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Disclaimer: All information in this newsletter is not intended for investment decisions / purposes. Mnt Goat is not a financial analyst, planner, banker, attorney or associated in any role with giving out professional investment advice.
ABOUT THE NEWSLETTER:
July 7, 2026 Mnt Goat News Brief
Guten Tag everyone:
Today’s news is all about three main topics that are important to understand why the reinstatement has not moved yet. Is it planned? Could we see it in 2026?
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Proverbs 11:25
“A generous person will prosper;
whoever refreshes others will be refreshed.”
STATUS OF THE RV
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I will say no more…… PLEASE HELP OUT!
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Today’s news spans a week and there are three main topics that seem to surface. I really, really, really try to summarize as much as possible because I know everyone is busy. I always try to keep my STATUS OF THE RV as short as possible but to truly learn what is going on and why the RV is held up takes knowledge and understanding. There is a lot going on here. When this RV does happen many will be super rich and others will just pay off some bills. That is up to you. That is what my blog is all about. It is not about a short one or two sentences about a weekly date and a rate or bank screens. I will leave that nonsense to TNT Tony and his derelict brother Ray on their conference calls. I would only hope me readers have much more intellect that that.
They are as follows:
Reshaping its relationship with Iran:
Check out the article titled “IS IRAQ MOVING TOWARDS RESHAPING ITS RELATIONSHIP WITH IRAN?”
Political expert Ahmed Ramadan confirmed that Iraq is facing a pivotal stage, predicting that the country will witness broad security, political and economic transformations in the coming period, in light of the rapid changes taking place in the region. Ramadan said in a post followed by “Al-Sa’a” that “the relationship between Iraq and Iran is likely to be reformulated,” stressing that “the relationship should be between two states, and not between the Iranian Revolutionary Guard and the Popular Mobilization Forces,” in reference to the need for official relations to be managed through state institutions.
What is al-Zaidi doing to combat the factions and militias inside Iraq? See the article titled “THE GOVERNMENT GIVES THE FACTS UNTIL SEPTEMBER 30 TO HAND OVER THEIR WEAPONS.” We should bear in mind that most of the milias have already disarmed and turned over their weapons. They are being absorbed into the regular Iraqi armed forces or allowed to return to Iran. This article is talking mostly about the radical factions (facts). The Iraqi government announced on Monday that it will give groups close to Tehran until September 30 to hand over their weapons to the state, which coincides with the end of the international coalition’s mission.
Government spokesman Haider al-Aboudi said in his weekly press conference that “all armed groups have been informed of a specific date that represents the end of this file (…) which is September 30, the date on which the presence of the international coalition also ends.” He added, “After this date, all weapons outside the framework of the state will be subject to legal action.”
In this video of Wilson’s speech titled “JOE WILSON CALLS FOR IRANIAN-BACKED IRAQI ‘KLEPTOCRATS’ AND MILITIAS TO BE DESIGNATED AS TERRORISTS” the RED flag was raised about these terrorists inside Iraq and believed to have infiltrated into govt positions. Folks, this was a year ago under the Trump administration. Why didn’t the Biden administration do this? Why not under president Obama? Instead with Obama his intelligence told him this was occurring yet in 2011 he pulled all US troops out of Iraq. Why? Note how Wilson mentions Nouri al-Maliki. Please play this again and again and listen carefully to every word. It is so nice to see this Iranian influence finally being challenged and now dealt with both in Iraq and in Iran.
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Reshaping its relationship with the USA:
In the article titled “ON THE WAY TO AMERICA” we learn that the visit of the Prime Minister to the United States of America is approaching, in response to an official invitation from the US President. The Iraqi delegation is scheduled to head to Washington in mid-July, in an important political and economic stop that is being anticipated by both government circles and business circles.
In this article diplomats discuss Iraqi-American relations. It is titled “DIPLOMATS DISCUSS IRAQI-AMERICAN RELATIONS”.
Last Saturday, the Bahr al-Uloom Forum for Dialogue held a forward-looking intellectual seminar entitled “Iraqi-American Relations: From Crisis Management to Building Interests.” This coincided with the Prime Minister’s official visit to Washington and was attended by the Iraqi government spokesperson, Haider al-Aboudi, and a select group of decision-makers, diplomats, academics, and representatives from think tanks.
Yes, the corruption cleanup has begun in Iraq. We are witnessing it in the news. Let’s hope the momentum continues and does not die. Let’s also hope EVERY LAST ONE of the corrupt are arrested and prosecuted. This one is titled “NEW NAMES ON THE LIST OF THOSE WHOSE IMMUNITY IS TO BE LIFTED… WILL “OPERATION DAWN” DISRUPT PARLIAMENTARY SESSIONS?”
MP Duha Laibi Al-Bahadli made a surprise announcement today, Sunday, regarding the possibility of introducing a new package to lift the immunity of MPs facing serious accusations related to corruption cases, indicating that the upcoming session may witness the approval of strict legal measures against the accused in preparation for bringing them to justice. Al-Bahadli told Al-Maalomah that “Parliament will dedicate a key part of tomorrow’s session, Monday, to discussing the recent government measures related to suspicions of corruption, in parallel with the scheduled agenda.”
IF they can pull this one off, this is when they will go after Nouri al-Maliki….
Operation ‘Dawn Charge’:
Just recently the integrity commission along with the security forces inside Iraq conducted a huge sting operation called ‘Dawn Charge’. This has got Trump written all over it…… You can read all about it in much more detail in this article I mentioned above. In the article we find that “the principle of accountability will be applied seriously, away from partisan interventions or pressures.” The MP revealed the “features of the upcoming government plan,” stressing that “the ‘Dawn Charge’ campaign is on its way, and the second phase of the campaign is about to begin, and it is expected to include a new list of prominent names accused of plundering national wealth.”
Folks I included these articles combating corruption under the heading of reshaping the relationship with the USA because this is exactly what these efforts are going to do and are doing. Remember that president Trump is BIG in cleaning out corruption and corrupt officials. To move Iraq ahead this is a necessity. It is only through the economic hitman Tom Barrack that this movement is now making a dent in the corruption in Iraq. In fact the end result may very well be much more than just a dent but an entire new paradigm for Iraq and how it will conduct business and politics. This could be the start of the ‘economic revolution’ they talked about in previous articles I presented to you.
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Attracting foreign investors to grow the economy:
😊Take a peek at this article titled “PRIME MINISTER’S ADVISOR: IRAQ SUCCEEDS IN SECURING ITS FIRST INTERNATIONAL FINANCING WITH A SOVEREIGN GUARANTEE TO SUPPORT THE PRIVATE SECTOR”
The advisor to the Prime Minister, Saleh Mahoud Salman, announced today, Thursday, the completion of the first international financing transaction for an Iraqi private sector project with an Iraqi sovereign guarantee. This was achieved in cooperation with the German institution AKA Ausfuhrkredit-Gesellschaft mbH, and in partnership with the German Commerzbank. This step is considered a significant accomplishment within the government’s efforts to support economic reform and enhance the confidence of international financial institutions in the Iraqi economy.
😊Take a peek at this article “NISSAN INCLUDES NAJAF IN ITS GLOBAL PLAN AND PROUDLY CONSIDERS IRAQ A PRIORITY IN THE MIDDLE EAST.”
Independent/-Nissan confirmed that the Iraqi market is a priority within its Middle East strategy and global plan, noting that it continues to enhance its growth in Iraq “with full confidence” after opening a new branch in Najaf. Al-Sour Company, the exclusive agent for Nissan cars in Iraq, said in a statement that it “opened a branch in Najaf in response to the growing demand for Nissan cars from customers in Iraq.”
