I bring you much news today.
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.
Going on 10 years now, I have taken my own time from my gasthaus business to research and document findings about the revaluation and reinstatement of the Iraqi dinar. At this time more than ever I do not need to spend my time babysitting and holding your hand in this investment. I do it out of charity and love with understanding that all of us do NOT have the time to go do our own research. We are busy with our jobs, our daily lives and raising our children. So, I try to help out. But remember I too am very busy in my daily life of running a gasthaus (bed and breakfast) and trying to make ends meet. I am no different yet I take the time out each day to complete the task of my newsletter for you. I do not need to do it, as I know the information before you get it.
So, please be generous but only if you can afford it and remember to give. I suggest $5-$10 a month but you decide. Even $1.00 would be helpful. Whatever you can afford will be helpful in this time of Covid where nearly 80% of our business is now gone due to travel restrictions.
Those who give to the poor will lack nothing, but those who close their eyes to them receive many curses.
DEPUTY REVEALS FOREIGN AGENDAS SEEKING TO OVERTHROW THE GOVERNMENT
A member of the House of Representatives, Suhaila Al-Ajrash, confirmed today, Wednesday, the existence of foreign agendas seeking to bring down the government through the economy file, while the government’s stance against the dollar mafias was considered a “bold” step.
Al-Ajrash said, in an interview with Al-Maalouma Agency, that “the recent government measures in the issue of decreasing the dollar were positive,” considering that “Al-Sudani’s stand in the face of the dollar mafias is courageous and daring.”
She added, “The period of the former central bank governor Mustafa Ghaleb was one of the worst periods and the policy he followed was far from the law,” noting that the latter “has proven to be incompetent from the first day of his assumption of the position.”
And the member of the House of Representatives explained, “The rise in dollar prices is an organized process and came to bring down the Sudanese government,” stressing that “the existence of foreign agendas seeking to bring down the government, as was the case with the government of Abdul-Mahdi.”
Al-Ajrash stated, “We will not allow the scenario of Adel Abdul-Mahdi’s government to be repeated, and the Sudanese must be given an opportunity to resolve the exchange rate crisis.”
THE OVERTHROW OF SPECULATORS AND THE STREET GIVES THE CENTRAL BANK A WEEK TO SAVE THE DINAR
Baghdad – Qusay Munther
Protesters gave, during mass demonstrations in front of the Central Bank building on Al-Rasheed Street in central Baghdad, the new governor, Ali Al-Alaq, a week to save the dinar from collapsing.
The demonstrators, who were met by the security forces of the law enforcement forces, withdrew after handing over their demands to the bank’s administration.
The demonstrations started yesterday morning, starting from Al-Rusafi Square, and extended to the depth of Al-Rasheed Street, opposite the Arab Market, where the bank building and the government banking complex are located.
Eyewitnesses said that (the organizing committee for the demonstrations called on the protesters to withdraw after sending a delegation to the new governor to propose solutions with a specific time limit of one week to save the dinar from collapsing).
During the protest, the demonstrators demanded an end to speculation in the exchange rates of the dollar, and urgent economic measures to be taken to restore the exchange rate of the dollar within the official context and to hold the corrupt accountable.
(Like I have been saying and many other intelligent people also said , these dinar rates at even 1166, 1450, etc. are NOT acceptable. The true rate is being suppressed. There is a difference between the wording of “value” and “rate”. The value of the dinar never left the dinar since it is based on the oil they are pumping. If fact they are pumping almost 2/3 more since Saddam Hussein’s day. Plus, there is a huge CBI reserve $100 billion + and almost 38 ton stockpile of gold. So, to think they have to rehabilitate and grow their economy first to RV to the rate we are looking for is very, very foolish and anyone telling you this is foolish. Ok so maybe this is a policy the somehow Iraq transitioned into but who changed the thinking?
This is Barrack Obama’s new plan not G.W Bush’s or Dr Shabibi’s for Iraq’s. Obama does not want the dinar to ever revalue or reinstate to FOREX. The deep state globalist, to which Obama fully supports, now under Biden administration too are attempting to bankrupt the US so they can put in place the CBDC (see video below). Why would they want you to have all this money? Get it? Oh…you say conspiracy? Yes, yes, yes and I have been shouting this for years now. They are artificially suppressing the rate. Get it? Do you see it now?
The value is presently in the dinar. It is in the oil alone, get it. The rate does not reflect the true value. Yes, if they grow their economy to greater heights, the value and thus the rate should then reflect the increase and go even higher. Is this what the citizens of Iraq now want? I certainly hope they won’t settle for anything less than a true rate reflecting the true value of the dinar…and this does not include 1450 or even 1166 or any other fake rate. The QFS is now showing way over $3. With a strong economy later, it could reach highs of up to $16. But we need to look at where it should be right now and not in the future. Get it?)
STATUS OF THE RV
So, we had some “WOW” news this week with the inauguration of Ali Alaq as the director of the Central Bank once again. No, he is absolutely not in a proxy position as some intel gurus are now telling you. Get your FACTS straight or shut up! . His job is permanent until they want to let him go….again…. lol..lol..lol.. We must stop for a moment and ask the significance of this move by Al-Sudani to appoint Ali Alaq back as director. What was Ali Alaq’s efforts toward the currency reform of the dinar? If you read my past Newsletters, you can see that he was very ambitious and wanted to bring back the prestige of the dinar. His credentials in this matter are sited as second to none compared to Dr. Shabibi and other financial analysts working in the IMF. What can we expect from Mr. Alaq in the near future?
