Latest Mnt Goat Newsletter

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

ABOUT THE NEWSLETTER:

May 12, 2026 Mnt Goat News Brief

Guten Tag everyone:

The RV saga continues with the election cycle. So far it is just more U.S. threats and some rational ideas being kicked around in the political circles of Iraq as to how to accomplish this task of disarming these factions and PMF. Meanwhile the commanding general of the Iranian Quds Forces in Iraq, Qaani, flies into Iraq and attempts to convince the new government NOT to disband or disarm these factions and the PMF. Go figure! What a mess Iraq has on their hands since this are being pulled from Washington on one hand and Iran in the other. All of this nonsense could have been avoided in 2007 if Iraqi leadership at the time had the balls to send these Iranians packing back home once the war with ISIS was over. My question is this- could they even? Where these Quds forces stronger than the Iraqi armed forces and they were unable to do so?

GIVE A GIFT TO MNT GOAT

I decided to allow everyone to give a Free-will GIFT to Mnt Goat on PayPal if you so desire. Here is the link below. Please show your appreciation for all the hard work I do.

I recommend $15-$20 dollars a month or whatever you can afford. Do you realize I write up to eight (8) Newsletters every month. This is like a second job to me. The only way I know that people are reading and appreciating all the FACTUAL news I bring is through their appreciation. If I do not receive equal appreciation for all the hard work I do, I will simply end the Newsletter and save myself endless hours at the computer. You do want to get paid for your job, don’t you? What makes my job any different? Tell me….. I am tired of this RV saga just as you are.

 Let’s all try to chip in!

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Psalm 37:4

Delight yourself in the Lord;
And He will give you the desires of your heart

STATUS OF THE RV

So, the election saga continues. Yes, it is not over until the proverbial fat lady sings…lol… lol… Let’s all find out why I am saying this today.

I want to remind everyone once again that this item of the armed factions in Iraq is on the list of the top five issues that Iraq must deal with prior to the reinstatement and permission from the US to do it. It is not going to just go away. Iraq will have to find a way to deal with these factions in this new government or the U.S. will not support it. What does non-support look like?

It might even mean much more severe sanctions for Iraq than already just witnessed as the U.S. cut off the monthly aid to Iraq in their dollars. It has since resumed but it can be cut off again and this time dollars not just from monthly aid package but from their DFI funds in NYC to pay their bills. These types of sanctions could be disastrous. If the Iraq politicians take a hard look at what happened in Venezuela, sanctions in Cuba and in dealing with Iran, they would take notice of Trump’s threats and that they are real. What is it with these Arab people don’t understand. Why are they so slow blind to understanding who really is in control? If they really want control they will have to learn to be responsible countries in the world and stop this terrorism stuff. If the U.S. does not police this global violence who will? We certainly don’t see any other country stepping up to the challenge. Heck, they won’t even support the US in its efforts with Iran.

MEMORIES ARE NOT SO SHORT:

The U.S. does not forget the oil embargo in the 1970’s and so this invasion of 2003 (as well this recent Iranian conflict) is all about control, control and control. Trying to make peace but not through passivity. Get it? The U.S. does not forget and will never go back to this nonsense of an oil embargo on the U.S. They want an embargo and so the U.S. is giving them one, but this time the tables are turned. The U.S. is too great of a military power to allow some Arab countries to boss it around. We are now still seeing the repercussions of this 70’s oil embargo and let’s not forget about the Iranian hostage situation either.

I want everyone to remember what I am going to tell you today and please keep it in your mind when you go off half-cocked thinking there is going to be an RV this weekend or before this issue is settled.

NBC News recently quoted a State Department official as saying that there is currently a “blurred” line between Iraqi state” and the armed factions,” he urged Iraqi government, the new one that is expected to form prime minister the assigned Ali Al-Zaidi”, to sever its ties” with those groups.”

Now here is the important part -à The official called on the government of Iraq “the next step is to issue a clear statement stating that the militias are not part of it,” stressing that American facilities in Iraq were subjected to more than 600 attacks during the military conflict that the region witnessed from the end of February until the ceasefire came into effect on April 8.

Okay so here it is again, the U.S. is being VERY straight forward once again to Iraq about these factions. It should be obvious to everyone that with these attacks on the US facilities is why President Trump has laid down the RED line.

If we read many of the recent articles on this subject matter we also see the same theme. Do you really believe the U.S. under Trump secretary Bessent of the Treasury Department is going to sign off on a reinstatement of the dinar under these current conditions? Here three other articles and so this is a HOT topic in the news in Iraq. They are titled:

😊 “REPOSITIONING OF FACTIONS IN IRAQ… HANDING OVER WEAPONS IS THE GATEWAY TO PARTICIPATION IN AL-ZAYDI’S GOVERNMENT”

Iraq is witnessing a significant political and security development: several armed factions have announced their intention to hand over their weapons to the Popular Mobilization Forces (PMF) in the near future. This move is interpreted as a political repositioning in preparation for participation in the anticipated Iraqi government headed by Ali al-Zaidi .
 
The sources added that “this move coincides with escalating international pressure, led by the United States , which has intensified its messages to Iraqi political leaders in recent weeks, warning against the inclusion of any armed faction in the upcoming government.”

It indicates that “ Washington informed the Iraqi leadership, as well as the prime minister-designate, that the participation of any armed faction in the government would negatively affect bilateral relations, with the possibility of taking political, economic and security measures, especially in the areas of financial and security cooperation.”

😊 “MP: AMERICANS HAVE BEGUN SCRUTINIZING THE NAMES OF AL-ZAYDI’S CABINET MINISTERS, AND TRUMP MAY CHANGE HIS STANCE.”

MP Zahraa Luqman, from the Badr Organization, expressed her concerns about the change in US President Donald Trump’s stance towards Prime Minister-designate Ali al-Zaidi, stressing that the US administration has already begun scrutinizing the names of candidates for the upcoming cabinet.

She added that there is “accurate information” indicating that the American side has actually begun reviewing the names of the proposed ministers, through a figure who presents the names to the Americans to obtain their approval, as she put it.

