Al-Azzawi pointed out that “there are multiple internal parties, some of them from within the Coordination Framework, seeking to obstruct al-Sudani’s rapprochement with the Kurds, due to their awareness that the support of Kurdish and Sunni forces puts him in a strong position to secure a second term, something these parties do not desire, as they are working to shuffle the political cards to preserve their own interests.”
Observers believe that since assuming the premiership in October 2022, Prime Minister Mohammed Shia al-Sudani has sought to adopt a comprehensive de-escalation policy and prioritize dialogue to resolve outstanding issues, particularly between the federal government in Baghdad and the Kurdistan Regional Government.
His first official visit was to Erbil, a clear indication of his desire to open a new page with the region.
During his tenure, Al-Sudani focused on thorny issues such as the oil and gas law, disputed territories, and the implementation of Article 140 of the constitution. These issues have been a source of tension between the two sides for years.
As the local elections approach and talk escalates about the possibility of renewing al-Sudani’s term for a second term, a counter-political movement has begun to emerge, seeking to undermine this process by re-escalating tensions with the region and raising contentious issues as part of the power struggle between political forces within and outside the Coordination Framework.
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TO SPUR INVESTMENT, PARLIAMENTARY DEMANDS TO EXPEDITE THE RELEASE OF THE 2025 BUDGET SCHEDULES.
Member of Parliament Thaer Makhif confirmed that there are demands and intense debate within parliamentary circles regarding the necessity of releasing the 2025 budget schedules as soon as possible due to reasons related to investment projects and their suspension in most governorates.
Makhif told the Iraq Observer, “Although the budget was approved for three years, two years of which were distributed among the ministries, one year, the 2025 budget, has not yet been released, and the disbursement mechanism has not been determined.”
He added, “Finance Minister Taif Sami has begun to hint that there is no money, and this has angered the House of Representatives because many projects are stalled.” He pointed out that “among the stalled projects are two in Najaf Governorate affiliated with the Ministry of Water Resources, which were referred to contractors and have not yet begun work on them.”
He continued, “The representatives are keen to release the 2025 budget schedules and distribute these funds to ensure the sustainability and completion of stalled projects, especially since only a short period remains in the current government’s term.” He stressed the need to invest time optimally in the service of citizens and to keep the wheel of investment in the country turning, primarily.
It’s worth noting that the Ministry of Finance has completed the preparation of the budget tables following the Prime Minister’s approval. It is in the process of submitting them to the Council of Ministers for discussion and any necessary amendments. They will then be returned to the Ministry of Finance for referral to the House of Representatives.
The House of Representatives is expected to discuss the tables after the Eid al-Adha holiday, where a session will be held to ratify them. The Finance Committee will record its observations on the figures included in the tables, which are in line with the Iraqi government’s projected revenues for 2025, which do not exceed 150 trillion dinars, instead of the exaggerated figures of previous years, which ranged between 200 and 211 trillion dinars, of which only 156 trillion dinars were spent last year.
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CRYPTOCURRENCY ECONOMICS FOR IRAQ
Cryptocurrency is a modern economic phenomenon that first appeared in 2009 under the name (Bitcoin), and other types were invented that reached more than (2000) cryptocurrencies, then it gained great momentum recently due to the US administration’s adoption of this type of currency, and as a result its value is now estimated at about (2.70) trillion dollars.
This cryptocurrency is unique in that it is outside the control of central banks, as it is not included in the “currency issued” by those banks, nor is it even outside the control of governments. However, it is a popular market for speculators, who generate significant financial returns from it, and it is not without risks, of course.
Money is generally sought for three purposes: transactions, speculation, and hedging.
1.The first is its exchange value, as it is exchanged for goods and services and to meet obligations such as debt.
2.The second is used by speculators to generate financial profits. (that’s us)
3.The third is its role as a store of value, as individuals and institutions seek it to mitigate future risks. Therefore, a country’s central bank controls the money supply to control inflation rates by regulating prices.
Herein lies the challenge. The fact that this currency is outside the control of central banks means that there is cash out of control. Consequently, monetary policy will face challenges in its ability to control inflation rates. The challenge is even greater in the economies of developing and underdeveloped countries.
An important point to note is that if the demand for cryptocurrency is for the purpose of speculation and hedging, which is the most prominent form currently, then the severity of these risks will be reduced, unlike demand for transactional purposes, because goods and services will be immune from the waves of high demand. This keeps inflation rates within acceptable limits to some extent. However, the nature of this cryptocurrency, given that its market is not subject to the usual controls, keeps the risk present.
The statement by Counselor Prof. Dr. Mazhar Mohammed Saleh regarding the Central Bank of Iraq’s intention to issue a digital currency has sparked considerable public confusion. The concept has been interpreted as referring to the currency as being similar to the aforementioned cryptocurrencies. This is incorrect and not intended. Rather, it is an alternative to the established paper currency, and as such, it will be subject to the same controls as paper currency. This step, however, is currently difficult given the current energy crisis, weak internet connectivity, and weak digital literacy.
Therefore, cryptocurrencies remain a challenge facing the Iraqi economy, especially since speculation in them has become a reality in Iraq, according to some reports.
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US CALLS ON BAGHDAD TO NEGOTIATE QUICKLY: IRAQ’S INDEPENDENCE FROM IRANIAN INFLUENCE COMES THROUGH KURDISTAN’S GAS
The US State Department considered, on Thursday, that the recent agreements concluded by the Kurdistan Regional Government with American companies to develop natural gas production constitute an important step towards addressing the chronic imbalance in the Iraqi energy sector, calling on Baghdad and Erbil to urgently coordinate to accelerate project implementation and enhance Iraq’s energy independence.
A ministry official told Shafaq News Agency, “The United States believes that Iraq will be more stable and sovereign by achieving energy independence and distancing itself from Iran’s harmful influence.”
He added, “The agreements recently signed by Kurdistan Regional Government Prime Minister Masrour Barzani with American companies to expand natural gas production in Iraqi Kurdistan support this goal,” noting that “these projects, whether in the region or across the rest of the country, are in the interest of all Iraqis, especially in light of the ongoing electricity crisis.”
The US official continued, “We encourage Baghdad and Erbil to work together to begin gas production as soon as possible.”
The Kurdistan Regional Government announced the signing of two agreements with American companies HKN Energy and WesternZagros to develop the Miran and Topkhana-Kurdimir fields in Sulaymaniyah Governorate, with a total value estimated at approximately $110 billion, in one of the largest deals in the region’s energy sector.
The agreements aim to exploit natural gas resources more widely to meet the region’s and Iraq’s electricity needs and reduce reliance on Iranian gas imports.
The move sparked protests from the federal government in Baghdad, with the Iraqi Oil Ministry describing the agreements as “null and void,” noting that natural resource management falls solely within the purview of the federal government.
Investment efforts in Iraq’s energy sector face recurring legal and political challenges, given the absence of a federal law regulating the management of natural resources between the central government and the region.
The energy crisis is one of the most significant challenges facing Iraq, with most of the population suffering from frequent power outages, which worsen during the summer months. Iraq relies heavily on gas imported from Iran, at a time when supplies are affected by political and economic factors, most notably regional tensions and mounting debt issues.
Relations between Baghdad and Kurdistan have recently become strained, particularly after the signing of the gas contract with Washington. The Iraqi Ministry of Finance announced it would halt funding for the salaries of Kurdistan Region employees until May 2025, citing the region’s exceeding its budget share and its failure to deliver oil and non-oil revenues to the federal government.
In contrast, the Kurdistan Regional Government (KRG) considered the decision politically motivated and a violation of the constitution and Federal Court rulings. The KRG asserted that Baghdad had failed to honor its financial commitments despite Erbil’s previous commitments, and that the decision directly impacts more than 1.2 million employees ahead of Eid al-Adha.
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ORGANIZED PLUNDER: KURDISTAN’S PROFITS GO TO AMERICAN PARTIES AND COMPANIES
Economic analyst Ahmed Al-Waili revealed on Thursday “secret and unconstitutional” clauses in oil contracts concluded by the Kurdistan Regional Government with American companies. He pointed out that these contracts are not in Iraq’s best interests, but rather represent a systematic plunder of national wealth.
Al-Waili told Al-Maalouma News Agency, “The agreements concluded by the regional government with American companies stipulate that 25% of the profits will be shared by the companies, while 75% will go to influential figures and ruling parties within the region, without a single dinar reaching the Iraqi state treasury.”
He criticized the regional government’s “repeated demands for its share of the federal budget and employee salaries, while refusing to hand over oil revenues, ports, and taxes,” emphasizing that “the federal government has fulfilled all its financial obligations, but the region is not abiding by any agreements and is instead using the revenues to build financial empires affiliated with powerful parties.”
Al-Waili stressed that “this issue requires urgent intervention from parliament, the judiciary, and the Integrity Commission, with the aim of putting an end to tax evasion and looting and asserting autonomy over national resources.”
Earlier, Ali Al-Mashkoor, a member of the Parliamentary Oil and Gas Committee, confirmed that the Kurdistan Regional Government and the Ministry of Natural Resources are not committed to international resolutions and agreements concluded between the federal government and the region.
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140 TRILLION DINARS ENTER THE IRAQI TREASURY IN ONE YEAR, 91% OF WHICH COMES FROM OIL.
The Iraqi Ministry of Finance revealed on Saturday that the revenues in the 2024 federal budget exceeded 140 trillion dinars, confirming that oil contributed 91% of those revenues.
Shafaq News Agency reviewed the data and tables issued by the Ministry of Finance in May for the previous fiscal year’s accounts, which showed that oil remains the primary source of revenue for Iraq’s general budget, accounting for 91% of the total. This indicates that the rentier economy remains the foundation of the budget structure.
The tables indicate that total revenues in 2024 amounted to 140 trillion, 774 billion, 106 million, 157 thousand, and 464 dinars, while total expenditures amounted to 125 trillion, 214 billion, 440 million, 53 thousand, and 991 dinars.
According to the tables, oil revenues amounted to 127 trillion, 536 billion, 400 million, and 812 thousand dinars, representing 91% of the general budget, while non-oil revenues amounted to 13 trillion, 237 billion, 705 million, and 728 thousand dinars.
In this regard, economic expert Mohammed al-Hasani told Shafaq News Agency, “Iraq’s reliance on oil for its public revenues indicates that the country is still suffering under the burden of a rentier economy, disguised unemployment, and other economic problems that constitute an obstacle to any progress.”
He added, “Iraq needs major economic reforms focused on diversifying the economy, improving spending efficiency, and combating financial waste to ensure a sustainable economic future.”
In March 2021, the Prime Minister’s financial advisor, Mazhar Mohammed Salih, told Shafaq News Agency that the reasons for the economy remaining rentier are due to the wars and economic blockade imposed over the past decades, as well as the political conflicts Iraq is currently witnessing, which have led to the dispersion of economic resources.
The Iraqi state’s continued reliance on oil as the sole source of its public budget exposes the country to the risk of global crises linked to oil markets. This forces it to cover its deficit through external or domestic borrowing each time. This indicates a weakness in the management of public funds and an inability to find alternative financing solutions.
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WHAT ARE THE REASONS FOR THE DECLINE IN THE VALUE OF THE ISSUED CURRENCY PRINTED IN IRAQ?
Data from the Central Bank of Iraq (CBI) showed that the value of the issued currency (printed) in Iraq is currently at its lowest level in a year.
According to the latest statistical data on the issued currency in Iraq in April 2025, the value of the issued currency (printed) amounted to 98.4 trillion Iraqi dinars, down from 99.8 trillion Iraqi dinars in March 2025.
This value of the issued money in Iraq is the lowest in two years, specifically since March 2024, when the issued money reached 98.3 trillion Iraqi dinars.
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STARTING FROM THIS DATE, THERE WILL BE NO CASH PAYMENTS IN IRAQI GOVERNMENT INSTITUTIONS.
Advisor announced prime minister Saleh Salman...about banning cash payments in government institutions starting next month.
He said Salman in a statement to the official agency, which was followed by Alsumaria News, that “Iraq made significant progress in adoption Electronic payment systems “The financial inclusion rate rose from less than 10 percent in 2018-2019 to about 40 percent currently,” he noted, noting that “the number of devices Points of sale it reached 60,000-70,000, while the number of bank accounts increased to 22-23 million.”
He explained that “starting in July 2025, all government payments will be made electronically, prohibiting cash payments through government institutions.” He explained that “the government has launched awareness campaigns to encourage the public to adopt electronic payment systems and move away from the traditional cash-based culture.”
(Okay so what we are seeing is the full implementation of electronic payment of automatic deposit in Iraq for all government checks. Didn’t they warn the citizens this was coming and to get bank accounts and debit cards? So, now here it is finally. This will stop the hording of more cash outside the banks. But still what about the cash already stashed?)
He stressed that “the government has introduced the “Riyada” program in partnership with the Central Bank to provide financing and training for small and medium-sized enterprises,” noting that “this program provides a registration platform through which participants can access training and potential financing opportunities.”
He pointed out that “Iraq will remain open to foreign investment and international advisory services across all sectors, including legal, financial, accounting, auditing, and compliance services,” indicating that “government reforms aim to integrate Iraqi banks into the global financial system after decades of isolation due to sanctions and frozen assets.”
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THE ERA OF THE DIGITAL REPUBLIC HAS BEGUN. IRAQ IS CASHLESS, AND THE CENTRAL BANK IMPOSES ITS AUTHORITY AS THE “RULER OF THE COUNTRY.”
With increasing pressure on cash liquidity in Iraq, the government has begun expanding its reliance on electronic payment systems within state institutions. This move, which may appear on the surface to be a technical measure to modernize transactions, is essentially linked—according to experts—to an attempt to contain a growing financial crisis by reducing reliance on paper money and keeping as much of the money within the banking system as possible.
Al-Tamimi: The decision is not an administrative update, but rather an attempt to control liquidity.
Nasser Al-Tamimi, a financial and economic expert, confirmed to Baghdad Today that “the government’s decision to impose electronic financial transactions within institutions is not merely a regulatory move, but rather a direct response to the cash liquidity crisis the country is currently suffering from.” Al-Tamimi explained that “the government seeks to reduce demand for cash by converting transactions into digital electronic formats, which will ease pressure on the public treasury.”
He added, “The crisis may push authorities to make new decisions, such as imposing electronic payments in broader sectors outside of state institutions, or even restricting the withdrawal of full salaries from credit cards, allowing employees to withdraw only a portion while the remainder remains within the banking system.” He noted that “such measures are typically used in countries facing severe liquidity shortages, but they could spark widespread controversy if implemented without prior preparation.”
Saleh: The economy is moving from financial dominance to monetary influence.
In a deeper reading of this trend, Dr. Mazhar Mohammed Saleh, the Prime Minister’s advisor for economic affairs , believes in his latest statements that Iraq is witnessing a gradual shift in the balance of power between fiscal policy (concerned with spending and revenues) and monetary policy (concerned with liquidity management and stability), in what he calls “soft monetary dominance.”
Saleh says, “The Central Bank of Iraq has begun to play a pivotal role in managing macroeconomic balances, after years of pressure to directly finance the budget deficit.” He points out that “this shift does not mean the bank is monopolizing economic decision-making, but rather indicates a decline in the dominance of traditional fiscal policy, which was based entirely on oil revenues.”
He continues: “In light of weak non-oil revenues and the state’s ballooning liabilities, fiscal policy is no longer able to adapt to periodic shocks, forcing the Central Bank to bear the brunt of the burden by managing the exchange rate, injecting liquidity, and intervening in the market.” He believes that this transformation is taking place gradually and flexibly, so that monetary policy does not lose its independence, as guaranteed by Law No. 56 of 2004.
Overlapping policies and resorting to unconventional tools.
Saleh points out that one manifestation of this phase is the use of electronic payment tools as an indirect means of circulating cash and easing pressure on the paper currency. He explains that “transforming transactions to a digital system enables the state to keep liquidity under control and gives the central bank room to maneuver in the face of inflation and market fluctuations, without resorting to printing currency or excessive monetary expansion.”
However, this overlap between monetary and fiscal policy is not new. The central bank has previously used tools such as bond discounting and indirectly financing the government, which undermined its independence in previous periods. What’s new today, according to Saleh, is that the bank has become more disciplined and is showing a resistance to overstepping its boundaries, even if it conflicts with the expansionary policies desired by the executive branch.
Will the state succeed in this transformation?
Observers believe that the success of this path depends on the state’s ability to ensure a balance between imposing electronic tools and achieving financial and social justice. Digital payment systems cannot be imposed without improving infrastructure and creating genuine confidence in the banking system, especially in rural areas and regions that lack regular access to banking services.
Al-Tamimi also warns that any attempt to restrict cash withdrawals without realistic alternatives could lead to the creation of a parallel market or raise people’s fears of losing control over their money. He adds, “If the state wants this approach to succeed, it must clearly clarify its objectives and ensure citizens’ protection from any exploitation or banking loopholes.”