After he gets situated in his seat again at the helm of the CBI, he will have to be briefed on what has been taking place since his departure. I believe we can expect the same sort of communication to the people that we had in the past about where we stand with the project to delete the zeros and any move to go international and follow the White Paper plan or Al Sudani’s new plan (which is still essentially the same White Paper plan). This will probably take place in a week or two.
Ali Alq’s first challenge will be get the inflation under control and work with the US. He has already told us in 2020 that he did not support the devaluation of the dinar to 1450 that took place. He said there were other measures that they could have implemented with less effect on the average citizen and economy. So, this gives us a hint as to where he is coming from since he is more experienced in his field.
No, the RV did not yet happen and I know there are lots of current rumors that the US Treasury is planning something for the next couple days. But we have heard these rumors again and again. I am also so sick and tired of banks being notified. Banks don’t get notified, get it! This would be called “insider trading”. The US Treasury is not going to notify the banks prior to a rate change of any of the currencies. Yes, the QMF does show a new rate for the IQD and it was $3.80 last time I checked. But this does not mean this is the rate they will necessarily show on FOREX. In fact in reality it should be the rate but because of other criteria the US Treasury along with the IMF may decide to initially go with a smaller rate closer to a dollar. Anything can happen in the heads of these guys we really don’t know for sure. Do I think we are close?
How many times have I thought we were very close, yet there is always something that stops it. I am not one of these stupid gurus who calls it every week. Over the years we witnessed these events that seemed to prevent the reforms from going forward. Events like the takeover of the Central Bank by Nori al-Maliki and ousting of Dr Shabibi 2012-2013. Then the war on ISIS 2014-2017and then this effort seemed to go into limbo for a few years. What really happened after ISIS was defeated? Why did they not complete the reforms?
Oh, if you remember an election was run after ISIS defeat and the Iranian backed prime minister Adel Abdul-Mahdi’s was elected in place 2018. We also witnessed a massive set of sanctions put on Iran during the Trump administration 2017-2019. This enticed Iran to ramp up its corruption schemes in the currency auctions. Also don’t forget that the Iranian backed Kud forces militias were left in place after the ISIS defeat and forced many of the districts to hire themselves over the Iraqi citizens. This too eventually has to be addressed. Then there was the pandemic of 2020 that led to low oil prices. Instead of draining the Iranian swamp they were busy draining the Iraq coffers. Yes, the years ticked by and here we are today….. 2023.
During the Kazemi caretaker government, the US Treasury came into Iraq to set up an electronic platform to audit the currency auctions. This was months before Al-Sudani was elected as the new prime minister. At that time we heard about the training process at the banks and now we see the full implementation of the new platform and the effects of using it.
Oh…. yet these Iranian backed politicians don’t like what is going on and will slander and lie about the US and why they are doing it. So, the results so far are very good and the currency auctions amounts have dropped significantly back to almost normal levels, levels we have not seen since the currency auctions first started.
We can be assured, in part, that the current cleanup efforts of the Iranian corruption will ultimately lead to the reinstatement, and this may be the final story to this ongoing saga.
So, over the years many of you reading my blog Newsletter have kept asking what the hold up was for the RV. I, in return kept telling you they needed to end the corruption and so we are now witnessing a large part of this effort. What more good news do you want?
But one issue I will elaborate on again is they certainly do not need to advance their economy any more than it is in order to support the rate we are now seeing in the QMF system. To move to yet another rate level in the future I would agree with many of the intel gurus namely Kaperoni on this issue. But his ideas are futuristic once they are already on FOREX. So, to say this today is irresponsible of him and we can see he does not fully understanding the situation in Iraq. Kap is forgetting about the assets that Iraq currently has such as the many newly drilled oil wells pumping over 2/3 more oil and now the new agriculture industry that Saddam did not have. Hey Kap….news for you. Iraq is no longer in sanctions and the 2003 gulf war is over.
Certainly, Iraq is much better position today than in 2003. What was the rate pre-1991 Iraqi war Operation Desert Shield ? It was well over $3.00. By 2003 we know the rate was already declining because of sanctions enforced for 10 years but it certainly was not 1/6 of a penny yet. This was all the work of the deep state and accusations of weapons of mass destruction which they knew damn well that the Israeli air force had already bombed and destroyed the nuclear site and ambitions of Saddam. But they still pushed for sanctions anyhow and the result was the selling of oil for food program. Yes, these economic hitmen had to tear Iraq apart. But why? But the sanctions are now lifted yet the currency is still in decline. So, anyone with even half a brain must ask why? How ridiculous to insult the Iraqis with such a rate. This is called intentional manipulation and not a free market economy by any means. Oh.. so why did they really go in and destroy Iraq and its economy in 2003? WAs it really over any nuclear ambitions of Iraq?
But there is much more to the Iraqi saga of the dinar. Did you ever hear of the “built back better” plan of the World Economic Forum (WEF) ? Well in order built back you first must destroy or tear down…..right? How do you destroy a country? The best way is through the monetary policy. They are attempting their best to destroy and keep Iraq suppressed. But why would they do this intentionally?
