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 11, 2025 Mnt Goat News Brief
Guten Tag everyone:
Bringing you WOW! WOW! WOW! fantastic news. Opps it’s happened again….
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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Proverbs 11:24-25:
“One gives freely, yet grows all the richer; another withholds what he should give, and only suffers want”
More news….
AL-SAABRI: THE NEXT PARLIAMENT IS REQUIRED TO LEGISLATE THE OIL AND GAS LAW.
MP Hussein al-Saabri affirmed on Saturday that the upcoming parliament is required to overcome all political differences and proceed with enacting the oil and gas law, as it is one of the most prominent pieces of legislation postponed from previous sessions.
Al-Saabri told the Information Agency that “engaging the law will establish a clear legal framework for managing oil and gas resources and guarantee the rights of all parties, thus enhancing fairness in revenue distribution and reducing ongoing disputes.”
He added that “postponing the law over the past years has negatively impacted the national economy and led to continued disagreements regarding oil management and export,” explaining that “the next phase requires genuine political will to resolve this vital issue, which is directly linked to the state budget and its economic stability.”
More news….
IRAQ’S FOREIGN CURRENCY RESERVES RISE BY MORE THAN THREE BILLION DOLLARS
The Central Bank announced on Saturday that its foreign currency reserves had increased by more than three billion dollars by the end of September.
The bank said in an official statistic seen by Shafaq News Agency that “foreign reserves at the Central Bank until the 30th of September of this year amounted to $98.155 billion, equivalent to 127.601 trillion Iraqi dinars, an increase of $3.514 billion compared to August, in which reserves amounted to $94.641 billion, or equivalent to 123.033 trillion dinars.”
He added that “these reserves also increased compared to July, when they amounted to $94.714 billion, equivalent to 123.128 trillion dinars.”
He also pointed out that “these reserves have decreased compared to last year, 2024, when they amounted to $100.276 billion, or the equivalent of 130.347 trillion dinars, and are lower than in 2023 when the reserves amounted to $111.736 billion, or the equivalent of 145.257 trillion dinars.”
IRAQ’S GOLD RESERVES ARE APPROACHING 171 TONS, MAINTAINING ITS 29TH POSITION GLOBALLY.
The World Gold Council confirmed on Thursday that Iraq’s gold reserves have reached nearly 171 tons, maintaining its position among the world’s largest holders of gold reserves.
In its November report, the Council stated that Iraq did not purchase any gold during the first seven months of 2025, yet it still maintained its 29th position globally out of 100 countries in terms of gold reserves. The report indicated that Iraq’s gold reserves amounted to 170.9 tons, equivalent to 21.6% of its other foreign currency reserves. This places Iraq fourth among Arab countries, after Saudi Arabia, Lebanon, and Algeria, in terms of gold reserves.
The Council noted that the United States leads the list of the world’s largest gold holders with 8,133 tons, followed by Germany with 3,350 tons, and Italy with 2,451 tons. Trinidad and Tobago and Haiti hold the smallest reserves, at 2.0 and 1.8 tons respectively.
(yes, more bragging rights… lol.. lol.. lol.. )
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.
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So what is all the GOOD NEWS? What just happened yesterday?
Again everything that I am about to tell you today has been confirmed with my CBI contact last night on a call to Iraq. So this is not some intel gury bullshit but FACTUAL information and I need all my blog followers and all you newbies to pay attention.
For years (decades) we have been waiting for the revaluation of the Iraq dinar and to see the IQD once again reinstated on FOREX. I am here today to tell you this is about to happen and happen much sooner than you may conprehend. But stilll we must not do one of these knee-jerk reactions and get stupid with this information. We must still be patient and wait for it. Yes, wait for it….wait for it… wait for it. Remember Kim Clements prophecy about the Iraqi dinar? Remember what he said?
😊 Let’s continue today by breaking down a recent article that came to us yesterday. It is titled “THE IRAQI DINAR WITHOUT ZEROS: THE CENTRAL BANK OF IRAQ LAUNCHES A HISTORIC REFORM.” The author is Dr. Subhi Jabara. If you listen to my audio commentary, when you clicked on the Latest Newsletter, you will hear all about his credentials. He is a famous economist and not some dummy. Yes, he is not a stupid intel guru making stupid everyday / any day claims of an RV (reference TNT Tony, Bruce and other idiots).
So, what exactly is this article? My CBI contact told me it is an integral part of the educational process leading up to the FOREX reinstatement. If you read the article you will clearly hear words that tell us there is more to the removing the zeros than just removing the zeros, as Jabara tells us it is going to lead global trading of the dinar as the IQD once again.
Okay, so he doesn’t come right out and say IQD but we can clearly see what he means when he says the following statement, and I quote- “The real shift occurs in the subsequent adjustment of the exchange rate. The Central Bank has developed several scenarios, with internal studies predicting that the floating dinar could stabilize automatically at a value in the distant future between 3.22 and 4.25 dinars to the dollar.” And then also “This represents a transition from post-war recovery to a new era of economic independence.”
Folks these two statements (and more) represent everything I have been telling you for many years but many of you would rather listen to some jerk intel gurus. Where do they come from? All I can say is I told you so!
So, lets break down these two statements. The first one tells of a shift. It says the “real shift occurs in the subsequent adjustment of the exchange rate” Simply put, this “real shift” is the move to FOREX, the reinstatement not just removing the zeros. As I have been telling you all along this project to delete the zeros is a three step process. First is to switch out the notes to the newer lower denominations, second is to watch for inflation and the third step is the reset or reinstatement back to FOREX market. By them making the statement “This represents a transition from post-war recovery to a new era of economic independence”, tells us also that Iraq is finally moving FULLY out of the sanction mode caused by the two gulf wars, even though they have been technically cleared of all UN Chapter VII sanctions since December 2022. Yes, finally it is happening. I told you the pressure and growth of the economy would do it and it is doing it.
