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:
November 4, 2025 Mnt Goat News Brief
Guten Tag everyone:
Bringing you more good news.
GIVE A GIFT TO MNT GOAT
I decided to allow everyone to give a Free-will GIFT to Mnt Goat on PayPal if you so desire. Here is the link below. 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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2 Corinthians 9:11
“You will be enriched in every way so that you can be generous on every occasion, and through us your generosity will result in thanksgiving to God.”
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.
We all should now be VERY familiar with the five (5) main issues that the U.S. has stated must be completed prior to any reinstatement. In case you forgot you can go to my Archives and find the September 16th Newsletter and review. We know the removing of zeros is to be closely followed by the reinstatement, and so once it has started there is almost no turning back. So, go figure why they have not yet been given the green light.
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Well…. I have to add that we should see some movement on the project to remove the zeros this month. Will Iraq begin the swap out of the three zero notes for the lower denominations soon? We read again in the news of the lack of liquidity in the banks as they tell us gain that nearly 90% of issued dinars are outside the banking system…still. Just so you know, I was told by my CBI contact that by removing the zeros should bring most of this currency into the banks. I was also told there will be an incentive to do so. We were told in the news from the CBI in connection with the article about removing the zeros, that this issue of lack of liquidity “would be resolved soon”. Really? Folks, this was their words not mine. Why make this statement in an article about removing the zeros if these two events weren’t connected? I don’t know you tell me. One must lead to the other.
So, today’s news brings us yet another article on this subject of lack of liquidity. See article titled “FINANCIAL EXPERT: PEOPLE DO NOT TRUST BANKS AND ARE STORING THEIR MONEY AT HOME.” “Financial expert Mahmoud Daghir revealed on Sunday that the amount of cash held by the public is estimated at around 90 trillion dinars, out of a total money supply of 98 trillion dinars in Iraq”. Folks, I believe they do not want to talk much about the dinar we have outside of Iraq. It could very well amount to very close to a trillion dinars alone. How are they going to retrieve our dinars? This of course is a rhetorical question, as we all know the answer.
😊 I want to spend some time today concentrating on one article in particular. It is titled “A NEW WEALTH TO RIVAL OIL: BILLIONS OF DOLLARS BENEATH THE SANDS OF IRAQ”. Let’s break down this news and look at the impact on Iraq.
- First, we know that Iraq has to diversify and get off the sole source of oil revenues. They call this the “rentier economy”. Diversification helps create a stable economy thus STABILITY. Certainly this newly found Silica will help them in the way. But it does no good unless they can sell it and bring it to market. This takes money.
- Next, we have learned over many years other sources of revenues too such as Customs and Tariffs and how it could rival the oil revenues but only if it could be controlled and the revenues forwarded to the federal government coffers. Kurdistan just agreed to assist in this effort as part of recent the “tripartite” agreement.
- Next, we were told about the massive revenues from the tourist industry such as Holy Sites, restaurants and hotels. This too they told us can almost rival the oil revenues.
- Oh… next did I mention the Development Road Project and it’s potential, but this will take more time to develop. Just today however they announced a massive billions of investment money in this project, so it is going to move along quickly now. 😊
- Then under the tripartite agreement with Kurdistan, GOI and the oil companies, we learned the Cryan pipeline is also pumping oil again for export and we were told this oil revenue could also double the existing oil revenues. 😊
- Then, just in today’s news we learn about the silica find. Global consumption of silica sand reached approximately 479 million tons during 2024, with a value ranging between approximately $14 billion and $72 billion depending on the quality of the sand and the market price. Here the catch with this Silica. Iraq will need a developed country to step in and extract it and bring it to market. Oh… is this also something the US can do? With the Development Road Project, they will also have the means to deliver it. Oh boy, oh boy! Take a peek at the recent news in article titled “IRAQ SIGNS CONTRACTS WITH INTERNATIONAL COMPANIES REGARDING THE DEVELOPMENT ROAD”. 😊
- Take a peek at the recent article titled “TÜRKIYE EXPECTS TRADE WITH IRAQ TO RISE TO $30 BILLION”. Turkish Trade Minister Omar Polat revealed on Friday that trade with Iraq will rise to $30 billion in the medium term, against the backdrop of the “rapid expansion” of economic relations between the two countries. This amount could easily double in the coming years.😊
- The connection with the World Trade Organization (WTO) and what this too will bring to Iraq for favored trading partners. Again, oh boy, oh boy! 😊
- The Central Bank of Iraq identified several key points for the banking reform plan agreed upon with the global company “Oliver Wyman” Take a peek at the recent article titled “CENTRAL BANK: DEVELOPING A “GLOBAL” PLAN TO REFORM IRAQI BANKS IN AGREEMENT WITH OLIVER WYMAN” “Oliver Wyman”, noting that a turning point had been reached with the opening of a branch of the “Arab Bank” in Baghdad, so that banks in Iraq would be no less than the banks of the Emirates and Saudi Arabia. “so that local banks will be at a level comparable to global and regional banks.” 😊
Iraq is filthy rich but remember they suffered from many years of corruption and the lack of desire from the western powers to help them. The good news is they now have leadership from both ends of the spectrum willing to work together, the GOI, the CBI and the western power of the U.S. and even China for that matter. But what about us, yes we are long-term investors in the dinar? Yes, we helped Iraq through difficult times and so when do we get our reward?
