Mnt Goat Archives

January 24, 2023 Mnt Goat News Brief

Hi Everyone,

I bring you much news today.   

GIVE A GIFT TO MNT GOAT

I decided to allow everyone to give a Free-will GIFT to Mnt Goat on PayPal if you so desire. Here is the link below.

https://paypal.me/MntGoatNewsletter?locale.x=en_US

Going on 10 years now, I have taken my own time from my gasthaus business to research and document findings about the revaluation and reinstatement of the Iraqi dinar. At this time more than ever I do not need to spend my time babysitting and holding your hand in this investment. I do it out of charity and love with understanding that all of us do NOT have the time to go do our own research. We are busy with our jobs, our daily lives and raising our children. So, I try to help out. But remember I too am very busy in my daily life of running a gasthaus (bed and breakfast) and trying to make ends meet. I am no different yet I take the time out each day to complete the task of my newsletter for you. I do not need to do it, as I know the information before you get it.

So, please be generous but only if you can afford it and remember to give. I suggest $5-$10 a month but you decide. Even $1.00 would be helpful. Whatever you can afford will be helpful in this time of Covid where nearly 80% of our business is now gone due to travel restrictions.

Proverbs 28:27

Those who give to the poor will lack nothing, but those who close their eyes to them receive many curses.

More news….

OIL: DECEMBER REVENUES EXCEED $7 BILLION

Today, Tuesday, the Ministry of Oil announced the oil exports for the month of December. The media office of the oil ministry said in a statement that “the amount of exports of crude oil amounted to (103) million and (281) thousand and (459) barrels, with revenues amounting to (7) billion and (708) million and (556) thousand dollars.

(Just more bragging rights….. )

More news….

LAW: THE BUDGET WILL ARRIVE THIS WEEK, AND THE BALL OF DIFFERENCES WILL BE THROWN INTO PARLIAMENT’S COURT

January 22, 2023

Alia Nassif, a member of the State of Law Coalition, confirmed, on Sunday, that the draft budget law will reach the House of Representatives during the current week, noting that the ball of disagreements will be thrown into the Parliament’s court. 

Nassif said in a statement to Al-Maalouma, the main and controversial factor in the draft budget law is related to the dispute between the center and the Kurdistan region of Iraq. 

She added, The talks that took place yesterday between the Prime Minister, Muhammad Shia’ al-Sudani, and the President of the Kurdistan Region, Nechirvan Barzani, reached simple solutions,” indicating that the government will send the draft law this week to Parliament and will throw the ball of differences into Parliament’s court in order to resolve it. 

A member of the House of Representatives, Amer Abdul-Jabbar, warned earlier that the government would adopt a speculative price that exceeds $55 per barrel of oil in the fiscal budget law.  

More news….

AL-SHAMMARI ON THE INAUGURATION OF AL-ALAQ AS GOVERNOR OF THE CENTRAL BANK: A MESSAGE FROM THE SUDANESE ABROAD – URGENT

Baghdad – Nas  

The head of the Center for Political Thinking, Ihsan Al-Shammari, described on Monday the inauguration of Ali Al-Alaq as governor of the Central Bank as “a step in the right direction.”    

Al-Shammari said in a statement to NAS (January 23, 2023), that “Al-Alaq as a figure succeeded in raising the value of the Iraqi dinar and made the exchange rate approximately 112 thousand dinars per 100 dollars, and contributed very significantly to lifting international monitoring and the caveats that were imposed on the Iraqi Central Bank and Iraqi banks.”  

He added, “Al-Alaq also contributed to the issue of reducing fake banks and canceled many of the licenses of fake banks, and in his time at the Central Bank of Iraq, the financial treasury rose and prevented the disposal of the funds of the Central Bank of Iraq.”  

“I see his appointment as governor of the bank as a step in the right direction in terms of monetary policy,” he said.  He pointed out that “it seems that by virtue of his previous dealings with the US Federal Reserve and international relations, he will contribute to the formulation of a monetary policy through which the level of the dollar exchange rate can be lowered specifically.”  

More news….

DEPUTY: THE DISMISSAL OF THE CENTRAL GOVERNOR WILL REMOVE THE TENTACLES OF CORRUPTION CONTROLLING THE BANK

 

Representative Mahmoud Al-Qaisi saw today, Monday, that the dismissal of the Governor of the Central Bank, Mustafa Ghaleb, will remove the tentacles of corruption that dominate the bank.

Al-Qaisi wrote in a post on the “Twitter” platform, which was viewed by Earth News, “We encourage the Prime Minister to take deterrent measures against the corrupt, who want to exhaust the Iraqi economy.”

He added, “The dismissal of the governor of the central bank will remove the tentacles of corruption that dominate the central bank, and will contribute to reviving the Iraqi dinar a different version.

(WOW! This is amazing news. They are getting really serious now to revive the Iraqi dinar to times of the past.)

Insert graph of past rates of diner here.

More news….

IT WILL LIMIT WASHINGTON’S MEASURES.” AN IRANIAN OFFICIAL CALLS FOR ADOPTING THE RIYAL AND THE DINAR IN DEALINGS BETWEEN BAGHDAD AND TEHRAN

The head of the Iranian-Iraqi Joint Chamber of Commerce, Yahya Al-Ishaq, saw on Monday that “if” a banking agreement is concluded between Iran and Iraq for financial exchange using the riyal and the dinar instead of the dollar, the US banking procedures in Iraq will become ineffective.

Al-Ishaq explained, in a statement reported by the Iranian IRNA agency; America meets in various ways the countries that have problems with it, including the US currency, which Washington uses as a tool to create problems for countries. It has been using this tool against Iran for years and now it is using it against Iraq.

(We do not want this agreement to happen. It is a very good idea that the US is working to stop corruption in Iraq and this article is telling us Iran only wants to circumvent this action. Oh…but just months ago it welcomes the dollar, if they could steal it. But let’s see what else might evolve out of this suggestion by the Iranians.)

He stated that the United States is using various strategies to continue its hostility with Iran, stressing that the only solution to neutralize this strategy is to conclude an agreement between the Central Bank of Iran and its Iraqi counterpart to overcome this obstacle in the best way through the use of dinars instead of dollars, and we must reduce the cost of purchasing Iranian goods for competitors so that This country’s market is not readily available to competitors.

More news….

STATUS OF THE RV

I want first to ask everyone reading this Newsletter today to pass on the link to my blog to someone you know that has dinar or just wants to know what is going on in the middle east and Iraq. If each person passes on the link to just a couple of people, we can maybe make a huge difference in getting the FACTS out about this investment. I do not discourage anyone to not listen to these other intel conference calls/sites or read these other blogs. In fact, you should, and you will quickly see the BULLSHIT and IGNORANCE of many of these people. But sometimes there is a bit of truth too in what they say only it is hard getting through the spin or commercials and misunderstandings.

Who’s your mama (governor)?

Remember Ali-Alaq as the director/governor of the Iraqi Central Bank Sept 2014-Dec 2012?

He guided the Central bank as one of the couple of proxy governors throughout the ISIS invasion and we know we had planned for the project to delete the zeros in early 2016 and then again in 2017 and both times it was cancelled. The last time we were not given a satisfactory reason why. We still don’t know why.

Remember Ali Alaq….he’s back…

So was Alaq a good guy or bad guy?

Ali Alaq was instrumental in getting the newer lower denominations printed. He asked for funding in the budget for the lower denominations and coins. We read articles that these were, in fact, printed via various companies in Switzerland and Germany.

Then most recently is mid-June 2020 they challenged Alaq’s proxy position, that was appointed way back by prime minister Nori Al-Maliki as he took over the CBI in December 2012. Alaq’s proxy position was of course a conflict of interest and objectionable to the ability of the CBI to stay independent of the GOI. He had to go mainly for this reason. They then forced him to retire and Al Kazemi appointed Mustafa Ghaleb Makhif to replace him as governor of the CBI in 2020. I have been saying all along that maybe Makhif is not qualified for the job and we would see how this would go. Today we see a change in leadership back to Alaq. Wow!  

The graph below shows where Alaq wanted “to restore the prestige of the dinar”. His words not mine. Remember this graph? This is where he said he wanted to go with the dinar. Look at the graph for 1940’s era.

What was the exchange rate of the Iraqi dinar in 1949?

In today’s articles on this subject matter what are they telling us? Amazingly they tell us Alaq is back as governor. It appears this is in fact the case. There are two articles on this subject matter. One tells us about the demonstrators outside the CBI on January 23, 2023 yesterday, that “Prime Minister Mohamed Shia Al-Sudani decided to relieve the Governor of the Central Bank, Makhif, from his post at his request and re-appointed Ali Alaq. So Alaq is no longer a proxy. He is officially the governor now. This was shocking news not because it was bad news but it was so shocking. Where did it come from? I believe this is a good move and in the right direction.  It will only help our situation now we know there is someone at the helm of the CBI once again who truly supports the completion of the currency reform project in Iraq. But most importantly he has more than half a brain.

What else is in the news?

Most of the other news from Iraq is once again all about the Iraqi dinar and what to do about the rising rate of inflation in Iraq. Sadr is rousing the people to protest once again and he is talking to them in the mosques each Friday during services. This recent protest at the CBI was his doing. It worked and Makhif is gone.

Is the US Dollar being used as an Economic Weapon in Iraq?

Economic experts from Iraq attribute to the United States of America’s use of the dollar as an economic weapon against the emerging Sudanese government. I do not believe this is fully the intent of the US Treasury to make this political but rather to help Iraq curb the corruption. So the inference to politics is not true and just more rhetoric to confuse the people and make them mad at the US. Why would they say this then?  

They say rhetoric like this to try to get the military and other US influences out of Iraq. These are Iranian propagandist. They are clever and will try anything to disrupt the move of the CBI to international currency once again and trade it back on FOREX and other global exchanges. For many years they had it too good pumping billions out of Iraq.

Iran: Well…well…the free ride is OVER!

Thanks to the US Treasury for finally coming into Iraq and helping to shut down the corruption in the currency auctions. Can you see how the coordination framework is NOT on our side and they do not want the changes to the corruption schemes at the banks and currency auctions windows to end. Why would they? They really do not care about Iraq. These politicians are the cause of the funneling and money laundering to Iran. So, the Iraqi news media propaganda machine is now geared up at warped speed trying to convince the public the US are the bad guys. They spit out their rhetoric once again for the US to “go home” and leave Iraq alone. After all, they say, isn’t Iraq a sovereign state? Yes it is, but only as long as Iran can impose upon their sovereignty then it is okay but not for any other country. How about this – “Iran go home and stop meddling in Iraqi affairs”.

In today’s news the advisor to the Prime Minister for Financial Affairs, Mazhar Salih comments on this matter of what help the US Treasury is now giving Iraq. He tells us it is related to Iraq’s entry into a global financial transfer system that requires a high degree of transparency,” but that “caused a shock” to many Iraqi banks “because they are not used to this system and pressure is on Iraq by the coordination framework to prevent its opening up to Europe and the countries of the world. Many Iranian backed politicians accuse that the Americans are using “the dollar as a weapon to starve people. Again just more rhetoric….bla,,,bla,,,bla,,.  

So based on this very slow Iraqi emergence into the “global financial system” there have been many recent discussions with other countries about currency usage and also measures taken in Iraq to help stabilize the dinar within country. Take a look at these past topics in my recent Mnt Goat Newsletters below. Yes, its all about the dinar. They include:

HOT TOPICS FROM SOME OF MY VERY RECENT PAST NEWSLETTERS:

I am presenting these topics again so we can all realize the extent of how everything in the news is now all about the currency and what to do with it to stop the inflation.

  • Saudi Arabia Says Open to Settling Trade in Other Currencies (Iraq needs to start using the dinar internationally and get away from these currency auctions. Oh..but can’t do it unless people want the dinar. So what comes first the cart or the horse?)
  • A researcher puts forward a “terrifying” scenario regarding 90% of the Iraqi currency (it’s probably not hidden under mattresses but left the country of Iraq)
  • The Central Bank asked merchants to go to the official centers, which are the official banks, to exchange currency (Iraq is trying to clean up the street exchangers, black marketeers and others selling the dinar outside of the official CBI rate.)
  • The Iraqi Cabinet has agreed a package of measures aimed at propping up the value of the Iraqi dinar, following continued downward pressure on the currency relative to the dollar:
  • All government agencies are required to sell all goods and services inside Iraq based on the Central Bank USD exchange rate of 1470 IQD per 1 USD.
  •  It is emphasized that the prices of goods and services are in Iraqi dinars based on the Central Bank exchange rate.
  • The Central Bank of Iraq  secures private sector transfers outside Iraq at the official exchange rate to cover their obligations.
  • The Sudanese government obliges all of its institutions to deal in the Iraqi dinar (Not US Dollars)
  • The leader of the Al-Fatah Alliance, Uday Abdul-Hadi, confirmed on Friday that selling oil in currencies other than the US dollar is very possible. (The US is not going to like this idea…. What if Iraq sold its oil and wanted payment in dinars? Oh boy!)

So, you can see where this is all going….RV, RV, RV,

So, no one is going to tell me that they are not trying to stabilize the dinar and working towards some goal. Is this goal to ultimately to get back into FOREX meaning the reinstatement. Also, then to normalize the IQD once again and trade it and use it globally. You would have to be VERY foolish to think otherwise. I also think this move to bring back Ali Alaq as the CBI governor is to play a large part in achieving this goal much, much sooner than later. They can no longer rely on the advice of Dr Shabibi since he has passed. I think Alaq is all they now have.

But what does “normalizing” a currency mean to all of us non-financial people?

To normalize the dinar means to change over the 3 zero notes to notes that coincide with “normal” currency denominations that Iraq used before and that other developed nations like the UK, EU, USA, etc. use. Remember that these 3 zero notes we hold were supposed to be a temporary measure to prevent hyper-inflation from happening and to be used for about 5 years. The plan worked and the rate of the dinar has been stable up to now. It has only been through corruption and manipulation that Iraq is still using them almost 2 decades later.

I know what many of you are about to ask me. NO! They are not planning a “lop” as this measure is a specific IMF tool used in specific situations when there is gross inflation and the IMF must take desperate measures to keep the country from falling apart, like in Zimbabwe with the ZIM. Iraq is unlike Zimbabwe as they can control the dinar. The inflation, as explained many times already, was caused by two main issues:

1.One issue was the need to add to the CBI reserves since the depletion by the pandemic and drop in oil prices;

2.the second issue was the implementation of the new platform by the US Treasury, a financial system controlling the currency auctions with full transparency and tracking of where the money is going. The implementation of this platform caused a temporary shortage of dollars as many of the request for dollars was rejected.

So, what is the solution to the increasing inflation of the dinar and how do they finally resolve it? Is this a VERY GOOD time to conduct the project to delete the zeros and move to FOREX. Since there is a shortage of dinar and dollars on the streets it would be advantageous to do so. My impression is that it could not be a more favorable time in the history of this RV saga.

Remember I told you also that the CBI conducted a trial, or a so-called temporary de-peg from the dollar. Is this what we are really witnessing? Remember I told everyone that when they do this change over, they will monitor the dinar for a couple weeks or even a couple months. We just don’t’ know how long. I have been saying this all along is the procedure to kick off the final process of the conversion. I said that they probably would not even yet announce the new rate when they do this first step which would be very close to 1:1 either way with the US dollar, still not officially pegging it back though. This part we still have yet to see but it is coming and I believe we are in the middle of this process and watching it now play out.

But what we do know for sure is the new currency auction platform instituted by the US Treasury is working as planned and the currency auction amounts are back to normal, as needed for general imports to support the economy. The numbers match the statistics. They have moved from over from $200 million to a much more realistic $60 million sales in a week’s time.  It is projected they need around this figure of $60 million. You can read much more about the currency auctions at the following link:

Is the Currency Auction at Gateway to Corruption in Iraq? (abacademies.org)

There is still 7 days remaining in January and if they do not open the new budget (which is just finally going to parliament this week for review and deliberation) then they can still reset the new year’s financials to the new rate even if outside of January timeframe. Yes, there is still hope and I am hopeful that they will get the inflation under control without printing more money that would only make it worsen. I do not think they are going to print more money. This too is good sign for us.

Think of this new US Treasury currency auction platform as “shaking” up the beehive. Now we have to settle it down and let the bees come back to a new norm of business without all the corruption. I am confident it will happen. So yesterday we witnessed the ousting of the CBI director and a new governor Ali Alaq returning to head the CBI once again. Didn’t  you get that gut feeling that Makhif did not know what the hell he was doing?

But remember that there are obstacles and so I don’t want to spoil your dreams and hopes later. Let’s just watch what happens and pray to God for His almighty hand to bring the abundance and prosperity to come to Iraq, which is so long overdue. It is through his work that we will see this occur and we must give almighty praise and glory to him for it when it does happen.

How to pray the rosary

Political News

We are witnessing the exposure of more and more of the Joe Biden and family corruption in the USA. God is exposing this and it will even worsen over the next couple months. I fully believe it will culminate with Joe being impeached and then forced to resign. Also the exposure of the Davos plot to push and push their new UN Agenda 30 and 50 on the world.

Just in case you don’t yet fully grasps the extent to which these non-elected demonic people have planned for you and me, then you might want to listen to this VERY informative presentation by Mel K. As you know I am a huge fan of her. No this is not religious mumbo jumbo. No, she is not a prophet. This is all FACTUAL based information and is reality folks. As it is their words from their plans and Davos G7 and G20 meetings. These are FACTS collected by Mel K about this organization calling itself the World Economic Forum (WEF) and also now cohorts in crime with the United Nations (UN). As we now know the UN has been compromised and not longer lives up to its charter fully. It time for it to go to!

The ONLY way we are going to fight this demonic drag and imprisonment of mankind, is to educate ourselves first. Yes, a continuation of the Nazi ideology packaged with FEAR mongering narratives to get you to go along with their plans instead of using bombs and bullets as in WW2. Oh…this is very sly and slick of them. This is very well thought out.

But the end result is the same, if they are successful – total control over all aspects of your life. So, this too we must pray on and ask God to anoint our honest leaders with the Holy Spirit and to show us how to conquer them. Those that are still rhinos we can also pray for them too that they may see the light of righteousness and awaken. Many have already.

Is a WW3 really going to happen?

We are in the middle of the World War III already folks. We don’t have to wait any longer for it to start. Get it? Don’t you see it and feel it? This was really started decades ago but is intensified now and they don’t even care anymore if we know what they are up to. They feel they have gone far enough already with their plans and have enough brainwashing and control. Now they move on from their UN Agenda 2021 to Agenda 2030 and 2050 plans for humanity. If you read their plans (see links below), the plans sound all loft, nice and comfy for society. Why wouldn’t you want all this? Why wouldn’t want to feed the hungry and house the poor? Why wouldn’t you want to protect the environment, la, la, la.

But in reality, the UN and the WEF have been around already for decades and decades and so why have they not already accomplished done these “great deeds” for society? Surely we have been talking about these lofty goals for a very long time, nothing new?

I will tell you why. It is because their real mission is not to accomplish these objectives but to con you into thinking they desire this FAKE utopia society. They have had more than enough funding to support all of these objectives already. Why not then? What have they really done for the world except to spend money planning how to subvert nations in order to fill their own pockets. Yes, this is what they are really all about. It is because they have used this funding, such as for climate change, for bribes, payoffs and filling their own pockets. They have had already more than enough time to fix the planet. But this is not their real intent and we are not fools. We see it.  

Yes, their picture of a future planet is it a global “utopian society from hell”, without Freedom and Liberty and Justice. Putting control  over our lives in the hands of such demonic, greedy people is only a recipe for disaster. We witnessed this is WW2 with the takeover of Germany by the National Socialist Party. Inflation was decreased to 0 %, everyone had a job and the 1930’s economy of Post WW1 Germany was booming. But what lay under the façade? History speaks for itself…..

But if you truly take the time to educate yourself then dig deeper and we find it is all about “total control” over all resources driven by their many over exaggerated narratives causing FEAR mongering by a very small group of non-elected, self- appointed people. Who the hell are these people anyhow and who the hell gave them permission to devise such dastardly plans for the planet? Who said they can govern over us? We elect our officials, don’t. Oh…but even this is questionable with all the rigged elections going on.


Former Senator Tusi Gabbard
Have we wasted enough of our country’s future generations on making war?
Is it about time to realize just who is really behind all these wars?

Oh…but they are going to save us all from climate change, future pandemics, monetary crises, energy crises, migration crises etc., etc. Just look at what the have done so far in these areas. Do you like what you see?

The problem I have with all this WEF and UN talk is that these are the VERY SAME people who are causing these crises after crises through their global polices and covert operations. Get it? It’s like putting the fox in the hen house to watch over the chickens. They later you get what you bargained for. Then, in the aftermath of these crises, they come to us telling us they have the solutions and are going to save all of us. Really? We need saving from their ideology and plans. This is really what we need saving from.

This is what is really disturbing about them.

So, am I talking to the choir here? Are we all on the same page? Let me know how you feel the same way or not. But research the links below first then watch the Mel K video. Then respond.

We need to stop taking about left wing or right wing, conservatives or liberals and start thinking more about the future of our own countries and planet. They need us divided. They need us fighting among each other. WE cannot win this war unless we unite and all fronts and put our personal differences aside. We must study the FACTS no longer ignore this situation.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

These links below tell their story of what is now taking place in these Davos meetings. These so-called “leaders” (and I use the term very lightly) talk about their sinister plans to roll out in the near future. What is the next covert propaganda push going to be?

UN Agenda 2030 Plan

21252030 Agenda for Sustainable Development web.pdf (un.org)

UN Agenda 2050 Plan (not yet published the full plan on the internet)

2050 Archives – United Nations Sustainable Development

Mel K – Investigator and Independent Journalist
What are they now talking about in Davos Switz.?

*************************************************************

Formal Articles are below. Please see my comments in bold italic fonts in brackets (  ) throughout the articles.  Also, I separated the articles with asterisks and highlighted in bold any important lines worth noting.

*************************************************************

Articles Begin

CONTINUING IRAQI CONCERN FROM THE RAGING DOLLAR: UNANNOUNCED SANCTIONS!

The exchange rate of the Iraqi dinar has been witnessing fluctuations against the dollar for more than a month, which experts attribute to the United States of America’s use of the dollar as an economic weapon against the emerging Sudanese government, which was confirmed by the head of the State of Law Coalition, Nuri al-Maliki, who called for an understanding with the American side . 

The advisor to the Prime Minister for Financial Affairs, Mazhar Salih, says, “The fundamental and fundamental reason for this decline is (an external restriction),” indicating that Al-Sudani’s visit to Germany: he went to save electricity in Iraq amid questioning the reality, the fluctuation of the dinar is linked to the start of Iraq’s compliance with some standards of the international remittance system. (Swift), which Iraqi banks should apply since mid-November to access Iraq’s dollar reserves in the United States. 

He adds that the matter is related to Iraq’s entry into a global financial transfer system that requires a high degree of transparency,” but that “caused a shock” to many Iraqi banks “because they are not used to this system. pressure on Iraq to prevent its opening up to Europe and the countries of the world. He considered that the Americans are using “the dollar as a weapon to starve people.

To this, the deputy of the State of Law Coalition, Aref al-Hamami, attributed the fluctuation of dollar prices to an external factor represented by the United States of America, which seeks to put pressure on the Sudanese government. to bow to its agendas in Iraq and the region, describing it as a new weapon used by the Americans to obstruct the political process 

. The government’s inability to return the exchange rate to normal is due to compelling external reasons represented by the United States of America.
He added, “The government can overcome the crisis at any time because it has good money, but it wants to resolve the issue through diplomatic means with the Americans, and in the event that diplomatic methods are exhausted, the government will have procedures through which it can return the exchange rate to its normal state.” 

Al-Hamami pointed out that “the American pressure with its new weapon aims mainly at bringing the Sudanese government to its knees for its agenda in Iraq and the region.”

In the meantime, the Iraqi government has taken several measures with the aim of controlling dollar prices and returning them to normal, including facilitating the financing of private sector trade in dollars through Iraqi banks, and opening outlets for selling foreign currency in government banks to the public for travel purposes

*************************************************************************************

AL-SUDANI PROMISES AN UNPRECEDENTED BUDGET AND CONFIRMS: WE HAVE TAKEN BOLD DECISIONS TO SUPPORT THE DINAR

  

Today, Saturday, Prime Minister Muhammad Shia al-Sudani promised an unprecedented financial budget, while confirming that bold measures were taken to support and stabilize the dinar. 

Al-Sudani said in a speech on the occasion of the official memorial ceremony held in Baghdad to commemorate the Iraqi Martyr’s Day, which was attended by (Baghdad Today): “Today we remember martyrdom, but with the taste of victory that was achieved over terrorism, and we remember the pure blood, but with the taste of security and stability that those sacrifices bestowed.” \

The Prime Minister added, “Today we are nearing the completion of the draft budget law, which is different from previous years, and it is the first time that the budget law revolves around the government program.” 

Al-Sudani stressed, “The government continues to support the Central Bank of Iraq to restore the exchange rate of the dollar to the official rate, and this is part of an overall economy that needs a courageous response and effective solutions to end the wrong financial policies that the current government inherited.” 

He continued, “We have taken a series of bold decisions to support and stabilize the Iraqi dinar,” warning “those who try to exploit the crisis and play on people’s needs,” adding, “We took into consideration, in all our steps, and in the budget’s goals, that we should alleviate endemic poverty in some Iraqi environments and sectors.”

Al-Sudani explained, “The exchange rate did not rise as a result of a government decision, but rather because there were those who took advantage of the temporary conditions and turmoil in the markets that are not yet familiar with dealing with the new banking mechanisms, which will preserve the funds, which is an important step on the path to economic reform.” 

He stressed, “the priority of combating corruption, and the government continues to assign it to the judiciary and the competent authorities to pursue those wanted and to work to recover the looted funds.” 

And he noted that “at the forefront of these tasks was the major social research process, and strengthening the lower-income segments with food baskets and ration cards,” noting that “the duty of the state is planning and development, addressing imbalances, creating economic opportunities, preparing the ground for the work of the public and private sectors, and absorbing the youth segment.” and rehabilitate them.”  

Regarding foreign relations, the Prime Minister affirmed, “We have attached special importance to foreign relations, and we continue to communicate and exchange visits with brothers and friends, and mutual interest is always present in all our dialogues.”

Al-Sudani said, “I stress on all the active forces the need to stay away from disagreements and tensions that are no longer an appropriate means to correct the course of the political situation in Iraq,” adding, “We will not be against opposition opinions whose goal is to correct the imbalances in the body of the state. The opposition voice that bears national responsibility is no less than The importance of the supporting voice.  

He concluded his speech by saying, “We will continue to work, as long as there are brave and serious leaders in it, and as long as our rational authority takes care of its path with its wisdom, and as long as our security forces, of all kinds, are capable and empowered, and mobilize their efforts from the sacrifices of the martyrs.” 

A RESEARCHER PUTS FORWARD A “TERRIFYING” SCENARIO REGARDING 90% OF THE IRAQI CURRENCY

Baghdad: The economic researcher Manar Al-Obeidi put forward a disturbing hypothesis about 90% of the Iraqi currency printed by the Central Bank, which is outside the banking system, as he indicates that this money may not be hoarded by the Iraqis already, but may have been destroyed or fled abroad.

(oh gee whiz…. Could some of these nots be what we hold as investors? 😊)

Al-Obaidi began his article by asking: “Is the Iraqi cash really hoarded?”, Noting that “according to the latest Central Bank data, the volume of cash outside the banking system is around 76 trillion Iraqi dinars, representing more than 90% of the volume of cash issued.”

He explained that it is always explained that it does not appear in the banking system as hoarded in homes or among people due to the low level of financial inclusion, adding, But there are indications that may indicate that this money may not only part of it be hoarded, but part of it may be deliberately or deliberately destroyed or fled abroad.

He added, The first factor is that the growth rate of cash currency issuance during the past years is not matched by the same growth rate of cash in the banking system, even if the percentage of cash in the banking sector is small, but its growth rate should be almost similar to the growth rate of the total cash currency issued as the currency grew.” Cash issued from 50 trillion to 80 trillion during the past two years, but it did not grow in the banking sector at the same level, as it rose from 5 trillion to 6.5 trillion only during the same period.”

And he continued: “The second matter, depending on the population of Iraq, the level of poverty and unemployment rates, ages, and the rates of residents in Iraq, the rate of hoarding money for every Iraqi person living in Iraq and not below the poverty level is about 3.5 million Iraqi dinars, meaning that the rate of hoarding money for every Iraqi family is about 20 million Iraqi dinars, and this also contradicts reality.

And he pointed out that “the third thing is that the percentage of cash in banks does not rise much with the increase in interest rates offered by banks and the incentives offered by banks to attract this money, although many of these offers are of great interest and certainly will not attract all the money outside the banks, but it is undoubtedly it should have affected, even if by a small percentage, the percentage of the issued cash.”

And he considered that all this leads to saying that the cash is not hoarded by the Iraqis, but rather it is either damaged or fled, or that it is present in a parallel banking system that is far from control and is controlled by parties that have nothing to do with the decision-making authorities in Iraq.”

(Oh… so it appear the idea is now that Iraqis are NOT stuffing their mattresses with dinars hoping for the rate to go up and then cash in? …lol..lol…lol… 😊. Could his be why the CBI could not retrieve these notes as they have tried many times to get people to turn them in to the bank accounts?)

*******************************************************************************

BRITISH REPORT: IRAQ IS FACING AN ACUTE SHORTAGE OF DINARS AND IS STRUGGLING TO PAY SALARIES IN DINARS

 

(Mnt Goat – the main point to get out of this article is this – Why did the US step in to help Iraq with the currency auction corruption and why now? The answers to these two questions is found in this article. I highlighted the parts for you to read below. Oh…its not because the dinar is about to RV…lol..lol..lol.. as once again many of these idiotic intel gurus are telling you. )

Iraqi officials told Middle East Eye in Britain that Iraq is facing a deep gap in its public finances due to the crackdown on corruption and dollar smuggling by the US Federal Reserve since the seizure of tax secretariat funds known as the “theft of the century”.  

Following is the text of the report:  

The crisis, which is expected to worsen in the next few weeks, was caused by the collapse of daily trade in dollars through a currency auction run by the Central Bank of Iraq.  

The Iraqi government relies on the auction to convert the dollars it earns from oil revenues into Iraqi dinars. Last year, an average of about $200 million per day was sold through auctions to banks and private companies.  

But that number fell sharply in the last two months of the year, dropping to a daily average of $56 million by late December, according to published data.  

The government is now facing a dinar shortage, which has left it struggling to pay public sector salaries and meet its other monthly obligations.  

The problem we are facing now in Iraq is the scarcity of Iraqi dinars, not dollars,” said a senior official at the Central Bank of Iraq, who spoke on condition of anonymity.  

Neighboring countries, which rely heavily on Iraq’s official foreign exchange markets for dollars, are facing a liquidity crisis as Iran, Turkey and Syria are affected, according to officials in Baghdad.  

The crisis has affected the broader economy, as the exchange rate of the dollar in informal markets has increased from 148 dinars to 163 dinars since late November.  

The Iraqi officials the site spoke to denied any direct connection between the current crisis and what is known as the “theft of the century,” in which about $2.5 billion was stolen from the Iraqi Tax Authority through a state-owned bank between September 2021 and August 2022. .  

But they acknowledged that the US Federal Reserve imposed tighter controls on private banks buying dollars through auction two months ago, just weeks after Iraq’s Finance Ministry disclosed details of the theft on Oct. 10.  

Iraqi Prime Minister Mohammed Shia al-Sudani said in October that most of the stolen money was believed to have been smuggled out of Iraq.  

In November, Judge Haider Hanoon, head of the Federal Integrity Commission (FCI), Iraq’s anti-corruption watchdog, said Iraq had asked for help from friendly governments, international organizations and the United Nations to recover the stolen funds.  

One of my advisors to Al-Sudani, who spoke to the English website on the condition of anonymity, said that the Federal Reserve began examining foreign money transfers in November in an effort to track stolen funds.  

The consultant said this caused delays in the release of remittances and led to lower dollar sales through auction.  

The chancellor said the Fed also provided source checks for funds held by private banks participating in the auction, prompting many of them to pull out and raise the unofficial exchange rate.  

Crisis Meeting  

In late December, the Coordination Framework, the largest political alliance supporting the government, held a meeting in Baghdad to discuss the high cost of the dollar and the crisis in Iraqi markets.  

The meeting was confined to the senior leaders of the Sudanese coalition and the governor of the Central Bank, Mustafa Ghaleb.  Ghaleb told the meeting that the Federal Reserve has “dangerous indications” of dollar smuggling operations to neighboring countries, according to a leader who attended the meeting.  

One of the attendees said that Ghaleb appointed two Egyptian banks based in Dubai, to whom most of the dollars bought in the auction were transferred during the period under investigation. Then the dollars were transferred to Amman in Jordan, and then to Iran.  

The leader said that four private Iraqi banks that transferred the bulk of the funds to the two Egyptian banks received orders from the Central Bank of Iraq to stop dealing with them in November, based on a directive from the Federal Reserve Board.  

According to a document seen by the British website, the central bank also ordered banks and other financial institutions to stop dealing in dollars with the four banks “for audit purposes” on November 6.  

This was challenged in the lawsuits filed against the Central Bank by the four banks – Al-Ansari Islamic Bank for Investment and Finance, Al-Qasab Islamic Bank for Finance and Investment, Asia Iraq Islamic Bank for Investment and Finance, and the Iraqi Middle East Bank. Investment Bank.  

But their cases were dismissed this week by the Financial Services Court, which asserted the Fed’s right to block them from dealing in dollars.  

A financial advisor involved in the “theft of the century” investigation said the incident had provided the Federal Reserve with “definitive evidence of theft of government funds taken with government tools.”  

“They couldn’t turn a blind eye to it,” said the consultant. It provided the required incentive for the Federal Reserve to impose its procedures on private banks and the Central Bank of Iraq.  

“They [Americans] have been looking for this opportunity since 2014 to pounce on foreign currency auction sales, but previous prime ministers always got exceptions under the pretext of buying electricity, fuel and other things from Iran.  

But this time the story is different.  

MEE has contacted the Federal Reserve for comment but did not receive a response at the time of publication.  

Revenue from oil sales  

The Iraqi government needs at least eight trillion dinars (about $5.5 billion) per month to pay the salaries of government employees, retirees, welfare beneficiaries, victims of terrorism, and others, and this is largely secured through the currency auction.  

Most of this comes from Iraqi oil revenues, which have been paid out since 2003 in dollars into an account maintained by the Federal Reserve Bank of New York.  

The US Treasury transfers $10 billion annually to the Central Bank of Iraq from oil sales revenues, in order to boost its foreign currency balance.  

This amount is to be delivered in cash in four instalments. Officials said all of the dollars are new and have serial numbers on file with the Federal Reserve to make them easier to track.  

After that, the Central Bank of Iraq sells the dollar through a foreign currency auction and other channels to obtain a dinar for the benefit of the Ministry of Finance.  

Now, the decline in dollar sales has caused a shortage of dinars for the Central Bank of Iraq. Even at its peak, the auction usually doesn’t raise enough to meet the $275 million the government needs each day.  

This shortfall is usually covered from stocks of currency held by the central bank, through internal loans between the bank and the government, by printing more currency, or through other financial activities.  

Foreign currency auction data for the past four years reviewed by the site shows that the amount of dollars in circulation remained stable, averaging about $200 million per day during 2019 and 2020, despite the decline in oil prices, the Covid epidemic, and the recession.

AN ECONOMIST WARNS OF THE REPERCUSSIONS OF PRINTING NEW QUANTITIES OF PAPER CURRENCY

An economist warned the Iraqi government against printing new quantities of paper currency, in light of fears of a scarcity of local currency.

“More than 83 trillion Iraqi dinars is the volume of demand for cash currency from the dinar in the local market, and the scarcity of paper currency in the current period is caused by weak buying and selling in most markets, pointed out that the currency is available and not scarce, but it is frozen for most citizens and owners of exchange shops as a result of fears of a rise in the exchange rate of the dollar, which was reflected in the prices of commodities and food products, which reinforced the state of economic recession and weak demand for markets.

Antoine explained, “The talk of some parliamentary authorities resorting to the possibility of distributing employee salaries in the dollar currency is out of the question and is currently excluded (not an option), with the government’s emphasis on continuing to grant salaries in the Iraqi dinar currency, since the local currency is a sovereign and national currency and should not be weakened.

And about the option of resorting to printing banknotes for the Iraqi dinar currency, Antoine stressed that “it is not easy to print large quantities of cash currency to be pumped into the local markets,” pointing out that “the printing process will lead to an increase in inflation rates, and for this reason the Iraqi government went to oblige shops and other economic activities, to the use of the POS system for electronic payment in order to reduce the paper cash transaction process.

It is worth noting that the British “Middle East Eye” website confirmed in a report that the Iraqi government is now facing a shortage of dinars, which made it struggle to pay public sector salaries and fulfill its other monthly obligations, and that the problem facing Iraq is the scarcity of the dinar, not the US dollar.”

*******************************************************************************

CENTRAL BANK: THE GOVERNMENT’S DECISION TO PREVENT THE CIRCULATION OF MONEY IN CASH IS BINDING AND WILL BE IMPLEMENTED

Baghdad – Iraq Today:

The Central Bank of Iraq confirmed on Saturday that the use of electronic payment tools will be generalized in the government and private sectors in a binding manner.

Deputy Governor Ammar Hamad Khalaf said in a press statement that the Cabinet’s decision to activate electronic payment at all joints aims to reduce the use of cash and increase the handling of funds electronically through the use of cards, which is an important complement to the salary localization project that began to be implemented several years ago.

(Do you remember this salary localization project? They wanted all Iraqis to have debit cards and the CBI was going to transfer salaries into their accounts. Many citizens still have not signed up for the cards and this is creating a problem now  in light of the shortage of dinars in circulation in Iraq.)

“The decision will enable the bank to implement a mechanism that enables employees to receive their salaries through payment cards currently used as MasterCard and fill them in their bank balance without the need to receive money in cash,” he added.

“The central bank will intensify its efforts to increase the use of payment cards in markets and shops, and the cabinet’s decision will oblige government institutions and all spending units in the public and private sectors to find electronic payment devices in their transactions,” he said.

“Paying through electronic devices will reduce cash circulation, which is better in terms of saving money and safer than transporting it,” he said.

****************************

SECURITY OPERATION TO ARREST “MANIPULATORS” AT DOLLAR EXCHANGE RATES IN BAGHDAD AND THE PROVINCES

Economy News – Baghdad

The Interior Ministry announced on Saturday the implementation of a security operation to arrest manipulators at dollar exchange rates.

The ministry said in a statement that it seeks to achieve economic security and follow up violators of laws and controls in the dollar exchange rate process on a daily basis and develop appropriate plans to follow up on price manipulators and hold them accountable in accordance with the law.

She added, “The competent security services carried out a security operation in the capital Baghdad and the provinces to arrest manipulators of dollar exchange rates outside the controls and instructions, as well as owners of unlicensed banking shops.

He added, this operation did not target the owners of companies who deal legally away from speculation targeting the livelihood of citizens, as well as smuggling the dollar and confusing the market.

(Remember I said the judiciary needs to go after these exchangers who are manipulating the market. Now they have begun this process. Let’s hope they also carry this all the way and band the street exchangers all together and only allow banks to exchange currency. Are they reading my Newsletter? )

************************************************************************************

IRAQ ECONOMY REELS AS U.S. MOVES AGAINST MONEY FLOWS TO IRAN

 

(I think most of us already know most of what is in this article by now….I hope! 😊)

BAGHDAD—Iraqis are blaming an unexpected culprit for a weakening currency that has caused the price of food and imported goods to rise: a little-noticed policy change by the U.S. Treasury and the Federal Reserve Bank of New York.

The New York Fed began enforcing tighter controls on international dollar transactions by commercial Iraqi banks in November, in a move to curtail money laundering and the illegal siphoning of dollars to Iran and other heavily sanctioned Middle East countries, U.S. and Iraqi officials said.

