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:
October 27, 2026 Mnt Goat News Brief
Guten Tag everyone:
So, here we go again. The ‘project to remove the zeros’ surfaces once again…..
My CBI contact told me on my Saturday call to Iraq they are making preparations to begin issuing the newer lower denominations. More details are coming, she said.
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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Proverbs 19:17
“Whoever is generous to the poor lends to the Lord, and he will repay him for his deed.”
STATUS OF THE RV
Iraq needs to get off their asses and realize the entity that have been holding them back now for 23 years is NOT their friends. I am talking about Iran.
With this above statement, let us get into today’s news.
As we wind down our October news, we begin to see a resurgence of the issue of the project to remove the zeros. What’s going on here? is this just in time? The question is still debatable whether any real formal announcement has been made to actually set a date to begin the project. I don’t think we are going to get one. Instead Iraq will just begin to see the newer lower denominations mixed in circulation with the 3 zero notes. If you remember there will be no revaluation of the ‘official’ rate. Both sets of currencies will hold to the same official rate. But we know better and we know that there will be an indirect rate change (not an official revaluation), for, if you do the math, the rate per dinar does in fact change just by the lower denomination.
As we may remember there were multiple articles that told us this project would most likely begin in the first quarter of 2027. We also know the Finance Committee is pushing along with the CBI, however the CBI is said to be willing to move on it should there be legislation passed by parliament or not. This is important to remember. I need everyone to understand there have been about six options presented in the past news regarding ways to retrieve these hoards of cash (nearly 80% of the monetary mass) back into the banking system.
Here are the two most recent articles on this subject that came from Iraq just this week. They are titled as follows. Both are in the Articles Section of today’s Newsletter. Neither article is telling us anything we haven’t already heard before. But why bring this issue of removing the zeros up again just about 60 days from 2027?
“REMOVING ZEROS FROM THE IRAQI DINAR: A GOVERNMENT MOVE REOPENS THE ISSUE.”
“CURRENCY REFORM BEFORE REMOVING ZEROS: AN ECONOMIST TELLS IRAQ OBSERVER THAT THE ROADMAP IS TO STRENGTHEN THE VALUE OF THE IRAQI DINAR.”
In past articles the two main options that stood out most are:
1)to just print a new version of the 3 zero notes, then recall the ones. In recalling the author felt they could retrieve all of these stashes. Does this even make any real, practical sense. It would be very expensive to do and what would it really accomplish. Over time they would only be in the same situation all over again.
2)to issue the newer lower smaller denominations at the going CBI rate. Yes, not to change the ‘official’ rate yet. These notes we were told are already printed and so there would be little to no future cost. If we do the math we learned that at 1320 there would be an informal/indirect rate change to .76 cents per dinar, and at 1520 .66 cents per dinar. They know this too. I strongly believe that if they did this move it would lead very quickly to a reinstatement at a much higher rate, the real nominal value of the dinar and would be back on the trading platforms. The sole peg to the dollar would be changed, dinar on a float and risk minimized to a basket of currencies, something the Iranian-backed crooks in Iraq also don’t want. This would cut out the parallel market altogether as there would be no need for massive amounts of dollar for trade or anything else. Thus it would suffocate the flow of U.S. dollar permanently to Iran.
THE CULPRIT IS THE U.S. DOLLAR……
Let’s break down why I have been saying this again. Here is what puzzles me most about the parallel market. By the way it is an ‘illegal’ parallel market. No other country has such a strong black market that actually influences the ‘official’ rate of their currency so much as the black market in Iraq. It is a sad repercussion and reality to deal with while Iraq awaits the launching of the dinar back to FOREX. It’s illegal and so why don’t they just close it down and arrest anyone interfering in the nations monetary policy? Are they afraid? Is it that many crooked politicians enjoying the massive profits from it?
Yes, there is a usefullness to the parallel market too but also drawbacks that go along with it. The sole peg to the dollar invites the black market. It is a matter of course.
Please see the recent article titled “THE GENERAL SYNDICATE OF MONEY CHANGERS REVEALS A PROPOSAL TO FINANCE SMALL TRADERS AND SUPPORT THE STABILITY OF THE EXCHANGE RATE.”
“The General Syndicate of Exchange and Brokerage revealed on Saturday a proposal to launch a platform dedicated to financing small traders to support exchange rate stability. This announcement came on the sidelines of a meeting that discussed supporting the Central Bank of Iraq’s efforts to stabilize the exchange rate and developing the operations of exchange companies.”
If you can’t beat’em, join’em?
Please also see this recent article titled “AN EXPERT REVEALS THE REASON BEHIND THE PARALYSIS OF WHOLESALE MARKETS AND SPECULATORS’ MANIPULATION OF THE DOLLAR.”
“Economic and banking expert Diaa Mohsen attributed the paralysis and stagnation plaguing wholesale markets and the reluctance of merchants to sell their goods to the “vague” and unclear policies pursued by the Central Bank of Iraq. He emphasized that these measures have left the parallel market in a state of constant fluctuation.
“Mohsen told the Information Agency, “The refusal of wholesalers to sell their goods has caused a shortage of basic commodities in the markets, which has automatically led to a new surge in the prices of goods and commodities, with the ordinary citizen being the sole victim of this chaos.”
This is the example of the liability of the parallel market dependency on the US dollar to actually cause hyper-inflation rather than eliminate it. It is time to do away with the dollar and this parallel market. It could not be any clearer this is what they need to do.
“He added, “The Central Bank injects hundreds of millions of dollars daily, but most of it goes as foreign transfers, while what is injected into the local and cash market does not exceed $3 million.” He pointed out that “this cash shortage has opened the door wide for speculators in the parallel market to manipulate exchange rates and impose their sales outside the official rate.”
Mohsen explained that “this ineffective mechanism has eroded the confidence of both merchants and citizens in the central bank’s monetary policy, leaving markets hostage to rumors and daily speculation.”
So, we can see by this suggestion to the solution to the parallel market some people really don’t want it to EVER go away. Don’t they know that when they launch back on FOREX they will repeg and so bye-bye parallel market? Do you see what I am trying to tell you today in this Newsletter. They keep trying to adjust to meet the IMF requirements without really solving the issue. They have no other real solutions or suggestions that they may implement and watch them fail again and again.
We have continued to see this over and over again. The issue is the sole peg to the U.S. dollar. Get it? But there are some smart people in the government too that also see this hypocrisy and so they, like us, see the only plausible solution is removing the zeros and launching back to FOREX.
To answer this first question, I will ask another question. Why don’t they repeg the dinar? It is so obvious that the sole peg to the US dollar is the culprit not so much the parallel market that they accuse. The parallel market only leaches off this sole peg. Get rid of the sole peg- solution done!
The parallel market is all about getting the almighty US Dollar then selling it at a spread. We have seen consistently this spread seems to average about 200 dinars. It is the sole peg that dictates using the dollar to trade with the outside world. Remember that Iraq already de-dollarized inside country and even made it illegal to sell in the markets unless using dinars.
Please the recent article titled “DAGHER EXPLAINS AL-ZAYDI’S PHILOSOPHY IN CURBING THE “PARALLEL MARKET”… CASH PLANES WILL DISPEL PEOPLE’S FEARS”
“The Central Bank of Iraq entered the debate on Saturday (October 24, 2026) regarding the feasibility of injecting cash dollar shipments to calm the markets, supporting the vision put forward by Prime Minister Ali Faleh al-Zubaidi, and explaining that the introduction of “cash planes” comes to break the state of fear and speculation in the parallel market to reach the exchange rate level of 152 thousand dinars per 100 dollars.”
My impression of this above solution – it is nothing more than a knee-jerk reaction as a solution, like putting a Band-Aid on a deep wound that is bleeding you to death.
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Take a peek at this recent article titled “AL-FATLAWI SPEAKS ABOUT STEPS TO RAISE THE VALUE OF THE IRAQI DINAR.”
MP Shaima al-Fatlawi stressed on Sunday “the necessity of adopting an economic and monetary policy aimed at protecting the Iraqi dinar and restoring its purchasing power, noting that the decline in the value of the local currency over the past years has negatively impacted the living conditions of citizens”.
Speaking to Al-Maalouma, al-Fatlawi said, “The government should have worked to preserve and strengthen the value of the Iraqi dinar, as other countries have done to maintain the stability of their currencies, instead of resorting to measures that lead to its periodic devaluation.”
