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.
ABOUT THE NEWSLETTER:
September 18, 2025 Mnt Goat News Brief
Guten Tag everyone:
Iraq is working hard to clean up loose ends mandated by the U.S. Will it all come together in time…..tick tock,,,, tick tock…
September, September, it’s all about September…….
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. Please show your appreciation for all the hard work I do.
I recommend $10-$15 dollars a month or whatever you can afford. Do you realize I write eight (8) Newsletters every month. This is like a second job to me. The only way I know that people are reading and appreciating all the FACTUAL news I bring is through their appreciation. If I do not receive equal appreciation for all the hard work I do, I will simply end the Newsletter and save myself endless hours at the computer. I am tired of this RV saga just as you are. We are now down to the wire and the end is very near. I feel this would be a lousy time to end the Newsletter but that is all up to you. As I suggested I will probably have a LIVE conference call once the reinstate happens to help clarify issues in the exchange process. It is all up to you if you want me to help.
Let’s all try to chip in!
____________________________________
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.”
STATUS OF THE RV
STATUS OF THE RV
No! There is no RV or Reinstatement of the Iraqi dinar yet. Don’t let these intel gurus or internet idiots fool you with their hyped-up sites. They only want your clickity-clicks. Get it?
As we are over the midpoint of September, already coming around the bend to October, tick tock, tick, tock.
😊When we look at the progress of Iraq we must bear in mind that it is a small country of only about 45 million citizens. We must also remember the two wars involving Iraq and then the corruption involved in stealing so much of its wealth since 2003. So, knowing all this take a look at the article titled “AL-SUDANI: THERE IS A MAJOR ECONOMIC TRANSFORMATION IN IRAQ… INVESTMENTS TOTAL $100 BILLION”. “Prime Minister Mohammed Shia al-Sudani announced today, Thursday, September 18, 2025, that the volume of investments in Iraq has reached $100 billion.” Today the U.S. president Trump spoke at the UN and stated that since he took office eight months ago, the US has realized upwards of 17 trillion in investment money. Yes, this makes Iraq investments look like peanuts. But just bear in mind everything when you read it. Soon Iraq will be boasting trillions too.
😊Then let’s look at the article titled “E-PAYMENTS SHIFT MARKS NEW ERA, IRAQI PM ADVISER SAYS”. Shafaq News – Baghdad. Iraq will phase out cash payments in all government institutions and public facilities by July 2026, marking what a senior official described as the start of a new era of financial modernization. So, here comes the digital dinar. Can you see it too? We at least now have a window of certainty, a “back wall” that the CBI itself has told us. It is July 2026. Let’s dive deeper…..
Now let’s use our common sense here to make some sense out of this recent announcement of this timeframe of July 2026. What did I do? I got on the phone and talked to my contact in the CBI about this announcement and its significance. I am being told that they would like to have already completed much of the collection process of billions of these three zero notes by July 2026 from us investors. Sure, there will be some lingering for years afterwards, but they want the bulk of them. I told her, for instance, that I am not giving up mine until they are willing to pay me for them. Of course, this could only happen when the rate of the dinar rises significantly AND is relisted on FOREX. This would give Iraq a five to six month window to collect them. If we back track that put us in January for a reinstatement. More evidence of January timeframe.
I say January for many reasons. First it is what I was told about a month ago to look for in that month of a reinstatement, but only if Iraq completes their mandated key issues on time (I listed them in past Newsletters). Next, I was told to watch for the beginning of the redenomination process of the dinar and finally the full accession announcement of Iraq to the World Trade Organization (WTO). These would be signs to us we are heading directly into the storm for January. Yes, a storm of wealth….lol..lol..lol.. WOW! 😊
Of course, my contact would not commit to a firm January date but the prospects of this coming January are looking mighty good and multiple events are lining up along with it. There is more, but I cannot spill the beans on any more than that. I don’t want to be careless but also not too overly cautious either. Of all the months ahead, I was told that September was a key month and so far it has been. Remember also that the CBI has wanted these stashes of cash out of the homes and into the banks. The banks need the liquidity and the CBI is not about to print more money, as they told us already. I firmly believe this is the last plan to get this cash. Please take a peek at the article titled “THE CENTRAL BANK EXPECTS THE END OF CASH PAYMENTS IN IRAQ.”