Next in the article, Jabara even uses the term “nominal rate” as in going back to a nominal rate reflecting the true value of the Iraqi dinar. Come’ on folks, have I not been telling you all along that they have been artificially suppressing the dinar? Yes, nominal rate is a real IMF term used to describe a currency when it is fairly revalued according to the economy and assets of a country. Just so you know I actually heard many of these stupid, ignorant intel gurus out there tell their audience there is no such term and someone just made it all up. Really? They even mentioned my name Mnt Goat. Now we get the truth and it is in writing. No debates now, just as I have told you. No lies or deception either. It is the words from Iraq not me. So, next let’s look at the evidence of this in the article today and I quote “Despite this strength, the nominal value of the dinar has been lagged, widening the gap between the official exchange rate and its true value.” Oops there is it “nominal value”, the TRUE VALUE. I rest my case….
Okay now that I settled these issues, let’s get down to the nitty gritty of the article. Yes, there is more and this news that reinforces everything I have been telling you for the last decade. Remember the 2011 Dr Shabibi / IMF plan? There are three steps. The plan calls for getting off the sole peg to the US dollar and on to a re-peg of a basket of currencies. Now let’s see what they just told us in today’s article in this regard, and I quote from the article – “Reduces dependence on the dollar: “By re-pegging its currency into a diversified basket of currencies or commodities, Iraq can reduce its reliance on the US dollar for oil settlements, a move with significant geopolitical implications.” How sweet it is…lol..lol..lol.. I told you so many times! I want everyone to think about what was just said. Then think back on one of my Mnt Goat Newsletters when I talked about Iraq getting off the petro-dollar and doing it sooner than most believe. It’s all connected. Oh… but some of my readers had to argue with me and tell me this would never happen or happen decades from now. Really?
I also said at that time it would not happen until after the repegging and the reinstatement occurs. Well…. now this article just told us, as I have been telling you that this step is about to occur too, but not under the suppressed rate and sole peg. How can it? These changes according to Dr Shabibi’s plan must first occur. Get it? They must get off the dollar as they were put on the dollar for the sanctions to occur. Get it? Now they are going to move on from the sanctions altogether too bad there was such a lag from 2022 until now. Did it take Trump to make sense of it all and get the ball rolling? Get it? Please stop arguing with me and listen to me.
I also now want to talk about a FLOAT. In a couple of the recent past articles they said there would not be a float. Dr Shababi’s plan calls for a float but ONLY after the reinstatement. These past couple article were concerned about a float while still under the sole peg to the dollar and still under a suppressed rate and not yet on FOREX. Get it? So, today they are referring to a float, under the new peg, no longer suppressed as one of the two options going forward. So, they are referring to a FOREX float, if they do it. Get it?
Next, I need to talk about the potential new rate when it does reinstate back on FOREX. Folks, I said it many times that it is only when the IQD gets reinstated that we will see the kind of rate we all want and then we can go to the bank. Really who the hell cares what the rate is under the removing of the zeros, just as long as they do remove them and issue the newer lower denominations. This is why the third step to the DR Shabibi plan is so important to us investors. I watch so many of these so-called intel gurus get all excited about the removing the zeros and expecting these kind of high rates as a result. Not going to happen. I already explained clearly how the rate will be affected by removing the zeros. But it won’t stop there as the rate will shift dramatically when the reinstatement occurs. Here is yet more tid bits from today’s article about this and I quote again – “The world is watching closely. The potential shift in the dinar’s value, with projections ranging between 3.22 and 4.25 to the dollar, has captured the attention of investors, economists, and governments worldwide”
Let’s talk purchasing power in Iraq
😊There is an interesting article about the coming purchasing power of the dinar. It is titled “WHAT COMES AFTER PURCHASING POWER AND FAIRNESS IN BUILDING THE ECONOMY? – IYAD AL-ANAZ” It says “the economy is a cornerstone of the modern civil state and a key driver in achieving the principles of sustainable community development and maintaining a balance between economic growth and the effective management of natural resources to ensure their sustainability for future generations”. Okay, so we know already that Iraq took so long to get where they are today since they had to pay off the UN sanctions first, then to rebuild the economy to the extent they have now. it took a good prime minister to do it too. Now can they sustain it when they publish the new rate. They already told us there will NOT be a change in purchasing power in the process of removing the zeros, so this article must be about post RV and in the aftermath of the reinstatement. I believe that this is what is behind this article today. So, this article seems to already be on the new page of after the fact meaning they are preparing the citizens telling them about sustaining the new rate later even after all the three steps to get to the dinar reinstatement are done. It is a reassurance in the process about to take place. They must continue the efforts to rebuild the economy move forward even after their purchasing power is increased post reinstatement / revaluation. Interesting….. 😊 In other words for most of us investors in the dinar it ends, but for the citizens of Iraq there is still much work to be done to sustain their new rate on FOREX.
I will end this dive into this recent article today and encourage everyone to go read the entire article your yourself. Still doubt this RV is about to happen? Folks, how many more juicy articles educating us do you need? When will you wake up. The RV is here but not yet and it is still in the final part of the final stage before it pops out.
What else did my CBI contact tell me yesterday?
First, I need to remind everyone that it is ONLY through your generous appreciation of my Newsletter that I am able to make these lengthy and costly calls to the middle east. Thank You for all your help in this matter.
My Contact told me yesterday that pictures of the newer lower denominations have been presented in a high-level meeting with the press involved, but that the press was asked not to publish the pictures until the new CBI site reflected them. She said there may be some agents of the press that leak them out and are not supposed to. This news tells me we are extremely close to this event, as they previously told me they would not publish the pictures until they were close to the event due to the risk of counterfeiting.
She also told me that we can expect yet more educational articles from the news on how to conduct the switch out of the notes and other miscellaneous articles about changing prices, contracts, etc. due to the new rate.
