ABOUT THE NEWSLETTER:

July 22, 2025 Mnt Goat News Brief

Guten Tag everyone:

I have some news for you today.  No RV yet, but promising news! 😊 In fact I would say it is all WOW! WOW! 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 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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James 1:5:

 “But if any of you lacks wisdom, let him ask of God, who gives to all generously and without reproach, and it will be given to him”

More news….

PARLIAMENTARY OIL COMMITTEE: OIL AND GAS LAW SUSPENDED FOR POLITICAL REASONS RELATED TO KURDISH TERMINOLOGY

Member of the Parliamentary Oil and Energy Committee, MP Ali Mashkoor, confirmed on Sunday that the oil and gas law is suspended for purely political reasons related to Kurdish terms that are to be included in its provisions. Mashkoor said in a televised interview followed by (IQ): “Even the oil and gas law is suspended, not for technical reasons, but for purely political reasons related to Kurdish terms that are to be included in the law.”

(Later on you will read an article that lines up with the beginning of what should be included in the Oil and Gas Law and so hope to get this law passed soon is not really off the table. Why should Kurdistan keep pumping oil when their share of the oil revenues are not being paid to them. The GOI is already 3 months behind in payments, including July’s. They also see that the CBI brags about $110 billion dollars in reserves and so what are they to think?)

More news….

THE US HAS STOPPED SENDING CASH DOLLARS TO IRAQ. IS THIS THE BEGINNING OF A BLOCKADE?

Private sources confirmed that the United States has decided to completely halt cash dollar shipments to Iraq, a move described as potentially the beginning of a “financial blockade” on some Iraqi banks involved in currency smuggling and money laundering.

(The operative word is “completely” not just to some banks. This will force getting off the sole peg to the US dollar. Do you see the strategy Iraq is playing out here? They desperately need to get off this peg and to a “basket” of currencies the IMF already has lined up to use.)

According to a source who spoke to Al-Mustaqilla on condition of anonymity,  Washington’s decision does not pertain to Iraq as a country, but rather targets specific banks suspected of involvement in suspicious dollar transfers to countries subject to international sanctions. This has angered the US Treasury, prompting it to tighten controls on dollar movement within the Iraqi market.

Sudden drop in exchange rate after the decision

Remarkably, the US decision coincided with a significant decline in the dollar exchange rate in the Iraqi market. Experts interpreted this as a natural consequence of the restrictions on the circulation of cash and the prevention of its smuggling abroad. This led to an increase in supply in the local market and a temporary decline in its price.

The source indicated that this step represents a major shift in cash liquidity management in Iraq , making it difficult for suspicious entities to continue smuggling or manipulating the currency market.

(The US has blocked dollars before but this time to EVERY bank in Iraq and Iraq as a whole. I look at this as the final nail in the coffin for the parallel market. We should see the Iraq dinar rise to very close to 1100 very soon. We would like to see a target of 1000. Do you know why? )

More news….

THE DINAR IS RECOVERING AND THE EXCHANGE RATE IS DECLINING TOWARDS THE OFFICIAL RATE.

Samir Al-Nusairi

For several months in 2025, the US dollar exchange rate has continued to decline against the Iraqi dinar, recovering by around 13 points. It is expected to gradually decline to approach the official exchange rate during the coming period of this year, in accordance with the Central Bank’s strategy and ongoing measures for comprehensive banking reform, regulating foreign trade financing, and transitioning to direct dealings between our banks and correspondent banks, in addition to complying with international banking standards.

This confirms that the wise monetary policy adopted by the Central Bank has contributed significantly to the stability of the exchange rate and the decline of the parallel market to the lowest possible level.

(Could the reason also be that the US Treasury now just cut off “completely” all dollars to Iraq? The reason they had to do this is because the Central Bank could not control the dollar still in many of the private banks from money laundering. So, let’s get the story correct. This is proof enough that the CBI’s work is not fixing all the problems. This is why the US Treasury is not in Iraq stationed still in the CBI headquarters taking up an entire floor. See article below…. ☹)

More news….

SOURCE: NEW DIGITAL BANK IN IRAQ THREATENED WITH INTERNATIONAL SANCTIONS OVER MONEY LAUNDERING

An informed source said that a new digital bank in Iraq, linked to a prominent political figure, faces international scrutiny and potential sanctions in the coming period due to serious financial cases related to money laundering and smuggling funds abroad.

The source, who spoke on condition of anonymity, confirmed to Al-Mustaqilla’s correspondent that investigations conducted by international and security agencies revealed the bank’s involvement in suspicious financial transactions, most notably the issuance of fake bank cards used to transfer illegal funds outside Iraq. This has sparked widespread concern within the local and international banking community.

(Sounds to me like the CBI DOES NOT have the corruption yet under control?)

STATUS OF THE RV

LOL, LOL  to all you TNT followers. So, I guess your great pied-piper leader did not get the correct information for all you gullible puppets out there for this weekend’s RV? Oh… I guess his purely speculative prediction from his “secret” sources didn’t pan out…lol… AGAIN? Oh…I wonder why! Oh…. But this was only about the thousandth time! Good luck with all this bullshit.

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Yes, No RV yet. But I do have some wonderful news for everyone that shows us significant changes are coming. This news is all FACTUAL. We don’t have to guess or predict. We can see the writing is on the wall. There is going to be a situation soon that will allow the CBI to conduct the Project to Delete the Zeros and then move on to the reinstatement. We already read in the article titled “THE DINAR IS RECOVERING AND THE EXCHANGE RATE IS DECLINING TOWARDS THE OFFICIAL RATE” that the CBI predicts the parallel market rate to equal the “official” CBI rate this year. Is this not what my contact told me we wanted to see prior to the Project to Delete the Zeros? But this is only the start of the WOW! news for today. So, let’s continue….