😊It is said in a recent article that Iraq stands today at a historic crossroads. Please see article titled “GOVERNMENT ADVISOR: ECONOMIC REFORMS HAVE PUT IRAQ ON A NEW PATH TO GROWTH AND STABILITY.” Prime Minister Salih Mahoud Salman, advisor to the prime minister, affirmed on Friday that the economic reforms adopted by the government have placed Iraq on a new path of growth and stability. He noted that the Development Road Project and the Faw Port are symbols of an economic future that connects Iraq to the world.
Speaking to the Iraqi News Agency (INA), Salman said, “Iraq stands today at a historic crossroads, after its foreign and gold reserves increased, and its investment and infrastructure projects expanded, on a path that establishes a more diversified and resilient economy that places people at the heart of development.”
😊 Then out pops the article titled “AL-SUDANI: IRAQ IS IN THE EYE OF THE STORM.” With yet more praising of the success of Iraq over these last two and a half years (Jan 2023-June 2025). However, Prime Minister al-Sudani warned on Saturday that regional and international security, political, and environmental challenges “have placed Iraq at the eye of the storm.” In other words, Iraq is becoming a central player in the middle east and its visibility is now very high, be careful, don’t make mistakes because the stakes are very high. Al Sudani also highlighted Iraq’s ambition to become a gateway for 20 percent of Asian trade to Europe through the Development Road project.
In a speech during the launch ceremony of Iraq’s Vision 2050, Al-Sudani said, “Today we stand before a major national moment that embodies the state’s will to restore its standing in the region and the world. Countries and their leaders must launch creative ideas to defuse crises and disasters.” I have to add that I believe he is referring to the restoration (or reinstatement) of the Iraqi dinar. When I read the title of this article I could hardly believe that this is almost word for word what my CBI contact told me. She even used the comparison of the storm, like a “storm of wealth”.
There is not much more to add to the recent news from Iraq. Today’s news only confirms what we were previously told and we can see it is all moving ahead.
We must continue our prayers for the Iraqi people and the future of Iraq. Let God’s abundance and prosperity rein down upon that nation.
______________________________
________________________________________
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 has been amazing too as promised. Was He lying to us? Here comes the indictments.
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.
Prophetic Words from prophet: Julie Green
“ WORLD CHANGING EVENTS ARE TAKING PLACE TO SAVE EVERY NATION”
You can start watching the video at the 23:47 mark. From Sept 14th
_____________________________________________________________
HERE’S HOW TO MAKE YOUR ASSETS INVISIBLE FROM CREDITORS
VOWS TO EXPEL HUNDREDS OF THOUSANDS OF ILLEGAL IMMIGRANTS FROM THE UK
Sound familiar?
WHO ARE THE REAL CULPRITS OF CANCELED FREE SPEECH: First Amendment Rights
“MOST PEOPLE HAVE NO IDEA WHAT’S ABOUT TO HAPPEN AFTER TRUMP’S RESPONSE TO ILHAN OMAR”
TRUMP REALLY STUCK IT TO THEM
TRUMP’S FULL ADDRESS TO THE UNITED NATIONS
Tuesday at the United Nations, NYC
DEMS BLOW THEIR LID OVER JIMMY KIMMEL
Of course, the Dems these days have nothing else constructive to do and so why not continue their attack on Trump. Folks, you can’t make this stuff up. It has gotten to the point of being so ridiculous and does not even make sense.
WHO’s REALLY INSIGHTING PEOPLE TO COMMIT THIS VIOLENCE?
Again, someone sent these politicians a script to follow to get on the news in front of the cameras. Yes, it was time to call Trump a “fascist”.
My point is not so much that they called Trump a fascist, as we all know he is not and we don’t buy their stupid rhetoric. Instead, I just wanted to bring out how someone behind the scenes is telling them what to say and when to say it. Is it coincidental that all get on the band wagon at the same time and call him the same nasty words. Now after their wishes of violence have come true with the two assassination attempts on Trumps life and not the actual killing of Charlie Kirk, we must take a step back and ask who is really insighted the violence and how do we stop this?