The Government of Iraq (GOI) is faced with challenges too. The foremost challenge is the current elections on November 11th. Who will lead Iraq in these efforts. Will they switch to a bozo prime ministers again, like Nori al Maliki or Mustafa Al-Kadhim. I look at these prime ministers as “place holders” doing very little to progress Iraq while the sanctions remained in place and Iraq has to repay billions to Kuwait. Now these sanctions are over, and it is time for Iraq to blossom and it is blossoming.
We know the U.S. wants a part of this Iraqi wealth and Iraq will need a strong partner to help.
One has to wonder where the U.S. was years ago. Why didn’t they get involved sooner? If you recall I talked many times about the lack of US involvement in the Iraqi economy and asked this critical question many times. I also added back then that when the U.S. finally steps up, we will see what we have been waiting for. Now is the time. As evident from the news from Iraq and the U.S. they are now stepping up.
This is easy to understand why Iraq has not moved ahead until now, as there were incompetent U.S. presidents during these early earlier years following the 2003 independence of Iraq. They were not concerned about Iraqi progress but more concerned about filling their own pockets and the pockets of their constituents. This is how these corrupt politicians in the US work. These presidents were also Iranian sympathizers and many even believe that President Obama is a Muslim himself. So go figure why he favored passivity versus actual action in his foreign policy in the middle east, especially with Iranian issues of terrorism. If you want to keep asking what is the holdup of the RV, then go ask these former presidents. They are to blame.
President Trump’s New Foreign Policy For Iraq:
😊 So, today we now have a really good idea what the Trump administration foreign policy is towards Iraq and the middle east in general. For Iraq we can take a look at the many articles we experienced over the last 6 months alone and piece it all together. Take a look at the most recent article titled “U.S. ENVOY LINKS IRAQ’S STABILITY TO ENDING IRANIAN INFLUENCE AND CURBING ARMED GROUPS”. All I can add to this article is that it is about time the U.S. got involved in Iraq, as far as investment goes and other important issues. “The appointment of U.S. Envoy Mark Savaya urged Iraq to unite under one government, end armed groups outside state control, resist Iranian interference, and build full sovereignty, stability, and prosperity with U.S. support. This just about sums it all up. This new strategy towards Iraq will work closely with Iraq. The new Trump foreign policy towards Iraq strategically culminates in a familiar and powerful slogan—”MAKE IRAQ GREAT AGAIN” aimed at rebuilding a strong, unified, and prosperous Iraqi state.”
😊 You might also want to refer back to an article from the October 21st Newsletter titled “BETWEEN REFORM AND DICTATE, THE CENTRAL BANK LEADS BANKS TOWARD A FINANCIAL TRANSFORMATION WITH AN AMERICAN CHARACTER.” It is in the Archives. I think that about sums it up too. Not much more to say about it. We move ahead and watch the country grow. Somewhere along the way we go to the bank.
Correction:
When I make a mistake, I admit it and then try to correct it quickly. So, in the October 28th Newsletter I need to fix the calculation as follows. The result is 75 cents not 7 cents. This of course is very good news, but in a preceding above paragraph I did state it correctly in my example using the 25k note. I have already fixed the archived version. Thanks again to one of my faithful followers who caught this.
So, again let’s do the math and see what happens to the “official” rate per dinar under 1320. The rate per dinar is .0007575 under the official CBI rate, then drop three zeros = .0007575 leaving .75 or 76 cents rounded. So, the “purchasing” power did not actually change just the currency faces and images, now lacking the three zeros. However, inadvertently the rate does actually change to 75 cents when we talk per dinar and do the math. Am I missing something? Technically the CBI will not do a “formal” rate change, but we all know there will be a change since these smaller notes have to purchase just as much as the larger ones. This is the key.
Another easy example: The purchasing power of 1000 dinars will buy the same before as after the project that the 1 dinar will buy. Both were worth 75 cents before and after removing the zeros.
1000 dinar becomes 1 dinar, both are 75 cents.
Before removing the zeros: you go out and shop for a pair of shoe laces in Iraq. Today they cost 1000 dinars per pair. That’s actually 75 cents USD. You hand the merchant a 1000 dinar note. Purchase completed. There is no way to make change, coins don’t exist. There are no 25 dinar note either worth 25 cents. This is at the root cause of any inflation they do have since the merchant just marks up the shoe laces to 1000 dinars. Even with it, inflation is very low.
After removing the zeros: you go out and buy the same pair of shoe laces and they will still cost 75 cents. No change in cost (purchasing power). You hand the merchant a 1 dinar note and he gives you a 25 cent fil coin back.
We must remember what I am saying and stop all this intel guru nonsense about a 1:1 in-country. As much as you wish it was true it simply does not make any sense from what the CBI tells us in these recent published articles to educate the citizens. To have a 1: 1 situation the CBI would first have to first RV from the “official rate” and this too they told us is NOT going to happen. Read my lips – NOT GOING TO HAPPEN!
How many times must they tell us what is going to happen before we listen?
It is all there right in front of our noses only most refuse to believe. Besides why do you even care what they do in-country? What you want to see is the nominal rate put back on FOREX when it comes out following the project of removing the zeros. It is the repegging to a new basket and off the sole peg to the US dollar that will allow for a very high rate to be announced on FOREX.