So, let me explain these new developments that will lead help us see the RV is coming soon. To get to this news I first have to refer to the IMF Article 4 consultation review with Iraq just completed a couple weeks ago. These sessions give the IMF member professional advice on the economy, what to expect in the future and advice how to prevent any negative impacts. The IMF issues their results and there are many negative issues they must work on, but this is constructive information as there is always work to be done to improve. The best part of all this is the follow-up statements in an official brief the IMF made about Iraq’s exchange rate arrangements which I will now address.

😊Please see article titled “THE INTERNATIONAL MONETARY FUND (IMF) HAS ISSUED A BRIEF EXPLAINER ON IRAQ’S EXCHANGE RATE ARRANGEMENT.”

This article is about a brief that goes on to say as part of a follow-up to last week’s report on the state of the Iraqi economy from the completion of the Article 4 Consultations, the IMF clarified as follows: ” Exchange Rate Arrangement “Iraq’s de jure and de facto exchange rate arrangements are classified as a conventional peg arrangement.

I quote from the IMF site Classification of Exchange Rate Arrangements and Monetary Policy Frameworks — as of December 31, 2003     

First let’s ask ourselves why did the IMF issue this policy statement in December 2003? Oh…. Didn’t Iraq get invaded for the second time in 2003 Operation Iraqi Freedom in March of that year? Just saying…. The IMF was setting up plans to monkey with the peg on the dinar at that time as the eventually did in October 2004. Folks you have to understand that what we are witnessing with Iraq and the dinar is not coincidental. It is all well planned out ahead of time. The only variance is the timing, as many worldly events are not always predictable and under their control and go amuck. My point is that their plans will be executed and completed no  matter how long it takes. As investors only we get impatient. We listen to these RV intel gurus and their lies that make us believe it always just around the corner.

Now let me quote from the IMF site below:

“Other Conventional Fixed Peg Arrangements

The country (formally or de facto) pegs its currency at a fixed rate to another currency or a basket of currencies, where the basket is formed from the currencies of major trading or financial partners and weights reflect the geographical distribution of trade, services, or capital flows. The currency composites can also be standardized, as in the case of the SDR. There is no commitment to keep the parity irrevocably. The exchange rate may fluctuate within narrow margins of less than ±1 percent around a central rate-or the maximum and minimum value of the exchange rate may remain within a narrow margin of 2 percent-for at least three months. The monetary authority stands ready to maintain the fixed parity through direct intervention (i.e., via sale/purchase of foreign exchange in the market) or indirect intervention (e.g., via aggressive use of interest rate policy, imposition of foreign exchange regulations, exercise of moral suasion that constrains foreign exchange activity, or through intervention by other public institutions). Flexibility of monetary policy, though limited, is greater than in the case of exchange arrangements with no separate legal tender and currency boards because traditional central banking functions are still possible, and the monetary authority can adjust the level of the exchange rate, although relatively infrequently.”

Take a look at this…

😊 Knowing that Iraq has ended the currency auctions and moved to correspondent banks for import payments also remember that the US had already restricted cash flow of dollars from Iraq in some banks, we hear that the dollars are drying up even more in article titled “FOR THE THIRD CONSECUTIVE MONTH, THE CENTRAL BANK OF IRAQ SAW A SIGNIFICANT DECLINE IN DOLLAR SALES.”  The head of the Iraq Future Foundation, Manar al-Obaidi, revealed on Monday that the Central Bank of Iraq’s foreign currency sales declined during the month of June. Al-Obaidi said in a post on his Facebook page, followed by Shafaq News Agency, that “the Central Bank’s foreign currency sales decreased for the third consecutive month. So, this is just not a short-term occurrence but a trend. It is the future of the monetary policy.

😊None of this news should be new to us as we have reviewed this “conventional” peg and the form now used by Iraq as De Facto. But here is the good part about this news. One is that this brief is recent from July 16, 2025 not 20 years ago. Next is that it coincides nicely with the announcement by the US Treasury to “completely” halt all dollar transfers to Iraq. Please see article titled “THE US HAS STOPPED SENDING CASH DOLLARS TO IRAQ. IS THIS THE BEGINNING OF A BLOCKADE?” Private sources confirmed that the United States has decided to completely halt cash dollar shipments to Iraq, a move described as potentially the beginning of a “financial blockade” on some Iraqi banks involved in currency smuggling and money laundering.

Now what did my CBI contact tell me over the weekend?

She told me that this complete halting of the dollar to Iraq will put pressure on the US Treasury to allow the IMF to finally shift the peg of the dinar from the sole de facto peg to the basket of currencies peg the IMF has recommended. This will shift the weight of risk from 100% US dollar to percentages of weights divided between the currencies in the basket. This would shift the drag on the dollar in Iraq to the basket. The dollar may still have a majority weight but not the full brunt, as it does today. This will coincide with what the US Treasury just did to Iraq, as “completely’ halting all dollar transfers to Iraq. This was necessary and although it may not be worded as such in the article, it was actually part of the plan all along.

She then went on to said this move won’t take long as we can expect to see a sudden upwards trend in the dinar as the dollar is going to sink in Iraq. This will force the CBI to make this second revaluation of the dinar we have been talking about for so long since 2023. When this happens, the situation will then allow the Project to Delete the Zeros to occur. So, she told me to ask myself – why would the IMF issue such a brief to the general public now of all times about Iraq explaining the conventional pegs and the current exchange rate arrangements, if they were not about to shift the peg. They just educated the public.

My contact has also reminded me that the exchange rate of 1320 has been in place and has not fluctuated within the narrow margins requirement allowed by the IMF for at least three months. She said the brief specifically points out and she quoted to me from the brief that “Effective February 8, 2023, the official exchange rate was set at ID 1,320”.  She said so, the IMF is telling the CBI that Iraq has met the 3 months requirement of a stable rate on the dinar so this may not take 3 more months but rather quicker than that for this process to get underway.   

😊Okay, so now you read all this news from above. What amazes me next is that just days later the IMF comes out with another statement in an article telling us how “stable” Iraq is. Please go read the article titled “IMF: IRAQ HAS SUCCEEDED IN MAINTAINING ITS INTERNAL STABILITY.” I quote from the article “The International Monetary Fund (IMF) confirmed on Saturday that Iraq has succeeded in maintaining its internal stability despite regional tensions, while indicating that the inflation rate in Iraq has remained low.”

