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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:

August 25, 2026 Mnt Goat News Brief

Guten Tag everyone:

Can you say- ‘remove-the-zeros!’ 😊 As I have been leading up to this situation in my last couple Newsletters for us investors to realize the importance of removing the zeros from the dinar and how it has come to a stage of a ‘crisis’ even in paying salaries. Yes, it is urgent now and they have let this project to delete the zeros delay too long already. It has caught up to them. Today we are going to explore this latest news to remove the zeros in detail and review many very recent articles on this topic that shed some light on what is imminent.

Iraq is about ready to remove the zeros!

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Proverbs 11:25

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

STATUS OF THE RV

There is lots to talk about today. Again so many articles on removing the zeros and what to do about the monetary reform.

There are many who doubt that this reform of the currency is finally here and going to happen shortly. In today’s news, as you can read on the headlines of the Newsletter, that now we have two members of Al-Zaidi’s cabinet the communications director and now a member of the Finance Committee (which is ‘BIG’) that there is a government trend towards officially removing zeros from the Iraqi dinar and issuing a new paper currency. And even as important he denies the effort by others to poo poo the idea and delay it for 3-7 years. Really?

Let’s go through the drama over removing the zeros step by step and you can then clearly see how they are trying to hide the imminent timeframe to get this done and then move to FOREX. Remember that I don’t deal in rumors or hype on my block. I bring you solid evidence and proof of what they say. This is not my words by theirs.

What I am going to show you today actually all started last Tuesday August 18 just after I posted my August 18th Newsletter. At this time more news began to pour out from Iraq about removing the zeros. If you recall we had the same thing happen in the week prior and I posted this news in my August 11^th Newsletter. Why in hell would they do this if not a major effort to initiate this event. Remember also I am on the phone with my CBI contact to talk about all these articles and she too confirmed they were getting ready for this event.

THE PROBLEM: First, before I get into the juicy articles for today, another article popped out again in this reporting period reinforcing the problem once again and thus why they need to remove the zeros in the first place and most importantly do it sooner than later. To me anyhow, when I see articles like this one again and again this is pure pressure. Yes pressure, pressure and more pressure on the government to do something and do it much sooner than later. It is titled:

“A CRISIS OF CONFIDENCE AND A CASH ECONOMY: AROUND 97 TRILLION IRAQI DINARS ARE OUTSIDE THE BANKING SYSTEM”

“Cash held outside the banking system constitutes one of the most prominent challenges facing the Iraqi economy, given the continued reliance of a large segment of citizens and merchants on cash transactions and keeping part of their money outside banks.

While money outside the banking system does not necessarily mean that it is entirely hoarded, its sheer size raises questions about the weakness of banking transactions and the ability of banks to attract savings and convert them into loans and financing for projects and investments.”

So, did my CBI contact not use these exact words ‘crisis” and ‘urgent’ in describing this situation to us as in my calls to Iraq from my CBI contact? Do you think its urgent? Later in today’s Newsletter we will read a ridiculous article telling us they will wait 3-7 years more to remove the zeros. We are not that stupid to believe such nonesense, are we?

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On with the real juicy articles for today. Here are the articles that popped out about removing the zeros that you might want to reference from this past week alone. They are all located in full in the Articles Section of today’s Newsletter. I will bring you only a short clip of juicy part of them and explain it to you:

😊 “THE CENTRAL BANK OF IRAQ IS DISCUSSING REMOVING ZEROS FROM THE DINAR.”

From August 19, 2026, “Al-Mustaqilla reveals: Removing zeros from the Iraqi dinar is under discussion within the Central Bank. The Independent – The eyes of economic and banking circles in Iraq are turning to the Central Bank of Iraq, amid information about internal discussions regarding the project to remove zeros from the Iraqi dinar and modernize the currency and the monetary and banking system, in a step that, if the decision is made to proceed with it, will be one of the biggest monetary transformations in the history of modern Iraq. According to the source, there is a discussion about preparing a draft law that can be submitted to the House of Representatives if the Central Bank makes an official decision to proceed with the project.”

Of course we all knew about this as my CBI contact told us she was in a meeting to discuss and review this draft law. It is ready for Parliament.

“This means that removing zeros does not in itself create new wealth or increase the purchasing power of the citizen.”

This statement in the article again confirms Dr. Shabibi’s plan in that the official CBI provisional rate of 1320 is NOT going to change in country when they remove the zeros. If a 25,000 dinar is worth $19 dollars the newer lower 25 dinar note will be worth $19 dollars. But we all know that INDIRECTLY the dinar just changes to about $0.76 cents from 1/6 of a penny per dinar if you do the math. They did this without changing the 1320 rate. Get it? This is my point. No ‘official” revaluation will happen to the 1320. Get it? I wish all ignorant intel gurus would stop with all their lies about how this will work. They simply do not know. But here is proof again that confirms what I am saying is correct. 😊 Who are you going to believe now?

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😊 “REMOVING ZEROS: A CURRENCY RESTRUCTURING OR A STEP TO BOOST CONFIDENCE IN THE DINAR?”

“The issue of removing zeros from the Iraqi currency has resurfaced, amid economic debate about the feasibility of this step and its implications for the value of the dinar and the purchasing power of the citizen, as well as the readiness of the banking and financial sectors to implement it. Economic experts believe that removing zeros, if implemented within a comprehensive study and a clear plan, could contribute to restructuring the currency and simplifying financial and banking transactions, while emphasizing that the measure itself does not mean an increase or decrease in the purchasing power of the dinar, as long as prices, salaries and savings are transformed at the same rate.”  

How many times have these other intel gurus told you that removing the zeros will increase the purchasing power of the citizens? This proofs again that these kinds of statements are NOT correct. How many articles do they have to tell us this is not correct before they believe it. Oh…. but then of course they don’t base their information on FACTS do they?

“He explained that removing zeros could be part of a “broader monetary and banking reform package that enhances confidence in the dinar and supports economic stability.  It is not a single, formal procedure.”

Here we see in this article too yet another confirmation that removing the zeros is just one step in the overall process, the overall plan is to get back to FOREX. These last two paragraphs in the article tell us that removing the zeros is part of a broader plan “It is not a single, formal procedure”. What is this broader plan? It is the next step in the plan after removing the zeros, is reinstating back to FOREX. Their words today again not mine. Dr Shabibi’s words from 2011 not mine.  

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😉 “ECONOMIST: REMOVING ZEROS WILL REDUCE INFLATION AND WITHDRAW MONEY FROM CORRUPT OFFICIALS.”

“Economic researcher Haitham al-Khazali believes that removing zeros from the currency will reduce inflation in the financial markets and markets. He added that it will also draw cash held by citizens, merchants, and investors into banks, and compel corrupt individuals to surrender their illicit funds.”

Dagher told Shafaq News Agency that “the amount of cash issued is about 105 trillion dinars, of which about 8 trillion dinars are inside the banking system, while about 97 trillion dinars are outside it.”

He explains that “about two-thirds of the money outside the banking system is used to settle cash payments between merchants, real estate sales and purchases, and pay salaries and wages, while hoarding may represent about a quarter of the money outside banks.”

Okay so now you know why the Finance Committee in yet another article just told us they can’t pay the August salaries until the end of the month which is normally done at the beginning of the month. It is titled “SALARY PAYMENTS IN IRAQ HAVE BEEN DELAYED UNTIL THE END OF THE MONTH OR THE BEGINNING OF NEXT MONTH DUE TO “LIQUIDITY SHORTAGES AND FUNDING DELAYS“.

 “An informed source revealed on Tuesday that the payment of state employees’ salaries may be delayed until the end of this month or the beginning of next month, attributing this to the fact that funding for ministries and state institutions has not yet been released, despite the month having passed.”

Then how will they pay September’s salaries at the beginning of September and so on and so forth? Do you see the problem here why this has become to a crisis/urgent mode in getting this cash back inside the banking system? Can you say PRESSURE?

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.  😊 “EXCLUSIVE TO KURDISTAN 24: US PRESSURE ON BAGHDAD TO EXPEDITE THE REMOVAL OF ZEROS FROM THE DINAR TO CURB MONEY LAUNDERING”

WOW! WOW! WOW! Informed sources told “Kurdistan24 today that the United States is exerting increasing pressure on the Iraqi government to expedite the implementation of the “removal of zeros from the Iraqi dinar” project, with the aim of crippling the movement of funds smuggled abroad and recovering cash liquidity hoarded through illegal means.”

Can the news get any better than this article? Looks like the US is ready to sign off on the project. It also means they support the reinstatement because is has to follow.

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So, now here comes the negativity and deception. Either the author is just plain ignorant or this is propaganda about waiting 3-7 years for removing the zeros. Other than this part, the rest of the article explains much of what we already heard in other articles.  

☹ “IRAQ REVIVES PLANS TO REMOVE ZEROS FROM DINAR”

At a Glance

• The Finance Committee discusses currency reform
• The Central Bank has prepared new designs
• Reform would not change purchasing power
• The process could take up to seven years

“Iraq has renewed discussions over a long-planned currency reform that would remove zeros from the dinar, with the Central Bank and Parliament examining the requirements for implementing the proposal.”

This was the meeting that was held that my CBI contact attended that I told you about a few weeks ago.

“The parliamentary Finance Committee has held discussions with the Central Bank of Iraq over the proposal to remove zeros from the Iraqi dinar and introduce redesigned banknotes. The proposal remains under discussion and has not received final political approval.”

“Final samples of the proposed banknotes have reportedly been prepared, covering all denominations. The plan would involve printing approximately 7.5 billion individual banknotes, with estimated costs of around 250 billion dinars. Germany, France, Australia, and the United Kingdom have reportedly been selected to handle production of the new currency. The currency reform cannot proceed without a legal framework.”

Remember I told you a year ago that my CBI contact told us she had pictures of the newer lower denominations to someday post on the CBI website and that this was coming soon.

“The government would need to submit a special draft law to Parliament before the Central Bank could formally implement the currency change. If approved, the replacement process would be carried out gradually rather than through an immediate withdrawal of existing banknotes.”

My CBI contact also told us about this needed draft law a few weeks ago. Remember? Yes, they already have the updated draft law prepared and it was sent to parliament to put on the docket for discussion sooner than later. Then out pops this article titled: “PARLIAMENT SUPPORTS THE CENTRAL BANK’S EFFORTS TO ENHANCE MONETARY STABILITY AND PLEDGES LEGISLATION TO ACHIEVE THESE GOALS.”

“The full process is expected to take between three and seven years.”

I don’t know what they mean by the words ‘full process’. Simply put they cannot wait 3-7 years to remove the zeros. They are now cornered and must do it maybe even before January 2027. So this statement is not true and Iraq will not be able to survive if they waited. What is it about the crisis or urgency that this author does not understand?

Despite the Central Bank’s preparations, there has been no final decision to implement the currency reform. The project remains dependent on political approval and the passage of the required legislation.

I don’t know if this article is just old news not updated but they printed the article anyway? But a final decision has been made and we read about it in my August 18^th Newsletter and again today (see the next article below). In it remember the article by the Communication minister in Al-Zaidi’s cabinet? So, today we get yet anther confirmation from a member in the Finance Committee disputing this news that it is not final. This means the CBI has made a final decision and only needs this draft law passed to begin the process. We wait for it.

😊 “DESPITE GOVERNMENT DENIALS, A MEMBER OF THE FINANCE COMMITTEE CONFIRMS THE IMMINENT REMOVAL OF ZEROS FROM THE DINAR.”

Define imminent:

adjective

im·​mi·​nent ˈi-mə-nənt 

Synonyms of imminent

: ready to take place : happening soon

Oh…. how I luv this article!!! 😊 😊 😊 WOW! WOW! WOW! So, in this article we get the second confirmation that we will NOT have to wait 3-7 years and that the decision to go ahead is final. Can you say FINAL? Can you say RV? I don’t know how else to tell you they are now aggressively moving ahead with the Project to Delete the Zeros that we have all been waiting for. Remember that this will take some months to complete. But do they even have months as they just told us they are delaying August salaries. What about September’s salaries? Let’s pick this one apart and explain it. The article is in italics and my comments follow.

“It should be noted that “government statements issued earlier denied the existence of efforts to remove zeros from the Iraqi currency, after the Minister of Communications, Mustafa Sand, announced that there was a government intention to remove them.” 

We read about this denial in a couple of articles in my August 18^th Newsletter. Many of you got depressed and saddened. I said to hang on since I knew reality.

“Jamal Kojar, a member of the Finance Committee in Parliament, confirmed today (Tuesday , August 25 , 2026) that there is a government trend towards officially removing zeros from the Iraqi dinar and issuing a new paper currency.”

“According to The New Arab Network, as translated by Baghdad Today, Kujer said, “The government believes that removing zeros from the currency will bring great benefits to the country, explaining that there are requirements with ‘international’ standards that will be achieved by removing the zeros, including the transition to electronic currency trading, which will bring benefits in terms of combating corruption and developing commercial trading,” according to the network.”

Can you say FOREX? Folks they are not talking about the digital dinar here. That will come much later. They are talking about digital trading meaning FOREX. Get it. They must move to international standards (remove the zeros) before they can reinstate it. Once they move to FOREX much of this corruption will end or be much harder to perpetrate.

“The network also indicated that “the Iraqi government received recommendations from international bodies, including the United States, to remove zeros from the Iraqi currency,”  

Hey…. Did the author just tell us that the U.S. wants Iraq to remove the zeros and will now sign off on the project to do it?

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UPDATE: On disarming the militias

I want to present the latest news in this effort of disarming the militia/factions. We know the deadline is September 30th. I find it very saddening that after all the pressure from the U.S. on this topic still many Iranian-backed politicians are trying to find ways to circumvent the disarming and have Iranian influence remain inside Iraq. Yes, we know the culprits, and we can see them clearly in the article titled ☹ “WILL THE (SUDANESE-AMIRI-MALIKI) COMMITTEE SUCCEED IN PASSING THE “WEAPONS MANAGEMENT” INSTEAD OF DISARMING THEM?

 Let’s wait and see what the U.S. is going to do about this proposal. Will they accept it? I doubt it. Meanwhile Sept 30^th is coming….  Tick Tock, Tick Tock…

“The deliberations of the Baghdad Dialogue Conference revealed a remarkable shift in the arms issue, with a clear retreat from dealing with September 30 as a final date for restricting weapons to the state, while a trend emerged to deposit the factions’ weapons in the Popular Mobilization Forces’ warehouses instead of the army, which means that missiles and drones will remain within a system led by Abu Fadak al-Muhammadawi, a leader in the Kataib Hezbollah and deputy head of the Popular Mobilization Forces.”

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Then this one pops out in the news too it is titled “AL-MALIKI HAS NOT BACKED DOWN”… HIS COALITION SENDS THE NAMES OF ITS CANDIDATES FOR THE INTERIOR AND DEFENSE MINISTRIES”

 “The media office director of Nouri al-Maliki, leader of the State of Law Coalition, denied on Thursday the existence of any understandings or agreements regarding relinquishing the Ministry of Interior, stressing that the issue is “not even on the table.”

Hisham al-Rikabi said in a statement via the website (X) that what some media outlets have reported regarding understandings or agreements related to al-Maliki giving up the Ministry of Interior is “untrue,” stressing that what is being circulated in this regard “is not based on any correct information.”

We know from past elections these two ministries are the most important as they deal with security and lots of money. Defense ministry thus the disputed disarming the militias and how these Iranian politicians want to keep them intact. Then there is lots of MONEY for allocated projects in the budget and the Interior ministry handles it all. Thus this is how they have been stealing billions in allocated oil revenues from Iraq and giving it to Iran as their proxy state. Will they allow this to continue?

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Then there is this next bit of news which is very scary news and I think you all can see why. “The article it titled “QALIBAF: IRAQ IS IRAN’S FIRST PARTNER IN THE NEW SECURITY SYSTEM FOR THE REGION”

Will the U.S. Trump administration go along with this proposal. I don’t think so! How dare Iran even suggest such a proposal to Iraq to be partners in a new security plan for the region? How desperate Iran must be. Do we want Iran creating any security system in the region? Doesn’t his seem weird to you in light of the Iranian conflict going on between Israel, U.S, and Iran. Really now, Iran will try anything to stay in power. These are all signs they are failing and failing fast… I do not believe a word Iran says as it has proven not live up to its obligations over and over again.

“Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated that economic cooperation between Iran and Iraq has entered the implementation phase. He noted that a delegation from the Iraqi Chamber of Commerce will travel to Iran within the next two weeks to meet with economic experts and activists in the economic sector to discuss the implementation of joint practical projects between the two countries.”

“At the conclusion of his three-day visit to Iraq, Ghalibaf added that discussions with Iraqi officials covered security, political, and economic issues, as well as the issue of armed factions. He emphasized that Iran will “absolutely” not interfere in Iraq’s internal affairs, while also pointing out that Iraq is the primary country with which Iran can play an influential role in the “new security order of the region,” and that its cooperation in this area will expand compared to the past.”

This is what they told Iraq when they came in to fight ISIS in 2014. It is apparent it was all lies. See how they have grown in Iraq like a dark virus that is now hard to kill.

He continued, “God willing, these forces will withdraw from Iraq, and the sovereignty and full independence of the Iraqi people and government will be established without the presence of any foreign forces, and this is a very important event.”

Qalibaf emphasized, “During these meetings, discussions took place regarding security issues and the issue of Iraqi factions. Of course, Iran will never interfere in Iraq’s internal affairs, and any agreement reached by the factions and Iraqi officials within the framework of the constitution, while preserving their independence, will be supported by Iran as a neighboring, friendly, and brotherly country.”

He added, “The brotherly and friendly country, Iraq, is the first country with which we can be very influential in the new security system of the region, and take bigger steps in this area than we have been in the past.”

Oh boy….. this is the last thing we need for Iraq. Oh brotherly love…. really? Stealing billions if not trillions of dollars from the Iraqi people is brotherly? Holding back important legislations and other projects like deleting the zeros and banking reforms in the past is brotherly. I call it self-serving and a betrayal of friendship.  

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SUMMARY

I don’t think I need to say very much in the summary today about the Project to Delete the Zeros and we can all now see the writing in on the wall and removing the zeros is urgent and is coming much sooner than most believe.

But there are political obstacles and they will need the draft law passed first for the CBI to act upon it. It is apparent that some entities in Iraq are desperately trying to hide and coverup this effort to remove the zeros in the currency reform since the speculators can make a lot of money on it. This they want to avoid. Remember also when they talk about nearly 80-90% of the currency being outside the banking system they are talking about the dinars we hold too. They will have to come and get ours too and pay for it. I don’t know about you but I am not giving up mine too inexpensively….lol..lol.. 😊

As far as the disarming of the militias and factions go, the U.S. Trump administration has put its foot down on this Iranian influence in general and this one issue is just one of many. Finally, a U.S. president addressing these issues in the middle east. Did you watch the video on the U.S. Treasury Secretary about the economic isolation of Iran. Here it is again below in case you missed it. It is titled “US TREASURY CHIEF UNVEILS ‘OPERATION ECONOMIC OUTCAST’ CAMPAIGN AGAINST IRAN”

“Around the globe, our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone,” Bessent told reporters.

US Treasury Secretary Scott Bessent on Monday unveiled plans for what he called the “Operation Economic Outcast” of Iran, expanding Washington’s secondary sanctions threats and warning countries and financial institutions that refuse to join the pressure campaign of potentially severe consequences.”

OPERATION ECONOMIC OUTCAST

The US Treasury secretary Bessent announces MAJOR operation targeting Iran’s economy. So, do you actually think the US is going to allow this proposal to go through with Iran and Iraq? Here is why I am saying this article is just foolishness.  

So, do you really believe Iran is going to structure a new security and economic model in the middle east? Is this not what the U.S. is trying to do under the Abraham Accords? What a joke but Iran will try anything since they are desperate.

Yes, the disarming will happen. Al-Zaidi has drafted a new law to disarm them and repurpose them, if needed. Remember there are about 100,000 Iranian Kud forces that came into Iraq in 2014-2015ish to combat ISIS. They did in fact help rid Iraq of ISIS to be fair. later the U.S. Forces stepping in to also help. At that time there was no status of forces agreement between the U.S. and Iraq and president Obama saw to that when he pulled all U.S. troops out in 2011. Was this a setup to embed Iraq with Iranian troops and occupy Iraq when the U.S. left? So, Iranian forces did serve Iraq and so let’s not forget or downplay that either to be fair. But the effort was completed in 2017 and so why do they still remain? It has been 9 years already. They already got paid heavily for their services too. The article is titled “AL-ZAYDI: WE WILL PROCEED WITH PASSING THE POPULAR MOBILIZATION FORCES LAW AS PART OF THE ARMED FORCES.”

“Prime Minister Ali Faleh al-Zaidi affirmed on Thursday that the Popular Mobilization Forces enjoy the attention and care of the government, which will proceed with submitting the Popular Mobilization Forces Law for approval, as it is part of the formations and branches of the armed forces, indicating that Iraq is witnessing today a phase of building after completing the requirements of the process of defending sovereignty.”

Will it pass in parliament leaving time to enact it? September 30^th is just around the corner. So, they must enact the provisions now regardless.

Then out pops this article also to reinforce the other one. It is titled “AL-ZAYDI: EMPLOYEES’ SALARIES ARE SECURED AND THERE IS A FINANCIAL PLAN FOR THE COMING YEARS… AND THERE WILL BE NO RETREAT FROM RESTRICTING WEAPONS TO THE STATE.”  

Enough said………

If you recall I removed the Thursday Newsletter from the schedule due to lack of support to help publish it. I would like to return to the Tuesday and Thursday schedule as the news is picking up and there is just too much of a lag waiting for just a weekly Newsletter. If you want to help make this happen please help out. I am getting lots of request to do it but I need support from all of you to make it happen. Please be generous as this takes lots of time to put together and report upon. Calls to Iraq at this critical time are also expensive.

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Let’s keep our prayers alive. There is a deep spiritual dimension at work today bringing about this reset. I believe we are closer than ever for the dinar to get reinstated. They are now even using the words like imminent again. Yes, we have seen this before and something always seems to stop it. I cannot help that and are powerless to prevent such events. All we can do it pray and pray hard that God allows this blessing and this is the time to give it to us. Remember the great modern day prophet Kim Clement and he relayed many Iraqi dinar prophecies to us in the past before his death. Does God lie? He is going to live up to his promises and he always does. But evil is allowed to exist too in is earth. So we must deal with that too. This is where PRAYER comes in. Get it?

click on picture to listen to prophecy

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

“Everything is Unraveling For Your Enemies“

Go to the 12:22 mark on the video. Given on Aug 13th  

 

“You Will See Things You May Not Understand“

Go to the 14:33 mark on the video. Given on Aug 14^th  

Things are not as they appear to be. You may ask yourself what is going on.

Things that have been hidden will soon be exposed. More understanding will happen once you see what is really going on.

“The Financial System In This Nation is Going To Violently Shake “

Go to the  17:41 mark on the video. Given on Aug 15^th 

Another one about our financial system. God has been talking many times about the changes that are to come. Something is about to happen to it. Again God says there is nothing to fear.

IS THERE REALLY FAKE NEWS?

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

Fr. DON BOSCO EXPOSED THE DARK SECRET BEHIND ISLAM

I keep this one out here to view. Everyone should take the time to watch it. It will awaken you about the Muslim so-called religion (or should we call it for it is — a ‘cult‘.)

— And the truth the world forgot about the so-called Muslim religion.

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

OPERATION ECONOMIC OUTCAST

This will probably finally break the proverbial camel’s back with Iran. We can only hope for the sake of Iraq. Will the U.S. allow limited trade between Iraq and Iran? Iran is a major trading partner with Iraq. Iraq depends on certain food products from Iran.

BREAKING: THE SUPREME COURT JUST ACCEPTED A PROPERTY TAX FIGHT

I think we are all going to luv this one. Let this be the beginning of the end to property taxes on individual property, i.e. homes. Already 16 states have taken the initiative to begin more inventive ways to create funding and relieve the funding issue from property taxes. Your district can do it too, but you have to research ways. perhaps a start is learning from other states that have already done it?

TRUMP’S REAL PLAN TO REBUILD AMERICA 

What is president Trump really up to?

HERE WE GO AGAIN…..

FEDERAL GOVT COMPLETES AUDIT OF VIRGINIA VOTER ROLES. And what did they find?

TRAGIC DAY’: GOP rep blasts uncooperative Virginia gov after voter roll finding of hundreds of non-citizens on voter it’s rolls. Is this beginning to sound familiar. Do we know why now the democrats needed open borders and fought president Trump on closing them?

Oh… but we have the most secure voting process, says the democrats….yeh right…. ☹

MUSLIM BROTHERHOOD NETWORK IN AMERICA

The ‘over-arm’ of the Muslim Brotherhood in the US.

FARAGE’S HUGE DEPORTATION ANNOUNCEMENT

Oh…. they say in the U.S. it’s just the crazy republicans who want deportation. Really? This is a global issue not just a U.S. democrat or republican issue. We must cut off the head of snake that brought this problem to our nations to begin with….and who is this snake?

PRIME MINISTER’S ADVISOR: DIGITAL DINAR A PROMISING PROJECT TO ENHANCE THE EFFICIENCY OF MONETARY POLICY

The Prime Minister’s advisor, Mazhar Muhammad Salih, confirmed on Monday that the digital dinar is a promising strategic project and not an independent solution to the liquidity crisis. While he pointed out that paying salaries digitally enhances the speed of payments and reduces cash transactions, he indicated that the success of the digital dinar depends on expanding banking services and infrastructure.

Saleh told the Iraqi News Agency (INA): “The proposal to launch the digital Iraqi dinar is one of the ideas that deserves to be studied within the framework of Iraq’s move towards digital transformation and the development of the financial system. 

If the digital dinar is meant to be a digital currency issued by the Central Bank of Iraq and enjoys the same legal force as the paper dinar, then it could represent a modern tool to enhance the efficiency of monetary policy, improve liquidity management, and develop the government payments system, which is what most central banks in the world are working on today.”

He added that “a sovereign digital currency does not mean creating a new currency, but rather issuing a digital form of the Iraqi dinar, so that it becomes available for electronic trading through digital wallets and bank accounts, while its value remains equal to the paper dinar,” explaining that “the importance of the digital currency lies in reducing reliance on cash, lowering printing, transportation and protection costs, speeding up payment processes, enhancing financial inclusion, as well as reducing the unregulated cash economy and its associated tax evasion, money laundering and corruption.”

Saleh pointed out that “the digital dinar should not be blamed for addressing the cash liquidity crisis, as the crisis, if it exists, is primarily linked to structural economic and financial factors, including the structure of the general budget, the level of government spending, citizens’ confidence in the banking sector, the size of deposits, and monetary policy,” stressing that “the digital dinar is a means to improve the efficiency of cash management, and not an independent cure for macroeconomic imbalances.”

He continued:

“The Central Bank of Iraq has made significant progress in the digital transformation process by expanding electronic payment systems, digital wallets, point-of-sale devices, and linking banks to modern settlement systems.” He pointed out that “these measures represent the foundation upon which future decisions can be made to issue a sovereign digital currency, but this requires completing the legal and legislative frameworks, strengthening cybersecurity, and providing a technological infrastructure capable of accommodating this transformation.”

He explained that “disbursing salaries to employees and retirees in digital form is technically possible, especially since a large segment of salaries are currently disbursed via bank cards linked to the localization of government salaries and pensions,” noting that “in the future, the possibility of depositing salaries directly into digital wallets or accounts linked to the digital dinar can be studied, which reduces the need for cash transactions, enhances the speed of payment execution, and limits the risks of transferring and handling money in cash.”

Saleh explained that “the success of this transformation depends on several requirements, 

1.most notably expanding the spread of banking services in all governorates,

2.increasing the number of electronic payment devices and ATMs,

3.improving the quality of communications and internet services, and

4.raising the level of digital financial literacy among citizens, in order to ensure that society accepts these modern methods and uses them with confidence and security.”

The Prime Minister’s advisor pointed out that “the launch of the digital Iraqi dinar represents a promising strategic project, but it is not a substitute for economic and financial reforms, rather it is part of them. Its success requires a more diversified economy, a more efficient banking sector, and disciplined financial policies, in addition to an integrated legal and technical framework. When these elements are available, the digital dinar can contribute to enhancing financial stability, improving liquidity management, and supporting the transition towards a more efficient and transparent digital economy, in line with modern global trends in managing monetary systems.”

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IRAN, IRAQ MOVE TO REMOVE BANKING BARRIERS

 Senior Iranian and Iraqi officials discussed ways to remove banking obstacles and facilitate access to Iranian foreign-exchange resources held in Iraq.

Iranian Central Bank Governor Abdolnasser Hemmati held separate meetings with his Iraqi counterpart Nizar Nasser Hussein and Finance Minister Faleh Sari during his visit to Baghdad, focusing on banking and economic cooperation. Hemmati stressed the need to accelerate mechanisms allowing Iran to use its funds held in Iraqi banks and called for easier banking procedures for Iranian traders and exporters, particularly for transferring funds.

The Iranian and Iraqi central bank chiefs agreed to continue consultations to achieve practical solutions for managing and accessing Iran’s foreign-exchange resources. Hemmati also invited Hussein to visit Tehran to finalize banking agreements

In his meeting with the Iraqi finance minister, Hemmati presented technical proposals aimed at speeding up the settlement of Iran’s financial claims. The two sides also discussed expanding economic cooperation and using Iranian contractors’ technical capabilities in Iraqi development projects.

Hussein welcomed closer economic ties, saying Iran and Iraq should make better use of their natural resources and skilled workforce to expand technical, engineering and financial cooperation.

Really? Watch the latest news on this video…… enough said….

OPERATION ECONOMIC OUTCAST

The US Treasury secretary Bessent announces MAJOR operation targeting Iran’s economy. So, do you actually think the US is going to allow this proposal to go through with Iran and Iraq? Here is why I am saying this article is just foolishness and shows just how desperate this radical Iranian regime is.  

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THE CENTRAL BANK OF IRAQ IS DISCUSSING REMOVING ZEROS FROM THE DINAR.

Al-Mustaqilla reveals: Removing zeros from the Iraqi dinar is under discussion within the Central Bank.

August 19, 2026  

The Independent – The eyes of economic and banking circles in Iraq are turning to the Central Bank of Iraq, amid information about internal discussions regarding the project to remove zeros from the Iraqi dinar and modernize the currency and the monetary and banking system, in a step that, if the decision is made to proceed with it, will be one of the biggest monetary transformations in the history of modern Iraq.

According to an informed source who spoke to Al-Mustaqilla, the issue of removing zeros is still under discussion within the Central Bank, and has not yet turned into a final binding decision, while a number of scenarios are being discussed regarding the future of the Iraqi currency and the mechanism for transitioning to the new monetary system.

The source indicates that the Central Bank is preparing to issue a statement or clarification soon explaining its direction regarding the project, and whether it will proceed with changing the currency, or will be content with updating the banking and monetary system while keeping the current currency.

Between removing zeros and changing the value of the dinar:

Economically, there is a fundamental difference between removing zeros and raising the value of the Iraqi dinar.

Removing zeros is essentially a process of renaming a currency, converting large nominal values into smaller monetary units. For example, if three zeros are removed, 1,000 dinars might become one dinar of the new currency, with a similar conversion occurring in prices, wages, deposits, debts, and contracts.

This means that removing zeros does not in itself create new wealth or increase the purchasing power of the citizen.

Raising the value of the dinar against the dollar is a different decision that is linked to monetary policy, the size of foreign reserves, financial balance, trade balance, domestic liquidity, and the central bank’s ability to defend the exchange rate.

Therefore, any serious economic discussion about the project should not confuse the two terms.

Why is Iraq considering removing zeros?

The Iraqi monetary system suffers from inflation in the nominal value of money as a result of decades of accumulated inflation and exchange rate changes.

The presence of banknotes in high denominations, along with transactions amounting to millions and billions of dinars, raises the cost of counting, storing, transporting, and accounting settlement, and increases the need for more advanced electronic systems to manage payments.

From an accounting and banking perspective, restructuring currency denominations can contribute to:

• Simplifying daily transactions.
• Facilitating accounting and the preparation of financial statements.
• Reducing the size of numbers in banking systems.
• Improving the efficiency of payment and settlement processes.
• Facilitating the transition to an economy more reliant on electronic payments.
• Reducing some of the costs associated with printing, transporting, and managing cash.

But the success of this step does not depend solely on changing banknotes, but rather on a comprehensive reform of the monetary and banking system.

The central bank faces a sensitive decision:

Information obtained by “Al-Mustaqila” indicates that the discussion is not only about printing a new currency, but also about the formula through which the transition from the current system to a more efficient monetary system can be made.

Here a number of fundamental economic questions arise:

Will the zeros be removed while keeping the real value of the dinar unchanged?

Will there be a comprehensive repricing of goods and services?

How will bank deposits and loans be processed?

How will the salaries of employees and retirees be transferred?

What will happen to commercial, real estate, and investment contracts?

And how will cash outside the banking system be dealt with?

These details will be more important than the shape of the new currency itself.

Parliament enters the equation:

If the central bank decides to officially proceed with changing the currency or redefining its monetary units, the project will need a clear legal framework.

According to the source, there is a discussion about preparing a draft law that can be submitted to the House of Representatives if the Central Bank makes an official decision to proceed with the project.

This means that if the file moves from the study phase to implementation, it will not be a technical decision related to the central bank alone, but will become a broad national project that requires coordination between the central bank, the government, parliament, the banking sector and financial institutions.

The most dangerous factor: currency circulating outside banks

One of the most difficult issues any project to remove zeros will face is the amount of cash outside the banking system.

The success of the currency restructuring process requires accurate knowledge of the volume of cash in circulation, the mechanisms for replacing old banknotes, the dual circulation period between the old and new currency, and the mechanisms for combating money laundering and the introduction of illicit funds into the banking system.

Therefore, if the project is adopted, it will be an opportunity to reorganize the movement of money within the economy, but at the same time it carries great risks if the replacement process is not governed by precise and transparent procedures.

What about the dollar?

The Iraqi economy is characterized by a high degree of dollarization, as the dollar is used in part of transactions, savings, trade and real estate, in addition to the dinar’s exchange rate being linked to the central bank’s monetary policy.

Therefore, changing the shape of the dinar without addressing the reasons for the preference for the dollar may not, on its own, lead to increased confidence in the local currency.

Confidence in the dinar is ultimately linked to deeper factors, most notably:

Exchange rate stability, inflation control, strong foreign reserves, fiscal discipline, sound banking system, and economic policy stability.

Possible economic scenarios:

The future of the project can be read through three main scenarios:

The first scenario involves modernizing the banking system without changing the currency. This scenario entails focusing on electronic payments, reforming banks, upgrading banking systems, and improving liquidity management, while maintaining the current dinar in circulation.

The second option is to remove zeros while maintaining the real value of the dinar.
In this case, the currency unit, denominations, and nominal numbers are changed, but the process itself is not considered a true revaluation of the dinar’s exchange rate.

Third: Removing zeros in conjunction with a broad monetary and banking reform.
This scenario is the most complex, as it requires restructuring exchange rates, liquidity management, banking systems, prices, wages, contracts, and debt, along with a widespread public awareness campaign.

The real challenge is not the banknote.

Economically, a new currency can be printed within a limited period, but rebuilding confidence in the currency takes years.

If three zeros are removed, for example, a citizen who had 10 million dinars will have 10,000 units of the new currency according to the same conversion rate; that is, the calculation changes, but the real economic value does not change simply by removing the zeros.Therefore, talking about removing zeros as a direct means of “raising the value of the dinar” requires economic scrutiny.

A strong currency is not made by small denominations of currency, but by a strong economy, a stable monetary policy, and reliable financial institutions.

What is the market waiting for?

The Iraqi market is awaiting what the Central Bank will issue in the coming perio:

Any official announcement must clearly answer several questions: the implementation date, the conversion rate, the new categories, the dual trading period, the currency exchange mechanism, the status of deposits and loans, exchange rates, the fate of contracts and salaries, and legal guarantees for citizens and companies.

(Mnt Goat: This is the education part I keep talking about. Do you get it now. Not some TV monitor stuff being show about the removing of the zeros. Unless we get these things from the CBI there is no removing of the zeros. All these current other TV advertisements in Iraq are fine, they give us a hint they may be doing it shortly, but unless we see these items addressed to this the extent listed above in this article, we will not see the removing of the zeros yet. Will we see it in the near future? I believe they are marching towards the 3^rd Economic Scenario listed above in the article.)

A clear official message will also be important to prevent speculation and rumors that could exploit any inaccurate talk about a “new currency” or a “sudden increase in the value of the dinar”.

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REMOVING ZEROS: A CURRENCY RESTRUCTURING OR A STEP TO BOOST CONFIDENCE IN THE DINAR?

The issue of removing zeros from the Iraqi currency has resurfaced, amid economic debate about the feasibility of this step and its implications for the value of the dinar and the purchasing power of the citizen, as well as the readiness of the banking and financial sectors to implement it.

Economic experts believe that removing zeros, if implemented within a comprehensive study and a clear plan, could contribute to restructuring the currency and simplifying financial and banking transactions, while emphasizing that the measure itself does not mean an increase or decrease in the purchasing power of the dinar, as long as prices, salaries and savings are transformed at the same rate.

Strengthening the value of the dinar

Economic expert Haider Al-Sheikh told Al-Sabah newspaper: “Changing the Iraqi currency and removing zeros will enhance the value of the Iraqi dinar against foreign currencies,” explaining that “changing the currency will contribute to reviving the economy and providing cash liquidity to the government.”

The sheikh explained that the currency change process, according to the study, requires several months to print specific denominations in batches, in preparation for replacing them with the current currency. He pointed out that this process could contribute to strengthening the balances of government and private banks in Iraqi dinars and providing liquidity. 

The necessary cash.

He added that another benefit of the process is “knowing the amount of currency held by the government and banks, as well as knowing the volume of currency circulating in the market.” The sheikh pointed out that Iraq, after 2003, printed more than 100 trillion dinars, indicating that about 70 percent of the printed cash is outside the government’s control and stored in homes. And it is traded on the market.

(Mnt Goat: Traded on the market means it’s mostly in our hands. Can’t forget about what us investors bought and are hanging on to. They won’t get these dinars back unless they show us a good rate on FOREX. 😊)

Renaming the monetary unit

For his part, economist Mustafa Faraj said that “removing zeros from the Iraqi currency, if implemented according to a comprehensive study and plan, represents a positive step towards restructuring the currency and simplifying financial and banking transactions,” stressing that “the process itself does not necessarily mean an increase or decrease in value.” 

The purchasing power of the dinar.

Faraj explained that removing three zeros, for example, means changing prices, salaries, and balances by the same percentage, and therefore the citizen’s purchasing power does not change as a result of the removal alone.

He added that the main economic benefit is “reducing the volume of circulating figures, facilitating accounting and banking operations, supporting electronic payment systems, and making dealing in dinars more efficient and transparent,” stressing that the success of the step is linked to monetary stability, price control, and broad public awareness.

He explained that removing zeros could be part of a “broader monetary and banking reform package that enhances confidence in the dinar and supports economic stability.” 

It is not a single, formal procedure.

(Mnt Goat: these last two paragraphs of the article tell us that removing the zeros is part of a broader plan to reinstate afterwards. Their words today again not mine. Dr Shabibi’s words from 2011 not mine. This is in preparation for the reinstatement, when the dinar does get a vast revaluation when it goes live again on FOREX.)

Risks of the conversion phase

In contrast, economic researcher Ahmed Eid warned that the most prominent risks that may accompany the removal of zeros are not related to the accounting removal process itself, but rather to the conversion phase and what may accompany it in terms of confusion in the markets and exploitation by some traders, especially in rounding prices upwards.

He explained that goods with small prices may be more likely to increase when converted to the new monetary unit, which, if this is repeated on a large scale, may lead to citizens feeling an actual increase in the cost of living, even though the process of removing zeros is theoretically supposed not to change purchasing power.

Eid pointed to other risks, including the weak financial literacy of some citizens, particularly with regard to converting cash savings, pricing goods and services, contracts and debts, as well as the possibility of speculation and rumors spreading about the value of the dinar.

He stressed that these risks become greater if the operation is carried out during an economic period suffering from financial pressures and problems related to liquidity and confidence.

Dual pricing and oversight

To protect the purchasing power of citizens, Eid called for the adoption of a sufficient transitional period preceding and accompanying the change process, during which dual pricing in the old and new dinars would be adopted, and precise rules would be put in place to prevent arbitrary rounding of prices, in addition to tightening control over markets and implementing a broad awareness campaign.

He stressed the need for the central bank to ensure that all bank accounts, savings, debts, salaries and contracts are converted in the same proportion, with the new currency being made available in an organized manner, and a period of simultaneous circulation of the two currencies being maintained.

He stressed that “the most important thing is that the removal of zeros should be preceded by real financial and monetary stability,” explaining that protecting purchasing power is not achieved by changing the form of the currency, but rather by controlling inflation, stabilizing the exchange rate and addressing financial and economic imbalances.

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ECONOMIST: REMOVING ZEROS WILL REDUCE INFLATION AND WITHDRAW MONEY FROM CORRUPT OFFICIALS.

Economic researcher Haitham al-Khazali believes that removing zeros from the currency will reduce inflation in the financial markets and markets. He added that it will also draw cash held by citizens, merchants, and investors into banks, and compel corrupt individuals to surrender their illicit funds.

Al-Khazali told Al-Maalouma, “The government’s move to remove zeros from the currency would be a step in the right direction if it proceeds with such a transformation, as it would restore the Iraqi currency’s strength and reduce the inflation rate.”
He added, “Removing zeros opens the door to the reintroduction of smaller denominations, such as dirhams and fils, which were previously in circulation. Furthermore, it will force those holding cash, including merchants and investors, to deposit it in banks.”

He explained that “removing zeros will reveal the size of the cash held by citizens and will also recover funds acquired by corrupt individuals, ensuring their return to the state.”

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A CRISIS OF CONFIDENCE AND A CASH ECONOMY: AROUND 97 TRILLION IRAQI DINARS ARE OUTSIDE THE BANKING SYSTEM

Cash held outside the banking system constitutes one of the most prominent challenges facing the Iraqi economy, given the continued reliance of a large segment of citizens and merchants on cash transactions and keeping part of their money outside banks.

While money outside the banking system does not necessarily mean that it is entirely hoarded, its sheer size raises questions about the weakness of banking transactions and the ability of banks to attract savings and convert them into loans and financing for projects and investments.

This reality reopens the file on the relationship between citizens and banks, the reasons for the continued preference for cash, and the repercussions of a cash economy on the movement of money and economic activity, especially with the presence of dozens of banks operating in the country.

Money outside banks

The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, told Shafaq News Agency that “the fact that some cash remains outside the banking system represents one of the challenges facing the Iraqi economy, given the limited benefit the banking sector derives from these funds in deposit and credit operations, and in financing projects and investments.”

Saleh explains that “money hoarded in cash, whether by households or companies, remains outside the scope of financial intermediation, which limits the ability of banks to employ savings in financing economic activity, and increases reliance on cash and the informal economy, in addition to the high cost of cash transactions and weak financial transparency.”

He emphasizes that “the problem does not lie in the use of cash itself, but rather in its transformation into a means of hoarding savings instead of directing them through financial channels towards investment and production.”

He points out that “returning these funds to the economic cycle requires building trust in banks and providing real incentives for saving, through developing savings products, offering competitive returns on deposits, enhancing depositor protection, improving banking services, reducing the cost and procedures for opening accounts and transfers, and expanding electronic payments, digital wallets, and points of sale.”

Saleh concludes that “the process should not stop at the transfer of money from homes to banks, but should move from deposits to credit, from credit to investment, and ultimately to production and job creation.”

The amount of money outside banks 

In contrast, financial expert and former Director General of the Central Bank, Mahmoud Dagher, offers a different interpretation of the nature of funds outside banks, stressing that they do not all represent hoarded funds.

Dagher told Shafaq News Agency that “the amount of cash issued is about 105 trillion dinars, of which about 8 trillion dinars are inside the banking system, while about 97 trillion dinars are outside it.”

He explains that “about two-thirds of the money outside the banking system is used to settle cash payments between merchants, real estate sales and purchases, and pay salaries and wages, while hoarding may represent about a quarter of the money outside banks.”

Dagher links the continued reliance on cash to “insufficient trust in banks, along with prevailing customs in Iraqi society and the slow transition to electronic payment,” noting that “the transition to a broad electronic payment system requires a long period of time, with the continued development of banks and payment tools.”

The figures for monetary issuance highlight the importance of the discussion regarding the amount of money circulating outside banks. However, monetary issuance does not necessarily mean that the entire amount represents money hoarded by citizens, nor does its increase automatically mean the printing of new money.

According to Dagher’s reading, the majority of money outside banks enters the market and settles cash payments, which makes distinguishing between circulating cash and hoarded money essential when assessing the size of the problem.

Cash presence 

Despite the presence of a large number of banks, cash transactions still occupy a large part of economic activity in Iraq.

The number of operating banks reached 72, including 7 government banks and 65 private banks. However, the large number of banks does not necessarily mean a high level of banking transactions, as the main challenge remains the extent to which citizens and companies use banks for saving, payment and financing.

The Central Bank is working to promote financial inclusion and expand the customer base of the banking system, in addition to expanding electronic payment methods and spreading financial literacy.

First choice for Iraqis

Economic expert and professor of political science at Dhi Qar University, Najm Abdul Tarish, told Shafaq News Agency that “the continuation of the cash economy is linked to a set of overlapping factors, including weak confidence in banks, deeply rooted habits of dealing in cash, the expansion of the informal economy, as well as the limited use of electronic payment in some activities.”

He adds that “the problem does not lie in the existence of cash within the economy, as it is a natural part of any financial system, but rather in cash becoming the primary means of settling transactions and holding savings, which reduces the money that passes through banks and limits their ability to create credit and finance economic activity.”

Available data indicates that the number of payment cards in Iraq has exceeded 20 million, but their actual use is still less than their widespread use, while a number of cardholders primarily use the accounts to withdraw salaries rather than use them for daily purchases and payments.

Possible solutions

Addressing the problem does not stop at returning the funds to the banks, as the ultimate goal is to bring them back into the economic cycle more efficiently.

When money is converted into deposits, it can give banks greater ability to provide credit, and when credit is converted into investment and productive projects, this can be reflected in growth, job creation, and increased economic activity.

Therefore, the challenge facing Iraq is not only the amount of money outside the banks, but also building a banking system that makes the citizen and the merchant find in the bank a safer, more useful and easier way than keeping money and dealing with it in cash.

Ultimately, the large amount of cash outside the banking system reveals the continued dependence of the Iraqi economy on cash transactions, at a time when the banking sector is seeking to increase its role in savings, credit, and financing the economy.

While Mazhar Muhammad Saleh believes that returning funds to the banking system requires restoring confidence and stimulating savings, Mahmoud Dagher points out that the largest portion of funds outside banks actually moves in the market and does not represent complete hoarding, while Najm Abdul Tarish links the continuation of the cash economy to weak confidence, prevailing habits, and the limited use of electronic payment.

The transition from a cash-based economy to one more reliant on banks and electronic payments remains linked to the banking sector’s ability to restore confidence, provide more efficient services, and transform funds from mere cash transactions into deposits, credit, investment, and production.

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IRAQ REVIVES PLANS TO REMOVE ZEROS FROM DINAR

At a Glance

• The Finance Committee discusses currency reform
• The Central Bank has prepared new designs
• Reform would not change purchasing power
• The process could take up to seven years

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Iraq has renewed discussions over a long-planned currency reform that would remove zeros from the dinar, with the Central Bank and Parliament examining the requirements for implementing the proposal.

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Key Statements and Focus Area

• No change in value: The Finance Committee considers the removal of zeros an accounting and monetary reform rather than a change in the actual value of the currency. Under the proposal, removing zeros would simplify the figures used in commercial transactions, government budgets, and banking operations without changing the purchasing power of the dinar. The measure is also intended to reduce calculation and accounting errors associated with the large denominations currently used in Iraq.
• Banking system: One of the main objectives is to bring an estimated 8 to 10 trillion dinars currently outside the formal banking system back into circulation through banks. The information provided indicates that a large proportion of Iraq’s cash is held outside banks, creating challenges for liquidity management and efforts to track monetary flows. The proposed currency change is therefore also being viewed as part of a wider effort to strengthen the banking system and improve control over cash circulation.

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The parliamentary Finance Committee has held discussions with the Central Bank of Iraq over the proposal to remove zeros from the Iraqi dinar and introduce redesigned banknotes. The proposal remains under discussion and has not received final political approval.

According to information obtained by Channel8, the Central Bank has completed preparations for the proposed currency, including the designs and specifications of the new banknotes. The Central Bank said preparations for the currency reform have been underway since 2012.

Final samples of the proposed banknotes have reportedly been prepared, covering all denominations. The plan would involve printing approximately 7.5 billion individual banknotes, with estimated costs of around 250 billion dinars. Germany, France, Australia, and the United Kingdom have reportedly been selected to handle production of the new currency.

The currency reform cannot proceed without a legal framework. The government would need to submit a special draft law to Parliament before the Central Bank could formally implement the currency change. If approved, the replacement process would be carried out gradually rather than through an immediate withdrawal of existing banknotes.

The full process is expected to take between three and seven years. Despite the Central Bank’s preparations, there has been no final decision to implement the currency reform. The project remains dependent on political approval and the passage of the required legislation.

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DESPITE GOVERNMENT DENIALS, A MEMBER OF THE FINANCE COMMITTEE CONFIRMS THE IMMINENT REMOVAL OF ZEROS FROM THE DINAR.

(Mnt Goat: More proof again they are moving ahead sooner not later with the project to delete the zeros. Now we have not just one member of Al-Zaidi’s cabinet but two members confirming this.)

It should be noted that “government statements issued earlier denied the existence of efforts to remove zeros from the Iraqi currency, after the Minister of Communications, Mustafa Sand, announced that there was a government intention to remove them.” 

Jamal Kojar, a member of the Finance Committee in Parliament, confirmed today (Tuesday , August 25 , 2026) that there is a government trend towards officially removing zeros from the Iraqi dinar and issuing a new paper currency.

According to The New Arab Network, as translated by Baghdad Today, Kujer said, “The government believes that removing zeros from the currency will bring great benefits to the country, explaining that there are requirements with ‘international’ standards that will be achieved by removing the zeros, including the transition to electronic currency trading, which will bring benefits in terms of combating corruption and developing commercial trading,” according to the network.

(Mnt Goat: They don’t need the newer lower denominations to trade the dinar as Vietnam is trading the Dong and they also have the three zeros left over from the Vietnam era war. What this is saying and confirming to us again they fully intend to remove the zeros as the first step in the process which is going to lead shortly afterwards to FOREX , where the dinar can be traded internationally.)

He added that “the Iraqi market also needs small denominations for local use, which is not currently possible with the presence of zeros,” stressing that “the main goal is to prevent currency smuggling abroad, and to limit its circulation outside the Iraqi banking system, and thus reduce corruption.”

He explained that “all criminal activities in the world are carried out through money that is traded outside the country’s banking system,” adding, “The government may put in place safeguards that enhance transparency in financial transactions by digitizing the currency after removing zeros from it, which helps in the process of combating financial corruption.”

The network also indicated that “the Iraqi government received recommendations from international bodies, including the United States, to remove zeros from the Iraqi currency, arguing that this would help to strengthen confidence in the Iraqi dinar and thus contribute to attracting more foreign investments,” while also confirming in its report that the Central Bank of Iraq “has not yet provided a timetable for implementing the process of removing zeros,” as it described it.

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PARLIAMENT SUPPORTS THE CENTRAL BANK’S EFFORTS TO ENHANCE MONETARY STABILITY AND PLEDGES LEGISLATION TO ACHIEVE THESE GOALS.

 The president received House of Representatives Hebat Al-Halbousi on Sunday, the governor of the central bank Nizar Nasser Hussein he and his accompanying delegation, while emphasizing the importance of developing the performance of the banking sector and raising the efficiency of financial institutions.

A statement from the office Al-Halbousi the meeting discussed a number of issues related to monetary policy and the banking sector, and prospects for developing the financial system in Iraq”

The president confirmed House of Representatives during the meeting, he expressed his support for the visions and directions adopted by the Central Bank, which contribute to strengthening monetary and financial stability, developing the performance of the banking sector, and raising the efficiency of financial institutions, in line with the requirements of the next phase. He stressed the importance of continuing to update and develop legislation related to banking and financial operations, in order to provide a suitable legal environment for implementing reforms and keeping pace with economic and technological developments.

He also indicated the Council’s readiness to support the necessary legislative amendments that contribute to achieving these goals, noting the importance of accelerating the steps of digital transformation in the banking and financial sector and expanding the use of technology and digital financial solutions, in order to enhance financial inclusion and raise efficiency. Banking services. This will reduce cash transactions, contribute to enhancing transparency and combating money laundering, and curb manifestations of financial corruption.

He also emphasized the need to strengthen coordination between the legislative authority, the central bank, and relevant government entities to ensure unified efforts in addressing financial and banking challenges, supporting the investment environment, revitalizing the private sector, and achieving sustainable economic growth.

For his part, the governor of the central bank reviewed the bank’s key directions and plans for developing the banking sector and enhancing digital transformation and financial services, stressing the importance of institutional and legislative cooperation to achieve the desired goals.

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IRAQ FINANCE COMMITTEE AND CBI DISCUSS CRISIS RESOLUTION STRATEGIES

At a Glance

• Iraqi Parliamentary committee hosted CBI officials over the financial crisis.
• Discussions focused on optimizing deficit-financing strategies and engineering proactive economic crisis solutions.
• Agenda items included addressing public sector payroll delays, inflation metrics, and foreign exchange reserves.

The Iraqi Parliamentary Finance Committee hosted Central Bank officials on Sunday to discuss strengthening monetary policy, financing the budget deficit, and implementing reforms to resolve the financial crisis.

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Key Statement and Focus Area

• Lawmaker Uday Awad Kadhim stressed “the importance of establishing advanced mechanisms to strengthen monetary policy, support financial and monetary stability, and work on maximizing revenues to help boost the country’s financial economy.”
• The CBI Governor provided a detailed explanation regarding the bank’s direction in monetary policy for the upcoming fiscal years.

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Uday Awad Kadhim chaired a meeting of the Finance Committee, during which the Governor of the Central Bank of Iraq, Nizar Nasser Hussein, the Deputy Governor, Shaimaa Abbas, and the senior staff were in attendance.

The high-level session focused on evaluating monetary frameworks, optimizing deficit-financing strategies, and engineering proactive fiscal solutions to navigate the ongoing economic crisis.

The committee reviewed inflation metrics, foreign exchange reserves, and the underlying factors causing public sector payroll delays.

The lawmakers evaluated the Central Bank’s revenue-generation strategy, foreign currency auction data, local exchange rates, and subsidized dollar distribution channels for travelers.

Additionally, the committee examined mechanisms for financing the budget deficit, including the possibility of lending to the government or discounting treasury bills to finance the deficit, along with its impact on the monetary system and the national economy.

The committee also examined deficit-financing options like government lending and treasury bill discounting to assess their impact on the national economy.

During the meeting, the CBI Governor detailed the bank’s monetary policy direction for upcoming fiscal years, outlining “mechanisms to maintain monetary stability, manage liquidity, and enhance the role of the policy interest rate, explaining the impact of monetary policy on economic activity and the importance of a gradual transition to support the real economy.”

Discussions examined banking sector development and structural economic reforms to bolster financial stability.

The panel further analyzed the Central Bank’s 2025 fiscal records to verify reserve sustainability and strengthen economic resilience.

FYI

Iraq is experiencing a severe fiscal crisis, shifting from a budget surplus to a 21.24 trillion IQD deficit in the first half of 2026. 

This shortfall stems from regional disruptions in the Strait of Hormuz, which have bottlenecked southern crude oil exports. Consequently, falling revenues have caused lengthy public sector salary delays and widespread market stagnation. 

While some officials are pushing for emergency measures like printing money, experts warn this could destabilize the country’s current inflation rate. 

Earlier, Lawmaker Dilan Ghafoor told Channel8 that the Iraqi Council of Representatives will conduct the reading of the Borrowing and Grants Bill of 2026, which defines the borrowing authorities of the Prime Minister and the Minister of Finance.

The Iraqi government is also reportedly seeking to pass a bill to delete zeros from the currency, aiming to restore liquidity to banks and activate the electronic system for financial transactions in the country.

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AL-ZAYDI CALLS ON TURKISH COMPANIES TO INVEST IN AIRPORT AND RAILWAY CONSTRUCTION AND OPERATION PROJECTS AS PART OF THE DEVELOPMENT PATH

Prime Minister Ali Faleh al-Zaidi affirmed to a delegation of Turkish businessmen on Tuesday that Iraq is witnessing a promising development phase, urging Turkish companies to capitalize on available investment opportunities.

A statement from his office indicated that “Prime Minister Ali Faleh al-Zaidi received on Tuesday the former Turkish Deputy Prime Minister and Minister of Treasury and Finance, Lutfi Elvan, and his accompanying delegation, which included a number of Turkish officials and businessmen.”

During the meeting, they discussed “prospects for bilateral cooperation between the two countries, particularly in the economic and investment sectors, and ways to strengthen the partnership, thereby opening up broader avenues for joint work and encouraging Turkish companies to participate in implementing strategic projects across various development sectors in Iraq.”

The Prime Minister emphasized that “Iraq is experiencing a promising development phase, calling on Turkish companies to take advantage of available investment opportunities, especially in airport construction and operation projects, railway projects within the Development Road project, and the construction of a metro line connecting the holy cities of Najaf and Karbala. He also highlighted investment opportunities in the electricity sector through the construction of thermal power plants and solar energy projects, as well as dam projects and the development of the agricultural sector.”

For his part, the former Turkish Deputy Prime Minister expressed the readiness of major Turkish companies to enter the Iraqi market and invest in it, stressing the growing confidence in the investment environment in Iraq, in light of the support and facilities provided by the government to enhance development paths and achieve economic growth.

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LIFTING SUBSIDIES AND TIGHTENING TAX COLLECTION: AL-ZAIDI’S GOVERNMENT APPROVES A NEW PACKAGE OF ECONOMIC DECISIONS.

 On Tuesday evening, Prime Minister Ali Faleh Al-Zaidi chaired the fifteenth regular session of the Council of Ministers, which witnessed a discussion of the latest developments in the general situation in the country, a review of the files on the agenda, and the adoption of a number of necessary decisions and measures regarding them.

The Prime Minister’s Media Office stated in a statement received by Noon News Agency that, as part of the government’s measures to increase export and import capacities, the recommendation regarding the purchase of crude oil was approved, based on the price of the State Oil Marketing Company (SOMO) or the price set in the general budget, whichever is lower, with a discount of (30%), to be determined annually, starting from September 1, 2026, and paid to the public treasury, provided that its financial effects are reviewed in detail, with the implementation of the aforementioned study being based on lifting subsidies on the prices of petroleum products for all sectors, with the exception of the main products supplied exclusively to citizens (gasoline, gas oil, kerosene, and liquefied gas) from September 1, 2026.

He added that “any support granted to any sector reduces the share of the public treasury, and the proposed mechanism will be presented to the Federal Board of Financial Control for the purpose of adopting the amended accounting policy to avoid future audit observations.”

In the oil sector as well, the council voted, according to the statement, to approve the mechanisms for exporting Iraqi oil through specialized international and local companies, and through different outlets, provided that the contracts are for a period of (3) working months starting from September 1, 2026.

The recommendation regarding exceptional approvals to increase export and import capacities was also approved, authorizing the Minister of Oil to create additional transport routes for the contracts concluded and currently in force, and the authority to renew those contracts, in addition to authorizing him to approve the import of petroleum products when needed to ensure the stability of their supply and prevent crises, provided that the Oil Pipelines Company completes the work of expanding the loading platforms.

The statement indicated that the council approved the commencement of work before signing the contract for the projects to rehabilitate the (IT2A) station and a supporting unloading station for the (IT1) station with a capacity of (300,000 barrels/day) in a way that ensures the speed of preparing imported raw materials, and in a way that does not affect the principles of competition and transparency.

Regarding the procedures for regulating oil sales mechanisms, the Council approved the recommendation related to the mechanisms for advance payment of the prices of Iraqi oil sales, and the methods for companies purchasing the value of shipments to deposit, and advance payments into the relevant accounts belonging to the Ministry of Finance and the Central Bank of Iraq.

He explained that the Council also approved the continuation of payments to the Basra Gas Company for the value of its products delivered to the South Gas Company, as it is a self-financing company, and that Cabinet Resolution (308 of 2026) be amended, in addition to approving the donation of the Ministry of Oil, with an amount of 5 billion dinars to the Ministry of Health, allocated for the purchase of medicines, medical and laboratory supplies.

In the electricity sector, the statement confirmed the approval of the recommendation of the Central Review and Approval Committee for Referrals at the Ministry of Electricity, regarding the adoption of Request for Proposals (RFP) documents in the electricity distribution sector.

According to the same statement, the Council approved the adoption of the principle of prepayment of customs duties and estimated tax deposits on imported goods, starting from October 1, 2026. The importer is required to deposit the foreign exchange transfer funds for import purposes with authorized banks, and these funds will not be transferred until the importer has paid the estimated customs duties and tax deposits through the ASYCUDA system and approved electronic payment mechanisms, and transferred them to the public treasury accounts and the relevant accounts at the Ministry of Finance, within (15) days.

He continued: “The calculation of customs duties and estimated tax deposits shall be based on the initial data provided by the importer, including the commercial invoice, shipping documents, or import and customs classification, type of goods, their origin and value, in accordance with the approved customs tariff schedules.”

As part of the government’s efforts for administrative and financial reform, the Council voted to amend the instructions for regulating write-off procedures and accounting treatments, which include sending all government entities the minutes of write-off of debts and assets to the Federal Financial Control Bureau for auditing before the decision to write off is taken by the authorized entity, and the Ministry of Finance amended the instructions for regulating write-off procedures and accounting treatments (1 of 2022) to ensure the aforementioned amendment, according to the statement.

The Cabinet approved the Ministry of Transport/Air Navigation Company funding the Ministry of Finance with an amount of 15 billion dinars, allocated to border crossings, to develop the infrastructure of the Rabia, Al-Walid and Safwan crossings, in addition to suspending the implementation of Cabinet Resolution (963 of 2025) until the end of 2026, provided that the local market is monitored during the suspension period. 

The statement concluded by saying that “the Council voted to approve the extension of the Independent High Electoral Commission’s occupancy of school buildings until December 31, 2027, provided that the Commission submits a plan that includes time limits for vacating the occupied classrooms and school buildings in stages. The Minister of Trade or his designee was also authorized to negotiate and sign the draft agreement for economic, trade, scientific, cultural, artistic and sports cooperation between Iraq and the Republics of Nigeria and Zambia.”

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AL-ZAYDI: WE WILL PROCEED WITH PASSING THE POPULAR MOBILIZATION FORCES LAW AS PART OF THE ARMED FORCES.

Prime Minister Ali Faleh al-Zaidi affirmed on Thursday that the Popular Mobilization Forces enjoy the attention and care of the government, which will proceed with submitting the Popular Mobilization Forces Law for approval, as it is part of the formations and branches of the armed forces, indicating that Iraq is witnessing today a phase of building after completing the requirements of the process of defending sovereignty.

This came according to a statement from the Prime Minister’s Media Office, which was received by Shafaq News Agency, during Al-Zaydi’s reception of the head of the Badr parliamentary bloc, Hammam Ali Mahdi Al-Tamimi, and members of the bloc.

The office added in its statement that the meeting included discussions on the general situation in the country, politically, economically and in terms of security, and the government’s efforts in implementing its reform and development programs.

According to the statement, Al-Zaydi stressed the important role of the legislative authority in combating corruption and prosecuting corrupt individuals, explaining that “the government’s project is based on building a state based on a solid economy,” and emphasizing “the importance of finding radical solutions to problems with a new and innovative vision, and not postponing them.” 

For their part, the head and members of the Badr bloc affirmed their absolute support for the government in all its reform steps and procedures, especially in the field of combating corruption and regulating weapons in accordance with constitutional mechanisms.

While some forces expressed a willingness to reorganize their military and security relationship with the state, other factions, including Kataib Hezbollah, Harakat al-Nujaba and Kataib Sayyid al-Shuhada, announced their refusal to relinquish their military capabilities, and linked any discussion about their weapons to the end of the presence of foreign forces and ensuring the protection of Iraq from external attacks.

September 30th also coincides with the deadlines related to ending the international coalition’s military presence in Iraq, which some factions use as a basis for linking the future of their weapons to the withdrawal of foreign forces.

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AL-ZAYDI: EMPLOYEES’ SALARIES ARE SECURED AND THERE IS A FINANCIAL PLAN FOR THE COMING YEARS… AND THERE WILL BE NO RETREAT FROM RESTRICTING WEAPONS TO THE STATE.