Again, they told us they do not plan to float once they remove the zeros (but will float once on FOREX). The mere fact that they talked about not doing a float in the same articles about removing the zeros told us this FACT. Are you listening? Why would they talk about removing the zeros and then talk about whether to float on FOREX. It is like mixing apples and oranges. Get it? It does not make any sense folks. They are talking in these article all about the removing the zeros ONLY. Again, they will not float while on the sole peg to the US dollar while removing the zeros and they told us this many times. How many more times must you hear it. All you intel gurus reading my blog please stop this nonsense of 1:1. Stop these rumors. What the hell does it really matter to you anyhow?
I want to mention again that they told us there would be no change to the purchasing power when they conduct this effort and there won’t be.
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?
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.
Q & A
Questions: blknite706faf11a6
Various questions concerns as noted in comments…
Answer: Mnt Goat
Guten Tag und ich hoffe, es geht Ihnen gut. I have read through many of your comments in the blog and so I picked out what I thought were concerns or maybe questions dealing with humanitarian projects. Then if I think that the problems between the US and Iran will stop. Then will they revalue the dinar like it did in the last Iraqi war? (I am assuming you are referring to the Kuwaiti war of 1991?) I hope I can clarify these concerns.
So, for the first question/concern. If you are compiling some sort of business plan for humanitarian projects that will be helpful for you, however the banks are not going to give a damn about it. How can they? They are not managing your money. They are there to exchange your currency and maybe get you some financial advice to invest your money wisely. They want your money to stay in their bank. I have talked about these humanitarian projects before and cautioned everyone why these intel gurus are telling you this bullshit. They are selling you classes and advice on how to put together a business plan, then they lie and say this will get you a better rate. Really? All you needed to do is listen to the Bruce idiot conference call and this is exactly what they tell you and Sue wants to sell you her classes. How can this be since these exchangers don’t want you to give away your money but would rather have you invest it in their bank, get it? They will also not have the education nor the time to deal with your so-called humanitarian project plans….. lol.. lol..
You next concern seemed to be with Iran. We will never know the extent to which the US president Trump will allow Iranian influence in Iraq in signing off on the RV. All we can go by is what they have been telling us over these last few months. I have passed this on to everyone in my Newsletters. What do I believe? I think it will come down to come sort of compromise for now, allowing the RV, with promises for the future to get rid of all of them. Let’s see what happens in the 11/11 elections and if they get rid of many of these Iranian politicians. This will be the key. Just yesterday, Al-Sudani expressed a desire to rid Iraq of all the Iranian backed militias by September 2026. He says he needs more time. Did you happen to read that article? I will try to publish it in my Nov 6th Newsletter and talk more about it then. He made this promise if the US will support him in this upcoming election. He needs another 4 years to finish his reform work.
Your next statement about revaluing the Iraqi dinar like they did with the Kuwaiti dinar. So I need to clarify this one more time since everyone is brainwashed on this Kuwaiti dinar and uses it as a justification for a like RV in Iraq. So, I want to emphasize that the IMF under direction from the UN “temporarily” took the KWD Kuwaiti dinar off of FOREX so Saddam could not use it to fund his army against coalition forces to throw him out of Kuwait. When the effort was over, they simply reinstated it. If FACT when they did reinstate the KWD , it was about 30 cents lower than before the takeover of Kuwait by Saddam. This is FACTUAL and so go look it up. Does this sound like an RV for the KWD? The KWD once reinstated was driven by market demands and rose to nearly 9 USD before they took it off the float. Again this was not an RV but short-term speculation. All speculation, get it? Yes, there is a lesson to learn from the Kuwait episode and it’s not to listen to these idiot intel gurus. Do your own research! Please go read or listen to my section called “About the RV”.
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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 ENEMIES ARE PLANNING FOR A DARK WINTER”
You can start watching the video at the 17:34 mark. Third one from Oct 18th.
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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.
It is key to the “RESET”.
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
UNDERSTAND HOW IRAQ’S NEIGHBOR, IRAN, HOW IT BECAME SO DANGEROUS TO THE GLOBAL COMMUNITY
I would recommend anyone who is invested in the Iraqi dinar or Iranian Toman/Rial to watch this video. It can give you an understanding of the relationship between Iraq, Iran and the United States. This might help you understand more the cause of the breakdown of the relationship between the U.S. and Tehran. I think it’s a well-done presentation worth watching to understand why Iran wants a proxy control over Iraq. As long as the current Iranian regime is in power, we will NEVER have peace in the middle east.
‘BIGGEST COVERUP IN AMERICAN PRESIDENTIAL HISTORY’
Findings of oversight committee hearings are out. Forwarded to justice department for further investigation and possible indictments. Many of Biden’s Executive Orders and Pardons might all be voided. Almost every week we hear about another explosive coverup or scandal by this Biden presidency.
MORE INFORMATION: OPERATION “ARCTIC FROSTBITE”
THE JUSTICE DEPT TO TAKE ACTION AFTER BLISTERING AUTOPEN REPORT
BIDEN CONTROVERSY BREAKS SILENCE ON BOMBSHELL AUTOPEN REPORT
Multiple prophets tell us from God that there was an actor(s) in the presidency instead of the real Joe Biden. Joe as died way before the election occurred. The dems has no other plausible candidate for president and continued down the road with a ‘fake’ Biden. As we watch this autopen scandal unfold, I believe it may be the key to unraveling the entire shenanigans about his presidency and how they fooled the American people.