I COULD NOT HAVE SAID IT ANY BETTER….
Katie Hopkins speaks out in London 2025 on regaining our freedoms.
IRAQ: END OF CURRENCY REFORM STAGE
Iraq has officially entered the final stage of its longawaited currency transformation,
as confirmed by Prime Minister Muhammad Shia al-Sudani.
This historic shift marks a significant step in modernizing Iraq’s financial system,
including the modernization of banks and stronger regulations. The announcement
comes after years of reforms aimed at stabilizing the Iraqi dinar and improving its value against foreign currencies.
The Iraqi government has also taken measures to contain the dollar exchange rates, such as increasing the number of beneficiaries from the social protection network and
allowing government banks to sell dollars to citizens at the official rate.
Additionally, the government plans to end the dollar auction system at the Central Bank by yearend, aiming to integrate Iraqi banks into global banking and shift to directcommercial banking transactions altogether. These actions are part of a broader effort to digitize government services, improve the
salary disbursement process, and enhance the stability of the Iraqi dinar exchange rate against foreign currencies.
*************************************************************************************************
AL-SUDANI: THERE IS A MAJOR ECONOMIC TRANSFORMATION IN IRAQ… INVESTMENTS TOTAL $100 BILLION.
Prime Minister Mohammed Shia al-Sudani announced today, Thursday, September 18, 2025, that the volume of investments in Iraq has reached $100 billion.
A statement from the Prime Minister’s Office, received by Baghdad Today, stated that al-Sudani “met a group of tribal sheikhs, dignitaries and academic elites from the people of the Karrada area, at the guest house of Sheikh Mahdi al-Hakak, and expressed his thanks for the invitation and the good opportunity to meet this group of the people of Karrada, the city that made sacrifices during the rule of the dictatorial regime and after the change in 2003, as it turned into a target for terrorism, and is also distinguished by embracing prominent names in the fields of politics, commerce, sports, culture and other fields.”
Al-Sudani explained, according to the statement, that “the government has implemented the first package of demands that the people of Karrada had previously submitted to him, and work is underway on the second package, pointing to the state of stability and security throughout Iraq, where the security services are imposing their full control.”
Al-Sudani stressed “the necessity of participating in the upcoming elections, with awareness, to ensure accurate selection, which means cutting halfway to the security, stability and development we seek. He also stressed the importance of overcoming the mistakes of the past stages, by prioritizing the national interest.”
He promised, “Boycotting the elections is not the solution, and will be a gift to the corrupt and anyone with an agenda that does not serve the country,” indicating that “countries of the world look at Iraq today with respect and appreciation for its achievements in many fields.”
He pointed out that “the presence of major international companies operating in Iraq is a sign of its recovery, and there is a major economic transformation in Iraq, with the volume of investments reaching $100 billion, meaning that it is a safe and stable country and an attractive environment for investment.”
The Prime Minister indicated that “Iraq is a large workshop, and in every governorate there is ongoing work to provide services according to a well-thought-out vision and plan. Integrity is one of the most important criteria for political work, and it is necessary to prioritize the public interest over partisan and factional interests.”
He stressed, “The future belongs to the youth, who constitute 60%, and it is our duty to provide job opportunities for them and secure their future.”
***************************************************************************************************
GOVERNMENT ADVISOR: ECONOMIC REFORMS HAVE PUT IRAQ ON A NEW PATH TO GROWTH AND STABILITY.
Written by Dr. Saleh Mahoud Salman / Advisor to the Prime Minister
Prime Minister Salih Mahoud Salman, advisor to the prime minister, affirmed on Friday that the economic reforms adopted by the government have placed Iraq on a new path of growth and stability.
While explaining that the country is steadily moving toward a more diversified and resilient economy that places people at the heart of development, he noted that the Development Road Project and the Faw Port are symbols of an economic future that connects Iraq to the world.
Speaking to the Iraqi News Agency (INA), Salman said, “Iraq stands today at a historic crossroads, after its foreign and gold reserves increased, and its investment and infrastructure projects expanded, on a path that establishes a more diversified and resilient economy that places people at the heart of development.”
He explained, “The Iraqi economy is not just numbers in the budget or data issued by financial institutions. Rather, it is the story of a country that has suffered for decades from successive crises that have left their mark on people’s lives and daily livelihoods.”
He added, “Since the 1980s, Iraq has been mired in a cycle of wars and sanctions, which have excluded its banks from the global financial system, weakened its ability to attract investment, and led to an almost total dependence on oil revenues.
After 2003, despite the significant opening to international markets, a significant portion of the banks remained little more than ‘fronts’ for selling currency through the central bank window, unable to practice modern banking. Meanwhile, public companies remained a heavy burden on the budget, without a productive return commensurate with the resources they consumed.”
He continued, “This bleak picture is accompanied by other problems, most notably high unemployment and poverty rates, weak productive sectors, heavy bureaucracy, and corruption that has drained the state’s resources.”
Salman pointed out that, “In the face of these complex challenges, Prime Minister Mohammed Shia al-Sudani’s government program came with a set of central priorities, with economic reform at the forefront, along with reforming the banking system, activating electronic payments, completing the unified treasury, improving the business environment, and reforming the tax and customs systems. Thus, Iraq began to prepare for a new phase, after the government realized that continuing with the old approach was no longer a viable option.”
He added, “Hence, the need to confront the heavy economic legacy that has shackled the country for decades emerged. The economy remained captive to oil rents, while the agricultural and industrial production sectors declined, and unemployment and poverty rates rose. Perhaps the first step was to reconsider the role of public companies and the government apparatus. Supreme committees were formed to restructure them according to a new philosophy that makes the state a ‘manager, not an owner.’ This represented the beginning of a comprehensive reform process that paves the way for a more resilient economy.”
Salman pointed out, “While these efforts were related to the institutional structure, financial reform represented the other side of the process. The adoption of a three-year budget (2023-2025) was not merely an accounting measure, but rather an unprecedented step that focused on investment spending rather than operational spending. It also launched tax reform packages aimed at raising collection by 30 percent by 2025. With the adoption of a unified treasury and the shift to automation and electronic payment, these decisions quickly reflected in revenues, which recorded a significant jump of more than 100 percent compared to previous years.”
Ali emphasized that “although budget control was necessary, financial sector reform alone is not sufficient without addressing the core of the economy, represented by the banking system. This is where the launch of the new trade finance platform in November 2022 changed the nature of banking in Iraq.”
He continued, “By linking foreign transfers to private banks under the supervision of the Central Bank, the parallel market was brought under control, and the difference between the official and parallel rates was reduced by more than 60 percent. In parallel, the restructuring of Rafidain and Rashid Banks began with international support, transforming the banks from mere currency brokers into modern financial institutions. The US Treasury even described this step as a ‘historic achievement.'”
He pointed out that “from the womb of these banking transformations emerged the electronic payment experiment, which quickly became the most prominent title of reform. As soon as government departments were obligated to use it, the experiment expanded to include the private sector, with points of sale increasing from 10,000 in 2022 to 50,000 in 2025, and the volume of monthly payments jumping from 90 billion dinars to more than 500 billion. The number of bank cards also increased to 22 million, and the financial inclusion rate jumped from less than 10 percent to 40 percent in just three years, an achievement the World Bank considered unique compared to stable countries that took a full decade to achieve what Iraq accomplished in two years.”
“Because money needs an environment that can absorb it, it was only natural for reforms to extend to the field of investment and infrastructure,” Salman said. “Thus, the ‘Development Road’ project and the Grand Faw Port were born as symbols of an economic future linking the Gulf to Europe.
Agreements were signed with the World Bank to finance projects in railways, energy, and water. Internally, Iraq has begun to localize pharmaceutical and construction industries and open industrial projects of various sizes, in addition to launching solar energy initiatives in factories to relieve pressure on the national grid. Thus, reforms have become more comprehensive, not limited to money and banks, but extending to the productive and developmental infrastructure.”
He continued, “While plans and policies are important, numbers remain the truest witness to the magnitude of the transformation. Foreign reserves rose to $106 billion in March 2025, up from $86 billion at the end of 2022, a growth rate of more than 12 percent. Gold reserves rose from 130 tons to 163 tons during the same period, an increase of 25 percent. Inflation declined from 7.5 percent to 2.7 percent, reflecting tangible monetary stability.”
He added, “In the banking sector, the number of accounts doubled from eight million to twenty million, and the number of bank cards increased from sixteen to twenty-two million. The electronic payment infrastructure also made a significant leap, with points of sale increasing from ten thousand to fifty thousand, and monthly payments increasing by 460%.”
He pointed out that “these indicators did not stop there, as the gap between the official and parallel rates decreased by more than sixty percent, and the financial inclusion rate rose to forty percent after being less than ten percent just two years ago.
International financing agreements worth $1.2 billion were signed, and tax revenues increased in 2024 by about thirty percent compared to the previous year. In the field of digital transformation, the “OR” electronic portal and the electronic passport were launched, and authentication of issuance transactions were canceled through the secure documents system, which processed more than fifteen million transactions. As for customs, revenues rose to 2.131 trillion dinars in 2024 compared to 1.03 trillion in 2023, an increase of 106%, and a growth rate of 128% compared to before 2022.”
Salman emphasized that “the transformations were not limited to finance and revenues, but also included development initiatives. The Central Bank and government banks launched programs to support housing, renewable energy, youth entrepreneurship, and industrial cities. The Iraq Development Fund was also established as a new financing arm. In the industrial sector, practical steps were taken to localize the pharmaceutical and construction industries, various production projects were opened, and initiatives were launched to equip factories with solar energy, in addition to signing agreements with global industrial unions.”
He pointed out that, “Despite all these results, it is undeniable that the road ahead is still full of challenges. Oil remains the backbone of the budget, and bureaucracy and corruption remain major obstacles to consolidating reform. Nevertheless, the government’s goals through 2026 appear both ambitious and realistic: reducing dependence on oil to less than 85% of revenues, reducing the fiscal deficit to less than 3% of GDP, improving Iraq’s credit rating, and completing the digital transformation of public finances.”
He continued, “Thus, Iraq today stands at a historic crossroads. After decades of crises and turmoil, reforms have begun to become tangible facts, demonstrated by numbers and indicators. While the road is still long, what has been achieved in such a short period proves that change is possible when there is political will and a clear vision.”
He pointed out that “Iraq has begun to take steady steps toward a more diversified and resilient economy, one that places people at the heart of development and gives future generations hope for a nation capable of rising again.”
**************************************************************************************************
AL-SUDANI: IRAQ IS IN THE EYE OF THE STORM
Prime Minister Mohammed Shia al-Sudani warned on Saturday that regional and international security, political, and environmental challenges “have placed Iraq at the eye of the storm.” He also highlighted Iraq’s ambition to become a gateway for 20 percent of Asian trade to Europe through the Development Road project.
In a speech during the launch ceremony of Iraq’s Vision 2050, Al-Sudani said, “Today we stand before a major national moment that embodies the state’s will to restore its standing in the region and the world. Countries and their leaders must launch creative ideas to defuse crises and disasters.”
Al-Sudani added, “Regional and international security, political, and environmental challenges have placed Iraq at the center of the storm, and national responsibility requires openness and frankness that these challenges target the stability of the state.”
Al-Sudani continued, “Climate and environmental disasters have begun to undermine the foundations of water and food security in countries, and it is imperative that countries, including Iraq, take steps to mitigate the crisis if it occurs.”
The Prime Minister noted that “the initiative to formulate the initial concepts for Iraq’s Vision 2050 began in 2023,” stating that “our goal is to reduce dependence on oil and achieve sustainable growth.”
The Prime Minister affirmed, “We signed the consultancy contract between the Ministry of Planning and KBR in accordance with Iraq’s Vision 2050. For the first time in the history of the Iraqi state, the government took the initiative by launching the executive policy document for strategic governance.”
He emphasized that “the general direction of Iraq’s Vision 2050 is to ensure that it covers comprehensive and promising sectors, and we look forward to Iraq being free of oil revenues in the coming decades.”
**************************************************************************************************
EXPECTATIONS OF A NEW US ESCALATION AGAINST FACTIONS IN IRAQ
Today, Sunday (September 21, 2025), the American Fox News network published a report in which it predicted that the US administration would engage in a new “escalation” against factions in Iraq in the coming period, stressing that the US administration is now certain that “there will be no consequences” for targeting the factions.
The network said, as translated by Baghdad Today, that the US administration broke the taboo of directly targeting factions inside Iraq without consulting the Iraqi government. The network cited Benham Ben Tlabello, an expert on Iranian affairs at the Foundation for Defense of Democracies, as confirming that the general trend would be “further escalation.”
The network continued, quoting the expert, “During US President Donald Trump’s first term in office, the United States broke the taboo of engaging with factions within Iraq that targeted it and countries in the region, without any real consequences.” The expert explained that “the United States feared that directly targeting factions would ignite a civil war, referring to a conflict against the Iraqi government.”
He added, “The United States is now reassured that there will be no repercussions for targeting factions, and will increase the pace of targeting to advanced stages in the coming period.”
The network concluded its report by stating that “the process of placing the factions on the terrorist list is a prelude to future targeting operations, during which the US administration will be able to engage with the factions directly without incurring legal repercussions.”
****************************************************************************************************
THE CENTRAL BANK EXPECTS THE END OF CASH PAYMENTS IN IRAQ.
The Central Bank of Iraq expects that July of next year (2026) will be the date for ending cash payments in all government institutions and other facilities.
The Central Bank’s Director of Non-Banking Financial Institutions Supervision, Durgham Musa, said in a press statement that “the Central Bank, within the framework of legislation and regulations and under the direct supervision of Prime Minister Mohammed Shia al-Sudani and specialists in other ministries, has achieved progress in the field of electronic payments.” He pointed out that “trillions of dinars have been paid electronically, in addition to the complete absence of cash transactions in the Ministry of Interior departments.”
Moussa described these indicators as “excellent,” aspiring to extend the experience to all government ministries, noting that “there are more than one initiative to encourage other government institutions to embrace the electronic digital payment framework.”
He expected that “Iraq will completely abandon cash transactions in state institutions and other facilities in July of next year, thanks to the efforts and direct supervision of the government and the sectoral body represented by the Central Bank.”
***************************************************************************************************
E-PAYMENTS SHIFT MARKS NEW ERA, IRAQI PM ADVISER SAYS
2025-09-23 08:59
Shafaq News – Baghdad
Iraq will phase out cash payments in all government institutions and public facilities by July 2026, marking what a senior official described as the start of a new era of financial modernization.
The financial and economic adviser to the Prime Minister, Mudhir Mohammed Saleh, told Shafaq News that Iraq’s farewell to cash represents a strategic step toward building a fully integrated digital economy that reduces corruption, strengthens transparency, and promotes financial inclusion.
He explained that the shift will simplify government disbursements, including salaries, pensions, loans, and subsidies, as well as the collection of fees and taxes, through faster and more accurate digital channels. “This will enhance liquidity and strengthen governance of the federal budget.”
Saleh further noted that the transition would encourage citizens to embrace electronic payments and bring unbanked individuals into the financial system, expanding financial inclusion while lowering the cost of cash-based transactions. The Iraqi government had already banned cash payments in state institutions starting in July 2025, and has since launched awareness campaigns to encourage the shift away from a cash-based culture.
Rafidain Bank reported, earlier, a sharp rise in electronic payment settlements for government institutions in Q1 2025, with transactions totaling 2.65 trillion dinars (about $2 billion), a 244 percent increase from the same period in 2024.
For decades, Iraq has remained one of the world’s most cash-dependent economies, with officials estimating that over 90% of money circulates outside the banking system. Analysts link this pattern “to political turmoil, sanctions, and repeated banking scandals that eroded public trust and left much of the population reliant on cash-based transactions.”
