October 16, 2025 Edition Latest Mnt Goat Newsletter

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 16, 2025 Mnt Goat News Brief

Guten Tag everyone:

You don’t want to miss today’s Newsletter. Today I am going to tie many recent articles together for you to demonstrate the direction Iraq is taking with the Project to Delete the Zeros.

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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Matthew 7:7

“Ask, and it will be given to you; seek, and you will find; knock, and it will be opened to you.”

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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.

You don’t want to miss today’s Newsletter. Today I am going to tie many recent articles together for you to demonstrate the direction Iraq is taking with the Project to Delete the Zeros. If you read it and don’t understand then read it again and again. You want to absorb all of it.

Yes, tick, tock, tick, tock as the Iraqi banking system suffers from a lack of liquidity, especially now it has come to a critical period. The Central Bank of Iraq (CBI) is now being forced to find ways to get these stashes of currency, hoards of paper notes out of the household and into the banks. The CBI has been very successful in getting the citizens into electronic banking. Nearly 60% of the population (those that can hold debit cards) now have done so. This has been a decade long struggle. The economy is stable and the country is secure. Inflation rates are lowest now for over three years. The CBI has recently told us they have decided to move ahead and delete the zeros.

As usual, I tell all my readers not to go off half-cocked. I will believe it when I see it. Just remember the past times when the CBI told us they were moving ahead and later didn’t. We must keep this in our prayers not just for selfish reasons but for the people of Iraq who suffered the most. Pray, pray and pray some more. God is answering our prayers.  

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Do you remember this article from March of 2012?

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So, the recent news this week was two articles on this subject of removing the zeros from the currency. One article was from the CBI itself and its committee. Yesterday in my weekly call to Iraq I asked my contact about this article. She told me that the article I posted in my 10/14 Newsletter was one of the committee’s articles she promised me would be coming out shortly. At that time, she also told me more articles are to come to direct the citizens on how to turn-in their notes, once the final decision has been made.

😊Here is today’s article titled “REMOVING ZEROS: 170 TONS OF GOLD AND ONE DECISION ON THE TABLE… WILL THE IRAQI DINAR SURVIVE EROSION?”

According to the article the “final” decision has been made by the CBI to conduct the project but the “decision is on the table” because they will need the government of Iraq (GOI) to go along with it. Yes, the CBI in theory works independently but we all know from the past that they also intend to consult with the GOI on this matter and put a referendum in place on how to handle this measure. My CBI contact told me the deputy CBI governor Ammar Khalaf had a meeting with the Finance Committee this week and this sparked the news from the reporters that we read in the recent articles. Also don’t forget about the survey they CBI conducted on the subject and the resulting videos that played showing the results of the survey. I presented both of them to you.

Did you read the article above from March 2012 on the removing of the zeros titled “HIGH COMMISSION WITH THE CENTRAL BANK TO DELETE THE ZEROS FROM THE CURRENCY”? It said and I quote “Baghdad / range said the Economic Committee in the Iraqi parliament, on Thursday, it had established with the Central Bank of Iraq to a joint committee to begin the process of deletion of zeros from the local currency. said Abdul Hussein Abtan told the Kurdish news agency that “the Economic Commission formed a joint committee with the Central Bank of Iraq on Thursday to oversee the process of removing zeros from the local currency” So this tells us the CBI in 2012 was not going to move ahead independently but wanted a joint commission with parliament. They plan to do the same now in 2025. This is what my CBI contact just told me yesterday. This is now what they are working on. This is the next step they are now in. Once this is completed they will aggressively move ahead. The clock is ticking. January 2026 is not that far off.

The meeting with the parliament was about getting the needed referendum in place to conduct the project. So, to me it sounds like the CBI is committed to doing the project and doing it as soon as possible. I am told they need to suck in these notes to the banks to help pay the salaries for August and September. They need the liquidity. Of course, the money in the banks is much needed for loan products too, as we will see in another article. After exhausting other measures to suck them in they are now resorting to this last measure.

If you recall I had an extensive discussion on these attempts by the CBI to suck in these notes in my past Newsletters. Do you remember all the other tactics the CBI tried to get them? The “cash centers”, the selling of bonds, the recent GOLD buying, etc. etc. Why would the citizens give them up so freely without a rate change as they know the rate change is coming. Al-Sudani told them it was coming. Why in hell do you think they are hoarding them? No, it’s not all about “trusting the banks” or not as was said so many times in the news. Yes, this may be part of the story but not the entire story and this is where the CBI went wrong. Now the situation is desperate and they must do something. They are at the end of the proverbial rope.

What did I say back then? I told everyone that ultimately the CBI will conduct the Project to Delete the Zeros, like it or not, better sooner than later, but here we are later but still they move ahead.  

Why mention GOLD in the articles?

What may puzzle many is why mention the GOLD purchase is mentioned in each of these last two articles on removing the zeros? What does the connection with GOLD have to do with removing the zeros? I quote from the article –“This step coincides with the bank’s announcement that it will increase its gold reserves from 90 tons to 170 tons, representing approximately 20% of its total assets and placing Iraq fourth in the Arab world and twenty-ninth globally in terms of gold reserves.” Folks that is doubling their GOLD reserves.

I talked extensively with my CBI contact on this subject of GOLD yesterday on my call. She told me the GOLD is their “safety net” should something go wrong and inflation rises as a result of the project. It going to partially back the lower denominations. They wanted to let the citizens know there is ample reserves to cover any inflation and that their currency is backed by something real not fiat. She said this move on GOLD is also the precursor to getting off the petro-dollar in the near future and the sole peg of the dinar to it. I am sure I will be covering this move with the petro-dollar in the near future and so remember what I am telling you now. If you read today’s recent article on removing the zeros, they talk once again about low inflation and also about purchasing power. So let me address these two topics also now.

Will removing the zeros actually change the purchasing power of the dinar?

If you can recall I also talked about the fact that the purchasing power would not really change when they conduct the project. I used an example of 10,000 dinar note and how the 10 dinar note would replace it, but that the 10 dinar note would then buy the same goods or services at the 10,000 dinar note would. I quote from the article –  “Comparative studies indicate that deleting zeros is a technical accounting step that does not change purchasing power, but rather simplifies calculations and reduces errors in financial systems.”  However, if this is the case then what is the incentive for the citizens to turn them in? Why would they knowing that a much better rate is on the horizon? Afterall Al-Sudani told them it was coming soon. I also want to emphasize that to drop the zeros means to drop the zeros from the paper notes NOT THE RATE behind the notes. This is important to understand.

Low inflation?

In both of these recent articles they also talked about the low inflation. Why would they do this if inflation didn’t matter. Of course, it does and all of my readers better know this by now. Shame, shame on you if you don’t. Inflation is a strong indicator of the strength of the any economy. It also directly effects the purchasing power and so they go hand-in-hand. But remember what the CBI told us as part of the plan in 2011. Once they conduct the project to remove the zeros, they will monitor for inflation for a period and if all goes well, they will move to FOREX. We just don’t know how long this period of caution will be. So, yes, yes inflation is VERY IMPORTANT as it can affect the purchasing power and the CBI does not want any effect on the purchasing power, as they told us this again in these two recent articles. Their goal is to collect these hoarded stashes of notes from the homes and everything else be transparent.

Will there be a rate change in the process?

The articles don’t mention any rate change during this process, but remember this process is in-country only. Personally I don’t see how the CBI is going to pull off retrieving all these notes from the stashes in the homes without some incentive to bring them in thus what would the incentive be? The only incentive I know is to give them a rate change just over a dollar, thus the dinar is worth more than the dollar.

Is the CBI really going ahead?

So, is the CBI really going ahead with the removing of the zeros this time? I want to mention one other perception I see in these two last articles. If you read them carefully, they are talking more in the “past tense” already like the decision has already been made and now they just need to work out the details. So, these articles are not just informative articles about the pros and cons of the Project to Delete the Zeros as in the past but informing the citizens that as a result of the surveys taken (do you remember these two videos) they have decided to move ahead.

What I am trying to tell my readers is that when you read these articles they are chock-full of information but you have to put it all in context of what you already know from the past. You have to connect the dots and get the BIG picture. So, in order to do this, you must be informed of what was said in the past…right? Yes, you have to use your mind and so what a novel idea…lol..lol..lol.. What does this mean? What I am saying is most of these idiot intel gurus out there don’t give a shit about finding out the TRUTH and are too busy selling their products or conning you into taking expensive pre-RV classes that you absolutely don’t need. So, to me it means reading the articles and learning from them as time passes. This is not an easy task to do as it takes time and patience. Most can’t be bothered. They steal info from others and plagiarize. Of course, they really don’t know the subject matter anyhow and their info them turns out half-baked and nonsense.

What else is in the news?

😊 In the recent article titled “BANK OF THE NATION; THE BANK, WHICH PROVIDES 19 LOANS AND ADVANCES, WILL OPEN SOON”
Let’s dive much deeper into this article. It is telling us so much and it does not amaze me that they “just happen” to be opening this new National Bank directly tied to the Central Bank of Iraq at about this same time they are planning to collect all this stashed and hoarded cash by removing the Zeros. Let me explain. They tell us “the Kurdistan Regional Government (KRG) is in the final stages of establishing the National Bank, a strategic project to renew and reorganize the banking sector in the Kurdistan Region; The bank is expected to be operational before the end of this year.” Oh… did they say its opening “before” the end of the year? January 2026 is just around the corner…hint,,,hint,,,hint,,,,

They are telling us “that one of the main objectives of establishing the National Bank is to provide about 19 types of loans and advances to employees and citizens. These services cover the areas of real estate, automobiles, agricultural projects, industry and microcredit. The amount and type of loans are determined by the financial capacity of the bank”.

So,, tell me where is all this money for the loans going to come from? Yes, they must have some liquidity to open the bank, but what about ongoing? What I believe is going to happen is that much of this stashed, hoarded money will be retrieved and more specifically placed into accounts in this new National Bank. Money from the Project to Delete the Zeros and is going to be used and isolated into this specific bank for a reason. Why do this?

The reason specifically to do this is to keep the money safe and ensure it is used appropriately used for loan products and not stolen and marginalized (like going to Iran or otherwise stolen). Another question I must ask is why open yet another bank when we know they already have many banks they could have used? Oh… but can they really trust all these other banks? The new Banking Reform Law is also in the process of consolidating and eliminating banks. Take a look at the recent article titled “DEPUTY GOVERNOR OF THE CENTRAL BANK: FIVE BANKS MAY EXIT THE MARKET SOON.” But this is just five banks for now there are many more to follow, I can assure you. So, the reason for the new National Bank is absolutely to isolate all this incoming money as this bank consolidation process will continue for the rest of the year and maybe into 2026 even. So, the CBI does not want to get this liquidity mixed into a bank that is ultimately going to exit the market soon anyhow. Get it? Does this make sense to you?

Deputy Governor of the Central Bank of Iraq, Ammar Al-Aithawi, said in a press interview that: “Five private banks will exit the Iraqi banking sector in the coming period, due to their failure to adhere to the standards of the comprehensive review of the sector’s strategy.”

We must keep asking why, why, why are they doing what they are doing. How do the articles all piece together to give us the BIG picture of what is going on. Let’s continue with our analysis.

😊Now let’s connect more pieces. Take a look at this other recent article titled “HAWRAMI: THE DELAY IN AUGUST SALARIES IS DUE TO A LACK OF LIQUIDITY IN BAGHDAD, AND THE PROBLEM WILL BE RESOLVED SOON.” Okay, before I even go any further are the bells begining to ring within you head yet? Can you see what is going on with liquidity?

So, I ask where is all this liquidity going to come from? They tell us “the Kurdistan Regional Government (KRG) spokesperson Peshwa Hawrami said on Wednesday that the delay in sending August salaries to Kurdistan Region employees by the federal government in Baghdad is due to the lack of financial liquidity at the federal Ministry of Finance. He stressed that the problem is not difficult and will be resolved soon.” What did they say – “will be resolved soon”? Sounds very critical to me. How will this issue of lack of liquidity be resolved soon? Could it be the retrieval of the stashed and hoarded notes from the removing of the Zeros effort? Now let’s connect this also with the article about the new National Bank opening up before the end of the year. Are you connecting the pieces yet? WOW! WOW! WOW!

So, again I have to ask you as a reader of this analysis- What do you think is happening? Are they going to move ahead this time with removing the zeros or not?

I rest me case………

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 brighter 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

“Your Government Is About To Be Gutted To The Size it Should Have Been All Along”

You can start watching the video at the 14:07 mark. From Oct 11th.  

This prophecy should inform us all that the work of Doge and the continued work to downsize the Federal government is also within God’s plan to clean up the national debt and run the government more efficiently. It is also to expose and deal with all the corruption in Washington, DC. Everyone should be onboard with this effort including all Republicans and Democrats.  Can you see something wrong with this? However, the Democrat party will see it as all wrong as they relied way too long on handouts to gain votes and stay in power. It is too bad they took it to extremes when they allowed all these illegal immigrants into the county and to follow these globalist plans. Enough is enough and now it is time to turn back the pendulum, and we all know when it swings, it swings wide.

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SILVER VAULTS RUN DRY AS SHORTAGE TRIGGERS PANIC. Physical silver not available to meet demand.

Okay so why is there a shortage of silver all of a sudden? There is a shortage because many investors who invested in silver only on paper are now wanting the actual physical silver. The procedure of buying without taking possession has kept silver relatively lower over many decades than what it should be. Silver should be at about 1/3 the spot of GOLD. Gold just hit $4,000 an ounce and technically silver should follow at about $1,000 – 1,300 an ounce.

Just this week silver finally broke over $50 an ounce and so what did our prophets tell us would happen next. They said a sudden rise in silver would happen. Will it? It’s happening now. Now investors are demanding their silver and there is not enough to meet the demand. Yes, it’s kind of like a panic for silver.  

Folks, this is not just precious metal dealers trying to sell you silver or gold. Listen carefully. What’s coming next? I am trying to help everyone that there is money to be made on other than currencies, such as in the dinar that we all sucked up in the past.  

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

SOME PEOPLE JUST DON’T BELONG IN CONGRESS

This is what happens when you use a position of trust and honor to play an activist role. I have never seen anything so disrespectful in the house chambers before by any one individual. She is fighting for Palestine and her Muslim district who immigrated from Palestine. This is how she gains votes and stays in her position. It is the new game many of these newer democrats want to play. Just pay attention to “the squad”. Obviously, she is showing off for the cameras. Dumb people who don’t know any better buy into this crap. Oh…. so how many democrats have we watched being thrown out of hearings or public meetings? They are scared that they are next to go. No worries though, your just the small fry, the Grand Jury is in the process of going after the big fish first.

GRAND JURY INDICTS FORMER NATIONAL SECURITY ADVISOR JOHN BOLTON

Who’s next?

SUPREME COURT DROPS NIGHTMARE NEWS FOR DEMOCRATS

JUST BECAUSE THE SYMBOL OF YOUR POLITICAL PARTY IS A “jackass” DOES NOT MEAN YOU HAVE TO BE ONE.

Hee-Haw!

LETITA JAMES: Yes, “NO ONE IS ABOVE THE LAW”.

Now its time to live up to her own convictions. Yes, this time she is the hunted as “no one is above the law”, right? Only this time it’s not “fake charges”.

