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:
August 4, 2026 Mnt Goat News Brief
Guten Tag everyone:
Today’s news is all very good as Iraq made commitments to Washington that, if completed, we will finally see what we all have desired as investors in the Iraqi dinar.
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Galatians 5:13
“For you were called to freedom, brothers. Only do not use your freedom as an opportunity for the flesh, but through love serve one another.”
STATUS OF THE RV
Willkommen im Monat August.
Still no RV. So much news today about many important topics. Where do I begin?
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It is the beginning of a new month. The Latest Mnt Goat Newsletter will only be published if my viewers support it. If you have not yet shown you appreciation, please try to help out for this month. We are already down to one Newsletter a week due to non-participation by the majority of viewers.
Remember that I don’t need to publish anything for anyone. I do this because I care about the public and because I don’t agree with the bizarre, stupid stuff that is going on to wrongly promote this Iraqi dinar investment as a three-ring circus. Yes, there are many idiots making a lot of money off their nonsense, yet, I bring FACTUAL and HONEST news and I can hardly afford to do it any longer. Can you help?
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First, I would like to clarify all these rumors and so many lies about the recent article from the economists Al-Sheikh’s plan to delete 1 zero from the dinar currency. You can read my all important information about this article in my July 28, 2026 Newsletter. They say it’s going to RV any day as a result of deleting only 1 zero.. Really? Yet more lies. Let me show why this is just more nonsense by idiots. Let’s take a peek at a couple important recent articles published since Al-Sheikh’s plan . The first one is titled “AL-ZAYDI’S ADVISOR TO RUDAW: THERE IS NO DECISION TO REMOVE ZEROS FROM THE DINAR”
I will quote from the article. This one remember is from Salih not the CBI. “The financial advisor to the Iraqi Prime Minister , Mazhar Muhammad Salih , confirmed that there is currently no official decision to remove zeros from the Iraqi currency . He pointed out that Iraq lost 85 % of its oil revenues due to the war (recent Iranian conflict, while its currency and gold reserves remained stable.
The next article is from the prime minister and is titled “MONETARY STABILITY MAP: AL-ZAYDI’S ADVISOR REVEALS THE TRUTH ABOUT REMOVING ZEROS AND THE REASONS FOR THE SCARCITY OF SMALL DENOMINATIONS”
The financial advisor to the Prime Minister put an end to the growing debate in Iraq, asserting that talk of removing zeros from the currency or the existence of a cash crisis is merely baseless rumor. While attributing the scarcity of small denominations to their rapid deterioration due to frequent circulation, he emphasized that the problem lies not in printing new currency, but rather in the way liquidity is managed and circulated within banks.
Zero Removal Project
The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, told Al-Alam Al-Jadeed on Wednesday (July 29, 2026) that “Iraq does not currently have any official indications or decisions regarding removing zeros from the Iraqi currency,”
I also want to remind everyone that we also had a recent article from the CBI on this subject matter also explaining that there is no deletion of any zeros now planned, not to dismiss that the project still does exist.
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In this next article read it carefully. I have presented some tidbits of information that show use just how Iraq is still financially strong to overcome the Oil blockade through the straits and survive. It is titled “HOW LONG CAN IRAQ RELY ON THE CENTRAL BANK’S RESERVES, MONEY-PRINTING SCHEME TO SURVIVE?”
For four months, despite an 83 percent decrease in its revenue, Iraq has still been able to cover its monthly expenses; above all, seven trillion Iraqi dinars (about $5.3 billion) for wage earners, including the Kurdistan Region.
They did this through two ways:
1.It is true that the delayed return of oil revenue through the national marketer’s mechanism, the State Organization for Marketing of Oil (SOMO), resolved some of the imbalance between revenue and spending during the ongoing war,
2.but what has sustained the Iraqi government financially is the Central Bank of Iraq (CBI) by introducing 43 trillion dinars (about $32.6 billion). This was done by injecting newly printed money and reducing the reserves it had accumulated over two decades.
Now the truth also comes out as to a reason why the new PM changed the director of the CBI from Ali Al-Alaq to Nizar Hussein. Remember that Al-Alaq did not want to print new currency and wanted to reduce and the money supply and worked towards the Project to Delete the Zeros and not against setting up for the success of this project.
If this crisis goes on much longer Iraq could face a inflation crisis if they continue to print more money. This will cause inflation regardless of the downward trend of the dollar. There reason why they already have not experienced it is because the dinar was so low against the dollar to begin with and is bouncing back. But this will only last so long and them the impact will happen, if they continue printing more. Printing this hard currency and infusing it into the economy is going against their plan to reduce the currency by 2/3 in circulation which makes the Project to Delete the Zeros much harder or longer to complete. We must be aware of this impacts on these actions due to the Iranian conflict. In the previous article they came right out and told us it is the Iran conflict that hindering the start of the project to remove the zeros.
All I can say is “I told you so”. Yes, if it’s not one thing its another. But my CBI contact is keeping us informed. They do want to target January 2027 again. Can they do it? There is lots of cleanup still to do with these Iranian backed militia and factions but this is supposed to be completed by end of September 2026. The US coalition just announced they are now moving out of Iraq as their part of the deal to disarm the militia. Also, now Saudis are helping by bombing sites in Iraq held by factions that are being used to attack them from based in Iraq. Its all good.
See article titled “WASHINGTON BEGINS WITHDRAWING ITS LAST TROOPS FROM IRAQ AND KURDISTAN, ENDING ITS MILITARY PRESENCE.” A report published by Al-Monitor on Saturday (August 1, 2026) revealed that the US military has begun implementing the final phase of its military withdrawal from Iraq by withdrawing its last remaining forces in the Kurdistan Region, along with air defense systems and related military equipment, in a move that represents the conclusion of the plan to end the US military presence in the country.
Check out this article. This concept really get my goat. They are using your tax dollars to stop the RV. I don’t mean directly or consciously even. What I mean is these funds being paid to Iraq are your tax dollars, yet by supporting the militia using these funds they are actually holding up the RV process.
😊The article is titled “CONGRESS COMMENTS ON THE BOMBING OF THE POPULAR MOBILIZATION FORCES: WE FUND THE IRAQI GOVERNMENT AND IT PAYS SALARIES TO THE MILITIAS.” What? I can hardly believe the US would be so stupid! Finally, someone in the senate doing their job. We read about this in the news years ago. This is why we vote for conservatives. Yes, he is addressing these kind of important issues rather than worrying about people supporting transgender rights or letting them in the ladies toilet… lol,lol,lol.
US Congressman Senator Joe Wilson commented on Wednesday (July 29, 2026) on the US-Saudi bombing of Popular Mobilization Forces (PMF) headquarters inside Iraq, saying that the support provided by the United States to the Iraqi government, which pays salaries to the PMF, must stop, especially after US forces were subjected to attacks by Iraqi militias supported by Iran, in an indication of the PMF’s involvement.
He also praised the inclusion of a clause in the National Defense Authorization Act in the US Congress to cut off funding to Iraq unless the government “disarms all Iranian-backed militias.”
