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:
October 7, 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…
Yes, it has been a September to Remember……. Now let’s see what October brings.
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 evidence is showing us the end is very near. I feel this would be a lousy time to end the Newsletter, but that is all up to you.
So, if you haven’t already shown your appreciation for October please reconsider.
Let’s all try to chip in!
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Malachi 3:10
“Bring the full tithe into the storehouse, that there may be food in my house. And thereby put me to the test, says the Lord of hosts, if I will not open the windows of heaven for you and pour down for you a blessing until there is no more need.”
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.
We don’t need rumors or bank stories. We don’t need three letter agency lies. We have FACTS and TRUTH on our side and will let them speak for themselves.
Okay folks, todays Newsletter ties together so much. Yes, the governor Ali Al-Alaq did say in an interview at the Iraq Investment Forum recently that ” The Central Bank of Iraq (CBI) firmly denied recent speculation about a potential change to the dinar’s exchange rate against the US dollar.” Let’s explore this today and more.
WELCOME to October!
Yes, it is a new month and so please consider giving appreciation for the Newsletter and all the effort I take to research, translate articles and to compile it, not to mention the web cost and cost of calls to Iraq. If you have not yet helped out to keep the Newsletter alive please consider doing so. This is a critical time and could result in a reinstatement if all goes well. All the evidence shows us this is now inevitable, but when? Yes, that is the questions we all want to know. I do not manage the RV and can only report on the news given from Iraq.
I first want to say that there is now so much FAKE news coming from Iraq. I know much better when I read these articles and my contact confirmed each one that I do dismiss. Let’s concentrate on what is really going on in Iraq, okay?
What do we know for sure? We have been told for over a decade that Iraq needed STABILITY and SECURITY to conduct the Project to Delete the Zeros. We know that this project will lead to REINSTATEMENT of the dinar. We will not be exchanging until the banks see it on FOREX and it is the kind of rate we all want. There is no way around this and no lies can change it.
Iraq now has not been more STABLE and more SECURE than EVER since 2003. I can make this statement because it is a statement made by both the CBI, the Finance Committee and by many prominent economists in Iraq. So, this is their words not mine. So, then where is the Project to Delete the Zeros?
There are many reading my blogs viewers who have issues with the CBI coming out ina recent article and saying they don’t plan to change the rate of the dinar anytime soon. So, we read this and we go off half-cocked with disappointment. But what did this statement really mean?
This statement by the Ali Al-Alaq meant that the Central Bank was not planning to change or revalue the “official” rate of the dinar which is currently at 1320 now. If you have been reading the articles I recently presented to you, then you would also know there were surveys taken by the CBI on the Project to Delete the Zeros and how the citizens felt about it. Did you watch those videos?
😊Yes, this all happened just in September not January which is 3 months away, get it? Ali Al-Alaq was talking about the three zero rate and not the FOREX rate. Yes, and so he was assuring the citizens that there was still work to be done to get to FOREX. We must remember that until the reinstatement happens, they are always just talking about the “official” rate of the sole peg to the U.S. dollar not a reinstated RV. Get it? So, why are many so disappointed? This recent statement by al-Alaq does not contradict a possible January 2026 reinstatement? It is now still only early October and so look at all the news about the dinar just in September alone.
So, here are the five issues once again that are of concern from the IMF and the US:
- Banking Reforms especially to get under control the smaller private banking sector
- Expulsion of the PMF from Iraq (its also about stopping Iran from making Iraq one of their puppet states)
- The Oil and Gas Law better knowns as the HCL
- Parallel vs Official CBI rate of the dollar, thus effects the rate of the dinar
- Collect the outstanding 80% of the currency outside the banking system
I will try to cover updates on first three of these issues today. There was not any recent news on the parallel markets and the retrieval of currency.
Banking Reform Plan:
Then what happens just the other day? An article comes out in the news titled “AL-SUDANI AFFIRMS IRAQ’S COMMITMENT TO IMPLEMENTING THE GOVERNMENT’S FINANCIAL AND BANKING REFORM PROGRAM” In it Prime Minister Mohammed Shia al-Sudani affirmed on Tuesday that Iraq is proceeding with the implementation of the government’s financial and banking reform program.
This article, according to my CBI contact, was given at a news interview where Al-Sudani reinforced his commitment in previous statements to the citizens that the dinar would once again be a “powerful” dinar. He is not talking about going from 1320 to 1166 or anything like that. He is referring to FOREX power. Get it?
Why is Iraq showing the citizens these videos? Why does the primes minister tell the citizens these kind of statements? Why just recently, again more talk of the coming of the accession to the WTO? Why all these banking reforms in the first place then?
Folks, if Iraq wanted to stay on the manipulated rate of 1320 or whatever rate, they wouldn’t be doing all these reforms. Get it?
😊Then out pops this article titled “AN ECONOMIC EXPERT PROPOSES A MECHANISM TO BOOST NON-OIL REVENUES BY MORE THAN 8 TRILLION DINARS IN IRAQ.” Well, well, well look what we have here. Another article on the subject of boosting the non-oil revenues. Remember they told us that the customs and tariffs alone could rival the oil revenues if managed correctly. Now we just witnessed deals with Kurdistan to turn over these funds to the federal public revenues. Now we see a proposal to boost the tourism and capitalize off it to also add to the pot of non-oil revenues.
An economic expert emphasized the multiple opportunities available to Iraq to boost its non-oil revenues, proposing a mechanism that would add more than eight trillion dinars annually to public revenues. Economist Nabil Al-Marsoumi stated that “religious tourism is one of the most important sources of income for Iraq, surpassing direct financial revenues from development.” He said, “Regulating religious tourism in Iraq, including imposing entry fees (visas) on all Arab and foreign visitors, will boost non-oil revenues by more than 8 trillion dinars, which is almost double the direct financial revenues from the development path!!”
Okay so what is so amazing about this news? First let me say that we have heard more than enough already on the huge (and I mean HUGE) sums that are to come from the Development Road project, which is Al-Sudani’s pet project. Now the economist is telling us that tourism will surpass this revenue even. I quote “which is almost double the direct financial revenues from the development path!!“ I rest my case….. 😊
😊 Incidentally you might also want to read the full recent article titled “TRANSPORT TO AL-GHAD PRESS: THE DEVELOPMENT PATH WILL CONNECT THE EAST AND THE WEST AND WILL STRENGTHEN THE IRAQI ECONOMY.” Yes, more about the importance of the Development Road Project. Minister of Transport Razzaq Muhaibis Al-Saadawi confirmed on Saturday that the development road project will connect the east and west, diversify the Iraqi economy, and reduce reliance on oil and gas for revenues.