Why is Tish being indicted for her property on Peroni Ave, Virginia? Is there more to come? There are two other properties.  All three of Tish’s properties have mortgage fraud over the last 42 years. It’s time to look closely at the other two properties. There will more than likely be more indictments coming for her. This is not a one time “mistake” or “oops” but a pattern over many years of intentional defrauding the mortgage companies and the banks.  

We must keep in mind that this situation of Letita James is not about vengeance as it is more about justice. Just because it may appear that it is vengeance and in a way it is rightful vengeance, it does not mean we dismiss it. In her own words “no one is above the law”. Now the shoe is on the other foot.

If we have been following the biblical and prophetic side in the book of Samuel of what is happening to clean up our government, we can clearly see that Donald Trump had been picked by God to be his King David. Letita James is just one of many who were bent on stopping God’s work in the United States through Donald Trump. Whether you are a democrat or a republican the corruption is still very real and destroying our nation. I have to ask why the democrat party refuses to come onboard and help the republicans clean it up. Do they have something to hide?

God said through His prophets, that He hears our cries and He will bring justice to those that practice deceiving us.

LETITA JAMES: SHE’LL LOOK GOOD IN ORANGE.

This is necessary or the corruption will continue and even get worst.

LESSONS LEARNED? No, I guess not for democrats. This episode with Letitia James should be a reminder to all of us just how corrupt and dirty these people really are who get into govt offices and elected positions. But more importantly my question is this – How did Letitia James get away with this for so long? Why has no one researched her background before?

Is anyone vetting these candidates before they even run for office?

I know I have said this before but is this part of the problem too. Are we too relaxed in even choosing who will run and concentrate too much on the voting process when we have the opportunity to kick them out even before they get into office.

But there is more. And so who shares the same values? The corrupt seem to hang together. They support each other instead of learning from the mistakes of others. To tell you the truth I can’t figure out how people can be so dumb when it comes to politics. Do you really think sticking with losers is going to help your career?

COULD MEAN ‘DECADES IN PRISON’ – LETITIA JAMES PLEADS AFTER DOJ DISCOVERY

You made your bed, Letitia and now you have to lay in it! No you are not the victim, no this is not a racist thing. Good try…  Can you believe people can actually be so stupid and conned into this? So, so sorry the election did not turn out like all you liberals wanted it to. Remember she ran on a platform to get Donald Trump and now she claims its “selective prosecution” that didn’t work and now it’s racism. Really?

Can I say “what goes around comes around” is the law of Karma?

ZOHRAN MAMDANI: WHAT’S HIS END GAME FOR NYC?

PAM BONDI STUNS DEMOCRATS

Pam Bondi STUNS Democrats with an unexpected move on Capitol Hill, turning their own arguments against them in a fiery hearing. Meanwhile, Stephen Miller dismantles CNN’s narrative in a viral interview that leaves the network scrambling.

HILLARY CLINTON’S BENGHAZI COVER-UP COMING TO FORFRONT AGAIN

Yes, Connecticut Senator Richard Blumenthal and Barrack Obama are also part of this cover-up. Blumenthal, the same guy who was governor of Connecticut for a short time and used the position to get his senate seat. Nearly a third of all emails on Hillary’s private server came from Blumenthal not about “family matters” as she claimed. He was also on the Clinton Foundation payroll for nearly $10,000 per month while pursuing his own interest in the middle east. Is this even legal? The French president too is implicated here in a shady arms deal with Libya and dark money that went to influence the French politics in president Nicolas Sarkoz’s presidential campaign. Blumenthal and Clinton were right in the middle of it. Of Course they had to use a private server. This was all illegal and corrupt.

Of course, Sarkoz was convicted and sat in jail already for years because of it. But two of the other perpetrators still walk the streets. Talk about Russian collusion? We have French collusion right under our noses. For a change, let’s talk real collusion not made-up stuff.    

Can you also see now how the Clintons used their foundation money outside of the real “legal” intend of the foundation and that also is a crime.

Can you see now why they wanted the Comey FBI coverup of the laptop? They all protect each other.

Senator Blumenthal also lied about his military service. This guy is bad and I mean really bad! Please listen to the video and you will find out why the Clinton scandals will implicate many others along with her along the way. This is why they tried to wash the “lap top” scandal under the rug. But they are not going to succeed.

Anyhow, let’s concentrate too on what happened in Benghazi that day and why the lies had to be told about it to cover it up. But who will pay the price for this corruption? Will anyone actually be indicted for these crimes?

LETITIA JAMES PATH TO PRISON

Federal defense attorney Ronald Chapman unpacks the explosive grand jury investigation into James, including mortgage fraud allegations, civil rights violations, and DOJ subpoenas that could carry decades in prison time.

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.

REMOVING ZEROS: 170 TONS OF GOLD AND ONE DECISION ON THE TABLE… WILL THE IRAQI DINAR SURVIVE EROSION?

Amid the complexities of the financial landscape and increasing pressures on the money supply, the Central Bank of Iraq is opening the door to one of the most sensitive decisions in its modern monetary history: the project to remove zeros from the local currency. This step coincides with the bank’s announcement that it will increase its gold reserves from 90 tons to 170 tons, representing approximately 20% of its total assets and placing Iraq fourth in the Arab world and twenty-ninth globally in terms of gold reserves.

Meanwhile, Deputy Governor of the Central Bank, Ammar Khalaf, confirmed that there is no intention to float the Iraqi dinar exchange rate in order to preserve the stability of the financial market and the national economy. He noted that “there is an intention to remove zeros from the currency to alleviate the burden resulting from the accumulation of banknotes within the financial sector.” He explained that the goal of the measure is to reduce transportation and storage costs and improve the efficiency of cash circulation.

However, this step, which appears to be technical and reformist on the surface, has raised a wave of questions about its actual effectiveness, and whether it represents a radical solution to the monetary policy crises, or whether it is merely a cosmetic measure to relieve pressure without addressing the core structural imbalances in the Iraqi economy.

According to estimates by international monetary institutions, Iraq is currently experiencing moderate inflation of around 2.5%, a relatively stable environment compared to previous years. However, the money supply (M0) reached historic levels at the end of 2023, making cash transactions a logistical burden for banks and institutions.

Comparative studies indicate that deleting zeros is a technical accounting step that does not change purchasing power, but rather simplifies calculations and reduces errors in financial systems. However, the success of this step depends on its integration with comprehensive economic reform, rather than a measure isolated from the overall financial reality.

Economic expert Ahmed Al-Tamimi told Baghdad Today that “the project to remove zeros from the Iraqi currency represents an important reform step that will facilitate monetary transactions and reduce administrative and logistical burdens on the country’s financial and banking system, provided it is implemented within a well-thought-out, comprehensive plan that takes into account economic and market stability.”

Al-Tamimi adds, “The accumulation of banknotes resulting from the current bulk of paper money is a significant burden on the financial sector, requiring additional costs in transportation, storage, and management, in addition to making daily transactions difficult for citizens and institutions.”

According to comparative economic approaches, countries such as Turkey in 2005 and Ghana in 2007 saw relative success in removing zeros after long periods of stability and strict financial discipline. The move helped reduce the costs of cash transactions and boost confidence in the currency. However, failed experiments, such as those in Zimbabwe and Venezuela, have shown that removing zeros without institutional reform opens the door to renewed inflation and undermines public confidence in the national currency.

Al-Tamimi continues, “Removing zeros will not change the purchasing power of the dinar per se, but it will contribute to simplifying the accounting and financial system and reducing significant numerical discrepancies in financial statements, making money management more efficient and easier to use within government institutions and the private banking sector.”

He points out that the success of the experiment depends on “a stable economic environment, effective control of inflation rates, and close cooperation between the Central Bank and the Ministry of Finance to ensure a smooth transition without market disruptions or a loss of confidence in the national currency.”

According to accurate economic readings, Iraq today stands at a crossroads between comprehensive monetary reform and a symbolic measure with limited impact. Removing zeros may be technically beneficial, but it becomes dangerous if perceived as an attempt to conceal structural crises under an administrative guise. Analysts warn that poor timing or poor communication with public opinion could lead to pricing confusion and possibly “silent inflationary cycles” exploited by some commercial parties.

Al-Tamimi concluded his statement by saying, “The primary objective of this step is to enhance confidence in the Iraqi dinar, facilitate financial transactions, and reduce the burdens resulting from the accumulation of paper currency. It is also a structural reform in monetary policy that should be included within a comprehensive economic reform program that serves the stability of the dinar and enhances its efficiency in domestic and international transactions.”

Modern economic analyses confirm that strengthening the gold reserve provides the central bank with moral cover for any future monetary reform. However, it does not replace financial control, strict oversight of public spending, and rebuilding trust between monetary policy and the economic community.

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HAWRAMI: THE DELAY IN AUGUST SALARIES IS DUE TO A LACK OF LIQUIDITY IN BAGHDAD, AND THE PROBLEM WILL BE RESOLVED SOON.

 Kurdistan Regional Government (KRG) spokesperson Peshwa Hawrami said on Wednesday that the delay in sending August salaries to Kurdistan Region employees by the federal government in Baghdad is due to the lack of financial liquidity at the federal Ministry of Finance. He stressed that the problem is not difficult and will be resolved soon.

In a statement to Kurdistan 24, Hawrami said that today’s Kurdistan Regional Government (KRG) Council of Ministers meeting was devoted to discussing internal revenues, particularly after a special delegation from the federal Ministry of Finance, tasked with non-oil revenues, visited the relevant ministries in the Kurdistan Region.

Hawrami emphasized that securing employee salaries is a core function of the government, noting that the Kurdistan Regional Government is making strenuous efforts to secure 120 billion dinars in non-oil revenues and send them to Baghdad to ensure that no local obstacles hinder the disbursement of salaries and safeguard employee rights.

He pointed out that the Kurdistan Regional Government is working quickly on the payroll issue, saying, “We are very quick to prepare lists, respond to requests, and organize oil and non-oil revenues so that there are no problems or disputes with the federal government, and the salaries of Kurdistan Regional Government employees are not lost.”

Regarding the fate of salaries for the coming months, Hawramani explained that the federal government had requested additional time to secure liquidity, stressing, “We have been told to give them some time. The problem is not difficult and will be resolved soon.”

He added, “The October payrolls are ready, and as soon as August salaries arrive, we will immediately begin preparing 120 billion dinars from internal revenues for next month’s salaries.”

After extensive discussions, the Council of Ministers approved a package of recommendations and proposals aimed at ensuring the security of salaries and financial benefits for Kurdistan Region employees and the continuity of providing essential services to citizens. The Council directed the Ministry of Finance to issue the necessary instructions to facilitate their implementation. These instructions include emphasizing the Kurdistan Region’s commitment to transferring the federal treasury’s share of non-oil revenues, and giving this issue top priority over all other expenditures. This aims to eliminate any excuses preventing the payment of salaries for August, September, and subsequent months, especially since the salaries for the aforementioned months have not yet been disbursed, despite us having reached the middle of October.

The Council of Ministers renewed its call for the federal government to instruct the federal Ministry of Finance to disburse the region’s dues, especially in light of what the acting Minister of Natural Resources explained, that the tripartite agreement to export the region’s oil is being fully implemented, as SOMO has marketed more than three million barrels of the region’s oil on global markets, and its revenues have been deposited with the federal Ministry of Finance.

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THE US PRESIDENT AFFIRMS HIS COMMITMENT TO THE STRATEGIC PARTNERSHIP WITH IRAQ.

President Abdul Latif Jamal Rashid received a congratulatory message from US President Donald Trump on the occasion of the 93rd anniversary of Iraq’s National Day.

In his message, President Trump affirmed the United States’ unwavering commitment to the strategic partnership with Iraq and joint cooperation in all fields, enhancing regional stability.

The following is the text of the message:
“Greetings, Your Excellency the President.
We and the people of the United States of America are pleased to extend our sincere congratulations and blessings to you, the government and people, on the occasion of the (93)th Iraqi National Day.

This year has been marked by remarkable achievements that highlight Iraq’s resilience and growing leadership in the region. The successful hosting of the Arab League Summit in Baghdad highlighted Iraq’s ability to enhance dialogue and cooperation among neighboring countries, and the visit of the US-Iraq Business Council in April confirmed the strength of our shared
economic partnership.

The United States demonstrates its steadfast commitment to the strategic partnership with Iraq. Together, we have worked to promote regional stability, enhance energy security, and maintain pressure to prevent the return of ISIS. We look forward to continuing our cooperation on shared priorities and building on the momentum of our economic successes.

We wish you and all Iraqis a happy holiday and a year full of peace, progress, and prosperity.

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PRESIDENCY OF THE REPUBLIC: IRAQIS HAVE NO CHOICE BUT THE CONSTITUTIONAL OPTION.

The Presidency of the Republic stated on Wednesday that Iraqis have no choice but to adopt the constitutional approach to resolving disputes and problems.
A statement by the Presidency of the Republic received by ( IQ ) stated: “On October 15, 2005, our people had their free say in a historic popular referendum through which the Constitution of the Republic of Iraq was approved. This day was a national turning point in the process of building the contemporary Iraqi state and its transition from a centralized totalitarian system to a democratic federal parliamentary system that embodies the will of the people and the principle of their sovereignty over their land and homeland.”
 He continued: “The constitution is the fruit of a free and responsible national choice, and the result of a comprehensive societal and political consensus that brought together all components of the Iraqi people, including Arabs, Kurds, Turkmen, Christians, and other groups. It constitutes the social and political contract that regulates public life, guarantees rights and duties, and establishes the principle of partnership in governing the state and protecting its unity.”

The Presidency of the Republic affirmed that “Iraqis have no choice but to adopt the constitutional approach to resolving disputes and problems, as adhering to the constitution and implementing its provisions, both in letter and spirit, is the only way to protect the democratic system and safeguard the country’s unity.”

She added, “The constitutional transformation that Iraq witnessed twenty years ago represented a fundamental turning point from a centralized, totalitarian system that monopolized state decisions to a democratic federal system based on the distribution of powers, ensuring participation, and respecting diversity and pluralism within the framework of national unity.”
The statement continued: “On the twentieth anniversary of the adoption of the Constitution of the Republic of Iraq, the Presidency of the Republic calls on the Council of Representatives to approve the draft laws it submitted to the esteemed Council, such as the Federal Court Law, the Law of the Higher Commission for the Empowerment of Women, the Law of the Supreme Water Council, the Law of Amending the First Amendment to the Narcotics and Psychotropic Substances Law, the Law of the Iraq Creativity Award, the Law of the Division of Residential Lands, the Law of the Federal Council, and the Law of Recovering the Proceeds of Corruption, in addition to several draft laws to annul the decisions of the dissolved Revolutionary Command Council. It also calls on the political forces and the legislative and executive authorities to work to expedite the completion of the legislation stipulated in the Constitution, implement Article 140 of the Constitution, and approve the Oil and Gas Law to ensure the achievement of constitutional justice and national stability.”
He continued, “Our choice to build a democratic constitutional system was not easy after decades of totalitarian rule, but the will of the Iraqi people was stronger than the challenges, and it continues to steadily advance toward consolidating a state of institutions and law.”

He pointed out that “the Constitution of the Republic of Iraq is one of the most advanced constitutions, consistent with the principles of human rights and democracy, and represents a pioneering experience in the region.” He called for unity and solidarity among our people, from southern Iraq to the Kurdistan Region, and from east to west, so that Iraq remains a free and unified homeland for all its people.

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DEPUTY GOVERNOR OF THE CENTRAL BANK: FIVE BANKS MAY EXIT THE MARKET SOON.

The Central Bank of Iraq announced that five banks may soon exit the market for failing to comply with banking reform standards.

Deputy Governor of the Central Bank of Iraq, Ammar Al-Aithawi, said in a press interview that: “Five private banks will exit the Iraqi banking sector in the coming period, due to their failure to adhere to the standards of the comprehensive review of the sector’s strategy.”

Al-Aithawi explained that the restructuring process for private banks in Iraq included three paths: remaining in the market by adhering to the standards, merging, or exiting the market.
He added, “Most private banks in Iraq have committed to the first and second paths, whether continuing alone while adhering to these standards, or merging… However, a small number of them chose to leave voluntarily, and they are a small minority, not exceeding five banks.”

Banks eligible to remain within the Iraqi banking sector
The Deputy Governor of the Central Bank of Iraq described the standards that banks operating in Iraq must meet as “strict and clear,” adding that banks that are unable to adhere to them “will be ineligible to be part of the Iraqi banking sector.”
He explained that the plan includes interim evaluations every six months to a year, throughout the three-year plan, noting that any improvement in bank performance will require a period of time.

In April 2025, the Central Bank of Iraq launched a private banking reform plan in collaboration with the American firm Oliver Wyman. The plan focuses on enhancing and deepening financial inclusion, raising the efficiency and productivity of the private banking sector, and creating a fair and healthy competitive environment in the market, while enhancing the sector’s resilience and ability to withstand risks.

Iraq begins banking sector reform, and these are the details of the plan.
Al-Ithawi reviewed the most important standards that banks must adhere to, saying, “We are focusing strongly on governance, business models, and compliance. There are five main axes, including 25 standards that banks must all adhere to.” He added, “We seek to build strong and sound financial institutions that serve as an engine of economic growth and prosperity.”
The plan includes several pillars for reforming banking standards, such as setting a ceiling on ownership to prevent excessive control, conducting intensive due diligence on all major shareholders, requiring banks to adopt sustainable business models, maintain capital adequacy and liquidity ratios, enhance transparency in reporting, and align with global compliance practices, including comprehensive measures to combat money laundering and terrorist financing, ensuring the sector’s protection from financial crimes.

10 Licenses to Establish Digital Banks
Regarding digital banks, Al-Ithawi expects the Central Bank to grant up to 10 licenses to establish digital banks in Iraq, having recently received more than 80 applications.
Al-Ithawi explained that the Central Bank of Iraq will focus in the first phase on “selecting a very small number of applications to test their effectiveness, and we may expand in the future,” noting that the Central Bank “is seeking to select the best of these applications, as the vetting process is still ongoing. We are selecting banks based on their business models, their expertise, and the partnerships they have established in this field.”
Al-Aithawi also noted that the Central Bank of Iraq has allowed existing banks in the market to apply to open a digital path for them.

The Deputy Governor of the Central Bank of Iraq indicated that banks with foreign partnerships may have a good competitive position, saying, “It is preferable for the bank to have sufficient expertise to transfer this experience to Iraq.”

Financial Inclusion in Iraq
The Deputy Governor of the Central Bank said that although financial inclusion is relatively low in Iraq compared to neighboring countries, and the use of cash is still high, “we have been able to achieve accomplishments and enhance electronic payment tools, with significant government support. There are encouraging figures, as we have achieved a more than 20% increase in the use of electronic payment tools over the past two years compared to the previous years.”
Al-Aithawi pointed out that government decisions helped achieve this percentage, especially in light of government institutions receiving fees electronically, “which contributed to encouraging individuals to acquire electronic cards and financial wallets.”

Iraq seeks to enhance international confidence in the banking sector, especially after the United States blacklisted 14 Iraqi banks, preventing them from conducting dollar transactions on suspicion of their use for money laundering and transferring funds to Iran and Syria. There are 83 banks operating in Iraq, including eight government banks, 24 commercial banks, and 31 Islamic banks, in addition to 17 branches of foreign commercial and Islamic banks operating, and three representative offices of foreign banks.

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BANK OF THE NATION; THE BANK, WHICH PROVIDES 19 LOANS AND ADVANCES, WILL OPEN SOON

 
The Kurdistan Regional Government (KRG) is in the final stages of establishing the National Bank, a strategic project to renew and reorganize the banking sector in the Kurdistan Region; The bank is expected to be operational before the end of this year.

What you need to know; The capital of the National Bank is 250 billion Iraqi dinars. Of this amount, Dh25 billion will be deposited as cash in a special account, and another Dh225 billion will be provided by private commercial banks. The bank will be directly affiliated with the Central Bank of Iraq and will operate with an advanced electronic system.

the positive points; One of the main objectives of establishing the National Bank is to provide about 19 types of loans and advances to employees and citizens. These services cover the areas of real estate, automobiles, agricultural projects, industry and microcredit. The amount and type of loans are determined by the financial capacity of the bank.

Official Statement: Mawlood Sabir, Director General of Commercial Banks told Ava that with the establishment of this bank, the citizens of the Kurdistan Region can benefit from all the loans offered by the Central Bank of Iraq.

The next step; To run the bank, nine people have been elected as the board of directors and are currently undergoing a three-day training course. Jamil Abubakr, Director General of the Specialized Banks of the Kurdistan Region and one of the members of the board, said that after the course, they will hold interviews in Baghdad and is expected to officially start working before the end of this year.

At the same time; With the establishment of the National Bank, the KRG has a plan to reduce the number of banks. A committee has been formed to reduce the number of specialized banks, which currently number by early 2026, their numbers are set to be significantly reduced to just one specialist bank in each province. For example, agricultural, commercial and industrial banks will be consolidated into one bank.

The number of commercial banks, 96, will also be reduced, although the final number has not yet been determined. These steps are part of the banking sector reform process to strengthen and make the financial system in the Kurdistan Region more efficient.

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DEPUTY GOVERNOR OF THE CENTRAL BANK: FIVE BANKS MAY EXIT THE MARKET SOON.

The Central Bank of Iraq announced that five banks may soon exit the market for failing to comply with banking reform standards.

Deputy Governor of the Central Bank of Iraq, Ammar Al-Aithawi, said in a press interview that: “Five private banks will exit the Iraqi banking sector in the coming period, due to their failure to adhere to the standards of the comprehensive review of the sector’s strategy.”

Al-Aithawi explained that the restructuring process for private banks in Iraq included three paths: remaining in the market by adhering to the standards, merging, or exiting the market.
He added, “Most private banks in Iraq have committed to the first and second paths, whether continuing alone while adhering to these standards, or merging… However, a small number of them chose to leave voluntarily, and they are a small minority, not exceeding five banks.”

Banks eligible to remain within the Iraqi banking sector
The Deputy Governor of the Central Bank of Iraq described the standards that banks operating in Iraq must meet as “strict and clear,” adding that banks that are unable to adhere to them “will be ineligible to be part of the Iraqi banking sector.”
He explained that the plan includes interim evaluations every six months to a year, throughout the three-year plan, noting that any improvement in bank performance will require a period of time.

In April 2025, the Central Bank of Iraq launched a private banking reform plan in collaboration with the American firm Oliver Wyman. The plan focuses on enhancing and deepening financial inclusion, raising the efficiency and productivity of the private banking sector, and creating a fair and healthy competitive environment in the market, while enhancing the sector’s resilience and ability to withstand risks.

Iraq begins banking sector reform, and these are the details of the plan.
Al-Ithawi reviewed the most important standards that banks must adhere to, saying, “We are focusing strongly on governance, business models, and compliance. There are five main axes, including 25 standards that banks must all adhere to.” He added, “We seek to build strong and sound financial institutions that serve as an engine of economic growth and prosperity.”
The plan includes several pillars for reforming banking standards, such as setting a ceiling on ownership to prevent excessive control, conducting intensive due diligence on all major shareholders, requiring banks to adopt sustainable business models, maintain capital adequacy and liquidity ratios, enhance transparency in reporting, and align with global compliance practices, including comprehensive measures to combat money laundering and terrorist financing, ensuring the sector’s protection from financial crimes.

10 Licenses to Establish Digital Banks
Regarding digital banks, Al-Ithawi expects the Central Bank to grant up to 10 licenses to establish digital banks in Iraq, having recently received more than 80 applications.
Al-Ithawi explained that the Central Bank of Iraq will focus in the first phase on “selecting a very small number of applications to test their effectiveness, and we may expand in the future,” noting that the Central Bank “is seeking to select the best of these applications, as the vetting process is still ongoing. We are selecting banks based on their business models, their expertise, and the partnerships they have established in this field.”
Al-Aithawi also noted that the Central Bank of Iraq has allowed existing banks in the market to apply to open a digital path for them.

The Deputy Governor of the Central Bank of Iraq indicated that banks with foreign partnerships may have a good competitive position, saying, “It is preferable for the bank to have sufficient expertise to transfer this experience to Iraq.”

Financial Inclusion in Iraq
The Deputy Governor of the Central Bank said that although financial inclusion is relatively low in Iraq compared to neighboring countries, and the use of cash is still high, “we have been able to achieve accomplishments and enhance electronic payment tools, with significant government support. There are encouraging figures, as we have achieved a more than 20% increase in the use of electronic payment tools over the past two years compared to the previous years.”
Al-Aithawi pointed out that government decisions helped achieve this percentage, especially in light of government institutions receiving fees electronically, “which contributed to encouraging individuals to acquire electronic cards and financial wallets.”

Iraq seeks to enhance international confidence in the banking sector, especially after the United States blacklisted 14 Iraqi banks, preventing them from conducting dollar transactions on suspicion of their use for money laundering and transferring funds to Iran and Syria. There are 83 banks operating in Iraq, including eight government banks, 24 commercial banks, and 31 Islamic banks, in addition to 17 branches of foreign commercial and Islamic banks operating, and three representative offices of foreign banks.

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

                                             Just the FACTS!

Disclaimer: All information in this newsletter is not intended for investment decisions / purposes. Mnt Goat is not a financial analyst, planner, banker, attorney or associated in any role with giving out professional investment advice.

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Mnt Goat