WOW! WOW! WOW! for this last paragraph statement.
“I proposed to cut off funding to Iraq unless the government disarms, demobilizes, and reintegrates all Iranian-backed militias.”
Don’t you find it hypocritical how Iran can tell every other country they can provides air space or bases for the US operations against them however they are using in Iraq, Iranian occupied bases with militias to conduct attacks on other countries surrounding Iraq. Simply put I have been saying this all along. Why does Iran get a pass and the U.S. is always subject to all the criticism? Now we are seeing the tide turn, finally and Iran is being pushed out of Iraq and the truth is coming out thanks to U.S. Senator Wilson.
“media outlets circulated images of bombings of camps said to belong to the factions on the borders of Iran and Basra, as well as several cities in Wasit, Karbala and Nineveh.”
“This is the first admission of Saudi participation in striking Iraq since the Second Gulf War in 1991, when it participated in the international coalition to expel Saddam Hussein from Kuwait. Riyadh has been known for its high level of restraint, and it is believed that its announcement of participation in the attack”
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AN UPDATE: The ‘Development Road’ Project:
Let’s move on to a different topic. I have talked about this project all throughout Al-Sudani’s as prime minister. This one involves attracting massive investors to Iraq. But for what? It is money needed to kickstart the ‘Development Road’ Project. They have to build the roads and rail lines. This take big bucks.
In today’s articles we also get a glimpse as to when they intend to get this project moving ahead. I mean really moving ahead not just a lot of talk like before. Remember this project? This was a pet project for Al-Sudani and I believe he would have loved to continue it in his second term as prime minister, which he did not get. Also remember al-Sudani is still around and not going anywhere. I totally expect him to get his second term in the future but unfortunately for him he did not follow the Coordination Frame work directives when it came to Iranian militias and so he got hurt in the past election. Al-Zaidi too is also now getting negativity and push back now from the Coordination Framework who feel he owes them some loyalty, as we will see in a later article.
So now meetings with the neighboring country of Turkey are underway which is a vital partner to have for this project, in fact MAJOR partner. It is looking VERY promising that Turkey will invest and assist.
Here is are the articles:
😊The first one is titled “AL-ZAYDI AND ERDOGAN AGREE TO BEGIN IMPLEMENTING THE “DEVELOPMENT ROAD” AND TO ORGANIZE MEETINGS OF THE “WATER COMMITTEE”. I have to say this- did the recent trip to Turkey made by president Trump to see Erdogan have anything to do with this? 😊 😊 😊 it all ties together for peace in the middle east. Get it? If there is peace our chances for an RV go up substantially, I mean really HUGE!
“Iraqi Prime Minister Ali al-Zaidi and Turkish President Recep Tayyip Erdogan agreed on Tuesday evening to begin implementing the “Strategic Development Road” project and to continue regular meetings of the joint standing committee between the two countries concerned with the water issue.” So, it looks promising that the al-Sudani legacy moves on into al-Zaidi’s term. 😊
😊The second article is titled “AL-ZAYDI: “THE DEVELOPMENT ROUTE” TRANSFORMS IRAQ AND TURKEY INTO A LINK BETWEEN ASIA AND EUROPE”. I have included some snipits from the article for you. This article also gives us a good idea of the importance of the project and where it could lead Iraq. Will the future be brighter and more prosperous once completed?
Prime Minister Ali al-Zaidi affirmed on Tuesday that “the vital development road project transforms Iraq and Turkey into a link connecting Asia and Europe, while also calling for joint management of the water issue between the two countries.”
”stressing that Turkey “possesses an advanced industrial base, a strategic location, and extensive experience in the fields of infrastructure, energy and transportation.”
Al-Zaydi said that “the potential of the two countries together is not just shared borders, but a wide space to build one of the most important economic partnerships in the region,” noting that
“Iraq and Turkey have a historic opportunity to transform their geographical location into economic value, making them a link between the Gulf, Asia and Europe.”
He pointed out that “the development route is not just an Iraqi project, but a regional one that redefines the concept of economic connectivity in the Middle East,”
“In April 2024, Iraq, Turkey, the UAE and Qatar signed a four-way agreement for the Iraq Development Road project, under the auspices of former Prime Minister Mohammed Shia al-Sudani and Turkish President Recep Tayyip Erdogan.”
“The project’s investment budget is approximately $17 billion, divided between $6.5 billion for the highway and $10.5 billion for the electric railway. It will be implemented in three phases, ending in 2028, 2033, and 2050.”
“The project is expected to provide around 100,000 job opportunities in the first phase and one million job opportunities upon completion, and will promote economic growth and regional and international cooperation.”
😊Yet more news on this subject that I believe is going to relate nicely to the Development Road Project. It titled “AL-YASSIRI: THE NEXT PHASE WILL WITNESS A QUALITATIVE SHIFT IN THE MANAGEMENT OF THE INVESTMENT PORTFOLIO.” Folks, it all tied together.
The head of the National Investment Commission, Adel Dakhel Mohammed Al-Yassiri, began his duties as head of the commission on Sunday, stressing “that the next stage will witness a qualitative shift in the mechanism for managing the investment file in Iraq.”
“Al-Yasiri added that “investment represents a fundamental pillar in the state’s new strategic vision”
But we all knew this already, didn’t we! I find it funny to read this last paragraph because foreign investment has ALWAYS been the fundamental pillar in the state’s strategic vision. It is nothing new. I don’t know why they do this. They spark up hype for an issue that has been a long-standing issue only they did want to complete the challenges that hindered any real progress in it in the past.. This investment money push has been in article after article during the last 15 years, but nonsuccess has been the norm. Why?
How many investment forums have they had? I only hope now they take it seriously and address the OTHER ISSUES HINDERING IT from coming to reality, like the Iranian threat and all the corruption like from the Nouri al-Maliki gang and the like.
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A CHOICE: Al-Zaidi’s Sovereign Iraq OR an Iranian backed proxy state of Iraq?
Now remember what we read in my last Newsletter. Al-Zaidi told president Trump while visiting Washington a few weeks ago, he did not want a ‘failed state of Iraq’. So, we know where he is coming from. It seems from all the news resulting from his visit with Trump he is going to work with the U.S. to rebuild Iraq and move ahead, hopefully very quickly. Here is the article from my July 28, 2026 Newsletter. Its titled “AL-ZAIDI REVEALS THE “ADVICE” HE GAVE TO TRUMP: WE DON’T WANT IRAQ TO BE A FAILED STATE.“ In it Prime Minister Ali al-Zubaidi affirmed that his government rejects Iraq becoming a “failed state,” stressing the need to continue fighting corruption and bear “all the consequences,” while revealing that he advised US President Donald Trump against launching a military strike against Iran. Later we will also read a more recent news about a push back from the Coordination Framework in that is seems they don’t care for Al-Zaidi’s attitude and are pushing back on it. Iraq can no longer hide behind an excuse that they are in charge and use the ‘sovereign state’ defense for not wanting to listen to the U.S. which is only trying to help them and at the same time create an atmosphere conducive to peace in the middle east. Yes, Iraq can obey Iran that has stolen trillions of dollars (not dinars) from Iraq but that is not interfering in their affairs? I think its time to take it to the serious level and push back on Iran.