Oh…let me tell you something about the WEF. It will covertly work in countries and influence people, policies, support political leaders and even place their puppets in high level positions to drive events. They will tell you one thing to your face meaning something entirely different, only you interpret they “loving words” so differently. This is how they tear countries apart. Then they build them back with mandates, treaties and global laws that give them enormous levels of power over all aspects of our lives. This power and control then allow them yet to gain more and more until they ultimately can stay in power forever. There is not a democratic process in place only a pretense of it. They talk big about humanitarian efforts but where have they been for decades now, being given vast amounts of funding for these underdeveloped nations? Why have they not fed and housed the poor already? Why do charities like Eligah Streams have to drill water wells for hundreds of people to even have simple clean drinking water? Then the WEF herds these poor starving people into compounds starving them to death, taking away their homelands and indigenous ways of living off the land. To make it even worse their disrespect for life is shown even more by their greed to take the resources off these lands that they just migrated them off of. I can go on and on…but I rest my case. The research of how this satanic WEF organization along with the UN operate is all documented for your own research.
So, we see the same attempt to tear down Iraq playing out in Iraq since they stepped into Iraq under Nori al-Maliki support for his first election and joined up with Iran, a terrorist organization even back then. The WEF uses any organization or puppet that will help push an agenda on a country. In my last blog Newsletter dated 1/17, I gave you many links to these plans. Did you go read them? Why not?
These plans are their words not mine. I did not make up these globalist plans to fool you or justify some sort of conspiracy. If you have not done so already, please go and re-visit my Newsletter and check out these plans. But I warn you take some time to really read them and absorb what they are saying. You can match up all the bullshit we are now experiencing in our countries directly to these plans. It is undeniable that they want to rule the world.
If you want to know where all this corruption comes from and all this “woke” crap comes from, go read these plans. Yes, these are the plans of the WEF for us. This is how they want to build back countries better? No, not so much better, more like to their liking so they can ensure more control and more power and have it indefinitely without elections or the democratic process. Yes, “We The People” really don’t matter. We are just pawns and in the way.
As investors we should relax and know that the move to international status once again is inevitable for Iraq. This influence of the WEF on Iraq is real but will not last for long. No matter how much the deep state globalists would like to prevent it they cannot stop it indefinitely. If they hold it back any longer it will only mean more exposure to themselves to manipulate the world’s economies. It is right in our faces now.
Timing of the RV
In the midst of everything we see happening in Iraq still I know the overall plan and this is a plan for Iraq to return them to a global economic power for the middle east. We are still in January and the 2023 budget is not yet opened (heck it is not even passed yet) and so there is still plenty of time to see what will happen this year. Let us not lose hope. We must also continue our prayers. I can see God’s hand at work, can you?
So many are persistent on bashing me as to why I am pushing the exposure of corrupt politics in my blog. Why not just stick to updates on the RV, they claim?
My response to these comments is simple. Why not?
This political news I bring is not personal and like I said, I don’t care what your party affiliation, religion, race or nationality is. It all comes down to this – do you love your country and our fabric of life? Maybe you don’t and so that’s okay too. But if this is the case then GET THE HELL OUT OF OUR COUNTY and go live in one of these communist countries that you luv so much.
But if this is not the case, then you must choose a side. So, which side is it going to be? So, there is not much more to say to answer your question except to answer it with my questions:
“Do you really think that they are going to let you keep all this money, if it does RV and they do pull off this Central Bank Digital Currency”? If you read Biden’s executive order 14067 they plan on doing a bail-in which means sweeping accounts to fix the crashed economy that they intentionally created. Don’t tell me they can’t do it or that you will have you money protected because they will find ways to get it.
“What kind of world do you think it will be like afterwards, if these sinister WEF and UN unelected officials have their way in manipulating the world to their version of a One World Government” What good is all your money going to do for you without Freedom, Liberty and Justice? How long do you think you are going to have all this money, if this is the case? They will find ways to come after you and take it. Remember at this point they create all the laws not the US Constitution or Bill of Rights. Get it? So stop thinking you will be protected under the law when they make the laws or that they have the power and control to break them at will, as we already see playing out so this is all not too far fetched, is it?
So today on this issue of “too much politics” in my Newsletters let me play you a couple more videos today on this subject matter of what the WEF is up to. This is all so interconnected to our investment in the Iraqi dinar. If you can’t see it by now I can’t help you. I am so very sorry for you ☹.
Also, I need to keep explaining how the puppets in the US govt have already eroded our US Constitution and Bill of Rights towards this goal of a totalitarian and fascist style of government. It is not “if” it is coming but rather it has already begun. Can’t you see it?
If what we have experienced especially over these last 6 years is a taste of what is to come once these globalist have total power and control, I don’t want anything to do with it. They perpetrate a global pandemic and kill millions, they force immigration on nations in total disregard to sovereignty, push defunding police, organize riots in our streets, and corrupt our election process. Are these really the people you want to run the world?
I don’t know about you but my eyes are open. Maybe you better also take a better look in the mirror and decide just who’s side you are on. Take some time to do some research. Too lazy to do it? Then why are you not listening to those who have taken the time for you and are trying to inform you and help you see it?
They don’t call it a “ReAwaken” tour for nothing.
Yes, the modern day prophets too are a good source of information. In troubled times like we live today, God sends his prophets to help us.
Proposed Central Bank Digital Currency (CBDC)
Take a look for yourself. This effort by Biden is real. Executive Order 14067. The globalist elite banking cartel cannot execute a global wide digital currency without the US also going along with it since the US Dollar is now the global exchange currency. Joe Biden, the puppet, seems to be going along with the WEF’s plan for the CBDC. In proposed plans like for more control we must think this through as citizens that will have to live with this every day. So, lets take a few minutes to ask some very important questions, they questions that need to be asked:
1.Is this new CBDC controlled by the Central Banking cartel essentially run by the elitist globalists?