The Oil and Gas Law:
😊 Here we go again….. In the article titled “AN OIL EXPERT EXPLAINS THE IMPORTANCE OF THE BAGHDAD-KURDISTAN AGREEMENT AND ITS IMPACT ON THE GLOBAL MARKET.” Oil expert Furat al-Moussawi considered the oil agreement between Baghdad and the Kurdistan Region a strategic and important agreement that paves the way for future legislation of a new oil and gas law. He noted that the next three months will be a litmus test of the extent of all parties’ commitment to its provisions. My take on this is that we will NOT see the passing of an Oil and Gas Law until this recent tripartite agreement is tried, tested and works for all parties. Will they fully implement all the conditions or let it fall apart, as previous deals have. This is the litmus test.
During his appearance on the “Free Talk” program on Al Furat TV, Al-Moussawi said, “Iraq has suffered for more than twenty years from financial and economic problems that have affected the salaries of the region’s employees,” noting that “there are clear clauses in the agreement and others that remain ambiguous.” Bear in mind two things: First the reason for the lack of timely salaries is due to the lack of an Oil and Gas Law; Second, that the IMF told Iraq in their consultations sessions years ago that they needed to pay the salaries on time and on a regular basis. Simply put, they must have the Oil and Gas Law in place and working. No more stalling or bickering over salaries. So, this new agreement with Kurdistan can open the door to fulfilling this part of the IMF requirement. I presented many articles on this new agreement to my readers, so we all should be VERY FAMILIAR with it and why it is necessary. These IMF requirements must be fulfilled or they will not allow the dinar to be reinstated. Get it? These are mandated conditions. This is also one of the 5 issues from the US Treasury and they have told Iraq the same.
😊 Please also take some time to read the recent article titled “THE KURDISTAN REGIONAL GOVERNMENT WELCOMES THE OIL AGREEMENT WITH BAGHDAD.”
The Kurdistan Regional Government (KRG) reiterated its full support for the continued implementation of the region’s oil export agreement. While affirming its commitment to the principle of sharing non-oil revenues with the federal Ministry of Finance, it called for continued discussions between delegations from both governments to reach an agreement to resolve the non-oil revenue issue. I just wanted to share this article with you to help you realize the full extent of the tripartite agreement in that if effects also non-oil revenues, but these revenues do no good to all Iraqis unless they are captured and placed in the public coffers for the federal government to use according to the budgeted projects. Remember – the non-oil revenues could rival the oil revenues if managed correctly….
😊 Yes, try this article on for size it is titled “MP RULES OUT PASSING OIL AND GAS LAW”. Will Iraq be able to pass the Oil and Gas Law by December? This is one opinion.
MP Bahaa Al-Nouri ruled out on Tuesday the possibility of passing the oil and gas law during the current period, attributing this to the ongoing deep differences between the federal government in Baghdad and the Kurdistan Regional Government. Oh wait just a second….didn’t they just agree on the “tripartite agreement”? Then we just read above an article and I quote from the article “THE KURDISTAN REGIONAL GOVERNMENT WELCOMES THE OIL AGREEMENT WITH BAGHDAD”. Yes, they still need to implement it and thus the litmus test over the next 3 months.
He added, “The (past) lack of understanding between Baghdad and Erbil regarding natural resources makes the chances of passing the law almost non-existent at the present time.” Here is the most important part of this article and I quote from it – “He pointed out that if the law is passed, it will be one of the most important economic laws regulating the relationship between the central government and the region.” So I ask you again. Is the Oil and Gas Law already passed? Is it important to us to get the reinstatement? Why do all these idiot intel gurus out there keep telling you the law is already “all done” when we can clearly see it is not. Do they even know anything about what is really happening in Iraq?
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😊Take peak at this article titled “IRAQI BANKS BETWEEN THE “DOLLAR TRANSFERS COMPLEX” AND THE “DREAM OF A REGIONAL FINANCIAL CENTER”: A NEW VISION FOR THE CHANGING MIDDLE EAST ECONOMY”. In a region experiencing major transformations, from economic corridor projects to reconstruction plans, from geopolitical shifts to the so-called “New Middle East” plans, Iraq finds itself facing both a historic opportunity and fateful challenges. A bold banking and economic vision is needed here, seeking to transform Iraqi banks from marginal players to key players in economic decision-making and building an attractive investment environment. Do you think Iraq will be a financial hub at 1320?
I quote from the article – “The answer, it seems, cannot be delayed. Today’s Middle East does not wait for the hesitant, and if Iraq does not race against time to reform its banking sector, it may find itself excluded from the map of the new Middle East.” Choo, Choo….
Banking Reform Plan for Private Banks:
😊 Then this article pops out titled “RAFIDAIN BANK: 81 BRANCHES ADOPT THE COMPREHENSIVE BANKING SYSTEM.” Rafidain Bank announced on Tuesday that 81 branches have joined the comprehensive banking system. From hundreds of banks in Iraq, including lots of mom and pop private banks, this is a very good start. It is moving ahead quickly. I already showed you multiple articles about this banking reform plan and how it will transform Iraq and ready it for the currency reform. In fact, the banking reforms directly support the currency reform that Al-Sudani keeps talking about. They must be in place first. Remember that this topic is also one of the five issues the IMF and the US has told Iraq must be addressed prior to the reinstatement.
Expulsion of the PMF from Iraq:
😊 There is yet one more topic I want to cover today and that is the issue of the Iranian backed militias in Iraq. We know this is also on the list of the five issues that must be resolved prior to the reinstatement happening. So the US government under Trump has already designated three of these militia groups as “terrorists” organizations. They can now go after them. Today we learn that the US is going to remove these organizations of militias from Iraq at the covert request of the Iraqi government.
Here are some recent articles on this subject matter titled:
“US OFFICIAL: WE WILL SOON REDEPLOY OUR FORCES TO IRAQ” BAGHDAD (Reuters) – President Donald Trump’s administration will soon resume the deployment of US troops in Iraq, a US official told Al Jazeera on Tuesday It is in line with Washington’s interests in the region. The responsibility is to redeploy US forces in line with the Trump administration’s strategic priorities in Iraq and the region
“IRAN SHIFTS STRATEGY: DIPLOMACY REPLACES MILITARY FOCUS IN IRAQ”
Basically remove them or we will remove them for you… Iran is shifting its approach in Iraq ahead of the November 2025 parliamentary elections, focusing on diplomacy and institutional influence rather than direct military action, Daily Sabah reported on Tuesday.
“THE US SANCTIONS 38 ENTITIES AND INDIVIDUALS LINKED TO IRAN” The US Treasury Department announced sanctions on Wednesday against 21 entities and 17 individuals for facilitating Iran’s acquisition of sensitive technologies that support its ballistic missile and military aircraft programs. The US, under Trump is not going to give up on neutralizing Iran as a threat to the entire world, especially Iraq. It is time for regime change but this will not happen overnight. It is election time in Iraq and they must get these Iranian backed politicians out of the government just like in the US which has communists/Marxist politicians that must also be weeded out and taken out of their politics. You all know who I mean, don’t you…….. ?
