Q & A WITH MNT GOAT, 8 MARCH

Q & A

Question from Suki:

Hello Mountain Goat,
I hope you had a wonderful weekend. I have a question, if the UST and Iraq want controll over thier currency, wouldn’t putting the IQD back onto the Forex allow more control. 

It seems to me then there would be a place of reporting to as to where the money goes And the black/parallel market would automatically cease to exist. Especially now that they’ve gone digital. Is this correct?
PS. I do not read the gurus. I learned a while back not to do that, it only creates doubt and disappointment.
Thank you
Suki

Answer from Mnt Goat:

Guten Tag Suki. Hope all is well with you. Glad you are staying away from all the garbage intel out there these days from the so-called gurus. Thank you for the excellent and intelligent question. As usual there is no short cut answer and so I am going to give it all to you.

You are correct in your analysis that, as far as Iraq and the US dollar goes, the reinstatement of the dinar could theoretically solve many problems. You know it, I know it and the CBI knows it and so why don’t they do it? The only reason at this point in time they do not reinstate the dinar, is all just politics and corruption and nothing else. Believe me there it NOTHING else for Iraq to do in banking reforms, insurance or the stock market. It is all set and in place.

To reinstate, they will need the Project to Delete the Zeros first, but the finance committee and parliament must pass a ruling for the CBI to do it. To get around this they are thinking about a Digital Currency, as we read in recent Newsletter. This would bypass the necessity to do this Project to Delete the Zeros. Can you see the struggle the they are in to free their currency?

Also, the U.S. is the main player in Iraq as they spent billions  in resources and lives in the two wars. So, they are using this reinstatement event as leverage as long as they can. There is no hurry for these U.S. politicians as, I said many times already, they  exchanged already in late 2012-early 2013 and so don’t give a shit about us investors.

Meanwhile Iraq suffers and we investors suffer. Iraq is intended by the US to jump through hoops to end the corruption with the dollar, meanwhile the solution stares them in the face. I know it is a sad situation and so when I say Al-Sudani is fighting an uphill battle this is what I mean. How much longer can they go until the US releases the dinar? Well…they already set the bar and it’s getting the dollar equal to or close to the “official” rate from the Central Bank.

 They also told us they need to resolve the issues with Iran. So there we have another set of criteria, yet another hoop to jump through. When they complete these tasks, what is next? Will they finally release it? We won’t know until we get there.

What comes first the chicken or the egg. That is the game they are playing. I know it is weird and I hate this situation but that’s the game the U.S. is playing with Iraq. 

Meanwhile the United Nations has come out vocally and said the dinar should be reinstated and all DFI funds returned to Iraq. But we can’t control it. It is being done to isolate Iran and finally break that country. I was hoping President Trump, who claims to work out of “common sense” will drive this home for Iraq. Let’s see what happens. It is still a bit early in his administration to tell.

CRYPTO TRADER UPDATE, 8 MARCH

 CRYPTO TRADER

#IQD Just a clarification for people who asked me. It means that they have licensed a category A currency exchange company.

It is formed as a joint stock company . Translation some times screws up. It's not IQD stock exchange.

There are 3 types of currency exc hange companies in Iraq, A ,B,C. The category C will seize to exist post March 31st as they are ordered to merge with category A or B before 31st March 2025 by CBI.

11:43 AM · Mar 7, 2025

FRANK26…..3-4-25…….IT’S NO TOP SECRET

US Treasury Secretary: If I were Iranian, I would convert my money to a currency other than the Toman, 8 MARCH

 US Treasury Secretary: If I were Iranian, I would convert my money to a currency other than the Toman

Shafaq News/ US Treasury Secretary Scott Besant vowed on Thursday to close the international financial system to Iran, saying, “If economic security is national security, the Iranian regime will not have both.”

The United States will target “regional parties” that facilitate the transfer of revenues to Iran, according to what Reuters reported from Bessent.

He added: “If I were Iranian, I would convert all my money to non-rials (Iranian tomans) by now… Sanctions will be used clearly and aggressively to achieve maximum immediate effect.”

The United States will “completely” disrupt Iran’s oil sector, according to Bessent, who said Washington will also halt Tehran’s ability to manufacture drones, stressing that the United States will exert maximum pressure on Iran through sanctions.

TIDBIT FROM KAPERONI, 8 MARCH

 Kaperoni  

Question: "Assuming this [Digital Dinar] happens, will we need to turn in our currency and allow it to be converted to digital? 

 If so, where will it be held?"

  At some point, you may have to get a dinar denominated account through some market maker or ECN.