2.I thought we needed to move to less government control over our lives and not more?
3.I thought we wanted a new financial system since the one we have today is so corrupt? Won’t this CBDC cause yet more of the same corruption? As citizens and consumers lose more than we gained. So why do it? What is their real purpose?
2.How much of your financial privacy is going to be given up in the hands of these bankers?
3.Do you want your spending habits used to market you? Don’t we already get enough junk mail and internet popups and commercials?
4.Do you want a micro-chip inserted under your skin, probably in your hand. This is part of it too. Oh… they forgot to tell you this….
5.Do you want the government to shut off your money supply at will, maybe even for a political reason? This would give them the power to do so.
6.Do you like having the security and control over your hard-earned money? Essentially with this proposed digital currency your money is no longer yours. It will be totally managed by the central bank banksters, the very ones who have been ripping us off since the inception of the Federal Reserve in 1913.
This is of course a nightmare for any sovereign nation and would kill any financial freedom and privacy of the individual. It would amount to total control over all aspects of our lives and Mr. Joe Biden could not give a damn about the ultimate ramifications. So, you see how they whittle away our freedom little by little.
Formal Articles are below. Please see my comments in bold italic fonts in brackets ( ) throughout the articles. Also, I separated the articles with asterisks and highlighted in bold any important lines worth noting.
AL-FATEH PROPOSES EXCHANGING THE “NATIONAL CURRENCY” WITH NEIGHBORING COUNTRIES TO END THE DOMINANCE OF THE DOLLAR
On Wednesday, the leader of the Al-Fateh Alliance, Uday Abdel-Hadi, proposed dealing in the national currency with neighboring countries to end the dominance of the US dollar.
Abdul-Hadi said in an interview with Al-Maalouma, that “the dollar crisis in Iraq is directly behind the US Treasury, and it comes within the framework of clear-cut blackmail of the Sudanese government, and this matter is not disputed by two, noting that the dollar has become a crisis for many countries in the world because of Washington’s attempts to exploit its influence to put pressure on the economy as a tool to achieve goals and agenda.”
He added, the situation requires a reconsideration of breaking the dominance of the US dollar and pushing for the introduction of the principle of commercial dealings through national currencies between Baghdad and neighboring countries and its international surroundings, and this is more fair and limits the dominance of the dollar and prevent a repeated crises.
DISCLOSURE OF THE CONTENT OF A LETTER FROM THE US FEDERAL RESERVE TO THE CENTRAL BANK OF IRAQ REGARDING ‘MONEY LAUNDERING’ – URGENT
Baghdad – Nas
The Secretary-General of the “Kafa” movement, Rahim Al-Daraji, on Tuesday, the content of a letter sent by the Federal Bank to the Central Bank of Iraq on money laundering in Iraq.
In an interview with colleague Ahmed Al-Tayeb, followed by “NAS”, Al-Daraji said (January 24, 2023), “On 28-11-2022, the US Federal Reserve informed the Central Bank of Iraq of the following: We will not stand idly by in front of the expansion of money laundering crimes in Iraq, which involve political figures, businessmen, bank owners and economic bodies, to the extent that it has become one of the worst manifestations of money laundering in the Middle East.”
The former and current central bank governors, who were the former, have full knowledge of the money laundering process and are well informed in detail, but no one is taking action about it,” he said.
Just so you know…..
US AMBASSADOR: WASHINGTON’S ACTIONS TOWARDS THE DOLLAR TOOK PLACE IN AGREEMENT WITH THE CENTRAL BANK OF IRAQ
The US Ambassador to Iraq, Elena Romanowski, confirmed today, Tuesday, that her country’s measures towards the dollar were not designed in any way to be political, but were designed in agreement with the Central Bank of Iraq to stand up to money laundering and focus on the anti-corruption agenda.
Romanowski said in a statement, followed by Earth News Agency, that the implementation of these measures was coincidental, shortly after Prime Minister Muhammad Shia al-Sudani assumed his position, while she revealed that she was proceeding with the Central Bank of Iraq to consider finding some ways to deal with the effects of the exchange rate.
KUWAITI REPORT: THE CENTRAL BANK IS IN THE GRIP OF AL-MALIKI AND CHANGING ITS PRESIDENT WILL NOT SOLVE THE CRISIS
A Kuwaiti newspaper said, on Tuesday, that the former governor of the Central Bank, who returned to his post, Ali Al-Alaq, is a close ally of Nuri Al-Maliki, and quoted sources in Baghdad, that this is part of government changes to present “scapegoats” for public opinion and requires proving the impartiality of the new president in the upcoming negotiations. with Washington.
Al-Jarida’s report, followed by “Nass”, added (January 24, 2023) that the Iraqi dinar in the post-Saddam Hussein era had never gone through a crisis like the one it is currently going through, as no one knows a fixed price for it, which prompted merchants to raise prices. Almost everything, in an attempt to compensate for the huge losses they suffered, within an import-dependent economy.
According to the analysis of the Kuwaiti newspaper, this crisis resulted from new US restrictions on dollar transfers to Iraq from the US Federal Reserve, in an attempt to control the smuggling of an estimated one hundred million dollars every day to Iran in clear violation of international sanctions at the time of a government led by hard-line parties in Shiite politics. It was sometimes considered evidence of Washington’s attempt to limit the “profits” of Tehran and its allies in Iraq today.
