ABOUT THE NEWSLETTER:
May 30, 2024 Mnt Goat News Brief
Hi Everyone,
I can’ t help being excited with today’s news, but excited with honesty and not lies. WOW! WOW! WOW!
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Going on over 10 years now, I have taken my own time to research and document findings about the revaluation and reinstatement of the Iraqi dinar. At this time more than ever I do not need to be doing this. I do it out of charity and love with understanding that all of us do NOT have the time to go do our own research. We are busy with our jobs, our daily lives and raising our children. So, I try to help out. But remember I too am very busy in my daily life too. I am no different, yet I take the time out each day to complete the task of research and composing my newsletter for you. This Newsletter will not survive without your ongoing support. There are more than 20,000 followers and readers on my blog. Why do the same handful only help out? Do the rest not want or care about the news I bring?
I feel we have been in a critical period of the currency reform program since January of last year 2023. Now we are in a “vital” period. Like a game of chess, we are now in a waiting mode for the Central Bank to make their next move and rollout the second-rate change in-country to just over a dollar, that we were told is coming. Since they told us they now control the parallel “black” market, and that negotiations were successful in lifting sanctions on many Iraqi banks.
If you have gifted already, as I can see many have recently…. a heart-felt Thank YOU!
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James 1:17
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STATUS OF THE RV
Did you listen carefully to the opening audio dialogue of today’s Newsletter? If not, go back and listen to it. The train is moving faster down the tracks now than ever before.
I wanted to share an interesting conversation I had yesterday with my CBI contact this past Wednesday. We talked about our families and then went into information about the Iraqi dinar information. I was told that the committee to work on the Project to Delete the Zeros has sent the CBI prepared articles to the news media for the sake of educating the citizens on the upcoming process. However, they are dated and so they are for the near future and not for current news. Yes, they are getting ready and moving ahead. I asked them about these TV screens broadcasting education about the lower denominations and they told me that this is not yet being broadcast. They asked me who told me this. I told them people in the US are telling investors of this news. Again, they told me it was all nonsense. So, my conclusion was that someone is filling these intel gurus out there with stupid hyped up nonsense. My suggestion is to stay away from people like this and their lies. Next, I was reminded again, as I was in the past, that the CBI is hiding nothing and will hide nothing in regards to raising the value of the dinar. That when it is time to notify the people of Iraq of any event of a revaluation, it will not only be televised but also on news articles all over the Iraq media channels.
I then wanted a verification if the status of the parallel market versus the official rate. I was told this is still a priority and the rates in the parallel market did for a couple days were very close to the official rate but that this could just be temporary. The Central Bank needed a period of time to watch these rates. I was told the effort of the CBI to loosen up on the dollar in certain sectors, where the black market dominated, did help the situation and this only could be accomplished once tightening first took place. I was also told there was a shift occurring in the obtaining of the dollars from the banks away from street vendor exchangers which is a positive sign that the official rate is taking hold, finally. These are all good signs they are showing yet more stability and consistency. I was also told this was all in line with what the CBI wanted to see at this time, as the electronic platform is to end in June.
So, I will add to today’s news that I am a bit sick and tired of these idiots telling us of these BIG screens in Iraq and of the CBI broadcasting news of the lower denominations. Simply put…. NOT HAPPENING! It is all just lies, get it? Think, Think, Think! If there were actual broadcast on Iraq TV of the newer lower denominations, or any education in this matter, then why has someone, anyone, not taken a video with their cell phone of the broadcast? I will tell you why. It is because they can’t do it because IT DID NOT OCCUR not yet. This does not mean it will not occur and sooner than later, but not yet!
Why the rush to tell so many lies!
What else is in the current news?
There was news of an article that stated and I quote – “The budget is not affected by the rise or decline in dollar exchange rates, because Iraq will receive the dollar from the export of oil, and on the contrary, revenues increase as dollar prices increase globally,” from {Euphrat News}.
All I can say is “I told you so”. The rate of the dollar to the dinar will NEVER be in the budget. How many times must I say this to you? Now once again we read an article confirming again what I have been telling you. Please stop all this stupid hype about the new RV rate being published in the 2024 budget. Read my lips – NOT GOING TO HAPPEN! I will tell you why. Continue reading….
The budget is dependent on the price of oil. Do you get it now? Their words not mine. There is no reason to put the rate of the dinar inside the budget. It does not even make any sense. Yes, the price of oil is in the budget as the budget is dependent on the oil revenues, which are in US Dollars.
What else is in the current news?
The head of the Iraqi Private Banks Association, Wadih Al-Handal, confirmed today, Wednesday, the effort to open more prospects for work with correspondent banks, while indicating that the joint committee with the American side regarding the banking sector will begin its work next week. Folks this is all positive news and exactly what we should expect to see at this point in time. Yes, it is now all about the Banking Reforms. This is what is going to get the dinar to officially pass the dollar. We already know the value is greater and so now we just need to go through the motions to get it recognized to its true value. This part is all political, yes just politics. And so please don’t tell me politics does not play a role in all this. I will say it again in that Biden is not going to let the dinar revalue. I have explained this to you before as to why I feel this way.. Sorry if the TRUTH hurts. Could some miracle happen to take him out of the Whitehouse prior to November? This could happen and I believe it MAY happen, but I have no written proof it that it will. It is just my best intuition as a woman and the knowledge I know about what is going on in Washington DC right now.
The head of the Iraqi Private Banks Association, Al-Handal said, in a statement reported by the official news agency and seen by Al-Iqtisad News, that “the Prime Minister’s recent visit to the United States of America had a great impact on the understanding with the American side,” indicating that “what is important in this understanding is the formation of the committee that will begin… Its first meeting is at the beginning of next June 2024.