I know there are many more articles of the news that I can review today too, but this commentary is already too long and so I will leave it to you to go to the Articles Section and snoop around and sneak a peak at them. It is all still very good news all around. I will conclude with another quote from today’s main article – “For Iraq itself, this is more than just an economic adjustment; It is a step toward a historic fiscal renaissance, signaling Iraq’s transition from post-war recovery to a future of economic independence and self-determination. A new chapter for Iraq: The way forward.”
Q & A
Question from Kenneth Dorough:
Hi Mtn Goat,
We appreciate all that you do for us. I need to get this through my head correctly. I’ve read all that you have said about the deletion of the zero’s. From what I’ve been told by my banker is that if the zeros are removed from the bank notes and if you have 10 mil. in Iraqi dinar. Then when Iraq removes the zeros the 10 mil. will be reduced to 10K when we exchange. So if you have 10 mil. in Dinar and the value increases to 3.20 when it goes back to FOTEX. My banker has said when they remove the zeros instead of 32,000,000 mil. it would actually be 32,000, because the bank would automatically remove the zeros from the nominal bank notes of 25,000 to reflect the new nominal value of 25.00. Why wouldn’t this be considered a lop? Are the bank associates wrong with what they’re stating? You have a differ scenario of what will happen. What is the truth concerning this issue. If my banker tells me that they will remove the zeros when I exchange would you feel they are lying or telling me what will happen?
Answer from Mnt Goat:
Guten Tag Mr Dorough, es ist ein wunderbarer Tag! I do not care what your banker told you as I only know what the Central Bank of Iraq has told the people of Iraq many times. I will refer you to the following link and link. Go read it. Sorry I am not about to rehash this stuff all over again as I already did it a thousand times. I am trying to be nice, but I do have links in my blog for this very purpose. I would not lie to you and so please go snoop around and read. The currency notes we hold will be VALID notes at face value. The CBI has told us this over and over again. You take the face value times the FOREX rate and that is the dollar amount you should expect on the exchange. They will also do the same in Iraq when they bring them to the bank only their rate is an in-country rate of 1 dinar to about .75 cents x the note face value (not yet on FOREX) unless they change their strategy.
Once on FOREX Hypothetical Example: 25,000 dinar note x 4.25 rate = $106,250 USD. Yes, your banker does NOT know what he/she is talking about. Good Luck in your exchange! 😊
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? Will the reinstatement follow? Will you be rich?
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
“The 2024 Election Did Not Save Your Nation”
You can start watching the video at the 13:50 mark. From Nov 3rd.
Again she talks about the “angel of death”.
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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
HOW TO LOOK PENNILESS IN THE PUBLIC RECORD
Today we’re diving into why it’s crucial for real estate investors, stock investors, business owners, and wealth builders to appear “penniless” in the public record. Would you like to learn more about protecting your assets and minimizing taxes? Schedule a free consultation here 👉 https://aba.link/i93
How an LLC can actually work against you.
Don’t have your personal name or address in any public record.
Are offshore assets or accounts really protected?
Are vortex trusts a scam for tax protection?
Don’t misuse a legal entity and take it to extraordinary measures, it won’t work.
I really, really, really encourage everyone to watch this video and learn from it.
Now I know that many of you may have already researched getting a LLC or a Trust to protect your money against creditors and reveres law suits. But after watching this video today I feel you can learn even more and that there are some caveats that can really work to your benefit all depending upon the state you file your entity in. It’s just a matter of working with your attorney and help to guide them on what you want.
Basically, it all amounts to how much privacy a particular state is willing to give for a legal entity. Attorneys can research this for you but you have to find a good one willing to do it for you. What I am saying is you may think you are protected in a particular state and then find out later, when sued, that your records are not that protected from preying eyes after all.
Another key lesson I learned is it is much easier to use the entity instead of your own name and address from the very start and get it on the dead when you purchase a property or business, rather than have an attorney later try to fix it, after some damage is already done.
Listen carefully what these attorneys are saying….
5 STATES CUTTING PROPERTY TAXES TO ZERO
LAWYER REACTS TO JAN 6 REVELATION REPORT: POTENTIALLY ‘INSIDE JOB’
Christina Bobb, reacted to investigative reporter Steve Baker’s report alleging the January 6th pipe bomber may have been a woman and possibly an “inside job.” of course it was. it was an event created in yet another attempt to disqualify Trump from ever running for president again. Just by looking at the first 10 months of his administration we can see why the deep state wanted him out so bad. Their plan did not work and is backfiring on them. The TRUTH will be exposed. But who is mainly responsible and brainstormed the plan?
ILHAN OMAR IMPLICATED IN $250,000,000 FRAUD RING.
Yipes! That a lot of mulla!
MAMDANI WILL MAKE DE BLASIO’S REIGN LOOK LIKE THE ‘GOLDEN AGE’
We just experienced an election for mayor in NYC and the candidates were again a vote for the least of the two evils. Unfortunately, the evilest one won. Yes, Mamdani won the election and New Yorkers just shot themselves in the foot although they are stupid enough not to know it.
In NYC 1% of the population pays 40% of the income tax. NYC is in for an exodus and who is going to pay for all these Mamdani FREEBIES. Will he be forced to betray his voters?
THE MASK COMES OFF AFTER ELECTIONS
Once elected, the mask comes off. Of course, the mask was always off but many refused to listen. Remember the snake eye in Biden and the voice when he approached the microphone? The prophets told us this was Satan entering his body. Now we see Mamdani and the same but his is screams. We will soon see what all the screaming was about.
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?
THE IRAQI DINAR WITHOUT ZEROS: THE CENTRAL BANK OF IRAQ LAUNCHES A HISTORIC REFORM.
Research and writing by: Dr. Subhi Jabara
The Central Bank of Iraq has officially confirmed that it is moving forward with its long-awaited “zero-zero” project, a massive financial reform that will fundamentally reshape the country’s economy and its standing on the global stage.