She added, “Monetary policy should focus on restoring the dinar’s purchasing power and achieving a more stable value,”
But how do you truly increase the purchasing power of the dinar? For one thing you can stop suppressing the true value of it. It is not about growing the economy so mush as it is about being real about the dinar. Iraq takes in billions of dollars in oil revenues each month to more than support the economy and salaries. So why the shortage of money?
1)Hoarded cash outside the banking system that can’t be used to help the economy in times of crisis. take a peek at this recent article titled “SOURCE: LACK OF FINANCIAL LIQUIDITY IS BEHIND THE DELAY IN PAYING IRAQI EMPLOYEES’ SALARIES FOR OCTOBER.”
I will let this one speak for itself. Go figure why? Just as I have been explaining to you. The banks have little cash. It is all hoarded outside the banking system.
“An informed source attributed the delay by the Federal Ministry of Finance in disbursing state employees’ salaries for this month to the lack of necessary financial liquidity.
The source told Shafaq News Agency that funding for ministries and state institutions for the current month of October has not yet been provided due to the lack of necessary financial liquidity, which has led to a delay in the payment of salaries.”
2)I will present this recent article and it speaks for itself. It is titled “20 BILLION IN 3 NEIGHBORING COUNTRIES… EXPECTED PARLIAMENTARY ACTION TO RECOVER LOOTED FUNDS AND COMBAT CORRUPTION”
Hey…hey…. Didn’t the government just tell us they had to borrow over $5 billion from the IMF to cover salaries and retirements? Why not use this clawed back money instead? Maybe if they didn’t have the parallel market they funds couldn’t be stolen?
The next question I have is what is the hold up in removing the zeros and reinstating the dinar back to the foreign exchanges? We must connect the pieces that I just described above.
Think about this, yes seriously think about it – Why do they maintain the sole U.S. dollar peg knowing damned well all the issues it is now causing 23 years after the invasion ended and Saddam Hussein was ousted. It is really now to control hyper-inflation or has it taken on yet another face, a liability, that could cause hyper-inflation in itself?
Seems there is yet another issue too facing the removing of the zeros. Many of these government people always want to make the delay in removing the zeros all about going from a rentier economy to a capitalistic economy first. Then the economists jump on the bandwagon too and come out with their articles and advice to the government.
But we must ask what is this resistance to removing the zeros really all about?
Could it be they have stagnated so long already using these three zeros notes there is not an old paradigm to overcome, or maybe a fear too of the unknow of what may happen when they do issue the newer lower denominations?
Then when would they would feel comfortable removing the zeros? At this point all these articles about resisting this effort are just nonsense and I certainly hope that there are more sensible government and CBI officials that can see through it all.
This is ridiculous and total nonsense. I have already talked so much as to why I feel this way. Also, by the way, my CBI contact feels the same. The Iraqi dinar has value now and its certainly much more than 1/5 of a penny. So why not just openly trade it at what ever the nominal or true value is at this time on the foreign exchanges and let it float like all the rest of the global currencies?
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Please see the recent article titled “GOVERNMENT ADVISOR: IRAQ NEEDS TO TRANSITION FROM A RENTIER ECONOMY TO PRODUCTIVE CAPITALISM”
“Economic advisor Mazhar Muhammad Saleh affirmed on Saturday that the government’s move towards drawing up a new capitalist economic identity for Iraq represents a positive and important step, pointing to the country’s need to move from a rentier economy to a productive economy based on diversifying sources of income and encouraging investment.”
This brings us to a real issue facing Iraq, the intentional need manipulation to suppress its national currency so they bend at the wishes of Iran. We see this now especially on the issue of the terrorist factions not wanting to disarm and disband. Remember president Trump does not want just to disarm but to disband and breakup these militias and factions – like ‘no longer to exist’…. If he brings investors into Iraq, he does not want terrorist attacks later pulling their investment money out.
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What is the new prime ministers plan to transition from the rentier economy? The title to this article is “HIS ECONOMIC ADVISOR: AL-ZAIDI HAS PUT FORWARD A NEW VISION TO END THE ERA OF RENTIER ECONOMICS.”
“Muzhir Muhammad Salih, the economic advisor to the Prime Minister, affirmed on Saturday that the government’s move towards drawing a new capitalist economic identity for Iraq represents a positive and important step, pointing to the country’s need to move from a rentier economy to a productive economy based on diversifying sources of income and encouraging investment.”
All I can add is I will believe it when I see it, bla, bla, bla. How many times must we hear this stuff, yet no action! We have been hearing comments like this for over a decade already yet not of these plans actually pan out. Yes, just yet another guy as prime minister sating what he has to say, but it never comes forth. Will it this time? Investors, at least the larger ones they really need, don’t want to yet invest in an Iraq that has terrorists factions occupying it. Worse yet now the US pulled out.
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Please see the latest articles on this issue of disarming these factions inside Iraq. They are titled: “AL-MADA REVEALS DANGEROUS BEHIND-THE-SCENES DETAILS: AL-ZAIDI’S GOVERNMENT FACES A TEST OF WEAPONS AND THE DOLLAR, AND FEARS OF POPULAR PROTESTS.”
“The Independent Press Agency reported that a report published by the Iraqi newspaper Al-Mada, which was followed by the Independent Press Agency, revealed escalating political, security and economic challenges facing the government of Prime Minister Ali Faleh al-Zaidi, in light of the continued disputes over restricting weapons to the state, escalating financial pressures and fears of popular protests breaking out in the coming period.”
“The newspaper quoted sources close to the government palace as saying that al-Zaydi does not have an alternative plan to implementing the disarmament of the factions, and that the government is proceeding with its commitment to the new date set for June 30, 2027, after postponing the previous date that was scheduled for the end of last September.”
Again I will let this next recent bit of news speak for itself. The article is titled “AL-ZAYDI: AMERICAN CONCERNS ABOUT DOLLARS REACHING THE FACTIONS HAVE AFFECTED CASH SUPPLIES.”
“Iraqi Prime Minister Ali al-Zaidi said on Friday evening that American concerns about dollars reaching the factions have affected the volume of cash supplies, while noting that the Iraqi government aims to obtain payments of up to $2.5 billion to address the exchange rate gap”.
“In the oil file, he said that “there was one million barrels being sold to the Ministry of Oil at a price of 5,000 dinars per barrel, and this matter contributed to creating loopholes for corruption. The price of locally supplied oil was re-evaluated, which provides the treasury with about 20 trillion dinars annually.”
“He added that “80 trillion dinars in revenues are expected within four years of changing the pricing of local oil,” noting that “the government has imprisoned those involved in corruption in the Ministry of Oil contracts and subjected the contracts to auditing.”
“The Prime Minister stressed that “the Hormuz crisis deprived Iraq of benefiting from the rise in oil prices.”
Take a peek at this next recent article. There absolutely no proof that what Al-Zaidi says will actually happen. It is titled “IRAQ WILL SOON BE FREE OF ARMED FACTIONS, WEAPONS UNDER STATE CONTROL: IRAQI PM”
“Iraqi Prime Minister Ali al-Zaidi said Friday that Iraq would soon be free of armed groups, with weapons exclusively in the hands of state security forces, as he defended his government’s fiscal measures and anti-corruption campaign.””
There is no proof that this last statement will actually happen. The Iranian terrorist factions are still (to this day) resisting disarmament and disbanding. Don’t be fooled by the headline.
“In an interview with the state-run Iraqi Media Network (IMN), Zaidi said that “By June 30, 2027, no weapons will remain outside the framework of the state,” adding that “Iraq will soon, God willing, be a state free of factions, like other countries in the world, and weapons will be exclusively in the hands of the Iraqi security forces.”
“His remarks come amid continuing disagreements between the Iraqi government and powerful pro-Iran armed factions over Baghdad’s efforts to bring all weapons outside state control under government authority.”
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SUMMARY
Yes, I am still hearing from Iraq that the CBI fully intends to remove the zeros from their dinar as early as the first quarter of 2027. We all know what this ultimately means to us.
But we must be patient and realize lots can still happen to slow it down or delay it too. We must pray that nothing goes wrong.