FBI OPERATION ‘ARCTIC FROSTBITE’
What charges were there to justify such actions by Jack Smith. Spying on senators and congressmen at least 430 that we know now and all republicans? Also the way he went after Donald Trump and many of his associates. There needs to be accountability and justice over this abuse of power. Are the republicans strong enough in will to follow through and demand justice? Or are we just going to spend millions again of tax payer money in another investigation and no one is accountable?
A NEW WEALTH TO RIVAL OIL: BILLIONS OF DOLLARS BENEATH THE SANDS OF IRAQ
The Eco Iraq Observatory announced on Saturday the quantities of silica sand discovered in the governorates of Anbar and Najaf, describing it as “white gold”.
The observatory said in a statement that “Iraq’s environment is rich in natural resources that are no less important than oil, most notably silica sands,” indicating that “initial explorations indicate that Anbar province contains about 600 million discovered tons and more than one billion tons of reserves with a purity of up to 98%.”
The observatory added, “In the Najaf Governorate, there are quantities estimated at about 330 million tons of sand suitable for glassmaking, and about 577.5 million tons for colored glassmaking, bringing the total to about 907.5 million tons of silica sand explored with a purity of nearly 95%.” It pointed out that “the price of one ton of silica sand ranges between $100 and $150, which makes investing in these resources capable of supplying the general budget with billions of dollars, in addition to providing more than 10,000 job opportunities in the two governorates.”
The observatory criticized “the weakness of the procedures for investing in these raw materials despite the existence of Iraqi competencies capable of managing them,” stressing “the need to amend the Mineral Investment Law No. 91 of 1988, as amended, in order to provide greater opportunities for discovering and investing in the country’s natural resources.”
He confirmed that “Investing in this sand will provide more than 10,000 job opportunities.”
Silica sand is used in the manufacture of glass, silicone products, and building materials. It is also used in electronic devices, solar cells, and filtration processes. Global consumption of silica sand reached approximately 479 million tons during 2024, with a value ranging between approximately $14 billion and $72 billion depending on the quality of the sand and the market price.
TÜRKIYE EXPECTS TRADE WITH IRAQ TO RISE TO $30 BILLION
Turkish Trade Minister Omar Polat revealed on Friday that trade with Iraq will rise to $30 billion in the medium term, against the backdrop of the “rapid expansion” of economic relations between the two countries. Polat said in a statement carried by the Turkish Anadolu Agency that “the volume of trade between Turkey and Iraq will reach $20 billion in the short term, and $30 billion in the medium term.”
This was in response to a visit he made to Baghdad on Thursday, where he met with his Iraqi counterpart, Minister of Trade Atheer Al-Ghurairi, and they held the second meeting of the Iraqi-Turkish Economic and Trade Committee, which aims to develop relations between the two countries.
He noted that he led a delegation of more than 100 Turkish businessmen on a visit to Baghdad, which included a delegation of 19 companies in different sectors, in addition to a delegation of Turkish contracting companies that held intensive meetings with their Iraqi counterparts.
Polat participated in the opening of the Turkish Export Products Exhibition in Baghdad, which was organized with the support and coordination of the Ministry of Trade and under the supervision of the General Secretariat of the Mediterranean Exporters’ Associations in Türkiye.
During the visit, Bolat met with his Iraqi counterpart, Atheer Dawood Salman Al-Ghurairi, and discussed with him ways to facilitate trade exchange and improve the investment environment, as the second phase of the protocol of the joint economic and trade cooperation committee between the two countries was signed.
The protocol stipulated taking concrete steps to enhance cooperation in the areas of trade, investment, logistics, and infrastructure, in addition to signing a cooperation agreement in the field of exhibitions to increase coordination in organizing joint economic events.
Polat also participated in a roundtable meeting between Turkish contracting companies and Iraqi bodies concerned with projects, and new opportunities were discussed to implement high value-added projects and increase the share of Turkish companies in the Iraqi market.
Polat noted that Turkish exports to Iraq amounted to $8.7 billion during the first nine months of 2025, while the total volume of bilateral trade reached about $12 billion during the same period.
He added that Turkish companies have implemented 1,145 projects in Iraq (he did not specify when) with a total value of $36.6 billion, which is equivalent to about 6.7% of the total projects they have implemented globally, making Iraq the third largest market in the world for Turkish contractors.
Polat explained that Turkish engineering, architecture and consulting companies have also implemented nearly 200 projects worth $400 million in Iraq.
He pointed out that Ankara is ready to provide all forms of support for Iraq’s reconstruction projects, especially the “Development Road” project, which is one of the most prominent joint strategic initiatives between Ankara and Baghdad.
Shafaq.com
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U.S. ENVOY LINKS IRAQ’S STABILITY TO ENDING IRANIAN INFLUENCE AND CURBING ARMED GROUPS
U.S. Envoy Mark Savaya urged Iraq to unite under one government, end armed groups outside state control, resist Iranian interference, and build full sovereignty, stability, and prosperity with U.S. support.
In a declaration that fuses the branding of American presidential politics with the high-stakes geopolitics of the Middle East, newly appointed U.S. Special Envoy to Iraq, Mark Savaya, has officially unveiled his mission, declaring in a bold and comprehensive statement his intent to help guide Iraq toward full sovereignty, free from the grip of armed groups and “malign external interference.”
The official statement, issued from his X account on Friday, strategically culminates in a familiar and powerful slogan—”MAKE IRAQ GREAT AGAIN”—framing his new diplomatic role not as a continuation of past policy, but as a revitalized, Trump-branded project aimed at rebuilding a strong, unified, and prosperous Iraqi state.