😊How about this recent article titled “OMODA AND JAIKO”: IRAQIS ARE EXPERIENCING GROWTH BY INTERNATIONAL STANDARDS AND DESERVE ADVANCED CARS THAT ARE SUBJECT TO STRICT OVERSIGHT.”
Omoda and Jaeco Motors affirmed their confidence in the Iraqi market, noting that Iraqis are experiencing growth by international standards and deserve advanced cars that are subject to strict oversight, while pledging to provide after-sales services, smart technologies, and an advanced experience that meets the aspirations of customers in global markets.
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SUMMARY
I want to caution many on a lot of the negativity now about this investment. We must remember we haven’t waited 23 years to sell our dinar now and a couple more things.
First, we don’t control the reinstatement.
Second, we all should know by now that the Iraqi dinar is being artificially suppressed and its real value, if it were to be restated to FOREX today, would be/should be much higher than 1/6 of a penny. So, why have they not yet reinstated it?
Third, by now you have to be a moron or an idiot not to understand that there are elements that do not want Iraq to flourish. Instead it has become a situation of massive corruption in many directions that is sucking the life out of Iraq.
Forth, we must follow the news from Iraq and if we do we can see that a new Iraq is on the horizon. No, not decades or years from now. So, we have to wait a bit longer but the inevitable will happen and it has to happen.
There are many more reasons for withholding the return of the IQD to FOREX. If you have been in this investment, even for a few years, you have witnessed the corruption and now in today’s news we see it again. We see a huge surge of arrests under the new prime minister al-Zaidi and much of the stolen funds that are to be repatriated. But what is behind all this?
These are mostly Iraqi government officials that could not be previously touched. Will they now finally go after Nouri al-Maliki and his gang? There are many others too. How about this other gang of Iranian thugs making up the Coordination Framework? Is the so-called largest block even being determined by the real intent of the new Iraq constitution? Have they been doing elections all wrong all this time? These are all issues coming to the forefront.
The recent efforts in Iraq to combat this corruption are stemming from the efforts of the newest envoy to Iraq, Tom Barrack (economic hitman) working in tandem with the new prime minister. I believe what it really taking shape in Iraq is a major wakeup call with a multi-faceted approach where the proverbial ‘hammer’ of Washington is telling Iraq enough is enough and this has been going on way too long already with Iran.
I believe also this is all part of the Washington takedown of the Iranian regime as you can’t disconnect what Iran has been doing to Iraq. It is too bad many of the Iraqis can’t see it or do they see it and are afraid to do anything about due to the Iranian militias and factions working inside Iraq? This recent funeral procession with the body of the dead Mojtaba Khamenei paraded thru the streets shows us everything of what is going on. If I were al-Zaidi I would have prohibited this show. Would the US take its dead politicians to other countries for them to morn over? What is going on here? See article titled “QANI: THE FUNERAL PROCESSION OF THE SUPREME LEADER IN IRAQ WILL MAKE OUR PEOPLE’S GRIP STRONGER IN THE FACE OF AMERICAN MACHINATIONS.”
This one really, really gets my goat and is shocking to me!!!!!
The commander of the Quds Force in Iran’s Islamic Revolutionary Guard Corps, Esmail Qaani, commented on the funeral of Iranian Supreme Leader Ali Khamenei in Iraq.
Qaani stated that “the funeral of the leader and the extensive preparations made by Iraq for this historic event demonstrate the depth of the ties between our two nations.”
Yes, they make martyrs out of these extremist terrorist leaders that have killed hundred of thousands, upset the middle east, bombed Israel and rape and pillage their proxy states. These are martyrs? Martyrs for what cause? Is it instability, raping, murdering and stealing? Is this what they represent? It certainly is not any values or morals of my God.
The Islamic Jahad is a satanic-like cult. These are a bunch of brainwashed evil bastards! Sorry for my French…. lol..lol..lol.. First we see them are going after the Jews and they told us the Christians are next.
So, this tells us the level of efforts that Iran will make to try to enforce their close ties between their ‘beloved puppet-proxy state’ of Iraq. Of course, Iran loves Iraq as Iraq supported it through the sanctions with trillions of US dollars putting its own nation under jeopardy and at risk. But why? What kind of leaders had been running Iraq to do such a thing? When will the Iraqi people wake up and break off these kind of ties with Iran.
Working together with clarity and expertise from Washington Iraq through al-Zaidi are the Iraqi judiciary and the GOI to clean it up. Yes, the ultimatum has been given to Iraq from Washington. The US does have leverage and holds all the cards when it comes to Iraq. There are no more chances. Iraq has already recently tasted a bit of what it would be like to be back in sanctions, only perhaps next time even more severe. Yes, the US does mean business under President Trump. Iraq has been a proxy funneling money to Iran in detriment to the forward movement of real progress in Iraq. Iran is like a leach to any nation it infiltrates. That is all proxy countries mean to them and Iraq is learning this concept the hard way.
Remember this slide from one of my former past presentations?
So, who do you think is actually winning this battle?
Who is outwitting who?
Who is laying in the coffin for the funeral procession?
This process of dismantling the Islamic Jehad may be slower than most want but the takedown of the Iranian regime is being methodically dismantled. To say it would take just a few weeks is of course a miscalculation. But I don’t think it will take years either, so don’t go off half-cocked.
We must not forget that Iran was once considered the Paris of the middle east, a progressive, peaceful nation. Then the revolution started in 1977 in Iran but this anti-Jew campaign by the Muslims against Isael had already begun much earlier and was apparent as far back as 1972 with the Israeli massacre at the Olympics.
Then on February 11, 1979, the Imperial Iranian Army formally revoked its allegiance to the Shah, marking the end of the Pahlavi dynasty and the beginning of Iran’s theocratic Islamic republic. In reality today Iran expands its influence by supporting these terrorist organizations like Hamas and Hezbollah. We can see how they have moved into Lebanon and Iraq. If you were around back in the seventies, you can see this is when all the trouble began from the middle east. The oil embargos of the seventies, the slow progression of these terrorist groups movement throughout the middle east and how it has now even infiltrated our western countries with these open border policies orchestrated by the recent UN Agenda 2030 policies. We must sit down and ask ourselves what is really going on here.
There is a definite pattern here with the Islamic Jehad and it is scary as it resembles much of the tactics of the Hitler Nazi regime in the thirties and forties and WWII. Oh… they are trying desperately to erase these truths but don’t be fooled. I firmly believe that the Ayatollah of Iran knew very well these history lessons of WWII and used them to his advantage. Hitler, like the Ayatollahs of Iran, swept through almost all of Europe taking the treasures of the nations for his own, then instituting his own Nazi government officials in place essentially making them proxy states of Germany. Of course, Iran is being now stopped, as Hitler was eventually stopped. But just think if this Islamic revolutionary takeover of countries were to continue what it could amount to. Iraq was literally one election away from being a permanent proxy (satellite) state of Iran. Did we fight the 2003 war so Iran could have all the spoils or to free its people?
In the recent news we hear many contradicting statements about president Trump’s handling of Iran. Many say he should be more forceful; others want quick peace at any cost. You can’t have it both ways. People are scared that Trump is not aggressive enough. They want this ordeal done and over. However, to avoid a ground war with Iran, which most Americans also don’t have a stomach for, this becomes a delicate situation. It is also an election year. I believe that in this point of time, only president Trump can manifest any real progress in making lasting peace in the middle east and perhaps molding Iraq too to complete requirements to satisfy moving back to FOREX. But any drastic move on Iran, I believe, will have to wait until after the November elections.