In a series of statements, the Central Bank Governor emphasized that the project is not mere speculation but a concrete initiative that has generated considerable enthusiasm and interest in international financial circles. This ambitious project aims to rename the Iraqi dinar by removing three zeros from its nominal value to better reflect the country’s growing economic strength. This move, which has been the subject of rumors for years, is currently under active development, with comprehensive studies and simulations having been completed. According to the Governor, the process will be gradual and meticulously planned to ensure financial stability while unlocking the currency’s true potential.
For years, the Iraqi dinar has suffered from a decline in its nominal value as a result of decades of conflict and economic instability. The current exchange rate, hovering around an unofficial rate of 1,415 dinars to the US dollar, forces citizens to carry large amounts of cash for their daily transactions and complicates international trade and investment. The “zero-zero” project was designed to address this problem by simplifying the currency and aligning it with the country’s strong economic fundamentals, including robust oil revenues, expanding gold reserves, and deepening trade partnerships with global powers such as China, the United States, and the European Union. While the Central Bank has been careful not to commit to a specific timeline, the confirmation that the project has begun marks a pivotal moment for Iraq. This represents a transition from post-war recovery to a new era of economic independence.
Signs of Reform: How Will “Removing Zeros” Work?
The phrase “removing zeros” may sound alarming, but it is a standard monetary policy tool known as currency revaluation. It is not a confiscation of wealth, but rather a recalibration of the currency’s nominal value. In essence, 1,000 old Iraqi dinars will become 1 new dinar. Crucially, all prices, wages, and savings will be adjusted proportionally, ensuring that individuals’ purchasing power remains stable at the moment of the shift. The real shift occurs in the subsequent adjustment of the exchange rate.
The Central Bank has developed several scenarios, with internal studies predicting that the floating dinar could stabilize automatically at a value in the distant future between 3.22 and 4.25 dinars to the dollar. The governor clarified that these figures are not a declared rate but rather an indicator of the currency’s potential if it is allowed to float freely based on market demand and Iraq’s economic fundamentals. Two main paths are being considered for the next phase.
Economists close to the central bank indicate that both options remain on the table. The choice will depend on the government’s strategic priorities, whether it favors a gradual, market-driven adjustment or a swift and decisive reset.
Either path would trigger one of the most significant currency transformations in the modern Middle East. The economic driver: Why is now the right time for a stronger dinar? The timing of this reform is not coincidental. The Iraqi economy is at an evolutionary turning point. The country’s fiscal position has steadily improved, driven by several key factors: Strong oil revenues: As a leading producer in OPEC, Iraq’s steady oil revenues provide a stable foundation for its economy and strong support for its currency. Growing gold reserves: The central bank is actively expanding its gold reserves, a traditional safe asset that enhances monetary stability and international credibility. Deepening trade partnerships: Iraq has developed strong trade relations with major global economies, including China, the United States, and the European Union, diversifying its economic interactions and reducing its dependence on any single partner. Despite this strength, the nominal value of the dinar has been lagged, widening the gap between the official exchange rate and its true value. Each time Iraq’s GDP grows or its foreign reserves increase, this discrepancy becomes more pronounced.
The “zero-zero” project is the mechanism to close this gap, allowing the currency to finally reflect the country’s true wealth and economic progress. This reform is expected to have profound global implications. Revaluing the Iraqi dinar would:
• Boost regional investment: A stable and strong currency would make Iraq a more attractive destination for foreign investment, thereby fostering economic growth throughout the region.
• Reduces dependence on the dollar: By re-pegging its currency into a diversified basket of currencies or commodities, Iraq can reduce its reliance on the US dollar for oil settlements, a move with significant geopolitical implications.
• Inspires monetary reform: It could inspire neighboring economies to reassess their monetary structures, potentially triggering a wave of fiscal modernization across the Middle East. For Iraq itself, this is more than just an economic adjustment; It is a step toward a historic fiscal renaissance, signaling Iraq’s transition from post-war recovery to a future of economic independence and self-determination. A new chapter for Iraq: The way forward.
The central bank governor has emphasized that this reform is not a rash or hasty move; Every step is carefully measured, documented, and designed to maintain stability and public confidence. While the precise implementation timeline remains confidential, the confirmation that the project has begun and the preliminary studies are complete indicates that implementation is closer than ever. When the reform takes place, whether through a gradual float or a sudden restructuring, it will permanently alter Iraq’s fiscal identity.
The phrase “removing zeros,” as simple as it sounds, represents one of the most ambitious and complex financial engineering projects in the country’s modern history. The central bank is not just changing numbers; It is redefining how Iraq interacts with the global economy. The world is watching closely. The potential shift in the dinar’s value, with projections ranging between 3.22 and 4.25 to the dollar, has captured the attention of investors, economists, and governments worldwide. This is not just an economic story; it is history in motion. As Iraq stands on the precipice of this financial transformation, the message is clear: the nation is ready to transcend its past and write a new chapter of prosperity and strength.
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WHAT COMES AFTER PURCHASING POWER AND FAIRNESS IN BUILDING THE ECONOMY? – IYAD AL-ANAZ
The economy is a cornerstone of the modern civil state and a key driver in achieving the principles of sustainable community development and maintaining a balance between economic growth and the effective management of natural resources to ensure their sustainability for future generations.
Among the most important principles of a national economy are enhancing purchasing power, improving living standards, achieving social justice, and distributing wealth equitably among all members of society, regardless of their diversity or geographical location, thus fostering positive growth, progress, and prosperity.
A scientifically and administratively sound economy creates numerous opportunities for productive work, utilizes human resources, supports youth-led scientific innovation, and strengthens the social and economic stability of the people. It also empowers community solidarity initiatives to play their positive role in promoting human cohesion and mutual support, assisting needy and vulnerable families, and reducing economic and social disparities by providing equal and fair opportunities for all members of society. Furthermore, it ensures a clear and equitable distribution of resources and services, thereby addressing unemployment and increasing per capita income, which is the foundation for the advancement of the production process at an accelerating pace.