 Then of course, you could watch the dinar rise or sell it when you want to cash out. But all of that is yet to be determined. No need to get ahead of ourselves.

Update March 4, 2025

Reconstruction: Iraq receives international offers to invest in new residential cities , 8 MARCH

 Reconstruction: Iraq receives international offers to invest in new residential cities 

The New Cities Implementation Authority, affiliated with the Ministry of Construction and Housing, confirmed the referral of residential cities in 5 governorates with “integrated” designs, and also confirmed the arrival of international offers to invest in the new residential cities.

The head of the authority, Hamid Abdul Hamad, said in a statement followed by "Ultra Iraq", that "the first phase included the establishment of 5 new cities that were announced, referred, and started, and reached different stages. There are also other cities that were announced, which are 6 cities, and the announcement period will end during the current month, including the city of Mutanabbi in Wasit, the new city of Balad, the city of Salam in the new Najaf, Ur in Nasiriyah, Warka in Samawah, and another city in Al-Majar Al-Kabir, south of Maysan."

Hamad added, "A number of countries have come forward to invest in the new cities through joint companies, including Iraqi, foreign and Arab companies, such as Al-Jawahiri City, which is being implemented in partnership between an Iraqi and Chinese investor, and Al-Ghazlani City in Mosul, which is being implemented in partnership with an Iraqi-Chinese partnership, and on the banks of Karbala in partnership with a Malaysian entity and various Iraqi companies with Arab and foreign banks, in addition to Ali Al-Wardi City for a global investor and Aura Company." 

Hamad stressed that “these cities were designed in a way that makes them integrated in all activities, whether housing or other economic activities,” indicating that “the Nahrawan residential city will be implemented on an area of ​​80,000 dunums, and in several models. The first is to establish different cities with different areas, and develop infrastructure through investment while guaranteeing a share for the state, and this is one of the facilities if the citizen thinks of buying land that is served in all aspects.”  link

TIDBIT FROM BRUCE, 8 MARCH

 Bruce  

 [via WiserNow] 

 ...remember, the rates at the redemption centers will be higher than those at the banks. The only exception that I've heard of on that has been the Vietnamese Dong, the Dong rate at the redemption center yesterday was...

the same as it was in the banks.That's the exception for the rule, the dinar is going to be much higher at the redemption center, because they're going to offer us a contract rate on the dinar.

FIREFLY: The United States of America is totally supervising all financial transactions #iraqidinar

 

Washington demands that Iraq dispense with Iranian energy "as soon as possible", 7 MARCH

 Washington demands that Iraq dispense with Iranian energy "as soon as possible"

The US State Department called on Iraq to end its dependence on Iranian energy sources "as soon as possible," hours after Washington announced its intention to tighten sanctions on Tehran.

In response to a question about the exemptions granted to Iraq, and whether they would be renewed, the Foreign Ministry indicated that it is reviewing all exemptions granted, according to Reuters.

Iraq currently produces 27,000 megawatts of electricity through stations, most of which operate on gas, but the production capacity sometimes drops to 17,000 megawatts.

This amount, at its maximum, does not meet the country's electricity needs, as Iraq needs to increase production to reach 40,000 megawatts in order to ensure the provision of energy around the clock.

To solve this crisis, Iraq resorted to importing quantities of Iranian gas, which threatened to expose it to US sanctions, before the United States granted it an exemption that is renewed periodically.

With US President Donald Trump returning to power, he pledged to pursue a policy of "maximum pressure" against Iran. As a result, the Iraqi government asked the new US administration to extend the waiver granted by the previous administration, according to previous statements by Al-Sudani in an interview with the Saudi Al-Sharq channel.

Al-Sudani had touched on the issue of ending dependence on Iranian supplies during the interview, noting that the country plans to completely end gas imports by 2028, adding: “There will be clear energy independence.”

He continued: "Ultimately, we need this exception to continue throughout this period. At the same time, we have started the process of linking energy with neighboring countries in order to cover our needs, and this is part of the concept of integration that we seek with our brothers."

This is not the first statement of its kind, but rather comes just days after US Secretary of State Marco Rubio called Iraqi Prime Minister Mohammed Shia al-Sudani, where they discussed Iranian influence in the region, and Rubio urged Iraq to "achieve energy independence."

The new US statement may not mean that Washington will not renew the exemption granted to Iraq, but it indicates increased pressure on Baghdad to get rid of these supplies.

The comments come hours after US Treasury Secretary Scott Besant confirmed that the US would tighten sanctions on Iran, adding that the US would “shut down” the country’s oil sector using “pre-determined criteria and timelines.” He hinted that “making Iran bankrupt again would be the beginning of our updated sanctions policy.”