As you may have read in my blog Iraq is going to borrow from the IMF over 5 billion to pay salaries while 80% of its cash is outside the banking system and can’t be utilized. This was to be used for August and September’s payrolls. But as I reminded everyone October was just around the corner too and now it is here. Again, they tell us they can’t pay October’s salaries due to lack of liquidity in the banks. What will they do now. The IMF loan turns out that it can sustain October also. The situation only worsens as time is running out on implementing a real solution, not a band-aid one. Everyone should take some time to at least read my RV STATUS today in it’s entirety and then reference the articles, even if you don’t read the entire article but just comb through them and get to the main points. Later down the road you will appreciate this information and you can tie it together with more of this ongoing RV saga.
We have not yet seen the Oil and Gas Law in parliament and so we wait to hear more on this topic. Remember that we were told way back in September by my CBI contact that the Oil and Gas industry in Iraq must be legislated and the law passed in parliament. It was supposed to be completed by 2007, according to the new Iraqi Constitution.
The CBI is determined to break the parallel market any way they can. A new set of reforms is expected to accomplish this goal, and so they say…. lol….lol….lol….
I don’t know why so many of my readers get so anxious. Maybe you have debts to payoff? It is a FACT that the dinar will move back to the currency exchanges (FOREX) and we can see the pressure building in the news in each and every one of my Newsletters now. So when will the dam finally break? It used to be that we might get an update on the project to remove the zeros once a month, if we were lucky. We have now had dozens of articles on this subject matter just since. August. Why is that? Can you connect that something is brewing and it was leaked out. They can’t put spilt milk back in the bottle, but they are desperately trying.
Of course they are worried about over speculators who want to make billions off of any revaluation when they have insider information. This is why the CBI is being so careful and I can’t blame them.
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PRAYER WORKS: As I have declared so many times before. It is our prayers that will help this investment come to reality sooner than later. They are working and we must continue. We must continue to pray and pray harder than before even. Are we willing to even make this little of a sacrifice for God to tell him what we desire?
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What do you think will happen next? (Leave a comment)
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Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!
These prophecies are an important tool we have to lead us on our path. They are more important now than ever. They give us the strength, perseverance and hope that a better time is coming and that God’s Hand is at work behind the scenes. If you just take a second even to look around you at these past three election cycles, how can you deny that God is at work? Are you sleeping or what?
It is amazing and there is no other way that these events could have happened the way they turned out. But there is more to come, much, much more, I assure you! Now that God has his biblical David re-elected, we need to pay attention to what He does next.
NOTE: These prophecies tell us also of things happening in the background that either the main stream news media does not know about or the crooked news media refuses to talk about. They do this to keep us in the dark to continue the Trump hating senario and for us to keep thinking that nothing is changing, thus Trump is not successful. But it is just the opposite happening. The proof is all around us if we look for it.
Prophetic Words from the prophets: Julie Green
“The Left Will Lose The Midterms”
This does not mean to get lazy and not VOTE. Every vote counts. So VOTE!
Go to the 10:46 mark on the video. Given on Oct 16th.
You definitely want to take a peek at this one today. WOW!
“YOUR ENEMIES ARE WALKING INTO TRAPS EVERY DAY “
Go to the 9:58 mark on the video. Given on Oct 10th.
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Fr. DON BOSCO EXPOSED THE DARK SECRET BEHIND ISLAM
I keep this one out here to view. Everyone should take the time to watch it. It will awaken you about the Muslim so-called religion (or should we call it for it is — a ‘cult‘.)
— And the truth the world forgot about the so-called Muslim religion.
Fr.Don Bosco, also known as John Bosco, was an Italian Catholic priest and educator, born on August 16, 1815. He founded the Salesian Society in 1859 to help disadvantaged youth, particularly boys, through education and community service. His teachings emphasized loverkindness, 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.
OBAMA’S NUCLEAR DEAL
SOMEONE’S HAS TO TELL US THE TRUTH BEYOND THE OBAMA LIES BEING TOLD BY HIM ABOUT HIS GREAT AND WONDERFUL IRANIAN DEAL.…. loL… lol…. LOL…
Was the former president Obama really that stupid about Iran or did he know the truth and there is an Iranian conspiracy going on here. Is he really an Iranian terrorist sympathizer? Really this may seem weird, even laughable to those liberal Obama lovers. Many are so naive and can’t believe it could possibly happen that Obama was a planted politician as president by the globalist deep state. He was groomed to meet certain objectives. So many of us need to take the vail off for a second, slap yourself in the face to wake yourself up and listen to how Obama is now taking credit for an Iranian deal. Really? I am not saying this as you can see if is coming from past news channels and his own mouth. You have to be kidding me.
From his words about the handling of the nuclear treaty with Iran we can clearly see his administration did not know what the hell they were doing. They made a mess of the treaty, and so can you blame Trump for cancelling U.S. participation in it and slapping on severe sanctions? Iran played Obama and his gang as fools.
This is about the former Obama era Iranian nuclear deal and just how bad it was.
‘WE THE PEOPLE’ HAVE MUCH MORE POWER THAN WE THINK.
It’s our country not the elite globalist. It does not belong to the politicians or worst yet non-elected government employees who are following the script of the globalists. They merely represent us and when they infringe upon the TRUST we give to them, it’s time to get rid of them. This trust has been broken!
The 4th Amendment abuse….
Everyone MUST watch this one. A national camera network that watches our cars everywhere we go. It feeds a master database that connects our locations and traces the license plate. Who allows these cameras? Who is paying for them? Too many examples of abuse of power, if you allow this continue. Many of these cameras have already been shut off on protest. It is time to dismantle all of them and pass laws prohibiting this abuse of our 4th amendment rights.
But these cameras are only one example of many abuses. There are many other cases of this mass surveillance of the citizens. Yes, these measures can catch criminals but at what cost. Is it worth the abuse and concerns to abuse out constitutional rights.
Flock cameras are automated license plate reader (ALPR) cameras designed to capture vehicle information for law enforcement and public safety purposes.
A Flock camera is a surveillance device created by Flock Safety, an American company, that automatically photographs passing vehicles and records their license plates along with other vehicle details such as make, model, color, and distinguishing features like bumper stickers or dents.
These cameras are connected to the internet and use motion sensors and artificial intelligence to process images, convert license plates into text, and store the data in a searchable database. The system can generate alerts when a vehicle matches entries on hotlists, such as stolen cars or vehicles involved in criminal investigations.
Next please listen to her comments on this dangerous spread of Islamic Revolution. The near and long term threat to our freedom in western civilization Their law comes from the ideological clerics not from the PEOPLE.
WARNING! US AND ISRAEL FORCES SURROUND IRAN!
This could be a February War Rerun Already Underway. Is the US-Israel-Iran war about to go full scale again? US bases across the Middle East are being evacuated in an emergency move that looks exactly like February 27th, the night before the first full-scale US-Israel attack on Iran.
‘MARRIED TO TWO GUYS’: SOMALI WEBSITE DROPS MASSIVE ILHAN OMAR BOMBSHELL
I believe we call this polygamy and is outlawed in the United States.
MARRIAGE FRAUD RING EXPOSED IN MA
Sham marriages and UNLAWFUL immigration benefits shut down by DOJ.
Fake Narratives: IT WAS ACTUALLY WORSE THAN WE THOUGHT
The FBI, under the direction of the Whitehouse, conjured up narrative after narrative to sink Donald Trump. Many democrat Americans still believe that Trump committed 32 felonies and should be prosecuted. So why has he not been prosecuted then? Could it be these were all illegal political warfare schemes and just another one of those narratives to get him? We need to stop just reading the headlines and sink into determining the TRUTH. There are those who know the real TRUTH. Will you take the time to listen to them?
John Solomon tells Miranda what newly uncovered government files reveal about Crossfire Hurricane, Round River, Arctic Frost and the investigations surrounding Donald Trump, Joe Biden and Mike Flynn. Solomon argues the documents expose a troubling decade-long pattern of corruption inside the federal government.
And…if you recall I told you about the prophet Barry Wunsch about his prophetic words from God about this secret Obama era meeting in the Whitehouse to conspire against Trump and find ways to get rid of him.
WE CAN SEE WHY THE SAVE AMERICA ACT WAS SO IMPORTANT TO GET PASSED AND IMPLEMENTED
Obvious voter rolls were not updated and kept current. This is important pay attention. Using the pandemic excuse is over. We need to go back to prior to 2020 mail-in voting procedures. What went wrong? Is called VOTER FRAUD.