The economy is taking important paths to increase the state’s financial returns and not relying on a single source of production and export. Here I refer to setting the state’s financial budget criteria based on oil production as a single economic approach, rather than enhancing the skills to search for other sources by supporting economic development with key factors in the agricultural and industrial sectors, building strategic projects, supporting investments in all sectors and government institutions, and giving great importance to developing life in all its economic, social and cultural aspects. The effectiveness of exports remains of paramount importance in increasing the state’s financial revenues through financing sustainable community development, operating production plants and factories and supporting the private sector.
Economic development derives its importance from the factors involved in sustaining it through increasing national income within the state’s economic system and adopting successful methods and approaches to address unemployment and poverty phenomena by adopting sound foundations and successful initiatives to increase services provided to citizens and diversify job opportunities through a broad economic process and long periods of time capable of organizing economic projects and developing productive work skills among young people in order to achieve the goals of economic community development.
Economic forces, political tools, and social orientations take the economy as an important tool in strengthening the social structure of peoples and determining their future paths by drawing up the tools of their needs in aspects of progress and prosperity through many development programs, realistic ideas, research centers, and economic tools with a national approach that contributes to strengthening the spirit of giving and creativity among the sons of the nation and helps to support the mature youth thought that possesses the tools of change and reform towards building a cohesive society with a spirit of national belonging and continuous giving, reaching stages of advancement and elevation on the ladder of economic production and supply.
The economy is the important tool that protects the independence of the country and contributes to strengthening its political decision, supporting social constants, and instilling a spirit of perseverance among the people to give broad horizons that enhance the bonds of cohesion and harmony in society.
Proper preparation for the use of means of production, support for the national economy, and containment of youth competencies are key factors that contribute to intellectual and urban development, solid construction, and establish the foundations of community work to protect the links of the pillars of the economic system that determine the paths and prospects of the future for future generations. It provides ample space for the establishment of production units of factories and plants and establishes an industrial and commercial renaissance that helps to support and reinforce orientations based on respect for the choices of the people and their national will, achieving their goals, and preserving the independence of their homeland, far from all the procedures, means, and plans that international and regional interests seek to use to dominate the destinies of free peoples, exploit their wealth, and control their future.
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HE CALLED FOR “AMERICA TO EMBRACE IRAQ”… AL-SUDANI SPEAKS OF FACTIONS IDEOLOGICALLY LINKED TO IRAN
“Let us join in America’s peaceful prosperity” – an article by a Sudanese writer published in an American newspaper
In an article published in the American newspaper “The New York Post,” entitled “Let’s join America’s peaceful prosperity – and help calm the Middle East,” Iraqi Prime Minister Mohammed Shia al-Sudani called for “America to embrace Iraq,” and spoke about factions in Iraq that are ideologically linked to Iran.
Below is the text of the article published by the newspaper and translated by “Al-Jabal”:
” The long wars, the war against terrorism, and the enormous sacrifices on both sides have left deep scars. But Iraq today is not the country it was twenty years ago.”
Our armed forces have become stronger, our institutions more mature, and thanks to cooperation with the United States and the international coalition, we are increasingly able to defend our sovereignty.
The gradual reduction of coalition forces is not a retreat but a reflection of Iraq’s growing confidence and willingness to assume responsibility. This shift marks the beginning of a new era—an era focused on prosperity rather than mere survival.
Iraq now seeks a partnership rooted in economic opportunities: We need investment, jobs, and access to markets, while the United States offers leading expertise in technology, energy, and agriculture, along with unparalleled investment capacity.
By combining Iraq’s natural wealth with American innovation, both countries will benefit.
The recent agreements with companies such as Chevron and General Electric are not just contracts on paper; they represent real job opportunities, stronger infrastructure, and a more stable Middle East.
Iraq is a young country: 40% of our citizens are under the age of 15. This demographic reality can be either a powerful engine for growth—or fertile ground for despair.
If we provide education and employment, our youth will lead Iraq forward; if we fail, we risk exposing them to extremism. This is why Iraq seeks not aid, but investment—partnerships that generate sustainable opportunities.
Security in Iraq no longer depends on a permanent foreign presence, but rather stems from job opportunities, justice, and sovereignty. Extremism thrives where young people lack hope. To counter this, Iraq is working to secure its borders, cut off funding for terrorism, and ensure that weapons remain under state control.
These measures not only protect Iraqis, but also enhance Iraq’s role as a reliable partner in global security.
We have also chosen to be a bridge for dialogue rather than a battleground for conflict.
Iraq is cooperating with its neighbors to ease tensions and prevent regional crises that could once again attract external powers.
This reflects our vision of sovereignty:
Iraq as a stabilizing force, a supporter, and a contributor to peace.
In this effort, the United States remains a key partner – through diplomacy and continued support for Iraq’s stability.
Iraq has chosen the path of integration and constructive dialogue based on fair and mutual interests, and the pursuit of stability and shared prosperity.
Our relations with the United States are based on mutual respect and the principle of non-interference in internal affairs. Guided by these values, Iraq pursues a policy of constructive engagement with both its regional neighbors and the international community.
Iraq is a fully sovereign state, independent in its decisions, and guided solely by its national interests. We maintain balanced and legal relations with all countries.
While some Iraqi factions have ideological ties to Iran, we have worked to ensure that their activities remain strictly within the bounds of state authority.
Externally, we seek partnership; internally, we seek reconciliation.
We are working to resolve issues with the Kurdistan Region and to build trust among Iraq’s diverse communities by promoting a shared national identity, because a stable local foundation is the essential condition for successful international partnerships.
The measure of relations between the United States and Iraq should not be the number of American soldiers on our soil, but rather joint projects, trade, and opportunities available to both peoples.
The relationship that was defined by war must be redefined by prosperity.
We seek cooperation, not conflict. We prefer our steel to be used in the production of goods, not weapons.