Folks you have to remember what some the major economic indicators used by the IMF are. “Inflation Rate” is one of the major indicators the IMF uses to monitor an economy. The other, of course is GDP growth. But let’s stick to what was just said to us in this article and why they talked inflation rate and not the GDP. They talked about inflation because after any major change in the exchange rate, the IMF then likes to take a step back and monitor the economy for any major reactions to the rate change. Closely monitoring the inflation rate afterwards is how they do this. So, what the IMF is telling us now is the baseline inflation rate and that they are about to make a another major change in the exchange rate of the dinar and want to balance the inflation rate, keeping it close to what it is. By the way Iraq only has about a 1% inflation rate now so this may be their gauge they will use.

What else is in the news?

😊In the article titled “IRAQ APPROVES DEAL TO RESOLVE FINANCIAL, OIL DISPUTES WITH KRG”. Hurray, Hurray! Iraq’s Council of Ministers on Thursday approved a new financial agreement with the Kurdistan Regional Government (KRG), paving the way for the resumption of salary payments to the Region’s public employees and the restart of the Kurdish oil exports. Also in the news to follow up is article

“NEWS PUBLISHES THE TEXT OF THE AGREEMENT BETWEEN BAGHDAD AND ERBIL REGARDING SALARIES AND THE REGION’S OIL.” If you take the time to read this short article you can easily see this is a work in-progress document and is only a small part of getting to the final Oil and Gas Law. But it’s a start and is all good.

Folks just remember that Iraq can pump to hits heart content, but this rentier economy is not going to get us the RV. How many times must the CBI tell us this. Iraq needs a diverse economy, thus to diversify or at least satisfy the powers-to-be that they are sincere enough in progression towards these goals and solidly moving in this direction, with near term revenue streams from it. Remember that the Development Road Project is the key to this diversification as the revenue from the customs and tariffs along could potentially equal the oil revenues from Kurdistan.

😊 While I am on this subject matter let’s look at article titled “GOVERNMENT ADVISOR: STRATEGIC FRAMEWORK AGREEMENT AN OPPORTUNITY TO OBTAIN COMPREHENSIVE EXEMPTION FROM TRUMP TARIFFS”. The Prime Minister’s financial advisor, Mazhar Mohammed Salih, confirmed on Friday that the customs duties imposed by the US President on exports are not causing any real harm to the Iraqi economy. He also indicated that the Strategic Framework Agreement is an opportunity to secure a comprehensive exemption from the duties.

Yes, why not use the Strategic Framework Agreement as leverage to get something Iraq wants for a change….. lol…. I only mentioned this because if they can overcome these US tariffs it’s only more mulla for Iraq… Get it?

So now let’s connect more to see yet a clearer picture….

😊 In another article titled “IRAQ’S ACCESSION TO INTERNATIONAL FINANCIAL INSTITUTIONS ENHANCES ECONOMIC DEVELOPMENT OPPORTUNITIES.” We find that as part of its efforts to strengthen its financial presence on the international stage and diversify funding sources for its service and construction projects, Iraq has taken a significant step by joining two of the most prominent multilateral financial institutions: the European Bank for Reconstruction and Development and the Asian Infrastructure Investment Bank. Why is this news so good today?

Remember that money does not grow on trees and so to build the necessary infrastructure to support these projects along the Development Road and all these planned industrial cities will take billions. Where will this money come from?

In the article economic expert Ahmed Makalaf believes that “there has not yet been any direct benefit from Iraq’s joining the Asian Infrastructure Investment Bank. Rather, the benefit is long-term, not immediate. The real immediate benefit is in giving Iraq an international standing and a good reputation from an economic perspective.”

“The development road will be a gateway for the Asian Development Bank to enter Iraq with projects,”  Did you read this statement. Now you know the strategy in Iraq accession to access these banks now – European Bank for Reconstruction and Development and the Asian Infrastructure Investment Bank. They need these banks to invest in the Development Road Project. Iraq needs the “mulla” to build….. lol..lol..

😊 If this news about the banks and access to potential investment funds is not good enough let’s look at this next article titled “STRENGTHENING THE NATIONAL ECONOMY… PARLIAMENT PREPARES TO APPROVE THE INDUSTRIAL INVESTMENT LAW”. In the article representative Firas Al-Maslamawi, spokesman for the Reconstruction and Development bloc in parliament, confirmed on Saturday that there is a clear desire among most political blocs to pass several important laws during the final legislative session, most notably the Popular Mobilization Forces Law and the Industrial Investment Law. We know that the Industrial Investment Law has a significant impact on developing the industrial sector, and its passage will bring a qualitative leap forward for this vital and important sector. Oh…. Did I mention that the World Trade Organization (WTO) has been waiting for the passage of this law prior to announcing “full accession” to the WTO for Iraq? All I can say is connect the dots… something BIG is coming… Please go rear the last paragraph of the article in the Articles Section.

I also want to mention the Popular Mobilization Forces and this Law. Remember that this law is all about how to deal with the Iranian leftover Kud forces that came into Iraq to help fight ISIS. I keep asking why they don’t just go back to Iran where they belong, as I look at them as occupying forces inside Iraq. There is always so much rhetoric about the US forces in Iraq, well how about these forces, as they walk the streets daily armed. At least American forces stay on their bases, unless on the move with a mission.

Yes, it is already proven they are the ones launching rockets at US bases too. This is why President Trump says they must be dealt with. They are cutting their own throats by their terrorism against US bases. Could Trump us this as yet another issue to force them to do since they haven’t done it yet since 2014. Yes, 11 years already. By the way salaries are being paid to these forces since 2014. Many also integrate into society and take up Iraqi jobs. 