😊The showdown has begun. The momentum is picking up, the paradigm is changing slowly in Iraq. We can see it in this next article titled “AL-SHAMMARI CALLS ON AL-ZAYDI TO REVEAL THE NAMES OF THE “CORRUPTION KINGPINS” INVOLVED IN STEALING PUBLIC FUNDS.” On Tuesday, MP Mohammed Al-Shammari, from the parliamentary services bloc, called on Prime Minister Ali Al-Zidi to reveal the names of the “corruption kingpins” involved in looting and stealing public funds. I think this one got the attention of big shots in the Coordination Framework….lol..lol..lol.. See the next article,.,.. WOW!
😊This next article is probably the most important one today in which you will realize once you read it. It is titled “I WILL LEAVE IF I REMAIN SHACKLED”… AL-ZAYDI’S RESIGNATION SHAKES THE COORDINATION FRAMEWORK, AND THE WEAPONS ISSUE IGNITES THE CONFRONTATION.”
This is a love / Hate article. You have to love al-Zaidi is what he is trying to do for Iraq but at the same time, if he resigns, that will create a mess for us and any real progress sooner than later for the RV. You need to read the article below to see why he is feeling this way. Who is pressuring him to act a certain way? Does he have the power he wants and needs to make the significant changes that need to happen?
In a remarkable political development, sources within the coordination framework, as reported by Al-Araby TV and followed by Al-Mustaqilla, revealed “an escalating, undeclared crisis between Iraqi Prime Minister Ali Faleh al-Zaidi and the political forces supporting his government, reaching the point of hinting at the option of resignation.”
Oh….. could it be al-Zaidi is ruffling some proverbial feathers in the Coordination Framework with his fight against corruption in Iraq? Finally…. someone willing to stick his neck out and risk it. We see this too in the U.S. as many democrat politicians hate Trump for what he is doing to clean up their corruption in politics in the U.S. Yes many parallels to the U.S. between these two countries.
According to the sources, “Al-Zaydi expressed his dissatisfaction with the lack of response to his vision on a number of crucial issues, stressing that the continued obstruction of his government’s decisions may push him to take a decisive political stance”.
“These developments put the Al-Zaidi government in front of one of its most difficult crises since its formation, as the dispute is no longer about administrative details or differences in viewpoints, but rather about the nature of the security and sovereign decision and who has the final say in state matters”.
1.The weapons issue: the flashpoint between al-Zaydi and the factions
According to the information circulating, the issue of restricting weapons to the state has become one of the most prominent causes of tension, after some factions did not respond to the Prime Minister’s directives regarding reorganizing the status of weapons and armed forces under the official state framework.
Observers believe that this issue of the militias represents the biggest test for al-Zaydi, as any attempt to redefine the relationship between the state and the factions will clash with complex political and security balances that have formed over the past years.
“The al-Zaidi crisis raises a major question about the ability of Iraqi governments to make independent decisions on sovereign matters”
I find it hypocritical that these same Iranian backed political leaders will always come and talk about protecting Iraq sovereignty when it comes to U.S. interference yet they and their policies are the ones threatening it’s sovereignty the most.
“A political resignation or a warning message?
Politicians believe that al-Zaydi’s threat to resign may be a pressure tactic to rearrange the rules of the relationship with his partners, but at the same time it reveals the extent of the tension within the coalition that leads the government.”
“If the crisis turns into an open confrontation, Iraq may be facing a new phase of political conflict, the title of which is: Who has the final say… the government or the forces behind it? The coming days will be crucial in determining whether al-Zaidi’s threat is merely a bargaining chip, or the beginning of a political crisis that could redraw the map of power in Baghdad.”
WARNING: I just want emphasize we may end up with yet more political turbulence in the near future inside Iraq as this plays out. Let’s remember this article and what it just told us.
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SUMMARY
There is no bad news today. No RV! Lots of smiles .,..lol..lol..lol.. My point today is they (the CBI) always push for an RV target, however there are always a series of issues to resolve along the way, hopeful they can do it. I can say with all my heart that “i told you so” about these militias and factions and how they would hold up the RV. It is like constantly running uphill. Yes, a struggle. But I have to say they did it to themselves by letting the Iranians stay in their country post ISIS war. The government back then should have IMMEDIATELY in 2017 told the Iranian militias to leave. So, you can see competition for occupation of Iraq either by the U.S. or Iran. Iran found a window of opportunity to occupy Iraq through the war with ISIS and took it. Now if you tell me Iraq couldn’t expel Iran after the ISIS war, now that’s a different story altogether. Maybe the forces of Iranian militias at that time were stronger than the Iraqi security forces and it simply was not possible? Or the idiots running Iraq did not realize just how bad the Iranians could be. Now they are getting a taste of it.
I believe that our ‘saving grace’ for a future reinstatement is held in the progress and non-oil revenues they can derive from the ‘Development Road’ Project. Diversification of the economy with non-oil revenues is coming and in part is moving ahead now. We can see evidence of this with the Turkey/U.S.(Trump) talks and now the Turkey/Iraq talks. There is a bill each month of over $5 billion dollars to keep Iraq going. This is not moving ahead, just paying the socialist salaries and benefits. Iraq must get out of this socialist like economy and move quicker to a capitalistic, private sector economy.
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Let’s keep our prayers alive. There is a deep spiritual dimension at work today bringing about this reset. I believe we are closer than ever for the dinar to get reinstated. But first things first. Part of the mess in the US must be cleaned up too. Then certain laws in Iraq must be passed. Certainly, reviving the economy to at least 45%-50% non-oil revenues could make a huge difference for Iraq and the IMF. Let’s also let the Abraham Accords take effect as more Arab countries join in. By now everyone should be fully aware of these events that caused delays in the currency reform process. This is not rocket science to understand. We are not in control over these obstacles. We need to STOP spreading rumors and over speculating.
What do you think will happen next? (Leave a comment)
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Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!
These prophecies are an important tool we have to lead us on our path. They are more important now 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 the prophets: Julie Green
“You Will See A Complete RED Wave For The 2026 Midterms ”
Go to 12:54 mark for prophecy. From July 19th. “Get Prepared Something Big Is Coming”
PERSPECTIVES ON THE IRAQI DINAR PROPHECIES
Fr. DON BOSCO EXPOSED THE DARK SECRET BEHIND ISLAM
I keep this one out here to view. Everyone should take the time to watch it. It will awaken you about the Muslim so-called religion (or should we call it for it is — a ‘cult‘.)
— And the truth the world forgot about the so-called Muslim religion.
Fr.Don Bosco, also known as John Bosco, was an Italian Catholic priest and educator, born on August 16, 1815. He founded the Salesian Society in 1859 to help disadvantaged youth, particularly boys, through education and community service. His teachings emphasized lovekindness, and the importance of education for young people, making him a beloved figure in Catholicism and a patron saint of youth. Don Bosco was canonized in 1934.