Senior sources in Baghdad told the Kuwaiti newspaper that the overthrow of the “central” governor is far from just offering a scapegoat to the public. Al-Sudani and behind him Al-Maliki “wants an official whom he trusts in the necessary negotiations with Washington on managing the dinar crisis and the trade relationship with Iran.”
The sources added, “Al-Maliki talked about the necessity of launching an urgent dialogue with Washington about the dinar crisis, and he could not advance this file except with someone he trusted absolutely, so he returned to his first memories and returned Ali Al-Alaq to the position he previously held in Al-Maliki’s mandate.” the second”.
The newspaper stated that the financial authority represents a distinct battle in al-Maliki’s political biography, as he had previously overthrown the former “central” governor, the late Sinan al-Shabibi, an internationally reputable banking figure, who was opposed to al-Maliki’s interventions in monetary policies, and Iran’s infiltration, and he brought the relationship as a substitute for him. Then Al-Kazemi removed Al-Alaq from office, until he returned today tasked with controlling the dollar.
The newspaper stresses that financial experts in Baghdad say that no one can restore the status of the dinar, unless he convinces Tehran to stop buying dollars from the Iraqi market, or persuades Washington to ease the strict restrictions that were recently imposed on dollar transfers to Baghdad, especially since Iraq does not He can transfer his assets outside the United States, because it is the only party that provides “international protection” for Iraq’s oil revenues, in front of hundreds of thousands of lawsuits dating back to the four wars the country fought during the past decades.
The Iraqi prime minister says that he has more than 10 new measures to prevent the collapse of the market, but experts comment on this that his impact remains limited, as 200 million dollars should be provided daily to stabilize the market, while what America currently allows does not exceed the rate of 60 million dollars, which The price of the dollar was raised to the borders of 1,700 dinars, after it was 1,450 two months ago.
Al-Maliki will have to convince the American capital that Al-Alaq’s personality is neutral and does not represent an imbalance in the higher institutions, in light of Washington’s fears of profound changes in Tehran’s interest, which gradually include security institutions, the armed forces, intelligence, and financial institutions, according to the expression of the Kuwaiti newspaper.
ECONOMISTS: THE IRAQI DINAR CRISIS MAY PUSH THE CENTRAL BANK TO ISSUE NEW MONEY
Today, the Iraqi government is facing fears of its inability to provide the salaries of employees, retirees, and social welfare subscribers, who number about 10 million people, for whom about six trillion Iraqi dinars are allocated.
Today, Tuesday, the newspaper (The Independent Arabic) wrote a report followed by (Baghdad Today), in which it said that “the restrictions imposed by the US Federal Bank on the Central Bank of Iraq in the dollar file, and the start of introducing the Iraqi financial transfer within the “Swift” system, caused a series of crises. It led to a contraction of the Iraqi market and a decline in the purchasing power of most Iraqis during the past weeks.
She added, “The Iraqi economy depends almost entirely on Iraqi oil sales in US dollars, which are transferred through the Iraqi Ministry of Finance to the Central Bank, which sells them to banks to obtain the Iraqi dinar.”
The report said, “In the absence of any other resource other than oil to bring in the dollar in conjunction with the absence of real economic activity or other revenues for the Iraqi government from taxes, fees and investments, obtaining the Iraqi dinar will become very difficult, and Baghdad may be forced to use alternatives, which will cause an increase.” inflation rates in the country.
He explained, “Since the fall of Saddam Hussein’s regime in 2003, successive Iraqi governments, under pressure from the parties participating in the political process, opened the door wide for appointments in Iraqi state departments as an important part of their campaign for elections, which raised the number of workers in the public sector from 850,000.” 2003 to four million employees, workers, wage earners, and contractors who earn about 43 trillion Iraqi dinars ($29 billion) annually, in addition to millions of retirees and those covered by social care, bringing the number to about 10 million people, according to the Iraqi Ministry of Planning.
And financial expert Muhammad Dagher believes that “the Central Bank of Iraq will resort to issuing new money from the dinar to meet its needs of paying employee salaries, if its sales continue in this way,” while noting that “the central bank currently has enough local currency.”
Dagher said, “The issue of salaries is a red line that cannot be touched, and if we do not get Iraqi dinars through the dollar sale window, the Central Bank of Iraq must issue new money.”
Dagher ruled out that salaries would be distributed in US dollars instead of dinars if an Iraqi dinar was not available at the central bank, due to national and other economic considerations represented in the possibility of price increases.
He stressed that “the central bank has a reserve of local currency and can maneuver it and meet the needs.”
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the Central Bank of Iraq has temporary alternative procedures for absorbing liquidity, which are in the study phase and awaiting implementation, but he did not disclose these procedures.
And the specialist in economic affairs, Safwan Qusay, said, “Iraq suffers from a deficit of four trillion dinars per month as a result of the decline in dollar sales, while he referred to a set of solutions to bridge the deficit, including the issuance of bonds in Iraqi dinars.”
Qusai said, “The currency selling window decreased at a rate of 130 million dollars per day, by about 200 billion dinars, which will lead to a decrease in the possibility of obtaining the Iraqi dinar to meet the requirements of the operational and investment budget.”
Qusay added, “The US federal wants to improve the economic situation of the Iraqis and create job opportunities. The more we raise the level of investment spending with international companies, the more we will get a dollar and convert it into Iraqi dinars to spend on these projects.”