Remember that true lasting peace does not come from short-term passivity. It never does as we witnessed this with Hitler during WWII. You can only placate your enemies for period of time. Eventually they will be at your front door and so we are now seeing a surge already of Musim influence with terrorist cells throughout our nations. Oh… these stupid politicians use the excuse of America’s long standing tradition of immigration and freedom of religion against us to maneuver their way into our nations. Why are we letting this happen? Did we not learn from history? It was through former presidents who did little to nothing or did not have the will power or leadership to resolve this global terrorist issue. Oh… as far as I know no one declared this ‘War On Terrorism’ as being over, did they?
I have been telling everyone for years that this Iranian proxy status in Iraq must end and Iran must be taken down and we would not see the RV until this happens. Are these just bold statements of the TRUTH? Now it is happening and the takedown is underway. We all should be very happy for this situation not gloomy. We must support with what Washington is now doing in the middle east.
Folks, all you need to do is study Iraq’s last election cycle to see just how very close they came to a full-blown Iranian proxy state. It was literally just an election away with the nomination of Nouri al-Maliki for prime minister by the Coordination Framework. This election exposed just who they really are what they desired for Iraq. Remember that Maliki came out and made anti-American statements about supporting the Iranian militias and factions inside Iraq. You can’t take the words back. Now he claims he supports the disarming. Do you see how this guy thinks. He moves to what ever side has the advantage. He has no real convictions, morals or values. Fortunately for Iraq and our investment too, Washington finally stepped in and developed a new strategy for the middle east, for Iraq and are now implementing it. It has no room for politicians like Maliki.
I am writing all this to you today so you can not give up on this investment in the Iraqi dinar. I have to tell you something important. Yes, at times I too had my doubts. But there were two main events that assured me of success in this investment:
The first was learning about the Dr Shabibi plan in 2011 and how they planned to get back to FOREX.
The second event was the two prophecies told to Kim Clement and God does not lie. Both of these events we now are witnessing coming to reality. It may have taken a bit longer than we expected but there are some very dark elements effecting this investment and I think you know EXACTLY what I am talking about, don’t’ you?
There is a plan for Iraq and Washington is not going to let it just fade away in to oblivion. There is just too much money to be made by American investors in Iraq when they do realize their full potential. In reaching this ‘full’ potential they will have to revalue the dinar and move back to FOREX. It is forgone conclusion not a speculative idea. But again we keep asking when will this FOREX move happen?
The signs of this move to FOREX are all around us. We read about it in the White Paper and how they planned to reform the three financial sectors. Do you remember all this?
😊 They are telling us there is still some work to be done with the banking sector such as consolidate and eliminate many of the banks in Iraq. See article titled “GOVERNMENT PLAN TO RESTRUCTURE AND REDUCE THE NUMBER OF BANKS”
The Iraqi government is accelerating its steps to restructure the banking sector, as part of a reform plan that extends over the next two years, aimed at building a banking system more integrated with the global financial system, coinciding with the resumption by the United States of dollar shipments to Iraq after a hiatus of several months.
😊 If that article above was not exciting enough take a peak at this one titled “FROM THE TOP OF THE US TREASURY DEPARTMENT TO THE KURDISTAN REGIONAL BANK: A NEW ROADMAP TO BOOST BANKING CONFIDENCE AND ATTRACT INVESTMENT”
The Kurdistan Regional Commercial Bank (RTB) is holding its first meeting of its new board of directors. With this move, the bank will become the first local bank in Iraq and the Kurdistan Region of Iraq to implement an international governance system, a step that is expected to boost banking confidence in the region.
Electronic Banking up north in Kurdistan is just starting to take hold and citizens using it. In today’s news we hear of some WONDERFUL news about a new law to be shortly voted on in parliament to enforce a set of new rules concerning the currency outside the banking sector. Oh…. is this also one of the five (5) issue we were told had to be fixed prior to any reinstatement. So let address this today and see what this new law has instore for Iraq. The article is titled “
As we previously learned this makes up nearly 70-80% of all the currency. Yes, it is unbelievable that this much of the monetary mass is horded, stashed or stored outside of the banks. We learned this money is needed for bank liquidity. This will also generate a new source of revenue for the banks besides the currency auction spreads on the dinar as more money can be loaned out for businesses and personal use thus move through the economy. Today we learn about just some of this currency outside the banking system. The US Treasury is now helping to track down this money and where it is in the article titled “THE US TREASURY IS TRACKING $300 BILLION OUTSIDE THE IRAQI BANKING SYSTEM.”
Informed sources revealed to Al-Mustaqilla information described as serious, indicating that the US Treasury informed the government of Ali al-Zaidi of the existence of sums of money estimated at about $300,000,000,000 believed to have left the official banking system. According to the source, these funds are suspected to still be outside banking channels, specifically with certain political figures, away from direct financial oversight.
Remember that the hard currency that we hold is included in this amount of 80%. They will have to come get it from us too. There is no way of getting around this if they truly want to resolve this issue.
😊 In the article titled “TO COMBAT WASTE AND CORRUPTION: THE LAW FOR THE PROTECTION OF CURRENCY ISSUANCE IN IRAQ” we learn that Iraq has a newly proposed law to deal with this currency outside the banking sector with the hopes it will cause concern and bring in these stashes. This is one of those jaw-dropping WOW! WOW! WOW! articles. You will see it too once you read the full article. I encourage everyone to do read it. Is this the solution?
According to official statements issued by the Central Bank of Iraq, the total volume of Iraqi currency in circulation is 100 trillion dinars. Based on relevant statements and analyses, 70% (they previously told us 80%) of this currency is not circulating within the national banking sector (both public and private) and is hoarded by individuals and companies for various purposes. The presence of cash outside the banking system has numerous negative consequences and risks for the economy.
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😊In the article titled “THE HOUSE OF REPRESENTATIVES CONCLUDES THE FIRST READING OF THE PROPOSED LAW ON COMBATING INFORMATION TECHNOLOGY CRIMES” we learn that the new session of parliament has begun. We will soon get the Oil and Gas Law they promised us was a high priority? Any other laws needed for investors required by the WTO?
The Iraqi parliament convened its first session of the second legislative term on Monday,6 July 2026, under the chairmanship of parliament speaker, Haibat al-Halbousi. According to a statement issued by the parliament’s Media Office, the session included the first reading of two bills: the Combating Cybercrimes Bill and the First Amendment to the Law on the Care of Minors. In a separate statement, the Media Office announced that the parliament’s next session will be held on Thursday, 9 July, at 1:00 p.m.
Let’s keep our prayers alive. There is a deep spiritual dimension at work today bringing about this reset. I believe we are closer than ever for the dinar to get reinstated. But first things first. Part of the mess in the US must be cleaned up too. Then certain laws in Iraq must be passed. Certainly, reviving the economy to at least 45%-50% non-oil revenues could make a huge difference for Iraq and the IMF. Let’s also let the Abraham Accords take effect as more Arab countries join in. By now everyone should be fully aware of these events that caused delays in the currency reform process. This is not rocket science to understand. We are not in control over these obstacles. We need to STOP spreading rumors and over speculating.
What do you think will happen next? (Leave a comment)
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Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!
These prophecies are an important tool we have to lead us on our path. They are more important now than ever. They give us the strength, perseverance and hope that a better time is coming and that God’s Hand is at work behind the scenes. If you just take a second even to look around you at these past three election cycles, how can you deny that God is at work? Are you sleeping or what?
