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:

August 18, 2026 Mnt Goat News Brief

Guten Tag everyone:

Can you say- ‘remove-the-zeros!’ As I have been leading up to this situaiton in my last Newsletter to realize the importance of removing the zeros from the dinar and how it has come to a stage of urgency. Today we are going to explore this is detail and review many very recent articles on this topic that have come to light.

Is Iraq about ready to remove the zeros or not?

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 11:25

“Whoever brings blessing will be enriched, and one who waters will himself be watered.”

STATUS OF THE RV

I don’t want to labor on this point but as we move further into the August timeframe, it is apparent that many still have not decided to help out in keeping the Newsletter alive. Have you already helped out with the Newsletter? There are over 20,000 hits each month on my blog yet only a handful of followers still decide to help out. Composing the Newsletter is not just a quick update, if you haven’t noticed. It is chock-full of information to teach my readers just what is happening in Iraq and why we are not yet seeing the reinstatement. Yes, it takes effort on you part to read it but even more on my part to call Iraq, research, translate and then compose something that my readers can understand and absorb easily.

Remember that I don’t need to publish anything for anyone. I do this because I care about the public and because I don’t agree with the bizarre, stupid stuff that is going on to wrongly promote this Iraqi dinar investment as a three-ring circus. Yes, there are many idiots making a lot of money off their nonsense, yet, I bring FACTUAL and HONEST news and I can hardly afford to do it any longer. Can you help?

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There is lots of news for this period of reporting again. The news is just flowing from Iraq like an over poured bier flows from it’s stein. Hang on to your seat as this is going to be a very long one today AGAIN. Get your cup of coffee or tea, sit back, relax and slowly read every bit of it to get exactly what is being said today. You might want to spend the time, this time, reading this a couple times. It is so amazing what is going on now as we are about to see the removal of the zeros from the Iraqi dinar.

I will try to connect the pieces from the articles and a conversation with my CBI contact for you and how they relate to the articles what we all want – the RV. The pressure to conduct the Project to Delete the Zeros is enormous. I will explain.

Oh Boy! Oh Boy! Oh Boy ! Do I have some important news for everyone today. I hope everyone had a wonderful weekend and I think it’s about to get much better even.

However, before we all go off half-cocked lets read the articles and analyze all of them to make sense of this picture being painted of removing the zeros soon. The basis for my Status of the RV’ today is this news of removing the zeros. It was sparked by one article in particular titled “IRAQ TO DROP ZEROS FROM ITS CURRENCY AS DINAR ‘REDENOMINATION RETURNS?” Note the question mark in the title. In the article it says that “Iraq’s Communications Minister Mustafa Sanad says Iraq has decided to remove zeros from the dinar and reprint the currency, but the Central Bank remains the country’s monetary authority and has not publicly confirmed a timetable. Is Iraq preparing to remove zeros from its currency after years of discussion over a possible dinar redenomination?” Please go to the Articles Section and read the entire article. Please do it now and then come back here.

What are the ramifications of this for our investment? Did the CBI actually give us a timeline yet? Are they about to start the educational phase for the process of how this swap-out will occur?

These are all questions we will most probably read about or hear about in the very near future. I look forward to bringing this news to you. This news, when it comes, will validate what we are now hearing. Since we have read so many articles in the past about this effort of removing the zeros, I tend now to relax and just let it play out one way or the other. I am always skeptical however the wording in the news in many of todays articles I will present to you there is a VERY STRONG emphasis that this is going to happen and has been at least authorized and decide on to go forward now from the GOI Finance Committee side and now they need parliament to pass the new law to remove the zeros. Then the CBI needs tell us they are moving ahead. These last parts we don’t yet have confirmation since this wonderful news just broke recently.

What I want to hear about MOST is from the CBI, which has not spoken publicly yet about this announcement. Is this really true? Are they going to remove the zeros now? However, as I will tell you later, the CBI did send a representative to an important meeting with Al-Zaidi and the head of the Finance Committee to discuss changes to a long-standing law to remove the zeros. There were amendments needed to the law and it has been forwarded to parliament already for implementation. So, this is the latest news in a nutshell, sort of speaking….lol…. 😊

Now let’s get to the details of how we got here and the articles to back up the news. Remember we don’t operate on hype, bank memos, rumors, opinions or information from some idiots hiding behind the scenes passing out roll-coaster rides. Here we stick with FACTS. I also want to add I did have a conversation with my CBI contact once I heard about this news. She was the representative from the CBI that attending the all important meeting with the GOI on Tuesday to discuss the new law and its amendments. So there is one confirmation already by the CBI, sort of. She has taken this information back to the CBI.

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So, let’s get on with the details…

First, let me say that there is no country that has a cash reserve mass of 113 trillion dinars, and what is in its possession does not exceed 20 trillion, and it does not know where the other reserve is. Do think that this is a major problem? Daaaa! ☹

I have to tell everyone that there are new events that lead us to strongly believe that there is once again a target of January 2027 for a reinstatement. This means they will have to remove the zeros in the later part of 2026 (the fall season) in preparation for this later event early next year to occur. If you recall the significance of removing the zeros will set the stage for the reinstatement at much higher rate over the dollar. By removing the zeros in-country in itself will need a new rate of some sort (a revaluation) or these newer lower denominations will be almost worthless at 1/6 of a penny 1320 rate. I hope everyone understands this concept?

In connection with these coming events, I need to explain my most recent conversation from my Saturday call on 8/15 with my contact in the CBI.

But first, let me recap from my prior Newsletter dated August 11, 2026 so what I am about to tell you today makes even more sense. At this time, I presented some information from a conversation with my contact in the CBI from 8/8. Remember what she said?

She told us it was ‘critical’ and even ‘urgent’ that something be done about the currency and the shortage of the 250, 500 and 1000 notes in circulation, as well as the stolen stashes of currency due to corruption. She also said they know that these three categories are the main culprit for the hording of currency outside the banking system, not so much the stolen funds as result of corruption. This could amount to almost 8 trillion dinars. As a result of this hording the CBI has to keep printing more and more of these three categories to keep them in circulation at the pace, they are horded. This causes liquidity issues as 80-90% of the notes issued and should be in circulation are these lower denominations. They are now not in direct circulation, thus not in the banks.

Since there is no other way to make change in the marketplace for those not using electronic banking or point of sale (POS) debit cards, these notes must exist. Since there is no steady flow of 24/7 electricity the citizens must use cash in many districts. Thus, the CBI then has to keep printing more of these denominations to supply the marketplace with sufficient supply notes. Remember this situation did not happen overnight and took years to culminate where it is today. But this must now be controlled as part of the Al-Zaidi financial reforms and is part of yet a bigger picture to fix the economy. Yes, round and a round they go. There is no other alternative solution but to remove the zeros and they know it.

She said the problem is not getting the money into the banks but keeping it in the banks which is a misconception of the problem by many. So right from the start many are attacking the problem not knowing the real problem. Get it? This hording is a slow process as the citizens take cash out of the ATMs, purchase something and then takes the change (in the form of these three notes) and hordes it. Why do they do this? Do they know something?

Yes, they do know something very important. To answer this question is the key to understanding what is happening here. They do this because they know that these three lower notes (250, 500 and 1000) are not going away when they remove the zeros. Really? yes, really. Don’t you remember that in 2012 Dr Shabibi laid out what would happen to all the three zero notes when redenominated. The citizens were educated. They knew these three denominations would be redenominated, but will also remain in circulation, thus will be revalued once the dinar does move to the nominal rate or Real Effect Exchange Rate (REER). The REER will not happen until they execute the reinstatement.

Yes, these three notes will be redenominated to 25 cents (250), 50 cents (500) and 1 dinar (1000) but the 250, 500 and 1000 will also remain as part of the circulated notes even though they have been redenominated. These will be the larger notes the banks will need for larger cash transactions.

The urgency arises with this situation for many reasons. I will review some. One most critical reason is the inability to pay salaries with the lack of oil revenues due to the ongoing Iranian conflict in the straight. Next because there is a strong potential to create a hyperinflationary crisis if all these horded notes should suddenly show up again in circulation, without collecting them as part of a programmed project. They have not yet caused inflation because they are still horded and thus do not impact the economy as much as of yet. So, there is a strategy of the CBI that I need to explain to everyone today, from my recent Saturday call to my CBI contact. They are planning to resolve this situation by removing the zeros from all the notes. They will give a timeline to turn them in. If still horded they will lose all this horded currency. then the CBI will replace these horded, nullified notes with fresh lower denominations along with the coins. The monetary mass will be restored and the plan is to liquify the banks with this missing currency from the monetary mass. I hope this makes sense to everyone?

I know we have all heard this over and over again that January is being targeted. Januarys come and Januarys go with no reinstatement. So, from what I just described you can clearly see the urgency of this coming January and it has a VERY STRONG possibility to be much different. Like you, I also get discouraged when it doesn’t happen.

So, my CBI contact told me she attended a meeting in the cabinet conference room of al-Zaidi on Tuesday afternoon 08/11 and so I will fill you in on what happened in this meeting. This meeting involved many of the government officials mainly between the Finance Committee, Al-Zaidi’s financial advisors and the CBI. The main topic was restructuring the Iraqi economy and the role that the removing of the zeros would play in it. My jaw dropped when I heard this news from her.

Is this really going to happen this time and what can stop it, I asked?

Remember this article titled “THE IRAQI DINAR WITHOUT ZEROS: THE CENTRAL BANK OF IRAQ LAUNCHES A HISTORIC REFORM.” It is from November 10, 2025, Written by Dr. Subhi Jabara. I present it again in the Articles Section of today’s Newsletter. It’s now August 2026. Do you think they have made any progress in events needed to begin this financial reform now? Almost a year later, do you think perhaps they are now ready to move to the next stage of this reform process? Read the article is it worded such that we all thought it was going to happen even then in last January 2025. But it did not happen. And so now we know the reason why. It was the insecurity and instability caused by the Iranina militia and factions inside Iraq. Could this really be our time now?

I need everyone to quickly move ahead to my section just below on the ”UPDATE: On Disarming Militias and Factions‘ and read through it. Then take a look at the recent article titled “MINISTER OF COMMUNICATIONS: THE DECISION TO REMOVE ZEROS AND CHANGE THE IRAQI CURRENCY HAS BEEN FINALIZED.” This is a WOW! 😊 WOW! 😊 WOW! 😊 article. But let’s not get carried away, at least not yet…… They are still working hard to find a way to disarm these factions as there are three groups that do not want to disarm. They may have to forcefully disarm them. The U.S. forces are still sticking around just in case they can help.

It sounds to me like as far as the GOI is concerned this project is going forward but they first need success in disarming these militia. I quote from the article – “Communications Minister Mustafa Sand said that the decision to remove zeros from the Iraqi currency and change it has been finalized, noting that implementing this step will contribute to bringing hoarded funds out of the banking system and returning them to the economic cycle .” Is Mustafa Sand being premature in his announcement? Should he have waiting to see how it goes with disarming the militia first? Are they that certain they can disarm all of them?

He pointed out that “the value of the money that may not be exchanged could reach, according to his estimates, about 8 trillion dinars,” considering that “its non-return practically means that the state will not be obliged to issue its equivalent in new currency.”

Did Communications Minister Mustafa Sand really means ‘finalized’ altogether meaning the CBI agreed to do it too? Or does he simply mean finalized from the standpoint of the GOI deciding to do it now? We also know from talking to my CBI contact the urgency of the situation in getting this liquidity back into the banks.

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A CONVERGENCE OF EVENTS:

Usually in my analysis I look for trends. I also look for events lining up to occur in a timeframe. As I have said before there are always other events or projects happening in the background slowly moving Iraq ahead. Many of these projects don’t pay much attention to because we are busy reading just the headlines of the day, such as removing the militia and factions from Iraq. But I assure you there is much more going on. Let’s peak at the article titled “DESPITE THE DECLINE IN THE CENTRAL BANK’S RESERVES, AN ECONOMIST TOLD IRAQ OBSERVER: AL-ZAIDI IS LAUNCHING FINANCIAL REFORMS AND ATTRACTING INVESTMENTS TO BOOST THE IRAQI ECONOMY.”

😊 I want also to mention the convergence of other events too besides this news of attracting investors or removing the zeros. Lots happening very quickly. Convergence of other events like the ASCUNDA system and its final phase of implementation happening now in the Kurdistan region. Then there is the new Performance Budgeting process that promises to have the budget for 2027 ready by Oct 1 to Parliament. This has never happened before. See recent article titled “FINANCE MINISTER: IRAQ IS MOVING TOWARDS APPROVING ITS FIRST PROGRAM AND PERFORMANCE BUDGET”. Finance Minister Faleh Sari confirmed on Sunday that Iraq is moving towards approving its first program and performance-based budget in its history.

😊 Also, we all know that the Iraqi new Fiscal Year begins January 1^st. Then news also pops out about accession to the WTO. Why does this WTO issue always pop out when they talk about removing the zeros? Really the WTO at this time? Is there a connection? Does the WTO want a new rate for the IQD? Take a peak at the recent article titled “INTENSIVE EFFORTS TO JOIN THE WORLD TRADE ORGANIZATION”. Iraq has made significant progress in its bid to join the World Trade Organization, after completing a number of key files related to goods and services and responding to questions from member states, in preparation for holding the fourth meeting of the working group on Iraq’s accession to the organization.

“The official spokesman for the Ministry of Trade, Mohammed Hanoun, said that a delegation from the ministry visited the headquarters of the World Trade Organization last July, and held a series of official meetings with officials of the organization, the secretariat, and the head of the working group on Iraq, in addition to representatives of a number of member states.”

Okay so let’s sum up what I mean by convergence of events that may take place. First we need the Iranian militias neutralized, then they kick off the removal of the zeros, leading to the reinstatement in January and the WTO accession can also occur.

Let’s next address this all-important question now if the CBI has bought into the idea of removing the zeros, okay.