“WASHINGTON POST: THE UNITED STATES HAS SET FOUR CONDITIONS FOR IRAN NOT TO START A WAR”. The Washington Post reported that the Trump administration is trying to get Iran to accept four conditions as the basis for new nuclear talks to avoid a military conflict. The Washington Post reported Thursday that the Trump administration’s conditions for Iran include “direct negotiations, a halt to uranium enrichment, limiting its missile program and halting funding for its supporters in the Middle East.
The show is NOT over until the fat lady sings…lol..lol… Please don’t get cocky instead pray. Pray that all goes well.
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.
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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.
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
“There is a war going on that is about to intensify”
You can start watching the video at the 17:01 mark.
What can we do? God tells us how to fight back.
Is the exaggeration of “mixing church and state” an intentional misinterpretation of the US Constitution to suit their purpose of isolating the churches from speaking out and being part of the fight? We can clearly see now that it was. Even under president Obama, laws were passed to threaten church exceptions if they spoke out. When will the Christian churches get up and speak out?
“The Dismantling of the United Nations”
You can start watching the video at the 17:00 mark. From Sept 26th.
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15 THINGS TO DO IF YOU GET RICH ALL OF A SUDDEN
15 ASSETS THAT ARE MAKING PEOPLE RICH/RICHER
HERE’S HOW TO MAKE YOUR ASSETS INVISIBLE FROM CREDITORS
FORMER FBI DIRECTOR JAMES COMEY’S PATH TO PRISON
Who will he take along with him? Who’s next?
Attorney Ron Chapman. I like this guy. His news is nonbiased and nonpolitical. He tells it like it is. If a crime has been committed someone or some folks must pay the price for it. Folks this is not just Congressional hearings anymore. That is mostly all done already. Comey has been charged, or indicted, for crimes and more are coming. The investigation is not yet over.
A million-dollar dossier, a Phoenix tarmac meeting, and a former FBI Director now under federal indictment. What was once billed as “Russian interference” has exploded into a far-reaching scandal involving leaks, cover-ups, and political favoritism at the highest levels of government. From Hillary Clinton’s deleted emails and the Clinton Foundation probe to James Comey’s sworn denials before Congress, the case now charging him under 18 U.S.C. §§ 1001 and 1505 is only the beginning.
TIME IS UP FOR HILLARY CLINTON
Most true Americans just want justice and its way overdue. Who will the fall of Hillary take down with her? What is the Epstein connection in all this? Can it eventually lead to the take down Barrack Obama too?
Attorney Ron Chapman. I like this guy. His news is nonbiased and nonpolitical. He tells it like it is. If a crime has been committed someone or some folks must pay the price for it. Folks this is not just Congressional hearings anymore. This is the real thing. Comey will inevitably testify against Hillary to save his own ass. Besides there is more than enough evidence to put her in prison without it anyway.
TRUMP AGAIN ANNOUNCES POSSIBLE $1,000-$2,000 TARIFF DIVIDEND FOR TAX PAYING AMERICANS! TRUE OR FALSE?
WASHINGTON — President Trump has once again mentioned his idea of sending out stimulus checks to Americans. In an interview with One America News Thursday, he was asked what he would do with the revenues from higher tariffs on imported goods.
Trump first said they’re looking at “paying down debt.” He then added they also may issue a stimulus as a result. You can hear it from his own mouth. This is his words not mine. No rumors or opinions here.
In this interview he does not say this dividend is approved as it will have to come through congress and the senate first for appropriations. Let’s see what happens. If it does, it will probably not come until tariffs are working for a bit of time. So don’t expect it this year.
PELOSI MAKES EPIC RANT: ‘GO F**K THEMSELVES’.
Really now, is it time for Pelosi to melt away out of politics or should we move to investigate her insider trading as the speaker of the house. If she really wants to play hard ball we have the evidence to lock her up too. If I were her, I would take a low, very low profile and stop the rants. The hammer is not selective!
WHO IS HELPING TO FUND THESE RIOTS IN THE U.S.?
We’ve all see the piles of bricks on street corners being supplied to protestors during the BLM and other riots. Who is paying for these and doing this? Also why do these rioters have gas masks and other riot gear. Who is paying for these supplies? Let’s take a deeper dive into this issue today. We all need to understand how they are orchestrating this takeover of the U.S. one day at a time, one riot/protest at a time, one crisis at a time.
The US Constitution, under the First Amendment, guarantees the right of Free Speech and to protest your Grievances against the government. These paid protestors are not the voice of the people. Their agenda is not sincere. These are not organic protestors with legitimate causes. Their agenda is radical and comes from whomever is funding them and pays them. Sure they may join organic causes but go crazy with demands and riots. Most could not even care less about the causes/issues they protest for. Oh… but you might say you have proof that some protestors are not paid. Really? Well… I have to the proof today that they are. You would be right in some small extent as I said some are organic, justified causes and they should be protesting. There are many smaller organic protests and so I don’t want to criticize them. We should all be VERY concerned about the larger, organized protest that are violent or on the cusp of violence. These are the ones organized by backers who want a crisis and these protests, the leaders are paid even if the protestors are not. They using the organic protestors and they don’t even realize it.
In most cities, protests need a permit to be legal. So, who is legally permitting these protests without doing research into the groups conducting them. Are these solely the BLUE democrat states and woke politicians? Go figure…
Why are they doing this?
Simply put, it is a well-organized orchestrated Communists/Marxist Party (CCP) effort to destroy the west and everything America stands for. It could not be any clearer after watching this video today. Please watch it.
They need the west to fail. When I say wes,t I mean all the major democratic, constitutional republics of the developed nations, especially the U.S. The proof is all there, but you have to wake up and see it.
What can we do about it?
Next you have to write, call, text, tweet or whatever you representatives and tell them these organizations need to be investigated, defunded somehow, disbanded and shutdown. Do you think it is time to end this funding? Do you think it’s time to end these Marxists indoctrination centers of our children from these organizations? Why do you think these young people protests so much?
THE TRUTH ABOUT POCAHONTAS WE ALL NEED TO KNOW. WAS TRUMP CORRECT?
Yes, another corrupt politician that slivered her way into a position of power.