DEMOCRAT PARTY STRATEGY: CREATE CHAOS GOING INTO MIDTERMS
POLITICAL BATTLE IS TEARING THROUGH THE DEMOCRATIC PARTY
HOW MAMDANI IS LEADING DEMOCRATS STRAIGHT OFF A CLIFF….
Only many of the democrats are too dumb to realize what the final outcome of Mamdani is going to be for their party. Later, they will regret ever supporting him or at the least not speaking out about him. They are still hopeful someone, anyone, can pull them through these next two elections. It is not looking very good for the democrats.
HOW COVID WAS HANDLED? IT’S THE LYING PART WE CAN’T LIVE WITH.
“TRUMP IS ABOUT TO DO WHAT NO ONE EVER EXPECTED…”
HOW MUCH TROUBLE IS DR. FAUCI REALLY IN?
SENATE POSTPONES TODD BLANCHE AG VOTE
I believe he will be confirmed prior to November mid-terms. After mid-terms we are going to see a wave (a RED wave) of inditements come out. Then the trials begin. Will the executive branch decide to go to martial law in many of these larger cities using military style like tribunals to prosecute their crimes? Remember what the prophets told us.
RUDY GULIANI JUST CONNECTS THE DOTS ABOUT NYC MUSLIM MAYOR MAMDANI
DEMOCRATS PAID A FORTUNE TO BURY THIS…
I have created a brand-new “Post RV Workshop” page in the blog. I included my own personal tips on investing post-RV and also organizing and protecting your estate. Here is the LINK. Going forward I will only post new and exciting information and opportunities here on the Latest Newsletter as they come along. Later I will transfer it to the ‘Post RV Workshop’ page in subsequent Newsletters for your future reference.
Just so you know I absolutely DO NOT adhere to high-risk investments where I can lose it all in a flash. Look at it this way – you are going to have all this money from your dinar exchange. Then why blow it! Most of us investors waited decades for this RV to happen and so why would you even think about pissing is all away in some high-risk gamble of an investment. Yes, there are going to be scammers out there but let’s talk about legitimate investment opportunities only. These scammers can suck you dry and there is not a damned thing you can do about it.
Go to a legitimate wealth manager associated with your bank. Let the licensed experts advise you. Please, please stay away from idiots like MarkZ, TNT Tony, Bruce (on the Big Stupid Call), etc. , etc. Go to professionals. It doesn’t mean you have to follow everything they advise you but it’s a great start. Remember they too are selling investment products and get commissions.
AL-ZAYDI’S ADVISOR TO RUDAW: THERE IS NO DECISION TO REMOVE ZEROS FROM THE DINAR
The financial advisor to the Iraqi Prime Minister , Mazhar Muhammad Salih , confirmed that there is currently no official decision to remove zeros from the Iraqi currency . He pointed out that Iraq lost 85 % of its oil revenues due to the war (recent Iranian conflict, while its currency and gold reserves remained stable . Speaking to Rudaw Media Network on Thursday ( July 30, 2026) regarding rumors about changing the Iraqi currency and removing zeros , Salih said , ” There is no official decision . This is a delicate technical procedure that requires favorable economic conditions and extensive preparations within the banking system .”
Regarding the dollar, the Prime Minister ‘s financial advisor indicated that Iraq possesses strong reserves , but political events have had their impact, explaining that “the war deprived Iraq of 80% to 85% of its foreign currency revenues .” Muzhir Muhammad Salih reassured employees and salary recipients , saying, ” There is no problem with the availability of cash for salaries. The Central Bank and the government have the full capacity to meet their financial obligations to employees , retirees, and the social safety net . The pressures we sometimes see are only related to cash management; they are temporary and not a financial crisis .” Muzhir Muhammad Salih also indicated that reserves
Currency and gold formed a strong shield to protect the value of the dinar and the stability of the market, despite the decline in Iraqi oil exports to 10% of their previous level due to the Strait of Hormuz crisis .
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MONETARY STABILITY MAP: AL-ZAYDI’S ADVISOR REVEALS THE TRUTH ABOUT REMOVING ZEROS AND THE REASONS FOR THE SCARCITY OF SMALL DENOMINATIONS
The financial advisor to the Prime Minister put an end to the growing debate in Iraq, asserting that talk of removing zeros from the currency or the existence of a cash crisis is merely baseless rumor. While attributing the scarcity of small denominations to their rapid deterioration due to frequent circulation, he emphasized that the problem lies not in printing new currency, but rather in the way liquidity is managed and circulated within banks.
Zero Removal Project
The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, told Al-Alam Al-Jadeed on Wednesday (July 29, 2026) that “Iraq does not currently have any official indications or decisions regarding removing zeros from the Iraqi currency,” explaining that “this measure is part of a comprehensive monetary reform, and it cannot proceed except after creating a stable economic and financial environment and fulfilling the necessary technical and institutional requirements.”
He adds that “removing zeros, if implemented in the future, is a regulatory measure aimed at simplifying monetary transactions and accounting systems, and does not in itself result in an increase in the real value of the dinar or an improvement in the purchasing power of the citizen, because purchasing power remains linked to economic performance, production and financial stability.”
small denominations
Saleh explains the scarcity of small denominations of currency by their paper nature and high rate of circulation, which leads to their being damaged within a short period of time. He clarifies that this phenomenon is not related to a shortage in issuance, but rather to the characteristics of their daily use.
He points out that Iraq, unlike many countries that rely on coins for small denominations, still uses paper denominations, noting that the lifespan of these denominations does not exceed about one year according to international standards, due to the intensity of their use and their continuous transfer between hands, at a time when reliance on paper money remains high while electronic payment methods continue to grow.
The issue of small denominations of currency has resurfaced after increasing questions about the reasons for their scarcity in Iraqi markets, amid ongoing debate about cash liquidity management and mechanisms to meet daily trading needs.
Printing a new currency
Saleh believes that “it cannot be said that Iraq is suffering from a shortage of money supply in the sense that necessitates printing new currency, as the Central Bank has the ability to provide cash in accordance with the needs of the economy, and the size of the currency issuance is linked to specific technical and economic factors.”
He continues, “The most prominent challenge is managing and distributing liquidity efficiently within the banking sector, in addition to encouraging banking and electronic transactions to reduce hoarding outside the banking system and improve the efficiency of cash circulation.”
Saleh emphasizes that “issuing a new edition of currency is not just a technical decision, but rather an integrated process that requires a careful study of monetary needs, costs, and the characteristics of the new currency, as well as coordination between the Central Bank and relevant government agencies.”
The Prime Minister’s financial advisor points out that “no official announcement has yet been issued regarding the adoption of a new currency issue, which means that any steps in this direction remain subject to the monetary authority’s assessments and market needs, and are not related to the existence of a currency crisis. What is being raised in this regard is based on statements issued by non-specialized sources.”
Official assurances
Amid growing talk of liquidity pressures and delays in releasing some salaries, governmental and parliamentary assurances emerged that the current crisis is temporary and does not represent a structural flaw in the economy, coinciding with moves to address financial obligations, complete the preparation of the draft general budget, and initiate legislative reforms related to public finance management.