WHAT CAN BE EXPOSED WILL BE EXPOSED.
Nancy Pelosi Over 17 Stock Trades: Is it time to clean out these dirty politicians. What have they really done for their districts while they get VERY RICH!
We have been waiting 37 years for answers and justice for this corruption of Nancy Pelosi.
WE ARE NOT ALONE!
Please watch till the end. Do you see it now?
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TRAPS : TRAPS : AND MORE TRAPS
Now let’s look at some of the traps that Julie Green was talking about in her prophetic words for this period of time. She titled her recent October 10, 2026 prophecy called “YOUR ENEMIES ARE WALKING INTO TRAPS EVERY DAY“
WHAT CAN BE EXPOSED, WILL BE EXPOSED… SAYS GOD THROUGH HIS PROPHETS.
Trap: This time for Maxine Waters
We think Iraq is bad? We have worse in our own U.S. It is time to clean these people out of our government and serve justice, if applicable. This has been going on way too long already. Claiming my time, Claiming my time, Claiming my time, Claiming my time, Claiming my time!
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Another Trap, this time for Shifty-Schiff
SHIFTY-SCHIFF HAD NO ANSWER
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Another Trap, this time for Ihan Omar (or should I say Ilhan Nur Said Elmi):
TED CRUZ VS ILHAN OMAR: SIX FOLDERS TURN A HEATED HEARING INTO A RECORDS SHOWDOWN
REMOVING ZEROS FROM THE IRAQI DINAR: A GOVERNMENT MOVE REOPENS THE ISSUE.
The issue of removing zeros from the Iraqi currency has returned to the forefront of economic discussions, following statements by a member of the Parliamentary Finance Committee, Riyadh Al-Tamimi, in which he revealed a government trend to remove zeros from the Iraqi dinar or change the currency, in a move that reopens one of the most prominent monetary issues that has remained on the table for years without moving to the stage of comprehensive implementation.
Al-Tamimi said, in a statement carried by local media, that “there is a government trend to remove zeros from the currency or change it,” without revealing a specific timetable or details of the procedures that the concerned authorities may take to implement this trend.
These statements come at a time when the Iraqi economy is facing challenges related to the stability of the dinar exchange rate, the regulation of cash transactions, and the development of the banking system, which raises questions about the nature of the project, its objectives, and the extent of its connection to the financial and monetary reforms that the authorities are seeking to implement.
The project to remove zeros from the currency is a monetary measure aimed at redefining the nominal value of monetary units and simplifying arithmetic and accounting operations, without necessarily meaning an increase in the purchasing power of the dinar or an improvement in its actual value against foreign currencies
.For example, if it is decided to remove three zeros, the sum of one million dinars may become a new thousand dinars, with prices, salaries, deposits and financial obligations being recalculated in the same proportion, so that their real economic value does not change as a result of the conversion alone.
Removing zeros is different from changing the exchange rate; the former relates to renaming monetary units, while the latter is related to the value of the dinar against foreign currencies, which is a fundamental difference in understanding the potential effects of any future decision.
Experts in monetary affairs believe that the success of such a step requires extensive legislative, technical and banking preparations, including updating payment systems, ATMs and accounting software, in addition to organizing the process of replacing banknotes and raising citizens’ awareness of the transfer mechanisms.
The project also requires the establishment of clear controls to protect the rights of depositors, salary earners and retirees, and to prevent the exploitation of the transition period to raise prices or make inaccurate transfers of monetary values.
In the latest official statement, the Director of Media at the Central Bank of Iraq, Haider Ghazi, confirmed on October 19, 2026, that removing zeros requires legal legislation, due to its connection with debts, obligations, and fines stipulated in the applicable laws, explaining that the process, if approved, would be primarily of an accounting nature.
The governor of the Central Bank of Iraq had explained last September that changing the currency falls within the bank’s powers, while removing zeros requires legislation from the House of Representatives, which highlights the difference between the two legal paths between issuing new banknotes and redefining the nominal value of the dinar.
The Central Bank had previously denied, in an official statement dated August 26, 2026, the news regarding the printing of a new Iraqi currency with zeros removed, stressing that any future decision in this regard would be subject to legal, regulatory and technical stages, with a transitional period specified to ensure the protection of the financial rights and obligations of citizens and institutions.
These positions indicate that the debate regarding the future of the Iraqi currency remains open between the option of updating the banknotes in circulation and the option of removing zeros, while no final official decision has been issued that specifies the implementation mechanism or the date for starting the currency replacement.
Thus, MP Riyad Al-Tamimi’s statements gain new importance in bringing the issue back to the parliamentary level, but they do not in themselves mean the approval of the project or the start of its implementation, as the transition from orientations and discussions to actual implementation remains linked to the completion of legislative procedures and the official announcement of details by the competent authorities.
The most prominent question facing Iraqi citizens and markets remains: Will the authorities move towards issuing a new edition of the dinar in its current denominations, or towards restructuring the currency by removing zeros? This is a question whose final answer is still contingent on upcoming official decisions.
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CURRENCY REFORM BEFORE REMOVING ZEROS: AN ECONOMIST TELLS IRAQ OBSERVER THAT THE ROADMAP IS TO STRENGTHEN THE VALUE OF THE IRAQI DINAR.
As discussions resurface regarding the future of the Iraqi currency and the possibility of removing zeros or replacing the dinar, the importance of prioritizing economic and monetary policies as a foundation for any future reform measures is paramount. There are strong assertions that strengthening the currency’s value and restoring confidence in it necessitates comprehensive financial and economic reforms that precede any decisions concerning the currency’s form or the number of zeros.
Economic researcher Dr. Safwan Qusay emphasized that determining the fair value of the Iraqi dinar and reconsidering the number of zeros in the currency fall under the purview of the Central Bank of Iraq’s monetary policy. He pointed out that proceeding with removing zeros or replacing the currency requires laying the appropriate economic groundwork and should not be done in isolation from the necessary reforms.
Qusay told Iraq Observer, “Monetary policy is responsible for determining the dinar’s value, while the government of Prime Minister Ali Faleh al-Zaidi is expected to implement a financial and economic reform program that contributes to diversifying income sources and strengthening the national economy. Achieving economic diversification is a fundamental prerequisite before proceeding with any move related to changing the currency or removing zeros.”
He added that “addressing the currency issue is not limited to changing its form or nominal value, but also requires taking measures to curb counterfeiting and help recover the cash holdings outside the banking system or abroad.” He pointed to the possibility of expanding the use of electronic cards in financial transactions as part of the transition to electronic payments and strengthening oversight of money flows.
He stressed that “the success of any monetary measure is linked to the progress of financial and economic reforms and the ability of the relevant institutions to provide the requirements for stability.” He explained that changing the exchange rate, removing zeros, or replacing the currency should come at a later stage, after completing the necessary foundations for reform.
This approach places comprehensive economic reform at the forefront of priorities, as it is the most important entry point for building confidence in the Iraqi dinar and strengthening monetary stability, while decisions regarding the future of the currency remain the prerogative of the Central Bank, based on economic indicators and the requirements of the next phase.
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GOVERNMENT ADVISOR: IRAQ NEEDS TO TRANSITION FROM A RENTIER ECONOMY TO PRODUCTIVE CAPITALISM
Economic advisor Mazhar Muhammad Saleh affirmed on Saturday that the government’s move towards drawing up a new capitalist economic identity for Iraq represents a positive and important step, pointing to the country’s need to move from a rentier economy to a productive economy based on diversifying sources of income and encouraging investment.
Saleh said, “Regarding Prime Minister Ali Faleh al-Zaidi’s statement about the government working on drawing up a new capitalist economic identity for Iraq, this step is positive and important, especially since Iraq needs to move from a rentier economy to a productive capitalism based on diversifying the economy, encouraging investment, and enabling the private sector to create job opportunities and increase production and exports, which will enhance the national economy’s ability to achieve sustainable development.”
He added that “the social market economy represents a framework for achieving a balance between market freedom and the role of the state in regulating competition, providing basic services, and ensuring social justice,” explaining that “what is required is not the withdrawal of the state from economic activity or its continued management of most economic activities, but rather the building of an efficient institutional state, a productive private sector, and a social system that protects the rights of citizens.”