EXPECT MORE CHARGES AS COMEY ALREADY FACES LYING TO CONGRESS AND OBSTRUCTION
FORMER FBI DIRECTOR JAMES COMEY INDICTED
Folks, you may poo poo this recent event with Comey, but when you do, you are not realizing the full impact this is going to have on cleaning up the rest of the corrupt garbage in our government. The flood gates are about to open on these indictments and this is just the trickle. Remember God, through His prophets, told us there will be accountability for their actions. First we needed a government that will be brave enough to confront them and expose them. Then a U.S. Attorney General honest enough to indict them and prosecute them. Please watch all three videos there are bits of info in each to inform you.
COMEY INDICTMENT WILL HAVE A ‘CASCADING EFFECT’
MORE INDICTMENTS TO COME….IS JOHN BRENNAN NEXT?
Let the cascade begin! Evidence against him and many others have been submitted to the grand jury for review. Who’s next? When will they finally go after Barrack Obama?
THE “GREEN SCAM”. WE NEED TO HONOR THE TRUTH ABOUT THIS NARRATIVE FROM THE UN. ARE WE BEING SCAMMED?
Is it time to wake up?
The next video is long but chock full of information on the impact of not thinking through and using common sense on the climate change scam and doing a knee-jerk reaction.
What is it all really about then?
IRAQI BANKS BETWEEN THE “DOLLAR TRANSFERS COMPLEX” AND THE “DREAM OF A REGIONAL FINANCIAL CENTER”: A NEW VISION FOR THE CHANGING MIDDLE EAST ECONOMY
In a region experiencing major transformations, from economic corridor projects to reconstruction plans, from geopolitical shifts to the so-called “New Middle East” plans, Iraq finds itself facing both a historic opportunity and fateful challenges. A bold banking and economic vision is needed here, seeking to transform Iraqi banks from marginal players to key players in economic decision-making and building an attractive investment environment.
A Rapidly Changing Middle East
Economic expert Saif al-Halfi told Iraq Observer that the Middle East is currently undergoing profound transformations, including mega-projects and new economic corridors. Baghdad stands at a historic gateway that requires a fundamental shift in the way the financial sector is managed. What is required is not just an injection of capital or the introduction of modern payment systems, but rather the establishment of an integrated legal and institutional vision that protects financing and opens the way for development initiatives. Only then can Iraq capitalize on its strategic geographic location, the Faw Port, the Development Road project, and its oil, gas, and human resources to become a financial and commercial hub at the heart of the region.
The first challenge: Capital and institutional reform.
The first step Al-Halfi refers to is raising the capital of Iraqi banks and strengthening their resilience to risks. This is a plan the government has implemented in cooperation with the Central Bank and with the assistance of the global consulting firm Oliver Wyman. The decision was made to raise the capital of banks to 400 billion dinars. Although this decision appears to be an accounting measure, it lays a new foundation for building a stronger banking sector that is more integrated with the regional and international economies.
He adds that institutional reform, the dismantling of large shareholdings, and the introduction of automation and modern systems are not sufficient on their own, but they are an indispensable condition for transitioning from the stage of survival to the stage of competition and expansion.
The Second Challenge: From Dollar Captivity to Diversified Financing
Al-Halfi acknowledges that banking activity in Iraq still relies almost entirely on foreign remittances in dollars. This reality makes banks more like large exchange houses than true financial institutions. International experience confirms that banks only flourish when they transform into “real financiers” of the national economy through lending and adopting diverse strategies.
The economic expert suggests that expansion should be based on five main paths: “The first is personal and housing loans to meet citizens’ needs. The second is financing small and medium-sized enterprises, as they are the largest engine of employment and growth. This is in addition to loans to large companies, especially those listed on the Iraq Stock Exchange or seeking to be listed. Syndicated loans to finance oil, electricity, refinery, and residential projects, provided the Central Bank is flexible in granting licenses. Fifth, financing international trade, including letters of credit and participation in foreign projects such as oil refining in more active markets.” These mechanisms, if implemented boldly, will open the door to a qualitative transformation in the Iraqi economy, away from the “dollar complex.”
Challenge 3: The Electronic Payment Revolution
In parallel with financing and lending, electronic payment is emerging as a fundamental pillar of the new financial world. Al-Halfi believes that Iraqi banks must accelerate the provision of modern and diverse banking products, such as credit cards, debit cards, prepaid cards, charge cards, and even secured credit cards. Diversifying these products will not only contribute to enhancing financial inclusion and reducing reliance on cash, but will also enhance the financial system’s ability to combat money laundering and boost investor and customer confidence alike.
What Is Required Of The Iraqi Government
, however, is that banks alone cannot fight this battle. What is required, according to the economic expert, is to expedite the enactment of modern laws to protect loans and electronic transactions, in addition to establishing specialized banking courts to quickly resolve disputes, and establishing an expedited judiciary to ensure the stability of transactions.
He stresses the importance of establishing a credit guarantee scheme for small and medium-sized loans, in which the state participates in guaranteeing loans to reduce financing risks, thus encouraging banks to lend instead of relying on external transfers.
The Historic Opportunity
presents a mix of challenges and opportunities. On the one hand, Iraqi banks face the accumulation of overreliance on the dollar, weak capital, and delayed legislation. On the other hand, Iraq possesses a unique geographical location and massive strategic projects, as well as natural and human resources that could transform it into a regional financial center if exploited wisely.
Al-Halfi poses a pivotal question: Will Iraqi banks remain captive to remittances, or will they transform into genuine financial institutions that contribute to building a diversified and robust economy?
The answer, it seems, cannot be delayed. Today’s Middle East does not wait for the hesitant, and if Iraq does not race against time to reform its banking sector, it may find itself excluded from the map of the new Middle East.
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IRAN SHIFTS STRATEGY: DIPLOMACY REPLACES MILITARY FOCUS IN IRAQ
Iran is shifting its approach in Iraq ahead of the November 2025 parliamentary elections, focusing on diplomacy and institutional influence rather than direct military action, Daily Sabah reported on Tuesday.
Visits by Ali Larijani, secretary general of Iran’s Supreme National Security Council (SNSC), to Iraq and Lebanon, and by Ammar al-Hakim, head of the National Wisdom Movement (Al-Hikma), to Tehran, reflect Tehran’s efforts to maintain its influence and manage its “proxy networks” amid regional tensions.
“Larijani’s visits demonstrate that the SNSC has begun to take on a more central role in security and foreign policy matters,” the report noted, emphasizing that his engagements focused on reinforcing security agreements and addressing the presence of anti-Iranian armed groups in northern Iraq.
In turn, Al-Hakim’s visit to Tehran highlighted a “mutually beneficial approach” across security, justice, economic, and cultural cooperation. The meetings point toward structured partnerships between Iraq and Iran, underscoring a shared interest in stability, particularly as the elections approach.