We must now buckle down and pray and pray like never before for the success of Al-Sudani and his agreements with Washington are implemented. Pray for the U.S. in that there are strong enough representatives in Congress and the Senate who will stand up and continue to fight to uphold the US Constitution and keep fighting this Washington corruption. Pray that that God’s Hand will intervene and save our great country.
THE CASES AGAINST MY DAVID: Prophet Julie Green
___________________________________________
BRACE YOURSELF FOR WHAT’S COMING IN 2024
our country from the globalist forced takeover to
join a One World Government/Order?
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AMANDA GRACE |Urgent. God Just Spoke to Me About Trump’s Trial
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How to pray the Rosaries
Please try to remember to pray each and every day. The rosaries for me is my way to pray and has had a significant impact on my life. It has meant many miracles for me and my family. It can for you too, and the Blessed Immaculate Mary asks that we pray “faithfully” each day. You can also pick your own personal prayers, as the rosary is just my choice and I just wanted to share it with you.
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ECONOMIST: THE BUDGET IS NOT AFFECTED BY DOLLAR EXCHANGE RATES. AND EXPLAIN THE REASON
{Economic: Euphrates News} An economist excluded, the financial budget was affected by dollar exchange rates.
“The budget is not affected by the rise or decline in dollar exchange rates, because Iraq will receive the dollar from the export of oil, and on the contrary, revenues increase as dollar prices increase globally,” Bassem Jameel Antoine told {Euphrat News}.
He pointed out that “market commitments deal in the Iraqi dinar and there is no treatment in dollars and that building the budget is mainly on the Iraqi dinar and not on the dollar, so the budget is never affected by the dollar exchange rates.”
(All I can say is “I told you so”. The rate of the dollar to the dinar will NEVER be in the budget. The budget is dependent on the price of oil. Do you get it now? Their words not mine. Stop all this budget watching. It is just silly intel guru talk. It means nothing to us. Just another silly event to watch over and over again…yes, the roller coaster ride of TNT Tony… ☹)
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URGENT| NEXT WEEK: AN IRAQI-AMERICAN MEETING REGARDING BANKS
The head of the Iraqi Private Banks Association, Wadih Al-Handal, confirmed today, Wednesday, the effort to open more prospects for work with correspondent banks, while indicating that the joint committee with the American side regarding the banking sector will begin its work next week.
Al-Handal said in a statement to the official agency, followed by “Iraq Observer,” that “the Prime Minister’s recent visit to the United States of America had a great impact on the understanding with the American side,” indicating that “what is important in this understanding is the formation of the committee that will begin its first meetings next week.
He added, “We are very optimistic about this committee, which will be concerned with correcting the situation and returning the banking sector as much as possible to what it was, including dealing with correspondent banks and other clear points at the Central Bank of Iraq, including compliance and training of human cadres, including requirements related to money laundering.”
He continued, “What was mentioned above is adopted by correspondent banks, in addition to the standards of disclosure and transparency of sources of funds, and these are the ABCs known in banking, and we feel all the seriousness and have great confidence in the direction of the Prime Minister and the Central Bank of Iraq for this,” pointing out, “We are working in the banking sector currently.” “To open more horizons for working with correspondent banks.”
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ASSOCIATION OF BANKS: THE JOINT COMMITTEE WITH THE AMERICAN SIDE WILL BEGIN ITS WORK NEXT MONTH
The head of the Iraqi Private Banks Association, Wadih Al-Handal, confirmed on Wednesday the effort to open more prospects for work with correspondent banks, while indicating that the joint committee with the American side regarding the banking sector will begin its work next month.
Al-Handal said, in a statement reported by the official news agency and seen by Al-Iqtisad News, that “the Prime Minister’s recent visit to the United States of America had a great impact on the understanding with the American side,” indicating that “what is important in this understanding is the formation of the committee that will begin… Its first meeting is at the beginning of next June.
He added, “We are very optimistic about this committee, which will be concerned with correcting the situation and returning the banking sector as much as possible to what it was, including dealing with correspondent banks and other clear points at the Central Bank of Iraq, including compliance and training of human cadres, including requirements related to money laundering.”
He continued, “What was mentioned above is adopted by correspondent banks, in addition to the standards of disclosure and transparency of sources of funds, and these are the ABCs known in banking, and we sense all the seriousness and have great confidence in the direction of the Prime Minister and the Central Bank of Iraq for this,” pointing out, “We are working in the banking sector currently.” “To open more horizons for working with correspondent banks.”
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A STARTING POINT FOR THE “DEVELOPMENT ROAD” PROJECT
Baghdad – Iraq Today:
The Director General of the General Company for Iraqi Ports, Farhan Al-Fartousi, stressed the importance of the Al-Faw Grand Port project, indicating that it is a starting point for the “Development Road” project and that it enjoys the support of all parties in the country.
Anadolu Agency quoted Al-Fartousi as saying that “the project of the great port of Faw is the project of Iraq’s government, people and parliament, so all parties support it and make efforts to overcome obstacles in front of it.”
Al-Fartousi pointed out that the port is a starting point for the “development road” project, which extends to the Turkish border through the provinces of Diwaniyah, Najaf, Karbala, Baghdad and Mosul.
Regarding the “Development Road” and port projects, he said: “These are inseparable integrated projects, and all products coming to this port will go to Turkey via the development road, and the project has been meticulously designed to link the trade of the East with the West as a global transit point.”
Al-Fartousi pointed out that the basis of the “Development Road” project is a four-way trade alliance that includes Iraq, Turkey, the UAE and Qatar.
“The project linking the Gulf to the Mediterranean, Europe and the Caucasus will make an economic contribution to all participants and non-participating countries in the region,” he added.