Iraqi banks had operated under less stringent rules since shortly after the 2003 U.S. invasion that toppled Saddam Hussein. Almost two decades later, American and Iraqi officials said they have decided it was time to bring Iraq’s banking system into compliance with global money-transfer practices.

Since the procedures went into effect, 80% or more of Iraq’s daily dollar wire transfers—which previously totaled over $250 million some days—have been blocked because of insufficient information about the funds’ destinations or other errors, according to U.S. and Iraqi officials and official Iraqi government data.

With dollars scarce, Iraq’s currency has fallen as much as 10% against the dollar, leading to sharply higher prices for imported goods, including staples such as eggs, flour and cooking oil.

“For 20 years we followed the same system,” said Mahmood Daghir, chairman of Al Janoob Islamic Bank and a former Central Bank of Iraq official. “But the shock policy by the Fed has made a crisis inside the Iraqi economy.”

The turmoil exemplifies the wary but interwoven relationship between Washington and Baghdad. Since the U.S. helped establish the Central Bank of Iraq in 2004, the U.S. dollar has largely become the country’s chief currency because so much of the economy runs on cash.

To keep Iraq supplied with dollars, planes deliver pallets of U.S. currency to Baghdad every few months. But far more dollars flow electronically in transactions by Iraq’s private banks, processed from Iraq’s official accounts at the New York Fed where proceeds from its oil sales are deposited.

U.S. officials say the tighter rules for electronic dollar transfers by Iraqi private banks weren’t a surprise to officials in Baghdad. They were implemented jointly in November after two years of discussions and planning by the Central Bank of Iraq, the U.S. Treasury and the Fed. The rise in the dollar exchange rate wasn’t caused by the new measures, the U.S. officials added.

But the scrutiny of dollar transactions has set off a rush for greenbacks in Iraq and a torrent of criticism from Iraqi officials, bankers and importers who blame the new system for an unnecessary financial jolt that has worsened their already severe economic woes.

Iraqi Prime Minister Mohammed al Sudani, who took office just as the currency began to drop, said the Fed’s action was harming the poor and threatening his government’s 2023 budget.

“This is embarrassing and critical for me,” he said in an interview. He said that he would send a delegation to Washington next month with a proposal for a six-month moratorium on the new policy.

Some senior Iraqi officials with ties to Iran have been even more critical. “Everyone knows how the Americans use the currency as a weapon to starve people,” Hadi al-Amiri, the head of an Iranian-backed political party and militia, told the French ambassador in a Jan. 10 meeting, according to an account released by Mr. Amiri’s office.

Under the new procedures, Iraqi banks have to submit dollar transfers on a new online platform with the central bank, which are then reviewed by the Fed.The system is aimed at curtailing use of Iraq’s banking system to smuggle dollars to Tehran, Damascus and money-laundering havens across the Middle East, U.S. officials said.

Under the old rules, Iraqi account holders weren’t required to disclose to whom they were sending money until after the dollars had already been transferred, said Mr. Daghir, the former central bank official.

A spokeswoman for the New York Fed said of accounts it maintains for foreign governments, such as Iraq’s, we have a robust compliance regime for these accounts that evolves over time in response to new information.”

A U.S. official said the measures would limit “the ability of malign actors to use the Iraqi banking system.”

The U.S. Treasury and the Central Bank of Iraq declined to comment. The Iraqi central bank described the new electronic platform in a Dec. 15 statement that said it required full details of customers who want money transfers, including final beneficiaries.

A number of mistakes are being discovered and banks are required to redo the process,” the statement said. Such procedures will take additional time before getting accepted and passed by the international system.”

The central bank also barred four banks—Islamic Asia Bank, Iraqi Middle East Bank, Ansari Islamic Bank and Al Qabudh Islamic Bank—from carrying out any dollar transactions, according to Iraqi officials and court documents. Executives at Asia Bank and Ansari bank declined to comment, while the two other institutions couldn’t be reached.

U.S. officials have pressed Iraq for years to strengthen its banking controls. In 2015, the Federal Reserve and Treasury Department temporarily shut off the flow of billions of dollars to Iraq’s central bank over concerns that the currency was ending up at Iranian banks and possibly being funneled to Islamic State militants, officials said at the time.

Some Iraqi officials supported tougher scrutiny of private banks. Hadi al Salami, a member of Iraq’s Parliament who serves on the body’s anticorruption commission, said Iraq’s political parties and militias control most of the banks, using them to smuggle dollars to neighboring countries. “We need this to be stopped immediately,” he said.

The impact of the tighter controls adopted in November can be seen in the steep decline in Iraqi banks’ dollar transactions, which the central bank tracks on its website. On Oct. 17 last year—before the new rules went into effect—the daily transfers from Iraq’s official accounts at the New York Fed and other overseas institutions was $224.4 million, according to the data. On Jan. 17, it was $22.9 million, a drop of nearly 90%.

U.S. officials say the financial turmoil will ease as Iraqi account holders comply with disclosure requirements.

Even Iraqi bankers and currency traders say the stricter rules are aimed at shutting down schemes used to siphon dollars. For instance, they say, importers falsify invoices for goods that are never delivered to Iraq but paid for in dollars flowing to unknown recipients outside the country.

“The dollars in Iraq, for sure 100%, are going to Iran, Turkey, Syria, Yemen, Lebanon and sometimes Dubai,” said Hamza al Sarraf, sitting behind the barred counter of his currency exchange shop in Baghdad’s bustling Karada neighborhood.

The clampdown on electronic dollar transfers has sparked a frenzy for paper dollars in exchange shops and bigger currency-trading houses, Mr. Sarraf said, checking the informal dollar exchange rate in Baghdad on his smartphone.

Blocked from using banks, Iraqi importers have had to delay orders while they work to comply with the new rules—or find other methods to pay suppliers, such as using informal money-transfer networks known as hawala. Some traders, Mr. Sarraf said, are loading up on dollars and shipping them out of Iraq in vehicles.

The official exchange rate is fixed at 1,470 Iraqi dinars to the dollar. But at Baghdad banks and exchange houses, the dollar was selling for as high as 1,620 Iraqi dinars on Tuesday, as much as 10% higher than last November, according to data released by the Central Bank of Iraq.

As the dollar has gained in value, it has cut into sales of imported items, said Ghaith al Badry, who owns a small cellphone shop in Baghdad. A Samsung smartphone that he buys in dollars in Dubai and sold for 200,000 dinars in November is now 219,000 dinars, he said. With food prices also going up, Mr. Badry said, his customers have disappeared.

“No one is buying mobile phones,” he said in his empty shop. “They’re worrying about food.”

Corrections & Amplifications
U.S. currency deliveries to Baghdad are made on aircraft arranged by the Iraqi government. An earlier version of this article incorrectly said that the currency deliveries are made on U.S. Air Force planes. 

**************************************************************************

THE FRAMEWORK ASSIGNS AL-SUDANI WITH A “SUICIDE” MISSION IN WASHINGTON… A “FINANCIAL TRUCE” TO SECURE EMPLOYEES’ SALARIES

 

The least that can be described as an economic catastrophe threatens liquidity and casts a shadow over the country of black gold. This is how the financial scene in Iraq may look, amid the dwindling of the near solutions, “The dollar or the dinar?”… This time, both are in the boat of no return.

The British “Middle East Eye” 

The British “Middle East Eye” website, in a report translated by Shafaq News Agency, highlighted the deep gap in Iraqi money, after the American crackdown on corruption and dollar smuggling, through the global money machine “the Federal Reserve” or as the Iraqis have come to know it well, “the bank”. Federal”

The dinar is disappearing

The currency auction crisis, new and old at the same time, but it is heading towards complexity in the coming days, especially after the tax secretariat scandal known as the “theft of the century”, the average month of October 2022, which consists of the theft of 2.5 billion dollars, or a little more, which It resulted in the imposition of strict restrictions and unprecedented US tracking since 2003, to weigh heavily on the Iraqi people and cause the collapse of daily trade in dollars through the currency auction run by the Central Bank of Iraq.

The government is now facing a shortage of dinars, which has left it struggling to pay public sector salaries and meet its other monthly obligations, a senior official at the Central Bank of Iraq, who spoke on condition of anonymity, told MEE, stressing that “the problem Iraq faces is Dinars are scarce, not dollars.”

The Iraqi government needs at least eight trillion dinars (about $5.5 billion) per month to pay the salaries of government employees, retirees, social welfare beneficiaries, victims of terrorism, and others, and this is largely guaranteed through the currency auction.

Most of this liquidity comes from Iraqi oil revenues, which have been paid since 2003 in dollars into an account maintained by the Federal Reserve Bank of New York.

The US Treasury transfers $10 billion annually to the Central Bank of Iraq from oil sales revenues, in order to boost its balance in foreign currency. This amount is also delivered in cash in four installments. Officials said all dollars are new and have serial numbers on file with the Federal Reserve for easy tracking.

Then the Central Bank of Iraq sells dollars through a foreign currency auction and other channels to obtain dinars for the Ministry of Finance.

Now the drop in dollar sales has caused a shortage of dinars for Iraq’s central bank, and even at its peak the auction usually didn’t raise enough to meet the $275m the government needs each day.

This shortage of currency shares held by the central bank is usually covered by internal loans between the bank and the government, by printing more currencies, or by other financial activities.

The Iraqi parliament has not yet approved the federal budget for 2023, but the amounts allocated for salaries and compensation in the proposed budget, which must be paid in local currency, amount to about 100 trillion dinars ($68 billion) during the current year.

And the British website quoted a senior official in the Central Bank of Iraq as saying, “The bank currently owns about 83 trillion dinars (56 billion dollars) only, so there is a need for quick solutions.”

NEW COIN

Another central bank official stated, according to the site, that the foreign currency auction window is the only way to restore the Iraqi currency, so if auction sales remain low, the central bank will have to issue a new edition of the local currency.

The official added, The issuance of a new edition of the currency would reduce the value of the dinar and further raise the inflation rate.

FRAME AND DOLLAR

In this regard, the Middle East Eye report revealed the details of a meeting held by the Shiite Coordination Framework (the largest political coalition supporting the government), which was restricted to senior leaders only, along with Prime Minister Muhammad Shia al-Sudani and the Governor of the Central Bank, Mustafa Ghaleb. Witnessed a discussion of the rise of the dollar and the crisis in the Iraqi markets.

During their meeting with Al-Sudani and Ghaleb, the leaders of the coordination framework rejected the governor’s proposal to issue a new edition of the dinar, considering it a danger that would add new burdens on the shoulders of the government and the citizen.

Instead, he urged the framework leaders, Sudanese and Ghalib, to go to Washington to “seek to negotiate a six-month truce before new measures take effect, to allow the government and the central bank to prepare.”

They also called on Al-Sudani, to address the American side to “reduce the audits imposed by the Federal Reserve, to make the procedures for external financial transfers faster, to increase the number of official sales outlets in dollars, and to tighten control over the smuggling of dollars through the Kurdistan Region, as well.

Meanwhile, the British website quoted Iraqi officials as saying, we know that the new measures strengthen the Iraqi economy despite the great pressure it exerts on everyone, but this will not last for a long time and will reduce corruption in the currency auction, in a report translated by Shafaq News Agency, highlighted the deep gap in Iraqi money, after the American crackdown on corruption and dollar smuggling, through the global money machine the Federal Reserve or as the Iraqis have come to know it well, “the Fed bank”.

*************************************************************

AL-SUDANI ANTICIPATES THE DEMONSTRATIONS BY DISMISSING THE GOVERNOR OF THE CENTRAL BANK.. AND GOVERNMENT SUPPORTERS WARN OF CHAOS

For about the two past months, the exchange rate of the Iraqi dinar has been witnessing fluctuations against the dollar, which experts attribute to Iraq’s start to comply with US international procedures on financial transfers in hard currency that are smuggled abroad.

The decline of the Iraqi dinar against the dollar angered the Iraqis, as a result of the rise in the prices of imported materials, especially foodstuffs.

However, the supporters of the Sudanese government and the framework warn of demonstrations and blocking roads under the pretext of the high price of the dollar, with the aim of confusing the government’s work, and working to bring it down early.

The Iraqi Prime Minister, Muhammad al-Sudani, anticipated the popular demonstrations in Baghdad and the provinces planned for January 25, to protest the rise in dollar prices, by dismissing the governor of the Central Bank of Iraq.

And called on political organizations and active formations to come down next Wednesday in front of the headquarters of the Central Bank against the continued rise in the price of the dollar against the dinar.

In Sadr City, loudspeakers roamed the streets, calling for demonstrations against the rise of the dollar and threatening escalatory steps.

The National Consciousness Movement said in a statement that it supports the peaceful protest in front of the Central Bank, considering that the continued high exchange rate of the dollar against the dinar has placed the Iraqi citizen in front of additional burdens, as well as confusion in the local Iraqi market.

Representative Nour Nafie Al-Jelhawi said on Twitter: We support the popular demonstrations demanding a reduction in the price of the dollar, adding: We stand with the citizens in any popular demand, especially since the high price of the dollar has exhausted the citizen and the right is accumulating harm.

The writer, Abd al-Rahman al-Jubouri, considered that the demonstration in front of the Central Bank is the wrong place and a clear misleading, indicating that the demonstration in front of the buildings of the three presidencies is more useful and suitable for Iraq.

Prime Minister Muhammad Shia’ al-Sudani had chaired a meeting with the Federation of Iraqi Chambers of Commerce to discuss the causes of fluctuations in the exchange rate of foreign currency in the Iraqi market and its impact on citizens, and to develop decisive solutions in this regard.

The meeting resulted in taking several decisions aimed at stabilizing the exchange rate, preventing manipulation, and limiting damage to the national economy. Among the most important decisions is the opening of a new window for selling foreign currency to small merchants through the Trade Bank of Iraq, and the Central Bank financing the bank with an additional amount of half a billion US dollars for the purpose of opening documentary credits for small merchants and being satisfied with the initial invoice and the account number of the last beneficiary of the credit.

*********************************************************************************

Articles End

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.

Hi Everyone,

I bring you much news today.   

GIVE A GIFT TO MNT GOAT

I decided to allow everyone to give a Free-will GIFT to Mnt Goat on PayPal if you so desire. Here is the link below.

https://paypal.me/MntGoatNewsletter?locale.x=en_US

Going on 10 years now, I have taken my own time from my gasthaus business to research and document findings about the revaluation and reinstatement of the Iraqi dinar. At this time more than ever I do not need to spend my time babysitting and holding your hand in this investment. I do it out of charity and love with understanding that all of us do NOT have the time to go do our own research. We are busy with our jobs, our daily lives and raising our children. So, I try to help out. But remember I too am very busy in my daily life of running a gasthaus (bed and breakfast) and trying to make ends meet. I am no different yet I take the time out each day to complete the task of my newsletter for you. I do not need to do it, as I know the information before you get it.

So, please be generous but only if you can afford it and remember to give. I suggest $5-$10 a month but you decide. Even $1.00 would be helpful. Whatever you can afford will be helpful in this time of Covid where nearly 80% of our business is now gone due to travel restrictions.

Proverbs 19:17

Whoever is kind to the poor lends to the LORD, and he will reward them for what they have done.

More news….

IRAQ’S POSSESSION OF US BONDS INCREASED TO NEARLY $40 BILLION

The US Treasury announced, on Thursday, that Iraq’s possession of US bonds increased by more than 1.7 billion dollars in one month, to reach nearly 40 billion dollars.

And the treasury stated in its latest schedule, seen by Shafaq News Agency, that Iraq’s possession of US Treasury bonds for the month of November of the year 2022 increased by 1.749 billion dollars, to reach 39.717 billion dollars, after it was 37.968 billion dollars during the previous month,” indicating that ” These bonds increased by 87.2% over the same month of the year 2021, when Iraq’s possession of bonds amounted to $21.2 billion.

In the Arab world, Saudi Arabia comes at the forefront of the countries with the most possession, amounting to 121.434 billion dollars, and the UAE comes second with 59.914 billion dollars, then Kuwait third with 50.700 billion dollars, then Iraq fourth, and Oman fifth with 6.875 billion dollars, then Morocco with 3.839 billion dollars.

She pointed out that “the most holders of US bonds are Japan with 1.082.233 trillion dollars, followed by China with 870.000 billion dollars, followed by the United Kingdom with 645.829 billion dollars, and then comes Belgium with 332.881 billion dollars.

(Again, I believe the US is blackmailing Iraq into buying so many bond holdings to support their never ending desire of increased national debt. It all has to end sometimes and can’t continue.)

More news….

AL-SUDANI PUTS THE FINAL TOUCHES ON THE 2023 BUDGET

Prime Minister Muhammad Shia’a Al-Sudani chaired, on Thursday, a special meeting to discuss the final details of the draft federal budget law 2023.
 

A brief statement from Al-Sudani’s office, a copy of which Al-Maalouma received, stated that he presided over a special meeting to discuss the final details of the draft general budget law. Federal Council 2023 in the presence of the relevant ministers.

 The parliamentary and popular circles are awaiting the completion of drafting the budget law and sending it to Parliament for a vote on it as soon as possible.

More news….

STATUS OF THE RV

I hear rumblings that many of my readers still don’t see how things are interconnected between politics and the RV we wait for. You still don’t appreciate the prophets and what they have to offer to us. So, what is a prophet anyhow? Maybe this is the problem in understanding just how important they are in this time of crisis. Many of you still don’t see just how close we are to losing our freedoms and liberties through all these narratives brought upon us by the deep state. Yes, you still just want to be able to exchange your dinar make millions and go on your way. But it does not work that way. Things are not the same as they were just a decade ago. But what will you do with the money when there is no society remaining to enjoy it? Worst yet you won’t even be able to keep the money since the deep state has plans to totally control our lives with their strategized Central Bank Digital Currency (CBDC). Oh yes, there are long-term globalists objectives and putting the right puppets in place as leaders in these major developed countries helps to move along their agenda.

Did you know that Biden signed an executive order in March 2022 to move ahead with research on converting the US dollar to a digital currency? More than likely, this would mean eventually joining some sort of One World Central Banking monetary system with the main banking office proposed to be in China. The research was to commence on December 13, 2022 by the US Treasury. Yes, this new plan is to eventually digitize every currency and so this is how they will control the monetary system on a global scale never seen before. WOW! Essentially, they will control every aspect of your life, if the globalists do pull this off.

Does the American citizens really want a digital currency
connected to a global monetary system?

Did anybody even bother to ask us?

Could the CBDC also be why Iraq is not reinstating their currency?

Could it be why their gold reserves are so high?

Could the CBDC be the real intent of their monetary reform and why we have not heard about the project to delete the zeros as they plan to go strictly to an electronic currency?

Could they have changed their plan since the plan’s conception by Dr Shabibi and the IMF in 2011?

In today’s news we read once again about the problems in getting the citizens to use debit cards. Still, many don’t trust the banks and the mentality is very hard to change. Many still hoard hard currency at home. Plus, even if the citizens did convert to using the cards, how can the merchants service the electronic point of sale (POS) if the electric grid is unreliable?

So then, we also read about the attempt once again to fund the projects in the 2023 budget to get the electric grid running 24/7. Did we witness this effort years ago. Is this déjà vu all over again? So why is this not already accomplished? Is this just talk again?

Also in the news is that the Integrity Committeehad sent an invitation to the host  the Governor of the Central Bank on Wednesday, to come to the committee and discuss the matter of restoring the exchange rate to his predecessor, but he refused to attend. So, the according to  Al-Salami, the head of the committee, the committee is determined to take legal measures against him, especially since he refused the committee’s request to send the details of the daily publication to the banks after sending him an official letter,” stressing that the Integrity Committee has the right to know the fate of the foreign currency in the country, and to find out what is currently going on, is it monopoly or smuggling of hard currency. 

Witnessing the actions of the Governor of the Central Bank, Mustafa Ghaleb, I can’t help but think he too is compromised and just a puppet working for the WEF and the UN outside of Iraq. I have no proof but only a gut instinct on this matter. I will look for other signs and continue my research. But what we do know is years ago the CIA stated that they recommend that Iraq DO NOT become a major player again in the middle east under it potential wealth. This told me they are afraid that if Iraq did ever become truly a sovereign and independent nation again, it would use its power and wealth to revert back to the Saddam Hessen days again.

Remember that during the Battle of Mosul in June 2014, ISIS in Iraq and the Levant (ISIL) militants looted the Central Bank in Mosul, absconding with over US$429 million. So, the looting of Iraq continued even back then. But again, we must ask, where did all this money go?

If we dig deeper, we find that the late Senator John McCain was the brain for creating ISIS or at the least help fund it. McCain then orchestrated the use of ISIS as yet another one of their puppet organizations to create havoc and crisis. McCain, a vocal and vicious outspoken critic of Donald Trump, has been caught posing with Al Qaeda and ISIS operatives in an embarrassing set of pictures posted online. 

The then president Barrack Obama and his secretary of state Hillary Clinton devised a plan to black-market weapon stashed from the fallen Libyan  military. This was of course the the real reason why they took out Muammar al-Qaddafi (Gadhafi) in the first place. They then used ISIS to terrorize the middle east to a much greater extent than Antifa that we witnessed in the US. Yes, they always get their way and if you don’t agree they will find a way to terrorize you to submission. Yes, these are organizations they create for their own use. They use them to terrorize the people and create unrest and chaos. Is it any wonder why they insist in keeping the “war on terrorism” alive?

If we go back even further on January 25, 2011, the Supreme Court of Iraq ruled that the Central Bank of Iraq should be under supervision of the Council of Ministers of Iraq. What? Really? Then Central Bank chief Sinan Al Shabibi warned that the ruling would threaten the institution’s requisite independence. So, are they now really an independent organization or a puppet of the deep state? Are they now being controlled by the newly elected council of ministers under Al-Sudani and the party that put him in power? We know for a FACT that Nori al-Maliki was a double agent for Iran and the CIA. Is he still working in this capacity?

Another very recent development and indication that this January 2011 court ruling is still in effect. The Iraqi Cabinet, led by Al-Sudani has agreed this week to a package of measures aimed at propping up the value of the Iraqi dinar, following continued downward pressure on the currency relative to the dollar. There is a very good article explaining these measures. But oh….wait a second I thought monetary policy was the responsibility of the CBI. So we confirmed that this is no longer the entirely true.

So, was this court ruling later overturned? No, I do not believe it ever was. We then witnessed the plot by Nori al-Maliki in 2010-2011 to raid the CBI coffers it finally came to fruition in December 2012 to take over the CBI from the existing governor Sinan Al Shabibi and oust him. Since this time, we have seen multiple puppet governors put in place. Is Mustafa Ghaleb now just another puppet of the deep state?  But who are they doing the bidding for now since Maliki is no longer the prime minister? Could it be the CBI is under the control of the WEF and the UN unofficially and indirectly making policy through the IMF advising Al-Sudani? Has the CBI lost all independence?

Since this dark period of Nori al-Maliki reign as the prime minister, we have seen delay after delay to complete the necessary currency reform which as we know includes the project to delete the zeros followed by the reinstatement back to FOREX, if you were to carry out the former governor Sinan Al Shabibi’s 2011 plan. Has this plan now changed?   

What else is in the news this period?
Saudi Arabia announces the readiness of its companies to invest in Iraq. An article today tells us that nearly 25 companies are ready to enter and invest in Iraq. All good news. The Saudi would make good investors for Iraq.

Saudi Arabia was also noted to be open to discussions about trade in currencies with Iraq other than the US dollar, according to the kingdom’s finance minister. There are no issues with discussing how we settle our trade arrangements, whether it is in the US dollar, whether it is the euro, whether it is the Saudi riyal, Mohammed Al-Jadaan told Bloomberg TV on Tuesday in an interview in Davos. This is exactly what we want to hear. Get it?

Remember also that during President Xi Jinping’s visit to Riyadh last year, the two countries agreed to boost coordination on energy policy and exploration. During that trip Xi said that China would make efforts to buy more oil from the Middle East and also wanted to settle that trade in the yuan. So, getting off the 1971 petro-dollar for Iraq may be a real possibility someday soon. This would require Iraq to re-peg from the sole peg of the US Dollar to a basket of global currencies, something that should have been done a decade or more ago.

We want Iraq to pay for their imports in dinar and for other countries to willingly accept the dinar. Yes, the Saudis could be the beginning of this trend. This way Iraq can get off this sole peg to the US dollar and maybe end the manipulation of their currency through these currency auctions.

The Energy minister of Iraq, Abdul Latif Rashid stressed on Wednesday the importance of approving the oil and gas law to achieve justice in the distribution of wealth, while stressing the importance of concerted efforts and unification of visions regarding the challenges facing all Iraqis.

According to the statement, the president called for “the need to give priority to the national interest in all outstanding issues of the oil and gas law and find decisive solutions to them in accordance with the constitution and the law, and the importance of approving the draft oil and gas law to achieve justice and adopt transparency in the distribution of wealth among Iraqis.

More news….

Do we base our opinions on FACTS or EMOTIONS? Continued

THE GRETA THUNBERG STORY

I wanted to continue today on this liberal theme of using Greta Thunberg to manipulate our minds. I wanted to bring you up to date on yet another episode of this Greta scam they are playing on us with this FAKE Climate Change crisis. Do you think they are paying her $$$? Yes, it is a sensitive topic for many since you maybe even have been suckered into believing her through your emotions and not instead your common sense and scientific facts. Thus, the propaganda machine and how it works.  

Do you see it now? Am I making this stuff up?
Why is the Greta Thunberg Story such an important lesson to learn?

But the ongoing saga of all of these liberal the narratives and escapades of the deep state don’t end only with the climate change narrative. Oh no! There are much more. This is only a part of it. The tip of the iceberg, no pun intended….lol..lol..lol.. They have filled society with so many of their narratives already we are drowning in them. Oh…but the subversion tactics call for them, since remember you can’t subvert a nation into submission if everything is normal. You must create crisis after crisis and so are we now witnessing. They now use these narrative to justify almost anything. Pay attention to how they use them.

The globalist elite are using a variety of these narratives including the following:

  • Constant War
  • War on Terrorism
  • Global Warming
  • Biological Pandemics
  • Cancel Culture
  • Rigged Elections

I will try to cover many of these narratives in much more detail in future newsletters. I will cover one today so many of you can understand how it is orchestrated and the impacts on society. So what we experience in society is by no means “normal”. They control our lives because they control our thinking. Oh…what a wonderful world it could be if only these people left us alone. So, this is World War III we are now in and we experience it every day.  

1.Constant War– they justify it by “humanitarian” crisis or terrorism. A “big bad bully” dictator is going to blow up the planet…

What does she know that we don’t?
Remember she was a US Senator.

After watching the video with Tulsi Gabbard, we should be asking why does the US want a change in leadership in Russia?

Could it be that the One World Govt wanted a different outcome to the energy crisis in the EU? Nearly 90% of the energy source for the EU countries is natural gas and Russia has plenty of it and supplied it via the Nord Stream gas pipeline. One of the early casualties of Russia’s invasion into Ukraine was the Nord Stream gas pipeline, a massive energy project that cost $11 billion. Russia simply did a covert operation and blew it up as NATO tried to take control of the pipeline pumping facilities. Another pipeline Nord Stream 2 also exists. This is a 1,234 km offshore pipeline designed to double the flow of gas between Russia and Germany. It remains intact and can possibly be turned on in the future.

What is this Russian Invasion Really all about?

Russia does not want to be part of the “One World Govt” globalist takeover and has been expressing its concern over these efforts of the UN and WEF for years prior to the invasion. Now finally with the Ukraine invasion, it has come to a head. This is the real reason why Russia invaded the Ukraine. The rest is just all about accomplishments of military style missions throughout the Ukraine for the purpose of “resetting” Ukraine. They are being checked off, one by one as they are completed by the Russians.

Why would you want to invite Volodymyr Zelensky into the US Congress ? This was nothing more than a political news media stunt from Nancy Pelosi to send yet more funding to the NATO global govt forces to fight Russia. NATO has become noting more than the foundation for global military force, doing the bidding of the G7 elite. But by now you should be able to see just who are the bad guys are and who the good guys are. Zelensky is a globalist and a G7 globalist puppet.

Zelenskyy is a Ukrainian politician and former comedian and actor who has served as the sixth and current president of Ukraine since 2019 since the fall of the Iron Curtain. Seems to me these globalist are good at selecting their puppet actors to lead their controlled countries. They can’t put intelligent people in these positions since they might figure it out and turn on them as many have in the past i.e. Saddam Huissen.

There is so much conflict between Russia and these globalists that you are not aware of as common people. Why would you hang a Ukrainian flag at your home in solidarity for this country? Wouldn’t you want to know the TRUTH first? Globalists mandates for developed countries for many of these countries, like Russia, simply do not want to go along with them. They are harmful and not in the best interest of the nation. They claim these are invoking upon their national sovereignty. The mantra from the globalist now is president Putin has to go and be replaced. Now you know why, like with president Trump, they must get rid of any leader who does not agree with their globalist agenda and support their mandates.

With Russia, agreements were made to end the cold war during the Reagan years in the 1980’s. The “Iron Curtain” was torn down. One of these agreements of that time was never allow NATO forces into formerly held  Russian satellite countries. This promise has since been broken. Also, NATO was to stay out of these countries. Recently the globalists under NATO want to position nuclear warheads aimed at Russia in these countries.

To add to the crisis, Russia threatened to cut off the energy supply to the EU if these issues were not resolved. They were not resolved and ignored. Also Russia, under their intelligence agency, much like the CIA, learned of Bio labs throughout the country of Ukraine. These labs, poised a threat to the Russian people (and to the world) and this was especially apparent after the Covid 19 pandemic. What were these labs developing? Upon raiding many of them since, the Russian army as found viruses that would shock the world in what they had planned for the world was carried out. These news deadly viruses were planned in reducing the population with a series of more powerful releases.

So, if the US is really about supporting freedom and is really concerned about ending this biological warfare on the world’s population, post Covid, it would support Russia and not Zelensky’s Ukraine. Right?

This intentional manipulation of our minds and our behavior:

It must end if we are truly EVER be FREE! 

We must keep praying to the almighty God to help us through this war. Please feel free to pray the short prayer I include at the end of each Newsletter. Yes, there are many religions but only one God. We can see His hand at work.

Prophet Hank Kunneman – where the US is heading…
Many of you doubt the prophetic word and so let’s see what happens in 2023.

*************************************************************

Formal Articles are below. Please see my comments in bold italic fonts in brackets (  ) throughout the articles.  Also, I separated the articles with asterisks and highlighted in bold any important lines worth noting.

*************************************************************

Articles Begin

AL-MALIKI’S COALITION: THE AMERICAN AMBASSADOR IS MAKING MOVES AGAINST THE IRAQI ECONOMY

Today, Thursday, the leader of the State of Law Coalition, Fadel Mwat, accused Washington’s ambassador to Baghdad of destabilizing the security and economic situation in Iraq, while he considered the ambassador’s meetings with ministers and political parties a “big breach.”

Mawat said in an interview with Al-Maalouma agency that “the moves of the US ambassador to Iraq, Elena Romanowski, have destabilized the economic security situation,” stressing his “total rejection of these unofficial moves.”

He added, “The ambassador is not entitled to conduct meetings directly with ministers or political parties,” pointing out that “this breach exists only in Iraq, and America had full guardianship over the country.”

And the leader in the coalition called on the Sudanese government to “the need to limit the actions of the American ambassador, because she continues these movements with the political blocs or some ministries during a certain period after which we notice the occurrence of political instability and thus the impact on the security situation, which also casts a shadow on services and work in a manner year inside Iraq.

***************************************************************************************************************

AFTER REFUSING TO ATTEND. PARLIAMENTARY INTEGRITY MOVES LEGALLY AGAINST THE GOVERNOR OF THE CENTRAL BANK

The Integrity Committeesent an invitation to the host yesterday, Wednesday, to the Governor of the Central Bank to come to the committee and discuss the matter of restoring the exchange rate to his predecessor, but he refused to attend.

Al-Salami stated, “The committee is determined to take legal measures against him, especially since he refused the committee’s request to send the details of the daily publication to the banks after sending him an official letter,” stressing that the Integrity Committee has the right to know the fate of the foreign currency in the country, and to find out what is currently going on, is it monopoly or smuggling of hard currency. 


Committee member Hadi al-Salami said in an interview seen by Al-Maalouma that the committee, after the continuous follow-up of the rise in the exchange rate of the US dollar against the Iraqi dinar, which led to great resentment because of its great impact on the transactions of traders and local markets and its direct impact on the daily sustenance of citizens.

Al-Salami added that the committee is determined to take legal action against him, especially since he rejected the committee’s request to send the details of the daily publication to banks after sending an official letter to him. 

He pointed out that “the committee has a plan and continuous follow-up on the rise in dollar prices because of its direct and significant impact on the lives of citizens and the sustenance of their families.” 

**************************************************************************************************************************

SAUDI ARABIA ANNOUNCES THE READINESS OF ITS COMPANIES TO INVEST IN IRAQ

Deputy Prime Minister and Minister of Foreign Affairs, Fouad Hussein, confirmed today, Tuesday, that Iraq is seeking 25 Gulf investments as an occasion for the gathering of Gulf brothers in Iraq.

The ministry stated, in a statement, that “Hussein met with the Saudi Foreign Minister, Prince Faisal bin Farhan Al Saud, on the sidelines of the Davos World Economic Forum meetings.”

The statement added, “The meeting discussed bilateral relations between the two brotherly countries, in addition to discussing the regional situation in the Gulf region and the Middle East.

The minister began the meeting by expressing the depth of relations between Iraq and the Kingdom of Saudi Arabia, stressing Iraq’s endeavor to strengthen Gulf relations in general and Iraqi-Saudi relations in particular, because of their strategic importance for Iraq.

He explained, Iraq seeks to invest in non-traditional diplomacy in the Gulf 25, which is currently being organized in the city of Basra as an occasion that brings together the Gulf brothers in Iraq.

For his part, the Saudi Foreign Minister expressed his thanks for providing this opportunity for the purpose of discussing and exchanging views on Iraqi-Saudi relations and the latest current events in the region. He also expressed the Kingdom of Saudi Arabia’s support for the Iraqi government’s efforts aimed at promoting democracy and prosperity for Iraq.

He stressed that “Iraq’s geographical location and available resources make it an important pillar in the region and enhance the role it can play regionally.”  He pointed out, “We must work to strengthen economic relations between the two countries, and that Saudi companies are ready to invest in the Iraqi economy.”

**************************************************************************************************************************

SAUDI ARABIA SAYS OPEN TO SETTLING TRADE IN OTHER CURRENCIES BESIDES DOLLAR

(Bloomberg) 1-17-23


(Don’t go off half-cocked with hype yet. They did not say they are doing it but only “open” to it. Get it. It is still in discussions.)

Saudi Arabia is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister.

There are no issues with discussing how we settle our trade arrangements, whether it is in the US dollar, whether it is the euro, whether it is the Saudi riyal, Mohammed Al-Jadaan told Bloomberg TV on Tuesday in an interview in Davos.

(This is exactly what we want to hear. Get it? We want Iraq to pay for their imports in dinar and for other countries to willingly accept them. This way they get off this sole peg to the US dollar and finally they can take off on their economy. One thing leads to another and soon they can reinstate the dinar.)

I don’t think we are waving away or ruling out any discussion that will help improve the trade around the world,” Al-Jadaan said.

The world’s largest oil exporter, which has maintained a currency peg to the dollar for decades, is seeking to strengthen its relations with crucial trade partners including China. The kingdom is a pillar a petrodollar system established in the 1970s that relies on pricing crude exports in the US currency.

During President Xi Jinping’s visit to Riyadh last year, the two countries agreed to boost coordination on energy policy and exploration. During that trip Xi said that China would make efforts to buy more oil from the Middle East and also wanted to settle that trade in the yuan.

“We enjoy a very strategic relationship with China and we enjoy that same strategic relationship with other nations including the US and we want to develop that with Europe and other countries who are willing and able to work with us,” Al-Jadaan said.

Saudi Arabia is also working with multilateral institutions to provide support to Pakistan, Turkey and Egypt, as part of the kingdom’s largesse to nations it deems “vulnerable,” Al-Jadaan said.

We are investing heavily in these countries and will continue to look for opportunities to invest,” Al Jadaan said. It’s very important to bring stability.

The minister said his country is looking to invest $10 billion in Pakistan. It already extended the term of a $3 billion deposit to boost its foreign-currency reserves late last year, and Saudi Arabia is now exploring the possibility of increasing the amount.

We are providing even oil and derivatives to support their energy needs,” Al Jadaan said. So there is a lot of efforts, but we wanted this to be conducted.

The kingdom is also discussing with the World Bank and other institutions how can it be “more creative to provide that support” to Pakistan, the minister said.

(Do you remember that this was also part of Jared Kushner’s middle eastern plan under Trump – to bring peace through economic development stop wasting so much on constant war and terrorism. Trade pays better without all the hassles and sanctions. They get it but does Iran?) 

**************************************************************************************************************************

IRAQI GOVT PROPS UP VALUE OF IRAQI DINAR

By John Lee.

The Iraqi Cabinet has agreed a package of measures aimed at propping up the value of the Iraqi dinar, following continued downward pressure on the currency relative to the dollar:

1.All government agencies are required to sell all goods and services inside Iraq based on the Central Bank USD exchange rate of 1470 IQD per 1 USD.

What was stated in Paragraph (1) above includes sales of goods and services from the private sector, especially the offices of national and foreign airlines, commercial agencies, telecommunications and Internet companies, and sales of residential investment complexes. It is emphasized that the prices of goods and services are in Iraqi dinars based on the Central Bank exchange rate.

2.The Central Bank sells dollars to the parties mentioned in Paragraph (2) at a rate set by the Central Bank of 1460 IQD per 1 USD for remittances and 1455 IQD per 1 USD to cover letters of credit after they pledge to sell using Iraqi Dinar. It will be announced on the official websites of the concerned authorities of sales outlets.

3.The Central Bank of Iraq develops a streamlined mechanism within one week from the date of the decision, through which the private sector mentioned in paragraphs (2 and 3) above can get US dollars at the official exchange rate. The bank also secures private sector transfers outside Iraq at the official exchange rate to cover their obligations.

The decision was made at this week’s cabinet meeting, chaired by Prime Minister Muhammad Shia Al-Sudani.

(Folks these are all good policies to work towards standardization of the exchange rater something they will have to do if going to back to FOREX. They will also have to outlaw the street venders who exchange and force people to go to the banks to exchange currency, like it or not. The banks in return must clean up their act and provide honest and legal services. This will create trust among the citizens to go to the banks.)

**************************************************************************************************************************

ECONOMIST: ELECTRONIC PAYMENT REDUCES CORRUPTION AND CONTROLS THE DOLLAR IN IRAQ

 

The economist, Bassem Jamil Antoine, confirmed today, Wednesday, that electronic payment will reduce corruption and control the exchange rate of the dollar, while citizens considered that the process was unsuccessful in Iraq due to the poor living conditions of many of them.

Antoine said in an interview with Shafaq News agency, “Everything new that enters the citizen’s daily life encounters a kind of objection and resistance until they get used to it,” noting that this situation requires operations before starting it, such as educating and educating the citizen about the importance of electronic payment, and awareness and media, especially Some citizens’ culture in this matter is considered simple.

He added, although the process of starting electronic payment cards will be in the month of June, until the import of (POS) devices and (ATM) devices, there is also an option for cash payment that the citizen can widely use.

(Oh wait a second…. Haven’t they been telling us for years now that they have already gone electronic POS and  have the devices? I believe the problem lies in not having the 24/7 availability of electricity to run the machines at checkout. We they recently read multiple articles on Siemens and/or Iran contracting to provide the necessary grid. Also, we read that more than half the citizens already have debit cards to use on the machines. So this reminds me of the news of years ago. Seems they are starting all over again, which I know they are not. Remember these machines have to go somewhere (CBI or FOREX) to get the currency rate of the dinar.)

ADVANTAGES:

And Antoine stressed that electronic payment has one of the good advantages in its use, which is reducing errors in cash accounts, and it also protects people from the transmission of diseases, and reduces corruption, as it will impose control on the dollar when capitals are released and laundered, meaning that there will be control over them, and this matter is also It is used in almost all countries of the world.