The parliamentary finance committee affirmed that the government possesses the necessary tools and capabilities to overcome the current stage, noting that the financial pressures came as a result of regional economic repercussions and a decline in oil exports, but they do not amount to a structural crisis, and that the government measures aim to contain the immediate challenges while continuing to implement the economic reform path, and ensuring the continuation of government obligations, foremost among them the salaries of employees and social entitlements.
Regarding the issue of salaries, the Finance Committee reassured employees about their entitlements, explaining that any delay in releasing salaries is due to an emergency and temporary shortage of financial liquidity, and that the concerned authorities are working to address it within a short period.
Jamal Kojar, a member of the parliamentary finance committee, said in a press statement followed by “Al-Alam Al-Jadeed” that the government places the issue of salaries among its priorities, expecting the disbursement procedures to be completed before the end of the week, and pointing out the readiness of the Ministry of Finance to work during Friday and Saturday to complete the necessary administrative orders and expedite the arrival of entitlements and prevent any further delays.
2026 Budget Project
In parallel, the Finance Committee revealed that the government intends to send the draft general budget law to the House of Representatives during the month of October, with the parliament to begin discussing it as soon as it arrives, with the aim of approving it before the end of the year. This step aims to provide a more flexible financial framework to deal with fluctuations in oil prices, given the continued heavy reliance of the Iraqi economy on oil revenues to finance public spending and government projects.
Between temporary liquidity pressures, preparations for budget approval, and the move towards new legislative reforms, the next stage appears to be a test of the ability of financial institutions to turn promises into practical measures, since the success of resource management will not be measured only by the speed of salary disbursement, but also by the extent to which the state is able to build a more stable financial system that is less affected by fluctuations in oil revenues.
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HOW LONG CAN IRAQ RELY ON THE CENTRAL BANK’S RESERVES, MONEY-PRINTING SCHEME TO SURVIVE?
For four months, despite an 83 percent decrease in its revenue, Iraq has still been able to cover its monthly expenses; above all, seven trillion Iraqi dinars (about $5.3 billion) for wage earners, including the Kurdistan Region.
It is true that the delayed return of oil revenue through the national marketer’s mechanism, the State Organization for Marketing of Oil (SOMO), resolved some of the imbalance between revenue and spending during the ongoing war, but what has sustained the Iraqi government financially is the Central Bank of Iraq (CBI) by introducing 43 trillion dinars (about $32.6 billion). This was done by injecting newly printed money and reducing the reserves it had accumulated over two decades.
According to data from the federal oil ministry and SOMO, the combined oil revenues of Iraq and the Kurdistan Region over the past two months still do not reach one-third of a single pre-war month’s revenue.
Data shared by SOMO show that in May and June 2026 (61 days), total revenue stood at $2.33 billion, whereas in just the 28 days of February, it was $6.8 billion. This is despite the fact that 17 to 24 percent of the revenue reported by SOMO goes to foreign companies operating in Iraq. In other words, over the past two months, Iraq had approximately 2.5 trillion dinars (about $1.9 billion) in oil revenue, but its monthly expenditure was seven times that amount.
Since the beginning of the Iran war in late February, the question that constantly arose was whether the Iraqi government would be unable to cover its expenses, particularly salary expenses, due to the decrease in oil exports and revenue, but now the government is distributing salaries for July 2026. How did this happen, and where did the money originate from?
While many questions linger, four stand out:
1.How can Iraq sustain expenses where 90 percent goes toward operational costs and salaries without sufficient revenue?
2.Why has the dinar appreciated against the US dollar despite increased liquidity injection?
3.Can Iraq live off its foreign reserves, and for how long?
4.To what extent can it continue printing dinar currency (from 50,000 to 250 dinar notes) for the market?
Expenditure amid appreciation
In the first half of this year, Iraq’s monthly expenditure roughly mirrored that of last year. Finance ministry data puts total expenditure for the first five months at 46.69 trillion dinars (about $35.35 billion), projected to reach approximately 55.56 trillion dinars (about $42.07 billion) over six months – on par with the 56.7 trillion dinars (about $42.92 billion) spent in the first half of last year.
In contrast, total revenue for the first six months of last year stood at 62 trillion dinars (about $46.94 billion) – 57 trillion oil (about $43.15 billion), five trillion non-oil (about $3.79 billion) – whereas in the first half of this year, it barely reached approximately 35.56 trillion dinars (about $26.92 billion) – roughly half of last year’s figure.
Iraq sustained these expenses by utilizing reserves, issuing new currency into circulation, cutting operational and investment spending, and attempting to recover billions of dinars and millions of dollars hidden in barrels, cans, walls, and pits – as seen in Operation Dawn and the case of Adnan Al-Jumaili, former deputy oil minister for refining affairs, who was awarded “Best Manager of the Year” by the former Iraqi prime minister and oil minister just last year.
The answer to the second question – why the dinar has appreciated against the US dollar despite increased liquidity injection – is simple: the Iraqi dinar does not maintain a standard direct relationship with the US dollar, nor does Iraq’s currency market react rapidly to bank interest rates and market shifts like Turkey or Iran. Instead, the CBI directly sets and maintains the exchange rate.
By standard economic metrics, injecting excess dinars without backing from production and GDP growth should weaken the currency. However, as observed recently, the dinar’s value against the dollar appreciated rather than depreciated.
Statistics show that at the end of last year, total currency printed by the CBI was 99.79 trillion dinars (about$76.14 billion) – 92.56 trillion held in banks, 7.24 trillion outside. By May end, total printed currency reached 113.56 trillion dinars (about $86.66 billion) – 6.75 trillion in banks, 106.8 trillion in circulation outside. Over the first five months of this year, the CBI injected an extra 2.75 trillion dinars (about $2.1 billion) per month. Consequently, the exchange rate dropped from above 157,000 dinars to 149,500 dinars per $100.
Moreover, CBI figures through July 2 show that the US had not sent any cash dollars to Iraq this year, causing foreign cash reserves at the Bank to drop to $84 million before rebounding to over $500 million. By July 16, cash reserves stood at $319 million – meaning the US sent only a single shipment of $500 million in physical cash to Iraq up to mid-July 2026.
Ultimately, what moves the dollar-dinar market is big merchants and capitalists holding massive reserves of both currencies accumulated over the past two decades, rather than basic supply-and-demand laws or CBI monetary policy alone.
Monetary expansion risks
Iraq’s foreign currency reserves have experienced major ups and downs over the past two decades, continuously rising and accumulating until late 2022. At the beginning of 2014, it reached 90 trillion dinars (about $68.49 billion), later dropping to 50 trillion (about $38.05 billion) due to the war on the Islamic State (ISIS), rising to 80 trillion (about $60.88 billion) before COVID, and dropping to 64 trillion (about $48.70 billion) during the COVID era.
At the beginning of 2023, it reached 150 trillion dinars (about $114.14 billion), and now (July 16, 2026) it has dropped to 102.5 trillion dinars (about $78 billion).