😊 “EXPERTS: “SECURITY GUARANTEES” ARE A PREREQUISITE FOR THE RETURN OF INTERNATIONAL COMPANIES AND MISSIONS TO IRAQ”

This article could not articulate any better why Trump wants these militia and factions out of Iraq. Do you see it now? Do you see why this issue of the PMF is of high priority and on the CBI list of the top five issue prior to any Reinstatement? Trump has a plan for Iraq and he cannot attract and/or convince investors to come into Iraq if these factions continue in Iraq. Can you blame them?  

I quote from the article: “Efforts to restore international activity in Iraq face significant challenges, with experts and specialists linking the return of foreign companies to certain conditions. Diplomatic missions should obtain tangible security guarantees.

These demands come in the wake of a wave of withdrawals following attacks by armed groups on the headquarters of those missions and companies. During a period of escalation that lasted forty days. Experts confirm that the departure of these companies caused serious damage to Iraq’s national income and foreign relations. It is worth noting that the crisis worsened after embassies and diplomatic centers were subjected to daily attacks by missiles and drones.

😊 “US SANCTIONS IRAQI DEPUTY OIL MINISTER FOR ALLEGEDLY DIVERTING FUNDS TO IRANIAN PROXIES”

RBIL, Kurdistan Region of Iraq – The US on Thursday announced new sanctions targeting Iraqi individuals and businesses allegedly exploiting the country’s oil sector to support Iran and its proxies, including the country’s deputy oil minister Ali Maarij al-Bahadly.

The sanctions target Bahadly for being “instrumental in facilitating the diversion of Iraqi oil products” to benefit Iran-affiliated oil smuggler Salim Ahmed Said and the Iran-aligned militia Asa’ib Ahl al-Haq (AAH), the Treasury Department’s Office of Foreign Assets Control (OFAC) said in a statement.

Remember that the OFAC sanctions are still in affect on Iraq as foreign entities can still not trade the Iraqi dinar on the currency exchanges. Can you see why these are still in affect?

Would you want to invest your billions of $$$ in Iraq under these conditions?

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WHAT ELSE IS IN THE NEWS?

😊 As the election saga continues, meanwhile the hands of reform progress continue in the Iraqi banking sector with the Unified Treasury concept being implemented in Iraq. See article titled “THE UNIFIED TREASURY RECOVERS TRILLIONS OF DINARS AND CLOSES THOUSANDS OF BANK ACCOUNTS.”

You might as what is the Unified Treasury concept as it appears this term has not been used much before in the news. So I thought I would explain it to everyone so when we hear it again we are aware of this effort. I will tell you that this effort is in line with the recommendations from the various international auditing groups that have come into Iraq to help them on the banking reforms. They are preparing Iraq for international banking.

The ‘Unified Treasury’ in Iraq refers to a centralized financial management system aimed at improving oversight and efficiency in public fund management.     

The Accounting Department of the Ministry of Finance is responsible for implementing Iraq’s federal general budget and managing state financial resources.  The unified treasury account system has been introduced to centralize public fund management, allowing for better monitoring of fund movements and reducing inactive balances. Recent reforms have focused on consolidating financial data and enhancing the electronic payment system, which is part of the unified treasury initiative. 

😊 I know, I know Iraq needs to expand its economy beyond the ‘rentier’ economy of solely based on oil revenues. But this does not mean they stop expanding their oil production either. The more oil the more revenues still. Think of it this way… just as an example, if the US generated a large chunk of its GDP from the auto industry and sold cars to the world, why would it devalue the dollar just because it was generating huge sums from one industry. Folks this is exactly what they have done to Iraq and have done it intentionally to control Iraq. Just substitute auto industry for oil industry. Get it? There is no other reason. Oh sure… we can justify the large three zero notes to prevent a crash of their economy due to war and hyperinflation. But folks, the war has been over for twenty-three (23) years already. Iraq has been fully out of Chapter VII sanctions already for four years (4) and inflation is very low in Iraq. The fact now is that by preventing the trading of the dinar from OFAC sanctions still they are preventing the kind of growth necessary for Iraq to really take off. But why are they still holding back the dinar?

I think that if each and everyone of my readers of the blog really sit down and think about what is happening in Iran and with these proxy factions in Iraq we can clearly see that holding back the dinar at this point in time could actually be a very good thing for Iraq. So it is all about Iran and terrorism isn’t it! So, it is not really about getting off the ‘rentier’ economy although this would be a VERY GOOD thing for Iraq to avoid crises. But Iraq is seemingly surviving this Iranian crisis very well. Why? A large part is because the US forced Iraq to get off these dependencies on Iran such as for electricity and natural gas. Iraq is now also moving towards exiting OPEC to which Saddam Hussien was the original founder of OPEC and so go figure.

😊 In an article today titled “OIL DISCOVERED IN IRAQ WITH HUGE RESERVES NEAR THE SAUDI BORDER” we learn of yet another oil reserve discovery….holly molly! 😊 An oil discovery has been announced in Iraq with reserves approaching 9 billion barrels, according to details obtained by the specialized energy platform, issued from Washington. Folks, that’s billion not million. The US consumes about 8.5 billion barrels a year. So this could power the entire U.S. economy for a year.

The announcement of the oil discovery within the “ Qarnayn ” area came during Oil Minister Hayyan Abdul Ghani’s reception on Wednesday, May 6, of a delegation from the Chinese company Zhenhua, in a move that supports Baghdad’s strategy to raise its production capacity to 6 million barrels per day by 2029.

Just remember my analogy with the auto industry to the oil industry. Why would you penalize Iraq for generating all this wealth from oil by telling them they needed to ‘diversify’ their economy first before trading their currency again? It simply does not make any sense and so our common sense should tell us it’s not all about the economy but instead all about Iran and terrorism.