He predicted that the port project will reap high revenues upon completion, adding: “The demand and importance that companies in Europe and Asia place on this project is proof and an indicator of its success.”
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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
LATEST MNT GOAT NEWSLETTER 
Ramadan starts on March 10. The Middle East likes pertinent dates. Maybe this is the date!
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I wonder if you saw this report. I think it’s great news! I conclude that 1445 might be a target by the CBI for the parallel rate. After that, he is expecting the official exchange rate to drop or rather increase to a thousand or lower, meaning better and that sounds like what we have been expecting all along for the next step. This person is close to the situation as I understand.
What is the relationship between the Central Bank’s actions? The dollar will soon stabilize at 145 thousand dinars
Economy |Today,
+A
-A
Baghdad today – Baghdad
An expert in economic and academic affairs at Cihan University, Nawar Al-Saadi, confirmed today, Monday (March 4, 2024), that the decline in the dollar exchange rate is due to demand and supply on the market.
Al-Saadi said in an interview with “Baghdad Today”, “The decrease has nothing to do with the procedures of the Central Bank, but the positive thing in the matter is that there has become strong compliance on the platform and many traders have begun to comply with it.”
Al-Saadi added, “The current decline is due to the lack of demand for the cash dollar, and the pressure on the parallel market is due to trade with Iran and Syria.”
He pointed out, “It is expected that the dollar will stabilize in the coming period at 1445, and a thousand dinars will rise or fall, and it will witness a long period of stability, if there are no sanctions on banks and banks.”
Al-Saadi stated, “The US Federal Bank has indicated the presence of sanctions, but they may affect people and not banks, and therefore the stability level of the dollar will be between the forties, and this is the real demand for the dollar, because in the last period there were fears that led to an increase in demand.”
Today, Monday, the exchange rates of the dollar against the dinar recorded a noticeable decline in the main stock exchanges in the capital, Baghdad, and the provinces.
The “Baghdad Today” correspondent said, “The price of the dollar on the main stock exchange in the capital, Baghdad, reached 149,500 dinars today, after it recorded 151,100 dinars per 100 dollars yesterday.”
Prime Minister Muhammad Shiaa Al-Sudani confirmed on Sunday evening (March 3, 2024) that lowering the exchange rate means giving the dollar to illegal trade.
Al-Sudani stated during his participation in the opening of the activities of the Al-Rafidain Dialogue Forum in Baghdad, that “the financial situation in Iraq is at its best and that commercial transactions are collected through commercial institutions.”
He added, “We give the student, the patient, the merchant, the contractor, and the investor the dollar at the official rate.”
Al-Sudani pointed out that “the notes recorded on Iraqi banks from the US Treasury are from the time of previous governments.”
He pointed out that “economic reform was one of the most important priorities of the government program.”
Al-Sudani noted that “the salaries of employees and retirees constitute the largest cash block in the financial budget.”
It is noteworthy that Iraq relies on the platform for selling currency directly to local banks and companies, which was previously known as the daily dollar auction, as one of the mechanisms for preserving the value of the Iraqi dinar and combating speculative operations in the parallel market.
The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed on February 6 that “some groups are trying to stay away from the platform for selling foreign currency in order to evade taxes or customs or the presence of illegal trade,” indicating “the possibility of meeting all requests for the dollar,” adding that “the bank has no problem.” In offering or selling the dollar.
He pointed out that “the bank is in a comfortable position to respond to requests to buy dollars. We have sufficient reserves, and soon we will launch a mechanism to ensure that only real travelers get the dollar.”
https://baghdadtoday.news/244041-%D9%85%D8%A7-%D8%B9%D9%84%D8%A7%D9%82%D8%A9-%D8%A5%D8%AC%D8%B1%D8%A7%D8%A1%D8%A7%D8%AA-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A%D8%9F.-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%B3%D9%8A%D8%B3%D8%AA%D9%82%D8%B1-%D9%82%D8%B1%D9%8A%D8%A8%D8%A7-%D8%B9%D9%84%D9%89-145-%D8%A7%D9%84%D9%81-%D8%AF%D9%8A%D9%86%D8%A7%D8%B1.html
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20 years ago st famkie told me the dinar is like a woman in labor its coming but when I still believe that
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Yes you are correct Mountain Goat: nothing is done quickly in Iraq. They move like a very slow snail. So the US Treasury is the big problem now. In my opinion it is the Biden administration that is the hold up. What happens if the democrats cheat again and we have four more years with the Biden/Harris administration? We can only hope that Trump will be reinstated next year so that Iraq can move forward with the monetary/economic reforms. Yes we may have to wait another year for our blessing. Bill Clinton once said there is a Secret Government in USA who is calling the shots. If Clinton says that it is no conspiracy theory. So what´s another year if some of us dinarians have waited for decades. Many dinarians have already died. Even some of the dinar gurus have already died. Many dinarians are homeless and live in tents holding a 25000 dinar note. But most of us live in houses and condos – have a decent income/pension. Some of us are scraping by – living a poor life – but still hang on to the impossible dream – to one day walk into a Chase bank and exchange our dinars and park enormous sums of money in our bank accounts.
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Roger, we must understand that lots of Iraqi promises have been made to the people. SUDANI s arse is on the line now, an everyone knows all these supposedly contracts that are done can’t be done at 1310. The cat is out of the bag with many of the big banks private client offices of which I can personally testify to after a visit, Jamie Dimon of Chase would not be spending all this get ready money if it’s not gonna happen. If Biden an the USTreasury are holding this up it can’t be for long, as MG has said so correctly THERE IS NO TURNING BACK at this point. Be at peace an patient it is gonna happen. My only thought is Biden does not want all this money coming into this market before the election, which he believes would hamper his chances of being re-elected…. We wait a little longer.