Over the past six months or so, since late January through July 16, reserves have dropped by 29.4 trillion dinars (about $22.37 billion) – falling from 131.89 trillion (about $100.36 billion) to 102.5 trillion. If Iraq receives very low income, it can rely on its reserves for at most six more months. Reserves cannot be drawn down to zero; dropping below half of their current level signals national insolvency.
Furthermore, 29 trillion dinars (about $22.07 billion) of these reserves consist of gold – whose value keeps fluctuating with world market prices (losing 6.4 trillion dinars, or about $4.87 billion, in value this year) – while the rest is tied up in financial bonds, which have decreased by 20 trillion dinars (about $15.22 billion) since the start of the year as funds were drawn down.
The CBI’s financial system requires money printing to be backed by labor, production and services – areas where Iraq faces severe structural deficits. Over the past six months, the CBI expanded the currency supply by approximately 13.7 trillion dinars (about $10.43 billion).
The only dangerous consequence of printing money without domestic product (GDP) growth is rising inflation; on April 1 of last year the rate was 0.4 percent and on April 1 of this year it reached 4.7 percent, while last month it reached 3 percent.
If currency printing continues without output-backed revenue, inflation will enter double digits. Commodity price controls will collapse, pushing poverty, unemployment, and financial hardship higher while further undermining real GDP growth.
Iraq’s revenues and expenditures in the first half of this year were severely unbalanced. However, the CBI bailed out the government and prevented a liquidity crisis by injecting 43 trillion dinars (about $32.56 billion) into circulation – raising printed currency from 99.79 trillion (about $75.56 billion) to 113.56 trillion dinars (about $85.98 billion) while depleting reserves from 131.89 trillion (about $99.86 billion) to 102.5 trillion dinars (about $77.61 billion).
The budget deficit was covered by printing money and eroding reserves – not through structural reform, revenue diversification, operational cost cuts, productive sector activation, or recovering the trillions lost to corruption.
Iraq can likely limp along to the end of this year, however, what it will do next year remains to be seen.
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AL-YASSIRI: THE NEXT PHASE WILL WITNESS A QUALITATIVE SHIFT IN THE MANAGEMENT OF THE INVESTMENT PORTFOLIO.
The head of the National Investment Commission, Adel Dakhel Mohammed Al-Yassiri, began his duties as head of the commission on Sunday, stressing that the next stage will witness a qualitative shift in the mechanism for managing the investment file in Iraq. The commission stated in a statement received by Al-Maalomah Agency that “Al-Yasiri held a meeting immediately upon assuming his duties with senior staff and general managers, during which he reviewed the progress of work on existing investment projects and the challenges facing their implementation.”
He added that “investment represents a fundamental pillar in the state’s new strategic vision, as it is the main driver of economic development and diversification of income sources, noting that the government is working to create an attractive investment environment based on transparency, the rule of law, simplifying administrative procedures and reducing bureaucracy.”
(Mnt Goat: I find it funny to read this last paragraph because foreign investment has ALWAYS been the fundamental pillar in the state’s strategic vision. It is nothing new. I don’t know why they do this. They spark up hype for an issue that has been a long-standing issue. This investment money push has had article after article for it during the last 15 years. How many investment forums have they had? I only hope now they take it seriously and address the OTHER ISSUES HINDERING IT from coming to reality, like the Iranian threat and the corrupt people like Nouri al-Maliki in their government.)
He indicated that “the next phase will focus on launching major strategic and developmental projects that contribute to developing infrastructure and providing thousands of job opportunities for young people in various governorates, thus strengthening the goals of sustainable development and restoring Iraq to its position as a major investment destination in the region.”
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WHY HAVE SMALL DENOMINATIONS DISAPPEARED FROM THE MARKETS? AL-ZAYDI’S ADVISOR REVEALS THE REASONS.
(Mnt Goat: Again they are NOT talking about the newer smaller denomination that we want as part of the Project to Delete the Zeros.)
The Prime Minister’s financial advisor, Mazhar Muhammad Salih, revealed on Wednesday the reasons for the scarcity of small denominations of currency in Iraqi markets, stressing that this is mainly related to their paper nature and the high speed of their circulation, which leads to their deterioration within a short period of time.
(Mnt Goat: Oh…. what happened to the hording issue he talked about not too long ago for a reason. He said it in a past article.)
Saleh told Shafaq News Agency that issuing currency in its various denominations is one of the core tasks of the Central Bank of Iraq, which is responsible for managing the currency and providing the necessary liquidity to meet the needs of economic activity and ensure the smooth flow of payments and the stability of cash transactions.
He explained that small denominations of currency represent the primary tool for conducting low-value daily transactions, which makes them the most commonly traded among citizens and markets, and therefore the most susceptible to wear and tear.
Saleh added that Iraq, unlike many countries that rely on coins for small denominations, still uses paper denominations, noting that the lifespan of these denominations does not exceed about one year according to international standards, due to the intensity of their use and their continuous transfer between hands, at a time when reliance on paper money remains high while electronic payment methods continue to grow.
He pointed out that the Central Bank has accurate indicators and statistics to measure the demand for different denominations of currency, and it is the first entity to sense the market’s need to issue or reprint any denomination, especially the small denominations, which are characterized by their rapid circulation compared to the large denominations, which tend to be more towards saving or hoarding.
The government advisor concluded his remarks by saying that “providing small denominations is not just about issuing currency, but also represents one of the indicators of efficient cash management, and contributes to ensuring the smooth flow of economic activity and the stability of the payments system,” stressing that “these denominations are continuously monitored by the Central Bank of Iraq.”
Iraqi markets are experiencing ongoing suffering due to the scarcity of small denominations of currency, such as 250 and 500 dinars, which puts citizens and shop owners in front of frequent difficulties in completing daily buying and selling transactions.
Sellers often resort to compensating for the shortage by giving alternative goods such as gum, tissues, or sweets instead of returning the change as in the markets, while others are forced to round up or down prices, which provokes consumer dissatisfaction.
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AL-ZAYDI AND ERDOGAN AGREE TO BEGIN IMPLEMENTING THE “DEVELOPMENT ROAD” AND TO ORGANIZE MEETINGS OF THE “WATER COMMITTEE”.
Iraqi Prime Minister Ali al-Zaidi and Turkish President Recep Tayyip Erdogan agreed on Tuesday evening to begin implementing the “Strategic Development Road” project and to continue regular meetings of the joint standing committee between the two countries concerned with the water issue.
Al-Zaydi’s media office stated in a statement received by Shafaq News Agency that extensive joint talks took place between the two sides at the Presidential Complex in the Turkish capital, Ankara, which included initiating the implementation of the “Strategic Development Road” project, as well as files related to the oil, water, energy, security, trade, transportation and education sectors, and strengthening cooperation and developing projects between the two countries, in addition to agreeing on the regularity of meetings of the Standing Committee concerned with the water file.