Folks I also know that President Trump has set a deadline on Iraq to make certain changes and resolve particular issues. The main issues are: 1. with the oil payments to Baghdad from Kurdistan, thus Trump knows about the constitutional referendum to manage the oil called the Oil and Gas Law that still is not passed in parliament, as required by the 2005 constitution and 2. Dealing with the Iranian militias in Iraq (known as the Iranian Popular Mobilization Forces) and 3. Issues with the dollar still being funneled to Iran

This Trump deadline is approaching, according to my CBI contact and now articles just came out to back up what she has been telling me. What will happen if this deadline comes and still these issues are not resolved? Does this deadline include a reinstatement of the dinar?

There are still so many questions to ask about what is happening in Iraq. But if we follow the news carefully, we can see what is trending. We must continue our sincere prays to our Father in Heaven. I believe it is only God that is going to save Iraq and through this salvation we will see the reinstatement of their currency. Yes, many of you will doubt me and stick to just the physical signs you see but you forget that God works through the physical world and you only need to go read the bible and all the stories in it about the past civilizations and how God works His miracles. So, why not connect in prayer with God and tell Him what you want (or need).

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Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,

                                             Just the FACTS!

PRAYING WITH SINCERITY

Many may ask why their prayers are not being answered. Our new Shepard in Rome Pope Leo XIV has given us some direction.

You can purchase a nice pair of Rosary Beads here to pray:

                                         

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? June is here. 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.

Prophecies Fulfilled “UNPRECEDENTED”.

Folks you can’t make this stuff up. When I watched this ‘prophecies fulfilled’ the very first thing that came to mind was the word “unprecedented” used in all these reports of events that happened during this period of time. Is this coincidental that all these news channels and organizations would use this word? This is the exact word that God used in the prophecy. I believe God does this to get our attention. To know that he is real and working behind the scenes to help us. We are not alone.

If this is not enough then look at the events that were “unprecedented”. WOW! WOW! WOW! So, you are still skeptical about the prophetic word?

“THE CIA’S DARK SECRETS OF THEIR CONTROL OVER THIS NATION WILL SOON BE EXPOSED”

The prophecy today can be found at the 10:11 minute mark on the video.  From July 6^th.

Oh boy, Oh boy this one is really juicy. WOW! You don’t want to miss this one. Remember how I have been talking about the corruption in the CIA in the US and in the Middle East. Listen carefully. You hear who was behind many of these past events and what was to be the result, but plans fell apart.  

I wondered when God would finally come to exposing the CIA. We are about to see it.  

We will never see the end to the corruption in the US government without first cleaning up the Central Intelligence Agency (CIA). It is at the root of the problem. Kill the root you kill the plant, get it? Cut the head off the snake it can’t grow back.

I wanted to present a series of news that came out. I broke it down into four (4) parts for you in the hope you can better understand it. Remember this is moving fast and progressing quickly. What will the Attorney General Pam Bondi decide to do?

PART 1 of 4:

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Part 2 of 4:

Prophecy in action: This last prophecy comes out from Julie Green and then just days later this is in the news, see video below.

THE CIA MUST BE CLEANED UP NEXT.

If you have dead fish scraps in the garbage eventually its going to stink. The only way to get rid of that nasty smell is to TAKE OUT THE GARBAGE! Do you get my point?

PART 3 of 4:

If it could get yet more amazing, it does. God sends this next prophecy to us.

He is cleaning up the establishment deep state and it is happening NOW not years from now. This is the time.

“Exposing And Bringing Who Really Controls The Establishment In DC”

The prophecy today can be found at the 10:11 minute mark on the video.  From July 19^th. 

PART 4 of 4:

DOJ RECEIVES CRIMINAL REFERRAL ON OBAMA

Yes, but let’s see if anyone is actually prosecuted or if this just another round of circus again. As Americans aren’t you fed up yet with all this talk over and over again but no one high-up ever seems to be prosecuted and goes to jail?

TULSI GABBARD: OBAMA COULD BE PROSECUTED FOR TREASON.

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THE ‘BIGGEST SCANDAL’ IN AMERICAN POLITICS

Next the news moves on to, yet another scandal being exposed. This one is going to ultimately expose that the real Biden was not even sworn in as president. Who was really running the Whitehouse for the last administration? I believe this will also be connected to Barrack Obama. He is going to get deep in mud over his head.

AMERICANS DEMAND ARRESTS AFTER ANOTHER BIDEN AIDE PLEADS THE FIFTH

WHAT BYRON DONALDS IS PLANNING COULD ERASE THE ENTIRE BIDEN PRESIDENCY

Folks these headliner words are right out of the prophetic words from God we have been hearing for the last 4 years. WOW!

THE “SQUAD” IS CRUMBLING BEFORE OUR EYES. WHO’S NEXT?

DOUBLE TROUBLE FOR SHIFTY SCHIFF. LOOKS HE’S IN DEEP SCHIFF THIS TIME….

Yes, “no one is above the law”. Yes, pencil neck that also applies to YOU!

THE DOJ IS NO LONGER PLAYING NICE

THE INTERNATIONAL MONETARY FUND (IMF) HAS ISSUED A BRIEF EXPLAINER ON IRAQ’S EXCHANGE RATE ARRANGEMENT.

16th July 2025 

By John Lee.

As part of a follow-up to last week’s report on the state of the Iraqi economy, the IMF clarified as follows:

“Exchange Rate Arrangement

“Iraq’s de jure and de facto exchange rate arrangements are classified as a conventional peg arrangement. The Central Bank Law gives the Board of the Central Bank of Iraq (CBI) the authority to formulate exchange rate policy.

“Effective February 8, 2023, the official exchange rate was set at ID 1,320 according to the closing prices of the daily bulletin of gold & main currencies published on the CBI website (www.cbi.iq).

“There has been a change to Iraq’s exchange system since the last Article IV Consultation. Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any restrictions under this provision. Iraq does not maintain any current account exchange restrictions or MCPs [Managed Currency Pegs]. Starting January 2025, all international transactions have been routed through commercial banks via their correspondent banking relationships (CBRs).