The Treasury secretary suggested that the United States could work with “regional actors” to help Iran get its oil to market. One of those countries is likely to be Russia, which earlier this week signaled its willingness to help the United States in talks with Iran over ending its nuclear program and its support for anti-American regional proxies.

“Treasury is prepared to engage in frank discussions with these countries,” Bessent said. “We will work to shut down Iran’s oil sector and drone manufacturing capabilities.” link

REINALDO JC : 🇺🇸POWERFUL & UNTOUCHABLE🇺🇸 , 7 MARCH

 REINALDO JC

POWERFUL & UNTOUCHABLE As I previously mentioned from my post below. Donald J. Trump is the most POWERFUL & UNTOUCHABLE person in the world. Everyone Capitulated to him in his 1st term (2016-2020). Trump is in smooth control & THE head executor of the main Central Bank which happens to be the Federal Reserves/U.S. Treasury. I wonder who’s the real FED Chairman How do you bring down the whole corrupt global debt system so you can replace it? (read article) Gold shall destroy FED. Foreign Exchange Department for Commercial Banks. (not the federal reserves) How did Trump take control of the Federal Reserve away from the Rothschilds? (read article) They tried to cheat Trump & the financial system, However; DJT is always 10 steps ahead of the enemy. Oh yeah…if you don’t think Trump controls {Blackrock/Statestreet/Vanguard} that’s buying up a lot of U.S. assets back from foreign companies to benefit We The People including the Panama Canal I have a rock to sell you.

AJ : The first step toward a unified rate!! @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

Parliamentary Committee Calls on Government to Refer Oil and Gas Law to Parliament Immediately, 7 MARCH

 Parliamentary Committee Calls on Government to Refer Oil and Gas Law to Parliament Immediately

The Deputy Chairman of the Parliamentary Oil and Gas Committee, Adnan Al-Jaberi, called on the government today, Thursday, to expedite the referral of the Oil and Gas Law to the Council of Representatives, stressing that its legislation is an essential step to regulate the management of oil wealth and ensure the fair distribution of revenues between the federal government and the producing regions and governorates.

Al-Jaberi said in a statement to / Al-Maalouma / agency, that "the legislation of the Oil and Gas Law is a necessary step to regulate the management of oil and gas wealth in Iraq," noting that "this law will contribute to guaranteeing the rights of the producing regions and governorates, in addition to developing a clear strategy for investing these resources in the long term."

He explained, "The law will protect oil wealth from different interpretations and interpretations, whether in the Kurdistan Region or in the producing governorates, and will work to resolve the existing differences between the federal government and the regional government, and control the relationship between the producing governorates and the center."

He pointed out that "Article 112 of the Iraqi Constitution stipulates the necessity of regulating the oil and gas sector through the enactment of a special law, but the lack of a common vision and agreement between the federal government and the Kurdistan Region, as well as between the producing provinces and Baghdad, has prevented its approval so far.

" He stressed "the importance of reaching a consensus that guarantees the rights of all parties," calling on the government to "refer the law to the Council of Representatives as soon as possible to ensure the fair and equitable regulation of oil revenues."

It is noteworthy that the approval of the oil and gas law was delayed for several parliamentary sessions due to political differences that prevented reaching a consensus on it. link

FIREFLY: The United States of America is totally supervising all financial transactions, 7 MARCH

  Frank26  

[Iraq boots-on-the-ground report] 

 FIREFLY: Television saying the United States of America is totally supervising all financial transactions.   Your US Treasury is supervising all financial transactions in Iraq and the US Treasury is aware of all the money and where it goes in Iraq... 

 FRANK:  That is the beauty of your security and stability where it's at right now.  

It is so powerful.  In my strong opinion they are aware of the new exchange rate.  If not, they would not be this heavily involved right now...

FIREFLY: It appears to us there was no auction on Monday! @DINARREVALUATION #iraqidinarinvestor

 

Development And The Unit Of Funds, 7 MARCH

 Development And The Unit Of Funds

 
Economic 2025/03/06  Abdul Zahra Muhammad Al –Hindawi  Iraq may be unique and not other countries in the multiplicity of development funds, which are very similar in their tasks,  but each of them has a geographical space, which works to cover it, with the exception of two of these funds,
 
which are both the Iraqi Fund for Development, which is concerned with creating an attractive investment environment, especially in what is related to the health and education sectors, as a priority and then the rest of the sectors come, and
 
the second is the social fund For development, which is concerned with targeting the poorest villages and areas, by providing basic services, by implementing small projects, such as building schools, health centers, providing water and electricity networks, and road paving.