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Remember also that they always told the public that this move of removing the zeros will take legislation, meaning a law in parliament to do it. If we read the newest more recent article titled “THE CENTRAL BANK REMAINS SILENT ON THE REMOVAL OF ZEROS AMID MARKET CONFUSION.” From August 17, 2026. In it is stated and I quote – “This is supported by what the Central Bank officially announced in 2022, when it said that restructuring the currency and removing zeros requires a law to be enacted by the House of Representatives, and that a draft law had been prepared years ago and needed amendments.” Their words not mine….

The Central Bank Law (not the removal of the zeros law) dictates how the Central Bank operates, also stipulates that the bank alone has the right to issue currency, determine its denominations, standards, and designs, and make arrangements for its issuance, which makes the absence of its direct position more important than statements issued by other government entities.

What I am telling you is this new law to remove the zeros is completed and has been passed on to the House of Representatives (Parliament) already. But now it is in the hands of the Central Bank to perform the tasks of removing the zeros and replacing the currency. They will not do it if they feel the conditions are not right. Are the conditions right?

Also in the article it states and I quote – “The silence of the Central Bank of Iraq regarding the escalating news about changing the currency and removing three zeros from the dinar has left an information gap in one of the most sensitive monetary files, at a time when conflicting statements continue to come from officials, deputies and experts regarding a decision that the body authorized to issue the currency has not yet announced whether it has actually been taken, or is still under study, or what its implementation mechanisms are.”

The question that needs answering from the central bank remains simpler than the ongoing debate: **Was the decision to remove zeros actually made?**

This is key —-> If a change has been made, the market expects the entity responsible for the currency, not ministers, members of parliament, or social media platforms, to announce its timing, the mechanism of the exchange, its limits, the fate of funds outside banks, and the guarantees that prevent market disruption or harm to citizens’ savings.

We have been waiting to see this new law for a long time. Even though the CBI works independently, it still takes the effort to work as a partner with the prime minister, Finance Committee and parliament in order to have everyone as a stakeholder in this historic move. Based on this, my CBI contact told me she heard in the meeting from Tuesday that legislation has been written to conduct removing the zeros and is now being moved to parliament to pass it. Thus, the purpose of this meeting was to review the bill before it was passed on to parliament.

So, I asked if the CBI can reject removing the zeros if this law to remove the zeros passes in Parliament? She said yes, however at this stage it is not very likely and the CBI governor would have to come before parliament to explain why they reject it at this time. She said in reality the CBI does not work in a vacuum and they already has discussions with the GOI on this topic. She does not believe the GOI would have made this move if support from the CBI was not likely.

Hey! Can the news get any better?

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REMOVING THE ZEROS: THE TIE TO ASYCUDA:

During this call my contact also talked about a couple more issues related to removing the zeros. This included the salary issue and the ASYCUDA System.

First let’s take a look at the functionality of ASYCUDA and so why have it?

The ASCUNDA system is designed to:

Streamline financial transactions between different districts and regions.
Integrate banking and customs operations to improve efficiency and transparency.
Support digital transformation in Iraq’s financial sector, aligning with national goals for modernization

In the Kurdistan context, the system is being finalized to enable unified digital customs operations across the region, which could reduce delays, lower costs, and improve trade compliance

Related Digital Initiatives

Iraq has been advancing several digital reforms:

Unified digital customs system between Baghdad and Erbil to harmonize import/export processes
Banking system modernization to improve access, security, and interoperability

These efforts are part of a wider push to digitize government services, enhance cross-border trade, and strengthen financial governance.

Current Status of ASYCUDA:

As of recent reports, the ASYCUDA system is in the finalization phase in Kurdistan districts, the only a few districts remaining to complete. Its success will depend on the seriousness and coordination of implementation, as well as integration with other national digital platforms. If you need to engage with the system, the (General Customs Authority) in Iraq provides official access and guidance

Now let’s take a look at a recent article on this subject matter of ASYCUDA. It is titled “ASYCUDA IMPLEMENTATION MINUTES FINALIZED, AWAITING CABINET GREEN LIGHT”. I have to ask is ASYCUDA system friendly to these large three zero dinar note numbers as in the three zero notes? Are they trying to normalize denominations across ASYCUDA platforms? Will they do the same with the Vietnam Dong. It too is way overdue to redenominate. Just saying….. 😊

Then another recent article titled “BAGHDAD AND ERBIL RESOLVE THE “ASYCUDA” DISPUTE… BORDER CROSSINGS ENTER A NEW CUSTOMS PHASE”.

The Interior Minister of the Kurdistan Regional Government, Reber Ahmed, announced that Erbil and Baghdad have reached a final agreement on the implementation of the ASYCUDA global system and the sharing of customs revenues, while criticizing the federal government’s “hesitation” in compensating the victims of the attacks that targeted the region, stressing that the resumption of oil production is linked to providing air defense systems and security guarantees for foreign companies.

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UPDATE: On Disarming Militias and Factions

It is somewhat comforting to finally witness that Iraq is making necessary changes to policies that we all witnessed over these last decades that literally almost tore that country apart and would have if the U.S. hadn’t stepped in to clarify its stance on Iraq. No, Iraq was not going to be just another proxy state for Iran. Or should I say like a trophy for Iran as yet another conquest in this insane Muslim Islamic Brotherhood Global Terrorist Revolution.

I don’t think I have to remind everyone that the new 2005 Iraqi constitution forbids armed groups inside Iraq other than the security forces of Iraq. So, this is not the ‘bid bad’ Trump saying they must be removed but by Trump enforcing their own constitution upon them. Why didn’t Obama or Biden do it? Yes, making them live up to what they all agreed to do in 2005. We all should wonder just what Obama was really up to when it came to foreign policy with Iran.

I today’s news you might want to take a peak at the recent articles on this subject matter. One is titled “LATE-NIGHT MEETING OF THE FOUR PRESIDENCIES TO DISCUSS THREE “SERIOUS” ISSUES IRAQ”. The problem is going to stem from the extreme factions that infiltrated the militias and refuse to disarm. What will Al-Zaidi do?

The four presidencies held an important meeting on Monday evening, focusing on the issue of limiting weapons and options for confronting factions that refuse to disarm after the September 30 deadline.

According to an informed source who spoke to Shafaq News Agency, the meeting to be held between Prime Minister Ali al-Zubaidi, Speaker of Parliament Hebat al-Halbousi, President Nizar Amidi, and Head of the Supreme Judicial Council Faiq Zaidan will focus on two issues: first, restricting weapons, and second, continuing the fight against corruption and ensuring there are no red lines in pursuing any person accused of corruption, regardless of their governmental or political position.

I also just want to add that eventually they will have to go after Nouri al-Maliki if they are sincere in what they say about “pursuing any person accused of corruption, regardless of their governmental or political position”. I fully believe this will happen for his crimes against humanity, constitutional violations and the money he has stolen.

The next article is titled “AL-ZAIDI TO CENTCOM COMMANDER: BY OCTOBER, IRAQ WILL BE FREE OF ANY FOREIGN MILITARY PRESENCE.” Prime Minister Ali al-Zaidi confirmed on Wednesday evening to US Central Command chief Charles Brad Cooper that Iraq will be free of any foreign military presence on October 1st.

He explained that the first of next October will be “a new day in the course of the Iraqi state, as Iraq will be free of any foreign military presence, and will have completed its national sovereignty over its lands, and continued to build its security and military capabilities, enabling it to protect its security and stability on its own.”

Now, having read this statement above and you know that it will take months to prepare and conduct the removing of the zeros, wouldn’t you begin right about now if you plan to reinstate the dinar in January?

Then this article soon pops out titled “AL-ZAIDI’S MESSAGE TO THE FACTIONS: CONFRONTATION AND CLASHES IF THE DEADLINE EXPIRES WITHOUT WEAPONS BEING SURRENDERED”. An Iraqi security official revealed to AFP on Wednesday (August 12, 2026) that he had been in contact with the Iranian Revolutionary Guard regarding armed factions and limiting their weapons to the Iraqi state, while two political sources reported that Prime Minister Ali al-Zubaidi had informed political leaders of his readiness to “confront” and “clash” with factions that refuse to cooperate after the deadline expires.

Oh…so Iraq has the proverbial ‘balls’ to confront Iran after all?

Regarding linking the issue of restricting weapons to the American position, Barzani said, “The issue of restricting weapons to the state is not an obligation to America, but rather an obligation to Iraq,” adding, “America came to this country one day, and one day it will leave, but we are the ones who will remain in Iraq. We are the people of Iraq and we will remain here.”

Barzani warned of the repercussions of the continued presence of armed factions, saying: “I say to all political forces and the Iraqi people, I swear that if Iraq does not resolve the issue of armed factions, it will face international isolation and will also be subjected to regional isolation.”

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SUMMARY

Lots of moving parts that all need to converge at some point and we can see it may be January 2027. I want to say that I think our prayers are working. Again, I need to say to PRAY, PRAY and PRAY somemore. Pray like cheering on a racer about to cross the finish line. We are almost there.

We are almost there and God sincerely wants us to have this blessing but there are very dark elements keeping it from us and the Iraqi people. But most importantly terroristims in the middle east is destroying cultures in the name of Alah and it needs to end. All this news today is so terrific. Could it get any better other than being told we can now go to the banks and exchange? Yes, the milk was spilled from the bottle and oops, you can’t put it back.

Now, having said all this I also have to tell you about another article that came out on 8/17 that contradicts all these other many recent articles about removing the zeros. Who are we to believe?

It is hard to understand why we would be told all this good news then to tell us it was all not correct news. I don’t get it. Anyhow here is the article and so you can judge for yourself. It is titled “GOVERNMENT SPOKESPERSON: THE CABINET HAS NOT MADE ANY DECISION REGARDING THE ISSUE OF REMOVING ZEROS FROM THE IRAQI CURRENCY”.

The fact that this article talks mostly about disarming the Iranian backed militias and factions I believe that the process to begin removing the zeros is dependent on first removal of these militias. But of course, we all knew that, didn’t we? You have to read the article over and over again to see it. Also remember why would my CBI contact tell me about this meeting to review the new law to remove the zeros, the same law this article says we need to have, but it appears we have it. I quote from the article – “Regarding the issue of removing zeros from the currency, Al-Aboudi stressed that “the Council of Ministers has not made a decision to remove zeros from the currency, nor has the Central Bank, and the matter requires legislation from the House of Representatives.”

Who is Al-Aboudi anyhow? Are we going to believe him/her or a representative of the government that is sitting on the council of ministers in Al-Zaidi’s cabinet? I could he be wrong, but it sure sounded like a ‘final’ decision had been made by Iraq’s Communications Minister Mustafa Sanad when he says and I quote from the articles – “Iraq has decided to remove zeros from the dinar and reprint the currency”

But….does this mean they are going to do it now or still later, but the decision has been made to do it. Is this all it means?

Our focus now should be watching for this new law to remove the zeros being passed in parliament and news from the Central Bank as to how they will swap out the currency, educate the citizens, etc, etc. We can already see some education taking place in the article titled “IRAQ STRUGGLES TO CONTAIN VOLATILE DINAR CURRENCY DISPARITY”

and then again in

“THE EVOLUTION OF THE ISSUED CURRENCY AND CIRCULATING MONEY IN IRAQ 2004–2026”

How much longer are they going to try to hide this event from us? Are they even hiding it or now just trying to wipe up spilt milk, maybe they shouldn’t have spilt?

We know that once this removal of the zeros is completed, the Central Bank will monitor for inflation for a short time, longer if needed, then make the move back to FOREX by reinstating the IQD. We should also expect Iraq to gain full accession to the WTO about this timeframe too.

Remember that I do not expect any in-country formal revaluation on the dinar. This could change, as they might decide to create a motivation for the stashes to come into the banks, but I believe they don’t need this incentive as the incentive will be ‘to lose the money stashes or swap it out’. This alone will force the citizen to swap it out. I know many of these intel gurus out there will argue with me all day long. They will bash me. I am only telling you what my CBI contact has told me many times will most probably occur.

Of course, by default the dinar will increase in value as a matter of course of redenominating. In other words, a 25,000 dinar note today worth about $19 USD today and after the redenomination the 25 notes will be worth $19 USD, no change. But if you base it on USD value per dinar it is $19 / 25 = .76 cents per dinar. You see no formal revaluation only an indirect change as a matter of course. So when they tell you that there will be no revaluation this is what they are talking about. So, we know better.

Let’s wait to hear further news from the CBI as I am sure news is to come shortly.

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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. Part of the mess in the US must be cleaned up too. Then certain laws in Iraq must be passed. Certainly, reviving the economy to at least 45%-50% non-oil revenues could make a huge difference for Iraq and the IMF. Let’s also let the Abraham Accords take effect as more Arab countries join in. 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. We are not in control over these obstacles. We need to STOP spreading rumors and over speculating.

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 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

“Big Exposures Are Coming And Big Changes Are On The Horizon“

Go to the 11:02 mark on the video. Given on Aug 8th “

“Liars Are Being Exposed“

Go to the 15:16 mark on the video. Given on Aug 9th

We can relate to this frustration when things don’t go our way and we have to wait a bit longer for God to bring us what we need. Go RV!“

IS THERE REALLY FAKE NEWS?

Are they purposely lying to us? I call this propaganda!

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 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.

FAUCI MADE 4 MISTAKES WHILE PLEADING 5TH’

If the federal government does not get him there are many states that can prosecute him outside of the so-called autopen pardon by Biden.

FAUCI HIT WITH SUBPOENAS FROM MULTIPLE STATES

The TRUTH will be told somehow, yes one way or the other. Either through testimony or jail time. I don’t believe he is going to get away with decades of deception and lying about this biological warfare he has been waging on the planet. People have had enough of this and there must be accountability for your actions.

FAUCI AND HIS COUNTERPARTS GOE MUCH DEEPER THAN JUST THE COVID VIRUS

The Fauci Story You Never Heard and is unveiled today– Dr. Jan Halper-Hayes.

Oh boy are you in for an awakening…..

IT’S SATURDAY AUG 8^TH, THE SAVE ACT IS SUDDENLY MOVING AGAIN…..its not over until its over….

