Latest Mnt Goat Newsletter

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

ABOUT THE NEWSLETTER:

August 25, 2026 Mnt Goat News Brief

Guten Tag everyone:

Can you say- ‘remove-the-zeros!’ 😊 As I have been leading up to this situation in my last couple Newsletters for us investors to realize the importance of removing the zeros from the dinar and how it has come to a stage of a ‘crisis’ even in paying salaries. Yes, it is urgent now and they have let this project to delete the zeros delay too long already. It has caught up to them. Today we are going to explore this latest news to remove the zeros in detail and review many very recent articles on this topic that shed some light on what is imminent.

Iraq is about ready to remove the zeros!

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Proverbs 11:25

“Whoever brings blessing will be enriched, and one who waters will himself be watered.”

STATUS OF THE RV

There is lots to talk about today. Again so many articles on removing the zeros and what to do about the monetary reform.

There are many who doubt that this reform of the currency is finally here and going to happen shortly. In today’s news, as you can read on the headlines of the Newsletter, that now we have two members of Al-Zaidi’s cabinet the communications director and now a member of the Finance Committee (which is ‘BIG’) that there is a government trend towards officially removing zeros from the Iraqi dinar and issuing a new paper currency. And even as important he denies the effort by others to poo poo the idea and delay it for 3-7 years. Really?

Let’s go through the drama over removing the zeros step by step and you can then clearly see how they are trying to hide the imminent timeframe to get this done and then move to FOREX. Remember that I don’t deal in rumors or hype on my block. I bring you solid evidence and proof of what they say. This is not my words by theirs.

What I am going to show you today actually all started last Tuesday August 18 just after I posted my August 18th Newsletter. At this time more news began to pour out from Iraq about removing the zeros. If you recall we had the same thing happen in the week prior and I posted this news in my August 11^th Newsletter. Why in hell would they do this if not a major effort to initiate this event. Remember also I am on the phone with my CBI contact to talk about all these articles and she too confirmed they were getting ready for this event.

THE PROBLEM: First, before I get into the juicy articles for today, another article popped out again in this reporting period reinforcing the problem once again and thus why they need to remove the zeros in the first place and most importantly do it sooner than later. To me anyhow, when I see articles like this one again and again this is pure pressure. Yes pressure, pressure and more pressure on the government to do something and do it much sooner than later. It is titled:

“A CRISIS OF CONFIDENCE AND A CASH ECONOMY: AROUND 97 TRILLION IRAQI DINARS ARE OUTSIDE THE BANKING SYSTEM”

“Cash held outside the banking system constitutes one of the most prominent challenges facing the Iraqi economy, given the continued reliance of a large segment of citizens and merchants on cash transactions and keeping part of their money outside banks.

While money outside the banking system does not necessarily mean that it is entirely hoarded, its sheer size raises questions about the weakness of banking transactions and the ability of banks to attract savings and convert them into loans and financing for projects and investments.”

So, did my CBI contact not use these exact words ‘crisis” and ‘urgent’ in describing this situation to us as in my calls to Iraq from my CBI contact? Do you think its urgent? Later in today’s Newsletter we will read a ridiculous article telling us they will wait 3-7 years more to remove the zeros. We are not that stupid to believe such nonesense, are we?

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On with the real juicy articles for today. Here are the articles that popped out about removing the zeros that you might want to reference from this past week alone. They are all located in full in the Articles Section of today’s Newsletter. I will bring you only a short clip of juicy part of them and explain it to you:

😊 “THE CENTRAL BANK OF IRAQ IS DISCUSSING REMOVING ZEROS FROM THE DINAR.”

From August 19, 2026, “Al-Mustaqilla reveals: Removing zeros from the Iraqi dinar is under discussion within the Central Bank. The Independent – The eyes of economic and banking circles in Iraq are turning to the Central Bank of Iraq, amid information about internal discussions regarding the project to remove zeros from the Iraqi dinar and modernize the currency and the monetary and banking system, in a step that, if the decision is made to proceed with it, will be one of the biggest monetary transformations in the history of modern Iraq. According to the source, there is a discussion about preparing a draft law that can be submitted to the House of Representatives if the Central Bank makes an official decision to proceed with the project.”

Of course we all knew about this as my CBI contact told us she was in a meeting to discuss and review this draft law. It is ready for Parliament.

“This means that removing zeros does not in itself create new wealth or increase the purchasing power of the citizen.”

This statement in the article again confirms Dr. Shabibi’s plan in that the official CBI provisional rate of 1320 is NOT going to change in country when they remove the zeros. If a 25,000 dinar is worth $19 dollars the newer lower 25 dinar note will be worth $19 dollars. But we all know that INDIRECTLY the dinar just changes to about $0.76 cents from 1/6 of a penny per dinar if you do the math. They did this without changing the 1320 rate. Get it? This is my point. No ‘official” revaluation will happen to the 1320. Get it? I wish all ignorant intel gurus would stop with all their lies about how this will work. They simply do not know. But here is proof again that confirms what I am saying is correct. 😊 Who are you going to believe now?

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😊 “REMOVING ZEROS: A CURRENCY RESTRUCTURING OR A STEP TO BOOST CONFIDENCE IN THE DINAR?”

“The issue of removing zeros from the Iraqi currency has resurfaced, amid economic debate about the feasibility of this step and its implications for the value of the dinar and the purchasing power of the citizen, as well as the readiness of the banking and financial sectors to implement it. Economic experts believe that removing zeros, if implemented within a comprehensive study and a clear plan, could contribute to restructuring the currency and simplifying financial and banking transactions, while emphasizing that the measure itself does not mean an increase or decrease in the purchasing power of the dinar, as long as prices, salaries and savings are transformed at the same rate.”  

How many times have these other intel gurus told you that removing the zeros will increase the purchasing power of the citizens? This proofs again that these kinds of statements are NOT correct. How many articles do they have to tell us this is not correct before they believe it. Oh…. but then of course they don’t base their information on FACTS do they?

“He explained that removing zeros could be part of a “broader monetary and banking reform package that enhances confidence in the dinar and supports economic stability.  It is not a single, formal procedure.”

Here we see in this article too yet another confirmation that removing the zeros is just one step in the overall process, the overall plan is to get back to FOREX. These last two paragraphs in the article tell us that removing the zeros is part of a broader plan “It is not a single, formal procedure”. What is this broader plan? It is the next step in the plan after removing the zeros, is reinstating back to FOREX. Their words today again not mine. Dr Shabibi’s words from 2011 not mine.  

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😉 “ECONOMIST: REMOVING ZEROS WILL REDUCE INFLATION AND WITHDRAW MONEY FROM CORRUPT OFFICIALS.”

“Economic researcher Haitham al-Khazali believes that removing zeros from the currency will reduce inflation in the financial markets and markets. He added that it will also draw cash held by citizens, merchants, and investors into banks, and compel corrupt individuals to surrender their illicit funds.”

Dagher told Shafaq News Agency that “the amount of cash issued is about 105 trillion dinars, of which about 8 trillion dinars are inside the banking system, while about 97 trillion dinars are outside it.”

He explains that “about two-thirds of the money outside the banking system is used to settle cash payments between merchants, real estate sales and purchases, and pay salaries and wages, while hoarding may represent about a quarter of the money outside banks.”

Okay so now you know why the Finance Committee in yet another article just told us they can’t pay the August salaries until the end of the month which is normally done at the beginning of the month. It is titled “SALARY PAYMENTS IN IRAQ HAVE BEEN DELAYED UNTIL THE END OF THE MONTH OR THE BEGINNING OF NEXT MONTH DUE TO “LIQUIDITY SHORTAGES AND FUNDING DELAYS“.

 “An informed source revealed on Tuesday that the payment of state employees’ salaries may be delayed until the end of this month or the beginning of next month, attributing this to the fact that funding for ministries and state institutions has not yet been released, despite the month having passed.”

Then how will they pay September’s salaries at the beginning of September and so on and so forth? Do you see the problem here why this has become to a crisis/urgent mode in getting this cash back inside the banking system? Can you say PRESSURE?

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.  😊 “EXCLUSIVE TO KURDISTAN 24: US PRESSURE ON BAGHDAD TO EXPEDITE THE REMOVAL OF ZEROS FROM THE DINAR TO CURB MONEY LAUNDERING”

WOW! WOW! WOW! Informed sources told “Kurdistan24 today that the United States is exerting increasing pressure on the Iraqi government to expedite the implementation of the “removal of zeros from the Iraqi dinar” project, with the aim of crippling the movement of funds smuggled abroad and recovering cash liquidity hoarded through illegal means.”

Can the news get any better than this article? Looks like the US is ready to sign off on the project. It also means they support the reinstatement because is has to follow.

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So, now here comes the negativity and deception. Either the author is just plain ignorant or this is propaganda about waiting 3-7 years for removing the zeros. Other than this part, the rest of the article explains much of what we already heard in other articles.  

☹ “IRAQ REVIVES PLANS TO REMOVE ZEROS FROM DINAR”

At a Glance

• The Finance Committee discusses currency reform
• The Central Bank has prepared new designs
• Reform would not change purchasing power
• The process could take up to seven years

“Iraq has renewed discussions over a long-planned currency reform that would remove zeros from the dinar, with the Central Bank and Parliament examining the requirements for implementing the proposal.”

This was the meeting that was held that my CBI contact attended that I told you about a few weeks ago.

“The parliamentary Finance Committee has held discussions with the Central Bank of Iraq over the proposal to remove zeros from the Iraqi dinar and introduce redesigned banknotes. The proposal remains under discussion and has not received final political approval.”

“Final samples of the proposed banknotes have reportedly been prepared, covering all denominations. The plan would involve printing approximately 7.5 billion individual banknotes, with estimated costs of around 250 billion dinars. Germany, France, Australia, and the United Kingdom have reportedly been selected to handle production of the new currency. The currency reform cannot proceed without a legal framework.”

Remember I told you a year ago that my CBI contact told us she had pictures of the newer lower denominations to someday post on the CBI website and that this was coming soon.

“The government would need to submit a special draft law to Parliament before the Central Bank could formally implement the currency change. If approved, the replacement process would be carried out gradually rather than through an immediate withdrawal of existing banknotes.”

My CBI contact also told us about this needed draft law a few weeks ago. Remember? Yes, they already have the updated draft law prepared and it was sent to parliament to put on the docket for discussion sooner than later. Then out pops this article titled: “PARLIAMENT SUPPORTS THE CENTRAL BANK’S EFFORTS TO ENHANCE MONETARY STABILITY AND PLEDGES LEGISLATION TO ACHIEVE THESE GOALS.”