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“No turning back”. Indeed MG! The pressure is getting stronger and stronger by each week. ”It’s not IF, but WHEN.” Spring is on its way 🌼
What a positive reminder of the good that is to come. So much good for the Iraqi citizens and so much good for the investors worldwide. This was a great read MG. I thabk you so much for keeping us abreast weekly. Youre the only voice I listen to and trust on this topic. So appreciated. This is an exciting journey to be a part of 💫
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can you confirm again as I am getting confused. What happens if they give say 1 month to exchange for the lower demons, do we also have to find a way of doing this outside Iraq? What does this mean re the exchange rate for say a 25k note with the 3 zeros gone yet we all hold the old notes?
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Schumer is a talking, carcinogenic tumor!
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Hi Mountain Goat! Just want to thank you for all the hard work you do. Your newsletter each week brightens my family’s lives.
Now may I ask you a question? You made a statement on your recent news letter which said “Wars, displacement, and sanctions have left Iraq’s economy underdeveloped and almost solely dependent on oil exports. But things have changed in Iraq and come this mid-year 2024 we are about to see the results of many years or reforms in an explosion of progress in many areas of development in Iraq. You see, all these reforms we all have been reading about in the many articles are all good but unless Iraq actually sees any impact they are meaningless. Oh…but we are about to see the impact and it is going to be HUGE $$$.”
I’m not searching for a date or a rate, but just wondering if you gave us a clue as to when things might take place? This is Iraq, yes I know, so things can change. You talk about an explosion of reforms in ‘many areas’ taking place this summer within Iraq. If my thinking is correct there, the RV would have had to have already taken place. Also, and please correct me if I’m wrong, but these ‘many areas’ that are about to explode in reforms in the summer does not mean the RV or reinstatement occurred the night before. What I am trying to say is that the RV will precede these reforms. As you have mentioned, there will be an in-country reinstatement first. This is to reset the marketplace in Iraq and monitor inflation. If there is fluctuation in the dinar due to inflation I am sure Iraq GOI would not open these other reforms until everything was stable. Just my thoughts MG and thank you for your guidance!!
God Bless you and your family!!
Shain
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Thank you MG for your continued updates. However today I am not sure what you told us, an the status of the RV section seems confusing at best. I am a regular an long timer at this crazy investment an can generally follow you very well. Based upon your circumstances maybe you should proceed to a paid subscription as it appears requesting donations is not proving beneficial to you an there still seems to be no near finish line in sight based on today’s report. We do appreciate you an want the best for you, your health an well being. Blessings on you MG.
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It seems to me that you just said a whole lot of nothing?/
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MG (Mnt Goat) never “says nothing”.
Your statement means that you are either new and not up to speed with current info, or you are one who reads the headlines only, if that.
If you are going to ‘accuse’ – then back it up by giving an example.
Leonard
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Lots of iraqi officials are right now in DC and New York. They are paving the way for PM Sudani when he arrives at the White House on April 15. I have been told the iraqi officials have several files in their bags when they visit US Treasury and The Fed. When Sudani arrives in DC on April 15 he also will have some important files in his bag. The most important file is the sanctions on iraqi banks. I have been told the sanctions will be lifted very soon. Yes Sudani will meet Biden, but this is just a symbolic meeting for the press. The most important meetings are happening as we speak. Please also remember that Sudani has promised a MAJOR ANNOUNCEMENT before the end of Ramadan! I am optimistic for a rate change soon. We can now see evidence for the decline of the Baghdad dollar. So when will the illegal paralell rate be on par with the official rate of 1320? Sudani has mentioned a future rate of 1.32 dinars per dollar. This means an exchange rate of 76 cents per dinar.
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mtn goat, this RI is happening before the 15 April meeting imo. what is sudanis big announcement prior to April 10? You think they are going to wait until Jan 2025 for the next U.S. president who they don’t even know who will win? Not very logical
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Since when has Iraq ever been logical! Not!
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Hi MG:
Thank you for all the WOW news!!!
The article below came out about Iraq joining the SWIFT system. How is Iraq able to do money transfers on SWIFT if they are still under OFAC sanctions?
Thank you - Gavin
Chambers of Commerce: Implementing the SWIFT system will attract international commercial activities to Iraq
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WOW! In the coming days! These recent events are truly unique and we have never witnessed such developments before, I pray for the people of Iraq and all the free people of the world, that stability is maintained, that the parallel rate is squashed; for quality of life, peace and prosperity for all, In God’s Name.
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Thank you MG, for all you continue to do. It’s such a blessing to be a part of this journey. I’m so happy at the progress that’s being made in Iraq for its people.
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AMEN!
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“I am not going to make up stories to sound smart, then to lie to you.”
This is why you’re valued by so many of us MG 💖 You are a gift to us and gifts aren’t to be taken for granted. Thank you much for the integrity you display week after week behind the news surrounding our investment and the Iraqi people. What a wonderful journey and a true blessing coming to fruition.
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MNT GOAT = GOAT = G.O.A.T. = Greatest Of All Time.
UNDENIABLY THE BEST CONTRIBUTOR O. A. T.
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Good Day MG,
Any update/thoughts on lower denominations release?
