LATEST FROM MNT GOAT, 12 AUGUST

 Mnt Goat 

 WOW! August news from Iraq is explosive. We now see many changes to the banking system and currency auctions. This as I am told is from the pressure of the Feds and the US Treasury. ...As far as timeframes, my [CBI] contact told me to watch the progress of the banking reforms that the Feds are pushing. This includes the parallel market rate vs the CBI official rate and the currency auction levels.

Mnt Goat 

  My CBI contact said...that the GOI has not yet accepted his [Ali Al-Alaq] resignation and so it is not final...The news media ran off half cocked with the story... She said let’s wait and see what happens to Mr. Alaq. 

 If he stays, he has to agree to work with the Feds and the US Treasury and work out a satisfactory plan, then take it back the Finance Committee and explain it. He is scheduled for a trip to the US for this purpose very soon...

  She [CBI contact] thinks he will remain as the proxy director for a period more...  I believe he does...have   the best interest of the country in mind with his policies. He has talked about reviving the Iraqi dinar to 1980’s levels. This is what we all want as investors...Let’s see what happens

Article:  "PARLIAMENT RETURNS THE OIL AND GAS LAW TO THE GOVERNMENT: IT MUST ADD
PARAGRAPHS THAT KEEP PACE WITH GLOBAL DEVELOPMENTS"

 Quote:  "the government must work on amending and adding new paragraphs to the
law..."   WOW! This is excellent news. This article shows us the Oil and Gas Law is actually farther ahead than the news has been telling us. It actually did reach parliament and the readings were conducted so far...for read more: 

https://dinarevaluation.blogspot.com/2024/08/latest-from-mnt-goat-10-august.html