• Al-Zaydi: A new budget focuses on electricity and solar energy… and a plan to reach 10 million barrels of oil within 6 years.
• The government is working to activate border crossings and has put in place more than one solution to the economic problems facing the country.
• The government has worked to activate border crossings and enhance the alternatives available for trade, which will help Iraq deal with the repercussions of regional developments and maintain economic stability.
• The government will send the draft budget law soon. It will be a roadmap for Iraq’s economic future and will focus on the electricity sector in production, distribution and transmission, and expanding the use of solar energy.

• Al-Zaidi: We were able to secure salaries and find alternative routes for oil exports, aiming to reach 10 million barrels per day and push for an increase in Iraq’s share in OPEC.
• The government is working to expand exports through the Turkish port of Ceyhan, and through Banias and Aqaba, and there are efforts to increase Iraq’s export quota through the “OPEC” organization.
• The government’s interest in the private sector means “the door is open” to it, and the development fund will have a capital of $100 billion through the contribution of the central bank and public subscription.

Al-Zaydi said during a speech at the opening of the eighth “Baghdad Dialogue” conference organized by the Iraqi Institute for Dialogue that “closing the Strait of Hormuz represents a major challenge,” noting that the strait was not closed even during the days of the embargo.

He pointed to the project of one million residential plots of land, which will extend for three years and the last recipients will be in 2029. It was emphasized that there would be no retreat from the fight against corruption, and that the government enjoys broad support from political forces to proceed with restricting weapons to the state.

Regarding foreign relations, the Prime Minister said that Iraq supported transforming its role “from an arena of conflict to a bridge for negotiation and understanding,” stressing that “our country’s weight is influential and decisive in the stability of the region.”

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QALIBAF: IRAQ IS IRAN’S FIRST PARTNER IN THE NEW SECURITY SYSTEM FOR THE REGION

(Mnt Goat: will the US go along with this proposal. I don’t think so. Do we want Iran creating any security system in the region? Doesn’t his seem weird to you in light of the Iranian conflict going on between Israel, U.S, and Iran. Really now, Iran will try anything to stay in power. These are all signs they are failing and failing fast…)

Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated that economic cooperation between Iran and Iraq has entered the implementation phase. He noted that a delegation from the Iraqi Chamber of Commerce will travel to Iran within the next two weeks to meet with economic experts and activists in the economic sector to discuss the implementation of joint practical projects between the two countries.

At the conclusion of his three-day visit to Iraq, Ghalibaf added that discussions with Iraqi officials covered security, political, and economic issues, as well as the issue of armed factions. He emphasized that Iran will “absolutely” not interfere in Iraq’s internal affairs, while also pointing out that Iraq is the primary country with which Iran can play an influential role in the “new security order of the region,” and that its cooperation in this area will expand compared to the past.

Qalibaf stated in remarks carried by the official IRNA news agency, and reviewed by 964 Network , that “it was decided to begin actual work on economic cooperation between Iran and Iraq during the visit of a delegation from the Iraqi Chamber of Commerce to Iran, and the meeting with experts from the Chamber and economic activists.”

He added on Friday night at the conclusion of his three-day visit to Iraq, “The atmosphere in the talks with senior Iraqi officials indicated a friendly and fraternal atmosphere, and the meetings and discussions showed that Iraq is on the verge of the final and decisive withdrawal of foreign forces from it, which have remained in it for many years after occupying Iraq’s land and skies.”

He continued, “God willing, these forces will withdraw from Iraq, and the sovereignty and full independence of the Iraqi people and government will be established without the presence of any foreign forces, and this is a very important event.”

He explained that “this visit was an opportune moment to discuss security, political, economic and cultural issues with Iraqi officials, and a detailed memorandum of understanding was signed between Iran and Iraq in the field of security and border security during this visit.”

Qalibaf emphasized, “During these meetings, discussions took place regarding security issues and the issue of Iraqi factions. Of course, Iran will never interfere in Iraq’s internal affairs, and any agreement reached by the factions and Iraqi officials within the framework of the constitution, while preserving their independence, will be supported by Iran as a neighboring, friendly, and brotherly country.”

He added, “The brotherly and friendly country, Iraq, is the first country with which we can be very influential in the new security system of the region, and take bigger steps in this area than we have been in the past.”

He said, “The sanctions have put pressure on both countries, but at the same time they are a great opportunity for close cooperation. Accordingly, a delegation from the Iraqi Chamber of Commerce will travel to Iran in the next two weeks to meet with experts from the Chamber and economic activists from the country.”

He explained that “with the presence of officials from the relevant ministries at these meetings, practical and field-based economic work will certainly be carried out in various fields in cooperation between the two countries.”

Qalibaf began his visit to Iraq on Wednesday (August 20) at the head of a parliamentary delegation to consult and discuss with Iraqi officials political, economic, security and cultural issues. After arriving at Baghdad Airport, Qalibaf visited the site of the martyrdom of the leaders of victory, Hajj Qassem Soleimani and Abu Mahdi al-Muhandis, and paid tribute to their memory.

During his visit to Iraq, the Speaker of the Islamic Consultative Assembly met with Speaker of Parliament Hebat al-Halbousi, President Nizar Amidi, Prime Minister Ali Faleh al-Zaidi, National Security Advisor Qasim al-Aboudi, and Chief Justice Faiq Zaidan. He also delivered a speech at a meeting of Iranian and Iraqi economic activists.

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WILL THE (SUDANESE-AMIRI-MALIKI) COMMITTEE SUCCEED IN PASSING THE “WEAPONS MANAGEMENT” INSTEAD OF DISARMING THEM?

(Mnt Goat: let’s wait and see what the U.S. is going to do about this proposal. Will they accept it? I doubt it. Meanwhile Sept 30^th is coming…. )

The deliberations of the Baghdad Dialogue Conference revealed a remarkable shift in the arms issue, with a clear retreat from dealing with September 30 as a final date for restricting weapons to the state, while a trend emerged to deposit the factions’ weapons in the Popular Mobilization Forces’ warehouses instead of the army, which means that missiles and drones will remain within a system led by Abu Fadak al-Muhammadawi, a leader in the Kataib Hezbollah and deputy head of the Popular Mobilization Forces.

Meanwhile, Prime Minister Ali al-Zubaidi appeared more frustrated than ever, expressing his wish that “time would fly by” to hasten the end of his term, while denying any intention of seeking a second term. On the issue of corruption, his striking statement was that Iraq no longer has money for corrupt officials to steal, alluding to the months-long halt in oil exports.

The data indicates that the forces of the Coordination Framework and the leaders of the Popular Mobilization Forces are trying to contain the situation by granting the government the right to conduct surprise inspections of the Popular Mobilization Forces’ warehouses, with the possibility of counting missiles and drones and verifying that they are not being used outside the decision of the Commander-in-Chief of the Armed Forces, in a settlement that seems closer to monitoring weapons than handing them over.

Following the visit of Iranian Parliament Speaker Mohammad Baqer Qalibaf to Baghdad, a committee comprising Hadi al-Amiri, Mohammed al-Sudani, and Nouri al-Maliki moved within the coordination framework to discuss the fate of the factions’ weapons, amid messages from armed forces seeking a formula to prevent sliding into a direct confrontation.

Deputy Speaker of Parliament Adnan Faihan affirmed that weapons would remain under the command of the Commander-in-Chief, denying the possibility of a “Shia-Shia war” and indicating that the leaders of the framework had been tasked with organizing the inventory of weapons. However, he emphasized that weapons would be stored within the Popular Mobilization Forces’ depots, as they are part of the state, thus making the core of the crisis related to the control mechanism, not merely the storage location.

The most controversial proposal involves registering all faction weapons with the Weapons Inventory Committee, granting the government and the committee the right to jointly inspect warehouses operated by the Popular Mobilization Forces and the factions.

Meanwhile, negotiations continue to avoid addressing the issue of individuals and elements affiliated with the factions, leaving one of the most sensitive aspects of the weapons issue outside the current settlement.

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AL-MALIKI AND AL-FAWADI DISCUSS THE ISSUE OF RESTRICTING WEAPONS TO THE STATE.

 Baghdad/Al-Masalla: On Sunday, Nouri al-Maliki, head of the State of Law Coalition, and MP Haider al-Fawadi, head of the political bureau of the Reconstruction and Development Coalition, stressed the importance of continued communication and coordination between political forces to confront challenges.

The media office of the State of Law Coalition stated in a statement received by Al-Masalla Agency that “the head of the State of Law Coalition, Nouri al-Maliki, received in his office the head of the political office of the Reconstruction and Development Coalition, MP Haider al-Fawadi, and the delegation accompanying him.”

He noted that “the meeting discussed the latest developments on the political scene, and the importance of coordinating positions and strengthening relations between the various national forces, in order to support political stability and consolidate joint national action.”

The statement continued: “The meeting also addressed the issue of restricting weapons to the state, and the need to continue efforts aimed at strengthening the authority of the state and its institutions, in addition to discussing economic challenges and ways to address them in a manner that ensures the protection of citizens’ interests and supports economic stability in the country.”

According to the statement, both sides emphasized “the importance of continued communication and coordination between political forces, and joint action to confront the challenges facing Iraq, in a way that serves the supreme national interest.”

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“AL-MALIKI HAS NOT BACKED DOWN”… HIS COALITION SENDS THE NAMES OF ITS CANDIDATES FOR THE INTERIOR AND DEFENSE MINISTRIES

 The media office director of Nouri al-Maliki, leader of the State of Law Coalition, denied on Thursday the existence of any understandings or agreements regarding relinquishing the Ministry of Interior, stressing that the issue is “not even on the table.”

Hisham al-Rikabi said in a statement via the website (X) that what some media outlets have reported regarding understandings or agreements related to al-Maliki giving up the Ministry of Interior is “untrue,” stressing that what is being circulated in this regard “is not based on any correct information.”

For his part, MP Othman Al-Shaibani, from the State of Law Coalition, said in a brief statement to Shafaq News Agency that the coalition had sent the names of its candidates for the portfolios of the Ministry of Interior and the Ministry of Higher Education to Prime Minister Ali Al-Zaidi, in preparation for deciding on the selection of the two ministers in the coming days.

A source told Shafaq News Agency that Prime Minister and Commander-in-Chief of the Armed Forces Ali al-Zaidi is still committed to managing the Ministries of Defense and Interior “on an acting basis,” given his satisfaction with the performance of the current leadership, denying the existence of any political agreement or intention to decide on the names of the two ministers at the present time.

On May 14, 2026, the Iraqi parliament granted confidence to the government of Ali Faleh al-Zaidi and its ministerial program, and voted on 14 ministers out of 23, while nine portfolios remained postponed due to disagreements over names and quotas, including the Interior, Defense, Higher Education and Planning ministries.

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AL-ZAYDI RECEIVES THE NAMES OF THE CANDIDATES FOR THE MINISTRIES OF INTERIOR AND EDUCATION

The State of Law Coalition announced on Saturday that it had sent the names of its candidates for the Interior and Education portfolios to Prime Minister Ali al-Zubaidi.

In a statement, MP Othman Al-Shaibani, from the State of Law Coalition, said that “the State of Law Coalition has sent the names of its candidates for the portfolios of the Ministry of Interior and the Ministry of Higher Education to Prime Minister Ali Al-Zaidi, in preparation for finalizing the selection of the two ministers in the coming days.”

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MUZHIR MUHAMMAD SALIH: THE 2027 BUDGET IS BASED ON AN OIL PRICE BETWEEN $50 AND $60.

  The Prime Minister’s financial advisor, Mazhar Muhammad Salih, described the 2027 budget as one of the most complex budgets in terms of planning, given the geopolitical challenges surrounding Iraq, suggesting the adoption of a hypothetical oil price ranging between $50 and $60 per barrel.

Saleh said in a press statement that the upcoming budget will place salaries, wages, grants, pensions and the social welfare network at the top of

its priorities, stressing that these items represent a “red line” that cannot be crossed.

He added that operational spending will focus on key sectors, including the maintenance of electricity networks, national security, and the provision of medicines and food baskets, which he described as “a safety valve for the Iraqi people.”

On the investment side, Saleh stressed that the electricity sector will be given top priority, noting that “electricity today is a matter of life or death for the economy and society,” and that the government program attaches great importance to the reconstruction and maintenance of power networks and addressing the electricity crisis that has been ongoing for years.

Regarding oil revenues, he explained that adopting a price between $50 and $60 per barrel comes as a precautionary measure to counter the fluctuations in global oil markets and the risks to trade routes, especially developments related to the Strait of Hormuz and its potential impact on Iraqi exports.

Saleh predicted that Iraq would return to exporting more than 3 million barrels per day after the end of the Strait of Hormuz crisis, suggesting the possibility of preparing a supplementary budget in the middle of 2027 if financial revenues improve.

Regarding the preparation of the budget, he indicated that the draft budget law will be transferred from the Ministry of Finance to the Cabinet in the coming days, and will then be referred to the House of Representatives to complete the procedures and legislative readings.

He pointed out that the state is moving towards implementing program and performance budgeting in a partial and gradual manner, with the aim of enhancing spending efficiency and linking government spending to the results achieved, instead of being satisfied with traditional oversight of spending.

Finance Minister Faleh Sari had previously announced the formation of five ministerial committees to prepare the draft general budget law for 2027, in cooperation with the World Bank.

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SALARY PAYMENTS IN IRAQ HAVE BEEN DELAYED UNTIL THE END OF THE MONTH OR THE BEGINNING OF NEXT MONTH DUE TO “LIQUIDITY SHORTAGES AND FUNDING DELAYS”.

 An informed source revealed on Tuesday that the payment of state employees’ salaries may be delayed until the end of this month or the beginning of next month, attributing this to the fact that funding for ministries and state institutions has not yet been released, despite the month having passed.

The source explained in a statement to Shafaq News Agency that the process of funding and disbursing salaries is carried out for each ministry and institution separately and sequentially, which takes several days and delays the completion of the disbursement process for all employees.

He pointed out that a number of government banks are facing a shortage of cash liquidity as a result of the decline in their cash assets, which limits their ability to provide financing or enter into domestic borrowing operations.

The source added that the absence of credit plans related to the work of some government banks, along with weak management in a number of them, contributed to the decline in the level of banking services, as well as the decrease in withdrawal and deposit activity, which negatively affects the levels of available liquidity.

He stressed that addressing the liquidity crisis requires strengthening the cash assets of government banks and revitalizing banking and credit operations, in addition to developing clear plans to support the banks’ ability to finance the needs of state institutions and ensure the smooth disbursement of salaries on time.

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US TREASURY CHIEF UNVEILS ‘OPERATION ECONOMIC OUTCAST’ CAMPAIGN AGAINST IRAN

“Around the globe, our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone,” Bessent told reporters.

US Treasury Secretary Scott Bessent on Monday unveiled plans for what he called the “Operation Economic Outcast” of Iran, expanding Washington’s secondary sanctions threats and warning countries and financial institutions that refuse to join the pressure campaign of potentially severe consequences.

Bessent’s remarks came nearly six months into the war between the United States, Israel and Iran, which has reached a stalemate amid stalled peace talks and restrictions on shipping through the strategic Strait of Hormuz.

“Around the globe, our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone,” Bessent told reporters.

“We are going to hold everyone accountable, and this is economic asphyxiation of this regime,” he said.

Bessent warned that countries that decline to participate in the US sanctions campaign would “share in the isolation” of Iran. He also said US President Donald Trump was calling foreign leaders and asking them to halt economic interactions with Tehran.

The US Treasury Department said it had issued determinations targeting five sectors — digital assets, technology, gold, aviation and shipping — that it accused the Iranian government of using to support its economy.

Bessent also warned that any entity facilitating money laundering on behalf of Iran would be “removed from the US dollar system.”

Asked whether Chinese banks conducting business with Iran could face sanctions, Bessent said, “no one is above the reach of US sanctions.”

Earlier, Bessent described the campaign as an “economic D-Day” against Tehran in an opinion article published by the Financial Times.

The measures mark a shift in Washington’s approach as the conflict enters its sixth month, with the Trump administration increasingly emphasizing economic pressure after months of military confrontation.

Trump on Monday said Iran was “completely collapsing” in a post on his Truth Social platform, as his administration shifted its focus from military action toward a broader economic campaign aimed at weakening Tehran.

The United States and Israel launched their military offensive against Iran on February 28, triggering Iranian retaliation across the region and disrupting energy and maritime trade.

Iran has since restricted most traffic through the Strait of Hormuz, a critical global energy route, while negotiations aimed at ending the conflict have stalled.

In Tehran, the Islamic Revolutionary Guard Corps (IRGC) said Monday it was ready to strengthen cooperation with the Iranian government to confront what it described as an economic war and broad sanctions imposed by Iran’s adversaries.

According to Iran’s Tasnim News Agency, the IRGC said coordination with the government was essential to overcoming sanctions and strengthening national resilience, signaling closer cooperation between Iran’s military establishment and the government as Washington intensifies its economic pressure.

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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

s

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

ABOUT THE NEWSLETTER:

August 18, 2026 Mnt Goat News Brief

Guten Tag everyone:

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

Is Iraq about ready to remove the zeros or not?

GIVE A GIFT TO MNT GOAT

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

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

 Let’s all try to chip in!

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Proverbs 11:25

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

STATUS OF THE RV

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

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

____________________________________

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

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

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

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

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

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

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

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

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So, let’s get on with the details…

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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A CONVERGENCE OF EVENTS:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Hey! Can the news get any better?

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REMOVING THE ZEROS: THE TIE TO ASYCUDA: 

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

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

The ASCUNDA system is designed to:

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

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

Related Digital Initiatives

Iraq has been advancing several digital reforms:

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

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

Current Status of ASYCUDA:

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

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

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

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

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UPDATE: On Disarming Militias and Factions

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

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

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

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

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

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

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

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

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

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

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

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

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

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SUMMARY

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

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

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

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

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

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

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

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

and then again in

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

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

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

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

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

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

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Let’s keep our prayers alive. There is a deep spiritual dimension at work today bringing about this reset. I believe we are closer than ever for the dinar to get reinstated. But first things first. Part of the mess in the US must be cleaned up too. Then certain laws in Iraq must be passed. Certainly, reviving the economy to at least 45%-50% non-oil revenues could make a huge difference for Iraq and the IMF. Let’s also let the Abraham Accords take effect as more Arab countries join in. By now everyone should be fully aware of these events that caused delays in the currency reform process. This is not rocket science to understand. We are not in control over these obstacles. We need to STOP spreading rumors and over speculating.

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

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

                                             Just the FACTS!

                                         

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

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

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

Prophetic Words from the prophets:  Julie Green

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

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

 “Liars Are Being Exposed“

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

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

IS THERE REALLY FAKE NEWS?

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

Fr. DON BOSCO EXPOSED THE DARK SECRET BEHIND ISLAM

I keep this one out here to view. Everyone should take the time to watch it. It will awaken you about the Muslim so-called religion (or should we call it for it is — a ‘cult‘.)

— And the truth the world forgot about the so-called Muslim religion.

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

MUSLIM BROTHERHOOD NETWORK IN AMERICA

The ‘over-arm’ of the Muslim Brotherhood in the US.

FARAGE’S HUGE DEPORTATION ANNOUNCEMENT

Oh…. they say in the U.S. it’s just the crazy republicans who want deportation. Really? This is a global issue not just a U.S. democrat or republican issue. We must cut off the head of snake that brought this problem to our nations to begin with….and who is this snake?

VP VANCE JUST OVERRULED THE PARLIAMENTARIAN — THE SAVE ACT PASSES WITH 51 VOTES

FAUCI HIT WITH SUBPOENAS FROM MULTIPLE STATES

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

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

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

Oh boy are you in for an awakening…..

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

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

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

IRAQ OPENS THE FILE ON PUBLIC FUNDS: STRIKING AT PRIVILEGES AND REMOVING ZEROS

Amid the financial and economic pressures facing the Iraqi state, the files of public funds, privileges, double salaries, and reforming the monetary system are returning to the forefront of discussion within the House of Representatives, with a set of proposals aimed at rearranging government spending, tightening control over the wealth of officials, and strengthening the position of the Iraqi dinar.

The proposals put forward do not stop at amending one law, but open a wider discussion about the form of the state’s financial management, the size of spending on officials, and the extent to which regulatory institutions are able to uncover illicit funds, leading up to a controversial proposal related to removing zeros from the Iraqi currency.

At the forefront of the files is the proposal to amend the Integrity and Illicit Gains Authority Law, with the aim of tightening the procedures for disclosing financial assets and holding accountable those taxpayers who show a large and unjustified increase in their funds.

This issue is of particular importance in a country that has been suffering for years from the challenges of corruption and abuse of power, since combating illicit enrichment does not depend solely on penalties after the violation has occurred, but requires an effective system to monitor the growth of wealth and link financial declarations to banking, real estate and commercial information.

The proposals also aim to tighten procedures against those who refuse to submit financial disclosure statements, with violators being referred to the judiciary if illicit gains are proven.

The most politically and popularly sensitive issue is related to double salaries and financial privileges, where it was proposed to prevent one person from receiving more than one salary under any title, in addition to reorganizing a set of benefits that officials and employees in state institutions receive.

The idea here is based on a simple principle: Citizens cannot be asked to rationalize their spending while the doors of government privileges remain open without clear limits.

In the same context, one of the proposals includes setting a fixed monthly salary for a member of the House of Representatives worth five million dinars, while regulating allowances and privileges, reducing the number of employees, security personnel, escorts and advisors, in addition to controlling the use of government cars and aircraft and subjecting spending to the control of the competent authorities.

These measures, if they are turned into effective legislation and actually implemented, could provide significant sums for the treasury, but at the same time they will face a difficult political test, because reforming privileges often clashes with the interests of those who benefit from them.

In a parallel track, another proposal emerged concerning the reform of the financial and monetary system, which includes combating money laundering, restricting the movement of funds within official banking channels, recovering smuggled funds, and bringing informal capital into the economic cycle.

But the most controversial proposal is to remove zeros from the Iraqi dinar, or what is known as renaming the currency, as part of a broader strategy to reform the monetary system.

Here, a distinction must be made between removing zeros and increasing the real value of the currency. Removing three zeros, for example, does not automatically mean that citizens have become wealthier or that the purchasing power of the dinar has increased; the success of this step depends on economic stability, controlling inflation, managing the money supply, the strength of the banking system, and citizens’ confidence in the currency.

Therefore, any project to rename the dinar needs careful study and a clear transition mechanism that ensures there is no confusion in prices, contracts, salaries, savings, and commercial transactions.

The Iraqi problem is not just in the form of the currency, but in an entire economic system that needs simultaneous reforms that include banks, non-oil revenues, government spending, tax evasion, money laundering, the exchange market, and the monetary economy.

Hence, removing zeros, if done alone, may be a mere arithmetic change, whereas if it comes as part of an integrated economic program, it may become part of a broader monetary reform process.

Ultimately, Iraq has an opportunity to reopen the public finance file from a different angle: reducing privileges, combating illicit gains, controlling double salaries, recovering smuggled funds, and reforming the monetary system. But the success of these ideas will not be measured by the number of proposals that reach parliament, but rather by the state’s ability to turn them into fair laws that apply to everyone without exception.

True financial reform does not begin with simply removing three zeros, nor with reducing an official’s salary, but rather with building a state that knows where its money goes, who receives it, and how to protect it from waste and corruption.

The real battle is not with the zeros on the currency, but with the zeros in the accounts of oversight and accountability.

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NECHIRVAN BARZANI: I CAME FROM TEHRAN WITH A MESSAGE TO RESTRICT WEAPONS… THE STATE PAYS BOTH THE POPULAR MOBILIZATION FORCES AND THE FACTIONS.

 

The President of the Kurdistan Region, Nechirvan Barzani, revealed that Prime Minister Ali Zaidi asked him to speak with Iranian officials about restricting weapons during his recent visit to Tehran, revealing that the Iranian side officially informed him of its readiness to help Baghdad in this matter.

Barzani explained, in an interview with journalist Hisham Ali, which was followed by 964 Network , “The Iranian officials told me: Tell Prime Minister Zaidi, we are ready to help him in this matter,” noting that he asked them: “Is this your official position?” They said: “Yes, this is our official position.”

The Popular Mobilization Forces and factions:

Regarding the Kurdistan Region’s position on the Popular Mobilization Forces, Barzani explained that the region “has special respect for the sacrifices of the Popular Mobilization Forces and the Iraqi army, along with their Peshmerga comrades in Kurdistan, who are defending the Iraqi people.”

In response to a question about his view of the difference between the Popular Mobilization Forces and the factions, Barzani said: “Many times when we visit Baghdad, we talk about the difference between the Popular Mobilization Forces and the factions, but ultimately, the factions or the Popular Mobilization Forces, their budget comes from the Iraqi state.”

He added that the region’s position on the factions “is not that we are against these factions, but the fundamental question is: Where is Iraq headed? We are all in the same boat, whether in Baghdad, Basra or Zakho, and we see that these actions carried out by the factions are not in the interest of Iraq or its future.”

He continued: “These factions threaten neighboring countries and attack Arab countries with drones. Is it reasonable for there to be a force inside Iraq that is a source of threat to neighboring countries? In addition, it is a source of threat to the Kurdistan Region.”

Who rules Iraq?

Regarding the government program and the restriction of weapons, Barzani said, “The government program presented by Prime Minister Ali al-Zaidi clearly states: Weapons must be restricted to the state,” considering that these forces “must be under the umbrella of the Commander-in-Chief of the Armed Forces.”

Therefore, Barzani asked: “Who rules in Iraq? Is it the Prime Minister? Is it the political forces that rule? Or are they outlaw groups?”

International and regional isolation

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

He pointed out that “the Kurdistan region has been bombed a thousand times, and Iraqi security headquarters inside Baghdad have been bombed,” asking: “Why do we link the issue of restricting weapons to America?”

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

He added, “Arab countries and neighboring countries want to help Iraq, and I know how much the Gulf countries want to invest in Iraq, but this is not happening in this way.”

We know who is bombing Kurdistan regarding the attacks targeting the Kurdistan Region, Barzani said that “most of the bombing operations were launched from inside Iraq, and some attacks were launched from Iran during the forty-day war.”

He explained that “the attacks from inside Iraq were launched from Mosul, Kirkuk, Salah al-Din and Tal Afar,” adding: “We have 100% information about the parties carrying out these attacks, and we even know the units that carry out these attacks, and this information is very accurate.”

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QAANI HOLDS BAGHDAD TALKS ON FUTURE OF IRAQI ARMED GROUPS

Iran’s IRGC Quds Force chief meets Coordination Framework leaders as Sept. 30 deadline for state control of weapons approaches

Islamic Revolutionary Guard Corps (IRGC) Quds Force Commander Esmail Qaani has arrived in Baghdad for talks with senior Iraqi political and armed-group leaders, with discussions reportedly focusing on the future of weapons held by factions outside the state security structure.

An informed source told Kurdistan24 that Qaani is leading a high-level military and security delegation and has already met with figures from the Coordination Framework, including Badr Organization leader Hadi al-Amiri, as Baghdad approaches a Sept. 30 deadline to place all weapons under state control.

The unannounced visit comes at a politically sensitive moment for Iraq, where the government is attempting to resolve the status of powerful armed factions while preventing regional tensions from spilling onto Iraqi territory.

Qaani’s Baghdad meetings

According to the source, Qaani has held a series of meetings with Coordination Framework leaders and commanders of several armed groups, with further talks expected during his stay.

The discussions are reportedly centered on two major issues: the fate of weapons held by Iraqi armed factions and arrangements concerning Iraq’s ability to export oil through the Strait of Hormuz.

The weapons issue has become one of Baghdad’s most difficult political and security challenges.

Iraqi political forces have set Sept. 30 as the deadline for bringing weapons exclusively under the authority of the state and its official institutions.

The timing of Qaani’s visit has therefore drawn particular attention, as Iran maintains close political and security relationships with several of the Iraqi factions affected by the government’s policy.

Baghdad presses for state control:

Iraqi government spokesperson Haider al-Aboudi said Monday that no institution or organization should control weapons outside the framework of the state.

Speaking at a press conference, al-Aboudi called for armed groups operating outside official security institutions to return under state authority, saying the process requires a “deep and comprehensive dialogue.”

He said there was a high degree of understanding between the government and armed groups and that Baghdad remained committed to advancing and monitoring the process.

The government’s position reflects a broader effort to reinforce the authority of Iraqi state institutions amid regional instability and competing security arrangements.

Al-Aboudi also said the government expects the planned September withdrawal of US forces to proceed according to an agreed timetable, with responsibilities transferred to the Iraqi army.

Factions remain divided

Despite Baghdad’s push for a unified weapons policy, Iraqi armed factions remain divided over whether and how they should surrender or regularize their arsenals.

Some groups have indicated a willingness to bring their activities into a formal state framework.

Others, including Kata’ib Hezbollah, Harakat al-Nujaba and Kata’ib Sayyid al-Shuhada, have reportedly linked any disarmament to the complete withdrawal of foreign forces from Iraq. The disagreement presents a significant challenge for the government, particularly as the September deadline draws closer.

The State Administration Coalition has previously warned that armed activity outside state institutions after the deadline could be treated as terrorism, while Iraqi security forces have raised their readiness levels amid concerns over possible escalation.

Iran seeks to contain regional tensions:

Qaani’s visit also follows heightened tensions involving Iraq, Saudi Arabia and Iran-aligned armed factions.

Abdul Rahman al-Jazairi, head of the political bureau of the Iraqi National Current and a leading Coordination Framework figure, told Kurdistan24 that senior IRGC officials had recently conveyed a message to Hadi al-Amiri urging Iraqi armed groups to halt attacks against Saudi Arabia.

According to Jazairi, the message was directed toward factions including Harakat al-Nujaba, Kata’ib Hezbollah and the group led by Abu Ala al-Walai. He said Tehran was encouraging the factions to pursue political and diplomatic channels rather than military action.

The reported intervention comes as Baghdad prepares for Prime Minister Ali al-Zaidi’s expected visit to Saudi Arabia, which Jazairi said would address several sensitive issues, including arms control, the economy and corruption.

The development suggests that the question of Iraqi armed groups is increasingly linked not only to Baghdad’s domestic security policy but also to wider regional efforts to prevent Iraq from becoming a launchpad for attacks against neighboring states.

A broader test for Baghdad

The government faces a delicate balancing act: enforcing state authority over weapons while maintaining political support among factions that form an important part of Iraq’s governing system.

The issue is further complicated by the future of US forces in Iraq.

Al-Aboudi said the September withdrawal deadline must be respected, while Jazairi separately claimed that undisclosed understandings could link the withdrawal of US forces to guarantees that armed factions keep their weapons under state control and halt drone operations from Iraqi territory.

Those claims have not been independently confirmed.

Qaani’s meetings in Baghdad therefore come at a critical juncture. His discussions with Iraqi political and armed-group leaders could influence how Iran-aligned factions respond to the government’s September deadline and whether Baghdad can achieve a negotiated transition toward greater state control.

For the Iraqi government, the challenge is no longer simply establishing a legal principle that weapons belong under state authority. It is determining whether that principle can be implemented without triggering a political or security confrontation with factions that retain significant military and political influence.

With the deadline approaching, Qaani’s Baghdad talks are likely to be closely watched as Iraq attempts to reconcile the demands of state sovereignty, armed-group influence, the US military presence and the wider regional struggle for influence.

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AL-ZAYDI: THE GOVERNMENT IS WORKING TO BUILD A NEW ECONOMIC IRAQ.

  

Prime Minister Ali Faleh al-Zaidi stressed the importance of the role of the House of Representatives and the Finance Committee in supporting the work of the government and its reform program, pointing to the heavy legacy of files and challenges it inherited. While he indicated that the government is working on preparing a strategy that is to build a new economic Iraq and corruption-free departments, he pointed out that the electricity file will receive exceptional attention.

This comes at a time when al-Zaidi received, on Monday, an official invitation from the Prime Minister of Japan, Sanae Takaichi, to visit the Japanese capital, Tokyo.

A statement from the Prime Minister’s Media Office, received by Al-Sabah newspaper, indicated that “Al-Zidi hosted the Chairman and members of the Parliamentary Finance Committee yesterday, Monday, in the presence of the Minister of Finance and the Governor of the Central Bank of Iraq, to ​​discuss financial and economic plans and policies, and coordination between the executive and legislative branches on priority issues.” Al-Zidi emphasized the importance of the role of Parliament and the Finance Committee in supporting the government’s work and its reform program, noting the heavy legacy of issues and challenges it inherited, which it is working to address according to a clear vision. He added that the government has begun, for the first time, preparing a program and performance budget, which represents a roadmap for Iraq’s economic future, linking government spending to objectives and results and improving the efficiency of public funds use.

The Prime Minister affirmed that the electricity sector would receive exceptional attention, urging members of Parliament to exercise their oversight role in supporting the government’s efforts to combat corruption and eliminate its sources. He emphasized that there would be no red lines in pursuing corrupt individuals. Al-Zaydi also explained that the government is working on a state-building strategy that includes establishing a new economic Iraq, corruption-free institutions, and constitutional security bodies. He noted the strong interest and interest of major international companies in investing in Iraq and the readiness of global financial institutions to support its economy. He affirmed the government’s commitment to creating a suitable environment for attracting investments and revitalizing various economic sectors. The Prime Minister directed the preparation of a schedule for regular meetings and consultations with parliamentary committees to enhance coordination and institutional communication between the government and Parliament.

For his part, the head of the parliamentary finance committee affirmed his absolute support for the government. Members of the committee also put forward a number of proposals to legislate the necessary laws to activate non-oil economic activities, support the government’s efforts in economic reform and combating corruption, as well as stressing the importance of proceeding with the implementation of oil projects, paying attention to the investment environment and attracting reputable international companies, in a way that contributes to driving the wheel of development, encouraging industry and creating job opportunities.

In addition, Al-Zaidi received an official invitation yesterday, Monday, from the Prime Minister of Japan, Sanae Takaichi, to visit the Japanese capital, Tokyo.

A statement from the Prime Minister’s Media Office, received by Al-Sabah, stated that “Al-Zidi received the Japanese Ambassador to Iraq, Akiro Endo, who conveyed to him the invitation of the Japanese government, expressing his country’s keenness to strengthen cooperation and partnership relations with Iraq.”

The Prime Minister appreciated the Japanese invitation, stressing the importance and depth of Iraqi-Japanese relations, and Iraq’s keenness to develop them in various fields, especially investment and economic ones.

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AL-ZAIDI TO CENTCOM COMMANDER: BY OCTOBER, IRAQ WILL BE FREE OF ANY FOREIGN MILITARY PRESENCE.

 

Prime Minister Ali al-Zaidi confirmed on Wednesday evening to US Central Command chief Charles Brad Cooper that Iraq will be free of any foreign military presence on October 1st.

Al-Zaydi’s media office stated in a statement received by Shafaq News Agency that during his meeting with the CENTCOM commander, he emphasized the commitment to the agreed-upon timelines, which stipulate that September 30th will be a fixed and final date for ending the international coalition’s military mission in Iraq and completing the departure of its forces.

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

In this context, the Prime Minister called for adherence to the principles of the constitution and the constants upon which the state is based, preserving its supreme interests, and directing the energies of the people towards construction, reconstruction and development, stressing that Iraq today needs the efforts of all its people to build a strong economy, a stable state, and a better future for future generations.

He stressed that restricting weapons to the state, in accordance with the law, protects everyone, strengthens the state’s authority and sovereignty, ensures security and stability, and represents a fundamental condition for moving Iraq to a new stage of development and prosperity.

Both sides confirmed the full and final agreement to end the military mission of the international coalition, in accordance with what was agreed upon during the Prime Minister’s visit to Washington in mid-July.

They stressed that Iraqi-American relations will move towards cooperation and partnership in the economic, developmental and security fields, based on mutual respect for sovereignty and the common interests of the two countries.

Earlier today, during his chairmanship of a meeting of the National Security Council, Al-Zaydi confirmed that the decision to end the mission of the international coalition in Iraq on September 30 is a final and irreversible date, and stressed the implementation of the highest level of security plans, support for internal stability, and guaranteeing national sovereignty.

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AL-ZAYDI’S MESSAGE TO THE FACTIONS: CONFRONTATION AND CLASHES IF THE DEADLINE EXPIRES WITHOUT WEAPONS BEING SURRENDERED

 

An Iraqi security official revealed to AFP on Wednesday (August 12, 2026) that he had been in contact with the Iranian Revolutionary Guard regarding armed factions and limiting their weapons to the Iraqi state, while two political sources reported that Prime Minister Ali al-Zubaidi had informed political leaders of his readiness to “confront” and “clash” with factions that refuse to cooperate after the deadline expires.

The Iraqi security official told AFP, as reported by 964 Network, that “communication is currently taking place with the Iranian Revolutionary Guard at a high level, and is being conducted intensively regarding the factions and limiting their weapons” to the Iraqi state.

Two Iraqi political sources told AFP that al-Zaidi informed political leaders of his readiness for “confrontation” and “clash” with the factions that cling to their weapons, should they insist on refusing to cooperate after the deadline expires.

Informed sources revealed to Asharq Al-Awsat newspaper the outlines of a forthcoming government plan to encircle and restrict the movement of armed factions’ strongholds after the deadline for weapons collection expires on September 30, with the aim of gradually dismantling them and avoiding direct clashes. The newspaper’s report, published today, Wednesday (August 12, 2026), stated that security forces will impose a tight cordon around the factions’ headquarters without armed confrontation, noting that the main focus will be on Jurf al-Sakhr, the stronghold of “Kataib Hezbollah,” and Jurf al-Nadaf, the stronghold of “Harakat al-Nujaba,” amidst Iranian pressure to obstruct or postpone the plan.

The President of the Kurdistan Region, Nechirvan Barzani, revealed that Prime Minister Ali Zaidi asked him to speak with Iranian officials about restricting weapons during his recent visit to Tehran, revealing that the Iranian side officially informed him of its readiness to help Baghdad in this matter.

Barzani explained, in an interview with journalist Hisham Ali, which was followed by 964 Network, “The Iranian officials told me: Tell Prime Minister Zaidi, we are ready to help him in this matter,” noting that he asked them: “Is this your official position?” They said: “Yes, this is our official position.”

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

He pointed out that “the Kurdistan region has been bombed a thousand times, and Iraqi security headquarters inside Baghdad have been bombed,” asking: “Why do we link the issue of restricting weapons to America?”

Barzani warned of the repercussions of the continued presence of armed factions, saying: “I say to all political forces and the Iraqi people, I swear that if Iraq does not resolve the issue of armed factions, it will face international isolation and will also be subjected to regional isolation.” He added, “Arab countries and neighboring countries want to help Iraq, and I know how much the Gulf countries want to invest in Iraq, but this is not happening in this way.”

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IRAQI PRIME MINISTER MEETS CENTCOM CHIEF OVER COALITION WITHDRAWAL

At a Glance

• Prime Minister Ali Faleh al-Zaidi meets with U.S. CENTCOM Commander Charles Brad Cooper.
• Sept. 30 confirmed as the final deadline to end the international coalition’s military mission.
• Oct. 1 set to mark full national sovereignty with zero foreign military presence.
• Transition shifts U.S.-Iraq relations toward economic, security, and development partnerships.

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Iraqi Prime Minister Ali Faleh al-Zaidi received the Commander of United States Central Command, General Charles Brad Cooper, on Wednesday, explicitly confirming September 30 as the final, non-negotiable deadline for ending the military mission of the U.S.-led international coalition and completing the exit of foreign troops from Iraqi territory.

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Key Statements and Focus Area

• Firm Exit Deadline: “September 30 will be a fixed and final date for ending the military mission of the international coalition in Iraq and completing the departure of its forces,” Prime Minister Ali Faleh al-Zaidi declared during the bilateral meeting.
• Full Sovereignty Reclaimed: “October 1 will be a new day in the trajectory of the Iraqi state, Iraq will be free of any foreign military presence, having completed its full national sovereignty and built up its security capabilities to protect its own stability,” al-Zaidi stated.
• Monopoly on Arms: “Restricting arms exclusively to the hand of the state under the law protects everyone, strengthens state authority, and serves as an essential prerequisite for Iraq’s transition toward development and prosperity,” the Prime Minister emphasized.
• Bilateral Strategic Shift: “Iraqi-American relations will transition toward cooperation and partnership across economic, developmental, and security domains based on mutual respect for sovereignty,” both parties affirmed.

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Commitment to Final Withdrawal Schedule

During high-level talks in Baghdad, Prime Minister Ali Faleh al-Zaidi and CENTCOM Commander Charles Brad Cooper reviewed the logistical and operational framework governing the international coalition’s drawdown. The Iraqi government emphasized strict adherence to the agreed-upon timelines established during al-Zaidi’s mid-July visit to Washington. Both sides confirmed that the mission to defeat ISIS in its current military configuration will officially conclude by September 30, paving the way for complete territorial independence.

National Governance and Domestic Security

Prime Minister al-Zaidi framed the impending departure of foreign troops as a critical moment for internal reform and constitutional adherence. Calling on the Iraqi population to direct their energies toward economic construction and development, al-Zaidi underlined that enforcing state control over weaponry is vital to ensuring long-term political stability. The Prime Minister stressed that consolidating military authority solely under state institutions protects national interests and establishes the foundation for sustainable prosperity.

Future Framework of U.S.-Iraq Relations

Both delegations agreed that the conclusion of the coalition’s combat role does not signal an end to bilateral engagement, but rather a structural transformation. In alignment with previous diplomatic understandings reached in Washington, future ties between Iraq and the United States will focus on bilateral security arrangements, joint economic development, and institutional capacity-building built upon shared interests and mutual respect for national sovereignty.

FYI

The announcement marks the culmination of multi-year negotiations conducted via the U.S.-Iraq Higher Military Commission (HMC), established to evaluate the operational status of ISIS, environmental risks, and local security force capabilities. As part of a phased transition agreement finalized earlier in 2026, the military footprint of the Combined Joint Task Force – Operation Inherent Resolve (CJTF-OIR) is scheduled to wind down in Iraq by late 2026, while advisory and security cooperation activities in neighboring Syria will remain operational through mid-2027 to prevent any resurgence of the extremist group across the border.

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INTENSIVE EFFORTS TO JOIN THE WORLD TRADE ORGANIZATION

Iraq has made significant progress in its bid to join the World Trade Organization, after completing a number of key files related to goods and services and responding to questions from member states, in preparation for holding the fourth meeting of the working group on Iraq’s accession to the organization.

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

Hannon added that the visit saw the resolution of key files related to goods and services, as well as the completion of answers to the 175 questions from member states, in addition to other files related to the memorandum on the foreign trade system, agriculture, technical barriers to trade, health and phytosanitary procedures, and other technical files related to the requirements for accession.

He explained that the member states welcomed the achievement made by Iraq in submitting these files, noting that, in light of the meetings that continued for a full week at the organization’s headquarters, the files were adopted, officially circulated, and published on the World Trade Organization’s website, to allow member states to review them, make their comments, and negotiate them.

Hannon explained that work is currently underway to arrange an official visit by the Minister of Trade, who is also the head of the National Committee concerned with Iraq’s accession to the World Trade Organization, to the organization’s headquarters, with the aim of holding official meetings and discussions in preparation for holding the fourth meeting of the working group on Iraq’s accession in the coming period.

He pointed out that the upcoming meeting represents an important milestone in the course of negotiations, as it is hoped that it will contribute to resolving the remaining issues and negotiations and completing the required procedures leading to Iraq’s accession as a full member of the World Trade Organization.

In the same context, Hanoun pointed out that Baghdad is simultaneously witnessing the holding of a technical workshop with the participation of international experts, with the aim of fully preparing for the fourth meeting of the working group, as well as preparing the Iraqi negotiating team from a technical standpoint and enabling it to complete negotiations with the member states.

This development comes at a time when the Ministry of Trade and relevant government agencies are continuing to work on completing the technical and legislative requirements related to the accession process, which will enhance Iraq’s integration into the global trading system and open the way for expanding its trade relations. With the member states.

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BAGHDAD AND ERBIL RESOLVE THE “ASYCUDA” DISPUTE… BORDER CROSSINGS ENTER A NEW CUSTOMS PHASE

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

In a press statement, Reber Ahmed explained that the implementation of the ASYCUDA customs system came under the direct supervision of the Prime Minister of the region, Masrour Barzani, and after a series of intensive meetings.

He noted that the last point of contention regarding the distribution of border crossing revenues has been resolved, as it was agreed, in accordance with the constitution, to distribute them at a rate of 50% to Erbil and 50% to Baghdad.

In this context, Iraqi parliament member Ghalib Muhammad, from the Al-Mawqif bloc, believes that there are several benefits to implementing the ASYCUDA system at the region’s border crossings.

He explained to Al-Mada that “the first expected benefit is reducing the time and costs associated with the entry of goods. Instead of relying on paper transactions and multiple procedures, customs data becomes electronic, and a large part of the transactions can be completed through the system.”

He added that “the second benefit relates to transparency and the electronic recording of data, which reduces the scope of human intervention in determining fees and procedures, and allows for clearer tracking of customs transactions, which can limit manipulation and customs evasion, enhance the fight against corruption, and end the state of chaos in the management of Kurdistan’s ports.”

He stressed that “the most important benefit is the increase in public revenues. When the movement of goods and the fees due on them become clearer, the state can collect revenues better, especially since the region has more than 20 border crossings.”

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THE IRAQI DINAR WITHOUT ZEROS: THE CENTRAL BANK OF IRAQ LAUNCHES A HISTORIC REFORM.

(From November 10, 2025)

Research and writing by: Dr. Subhi Jabara

The Central Bank of Iraq has officially confirmed that it is moving forward with its long-awaited “zero-zero” project, a massive financial reform that will fundamentally reshape the country’s economy and its standing on the global stage.

In a series of statements, the Central Bank Governor emphasized that the project is not mere speculation but a concrete initiative that has generated considerable enthusiasm and interest in international financial circles. This ambitious project aims to rename the Iraqi dinar by removing three zeros from its nominal value to better reflect the country’s growing economic strength. This move, which has been the subject of rumors for years, is currently under active development, with comprehensive studies and simulations having been completed. According to the Governor, the process will be gradual and meticulously planned to ensure financial stability while unlocking the currency’s true potential. 

For years, the Iraqi dinar has suffered from a decline in its nominal value as a result of decades of conflict and economic instability. The current exchange rate, hovering around an unofficial rate of 1,415 dinars to the US dollar, forces citizens to carry large amounts of cash for their daily transactions and complicates international trade and investment. The “zero-zero” project was designed to address this problem by simplifying the currency and aligning it with the country’s strong economic fundamentals, including robust oil revenues, expanding gold reserves, and deepening trade partnerships with global powers such as China, the United States, and the European Union. While the Central Bank has been careful not to commit to a specific timeline, the confirmation that the project has begun marks a pivotal moment for Iraq. This represents a transition from post-war recovery to a new era of economic independence.

Signs of Reform: How Will “Removing Zeros” Work? The phrase “removing zeros” may sound alarming, but it is a standard monetary policy tool known as currency revaluation. It is not a confiscation of wealth, but rather a recalibration of the currency’s nominal value. In essence, 1,000 old Iraqi dinars will become 1 new dinar. Crucially, all prices, wages, and savings will be adjusted proportionally, ensuring that individuals’ purchasing power remains stable at the moment of the shift .

The real shift occurs in the subsequent adjustment of the exchange rate. The Central Bank has developed several scenarios, with internal studies predicting that the floating dinar could stabilize automatically at a value in the distant future between 3.22 and 4.25 dinars to the dollar. The governor clarified that these figures are not a declared rate but rather an indicator of the currency’s potential if it is allowed to float freely based on market demand and Iraq’s economic fundamentals. Two main paths are being considered for the next phase.

Economists close to the central bank indicate that both options remain on the table. The choice will depend on the government’s strategic priorities, whether it favors a gradual, market-driven adjustment or a swift and decisive reset. Either path would trigger one of the most significant currency transformations in the modern Middle East. The economic driver: Why is now the right time for a stronger dinar?

The timing of this reform is not coincidental. The Iraqi economy is at an evolutionary turning point. The country’s fiscal position has steadily improved, driven by several key factors: Strong oil revenues: As a leading producer in OPEC, Iraq’s steady oil revenues provide a stable foundation for its economy and strong support for its currency. Growing gold reserves: The central bank is actively expanding its gold reserves, a traditional safe asset that enhances monetary stability and international credibility. Deepening trade partnerships: Iraq has developed strong trade relations with major global economies, including China, the United States, and the European Union, diversifying its economic interactions and reducing its dependence on any single partner.

Despite this strength, the nominal value of the dinar has been lagged, widening the gap between the official exchange rate and its true value. Each time Iraq’s GDP grows or its foreign reserves increase, this discrepancy becomes more pronounced. The “zero-zero” project is the mechanism to close this gap, allowing the currency to finally reflect the country’s true wealth and economic progress. This reform is expected to have profound global implications. Revaluing the Iraqi dinar would:

• Boost regional investment: A stable and strong currency would make Iraq a more attractive destination for foreign investment, thereby fostering economic growth throughout the region.

• Reduces dependence on the dollar: By re-pegging its currency into a diversified basket of currencies or commodities, Iraq can reduce its reliance on the US dollar for oil settlements, a move with significant geopolitical implications. • Inspires monetary reform: It could inspire neighboring economies to reassess their monetary structures, potentially triggering a wave of fiscal modernization across the Middle East. For Iraq itself, this is more than just an economic adjustment; It is a step toward a historic fiscal renaissance, signaling Iraq’s transition from post-war recovery to a future of economic independence and self-determination. A new chapter for Iraq:

The way forward. The central bank governor has emphasized that this reform is not a rash or hasty move; Every step is carefully measured, documented, and designed to maintain stability and public confidence. While the precise implementation timeline remains confidential, the confirmation that the project has begun and the preliminary studies are complete indicates that implementation is closer than ever. When the reform takes place, whether through a gradual float or a sudden restructuring, it will permanently alter Iraq’s fiscal identity.

The phrase “removing zeros,” as simple as it sounds, represents one of the most ambitious and complex financial engineering projects in the country’s modern history. The central bank is not just changing numbers; It is redefining how Iraq interacts with the global economy. The world is watching closely. The potential shift in the dinar’s value, with projections ranging between 3.22 and 4.25 to the dollar, has captured the attention of investors, economists, and governments worldwide. This is not just an economic story; it is history in motion. As Iraq stands on the precipice of this financial transformation, the message is clear: the nation is ready to transcend its past and write a new chapter of prosperity and strength.

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MINISTER OF COMMUNICATIONS: THE DECISION TO REMOVE ZEROS AND CHANGE THE IRAQI CURRENCY HAS BEEN FINALIZED.

Communications Minister Mustafa Sand said that the decision to remove zeros from the Iraqi currency and change it has been finalized, noting that implementing this step will contribute to bringing hoarded funds out of the banking system and returning them to the economic cycle .

During a televised interview followed by Al-Sa’a Network, Sand added that “the currency exchange process will push those who hoard money to disclose it, while other amounts will remain outside the exchange process, especially money that its owners cannot show,” referring to money obtained from corruption or illegal activities, in addition to money that is lost or belongs to deceased people, which may reduce the size of the circulating cash mass.

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

Sand’s statements come after a wide controversy she stirred up regarding changing the Iraqi currency and removing zeros, as the “Eco Iraq” observatory denounced the announcement of sensitive economic and monetary decisions through unqualified entities, while the Central Bank of Iraq and the Ministry of Finance remained silent .

The observatory said in a statement received by Al-Sa’a Network that managing a file as large as the national currency through scattered statements, instead of official statements issued by the competent monetary and financial authorities, reflects a weakness in government coordination, warning that ambiguity may open the door to rumors and speculation and affect citizens’ confidence in the national currency, and demanding that the Central Bank and the Ministry of Finance issue an official clarification regarding the truth of the decision, its implementation mechanisms and its timetable .

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THE CENTRAL BANK REMAINS SILENT ON THE REMOVAL OF ZEROS AMID MARKET CONFUSION.

Last updated: August 17, 2026

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

The silence surrounding the issue has become even more sensitive after Communications Minister Mustafa Sand stated in a televised interview that the decision to change the currency and remove zeros had been “issued,” just days after a member of the parliamentary finance committee spoke of a discussion regarding the proposal to remove zeros during a meeting that included the prime minister, the finance minister, and the central bank governor. The government spokesperson had denied on June 22 the existence of any official decision or proposal in this regard.

Despite the Central Bank continuing to publish its usual news and announcements, including announcements of financial auctions on Sunday, August 16, no clarification regarding the currency change or the removal of zeros appeared in its official data list until Monday morning.

Three economic experts, who spoke to Al-Mustaqila and asked not to be named, said that the absence of a clear statement from the bank left markets and citizens with questions that the monetary authority is supposed to answer before any decision of this magnitude is made.

The first expert said that the problem is no longer about agreeing or disagreeing about the feasibility of removing zeros, but rather about the “irresponsible statements” that preceded any official announcement, considering that they confused the market and left basic questions unanswered, including whether the designs of the new currency were completed, the size of the amounts that can be exchanged, whether the exchange will be in cash or through bank accounts, and how large sums of money will be dealt with.

He added that the uncertainty may push some savers to increase their demand for dollars, especially in a country where large amounts of money are still outside the banking system, and where a segment of the public does not trust banks to the degree that would allow them to suddenly transfer their cash savings to them.

The second expert said that the currency restructuring project is not new, and that it went through study phases within the Central Bank years ago, but he added that moving from study to implementation requires extensive arrangements that include designing the new denominations, contracting with international printing houses, preparing sites to receive, sort and destroy the old currency, preparing banks to open accounts and deal with exchange operations, as well as setting rules for funds that require disclosure of their source.

This is supported by what the Central Bank officially announced in 2022, when it said that restructuring the currency and removing zeros requires a law to be enacted by the House of Representatives, and that a draft law had been prepared years ago and needed amendments.

The Central Bank Law also stipulates that the bank alone has the right to issue currency, determine its denominations, standards, and designs, and make arrangements for its issuance, which makes the absence of its direct position more important than statements issued by other government entities.

The third expert said that dealing with funds of unknown origin does not necessarily require removing zeros, and suggested instead subjecting large cash blocks when they are introduced into the banking system to source verification procedures, and linking the purchase or transfer of ownership of large assets, such as real estate and cars, to anti-money laundering controls when transactions raise suspicious indicators.

The three experts, despite their disagreement on the feasibility of changing the currency, believe that the issue cannot tolerate fragmented media management, because removing zeros does not automatically increase the purchasing power of the dinar, but rather it is a renaming of the monetary unit that requires changing prices, salaries, debts and contracts in the same proportion if it is implemented properly.

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

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

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AFTER TALK OF REMOVING ZEROS… WHY DID THE DOLLAR RISE IN IRAQ

The exchange rate for 100 dollars in the Al-Kifah and Al-Harithiya exchanges reached 154,800 dinars, after it was around 151,000 dinars two days ago. This move came after the Minister of Communications, Mustafa Sand, spoke about finalizing the decision to change the Iraqi currency and remove its zeros .

In a televised interview followed by Al-Sa’a Network, Sand said, “The currency exchange process will push those who have hoarded money to disclose it, while other amounts will remain outside the exchange process, especially money that its owners cannot show,” estimating the amount of money that may not be returned for exchange at about 8 trillion dinars .

The rise of the dollar does not prove that the owners of these funds actually moved to it, but it draws attention to the effect of any talk about replacement before announcing its date and rules. Until the time of preparing the report, the Central Bank or the Cabinet had not issued a schedule that clarifies the period of trading of the two currencies, or audit controls, or mechanisms to protect the market from speculation .

The discussion does not begin with the form of the new paper, but with the volume of cash circulating outside the state’s ability to monitor it .

A mass that the state does not see

Member of Parliament’s Finance Committee, MP Jamal Kojar, said that the issue is not just about stolen money or cash stored in homes, adding: “There is no country that has a cash reserve of 113 trillion dinars, and what is in its possession does not exceed 20 trillion, and it does not know where the other reserve is,” indicating that “this is a disaster from a security, economic, financial and banking perspective . ”

This difference means that the state is not facing a limited issue related to a specific category, but rather a broad cash economy operating outside of banks. Among these funds are legitimate trade and family savings, in addition to funds whose owners may not be able to explain their sources. Therefore, the replacement process appears, on the surface, to be an opportunity to return part of the cash to official channels .

But this opportunity depends on whether banks and regulators are able to track the money as it enters, not just as its paper money is exchanged .

Betting on the new dinar

Economic expert Ziad Al-Hashemi believes that the plan could give the state more room to monitor illicit funds, explaining that “despite the reservations about this measure, it will ultimately help to a great extent in keeping money in the hands of the Central Bank and the government, and will prevent corruption funds from circulating within the economy through its back doors, and will leave room only for the legitimate dinar to move.”

Al-Hashemi added that “those with large sums of money may try to buy assets during the transition period, but he links the impact of this to the seriousness of the auditing,” noting that “those with corrupt money may try to launder what can be laundered by buying assets, but this attempt will remain limited in impact as long as there is an audit of the sources of funds offered to buy tangible assets such as real estate.”

The expert does not rule out the possibility of resorting to the dollar or gold, but he believes that “this path will not be open without limits because the purchase of the dollar and gold will also remain limited due to the auditing requirements on the one hand and the limited supply of those assets on the other hand compared to the huge amount of corruption funds.”

This interpretation places a heavy responsibility on the state, as the success of the replacement, according to this view, does not come from the new currency alone, but from the existence of auditing in banks, monitoring of large transactions, and rules that prevent the use of intermediaries to take the money out of the control process .

But it is precisely these conditions that, if absent, raise concerns among other experts about the timing of the move .

An economy that is not yet ready

Economic expert Ahmed Al-Hathal stressed that “removing zeros does not provide an economic solution in itself, because its motives are primarily psychological and organizational. As for the belief that this step will force corrupt individuals to reveal their money and disclose its sources, this is not true.”

Al-Hathal pointed out that “a large part of commercial activity takes place outside of banks, but it is not necessarily illegal,” adding that “about 50% of commercial activity in the market is not known to the government, yet it is legitimate activity practiced by traders and the private sector who own money and real estate; so should everyone be required to prove the sources of their money?”

The expert proposes a different order of the required steps, saying: “First, a database should be created, a structural reform of the economy should be carried out, governance should be established, the monetary system and the banking system should be developed, and then the currency should be adjusted; this is how the countries of the world operate.”

Al-Hathal’s warning is not limited to auditing procedures, as he fears that implementing them without sufficient banking preparation will confuse the private sector, which is accustomed to dealing in cash, and push some of it away from banks, thus opening the door to fluctuations in the market and prices as the replacement approaches.

sensitive transition period

Financial and banking expert Abdullah Al-Bandar warned of the sensitivity of the transitional phase, saying that “the currency replacement period will be very delicate, because those with large fortunes are the most experienced in dealing with such transformations, at a time when a period of time must be given to complete the replacement process.”

Al-Bandar linked the transitional phase to the possibility of some cash being transferred to assets, adding: “People’s money may be directed towards real estate, cars and investments, which will raise demand for them and drive their prices up significantly.”

Al-Bandar stressed that “this possibility requires prior preparation for the decision and in-depth studies,” explaining that “the rise in the price of the dollar or the increase in demand for real estate and gold are not an inevitable result of the replacement, but they are a possibility if the market enters a waiting phase without knowing the timing of implementation, its mechanisms and controls.”

This effect is not only visible in the accounts of traders and large holders of liquidity, because the citizen does not get a direct benefit from removing zeros unless prices stabilize and control tools improve.

What changes for the citizen?

For his part, MP Ahmed Al-Sharmani explained that “removing the zeros will not strengthen the economy or automatically revive the citizen; whoever receives 5 million dinars will receive 5,000 new dinars after the removal, without his purchasing power or living conditions changing.”

However, he believes that the potential benefit lies in tracking the movement of money, explaining that “the process may contribute to tracking stolen and hidden funds, as their owners may resort to using intermediaries or relatives and dividing the amounts to buy real estate, cars or gold, which is what the competent authorities are supposed to follow up on.”

This argument confirms that changing the currency does not reveal the sources of funds on its own, but it may give the competent authorities an opportunity to monitor its movement, provided that they are prepared for monitoring before and during the exchange begins.

The experiences of other countries show that currency change works when it is part of a broader reform, not a replacement for it .

Experience, not a prescription

Türkiye removed six zeros from the lira on January 1, 2005, following a course of action aimed at reducing inflation, improving monetary stability, and enhancing policy predictability.

Zimbabwe removed 3 zeros in 2006, then 10 zeros in 2008, and 12 zeros in 2009, before moving to a multi-currency system.

In Venezuela, 6 zeros were removed in October 2021, replacing one million sovereign bolivars with one digital bolivar.

These experiences do not make Iraq a copy of any country, but they confirm that removing zeros alone does not change the economy or reduce corruption. Its success is linked to people’s confidence in banks, the state’s ability to track illicit funds, and the clarity of instructions before the market enters a phase of anticipation and speculation.

With details of the replacement absent from official data, the success of the decision remains contingent on clearly announcing its regulatory rules and mechanisms, before hoarded funds move towards the dollar, gold, or other assets away from the state’s sight.

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GOVERNMENT SPOKESPERSON: THE CABINET HAS NOT MADE ANY DECISION REGARDING THE ISSUE OF REMOVING ZEROS FROM THE IRAQI CURRENCY.

Iraqi government spokesman Haider al-Aboudi confirmed on Monday that the issue of restricting weapons to the state is a sovereign Iraqi matter and there are no external dictates, while noting that the Council of Ministers has not made any decision regarding the issue of removing zeros from the Iraqi currency.

Al-Aboudi said in a televised interview monitored by Al-Mirbad that “what was raised about a plan to target the head of the Supreme Judicial Council is currently under investigation.”

He added, on the other hand, that “the Prime Minister is giving special attention to the air defense file and has put in place the procedural and financial environment to implement its requirements.”

He added that “the international coalition is in the process of accelerating its procedures in the context of ending its mission in Iraq at the end of next September.”

Regarding the issue of restricting weapons, Al-Aboudi stressed that “the file of restricting weapons to the state is a sovereign Iraqi file that spared Iraq serious repercussions and no external dictates, and it is an indication of the Iraqi government’s seriousness in completing the requirements of Iraqi sovereignty.”

He pointed out that “Iraq was almost subjected to isolation because of the issue of restricting weapons, and the government’s decisions are intended to spare Iraqis further repercussions.”

He also indicated that “all formations within the Popular Mobilization Forces will be restructured and renamed within the same organization,” while clarifying that “the arrest of Abbas Hussein al-Yaqubi was carried out pursuant to a judicial order.”

Regarding the issue of removing zeros from the currency, Al-Aboudi stressed that “the Council of Ministers has not made a decision to remove zeros from the currency, nor has the Central Bank, and the matter requires legislation from the House of Representatives.”

(Mnt Goat: This last statement contradicts many other articles telling us that Communications Minister Mustafa Sand said that the decision to remove zeros from the Iraqi currency and change it has been finalized. Why did he announce this if not true? Is there a communication issue and the author of this article is not getting his facts straight. After all is said and done we as investors are still left with uncertainty and doubts. Let’s just see what happens next.)

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

The development of the issued currency and the currency circulating outside the banking system is one of the important monetary indicators that help in assessing the size of the cash liquidity and the trends of monetary transactions in the Iraqi economy during the period from 2004 until May 2026, based on the monthly data for the recent period and the annual data for the previous period.

These indicators are of particular importance because they show the relationship between the issuance of money on the one hand, and the amount of money held by the banking system on the other, as well as the amount of currency circulating outside banks, which represents the largest part of the money circulating in the economy.

FIRST: THE GENERAL DEVELOPMENT OF THE ISSUED CURRENCY

The volume of currency issued took a clear upward trend during most of the period between 2004 and 2026, as it rose from about 8.02 trillion dinars in 2004 to 10.26 trillion dinars in 2005, then continued to rise to reach 21.30 trillion dinars in 2008, before reaching 35.78 trillion dinars in 2012 and 40.63 trillion dinars in 2013.

The year 2014 saw a slight decline in the issued currency of 1.84%, reaching approximately 39.88 trillion dinars. This decline continued in 2015 with a 3.26% decrease. However, 2016 witnessed a strong increase of 17.23%, bringing the issued currency to approximately 45.23 trillion dinars. After a slight decrease in 2017, it stabilized almost in 2018 before resuming its growth trajectory in 2019 and 2020.

The period 2019–2022 was characterized by a relative acceleration in the volume of currency issuance; the currency issued rose from 51.83 trillion dinars in 2019 to 66.03 trillion dinars in 2020, then to 76.56 trillion dinars in 2021 and 87.56 trillion dinars in 2022, which shows a significant expansion in the volume of currency issued during this period.