Thank You
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Mountain Goat is by far the best dinar guru out there. No hype, no false hope, no rumors. Just the facts from iraqi newspaper articles. MGs unique weekly contacts with CBI makes her the most reliable guru. We have been fed with so many lies and hopium for years. I stopped listening to many of the idiotic gurus. Instead I concentrated reading all the articles from Iraq instead. By following the articles every week you can also follow the process of the monetary reform. It is now 12 years ago I found the dinar. I never thought we should wait till 2024 – but at 73 I am glad I am still going strong and in top shape. I have never lost faith in this investment. If you one day can park millions of dollars in your bank account it is surely worth the long wait. When Sudani goes to Washington DC with his big team he will do the last negotiation with US Government. This is one of the stops that must succeed. If USG say GO AHEAD WITH THE MONETARY REFORM Sudani allows the US troops to continue their presence in Iraq. In my opinion this is necessary for the security and stability in Iraq. After Sudanese visit in DC we will see LOTS of articles that explain in depth about the negotiation and talks at the White House. The incremental monetary process is necessary because the reinstatement of the dinar must not fail with the citizens!! They have been flooded for a very long time now with daily information from the iraqi government and the central bank. So far the monetary reform has been a success. IMF, US Treasury, Federal Reserve, World Bank, and Bank of International Settlments have all praised the monetary reform in Iraq. Let´s pray that Sudani and his team will succeed in DC on April 15. I look forward to read all the articles about his visit in DC. If he succeeds CBI and GOI will finalize the monetary reform within a month or so. In my opinion of course.
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I’ve been hearing since 2013 the Iraqi Dinar rate is planned to be within a penny of the Kuwait rate. Looking forward to it!
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In 2012 I installed a big dish in my garden in order to follow the iraqi tv stations every day. And I have seen so many leaders come and go but no reinstatement at all. Then came Islamic State and invaded Iraq in 2014 and everything was put on hold. I followed the war every day on television and at last in 2017 IS had been defeated. Back then Haider Al Abadi was the PM of Iraq. Yes he was a great leader and commander in chief – but unfortunately he could not tackle the corruption in Iraq. Today I watched the news on Sharqyia TV and it was all about PM Muhammad Shia Al Sudani in Washington DC. He travelled to USA with a big delegation – 130 officials. I could watch him meeting with IMF, BIS, WB, UST and the Fed. I have seen on iraqi television how he presided a very big meeting yesterday in DC with top officials. The room was crowded with top officials. He will go to Michigan, Texas and California before he returns to Iraq this weekend. Before Sudani left for USA he ordered the government to install big tv screens in Baghdad and all over Iraq. When he returns he will address the nation on television. Not every citizen in Iraq owns a tv set – therefore he ordered big tv screens to be installed so that every citizen can see him and listen to his announcement. Next Monday turkish president Erdogan will visit Baghdad. Erdogan will also pay a visit to Erbil in Kurdistan. Rumor has it that the new lower denominations will be released in May. This is a rumor – not fact. I have also heard that new small category notes will be presented on these big screens. Sudani is loved by the people of Iraq – they trust him 100 %. He will not deceive them. He arrived in Washington DC with great power and authority and he is these days the king of DC. So many wants to shake his hand and invest in Iraq. Sudani was indeed the right man to take office in October 2022. The people really love him and I also love this man for what he has done for Iraq. The CBI floor is now totally free from corruption. This was necessary for the monetary reform. Iraq will build 50 new cities. How is that possible with a worthless currency? I do not know when the reinstatement will occur – but it most certainly will happen this year.
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send like part of the newsletter is missing? Status of the RV? Intel from the CBI?
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Thank you MG! The info has been coming in on a wonderful slide.
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Hello Mountain Goat, I have a question about a comment your CBI contact told you a few weeks ago that they planned to implement the project to delete the zeros in April, and I am wondering whether or not you have been able to confirm that plan and if they are still on track for the April timeframe. Thank you for your response in advance.
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Prime minister Muhammed Shia Al Sudani will review the budget soon according to recent articles.
Simple logic tells me that the new rate must be in the budget.
PM Sudani made some kind of announcement at the Atlantic Council that Iraq will raise the value of the dinar.
He did not say when but eventually this will be done sometime this year.
Last evening CBI governor talked to the iraqi citizens on national television.
This was a pre-recorded broadcast made before he travelled to USA.
Today April 22 PM of Turkey – Erdogan – is in Baghdad to sign several MOUs.
He will later visit Erbil in Kurdistan.
I have read that Iraq will be a fully fledged member of WTO on May 9.
I do not know if this is correct – maybe a rumor.
Iraq has never been in a hurry with anything – so do not think that we are close.
I know for a fact that the big screens all over Iraq now has been installed.
The new small category notes will be exposed on these screens for the citizens.
Do not forget Hydro Carbon Law (HCL)
Everything about the reinstatement will be shown in articles and on television in Iraq.
The education of the citizens will continue
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some Iraqis say NO LARGE SCREEN TVS OUT ON THE STREETS
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Prime minister of Iraq Muhammed Shia Al Sudani returned yesterday, April 20, from USA.
His big delegation is still in USA continuing their work.
Today, April 21, Sudani will address the nation on television probably at 6 PM iraqi time (11 AM EST)
Later this evening CBI governor Alaq will be interviewed on Hurra TV at 11 PM iraqi time (4 PM EST)
Hurra TV can be viewed on live stream.
PM Sudani will continue this week to talk to the nation on TV.
A big delegation from USA is coming soon to Baghdad.
I do not expect the reinstatement anytime soon but what we now see is the finnishing touches
before the rate change.
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nice to have a mountain goater with Iraq tv giving mountain goater updates, thank you brother Roger
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I went to the WTO website and it doesn’t look like Iraq is even close to being a member yet. Scroll down to the Current Status in the Accession Process and click on the link: https://www.wto.org/english/thewto_e/acc_e/a1_iraq_e.htm
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It’s time as you have referred to as Iraq going global. They need to get things finished meaning the project to Delete the zeros and the education rapped up. I hope they don’t stall till January 2025. I don’t think they will but it does seem that for every 2 steps forward then end up 3 steps back. Hopefully the forward momentum will continue and gain speed. Looking forward to that day and hopefully it’s very soon.
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Do you really buy in to the Q psyop nonsense?
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Is the wto ascension, and education/ lower denoms all that is needed to change the rate. I am not gonna ask will it be fixed to a basket , reinstated to its previous glory rate or just over $1 and let it float, I will take any of the three. But really HOW MUCH LONGER CAN THIS GO ON, would be great to know.
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Thank you MG.
an article recently emerged from Saleh stating that it was not necessary for parliament to vote on schedules. Quite confusing. Anyhow, my question.
we know the Rate is not in the budget. We also know that the cbi has complete control over the rate ( obviously political consensus with Sudani is a big input ).
question: to the best of the contacts belief, is the government willfully holding back sending the projects to be voted on until a more favorable Iraqi Dinar rate is released. No nation wants to give their products or services away without real value globally, in return.
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Al-Sudani chairs a meeting to follow up on the outcomes of the Washington visit and issues guidance to the advisors
April 30, 2024Walter
Prime Minister Mr. Muhammad Shiaa Al-Sudani chairs a meeting to follow up on the outcomes of the Washington visit
•••••••••••
The Prime Minister, Mr. Muhammad Shiaa Al-Sudani, chaired, this evening, Tuesday, a meeting that included a number of advisors to the Prime Minister. The meeting discussed the file of the Washington visit, and the follow-up of the implementation of the agreements and understandings concluded by the official Iraqi delegation, headed by the Prime Minister, with the American side, during the last visit, based on the government’s approach in closely following up on all the files it is working on, including those related to foreign relations and understandings with Governments of countries, the latest of which is the relationship with the United States.
The meeting witnessed a discussion of the results of the meetings of the Supreme Coordinating Committee (HCC), concerned with activating the framework agreement between Iraq and the United States with its seven axes, as well as a discussion of the important economic partnership file concluded by the Iraqi private sector with major American companies.
Mr. Al-Sudani stressed the importance of following up on the understandings reached between Iraq and the United States in many areas, in order to arrange the bilateral relationship, in a way that serves the highest interests of Iraq. His Excellency pointed to the need to benefit from the competencies that the Iraqi communities abound in reconstruction campaigns and service provision, In implementing the priorities of the government program, His Excellency described these competencies as idle wealth.
The Prime Minister directed the advisors to arrange priorities in following up on the outcomes of the Washington visit, and for each advisor to follow up on a specific file, along with the relevant ministry and the Iraqi embassy in Washington, and to submit what is verified from it to His Excellency. He also directed to appoint a special secretariat for the Supreme Coordination Committee ( HSS), and emphasis on continuing periodic meetings, to follow up and review what has been accomplished.
السوداني يترأس اجتماعاً لمتابعة مخرجات زيارة واشنطن ويصدر توجيهاً للمستشارين
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Economic adviser to PM Sudani on television yesterday May 2 saying that the parallell rate is now almost on par with the official CBI rate of 1320. He also called for the dinar to float. This is something we have been waiting for a long time. The big delegation of 130 officials have now returned to Iraq from Washington. US Treasury approved and signed the new exchange rate in DC lately. Now we are seeing the result of these big meetings.
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Dear MG,
The question that I and probably most others would like to ask you is how you (a U.S. Military Intelligence officer) had originally met your CBI contact and if your contact with this person became more regular only after you had purchased the Dinar.
Respectfully yours,
TC
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Question regarding the possible China credit/rate of ~$28, for up to 20MM dinar. With China setting up China Petrol in Iraq, will China still give out this rate as specified before? Thank you.
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What is a real number we can hope the rate will stay at at the time of the RV after the first few weeks ?
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No one knows the date or rate at this time, although Mountain Goat has often alluded to another program rate change of around 1100 dinar before they delete the zeros. Once they delete the zeros from the exchange rate the new rate will be “In Country” for a period of time. As Mountsin Goat put it, it could be 3 days, 3 weeks, 3 months. This is Iraq we are talking about and they tend to be a little slow at doing things, but rest assured, it will be done… but on Iraqi time. I would suggest to just be patient and let it happen. To consistently be looking for a date or rate will drive you nuts. I would suggest to focus on the current news cycle and Mountain Goats news letters as this will point you in the right direction.
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Hey mountain Goat,
This is not for your CBI contact, thank you for the offer, but you’re so thorough I can’t think of anything you haven’t covered.
A few months ago you gave us a an example script of things we might want to say when we went in to exchange at the bank. I had saved a copy, but I have a new email and can’t access it. Do you know which archive newsletter it would be in.
Thank you
Suki
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Suki,
This is from my notes in the past newsletters…I hope this help you…
“Recently I received a question from a reader of my blog concerning the China contract rate for the dinar. Apparently this person is still confused probably because they are a newbie in this investment. So now I will clarify for everyone what I know of this matter.
Question: Can you direct me to the date you taught about the oil for dinar program or can you talk more about how to use this information to possibly exchange for close to 301 at the bank? Thank you for sharing your talents with us, you have helped me stay sane during this rollercoaster.
Mnt Goat Answer: I talked about the contract rate many times and I cannot take the time now to research which newsletters. Sorry! However, I will add that all you have to do is sit with the exchanger at a “major” bank, not a small branch, and simply ask for all the rates for the dinar. Do not say IQD, say Iraqi dinar. If they don’t give you in reply the contract rate of $28.50 then ask for it specifically and tell them you heard it was available. Is that too hard to do? If they tell you they never heard of it, then tell then this is a contract the US Treasury brokered between China and Iraq for oil at a fixed price. If they still don’t know anything about it then go to another bank. I am told you will be allowed only up to 20 million dinar for the contract rate. Anything after that is the market rate. You will have to sign an NDA not to disclose the rate to anyone for up to 90 days.”
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Thank you
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MG,
I have imagined that the RV-education process would be a formal media campaign, a designed sequence of information and PR from GOI or CBI that is explicitly or obviously associated with the RV.
However, with increasing frequency we see articles and statements that seem to be preparing people for RV-related changes, but these seem to be ad-hoc rather than part of an organized educational process.
Will the education process be a formal action with a kick-off and metrics and milestones? Or will it be more subtle than that, and could the seemingly ad-hoc articles and statements actually be part of a “shadow” education process?
Thank you for your years of outstanding reporting and analysis! I remain a huge fan and loyal follower.
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Good afternoon!
Thank you for keeping us educated and informed. I have a question regarding the delayed release of the RV.
Could it be possible that its timing is influenced by the awaited activation of the USA CBDC?
This might allow for better monitoring and control over fund usage.
What are your thoughts on this?
Thank You.
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I have followed this dinar saga for 12 years now and I have learned a lot about iraqi politics and the widespread corruption that has plagued Iraq for decades. Every year we have had great hope for a reinstatement – but after the big iraqi delegation arrived in USA headed by PM Al Sudani we now can at last see the light in the tunnel ?! POSTPONED – DELAYED – ON HOLD are the most common words we have read during the last 12 years in iraqi articles.. We are now in the second quarter of 2024. The reinstatement can happen in the beginning -in the middle – or in the end of a quarter!! My take is JUNE. This is confirmed by a wealth manager from Chase a week ago. There will soon be a slew of articles in Iraq explaining and showing the new small catergory notes to the citizens. I do not know if the big screens already have been installed – but before PM Al Sudani went to USA he ordered big screens to be installed as soon as possible. It is very possible that the new small category notes will be shown on these big screens all over Iraq. The reinstatement of the dinar is not a secret anymore – it is in plain view for those who are alert. PS Vietnam central bank has just announced that they will soon interfere on Forex!!! According to several banks in USA Vietnam will alos raise the value of the dong!! Tellers are now being trained for the big foreign currency exchange
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thank you MG, long long follower. Your reports are always informative an factual. Yes the choo choo is moving really fast, but is the train station fifty miles or 5000 miles away. All of the redone an new contracts can’t work or get going at 1320. We hope it won’t be like last time where they all cancelled because of no rate change. Not sure if Iraq will get another chance or just be a laughing stock of the world, which maybe the plan of the current US politicians/ bureaucracy. Always lots of somewhat good news but then it’s always something else to overcome. Oh the champagne has spoiled from the in an out of the frig . Blessings!
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Fact no 1: Prime minister Muhammad Shia Al Sudani has recently been on iraqi television and talked about COINS! Yes coins. Metal coins and paper fils. The people have now been informed about coins and paper fils. Paper fils are much cheaper to manufacture and more easy to handle for the citizens.
Fact no 2: Videos have been made to inform the citizens on television and on the big screens. These videos were made as soon as the delegation returned from USA in April. Sudani and his ministers and CBI governor Alaq with his board will speak to the citizens in these videos. They plan to very soon show these videos to the citizens. These videos will shown around the clock for weeks until the citizens have got the message!
Former CBI governor Sinan Shabibi said many years ago that the reinstatement can happen in the beginning of a year and in the middle of a year.
My take is still JUNE this year.
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Hi Roger, thank you for the update. I hope everything you said holds true. If these things start happening, then there is reason to start getting excited.
However. how do you know this? If I remember correctly, you have access to Iraqi TV? If so, how can you understand what is being discussed? This isn’t an attack but just asking? Thanks, Gavin
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Screen shots of Coins? link to TV interview? or just BS
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Yes, everything I write here is based on actual facts from Iraq. I would never lie about anything to give you hopium – false hope. Prime minister Al Sudani was on television a while ago and talked about coins and paper fils. He did NOT show any of these coins and fils to the citizens – only talked about them.
I cannot provide any link to this television interview. I have a big dish in my garden since 2012. I installed this big dish in order to follow the news from Iraq. I cannot provide any hard evidence that PM Sudani talked about coins and fils. But I saw him on television alright.
There is no video on internet showing this interview. You have to watch it live on iraqi television
I have learned some words in their language and indeed he talked about coins and paper fils. I can understand the language up to 10 %.
Yesterday an incredibly big article was released in Iraq about a FLOAT. Yes the iraqi dinar will float and it will not be in a basket.
The information I have received from a highly credible source about videos soon being released on television is absolutely TRUE. These videos will be shown on iraqi television around the clock.
Central bank governor Alaq and his whole board will talk to the citizens in these videos. PM Sudani and his ministers will stand shoulder to shoulder and talk to the citizens about this historic event in Iraq. I have been informed that Ministry of Planning, Ministry of Finance and Ministry of oil also will be talking to the citizens in these videos.
As soon as the big delegation returned from USA they immediately began to make those videos.
The citizens must be educated every day now before this big event in Iraq. So far it has been a big success – praised by IMF, World Bank, US Treasury, Bank of International Settlements, Federal Reserve and United Nations.
Many banks in USA are now almost done with the foreign currency exchange training. It is mainly wealth managers that are being trained.
The videos will be shown around the clock for a week or two until the citizens are fully informed about the reinstatement of the iraqi dinar.
No one knows the date and the rate – but it is highly likely that we will see the reinstatement sooner than later. In my humble opinion of course.
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MG,
Been following for a long time and appreciate all your insight. You had previously posted some info on recommended types of trusts but I forgot to print this info out. Would it be possible to get this again. Also, I’m travelling to Bavaria in September for the first time and would love your recommendations on places to see and stay. Thanks for all you do.
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Hi Roger:
Thank you for the information. I hope the videos come out soon. That would be a big boost.
