🚨🇮🇶 MNT GOAT: Major Developments on Iraq's "Delete the Zeros" Projec

🚨🇮🇶 MNT GOAT: Major Developments on Iraq's "Delete the Zeros" Project! 💵

📢 MNT GOAT highlighted what she describes as a significant article:

📰 Article: "Minister of Communications: The Decision to Remove the Zeros and Change the Iraqi Currency Has Been Finalized."

💬 According to MNT GOAT, this is a "WOW! WOW! WOW!" development.

🏦 She says that, based on information from her CBI contact, there is a growing sense of urgency to restore liquidity to Iraq's banking system, making the monetary reform process increasingly important.

📌 Key Points from MNT GOAT

✅ She believes there is now strong emphasis that the "Delete the Zeros" project has been authorized and approved to move forward from the Government of Iraq's Finance Committee.

📜 According to her analysis, the next steps would include:

➡️ Parliament passing the updated law related to removing the zeros.
➡️ The Central Bank of Iraq (CBI) officially announcing that implementation is moving forward.

⚠️ MNT GOAT notes that these final steps have not yet been officially confirmed by the CBI, as the news is still developing.

🤝 Meeting Between the CBI and Finance Committee

She also reports that a CBI representative attended an important meeting with Al-Zaidi and the head of the Finance Committee to discuss amendments to the long-standing law concerning the removal of the zeros.

📌 According to MNT GOAT:
✅ The required amendments were discussed.
✅ The revised law has reportedly been forwarded to Parliament for consideration.

📞 Conversation with Her CBI Contact

MNT GOAT added that she personally spoke with her CBI contact, who she says attended Tuesday's key meetings between the CBI and the Government of Iraq.

According to her account, the representative has since returned to the Central Bank with the information discussed during those meetings.

⏳ As always, these comments reflect MNT GOAT's interpretation and reporting. Market participants continue to await official confirmation from the Central Bank of Iraq and Parliament regarding any legislative approval or implementation of monetary reform measures.

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MNT GOAT: CBI Contact Confirms This Is the Precursor to the Project to Delete the Zeros

 

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🇮🇶📈 Iraq Pushes Financial Reforms & Global Investment Despite Declining Central Bank Reserves

 🇮🇶📈 Iraq Pushes Financial Reforms & Global Investment Despite Declining Central Bank Reserves

🚨 Economic Reform Update

Prime Minister Ali Faleh al-Zaidi is moving forward with a broad economic reform agenda aimed at strengthening Iraq's financial stability—even as the Central Bank's foreign currency reserves have declined to 102 trillion dinars.

💰 Key Reform Measures

According to reports, the government has introduced several initiatives designed to improve the country's fiscal position:

✅ A program and performance-based budget, linking government spending to measurable results.
✅ Austerity measures to reduce unnecessary public spending.
✅ Salary restructuring across parts of the public sector.
✅ A voluntary five-year leave program at half pay for government employees to help ease budget pressures.

🌍 Focus on Foreign Investment

Economist Idris Ramadan said the government is also prioritizing attracting international investment as part of its long-term economic strategy.

📌 Efforts include encouraging:

🇺🇸 American investment.
🇪🇺 European investment.
🌎 Additional global companies to enter the Iraqi market.

The goal is to:

💼 Diversify Iraq's economy.
📉 Reduce dependence on oil revenues.
💵 Ease pressure on the Central Bank's foreign currency reserves.
📊 Strengthen long-term financial stability.

🏦 Protecting Iraq's Financial Future

According to Ramadan, Iraq continues to face challenges from:

⚠️ Rising government expenditures.
👨‍💼 Increasing public-sector salary obligations.
🛢️ Volatile global oil prices.

He believes the government's reform package is intended to:

✅ Preserve the Central Bank's reserves.
✅ Improve fiscal discipline.
✅ Combat corruption.
✅ Create a safer and more attractive environment for foreign investors.

📢 Iraq's leadership continues to emphasize that attracting international investment and implementing structural reforms are key to building a stronger, more diversified economy for the future.

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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.”

🚨💵 Jeff: "The Green Light Has Already Been Given" 🇮🇶

 🚨💵 Jeff: "The Green Light Has Already Been Given" 🇮🇶

📢 Jeff addressed a common question:

❓ "Do you think Trump is the one who hasn't given the green light?"

💬 Jeff's response:
"No, no, no. Trump has already given the green light."

According to Jeff, the focus is not on waiting for political approval, but on a scheduled exchange rate change date.

🏦 He explains that:
✅ Bankers prepared the process.
✅ Bankers drafted the plan.
✅ Bankers are responsible for scheduling the implementation.
✅ What everyone is waiting for is the scheduled date for the rate change.

📌 Jeff also reiterates his view of the sequence:

➡️ Exchange rate changes first.
➡️ The removal of the zeros follows afterward.

📰 Jeff also pointed to what he considers another significant development:

📈 "In the past, we were lucky to see one or two articles a year talking about deleting the zeros. Last Sunday, there were 10 to 15 articles—a record number."

According to Jeff, this increase in public discussion reflects an effort to be transparent about the next phase of Iraq's banking reforms.

💬 He believes the surge in articles is intended to inform the public that the "Delete the Zeros" project is moving closer, stating that transparency is necessary because the deletion of the zeros is the next banking reform step.

⏳ As always, these comments reflect Jeff's personal analysis and interpretation. Investors continue to watch for official announcements from the Central Bank of Iraq (CBI) regarding any confirmed monetary policy changes.

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FRANK26…8-22-26…OUR BANKS KNOW

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🚨🇮🇶 Iraq's Four Presidencies Hold High-Level Meeting on Security, Corruption & Economic Crisis

 🚨🇮🇶 Iraq's Four Presidencies Hold High-Level Meeting on Security, Corruption & Economic Crisis

📢 A late-night meeting between Iraq's top leaders is set to address three of the country's most pressing issues.

👥 The meeting will bring together:

🏛️ Prime Minister Ali al-Zubaidi
🏛️ Speaker of Parliament Hebat al-Halbousi
🏛️ President Nizar Amidi
⚖️ Supreme Judicial Council President Faiq Zaidan

🔒 1. Restricting Weapons

One of the main topics will be enforcing the government's plan to limit weapons to official state institutions.

📅 Leaders are expected to discuss options for dealing with armed factions that refuse to disarm ahead of the September 30 deadline, which has been established by Iraq's major political forces.

⚖️ 2. Expanding the Anti-Corruption Campaign

Officials will also review the government's ongoing fight against corruption.

✅ The goal is to continue pursuing corruption cases without political exceptions, regardless of an individual's position or influence.

📌 The discussion follows "Operation Dawn," a nationwide campaign launched in late June targeting politicians, government officials, members of parliament, and business figures as part of broader efforts to recover public funds and strengthen accountability.

💰 3. Addressing Iraq's Economic Challenges

The meeting will also focus on Iraq's worsening financial situation.

📉 According to reports, the disruption of oil exports through the Strait of Hormuz has placed additional pressure on the country's economy.

Among the issues expected to be discussed:

💵 Delays in salary payments for some government employees.
📈 Rising living costs and inflationary pressures.
🛢️ The impact of reduced oil revenue.
🔧 Potential solutions to stabilize public finances and support the economy.

🌍 Security Transition

The discussions come as Iraq continues implementing its long-term security transition following the 2024 agreement with the United States to conclude the international coalition's military mission against ISIS and move toward a bilateral security partnership.

👀 The outcomes of this high-level meeting could influence Iraq's security strategy, anti-corruption efforts, and economic policies in the weeks ahead.

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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.

OMAR: 🏦🇮🇶 CBI Update: The Official Signals Are What Really Matter!

 🏦🇮🇶 CBI Update: The Official Signals Are What Really Matter!

📢 Omar: The Central Bank of Iraq (CBI) has not announced a new exchange rate or provided a timetable for issuing lower denomination banknotes.

🔍 While there is plenty of speculation in the media and political commentary, the most reliable information will come directly from the CBI.

✅ The key developments to watch are:
📌 An official statement from the Central Bank of Iraq.
📌 Decisions and actions taken by the CBI Board of Directors.
📌 Parliamentary actions that support the monetary reform process.

⏳ At this stage of Iraq's monetary reform, official CBI announcements—not rumors or media reports—will be the strongest indicators of what comes next.

Stay informed, stay patient, and always verify information through official sources.

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