“The full process is expected to take between three and seven years.”

I don’t know what they mean by the words ‘full process’. Simply put they cannot wait 3-7 years to remove the zeros. They are now cornered and must do it maybe even before January 2027. So this statement is not true and Iraq will not be able to survive if they waited. What is it about the crisis or urgency that this author does not understand?

Despite the Central Bank’s preparations, there has been no final decision to implement the currency reform. The project remains dependent on political approval and the passage of the required legislation.

I don’t know if this article is just old news not updated but they printed the article anyway? But a final decision has been made and we read about it in my August 18^th Newsletter and again today (see the next article below). In it remember the article by the Communication minister in Al-Zaidi’s cabinet? So, today we get yet anther confirmation from a member in the Finance Committee disputing this news that it is not final. This means the CBI has made a final decision and only needs this draft law passed to begin the process. We wait for it.

😊 “DESPITE GOVERNMENT DENIALS, A MEMBER OF THE FINANCE COMMITTEE CONFIRMS THE IMMINENT REMOVAL OF ZEROS FROM THE DINAR.”

Define imminent:

adjective

im·​mi·​nent ˈi-mə-nənt 

Synonyms of imminent

: ready to take place : happening soon

Oh…. how I luv this article!!! 😊 😊 😊 WOW! WOW! WOW! So, in this article we get the second confirmation that we will NOT have to wait 3-7 years and that the decision to go ahead is final. Can you say FINAL? Can you say RV? I don’t know how else to tell you they are now aggressively moving ahead with the Project to Delete the Zeros that we have all been waiting for. Remember that this will take some months to complete. But do they even have months as they just told us they are delaying August salaries. What about September’s salaries? Let’s pick this one apart and explain it. The article is in italics and my comments follow.

“It should be noted that “government statements issued earlier denied the existence of efforts to remove zeros from the Iraqi currency, after the Minister of Communications, Mustafa Sand, announced that there was a government intention to remove them.” 

We read about this denial in a couple of articles in my August 18^th Newsletter. Many of you got depressed and saddened. I said to hang on since I knew reality.

“Jamal Kojar, a member of the Finance Committee in Parliament, confirmed today (Tuesday , August 25 , 2026) that there is a government trend towards officially removing zeros from the Iraqi dinar and issuing a new paper currency.”

“According to The New Arab Network, as translated by Baghdad Today, Kujer said, “The government believes that removing zeros from the currency will bring great benefits to the country, explaining that there are requirements with ‘international’ standards that will be achieved by removing the zeros, including the transition to electronic currency trading, which will bring benefits in terms of combating corruption and developing commercial trading,” according to the network.”

Can you say FOREX? Folks they are not talking about the digital dinar here. That will come much later. They are talking about digital trading meaning FOREX. Get it. They must move to international standards (remove the zeros) before they can reinstate it. Once they move to FOREX much of this corruption will end or be much harder to perpetrate.

“The network also indicated that “the Iraqi government received recommendations from international bodies, including the United States, to remove zeros from the Iraqi currency,”  

Hey…. Did the author just tell us that the U.S. wants Iraq to remove the zeros and will now sign off on the project to do it?

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UPDATE: On disarming the militias

I want to present the latest news in this effort of disarming the militia/factions. We know the deadline is September 30th. I find it very saddening that after all the pressure from the U.S. on this topic still many Iranian-backed politicians are trying to find ways to circumvent the disarming and have Iranian influence remain inside Iraq. Yes, we know the culprits, and we can see them clearly in the article titled ☹ “WILL THE (SUDANESE-AMIRI-MALIKI) COMMITTEE SUCCEED IN PASSING THE “WEAPONS MANAGEMENT” INSTEAD OF DISARMING THEM?

 Let’s wait and see what the U.S. is going to do about this proposal. Will they accept it? I doubt it. Meanwhile Sept 30^th is coming….  Tick Tock, Tick Tock…

“The deliberations of the Baghdad Dialogue Conference revealed a remarkable shift in the arms issue, with a clear retreat from dealing with September 30 as a final date for restricting weapons to the state, while a trend emerged to deposit the factions’ weapons in the Popular Mobilization Forces’ warehouses instead of the army, which means that missiles and drones will remain within a system led by Abu Fadak al-Muhammadawi, a leader in the Kataib Hezbollah and deputy head of the Popular Mobilization Forces.”

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Then this one pops out in the news too it is titled “AL-MALIKI HAS NOT BACKED DOWN”… HIS COALITION SENDS THE NAMES OF ITS CANDIDATES FOR THE INTERIOR AND DEFENSE MINISTRIES”

 “The media office director of Nouri al-Maliki, leader of the State of Law Coalition, denied on Thursday the existence of any understandings or agreements regarding relinquishing the Ministry of Interior, stressing that the issue is “not even on the table.”

Hisham al-Rikabi said in a statement via the website (X) that what some media outlets have reported regarding understandings or agreements related to al-Maliki giving up the Ministry of Interior is “untrue,” stressing that what is being circulated in this regard “is not based on any correct information.”

We know from past elections these two ministries are the most important as they deal with security and lots of money. Defense ministry thus the disputed disarming the militias and how these Iranian politicians want to keep them intact. Then there is lots of MONEY for allocated projects in the budget and the Interior ministry handles it all. Thus this is how they have been stealing billions in allocated oil revenues from Iraq and giving it to Iran as their proxy state. Will they allow this to continue?

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Then there is this next bit of news which is very scary news and I think you all can see why. “The article it titled “QALIBAF: IRAQ IS IRAN’S FIRST PARTNER IN THE NEW SECURITY SYSTEM FOR THE REGION”

Will the U.S. Trump administration go along with this proposal. I don’t think so! How dare Iran even suggest such a proposal to Iraq to be partners in a new security plan for the region? How desperate Iran must be. Do we want Iran creating any security system in the region? Doesn’t his seem weird to you in light of the Iranian conflict going on between Israel, U.S, and Iran. Really now, Iran will try anything to stay in power. These are all signs they are failing and failing fast… I do not believe a word Iran says as it has proven not live up to its obligations over and over again.

“Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated that economic cooperation between Iran and Iraq has entered the implementation phase. He noted that a delegation from the Iraqi Chamber of Commerce will travel to Iran within the next two weeks to meet with economic experts and activists in the economic sector to discuss the implementation of joint practical projects between the two countries.”

“At the conclusion of his three-day visit to Iraq, Ghalibaf added that discussions with Iraqi officials covered security, political, and economic issues, as well as the issue of armed factions. He emphasized that Iran will “absolutely” not interfere in Iraq’s internal affairs, while also pointing out that Iraq is the primary country with which Iran can play an influential role in the “new security order of the region,” and that its cooperation in this area will expand compared to the past.”

This is what they told Iraq when they came in to fight ISIS in 2014. It is apparent it was all lies. See how they have grown in Iraq like a dark virus that is now hard to kill.

He continued, “God willing, these forces will withdraw from Iraq, and the sovereignty and full independence of the Iraqi people and government will be established without the presence of any foreign forces, and this is a very important event.”

Qalibaf emphasized, “During these meetings, discussions took place regarding security issues and the issue of Iraqi factions. Of course, Iran will never interfere in Iraq’s internal affairs, and any agreement reached by the factions and Iraqi officials within the framework of the constitution, while preserving their independence, will be supported by Iran as a neighboring, friendly, and brotherly country.”

He added, “The brotherly and friendly country, Iraq, is the first country with which we can be very influential in the new security system of the region, and take bigger steps in this area than we have been in the past.”

Oh boy….. this is the last thing we need for Iraq. Oh brotherly love…. really? Stealing billions if not trillions of dollars from the Iraqi people is brotherly? Holding back important legislations and other projects like deleting the zeros and banking reforms in the past is brotherly. I call it self-serving and a betrayal of friendship.  

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SUMMARY

I don’t think I need to say very much in the summary today about the Project to Delete the Zeros and we can all now see the writing in on the wall and removing the zeros is urgent and is coming much sooner than most believe.

But there are political obstacles and they will need the draft law passed first for the CBI to act upon it. It is apparent that some entities in Iraq are desperately trying to hide and coverup this effort to remove the zeros in the currency reform since the speculators can make a lot of money on it. This they want to avoid. Remember also when they talk about nearly 80-90% of the currency being outside the banking system they are talking about the dinars we hold too. They will have to come and get ours too and pay for it. I don’t know about you but I am not giving up mine too inexpensively….lol..lol.. 😊

As far as the disarming of the militias and factions go, the U.S. Trump administration has put its foot down on this Iranian influence in general and this one issue is just one of many. Finally, a U.S. president addressing these issues in the middle east. Did you watch the video on the U.S. Treasury Secretary about the economic isolation of Iran. Here it is again below in case you missed it. It is titled “US TREASURY CHIEF UNVEILS ‘OPERATION ECONOMIC OUTCAST’ CAMPAIGN AGAINST IRAN”

“Around the globe, our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone,” Bessent told reporters.

US Treasury Secretary Scott Bessent on Monday unveiled plans for what he called the “Operation Economic Outcast” of Iran, expanding Washington’s secondary sanctions threats and warning countries and financial institutions that refuse to join the pressure campaign of potentially severe consequences.”

OPERATION ECONOMIC OUTCAST

The US Treasury secretary Bessent announces MAJOR operation targeting Iran’s economy. So, do you actually think the US is going to allow this proposal to go through with Iran and Iraq? Here is why I am saying this article is just foolishness.  

So, do you really believe Iran is going to structure a new security and economic model in the middle east? Is this not what the U.S. is trying to do under the Abraham Accords? What a joke but Iran will try anything since they are desperate.

Yes, the disarming will happen. Al-Zaidi has drafted a new law to disarm them and repurpose them, if needed. Remember there are about 100,000 Iranian Kud forces that came into Iraq in 2014-2015ish to combat ISIS. They did in fact help rid Iraq of ISIS to be fair. later the U.S. Forces stepping in to also help. At that time there was no status of forces agreement between the U.S. and Iraq and president Obama saw to that when he pulled all U.S. troops out in 2011. Was this a setup to embed Iraq with Iranian troops and occupy Iraq when the U.S. left? So, Iranian forces did serve Iraq and so let’s not forget or downplay that either to be fair. But the effort was completed in 2017 and so why do they still remain? It has been 9 years already. They already got paid heavily for their services too. The article is titled “AL-ZAYDI: WE WILL PROCEED WITH PASSING THE POPULAR MOBILIZATION FORCES LAW AS PART OF THE ARMED FORCES.”