Security cooperation, however, remains a central element of Tehran’s strategy, with both sides prioritizing the management of proxy forces and reducing their visibility amid US and Israeli pressures. “The visits by both leaders aim to secure Iran’s strategy of controlling its proxy forces, preventing their radicalization and lowering their profile against US-Israeli attacks,” Daily Sabah added.
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US OFFICIAL: WE WILL SOON REDEPLOY OUR FORCES TO IRAQ
BAGHDAD (Reuters) – President Donald Trump’s administration will soon resume the deployment of US troops in Iraq, a US official told Al Jazeera on Tuesday It is in line with Washington’s interests in the region.
The responsibility is to redeploy US forces in line with the Trump administration’s strategic priorities in Iraq and the region. Meanwhile, security sources indicated that there were movements to redeploy US forces and tactical changes in some areas.
Through the past weeks, you have achieved a combination of some monitoring points and administrative headquarters, or the warehouses that you can use your forces.
Convoys of trucks and trucks carrying military supplies moved between the al-Qaeda, and threatened from Ain al-Assad in Anbar and al-Qaeda in Baghdad, through the Kurdistan region of Iraq and Syria.
It refers to the base of a number of military cargo planes at Ain al-Assad base in Anbar province, and destroys it as a carrier for heavy military supplies and equipment, as a number of soldiers began to hide in the form of containers.
The US administration also urged Iraqi officials during its previous delay in accelerating the withdrawal and adhering to the previously challenging deadline in the agreement Besides this issue, there will be a meeting at the end of September this time.
The United Provinces General Gazette of Iraq 2003 mentions that there are about 30,000 soldiers.
In late 2011, the United States invaded Iraq under President Barack Obama and withdrew its forces from there, except for a small number of military advisers.
With the introduction of a large-scale state organization in Iraq in 2014, Washington lost its ability to propagate more than 5,000 elements, before reducing it to 3,000 2021, then reduced its forces to 2500 generally by 2023 under pressure from the Iraqi parliament.
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THE PENTAGON IS CONTINUING TO REDUCE ITS MISSION IN IRAQ.
The Pentagon renewed its commitment to reducing its military mission in Iraq, as agreed upon last year, stating that the transition of US-led coalition operations was a result of its success in combating ISIS.
“The US government will continue to coordinate closely with the Iraqi government and coalition members to ensure a credible transition,” the Pentagon said in a statement.
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THE US SANCTIONS 38 ENTITIES AND INDIVIDUALS LINKED TO IRAN
The US Treasury Department announced sanctions on Wednesday against 21 entities and 17 individuals for facilitating Iran’s acquisition of sensitive technologies that support its ballistic missile and military aircraft programs.
The ministry stated in a statement reported by Western media that these networks “facilitated activities including providing advanced technology to Iranian air defense systems and the illegal purchase of a US-made helicopter.” She added, “Iran’s ballistic missile and conventional weapons capabilities, supported by these networks, pose a significant threat to US personnel in the Middle East, US commercial vessels in international waters, and civilians.”
The statement quoted US Treasury Secretary Scott Besant as saying, “The Iranian regime’s support for terrorist organizations and its pursuit of nuclear weapons threaten the security of the Middle East, the United States, and our allies around the world. Under President Trump’s leadership, we will deny this regime the weapons it uses to achieve its malign objectives.”
He explained that this measure comes “in support of the re-imposition of UN sanctions on Iran on September 27th. All UN member states must implement restrictions on Iran’s nuclear, missile, and other weapons programs, including an arms embargo, export controls, travel bans, and asset freezes on individuals and entities—including banks—involved in these activities.”
The US Treasury clarified in its statement that the reimposition of the “trigger mechanism” sanctions came as a result of “Iran’s significant breach of its nuclear obligations under the Joint Comprehensive Plan of Action (JCPOA),” and that the recent Security Council resolution reflects the international community’s commitment to protecting the nuclear non-proliferation regime from Iran’s threats and nuclear escalation.
According to the ministry, the sanctions targeted “an Iranian weapons components procurement network operating on behalf of the Aerospace Industries Organization, a subsidiary of the Iranian Ministry of Defense, and its subsidiaries, such as the Shahid Bagheri Industrial Group, responsible for the solid-fuel ballistic missile program.”
The sanctions also targeted another network operating in Iran, Hong Kong, and China for “facilitating the provision of dual-use US electronics to Shiraz Electronic Industries Company, which manufactures radars and air defense missile guidance technologies.”
The sanctions included an additional network operating out of Iran, Germany, Turkey, Portugal, and Uruguay “for providing US-origin equipment to the Iranian Helicopter Support and Maintenance Company, which manufactures and maintains helicopters used by the Iranian Revolutionary Guard Corps.”
The Treasury Department indicated that this operation was carried out in coordination with the Department of State, the Department of Homeland Security, and the Federal Bureau of Investigation.
According to the Treasury statement, the managers and founders of these companies were designated for their role in providing dual-use equipment and technology for Iran’s weapons programs. New entities and individuals were also designated.
On September 26, the UN Security Council rejected a draft resolution proposed by Russia and China to extend Security Council Resolution 2231, which supports the Iranian nuclear agreement, for six months. Meanwhile, the British ambassador to the UN stated that UN sanctions would be reimposed.
The United Nations later reimposed sanctions on Iran over its nuclear program through a mechanism known as the “snapback mechanism.” Meanwhile, Iranian Foreign Minister Abbas Araqchi affirmed that his country would not accept any agreement that does not guarantee its national interests, and the Iranian parliament emphasized that the only option in response to the reimposition of sanctions “is escalation and force.”
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WASHINGTON POST: THE UNITED STATES HAS SET FOUR CONDITIONS FOR IRAN NOT TO START A WAR
The Washington Post reported that the Trump administration is trying to get Iran to accept four conditions as the basis for new nuclear talks to avoid a military conflict.
The Washington Post reported Thursday that the Trump administration’s conditions for Iran include “direct negotiations, a halt to uranium enrichment, limiting its missile program and halting funding for its supporters in the Middle East.
“These conditions, which have been among the most critical obstacles in previous rounds, are likely to be rejected by Tehran,” the official said. “The US administration believes it is time to increase pressure, and the sanctions create an opportunity for a diplomatic solution,” he said. The United Nations on Wednesday reimposed sanctions on Iran through a mechanism.
The Washington Post says the sanctions have caused confusion in Iranian politics and increased pressure on the country’s economy. “Not returning to negotiations increases the likelihood of confrontation,” Wali Nasr, a professor of Middle Eastern studies at Johns Hopkins University, told the Washington Post.
A European official also expressed concern that reimposing sanctions was not the best option, adding that the diplomatic door remained open. We do not believe in a military solution to the nuclear issue.
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MP RULES OUT PASSING OIL AND GAS LAW
(Will Iraq be able to pass the Oil and Gas Law by December? This is one opinion.)