According to the statement, Al-Zaydi expressed his thanks and appreciation to Erdogan and the Republic of Turkey for the warm welcome and hospitality, noting that Iraq and Turkey share geography and civilization, and that the Iraqi government seeks to establish an effective economic partnership in various economic and developmental fields.
The Prime Minister affirmed the government’s commitment to proceeding with the strategic development plan, which will be an important economic route for both countries, and reiterated the government’s desire for Turkish companies to participate in implementing investment projects in Iraq.
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AL-ZAYDI: “THE DEVELOPMENT ROUTE” TRANSFORMS IRAQ AND TURKEY INTO A LINK BETWEEN ASIA AND EUROPE
Prime Minister Ali al-Zaidi affirmed on Tuesday that the vital development road project transforms Iraq and Turkey into a link connecting Asia and Europe, while also calling for joint management of the water issue between the two countries.
In an article for the official Turkish news agency Anadolu, Al-Zaydi wrote that “during the past decades, the relationship between Iraq and Turkey was presented from the angle of files that need management: security, water, trade, and border movement,” indicating that the region “stands today before a different opportunity, which requires us to look to the future with a more ambitious eye.”
He added that “Iraq has chosen the path of stability, reform and development, and has prioritized building a strong economy, an effective state, and balanced foreign relations that make regional cooperation a pillar of growth,” stressing that Turkey “possesses an advanced industrial base, a strategic location, and extensive experience in the fields of infrastructure, energy and transportation.”
Al-Zaydi said that “the potential of the two countries together is not just shared borders, but a wide space to build one of the most important economic partnerships in the region,” noting that “Iraq and Turkey have a historic opportunity to transform their geographical location into economic value, making them a link between the Gulf, Asia and Europe.”
He pointed out that “the development route is not just an Iraqi project, but a regional one that redefines the concept of economic connectivity in the Middle East,” explaining that “the development route not only shortens the time for transporting goods, but also creates new cities, industrial zones, investment opportunities, thousands of jobs, and gives the region a new economic artery that connects ports to global markets.”
In April 2024, Iraq, Turkey, the UAE and Qatar signed a four-way agreement for the Iraq Development Road project, under the auspices of former Prime Minister Mohammed Shia al-Sudani and Turkish President Recep Tayyip Erdogan.
The project, which includes a 1,200-kilometer road and railway within Iraq, aims to promote economic integration between East and West, increase international trade, and facilitate the movement of goods.
The project’s investment budget is approximately $17 billion, divided between $6.5 billion for the highway and $10.5 billion for the electric railway. It will be implemented in three phases, ending in 2028, 2033, and 2050.
The project is expected to provide around 100,000 job opportunities in the first phase and one million job opportunities upon completion, and will promote economic growth and regional and international cooperation.
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THE DEMOCRATIC PARTY: TEHRAN REJECTED BAGHDAD’S REQUEST TO ALLOW SHIPS CARRYING IRAQI OIL TO PASS THROUGH THE STRAIT OF HORMUZ.
A politician from the Kurdistan Democratic Party confirmed on Tuesday that Tehran rejected Baghdad request allowing ships loaded with Iraqi oil to pass through Strait of Hormuz.
Party member Wafaa Mohammed told Alsumaria News, that “Iran Iraq’s request to allow ships carrying Iraqi oil to pass through was rejected. Strait of Hormuz “Is this how you repay kindness?” he asked.
He added that Iraq It was the lifeblood of the Iranian economy and provided significant assistance to Iran during the sanctions. Iranian oil was sold using forged Iraqi documents, yet today we see no benefit from the Iranian side, which is currently insisting on Iraq paying $12 billion for Iranian gas at inflated prices.
He continued, “We mustn’t forget that Iraqi interests have been targeted repeatedly by Iranian drones and missiles in the Strait of Hormuz.”
(Mnt Goat: looks like the tide is turning on Iran from all directions. Now Iraq. The leaders of Iraq are finally speaking out against Iran. This is a VERY promising news for us. We need Iran out of Iraq.)
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AL-SHAMMARI CALLS ON AL-ZAYDI TO REVEAL THE NAMES OF THE “CORRUPTION KINGPINS” INVOLVED IN STEALING PUBLIC FUNDS.
On Tuesday, MP Mohammed Al-Shammari, from the parliamentary services bloc, called on Prime Minister Ali Al-Zidi to reveal the names of the “corruption kingpins” involved in looting and stealing public funds.
Al-Shammari told Al-Maalouma News Agency that “the Prime Minister must take bold and direct steps in the fight against corruption, by announcing the identities of the entities and individuals involved in major cases to the public.”
He added that “delaying the disclosure of these names gives corrupt individuals an opportunity to evade responsibility,” stressing the importance of “public accountability and the recovery of looted funds to support the national economy and enhance citizens’ confidence in the regulatory and executive system.”
These statements coincide with escalating popular and political calls directed at the Prime Minister to expand the government’s anti-corruption campaign to include opening major cases and removing corrupt figures in order to end the chronic crisis plaguing the country.
(Mnt Goat: looks like the tide is turning on Iran from all directions now the corruption clean up has begun. Can they keep it going or is it just a temporary show for the U.S. and Trump? Now Iraq. The leaders of Iraq are finally taking action not just words against the corrupt in Iraq. When will they go after Maliki and his gang of thugs?)
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CONGRESS COMMENTS ON THE BOMBING OF THE POPULAR MOBILIZATION FORCES: WE FUND THE IRAQI GOVERNMENT AND IT PAYS SALARIES TO THE MILITIAS.
US Congressman Senator Joe Wilson commented on Wednesday (July 29, 2026) on the US-Saudi bombing of Popular Mobilization Forces (PMF) headquarters inside Iraq, saying that the support provided by the United States to the Iraqi government, which pays salaries to the PMF, must stop, especially after US forces were subjected to attacks by Iraqi militias supported by Iran, in an indication of the PMF’s involvement.
He also praised the inclusion of a clause in the National Defense Authorization Act in the US Congress to cut off funding to Iraq unless the government “disarms all Iranian-backed militias.”
(Mnt Goat: WOW! WOW! WOW! for this last paragraph statement.)
The National Defense Authorization Act, passed by Congress on June 22, is awaiting approval from the US Senate. Then, the House of Representatives and the Senate must reach a unified and consolidated version of the law, and finally, it must be signed by US President Donald Trump for implementation.
Wilson stated in a blog post, which was followed by 964 Network , that “the United States provides funding to the Iraqi government, which pays the salaries of the Popular Mobilization Forces, while Iranian-backed militias launch attacks on American forces, and this must stop.”
He continued: “I am grateful that the National Defense Authorization Act (NDAA) in the House of Representatives included the provision I proposed to cut off funding to Iraq unless the government disarms, demobilizes, and reintegrates all Iranian-backed militias.”
This comes after the US Central Command announced, at dawn on Wednesday (July 29, 2026), that it had carried out joint airstrikes with the Saudi armed forces against sites of “Iranian-backed militias” across various areas in eastern Iraq, saying that this was in response to more than 30 drone attacks that struck Saudi Arabia during the past 72 hours.