As for all other funds, which are the Emaar Fund, which is affected by terrorist acts and military operations, the Sinjar Emaar Fund and the  Nineveh Plain, the Emaar Dhi Qar Fund, the Penis, the Termis' Emaar Fund, and the Samarra Fund, the capital of Iraq for Islamic civilization.
 
If we had a look at the tasks and work of these funds, we would have found a great similarity between them, this similarity may sometimes cause an intersection with other programs, foremost of which is the regional development program, which is carried out by local governments in the governorates, and the investment program implemented by the federal ministries in all governorates.
 
On the other hand, no one denies that these funds are a work on the ground, as they have succeeded in implementing many investment and service projects, according to the geographical area of ​​each of them.
 
Certainly, each of them has good annual financial allocations, to finance the projects they implement, and
 
here comes the area of ​​the question that represents the title of the title of this article,
 
what happens if we intentionally unify all these boxes in one box??, and
 
for example, the Social Fund for Development, which is the oldest of the foundations found, and was able to implement small projects in more than 500 villages spread in 18 governorates, according to philosophy, according to philosophy, according to philosophy, according to philosophy, according to philosophy, according to the philosophy of New and different depends on the principle (planning from the bottom up to the top) in the sense that the local community is the one that defines the priorities of the projects that the region needs, according to the criteria for the need in the covered village.
 
There is no doubt that the union of these funds in one box, starting, will help the planning to draw a clear-cut image, with specific dimensions and paths, in addition to that the financial allocations will be very good that support project financing at a comfortable manner, and this will be an integration with other programs, and here the development will witness a good boost, in all sectors .. right?      https://alsabaah.iq/111232-.html    

AJ : 🛢️Experts: Sufficient oil supply and spare capacity within the OPEC+ group will be enough to keep prices in the low $70s per barrel.,7 MARCH

AJ 

Crude Oil Analysts Outlook - 2025 Experts: Sufficient oil supply and spare capacity within the OPEC+ group will be enough to keep prices in the low $70s per barrel.

The four dozen analysts participating in the Reuters poll last week saw Brent Crude prices averaging $74.63 per barrel in 2025. Analysts: Tariffs could undermine the growth plans of many businesses, and the economy is likely to slow down. Oil prices will likely remain around current levels or even lower this year, analysts and economists in the monthly Reuters poll said last week. Sufficient oil supply and spare capacity within the OPEC+ group will be enough to keep prices in the low $70s per barrel, the experts said. Supply shocks would be balanced out with the 5 million barrels per day (bpd) of spare capacity that OPEC+ currently has, mostly within the Middle Eastern producers in OPEC. Major trade and geopolitical developments since last week are likely to put additional downward pressure on oil prices—the tariffs on Canada and Mexico and the higher tariff on Chinese imports into the U.S., and the possibility of some eased sanctions on Russia. The four dozen analysts participating in the Reuters poll last week saw Brent Crude prices averaging $74.63 per barrel in 2025, slightly higher compared to the forecast of $74.57 in January. For WTI Crude, analysts expect an average 2025 price of $70.66 per barrel, up from $70.40 in January. t the time the survey was carried out, oil prices were more or less trading around these levels. But early this week, oil slumped after the Trump Administration confirmed that tariffs on Canada and Mexico are going ahead as planned on March 4, and the tariff on Chinese goods is lifted to 20% from 10%. Canada and Mexico tariffs are at 25%, with Canadian energy facing a lower, 10%, import tariff. Now April Economic Fallout from Tariffs On the first trading day of March, major Wall Street indexes turned sharply lower after the Trump Administration announced that the tariffs on Canada and Mexico, and higher levies on China are going into effect on Tuesday. The rally in the weeks since November has been largely due to hopes that the Trump Administration would boost U.S. businesses and the economy. But tariffs could undermine the growth plans of many businesses, and the economy is likely to slow down, analysts say. A weakening economy, the world’s largest at that, could dampen oil demand in the U.S. and globally—that’s why the market hasn’t been very bullish about oil prices in recent weeks. Amid all the tariff noise, forecasters have not downgraded—yet—their estimates of global oil demand growth this year. Demand is generally expected to rise by between 1 million bpd and 1.4 million bpd, with OPEC being the most bullish with 1.4 million bpd growth projection for both 2025 and 2026. The “healthier oil market outlook”, OPEC said on Monday, allowed the OPEC+ producers to “proceed with a gradual and flexible return of the 2.2 mbd voluntary adjustments starting on 1st April, 2025, while remaining adaptable to evolving conditions.” Initially, OPEC+ will return 138,000 bpd to the market in April, the group confirmed this week, but noted that the increase may be paused or reversed subject to market conditions. The gradual return of OPEC+ supply and the expected non-OPEC+ output growth this year are set to keep oil from price spikes, analysts say. The U.S. “maximum pressure” campaign on Iran with the goal to reduce Iranian oil exports to zero could be offset by lower demand growth in case of economic downturn and potential easing of some U.S. sanctions on Russia as the Trump Administration pivoted from supporting Ukraine to siding with Moscow about possible pathways to end the war. Risk-Off Oil Market Sentiment With all the unknowns about the tariff fallout on economies and oil trade flows due to sanctions being tightened on some and eased on others, money managers and other hedge funds are currently in a risk-off mood and are dumping bullish positions in the two most traded petroleum futures contracts, Brent and WTI. In the week to February 25, selling of crude oil was “particularly aggressive,” Ole Hansen, Head of Commodity Strategy at Saxo Bank, said on Monday in a commentary on the latest Commitment of Traders report. The U.S. benchmark contract, WTI Crude, saw the biggest selling spree, not only in the latest reporting week, but also in the past five weeks. The net long position – the difference between bullish and bearish bets – in WTI slumped to the lowest level in nearly 15 years, at 67,600 contracts at end-February, down from 250,000 contracts hedge funds held as of January 21. During this five-week period, the combined net long in WTI (CME and ICE) and Brent has almost halved to 260k contracts, as the technical outlook continued to deteriorate amid worries about a global trade war’s impact on demand and OPEC+ considers when to start tapering production cuts,” --------- IMO - WAIT AND SEE Trump pushed tariffs out to April in line with OPEC's increase production