MP Bahaa Al-Nouri ruled out on Tuesday the possibility of passing the oil and gas law during the current period, attributing this to the ongoing deep differences between the federal government in Baghdad and the Kurdistan Regional Government.
Al-Nouri said, “Political and legal differences still prevent reaching a consensus formula for the law, indicating that the political blocs have not yet been able to overcome the obstacles related to revenue sharing and the mechanism for managing the oil file.”
He added, “The lack of understanding between Baghdad and Erbil regarding natural resources makes the chances of passing the law almost non-existent at the present time.” He pointed out that if the law is passed, it will be one of the most important economic laws regulating the relationship between the central government and the region.
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THE KURDISTAN REGIONAL GOVERNMENT WELCOMES THE OIL AGREEMENT WITH BAGHDAD.
The Kurdistan Regional Government (KRG) reiterated its full support for the continued implementation of the region’s oil export agreement. While affirming its commitment to the principle of sharing non-oil revenues with the federal Ministry of Finance, it called for continued discussions between delegations from both governments to reach an agreement to resolve the non-oil revenue issue. This came during the weekly meeting of the Kurdistan Regional Government’s Council of Ministers, chaired by Masrour Barzani and attended by Deputy Prime Minister Qubad Talabani.
According to a government statement:
“In the first paragraph of the meeting’s agenda, the Chief of Staff of the Council of Ministers, Omed Sabah, reviewed a detailed report on the region’s financial situation, including the latest data and figures related to revenues and expenditures, prepared by the Ministry of Finance and Economy.” He noted in his report that “following the tripartite agreement to resume oil exports, a new financial situation has arisen for the federal government that requires the region to reassess and reorganize its financial situation.”
The statement added, “After extensive discussions, the Council of Ministers renewed its full support for the continued implementation of the Kurdistan Region’s oil export agreement, which entered into force on September 27, 2025. Under the agreement, an average of 195,000 barrels of oil per day were delivered from the region’s fields to the State Oil Marketing Organization (SOMO) over the past few days. The Ministry of Natural Resources undertook the delivery process, with SOMO, in turn, selling it on global markets and depositing the proceeds into the federal treasury.” In this context, the Council expressed “hope that the federal government will fully fulfill its obligations regarding the disbursement of salaries and benefits to Kurdistan Region employees for August 2025 and subsequent months, as is the case in the rest of Iraq.”
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RAFIDAIN BANK: 81 BRANCHES ADOPT THE COMPREHENSIVE BANKING SYSTEM.
Rafidain Bank announced on Tuesday that 81 branches have joined the comprehensive banking system. The bank stated in a statement that “81 branches have joined the comprehensive banking system, following the entry of the Hudhayfah bin Al-Yaman branch and the General Secretariat of the Council of Ministers branch into the integrated electronic service.”
He added, “The implementation of a comprehensive banking system is a critical strategic step, as it enables the transition from traditional paper transactions to modern electronic operations, which contributes to increasing operational efficiency, accelerating transaction completion, and enhancing transparency and accuracy in service delivery.”
The bank also stated that “the adoption of this system is in line with the latest global banking practices, constitutes a fundamental pillar for improving the quality of services provided to customers, and paves the way for the development of innovative financial products that reflect the digital transformation in the Iraqi banking sector.”
The statement also noted that “the integration of branches into the comprehensive banking system will have a direct impact on customers by reducing transaction processing time, reducing error rates, and providing more secure and flexible digital channels, providing customers with an advanced banking experience that meets their daily needs.”
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TRANSPORT TO AL-GHAD PRESS: THE DEVELOPMENT PATH WILL CONNECT THE EAST AND THE WEST AND WILL STRENGTHEN THE IRAQI ECONOMY.
Minister of Transport Razzaq Muhaibis Al-Saadawi confirmed on Saturday that the development road project will connect the east and west, diversify the Iraqi economy, and reduce reliance on oil and gas .
Al-Saadawi told Al-Ghad Press, “The Iraq Investment Forum is a great opportunity to showcase promising investment opportunities in Iraq, most notably the Development Road project, which enjoys direct support from Prime Minister Mohammed Shia al-Sudani .”
He emphasized that “the project represents a qualitative shift in the Iraqi economy and a new approach to the economic file,” indicating that “the project is not merely a railway or a highway, but rather an integrated economic project linking the East and the West, and consists of the Grand Faw Port and the industrial and economic cities that will extend on both sides of this corridor from Faw to Fish Khabur .”
He added that “there are eight sectors targeted by the project by consultant Oliver Wiemann,” stressing that “the project will work to diversify the Iraqi economy and reduce dependence on oil and gas .”
Earlier, Prime Minister Mohammed Shia al-Sudani said that “a special conference will be held to showcase the investment opportunities related to the Development Road project,” indicating that it will be the largest in the region.
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TRADE: CONFERENCES WITH GULF COUNTRIES TO ACTIVATE THE PRIVATE SECTOR
In line with government plans and programs designed to stimulate the private sector and enhance its role in the country’s development plans, the Ministry of Commerce announced its intention to hold conferences with a number of Gulf countries with the aim of developing partnerships with the private sector and maximizing the country’s financial resources.
The ministry’s official spokesperson, Mohammed Hanoun, told Al-Sabah that the ministry has included in its plans and policies the activation of international economic and trade relations, in addition to launching new memoranda of understanding with a number of countries, particularly the Kingdom of Saudi Arabia, the States of Kuwait and the United Arab Emirates, to enhance cooperation and support the international private sector. He added that the next phase will witness the organization of joint conferences and seminars with these countries, which have expressed their willingness to cooperate with Iraq in this field.
He indicated that these activities will establish clear foundations for formulating policies related to international relations related to the private sector and investments, which will contribute to maximizing the country’s resources without placing an additional burden on government budgets.
Hanoun explained that Iraq’s recent accession to the World Trade Organization will contribute to the implementation of decisions and laws related to the economy, food security, and support for local products, in line with local market requirements. This is in line with the government’s approach to prioritizing the private sector and activating it to work alongside the public sector. He confirmed that his ministry has submitted new draft laws to the House of Representatives that will strengthen international economic and trade relations.
He pointed out that the Ministry has succeeded in automating all its procedures and transitioning to digital work in various fields, particularly those related to the private sector. It has created a new electronic platform called “Al-Tajer” to facilitate the process of registering merchants and obtaining their licenses.
In the same context, the Ministry of Commerce spokesperson revealed that many Gulf investors and businessmen, most notably Kuwait, Saudi Arabia, and the UAE, have expressed their willingness to enter into investment partnerships with Iraq. He explained that digital transformation will be an attractive factor for them, as it will facilitate the formulation of plans and policies, free from complex administrative routine.