It is amazing and there is no other way that these events could have happened the way they turned out. But there is more to come, much, much more, I assure you! Now that God has his biblical David re-elected, we need to pay attention to what He does next.
NOTE: These prophecies just keep getting better and better, giving us HOPE of a brighter future. But the real reason why I listen to them is that we can actually see what God says He will do is taking place right in front of our noses. It is a confirmation to me that God is real and is still with us forever just as in biblical times.
Prophetic Words from the prophets: Julie Green
“Events In 2026 Will Intensify”
Go to 13:15 mark. First one from June 27th
I believe we may already be seeing the SHIFT of government in Iraq under al-Zaidi as in the US under Trump helping. Remember that God said it may seem hopeless at times, as we witnessed in the Iraqi elections, but he says don’t give up as he will bring justice. Did Maliki finally get ousted out of the nomination? Didn’t a much better nominee take his place? See how everything can change in a day. Al-Zaidi came out of nowhere….
In Matthew 18:18, Jesus says: “Truly I tell you, whatever you bind on earth will be bound in heaven, and whatever you loose on earth will be loosed in heaven.” This statement is part of a teaching to His disciples about authority, judgment, and forgiveness in the Christian community.
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“The United States Was Being Sold Piece By Piece ”
Go to 17:04 mark. Second one from June 27th.
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“Great Destruction Is Coming For Your Enemies”
Go to 13:52 mark in video. From July 2nd.
PERSPECTIVES ON THE IRAQI DINAR PROPHECIES
Fr. DON BOSCO EXPOSED THE DARK SECRET BEHIND ISLAM
I keep this one out here to view. Everyone should take the time to watch it. It will awaken you about the Muslim so-called religion (or should we call it for it is — a cult.)
— And the Truth the World Forgot about the so-called Muslim religion. Fr.Don Bosco, also known as John Bosco, was an Italian Catholic priest and educator, born on August 16, 1815. He founded the Salesian Society in 1859 to help disadvantaged youth, particularly boys, through education and community service. His teachings emphasized lovekindness, and the importance of education for young people, making him a beloved figure in Catholicism and a patron saint of youth. Don Bosco was canonized in 1934.
PRESIDENT TRUMP DELIVERS REMARKS AT AMERICA 250 EVENT IN DAKOTA
ACCORDING TO BILL CLINTON: “WHAT TRUMP SAID AT MOUNT RUSHMORE SHOULD WORRY EVERY AMERICAN!” Really?
Who cares what this Clinton has to say? I am only presenting this video to you today so you can see once again how hypocritical these democrats can be. You can hear it from his own mouth not mine. On one hand Clinton says that Trump turned a wonderful patriotic speech into something political, then what does he do? He turns his speech political and uses the opportunity again to talk about Trumps convictions that the 2020 election was rigged and fraudulent. The evidence is overwhelming. He talks about the courts and how they are part of the constitutional and democratic process. Really? Just look at how they rigged over 30 indictments on Trump to get rid of him so he couldn’t have another term. Then also when the Republicans challenged the voter fraud did any of the courts honestly look at the evidence and want to investigate further or overturn their election results? Oh… again I will also mention the ballot box stuffings and the fraudulent absentee ballots. Who put these ballot boxes outside town halls anyhow and what was the real purpose for them? Am I Just imagining all this? Do we really have an honest court system even anymore? Oh… Billy boy you are wrong again. Stop with the patriotic speeches. We are all sick and tired of your form of constitutionality and democracy! ☹
Clinton is still in denial. He still supports the four (4) bad years of the Biden, even though there is evidence that this was an actor playing the part of the president. Now remember its not unusual to use body-doubles or look-alike actors for security reasons. They can’t confirm it for security reasons so its touching subject around the Secret Service. But there is a red line that must be drawn and not crossed when using these actors. With Joe Biden it was crossed since the actor took the oath of office in January 2021 not the real Biden, then he began running the executive branch with former president Obama behind the scenes. We know the only way the actor could have possibly been elected is through a fraudulent election. The actor even signed executive orders. Then later they used the autopen. What the democrats didn’t count on was the level of the mental decline of the actor. Who else could they put in this position that would go along with their Marxist plan?
Remember also that most American never really paid much attention to Joe Biden anyway until during the election and afterwords, thus the actor or actors are the only one representation of Joe Biden they ever witnessed. So, it is very plausible they could accept him as the real Joe.
If you notice the democrats always use the opportunity to bash president Trump for challenging the 2020 elections as fraudulent. Clinton in this recent speech is even doing it again. Why I ask, if the election was not fraudulent, would they always go to such measures to do this or even care so much? It is because they know the truth and they are just waiting for this treasonous scandal to come out. They know Trump has irrefutable facts about what occurred. President Trump is just going to pick his time to do it. Are we getting close to this time?
Seems the democrats think that if Americans hears his lies over and over again, they will begin to believe it. Also, he speaks as the biggest liar we have had in the Whitehouse probably ever, and so go figure!
But we all know this divisive speech today by Clinton goes much deeper than this. The entire corporate America and visions of a global governance is being torn apart and with it the democrat and republican rigged politics that have gone on way too long already. This is the real reason why Clinton had to make such a divisive speech. Talk about disunity…… if the shoe fits, wear it.
A divisive person is an individual whose words, actions, or behavior often lead to disunity or dissension within a group, community, or organization (Merriam-Webster) Merriam-Webster. Such a person can cause people to split into opposing camps, generating tension, argument, or hostility (Oxford Advanced Learner’s Dictionary) Oxford Learner’s Dictionaries. For example, a political leader who consistently takes extreme positions that polarize supporters and opponents may be considered divisive (Collins Dictionary) Collins Online Dictionary.
Divisive individuals are often associated with controversial topics or actions that provoke strong reactions, making consensus or cooperation difficult (Cambridge Dictionary)
THE SYSTEM BRITAIN STOLE FROM THE US AND TRUMP IS TAKING BACK
THE REAL REASON IRAN CAME RUNNING TO NEGOTIATE
BIRTHRIGHT CITIZENSHIP:
WHAT DOES CITIZENSHIP MEAN? IS THERE ANYTHING THAT CONGRESS CAN DO?
BIRTHRIGHT CITIZENSHIP: RECENT SUPREME COURT RULING OVER BORN CITIZENSHIP OF CHILDREN FROM ILLEGAL IMMIGRANTS
Let’s explore more closely what the Supreme Court just ruled on and what they used for the basis of the decision. Pay attention to what will happened to two (2) supreme judges per recent prophecies. I present this o you will know and understand why God will do what will happen to these judges. Remember Mark Levin is a constitutional expert and was an advisor to past president.
It is VERY important to understand what this recent supreme court argument means. Remember they do not make laws only argue constitutionality of proposed laws, enacted laws or issues that the country may be pushing to make a law, prior. So, today before we go off half-cocked on this issue lets first know the FACTS.
WHAT DOES THE NATIONAL SECURITY SECRETARY ON TRUMPS CABINET HAVE TO SAY ABOUT THIS ISSUE:
WHAT DOES MARK LEVIN, A CONSTUTIONAL SCHOLAR, HAVE TO SAY ABOUT THIS ISSUE?
BIG OIL: GASOLENE AT THE PUMP STILL AT OVER $2.25 A GALLON. WHY?
No, this is not just another conspiracy theory! President Trump says the price of gas at the pump does not match the market. What’s going on here. He says if you do the math gasolene should be $2.25 at the pump. Oil if now flowing at 19 million barrels per day. There is no shortage of oil. The oil cartel continues to gouge Americans.