6 Democrats Just Voted With republicans.

DR. FAUCI HELD IN CONTEMPT OF SENATE, WHAT NEXT?

It’s official’: DOJ receives Fauci contempt referral after Senate Committee vote.

DEMOCRAT PARTY STRATEGY: CREATE CHAOS GOING INTO MIDTERMS

POLITICAL BATTLE IS TEARING THROUGH THE DEMOCRATIC PARTY

CHILLING WARNING ABOUT DEMOCRAT SOCIALISM

The takeover of the Democrat party.

Remember the U.S. is a ‘Constitutional Republic’ not a democracy. I know, I know the democrats keep screaming about saving our democracy, but we conservatives are all about saving our republic not the democracy, which they want desperately to make us. But the U.S. is not a democracy. This so-called democracy the democrats scream for would eliminates the constitution (the law of the land) and makes the majority the law, which we all know they rig. At the same time they rig the elections, which is our ‘democratic’ principles of electing our leaders. So, you can’t have it both ways.

We only use democratic principles to select our leaders who will in return promise to uphold the constitution ( the law of the land for 250 years now) and protect us from all invasions of foreigners who seek to destroy our way of life. It is our Supreme Court that is set up to ensure any laws enacted by any body of the government is adhering to the constitution. Yes, they now tell us they also want to abolish the supreme court. Oh… this has gone too far already.

HISTORIC LOWE & FARAGE PACT?

Can they save the UK together? The pact is just on the table. Not yet confirmed.

NOT COMPATIBLE WITH WESTERN WORLD VALUES

When the Berqa becomes a smirka! What the hell !!!! ☹

Did it ever occur to someone that some cultures are just not meant to co-exist?

Finally, an outward pushback from Australians on these uncontrolled global migration mandates. Why is this so bad for our culture? Again, I will say that we have not yet exposed fully and publicly, and with the needed emphasis, the organization causing these immigrants to come to our countries in the first place. How did this occur? Who is funding them? Who are the politicians going along with these ‘volunteer’ mandates from the United Nations. We need to cut the head off the snake.

Is the United Nations the head of the snake?

I’ve showed you today in the news what the UK is doing and now this part is Australia. What did the prophecies tell us was going to happen about these globalist policies? God told this movement to stop and reverse it will begin first in the U.S. and then move outward to the other countries. These prophecies are being fulfilled as I write this Newsletter today.

The future is ours for the taking but we must first grasp the severity of what is actually going on and who is behind it all. What is this conspiracy to ruin our countries and why?

SENATE EXAMINES ALLEGED MUSLIM BROTHERHOOD NETWORK IN AMERICA

We must all remember that this ‘war on terrorism’ started in 2001 is still in place and has not yet ended.

I am very glad to say that any followers of the Jesus Christ that I follow, do not steal massive amounts of money from forced proxy governments and other wise, then go around blowing up people in the name of ‘Alla’, if they don’t cooperate. Oh…. you are a peaceful Muslim religion, really?

Okay, so if that is the case, and you say it is, then if you truly are a peaceful Muslim religion and don’t go along with these extremists, then it is your responsibility to clean up your so-called religion and put these extremists in their place. Why do we, the western Christian and Jewish cultures now have to do all your dirty work for you. You should do it, publicly denounce these radical groups, and prove to us you are actually a peaceful religion and not just a radical cult in disguise as a religion.

I hope all you Muslims get this message today. I am not spreading hatred of Muslims but if what you believe is truly a good religion you must prove it. You must confront those radical Muslims and fight your own battle with them. Why does the western cultured world have to do your dirty work for you?

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 I 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.

IRAQ REGAINS ITS SEAT AT THE WORLD TABLE… BAGHDAD IS ADVANCING IN ARAB DIPLOMACY AND INTERNATIONAL PARTNERSHIPS

In a new indication of the expanding Iraqi presence abroad, Iraq ranked 12th in the Arab world and 94th globally in a ranking that measures the level of diplomacy and the ability of countries to build international relations and partnerships, according to data from the American magazine “U.S. News & World Report” .

Iraq has moved up in the rankings, ahead of Lebanon, which came in 13th place in the Arab world and 96th globally, while the UAE topped the list of Arab countries, ranking 28th globally, followed by Kuwait, Qatar, Saudi Arabia and Bahrain.

In the Arab world, Egypt came in sixth place, followed by Tunisia, Morocco, Oman, Jordan and Algeria, while Iraq continued to be among the Arab countries most open and capable of building international partnerships.

The ranking does not measure only military strength or the size of the economy, but focuses on international relations, openness, partnerships, and diplomatic presence and influence, which are indicators that reflect a country’s ability to operate in the international arena and build a network of relationships that extends beyond its borders.

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AL-MOUSSAWI CRITICIZES RESORTING TO AMERICAN COMPANIES, SAYING IT WILL TIE THE IRAQI ECONOMY TO THE UNITED STATES.

Political analyst Haider al-Moussawi criticized the Iraqi government’s reliance on American companies in various sectors, despite the Iraqi people’s lack of trust and negative experiences with these companies. He pointed out that relying on American companies will tie the Iraqi economy to the United States.

Al-Moussawi told Al-Maalouma, “American companies, whether in the economic or security sectors, have a bad history in Iraq, especially since the people do not trust their work, and they have been involved in the bloodshed of Iraqis in recent years.”

He added, “Granting confidence to American companies to operate again in Iraq raises many questions among the people about why other countries were not chosen to diversify the economy and investment sources.”

He explained that “linking all Iraqi sectors and agreements to American companies will be tantamount to tying the economy to the United States,” noting that “Iraq has had an unsuccessful experience with American companies, which leads to a lack of trust in them.”

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IRAN: OUR RELATIONS WITH IRAQ ARE AT THEIR BEST, AND COOPERATION INCLUDES THE ECONOMY, SECURITY, AND BORDERS.

(Mnt Goat: I have never heard of such bullshit. You see when you know the truth you can spot lies a mile away.)

Iranian Foreign Minister Abbas Araqchi affirmed on Monday that relations between Iran and Iraq are at their best, noting the close cooperation between the two countries in the political, economic, security and border fields.

During his visit to Iraq to participate in the Arbaeen pilgrimage of Imam Hussein (peace be upon him), Araqchi said that the Arbaeen pilgrimage represents a major maneuver that reflects the unity of the Iraqi and Iranian peoples and the depth of the religious and ideological ties between them.

He added that the recent visit of the Iraqi Prime Minister to Tehran witnessed fruitful discussions, stressing that joint cooperation includes coordinating political positions, economic and trade files, securing borders and regulating movement across them, as well as developing joint transit routes.

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CURRENCY PRINTING IS KNOCKING ON IRAQ’S DOOR… WARNINGS OF AN ECONOMIC CATASTROPHE

Al-Mada newspaper revealed in a report followed by “Al-Mustaqilla”, the escalation of the financial liquidity crisis in Iraq, after the Parliamentary Finance Committee proposed the option of resorting to printing currency to secure employee salaries and avoid a financial crisis that some MPs described as potentially leading to a “revolt of hungry stomachs”, at a time when economists warn that this option may open the door to a dangerous wave of inflation if it is not accompanied by a real increase in production.

According to the report, Jamal Kojar, a member of the parliamentary finance committee, said that printing currency has become one of the options being considered to overcome the current liquidity crisis, despite the awareness of the economic risks involved. He explained that the government is facing a time gap due to the delay in receiving oil revenues, which are received two or three months after the sales.

Kujer explained that the options available to the government have become limited, noting the difficulty of relying on recovering funds from corruption cases within a short period, as well as the fact that increasing non-oil revenues or activating other resources requires a long time.

He explained that the halt or decline in export activity as a result of security and regional developments has directly affected revenues, noting that Iraq is now facing difficulty in maintaining normal export levels, which has led to significant pressure on government liquidity.

The report indicated that the Finance Committee believes the government faces difficult choices between using part of the cash reserve or taking exceptional measures to provide the necessary funds for operational expenses, primarily employee salaries.

In contrast, economic experts warned of the dangers of printing money without real economic growth, stressing that the problem facing Iraq is not financial bankruptcy, but rather mismanagement of resources and excessive reliance on oil as a primary source of revenue.

Economic expert Jalil Al-Lami said that Iraq possesses significant financial resources, including foreign reserves, gold reserves, and a huge oil wealth, but the problem lies in the structure of the economy, which relies heavily on oil in contrast to weak non-oil revenues and high operational spending.

Al-Lami warned that issuing large quantities of currency without increasing production will lead to higher inflation, a decline in the purchasing power of the dinar, and an increase in demand for the dollar, which may be reflected in the prices of goods and local markets.

He pointed out that the experiences of countries such as Zimbabwe and Venezuela have shown the danger of resorting to printing money as a solution to financial crises, stressing that this measure could turn from an attempt to address a temporary crisis into a cause of a deeper economic crisis.

Economists have suggested other alternatives, including domestic borrowing through government bonds, reprioritizing spending, strengthening tax and customs revenue collection, increasing oil exports, and activating the private sector.

The controversy over printing currency comes at a time when the Iraqi economy is facing increasing pressure due to its heavy reliance on oil revenues and the ballooning wage bill and operating expenses, amid warnings that continuing to address crises temporarily without structural reforms could exacerbate financial challenges in the coming period.

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80% OF MONEY IS OUTSIDE BANKS… FORMER MP CALLS FOR A NEW STRATEGY TO ATTRACT HOARDED FUNDS

Former MP Abbas Sarout confirmed on Thursday that 80% of Iraqi money is hoarded in homes, away from banks, noting the need to reconsider the strategy for attracting funds to the banking system.

Sarout explained to Al-Maalouma that “Iraq is suffering from a liquidity crisis that has begun to affect salary distribution, given that 80% of the money is hoarded outside banks. This requires serious attention to adopt a strategy that creates incentives to encourage citizens from all walks of life to deposit their money in banks and adopt electronic payment methods, a strategy used in most countries worldwide.”

He added that “this mechanism ensures the government’s ability to distribute salaries, grant loans and advances, and conduct financial transactions,” pointing out that “the majority of financial transactions in Iraq still rely on traditional methods, and this has many drawbacks.”

He stressed “the necessity of citizens having confidence to deposit their money in banks, as this will create balance, sustain the flow of funds, and foster greater flexibility, particularly in ensuring the financial capacity to meet obligations.”

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THE CURRENCY ISSUED IN IRAQ ROSE TO 113.6 TRILLION DINARS BY THE END OF LAST MAY

The currency issued in Iraq recorded an increase to reach more than 113 trillion dinars by the end of May 2026, coinciding with the continued rise in cash circulating outside banks, according to official data from the Central Bank of Iraq. Dailynews reports

Data seen by Shafaq News Agency showed that the currency issued amounted to 113.560 trillion dinars at the end of May, compared to 112.896 trillion dinars at the end of April, and 99.799 trillion dinars at the end of 2025.

The net currency in circulation outside banks also rose to 106.812 trillion dinars, compared to 104.542 trillion dinars at the end of April, and 92.560 trillion dinars at the end of 2025.

In contrast, the currency held by banks decreased to 6.748 trillion dinars by the end of May, after reaching 8.354 trillion dinars at the end of April, while it recorded 7.239 trillion dinars at the end of 2025.

For his part, economist Mohammed Al-Hassani told Shafaq News Agency that the increase in the issued currency means that the Central Bank has injected a larger amount of cash, noting that the most important thing is how this cash mass is distributed within the economic cycle.

He added that the continued concentration of the majority of currency outside banks, compared to the decline in cash held within them, reflects the continued reliance of individuals and companies on keeping money in cash rather than depositing it in the banking system, which limits the ability of banks to expand lending and boost economic activity.

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COULD RAISING THE DOLLAR EXCHANGE RATE BE A WAY TO SECURE SALARIES?

(Mnt Goat: I know, I know, it can get confusing. When they talk about raising the exchange rate of the dollar they are talking about dollars per dinar. So to raise it is a devaluation of the dinar not a revaluation. For example: 1320 to 1450 dinars per dollar has been proposed. Please keep in mind when you read these articles like this one)

The Iraqi political scene has recently witnessed a surge in discussions about the financial crisis facing the government, coinciding with delays in salary payments in some institutions, declining oil revenues, and a widening gap between revenues and operational expenses, particularly the salaries of employees and retirees. Officials have acknowledged the existence of financial pressures and limited liquidity, as the government seeks internal solutions to secure salaries.

Amid these circumstances, news and analyses have begun circulating in political and economic circles suggesting the government might resort to raising the exchange rate of the US dollar against the Iraqi dinar as a means of bolstering revenues denominated in dinars, especially since most of the state’s revenues come in dollars from oil exports and are then converted to dinars when funding the budget. However, to date, there has been no official announcement or decision confirming the government’s intention to raise the dollar exchange rate, and what is being discussed remains within the realm of media analysis and speculation, not declared policy.

Experts believe that any adjustment to the exchange rate might provide the public treasury with greater revenues in dinars, but it could also lead to higher prices for imported goods, increased inflation rates, and a decline in citizens’ purchasing power, making this option a highly costly economic and social measure. The current crisis once again reveals the extent to which the Iraqi economy relies on oil as its primary source of revenue. This makes public finances highly vulnerable to any drop in oil prices or decline in exports.

Therefore, the real solution lies not only in changing the exchange rate but also in reforming the economic structure, diversifying income sources, rationalizing spending, combating waste and corruption, and boosting investment and local production. Ultimately, the Iraqi citizen remains the weakest link in any financial crisis, awaiting sustainable solutions that guarantee the regular payment of salaries while simultaneously preserving the value of the dinar and price stability, avoiding measures that could increase the burden on Iraqi families. May God protect Iraq and the Iraqi people from the corrupt and the hypocrites.

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AN ECONOMIST SAYS IRAQ HAS ENTERED A PHASE OF “PAYING THE PRICE” AS A RESULT OF ACCUMULATED MISMANAGEMENT AND CORRUPTION – URGENT

Economic expert Ziad Al-Hashemi said on Tuesday (August 4, 2026) that Iraq has entered a phase of “paying the price” for what he described as the accumulation of failures, corruption and mismanagement over more than twenty years, considering that the current crisis is the result of the policies of successive governments, in addition to the responsibility of political parties, parliament and oversight institutions.