He emphasized the importance of electronic platforms, as they will enable transactions to be completed and approvals obtained within record timeframes, enhancing the investment climate while simultaneously providing international companies and investors with a more flexible operating environment.
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The government remains silent
THE DINAR, THE DOLLAR, AND MARKETS ARE IN TURMOIL. THE DARK CLOUD OF SANCTIONS ON IRAN LOOMS OVER IRAQ.
With the “trigger mechanism” officially in place, Iran entered a new phase of international isolation, and with it, Iraq returned to the heart of a complex equation combining economics, politics, and security. This mechanism, stipulated in the 2015 nuclear agreement, automatically reactivated six binding Security Council resolutions issued between 2006 and 2010, transforming unilateral US sanctions into UN sanctions binding on 193 countries. With this development, the issue is no longer merely a legal debate or a political bargaining chip; rather, it is a new reality that forces Baghdad to reconsider its relationship with its eastern ally and the legitimacy of the international system.
Economic expert Ahmed Abdul Rabbo explained to Baghdad Today that “activating sanctions on Iran will have direct repercussions on the Iraqi economy, particularly in the energy sector and inter-regional trade, given Iraq’s heavy reliance on Iranian gas and electricity.” He added that this measure “will lead to additional pressure on the local market and higher prices, in addition to increasing demand for the dollar and its impact on the stability of the dinar.”
Cross-cutting political-economic assessments indicate that this comment underscores the fragility of the Iraqi economy, as any disruption to gas or electricity flows from Iran translates immediately into disruption in local markets. Research data indicates that Iraq has already lost thousands of megawatts of electricity production in the past when Iran reduced gas exports due to financial arrears, leaving Baghdad in a position of near-hostage to regional developments.
According to a report by the Tehran Chamber of Commerce, reimposing sanctions in this form does not mean restoring some minor restrictions, but rather a complete restructuring of the legal and economic pressure system. Iranian expert Mohammad Khabri Zadeh told Baghdad Today that “activating the trigger mechanism will once again impact the economic climate and financial markets in Iran, with two possible scenarios: one pessimistic and the other balanced.” He explained that the pessimistic scenario is based on a decline in oil exports, surges in the dollar and gold, and uncontrolled inflation, while the balanced scenario assumes that most of the major sanctions are already in place, but the cost will increase due to the new legal effect. In-depth legal analyses confirm that these developments will force Tehran to strengthen its “resistance economy” policies and implement austerity measures to contain the repercussions.
Economic expert Ziad al-Hashemi wrote that “the fundamental difference in activating the trigger mechanism is that it transforms unilateral US sanctions on Iran into UN sanctions binding on all UN member states.” He explained that this step will increase pressure on countries like China and Russia, which previously dealt with Tehran only partially. According to institutional approaches, this means that Iran’s isolation is likely to expand, and that Iraq, as its largest trading partner, will find itself under additional pressure to adhere to the path of international legitimacy.
Abd Rabbuh stressed that confronting the repercussions requires “diversifying energy sources by opening up to the Gulf states, Turkey, and Jordan, increasing investment in domestic gas to reduce reliance on imports, and developing the financial transfer system to avoid secondary sanctions.” These proposals, according to cross-cutting economic readings, coincide with calls to bolster foreign reserves and tighten controls on the foreign exchange market.
Experts argue that the absence of a clear plan will leave Iraq the weakest link in this equation, making it more vulnerable to international blackmail. Despite the sensitivity of the development, the Iraqi government has yet to announce a clear position. Baghdad Today directed an official question to government agencies about how Baghdad is handling joint issues with Iran in light of the new UN sanctions, but the response was a refusal to comment. According to independent research estimates, this silence may reflect ongoing internal consultations or a fear of adopting a position that would place Iraq prematurely in confrontation with one of the two parties. However, it also increases the state of ambiguity and opens the door to contradictory interpretations, both internally and externally.
With the trigger mechanism in place, the discussion is no longer about future possibilities or scenarios, but rather an existing reality that is pressuring Baghdad politically and economically. Iraq today faces a difficult equation: adherence to international legitimacy, with the resulting internal crises, or siding with the Iranian ally, which entails the risk of secondary sanctions that could affect its financial and regional position.
Legal and political analyses confirm that the decision is no longer a domestic choice as much as it has become a test of Baghdad’s relationship with the world, at a moment that will define the contours of its regional role and the extent of its ability to maneuver between conflicting pressures.
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AN OIL EXPERT EXPLAINS THE IMPORTANCE OF THE BAGHDAD-KURDISTAN AGREEMENT AND ITS IMPACT ON THE GLOBAL MARKET.
Oil expert Furat al-Moussawi considered the oil agreement between Baghdad and the Kurdistan Region a strategic and important agreement that paves the way for future legislation of a new oil and gas law.
He noted that the next three months will be a litmus test of the extent of all parties’ commitment to its provisions.
During his appearance on the “Free Talk” program on Al Furat TV, Al-Moussawi said, “Iraq has suffered for more than twenty years from financial and economic problems that have affected the salaries of the region’s employees,” noting that “there are clear clauses in the agreement and others that remain ambiguous.”
He pointed out that “Iraq has been restricted in expanding industrial and development projects due to a production quota described as unfair, as its production ceiling has been set at 4.6 million barrels per day since 2018.” Al-Moussawi explained that “Iraq attempted to negotiate with OPEC to increase its oil quota, but the negotiations did not achieve the desired results due to the quantities produced in the region outside SOMO’s quota. These quantities were deducted from Iraq’s OPEC quota and set at 1.4 million barrels from October 2024 until the end of October 2025, which harmed Iraq’s financial revenues and reputation within the organization.”
The expert discussed the demands of oil companies operating in the region, stating that “one of these demands was addressed by setting $16 as an approximate average figure, with an international company to determine the transportation and cost costs to pay those companies’ dues, amounting to approximately $1 billion, which was transferred to the federal government.”
He added, “The previous contract between the region and foreign companies was based on production-sharing, but a compromise formula was reached that allowed for the writing of a new law. Eight companies also requested to sign new contracts with the Baghdad government to guarantee their rights, with the federal government paying the companies $16 in kind through deducting oil quantities, not in cash. This was considered an achievement for those companies, with the agreement to postpone payment of the $1 billion.”
Despite the agreement’s importance, Al-Moussawi described it as “cautious due to its potential financial and legal risks,” noting that “Turkey seeks to cancel the Ceyhan pipeline and conclude a new agreement by the end of 2026, while Iraq has rushed to pump the region’s oil through the existing pipeline to increase its negotiating leverage with Ankara.”