Saleh pointed out that “the real challenge facing Iraq is to transform oil wealth from a source of spending and rent into a lever for sustainable development,” stressing that “the success of the economy should be measured by its ability to increase production, provide job opportunities and improve the standard of living of citizens, and not by the size of oil revenues alone.”
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AL-FATLAWI SPEAKS ABOUT STEPS TO RAISE THE VALUE OF THE IRAQI DINAR.
MP Shaima al-Fatlawi stressed on Sunday the necessity of adopting an economic and monetary policy aimed at protecting the Iraqi dinar and restoring its purchasing power, noting that the decline in the value of the local currency over the past years has negatively impacted the living conditions of citizens.
Speaking to Al-Maalouma, al-Fatlawi said, “The government should have worked to preserve and strengthen the value of the Iraqi dinar, as other countries have done to maintain the stability of their currencies, instead of resorting to measures that lead to its periodic devaluation.”
She added, “Monetary policy should focus on restoring the dinar’s purchasing power and achieving a more stable value,” pointing out that “the experience of some countries in maintaining currency value serves as an example of the differences in monetary policies between countries, while taking into account the specific characteristics and capabilities of the Iraqi economy.”
Al-Fatlawi explained that “the state’s responsibility lies in protecting the local currency and limiting its devaluation,” emphasizing that any “economic measures must consider their impact on citizens, markets, and living standards.”
She pointed to “the importance of reducing reliance on the dollar and strengthening the role of the dinar in domestic transactions, along with adopting policies that support exchange rate stability and bolster confidence in the national currency,” explaining that “achieving this requires integrated economic and monetary measures that enhance local production and support financial stability.”
She stressed that “restoring the dinar’s strength is not achieved simply by demanding an increase in its value, but rather requires a well-considered monetary policy and a productive economy that reduces dependence on imports, thereby contributing to protecting citizens’ purchasing power and strengthening the country’s economic independence.”
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AN EXPERT REVEALS THE REASON BEHIND THE PARALYSIS OF WHOLESALE MARKETS AND SPECULATORS’ MANIPULATION OF THE DOLLAR.
Economic and banking expert Diaa Mohsen attributed the paralysis and stagnation plaguing wholesale markets and the reluctance of merchants to sell their goods to the “vague” and unclear policies pursued by the Central Bank of Iraq. He emphasized that these measures have left the parallel market in a state of constant fluctuation.
Mohsen told the Information Agency, “The refusal of wholesalers to sell their goods has caused a shortage of basic commodities in the markets, which has automatically led to a new surge in the prices of goods and commodities, with the ordinary citizen being the sole victim of this chaos.”
He added, “The Central Bank injects hundreds of millions of dollars daily, but most of it goes as foreign transfers, while what is injected into the local and cash market does not exceed $3 million.” He pointed out that “this cash shortage has opened the door wide for speculators in the parallel market to manipulate exchange rates and impose their sales outside the official rate.”
Mohsen explained that “this ineffective mechanism has eroded the confidence of both merchants and citizens in the central bank’s monetary policy, leaving markets hostage to rumors and daily speculation.
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AL-ZAIDI’S STATEMENT REGARDING THE DOLLAR IS CONFUSING THE MARKET AND DOES NOT ALIGN WITH THE CENTRAL BANK’S POLICY.
Economic expert Ziad al-Hashemi criticized Prime Minister Ali al-Zaidi’s statements on Saturday, October 24, 2026, regarding the government’s intention to inject cash dollar shipments into the markets to lower the exchange rate. Al-Hashemi asserted that this proposal contradicts the Central Bank’s policy and sends the wrong message to the public. He stated that al-Zaidi’s talk of increasing cash shipments from the Federal Reserve to $500 million per month and working to raise this to $1 billion for injection into the markets presents a problem that will confuse the market, because the Central Bank does not offer dollars for free sale but rather allocates them for specific purposes such as travel and medical treatment.
Al-Hashemi stressed that reducing the parallel exchange rate sustainably requires addressing the causes of demand outside the banking system and facilitating financing for official trade, not just injecting cash shipments.
Earlier, Prime Minister Ali al-Zubaidi reassured citizens that the dollar exchange rate would soon drop to 155,000 dinars, indicating that Washington would send $1 billion in cash to Iraq, and that there were government efforts to double this amount to inject it into the market and revitalize it.
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AL-MADA REVEALS DANGEROUS BEHIND-THE-SCENES DETAILS: AL-ZAIDI’S GOVERNMENT FACES A TEST OF WEAPONS AND THE DOLLAR, AND FEARS OF POPULAR PROTESTS.
The Independent Press Agency reported that a report published by the Iraqi newspaper Al-Mada, which was followed by the Independent Press Agency, revealed escalating political, security and economic challenges facing the government of Prime Minister Ali Faleh al-Zaidi, in light of the continued disputes over restricting weapons to the state, escalating financial pressures and fears of popular protests breaking out in the coming period.
The newspaper quoted sources close to the government palace as saying that al-Zaydi does not have an alternative plan to implementing the disarmament of the factions, and that the government is proceeding with its commitment to the new date set for June 30, 2027, after postponing the previous date that was scheduled for the end of last September.
According to the report, the coordination framework gave the government political cover to proceed with the weapons control measures, during a meeting held in the office of former Prime Minister Mohammed Shia al-Sudani, amid continued refusal by some factions to hand over their weapons, and fears that the current disputes could turn into a security and political confrontation.
The report indicated that US envoy Tom Barrack is monitoring the results of the pledges made by Baghdad regarding arms control, while analysts believe that his recent visit to Iraq came to test the government’s ability to translate its commitments into actual measures.
In a notable development, Al-Mada quoted Ahmed Al-Yassiri, head of the Arab Australian Center for Strategic Studies, as saying that the coordination framework may not lead to a direct confrontation with the factions, but it may lift the political cover from them, thus changing the nature of dealing with them internally and externally.
Al-Yassiri warned that Iraq is heading towards a difficult economic phase, which may be accompanied by popular protests as a result of living pressures, unemployment and declining purchasing power, considering that the government is facing a test that may threaten its continuation.
The report also addressed government measures related to media discourse and incitement to obstruct decisions to restrict weapons, coinciding with political moves to legislate a law to combat information technology crimes, amid fears of its potential repercussions on freedom of expression.
On the economic front, the newspaper highlighted the repercussions of adjusting the dollar exchange rate and the trend towards borrowing, and quoted Al-Yassiri criticizing the government’s financial policies, warning that any borrowing program from the International Monetary Fund may be accompanied by economic conditions that affect government support, employment and public spending, without this meaning that these measures have already been decided.
Al-Yassiri believes that expanding the distribution of ministerial positions among political forces, in contrast to the escalating economic burdens on citizens, may put the government in front of an increasing crisis of popular confidence.
The report noted that the inclusion of forces close to armed factions within the expanded government structure further complicates the situation and raises questions about the Prime Minister’s ability to implement decisions to restrict weapons in light of the existing political balances.
The analysis presented by Al-Mada concluded that Al-Zaidi’s government faces a double test: implementing security pledges on one hand, and containing economic and social pressures on the other, amid warnings that the continuation of crises may threaten the government’s stability and put its political future in open-ended possibilities.
The scenarios regarding the overthrow of the government or the outbreak of widespread protests remain political assessments included in the report, and are not confirmed developments.
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SINJAR RESISTANCE UNITS ANNOUNCE THEIR INTEGRATION INTO THE IRAQI SECURITY SYSTEM
(Mnt Goat: Some positive news about the militias, but these are not the terrorist Iranian ones that are resisting the most.)
On Monday, the leadership of the Sinjar Resistance Units announced the end of its “independent” military affiliation and its integration into the security system, as part of the process of restricting weapons to the state.
The command said in a statement received by Shafaq News Agency, “We announce reaching an agreement with the Iraqi federal government regarding ending the independent military affiliation of our forces, the Sinjar Resistance Units and the Sinjar Women’s Units, which numbered 4,165 male and female fighters, and integrating them into the federal security system and restricting weapons to the state, in accordance with the legal and institutional frameworks and agreed understandings, thus establishing a new phase of national partnership and shared responsibility.”