Also remember that way back in 2012-2013 Dr Shabibi already obtained sign offs from all required countries and the IMF to move ahead with the reinstatement as this was before this Iranian stuff got out of hand. But this was also the beginning of the obvious outright push of the Iranian stronghold on Iraq as it was the Iranian-backed prime minister Nouri al-Maliki who stopped the RV/Reinstatement back then, remember? This was the beginning of the end. So why in hell would any insane person want Maliki back in as prime minister? They wanted him back in because they are desperate. Who is “they”. They are the Iranian backed politicians, this group that calls themselves the Coordination Framework, the so-called majority block, which is a joke in itself. Folks, this all must change for the next election and they have less than four years to do it. Will we have to wait four years then for the RV?

Waiting four more years all depends on what the new U.S. president Trump can do to create peace in the middle east. To create peace he will have to deal with these terrorist organizations somehow. To deal with them means cutting off access to $$$. To me it also means working with Russia, China, Britian and the US arms industries to stop all arms deals to these countries. Yes, these developed countries must now unite together to fight terrorism as its roots. Terrorists organizations can’t fight unless they have weapons and ammo for them. They depend upon the greed of these politicians to supply them with their bombs and weapons of destruction. So, if the real effort is actually to  make the world a better world terrorist free we must look into our own countries and see how we are actually supporting it.

The U.S. too is very guilty of supporting these terrorist organizations. Surprise, surprise! If you have been following the current news channels you have heard about all this corruption of stealing billions from the American tax payers. Why would anyone want too stop this effort i.e. democrats? Most of this money is ending up in the hands of terrorists organizations. Could this also be why president Trump is cleaning up all this waste and abuse of funding? Maybe he didn’t know it at first and is just as surprised as most Americans where in finding out where all this money was going. All you need to do is look at just one case of fraud into the U.S. AID packages and where this money was going. It was a ponzi scheme in that good hearted Americans thought they were helping the rest of the world and weren’t.  If you read about these programs being funded you quickly see they are just fictitious reasons to get the money out of the US Treasury to them. Get it? The programs are so liberal and obnoxious that they make you puke. There has been absolutely no auditing done to ensure this funding actually ever even goes towards any of these programs, no matter how good  or ill-intended they are. It all eventually gets funneled off to terrorists organizations, while the middle man makes millions in helping it all work.  

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Let’s keep our prayers alive. There is a deep spiritual dimension at work today bringing about this reset. I believe we are closer than ever for the dinar to get reinstated. But first things first. By now everyone should be fully aware of these events that caused delays in the currency reform process. This is not rocket science to understand.

What do you think will happen next? (Leave a comment)

Leave a reply to Roger Brunstad Cancel reply

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

                                             Just the FACTS!

                                         

These prophecies are more important now more than ever. They give us the strength, perseverance and hope that a better time is coming and that God’s Hand is at work behind the scenes. If you just take a second even to look around you at these past three election cycles, how can you deny that God is at work? Are you sleeping or what?

It is amazing and there is no other way that these events could have happened the way they turned out. But there is more to come, much, much more, I assure you! Now that God has his biblical David re-elected, we need to pay attention to what He does next.

NOTE: These prophecies just keep getting better and better, giving us HOPE of a brighter future. But the real reason why I listen to them is that we can actually see what God says He will do is taking place right in front of our noses. It is a confirmation to me that God is real and is still with us forever just as in biblical times.

Prophetic Words from the prophets:  Julie Green

“A Great Shaking Is Coming To The Party Of The Red”

Go to the 16:54 mark in video for the prophecy. From April 25th.

“Long Awaited Arrests Are Coming “

Go to the 14:27 mark to watch the prophecy. From  May 1st.

  • China’s control in the U.S. will be destroyed
  • The IRS will be exposed for what it really is.
  • Someone in the Senate is about to be arrested for a ‘shocking’ reason.
  • Elizabeth Warren will be removed from the Senate. Her days of cheating the American people are over.
  • Nothing the deep state will do will stop the arrests that are coming.
  • Crooked judges both Federal and Civil will be removed from their benches.
  • A U.S. Supreme Court judge will suddenly resign.

Fr. DON BOSCO EXPOSED THE DARK SECRET BEHIND ISLAM

— And the Truth the World Forgot about the so-called Muslim religion. Fr.Don Bosco, also known as John Bosco, was an Italian Catholic priest and educator, born on August 16, 1815. He founded the Salesian Society in 1859 to help disadvantaged youth,  particularly boys, through education and community service. His teachings emphasized lovekindness, and the importance of education for young people, making him a beloved figure in Catholicism and a patron saint of youth. Don Bosco was canonized in 1934.  

TIME FOR THIS TO BE UNLEASHED ON IRAN, ENOUGH IS ENOUGH

COULD REP. JAYAPAL GUILTY OF TREASON?

“She CONFESSED to Assisting Cuba AGAINST the U.S. embargo” – Calls to ARREST Rep. Jayapal for Helping Cuba. Who the hell do these representatives think they are? It is unbelievable what this democratic party has come to.

Jayapal is an ultra-leftist liberal who has been an obstructionist all a long for anything that makes common sense for the American people and can actually help America’s economy grow. She believes in very high taxes, this Robin Hood stuff of taking from the rich and giving to the poor. Yes, from your pocket to theirs, because most of it never even gets to the programs intended for the poor anyhow and we have seen this time and time again with all these recent corruption scandals now being exposed. This could be her big scandal too but I think there is much more to her corruption only it has not yet surfaced fully. The sopt light has now been turned on to her and so let’s see what she is really up to and why. Is she even on the side of America or on the side of social communists. She has the AOC syndrome, it’s call ‘ignorance’. Does she even know how blockages work and the power of the president to impose them?

EXPLOSIVE LEGAL CONCERNS OVER DEM’S REMARKS ON CUBA BLOCKADE

US PUSHES AGGRESSIVE PLAN TO DOMINATE A NEW GLOBAL FINANCIAL SYSTEM

Here we go again….

DEEPER CASE UNFOLDING AGAINST COMEY

Much more than sea shells at the sea shore…. Is this now a case of TREASON for the former FBI director? Remember he was the FBI director who gave Hillary Clinton a pass on her corruption.

Go to the 3:03 minute mark on the video.

Here we go again….

“This story is breaking WIDE open:

OBAMA ORDERED OTHERS TO MANIPULATE INTELLIGENCE FOR POLITICAL GAIN”

Yes, the story broke wide open but…. Nothing happened? They can try to impeach Trump when he is out of office but they can’t touch Obama when he is out of office?

Remember that this was from a news broadcast from 9 months ago. What charges have yet to come from this? Has anybody, including Obama gone to jail over this? Is this also a conspiracy in itself not to take the evidence and let the hands of justice prevail? Who is holding this back? And NO Obama has not yet been arrested. That is all just click bait on the internet.

Here we go again….

“This story is breaking WIDE open: (this was 8 years ago)

ADAM SCHIFF PROPAGATES FALSE ALLEGATIONS OF RUSSIAN COLLUSION”   

Then let’s move on to Adam (pencil neck) Schiff urged to ‘resign immediately’ after bombshell allegations REVEALED. But did he? Again this was 8 months ago. Has he been convicted of his crimes?

What will it take to finally bring these people to justice and hold them accountable?

Schiff repeatedly told the American public there was strong evidence of Russian Collusion by Trump. To this day there is no such evidence nor has he shown any,, but he kept telling us all it was coming. Really? In fact, the evidence since shows just the opposite as it was the democrats under Obama that made up all of these allegations.  

Americans want justice and for them to stop covering for each other when they commit a crime.

Here we go again….

HOW CAN ADAM SCHIFF DENY THIS WHEN WE HAVE IT ON TAPE?

Here we go again….

TOP GOP MEMBER CALLS FOR FED INVESTIGATION INTO OMAR

Rep. Ilhan Omar did not meet deadline of May 6th in Minnesota fraud probe. Ilhan Omar refusing to turn over documents related to the Feeding Our Future Minnesota fraud within the Somali community. Will the US House or DOJ subpoena her next to answer to allegations of corruption?

Seems we be going to add Ihan Omar to our list of corrupt politicians who get away with no accountability for their actions? Who’s is going to be protected next?

ARE YOU SICK AND TIRED OF ALL THE CORRUPTION YET?

BUT WAIT THERE IS MUCH MORE TO COME……

WHO THE HELL IS ILHAN OMAR ANYHOW?

I mean let’s dig deep before she came to the U.S.

ILHAN OMAR’S RISE, MARRIAGES AND THE MILLIONS NO ONE CAN EXPLAIN

WHAT HAPPENS IF ILHAN OMAR GETS CAUGHT?

ILHAN OMAR’S IDENTITY… SOMETHING DOESN’T ADD UP

I have created a brand-new “Post RV Workshop” page in the blog. I included my own personal tips on investing post-RV and also organizing and protecting your estate. Here is the LINK. Going forward I will only post new and exciting information and opportunities here on the Latest Newsletter as they come along. Later I will transfer it to the ‘Post RV Workshop’ page in subsequent Newsletters for your future reference.

Just so you know I absolutely DO NOT adhere to high-risk investments where you can lose it all in a flash. Look at it this way – you are going to have all this money from your dinar exchange. Then why blow it! Most of us investors waited decades for this RV to happen and so why would you even think about pissing is all away in some high-risk gamble of an investment. Yes, there are going to be scammers out there but let’s talk about legitimate investment opportunities only. These scammers can suck you dry and there is not a damned thing you can do about it.

Go to a legitimate wealth manager associated with your bank. Let the licensed experts advise you. Please, please stay away from idiots like MarkZ, TNT Tony, Bruce (on the Big Stupid Call), etc. , etc. Go to professionals. It doesn’t mean you have to follow everything they advise you but it’s a great start. Remember they too are selling investment products and get commissions.

Nothing new to report today. Please see the blog section on the other great news on this subject matter here LINK.

WASHINGTON SENDS A NEW MESSAGE TO THE NEXT IRAQI GOVERNMENT

 
The US government sent a new message today, Friday, to Iraqi government, the next one, while reiterating its rejection of the involvement of armed factions in the next Iraqi government.

NBC News quoted a State Department official as saying that there is currently a “blurred” line between Iraqi state” and the armed factions,” he urged Iraqi government, the new one that is expected to form prime minister the assigned Ali Al-Zaidi” to sever its ties” with those groups.”

The official called on the government of Iraq to take the next step is to issue a clear statement stating that the militias are not part of it,” stressing that “American facilities in Iraq were subjected to more than 600 attacks during the military conflict that the region witnessed from the end of February until the ceasefire came into effect on April 8.”

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REPOSITIONING OF FACTIONS IN IRAQ… HANDING OVER WEAPONS IS THE GATEWAY TO PARTICIPATION IN AL-ZAYDI’S GOVERNMENT

Iraq is witnessing a significant political and security development: several armed factions have announced their intention to hand over their weapons to the Popular Mobilization Forces (PMF) in the near future. This move is interpreted as a political repositioning in preparation for participation in the anticipated Iraqi government headed by Ali al-Zaidi .

Informed Iraqi sources confirmed to Al-Nahar that “the factions’ move, spearheaded by Asa’ib Ahl al-Haq led by Qais al-Khazali, Kata’ib al-Imam Ali led by Shibl al-Zaidi, and Ansar Allah al-Awfiya led by Haider al-Gharazi, comes within the framework of their efforts to solidify their presence in the political arena and prepare themselves for joining the new government.”

The sources added that “this move coincides with escalating international pressure, led by the United States , which has intensified its messages to Iraqi political leaders in recent weeks, warning against the inclusion of any armed faction in the upcoming government.”

It indicates that “ Washington informed the Iraqi leadership, as well as the prime minister-designate, that the participation of any armed faction in the government would negatively affect bilateral relations, with the possibility of taking political, economic and security measures, especially in the areas of financial and security cooperation.”

Observers believe that the announcement by some factions of their readiness to hand over their weapons to the Popular Mobilization Forces (PMF) may be interpreted in Washington as a superficial step aimed at repositioning, not dismantling the military structure. These reorganizations may also be used as a means to absorb international pressure without fundamentally altering the nature of armed influence.

Strategic affairs expert Abbas al-Jubouri told Al-Nahar, “Handing over weapons to the PMF may not be seen internationally as a genuine step towards ending the presence of weapons outside the state’s control, but rather as a measure within the context of political and organizational repositioning.”

He added, “The American assessment depends on the extent of actual change in the factions’ military decision-making structure, not on political pronouncements. Any step that is not accompanied by a genuine dismantling of the armed structure and full integration into official institutions will be considered an attempt to absorb pressure.”

Testing the seriousness of integration and weapons control

Al-Jubouri warns that “reorganizing Iraqi factions under an official umbrella without changing the nature of the leadership or the sources of decision-making could entrench the duality of armed groups within the state, raising international concerns about security stability in Iraq.”

He points out that “continuing this approach could expose the next government to increasing political and economic pressures and could negatively impact the level of security cooperation and international support, thus necessitating the adoption of a clear path that ensures the state effectively monopolizes weapons.”

Conversely, analysts believe that the success of this path in modifying the international stance remains contingent on the transparency of its implementation and the extent of genuine integration within the security apparatus, free from the duality of decision-making and armed groups. Experts also emphasize that any real transformation requires broad internal consensus and direct dialogue with international parties, given the complexities of the Iraqi landscape and the intertwining of security and political issues.

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EXPERTS: “SECURITY GUARANTEES” ARE A PREREQUISITE FOR THE RETURN OF INTERNATIONAL COMPANIES AND MISSIONS TO IRAQ

(Mnt Goat: This article could not articulate any better why Trump wants these militia and factions out of Iraq. Do you see it now? Do you see why this issue of the PMF is of high priority and on the CBI list of the top five issue prior to any Reinstatement? )

Efforts to restore international activity in Iraq face significant challenges, with experts and specialists linking the return of foreign companies to certain conditions.

Diplomatic missions should obtain tangible security guarantees.

These demands come in the wake of a wave of withdrawals following attacks by armed groups on the headquarters of those missions and companies. During a period of escalation that lasted forty days. Experts confirm that the departure of these companies caused serious damage to Iraq’s national income and foreign relations.

This necessitates opening direct government communication channels to provide the necessary assurances for her return. In the same vein, The responsibility lies with the government to rebuild investor confidence. It is worth noting that the crisis worsened after embassies and diplomatic centers were subjected to daily attacks by missiles and drones.

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THE DOLLAR EXCHANGE RATE AND THE COMPLEX EQUATION BETWEEN BUDGET SUPPORT AND RISING INFLATION

The dollar exchange rate represents a dual-impact economic tool, as it contributes to improving the trade balance by boosting exports, but at the same time it fuels inflation and raises the cost of imports, which puts decision-makers before a delicate equation between financial stability and social stability.

Economic expert Salah Nouri confirmed on Wednesday that governments resort to raising the exchange rate of the dollar against the local currency to cover the financial deficit, especially during times of chronic financial crises.

Nouri said that this step has both advantages and disadvantages, explaining that one of its most prominent advantages is providing liquidity to the government that contributes to bridging the deficit, as well as making local exports cheaper for importing countries, which enhances competitiveness and supports the trade balance.

He added that one of the most significant drawbacks is the high inflation rates and the increased prices of imported goods, which directly impacts the poor and low-income groups, especially in the absence of government measures to alleviate the burdens of inflation.

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THE UNIFIED TREASURY RECOVERS TRILLIONS OF DINARS AND CLOSES THOUSANDS OF BANK ACCOUNTS.

The unified treasury recovers trillions of dinars and makes tangible progress in controlling government accounts, as the Ministry of Finance announced the closure of 3,743 bank accounts and the recovery of billions of dinars from inactive accounts.

The Ministry of Finance announced on Wednesday that more than 3 trillion dinars and 333 million dollars have been returned to the public treasury account since the implementation of the unified treasury account.

A report from the Accounting Department at the Ministry of Finance stated that “the number of zero accounts that were closed in accordance with Cabinet decisions was (3743) bank accounts,” indicating that “the total amount recovered during the implementation of Decision No. (23581 of the year (2023) on inactive accounts that had been inactive for more than 5 years was 159 billion, 560 million, 226 thousand, 325 dinars, and in dollars 133 million, 866 thousand, 180 dollars.”

He added that “the amounts recovered from the dormant accounts of the public treasury amounted to 26 billion, 348 million, 90 thousand and 17 dinars, and in dollars 198 million, 304 thousand and 312 dollars,” noting that “the recommendations regarding the non-moving accounts belonging to the departments affiliated with the Ministry of Finance have been completed, as the total amount recovered for the public treasury amounted to (149220725960) dinars.”

The report explained that “the total amount recovered from the remaining balance of the unified treasury account for salaries for the year 2024, which is withdrawn monthly, amounted to large sums in dinars of 726990927864 dinars and in dollars of $458928, while other amounts were recorded relating to the remaining salaries for the year 2025 amounted to 299601275444 dinars and in dollars of $495790.”

Remaining operating expenses

He noted that “pending the end of the fiscal year on 12/31/2023, banks were instructed to withdraw the remaining operating expenses, and the total amounts withdrawn according to the unified treasury account amounted to large sums in dinars.”

The report indicated that “during the year 2025, banks began withdrawing amounts from the (old) operating expenses accounts into the unified treasury account, amounting to 293819265860 dinars.”

As part of organizing the work, after the end of the fiscal year on 12/31/2025, the cash liquidity for the operating accounts was withdrawn, while continuing to adopt the previous work mechanism to ensure the accuracy of matching between bank statements and central records.

The report confirmed that “the total amount recovered for the public treasury during the implementation of Resolution No. (24913) of 2024, related to central accounts that have not been active for more than five years, amounted to 34071023130 dinars and $9481.”