The appointment of Savaya, a Detroit-area entrepreneur of Chaldean-Iraqi heritage with deep personal and political ties to President Donald Trump, has already sent a clear signal of a more direct, personalized, and transactional American approach to its complex relationship with Baghdad.
His inaugural statement now provides the clearest and most detailed articulation yet of the ambitious mandate he carries, one that directly targets the core challenges that have plagued Iraq for decades: the erosion of state authority by powerful militias, the corrosive influence of Iran and its proxies, and the persistent friction between federal and regional authorities, all while championing unity and economic revival.
Dissecting the Mandate: A Blueprint for a New Iraq
Savaya’s official statement is not merely a diplomatic pleasantry but a carefully constructed blueprint of the Trump administration’s objectives in Iraq.
It begins with a measured acknowledgment of recent progress before pivoting to a forceful and unambiguous outline of the core challenges and the American position on them.
The statement opened with a nod to the current Iraqi leadership. “Over the past three years, Iraq’s leadership has taken important steps to guide the country in the right direction, both politically and economically,” Savaya wrote.
This diplomatic opening serves as a recognition of the efforts of the current government while simultaneously setting the stage for the assertion that this progress is incomplete and fragile.
He continued, noting that “Iraq has begun to reemerge as a sovereign state, working to reduce external influences, bring all weapons under the control of the legitimate government, and open its markets to international companies to help rebuild and develop the country’s fragile infrastructure.”
However, this positive assessment was immediately followed by a crucial caveat: “However, the work is not yet complete, and Iraq still requires continued support to remain on this path.”
The core of the envoy’s mission, however, was articulated in a direct and forceful challenge to the status quo of armed groups operating with impunity.
“The United States Government has made it clear that there is no place for armed groups operating outside the authority of the state,” Savaya declared. This line is a direct reference to the powerful, often Iran-backed, militias that have embedded themselves within the Iraqi state, challenging its authority and controlling vast political and economic networks.
He explicitly linked the nation’s entire future to the resolution of this existential threat. “Iraq’s stability and prosperity depend on having unified security forces under the command of a single government and the Commander in Chief of the Armed Forces, united under one flag that represents all Iraqis. Without this unity, Iraq’s sovereignty and progress will remain at risk.”
The statement did not shy away from naming the primary source of this destabilizing influence. “The interests of the Iraqi people and of the wider region depend on a fully sovereign Iraq, free from malign external interference, including from Iran and its proxies,” he stated.
This is the most direct articulation of the anti-Iran thrust of his mission, framing it as a fight to liberate Iraq from the grip of its neighbor and allow it to become a nation “committed to serving its citizens and living in peace with its neighbors.”
Critically for audiences in the Kurdistan Region and for the broader stability of the country, the new envoy stressed the importance of internal cohesion and cooperation.
“In this context, unity and cooperation between Iraq’s federal and regional authorities are essential to ensuring lasting security, economic growth, and national cohesion,” he stated.
This line has been widely interpreted as a signal that Savaya intends to play a role as a bridge-builder between Erbil and Baghdad, a position strengthened by his known affinity for the Kurdistan Region.
Finally, Savaya defined his personal role and the overarching philosophy of his mission. “It is my mission, on behalf of President Trump, to engage with Iraq and support its continued pursuit of stability, sovereignty, and prosperity,” he wrote, before concluding with an affirmation of the bilateral relationship and his own commitment.
“Iraq remains of great importance to both the region and the United States. It will continue to stand as one of America’s strongest and most valued partners, and I am committed to further strengthening this relationship as I assume this honorable role as Envoy. MAKE IRAQ GREAT AGAIN,” Savaya concluded.
A Quintessentially Trumpian Choice
The appointment of Mark Savaya, announced by President Trump on his Truth Social platform on October 19, is a classic example of the President’s preference for personal emissaries over career diplomats.
Trump praised Savaya’s “deep understanding of the Iraq-U.S. relationship and his connections in the region,” but also pointedly highlighted his instrumental role in securing a “record vote with Muslim Americans” during his campaign in the crucial swing state of Michigan.
This fusion of foreign policy with domestic political victory is a hallmark of the Trump style. Savaya is not a product of the State Department but of the world of business and entrepreneurship. As the owner of Leaf and Bud, a prominent marijuana dispensary in the Detroit area, and a financial contributor to Trump’s campaigns, he is a loyalist and a trusted member of the President’s inner circle.
This profile, as noted by observers, suggests a U.S. policy toward Iraq that will be driven by a transactional, deal-making ethos, prioritizing tangible economic and commercial objectives as the primary levers of American influence. The choice of a special envoy itself, rather than relying solely on the U.S. ambassador, is a significant signal, reflecting Trump’s pattern of using personal representatives like Jared Kushner and Steve Witkoff to bypass traditional diplomatic channels and execute his strategic vision directly.
A Welcome Appointment for Sovereignty Advocates
Savaya’s appointment and his strongly worded inaugural statement have been met with swift and enthusiastic endorsement from key pro-sovereignty figures in Iraq, who see him as a powerful new ally in their long struggle against the dominance of Iran-backed militias.
Hoshyar Zebari, a veteran Kurdish statesman and former Iraqi Foreign Minister, immediately hailed the appointment as “a welcome news & a bold decision to restore Iraqi sovereignty & independence away from corruption & mismanagement of its resources, and militias rule.” Zebari’s statement immediately framed Savaya’s mission with a clear and challenging mandate, positioning him as an agent of change against the powerful armed groups that have embedded themselves within the Iraqi state.