And Qusay indicated that the amount of the monthly deficit amounts to 2.5 billion dollars, that is, about four trillion Iraqi dinars, and therefore we need 50 trillion dinars annually, up to ($ 34 billion), stressing that what is now available to the Iraqi ministries and the Central Bank is less than this number, which will mean that the government You will be in trouble for the next six months.
He pointed out that there are more than 70 trillion dinars (47 billion dollars) with the Iraqis, and it is possible to withdraw part of it to fulfill the obligations by selling the state’s lands and properties in Iraqi dinars, and issuing dinar bonds, which contributes to absorbing the surplus dinars.
DOES “ELECTRONIC PAYMENT” SAVE THE EXCHANGE RATE OF THE IRAQI DINAR?
Against the inflated prices of basic goods and services in the Iraqi markets, the exchange rate of the dinar continues to decline against the dollar and foreign currencies, amid government attempts to deal with the recession, which economists describe as “the largest in decades.”
With the aim of revitalizing the economic movement, stopping the fluctuation of the dinar exchange rate, and controlling the smuggling of dollars and foreign currencies from Iraq to Iran and other countries, the Iraqi government is seeking to activate the electronic payment system.
And a statement issued by the office of the Iraqi Prime Minister, Muhammad Shia’a al-Sudani, after the cabinet session, which was held last week, announced work to activate the electronic payment system, as of the first of next June.
According to the statement: “The Council of Ministers approved the recommendation of the Ministerial Council of Economy, which stipulated that the Central Bank of Iraq should facilitate the procedures for granting licenses to collect bank cards using points of sale (POS), and reduce commissions on banks and entities that use those devices.”
The decision requires all governmental, non-governmental, and mixed departments, trade unions, associations, and all centers where amounts are collected, to open bank accounts and provide point-of-sale devices for electronic payment by bank cards.
Step by step
The economist, Salam Sumaisem, enumerates the steps to be taken by the Iraqi government to respond to the electronic payment system, namely: electronic outlets, filtering remittances, and monitoring import permits and credits.
In her interview with “Raise Your Voice,” she points out that electronic payment reduces currency smuggling, but the problem goes beyond that, as she adds: “There are mistakes in the structure of the Iraqi economy. The issue is not exclusively related to the monetary authorities, which are the central bank and its relationship with the government. The issue is also related to The structure of the Iraqi economy and its dependence on imports and the need to remove the currency, which is the main problem, as well as the control of import companies, which are originally subsidiaries of banks that monopolize the dollar. These issues need structural solutions, not formal procedural solutions.
And she affirms: “The electronic automation of the outlets is an essential first step that must be followed by larger steps.”
Since last November, the exchange rate of the dollar has risen against the Iraqi dinar, without the central bank’s decisions being able to stop the decline in the dinar’s exchange rate, which recently broke the barrier of 1,650 dinars against one dollar.
The Central Bank set the purchase price from the Ministry of Finance at (1450) dinars per dollar, and the selling price to banks at (1460) dinars per dollar, while the sale price to citizens was set at (1470) dinars per dollar.
opportunity for banks
The economist, Hammam Al-Shamaa, sees electronic banking as an opportunity to increase cash liquidity in banks, by enhancing deposits in exchange for withdrawals, and explains: “Customers do not withdraw money when they deal with merchants through credit cards.” In his interview with “Raise Your Voice”, Al-Shammaa excludes any effect of electronic banking, which the government seeks to implement, on the fluctuation of currency rates in the Iraqi markets.
He explains in this regard: “If the relationship between the local currency and foreign currencies changes, up or down, the purchasing power of the monetary unit will differ, whether it is electronic or paper, and this confirms that there is no relationship between the exchange rate and electronic banking.”
For his part, the Deputy Governor of the Central Bank of Iraq, Ammar Hamad Khalaf, described, in a statement to the official Al-Iraqiya news channel, the government’s decision to activate electronic payment in all joints as “important support for the Iraqi bank and economy.”
Khalaf continued, “The bank has been working to implement this service for years as a basic business strategy, to complement the salary settlement project that began years ago, and it supports reducing outlets for money exchange (cash) as a case that does not serve the Iraqi economy.”
Although the economist, Khattab Omran Al-Daman, emphasized the importance of the electronic financial system in reducing cases of exploitation and increasing prices practiced by some retailers, its impact on the dollar exchange rates will remain limited, since the system will deal with transactions concluded in Iraqi dinars and not in US dollars.
And the guarantor adds to “Raise Your Voice,” “The high exchange rates of the dollar against the dinar is due to the imbalance between the demand for the dollar and the quantities offered of it in the Iraqi markets as a result of the controls that the Central Bank has begun to apply, and therefore the stability of the dollar exchange rates needs quick and organized efforts from the Central Bank.” To achieve a balance between the forces of supply and demand, by ensuring the flow of dollars to importers directly, without prejudice to measures to prevent smuggling of dollars and money laundering.
REPORT: AL-SUDANI USES THE “ELITE FORCES” TO STOP DOLLAR SMUGGLING TO IRAN
Under pressure from Washington to stop the flow of dollars to Iran, the Iraqi prime minister called on the elite counter-terrorism forces, who are more accustomed to fighting “Islamic militants”, to tackle merchants smuggling currency into the Islamic Republic, according to a report by Al-Hurra.
The report, which was followed by “NAS”, (January 24, 2023), said: The raids that took place in Baghdad, on Saturday, represent an early test for Prime Minister Muhammad al-Sudani, who took office in October after more than a year of political paralysis, and he must now take a very sensitive diplomatic path. .
And approved the Federal Reserve (Central Bank of America) in New York stricter controls on international transactions in dollars for Iraqi commercial banks in November.
The move aims to stem the illegal flow of dollars to Iran and put more pressure, along with US sanctions over Tehran’s nuclear program and other disputes, making it difficult for Tehran to obtain dollars.
Representative Aqil Al-Fatlawi accused Washington of deliberately using the new regulations as a political weapon.
“The Americans are using strict instructions on dollar conversions as warning messages to the Sudanese Prime Minister (Mohammed) to keep him in line with American interests. ‘Acting against us may lead to the overthrow of your government.’ This is the American message,” he said.
A senior banking official said the United States had sent a clear message to Iraqi officials: Either stick to the new regulations or the CBI will face fines.
Al-Sudani relies on Washington’s continued goodwill to ensure that his country’s oil revenues and finances are not subject to American scrutiny, and he also needs Washington’s help in fighting the Islamic State.
But he came to power with the support of powerful militias backed by Tehran, and thus cannot afford to antagonize Iran.
Baghdad-based political analyst Ahmed Yunis said, “The Sudanese prime minister (Mohammed) faces a complex challenge of how to balance policies with two of each other’s staunchest enemies Washington and Tehran, both countries friends of Iraq at the same time, without taking sides. It’s a task. It is very difficult, and the Sudanese are walking on a tightrope.”
The Islamic Republic needs dollars to stabilize its ailing economy, which has been hit hard by US sanctions imposed since 2018 after then-US President Donald Trump announced the withdrawal from Tehran’s nuclear deal with six world powers.
Iran’s volatile currency has lost about 30 percent of its value since nationwide protests followed the death of 22-year-old Iranian Kurdish Mahsa Amini on September 16, further isolating the country.
The religious establishment has for years used front companies from Iraq to Turkey to obtain the dollars it needs for international transactions and to fund its agents across the Middle East.
Two advisers to private Iraqi banks who regularly attend meetings with the central bank, who spoke on condition of anonymity, said Iran receives about $100 million a month from Iraqi traders.
Iraqi security officials under the prime minister’s administration reported that they had “compelling evidence” that smugglers were buying large quantities of dollars from the currency markets in Baghdad and smuggling them through border crossings into Iran, particularly since mid-January.
A colonel in the Iraqi border police at the Shalamja crossing near the city of Basra in the south said that dozens of smugglers buy dollars from the currency markets in Baghdad and use school bags to transport them before packing them in four-wheel drive cars to the border, under the protection of armed guards.
Under the new restrictions, Iraqi banks must use an online platform to disclose their transactions and details about the sender and recipients. US officials can intercept suspicious transfer requests.
Nabil Al-Marsoumi, an economics professor at Basra University, said the new system has slowed down dollar transactions.
Banking officials said anti-smuggling measures had also left a hole in public finances. Banks that were reluctant to register on the electronic platform resorted to free markets in Baghdad to buy dollars, which created a deficit, as demand exceeded supply.
At the same time, the price of consumer goods has increased and the value of the Iraqi currency has diminished.
This deepened anti-US sentiment among politicians in Iraq, which remains unstable after nearly 20 years of US-led war that toppled Saddam Hussein.
Trader Jumaa al-Hilfi said the transfer of dollars to Iran and its ally Syria, which is affected by sanctions, also affected Iraq’s currency.
The value of the dollar when selling was 1470 Iraqi dinars before the new transportation restrictions set by the Federal Reserve, and the dinar fell in December at 1620 dinars against the dollar before the restrictions began to be applied at the beginning of the week.
And the official news agency said, on Monday, that the Iraqi Prime Minister relieved the governor of the Central Bank of his post after the decline in the value of the dinar. The agency added that Mustafa Ghaleb Makhaif told the prime minister that he no longer wanted to remain in office.
The prime minister tried to reassure Iraqis that the dinar and the economy would be safe from US restrictions and regulations.
Al-Sudani said in one of the events, on Saturday, “We have taken a number of bold decisions to support and stabilize the Iraqi dinar, and we warn those who try to exploit the crisis.”
Hadi Ali, an account manager at a private bank in Baghdad, expressed his skepticism about that.
“Following the new American conditions means that we will have to wait for long periods of time to be allowed to transfer money. This is harmful to our interests… Almost all dollar transfers end up reaching parties linked to Iranian interests. This is not a secret,” he said.
THE RULING IRAQI COALITION IS DISCUSSING WITH AL-SUDANI MEASURES TO REDUCE THE VALUE OF THE DOLLAR
“Al-Quds Al-Arabi”: The “State Administration” coalition discussed with the Federal Prime Minister, Muhammad Shia’a Al-Sudani, the measures taken by the government recently to confront the crisis of the high exchange rate of the dollar against the deterioration of the Iraqi dinar.
And the coalition said, in a press statement: “The State Administration Coalition held a meeting (Monday / Tuesday night) in the office of Nuri al-Maliki, and they discussed developments in the political and security scene, in addition to the measures taken by the government recently to confront the crisis of the high exchange rate of the dollar.”
He added, “The Prime Minister gave a detailed explanation of the treatments that the government put forward with the aim of reducing the impact of the exchange rate hike on the poor and marginalized segments, in addition to making appropriate and required changes in sites related to the fluctuations of the Iraqi dinar.”
The coalition indicated that “on the other hand, the meeting discussed the most important legislation that must be approved within the House of Representatives, the most prominent of which is the federal budget, as well as laws that are related to the life of the citizen.”