He added, “The region’s oil companies are looking to sign formal international agreements with the federal government,” stressing that “Iraq will participate in the upcoming OPEC meeting on October 5, where it was agreed to raise its quota to 4 million and 220 thousand barrels per day, including between 800 and 900 thousand barrels for domestic consumption, with full commitment to the quota to strengthen its position in subsequent negotiations to increase it.”
Al-Moussawi explained that “Iraq views the Ceyhan pipeline as a strategic option for diversifying export outlets and preventing any smuggling attempts,” noting that “the region’s oil quantities will be counted toward Iraq’s OPEC quota,” noting that “oil derivative prices in the region are very high due to the reliance on private refineries.”
He concluded his remarks by stressing that “setting the 50% share for the region is not the end of the road, as Baghdad will work to raise it to 70% and also supply the region with kerosene and gasoline to ease the burden on citizens.”
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AN ECONOMIC EXPERT PROPOSES A MECHANISM TO BOOST NON-OIL REVENUES BY MORE THAN 8 TRILLION DINARS IN IRAQ.
An economic expert emphasized the multiple opportunities available to Iraq to boost its non-oil revenues, proposing a mechanism that would add more than eight trillion dinars annually to public revenues.
Economist Nabil Al-Marsoumi stated in a post on his Facebook account on Sunday, October 5, 2025, that “religious tourism is one of the most important sources of income for Iraq, surpassing direct financial revenues from development.”
He said, “Regulating religious tourism in Iraq, including imposing entry fees (visas) on all Arab and foreign visitors, will boost non-oil revenues by more than 8 trillion dinars, which is almost double the direct financial revenues from the development path!!”
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Al-SUDANI: EXCHANGE RATE REFORM IN IRAQ SHOULD BE AN EXAMPLE OF COMMITMENT AND CONFIDENCE
According to Prime Minister Mohammed Shia al-Sudani, on Tuesday, the currency reform in Iraq should be an example of commitment and confidence.
The Sudanese will receive today a delegation from KPMG, an international financial audit and consulting firm, during the ongoing protests, the press office said in a statement The company’s cooperation with the Iraqi Monetary Authority guarantees the government’s efforts to enhance the transparency of its operations and maintain the financial reputation of Iraq.
Sudani pointed out that “monetary reform in Iraq should serve as an example of commitment and confidence, and the role that financial audit companies play in the government’s pursuit The government is looking forward to several strategic partnerships with these companies through the credibility of the Iraqi state institutions International Finance and Economics Complex”
“Iraq is committed to implementing the government’s financial and spending reform program, and has played a role in improving financial classification and raising the confidence of international companies,” he said “It is a great achievement in the implementation of compliance standards and the fight against money laundering, and the transition to the latest electronic accounting system.
He stressed the importance of using the company’s expertise in the structure of public companies to promote operational efficiency, public religious administration, technical and legal advice Specialist in contract formulation for large strategic projects”.
The Government supports the efforts of the Central Bank of Iraq and the Iraqi Bank for Commerce in the technical coordination agreement with KPMG to ensure the speedy completion of due diligence and compliance According to international standards, the timetable for the issuance of final expenditure accounts”, he stressed that “the government emphasizes transparency and financial issues as fundamental pillars in construction.
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AL-SUDANI AFFIRMS IRAQ’S COMMITMENT TO IMPLEMENTING THE GOVERNMENT’S FINANCIAL AND BANKING REFORM PROGRAM.
Prime Minister Mohammed Shia al-Sudani affirmed on Tuesday that Iraq is proceeding with the implementation of the government’s financial and banking reform program.
Al-Sudani’s office said in a statement received by Mail that “Prime Minister Mohammed Shia al-Sudani received a delegation from KPMG , a global company specializing in auditing and financial consulting, where the company’s cooperation with the Iraqi banking sector was reviewed, as part of the government’s efforts to enhance the transparency of this sector’s work and sustainably improve Iraq’s financial reputation.”
Al-Sudani pointed out, according to the statement, that “banking reform in Iraq has become a model of commitment and trust, and he commended the role played by financial audit firms in establishing governance and professionalism in this sector.” He emphasized that “the government views a strategic partnership with these firms as a way to enhance the credibility of Iraqi state institutions in the eyes of the international financial and economic community.”
The Prime Minister explained that “Iraq is proceeding with the implementation of the government’s financial and banking reform plans, which has contributed to improving the financial rating, increasing the confidence of international partners in Iraqi banks, and achieving significant progress in implementing compliance and anti-money laundering standards, as well as moving towards modern electronic reporting.” He also pointed out “the importance of benefiting from the company’s expertise in structuring government companies and raising their operational efficiency, public debt management issues, and specialized technical and legal consultations in drafting contracts for major strategic projects.”
He affirmed the government’s support for “the steps taken by the Central Bank of Iraq and the Trade Bank of Iraq to continue technical coordination with KPMG to ensure the rapid completion of audit tasks, adherence to international standards, and the timetable for issuing the banks’ final accounts,” emphasizing that “the government considers transparency and financial accountability to be a fundamental pillar in building a modern national economy.”
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AL-SUDANI: BANKING REFORM IN IRAQ HAS BECOME A MODEL OF COMMITMENT AND TRUST
Prime Minister Mohammed Shia’ Al-Sudani affirmed today, Tuesday, that banking reform in Iraq has become a model of commitment and trust.
His media office stated in a statement received by Al-Rabi’a that “Al-Sudani received today a delegation from KPMG, the global auditing and financial consulting firm. They reviewed the progress of the company’s cooperation with the Iraqi banking sector, as part of the government’s efforts to enhance the transparency of this sector’s work and sustainably improve Iraq’s financial reputation.”
Al-Sudani indicated that “banking reform in Iraq has become a model of commitment and trust, and he valued the role played by financial audit firms in consolidating governance and professionalism in this sector.” He emphasized that “the government views a strategic partnership with these firms as a way to enhance the credibility of Iraqi state institutions before the international financial and economic community.”
He pointed out that “Iraq is proceeding with the implementation of the government’s financial and banking reform plans, which has contributed to improving the financial rating.” Raising the confidence of international partners in Iraqi banks, achieving significant progress in implementing compliance and anti-money laundering standards, and transitioning to modern electronic reporting.”
He stressed “the importance of leveraging the company’s expertise in structuring government-owned companies and improving their operational efficiency, public debt management issues, and specialized technical and legal consultations in drafting contracts for major strategic projects.”
He affirmed “the government’s support for the steps taken by the Central Bank of Iraq and the Trade Bank of Iraq in continuing technical coordination with KPMG to ensure the rapid completion of audit tasks, adherence to international standards, and the timetable for issuing the banks’ final accounts.” He emphasized that “the government considers transparency and financial accountability to be a fundamental pillar in building a modern national economy.”
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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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Much love to ya all,
Mnt Goat
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