This endorsement suggests that Savaya will be welcomed by a significant coalition of actors in both Baghdad and Erbil who see a more assertive American engagement as essential to rebalancing the country’s internal power dynamics.
Ano Jawhar Abdoka, the Kurdistan Region’s Minister of Transportation and a senior Christian leader, also praised the appointment as “a source of pride and a symbol of trust,” and a recognition of the “remarkable capacities of our Chaldean people.”
Economic Statecraft and the “Make Iraq Great Again” Doctrine
Savaya’s adoption of the “Make Iraq Great Again” slogan is a calculated move to brand his mission with the promise of revival and renewal. In an Iraqi context, it taps into widespread frustration with decades of governance failures and corruption.
It also signals that his approach will be grounded in concrete economic and commercial objectives, a language both he and President Trump understand fluently.
One of the most immediate and sensitive challenges he faces is confronting the Iran-backed militias and their deep entanglement in Iraq’s economy.
His mission will likely involve a multi-pronged strategy to dismantle what is termed Iraq’s “shadow economy”—a network of banks, companies, and financial actors allegedly used to evade American sanctions and sustain Iranian proxy groups.
By leveraging his business acumen, Savaya may focus on pushing for greater financial transparency, strengthening the rule of law to curb the economic power of the militias, and promoting Iraq’s energy independence to reduce its reliance on Iranian gas and electricity. His known respect and affinity toward Kurdistan and its leadership, particularly President Masoud Barzani, is another crucial dimension of his appointment.
For many in the Kurdistan Region, his role offers renewed hope for a more effective American interlocutor on longstanding disputes with Baghdad over budget allocations, revenue sharing, and constitutional rights.
A U.S. envoy sympathetic to Kurdish priorities could significantly tilt the balance in federal relations, offering the Kurdistan Region a powerful advocate within the Trump administration’s inner circle. As Mark Savaya embarks on his mission, he carries with him not just the authority of the American presidency, but the weighty expectations of a nation yearning for stability and a new chapter of prosperity.
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IRAQ SIGNS CONTRACTS WITH INTERNATIONAL COMPANIES REGARDING THE DEVELOPMENT ROAD
Minister of Transport Razzaq Muhaibis Al-Saadawi announced today, Friday, that the ministry is in the process of contracting with a third party to audit the technical company responsible for the Development Road, noting that this road is an integrated economic project targeting 8 sectors.
Al-Saadawi stated in a press release that “the Ministry of Transport has worked to overcome the challenges in the Development Road project by utilizing foreign expertise,” noting that “this is a strategic and large-scale project, the first of its kind in Iraq, and therefore foreign expertise is necessary.”
He added that “the Ministry has engaged technical consultants from the Italian company BTP, and also engaged financial and economic consultants from the American company Oliver Wyman. Furthermore, a contract was signed with the American company KBR to audit Oliver Wyman,” indicating that “the Ministry is currently in the process of contracting with an auditor or a third party to audit the technical company.”
Al-Saadawi explained that “this road is an integrated economic project targeting eight sectors, and several countries are interested in participating in the project,” confirming that “a high-level committee and a commission are planned to be formed to manage the Development Road project.”
The “Development Road” is a road and railway that extends from Iraq to Türkiye and its ports, with a length of 1200 kilometers inside Iraq.
The “Development Road” is one of the most important pillars for linking Türkiye with Iraq and the Gulf, and is considered one of the shortest routes that connect the Gulf with Europe.
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TRUMP’S ENVOY: IRAQ IS OF PARAMOUNT IMPORTANCE TO THE REGION AND THE UNITED STATES
The new US envoy to Iraq, Mark Savaya, affirmed on Friday that Iraq is of paramount importance to the region and the United States, and that it is one of the United States’ strongest and most valuable partners, stressing that the Iraqi leadership has taken important steps to steer the country in the right direction.
In a statement posted on his X platform account, Savaya said: “Over the past three years, the Iraqi leadership has taken important steps to steer the country in the right direction, politically and economically, and Iraq has begun to recover as a sovereign state, working to reduce external influences and put all weapons under government control.” He added that “Iraq still needs continued support to continue this path and that there will be no place for armed groups operating outside the authority of the state in Iraq, and all groups must be unified under one leadership.”
He added that “Iraq’s stability and prosperity depend on the existence of unified security forces under the leadership of one government and one flag that represents all Iraqis,” noting that “the interests of the Iraqi people and the region as a whole depend on an Iraq that enjoys full sovereignty, is free from foreign interference, and is committed to serving its citizens and living in peace with its neighbors.”
He pointed out that “unity and cooperation between the Iraqi federal and regional authorities are essential to ensuring sustainable security, economic growth and national cohesion,” noting that “Iraq is a pivotal country in the region, and it must play its natural role in promoting peace, security and regional stability, and Iraq should not go back to the past or adopt an approach that hinders progress and unity.”
The US envoy continued: “My mission, on behalf of President Trump, is to engage with Iraq and support its ongoing pursuit of stability, sovereignty, and prosperity. Iraq remains of vital importance to both the region and the United States, and will remain one of America’s strongest and most valued partners. I am committed to strengthening this relationship as I assume this honorable role as envoy.”
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AN AMERICAN PROJECT TO RESTRUCTURE IRAQ, END IRANIAN INFLUENCE, AND UNIFY DECISION-MAKING BETWEEN BAGHDAD AND ERBIL.
