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May 16, 2024 Mnt Goat News Brief

Hi Everyone,

I have some very interesting news to share with you today.

GIVE A GIFT TO MNT GOAT

I decided to allow everyone to give a Free-will GIFT to Mnt Goat on PayPal if you so desire but only if you so desire and can afford it. Please don’t leave it up to someone else to help, you too can help. Here is the link below:

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!  

2 Corinthians 9:7

“Whatever you give is acceptable if you give it eagerly” .

Did you happen miss the last couple Newsletters? Click here to go to Mnt Goat Archives.

More news….

SUDANESE ADVISOR ANNOUNCES FULL REPAYMENT OF IMF LOANS

Today, Thursday, the Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, outlined the loans provided by the International Monetary Fund to Iraq since 2003, while noting that their total did not exceed 8 billion dollars, confirming that they were repaid in full.

Saleh said, in a statement followed by “Al-Eqtisad News”: “Since 2003, the International Monetary Fund has provided several loans to Iraq that were aimed at supporting macroeconomic stability and implementing financial reforms. Between the years 2003 and 2021, Iraq obtained several financing programs from the International Monetary Fund, “Including emergency loans and relatively long-term financial assistance.”

STATUS OF THE RV

The month of May is half over already. Where is spring going….? If I could, I would take a walk with each and every one of you up my favorite mountain trail and show you the amazing Alpine beauty this time of the year. Each year I take these hikes in the spring as a promise of new hope of the dreams of the impossible. But if you don’t dream and pray them into existence that what is life anyway? So far, I can’t complain about my life. I have a wonderful, caring and loving husband. We had two smart, beautiful, and healthy children. (No WOKE idiot stuff here!) Yes, business in the gasthaus has slumped since Covid and it is hard recovering since tourism as a whole in Bavaria has drastically dropped. But we pray that things will turn around some day and I know they will. Sometimes the IMPOSSIBLE just takes more time.

So what is in the news this period? Oh… the news is very good as it backs up so much of what I have been telling my readers of the blog all along. All I have to say is “I told you so”. Yes, we all want to know what is the holdup of the RV and I say there is no holdup, only time. The holdup comes only in your mind as many of you are persistent on listening and believing these idiot intel gurus out there on the internet. These idiots are brainwashing you. Get it? They are not realist. They take a small grain of sand, of an event or article, and make it into a mountain of intel and then that becomes their next event to track that they tell you will bring you the RV, if only it occurs. But what happened to the last event they told you would surely bring the RV. Didn’t happen did it? How many of these events did they get you to track over the years?

Yes, I also had to do some rethinking many times already on what is holding up the RV and then I decided to take another smarter approach and just let it all play out. The process must just play out. The plan of Dr Shabibi must be executed and there are many stumbling blocks and deviations along the way. But Iraq must and does, always come back to the 2011 Dr Shabibi plan. I know through the past articles and my CBI contact that the reinstatement will happen and has to happen if Iraq is to regain their national sovereignty. Do they want it bad enough? Does the pope say mass on Easter Sunday?

I have been showing you evidence now for over 10 years of this FACT. Yes they do want it so bad and that will power of the Iraqi people is what is going to get us the RV. Get it? Just look at all the assets alone of Iraq vs Kuwait. Then compare the Iraqi IQD rate to the Kuwaiti KWD rate. Do you see something strange here? This alone if nothing else tells us an amazing story of corruption at the highest levels over Iraq and it’s not just in Iraq as it is a sham job on Iraq by the US government. When will they finally realize to let go the IQD reinstate and stop all this bullshit financial reform excuses as their warped justification to hold it up. Let me give you a perfect example today to prove my point and that I am correct in my thinking on this matter.