“Prime Minister Ali Faleh al-Zaidi affirmed on Thursday that the Popular Mobilization Forces enjoy the attention and care of the government, which will proceed with submitting the Popular Mobilization Forces Law for approval, as it is part of the formations and branches of the armed forces, indicating that Iraq is witnessing today a phase of building after completing the requirements of the process of defending sovereignty.”

Will it pass in parliament leaving time to enact it? September 30^th is just around the corner. So, they must enact the provisions now regardless.

Then out pops this article also to reinforce the other one. It is titled “AL-ZAYDI: EMPLOYEES’ SALARIES ARE SECURED AND THERE IS A FINANCIAL PLAN FOR THE COMING YEARS… AND THERE WILL BE NO RETREAT FROM RESTRICTING WEAPONS TO THE STATE.”  

Enough said………

If you recall I removed the Thursday Newsletter from the schedule due to lack of support to help publish it. I would like to return to the Tuesday and Thursday schedule as the news is picking up and there is just too much of a lag waiting for just a weekly Newsletter. If you want to help make this happen please help out. I am getting lots of request to do it but I need support from all of you to make it happen. Please be generous as this takes lots of time to put together and report upon. Calls to Iraq at this critical time are also expensive.

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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. They are now even using the words like imminent again. Yes, we have seen this before and something always seems to stop it. I cannot help that and are powerless to prevent such events. All we can do it pray and pray hard that God allows this blessing and this is the time to give it to us. Remember the great modern day prophet Kim Clement and he relayed many Iraqi dinar prophecies to us in the past before his death. Does God lie? He is going to live up to his promises and he always does. But evil is allowed to exist too in is earth. So we must deal with that too. This is where PRAYER comes in. Get it?

click on picture to listen to prophecy

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

“Everything is Unraveling For Your Enemies“

Go to the 12:22 mark on the video. Given on Aug 13th  

 

“You Will See Things You May Not Understand“

Go to the 14:33 mark on the video. Given on Aug 14^th  

Things are not as they appear to be. You may ask yourself what is going on.

Things that have been hidden will soon be exposed. More understanding will happen once you see what is really going on.

“The Financial System In This Nation is Going To Violently Shake “

Go to the  17:41 mark on the video. Given on Aug 15^th 

Another one about our financial system. God has been talking many times about the changes that are to come. Something is about to happen to it. Again God says there is nothing to fear.

IS THERE REALLY FAKE NEWS?

Are they purposely lying to us? I call this propaganda!

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.  

OPERATION ECONOMIC OUTCAST

This will probably finally break the proverbial camel’s back with Iran. We can only hope for the sake of Iraq. Will the U.S. allow limited trade between Iraq and Iran? Iran is a major trading partner with Iraq. Iraq depends on certain food products from Iran.

BREAKING: THE SUPREME COURT JUST ACCEPTED A PROPERTY TAX FIGHT

I think we are all going to luv this one. Let this be the beginning of the end to property taxes on individual property, i.e. homes. Already 16 states have taken the initiative to begin more inventive ways to create funding and relieve the funding issue from property taxes. Your district can do it too, but you have to research ways. perhaps a start is learning from other states that have already done it?

TRUMP’S REAL PLAN TO REBUILD AMERICA 

What is president Trump really up to?

HERE WE GO AGAIN…..

FEDERAL GOVT COMPLETES AUDIT OF VIRGINIA VOTER ROLES. And what did they find?

TRAGIC DAY’: GOP rep blasts uncooperative Virginia gov after voter roll finding of hundreds of non-citizens on voter it’s rolls. Is this beginning to sound familiar. Do we know why now the democrats needed open borders and fought president Trump on closing them?

Oh… but we have the most secure voting process, says the democrats….yeh right…. ☹

MUSLIM BROTHERHOOD NETWORK IN AMERICA

The ‘over-arm’ of the Muslim Brotherhood in the US.

FARAGE’S HUGE DEPORTATION ANNOUNCEMENT

Oh…. they say in the U.S. it’s just the crazy republicans who want deportation. Really? This is a global issue not just a U.S. democrat or republican issue. We must cut off the head of snake that brought this problem to our nations to begin with….and who is this snake?

PRIME MINISTER’S ADVISOR: DIGITAL DINAR A PROMISING PROJECT TO ENHANCE THE EFFICIENCY OF MONETARY POLICY

The Prime Minister’s advisor, Mazhar Muhammad Salih, confirmed on Monday that the digital dinar is a promising strategic project and not an independent solution to the liquidity crisis. While he pointed out that paying salaries digitally enhances the speed of payments and reduces cash transactions, he indicated that the success of the digital dinar depends on expanding banking services and infrastructure.

Saleh told the Iraqi News Agency (INA): “The proposal to launch the digital Iraqi dinar is one of the ideas that deserves to be studied within the framework of Iraq’s move towards digital transformation and the development of the financial system. 

If the digital dinar is meant to be a digital currency issued by the Central Bank of Iraq and enjoys the same legal force as the paper dinar, then it could represent a modern tool to enhance the efficiency of monetary policy, improve liquidity management, and develop the government payments system, which is what most central banks in the world are working on today.”

He added that “a sovereign digital currency does not mean creating a new currency, but rather issuing a digital form of the Iraqi dinar, so that it becomes available for electronic trading through digital wallets and bank accounts, while its value remains equal to the paper dinar,” explaining that “the importance of the digital currency lies in reducing reliance on cash, lowering printing, transportation and protection costs, speeding up payment processes, enhancing financial inclusion, as well as reducing the unregulated cash economy and its associated tax evasion, money laundering and corruption.”

Saleh pointed out that “the digital dinar should not be blamed for addressing the cash liquidity crisis, as the crisis, if it exists, is primarily linked to structural economic and financial factors, including the structure of the general budget, the level of government spending, citizens’ confidence in the banking sector, the size of deposits, and monetary policy,” stressing that “the digital dinar is a means to improve the efficiency of cash management, and not an independent cure for macroeconomic imbalances.”

He continued:

“The Central Bank of Iraq has made significant progress in the digital transformation process by expanding electronic payment systems, digital wallets, point-of-sale devices, and linking banks to modern settlement systems.” He pointed out that “these measures represent the foundation upon which future decisions can be made to issue a sovereign digital currency, but this requires completing the legal and legislative frameworks, strengthening cybersecurity, and providing a technological infrastructure capable of accommodating this transformation.”

He explained that “disbursing salaries to employees and retirees in digital form is technically possible, especially since a large segment of salaries are currently disbursed via bank cards linked to the localization of government salaries and pensions,” noting that “in the future, the possibility of depositing salaries directly into digital wallets or accounts linked to the digital dinar can be studied, which reduces the need for cash transactions, enhances the speed of payment execution, and limits the risks of transferring and handling money in cash.”

Saleh explained that “the success of this transformation depends on several requirements, 

1.most notably expanding the spread of banking services in all governorates,

2.increasing the number of electronic payment devices and ATMs,

3.improving the quality of communications and internet services, and

4.raising the level of digital financial literacy among citizens, in order to ensure that society accepts these modern methods and uses them with confidence and security.”

The Prime Minister’s advisor pointed out that “the launch of the digital Iraqi dinar represents a promising strategic project, but it is not a substitute for economic and financial reforms, rather it is part of them. Its success requires a more diversified economy, a more efficient banking sector, and disciplined financial policies, in addition to an integrated legal and technical framework. When these elements are available, the digital dinar can contribute to enhancing financial stability, improving liquidity management, and supporting the transition towards a more efficient and transparent digital economy, in line with modern global trends in managing monetary systems.”

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IRAN, IRAQ MOVE TO REMOVE BANKING BARRIERS

 Senior Iranian and Iraqi officials discussed ways to remove banking obstacles and facilitate access to Iranian foreign-exchange resources held in Iraq.

Iranian Central Bank Governor Abdolnasser Hemmati held separate meetings with his Iraqi counterpart Nizar Nasser Hussein and Finance Minister Faleh Sari during his visit to Baghdad, focusing on banking and economic cooperation. Hemmati stressed the need to accelerate mechanisms allowing Iran to use its funds held in Iraqi banks and called for easier banking procedures for Iranian traders and exporters, particularly for transferring funds.

The Iranian and Iraqi central bank chiefs agreed to continue consultations to achieve practical solutions for managing and accessing Iran’s foreign-exchange resources. Hemmati also invited Hussein to visit Tehran to finalize banking agreements

In his meeting with the Iraqi finance minister, Hemmati presented technical proposals aimed at speeding up the settlement of Iran’s financial claims. The two sides also discussed expanding economic cooperation and using Iranian contractors’ technical capabilities in Iraqi development projects.

Hussein welcomed closer economic ties, saying Iran and Iraq should make better use of their natural resources and skilled workforce to expand technical, engineering and financial cooperation.

Really? Watch the latest news on this video…… enough said….

OPERATION ECONOMIC OUTCAST

The US Treasury secretary Bessent announces MAJOR operation targeting Iran’s economy. So, do you actually think the US is going to allow this proposal to go through with Iran and Iraq? Here is why I am saying this article is just foolishness and shows just how desperate this radical Iranian regime is.  

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THE CENTRAL BANK OF IRAQ IS DISCUSSING REMOVING ZEROS FROM THE DINAR.

Al-Mustaqilla reveals: Removing zeros from the Iraqi dinar is under discussion within the Central Bank.

August 19, 2026  

The Independent – The eyes of economic and banking circles in Iraq are turning to the Central Bank of Iraq, amid information about internal discussions regarding the project to remove zeros from the Iraqi dinar and modernize the currency and the monetary and banking system, in a step that, if the decision is made to proceed with it, will be one of the biggest monetary transformations in the history of modern Iraq.

According to an informed source who spoke to Al-Mustaqilla, the issue of removing zeros is still under discussion within the Central Bank, and has not yet turned into a final binding decision, while a number of scenarios are being discussed regarding the future of the Iraqi currency and the mechanism for transitioning to the new monetary system.

The source indicates that the Central Bank is preparing to issue a statement or clarification soon explaining its direction regarding the project, and whether it will proceed with changing the currency, or will be content with updating the banking and monetary system while keeping the current currency.

Between removing zeros and changing the value of the dinar:

Economically, there is a fundamental difference between removing zeros and raising the value of the Iraqi dinar.

Removing zeros is essentially a process of renaming a currency, converting large nominal values into smaller monetary units. For example, if three zeros are removed, 1,000 dinars might become one dinar of the new currency, with a similar conversion occurring in prices, wages, deposits, debts, and contracts.

This means that removing zeros does not in itself create new wealth or increase the purchasing power of the citizen.

Raising the value of the dinar against the dollar is a different decision that is linked to monetary policy, the size of foreign reserves, financial balance, trade balance, domestic liquidity, and the central bank’s ability to defend the exchange rate.

Therefore, any serious economic discussion about the project should not confuse the two terms.

Why is Iraq considering removing zeros?

The Iraqi monetary system suffers from inflation in the nominal value of money as a result of decades of accumulated inflation and exchange rate changes.

The presence of banknotes in high denominations, along with transactions amounting to millions and billions of dinars, raises the cost of counting, storing, transporting, and accounting settlement, and increases the need for more advanced electronic systems to manage payments.

From an accounting and banking perspective, restructuring currency denominations can contribute to:

• Simplifying daily transactions.
• Facilitating accounting and the preparation of financial statements.
• Reducing the size of numbers in banking systems.
• Improving the efficiency of payment and settlement processes.
• Facilitating the transition to an economy more reliant on electronic payments.
• Reducing some of the costs associated with printing, transporting, and managing cash.

But the success of this step does not depend solely on changing banknotes, but rather on a comprehensive reform of the monetary and banking system.

The central bank faces a sensitive decision:

Information obtained by “Al-Mustaqila” indicates that the discussion is not only about printing a new currency, but also about the formula through which the transition from the current system to a more efficient monetary system can be made.

Here a number of fundamental economic questions arise:

Will the zeros be removed while keeping the real value of the dinar unchanged?

Will there be a comprehensive repricing of goods and services?

How will bank deposits and loans be processed?

How will the salaries of employees and retirees be transferred?

What will happen to commercial, real estate, and investment contracts?

And how will cash outside the banking system be dealt with?

These details will be more important than the shape of the new currency itself.

Parliament enters the equation:

If the central bank decides to officially proceed with changing the currency or redefining its monetary units, the project will need a clear legal framework.

According to the source, there is a discussion about preparing a draft law that can be submitted to the House of Representatives if the Central Bank makes an official decision to proceed with the project.

This means that if the file moves from the study phase to implementation, it will not be a technical decision related to the central bank alone, but will become a broad national project that requires coordination between the central bank, the government, parliament, the banking sector and financial institutions.

The most dangerous factor: currency circulating outside banks

One of the most difficult issues any project to remove zeros will face is the amount of cash outside the banking system.

The success of the currency restructuring process requires accurate knowledge of the volume of cash in circulation, the mechanisms for replacing old banknotes, the dual circulation period between the old and new currency, and the mechanisms for combating money laundering and the introduction of illicit funds into the banking system.

Therefore, if the project is adopted, it will be an opportunity to reorganize the movement of money within the economy, but at the same time it carries great risks if the replacement process is not governed by precise and transparent procedures.

What about the dollar?

The Iraqi economy is characterized by a high degree of dollarization, as the dollar is used in part of transactions, savings, trade and real estate, in addition to the dinar’s exchange rate being linked to the central bank’s monetary policy.

Therefore, changing the shape of the dinar without addressing the reasons for the preference for the dollar may not, on its own, lead to increased confidence in the local currency.

Confidence in the dinar is ultimately linked to deeper factors, most notably:

Exchange rate stability, inflation control, strong foreign reserves, fiscal discipline, sound banking system, and economic policy stability.

Possible economic scenarios:

The future of the project can be read through three main scenarios:

The first scenario involves modernizing the banking system without changing the currency. This scenario entails focusing on electronic payments, reforming banks, upgrading banking systems, and improving liquidity management, while maintaining the current dinar in circulation.

The second option is to remove zeros while maintaining the real value of the dinar.
In this case, the currency unit, denominations, and nominal numbers are changed, but the process itself is not considered a true revaluation of the dinar’s exchange rate.

Third: Removing zeros in conjunction with a broad monetary and banking reform.
This scenario is the most complex, as it requires restructuring exchange rates, liquidity management, banking systems, prices, wages, contracts, and debt, along with a widespread public awareness campaign.

The real challenge is not the banknote.

Economically, a new currency can be printed within a limited period, but rebuilding confidence in the currency takes years.

If three zeros are removed, for example, a citizen who had 10 million dinars will have 10,000 units of the new currency according to the same conversion rate; that is, the calculation changes, but the real economic value does not change simply by removing the zeros.Therefore, talking about removing zeros as a direct means of “raising the value of the dinar” requires economic scrutiny.

A strong currency is not made by small denominations of currency, but by a strong economy, a stable monetary policy, and reliable financial institutions.

What is the market waiting for?

The Iraqi market is awaiting what the Central Bank will issue in the coming perio:

Any official announcement must clearly answer several questions: the implementation date, the conversion rate, the new categories, the dual trading period, the currency exchange mechanism, the status of deposits and loans, exchange rates, the fate of contracts and salaries, and legal guarantees for citizens and companies.

(Mnt Goat: This is the education part I keep talking about. Do you get it now. Not some TV monitor stuff being show about the removing of the zeros. Unless we get these things from the CBI there is no removing of the zeros. All these current other TV advertisements in Iraq are fine, they give us a hint they may be doing it shortly, but unless we see these items addressed to this the extent listed above in this article, we will not see the removing of the zeros yet. Will we see it in the near future? I believe they are marching towards the 3^rd Economic Scenario listed above in the article.)

A clear official message will also be important to prevent speculation and rumors that could exploit any inaccurate talk about a “new currency” or a “sudden increase in the value of the dinar”.

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REMOVING ZEROS: A CURRENCY RESTRUCTURING OR A STEP TO BOOST CONFIDENCE IN THE DINAR?

The issue of removing zeros from the Iraqi currency has resurfaced, amid economic debate about the feasibility of this step and its implications for the value of the dinar and the purchasing power of the citizen, as well as the readiness of the banking and financial sectors to implement it.

Economic experts believe that removing zeros, if implemented within a comprehensive study and a clear plan, could contribute to restructuring the currency and simplifying financial and banking transactions, while emphasizing that the measure itself does not mean an increase or decrease in the purchasing power of the dinar, as long as prices, salaries and savings are transformed at the same rate.

Strengthening the value of the dinar

Economic expert Haider Al-Sheikh told Al-Sabah newspaper: “Changing the Iraqi currency and removing zeros will enhance the value of the Iraqi dinar against foreign currencies,” explaining that “changing the currency will contribute to reviving the economy and providing cash liquidity to the government.”

The sheikh explained that the currency change process, according to the study, requires several months to print specific denominations in batches, in preparation for replacing them with the current currency. He pointed out that this process could contribute to strengthening the balances of government and private banks in Iraqi dinars and providing liquidity. 

The necessary cash.

He added that another benefit of the process is “knowing the amount of currency held by the government and banks, as well as knowing the volume of currency circulating in the market.” The sheikh pointed out that Iraq, after 2003, printed more than 100 trillion dinars, indicating that about 70 percent of the printed cash is outside the government’s control and stored in homes. And it is traded on the market.

(Mnt Goat: Traded on the market means it’s mostly in our hands. Can’t forget about what us investors bought and are hanging on to. They won’t get these dinars back unless they show us a good rate on FOREX. 😊)

Renaming the monetary unit

For his part, economist Mustafa Faraj said that “removing zeros from the Iraqi currency, if implemented according to a comprehensive study and plan, represents a positive step towards restructuring the currency and simplifying financial and banking transactions,” stressing that “the process itself does not necessarily mean an increase or decrease in value.” 

The purchasing power of the dinar.

Faraj explained that removing three zeros, for example, means changing prices, salaries, and balances by the same percentage, and therefore the citizen’s purchasing power does not change as a result of the removal alone.

He added that the main economic benefit is “reducing the volume of circulating figures, facilitating accounting and banking operations, supporting electronic payment systems, and making dealing in dinars more efficient and transparent,” stressing that the success of the step is linked to monetary stability, price control, and broad public awareness.

He explained that removing zeros could be part of a “broader monetary and banking reform package that enhances confidence in the dinar and supports economic stability.” 

It is not a single, formal procedure.

(Mnt Goat: these last two paragraphs of the article tell us that removing the zeros is part of a broader plan to reinstate afterwards. Their words today again not mine. Dr Shabibi’s words from 2011 not mine. This is in preparation for the reinstatement, when the dinar does get a vast revaluation when it goes live again on FOREX.)

Risks of the conversion phase

In contrast, economic researcher Ahmed Eid warned that the most prominent risks that may accompany the removal of zeros are not related to the accounting removal process itself, but rather to the conversion phase and what may accompany it in terms of confusion in the markets and exploitation by some traders, especially in rounding prices upwards.

He explained that goods with small prices may be more likely to increase when converted to the new monetary unit, which, if this is repeated on a large scale, may lead to citizens feeling an actual increase in the cost of living, even though the process of removing zeros is theoretically supposed not to change purchasing power.

Eid pointed to other risks, including the weak financial literacy of some citizens, particularly with regard to converting cash savings, pricing goods and services, contracts and debts, as well as the possibility of speculation and rumors spreading about the value of the dinar.

He stressed that these risks become greater if the operation is carried out during an economic period suffering from financial pressures and problems related to liquidity and confidence.

Dual pricing and oversight

To protect the purchasing power of citizens, Eid called for the adoption of a sufficient transitional period preceding and accompanying the change process, during which dual pricing in the old and new dinars would be adopted, and precise rules would be put in place to prevent arbitrary rounding of prices, in addition to tightening control over markets and implementing a broad awareness campaign.

He stressed the need for the central bank to ensure that all bank accounts, savings, debts, salaries and contracts are converted in the same proportion, with the new currency being made available in an organized manner, and a period of simultaneous circulation of the two currencies being maintained.

He stressed that “the most important thing is that the removal of zeros should be preceded by real financial and monetary stability,” explaining that protecting purchasing power is not achieved by changing the form of the currency, but rather by controlling inflation, stabilizing the exchange rate and addressing financial and economic imbalances.

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ECONOMIST: REMOVING ZEROS WILL REDUCE INFLATION AND WITHDRAW MONEY FROM CORRUPT OFFICIALS.

Economic researcher Haitham al-Khazali believes that removing zeros from the currency will reduce inflation in the financial markets and markets. He added that it will also draw cash held by citizens, merchants, and investors into banks, and compel corrupt individuals to surrender their illicit funds.

Al-Khazali told Al-Maalouma, “The government’s move to remove zeros from the currency would be a step in the right direction if it proceeds with such a transformation, as it would restore the Iraqi currency’s strength and reduce the inflation rate.”
He added, “Removing zeros opens the door to the reintroduction of smaller denominations, such as dirhams and fils, which were previously in circulation. Furthermore, it will force those holding cash, including merchants and investors, to deposit it in banks.”

He explained that “removing zeros will reveal the size of the cash held by citizens and will also recover funds acquired by corrupt individuals, ensuring their return to the state.”

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A CRISIS OF CONFIDENCE AND A CASH ECONOMY: AROUND 97 TRILLION IRAQI DINARS ARE OUTSIDE THE BANKING SYSTEM

Cash held outside the banking system constitutes one of the most prominent challenges facing the Iraqi economy, given the continued reliance of a large segment of citizens and merchants on cash transactions and keeping part of their money outside banks.

While money outside the banking system does not necessarily mean that it is entirely hoarded, its sheer size raises questions about the weakness of banking transactions and the ability of banks to attract savings and convert them into loans and financing for projects and investments.

This reality reopens the file on the relationship between citizens and banks, the reasons for the continued preference for cash, and the repercussions of a cash economy on the movement of money and economic activity, especially with the presence of dozens of banks operating in the country.

Money outside banks

The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, told Shafaq News Agency that “the fact that some cash remains outside the banking system represents one of the challenges facing the Iraqi economy, given the limited benefit the banking sector derives from these funds in deposit and credit operations, and in financing projects and investments.”

Saleh explains that “money hoarded in cash, whether by households or companies, remains outside the scope of financial intermediation, which limits the ability of banks to employ savings in financing economic activity, and increases reliance on cash and the informal economy, in addition to the high cost of cash transactions and weak financial transparency.”

He emphasizes that “the problem does not lie in the use of cash itself, but rather in its transformation into a means of hoarding savings instead of directing them through financial channels towards investment and production.”

He points out that “returning these funds to the economic cycle requires building trust in banks and providing real incentives for saving, through developing savings products, offering competitive returns on deposits, enhancing depositor protection, improving banking services, reducing the cost and procedures for opening accounts and transfers, and expanding electronic payments, digital wallets, and points of sale.”

Saleh concludes that “the process should not stop at the transfer of money from homes to banks, but should move from deposits to credit, from credit to investment, and ultimately to production and job creation.”

The amount of money outside banks 

In contrast, financial expert and former Director General of the Central Bank, Mahmoud Dagher, offers a different interpretation of the nature of funds outside banks, stressing that they do not all represent hoarded funds.

Dagher told Shafaq News Agency that “the amount of cash issued is about 105 trillion dinars, of which about 8 trillion dinars are inside the banking system, while about 97 trillion dinars are outside it.”

He explains that “about two-thirds of the money outside the banking system is used to settle cash payments between merchants, real estate sales and purchases, and pay salaries and wages, while hoarding may represent about a quarter of the money outside banks.”

Dagher links the continued reliance on cash to “insufficient trust in banks, along with prevailing customs in Iraqi society and the slow transition to electronic payment,” noting that “the transition to a broad electronic payment system requires a long period of time, with the continued development of banks and payment tools.”

The figures for monetary issuance highlight the importance of the discussion regarding the amount of money circulating outside banks. However, monetary issuance does not necessarily mean that the entire amount represents money hoarded by citizens, nor does its increase automatically mean the printing of new money.

According to Dagher’s reading, the majority of money outside banks enters the market and settles cash payments, which makes distinguishing between circulating cash and hoarded money essential when assessing the size of the problem.

Cash presence 

Despite the presence of a large number of banks, cash transactions still occupy a large part of economic activity in Iraq.

The number of operating banks reached 72, including 7 government banks and 65 private banks. However, the large number of banks does not necessarily mean a high level of banking transactions, as the main challenge remains the extent to which citizens and companies use banks for saving, payment and financing.

The Central Bank is working to promote financial inclusion and expand the customer base of the banking system, in addition to expanding electronic payment methods and spreading financial literacy.

First choice for Iraqis

Economic expert and professor of political science at Dhi Qar University, Najm Abdul Tarish, told Shafaq News Agency that “the continuation of the cash economy is linked to a set of overlapping factors, including weak confidence in banks, deeply rooted habits of dealing in cash, the expansion of the informal economy, as well as the limited use of electronic payment in some activities.”

He adds that “the problem does not lie in the existence of cash within the economy, as it is a natural part of any financial system, but rather in cash becoming the primary means of settling transactions and holding savings, which reduces the money that passes through banks and limits their ability to create credit and finance economic activity.”

Available data indicates that the number of payment cards in Iraq has exceeded 20 million, but their actual use is still less than their widespread use, while a number of cardholders primarily use the accounts to withdraw salaries rather than use them for daily purchases and payments.

Possible solutions

Addressing the problem does not stop at returning the funds to the banks, as the ultimate goal is to bring them back into the economic cycle more efficiently.

When money is converted into deposits, it can give banks greater ability to provide credit, and when credit is converted into investment and productive projects, this can be reflected in growth, job creation, and increased economic activity.

Therefore, the challenge facing Iraq is not only the amount of money outside the banks, but also building a banking system that makes the citizen and the merchant find in the bank a safer, more useful and easier way than keeping money and dealing with it in cash.

Ultimately, the large amount of cash outside the banking system reveals the continued dependence of the Iraqi economy on cash transactions, at a time when the banking sector is seeking to increase its role in savings, credit, and financing the economy.

While Mazhar Muhammad Saleh believes that returning funds to the banking system requires restoring confidence and stimulating savings, Mahmoud Dagher points out that the largest portion of funds outside banks actually moves in the market and does not represent complete hoarding, while Najm Abdul Tarish links the continuation of the cash economy to weak confidence, prevailing habits, and the limited use of electronic payment.

The transition from a cash-based economy to one more reliant on banks and electronic payments remains linked to the banking sector’s ability to restore confidence, provide more efficient services, and transform funds from mere cash transactions into deposits, credit, investment, and production.

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IRAQ REVIVES PLANS TO REMOVE ZEROS FROM DINAR

At a Glance

• The Finance Committee discusses currency reform
• The Central Bank has prepared new designs
• Reform would not change purchasing power
• The process could take up to seven years

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Iraq has renewed discussions over a long-planned currency reform that would remove zeros from the dinar, with the Central Bank and Parliament examining the requirements for implementing the proposal.

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Key Statements and Focus Area

• No change in value: The Finance Committee considers the removal of zeros an accounting and monetary reform rather than a change in the actual value of the currency. Under the proposal, removing zeros would simplify the figures used in commercial transactions, government budgets, and banking operations without changing the purchasing power of the dinar. The measure is also intended to reduce calculation and accounting errors associated with the large denominations currently used in Iraq.
• Banking system: One of the main objectives is to bring an estimated 8 to 10 trillion dinars currently outside the formal banking system back into circulation through banks. The information provided indicates that a large proportion of Iraq’s cash is held outside banks, creating challenges for liquidity management and efforts to track monetary flows. The proposed currency change is therefore also being viewed as part of a wider effort to strengthen the banking system and improve control over cash circulation.

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The parliamentary Finance Committee has held discussions with the Central Bank of Iraq over the proposal to remove zeros from the Iraqi dinar and introduce redesigned banknotes. The proposal remains under discussion and has not received final political approval.

According to information obtained by Channel8, the Central Bank has completed preparations for the proposed currency, including the designs and specifications of the new banknotes. The Central Bank said preparations for the currency reform have been underway since 2012.

Final samples of the proposed banknotes have reportedly been prepared, covering all denominations. The plan would involve printing approximately 7.5 billion individual banknotes, with estimated costs of around 250 billion dinars. Germany, France, Australia, and the United Kingdom have reportedly been selected to handle production of the new currency.

The currency reform cannot proceed without a legal framework. The government would need to submit a special draft law to Parliament before the Central Bank could formally implement the currency change. If approved, the replacement process would be carried out gradually rather than through an immediate withdrawal of existing banknotes.

The full process is expected to take between three and seven years. Despite the Central Bank’s preparations, there has been no final decision to implement the currency reform. The project remains dependent on political approval and the passage of the required legislation.

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DESPITE GOVERNMENT DENIALS, A MEMBER OF THE FINANCE COMMITTEE CONFIRMS THE IMMINENT REMOVAL OF ZEROS FROM THE DINAR.

(Mnt Goat: More proof again they are moving ahead sooner not later with the project to delete the zeros. Now we have not just one member of Al-Zaidi’s cabinet but two members confirming this.)

It should be noted that “government statements issued earlier denied the existence of efforts to remove zeros from the Iraqi currency, after the Minister of Communications, Mustafa Sand, announced that there was a government intention to remove them.” 

Jamal Kojar, a member of the Finance Committee in Parliament, confirmed today (Tuesday , August 25 , 2026) that there is a government trend towards officially removing zeros from the Iraqi dinar and issuing a new paper currency.

According to The New Arab Network, as translated by Baghdad Today, Kujer said, “The government believes that removing zeros from the currency will bring great benefits to the country, explaining that there are requirements with ‘international’ standards that will be achieved by removing the zeros, including the transition to electronic currency trading, which will bring benefits in terms of combating corruption and developing commercial trading,” according to the network.

(Mnt Goat: They don’t need the newer lower denominations to trade the dinar as Vietnam is trading the Dong and they also have the three zeros left over from the Vietnam era war. What this is saying and confirming to us again they fully intend to remove the zeros as the first step in the process which is going to lead shortly afterwards to FOREX , where the dinar can be traded internationally.)

He added that “the Iraqi market also needs small denominations for local use, which is not currently possible with the presence of zeros,” stressing that “the main goal is to prevent currency smuggling abroad, and to limit its circulation outside the Iraqi banking system, and thus reduce corruption.”

He explained that “all criminal activities in the world are carried out through money that is traded outside the country’s banking system,” adding, “The government may put in place safeguards that enhance transparency in financial transactions by digitizing the currency after removing zeros from it, which helps in the process of combating financial corruption.”

The network also indicated that “the Iraqi government received recommendations from international bodies, including the United States, to remove zeros from the Iraqi currency, arguing that this would help to strengthen confidence in the Iraqi dinar and thus contribute to attracting more foreign investments,” while also confirming in its report that the Central Bank of Iraq “has not yet provided a timetable for implementing the process of removing zeros,” as it described it.

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PARLIAMENT SUPPORTS THE CENTRAL BANK’S EFFORTS TO ENHANCE MONETARY STABILITY AND PLEDGES LEGISLATION TO ACHIEVE THESE GOALS.

 The president received House of Representatives Hebat Al-Halbousi on Sunday, the governor of the central bank Nizar Nasser Hussein he and his accompanying delegation, while emphasizing the importance of developing the performance of the banking sector and raising the efficiency of financial institutions.

A statement from the office Al-Halbousi the meeting discussed a number of issues related to monetary policy and the banking sector, and prospects for developing the financial system in Iraq”

The president confirmed House of Representatives during the meeting, he expressed his support for the visions and directions adopted by the Central Bank, which contribute to strengthening monetary and financial stability, developing the performance of the banking sector, and raising the efficiency of financial institutions, in line with the requirements of the next phase. He stressed the importance of continuing to update and develop legislation related to banking and financial operations, in order to provide a suitable legal environment for implementing reforms and keeping pace with economic and technological developments.

He also indicated the Council’s readiness to support the necessary legislative amendments that contribute to achieving these goals, noting the importance of accelerating the steps of digital transformation in the banking and financial sector and expanding the use of technology and digital financial solutions, in order to enhance financial inclusion and raise efficiency. Banking services. This will reduce cash transactions, contribute to enhancing transparency and combating money laundering, and curb manifestations of financial corruption.

He also emphasized the need to strengthen coordination between the legislative authority, the central bank, and relevant government entities to ensure unified efforts in addressing financial and banking challenges, supporting the investment environment, revitalizing the private sector, and achieving sustainable economic growth.

For his part, the governor of the central bank reviewed the bank’s key directions and plans for developing the banking sector and enhancing digital transformation and financial services, stressing the importance of institutional and legislative cooperation to achieve the desired goals.

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IRAQ FINANCE COMMITTEE AND CBI DISCUSS CRISIS RESOLUTION STRATEGIES

At a Glance

• Iraqi Parliamentary committee hosted CBI officials over the financial crisis.
• Discussions focused on optimizing deficit-financing strategies and engineering proactive economic crisis solutions.
• Agenda items included addressing public sector payroll delays, inflation metrics, and foreign exchange reserves.

The Iraqi Parliamentary Finance Committee hosted Central Bank officials on Sunday to discuss strengthening monetary policy, financing the budget deficit, and implementing reforms to resolve the financial crisis.

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Key Statement and Focus Area

• Lawmaker Uday Awad Kadhim stressed “the importance of establishing advanced mechanisms to strengthen monetary policy, support financial and monetary stability, and work on maximizing revenues to help boost the country’s financial economy.”
• The CBI Governor provided a detailed explanation regarding the bank’s direction in monetary policy for the upcoming fiscal years.

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Uday Awad Kadhim chaired a meeting of the Finance Committee, during which the Governor of the Central Bank of Iraq, Nizar Nasser Hussein, the Deputy Governor, Shaimaa Abbas, and the senior staff were in attendance.

The high-level session focused on evaluating monetary frameworks, optimizing deficit-financing strategies, and engineering proactive fiscal solutions to navigate the ongoing economic crisis.

The committee reviewed inflation metrics, foreign exchange reserves, and the underlying factors causing public sector payroll delays.

The lawmakers evaluated the Central Bank’s revenue-generation strategy, foreign currency auction data, local exchange rates, and subsidized dollar distribution channels for travelers.

Additionally, the committee examined mechanisms for financing the budget deficit, including the possibility of lending to the government or discounting treasury bills to finance the deficit, along with its impact on the monetary system and the national economy.

The committee also examined deficit-financing options like government lending and treasury bill discounting to assess their impact on the national economy.

During the meeting, the CBI Governor detailed the bank’s monetary policy direction for upcoming fiscal years, outlining “mechanisms to maintain monetary stability, manage liquidity, and enhance the role of the policy interest rate, explaining the impact of monetary policy on economic activity and the importance of a gradual transition to support the real economy.”

Discussions examined banking sector development and structural economic reforms to bolster financial stability.

The panel further analyzed the Central Bank’s 2025 fiscal records to verify reserve sustainability and strengthen economic resilience.

FYI

Iraq is experiencing a severe fiscal crisis, shifting from a budget surplus to a 21.24 trillion IQD deficit in the first half of 2026. 

This shortfall stems from regional disruptions in the Strait of Hormuz, which have bottlenecked southern crude oil exports. Consequently, falling revenues have caused lengthy public sector salary delays and widespread market stagnation. 

While some officials are pushing for emergency measures like printing money, experts warn this could destabilize the country’s current inflation rate. 

Earlier, Lawmaker Dilan Ghafoor told Channel8 that the Iraqi Council of Representatives will conduct the reading of the Borrowing and Grants Bill of 2026, which defines the borrowing authorities of the Prime Minister and the Minister of Finance.

The Iraqi government is also reportedly seeking to pass a bill to delete zeros from the currency, aiming to restore liquidity to banks and activate the electronic system for financial transactions in the country.

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AL-ZAYDI CALLS ON TURKISH COMPANIES TO INVEST IN AIRPORT AND RAILWAY CONSTRUCTION AND OPERATION PROJECTS AS PART OF THE DEVELOPMENT PATH

Prime Minister Ali Faleh al-Zaidi affirmed to a delegation of Turkish businessmen on Tuesday that Iraq is witnessing a promising development phase, urging Turkish companies to capitalize on available investment opportunities.

A statement from his office indicated that “Prime Minister Ali Faleh al-Zaidi received on Tuesday the former Turkish Deputy Prime Minister and Minister of Treasury and Finance, Lutfi Elvan, and his accompanying delegation, which included a number of Turkish officials and businessmen.”

During the meeting, they discussed “prospects for bilateral cooperation between the two countries, particularly in the economic and investment sectors, and ways to strengthen the partnership, thereby opening up broader avenues for joint work and encouraging Turkish companies to participate in implementing strategic projects across various development sectors in Iraq.”

The Prime Minister emphasized that “Iraq is experiencing a promising development phase, calling on Turkish companies to take advantage of available investment opportunities, especially in airport construction and operation projects, railway projects within the Development Road project, and the construction of a metro line connecting the holy cities of Najaf and Karbala. He also highlighted investment opportunities in the electricity sector through the construction of thermal power plants and solar energy projects, as well as dam projects and the development of the agricultural sector.”

For his part, the former Turkish Deputy Prime Minister expressed the readiness of major Turkish companies to enter the Iraqi market and invest in it, stressing the growing confidence in the investment environment in Iraq, in light of the support and facilities provided by the government to enhance development paths and achieve economic growth.

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LIFTING SUBSIDIES AND TIGHTENING TAX COLLECTION: AL-ZAIDI’S GOVERNMENT APPROVES A NEW PACKAGE OF ECONOMIC DECISIONS.

 On Tuesday evening, Prime Minister Ali Faleh Al-Zaidi chaired the fifteenth regular session of the Council of Ministers, which witnessed a discussion of the latest developments in the general situation in the country, a review of the files on the agenda, and the adoption of a number of necessary decisions and measures regarding them.

The Prime Minister’s Media Office stated in a statement received by Noon News Agency that, as part of the government’s measures to increase export and import capacities, the recommendation regarding the purchase of crude oil was approved, based on the price of the State Oil Marketing Company (SOMO) or the price set in the general budget, whichever is lower, with a discount of (30%), to be determined annually, starting from September 1, 2026, and paid to the public treasury, provided that its financial effects are reviewed in detail, with the implementation of the aforementioned study being based on lifting subsidies on the prices of petroleum products for all sectors, with the exception of the main products supplied exclusively to citizens (gasoline, gas oil, kerosene, and liquefied gas) from September 1, 2026.

He added that “any support granted to any sector reduces the share of the public treasury, and the proposed mechanism will be presented to the Federal Board of Financial Control for the purpose of adopting the amended accounting policy to avoid future audit observations.”

In the oil sector as well, the council voted, according to the statement, to approve the mechanisms for exporting Iraqi oil through specialized international and local companies, and through different outlets, provided that the contracts are for a period of (3) working months starting from September 1, 2026.

The recommendation regarding exceptional approvals to increase export and import capacities was also approved, authorizing the Minister of Oil to create additional transport routes for the contracts concluded and currently in force, and the authority to renew those contracts, in addition to authorizing him to approve the import of petroleum products when needed to ensure the stability of their supply and prevent crises, provided that the Oil Pipelines Company completes the work of expanding the loading platforms.

The statement indicated that the council approved the commencement of work before signing the contract for the projects to rehabilitate the (IT2A) station and a supporting unloading station for the (IT1) station with a capacity of (300,000 barrels/day) in a way that ensures the speed of preparing imported raw materials, and in a way that does not affect the principles of competition and transparency.

Regarding the procedures for regulating oil sales mechanisms, the Council approved the recommendation related to the mechanisms for advance payment of the prices of Iraqi oil sales, and the methods for companies purchasing the value of shipments to deposit, and advance payments into the relevant accounts belonging to the Ministry of Finance and the Central Bank of Iraq.

He explained that the Council also approved the continuation of payments to the Basra Gas Company for the value of its products delivered to the South Gas Company, as it is a self-financing company, and that Cabinet Resolution (308 of 2026) be amended, in addition to approving the donation of the Ministry of Oil, with an amount of 5 billion dinars to the Ministry of Health, allocated for the purchase of medicines, medical and laboratory supplies.

In the electricity sector, the statement confirmed the approval of the recommendation of the Central Review and Approval Committee for Referrals at the Ministry of Electricity, regarding the adoption of Request for Proposals (RFP) documents in the electricity distribution sector.

According to the same statement, the Council approved the adoption of the principle of prepayment of customs duties and estimated tax deposits on imported goods, starting from October 1, 2026. The importer is required to deposit the foreign exchange transfer funds for import purposes with authorized banks, and these funds will not be transferred until the importer has paid the estimated customs duties and tax deposits through the ASYCUDA system and approved electronic payment mechanisms, and transferred them to the public treasury accounts and the relevant accounts at the Ministry of Finance, within (15) days.

He continued: “The calculation of customs duties and estimated tax deposits shall be based on the initial data provided by the importer, including the commercial invoice, shipping documents, or import and customs classification, type of goods, their origin and value, in accordance with the approved customs tariff schedules.”

As part of the government’s efforts for administrative and financial reform, the Council voted to amend the instructions for regulating write-off procedures and accounting treatments, which include sending all government entities the minutes of write-off of debts and assets to the Federal Financial Control Bureau for auditing before the decision to write off is taken by the authorized entity, and the Ministry of Finance amended the instructions for regulating write-off procedures and accounting treatments (1 of 2022) to ensure the aforementioned amendment, according to the statement.

The Cabinet approved the Ministry of Transport/Air Navigation Company funding the Ministry of Finance with an amount of 15 billion dinars, allocated to border crossings, to develop the infrastructure of the Rabia, Al-Walid and Safwan crossings, in addition to suspending the implementation of Cabinet Resolution (963 of 2025) until the end of 2026, provided that the local market is monitored during the suspension period. 

The statement concluded by saying that “the Council voted to approve the extension of the Independent High Electoral Commission’s occupancy of school buildings until December 31, 2027, provided that the Commission submits a plan that includes time limits for vacating the occupied classrooms and school buildings in stages. The Minister of Trade or his designee was also authorized to negotiate and sign the draft agreement for economic, trade, scientific, cultural, artistic and sports cooperation between Iraq and the Republics of Nigeria and Zambia.”

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AL-ZAYDI: WE WILL PROCEED WITH PASSING THE POPULAR MOBILIZATION FORCES LAW AS PART OF THE ARMED FORCES.

Prime Minister Ali Faleh al-Zaidi affirmed on Thursday that the Popular Mobilization Forces enjoy the attention and care of the government, which will proceed with submitting the Popular Mobilization Forces Law for approval, as it is part of the formations and branches of the armed forces, indicating that Iraq is witnessing today a phase of building after completing the requirements of the process of defending sovereignty.

This came according to a statement from the Prime Minister’s Media Office, which was received by Shafaq News Agency, during Al-Zaydi’s reception of the head of the Badr parliamentary bloc, Hammam Ali Mahdi Al-Tamimi, and members of the bloc.

The office added in its statement that the meeting included discussions on the general situation in the country, politically, economically and in terms of security, and the government’s efforts in implementing its reform and development programs.

According to the statement, Al-Zaydi stressed the important role of the legislative authority in combating corruption and prosecuting corrupt individuals, explaining that “the government’s project is based on building a state based on a solid economy,” and emphasizing “the importance of finding radical solutions to problems with a new and innovative vision, and not postponing them.” 

For their part, the head and members of the Badr bloc affirmed their absolute support for the government in all its reform steps and procedures, especially in the field of combating corruption and regulating weapons in accordance with constitutional mechanisms.

While some forces expressed a willingness to reorganize their military and security relationship with the state, other factions, including Kataib Hezbollah, Harakat al-Nujaba and Kataib Sayyid al-Shuhada, announced their refusal to relinquish their military capabilities, and linked any discussion about their weapons to the end of the presence of foreign forces and ensuring the protection of Iraq from external attacks.

September 30th also coincides with the deadlines related to ending the international coalition’s military presence in Iraq, which some factions use as a basis for linking the future of their weapons to the withdrawal of foreign forces.

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AL-ZAYDI: EMPLOYEES’ SALARIES ARE SECURED AND THERE IS A FINANCIAL PLAN FOR THE COMING YEARS… AND THERE WILL BE NO RETREAT FROM RESTRICTING WEAPONS TO THE STATE.

• Al-Zaydi: A new budget focuses on electricity and solar energy… and a plan to reach 10 million barrels of oil within 6 years.
• The government is working to activate border crossings and has put in place more than one solution to the economic problems facing the country.
• The government has worked to activate border crossings and enhance the alternatives available for trade, which will help Iraq deal with the repercussions of regional developments and maintain economic stability.
• The government will send the draft budget law soon. It will be a roadmap for Iraq’s economic future and will focus on the electricity sector in production, distribution and transmission, and expanding the use of solar energy.

• Al-Zaidi: We were able to secure salaries and find alternative routes for oil exports, aiming to reach 10 million barrels per day and push for an increase in Iraq’s share in OPEC.
• The government is working to expand exports through the Turkish port of Ceyhan, and through Banias and Aqaba, and there are efforts to increase Iraq’s export quota through the “OPEC” organization.
• The government’s interest in the private sector means “the door is open” to it, and the development fund will have a capital of $100 billion through the contribution of the central bank and public subscription.

Al-Zaydi said during a speech at the opening of the eighth “Baghdad Dialogue” conference organized by the Iraqi Institute for Dialogue that “closing the Strait of Hormuz represents a major challenge,” noting that the strait was not closed even during the days of the embargo.

He pointed to the project of one million residential plots of land, which will extend for three years and the last recipients will be in 2029. It was emphasized that there would be no retreat from the fight against corruption, and that the government enjoys broad support from political forces to proceed with restricting weapons to the state.

Regarding foreign relations, the Prime Minister said that Iraq supported transforming its role “from an arena of conflict to a bridge for negotiation and understanding,” stressing that “our country’s weight is influential and decisive in the stability of the region.”

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QALIBAF: IRAQ IS IRAN’S FIRST PARTNER IN THE NEW SECURITY SYSTEM FOR THE REGION

(Mnt Goat: will the US go along with this proposal. I don’t think so. Do we want Iran creating any security system in the region? Doesn’t his seem weird to you in light of the Iranian conflict going on between Israel, U.S, and Iran. Really now, Iran will try anything to stay in power. These are all signs they are failing and failing fast…)

Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated that economic cooperation between Iran and Iraq has entered the implementation phase. He noted that a delegation from the Iraqi Chamber of Commerce will travel to Iran within the next two weeks to meet with economic experts and activists in the economic sector to discuss the implementation of joint practical projects between the two countries.

At the conclusion of his three-day visit to Iraq, Ghalibaf added that discussions with Iraqi officials covered security, political, and economic issues, as well as the issue of armed factions. He emphasized that Iran will “absolutely” not interfere in Iraq’s internal affairs, while also pointing out that Iraq is the primary country with which Iran can play an influential role in the “new security order of the region,” and that its cooperation in this area will expand compared to the past.

Qalibaf stated in remarks carried by the official IRNA news agency, and reviewed by 964 Network , that “it was decided to begin actual work on economic cooperation between Iran and Iraq during the visit of a delegation from the Iraqi Chamber of Commerce to Iran, and the meeting with experts from the Chamber and economic activists.”

He added on Friday night at the conclusion of his three-day visit to Iraq, “The atmosphere in the talks with senior Iraqi officials indicated a friendly and fraternal atmosphere, and the meetings and discussions showed that Iraq is on the verge of the final and decisive withdrawal of foreign forces from it, which have remained in it for many years after occupying Iraq’s land and skies.”

He continued, “God willing, these forces will withdraw from Iraq, and the sovereignty and full independence of the Iraqi people and government will be established without the presence of any foreign forces, and this is a very important event.”

He explained that “this visit was an opportune moment to discuss security, political, economic and cultural issues with Iraqi officials, and a detailed memorandum of understanding was signed between Iran and Iraq in the field of security and border security during this visit.”

Qalibaf emphasized, “During these meetings, discussions took place regarding security issues and the issue of Iraqi factions. Of course, Iran will never interfere in Iraq’s internal affairs, and any agreement reached by the factions and Iraqi officials within the framework of the constitution, while preserving their independence, will be supported by Iran as a neighboring, friendly, and brotherly country.”

He added, “The brotherly and friendly country, Iraq, is the first country with which we can be very influential in the new security system of the region, and take bigger steps in this area than we have been in the past.”

He said, “The sanctions have put pressure on both countries, but at the same time they are a great opportunity for close cooperation. Accordingly, a delegation from the Iraqi Chamber of Commerce will travel to Iran in the next two weeks to meet with experts from the Chamber and economic activists from the country.”

He explained that “with the presence of officials from the relevant ministries at these meetings, practical and field-based economic work will certainly be carried out in various fields in cooperation between the two countries.”

Qalibaf began his visit to Iraq on Wednesday (August 20) at the head of a parliamentary delegation to consult and discuss with Iraqi officials political, economic, security and cultural issues. After arriving at Baghdad Airport, Qalibaf visited the site of the martyrdom of the leaders of victory, Hajj Qassem Soleimani and Abu Mahdi al-Muhandis, and paid tribute to their memory.

During his visit to Iraq, the Speaker of the Islamic Consultative Assembly met with Speaker of Parliament Hebat al-Halbousi, President Nizar Amidi, Prime Minister Ali Faleh al-Zaidi, National Security Advisor Qasim al-Aboudi, and Chief Justice Faiq Zaidan. He also delivered a speech at a meeting of Iranian and Iraqi economic activists.

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WILL THE (SUDANESE-AMIRI-MALIKI) COMMITTEE SUCCEED IN PASSING THE “WEAPONS MANAGEMENT” INSTEAD OF DISARMING THEM?

(Mnt Goat: let’s wait and see what the U.S. is going to do about this proposal. Will they accept it? I doubt it. Meanwhile Sept 30^th is coming…. )

The deliberations of the Baghdad Dialogue Conference revealed a remarkable shift in the arms issue, with a clear retreat from dealing with September 30 as a final date for restricting weapons to the state, while a trend emerged to deposit the factions’ weapons in the Popular Mobilization Forces’ warehouses instead of the army, which means that missiles and drones will remain within a system led by Abu Fadak al-Muhammadawi, a leader in the Kataib Hezbollah and deputy head of the Popular Mobilization Forces.

Meanwhile, Prime Minister Ali al-Zubaidi appeared more frustrated than ever, expressing his wish that “time would fly by” to hasten the end of his term, while denying any intention of seeking a second term. On the issue of corruption, his striking statement was that Iraq no longer has money for corrupt officials to steal, alluding to the months-long halt in oil exports.

The data indicates that the forces of the Coordination Framework and the leaders of the Popular Mobilization Forces are trying to contain the situation by granting the government the right to conduct surprise inspections of the Popular Mobilization Forces’ warehouses, with the possibility of counting missiles and drones and verifying that they are not being used outside the decision of the Commander-in-Chief of the Armed Forces, in a settlement that seems closer to monitoring weapons than handing them over.

Following the visit of Iranian Parliament Speaker Mohammad Baqer Qalibaf to Baghdad, a committee comprising Hadi al-Amiri, Mohammed al-Sudani, and Nouri al-Maliki moved within the coordination framework to discuss the fate of the factions’ weapons, amid messages from armed forces seeking a formula to prevent sliding into a direct confrontation.

Deputy Speaker of Parliament Adnan Faihan affirmed that weapons would remain under the command of the Commander-in-Chief, denying the possibility of a “Shia-Shia war” and indicating that the leaders of the framework had been tasked with organizing the inventory of weapons. However, he emphasized that weapons would be stored within the Popular Mobilization Forces’ depots, as they are part of the state, thus making the core of the crisis related to the control mechanism, not merely the storage location.

The most controversial proposal involves registering all faction weapons with the Weapons Inventory Committee, granting the government and the committee the right to jointly inspect warehouses operated by the Popular Mobilization Forces and the factions.

Meanwhile, negotiations continue to avoid addressing the issue of individuals and elements affiliated with the factions, leaving one of the most sensitive aspects of the weapons issue outside the current settlement.

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AL-MALIKI AND AL-FAWADI DISCUSS THE ISSUE OF RESTRICTING WEAPONS TO THE STATE.

 Baghdad/Al-Masalla: On Sunday, Nouri al-Maliki, head of the State of Law Coalition, and MP Haider al-Fawadi, head of the political bureau of the Reconstruction and Development Coalition, stressed the importance of continued communication and coordination between political forces to confront challenges.

The media office of the State of Law Coalition stated in a statement received by Al-Masalla Agency that “the head of the State of Law Coalition, Nouri al-Maliki, received in his office the head of the political office of the Reconstruction and Development Coalition, MP Haider al-Fawadi, and the delegation accompanying him.”

He noted that “the meeting discussed the latest developments on the political scene, and the importance of coordinating positions and strengthening relations between the various national forces, in order to support political stability and consolidate joint national action.”

The statement continued: “The meeting also addressed the issue of restricting weapons to the state, and the need to continue efforts aimed at strengthening the authority of the state and its institutions, in addition to discussing economic challenges and ways to address them in a manner that ensures the protection of citizens’ interests and supports economic stability in the country.”

According to the statement, both sides emphasized “the importance of continued communication and coordination between political forces, and joint action to confront the challenges facing Iraq, in a way that serves the supreme national interest.”

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“AL-MALIKI HAS NOT BACKED DOWN”… HIS COALITION SENDS THE NAMES OF ITS CANDIDATES FOR THE INTERIOR AND DEFENSE MINISTRIES

 The media office director of Nouri al-Maliki, leader of the State of Law Coalition, denied on Thursday the existence of any understandings or agreements regarding relinquishing the Ministry of Interior, stressing that the issue is “not even on the table.”

Hisham al-Rikabi said in a statement via the website (X) that what some media outlets have reported regarding understandings or agreements related to al-Maliki giving up the Ministry of Interior is “untrue,” stressing that what is being circulated in this regard “is not based on any correct information.”

For his part, MP Othman Al-Shaibani, from the State of Law Coalition, said in a brief statement to Shafaq News Agency that the coalition had sent the names of its candidates for the portfolios of the Ministry of Interior and the Ministry of Higher Education to Prime Minister Ali Al-Zaidi, in preparation for deciding on the selection of the two ministers in the coming days.

A source told Shafaq News Agency that Prime Minister and Commander-in-Chief of the Armed Forces Ali al-Zaidi is still committed to managing the Ministries of Defense and Interior “on an acting basis,” given his satisfaction with the performance of the current leadership, denying the existence of any political agreement or intention to decide on the names of the two ministers at the present time.

On May 14, 2026, the Iraqi parliament granted confidence to the government of Ali Faleh al-Zaidi and its ministerial program, and voted on 14 ministers out of 23, while nine portfolios remained postponed due to disagreements over names and quotas, including the Interior, Defense, Higher Education and Planning ministries.

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AL-ZAYDI RECEIVES THE NAMES OF THE CANDIDATES FOR THE MINISTRIES OF INTERIOR AND EDUCATION

The State of Law Coalition announced on Saturday that it had sent the names of its candidates for the Interior and Education portfolios to Prime Minister Ali al-Zubaidi.

In a statement, MP Othman Al-Shaibani, from the State of Law Coalition, said that “the State of Law Coalition has sent the names of its candidates for the portfolios of the Ministry of Interior and the Ministry of Higher Education to Prime Minister Ali Al-Zaidi, in preparation for finalizing the selection of the two ministers in the coming days.”

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MUZHIR MUHAMMAD SALIH: THE 2027 BUDGET IS BASED ON AN OIL PRICE BETWEEN $50 AND $60.

  The Prime Minister’s financial advisor, Mazhar Muhammad Salih, described the 2027 budget as one of the most complex budgets in terms of planning, given the geopolitical challenges surrounding Iraq, suggesting the adoption of a hypothetical oil price ranging between $50 and $60 per barrel.

Saleh said in a press statement that the upcoming budget will place salaries, wages, grants, pensions and the social welfare network at the top of

its priorities, stressing that these items represent a “red line” that cannot be crossed.

He added that operational spending will focus on key sectors, including the maintenance of electricity networks, national security, and the provision of medicines and food baskets, which he described as “a safety valve for the Iraqi people.”

On the investment side, Saleh stressed that the electricity sector will be given top priority, noting that “electricity today is a matter of life or death for the economy and society,” and that the government program attaches great importance to the reconstruction and maintenance of power networks and addressing the electricity crisis that has been ongoing for years.

Regarding oil revenues, he explained that adopting a price between $50 and $60 per barrel comes as a precautionary measure to counter the fluctuations in global oil markets and the risks to trade routes, especially developments related to the Strait of Hormuz and its potential impact on Iraqi exports.

Saleh predicted that Iraq would return to exporting more than 3 million barrels per day after the end of the Strait of Hormuz crisis, suggesting the possibility of preparing a supplementary budget in the middle of 2027 if financial revenues improve.

Regarding the preparation of the budget, he indicated that the draft budget law will be transferred from the Ministry of Finance to the Cabinet in the coming days, and will then be referred to the House of Representatives to complete the procedures and legislative readings.

He pointed out that the state is moving towards implementing program and performance budgeting in a partial and gradual manner, with the aim of enhancing spending efficiency and linking government spending to the results achieved, instead of being satisfied with traditional oversight of spending.

Finance Minister Faleh Sari had previously announced the formation of five ministerial committees to prepare the draft general budget law for 2027, in cooperation with the World Bank.

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SALARY PAYMENTS IN IRAQ HAVE BEEN DELAYED UNTIL THE END OF THE MONTH OR THE BEGINNING OF NEXT MONTH DUE TO “LIQUIDITY SHORTAGES AND FUNDING DELAYS”.

 An informed source revealed on Tuesday that the payment of state employees’ salaries may be delayed until the end of this month or the beginning of next month, attributing this to the fact that funding for ministries and state institutions has not yet been released, despite the month having passed.

The source explained in a statement to Shafaq News Agency that the process of funding and disbursing salaries is carried out for each ministry and institution separately and sequentially, which takes several days and delays the completion of the disbursement process for all employees.

He pointed out that a number of government banks are facing a shortage of cash liquidity as a result of the decline in their cash assets, which limits their ability to provide financing or enter into domestic borrowing operations.

The source added that the absence of credit plans related to the work of some government banks, along with weak management in a number of them, contributed to the decline in the level of banking services, as well as the decrease in withdrawal and deposit activity, which negatively affects the levels of available liquidity.

He stressed that addressing the liquidity crisis requires strengthening the cash assets of government banks and revitalizing banking and credit operations, in addition to developing clear plans to support the banks’ ability to finance the needs of state institutions and ensure the smooth disbursement of salaries on time.

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US TREASURY CHIEF UNVEILS ‘OPERATION ECONOMIC OUTCAST’ CAMPAIGN AGAINST IRAN

“Around the globe, our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone,” Bessent told reporters.

US Treasury Secretary Scott Bessent on Monday unveiled plans for what he called the “Operation Economic Outcast” of Iran, expanding Washington’s secondary sanctions threats and warning countries and financial institutions that refuse to join the pressure campaign of potentially severe consequences.

Bessent’s remarks came nearly six months into the war between the United States, Israel and Iran, which has reached a stalemate amid stalled peace talks and restrictions on shipping through the strategic Strait of Hormuz.

“Around the globe, our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone,” Bessent told reporters.

“We are going to hold everyone accountable, and this is economic asphyxiation of this regime,” he said.

Bessent warned that countries that decline to participate in the US sanctions campaign would “share in the isolation” of Iran. He also said US President Donald Trump was calling foreign leaders and asking them to halt economic interactions with Tehran.

The US Treasury Department said it had issued determinations targeting five sectors — digital assets, technology, gold, aviation and shipping — that it accused the Iranian government of using to support its economy.

Bessent also warned that any entity facilitating money laundering on behalf of Iran would be “removed from the US dollar system.”

Asked whether Chinese banks conducting business with Iran could face sanctions, Bessent said, “no one is above the reach of US sanctions.”

Earlier, Bessent described the campaign as an “economic D-Day” against Tehran in an opinion article published by the Financial Times.

The measures mark a shift in Washington’s approach as the conflict enters its sixth month, with the Trump administration increasingly emphasizing economic pressure after months of military confrontation.

Trump on Monday said Iran was “completely collapsing” in a post on his Truth Social platform, as his administration shifted its focus from military action toward a broader economic campaign aimed at weakening Tehran.

The United States and Israel launched their military offensive against Iran on February 28, triggering Iranian retaliation across the region and disrupting energy and maritime trade.

Iran has since restricted most traffic through the Strait of Hormuz, a critical global energy route, while negotiations aimed at ending the conflict have stalled.

In Tehran, the Islamic Revolutionary Guard Corps (IRGC) said Monday it was ready to strengthen cooperation with the Iranian government to confront what it described as an economic war and broad sanctions imposed by Iran’s adversaries.

According to Iran’s Tasnim News Agency, the IRGC said coordination with the government was essential to overcoming sanctions and strengthening national resilience, signaling closer cooperation between Iran’s military establishment and the government as Washington intensifies its economic pressure.

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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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