As for 2023, the issued currency exceeded the 100 trillion dinar mark for the first time in the data presented, reaching about 102.14 trillion dinars in October, before decreasing to 101.48 trillion dinars in December 2023. In 2024, the issued currency generally fluctuated around the 100–104 trillion dinar level, and reached about 100.54 trillion dinars at the end of the year.

During 2025, the movement was characterized by fluctuation around the level of 100 trillion dinars, falling to 97.96 trillion dinars in May before returning to 101.01 trillion dinars in October, and ending the year at 99.80 trillion dinars. In the first months of 2026, the issued currency took a remarkable upward trend, rising from 101.43 trillion dinars in January to 113.56 trillion dinars in May 2026, recording an increase of nearly 11.98% in just five months.

SECOND: CURRENCY DEVELOPMENT IN COMMERCIAL BANKS

THIRD: THE EVOLUTION OF CURRENCY OUTSIDE BANKS

The majority of the issued currency remained outside banks during the years 2004-2026. The currency outside banks increased from about 9.11 trillion dinars in 2005 to 18.49 trillion dinars in 2008, then to 30.59 trillion dinars in 2012 and 34.99 trillion dinars in 2013.

Despite the decline in the issued currency in 2014 and 2015, the currency outside banks remained at high levels, reaching 36.07 trillion dinars in 2014 and 34.86 trillion dinars in 2015, then rising strongly to 42.08 trillion dinars in 2016, before declining slightly in 2017 and stabilizing almost in 2018.

Since 2019, currency outside banks has begun a clear expansion phase, rising from 47.64 trillion dinars to about 59.99 trillion dinars in 2020, then 71.53 trillion dinars in 2021 and 82.03 trillion dinars in 2022. This development represents a significant expansion in the volume of cash outside the banking system.

During 2023, the currency held outside banks continued its upward trend, reaching 85.78 trillion dinars in January, exceeding 90 trillion dinars in May, and then reaching 94.62 trillion dinars in December. In 2024, it remained at high levels, reaching 95.70 trillion dinars in September before ending the year at 93.40 trillion dinars.

In 2025, the currency outside banks ranged between about 90 and 94 trillion dinars, ending the year at 92.56 trillion dinars. In the first five months of 2026, it recorded a strong increase, reaching 94.15 trillion dinars in January, then 97.03 trillion dinars in February, and 101.58 trillion dinars in March, before reaching 106.81 trillion dinars in May 2026.

FOURTH: THE RELATIONSHIP BETWEEN THE ISSUED CURRENCY AND THE CURRENCY OUTSIDE BANKS

According to the data, the relationship between the issued currency and the currency outside banks was strong and relatively stable; the currency outside banks represents the largest part of the total issued currency, while the cash held by banks represents the remaining part.

For example, in May 2026, the issued currency amounted to about 113.56 trillion dinars, while the currency outside banks amounted to 106.81 trillion dinars, compared to 6.75 trillion dinars with commercial banks. Thus, the currency outside banks accounted for about 94.1% of the total issued currency, compared to only about 5.9% with commercial banks.

These figures indicate a continued relatively high reliance on cash outside the banking system, which has been an important feature of the monetary circulating structure over

the past 22 years.

FIFTH: RECENT TRENDS DURING 2023–MAY 2026

The monthly data reveals a clear difference between monetary developments in 2023, 2024, 2025 and the first months of 2026. In 2023, there was a clear upward trend in the currency outside banks, despite some monthly fluctuations. In 2024, the issued currency stabilized around the level of 100 trillion dinars, while the currency at the banks was characterized by fluctuation.

As for 2025, it was characterized by relative stability in the issued currency and the currency outside banks, with limited monthly changes compared to 2023. Meanwhile, 2026 until May showed a strong upward trend in the issued currency and the currency outside banks, as the currency outside banks rose from 94.15 trillion dinars in January to 106.81 trillion dinars in May, an increase of approximately 13.45%.

During the same period, the currency issued rose from 101.43 trillion dinars to 113.56 trillion dinars, while the currency held by commercial banks fell from 7.28 trillion dinars in January to 6.75 trillion dinars in May. This means that the increase in currency issuance during this period was directed more towards outside the banking system.

Economic indicators

The time series reveals a long-term upward trend in the volume of currency issued and currency outside banks in Iraq. Currency issued moved from 8.02 trillion dinars in 2004 to 113.56 trillion dinars in May 2026, while currency outside banks rose from 9.11 trillion dinars in 2005 to 106.81 trillion dinars in May 2026.

The continued rise of currency outside banks indicates that a large proportion of cash liquidity remains outside the banking system, and the large gap between currency outside banks and currency held by banks reveals the low relative weight of bank cash compared to cash circulating outside the banking system.

On the other hand, the large fluctuations in the currency at commercial banks, especially during some months such as May 2026, indicate periodic changes in the amount of cash held by banks, while the general trend of the currency outside banks remained more strong and continuous.

The most important trends also concluded that the issued currency has seen significant long-term growth, while the currency outside banks has remained the main component of cash liquidity, and the currency outside banks has risen particularly since 2019, and continued to record rlevels during the first months of 2026.

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ASYCUDA IMPLEMENTATION MINUTES FINALIZED, AWAITING CABINET GREEN LIGHT 

At a Glance

• ASYCUDA execution minutes are finalized and await Council of Ministers approval.
• A KRG customs official confirmed the protocol will be circulated post-approval.
• Customs officials state prices on daily necessities will actually decrease.
• Border income has dropped due to regional U.S.-Iran military tensions.

The implementation minutes for the ASYCUDA custom system are finalized and pending Council of Ministers approval, amid declining customs revenues and reduced trade at the Ibrahim Khalil border crossing.

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Key Statement and Focus Area

• A KRG customs official told Channel8 that the ASYCUDA minutes will be officially circulated following approval by the government. 
• Customs officials point out that this system will not increase the price of all goods, and tariffs on certain daily necessities will actually decrease.

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Customs revenues at Kurdistan Region border crossings have dropped due to regional military tensions and the conflict between the U.S. and Iran. 

This decline coincides with a Central Bank decision to deny official-rate dollars to Kurdistan traders, stalling trade at the Ibrahim Khalil border crossing. 

To counter the resulting deficit, customs officials revealed that a new revenue-sharing mechanism is being implemented with Baghdad. Speaking to Channel8, an official at the Kurdistan Region Directorate General of Customs said that border revenues at the Iranian crossings have decreased due to wartime repercussions. 

The official confirmed that an agreement has been reached on a 50-50 customs revenue split between Baghdad and Erbil. To execute this, he added, separate bank accounts for federal and regional customs authorities will open. 

Regarding the implementation of the border tracking system, the official noted that the surge in collections stems directly from government anti-corruption campaigns and tax evasion crackdowns. The source also stressed that the ASYCUDA system is a registration and organization database, not a magic wand.

FYI

Iraq began fully operating the ASYCUDA electronic system at its federal border crossings in January 2026, and the KRG is scheduled to join the process in September.

Erbil and Baghdad spent several months of intensive negotiations before achieving a draft breakthrough. 

The Kurdistan Region currently utilizes 14,000 customs tariff classifications, which will be restructured under the ASYCUDA system to align precisely with international standards. Despite the agreement on the automated customs data, both governments are still negotiating final regulatory alignment regarding regional tax collection authority versus central treasury reallocation, alongside the legal recognition or closure of six unofficial border crossings operating within the Kurdistan Region.

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ECONOMIC OBSERVATORY: GOVERNMENT SILENCE REGARDING “CURRENCY CHANGE” IS CONFUSING THE IRAQI DINAR MARKET

On Sunday, the Economic Observatory of Iraq criticized the confusion in the government’s discourse, which is represented in announcing sensitive economic and monetary decisions, such as changing the currency, through unqualified entities, amid the silence of the Central Bank of Iraq and the Ministry of Finance.

The observatory stated in a statement received by Shafaq News Agency that “managing a file as large as the national currency through scattered statements, instead of clear official conferences and statements issued by the competent monetary and financial authorities, reflects a weakness in government coordination,” explaining that “such confusion opens the door to rumors, speculation, market disruption, and harm to citizens and the country.”

The observatory warned that “this ambiguity affects the economic security of citizens and may affect their confidence in the national currency and increase the demand for foreign currencies and gold, thus exacerbating the state of anxiety in the market.”

Eco Iraq held the Central Bank and the Ministry of Finance “responsible for clarifying the truth about the decision and any confusion in the Iraqi market resulting from their silence,” demanding that the competent authorities “issue an official statement explaining the reasons for changing the currency, the implementation mechanisms, the timetable, and guarantees to protect citizens’ savings and market stability.”

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IRAQ STRUGGLES TO CONTAIN VOLATILE DINAR CURRENCY DISPARITY

At a Glance

• The Iraqi dinar reached its peak value during the 1970s when one dinar was worth four U.S. dollars.
• Conflict and economic embargoes during the 1990s caused the currency to crash to 3,000 dinars per dollar.
• The Central Bank fixed the official rate at 1,320 IQD, but parallel market rates remain high at 1,530 IQD.
• The government has failed to contain the significant price gap between official state channels and open market vendors.

Channel8 has learned that decades of geopolitical conflict, sanctions, and market resistance have left Iraq unable to bridge the gap between its official 1,320 IQD peg and parallel market rates exceeding 1,530 IQD, cementing a historic decline from its four-dollar peak in the 1970s. 

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Key Statements and Focus Area

• On current market disparity: A persistent, wide gap remains between Iraq’s official and market exchange rates, with open markets trading at 1,530 IQD despite the Central Bank’s 1,320 IQD official peg.
• On structural historical declines: This modern monetary disparity mirrors the volatile historical trajectory of the Iraqi dinar, which collapsed from its historic peak of four dollars per dinar to some of its lowest historical levels.
• On modern monetary interventions: Although the government devalued the dinar to 1,460 IQD in 2021 due to crashing oil revenues and later revalued it to 1,320 IQD in 2023, the market resisted, with street prices occasionally spiking to 1,700 IQD.

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CHRONOLOGICAL ERAS OF THE IRAQI DINAR VALUE

• 1968–1979 (The Peak): The currency maintained its absolute highest valuation, trading at a stable rate of 1 IQD to $4.00 USD.
• 1980–1988 (The Iran-Iraq War): Wartime economic strain caused a minor depreciation, adjusting the value to 1 IQD to $3.30 USD.
• 1991–2003 (The Sanctions Era): Under a crushing economic blockade and excessive domestic printing, the currency collapsed to 3,000 IQD to $1 USD.
• 2004–2021 (Post-War Stabilization): The introduction of a new currency stabilized the market, keeping exchange rates steady between 1,180 IQD and 1,200 IQD per dollar.

In recent weeks, the Iraqi dinar strengthened against the U.S. dollar, with the exchange rate dropping from a peak of nearly 160,000 IQD to 153,000 IQD per 100 dollars.

This decline was driven by the U.S. government lifting restrictions on several private Iraqi banks and the Central Bank of Iraq addressing rumors of currency devaluation.

Market traders told Channel8 that ongoing government financial stabilization measures, including organized customs duty collections via the ASYCUDA system, helped restore public sector confidence, keeping the dollar from climbing back to its June peaks.

Speaking to Channel8 today, Jabar Goran, spokesperson for the Slemani Currency Exchange Market, highlighted that deleting zeros from the dinar would compel holders of hidden cash reserves to disclose their origins, effectively rendering tens of trillions in illicit funds unusable.

Goran also dismissed rumors of an Iraqi dinar exchange-rate adjustment, stating that a devaluation is unnecessary because rising revenues have offset increased expenditures.

The spokesperson previously predicted that if regional geopolitical tensions ease and vital maritime trade channels like the Strait of Hormuz remain stable, the parallel market exchange rate could significantly strengthen, potentially dropping down to a range between 146,000 and 147,000 IQD per $100 USD.

FYI

The Iraqi dinar was originally introduced into circulation in 1932. Following the regime change in 2003, the Coalition Provisional Authority introduced an entirely overhauled banknote series widely known as the “Bremer Print.”

This new issue systematically replaced both the pre-1991 high-quality “Swiss Print” and the poorly printed, easily counterfeited banknotes produced locally during the 1990s sanctions era.

This monetary timeline demonstrates that prolonged foreign wars, domestic mismanagement, and geopolitical shifts remain the primary drivers behind the dynamic instability of the dinar against global currencies.

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IRAQ TO DROP ZEROS FROM ITS CURRENCY AS DINAR REDENOMINATION RETURNS?

Iraq’s Communications Minister Mustafa Sanad says Iraq has decided to remove zeros from the dinar and reprint the currency, but the Central Bank remains the country’s monetary authority and has not publicly confirmed a timetable.

Is Iraq preparing to remove zeros from its currency after years of discussion over a possible dinar redenomination?

The question returned to the forefront Sunday after Communications Minister Mustafa Sanad said the decision had been made and that Iraq’s currency would soon undergo changes and be reprinted.

“The decision to remove the zeros from the Iraqi currency has been made; the Iraqi currency will soon undergo changes and be reprinted,” Sanad said in an interview with INews Iraq. The statement would represent a major development in a monetary reform proposal discussed in Iraq for more than a decade. But it also raises questions over timing and implementation because the Central Bank of Iraq (CBI), rather than the Communications Ministry, is the country’s monetary authority.

The CBI has not, in the material reviewed for this report, announced a specific timetable for removing zeros. In June, the bank stressed its commitment to supporting the dinar and maintaining monetary and economic stability, while warning against inaccurate reporting about currency-related measures.

What Would Removing Zeros Mean?

Removing zeros, commonly referred to as redenomination, would change the numerical denominations of Iraq’s banknotes without necessarily changing the currency’s real purchasing power.

For example, under a hypothetical three-zero adjustment, 1,000 old dinars could become one new dinar, with prices, wages, bank balances, contracts and other financial values adjusted proportionally.

The policy would therefore be fundamentally different from a devaluation or revaluation of the dinar.

Earlier discussions by the Central Bank have presented deleting zeros as a technical and administrative reform intended to simplify accounting, reduce the volume of cash in circulation and make financial transactions more efficient.

The CBI’s broader reform agenda has also focused on strengthening the banking sector and expanding international banking relationships.

In July, Prime Minister Ali Falih al-Zaidi said seven Iraqi banks had been prepared to return to international correspondent-banking channels after meeting compliance and governance requirements.

Why Is the Idea Returning Now?

The proposal comes as Iraq attempts to modernize a heavily cash-dependent economy while managing significant fiscal and monetary pressures.

The country remains highly dependent on oil revenues, leaving government finances sensitive to fluctuations in crude prices and production.

At the same time, the amount of currency circulating in the economy has grown substantially, making the physical handling of large-denomination dinar payments increasingly cumbersome.

A redenomination could make everyday accounting and financial reporting more straightforward.

It could also complement efforts to move transactions into the formal banking system, particularly if the replacement of banknotes encourages citizens and businesses to deposit large cash holdings rather than keeping them outside financial institutions.

Not a Shortcut to a Stronger Dinar

A critical distinction is that removing zeros would not automatically make the dinar more valuable.

If the conversion were purely proportional, an item costing 50,000 old dinars could simply be priced at 50 new dinars after three zeros were removed.

Salaries and bank deposits would undergo the same mathematical adjustment.

The reform would therefore simplify the currency rather than instantly increase Iraqis’ purchasing power.

The CBI has previously emphasized the importance of monetary stability, and in June it rejected misleading claims surrounding currency and state financing operations.

The bank said its strategy remained focused on supporting the dinar and maintaining financial and economic stability.

A Reform With Political and Practical Risks

Any decision to redenominate the currency would require extensive preparation.

The government and central bank would need to coordinate the printing of new notes, establish a conversion period, adjust accounting and payment systems, update contracts and financial records, and conduct a large public information campaign.

Businesses, banks and government institutions would also need sufficient time to adapt.

The transition could be particularly sensitive in Iraq because of the size of the informal cash economy.

Authorities would need to ensure that counterfeit notes, unregistered wealth and illicit funds do not enter the financial system during the exchange process.

At the same time, political agreement would be needed across Baghdad’s fragmented political landscape, including coordination between the Central Bank, Finance Ministry, Parliament and other state institutions.

Banking Reform Moves in Parallel

The currency debate comes as Iraq’s financial sector is already undergoing a broader reform process.

The CBI said in February that Iraqi commercial and Islamic banks and branches of foreign banks had completed a major stage of a comprehensive reform program, with institutions choosing among paths including remaining independent, merging or exiting the market.

The bank said further work would focus on addressing identified deficiencies and achieving full compliance.

The bank has also been working to expand the ability of compliant Iraqi banks to conduct international transactions in currencies including the euro, UAE dirham, Chinese yuan and Jordanian dinar.

Those reforms are relevant to a potential redenomination because changing the physical currency without strengthening the banking infrastructure would address only part of the problem.

What Happens Next?

Sanad’s statement has revived a proposal that has circulated through Iraqi economic policy debates for years.

But the key question now is whether the statement represents a finalized government decision ready for implementation or a political announcement ahead of formal action by the country’s monetary authorities.

The Central Bank will ultimately be central to determining how, and whether, the reform proceeds.

For Iraqis, the practical significance will depend less on the number of zeros printed on a banknote than on what accompanies the change: monetary stability, functioning banks, transparent conversion rules and confidence that the new currency will retain its purchasing power.

Until those elements are established, the prospect remains best framed as a major policy signal rather than an immediate change in the value of the Iraqi dinar.

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DESPITE THE DECLINE IN THE CENTRAL BANK’S RESERVES, AN ECONOMIST TOLD IRAQ OBSERVER: AL-ZAIDI IS LAUNCHING FINANCIAL REFORMS AND ATTRACTING INVESTMENTS TO BOOST THE IRAQI ECONOMY.

Prime Minister Ali Faleh al-Zaidi’s recent actions have highlighted significant economic achievements. He announced a program and performance-based budget for the first time, linking government spending to results in a move aimed at improving the efficiency of public finances. He also launched a series of financial reforms, including austerity measures and salary restructuring, along with initiatives to encourage employees to take extended leave at half pay to ease pressure on the budget.

Economist Idris Ramadan emphasized that Prime Minister al-Zaidi’s initiatives to attract global investment and implement financial reforms came despite the decline in the Central Bank’s reserves to 102 trillion dinars.

Ramadan told Iraq Observer that “sovereign expenditures, including employee salaries, are increasing year after year, hindering the government’s efforts to achieve monetary stability.”
He added that “the government has initiated reform measures such as granting employees five-year leave at half pay, adopting austerity policies, and opening the door to foreign investment, including American investment, to alleviate pressure on foreign currency reserves.”

He continued, “These steps aim to protect the Central Bank from depletion and ensure the sustainability of reserves, at a time when the Iraqi economy remains hostage to fluctuating oil prices and high government spending.”

Ramadan concluded by saying that “the Prime Minister has focused on attracting global investment, with major companies, including American and European ones, expressing interest in entering the Iraqi market, which enhances opportunities for economic diversification and reducing dependence on oil. He also emphasized combating corruption and creating a secure investment environment, as all these reforms aim to protect the Central Bank’s foreign currency reserves and ensure financial stability.”

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LATE-NIGHT MEETING OF THE FOUR PRESIDENCIES TO DISCUSS THREE “SERIOUS” ISSUES IRAQ

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

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

The source explained that the meeting will also discuss the economic situation and the serious financial crisis that Iraq is going through due to the halt in its oil exports through the Strait of Hormuz, and possible solutions to confront the crisis in the coming period.

The issue of armed factions is one of the most sensitive issues facing the Iraqi government, with the approach of September 30, which the main political forces have set as the deadline for restricting weapons to official institutions.

In September 2024, Iraq and the United States agreed to end the military mission of the US-led international coalition against ISIS in Iraq, as part of a phased plan to move the security relationship between the two countries from the framework of the coalition to a bilateral partnership.

On Sunday, the State of Law coalition, led by Nouri al-Maliki, submitted a proposal to separate the date of the withdrawal of US forces from Iraq from the issue of disarming the factions, within the framework of a vision that is still “under study”.

Regarding the fight against corruption, a campaign of arrests was launched in Iraq in late June, targeting political officials, members of parliament, and businessmen, as part of a campaign called “Operation Dawn,” which Prime Minister Ali al-Zubaidi described as the “first phase” of broader measures to recover public funds, while tasking oversight bodies with receiving any indications related to cases of corruption or negligence in state institutions.

On the financial level, Iraq is experiencing a serious financial crisis, which has resulted in the delay in paying the salaries of a number of Iraqi state employees for the month of July, amidst accumulated living expenses and increasing economic pressures that have begun to be clearly reflected in the Iraqi markets.

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FINANCE MINISTER: IRAQ IS MOVING TOWARDS APPROVING ITS FIRST PROGRAM AND PERFORMANCE BUDGET

Finance Minister Faleh Sari confirmed on Sunday that Iraq is moving towards approving its first program and performance-based budget in its history.

The ministry said in a statement received by the Information Agency that “the Finance Minister confirmed during his meeting with the British Ambassador that Iraq is moving towards approving its first program and performance-based budget in its history, according to a new methodology in managing public spending that links resource allocation to objectives, programs, and results, thus enhancing the efficiency of public funds use.”

He pointed out that “the closure of the Strait of Hormuz has had direct effects on the Iraqi economy, given the link between trade and oil flows and developments in the region,” stressing that “the ministry is proceeding to overcome the current circumstances by strengthening non-oil revenues, developing financial management tools, and continuing the reform process.”

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

                                             Just the FACTS!

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

Auf Wiedersehen

Much love to ya all,

Mnt Goat

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

ABOUT THE NEWSLETTER:

August 11, 2026 Mnt Goat News Brief

Guten Tag everyone:

Today’s news it is certain now that Iraqi banks have entered a dangerous liquidity crisis. What will the Central Bank due to remedy the situation? What is the ONLY solution that can resolve this crisis? Can you say- remove-the-zeros!

GIVE A GIFT TO MNT GOAT

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

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

 Let’s all try to chip in!

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Galatians 5:13

“For you were called to freedom, brothers. Only do not use your freedom as an opportunity for the flesh, but through love serve one another.” 

STATUS OF THE RV

As we move to the mid-August timeframe, it is a new month. Have you already helped out with the Newsletter? The Latest Mnt Goat Newsletter will only be published if my viewers support it. If you have not yet shown you appreciation, please try to help out for this month. We are already down to one Newsletter a week due to non-participation by the majority of viewers.

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

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There is lots of news for this period of reporting. Hang on to your seat as this is going to be a very long one today. Get your cup of coffee or tea, sit back, relax and slowly read every bit of it to get exactly what is being said today.

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

We have heard and still continue to hear news about the stashes of currency outside the banking system in Iraq and how this is creating a liquidity crisis. This is cash that can be used elsewhere in the economy, such as to pay salaries, loans, etc.

A recent article titled “CURRENCY PRINTING IS KNOCKING ON IRAQ’S DOOR… WARNINGS OF AN ECONOMIC CATASTROPHE” explains the extent of the crisis. I quote from it. –

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

This recent article is the main issue for today’s Newsletter. Will it get us the RV? Let’s keep this issue in our minds as we read the rest of the news.

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In today’s news once again a ‘jackass’ economists comes forward to suggest a remedy to resolve the situation of this crisis. Why do I call him a ‘jackass’. I am trying to make everyone realize that many in Iraq don’t yet even have a handle of what is causing the hording of the currency and so if you can’t understand the problem fully, then how can you resolve it?

Let’s first take a peek at the latest advised solution by Former MP Abbas Sarout, who claims the solution is to build confidence in the citizens and a need to reconsider the strategy for attracting funds to the banking system. It is titled “80% OF MONEY IS OUTSIDE BANKS… FORMER MP CALLS FOR A NEW STRATEGY TO ATTRACT HOARDED FUNDS”. Oh yes…. I have to laugh at how many times we have read articles just like this one. So why am I laughing? 😊

I am laughing sarcastically, of course, since we all know this to be true but this is not a solution only another statement of the problem. Yes, Saroout, how do we get these funds back into the banks?

In yet another article titled “MP PROPOSES DIGITAL DINAR TO FIX IRAQ’S CASH SHORTAGE” we get yet another smartie claiming he too has a proposal to get this cash into the banks. Oh..really?

MP Saad al-Awadi, deputy head of the National Approach parliamentary bloc, proposed on Friday “a plan to secure salary payments for state employees and retirees through a “digital dinar” and end Iraq’s ongoing cash crisis. In a statement, al-Awadi said the initiative represents “a comprehensive economic plan to address the liquidity crisis and ensure stable salary disbursement through the launch of a digital Iraqi dinar,” easing access to financial entitlements for employees without requiring paper cash transactions.” 

I took these articles and others (as you will see) and talked about them with my CBI contact over the weekend. So, today I wanted to bring you what we discussed.  

This is a summary of what was said:

My CBI contact told me to institute a digital dinar you will need some sort of digital wallets. To have a digital wallet platform you will need electricity 24/7 which Iraq does not yet have and won’t have probably for another couple years. Can the liquidity crisis wait that long? Yes, Apple I- phones have just been selected as a preferred technology in Iraq as we just learned and they will probably consider Apple Wallets at some point too.

Next, she said, salaries are already electronically deposited in the banks by the CBI. So, there is no need to find solutions to getting the money into the banks since it was already there. The problem is keeping it there.

This last statement was not a revelation to me as I remembered the mandatory electronic deposits from an article years ago and that parts of Kurdistan was the only obstacle to fully implementing it. The Kurds always seem to run last in many of these efforts.   

I then asked how does all this cash get stashed then, meaning outside the banking system?

She then said that there are economists and MPs who simply can’t address the issue because they don’t understand the problem, So, this too is at the heart of the crisis. It is not the problem in getting the money into the banks but rather the problem is in keeping it in the banks.  She asked if I remembered that in order to receive their salaries the citizens must now have a bank account and the CBI electronically deposits their salaries and retirements money into the accounts. This is similar in the west when social security checks are deposited electronically each month to citizens. It is automatic and reoccurring and this is the  format  the IMF wanted Iraq to implement as part of its past consultation sessions. Do you remember these sessions.

Ok, I said I get it!  

Next, she elaborated that the problem stems in getting the money out of the bank, once in it. She said they limit the ATMs to a daily limit, so this is not an issue.

I said I hear all about the Point of Sale and electronic purchases. Doesn’t this help keep money in the banks? She said yes, but many shops are remote and don’t have electricity 24/7 to complete such purchases so they revert to cash. Cash is still a necessity in the marketplace.    

Then my contact when on to describe what is really happening. It is not complicated once you understand the nature of how people think. This is why most simply do not get it or understand it.

This is at the heart of the REAL problem she explained:

Most of the money stashed has been in the lower denominations 200, 250 and 1000 bills, which is also why the CBI has to keep printing more and more of these lower denominations. It’s not large amounts of stolen funds or funds stolen converted in to physical assets that’s the ongoing problem here. But rather these are the denominations they have to keep printing and are increasing the money supply each time they do it. They are not printing the larger notes, except to replace those that are damaged. How many articles on these printing of the lower denoms already must we all read, she said. Why is the CBI not addressing it properly, I asked?

She then went on to say this is why they keep telling us there is shortage in the lower denominations over the past decades. This is nothing new. In 2004 the CBI issued coins to help but this was not successful.

Oh… I get it now, I said, they have gotten these lower denoms stashed in response from ‘making change’ from the higher notes (5k, 10k, 25k and 50k) when shopping.

Yes, she said that’s right.

She then said, they just take them home and stash them. I compared this taking lose change from my pocket when I get home and placing it in a can. They are getting ‘short changed’ because the merchant does not have enough change in the lower denoms to make proper change for the purchase of the item, thus they are paying more. This is a source of inflation too. She said it is not really anymore so much a confidence issue of the banks but an educational and logistical issue.  

But it goes beyond education even. She said let me explain:   

This is NOT an issue of not trusting in the banks but a ‘logistical’ issue on the part of the CBI. It was able to swap out the older Saddam Hussen lower denominations notes back in 2004 and so the process will be the reverse. We read an article all about this not too long ago, remember? It explains clearly why the deletion of the zeros is so important. She said it will also null and void any very large stashes of dinars outside the banking system once the turn-in date has expired. This will fight corruption.

My contact then went on to give a solution and said this is the ONLY solution that will work and the longer they procrastinate in implementing it the larger the problem will manifest.

But here’s the clincher, she said. They (CBI, IMF, World Bank, US Treasury) all know that once the currency is converted back to all lower denominations it must be followed by a revaluation. With the revaluation the currency must come back online (FOREX). The real nominal value must be recognized they call this the REER. She suspects that the powers controlling this are going to use the Iraqi dinar for other purposes too and so the REER rate must be very high. They are trying to secure this new rate with the economy. But here is the dilemma, Dr Shabibi told us way back in 2012 the dinar could withstand up to a market $16 rate on FOREX. If this was true back in 2012 then why is it still at 1/6 of a penny in 2026?  

She said simply that the CBI needs to convert/swap these large 3 zero notes to the newer lower denominations and issue coins and get on with it. I can’t believe they are still holding this up so long. There must be something very powerful behind it all. She said she has been in multiple meetings in the past and they know the real issue and also the realistic solution to it. They are not idiots, they see the problem. These 3 zeros notes were meant to be a temporary solution to prevent hyperinflation that began in 1990 and then got much worst during the sanctions and then from the 2003 post war. Anti-inflationary measures are key to a sound economy. Hyperinflation is now knocking at their door as a result of not swapping out these notes back earlier.  It is causing and always has caused logistical issues within the marketplace. The issue now is time. Time is no longer on our side, she said. Over time this problem will be manifested to the point that now it is a crisis since it has not been addressed properly. Corruption in the government has held up the deletion project for over a decade. She said she only hopes that the new prime minister Al-Zaidi can correct the corruption to the extent necessary.

She commented, that instead of preventing inflation, now they are causing it by delaying this project any longer. If they continue to print more and more of these lower denominations (250, 500, 1000) this process will keep increasing the monetary mass, a dangerous  path they seem to have taken. This will cause massive inflation something these larger notes were supposed to avoid.  She said they keep denying the real problem and dwell on the symptoms and do not address the heart of the real cause. Here are typical articles showing us this. They are the same old rhetoric we have been hearing for years. They are titled:

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

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

Everyone should take the time to read these two articles today. I ask you then, after reading them,  do they address the real issues or are they just giving us the same old, same old once again?

In both of these articles, she said for instance, they talk about the need “to avoid treating the proposal to change the national currency as a purely technical or monetary measure, explaining that this issue reflects the depth of the structural crisis that the economy is suffering from, and cannot be a substitute for the required financial, monetary and economic reforms.”  

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

This last part of the statement in the articles I totally agree with, she said. Yes, financial, monetary and economic reforms are required but have been underway for decades now, heightening during the last four years, but when do we address the inflationary part that is going to cause a major crisis if not solved soon.

How many structural reforms before we go ahead with the project do we need? She said to once again remember that Dr. Shabibi was going to delete the zeros way back in 2012-2013 and yet almost none of these reforms were in place. So, when is enough? She made reference to the petro-dollar and the expectation or goal of getting to 45-55% of revenues outside of the oil revenues is ridiculous and she feels this is also not a fair assessment of the state of the Iraqi economy. I felt her frustration for the first time in many years. Something was really making her angry.       

She went on to say that again many MPs are calling for a change in the exchange rate as a solution to the problem but this again will only be inflationary as it will rise prices. We also recently read an article on a proposed solution to only drop one zero. She said this was a ridiculous proposal by someone who clearly does not understand the problem or what comes next.

Today the 250 note is worth about 2 cents USD, the 500 note about 5 cents USD and the 1000 note about 90 cents USD. I also reminded my contact that the 250, 500 and 1000 notes will remain as notes in circulation after the swap out of currency and so I asked if this does impact anything. She said this still applies and could be a part of the reason why they are hording them. Could it be the citizens are holding on to these notes because they are special? At a $4 new rate the 250 will be worth $1,000, the 500 worth $2,000 and the 1000 worth $4,000.   

I then made reference to a couple articles in my Mnt Goat archives titled “IN LIGHT OF THE LIQUIDITY CRISIS… WHY DOESN’T IRAQ RESORT TO PRINTING MORE CURRENCY?” This is from February 11, 2015. I included in today’s Newsletter. I read them on the call to her. It hit home today as the crisis of liquidity is real and worsening. They did not do anything about it then but talk about it and it’s been over many years already of printing more and more of these lower notes.

Then yet another from my archives titled “AN IMMINENT PROCESS TO CHANGE THE SKIN OF THE IRAQI DINAR.. REMOVING ZEROS WILL REVEAL THE EXTENT OF CURRENCY MANIPULATION”. This one goes back even further to September 24, 2024. What are they waiting for I asked her?  

She then reminded me that CBI also has a plan but they need a buy-in from all entities such as the World Bank, the IMF and the US Treasury to implement it. They will not allow it until certain security issues are addressed namely the militia and factions. This plan is basically the Dr Shabibi plan of 2011 and is still on the table that also will include the reinstatement of the currency for trading. She told me there are actually only two main obstacles – the need the Oil and Gas law to become law and the issue of the Iranian militia and factions inside Iraq disarmed. The coalition considered that whoever engages in this behavior is committing a crime of threatening the security of the country, and will be among the outlaws who must be fought, in accordance with the articles of the constitution that prohibit the use of weapons outside the will of the state, or the formation of any armed organization outside the official armed forces.

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

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What else is in the news?

UPDATE: On disarming the militias and factions

In today’s news we learn a some more information as the process of disarming the militias is underway. There are couple important article. The first one is titled “WHAT HAPPENS TO IRAQ’S ARMED FACTIONS AFTER SEPTEMBER 30?”

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

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

The other article is titled “CHANGING THE UNIFORMS, RANKS, AND INSIGNIA OF THE POPULAR MOBILIZATION FORCES… TRANSFERS AND RETIREMENTS BY LOTTERY AND 5 DECISIONS BEFORE BAGHDAD”. Informed sources told Network 964 that Prime Minister Ali al-Zaidi’s committee for weapons control is engaged in extensive discussions addressing five key issues. Please go read these key issues to help resolving this militia issue in Iraq. This is happening now not months or years away. We can see the urgency as the end of September is arriving soon.  

There are also a number of other articles in the Articles Section related to this effort to disarm the militias. You can read them as I will not explain each in much detail. They are as follows:

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

 On Wednesday evening, August 5, 2026, Prime Minister Ali Faleh al-Zaidi hosted the thirty-seventh periodic meeting of the State Administration Coalition.

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

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

😊“IRAQ DECLARES “WAR” ON ARMED GROUPS OUTSIDE THE STATE”

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

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

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

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

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

I absolutely do not agree with the author of this article. We are witnessing  the disarmament effort in daily reports coming from Iraq. No one said this was going to be easy.

“EXCLUSIVE: FACTIONS SET FOUR CONDITIONS FOR FREEZING THEIR RESPONSE TO SAUDI ARABIA”

An informed source revealed on Thursday that the armed factions have “temporarily” frozen their decision to respond to Saudi Arabia, and have put forward their demands, which include an official apology and compensation from Saudi Arabia, otherwise they will proceed with a response.  The source told Shafaq News Agency that “the factions that threatened to respond to the Saudi bombing that targeted a number of Popular Mobilization Forces headquarters in some provinces have frozen their decision to respond, and have made its implementation or non-implementation contingent on the extent of Saudi Arabia’s response to the event.”

What the article does not tell you is that the factions uncontrollably targeted Saudi Arabia with a missile attack. Why did they do this in light of the sensitivity of the occupation inside Iraq. They did it in support of Iran and attacked US friends in the region. There was no justification for Iran’s attack other than craziness. These radicals are dark and evil people. This incident just proves once again why they must be removed from Iraq. They just reinforced their own demise.

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Kudos to Iraq:

I want to show you that even though we are reading daily articles about all the issues with the final formation of the new government and the disarming of the factions, there is still other good work being completed in the background that deserves to be noted. These are all signs of what is to come. Here are a couple nice awards given to Iraq for these efforts in the banking reforms.

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

The National Bank of Iraq announced on Monday that it had won the “Best Bank in Iraq for 2026” award, granted by the international magazine “Global Finance”, as part of its annual Best Bank Awards 2026 , which honors the most distinguished banking institutions worldwide. All I can say is WOW! WOW! WOW! and where is the RV?

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

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

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

In the Arab world, Egypt came in sixth place, followed by Tunisia, Morocco, Oman, Jordan and Algeria, while Iraq continued to be among the Arab countries most open and capable of building international partnerships. The ranking does not measure only military strength or the size of the economy, but focuses on international relations, openness, partnerships, and diplomatic presence and influence, which are indicators that reflect a country’s ability to operate in the international arena and build a network of relationships that extends beyond its borders.

This last paragraph is WOW! WOW! WOW! again…. 😊 😊 😊

What is the value of the currencies in these other countries mentioned above?

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SUMMARY

You have to ask why these two articles in today’s news about deleting the zeros? This was a question that began my most recent conversation with my CBI contact over the weekend. If you haven’t noticed this question was also at the center of my ‘Status Of The RV’ today. I only hope that everyone appreciates the efforts I take to bring you the latest and most accurate, honest news about this investment in the dinar.

The FACTS speak for themselves. Iraq will have to do something in the VERY near future to resolve this liquidity crisis before it turns into an inflation crisis, which could get out of hand real quick. They cannot continue to print more currency. I have never heard my CBI contact talk in such urgency before. In fact, is appeared to be an attitude of disgust and was almost angry at the establishment for not taking action up to this time. Over the months we have read article after article on solutions to the crisis of liquidity. Most of these solutions are certainly on the table, as any solution might be, but are they really feasible due to other factors. What will happen we don’t know for sure but what we do know is something has to resolve this liquidity issue before this get to a crisis mode.  

So, you see the CBI is stuck between a rock and a hard place. It will have to decide which option will resolve these banking issues, yet which one will give them the least fallback.

Can they get the disarmament of the factions and militias completed in time? Why is parliament not taking up the Oil and Gas Law in their sessions, as they told us was such a high priority? So, here we go yet again. In a recent article titled “THE KURDISTAN REGION IS DEMANDING 14.1% OF THE FEDERAL BUDGET.”

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

Shame, shame on parliament for not passing the Oil and Gas Law by now. So, here we go again. More disputes on the proceeds from the oil. More boycotting of parliament? Who gets what and how much? If parliament had passed the new law there would not be a dispute as it would be clear. I  know, I know the new census just came out and it appears Kurdistan deserves this new amount. But now they will have to fight for it as before.  

This new is a very good example of what economic expert Ziad Al-Hashemi said on Tuesday in his August 4, 2026, article. See above article titled “AN ECONOMIST SAYS IRAQ HAS ENTERED A PHASE OF “PAYING THE PRICE” AS A RESULT OF ACCUMULATED MISMANAGEMENT AND CORRUPTION – URGENT”

The Kurdistan Region is demanding 14.1% of the federal budget based on the new population census.

The 2027 budget will include promotions and the hiring of 100,000 people. (these salaries could be private sector hiring off the govt payrolls, if they had gotten the economy going over the last 20 years.)

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Let’s keep our prayers alive. There is a deep spiritual dimension at work today bringing about this reset. I believe we are closer than ever for the dinar to get reinstated. But first things first. Part of the mess in the US must be cleaned up too. Then certain laws in Iraq must be passed. Certainly, reviving the economy to at least 45%-50% non-oil revenues could make a huge difference for Iraq and the IMF. Let’s also let the Abraham Accords take effect as more Arab countries join in. By now everyone should be fully aware of these events that caused delays in the currency reform process. This is not rocket science to understand. We are not in control over these obstacles. We need to STOP spreading rumors and over speculating.

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

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

                                             Just the FACTS!

                                         

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

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

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

Prophetic Words from the prophets:  Julie Green

“You Will See A Complete RED Wave For The 2026 Midterms”

Go to 12:54 mark for prophecy. From July 19th.  “Get Prepared Something Big Is Coming”

“The Side Of The Left Is At War With Each Other“

Go to the 13:16 mark on the video. Given on July 25^th, first one.

“A Political Storm Is Upon Your Enemies And It Will Wipe Them All Out”

Go to 14:13 mark for prophecy. From July 25th second one.   

Trump is about to use a trump card on the establishment.

“More Countries Are Willing To Help Expose And Destroy The Deep State”

Go to 12:43 mark for prophecy. From July 26th.  

The money is drying out for the deep state to support the illegal migrants.  They can’t keep their promises to take care of them, if they came here. The immigration scam to destroy our countries is over as more and more are being deported.

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.  

FAUCI MADE 4 MISTAKES WHILE PLEADING 5TH’

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

FAUCI HIT WITH SUBPOENAS FROM MULTIPLE STATES

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

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

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

Oh boy are you in for an awakening…..

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

6 Democrats Just Voted With republicans.

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

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

DEMOCRAT PARTY STRATEGY: CREATE CHAOS GOING INTO MIDTERMS

POLITICAL BATTLE IS TEARING THROUGH THE DEMOCRATIC PARTY

CHILLING WARNING ABOUT DEMOCRAT SOCIALISM

The takeover of the Democrat party.

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

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

HISTORIC LOWE & FARAGE PACT?

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

NOT COMPATIBLE WITH WESTERN WORLD VALUES

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

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

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

Is the United Nations the head of the snake?

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

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

SENATE EXAMINES ALLEGED MUSLIM BROTHERHOOD NETWORK IN AMERICA

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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MP PROPOSES DIGITAL DINAR TO FIX IRAQ’S CASH SHORTAGE

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

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

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

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

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

Citizens have to have a bank account already.

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

This is the REAL Problem:

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

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

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

SOLUTION

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

STRUCTURAL CRISIS

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

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

PURCHASING POWER

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

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

MANAGING THE TRANSITION PHASE

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

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

CHRONIC DISORDERS

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

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

ISSUANCE OF CURRENCY DENOMINATIONS

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

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

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

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

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IRAQ: BETWEEN OIL WEALTH AND A LACK OF ECONOMIC VISION

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The federal government and the budget proposal

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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IRAQ DECLARES “WAR” ON ARMED GROUPS OUTSIDE THE STATE

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

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

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

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

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

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

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

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

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

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

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

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

 

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

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

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

What The Anti-Terrorism Law Defines

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

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

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

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

Penalties

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

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

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

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

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

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

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

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

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

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

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

A new visual identity:

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

Crowd algorithm

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

(From February 11, 2025)

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

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

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

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

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

Where is the Iraqi currency printed?

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

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

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

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

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

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

An option on the government’s table

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

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

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

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

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

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

Pros and cons of printing

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

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

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

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

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

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

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

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

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

Numbers and statistics

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

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

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

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

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

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

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

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

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

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

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

September 24, 2024

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

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

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

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

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

60  countries experience

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

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

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

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

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

What about the value of the dinar?

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

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

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

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

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

EXPECTED EFFECTS

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

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

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

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

As for the negatives:

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

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

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

Steps to strengthen the dinar

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

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

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

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

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

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

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

                                             Just the FACTS!

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

Auf Wiedersehen

Much love to ya all,

Mnt Goat

aa

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 21, 2026 Mnt Goat News Brief

Guten Tag everyone:

Today’s news is all very good as Iraq made commitments to Washington that, if completed, we will finally see what we all have desired as investors in the Iraqi dinar.

GIVE A GIFT TO MNT GOAT

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

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

Let’s all try to chip in!

____________________________________

1 Corinthians 13:3

Charity is rooted in love: In, love is described as the greatest gift, surpassing even material giving. Without love, giving is meaningless” 

STATUS OF THE RV

Can the news get any better than this other than getting news of the reinstatement is done. Folks, this visit by al-Zaidi to Washington is beginning to pay off for Iraq. Do you remember I told you months ago, during all the chaos of the Iraqi election cycle, that President Trump has his eyes on Iraq and a plan to revolutionize their economy, but only if they let him. Coinciding with the Trump plan were five (5) issues that needed to be addressed. See my 9/16/26 Newsletter.

Later in today’s Newsletter I want to give everyone an update on Saturdays conversation with my CBI contact. I asked a lot of questions on your behalf and mine.

I know, I know, I am beginning to sound repetitious but am trying to make some points here today so everyone can understand the importance of these five issues and why they are so important to executing Trump’s plan. Did I mention this is not only for Iraq but the entire middle east. Iraq is going to play a MAJOR role in the plan. All the emphasis now seems to be focused on regime change in Iran and cleaning up the Iranian influence in Iraq. This is the stage in the revolution we are in. It is all being pieced together only more slowly than us investors want. Major players/investors are NOT going to want to come into Iraq under the threats of terrorism or a corrupt government. Oh…. did they say SECURITY and STABILITY again?

So, look at what just happened. Let me bring some clarity to the absolute insanity of the Iranian factions stationed in Iraq. Take a peek at the article titled “THE INTERNATIONAL COALITION THWARTED AN ATTACK ON ERBIL, SHOOTING DOWN EIGHT EXPLOSIVE-LADEN DRONES IN 27 MINUTES.”  

So, who’s driving these drones? Who is shooting them at Iraqi cities? Yes, this is all Iranian backed once again. You would think that in the midst of all the ongoing talk to disarm them inside Iraq, they would behave themselves. Nope, so how foolish and idiotic to attack inside Iraq which would only lead to yet more pressure to enforce even more what Trump knows needs to happen, to disarm them. Now all the people in Iraq know it too. Remember that as of September 30th the International Coalition in Iraq will be departing so this brings up two important points:

1) shows the vulnerability of the security situation that still exists in Iraq as long as Iranian terrorist hold any power or leverage. They must be disarmed in Iraq and thrown out of government positions,

2)Al-Zaidi, in his Washington trip, promoted a desire for a new security agreement with the U.S. since the international coalition will be leaving in September. The US will need this to protect US investors inside Iraq. So, no, there will be no void again like president Obama left when he pulled out in 2011 then allowing ISIS, then Iran to come in.   

Next, we see another reason for yet more ongoing reforms in Iraq. But we must ask if this event happen already happen before the reforms were in place…something to think about. Headlines can be catchy but sometimes deceiving. The U.S. administration is pressuring or pressured these reforms on Iraq. You can clearly see why now the critical importance of these kinds of monetary reforms due to the magnitude of money stolen we learn about today. See article titled “DOCUMENTS REVEAL THAT THE JUDICIARY HAS ORDERED AN INVESTIGATION INTO THE FATE OF $140 BILLION IN IRAQI REVENUES.” Folks, this is in US dollars not dinars.

Member of the Legal Committee in the Iraqi Parliament, MP Mohammed Jassim Al-Khafaji, announced on Tuesday that an official move has been made by the Public Prosecution to open a judicial investigation into suspicions of the disappearance and fate of $140 billion of the country’s revenues.   Mama, Mia…. that’s-a-lot of money!!!! According to official documents obtained by Shafaq News Agency, the legal action came in response to an official request and notification submitted by MP Al-Khafaji on June 27 to the head of the Public Prosecution Service, demanding the opening of a proper investigation based on recorded statements (on a CD) by the former Undersecretary of the Ministry of Finance, Masoud Haider, who spoke about not knowing the ways in which $140 billion of Iraq’s revenues were spent over three years.

This one blows my mind. Folks this is a lot of money with no accountability for it. Really?

Do you see the problem here? What would happen if they already reinstated with this kind of corruption going on. I am dying to find out what happened to this revenue, how about you?

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Is the Oil and Gas Law passed? I am a bit disappointed with the first two sessions of parliament under this new administration. During the election cycle we read multiple articles on how they would put a ‘high priority’ on the Oil and Gas Law and other laws. Yet it has not been taken up. We need to keep a close eye on this law.

this law.

                         ________________________________________

PRESIDENT DONALD TRUMP MEETS IRAQI PRIME MINISTER ALI AL-ZAIDI AT WHITE HOUSE 

I have multiple articles on what took place during these meetings with the Iraqi delegation to Washington and how this could all lead to the Reinstatement. It is looking very promising.

Next, let’s summarize this onslaught of news coming from Iraq as a result of the new prime minister al-Zaidi on his recent trip to Washington. If all of these headlines hold to true, I can not see how we can not see something significant with the dinar in the very near future. I am talking about a reinstatement and what we all want. Let’s take a dive into this today.

Am I talking just about a January 2027 reinstatement? This could be a significant timeframe for us once again and it is dependent still with the resolution of the five issues first in my 09/16/25 Newsletter. Are these resolved already?   

If we read the captions on these newest of the news articles from today you can conclude that these are not additional issues but the execution of the means to set the stage for president Trumps plan for a major economic revolution in Iraq. I am not adding additional issues to my 9/16/25 list but rather showing you that this is going to be the next stage and these past issues are going to allow this economic revolution to take hold.

Let’s review them and dig deeper on each. Each article in its entirety can be found in the Articles Section of today’s Newsletter. The headlines are in RED as usual.

• EXCLUSIVE: BAGHDAD SEEKS TO ESTABLISH A NEW ECONOMIC ERA WITH WASHINGTON

The government seeks to capitalize on the current political momentum to transform the relationship with the United States into a productive partnership that opens the door for major American companies to participate in strategic projects within Iraq, particularly in the oil, energy and infrastructure sectors.

He explained that a number of major American companies have shown a clear response to the government’s vision, stressing that some of them have already entered into understandings with the Iraqi side, and that the results of these agreements, which are based on common interests,  

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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:

August 4, 2026 Mnt Goat News Brief

Guten Tag everyone:

Today’s news is all very good as Iraq made commitments to Washington that, if completed, we will finally see what we all have desired as investors in the Iraqi dinar.

GIVE A GIFT TO MNT GOAT

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

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

 Let’s all try to chip in!

____________________________________

Galatians 5:13

“For you were called to freedom, brothers. Only do not use your freedom as an opportunity for the flesh, but through love serve one another.” 

STATUS OF THE RV

Willkommen im Monat August.

Still no RV. So much news today about many important topics. Where do I begin?

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It is the beginning of a new month. The Latest Mnt Goat Newsletter will only be published if my viewers support it. If you have not yet shown you appreciation, please try to help out for this month. We are already down to one Newsletter a week due to non-participation by the majority of viewers.

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

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First, I would like to clarify all these rumors and so many lies about the recent article from the economists Al-Sheikh’s plan to delete 1 zero from the dinar currency. You can read my all important information about this article in my July 28, 2026 Newsletter. They say it’s going to RV any day as a result of deleting only 1 zero.. Really? Yet more lies. Let me show why this is just more nonsense by idiots. Let’s take a peek at a couple important recent articles published since Al-Sheikh’s plan . The first one is titled “AL-ZAYDI’S ADVISOR TO RUDAW: THERE IS NO DECISION TO REMOVE ZEROS FROM THE DINAR”

 I will quote from the article. This one remember is from Salih not the CBI. “The financial advisor to the Iraqi Prime Minister , Mazhar Muhammad Salih , confirmed that there is currently no official decision to remove zeros from the Iraqi currency . He pointed out that Iraq lost 85 % of its oil revenues due to the war (recent Iranian conflict, while its currency and gold reserves remained stable.  

The next article is from the prime minister and is titled “MONETARY STABILITY MAP: AL-ZAYDI’S ADVISOR REVEALS THE TRUTH ABOUT REMOVING ZEROS AND THE REASONS FOR THE SCARCITY OF SMALL DENOMINATIONS”

The financial advisor to the Prime Minister put an end to the growing debate in Iraq, asserting that talk of removing zeros from the currency or the existence of a cash crisis is merely baseless rumor. While attributing the scarcity of small denominations to their rapid deterioration due to frequent circulation, he emphasized that the problem lies not in printing new currency, but rather in the way liquidity is managed and circulated within banks.

Zero Removal Project

The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, told Al-Alam Al-Jadeed on Wednesday (July 29, 2026) that “Iraq does not currently have any official indications or decisions regarding removing zeros from the Iraqi currency,”

I also want to remind everyone that we also had a recent article from the CBI  on this subject matter also explaining that there is no deletion of any zeros now planned, not to dismiss that the project still does exist.

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In this next article read it carefully. I have presented some tidbits of information that show use just how Iraq is still financially strong to overcome the Oil blockade through the straits and survive. It is titled “HOW LONG CAN IRAQ RELY ON THE CENTRAL BANK’S RESERVES, MONEY-PRINTING SCHEME TO SURVIVE?”

For four months, despite an 83 percent decrease in its revenue, Iraq has still been able to cover its monthly expenses; above all, seven trillion Iraqi dinars (about $5.3 billion) for wage earners, including the Kurdistan Region.

They did this through two ways:

1.It is true that the delayed return of oil revenue through the national marketer’s mechanism, the State Organization for Marketing of Oil (SOMO), resolved some of the imbalance between revenue and spending during the ongoing war, 

2.but what has sustained the Iraqi government financially is the Central Bank of Iraq (CBI) by introducing 43 trillion dinars (about $32.6 billion). This was done by injecting newly printed money and reducing the reserves it had accumulated over two decades. 

Now the truth also comes out as to a reason why the new PM changed the director of the CBI from Ali Al-Alaq to Nizar Hussein. Remember that Al-Alaq did not want to print new currency and wanted to reduce and the money supply and worked towards the Project to Delete the Zeros and not against setting up for the success of this project.

If this crisis goes on much longer Iraq could face a inflation crisis if they continue to print more money. This will cause inflation regardless of the downward trend of the dollar. There reason why they already have not experienced it is because the dinar was so low against the dollar to begin with and is bouncing back. But this will only last so long and them the impact will happen, if they continue printing more. Printing this hard currency and infusing it into the economy is going against their plan to reduce the currency by 2/3 in circulation which makes the Project to Delete the Zeros much harder or longer to complete. We must be aware of this impacts on these actions due to the Iranian conflict. In the previous article they came right out and told us it is the Iran conflict that hindering the start of the project to remove the zeros.

All I can say is “I told you so”. Yes, if it’s not one thing its another. But my CBI contact is keeping us informed. They do want to target January 2027 again. Can they do it? There is lots of cleanup still to do with these Iranian backed militia and factions but this is supposed to be completed by end of September 2026. The US coalition just announced they are now moving out of Iraq as their part of the deal to disarm the militia. Also, now Saudis are helping by bombing sites in Iraq held by factions that are being used to attack them from based in Iraq. Its all good.

See article titled “WASHINGTON BEGINS WITHDRAWING ITS LAST TROOPS FROM IRAQ AND KURDISTAN, ENDING ITS MILITARY PRESENCE.”  A report published by Al-Monitor on Saturday (August 1, 2026) revealed that the US military has begun implementing the final phase of its military withdrawal from Iraq by withdrawing its last remaining forces in the Kurdistan Region, along with air defense systems and related military equipment, in a move that represents the conclusion of the plan to end the US military presence in the country.

Check out this article. This concept really get my goat. They are using your tax dollars to stop the RV. I don’t mean directly or consciously even. What I mean is these funds being paid to Iraq are your tax dollars, yet by supporting the militia using these funds they are actually holding up the RV process.

😊The article is titled “CONGRESS COMMENTS ON THE BOMBING OF THE POPULAR MOBILIZATION FORCES: WE FUND THE IRAQI GOVERNMENT AND IT PAYS SALARIES TO THE MILITIAS.” What? I can hardly believe the US would be so stupid! Finally, someone in the senate doing their job. We read about this in the news years ago. This is why we vote for conservatives. Yes, he is addressing these kind of important issues rather than worrying about people supporting transgender rights or letting them in the ladies toilet… lol,lol,lol.

US Congressman Senator Joe Wilson commented on Wednesday (July 29, 2026) on the US-Saudi bombing of Popular Mobilization Forces (PMF) headquarters inside Iraq, saying that the support provided by the United States to the Iraqi government, which pays salaries to the PMF, must stop, especially after US forces were subjected to attacks by Iraqi militias supported by Iran, in an indication of the PMF’s involvement.

He also praised the inclusion of a clause in the National Defense Authorization Act in the US Congress to cut off funding to Iraq unless the government “disarms all Iranian-backed militias.” 

WOW! WOW! WOW! for this last paragraph statement.

“I proposed to cut off funding to Iraq unless the government disarms, demobilizes, and reintegrates all Iranian-backed militias.”

Don’t you find it hypocritical how Iran can tell every other country they can provides air space or bases for the US operations against them however they are using in Iraq, Iranian occupied bases with militias to conduct attacks on other countries surrounding Iraq.  Simply put I have been saying this all along. Why does Iran get a pass and the U.S. is always subject to all the criticism? Now we are seeing the tide turn, finally and Iran is being pushed out of Iraq and the truth is coming out thanks to U.S. Senator Wilson.

“media outlets circulated images of bombings of camps said to belong to the factions on the borders of Iran and Basra, as well as several cities in Wasit, Karbala and Nineveh.”

“This is the first admission of Saudi participation in striking Iraq since the Second Gulf War in 1991, when it participated in the international coalition to expel Saddam Hussein from Kuwait. Riyadh has been known for its high level of restraint, and it is believed that its announcement of participation in the attack”  

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AN UPDATE: The ‘Development Road’ Project:

Let’s move on to a different topic. I have talked about this project all throughout Al-Sudani’s as prime minister. This one involves attracting massive investors to Iraq. But for what? It is money needed to kickstart the ‘Development Road’ Project. They have to build the roads and rail lines. This take big bucks.

In today’s articles we also get a glimpse as to when they intend to get this project moving ahead. I mean really moving ahead not just a lot of talk like before. Remember this project? This was a pet project for Al-Sudani and I believe he would have loved to continue it in his second term as prime minister, which he did not get. Also remember al-Sudani is still around and not going anywhere. I totally expect him to get his second term in the future but unfortunately for him he did not follow the Coordination Frame work directives when it came to Iranian militias and so he got hurt in the past election. Al-Zaidi too is also now getting negativity and push back now from the Coordination Framework who feel he owes them some loyalty, as we will see in a later article.  

So now meetings with the neighboring country of Turkey are underway which is a vital partner to have for this project, in fact MAJOR partner. It is looking VERY promising that Turkey will invest and assist.

Here is are the articles:

😊The first one is titled “AL-ZAYDI AND ERDOGAN AGREE TO BEGIN IMPLEMENTING THE “DEVELOPMENT ROAD” AND TO ORGANIZE MEETINGS OF THE “WATER COMMITTEE”. I have to say this- did the recent trip to Turkey made by president Trump to see Erdogan have anything to do with this? 😊 😊 😊 it all ties together for peace in the middle east. Get it? If there is peace our chances for an RV go up substantially, I mean really HUGE!

“Iraqi Prime Minister Ali al-Zaidi and Turkish President Recep Tayyip Erdogan agreed on Tuesday evening to begin implementing the “Strategic Development Road” project and to continue regular meetings of the joint standing committee between the two countries concerned with the water issue.”  So, it looks promising that the al-Sudani legacy moves on into al-Zaidi’s term. 😊

😊The second article is titled “AL-ZAYDI: “THE DEVELOPMENT ROUTE” TRANSFORMS IRAQ AND TURKEY INTO A LINK BETWEEN ASIA AND EUROPE”. I have included some snipits from the article for you. This article also gives us a good idea of the importance of the project and where it could lead Iraq. Will the future be brighter and more prosperous once completed?

Prime Minister Ali al-Zaidi affirmed on Tuesday that “the vital development road project transforms Iraq and Turkey into a link connecting Asia and Europe, while also calling for joint management of the water issue between the two countries.”

”stressing that Turkey “possesses an advanced industrial base, a strategic location, and extensive experience in the fields of infrastructure, energy and transportation.”

Al-Zaydi said that “the potential of the two countries together is not just shared borders, but a wide space to build one of the most important economic partnerships in the region,” noting that

 “Iraq and Turkey have a historic opportunity to transform their geographical location into economic value, making them a link between the Gulf, Asia and Europe.”

He pointed out that “the development route is not just an Iraqi project, but a regional one that redefines the concept of economic connectivity in the Middle East,”  

“In April 2024, Iraq, Turkey, the UAE and Qatar signed a four-way agreement for the Iraq Development Road project, under the auspices of former Prime Minister Mohammed Shia al-Sudani and Turkish President Recep Tayyip Erdogan.”

“The project’s investment budget is approximately $17 billion, divided between $6.5 billion for the highway and $10.5 billion for the electric railway. It will be implemented in three phases, ending in 2028, 2033, and 2050.”

“The project is expected to provide around 100,000 job opportunities in the first phase and one million job opportunities upon completion, and will promote economic growth and regional and international cooperation.”

😊Yet more news on this subject that I believe is going to relate nicely to the Development Road Project. It titled “AL-YASSIRI: THE NEXT PHASE WILL WITNESS A QUALITATIVE SHIFT IN THE MANAGEMENT OF THE INVESTMENT PORTFOLIO.” Folks, it all tied together.

The head of the National Investment Commission, Adel Dakhel Mohammed Al-Yassiri, began his duties as head of the commission on Sunday, stressing “that the next stage will witness a qualitative shift in the mechanism for managing the investment file in Iraq.”

“Al-Yasiri  added that “investment represents a fundamental pillar in the state’s new strategic vision”  

But we all knew this already, didn’t we!  I find it funny to read this last paragraph because foreign investment has ALWAYS been the fundamental pillar in the state’s strategic vision. It is nothing new. I don’t know why they do this. They spark up hype for an issue that has been a long-standing issue only they did want to complete the challenges that hindered any real progress in it in the past.. This investment money push has been in article after article during the last 15 years, but nonsuccess has been the norm. Why?

How many investment forums have they had? I only hope now they take it seriously and address the OTHER ISSUES HINDERING IT from coming to reality, like the Iranian threat and all the corruption like from the Nouri al-Maliki gang and the like.

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A CHOICE: Al-Zaidi’s Sovereign Iraq OR an Iranian backed proxy state of Iraq?

Now remember what we read in my last Newsletter. Al-Zaidi told president Trump while visiting Washington a few weeks ago, he did not want a ‘failed state of Iraq’. So, we know where he is coming from. It seems from all the news resulting from his visit with Trump he is going to work with the U.S. to rebuild Iraq and move ahead, hopefully very quickly. Here is the article from my July 28, 2026 Newsletter. Its titled “AL-ZAIDI REVEALS THE “ADVICE” HE GAVE TO TRUMP: WE DON’T WANT IRAQ TO BE A FAILED STATE.“ In it Prime Minister Ali al-Zubaidi affirmed that his government rejects Iraq becoming a “failed state,” stressing the need to continue fighting corruption and bear “all the consequences,” while revealing that he advised US President Donald Trump against launching a military strike against Iran.  Later we will also read a more recent news about a push back from the Coordination Framework in that is seems they don’t care for Al-Zaidi’s attitude and are pushing back on it. Iraq can no longer hide behind an excuse that they are in charge and use the ‘sovereign state’ defense for not wanting to listen to the U.S. which is only trying to help them and at the same time create an atmosphere conducive to peace in the middle east. Yes, Iraq can obey Iran that has stolen trillions of dollars (not dinars) from Iraq but that is not interfering in their affairs? I think its time to take it to the serious level and push back on Iran.

😊The showdown has begun. The momentum is picking up, the paradigm is changing slowly in Iraq. We can see it in this next article titled “AL-SHAMMARI CALLS ON AL-ZAYDI TO REVEAL THE NAMES OF THE “CORRUPTION KINGPINS” INVOLVED IN STEALING PUBLIC FUNDS.”  On Tuesday, MP Mohammed Al-Shammari, from the parliamentary services bloc, called on Prime Minister Ali Al-Zidi to reveal the names of the “corruption kingpins” involved in looting and stealing public funds. I think this one got the attention of big shots in the Coordination Framework….lol..lol..lol.. See the next article,.,.. WOW!

😊This next article is probably the most important one today in which you will realize once you read it. It is titled “I WILL LEAVE IF I REMAIN SHACKLED”… AL-ZAYDI’S RESIGNATION SHAKES THE COORDINATION FRAMEWORK, AND THE WEAPONS ISSUE IGNITES THE CONFRONTATION.”

This is a love / Hate article. You have to love al-Zaidi is what he is trying to do for Iraq but at the same time, if he resigns, that will create a mess for us and any real progress sooner than later for the RV. You need to read the article below to see why he is feeling this way. Who is pressuring him to act a certain way? Does he have the power he wants and needs to make the significant changes that need to happen?

In a remarkable political development, sources within the coordination framework, as reported by Al-Araby TV and followed by Al-Mustaqilla, revealed “an escalating, undeclared crisis between Iraqi Prime Minister Ali Faleh al-Zaidi and the political forces supporting his government, reaching the point of hinting at the option of resignation.”

Oh….. could it be al-Zaidi is ruffling some proverbial feathers in the Coordination Framework with his fight against corruption in Iraq? Finally…. someone willing to stick his neck out and risk it. We see this too in the U.S. as many democrat politicians hate Trump for what he is doing to clean up their corruption in politics in the U.S. Yes many parallels to the U.S. between these two countries.

According to the sources, “Al-Zaydi expressed his dissatisfaction with the lack of response to his vision on a number of crucial issues, stressing that the continued obstruction of his government’s decisions may push him to take a decisive political stance”.

“These developments put the Al-Zaidi government in front of one of its most difficult crises since its formation, as the dispute is no longer about administrative details or differences in viewpoints, but rather about the nature of the security and sovereign decision and who has the final say in state matters”.

1.The weapons issue: the flashpoint between al-Zaydi and the factions

According to the information circulating, the issue of restricting weapons to the state has become one of the most prominent causes of tension, after some factions did not respond to the Prime Minister’s directives regarding reorganizing the status of weapons and armed forces under the official state framework.

Observers believe that this issue of the militias represents the biggest test for al-Zaydi, as any attempt to redefine the relationship between the state and the factions will clash with complex political and security balances that have formed over the past years.

“The al-Zaidi crisis raises a major question about the ability of Iraqi governments to make independent decisions on sovereign matters”  

I find it hypocritical that these same Iranian backed political leaders will always come and talk about protecting Iraq sovereignty when it comes to U.S. interference yet they and their policies are the ones threatening it’s sovereignty the most.

“A political resignation or a warning message?

Politicians believe that al-Zaydi’s threat to resign may be a pressure tactic to rearrange the rules of the relationship with his partners, but at the same time it reveals the extent of the tension within the coalition that leads the government.”

“If the crisis turns into an open confrontation, Iraq may be facing a new phase of political conflict, the title of which is: Who has the final say… the government or the forces behind it?  The coming days will be crucial in determining whether al-Zaidi’s threat is merely a bargaining chip, or the beginning of a political crisis that could redraw the map of power in Baghdad.”

WARNING: I just want emphasize we may end up with yet more political turbulence in the near future inside Iraq as this plays out. Let’s remember this article and what it just told us.

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SUMMARY

There is no bad news today. No RV! Lots of smiles .,..lol..lol..lol.. My point today is they (the CBI) always push for an RV target, however there are always a series of issues to resolve along the way, hopeful they can do it. I can say with all my heart that “i told you so” about these militias and factions and how they would hold up the RV. It is like constantly running uphill. Yes, a struggle. But I have to say they did it to themselves by letting the Iranians stay in their country post ISIS war. The government back then should have IMMEDIATELY in 2017 told the Iranian militias to leave. So, you can see competition for occupation of Iraq either by the U.S. or Iran. Iran found a window of opportunity to occupy Iraq through the war with ISIS and took it. Now if you tell me Iraq couldn’t expel Iran after the ISIS war, now that’s a different story altogether. Maybe the forces of Iranian militias at that time were stronger than the Iraqi security forces and it simply was not possible? Or the idiots running Iraq did not realize just how bad the Iranians could be. Now they are getting a taste of it.

I believe that our ‘saving grace’ for a future reinstatement is held in the progress and non-oil revenues they can derive from the ‘Development Road’ Project. Diversification of the economy with non-oil revenues is coming and in part is moving ahead now. We can see evidence of this with the Turkey/U.S.(Trump) talks and now the Turkey/Iraq talks. There is a bill each month of over $5 billion dollars to keep Iraq going. This is not moving ahead, just paying the socialist salaries and benefits. Iraq must get out of this socialist like economy and move quicker to a capitalistic, private sector economy.

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Let’s keep our prayers alive. There is a deep spiritual dimension at work today bringing about this reset. I believe we are closer than ever for the dinar to get reinstated. But first things first. Part of the mess in the US must be cleaned up too. Then certain laws in Iraq must be passed. Certainly, reviving the economy to at least 45%-50% non-oil revenues could make a huge difference for Iraq and the IMF. Let’s also let the Abraham Accords take effect as more Arab countries join in. By now everyone should be fully aware of these events that caused delays in the currency reform process. This is not rocket science to understand. We are not in control over these obstacles. We need to STOP spreading rumors and over speculating.

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

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

                                             Just the FACTS!

                                         

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

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

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

Prophetic Words from the prophets:  Julie Green

“You Will See A Complete RED Wave For The 2026 Midterms ”

Go to 12:54 mark for prophecy. From July 19th.  “Get Prepared Something Big Is Coming”

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.  

DEMOCRAT PARTY STRATEGY: CREATE CHAOS GOING INTO MIDTERMS

POLITICAL BATTLE IS TEARING THROUGH THE DEMOCRATIC PARTY

HOW MAMDANI IS LEADING DEMOCRATS STRAIGHT OFF A CLIFF….

Only many of the democrats are too dumb to realize what the final outcome of Mamdani is going to be for their party. Later, they will regret ever supporting him or at the least not speaking out about him. They are still hopeful someone, anyone, can pull them through these next two elections. It is not looking very good for the democrats.

HOW COVID WAS HANDLED? IT’S THE LYING PART WE CAN’T LIVE WITH.

“TRUMP IS ABOUT TO DO WHAT NO ONE EVER EXPECTED…”

HOW MUCH TROUBLE IS DR. FAUCI REALLY IN?

SENATE POSTPONES TODD BLANCHE AG VOTE

I believe he will be confirmed prior to November mid-terms. After mid-terms we are going to see a wave (a RED wave) of inditements come out. Then the trials begin. Will the executive branch decide to go to martial law in many of these larger cities using military style like tribunals to prosecute their crimes? Remember what the prophets told us.

RUDY GULIANI JUST CONNECTS THE DOTS ABOUT NYC MUSLIM MAYOR MAMDANI

DEMOCRATS PAID A FORTUNE TO BURY THIS…

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.

AL-ZAYDI’S ADVISOR TO RUDAW: THERE IS NO DECISION TO REMOVE ZEROS FROM THE DINAR

The financial advisor to the Iraqi Prime Minister , Mazhar Muhammad Salih , confirmed that there is currently no official decision to remove zeros from the Iraqi currency . He pointed out that Iraq lost 85 % of its oil revenues due to the war (recent Iranian conflict, while its currency and gold reserves remained stable . Speaking to Rudaw Media Network on Thursday ( July 30, 2026) regarding rumors about changing the Iraqi currency and removing zeros , Salih said , ” There is no official decision . This is a delicate technical procedure that requires favorable economic conditions and extensive preparations within the banking system .” 

Regarding the dollar, the Prime Minister ‘s financial advisor indicated that Iraq possesses strong reserves , but political events have had their impact, explaining that “the war deprived Iraq of 80% to 85% of its foreign currency revenues .” Muzhir Muhammad Salih reassured employees and salary recipients , saying, ” There is no problem with the availability of cash for salaries. The Central Bank and the government have the full capacity to meet their financial obligations to employees , retirees, and the social safety net . The pressures we sometimes see are only related to cash management; they are temporary and not a financial crisis .” Muzhir Muhammad Salih also indicated that reserves

Currency and gold formed a strong shield to protect the value of the dinar and the stability of the market, despite the decline in Iraqi oil exports to 10% of their previous level due to the Strait of Hormuz crisis .

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MONETARY STABILITY MAP: AL-ZAYDI’S ADVISOR REVEALS THE TRUTH ABOUT REMOVING ZEROS AND THE REASONS FOR THE SCARCITY OF SMALL DENOMINATIONS

The financial advisor to the Prime Minister put an end to the growing debate in Iraq, asserting that talk of removing zeros from the currency or the existence of a cash crisis is merely baseless rumor. While attributing the scarcity of small denominations to their rapid deterioration due to frequent circulation, he emphasized that the problem lies not in printing new currency, but rather in the way liquidity is managed and circulated within banks.

Zero Removal Project

The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, told Al-Alam Al-Jadeed on Wednesday (July 29, 2026) that “Iraq does not currently have any official indications or decisions regarding removing zeros from the Iraqi currency,” explaining that “this measure is part of a comprehensive monetary reform, and it cannot proceed except after creating a stable economic and financial environment and fulfilling the necessary technical and institutional requirements.”

He adds that “removing zeros, if implemented in the future, is a regulatory measure aimed at simplifying monetary transactions and accounting systems, and does not in itself result in an increase in the real value of the dinar or an improvement in the purchasing power of the citizen, because purchasing power remains linked to economic performance, production and financial stability.”

small denominations

Saleh explains the scarcity of small denominations of currency by their paper nature and high rate of circulation, which leads to their being damaged within a short period of time. He clarifies that this phenomenon is not related to a shortage in issuance, but rather to the characteristics of their daily use.

He points out that Iraq, unlike many countries that rely on coins for small denominations, still uses paper denominations, noting that the lifespan of these denominations does not exceed about one year according to international standards, due to the intensity of their use and their continuous transfer between hands, at a time when reliance on paper money remains high while electronic payment methods continue to grow.

The issue of small denominations of currency has resurfaced after increasing questions about the reasons for their scarcity in Iraqi markets, amid ongoing debate about cash liquidity management and mechanisms to meet daily trading needs.

Printing a new currency

Saleh believes that “it cannot be said that Iraq is suffering from a shortage of money supply in the sense that necessitates printing new currency, as the Central Bank has the ability to provide cash in accordance with the needs of the economy, and the size of the currency issuance is linked to specific technical and economic factors.”

He continues, “The most prominent challenge is managing and distributing liquidity efficiently within the banking sector, in addition to encouraging banking and electronic transactions to reduce hoarding outside the banking system and improve the efficiency of cash circulation.”

Saleh emphasizes that “issuing a new edition of currency is not just a technical decision, but rather an integrated process that requires a careful study of monetary needs, costs, and the characteristics of the new currency, as well as coordination between the Central Bank and relevant government agencies.”

The Prime Minister’s financial advisor points out that “no official announcement has yet been issued regarding the adoption of a new currency issue, which means that any steps in this direction remain subject to the monetary authority’s assessments and market needs, and are not related to the existence of a currency crisis. What is being raised in this regard is based on statements issued by non-specialized sources.”

Official assurances

Amid growing talk of liquidity pressures and delays in releasing some salaries, governmental and parliamentary assurances emerged that the current crisis is temporary and does not represent a structural flaw in the economy, coinciding with moves to address financial obligations, complete the preparation of the draft general budget, and initiate legislative reforms related to public finance management.

The parliamentary finance committee affirmed that the government possesses the necessary tools and capabilities to overcome the current stage, noting that the financial pressures came as a result of regional economic repercussions and a decline in oil exports, but they do not amount to a structural crisis, and that the government measures aim to contain the immediate challenges while continuing to implement the economic reform path, and ensuring the continuation of government obligations, foremost among them the salaries of employees and social entitlements.

Regarding the issue of salaries, the Finance Committee reassured employees about their entitlements, explaining that any delay in releasing salaries is due to an emergency and temporary shortage of financial liquidity, and that the concerned authorities are working to address it within a short period.

Jamal Kojar, a member of the parliamentary finance committee, said in a press statement followed by “Al-Alam Al-Jadeed” that the government places the issue of salaries among its priorities, expecting the disbursement procedures to be completed before the end of the week, and pointing out the readiness of the Ministry of Finance to work during Friday and Saturday to complete the necessary administrative orders and expedite the arrival of entitlements and prevent any further delays.

2026 Budget Project

In parallel, the Finance Committee revealed that the government intends to send the draft general budget law to the House of Representatives during the month of October, with the parliament to begin discussing it as soon as it arrives, with the aim of approving it before the end of the year. This step aims to provide a more flexible financial framework to deal with fluctuations in oil prices, given the continued heavy reliance of the Iraqi economy on oil revenues to finance public spending and government projects.

Between temporary liquidity pressures, preparations for budget approval, and the move towards new legislative reforms, the next stage appears to be a test of the ability of financial institutions to turn promises into practical measures, since the success of resource management will not be measured only by the speed of salary disbursement, but also by the extent to which the state is able to build a more stable financial system that is less affected by fluctuations in oil revenues.

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HOW LONG CAN IRAQ RELY ON THE CENTRAL BANK’S RESERVES, MONEY-PRINTING SCHEME TO SURVIVE?

For four months, despite an 83 percent decrease in its revenue, Iraq has still been able to cover its monthly expenses; above all, seven trillion Iraqi dinars (about $5.3 billion) for wage earners, including the Kurdistan Region.

It is true that the delayed return of oil revenue through the national marketer’s mechanism, the State Organization for Marketing of Oil (SOMO), resolved some of the imbalance between revenue and spending during the ongoing war, but what has sustained the Iraqi government financially is the Central Bank of Iraq (CBI) by introducing 43 trillion dinars (about $32.6 billion). This was done by injecting newly printed money and reducing the reserves it had accumulated over two decades. 

According to data from the federal oil ministry and SOMO, the combined oil revenues of Iraq and the Kurdistan Region over the past two months still do not reach one-third of a single pre-war month’s revenue.

Data shared by SOMO show that in May and June 2026 (61 days), total revenue stood at $2.33 billion, whereas in just the 28 days of February, it was $6.8 billion. This is despite the fact that 17 to 24 percent of the revenue reported by SOMO goes to foreign companies operating in Iraq. In other words, over the past two months, Iraq had approximately 2.5 trillion dinars (about $1.9 billion) in oil revenue, but its monthly expenditure was seven times that amount.

Since the beginning of the Iran war in late February, the question that constantly arose was whether the Iraqi government would be unable to cover its expenses, particularly salary expenses, due to the decrease in oil exports and revenue, but now the government is distributing salaries for July 2026. How did this happen, and where did the money originate from?

While many questions linger, four stand out: 

1.How can Iraq sustain expenses where 90 percent goes toward operational costs and salaries without sufficient revenue? 

2.Why has the dinar appreciated against the US dollar despite increased liquidity injection? 

3.Can Iraq live off its foreign reserves, and for how long? 

4.To what extent can it continue printing dinar currency (from 50,000 to 250 dinar notes) for the market?

Expenditure amid appreciation

In the first half of this year, Iraq’s monthly expenditure roughly mirrored that of last year. Finance ministry data puts total expenditure for the first five months at 46.69 trillion dinars (about $35.35 billion), projected to reach approximately 55.56 trillion dinars (about $42.07 billion) over six months – on par with the 56.7 trillion dinars (about $42.92 billion) spent in the first half of last year.

In contrast, total revenue for the first six months of last year stood at 62 trillion dinars (about $46.94 billion) – 57 trillion oil (about $43.15 billion), five trillion non-oil (about $3.79 billion) – whereas in the first half of this year, it barely reached approximately 35.56 trillion dinars (about $26.92 billion) – roughly half of last year’s figure.

Iraq sustained these expenses by utilizing reserves, issuing new currency into circulation, cutting operational and investment spending, and attempting to recover billions of dinars and millions of dollars hidden in barrels, cans, walls, and pits – as seen in Operation Dawn and the case of Adnan Al-Jumaili, former deputy oil minister for refining affairs, who was awarded “Best Manager of the Year” by the former Iraqi prime minister and oil minister just last year. 

The answer to the second question – why the dinar has appreciated against the US dollar despite increased liquidity injection – is simple: the Iraqi dinar does not maintain a standard direct relationship with the US dollar, nor does Iraq’s currency market react rapidly to bank interest rates and market shifts like Turkey or Iran. Instead, the CBI directly sets and maintains the exchange rate.

By standard economic metrics, injecting excess dinars without backing from production and GDP growth should weaken the currency. However, as observed recently, the dinar’s value against the dollar appreciated rather than depreciated.

Statistics show that at the end of last year, total currency printed by the CBI was 99.79 trillion dinars (about$76.14 billion) – 92.56 trillion held in banks, 7.24 trillion outside. By May end, total printed currency reached 113.56 trillion dinars (about $86.66 billion) – 6.75 trillion in banks, 106.8 trillion in circulation outside. Over the first five months of this year, the CBI injected an extra 2.75 trillion dinars (about $2.1 billion) per month. Consequently, the exchange rate dropped from above 157,000 dinars to 149,500 dinars per $100.

Moreover, CBI figures through July 2 show that the US had not sent any cash dollars to Iraq this year, causing foreign cash reserves at the Bank to drop to $84 million before rebounding to over $500 million. By July 16, cash reserves stood at $319 million – meaning the US sent only a single shipment of $500 million in physical cash to Iraq up to mid-July 2026.

Ultimately, what moves the dollar-dinar market is big merchants and capitalists holding massive reserves of both currencies accumulated over the past two decades, rather than basic supply-and-demand laws or CBI monetary policy alone. 

Monetary expansion risks

Iraq’s foreign currency reserves have experienced major ups and downs over the past two decades, continuously rising and accumulating until late 2022. At the beginning of 2014, it reached 90 trillion dinars (about $68.49 billion), later dropping to 50 trillion (about $38.05 billion) due to the war on the Islamic State (ISIS), rising to 80 trillion (about $60.88 billion) before COVID, and dropping to 64 trillion (about $48.70 billion) during the COVID era.

At the beginning of 2023, it reached 150 trillion dinars (about $114.14 billion), and now (July 16, 2026) it has dropped to 102.5 trillion dinars (about $78 billion). 

Over the past six months or so, since late January through July 16, reserves have dropped by 29.4 trillion dinars (about $22.37 billion) – falling from 131.89 trillion (about $100.36 billion) to 102.5 trillion. If Iraq receives very low income, it can rely on its reserves for at most six more months. Reserves cannot be drawn down to zero; dropping below half of their current level signals national insolvency.

Furthermore, 29 trillion dinars (about $22.07 billion) of these reserves consist of gold – whose value keeps fluctuating with world market prices (losing 6.4 trillion dinars, or about $4.87 billion, in value this year) – while the rest is tied up in financial bonds, which have decreased by 20 trillion dinars (about $15.22 billion) since the start of the year as funds were drawn down.

The CBI’s financial system requires money printing to be backed by labor, production and services – areas where Iraq faces severe structural deficits. Over the past six months, the CBI expanded the currency supply by approximately 13.7 trillion dinars (about $10.43 billion).

The only dangerous consequence of printing money without domestic product (GDP) growth is rising inflation; on April 1 of last year the rate was 0.4 percent and on April 1 of this year it reached 4.7 percent, while last month it reached 3 percent.

If currency printing continues without output-backed revenue, inflation will enter double digits. Commodity price controls will collapse, pushing poverty, unemployment, and financial hardship higher while further undermining real GDP growth.

Iraq’s revenues and expenditures in the first half of this year were severely unbalanced. However, the CBI bailed out the government and prevented a liquidity crisis by injecting 43 trillion dinars (about $32.56 billion) into circulation – raising printed currency from 99.79 trillion (about $75.56 billion) to 113.56 trillion dinars (about $85.98 billion) while depleting reserves from 131.89 trillion (about $99.86 billion) to 102.5 trillion dinars (about $77.61 billion).

The budget deficit was covered by printing money and eroding reserves – not through structural reform, revenue diversification, operational cost cuts, productive sector activation, or recovering the trillions lost to corruption. 

Iraq can likely limp along to the end of this year, however, what it will do next year remains to be seen. 

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AL-YASSIRI: THE NEXT PHASE WILL WITNESS A QUALITATIVE SHIFT IN THE MANAGEMENT OF THE INVESTMENT PORTFOLIO.

The head of the National Investment Commission, Adel Dakhel Mohammed Al-Yassiri, began his duties as head of the commission on Sunday, stressing that the next stage will witness a qualitative shift in the mechanism for managing the investment file in Iraq. The commission stated in a statement received by Al-Maalomah Agency that “Al-Yasiri held a meeting immediately upon assuming his duties with senior staff and general managers, during which he reviewed the progress of work on existing investment projects and the challenges facing their implementation.”

He added that “investment represents a fundamental pillar in the state’s new strategic vision, as it is the main driver of economic development and diversification of income sources, noting that the government is working to create an attractive investment environment based on transparency, the rule of law, simplifying administrative procedures and reducing bureaucracy.”

(Mnt Goat: I find it funny to read this last paragraph because foreign investment has ALWAYS been the fundamental pillar in the state’s strategic vision. It is nothing new. I don’t know why they do this. They spark up hype for an issue that has been a long-standing issue. This investment money push has had article after article for it during the last 15 years. How many investment forums have they had? I only hope now they take it seriously and address the OTHER ISSUES HINDERING IT from coming to reality, like the Iranian threat and the corrupt people like Nouri al-Maliki in their government.)

He indicated that “the next phase will focus on launching major strategic and developmental projects that contribute to developing infrastructure and providing thousands of job opportunities for young people in various governorates, thus strengthening the goals of sustainable development and restoring Iraq to its position as a major investment destination in the region.” 

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WHY HAVE SMALL DENOMINATIONS DISAPPEARED FROM THE MARKETS? AL-ZAYDI’S ADVISOR REVEALS THE REASONS.

(Mnt Goat: Again they are NOT talking about the newer smaller denomination that we want as part of the Project to Delete the Zeros.)

The Prime Minister’s financial advisor, Mazhar Muhammad Salih, revealed on Wednesday the reasons for the scarcity of small denominations of currency in Iraqi markets, stressing that this is mainly related to their paper nature and the high speed of their circulation, which leads to their deterioration within a short period of time.

(Mnt Goat: Oh…. what happened to the hording issue he talked about not too long ago for a reason. He said it in a past article.)

Saleh told Shafaq News Agency that issuing currency in its various denominations is one of the core tasks of the Central Bank of Iraq, which is responsible for managing the currency and providing the necessary liquidity to meet the needs of economic activity and ensure the smooth flow of payments and the stability of cash transactions.

He explained that small denominations of currency represent the primary tool for conducting low-value daily transactions, which makes them the most commonly traded among citizens and markets, and therefore the most susceptible to wear and tear.

Saleh added that Iraq, unlike many countries that rely on coins for small denominations, still uses paper denominations, noting that the lifespan of these denominations does not exceed about one year according to international standards, due to the intensity of their use and their continuous transfer between hands, at a time when reliance on paper money remains high while electronic payment methods continue to grow.

He pointed out that the Central Bank has accurate indicators and statistics to measure the demand for different denominations of currency, and it is the first entity to sense the market’s need to issue or reprint any denomination, especially the small denominations, which are characterized by their rapid circulation compared to the large denominations, which tend to be more towards saving or hoarding.

The government advisor concluded his remarks by saying that “providing small denominations is not just about issuing currency, but also represents one of the indicators of efficient cash management, and contributes to ensuring the smooth flow of economic activity and the stability of the payments system,” stressing that “these denominations are continuously monitored by the Central Bank of Iraq.”

Iraqi markets are experiencing ongoing suffering due to the scarcity of small denominations of currency, such as 250 and 500 dinars, which puts citizens and shop owners in front of frequent difficulties in completing daily buying and selling transactions.

Sellers often resort to compensating for the shortage by giving alternative goods such as gum, tissues, or sweets instead of returning the change as in the markets, while others are forced to round up or down prices, which provokes consumer dissatisfaction.

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AL-ZAYDI AND ERDOGAN AGREE TO BEGIN IMPLEMENTING THE “DEVELOPMENT ROAD” AND TO ORGANIZE MEETINGS OF THE “WATER COMMITTEE”.

Iraqi Prime Minister Ali al-Zaidi and Turkish President Recep Tayyip Erdogan agreed on Tuesday evening to begin implementing the “Strategic Development Road” project and to continue regular meetings of the joint standing committee between the two countries concerned with the water issue.  

Al-Zaydi’s media office stated in a statement received by Shafaq News Agency that extensive joint talks took place between the two sides at the Presidential Complex in the Turkish capital, Ankara, which included initiating the implementation of the “Strategic Development Road” project, as well as files related to the oil, water, energy, security, trade, transportation and education sectors, and strengthening cooperation and developing projects between the two countries, in addition to agreeing on the regularity of meetings of the Standing Committee concerned with the water file.

According to the statement, Al-Zaydi expressed his thanks and appreciation to Erdogan and the Republic of Turkey for the warm welcome and hospitality, noting that Iraq and Turkey share geography and civilization, and that the Iraqi government seeks to establish an effective economic partnership in various economic and developmental fields.

The Prime Minister affirmed the government’s commitment to proceeding with the strategic development plan, which will be an important economic route for both countries, and reiterated the government’s desire for Turkish companies to participate in implementing investment projects in Iraq.

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AL-ZAYDI: “THE DEVELOPMENT ROUTE” TRANSFORMS IRAQ AND TURKEY INTO A LINK BETWEEN ASIA AND EUROPE

Prime Minister Ali al-Zaidi affirmed on Tuesday that the vital development road project transforms Iraq and Turkey into a link connecting Asia and Europe, while also calling for joint management of the water issue between the two countries.

In an article for the official Turkish news agency Anadolu, Al-Zaydi wrote that “during the past decades, the relationship between Iraq and Turkey was presented from the angle of files that need management: security, water, trade, and border movement,” indicating that the region “stands today before a different opportunity, which requires us to look to the future with a more ambitious eye.”  

He added that “Iraq has chosen the path of stability, reform and development, and has prioritized building a strong economy, an effective state, and balanced foreign relations that make regional cooperation a pillar of growth,” stressing that Turkey “possesses an advanced industrial base, a strategic location, and extensive experience in the fields of infrastructure, energy and transportation.”

Al-Zaydi said that “the potential of the two countries together is not just shared borders, but a wide space to build one of the most important economic partnerships in the region,” noting that “Iraq and Turkey have a historic opportunity to transform their geographical location into economic value, making them a link between the Gulf, Asia and Europe.”

He pointed out that “the development route is not just an Iraqi project, but a regional one that redefines the concept of economic connectivity in the Middle East,” explaining that “the development route not only shortens the time for transporting goods, but also creates new cities, industrial zones, investment opportunities, thousands of jobs, and gives the region a new economic artery that connects ports to global markets.”

In April 2024, Iraq, Turkey, the UAE and Qatar signed a four-way agreement for the Iraq Development Road project, under the auspices of former Prime Minister Mohammed Shia al-Sudani and Turkish President Recep Tayyip Erdogan.

The project, which includes a 1,200-kilometer road and railway within Iraq, aims to promote economic integration between East and West, increase international trade, and facilitate the movement of goods.

The project’s investment budget is approximately $17 billion, divided between $6.5 billion for the highway and $10.5 billion for the electric railway. It will be implemented in three phases, ending in 2028, 2033, and 2050.

The project is expected to provide around 100,000 job opportunities in the first phase and one million job opportunities upon completion, and will promote economic growth and regional and international cooperation.

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THE DEMOCRATIC PARTY: TEHRAN REJECTED BAGHDAD’S REQUEST TO ALLOW SHIPS CARRYING IRAQI OIL TO PASS THROUGH THE STRAIT OF HORMUZ.

A politician from the Kurdistan Democratic Party confirmed on Tuesday that Tehran rejected Baghdad request allowing ships loaded with Iraqi oil to pass through Strait of Hormuz.

Party member Wafaa Mohammed told Alsumaria News, that “Iran Iraq’s request to allow ships carrying Iraqi oil to pass through was rejected. Strait of Hormuz “Is this how you repay kindness?” he asked.

He added that Iraq It was the lifeblood of the Iranian economy and provided significant assistance to Iran during the sanctions. Iranian oil was sold using forged Iraqi documents, yet today we see no benefit from the Iranian side, which is currently insisting on Iraq paying $12 billion for Iranian gas at inflated prices.
He continued, “We mustn’t forget that Iraqi interests have been targeted repeatedly by Iranian drones and missiles in the Strait of Hormuz.”

(Mnt Goat: looks like the tide is turning on Iran from all directions. Now Iraq. The leaders of Iraq are finally speaking out against Iran. This is a VERY promising news for us. We need Iran out of Iraq.)

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AL-SHAMMARI CALLS ON AL-ZAYDI TO REVEAL THE NAMES OF THE “CORRUPTION KINGPINS” INVOLVED IN STEALING PUBLIC FUNDS.

On Tuesday, MP Mohammed Al-Shammari, from the parliamentary services bloc, called on Prime Minister Ali Al-Zidi to reveal the names of the “corruption kingpins” involved in looting and stealing public funds.

Al-Shammari told Al-Maalouma News Agency that “the Prime Minister must take bold and direct steps in the fight against corruption, by announcing the identities of the entities and individuals involved in major cases to the public.”

He added that “delaying the disclosure of these names gives corrupt individuals an opportunity to evade responsibility,” stressing the importance of “public accountability and the recovery of looted funds to support the national economy and enhance citizens’ confidence in the regulatory and executive system.”  

These statements coincide with escalating popular and political calls directed at the Prime Minister to expand the government’s anti-corruption campaign to include opening major cases and removing corrupt figures in order to end the chronic crisis plaguing the country.

(Mnt Goat: looks like the tide is turning on Iran from all directions now the corruption clean up has begun. Can they keep it going or is it just a temporary show for the U.S. and Trump? Now Iraq. The leaders of Iraq are finally taking action not just words against the corrupt in Iraq. When will they go after Maliki and his gang of thugs?)

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CONGRESS COMMENTS ON THE BOMBING OF THE POPULAR MOBILIZATION FORCES: WE FUND THE IRAQI GOVERNMENT AND IT PAYS SALARIES TO THE MILITIAS.

US Congressman Senator Joe Wilson commented on Wednesday (July 29, 2026) on the US-Saudi bombing of Popular Mobilization Forces (PMF) headquarters inside Iraq, saying that the support provided by the United States to the Iraqi government, which pays salaries to the PMF, must stop, especially after US forces were subjected to attacks by Iraqi militias supported by Iran, in an indication of the PMF’s involvement.

He also praised the inclusion of a clause in the National Defense Authorization Act in the US Congress to cut off funding to Iraq unless the government “disarms all Iranian-backed militias.” 

(Mnt Goat: WOW! WOW! WOW! for this last paragraph statement.)

The National Defense Authorization Act, passed by Congress on June 22, is awaiting approval from the US Senate. Then, the House of Representatives and the Senate must reach a unified and consolidated version of the law, and finally, it must be signed by US President Donald Trump for implementation.

Wilson stated in a blog post, which was followed by 964 Network , that “the United States provides funding to the Iraqi government, which pays the salaries of the Popular Mobilization Forces, while Iranian-backed militias launch attacks on American forces, and this must stop.”

He continued: “I am grateful that the National Defense Authorization Act (NDAA) in the House of Representatives included the provision I proposed to cut off funding to Iraq unless the government disarms, demobilizes, and reintegrates all Iranian-backed militias.”

This comes after the US Central Command announced, at dawn on Wednesday (July 29, 2026), that it had carried out joint airstrikes with the Saudi armed forces against sites of “Iranian-backed militias” across various areas in eastern Iraq, saying that this was in response to more than 30 drone attacks that struck Saudi Arabia during the past 72 hours.

(Mnt Goat:; Don’t you find it hypocritical how Iran can tell every other country they can provides air space or bases for the US operations against them however they are using in Iraq, Iranian occupied bases with militias to conduct attacks on other countries surrounding Iraq.  Simply put I have been saying this all along. Why does Iran get a pass and the U.S. is always subject to all the criticism? Now we are seeing the tide turn, finally and Iran is being pushed out of Iraq and the truth is coming out thanks to U.S. Wilson.)

Riyadh then confirmed the US military statement shortly afterward, announcing its participation in the attacks inside Iraq, stressing that it “does not want escalation.” Amid this, media outlets circulated images of bombings of camps said to belong to the factions on the borders of Iran and Basra, as well as several cities in Wasit, Karbala and Nineveh.

This is the first admission of Saudi participation in striking Iraq since the Second Gulf War in 1991, when it participated in the international coalition to expel Saddam Hussein from Kuwait. Riyadh has been known for its high level of restraint, and it is believed that its announcement of participation in the attack will have significant repercussions, especially with the expectation of a visit by Prime Minister Ali al-Zaidi to Saudi Arabia very soon.

The Saudi Ministry of Defense announced that its forces, in coordination with the US Central Command, carried out targeted strikes against “militia” targets linked to attacks on oil facilities in the Eastern Province and Riyadh.Saudi Arabia has confirmed that it is not seeking escalation, but will respond to any aggression it faces.

Eyewitnesses told Network 964 that the strikes targeted sites in four Iraqi provinces: Karbala, Basra, Nineveh, and Wasit, in the first direct Saudi strike inside Iraq since the Iraq War under Saddam Hussein.

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WASHINGTON BEGINS WITHDRAWING ITS LAST TROOPS FROM IRAQ AND KURDISTAN, ENDING ITS MILITARY PRESENCE.

A report published by Al-Monitor on Saturday (August 1, 2026) revealed that the US military has begun implementing the final phase of its military withdrawal from Iraq by withdrawing its last remaining forces in the Kurdistan Region, along with air defense systems and related military equipment, in a move that represents the conclusion of the plan to end the US military presence in the country.

The report, which was followed up by “Baghdad Today”, stated that the withdrawal includes forces stationed in bases within the Kurdistan Region, which represented the last American military presence after the completion of the evacuation of bases located within the areas under the control of the Iraqi federal government at the beginning of this year.

In September 2024, Baghdad and Washington announced an understanding to end the mission of the international coalition in Iraq and move to a bilateral security relationship, with Iraqi forces taking full control of the Ain al-Asad base in Anbar after the withdrawal of US forces from it. The Iraqi Ministry of Defense also announced the completion of the evacuation of bases located within federal areas.

(Mnt Goat: By the way we were just told less than a month ago about this deal to end the coalition mission inside Iraq. So, this deal was made 2 years ago? Just do you know.)

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AGREEMENT TO OPEN A NATO MISSION OFFICE IN BAGHDAD

National Security Advisor Qasim al-Aboudi and the commander of the NATO mission in Iraq, Lieutenant General Ramon Armada, agreed on Sunday to open a NATO mission office in Baghdad.

The media office of the National Security Advisor said in a statement received by Al-Mirbad that “National Security Advisor, Qasim Al-Aboudi, received today, Sunday, a call via closed-circuit television from the commander of the NATO mission in Iraq, Lieutenant General Ramon Armada.”

He added that “during the call, ways to reduce escalation were discussed, and the need to reach solutions to the recurring crises in the region was emphasized through dialogue and diplomatic channels. Ways to continue NATO’s support for the Iraqi armed forces in the areas of consultation, training, and exchange of information and expertise were also discussed.”

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“I WILL LEAVE IF I REMAIN SHACKLED”… AL-ZAYDI’S RESIGNATION SHAKES THE COORDINATION FRAMEWORK, AND THE WEAPONS ISSUE IGNITES THE CONFRONTATION.

(Mnt Goat: This is a love / Hate article. You have  to love al-Zaidi is what he is trying to do but at the same time  if he resigns that creates a mess for us and any real progress soon. You need to read the article below to see why he is feeling this way. Who is pressuring him to act a certain way? Does he have the power he wants and needs to make the significant changes that need to happen?)

In a remarkable political development, sources within the coordination framework, as reported by Al-Araby TV and followed by Al-Mustaqilla, revealed an escalating, undeclared crisis between Iraqi Prime Minister Ali Faleh al-Zaidi and the political forces supporting his government, reaching the point of hinting at the option of resignation.

(Mnt Goat: Oh….. could it be al-Zaidi is ruffling some proverbial feathers in his fight against corruption in Iraq? Finally someone willing to stick his head out and risk it. We see this too in the U.S. as many democrat politicians hate Trump for what he is doing to clean up their corruption in politics in the U.S. Yes many parallels to the U.S. between these two countries.)

According to the sources, Al-Zaydi expressed his dissatisfaction with the lack of response to his vision on a number of crucial issues, stressing that the continued obstruction of his government’s decisions may push him to take a decisive political stance.

These developments put the Al-Zaidi government in front of one of its most difficult crises since its formation, as the dispute is no longer about administrative details or differences in viewpoints, but rather about the nature of the security and sovereign decision and who has the final say in state matters.

1.The weapons issue: the flashpoint between al-Zaydi and the factions

According to the information circulating, the issue of restricting weapons to the state has become one of the most prominent causes of tension, after some factions did not respond to the Prime Minister’s directives regarding reorganizing the status of weapons and armed forces under the official state framework.

Observers believe that this issue represents the biggest test for al-Zaydi, as any attempt to redefine the relationship between the state and the factions will clash with complex political and security balances that have formed over the past years.

2.The unity government faces a moment of truth

The current escalation points to a deeper crisis within the Iraqi political equation, where the Prime Minister finds himself facing a difficult dilemma: either to proceed with implementing his program and strengthening the powers of the state, or to confront the pressures of the forces that contributed to his coming to power.

The al-Zaidi crisis raises a major question about the ability of Iraqi governments to make independent decisions on sovereign matters, especially when those decisions conflict with the interests of influential forces within the political and security landscape.

(Mnt Goat: but these same Iranian backed political leaders will always come and talk about protecting Iraq sovereignty when it comes to U.S. interference yet they and their policies are the ones threatening it’s sovereignty the most.)

3. A political resignation or a warning message?

Politicians believe that al-Zaydi’s threat to resign may be a pressure tactic to rearrange the rules of the relationship with his partners, but at the same time it reveals the extent of the tension within the coalition that leads the government.

If the crisis turns into an open confrontation, Iraq may be facing a new phase of political conflict, the title of which is: Who has the final say… the government or the forces behind it?  The coming days will be crucial in determining whether al-Zaidi’s threat is merely a bargaining chip, or the beginning of a political crisis that could redraw the map of power in Baghdad.

(Mnt Goat: I just want emphasize we may end up with yet more political turbulence in the near future inside Iraq as this plays out. Let’s remember this article and what it just told us.)

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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

aa

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 28, 2026 Mnt Goat News Brief

Guten Tag everyone:

Today’s news is all very good as Iraq made commitments to Washington that, if completed, we will finally see what we all have desired as investors in the Iraqi dinar.

GIVE A GIFT TO MNT GOAT

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

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

 Let’s all try to chip in!

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1 John 3:17

“But if anyone has the world’s goods and sees his brother in need, yet closes his heart against him, how does God’s love abide in him?”

STATUS OF THE RV

Today I have some VERY interesting information for my readers concerning the Project to Delete the Zeros. At the heart of this information, is a most recent article. I have to use the term ‘intent’ to describe it best. The article is titled “ECONOMIC EXPERT: IRAQI GOVERNMENT STUDYING CURRENCY CHANGE PROPOSAL TO BOOST LIQUIDITY AND STRENGTHEN THE DINAR”

So, first I have to ask why now, why NOW this article? What is the intent?

“Economic expert Haider al-Sheikh Speaking to Channel8 said Prime Minister Ali Faleh al-Zaidi’s recent visit to the United States produced several economic outcomes, one of which was a proposal to overhaul Iraq’s currency as part of efforts to improve financial liquidity.”

Yes, to get these stashes of currency from the homes into the banks, to liquify them with money that they can then loan out to customers. In many past articles from the CBI they talked about these stashes of cash and how they amounted to nearly 80-90% of the monetary mass. WOW! Then in one of my Newsletters, I took a deeper dive into this issue and presented you many plans by the CBI already implemented in an attempt to bring large amounts of cash held outside the banking system back into circulation. Apparently very few of them were successful. Could this plan accomplish all the needed goals?

“Al-Sheikh plan talked about in this article is also linked the proposal to al-Zaidi’s anti-corruption “Dawn Campaign,” which has already led to the arrest of more than 40 suspects and the discovery of large quantities of cash allegedly hidden in private properties.”

So, now we have economic expert Haider al-Sheikh giving us yet more suggestions to to overhaul Iraq’s currency as part of efforts to improve financial liquidity.  

According to al-Sheikh, the proposal currently being studied includes two possible approaches.

1.The first would introduce a redesigned Iraqi currency with new banknote designs across existing denominations. Okay, so nothing new as this is also in Dr Shabibi’s plan of 2011 to issue almost all new lower denomination notes leaving only the 250, 500 and 1,000 in circulation. But wait a second. In practice you can’t do this if you only delete one zero from the notes. It no longer becomes a simply redenomination and can get complicated as you can see in my chart below.

2.The second would remove one zero from the currency as part of a redenomination process. He stressed that the proposal does not involve printing larger denominations, such as IQD 50,000 or IQD 100,000 banknotes, but instead focuses on replacing the existing currency. I do not see why he even mentioned this issue of these larger notes if he didn’t plan to use many of the existing three zero notes and issue newer notes just taking off one zero. Is this the new currency he suggests. I am showing you in the chart below what I believe these new notes would look like along with the derivation from the existing three zero notes.

3.Under his proposal, authorities would establish a limited period during which citizens could exchange existing banknotes for the new currency through government banks. Okay, so nothing new as this is also in Dr Shabibi’s plan of 2011.

4.He said unusually large exchanges would be subject to scrutiny, allowing authorities to investigate the source of the funds and identify assets linked to corruption.

Okay, so again nothing new as this is also in Dr Shabibi’s plan of 2011

Al-Sheikh said changing the currency could help increase government liquidity, stabilize the exchange market, and strengthen the Iraqi dinar against the U.S. dollar. I do not agree with him as we can see in the chart below the dinar would get a massive boost in purchasing power and this would be subject to inflationary pressures, something the CBI has always cautioned about.

I quote from the article – “Al-Sheikh noted that a separate proposal to adjust Iraq’s official exchange rate had been discussed under former Prime Minister Mohammed Shia al-Sudani, including the possibility of setting the rate at IQD 140,000 per $100. He said that proposal is no longer being pursued, and the current government’s focus has shifted toward changing the currency itself rather than altering the exchange rate.”  

So, this is describing only an adjustment to the program rate, something the CBI has done back and forth over the years according to the effects of the parallel market not the official CBI rate. I don’t believe this is really what al-Sudani said in his speeches. If I recall his speeches under al-Sudani plan he specifically told us that the dinar would be greater than the dollar. This did not sound like what al-Sheikh is now telling us. So this statement is inaccurate.

I want to note that according to al-Sheikh, “this currency proposal remains under study and will be reviewed by the Ministerial Council for the Economy, the Ministry of Finance, the Central Bank of Iraq, and a joint consultative committee before being submitted to the Council of Ministers and later to Parliament if approved. He estimated that, if adopted, implementation could take approximately five to six months.”

Well, well, well that 5-6 months brings us to January 2027 doesn’t it, coincidental? Again we see the same target for a revaluation at the beginning of the fiscal year. These little tidbits are important to pick up on.

He emphasized that the proposal remains under government review and has not yet been formally approved.

I want to conclude that now we know of a plan to redenominate and why now. Let’s concentrate more on the intent than the plan as I do not believe his plan, as it stands, will be approved anyhow. However, the plan also did not mention moving back to FOREX and allowing the dinar to float on the global currency exchanges again. Does this plan include this future for the dinar too? Why did he not mention this part?

As readers of this proposal we must NOT go off halfcocked and maybe even disappointed in only deleting one zero and not all three, which we truly want. Again this effect is only for an in-country rate no matter how high it is. What we want is the FOREX revaluation.

Again, let me mention this is just another proposal, a plan by an economist. It is not coming from the CBI.

I also want to mention that within this article it mentions and I quote – “this currency proposal remains under study and will be reviewed by the Ministerial Council for the Economy, the Ministry of Finance, the Central Bank of Iraq, and a joint consultative committee before being submitted to the Council of Ministers and later to Parliament if approved”

Yes, this certainly does not sound to me the CBI can just RV anytime they desire, like many of these ridiculous intel gurus are telling you. So why do they persist in their nonsense? They persist because they do not actually study the dinar, do they?  So we learned once again that instead it is a joint decision to revalue or make changes to the currency and they are telling us the path as to how it must be approved.

My summary of this article is that at least the author is asking the GOI and the CBI to take a serious look at the deletion of the zeros again. But it also sounds to me like they are already doing this and is why he is even submitting his plan in the first place.

Below is a chart I composed of what the notes might look like under Al-Sheikh’s plan as he does not tell us. I am comparing his plan to Dr Shabibi’s plan of deleting three zeros. Please take a hard look at the chart.

So, once you look at the chart above, you can see that Al-Sheikh’s plan would increase the purchasing power of the dinar by a lot. But would still need some sort of significant revaluation since it would still not meet our needs as investors. I will explain this last statement better. Read on.

Let’s analyze the chart further and you can then clearly see that if you wanted to meet Dr Shabibi’s plan for the initial in-country swap of larger notes with the newer smaller denominations you must have the LEAST impact on inflation, you certainly would choose deleting three zeros over Al-Sheikh’s plan of deleting only one zero.   

I also want to point out that with Al-Sheikh’s plan he does not specify what lower denominations, if any, would be printed to meet his redenomination effort, so we must assume he is going to utilize as many of the existing notes as possible now in circulation.  

He does not specify how much of a revaluation, if any even. I quote from his article – “He said that proposal is no longer being pursued, and the current government’s focus has shifted toward changing the currency itself rather than altering the exchange rate.”

Again, the emphasis as with deleting the 3 zeros is as it would be with deleting 1 zero would not focus on a revaluation. The revaluation would come as a matter of course.  

SUMMARY:

We can see as far investors go, that Al-Sheikh’s plan does give significant increases across the denominations much more than the Dr Shabibi’s plan. This could also be detrimental to causing inflation when at a time the deleting of any zeros is only transitory meaning it is just a temporary in-country change, a precursor to the FOREX change that comes or should come next. Al-Sheikh’s plan does not mention this next step and so what notes would be left behind after his plan is executed? These notes are  not the notes the IMF wants to be in circulation as the final stage. The CBI has already told us what this set of notes would be and they do not match the Al-Sheikh’s plan.

According to DR Shabibi any plan to delete the zeros should do four things:

1. Help swap out the three zero notes back to the lower denominations (the first stage in finally ‘normalizing’ the dinar prior to 2003
2. Collect the stashes of currency be horded and get it into the banks
3. Not cause for a revalued change in the CBI rate directly
4. Not cause inflation

So we can clearly see something is brewing and I don’t think its going to be only one zero deleted. I firmly believe it they do anything it will be all three zeros and then move to FOREX, pending no high inflation as a result of the changes. They will stick to the Dr Shabibi plan. This is what they actually talked about during Al-Zaidi’s visit to Washington not Al-Sheikh’s plan.

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So, now we have yet another article proving to you that the U.S. has to approve any significant RV of the Iraqi dinar. There is no denying this again. Take a peek at the article titled “THE DOLLAR’S JOURNEY FROM “MANHATTAN” TO “AL-RASHID”: A READING INTO THE SECRETS OF MONETARY DEPENDENCE AND THE FUTURE OF “IRAQ 2”

In the article and I quote – “Iraq is a major economic paradox; while it sits atop the world’s fourth-largest oil reserves, it finds itself shackled by a series of monetary crises that raise a pressing sovereign question: Why are our wealth deposited in the US Federal Reserve Bank of New York instead of our national treasuries? And why does every Iraqi dollar pass through US scrutiny before finding its way to Baghdad?”

So, after reading this paragraph and poking around the entire article in the Articles Section for yourself, do you really think the U.S. is not going to have a significant say if the dinar goes back in the global currency exchanges i.e. FOREX? Can it even go back unless the US Treasury releases all these funds back to Iraq into their own national treasuries? I believe some sort of arrangement will be made in accommodate both angles. They can get creative. Let’s watch and see how they do this.

As a side note. To answer this question, we must realize why this process of holding oil revenues by the U.S. still exists in the first place. We have to go back to the Iranian backed politicians, militias and factions based in Iraq.

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UPDATE: About disarming the Factions inside Iraq

Some factions have already handed over their weapons, while others are waiting for a timetable to decide their position. However, the scene does not appear to be in such harmony. The US and Iraq agreed on a timetable of September 30^th to complete this task. On July 10, the “Islamic Resistance” and Hezbollah Brigades surprised everyone with fiery statements declaring that their weapons are “a doctrine and a covenant, not a bargaining chip,” and renewing their allegiance to the new Supreme Leader in Tehran. Why are these factions holding back?

Another article in today’s news may give us the answer to this question as to why they are holding back in giving up their weapons. It is titled “AL-ABOUDI: THREE FACTIONS HAVE BEGUN HANDING OVER THEIR WEAPONS TO THE STATE, AND TALKS ARE UNDERWAY WITH WASHINGTON AND TEHRAN TO SUPPORT THE MONOPOLY OF ARMS” gives us the reason why some of the factions were reluctant to give up their arms.

I quote from the article – “stressing that the government held talks with the United States and Iran to support this path, while announcing that three factions have begun procedures to hand over their weapons to official institutions.”

“He explained that the issue of restricting weapons to the state requires dialogue with the various concerned parties, noting that some factions were linking their continued possession of weapons to the presence of American forces, and that an understanding regarding the end of their presence removes one of the justifications that were being put forward in this context.”

I don’t want to bore anyone with this effort to disarm the factions but I thought it would be good to learn what is going on and to add that many of you thought this was going to take years not months. So we need to relax and just let it all play out. There is not anything we can do about it, other than listen. When a timeline arises for the RV we will know because my contact in the CBI will be on top of it.

Here is more information to the important of disarming the factions. It is titled “AL-ZAIDI TRAVELS TO TEHRAN SEEKING (removal of ) EIGHT BALLISTIC MISSILES BELONGING TO THE FACTIONS… AND TRUMP IS WATCHING.”

I look at these past visits as reporting in to Iran. Iran must then agree to whatever Iraq and US agreed to accomplish or else it does not get done. Have you noticed this too especially under the 8 years of Nouri al-Maliki. Let’s hope this trip to Iran is different not the same. But we can already see the meeting of commander Qaani with the factions is different. It is really all about disarming the factions inside Iraq.

In a true test of his promises to US President Donald Trump and his return to the country yesterday, Prime Minister Ali al-Zaidi is preparing to visit Tehran on July 23, a trip reminiscent of his predecessors’ (as Tehran has traditionally been the next stop for any prime minister after Washington). According to Al-Mada newspaper, information indicates that al-Zaidi will ask the Iranian side to exert pressure on armed factions (groups outside state control that refuse to disarm) to release what is known as the “ballistic missile card” and hand over the hidden missiles (estimated at about 8 ballistic missiles and hundreds of drones) before September 30, the deadline set by the government to resolve the issue of uncontrolled weapons.

Here is yet more news on disarming the factions. It is titled “QAANI CANCELS THE “RESISTANCE COORDINATION” AND REDRAWS THE MAP OF FACTIONS IN IRAQ.”

 Do you remember who Qaani is?

Iraqi security sources revealed what they described as “important” organizational changes within the armed factions loyal to Iran, represented by the directive of the commander of the Quds Force in the Iranian Revolutionary Guard, Ismail Qaani, to cancel what is known as the “Coordination of Resistance in Iraq,” according to the “Eram News ” website.

The website stated in a report seen by Al-Sa’a Network, quoting sources, that “the changes stipulate that the factions move to a stage in which they operate independently, in response to the security and political changes that Iraq is witnessing, coinciding with the approaching end of the mission of the international coalition forces .”

In other words the coalition forces are set to leave by September 30^th therefore Qaani is telling them to gauge your disarming when they leave. This sound sensible to me.

There are some other goodies in this article about disarming and how they intend to do it, if you wish to go read it. My point is that it is happening now and will conclude by September 30, 2026 to coincide with the coalition security forces leaving Iraq. But what will the news status of forces agreement between Iraq and the US look like? Al-Zaidi already told the US he wanted a new agreement but did not yet give specifics. I think he is waiting for Iran to leave Iraq.

I have a sneaky suspicion that Al-Zaidi agrees totally with Trump on the aspects of not having these armed militia and factions inside Iraq, at least for the sake of getting US investors.

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UPDATE: Iraq / US partnership in the middle east

I need everyone to shake the cobwebs off your brain and remember once again what I have been telling you concerning the President Trump administration’s plan to turn the middle east around to a peaceful place. In the article titled “AN AMERICAN PLOY TO IMPLEMENT THE NEW MIDDLE EAST PROJECT… WILL IRAQ SWALLOW THE BAIT?”

But we don’t really need this article do we? We can already begin to see serious groundwork being laid for this reality to happen.  

This article today, I feel, is significant because it is telling us without any reservations that Iraq is part of the bigger plan and will be a direct player in this Trump plan. But Trump will also need the cooperation of the Iraq officials to be successful. Folks we can already see the RV taking shape with Al-Sheikh’s plan and the intent behind it. The proverbial cat is out of the bag now just like my CBI contact told me they would begin a campaign once again to educate the citizens of the process to swap out their currency to a new set. It is coming. It is still July and we can expect this to gear up more and more as we approach December. Trump will need the IQD back on FOREX for his plan. Get it?

So, remember Iraq needs SECURITY and STABILITY. This article today goes hand in hand with addressing both of these issues.

This quote is loaded – “The recent security changes at the level of military and security leadership have raised many questions about the nature and timing of these measures, and whether they fall within the context of normal administrative rotation of security positions, or whether they came in response to external directives and pressures aimed at finding alternatives capable of implementing agendas that are consistent with the American vision in the region.”

“the discussion is focused on what are said to be moves backed by American pressure to make changes affecting the Chief of Staff of the Popular Mobilization Forces, Abdul Aziz al-Muhammadawi, and the Chief of Staff of the Army, Lieutenant General Abdul Amir Rashid Yarallah, within the framework of efforts believed to be aimed at removing any obstacles to the new American project in the Middle East”  

Oh boy, Oh Boy this next paragraph in the article really says it all. It needs no explanation from me. I quote – “Observers believe that the United States is moving rapidly to create the necessary conditions for launching its new project in the Middle East, placing Iraq at the forefront of its priorities, given its strategic geographical location and its vast wealth and economic potential, as well as its efforts to tighten the noose and increase the siege on the Islamic Republic of Iran.”

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Okay so here is yet another article addressing the economic partnership with the US and Iraq. It is titled “AL-ZAIDI REVEALS THE “ADVICE” HE GAVE TO TRUMP: WE DON’T WANT IRAQ TO BE A FAILED STATE”.

“Prime Minister Ali al-Zubaidi affirmed on Wednesday that his government rejects Iraq becoming a “failed state,” stressing the need to continue fighting corruption and bear “all the consequences,” while revealing that he advised US President Donald Trump against launching a military strike against Iran.”  

“He added that a military presence does not create ties between peoples, and that economic engagement is the guarantor of building those relationships, noting that Iraq is looking for an investment partnership with the United States that extends for 30 years instead of a military presence.”

Oh…. so here is yet more news of this desire to be partners with the US in economic development. It is titled “IRAQ IS PREPARING TO TRANSLATE THE OUTCOMES OF THE WASHINGTON TALKS INTO DEVELOPMENT PROJECTS.”

“Iraq and the United States of America launched an economic partnership that represented a highly important strategic transitional phase, especially after the two countries signed 48 agreements and memoranda of understanding worth more than $60 billion, aimed at expanding the prospects of cooperation in the energy, oil, electricity, industry, technology and financial sectors, a step that specialists considered necessary to achieve developmental leaps in various economic sectors.”

Remember this article says have already launched not something to kick the can down the road. The partnership is made. Like planting a seed, now we just need it to grow.

Here is yet more news from the speaker of Parliament. It is titled “AL-HALBOUSI RECEIVES THE US CHARGÉ D’AFFAIRES AND EMPHASIZES THE IMPORTANCE OF THE ECONOMIC PARTNERSHIP WITH WASHINGTON.”

The head of the Progress Party, Mohammed al-Halbousi, discussed today, Sunday (July 26, 2026), with the US Chargé d’Affaires, Joshua Harris, the political developments and the economic partnership, and explained that the meeting addressed the results of the Prime Minister’s visit to Washington and the regional and international challenges.

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One more item to cover today. It concerns the non-oil revenues. The article is titled “IRAQ: NON-OIL REVENUES HIT RECORD HIGH”.

We were told in recent past articles that the GOI and CBI have a goal of 45-55% of non-oil revenues. Seems they already reached 16%. Does Iraq have to reach this goal prior to any RV. I am being told it would certainly help but it is not the main cause of holding back the reinstatement. My contact told me it mostly about the militias, factions and getting the Oil and Gas Law in place.  

The Eco Iraq Observatory announced on Saturday that the contribution of non-oil revenues to Iraq’s total financial revenues has risen to 16%, the highest percentage recorded so far.

The observatory said in a statement received by Al-Sa’a that “this is the first time that the percentage of non-oil revenues has risen to 16% during the months of May and June, after it had remained for years not exceeding 5%.” The observatory explained that “non-oil revenues include commodity taxes and production fees, general fees, taxes on income and wealth, transfer revenues, as well as other revenues.”

He pointed out that “the revenues of the Kurdistan Region represent about 5.5% of the total non-oil revenues, through the funds that the region delivers to the federal government.”

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SUMMARY

There is no bad news today. All the news is pointing in one direction, aimed at the end of the year. They even told us this year will be different for the budget and they are using a new method of budgeting and the 2027 budget will be ready by Oct 1^st and hopes to pass by December. I still say this will be a miracle if they can do and I will believe it when I see it. But my point today is they always push for a target with a series of issues to resolve. However, they are always too slow and stagnant. I believe this was caused by the Iranian influence to keep Iraq stagnant. Iran does not need a fruitful country only a controlled and corrupt country to keep as their proxy state. Why? To fund the Iranian factions around the globe and to fund the development of their military. Yes, sad but true. Now that maybe we are seeing an end to all this nonsense with Iran can we finally see some major progress?  The real key to Iraq as far as Washington is concerned is the disarmament of the factions inside Iraq. I believe that post September 30^th we will see Iraq just take off.

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Let’s keep our prayers alive. There is a deep spiritual dimension at work today bringing about this reset. I believe we are closer than ever for the dinar to get reinstated. But first things first. Part of the mess in the US must be cleaned up too. Then certain laws in Iraq must be passed. Certainly, reviving the economy to at least 45%-50% non-oil revenues could make a huge difference for Iraq and the IMF. Let’s also let the Abraham Accords take effect as more Arab countries join in. By now everyone should be fully aware of these events that caused delays in the currency reform process. This is not rocket science to understand. We are not in control over these obstacles. We need to STOP spreading rumors and over speculating.

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

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

                                             Just the FACTS!

                                         

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

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

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

Prophetic Words from the prophets:  Julie Green

God is sending yet more prophecies on the elections in today’s word.

“OBAMA IS STILL FIGHTING TO TAKE BACK THIS NATION”

 Go to the 12:14 mark. From July 17^th.    

I find it pathetic how the democrats accused Trump in 2020 that if he lost the election (which they knew they were rigging) that he would not leave the office of the presidency. Now in this prophecy we learn that God is telling us the Obama, using an actor in Biden’s place did exactly that. He wanted a third term and got it working behind the scenes. I am going to tell you a story today, most may already know it. I need everyone to listen carefully to what I am about to tell you.

They tried to rig the 2024 election too like in 2020 but with the candidates the democrats allowed to run against Trump it would be way to obvious that the elections were rigged again. Get it? Do actually believe that Harris and Waltz team could legitimately win an election without massive voting fraud?

This is also why in the 2020 election, even though the vice president Joe Biden died before the election, the democrats had to salvage the election somehow. They had to put someone in, as an actor, a look alike, to take his place. They had no other alternative since no other viable candidate other than Joe was available. Remember it was the actor, not the real Joe Biden, that picked Kamala Harris as his VP.

The body double was easy to fool the American population since no one really paid much attention to the real Joe as VP anyway. The only time they began paying attention to his figure was when he was nominated by the DNC for president. By then the real Joe was already dead so they actually nominated the actor, the fake Joe Biden. It was this fake Joe Biden, the actor, that took the oath of office in January 2021 too and served four years in the Whitehouse with the former Obama secretly dictating policy to him. All the fake Joe had to do is stay alive and make a few speeches every now and then when he was not bathing in the sun on the beach in Delaware, eating ice cream or in his office in the basement. He even took the dead Joe’s wife, Jill as his first lady. How about that?

If you take the time to look at real pictures of the actor as Biden in the early months of his presidency (Not AI generated) you can see many discrepancies in his face and body language movements. These were then compared to the real Joe before his death. Yes, just months later these pictures were all over the internet. This was a challenge to Obama then to cover up these changes. Quickly they changed how he parted his hair and his ear lobes where surgically changed. The they worked on his face a bit. But you can change the voice and mannerism. Go back to old film clips of the real Joe and watch. Then compare to the film clips of the actor Biden during his campaign and very early presidency. The differences stand right out. You don’t age that much in a year, sorry!

There is solid evidence that everything I just said is the TRUTH and so why has this not yet come out in the open? The fact is it has but the news media will not publish it or talk about it. It is being covered up.

The Problem:

The mental cognitive ability of the actor Joe Biden began to decline ever before he took the office as president. This only continued and worsened as pressures from the office and age took its toll on him. Did you ever wonder why he always tried to convince the public that he was still vibrant and athletic like when he tried to ride his bike and fell, or when he used to do those running sprints or how he would fall often or trip. What about the stories of his youth that he mostly messed up since he couldn’t even remember the stuff they briefed him on about the real Joe Biden. Did you notice too that most of his later speeches were told in dark surroundings as to prevent as much exposure as possible.  

So the former president Obama is still trying to recover from the disastrous days of the actor Biden. It was all a mess and they are still paying the price for the coupe on the presidency. Should Obama and everyone else who was knowingly involved be tried for TREASON? Is it time for justice? Can we finally get justice on this episode of American corruption and ensure it never happens again?

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“The Entire Establishment Will Be Gutted”

Go to 11:10 mark for prophecy. From July 11^th.  

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“You Will See A Complete RED Wave For The 2026 Midterms ”

Go to 12:54 mark for prophecy. From July 19th.  “Get Prepared Something Big Is Coming”

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.  

HAVE WE HAD SECUREST ELECTIONS IN THE U.S. HISTORY?

After auditing only four states by DHS, 278,000 non-citizens were discovered to be registered to vote. Remember that the US Constitution clearly says that only US citizens have the privilege to vote in the elections. This is also just common sense. On this premise alone, how can anyone possibly state that the 2020 election was “the most secure election ever” without even digging into the FACTS of how the voting process worked, the scandals exposed and by looking at the voter rolls.

THE STATE OF NEW JERSEY CONFESSES TO VOTER FRAUD

WOW! WOW! WOW! It finally comes out after years of denial by the democrats. What the heck do you think President Trump has been talking about? Yes, in Georgia they even tried to indite people for crimes for trying to expose their voter fraud. Remember what they did to Rudy Guilliano and many others? Since when is it a crime to expose crime?

So, here we have the confessions of voter fraud in the state of New Jersey. What about Arisona, Penn, Wisconsin, ect.. New Jeresy is one of the states, of many, who refused to let the federal govt review their voter roles. Gee Whiz… I wonder why… Now we see an admission of blatant corruption in the last election. But there is much more to be exposed too. It is all coming to roost….. lol…. PASS THE SAVE AMERICA ACT NOW!

Oh…but they say its only 400 fraudulent voters in NJ? Well… I have to tell you it may be even a little for each state, and it all adds up to making someone lose or win an election. Get it? Do you really get my point here today?

I want to add one more note here today. Didn’t I say the federal govt should have come in an audited each state, state by state prior to the 2020 elections. This is now being done, late but being done. This along with the Save America Act could have saved so much from going in the hole that the Trump now has to overcome to climb out of that Biden created. Yes, Obama wanted a third term and thought he could finally end the United States as we now know it with a third term. But its now working out that way and you know why? It because of people like you and me who have awakened to what is going on. Let’s end this democrat party push for Socialist Communist once and for all in the midterms.

HOW MAMDANI IS LEADING DEMOCRATS STRAIGHT OFF A CLIFF….

Only many of the democrats are too dumb to realize what the final outcome of Mamdani is going to be for their party. Later, they will regret ever supporting him or at the least not speaking out about him. They are still hopeful someone, anyone, can pull them through these next two elections. It is not looking very good for the democrats.

TRUMPS TELEVISED THURSDAY SPEECH: RECENTLY DECLASSIFIED DOCUMENTS: SOLID PROOF OF U.S. ELECTION INTERFERENCE BY A FOREIGN POWER.

So much worst that any of us predicted. The democrat conspiracy to rig the election by China. Why would China do this? Now what? I believe this speech by president Trump last Thursday just scratched the surface. It is just the beginning of what is to come. There are thousands of inditements to be served from this 2020 election fraud.

THE SHOCKING TRUTH ABOUT WHAT HAS BEEN HAPPENING WITH U.S. ELECTIONS.

Why did Trump give his speech on Thursday. Everyone needs to know this and listen carefully. Trumps speech was not about losing the 2020 election (sore loser) but rather election integrity and an orchestrated attack on him by the democrat party through foreign powers. Remember Trump was the president in 2020 and the intelligence agency intentionally filtered information from him about the foreign intervention in their briefings to him. This is the major issue here. RememberTrump also put in place an executive order that states any interference by a foreign power in an election could make it null and void.

A REVOLUTION FOR REGIME CHANGE IN IRAN IS UNDERWAY

IRAN’S HIDDEN URANIUM LOCATED

U.S. VOWS TO DESTROY IRAN’S PICKAXE MOUNTAIN NUCLEAR SITE

Iran declares all out war with the US. Will Israel join forces with the US? Would the US use a 5 mega ton nuclear bomb to do the job?

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.

ECONOMIC EXPERT: IRAQI GOVERNMENT STUDYING CURRENCY CHANGE PROPOSAL TO BOOST LIQUIDITY AND STRENGTHEN THE DINAR

An economic expert has told Channel8 that the Iraqi government is studying a proposal to change the country’s currency as part of broader economic reforms aimed at recovering hidden cash, increasing state liquidity, and strengthening the Iraqi dinar against the U.S. dollar.

Proposal Emerged After U.S. Visit

Speaking to Channel8, economic expert Haider al-Sheikh said Prime Minister Ali Faleh al-Zaidi’s recent visit to the United States produced several economic outcomes, including the lifting of U.S. sanctions on seven Iraqi banks, allowing them to resume international transactions and rejoin the correspondent banking system.

Al-Sheikh said discussions following the visit also led to a proposal to overhaul Iraq’s currency as part of efforts to improve financial liquidity. According to al-Sheikh, the proposal currently being studied includes two possible approaches.

The first would introduce a redesigned Iraqi currency with new banknote designs across existing denominations.

The second would remove one zero from the currency as part of a redenomination process. He stressed that the proposal does not involve printing larger denominations, such as IQD 50,000 or IQD 100,000 banknotes, but instead focuses on replacing the existing currency.

Recovering Hidden Cash

Al-Sheikh said the primary objective is to bring large amounts of cash held outside the banking system back into circulation.

He argued that much of Iraq’s liquidity is held by individuals rather than the state, while government cash reserves remain limited.

Under the proposal, authorities would establish a limited period during which citizens could exchange existing banknotes for the new currency through government banks.

He said unusually large exchanges would be subject to scrutiny, allowing authorities to investigate the source of the funds and identify assets linked to corruption.

Al-Sheikh linked the proposal to al-Zaidi’s anti-corruption “Dawn Campaign,” which has led to the arrest of more than 40 suspects and the discovery of large quantities of cash allegedly hidden in private properties.

Expected Economic Impact

Al-Sheikh said changing the currency could help increase government liquidity, stabilize the exchange market, and strengthen the Iraqi dinar against the U.S. dollar.

He added that the government hopes the measure would improve public confidence in the national currency and reduce the volume of cash circulating outside the formal banking system.

Al-Sheikh noted that a separate proposal to adjust Iraq’s official exchange rate had been discussed under former Prime Minister Mohammed Shia al-Sudani, including the possibility of setting the rate at IQD 140,000 per $100. He said that proposal is no longer being pursued, and the current government’s focus has shifted toward changing the currency itself rather than altering the exchange rate.

Additional Financing and Legislative Process

Al-Sheikh also claimed that Iraq secured between $2 billion and $3 billion in loans and financial grants from the United States during the prime minister’s visit. He added that Qatar, the United Arab Emirates, and other countries are also expected to provide additional financing.

According to al-Sheikh, the currency proposal remains under study and will be reviewed by the Ministerial Council for the Economy, the Ministry of Finance, the Central Bank of Iraq, and a joint consultative committee before being submitted to the Council of Ministers and later to Parliament if approved.

He estimated that, if adopted, implementation could take approximately five to six months.

Al-Sheikh said Iraq’s currency remains among the weakest-performing in the Middle East and argued that a well-planned currency reform, supported by research from the Central Bank and the Ministry of Finance, could contribute to increasing the value of the Iraqi dinar against the U.S. dollar.

He emphasized that the proposal remains under government review and has not yet been formally approved.

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THE DOLLAR’S JOURNEY FROM “MANHATTAN” TO “AL-RASHID”: A READING INTO THE SECRETS OF MONETARY DEPENDENCE AND THE FUTURE OF “IRAQ 2”

Iraq is a major economic paradox; while it sits atop the world’s fourth-largest oil reserves, it finds itself shackled by a series of monetary crises that raise a pressing sovereign question: Why are our wealth deposited in the US Federal Reserve Bank of New York instead of our national treasuries? And why does every Iraqi dollar pass through US scrutiny before finding its way to Baghdad?

In this analytical reading, we delve into the profound facts presented by Dr. Mazhar Muhammad Saleh, the financial advisor to the Prime Minister and the foremost authority on Iraqi monetary policies, to reveal how the “American treasury” is managed, and what are the costs of “systemic waste” that devour the development budget.

First: “Iraq 2” – New York as a bank for global operations

The journey toward monetary dependency began with UN Security Council Resolution 1483 in May 2003, which established the Development Fund for Iraq (DFI). The choice of the New York branch of the Federal Reserve was not only political, but also because it serves as the “International Operations Bank,” managing international liquidity. Today, this fund has legally been transformed into the “Iraq 2” account.

For many years, this account served as a source for paying the $52.4 billion in Kuwait war reparations, which officially ended in 2021, but it remained a crucial financial buffer. Here, a technical distinction must be made between two types of accounts: the “Oil Receipts Account,” into which export revenues are deposited, and the Central Bank’s “Foreign Reserves Account,” where “monetary sterilization” operations are carried out by absorbing Iraqi dinars and injecting dollars to finance trade.

“The US Presidential Executive Order (EO 13303) provides unique legal immunity for Iraqi funds against any legal action or seizures by international and private creditors. It is an international umbrella of protection that ensures the continuity of cash flows, but in essence it entrenches a monetary dependency that makes the US Federal Reserve the primary overseer of liquidity.”

Second: The “petrodollar” trap and compliance with the “SWIFT” system

Iraq technically belongs to the “dollar zone,” and is part of the “petrodollar” system that serves the American financial empire. The decision to price oil in dollars is not merely a technical choice; it is a cornerstone of stabilizing global demand for the greenback.

The idea of ​​a “monetary rebellion” or breaking free from the dollar’s ​​dominance clashes with the reality of “institutional compliance.” The financial world today is governed by the SWIFT system and transparency rules, and any attempt to circumvent the dollar would mean isolation from financing imports, which are vital to the daily lives of Iraqi citizens.

Third: “The Cost of Iraq” and Systemic Corruption

Dr. Mazhar revealed a shocking concept known as the “Cost of Iraq,” an undeclared tax that consumes between 40% and 45% of the value of any project implemented in the country. This waste is not merely individual theft, but rather “systemic corruption” where poor planning combines with extortion and exorbitant insurance costs.

• Feasibility crisis: A startling fact indicates that 90% of projects in Iraq lack genuine economic or technical feasibility studies, turning the investment budget into “wasteful economics”.

• Waste as an alternative to corruption: Dr. Mazhar believes that “waste economics” is the most dangerous face of corruption, where the efficiency of institutions declines and the costs of stalled projects multiply due to conflicting decisions.

“We are not just fighting bribery; we are facing a system of waste resulting from the low efficiency of institutions. Transforming the economy from a ‘waste economy’ to an ‘efficiency economy’ is the real battle to restore the state.”

Fourth: The battle over “white markets” and the restructuring of banks

The Iraqi banking sector recently witnessed the suspension of 28 banks from dealing in US dollars. It is important to distinguish between these banks and those sanctioned by OFAC for financial crimes; rather, they were suspended due to institutional non-compliance with international money transfer standards.

Today, the global firm Oliver Wyman is leading a reform plan to ensure “international compliance,” which includes:

1. Mergers: Creating robust, competitive banking entities instead of “front” banks.

2. Capital adequacy: Raising the minimum capital requirement for banks to 400 billion Iraqi dinars as a condition for survival.

3. Strategic Partner: Connecting local banks with international correspondents to ensure transparency and a complete transition from the “grey market” to the “white market”.

Fifth: “Economic Geography” and the Challenge of the Strait of Hormuz

For years, Iraq has been held captive by geopolitics, but the new vision prioritizes geoeconomics. Tensions in the Strait of Hormuz have exposed the fragility of relying on a single waterway; direct oil losses (loss of volume, not price) are estimated at around $39 billion since last February, while macroeconomic losses reach $45 billion, according to Dr. Mazhar’s “non-orthodox estimates.”

The lost “opportunity cost” of relying on a threatened waterway for exports makes diversifying export routes (such as the Banias pipeline and the Turkish pipeline) an existential necessity, not merely a strategic option. The “collapse in volumes” that Iraq is currently facing is more dangerous than the collapse in prices because it strikes at the very heart of the state’s financial capacity.

Summary:

Trust as a “tangible asset” that generates wealth

The crisis in Iraq is not a lack of resources, but rather a deep “trust gap.” As Dr. Mazhar describes it, “trust is an intangible asset”; if it is present and the working environment is improved, it immediately transforms into tangible assets and productive wealth.

The institutional reforms Iraq is currently undertaking, from the Higher Investment Council to the program and performance budget, are an attempt to curb systemic corruption. But the question remains: Will Iraq succeed in transforming trust into a national currency stronger than the dollar that resides in Manhattan, New York? It is a battle to restore the state’s efficiency, a battle in which Iraq will not accept compromise.

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IRAQI DINAR STRENGTHENS AS IRANIAN TOMAN PLUNGES AMID TENSIONS

The Iraqi dinar has recorded notable gains against the U.S. dollar, while the Iranian toman continues to lose value due to escalating conflict conditions. Market analysts anticipate further volatility in both currencies.

Dinar’s Rise Against the Dollar

Last week, the dinar showed a sharp upward trend. At the start of the week, 100 dollars traded for 153,500 dinars, but by Tuesday, July 21, 2026, it had dropped to 149,500 dinars, and in some cities like Baghdad and Basra even to 149,000. Currently, the rate is stable between 150,000 and 151,000 dinars. Since the beginning of the month, the dinar has regained about 4,000 dinars per 100 dollars.

Political and Banking Factors

Ali Faleh al-Zaidi’s visit to Washington and the announcement of an energy-sector economic agreement, along with the lifting of sanctions on seven Iraqi banks, had a direct impact. Analysts believe that if the Central Bank injects more dollars into the market, the dinar will strengthen further. Market commentator Keyfi Khushnaw stated: “If stricter measures are applied, the price of 100 dollars could fall below 150,000 dinars.”

Trading Volume in Erbil

Khushnaw revealed that daily transactions in Erbil’s currency market reach 30–40 million dollars, much of it domestic, tied to oil and real estate deals. Around 70% of the dollars purchased are used by traders for imports. If the government supplies dollars at the official rate of 132,000 dinars, demand in the parallel market will decline.

Toman’s Decline Due to Conflict

 In contrast, the Iranian toman has suffered heavy losses amid ongoing U.S.–Iran tensions. Within just one week, the rate for 100 dollars fell from 17,500,000 tomans to 19,400,000. Previously, during negotiations, the toman had strengthened to 11,000,000 per 100 dollars, but renewed conflict has halved its value.

Demand for Million-Toman Notes

Currency dealer Dana Mawlud in Sulaymaniyah noted that “the value of the toman is directly tied to the war situation.” He explained that one million-toman notes are in high demand because they are easier to handle, with one billion tomans equating to only 5,000,000 Iraqi dinars.

Historical Comparison

Currently, one billion tomans equals just 51,280 dollars. Fifteen years ago, the same amount was worth one million dollars. This stark contrast highlights the deep depreciation of the Iranian currency over the past decade and a half.

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AL-HALBOUSI RECEIVES THE US CHARGÉ D’AFFAIRES AND EMPHASIZES THE IMPORTANCE OF THE ECONOMIC PARTNERSHIP WITH WASHINGTON.

The head of the Progress Party, Mohammed al-Halbousi, discussed today, Sunday (July 26, 2026), with the US Chargé d’Affaires, Joshua Harris, the political developments and the economic partnership, and explained that the meeting addressed the results of the Prime Minister’s visit to Washington and the regional and international challenges.

The media office of the Progress Party, as reported by Network 964, stated that Al-Halbousi “received today, Sunday, the Chargé d’Affaires of the US Embassy in Iraq, Mr. Joshua Harris.”

He added that “the meeting addressed the political situation in the country, and supported the recent visit of the Prime Minister to the United States of America, which contributed to launching a comprehensive and diversified economic partnership that supports the Iraqi economy and expands investment opportunities.”

He added that “the meeting discussed developments in regional and international affairs, the challenges facing the region, and a number of topics of common interest.”

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AL-ZAIDI TRAVELS TO TEHRAN SEEKING (removal of ) EIGHT BALLISTIC MISSILES BELONGING TO THE FACTIONS… AND TRUMP IS WATCHING.

(Mnt Goat:I look at these visits as reporting in to Iran. Iran must then agree whatever to Iraq and US agreed to accomplish or else it does not get done. Let’s hope this trip to Iran is not the same and is really all about disarming the factions inside Iraq)

In a true test of his promises to US President Donald Trump and his return to the country yesterday, Prime Minister Ali al-Zaidi is preparing to visit Tehran on July 23, a trip reminiscent of his predecessors’ (as Tehran has traditionally been the next stop for any prime minister after Washington). According to Al-Mada newspaper, information indicates that al-Zaidi will ask the Iranian side to exert pressure on armed factions (groups outside state control that refuse to disarm) to release what is known as the “ballistic missile card” and hand over the hidden missiles (estimated at about 8 ballistic missiles and hundreds of drones) before September 30, the deadline set by the government to resolve the issue of uncontrolled weapons.

This move comes in coordination with the diplomatic arrangements witnessed in Baghdad yesterday, Sunday, through the meeting of the Undersecretary of the Ministry of Foreign Affairs, Muhammad Hussein Bahr al-Uloom, with the Iranian Ambassador, Kazem Al-Sadiq, to ​​discuss the agenda of the visit, at a time when political circles warn that any failure of Al-Zaidi to dismantle this weapon will negatively affect the overall great gains he brought back from Washington, which included the signing of 48 agreements and memoranda of understanding in the energy, finance and technology sectors, as well as the return of Iraqi banks to the global correspondent network.

Statement

After five busy days in Washington, Prime Minister Ali Faleh al-Zaidi returns to the destination that has traditionally been the next stop for any Iraqi prime minister: Tehran. But this time the visit does not appear to be an extension of protocol, but rather a test of whether the promises he brought from the American capital will hold up at the first Iranian turn.

Informed political sources told Al-Mada that Al-Zaidi will request, during his visit to Iran scheduled for July 23, that Tehran exert pressure on the armed factions to release what the sources describe as the “ballistic card,” and hand over the missiles in their possession before September 30, the date set by the government to end the issue of weapons outside the state.

The sources add that the meetings in Tehran will focus primarily on the groups that are now described within government circles as “rebels,” who refuse to disarm, while estimates indicate that they are hiding hundreds of drones, in addition to at least “8 ballistic missiles,” which they obtained from Iran, and refuse to hand them over at the instigation of Tehran.

The sources believe that the government is now facing a crucial test. If al-Zaidi is unable to fulfill his pledge to disarm the militias by the end of September, many of the gains he brought back from Washington will be threatened.

“An opportunity to get rid of Iran’s influence”

For his part, former diplomat Ghazi Faisal believes that al-Zaidi’s visit represents a qualitative shift in Iraqi-American relations after years of stagnation, noting that relations were affected by the failure to appoint an American ambassador in Baghdad, the continuation of rocket attacks on the American embassy and the Kurdistan Region, and more than 600 attacks targeting American interests and attributed to factions allied with the Iranian Revolutionary Guard.

Faisal tells Al-Mada that Iraq has suffered in recent years from the difficulty of achieving a balance between its relations with Tehran and Washington, and that Iranian influence has been strongly present in political decision-making. He adds that the current visit gives Baghdad a wider opportunity for political, economic and security independence.

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CENTRAL BANK OF IRAQ OUTLINES ROADMAP TO REDUCE CASH RELIANCE AND EXPAND DIGITAL SERVICES

The Central Bank of Iraq (CBI) held an expanded meeting on Tuesday with licensed electronic payment providers to accelerate the nation’s digital financial transformation, strengthen financial inclusion, and curb card misuse. Chaired by CBI Governor Nizar Nasser Hussein, the meeting centered on executing the regulator’s strategic roadmap to modernize Iraq’s payment ecosystem and transition away from a cash-heavy economy.

Addressing representatives from the sector, Al-Alaq stated that the upcoming phase demands a noticeable increase in service quality, efficiency, and system reliability to build public trust in digital transactions.

Key Objectives and Strategic Focus

During the session, the central bank outlined several operational and regulatory priorities:

• Compliance with Global Standards: The CBI urged payment firms to adhere strictly to international frameworks, particularly regarding cross-border financial transactions. Compliance is expected to enable higher card transaction limits and facilitate the rollout of new financial products.
• Countering Card Misuse: Regulators and payment companies discussed joint enforcement procedures to prevent card misuse and enhance payment network security.
• Expanding Acceptance Networks: Al-Alaq called on providers to expand POS (Point-of-Sale) acceptance networks, streamline digital collection processes, and deepen integration with licensed commercial banks.

The initiative comes as part of broader government efforts to modernize the national economy, reduce cash dependency, and implement modern financial infrastructure across both the public and private sectors.

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PARLIAMENTARY FINANCE COMMITTEE: THE VALUE OF THE DOLLAR WILL DECREASE FURTHER.

Confirmed Finance Committee Parliamentarians said on Monday that the value of the dollar will decrease further.

The committee chairman said Ady Awadfor Alsumaria News“Lifting sanctions on a number of banks will affect the price of the dollar, its flow, and the parallel market,” he said, adding that “this measure will serve the Iraqi market.”

He added that “this will reduce the value of the dollar,” noting that “we will host the Central Bank Governor in the committee to clarify the vision and mechanisms he will adopt regarding this matter.”
He stated that “banks will resume dealing in dollars.”

Regarding the budget, he explained “The government has begun preparing the 2027 budget, which will reach parliament in October,” he noted, adding that “the budget will be approved before the end of the year.”

(They say this about the budget every year. Let’s hope with the new budgeting process (program budgeting) they finally worked the kinks out of the process. It usually takes till March, if even, to get a budget. It would be proper to have it at the beginning the budgeted year, don’t you think?)

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QAANI CANCELS THE “RESISTANCE COORDINATION” AND REDRAWS THE MAP OF FACTIONS IN IRAQ.

Iraqi security sources revealed what they described as “important” organizational changes within the armed factions loyal to Iran, represented by the directive of the commander of the Quds Force in the Iranian Revolutionary Guard, Ismail Qaani, to cancel what is known as the “Coordination of Resistance in Iraq,” according to the “Eram News ” website.

The website stated in a report seen by Al-Sa’a Network, quoting sources, that “the changes stipulate that the factions move to a stage in which they operate independently, in response to the security and political changes that Iraq is witnessing, coinciding with the approaching end of the mission of the international coalition forces .”

He explained that “during his recent visit to Iraq, Qaani held a closed meeting with a number of leaders of armed factions, during which he informed them of the termination of what is known as the Resistance Coordination, and the suspension of the previous coordination mechanism between the factions during the current stage, so that each group would manage its decisions individually according to the developments of the stage .”

He added that “the Iranian directive came after the changes that occurred on the Iraqi scene, most notably the involvement of a number of factions, which were participating within the coordination, in the process of restricting weapons to the state, and their expression of agreement to hand over their weapons and rearrange their situations in line with the directions of the Iraqi government .”

The report indicated that “Iranian assessments now indicate that the continuation of the coordination in its previous form is no longer compatible with the new reality, after the factions’ positions on the weapons issue differed, as well as the approaching end of the international coalition’s mission, which prompted the adoption of a more flexible formula based on each faction moving independently .”

The coordination committee was the umbrella organization that adopted the majority of military operations targeting foreign forces and international coalition forces in Iraq, especially since the outbreak of the regional war on February 28, and it issued unified statements in the name of the “Islamic Resistance in Iraq” following most of the attacks .

This coordination included the factions of “Kataib Hezbollah”, “Harakat al-Nujaba”, “Kataib Sayyid al-Shuhada”, and “Asaib Ahl al-Haq”, in addition to other factions, and during the past period it formed the media and military framework that claimed responsibility for many of the attacks that targeted bases containing American forces .

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IRAQ IS PREPARING TO TRANSLATE THE OUTCOMES OF THE WASHINGTON TALKS INTO DEVELOPMENT PROJECTS.

Iraq and the United States of America launched an economic partnership that represented a highly important strategic transitional phase, especially after the two countries signed 48 agreements and memoranda of understanding worth more than $60 billion, aimed at expanding the prospects of cooperation in the energy, oil, electricity, industry, technology and financial sectors, a step that specialists considered necessary to achieve developmental leaps in various economic sectors.

Partnership pillars

Despite the diverse agreements and partnerships signed between the two countries during Prime Minister Ali Faleh al-Zaidi’s recent visit to Washington, Dr. Nagham Hussein, Dean of the College of Business Economics at Al-Nahrain University, believes that the most prominent aspect of the Iraqi-American economic partnership is in the energy sector, explaining that this sector is the cornerstone of the partnership and aims to invest in reducing associated gas flaring will increase revenues, lower imports, boost electricity production, improve energy security, attract US companies to invest in oil, gas, and renewable energy projects, and facilitate the transfer of modern technology and management expertise. Natural resources.

Banking and digital systems

In an interview with Al-Sabah, Hussein added that the second pillar of the partnership between the two countries aims to build a more efficient and transparent financial sector by modernizing banking and digital systems, enhancing compliance with international standards in combating money laundering and terrorist financing, expanding financial inclusion and increasing the use of electronic payment methods, as well as improving the investment climate and connecting Iraqi banks to the global financial system. She noted that the economic partnership aims to develop human resources, modernize educational curricula and align them with labor market needs, expand cooperation between Iraqi and American universities, and thus support scientific research and innovation, preparing qualified personnel capable of leading the transformation. Digital and knowledge economy.

She explained that the focus of sustainable economic development can be activated through economic diversification and reducing dependence based on oil, supporting the private sector and small and medium enterprises, improving infrastructure, attracting foreign investment, creating sustainable job opportunities and achieving inclusive economic growth.

Free zone

In a related context, the academic, Dr. Amr Hisham, pointed out that the topic of economic partnership between countries is an important concept that has existed since ancient times, indicating that this concept is governed by political relations, but in reality there are successful models. 

Hisham explained to Al-Sabah that the partnership could be through the creation of a free zone, such as the economic partnership between America and Canada, as well as Mexico. This economic partnership could then develop into a customs union, then a common market, and finally reach an economic union like the European Union.

Successful models

Hisham stated that there are stages to partnership, and there are also successful models such as the United Arab Emirates, which established an economic partnership with America. Singapore also succeeded in establishing an economic partnership with America, and Singapore followed the same path, indicating that this means that many countries in the world are exploiting the American umbrella politically, militarily, and economically.

He called for the need to move towards reducing customs barriers between the two countries on goods and services and to benefit from investments entering and leaving, noting that Iraq has an investment law that allows foreign investments to enter.

Global energy power

He stated that Iraq is a global energy power and is the third or fourth largest oil producer in the world, noting that it could also be a source of gas to South Asian markets. He stressed the need to develop the oil and gas industry and shift towards petrochemical industries while increasing oil storage and absorption capacities, calling for finding alternatives to the Strait of Hormuz by establishing large and expanded oil pipeline networks.

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AL-ZAIDI REVEALS THE “ADVICE” HE GAVE TO TRUMP: WE DON’T WANT IRAQ TO BE A FAILED STATE.

Prime Minister Ali al-Zubaidi affirmed on Wednesday that his government rejects Iraq becoming a “failed state,” stressing the need to continue fighting corruption and bear “all the consequences,” while revealing that he advised US President Donald Trump against launching a military strike against Iran.  

In an interview with The Atlantic, al-Zaidi said he advised Trump against launching a military strike against Iran, stressing that Iraq should be a meeting point, not an arena of hostility, between Washington and Tehran.

He added that a military presence does not create ties between peoples, and that economic engagement is the guarantor of building those relationships, noting that Iraq is looking for an investment partnership with the United States that extends for 30 years instead of a military presence.

Al-Zaydi stressed that “there is no option but to surrender the weapons,” emphasizing that his government rejects the transformation of Iraq into a failed state and is committed to fighting corruption.

He pointed out that economic development and job creation are the path to stability in Iraq, noting that the recent war and the closure of the Strait of Hormuz have inflicted heavy losses on the Iraqi economy, even though Iraq still represents a promising investment opportunity.

Al-Zaydi concluded by emphasizing his readiness to bear the consequences of his reform project.

Al-Zaidi, accompanied by a high-level delegation, concluded last Saturday a five-day official visit to the United States of America , which focused on launching a comprehensive and diversified economic partnership to support the Iraqi economy, expand investment opportunities, revitalize the local labor market, as well as enabling Iraq to open new outlets for exporting crude oil and increase production and refining capacities.

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AL-ABOUDI: THREE FACTIONS HAVE BEGUN HANDING OVER THEIR WEAPONS TO THE STATE, AND TALKS ARE UNDERWAY WITH WASHINGTON AND TEHRAN TO SUPPORT THE MONOPOLY OF ARMS.

National Security Advisor Qasim al-Aboudi revealed new developments in the file of restricting weapons to the state, stressing that the government held talks with the United States and Iran to support this path, while announcing that three factions have begun procedures to hand over their weapons to official institutions.

Al-Aboudi said in a televised statement that Prime Minister Ali Faleh al-Zaidi’s visit to Washington contributed to developing the course of Iraqi-American relations and moving them to the framework of economic partnership and security cooperation, indicating that the two sides agreed to resume training programs and security coordination, as well as discussing a number of joint files.

He explained that the issue of restricting weapons to the state requires dialogue with the various concerned parties, noting that some factions were linking their continued possession of weapons to the presence of American forces, and that an understanding regarding the end of their presence removes one of the justifications that were being put forward in this context.

He added that the government discussed the issue with the Iranian side, noting that Tehran expressed its readiness to support efforts to restrict weapons after being convinced of the withdrawal of US forces, stressing that Baghdad emphasized during the meetings its rejection of the use of Iraqi territory or targeting it in any conflict.

Al-Aboudi stressed that the government is committed to ending the presence of any weapons outside the framework of the state, noting that the next phase will witness new steps to strengthen the authority of official security institutions and consolidate the state’s monopoly on weapons.

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IRAQ: NON-OIL REVENUES HIT RECORD HIGH

The Eco Iraq Observatory announced on Saturday that the contribution of non-oil revenues to Iraq’s total financial revenues has risen to 16%, the highest percentage recorded so far.

(Mnt Goat:I believe they told us their goal is between 45-55%)

The observatory said in a statement received by Al-Sa’a that “this is the first time that the percentage of non-oil revenues has risen to 16% during the months of May and June, after it had remained for years not exceeding 5%.”

He explained that “non-oil revenues rose for the first time to about 10% during the government of Mustafa Al-Kadhimi, and stabilized at this level during the government of Mohammed Shia Al-Sudani, before recently recording its highest percentage.”

The observatory explained that “non-oil revenues include commodity taxes and production fees, general fees, taxes on income and wealth, transfer revenues, as well as other revenues.”

He pointed out that “the revenues of the Kurdistan Region represent about 5.5% of the total non-oil revenues, through the funds that the region delivers to the federal government.”

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AN AMERICAN PLOY TO IMPLEMENT THE NEW MIDDLE EAST PROJECT… WILL IRAQ SWALLOW THE BAIT?

The recent security changes at the level of military and security leadership have raised many questions about the nature and timing of these measures, and whether they fall within the context of normal administrative rotation of security positions, or whether they came in response to external directives and pressures aimed at finding alternatives capable of implementing agendas that are consistent with the American vision in the region.

According to political opinions and observations, the discussion is focused on what are said to be moves backed by American pressure to make changes affecting the Chief of Staff of the Popular Mobilization Forces, Abdul Aziz al-Muhammadawi, and the Chief of Staff of the Army, Lieutenant General Abdul Amir Rashid Yarallah, within the framework of efforts believed to be aimed at removing any obstacles to the new American project in the Middle East, which observers believe is primarily aimed at ensuring the interests of the Zionist entity and strengthening its influence in the region.

Observers believe that the United States is moving rapidly to create the necessary conditions for launching its new project in the Middle East, placing Iraq at the forefront of its priorities, given its strategic geographical location and its vast wealth and economic potential, as well as its efforts to tighten the noose and increase the siege on the Islamic Republic of Iran.

In this context, Jassim Mohammed Jaafar, a leader in the State of Law Coalition, confirmed in a statement to Al-Maalomah that “any change made by the Prime Minister in the security leadership must be done after consultation with the coordination framework and prioritizing the country’s interest in it,” explaining that “the leaders of the Popular Mobilization Forces must be close to the PMF, and it is not possible to impose leaders who are far from its orientations, as the Popular Mobilization Forces are a striking force and defender of the country, and it is necessary for them to remain, and no one has the right to dissolve them.”

Jaafar pointed out that “not everything imposed will be implemented,” referring to American pressure on Iraq to dissolve the Popular Mobilization Forces (PMF). He explained that “changes must be made according to a mechanism that aligns with the orientations, ideas, and requirements, and leaders cannot be imposed on the PMF who do not belong to it or belong to other groups.” He expressed his astonishment at attempts to impose American dictates on Iraq, stressing that any “security file must be an internal matter, free from any external interference.”

For his part, political analyst Atheer Al-Sharaa told Al-Maalouma that “US President Donald Trump is continuing the military escalation in the region and deploying his forces in several countries with the aim of achieving his goal of tightening the noose around Iran,” noting that Trump is working to raise the level of escalation in the region, through issuing threats and continuous bombing.”

He added that “the American escalation coincided with a move by Trump to strengthen the American military presence in countries close to Iran, especially in the region, in addition to the American movement in the military bases controlled by the United States inside Turkey.”

He explained that “Trump is using Zionist forces in Azerbaijan to achieve some of his goals, in addition to his continued efforts to control the Strait of Hormuz, which is pushing him to continue the military escalation and the continuous bombing of Iranian territory.” 

The United States, under President Donald Trump, seeks to bolster its influence in the region and bring its countries within the American sphere of influence, whether directly or indirectly. Observers believe that several Gulf states have become launching pads for American forces to carry out military operations and attacks against the Islamic Republic. Meanwhile, warnings are mounting about the extension of this approach to Iraq through attempts to integrate it into the Washington-led security system. This integration is being pursued through projects and plans presented under the guise of “security cooperation,” which are believed to aim at expanding American influence within the country and serving its regional agenda.

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WHY IS THE “ASYCUDA” SYSTEM CONTROVERSIAL IN IRAQ? AN ADVISOR REVEALS THE REASONS.

Nabil Al-Khafaji, advisor to the head of the Baghdad Chamber of Commerce, revealed the reasons for the controversy surrounding the “ASYCUDA” system adopted in customs procedures, considering that the main problem lies in the difficulty of modifying data after it has been entered, despite the possibility of developing a more efficient local system.

Al-Khafaji said during a televised interview followed by Al-Sa’a Network that Iraq possesses the competencies and technical capabilities that qualify it to establish a better customs system, indicating that the ASYCUDA system is old and it is difficult to make modifications to it after the data has been recorded.

He added that “many developed countries do not adopt this system,” noting that “Iraq was able to develop a local system that links all financial benefits and procedures more efficiently.”

(Mnt Goat: we had been told in the recent past in articles that many of the developed countries do adopt and use the ASYCUDA system. So this statement is a contradiction of past news. Why?)

He explained that “the problem does not lie in entering the data, but in the mechanism for modifying it after it has been recorded,” noting that “any error in the shipment information or the goods code (HS Code) becomes complicated to correct within the system.”

Al-Khafaji explained that “errors are often caused by the data submitted by the source or exporting company, but the ASYCUDA mechanism makes dealing with these errors more difficult, which is reflected in the speed of completing customs transactions.”

(Mnt Goat: I believe all the resistance to ASYCUDA is also from one thing called CHANGE. Merchants don’t want to pay import duties. Citizens don’t like the cost of these duties passed on to them in the marketplace. The use of ASYCUDA tightens these fees and more accurately collects them, something Iraq did not have in the past.)

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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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a

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 14, 2026 Mnt Goat News Brief

Guten Tag everyone:

Today’s news is amazing as Iraq may be starting it’s final journey on the road to success. Yes, the success we all have been waiting for. Let’s go very deep into this visit of the new prime minister to Washington this week and see what this is really all about.

GIVE A GIFT TO MNT GOAT

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

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

 Let’s all try to chip in!

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1 Corinthians 13:3

Charity is rooted in love: In, love is described as the greatest gift, surpassing even material giving. Without love, giving is meaningless” 

STATUS OF THE RV

It is a new month and we are halfway though it already. Can you believe it? Where is this summer going? I can see many just ‘occasionally’ pop into my blog. Have you decided to help out to keep the blog alive? Do you appreciate all that I do?

The Latest Mnt Goat Newsletter will only be published if my viewers support it. If you have not yet already shown your appreciation for the month, please try to help out. We are already down to one Newsletter a week due to non-participation by many of the viewers. I have to give a Heart-Felt Thank You for all those that have helped out for July.

Remember that I don’t need to publish anything for anyone. I do this because I care about the public and because I don’t t agree with all the stupid, bizarre stuff that is going on to wrongly promote this Iraqi dinar investment. is this a three-ring circus or what? Can’t anybody think anymore? Yes, there are many idiots making a lot of money off their nonsense, yes total nonsense, yet I bring FACTUAL and HONEST news, and I can hardly afford to do it. Does this make any sense? It is all up to you!

I will say no more…… PLEASE HELP OUT!

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I wanted to come today to say that Iraq is at the very cusp of some major changes that are revolutionary in nature for Iraq. Yes, yes, yes we have heard this before but today I am going to show you this time it is different. Remember it has been over two (2) decades already since the 2003 invasion and thirteen (13) years since the first try to reinstate the dinar back to FOREX by Dr Shabibi.

What are these changes? Can we count on them to get us the RV?

Folks, there are so many take-aways from today’s Newsletter. It truly shocks me how some comment on my blog about doing just a monthly Newsletter. Really? Is this what you really want? Then how would you truly understand what is going on and if you don’t understand the path then how can you even know when to expect the RV? I feel it’s very important to do a twice weekly Newsletter but I need support to do them. Oh…. I get it now; you only want a date and a rate? But this is not what my blog is all about, sorry! I have told these kinds of readers many times that this blog then is not for you. Go tie into these other idiotic sites like TNT, Bruce, Frank26 or many of these YouTube bullshit sites. Yes, they are full of hype, over speculation and lies. Is this for you?

So, these changes we will talk about today will affect everything about Iraq including but not limited to the Iranian occupation of Iraq, the economy, the security forces and the stability of Iraq and the region as a whole. I firmly believe we may finally see some REAL progress and changes for Iraq in the coming period that will directly lead us to the RV and Reinstatement. But we will have to get through it to get to it.

I will also add that these coming changes are dependent on what happens from this trip by the new prime minister al-Zaidi of Iraq to Washington. This is why the trip this week is like no other by no other prime minister. Get it? Will Al-Zaidi get what he wants from Washington and will Washington get what it wants from Iraq?  Seriously, do I have to go over again what both parties want from each other? But there is recent news anyhow in today’s set of articles that explain it all. So, I will try to shortcut the news for you and bring out highlights but remember there is much more in the article themselves. I will leave it to you to go read them in detail in the Articles Section of the Newsletter.

• “ALI AL-ZAIDI ARRIVES IN WASHINGTON TO MEET TRUMP”

Prime Minister Ali al-Zubaidi arrived in Washington, D.C., on Monday (July 13, 2026), accompanied by a high-level delegation, to meet with U.S. President Donald Trump

• “AMERICAN NEWSPAPER: IRAQ AGREED TO BLOCK DOLLARS FROM REACHING IRAN AND FACTIONS IN ORDER TO RESUME CURRENCY SHIPMENTS.”

The Wall Street Journal reported Wednesday evening that Iraq has agreed to new controls aimed at preventing the flow of dollars to Iran and its militia allies, in exchange for the Trump administration lifting a four-month suspension on shipments of US currency to Baghdad, according to what it quoted from US and Iraqi officials. I take from this article that the US wants to get off the sole peg to the US dollar but can’t until the entire process is completed and back on FOREX. So the push to do this is going ahead.

• “VISIT TO WASHINGTON: AN ECONOMIC GAMBLE TO BOOST INVESTMENT”

“All eyes are now on the visit of Prime Minister Ali al-Zubaidi to the American capital, Washington, amid expectations that it will be an important step in strengthening economic relations between Iraq and the United States, and opening new horizons for foreign investments, especially in vital sectors that are relied upon to diversify the national economy and reduce dependence on oil revenues.“

The visit also represents an important milestone in the course of Iraqi-American relations, as it holds opportunities to enhance political, economic, and security cooperation, in addition to raising national and humanitarian issues of concern to the various components of the Iraqi people.

“that Iraq possesses an important geographical location and great wealth that qualifies it to be an economic and strategic center in the region, expressing his hope that the visit will contribute to supporting security and stability and opening up broader horizons for economic and investment cooperation.”

• “AL-ZAIDI FACES A TEST FROM THE “BIG PLAYERS”… WILL HIS CAMPAIGN CONVINCE WASHINGTON?”

All eyes are on Prime Minister Ali al-Zaidi’s upcoming visit to Washington, amid American anticipation of the seriousness of his government in implementing fundamental reforms, foremost among them combating corruption and restricting weapons to the state. 

While the administration of US President Donald Trump describes these issues as a benchmark for continued support for Baghdad, observers believe that al-Zaidi faces a crucial test to prove his ability to move from launching campaigns to pursuing the “big fish” and achieving tangible results,

“serious questions remain about al-Zaidi’s ability to implement the commitments outlined in the understandings reached between the two sides in what has become known as the “June Agreement.“ Pay attention to this June Agreement as we will be hearing much more about it in the near futuer.

She stressed that “American support for the Iraqi government is not open-ended or unconditional,” noting that “the American administration informed Baghdad, through its envoy Tom Barrack, of three main issues that represent a criterion for the continuation of this support”:

1.the first priority is to restrict weapons to the state and end the phenomenon of weapons outside the framework of official institutions;

2.the second priority focuses on combating corruption, which Washington views as the main gateway to most of the crises that Iraq suffers from;

3.the third file relates to stopping the smuggling of hard currency and closing the channels that drain the Iraqi financial reserve.

These three issues have reinstatement written all over them. Can you say RV?

Didn’t we just witness a recent campaign launched by the government against a number of those accused of corruption? This represents an important step. See my 07/07/26 Newsletter.  But it is said in the news today this may not be enough as it still needs greater evidence and results,” 

Remember that this campaign and the resulting arrests were made just before al-Zaidi left for Washington. Was he just doing this out of pressure or was he sincere to really wanting to clean up corruption in Iraq? The other question is will these measures be sufficient enough to convince the US administration and Congress that Baghdad has indeed begun a serious battle against corruption.

All we need to do is look at president Trump’s campaign against corruption in his own country and we can clearly see his determination to end the deep state where ever and whenever it is affecting in the world, including Iraq. But this goes deeper that just cleaning out corruption on the surface. There are underlying reasons why the corruption must end. So, let’s look deeper and take a dive into this article. Seems Al-Zaidi really has no other choice than to clean up Iraq. Remember it also has a ‘deep state’ taste all over it and like in the US they are not going to just role over and give up. There is going to be a fight in Iraq as we see it playing out in the US too with the democrat party and the rhino clowns of the republican party.

Oh…. we can see yet another reason too and the author notes that “obtaining funding from the World Bank and major financial institutions will be more difficult without American political cover, which gives Al-Zaidi’s visit to Washington an importance that goes beyond its diplomatic dimension .”

He added that “the government will be required to show more decisive steps in the files of combating corruption and disarmament, because these two files will remain the basic standard for evaluating its performance during the next stage .”

• “AL-ZAIDI FACES A TEST FROM THE “BIG PLAYERS”… WASHINGTON AWAITS PROOF OF SERIOUSNESS IN THE CORRUPTION AND WEAPONS FILES.”

Approximately $300 billion has been smuggled out of Iraq. WOW!!!!!!!!! ☹☹☹

 Before Prime Minister Ali al-Zaidi arrived in Washington in mid-July, Baghdad found itself facing a sensitive political test: the funeral of former Iranian Supreme Leader Ayatollah Ali Khamenei and several members of his family in Iraq. What the heck? In Iraq a funeral for the supreme leader of Iran?

This event of the funeral ceremony could hurt the credibility of al-Zaidi in disposing of Iranian influence in Iraq. Why in hell did he allow it? “What was he thinking?

The event, which was supposed to be a religious ceremony, quickly transformed into a political issue where the interests of Baghdad, Tehran, and Washington intersected, becoming one of the first hurdles before the anticipated meeting between al-Zaidi and US President Donald Trump. Yes, so close to Al-Zaidi’s visit. Was this intentionally done to provoke the US?

• “THE US REPRESENTATIVE IN IRAQ: THE TRUMP ADMINISTRATION SUPPORTS AL-ZAIDI TO “COLLECT WEAPONS” COMPLETELY AND QUICKLY.”

“The acting US ambassador to Iraq, Joshua Harris, confirmed that the US administration supports the government of Ali al-Zaidi’s vision for “monopolizing weapons,” and stressed that it looks forward to its “full implementation.”

Joshua Harris, the acting US ambassador to Baghdad, said in statements followed by “Ultra Iraq” that the US administration “believes that achieving full sovereignty for Iraq requires disarming all armed groups outside the authority of the state.”

Harris added that “their presence (the armed groups and factions) contradicts the aspirations of Iraqis for stability and peace.”

Oh… gee golly, did Harris just say “their presence (the armed groups and factions) contradicts the aspirations of Iraqis for stability and peace?”

So, I hope that you will begin to see now, after today’s news, what was meant by Dr Shabibi and Ali Al‑Alaq when they told us Iraq needed STABILITY and SECURITY in Iraq in order to conduct the Project to Delete the Zeros?

Eventually the newest director of the CBI, Dr. Nizar Nasser Hussein, will have to give us an update on the project to delete the zeros and where it stands. I am told by my CBI contact this is coming very soon to the citizens. I will report on it in my blog just as soon as I get it.  

But you might think why is this, as they are only going to change out the currency to the lower denominations? But remember to do this they will need to get a higher rate to the dinar as at 1/6 of a penny the lower denominations would be worthless and it would take truckloads of dinar just to buy groceries. It would do the economy no good. There is also the necessity to finish the electronic reforms up north in Kurdistan region prior. 

So, this is not correct thinking and you are dead wrong as all my readers should know by now that the plan developed by Dr Shabibi (then the director of the CBI) along with the IMF is to also follow through shortly afterwards with the reinstatement to FOREX with a revalued rate and to repeg the dinar from the sole peg of the US dollar. We can be assured the new rate has to be at least $3.22 or greater. We are now seeing on the screens a pending rate of close to $5. This rate will NOT advance to FOREX trading until the OFAC sanctions are lifted on the IQD.

• “AN AMERICAN PERSPECTIVE: AL-ZAYDI INVOKES THE “GODFATHER” TO DISMANTLE THE DEEP STATE IN IRAQ.”

 An American report likened Iraqi Prime Minister Ali Faleh al-Zaidi’s anti-corruption campaign to what is known as “Michael Corleone’s moment” in the movie “The Godfather,” questioning whether the ongoing measures represent the beginning of dismantling the entire corruption system, or whether they will be limited to eliminating political opponents.“

• “MORE THAN JUST PROTOCOL: RADICAL SHIFTS DRIVE AL-ZAIDI’S VISIT TO WASHINGTON THIS MONTH!”

“Iraq stands at a new crossroads in the corridors of international diplomacy. Visits by heads of state are often dismissed as routine protocol procedures filled with forced smiles, but Iraqi Prime Minister Ali Zaidi’s visit to Washington in mid-July breaks this mold.“

Folks, this is their words not mine. Read the above paragraph again. What does it say? It says and I quote “Visits by heads of state are often dismissed as routine protocol procedures filled with forced smiles, but Iraqi Prime Minister Ali Zaidi’s visit to Washington in mid-July breaks this mold”. So this is why I am telling you this visit and maybe even future visits too may NOT be just routine but working with Washington to lay out and incorporate Trump’s plan for Iraq and how Iraq can assist the US as a major player in getting it done, and at the same time moving it ahead too. Do you think they will need the RV and Reinstatement to move ahead, to execute Trump’s plan (Dr Shabibi’s plan)?

In the aftermath of the “Iran 2026 War” and the fragility of the “Islamabad Memorandum,” Zaidi carries not merely investment requests, but a “sovereignty first” doctrine. “It is a bold attempt to transform Iraq from a regional arena of attrition into a “vital hub” that neither Washington nor the global economy can ignore.“

First: Hunting the “Big Fish” – When bullets and money speak,
al-Zaidi’s journey didn’t begin in Washington, but rather in the streets of Baghdad on the still night of the 28th of last month. That night, counterterrorism forces shattered the status quo with swift raids targeting bastions of nepotism. This wasn’t a political “show,” but the first wave of the “50 Whales” list identified by the Supreme Sovereign Council for Integrity.

The operation resulted in the arrest of 47 high-ranking officials, including parliamentarians and governors, and the seizure of large sums of cash hidden in private safes.  

Second: The “OPEC Surprise” – Iraq brandishes its surplus weapon in a high-stakes geopolitical poker game. Al-Zaidi holds a card that could redraw the global energy map: the threat to suspend Iraq’s membership in OPEC. This is not merely a threat to increase production; it is a carefully crafted pressure tactic to extract US recognition of the “Joint Energy and Development Fund.”  WOW! WOW! WOW! 😊 😊 😊

Third: “Securing the Future” – Iraq as a Global Reserve Hub.
After the 2026 war exposed the vulnerability of the Strait of Hormuz, al-Zaidi proposes Iraq as a “global reserve hub” for energy, representing a geopolitical “insurance policy” for the West.

The race here is not only economic but also a race against time, as Turkey is pushing for a new agreement for the Nord Stream pipeline by a deadline this month. Through the “Development Road” and the Nord Stream pipelines, al-Zaidi seeks to create a reliable overland alternative, offering the United States three strategic advantages including 1)neutralizing the Strait’s vulnerability;   2)the return of the giants: providing security and political guarantees for American energy companies to return to work in Iraq; 3)lasting stability: transforming Iraq from a “corridor of wars” into a “lifeline” connecting the Gulf to Europe by land. This has the Abraham Accords written all over  it. Is this not the basis for Trump’s plan to transform the middle east into a peaceful, productive region. So what is standing in the way? Could it be the constant terror of the terrorists factions?

Fourth: The Technological Fortress – Sovereignty via Starlink and Blockchain.
Al-Zaidi understands that digitally compromised sovereignty is illusory. Therefore, his visit to Washington transcends traditional arms deals, reaching into the realm of “digital sovereignty.” The move towards Starlink and American cloud providers is not merely a technological luxury, but an attempt to decouple from regional fiber optic networks vulnerable to hacking and political blackmail.

Fifth: The “Hard Stop” Date – The Moment of Truth on September 30.

The date of September 30 remains the shadow over all discussions; it is the date of the “Hard Stop” for all armed activities outside the authority of the state. Al-Zaidi is going to Washington to forge a unique bilateral security agreement: advanced air and intelligence support, without an “army on the ground.”

• “WARNINGS AGAINST CROSSING RED LINES DURING AL-ZAIDI’S VISIT TO WASHINGTON: “IRAQ IS NOT AN AMERICAN STATE.”

 All I can add to this article is to say “It’s not an Iranian state either”. Iran has already crossed the RED line.” So why not criticize them instead. Why always pick on the US for trying to fix the situation and help Iraqi sovereignty? Where has this gotten Iraq? Why not try something different under Trump. There is much, much more to offer than terrorism and corruption as from Iran. Oh…. maybe this is what Al-Zaidi is doing. 😊 I know it is hard to break all ties to Iran as they are also huge trading partners too, but the people of Iraq have to wake up to the fact that their own relatives are in jeopardy too in Iran as the Islamic Jehad is in control not a sovereign, peaceful, democratic government. Has it been too long already that they can even remember what Iran was like prior to the early 1970’s and before when Iran was a free nation not under the rule of Islamic terrorists? I know it is hard as generations have grown up already only knowing the rule of Iran’s fists from the revolution takeover of 1979. Do we want this to happen in our countries too?

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😊 In the news today, see article titled “ONE EYE ON TRUMP… AND THE OTHER ON 7 FACTIONS THAT COULD IGNITE THE NIGHT IN BAGHDAD!” we find that al-Zaidi is now in the US this week and his team is meeting with the various departments of Trump’s cabinet. All we can do it wait and pray this visit is successful and finally advances this revolution. Oh… but this trip  is not a popular one for Iran as they don’t want to leave Iraq and they know this is a major part of the trip. Al-Zaidi goes to Washington seeking investment, but armed groups reject him.

 “Baghdad is watching with concern the possibility of Iraqi factions becoming embroiled in a new round of confrontation between Washington and Tehran, through attacks on American sites and bases in the Gulf and the wider region. Meanwhile, Prime Minister Ali Mohsen al-Ahmad was en route to Washington to meet with US President Donald Trump for the first time since assuming office in mid-May. The trip carries with it the files of investment, energy, and corruption, but above all, it carries the most sensitive issue in Iraq: the weapons of armed groups and the future of Iranian influence.”

Last month, authorities arrested dozens of members of parliament and officials on corruption charges that surfaced after the arrest of Adnan al-Jumaili, the deputy oil minister.

Despite government claims of progress in the disarmament process, prominent factions, including Kataib Hezbollah, continue to refuse to surrender their arsenals.

Informed sources say that some groups have handed over older or limited quantities of weapons, while keeping their core ballistic missile capabilities outside any settlement.
This means that the state has not yet achieved a monopoly on force, and that any regional escalation could quickly plunge Iraq back into the cycle of violence.

Even the large funeral procession for the former Iranian Supreme Leader in Baghdad was interpreted in Washington as a reminder that Iran still wields considerable influence within Iraq, according to analysts.

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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 begun. Now it has moved also to other countries including any developed nation that does not support Muslims Brotherhood. It then becomes basically a war on the rest of the world. Is this what the so-called religion of Muslim is really all about? In my Political Section of the Newsletter we get a pretty good picture of the global attempt of this so-called excuse of a religion called Muslim.

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Let’s keep our prayers alive. There is a deep spiritual dimension at work today bringing about this reset. I believe we are closer than ever for the dinar to get reinstated. But first things first. Part of the mess in the US must be cleaned up too. Then certain laws in Iraq must be passed. Certainly, reviving the economy to at least 45%-50% non-oil revenues could make a huge difference for Iraq and the IMF. Let’s also let the Abraham Accords take effect as more Arab countries join in. By now everyone should be fully aware of these events that caused delays in the currency reform process. This is not rocket science to understand. We are not in control over these obstacles. We need to STOP spreading rumors and over speculating.

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

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

                                             Just the FACTS!

                                         

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

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

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

Prophetic Words from the prophets:  Julie Green

““A Banking Collapse Is On The Horizon”

 Go to the 6:00 mark. from July 3^rd.

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“A Red Sea Moment Is Coming for the United States ”

Go to 5:19 mark for encouragement and 17:10 for prophecy.  From  July 5^th.  

Some people are not going to make it to mid-terms. Some people would die or resign.

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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.  

WHAT WE KNOW ABOUT SEN. LINDSEY GRAHAM’S DEATH

Please let’s stop all the rumors and conspiracy theories. He was 71 years old and could have very well just died from a heart attack. It happens everyday to lots of people. Let’s wait this one out and see what comes up as FACTUAL not Rumors!

DID THE MUSLIMS JUST CROSS A ‘RED LINE’ IN FRANCE?

This one makes me jump for joy as we are finally see a major player making a move against this Muslim movement takeover of our nations. No,, this is not just anti-Muslim but an invasion of our nations by the Islamic Brotherhood Jahad. Is the US now experiencing the same as in France? Hasn’t the US seen Muslims seeded in government positions too. i.e. Ilhan Omar and Rashida Tlaib. When will the US also take serious actions to close down this invasion?

What does the Muslim Brotherhood really want? A must watch for everyone to understand what the Muslims are really up to in our countries. What can we do about it?

Using the backdoor again…. No, not that backdoor…lol..lol..lol..

WILL THE US ALLOW A GLOBAL TRIBUNAL STAFFED BY UNELECTED GLOBALIST TO GOVERN IT?

Folks, this is really, really scary stuff! I thank God every day we have the right people in power running our government today!

THE MAR-A-LAGO LEGACY

HOW DOES ISRAEL SEES THROUGH 80 METERS OF SOLID ROCK?

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.

PRESSURE MOUNTS TO FINALIZE THE CABINET; PARLIAMENT URGES BLOCS TO SETTLE ON NOMINEES, VOTE IMMINENT.

  MP Abbas Al-Maliki stressed that the delay in completing the cabinet does not serve the political process, calling on political blocs to expedite the resolution of this issue and send the names of the remaining ministers to the House of Representatives in preparation for voting on them.

Al-Maliki said that the continued delay in completing the government formation is affecting the government’s work and hindering the implementation of its program, noting that the House of Representatives informed the political blocs of the need to agree on the candidates and send their names to be presented to Parliament.

He added that political activity between the various forces is still ongoing with the aim of reaching understandings regarding the vacant ministries, noting that there are intensive contacts and consultations to accomplish this entitlement.

Al-Maliki explained that there is a trend to resolve the issue of completing the ministerial cabinet during the upcoming sessions of the House of Representatives, which will contribute to completing the government formation and ending one of the most prominent outstanding political issues.

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ALI AL-ZAIDI ARRIVES IN WASHINGTON TO MEET TRUMP

Prime Minister Ali al-Zubaidi arrived in Washington, D.C., on Monday (July 13, 2026), accompanied by a high-level delegation, to meet with U.S. President Donald Trump. According to the government spokesman, the visit’s discussions will focus on important issues, most notably the development of economic and investment relations.

The so-called “Islamic Resistance in Iraq” announced on Sunday (July 12, 2026) its rejection of Iraqi Prime Minister Ali al-Zaidi’s visit to Washington, considering that it comes at a time that coincides with the continuation of the war in the region. It called on the government to end the American military presence and warned against concluding agreements, memoranda of understanding, or economic contracts that it described as mortgaging the country’s resources or strengthening what it called “American hegemony,” stressing that any treaties or agreements must be presented to the House of Representatives for ratification.

Before heading to Washington, the State Administration Coalition held a meeting yesterday, Sunday (July 12, 2026), to discuss preparations and objectives related to Prime Minister Ali Faleh al-Zaidi’s trip to the United States. The coalition renewed its support for the government and judiciary’s efforts in combating corruption, stressed the importance of proceeding with the state’s monopoly on weapons, and called for prioritizing dialogue and understanding and rejecting wars and escalation, while affirming Iraq’s readiness to play a unifying role that contributes to strengthening the common interests of the countries of the region.

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AN AMERICAN PERSPECTIVE: AL-ZAYDI INVOKES THE “GODFATHER” TO DISMANTLE THE DEEP STATE IN IRAQ.

 An American report likened Iraqi Prime Minister Ali Faleh al-Zaidi’s anti-corruption campaign to what is known as “Michael Corleone’s moment” in the movie “The Godfather,” questioning whether the ongoing measures represent the beginning of dismantling the entire corruption system, or whether they will be limited to eliminating political opponents.

The Quincy Institute, in its report entitled “The Iraqi Prime Minister Embraces His Inner Michael Corleone,” translated by Shafaq News Agency, recalled the cinematic scene, which it described as one of the most convincing scenes in cinema about power and consolidating control, and how a new system is forged by destroying the old one.

More than half a century after the film “The Godfather,” the report argued that Iraq is experiencing its own Godfather moment, explaining that since taking office last May, al-Zaidi has launched an unprecedented campaign targeting figures in various aspects of the political and administrative establishment, including investigations into billions of dollars of money suspected of being misused, and has reached deep into the networks of officials, bureaucrats, and political actors who have benefited from Iraq’s patronage and quota system.

According to the report, external powers largely supported Operation Dawn Charge, with US officials and segments of the international community viewing it as a sign that Baghdad may finally have decided to confront the corruption that has undermined governance for two decades. The report also notes that China, one of Iraq’s largest economic partners, has reasons to welcome greater institutional stability.

The report continued that even former Prime Minister Nouri al-Maliki, who has long been associated with the political system that emerged after 2003, praised al-Zaidi’s campaign against “those who squandered the money of the Iraqi people,” while the leader of the Shiite national movement, Muqtada al-Sadr, expressed his support for the “heroic reform campaign,” as he put it.

After describing what al-Zaidi did as a major political victory for him, the report noted that his supporters described the campaign against corruption as the great national battle, compared to the war against ISIS, with the leader of the Services Alliance, Shibl al-Zaidi, describing “the war on corruption as no less important or dangerous than the fight against terrorism.”

While the report addressed the rise of the corruption system in Iraq after the 2003 invasion, and its transformation into a complex patronage system fueled by billions of US dollars allocated for reconstruction, it quoted Abu Bakr Jamai, a researcher at the American College of the Mediterranean based in Morocco, as saying that “corruption comes from the absence of law enforcement,” adding that corruption, in this context, supports the erosion of the rule of law.

The report stated that more than a decade ago, anti-government and anti-party protests erupted, including in the capital Baghdad, Basra, Najaf, Karbala and Hilla, driven by corruption, lack of electricity, unemployment and poor public services. It added that the protests challenged the assumption that Shiites would automatically support Shiite political elites, but that shared religious identity proved insufficient when citizens were facing temperatures of up to 50 degrees Celsius, without constant electricity or basic services.

According to the report, for then-Prime Minister Haider al-Abadi, these protests represented a major embarrassment, especially since ISIS boasted about providing services such as electricity in the city of Mosul, while al-Abadi responded by launching a series of anti-corruption initiatives, including the establishment of a High Commission for Combating Corruption.

However, the report noted that these measures were seen as cosmetic reforms that added another layer of bureaucracy without addressing the deep-rooted structural problems.

According to the report, al-Zaydi’s approach is markedly different, indicating that he appears ready to meet the challenge of reforming a political system that rewards Iraqi politicians with positions because of their ethnic and sectarian backgrounds.

The report continued that while al-Zaidi’s government targeted its political rivals, it also faced pressure from “Baghdad’s banker,” namely US Special Envoy Tom Barrack, who the report noted also faced accusations in the United States, but considered Barrack to be the model of the US mediator for power who understands where financial influence lies.

The report recalled the famous American bank robber Willie Sutton’s saying, when asked why he robbed banks, “Because that’s where the money is.”

According to the American Institute’s report, there is no doubt that international intelligence and financial monitoring mechanisms played a role in uncovering illicit financial networks in Iraq, as it is difficult to move piles of US dollars without leaving a trace, and it is possible that the US Treasury Department and financial tracking systems contributed to identifying suspicious transactions.

However, the report considered that the biggest challenge facing al-Zaydi is that corruption is embedded in the structure of the state itself, and that Iraq’s system is similar to the sectarian power-sharing system in Lebanon, explaining that this model was designed to prevent a recurrence of conflict by ensuring representation, but it has largely failed to achieve effective governance.

The report concluded by saying that ultimately, the question facing Iraq is whether al-Zaidi will become a Michael Corleone, a leader who consolidates his power by eliminating his rivals while leaving his allies untouched, or whether he will be a leader willing to challenge the entire system, including those at the top.

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AL-ZAIDI HEADS TO WASHINGTON CARRYING FILES ON THE ECONOMY AND WEAPONS IN A PIVOTAL VISIT TO THE WHITE HOUSE

All eyes are on the upcoming visit of Iraqi Prime Minister Ali al-Zaidi to the White House next week, in one of the most significant milestones in Iraqi-American relations in recent years.

This visit comes amid increasing pressure on Baghdad to address the issue of armed factions, coinciding with the Iraqi government’s efforts to expand economic and investment cooperation with the United States .

A report by Middle East Eye stated that “US President Donald Trump views Iraq from the perspective of economic and investment opportunities, while al-Zaidi seeks to capitalize on this trend to strengthen relations with Washington and gain the support of the US administration, which gives him more room to implement his government program, and at the forefront of his priorities is restricting weapons to the state and reorganizing Iraq’s regional relations .”

According to the report, “During his visit, Al-Zaidi will carry a package of economic agreements, including expanding the initial agreement with Chevron to develop one of the oil fields in Basra Governorate, in addition to increasing the investments of another American company in the Akaz gas field in Anbar Governorate .”

He added: “The visit’s agenda also includes the signing of an agreement to rehabilitate the Kirkuk-Banias pipeline, which connects Iraq to the Syrian coast, in a project that Washington sees as part of its plan to ensure the continued flow of energy supplies and reduce the impact of any disruptions in the Strait of Hormuz .”

He noted that “the US envoy to Syria and Iraq, Tom Barrack, is working to prepare initial understandings before al-Zaidi arrives in Washington, as part of a strategy aimed at expanding the presence of American companies and reducing Iranian economic influence within Iraq .”

The report noted that “the resumption by the United States of transferring Iraqi oil revenues deposited with the Federal Reserve in New York, days before the visit, has political dimensions that go beyond the financial aspect, and reflects Washington’s desire to open a new chapter of cooperation with Baghdad .”

He explained that “in contrast, the issue of armed factions will occupy a key position in the White House talks, as the US administration seeks to obtain clear Iraqi commitments regarding ending the influence of armed groups linked to Iran, and stopping attacks targeting US interests and the Gulf states .”

Al-Zaydi had given those factions until September 30 to hand over their weapons to the state, coinciding with the end of the international coalition’s mission in Iraq, but some of the main factions, including Kataib Hezbollah and Harakat al-Nujaba, still refuse to give up their weapons .

The report also addressed the anti-corruption campaign launched by the Iraqi government, considering that it “strengthened al-Zaidi’s position before the American administration, after it included prominent figures and officials, including those close to the previous government and figures associated with the Popular Mobilization Forces .”

The report concluded that “the success of the visit will not be measured by the number of economic agreements that will be signed, but rather by the ability of the Iraqi Prime Minister to convince Washington that his government is capable of implementing real reforms and making progress in the issue of restricting weapons to the state, while at the same time maintaining balance in Iraq’s regional relations.

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WARNINGS AGAINST CROSSING RED LINES DURING AL-ZAIDI’S VISIT TO WASHINGTON: “IRAQ IS NOT AN AMERICAN STATE.”

 
(Mnt Goat: It’s not an Iranian state either. Iran has already crossed the RED line.)

Jassim Mohammed Jaafar, a leader in the State of Law Coalition, confirmed on Saturday that Prime Minister Ali al-Zaidi’s visit to the United States should be primarily diplomatic.

Jaafar told Al-Maalomah that “the coordination framework should play a role in sending advisors with political experience and high negotiating ability to support the Prime Minister in confronting American political influence.”

He added that “al-Zaydi does not possess sufficient political depth,” calling for “learning from past experiences, especially the experience of former Prime Minister Nouri al-Maliki and the negotiating team at the time, who succeeded in imposing Iraq’s vision and demands during negotiations with the American side.”

Jaafar pointed out that “there are constants that al-Zaydi must not transgress, whatever the circumstances,” noting that “Iraq is not an American state to have dictates imposed upon it.”

He explained that “Iraq shares a border with Iran that extends for more than a thousand kilometers, in addition to its borders with Turkey and Syria,” indicating that “the nature of relations with these countries represents a strategic issue that affects the future of generations, and Iraq should determine it according to its national interests and without any external dictates.”

Jaafar stressed the necessity for Iraq to “retain its sovereign decision-making and not have decisions imposed upon it from Washington,” emphasizing that any “agreement with the American side must take into account the political, economic, and social realities of Iraq and safeguard its national interests.”

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THE WORLD BANK COMMENDS IRAQ’S STEPS IN MODERNIZING ITS PUBLIC BUDGET PREPARATION TOOLS.

On Tuesday, Deputy Minister of Finance Ali Karim met with a World Bank delegation headed by Samer Mata to discuss modernizing public financial management.

The Ministry of Finance stated in a press release received by the Video News Agency that the meeting reviewed the Ministry’s progress in transitioning from line-item budgeting to program and performance-based budgeting. This included preparing implementation documents and templates, and identifying requirements for developing systems, schedules, and electronic displays in the Budget and Accounting Departments. These improvements aim to support digital transformation and enhance oversight, governance, and the efficiency of public spending.

The statement added that the Ministry emphasizes the importance of the technical support provided by the World Bank in this process. It also stressed the need to form a specialized national team from within the Ministry to oversee implementation, train spending units, and ensure a gradual and effective transition to program and performance-based budgeting.

For its part, the World Bank delegation commended the Ministry of Finance’s steps in modernizing budget preparation tools and developing financial management systems. The delegation affirmed its readiness to provide the necessary technical expertise to support the project and establish more efficient and transparent modern financial practices.

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MORE THAN JUST PROTOCOL: RADICAL SHIFTS DRIVE AL-ZAIDI’S VISIT TO WASHINGTON THIS MONTH!

Introduction: Iraq stands at a new crossroads in the corridors of international diplomacy. Visits by heads of state are often dismissed as routine protocol procedures filled with forced smiles, but Iraqi Prime Minister Ali Zaidi’s visit to Washington in mid-July breaks this mold. In the aftermath of the “Iran 2026 War” and the fragility of the “Islamabad Memorandum,” Zaidi carries not merely investment requests, but a “sovereignty first” doctrine. It is a bold attempt to transform Iraq from a regional arena of attrition into a “vital hub” that neither Washington nor the global economy can ignore.

First: Hunting the “Big Fish” – When bullets and money speak, al-Zaidi’s journey didn’t begin in Washington, but rather in the streets of Baghdad on the still night of the 28th of last month. That night, counterterrorism forces shattered the status quo with swift raids targeting bastions of nepotism. This wasn’t a political “show,” but the first wave of the “50 Whales” list identified by the Supreme Sovereign Council for Integrity.

The operation resulted in the arrest of 47 high-ranking officials, including parliamentarians and governors, and the seizure of large sums of cash hidden in private safes. For al-Zaydi, this move was domestic “political suicide,” but in Washington, it was a strategic “credit card”; it was the only message capable of persuading the US Treasury to lift restrictions on Iraqi banks and translate promises of integrity into concrete reality.

“Al-Zaidi’s categorical refusal of a $200 million bribe from an oil tycoon has become the ‘founding statement’ of his administration, and the moral cornerstone with which he confronts skeptics in the White House, declaring the end of the era of ‘money for silence’.”

Second: The “OPEC Surprise” – Iraq brandishes its surplus weapon
in a high-stakes geopolitical poker game. Al-Zaidi holds a card that could redraw the global energy map: the threat to suspend Iraq’s membership in OPEC. This is not merely a threat to increase production; it is a carefully crafted pressure tactic to extract US recognition of the “Joint Energy and Development Fund.”

By threatening to pump 7 million barrels per day, al-Zaidi presents Washington with two equally unpalatable options: either engage in supporting the Iraqi infrastructure fund on favorable terms, or face an oil flood that could destabilize energy prices and traditional oil alliances. Al-Zaidi is not asking for aid; he is trading the stability of the global market for funding for the “new Iraq.”

Third: “Securing the Future” – Iraq as a Global Reserve Hub.
After the 2026 war exposed the vulnerability of the Strait of Hormuz, al-Zaidi proposes Iraq as a “global reserve hub” for energy, representing a geopolitical “insurance policy” for the West. The race here is not only economic but also a race against time, as Turkey is pushing for a new agreement for the Nord Stream pipeline by a deadline this month.
Through the “Development Road” and the Nord Stream pipelines, al-Zaidi seeks to create a reliable overland alternative, offering the United States three strategic advantages:

Neutralizing the Strait’s vulnerability: ensuring the flow of oil away from regional maritime threats. The return of the giants: providing security and political guarantees for American energy companies to return to work within a unified legal framework between Baghdad and Erbil. Lasting stability: transforming Iraq from a “corridor of wars” into a “lifeline” connecting the Gulf to Europe by land.

Fourth: The Technological Fortress – Sovereignty via Starlink and Blockchain.
Al-Zaidi understands that digitally compromised sovereignty is illusory. Therefore, his visit to Washington transcends traditional arms deals, reaching into the realm of “digital sovereignty.” The move towards Starlink and American cloud providers is not merely a technological luxury, but an attempt to decouple from regional fiber optic networks vulnerable to hacking and political blackmail.

In this context, the KBR-Nebras agreements stand out as a cornerstone for building a “technological fortress.” By combining KBR’s infrastructure expertise with a blockchain-based “government contract gateway,” al-Zaidi aims to render corruption technologically impossible. Here, technology not only combats corruption through legal means, but also makes data and contract manipulation a matter of pure programming imagination.

Fifth: The “Hard Stop” Date – The Moment of Truth on September 30.

The date of September 30 remains the shadow over all discussions; it is the date of the “Hard Stop” for all armed activities outside the authority of the state. Al-Zaidi is going to Washington to forge a unique bilateral security agreement: advanced air and intelligence support, without an “army on the ground.”

This gamble represents a “moment of confrontation” with the militias. Without effective American intelligence cover, the withdrawal could be interpreted as a “retreat” that opens the door for the rearming of the factions. Al-Zaidi seeks to secure a technical and security commitment that guarantees the state remains the only force permitted to bear arms, transforming military support from a “combat presence” into a smart “intelligence partnership.”

Conclusion: Can technology outpace inertia?
Ali al-Zaidi’s trip to Washington is the most ambitious attempt yet to transform the Islamabad Memorandum from a fragile, war-imposed truce into a lasting geopolitical and economic reality. Al-Zaidi is betting that individual integrity, bolstered by digital immunity, can break the deadlock of past decades.

As he sits in the Oval Office, the philosophical question facing Iraq’s future remains: Can technology and sovereign vigilance outpace the inertia of a long history of corruption and weapons, or will the powerful find a way to circumvent even blockchain technology? Iraq’s next decade is being written now in Washington, in ink of oil, digital sovereignty, and unwavering resolve.

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AL-ZAIDI FACES A TEST FROM THE “BIG PLAYERS”… WASHINGTON AWAITS PROOF OF SERIOUSNESS IN THE CORRUPTION AND WEAPONS FILES.

Approximately $300 billion has been smuggled out of Iraq.

 Before Prime Minister Ali al-Zaidi arrived in Washington in mid-July, Baghdad found itself facing a sensitive political test: the funeral of former Iranian Supreme Leader Ayatollah Ali Khamenei and several members of his family in Iraq.

(Mnt Goat: This event of the funeral ceremony could hurt the credibility of al-Zaidi in disposing of Iranian influence in Iraq. Why in hell did he allow it? “What was he thinking?)

The event, which was supposed to be a religious ceremony, quickly transformed into a political issue where the interests of Baghdad, Tehran, and Washington intersected, becoming one of the first hurdles before the anticipated meeting between al-Zaidi and US President Donald Trump.

Although the visit to the White House comes amid signs of improving relations between Baghdad and Washington, serious questions remain about al-Zaidi’s ability to implement the commitments outlined in the understandings reached between the two sides in what has become known as the “June Agreement.“

Conversely, observers believe that the Prime Minister made significant progress toward the US administration in the past week, after launching a broad campaign to prosecute officials accused of corruption—a move seen as an attempt to demonstrate seriousness in fulfilling the pledges made to Washington.

Iranian pressure and Iraqi hesitation:
A well-informed political source revealed that approving the holding of Khamenei’s funeral procession in Iraq on Wednesday was not an easy decision within the government. It was preceded by hesitant discussions before the scales tipped under Iranian pressure, supported by positions from forces within the coordination framework and armed factions.

The source, a member of parliament from one of the major Shiite parties, told Al-Mada on condition of anonymity that “Al-Zaidi realizes this issue could put him in an embarrassing position with Trump during his upcoming visit to Washington.”

According to information circulating in political circles, the funeral program has undergone a significant change. Baghdad has been removed from the schedule of ceremonies, which were initially planned for the city of Kadhimiya. The visit will now be limited to Najaf and Karbala, with the possibility that Al-Zaidi will receive the body of the Supreme Leader at Najaf Airport.

Estimates suggest that a large funeral procession in the capital might have turned into anti-American demonstrations, punctuated by chants and slogans targeting the US president, similar to the scenes witnessed during funeral processions in Iran.
US President Donald Trump had expressed clear interest in the funeral processions that began earlier in the week in Iran.

In a press statement, commenting on the scenes showing thousands of participants weeping during the ceremonies, Trump said he was surprised by the scale of the public reaction, adding, “Maybe those were fake tears.”

Iranian Foreign Minister Abbas Araqchi arrived in Baghdad for his first visit since the end of the last war in the region, coinciding with the launch of what has become known as “Operation Dawn,” which targeted members of parliament and officials accused of corruption last week.

According to leaks following the visit, Araqchi discussed the details of the funeral processions with Iraqi officials, while initial reports indicated that Baghdad would be one of the main stops for the event.

However, the Iraqi committee responsible for organizing the pilgrimage quickly denied this information, before the outlines of the new program, limited to Najaf and Karbala, became clear.

Religious rituals, not political calculations.
In contrast, former diplomat Ghazi Faisal offers a different interpretation of the matter. He believes that Washington, including President Trump, understands that the funeral of the former Iranian Supreme Leader is not an official function of the Iraqi government, but rather falls within the realm of religious and sectarian rituals.
Faisal told Al-Mada, “Al-Zaidi is concerned with running the government, while Khamenei’s funeral is part of religious tradition.” He added that Baghdad’s approval of holding the funeral ceremonies in Najaf and Karbala “is simply a response to religious traditions followed with religious figures, officials, or even ordinary citizens.”

Faisal points out that Trump himself announced a week’s grace period for Iran to complete the funeral ceremonies, out of respect for the occasion, without exerting pressure related to the negotiations between the two sides.
He believes that what transpired represents a “temporary truce” to allow for the conclusion of the ceremonies before the resumption of negotiations between Washington and Tehran.

The former diplomat concludes that the United States, as a multi-religious and multicultural country, generally views religious and sectarian diversity, and its associated rituals, with respect. This makes it unlikely that the funeral ceremonies, in themselves, will turn into a crisis in official relations between Baghdad and Washington, unless they are accompanied by political messages or stances that transcend their religious dimension.

How is al-Zaidi viewed in Washington now?
Regarding al-Zaidi’s image in the United States, Kato Saadallah, a researcher specializing in American affairs, believes that Washington still grants al-Zaidi an important political opportunity, but at the same time links the continuation of this support to his ability to implement genuine reforms.

Saadallah tells Al-Mada that the Prime Minister’s visit comes at the invitation of US President Donald Trump and coincides with the celebrations of the 250th anniversary of the founding of the United States. He adds that Trump will be attending the NATO summit in Ankara beforehand and will meet with al-Zaidi upon his return to Washington.

He points out that Trump had previously declared his support for al-Zaidi and the current government, a stance that granted Baghdad significant political leeway. However, according to Saadallah, this support will not be open-ended or unconditional.

He adds that the US president, through his envoy Tom Barrack, informed the Iraqi government of a set of priorities that must be addressed if Baghdad wants to maintain American backing. Saadallah identifies three main priorities . The first is ending the proliferation of weapons outside state control and disbanding militias and armed factions, thereby restoring the state’s monopoly on the use of force. The second priority is combating corruption, which, according to the researcher, is the issue Trump focuses on more than any other, based on the conviction that corruption is the gateway through which all other Iraqi crises stem. The third priority is halting the smuggling of hard currency and closing the channels that drain Iraq’s financial reserves and fuel financial networks linked to foreign entities. Is “Operation Dawn” enough? Saadallah believes that the recent campaign launched by al-Zaidi against a number of those accused of corruption represents an important step, but it still requires further evidence.

The question arises: Will this campaign be enough for al-Zaidi to take to Washington to convince the US administration, Congress, and American institutions that he has truly begun the fight against corruption, or will it be interpreted as a belated measure that falls short of addressing the challenges?

He believes the answer to this question will largely determine the nature of the American stance toward the Iraqi government in the coming period.
Congress describes al-Zaidi’s actions as a “farce”!
Despite the initial American welcome of the recent moves, Saadallah points out that there are still influential voices within Congress who view what is happening in Baghdad with skepticism.

He cites the position of Congressman Joe Wilson, who criticized al-Zaidi’s campaign, describing it as a mere “farce,” considering it not to represent a genuine confrontation with the system of corruption.
Saadallah notes that Wilson went even further when he published the names of prominent political figures, saying that any serious campaign should start with the “big fish,” and in his tweet, he mentioned Nouri al-Maliki, Hadi al-Amiri, and Qais al-Khazali.

The Washington test: Saadallah believes that the task awaiting al-Zaidi in Washington will not be easy. If he merely presents the measures taken during the past week, he is unlikely to gain full American support.

However, if he succeeds in convincing the US administration that he will return to Baghdad to complete a broad campaign targeting high-ranking officials accused of corruption, in parallel with practical steps to consolidate weapons under state control, the chances of continued US support will increase significantly.
He adds that the visit comes at a highly sensitive economic time, as Iraq faces a financial crisis due to the halt in oil exports during the recent war with Iran, making Baghdad more reliant on loans and international financial support.

He emphasizes that obtaining funding from the World Bank or major financial institutions will be much more difficult without US political backing, which gives the visit an importance that transcends its diplomatic dimension.
Will the Syrian experience be repeated?
Saadallah suggests that the nature of US support will become clearer after the visit, questioning whether Trump will deal with al-Zaidi in the same way he dealt with Syrian President Ahmed al-Sharaa, by linking support to a series of conditions and procedures.

He adds that if US support is indeed conditional, Baghdad will be required to demonstrate more decisive steps in the areas of combating corruption and disarmament, as these two issues will remain the primary benchmark for judging the government’s performance.
Observers view the visit as the culmination of understandings reached between al-Zaidi and US envoy Tom Barrack during Barrack’s visit to Baghdad last month, which has become known politically as the “June Settlement.”
This settlement includes containing Iranian influence and creating a broader environment for US investment in Iraq.

Meanwhile, former diplomat and head of the Iraqi Center for Strategic Studies, Ghazi Faisal, believes that the real battle facing Ali al-Zaidi’s government is combating corruption. He asserts that the government has begun pursuing money laundering, smuggling, and corruption networks, particularly in the oil and electricity sectors, in addition to tracking financial networks in neighboring countries and Europe, involving more than 264 defendants and their assets.

Faisal points out that the World Bank has previously reported that more than $300 billion has been smuggled out of Iraq, suggesting that dismantling these networks and recovering the funds could take seven years or more due to their ties to foreign banks and companies, and the integration of some of the money into the economies of other countries. Faisal calls for a comprehensive audit of state institutions’ accounts by international auditing firms.

He concludes that Washington understands the complexities of combating corruption in Iraq, but will view any real progress on this issue as the most important card al-Zaidi can play at the White House, because the government’s success will be measured by the tangible results it achieves in fighting corruption and recovering funds, not merely by launching campaigns.

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THE US REPRESENTATIVE IN IRAQ: THE TRUMP ADMINISTRATION SUPPORTS AL-ZAIDI TO “COLLECT WEAPONS” COMPLETELY AND QUICKLY.

The acting US ambassador to Iraq, Joshua Harris, confirmed that the US administration supports the government of Ali al-Zaidi’s vision for “monopolizing weapons,” and stressed that it looks forward to its “full implementation.”

Joshua Harris, the acting US ambassador to Baghdad, said in statements followed by “Ultra Iraq” that the US administration “believes that achieving full sovereignty for Iraq requires disarming all armed groups outside the authority of the state.”

Harris added that “their presence (the armed groups and factions) contradicts the aspirations of Iraqis for stability and peace,” stressing that the United States “supports the Iraqi government’s vision regarding the monopoly of weapons.” Harris affirmed that the US administration “looks forward to implementing the government’s vision for complete and rapid disarmament,” considering that “the continued activity of illegal armed groups undermines the chances of security and stability in Iraq and the region.”

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AL-ZAIDI FACES A TEST FROM THE “BIG PLAYERS”… WILL HIS CAMPAIGN CONVINCE WASHINGTON?

All eyes are on Prime Minister Ali al-Zaidi’s upcoming visit to Washington, amid American anticipation of the seriousness of his government in implementing fundamental reforms, foremost among them combating corruption and restricting weapons to the state. 

While the administration of US President Donald Trump describes these issues as a benchmark for continued support for Baghdad, observers believe that al-Zaidi faces a crucial test to prove his ability to move from launching campaigns to pursuing the “big fish” and achieving tangible results, according to Al-Mada newspaper .

The newspaper, in a report seen by Al-Sa’a Network, quoted its sources as saying that “Al-Zaydi realizes that the anti-corruption file will be one of the most sensitive files during his upcoming visit to Washington, and it may put him in an embarrassing position in front of US President Donald Trump if he does not bring with him clear indications of tangible progress .”

She added that “the funeral of the former Iranian leader is not part of the official work of the Iraqi government, but rather comes within the framework of religious and sectarian rituals,” stressing that “Al-Zaydi is concerned with managing the affairs of the government, while the funeral ceremonies fall within the religious traditions followed with religious or official figures, and that Baghdad’s approval to hold the ceremonies in Najaf and Karbala does not exceed this framework .”

She noted that “Trump gave Iran a week to complete the funeral ceremonies out of respect for the occasion, without exerting pressure related to the negotiations between Washington and Tehran,” considering that “what is happening represents a temporary truce before the resumption of the negotiating track between the two sides .”

She stated that “Washington is still giving al-Zaidi an important political opportunity, but it links the continuation of this support to his ability to implement real reforms,” ​​noting that “the Prime Minister’s visit comes at the invitation of Trump and coincides with the celebrations of the 250th anniversary of the founding of the United States, after the US President’s participation in the NATO summit in Ankara .”

She stressed that “American support for the Iraqi government is not open-ended or unconditional,” noting that “the American administration informed Baghdad, through its envoy Tom Barrack, of three main issues that represent a criterion for the continuation of this support .”

She explained that “the first priority is to restrict weapons to the state and end the phenomenon of weapons outside the framework of official institutions, while the second priority focuses on combating corruption, which Washington views as the main gateway to most of the crises that Iraq suffers from, and the third file relates to stopping the smuggling of hard currency and closing the channels that drain the Iraqi financial reserve .”

The report noted that “the recent campaign launched by the government against a number of those accused of corruption represents an important step, but it still needs greater evidence and results,” questioning whether “these measures will be sufficient to convince the US administration and Congress that Baghdad has indeed begun a serious battle against corruption, or whether they will be interpreted as belated measures that do not rise to the level of the challenges?”

He added that “merely presenting the measures taken in recent days may not be enough to gain full American conviction, while expanding the campaign to include the top corruption suspects, in parallel with practical steps to restrict weapons to the state, will enhance the chances of continued American support .”

He noted that “obtaining funding from the World Bank and major financial institutions will be more difficult without American political cover, which gives Al-Zaidi’s visit to Washington an importance that goes beyond its diplomatic dimension .”

He added that “the government will be required to show more decisive steps in the files of combating corruption and disarmament, because these two files will remain the basic standard for evaluating its performance during the next stage .”

He pointed out that “the government has begun pursuing money laundering, smuggling and corruption networks, especially in the oil and electricity sectors, in addition to tracking financial networks inside and outside Iraq that include more than 264 defendants, while the World Bank has previously spoken about the smuggling of more than $300 billion out of Iraq, which makes recovering the funds and dismantling these networks a process that may take years, and requires a comprehensive audit of the accounts of state institutions through international auditing firms .”

He added that “Washington is aware of the complexities of confronting corruption in Iraq, but it will view any real progress on this issue as the most important card that al-Zaidi can take to the White House, since the government’s success will be measured by the actual results in combating corruption and recovering funds, and not just by announcing campaigns or measures 

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VISIT TO WASHINGTON: AN ECONOMIC GAMBLE TO BOOST INVESTMENT

  All eyes are on the upcoming visit of Prime Minister Ali al-Zubaidi to the American capital, Washington, amid expectations that it will be an important step in strengthening economic relations between Iraq and the United States, and opening new horizons for foreign investments, especially in vital sectors that are relied upon to diversify the national economy and reduce dependence on oil revenues.

The visit also represents an important milestone in the course of Iraqi-American relations, as it holds opportunities to enhance political, economic, and security cooperation, in addition to raising national and humanitarian issues of concern to the various components of the Iraqi people. This is confirmed by MP Khalid Sido, a member of the Parliamentary Security and Defense Committee, in an interview with Al-Sabah newspaper, where he indicated that Al-Zidi’s anticipated visit to Washington represents an important opportunity to strengthen relations between Iraq and the United States, expressing his hope that its results will reflect positively on stability and economic development in Iraq.

Sido stressed the importance of the visit carrying a humanitarian message that confirms the state’s concern for all its components, emphasizing the need to address outstanding humanitarian issues.

He pointed out that the success of the visit should be measured by the gains it achieves for Iraq through the establishment of a genuine partnership based on respect for Iraqi sovereignty and non-interference in internal affairs, while preserving the independence of national decision-making. Sido indicated that Iraq possesses an important geographical location and great wealth that qualifies it to be an economic and strategic center in the region, expressing his hope that the visit will contribute to supporting security and stability and opening up broader horizons for economic and investment cooperation, which will reflect positively on the citizens and the Iraqi economy.

Furthermore, economic experts believe that the success of the visit will not be measured solely by the number of agreements that may be signed, but rather by Iraq’s ability to convey a clear message to American investors and decision-makers that the country now possesses a more receptive environment for investments, and that it is moving towards building long-term economic partnerships that achieve common interests.

Professor of International Economics, Dr. Nawwar Al-Saadi, affirms that the most prominent economic message that the Iraqi delegation should carry is that Iraq is no longer looking for relations based on aid, but rather seeks sustainable investment partnerships based on mutual benefit.

 Al-Saadi points out that Iraq has promising opportunities in the energy, gas, petrochemical, infrastructure, digital transformation, agriculture and manufacturing sectors, which are areas capable of generating rewarding returns for investors.

Al-Saadi adds to “Al-Sabah” that enhancing investor confidence requires providing clear messages regarding the continuation of economic reforms, improving the business environment, simplifying administrative procedures, enhancing governance and transparency, as well as protecting investments and continuing efforts to combat corruption, stressing that capital seeks first stability and legal guarantees before seeking profits.

The spokesperson added that it is also necessary to highlight Iraq’s orientations towards diversifying sources of income and expanding the role of the private sector, which would allow American companies the opportunity to enter as a partner in the development process, and not just as an implementer of projects. He pointed out that presenting a clear investment map supported by implementation mechanisms and legal guarantees will enhance the international community’s confidence in the Iraqi economy and open the door to quality investments that contribute to technology transfer, job creation, and economic growth.

For his part, economic researcher Ahmed Al-Ansari affirms that the Prime Minister’s visit to Washington represents an important opportunity to strengthen the economic partnership between Iraq and the United States, explaining that its success may contribute to attracting American and foreign investments to the energy, electricity, industry, infrastructure and technology sectors.

Al-Ansari adds that reaching economic understandings and agreements and sending reassuring messages to investors will enhance confidence in the Iraqi economy and encourage international companies to enter the local market, but he stressed at the same time that achieving these gains remains dependent on Iraq’s ability to improve the investment environment, consolidate stability, and accelerate economic and administrative reforms, in order to ensure that agreements are transformed into real productive projects that support economic diversification and provide new job opportunities.

Experts agree that the upcoming visit represents an opportunity to enhance Iraq’s economic standing regionally and internationally. However, its success requires following up on the implementation of any understandings and agreements that may result from it, and transforming them into tangible projects that contribute to achieving economic development, raise the level of confidence in the national economy, and support the government’s direction towards building a more diversified and stable economy.

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‘KEPPT’ APPOINTS J.P. MORGAN TO ARRANGE FINANCING OF ITS STRATEGIC US$1.6BN UREA PLANT IN IRAQ

 KAR Electrical Power Production Trading FZE (KEPPT)

London, July 07, 2026 (GLOBE NEWSWIRE) — KAR Electrical Power Plant Production Trading FZE (“KEPPT”) has engaged J.P. Morgan to arrange development financing for a landmark $1.6 billion urea plant in Basra, Iraq. The agreement marks a milestone for KEPPT and Iraq’s industrial and economic development. KEPPT will work with the bank to progress financing for the project in conjunction with several leading Export Credit Agencies.

The proposed KEPPT urea plant will be the second operating facility of its kind in Iraq, with planned annual production capacity of 1.15 million tonnes. Once operational, the plant is expected to reduce Iraq’s reliance on imported urea, ease price pressures in the domestic market, and support the country’s agricultural sector. Construction is scheduled to begin in 2027, with operations expected to commence in 2030. US Engineering group KBR Inc. has conducted the front-end engineering design study for the project.

The plant will use advanced equipment and technology to reduce environmental impact while producing a strategically critical infrastructure asset for Iraq. Beyond strengthening food security and agricultural productivity, the project aims to contribute significantly to local employment and stimulate economic growth in Basra.

Established in 2015, KEPPT is one of Iraq’s largest private investors, project developers and industrial operators. Led by CEO and Chairman Sheikh Mahmood Barznji, the company operates two major power plants in Basra and currently has more than 10 projects under development across agri-industrial, energy, power generation, transportation, banking and healthcare sectors. These projects represent more than $10 billion of investment in Iraq over the next five years.

Chairman Sheikh Mahmood Barznji commented, “We are delighted to welcome J.P. Morgan’s involvement in this landmark project, which represents an important vote of confidence in Iraq, in Basra, and in KEPPT’s long-term vision for the country. This urea plant has the potential to make a major contribution to Iraq’s future by strengthening our agricultural sector, reducing dependence on imports, creating local employment, and supporting broader economic diversification. We believe this project can become a model for major private-sector-led investment in Iraq and a catalyst for further international financing into strategically important national infrastructure.”

Laura Galvin, Global Head of Export and Agency Finance at J.P. Morgan, said, “We are pleased to be supporting KEPPT with what is one of the leading landmark infrastructure projects in Iraq. The KEPPT urea plant represents a significant opportunity to deliver long-term value for Iraq by developing new domestic production capacity, supporting food security and enabling greater institutional investor-led participation in critical infrastructure.”

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KRG TO END CASH SALARY PAYMENTS AS BANKING TRANSITION TO CONCLUDE BY AUGUST

 2026-07-08 | 15:15

The Kurdistan Regional Government will fully shift public-sector salary payments to the banking system after Aug. 31, ending cash payroll distribution for employees and pensioners covered by the MyAccount program.

The MyAccount project said Aug. 31 is the final deadline for beneficiaries to collect their bank cards from the banks where they opened their accounts. After that date, salaries will no longer be paid in cash, and beneficiaries who have not received their cards were urged to visit their designated banks.

The latest official figures show 862,168 public-sector salary recipients have registered with MyAccount and collected their bank cards, or 96% of all beneficiaries.

Registration rates vary by governorate. Erbil has registered 379,204 beneficiaries, or 99% of eligible recipients, and Duhok 188,164, also 99%. Halabja has registered 15,886, or 93%, and Sulaymaniyah 278,913, or 92%.

The announcement marks the final step in the KRG’s rollout of MyAccount, a program launched in 2023 to replace cash salary payments with direct deposits into personal bank accounts.

In May, the KRG said nearly 800,000 public-sector beneficiaries were receiving their salaries through MyAccount. At the time, officials reported more than 900,000 registrations, more than 800,000 bank cards issued and over 600 ATMs installed across the Kurdistan Region. The government said the ATM network would keep expanding as more beneficiaries join.

The program lets beneficiaries access their salaries through bank branches, ATMs and electronic banking services instead of collecting cash through the government’s previous payroll system.

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ONE EYE ON TRUMP… AND THE OTHER ON 7 FACTIONS THAT COULD IGNITE THE NIGHT IN BAGHDAD!

Al-Zaidi goes to Washington seeking investment, but armed groups reject him.

 
Baghdad is watching with concern the possibility of Iraqi factions becoming embroiled in a new round of confrontation between Washington and Tehran, through attacks on American sites and bases in the Gulf and the wider region.

Meanwhile, Prime Minister Ali Mohsen al-Ahmad was en route to Washington to meet with US President Donald Trump for the first time since assuming office in mid-May.
The trip carries with it the files of investment, energy, and corruption, but above all, it carries the most sensitive issue in Iraq: the weapons of armed groups and the future of Iranian influence.

Between the prime minister’s plane and the messages from the factions, Baghdad seems to be looking with one eye toward the White House, hoping for a new partnership, and with the other toward the missile stockpiles, fearing it will once again find itself at the heart of a proxy war.

Seven factions are under scrutiny, according to security and political sources who spoke to Al-Mada. Authorities have been monitoring the movements of a specific group of factions, numbering between seven and ten organizations, for several days. These groups are believed to be directly linked to the Iranian Revolutionary Guard.

Unannounced investigations are underway to determine whether some of these factions participated in attacks targeting American sites and bases in Bahrain, Kuwait, and Jordan.

While the information has not yet been confirmed, “the concern is sufficient,” according to one informed source. The sources do not rule out the involvement of these groups, which are now officially described in American circles as affiliated with the Iranian Revolutionary Guard, in broader attacks if Washington continues targeting Iranian sites.

According to these sources, “Every new American strike against Iran could push these factions to move from the observation phase to the engagement phase, which threatens to return Iraq to the heart of the regional confrontation.”

Yesterday, the US military announced the continuation of its strikes against “dozens of targets” in Iran, while the Iranian Revolutionary Guard announced targeting sites in Jordan, Bahrain, and Kuwait. Iraqi factions entered the regional war for the first time after the events of October 7, 2013. Iraq returned to intermittent ceasefires with US forces after suffering significant battlefield losses.

Al-Zaidi travels to Washington… and the factions reject the trip
. On the eve of the visit, the “Islamic Resistance” announced its initial rejection of the Prime Minister’s trip to the United States. Thus, it appeared that while al-Zaidi was heading to the White House, the factions were sending him a clear message: the partnership he seeks with Washington will not go unchallenged.

The armed groups considered the continued presence of US forces an “occupation” and reiterated their rejection of any broad economic partnership with Washington.
In a statement, the so-called “Islamic Resistance” in Iraq rejected the Iraqi government delegation’s trip to the United States at a time when “the American-Zionist war machine continues to commit massacres.”

It stated that the campaign to pursue corrupt officials does not grant the government a “blank check” for its other policies.
The “Islamic Resistance” reaffirmed its traditional position, considering the continued presence of US forces in Iraq an “occupation” and stating that one of the government’s priorities is to work towards ending it according to the announced timetable.

It also announced its rejection of expanding trade or signing contracts with Washington, warning against giving American companies an opportunity. “Exploiting Iraq’s resources.”

A heavy bag in the White House
As for al-Zaidi, he went to the American capital with a completely different vision.
In his article published in the Washington Post, the Prime Minister spoke of progress made in disarming a number of armed groups and integrating some of them into state institutions.

He said that his government, in less than 60 days, had made progress in disarming a large number of armed groups and had opened the door for integrating some of them into state institutions.

However, he also knows that the issue of weapons is only one of the weighty issues he carries with him to the White House. There is also Iranian influence, corruption, American investments, and the restructuring of the relationship between Baghdad and Washington after the end of the international coalition’s mission next September.

The Prime Minister considered that September 30, the date of the end of the coalition forces’ mission in Iraq, should mark the beginning of a new phase of ambitious partnership with the United States, not the end of the relationship between the two countries.

He said that his meeting with US President Donald Trump would focus on attracting American investments to Iraq and inviting major companies to contribute to developing infrastructure, the energy and industrial sectors, as well as technology and the digital economy.

An investment visit… or a trip to change the balance of power?
Al-Zaidi is accompanied by a delegation that includes ministers, officials, and businessmen.

He was accompanied by a large governmental, political, and economic delegation comprising 27 officials, including Foreign Minister Fuad Hussein, Finance Minister Faleh al-Sari, Oil Minister Basim Mohammed Khudair, Electricity Minister Ali Saadi Wahib, and Trade Minister Mustafa Nizar Jumaa.

The delegation also included the head of the Parliamentary Foreign Relations Committee, MP Amer al-Fayez, Central Bank Governor Nizar Nasser, and National Security Advisor Qasim al-Aboudi. According to sources close to the government, the delegation also included 32 businessmen, among them Issam al-Asadi, Khalil Buniya, Sardar al-Bayati, and Saad Issam al-Janabi.

Political circles believe that the Prime Minister is seeking unprecedented American support that would allow him to address files that, until recently, were considered taboo, whether related to corruption or the financing networks linked to factions.
In return, Washington makes no secret of its desire to see an Iraq less dependent on Tehran and more capable of monopolizing arms and decision-making.

In one aspect, al-Zaidi’s anti-corruption campaign at the end of June appeared to be an attempt to comply with US demands to cut off funding to the Iranian Revolutionary Guard, which Washington believes benefits from financial and commercial networks linked to some Iraqi factions.

At the same time, Baghdad needs new resources for its debt-ridden treasury, which explains its efforts to attract US investment and open the door to Gulf support, especially since al-Zaidi intends to visit Saudi Arabia after returning from Washington.
Last month, authorities arrested dozens of members of parliament and officials on corruption charges that surfaced after the arrest of Adnan al-Jumaili, the deputy oil minister.

Despite government claims of progress in the disarmament process, prominent factions, including Kataib Hezbollah, continue to refuse to surrender their arsenals.

Informed sources say that some groups have handed over older or limited quantities of weapons, while keeping their core ballistic missile capabilities outside any settlement.
This means that the state has not yet achieved a monopoly on force, and that any regional escalation could quickly plunge Iraq back into the cycle of violence.

Even the large funeral procession for the former Iranian Supreme Leader in Baghdad was interpreted in Washington as a reminder that Iran still wields considerable influence within Iraq, according to analysts.

The presence of weapons that do not recognize the state’s authority
is a significant factor. Former diplomat Ghazi Faisal believes that the political landscape in Iraq has entered a new phase. He tells Al-Mada that the recent “state administration” meeting, which included leaders of political forces, demonstrated a clear consensus on the priority of restricting weapons to the state, dismantling armed factions, and combating financial corruption.

He adds that the problem lies with the seven factions that US Secretary of State Marco Rubio described as “terrorist organizations,” which, in his estimation, are linked to the Iranian Revolutionary Guard and possess approximately 12 military bases, including Jurf al-Sakhr. He says that Jurf al-Sakhr houses factories for missiles and drones, as well as depots for heavy and light weapons, in addition to Revolutionary Guard advisors overseeing training, guidance, and coordination operations.

Faisal believes that the factions issuing statements in the name of the “Iraqi Islamic Resistance,” including Harakat al-Nujaba, Kataib Sayyid al-Shuhada, and Kataib Hezbollah, do not see themselves as part of the Iraqi state, but rather as part of a transnational ideological project led by Iran under the banner of “unity of the battlefields.”

He points out that the blows suffered by Iran and its allies in Gaza, Lebanon, and Yemen have not prompted these groups to reconsider their choices, because, as he describes it, they operate from ideological convictions that consider weapons a “divine mandate,” not merely a political tool open to negotiation.

He adds that the contradiction between the Iraqi state project and the project of these organizations will persist as long as the latter do not recognize the state’s monopoly on the use of force and align themselves with the doctrine of “Guardianship of the Islamic Jurist” and a regional project that transcends Iraq’s borders.

Faisal concludes that Iraq and the region will remain vulnerable to new rounds of tension and confrontation unless a radical transformation occurs in the structure and ideas of these groups, because, in his view, the conflict is not only about weapons, but about two opposing projects of state, authority, and political identity.

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AMERICAN NEWSPAPER: IRAQ AGREED TO BLOCK DOLLARS FROM REACHING IRAN AND FACTIONS IN ORDER TO RESUME CURRENCY SHIPMENTS.

The Wall Street Journal reported Wednesday evening that Iraq has agreed to new controls aimed at preventing the flow of dollars to Iran and its militia allies, in exchange for the Trump administration lifting a four-month suspension on shipments of US currency to Baghdad, according to what it quoted from US and Iraqi officials.

According to the newspaper report , which was followed by Shafaq News Agency, the US Treasury Department had stopped delivering banknotes in late February with the start of the war on Iran, depriving the government of Iraqi Prime Minister Ali al-Zaidi of much-needed cash liquidity from oil sales revenues deposited with the Federal Reserve Bank of New York.

With Iraqi oil exports almost completely halted due to the war, the US government exerted what the newspaper described as “enormous” pressure on Baghdad to reduce its ties with Tehran, which had used its neighbor as a major source of dollars in violation of US sanctions, according to the report.

The newspaper considered this move part of a broader effort by the US administration to urge Baghdad to move closer to Washington in the aftermath of the conflict.

Officials, as quoted by the newspaper, said that the Federal Reserve canceled at least two cash shipments on the instructions of the Treasury Department, one of which was worth nearly $500 million.

Deliveries of US dollars, aboard cargo planes chartered by the Iraqi government, resumed late last month, according to Iraqi officials. In return, Baghdad promised to take measures to prevent Iran and its allies from obtaining dollars from Iraqi exchange companies and from paying the salaries of members of pro-Iranian “militias,” according to the report.

A U.S. Treasury official said that shipments of U.S. dollars to Iraq have resumed after Baghdad committed to additional safeguards to prevent armed groups from exploiting the country’s financial system. The newspaper also quoted Iraqi government spokesman Haider al-Abudi as saying that financial transfers had resumed, but he declined to comment on the measures that Baghdad had agreed to restrict the dollar.

The terms agreed upon by Iraq were not previously disclosed. The New York Times had previously reported on the resumption of dollar shipments.

The Wall Street Journal noted that al-Zaidi, a little-known political figure who has never held office, is expected to meet with President Trump later this month in Washington.

She added that al-Zaidi was chosen by the elected Iraqi parliament as prime minister last May, after a long standoff between the United States and Iran over the selection of the country’s next leader.

The report confirmed that al-Zaidi received Trump’s endorsement despite owning a bank that the US Treasury Department had banned from dealing in dollars due to suspected dealings with an Iranian-linked militia leader. Iranian officials also publicly supported al-Zaidi’s selection, according to the report.

He added that the White House’s support came with a demand from al-Zaidi to exclude Iranian-backed militias from the next Iraqi government and reduce Tehran’s influence in Baghdad. Al-Zaidi also ordered these militias to disarm and place their members under state control, according to the newspaper.

But the American demands, according to the report, involve serious political risks for al-Zaydi, and progress in reducing the influence of the “militias” is slow, according to analysts. According to the report, previous Iraqi prime ministers have had little success in challenging the “militias,” which enjoy strong support in parliament.

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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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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?

GIVE A GIFT TO MNT GOAT

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

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

 Let’s all try to chip in!

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Proverbs 11:25

“A generous person will prosper;
whoever refreshes others will be refreshed.”

STATUS OF THE RV

FYI: It is the beginning of a new month. The Latest Mnt Goat Newsletter will only be published if my viewers support it. If you have not yet shown you appreciation, please try to help out. We are already down to one Newsletter a week due to non-participation by the majority of viewers.

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

I have the code all set for a register sign-on screen and a monthly subscriber fees but I do not want to go down this path. I have a heart too and care for the many who can’t afford it. I want to leave it an open blog to anyone and those that can afford a gift to help out each month. But let’s be real too. I know there are many who patrol my site and don’t contribute to it. They take my information and use it as theirs. I see it all the time. They even use my exact words.

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 27^th.

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“Great Destruction Is Coming For Your Enemies”

Go to 13:52 mark in video. From July 2^nd. 

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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a

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:

June 30, 2026 Mnt Goat News Brief

Guten Tag everyone:

Today’s news is fantastic news. No, there is no RV yet but if what is planned pans out we can soon see the beginning of the end to this RV saga. Pay attention to today’s news carefully.

GIVE A GIFT TO MNT GOAT

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

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

 Let’s all try to chip in!

____________________________________

Proverbs 11:25

“A generous person will prosper;
whoever refreshes others will be refreshed.”

STATUS OF THE RV

Glad everyone could join me today on my blog as we move into July. Welcome to July,,, well almost July, close enough.  

HAPPY 4TH of July in USA

FYI: It is the beginning of a new month. The Latest Mnt Goat Newsletter will only be published once a week due to non-participation of viewers. I can publish twice a week but why when no one seems to care anyhow. Do you even care about the TRUTH? I do, but I am asking if you do. I am not complaining only stating a fact. I put a lot of effort into this Newsletter. By now all readers should realize this is much bigger than just a currency reset. I must keep my sanity as I am already working 3-jobs, trying to keep the gasthaus open and research and write this Newsletter. I want to help with all the charlatans out there lying to you, but I need to know everyone appreciates me.

In Bavaria the romantic tourism is not what it used to be since COVID and then the heavy migration of illegals. If I am to work my jobs and I want to get paid for all of it. It is not that I am greedy or complaining by I know that there are people out there who actually appreciate all that I do but the rest just sneak in and peek. There are 20,000+ hits on my blog each Newsletter. So, do I matter or not? My audience will have to decide if you want the TRUTH or not.   

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Today I am going to take a VERY DEEP dive into what is going on in Iraq with disarming these militias, as well as a few other issues needing updates. This is a very detailed explanation from a couple articles that recently were published on this subject matter of disarming the militias. If you have been paying attention to my commentaries in the blog you can connect very nicely to what these articles are saying to what I have been telling you all along. I’d say I am pretty much ‘spot on’!

So, you want to know what is holding up the RV? I also want to add that the glass is half-full as my CBI contact has already told me once the SECURITY situation is taken care of, her committee has plans to roll out the lower denominations and move ahead again. Will this take until 2027? Your guess is as good as mine. But the good news is they are still planning it and always moving ahead while the GOI is playing catch up. There is a said deadline to disarm ALL the militias and arrest or deport the factions. This deadline is September 2026. Will it take this long? What we do know for a FACT is al-Zaidi is expected to present his plan to President Trump during his visit to Washington in mid-July.

I don’t want this Newsletter today to discourage you from this investment in the IQD. It is going to happen and it is in the plan for Iraq and part of the bigger RESET picture. These larger notes we hold are going to stay legal tender and used for inter-banking transactions of large amounts, when cash is needed. The CBI told us this many times. Many of you were not around then or did not tie into my blog. Glad you can now join us and learn the TRUTH.

Yes, upon our exchange, the US Treasury will document each notes and the will burn much of it that is not needed by the CBI, when collected. But to say what we hold will be in the same category as in Iraq is not true. Iraq will be dealt with much differently when they collect their large three zero notes and exchange them for the lower denominations. So, please let’s not get confused over the process. I have explained it many times, over and over again. The only part added to the process since 2011 is the addition of the concept of a digital dinar. I am told the digital dinar will replace the dollar for foreign exchange transactions. That is its initial main purpose. By the time the digital dinar is rolled out all over Iraq we will be long-gone out of this RV saga. Iraq will need a much more robust and secure electronic payment system to do so. So, this cannot happen until the repeg is completed, thus the reinstatement. The basic plan to get to the reinstatement comes directly from a 2011 conference held during Dr Shabibi’s time as the director of the CBI with the US treasury, the World Bank and the IMF.

We already have witnessed many pieces to the plan executed, so hang in a bit longer you won’t regret it. Yes, the plan has changed a bit, but Iraq must adapt as this is taking so long and technology changes over time. Only that we may see what we want later rather than sooner as most of these so-called idiotic intel gurus on the internet are telling you false timelines. If you are discouraged from my news today this is your fault for listening to them and their everyday / any day stories/lie of an RV and their other bullshit.

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So there always seems to be an ongoing saga of some sort in Iraq. I swear that these Arabic people must be out of their f__ken minds in the middle east. Let me explain. They have let the satanic darkness into their politics, and they are now paying the price. With the dark side it may always seem so nice while you are being tricked, then all hell really breaks out later. Iraq is now experiencing it.

That is the only conclusion I can come to after reading today’s news. Here they have the potential for Iraq to not only be one of the richest countries in the world, but the most compassionate too to provide for it’s citizens because of their wealth. God put that oil in the ground purposefully for this reason, not to use for terrorist destruction. But so far what have they done with all this wealth after 20+ years. They have barely made a dent in their economy as it is still a rentier economy at 90% revenues. Yes, after 20 years!!!!! After WWII, they rebuilt all of Europe in less than 10 years. Nobody is going to tell me that Satan in not at work in the middle east……

Iraq simply blew it because they are not strong enough to face up to Iranian influence in their country that is slowly destroying their country. As I mentioned before the largest mistake was letting Iran enter their country to fight ISIS and then worst letting them remain. Then if this was not bad enough, they put the militias on the payroll, while their own citizens suffer. Well folks, if the US decides to go the proverbial ‘nuclear’ option with Iraq perhaps this will wake them up…. finally. If they refuse to wake up to reality, we will be waiting a much longer time for the RV investment. Are they really that stupid to let this happen. We must continue to pray for Iraq as the darkness overshadows it and the light must come forth.

The Iraqi election saga of November 2025 seemed to quiet down and so another saga takes over. This time we watch the saga of disarming these Iranian-backed militias and factions. Will the new prime minister al-Zaidi be able to make a difference? So far this weekend’s crackdown on corruption may be a good sign. Or will the US be forced to take the ‘nuclear’ option to Iraqi. If this nuclear option is the path, of course it will delay the RV but I also have to say we would be waiting anyhow. At least this path we do move ahead, and it can result in the elimination of this security threat thus clearing the way for the RV. Once cleared, investors can flock into Iraq as part of Trump’s economic development plan for the region.

As you know way back last September, in a conversation with my contact in the Central Bank, she said that this Iranian issue would be the ‘stickiest’ issue of the five (5) issues to resolve since it has gone on way too long already and Iran is well seeded in Iraq. This issue has only been highlighted and has ONLY now become a major security threat and now is the time to end it. Here are the reasons why to fix this now and not later:

1)The infiltration of the terrorist organization called Hezbollah now inside the militia organizations. As you know Hezbollah does the dirty work for Iran and is it’s strongarm.  It is funded by Iran. It has been working in Syria, Lebanon and now inside Iraq;

2)The threat of these terrorists in Iraq against the US military as missile launches in recent years against US bases inside Iraq;

3)There is a new US president who is finally stepping up and challenging the Iranian Islamic Jahad revolution movement in the middle east. It is now even moving into the US through the Biden’s open border policy. It is time to end this onslaught of civilians in the name of Mohamad and cut the head off the snake. In this regard visits like what recently happened in Iraq in the article titled “ARAGHCHI CONGRATULATES ALI AL-ZAIDI AND THE NEW IRAQI CABINET” really gets my goat. Here we have Iranian Foreign Minister Abbas Araghchi arriving in Baghdad on Sunday for high-level meetings with senior Iraqi leadership. I quote – “While visiting he added that one of the primary aims of the visit is coordination with Iraqi authorities regarding the upcoming funeral processions of the late Supreme Leader Ayatollah Ali Khamenei”.

You got to be kidding me….. As we all know Khamenei, the ‘supreme’ leader of Iran was killed intentionally by the US to overthrow the leadership in the regime to bring them to their knees. Finally, a leader in the US willing to challenge them to this level. So, this funeral memorial totally under minds what the US is trying to do in the middle east. Are the Iraqis really that stupid to allow it? Why does Iraq even still recognize any leadership from Iran in their country never mind honor the head of an Islamic Jahad state that took over Iran by a forceful revolution and has been supporting terrorists efforts throughout the middle east and world over ? Can’t they see what is doing to their own country too? They are barking up the wrong tree and will only lose. Does this tell us just how well seeded Iran is already in Iraq. Sad to say but true! ☹

4)The US has elected president Trump who is the only recent president that has the guts to deal with this Islamic threat. Through the Abraham Accords, it outlines a peace plan for the middle east making economics a priority rather than terrorism. It focuses on shifting resources towards peaceful economic benefits for the civilian population and wealth growth through productive trading partners rather than leveraging another country’s wealth through ‘forceful taking’ and proxy occupied countries.

If you recall first there was Mark Savaya, US President Donald Trump’s envoy to Iraq (January 29^th 2026 Newsletter), then US General David Petraeus (May 21^st 2026 Newsletter) and now Tom Barrack also chosen as US President Donald Trump’s latest envoy to Iraq. What do they all have in common?

Their commonality is a common task to develop a plan to end the current formula for armed formations, most notably the Popular Mobilization Forces (PMF) militias and Hezbollah terrorists factions in Iraq. We no longer hear much about tSavaya or Petraeus plans which were not really plans at all to be orchestrated but rather forceful words delivered as threats from the US government. These threats were given during the election cycle with only a standby prime minister in place, al-Sudani. Now the election is over and someone has to work with the new elected prime minister to solve this problem. After the attempts by Savaya and Petraeus it appears the problem is going to be much harder than expected to resolve. So, Trump brings in the heavy hitter Tom Barrack. What is Barrack’s plan?

If you can take the time to read the article titled “THE BANKER OF BAGHDAD: HOW TOM BARRACK PLANS TO STARVE IRAN’S MILITIA MACHINE” you can get a real good idea of what has been going on with these militia and factions inside Iraq. If you only read one article from the many in today’s Articles Section, please let it be this one.

In the article we can see why the Trump administration considers the Iranian influence a threat to Iraq and US interests. I am not going to review the entire article as it is long article and you can go read it for yourself. I will address a couple points that you can go research for in the article upon reading the article.

1.What has Iraq been doing with the US Aid money is has been sending to Iraq? Is used to be 2 billion a month in cash of $100 bills. Then reduced to $500 million a month under Trump. I suspect this will probably stop shortly.

2.As Iraq has a hardship paying the salaries and retirements of its own population yet it can money launder and funnel billions over to Iran and even manages to pay salaries to the Iranian militias. Really? Then we read article like this one titled “THE COFFERS ARE EMPTY AND THE 2026 BUDGET IS BURIED… WILL IRAQIS ENTER A PHASE OF “TIGHTENING THEIR BELTS”? Oh… please spare me the tears Iraq…. ☹ Does this all sound crazy to you? Can Iraq even be trusted with all this oil revenue stream? Could they revert to a terrorist state? Can Trump prevent this? No wonder they can’t move their economy and attract investors after 20+ years of trying. Then other articles like “SALEH: IRAQ NEEDS A COMPREHENSIVE REVOLUTION IN ECONOMIC DIVERSIFICATION”. Folks, again it has been 20+ years already since the liberation of Iraq.

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In the article titled “THE TRUMP ADMINISTRATION SENDS A DECISIVE MESSAGE TO BAGHDAD: THE ERA OF AMBIGUITY REGARDING IRAN IS OVER.” Sounds like Trump means business…. We see “the administration of US President Donald Trump is no longer willing to accept the ambiguity of Iraq’s position through its rapprochement with Iran, as it believes that Baghdad should turn westward instead of eastward, and strengthen its friendship with the United States and the surrounding Arab countries. Washington now expects changes in government that will strengthen Iraqi sovereignty.”

Then again more about the Trump plan for Iraq in the article titled “IRAQ-U.S. TIES TO SHIFT FROM MILITARY COOPERATION TO ECONOMIC PARTNERSHIP, PM SAYS”

Al-Zaidi added that “Iraq’s relationship with the United States is entering a new phase, saying, “The relationship with the United States will shift from a military one to an economic partnership.”

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Did the Iraqi dinar really devalue last week?

Another issue that came forth in my last Newsletter dated June 23, 2026 was about the intentional devaluation of the Iraq dinar as they talked about increasing the value of the dollar in Iraq, which we all should know by now would undermind the dinar and thus cause a devaluation of it. So, did the CBI really devalue the dinar by announcing a new official rate of around 1650 from 1320 as many economists told us would happen? Or was is all just speculation and rumors?

😊 In an article today we learn from the CBI that is DID NOT devalue the dinar and thus did not change the official rate. See article titled “THE GOVERNMENT SETTLES THE DEBATE OVER THE DOLLAR EXCHANGE RATE.” When the CBI talks, I listen.

Government spokesman Haider al-Aboudi confirmed that “neither the government nor the central bank intends to change the exchange rate of the dollar against the Iraqi dinar”  . Al-Aboudi said in a televised interview followed by Al-Sa’a Network that “there is no intention to raise the exchange rate of the dollar against the Iraqi dinar,” indicating that “the monetary and financial policy between the government and the Central Bank is proceeding in an integrated and regular manner .”

We also find out in a recent article the rise in the dollar was temporary and will soon end it is titled “SALMANIYA CURRENCY MARKET: RUMORS BEHIND DOLLAR FLUCTUATIONS… WE EXPECT IT TO DECLINE THIS WEEK” So no worries! Again, I say we must caution our assumptions since we must remember the dinar is solely still pegged to the dollar and that is a large part of the problem for the dinar. Every little hiccup in the middle east causes the dollar to increase since it is still a strong, safe currency and everyone wants it, especially the terrorists.

The spokesman for the dollar market in Sulaymaniyah, Jabbar Goran, confirmed on Saturday that the fluctuation in the value of the Iraqi dinar against the dollar during the past few days was a result of the circulation of incorrect rumors, while he expected the exchange rate of the dinar to improve during the current week.

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😊 More good news in the article titled “CENTRAL BANK OF IRAQ: REINTEGRATION OF DOLLAR-DENOMINATED BANKS IS IN ITS FINAL STAGES”.

The Central Bank of Iraq confirmed on Monday that the process of reintegrating banks restricted from dealing in US dollars in foreign transfer operations has reached its final stages, while reiterating its commitment to meeting the demand for dollars in accordance with the approved regulations and standards.

The bank stated in a statement received by (Mawazin News) that it continues to implement its reform program in coordination with the relevant international institutions, with the aim of strengthening monetary and financial stability, developing the banking sector and raising its level of integration into the global financial system.

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Huge ongoing massive anti-corruption campaign in Iraq….finally!

Will they finally arrest Nouri al-Maliki too?

What is the Trump administration doing in the US in these terms of weeding out the corruption it is now forcing Iraq to do the same. No wonder, seems Trump is conducting the same type of campaign in Iraq using al-Zaidi. Could the FBI actually be involved to help? This is tricky to believe since the FBI is an internal US federal crime fighting agency not an international agency this might be an illegal use of federal funds. To me it would make more sense to see the CIA involved or perhaps just FBI trained advisors in Iraq.

If you haven’t already heard there is a sweeping anti-corruption campaign waging in Iraq. Some say is has the US FBI driven all over it? The title to the article is “IRAQ’S ANTI-CORRUPTION OPERATION WIDENS; IS FBI INVOLVED?”

The corruption campaign has targeted dozens of senior officials, but analysts and politicians remain divided over whether the crackdown will ultimately reach the country’s most powerful figures, with some arguing the operation has been driven in part by US pressure and financial oversight. A Rudaw analyst said the Federal Bureau of Investigation could be behind the raids. Boy, oh boy I sure wish they can go after Nouri al-Maliki for his crimes.

Yet another article on this topic is titled “MALIKI ENDORSES ANTI-CORRUPTION CAMPAIGN, URGES GOVERNMENT TO PRESS ON”. is this a joke or what? Of course, Maliki endorses it since his neck is already in the noose and he knows it. How he keeps surviving I don’t know. But Trump did put him in his place during the elections. Was this a first step in more things to come? What else can Maliki do but hope they don’t come after him. But will they? Let’s see what the article says that is most important. I quote from the article- “BAGHDAD — Former Prime Minister Nouri al-Maliki, head of the State of Law Coalition, endorsed the government’s anti-corruption campaign on Sunday, calling it a long-awaited step and urging authorities to continue “until the end.” Really? The end includes Maliki too. Let’s see what happens.

These are hypocritical, useless words by Maliki since he had 8 years to run his own campaign against corruption. Did he? This current situation in Iraq didn’t happen overnight. No wonder why Trump did not want him as the prime minister again. The peanut-head is included up to his neck in the corruption. He stole trillions from Iraq to Iran and for himself when he was in power. Again, he proves he moves with the way the wind is blowing. Of course, he still has high hopes of being prime minister again someday and so right now the wind is blowing in the direction of what al-Zaidi is doing and what the US wants. The overwhelming public support is also against him.

I quote again – “We affirm our support for you in establishing justice. Continue this mission until the end, as it is a step the Iraqi people have long awaited,” he wrote.  “We announce our full support for the measures taken by the government, in cooperation with the oversight and judicial authorities, as part of the national campaign to combat corruption and pursue those involved” I totally agree and this should include Maliki himself.

“The coalition said corruption had looted state funds, derailed vital projects, drained the country’s resources and deprived citizens of services, and called on authorities to hold accountable “everyone proven to be involved, without exception or discrimination.”

Yes, this accountability they are talking about should also include Nori al-Maliki for what he stole while prime minister and all his constitutional violations. Where is all this money? They must deal with him now or later. Must Iraq again go through yet another horror story for an election cycle? There are reasons why Iraq is in the mess it is in today and all fingers point to the 8 years of Maliki and his Iranian friends. Remember during his leadership ISIS entered Iraq and he asked Iran to come to help.

Again I quote – “It said the campaign “must continue until it fully achieves its objectives, foremost among them recovering all stolen funds to the state treasury and holding the corrupt accountable under the law, without any leniency, favoritism or political pressure.”

The statements followed a sweeping operation earlier Sunday that Iraqi authorities said led to the arrest of dozens of current and former officials. State media said the arrests were based on confessions by detained Deputy Oil Minister Adnan al-Jumaili, and that the 15 names released so far were the first group in a wider investigation it said involved 47 detainees whose identities would be released later.

Why is Maliki not on the list of those arrested? When will his turn come? Oh….but now he’s Mr Nice guy. He wasn’t like this during his term in office or during the election cycle. Remember he is also after al-Sudani and is trying to get him convicted. Remember al-Sudani will most likely be around for the next election too. Yes, Maliki’s competition.

Then yet another article showing more evidence of just how corrupt this smuggling network of Iraqi funds really is. It is titled “FROM BAGHDAD TO ANKARA: MONEY LAUNDERING NETWORKS FOR CORRUPT OFFICIALS IN IRAQ EXPOSED”. In it a Syrian source revealed on Sunday the existence of money smuggling networks operating between Iraq, Syria, and Turkey.

The source added that “Syrian figures close to Turkish-backed factions, such as the former Hamza Division (which was later integrated into the 76th Division, a unit of the de facto government’s Ministry of Defense), are also involved.” The source explained that “this division oversees the smuggling of funds from Iraq to Syria, and then their transfer to Turkey.”

I will conclude this section by adding a few questions. Wasn’t the idea of taking the dinar off of FOREX and then adding the three zero notes supposed to avoid smuggling of funds to terrorists? I guess it didn’t work and is still not working. Is it time to get off the sole peg to the dollar? How much longer must Iraq suffer with this sole peg? It is time to STOP the flow of US dollars to Iraq! Oh… but they can’t as long as they are on the sole peg to the US dollar. Get it? ☹  What comes first the chicken or the egg?
 

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What’s happening with the 2026 budget?

In the recent article titled “A YEAR WITHOUT A BUDGET… AND THE GOVERNMENT IS BANKING ON COMPREHENSIVE FINANCIAL REFORMS IN 2027” we learn that Iraq WILL NOT have a budget for 2026 and why.

In a new indication of the complexities of the financial and administrative landscape, attention is turning to the 2027 budget after the chances of approving the 2026 budget declined, as a result of the delay in completing the formation of the government and the continued vacancy in a number of key ministries.

On Thursday, Hussein Al-Darraji, a member of the Parliamentary Finance Committee, “ruled out the possibility of the government finalizing the current year’s budget within the required constitutional and administrative timeframes. He emphasized that the remaining time in the year is insufficient to prepare a comprehensive draft and present it to the Council of Representatives for approval.”

Al-Darraji explained that “the government is effectively moving toward preparing the 2027 budget, anticipating that the draft will be sent to Parliament this coming October or November, in preparation for debate and approval prior to the start of the new fiscal year.”

All I can say is I told you so!

This is all exactly what I said in my last Newsletter when I talked about the 2026 budget. If you are still sticking to some notion that the new RV rate is in the budget tables you are a crazy person. Again, I tell you the budgets are calculated on the price of oil not the rate of the dinar, especially since the dinar is still not on FOREX and most likely will not be there even this year. Just look at the facts in today’s Newsletter. How can any sane person believe they would move the dinar back to FOREX in the midst of what is going with the disarming of the militias and the factions inside Iraq and the Iranina conflict. Hey….. I got news for you these are the reasons they took it off of FOREX to begin with. Get it?  

Yet another article to show you just how intricate this network of smuggling Iraqi oil revenue funds really is. It is titled “FROM BAGHDAD TO ANKARA: MONEY LAUNDERING NETWORKS FOR CORRUPT OFFICIALS IN IRAQ EXPOSED” A Syrian source revealed on Sunday the existence of money smuggling networks operating between Iraq, Syria, and Turkey.

The source told the Information Agency: “There is a money smuggling network managed by Syrian figures. Smuggled funds are transferred to certain Iraqi political figures accused of corruption, including individuals close to Sarmad al-Khanjar, son of the head of the Sovereignty Alliance, and Mohammed al-Halbousi, head of the Progress Party, as well as other figures associated with Muthanna al-Samarrai.” The source
added that “Syrian figures close to Turkish-backed factions, such as the former Hamza Division (which was later integrated into the 76th Division, a unit of the de facto government’s Ministry of Defense), are also involved.” The source explained that “this division oversees the smuggling of funds from Iraq to Syria, and then their transfer to Turkey.”

He confirmed that “the mastermind behind this network is a Syrian man residing in the Aleppo countryside and close to Turkey, named Abdul Rahman al-Mawali,” explaining that “this network works to smuggle millions of dollars for corrupt figures linked to corruption cases in Iraq, depositing them in Turkish banks under the names of Syrians.”

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Can Iraq bypass the Straight of Hormoz and continue exporting oil?

He added, “The dispute over oil exports in 2014 ended after the recent rulings of the Paris Court, and therefore, the oil pipeline running from Kurdistan to Turkey has the capacity to export one million barrels per day.”

He explained that “there are greater advantages to exporting via the pipeline, as transportation costs will be lower than exporting by sea, in addition to generating double the revenues after the rise in oil prices, as well as avoiding the repercussions of recent developments in the region regarding exports by sea.”

In a recent article titled “IRAQ IS CONSIDERING WITHDRAWING FROM OPEC AND IS MOVING TOWARDS INCREASING ITS OIL EXPORTS INDEPENDENTLY” the  

Government sources revealed on Wednesday that Iraq is considering a proposal to increase its oil exports outside of OPEC regulations to compensate for the shortfall that occurred during the war. Sources told Shafaq News Agency that “Iraq is studying the repercussions and consequences of exceeding the oil production ceiling set by OPEC due to the oversupply of crude oil and the impact of this on the buying and selling price.”

A question that arises in my mind is always who determines the price of oil on the open market? Then if the US is in-fact now oil independent why does it now create its own oil market and pricing? This could bring down the price of gas at the pumps significantly. Also the gas tax should be abolished in all states as gasolene has become one of these  essential items. Try living without it. Do the oil companies have such a hold on the oil market that this is impossible to do?

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Let’s keep our prayers alive. There is a deep spiritual dimension at work today bringing about this reset. I believe we are closer than ever for the dinar to get reinstated. But first things first. Part of the mess in the US must be cleaned up too. Then certain laws in Iraq must be passed. Certainly, reviving the economy to at least 45%-50% non-oil revenues could make a huge difference for Iraq and the IMF. Let’s also let the Abraham Accords take effect as more Arab countries join in. By now everyone should be fully aware of these events that caused delays in the currency reform process. This is not rocket science to understand. We are not in control over these obstacles. We need to STOP spreading rumors and over speculating.

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

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

                                             Just the FACTS!

                                         

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

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

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

Prophetic Words from the prophets:  Julie Green

“Your Election System Is Being Purged And Completely Changed ”

Go to the 15:37 mark in video for the prophecy. From June 20^th.  

This is a time when more politicians will die. God will take this nation by surprise. The ‘angel of death’ is coming again to those who refuse to obey. Many of the old guard politicians will pass away and there will be younger ones too. It is time for them to pay for their crimes and time for many removals.

I don’t know about you but this prophecy today is shocking to me. The angel of death is coming again just like in biblical times of the exodus? We have been promised these prophetic events many times already in the past. Do you remember? So these events are close at hand. The November elections are only four (4) months away so I don’t think we are going to wait very long for the fulfillment of these prophecies.

About Iraq:

Remember God is the same God in the U.S. as He is in the middle east. So, He is going to fulfill his promises in his past prophetic words for Iraq too. Only the axis of satanic portals must be closed in the middle east first, as they prevailed way too long already. What did God promise us? He promised a big change in the Iraq dinar and the Iranian rial. I know it may seem impossible at this time. Are you listening to me? I presented the Kim Clement prophecies to you. These are VERY powerful words given more than a decade ago. Where is your faith? Why do so many of you doubt God? Just look at how God effected the Iraq elections and when for over 4 months we all though Iraq was going to the dogs again with Nouri al-Maliki, suddenly He switched it all around. Remember the new prime minister Al-Zaidi has until mid-July 2026 to clean up the Iranian militias and factions, not years. This is a condition of his visit to Washington DC. Didn’t you read the news I presented even? Is the glass half empty or half full?

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“Your Enemies Plans To Depopulate The Earth Is Being Stopped ”

Go to the 14:55 mark in video for the prophecy. From June  21^st

PERSPECTIVES ON THE IRAQI DINAR PROPHECIES

   

Fr. DON BOSCO EXPOSED THE DARK SECRET BEHIND ISLAM

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

THE 100 YEAR HISTORY OF ‘WOKENESS’ (IN 15 MINUTES) 

JUSTICE COULD BE ON ITS WAY…..FINALLY. WHO’S NEXT?

This is just one of thousands of the corrupt that need to meet the hand of justice in the US. Do you see what is now going on in Iraq?

THE ‘COMMI CORRIDOR’

THIS IS NO JOKE. When will the democrats wake up and pull away from these so-called democrat socialists communists who have hijacked the party. They are ruining their party. When will they take back their democrat party?

How much longer is God going to let this continue? Are there lessons to be learned from all this foolishness? Sometimes God let’s this go on so we can later learn who these people are as they expose themselves more and more. Trust me, there is going to be a house-cleaning of these socialists. Do you know what house-cleaning is? It’s taking out the garbage…..

Connecticut’s own DELAURO INSANITY STRIKES AGAIN…..