THE 100 YEAR HISTORY OF ‘WOKENESS’ (IN 15 MINUTES)
I have created a brand-new “Post RV Workshop” page in the blog. I included my own personal tips on investing post-RV and also organizing and protecting your estate. Here is the LINK. Going forward I will only post new and exciting information and opportunities here on the Latest Newsletter as they come along. Later I will transfer it to the ‘Post RV Workshop’ page in subsequent Newsletters for your future reference.
Just so you know I absolutely DO NOT adhere to high-risk investments where I can lose it all in a flash. Look at it this way – you are going to have all this money from your dinar exchange. Then why blow it! Most of us investors waited decades for this RV to happen and so why would you even think about pissing is all away in some high-risk gamble of an investment. Yes, there are going to be scammers out there but let’s talk about legitimate investment opportunities only. These scammers can suck you dry and there is not a damned thing you can do about it.
Go to a legitimate wealth manager associated with your bank. Let the licensed experts advise you. Please, please stay away from idiots like MarkZ, TNT Tony, Bruce (on the Big Stupid Call), etc. , etc. Go to professionals. It doesn’t mean you have to follow everything they advise you but it’s a great start. Remember they too are selling investment products and get commissions.
IS IRAQ MOVING TOWARDS RESHAPING ITS RELATIONSHIP WITH IRAN?
Political expert Ahmed Ramadan confirmed that Iraq is facing a pivotal stage, predicting that the country will witness broad security, political and economic transformations in the coming period, in light of the rapid changes taking place in the region.
Ramadan said in a post followed by “Al-Sa’a” that “the relationship between Iraq and Iran is likely to be reformulated,” stressing that “the relationship should be between two states, and not between the Iranian Revolutionary Guard and the Popular Mobilization Forces,” in reference to the need for official relations to be managed through state institutions.
He added that “regional developments will directly affect the Iraqi interior,” predicting that “the next phase will move towards strengthening the role of state institutions and reducing the influence of sub-state forces, which will contribute to consolidating the model of a state capable of managing its affairs.”
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TO COMBAT WASTE AND CORRUPTION: THE LAW FOR THE PROTECTION OF CURRENCY ISSUANCE IN IRAQ
(Mnt Goat: This is one of those jaw dropping WOW! WOW! WOW! articles.)
According to official statements issued by the Central Bank of Iraq, the total volume of Iraqi currency in circulation is 100 trillion dinars. Based on relevant statements and analyses, 70% of this currency is not circulating within the national banking sector (both public and private) and is hoarded by individuals and companies for various purposes. The presence of cash outside the banking system has numerous negative consequences and risks for the economy. Holding cash is different from saving and hoarding money; its presence in such quantities reduces the money supply and creates an impression of illicit activity.
It also exposes its holders to various risks, including theft, assault, and damage. Furthermore, the existence of unused cash creates an incentive to convert it into other forms, some of which are detrimental. Some resort to converting dinars into foreign currencies, most notably the dollar, which puts undue pressure on demand and leads to higher exchange rates in the parallel market. Others use it for real estate purposes, such as land and buildings, creating high demand and price imbalances.
Cash can also… It is diverted to stagnant and economically unproductive uses such as gold, diamonds, and the acquisition of expensive items like watches and accessories. This encourages the illegal trade of bringing in these goods through outlets outside the authority of the state, which already exist.
The hoarding of cash is not always due to weaknesses in the banking sector. It may stem from a reluctance to disclose the source of the funds deposited. Those who hoard cash can certainly be divided into categories.
The first consists of public and private sector employees with surplus income who haven’t found suitable ways to invest it.
The second comprises business owners and investors across various sectors who receive high revenues and profits and prefer to keep all or part of their earnings in cash, believing it to be the safest and most flexible method of investment.
The third category is largely made up of tax evaders who don’t want to disclose their wealth and are waiting for an opportunity to convert it into concealed assets. The most dangerous category consists of corrupt individuals, thieves, and those with ill-gotten gains who fear exposure due to the suspicions and questions that such figures raise.
Finally, there is a category of people who cannot publicly disclose their financial dealings because the source of their funds is unknown. Illicit trade in prohibited substances such as drugs and weapons increases the hoarding of money whenever there are pressures, restrictions, or fears to convert it into funds through investments or deposit it outside the country. It is certain that the crises that befell the banks of neighboring countries are related to the increase in hoarding of money within the country.
The issue of hoarding cash is not hidden from any official body. The Central Bank is the one that announces the decrease in the percentage of uncirculated currency issued from time to time. The case of (A.J.), which is expected to be a gateway to revealing corruption, is what stirred people’s feelings about the subject, especially after showing scenes and pictures that reveal the hiding of billions in miserable ways and the burning of millions of dollars. According to leaks and expectations, there are trillions hidden in various ways in places chosen by cash hoarders.
This is a serious and important matter, especially when a percentage of the currency issued is unused or in the possession of thieves and corrupt people, with the possibility of it being damaged when the refuge is burning, burying, or other reactions. All of these things happened and are happening because the authority responsible for currency did not find the appropriate methods to attract and bring that money into local circulation.
Current instructions impose restrictions on the amount that a traveler can take out not exceeding $10,000, with the prohibition of taking out the dinar commission outside of official transfers.
We believe it has become essential for legislative and executive bodies to adopt a draft law (or amend an existing law) accompanied by regulations and instructions aimed at protecting the issuance of currency, without infringing upon personal freedoms and property rights guaranteed by the constitution and laws. This can be achieved through several means and tools:
1.the first of which is: setting a maximum limit for cash holdings, whereby any natural or legal person is prohibited from holding liquid cash exceeding 100 million dinars or the equivalent of 50,000 US dollars in foreign currencies outside the banking system. Any amount exceeding this must be deposited within six months of the law’s enactment.
2.The second is: restricting transactions to banks and subjecting all sales, purchases, and transfers of goods and services exceeding 10 million dinars to payment through banking channels (check, transfer, card, electronic wallet), making cash payments a violation with penalties.
3,The third is: activating the “From Where Did You Get This?” law, requiring every depositor with an amount exceeding 50 million dinars to disclose the source of funds, and obligating banks to audit and report any suspected money laundering.
Fourth: Criminalizing the destruction and concealment of currency. Destroying, burning, burying, or concealing the national currency is considered a violation of sovereignty and a crime of economic sabotage, punishable by imprisonment for 5-10 years plus a fine many times the amount.
5.Fifth: Tax clearance for valuable goods. Purchasing, importing, and trading any commodity or possession exceeding 50 million dinars in value (real estate, car, gold, watches, precious items) requires submitting a tax clearance certificate and payment exclusively through the banking system.
6.Sixth: Bank transparency. The Central Bank shall require government and private banks to adopt transparent windows for transfer and deposit operations, similar to the dollar sale window, and to publish a weekly report on the volume of major deposits and withdrawals.
7.Seventh: Granting a reward of 5% of the seized amount to anyone who reports illegal cash outside the regulations, with a guarantee of legal immunity for the informant and confidentiality of information.
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THE US TREASURY IS TRACKING $300 BILLION OUTSIDE THE IRAQI BANKING SYSTEM.
Informed sources revealed to Al-Mustaqilla information described as serious, indicating that the US Treasury informed the government of Ali al-Zaidi of the existence of sums of money estimated at about $300,000,000,000 believed to have left the official banking system.
According to the source, these funds are suspected to still be outside banking channels, specifically with certain political figures, away from direct financial oversight.
The source also pointed to what he described as “precise sequences of dollar movement allocated to Iraq,” where the path of funds is tracked and transfer and distribution operations are analyzed, in an attempt to uncover the whereabouts of large sums believed to be inside the country or outside the official financial system.
The information added that ongoing tracking operations reveal – according to the source – a complex financial network linked to dollar flows inside and outside Iraq, which raises questions about the size of undeclared funds and their true paths.
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AFTER THE LEGISLATIVE RECESS… A BET ON FINALIZING THE POSTPONED LAWS.
MP Hussein Shaker affirmed on Tuesday that the Parliament will resume its work after the legislative recess to proceed with enacting important laws, stressing the need to avoid repeating the political disputes that plagued previous sessions and hampered the legislative body’s work.
Shaker told the Information Agency, “The Parliament will work after the legislative recess to enact important laws that represent a priority for the coming period, in line with the requirements of the current phase and the needs of the citizens.”
He added, “There is a trend within the Parliament to overcome the obstacles that hindered legislative work during previous sessions and to avoid repeating the scenario of political disputes that negatively impacted the performance of the legislative body and affected the passage of many important laws.”
He pointed out that “the next phase requires cooperation among the political blocs to complete the remaining laws and expedite the enactment of laws that serve the public interest and strengthen the work of state institutions.”
Shaker emphasized that “the success of the Parliament in performing its legislative and oversight duties requires moving beyond political disputes and focusing on completing the important pending laws, in a way that fulfills the aspirations of citizens and contributes to strengthening political and institutional stability.”
Among the stalled laws are the Popular Mobilization Forces Law, the Oil and Gas Law, as well as amendments to the Land Ownership Law and the Federal Supreme Court Law. These laws require overcoming disagreements and prioritizing the national interest in order to be passed.
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NISSAN INCLUDES NAJAF IN ITS GLOBAL PLAN AND PROUDLY CONSIDERS IRAQ A PRIORITY IN THE MIDDLE EAST.
Independent/-Nissan confirmed that the Iraqi market is a priority within its Middle East strategy and global plan, noting that it continues to enhance its growth in Iraq “with full confidence” after opening a new branch in Najaf.
Al-Sour Company, the exclusive agent for Nissan cars in Iraq, said in a statement that it “opened a branch in Najaf in response to the growing demand for Nissan cars from customers in Iraq.”
“At Al-Sour Company, we do not just trade cars, but we strive to build an integrated experience that focuses on quality, service and reliability,” said the CEO of Nissan Iraq Al-Sour, Ahmed Mushir Sharif. “Therefore, this branch was designed to provide the latest global standards of Nissan through advanced showrooms, integrated service centers and a qualified team to ensure the best possible experience for our valued customers.”
He emphasized, “We are proud of our strategic partnership with Nissan Global, a partnership based on the values of innovation, continuous development, and transferring the latest Japanese technology to the Iraqi markets.”
He continued, “Yesterday we were in Baghdad, Erbil, Sulaymaniyah, Zakho and Mosul, and today we are proud to be in Najaf, and tomorrow we will continue our journey towards the city of Basra, God willing.”
For his part, Terry Sabbagh, President of Nissan and Infiniti in the Middle East, Saudi Arabia, CIS countries and India, said, “Less than six months ago we celebrated the opening of our new center in Mosul, which marked a major milestone in our journey. Today we continue this momentum with the official opening of the new Nissan center in Najaf, to continue to strengthen our growth in Iraq with confidence and determination.”
He emphasized that “this step reaffirms the Iraqi market’s position as a priority within our strategy in the Middle East region, in line with our global plan for Nissan.”
Expressing his gratitude to Al-Sour Company, led by Ahmed Mushir, he said, “Without his vision and great commitment, we would not be celebrating this remarkable achievement today.”
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THE GOVERNMENT GIVES THE FACTS UNTIL SEPTEMBER 30 TO HAND OVER THEIR WEAPONS.
The Iraqi government announced on Monday that it will give groups close to Tehran until September 30 to hand over their weapons to the state, which coincides with the end of the international coalition’s mission.
The announcement comes ahead of a planned visit in mid-July by Prime Minister Ali al-Zaidi to Washington, which will be his first trip abroad since taking office last month and pledging to restrict the weapons of the factions.
Government spokesman Haider al-Aboudi said in his weekly press conference that “all armed groups have been informed of a specific date that represents the end of this file (…) which is September 30, the date on which the presence of the international coalition also ends.”
He added, “After this date, all weapons outside the framework of the state will be subject to legal action.”
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WHITKOPF AND KUSHNER BRIEF CONGRESS ON IRAN
A U.S. State Department official said on Monday that President Trump’s envoys Steve Wittkopf and Jared Kushner will brief the U.S. House of Representatives and Senate on the agreement with Iran.
The official, in a statement carried by Arab media, said that the briefing would be given today, and would be via telephone.
The White House had announced earlier on Monday that Wittkopf and Kushner would attend a planned meeting on Iran in Doha on Tuesday.
Fox News quoted White House spokeswoman Carolyn Leavitt as saying that technical talks with Iran would be held on the sidelines of the high-level discussions.
Earlier, US President Donald Trump announced that Tehran had requested a meeting to be held tomorrow in the Qatari capital, Doha.
Trump said in a post on the Truth Social platform that “Iran will not have a nuclear weapon.” He added that “Iran has requested a meeting, and it will be held tomorrow in Doha,” without disclosing further details.
A source familiar with the talks between Washington and Tehran said earlier on Monday that technical teams from Iran and the United States would meet in the Qatari capital, Doha, in the coming days to discuss mechanisms for implementing the memorandum of understanding signed between the two sides.
The source told Reuters that technical teams are tasked with monitoring the implementation of the memorandum of understanding, noting that mediatorshave established special communication channels to contain any potential incidents and reduce tensions between the two sides.
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FROM THE TOP OF THE US TREASURY DEPARTMENT TO THE KURDISTAN REGIONAL BANK: A NEW ROADMAP TO BOOST BANKING CONFIDENCE AND ATTRACT INVESTMENT
The Kurdistan Regional Commercial Bank (RTB) is holding its first meeting of its new board of directors. With this move, the bank will become the first local bank in Iraq and the Kurdistan Region of Iraq to implement an international governance system, a step that is expected to boost banking confidence in the region.
The council is chaired by Mr. Marshall Billingslea, former Assistant Secretary of the Treasury and former President of the Financial Action Task Force (FATF).
The Financial Action Task Force (FATF) is a global body that sets standards for combating money laundering and terrorist financing. The team also includes a number of prominent figures, such as Mr. Gregory Gatianis, former Deputy Director of the Office of Foreign Assets Control (OFAC); Ilze Zanutina, former head of the Latvian Financial Intelligence Unit and advisor to the International Monetary Fund and the European Commission, and Dr. Jorge Jimenez, an expert on the US Federal Payments System, are among the board members. Other members include Hashim Hamandi, Basil Kivan, Adnan Kafait, and Colonel Hijazi. Yilmaz Ugur Ay, who has over twenty years of experience in the Iraqi and Turkish financial markets, will handle day-to-day operations as CEO.
The presence of this strong team of experts from the US Treasury Department and international institutions will open new horizons for the Iraqi banking sector, freeing it from the financial isolation it has suffered for years.
This radical change in three key dimensions could fundamentally transform Iraq’s economic equation.
First, it strengthens the bank itself. RTB Bank is upgrading its internal control system, risk management, and financial infrastructure to international standards, ensuring its protection against money laundering risks and its compliance with global standards.
Second, openness to the global financial system. Achieving this level of trust paves the way for correspondent banking with major American and European banks, a step that reduces import and export costs for local companies and facilitates the movement of funds.
Third, attracting foreign investment. When international companies see a local bank managed according to the highest international standards, they are more inclined to invest in Iraq and the Kurdistan Region.
The Regional Commercial Bank has been providing banking services since July 2001, and established its headquarters in Erbil in September 2003. It is licensed and registered with the Central Bank of Iraq, and has not been subject to any banking sanctions since its establishment to date.
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ON THE WAY TO AMERICA
The visit of the Prime Minister to the United States of America is approaching, in response to an official invitation from the US President. The Iraqi delegation is scheduled to head to Washington in mid-July, in an important political and economic stop that is being anticipated by both government circles and business circles.
It is customary in international practice for heads of state and government to include in their foreign visits a select group of leading business figures and heads of influential companies and economic institutions, individuals with a proven track record of achievements and a significant presence in local and global markets. Government representation is often limited to a small number of officials, while the majority of the delegation consists of economic figures capable of transforming official meetings into tangible investment opportunities and projects that serve the interests of their countries.
These visits gain their importance from the fact that they are not protocol occasions or ordinary diplomatic trips, but rather intensive workshops dedicated to holding meetings and encounters, building partnerships and attracting investments, in order to achieve long-term strategic goals.
Hence, the selection of individuals participating in the economic delegation should be based on criteria of competence, experience, and the ability to represent the Iraqi private sector in a way that reflects its true potential, with a focus on those with successful experiences and existing projects on the ground, who have the ability to build bridges of cooperation with American companies and institutions.
Iraq today needs to seize every opportunity to promote its investment climate and present its development needs to major international companies, particularly in vital sectors that form the cornerstone of sustainable economic growth. Building strategic partnerships with international investors will also contribute to the transfer of expertise and technology, create jobs, and drive development.
The success of a visit is not measured by the number of meetings or statements issued, but rather by the agreements, projects, and real investment opportunities it can yield. Iraq needs a comprehensive investment revolution to revitalize its economy, pull it out of its stagnation, and open up new horizons. For growth, development, and prosperity.
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DIPLOMATS DISCUSS IRAQI-AMERICAN RELATIONS
Diplomats discuss Iraqi-American relations
Last Saturday, the Bahr al-Uloom Forum for Dialogue held a forward-looking intellectual seminar entitled “Iraqi-American Relations: From Crisis Management to Building Interests.” This coincided with the Prime Minister’s official visit to Washington and was attended by the Iraqi government spokesperson, Haider al-Aboudi, and a select group of decision-makers, diplomats, academics, and representatives from think tanks.
The session featured intensive discussions that analyzed the dimensions of the relationship through three strategic axes: reviewing the validity of the foundations laid in 2003 and its aftermath in light of the conceptual shift towards a new Middle East; exploring how to formulate understandings that transcend the traditional security approach to embrace economic partnerships; examining the mechanisms for positioning the Iraqi negotiator amidst a divided American landscape between the White House, Congress, and lobbying groups; and how to protect sovereign decision-making from the competing agendas of Washington’s regional allies. The seminar also addressed leveraging financial reform and combating corruption to attract international confidence and examined the role of mega-projects, particularly the Energy and Development Fund, as a gateway to integration into the global system and achieving an equitable partnership. The seminar concluded with a set of proposals and recommendations that will be submitted to decision-makers in the Iraqi government.
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PRIME MINISTER’S ADVISOR: IRAQ SUCCEEDS IN SECURING ITS FIRST INTERNATIONAL FINANCING WITH A SOVEREIGN GUARANTEE TO SUPPORT THE PRIVATE SECTOR
The advisor to the Prime Minister, Saleh Mahoud Salman, announced today, Thursday, the completion of the first international financing transaction for an Iraqi private sector project with an Iraqi sovereign guarantee. This was achieved in cooperation with the German institution AKA Ausfuhrkredit-Gesellschaft mbH, and in partnership with the German Commerzbank. This step is considered a significant accomplishment within the government’s efforts to support economic reform and enhance the confidence of international financial institutions in the Iraqi economy.
Mahoud explained in a statement received by the Iraqi News Agency (INA) that “this transaction represents the beginning of a new phase in utilizing sovereign guarantees to attract international financing, technology, and investments, which will contribute to enabling the private sector to implement developmental and productive projects with a direct economic impact. It also reflects the success of building partnerships with leading international banking institutions, most notably Commerzbank, one of the most prominent European banks.”
He added that “this achievement is the first in a series of development financing projects that are hoped to be implemented during the next phase, which will support the diversification of the national economy, enhance local industry, provide job opportunities, and consolidate partnerships with global financial institutions.”
He stressed that “the success of this operation is the result of coordination and cooperation between Iraqi government agencies (the Ministry of Finance and the Trade Bank of Iraq) and international partners,” expressing his appreciation to all Iraqi and international parties that contributed to achieving this accomplishment, which represents a practical step towards expanding financing and investment opportunities in Iraq, and enhancing the presence of international banks and financial institutions in financing Iraqi private sector projects.
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GOVERNMENT PLAN TO RESTRUCTURE AND REDUCE THE NUMBER OF BANKS
The Iraqi government is accelerating its steps to restructure the banking sector, as part of a reform plan that extends over the next two years, aimed at building a banking system more integrated with the global financial system, coinciding with the resumption by the United States of dollar shipments to Iraq after a hiatus of several months.
The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, said in an interview followed by (Al-Mada) that the government is currently implementing a roadmap to reform the banking sector in cooperation with international auditing firms, expecting that the next 24 months will witness a major transformation in the sector’s structure.
He explained that the plan includes reducing the number of banks in exchange for increasing their capital, expanding their relationships with global banks, and increasing the number of correspondent banks, considering that these indicators reflect progress in the path of financial reform.
Saleh added that Iraq is moving towards a transition from “geopolitical” to “geoeconomic” status, a transformation that requires a banking system capable of financing economic activity in accordance with governance and transparency standards, after years of the sector being affected by political conditions that hindered its integration into the international financial system.
He pointed out that the restructuring includes strengthening financial compliance and preventing the misuse of funds for purposes other than economic ones, in line with the requirements for combating money laundering and terrorist financing, noting that Iraq seeks to move from the grey list to the white list by adhering to international standards.
Saleh confirmed that the reform program includes merging a number of local banks, liquidating a limited number of them, involving international banks, and adopting international auditing and accounting systems, which will enhance the credit rating, reduce risks, and raise the efficiency of liquidity management.
He explained that the presence of experts from the US Treasury Department and international institutions comes within the framework of technical cooperation to develop the banking sector, and does not affect national sovereignty, stressing that building a transparent banking system is a prerequisite for improving the investment environment and attracting capital.
In a related development, the New York Times reported, in a report followed by (Al-Mada), that the United States has resumed dollar shipments to Iraq after suspending them for months, which was confirmed by the spokesman for the Prime Minister, Haider al-Abudi, along with the financial advisor, Mazhar Muhammad Salih.
The flow of dollars into Iraq is subject to strict monitoring under mechanisms overseen by the US Federal Reserve, as part of measures aimed at ensuring transparency in the movement of funds and preventing their use in money laundering operations or their access to entities subject to sanctions, while the Central Bank of Iraq relies on these transfers to meet market needs and finance import operations.