Take care – Gavin
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You have stated many times that January is Iraq’s preferred month to make changes as in value to the dinar especially when talking about their budget. So they are making great headway especially the last couple of months. Do you feel that the official rate won’t be released until January to be live on Forex?
Hammer
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Hi Mtn Goat,
I was wondering this as well. If I remember correctly mid year, June, was also a feasible option. But you did mention January.😭 I am trying to stay grounded, but my Wings are flapping as fast as the news is in Iraq. If policies continue to move as fast as they are, Do you think we still have to wait another 6 months since January is the best time for them to make a fiscal change?
Thank you
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Hello Mnt Goat, thanks you for the news letters, I do have a question as to what your contact has confirmed to you, you have said many times that he has confirmed what you were thinking but you don’t say as to what exactly you were thinking. If you could go into detail about what exactly he is telling you, that would help greatly to all your readers, we would all greatly appreciate it.
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Thank you MG for a very exciting report today, yes the train is moving rapidly. As you mentioned we have moved into the second stage of financial an monetary reform. My question to you today is just how many more stages of reform are needed. It seems something is always added to the list in Iraq. You said not years to complete, however that is still a long time an since your contact has not given any timeframe which is proper conduct,, do we have to Wait till Biden is out or God forbid re-elected. Have you changed your tune in that scenario , thank you an blessings on you. We continue to wait ..
Ash
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MG has stated a few times that the Biden Admin will not allow this to happen.
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If that is the case there is no reason to get excited if Biden has to be gone until he is voted out. I might add MG seems very excited so why the excitement if he has to be gone. Do you see the conflicting statement. So put the DINAR back in the shoebox an wait no matter how good the news sounds until sleepy Joe is gone.
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“There is no reason to get excited.” Speak for yourself. 🤷♀️ Do what you wish with your dinar. There are more than several reasons to be excited; the PROCESS is moving FORWARD. There are MANY people who value the *steps* in this process. It’s the steps that will bring the revaluation of the IQD to fruition, not a “date”. Anyone who fails to be excited, is someone who doesn’t respect the process and all that Iraq has faced. Read the newsletters with understanding; not with a get-rich-quick mindset.
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Do you understand what I said, about the goats comment about it not happening till Biden is gone. Not sure I understand your ramblings. I am just saying clam down regardless of the good news, goat says ain’t happening till Biden is gone. She has said this multiple times.
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Saturday May 25 is the official start of the second phase of the banking reform goals (monetary reform) to bring back the strength of the iraqi dinar.
The second phase will introduce the new exchange rate for the lower notes – telling about the ATM machines – about apps in their phones – about the HCL.
Pre-recorded videos will be shown around the clock for the citizens on television and also on the new big screens that have been installed. These videos will feature CBI governor Alaq and his team and also PM Al Sudani and his ministers standing shoulder to shoulder talking to the citizens about the currency reform.
PM Al Sudani´s financial adviser Mudhar Saleh on television saying the budget should be voted on before Eid al-Adha holiday (June 16 – 19)
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Thanks Roger.
if there are any images like of fils or other helpful images, can you send it? Thank you
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Hello again MG, I read an article today 5-26-24 about the parallel market rate, in this post you made a comment that referred to these articles as the “Excuse articles” as to why they are not moving forward, I would appreciate it if you could confirm or deny that once again they are held up somewhere from moving forward, will look forward to your next Thursday newsletter after you have had a chance to speak to your contact on Wednesday. Here is the article that I refer to:
The government sees clear indicators: the parallel dollar will be equal to the official one
5/26/2024
Baghdad
Today, Saturday (May 25, 2024), Mazhar Muhammad Saleh, the economic advisor to the Prime Minister, confirmed that the dollar exchange rate in the parallel market is close to matching the official price, in conjunction with the increased capacity of banks to meet requirements.
Saleh said in a press statement followed by “Baghdad Today” that “the price of the dollar will be 1320 dinars in the coming days,” noting that “the important factors that work to reduce the value of the US dollar against the Iraqi dinar in the parallel exchange market will remain centered on two important variables, the first of which is the rise Abilities of operating banks to comply with external transfer rules.
He explained that “the indicators are witnessing a cumulative rise, according to which the percentage of requested and executed requests in foreign currency for the benefit of financing foreign trade for the private sector through official transfer ports has increased, which has increased to more than 85%.”
For more than two months, the exchange rates of the dollar against the Iraqi dinar have stabilized around 145 thousand dinars per 100 dollars, after it was between 155 and 160 thousand dinars per 100 dollars, while the decline in the exchange rate coincided with an increase in the amount of the Central Bank’s sales of dollars.
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This is the part of your newsletter I referred to in previous post
Didn’t it seem weird to you that all these articles came out of Iraq about the parallel market and having to solve this crisis, yet at the same time last week we learned about the CBI allowing travelers and even tourist more dollars. Then in another article they told us these dollars are part of the problem in stabilizing the rate of the dollar. Can you see the lunacy of it all. One might say do they really know what the hell they are doing? But they do know what they are doing. It’s called “buying time”. Yes, just waiting for the time to move ahead. Al-Sudani’s trip to Washington was all powerful in initiating this action. Afterall, you have to tell the citizens and us investors something as to why the reforms seemed to be stalled. Right?
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so we see today written that the parallel rate is within 10,000 dinar of the official rate of 132000 IQD per $100 per meaning the parallel rate is about 142000 IQD per $100. Am i correct in this determination? Still a bit to go to be within 2%. By my calculations we need 135000 IQD Parallel rate for a bit before stability can be declared? Please correct me if I’ll off on this evaluation of the situation.
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Hello MG and thank you! Can you send out that replay of Johnny Enlow and Steve Schultz talking about the dinar and the revaluation of the dinar? Do you know when this conversation took place?
Thanks
Ken
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