Al-Hashemi said, in a statement followed by “Baghdad Today”, that financial and administrative losses and failures have accumulated during the past years without real treatment, accusing political forces of being preoccupied with “dividing the spoils”, while the regulatory and legislative bodies were unable or negligent in performing their role in accountability and reform.

He added that, in his view, the responsibility is not limited to governments, but extends to the parliament that approved large budgets, the political forces that dealt with the state according to the logic of power-sharing, as well as regulatory institutions, elites, media and the public, some of whom he said contributed, to varying degrees, to the continuation of the existing approach.

Al-Hashemi pointed out that Iraq is not facing a temporary liquidity crisis, but rather is going through the repercussions of what he described as an economic and political system that relied on quotas, corruption and buying loyalties, considering that the reform opportunities that were available during the years of financial abundance were not invested in building a diversified economy that is more capable of facing crises.

He warned that continuing to address the crisis through borrowing or postponing payments, without implementing structural reforms, could prolong the economic challenges, stressing that the cost of this would be borne by the citizens.

Economic and political experts offer differing views on the causes of the crisis and ways to address it, amid repeated calls for the implementation of financial and economic reforms, diversification of income sources, and a reduction in dependence on oil.

(Mnt Goat: I could not have said it any better than Al-Hashemi. I think he is spot on.)

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80% OF MONEY IS OUTSIDE BANKS… FORMER MP CALLS FOR A NEW STRATEGY TO ATTRACT HOARDED FUNDS

Former MP Abbas Sarout confirmed on Thursday that 80% of Iraqi money is hoarded in homes, away from banks, noting the need to reconsider the strategy for attracting funds to the banking system.

Sarout explained to Al-Maalouma that “Iraq is suffering from a liquidity crisis that has begun to affect salary distribution, given that 80% of the money is hoarded outside banks. This requires serious attention to adopt a strategy that creates incentives to encourage citizens from all walks of life to deposit their money in banks and adopt electronic payment methods, a strategy used in most countries worldwide.”

(Mnt Goat: I got an idea….what about making the dinar higher then the dollar and then introduce the newer lower denominations. This would collect all of these three zero notes. Once turned in, mandate they get deposited into the banks to swap out, then allow only so much a month to withdraw using ATMs so it stays in the banks. Oh… what a brilliant idea…lol…lol..lol.. 😊 )

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MP PROPOSES DIGITAL DINAR TO FIX IRAQ’S CASH SHORTAGE

MP Saad al-Awadi, deputy head of the National Approach parliamentary bloc, proposed on Friday a plan to secure salary payments for state employees and retirees through a “digital dinar” and end Iraq’s ongoing cash crisis.

In a statement, al-Awadi said the initiative represents “a comprehensive economic plan to address the liquidity crisis and ensure stable salary disbursement through the launch of a digital Iraqi dinar,” easing access to financial entitlements for employees without requiring paper cash transactions.

The plan aims directly to shield employees from the effects of salary delays and liquidity bottlenecks at banks and disbursement outlets, he explained, by depositing salaries as encrypted, protected digital currency into designated financial wallets, allowing citizens to immediately use their salaries for purchases and electronic payments without waiting for cash to become available.

(Mnt Goat: This was the topic with my CBI contact last week. We talked about this article. This is what she told me. This news is nothing new. There are obstacles to this. To do these digital wallets you will need electricity 24/7 which they do not yet have. Yes, Apple I phones have just been selected as the preferred technology that can be used for Apple Wallets.

First, salaries are supposed to be already electronically deposited in the banks by the CBI. How many articles did we read about this. So this is not the problem getting the money into the banks. The problem is keeping it there.

Citizens have to have a bank account already.

Second, the problem stems in getting the money out of the bank, once in it. They limit the ATMs to so much a day, so this also is not the issue so much. They need to prevent the money from getting out of the banks, once in it.

This is the REAL Problem:

Most of the money stashed has been in the lower denominations 200, 250 and 1000 bills, which is also why they have to keep printing more lower denominations, get it? How many articles on this already?

This is why they keep telling us there is shortage in the lower denominations, get it? They have gotten these lower denoms stashed in response from change from the higher notes (5k, 10k, 25k and 50k) when shopping. Then they just take them home and stash them. The citizens figure when they have enough of these lower denoms they can shop and now worry about getting ripped off because the merchant does not have enough change of the lower denoms to make proper change for the purpose.

This is NOT an issue of not trusting in the banks but a ‘logistical’ issue on the part of the CBI. We read an article all about this not too long ago, remember?

SOLUTION

They need to convert these 3 zero notes to the newer lower denominations and coins and get on with it. I can’t believe for a second they don’t see the problem and solution to it just as I described. They are not totally moronic, or are they? These 3 zeros notes were meant to be a temporary solution to prevent hyper inflation that began in the 1990 war and then go much worst in from the 2003 war. Instead of preventing, now they are going to cause inflation of they continue to print them and keep increasing the monetary mass on the path they seem to have taken.)

“The current cash bottleneck does not stem from a lack of resources but from paper currency being withheld and hoarded outside the banking system at record rates,” al-Awadi stressed, adding that reliance on a central bank-issued digital dinar would eliminate salary delays, reduce the operational costs of printing and transporting cash, and protect citizens’ purchasing power without resorting to domestic borrowing policies.

(Mnt Goat: they keep describing the effect not the cause. Their solutions just skate around what really needs to be done.)

His proposed roadmap also includes requiring service and commercial sectors to accept digital transactions, along with incentive packages and government guarantees to restore confidence in the banking sector.

Al-Awadi called on the government, the Central Bank, and the relevant parliamentary committees to hold an urgent joint session to establish the legislative and technical frameworks needed to implement the project.

Iraq still lacks official digital payment platforms or electronic trading systems, and globally circulated cryptocurrencies, most notably Bitcoin, the most widely used, remain unadopted in practice for buying, selling, and cash transactions in the country.

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THE MINISTRY OF FINANCE IS CONSIDERING THREE OPTIONS TO OVERCOME THE EMPLOYEE SALARY CRISIS.

Former member of the parliamentary finance committee, Sherwan Mirza, revealed on Monday that the Ministry of Finance has begun studying three scenarios to get out of the liquidity crisis, foremost among them being external borrowing, printing currency, or recovering the cash mass, which amounts to about 90 billion dollars.

Mirza explained to Al-Maalomah News Agency that “the government, represented by the Ministry of Finance, is trying to address the financial problem through several scenarios, foremost among them being the move towards external borrowing, as well as recovering the cash mass held by citizens and companies, which is estimated at $90 billion, and also finding alternatives for exporting Iraqi oil.”

The former representative for Sulaimaniyah Governorate in the Kurdistan Region called on the government to bolster and prioritize non-oil revenues during this period as part of overcoming the current economic crisis.

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DOES THE INCREASED MONEY SUPPLY THREATEN THE STABILITY OF THE IRAQI ECONOMY? AL-ZAYDI’S ADVISOR EXPLAINS.

The Prime Minister’s financial and economic advisor, Mazhar Muhammad Salih, revealed on Wednesday the impact of increased currency issuance in Iraq on economic and financial stability.

Salih stated in a press interview, which was reviewed by the Video News Agency, that “currency issuance in Iraq witnessed a significant increase during the first five months of 2026, reaching approximately 113.560 trillion dinars by the end of May, an increase of 13.761 trillion dinars, or 13.8%, compared to the end of 2025.”

He added that “this development occurred amidst an exceptional financial crisis that accompanied the decline in oil exports as a result of the repercussions of the Strait of Hormuz crisis and war, with Iraqi exports falling to approximately 15% of their usual levels before gradually improving to reach about 30% of those levels.”

Saleh explained that “the increase in the money supply should not be viewed in isolation from the circumstances that produced it. It was not the result of monetary expansion aimed at stimulating demand or financing regular spending, but rather a response to the government’s need to provide the necessary liquidity to cover salaries and basic expenditures in light of the sharp decline in oil revenues.”

He pointed out that “the majority of these needs were financed through the expansion of domestic public debt by issuing treasury bills, which were subscribed to by government banks before being rediscounted at the central bank. This provided the necessary liquidity to finance public spending, and as a result, the central bank now holds more than 60% of government debt instruments within its investment portfolio.”

Saleh continued, saying, “While this development reflects an expansion in the money supply, its risk assessment should be based on monetary stability indicators, not solely on the size of the money supply. In monetary policy literature, the foreign exchange reserve coverage ratio is considered one of the most important indicators of the strength of the monetary position. International practices indicate that a coverage ratio of at least 75% is an indicator of the efficiency of foreign reserves in supporting price and exchange rate stability and enhancing confidence in the national currency.”

The government advisor also noted that “this ratio, according to available data, remains in place, and the annual inflation rate has remained stable at around 4.5%. This indicates that the increase in the money supply has not yet translated into widespread inflationary pressures, reflecting the continued ability of monetary policy to absorb the effects of monetary expansion and maintain monetary stability.”

He added, “However, the continuation of this course for an extended period may entail increasing risks, as the repeated reliance on monetizing public debt through the central bank could lead to inflationary pressures in the future, or to a decline in the level of foreign exchange reserve coverage if oil revenues do not recover sufficiently.”

According to Saleh, the success of monetary policy in the next phase will depend, in coordination with fiscal policy, on its ability to maintain adequate foreign reserves, limit the continued expansion of monetary financing of the deficit, and rebuild the balance between public revenues and government spending as oil conditions improve.

Saleh concluded by saying that “the current increase in monetary issuance does not, in itself, represent an indication of a serious monetary or financial imbalance, but rather reflects an exceptional response to a temporary external financial shock. The final judgment on the soundness of this course remains linked to the sustainability of foreign reserves, continued control over inflation, and the government’s success in reducing reliance on monetary financing of the deficit as oil revenues recover. Therefore, the main challenge facing monetary policy does not lie in the size of monetary issuance itself, but rather in maintaining the efficiency of covering the money supply with foreign reserves and sustaining monetary stability in close coordination with fiscal policy.”

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REMOVING ZEROS TO WITHDRAW LOOTED FUNDS AND ADDRESS SALARY ISSUES… EXPERTS WARN AGAINST A “MAKEOVER”.

Economic and financial experts are discussing proposals to solve the liquidity crisis and salary delays plaguing Iraq, most notably changing the currency and removing zeros from the Iraqi dinar, or introducing additional denominations that correspond to the noticeable expansion in the size of the circulating money supply.

However, they agree on one point that confirms that these measures in economic equations are merely cosmetic solutions, “more like makeup,” that may treat the symptoms but not the causes of the problem. They warn that the large looted fortunes often do not remain in the form of local currency that can be traced, but rather have been converted into real estate, foreign assets, and accounts in safe financial havens, and are therefore immune to the government’s internal measures.

Financial expert Nabil Al-Abadi calls for the need to avoid treating the proposal to change the national currency as a purely technical or monetary measure, explaining that this issue reflects the depth of the structural crisis that the economy is suffering from, and cannot be a substitute for the required financial, monetary and economic reforms.

He adds in a statement to the official newspaper, which was followed by Network 964 , that changing the currency is not a solution in itself, but rather a mirror reflecting the state of the economy, warning against confusing the treatment of symptoms with the treatment of the causes of the problem.

Al-Abadi explains that removing zeros, as the most widely discussed scenario, essentially represents a reorganization of monetary units and a simplification of arithmetic and accounting operations, without necessarily meaning an increase in the citizen’s purchasing power or a rise in the real value of the currency. He points out that changing the currency cannot be dealt with as a tool to recover looted funds, but may turn into a double-edged sword in some contexts if it is not managed within a comprehensive reform system.

He warns that large looted fortunes often do not remain in traceable local cash, or have long since migrated to real estate, foreign assets and accounts in safe financial havens, indicating that their transformation makes them largely immune to any internal monetary measures.

He continues: “The biggest challenge in such measures is managing the transitional phase, especially with regard to psychological expectations in the market and the possibility of some traders and speculators exploiting the transition period to raise prices under various pretexts, which may lead to inflationary pressures and dissipate the expected administrative benefits of the process of removing zeros. He stressed that the success of any step in this direction requires the existence of solid monetary and economic stability before its implementation, and not considering it as a means to achieve that stability.”

He emphasizes that the essence of a currency’s strength is not related to its form or the number of zeros it contains, but rather to the strength of the institutions and the economy upon which it is based.

Al-Abadi makes any project to change the currency contingent on genuine financial reform that reduces chronic imbalances in the general budget, along with strengthening the independence of the Central Bank and ensuring its ability to manage monetary policy away from financial pressures, as well as building a productive economy capable of diversifying sources of income and generating foreign currency, explaining that a strong currency is a reflection of a strong economy and not its creator.

He concludes that addressing economic imbalances requires moving from superficial solutions to fundamental reforms that include public finance, the banking sector, production and investment, and diversifying revenue sources, noting that changing the currency without reforming these issues could turn into a costly and confusing procedure for the citizen and the market, without addressing the root of the economic problem.

Economic researcher Imad Al-Muhammadawi considers the proposal to change the currency or issue a new currency denomination to withdraw illicit funds from circulation a theoretically positive proposal, noting that it is insufficient to reduce corruption or compensate for the shortage of liquidity.

Al-Muhammadi explains that, from an economic standpoint, the problem is not the form of the currency, but rather how to convince those who possess large sums of money to disclose their source when exchanging it. He points out that if the currency is changed without strict banking and tax auditing procedures, those with illicit funds can exchange it like the rest of the citizens, and thus the main purpose of the project is lost.

He adds that there is no consensus with the proposal, for several reasons, foremost among them the hesitation that the procedure will turn into a tool for freezing legitimate funds if the specified and explained mechanisms for proving the source of funds are not followed, as well as the possibility of exploiting some loopholes by corruption networks to circumvent the change before it begins, accompanied by its impact on the monetary system of citizens, if it is done suddenly, not to mention the cost and complexities of currency replacement.

