The effort towards rebuilding the economy, is stated clearly in a short article titled: “The private sector has begun a new phase”. Here we read that Dr. Murtadha Al-Khafaji, a member of the Iraqi Businessmen Union, stated that the Iraqi private sector has begun a new phase that is different from the previous one, and it has become possible to rely on its capabilities to implement projects.
Yes, the growth of the economy is dependent on rebuilding the infrastructure, these projects that have been delayed for so long. Why were they delayed? The funding was surely there for many of them. There is one word from the past that held back Iraq and the word is “corruption”. Now the 2025 budget is providing funds to complete many of these projects and expand the private sector. Al-Khafaji said: “The projects implemented by the Iraqi private sector indicate the potential of local effort, which has become comparable to global effort, as local capabilities have been developed during the last decade. He added that Iraqi human resources have gained a lot of experience, through interaction with global expertise, which has worked in more than one economic aspect. He pointed out that national companies must occupy the appropriate place within the local labor market.”
So, we can see how one thing builds and allows something else to occur. Is that not how a nation is built?
Next, we read in the article titled “BOTTLENECK RISKS: IRAQ’S RELIANCE ON A LIMITED NUMBER OF CORRESPONDENT BANKS”. The Iraqi economic and financial system is facing a major transformation with the cessation of the “window” and “platform” and the shift to direct bank transfers, which may reveal gaps in the readiness of financial institutions for this change. If have been following this currency auction saga and all its corruption over the last decades, you can see this is going to be huge, huge and be exciting but also very scary too. Like I said the longer you do things one way, even if its supposed to be temporary (as the currency auctions were supposed to be) the harder it is to revert back to a normal way of doing business. You also have the “keepers” of the goose who lays the golden eggs and they are not going to let go without a fight. So, we see the negative articles. We must be smart enough to see through them ad ignore them.
The above article also talks about the Central Bank, and how, it was not able to rehabilitate and develop Iraqi banks and prepare them for the platform’s shutdown phase in time, and it will be forced to rely on only 4-5 banks initially that have the ability to pass direct transfers through their correspondent banks, which will create a large (financial bottleneck), so they predict. But again this is only their “opinion”. The author also pointed out and I quote – “that these fundamental changes coming to the Iraqi monetary and financial system, and the challenges and risks they entail, have not yet motivated either the government or the Central Bank to move and adopt a special and urgent action plan related to dealing with the variables and data of this critical transitional period, which the Iraqi economy has never experienced before!”
Then we learn in another the article titled “AL-ALAQ CALLS FOR FIXING THE PRICE OF A BARREL OF OIL IN THE BUDGET AT $40” Yes, when the CBI talks I listen. Ali Al-Alaq has never let me down. I am big fan of his. I do believe in his plan to bring this reinstatement to reality. He is a very strong believer in the possibility of the great wealth that could be Iraq’s, if only they can manage these much needed reforms.
In this news articles we also find that Ali Al-Alaq, the governor of the Central Bank, revealed the imminent/establishment of national companies and banks specialized in electronic payment and financing small projects, while calling for fixing the price of a barrel of oil in the budget at $40. So, to me it sounds like he has control over the fate of the economy and is planning changes to coincide with the new monetary and financial system. Did I just say “new monetary and financial system”?
As investors following the CBI moves, we must keep remembering that the main goal of the CBI is to watch for inflation. It is the Central Bank and so it must protect the reserves of the country and use them wisely for the benefit of all. Is this not “monetary policy” ? Oh… but let’s not forget that the dinar is all part of this effort too and the nations wealth is always dependent on the sovereignty and value of its currency. So can you see Ali Al-Alaq also know this factor and this too is a final outcome of all his efforts. But his effort are also ongoing even after the reinstatement we have left the bank from our exchange. These reforms are NOT about us, but about making Iraq a power house of wealth, prosperity and abundance.
Next, the CBI talks about “cross border” controls for money transfers. The bank said, according to a statement received by “Baghdad Today”, that “in order to reduce the risks of bringing in and out money across the Iraqi borders and exploiting this in money laundering or terrorist financing operations, and based on the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2025, and the provisions of Controls No. 1 of 2029 (amended Controls No. 1 of 2017), the following must be adhered to.
Going forward let’s turn our attention to see if the prime minister is a good prime minister or if he is sandbagging the reforms, like many Iranian officials have alluded to.
So after Two years after the formation of the government, Al-Sudani celebrates the completion of 62% of the government programs. I would say this is VERY accomplished.
In an article titled “AL-SUDANI SUMMARIZES HIS GOVERNMENT’S ACHIEVEMENTS TWO YEARS AFTER ITS FORMATION “ the highlights of the speech of Prime Minister Mohammed Shia Al-Sudani during today’s cabinet session on Tuesday, October 29, 2024, on the occasion of the second anniversary of the formation of the government. You can go read the long list of all the work accomplished. I have to add that in the two decades of following this RV saga, I have never seen such a progressive prime minister. He is hitting all the reforms we should and are expecting. Oh.. but there are more and the one want -the currency reform. He has told the population many times already to expect it and its coming soon.
The next bit of news is also VERY interesting. Please see article titled “THE FUTURE OF RELATIONS WITH WASHINGTON: IRAQ WANTS PARTNERSHIP, NOT HEGEMONY”. I can remember the first time Iraq used this term hegemony. I asked myself what the hell does that word hegemony mean? So, I thought of many of you, and you might feel the same way. But I will say the word does a very precise meaning of what the U.S. has been up to with Iraq and how Iraq is still being held captive.
Define Hegemony: is the political, economic, and military predominance of one state over other states, either regional or global.
Can you understand now what the people of Iraq are saying?
They want their freedom back, they want their country back. This they were promised when the US forces came into their country. They want freedom in all aspects, especially financial freedom. What do I mean by financial freedom? We all know that the US is intentionally suppressing the dinar and finding every excuse not to allow the reinstatement in the past. But Iraq was still under Chapter VII sanctions back then, so I gave it some merit. But now? Now since December 2022 these sanctions are over. Even the UN had decreed the DFI funds to be handed back to Iraq. That was over a year ago, yet the fund still exists in US banks. The U.S. wants to keep control over Iraq as long as they can. They are using this money as power and leverage. They are still not allowing Iraq to sell oil in other currencies. Remember the “petro-dinar”? All the articles on it. It will happen but this won’t be the entire story only a part of it. The US needs its military bases is Iraq. Well this has been a struggle for Iraq, but Iraq will win the battle. Why not negotiate for these bases. But their negotiating power is diminished by the power of the US over the DFI fund. So, it is a sad situation be held hostage (hegemony) by a foreign entity so powerful!
In summary Iraq is waiting to see the results of the US election, however, remember they still will need the assurances from the US Treasury and Feds on the process and that they will follow through to the end of it once the Project to Delete the Zeros is started. They believe there will be a great pressure from the new administration after the election to end the baloney. My CBI contact actually told me to tell you to PRAY that the right people win the U.S. elections. Enough said… Once started it would be very hard to turn back.
Q & A
QUESTION FROM Condiesel 90:
Hello MG,
Thanks for all you provide, I dont want to ask this question but I will. I’m following weekly and see progress however if harris/corruption win election is the RI going to be delayed another 4yrs
Mnt Goat ANSWER:
QUESTION FROM clearlyartistic00b3514b55:
I’m still trying to understand the financial side of this that no one ever addresses. Articles have stated that there are over 100 trillion dinar in circulation. Much of this is outside the banking system under mattresses and in safes all over the world.
Iraq is a circa 6 Trillion USD equivalent economy at best. If the dinar revalues at $4.00 and just 10% of those 100 Trillion come in for exchange in various currencies around the world, you are looking at 40 Trillion USD equivalent. Now imagine if 20%, 30% or 40% of those dinars come back in from outside Iraq…the numbers become quite staggeringly impossible to fund. No one really know at this point how much is where, but you get my point.
Please tell me WHERE THIS MONEY COMES FROM? The entire world banking system asset value is maybe around 200 Trillion. Book value is around 10% of that. You are talking about value equal to 40-160 Trillion on a re-value of somewhere between 10% and 40% of the monetary mass. There is no way there is money like this to bail speculators. Certainly not from Iraq. And Iraq’s oil and gold won’t pay for it. They are NO WHERE close to those values. Oil would need to be $1000’s dollars per barrel.
Mnt Goat ANSWER:
So, to me your question is more doubt that this RV will ever happen. You have fear that you wasted your money and are being scammed? But on the other hand, you do know that currencies revalue and devalue every day. Your controversy in your mind keeps rolling around telling you the proceeds are so overwhelming it can’t possibly be true.
Did you know that investors made billions over Microsoft, Facebook, Twitter and even way back IBM? They did this when they purchased the stocks as penny stocks (or close to it) called IPO (initial Price Option) offering and then waited for the NASDAQ listing and for investors to flock in and buy it up, jumping the prices over night. Yes, you are now one of these people. Get it? This is not a lotto ticket but more like a penny stock.
That is how the brain works. It keeps muddling over and over on something it does not fully understand. Okay now to give you a direct answer to your question I will also add that didn’t we just read a very recent article telling us that the redenomination along with revaluation of the currency happened already throughout modern history in over 60 countries. Did you try investigating how they paid for their revaluations?
Next, I want to tell you the statistics of the monetary mass in Iraq is in dinars not US dollars. Thus, 100 trillion dinars or about not even a trillion US dollars. I also want to bring out that the CBI just told us the size of the Iraqi foreign exchange reserves exceeds by 140% the local currency issued. There is more…..
I have to tell you also that we are exchanging dinar and I assume you are in the USA? Correct? So, the equivalent of the 1 dinar is expected to come out as about $4 USD. That is just the USD equivalent to the dinar because you live in the USA and the USA uses dollars not dinars, get it? The dollar is also still the medium of exchange throughout the world and you just happen to live in the country that was at such wealth way back in the 30’s that it literally saved the rest of the world from its depression with its currency.
The US did not force the rest of the world to use the US dollar as the medium of exchange. They wanted it because the USA made good on the exchange with Gold transfers on demand, unlike other countries could not do during the depression era. The degradation of the dollar today comes from the lack of the Gold backing it and it has come used to “pure speculation” and “demand” that keeps the dollar afloat. Also the dollar needs constant conquest to create the demand and I can find no other better recent example than Iraq and its 2003 war and how they used the dollar for their economy and forced then through UN sanctions to do it.
So, the dollar is still KING and is a standard that countries go by. BRICS is attempting to out do the dollar by going back to the Gold standard. This is why the US will follow and has to follow also with the Gold standard and I believe Trump will have a major role in this effort. Is this why Iraq is hoarding so much Gold? Is this why I am telling you the outcome of the election will be Trump and they will go forward with the restructuring of the US financial system. This is why Iraq must wait to see how the election plays out. Get it? It is all connected.
The worlds trade used to go by the price of GOLD or other precious metals but starting during the depression onwards to the early 1970’s Gold started to fade as the standard and finally the US went off the Gold standard altogether under president Nixon.
So, when you go to the bank to exchange the US Treasury is going to fund the initial exchange for the bank. It is all electronic. The bank will have access to the fiat funds. The US Treasury will own then own dinar. These banks will then turn a profit with the US Treasury for being the broker in the exchange. It will benefit them to collect as much of the 3 zero notes as possible. This is why they will not want to let you leave the bank with these notes. They will negotiate but you have to know how to negotiate. They will not be bullied. There is no use of the bank keeping these notes since the notes will be taken out of public circulation in Iraq. The US Treasury will keep a certain amount of the three zero notes for inter-banking and global trade with Iraq. I do not know how much they will put in the US reserves. The remainder will be cataloged and burned. When recorded Iraq has already guaranteed oil credits at so much a barrel. Kind of like buying futures in oil at fixed price. Yes, it could be in the billions and even read trillions. The agreement is to use these oil credits over a period of no less than 30 years. The US Treasury fully intends to also sell these oil credits at a profit margin to other countries needing the Iraq oil. I have asked my CBI contact multiple times on the fixed credit rate and I got varied amounts from $30 – 35 a barrel. So, it is not like Iraq has to shell out trillions back to the US to cover the cost of the funds for the exchanges. I hope this is VERY CLEAR to you!
Remember also that the CBI has said that part of the process of Deleting the Zeros is to shrink the monetary mass in circulation. This is why they need to also collect these hoards of stashes of the three zero notes and get them into the banks. Some of it will go to investments and much of it will be taken out of circulation and just be electronic digits, where they can control the currency. Currently they have lost control that is apparent in the articles and this is why the US Treasury wants the dollar out of Iraq.
I know it’s a long answer but you have to consider much more than what you are telling me might be the case. It is much more complicated than how you think, but in principle what I have told you should help you better understand.