As soon as the cameras are on her, its show and tell time….I think it’s time for a change in leadership in Connecticut. I’m not sure this woman is mentally stable as she is pandering for the TV cameras. This is why we need TERM LIMITS.

‘SAVE AMERICA ACT’ ABOUT TO CROSS THE FINISH LINE.

Rep. Tom Cole, R-Okla., joins ‘Mornings with Maria’ to discuss the fight to advance President Donald Trump’s SAVE America Act, government funding, defense spending and the risk of an election-year shutdown.

ARE TERROR CELLS ALREADY WORKING IN THE US?

Who are these people planning these terrorist strikes?

WESTERN CULTURE: ARE WE BEING TOLD THE TRUTH OF WHAT’S HAPPENING IN IRAN BY THE MAJOR NEWS MEDIA CHANNELS?

Never-Before-Seen Footage of Massive Anti-Regime Protests Across Iran happening right now. the Islamic Republic has attempted to control the narrative through censorship, intimidation, internet shutdowns, and information warfare. But despite those efforts, Iranians continue to find ways to communicate with the world. Now, with internet access restored, footage that was previously inaccessible is finally emerging.

GLOBALISM MUST DIE. WHY?

This is part of my Awakening Series of presentations. If we investors are truly concerned about when the RV is going to happen on these currencies as part of the reset we should pay attention to what Kokinda is telling us. As I have been telling you it is much deeper. The end result of the process is freeing Iraq and until this is able to happen we will not see what we are looking for. I totally agree this RV should have happened in 2013 and so why not since then even? So, who or what is behind the scenes has a hold on Iraq? Can the Trump administration break his hold?

I want to add that if you remember the banking crash under the housing crisis many more banks would have folded had it not been for the infusion of dark cash into the system from the drug cartels. This legitimized their illegal money that normally would take much longer to launder. I believe there is going to be yet another huge banking crash. Finance experts keep telling this it is inevitable soon. But this time the infusion of cash is going to be more legitimate sources and much of it coming from the currency reset part of the process. Many experts keep telling us the system must first crash then to be rebuilt again under more sound practices to save it. For those of you who are military you might remember how the boot camp initiation first breaks you down, then slowly builds you back up to the image of soldier that they want. This same thing is going to happen to the global banking system. There will have to be a financial war against the globalist who have it too good for all too long. By globalist I mean the IMF, World Bank, Central Banking system, the United Nations, etc. This financial war has already begun and so we see it in the US Federal Reserve system and the changes that are going to take place. Then we see it in the oil industry and this one is about to get hit very hard, as new sources of energy, i.e. mini nuclear reactors, are about to take the scene. Eventually this charter with the Feds will be revoked and the US Treasury will take it over completely again, as it should have been all along.

We should all listen carefully to Kokinda, especially young adults in college or just coming into the workforce. I think it will open your eyes to the real fight that is going on under Trump and who is actually behind most the narratives they are pushing out. As an awakened person can clearly see, this war with Iran was not a usual war. Trump is not empire building. He is crashing the terrorism and drug cartels along with the nuclear ambitions of a terrorist Islamic Jhad state of Iran. I will add this is not an easy task and we can criticize Rubio and Trump. We listen to ignorant news idiots who screw with our rational minds. But we must remember a war is won with battles but it is the overall outcome that matters the most.

Many of my readers may look at the headline for this video and ask why is globalism so bad. If you are asking this question, you surely do not understand what the global elites are trying to do to the world and the sovereignty of our nations. On the surface we can define ‘globalization as follows: the process by which businesses or other organizations develop international influence or start operating on an international scale.

But this is not what the global elitist have in mind when they use this term. They try to convince you it is. Sounds simple, sounds all good. There is nothing wrong with global trade, but is it fair. There is nothing wrong with immigration but unvetted open borders does not work. Food and manufacturing quotas and mandates do not work. Socialism taking money from those who work hard and earn it, only to give it to the poor that does not work. So, we can see this goes much deeper.

Unfortunately, there is a notorious factor when you take the desires and dreams of the citizens of a nation out of the equation. Their intent is really to build a ‘One World Government’ system owned and operated by the elitist. They decide everything aspect of your life. It is pure imperialism masked by a group of convenient narratives to convince you it is all so good.

Yes, they decide all aspects of what happens in the world as they claim they know best. Well… we don’t have to go much further than to look what happened during the Covid pandemic, the Diversity, Equity and Inclusion (DEA) four years of the Biden administration and then the unchecked massive immigration and open borders. Also, we need to study the Central Banking System, the IMF or the World Bank and who they serve. They do not serve the nations they claim to work for but rather the global banking cartel.

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.

THE BANKER OF BAGHDAD: HOW TOM BARRACK PLANS TO STARVE IRAN’S MILITIA MACHINE

Washington has found a weapon more precise than any cruise missile — the routing number of the Federal Reserve Bank of New York

When President Donald Trump announced on 31 May that Tom Barrack would serve simultaneously as US Ambassador to Ankara, Special Presidential Envoy to Syria, and now Special Presidential Envoy to Iraq, the diplomatic community in Baghdad greeted the news with the mild interest one accords a routine reshuffling. They were wrong. Barrack is not arriving in the Iraqi capital with a briefing book and a handshake. He is arriving with a vault key — and the vault holds Baghdad’s oxygen.

Read this slowly and carefully —–>

Since 2003, Iraq’s hydrocarbon revenues have been deposited into a dedicated account at the Federal Reserve Bank of New York. When Baghdad needs hard currency, the Treasury arranges for physical dollar banknotes — sometimes as much as $13 billion in a single year — to be flown on cargo planes from New Jersey to the Central Bank of Iraq. It is an arrangement born of post-invasion necessity, designed to shield Iraq’s new government from Saddam-era creditors and reparation claims. It has since become something else entirely: the master switch of Iraqi political economy, controlled from lower Manhattan.

In April, the Trump administration quietly demonstrated just how absolute that control is. The Treasury blocked a cargo-plane delivery of nearly $500 million in US banknotes — proceeds from Iraqi oil sales — and simultaneously suspended security cooperation programs with the Iraqi military.

 A senior Kurdish official, speaking to Fox News, offered the most frank assessment heard in months: “The dollar pause is the nuclear option in the Treasury Department’s arsenal, and the Americans have always been reluctant to leverage it.”  Barrack’s appointment signals that the reluctance is over.

“The balance of power around which the United States operates works best when allies become more self-reliant and share the burden — always within a framework that preserves American influence, stability, and alignment with core US interests.” — Tom Barrack, Special Presidential Envoy for Syria and Iraq, June 2026.

To understand what Barrack is up against, one must first understand the architecture of Iran’s position in Iraq, because it is not a foreign occupation in any conventional sense. It is an inside job. The Popular Mobilization Forces (PMF), an umbrella of some 238,000 fighters drawing $3.6 billion in annual state funding, was enshrined into Iraqi law in 2016 under Law No. 40. Its most powerful components — Kataib Hezbollah, Asa’ib Ahl al-Haq, Harakat Hezbollah al-Nujaba — were IRGC-Quds Force proxy formations long before they were absorbed into the Iraqi state payroll. In Tehran’s strategic calculus, the PMF is the Hezbollah model, replicated on a state budget.

“Tom Barrack, who has done an outstanding job, will advance our strategic cooperation with the Governments of Syria and Iraq. Our relationship with them continues to grow!”

— President Donald J. Trump, Truth Social, 31 May, 2026

The money trail, painstakingly documented by the Foundation for Defense of Democracies, is darning: the state-owned Rafidain Bank, a downstream distributor of oil revenues held at the New York Fed, was disbursing dollar-converted wages directly to PMF militia fighters until mid-2025. When US Treasury pressure forced Rafidain from processing those payrolls, the PMF simply migrated its salary mechanism to a smaller state-owned lender, Al-Nahrain Islamic Bank — shifting the problem rather than solving it.

Worse, multiple Treasury sanctions between 2024 and 2026 traced diverted Iraqi dollar-auction proceeds through fronts linked to IRGC financiers and networks procuring components for Shahed drones and Iranian ballistic missiles. Washington, in the most literal sense, has been subsidizing its own adversaries.

The war on Iran: Through the lenses of pragmatism and realpolitik:

In Tehran, IRGC commanders have understood precisely what is at stake. According to reporting by Critical Threats, senior IRGC officials briefed President Masoud Pezeshkian that US and Israeli military pressure on Iran had paradoxically unified the population behind the regime, framing the entire confrontation, Iraq included, as a civilizational struggle rather than a policy dispute. That framing serves a purpose: it raises the psychological cost of compliance for PMF factions, as it can be recast as ideological betrayal. In this sense, the IRGC’s most effective weapon in Iraq is not a drone — it is a narrative.

“The United States provides Iraq with more than counterterrorism aid annually, yet instead of using these funds to constrain Iran-backed terrorist organizations, the arrangement has at times channeled resources toward the very groups Washington designates as threats. The choice for Baghdad is simple: reclaim sovereignty from IRGC influence, or lose the financial and military support that sustains the current system.” — Washington Institute for Near East Policy, April 2026.

Barrack is no career diplomat, and that is almost certainly the point. He is a private equity dealmaker who described Iraq, in an unguarded moment, as a “failed political experiment” — and Lebanon as “a farce.”  Translated into policy, those are not insults but diagnostics: Washington no longer views Iraq as a political negotiating partner to be flattered, but as a malfunctioning security file to be restructured. His instrument of choice is the one he knows best — leverage. And the leverage is staggering. Oil export revenues fund an estimated 90 percent of the Iraqi government budget. A prolonged dollar shortage would not merely inconvenience Baghdad’s ministries; it would ignite inflation, destabilize the Iraqi dinar, and hollow out the very state salaries that keep the PMF nominally loyal to Baghdad rather than exclusively to Tehran.

There are early signs the strategy is drawing blood — or at least a strategic retreat. In late May and early June 2026, Muqtada al-Sadr dissolved his Saraya al-Salam militia, and Asa’ib Ahl al-Haq and Kataib Imam Ali announced they would hand their weapons over to state control. Barrack’s response on X was carefully calibrated — congratulatory but conditional. He told Iraqi Prime Minister Ali Falih al-Zaidi that the move represents the “nascent foundation for renewed Iraqi self-governance” — and then added the pointed rider: “Prime Minister Al Zaidi’s confidence is well-placed, for this marks only the beginning.” The subtext was unmistakable: the dollar tap remains in American hands.

But the hardest cases remain unmoved. Kataib Hezbollah and Harakat Hezbollah al-Nujaba — the formations most directly under IRGC command — have declined to disarm.  The Middle East Forum has warned that what appears to be a militia shake-up may in fact be an Iranian adaptation: superficial compliance by manageable factions, preservation of the core command-and-control network. On 17 April, the Treasury designated seven senior commanders across four Iran-backed groups for attacks on US personnel — a signal that financial and kinetic pressure will run in parallel. The US conducted 138 strikes inside Iraq in April alone, killing 73 PMF members.

Tom Barrack enters Iraq carrying three portfolios — Ankara, Damascus, Baghdad — and one overarching thesis: that the architecture of Iranian influence in Iraq runs on American dollars, and that architecture can be disassembled the same way it was built, through the banking system. Lebanon took decades and a catastrophic financial collapse before Hezbollah’s model showed its limits. Iraq, with its oil revenues hostage to a New York account number, may face a compressed timeline. The barista who once claimed he was merely “bringing temperatures down and logic back together” in Kurdistan oil negotiations has a different mandate now. He holds the purse. And in Baghdad, the purse is the power.

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WHY ARE INVESTORS HESITANT? AN EXPERT REVEALS THE OBSTACLES HINDERING THE INVESTMENT BOOM IN IRAQ.

Economic expert Saleh al-Khafaji asserted on Friday (June 26, 2026) that “several key factors are preventing Iraq from achieving a genuine leap in foreign investment, despite the availability of vast and diverse opportunities.”

Speaking to Baghdad Today, al-Khafaji stated, “Iraq boasts promising investment opportunities across multiple sectors, not limited to the energy sector (oil and gas), but extending to housing, industry, and agriculture. Furthermore, its strategic geographic location could contribute to the development of industrial and pharmaceutical sectors capable of exporting to the Middle East.”

He added, “While the initial foundations for attracting investment are present, several factors are discouraging many companies and investors from entering the Iraqi market. These include bureaucratic procedures, the pervasive corruption that hinders any progress in this direction, and the nature of the political disputes and problems that arise periodically.”

Al-Khafaji pointed out that “capital needs a stable and calm environment with all the necessary support, especially regarding the banking infrastructure.” He explained that “the banking environment in Iraq is still lagging behind other countries in terms of developing its operational mechanisms, which requires serious attention to this issue.”

He clarified that “the factors for attracting investment and achieving a real leap in foreign investment are numerous and interconnected. Despite this, some companies and investors have taken the plunge and achieved successes, but these remain contingent on patience and navigating the existing complexities and problems.”

Al-Khafaji emphasized that “the most significant obstacles to investment are corruption and the bureaucratic hurdles imposed by some corrupt individuals within institutions to extort money in exchange for granting approvals.” He noted that “many investors complain about these practices, which necessitates finding mechanisms to facilitate their work and send genuine reassurances.”

The economic expert concluded by stressing that “the volume of foreign investment in Iraq is substantial, but more than 90% of it is concentrated in specific sectors, primarily the energy sector. This necessitates diversifying the investment environment and attracting capital to other sectors.”

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CENTRAL BANK OF IRAQ: REINTEGRATION OF DOLLAR-DENOMINATED BANKS IS IN ITS FINAL STAGES

The Central Bank of Iraq confirmed on Monday that the process of reintegrating banks restricted from dealing in US dollars in foreign transfer operations has reached its final stages, while reiterating its commitment to meeting the demand for dollars in accordance with the approved regulations and standards.

The bank stated in a statement received by (Mawazin News) that it continues to implement its reform program in coordination with the relevant international institutions, with the aim of strengthening monetary and financial stability, developing the banking sector and raising its level of integration into the global financial system.

He explained that “the bank has completed the requirements and procedures for reintegrating a number of dollar-denominated banks into foreign currency transfer operations, after they met the reform conditions and regulatory and technical standards, in addition to strengthening anti-money laundering and counter-terrorism financing measures.” He indicated that the process has entered its final stages in preparation for a gradual and organized reintegration. He added that “the bank has also completed the technical and procedural requirements for raising the limits on electronic payment cards for the corporate and business sectors, in a step aimed at expanding digital financial services and enhancing financial inclusion.”

Regarding the currency market, the Central Bank affirmed its commitment to meeting the demand for US dollars and covering the legitimate needs of the public and private sectors, relying on strong foreign reserves and effective monetary tools, while fully adhering to compliance standards and anti-money laundering and counter-terrorism financing measures. The bank stressed that “these measures are part of a comprehensive reform program aimed at strengthening confidence in the Iraqi banking sector, supporting financial and monetary stability, and contributing to achieving sustainable economic development.”

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EXPERTS: THE RISE IN THE DOLLAR IS TEMPORARY AND THE MARKET IS ON ITS WAY TO STABILITY.

  

The parallel market has witnessed a significant rise in the dollar exchange rate in recent days, with the price exceeding 157,000 dinars per 100 dollars, amid anticipation in economic and commercial circles regarding the repercussions of recent regional developments and their impact on the movement of local markets.

This rise comes at a time when economic and financial experts confirm that the factors behind the increase in the dollar’s price are not related to official decisions concerning monetary policy or the exchange rate adopted by the state, but rather are due to a combination of speculation, rumors, and regional developments that have led to an increase in demand for foreign currency in the parallel market.

Experts believe that Iraqi markets are directly affected by political and security events in the region, particularly those related to international trade and energy markets. This, in turn, impacts the behavior of traders, importers, and currency speculators. Financial and banking expert Dr. Mustafa Hantoush stated that the current rise in the dollar exchange rate is primarily due to speculation and rumors circulating about a possible adjustment to the official exchange rate in the near future. Hantoush explained that the circulation of such news, despite its lack of basis in official decisions or indicators, has prompted some traders and speculators to increase their dollar purchases in anticipation of future changes. This has led to increased demand in the parallel market and contributed to rising prices.

He added that these practices have negative repercussions on the national economy, as they lead to higher import costs and are directly reflected in the prices of many basic and consumer goods, in addition to creating a state of anxiety and uncertainty in the markets. He pointed out that any decision related to adjusting the exchange rate, whether raising or lowering it, is part of the state’s monetary policy and is subject to studies and procedures undertaken by the Central Bank of Iraq. He emphasized that official bodies have not yet announced any intention to change the official rate. He noted that the new governor of the Central Bank may consider various options related to managing monetary policy in the future, but talk of an imminent exchange rate adjustment is not based on official data at present.

Hantoush stressed the importance of curbing speculation that affects market stability, noting that the Central Bank had previously issued reassuring messages to the markets in recent days, and is expected to continue taking measures to maintain exchange rate stability and enhance confidence in the financial sector.

For his part, economist Haider Al-Sheikh explained that an important part of the increased demand for the dollar during the recent period is related to the rapid regional developments, and the concerns they raise in the markets regarding trade and supply chains.

The sheikh said that news related to the Strait of Hormuz and maritime traffic in the region prompted some traders to increase demand for the dollar as a precautionary measure, in addition to the impact of rumors circulating about the possibility of adjusting the official exchange rate.

He stressed that monetary policy in Iraq has not changed so far, and that the official price of the Iraqi dinar remains stable, which makes the current rise in the parallel market have a limited impact compared to the basic economic indicators.

He added that the Iraqi market had previously gone through similar circumstances during which it witnessed temporary increases in exchange rates as a result of psychological factors or political developments, before prices returned to their normal levels after fears subsided and conditions stabilized.

The sheikh predicted that the market would witness gradual stabilization in the coming days as the impact of circulating news subsides and demand levels return to normal.  To their normal levels.

For his part, economic researcher Ahmed Eid attributed the rise in the dollar exchange rate to a set of overlapping factors, some of which are related to the internal situation and others to regional and international developments.

He explained that geopolitical tensions in the region and concerns about the security of navigation in the Strait of Hormuz are worrying the markets, given the potential impact on Iraqi oil exports and government revenue flows, which constitute the main source of foreign currency in the country.

He pointed out that these concerns prompted a number of traders and importers to increase their dollar holdings in anticipation of any potential disruptions that might affect trade or financial transfers, which led to increased demand within the parallel market.

He added that the continuation of some procedures and restrictions related to foreign transfers makes part of the demand move towards the informal market, which contributes to increasing the gap between the official price and the parallel market price, especially during periods of tension and uncertainty.

Eid also pointed out that recent developments related to Iraq’s inclusion on the Financial Action Task Force (FATF) grey list have raised concerns among some traders regarding transfers and foreign financial transactions, which has indirectly affected market activity.

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AL-ZAYDI IS ACCELERATING THE IMPLEMENTATION OF THE “JUNE AGREEMENT,” BUT CAN HE DISMANTLE THE FACTIONS’ INFLUENCE BEFORE THE WASHINGTON TRIP?

He presented himself as a one-term president to escape the accusations.

 
Prime Minister Ali al-Zaidi is expected to arrive in Washington in mid-July, having completed a significant portion of the process of removing figures and leaders linked to factions from sensitive positions within the government.
Informed political sources say these measures constitute one of the pillars of a three-pronged plan agreed upon with the United States. This plan is based on parallel tracks that include on-the-ground measures related to weapons, cutting off funding sources, and removing influential figures from positions of power and influence.

In recent weeks, al-Zaidi’s opponents within the Shiite political forces have begun to view his actions as more than just an administrative or security reform campaign; they see it as a project that could lead to what they describe as a “cold coup” against the power structure that emerged after 2003.

This may explain, according to observers, al-Zaidi’s early announcement that he will not run in the upcoming elections—a first for a prime minister since 2003—a move interpreted as an attempt to deflect political suspicion from his decisions and present them as part of a national project rather than an electoral campaign.

The “June Agreement”: A Short Timeframe Before Washington.
Sources speaking to Al-Mada confirm that the Prime Minister is working within a tight timeframe to finalize what has become known in political circles as the “June Agreement,” an understanding that crystallized during the visit of US President Donald Trump’s envoy, Tom Barrack, to Baghdad.

Information indicates that the closed-door meeting between Barrack and al-Zaidi, which lasted four hours, later became the starting point for a series of decisions and changes witnessed in state institutions over the past few weeks. The sources believe that the Prime Minister has limited time to implement the majority of the understandings before his anticipated visit to Washington, where reducing Iranian influence in Iraq tops the US administration’s priorities.

Three Fronts Against Iranian Influence. According to sources close to the government, al-Zaidi has opened three parallel fronts to achieve this goal. The first involves removing influential figures from positions of power within the state, a front that has made tangible progress recently.

The second involves pursuing corruption cases and economic networks believed to have provided funding to political forces and armed factions in recent years.
The third and most sensitive front remains the issue of weapons and their monopoly by the state, a file that continues to move at a slower pace than the others.
Sources say the government has achieved relative success in removing senior officials whose dismissal is believed to be related to their ties with factions, their proximity to Iranian influence circles, or their failure to curb the expansion of this influence within state institutions.

It appears that al-Zaydi is managing this file according to a policy of “rotation and appeasement” rather than outright exclusion, despite a near-universal conviction within political circles that the forces of the “Coordination Framework” are compelled to adapt to these measures.

In this context, Hussam al-Hassani, spokesperson for the Hikma Movement, dismisses the notion that the recent dismissals and changes are separate from the government’s priorities, considering them consistent with the project of monopolizing weapons by the state and economic reforms. Within a few weeks, the Prime Minister was able to make changes in some of the most sensitive positions in the country, including the National Security Service and the National Security Advisory.

The excluded figures did not disappear entirely from the scene; rather, some were transferred to less influential positions or assigned advisory roles, thus maintaining political balances and mitigating potential backlash.

Al-Zaidi also succeeded in implementing a significant change within the Central Bank, which is considered a key component of the financial and economic reform plan linked to Iraqi-American understandings. Political circles believe these measures will have repercussions on complex financial and economic networks, extending their influence to political forces and armed factions.

In this context, Central Bank Governor Ali al-Alaq was transferred to the position of financial advisor to the government, a move seen as a clear example of the “rotation” policy adopted by the Prime Minister in managing changes.

Is the Popular Mobilization Forces (PMF) next in line? The most sensitive position, however, remains undecided: the chairmanship of the PMF. Faleh al-Fayyad, one of the longest-serving officials to have retained his post since 2003, may face a scenario similar to that of other officials, especially since the issue of his retirement has resurfaced.

There are indications that he might be transferred to an advisory position, similar to what happened with Qasim al-Araji after leaving the National Security Advisory, or Abu Ali al-Basri after leaving the head of the National Security Service.

The position of head of the Popular Mobilization Forces (PMF) is one of the most problematic in the political system. It previously caused a major crisis between Fayyad and former Prime Minister Haider al-Abadi, which ended with Fayyad siding with Abadi’s opponents during the 2018 elections. This stemmed from Fayyad’s brief removal from his post, to which he was later reinstated—a move many considered a contributing factor to Abadi’s failure to secure a second term.

(Mnt Goat: So we can see that these Iranian militias have direct influence on the elections. It all comes out sooner or later.)

The scenario was repeated, albeit in a different form, recently when Fayyad distanced himself from former Prime Minister Mohammed Shia al-Sudani after sensing that his position might be targeted for future changes. He later allied with Ahmed al-Asadi, the former Minister of Labor, in an attempt to form a new political bloc, but this has not yet achieved the desired results due to its limited size and the lack of complete agreement with Nouri al-Maliki. 

2.Combating Corruption

The second area where the government appears to have made progress is combating corruption, which it considers the government’s economic weapon . This approach grants al-Zaydi two objectives simultaneously: achieving economic reform on the one hand, and dismantling the networks of vested interests linking certain influential figures to powerful parties and factions on the other. 

Al-Mada had previously revealed estimates suggesting that approximately $350 billion had been amassed by groups dubbed “corruption kingpins,” with a list containing at least 50 names possessing vast sums of money both inside and outside Iraq, including luxury real estate and diverse financial assets. Precise figures regarding the funds recovered by the government are not yet available, despite reports of billions of dinars being reclaimed from individuals connected to the oil, electricity, and port sectors. Former Electricity Minister Luay al-Khatib believes that these developments represent a bold step targeting an issue long avoided by political forces: economic reform.

Government spokesman Haider al-Aboudi affirmed that the Prime Minister views corruption as the most serious threat facing the country and the political system. He indicated that all previous contracts will be subject to auditing and review, and that several projects have been halted despite some having received more than 50 percent of their funding.
Al-Aboudi stressed that the anti-corruption campaign “will not stop and will target all those accused, regardless of their positions or titles.”

3.Weapons: The Most Difficult Issue
. Meanwhile, the issue of weapons remains the most complex aspect of the plan to reduce Iranian influence.
With the exception of the Peace Brigades (Saraya al-Salam), affiliated with the Sadrist Movement, which previously announced the surrender of its weapons and its voluntary integration into the Popular Mobilization Forces (PMF), no other armed group has taken any practical or public steps in this direction.

Although Asa’ib Ahl al-Haq and Kata’ib al-Imam Ali have declared their readiness to participate in the plan, implementation remains limited, while approximately ten other factions continue to reject the project.

The government believes this issue will be nearing its end by next September, coinciding with the withdrawal of international coalition forces, as the justifications for retaining weapons will significantly diminish. However, influential factions, including Kataib Hezbollah, do not share this assessment.

4.The Cabinet: The Fourth Front.
But there is a fourth issue, no less important than the previous ones, which is the completion of the cabinet. This issue is directly linked to the future presence of factions and parties close to Iran in government institutions.

The cabinet’s completion has been stalled for over a month due to what political circles describe as an “American veto” on figures associated with the factions assuming ministerial portfolios or influential positions. Furthermore, this issue is closely tied to the process of disarming militias and the accompanying internal and external understandings and tensions.

Sources speaking to Al-Mada indicate that a crucial session is likely to be held on July 11 to finalize the cabinet formation and fill the nine vacant ministerial positions. Expectations are that some portfolios—estimated at between three and four—that were originally allocated to factions will be redistributed to other political parties. Compromise formulas, including splitting some ministries, are being considered to address objections and create a new balance of power.

The sources confirm that Prime Minister Ali al-Zaidi is personally managing this process, amidst escalating disputes between the State of Law Coalition and the team of former Prime Minister Mohammed Shia al-Sudani regarding quotas and nominees for the remaining posts.

Why did al-Zaidi announce his withdrawal from the elections?

(Mnt Goat: they are talking about the next future election cycle)

These issues are further complicated by accusations that the Prime Minister is favoring certain parties over others. Some of his opponents believe that the campaigns to pursue “corruption kingpins” have focused on figures close to the “Progress” party, led by Mohammed al-Halbousi, an ally of al-Sudani, as was the case with Alaa al-Jubouri and Adnan al-Jumaili.

Those holding this view argue that it might suggest an undeclared alignment with al-Halbousi’s opponents, most notably Nouri al-Maliki. To preempt these accusations, the government spokesperson, in an unusual move, announced that Ali al-Zaidi would not be running in the upcoming elections and would not be establishing a political party.

The announcement came less than 40 days after al-Zaidi assumed power, making him the first prime minister since 2003 to so early decide his stance on the upcoming elections. This was an attempt to convince his opponents that his decisions were not driven by calculations of power resurgence or the pursuit of another term.

The government spokesperson also defended the recent wave of changes affecting sensitive security and administrative institutions, emphasizing that they were not acts of punishment or political exclusion, nor did they reflect any shortcomings on the part of the officials affected. Rather, they were part of a government vision aimed at rebuilding, empowering, and enhancing the efficiency of institutions, in line with the priorities of the new phase.

Al-Zaidi has thus freed himself from the calculations of the elections.
Academic and political researcher Ghalib al-Da’mi believes that al-Zaidi’s announcement of his non-participation in the elections carries an important political message.
He told Al-Mada that the prime minister reached his position without a political bloc and without running in the elections, and therefore understands the nature of the political game very well.

He adds that al-Zaydi wants to tell political forces that he has freed himself from the calculations of the upcoming elections, and that he is working on building the state, combating corruption, and controlling weapons, without needing to appease any party in the hope of gaining their support in the future.

Al-Da’mi believes this message was long overdue, because one of the reasons for the failure of previous governments was the prime ministers’ pursuit of renewed terms, which led them to engage in constant conflicts and compromises with various political forces.

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THE TRUMP ADMINISTRATION SENDS A DECISIVE MESSAGE TO BAGHDAD: THE ERA OF AMBIGUITY REGARDING IRAN IS OVER.

The administration of US President Donald Trump is no longer willing to accept the ambiguity of Iraq’s position through its rapprochement with Iran, as it believes that Baghdad should turn westward instead of eastward, and strengthen its friendship with the United States and the surrounding Arab countries.

Washington now expects changes in government that will strengthen Iraqi sovereignty, noting that Prime Minister Ali al-Zaidi’s visit to Washington will be scrutinized, but that Americans and Iraqis must be patient and refrain from making judgments at the moment.

The Middle East Institute , in a report entitled “New Relations Between the United States and Iraq?”, reviewed the end of the tug-of-war and the formation of al-Zaidi’s government, the congratulations he received from President Trump, and the invitation to visit Washington in the middle of next month. The American Institute report, translated by Shafaq News Agency, stated that the US administration seems to have high expectations of al-Zaidi, but these expectations should be tempered.

He noted that his government program was ambitious, with the first part of the program addressing state control over weapons and the application of the rule of law, while the second part addressed foreign policy, emphasizing the need to strengthen relations with the Gulf states. He expressed his belief that Washington may have embraced al-Zaidi wholeheartedly because he is a practical businessman who understands how to make deals.

He explained that the American experience with those who held previous positions was disappointing, indicating that despite American efforts to pull Iraq away from Iran, Shiite leaders remained under Tehran’s influence, while the power of Iranian-backed militias increased and they became bolder, he said.

The report went on to say that “repeated US demands to control, disarm, or disband the militias have not been effective,” adding that “the US now expects the new prime minister, who comes relatively from outside the system, may perform better.”

He pointed out that the formation of al-Zaydi’s government has not yet been completed, explaining that it is likely that al-Zaydi will use the remaining ministerial positions, especially the Interior and Defense ministries, to appease his opponents within the coordination framework, as there will be a political cost to these concessions.

He considered that the outcome of the “American-Israeli” war against Iran, and the outcome of the American-Iranian negotiations, would have a potentially significant impact on events in Iraq, adding that if Iran believed it had won the war, and if its allies shared this belief, then Tehran would be more determined to hold on to its assets in Iraq, and would not give up its influence in what it considers its vital area of ​​interest, nor would it easily give up the large political and economic rewards it has obtained in Iraq over the course of two decades, and for this reason, the Popular Mobilization Forces factions may refuse to give up their weapons.

The report argued that the United States and Iraq need to agree on indicators of progress in achieving key objectives and address obstacles together, with the priority remaining the disbanding of militias, which is the most complex task. It noted that the decision by the Supreme Judicial Council, headed by Judge Faiq Zaidan, to expand the scope of the anti-terrorism law to include “any person who manufactures, uses, or possesses drones used for unlawful purposes” represents a step in the right direction and an indication of how al-Zaidi will use it to control the militias, although the real proof will be in the implementation.

According to the report, the United States must offer incentives to groups that disband their military wings, surrender weapons to the government, and transform into political parties as defined in the Constitution. These incentives could include removing sanctions or other designations that restrict their activities and prevent them from engaging in formal politics. However, there must also be direct punitive measures against groups and individuals who refuse the offer of disarmament and remain outside the control of the government.

The report concluded by noting that successive Iraqi governments have declared their desire to establish good relations with both the United States and Iran adding that in practice, this has meant leaning towards Iran, an ambiguity that is no longer acceptable to the Trump administration.

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PRIME MINISTER’S ADVISOR: COMMITTEE FORMED TO PREPARE THE COUNTRY FOR THE TRANSITION TO A PERFORMANCE AND PROGRAM BUDGET

The Prime Minister’s financial advisor, Mazhar Muhammad Salih, announced the formation of a committee to prepare the country for the transition to a performance and program budget, stressing that this approach represents one of the modern methods in managing public spending and evaluating its results.

Saleh explained in a press statement that program budgeting is one of the modern policies in managing public budgets, and it differs from traditional budgets that focus on controlling spending, as it depends on measuring the extent to which spending achieves the set goals and evaluating its actual results.

He explained that this type of budget does not eliminate the traditional line item budget, but rather keeps it as an essential part of the financial system, noting that spending is done within specific programs that include goals, human resources and executive bodies, with a comprehensive evaluation of the results after implementation.

Saleh added that programs such as combating poverty or developing the kindergarten sector require coordination between several government agencies, as well as providing resources and clear time plans, so that their success in achieving the goals can be measured later instead of being satisfied with spending procedures.

He pointed out that the global trend today is based on the principle of efficiency in public spending and linking spending to the benefit achieved, explaining that this is based on calculating the cost of programs against the resulting economic and social benefits.

(Mnt Goat: You could have fooled me with all the waste and corruption going on all over the world in most industrialized countries. Just look at what the US uncovered in the last year and a half alone. Does it use ‘program budgeting’?)

He pointed out that the committee formed recommended expanding the cost accounting departments in Iraqi universities to train specialized personnel, stressing that implementing program and performance budgeting requires government support, qualified young personnel, and effective use of information technology.

Saleh stressed that the success of the project requires a high-level executive will and central coordination between the Ministries of Finance and Planning and the rest of the state institutions, warning that relying on traditional methods may hinder the achievement of its goals.

He pointed out that the new system will be implemented gradually through what is known as the “shadow budget,” as a tool to measure the level of progress, indicating that priority will be given to the investment budget due to the difficulty of applying the system to the large operational budget at the present stage.

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WILL IRAN SUCCEED IN MAINTAINING ITS INFLUENCE WITHIN IRAQ?

A growing debate is taking place about the future of Iranian influence in Iraq in light of regional transformations and increasing international pressure. While one side sees Tehran’s influence continuing through its allies, others believe that Washington is capable of reducing this influence in the next phase, according to the Asharq Al-Awsat newspaper .

The newspaper, in a report seen by Al-Sa’a Network, quoted its sources as saying that “the basis of the partnership (between Washington and Baghdad) that is beneficial to both parties is that the state deals with the challenge of the militias and confines their weapons to the hands of the state,” indicating that “this is the threshold that must be achieved and overcome in order for this partnership to be realized .”

She added that “Iran has proven over the past two decades that it knows exactly what it wants from Iraq, unlike the American confusion, and I think that will continue even after the signing of the American-Iranian agreement .”

She noted that “Iran may adopt a different approach after the agreement, one that is not entirely public and does not anger Washington, but it will maintain its usual influence in Iraq,” explaining that “Tehran remains firmly in control of Iraqi politics through the group of figures and parties loyal to it .”

The report noted that “the threat of economic sanctions alone is enough to push Shiite leaders and political parties in particular to reconsider the risks of the continuation and growth of Iranian influence in Iraq .”

He added that “Iraq’s oil revenues go to the Federal Reserve (the US central bank) after the sale, before the latter returns them to Iraqi banks 

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FOLLOWING THE SELECTION OF THE PRIME MINISTER, AMERICAN INTERVENTIONS ARE WRITING A NEW CHAPTER OF DOMINANCE OVER IRAQI DECISION-MAKING.

 
A new chapter is being written in the saga of American intervention in Iraq through its proxies and control over political, security, and financial affairs, amidst the acquiescence of some political blocs who believe that implementing America’s agendas guarantees their interests and personal gains. Conversely, voices are rising in opposition to this intervention, which has led to the erosion of national sovereignty and deprived the country of financial independence.

Currently, the country is in the process of forming a government following the appointment of Ali al-Zaidi as Prime Minister. Parliament failed in its first session to approve nine ministerial nominees, and observers asserted that this failure stems from American interference in this process. 

The American website “Al-Monitor” announced the nomination of Peter Shea to temporarily head the US mission in Baghdad, replacing Joshua Harris. The same website warned of the danger of the envoy’s interference in the remaining ministries, particularly those related to security. Regarding this issue, former MP Razzaq al-Haidari considered the US administration’s appointment of a candidate to temporarily head the US mission in Baghdad an intervention in Iraqi affairs, emphasizing that this step represents a continuation of Washington’s dominance over the country. Al-Haidari told Al-Maalouma News Agency that “the appointment of a new head of the US mission in Iraq is part of the continued American hegemony over the country,” warning of “the danger of interference in the government formation process.” 

He added that “Washington, through its new envoy, will pressure Prime Minister Ali Mohsen al-Ahmad to choose ministers who will implement its agenda, especially in the security ministries, at a time when Iraq is suffering from security threats represented by terrorism, the dangerous security developments in Syria, and the increasing regional tensions in the Middle East.” Al-Haidari called on “the Iraqi Prime Minister not to succumb to external pressures and to keep them out of the ministerial appointments, and to bring forward candidates who will work on developing national plans that serve the country and not serve foreign interests.” 

Protecting National Decision- Making: MP Faleh al-Khazali warned of the danger of foreign interference in Iraqi affairs, stressing the need for national political decisions to remain independent and free from any external dictates. Al-Khazali told Al-Maalouma that “Iraqi political decisions must be made within Iraqi constitutional institutions and must not be subject to any external pressures or dictates.”  

He added that “preserving national sovereignty requires strengthening the independence of political, economic, and security decision-making, in line with Iraq’s supreme interests.” He pointed out that “national political forces and the government bear the responsibility of protecting national decision-making from any interference that might affect the course of the state and its institutions,” emphasizing that “Iraq possesses the capabilities and resources to make its decisions independently, in a way that achieves stability and safeguards the interests of the Iraqi people.” The issue of foreign interference in the government formation process remains a true test for Prime Minister Ali al-Zubaidi in preventing such interference and selecting suitable figures who align with national interests, not foreign ones.

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THE GOVERNMENT SETTLES THE DEBATE OVER THE DOLLAR EXCHANGE RATE.

Government spokesman Haider al-Aboudi confirmed that neither the government nor the central bank intends to change the exchange rate of the dollar against the Iraqi dinar .

Al-Aboudi said in a televised interview followed by Al-Sa’a Network that “there is no intention to raise the exchange rate of the dollar against the Iraqi dinar,” indicating that “the monetary and financial policy between the government and the Central Bank is proceeding in an integrated and regular manner .”

He pointed out that “the printing of currency is stored in all banks of the world, and it acquires its value when it enters circulation,” stressing that “all salaries are guaranteed .”

Regarding the amendment of the salary scale, Al-Aboudi explained: “In order for this matter to be achieved, the Iraqi government alone cannot proceed with amending the salary scale unless the Iraqi state, with its executive and legislative authority, is able to amend no less than 30 laws within the constitution .”

He added that “the existing laws on which the salaries of state employees varied are due to the existence of laws that grant special privileges to certain segments 

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AL-NASSIRI: THE RISE IN THE DOLLAR EXCHANGE RATE IN THE PARALLEL MARKET IS TEMPORARY, AND MAINTAINING THE GENERAL PRICE LEVEL IS UNDER CONTROL.

Economic and banking advisor Samir Al-Nassiri stated on Thursday that the rise in the exchange rate of the US dollar in the parallel market is temporary and is due to rumors and speculation in the markets, stressing that there is no risk of an increase in the costs of importing basic commodities.

Al-Nassiri explained to “Al-Eqtisad News” that only 5% of the dollars that the Central Bank sells daily to travelers are traded in the black market, and the remainder falls into the hands of speculators who manipulate prices.

He explained that the remaining 95% is secured by the Central Bank at the official rate for traders to import from abroad, and therefore there is no risk of an increase in the prices of imported basic commodities. The overall level of food and basic commodities is under control.

According to Al-Nassiri, “The fluctuation in the dollar exchange rate is due to speculators and economic variables because of the closure of the Strait of Hormuz and the effects of the regional war.”

He stressed that this situation is temporary, and the exchange rate will gradually stabilize as conditions in the region calm down, the Strait of Hormuz is opened, and oil exports resume in the planned export quantities.

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WASHINGTON SENDS A MESSAGE TO BAGHDAD REGARDING THE “POPULAR MOBILIZATION FORCES”

The US State Department published on Wednesday statements by its Secretary of State, Marco Rubio, which included a “message” to the Iraqi government, according to the Jerusalem Post.

According to what was translated by “Baghdad Today” and followed up by “Roj News”, Rubio’s statements, which he made yesterday and published today as an official statement, confirmed that “the factions in Iraq that launch drones and missiles are preventing the end of hostilities and conflict in the region and threaten its stability and will continue to do so unless they are dealt with.”

He added that “this issue will be dealt with in due course and will be raised in the negotiations currently underway,” while the US State Department stressed in its statement that its government is working to achieve stability in the region by eliminating the factors that affect it.

The newspaper, for its part, confirmed that Rubio’s statements represent “a clear and important message to the Iraqi government about Washington’s desire to control the factions in Iraq,” explaining that the US administration had already begun a “campaign” to target the factions and their leaders through economic sanctions and placement on terrorism lists.

It is worth noting that Rubio’s statements coincided with the Iraqi government’s calls to restrict weapons to the state, a matter emphasized by US President’s envoy Tom Barrack during his visit to Baghdad and his meeting with Prime Minister Ali Faleh al-Zaidi.

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SALEH: IRAQ NEEDS A COMPREHENSIVE REVOLUTION IN ECONOMIC DIVERSIFICATION.

The government believes that increasing the production and export capacities of oil and oil derivatives is a priority at the present stage, which will enhance public revenues and restore to Iraq part of its share in global markets.

The Prime Minister’s financial advisor, Mazhar Muhammad Salih, confirmed on Wednesday that diversifying the country’s sources of financial funding has become “an unavoidable necessity” after the Hormuz shock and the resulting financial conditions in the country, given that Iraq relies almost entirely on revenues from exported crude oil.

Saleh said that the importance of parallel work lies in raising the export capacities of crude oil and oil derivatives in order to restore Iraq’s rightful place in the global market.

In reviewing the current production situation, Saleh explained that Iraq currently produces about 4 million barrels per day, of which 1 million barrels are directed to meet local needs and activities, while the remaining 3 million barrels are exported.

He pointed out that “this figure does not reflect the true weight of the country,” indicating that “Iraq’s supposed share in the international market should not be less than 7 million barrels per day or more.”

He also pointed out that “the successive wars, conflicts and crises that have plagued Iraq since the 1980s have caused its historical oil shares to go to other countries.”

The financial advisor added that “the current stability gives Iraq a favorable and available opportunity today to rearrange its economic papers, by raising production and export capacities, with a focus on expanding the export of high value-added oil derivatives instead of relying entirely on crude oil.”

Saleh concluded his remarks by emphasizing the government’s vision of achieving a “ comprehensive diversification revolution ” covering the oil, industrial and agricultural sectors alike, ensuring the building of a resilient economy capable of withstanding price fluctuations in global markets and achieving sustainable development.

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IRAQ IS CONSIDERING WITHDRAWING FROM OPEC AND IS MOVING TOWARDS INCREASING ITS OIL EXPORTS INDEPENDENTLY.

Government sources revealed on Wednesday that Iraq is considering a proposal to increase its oil exports outside of OPEC regulations to compensate for the shortfall that occurred during the war.

Sources told Shafaq News Agency that “Iraq is studying the repercussions and consequences of exceeding the oil production ceiling set by OPEC due to the oversupply of crude oil and the impact of this on the buying and selling price.”

She added, “If OPEC rejects Iraq’s proposals to raise the production ceiling, similar to some of its member states, it may resort to withdrawing from OPEC, thus providing it with sufficient space to raise the production and marketing ceiling.”

She added that “the proposal to increase production or withdraw from OPEC may be realized after Prime Minister Ali al-Zaidi’s visit to Washington in the middle of next month.”

Earlier today, Basra Oil Company directed the suspension of pumping and reduction of production at the West Qurna/2 field, due to the continued state of “force majeure “.

A document issued by the company, which was received by Shafaq News Agency, stated that due to the continued state of force majeure in the region and the unavailability of tankers, please stop pumping by (100%) and reduce production to (50) thousand barrels and store it in your tanks, starting from 12 pm yesterday, corresponding to June 23rd .

This comes at a time when Iraqi oil prices recorded a sharp decline during trading on Wednesday, as Basra Heavy crude fell by 4.09% to $45.78 per barrel, while Basra Medium crude fell by 3.91% to $47.88, coinciding with a decline in crude prices in global markets . Brent crude fell 0.71% to $76.53 a barrel, while US West Texas Intermediate crude fell by the same percentage to $72.69 a barrel, and UAE Murban crude dropped 1.64% to $69.63 .

An official source in the state-owned North Oil Company revealed earlier on Wednesday that the preparation and readiness of the Iraqi-Turkish pipeline extending from Kirkuk to the Turkish port of Ceyhan has been completed, confirming that trial pumping through the pipeline will begin within two weeks in preparation for resuming exports in a stable manner .

Iraq had asked Turkey to extend the Kirkuk-Ceyhan oil pipeline agreement for at least a year, in a move aimed at giving both sides more time to negotiate a new agreement regulating oil exports through this vital route.

Iran had lifted the de facto blockade of the strait last week after agreeing with the United States to extend the ceasefire for 60 days, before the Iranian Revolutionary Guard announced on Saturday that it was closing the waterway again in response to Israeli strikes in Lebanon, while the US military confirmed that commercial ships continued to operate.

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IRAQ-U.S. TIES TO SHIFT FROM MILITARY COOPERATION TO ECONOMIC PARTNERSHIP, PM SAYS

Al-Zaidi added that Iraq’s relationship with the United States is entering a new phase, saying, “The relationship with the United States will shift from a military one to an economic partnership.”

Iraqi Prime Minister Ali al-Zaidi said on Wednesday that relations between Iraq and the United States are set to transition from a military-focused partnership to one centered on economic cooperation, while emphasizing his government’s commitment to combating corruption and strengthening state authority.

Speaking to IMI, al-Zaidi said that fighting corruption remains his top priority.

“Combating corruption is at the top of my priorities,” the prime minister stated.

Al-Zaidi added that Iraq’s relationship with the United States is entering a new phase, saying, “The relationship with the United States will shift from a military one to an economic partnership.”

He also noted progress in efforts to consolidate state control over weapons, stating that “most factions have already begun handing over their weapons to the state.”

Addressing Iraq’s energy sector, al-Zaidi said Baghdad wants the Organization of the Petroleum Exporting Countries to increase Iraq’s oil production quota in line with the country’s production capabilities and population size.

“We want OPEC to increase our oil production in line with Iraq’s oil capabilities and population size,” he said.

The prime minister further stated that the complete withdrawal of U.S. forces from Iraq would eliminate the rationale for armed resistance groups operating in the country.

“After the withdrawal of all U.S. forces, there will be no justification or need for any resistance in Iraq,” al-Zaidi said.

Al-Zaidi is scheduled to visit Washington, D.C. in mid-July for talks with U.S. President Donald Trump at the White House. The visit will mark his first official trip abroad since assuming office in May.

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A YEAR WITHOUT A BUDGET… AND THE GOVERNMENT IS BANKING ON COMPREHENSIVE FINANCIAL REFORMS IN 2027.

In a new indication of the complexities of the financial and administrative landscape, attention is turning to the 2027 budget after the chances of approving the 2026 budget declined, as a result of the delay in completing the formation of the government and the continued vacancy in a number of key ministries.

On Thursday, Hussein Al-Darraji, a member of the Parliamentary Finance Committee, ruled out the possibility of the government finalizing the current year’s budget within the required constitutional and administrative timeframes. He emphasized that the remaining time in the year is insufficient to prepare a comprehensive draft and present it to the Council of Representatives for approval.

Al-Darraji explained that the government is effectively moving toward preparing the 2027 budget, anticipating that the draft will be sent to Parliament this coming October or November, in preparation for debate and approval prior to the start of the new fiscal year.

He noted that the upcoming budget would undergo fundamental changes regarding the philosophy of its preparation and the mechanisms for organizing its financial schedules. Additionally, spending priorities will be re-evaluated and the actual needs of government institutions assessed to align with current economic and financial conditions. This approach comes as the state continues to rely on the “1/12” provisional spending mechanism—authorized by current financial management laws—to cover employee salaries and essential operating expenses. This reliance follows the failure to pass the 2026 budget, a process that has since become complicated by accounting and technical challenges.

According to the Finance Committee, there is a preliminary consensus between Parliament and the government of Prime Minister Ali Al-Zaidi to focus efforts on drafting a new budget with a distinct economic vision. This new budget aims to rectify past imbalances and reduce the fiscal deficit, while ensuring readiness before the start of the upcoming fiscal year.

This delay is attributed to a range of political and administrative factors—most notably the recent election period and ongoing disputes regarding the completion of the current cabinet—which have hindered the ability of executive institutions to prepare a comprehensive draft budget during the first half of the year.

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HEAD OF MONEY CHANGERS SYNDICATE: RECENT CENTRAL BANK CHANGES A POSITIVE STEP TO ENHANCE FINANCIAL STABILITY

 
The head of the Exchange and Mediation Syndicate, Diaa Al-Tai, confirmed that the recent changes made by the Central Bank of Iraq represent a positive step in the path of developing the financial sector, praising the selection of Nizar Nasser to assume his new duties due to his experience and competence in the field of combating money laundering and the financing of terrorism.

Al-Ta’i told “Al-Jarida” that Nizar Nasser’s expertise is in line with the requirements of the current stage and the challenges facing the financial sector, which contributes to enhancing compliance with international standards and consolidating financial stability in the country.

He added that the previous changes in the Directorate of Supervision of Non-Bank Financial Institutions, which included the appointment of Dr. Dirgham and his assistant Zaid Hamid, proved successful thanks to their high professionalism and extensive experience in following up on the affairs of exchange companies and handling administrative and supervisory files.

He pointed out that these measures contributed to accelerating the completion of many pending files, as well as strengthening communication and coordination channels between exchange companies and the Central Bank of Iraq.

Al-Ta’i reiterated the Money Exchange and Mediation Syndicate’s support for all steps and reforms aimed at developing the financial sector and consolidating the principles of oversight and compliance, thereby enhancing the stability of the financial market and raising the level of confidence in financial institutions operating in Iraq.

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SALMANIYA CURRENCY MARKET: RUMORS BEHIND DOLLAR FLUCTUATIONS… WE EXPECT IT TO DECLINE THIS WEEK

The spokesman for the dollar market in Sulaymaniyah, Jabbar Goran, confirmed on Saturday that the fluctuation in the value of the Iraqi dinar against the dollar during the past few days was a result of the circulation of incorrect rumors, while he expected the exchange rate of the dinar to improve during the current week.

Goran told Shafaq News Agency that “the instability in the exchange rate of the dinar against the dollar was due to the spread of some inaccurate rumors, but the Central Bank of Iraq denied all the news circulating about making any change in the exchange rate of the dinar.”

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THE COFFERS ARE EMPTY AND THE 2026 BUDGET IS BURIED… WILL IRAQIS ENTER A PHASE OF “TIGHTENING THEIR BELTS”?

Jamal Kojar, a member of the Parliamentary Finance Committee, confirmed on Saturday that the government’s continued operation without a general budget effectively transforms it into a “caretaker government.” He also revealed that the current government has shelved the 2026 budget and is moving towards a radical change in the structure of the 2027 budget.

Kojar told Al-Maalouma that “the government now lacks the necessary legal cover for investment and development spending,” noting that “current government spending is limited exclusively to the operational budget (salaries and daily expenses), based on the (1/12) mechanism.”

Kojar added that “the government’s talk of sending the draft 2027 budget to Parliament next October means, practically and theoretically, the end and closure of the 2026 budget file without its approval,” pointing out that “if the government had intended to send a budget for the current year, it would have done so months ago.”

In a highly anticipated strategic shift, the MP revealed a “comprehensive change in the state’s financial philosophy,” explaining that “the upcoming budget (2027) will most likely be a program and performance-based budget, not a traditional line-item budget, which will completely transform the country’s financial management.”

Kujer urged the state’s executive branch to “adhere to the provisions of the Financial Management Law,” emphasizing the necessity of “finalizing the draft 2027 budget and submitting it to Parliament before mid-October, to ensure legislators have sufficient time to review and approve it, so that it becomes effective at the start of the new year.”

The Finance Committee member warned of “the severe consequences of the absence of an investment budget on the public and markets,” noting that “the failure to submit the 2026 budget resulted in the freezing of financial entitlements for broad segments of the population.” He pointed out that “this freeze has cast a heavy shadow on the business sector, particularly contractors and owners of investment projects, exacerbating the crisis of stalled projects and halting development in the provinces.”

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MALIKI ENDORSES ANTI-CORRUPTION CAMPAIGN, URGES GOVERNMENT TO PRESS ON

 2026-06-28  

BAGHDAD — Former Prime Minister Nouri al-Maliki, head of the State of Law Coalition, endorsed the government’s anti-corruption campaign on Sunday, calling it a long-awaited step and urging authorities to continue “until the end.” In a message to Prime Minister Ali al-Zaidi and the judiciary, Maliki congratulated them on launching the campaign to pursue what he called “the corrupt who tampered with the Iraqi people’s money.”

(Mnt Goat: This is a contradiction by Maliki since he had 8years to run his own campaign. He stole trillions for Iran and himself when he was in power. Again he proves he moves with the way the wind is blowing. Of course he still has hopes of bring prime minister again someday and so right now the wind is blowing in the direction of what al-Zaidi is doing. )

“We affirm our support for you in establishing justice. Continue this mission until the end, as it is a step the Iraqi people have long awaited,” he wrote. Separately, State of Law lawmaker Othman al-Shaibani issued a statement declaring the coalition’s “full support” for the government’s measures and thanking Supreme Judicial Council President Faiq Zaidan and Zaidi.

“We announce our full support for the measures taken by the government, in cooperation with the oversight and judicial authorities, as part of the national campaign to combat corruption and pursue those involved,” the statement said, adding that the steps were necessary to protect public funds and reinforce the rule of law.

The coalition said corruption had looted state funds, derailed vital projects, drained the country’s resources and deprived citizens of services, and called on authorities to hold accountable “everyone proven to be involved, without exception or discrimination.”

(Mnt Goat: Yes, this accountability they are talking about should also include Nori al-Maliki for what he stole while prime minister and all the constitutional violations. Where is all this money? They must deal with him now or later. Must Iraq go through yet another horror story for an election cycle again?)

It said the campaign “must continue until it fully achieves its objectives, foremost among them recovering all stolen funds to the state treasury and holding the corrupt accountable under the law, without any leniency, favoritism or political pressure.” Maliki and Sudani both bid to lead the next government after the 2025 election before the Shia Coordination Framework settled on Zaidi as a compromise. Several current and former members of Sudani’s Reconstruction and Development Coalition were among the 15 people state media named in Sunday’s campaign.

The statements followed a sweeping operation earlier Sunday that Iraqi authorities said led to the arrest of dozens of current and former officials. State media said the arrests were based on confessions by detained Deputy Oil Minister Adnan al-Jumaili, and that the 15 names released so far were the first group in a wider investigation it said involved 47 detainees whose identities would be released later.

(Mnt Goat: Why is Maliki not on the list of those arrested? When will his turn come? Oh….but now he’s Mr Nice guy. He wasn’t like this during his  term in office.)

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ARAGHCHI CONGRATULATES ALI AL-ZAIDI AND THE NEW IRAQI CABINET

The Iraqi and Iranian foreign ministers emphasized strengthening bilateral relations, coordinating on regional stability, and finalizing joint logistics for the upcoming funeral processions of the late Supreme Leader, Ayatollah Ali Khamenei.

Iranian Foreign Minister Abbas Araghchi Araghchi arrived in Baghdad on Sunday for high-level meetings with senior Iraqi leadership, including the President, Prime Minister, National Security Advisor, and Speaker of Parliament. Speaking at the joint conference after their meeting, Foreign Minister Fuad Hussein stated that the relations between Iraq and Iran are “historic,” and Minister Araghchi’s current visit holds “great significance.” 

Hussein noted that Iraq maintains strong relations with both the United States and Iran, emphasizing that Iraq remains firmly opposed to the war.

Hussein stated that during the meeting with Minister Araghchi, comprehensive discussions were conducted, expressing gratitude for his continuous engagement regarding the conflict and ongoing negotiations. He underlined that Iraq faced a severe crisis due to the war and the closure of the Strait of Hormuz, which directly impacted the nation’s economy. 

It is crucial that the MOU between Iran and the United States is implemented, he added. The foreign minister called on countries within the region to actively preserve regional stability. Araghchi Commends Iraq’s Stance on Regional Attacks 

Meanwhile, Araghchi congratulated Ali al-Zaidi and the new Iraqi cabinet, adding that Tehran aims to expand bilateral relations across all sectors. 

Araghchi emphasized that his visit occurs during a critical juncture, marking his first trip to Baghdad following the recent American and Israeli military campaign in late February.  He noted that the Iraqi government took a positive stance in denouncing the attacks on Iran. According to the current MOU, the Strait of Hormuz is scheduled to reopen under Iranian procedures within the next 30 days, Araghchi said. 

Visit Focuses on Bilateral Cooperation 

The foreign minister stated that the objectives of this visit focus on bilateral relations and enhancing economic, political, and security cooperation. 

He added that one of the primary aims of the visit is coordination with Iraqi authorities regarding the upcoming funeral processions of the late Supreme Leader Ayatollah Ali Khamenei.

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IRAQ’S ANTI-CORRUPTION OPERATION WIDENS; IS FBI INVOLVED?

  Thecorruption campaign has targeted dozens of senior officials, but analysts and politicians remain divided over whether the crackdown will ultimately reach the country’s most powerful figures, with some arguing the operation has been driven in part by US pressure and financial oversight. A Rudaw analyst said the Federal Bureau of Investigation could be behind the raids. 

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FROM BAGHDAD TO ANKARA: MONEY LAUNDERING NETWORKS FOR CORRUPT OFFICIALS IN IRAQ EXPOSED

A Syrian source revealed on Sunday the existence of money smuggling networks operating between Iraq, Syria, and Turkey.
The source told the Information Agency: “There is a money smuggling network managed by Syrian figures. Smuggled funds are transferred to certain Iraqi political figures accused of corruption, including individuals close to Sarmad al-Khanjar, son of the head of the Sovereignty Alliance, and Mohammed al-Halbousi, head of the Progress Party, as well as other figures associated with Muthanna al-Samarrai.”

The source added that “Syrian figures close to Turkish-backed factions, such as the former Hamza Division (which was later integrated into the 76th Division, a unit of the de facto government’s Ministry of Defense), are also involved.” The source explained that “this division oversees the smuggling of funds from Iraq to Syria, and then their transfer to Turkey.”

He confirmed that “the mastermind behind this network is a Syrian man residing in the Aleppo countryside and close to Turkey, named Abdul Rahman al-Mawali,” explaining that “this network works to smuggle millions of dollars for corrupt figures linked to corruption cases in Iraq, depositing them in Turkish banks under the names of Syrians.”

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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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a

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:

June 23, 2026 Mnt Goat News Brief

Guten Tag everyone:

Today’s news is one of sobering news. I am going to explain in detail what is holding back the RV. So, hold on to your seat, it’s all here in today’s Mnt Goat Newsletter. If you can’t see it after reading today’s news, then I can’t help you…. sorry!

GIVE A GIFT TO MNT GOAT

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

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

 Let’s all try to chip in!

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1 Chronicles 29:14 

But who am I, and who are my people, that we should be able to give as generously as this? Everything comes from you, and we have given you only what comes from your hand.

STATUS OF THE RV

Glad everyone could join me today on my blog. As we near the end of June we are told more news of what is holding up the revaluation and reinstatement. What I really don’t understand is if this is all true information (which it is) then how can anyone tell you the RV has been imminent over these last twenty (20) years?

Let’s get right into the news.

I will need everyone to settle down and relax when reading today’s news. It is a long commentary today since there is a lot of news to get through. Some of it can seem VERY scary but in reality it is comforting. We must get through this to get to it (the RV). I will tell you why. Let’s explore the main topics as on my Newsletter headlines.

So, we all should know by now that when the middle east erupts, Iraq always suffers and the Iraqi dinar takes a hit. This happened during the Covid crisis not because of the virus perse but because the world was shut down and oil was not consumed, thus oil took a big hit. Without the rentier economy (oil as 95% of revenues) of course there was no money to pay salaries and run the government. Thus, the government had to move money from the CBI reserves to pay it’s bills. The reserves declined to near dangerous levels.

During this Covid crisis time the CBI devaluated the local currency by more than 20 percent, the biggest devaluation since 2003, adjusting the ex-change rate from IQD 1182/USD to IQD 1450. After the crisis and oil was flowing again it ‘revalued’ back to 1320/USD but it never regained its original pre-crisis value of 1182. Why? You would think it would. But this goes much, much deeper than this…. Let’s take an honest, common sense look at this today.

I need everyone to know these changes in the dinar are NOT structural banking reasons for devaluation but local, short term financial reasons due to the drop of oil exports. This comes from too much of reliance on oil to pay Iraqi’s bills. When oil flow stops or slows down Iraq hurts. So, we all know about al-Zaidi’s plan to change all this and have the economy generating at least 45%-50% non-oil revenues to protect itself in the future from these oil crises. These non-oil revenues they refer to in the articles as the “local economy”, which is revenues generated from inside Iraq, non-oil related i.e tourism.

So again, due to the recent crisis with Iran and blockage of oil transport, Iraq is talking about a devaluation. This time there is talk of a deeper change than ever even since the Covid crisis of 1320/USD to 1650/USD. Now we might all think this is not good for our investment but I would differ with you. Why would I say such a thing?

First, I have to add who really cares? Think about it. We cannot yet exchange our dinars since the dinar is not yet back on FOREX and OFAC sanctions still exist.

Second, we all should know by now that they are ‘artificially’ suppressing the rate of the dinar from its true value.  

Next, in my June 11^th Newsletter I presented an article that told us what the three- (3) pronged approach of Al-Zaidi was going to be to recover the economy. This news today should be of no shock for anyone. Like I said the government is always going to tell us what they plan to do. There will be no surprises, no guessing. It is titled “AL-ZAYDI’S THREE-PRONGED PLAN: LIQUIDATING INDEBTED INSTITUTIONS, RAISING THE DOLLAR’S VALUE, AND RECOVERING FUNDS FROM CORRUPT INDIVIDUALS! – THE FRAMEWORK APPROVES THE GOVERNMENT’S PLAN TO OVERCOME THE FINANCIAL CRISIS.” The most intriguing point in Al-Zaidi’s plan concerns the exchange rate. Sources speak of a proposal to raise the dollar’s value again, without disclosing the rate proposed by the Prime Minister during the meeting. Today we find out what the rate will most likely be.

Please take a peek at a couple of today’s articles also on this subject matter titled:

“AL-KINANI REVEALS A GOVERNMENT PLAN TO RAISE THE DOLLAR EXCHANGE RATE TO 165,000 NEXT SEPTEMBER”

and

“THE GOVERNMENT WILL BE FORCED TO CHANGE THE EXCHANGE RATE AFTER THE COUNTRY’S ECONOMIC DOWNTURN”

“On Sunday (June 21, 2026), MP Ahmed Salim Al-Kinani, from the State of Law Coalition, revealed an anticipated government plan to raise the exchange rate of the US dollar to between 160,000 and 165,000 Iraqi dinars per 100 dollars, instead of the current rate of 132,000 dinars.”

This devaluation is still within the realm of the local currency only, the intentional manipulated dinar. It is not yet going to FOREX. We will need the FOREX rate to be what they have been forecasting to be over $3 not some in-country manipulated rate based solely on the price of the dollar which is also tied to the price of oil. Remember that the petro-dollar is being backed by oil and pure speculation. This is what is holding up the USD dollar at this time. We all know that the solution to the dinar is to get off this sole peg to the dollar which keeps dragging it down when there are hiccups in the oil industry.

So, from what I just told you, what do many of the economic experts in Iraq and the citizens in Iraq feel getting off the dollar is the answer, which they feel will then need to remove the zeros and bring an increase in purchasing power? Of course, they feel its to get off the sole peg to the dollar. Any reasonable and sane person would think this….right?

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CAN IRAQ REMOVE THE ZEROS AS A SOLUTION TO THE CRISIS?

So, as normal, there’s a knee-jerk reaction just as they always did during a crisis as from past experience they resort to telling the government to remove the zeros as their solution. But will this even work?

This following article tells us why they can’t just remove the zeros to solve this problem. It is titled “AN ECONOMIC EXPERT WARNS VIA NINA AGAINST REMOVING ZEROS… IRAQ NEEDS TO ELIMINATE THE CAUSES OF DEFICIT, WASTE, AND CORRUPTION.”

Former MP and economic expert Hussein al-Falluji warned against rushing the implementation of the project to remove three zeros from the Iraqi dinar and replace the currency. He, stressing that “this measure will not raise the real value of the dinar, increase the purchasing power of citizens, or address the deep imbalances plaguing the Iraqi economy.”

These three reasons by al-Falluji are are exactly related to what I have been telling my readers all along about removing the zeros from the currency. Do you remember what I told you? I said as long as they are still on the sole peg to the dollar the only difference in removing the zeroes is the zeros will be removed. The rate will remain the same. Todays rate of the dinar is .00076 per dollar. Many wished not to believe me. Now al-Falluji reinforces what we were told years ago. For instance, if a 25,000 note is now worth 19 dollars (25,000 x .00076 = 19 USD. Then a 25 note (deleting the zeros) would be worth 25 x .00076 =  2 cents USD. So, there is no change in purchasing power and deleting the zeros only makes the situation worst as they can’t do much with a note worth only 2 cents. By removing the zeros is only an administrative measure unless they are serious about going all the way to FOREX and having a major revaluation. To do the revaluation they would have to address the deep imbalances in the economy such as bring the “local’ dinar at least par with the oil-based petro-dollar. I will get into this a bit more later in my commentary.    

In a statement to the National Iraqi News Agency , al-Falluji said , “Removing zeros is merely a nominal and accounting change to the monetary unit, whereby 1,000 dinars become one new dinar, while prices, salaries, deposits, and debts are changed proportionally, without any real increase in wealth or income.“ 

This is why they can’t remove the zeros unless they are serious about going all the way to FOREX and repegging the dinar. As Dr Shabibi’s plan calls for first removing the zeros without any rate change, then monitoring for inflation. But this monitoring can only last a short time as I showed you who needs a 25 dinar note worth only 2 cents. Yes, they can get by with it for a short time, but they must revalue very shortly afterwards and go to FOREX. Then in my example the 25 dinar becomes worth something.

We can now clearly understand when the economic expert al-Fallujji points out that “replacing the currency under the current circumstances could lead to market instability, exploitation of the currency conversion process to artificially inflate prices, and increased speculation on the dollar and gold, in addition to the significant costs of printing the new currency, withdrawing the old, and upgrading banking and accounting systems and ATMs.”

He explained that “Iraq does not suffer from a crisis regarding the form of the dinar or the number of zeros, but rather from a structural economic and financial crisis, characterized by excessive reliance on oil revenues”. So, here you hear it again…..   

Al-Falluji says “Iraq needs to eliminate the causes of deficits, waste, corruption, and weak production before removing zeros from its currency.” 

Then what also comes out in the recent news? Please read this next article titled “THE GOVERNMENT REASSURES VIA AL-MADA: NO ZEROS WILL BE REMOVED AND THE CURRENCY WILL NOT BE AMENDED.”

 The Iraqi government reiterated that “there are no plans to change the national currency or remove three zeros from the Iraqi dinar. (at this time) It also denied any intention to resort to external borrowing to address current economic challenges, asserting that Iraq’s current situation is a temporary liquidity crisis, not a structural financial crisis.”

We all know this process of getting off the sole peg begins with the Project to Delete the Zeros and then shortly afterwards moving to FOREX. In the process of doing this the dinar is planned to then be repegged to a basket of currencies and get off the sole peg to the dollar. So, why don’t they just do it? Would it avoid having to devalue the dinar at this time to 1650?

I just need to wrap my head around the fact that this intel gurus from TNT  Tony and his pal Rayren, could even say that the project to delete the zeros was not necessary and the RV could happen any day /  every day for the last 23 years. We should all know now that this is unbelievable bullshit! I sincerely hope that there are many of you TNT followers learning something today and just who is actually scamming you because I know many of you do read my blog.  

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If you don’t believe me let’s explore yet another article today that gives us more direct answers to many of these questions about the holdup of the Project to Delete the Zeros. How many more of these articles do you need before you believe reality? Oh…. but this is a really good article to shake you up to the TRUTH.

I know many of you may not believe me when I explain things in my blog. You ask yourself; how does she know all this? Well… I do research and read the news from Iraq. I also still have many friends from my days in the US Army Intelligence Corps in high enough places in the governments to help me. It is that simple. Yes, I do not listen to these stupid nonsensical, idiot intel gurus on the internet or these diabolical sources that are trying to manipulate the markets. I look after your best interest to give you real, honest news. After all I want to know it too as I am an investor in the dinar myself. If this honesty and factual based info is what you actually want, then I encourage you to keep this blog alive. You must support it. Yes, every one of you reading this today. Remember I do not work for nothing anymore. We struggle to keep our gasthaus and we all work hard here. With almost a decade of not wanting any appreciation that time is over as this RV saga continues way beyond what we ever expected. Please decide to help out at least on a monthly ongoing basis if you have not yet done so. I do not want to  have to go to subscriptions and logons.

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So, let’s look at yet another interesting article titled “WHY DOES THE IRAQI DINAR REMAIN CHEAPER THAN THE KUWAITI AND JORDANIAN DINARS?” This article is really a WOW! WOW! WOW! one as it is all revealing to us investors and confirms many of the answers to the questions that I have been trying to reveal to you, like what is holding up the RV?  

I am going to quote directly from this article and then add in my own commentary to explain it. I hope this helps everyone:

 I quote: “Economic expert Hussein Al-Falluji revealed the reasons for the decline in the value of the Iraqi dinar compared to the Kuwaiti dinar and the Jordanian dinar . Al-Falluji said in a televised interview followed by Al-Sa’a Network that “the reasons are due to the existence of a gap between dollar revenues and dinar revenues in Iraq .”

So, this is telling me that the local economy must get stronger and meet or surpass the oil revenues? Can it? The local economy generates dinars and the oil generates dollars. Get it? That is the gap they are talking about. To get the dinar stronger then the dollar they must generate more revenues using the dinar than the oil generates from the dollar. Is this even possible? Or how much is enough? Is 45%-50% enough to raise the dinar equal to the dollar?

 Certainly, the US is not going to approve the selling of oil for dinars any time soon. Is it someday? Again, we go back to getting off the sole rentier economy of the petro-dollar as an answer to raising the dinar  like it or not.

So, again this last quote about the deciding on what constitutes criteria for the strength of this dinar always puzzles me. Does not oil come from the ground in Iraq? It is not sold on the market in high demand? Does it not generate enormous revenues? Why not include it in the value of the dinar then? The answer to this last question was given in the last quote. It is ‘artificially” separated (manipulated), get it?

They why penalize Iraq and not include oil in its value in the value of this dinar? You see this is exactly what they are doing when the exclude the oil from the value built into the dinar. It is called ‘artificial manipulation”. I know many of us investors keep talking about all the oil and how Iraq has one of the riches oil fields in the world, bla, bla, bla. But the true value of all this oil is not being reflected in the currency. I have to ask when is enough is enough to stop the fake manipulation of the dinar?  

Why is value the dinar almost solely based on the what the said local economy can generates. Why isn’t oil considered part of the revenue of the local economy as it is in Kuwait and Jordan? There is a disconnect here. Do you see it too? Yes, I see what the IMF and the US is doing in valuing the dinar and what they say Iraq needs to do to bring the value of the dinar up but is this really playing on a level playing field or just false manipulation? Is this coercion, a contradiction of what Trump told everyone to “we will be all on a level playing field, it is the only way we can compete”?  What is taking him so long then to change the biggest culprit of this currency problem, like with the Iraqi dinar not China or Japan? Is trade very fair for Iraq? How do they compete with the rest of the world?

Does Trump mean they all have to get fixed together? Are we maybe waiting on the Iranian Rial or others too? Is Iran a much bigger player than most think after all we do from time to time see the Rial on the bank screens as over $2 as a pending revaluation. Why haven’t they currently stripped the Rial off of FOREX like they did to the Iraqi dinar during its wars?

These questions are all VERY strong evidence that some plan is in the making behind the scenes that they are not telling most people about.   

I quote again: “He added that “Kuwait and Jordan have an internal income cycle that depends on the local currency, unlike Iraq, whose internal economic cycle depends heavily on the dollar .”

Is it clear to you now? How did Iraq get into this mess? Were these two gulf wars with Iraq intentional to booster the American dollar using the oil to do it? Was the US deficit killing the dollar? Did the banking cartel (the Federal Reserve) care about the large deficit or go along with it since it stands to make trillions off a larger deficit. Remember Saddam Hussien was NOT going along with the petro-dollar and wanted to use the IQD to sell oil. Do you see the plot here unraveling? Are you connecting the pieces as to why we still wait for the revaluation and move to FOREX. Does Iraq want it but the globalist and banking cartel is fighting this move? So, who or what is holding it back? You have to see it folks, it is right in front of your noses.

I quote again: “He explained that the Gulf states set the price of oil in their general budgets and transfer all financial surpluses to sovereign and investment funds, while Iraq sets its budget based on an optimistic price for a barrel of oil, then is surprised by a drop in selling prices, which causes a gap and a financial deficit that pushes it to borrow in order to cover expenses and pay obligation”  

So, this last statement in the article is playing out right now causing the devaluation of the dinar to around 1650 from 1320. It also tells us the dinar rate is not used for budgeting and never will as long as long as Iraq is – 1) its still selling oil for the petro-dollar or 2)cannot get the economy self-sufficient and generate revenues to pay its bills beyond the petro dollar revenues or at least beyond a reasonable level. They now have a plan under al-Zaidi as I have said is to generate up to 45% to 50% of non-oil related revenues. Will the Development Road Project help? Will the Customs and Tariffs revenue help? How many times have I already talked about this revenue to you? We read a few articles recently in my Newsletter about this new plan of Al-Zaidi.

I also want you to understand that we have read multiple articles over the years from the financial advisor Saleh to transfer all financial surpluses to sovereign and investment funds and not just dump it into a fund with Chase / JP Morgan bank in NYC under the control of the US Treasury. So this has to change too.  

I also get this feeling that the banking cartel through the Central Banking System wants countries to borrow money. First they put them in almost helpless situations using the IMF and the UN, then when they can’t pay their bills, go to the IMF to borrow. Iraq tried this before and paid off its loans to the IMF. It does not want to do it again. We read about all these loans in the consultation sessions with the IMF. Remember? So, this strategy from the CBI is a good thing. Through these loans is how Dr Shabibi was able to keep the rate of the dinar so low at 1166 or less. Remember those days? By not borrowing money another tool used is simply to devalue the currency. Again, I am shocked at Iraq even to have to think about any of these solutions with the amount of oil revenue they generate.  

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To be honest I must also include the slowness of Iraqi politics in getting things done as huge obstacle to the RV happening. I don’t know what it is with these Arabs…lol..lol..lol.. I also want to say that enforcement of new laws is also VERY lackadaisical and sometimes non-existent. We all witnessed it and many of you comment on it from time to time. In this next article we see this effect on Iraq. It is titled “ECONOMIC EXPERT: THE RISK OF A BLACKLIST REMAINS IF IRAQ’S COMMITMENTS ARE DELAYED.”

Economic expert Manar Al-Obaidi confirmed on Saturday (June 20, 2026) that the risk of being blacklisted still exists if Iraq’s commitments are delayed.   “Iraq is on the right track in the fight against money laundering and terrorist financing, following the recent statement issued by the Financial Action Task Force (FATF), while warning at the same time of the risks of laxity in implementing the agreed obligations.”

He added that “Iraq’s continued participation in the cooperative process with the Financial Action Task Force through an agreed joint action plan reflects its continued integration into the international financial system and the preservation of its banking relationships, without imposing any countermeasures against it.”

He explained that “this development is a positive indicator, but it does not mean the end of the challenges,” stressing that “the next stage requires serious work to implement anti-money laundering laws in all their forms in all governorates and regions without exception.”  He pointed out that “the opportunity is still available for Iraq to complete the requirements of financial reform, stressing that neglecting it will have a high cost to the state and citizens.”

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TRUMP’S PLAN FOR IRAQ AND THE MIDDLE EAST IS SLOWLY BEING UNVEILED

If you recall I have talked about a huge plan by the Trump administration for the middle east and how it definitely includes Iraq in a BIG way. Is anyone of these RV intel gurus  even talking about all this good news? Trump wants to bring investors into Iraq but there must be Stability and Security first, thus his demands to rid Iraq of Iranian influence. So, in this recent set of articles, we read more about Trump’s plans for Iraq. Yes, it is much more than most RV intel gurus image or even know about. If this plan is executed successfully, won’t they have to get the dinar back on track and on FOREX? Choo, Choo! 😊 Here are the articles titled “FINAL SIGNING AT THE WHITE HOUSE… AL-ZAIDI TO LAUNCH A “SECOND IRAQ” IN MID-JULY. – BARAK’S PLAN: BAGHDAD AS THE HEART OF A “NEW MIDDLE EAST”

Al-Zaidi and Barak
Ali al-Zaidi is close to setting a political precedent that could make him one of the fastest Iraqi prime ministers to reach the White House after assuming office. His anticipated visit to Washington in mid-July is not seen as a mere protocol visit, but rather as an attempt to inaugurate a new phase in the relationship between Baghdad and Washington, more than two decades after the 2003 regime change in Iraq.

Here is the other article titled “POLITICIAN: TRUMP SEEKS TO MAKE BAGHDAD THE GATEWAY TO THE NEW MIDDLE EAST PROJECT”

Political analyst Atheer al-Sharaa believes that “US President Donald Trump is seeking to make Baghdad a gateway to the New Middle East project by imposing his dictates to serve the American agenda.Al-Sharaa told Al-Maalouma that “US envoy Tom Barrack briefed Prime Minister Ali al-Zaidi on what Trump wants from Iraq in the coming phase, prior to al-Zaidi’s upcoming visit to Washington.”

That “the United States is striving to make Iraq subservient to its demands and interests in the coming phase, and in return, it will pay increased attention, especially since Trump has a New Middle East plan and seeks to make Baghdad the gateway to this project, which he has championed since 2020.”

Please take the time to read the entire set of articles in the Articles Section of the Newsletter.

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THE CBI GETS A NEW GOVERNOR! Why?

This next topic is being exploited by most RV intel gurus and I have to tell you they are filling you mind with lies again. It is titled “ALI AL-ALAQ WAS RELIEVED OF HIS POSITION AS GOVERNOR OF THE CENTRAL BANK AND NIZAR NASSER WAS APPOINTED IN HIS PLACE.” Yes, Ali al-Alaq has been replaced, it is true. It is up to the new prime minister of Iraq to appoint anyone as the governor of the CBI just as the president of the U.S. can appoint anyone to chair the IMF or the Federal Reserve. They did not put him there to force the RV because Alaq wouldn’t. This is mind-boggling stupidity.   

He added that “no official clarifications have yet been issued regarding the reasons for the dismissal or the nature of the changes related to the management of the Central Bank, while an official statement is expected to be issued clarifying the details of the decision and the mechanism for transferring duties.”

Nassar named Ali al-Alaq as his Adviser on Economic Affairs and so according to what my CBI contact told me, I look at this as a reorg not a disciplinary dismissal for non-performance or anything negative. I don’t know if many of you know but Nassar was already working inside the CBI as chief of Anti-Money Laundering and Counter-Terrorism Financing Office under the central bank.

Trust me folks it was not because Ali al-Alaq refused to RV and now Nizar Nasser is going to RV it for us. How stupid and silly are these kinds of statements being rumored by these intel gurus on the internet. Let’s just wait and see what happens. Also Nasser, was the head of the Anti-Money Laundering and Counter-Terrorism Financing Office under the central bank. Maybe, Al-Zaidi just needed someone as the director what was not as ‘soft’ or ‘lackadaisical’ on Money Laundering and Terrorism efforts and Nassar did not have enough power he needed to do his job while in that position. There may also have been conflicts with Ali Al-Alaq on this subject matter. I only hope Nassar is going do much better in these areas. These are two VERY important areas of concern for the RV. I want to add that if Alaq was so better in these areas, then why did were we still  reading so much negative statements in article after article on these two subject matters?  Simply put, he was probably too lackadaisical and they needed someone more forceful and demanding to fight it. Let’s just let it all play out and see.

The part I find interesting about this change  out of governors is in this article titled “AL-ZAYDI BEGINS REMOVING OFFICIALS AFTER BARRAK’S VISIT… AL-ALAQ IS OUT OF THE CENTRAL BANK, ACCORDING TO THE FRAMEWORK.”

The Iraqi News Agency and the media outlets affiliated with the Coordination Framework leadership continue to broadcast surprising and rapid news regarding the replacement of officials at the top of the pyramid, by orders issued by Prime Minister Ali al-Zaidi.

Minutes after the official news agency reported an order to replace the head of national security, known as Abu Ali al-Basri, who was the head of the infamous Falcons Cell during Nouri al-Maliki’s time, media outlets representing the main parties in the Coordination Framework rushed to report the dismissal of the head of the Central Bank of Iraq, Ali al-Alaq, and his replacement by Nizar Nasser, who was the head of the Anti-Money Laundering and Counter-Terrorism Financing Office of the Central Bank. This comes after nearly two days of long and complex discussions held by the Iraqi Prime Minister with Trump’s envoy in Baghdad, Tom Barrack.

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The remainder of the news is mostly about dealing with the militias, the disarmament, Iranian conflict and the appointment of the remaining of Al-Zaidi’s cabinet. I will let you take a peek at these articles for yourselves. They are all included in the Articles Section of the Newsletter. For me I am going to just let these items play out for themselves  unless there is critical news and the direction changes for the worst.

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Let’s keep our prayers alive. There is a deep spiritual dimension at work today bringing about this reset. I believe we are closer than ever for the dinar to get reinstated. But first things first. Part of the mess in the US must be cleaned up too. Then certain laws in Iraq must be passed. Certainly, reviving the economy to at least 45%-50% non-oil revenues could make a huge difference for Iraq and the IMF. 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.

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

“The Left Is Imploding ”

Go to the 14:05 mark in video for the prophecy. From June 14^th.  

“Many Corporations Are About To Fall”

Go to the 12:15  mark in video for the prophecy. From June 19th 2026.  

PERSPECTIVES ON THE IRAQI DINAR PROPHECIES

   

Fr. DON BOSCO EXPOSED THE DARK SECRET BEHIND ISLAM

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

WESTERN CULTURE: ARE WE BEING TOLD THE TRUTH OF WHAT’S HAPPENING IN IRAN BY THE MAJOR NEWS MEDIA CHANNELS?

Never-Before-Seen Footage of Massive Anti-Regime Protests Across Iran happening right now. the Islamic Republic has attempted to control the narrative through censorship, intimidation, internet shutdowns, and information warfare. But despite those efforts, Iranians continue to find ways to communicate with the world. Now, with internet access restored, footage that was previously inaccessible is finally emerging.

10-YEAR PLAN TO RESET THE DOLLAR

GLOBALISM MUST DIE. WHY?

This is part of my Awakening Series of presentations. If we investors are truly concerned about when the RV is going to happen on these currencies as part of the reset we should pay attention to what Kokinda is telling us. As I have been telling you it is much deeper. The end result of the process is freeing Iraq and until this is able to happen we will not see what we are looking for. I totally agree this RV should have happened in 2013 and so why not since then even? So, who or what is behind the scenes has a hold on Iraq? Can the Trump administration break his hold?

I want to add that if you remember the banking crash under the housing crisis many more banks would have folded had it not been for the infusion of dark cash into the system from the drug cartels. This legitimized their illegal money that normally would take much longer to launder. I believe there is going to be yet another huge banking crash. Finance experts keep telling this it is inevitable soon. But this time the infusion of cash is going to be more legitimate sources and much of it coming from the currency reset part of the process. Many experts keep telling us the system must first crash then to be rebuilt again under more sound practices to save it. For those of you who are military you might remember how the boot camp initiation first breaks you down, then slowly builds you back up to the image of soldier that they want. This same thing is going to happen to the global banking system. There will have to be a financial war against the globalist who have it too good for all too long. By globalist I mean the IMF, World Bank, Central Banking system, the United Nations, etc. This financial war has already begun and so we see it in the US Federal Reserve system and the changes that are going to take place. Then we see it in the oil industry and this one is about to get hit very hard, as new sources of energy, i.e. mini nuclear reactors, are about to take the scene. Eventually this charter with the Feds will be revoked and the US Treasury will take it over completely again, as it should have been all along.

We should all listen carefully to Kokinda, especially young adults in college or just coming into the workforce. I think it will open your eyes to the real fight that is going on under Trump and who is actually behind most the narratives they are pushing out. As an awakened person can clearly see, this war with Iran was not a usual war. Trump is not empire building. He is crashing the terrorism and drug cartels along with the nuclear ambitions of a terrorist Islamic Jhad state of Iran. I will add this is not an easy task and we can criticize Rubio and Trump. We listen to ignorant news idiots who screw with our rational minds. But we must remember a war is won with battles but it is the overall outcome that matters the most.

Many of my readers may look at the headline for this video and ask why is globalism so bad. If you are asking this question, you surely do not understand what the global elites are trying to do to the world and the sovereignty of our nations. On the surface we can define ‘globalization as follows: the process by which businesses or other organizations develop international influence or start operating on an international scale.

But this is not what the global elitist have in mind when they use this term. They try to convince you it is. Sounds simple, sounds all good. There is nothing wrong with global trade, but is it fair. There is nothing wrong with immigration but unvetted open borders does not work. Food and manufacturing quotas and mandates do not work. Socialism taking money from those who work hard and earn it, only to give it to the poor that does not work. So, we can see this goes much deeper.

Unfortunately, there is a notorious factor when you take the desires and dreams of the citizens of a nation out of the equation. Their intent is really to build a ‘One World Government’ system owned and operated by the elitist. They decide everything aspect of your life. It is pure imperialism masked by a group of convenient narratives to convince you it is all so good.

Yes, they decide all aspects of what happens in the world as they claim they know best. Well… we don’t have to go much further than to look what happened during the Covid pandemic, the Diversity, Equity and Inclusion (DEA) four years of the Biden administration and then the unchecked massive immigration and open borders. Also, we need to study the Central Banking System, the IMF or the World Bank and who they serve. They do not serve the nations they claim to work for but rather the global banking cartel.

WHEN COULD THE MARKET CRASH HAPPEN?

Peter Grandich: he lived through 1987, 2000, 2008 & covid – he’s most concerned now, here’s why

THE FED’S NEW PLAN TO SHRINK $40T WITHOUT PAYING IT BACK

TRANSPORTABLE NUCLEAR ENERGY: CAN THIS TINY REACTOR POWER OUR FUTURE?

Decades old prophetic words given by God tell us of very compact energy sources that will power our homes, autos, businesses and factories of the grid. I am not talking about solar. Could these tiny reactors be the start of this micro nuclear revolution? Is this the next one after AI? Can we now do this because of AI?

KEIR STARMER RESIGNS AS U.K. PRIME MINISTER

Why is this important to the U.S. and our RV?

A CHILLING WARNING ON ISLAM!

First, they are coming for the Jews then the Christians.

REP. COMER SAYS CRIMINAL REFERRALS ARE SITTING ON DESK AT DOJ

When are they going to prosecute these bastards?  

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.

Much to report today.

AMERICA’S GOLD ISSUE. WHAT’S REALLY HAPPENING.

The more I dig the more I find…..

THERE ARE HUGE OPPORTUNITIES FOR YOU IF YOU ARE POSITIONED IN THE RIGHT ASSET.

‘Reset’ Survivor Warns: The Dollar Isn’t Different – It’s Just Next

His ‘reset’ happened in Mexico Pesos.

Now I want you to remember what I am about to tell you about this RV is more than anything else I ever told you.

In this video he is describing the coming reset of the dollar not the dinar. But we are exchanging dinars for dollars,,,,right, aren’t we? If this reset of the dollar happens after the RV, and they will most probably lose value in our bank accounts, if inflation is not dealt with first. Is this not what Trump is now working on? The US dollar could potentially take a hit of 10% or more unless Trump’s strategy works and that is the key.    

How much of a hit will the US dollar take? Trump is trying to avoid any hit and this is why you are seeing him work so hard. His estate is at risk too. Don’t forget this!

This level of severity we don’t know.

The point of showing you this VERY important video is not to scare you but to make you aware that, if you really want to be a billionaire or even a millionaire, you better be well invested in the dinar to absorb the hit, if it does occur. In other words, be prepared. If a million does go to 10,000 you better have much more to offset it from the reset. But don’t be scared, as Trump is desperately trying to save the currency. Can you now see what he is trying to do for every American citizen? I know it’s a long road and most don’t know all the details. We must trust in the process of this reset.

To conclude this is where the crypto dollar comes into play and why the US is moving with it. No, not a central bank crypto but a US Treasury crypto. This is being done only to buy us some time to fix our dollar. Trump is trying to avoid the collapse and dropping zeros as much as he can. I encourage everyone to research this more for your own benefit.

THE DOLLAR’S GOLD PROBLEM JUST GOT BIGGER

GOLD, PAY ATTENTION TO GOLD: PROPHET KIM CLEMENT

Please see the blog section on the other great news on this subject matter here LINK.

ENDING THE “MILITIAS” AND THE RELATIONSHIP BETWEEN ERBIL AND BAGHDAD ARE ON THE TABLE FOR MASOUD BARZANI AND TOM BARRACK

 Kurdish leader Masoud Barzani discussed with US President’s Special Envoy for Iraq and Syria, Tom Barak, on Tuesday, ways to enhance stability in Iraq and the Kurdistan Region. While Barak stressed the need for Baghdad to restrict weapons to the state and end the influence of “militias,” Barzani pointed to the importance of the federal government’s commitment to the principles of partnership, balance, and consensus within the framework of the constitution.

A statement from Barzani’s headquarters, received by Shafaq News Agency, stated that Masoud Barzani received Ambassador Tom Barrack at the Salahaddin resort. During the meeting, Barrack emphasized that Iraq and the region need stability, and that the Kurdistan Region plays an important and essential role in the present and future, while expressing his admiration for the development and progress witnessed in the Kurdistan Region, describing it as exemplary.

For his part, Barzani stressed that the Kurdistan Region has always been a stabilizing factor, and that it supports dialogue and diplomatic solutions to all of Iraq’s and the region’s problems, noting that the Kurdistan Region has never been part of the problems, but has always been unfairly harmed by the consequences of wars and conflicts in the region. 

Barzani also stressed the need for the Middle East to move towards a stable situation that brings prosperity to the region’s inhabitants. In another part of the meeting, the importance of joint work and coordination between the Kurdistan Region and the new Iraqi government was highlighted. 

The US envoy spoke about the need for stability in the Iraqi political system and the protection of the state’s role in controlling unofficial armed forces, reiterating his country’s support for the Iraqi federal prime minister in the process of restricting weapons to the state and ending the influence of militias, as stated in the statement.

Regarding the new Iraqi government, Barzani affirmed his support for Prime Minister Ali al-Zubaidi, stressing the need for everyone to learn from the mistakes of the past and to work on the basis of the principles of partnership, balance, and consensus, and within the framework of the constitution.  

In another part of the meeting, views were exchanged on the situation in the region and its equations, and the two sides agreed to work together according to common priorities to enhance the stability of Iraq and the Kurdistan Region, and to build a long-term strategic friendship in economic aspects and to encourage investment.

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TRUMP: THE AGREEMENT WITH IRAN WILL BE SIGNED WITHIN THE NEXT 48 HOURS.

 US President Donald Trump suggested that the agreement with Iran would be signed within the next 48 hours.

Trump said in a press conference, {Al-Furat News} that “the Iran agreement will be signed within the next 48 hours,” indicating that “we will leave the American army in the Gulf for some time.”

He added, “If other countries possess ballistic missiles, it is unfair that Iran does not possess any ballistic missiles.”

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THE MEMORANDUM OF UNDERSTANDING WAS OFFICIALLY SIGNED BY THE PRESIDENTS OF THE UNITED STATES AND IRAN.

 (Mnt Goat: Remember this is only a meeting of the minds, this is NOT a treaty. There is still so much work to be done to finalize. I don’t think in the long term Iran will EVER come to agreement on most everything the U.S., wants. I don’t know why most will not read the title of the document. It simply says “Memo of Understanding” not treaty. Why all the negativity. Just pray and ask God to help the Trump administration through this ordeal and get a solid treaty in place. )

The Iranian Foreign Ministry announced that the text of the Memorandum of Understanding (MoU) was officially signed by US President Donald Trump and Iranian President Masoud Pezeshkian.

Western media outlets have published the final text of the Islamabad MoU between Iran and the United States.

**The Islamic Republic of Iran and the United States, jointly and in good faith, have agreed to the following:**

1. By signing this MoU, the Islamic Republic of Iran, the United States of America, and their respective allies in the current conflict declare an immediate and permanent cessation of hostilities on all fronts, including in Lebanon, and pledge not to initiate any war or military operations against each other from now on, to refrain from threatening or using force against each other, and to guarantee the territorial integrity and sovereignty of Lebanon. The final agreement will confirm the permanent cessation of hostilities on all fronts, including Lebanon, and the remaining provisions of this paragraph.

2. The Islamic Republic of Iran and the United States of America pledge to respect each other’s sovereignty and territorial integrity.

3. The Islamic Republic of Iran and the United States of America undertake to conduct negotiations and reach a final agreement within a maximum period of sixty days, extendable by mutual consent.

4. Upon the signing of this Memorandum of Understanding, the United States of America will begin lifting its naval blockade and any interference or obstruction against the Islamic Republic of Iran, and will completely end the naval blockade within 30 days. During this period, shipping traffic will be
proportionate to the volume of traffic established by the Islamic Republic of Iran before the war. The United States of America also undertakes to withdraw its military forces from the area surrounding the Islamic Republic within 30 days of the final agreement.

5. By signing this Memorandum of Understanding, the Islamic Republic of Iran will exert its utmost efforts to ensure the safe passage of commercial vessels, free of charge, for a period of sixty days only, from the Persian Gulf to the Sea of ​​Oman and vice versa. Shipping traffic will commence immediately, and given the necessity for the Islamic Republic of Iran to remove technical and military obstacles and clear mines, these will be established within 30 days. The Islamic Republic of Iran will discuss with the Sultanate of Oman the future management and maritime services in the Strait of Hormuz, in accordance with applicable international law and the sovereign rights of the coastal states of the Strait of Hormuz. They will also exchange views with other coastal states of the Persian Gulf.

The United States, together with its regional partners, commits to developing a final, mutually agreed-upon program for the reconstruction and economic development of the Islamic Republic of Iran, providing at least $300 billion. The implementation mechanism for this program will be finalized within sixty days as part of the final agreement. All necessary approvals, permits, and authorizations for related financial transactions will be provided by the United States.

7. The United States of America commits to ending all types of sanctions imposed on the Islamic Republic of Iran, including UN Security Council resolutions, IAEA Board of Governors resolutions, and all unilateral US sanctions, both primary and secondary, according to an agreed timetable as part of the final agreement. The Islamic Republic of Iran and the United States of America recognize the fundamental importance of ending the aforementioned sanctions and express their intention to address these issues immediately in negotiations to reach a mutually agreed understanding on them.

8. The Islamic Republic of Iran reaffirms that it will not produce or acquire nuclear weapons. The Islamic Republic of Iran and the United States of America have agreed to resolve the issue of enriched material stockpiles through a mutually agreed mechanism and according to the timetable outlined in paragraph 7, at a minimum through on-site dilution under the auspices of the IAEA. The two sides also agree to discuss the issue of enrichment and other mutually agreed issues related to the nuclear needs of the Islamic Republic of Iran, on the basis of a satisfactory framework to be agreed upon in the final agreement.

The final agreement will reaffirm the provisions of this section. The Islamic Republic of Iran and the United States of America recognize the fundamental importance of the aforementioned nuclear issues and express their intention to address these issues immediately in negotiations in order to reach a mutually agreeable solution.

9. The Islamic Republic of Iran and the United States of America agree to maintain the status quo until a final agreement is reached. The Islamic Republic of Iran will maintain the status quo regarding its nuclear program, and the United States will not impose any new sanctions on Iran or deploy additional military forces in the region.

10. The United States of America undertakes, immediately upon the signing of this Memorandum of Understanding and until the sanctions are lifted, to issue Treasury bills for the export of Iranian crude oil, petrochemical products and derivatives, and all related services, including banking, insurance, transportation, etc.

11. The United States of America undertakes to make all restricted or frozen funds and assets of the Islamic Republic of Iran fully available for use through the implementation of this Memorandum of Understanding. The United States of America and the Islamic Republic of Iran mutually agree on procedures for releasing these funds during negotiations. These funds, whether held in the primary account or transferred, must be
fully usable for payment to any end beneficiary designated by the Central Bank of the Islamic Republic of Iran. The United States undertakes to issue all necessary approvals and authorizations in this regard.

21. The Islamic Republic of Iran and the United States of America agree to establish an enforcement mechanism to monitor the successful implementation of this Memorandum of Understanding and future compliance with the final agreement.

31. Following the signing of this Memorandum of Understanding and subject to the implementation of paragraphs 1, 4, 5, 10, and 11 thereof and the continued implementation of these measures, the Islamic Republic of Iran and the United States of America will commence negotiations on the final agreement with respect to the remaining paragraphs exclusively.

41. The final agreement will be approved by a binding resolution of the United Nations Security Council.

◇ (Signed) on behalf of the Government of the Islamic Republic of Iran.
Date
◇ (Signed) on behalf of the Government of the United States .
Date
◇ (Signed) in the presence of the mediator
on behalf of the Government of the Islamic Republic of Pakistan.

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AL-ZAYDI BEGINS REMOVING OFFICIALS AFTER BARRAK’S VISIT… AL-ALAQ IS OUT OF THE CENTRAL BANK, ACCORDING TO THE FRAMEWORK.

The Iraqi News Agency and the media outlets affiliated with the Coordination Framework leadership continue to broadcast surprising and rapid news regarding the replacement of officials at the top of the pyramid, by orders issued by Prime Minister Ali al-Zaidi.

Minutes after the official news agency reported an order to replace the head of national security, known as Abu Ali al-Basri, who was the head of the infamous Falcons Cell during Nouri al-Maliki’s time, media outlets representing the main parties in the Coordination Framework rushed to report the dismissal of the head of the Central Bank of Iraq, Ali al-Alaq, and his replacement by Nizar Nasser, who was the head of the Anti-Money Laundering and Counter-Terrorism Financing Office of the Central Bank. This comes after nearly two days of long and complex discussions held by the Iraqi Prime Minister with Trump’s envoy in Baghdad, Tom Barrack.

The Iraqi government and the United States agreed on Tuesday, June 16, 2026, on a package of strategic, security and economic understandings, which focused on the complete disarmament of the factions and the restriction of weapons to the state, and providing security guarantees to protect American investment companies.

This came during a meeting held by Prime Minister Ali Faleh al-Zaidi with the US President’s Special Envoy Tom Barrack in Baghdad, in preparation for the anticipated summit between al-Zaidi and President Donald Trump at the White House in mid-July, amid a joint emphasis on supporting a federal, democratic and unified Iraq.

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ALI AL-ALAQ WAS RELIEVED OF HIS POSITION AS GOVERNOR OF THE CENTRAL BANK AND NIZAR NASSER WAS APPOINTED IN HIS PLACE.

An informed source reported today, Thursday (June 18, 2026), that the Governor of the Central Bank of Iraq, Ali Al-Alaq, has been relieved of his post, and Nizar Nasser has been assigned to manage the Central Bank in his place.

The source told Baghdad Today that “Nizar Nasser has been assigned to manage the Central Bank,” noting that “this came after the dismissal of the Governor of the Central Bank of Iraq, Ali Al-Alaq, from his position.”

He added that “no official clarifications have yet been issued regarding the reasons for the dismissal or the nature of the changes related to the management of the Central Bank, while an official statement is expected to be issued clarifying the details of the decision and the mechanism for transferring duties.”

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FINAL SIGNING AT THE WHITE HOUSE… AL-ZAIDI TO LAUNCH A “SECOND IRAQ” IN MID-JULY.

BARAK’S PLAN: BAGHDAD AS THE HEART OF A “NEW MIDDLE EAST”

Ali al-Zaidi is close to setting a political precedent that could make him one of the fastest Iraqi prime ministers to reach the White House after assuming office. His anticipated visit to Washington in mid-July is not seen as a mere protocol visit, but rather as an attempt to inaugurate a new phase in the relationship between Baghdad and Washington, more than two decades after the 2003 regime change in Iraq.

Political assessments suggest that the visit represents an opportunity to restructure the relationship between the two countries on different foundations, transcending the legacy of past years and opening the door to broader cooperation on energy, economic, and security issues. However, according to observers, this path will not be without obstacles, given the continued influence of Iran and armed factions in the Iraqi landscape.

The Iraqi government announced last Monday that al-Zaidi would visit Washington in mid-July at the invitation of US President Donald Trump, shortly after US envoy Tom Barrack’s visit to Baghdad, which was accompanied by leaks that sparked widespread interest regarding issues of weapons, corruption, and the future relationship between the two sides. Academic and political analyst Mohammed Naanaa believes that Tom Barrack’s meeting with al-Zaidi was a crucial step in preparing for the anticipated visit.
Naanaa told Al-Mada that the details of the visit were discussed during the meeting, including the issues mentioned in the Prime Minister’s office statement. 

These issues pertain to the complete disarmament of Iraqis, the consolidation of all armed groups under the command of the Commander-in-Chief of the Armed Forces, the expansion of the American presence in Iraq, particularly for companies operating in the southern oil fields, and the granting of significant licenses to Starlink. 

He added that these indicators, in his opinion, reflect an Iraqi alignment with the American vision for the future of the relationship between the two countries. He considers al-Zaidi’s visit to be pivotal and the culmination of a series of contacts, dialogues, and reciprocal visits led by Barrack and the US Chargé d’Affaires in Baghdad, leading to what he describes as “the final signing of the new relationship between the two sides.” But Naanaa believes this path will not be without its challenges. He argues that any stability Tehran achieves will prompt it to revitalize its influence within Iraq, and that armed factions may return to exert greater pressure on the power structure, either directly or through their political representatives in parliament and the government. The researcher emphasizes that Iraq should consider what it stands to gain from this burgeoning relationship, which is expected to culminate in the White House meeting on July 15. He stresses the importance of securing clear American support in three key sectors: banking, energy, and defense. According to Naanaa, Baghdad needs American assistance in acquiring air defense systems to protect the country, and support that will help liberalize the Iraqi monetary system, reduce exchange rate volatility, and mitigate the impact of the parallel dollar on citizens’ livelihoods. Furthermore, assistance is needed to resolve the gas import crisis for electricity generation through alternative solutions, including floating power platforms. The issues of weapons and sovereignty were also discussed. During their recent meeting in Baghdad, al-Zaidi and Barak emphasized the importance of building a strong and mutually beneficial Iraqi-American partnership.

According to the official statement, the two sides discussed a shared vision for building a “brighter, terrorism-free” future, implementing plans for complete disarmament, dissolving all armed groups and formations operating outside the authority of the state, and ensuring that weapons are solely in the hands of the state and that full sovereignty is established.

They also stressed the need to keep Iraq out of regional conflicts and prevent its territory from being used by any party to threaten security and stability in the region, emphasizing the urgent need to fully achieve these goals.
Iraq at the heart of a new Middle East.

Former diplomat Ghazi Faisal, however, views the visit from a broader perspective that transcends the bilateral relationship between Baghdad and Washington.
He tells Al-Mada that the new American initiative, which emerged after Tom Barrack was assigned the Iraq portfolio, is based on major strategic projects, including strengthening coordination and economic integration between Iraq and Syria, ultimately aiming to build a nucleus of regional cooperation that may later include Cairo, Amman, and Beirut, in addition to Baghdad and Damascus.

Faisal believes the region is facing a new phase, especially after what he calls the “historic agreement” to resolve long-standing crises with Iran dating back to 1979. He considers this agreement a precursor to a new Middle East map based on development rather than wars and conflicts.

He adds that Iraq is at the heart of these transformations, and that al-Zaidi’s visit could be a starting point for the country’s transition from the security, political, and economic chaos that has accompanied the post-2003 era to building a truly democratic state.
He emphasizes that the visit could lay the foundation for deeper economic and investment relations, because, as he describes it, investment is what creates jobs and stimulates the economy, while currently, about 75% of the budget goes to salaries at the expense of development and investment.

Faisal also expects the United States to support Iraq’s efforts to combat corruption within ministries, banks, and companies, and to pursue networks involved in smuggling and money laundering.

He points out that the environment created by armed factions and financial corruption in recent years has driven companies and investors to leave Iraq or freeze their projects, which necessitates providing new security and political guarantees to restore confidence in the Iraqi economy.

The visit he concludes, represents an opportunity to review the mistakes made by Washington and Iraqi political parties over the past two decades, and to move Iraq from a failing and declining state to a more stable one, better able to integrate into its regional environment. According to political sources who spoke to Al-Mada, Tom Barrack only arrived in Baghdad after Washington received initial positive signals regarding several demands it had previously conveyed to the Iraqi government. 

The sources describe Barrack’s visit as pivotal in the course of Iraqi-American relations, considering it the foundation for a new phase, distinct from the period following 2003, based on clear commitments and mutual interests. 

The most prominent American demands, according to these sources, include the disarmament of all armed factions without exception, preventing their participation in the government, and completing the integration of the Popular Mobilization Forces (PMF) into official security institutions after removing leaders affiliated with armed factions. The sources indicate that these issues are still under discussion and have not yet been definitively resolved.

The American demands also include closing more than ten banks accused of smuggling dollars and involvement in money laundering, restructuring other financial institutions, expanding anti-corruption measures, and opening the door to broad American and Gulf investments. According to sources, Washington links the success of these measures to the influx of major investments that Baghdad needs in the energy, infrastructure, and services sectors.

If these conditions are not met, Barak informed Iraqi officials, according to the same sources, that “all options are open,” and that the United States will act in accordance with its interests.

Compared to his predecessors, if the visit takes place as scheduled, al-Zaidi will be one of the fastest Iraqi prime ministers to reach the White House.
Only Nouri al-Maliki rivals him in this regard, having visited Washington four times during two terms, with his first visit coming just two months after assuming the premiership. In contrast, Mohammed Shia al-Sudani waited about 17 months before meeting former US President Joe Biden, amid American reservations and internal complications.

For his part, Ahmed al-Yassiri, an Iraqi political analyst residing in Australia, believes that focusing on the speed or timing of the visit does not reflect its true importance.
He tells Al-Mada that al-Zaidi did not request the visit, but rather received an invitation from the US administration. Therefore, linking its significance to the time elapsed since his assumption of office is inaccurate.

He adds that the visit’s true importance lies in providing the Iraqi political system with American backing during a sensitive regional period, and in restructuring the relationship between Baghdad and Washington amidst the ongoing transformations in the region, particularly concerning the Iranian issue and the redrawing of security and political alliances.

Al-Yassiri, who also heads the Arab-Australian Center for Strategic Studies, believes the visit will also exert internal pressure on the Iraqi government to present a realistic program regarding investment and the entry of American companies, in addition to ensuring the continued flow of Iraqi funds and preventing the country from being exposed to the risks of US sanctions.

He emphasizes that these issues will shape the features of the next phase, regardless of al-Zaidi’s ability to achieve quick results or immediate breakthroughs.

Political support or practical results?
Munqith Dagher, Middle East and North Africa director and a member of the board of directors of Gallup International, views the visit as more of a message of political support than an exceptional event.

He tells Al-Mada that the visit carries a ceremonial dimension for al-Zaidi and represents an American attempt to demonstrate its support for the Iraqi Prime Minister, especially since Washington—in his estimation—played a key role in his rise to power through Tom Barrack. Dagher believes the timing might have been better had it been delayed slightly, but he acknowledges that American motives dictated the visit’s timing. He adds that it wouldn’t be a negative development if al-Zaidi succeeds in using the opportunity to raise important Iraqi issues and secure greater American support on vital matters.
He concludes by saying that the true measure of the visit will depend on its actual outcomes: will it remain within the realm of protocol and political messaging, or will it become a starting point for genuine progress on the outstanding issues between Baghdad and Washington?

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ECONOMIST: THE 2026 BUDGET TRAIN HAS LEFT THE STATION… THE GOVERNMENT IS PATCHING UP THE DEFICIT BY BORROWING.

 
(Mnt Goat: Not true! They are going to devalue the dinar instead of borrowing. Be careful what they put in print and always wait to verify  it with other news and sources inside Iraq. choo-choo! 😊)

Economic expert Basil Al-Obaidi confirmed today, Thursday, that insisting on preparing and approving the general budget at this time is “a form of absurdity” and has no benefit whatsoever, at a time when the country’s financial affairs are being managed by “patchwork” and borrowing from banks.

Al-Ubaidi told Al-Maalomah that “the train has already left the station. Iraq is now staggering at the end of the sixth month, and the bureaucratic processes involved in approving the budget will inevitably hinder and delay it until next September.” He added that “a budget approved for only three months of a fiscal year that is nearing its end is worthless.”

He added, “The preparation of the budget depends primarily on estimating revenues and expenditures, which is difficult to achieve at the present time, given the significant decline in the country’s revenues as a result of the repercussions of the regional crisis and the disruption of export traffic through the Strait of Hormuz.”

Al-Obeidi pointed out that “Iraq needs a period of no less than two months to restore some degree of financial stability, pending an improvement in oil revenues and the return of exports to their normal levels, in the event that the Strait of Hormuz is reopened and all the technical and logistical requirements related to pumping Iraqi crude oil to the ports and export outlets are completed.”

The economist warned that “the anticipated budget will turn into an arena for political bidding, where it will be bombarded with explosive demands that a short-term budget cannot accommodate, starting with a flood of appointments, bonuses and patchwork, and ending with a conflict over projects.”

Al-Ubaidi called on the Cabinet to “preemptively address the crisis and prepare a draft law for an exceptional operational budget for emergencies, to manage the remainder of the year, while postponing the comprehensive budget to 2027,” stressing that the upcoming budget must be “real and completely different from its predecessors, which existed only on paper.”

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THE STATE OF LAW COALITION IS DEMANDING AN EMERGENCY SESSION TO DECIDE ON THE REMAINING MINISTERIAL APPOINTMENTS.

Imran Karkoush, a member of the State of Law Coalition, stressed the need to resolve the issue of the ministerial cabinet and to form a fully constituted government, pointing to the importance of holding an emergency parliamentary session in response to the call of the Coordination Framework in order to resolve the remaining ministerial portfolios.

Karkoush told Al-Maalomah, “The coordination framework had previously called for a session of the House of Representatives to finalize the government file and complete the ministerial cabinet of Al-Zidi’s government, after the council failed to pass the entire cabinet in the recent past.”

He added that “the government is still lacking a quorum with regard to the number of ministers, as it is working incompletely and needs to resolve the issue quickly and complete the selection of the nine ministers for the remaining ministries and vote on them within the House of Representatives in an emergency session in order to ensure a complete government with a full quorum and powers.”

He explained that “there are key ministries that need to quickly finalize the selection of their ministers, such as the Interior, Defense, and Higher Education ministries, as they need ministers with genuine expertise who prioritize the interests of the citizen and the country.”

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CABINET FORMATION: ADVANCED NEGOTIATIONS UNDERWAY TO FINALIZE REMAINING NAMES BEFORE AL-ZIDI’S VISIT TO WASHINGTON

The Iraqi political scene is witnessing rapid activity to resolve one of the most prominent outstanding issues in the government formation process: completing Prime Minister Ali al-Zubaidi’s cabinet. This comes amid growing indications that political forces are nearing final agreements on the remaining ministerial posts.

These moves coincide with efforts within the Coordination Framework to review certain government arrangements, including the potential elimination of deputy prime minister positions and a reduction in what is described as administrative bloat, as well as a reconsideration of several candidates nominated for the remaining portfolios. Statements from political leaders confirm advanced agreements that could pave the way for an extraordinary parliamentary session in the coming period to definitively resolve the issue, thus ensuring the completion of the government formation before the anticipated political and diplomatic events.

Nine ministries are awaiting resolution. In this context, Hussein al-Saabri, a member of the Reconstruction and Development Coalition, stated that a parliamentary session will be held in the coming days to finalize the cabinet after the legislative recess.
Al-Saabri explained in a statement to Al-Maalomah that “understandings regarding the completion of the remaining nine ministerial posts have reached an advanced stage among the political forces.”

He added that “the Speaker of Parliament will call for a session after the legislative recess ends, should the final agreements between the political parties be reached.”
He indicated that “there is significant progress in the ongoing discussions among the political forces to resolve the issue of the vacant ministries in the coming phase.”
He pointed out that the Coordination Framework forces are striving to complete the remaining ministerial portfolios before Prime Minister Ali al-Zubaidi’s anticipated visit to Washington, as part of efforts to fully resolve the government formation process.

Regarding the abolition of deputy prime minister positions, Salam al-Zubaidi, a leader in the Reconstruction and Development Coalition, revealed that the Coordination Framework forces agreed during their recent meeting to abolish the deputy prime minister positions, in addition to setting a date for an emergency parliamentary session to complete the cabinet.

Al-Zubaidi told Al-Maalomah that “the forces within the Coordination Framework unanimously agreed to hold an extraordinary emergency session to complete Al-Zidi’s cabinet, to be held after the conclusion of the Ashura commemorations.”
He added that “the Prime Minister will officially inform the Speaker of Parliament to set the date for the session.”

He explained that “the political forces within the Framework agreed to abolish the positions of Deputy Prime Ministers entirely, considering them redundant and a form of governmental bloat, in addition to the fact that they would embroil the political forces in new problems and disputes they can ill afford.”

He indicated that “the Framework Agreement also included amending the nominees for the Planning, Interior, and Higher Education portfolios, replacing them with alternative figures to finalize the matter.”

Political indicators suggest that the forces participating in the government are seeking to complete the cabinet formation process entirely in the coming period, by reaching an agreement on the nominees for the vacant ministries and resolving outstanding issues in preparation for presenting them to Parliament for a vote.

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THE GOVERNMENT WILL BE FORCED TO CHANGE THE EXCHANGE RATE AFTER THE COUNTRY’S ECONOMIC DOWNTURN

 Information/Baghdad…
The head of the political body of the National Tribal Movement, Abdul Rahman al-Jazaeri, confirmed that the government will be forced to change the dollar exchange rate in local markets after the economic downturn the country has witnessed as a result of the war in the region.

Al-Jazaeri told Al-Maalouma, “The Prime Minister’s move to increase the value of the dollar in local markets at the expense of the Iraqi dinar is possible and not unlikely given the conditions and developments in the region and their repercussions on Iraq.”
He added, “The war in the region has had a complete and clear impact on all Iraqi economic programs, the budget, the dollar exchange rate, and foreign transactions, in addition to the disruption in the export of Iraqi oil.”

He explained that “the urgent need compels the government to take measures that will increase the exchange rate in local markets in order to put the economy back on track, especially with an economic figure at the top of the executive branch.” 

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POLITICIAN: TRUMP SEEKS TO MAKE BAGHDAD THE GATEWAY TO THE NEW MIDDLE EAST PROJECT

Political analyst Atheer al-Sharaa believes that US President Donald Trump is seeking to make Baghdad a gateway to the New Middle East project by imposing his dictates to serve the American agenda.

Al-Sharaa told Al-Maalouma that “US envoy Tom Barrack briefed Prime Minister Ali al-Zaidi on what Trump wants from Iraq in the coming phase, prior to al-Zaidi’s upcoming visit to Washington.”

He added that “the United States is striving to make Iraq subservient to its demands and interests in the coming phase, and in return, it will pay increased attention, especially since Trump has a New Middle East plan and seeks to make Baghdad the gateway to this project, which he has championed since 2020.”

He explained that “there is an American plan aimed at controlling all of Iraq through this project, especially since Washington is holding onto the economic card with Iraq, where Iraqi oil is sold and the proceeds are deposited in the US Federal Reserve.”

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IRAN’S IRGC SETS UP SECRET IRAQ CELLS TO ATTACK US BASES IN GULF

  Iran’s Islamic Revolutionary Guard Corps (IRGC) has established clandestine cells in Iraq to launch attacks on Gulf countries hosting US troops, bypassing established Iraqi armed factions to avoid detection, Reuters reported on Friday, citing Iraqi military, security, and “militia” sources.

The network consists of three or four cells, each made up of around 10 elite Iraqi Shiite fighters operating outside the command structure of the Islamic Resistance in Iraq, an umbrella alliance of Iran-backed factions, and reporting directly to Tehran. The sources said fighters launched at least seven drone attacks from desert areas near Basra and Samawa between April 20 and May 17 against sites in Kuwait, Saudi Arabia, and the United Arab Emirates.

According to the report, the development points to a shift in Iran’s regional approach as it seeks to preserve its influence while confronting military setbacks, economic difficulties, and the erosion of allied armed groups. Several major Iraqi factions have recently signaled a willingness to disarm and shift their focus to domestic politics, a trend that may have encouraged Tehran to rely on smaller, tightly controlled networks.

“The newer groups established by the IRGC appear smaller, more ideologically hardened and more tightly controlled, reflecting Iran’s need to conserve resources amid economic strain,” retired Iraqi army general Jasim Al-Bahadli remarked.

The allegations, the report added, present an early test for Iraqi Prime Minister Ali Al-Zaidi, who has pledged to prevent Iraqi territory from being used to threaten regional security. Iraqi authorities are investigating whether recent attacks on Gulf states originated inside Iraq, while Kuwait, Saudi Arabia, and the United Arab Emirates have lodged protests with Baghdad.

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ECONOMIC EXPERT: THE RISK OF A BLACKLIST REMAINS IF IRAQ’S COMMITMENTS ARE DELAYED.

Economic expert Manar Al-Obaidi confirmed on Saturday (June 20, 2026) that the risk of being blacklisted still exists if Iraq’s commitments are delayed.

Al-Obaidi said in an analysis seen by “Baghdad Today” that “Iraq is on the right track in the fight against money laundering and terrorist financing, following the recent statement issued by the Financial Action Task Force (FATF), while warning at the same time of the risks of laxity in implementing the agreed obligations.”

He added that “Iraq’s continued participation in the cooperative process with the Financial Action Task Force through an agreed joint action plan reflects its continued integration into the international financial system and the preservation of its banking relationships, without imposing any countermeasures against it.”

He explained that “this development is a positive indicator, but it does not mean the end of the challenges,” stressing that “the next stage requires serious work to implement anti-money laundering laws in all their forms in all governorates and regions without exception.”

He added that “the responsibility for accomplishing this task lies with various parties, starting with the executive bodies concerned with enforcing the law and implementing procedures, passing through the legislative bodies that are responsible for completing the necessary legal frameworks, and reaching the community and the private sector through promoting awareness, commitment and reporting of violations.”

Al-Obeidi warned that “failure to implement the agreed-upon procedures within the specified timeframes could expose Iraq to significant losses and increase the likelihood of its being placed on the blacklist, which would have negative repercussions on the financial sector and the national economy in general.”

He pointed out that “the opportunity is still available for Iraq to complete the requirements of financial reform, stressing that neglecting it will have a high cost to the state and citizens.”

Al-Obaidi praised “the efforts of the official bodies that contributed to strengthening cooperation with international institutions, foremost among them the Anti-Money Laundering and Counter-Terrorism Financing Office and its professional staff,” noting that “the role played by the office in the recent negotiations was a key factor in avoiding Iraq being included on the blacklist.”

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WHY DOES THE IRAQI DINAR REMAIN CHEAPER THAN THE KUWAITI AND JORDANIAN DINARS?

 Economic expert Hussein Al-Falluji revealed the reasons for the decline in the value of the Iraqi dinar compared to the Kuwaiti dinar and the Jordanian dinar .

Al-Falluji said in a televised interview followed by Al-Sa’a Network that “the reasons are due to the existence of a gap between dollar revenues and dinar revenues in Iraq .”

He added that “Kuwait and Jordan have an internal income cycle that depends on the local currency, unlike Iraq, whose internal economic cycle depends heavily on the dollar .”

He explained that “the Gulf states set the price of oil in their general budgets and transfer all financial surpluses to sovereign and investment funds, while Iraq sets its budget based on an optimistic price for a barrel of oil, then is surprised by a drop in selling prices, which causes a gap and a financial deficit that pushes it to borrow in order to cover expenses and pay obligations 

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RAPID STEPS

  Since the formation of the new government, two files have seen rapid progress, with hardly a day passing without signs of clear advancement. These files are the handover of weapons to the state and the fight against corruption.

The widespread national support that greeted the Prime Minister’s efforts regarding the disarmament process was twofold: political and popular. Following the initiative of the leader of the Shiite National Movement, Sayyid Muqtada al-Sadr, to integrate the Peace Brigades into the state’s security institutions, and subsequent initiatives by other factions, a popular and media landscape emerged in support of this direction. This revealed a public opinion that backed the actions of Sayyid Ali Falih al-Zaidi’s government. Above all, these steps are based on the visions and guidance of the Supreme Religious Authority in Najaf, which has been keen for several years to give this issue considerable attention.

The success of the government’s efforts in this regard can be seen in several steps, the most recent being the meeting between the Prime Minister and US envoy Tom Barrack, which resulted in security understandings that included a package of measures for disarmament and the provision of security guarantees to protect investment companies. It can also be seen in the Prime Minister’s meeting with tribal leaders and his reaffirmation of the commitment to the weapons control project, as well as in the changes he made to certain key positions within the security apparatus.

In the other file, which is the file of combating corruption, the establishment of the Supreme Sovereign Council for Integrity was a gateway to thwarting major waste operations and arresting those accused of manipulating public funds, in addition to drying up the sources of corruption through a package of changes that included dismissals and transfers in sensitive financial and investment sectors.

Both documents indicate the government’s determination to enforce the law and assert the power of the state. This constitutes the core of the program the government has presented since its formation.

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AN ECONOMIC EXPERT WARNS VIA NINA AGAINST REMOVING ZEROS… IRAQ NEEDS TO ELIMINATE THE CAUSES OF DEFICIT, WASTE, AND CORRUPTION.

Former MP and economic expert Hussein al-Falluji warned against rushing the implementation of the project to remove three zeros from the Iraqi dinar and replace the currency, stressing that “this measure will not raise the real value of the dinar, increase the purchasing power of citizens, or address the deep imbalances plaguing the Iraqi economy.”

In a statement to the National Iraqi News Agency , al-Falluji said , “Removing zeros is merely a nominal and accounting change to the monetary unit, whereby 1,000 dinars become one new dinar, while prices, salaries, deposits, and debts are changed proportionally, without any real increase in wealth or income.” 

He added, “The danger lies in presenting this measure to the public as an economic reform or a means to strengthen the dinar, while the strength of a currency is not determined by the numbers printed on it, but rather by the strength of production, the stability of public finances, the volume of exports and foreign reserves, confidence in the banking system, and the ability to control inflation and the deficit.” 

The economic expert pointed out that “replacing the currency under the current circumstances could lead to market instability, exploitation of the currency conversion process to artificially inflate prices, and increased speculation on the dollar and gold, in addition to the significant costs of printing the new currency, withdrawing the old, and upgrading banking and accounting systems and ATMs.”

He explained that “Iraq does not suffer from a crisis regarding the form of the dinar or the number of zeros, but rather from a structural economic and financial crisis, characterized by excessive reliance on oil revenues, inflated current expenditures and the public sector wage bill, weak non-oil revenues, poor collection of taxes, fees, and services, declining domestic production, and a weak private sector and banking system.” He emphasized that “removing zeros will not change this equation. If the state is spending 100 trillion dinars and collecting limited local revenues, after removing the zeros it will spend an additional 100 billion dinars, while the deficit and financial imbalance will remain the same.”

Al-Falluji called on the government and the Central Bank to refrain from seeking “emotional or propagandistic” measures that give the public a temporary impression of currency strength. Instead, he urged them to focus on a serious economic reform program that begins with reforming public finances, controlling spending, developing local revenues, reforming the dinar income cycle, developing the banking sector, stimulating industry and agriculture, and reducing dependence on imports.

He added, “Removing zeros should be a result of actual economic and monetary stability, not a superficial means of creating this stability. Iraq needs to eliminate the causes of deficits, waste, corruption, and weak production before removing zeros from its currency.” It is worth noting that government spokesman Haider al-Aboudi confirmed in a statement to the official newspaper that the government and the Central Bank of Iraq are adopting a flexible economic approach regarding the exchange rate policy of the US dollar against the Iraqi dinar, which currently stands at 1,557 dinars. Al- Aboudi explained in a press statement that “this policy is based on achieving the national interest and enhancing economic stability, and can be described as an exchange rate policy consistent with the requirements of economic growth.”

He pointed out that this approach seeks to achieve a carefully considered balance between the exchange rate and GDP, reflecting the true strength of the national economy and its structural characteristics, and ensuring the stability of macroeconomic indicators.

He explained that the monetary policy authorized by the Central Bank of Iraq under its law is consistent with the government’s general directions, which are based on strengthening economic solutions and activating the tools for sustainable growth. 

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THE GOVERNMENT REASSURES VIA AL-MADA: NO ZEROS WILL BE REMOVED AND THE CURRENCY WILL NOT BE AMENDED.

The Iraqi government reiterated that there are no plans to change the national currency or remove three zeros from the Iraqi dinar. It also denied any intention to resort to external borrowing to address current economic challenges, asserting that Iraq’s current situation is atemporary liquidity crisis, not a structural financial crisis.

Government spokesperson Haider al-Aboudi told Al-Mada in an exclusive statement that reports circulating about the imminent removal of three zeros from the Iraqi currency, a revaluation of the dinar, or an adjustment to the dollar exchange rate are not based on any official decisions. He emphasized that the government has no such plans at present.

Al-Aboudi explained that the existence of printed banknotes does not necessarily indicate any intention to change the currency or adjust its value. He pointed out that determining the monetary value and managing the money supply are governed by the monetary policy adopted by the Central Bank and relevant authorities, and that any decision concerning the exchange rate or the currency structure will be announced exclusively through official channels.

Regarding the financial situation, Al-Aboudi affirmed that the government does not intend to resort to borrowing, whether domestic or foreign, to address the current pressures. He explained that the challenges facing the country are related to temporary factors imposed by recent regional changes and their resulting economic repercussions, and do not indicate a comprehensive financial crisis.

He added that Iraq possesses significant economic potential and financial resources that enable it to overcome this phase, emphasizing that government agencies are continuously monitoring economic developments and taking the necessary measures to maintain financial stability and secure the state’s essential obligations.

The official spokesperson for the Council of Ministers stressed that the government has a range of alternatives to address the current financial pressures, confirming that the option of external borrowing is not on the table at present.
He pointed out that the Ministry of Oil is working according to a plan aimed at diversifying revenue sources and strengthening the state’s financial resources, noting that the ongoing exploration work in an oil well in northern Iraq may contribute to increasing public revenues in the future.

Regarding the issue of government appointments, Al-Aboudi explained that this matter is directly linked to the approval of the general budget. He indicated that the 2027 budget will adopt a “program budget” approach and will include coverage of essential financial obligations, primarily employee salaries.
Al-Aboudi also addressed the issue of combating corruption, emphasizing that the Integrity Commission and relevant executive bodies are continuing to audit and monitor various cases. He noted that the Prime Minister has issued directives to review all government contracts, in addition to decisions made during the last cabinet meeting, which included halting several projects that had reached approximately 50 percent completion, pending the completion of audits and evaluations.

Concerning administrative changes within state institutions, he clarified that the government views changes in positions as part of an administrative approach aimed at improving institutional efficiency and enabling them to perform their duties more effectively, rather than as a punitive measure. He affirmed that this approach will continue in a number of institutions, particularly security institutions.
Regarding the electricity sector, Al-Aboudi affirmed that the Prime Minister has placed it among the government’s top priorities for the coming period. He explained that the 2027 budget will give special attention to the energy and electricity sectors through programs and projects aimed at developing infrastructure and improving service levels.

The Iraqi economy relies heavily on oil revenues, which constitute between 90 and 95 percent of the general budget. This means that any decline in oil exports directly impacts the state’s ability to finance its operational obligations, particularly salaries, pensions, and social welfare, which require approximately 9 trillion Iraqi dinars monthly, equivalent to about $6.8 billion.

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AL-KINANI REVEALS A GOVERNMENT PLAN TO RAISE THE DOLLAR EXCHANGE RATE TO 165,000 NEXT SEPTEMBER.

On Sunday (June 21, 2026), MP Ahmed Salim Al-Kinani, from the State of Law Coalition, revealed an anticipated government plan to raise the exchange rate of the US dollar to between 160,000 and 165,000 Iraqi dinars per 100 dollars, instead of the current rate of 132,000 dinars.

Al-Kinani said in a press statement, which was followed by “Baghdad Today”, that “this measure, which is expected to be implemented in September of this year (2026), comes as a necessary step that the government resorts to in order to secure operational expenses, foremost among which are the salaries of state employees and allocations for the social welfare network.” 

Al-Kinani warned of the “direct negative repercussions of this decision on the living conditions of citizens, especially those with limited income.” 

He pointed out that “this trend will coincide with the imposition of additional customs duties of (15%) and a sales tax of (3%), which will negatively and directly affect the purchasing power of the Iraqi citizen as a result of the expected rise in prices.“

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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.

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Mnt Goat