In cases like this you have to take a step back and look at the big picture. It is like being lost in the trees that you can’t see the entire forest anymore. So, we have to take a step back and look at the BIG picture. We have to step out of the trees to see the extent of the forest. It is only through this research that we can clearly see the holdup of the RV process. We must also be real with our gut feelings and stop pretending everything is alright, as there is still work to be done and I mean work to resolve the US and UN corruption schemes upon Iraq. As far as the Financial Reforms, I will talk about them but the reforms they truly need now are no longer mechanical in nature but reforms of the thinking, of a mindset by the powers to be to allow Iraq to move truly in the direction it needs to go. We are not idiots as we read all about the instituted stock market, banking and insurance reforms that were implemented. Did we miss something? Maybe but I don’t believe we did. Frankly I do not see this happening during the corrupt Biden administration.

☹ So, in today’s articles they talk about the dollar once again and how corruption has gotten a hold of it again. But this time through a measure we didn’t expect. You might want to go read the article titled “ARAB BANKS SWEEP THE DOLLAR PLATFORM.. WASHINGTON SANCTIONS FREEZE THE IRAQI GOVERNMENT AND THE CENTRAL BANK IS CONTENT WITH SILENCE“. In this article it notes and I quote – “The false and twisted policy of the United States of America towards Iraq is being exposed day after day in many cases, including the dollar crisis that Washington created to impose dictates and blackmail the government publicly after punishing Iraqi banks in two installments and imposing strict measures in exchange for obtaining the dollar from the electronic platform. This made the opportunity available for Arab banks to invade the platform and dominate the sale of the dollar with clear laxity and in violation of the law from the Central Bank. Why is the central bank allowing this to occur? He continues, “The entry of Jordanian, Emirati, and Gulf Arab banks into the dollar selling platform will make them compete directly with Iraqi banks,” calling on “the Central Bank to reconsider these licenses or limit the points they offer in general.”  This allow other Arab banks outside of Iraq to sweep the dollar platform, yet the Washington sanctions freeze the Iraqi banks from the dollar and the government and the Central Bank is content with silence? Who is bribing who? The recent sanctions reduced the number of Iraqi banks to only five Iraqi banks are now on the electronic platform and can deal in dollars.  I quote from the article – “The basic law stipulates that the percentage of Arab banks is not allowed to increase by more than 49%, but the current Central Bank law allows Arab banks a percentage of up to more than 80%,” . This current disobedience of the Central Bank law has made Arab banks dominate the Iraqi banks. 

How much of the dollars have left Iraq by this practice?

I quote from the article – “During the same period, Al-Mansour Bank alone, which belongs to Qatar, achieved profits amounting to 27 billion dinars,” indicating that “the error began with granting licenses to Arab banks to work in… The Iraqi Financial Market.   The Central Bank’s policy will contribute to lose control over the banking system, which will remain in the hands of the United States and Jordanian banks,” warning against exploiting this file politically in the future.  So please don’t tell me the corruption is still not going on as the US is right in the middle of it. Someone is giving the CBI direction as their puppet.. They always seem to portray themselves of the helpful savior while in the background they stab you in the back again when you are not looking. So what US politicians are taking the golden eggs now?

Having said all this about the ongoing NEW means to steal the Iraqi dollars I will also tell you that now you see the dilemma and predicament of the prime minister Sudani and his financial advisor in trying to revive the dinar to its former glory. They must somehow cater to these crooks yet work to overcome them too. Iraq is still losing billions over this dollar issue.

So, what is the REAL and FINAL solution?

Iraq must somehow get a hold of the over $220 billion dollars (from the sale of oil) now held in ransom in the DFI fund held in American banks set during the war as part of the sanction process. Oh… but I ask you again – aren’t all the sanctions now lifted as of December 2022? This money is used as “blackmail” money and Iraq must beg for it to even just to pay the Kurdistan salaries. Yes, this why we always read about these salaries being paid so late to Kurdistan. We read article already how the GOI is asking the US and the UN to now release this money. Will they? Will the US and UN lose their leverage over Iraq if they do? Yes, it’s all about getting Iraq to do what they want them to do as a puppet for their corruption schemes. The US Treasury talks big about reforming the Iraqi banks, but when it comes right down to it, the US really only wants any reforms that suit their needs and purposes of yet more manipulation of the dollar to make yet more money off it. Folks, it is all just a game. When will this game end? Yes, the new electronic platform ended a lot of corruption inside Iraq but then it opened the door for more outside Iraq. I have to ask myself what will really happen in June when they end the Eletronic Platform. Will it be postponed for some half-brained excuse?