The “State Administration” coalition, which represents all the political forces participating in the government, with the exception of the Sadrist movement, called for the need to scrutinize the work of private banks, and to supervise the extent of their compliance with the instructions related to foreign transfers of the dollar in light of the fluctuation of the price of the Iraqi dinar against the US currency.
According to a press statement issued by the office of the First Deputy Speaker of Parliament, Mohsen al-Mandalawi, who participated in the meeting, he stressed the importance of “quickly ending the crisis of the dollar’s rise in price, and restoring things to their proper place in the local markets,” stressing the need to “expeditiously spare citizens the repercussions of the exchange rate increase.” Snap.”
The meeting urged, according to al-Mandalawi’s statement, the importance of “committing the central bank to implement the necessary financial policies to improve economic performance, as well as constantly auditing and supervising the work of private banks, especially adherence to the new instructions for foreign transfers to avoid the repercussions of what happened in the past.”
The meeting touched on “the speed of sending the budget by the government to Parliament , which completed the formation of its parliamentary committees in the previous days, and is ready to discuss and vote on the draft budget law of 2023 for the purpose of ensuring the interest of citizens and moving the wheel of the Iraqi economy.”
In addition to al-Sudani, the meeting was attended by Parliament Speaker Muhammad al-Halbousi, the leader of the “State of Law” coalition, Nuri al-Maliki, the Minister of Foreign Affairs, a leader in the Kurdistan Democratic Party, Fouad Hussein, and a number of leaders of political blocs and alliances affiliated with the “State Administration” coalition.
AN INTERNATIONAL NETWORK: AL-SADR ANNOUNCED THROUGH THE IRAQI NATIONAL TEAM THAT HE IS ABOUT TO RETURN TO POLITICS
Today, Tuesday, The Arab Weekly network saw “political” motives behind the Iraqi team’s visit after winning the 25th Gulf Championship for the leader of the Sadrist movement, Muqtada al-Sadr.
The network stated in its translation report (Baghdad Today), that Al-Sadr “is now convinced that the time has become appropriate to return to politics directly, expecting that his position against the political parties linked to Iran has become strong.”
And she added, “Al-Sadr took advantage of the opportunity of the national team’s victory and his visit as a platform to announce his imminent return to politics through statements targeting Iran and the political parties accused of being associated with it in Iraq, including his insistence on using the word Arab Gulf during the meeting with the national team.”
And she added, “Al-Sadr is also trying to exploit the current cracks that have appeared in the structure of the coordination framework, his political rivals, as a result of the differences between the Secretary-General of the Dawa Party, Nuri al-Maliki, and Asa’ib Ahl al-Haq Qais Khazali,” noting that “the team’s visit was used by him as a” political message. ” to his competitors.
The network also said that al-Sadr, during his interview with the players, asked them to “learn English” in a challenge it said was “a direct challenge to some Iraqi political figures and clerics who are now learning Iranian and speaking Arabic with a Persian accent,” as she put it.
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.
In ending I want everyone to know your constant prayers in the fight against evil is working in the battle against the corruption of Iran in Iraq, the corruption of the democrat party in the USA and the corruption of the labor party in the UK. Yes, your prayers ARE WORKING. God has guided these patriotic men and women on this new battle field. It is a battle for the mind filled with propaganda and lies. He has guided the honest, patriots of Iraq, the USA and the UK to fight for their homeland.
So, this new war now on our citizens is underway now as we see so fragrant massive abuses and corrupt practices in the U.S., Canada, UK and Australia. Sure they have excuses and use this pandemic and variants at their legal excuse now for all the violations. We must see through it and end it.
There are many heroic and patriotic men who expose the corrupt and bring about the needed freedom, prosperity and abundance back to their nations. God’s Hand is At Work! From these countries God’s Hand will extend to other countries around the world.
We must keep praying for the end to the rapid corruption and enslavement of people. This is the end game for this global new order, they are pushing on our nations. Through this entire Covid process we have seen what they are capable of and how they want to control us. We must pray for our leaders that they may be anointed by the Holy Spirit and guided to do God’s work. We must stand fir, stand by them and let them know we are still there to support them, even after the election is over. I have composed an RV prayer maybe we can all pray today in our own way and until the reinstatement of the Iraq dinar occurs.
OUR RV PRAYER
Oh Father, we pray in the name of Jesus Christ:
“For all leaders of all nations, that they may be anointed by the Holy Spirit to do God’s will and work to bring about abundance and prosperity to their nation. That they may listen to the Holy Spirit for guidance in fighting this war on us, our minds and our children.
To fight this waging war on corruption, our freedoms, our liberties, socialist plans, injustice and our US Constitution, this we also pray.
To bring all those corrupt to justice and pay for their crimes no matter how high up in the government or politics they are. Lord, they must pay the price for their treasonous acts or there will never be any justice in our nation, this we also pray.
To end the corona virus “man-made crisis”, poison vaccines and booster shots and to awaken people everywhere of the dark side and the tools it will use to gain power and control, this we also pray.
That the FREE WORLD may be a shining example for the rest of the entire planet. That the God centered, sacred vision our nation may extend out to the rest of the world like shining rays of light, of hope and of victory, this we also pray.
We pray these prayers in the name of Jesus Christ our King and Savior, Amen”
P.S. (Please if you can – say the rosary every day. You can do it while you take your daily run or walk. You can do while you lie in bed in the morning or nighttime before sleep. You don’t even need a set of rosary beads as you can use your ten fingers …lol..lol..lol…
Much love to ya all,