DISADVANTAGES:

For his part, the citizen, Hassan Hadi, said in an interview with Shafaq News agency, “Despite the electronic payment process, it is considered one of the banking development processes, which is what is in effect in the countries of the world, but it cannot be applied in a country like Iraq,” noting that most of the citizens in Iraq are from the poor class, whose strength is on a daily basis, and therefore they do not have financial surpluses in order to fill the card with money to shop with it from shopping stores, restaurants, and other stores.

He added, “The banks in Iraq, whether governmental or private, are shrouded in many problems and administrative red tape that are difficult to deal with and issue such electronic payment cards.

Yesterday, Tuesday (January 17, 2023), the Prime Minister issued several decisions, including activating the electronic payment process in all aspects of our lives, directing the Central Bank of Iraq to facilitate procedures for granting licenses for collecting bank cards using points of sale (POS), reducing commissions on banks and obligating All centers and shops of all kinds by opening bank accounts and providing point-of-sale devices for electronic payment.

**************************************************************************************************************************

PRESIDENT RASHID STRESSES THE IMPORTANCE OF PASSING THE OIL AND GAS LAW TO “ACHIEVE JUSTICE IN THE DISTRIBUTION OF WEALTH

Baghdad – President

Abdul Latif Rashid stressed on Wednesday the importance of approving the oil and gas law to achieve justice in the distribution of wealth, while stressing the importance of concerted efforts and unification of visions regarding the challenges facing all Iraqis.

The Presidency of the Republic said in a statement received by (Baghdad Today) that President Rashid received at his residence, the President of the Kurdistan Regional Government, Masrour Barzani, on the sidelines of the Davos Economic Forum in Switzerland.

The statement added that the meeting included a review of the latest political and security developments in Iraq. They also discussed the misunderstanding between the Kurdish political parties and the need to focus on solving problems and putting the interest of the citizens of the region first and at various levels, especially those related to government decisions directly related to people’s livelihood, he said.

According to the statement, the president called for “the need to give priority to the national interest in all outstanding issues and find decisive solutions to them in accordance with the constitution and the law, and the importance of approving the draft oil and gas law to achieve justice and adopt transparency in the distribution of wealth among Iraqis.

For his part, Barzani stressed the need to adopt serious dialogue to solve the problems between political forces and the need to reach understandings that enhance unity among Iraqis and achieve their aspirations for a free and dignified life, according to the statement.

The statement pointed out that participation in the work of the Davos Economic Forum was also discussed, and the importance of conveying the picture of development, progress and stability that took place in Iraqi cities.

**************************************************************************************************************************

*************************************************************

Articles End

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.

Hi Everyone,

I bring you much news today.   

GIVE A GIFT TO MNT GOAT

I decided to allow everyone to give a Free-will GIFT to Mnt Goat on PayPal if you so desire. Here is the link below.

https://paypal.me/MntGoatNewsletter?locale.x=en_US

Going on 10 years now, I have taken my own time from my gasthaus business to research and document findings about the revaluation and reinstatement of the Iraqi dinar. At this time more than ever I do not need to spend my time babysitting and holding your hand in this investment. I do it out of charity and love with understanding that all of us do NOT have the time to go do our own research. We are busy with our jobs, our daily lives and raising our children. So, I try to help out. But remember I too am very busy in my daily life of running a gasthaus (bed and breakfast) and trying to make ends meet. I am no different yet I take the time out each day to complete the task of my newsletter for you. I do not need to do it, as I know the information before you get it.

So, please be generous but only if you can afford it and remember to give. I suggest $5-$10 a month but you decide. Even $1.00 would be helpful. Whatever you can afford will be helpful in this time of Covid where nearly 80% of our business is now gone due to travel restrictions.

Proverbs 19:17

Whoever is kind to the poor lends to the LORD, and he will reward them for what they have done.

More news….

RULE OF LAW: THE 2023 BUDGET WILL BE PASSED IN RECORD TIME

 member of the Iraqi Council of Representatives for the State of Law Coalition, Firas Al-Muslimawi, announced today, that the Council of Representatives seeks to pass the 2023 budget in record time as soon as it arrives from the government, indicating that the amendments are in a “healthy” condition.

(I don’t know how they tell time in Iraq. They must have watches on some kind of delay mechanisms to set them months back from reality….lol..lol..lol.. ☹. Heck they all know that the budget will NOT get done in record time as it NEVER is done in record time and they say this each year that it will. Go figure.)

More news….

GOLD PRICES ROSE ON FRIDAY

Gold prices rose on Friday to head for gains for the fourth consecutive week, supported by a weaker dollar and expectations that the Federal Reserve will raise interest rates at a slower pace.

Spot gold rose 0.1 percent to $1,898.57 an ounce at 0234 GMT. Its prices have risen 1.8 percent so far this week. U.S. gold futures rose 0.1 percent to $1,899.60.

More news….

SADRIST MOVEMENT IS GETTING READY TO STRIKE ON AL-SUDANI’S FAILURES

Thousands of worshipers, followers of the Sadrist movement, began to flock to the unified Friday prayer places in Baghdad and the provinces.

The committee supervising the establishment of the unified Friday prayer in Baghdad, affiliated with the Sadrist movement, held an expanded meeting to discuss the development of the latest touches for the success of this obligation.

(Maybe Al-Sadr needs to tear apart Iraq to get the US to give them some slack? I don’t think this would be a good thing in the long run. Heck.. if Iraq was smart, they would come back to the US and tell them they also have conditions that if they comply with the US terms they need to get what they want too. It flows both ways. This might be the way they finally get their currency back on FOREX. They too should apply pressure back on the US Treasury… Remember Al-Sudani is coming to Washington DC on February 8th. We will see what happens as a result of this meeting. It could all work out in the long run. Remember too the pressure in the streets is building fro something to be done. The cork could fly off the bottle at any moment…wow…pop,,pop,,pop!)

More news….

AN EXPECTED VISIT OF AN IRAQI DELEGATION TO WASHINGTON, AND THE “DINAR AND DOLLAR” FILE IS AT THE FOREFRONT OF THE TALKS

Deputy Prime Minister for Economic Affairs and Foreign Minister Fuad Hussein announced, on Saturday, that he will lead a high-ranking Iraqi delegation to visit the United States on the eighth of next February. 
 
“The delegation, which includes economic officials and from the Central Bank, will hold meetings with senior US officials in Washington to discuss the issue of the dinar and the dollar, and the economic relations between the two countries,” Hussein said in an interview with the “Rudaw” network, followed by “Al-Iqtisad News”.

More news….

ECONOMISTS WARN OF “MASSIVE” ANGER IN THE STREET: THE DOLLAR WILL REACH 170 THOUSAND 

Today, Sunday, the expert in economic affairs, Raad Al-Masoudi, confirmed that the dollar is facing two strong pressures in the Iraqi markets, warning of the overwhelming anger of the street.
Al-Masoudi told (Baghdad Today) that “the rise in the exchange rate of the dollar in recent weeks has led to an increase estimated at 7-10% in prices on average in the Iraqi markets,” adding, “But its frequencies will be greater due to the high import costs with the presence of speculation.” And monopoly and weakness in the control tools, which means that the citizen’s attrition will be at the highest levels.”


He added, “The smuggling of the dollar out of the country and the pressure of the US Treasury on the central bank constitute two strong pressures on the exchange rate, pointing out that its rise to 170 is very likely,” noting that “the danger of the high price of the dollar and its impact on the markets will create a suffocating economic crisis that may lead to a wave of Massive demonstrations, especially since the poverty rate in the country exceeds 30%, which means that the situation will be very complicated if there are no logical solutions to the current crisis.

More news….

STATUS OF THE RV

Remember that in previous news from Iraq the CBI told us that they must work in conjunction with the Finance Ministry and Parliament to get any funding they needed to complete the “project to delete the zeros”. Also the Finance Committee and the CBI has an informal agreement to collectively support any other currency reform measures. Of the three parties the hardest part in the past was to get parliament to accept the necessary reform changes to allow these projects to move ahead, especially the ones that we want as investors. So, the week we have some good news in this area as a member of the House of Representatives, Sherif Suleiman, said, on Saturday, that raising the crisis of the high exchange rate of the dollar and the central bank’s measures regarding it will be a priority for Parliament in the upcoming sessions.

Having read this I said to myself “good luck with that” as we also know that because in this period of news we also hear that the US administration is working to achieve its interests and gains by exerting pressure on the government through a set of files, including the dollar, and seeking to raise its value against the dinar. Folks this means shrinking the rate of the dinar if the rate of the dollar increases.  

Question from the blog: So, what I am hearing is this probably won’t happen anytime soon since they have been unable to curb the corruption over the last 8+ years. Isn’t there a way to expose those who exchanged early to put pressure on them somehow?

Mnt Goat Answer: If the “this” you are referring to is the reinstatementthen you are correct and I have telling you all along now for years since the days of Nori al-Maliki as prime minister that he is the key to ending the corruption. He is the head of the snake they need to chop it off but they won’t for some reason. But I know why they won’t and I have told you many times already. I will not get into that today again.

The corruption must end with the stealing of money from the CBI reserves. This should be of no surprise to you. I don’t see the confusion here. Remember the CBI reserves are not in Iraq and I showed you an article telling us that oil in paid in US dollars to bank accounts in the US controlled by the US Treasury. The Treasury then electronically transfers money to Iraq as requested to meet the currency auction needs each week. Only after audits by the US Treasury did they consistently find that the auctions were requesting almost three times the required money from the US to meet their needs of imports. Why? Where was all this money going? Then the US Treasury went a step further and traced much of the money and it was ultimately making its way to Iran.

Exposing the crimes of the early exchanges is not going to help the situation now but will in the long-term later. You can’t blackmail the US Treasury. Actually, the US probably needs to stay in Iraq for national security reasons and so go figure. But someday this exposure will happen. It is coming.

Right now, for our sake Iraq needs to bend to the will of the US and shut down Iranian influence in all avenues especially the money laundering. So, this election did not go so well after all then did it, as far as the US is concerned. This is the problem with the US. They support the wrong candidates then later there is a mess to clean up. They did it with supporting Nori al-Maliki and again when they left Al-Sadr holding the bag by not supporting him fully during the elections. He had no choice but to react the way he did.

So now they are left with this mess once again. Will Sadr get the protestors  going again? I do not see much use in this at this point other than to put pressure on the US and Al-Sudani to go to Washington and make his demands too. This time the Iraqi government will have to face the US Treasury not Sadr. This situation is beyond Sadr’s influence. However, Sadr can hold his Friday prayer sessions in the mosques and get the people to understand fully what is going on and maybe a solution. He can buy time for the government of Al-Sudani to wake up and smell the roses and pay his visit to Washington DC.

What else is in the news this period?

US INTERESTS IN IRAQ DELAYS RV

The US administration is working to achieve its interests and gains by exerting pressure on the government through a set of files, including the dollar, and seeking to raise its value against the dinar. Basically, the US has decided to use the dollar as leverage, and some call it blackmail, to get Iraq to go along with its policies which we will find out by an article today that also includes leaving US troops in Iraq. It is my understanding it would not be a very good option for the US to pull out of Iraq. We know what happened in the aftermath of the 2011 pullout by Obama. A nightmare occurred. The middle east is not yet ready for the withdrawal of the US.

We all should realize that the Iranian backed Al-Sudani government voted in through the Coordination Framework had every intent of making sure the US troops were out of Iraq during their tenor. I am not suggesting any of these moves are good or bad politics for either side only to inform you of what is going on in Iraq and why, thus causing a delay in the reinstatement of the dinar. Yes, they go from one saga to the next. When will it end?  

So, this week a member of the Finance Committee, Jamal Cougar, said in a press interview, that the return of the exchange rate to what it was (1450) is very difficult, unless Iraq adheres to the terms and requests of the US Federal Bank. These conditions of the Federal Bank relate to the issue of the electronic platform, and the amounts that are released from America to Iraq, which come through correct electronic transfers in which all conditions are met, and Iraq has not yet adhered to the electronic platform fully. This new platform has built in AI checks and human reviews and looks for irregularities and names of terrorists and other organizations. It is hard to fool.

He continued, Iraqi banks are not cooperative in approving the conditions of the Federal Bank, and the next stage is either for Iraq to comply, or to impose more restrictions on it. Wow! This sounds like a threat to me. Will the US resort to more sanctions? Can they really put Iraq back into Chaper VII? So as long as the US holds up funds to Iraq they will have a shortage of US dollars thus the rate will stay high for dollars thus low for dinar. A simple matter of supply and demand. Oh…but the solution could be to de-peg from the US dollar but this will need support and approval from the US Treasury and so you think the US Treasury is going to comply?

Where all this stupid news that the IQD is going to revalue or reinstate by the end of January is just foolish wishful thinking by these so-called intel gurus. I do not see this mess being cleaned up in two weeks. Do you?

IRAQ’S  ELECTRIC GRID

The German engineering company (Siemens) is a pioneer in the field of energy production, and it has a plan to raise the rates of electricity supply to Iraq,” Iraq developed a road map to end the energy tragedy in Iraq 7 years ago, but Washington deliberately disrupted it in various ways and there is a lot of evidence. Ali Akbar Mehrabian added, this morning, Tuesday, in a meeting with the Iraqi Minister of Electricity, Ziyad Ali Fadel: The Islamic Republic of Iran is actively seeking also to get involved in the reconstruction of the Iraqi energy grid. Again I have to say that we read articles years ago under other prime ministers that they contracted this work out. According to their timeline then, it should all be up and running by now. So what happened back then. Why is the grid not already up and running fully?

Why is this so important to us as investors in the dinar?

Folks this question should be easy to answer…right? Modern banking is all electronic. Get it? Even to conduct electronic transfers of funds needs the electric grid up and running 24/7. Once Iraq goes international this will be a necessity. Its this holding back the RV? Could be one of those issues too. It is not all about having air conditioning for the summer and comfort…lol..lol..lol…. 😊  

ARTICLE 140 OF THE IRAQI CONSTITUTION

So, first let me reiterate that Article 140 was required to be implemented as in the constitution. They do this by writing laws to implement the constitution. So, the constitution stipulates that a “referendum” must be written and implemented as to how to apply Article 140. Is this already done? No, it is not. In today’s new we find with 100% proof it is not yet done. So please tell all your intel guru friends they are wrong.

The Federal Court, in its decision No. 71 of 2019, affirmed the survival of Article 140 of the constitution and the need to apply it as the constitution stipulates normalization, referendum, and determination of the will of the voters.

Why is Article 140 so important?

Iraq has told us way back in 2010 that the entire new Iraqi constitution must be fully implemented prior to reinstatement of their currency. I can only surmise that this is still true but maybe policies are waived if the progress is moving along? We know in 2013 Dr Shabibi had the green light to reinstate and so go figure there was no referendum yet back then for Article 140. But I will say again that policies do change over time depending who is making up the rules. Get it? Yes, I don’t like these shifts in policy, but it is reality.

When is the news going to report the FACTS?
Trump on FREE Speach

This is not the same Joe Biden in these pictures.

Can you see it too?

Simply put, someone does not age this much in only 2 years.

*************************************************************

Formal Articles are below. Please see my comments in bold italic fonts in brackets (  ) throughout the articles.  Also, I separated the articles with asterisks and highlighted in bold any important lines worth noting.

*************************************************************

Articles Begin

THE PARLIAMENTARY FINANCE COMMITTEE FIRES THE COUP DE GRACE AT THE PRICE OF THE OLD DOLLAR: ITS RETURN IS DIFFICULT, IF NOT IMPOSSIBLE

 
A member of the Finance Committee, Jamal Cougar, said in a press interview, “The return of the exchange rate to what it was is very difficult, unless Iraq adheres to the terms and requests of the US Federal Bank.”

And between Cougar, “The conditions of the Federal Bank relate to the issue of the electronic platform, and the amounts that are released from America to Iraq, which come through correct electronic transfers in which all conditions are met, and Iraq has not yet adhered to the electronic platform.”

He continued, “Iraqi banks are not cooperative in approving the conditions of the Federal Bank, and the next stage is either for Iraq to comply, or to impose more restrictions on it.”

*************************************************************

THE CENTRAL BANK CLARIFIES ITS PROCEDURES FOR MONITORING THE PERFORMANCE OF PRIVATE BANKS AND IMPROVING THEIR WORK

Today, Sunday, the Central Bank of Iraq clarified its procedures for monitoring the performance of private banks and improving their work, while noting that only banks that are able to perform their functions remain in the banking sector.

The bank’s advisor, Ihsan al-Yasiri, told the official agency, followed by (Al-Oula News), that “three years ago, the Central Bank of Iraq initiated procedures to complete reform procedures in the banking sector,” noting that “the private banking sector is one of the promising sectors in Iraq, as it gives the central bank it is of great importance, just like the government banking sector.”

Al-Yasiri added, “The central bank does not distinguish between the private and public sectors, but the private banking sector is one of the engines of development in Iraq, in addition to the government sector,” noting that “the private banking sector has a role in spreading the funds of the Central Bank of Iraq’s initiative in lending to different sectors.” (residential, agricultural, industrial, and commercial), as his effort was clear in this field.” 

He pointed out that “some banks suffer from a group of problems, and the Central Bank, in turn, is currently taking several measures to enable them to stabilize and reassure the public of their performance,” stressing that “there are other banks that are doing well and playing excellent roles.”

He pointed out that “the central bank, due to its confidence in some private banks, has initiated measures to encourage foreign banks and foreign central banks for the purpose of opening financial corridors for them, to enable them to practice money transfers for foreign trade purposes.”

He stressed that “the central bank usually supports every bank that tries to improve performance and services provided to the public, as a result, the private banking sector is an important part of the Iraqi banking sector, and the central bank attaches great importance to it and encourages it to improve performance.”

And he indicated that “public confidence in the private banking sector and the banking sector in general is increasing little by little in an exponential manner with the strength of the Central Bank’s procedures and control.”

And he continued, “The private banking sector and initiative funds are currently financing the development of projects, the establishment of new projects, and the employment of the unemployed,” stressing that “some banks are trying to reach satisfactory levels.”

He noted that “the Central Bank is currently monitoring the performance of some banks and supervising their performance, and there is nothing left in the banking sector except for good banks that are able to perform their functions.”

(This last paragraph to me sounds like they have the corruption now under control.)

*************************************************************

AL-FATEH: AMERICA EXERTED PRESSURE FROM THE FIRST MOMENT OF AL-SUDANI’S ASSUMPTION OF POWER

 A member of the Al-Fateh Alliance, Salam Hussein, confirmed, on Friday, that America is exerting pressure on Iraq, especially after the Sudanese takeover of power, pointing out that Washington is using the dollar as a pressure card on the government in order to pass its interests in Iraq. 

Hussein said, in an interview with Al-Maalouma, that “America has put pressure on the current government from the first moment when Muhammad Shia’ al-Sudani assumed the premiership, and Washington stands behind the files of the dollar and the theft of the century.”

He added, “The US administration is working to achieve its interests and gains by exerting pressure on the government through a set of files, including the dollar, and seeking to raise its value against the dinar.” 

And he indicated that “the coordinating framework and the rest of the parties are working to thwart the American pressures exerted against the government by taking a set of measures to ensure that American interests and agendas are not achieved, and to remove its forces from Iraq and hold them accountable and those with them who committed the crime of assassinating the leaders of victory.

(So, does this sound like the US Treasury wans to raise the value of the dinar any time soon? Just asking….. ☹. So lets stop all this intel guru bullshit that the RV is imminent.)

*************************************************************

MUHANNAD AL-KHAZRAJI: AL-SUDANI’S VISIT TO BERLIN WILL CREATE A TURNING POINT IN THE IRAQI ECONOMY

 Member of the Oil, Gas and Natural Resources Committee, Representative Muhannad Al-Khazraji, confirmed that the visit of Prime Minister Muhammad Shia Al-Sudani to Berlin will create a major turning point in the Iraqi economic file, especially with regard to the electricity and associated gas files.

Al-Khazraji said in a statement, “The delegation that will accompany Al-Sudani, the majority of whom are specialists in the economic field, to develop effective solutions to all economic crises,” noting that “the electricity file will be a top priority, as it is one of the most important challenges facing Iraq since the change to today, and it is spent on it annually billions of dollars in vain.

He added, “The German engineering company (Siemens) is a pioneer in the field of energy production, and it has a plan to raise the rates of electricity supply to Iraq,” noting that “Iraq needs 24,000 megawatts annually, and in reality there are only 13,000 megawatts, and this is what causes interruptions.” The current lasts for long hours, even in winter.

He explained that Iraq wastes more than 1,500 cubic meters of gas per day, and invests only 1,200 cubic meters, meaning that it loses more than 60% of its associated gas on a daily basis. This left behind environmental problems related to air pollution and greenhouse gas emissions, and deprived the country of an important source of energy, forcing it to import from abroad.

He pointed out that “financial, banking, industrial and technological cooperation files will all be present in the Sudanese agenda, in addition to the electricity and gas files.”

(Like I said in my previous newsletter dated 01/12. How many times have we seen this attempt already to get the electric grid running in full? So here we go again. Another corrupt attempt. It never is completed because the money is stolen and the job left unfinished. Folks they are all nothing but show and tell…nothing will get done. Just a way to get money out of the CBI.)

*************************************************************

AL-FATEH: THE RETURN OF “SIEMENS” WILL BREAK WASHINGTON’S VETO OVER THE ENERGY FILE

The leader of the Al-Fateh Alliance, Uday Abdul-Hadi, confirmed, on Thursday, that the return of the German company Siemens to Iraq will lead to breaking Washington’s veto. (meaning not letting the US firm General Electric do the work. Why? Because of what the US is doing to the dollar in Iraq.)

Abdul-Hadi said in an interview with Al-Maalouma, “Washington adopts a multi-directional agenda in Iraq, the most prominent of which is keeping the electric power file chaotic by thwarting any attempt to create a road map that ends the tragedy of more than 40 million people by blocking any endeavors in this direction.”

He added, “The German company Siemens, which is the leader in the electricity file, developed a road map to end the energy tragedy in Iraq 7 years ago, but Washington deliberately disrupted it in various ways and there is a lot of evidence.” Dialogue with Siemens on the electricity file is a clear signal to break Washington’s veto.”

He pointed out that “experiences after 2003, after America’s slogans regarding the reconstruction of Iraq, are false and illusory, and the results on the ground are the best evidence, and what Washington wants is more chaos and economic crises.”

Prior to his trip to Germany, the Prime Minister confirmed his endeavor to revive talks with Siemens for a radical treatment of the energy file in Iraq.

(More evidence the US does not want Iraq to move ahead and is holding it back. I believe they are a major part in the culprit in not signing off on the reinstatement.)

*************************************************************

CAN ARTICLE 140 BE APPLIED AT THE PRESENT TIME? A LEGAL EXPERT EXPLAINS

On Friday, legal expert Ali Al-Tamimi explained the measures to be taken by the government and the legislative authority in order to solve the problem of Article 140 and the disputed areas. 

Al-Tamimi said in an interview with Al-Maalouma, “The Federal Court, in its decision No. 71 of 2019, affirmed the survival of Article 140 of the constitution and the need to apply it as the constitution stipulates normalization, referendum, and determination of the will of the voters, which the article required to implement at the end of 2007.” 

He added, “Normalization is the return of the deportees, the choice of the arrivals, and the compensation of those affected. The compensation has been estimated at 3 billion dollars. As for drawing the borders, it is a very important matter. It is necessary to define the areas covered by this article, whether in Mosul or Kirkuk, and whether it applies to parts of it or all of it, and does it depend on the borders of 1968, which This shall be determined by a decision of the Council of Ministers. 

And he indicated, “The census is also important because it determines the people who are entitled to vote, and what census will be adopted, is it what was adopted in the elections, and it needs a precise determination by parliament by law.” 

He pointed out that “determining the will of the voters is not clear to the residents of the disputed areas, so does it mean that they join the Kurdistan region or to the federal government, or that they be an independent region that was not separated by the constitution or the method of joint administration?” 

And he stressed the need for parliament to legislate a special law to solve and clarify all these problems, and at the same time there is no justification for the supervision of the United Nations or UNIFIL peacekeeping forces because this issue is specific to Iraq and can be resolved by constitutional means.

(Now do you understand the remaining issues regarding Article 140? Please don’t let these idiot intel gurus tell you it’s all done. It is not.)

*************************************************************

DEPUTY: WE WILL NOT STAND IDLY BY REGARDING THE DEVALUATION OF THE NATIONAL CURRENCY


A member of the House of Representatives, Sherif Suleiman, said, on Saturday, that raising the crisis of the high exchange rate of the dollar and the central bank’s measures regarding it will be a priority for Parliament in the upcoming sessions. Because it affects the power of the Iraqi people, and Parliament must have an opinion on this matter.

Suleiman added, in an interview with the official newspaper, “Al-Sabah”, which was followed by Mawazine News, that “we will not stand idly by regarding the devaluation of the national currency.”

And he continued, “Parliament is awaiting the budget and many other matters that concern the poor class during this legislative season,” stressing that “the House of Representatives has authority over all authorities, not in the executive form, but the opinion of Parliament is the responsive one, as it is the supervisor of the central bank’s performance, plans and programs.

*************************************************************

TEHRAN AND BAGHDAD AGREE TO USE IRANIAN CAPABILITIES TO BUILD A POWER PLANT IN IRAQ

And according to the Mehr News Agency , Iranian Energy Minister Ali Akbar Mehrabian stressed Iran’s technical and engineering capabilities in the energy sector, saying: “The factories producing equipment and parts for the electrical industry in the country have a good capacity, to the extent that technical and engineering services are also exported in this field”

Ali Akbar Mehrabian added, this morning, Tuesday, in a meeting with the Iraqi Minister of Electricity, Ziyad Ali Fadel: The Islamic Republic of Iran is actively present in the field of water and electricity diplomacy in the face of neighboring countries and the region, noting: Iran’s technical and engineering capabilities in the energy sector. Electricity is very extensive and is being developed.

The Iranian Minister of Energy indicated that the activity in this sector, in addition to the existing capabilities in the factories producing equipment and special parts for this industry in the Islamic Republic, enjoys a good condition, stressing his country’s readiness to export these services and equipment to the countries of the region.

Mehrabian added, “Therefore, there are good relations with Iraq as a neighboring and friendly country; in order to benefit from these capabilities, opinions are exchanged within the framework of activating the private sector between the two countries with the aim of satisfying the two peoples and the economic development of both countries.

In turn, “Ziyad Ali Fadel” expressed his satisfaction with his meeting with the Iranian Minister of Energy, saying: Today we discussed the support of the Iraqi Ministry of Electricity, and the issue of exchanging experiences in this field, and meeting Iraq’s need for electricity.

The Iraqi Minister of Electricity stressed the need for his country to benefit from the Iranian capabilities in the field of the Iraqi electricity industry and technical and engineering services to build electricity production stations, adding: “Iranian specialists and major companies, including the Iranian “Mapna” company, are currently active in Iraq, and experiences and information are being exchanged in this regard. field continuously.

(Sounds like a joint effort for electricity now from Siemens and Iran? What do you think? Hey…whatever happened to the US firm General Electric. Why are they not still involved?)

*************************************************************

Articles End

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 on in this newsletter is not intended for investment decisions / purposes.

Hi Everyone,

I bring you much news today.  Oh this is a good one today.

It is well worth waiting for….. 😊

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.

https://paypal.me/MntGoatNewsletter?locale.x=en_US

Going on 10 years now, I have taken my own time from my gasthaus business to research and document findings about the revaluation and reinstatement of the Iraqi dinar. At this time more than ever I do not need to spend my time babysitting and holding your hand in this investment. I do it out of charity and love with understanding that all of us do NOT have the time to go do our own research. We are busy with our jobs, our daily lives and raising our children. So, I try to help out. But remember I too am very busy in my daily life of running a gasthaus (bed and breakfast) and trying to make ends meet. I am no different yet I take the time out each day to complete the task of my newsletter for you. I do not need to do it, as I know the information before you get it.

So, please be generous but only if you can afford it and remember to give. I suggest $5-$10 a month but you decide. Even $1.00 would be helpful. Whatever you can afford will be helpful in this time of Covid where nearly 80% of our business is now gone due to travel restrictions.

2 Corinthians 9:7

God loves a cheerful giver! This is a beautiful thought because of what Paul says (give cheerfully) and because of what he doesn’t say (give a certain amount).

More news….

STATUS OF THE RV

Lots of news today to share for a Thursday Newsletter. Hang on to your seats!!!!

Let’s get started….

I want to cover a couple topics today including some on the prophecy because it is my full belief that we will not see the RV we are looking for until the corruption in Iraq is taken care of and this will not end until the corruption in the USA is also taken care of to a greater extent. I will show you why today.

Many of you still don’t believe me that the corruption in Iraq is affecting the reinstatement of the dinar. So, for all you “disbelievers” let me remind you of the past events that have taken place and how they effected the monetary system of Iraq. You must bear in mind these events did not just happen as they were intentional and well planned out. You can’t make this stuff up folks! Obama was part of the problem and not the solution. Please stop idolizing this guy. He is the main reason why you have not already been to the bank and back.

When the early “illegal” exchanges took place from late 2012 thru early 2013, under the presidency of Obama, many prominent senators and congressmen cashed in. We as long -term investors were left holding the bag and were told to shut our mouths so this corruption would not go viral and thus a judiciary investigation would not follow. We were also told we would be able to exchange our dinar when the people of Iraq got theirs. Basically, we were left holding the bag! Many of us bought our dinar years prior and held on to them for years supporting Iraq through hard time,s while these senators and congressmen bought dinar in the front door of the bank and exchanged it the same day out the back door. Is this fair? Is this ethical? But most importantly is this legal?

So, how are we, as long-term investors, supposed to now feel. It’s 2023 already and so where is our return on our investment? Basically, we were left holding the bag!

I am not trying to push the IMF or the US government to do anything other than what is reasonable, ethical and the correct thing to do not just for us long-term investors but for the people of Iraq too. Enough is enough and this bullshit corruption has to end! We are not stupid people and we can see what is going on here. This is about to explode in their faces!

Why do senators and congressmen get to go to the front of the line? Is it because they had the power to vote to fund the 2003 attack on Iraq and manipulate the IMF to issue the 3 zero notes in 2004 thus setting the stage for the money-making schemes a decade later that we witnessed play out and are still witnessing today? Yes, it was not about freedom for the Iraqi people but a free-for-all bonanza for the politicians.

How many other countries have these bastards done this to? How many other currencies did they shut off and later revalue thus having insider trading ability knowing when it would take place. This is raping the wealth of these nations and there is no other way to put it. This is conflict of interest and it was also illegal. Get it?

Oh…the powers to be in 2012 told us we were NOT even supposed to know about these schemes never mind participate in them. And we were be priveleged if they let us in on it, so keep your mouths shut! If we did learn about their currency schemes, it would be by accident and not to the extent that millions of Americans, Canadians, Australians and Europeans did. Yes, we were knowledgeable of this one, yes we learned about their big scheme this time and so what did they do to silence us?

They cut us off, but worst yet they lied to us in front of our faces telling us we would get our exchanges when the Iraqis did knowing damn well they would change the rules and delay and delay any of this wealth coming to us and thus all the good it could do for our economies back home. But then again, if you look at the political goals of the woke globalist elitist, they don’t want prosperity and abundance. Instead, they want broke governments and poor, illiterate people. This way they can control us as they make us dependent on them for everything. This is why they must be dealt with first or we will see no reinstatement of the dinar. Frankly put, it will NEVER happen in this case.

We know more of this kind of corruption is coming too with the proposal for the Central Bank Digital Currency (CBDC). Yes, you have to be kidding me. Turn our own country’s currency over to some crocked banking cartel globalist. Really? We better pray and pray hard that God intervenes, or that there are still some honest and smart politicians left to stop this CBDC madness because, if we don’t, that is the end to any freedoms and liberties we are entitled to under our constitution. You see, they don’t even have to bypass the constitution by changing it or writing illegal laws against it. All they really have to do is control our money supply and they control us. Remember Central banks are run by the banking cartels. These are the very rich elitists globalists. Do we want them to have such power over our entire lives knowing what their woke plans are for us? We already experienced the 911 tragedy, then the planned-demic, then the forces vaccinations, then the attempt to cut off our food supplies and create a famine and now the energy shortages and inflation. How much more of this can we take before we all and I mean all wake up. How can anyone trust these woke bastards anymore? Oh…. I didn’t even mention that the figures came out from the CDC that more have died so far from heart complications from the vaccines and booster shots than the actual pandemic itself, yet no one in the US has yet to seriously talk about banning these vaccines or booster shots. What are you afraid of? How many more people have to die? Do they have such a powerful grip on US politicians that they can’t even protect the people in your own district/state.

Meanwhile what did all these senators and congressmen do after their illegal dinar exchanges in 2012-2013? They went out and purchased yet more homes, yachts and luxury cars or used it to fund their election campaigns to stay in power. Do you think they helped any of the veterans, the poor or the homeless? Did they fund any humanitarian projects?

Since 2012-2013 the rules for the Iraq currency reform have changed and they changed drastically since these early exchanges took place. We witness lie after lie as the criteria keeps changing as to when Iraq would be STABLE & SECURE. We read articles telling us they needed STABILITY and SECURITY. When they had it finally after the war on ISIS was over then the next excuse was the pandemic and then the drop in oil prices. So still nothing happens even today as they brag, yes brag, about their billions in the CBI reserves and massive stashes of gold. Then we were told they could not conduct the project to delete the zeros because it cost too much, yet billions were being stolen using the currency auctions every year. Now they have more than what is needed with over 1000 billion in the CBI reserves and so where is the project to delete the zeros? Instead, they plan to come out with yet another 3 zero note? (20Knotes). What? Really? Now they play around with the rate as they manipulate it to gain billions more in reserves. How much of this is going in their pockets? We also know the tonnage of gold and we know the price of gold and so the true reserves with gold included is well over 100 billion. So, what is there excuse now? Now is the best time to complete the currency reform.

In 2011 under the Obama administration Obama pulled out US troops from Iraq. This was the same year that Dr, Shabibi’s plan of currency reforms to get to the reinstatement was developed. Then later in December of 2012 Nori al-Maliki, a known double agent for the CIA and Iranian guard, pulled the caper at the Central Bank of Iraq wrongfully accusing Dr Shabibi of money laundering while his goons were actually proven to be the culprits. He put out arrest warrants for Dr Shabibi yet to this day Maliki has not been arrested. Later they proved his involvement in the scheme. Who is protecting him? We know now this was intentional and orchestrated to stop the revaluation and reinstatement of the IQD. It was requested by the Obama administration. How about that! ☹ So, I am not too far fetched in my analysis?  Do you believe me yet?  

Then a few years later Nori al-Maliki allowed ISIS to infiltrate Iraq. Yes, this too could have been prevented but again Nori al-Maliki, the then prime minister, allowed ISIS in and they almost even made it as far south as Baghdad the capital. Remember?

To fight ISIS, Iranian Kud forces were allowed to come into Iraq to help. There was no other choice since the US troops already pulled out years ago. This was the beginning of the end to Iraqi sovereignty. Who was to stop them? Obama had already pulled out the US forces. Was this intentional? We now know that senator McCain and Obama orchestrated ISIS and later sold black market Libyan arms to ISIS….coincidental? They made deals with Iran to shut up and allow it all to take place in return for favors in Iraq. This was the beginning of the massive corruption schemes by Iranian officials who infiltrated Iraqi politics. These Iranian backed militia are still in Iraq and are the backbone strong arm of the Iranian politicians much like the democrats in the US now use BLM and Antifa to conduct riots and school shootings of our children. When we try to expose it, like Alex Jones (Info Wars) tried to do with the school shootings in Sandy Hook, Connecticut USA, we see the result of them stopping any free journalistic investigations of the FACTS. If it was just a random kid who went on a wild rampage of shooting, then what is there to hide? Why all the secrecy of the evidence? By the way the same applies to the NYC 911 and other events of that day of September 11, 2001. There is just too much weird evidence not being explained or desire to research it. Why?

In the US we witnessed these BLM and Antifa riots all the summer of 2021 and on Jan 6 2021 at the capital. The democrats called it an “insurrection” since they have to refer to the US Constitution when it is convenient, but I call it a planned covert operation led by Antifa. Oh…yes they have to twist it around and blame it all on Trump MAGA followers. In these covert operations to get a real sense of tragedy they must have some die. So, Ashli Babbitt unfortunately had to be their sacrificial lamb for their cause. On January 11 the NY Times publishes an article saying that five people died. The emphasis of course was all police officer Officer Sicknick. Remember the initial news is the most important and that is what most people read and remember. So after reading this article all you really remember is there was massive rioting and five people died, one of which was a police officer. But later as the days rolled on, we get the truth. As law enforcement officials initially said Officer Sicknick was struck in the head with a fire extinguisher, but medical experts have said he did not die of blunt force trauma but instead, investigators increasingly believe that Officer Sicknick may have been sprayed in the face with mace or bear spray, the official said. but who sprayed him? Was it the MAGA Trump followers or Antifa rioters? Again, even the recent democrat hearings on this event did not want to bring out a real investigative effort on the FACTS. Why were cell phones confiscated from people that entered that day? Why do many of them still sit in prison without any access to family or lawyers? ARe hey afraid te real evidence and facts will get out from the people wo were actually there? It was nothing but democrat political hype and discontent and to blame it all on the MAGA Trump followers. Not even a mention of the multiple Antifa and BLM members also in the crowd. The same members found on film clips of many of the George Floyd inner city riots the summer before. Go figure. Does this sound suspicious to you? Don’t you think these facts would have been relevant in the Jan 6th democrat run hearings?

One must conclude when you look at all the real evidence of that infamous day, not just the sole facts of the twisted democrat lynching mob, one must conclude it was a staged event to stop the constitutionally mandated election fraud investigations that should have been initiated by Pence. Why did he not do it?

So you think this is all just bullshit? So, we too experience the corruption in the US as well of what we see the same scenarios playing out now in Iraq. The parallels are uncanny! It is NOT coincidental these same tactics are being used but just another means by other independent acting corrupt groups.

Just look at who is now in power in Iraq. Would you ever believe that the Iranians would have such power? This is why the US has now finally stepped in to stop this funneling of money to Iran as it has gotten totally out of control. It is too obvious and this will be someday tied back to the US currency corruption and early exchanges too if they are not careful. That day may come anyhow.

The real reason why the dinar was devalued in 2020

This is why the CBI had to devalue the dinar so much in 2020 was to compensate for all the stolen money. What? Let me explain it.

I know there were multiple articles from the CBI on this topic explaining why the devaluatin had to take place. But these reasons are not the full story. Instead they and excuses. Oh…they make up excuses and tell us it was due to Covid and the drop in oil prices and this was partly the blame, but not the whole story. They don’t want us to know the entire truth. But in reality, the CBI would have had ample monetary reserves to overcome the both crisises and pay all its bills and then some, if billions has not been previously stolen from them prior to the pandemic or drop in oil prices. Get it?

We read an article over this last decade that Iraq could have been rebuilt to beautiful cities 3 times over already and so where did all this money go? Yes….blame it on the pandemic? yes… blame it on oil prices? I think not! This was way prior to these events. So, in the past the drain on the money that could have gone into the reserves and been there to use during these emergency times. So, who is the real culprit? It was stolen by the Iranians and black marketers in Iraq. Realistically the reserves should now be way over 200+ billion during the time of the pandemic. Heck they did not even yet rebuild any cities and so where did all the oil money go since 2003?  Oh… but they have plenty of funds to build the bran new Central Bank Tower….

Knowing all these FACTS can you see now why there will be no RV until this mess of corruption is cleaned up?

I heard a recent rumor this week that many of these so-called intel gurus are once again telling their followers that we are in a window to see the RV to happen this week or at least by the end of January. Really?  Oh boy…here we go again. Have you ever heard such bullshit? Yes, they tell us the bankers had a meeting as a secret memo went out.

But what bankers? Where did they have this meeting? I know of no place the leaders of all the major banks have EVER met and discussed any RV of any currencies. This just does not happen folks. Such bullshit it hurts! ☹ Lies, lies, lies and more lies!

Where do we go from here ?