“The Central Bank of Iraq (CBI) replenishes these balances weekly based on foreign exchange demand and conducts audits to ensure that the allocated funds are used in compliance with AML/CFT regulations. Private banks are also encouraged to broaden their CBR networks, particularly with non-U.S. financial institutions.”

As part of a follow-up to last week’s report on the state of the Iraqi economy, the IMF clarified as follows: ” Exchange Rate Arrangement “Iraq’s de jure and de facto exchange rate arrangements are classified as a conventional peg arrangement.

(This is a very long article by the IMF and so here is a link to the rest, if you desire to read it all. It is very good news from the IMF and in fact shows us that the IQD may sooner than later be international.)

Iraq Banking & Finance News, Politics

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NEWS PUBLISHES THE TEXT OF THE AGREEMENT BETWEEN BAGHDAD AND ERBIL REGARDING SALARIES AND THE REGION’S OIL.

(If you read this you can easily see this is a work in-progress document and is only a small part of getting to the final Oil and Gas Law. But it’s a start and is all good.)

News publishes the text of the agreement between Baghdad and Erbil regarding salaries and oil in the Kurdistan Region of Iraq.

The following is the text of the agreement, according to a statement from the office of Prime Minister Mohammed Shia al-Sudani:

The Council of Ministers decided the following:

First: Oil delivery file:

1-The regional government shall immediately begin delivering all oil produced from the oil fields in the region to the State Oil Marketing Organization (SOMO) for the purpose of export. The Federal Ministry of Finance shall be obligated to pay an advance to the regional government in the amount of $16 (in kind or cash) for each barrel received in accordance with the law amending the budget law, provided that the quantity received is not less than the current 230 thousand barrels per day, and any increase in production shall be added to it through the Joint Measurement and Calibration Committee. In the event that exports are halted for any reason, the entire aforementioned quantity shall be delivered to the Federal Ministry of Oil.

(Clarification: The total production currently amounts to 280,000 barrels per day, according to the region’s reports, of which 50,000 barrels per day are allocated for local consumption in the region, and the remaining 230,000 barrels per day, as well as any future increase in production, are delivered to SOMO for export purposes.)

2-A quantity of 50 thousand barrels per day shall be allocated for local consumption purposes in the region, provided that the regional government is committed to paying the costs of production and transportation for this quantity, and that the revenues from the sale of petroleum derivatives shall be transferred to the federal public treasury after deducting the costs of production, transportation and refining. In the event that the region needs it, the federal Ministry of Oil shall, in accordance with the law, supply the region with quantities of products, not exceeding the refining output of 15 thousand barrels of crude oil per day. A joint committee from the federal Ministry of Oil and the Ministry of Natural Resources in the region shall evaluate the region’s actual need for petroleum products for the purpose of allocating them, provided that it submits its report within two weeks to the federal Council of Ministers for decision.

Second: Non-oil revenues file:

1- The regional government shall deliver an amount of (120) billion dinars as an initial estimated payment for the state treasury’s share of non-oil revenues for the month of May to the Federal Ministry of Finance, to be settled after the audit is completed in accordance with paragraph (2) below.

2- A working group shall be formed from the Federal Ministry of Finance and the Federal Board of Financial Supervision, in coordination with the Ministry of Finance and the Board of Financial Supervision in the region, for the purpose of classifying and auditing non-oil revenues and determining the federal government’s share thereof, starting from May 2025, taking into account the values of non-oil revenue rates according to the audit balances mentioned in the joint reports between the Federal Board of Financial Supervision and the Board of Supervision in the region, since the entry into force of the Federal General Budget Law, and the team shall submit its report within two weeks to the Federal Council of Ministers for consideration.

3: A joint committee shall be formed between the federal government and the regional government to complete the localization of salaries in the region in accordance with the decision of the Federal Court, provided that it completes its mission within a period not exceeding three months, and funding at the end of the aforementioned period shall be exclusively for the localized salaries.

4: A team will be formed from the Federal Ministry of Finance and the Federal Board of Financial Supervision, in coordination with the Ministry of Finance and the Board of Financial Supervision in the region, to determine the amount exceeding the region’s share of actual spending and how to address it in accordance with the Federal General Budget Law for the years (2023-2024-2025), provided that its report is submitted within a maximum period of two weeks to the Federal Council of Ministers.

5: The Ministry of Finance will begin disbursing salaries to the region’s employees for the month of May as a start to implementing the agreement after the Federal Ministry of Oil/SOMO approves the receipt of the full quantity of oil mentioned in paragraph 1 (currently 230,000 barrels per day) at the port of Ceyhan, in accordance with the law.

6: The periods mentioned in this decision shall begin from the date of its approval by the Council of Ministers.

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IRAQ APPROVES DEAL TO RESOLVE FINANCIAL, OIL DISPUTES WITH KRG

 Iraq’s Council of Ministers on Thursday approved a new financial agreement with the Kurdistan Regional Government (KRG), paving the way for the resumption of salary payments to the Region’s public employees and the restart of the Kurdish oil exports. 

“The federal government at the Council of Ministers meeting today decided to release May salaries [of KRG’s civil servants],” Iraqi Justice Minister Khalid Shwani, a Kurd, told Rudaw, adding that subsequent months’ salaries will be released after “they are audited by special commissions.”

An informed source in Baghdad told Rudaw, on condition of anonymity, that May salaries are expected to be disbursed on Sunday – over two months after transfers were halted due to a budget dispute between Baghdad and Erbil.

Shwani said the agreement is set to remain in effect through the end of the year and represents “a long-lasting framework” for financial cooperation between the federal and regional governments until a new budget law is passed in 2026.

According to the agreement, a copy of which has been seen by Rudaw, the KRG is obligated to export all of the oil produced from its fields – estimated at 230,000 barrels per day – through Iraq’s State Oil Marketing Organization (SOMO). The KRG will retain 50,000 barrels per day for local consumption, covering production costs, while the federal Ministry of Oil may provide refined oil products equivalent to 10,000 barrels per day if needed.