Turning these proposals into effective tools depends on them being accompanied by a system that requires large sums to be deposited in banks, their sources to be verified and linked to banking and tax data, with a time period granted for replacement, and serious work to uncover the source of the funds.

He points out that changing the currency, identifying illicit funds, and exchanging banknotes will not solve the crises unless it is accompanied by a regulatory system capable of uncovering the source of the funds and prosecuting their owners. He adds that it could be an opportunity to regulate monetary masses and bring funds circulating outside the banking system into the formal financial system by establishing clear and transparent rules.

He points out that the lack of consensus on the proposal does not mean its rejection, but rather requires the establishment of legal, banking and regulatory guarantees, and an integrated system to detect those who manipulate public funds and the corrupt, and to know the source of the funds before granting it legitimacy, stressing that if the conditions are met, the project will gain its importance and the purpose for which it was created.

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REFORMING THE DINAR BEGINS WITH THE ECONOMY, NOT THE BANKNOTES… WARNINGS ABOUT THE COST OF CURRENCY CHANGE

Experts warn that any change to the Iraqi currency without reforming the budget, the banking sector, and diversifying revenue sources could turn into a costly and confusing measure, stressing that the strength of the dinar is linked to the strength of the economy and the institutions on which the currency is based.

Financial and economic experts are discussing a number of proposals aimed at strengthening economic reform and modernizing the state’s financial and monetary structure, and at raising the efficiency of economic performance and developing monetary policy tools, including putting forward ideas and proposals related to restructuring the Iraqi currency and removing zeros from the Iraqi dinar, while others have proposed issuing new currency denominations that are compatible with current economic changes and the noticeable expansion in the size of the circulating money supply.

The proposals from experts and economic stakeholders came in the wake of the liquidity crisis the government is suffering from, which has caused delays in the distribution of salaries to public sector employees and affected the implementation of a number of projects, prompting the Minister of Finance to request that the House of Representatives host him in order to explain the repercussions of the financial crisis.

STRUCTURAL CRISIS

Financial expert Dr. Nabil Al-Abadi called for the need to avoid treating the proposal to change the national currency as a purely technical or monetary measure, explaining that this issue reflects the depth of the structural crisis that the economy is suffering from, and cannot be a substitute for the required financial, monetary and economic reforms.

Al-Abadi said that changing the currency is not a solution in itself, but rather a mirror that reflects the state of the economy, warning against confusing the treatment of symptoms with the treatment of the causes of the problem.

PURCHASING POWER

Al-Abadi explained that removing zeros, as the most widely discussed scenario, essentially represents a reorganization of monetary units and a simplification of arithmetic and accounting operations, without necessarily meaning an increase in the citizen’s purchasing power or a rise in the real value of the currency. He pointed out that changing the currency cannot be dealt with as a tool to recover looted funds, but may turn into a double-edged sword in some contexts if it is not managed within a comprehensive reform system.

The financial expert warned that large looted fortunes often do not remain in traceable local cash, or have long since migrated to real estate, foreign assets and accounts in safe financial havens, indicating that their transformation makes them largely immune to any internal monetary measures.

MANAGING THE TRANSITION PHASE

He added that the biggest challenge in such measures is managing the transitional phase, especially with regard to psychological expectations in the market and the possibility of some traders and speculators exploiting the transition period to raise prices under various pretexts, which may lead to inflationary pressures and dissipate the expected administrative benefits of the process of removing zeros, stressing that the success of any step in this direction requires the existence of solid monetary and economic stability before its implementation, and not considering it as a means to achieve that stability.

He stressed that the essence of a currency’s strength is not related to its form or the number of zeros it has, but rather to the strength of the institutions and the economy on which it is based.

CHRONIC DISORDERS

Al-Abadi made any project to change the currency contingent on genuine financial reform that would reduce chronic imbalances in the general budget, along with strengthening the independence of the central bank and ensuring its ability to manage monetary policy away from financial pressures, as well as building a productive economy capable of diversifying sources of income and generating foreign currency.

He explained that a strong currency is a result of a strong economy, not its creator. He concluded that addressing economic imbalances requires moving from superficial solutions to fundamental reforms encompassing public finances, the banking sector, production and investment, and diversifying revenue sources. He added that changing the currency without reforming these areas could become a costly and confusing measure for citizens and the market, without addressing the root of the economic problem.

ISSUANCE OF CURRENCY DENOMINATIONS

For his part, economic researcher Imad Al-Muhammadawi considered the proposal to change the currency or issue a new currency denomination to withdraw illicit funds from circulation a theoretically positive proposal, noting that it is insufficient to reduce corruption or compensate for the shortage of liquidity.

Al-Muhammadi explained that from an economic standpoint , the problem is not the form of the currency, but rather how to convince those who possess large sums of money to disclose their source when exchanging it. He indicated that if the currency is changed without strict banking and tax auditing procedures, those with illicit funds can exchange it like the rest of the citizens, and thus the main purpose of the project is lost.

He added that there is no consensus with the proposal, for several reasons, foremost among them the hesitation that the procedure will turn into a tool for freezing legitimate funds if the specified and explained mechanisms for proving the source of funds are not followed, as well as the possibility of exploiting some loopholes by corruption networks to circumvent the change before it begins, accompanied by its impact on the monetary system of citizens, if it is done suddenly, in addition to the cost and complexities of currency replacement.

The transformation of these proposals into effective tools depends on their being accompanied by a system that requires large sums to be deposited in banks, their sources to be verified and linked to banking and tax data, with a time period granted for replacement, and serious work to uncover the source of the funds.

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IRAQ: BETWEEN OIL WEALTH AND A LACK OF ECONOMIC VISION

Iraq possesses one of the world’s largest oil reserves, yet its economy continues to fluctuate and decline whenever oil prices fall or export volumes decrease. This paradox reveals that the problem lies not in the size of the wealth, but in how it is managed. The country remains dependent on oil as its primary source of revenue, accounting for approximately 90% of treasury receipts, while other productive sectors remain largely dormant.

In 2022, with the surge in oil prices, Iraq generated revenues exceeding $115 billion, among the highest in its modern history. This period could have been a springboard for building a diversified economy, but most of these funds went to operational expenses and salaries, while real investment remained limited. Following the decline in oil prices and export volumes, revenues fell again, and the economy returned to the same cycle, as the state had failed to develop alternative sources of income to protect it from the volatility of the global market.

Iraq today exports almost all of its crude oil, but in return, it imports thousands of goods that could be produced locally, from foodstuffs and electrical appliances to medicines, spare parts, building materials, and various manufactured products. This means that billions of dollars leave the country annually instead of being invested in factories, jobs, and domestic investment.

This is not the Iraq we knew in the past. It used to have an industrial and agricultural base capable of producing and exporting many products, but it has lost a large part of this capacity over the past decades, until importing has become the easier option, and production the more difficult one.

One of the most glaring examples of resource mismanagement is the associated gas sector. While Iraq flares large quantities of associated gas during oil extraction, it continues to import gas to fuel its power plants. If this gas were utilized domestically, it could power the plants, reduce the import bill, and establish petrochemical and fertilizer industries, as well as other gas-based projects. This would generate additional revenue and create thousands of jobs for engineers, technicians, and laborers.

Furthermore, restarting idle government factories and opening the door for the private sector to establish modern plants will give the Iraqi economy a real opportunity to recover. Instead of importing spare parts for cars and machinery, a large portion of these could be manufactured within Iraq. And instead of importing many medicines and medical supplies, national pharmaceutical companies could be supported to produce them locally according to international standards. Every product manufactured in Iraq means hard currency remaining within the country, a new company, new jobs, and industrial expertise that accumulates year after year.

No economic revival is possible without addressing the electricity crisis, as it is the backbone of any industry, agriculture, or investment. No factory can operate without a stable electricity supply, and no investor will risk their capital in an energy-poor environment.

Therefore, Iraq needs an integrated national vision in the energy sector, starting with investing in local gas to operate existing power plants, then expanding solar energy projects, not just importing solar panels, but establishing Iraqi factories to produce and assemble them locally, which would create a new industrial sector, provide thousands of job opportunities, and reduce the cost of projects in the future.

In the long term, Iraq could consider establishing a peaceful nuclear energy program for electricity generation, in accordance with international standards and under the supervision of the International Atomic Energy Agency. Peaceful nuclear reactors have become an important energy source in many countries and could form part of a future electricity mix for decades to come.

Building a strong economy is not achieved by increasing taxes or continuous borrowing, but rather by building a national industry, modern agriculture, stable energy, real investment in natural resources, encouraging the private sector, and fighting administrative and financial corruption that has drained billions of dollars and hindered the implementation of projects.

Iraq does not need to discover new wealth; it already possesses resources both above and below ground. What it needs is a courageous political and economic decision that will transform the country from an economy dependent on selling crude oil to one that produces, manufactures, and exports. When flared gas is converted into energy, closed factories into production lines, imports into domestic industries, and electricity becomes a source of stability rather than a constant crisis, only then can Iraq move towards a strong economy that guarantees the dignity of its citizens and the independence of its national decision-making, and transforms its resources into a source of development rather than a cause of perpetual crises.

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THE KURDISTAN REGION IS DEMANDING 14.1% OF THE FEDERAL BUDGET.

(Mnt Goat: Shame, shame on parliament for not passing the Oil and Gas Law. So, here we go again. More disputes on the proceeds from the oil. Who gets what and how much. This is a perfect example of what economic expert Ziad Al-Hashemi said on Tuesday August 4, 2026, article. See above article titled “AN ECONOMIST SAYS IRAQ HAS ENTERED A PHASE OF “PAYING THE PRICE” AS A RESULT OF ACCUMULATED MISMANAGEMENT AND CORRUPTION – URGENT”)

Channel 8 has obtained information indicating that the Kurdistan Regional Government has begun preparations for the 2027 budget and is seeking to increase the Kurdistan Region’s share from 12.6% to 14.1%.

The Kurdistan Region is demanding 14.1% of the federal budget based on the new population census.
The 2027 budget will include promotions and the hiring of 100,000 people. (these salaries could be private sector hiring off the govt payrolls, if they had gotten the economy going over the last 20 years.)
The Kurdistan Region’s requirements for salaries, investment, and oil expenditures amount to 25 trillion dinars.
Ministries have been instructed to submit reports on their expenditure and revenue estimates by the end of this week.

This step, based on the general population census data, is not limited to salaries, but also includes promotions that have been pending since 2016, as well as spending by oil companies and development projects in the provinces. A technical delegation is scheduled to visit Baghdad next month to confirm these demands.

The Ministries of Finance and Planning in the Kurdistan Region:
The call to increase the Kurdistan Region’s share of the Iraqi general budget to 14.1%.
The aim is to appoint 100,000 employees, including 81,000 contract workers and teachers who will be made permanent staff.

The federal government and the budget proposal

Iraq is preparing its 2027 budget with a new classification of revenues and expenditures that differs from what it was in previous years.

Although the Kurdistan Region’s budget has not been fully disbursed since 2014, Baghdad will only set a general classification of data for the coming year; in return, the Kurdistan Regional Government insists on the need to review government and provincial expenditures and provide the Kurdistan Region’s provinces with their share of the development and investment budget.

The financial allocations for promoting civil servants are estimated at 1 trillion and 150 billion dinars. Annual salary expenditures in the budget are set at 14 trillion dinars. The Kurdistan Region’s total share is 25 trillion dinars, including investments, oil revenues (petrodollars), and oil company expenditures.

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AL-ZAYDI DIRECTS THE ADOPTION OF PRE-AUDIT PROCEDURES FOR CONTRACTS AND THE DETECTION OF LOOPHOLES BEFORE THEY TURN INTO CORRUPTION.

Prime Minister Ali Faleh al-Zaidi directed on Tuesday the adoption of a pre-audit mechanism before signing contracts, while also calling for the identification of loopholes before they escalate into corruption cases.

The Prime Minister’s office stated in a press release received by the Information Agency that “al-Zaidi, during a meeting with the Federal Board of Supreme Audit and the Integrity Commission, directed the adoption of the principle of pre-audit for contracts before their signing, as a preventative measure aimed at addressing problems before they occur, because it represents a safeguard for institutions.”

According to the statement, al-Zaidi emphasized that “responsibility requires hard work, achievement, and fulfilling duties to the fullest extent,” stressing “the necessity for everyone to bear their legal and national responsibilities.”

He called on the Federal Board of Supreme Audit and the Integrity Commission to “act as the eyes of the state in discovering loopholes and addressing them before they develop into problems or corruption cases.”

In this regard, he directed the formation of a specialized team from the Federal Board of Supreme Audit to conduct pre-audit reviews of contracts within a period not exceeding ten working days. He also directed the establishment of ceilings and values for contracts subject to this type of review, ensuring both speed of execution and efficiency of oversight.

He emphasized the necessity for government contracts to be legally and technically sound and based on fair and reasonable prices. He explained that inflated costs are among the most prominent avenues for corruption, requiring a firm response while guaranteeing the implementation of projects according to the specifications and quality stipulated in the contracts.

He called for the consolidation of a preventative mindset in oversight work, alongside the traditional oversight role, affirming that the Federal Board of Supreme Audit and the Integrity Commission represent the state’s shield in protecting public funds and guaranteeing citizens’ rights—a national and ethical responsibility.

He emphasized “the importance of keeping the Federal Board of Supreme Audit free from any political considerations or quotas, and that the criteria of competence, integrity, professionalism, and impartiality should be the foundation of its work,” reiterating “the government’s commitment to providing all forms of support to the Board and the Integrity Commission to enable them to perform their duties efficiently and independently.”

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FACTIONAL WEAPONS OR “COLLAPSE”: AL-ZAYDI’S GOVERNMENT FACES AN IMPOSSIBLE EQUATION

The Italian ” Special Eurasia ” report highlighted Iraq’s transformation into a central arena for regional conflict, and painted a very pessimistic picture of the future of the Iraqi government under American pressure and Iranian influence.

