"Q & A" WITH MNT GOAT, 2 NOV

Q and A 

Question from Rob: Hi Mtn. Goat, I have a question with regards to the citizens of Iraq hoarding money in their homes. Are they hoarding the US Dollar or the Dinar. I would think that they would want the US dollar as the Dinar just isn’t worth anything and with the Dollar, they can travel etc. and no issues. I can’t think of why they would want to hoard the Dinar. If they are mainly hoarding the Dollar, then I don’t see any issues or concerns regarding this as it would relate to the Parallel market and the 2% that the two markets need to be at for 90 days. So… what are your thoughts on the hoarding? Do you have any knowledge of the hoarding being mainly in US Dollar or the Iraqi Dinar? Thanks So Much…

Answer Mnt Goat: In the article from my 10/24 Newsletter, they are talking about the dinar. How do I know this because they don’t mention dinars or US dollars specifically. First of all, the CBI has said the banks will conduct internal transactions all in dinars not dollars. So this we all should know by now. Right? This article talks mostly about the lack of liquidity of the banks due to hoarding money. The banks deal in dinars with the citizens.

Next the article makes reference to “monetary mass” and for Iraq and this is always in dinar as there is no monetary mass for the US dollars. Monetary mass means the money in circulation of dinars in Iraq.

I quote from the article – “He noted that the banking system still deals with only 15% of the monetary mass issued into circulation until today, which is called cash leakage outside the banking system”. We know Iraq has about 85 trillion dinars in circulation as their monetary mass. They injected another 10 trillion since they last told us years ago it was 75 trillion. So yes, this is a VERY important issue as the banks must come up with other solutions to make money as the currency auctions will not be available as of January 2024. To make money in other products they will need dinars in the system for liquidity for loans, etc.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/