****************************************************************************************************
US MONETARY CHANGES RESHAPE THE GOLD LANDSCAPE, AND IRAQ FACES A DOUBLE CHALLENGE.
For decades, the US Federal Reserve’s interest rate decisions have been a central tool in guiding the global economy, with direct repercussions on the value of the dollar and the prices of strategic commodities. Gold, in particular, as a safe haven in times of turmoil, has an inverse relationship with interest rates, as any rate cut opens the door for the precious metal to rise. According to modern policy approaches, these changes are not limited to the US economy alone, but extend to emerging markets and developing countries, including Iraq, which is directly affected by global movements.
In this context, economic affairs expert Rashid Al-Saadi explained that “the US Federal Reserve’s decision to cut interest rates has direct and indirect effects on gold prices in global markets, especially since gold is considered one of the most important safe havens during times of economic change.
With interest rates cut, investment returns on dollar-denominated assets such as bonds decline, increasing gold’s attractiveness to investors.” Institutional affairs experts explain this relationship as a reflection of market dynamics that push investors toward hard assets whenever cash assets lose their appeal.
Another effect is evident in the movement of the dollar itself. Al-Saadi asserts that “the dollar often declines with such decisions, which in turn increases the price of the precious metal. Investors also tend to buy gold as a hedge against inflation and currency weakness, so expectations indicate that gold will continue to achieve gains if the Federal Reserve’s accommodative monetary policy continues.” International regulatory data indicates that this relationship between currency weakness and gold’s rise has become a recurring norm during financial crises since the global financial crisis of 2008.
However, the changes are not entirely immediate. Al-Saadi emphasized that “the impact may not be entirely instantaneous, as gold’s movement is also linked to other factors such as global demand levels, geopolitical risks, and energy prices. However, the general trend remains supportive of gold’s rise as interest rates continue to be lowered.” Independent research studies indicate that these intertwined factors make reading the gold market a complex process, as economic considerations intertwine with political and security considerations.
On the domestic front, Iraq is not immune to these global influences. Al-Saadi explained that “Iraq is directly affected by global market movements, and any global decline or rise is reflected in local markets, which are currently witnessing a clear rise in gold prices as a result of the global increase.” According to economic estimates, this dependency reveals the limited ability of the Iraqi market to insulate itself from external shocks, which requires financial decision-makers to consider more effective hedging mechanisms.
Ultimately, the most significant shift is the strengthening of gold’s position as a primary investment option whenever the US Federal Reserve moves to cut interest rates. Other factors, such as global demand and geopolitical tensions, continue to influence the market’s trajectory. The precious metal is expected to continue making gains in the near term, while Iraqi markets remain closely linked to these international trends. Therefore, the next phase enters a delicate phase that requires close monitoring of economic developments before taking any investment steps. This presents local markets with a double challenge: keeping up with global pressures while protecting consumers domestically.
*************************************************************************************************
DAGHER: ADDRESSING THE EXCHANGE RATE CRISIS REQUIRES A BALANCE BETWEEN MONETARY, TRADE, AND FISCAL POLICIES.
Financial and banking expert Mahmoud Dagher asserted that the economic challenges facing Iraq stem from imbalances in the national economy’s structure. He explained that the gross domestic product (GDP) is unable to meet market needs, forcing the country to rely heavily on imports.
In an interview with Jarida Platform, Dagher explained that “the ease of laws and weak customs controls, in addition to corruption and loopholes at border crossings, have made imports a necessity for securing livelihood requirements, but at the same time, they have harmed local economic activity.”
He added, “The Central Bank has been able to somewhat meet official traders’ demands and reduce the exchange rate gap between the official and parallel markets. However, this gap still exists and poses a threat to the Iraqi economy, as it has caused prices to rise in a manner disproportionate to the official exchange rate of 1,320 dinars to the dollar.”
Dagher stressed that “confronting this problem cannot be limited to monetary policy alone, but rather requires activating trade and fiscal policy tools to ensure economic stability and address structural imbalances.”
***************************************************************************************************************
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
LATEST MNT GOAT NEWSLETTER 
You must be logged in to post a comment.