The report, translated by Shafaq News Agency, concluded that Baghdad is experiencing a state of political and security paralysis between Washington’s demands to disarm the factions, and the Iranian influence that is deeply rooted within Iraqi political, security and economic institutions.

The Italian report considered Prime Minister Ali al-Zaidi’s demand to disarm the factions to be a strategic dilemma, because the government “does not have the military capability or sufficient political influence to carry this out without causing a widespread internal crisis.”

He pointed out that Washington has a financial pressure card through the American financial system and Iraqi accounts, while Tehran has countercards represented by the Strait of Hormuz and gas and electricity supplies.

He warned that Baghdad’s full compliance with US pressure could prompt Iran to use economic and energy tools to pressure the government, while rejecting US demands could lead to harsher sanctions or financial restrictions.

The report went on to say that attempting to disarm the factions by force could lead to a split in the military establishment, paralysis of parliament, and the fall of the government, due to the connection of some groups to political and economic networks within the state.

According to the Italian report, Iran is using Iraq as a strategic depth and an arena to absorb military pressures, and it may prefer a weak or paralyzed Iraqi government to one that is completely aligned with Washington.

He warned that cutting off US financial flows entirely could backfire, as it might push Iraq towards expanding non-dollar trade and relying more on the Iranian economy.

In conclusion, the report suggested that “if a diplomatic settlement is not reached,” the al-Zaidi government would face “the risks of political collapse, escalating internal conflict, and economic isolation” before the end of the year.

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IRAQ DECLARES “WAR” ON ARMED GROUPS OUTSIDE THE STATE

On Wednesday evening, the State Administration Coalition declared that entities engaging in behavior that threatens the country’s security outside the framework of official institutions are “outlaws and must be fought,” and warned that any armed activity after September 30, 2026, will be subject to the provisions of the Counter-Terrorism Law.

This came during the 37th periodic meeting of the coalition, which was held at the Government Palace in the presence of the President of the Republic, the Prime Minister, the Speaker of Parliament, the President of the Supreme Judicial Council, and the President of the Kurdistan Region, Nechirvan Barzani, along with the leaders of the forces affiliated with the coalition.

The State Administration Coalition was established on September 25, 2022, as a political umbrella that brought together the Coordination Framework, the Kurdistan Democratic Party, the Patriotic Union of Kurdistan, the Sovereignty and Determination Alliances, and the Babylon Movement.

The coalition paved the way for the formation of the government headed by Mohammed Shia al-Sudani in October of the same year, before it turned into a coordinating framework for the forces participating in running the country, holding periodic meetings to discuss political, security and economic issues and to follow up on the implementation of agreements and the government program.

The coalition said in a statement received by Shafaq News Agency that the meeting discussed the political, security, economic and service conditions in the country, in addition to regional developments and their repercussions on Iraq.

During the meeting, the Prime Minister reviewed efforts to enhance security and stability, improve services, and implement the ministerial program, as well as government measures to address economic and financial challenges, stressing that the interests of citizens are at the forefront of priorities.

The attendees affirmed their support for efforts to maintain security and stability and to restrict weapons to the state in accordance with the ministerial program that was voted on by the House of Representatives and became an effective law, and to prevent the use of Iraqi lands as a launching pad for attacks on neighboring countries or to drag Iraq into conflicts that do not serve the interests of its people, considering those who engage in behavior that threatens the security of the country as outlaws who must be fought in accordance with the articles of the constitution that prohibit the use of weapons outside the will of the state or the formation of any armed organization outside the official armed forces.

The attendees condemned the attacks on Iraqi armed forces units that resulted in the killing of a number of its members, calling for adherence to the deadline set for the confiscation of weapons, which ends on September 30, 2026.

The statement added that any armed activity outside the framework of the state after this date “will be dealt with in accordance with the counter-terrorism law.”

On the economic front, the meeting discussed the measures necessary to ensure the continuity of essential services and projects, diversify oil export outlets, enhance non-oil revenues, and combat waste, smuggling, and corruption.

The coalition affirmed Iraq’s support for efforts to promote calm and dialogue, and rejected the use of force in settling disputes, expressing Baghdad’s readiness to play a role in bringing together the views of the parties to regional conflicts in a way that preserves the security of the region and common interests.

The meeting also discussed developments in neighboring countries and ways to enhance border security, combat terrorism, drugs and organized crime, and develop Iraq’s foreign relations on the basis of mutual interests, respect for sovereignty and non-interference in internal affairs.

At the conclusion of the meeting, the State Administration Coalition called for expediting the formation of the government and sending the government program to the House of Representatives for discussion and approval.

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IN ITS REGULAR MEETING HOSTED BY PRESIDENT AL-ZAYDI, THE STATE ADMINISTRATION DECLARED THAT THOSE CARRYING WEAPONS OUTSIDE THE FRAMEWORK OF THE STATE WILL BE TREATED AS OUTLAWS.

On Wednesday evening, August 5, 2026, Prime Minister Ali Faleh al-Zaidi hosted the thirty-seventh periodic meeting of the State Administration Coalition, in the presence of the President of the Republic, the Speaker of Parliament, the President of the Supreme Judicial Council, the President of the Kurdistan Region of Iraq, and the leaders of the coalition from the Iraqi national forces, where the overall political, security, economic and service conditions in the country were discussed, as well as regional developments and their repercussions on Iraq.

At the start of the meeting, the Prime Minister reviewed the efforts to enhance security and stability, improve services, implement the ministerial program, and address economic and financial challenges, stressing that the government places the protection of citizens’ interests at the forefront of its priorities.

The State Administration Coalition affirmed its support for continuing efforts to maintain security and stability, and efforts aimed at restricting weapons to the state in accordance with the ministerial program voted on by the House of Representatives, which became an effective law, and preventing the use of Iraqi lands as a launching pad for attacks on neighboring countries or dragging Iraq into conflicts that do not serve the interests of its people.

The coalition considered that whoever engages in this behavior is committing a crime of threatening the security of the country, and will be among the outlaws who must be fought, in accordance with the articles of the constitution that prohibit the use of weapons outside the will of the state, or the formation of any armed organization outside the official armed forces.

(Mnt Goat:: it’s about time they follow their new constitution! Too bad it was the U.S. that has to come in and force it on them.)

While the attendees condemned the attacks on Iraqi armed forces units and the martyrdom of a number of its members, they called for adherence to the timelines for the steps to restrict weapons after September 30, 2026, after which any armed behavior outside the framework of the state will be dealt with according to the anti-terrorism law.

The meeting also discussed the economic and financial situation, and the need to take measures to ensure the continuity of basic services and projects, diversify oil export outlets, enhance non-oil revenues, and combat waste, smuggling, and corruption.

On the regional level, the meeting affirmed Iraq’s support for efforts to promote calm and dialogue in the region, its rejection of the use of force in settling disputes, and its readiness to play a positive role in bringing together the viewpoints of the conflicting parties, in a way that contributes to preserving regional security and protecting common interests.

The participants also discussed developments in neighboring countries, and stressed the importance of strengthening border security, combating terrorism, drugs and organized crime, and developing Iraq’s relations with neighboring, regional and international countries on the basis of mutual interests, respect for sovereignty and non-interference in internal affairs.

At the conclusion of the meeting, the coalition called for expediting the formation of the government and sending the government program to the House of Representatives for discussion and approval.

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WHAT HAPPENS TO IRAQ’S ARMED FACTIONS AFTER SEPTEMBER 30?

Any armed activity conducted outside state authority after September 30, 2026, will be prosecuted under Iraq’s anti-terrorism law, the State Administration Coalition (SAC) stated on Wednesday, describing parties that threaten national security as outlaws who must be confronted.

The coalition, which brings together the country’s main Shiite, Sunni and Kurdish blocs, linked the position to its commitment to placing all weapons under exclusive state control, and expressed support for restricting arms to the state under a ministerial program that parliament has approved and that is now in force as law.

The September 30 date corresponds to a government timetable to bring all arms under state control, a process that coincides with the scheduled end of the US-led Global Coalition mission in Iraq. Iranian-backed factions, many of them formally part of the Popular Mobilization Forces (PMF), an umbrella of predominantly Shiite armed groups, are the principal focus of that effort.

What The Anti-Terrorism Law Defines

Iraq’s Counter-Terrorism Act, Law No. 13 of 2005, defines terrorism as any criminal act committed by an individual or an organized group that targets people, or official or unofficial institutions, and that damages public or private property with the aim of undermining security, stability or national unity, spreading terror among the population, or fomenting chaos for terrorist ends. The law was promulgated by the Presidency Council under the Law of Administration for the State of Iraq during the Transitional Period, the framework that governed the country at the time.

Article 2 enumerates the acts the law classifies as terrorism. They include violence or threats intended to spread terror or endanger lives; deliberate sabotage or seizure of public buildings, state institutions and public facilities; organizing or leading an armed terrorist group; and using violence to provoke sectarian strife or civil war by arming, inciting, or financing others.

The same article covers armed attacks on the army, police and security services; armed attacks on embassies, diplomatic premises and foreign or international organizations operating in Iraq; the use of explosive, incendiary, chemical, biological or radioactive materials to kill or to spread terror; and abduction or unlawful detention for political, sectarian, national, religious or material ends.

A separate provision classifies certain acts as crimes against state security, among them attempts to overthrow the constitutional system by force, armed confrontation with state forces, and instigating armed insurrection.

Penalties

Under Article 4, anyone who commits, as a primary perpetrator or accomplice, any of the terrorist acts set out in the law is subject to the death penalty. The same penalty applies to anyone who incites, plans, finances or enables such acts. Anyone who intentionally conceals a terrorist act or harbors a person who has committed one is subject to life imprisonment.

The law exempts from punishment anyone who alerts the authorities before a crime is discovered or during its planning, where the information helps arrest the perpetrators or prevent the act, and it provides a reduced, custodial sentence for those who cooperate afterward in a way that leads to other participants’ arrest. Funds and materials linked to an offense are confiscated, and offenses under the law are classified as ordinary crimes of moral turpitude.

The government’s timetable to place all weapons under state control runs to September 30, after which SAC said armed activity outside state authority will be handled under the anti-terrorism law.

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CHANGING THE UNIFORMS, RANKS, AND INSIGNIA OF THE POPULAR MOBILIZATION FORCES… TRANSFERS AND RETIREMENTS BY LOTTERY AND 5 DECISIONS BEFORE BAGHDAD

Informed sources told Network 964 that Prime Minister Ali al-Zaidi’s committee for weapons control is engaged in extensive discussions addressing five key issues:

1.changing the Popular Mobilization Forces’ uniform and providing them with new clothing, insignia, and ranks to give them a different “visual identity”;

2.retiring older members of the Popular Mobilization Forces and integrating army officers into their ranks;

3.redefining the security tasks of the Popular Mobilization Forces and their deployment map; and

4.redistributing fighters among brigades and governorates by entering personnel data into a system similar to an electronic lottery,

5.transferring them between new brigades so that the old brigades do not remain in one human mass, and then a real link can be established with the leadership of the armed forces, not with the leadership of the formations that emerged during the war against ISIS.

According to the sources, the head of the Badr Organization, Hadi al-Amiri, who plays a major role in calming tensions between the government and the factions (and who commands more than 20 brigades in the Popular Mobilization Forces), held a meeting with a number of brigade commanders. During the meeting, they discussed developments related to the next phase and the nature of the changes that could affect the work of the formations.

A new visual identity:

On another front, the meetings, according to sources, discussed the possibility of formulating a new visual identity for the Popular Mobilization Forces in the next phase, including uniforms, badges, general appearance, and naming, within a framework intended to move from the image of formations that emerged during the war to an official security institution with a clear structure and a single military reference.

Crowd algorithm

A security source said that “one of the most prominent proposals is to redistribute field fighters among brigades and formations, instead of keeping individuals within cohesive human groups that were formed during the years of the war on ISIS, and which still follow well-known political and religious leaders, with the aim of building more integrated formations that are less connected to the previous leadership, while keeping employees and administrators within their career paths according to the needs of the new institution.”

The sources say that “the idea under study is based on entering the data of field fighters into an electronic system, and then conducting a new distribution according to criteria determined by the institution, including the governorates, the numerical need, and the nature of the tasks, which allows for the restructuring of the brigades in a different way from the current map, and at the same time limits the fighters remaining within closed groups linked to one leader or one region.”

She adds that “the discussion is not only about the fighters, but extends to the form of leadership itself, as the inclusion of officers from the military establishment within the structure of the Popular Mobilization Forces was discussed intensively and clearly, and the expansion of the presence of military specialties in the command centers, which may gradually change the nature of brigade management and the mechanisms for issuing orders and deployment.”

According to the sources, “among the proposals is the preparation of a new structure for ranks and leadership positions, and the reassessment of the ages of affiliates, with those who have exceeded the age or the required conditions being referred to retirement according to legal mechanisms, in exchange for opening the way for new generations of officers and affiliates.”

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EXCLUSIVE: FACTIONS SET FOUR CONDITIONS FOR FREEZING THEIR RESPONSE TO SAUDI ARABI

An informed source revealed on Thursday that the armed factions have “temporarily” frozen their decision to respond to Saudi Arabia, and have put forward their demands, which include an official apology and compensation from Saudi Arabia, otherwise they will proceed with a response.

The source told Shafaq News Agency that “the factions that threatened to respond to the Saudi bombing that targeted a number of Popular Mobilization Forces headquarters in some provinces have frozen their decision to respond, and have made its implementation or non-implementation contingent on the extent of Saudi Arabia’s response to the event.”

He added that “the demands of the factions include Saudi Arabia acknowledging that it made a mistake in the bombing and paying financial compensation to the families of the victims, in addition to granting compensation for the damages inflicted on public property, and calming the Saudi media discourse against the factions in general, otherwise the factions will respond.”

This afternoon, the Security Media Cell announced on Thursday that it had raised the security readiness and combat preparedness in Iraq.

The cell said in a statement received by Shafaq News Agency: “Under the direction of the Commander-in-Chief of the Armed Forces, it was decided to raise the level of security readiness and combat preparedness of the security and military forces, including the implementation of training exercises and troop movements.”