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DINAR SURGES AGAINST DOLLAR AS KURDISTAN TRADERS PREDICT FURTHER PARALLEL MARKET DROPS
The Iraqi dinar rallied sharply against the U.S. dollar in Kurdistan Region’s markets following stabilization pledges from the Central Bank of Iraq (CBI) and the rollout of a new financial system, with market traders forecasting a continued drop in the parallel exchange rate.
The Iraqi dinar gained ground against the US dollar, with the parallel market rate strengthening to 154,250 dinars per $100 after coming down from a high of 157,000 dinars last week. Local currency traders attribute the market shift directly to stabilization assurances issued by the Central Bank.
Amid wild rumors of a rate hike to 160,000 IQD, the Central Bank of Iraq stepped in to reassure the public on June 22 that the official rate remains strictly locked at 132,000 IQD.
Traders Report Shift as Citizens Sell U.S. Dollars for Dinars
According to Sulaymaniyah currency trader Dana Mawloud, citizens are reversing previous trends by selling U.S. dollars for Iraqi dinars. Mawloud noted no immediate risk to the dinar’s value, citing the Central Bank’s fixed rate of 132,000 dinars per $100.
Erbil Market Spokesperson Forecasts Stronger Dinar
Meanwhile, Kaifi Khoshnaw, the spokesperson for the Erbil Currency Exchange Market, predicts that the value of the dinar will rise even further.
Khoshnaw said it is expected that with Ali Faleh Zaidi’s visit to the United States in the middle of this month, the value of $100 will drop to the level of 151,000 to 152,000 dinars.
Several key factors are expected to drive the long-term appreciation of the Iraqi dinar, according to the currency exchange market spokesperson.
Chief among these structural drivers are the ongoing implementation of the ASYCUDA customs system and sustained political stability across Iraq, both of which are projected to solidify the national currency’s position against the U.S. dollar.
Kurdistan Regional Government and Iraqi federal officials convened in Baghdad recently to resolve technical hurdles surrounding the ASYCUDA. However, high-level talks between both governments remain in progress pending final ratification by the Federal Cabinet.
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NEW NAMES ON THE LIST OF THOSE WHOSE IMMUNITY IS TO BE LIFTED… WILL “OPERATION DAWN” DISRUPT PARLIAMENTARY SESSIONS?
MP Duha Laibi Al-Bahadli made a surprise announcement today, Sunday, regarding the possibility of introducing a new package to lift the immunity of MPs facing serious accusations related to corruption cases, indicating that the upcoming session may witness the approval of strict legal measures against the accused in preparation for bringing them to justice.
Al-Bahadli told Al-Maalomah that “Parliament will dedicate a key part of tomorrow’s session, Monday, to discussing the recent government measures related to suspicions of corruption, in parallel with the scheduled agenda.”
She added that “there is a decisive parliamentary trend to support the escalating government movement to combat corruption and the waste of public funds,” stressing that “the next stage may witness taking measures against prominent figures accused of involvement in corruption cases, within the framework of expanding the prosecution campaign and not excluding any party whose involvement is proven.”
Al-Bahadli blocked “any attempts to circumvent the law,” stressing “the absolute parliamentary rejection of concluding any (political settlements) with the big players involved in corruption deals,” while emphasizing that “the principle of accountability will be applied seriously, away from partisan interventions or pressures.”
The MP revealed the “features of the upcoming government plan,” stressing that “the ‘Dawn Charge’ campaign is on its way, and the second phase of the campaign is about to begin, and it is expected to include a new list of prominent names accused of plundering national wealth.”
Al-Bahadli concluded her remarks by emphasizing “the necessity of targeting the major figures of corruption and not merely pursuing low-level employees,” considering that “including influential figures is the only guarantee for restoring the Iraqi public’s trust in government procedures and proving the state’s seriousness in its crucial battle to recover stolen funds.”
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“OMODA AND JAIKO”: IRAQIS ARE EXPERIENCING GROWTH BY INTERNATIONAL STANDARDS AND DESERVE ADVANCED CARS THAT ARE SUBJECT TO STRICT OVERSIGHT.
Omoda and Jaeco Motors affirmed their confidence in the Iraqi market, noting that Iraqis are experiencing growth by international standards and deserve advanced cars that are subject to strict oversight, while pledging to provide after-sales services, smart technologies, and an advanced experience that meets the aspirations of customers in global markets.
The company said in a statement that “the automotive sector in Iraq is witnessing an accelerated phase of transformation, with the official announcement of the entry of the Omoda and Jaico brands into the local market,” indicating that “this expansion is not limited to introducing new models only, but comes within a strategy supported by Jameel Motors, the independent international distributor of cars, which has decades of experience in managing distribution operations, supply chains and after-sales services in a number of global markets.”
She explained that “Omoda and Gaiko were able, in a short period of time, to attract the attention of followers of the automotive sector, thanks to their rapid pace of expansion in global markets. Over the past three years, the two brands have recorded a number of outstanding indicators, including the delivery of more than 1.1 million vehicles worldwide, a presence in 70 international markets, and entering a new market at a rate of one market every 16 days, as well as opening 1,364 showrooms and sales centers at a rate of one new facility per day, in addition to expanding into 20 European markets, making them one of the fastest growing brand groups in the European continent.”
She pointed out that “the global growth of the two brands depends on an integrated system of research, development and manufacturing based on the industrial and engineering capabilities of the Chery Group,” explaining that “the production of Omoda and Jaico vehicles is characterized by the use of modern manufacturing technologies and smart production systems, along with strict quality control procedures in various stages of manufacturing.”
She emphasized that “the vehicles undergo intensive testing aimed at ensuring high levels of durability and reliability, while the modern engineering structure, advanced safety systems and smart communication technologies contribute to providing an advanced user experience that meets the aspirations of customers in global markets.”
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MORE THAN 8 MILLION BARRELS OF IRAQI OIL ARE STUCK ON TANKERS DESPITE THE RETURN OF GULF SUPPLIES.
More than 8 million barrels of Iraqi crude oil remain stuck on tankers, while more than 100 million barrels of crude oil and petroleum products that had accumulated in the Gulf have begun to gradually return to global markets, providing a temporary relief to supplies, according to data from Standard & Poor’s Global Commodity Insights.
The report stated that Iraq has emerged as one of the leading countries in the recovery of oil production in the Middle East, along with the Sultanate of Oman, while major refineries in Saudi Arabia, Bahrain and Kuwait still need several months to restore their full operational capacity.
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QANI: THE FUNERAL PROCESSION OF THE SUPREME LEADER IN IRAQ WILL MAKE OUR PEOPLE’S GRIP STRONGER IN THE FACE OF AMERICAN MACHINATIONS.
The commander of the Quds Force in Iran’s Islamic Revolutionary Guard Corps, Esmail Qaani, commented on the funeral of Iranian Supreme Leader Ali Khamenei in Iraq.
Qaani stated that “the funeral of the leader and the extensive preparations made by Iraq for this historic event demonstrate the depth of the ties between our two nations.”
He added that “the funeral of our martyred leader in Iraq will strengthen the resolve of our two peoples in confronting American machinations.”
He continued, “The funeral ceremonies for the martyred leader in Iraq will be similar to those held for the martyrs Soleimani and Abu Mahdi al-Muhandis.”
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Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!
Disclaimer: All information in this newsletter is not intended for investment decisions / purposes. Mnt Goat is not a financial analyst, planner, banker, attorney or associated in any role with giving out professional investment advice.
Auf Wiedersehen
Much love to ya all,
Mnt Goat
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