Washington’s discovery, through the first official statement of US President Donald Trump’s envoy to Iraq, Mark Safaya, about a clear change in his views on the Iraqi issue, is on the transition from Traditional diplomatic address to the project of establishing the Iraqi state against any foreign influence, except Iranian character.
Concerned that the first statement of the US ambassadors is a roadmap for a new phase, Safaya has just said that Iraq needs an active role Work on the accumulation of weapons within the state and prevent foreign intervention.
In contrast, this address is Washington’s desire to restructure the Iraqi security system, which guarantees the creation of a number of power centers, which is in line with the Trump administration’s goals One of the expansion of financial institutions in Tehran within state institutions.
As Safaya’s reference to bad foreign intervention is a clear indication of Washington’s direct intention to confront Iranian influence in Iraq, it benefits from the situation
possible transaction Popular and political resentment towards the power of the armed factions.
The focus on cooperation between Baghdad and Erbil is a strategic guarantee that aims to rebuild the unity of national resolution and achieve a balance between the situations The regional side of the exploitation of domestic divisions.
Political centers said the US move would pave the way for Iraq’s reintegration into the Western economic and security system It includes opening the markets of international companies and encouraging investments in Al-Bani al-Tahtiya, against the Iraqi commitment to expose any armed forces outside the jurisdiction of the state.
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THE CENTRAL BANK CONFIRMS A RAPID RESPONSE FROM BANKS TO JOIN THE BANKING REFORM PLAN.
Central Bank Governor Ali Al-Alaq confirmed on Friday that there is a broad response from most banks to join the banking reform plan, and he set a date for its final implementation, noting that the reform process has entered advanced stages.
Al-Alaq told the official agency, as reported by Iraq Observer, that “the Central Bank is now working intensively on two plans: the first to reform the government banking sector, and the second to reform private banks, in cooperation with an international company.”
He added, “The two plans have made very significant progress, and we are now in advanced stages of this work. We expect to proceed with steady steps within the plan, which will lead to the achievement of a stable banking sector, capable of communicating with the outside world and of making a qualitative contribution to the national economy. It will also be able to keep pace with global transformations, especially digital ones, and respond to the requirements of various economic aspects, in harmony with general trends and major transformations.”
He pointed out that “the banking sector reforms today are not superficial or patchwork measures, but rather fundamental processes related to rebuilding the banking sector,” indicating that “banks are now facing a historic decision,” noting that “the reform plan has faced mixed reactions, but the Central Bank has been clear in its position on reform.”
Al-Alaq stressed that “a meeting was held with all banks, and we explained that this plan is not an option, but rather a path linked to local and international legal, regulatory, financial and digital requirements that cannot be ignored, and there is a strong determination to implement it.”
He continued, “We have entered into a series of dialogues and discussions with the banks and listened to the different viewpoints,” noting that “there is a very high rate of response from most banks to enter into the reform plan and they have given a commitment to that,” explaining, “We are about to start a new phase to follow up on the implementation of the reform steps.”
Al-Alaq indicated in his speech that “within five years or sooner, we will witness a different banking sector in Iraq.”
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AL-ALAQ: THE CENTRAL BANK IS WORKING ON TWO PLANS TO REFORM THE BANKING SYSTEM… WE HAVE ENTERED ADVANCED STAGES.
On Friday, October 31, 2025, Central Bank Governor Ali Al-Alaq spoke about the details of two plans the bank is working on as part of reforming the banking sector, noting that the reform process has entered advanced stages .
Al-Alaq said in a press statement followed by “Al-Jabal” that “the Central Bank is now working intensively on two plans: the first to reform the government banking sector, and the second to reform private banks, in cooperation with an international company.”
He added, “The two plans have made very significant progress, and we are now in advanced stages of this work. We expect to proceed with steady steps within the plan, which will lead to the achievement of a stable banking sector, capable of communicating with the outside world and of making a qualitative contribution to the national economy. It will also be able to keep pace with global transformations, especially digital ones, and respond to the requirements of various economic aspects, in harmony with general trends and major transformations.”
He pointed out that “the banking sector reform operations today are not formal or patchwork procedures, but rather radical operations related to rebuilding the banking sector,” indicating that “banks are now facing a historic decision,” noting that “the reform plan has faced mixed reactions, but the Central Bank has been clear in its position on reform.”
Al-Alaq stressed that “a meeting was held with all banks, and we explained that this plan is not an option, but rather a path linked to local and international legal, regulatory, financial and digital requirements that cannot be ignored, and there is a strong determination to implement it.”
He continued, “We have entered into a series of dialogues and discussions with the banks and listened to the different viewpoints,” noting that “there is a very high rate of response from most banks to enter into the reform plan and they have given a commitment to that,” explaining, “We are about to start a new phase to follow up on the implementation of the reform steps.”
Al-Alaq indicated in his speech that “within five years or sooner, we will witness a different banking sector in Iraq.”
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CENTRAL BANK: DEVELOPING A “GLOBAL” PLAN TO REFORM IRAQI BANKS IN AGREEMENT WITH OLIVER WYMAN
The Central Bank of Iraq identified several key points for the banking reform plan agreed upon with the global company “Oliver Wyman”, noting that a turning point had been reached with the opening of a branch of the “Arab Bank” in Baghdad, so that banks in Iraq would be no less than the banks of the Emirates and Saudi Arabia.