She added, “This is within the framework of maintaining the high level of readiness of all security forces formations and enhancing their ability to perform their duties, which contributes to consolidating security and stability and protecting citizens and public interests.”

Regarding the position of the factions and their conditions, political researcher Ghaleb Al-Daami believes that “there is an Iraqi-Saudi rapprochement, and a genuine desire between the two countries to improve political, economic and security relations, including that Iraq should control weapons and not allow them to be directed against any Arab country.”

Al-Daami continues, during his interview with Shafaq News Agency, that “the conditions of the factions are not governmental, but rather they are from parties outside the state system and have no relation to the political system, and therefore they are not acceptable, because such matters are resolved only through the state, and Iraq has economic relations and common interests with Saudi Arabia in addition to oil and energy files, which the Prime Minister will discuss with Saudi officials during his upcoming visit.”

Prior to the official statement, a security source told Shafaq News Agency that orders had been issued by senior leaders to raise the level of readiness among the various branches of the security and military forces throughout Iraq.

The source said the orders included cancelling the leave of commanders and officers and keeping them on high alert. She added that the precautionary measures coincide with the end of a deadline set by armed factions for the Iraqi government to take a position on Saudi Arabia, as well as preparations to carry out new arrests of those accused in corruption cases.

According to the sources, raising the level of preparedness is also linked to the decision taken by the State Administration Coalition regarding restricting weapons to official institutions and ending the activity of armed factions by September 30.

On Wednesday evening, the State Administration Coalition declared that entities engaging in behavior that threatens the country’s security outside the framework of official institutions are “outlaws and must be fought,” warning that any armed activity after September 30, 2026, will be subject to the provisions of the Counter-Terrorism Law.

On July 29, groups calling themselves the “Iraqi Resistance” announced that they had given the Iraqi government a deadline, ending this Thursday, to take action against Saudi Arabia, following accusations that it had targeted headquarters belonging to armed factions, threatening to retaliate if Baghdad did not take a stand.

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GLOBAL FINANCE AWARDS AN IRAQI BANK A GLOBAL PRIZE IN RECOGNITION OF ITS PERFORMANCE

The National Bank of Iraq announced on Monday that it had won the “Best Bank in Iraq for 2026” award, granted by the international magazine “Global Finance”, as part of its annual Best Bank Awards 2026 , which honors the most distinguished banking institutions worldwide.

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IN LIGHT OF THE LIQUIDITY CRISIS… WHY DOESN’T IRAQ RESORT TO PRINTING MORE CURRENCY?

(From February 11, 2025)

Iraq is facing increasing challenges due to the scarcity of cash liquidity, which negatively affects the markets and daily financial transactions. While some are looking for quick solutions to overcome this crisis, the option of printing more local currency remains controversial, given the serious economic repercussions that may result from it.

The Iraqi government faces challenges in managing cash liquidity in dinars, as it suffers from a chronic shortage of this currency, which affects its ability to meet its financial obligations to pay employee salaries, repay debts, and finance projects.

Since the 1990s, and specifically during the period of the economic blockade, Iraq has witnessed hyperinflation in its national currency (the dinar). This situation prompted the ruling regime at the time to take the decision to print the currency locally.

After 2003, the previously circulating currency was disposed of, new denominations with updated designs were issued, and the exchange rate of the Iraqi dinar was fixed against the US dollar based on a decision by the then civil governor of Iraq, Paul Bremer, who in turn announced the details of the new currency and its official exchange rate.

Iraq currently has a range of paper denominations that cater to various daily transactions, starting from small denominations such as 250, 500 and 1,000 dinars, all the way to larger denominations such as 5,000, 10,000, 25,000 and even 50,000 dinars that are used in major transactions.

Where is the Iraqi currency printed?

On January 19, 2025, the Central Bank of Iraq revealed new security features on circulating banknotes, with the aim of reducing counterfeiting and protecting the national currency.

According to economic observers, the Central Bank has included these signs in the new banknotes to raise awareness among the public, companies and banks alike.

A source in the Central Bank of Iraq spoke about details related to the process of printing Iraqi banknotes, indicating that “the currency was previously printed in Switzerland, but the printing is currently done at the British Institute in London,” which is considered one of the most prominent institutions specialized in printing currencies globally.

In an interview with Al-Jabal platform, the source explained that “Iraqi banknotes are manufactured according to high-quality specifications, aiming to prevent their rapid damage and ensure their ability to withstand daily use for long periods, through the use of modern materials and technologies that increase their lifespan.”

According to the same source, “the cost of printing one banknote ranges between 4 and 5 US cents, a cost that includes the use of the latest security technologies to prevent counterfeiting,such as watermarks, optically variable inks, and security threads.

In contrast, the Central Bank confirms that currency printing operations are subject to strict standards to ensure their quality and durability. The design of banknotes is also updated from time to time according to technical and security needs, to ensure the currency is protected from counterfeiting and improve its technological properties.

An option on the government’s table

In addition, Mazhar Mohammed Saleh, the economic advisor to the Iraqi Prime Minister, says, “Financing the deficit in the general budget through the issuance of cash is a cautious approach, but it remains a possible option in light of the availability of high foreign reserves, capable of covering the money supply of the national currency by no less than 75%.”

Saleh added, during his interview with the “Al-Jabal” platform, that “resorting to this method is temporary and periodic, as 40% to 50% of the issued cash is directed towards internal transactions, not just external transactions, which makes it an available option when needed, provided that the coverage rate remains high according to the mentioned standards.”

Saleh continues his talk by saying: “The monetary policy in Iraq is proceeding according to balanced standards with the fiscal policy, and is consistent with the cycle of oil assets. In the event that oil prices fall to low levels, it is possible to resort to financing the deficit by borrowing from banks and deducting the borrowings from the monetary issuance authority, provided that the coverage equation is maintained until the end of the cycle of falling prices.”

Saleh points out that “the decline in oil prices to below their real value in energy markets is not unusual, and it happens sometimes, which requires dealing with it through balanced monetary and financial mechanisms to ensure the stability of the national economy.”

It is noteworthy that the Central Bank of Iraq issued, in 2018, a second edition of banknotes in denominations (25,000, 10,000, 1,000, 500, 250).

The Central Bank also previously added some technical and technological updates to the 2003 issue for all types of local currency, except for the (50) dinar category, which was withdrawn from circulation in 2015, while at the end of 2015 it issued the (50,000) dinar category to complete the current series in circulation.

Pros and cons of printing

In this regard, financial expert Jalil Al-Lami said, during his interview with Al-Jabal platform, that “the issue of printing local currency is one of the most sensitive economic policies, given its direct impact on the financial and economic stability in the country.”

Iraq, according to Lami, sometimes faces cash liquidity crises due to economic and political challenges. Technically, it can resort to printing currency to cover the deficit, but this does not depend only on technical capacity, but is subject to complex economic determinants such as the level of foreign exchange reserves, the monetary policy of the Central Bank of Iraq, and general economic stability.

Al-Lami added that “the Central Bank of Iraq, as the only body authorized to issue the currency, adheres to strict standards to ensure that it does not harm the national economy,” warning against “unstudied monetary expansion, which could lead to dire economic consequences.

Regarding the positives of printing currency, Al-Lami reviewed some of the potential positives of printing currency, including providing quick cash liquidity, which helps finance salaries and projects and pay urgent obligations, in addition to supporting the economy in crises such as wars or epidemics, in addition to stimulating local demand by increasing the money supply.

Regarding the negatives of printing currency, Al-Lami believes that it may lead to hyperinflation, as when currency is issued without real economic cover, it leads to an uncontrolled rise in prices, in addition to a loss of confidence in the national currency, in addition to the deterioration of the exchange rate as a result of the increase in the money supply without sufficient economic support, and the gap between wages and prices may widen.

Al-Lami suggested a number of sustainable solutions that could help Iraq confront liquidity crises without resorting to printing currency, including “reforming the tax system by improving tax collection and reducing tax evasion to increase government revenues and diversify sources of income, in addition to internal and external borrowing and reducing unnecessary expenses.”

Other proposals, according to Al-Lami, include “enhancing foreign investment and reforming the financial and banking sector.”

The former governor of the Central Bank, Mustafa Makhif, announced in 2022 that “the bank is working on completing a new denomination worth 20,000 dinars based on a study and comparative research with neighboring countries, and is working on completing the shape of the note and it will be announced in the coming days.”

At the time, he also spoke about the “issue of deleting zeros from the local currency,” and stressed that “the process of deleting zeros from the currency requires enacting a law and making some amendments.”

Numbers and statistics

The Iraqi government decided to change the exchange rate of the Iraqi dinar against the US dollar in 2020, as the price was adjusted from 1,182 dinars per dollar to 1,450 dinars per dollar.

This decision sparked widespread popular discontent, especially after the prices of food and all commodities in the markets witnessed a significant increase, and this change was confirmed in the federal budget approved by the Iraqi Council of Representatives on March 31, 2021.

Data from economist Nabil Al-Tamimi indicate that printing any currency clearly contributes to increasing inflation, as the increase in the volume of cash in circulation leads to an increase in prices. Therefore, countries are keen to avoid printing money to cover the deficit in their budgets except in limited and studied proportions, through which they try to achieve a balance between the volume of cash circulation and economic activity, i.e. the gross domestic product, which is known as natural inflation.

Al-Tamimi continued, in his interview with Al-Jabal platform, saying: “In some cases, monetary authorities may resort to withdrawing part of the cash and drying up the markets to control inflation, despite the economic slowdown that may result from that.”

According to Al-Tamimi, “Increasing the volume of printing leads to an increase in demand for hard currency, especially in countries that depend on importing goods and services, such as Iraq. The more local currency in circulation in dinars, the higher consumer spending, and most of this spending goes to imported goods and services that are paid for in foreign currency, which leads to an increase in demand for the dollar.”

In a free market, Tamimi said, “this could lead to fluctuations in the exchange rate, but if the central bank intervenes through a currency auction, the daily sales volume will increase to maintain monetary stability.” Data indicates that the Iraqi central bank’s dollar sales have reached about $300 million a day, compared with about $180 million a day in previous years.

He added, “The Central Bank of Iraq relies on its foreign currency reserves on government revenues from oil sales, which change according to the fluctuations of the oil market, as the reserve ranges between 50 and 100 billion dollars. To ensure monetary stability, the Central Bank’s accounts must be based on the minimum reserve, i.e. 50 billion dollars, to cover imports and control local demand for hard currency at approximately this level.”

Al-Tamimi concluded his speech by saying, “The period from 2003 to 2019 witnessed a relatively balanced monetary policy regarding printing currency, as the total issued currency during this period amounted to about 55 trillion dinars. However, the monetary policy during 2020 and 2021 led to clear inflation, with the volume of issued currency doubling to more than 100 trillion dinars. This was reflected in a significant increase in prices, as the inflation rate reached about 15%.”

Many years ago, the Director of Issuance at the Central Bank, Ihsan Al-Yasiri, said, “The Central Bank of Iraq prints a thousand 25,000-dinar notes in the most reliable international companies at a cost of less than $60,” noting that “the bank will not spend a large amount of cash to print the new banknotes, because their cost is low.”

(Yes, so you just heard it “the bank will not spend a large amount of cash to print the new banknotes, because their cost is low.” So no more excuses as to why you can’t do the Project to Delete the zeros due to a high cost of printing the new lower denominations, which we know are partly already printed anyhow.)

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AN IMMINENT PROCESS TO CHANGE THE SKIN OF THE IRAQI DINAR.. REMOVING ZEROS WILL REVEAL THE EXTENT OF CURRENCY MANIPULATION

September 24, 2024

(Here we go again. Another article outlining yet another opinion from an economists. Do they even know the entire plan and process to get the reinstatement of the IQD and the necessity of conducting the swap out?)

Government advisor: It must be preceded by political and economic stability.

There has been talk once again about the possibility of removing zeros from the local currency, as the government is studying a bold option of changing the Iraqi dinar to its skin. Although this step carries promises of simplifying financial transactions, it raises concerns about its effects on the economy and citizens, especially in light of the inflation that the markets have been witnessing for a long time .

During the current month, the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, revealed new information regarding the project to delete zeros in Iraq, indicating that “the project is undergoing continuous review and study, taking into consideration the existence of an issued currency volume that has exceeded 100 trillion dinars, after it was 6 trillion in 2004. ”

Many countries take the step of removing zeros from their currency to revalue their national currency , and facilitate financial transactions by removing a certain number of zeros from the nominal value of the currency, making it appear less inflationary and more stable .

60 countries experience

“Removing zeros from the local currency is a process that has taken place in more than 60 countries over the past years,” said Mazhar Mohammed Saleh, the Prime Minister’s financial advisor. “This step comes after economic inflation occurs in countries, and therefore they resort to deleting zeros in order to keep up with prices in the markets,” he explained.

In an interview with Al-Jabal, Saleh continued, saying, “The abundance of zeros has doubled the monetary value of the currency now,” adding, “Political and economic stability must be achieved before resorting to deleting zeros.”

(Really, “must be achieved”? Hasn’t Iraq already achieved the necessary stability on all fronts? Parliamentary Finance Committee member MP Jamal Kojer, said in an interview with “Al-Sabah” followed by “Al-Eqtisad News”, downplayed concerns about the decline in oil prices on the economic reality, stressing that Iraq’s financial and economic conditions are good, and that revenues exceed the size of concerns resulting from the possibility of a decline in global oil prices. Go read the entire article below titled “PARLIAMENTARY FINANCE: IRAQ IS EXPERIENCING GOOD AND STABLE ECONOMIC CONDITIONS”. These economists need to start changing their perception of Iraq’s reality.)

According to Saleh, the process of deleting zeros will facilitate the financial trading process, in addition to facilitating the calculations, and will not affect the value of the currency and all goods in the market, pointing out that this process will also allow the issue of trading small currencies in the markets, which supports the poor class of society .