Between a pressing liquidity crisis and the Central Bank’s attempt to impose new stability rules, Iraq appears to be moving toward a “soft monetary model,” in which the state attempts to regulate the economy through electronic rather than traditional tools. However, this path, while necessary, requires a delicate balance between reform and gradualism, and between authority and trust, to prevent the move from becoming a new burden on citizens rather than a way out of an old crisis.
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CASH PAYMENT BAN IN GOVERNMENT INSTITUTIONS
Saleh Salman, the Prime Minister’s advisor for financial affairs, announced that “the government has appointed Ernst & Young to prepare a plan to restructure six to seven state-owned banks,” indicating that “the plan will be presented to the government for approval before the end of the current year.”
In a press statement, Salman indicated that the government will begin implementing a comprehensive ban on cash payments within government institutions starting early next month, as part of its efforts to enhance financial inclusion and governance.
He added, “Iraq has made significant progress in adopting electronic payment systems, with the number of bank accounts increasing to approximately 22 to 23 million,” noting that “Baghdad is currently cooperating with approximately 30 foreign banks, reflecting an improvement in the confidence of international financial institutions in the Iraqi banking sector.”
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AL-SUDANI: 80 LOCALLY MANUFACTURED GOODS ARE BEING EXPORTED, AND THE DEVELOPMENT PATH WILL CREATE A NEW IRAQ.
Prime Minister Mohammed Shia al-Sudani announced on Sunday that approximately 80 locally manufactured goods are currently being exported abroad, considering the vital “Development Road” project to enable Iraq to become an economic corridor serving the entire world.
Al-Sudani said in a statement during his meeting with a number of sheikhs and tribal leaders in Iraq, on the occasion of Eid al-Adha, that: “The fields of work are witnessing today a great deal of effort and the treatment of poor management and planning, and they have been returned to their proper path.”
He added that there are significant economic reforms underway, and that we have focused on the parallel economic sectors to oil, activating their contribution to the economy. He added, “We have been able to identify 80 Iraqi-made products that are currently being exported.”
Al-Sudani continued, saying that Iraq could be an economic corridor serving global trade and the countries of the region, and that the path to development would create a new Iraq. He added, “We have established Iraq’s position on various issues and the independence of its political decision-making.”
In April 2024, Iraq, Turkey, the UAE, and Qatar signed a quadripartite agreement on the Iraq Development Road Project, under the auspices of Iraqi Prime Minister Mohammed Shia al-Sudani and Turkish President Recep Tayyip Erdoğan.
The agreement aims to enhance cooperation regarding Iraq’s strategic development project, as the four countries will work to establish the necessary frameworks for its implementation, according to a statement issued by the Prime Minister’s Office.
The strategic development road project is expected to contribute to stimulating economic growth and strengthening regional and international cooperation, achieving economic integration and sustainability between East and West.
The project will also increase international trade, facilitate the movement of goods, provide a new competitive transportation route, and enhance regional economic prosperity.
It’s worth noting that the “Development Road” project is a land and railway route extending from Iraq to Turkey and its ports. The road and railway span 1,200 kilometers within Iraq and are primarily intended to transport goods between Europe and the Gulf states.
The project’s investment budget is approximately $17 billion, including $6.5 billion for the expressway and $10.5 billion for the electric train. It will be completed in three phases, the first of which will end in 2028, the second in 2033, and the third in 2050.
The project is expected to provide approximately 100,000 job opportunities in the first phase, and one million job opportunities upon completion.
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ETIHAD LAW PUBLISHES NEW GUIDE TO SOVEREIGN GUARANTEES IN IRAQ
Etihad Law is proud to announce the publication of our new Guide to Sovereign Guarantees in Iraq.
This guide is a comprehensive introduction that highlights the key aspects related to obtaining sovereign guarantees and their role in promoting investment and encouraging major projects in Iraq’s dynamic and evolving market. The guide has been prepared by the Etihad team in collaboration with legal advisors.
Iraq is experiencing a significant transition period, with a growing economy, diverse public and private sector projects, and reforms aimed at enhancing the investment environment and attracting international capital. As a strategic trade and investment hub in the region, Iraq offers significant potential in various fields, making sovereign guarantees an important tool for enhancing confidence and encouraging impactful investments.