Another REAL and HONEST solution to this issue of US and UN corruption to coincide with the freeing of the DFI fund is to get off the Petro dollar and allow Iraq to sell oil and receive revenues with payment of any preferred currency. Oh…. I know the US does not like this suggestion! For the petro dollar helps prop up the demand for the dollar. But we know that the Sudani government already requested this to happen since they are now fully out of sanctions and this is why they went to the petro dollar in the first place. The war is over, the sanctions are over!

But let me say this too. That it is human nature that when you are sucking on the “proverbial mother’s tit” too long you get used the easy food. This is why Dr Shabibi wanted to reinstate the dinar so early in the game. Actually, he too was late as originaly the plan was to do it in just a few years later, but disagreements in getting the new Iraqi constitution finalized stop it then. So the corruption now is too pleasurable to give up since it has gone on so long, it is almost a way of life now. This is it in a nut shell and is truly what is going on in Iraq today. The paradigm shift must occur. I cannot say it any clearer or use a better analogy. Or maybe the goose that lays the golden eggs is a better one, but you get my point.

So, we can go back and forth each year watching the budget and telling ourselves if only they open the budget the new rate will appear and the RV is set in motion. If only, if only, if only,…bla…bla…bla.. Really? In everything I just told you, do you think this is the holdup? Are you stupid or what to believe such other guru nonsense?

😊 But there is some good news too and it is hopeful. As I already explained now that Iraq has been out of sanctions for over a hear, it gives them leverage to demand the release of the DFI funds and to get off the Petro dollar. Also we read in todays that The Chairman of the Securities Commission, Faisal Al-Haims, confirmed today, Wednesday, that the Commission is studying the possibility of licensing brokerage companies to trade in shares on international stock exchanges.

😊 Also, Prime Minister Mohamed Shia al-Sudani said on Wednesday that the memorandums of understanding signed with the United States during his visit to Washington last month (Aprill 15-19) are being implemented on the ground. We know already what many of these agreements entail and they all move Iraq steps closer to the reinstatement.

😊 This is the WOW article of today – Also, the General Authority of Customs announced today, Tuesday, achieving what it described as a historic increase in its revenue rate during the first quarter of this year, while it expected a doubling of revenues once the automation project is completed. As I told my readers many times already that his revenue stream from the customs and tariffs alone can rival the oil revenues if the GOI can control these payments into the general fund and not have them absconded. The best part is these revenues do not have to be paid in US dollars and put into the DFI fund either. It is money that the GOI can manage directly. The full article is in the Articles Section titled – “AFTER IMPLEMENTING ELECTRONIC SYSTEMS, CUSTOMS ANNOUNCES A “HISTORIC” INCREASE IN ITS REVENUES“.

So, I have to ask this. When will the pressure be so great upon the IMF and US of the wealth of Iraq and its normalcy in dealing with the international arena again that the inevitable has to happen….which is… THE REINSTATEMENT BACK ON FOREX!

Please stop trying to tie the event of the RV/Reinstatement to any or a couple of nice things you see going on. This is much. much bigger. We witnessed Dr. Shabibi make announcements too about the fils and the newer lower denominations in 2012. We witnessed videos being broadcast in Iraq on the future plans of the national currency n 2012. This is all not new revelations and has all happened before only nothing happens afterwards. Could it this time around? I hope so and I think it will but stop the hype and relax. You are only opening up yourself for more disappointment. The US and the UN are not yet as fully onboard or engaged in the process as we might think and this is apparent in that there should have already been a rate on FOREX years ago, if even to reflect the oil revenue part of the assets. But it is changing rapidly not because they want it to change but because they are being forced to change along with Iraq. They know the goose that lays the golden eggs can’t live forever. The party is about to end! The entire world is watching. Get it? This is why we must trust that the Hand of God will help the people of Iraq. We must pray, pray and pray for Iraq like never before. And when you get back from the bank get on our knees and thank God for what he has done.

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.

Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,

                                             Just the FACTS!

We have now entered a new period in 2024. It is shaking the very foundation of all the corrupt leaders and non-elected officials. We are now feeling the shift, says the Lord our God. A very different period than 2023. This is the period of justice. But where is the justice so far? The courts will be shaken and those who brought this plan to destroy our nations will be dealt with. With spring comes new life to our nations and then in Summer we will see the Lord’s vengeance and the earth will speak out to us, as it too feels our pain.

LIVE WITH JULIE: The Time of Uncertainty Has Begun

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BRACE YOURSELF FOR WHAT’S COMING IN 2024 

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ILLEGAL IMMIGRANTS VOTING IN 2024 NATIONAL ELECTIONS NOT JUST A CONSPIRACY THEORY

Gee Whiz….could this be why Biden opened the border wide open and now refuses to close it?

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Congress Rep ELISE STEFANIK LAYS OUT HER CASE THAT TRUMP’S HUSH MONEY TRIAL IS ‘UNPRECEDENTED LAWFARE’

I can’t tell you how to think, but come’ on folks, lets take a serious look at what’s going on to try to prevent Trump from having another term. Biden will do anything to stop Trump, even trying to rig another election (again).

But watch this video then you decide.

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ARE YOU SIDING WITH PALESTINE, thus Hamas? JUST ASKING…..

So, let’s get our FACTS straight. Who is the culprit here? Who is the real enemy? Are your protesting in favor of the Palestine civilian casualties? Don’t you know that Israel is actually LIBERATING the Palestine people from Hamas, a terrorist organization, which has threatened them for decades? Do the majority of Palestinians really want to be liberated or do they just hate the Jews so much, through the same propaganda used in WW2 under Hitler. Most don’t really even know why they hate the Jews, only they have been told so many lies to hate them. Sound familiar? Why are we letting history repeat itself? Do we need concentration camps again to realize what is going on. I have never seen Senator Lindsey Graham get so angry over an issue before.

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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.

We all know something has gone terribly wrong with our nation. A supernatural battle is taking place to determine the fate of America. In just twelve minutes a day you help bring forth a divine intervention to save our country using this book. With Lent beginning tomorrow on Ash Wednesday let us not forget to fast, meditate and pray for the salvation of America. There is an organization that is taking on this endeavor through helpful prayer guidance. This is what I plan to do. How about you?

Anyone can join the hundreds of thousands already involved in this rapidly-growing prayer movement. It’s easy to get started:

Pray the Daily Prayers To Save Our Country

Order the official prayer book, read or listen online, or print them out. Just click on the prayer book below.

A National Prayer Movement
for God’s Help

AFTER IMPLEMENTING ELECTRONIC SYSTEMS, CUSTOMS ANNOUNCES A “HISTORIC” INCREASE IN ITS REVENUES

The General Authority of Customs announced today, Tuesday, achieving what it described as a historic increase in its revenue rate during the first quarter of this year, while it expected a doubling of revenues once the automation project is completed.

The head of the General Authority for Customs, Hassan Al-Ugaili, told the Iraqi News Agency (INA): “During the years 2022 and 2023, the General Authority for Customs achieved an increase in the percentage of its revenues, and last year it reached 28%.”

He added, “In the first quarter of this year, the Authority achieved an increase of 120% over the first quarter of last year, as the first quarter of this year is the highest revenue since the founding of the Customs.”

He continued, “The increase came as a result of a set of measures by the authority through simplifying procedures, in addition to monitoring and implementing some electronic systems,” pointing out that “the authority is in the process of generalizing the application of electronic systems in all ports of the Iraqi state, and we hope in the middle of next year to end automation in all Customs centers. 

He pointed out that “the authority is looking forward to achieving an increase in revenues this year to more than 100% over the previous year,” expecting that “if automation is completed and fully disseminated, the increase may reach three times.”

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SUDANESE: MEMORANDUMS OF UNDERSTANDING SIGNED DURING WASHINGTON’S VISIT ARE BEING IMPLEMENTED ON THE GROUND

DURING A MEETING WITH BLINKEN’S ASSISTANT

Baghdad –  

Prime Minister Mohamed Shia al-Sudani said on Wednesday that the memorandums of understanding signed with the United States during his visit to Washington last month are being implemented on the ground, during a meeting with US State Department Assistant for Energy Jeffrey Payte.

Prime Minister Mohamed Shia Al-Sudani received, on Wednesday, US Assistant Secretary of State for Energy Resources, Jeffrey Payte, in the presence of the US Ambassador to Iraq, where they reviewed the most prominent files of cooperation in the field of energy, in all its forms, and ways to develop it, in a way that contributes to achieving common interests.

During the meeting, His Excellency stressed the government’s keenness to implement its executive approach within the axis of achieving energy self-sufficiency, in the fields of exploiting natural and associated gas produced locally, generating electricity, providing oil derivatives, and producing chemical fertilizers and petrochemicals, referring to the memorandums of understanding signed during his visit to the United States of America last April, which are being implemented on the ground.

Mr. Al-Sudani referred to the government’s efforts and steps in the field of economic and financial reform, especially in the fields of tax, customs and the banking sector, and completing the elements of the ideal investment environment, calling on American companies to work and invest in Iraq.

For his part, Mr. Byte praised the efforts of the Iraqi government in developing the energy sector, and referred to the joint statement of the Prime Minister and US President Joseph Biden, which represents a roadmap and framework for work and fruitful cooperation, stressing the desire of American companies to invest and expand their activities inside Iraq.

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ADVISER TO THE PRIME MINISTER: A REFORM PROCESS IN IRAQ BEGINS WITH THE GOVERNMENT BANKING SECTOR

Today, Wednesday, Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, stressed the importance of moving to reform the banking sector in Iraq, while noting that depriving some banks of foreign currency is an opportunity to restructure and organize them.

Saleh told the Iraqi News Agency (INA): “Prime Minister Muhammad Shiaa Al-Sudani has a keenness to protect national capital, in addition to the fact that banking institutions need reform,” indicating that “what happened in depriving some banks of foreign currency is an opportunity to restructure and organize them.” “.

He added, “There is a program to reform the banking sector by starting with the government sector because the government banking sector dominates 85 percent of banking work and the rest of the small emerging markets, even though their capital constitutes 78 percent of the banking system’s capital, but they need to be reorganized and restructured to transform into… “Sound market institutions are integrated into the global economic system and have a role in finance and economic development.”

He pointed out that “there is a reform process in Iraq that begins with the government banking sector and then the private sector,” pointing out that “the injustice that happened to the banks is an opportunity for reform.”

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ARAB BANKS SWEEP THE DOLLAR PLATFORM.. WASHINGTON SANCTIONS FREEZE THE IRAQI GOVERNMENT AND THE CENTRAL BANK IS CONTENT WITH SILENCE

The false and twisted policy of the United States of America towards Iraq is being exposed day after day in many cases, including the dollar crisis that Washington created to impose dictates and blackmail the government publicly after punishing Iraqi banks in two installments and imposing strict measures in exchange for obtaining the dollar from the electronic platform. 

This made the opportunity available for Arab banks to invade the platform and dominate the sale of the dollar with clear laxity and in violation of the law from the Central Bank, which abandoned the matter of lifting sanctions on Iraqi banks and continued to grant licenses to Jordanian, Emirati, Gulf and foreign banks, which undermined the work of the local. 

*Central violations 

Speaking about this file, Al-Fath Alliance member Ali Al-Zubaidi criticizes the Central Bank’s controls for granting licenses to foreign and Arab banks to operate in the Iraqi banking sector, while he stressed that continuing to grant the dollar at reduced prices to these banks amounts to wasting the country’s share of the dollar.  

Al-Zubaidi said in an interview with the Maalouma Agency, “Granting licenses to these banks should be in the field of investment, construction, loans, and initiatives, and not working on the electronic platform,” noting that “these banks have undermined the work of Iraqi banks to a very large extent.”  

(Now  you know why the Jan 2023 electronic platform is going away in June 2024)

He continues, “The entry of Jordanian, Emirati, and Gulf Arab banks into the dollar selling platform will make them compete directly with Iraqi banks,” calling on “the Central Bank to reconsider these licenses or limit the points they offer in general.”  

Al-Zubaidi continues his speech: “These banks’ possession of the dollar must be ended by buying the dollar at reduced prices and selling it at a higher price,” pointing out that “there is a clear error in the Central Bank’s controls in granting licenses to foreign and Arab banks to work in the Iraqi banking sector.”   

Arab banks sweep the dollar platform.. Washington sanctions freeze the Iraqi government and the Central Bank is content with silence ? 

(You can clearly see now the manipulation the Iraqi dollars and how they used the electronic platform even to get it)

*US sanctions 

In addition, economic expert Nabil Al-Marsoumi confirms that the US Federal Reserve’s sanctions revealed the falsity of the strict US administration on Iraqi banks only, while he stressed that the current central bank law has made Arab banks dominate Iraqi banks.  

Al-Marsoumi said in an interview with the Maalouma Agency, “The American ambassador contradicts the statements by talking about the development of the Iraqi banking system at a time when the Federal Reserve continues to issue sanctions,” noting that “the recent sanctions reduced the number of Iraqi banks to only five banks on the electronic platform.”  

He continues, “Arab capital opened banks with Iraqi names and management in order to enter the currency auction and the electronic platform,” adding that “the issue of granting licenses requires reconsideration of Arab and foreign investments within the country.”  

Al-Marsoumi continues his speech: “The basic law stipulates that the percentage of Arab banks is not allowed to increase by more than 49%, but the current Central Bank law allows Arab banks a percentage of up to more than 80%,” adding that “the current Central Bank law has made Arab banks dominate the Iraqi banks. 

*Bank profits 

For its part, an informed source reveals that Jordanian, Kuwaiti, and Qatari banks operating in Iraq achieved profits estimated at 200 billion dinars in just three months, while he confirmed that the Kuwaiti-owned Bank of Baghdad recorded profits worth 88.3 billion dinars, while the National Bank (of Jordan) recorded profits worth 88.3 billion dinars. Its profits amounted to 84.4 billion dinars.  

(The goose that is laying the golden eggs strikes again …… ☹)

The source, who preferred to remain anonymous, said in an interview with the Maalouma Agency, “During the same period, Al-Mansour Bank, which belongs to Qatar, achieved profits amounting to 27 billion dinars,” indicating that “the error began with granting licenses to Arab banks to work in… The Iraqi Financial Market.  

He added, “The Central Bank’s policy will contribute to losing control over the banking system, which will remain in the hands of the United States and Jordanian banks,” warning against “exploiting this file politically in the future.”  

Many political and popular parties criticized the courtesy shown by the Iraqi governments towards the Jordanian, Emirati and Gulf banks and granting them privileges, facilities and illegal licenses, in light of their hostile policy towards the country on many issues, as well as their support for the usurping Zionist entity against the Palestinian people who have reached… use of airports, equipment and military aircraft.

(Now you can see why there is no RV until this is cleared up. This is part of the political corruption I am talking about. Get it?)

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AL-ALAQ ANNOUNCES THE SUCCESS OF THE ELECTRONIC TRANSFER PLATFORM IN ANTI-MONEY LAUNDERING

Shafaq News/ Governor of the Central Bank of Iraq Ali Al-Alaq announced on Thursday the successful use of the electronic external transfer platform in combating money laundering.

This came during Al-Alaq’s participation, in the Arab Forum of Anti-Corruption Authorities and Financial Investigation Units in the Kingdom of Saudi Arabia, according to a statement issued by the bank’s media and received by Shafaq News.

Al-Alaq delivered a speech on the efforts of the Central Bank of Iraq in spreading financial transparency and collecting and exchanging information on the real beneficiary at the international level, stressing the recent measures taken by the Central Bank of Iraq, represented in the use of the electronic external transfer platform, which effectively contributed to determining the identity of the real beneficiary and prevented the use of external transfers as a means of money laundering operations.

He pointed out that the use of the cash sale platform contributed to the arrival of foreign currency to real beneficiaries of travelers or students outside Iraq, as well as other cases that need foreign exchange according to the law.

The Chairman of the Integrity Commission, Haider Hanoun, also participated in the same forum, and will present Iraq’s measures to combat corruption and its role in achieving development and economic growth.

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SECURITIES COMMISSION: WE ARE STUDYING THE POSSIBILITY OF LICENSING BROKERAGE COMPANIES TO TRADE IN SHARES ON INTERNATIONAL STOCK EXCHANGES

The Chairman of the Securities Commission, Faisal Al-Haims, confirmed today, Wednesday, that the Commission is studying the possibility of licensing brokerage companies to trade in shares on international stock exchanges. 😊 ☹

Al-Haims said in a statement received by the Iraqi News Agency (INA): “The authority has begun studying the licensing of brokerage companies to trade in shares on international stock exchanges through a technical committee within it.”

He added, “The Authority is working seriously to support and develop the stock market by studying the licensing of brokerage companies to enable them to trade in shares on international stock exchanges for the first time in Iraq.”

He explained, “This step comes in the context of protecting the rights of citizens to trade through brokerage companies that practice this activity without an official license from the Securities Commission, which seeks to develop the financial markets in the country,” noting that “the Commission is working to provide a stimulating and regulated investment environment.” “It contributes to enhancing confidence among investors and raising Iraq’s position in global financial markets.”

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IRAQI FOREX MARKET: FRAUD NETWORKS THAT LAUNDER MONEY AND EXPLOIT THE DREAMS OF YOUNG PEOPLE

(This is one of those tricky articles to read. No, the IQD is not yet trading on FOREX. What they are talking about is the link on FOREX back the Iraq Stock Exchange (ISX). They are not trading Iraqi dinars but other currencies. This article is just telling us that the CBI has lost control over these Iraqi investors wanting to make a quick buck off of FOREX. Read the next paragraph is says “Forex trade in Iraq is expanding to hundreds of thousands of dollars annually in Iraq without state control over it” )

Financial experts said that Forex trade in Iraq is expanding to hundreds of thousands of dollars annually in Iraq without state control over it.

Economic analyst Manar Al-Obaidi said that the volume of Forex trade in Iraq, according to studies conducted, amounts to more than 100 billion dollars annually with money far from state control, marred by fraud, money laundering, and illegal operations that link young people to illusory dreams of quick and easy wealth.

Forex, or the foreign exchange market, is a global, decentralized market in which currencies are traded. It is the largest financial market in the world, with trillions of dollars traded every day. Currencies are traded in pairs, for example, Euro/US Dollar (EUR/USD) or British Pound/US Dollar (GBP/USD).

When you trade Forex, you buy or sell a currency pair. If you think the value of one currency will rise against another, you will buy that pair. If you think the value of one currency will fall against another, you will sell that pair.

There are risks associated with Forex trading, including losses, as you can lose money if currency prices move against you.

Leverage can magnify your losses, as well as your profits.
Forex markets can be very volatile, which means that currency prices can move quickly and unpredictably.

There is a risk of dealing with fraudulent brokers.

Forex trading is not officially regulated in Iraq. This means that there are increased risks associated with trading with unregulated brokerages.

In 2023, the Central Bank of Iraq warned investors against dealing with electronic trading companies that offer buying and selling of currencies and gold, as these companies operate outside its regulatory framework.

The Iraqi Securities Commission also announced that trading in Forex, oil, commodities and international companies is illegal in Iraq.

Al-Obaidi said that Forex trade cannot be ignored around the world, but not legislating and monitoring it by responsible state bodies means heading towards illicit trade that takes place in the corridors of cafeterias and hidden social networking sites, and money smuggled in billions of dollars out of Iraq through fake companies.

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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