The KRG is also obligated to hand over 120 billion Iraqi dinars (nearly $92 million) in non-oil revenues monthly for each month of May and June. In return, the federal Ministry of Finance will pay the KRG $16 per barrel as production fee, in accordance with the amended federal budget law. International oil companies operating in the Kurdish region will receive some of the fee. 

A working group from both the federal and regional Boards of Supreme Audit will review and classify oil revenues and determine Baghdad’s share within a month.

The Ministry of Finance is expected to “immediately begin disbursing” salaries for May, June, and subsequent months, according to the text of the agreement.

“We welcome this step and expect the Federal Government to send the salaries and financial entitlements of the Kurdistan Region,” said Kurdistan Region Prime Minister Masrour Barzani in a statement. 

“I have great appreciation for the patience and endurance of the people of Kurdistan,” he said, adding that “I hope that salaries and financial entitlements, which are the legitimate right of the people of Kurdistan, will no longer be mixed with any problems or disputes, and that we resolve our issues within the constitutional framework and with respect for agreements.”

Minister Shwani said the deal also accounts for emergency situations that may prevent the KRG from fulfilling its commitments.

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SABOTAGE OPERATIONS HOVER OVER KURDISTAN’S OIL… THE IRAQI ECONOMY IS IN THE LINE OF FIRE.

Oil advisor Govind Shirwani revealed on Thursday (July 17, 2025) the extent of the heavy losses caused by drone strikes on oil fields in Kurdistan, warning of catastrophic repercussions that threaten the entire national economy.

In a statement to Baghdad Today, Sherwani said, “Four of the region’s main oil fields have suffered severe damage as a result of drone strikes,” noting that “the situation may prompt foreign companies operating in these fields to temporarily suspend their operations until genuine security guarantees are provided for the safety of their personnel and the continuity of their operations.”

He added, “Targeting these facilities not only affects the region, but also deeply impacts Iraq’s oil economy as a whole, especially in light of the talk of a new agreement to deliver oil to SOMO,” emphasizing that “the biggest loser from this escalation is the Iraqi people and their economy.”

Sherwani warned that the continuation of these attacks could lead to a broader withdrawal of oil companies, undermining the achievements of the regional government’s negotiations with the federal government, saying, “What politics has built is ruined by marches.”

These developments come at a sensitive time regarding the oil dispute between Baghdad and Erbil, amid attempts to consolidate revenues and strengthen trust between the two sides, while recent attacks threaten to return matters to square one.

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REP. CONGRESSMAN WARNS AL-SUDANI: FREEZE ON OIL FUNDS LOOMS

Following UN Security Council Resolution 1483 in May 2003, Iraq’s oil and gas export revenues have been deposited in a special account at the US Federal Reserve known as the Development Fund for Iraq (DFI Fund). Five percent of these revenues were allocated to compensate Kuwait for damages from the 1990 invasion — a process that concluded in 2022 after Iraq completed payments totaling approximately $52.4 billion.

US Republican Congressman Joe Wilson called for preventing Iraq from accessing its oil revenues held at the Federal Reserve, as a means to pressure Iraqi Prime Minister Mohammed Shia al-Sudani to stop attacks on foreign oil companies operating in the Kurdistan Region.

Posting on X, Wilson wrote, “Attacks by Iran-backed Iraqi militias against US forces and American oil companies in the Kurdistan Region of Iraq will not be tolerated. ” urging al-Sudani to take decisive action, or “face serious consequences.” Attacks by Iran-backed Iraqi militias against US forces and American oil companies in the Kurdistan Region of Iraq will not be tolerated. Iraqi oil funds must no longer use the @federalreserve and Iraqi PM @mohamedshia must take decisive action or risk severe consequence.

— Joe Wilson (@RepJoeWilson) July 17, 2025

Meanwhile, A recent wave of nine drone attacks has dealt a serious blow to the Kurdistan Region’s oil sector, triggering shutdowns and placing vital infrastructure under growing strain.

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IRAQ’S CASH RESERVES AND THE NEED TO REFLECT THEM ON DAILY LIFE

Whether Iraq’s foreign exchange reserves rise or fall, they dominate the news and financial reports about the national economy. The latest announcement was that it reached $106.7 billion in its treasury, but these reserves are deposited outside the country. It occupies third place in the Arab world after Saudi Arabia and the Emirates, and surpasses Kuwait, Qatar, and Egypt. Meanwhile, gold reserves exceeded 163 tons, which makes Iraq fourth in the Arab world after Saudi Arabia, Lebanon, and Algeria.

However, the largest part of the reserve is located in American banks, and the government has no absolute control over its use except within narrow and marginal limits, and it is not moved except with the approval of the American Treasury. That is, it is not available to the Iraqi government to dispose of it as it sees fit and to implement its economic plans.

Development in any country is measured by the quality of services provided to its citizens, including electricity, water, education, and health. All of these services require funding to improve them, build new ones, and overcome the backwardness that plagues them. Development is measured not by hoarded, frozen gold, but rather by its use in achieving sustainable development.

These attractive resources and others require a stable, unvarying political environment and climate, and a solid system of government, in order to exploit the vast resources, activate the national economy, and build a transparent competitive environment for foreign companies to invest in Iraq. It is necessary to reform the existing political authority and the legal structure of the state, and to eliminate corruption and the requirements of honest responsibility, in order to make Iraq a profitable market in reality.

There is an urgent need to invest this reserve to secure the basics of living, create job opportunities for the unemployed, rehabilitate idle factories, mechanize agriculture, and reduce inflation. Before all of this, appropriate means must be found to return it to full Iraqi control and use it in development and emergency projects without restrictions that undermine sovereignty.

This financial figure pleases the citizen, makes him valuable and makes him proud of his achievement when it is used to protect the dinar, stabilize the exchange rate, end the so-called parallel market, support prices and make them available to the people, build new factories, solve the crises that citizens suffer from, alleviate their suffering and the exhaustion of their income, and raise their standard of living on all levels. In short, his country should be among the countries that possess such capabilities.