We hope this guide will serve as a valuable resource, offering clear insights into the mechanisms of sovereign guarantees in Iraq and supporting investors in building and growing their businesses in this promising and opportunistic market.
Click here to download our comprehensive 44-page guide.
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IRAN WILL PRESENT ITS NUCLEAR PROPOSAL TO THE UNITED STATES VIA MUSCAT.
Iran said on Monday it would soon present its proposal for a nuclear deal with the United States, after describing Washington’s offer as containing “ambiguities.”
“We will soon present our proposal to the other side via the Sultanate of Oman once it is finalized,” Iranian Foreign Ministry spokesman Esmail Baghaei told a news conference. “It is a reasonable, logical, and balanced proposal, and we strongly recommend the American side seize this opportunity.”
Last week, Iranian Supreme Leader Ayatollah Ali Khamenei said abandoning uranium enrichment was completely against the country’s interests, rejecting a key US demand in talks aimed at ending a decades-long dispute over Tehran’s nuclear ambitions.
Oman presented the US proposal for a new nuclear agreement to Iran.
Muscat is mediating talks between Iranian Foreign Minister Abbas Araqchi and President Donald Trump’s Middle East envoy, Steve Witkoff.
After five rounds of talks, several issues remain unresolved, including Iran’s insistence on continuing uranium enrichment on its own soil and its refusal to ship its entire stockpile of highly enriched uranium abroad. Uranium is a raw material that can be used to make nuclear bombs.
Khamenei, who has the final say on all state matters, made no mention of halting the talks but said the US proposal “runs counter to our nation’s belief in self-reliance and the ‘We Can’ principle.”
“Uranium enrichment is the foundation of our nuclear program, and the enemies are focusing on enrichment,” Khamenei said in a televised speech marking the anniversary of the death of Ayatollah Ruhollah Khomeini, the founder of the Islamic Republic of Iran.
“The US proposal is completely contrary to our interests… America’s impudent and arrogant leaders repeatedly demand not to have a nuclear program. Who are you to decide whether Iran should enrich?”
Tehran says it wants to possess nuclear technology for peaceful purposes and has consistently rejected accusations by Western powers that it is seeking to develop nuclear weapons.
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IRAQ TO BECOME “A MASSIVE SUCCESS STORY”
Iraq is experiencing unprecedented stability and security, creating significant opportunities for international businesses, according to Abir Burhan, Company Director of Al-Burhan Group (ABG), speaking at the Iraq Britain Business Council (IBBC) Spring Conference in London.
Burhan outlined how the operating environment has transformed dramatically over the past year, with the Iraqi government actively inviting international investment and reducing hostility towards foreign businesses. “We’ve been through the worst of it, and we finally see that Iraq is becoming really stable and secure,” he told delegates.
ABG has positioned itself as a facilitator for international companies entering the Iraqi market, partnering with established firms including Menzies Aviation and Air BP to operate ground fuelling services at Iraqi airports. The company has achieved international operational standards with no reported incidents, demonstrating the viability of high-quality service delivery in the country.
“We allow companies to operate in a safe environment, to actually do their job, rather than worrying about the hurdles of dealing with the Iraqi infrastructure,” Burhan explained.
The group has made substantial investments in Iraq’s infrastructure over the past two years, including:
- A 300-room hotel development near Baghdad airport
- Construction of 1,200 affordable housing units in Wasit province
- Establishment of an operations centre to support international business activities
Burhan noted that ABG’s security division has experienced reduced demand over the past year, which he views as a positive indicator of improving conditions. “We don’t mind our security company not being busy, because we know that there are big advantages for businesses as well,” he said.
The Operations Director expressed optimism about Iraq’s economic prospects, predicting the country will become “a massive success story” within the next five to ten years. He emphasized the current government’s commitment to attracting international investment and the noticeable improvement in security conditions.
Burhan acknowledged the pivotal role of the Iraq Britain Business Council in facilitating international business opportunities in Iraq over the past decade, describing their work as instrumental in bringing projects to fruition despite various challenges.
The comments reflect growing confidence in Iraq’s business environment as the country continues to rebuild and modernize its economy following years of instability.
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Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!
Disclaimer: All information in this newsletter is not intended for investment decisions / purposes. Mnt Goat is not a financial analyst, planner, banker, attorney or associated in any role with giving out professional investment advice.
Auf Wiedersehen
Much love to ya all,
Mnt Goat
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