As we move further into 2023 the great period of restoration of our country and countries throughout the world has begun. This is what we now should be paying attention to and not all the lies about an imminent RV. From the US, the Lord says he is moving out to other countries too and so His restoration is for the entire planet.

As all you faithful readers may know by now, I am a woman of great faith but not just in words but in deeds. I can see the prophetic words of many of the modern-day prophets being fulfilled right in front of our noses. Yes, Gods’ Hand is at work for his special nation of America. So why would I not want to share these words with my readers? Why would you not want to know them if you truly want a timing for the RV. I say, just follow the politics and you will get your timeline. The grace of God is here and it will  not be long before the long awaited abundance and prosperity is upon us, at least the one we are looking for from this investment in the Iraqi dinar.

There have been too many prophecies about the transfer of wealth

One thing you must understand, and I hope I made my point very clear in my last Newsletter dated 01/10 is that there is no one behind some magical curtain that is going to just pull away and trigger an RV. Many of you are living the fantasy of the Wizard of Oz. It simply does not work that way.

The nation of Iraq must show the powers to be that they can be responsible and manage their own monetary affairs. The situation with Iran also closes any opportunity for the RV since Iran is heavily sanctioned and Iraq has been funneling money to them both through illegal black marketers but also we learned from the CBI itself. We also know the US government has had its hand in the past with schemes to steal Iraqi money too. Wow!

The US has now stepped in aggressively to try to prevent any money from moving to Iran from Iraq except for payments for energy or food imports. They did this not because they “care” so much for the Iraqi people but instead because they know the day of reconning is coming and their  involvement with the Iraq corruption is going to be exposed and you can’t stop it especially when you have millions of dinar investors throughout the world that are fed up with all the corruption with the Iraqi dinar.

There is a really good article in today’s article section below on this topic. We have read in many articles in the past that even Iraq gaining their independence of energy from Iran has been blocked by not allowing the Iraqi electric grid to be fully reconstructed post war and by not allowing companies to build oil refineries. So, these intentional blocking of progress is hindering Iraq but favoring Iran. How many articles must we read over the last decade on companies coming into Iraq to work on their electric grid? How many articles on the budget allocations for this work, yet it is never completed. Do you get my point? Will the projects allocated under their 2023 budget be any different under the coordination framework Al – Sudani ruling blocs? Are we all just pissing up the wind wishing for something to break to get the reinstatement?

Having said all this about the corruption and the reasons for much of the delay for the reinstatement please go back and read my December 13, 2022 Mnt Goat Newsletter. The news from Iraq just over a month ago told us a couple important topics. We must remember these topics and why they talk about them when they do talk about them. So I am presenting some of these topics again today from my December 13, 2022 Newsletter. Do you remember these headlines:  

A GOVERNMENT ADVISOR CONFIRMS THAT THE RISE IN THE EXCHANGE RATE OF THE DOLLAR IS “TEMPORARY” AND IDENTIFIES THE REASONS – URGENT: “what happened in terms of rises is a temporary phenomenon dictated by regulatory conditions in the procedures for conducting external transfer requests (submitted by local banks) on foreign currency, and work was done a while ago with an advanced electronic platform”. This is not entirely true as this electronic platform was just put in place when this Dec newsletter was published. What is the CBI trying to hide? Why would they say this?

PARLIAMENTARY FINANCE: BANNED BANKS ACQUIRED 40% OF THE CURRENCY AUCTION: “The US Federal Bank is punishing 15 Iraqi banks after the dollar’s ​​exchange rate rose and the inclusion on the black list did happen. This did happen but the article denied it. They can no longer participate in the currency auctions.

INTERNATIONAL MONETARY EXPECTS THE CENTRAL BANK OF IRAQ RESERVES TO RISE TO 100 BILLION DOLLARS:  it already reached over 100 billion as they told us this in October and this article was from December. Do you remember the article?

AFTER ITS RISE TO 151,000.. AN ECONOMIST SETS A DATE FOR STABILIZING THE DOLLAR EXCHANGE RATE – URGENT: The central bank has told us they started with good corrective measures and steps, including increasing the ceilings for banks and companies, and within a week or 10 days, the price will stabilize and return to 148 thousand dinars.” Simply put it did not happen. Here it is January 12, 2023 and the article was from December 13th. The dinar rate is closer and closer to 1600 each day. The critical threshold was given to us to be 1500 and it is already over it. What next CBI?

WILL THE US FEDERAL BANK PUNISH 15 IRAQI BANKS AND BLACKLIST THEM? HERE’S THE TRUTH: “stressing that all Iraqi banks are in compliance with the laws and instructions issued by the Central Bank, especially those related to combating money laundering and terrorist financing”. Simply not true as we find out now. This why the US Treasury did install and mandated the use of the new currency auction platform in 40 banks just weeks later. Many were subjected to restrictions in doing further business in Iraq. So go figure…

THE IRAQI GOVERNMENT HAS A SPECIAL STRATEGY TO OPEN UP TO THE WORLD: “The Iraqi President, Abdul Latif Rashid, said on Tuesday that the Iraqi government has a special strategy to open up to the world and strengthen Baghdad’s relations with other countries, according to a press statement issued by the Iraqi Presidency”. Yes, I liked this news, Sounds good to me. But how many times have they said this to the citizens of Iraq, yet nothing ever happens. Why should anyone trust what they now say?

I rest my case……

More news….

WE ARE NOW LOOKING FOR A PROPHET LIKE ESTHER TO HELP UNITE THE COUNTRY

Who do you think this biblical like Esther might be?

Let me now turn our attention to the US. Look at what is going on there. The prophets tell us that God is going to move swiftly now in 2023. The mid-term elections may not have been the expected RED WAVE but the conservatives do have the majority. I know that if you are like me, you may be disappointed that 2022 did not generate all the fruits of Gods’ Hand that seemed to be promised by the prophets. But His timing is not ours to say. I certainly hope this year is much better as it almost has to be or else…. But remember we are talking about God’s timing and not ours. If you pay attention, you can actually see God’s plan is at work. But you have to pay attention. Where do we go from here is what we should be asking now. So, I will give you tid bits of what to look for this year.

So, through Kim Clement, one of favorite modern-day prophets, told of a prophetic word in the year 2011 of a woman to come that parallels a woman from the biblical book of Esther. If you want to read this story here is the link. It is very interesting.

Esther: The Book of Esther (biblehub.com)

But how does this biblical Esther apply to us today?

I know I talked about this Esther prophecy before but now I fully believe NOW is the time for it. Kim says that she ( a modern day Esther like woman) will come about in the “middle of a presidency”. We are now in the middle of a presidency. Then he goes on to say- “when there is great bitterness, anger and division in the nation”. Don’t we see this today in our nation? This division is because many refuse to believe all the lies and wokeness while others are already too CNN brainwashed. This modern Esther like woman will bring peace and unity to the nation. To heal it of the wounds of the past years. Then Kim goes on to say “this will happen in the “period of restoration”, which I believe is 2023-2024 as almost all the prophets now tell us is upon us. Here is Kim’s prophetic word. You can listen to it yourself from him.

The Esther prophecy – now is the time.

So, who can this modern-day Esther be? I think perhaps it is Tulsi Gabbard. I believe she is a beautiful woman of both external beauty and internal beauty. She left the democrat party and so is now an independent and fits this description too. She ran for nomination for the US presidency in 2016 and so lost her senator position in Hawaii. If you listen to Kim’s description of the Esther woman, she fits it so clearly. Her blog and internet show is well worth the watch.

https://rumble.com/c/TulsiGabbard

But I believe she will step to yet another level and move back into politics in some way. God is definitely calling her. Who do you think might be the new Esther? Let me know.

Tulsi Gabbard – Hawaii

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

More news….

Do we base our opinions on FACTS or EMOTIONS?

THE GRETA THUNBERG STORY

Another sensitive topic I want to bring to the surface today is more of a tendency or trend with the liberal thinking. This persuasion of thinking mode by the far left is not healthy but is also not coincidental but intentional. It is a well thought out process of the left. It is actually a con in any sense of the term. I notice they leach on to anything or anyone that they feel can justify their narratives even if it is full of bullshit, lies and deception. Of course, there is always a bit of truth in every con job, as this is what makes it believable. They must affect your heart felt emotions in some way to be successful. FEAR is always a good emotion to draw upon.

You know that once you affect the emotions the rest of the brainwashing process is easy. Hitler did it in WW2 under Joseph Goebbels the Minister of Propaganda. The democrats even proposed setting up a ministry like department of propaganda in our own US. They claim it was for the government to determine and censor us on what the truth is and what lies are. This would be kind of like legal censoring of social media on steroids. Are you kidding me? Enough is enough!

Wow was that a major brainwashing in Germany during WW2 as to how you could let your long-term friend and/or neighbor be sent to a concentration camp based solely on their religion or political thinking. But it happened and it is happening again. We are almost there if we are not careful and do not fight this wokeness now. But not this bad yet…but it will come. All the signs are here as these extreme liberals take over our country.

The rest just happens as emotions must be affected to brainwash someone. Yes, it is a slow process at first and then once they have enough power it all becomes a nightmare. They do this by FEAR by our deepest emotions for survival. So, I want to use an example today of a con job given to us over this global warming narrative. This is just one example of how easily they can manipulate our minds.

Let me take you back to the year 1991 when papa Bush returned from the Earth Summit meeting in Rio de Janeiro and brough back with him this notorious UN Agenda 21 document, which they have been pushing on us ever since without most Americans even knowing about it. Don’t we have a say in it. It so drastically effects our lives, if fully implemented. I have talked about this plan many times already. I will not so much get into the details today but to just use it as an example.

This document is all about making extreme radical changes to the world that are justified by FEAR mongering over this global warming narrative. Oh…excuse me it’s now called “climate change” because they already found out the earth is in fact not warming up as Al Gore told us it would…..

Of course, it’s now more than 3 decades later and the earth has not warmed up as predicted and so go figure. But the real truth is the earth does change over time. What makes you think it would not change? We are living on a large ball of inner molten core with a cooled outer surface, floating in outer space. We are constantly revolving around and around, then also revolving around the sun. What the hell….

These alarmists talk about the FEAR of all the ice melting in the Artic and so what will result from it? Did you know the Artic was once a lush, green land with trees and civilizations living upon it? Maybe its Gods plan to bring this about once again. Did you ever think about this? Maybe we need this land and its resources as the population is growing. But God is NEVER in their equation. They have an objective and it’s not about common sense or even science. You can read the UN Agenda 21, 30 and 50 documents. It’s all there.

The FACT is the earth has NEVER been constant, only it is in a “relative” state of stability for humans to now survive and thrive on it. But who is to say this cannot change? The point is this – there is nothing as humans we can do about it except to accept it and learn to make the changes to live with it, not fight it, exploit it for personal or political gain, as these alarmist are doing. Again, just another alarmist narrative of many to get more control and power over you and me and to do it out of FEAR.

Don’t get me wrong there are some very kind, dedicated people, loving people who really care about the planet and I consider myself one of them. But I will not be conned by some globalist elitists who started this global warming narrative in the first place and convinced many people through their lies that we are all doomed. We are not doomed. Oh…by the way who developed this Covid virus and why? This too was their new narrative. The truth will all come out on this one too. Oh…but they are so concerned about us and saving us from global warming they can kill millions of people with a virus and then attack them again with the vaccines and booster shots. Do you get my point?

Maybe we are just all doomed who knows, but the FACT is these changes will occur and our habits of our living such as Co2 emissions have very little to no effect on the planet changes now occuring. Get it?

Oh my gosh the world is going to end in 12 years……
oops only 10 more remaining… lol..lol…

Does AOC really believe her own statements? Who put her up to this?

It she really a plugged in politician by the leftist globalist to help in the subversion of our nation? Think about it? Is she really concerned or even helping her district in NYC? Is she here just to push and support these subversion narratives?

We all should know by now it is all about power and control anyhow and not about “saving the planet”. This UN Agenda 21, now also UN Agenda 30 and even an UN Agenda 50 plans, are all about total power and control over us and the planet’s resources. It is Nazi fascism in warped speed. Something Adolf Hitler tried and failed at in the 30’s and 40’s. We had a war to end this kind of thinking but the satanic beast has reared its ugly head again.

So, this example today is about this child Greta Thunberg and the comments she made about this global warming narrative. Who the hell is this girl anyhow to blurt out such comments about the environment. I know of many other 13-year-old children who say just the opposite about global warming. Do they get any attention from the news media? Why all the focus on her then? How much money has she and here mother made off this gig anyhow?

Does Greta Thunberg have a doctorate in this field?

Why is she all of a sudden some expert?

Is she a prodigal child of very high intelligence?

Is God speaking to her?

Does she have a mental illness?

Why do so many people listen to her?

Why has she become so popular?

The left listens to her and supports her but not so much for her concern about the planet but to use her only to support their narrative. Get it? They are using her and I bet they are even paying her mother to use her.

You see, the liberals need someone, anyone, to be their spokesperson and they found someone that is passionate enough to draw emotions. Noting like a child and an unstable child at that to do the trick. Yes, someone who can act and really give emotions and she is the best of the best.

Listen to Greta Thunberg’s speech before the climate summit.

Poor, poor Greta…lol..lol..lol..
How many times did she rehearse this?

How emotional! How Sad!  I can almost feel her pain. But then listen to the content of the speech. She obviously did not write it. There are so many of the buzz words right out of the UN Agenda 21 plan. The written speech was obviously given to her and is well rehearsed with plenty of emotions and crying at just the right time. So, she is a good spokesperson in supporting their bizarre predictions and narrative that the world is going to end due to global warming. They need the funding and support from the US government. Get it? So, where has all this money since 1991 gone so far? Has is helped the planet prepare for these coming changes. No, this is not where the money has gone. It should have been spent on preparation not prevention as we cannot prevent what is going to take place no matter how much money we throw at it or how hard we try. We will have coastal flooding, tidal waves, volcanoes popping, massive storms and earthquakes. It will all happen. It has already begun.

Greta Thunberg’s- As a minor all her income from
these talk shows belongs to her mother.

I do not want to get bogged down on the debate whether climate change is real or not. So, I have my proof and facts it is just a political narrative, and I explained the reasons why they are pushing it so much. The real reason for bringing this topic up today is only to use it as one of many examples of how the left is manipulating your mind without many of you even realizing it.

So in the next video you can see how the corrupt new media cleverly tries to use Greta Thunberg and exploits her to attempt to get president Trump for support to pay up for the US far share towards climate change Paris Agreement. Remember Trump pulled out of the agreement after learning where all the billions of dollars were going.

Oh yes, never let a good con go to waste.

So, a lesson learned from the Greta Thunberg story is to ask ourselves- Do we base our opinions on FACTS or EMOTIONS?

Do we just suck up so quickly to the narratives pushed out by the extreme left liberals based on our emotions that they bring to our mind or do we research and find the TRUTH.

Do we go along with their FAKE news media? Many times we need to put the brakes on and ask the important questions. Yes, more and more people are awakening to the truth every day and I certainly hope that my readers are among them. Truth not only for climate change and for this dinar revaluation effort but in all aspects of your life and especially in politics.

Do we all even know who the real bad guys are and the good guys are. It is so important for everyone know. But it is not so clear, is it? The FAKE news media has blurred the truth from getting out so you can’t even discern the truth. I do not care what party affiliation you belong to red, blue or independent. We are all members of a heavenly family first, then a global planet and then our own nations. We have a right to our own national pride and patriotism.

THE TRUTH IS FOR EVERYONE!

*************************************************************

Formal Articles are below. Please see my comments in bold italic fonts in brackets (  ) throughout the articles.  Also, I separated the articles with asterisks and highlighted in bold any important lines worth noting.

*************************************************************

Articles Begin

THE IRAQI ECONOMY… THE DINAR AND DOLLAR EQUATION

 

The exchange rate in Iraq is one of the most important determinants of the relative level of economic strength, as it is the most important measure that is monitored, analyzed, and manipulated by the government. 

There are factors affecting the determination of the exchange rate, the most important of which is the amount of money, interest rates on money, and prevailing local and global inflation.

(Mnt Goat -pay attention to the following paragraph, for the factors they are now telling that effect stability. Remember Iraq must be STABLE and SECURE to have the project to delete the zeros, so they keep telling us.)

The position of the balance of payments, cash reserves, central bank intervention in the banking market, the relationship of the local currency with foreign currencies, the economic and financial policy of the state, corruption, and other factors related to the degree of political stability in Iraq, as it represents an important variable compared to other countries in the Arab region and the world, along with deficiencies in local production of goods and services.

The monetary reserve in a country is represented by the amount of foreign currency and gold owned by this country, and it is worth noting that the large deficit in the balance of payments may indicate the need to reduce the currency exchange rate, but if the country maintains large reserves, then it is possible not to resort to devaluation the currency at least in the short term, and this is what must happen in Iraq to pass the crisis, as the surplus amounted to more than 90 billion dollars in the short term at least, due to the rise in oil prices after the middle of 2021 and 2022.

Another factor that affects the exchange rate of the dinar against other currencies is the degree of political stability in the country, as a country with clear and stable political tendencies has a degree of stability and strength in its currency. As for a country that is exposed to turmoil and corruption, its currency is subject to mistrust and its value is subject to depreciation. Dealers in the currency markets to the most stable currencies.

Under these circumstances, the Iraqi government devalued the dinar against the dollar, as the exchange rate reached approximately 155 dinars per dollar, compared to 120 dinars before the devaluation. The devaluation of the local currency is the reduction of the official exchange rate of that currency against an international reference currency, as the number of units of foreign currency that can be obtained in exchange for a unit of the national currency decreases, and it differs from the decrease in the exchange rate subject to the mechanism of supply and demand in the market, and here a distinction must be made Between reduction and decline, as reduction is an administrative procedure that the state undertakes for many reasons, while the decline occurs as a result of the market.

The devaluation of the Iraqi dinar at the present time does not seem an urgent necessity, as the monetary and fiscal policies are unable to take sufficient measures to curb the inflationary pressures resulting from the devaluation of the dinar exchange rate due to the ineffectiveness of the two policy tools, for political, economic and financial reasons, which causes instability.

Security, political, social and economic due to the nature of the behavior of the financial and banking market. Also, the decision to devalue the national currency in unstable conditions is a decision with multiplying negative effects and creates expectations for further devaluation, which confuses market conditions and increases demand for the dollar with weak confidence in the national currency. The value of the local currency leads to inflationary pressures, the negative effects of which most citizens bear as a result of reducing the purchasing power of citizens, bearing in mind that the stability of the exchange rate plays an important role in foreign investment flows, and the option of resorting to adjusting the exchange rate gives a negative signal to investors.

Iraq resorts to devaluing the currency in order to fill the public budget deficit due to the increase in expenditures, however, if the goal of improving the trade balance is targeted, then reducing the exchange rate of the dinar does not achieve this goal at the required level, as the real sectors, industry, transformational industries, agriculture and services, are at the lowest. its levels, and its contribution to the GDP is low, and Iraq’s non-oil exports are very few and do not constitute any percentage in the trade balance, and the private sector is also inactive, and the advancement of these sectors will take many years with the existence of effective plans and policies, and usually the value of the local currency in countries is devalued Which has high export capabilities, and the customs policy is not effective at the present time, and it represents the basis for protecting the local product to stimulate production.

In conclusion, before resorting to the option of devaluing the dinar, other solutions should be exhausted. It has been shown through many studies that the reduction does not achieve the goal of bridging the budget deficit except by a very small amount that is not compared to the many negative effects that can occur from the devaluation of the currency, and that the comprehensive reform achieves structural corrective goals that provide financial sustainability and have positive economic, financial and social effects.

Accordingly, the dinar-dollar equation must be taken into account when making any decision regarding the dinar, and its impact on the standard of living of the Iraqis. The portfolio must also be diversified from other international currencies, the euro, the pound sterling, the yuan and other currencies, to get out of the control of the dollar alone.

(Wooo!!! I luv this last statement in the las paragraph and I could not agree more. I have been saying this is the problem for years. Tey must get off the sole peg to the US dollar. But what it is telling us is that the IQD should be re-pegged to a basket of other developed nations currencies. We know from the 2011 plan developed with the IMF and the CBI (Dr. Shabibi) that this is what they intended to do so now they are just rehashing a plan, beting around the bush that was already thought of more than a decade ago. Why don’t they just execute on it then and do it? What the hell is holding them up?)

*************************************************************

THE CENTRAL BANK SETS A DATE FOR THE RETURN OF THE DOLLAR EXCHANGE TO “NORMAL”

(No! This 1470 is not normal. They have been on this program rate for so long now it has become the “normal”. It was supposed to be termporary and maybe for 5 years but here we are almost 2 decades later. Its time to execute the 2011 plan to reinstate it to the proper normal rate on FOREX.)

The Central Bank of Iraq has set the date for the return of the exchange rate of the dollar against the dinar to its “normal state.”

The bank’s advisor, Ihsan Al-Yasiri, said in a press statement, “The turmoil in the dollar prices is a temporary situation, and within two weeks, the dollar price will return to its normal stable position of 1470, that is, before the end of this month of January.”

He pointed out, “The Central Bank’s resources are now at their highest levels in decades,” stressing that “the state’s financial situation is very comfortable.”

Al-Yasiri pointed out, “The controls that were put in place for selling the dollar on the platform came in order for the dollar to go to the real beneficiary, and it is a regulatory process.”

*************************************************************

WITH THE DOCUMENT.. THE CENTRAL BANK SENDS A LETTER TO THE BANKS PARTICIPATING IN THE ELECTRONIC PLATFORM

  

To / banks participating in the electronic platform:

The electronic platform for the foreign currency sale window
 good greetings ….


Considering that many inquiries have been received by importers (traders) regarding documents that require submission in a meeting financing their imports via the electronic platform by participating banks.


Confirm that the documents required when the bank submits the transfer request through the electronic platform are the commercial list
Then the trader can provide shipping documents for the imported goods during the post-transfer period with respect.

*************************************************************

IRAQI DINAR TREMBLES AS US FIGHTS CURRENCY FLOW TO IRAN

For years dollars have been channeled to Iran and Syria, which are under US sanctions, via state-run foreign currency auctions

Sinan Mahmoud

Baghdad

Dec 26, 2022

Recent measures taken by US authorities to tighten the channeling of dollars to Iran from Iraq have decreased the value of the Iraqi dinar on the black market, government officials and traders said on Monday.

The Iran-backed Iraqi government has been struggling to control the exchange rate to contain mounting public anger over soaring goods prices.

The dollar exchange rate in the black market has been hovering around 1,550 Iraqi dinars from around 1,470 dinars, Dhirgham Hameed, owner of a Baghdad-based exchange company, told The National.

“The dinar has been trembling against the dollar since early this month, wreaking havoc in the market,” Mr Hameed, 44, said.

In 2004, the Central Bank of Iraq introduced the foreign currency auction as one of its policy tools to achieve monetary stability.

Through that auction, the government has succeeded in controlling the exchange rate on the black market.

For years, the official rate for banks and exchange companies was 1,182 dinars, while the rate on the street was around 1,200 dinars.

However, the process has been mired with accusations of corruption, money laundering and the channelling of dollars to Iraq’s neighbours, Iran and Syria, using forged bills. Both countries are under punishing US sanctions.

Since then, the US has blacklisted a number of Iraqi banks that deal mainly with Iran. The US sanctioned Iraq’s Al Bilad Islamic Bank for dealing with Iran’s Islamic Revolutionary Guard Corps in May 2018.

Amid a liquidity crisis due to plummeting oil prices on the international market, Iraq’s Central Bank devalued the dinar in December 2020 to 1,460 dinars per dollar for banks and 1,470 dinars for individuals.

The interim government argued the move would also curb the flight of the “cheap dollar” outside the country.

But that didn’t stop the outflow of much-needed hard currency.

The US Ambassador to Iraq has complained to Iraqi officials on many occasions that the dollar was still being sent to Iran, a Central Bank official and a lawmaker said.

But Mohammed Shia Al Sudani’s government, which took office in late October and is close to Iran, has not taken any action, they said.

“When there was no action from the government, the Federal Reserve bank started to apply scrutiny measures on foreign transactions and that has delayed the process of releasing the money from the US to cover the imports and other needs,” the Central Bank official said.

Both spoke on condition of anonymity as there is no government statement on the latest US measures.

*************************************************************

HOW IRAQ IS PAID FOR ITS OIL AND WHERE THE MONEY GOES

HOW THE PROCESS GOES

Oil sold from Iraq is paid in US Dollars also known as “petro – dollars”. Each dollar Iraq gains from selling crude oil goes to an account at the Federal Reserve Bank of New York, and Iraq makes withdrawals to pay government salaries and imports.

Oil revenue makes up nearly 95 per cent of the federal budget and the war-torn country depends heavily on imports to meet the demand for food and materials for key sectors of the economy.

The Federal Reserve Bank of New York supplies Iraq with hard currency on request from the Iraqi government, either in cash or foreign transactions.

While some of these funds are used to cover government imports and other requirements, much of it is passed on to commercial banks, ostensibly for private sector imports in a process that was hijacked long ago by Iraq’s money-laundering cartels.

The rest of the money is added to the international reserve.

Thanks to Iraq’s growing oil revenue, the Central Bank of Iraq has about $96 billion in foreign exchange reserves, Mr Al Sudani announced early this month.

As of last month, the CBI sold an average of $240 million to $250 million a day, said another owner of an exchange company, who asked to remain anonymous.

Only 10 per cent to 20 per cent of the money was cashed out to be distributed to banks and exchange companies and then to individuals, while the rest was sent to accounts in Dubai, Turkey, Amman and China to cover private sector imports, he said.

“Iraq has no problem with the money at all, it has good reserves,” the exchange company owner said. “It sounds as if the issue is politically motivated because the Americans are upset.”

Over the past 19 years, the Federal Reserve has never delayed a request or transaction from Iraq, he said. “They used to approve any bill immediately,” he added.

“But since early this month, the Americans have started applying scrutiny measures on foreign transactions and the new process has delayed each transaction for up to two weeks,” the exchange company owner said.

He added that most of the requests were being rejected due to suspicions that some banks are linked to Iran.

Since then, daily transactions have dropped from around $200 million to between $20 and $30 million a day.

(Mnt Goat- the daily transactions of dinar to dollars should be just enough to pay for imports needed for the economy of Iraq. The CBI knows what this amount is. We have  been told it is about $20-30 million a day and so getting it down to this amount from $200 tells us lots of the past stolen money is no longer funneling out of Iraq. This is due mainly from the new currency auction platform recently put in place.)

“The reserves have been dried up in the accounts abroad and that has pushed up the demand for the dollar in the local market to cover imports,” he said.

To control the rate at the black market, the government has asked the CBI to take urgent steps to compensate for a dollar shortage in the local market.

It reduced the exchange rate for individuals from 1,470 dinars to 1,465 dinars to cover travel for the Hajj pilgrimage, medical treatment and study.

It also asked the CBI to help private banks strengthen their non-US dollar foreign currency reserves such as the Chinese yuan, the euro, the Emirati dirham and the Jordanian dinar.

But these measures failed to strengthen the currency.

“We are not optimistic and we believe that the worst is yet to come unless the government applies urgent, immediate and effective measures,” Mr Hameed said.

The current official dinar to dollar exchange rate is 158,000.

*************************************************************

IS IRAQ SILL ON THE OFAC SANCTIONS LIST?

Yes, and with certain exceptions, U.S. persons are prohibited from transferring, paying, exporting, withdrawing, or otherwise dealing in the property and interests in property of an entity or individual listed on the SDN list. Entities which a designated party owns (defined as an ownership interest of 50% or more) are also blocked, regardless of whether that entity is separately named on the OFAC SDN list.

These sanctions are exacty why most banks won’t sell or buy the Iraqi dinar. If they do sell it or buy it is under the same guidelines as any internet dealer and not as an official broker/exchanger. Even the banks want to make money off the dinar and I can’t blame them. This does not mean the dinar has gone international. It needs to be on FOREX and the other global trading platforms in order to international. Get it? There is NO other criteria. This will not occur until the US Treasury lifts certain OFAC sanctions off the dinar. This has not yet happened.

So please, please don’t tell me the Iraqi dinar has already gone international and that (and I quote from TNT Tony guru) “we are just waiting for the rate to change”. These kind of statements are irresponsible and anyone telling you these lies should be banned from any internet sites about the revaluation of the Iraqi dinar. Oh wait a second,,,,didn’t the courts ban TNT Tony already for a year so he could not be on his “Super Fantastic” conference calls? Why did they do this? Yes, super fantastic garbage intel to his listeners is mostly made up as with most of these intel gurus. Yes, most of it is all just made up. Get if folks? His scam is to take your donations and now even more proof  that this is true as he even now requires you to sign up on a monthly account to ensure you give a donation or else. 

*************************************************************

IRAQI GOVT PROPS UP VALUE OF IRAQI DINAR

The Iraqi Cabinet has agreed a package of measures aimed at propping up the value of the Iraqi dinar, following continued downward pressure on the currency relative to the dollar:

All government agencies are required to sell all goods and services inside Iraq based on the Central Bank USD exchange rate of 1470 IQD per 1 USD.

What was stated in Paragraph (1) above includes sales of goods and services from the private sector, especially the offices of national and foreign airlines, commercial agencies, telecommunications and Internet companies, and sales of residential investment complexes. It is emphasized that the prices of goods and services are in Iraqi dinars based on the Central Bank exchange rate.

The Central Bank sells dollars to the parties mentioned in Paragraph (2) at a rate set by the Central Bank of 1460 IQD per 1 USD for remittances and 1455 IQD per 1 USD to cover letters of credit after they pledge to sell using Iraqi Dinar. It will be announced on the official websites of the concerned authorities of sales outlets.

The Central Bank of Iraq develops a streamlined mechanism within one week from the date of the decision, through which the private sector mentioned in paragraphs (2 and 3) above can get US dollars at the official exchange rate. The bank also secures private sector transfers outside Iraq at the official exchange rate to cover their obligations.

The decision was made at this week’s cabinet meeting, chaired by Prime Minister Muhammad Shia Al-Sudani.

(Source: Govt of Iraq)

(Oh…wait a second I thought the CBI made all monetary decisions?)

*************************************************************

Articles End

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.

Hi Everyone,

I bring you much news today.   

GIVE A GIFT TO MNT GOAT

I decided to allow everyone to give a Free-will GIFT to Mnt Goat on PayPal if you so desire. Here is the link below.

https://paypal.me/MntGoatNewsletter?locale.x=en_US

Going on 10 years now, I have taken my own time from my gasthaus business to research and document findings about the revaluation and reinstatement of the Iraqi dinar. At this time more than ever I do not need to spend my time babysitting and holding your hand in this investment. I do it out of charity and love with understanding that all of us do NOT have the time to go do our own research. We are busy with our jobs, our daily lives and raising our children. So, I try to help out. But remember I too am very busy in my daily life of running a gasthaus (bed and breakfast) and trying to make ends meet. I am no different yet I take the time out each day to complete the task of my newsletter for you. I do not need to do it, as I know the information before you get it.

So, please be generous but only if you can afford it and remember to give. I suggest $5-$10 a month but you decide. Even $1.00 would be helpful. Whatever you can afford will be helpful in this time of Covid where nearly 80% of our business is now gone due to travel restrictions.

Proverbs 3:9

Honor the Lord with your wealth, with the first fruits of all your crops. WE SHOULD GIVE FROM THE TOP, NOT FROM OUR LEFTOVERS.

______________________________________________________________________

SATURDAY REPORTED 157,200 IRAQI DINARS AT NOON FOR 100 US DOLLARS.

More news….

Wilight News / The exchange rates of the US dollar jumped against the Iraqi dinar on Sunday, on the main stock exchange in the capital Baghdad.

The correspondent of the Shafaq News Agency said that the Central Al-Kifah and Harithiya Exchange in Baghdad recorded 157,200 Iraqi dinars at noon for 100 US dollars.

Just in Tuesday morning…

Baghdad – Nas   

The dollar exchange rates on the local stock exchange in the capital, Baghdad, witnessed a rise in exchange rates, as the price of $ 100 reached 160.600 Iraqi dinars, according to the monitoring of specialists.      

This morning’s exchange rates were as follows:  

Baghdad – Bursa Alkifah   

159,500 

More news….

INCLUDING IRAQ .. LEARN ABOUT THE 5 LARGEST ARAB COUNTRIES IN POSSESSION OF GOLD

Saudi Arabia continued to lead the list of the largest Arab countries in possession of gold reserves, based on the first report issued in 2023 by the World Gold Council.

The order was as follows:

Saudi Arabia 323.1 tons

Lebanon 286.8 tons

Algeria 173.6 tons

Iraq 130.3 tons

Egypt 125.5 tons

Globally, the report data showed that the United States topped the world with reserves of the precious metal, amounting to 8133.5 tons, followed by Germany in second place with reserves amounting to 3355.1 tons, while Russia came in fifth place with reserves amounting to 2298.5 tons. 

(Yes, Iraq also has over 100 Billion dollars (not other exotic currencies) in reserve and all this gold, yet the dinar is dropping? We also know they told us they can back the dinar notes now in circulation 160 times over with the CBI dollar reserves and this did not include the gold reserves. Yet the dinar is still worth still 1/6 of a penny? What? You get my point. When will they de-peg for good off the sole de facto peg to the US dollar and re peg to the desired basket and then let if float on FOREX. What is holding this up? Are they afraid the value of their CBI reserves will drop if they can’t control the value of the dollar directly since they are pegged only to the dollar? There is still time in January as it is not even mid month yet. They will have to get the 2023 budget passed.)

More news….

GOVERNOR OF THE CENTRAL BANK CALLED ON MERCHANTS TO DEAL DIRECTLY WITH BANKS

Baghdad – Mawazine News
Governor of the Central Bank, Mustafa Makhaif, called today, Tuesday, on merchants to deal directly with banks.

A statement by the bank’s media office, a copy of which Mawazine News received, stated that “Makhaif and the advanced staff at the Central Bank received a number of merchants. The statement stated that “during the meeting, they discussed the most important concerns and proposals of merchants and the most important challenges they face in dealing with authorized banks, wishing them to avoid resorting to brokers and speculators, and to deal directly with banks that provide various banking services.”

(Its about time….the CBI wakes up to another source of the monetary problems plaguing Iraq. I have been saying this for over a year now. This effort will help so much in reducing speculation thus the CBI will be able to control the exchange rate of the dinar. Remember that these street brokers and speculators are not going through the new platform to track corruption either in the exchange of dinars to dollars. So this effort is a win-win for everyone.)

More news….

STATUS OF THE RV

Hope everyone is having a very good New Year so far. I can’t say that any really good news has come out our way specifically for Germany. The ultra-liberal, socialist, globalist Angela Merkel is gone and that is a good thing. Yes, two wicked witches are finally gone Merkel and Pelosi. That is a good thing… Not yet sure if our new prime minister Olaf Scholz for Germany is going to be any better. We will wait and see.

Meanwhile we have some good news for the Iraqi dinar. Finally, we hear overtones and direct convictions of some of the real problems with the dinar and the currency policy in Iraq now in place. Can’t fix the problem unless you are willing to recognize and address the REAL issues. Many of these issues I have already exposed but you may have forgotten them.

So what issues are we now seeing them recognize and work to address?

Well for one thing the rate of the dinar still continues to drop regardless of all the articles from the CBI telling us in the coming weeks we will see it stabilize but it is not stabilizing. Why? Even though there were some really good controls put in place in the banks recently with the new platform, part of the problem has been all along are the street venders or private brokers who pedal the US dollar exchanges. They don’t use the new system just put in place.

Essentially in part, the street vendors can control the rate of exchange of dinar to dollars since they have an active audience of people who are still afraid to trust the banks. Many jobs were getting paid in part in dollars and merchants hired workers and used the currency auctions to exchange dinars to dollars to pay workers. Can you blame them with all the exposed corruption so far with the banks. If this were the case in Germany or even in the US you would see the exact same reaction. So now we finally see the CBI cracking down on these street exchangers and telling people to go the banks for all your monetary services. This was excellent news.

Another nice piece of the puzzle this week also was when the Ministerial Council of the Iraqi Economy took, on Monday, a number of economic decisions, including obligating all ministries and state institutions to pay wages for goods and services in dinars. I feel they did this in order to control the conversion of dinars to dollars at the banks with the currency auctions. This way there is a one-source of exchange and much better to use the new platform for tracking purposes. This effort combined with the discouragement of using the street vender exchangers could make a huge difference in being able to control the dinar rate. However, the council of ministers along with the CBI must also eventually write legislation to outlaw the street venders and FORCE the people to go to the banks for all monetary services. I see this as their next move. Will they do it in this new session of parliament that is just beginning?

Also effecting the monetary policy of Iraq is the fact that Iraqi oil revenues are still being paid in petro-dollars (US dollars) and still also being deposited in US Treasury banks from the buyers of the oil. Why is this when Iraq is fully now out of chapter 7? Thus when the CBI needs money to pay for the annual budgeted items, they must go to the US to transfer the funds to them.

In this week’s news we are seeing once again increasing pressure to halt this process since Iraq is now out of Chapter 7 sanctions and the legal justification for the continuance of this process no longer exists. Since Iraq is also now considered to be a sovereign nation by the global community of nations according to the IMF, World Bank and the UN then why are they not now also allowed to manage their own revenues, specifically the large sums of oil revenues? Which brings us to the inevitable other question that I know is in the background of many Iraqis and is coming up next. Watch and see. Later I will say – “I told you so”. The question to be posed is this- Since Iraq is also now considered to be a sovereign nation, why are they not now also allowed to have a global currency and traded globally?

You see this makes me angry when I hear many of these s-called intel gurus talk of the dinar of being already international and “we are just waiting for the rate to increase”. Really? This is of course NOT TRUE and these kinds of statements only add to the confusion of trying to explain the status of Iraq and its monetary system. Having a place-holder on NASDAC or FOREX is not being international. Selling dinars on the ISX is not international. The ISX does not even go international until January 29 2023. So these place holders re merely a precursor to going international and are very good signs but we are not yet there. When you ask these intel gurus why can’t I buy and sell then on FOREX, if it is international, like you say. Then you get a bunch of hogwash for an answer and just more lies to justify their past lies. But noting ever changes with lies except their creditability…..

There is coming a time shortly when the excuses to both of these questions above need to be answered and justified or else Iraq’s monetary system needs to be normalized. The pressure is mounting and we can see in the articles from the economists and economic advisors in the recent news. The corrupt politicians who have their hand in the proverbial cookie jar are soon to have their hand chopped off. That day is coming….. The exposure of the illegal exchanges made during the Obama administration are also going to be exposed. That day is coming…..

So, when we see articles like this one in today’s news that financial expert, advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed: The dinar is in the strongest degree of stability and the fluctuation of the currency price is caused by an external regulatory constraint. So, the CBI can now no longer use the excuse that Iraq needs SECURITY and STABILITY to conduct the project to delete the zeros thus followed with the reinstatement. So, what now is the hold up? I am trying to explain it to you now. So let’s continue….

Salih also told the National Iraqi News Agency ( NINA ): The fluctuations in the exchange rate came due to a regulatory restriction imposed by international compliance mechanisms on the countries of the dollar region, including Iraq. He added: There is a surplus in the current account of the balance of payments that is not less than (15%) of the country’s gross domestic product, which is a really high number, while the balance of foreign currency reserves amounted to about 100 billion dollars, which is the highest in Iraq’s financial history. What Salih is saying with this 15% figure in balance of payments is that there are more dollars going out of Iraq that are really needed to support the economy and is over by 15%. Is the goal to get it under 15%? Truly this is not bad now since it was almost 50% not too long ago. So, they are working on fixing the stealing of the dollars out of the reserves through the currency auctions. The new platform is helping. Overall if they can succeed this will show the international community they can control their currency.

He explained: and I quote from the article – “The Iraqi dinar is theoretically at its strongest degree of stability, but the international compliance controls that required greater transparency and governance in the behavior of traders in foreign currency through financing foreign trade from the window of the Central Bank in foreign currency”. So, you can see the issues and were the problems of controlling the exchange rate begins.

But having said all this today and showing you the evidence, in the back of my mind I keep saying that this only addressed fixing the current currency auction process. As investors we don’t want them to continue this process and so why all the efforts to do it? Why not just reinstate the dinar and thus the currency auctions will go away and problem resolved? Right?