This huge cash reserve is in a state of constant danger and is subject to American policy, which can prohibit its use at any time and is subject to sanctions, the least of which is freezing or even confiscation, at the moment of independent action or divergence from American policy. Hence, it is necessary to work to ensure that the largest possible amount of it is under full and absolute Iraqi sovereignty, and that it is transformed into sustainable development projects, and that it is diversified and within the framework of the possibilities for disposing of it. We have the experiences of major and more influential countries that have what enables them to defend their rights and how they suffer from keeping their reserves abroad, controlled by the United States.

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GOVERNMENT ADVISOR: STRATEGIC FRAMEWORK AGREEMENT AN OPPORTUNITY TO OBTAIN COMPREHENSIVE EXEMPTION FROM TRUMP TARIFFS

The Prime Minister’s financial advisor, Mazhar Mohammed Salih, confirmed on Friday that the customs duties imposed by the US President on exports are not causing any real harm to the Iraqi economy. He also indicated that the Strategic Framework Agreement is an opportunity to secure a comprehensive exemption from the duties.

Saleh told the Iraqi News Agency (INA): “The US tariffs on Iraqi exports cause formal and moral damage, not real damage, to the Iraqi economy.”

He added, “The trade balance between Iraq and the United States reveals that there are no exports of significant value that warrant an additional 30% customs duty, and which represent nothing in terms of their material value.”

He explained that “Iraq exports 200,000 barrels of crude oil per day to the United States, and this commodity is essentially exempt from US tariffs, as the US President has exempted fuel (oil and gas) from the trade wars currently raging around the world.”

He pointed out that “Iraq’s imports of American goods do not exceed two billion dollars in value, and are mainly spent on telephones, digital devices, cars and their spare parts, and some types of medicines and medical devices.”

He continued, “US President Trump’s trade policies reflect his desire to maximize US exports to a number of important countries in the region, including Iraq,” noting that “the role of the Strategic Framework Agreement between Iraq and the United States, signed in 2008, can eliminate any harmful trade policies.”

He pointed out that “the framework agreement provides Iraq with a special opportunity to implement principles similar to the so-called Generalized System of Preferences for comprehensive customs exemption.”

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STRENGTHENING THE NATIONAL ECONOMY… PARLIAMENT PREPARES TO APPROVE THE INDUSTRIAL INVESTMENT LAW.

Representative Firas Al-Maslamawi, spokesman for the Reconstruction and Development bloc in parliament, confirmed on Saturday that there is a clear desire among most political blocs to pass several important laws during the final legislative session, most notably the Popular Mobilization Forces Law and the Industrial Investment Law.

Al-Maslamawi told Al-Maalouma News Agency, “The Industrial Investment Law has a significant impact on developing the industrial sector, and its passage will bring a qualitative leap forward for this vital and important sector.”

He added, “The House of Representatives is determined to make up for the missed passage of important laws during the previous legislative session, which saw a number of political blocs boycott the sessions, in addition to the regional security challenges in the region.”

He pointed out that “the majority of political blocs support the passage of laws related to reconstruction and the development of vital sectors that generate high financial revenues, in addition to the insistence of many political forces on passing the Popular Mobilization Forces law.”

Al-Maslamawi explained that “the Industrial Investment Law is one of the most prominent laws to be passed during the final legislative session, due to its pivotal role in strengthening and developing the industrial sector in Iraq.”

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IMF: IRAQ HAS SUCCEEDED IN MAINTAINING ITS INTERNAL STABILITY.

The International Monetary Fund (IMF) confirmed on Saturday that Iraq has succeeded in maintaining its internal stability despite regional tensions, while indicating that the inflation rate in Iraq has remained low.

The Fund said in a report that “Iraq has succeeded in maintaining its internal stability despite regional tensions and unstable global conditions,” noting that “the inflation rate has remained low in Iraq,” stressing “the need to implement fundamental reforms to increase non-oil revenues and control the public wage bill,” indicating that “current and investment spending plans for 2025 should be reviewed.”

It stressed that “it is necessary and urgent to reform the public pension system by raising the retirement age and reducing accumulation and replacement rates,” praising “the success of the Central Bank of Iraq in fully transitioning to the new trade finance system and its contribution to narrowing the gap between the official and parallel exchange rates.”
The Fund indicated that “the Central Bank of Iraq has begun studying reform options to strengthen the private banking sector,” stressing, “We encourage Iraq to accelerate its efforts to improve the issuance and collection of electricity bills.”

He explained that “progress has been made in implementing the National Anti-Corruption Strategy and improving the Corruption Perceptions Index,” adding that “it is essential to focus on bridging the most pressing statistical gaps and integrating pilot initiatives.” 

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IRAQ’S ACCESSION TO INTERNATIONAL FINANCIAL INSTITUTIONS ENHANCES ECONOMIC DEVELOPMENT OPPORTUNITIES.

As part of its efforts to strengthen its financial presence on the international stage and diversify funding sources for its service and construction projects, Iraq has taken a significant step by joining two of the most prominent multilateral financial institutions: the European Bank for Reconstruction and Development and the Asian Infrastructure Investment Bank.

Although the direct repercussions of this step are still in the developmental stage, economists see it as a prelude to attracting long-term financing, bolstering development efforts in vital sectors such as energy, infrastructure, and transportation, and opening the doors to international partnerships for Iraq in the post-crisis phase.

Projects and bridges

Economic expert Dr. Majid Al-Baydani explained to Al-Sabah regarding Iraq’s accession to the Asian Development Bank: “The projects currently underway in Baghdad, such as bridges and others, have no connection to the Asian Development Bank’s projects, as their funds are allocated by the state in the project budget according to the investment portion of the budget. The Asian Development Bank has no role in implementing or establishing the aforementioned projects, as the contractor may be Chinese, the implementing company may be Chinese, or another international nationality.”

He added, “The implementation of projects by the Asian Development Bank is subject to certain conditions, including that the bank selects the implementing companies, along with their own mechanisms and engineering efforts, unlike what some might imagine. Furthermore, the bank’s projects are implemented through loans from the bank and on its own terms.”

long term

Economic expert Ahmed Makalaf believes that “there has not yet been any direct benefit from Iraq’s joining the Asian Infrastructure Investment Bank. Rather, the benefit is long-term, not immediate. The real benefit is in giving Iraq an international standing and a good reputation from an economic perspective.”