She added, “This agreement comes in the context of the history of Sinjar and what our Yazidi people witnessed in terms of genocide in August 2014 at the hands of ISIS mercenaries, when they faced killing, captivity, displacement and the danger of annihilation. At a time when about a third of the area of Iraq, including Nineveh Governorate, fell under the control of the terrorist organization, Mount Sinjar remained steadfast through its sons of the Yazidi resistance. At that fateful moment, the Sinjar Resistance Units and the Sinjar Women’s Units were born.”
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AL-ATROUSHI: POSSIBLE US SANCTIONS AND DESIGNATION OF IRAQ AS A STATE SPONSOR OF TERRORISM DUE TO WEAPONS.
Deputy Speaker of Parliament, Farhad Al-Atroushi, stated that the US Chargé d’Affaires informed him of the possibility of imposing economic sanctions on Iraq and classifying it as a state sponsor of terrorism, in the event that it does not comply with the deadline for restricting weapons to the state, noting that the United States has given Baghdad an additional deadline until June 30, 2027 .
Al-Atroushi said in a televised interview followed by Al-Sa’a Network that “the US Chargé d’Affaires in Iraq showed flexibility regarding changing the date from September 30 to June 30, 2027,” considering that “this gives the Iraqi government an additional opportunity to implement this file .”
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A HEATED EXCHANGE ERUPTED IN PARLIAMENT OVER THE MOBILIZATION LAW; A PARLIAMENTARY SOURCE REVEALS THE DETAILS.
A parliamentary source revealed on Monday that a verbal altercation occurred between MP Ahmed Shaheed and Speaker of Parliament Haibat al-Halbousi during Sunday’s parliamentary session regarding the delay in sending the Popular Mobilization Forces (PMF) law.
The source told the Information Agency that “the dispute arose when MP Ahmed Shaheed attempted to speak about the delay in sending the PMF draft law, but he was not given the opportunity to intervene, which led to a verbal altercation with the Speaker.”
The source added that “the altercation occurred amidst the general atmosphere of the session and ended with its adjournment, without any further details being available regarding what transpired between the two parties or when the parliamentary sessions will resume.”
MP Rafiq al-Salihi called on the government to expedite the sending of the PMF draft law to Parliament, stressing that enacting this law is a national and moral obligation that cannot be postponed, in appreciation of the immense sacrifices made by the heroes of the PMF in defending Iraq’s unity and sovereignty.
(Mnt Goat: Just so you know MP Rafiq al-Salihi is pro-Iranian and wants to give the treasures of Iraq away to these PMF forces that came into Iraq to help fight ISIS and now refuse to leave. These Iranian politicians need these forces as their ‘strong arm’ to control Iraq so it goes their way as a pro-Iranian proxy.)
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IRAQ’S FOREIGN RESERVES RISE TO $81.5 BILLION IN AUGUST
Data from the Central Bank of Iraq on Wednesday showed that foreign reserves rose to $81.538 billion, equivalent to 105.999 trillion dinars, at the end of August 2026, compared to $80.633 billion, or 104.823 trillion dinars, at the end of July.
According to data seen by Shafaq News Agency, foreign reserves increased during August by about $905 million, equivalent to 1.176 trillion dinars.
However, reserves remained below their level at the end of 2025, when they reached $97.432 billion, equivalent to 126.661 trillion dinars, and thus recorded a decline during the first eight months of this year of about $15.894 billion, or equivalent to 20.662 trillion dinars.
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THE CENTRAL BANK ISSUES A DECISION PROHIBITING THE INTERNATIONAL DEVELOPMENT BANK FROM DEALING IN DOLLARS.
The Central Bank of Iraq issued a decision today, Thursday (October 22, 2026), prohibiting the International Development Bank in Iraq from dealing in US dollars.
According to a letter issued by the Central Bank and received by “Baghdad Today”, the Central Bank decided to prohibit the bank from trading in US dollars “in any way,” within an official circular addressed to non-bank financial institutions.
It is noted that the International Development Bank in Iraq was included in a US decision issued last week imposing economic sanctions on it and preventing it from trading in dollars.
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SUDANI DISCUSSES EXPANDING COOPERATION IN OIL, GAS AND ENERGY WITH KBR
The head of the Reconstruction and Development Coalition, Mohammed Shia Al-Sudani, discussed with the head of KBR Sustainable Technology Solutions, Jay Ibrahim, ways to expand cooperation in the oil, gas and energy sectors, and to benefit from the company’s technical and advisory expertise in developing infrastructure and strategic projects.
The meeting addressed prospects for joint cooperation to develop the oil sector, enhance the efficiency of energy-related projects, invest in associated gas from oil operations, develop fields and increase their production capacity, and modernize existing facilities and raise their operational efficiency.
The two sides also discussed the possibility of employing the advanced technologies and engineering and consulting expertise that KBR possesses to support the oil sector development plans, and to contribute to the implementation of strategic projects in accordance with the standards of quality, efficiency and economic feasibility.
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HIS ECONOMIC ADVISOR: AL-ZAYDI HAS PUT FORWARD A NEW VISION TO END THE ERA OF RENTIER ECONOMICS.
Muzhir Muhammad Salih, the economic advisor to the Prime Minister, affirmed on Saturday that the government’s move towards drawing a new capitalist economic identity for Iraq represents a positive and important step, pointing to the country’s need to move from a rentier economy to a productive economy based on diversifying sources of income and encouraging investment.
Saleh said, “Regarding Prime Minister Ali Faleh al-Zaidi’s statement about the government working on drawing up a new capitalist economic identity for Iraq, this step is positive and important, especially since Iraq needs to move from a rentier economy to a productive capitalism based on diversifying the economy, encouraging investment, and enabling the private sector to create job opportunities and increase production and exports, which will enhance the national economy’s ability to achieve sustainable development,” according to the official agency.
He added that “the social market economy represents a framework for achieving a balance between market freedom and the role of the state in regulating competition, providing basic services, and ensuring social justice,” explaining that “what is required is not the withdrawal of the state from economic activity or its continued management of most economic activities, but rather the building of an efficient institutional state, a productive private sector, and a social system that protects the rights of citizens.”
Saleh pointed out that “the real challenge facing Iraq is to transform oil wealth from a source of spending and rent into a lever for sustainable development,” stressing that “the success of the economy should be measured by its ability to increase production, provide job opportunities and improve the standard of living of citizens, and not by the size of oil revenues alone.”
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IRAQ WILL SOON BE FREE OF ARMED FACTIONS, WEAPONS UNDER STATE CONTROL: IRAQI PM
Iraqi Prime Minister Ali al-Zaidi said Friday that Iraq would soon be free of armed groups, with weapons exclusively in the hands of state security forces, as he defended his government’s fiscal measures and anti-corruption campaign.
In an interview with the state-run Iraqi Media Network (IMN), Zaidi said that “By June 30, 2027, no weapons will remain outside the framework of the state,” adding that “Iraq will soon, God willing, be a state free of factions, like other countries in the world, and weapons will be exclusively in the hands of the Iraqi security forces.”
His remarks come amid continuing disagreements between the Iraqi government and powerful pro-Iran armed factions over Baghdad’s efforts to bring all weapons outside state control under government authority.
The government initially sought to resolve the issue by September 30, coinciding with the end of the US-led coalition’s military mission in Iraq, but later extended the deadline to June 30, 2027. Several Iran-backed factions have disputed the timetable, saying that no final agreement has been reached.
Under a 2024 agreement between Washington and Baghdad, the US military formally ended its Operation Inherent Resolve mission in Iraq on September 30, concluding a 12-year campaign against the Islamic State (ISIS) from within the country and shifting bilateral security cooperation to a new framework.
“The absence of foreign forces means the absence of the justification that was presented for carrying weapons outside the framework of the state,” Zaidi said, emphasizing that “there is currently no American soldier in Iraq, neither within combat forces nor in the capacity of military advisors.”
Zaidi revealed that understandings have been reached with five factions to lay down their arms, saying that work has been completed with three of them. “Work is underway to complete procedures with two other factions in the coming period,” he said.
His remarks also come as armed factions remain divided over bringing weapons under state control. While Kataib Sayyid al-Shuhada offered conditional support for arms control frameworks, Harakat al-Nujaba and Kataib Hezbollah continue to reject compliance with the government’s timetable.
The group previously launched hundreds of drone and missile strikes under the Islamic Resistance in Iraq umbrella against American targets and diplomatic facilities.