But it does not work that way. If you truly feel this way then you are way too naive in your thinking and this has been the part of the problem all along in this investment in trying to get the news out correctly. It is simply NOT that easy to do. Like a child, Iraq must prove itself to the international community in the sense of responsibility to manage their own financial affairs thus their monetary system in country first then they will be allowed to come out into the global community. Get it?

But what is the current monetary system in Iraq? It is the currency auctions. Get it?

The hard part for me to swallow is who decides just when they are ready and when is the judgement laid down enough to say to pull the trigger? We see some hope and enlightenment today in the article by the financial expert, advisor to the Prime Minister, Mazhar Muhammad Salih, when he confirmed for us that the dinar is in the strongest degree of stability and the fluctuation of the currency price is caused by an external regulatory constraint.

We all need to settle down and relax. The reinstatement is coming and I certainly hope they can pull it off in this January 2023 and not have to wait yet another year. But this new 20k dinar note also has me worried that maybe they are planning already to wait yet another year? I don’t want to be a negative nellie as I want this reinstatement as much as you do. But we also have to face reality and lies won’t get us the RV any faster.

So, we can now see that our prayers for Iraq have worked and are working as God’s Hand is upon that country and he will give the Iraqi people back their prosperity and abundance that he has promised them through his prophets. Remember that we, as investors, just sit on the side line, and so we also share in what God is about to give back to Iraq.

The sore spot that I have and will always have, is the corruption on the level of the US politicians in 2012 thru early 2013 when they exchanged their dinars illegally and made billions leaving us small time investors holding the bag for the long-term. This is what really gets my goat….. but God has told us already through his prophets that these riches will be taken away from these corrupt bastards as a result of what they did.

I hope my analysis of the situation today helped you understand where we are in this investment. I don’t need bank stories, secret memos or treasury contacts. I have one of the best sources of honest and truthful information and that is my CBI person and the articles coming out of Iraq.

I do not see a need to coordinate stories from multiple banks or so-called exchange centers to see when the RV is going happen. They are all so low downstream in this exchange process. When they get the news I will already have it long before them. So if I do not follow through and give it to you there is nothing to be concerned about since  news from people like Bruce, Frank26, TNT idiot Tony and many others is all nothing but speculation. When the RV happens I will know and I will have a special newsletter to inform you.

*************************************************************

Formal Articles are below. Please see my comments in bold italic fonts in brackets (  ) throughout the articles.  Also, I separated the articles with asterisks and highlighted in bold any important lines worth noting.

*************************************************************

Articles Begin

THE SUDANESE GOVERNMENT OBLIGES ALL OF ITS INSTITUTIONS TO DEAL IN THE IRAQI DINAR

 

The Ministerial Council of the Iraqi Economy took, on Monday, a number of economic decisions, including obligating all ministries and state institutions to pay wages for goods and services in dinars.

This came, during the presidency of the Deputy Prime Minister, Minister of Foreign Affairs, Fuad Hussein, the meeting of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister, Minister of Planning, the Ministers of Finance, Trade, Industry, Agriculture, Labor and Social Affairs, the Secretary General of the Council of Ministers, the Governor of the Central Bank of Iraq, and the Chairman of the Commission The National Investment Agency is an agency, and the Prime Minister’s advisors for economic and legal affairs, according to a statement received by Shafaq News Agency.

At the beginning of the meeting, the council discussed, according to the statement, the draft law of the state’s general budget and the revenues and expenditures contained therein. It also discussed the economic issues on its agenda, and took many important economic decisions.

Among these decisions is obligating all state ministries and institutions to pay wages for goods and services in Iraqi dinars, and whoever chooses from the private sector to have sales as mentioned above, provided that the Central Bank of Iraq compensates those amounts in dollars and at the official rate, in order to fulfill their obligations and purchases outside Iraq.

The Ministerial Council of Economy agreed that the Central Bank of Iraq would contract with the “Zaha Hadid” Foundation to design the Central Bank building in Nineveh Governorate.

(It’s definitely a move in the right direction but still they need to create a demand for the dinar from outside of Iraq thus eliminate the need to exchange the dinar for dollars to spend on obligations and purchases outside of Iraq. This is main issue still facing the monetary system – to get out of these silly currency auctions  mentality and go global once again with the dinar. The pieces are all in place and so when will they pull the trigger?)

*************************************************************

ALIA NASSIF CALLS FOR STOPPING THE DEPOSIT OF OIL REVENUES IN THE US FEDERAL RESERVE: WE ARE OUT OF CHAPTER SEVEN

  

Iraq emerged from international sanctions at the end of 2022.

After the termination of international debt and compensation became
Iraq can not comply with the status of point sales in destiny that American is over is the last page that pays Iraq for an extravagant amount of its wealth, water, points and land.


The account is a country that is said to be an Arab country, a Muslim neighbor.


Stolen with drivers inside stole and is the size one of the governorates of Iraq, we have finally left  Chapter Seven. It’s time to move to recover what was taken unjustly.

*************************************************************

THE DINAR IS IN ITS STRONGEST DEGREE OF STABILITY

Baghdad / NINA / – The financial expert, advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed: The dinar is in the strongest degree of stability and the fluctuation of the currency price is caused by an external regulatory constraint.

He told the National Iraqi News Agency ( NINA ): The fluctuations in the exchange rate came due to a regulatory restriction imposed by international compliance mechanisms on the countries of the dollar region, including Iraq.

Saleh added: There is a surplus in the current account of the balance of payments that is not less than (15%) of the country’s gross domestic product, which is a really high number, while the balance of foreign currency reserves amounted to about 100 billion dollars, which is the highest in Iraq’s financial history.

He explained: The Iraqi dinar is theoretically at its strongest degree of stability, but the international compliance controls that required greater transparency and governance in the behavior of traders in foreign currency through financing foreign trade from the window of the Central Bank in foreign currency is the reason for the temporary supply of foreign currency in response to demand.

*************************************************************

AL-MALIKI: FOR THIS REASON, THEY ARE AFRAID OF PASSING THE BUDGET


The Parliamentary Legal Committee revealed, on Saturday, the reasons for the delay in approving the 2023 budget

Committee member Raed Al-Maliki said in a statement to the official newspaper, “The delay in approving the budget is due to political understandings and tensions between the blocs,” noting that “the Kurdistan region wants to include the next budget is a paragraph that will serve him regarding financial allocations.

Al-Maliki added that “dealing with the law and judicial decisions is dual, because the Federal Court obligated the Kurdistan region to hand over oil and gas and their revenues,” expressing his “fear that the political agreements may have included laws other than the budget.”

He explained that “the political parties are trying to pass their demands in accordance with the agreement that resulted in the formation of the current government.

(Yes, more corruption. The budget decisions need to be addressed way before it goes to the parliament for the voting process. This should be all done in the council of ministers. If there is not enough representation in the council of ministers then they need to build in to their system some kind of process where representation is present from the districts to have a say at that level.)

*************************************************************

PARLIAMENT OPENS ITS DOORS WITHIN TWO DAYS… AND A LIKELY DATE FOR THE ARRIVAL OF THE 2023 BUDGET

 

Today, Saturday, the Parliamentary Finance Committee confirmed that there is no information about the date of the 2023 budget’s arrival in Parliament, while it is likely that it will arrive at the end of this month.

Committee member Jamal Cougar told (Baghdad Today) that the House of Representatives will reconvene its sessions during the next two days, but until this moment the government has not specified a date for sending the draft budget law for the year 2023 to the House of Representatives, according to the information it is still under study and discussion with the executive government agencies.

And Cougar indicated that we expect the budget to arrive at the end of this month, and Parliament will study the draft budget law upon receipt accurately, and will make amendments to it according to the powers granted to it, noting that this matter will certainly be in accordance with what is agreed upon by the political parties, which are originally It has a presence in the cabinet.

*************************************************************

AL-JANABI: THE CENTRAL BANK IS ABLE TO RESTORE CONFIDENCE IN THE DINAR AND AMEND TECHNICAL MATTERS SOON

 

Representative Ziyad Al-Janabi confirmed, on Saturday, that the Central Bank of Iraq is able to restore confidence in the value of the dinar soon, while indicating that the bank lent the government and saved it from going into the unknown.

(How soon is “soon”. Ten years?)

Al-Janabi said in an interview with Alsumaria News. We appreciate the position Central Bank of Iraq who supported the Iraqi government with a cash loan of more than 30 billion dollars and saved it from going into the unknown at the time.

Al-Janabi referred to the ability Central Bank of Iraq to overcome the current crisis facing the dollar in the local market,” stressing that “the central bank has taken successful strategic steps to end the current crisis.

And Al-Janabi indicated that this problem, which confused the state of the Iraqi market, will soon be resolved, and the central bank is able to restore confidence in the value of the Iraqi dinar and adjust technical matters in the near future, stressing by saying that “the central bank has been able to raise the value of the dollar and gold reserves to a strategic amount, including a safe maneuver.” Good for the Iraqi government.

(We have seen some of the measures the CBI is taking in other articles in today’s newsletter. Did you read them?)

*************************************************************

Articles End

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.

Hi Everyone,

I bring you much news today.   

GIVE A GIFT TO MNT GOAT

I decided to allow everyone to give a Free-will GIFT to Mnt Goat on PayPal if you so desire. Here is the link below.

https://paypal.me/MntGoatNewsletter?locale.x=en_US

Going on 10 years now, I have taken my own time from my gasthaus business to research and document findings about the revaluation and reinstatement of the Iraqi dinar. At this time more than ever I do not need to spend my time babysitting and holding your hand in this investment. I do it out of charity and love with understanding that all of us do NOT have the time to go do our own research. We are busy with our jobs, our daily lives and raising our children. So, I try to help out. But remember I too am very busy in my daily life of running a gasthaus (bed and breakfast) and trying to make ends meet. I am no different yet I take the time out each day to complete the task of my newsletter for you. I do not need to do it, as I know the information before you get it.

So, please be generous but only if you can afford it and remember to give. I suggest $5-$10 a month but you decide. Even $1.00 would be helpful. Whatever you can afford will be helpful in this time of Covid where nearly 80% of our business is now gone due to travel restrictions.

2 Corinthians 9:7

God loves a cheerful giver! This is a beautiful thought because of what Paul says (give cheerfully) and because of what he doesn’t say (give a certain amount).

More news….

THE CENTRAL BANK OF IRAQ’S DOLLAR CASH SALES RISE ABOUT FOUR TIMES AS MUCH AS FOREIGN REMITTANCES

The Central Bank’s sales of dollars increased in an auction today, Wednesday, to more than 84 million dollars, with the participation of 21 banks.

Shafaq News agency reporter stated, “The Central Bank sold today, during its auction for buying and selling the US dollar, 108 million 478 thousand and 625 dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar.

Our correspondent added that cash sales increased significantly to reach 84,900,000 dollars, while the rest of 23,578,625 dollars went to reinforce balances abroad in the form of (remittances, credits).

Our correspondent indicated that the number of banks that bought the cash dollar amounted to 14, while the number of banks that responded to requests to strengthen balances abroad reached 9, while the total number of exchange and mediation companies participating in the auction was 230 companies.

More news….

FOR THE FIRST TIME, CENTRAL BANK SALES ARE DEVOID OF FOREIGN REMITTANCES

Today, Thursday, the Central Bank’s sales of dollars in an auction were devoid of any foreign transfers, so that sales were limited to cash only.

According to the currency window, “the central bank sold today, during its auction for buying and selling US dollars, 43 million and 500 thousand dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar.”

The window also showed that “sales were limited to cash only, which amounted to 43 million and 500 thousand dollars, while sales were devoid of any foreign transfers.”

The number of local banks and banks that bought the dollar currency reached 21 banks and local banks.

(They have told us Iraq needs about 60 million in currency auctions sales a week to meet the demand of the Iraq economy. So this sales is just about where they expect it. Also this time the auctions sold only CASH and no large electronic transfers, which were very suspicious anyhow and probably going to Iran. Did they finally get it under control using the new platform installed by the US Treasury? Remember it was going over 200 million most weeks and the difference was being stolen and not part of the economy. It was an illegal drain on the CBI monetary reserves and had to stop. To me this is very good news. But will it be consistent? It matters in stabilizing the monetary system of Iraq. We need this before they will pull the trigger on any reinstatement. When the CBI says they need ‘stability” this is all part of it.)

More news….

IRAQ ACHIEVED THE LARGEST PURCHASE OF ITS BONDS DURING THE MONTH OF OCTOBER 2022, MORE THAN 10 YEARS AGO

The US Treasury Department announced, on Wednesday, that Iraq achieved the largest purchase of its bonds during the month of October 2022, more than 10 years ago, making it one of the largest foreign holders.

The treasury said in its latest schedule, seen by Shafaq News agency, that “Iraq achieved, during the month of October of 2022, the largest purchase of US Treasury bonds, at $38 billion,” noting that “the value of these bonds increased by 86% from the value of the bonds.” for 2021, and increased by 76% over 2020, and increased by 16% over 2019.

And she added, “Iraq’s highest possession of US Treasury bonds was in 2012, when the value of bonds in that year reached $48.3 billion, after which it decreased by 29% in 2011.”

She pointed out that “Iraq was the fourth largest Arab country in terms of the value of bonds after Saudi Arabia, Kuwait and the UAE, while Japan came on top of the countries with the largest value of these bonds, followed by China second and the United Kingdom third.”

(You can clearly see how the US is using Iraq to fund its national debt. Could this be why the US Treasury is so concerned about Iraq. Yes, it needs stable Iraq so it can pay its bills to the IMF and buy more bonds…… 😊 as the US democrat administration spent record highs since in office for only 2 years. Who is going to pay for all this debt? Yes, it’s all interconnected. Do you see it now?)

More news….

STATUS OF THE RV

I wanted to focus today on the Iraq progress towards their accession into the WTO. I am doing this because every time there are articles on their progress coming from Iraq, readers have to automatically blurt out comments that Iraq needs a tradable currency in order to join thus the hype begins that the RV is going to happen any day. So, is this true or not? We need to stop this over-speculative mindset and just stick to the facts. Let’s look at the FACTS.

Today I am showing you the FACTS on this matter. It is very important to note that although the WTO is not a UN specialized agency, it has maintained strong relations with the UN and its agencies since its establishment. The WTO-UN relations are governed by the “ Arrangements for Effective Cooperation with other Intergovernmental Organizations-Relations Between the WTO and the United Nations ” signed on 15, November 1995. So ,we can pretty much conclude the WTO is in fact a de-facto part of the UN, which we know is fully supporting the global government and has been taken over by the G7 members and elitist. The UN has been compromised and is no longer an independent organization for “world peace” as most believe. This has enormous influence on the accession of Iraq into the WTO. This has enormous impacts on nations that refuse to go along with the One World Governance protocols they are now pushing. I would not be a bit surprised if they throw Russia out of the WTO over the Ukraine issue since President Putin refused to go along with this One World Governance plan as so did Trump under his presidency.

Iraq started the process of joining the WTO 18 years ago. Yes, 18 years ago!!! Wow! We learned a few years ago that the WTO is now “fast-tracking” the process for Iraq.  It has too since through bad politics especially during the Nori al-Maliki administration of 8 years, Iraq lost many good years of progress in all directions for Iraq and thus also towards the reinstatement.

Iraq initiated its process to WTO Accession in 2004 but due to political and economic instability this was stalled until 2017. This delay was mostly due to the policies of stagnation of Iraq during the years of Nori al-Maliki as prime minister of Iraq 2006-2014. Once Maliki was out of office Iraq expressed interest to reinstate their determination to join the WTO. So, you just learned the process was delayed due to corruption in Iraq.

Since then, the fast-tracking process is underway. But it is 2023 and still they are not a full member. Why? This is nearly reaching the 5-year mark since they showed interest again. They must be VERY close to full membership as the norm is about 5 1/2 to do it.

Since 2017, Iraq has made considerable progress in this front including the recent submission of key technical documents to the WTO secretariat. We are told in today’s newsletter in an article by Economy News from Baghdad, that the Iraqi Ministry of Trade on Wednesday detailed its plan to complete the requirements for Iraq’s accession to the World Trade Organization. I would suspect they plan is for “fuly” accent by the end of 2023 if not sooner. So, this still leaves the question – Does Iraq needs to reinstate their currency first and be able to trade in open global markets under the WTO. The answer is NO and the WTO has told us this in past articles I have presented to you. If you have been a faithful Mnt Goat blog follower you should know this FACT already.

However, having said NO to any WTO requirement to have a global currency to join the WTO, I will say that I believe the WTO is also going to push that Iraq reinstate the IQD back on FOREX and relieve Iraq of all sanctions on their currency such as the OFAC sanctions of the US Treasury. Let’s just get the facts right and stop the hype. But again, remember they may not push them. So, this gets tricky. They may even do this as their recommendation to the WTO and US Treasury to allow the completion of the accession process. This is what I fully believe will happen.

In fact, since day one 2003, the US had already planned Iraq’s entry into the WTO and Iraq’s reconstruction has been geared towards it becoming WTO-compliant. Remember that by now Iraq was supposed to be already reinstated on FOREX, as Dr. Shabib wanted to do back in January 2013.

According to one researcher, the US ordered Bearing Point, the contractor tasked with the economic reconstruction of Iraq, to “create a WTO-consistent trade and investment legal framework which will both promote competitive development of domestic business… and lay the groundwork for greater integration into international financial and trading networks.” This means that Iraq’s laws have to be re-written to become WTO friendly and to transform Iraq’s former state-controlled economy to a complete market-controlled economy with international trade at its center. I believe these laws, in part, are now completed as we have seen the articles. But there is still work to be done. Do you remember?

If you read through the White Paper reforms by Al-Kazemi written in 2019, you can clearly see that it is all about moving ahead to global markets both for imports and exports, to a complete market-controlled economy with international trade at its center. Thus movement for Iraq and accession into the WTO. That’s because Al-Kazemi worked closely with the BIS, IMF and the WTO in putting this plan in place. Now the Al-Sudani and the Maliki gang want to disregard the plan? They say they don’t but ultimately they will give in to his plan. Even before Al-Kazemi’s plan there have been other plans that went to deaf ears and blind eyes. There is too much riding on the plan and it has been way too long a delay already. No more playing around with Iraq and the US is now geared up to kick ass if they do not move ahead, thus the upcoming meeting with the new prime minister Al-Sudani in Washington DC. I believe they are going to read him the riot act,,,, if you know what I mean? The US is determined to make Iraq a global leader in the middle east. Iraq will help secure the US financial future as well. Iraq also knows that to fully integrate their customs and tariffs, their systems for tracking and making payments for these revenues, it must tie into a global currency trading platform of some kind to get up to date currency rates for conversion. In all accounts, Iraq needs to get out of the isolationistic banking practices held already way to long since the 2004 conversion to the 3 zero notes and the stripping the IQD off of the global trading platforms.

Yes, we all should know it is not “if” the IQD will reinstate is just a matter of “when”.  

First please take a few minutes to listen to the videos link below:

Accession to the WTO – YouTube very short introduction to the WTO

Why accession to the WTO takes years and how to fast-track the process – YouTube

Note in the video when the commentator mentions “global trading platform”. Does this have any significance to the currency trading platform we just witnessed the US Treasury coming into Iraq to install , forcefully implement and mandate it’s use for all banks, if they want to participate in the currency auction window or better yet “currency trading”.

So, if you really, really want to know the full details of the process of accession you might want to read this link too.

ACCESSION THROUGH THE BACKDOOR: HOW THE US IS PUSHING IRAQ INTO THE WTO – Focus on the Global South (focusweb.org)

Then we heard that his new platform just installed that banks that do participate will be able to trade not only dinars or dollars but also in  other foreign currencies. Folks this was yet another step in the right direction. Can you connect the dots?

The FACT of the matter that the US dollar rate rose so drastically against the Iraqi dinar was that there was a scarcity of dollars in the market and thus under the very basic law of economics when demand goes up and supply is low this causes an increase in price. This was caused by the delay in the installation and training to use the new platform. Also, many banks were eliminated and closed down for corruption and thus these were some of the major sources of dollars. Most of this money did not serve the Iraqi people anyhow but it did cause a small monetary panic.

So not every bit of news we hear from Iraq is about the RV but this news of joining the WTO is encouraging and we should take note. But we should note of it not because of some over-speculative comments by some uniformed intel internet guru or joe blow listeners to their blog. We should instead take the information and ask the pertinent questions that need to dig down to the truth and facts. Then relax and know that the RV is coming but there were obstacles in past.

Can Iraq get past these obstacles? I am so sick and tired of these intel gurus telling us “there is nothing else for Iraq to do”. Of course there is and so hw stupid of a statement to even make! How the hell do they know anyhow? Are they in Iraq? Are they in the forefront of the political battle they are experiencing in Iraq? Do these gurus even give a shit or are they more concerned about selling their products and getting fees to join their sites?

Know that in the past there was absolutely no way this RV could or should have happened as these idiot intel gurus told you like every week or every weekend. Just absolutely no way! I have proved it to you over and over again. I don’t care about their banker stories or if there are people in the exchange centers. Who the hell cares…really? They are so far down on the food chain. Most of the bankers listen to the intel gurus anyhow and that is how they too get hyped up for the RV. They then pass this hype back to the same people who hyped them up in the first place. Get it? The stupid shit just circles around and around…..So go figure how the bullshit is just flowing around.  Then add this stupid White Hat and NESARA/GESARA nonsense to it and have total insanity. Yes, it is unbelievably insane how people can be so gullible! ☹

Why not just tie into the CBI and get the real news from Iraq. With half a brain it is not hard to connect past news with the current news to see where they stand on the process of moving forward. The news may not meet your expectations or timing but you can’t change reality with lies. Get it?  

NO! The RV has not yet happened. Who told you it did? Go back and ask them for proof and I mean absolute proof and not hysteria or lies.

Are you keeping your prayers alive. It is most important now more than ever to do so. We have won so many battles already only these have not yet been announced. The war still rages on in the US and don’t let anyone fool you. It is 2023 and wonderous things are going to happen but we must still work at it. God wants our participation. Don’t let the battle we are witnessing now for the majority speaker of the house discourage you. It is vital to have a strong speaker who is going to confront all the corruption and be able to set up and appoint members to committees, especially the judiciary committee.

Will there be a TAX revolution in the US?

Some of what is installed for 2023. More to come.

*************************************************************

Formal Articles are below. Please see my comments in bold italic fonts in brackets (  ) throughout the articles.  Also, I separated the articles with asterisks and highlighted in bold any important lines worth noting.

*************************************************************

Articles Begin

BUT WHO WILL PROTECT IRAQ FROM IRAN?

 

The Iraqi leadership is fully aware of the reality of what Iran is doing to their country, but can do nothing about it. 

Iranian Supreme Leader Ali Khamenei reportedly said in a meeting in Tehran with Iraqi Prime Minister Mohammad Shia Al Sudani that Iran is “ready to protect Iraq from those who want to destabilize its security and stability.” Iraq is “the best Arab country in the region in terms of its natural and human resources as well as its cultural, historical and civilizational heritage,” he said.

This statement is in itself striking. Iraq does not need Khamenei to promise protection from those who want to destabilize its security and stability. Instead, it wants the Iranian leader to pledge to prevent his country’s hand from harming Iraq and violating its national sovereignty.

Iraq certainly does not want its neighbors to protect it. It just wants them to keep their hands off it; they must adhere to the principle of good neighborliness. These facts are not unfamiliar to the Supreme Leader and his fellow mullahs.

But the Iranian regime is addicted to mendacity and deception until it believes itself. It believes that its lies can be bought by others. Everyone knows who is tampering with Iraq’s security and undermining its security and stability.

Who has an interest in keeping this great Arab country intact without the possibility of regaining its economic strength and its ability to develop? Its strategic influence is also at stake. Indeed, Iraq, along with Yemen, is the regional actor most affected by Iran’s expansionist hegemonic policy.

This former Arab country is paying a high price for Iranian sectarian expansion in the Iraqi body, and the signs and indicators of this expansion are not a secret to anyone, be it in the sectarian political conflict, be it between Shiites and Sunnis, or between the main Shiite parties in the country.

The Iranian position, which seeks to suggest support for Iraqi stability, comes in the context of an invitation from Amir Saeed Irvani, Iran’s representative to the UN. In it, he calls on the UN Security Council to condemn Israel’s attacks on Syria as a violation of international law, humanitarian law and the UN Charter.

It is as if he thinks Israeli attacks in Syria are subject to a different international law than Iranian attacks and violations in Iraq. The principled lesson given by the Iranian envoy to the UN in defense of Syria is the same lesson that should be given to those in charge in Tehran.

Syria, which has been granted the right to defend itself in accordance with international conventions, is in a similar position to Iraq, whose sovereignty Iran has repeatedly violated.

Both major Arab countries suffer from the same problems and violations, but a very important point is that Israeli attacks in Syria target Iranian or pro-Iranian entities that Israel considers a threat. In other words, it is Iran that issues the threat and tries to deflect it by claiming to defend others.

Syria cannot by itself effectively keep the pro-Iranian militias out of its territory for very complex reasons, at least at the moment and under the current circumstances, while Iraq is committed to protecting its border with Iran and preventing any threat to Iran from Iraqi territory.

Security and stability in northern Syria can only be achieved by preserving its sovereignty, territorial integrity and respect for its statehood. Israel, while protecting itself, is in effect helping to preserve Syrian sovereignty from Iran. The right to the above also applies to Iraq and all other countries. Why doesn’t Iran itself begin to abide by these principles, take its hands out of Iraq and comply with what others are demanding?

This debate is a reminder that principles are indivisible; credibility is achieved by understanding, applying, and fully following them without violating them on one side and demanding them on the other.

But it is ironic when a regional party practices all kinds and practices of violating the sovereignty of others while granting itself the right of trusteeship, dressing itself in the garb of innocence and demanding the condemnation of practices that it itself practices in other countries. The Iraqi leadership is fully aware of the reality of what Iran is doing to their country.

But it is inevitable for them to continue to cooperate with the regime of the mullahs. It is the evil neighbor they need. The lesser evil for Iraq is to try to contain or at least limit and mitigate Iranian interference in its internal affairs.

The scenario appears very difficult and ultimately depends on the extent to which it is consistent with Iranian interests, goals, and plans. But Iraq’s interests require further attempts and efforts in this direction.

*************************************************************

GOVERNMENT MOVEMENT TO COMPLETE THE REQUIREMENTS FOR IRAQ’S ACCESSION TO THE WORLD TRADE ORGANIZATION

Economy News – Baghdad

The Ministry of Trade on Wednesday detailed its plan to complete the requirements for Iraq’s accession to the World Trade Organization.

The ministry’s media center told the official news agency that “the committee on Iraq’s accession to the World Trade Organization, headed by the Minister of Trade and the membership of representatives of ministries and authorities, as well as representatives from the private sector, is working to complete the requirements for Iraq’s accession to the organization.”

He explained that “the ministry’s plan during the current year includes completing technical accession files in terms of goods, services and intellectual property, in addition to harmonizing legislation and laws with the agreements of the multilateral organization.”

He pointed out that “the plan includes holding official meetings at the organization in Geneva, and that there is high coordination with member states that carry economic weight in the organization to mobilize support, accelerate accession procedures, and make Iraq an active member and partner in economic decision-making and trade policies that enhance Iraq’s integration into the global economy.”

He pointed out that “the Minister of Trade confirmed – within the prepared plan – the preparation of the Iraqi negotiating team, which will engage in negotiating rounds with member states of the organization by strengthening the negotiating capabilities of members and benefiting from the experiences of countries.”

*************************************************************

Articles End

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.

Hi Everyone,

I bring you much news today.   

GIVE A GIFT TO MNT GOAT

I decided to allow everyone to give a Free-will GIFT to Mnt Goat on PayPal if you so desire. Here is the link below.

https://paypal.me/MntGoatNewsletter?locale.x=en_US

Going on 10 years now, I have taken my own time from my gasthaus business to research and document findings about the revaluation and reinstatement of the Iraqi dinar. At this time more than ever I do not need to spend my time babysitting and holding your hand in this investment. I do it out of charity and love with understanding that all of us do NOT have the time to go do our own research. We are busy with our jobs, our daily lives and raising our children. So, I try to help out. But remember I too am very busy in my daily life of running a gasthaus (bed and breakfast) and trying to make ends meet. I am no different yet I take the time out each day to complete the task of my newsletter for you. I do not need to do it, as I know the information before you get it.

So, please be generous but only if you can afford it and remember to give. I suggest $5-$10 a month but you decide. Even $1.00 would be helpful. Whatever you can afford will be helpful in this time of Covid where nearly 80% of our business is now gone due to travel restrictions.

2 Corinthians 9:7

God loves a cheerful giver! This is a beautiful thought because of what Paul says (give cheerfully) and because of what he doesn’t say (give a certain amount).

More news….

MINISTER OF FINANCE: THE BUDGET WAS NOT SENT TO THE COUNCIL OF MINISTERS. AND THESE ARE ITS TOP PRIORITIES:

Baghdad / Nina / Finance Minister Taif Sami revealed on Friday the fate of the draft general budget law for the year 2023, and the most important paragraphs that will focus on it.

Sami said in a statement to the official agency, “The ministerial program approved by the Council of Ministers includes the current expenditures of some ministries, and other investment projects that the Ministry of Planning worked on and were included in the 2023 budget.”

She added: “The general budget will focus mainly on the health sector, supporting hospitals, reducing the conduct of operations abroad, supporting vulnerable classes, social welfare, and people with disabilities, and raising the ceiling of loan capital for small projects in the Ministry of Labor.”

She explained that “the Ministry of Finance is still working on completing the general budget law for the year 2023, and there are meetings held with the Prime Minister to include the directives, and they have not yet been sent to the Council of Ministers,” stressing that “the budget will include the establishment of a development fund, and we have put its allocations for the investment platform with a text in the law on how to support it and prepare its internal system and project within a year.”

The Minister of Finance added that “the price of a barrel of oil that has been put so far in the general budget amounted to $ 65, and may reach $ 70, and the total amount of the budget has not yet been set, while the exchange rate is fixed at 1450.”

She stressed that “the draft general budget law may include a study to impose some taxes on the oil derivatives sector if approved by the House of Representatives, which will enhance revenues.”

More news….

OIL PRICES HIT A NEW HIGH ON FRIDAY

Information / Baghdad..

Oil prices hit a new high on Friday, on course for a second year in a row, albeit small, in a year marked by tight supplies due to the conflict in Ukraine, a strong dollar and weak demand from China, the world’s largest crude importer.

Brent crude futures rose 44 cents, or 0.5%, to $83.9 a barrel, after settling down 1.2% in the previous session. US West Intermediate crude was $78.88 a barrel, up 48 cents, or 0.6%, after closing 0.7% lower on Thursday.

It is expected that Brent crude will end the year 2022 with gains of 5.76%, after rising by 50.2% in 2021. 

More news….

MINISTER OF FINANCE REVEALS THE DOLLAR EXCHANGE RATE IN NEXT YEAR’S BUDGET

Baghdad – Mawazine News
Finance Minister Tayf Sami revealed on Friday the fate of the draft general budget law of 2023, and while she determined her priorities and exchange rate, she announced the resolution of the file of installing lecturers and contracts in state institutions.


 The Minister of Finance added that “the price of a barrel of oil that has been placed so far in the general budget amounted to 65 dollars, and may reach $70, and has not yet been set the total amount of the budget, while the exchange rate has been fixed at 1450.”

(So, all you TNT followers. You waited so long for the IQD exchange rate in the 2023 budget and so here it is. Looks like no RV to me. Where is your $3.80 rate?)

More news….

AL-KALABI: THE SUPREMACY OF THE DINAR PREVENTS ANY FUTURE SPECULATION IN THE DOLLAR

Information/Baghdad..
A member of the Parliamentary Integrity Committee, Youssef Al-Kalabi, demanded, on Saturday, the government to implement an integrated economic program to ensure the supremacy of the Iraqi dinar in the market and prevent trading in the dollar, indicating that the supremacy of the dinar suppresses any future speculation in the dollar.


He added, “What is happening is speculation between merchants and influential people, and the government can control this phenomenon urgently by completely banning circulation and dealing in the dollar, except in some cases, and granting sovereignty to the Iraqi market for the dinar.”
 

Al-Kalabi explained, “The sovereignty of the dinar will be a guarantor to prevent any manipulation of its value, and it will harm the merchant, the contractor, and the owners of the professions before the government in the event that any step is taken to break its prestige.”

More news….

TO WHOM IT IS CONCERNED:

From time to time, I feel it is necessary to reply to comments that were made on the blog. This one below fits this situation:

Blog Reader Comment: “Love your newsletter and your non guru approach. The rosary is a catholic thing. Wasn’t recognized in the Bible which is the source of all Godly inspiration. Rosary was invented in 1200 AD. JESUS IS THE INTERCESSOR as clearly stated in scripture and no need to pray to Mary. Go directly to Jesus and the Holy Spirit. Only three in the trinity. May God bless you and your family”

Mnt Goat Comment: I am so glad you appreciate the blog and the honest approach to the news about the RV and other important issues. It made me glad to see such a person who wants to know the TRUTH and continually tries to educate himself or herself.

In 1917, the Blessed Virgin Mary appeared to three shepherd children in Fátima, Portugal. It was the first of six total apparitions the Blessed Mary would make to the children from May to October 1917. During this time not even one of these apparitions did she ever say to bring only Catholics to attend or to teach only Catholics to pray her way. So, I don’t know where you got that the rosary is just a Catholic “thing”.  

We pray the rosary at the request of Mary but the rosary was around way before these Portugal apparitions occurred. However since the 1917 apparitions in Portugal, the Blessed Mary has appeared thousands more times always giving the same message of praying. She explained to the children the importance of praying the rosary and so we follow their example. The origin of the rosary dates back to the ninth century where Irish monks would recite and chant the 150 Psalms of the Bible as a major part of their worship. The rosary is mean to be prayed in a chant. The first recorded use of the word “rosary” did not appear until 1597. But the roots of the rosary are found far earlier but certainly not as far back as 1200 A.D. as you stated when it was “invented”. The fact is no one really knows just how old the practice really is. But the fact that the rosary has been said for so long should tell you something? It tells me that we should pray with the beads in an orderly fashion and follow the direction that the Immaculate Mary gave to us in her apparitions.

But these were three poor children in a village in Portugal, who’s faith we primarily Roman Catholic. Who would the children then go to if they saw an apparition of the Immaculate Mary? Of course, it would be to the Catholic priest from their own church. This is why, I believe, it is the Catholic church to this day that sort of owns the rosaries as more of a Catholic practice. So, yes, from this standpoint you are correct. Remember also the Roman Catholic religion was a worldly state religion at one time too and this certainly has an effect on the rosaries being more of a Catholic practice too. Remember this analogy – just because the Italians invented pizza does not make it a nice, tasty dish that cannot now be enjoyed by every nation as the recipe spreads throughout the world. Why not eat it and enjoy it then?

A patronage of the Blessed Virgin Mary is a form of spiritual protection attributed to Mary who is the  mother of Jesus. These protections come in favor of some occupations, activities, religious orders, congregations, dioceses, and geographic locations. It varies widely.

How to pray the rosaries has been refined overtime, like the pizza recipe from Italy. When we pray to the Immaculate Mary, who is also a saint, our prayers are “intercessory” prayers as with all prayers to the various other saints. But for the Immaculate Mary, these intercessory prayers are a very, very powerful form of prayers. They are powerful because you don’t pray for your needs, rather you pray for the needs of others. Also remember when praying the rosary to the Immaculate Mary that she is much different than the other saints as she was the closest human on earth to Jesus while he was alive. Yes, in the bible in Romans 8:26,34 it does mention that only Jesus and the Holy Spirit are qualified to be our intercessors and I quote “There is only one priest among men who can go to God in his own right and intercede for us, who himself does not need an intercessor. That man is Jesus Christ.” So, knowing this we are not asking the Immaculate Mary to take the place of Jesus as the intercessor but rather to be our intercessor with her son Jesus. Get it? Then her son Jesus is then the intercessor with the Father. We only practice this intercession with the Immaculate Mary and many of the saints because of their special grace that the Father has bestowed upon for this very purpose. In the book of Romans and even in John they are trying to discourage you from using pagan gods and to know it is through the life and death of Jesus that we are saved. The blessed Mary is every part of Jesus’s life while here on the earth.

We must be careful in our self-interpretation of the bible passages since there are many meanings to them as times today are much different than 2022 years ago when Christianity was just beginning. Remember that Mary took the risk of death in saying yes to the angel Gabriel to allow Jesus in her wound out of wedlock. In Deuteronomy 22 and John 8 we find that in the days of Mary and Jesus, they stoned women to death who became pregnant without marriage or committed adultery. Do you not think that she would still have some influence on Jesus once in heaven? This influence I am sure would be much deeper than of any of the other saints. Yes, I fully qualify her to intercede since she has the “ear” of Jesus.

So, when I ask my readers to pray the rosary, I am only asking because we need peace and the Immaculate Mary is also the patron saint of peace and of difficult situations. This revaluation and reinstatement of the Iraqi dinar is a very difficult situation. It is not a “get rich quick” scheme. We can also pray for these intentions in our own special way and I really don’t care. But for me the Immaculate Mary has always come through for me in these difficult times. I wanted to share this message of HOPE with everyone. I would only wish that we all have developed or will develop a special relationship with Christ Jesus our Savior and King and of his mother Mary to pray somehow and that is the real important part.  

More news….

ABOUT TO LEGISLATE THE OIL AND GAS LAW

Baghdad-INA  
The Kurdistan Democratic Party announced today, Sunday, an agreement to legislate the oil and gas law, while noting that the law will solve one of the most prominent outstanding problems between Baghdad and Erbil.
  
“Both Kurdish parties have their interests, and the dispute between them is a very natural issue, provided that the differences do not affect the interests of the Kurdistan region,” said Majid Shankali, a representative of the party, in a statement.


He added, “The best way is the dialogue, to reach a formula of understanding between the two parties, and go to Baghdad unified to resolve contentious points, especially the region’s share of the budget,” noting that “everyone agrees on the oil and gas law, and it will be legislated during the coming period.”

(I believe this is the “referendum” for the oil and gas law that we talked about in previous newsletters. Let’s hope they finally get it done. This is required to “fully” implement their new constitution.)

More news….

THE CENTRAL BANK DIRECTS TO MONITOR EXCHANGE RATES AND HOLD LOCAL MARKET MANIPULATORS ACCOUNTABLE


The Central Bank of Iraq directed, today, Monday, to follow up the exchange rates of the dollar in the local markets, while stressing that manipulators should be held accountable.

A source in the central bank toldAlsumaria NewsThe bank directed the deployment of mobile teams to follow up the exchange rates of the dollar.  It is noteworthy that the exchange rates of the dollar in the local markets rose earlier to 158 thousand dinars, compared to 100 dollars.

(We all should know by now these local street money exchangers are a large part of the problem and  manipulate the sell of the dollar uncontrolled. They should be banned and this is the ONLY real solution the corruption that takes place in this area. It encourages black market sales. The CBI must force the sale of all currency to the banks and only to the banks.)

More news….

STATUS OF THE RV

Lots of excellent articles in today’s new. These articles may be long but they explain so much. I will try to give a summary but I encourage you to at the very least to go down to the articles section and first read the headline and then read what I have placed in bolden letters. This way you can skim through them quickly and get a good sense for the news.

As I watch this saga of the exchange rate play out in Iraq, I can’t help to think about all the drama. I listen to many intel gurus to get a sense of their nonsense. Many of my readers ask me questions based on this crap. Frank26 has done it again and so I just want to clarify. He is yet another idiot who can look at the exact same article that I do and see entirely a different message. I don’t get it. Can’t they read? This guy walking-stick is who? How many times is this guy going to die and come back to life. You see Frank26 uses this imaginary figure to back up his lies. This way he is free of any guilt when it is determined later he is a liar. He also likes to hide behind his “opinion” statements which he believes also clears him of any guilt with his listeners. Who the hell wants anyone’s opinion especially from an idiot like Frank26? I highly encourage everyone just to watch  at least one of his Youtube shows if you want a really good laugh 😊. Why does he think he has to wear these colorful cloths to pass out intel on the dinar? Yes, each Youtube presentation is a different outfit. Has he see a shrink yet?