“The development road will be a gateway for the Asian Development Bank to enter Iraq with projects,” the official added in an interview with Al-Sabah. “It is likely that the country will borrow from the bank to implement projects related to the road, and will likely build cooperation through this bank in financing parts of the activity for major projects related to the development road, contributing to strengthening the economy within the international environment and building strong international relations in the future.”

Membership shares

For his part, Dr. Mazhar Mohammed Saleh, Advisor to the Prime Minister, stated that as far as the distribution of capital among the participating countries in the Asian Infrastructure Investment Bank is concerned, the bank’s total capital amounts to $100 billion, with 20% allocated as paid-in capital and the remainder as callable capital. Each country is obligated to contribute its share of the paid-in capital upon joining.

sustainable development

He added: “The Asian Infrastructure Investment Bank (AIIB) is an international institution that aims to support infrastructure projects and sustainable development in Asia and beyond. The bank, headquartered in Beijing, provides concessional loans to finance infrastructure projects for member countries. This accession is a strategic step for Iraq to advance its development projects in areas such as transportation, energy, and water.”

European Bank

Regarding the benefits of Iraq joining the European Bank, Saleh said: “There is a positive correlation between building a development strategy, which is embodied today by the government’s philosophy of launching a development initiative with comprehensive sectoral economic links, called the “Development Road” project, which is the corridor and strategic project that links the European Union countries with Asia via Iraq and the Gulf maritime corridors and vice versa, on the one hand, and the requirements for implementing the various stages of the development road through the role that Iraq’s membership in the European Bank for Reconstruction and Development occupies, on the other hand, especially in terms of the advantages of obtaining European technology and ensuring the role of companies from European Union countries in implementing the development road in all its aspects, whether in infrastructure, industrial production projects, or various logistical services.”

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THE US HAS STOPPED SENDING CASH DOLLARS TO IRAQ. IS THIS THE BEGINNING OF A BLOCKADE?

Private sources confirmed that the United States has decided to completely halt cash dollar shipments to Iraq, a move described as potentially the beginning of a “financial blockade” on some Iraqi banks involved in currency smuggling and money laundering.

According to a source who spoke to Al-Mustaqilla on condition of anonymity, Washington’s decision does not pertain to Iraq as a country, but rather targets specific banks suspected of involvement in suspicious dollar transfers to countries subject to international sanctions. This has angered the US Treasury, prompting it to tighten controls on dollar movement within the Iraqi market.

Sudden drop in exchange rate after the decision

Remarkably, the US decision coincided with a significant decline in the dollar exchange rate in the Iraqi market. Experts interpreted this as a natural consequence of the restrictions on the circulation of cash and the prevention of its smuggling abroad. This led to an increase in supply in the local market and a temporary decline in its price.

Government shift towards “legal dollarization”

Separately, a banking source revealed that the Iraqi government has been relying on new mechanisms for disbursing salaries and conducting financial transactions for months. These mechanisms involve legal invoices processed through official banks and digital platforms linked to the global financial system. This is an alternative to the paper dollar shipments previously transported into the country by air.

The source indicated that this step represents a major shift in cash liquidity management in Iraq , making it difficult for suspicious entities to continue smuggling or manipulating the currency market.

Is this the beginning of the storm?

The US decision raises many questions about the future of dollar transactions in Iraq, especially in light of escalating regional tensions and Washington’s tightening of financial sanctions. Are we witnessing the beginning of a new phase of international restrictions on the Iraqi economy? Or is this merely a technical measure against some violating banks?

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FOR THE THIRD CONSECUTIVE MONTH, THE CENTRAL BANK OF IRAQ SAW A SIGNIFICANT DECLINE IN DOLLAR SALES.

The head of the Iraq Future Foundation, Manar al-Obaidi, revealed on Monday that the Central Bank of Iraq’s foreign currency sales declined during the month of June.

Al-Obaidi said in a post on his Facebook page, followed by Shafaq News Agency, that “the Central Bank’s foreign currency sales decreased for the third consecutive month, reaching $5.7 billion in June of this year, a decrease of 15.5% compared to May, when sales recorded $6.5 billion. Thus, the Central Bank’s foreign currency sales in the first six months of the year reached $37.2 billion, a decrease of 2.2% compared to the same period last year, which recorded $38.1 billion.”

He added that “cash sales of foreign currency also fell to their lowest level, reaching only $99 million in June, the lowest monthly sales value since the introduction of cash sales. Thus, the Central Bank’s total foreign currency sales through cash sales in the first six months of the year amounted to $1.4 billion, a 21% decline compared to the same period last year, which amounted to $1.76 billion.”

According to Al-Obaidi, foreign currency sales through the balance enhancement mechanism reached $5.6 billion in June of this year, a 35% increase compared to June of last year. Thus, foreign currency sales through the balance enhancement mechanism in the first six months of the year reached $35.8 billion, a 37% increase compared to the same period last year, which amounted to $26 billion.

He continued, “The international settlement mechanism through the Central Bank has also been completely halted, as has the transfer mechanism through the Central Bank. Foreign currency sales are now limited to balance-building and cash sales to travelers. Despite the decline in cash sales and the halt in international settlements, the dollar exchange rate has remained stable and unaffected by this decline.”

The central bank’s sales this year are expected to reach around $70 billion, down from last year’s sales of more than $80 billion, according to Al-Abidi.

He pointed out that “the decline in foreign currency sales, coupled with the stability of the dollar price on the parallel market and the decline in inflation levels, calls for a careful review to determine the reasons behind this decline. This could be related to the possibility of most traders entering the official market, which reduces the need for hard currency on the parallel market, or to a decline in demand for goods, which could reflect a state of economic stagnation in the Iraqi market.”

Shafaq.com

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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.

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Mnt Goat