The United States embracing Iraq as an investment and trade partner will give our neighbors tangible proof that peace is the best alternative to war. What Iraq envisions is a fair, balanced, and mutually beneficial partnership: a partnership in which Iraq assumes full responsibility for its security while the United States participates as an investor, economic partner, and ally.
This is not a call for charity, nor is it a call for a permanent military presence.
It is a call to build a mutually beneficial relationship that transforms the lessons of the past into the foundations for a better future. America has always been a leader in innovation and opportunity. Iraq is ready to keep pace with this leadership with its resources, its youth, and its determination.
Together we can redefine the relationship between the United States and Iraq—not as another chapter in an endless conflict, but as a story of prosperity built side by side.
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AMERICAN COMPANY KBR IS DESIGNING THE SECOND PHASE OF THE INTEGRATED GAS GROWTH PROJECT IN IRAQ.
ENKA Construction and Industry announced on Thursday that it has selected the American company KBR to provide detailed engineering design services for the second phase of the associated gas production project (AGUP2), within the Gas Growth Integrated Project (GGIP) managed by Total Energies along with its partners BOC and Qatar Energy, in Basra Governorate, Iraq.
The company said in a statement, which was reviewed by “Dijlah News”, that “the selection comes in the wake of KBR’s successful delivery of the Front-End Engineering Design (FEED) for the same project, which confirms its established relationship with both Total Energies and ENKA, and its continued commitment to supporting the development of energy infrastructure in Iraq.”
She added, “Under the letter of award, KBR will provide a detailed, multi-disciplinary engineering design from its global engineering centers, enabling ENKA to execute the engineering, procurement, construction and commissioning (EPSCC) scope of work for the central processing facility.”
The company indicated that “the AGUP2 project, scheduled to begin in 2028, aims to process oil and associated gas from the Artawi oil field to increase production capacity to 210,000 barrels per day of oil and 154 million standard cubic feet per day of gas, while seeking to eliminate routine flaring and contribute to Iraq’s transition to low-carbon energy.”
Jay Ibrahim, President of KBR Sustainable Technology Solutions, stated, “KBR has been a trusted service provider in Iraq for over four decades.”
Ibrahim added, “The project represents a strategic milestone for the future of energy in Iraq, as it will combine gas extraction, power generation, oil field redevelopment, and investment in renewable energy to support Iraq’s goal of achieving energy self-sufficiency while improving environmental performance.” He explained, “We are proud to continue supporting Total Energies and Enka to promote sustainable growth and provide reliable energy for Iraq.”
According to the company, “KBR’s expertise in gas processing, carbon reduction, and energy transition technologies makes it a key contributor to Iraq’s broader decarbonization goals and Total Energies’ integrated approach to responsible energy production.”
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PARLIAMENTARY FINANCE COMMITTEE: CENTRAL BANK GOVERNOR FAILED TO CONTROL THE CURRENCY MARKET
On Thursday, Finance Committee member Nazem Al-Shibli asserted that the performance of the Central Bank Governor raises many questions, indicating that he has failed to manage the country’s financial policy, which has allowed hard currency smuggling mafias to operate freely.
Al-Shibli told Al-Maalomah News Agency that “the current fiscal policy has not achieved the required stability, but rather has contributed to deepening the economic crisis that Iraq is suffering from.” He added that “the lack of strict oversight of the Iraqi financial file has opened the door for currency smuggling mafias abroad, which has negatively affected the local market and the value of the dinar.”
He explained that “the continuation of this situation threatens the country’s economic security and exacerbates the suffering of citizens, necessitating urgent and decisive measures to stop the drain on foreign currency reserves and stabilize the markets.”
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THE PRIME MINISTER UNVEILS “IRAQ VISION 2050” TO TRANSFORM THE COUNTRY INTO A REGIONAL POWER.
Iraqi Prime Minister Mohammed Shia al-Sudani affirmed that his government places the interest of Iraq and its people above all else, noting that the country is currently experiencing an unprecedented period of stability, with a clear transformation in its regional and international image after many years of conflicts and disputes.
In an exclusive interview with Newsweek, Sudanese Prime Minister Abdalla Hamdok explained that the government aims to transform Iraq from a country historically associated with instability into a regional hub for trade, innovation, and stability, according to a comprehensive national vision called “Iraq Vision 2050.” This vision rests on six key pillars: digital transformation, sustainable governance, a resilient economy, youth empowerment, achieving sovereignty, and a balanced geopolitical positioning.
Al-Sudani stressed that the slogan “Iraq First” constitutes the essence of this vision, noting that it reflects a philosophy similar to the “America First” slogan adopted by US President Donald Trump, saying: “The common denominator between us is giving priority to the people and the homeland. Just as Trump puts his country’s interest first, we put Iraq first in terms of security, stability, development and services.”
He added that the government has succeeded in achieving tangible accomplishments in security, services and economic reform, citing the conduct of the first comprehensive population census in 37 years under the supervision of the United Nations, and the organization of local elections in all governorates, including Kirkuk, after a hiatus of nearly two decades, which has strengthened citizens’ confidence in the electoral process, with more than five million new voters registering to participate in the upcoming elections on November 11, a number that Al-Sudani described as “unprecedented in the history of modern Iraq.”
On the regional front, Al-Sudani stressed that Iraq follows a policy of “positive neutrality” towards the crises that have plagued the region, noting that Baghdad has succeeded in avoiding the tragic scenarios witnessed by neighboring countries such as Lebanon, Syria and Yemen, despite the intensity of the conflicts.
Regarding the armed factions, the Prime Minister stressed that the rule of law and the state’s monopoly on weapons are a firm principle, explaining that there is a tangible shift in the orientation of these factions towards political action, which strengthens the state of institutions.
Regarding the Israeli threats, Al-Sudani stressed that Iraq confronted them with a clear official position and complete rejection, emphasizing that Iraqi territory will not be used to attack any party, and that the decision of war and peace is an exclusive right of the state.
He also revealed Iraq’s active diplomatic role during the war on Gaza, noting Baghdad’s participation in the Sharm el-Sheikh conference to support the US president’s plan to stop the fighting, and to work on creating a basis for dialogue between Washington and Tehran based on respect for sovereignty and rejection of sanctions and threats.
Regarding foreign relations, Al-Sudani stressed that Iraq maintains a balance in its relations with both the United States and Iran, saying: “Iran is a neighboring country that supported us in the war against ISIS, and we maintain a relationship based on mutual respect. At the same time, we have a strategic partnership with the United States in multiple areas.”
The Prime Minister indicated that the Trump administration represents an opportunity to build a model relationship based on common interests and economic development, stressing Iraq’s openness to American investments, and that the doors are open for American companies to contribute to reconstruction, energy and infrastructure projects.
Regarding the future of Iraq, Al-Sudani stated that the country possesses all the elements for advancement, including human, natural, and financial resources, saying: “We seek to make Iraq a prosperous economic center and a balancing force in the region, based on science, technology, and youth leadership.”
He explained that the “Iraq Vision 2050” project includes programs for digital transformation, smart government, cybersecurity, empowering national talents through entrepreneurs, and achieving productive citizenship, stressing that the government has already begun implementing this vision in cooperation with the Ministry of Planning and international companies such as KBR.
He pointed out that these efforts aim to diversify the economy and reduce dependence on oil, considering that “the rentier economy was a mistake that lasted for decades and must be overcome by building a flexible and innovative economic model.”
On the achievements front, Al-Sudani affirmed that Iraq is experiencing its highest levels of stability since the 1960s, with a normal nightlife, growing tourism, and a 40% increase in tourism revenues. He noted that Mosul, once a stronghold of ISIS, has become a tourist destination attracting visitors from Europe and Russia, with plans to establish a dedicated Ministry of Tourism to support this vital sector and enhance Iraq’s international image.
The Prime Minister concluded his speech by emphasizing that the position represents a trust and a national responsibility, saying: “The trust that the people give through elections is a precious trust that we must meet with honesty and action, not promises.”
He stressed that the biggest challenge facing his government is confronting the campaigns of doubt and obstruction from some political parties, adding: “The more we accomplish, the angrier our opponents become, and this is the best proof that we are on the right path.”
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Iraq avoids budget deficit thanks to one factor… Expert reveals the secret
Economic expert, Salah Nouri, revealed that the Financial Management Law No. 6 of 2019 served as a safety valve that saved Iraq from entering a state of financial deficit by addressing cases of delay in approving the federal general budget law or its failure to be approved on the specified dates.
Nouri told Al-Furat News Agency that: “The Financial Management Law has addressed several cases related to the approval of the federal general budget law,” noting that “Article 13 stipulated clear procedures to ensure the continuity of spending even if the budget is delayed beyond December 31 of the year preceding the year in which it was prepared.”
He explained that “the aforementioned article authorized the Minister of Finance to issue an official circular based on specific criteria, whereby it permits spending at a rate of {1/12} or less of the total actual expenditures for current expenses for the previous fiscal year, after excluding non-recurring expenses, to ensure the continuity of employee salaries and the operation of government facilities without interruption.”
Nouri added that “the same article allowed for spending from the total annual allocation for ongoing investment projects whose allocations were included during the previous and subsequent fiscal years, according to the actual completion rates or completed stages of preparation, with the aim of preventing the suspension of projects under implementation.”
The economist explained that “the third paragraph of the article accurately addressed the situation of the budget not being approved at all, as it stipulated that the final financial data of the previous year be adopted as the basis for the financial data of the new year, provided that this data is submitted to the House of Representatives for the purpose of approval, which ensures the continuation of the state’s financial activity in a legal and organized manner.”
Nouri stressed that “this article, with its three paragraphs, represented a comprehensive solution to the situation of delaying or not approving the budget at the end of the fiscal year,” explaining that “thanks to it, Iraq avoided falling into financial paralysis, especially since the House of Representatives had previously approved a budget for three years {2023 – 2024 – 2025}, which strengthened financial stability and contributed to regulating government spending within specific and clear ceilings.”
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THE UNITED STATES SENDS A NEW MESSAGE TO IRAQ
US Special Envoy to Iraq, Mark Savaya, announced that Washington is optimistic about the future of Iraq and sees it as a country moving towards prosperity.
He stressed the need for everyone to work to keep it away from the domination of the militias.
Savaya wrote on his X platform account that the United States views the future of Iraq positively, given its active and creative people.
He noted that Iraq has witnessed remarkable progress in recent years, and at the same time is preparing for a new phase of consolidating democracy, calling on everyone to work together to protect this progress.
Savaya affirmed that the US government continues to support Iraq whenever it takes steps towards development and stability.
He expressed his hope that Iraq would be a sovereign country, free from militias and armed groups, which would be a source of joy for everyone.
Savaya’s statements confirm the American position calling for an end to the influence of militias and groups linked to Iran, at a time when many of these factions participated in the electoral process and formed special lists and alliances to achieve this goal.
This comes in conjunction with a statement by Iraqi Foreign Minister Fuad Hussein, in which he confirmed that six Iraqi factions classified as “banned” by the United States will not be part of the next government formation.
Fuad Hussein said in an interview with Al-Hadath TV that the American side issued a decision to classify these factions as “banned”.
He pointed out that it is necessary to take this into account to ensure stable diplomatic relations for Iraq with the international community, and to facilitate dealings with various countries.
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IRAQIS TO VOTE AMID TENSION WITH WASHINGTON
As Iraq heads to the polls this Tuesday, voters are choosing leaders who could reshape the country’s relationship with the United States. Many voters say Washington still controls key parts of their economy and politics, leaving the question of sovereignty unresolved more than two decades after the U.S. invasion.
In Iraq’s southern city of Basra, oil exports are booming. Tankers load millions of barrels of crude every day, bringing in billions of dollars. But this money does not go to the Central Bank in Baghdad.