Today’s news is still mostly all about what to do with the Iraqi dinar. On Saturday, the economist, Nabil Al-Marsoumi, spoke about a lesson he learned from the dollar. Therefore, “I do not advise people to buy or not buy the dollar.” So, when will the CBI see that the problem is the sole peg to the dollar which allows manipulation of it. See Al-Marsoumi’s full article below. Oh…trust me they know what to do and so why won’t they do something about it?

Recently I told everyone that the CBI was conducted an experimental pull back from the sole peg to the US dollar. The results of this experiment was exactly what they expected and the US Treasury hammered them as they did not go forth with the reinstatement as promised in the timing promised. This does not mean they won’t. The 2023 budget was scheduled to be delivered to parliament and go through the voting process but this too has not yet happened. I know at times it seems like the world is falling apart in Iraq but I can assure you it is not. The US has stated they are willing to work with any freely elected government of Iraq as long as it orchestrates the goals of the US, which is now stated in the accepted “White Paper” plan for reforming the country. Remember it was Iraq that wrote the plan. It was Iraq that voted to carry it out. Finally, a workable plan was put forth during the caretaker government led by Al-Kazemi. It is hard to move Iraq forward when an election causes an administration change out that wants to do completely the opposite just to spite the past administration even though it harms the nation as a whole. This is mad politics!

As we read in today’s news America recently put in place procedures and restrictions that caused a decrease in the percentage of Iraqi funds transferred to Iraq on time to meet demand. But was this demand legitimate? Thus the implementation of a new trading platform for the currency auctions. This implementation caused a shortage in supply and an increase in demand of the dollar, and thus led to a rise in the exchange rate of the dollar against the Iraqi dinar.

As we all should know by now that when Iraq sells oil it must be paid in “petro-dollars” meaning in US dollars. This creates a sustaining demand for the US dollar. Even worst is that this money is still being paid into the US banks over in the US. The US Treasury then decides when to pay Iraq based on its budget. So I ask and so do economists in Iraq – Why is this procedure still in place?

Is this procedure still in place to keep the “fiat” US dollar alive? We know with the supply and demand arrangements since the global depression of the 30’s that without this speculation and system the Federal Reserve has set up to control the US dollars around the world, the US dollar would basically have crashed decades ago. Even today with trillions upon trillions being spent in the Biden administration, yes record highs, and most of it not very transparent it seems the US is on a free-fall spending spree and collision course to a major financial crash.

What is happening is the imposition of American tutelage on Iraqi sovereignty and on the Iraqi economy and money, noting that Iraq came out of Chapter VII, and no one can impose any tutelage on it, and therefore Iraq is now demanding the restoration and transfer of Iraqi funds in full to the Treasury of the Iraqi state and not US banks. They stated further our position is firm, which is not to transfer money from Iraqi oil sold to the US Federal Bank, which controls, together with the US Treasury Department, the procedures for transferring dollars back into Iraq.

Folks this news is huge, huge news. Is this why the US must keep the sole de facto peg of the dinar to the US dollar? Can Iraq shake themselves free of this tutelage to the US Treasury? Is it time? Can Iraq secure its own funds without the help of the US Treasury? Does this money in the banks in the US booster the holdings in these banks and secure them investors? What will happen to these banks in the US when and if they decide not to any longer hold these funds?

So, is Iraq just being a “cry- baby”. Are there legitimate concerns by the US Treasury of oil fungs being stolen from Iraq?

On Thursday the United States has called on the Central Bank to punish all banks that deal with Iran. Also the US Federal Bank has put in place a series of strict procedures in recent times, obligating us to display lists of dollars sold on it, including the names of persons and beneficiaries, and a wait of 15 days for a statement of the Federal Bank’s position before paying out on these requests. The sale process will stop if the bank objects. The Federal Reserve will stop payment on a specific name because it is wanted, or there is similarity of names, or there is suspicion of the purpose of buying the dollar.


The Federal Bank is currently in the process of adding three supervisory authorities to dollar sales to check its destination after the sale, to prevent it from reaching terrorist or prohibited parties, and because of these conditions and limitations, the central bank cannot provide the dollar to all those who ask for it, for the sake of the country’s economy and to preserve the currency from loss and smuggling.

So, this is really where Iraq is right now. It boils down to this question. Why is the US Treasury now cracking down on these currency auctions so forcefully and doing it now?

No, I do not believe this stupid intel guru talk about getting ready for the RV as a reason. How stupid and irresponsible to tell this to your faithful listeners.  I have talked to my CBI contact on this subject matter many times and it is all about the fact that the US Treasury tried and tried to give the CBI time to “clean up its own act”. However, they could not do it alone and so the US must now step in to help. Iraq was given more than a decade to do it alone. It is that simple. The clock is ticking and oil as a major energy source will not last much longer. The period of using oil in the history of energy on the planet is almost over. I quote from people in the US Treasury that until Iraq puts on its “big pants” and not only claims to be a sovereign nation but acts responsibly like one, they will be under the tutelage of the US.  They also added that Iraq must find a way to grow politically and change their election process (as the delay in electing new governments is not acceptable either).

What do they do next? What is the next move. We wait, watch and listen for news. But I mean real news not made-up lies from these intel gurus. Get it?

So, again I ask us all to keep praying for the people of Iraq. I recommend the daily rosaries but the important part is to pray and pray with the heart. We must see a drastic turn-around happen in Iraq somehow. Look at it this way- do they put the horse before or after the cart meaning do they reinstate the dinar hoping the situation will just correct itself as a result or fix he situation at best and then reinstate. I will tell you this has been debated recently and will be talked about again when Al-Sudani arrives in the US soon for discussions in the White House. But remember too that Joe Biden is the laughing stock of the world and leaders do not want to meet with him even. So, this visit, if it does happen, is going to be interesting.

More news….

POLITICS

I try to keep politics out of our investment news as much as possible but this I have learned is a senseless task as, I know and you know, it is now all about politics. So my question now is to all my extreme liberal readers – was president Trump really all that bad or was it the “fake” news media given an a political agenda to advertise on behalf of his opponent? Just asking as this is now a very rational and practical question to now be asking in light of these last two years and all the nonesense we have experienced under Biden?

Different leadership styles for different situations

What is the truth behind this Ukraine mess?

Another current situation that really gets my Goat is this current administration’s relationship with Ukraine and protection of Ukraine. I may not know all the FACTS yet but I assure you something is fishy and stinks about these Biden/Pelosi aid packages to Ukraine. Dd you know it the latest one under the Omni bill we are not even allowed to challenge through audit where the money is going? So, what is really going on? Instead, we all should be asking many very important questions instead of going off half-cocked supporting yet more aid for Ukraine after this dog and pony show in our US Congress. This Zelensky guy couldn’t even dress for the occasion and respect the US house of Congress and instead whore a soldier’s military outfit indicative of his dictatorship in Ukraine.

It is widely known that Ukraine is the most corrupt country in the world. It is a cesspool of black markets, mafia crime, globalist ideology, satanism and underground neo-Nazism. The G7 uses Ukraine as their money laundering country and Volodymyr Zelensky is their man to help them maintain their status quo. When president Donald Trump tried to find out what was going on over there, he was abruptly shut down and accused of a crime, the very same crime that the former vice president, now president, committed and openly told the audience about his Quid Pro Quo on national television. Yet he was protected. Why? Don’t you extreme liberal Biden supporters get it yet?

Some patriots believe in fighting to save their country!

Democracy is being abused

I can clearly see the twisting of the American minds when it comes down this issue of “democracy” and the use of the term. Just so everyone knows to have a full and unhampered democracy would be a disaster for any nation and would only lead to anarchy and dictatorship. Oh…but you question my statement? Did you even know that our nation’s founding fathers intentionally stayed away from forming a democracy but instead a National Republic founded on a constitution and using it as the rule of law and the guiding principles of the nation? Yes, we do hold elections and these elections are supposed to be the democracy part of the equation and we have witnessed how easily they can be corrupted too. We also are now witnessing the stupidity of the woke principles and the senseless appeasement of the so-called majority in the US today. But are these extreme liberal leftists really the majority? Statistics show they are only about 3-4% of society. So how then do they keep winning certain elections? So, the game is to present by the crooked news media over and over as if they are the majority and this is what America wants and if America wants it – this is democracy and “we must preserve our democracy” regardless of the consequences of not following our US Constitution. Afterall they did win the election. Right? We have heard Nancy Pelosi and Chuck Schumer say these things over and over again. Do you see the warped and twisted thoughts they push and how the propaganda machine works? if you are a democrat did you bargain for the extent of what you now see going on in Washington DC? Did you ever think this could happen to your own party? How do you like Joe Biden now if it is even the real Biden or an actor as president.

It is unbelievable that these people take an oath of office to preserve foremost and beyond anything else the US Constitution and their oath says nothing about preserving a democracy and what the masses of people want, if in fact the masses even actually want it. But you see they must follow the US Constitution and it is written down on paper and there is no getting around it. But to base your government on a true democracy is not written anywhere on paper with any guide as to how a true democracy works in the USA and so they can manipulate it to their own benefit and it usually results in a dictatorship. We have seen this over and over again in many third world countries where the US going in and creates a sense of “democracy” then soon after a dictator takes over and we all wonder what happened. Didn’t we go in and fight for a democracy we ask in astonishment? The US then supports the corrupt dictator and so this is really why they sent forces to fight as it was to push the other bad dictator out while they replace him with their own. We witnessed this is Iraq. we covertly ran Al-Bakr out and put Saddam Hussein in power then look what happened? We are seeing the same with Nori Al-Maliki (a CIA agent) and now also with Al-Sudani (Maliki’s puppet).

So, these traitors in our government even say they want to replace the US Constitution with their own version that is more up to date to today’s society. What? Did I hear correctly? I couldn’t hardly believe they would even consider such a thing never mind openly push it. Folks, don’t fall for this trick of the left. They would gladly get rid of our US Constitution as it is the only barrier remaining to a full and uninhibited dictatorship and a one-party system as the Soviet Union once had under Communism and are trying desperately to regain. But disobeying their oath of office to follow the US Constitution has gone on long enough and it is about to catch up to them.

We Preserve our US Constitution above all means.

*************************************************************

Formal Articles are below. Please see my comments in bold italic fonts in brackets (  ) throughout the articles.  Also, I separated the articles with asterisks and highlighted in bold any important lines worth noting.

*************************************************************

Articles Begin

ECONOMIST: I DO NOT RECOMMEND BUYING OR SELLING THE DOLLAR FOR THIS REASON

On Saturday, the economist, Nabil Al-Marsoumi, spoke about a lesson he learned from the dollar. Therefore, “I do not advise people to buy or not buy the dollar.”

Al-Marsoumi said in a post entitled “A Lesson from the US Dollar” that “at the end of 2020, after the issuance of the white paper, an old friend, a major trader in Babil Governorate, called me and asked me about my expectations about the dollar, and it was then at a price of 1,300 dinars. I replied that all indications indicate the rise of the dollar.” .

He added, “Then he called me after a short period of time, admonishing me that he had lost 100 million dinars because he took my advice and converted a large amount of dinars into dollars, then he sold it when the dollar fell.”

And he continued, “Although the dollar rose after that to 1450 dinars, the lesson I learned is that I do not advise people to buy or not to buy the dollar, and therefore I apologize to the friends who contact me privately about my expectations for the price of the dollar.”

He explained, “Because the variables are many, and everyone has a way of acting and choosing the appropriate time to convert the currency. If my friend Al-Halawi had taken my advice and had a little patience, he would have won 100 million dinars instead of the loss he suffered.

*************************************************************

IN THE PRESENCE OF AL-SUDANI.. WHAT IS THE TRUTH ABOUT PUTTING THE DOLLAR FILE ON THE WASHINGTON TABLE?

The representative of the State of Law coalition, Thaer Al-Jubouri, suggested today, Sunday, that Prime Minister Muhammad Shia Al-Sudani put forward the file of the dollar price hike on the table of the United States of America.

Al-Jubouri told Al-Furat News: “It is expected that the file of the dollar’s exchange rate hike will be at the top of the files that the Prime Minister will discuss during his visit to the United States of America.”

He added, “Iraq is now fighting economically, especially since the rise in exchange rates was not in the hands of the government or the Central Bank of Iraq, but rather as a result of international conflicts that have a hand in the matter.” Al-Jubouri added, “The political understanding has a significant impact on the stability of exchange rates.”

A member of the Al-Fateh Alliance, Abu Mithaq Al-Masari, revealed that preparations are underway for Prime Minister Muhammad Shia’a Al-Sudani’s visit to the United States of America, at the head of a high-level delegation to visit Washington and discuss many files related to Iraqi affairs.

Al-Masari pointed out that the deadline for Al-Sudani’s visit to Washington has not been set yet, and there are channels of communication with US diplomacy to arrange for this upcoming visit.

(Will they decide to get off the de facto peg of the US Dollar for good. I am sure they will be talking about this issue. )

*************************************************************

EXPERT: THERE IS NO CONCERN ABOUT THE STABILITY OF THE DINAR, WITH THE LARGE RESERVES OF DOLLARS AND GOLD

 

 Economic expert Abdul Hassan Al-Shammari affirmed that there is no concern about the stability of the local currency, with the large reserves of the dollar and gold.

Al-Shammari said in a press statement, followed by the Independent, that what happened during the last period of the rise in the dollar against the local currency was caused by a lack of supply and an increase in demand for it.

Al-Shammari added that external factors stand behind this rise, including Iraq’s payment of dues to Iran in the national currency, which is around 3-5 trillion dinars.

He explained that these sums were pumped into the Iraqi market in one way or another to buy dollars in light of Iran’s need for foreign currency more than the Iraqi dinar to revitalize its tired economic situation.

*************************************************************

DEPUTY GOVERNOR OF THE CENTRAL BANK: THE ELECTRONIC PLATFORM IS THE ONLY WAY TO FINANCE FOREIGN TRADE

Today, Monday, the Central Bank of Iraq revealed the launch of the electronic platform for foreign trade, noting that hard currency reserves amounted to more than $99 billion.

(Mnt Goat- we have known about this platform for weeks already. I do not understand the point of this “new” news in Iraq UNLESS, like I told everyone, the initial platform rollout was experimental and now they are officially doing it and so now to officially announce it to the people. Was the experiment successful? Read the article.)

The deputy governor of the bank, Ammar Hamad, said, in a statement to the official agency, followed by “Khabar Press” (Wakh), that “today the Central Bank witnessed the launch of the work of the electronic platform for foreign trade,” noting that “work on this platform continued for more than a year and a half, with the aim of Organizing the process of external financial transfer and financing foreign trade.

He added, “This platform is the only way and way to finance foreign trade,” noting that “private and government banks have sufficient information about the mechanism for using the platform.”

He continued, “The documentary credits will be financed at a subsidized exchange rate of 1465 dinars to one dollar,” explaining that “the platform is an opportunity for merchants, investors, and company owners to finance their trade and financial work.”

Regarding the bank’s reserves, Hamad said, “The central bank’s reserves amounted to more than 99 billion dollars,” pointing out that “within a short period, it will reach 100 billion dollars, due to the rise in oil prices.”

He stressed that “the rise in reserves is a positive indicator for the Iraqi government and the central bank for the stability of the exchange rate and the local currency.”

*************************************************************

RIGHTS: AMERICA IMPOSES GUARDIANSHIP OVER THE IRAQI PEOPLE

(Mnt Goat- This is just an accusation and not a legal binding move by the US against Iraq)

Information / Baghdad… The head of the Parliamentary Rights Bloc, Saud Al-Saadi, accused, on Tuesday, the United States of America of imposing guardianship on Iraqi sovereignty, the Iraqi economy and money.

Al-Saadi pointed out that “America recently put in place procedures and restrictions that caused a decrease in the percentage of Iraqi funds transferred to Iraq, which caused a shortage in supply and an increase in demand, and thus led to a rise in the exchange rate of the dollar against the Iraqi dinar.”

(Mnt Goat – this move in the manipulation of the dollar by the US was intentional to force certain conditions to be met by Iraq. Al-Sudani is coming to Washington DC to talk about these conditions.)

Al-Saadi said in a statement to Al-Maalouma, “What is happening is the imposition of American tutelage on Iraqi sovereignty and on the Iraqi economy and money,” noting that “Iraq came out of Chapter VII, and no one can impose any tutelage on it, and therefore we demanded the restoration and transfer of Iraqi funds in full to Treasury of the Iraqi state.

He added, “Our position is firm, which is not to transfer money from Iraqi oil sold to the US Federal Bank, which controls, together with the US Treasury Department, the procedures for transferring dollars into Iraq.”

*************************************************************

THE IRAQI PRIME MINISTER IS CAUGHT BETWEEN ALLIED PRESSURE AND US APPEASEMENT

Iraqi Prime Minister Muhammad Shia al-Sudani is facing pressure from some forces within the coordination framework to reconsider the strategic framework agreement with the United States, at a time when the latter is trying to maintain good relations with the American administration and avoid any tremors with it.

Iraq and the United States signed a strategic framework agreement in 2008, which included a number of axes, including regulating the presence of US forces in the country, in addition to provisions related to strengthening cooperation in various economic, cultural and political fields.

And after the killing of the commander of the Quds Force, the external wing of the Iranian Revolutionary Guard, Qassem Soleimani, and the deputy head of the Popular Mobilization Forces, Abu Mahdi Al-Muhandis, in an American strike in Baghdad in early 2020, the Iraqi parliament, under pressure from Shiite forces and factions loyal to Iran, issued a resolution obligating the Baghdad government to withdraw the American forces deployed in the country. Within the framework of an international coalition to combat the Islamic State.

Pro-Iranian Shiite forces are trying to take advantage of the existence of a pro-government government to put pressure on the removal of all US forces from Iraq.

Indeed, the Al-Kazemi government reached a consensus about a year ago regarding the withdrawal of US forces from the country, and the transfer of the remaining ones to tasks with an advisory and training dimension, in a move that sparked widespread controversy in the Iraqi arena, and rejection by the Shiite forces.

Today, some Shiite forces are trying to take advantage of the presence of a loyal government to pressure the expulsion of all American forces, in a move that observers say would affect the relationship between the two countries, which is what the current Iraqi prime minister is trying to avoid.

The leader in the coordination framework, Turki Al-Atbi, called for the need to reconsider the strategic framework agreement with Washington. Al-Atbi said in a press statement, “In light of the challenges and painful events that Iraq has gone through during the past years, it has become necessary to reconsider the strategic framework agreement with Washington, which did not achieve any of its general goals, and Iraq is directly affected by it.”

Al-Atbi added, “We have five important observations regarding the provisions of the strategic agreement, the most prominent of which is Washington’s exploitation of some of its provisions in flying military aircraft without any inspection, which means a major security problem that must be paid attention to, in addition to issues related to the economy, money, and repeated violations of aircraft and drones and their bombing of targets in depth.”

The leader in the framework that represents the political umbrella of the Sudanese government indicated that “Iraq’s current situation requires a revision of all agreements with the United States and others and making them according to a path that serves national security and directly preserves its sovereignty.”

The demands of leaders in the coordination framework to reconsider the American presence come with the return of attacks attributed to ISIS. Since the beginning of this December, seven attacks have been recorded on Iraqi security forces in the regions of Kirkuk, Diyala and Tarmiya, killing nineteen people and wounding fifteen others.

Observers of Iraqi affairs rule out the success of the current pressures in pushing the Iraqi prime minister to go towards reconsidering the strategic framework agreement, or working to end the US military presence, especially since he realizes the extent of Iraq’s need for US support, both on the security and even political level.

Al-Sudani stresses the importance of continuing joint work, especially in the field of advising and training the Iraqi forces, which are fighting the confrontation against terrorism effectively and professionally.

Observers point out that Al-Sudani will try to convince the forces objecting to the American presence of the need to postpone the opening of this file, at least in the foreseeable future, and to focus on priority issues at the internal level.

The Iraqi Prime Minister, who also holds the position of Commander-in-Chief of the Armed Forces, stressed the importance of cooperation and coordination with the United States earlier this month, during his meeting with the Commander of the US Central Command, General Michael Korella.

During the meeting, Al-Sudani stressed “the importance of continuing joint work, especially in the field of providing advice and training to the Iraqi forces, which are fighting the confrontation against terrorism effectively and professionally,” stressing that “the Iraqi forces are determined to continue working in order to stabilize stability and preserve the successes achieved in the war on terrorism.”

The number of American forces in Iraq is estimated at about two thousand soldiers, deployed in three main locations, which are the “Ain al-Assad” base, located 130 km from the city of Ramadi, the center of Anbar Governorate, in western Iraq, and the “Victoria” camp, adjacent to Baghdad International Airport, which There is a mission and intelligence analysis unit in it, along with the “Harir” base, located north of Erbil, in the Kurdistan region of northern Iraq.

*************************************************************

ECONOMIST: THE GOVERNMENT’S SOLUTION TO THE DOLLAR CRISIS IS “PROSTHETIC AND TEMPORARY”

  

Today, Thursday, the expert in financial and economic affairs, Nabil Jabbar Al-Tamimi, described the solutions that the Iraqi government is working on to reduce the price of the dollar as “patchy and temporary.”

Al-Tamimi told (Baghdad Today) that “the government’s measures to strengthen dollar cash in the markets is a temporary patchwork measure that contributes to a temporary reduction of exchange rates, but it will not represent a financial and economic solution.”

And he added: “The Fed may object to the amount of money fed by the Central Bank of Iraq and the government as local cash, and the crisis may return again, and for this it is very necessary for the government and the Central Bank to contribute to resolving the issue of remittances, which are committed to international standards, and it is a priority to fully resolve the crisis, rather than any patchwork and temporary measure.”

Two days ago, the exchange rate of the dollar rose gradually until it reached the threshold of 160 thousand dinars per hundred dollars, while it gradually decreased since yesterday, and reached about 153 thousand, while the asking price is still changing within the limits of 500 dinars since this morning.

*************************************************************

THE US FEDERAL RESERVE IMPOSES AMENDMENTS TO THE MECHANISM OF WORK OF THE CENTRAL BANK OF IRAQ TO RESTORE CONFIDENCE

  

The process of selling foreign currency “dollars” took about 18 years, or what is called by the Central Bank of Iraq “currency auction” under which the dissolved coalition authority that was running Iraq, as a representative of the international coalition after 2003, allowed the initiative to sell the US dollar – hard currency which Iraq gets from selling oil – i.e. the country’s wealth, freely and without real restrictions or controls, which opened the largest window for financial corruption, waste and smuggling of currency, and since the Iraqi dinar is linked to the US dollar, the US Federal Reserve has the right to follow up on suspicious activities that destroy the currency.

The financial crisis that Iraq is going through, outweighs the capabilities of the Central Bank and the tools available to it to address and surround it, and talk about restoring confidence between the US Federal Reserve and the Iraqi Central Bank, means that the required measures must be firm and radical to impose effective control over banks and currency transfer mechanisms abroad, and dismantle systems Corruption and holding those behind it accountable, which are powerful forces that the government cannot eradicate.


Where the Federal Bank revealed, through its procedures, where the money goes:

• After taking a dollar from the Iraqi market, it turns to other countries, and from these countries it turns into currencies, then it goes to the Sultanate of Oman, then it disappears. After investigations, it turned out that it goes to Iran.


• Smuggling through the outlets of the Kurdistan Region, in cars to Turkey.
• Some banks and their owners affiliated with some of the parties that control the depletion and smuggling of currency, where they were completely controlled, and the evidence that became clear of the success of these measures is the collapse of the Iranian Toman and the Turkish lira.

The actions taken by the US Federal Reserve Bank are amendments to the transfers that pass through the Swift system, which includes an audit of the source of funds until the final future, which came after the consequences of theft of the century, which revealed schemes to smuggle money. The US Federal Bank and the Treasury Department were monitoring the situation, as it sent Warnings and alerts to the Central Bank of Iraq, but taking the last firm measures may have political dimensions to put pressure on the Iraqi government, on the one hand, and on the other hand, there are influential parties linked to banks and currency smuggling networks and circumventing local and international controls in the monetary field, to resist any serious measures against Corruption, its channels and networks.


There is no doubt that the negative effects of this auction began to appear in the abnormal circumstances that the country is going through, such as the disruption of many laws that would control the political, security, social and economic joints of countries in a clear and explicit manner.

 When the environment is not suitable, the results are completely counterproductive. The Iraqi economy suffers from successive crises, and exaggerations in the process of purchasing the dollar and transgressions by smuggling it out of Iraq or transferring it to suspicious parties, and the daily sale rate sometimes reached about 250 million dollars, all these large numbers and financial chaos, and the monopoly of some banks and the private buying and selling process In dollars, the Iraqi government and then the Central Bank have made it subject to great pressure from the US Federal Bank and international organizations, to change the mechanism for selling dollars, especially import and export amounts, and make them compatible with financial and banking developments in the world.


Some controls and conditions have been put in place to avoid serious mistakes that occur in this important sector, and conditions that should be presented by people to authorized banks to buy dollars.


The new audit method violated the previous procedures that Iraq had been working on for years, so the audit was taking place in the Central Bank of Iraq and before it in the banks, then the data is sent to the Federal Bank and then the amount is transferred to the correspondent bank, while the audit is currently taking place in three stages and without relationship Between them, as it takes place in the Iraqi banks, then the Central Bank, then it takes place in the Federal Bank, and then in the Correspondent Bank, where the amount goes to the last beneficiary.


The US Federal Bank has put in place a series of strict procedures in recent times, obligating us to display lists of dollars sold on it, including the names of persons and beneficiaries, and a wait of 15 days for a statement of the Federal Bank’s position on the safety of the purchase process for the party submitting the request, indicating that the sale process will stop if the bank objects. The Federal Reserve on a specific name because it is wanted, or there is similarity of names, or there is suspicion of the purpose of buying the dollar.


The Federal Bank is currently in the process of adding three supervisory authorities to dollar sales to check its destination after the sale, to prevent it from reaching terrorist or prohibited parties, and because of these conditions and limitations, the central bank cannot provide the dollar to all those who ask for it, for the sake of the country’s economy and to preserve the currency from loss and smuggling. He must adhere to applying these standards to prevent a decision to stop the flow of dollars to Iraq because it will cause a disaster, and the sale of dollars in Iraq is subject to strict supervision by the US Federal Bank because it is the issuer of dollars. These measures came due to the loss of confidence and control in the Central Bank of Iraq, which caused the boom The parallel exchange market to create a black market that benefits individuals who control prices, while not interfering with preventing such practices, and this is an important point.

At this difficult stage, Iraq faces a great challenge on all economic, political and social levels. The internal mafias that do not accept an organized Iraqi economy because they feed on chaos prevent in various ways submission to the law and adherence to controls, which puts great pressure on the government and puts it in front of a challenge. Kabir in redrawing the Iraqi economy to control the dollar.


The Iraqi Prime Minister, Muhammad Shia al-Sudani, indicated his support for these measures to preserve the interests of the Iraqi people, and that the measures that the Central Bank of Iraq followed, under pressure from the Federal Bank, should have taken place gradually, because it confuses the markets, especially with the presence of unofficial outlets for obtaining dollars that contributed to the existence of This chaos in the Iraqi economy, and the government is proceeding in the direction of supporting domestic production and controlling consumption through the rehabilitation of the financial system under the supervision of the US Treasury.

These are some of the quick measures taken by the Sudanese government during the past three days, in a studied manner and with great effectiveness, to remedy the situation with the Economic Committee and the responsible authorities.

Meeting with the Governor of the Central Bank to achieve general stability of prices and the exchange rate.

Activating the right steps to sell foreign currencies to the citizen and to serve the Iraqi economy.

The central bank pumped quantities of dollars into the market.

Monitoring the work of banks.

Non-payment of customs duties and taxes in advance.

All these measures taken by Al-Sudani aim to balance between the amendments imposed by the federal government and the requirements of the Iraqi market, and to control the outlets of corruption and smuggling. They are positive steps that will open the horizon for the stability of the exchange rate that the coming days will witness.

In conclusion, the government must pay attention to them in order to avoid them in the next stage, and the government must prioritize by taking serious steps to replace chaos with order, and control the policy of dumping the market, with the contribution of all sectors, all ministries, merchants, and officials, and educating the citizen about the steps that are the responsibility of everyone to restore stability at the present time, And then proceeding towards development and development, and the most important thing is to discover alternative mechanisms for financing trade in order to facilitate it, and to develop the tools necessary to manage cash liquidity for the stability of the country.

*************************************************************

“THE SUDANESE ARE STRUGGLING NOT TO WAKE UP THE DRAGON.” ‘RECLUSIVE’ SADR MAY RETURN THROUGH GOVERNMENT COLLAPSE

The leader of the Sadrist movement, Muqtada al-Sadr, currently appears isolated and in its weakest phase since 2005, and Iran, which controls dozens of heavily armed factions inside Iraq, may now have an opportunity to expand its influence over the Iraqi government, a worst-case scenario for the United States and its allies.

This came in a Reuters report translated by Shafaq News, where he explained that Sadr, who dominated Iraqi politics for two decades, is currently isolated, after the step of retreat from the policy he undertook, encouraged his opponents backed by Iran and raised the possibility of new sectarian confrontations, but the Sadrist leader is monitoring the political situation and is ready to return in the event of new elections, and he does not expect the government of Mohammed Shia al-Sudani to continue for a long time in power.

Sadr, who won the 2021 elections, chose to withdraw last August after failing for a year to form a government without his opponents close to Iran, a decision that may lead to the removal of some of his followers who contributed to pushing him to the heart of politics in Iraq, in the post-chaos phase left by the invasion that toppled dictator Saddam Hussein.

The report quoted Sadrist activist Ali al-Aqabi as saying that “some loyalists who support Mr. Muqtada have begun to complain that his withdrawal from politics and parliament will further open the way for corrupt parties to take control of the government.” “This has happened now, unfortunately.”

The report quoted four security officials as saying that Prime Minister Mohamed al-Sudani had reshuffled several key security posts and appointed officials close to Iran-backed parties, including the sensitive head of military intelligence previously held by a figure the report described as “more pro-Western”.

But five Shi’ite lawmakers and Sadrist officials said al-Sudani had discreetly rejected calls by Sadr’s opponents to dismiss Sadr-affiliated officials, fearing such a move could lead to violence.

This information by four Shiite MPs is based on the content of meetings held between al-Sudani and Shiite politicians on Oct. 20 and Dec. 11, the report said.

After the report pointed to a limited civil strife that occurred after Sadr’s supporters took to the streets when he announced he was stepping down from politics, a Shiite government official who attends weekly cabinet meetings was quoted as saying that “the Sudanese are struggling not to wake up the dragon.”

The report also pointed to the “mercuriality” of the chest, whose withdrawal could be temporary. A person close to the Sadrist leader was quoted as saying that “as soon as there is an indication of new elections, Sadr will participate.”

Reuters said it was unable to reach Sadr for comment, adding that he has closed several of his offices since he withdrew from politics.

The report also quoted a representative of the Sadrist leader in the city of Karbala as saying that “Sadr is closely following political developments and the performance of the Sudanese government, which he (Sadr) believes will not last long.”

A poll by Britain’s Chatham House Institute showed that Sadr’s followers were more willing to vote than other groups, Reuters explained that Sadr, in addition to losing some support on the street now, may also have weakened his grip due to his reluctance to show some pragmatism in forming a government with Tehran-backed parties that some see as allies in the fight against the Islamic State.

The report quoted Baghdad-based analyst Jassim al-Bahadli as saying that “Sadr’s failure to form such a government and the fall of his coalition in the face of the objections of Iran and its allies in Iraq affected the political situation of Muqtada and forced him and his movement to sit in the back seats.”

The report also quoted pro-Sadr clerics, former lawmakers and analysts as saying that Sadr now has no clearly defined political role for the first time since 2005, making him in his most vulnerable state since entering Iraqi politics.

While the report recalled Ayatollah al-Haeri’s stance last August when he criticized Sadr, accusing him of dividing Shiites, Ghazi Faisal, head of the Center for Strategic Studies in Iraq, was quoted as saying that al-Haeri’s stance gave impetus to Iranian efforts to strengthen its allies in Iraqi politics.

When asked for comment by Reuters, one of his representatives said he would not comment on a political issue.

*************************************************************

AMERICA ASKS IRAQ TO PUNISH PRIVATE BANKS THAT DEAL WITH IRAN


Representative Muthanna Amin said, on Thursday, that the United States has called on the Central Bank to punish all banks that deal with Iran.

Amin said, in statements to Kurdish media, that “the United States, after confirming the entry of a large amount of dollars into Iran from Iraq, demanded the Central Bank of Iraq to punish all Iraqi banks that deal secretly with Iran.”

He continued, “In addition to the issue of smuggling dollars to Iran, America has warned Baghdad of an agreement worth four billion dollars between Iran and Iraq.”

The deputy pointed out that, “In addition to Iran, large sums of dollars were sent from Iraq to Syria and Lebanon, and in 2022 Iraq sent oil worth half a million dollars to Lebanon for free.”

*************************************************************

Articles End

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.

Hi Everyone,

I bring you much news today.   

GIVE A GIFT TO MNT GOAT

I decided to allow everyone to give a Free-will GIFT to Mnt Goat on PayPal if you so desire. Here is the link below.

https://paypal.me/MntGoatNewsletter?locale.x=en_US

Going on 10 years now, I have taken my own time from my gasthaus business to research and document findings about the revaluation and reinstatement of the Iraqi dinar. At this time more than ever I do not need to spend my time babysitting and holding your hand in this investment. I do it out of charity and love with understanding that all of us do NOT have the time to go do our own research. We are busy with our jobs, our daily lives and raising our children. So, I try to help out. But remember I too am very busy in my daily life of running a gasthaus (bed and breakfast) and trying to make ends meet. I am no different yet I take the time out each day to complete the task of my newsletter for you. I do not need to do it, as I know the information before you get it.

So, please be generous but only if you can afford it and remember to give. I suggest $5-$10 a month but you decide. Even $1.00 would be helpful. Whatever you can afford will be helpful in this time of Covid where nearly 80% of our business is now gone due to travel restrictions.

Proverbs 11:24 

 “One gives freely, yet grows all the richer; another withholds what he should give, and only suffers want.” It is righteous to practice generosity with our family, friends, and community. 

More news….

THE CENTRAL BANK ANNOUNCES INSTRUCTIONS TO REDUCE THE PRICE OF THE DOLLAR

{Economic: Al Furat News} The Central Bank of Iraq announced, today, Wednesday, that it has taken several measures since last week to stabilize the exchange rate of the dollar.

The Central Bank’s advisor, Ihsan Al-Yasiri, said in a press statement, “The bank will issue instructions to a number of banks chosen by it, to work on official holidays, which are tomorrow, Thursday, Friday, Saturday and Sunday, in order to continue selling the dollar to the public, which will work to meet the requirements and demands of the bank.” Those who need foreign exchange for the purposes of travel, treatment and study,” stressing that “the coming days will witness the presentation of the cash dollar currency in full.”


Regarding the spread of information stating that banks refrain from disbursing citizens’ balances in dinars and repeating Lebanon’s experience, Al-Yasiri explained, “This information is completely incorrect, and the Iraqi dinar is abundantly available in banks and in the central bank’s coffers,” noting that “these are rumors spread by conflicting parties.”

More news….

STATUS OF THE RV

As we end 2022 the news is heating up over what to do with the Iraqi dinar and save Iraq. We have been reading articles for over a year now on how to fix it and increase the purchasing power of the dinar. But the CBI had other plans in the White Paper and they needed to reach historic levels of reserves in order to make their next move. Yes, there is some pain the process but better to suffer a little now and then later celebrate when the prosperity and abundance comes.

A Bit of History Leading up to Today

We know that after the 1991 coalition invasion into Iraq preceded by a 10 year embargo (oil for food program) the country was in shambles. Something had to be done or they were heading for hyper-inflation.

So, in 2004, a year after the second invasion into Iraq of 2003, the IMF along with the Central Bank of Iraq collected the older Saddam Hussein notes and exchanged them for the newer and larger three zero notes. Was this done really to combat inflation? If you know anything about economics, the answer is NO!

Instead, it was done for nothing more than to control the currency so the CBI could arbitrarily manipulate the rate to suite its own purposes. But for the purpose of whom and for what reason?  Remember that to coincide with the issuing of the larger three zero notes the IMF also stripped the dinar off of FOREX at this time. This is critical to remember. This did not happen for the 1991 gulf war and only came later in 2004. So, this was an intentional manipulation of the wealth of the Iraq from the oil sales.

Since this time, we have seen a buildup corruption scams. In 2005 the law allowed the Central Bank to sell $ 75 million per day under the currency auctions, which is what the Iraqi economy needs to pay for imports to support itself. However, the bank is now able, according to the amendments to the law, to sell between 150 and 200 million dollars per day. Why? Where then is all this money going if not for the original intended imports?

These amendments to the law were made over a decade as more and more Iranian puppets entered the politics of Iraq. These amendments provided a permanent attrition mechanism that eventually allowed hundreds of billions of dollars to leak out.  The money smuggling operations include fake commercial contracts to import from abroad, allowing some companies to obtain dollars, to buy equipment and goods from Iran at prices higher than their real price. This is in addition to the fact that Iraq’s markets are open, without any restrictions, to Iranian goods. Instead of the Iranians who visit Iraq on some religious occasions carrying foreign currencies, they carry Iraqi dinars sold to them by Iranian banks. There are full articles in today’s news that explain the corruption schemes further.

Remember also the rate of dinar did not actually change because if you strip the three zeros off the larger notes, thus moved the decimal point over three places, the rate remained exactly what it was prior to this move to the three zero notes. It was the de facto peg to the US Dollar that, as time went on, shrunk the purchasing power of the Iraqi dinar. So, this tells us there was other reasons why they needed to arbitrarily control the rate and they could not do this if the IQD was still on FOREX and globally traded but could manipulate it as long as they stayed on the program rate and currency auctions.

But now after 20 years, we have seen the full cycle of corruption and why they intentionally manipulated the dinar and set up this entire corruption system way back in 2004. After reading the articles in today’s news we can clearly see the only way out of the corruption, like it or not, is to reinstate the dinar back on FOREX. I am not saying this will miraculously fix all of Iraq’s problems overnight but it will help in solving the current inflation and the leaking out of the reserves through the currency auctions issue and then the rest will fall into place over time if they stick to the plan in the White Paper.

In my last Newsletter of the blog I talked about a trial run or a “live” experiment the CBI was conducting on de-pegging from the dollar. So, in the news today an article is explaining to the Iraqi citizens how a “float” works. It is not from the CBI but remains a good source of information to the public nonetheless. It is written by an economic analyst Mohamed Abdel-Khalek. But again I ask, why now publish such an article?

Significance of the month of January

We heard news that the Iraqi stock exchange (ISX) is going global on January 29, 2023. Coincidence? Why get off the sole peg to the US Dollar now?  When one currency is solely pegged to any one other currency, changes in the value of it will have a direct impact on the value of the other currency. So being pegged to the US Dollar, the dinar is subject to the policies of the US Federal Reserve and its monetary policy, while in contrast, floating the exchange rate on FOREX allows multiple countries to decide on their own monetary policy. We read about this today in an article as the news media in Iraq lays out the US plot to manipulate Iraqi/ US policies relations through the manipulation of the US dollar thus the effect it has on the dinar and its people using it in Iraq. It is called “coercion”. But this time it may benefit Iraq to stay on the path of the White Paper and not go back the days of the 8 year administration of Nori al-Maliki, which is what Al-Sudani’s administration is so far. Yes, nothing but another term for Maliki. Iraq can not afford another period of darkness like that one.