Fiscal policy and disruptions to oil exports
Turning to economic policy, Zaidi defended his cabinet’s recent adjustments to the national currency’s value against the US dollar to safeguard public finances.
“The choices before the government were all difficult, but we had to take the necessary measures to protect the financial situation,” the prime minister stated, noting that “the mistake was not in the government’s decision to raise the dollar exchange rate, but in the previously taken decision to lower the exchange rate.”
The new exchange rate comes amid mounting fiscal pressures, with Iraq recording a budget gap of more than 29 trillion dinars ($22.4 billion) in the first seven months of 2026, according to Finance Ministry figures published earlier this month.
In early October, Iraq’s Council of Ministers approved a de facto devaluation of the Iraqi dinar, raising the official exchange rate from 1,320 dinars per US dollar to 1,520 dinars per US dollar for final beneficiaries.
Alongside currency adjustments, Zaidi outlined long-term targets to diversify state income beyond the energy sector, stating that his government “aims to raise the contribution of non-oil revenues to 30 percent of total revenues over the remaining years of its ter
Since the US-Israeli war against Iran began on February 28, Iraq has been working to restore oil revenues severely affected by disruptions to shipping through the Strait of Hormuz, the country’s principal oil export route.
Commenting on Tehran’s actions in the maritime corridor, Zaidi stated that “the Iranian goal in closing the strait does not relate to Iraq specifically, but rather is to exert pressure by raising energy prices in global markets.”
Oil revenues account for at least 88 percent of Iraq’s total state income, while around 90 percent of its pre-war crude exports – approximately 3.5 million barrels per day – passed through the Strait of Hormuz via the country’s southern ports.
Addressing the impact of the Strait of Hormuz closure on Iraq’s crude exports, Zaidi stressed the need to overhaul the country’s export infrastructure to prevent similar disruptions in the future.
“The current crisis provided an important lesson for Iraq, and it must be utilized to build an integrated system for transporting and exporting oil, so the repercussions the country faced are not repeated,” he said.
Baghdad has sought to mitigate the disruption by diversifying export routes, including resuming shipments of Kirkuk crude through the Kurdistan Region to Turkey’s Ceyhan port and transporting smaller volumes by tanker trucks through Syria.
“The government has laid out a plan to gradually raise Iraqi oil production capacity… targeting a production of 10 million barrels per day by 2032,” Zaidi stated.
Zaidi said closing the Iraqi-Iranian border would harm both countries, warning that such a move amid the current crisis would amount to Iraq imposing an economic blockade on itself rather than on Iran. “Closing the Iraqi-Iranian borders is not in the interest of Iraq nor in the interest of Iran,” he said.
Anti-corruption efforts
Zaidi addressed the personal and political toll of his administration’s ongoing anti-graft drive, stating the continuation of Operation Dawn “will cost me the loss of many friends and loved ones.”
“An official is faced with two choices: either preserve their relationships and friends and overlook the people’s money, or draw clear lines for everyone when it comes to public funds,” he stated.
“The government adopted the principle of ‘prevention is better than cure’ and worked through the Federal Board of Supreme Audit and the Federal Commission of Integrity to weaken opportunities for corruption and prevent it from occurring in the first place,” Zaidi said.
Zaidi’s statements come months after Operation Dawn, a large-scale nationwide anti-corruption campaign launched in late June by the prime minister in coordination with the Federal Commission of Integrity (FCoI).
In late August, government spokesperson Haider al-Aboudi detailed the financial results of the crackdown in comments to state media.
“The value of the funds, assets, or real estate recovered within the framework of the anti-corruption campaign is estimated at over 1.359 trillion dinars (over one billion dollars),” Aboudi told state media at the time.
Iraq ranked 136th out of 182 countries and territories in Transparency International’s 2025 Corruption Perceptions Index, scoring 28 out of 100.
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AL-ZAYDI: AMERICAN CONCERNS ABOUT DOLLARS REACHING THE FACTIONS HAVE AFFECTED CASH SUPPLIES.
Iraqi Prime Minister Ali al-Zaidi said on Friday evening that American concerns about dollars reaching the factions have affected the volume of cash supplies, while noting that the Iraqi government aims to obtain payments of up to $2.5 billion to address the exchange rate gap.
Al-Zaydi added in an interview with Al-Iraqiya channel, which was monitored by Shafaq News Agency, that “the Iraqi government has increased the supply of cash dollars from 140 million to half a billion dollars per month, and is working to increase shipments of American cash dollars to more than one billion dollars per month.”
He stressed that “the government is working to bring the dollar exchange rate back to 155,000 dinars or less,” noting that “previous reductions in the dollar exchange rate did not benefit the citizen, and the differences went to speculators.”
The Prime Minister explained that “the high exchange rate supports the industrial and agricultural sectors and enhances the competitiveness of Iraqi products,” noting that “some neighboring countries are flooding the Iraqi market with their surplus production, which weakens the ability of local products to compete.”
In the oil file, he said that “there was one million barrels being sold to the Ministry of Oil at a price of 5,000 dinars per barrel, and this matter contributed to creating loopholes for corruption. The price of locally supplied oil was re-evaluated, which provides the treasury with about 20 trillion dinars annually.”
He added that “80 trillion dinars in revenues are expected within four years of changing the pricing of local oil,” noting that “the government has imprisoned those involved in corruption in the Ministry of Oil contracts and subjected the contracts to auditing.”
He explained that “oil exports fluctuate between halting and exporting due to regional conditions, and we are working on a pipeline network to export oil so that Iraq does not remain hostage to the Strait of Hormuz. We also seek to reactivate the Ceyhan route and diversify oil export outlets.”
The Prime Minister stressed that “the Hormuz crisis deprived Iraq of benefiting from the rise in oil prices.”
Regarding fees and taxes, Al-Zaydi pointed out that “the government waived revenues from fees and taxes to bring in basic goods at lower prices,” explaining that “the exemption decisions included fruits and vegetables, most food items, medicines, and solar energy equipment and systems.”
The Prime Minister concluded that “the government is thinking about the citizen’s interest and is seeking to alleviate the economic pressure on him.”
Regarding the relationship with Washington, Al-Zaydi confirmed that “American companies have begun working with Iraq and have started implementing projects within the areas of joint cooperation,” noting that “the United States was chosen as a strategic partner based on its technological and economic capabilities.”
He added that “the partnership with Washington and the development of the energy sector will make Iraq’s influence in the region and the world different from previous years,” stressing that “increasing oil production will enhance Iraq’s position as one of the influential countries in the global energy market.”
Al-Zaydi stressed the continuation of visits to other countries to strengthen political, economic and investment relations, explaining that “developing Iraq’s foreign relations is an essential part of the state-building project.”
On the other hand, Al-Zaydi said that “the four deputy prime ministers do not receive salaries and we have not appointed new employees for them,” adding: “I asked my deputies to be field-oriented and to visit the governorates, ministries and departments to find out the needs of the people.”
He revealed that “the government terminated the work of 72 advisors and created four positions for deputy prime ministers without additional costs,” noting that “the three new ministries did not add any job burdens to the budget.”
Regarding the challenges facing the government, Al-Zaydi revealed that he had been exposed to “threats and dangers during the past five months,” stressing, “I will not back down, we will not abandon our responsibilities, and we will continue to perform our duties until the last moment of the government’s term.”
Al-Zaydi also revealed that he had refused to take over the position twice before, adding: “I am confident that whoever comes after me will complete the project of building the state and the nation.”
He believes that “building national identity is the responsibility of the government, political forces, and community institutions,” stressing that “the government is working on a project to build a strong and stable Iraqi state.”
He added that “the government faces a great national responsibility concerning the fate of about 50 million people,” noting that “demonstrating is a constitutional right and we will listen to all the demands of the protesters.”
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THE GENERAL SYNDICATE OF MONEY CHANGERS REVEALS A PROPOSAL TO FINANCE SMALL TRADERS AND SUPPORT THE STABILITY OF THE EXCHANGE RATE.
The General Syndicate of Exchange and Brokerage revealed on Saturday a proposal to launch a platform dedicated to financing small traders to support exchange rate stability. This announcement came on the sidelines of a meeting that discussed supporting the Central Bank of Iraq’s efforts to stabilize the exchange rate and developing the operations of exchange companies.