Central Bank spokesman Alaa Al-Fahd said, “The plan is the most important strategy undertaken by the Central Bank to develop the financial and banking sector in Iraq in cooperation with the global company (Oliver Wyman),” noting that “the plan is represented by digital and electronic transformation, diversifying the base of financial inclusion and moving away from paper transactions, so that local banks will be at a level comparable to global and regional banks.”
Al-Fahd added that “this plan needs time to be implemented despite the existence of very large challenges that it may face,” expecting “the banks’ agreement to enter into the reform plan to be a successful first step towards a path that extends from 3 to 5 years . “
He explained that “the turning point is the opening of a branch of (Arab Bank) in Baghdad, which is evidence of competition in the local, Arab, regional and international banking sector, so that banks in Iraq are no less than the banks of the Emirates and the Kingdom of Saudi Arabia, and its application in cooperation with the global company makes these banks operate at a global level of financial services, improve their quality, develop human resources and apply technological transactions and cybersecurity within a comprehensive plan for technological, financial and banking reform and development in Iraq.”
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FINANCIAL EXPERT: PEOPLE DO NOT TRUST BANKS AND ARE STORING THEIR MONEY AT HOME.
Financial expert Mahmoud Daghir revealed on Sunday that the amount of cash held by the public is estimated at around 90 trillion dinars, out of a total money supply of 98 trillion dinars in Iraq.
Daghir, a former director at the Central Bank of Iraq, stated in a press interview that “the total amount of currency issued is around 98 trillion dinars, of which 88 to 90 trillion is held by the public.” He added, “The public doesn’t just mean individuals, but also merchants, contracting companies, and industrialists.” (And don’t forget investors in the dinar outside of Iraq.)
He explained that “Iraqis hoard money instead of depositing it in banks because our society prefers cash transactions and needs a long time to adapt to electronic payment methods. Moreover, some depositors lack confidence in banks following recent setbacks.” He pointed out that “these are all behavioral issues. People are accustomed to holding onto a portion of their money, and so are companies. This is how Iraqis think.”
According to specialists, this phenomenon has many negative aspects, including that the central bank loses its actual control over the money supply, and that its tools such as the interest rate or rediscount become less effective, while banks suffer from a shortage of liquidity, which weakens their ability to finance projects and pushes investors towards informal financing, in addition to the difficulty of managing inflation due to the money supply not officially circulating, which negatively affects the central bank’s decisions in achieving its main goal, which is to control the general level of prices and achieve stability.
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The Sudanese president declares it openly: I want a second term.
Prime Minister Mohammed Shia al-Sudani confirmed on Monday that the disarmament of armed groups is linked to the withdrawal of international coalition forces, which will take place next September, and stressed his desire to obtain a second term.
Al-Sudani told Reuters that “Iraq has pledged to put all weapons under state control, but that will not work as long as there is a US-led coalition in the country, which some Iraqi factions consider an occupying force.”
He added that “there is still a plan for the international coalition against ISIS to withdraw from Iraq by September 2026, because the threat of armed Islamist groups has declined significantly.”
He said: “ISIS does not exist. Security and stability exist… So give me an excuse for the existence of 86 countries (in the coalition),” referring to the number of countries that have participated in the coalition since its formation in 2014.
He added: “At that point, there will certainly be a clear program to end any weapons outside the state institutions. This is everyone’s demand,” noting “the possibility of factions joining the official security forces or entering the political arena by laying down their weapons.”
He pointed out that “no party can drag Iraq into war.”
When asked about the increasing international pressure on non-state armed groups in the region, al-Sudani said: “There is plenty of time; the situation here is different from Lebanon.”
He continued: “Iraq is clear in its positions to maintain security and stability, and that state institutions are the decision-makers in war and peace, and that no party can drag Iraq into war or conflict.”
Al-Sudani said: “There is a clear, intensive and qualitative entry of American companies into Iraq,” including the largest agreement ever with General Electric to generate 24,000 megawatts of power, which is equivalent to the country’s current total production capacity.
Al-Sudani stressed that the agreement with the American company Excelerate for liquefied natural gas to provide liquefied natural gas helped Iraq cope with frequent power outages.
Al-Sudani praised the preliminary agreement recently signed with ExxonMobil, saying that “the advantage of this agreement is that Iraq, for the first time, is agreeing with a global company on the development of oil fields, along with an export system.”
She pointed out that “American and European companies have expressed interest in a plan to build a permanent platform for importing and exporting gas off the coast of the Grand Faw Port, which will be the first project there,” indicating that “the government has set a deadline of the end of 2027 to stop gas flaring completely and achieve self-sufficiency in it, and stop importing gas from Iran.”
He said: “We burn gas worth between four and five billion dollars annually, and we import gas worth 4 billion dollars annually. These are wrong policies, and our government is working to find solutions to these problems.”
Regarding the elections, Al-Sudani explained: “We expect a big win and we want to continue on this path,” adding that he desires a second term.
He expressed his belief that this year’s elections will see a higher turnout than the parliamentary participation rate of about 40% last year, which had decreased from about 80% two decades ago.
Al-Sudani listed the number of unfinished projects he inherited from previous governments – 2,582 projects, according to him – and indicated that he “spent a small part of their initial cost to complete them.”
He concluded by saying: “I am not worried about Iraq’s financial and economic situation. Iraq is a country rich in resources, but my concerns are about the delay in implementing reforms.”
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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
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