Do you remember what I have been telling you all along that the USA was controlling Iraq and that they could have accepted any candidates that they put in place for the election as long as they continued the path that Al-Kazemi started for reform such as in his “White Paper. Yes, if you noticed I have stood by Al-Kazemi and Al-Sadr all along and did not support the Coordination Framework and their warped thinking for the future of Iraq. There are so many parallels in Iraq to what is now happening in the USA too. Like with president Trump, Al-Kazemi and Al-Sadr began the process of the revolution against corruption in Iraq like in the USA. This was so obvious when the smear campaign in the Iraqi news began over Al-Kazemi once the deep state gained power just like they did in the USA over Trump. But I knew better and that Al-Kazemi was one of the good guys. We all must stick to our convictions and not let the propaganda influence our minds. Surely they say, Trump must be stopped at all costs from having a second term as he would ruin their sinister plans for the US and their massive corruption schemes.    

There is an upcoming visit of the new Prime Minister Muhammad Shia Al-Sudani to Washington. This request to come to Washington was rejected multiple times before finally being accepted. Why is he coming to Washington DC?

The aim of the visit is to listen to the American conditions, the first of which is for the Sudanese government to implement what the Al-Kazemi government started and has followed, including:

1.continuing the banking and currency reforms;

2.laying off government employees to reduce government overhead (moving them to the private sector);

3.open up the ability to sell the property of the Iraqi state to companies coming into Iraq to start up manufacturing businesses.

There are American conditions that the Sudanese government is intended to abide by:

1.the first of which is that Iraq does not join the Chinese agreement;

2.then to stay under the American space;

3.that Iraq pumps part of its oil to the countries surrounding Israel, such as the countries of Jordan and Egypt, as they are among the pillars of normalization.

There are more details of the US demands upon Iraq found in an article in today’s article section.

Also talk in Iraq of the dismissal of the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif due to the recent rise in the exchange rate of the dollar and his involvement in the leaking of money to Iran and other entities. The full article will come out in my next newsletter.

Meanwhile the financial advisor Salih reminded us that the financial reserves of foreign currency are currently “the strongest in Iraq’s financial history, and its balance may have exceeded 100 billion dollars,” considering that “there is no fear or concern about Iraq’s financial capabilities in imposing stability in the exchange rates of the dinar.” So, now we know the reserves have reached 100 billion US Dollars. What is the impact of these reserves being so high?

Remember back a couple months ago when the reserves reached 90 billion dollars the CBI told us that the reserves at that level could back every dinar in circulation by one and a half times over. WOW! Then if we look at the level of the accumulated gold reserves, we can clearly see they are heading to backing every dinar by gold. Yes, going back to the gold standard. They are using the US dollars in the reserves to strategically purchase more gold on an ongoing basis. We have read multiple articles in the past as they spend more and more to build up the gold reserves of Iraq. So, not only can the CBI secure the payment debts of Iraq with their cash reserves, they are also paralleling another move to fully back the dinar with gold.

Imagine if they are able to accomplish this goal and no longer have to be pegged to any other currency. Then with a peg to a basket of five other currencies of the major developed nations, they could secure financial stability of many of the other currencies in their IMF basket. Yes. remember the ones pegged to the dinar would also benefit from the stability of the Iraqi dinar in backing their own currency and vice versa. Is this not what we have been told all along that the IMF and the CBI wanted to do? The IMF is attempting to create global financial security leveraging the Iraqi wealth. So, how close now is Iraq to accomplishing this goal? Are they now there? We have many indications they are already at this point and just need the political will to do the final pieces to the currency reform project.

There is an excellent article in today’s article section on the nature of the currency float including the advantages and disadvantages of it. Please, please take the time to read it.

So, after reading about the FLOAT can you now see how floating the IQD on FOREX can solve much of the issues with the monetary policy of the dinar in Iraq. Can you now see how staying in the sole de facto peg to the US Dollar is hurting Iraq and not helping it?

This once again proves the move to FOREX should have happened a decade ago when Dr Shabibi, then the CBI director, lined up the dinar to go to FOREX in January 2013. He knew the repercussions of leaving the dinar venerable to corruption and the schemes that were being developed under the Nori Al-Maliki and is corrupt bunch of Iranian thieves. The whole point of bringing articles like this to the blog is to educate my readers and not just focus on a date and rate for the revaluation of the dinar. Get it? Many keep asking what is holding up the revaluation but instead they should be hungry for more and more FACTS of just what is happening in Iraq. By getting this information, you can answer your own questions.

Yes, you can feed hungry people by giving them fish, but why not teach them to fish and they no longer stay dependent on you. So, if you educate yourself, you too can then begin to see the progress and the direction that Iraq is taking. It will give you a nice sense of HOPE in the knowing this event of the reinstatement is going to happen much sooner than later. Yes, they do have setbacks and perhaps they are now experiencing one, but I believe this setback is short-lived.

We must continue to pray and God is working but, as I can see, in very strange ways. Like many of you I try to pigeon hole God in to my solution and the way I see playing out. However, it almost always never works out the way I thought it would. I am presenting a really good prophetic word from prophet Amanda Grace today showing us some of what to expect in 2023.

Prophet Amanda Grace

I want now to wish everyone a very nice New Years weekend and the best for the new year 2023. I believe as we progress though this new year we will slowly see good changes evolve in the US as in the rest of the world will move out of this darkness we tend to be in now. This is why we must continue our prayers and the rosary is a good start. Remember that even if president Trump should get a second term, he is not our savior as this is left for Jesus Christ.

Another very good thing that everyone of my readers can do to help the situation is to educate other people on what you learn on my blog. If you can reach out just to at least one other person and tell them about my blog this would be amazing. Give them the link to it. This way we are all part of the solution rather than the problem. When I was s rudely censored and locked out of my FaceBook site I had nearly 250,000 followers. I was getting way too dangerous to the deep state and so they had to shut me down. Now my new blog is slowly bouncing back but I know many still search for my new site. You can help them find it.

I also now want to thank everyone for your generous gifts this past year. If you only truly knew the difference it makes in our lives. I have a VERY SPECIAL thanks to a handful of readers who faithfully gift a more significant monthly amount as these gifts help keep the vision alive and the lights on.

Prophet Kim Clement spoke of GOLD over and over again.
Kim Clement- there will be many “embarrassing Moments’ for the corrupt.
They will not be able to explain away their own corruption.

*************************************************************

Formal Articles are below. Please see my comments in bold italic fonts in brackets (  ) throughout the articles.  Also, I separated the articles with asterisks and highlighted in bold any important lines worth noting.

*************************************************************

Articles Begin

ANALYST: AL-SUDANI WILL VISIT WASHINGTON TO IMPLEMENT AL-KAZEMI’S STEPS… AND AMERICA IS PREPARING FOR A “WAR”

Writer and journalist Abu Firas Al-Hamdani revealed today, Wednesday, the upcoming visit of Prime Minister Muhammad Shia Al-Sudani, at the head of a high-ranking delegation to Washington.

Al-Hamdani said in a televised statement, which I followed (Baghdad Today), that “there is great pressure exerted on Iraq, and as a result there will be an expected visit by Prime Minister Muhammad Al-Shi’a Al-Sudani, Minister of Finance Taif Sami, Minister of Planning Muhammad Tamim, and the governor of the Central Bank to Washington, especially after the American ambassador informed Al-Sudani not to the possibility of pumping Iraqi funds as they are frozen.

Al-Hamdani added, “The aim of the visit is to listen to the American conditions, the first of which is for the Sudanese government to implement what the Al-Kazemi government has followed, including reducing the currency, laying off employees, and selling the property of the Iraqi state.”

Al-Hamdani revealed, “There are American conditions that the Sudanese government is intended to abide by, the first of which is that Iraq does not join the Chinese agreement and stay under the American space, and that Iraq pumps part of its oil to the countries surrounding Israel, such as the countries of Jordan and Egypt, as they are among the pillars of normalization.”

Al-Hamdani continued, “There is a Chinese-American war, and Iraq is at the heart of this war, especially after Washington lost its influence in Saudi Arabia, the Emirates and Egypt, and this is what we witnessed at the recent Baghdad summit,” stressing that “America is exerting all its pressures to win this war.”

*************************************************************

THE EXCHANGE RATE OF THE DOLLAR IS RISING IN IRAQ, AND THE AUTHORITIES ARE TRYING TO LIMIT THE DECLINE OF THE DINAR

The Iraqi dinar continues to decline slightly against the dollar on Tuesday, while the authorities of this oil-rich country confirm that the decline is “temporary” at a time when the country’s reserves of foreign currency have reached an unprecedented level.

The exchange rate on Tuesday reached 1,580 dinars against one dollar, as reported by the official Iraqi News Agency, while the exchange rate set by the Central Bank is 1,460 dinars against one dollar. This decline in the value of the Iraqi currency against the US dollar began about two weeks ago, and discussing its causes has become a major concern of the Iraqi media.

On Tuesday, Iraqi Prime Minister Muhammad Shia al-Sudani met with the governor of the Central Bank, Mustafa Ghaleb Makhaif, to discuss the issue. Representatives collected signatures for a request to hold an extraordinary parliamentary session on the issue.

The Association of Iraqi Banks indicated in a statement that the high exchange rate resulted from “modifying the mechanism of the foreign currency sale window in the Central Bank of Iraq, according to the requirements of international transactions.

Meanwhile, the Central Bank indicated, on Tuesday, that this rise in the dollar exchange rate resulted from “temporary pressures resulting from internal and external factors, given the adoption of mechanisms to protect the banking sector, customers, and the financial system.”

Iraq, an oil-rich country but plagued by corruption and money laundering, ranks 157 (out of 180) in Transparency International’s Corruption Perceptions Index.

Sunday, Adviser to the Prime Minister for Financial Affairs, Mazhar Salih, spoke of the existence of “objections” from an international supervisory authority, “regarding some transfers with incomplete information submitted by private banks.”

At the same time, Salih reminded that the financial reserves of foreign currency are currently “the strongest in Iraq’s financial history, and its balance may have exceeded 100 billion dollars,” considering that “there is no fear or concern about Iraq’s financial capabilities in imposing stability in the exchange rates of the dinar.”

In an attempt to control this rise, the authorities launched a series of measures that have not yielded results so far, including facilitating the financing of private sector trade in dollars through Iraqi banks, and opening outlets for selling foreign currency in government banks to the public for travel purposes.

Analyst, financial and economic expert, Safwan Qusay, talked about “shaking confidence in the Iraqi dinar” following corruption scandals linked to banks.

He added, in an interview with Agence France-Presse, that there are also reasons related to “the US treasury, which restricted the movement of financial transfers towards some countries.” He said that when a trader is unable to obtain dollars through official methods, “he is forced to buy dollars from the parallel market.”

He added, “The additional audit process showed that parties were transferring money, but they do not check who is the supplier, what is the value of the invoice, and what is the value of the materials that enter Iraq.”

*************************************************************

International agencies: The Iraqi dinar is a victim of mysterious transfers, money laundering and bank corruption

link

The Iraqi dinar continues to decline slightly against the dollar on Tuesday, while the authorities of this oil-rich country confirm that the decline is “temporary” at a time when the country’s reserves of foreign currency have reached an unprecedented level.

The exchange rate on Tuesday was 1,580 dinars against one dollar, while the exchange rate set by the Central Bank was 1,460 dinars against one dollar.

This decline in the value of the Iraqi currency against the US dollar began about two weeks ago, and discussing its causes has become a major concern of the Iraqi media.

On Tuesday, Iraqi Prime Minister Muhammad Shia al-Sudani met with the governor of the Central Bank, Mustafa Ghaleb Makhaif, to discuss the issue. Representatives collected signatures for a request to hold an extraordinary parliamentary session on the issue.

The Association of Iraqi Banks indicated in a statement that the high exchange rate resulted from “modifying the mechanism of the foreign currency sale window in the Central Bank of Iraq, according to the requirements of international transactions.”

The Iraqi researcher residing in London, Adnan Abu Zaid, said that the dollar is a ruler in the hands of the United States to calculate distances of loyalty to countries, and that the Iraqi dinar will be surrounded like the Syrian and Lebanese currencies because Iraq is punished within calculated limits.

Meanwhile, the Central Bank indicated, on Tuesday, that this rise in the dollar exchange rate resulted from “temporary pressures resulting from internal and external factors, given the adoption of mechanisms to protect the banking sector, customers, and the financial system.”

Iraq, a country rich in oil but plagued by corruption and money laundering, ranks 157 (out of 180) in Transparency International’s Corruption Perceptions Index.

Sunday, Adviser to the Prime Minister for Financial Affairs, Mazhar Salih, spoke of the existence of “objections” from an international supervisory authority, “regarding some transfers with incomplete information submitted by private banks.”

At the same time, Salih reminded that the financial reserves of foreign currency are currently “the strongest in Iraq’s financial history, and its balance may have exceeded one hundred billion dollars,” considering that “there is no fear or concern about Iraq’s financial capabilities in imposing stability in the exchange rates of the dinar.”

In an attempt to control this rise, the authorities launched a series of measures that have not yielded results so far, including facilitating the financing of private sector trade in dollars through Iraqi banks, and opening outlets for selling foreign currency in government banks to the public for travel purposes.

Analyst, financial and economic expert, Safwan Qusai, talked about “shaking confidence in the Iraqi dinar,” following corruption scandals linked to banks.

He added that there are also reasons related to “the US treasury, which restricted the movement of financial transfers towards some countries.” He said that when a trader is unable to obtain dollars through official methods, “he is forced to buy dollars from the parallel market.”

He added, “The additional audit process showed that parties were transferring money, but they do not check who is the supplier, what is the value of the invoice, and what is the value of the materials that enter Iraq.”

The representative of the Kurdistan Democratic Party, Majid Shankali, said that the government of the State Administration coalition headed by Muhammad al-Sudani has not yet found a solution to the problem of the high price of the dollar, which today reached 1541 dinars per 100 dollars.

Shankali asked: Where is the governor of the Central Bank, who was chosen as the best Iraqi financial figure in a recent referendum, and who is unable to provide any idea or solution to reduce the price of the dollar.

Citizens complain about the high prices of food and consumer goods in the Iraqi market, due to the high value of the dollar against the dinar, which resulted in a significant decrease in purchasing power.

Citizen Musa Abu Alaa says that the new wave of high prices has negatively affected our living conditions, and the wholesale markets are almost empty of buyers.

Traders and economists believe that the reason for the decline in purchasing power in the markets is the high exchange rate of the dollar.

And the exchange rates of the dollar in the Iraqi market rose to more than 153 thousand dinars for every 100 dollars, at a time when the central bank sells one dollar for 1460 dinars.

Abu Alaa adds that many citizens are unable to meet the needs of their families due to the sudden rise in the prices of food and consumer goods in the Iraqi local markets.

Indignation increased among the Iraqi street because of the failure of the government of Muhammad Shia’ al-Sudani to fulfill its promises through its government program and to restore balance in the financial market.

*************************************************************

America is waging an economic war through the dollar

link

Today, Tuesday, a member of the Syrian People’s Assembly, Mahmoud Jokhadar, accused the United States of practicing an economic war to stifle the Syrian people through the price of the dollar, indicating that America persists in imposing its siege on the country.

Jokhadar said, in a statement followed by (Iraqi Media News Agency / INA), that “in order for America to ensure the continuation of the bloodshed of the steadfast Syrian people and to continue plundering Syria’s wealth of oil and wheat, it persists in imposing its siege on the people.” 

He added, “The American blockade is on the Syrian people, who are living in their worst conditions these days, from a winter without fuel and an exorbitant price hike, and its attempts to destroy the exchange rate and raise the price of its dollar, and this is all not only under the eyes of Syria’s Arab brothers, but also with its support and support from some of them in implementing this unjust siege.” “.

Jokhadar pointed out that “Syria considers America a permanent enemy, but what can we say about our Arab brothers who participate in strangling us, starving us, and continuing our bleeding to strangle the Syrian people financially and economically?”

The leader of the Al-Fateh Alliance, Ali Al-Fatlawi, called earlier on the government of Prime Minister Muhammad Shia’a Al-Sudani to reveal to the Iraqi people the new conspiracy that the United States of America is weaving by reducing financial transfers to Iraq, which led to raising the exchange rate of the dollar against the Iraqi dinar.

*************************************************************

WHAT IS MEANT BY CURRENCY FLOAT? WHAT ARE ITS ADVANTAGES AND DISADVANTAGES?

(This article is a VERY GOOD lesson in what it means to FLOAT a currency. Everyone should read it carefully as to understand you can see why they can’t float the dinar in the program rate with the currency auctions and must reinstate it to the global markets. Mainly it’s because hint hint….to float you need access to the markets and traders. This will be when we go the bank to exchange 😊)

The floating currency is intended to leave the value of a country’s currency to supply and demand when compared to another currency.

There are millions of traders around the world buying and selling currencies, which helps determine their value for others. The floating exchange rate is determined by these daily interactions between traders. If investors By buying the US dollar heavily, it is likely that its value will rise against other currencies, and this means that more dollars will be needed to purchase the same number of goods from abroad.

The writer, Mohamed Abdel-Khalek, is an economic analyst

How does the currency float system work?

The basis of the currency floating system is supply and demand. If the supply is greater than the demand, the value of the currency will decrease. On the contrary, if the demand is greater than the supply, its value will increase.

In the short term, the float can be affected by factors such as speculation, natural disasters, and political news, for example: elections can often lead to periods of negative sentiment if an extremist party has a chance to grab power.

As for the long term, the floating exchange rate in the foreign exchange trading market tends to fluctuate based on the economic performance of the country and its trade balance, if the economy is performing poorly it tends to see less investment from abroad, this means that less demand is made for the currency and thus exerting negative pressure on its worth.

The trade balance is the net of what a country exports and imports, so if a country imports more than it exports it has a net flow of its currency, this is because it demands more goods from other countries than those countries demand from them domestically, in return, the country sends more of its currency to abroad, thus increasing the market supply and decreasing its value.

Theoretically, a flotation mechanism can help countries recover from recession. This is because their currency tends to weaken as a result of poor economic performance. In turn, exports become more competitive because they are cheaper in the international market. This can help provide a boost to local exporters. At the same time, imports become more expensive. This may make goods more expensive in the short term but has the potential to boost alternative domestic suppliers who become relatively cheaper.

Advantages of floating exchange rate


1. Stability in the trade balance

 The trade balance is the difference between what a country imports and what it exports. It may also be known as “net imports”. This is an important economic aspect because it is a component of a country’s economic output.


A floating exchange rate allows for more stability in this region as the currency is volatile. When a currency depreciates it means that exports become cheaper to the rest of the world. This provides a boost to the balance of trade between countries as they can export more because they are relatively cheaper than their competitors.

By contrast, when a country sells a large number of goods abroad and has a positive trade balance, its currency is likely to strengthen, meaning that other countries will start to find it more expensive to import from that country. In turn, countries may look where Another about cheaper goods, which negatively affects the exchange rate.

2. Stability of inflation
One of the main drawbacks of a fixed exchange rate is that countries will naturally “import” higher prices, so the benefit of floating is that hyperinflationary countries will experience a depreciation of their currency, and this will then help offset the inflationary effect on other countries.

3. Decrease in foreign exchange reserves
By working under a system of floating exchange rate, the central bank in the country no longer needs large reserve currencies to stabilize the exchange rate, under the system of fixed exchange rate central banks need a wide range of currencies, and this means that if Needed to strengthen its currency it will sell foreign reserves thus increasing other supply in the market and lowering the value.
Instead, under a system of floating exchange rates, that same money can be used in a way that benefits the broader economy.

4. Independence
under a fixed rate system shall operate central banks for different countries in line with each other, for example: if a country raises interest rates to deal with inflation other central banks will need to respond, this is because what happens in one country is likely to affect monetary conditions in another country.


When currencies are linked to the dollar, changes in the value of the dollar will have an impact on the value of other currencies. In contrast, these countries are subject to the feelings of the US Federal Reserve Bank and its monetary policy. By contrast, the floating exchange rate allows countries to decide on their monetary policy. Without focusing only on other countries.

5. Fewer speculative attacks


When a currency is artificially forced to stay at a fixed level, there is often bubbles in market activity. Investors know that a currency is undervalued, but with a fixed exchange rate central banks struggle to maintain the exchange rate. Constant.


There is a point where the countries currency remains stagnant, but the fundamentals appear to be undervalued or overvalued, this opens the door to speculative attacks on the currency as it seeks to make some easy money, and this in turn can lead to drastic shifts in the foreign exchange market which can cause great distress to national economies.
In contrast, a floating exchange rate is constantly changing reflecting a wide range of underlying conditions ranging from inflation to economic performance, so the exchange rate is largely in line with its underlying value.

Disadvantages of floating the exchange rate

1.Exacerbation of economic issues countries may face economic difficulties at home, there may be excessive inflation rates, economic stagnation or poor job opportunities, all of which can play a role in the foreign exchange market.

As a result of the flotation, investors look at the basic features of the economy to determine its value, and these basics include economic indicators such as growth and inflation, so when these indicators perform poorly, they are likely to lose value against other currencies.
The float also has the potential to drive the economy down as a weak currency puts pricing pressures on its imports, so for countries that import heavily they may face higher prices that will likely reduce consumer demand.

2. Possible volatility
One of the main problems with a flotation is that it can create volatile conditions for companies and countries, a sharp depreciation in the value of a currency can greatly affect the dynamics of its economy, imports become significantly more expensive which puts pressure on value-adding exporters, moreover Companies that import raw materials will see higher prices as a result.


If the economy is formed in such a way that imports are a major component, it may struggle more during periods of currency weakness. By contrast, countries such as export-led China may benefit, since most of their business is focused on exporting their goods become cheaper abroad and thus Increased demand and improved economic conditions at home.

3. Weak monetary policy
excuses flotation system the central bank has the responsibility of maintaining its currency peg, instead, it has the autonomy to pursue its monetary policy and economic agenda.


This is a two-sided coin. On the one hand, a well-managed monetary system can take advantage of this freedom, and on the other hand, mismanagement can lead to hyperinflation and financial crisis.


Many countries have tried to work their way out of debt by floating the currency, but the result has always been excessive levels of inflation and a bad credit rating. Instead, countries that may struggle to manage their monetary policy are better off having a fixed exchange rate.

(So, after reading about the FLOAT can you now see how floating the IQD on FOREX can solve much of the issues with the dinar monetary policy in Iraq. This once again proves the move to FOREX should have happened a decade ago when Dr Shabibi, then the CBI director, lined up the dinar to go to FOREX in January 2013. He knew the repercussions of leaving the dinar venerable to corruption and the schemes that were being developed under the Nori Al-Maliki and is corrupt bunch of Iranian thieves. The whole point of bringing articles like this to the blog is to educate my readers and not jus focus on a date and rate for the revaluation of the dinar. Get it? If you educate yourself you too can then begin to see the progress and the direction the Iraq is taking. Yes, they do have setbacks and perhaps they are now experiencing one, but I believe this setback is short-lived.)

*************************************************************

Articles End

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.

Hi Everyone,

I bring you much news today.   

GIVE A GIFT TO MNT GOAT

I decided to allow everyone to give a Free-will GIFT to Mnt Goat on PayPal if you so desire. Here is the link below.

https://paypal.me/MntGoatNewsletter?locale.x=en_US

Going on 10 years now, I have taken my own time from my gasthaus business to research and document findings about the revaluation and reinstatement of the Iraqi dinar. At this time more than ever I do not need to spend my time babysitting and holding your hand in this investment. I do it out of charity and love with understanding that all of us do NOT have the time to go do our own research. We are busy with our jobs, our daily lives and raising our children. So, I try to help out. But remember I too am very busy in my daily life of running a gasthaus (bed and breakfast) and trying to make ends meet. I am no different yet I take the time out each day to complete the task of my newsletter for you. I do not need to do it, as I know the information before you get it.

So, please be generous but only if you can afford it and remember to give. I suggest $5-$10 a month but you decide. Even $1.00 would be helpful. Whatever you can afford will be helpful in this time of Covid where nearly 80% of our business is now gone due to travel restrictions.

Mathew 1-2, Luke 1-2  

The phrase “Twelve Days of Christmas” is a religious concept based on the stories about Jesus in the Bible. The amount of time it took the three wise men to travel to Bethlehem and proclaim Jesus as the Son of God (the Epiphany) is generally called the Twelve Days of Christmas by most Western Christians.

Christ was actually born in September when we read about the star alignments in the bible during the Epiphany. So why is Christmas celebrated in December?

The Pagan Sun Worship – The pagan origins of Christmas can be traced back to the commemoration of the Winter Solstice celebrated in Europe on or around December 22nd. … These were the darkest days of the year, thus slow burning green conifers were cut and placed around small villages and lit at night to discourage plundering invasions into the village (later this became our Christmas Tree tradition). The Romans also had laws against certain public sexual acts such as prostitution and orgies. When the Christian faith was finally allowed in Rome, they compromised and combined many of the beliefs. One of the compromises was to continue some of the pagan solstice celebrations. One was to allow for twelve days of uninhibited public orgy and lust. The Christian church at that time held a special “Christ Mass” to pray for those souls partaking in this pagan ritual as they really did not want it. Thus, Christmas moved to around December 22nd and finally became pinned down to December 25 as a national holiday. This was also the beginning of the idea of having twelve days of Christmas and eventually moved to the Christian time of the Epiphany. Today the Twelve Days of Christmas are the days that sit between Christmas Day on December 25th and Epiphany on January 6th. Christmas Day is the first of the twelve days of Christmas, and Epiphany Eve on January 5th is the twelfth day of Christmas.

More news….

OIL PRICES RECORD GAINS FOR THE SECOND WEEK. BRENT CLOSES NEAR $84

Economy News-Baghdad

Oil prices rose about $3 at settlement in Friday’s session, notching gains for the second week in a row, after Moscow said it could cut crude output in response to the Group of Seven price cap on Russian crude.

Brent crude rose $2.94, or 3.6%, at settlement to $83.92 a barrel.

U.S. West Texas Intermediate crude rose $2.07, or 2.7%, to $79.56 a barrel at settlement, Reuters reported.

TAQA: Japan, Saudi Aramco extend crude oil storage agreement in Okinaw

More news….

A PARLIAMENTARY BLOC WARNS OF THE COLLAPSE OF THE IRAQI DINAR, AND THE DOLLAR HAS EXCEEDED 160,000

Head of the Parliamentary National Product Bloc, Ibtisam Al-Hilali, warned today, Monday, the government and the Central Bank of the collapse of the Iraqi dinar and the rise in the exchange rate of the dollar to more than 160,000 dinars.

Al-Hilali said in a statement that {Euphrates News} received a copy of, that: “The exchange rate of 100 dollars in the market exceeded 157 thousand dinars, and it is constantly rising and may reach at the end of the week or on New Year’s Eve to 165 thousand dinars, and this increase directly affected the citizens due to the increase in food prices.

More news….

AMERICA IS PRACTICING A FINANCIAL BLOCKADE ON IRAQ

The representative of the Sadiqoun bloc, Hassan Salem, said in a tweet on Twitter, “America is practicing a financial blockade on Iraq that causes an increase in the exchange rate of the dollar.”

He added that it “requires that Iraq be economically and developmentally weak, live in poverty and underdevelopment, and be subject to American dictates to lift this blockade.”

Salem continued, “The Iraqi government must tell the people about these arbitrary American measures.

(So, do you believe me now that the USA has a major role in bringing the inflation to Iraq? They create the crisis and now in this article they are telling Iraq we can get you out of it but you must listen to our solution and implement it. America DOES NOT want Iraq to succeed. Get it now? Remember they are doing the same in the USA too and they need to default of the US debt, then the deep state, as in Iraq, will step in and give their solution to the huge 30’s trillion of national debt. Believe me you will NOT like their solution. In the US the solution in the background is a digital currency combined with Canada and Mexico. Yes, no more US Dollar. But deep inside me I do not believe God is going to let this happen as it will destroy the US and Iraq forever. Freedom and liberty will fly out the window… Remember they create the crisis, then they tell you they have to solution which was what they wanted to do in the first place  only they use their manmade crisis to PUSH THEIR SOLUTION UPON YOU. )

More news….

STATUS OF THE RV

I hope all my readers had a wonderful Christmas with friends and family but most importantly is that your remembered what this holiday really is all about to give honor and glory to the birthday of the child Jesus.

There is lots to talk about today as we are heading into January 2023 and with less than one week remaining to 2022. Remember that January is the CBI’s most opportune time to change the rate of their currency to start off their new fiscal year. This is why they push also for getting the budget done by then. I am convinced this is now a factor too. Also, we hear, as usual, that the latest HCL changes are going to be accepted and passed. Remember that the HCl has been passed many years ago. These changes to it are normal as the percentage of monies allocated to Kurdistan and the Article 140 territories must be decided for each new budget until eventually a referendum can be added to the Iraqi constitution.

We are told in an article today that the budget will be in parliament ready for review and voted on in two weeks. Coincidental? That pushes it to early January 2023 to begin the voting process. This will be perfect and just in line with what else I am about to tell you in today’s Newsletter. So, sit back and hang on. The news is about to get really good…. 😊.

As many of you might remember that on occasion, I do contact the Central Bank of Iraq and get news. Of course, they only tell me what they can and so there are no “secret” sources involved here. What I try to do is take the everyday news from Iraq and make a list of questions that might help understand what is going on over there. I do not put on my “RV hat” but rather try to stay neutral and just listen to the FACTS and what they are telling me.

So, in my most recent conversation I asked these questions and received these answers:

What is really happening as to why the IQD is devaluing so rapidly now, even though all the other sources of Iraqi reserves and revenues seem to be climbing steadily? Kind of weird, I said….

The reason told to me was that there was a new platform installed at the banks for currency trading and that they all banks were trained on it and must now use it. This platform is multi-currency. Yes, the banks can now trade global currencies in Iraq. This does not yet make the IQD international, as some say but only the process is now in place. Why now?

During this process of installing the new trading platform, the currency auctions were shut down and when they came back up using the new platform process, there was a backlog of demand for the US dollar, thus the demand rose greater than the supply the CBI could release to the banks in time to head off yet more inflation. But the CBI then came out and told us this crisis was over and with over 96 billion dollars of reserves there was plenty of dollars to overcome the demand and settle back to the 1450 rate.  But that didn’t happen. Why?  

My next questions then asked was: Why did it not settle back to 1450? As it is now climbing to over 1560 and could reach 1600 and maybe even 2000 before the end of the week. Will the dinar crash? (Remember that the dinar was put on a sole de facto peg to the US Dollar in 2004)

I was told that a couple weeks ago, the IQD was taken off the sole de facto peg to the US dollar and paired instead to a large group of currencies. The dinar was only “paired” to the US Dollar along with another large set of other currencies. I guess it was a basket but they did not call it that. They also said it was done “in a simulated or temporary measure”. I asked what the hell did that mean as I never heard of that term being used before. Then it clicked in my head. WOW I said, I think I know why!

I had to go back to the 2011 process that Dr Shabibi told us would happen when they got ready to reinstate the currency. His plan laid out that the CBI would first simulate and then monitor the process for a week or two (maybe longer) to watch for high run-away inflation. If it was successful and they could control any inflation, the next move was to reinstate the dinar on FOREX. In the meantime, or about the same time (it depends), that they would also have to conduct the project to delete the zeros within Iraq.

I then asked the most logical next question: What is the rate going to be once pushed back on FOREX, if the simulation results are favorable and it is approved (given the GREEN light) to go.

I was told the rate depends on the level of inflation during the simulation but could range from 80 cents to $1.20. They do no expect the rate to stay long at that level and will climb steadily once re-introduced to FOREX. They intend to monitor it and slow it if needed to prevent exceeding a cap they told me was about $9 although we know Dr Shabibi told us it could withstand up to $16.00.

I then asked: Could this be why the new platform was installed to clamp down on potential corruption and prevent dollars from leaking outside of Iraq?

Yes but more than that even. I was told that the situation with Iranian corruption is now being monitored closely, and I mean VERY closely by the US Treasury. There are more measures yet to be introduced if there is still too much leaking out. Yes, this is all part of the process. It actually began the process but the platform was installed in regards to the reinstatement as the banks must be able to exchange all international currencies in a global financial banking environment. We can clearly see that something is different, much different. But again I asked why now?

Logically I then asked for a timeframe for the reinstatement not expecting to get an answer but I thought to ask it anyhow. To my great surprise I was told a target and that it was before the end of January. This made total sense to me knowing everything else I know. So, as I suspected, the CBI was up to something only the full story was not in the daily news from Iraq and the average person to read. Yes, they told the citizens about the new platform but they did not tell them the full reason for installing it now. This of course is fantastic news and we all should be optimistic that this could actually be the end to this dinar sage if the process goes to completion.

But I want everyone not to celebrate yet until we get the green light and know that the results from the “live” simulation was favorable. We will probably not hear which way it went but only to watch for the next move. Get it? I do not know the criteria for a “favorable result” but I am sure we will hear the full story someday when it is all over. Be patient and relax.

So, let’s not put the jackass before the cart and start a bunch of false rumors from what I am telling you today. We don’t want to be jackasses like all the other intel gurus, do we? The situation is just as I told you. I know many tend to want to go off half-cocked in knee-jerk reactions. There is still time to monitor the dinar and they still have to make a choice to BACK OUT or DO IT. Can they control the inflation?

This is when prayer comes into play. We all need now more than ever to pray, pray and pray on our knees for the success of the Iraqi people and that God will bring his glory to Iraq with abundance and prosperity. Remember we investors are only the benefactors of this abundance and prosperity. In a recent past Newsletter, I tried to give my readers some background on the rosaries as how they got started, who started it and why and how we pray on them. Since then, I can feel that many jumped on and prayed and this had made all the difference in this situation. Please, please continue…..oh yes the Immaculate Heart of Mary is hearing us and through her intervention with Her holy Son Jesus, things are moving.

Link on how to say the rosary.

We also must remember the prophecies too and that the “reversal” is coming and may very well come in January too under the Loy Brunson lawsuit. Who knows? So, these two events could also be lining up.

What Is a Currency Pair vs a Peg?

A currency pair is the quotation of two different currencies, with the value of one currency being quoted against the other. The first listed currency of a currency pair is called the base currency, and the second currency is called the quote currency. Quoting the rate is the key here but the currency in the base rate would still have to be “pegged” to something. With the dinar (the base currency) we were told it would be re-pegged from the sole de facto US dollar peg to a basket of 5 currencies including the US  Dollar with a weight of about 60% to US Dollar.

Currency pairs compare the value of one currency to another—the base currency (or the first one) versus the second or the quote currency. It indicates how much of the quote currency is needed to purchase one unit of the base currency. Currencies are identified by an ISO currency code, or the three-letter alphabetic code they are associated with on the international market. So, for the U.S. dollar, the ISO code would be USD. I believe this is the simulation that are now conducting in the CBI. But the dinar is not yet traded openly and “fully” on the open markets so the “pairing’ cannot yet take place and this pairing process will add yet more to the sell rate once it is launched back on FOREX.

KEY TAKEAWAYS

1.A currency pair is a price quote of the exchange rate for two different currencies traded in FX markets.

2.When an order is placed for a currency pair, the first listed currency or base currency is bought while the second listed currency in a currency pair or quote currency is sold.

3.The EUR/USD currency pair is considered the most liquid currency pair in the world. The USD/JPY is the second most popular currency pair in the world. 

I am giving you this explanation of “pairing” vs a “peg” so you understand more clearly what I was told they are doing in the CBI “live” simulation. Let’s not use the term pairing inappropriately.  

*************************************************************

Formal Articles are below. Please see my comments in bold italic fonts in brackets (  ) throughout the articles.  Also, I separated the articles with asterisks and highlighted in bold any important lines worth noting.

*************************************************************

Articles Begin

RECENT MEASURES TAKEN BY US AUTHORITIES TO TIGHTEN THE CHANNELLING OF DOLLARS

Recent measures taken by US authorities to tighten the channelling of dollars to Iran from Iraq have decreased the value of the Iraqi dinar on the black market, government officials and traders said on Monday.

The Iran-backed Iraqi government has been struggling to control the exchange rate to contain mounting public anger over soaring goods prices.

The dollar exchange rate in the black market has been hovering around 1,550 Iraqi dinars from around 1,470 dinars, Dhirgham Hameed, owner of a Baghdad-based exchange company, told The National.

The dinar has been trembling against the dollar since early this month, wreaking havoc in the market,”Mr Hameed said. In 2004, the Central Bank of Iraq introduced the foreign currency auction as one of its policy tools to achieve monetary stability.

Through that auction, the government has succeeded in controlling the exchange rate on the black market.

For years, the official rate for banks and exchange companies was 1,182 dinars, while the rate on the street was around 1,200 dinars.

However, the process has been mired with accusations of corruption, money laundering and the channelling of dollars to Iraq’s neighbours, Iran and Syria, using forged bills. Both countries are under punishing US sanctions.

Since then, the US has blacklisted a number of Iraqi banks that deal mainly with Iran. The US sanctioned Iraq’s Al Bilad Islamic Bank for dealing with Iran’s Islamic Revolutionary Guard Corps in May 2018.

Amid a liquidity crisis due to plummeting oil prices on the international market, Iraq’s Central Bank devalued the dinar in December 2020 to 1,460 dinars per dollar for banks and 1,470 dinars for individuals.

The interim government argued the move would also curb the flight of the “cheap dollar” outside the country.

But that didn’t stop the outflow of much-needed hard currency.

The US Ambassador to Iraq has complained to Iraqi officials on many occasions that the dollar was still being sent to Iran, a Central Bank official and a lawmaker said.

But Mohammed Shia Al Sudani’s government, which took office in late October and is close to Iran, has not taken any action, they said.

When there was no action from the government, the Federal Reserve bank started to apply scrutiny measures on foreign transactions and that has delayed the process of releasing the money from the US to cover the imports and other needs, the Central Bank official said.

Both spoke on condition of anonymity as there is no government statement on the latest US measures.

How does buying and selling oil work in Iraq?

Each dollar Iraq gains from selling crude oil goes to an account at the Federal Reserve Bank of New York, and Iraq makes withdrawals to pay government salaries and imports.

Oil revenue makes up nearly 95 per cent of the federal budget and the war-torn country depends heavily on imports to meet the demand for food and materials for key sectors of the economy.

The Federal Reserve Bank of New York supplies Iraq with hard currency on request from the Iraqi government, either in cash or foreign transactions.

While some of these funds are used to cover government imports and other requirements, much of it is passed on to commercial banks, ostensibly for private sector imports in a process that was hijacked long ago by Iraq’s money-laundering cartels.

The rest of the money is added to the international reserve.

Thanks to Iraq’s growing oil revenue, the Central Bank of Iraq has about $96 billion in foreign exchange reserves, Mr Al Sudani announced early this month.

As of last month, the CBI sold an average of $240 million to $250 million a day, said another owner of an exchange company, who asked to remain anonymous.

Only 10 per cent to 20 per cent of the money was cashed out to be distributed to banks and exchange companies and then to individuals, while the rest was sent to accounts in Dubai, Turkey, Amman and China to cover private sector imports, he said.

Iraq has no problem with the money at all, it has good reserves, the exchange company owner said. It sounds as if the issue is politically motivated because the Americans are upset.”

Over the past 19 years, the Federal Reserve has never delayed a request or transaction from Iraq, he said. They used to approve any bill immediately,” he added.

But since early this month, the Americans have started applying scrutiny measures on foreign transactions and the new process has delayed each transaction for up to two weeks,” the exchange company owner said.

He added that most of the requests were being rejected due to suspicions that some banks are linked to Iran.

Since then, daily transactions have dropped from around $200 million to between $20 and $30 million a day.

“The reserves have been dried up in the accounts abroad and that has pushed up the demand for the dollar in the local market to cover imports,” he said.

To control the rate at the black market, the government has asked the CBI to take urgent steps to compensate for a dollar shortage in the local market.

It reduced the exchange rate for individuals from 1,470 dinars to 1,465 dinars to cover travel for the Hajj pilgrimage, medical treatment and study.

It also asked the CBI to help private banks strengthen their non-US dollar foreign currency reserves such as the Chinese yuan, the euro, the Emirati dirham and the Jordanian dinar.

But these measures failed to strengthen the currency.

We are not optimistic and we believe that the worst is yet to come unless the government applies urgent, immediate and effective measures,” Mr Hameed said.

The current official dinar to dollar exchange rate is 158,000.

(We know there is only one way out of this mess. Will they have the fortitude to do it? We wait to see. They can not wait much longer.)