(Mnt Goat:; Don’t you find it hypocritical how Iran can tell every other country they can provides air space or bases for the US operations against them however they are using in Iraq, Iranian occupied bases with militias to conduct attacks on other countries surrounding Iraq. Simply put I have been saying this all along. Why does Iran get a pass and the U.S. is always subject to all the criticism? Now we are seeing the tide turn, finally and Iran is being pushed out of Iraq and the truth is coming out thanks to U.S. Wilson.)
Riyadh then confirmed the US military statement shortly afterward, announcing its participation in the attacks inside Iraq, stressing that it “does not want escalation.” Amid this, media outlets circulated images of bombings of camps said to belong to the factions on the borders of Iran and Basra, as well as several cities in Wasit, Karbala and Nineveh.
This is the first admission of Saudi participation in striking Iraq since the Second Gulf War in 1991, when it participated in the international coalition to expel Saddam Hussein from Kuwait. Riyadh has been known for its high level of restraint, and it is believed that its announcement of participation in the attack will have significant repercussions, especially with the expectation of a visit by Prime Minister Ali al-Zaidi to Saudi Arabia very soon.
The Saudi Ministry of Defense announced that its forces, in coordination with the US Central Command, carried out targeted strikes against “militia” targets linked to attacks on oil facilities in the Eastern Province and Riyadh.Saudi Arabia has confirmed that it is not seeking escalation, but will respond to any aggression it faces.
Eyewitnesses told Network 964 that the strikes targeted sites in four Iraqi provinces: Karbala, Basra, Nineveh, and Wasit, in the first direct Saudi strike inside Iraq since the Iraq War under Saddam Hussein.
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WASHINGTON BEGINS WITHDRAWING ITS LAST TROOPS FROM IRAQ AND KURDISTAN, ENDING ITS MILITARY PRESENCE.
A report published by Al-Monitor on Saturday (August 1, 2026) revealed that the US military has begun implementing the final phase of its military withdrawal from Iraq by withdrawing its last remaining forces in the Kurdistan Region, along with air defense systems and related military equipment, in a move that represents the conclusion of the plan to end the US military presence in the country.
The report, which was followed up by “Baghdad Today”, stated that the withdrawal includes forces stationed in bases within the Kurdistan Region, which represented the last American military presence after the completion of the evacuation of bases located within the areas under the control of the Iraqi federal government at the beginning of this year.
In September 2024, Baghdad and Washington announced an understanding to end the mission of the international coalition in Iraq and move to a bilateral security relationship, with Iraqi forces taking full control of the Ain al-Asad base in Anbar after the withdrawal of US forces from it. The Iraqi Ministry of Defense also announced the completion of the evacuation of bases located within federal areas.
(Mnt Goat: By the way we were just told less than a month ago about this deal to end the coalition mission inside Iraq. So, this deal was made 2 years ago? Just do you know.)
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AGREEMENT TO OPEN A NATO MISSION OFFICE IN BAGHDAD
National Security Advisor Qasim al-Aboudi and the commander of the NATO mission in Iraq, Lieutenant General Ramon Armada, agreed on Sunday to open a NATO mission office in Baghdad.
The media office of the National Security Advisor said in a statement received by Al-Mirbad that “National Security Advisor, Qasim Al-Aboudi, received today, Sunday, a call via closed-circuit television from the commander of the NATO mission in Iraq, Lieutenant General Ramon Armada.”
He added that “during the call, ways to reduce escalation were discussed, and the need to reach solutions to the recurring crises in the region was emphasized through dialogue and diplomatic channels. Ways to continue NATO’s support for the Iraqi armed forces in the areas of consultation, training, and exchange of information and expertise were also discussed.”
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“I WILL LEAVE IF I REMAIN SHACKLED”… AL-ZAYDI’S RESIGNATION SHAKES THE COORDINATION FRAMEWORK, AND THE WEAPONS ISSUE IGNITES THE CONFRONTATION.
(Mnt Goat: This is a love / Hate article. You have to love al-Zaidi is what he is trying to do but at the same time if he resigns that creates a mess for us and any real progress soon. You need to read the article below to see why he is feeling this way. Who is pressuring him to act a certain way? Does he have the power he wants and needs to make the significant changes that need to happen?)
In a remarkable political development, sources within the coordination framework, as reported by Al-Araby TV and followed by Al-Mustaqilla, revealed an escalating, undeclared crisis between Iraqi Prime Minister Ali Faleh al-Zaidi and the political forces supporting his government, reaching the point of hinting at the option of resignation.
(Mnt Goat: Oh….. could it be al-Zaidi is ruffling some proverbial feathers in his fight against corruption in Iraq? Finally someone willing to stick his head out and risk it. We see this too in the U.S. as many democrat politicians hate Trump for what he is doing to clean up their corruption in politics in the U.S. Yes many parallels to the U.S. between these two countries.)
According to the sources, Al-Zaydi expressed his dissatisfaction with the lack of response to his vision on a number of crucial issues, stressing that the continued obstruction of his government’s decisions may push him to take a decisive political stance.
These developments put the Al-Zaidi government in front of one of its most difficult crises since its formation, as the dispute is no longer about administrative details or differences in viewpoints, but rather about the nature of the security and sovereign decision and who has the final say in state matters.
1.The weapons issue: the flashpoint between al-Zaydi and the factions
According to the information circulating, the issue of restricting weapons to the state has become one of the most prominent causes of tension, after some factions did not respond to the Prime Minister’s directives regarding reorganizing the status of weapons and armed forces under the official state framework.
Observers believe that this issue represents the biggest test for al-Zaydi, as any attempt to redefine the relationship between the state and the factions will clash with complex political and security balances that have formed over the past years.
2.The unity government faces a moment of truth
The current escalation points to a deeper crisis within the Iraqi political equation, where the Prime Minister finds himself facing a difficult dilemma: either to proceed with implementing his program and strengthening the powers of the state, or to confront the pressures of the forces that contributed to his coming to power.
The al-Zaidi crisis raises a major question about the ability of Iraqi governments to make independent decisions on sovereign matters, especially when those decisions conflict with the interests of influential forces within the political and security landscape.
(Mnt Goat: but these same Iranian backed political leaders will always come and talk about protecting Iraq sovereignty when it comes to U.S. interference yet they and their policies are the ones threatening it’s sovereignty the most.)
3. A political resignation or a warning message?
Politicians believe that al-Zaydi’s threat to resign may be a pressure tactic to rearrange the rules of the relationship with his partners, but at the same time it reveals the extent of the tension within the coalition that leads the government.
If the crisis turns into an open confrontation, Iraq may be facing a new phase of political conflict, the title of which is: Who has the final say… the government or the forces behind it? The coming days will be crucial in determining whether al-Zaidi’s threat is merely a bargaining chip, or the beginning of a political crisis that could redraw the map of power in Baghdad.
(Mnt Goat: I just want emphasize we may end up with yet more political turbulence in the near future inside Iraq as this plays out. Let’s remember this article and what it just told us.)
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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.
Auf Wiedersehen
Much love to ya all,
Mnt Goat
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