Instead, it is sent to accounts at the U.S. Federal Reserve, where it remains under American supervision.
These revenues are deposited into what was once known as the Development Fund for Iraq (DFI), later restructured into the “Iraq 2 Account” at the Federal Reserve Bank of New York.
From there, funds are released to Iraq’s Ministry of Finance for government spending, but only after approval and clearance through the U.S. financial system. This setup allows Washington to monitor every dollar and, if necessary, delay or restrict Iraq’s access to its own oil income.
The system was first created in 2003 as a temporary safeguard after the fall of Saddam Hussein. It was meant to help Iraq manage its oil revenue transparently.
Yet 22 years later, it still exists. The U.S. presidents have renewed the arrangement every year, most recently in May 2025.
Critics say this has turned a short-term measure into long-term control. Officials in Baghdad estimate that between $80-$85 billion of Iraq’s oil revenues are now held in the U.S. Federal Reserve. Washington says the setup helps prevent corruption and protects Iraq’s economy. But many Iraqi voters argue it gives the U.S. too much leverage.
That leverage became clear when U.S. regulators restricted dozens of Iraqi banks from using dollars. The decision reduced the flow of dollars into Iraq, weakening the dinar and raising prices for everyday goods. For shopkeepers and traders, the result has been higher costs and shrinking profits.
“The Americans say it’s about stability, but we’re the ones paying the price,” said Ahmed, a trader in Baghdad’s Karrada district. “Our money is controlled by another country.” The U.S. also keeps military forces in Iraq, something many voters still view as an occupation. Together, these economic and military ties have become key issues in the November 11 election.
Several political blocs are promising to reclaim sovereignty by demanding control over Iraq’s oil and gas revenues and pushing for a faster and more transparent timeline to end the U.S. troop presence.
At a recent summit in Egypt, U.S. President Donald Trump told Iraqi Prime Minister Mohammed al-Sudani, “You have a lot of oil and you do not know how to handle it.”
His comment fueled debate in Iraq over whether the U.S. still sees itself as Iraq’s guardian, or its overseer.
The next government will face a difficult choice: maintain the current system for stability, try to renegotiate it, or cut the link entirely. Each option carries serious risks for Iraq’s economy and relations with Washington.
When Iraqis vote this week, they will decide more than who leads them. They will decide whether their country can finally stand on its own, or whether America will continue holding the financial and political levers that shape Iraq’s future.
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DEVELOPMENT ROAD PROJECT: 75 PERCENT OF FINAL DESIGNS COMPLETED
The director of the Development Road project at the Italian consulting firm (BTB), Wido Bonini, confirmed on Monday that the project connects Basra Governorate to the Turkish border via a railway and an international highway. He indicated that the project will provide 150,000 job opportunities and support the Iraqi economy. He pointed out that the project plan extends until 2050 and includes the establishment of economic and industrial cities within the Iraqi governorates. Bonini told the official agency, “The company has participated in the Development Road project since the beginning of the project study in 2023, when we started with our partners in the Iraqi Railways Authority to study the project.”
He added that “BTB studied the project and realized its importance to Iraq, not only internationally, as it connects the world, but also internally between the governorates.” He explained that “the company paid attention to the stations that will be built within the governorates, from Basra to Nasiriyah, Diwaniyah, Najaf, and Karbala, reaching Baghdad, Samarra, Tikrit, Baiji, and even Mosul.” He continued, “The company also paid great attention to the interior designs, not only for the transportation process from the port of Faw to outside Iraq. The attention did not only include international aspects but also Iraqi governorates.” He pointed out that “the project is not only a railway, but it will also be a highway connecting Umm Qasr to the northern region with the Turkish border for transporting goods.”
He also explained that “the company was concerned with the efficiency of the train in terms of transporting passengers and not just goods, as a study was prepared according to the highest international standards, so that the speed of the trains designated for transporting passengers would not be less than 300 kilometers per hour,” noting that “direct trains will cover the distance between Basra and Baghdad in about an hour and a half without stopping, while there will be other trains that stop in a number of governorates.”
He also explained that “the company submitted a complete study and designs to the Ministry of Transport, especially to the Railways Department for consultants for the group of projects. In addition, we have other contacts with partners who were appointed through the Ministry of Transport, including Oliver Wyman, with whom we are working, which will contribute to providing the best project that is thoroughly studied, so that it can be implemented without any problems.”
He also noted that “several countries have expressed interest in the project, most notably Turkey, as it is the country that has a direct connection to the development route, in addition to Gulf countries including Qatar, the UAE and the Sultanate of Oman, who have expressed their desire to be an active part of the project. We also expect the Kingdom of Saudi Arabia to join later after the studies are completed.”
He also pointed out that “the project is in its first phase a freight transport, railway and (highway) project and a railway link with Turkey, but the state’s future plan includes establishing development projects, factories and plants along the road in all governorates, in accordance with the nature of each governorate. For example, in Basra Governorate there will be oil factories and petrochemical plants.”
He added, “There will be factories in the holy governorates of Karbala and Najaf, most of them specializing in agriculture, such as a canning company or others, and this study will be part of the project’s establishment process,” explaining that “the project will provide between 100,000 and 150,000 job opportunities and contribute to revitalizing the national economy.”
He continued, saying that “the project in its second phase will focus on building factories, plants and economic cities,” explaining that “these economic projects will come in sequence according to the plan that will extend for about 25 years, starting from 2025 until 2050.”
He confirmed that “the company has so far completed between 70 and 75 percent of the final designs, studies and practical application on site, while it is expected to complete the remaining 25 percent during the next three months to deliver it to the Ministry of Transport by the end of this year.”
Bonini concluded by saying: “The ministry intends to launch a global platform for submitting bids and studies to international companies for the implementation work after receiving all the final designs, surveys, detailed geological work, and designs for the project, which extended over two years.”
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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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