The head of the General Syndicate of Exchange and Brokerage, Diaa al-Tai, stated that “the meeting discussed ways to develop the work of exchange companies and add new activities that contribute to increased liquidity, as well as supporting the Central Bank of Iraq’s efforts to achieve exchange rate stability, with the participation of economic and financial experts and representatives from exchange companies.”
He added that “one of the reasons leading to the high and unstable exchange rate is the transactions of small traders through the parallel market,” noting that “the volume of these transactions is estimated at about $36 billion annually.”
Al-Tai explained that “exchange companies have proposed launching a financing process through a dedicated platform, within the framework of supporting the Central Bank of Iraq’s efforts to stabilize the exchange rate,” indicating that “the proposal is awaiting approval from the Central Bank and the government to proceed with its implementation.”
He indicated that “approving the proposal would, according to the union’s estimates, contribute to lowering the dollar exchange rate to below 1,600 dinars,” emphasizing that “exchange companies are part of the solution, not part of the problem.”
He added that “the union intends to submit a copy of the final draft of the proposal to the Prime Minister’s office and the Central Bank of Iraq for their consideration and appropriate action.”
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DAGHER EXPLAINS AL-ZAYDI’S PHILOSOPHY IN CURBING THE “PARALLEL MARKET”… CASH PLANES WILL DISPEL PEOPLE’S FEARS
The Central Bank of Iraq entered the debate on Saturday (October 24, 2026) regarding the feasibility of injecting cash dollar shipments to calm the markets, supporting the vision put forward by Prime Minister Ali Faleh al-Zubaidi, and explaining that the introduction of “cash planes” comes to break the state of fear and speculation in the parallel market to reach the exchange rate level of 152 thousand dinars per 100 dollars.
In response to criticism from economist Ziad al-Hashemi —who argued that the government’s talk of injecting cash liquidity confuses the market and contradicts monetary policies—the advisor to the governor of the Central Bank, Mahmoud Dagher, affirmed that the Prime Minister’s plan is based on a precise understanding of the “sensitivity of the Iraqi street” and its psychological impact on the money supply.
Mahmoud explained, in an interview with the official channel followed by the 964 network , that the demand for cash dollars constitutes only 10% of the actual imports, which are mainly based on bank transfers. However, the arrival of air cash shipments—two of which carried half a billion dollars each, and a third is preparing to land soon—will be enough to calm the future expectations of companies and individuals, and curb greed in the parallel market.
Mahmoud said, “Iraq finances its imports mainly through bank transfers and credits that are transferred directly to exporters away from the cash market, while the percentage of cash transactions does not exceed 10%, and is allocated to meet the needs of travelers, scholarship recipients, students and some other purposes.”
He added that “the Prime Minister’s reference to increasing cash dollar shipments came from experience and knowledge of the nature of the Iraqi market, which is characterized by its high sensitivity to the supply of cash dollars,” indicating that “increasing the quantities of cash dollars in the market pushes towards strengthening the value of the Iraqi currency and bringing it closer to its real value at a level of 152,000 dinars per 100 dollars.”
He explained that “this sensitivity is related to the nature of trade dealings with some countries, as well as the importance of providing cash dollars to reassure market participants and holders of foreign currency,” expressing his hope that “the arrival of the new shipments will contribute to achieving stability in the market.”
Mahmoud pointed out that “increasing the supply of cash dollars through the various means adopted by the Central Bank enhances the state of reassurance in the market, as prices are not determined based solely on actual supply, but are mainly affected by future expectations.”
He added that “the expectation of companies and individuals to continue the flow of cash dollars in larger quantities leads to a decrease in informal demand for dollars outside of banks licensed by the Central Bank, which is reflected positively on the stability of the exchange rate.”
Regarding the size of the cash shipments, Mahmoud explained that “the value of a single shipment arriving by air to Iraq is close to half a billion dollars, and two shipments have arrived, while previous cash dollar transfers faced difficulties due to the security instability and military operations that the region witnessed.”
He pointed out that “the actions of the Prime Minister and the Central Bank of Iraq contributed to convincing the US Federal Reserve of the importance of ensuring the smooth flow of cash dollar shipments to Iraq, which contributes to reassuring the local market.”
He confirmed that “there is a shipment close to being expected to arrive in Iraq, in addition to the possibility of other shipments with a total value that may reach one billion dollars, equivalent to the cargo of two planes, to meet market demand,” noting that “the continuation of this process is also linked to calming the security and military situation in the region.”
Regarding agreements for the supply of cash dollars, Mahmoud explained that “the Central Bank of Iraq agrees at the beginning of each year with the US Federal Reserve on the size of its annual needs for cash dollars, which may amount, for example, to 10 to 12 billion dollars, to arrive via one or two shipments at intervals, with the provision of the necessary security conditions for their transport.”
He added that “the Central Bank is simultaneously seeking to expand the use of bank cards in financial transactions, as Iraqis have begun to rely on them more for shopping, paying fees and meeting their various needs in dollars, but the level of awareness of using cards is still below the required level, which pushes some citizens to prefer cash transactions.”
Mahmoud noted in his speech that “increasing cash dollar shipments at the current stage is an appropriate step to enhance market stability, and that the continued flow of these shipments will contribute to reassuring traders and positively influencing their expectations, which constitute a key factor in determining the exchange rate.”
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SOURCE: LACK OF FINANCIAL LIQUIDITY IS BEHIND THE DELAY IN PAYING IRAQI EMPLOYEES’ SALARIES FOR OCTOBER.
(Mnt Goat: Go figure why? Just as I have been explaining to you. The banks have little cash. It is all hoarded outside the banking system)
An informed source attributed the delay by the Federal Ministry of Finance in disbursing state employees’ salaries for this month to the lack of necessary financial liquidity.
The source told Shafaq News Agency that funding for ministries and state institutions for the current month of October has not yet been provided due to the lack of necessary financial liquidity, which has led to a delay in the payment of salaries.
He explained that the disbursement of salaries is still pending the completion of funding procedures and notification of their release from the relevant authorities, noting that the disbursement date is linked to the completion of the necessary financial procedures.
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20 BILLION IN 3 NEIGHBORING COUNTRIES… EXPECTED PARLIAMENTARY ACTION TO RECOVER LOOTED FUNDS AND COMBAT CORRUPTION
(Mnt Goat: Didn’t the government just tell us they had to borrow over $5 billion from the IMF to cover salaries and retirements? Why not use this clawed back money instead?)
MP Abdul Amir Najm revealed today, Monday, the most prominent vital draft laws that the government is working to finalize and send to Parliament in the coming period. He indicated that foremost among them is the “Settlement and Recovery” draft law, which aims to activate mechanisms for recovering looted public funds and curbing financial and administrative corruption.
Najm told the Information Agency, “Parliament is awaiting the arrival of several important draft laws with oversight and financial dimensions from the government, most notably the Settlement and Recovery Law, which represents a qualitative legislative pillar to enable oversight and judicial bodies to pursue smuggled funds and those involved in stealing public money inside and outside the country.”
He added, “The enactment of this law will give the state greater flexibility and faster legal tools to recover stolen funds and reinvest them in the public treasury and development projects, and close the legislative loopholes that corrupt individuals have exploited over the past years to escape with looted funds.”
Najm explained that “the Parliamentary Integrity Committee is determined to give top priority to all legislation related to combating corruption and protecting national wealth as soon as it reaches Parliament,” stressing “the necessity of integration and high-level coordination between the legislative and executive branches to enact these stringent laws and put an end to those who encroach upon the livelihood of the Iraqi people.”
In this context, previous official statistics showed that final court rulings had been issued to recover public funds amounting to $20.48 billion, coinciding with the recovery of more than $25 million internationally over two years.
According to the data, oversight and judicial bodies, along with the Iraqi Funds Recovery Fund, were able to recover $379 million from abroad, $13 million from French banks, $9 million from Italy, and $3 million from Lebanon, in addition to recovering 19 billion dinars domestically.
The investigations also uncovered assets and funds under surveillance in neighboring countries, including $1.45 billion in Syria, $700 million in Jordan, and $193 million in Turkey. Rewards ranging from 5% to 10% were offered to informants and collaborators.
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Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!
Disclaimer: All information in this newsletter is not intended for investment decisions / purposes. Mnt Goat is not a financial analyst, planner, banker, attorney or associated in any role with giving out professional investment advice.
Auf Wiedersehen
Much love to ya all,
Mnt Goat
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