The Iraqi Council of Ministers (February 7, 2023) approved the decision of the Board of Directors of the Central Bank to adjust the exchange rate of the dollar against the dinar, equivalent to 1,300 dinars per dollar, after it was 1,480 dinars per dollar, which, according to observers, caused a significant decline in the value of the Iraqi dinar in the markets .

What about the value of the dinar?

In this regard, financial expert Mahmoud Dagher told Al-Jabal, “There is a high committee formed within the Central Bank that is continuing discussions and studying the deletion of zeros from the local currency of Iraq,” indicating that “the numbers on the currency have become very large, which is the main reason behind this process.”

Dagher, a candidate for a senior position at the Central Bank, added, “The most prominent positive aspect of removing zeros from the currency is strengthening the psychological aspect of the currency by reducing the volume of transactions,” adding, “Removing zeros does not change the value of the money nor does it affect the volume of demand and the monetary mass.”

” Iraq currently has a currency issue exceeding 100 trillion dinars,” said Dagher, who pointed out that “there is a negative point resulting from this process, which is the large financial costs to cover this process, and therefore the committee needs to study all economic aspects before making the final decision.”

According to Dagher, changing the currency will lead to the Central Bank controlling the amount of cash liquidity outside the banking system and knowing the amount of currency available, stressing that this process will work to uncover manipulation, financial theft, and other things .

According to the circulated data, the foreign reserves of the Central Bank of Iraq cover 83.62% of the broad money supply, which is enough to cover the cost of imports for 15 months, while the global standard rate is 20 %.

EXPECTED EFFECTS

According to the specialists’ view, the process of deleting zeros from the Iraqi local currency has many positives, as well as negatives, which can be summarized as follows :

The positives include: First: Simplifying calculations, as removing zeros will contribute to simplifying calculations and facilitating dealing with money .

Second: Improving the image of the currency, as deleting zeros may give the impression that the Iraqi currency has become more stable and stronger .

Third: Attracting investments, as this process may encourage investors to invest their money in the Iraqi economy .

As for the negatives:

First: High costs, as implementing this project requires large costs to change banknotes and coins, and update electronic payment systems .

Second: Temporary confusion, as citizens may face some confusion in the first period after implementing the decision .

Third: The reform is not sufficient, as deleting zeros is only one of many measures necessary to achieve economic stability .

Steps to strengthen the dinar

In this regard, Drid Al-Shaker Al-Anzi, an economic expert, told Al-Jabal, “The Central Bank’s attempts to improve the reality of the local currency are many, but they always come to no avail.”

The Central Bank owns about $115 billion, 140 tons of gold, in addition to $43 billion in central treasury bonds, and $36 billion accumulated in savings at the Federal Reserve deposited in (JP Morgan), but they “did not and will not affect the strength of the Iraqi currency,” according to the economic expert .

(I have to ask why not? Still 1/6 of a penny? What is going on here?)

Al-Anzi believes that “linking the Iraqi currency’s evaluation completely to the dollar through negotiations with the US Federal Reserve will allow for improving the strength of the Iraqi dinar,” stressing that this step will make the Iraqi dinar “stronger than the Jordanian dinar . ”

Al-Anzi points out that “the step of deleting zeros is not useful in improving the value of the Iraqi dinar compared to the countries of the region,” considering that “it is a step that will only change digital transactions and has no positive value .”

(Al-Anzi forgets that if you revalue the currency and reinstate it, you must redenominate as there is no other choice. He does not understand the entire picture. He is only thinking about inside Iraq and not the entire process.)

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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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  1. Robin says:
    
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March 15, 2023 at 7:17 am

Do have information about your Gasthaus? When the iqd ris, I will be traveling some and would like to visit or stay at your Gasthaus. I have have family in Germany that need to visit as well.
Thanks Soo much for your insight and these newsletters.

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wciappetta says:

March 15, 2023 at 7:45 am

When comparing the first 4 currencies value, you might want to also mention that these are all 1000
unit currencies just like Iraq. It’s kind of a brotherhood of currencies. I find that there are really two monetary systems in the Middle East. A one-hundred-unit system and a 1000-unit system with
the 100-unit system being roughly 1/10 in relationship to value. All 1000-unit currencies in the M.E. exceed a dollar. Ultimately Iraq will shortly join the club. You rightly point out that Iraq’s natural resource wealth exceeds them all, thus I believe the Kuwaiti exchange rate range is Iraq’s historic and near future destination.

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March 16, 2023 at 1:41 pm

Did a new newsletter come out to day 3 16 23

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March 16, 2023 at 9:30 pm

Dear MNT GOAT,

We literally have no idea about all the work that goes into each newsletter. Thank you so very much for everything you do and your willingness to keep doing this every Tuesday and Thursday. For us, it’s just twice a week, for you and your family I’m sure it’s 7 days a week. THANK YOU!

Your patience helps me to be patient as we deal with everyday life all the while dreaming of a life after the RV. We are in it for the long haul.

For the longest time I thought I needed to get a FOREX account, then recently, after I slowed down to read more carefully, to understand better. It dawned on me that I didn’t need that account, I just need it to be listed on FOREX and then just go to the bank to exchange.

With that in mind, thank you for the information you provided on Feb 14. I always thought this was only for the “early birds”.

I’m slowly figuring out what I need to do concerning taxes, accounting and all that planning.

What I would like to know, is it that simple?

You said…
“The banks will not volunteer this opportunity to you and you will have to ask for it.”

Knowing you, as much as we can by reading your newsletters, you always speak the truth!

(I hope the following question isn’t considered “tax advice”, because I don’t. I just want to know what the government is allowing in this situation.)

When I go to the bank, Do I ask to purchase…
“Oil credits from the US Treasury”?
“Contract rate”?
“Future oil credits”

Under this “oil credit/contract rate/future oil credit” agreement, is the limit per person or per household? Can I take advantage of this and then my wife do the same?

I know it sounds like I want to double dip but all I want to do is take advantage of what’s available and legal.

If you have covered this in a newsletter and I missed reading that part please forgive me.

Thank you,

Ed

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bonorules123 says:

March 17, 2023 at 4:31 pm

Hi Mountain Goat!! Are you excited? I sure am and so appreciate all that you do!!

I have to ask you if my thinking is correct… I sometimes check out the other guru sites to get a laugh. One thing I am laughing about is Frank26 and his so called “ATM machines have been loaded with the smaller denominations but that citizens of Iraq cannot access them.” Not sure how that works. With my small brain I kinda think that is not logical. I have never gone to a bank machine or ATM to have that machine tell me I cannot get this bill or that bill… just sound strange to me. May I ask for your thoughts on this.

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porn says:

March 17, 2023 at 7:05 pm

Very nice post. I just stumbled upon your weblog and wished to say that I have truly enjoyed surfing around your blog posts. In any case I will be subscribing to your rss feed and I hope you write again soon!

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Rodney Heimer says:

March 21, 2023 at 10:10 am

Thanks for teaching us so much about this investment thru the years! Can you give an address where I can send money thru Venmo? I use to send thru PayPal but they closed my account. Please let me know!

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Daryl says:

March 22, 2023 at 11:05 am

I want to personally thank you for all that you do. You have taken time “out of your day”, for many years. I’ve been following you and doing my own research which backs your own, since the days of “Dinar Recap”. WHEN we go to the banks, I already have a trip planned to visit the birthplace of my great grandfather, and home to my bloodline in Westerkapplen, Germany. It would be awesome to be able to meet you and spend some of that “tourist money” lol.

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Jameson says:

March 22, 2023 at 11:41 am

If there are 70 Trillion dinars in circulation, that is 70 Trillion dollars at 1:1.

Where will this money come from? The US is a circa 15T economy.

Something doesn’t add up.

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wciappetta says:

March 22, 2023 at 9:21 pm

The rate has not yet changed and anyone can check the CBI site. The rate is currently 1310. Last time the rate changed the CBI site was the first show it and all the news outlets mentioned it. The report simply reversed two digits in all cases. You’re jumping the gun here. There will be another change and we will find ourselves at 1000, then the magic starts. I don’t expect this posted however it would be nice if you corrected the mistake.

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ABOUT THE NEWSLETTER:

August 18, 2026 Mnt Goat News Brief

Is Iraq about ready to remove the zeros or not?

GIVE A GIFT TO MNT GOAT

Let’s all try to chip in!

Proverbs 11:25

“Whoever brings blessing will be enriched, and one who waters will himself be watered.”

STATUS OF THE RV

A CONVERGENCE OF EVENTS:

UPDATE: On Disarming Militias and Factions

SUMMARY

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!

Prophetic Words from the prophets: Julie Green

“Big Exposures Are Coming And Big Changes Are On The Horizon“

“Liars Are Being Exposed“

IS THERE REALLY FAKE NEWS?

Fr. DON BOSCO EXPOSED THE DARK SECRET BEHIND ISLAM

FAUCI MADE 4 MISTAKES WHILE PLEADING 5TH’

FAUCI HIT WITH SUBPOENAS FROM MULTIPLE STATES

FAUCI AND HIS COUNTERPARTS GOE MUCH DEEPER THAN JUST THE COVID VIRUS

IT’S SATURDAY AUG 8TH, THE SAVE ACT IS SUDDENLY MOVING AGAIN…..its not over until its over….

DR. FAUCI HELD IN CONTEMPT OF SENATE, WHAT NEXT?

DEMOCRAT PARTY STRATEGY: CREATE CHAOS GOING INTO MIDTERMS

POLITICAL BATTLE IS TEARING THROUGH THE DEMOCRATIC PARTY

CHILLING WARNING ABOUT DEMOCRAT SOCIALISM

HISTORIC LOWE & FARAGE PACT?

NOT COMPATIBLE WITH WESTERN WORLD VALUES

SENATE EXAMINES ALLEGED MUSLIM BROTHERHOOD NETWORK IN AMERICA

IRAQ REGAINS ITS SEAT AT THE WORLD TABLE… BAGHDAD IS ADVANCING IN ARAB DIPLOMACY AND INTERNATIONAL PARTNERSHIPS

AL-MOUSSAWI CRITICIZES RESORTING TO AMERICAN COMPANIES, SAYING IT WILL TIE THE IRAQI ECONOMY TO THE UNITED STATES.

IRAN: OUR RELATIONS WITH IRAQ ARE AT THEIR BEST, AND COOPERATION INCLUDES THE ECONOMY, SECURITY, AND BORDERS.

CURRENCY PRINTING IS KNOCKING ON IRAQ’S DOOR… WARNINGS OF AN ECONOMIC CATASTROPHE

80% OF MONEY IS OUTSIDE BANKS… FORMER MP CALLS FOR A NEW STRATEGY TO ATTRACT HOARDED FUNDS

THE CURRENCY ISSUED IN IRAQ ROSE TO 113.6 TRILLION DINARS BY THE END OF LAST MAY

COULD RAISING THE DOLLAR EXCHANGE RATE BE A WAY TO SECURE SALARIES?

AN ECONOMIST SAYS IRAQ HAS ENTERED A PHASE OF “PAYING THE PRICE” AS A RESULT OF ACCUMULATED MISMANAGEMENT AND CORRUPTION – URGENT

80% OF MONEY IS OUTSIDE BANKS… FORMER MP CALLS FOR A NEW STRATEGY TO ATTRACT HOARDED FUNDS

MP PROPOSES DIGITAL DINAR TO FIX IRAQ’S CASH SHORTAGE

THE MINISTRY OF FINANCE IS CONSIDERING THREE OPTIONS TO OVERCOME THE EMPLOYEE SALARY CRISIS.

DOES THE INCREASED MONEY SUPPLY THREATEN THE STABILITY OF THE IRAQI ECONOMY? AL-ZAYDI’S ADVISOR EXPLAINS.

REMOVING ZEROS TO WITHDRAW LOOTED FUNDS AND ADDRESS SALARY ISSUES… EXPERTS WARN AGAINST A “MAKEOVER”.

REFORMING THE DINAR BEGINS WITH THE ECONOMY, NOT THE BANKNOTES… WARNINGS ABOUT THE COST OF CURRENCY CHANGE

IRAQ: BETWEEN OIL WEALTH AND A LACK OF ECONOMIC VISION

THE KURDISTAN REGION IS DEMANDING 14.1% OF THE FEDERAL BUDGET.

AL-ZAYDI DIRECTS THE ADOPTION OF PRE-AUDIT PROCEDURES FOR CONTRACTS AND THE DETECTION OF LOOPHOLES BEFORE THEY TURN INTO CORRUPTION.

FACTIONAL WEAPONS OR “COLLAPSE”: AL-ZAYDI’S GOVERNMENT FACES AN IMPOSSIBLE EQUATION

IRAQ DECLARES “WAR” ON ARMED GROUPS OUTSIDE THE STATE

IN ITS REGULAR MEETING HOSTED BY PRESIDENT AL-ZAYDI, THE STATE ADMINISTRATION DECLARED THAT THOSE CARRYING WEAPONS OUTSIDE THE FRAMEWORK OF THE STATE WILL BE TREATED AS OUTLAWS.

WHAT HAPPENS TO IRAQ’S ARMED FACTIONS AFTER SEPTEMBER 30?

CHANGING THE UNIFORMS, RANKS, AND INSIGNIA OF THE POPULAR MOBILIZATION FORCES… TRANSFERS AND RETIREMENTS BY LOTTERY AND 5 DECISIONS BEFORE BAGHDAD

EXCLUSIVE: FACTIONS SET FOUR CONDITIONS FOR FREEZING THEIR RESPONSE TO SAUDI ARABI

GLOBAL FINANCE AWARDS AN IRAQI BANK A GLOBAL PRIZE IN RECOGNITION OF ITS PERFORMANCE

IN LIGHT OF THE LIQUIDITY CRISIS… WHY DOESN’T IRAQ RESORT TO PRINTING MORE CURRENCY?

AN IMMINENT PROCESS TO CHANGE THE SKIN OF THE IRAQI DINAR.. REMOVING ZEROS WILL REVEAL THE EXTENT OF CURRENCY MANIPULATION

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

Just the FACTS!

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IT’S SATURDAY AUG 8^TH, THE SAVE ACT IS SUDDENLY MOVING AGAIN…..its not over until its over….