*************************************************************

THE SLEEPING WOLVE PUSHES THE PRICE OF THE DOLLAR IN IRAQ TO ABOUT 160,000 DINARS

A member of the Iraqi Parliament, Alia Nassif, commented, on Sunday, on the decline of the dinar against the US dollar, to 154,000, while she indicated that “Shelf Al-Souf” is behind the exchange rate crisis.

Assif wrote, in a tweet she posted on her personal account via Twitter, on the occasion of the rise of the dollar to 154,000 dinars and its direction towards 160, we say, “Sleeping, Sharif al-Sawf, and the dollar is suffocating your people.”

(Mnt Goat – Yes it is time to de-peg from the de facto sole peg to the US Dollar. If it was done in 2013 as the former CBI governor Dr Shabibi planned they would not be in this mess today.)

She explained, “(Sherif Al-Sawf) here is not a person, but rather a system that deserves to be cursed for its corruption, which starts with those who have the idea of ​​the exchange rate and ends with those who oppose its return to 120,000.”

And Nassif continued by saying: “I will see experts speaking about economic theories. Dad, we know your words. We have heard about economic theories at the hands of economics professors.”

(Mnt Goat – they are referring to economic theories that Iraq must first develop its economy before the rate can change and get reinstated. This article proves to you now that this is rubbish and has been just another BS justification for not reinstating the dinar.)

For his part, Representative Mustafa Sanad said, “The reason for the rise of the dollar is to stop transferring Iraq’s entitlements from dollars by the US federal government, for the purpose of political blackmail and understanding.

*************************************************************

HOW WILL WE LIVE?” THE DINAR IS BLEEDING IN FRONT OF THE “GREEN CURRENCY”, AND OFFICIALS ARE ACCUSED

There is no work or money, how can we live!” With these angry words, Mahmoud Hassan expresses his position on the depreciation of the Iraqi dinar against the US dollar.

Hassan, the owner of an antiques shop in the capital, Baghdad, does not see any justification for the dollar’s rise, but the political class is benefiting from what is happening, and is pushing for a greater rise, and the people do not care at all.

Hassan says, “His business was greatly affected by the rise in the dollar… This led to a weak demand for people to buy. The Iraqi dinar is witnessing bleeding against the dollar, although the exchange rate is officially set at 1460 dinars, but the current prices amounted to about 1545 dinars against one dollar.

A parliamentary warning , a member of the Finance Committee in the House of Representatives, Sajjad Salem, attributes the reason for the dollar’s ​​rise to stopping 4 Iraqi banks from entering the currency sale auction as a result of international sanctions, in addition to the electronic platform that was announced by the Central Bank of Iraq and it was Central Bank of Iraq in the past weeks, 4 private Iraqi banks have been excluded from the currency sale auction. Following directives and accusations from the US Treasury to these banks of currency smuggling.

Salem calls, in his interview with Alsumaria News. The government called for “finding the necessary solutions and controlling exchange rates,” warning that the dollar’s continued rise for a new week “will create negative effects in the country.”

And the member of Parliament’s finance goes on to say, “There are no positive returns from this rise, because it is unplanned.”

Shaleef Al-Souf For her part, a member of the House of Representatives, Alia Nassif, said, on the occasion of the dollar’s rise, “You are asleep, Shalef Al-Souf, and the dollar is swaying with your people.”

Nassif indicated in a tweet on Twitter, “(Sherif Al-Souf) here is not a person, but rather a system that deserves to be cursed for its corruption, which starts with those who have the idea of ​​​​the exchange rate and ends with those who oppose its return to 120,000 dinars.”

Parliament abandons promises
Before holding the early” elections on October 10, 2021, the candidates for the fifth parliamentary session were singing about devaluing the dollar, but they abandoned their promises Bassem Jamil Antoine.

While the deputy says Moein Al-Kazemi that the House of Representatives is unable to deal with the rise in the price of the dollar; Because this is a matter for the government. (OH…but you are the government…stupid ☹)

Al-Kadhimi calls, in an interview on an investigative program broadcast by Alsumaria TV, on the government to monitor merchants and private banks and control the currency market, adding that “the solution cannot be through reducing exchange only, but rather through encouraging the national industry. (More BS we have heard this argument and we all should know by now this is not the reason.)

The platform
Returning to the economist’s speech, he points out that “there is supply and demand, the supply is low and the demand is wide and large due to the Central Bank’s development of an electronic platform on the recommendation of the Federal Reserve Bank; in order to check the numbers of buyers of the dollar; to prevent it from being traded on the black market.”

Shows Antoine to Alsumaria News, that “this platform disrupts the process of pumping the dollar, after the central pumped about 200 million daily, it now supplies the market with about 130 million.”

On December 15, the Iraqi Central Bank considered the rise, which it described as “simple” in the exchange rate, as being due to some factors, including “building an electronic platform through which banks raise their customers’ requests.”

And the bank continued, in a statement, that it “started months ago to build this platform in coordination with international bodies for the purpose of ruling and organizing window operations for buying and selling foreign currency and ensuring effective control over it, as an international company specialized in building it and linking banks with the central bank through it,” noting that “The platform requires providing information about customers requesting transfers, beneficiaries, correspondent banks, etc.”

The statement indicated that “due to the recent use of this platform, many errors are being discovered, which requires the bank to re-download it. These procedures take additional time to accept the request and pass it through the global financial system.”

He explained that “the central bank’s reserves and the state’s financial solvency in general are in excellent condition and at their best levels in decades, and that the current supply of foreign currency is not linked to resources, but rather to administrative and auditing procedures, which will be bypassed during the coming days. In addition, the central bank has taken a number of measures to expand the offer.” foreign exchange to meet the public’s demand for cash dollars.

A few days later, specifically on January 19, the Iraqi Central Bank approved a package of decisions “that would restore the foreign currency market to its normal position.”

These decisions, as stated by the bank in a statement, consisted of “allowing banks to participate in the window of buying and selling foreign currency by purchasing any amounts in foreign currency and depositing them with this bank in accounts used for external transfer purposes, and interest / returns are paid on those balances according to what this bank decides.” .

It also included “facilitating the financing of private sector trade through Iraqi banks and meeting the demand for foreign transfers by strengthening bank balances with their correspondents in other currencies in addition to the US dollar (Chinese yuan, the euro, the Emirati dirham, the Jordanian dinar, and others).”

The bank added, “Outlets have been opened to sell foreign currency in government banks to the public for the purposes of travel (treatment, Hajj Umrah, study, etc.)

The Central Bank stressed, “Reducing the selling price of the dollar to the beneficiary (the card holder) that he uses while traveling or paying his purchases via the Internet, to be at a price of (1465) dinars to the dollar instead of (1470) dinars to the dollar. The dollar will be sold to electronic payment companies for the above purpose at a price ( 1455 dinars to the dollar instead of (1460) dinars to the dollar.

Another high
Member Salama SimsimFar from putting it on this topic, as she believes that the exchange rate has reached 160,000 dinars for 100 dollars.

Sumaisem said in an interview with the “After the Investigation” program that she broadcasts Sumerian Channel satellite channel, that “the price of the dollar will not return to its previous state, due to the obligation of Iraq to the decisions of the World Bank for a period of five years, according to the white paper.”

And she pointed out that “the procedures for raising the exchange rate have benefits for the government and not for citizens, because in this case it will provide large amounts of local cash as a result of the dollar’s rise,” indicating that “the solution lies in pumping foodstuffs through the ration card, which can relieve the burden of the citizen from the flames of prices.” It maintains market stability.

(If you can take one bit of good news from this article it would be the fact that they are still going along with the “White Paper” . We know the White Paper will get us to FOREX and thus to exchange at a rate we want.)

*************************************************************

A DEPUTY ASKS THE CENTRAL BANK ABOUT DOLLAR PRICES: WHAT IS HAPPENING IN SECRET?

 

Today, Monday, a member of the House of Representatives, Firas Turki, submitted many questions to the Central Bank and the Iraqi government regarding the high exchange rates of the dollar, while stressing that it is not possible to remain silent about manipulating the food of the poor.

And the exchange rate of the US dollar continues to rise against the Iraqi dinar on the main stock exchange in the capital, Baghdad, to exceed today, Monday, for the first time “in two years,” the barrier of 158 thousand dinars for every 100 dollars.

In an interview with Al-Maalouma Agency, Turki demanded, “The governor of the Central Bank and the Iraqi government to reveal the real reasons behind the dollar’s rise,” stressing, “We must know what is happening in secret.”

Earlier, the Prime Minister, Muhammad Shayaa al-Sudani, confirmed that there has been a clear increase in dollar prices against the dinar in the local markets and foreign remittances recently, and while pointing out that the Central Bank is the body concerned with monetary policy in the country, he explained that the reason is due to a group Factors including the directives of the bank to operate the electronic platform.

The deputy added, “It is not possible to remain silent about manipulating the food of the poor by visiting the dollar exchange rates,” repeating his question, “Does America have a role in this procedure?”

A short while ago, the State of Law coalition held America responsible for the rise in dollar exchange rates, while confirming that the US Federal Bank does not have any evidence about currency smuggling and money laundering by the four banks that have been punished.

*************************************************************

DISCLOSURE OF THE DATE OF THE OFFICIAL APPROVAL OF THE FINANCIAL BUDGET

 

Today, Thursday, a member of the House of Representatives, Jassem Al-Moussawi, revealed the date for completing the approval of the general budget law after sending it to Parliament, while confirming that it will be ready for voting under the dome of Parliament within two weeks from now.

Al-Moussawi said in an interview with Al-Maalouma that “the date for approving the general budget law under the parliament will be two weeks from now,” noting that “the priorities of the parliamentary committees is to work to complete the reading of the paragraphs of the general budget in order to vote on it inside the parliament.

And he continued, “The general budget has been completed by the competent authorities, and it will be sent to Parliament before the end of the legislative recess in which the House of Representatives entered.”

He added, “The general budget law enjoys a great priority from the new government, because it contains many paragraphs that deal with a lot of matters that concern the government and citizens,” stressing that “there are many laws that will be sent to the House of Representatives from the government in order to legislate its approval.”

And a member of the Parliamentary Finance Committee, Sajjad Salem, had previously told / information /, that the general budget is still in the corridors of the Council of Ministers in order to complete the addition of all the necessary paragraphs after discussing them,” noting that the budget is approved in two stages, the first by the Council of Ministers, and the second to be voted on under the dome of parliament.”

*************************************************************

AL-SUDANI: IRAQ IS KEEN TO PROVIDE ITALY WITH OIL.. AND HIS ITALIAN COUNTERPART: THERE IS NO PROSPERITY FOR THE MIDDLE EAST WITHOUT A STRONG IRAQ

 {Economic: Al Furat News} The Prime Minister, Muhammad Shia Al-Sudani, announced that Iraq is keen to provide Italy with oil and gas.

Al-Sudani said in a joint press conference with Italian Prime Minister Georgia Meloni, during his visit to Iraq: “Iraq’s relationship with Italy is distinguished.”


And he indicated that “Italy has a positive role with Iraq, especially in the war against the terrorist Daesh,” stressing during the meeting the “importance of resuming the holding of the joint committee between Iraq and Italy.”


“We are ready for bilateral cooperation in all fields, and we have promising plans in the field of oil and gas,” Al-Sudani stressed.


He noted that “Iraq is keen to provide Italy with oil,” pointing to “benefiting from Italian experiences in the field of religious and archaeological tourism.”
For her part, the Italian Prime Minister said: “We are always with Iraq in its renaissance and development, and I am happy with my first visit to Iraq,” stressing that “Iraq is a friendly country to Italy.”


She added, “Iraq is a country that has achieved important steps in the field of security and stability.”


The Italian Prime Minister said, “There is no prosperity in the Middle East without a strong Iraq, and we support the security and stability of Iraq.” And Meloni continued: “We are ready to continue to work with Iraq, and our relationship with Iraq is strong and solid.”


She indicated, “We are interested in the presence of Italian companies in Iraq, as we have cultural cooperation with Iraq,” noting that she “will visit the Kurdistan region at the end of her visit to Iraq.

*************************************************************

Articles End

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.

In ending I want everyone to know your constant prayers in the fight against evil is working in the battle against the corruption of Iran in Iraq, the corruption of the democrat party in the USA and the corruption of the labor party in the UK. Yes, your prayers ARE WORKING. God has guided these patriotic men and women on this new battle field. It is a battle for the mind filled with propaganda and lies. He has guided the honest, patriots of Iraq, the USA and the UK to fight for their homeland.

So, this new war now on our citizens is underway now as we see so fragrant massive abuses and corrupt practices in the U.S., Canada, UK and Australia.  Sure they have excuses and use this pandemic and variants at their legal excuse now for all the violations. We must see through it and end it.

There are many heroic and patriotic men who expose the corrupt and bring about the needed freedom, prosperity and abundance back to their nations. God’s Hand is At Work! From these countries God’s Hand will extend to other countries around the world. 

We must keep praying for the end to the rapid corruption and enslavement of people. This is the end game for this global new order, they are pushing on our nations. Through this entire Covid process we have seen what they are capable of and how they want to control us. We must pray for our leaders that they may be anointed by the Holy Spirit and guided to do God’s work. We must stand by them and let them know we are still there to support them, even after the election is over. I have composed a prayer maybe we can all pray today in our own way and until the reinstatement of the Iraq dinar occurs.

PRAYER

Oh Father, we pray in the name of Jesus Christ:

“For all leaders of all nations, that they may be anointed by the Holy Spirit to do God’s will and work to bring about abundance and prosperity to their nation. That they may listen to the Holy Spirit for guidance in fighting this war on us, our minds and our children.  

To fight this waging war on corruption, our freedoms, our liberties, socialist plans, injustice and our US Constitution.

To bring all those corrupt to justice and pay for their crimes no matter how high up in the government or politics they are. Lord, they must pay the price for their treasonous acts or there will never be any justice in our nation.

To end the corona virus “man-made crisis” and to awaken people everywhere of the dark side and the tools it will use to gain power and control.

That the FREE WORLD may be a shining example for the rest of the entire planet. That the God centered, sacred vision our nation may extend out to the rest of the world like shining rays of light, of hope and of victory.

In the name of Jesus Christ our King and Savior, Amen”  

P.S. (Please if you can – say the rosary every day. You can do it while you take your daily run or walk. You can do while you lie in bed in the morning or nighttime before sleep. You don’t even need a set of rosary beads as you can use your ten fingers …lol..lol..lol… 😊 )

Auf Wiedersehen

Much love to ya all,

Mnt Goat

Hi Everyone,

I bring you much news today.   

GIVE A GIFT TO MNT GOAT

I decided to allow everyone to give a Free-will GIFT to Mnt Goat on PayPal if you so desire. Here is the link below.

https://paypal.me/MntGoatNewsletter?locale.x=en_US

Going on 10 years now, I have taken my own time from my gasthaus business to research and document findings about the revaluation and reinstatement of the Iraqi dinar. At this time more than ever I do not need to spend my time babysitting and holding your hand in this investment. I do it out of charity and love with understanding that all of us do NOT have the time to go do our own research. We are busy with our jobs, our daily lives and raising our children. So, I try to help out. But remember I too am very busy in my daily life of running a gasthaus (bed and breakfast) and trying to make ends meet. I am no different yet I take the time out each day to complete the task of my newsletter for you. I do not need to do it, as I know the information before you get it.

So, please be generous but only if you can afford it and remember to give. I suggest $5-$10 a month but you decide. Even $1.00 would be helpful. Whatever you can afford will be helpful in this time of Covid where nearly 80% of our business is now gone due to travel restrictions.

Luke 2:7

The Bible says, “And she brought forth her firstborn son, and wrapped him in swaddling clothes, and laid him in a manger; because there was no room for them in the inn. Three Gifts From Three Kings The gifts of the Three Kings symbolize Christ’s identity and mission: gold for a king, incense for God, and myrrh used to anoint the dead. …

More news….

THE PRESIDENT OF THE REPUBLIC: IRAQ IS CURRENTLY GOING THROUGH A PERIOD OF POLITICAL AND SECURITY STABILITY

President of the Republic Abdul Latif Jamal Rashid confirmed today, Thursday, that Iraq is currently going through a period of political and security stability.

The media office of the Presidency of the Republic said, in a statement received by Alsumaria News, that “the President of the Republic received at the Baghdad Palace a delegation from the Al-Rafd Center for Media and Strategic Studies, headed by the Director of the Center, Dr. Abbas Al-Jubouri

 
He added, “During the meeting, the overall political situation on the Iraqi and international arenas was discussed, as the President of the Republic affirmed that there is a universal welcome to the formation of the government by the international community, which demands that Iraq have a major role in many issues.”

The President of the Republic indicated that “strategic studies centers should study the various public issues in an integrated manner, with a focus on local issues, suggesting that the media and analysis centers monitor the negatives to correct them and highlight the positives for their development and to convey the true picture about the growing stability in Iraq.”

 
He explained: “We believe in a strong Iraq in terms of democracy and its economic and service approach,” explaining that: “Iraq is for everyone, and it is our duty to strengthen it.”

(Ok so once again the news of “about the growing political and security stability in Iraq”. Is this not what we want to happen? What will this give us in 2023?)

More news….

STATUS OF THE RV

I want to wish everyone from the bottom of my heart and from those others  in my family a very Merry, Merry Christmas. If you take nothing else from my Newsletter news this past year please take the fact that the reinstatement must happen on FOREX and the redenomination of the dinar prior to us going to the bank and exchanging. Secondly the holdup is purely political. Yes, purly a political will to do it. We can see that Iraq has grown financially beyond expectations and certainly is more than ready to be fully re-integrated back into the financial systems of the global markets. There is a very good article in today’s Newsletter entitled “2022…A DEFINING YEAR IN POLITICAL LIFE IN IRAQ AND OPTIMISM ABOUT “HOPE”. It is a very good read and just about sums up this past year of turmoil in Iraq that finally ended in stability.

There are some gurus that are telling you that FOREX already has an IQD rate in other countries only you cannot yet see it in the USA. This of course is total nonsense and can NEVER even happen. I can assure you there is no rate on FOREX in Deutschland Banks (I checked) and for that matter in other foreign banks including those in Austria, France, UK and the middle east (I checked). Folks why do you not challenge these liars? Oh ..you are afraid they will stop their intel conference calls? But they are lying anyhow and so why do you care?

GOING FORWARD

I can assure everyone that the political scene is going to drastically change more and more for the good as we move into the new year of 2023 and beyond. This new year promises great challenges and changes in all avenues. We know that there is a coming cure for cancer that you can purchase off the shelf in any pharmacy and that new sources of energy are coming to overwhelm the oil industry. No one is saying that oil will completely disappear. Come’on lets have some common sense here. We know there is a transition to happen. There are also many byproducts from oil such as lubricants, medicine, plastics, etc. that we still need. But I will add that this notion of electric cars is silly and the electric grid would only crash if too many cars go all electric causing yet another crisis. How do you generate the electricity to recharge the cars? It must be produced somehow? It just does not come out of the thin air…lol..lol..lol… 😊 At the same time they pacify the very radical environmentalists and want to shut down the nuclear power plants, one of the safest and cheapest forms of energy supply of today. I don’t get these wacky policies do you? Seems most of these current policies contradict even common sense never mind science. But these wacked thinkers are only about 3-4% of the population and once we have new governments in place they will stop placating to them and go back to good-ole common sense.

But the future is also extremely bright for the Iraqi dinar. This past year we have NEVER seen so much talk and debate from Iraq over what to do with the dinar. The confusion is really over knowing what to do, but refusing to go down that path until forced to do so. In my mind there really is no confusion only a reluctance brought on by mass corruption at the highest levels of the government(s). I use plural for governments because this theft of Iraqi wealth goes beyond the politics and boundaries of Iraq. Think of a bucket of money and everyone has their hands in it grabbing for the money as fast as they can and as much as their hand will carry. A free for all! As soon as the bucket is filled again it is emptied, leaving little to nothing for the people to Iraq to rebuild post-war Iraq or for us long-term investors to reap our harvest. This too will soon all change.

A few economists and parliamentarians even advised us exactly what should happen as if they were reading the plan of Dr Shabibi / IMF from 2011. We know it is the necessary redenomination followed by the reinstatement. As you all should know by now, I am a huge fan of the modern-day prophets. There are prophets all over the bible and so why would God not continue to talk to his people in prophetic words. God is not dead and the fact that you alive today reading this newsletter proves it.

It is in times of uncertainty when the prophets really step up to help. They are God’s servants on earth to allow God to speak to us through them. Yes, we are in troubled times of uncertainty. As you may know, as Christians we are all called to be prophets through our baptism, if we so desire. The job of a prophet is to bring the TRUTH which you know is my specialty. So, I only use the prophets that speak tried and tested TRUTH and I vet the fakes. They talk about a turnaround in the financial system, a great “wealth transfer”. Oh…boy! Funny how the World Economic Forum (WEF) too wants a wealth transfer, but their form of transfer if much different than Gods’. It is from your pockets into theirs. That’s their version. But God says this will not happen and it is going to happen the other way around- instead from their pockets into ours. This will be the price they pay for what they have done to societies throughout the globe. I believe the reinstatement, thus a major change in rate of the IQD we want, is part of it but not the entire story. There is also the changing of the backing of the US Dollar from a fiat currency to a prestigious gold-backed currency. It will be backed by gold, silver and other precious metals and the announcement will come in all due time. If you are ready for this event it also could bring a great wealth transfer to you. The new energy source will cause a revolution in the auto industry too as the gasoline and diesel engines will be redesigned to use the new source bringing an epic change to the Detroit area. Yes, in a short time you will hardly recognize it from today. This too is part of the wealth transfer if you so choose to get involved and invest.

But I believe the most important change will be the failure of the anti-God and WOKE version of society being forced down our throats. Christianity will flourish in parts of the glob never imagined. But be aware too as the head of the satanic snake is not yet cut off and so it will regrow and come another day. We must stay diligent and always seek out the TRUTH and QUESTION what we are told.

So, yes our coming wealth transfer may have not yet happened in our timing as we are all very impatient. But lying and deception is not going to make it happen any sooner. Let’s take the time to think about this past year with much contemplation on what really happened in Iraq. Remember the articles and my synopsis. I am not perfect but a damn better in analysis and making conclusions than most out there in this study of the dinar. Of course, I pat myself on the back, that is easy to do, but I do it only with the utmost humbleness and respect to my readers to try to help everyone on this journey. This journey will soon be over as we can now see the light at the end of tunnel. We just need to get there.

prophet Julie Green

Again I wish everyone a safe and holy very MERRY CHRISTMAS and please remember what this holiday (holy-day) is really all about. Christmas season is also a time to bring the family together and forgive and forget old grudges and hate. This is what Christ would want of us, if he were here to speak today. Oh…but he is here. Just read the New Testament. Remember you can still love someone and show respect, but you don’t have to always agree. That is how God made us. Let this be our mantra for this new year coming too.

*************************************************************

Formal Articles are below. Please see my comments in bold italic fonts in brackets (  ) throughout the articles.  Also, I separated the articles with asterisks and highlighted in bold any important lines worth noting.

*************************************************************

Articles Begin

PARLIAMENTARY FINANCE: CONTROLLING THE PRICE OF THE DOLLAR NEEDS TIME AND NEW PROCEDURES

Yesterday, Tuesday, the Finance Committee in the House of Representatives called on the central bank to take more measures to control the emergency rise in dollar exchange rates, stressing that the process takes some time, accusing speculators and political parties of exploiting the crisis to reap profits.

(Mnt Goat – the IMF had a solution way back in 2011, re-peg the dinar to a basket of currencies and off the sole peg to the US dollar. Oh you can’ t that because the US would not make billions off it then…lol..lol..lol.. ☹)

 A member of the committee, Representative Ribwar Abdul Rahman, said, “A meeting was held between the Central Bank of Iraq and private banks yesterday; To discuss the issue of the repercussions of the rise in dollar prices in the local markets and to control it.

 And Abdul Rahman continued, “The results have not reached us to the committee until now,” explaining that “the central bank is responsible for pumping larger amounts of hard currency to control the dollar.”

 He pointed out, “A measure was taken last week to increase the sale of the dollar in exchange for Iraqi cash, but this did not help to contain the crisis.”

 Abdel Rahman pointed out, “There is a kind of deficit in the needs of remittances,” stressing that “the cumulative escalation in the exchange rate occurred after the shortage that the market suffered from in the dollar.”

 He noted that “everyone is waiting for the central bank to address this crisis,” expressing his belief that “the central bank needs some time in order to fully control exchange rates.”

 Abdel-Rahman believes that “the next two weeks will witness stability in the exchange rate,” stressing that “the role of the House of Representatives is through enacting laws to unify customs tariffs or forming committees on border crossings and customs, but the issue of the dollar is the prerogative of the Central Bank.”

 Abdel-Rahman concluded, “There are political parties that have taken advantage of the dollar crisis in order to benefit financially, and we look forward to the Central Bank’s procedures finding their way to proper implementation.”

 For his part, economic expert Bassem Jamil Antoine said, “The basis of the problem is linked to the Iraqi economy, which is of a consumer and import nature.”

(NO! This is not the real problem. The problem is not using the IQD to pay for imports and having to resort to using the US dollars and the sole peg to the dollar. That’s the real issue.)

 Antoine continued, “Reliance on imports imposes the existence of the dollar,” and he talked about “mismanagement of the hard currency,” stressing that “the problem started with it.”

 He pointed out that “some of the speculators took advantage of this process in order to raise the price of the dollar,” noting that “the US Federal Bank had suspicions that foreign currency trading was marred by suspicions.”

 Antoine noted, “The American Bank has sent inquiries that include an audit of those who buy dollars in the currency auction.”

And he stressed that “taking the audit for a period of time helped to create a scarcity in hard currency,” adding that “this led to a contraction in supply with an increase in demand.” And Antoine continues, “Iraq does not produce locally, and depends on consumption on 90% of imports, and this means that we need large quantities of dollars in order to buy consumer goods from abroad.”

And he believes that the central bank had no idea of ​​what would happen at the present time, although it is responsible for protecting cash by pumping larger quantities into the markets so that we have more supply than demand and prices have increased with it.

 Antoine went on to say, “This omission is currently being addressed by pumping $138 million into sales, although it was previously $200 million, with other measures to reduce the price of the dollar for import purposes by opening credits.”

 He revealed, “New measures will be taken next week by the Central Bank, as a whole, we will be facing a kind of balance.”

 Antoine accused, “Speculators of exploiting this crisis to achieve large profits,” and advised to “find other outlets to sell the dollar other than the currency auction.”

 Yesterday, the Central Bank took a number of decisions regarding the dollar crisis, including “allowing banks participating in the buying and selling window of foreign currency to buy any amounts in foreign currency and deposit them with this bank in accounts used for external transfer purposes, and pay interest / returns on those balances according to what this bank decides.” .

The bank indicated, according to an official statement, to “facilitating the financing of private sector trade through Iraqi banks and meeting the request for foreign transfers by strengthening the balances of banks with their correspondents in other currencies as well as the US dollar (Chinese yuan, the euro, the Emirati dirham, the Jordanian dinar and others).”

The statement pointed out, to “opening outlets for selling foreign currency in government banks to the public for the purposes of travel (treatment, Hajj Umrah, study, etc.)

 And the statement went on, to reduce the price of selling dollars to the beneficiary (the card holder) that he uses while traveling or paying his purchases via the Internet, to be at a price of (1465) dinars to the dollar instead of (1470) dinars to the dollar. The dollar will be sold to electronic payment companies for the above purpose at a price of (1455) dinars to the dollar instead of (1460) dinars to the dollar.

(You can read behind the lines of this article as the deep state banking cartel is attempting to justify Iraq going on some type of Central Bank Electronic Currency. The most promising fix is not even talked about in this article and we all know what that is, don’t we.)

************************************************************

2022 YEAR RECAP

2022…A DEFINING YEAR IN POLITICAL LIFE IN IRAQ AND OPTIMISM ABOUT “HOPE”

 

Report: Ammar Al-Masoudi

Iraq will leave in 2022, on the impact of many variables, some of which are classified as important amid relative optimism after the birth of a government entitled “Service and Revival of Hope.”

As Iraq bid farewell to 2022, on the shock of the theft of $2.7 billion known as the “theft of the century”, it awaits in the new year a major change in the hierarchy of the political scene, and new electoral challenges.

And the country emerged from “the most sensitive political conditions” after a full year had passed since the early legislative elections in Iraq, and the parties to the political process reached an agreement to form the government headed by Muhammad Shia’ al-Sudani and elect the president of the republic after what became known previously as “political closure.”


The early elections in October 2021 constituted a turning point in Iraq, the fifth since 2003, and the first elections to be held according to the electoral district system in the Iraqi governorates.

The country has never witnessed a constitutional vacuum in this way in 2022 since the establishment of the Iraqi state in the 1920s.


HERE ARE THE MOST PROMINENT POLITICAL EVENTS DURING THIS YEAR:

JANUARY
On January 9, early this year, the oldest parliament speaker, Mahmoud Al-Mashhadani, opened the first session of the House of Representatives after the elections, and its agenda included taking the constitutional oath to the members, and proceeding with the election of a new speaker and two deputies. However, the failure to reach a consensus regarding the deputy speakers of Parliament hindered this several times.


On the same day, Muhammad al-Halbousi was re-elected as Speaker of the new Parliament after obtaining the votes of 200 deputies, compared to 14 votes for his rival, Mahmoud al-Mashhadani, and nullifying 14 votes. 
At the end of the session, Al-Halbousi announced the opening of the door to run for the post of President of the Republic.


In the same month, the House of Representatives received the papers of 26 candidates for the presidency, amid disputes over the position between the Kurdish parties, especially between the Kurdistan Democratic Party led by Massoud Barzani and the Patriotic Union of Kurdistan led by Pavel Talabani, son of the late Iraqi President Jalal Talabani.

Political disputes continued over naming the largest parliamentary bloc that would nominate the prime minister, amid a dispute over: Is it the largest bloc that won the elections or is formed from a group of political blocs in Parliament after its convening.

On January 25, the formation of a new Sunni political alliance (the Sovereignty Coalition) was announced, and it came after the union of the “Taqdam” coalition led by al-Halbousi with the “Azm” coalition headed by Khamis al-Khanjar, whose leadership was agreed upon in the new coalition, which now represents 60 parliamentary seats.

FEBRUARY
On the third of February, the Supreme Court determined the legal quorum required for the number of members of the House of Representatives present during the session to elect the President of the Republic, and decided that “the House of Representatives elects a President of the Republic from among the candidates for the presidency of the Republic by a two-thirds majority of the members of the House, and the quorum is achieved by the presence of two-thirds The total number of the total number of members of the House of Representatives”, which means that 220 deputies must vote to choose the President of the Republic.

On the sixth of February, the Supreme Court suspended the procedures for electing Hoshyar Zebari for the post of President of the Republic temporarily, pending the settlement of a lawsuit regarding his candidacy. 
The decision came on the eve of a parliament session that was dedicated to electing the president, and Zebari, who previously held the positions of Minister of Foreign Affairs and Finance, was one of the most prominent candidates for the position.

A few days later, the Supreme Court issued a decision to permanently exclude Hoshyar Zebari from running for the presidency after he was accused and accused of corruption by political blocs.

On February 17, he announced a new political alliance called (Salvation of a Nation), which included the Sadrist movement, the Sunni Sovereignty Alliance, and the Kurdistan Democratic Party, in an attempt to form the new government, with 183 parliamentary seats (out of 329 seats).

MARCH

On March 23, the Sadrist movement nominated the Iraqi ambassador in London, Muhammad Jaafar al-Sadr, to take over as prime minister, while the Kurdistan Democratic Party nominated Rabir Ahmed for the presidency, and this came on the eve of a parliament session, where the “Saving a Homeland” coalition was determined to form a national majority government.

On March 26, the House of Representatives failed to complete its quorum to vote on the presidential candidates due to the continuing political differences and the inability of the tripartite alliance to mobilize 220 deputies to choose the president, a condition confirmed by the Supreme Court.

On March 31, the leader of the Sadrist movement gave the Coordination Framework Coalition 40 days to form the government without his participation in it, while allowing the blocs allied with him (the Sovereignty and the Democratic Party) to consult with the Coordination Framework.

APRIL
On the 8th of April, the head of the National Wisdom Movement, Mr. Al-Hakim, presented a political initiative of 9 points to get out of the political impasse.

MAY 
On May 4, the coordination framework put forward an initiative to end the political deadlock, which included that the independent political blocs undertake to nominate a prime minister, provided that the Kurdish parties agree to nominate one candidate for the president of the republic.

On the ninth of May, the 40-day deadline granted by the Sadrist movement to the coordination framework for forming the government expired without any breakthrough.

JUNE
On June 13, the Sadrist movement announced the withdrawal of its deputies from Parliament, and they all submitted their resignations, which was immediately accepted by Parliament Speaker Muhammad al-Halbousi.

On June 20, the leader of the Sadrist movement rejected an initiative put forward by political blocs within the Coordination Framework coalition to persuade him to reverse the resignation of his deputies.

On June 23, the House of Representatives witnessed the swearing-in of the constitutional oath of representatives representing the Sadrist movement, which made the coordination framework the largest parliamentary bloc.

JULY 
On July 25, the Coordination Framework announced the nomination of MP Muhammad Shia’ al-Sudani for the post of prime minister of the Iraqi government.

On the 27th of the same month, supporters of the Sadrist movement stormed the Iraqi Parliament inside the Green Zone, in protest against Al-Sudani’s nomination to head the government.


On July 30, due to a sit-in by al-Sadr’s supporters, Parliament Speaker Muhammad al-Halbousi announced the suspension of sessions until further notice.

On July 31, the Coordination Framework called on its supporters to hold anti-Sadr demonstrations around the Green Zone.

And the Sadrist movement’s supporters continued to sit inside the House of Representatives in the Green Zone during August, amid the crisis in the political scene.

On the 28th and 29th of the same month, violent clashes broke out between armed groups inside the Green Zone, and led to many deaths and injuries, as Sadrist supporters stormed the presidential palace.

AUGUST

On August 30, supporters of the movement withdrew from the Green Zone at the invitation of Sayyid Muqtada al-Sadr, and the latter announced his final retirement from politics.

SEPTEMBER 
On the seventh of September, the Supreme Court dismissed the lawsuit to dissolve the Iraqi, after a group of deputies and activists filed a lawsuit in this regard.

On September 26, Parliament Speaker Muhammad al-Halbousi submitted his resignation from parliament.

On September 28, the Iraqi parliament rejected the resignation of its speaker by a vote of 220 out of a total of 235 who attended the session, which was considered the first after the parliament sessions were suspended following the storming of the Sadrist movement’s supporters in July.

On September 28, the Coordination Framework announced the formation of the State Administration Coalition, which it confirmed includes all Shiite, Sunni, and Kurdish forces, with the exception of the Sadrist movement.

OCTOBER… a political breakthrough
On the 13th of the month, Parliament elected Abd al-Latif Rashid (78 years old) as president after marathon negotiations between the two main Kurdish parties, so that the conflict over the position, which was the political custom in force in the country, was decided to be the share of the Kurdish forces, through victory by votes. Parliament representatives.

Rashid competed in two rounds of elections in parliament with former President Barham Salih, who sought a second term with the support of his party, the Patriotic Union of Kurdistan, amid the almost complete absence of 30 other candidates after the withdrawal of the Democratic Party candidate, Riber Ahmed, and the former ambassador. In the State of Qatar Omar Al-Barzanji from the race about two hours before the start of the session.

Rashid took the constitutional oath as President of the Republic of Iraq, to ​​be the sixth president of the country after 2003, and directly assign the coordination framework candidate, Muhammad Shia’a al-Sudani, to form the government.

On October 27, parliament approved by a majority the new government headed by al-Sudani, ending a political stalemate that lasted more than a year.


Parliament approved the Sudanese choices for the members of his government, which includes 21 ministers, while the vote on two ministries {construction, housing and environment} was postponed.

NOVEMBER.. extensive government changes 
On the first of the month, the Council of Ministers voted to cancel all customs orders issued after 10/8/2021. The decision includes the appointment of the governors of Najaf and Dhi Qar, the head of the intelligence service and many officials.

On November 3, the government reassigned, and after only two days, some of those against whom orders to terminate their assignments had been issued.


On November 5, Al-Sudani decided to personally manage the intelligence service from a lower position, succeeding Raed Jouhi.


On the 13th of the month, Al-Sudani completed the assignment of Alaa Al-Saadi to head the Integrity Commission, and assigned Haidar Hanoun as his successor.


On November 16, the Prime Minister directed the formation of the “Higher Commission for Combating Corruption” and its supporting team, led by Abu Ali Al-Basri, with unconventional mechanisms to speed up the confrontation of major corruption files and the recovery of those wanted in corruption cases and the abused public funds.


On November 21, Al-Sudani visited the Jordanian capital, Amman, in his first official visit since he took office.

On November 27, Al-Sudani announced the recovery of 182.7 billion dinars, the first meal out of an amount of (1.681270) trillion dinars from the accused, Nour Zuhair Jassim, in the “theft of the century” case.

On November 30, the Supreme Commission for Combating Corruption arrested the former head of the Parliamentary Finance Committee, Haitham Al-Jubouri, on charges of inflated funds and illegal gain, with reports related to the theft of the century.

On the same day, Al-Sudani concluded his visit to Iran, which lasted for two days, in his second foreign tour, during which he met with the Supreme Leader of the Islamic Republic, the Iranian President, and senior leaders and officials in the country, and dealt with several files.

DECEMBER

On the third of December,
the House of Representatives voted to give its confidence to Nizar Muhammad Saeed Namidi, Minister of Environment, and to Bankin Abdullah Rikani, Minister of Construction, Housing, Municipalities, and Public Works, to complete the Sudanese government, and no ministerial portfolio would be administered by proxy.

On December 7, the supreme religious authority, Grand Ayatollah Imam Sayyid Ali al-Sistani, received Miguel Angel Moratinos, Under-Secretary-General of the United Nations, Antonio Guterres, in his office in Najaf, who is in charge of developing the plan of action for the International Organization for the Protection of Religious Sites.


Imam al-Sistani indicated during the meeting, according to a statement by the office of the reference The Supreme Council “due to the tragedies suffered by many peoples and ethnic and social groups in many parts of the world – as a result of the intellectual and religious persecution practiced against them, the suppression of basic freedoms and the absence of social justice.”


He pointed out that these tragedies “have a role in the emergence of some extremist movements that use blind violence against unarmed civilians and attack religious centers and archaeological sites of others who differ with them in thought or belief.” 


Imam al-Sistani stressed “the need to address the background of these phenomena, which are rejected and condemned in all circumstances, and to work hard to achieve a degree of justice and tranquility in various societies befitting human dignity as God Almighty wanted it, which contributes to reducing the atmosphere conducive to the spread of extremist ideas.”

On the eighth of December, Al-Sudani participated at the head of an official government delegation; At the Arab-Chinese Summit, which was hosted by the Saudi capital, Riyadh.


On December 19, Imam al-Sistani received the head of the United Nations investigation team into ISIS crimes {Christian Richer} to promote accountability for crimes committed by ISIS in Iraq and elsewhere (UNITAD)

The Supreme Reference stressed to the UN delegation the necessity of observing full justice in all measures taken to hold ISIS members accountable and hold them accountable for the crimes they committed against the Iraqis, especially the crimes of murder, captivity, rape, and the destruction of Iraqi antiquities.


In captivity of the terrorist organization in Syria, and take effective steps in redressing its victims, especially the displaced and refugees.

On the 20th of the month, Prime Minister Muhammad Shia al-Sudani represented Iraq at the second Baghdad Conference for Cooperation and Partnership in Jordan, with the participation of the two new members, the Sultanate of Oman and Bahrain, along with the UAE, Egypt, Saudi Arabia, Qatar, Turkey, Iran, Iraq and France.

The closing statement of the summit affirmed that the participating countries stand by Iraq to face all challenges, including terrorism.


The participants stressed their support for Iraq’s efforts to achieve comprehensive development and work to build economic integration and cooperation with it in many sectors, including energy, water, electrical interconnection, food and health security, transportation, infrastructure projects and climate protection.

*************************************************************

Articles End

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,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: