Latest Mnt Goat Newsletter

“JUST REMEMBER IN NOVEMBER!”

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April 23, 2024 Mnt Goat News Brief

Hi Everyone,

There is more “WOW!” news today, and it is VERY positive news. It just keeps coming….

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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!  

Malachi 3:10  

Bring ye all the tithes into the storehouse, that there may be meat in mine house, and prove me now herewith, saith the LORD of hosts, if I will not open you the windows of heaven, and pour you out a blessing, that there shall not be room enough to receive it.  

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

The ongoing saga about the Iraqi dinar RV continues. The news just keeps  getting better and better. Many want to rush the RV process in their own terms but not following the 2011 Dr Shabibi plan. This plan is well in motion, and as time passes, we are now seeing tangible evidence of it almost on a daily basis now. 

So, in today’s news we read multiple articles coming out from the CBI and the Iraqi news telling us about yet more “WOW!” news. The nice part about it is much of this news is confirming what my CBI contact told me recently so my trust level of my contact increases too.

I want to fully explain it in detail to you and why I feel this way and what we should look forward to soon.

I wanted to continue with the list below and add more each month if anything changes. So, as we are nearing the end of April, as part of the Reforms, we have added a few new items. This new development along with the others listed push us even closer to the RV/Reinstatement. So today we chalk up yet seven (7) more major events. Look at how this list increased in April alone, like no other month in the past.  WOW! WOW! WOW!   

  • We know they are completely out of Chapter VII sanctions since December 2022, and so why not treat them as such?
  • We know they want the Iraq funds (nearly USD 115+ billion) released from the NY banks and put in their custody to do what they want with it. They are tired of being bullied by the U.S. with their own money.
  • We know they have plans for yet more Sovereign Funds to invest their reserves.
  • We know they are making agreements now for “currency swaps” for trade with Iran, China, Turkey, Kuwait, Emirates, and many EU countries as Iraq will no longer be using any US dollars in Iraq as of January 1st 2024.
  • We know that the IMF is now working on the final stages of pulling together agreements to build a new basket of six (6) currencies to re-peg the IQD.
  • More pressure from Iraqi economics advisors to the government to use a “basket” of currencies for the new dinar peg. This is the IMF plan of 2011 all along.
  • We know since January they have undertaken a massive “de-dollarization” program and told it should have taken 6 years but they decided to do it in 1 year (2023). Why such a hurry?
  • We know the value of the IQD right now does exceed even pre-1991 era but still at 1/6 of a penny for a rate? The value won’t go up, its already there. Get it? Why is it being suppressed? Iraq needs to see a rate reflecting the TRUE VALUE. What is holding it back?
  • We know Iraq now pumps 2/3 more oil than in pre-1991 era.
  • Iraq also has announced 132+ tons of GOLD reserves.
  • We know they are pushing this year alone, more than any other year since 2005, for the passing of Oil and Gas law. Why?
  • We know for a FACT that it is the U.S. through the Treasury Dept. direction that will NOT give sign-off to allow the reinstatement. Why?
  • Finally, the CBI has told us many times already that January is the most opportune time to reinstate for accounting purposes, since it begins their new FISCAL year (for accounting purposes).
  • Imminent World Trade Organization full accession
  • The Central Bank of Iraq is heading to cancel the electronic platform and the currency auction in 2024.
  • Banks will be responsible for financing foreign trade directly through the dollars they own and not from the CBI reserves.
  • Banks will be fully responsible for auditing invoices and transfers, which is the practice globally.
  • We know the euro, the Chinese yuan, the Turkish lira, the Emirati dirham, and the Indian rupee currencies have become available to merchants for the purpose of financing foreign trade. When a merchant imports goods from China, he can now pay the Iraqi dinar to the Iraqi bank.
  • Announced the application of Customs automation according to the newly global ASYCUDA system. Border crossings, customs, and taxation whose annual value amounts to nearly 60 billion $$$$$$ on average. Huge revenues that can rival the oil revenues
  • We were told that Iraq will leave government cash dealing and switch to 100% electronic collection in mid-2024.
  • The political analyst, Abbas Al-Ardawi, confirmed that the visit of Prime Minister Muhammad Shia Al-Sudani to Washington came to liberalize the Iraqi dinar and stabilize the economy.
  • Iraq announces a new stage of standing on its feet after 20 years of political conflict since 2003. A new stage of cooperation with the US. by a Strategic Framework Agreement (SFA), an agreement between the United States and Iraq is a significant document that shapes their bilateral relationship going forward.
  • There is a decision issued by the Central Bank to cancel the window of selling and selling foreign currency in 2024 (not just thinking about it anymore).
  • Al-Sudani, announced on Saturday that a satisfactory agreement had been reached with the American side regarding Iraqi sanctioned banks that are prohibited from dealing in the dollar currency.
  • The Development Fund for Iraq (DFI) established after 2003, under sanctions has ended and remaining funds will be released to Iraq.
  • The current US President, Joe Biden, may not sign the Exec order 13303 decree extending the state of national emergency related to the situation in Iraq for another year which expires May 20th. There no longer remains reasons for it since the DFI ended. The 13303 and DFI are NOT strength they would be still dependence. Excellent sign for Iraq.
  • Announcement of the start of a strategy to invest in Iraq’s third largest natural wealth of huge reserves of phosphate, a potential of billions of revenues for Iraq.

Please just be patient! I will get into the details in my Newsletter today on each of these subject areas and explain why each of them could be a “WOW!” news items in itself. So, relax its coming! 😊

The reinstatement is coming, it won’t be years anymore and I firmly believe from what we already know and what we are now witnessing, the writing is on the wall, but just not yet.

Do you hold large sums of Iraqi dinar? Are they the larger three zero notes issued after 2003? If so, you just might be a millionaire sooner than later. In the month of April, Iraqi reforms has made monumental leaps and bounds even since 2023. Folks, it’s about to EXPLODE! 😊 It is now openly evident not just some idiot intel guru talk. It would be foolish to turn back now. Full speed ahead, choo-choo.

Please decide to help out financially to keep the Mnt Goat Newsletter alive!

It is appreciation day…

Enough said… more to come….

Hope to post the full context of the Newsletter soon!

God Bless,

Auf Wiedersehen

Much love to ya all,

Mnt Goat

767 thoughts on “Latest Mnt Goat Newsletter”

  2. 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, 
    What is the relationship between the Central Bank’s actions? The dollar will soon stabilize at 145 t 1709541196_-1

    +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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  3. 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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    1. 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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  4. “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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  5. 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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  7. 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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  8. 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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      1. 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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  9. 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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  10. 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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  12. 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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  14. “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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  17. 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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  19. 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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  22. 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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    1. 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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  23. 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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