In a related context, the report explained “the implementation of the paragraph regarding the transfer of bank account balances for centrally funded entities that have not been held for five years, where an account was opened with the bank in the name of the Ministry of Finance/Accounting Department, and the necessary procedures were completed in coordination with the banks,” noting that “the number of accounts is 121 with an amount of 48958677591496 dinars and in dollars 1644977 dollars.”

Implementing the unified treasury system

She also noted “the continuation of work on implementing the unified treasury system, with advanced steps taken to address inactive accounts, where data was collected, audited and submitted to higher authorities to make the necessary decisions regarding them,” pointing out “the completion of control and oversight procedures for bank accounts, by contacting government agencies to provide a comprehensive database of the accounts they have open, whether paper or electronic.”

He stated that “in implementation of paragraph (Second 3 (a) – (b) of Resolution 24913 of 2024, which included transferring the balances of bank accounts of self-financing entities that have been more than (5) years old and those that have not been (5) years old with banks to the account opened in the name of the Ministry of Finance / Accounting Department until the committees complete the work regarding their recommendations, and in light of that, our letter No. (49) was issued on 1/5/2025 to inform the banks to take the necessary action.”

The report confirmed “the follow-up and monitoring of balances that were transferred in accordance with Cabinet Resolution (24913) of 2024 to our accounts opened at the main branch of each bank that has inactive accounts. Our circular No. (24089 on 2025/8/25) was issued to provide us with a statement for each account.”

He explained that “with regard to the recommendations that were provided to us by the committees in the ministries and non-ministerial entities formed according to Resolution 23452 of 2023, paragraph (3) thereof, a unified database of accounts was prepared for the purpose of sorting and settling those accounts and sending them to the banks according to our circular No. (12477) dated 5/11/2025 for auditing and matching the inactive bank accounts belonging to the spending units and stating any observations on them. After the issuance of Cabinet Resolution No. (373) of 2025, which included the formation of a committee, Diwani Order No. (46) was issued regarding settling the issue of inactive accounts, whereby a committee was formed headed by the Financial Control Bureau and with the membership of the Accounting Department and the Rafidain and Rasheed Banks, and all the documents were handed over to the committee member from the Ministry of Finance, according to the note of the respected Director General.”

Tightening control and oversight

He explained that “in order to tighten control and oversight of bank accounts at spending units, our circular No. (29016 on 10/30/2024) was issued, followed by circular No. (34325) on 12/23/2024, which included the creation of a unified treasury account division in the financial department of the headquarters of each ministry or entity not affiliated with a ministry or governorate, as well as for the general administrations of government banks, to create a database of bank accounts opened with them and to update it periodically.”

He pointed out that “bank account databases were received for the purpose of auditing and cross-referencing them from some of the Unified Treasury Account branches that were created in ministries, non-ministerial entities, and governorates, along with the bank account databases, after they were sent to the Unified Treasury Account branches in government banks.”

He emphasized, “Regarding the comprehensive banking system and to demonstrate the extent of its application in government banks and their branches that have joined, and the number of unified treasury bank accounts in each branch, statistics have been prepared for the purpose of preparing this memorandum.”

He pointed out that “in order to complete the monitoring of the movement and balances of bank accounts at bank branches and to access fast and reliable information, an electronic platform was created between government banks and this division according to pre-planned stages, including:

The first stage includes the accounts for the unified treasury (salaries/operating expenses) according to the Excel model that we have prepared, which includes all the information that we see as necessary in the work of the unified treasury account, according to our circular (14192 on 2025/5/25).

The second phase is subject to the successful implementation of the first phase. Our letter No. (18309 on 7/8/2025) was issued, which includes directing government banks to upload government (current) accounts via the platform.

The third phase, after the successful completion of the second phase, will involve unifying the platforms after selecting the most suitable platform that best meets the work requirements. A ministerial order was issued to form the technical team, which was tasked with unifying the platforms according to a modern work mechanism, and it contributes to implementing the steps of the unified treasury account. Successive meetings have been held, and we are now in the semi-final stages of implementing the third phase.

development process

The fourth (targeted) stage is a developmental process that can be updated in the field of platforms or by adding any new work mechanism that is implemented according to the requirements of the work.

He continued, “Based on the request of the Investment Plan Department to provide them with the Investment Plan accounts to compare them with the accounts they have,
our circular No. 31769 dated 11/2/2025 was prepared and directed to the banks to provide us with the accounts that they printed (my investment).”

He pointed out that “in order to resolve the non-active accounts and move towards advanced steps in the unified treasury account, and due to the existence of non-active accounts that appeared at the bank branches, our circular No. (26169 on 9/15/2025) and its successor (29404 on 10/12/2025) was issued to provide us with the non-active accounts. The data received by us was collected and verified, and it was submitted to the General Secretariat of the Council of Ministers/Office of the Secretary-General by virtue of letter No. (8558 on 4/13/2026) for the purpose of presenting it at the Council of Ministers session to issue a decision regarding it.”

The report concluded that “the total amount returned to the public treasury account since the implementation of the unified treasury account until the date of preparation of the report amounted to (3683869713303) dinars and (333134691) dollars only, while the number of zero bank accounts that were cancelled amounted to (3743) bank accounts.”

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OIL DISCOVERED IN IRAQ WITH HUGE RESERVES NEAR THE SAUDI BORDER

An oil discovery has been announced in Iraq with reserves approaching 9 billion barrels, according to details obtained by the specialized energy platform, issued from Washington.

The announcement of the oil discovery within the “ Qarnayn ” area came during Oil Minister Hayyan Abdul Ghani’s reception on Wednesday, May 6, of a delegation from the Chinese company Zhenhua, in a move that supports Baghdad’s strategy to raise its production capacity to 6 million barrels per day by 2029.

During the meeting, developments in the work in the “Al-Qarnayn” exploration area, along with the East Baghdad South field, were discussed, in the presence of the Director General of the Central Oil Company, Muhammad Yassin.

The Minister of Oil confirmed the discovery of oil in Iraq in the Al-Qarnayn block, which was referred to the Chinese company as part of the fifth supplementary and sixth licensing rounds during 2024.

Abdulghani stressed the importance of accelerating the pace of work to achieve the goals of oil projects, in order to ensure the sustainability of crude oil production and maximize the benefit from associated gas.

Two Horns Field

The Al-Qarnayn field is the first exploration block to record an oil discovery within the blocks offered in the fifth supplementary and sixth rounds, demonstrating the great potential of undeveloped areas in Iraq, especially in border areas.

An oil discovery was made in Iraq in the Shams-11 exploratory well, which began drilling on January 10, 2026. On February 24, 2026, hydrocarbon reservoirs were reached with estimated reserves of approximately 8.8351 billion barrels.

The new oil discovery in Iraq is located within the (MUS) formation at depths ranging between 1916 and 1965 meters, with an initial production rate of approximately 3248 barrels per day.

The oil discovered in the Al-Qarnayn area is classified as light oil, which enhances its economic viability and ease of development.

Oil discovery site in Iraq

The Al-Qarnayn area is located in the southwest of the country within the borders of Najaf Governorate, along the Iraqi-Saudi border, and is considered one of the promising exploration areas, as it extends over an area estimated at about 8773 square kilometers.

The large geographical extent reflects additional opportunities for the existence of other potential reserves, opening the way for further exploration operations during the next phase.

The oil exploration, development and production contract for the block was signed on October 17, 2024 between the Middle Oil Company and North Petroleum International, wholly owned by the Chinese company Zhenhua, as part of the oil licensing rounds.

The contract came into effect on November 18, 2024, before operations were subsequently transferred to Qurnain Petroleum Limited, which took over management of the block starting from May 17, 2025, as the new operator of the project.

During the meeting, Zenhua reviewed the ongoing work stages, both in the Al-Qarnain area through the operating company, and in the East Baghdad South field, where EBS is working to increase production rates.

The company proposed the idea of ​​rapid investment in the exploration block, which would contribute to accelerating the conversion of discoveries into actual production, and maximizing economic returns in the shortest possible time.

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US SANCTIONS IRAQI DEPUTY OIL MINISTER FOR ALLEGEDLY DIVERTING FUNDS TO IRANIAN PROXIES

RBIL, Kurdistan Region of Iraq – The US on Thursday announced new sanctions targeting Iraqi individuals and businesses allegedly exploiting the country’s oil sector to support Iran and its proxies, including the country’s deputy oil minister Ali Maarij al-Bahadly.

The sanctions target Bahadly for being “instrumental in facilitating the diversion of Iraqi oil products” to benefit Iran-affiliated oil smuggler Salim Ahmed Said and the Iran-aligned militia Asa’ib Ahl al-Haq (AAH), the Treasury Department’s Office of Foreign Assets Control (OFAC) said in a statement.

AAH is a pro-Iran armed group that is part of the state-integrated Popular Mobilization Forces (PMF) and is designated as a terrorist organization by the US, having been responsible for numerous attacks on US diplomatic and military facilities.

“For years, Maarij has used his official positions—first as the head of the Iraqi parliament’s oil and gas committee, and then within the Iraq Ministry of Oil—to enrich Said, AAH, and by extension, Iran,” the OFAC added.

The deputy briefly served as acting oil minister in 2024 when his superior, Hayyan Abdul-Ghani, required a medical procedure in the US. Bahadly at the time said that “all the administrative and financial powers granted to the minister” were bestowed upon him during the latter’s absence.

“Like a rogue gang, the Iranian regime is pillaging resources that rightfully belong to the Iraqi people,” said Secretary of the Treasury Scott Bessent. “Treasury will not stand idly by as Iran’s military exploits Iraqi oil to fund terrorism against the United States and our partners.” 

The sanctions, which come as part a large-scale US campaign dubbed Operation Economic Fury seeking to disrupt Iranian revenue sources, also target an economic official for AAH, Mustafa Hashim Lazim al-Behadili, who also owns a number of companies in the country’s oil sector.

“Following the US withdrawal from Iraq in 2011, al-Behadili played an important role in developing an oil trucking and security unit, allowing AAH to become a dominant actor in the Iraqi metals industry, as well as enabling AAH’s entrance into fuel oil theft, which focused on stolen or subsidized oil,” the OFAC said.

Last month, the US Treasury Department announced sanctions targeting seven pro-Iran Iraqi militia commanders “responsible for planning, directing, and executing attacks” against US personnel and interests in the country during the war with Iran, including Kataib Hezbollah, Kataib Sayyid al-Shuhada (KSS), Harakat al-Nujaba, and AAH.

A senior KSS official, Ahmed Khudair Maksus Maksus, is also targeted in the latest sanction package for allegedly arranging “the payment of millions of dollars to Hizbollah to facilitate the purchase of weapons, and coordinated logistics related to the transfer and delivery of the weapons with Hizbollah associates.”

Many of the militias mentioned are part of the Islamic Resistance in Iraq, a network of Iran-aligned Iraqi Shiite militias linked to Iran’s Revolutionary Guard Corps (IRGC).

The groups are also officially under the auspices of the Iraqi state via the PMF, which was formed by Shiite paramilitary groups in 2014 following a call from Grand Ayatollah Ali al-Sistani to mobilize against the Islamic State (ISIS). In 2016, the PMF was granted official status by the Iraqi government.

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AL-ZAYDI PRESENTS THE MINISTERIAL PROGRAM TO THE SPEAKER OF PARLIAMENT

Prime Minister-designate Ali Faleh al-Zaidi presented the new government’s ministerial program to Speaker of Parliament Hebat Hamad al-Halbousi on Thursday (May 7, 2026), while both sides stressed the importance of cooperation to complete the process of granting confidence to the government.

The media office of the Prime Minister stated in a statement received by “Baghdad Today” that “Prime Minister-designate Ali Falih al-Zaidi presented the ministerial program of the new government to the Speaker of Parliament, Hebat Hamad al-Halbousi, during a meeting that brought them together today, Thursday.”

The statement added that “the ministerial program will be circulated to members of the House of Representatives for them to study and review its details, and the names of the government formation will be submitted at a later time.”

According to the statement, both sides emphasized “the importance of joint cooperation and coordination to proceed with completing the entitlement to grant confidence to the government and its ministerial program as the basic pillar upon which the government builds its work and duties, based on constitutional and legal contexts.”

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a

THE GOVERNMENT’S FEATURES ARE TAKING SHAPE, AND THE PROGRAM IS NOW IN THE HANDS OF PARLIAMENT.

As the political scene approaches a crucial moment, dialogues between political blocs are accelerating to finalize the formation of the new government, amid growing expectations that the cabinet will be announced and voted on next Monday, according to political data circulating within parliament.

These developments come amid advanced political understandings between the main parties, which have given the prime minister-designate ample room to choose his ministerial team, in parallel with the continuation of talks on the distribution of portfolios and the establishment of political entitlements for the various components, which makes the birth of the government dependent on precise agreements that have not yet been definitively settled.

In a related context, parliamentary data indicates that the government program has reached, or is about to reach, the House of Representatives, in preparation for its discussion and approval within the constitutional process related to passing the cabinet.

As the decision nears, the political debate is shifting towards the nature of the government program rather than the names, as a number of MPs are demanding a move away from quotas and the adoption of standards of competence, integrity and transparency in the selection of ministers, while enhancing transparency by publishing their biographies to the public.

In this context, MPs confirm that the features of the government have begun to gradually take shape, despite the continued disagreements over some portfolios and the mechanisms for distribution among the blocs.

Political.

Parliamentary initiatives have also emerged concerning the regulation of the relationship between the executive position and electoral entitlement, through a proposal that obliges ministers not to run in the upcoming elections, and prevents their first-degree relatives from running, in addition to including holders of special grades and undersecretaries of ministries, with the aim of limiting the exploitation of government influence in election campaigns, with the intention of including this in the election law later.

In parallel, interest in the security file is escalating as one of the top priorities of the next government, with calls for a comprehensive reform of the security and military system and an update of the combat doctrine in line with regional and international changes. 

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MP: AMERICANS HAVE BEGUN SCRUTINIZING THE NAMES OF AL-ZAYDI’S CABINET MINISTERS, AND TRUMP MAY CHANGE HIS STANCE.

MP Zahraa Luqman, from the Badr Organization, expressed her concerns about the change in US President Donald Trump’s stance towards Prime Minister-designate Ali al-Zaidi, stressing that the US administration has already begun scrutinizing the names of candidates for the upcoming cabinet.

Luqman said during a televised interview followed by local media that Trump “could change his mind at any moment,” describing him as “a contradictory person,” and noting that her concerns relate to the way ministers were chosen after al-Zaidi was appointed.

The MP criticized the mechanism for selecting Al-Zidi’s coordinating framework, considering that he “does not have a clear electoral entitlement,” but at the same time she did not rule out his success, stressing that he is “a son of the market” and has economic experience that may help him manage some important files.

She added that there is “accurate information” indicating that the American side has actually begun reviewing the names of the proposed ministers, through a figure who presents the names to the Americans to obtain their approval, as she put it.

Luqman pointed out that Al-Zaydi might be able to bring about change in some service and economic ministries if he stays away from the policy of partisan favoritism, stressing that the Iraqi street is waiting for a government program different from previous governments.

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

                                             Just the FACTS!

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

Auf Wiedersehen

Much love to ya all,

Mnt Goat

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1,586 thoughts on “Latest Mnt Goat Newsletter

  1. 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

    Liked by 1 person

    1. 20 years ago st famkie told me the dinar is like a woman in labor its coming but when I still believe that

      Like

  2. 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.

    Liked by 1 person

    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.

      Liked by 1 person

  3. “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 💫

    Liked by 1 person

  4. 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?

    Like

  5. 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

    Like

  6. 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.

    Like

      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

        Liked by 1 person

  7. 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.

    Like

  8. 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

    Like

  9. 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.

    Liked by 2 people

  10. “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.

    Liked by 1 person

  11. 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.

    Liked by 1 person

  12. 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.

    Liked by 1 person

  13. 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. 

    Like

    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

      Like

  14. 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.

    Liked by 2 people

  15. 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.

    Like

  16. 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.

    Like

  17. 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.

    Like

  18. Al-Sudani chairs a meeting to follow up on the outcomes of the Washington visit and issues guidance to the advisors

    April 30, 2024Walter

    • Time: 04/30/2024 22:58:40
    • Read: 91 times

    Al-Sudani chairs a meeting to follow up on the outcomes of the Washington visit and issues guidance to the advisors

    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

    Like

    1. 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. 

      Like

  19. 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

    Like

  20. 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.

    Like

  21. What is a real number we can hope the rate will stay at at the time of the RV after the first few weeks ?

    Like

    1. 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.

      Liked by 1 person

  22. 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

    Like

  23. 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.”

    Like

  24. 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.

    Like

  25. 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. 

    Liked by 1 person

  26. 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

    Liked by 1 person

  27. 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!

    Liked by 1 person

  28. 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.

    Like

    1. 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

      Like

      1. 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.

        Like

  29. 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.

    Like

  30. Hi Roger:

    Thank you for the information. I hope the videos come out soon. That would be a big boost.

    Take care – Gavin

    Like

  31. 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

    Like

    1. 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

      Like

  32. 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.

    Like

  33. 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

    Like

      1. 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.

        Liked by 1 person

      2. “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.

        Like

      3. 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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  34. 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)

    Like

    1. Thanks Roger.

      if there are any images like of fils or other helpful images, can you send it? Thank you

      Like

  35. 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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  36. 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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  37. 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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  38. 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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  39. Hi MG:

    Great news about the CBI prepared articles going to the media outlets. That should mean the articles should go out soon as the CBI wouldn’t send the articles too far in advance.

    If the articles have been received by the news media, shouldn’t we expect a leak? This is big news.

    Thank you – Gavin

    Like

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