12:15 PM · Mar 7, 2025

FNU LNU : All oil transactions will be in USD!! @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

Specialists: Transformation Into A Digital Currency In The Right Direction, 7 MARCH

 Specialists: Transformation Into A Digital Currency In The Right Direction

 
Economic 2025/03/05  Baghdad: Hussein Thaghab   Central Bank of Iraq to issue a digital currency as a "step in the right direction", to
 
     strengthen the financial system and
     keep pace with global developments.
 
Specialists also believe that the
 
     development of the banking system and the
     adoption of modern technologies
 
are vital to ensuring the achievement of the desired benefits, such as
 
     improving financial inclusion and
     supporting the national economy. However,
 
they warn of possible challenges, such as the risks of cybersecurity and the need for a  clear legislative framework that supports this step.
 
The Governor of the Central Bank d. Ali Al-Alaq, confirmed the approach to creating a bank digital currency, to replace paper currencies.
 
According to the Financial Adviser to the Prime Minister, Dr. Mazhar Mohamed Saleh, the
 
Central Bank of Iraq is towards the issuance of a digital currency, which is an advanced step in the world of central banking. He added in his speech to "Al -Sabah", that
 
this step represents a qualitative leap in the national digital payment system by reducing the percentage of leaks resulting from paper currency problems outside the banking system, which will reduce the need to print large quantities of paper currencies.
 
This, in turn, will limit the circulation of present criticism, which requires continuous and expensive nutrition for the paper cash payment system.
 
The problems of the paper currency outside the banking system, which will reduce the need to print large quantities of paper currencies. He pointed out that the
 
digital currency will contribute to improving transparency and governance, which allows the total economy and monetary policy to adapt its policies in a way that achieves stability and speeds up to fight inflation and control digital liquidity. 

The  digital currency will also provide a great ability to achieve the financial inclusion of the community segments quickly and clearly, especially for poor groups related to the banking system. But Saleh stressed that
 
entering the world of digital currencies requires a strong infrastructure that includes advanced internet networks and superior protection devices from cybersecurity, in addition to the culture of accepting this type of virtual currencies. He stressed that the
 
state agencies must be the first to accept them in government collection of various forms, with the survival of digital criticism practicing its normal functions as an account unit, payments, savings and settlements.
 
For his part, Mustafa Akram Hantoush, a specialist in financial affairs, stressed that
 
talking about issuing a digital currency in Iraq is premature, indicating that
 
this step requires the presence of an advanced banking device and a strong infrastructure for electronic payment and the national division. In his speech to "Al -Sabah", he added that
 
society needs to adopt a new culture that supports this transformation, especially in light of the modern transition to the electronic payment system, which still faces great difficulties and challenges. Hantoush explained that the
 
digital currency represents an electronic balance of value,
 
which requires a 
     social awareness and a
     deeper understanding of this concept. He also pointed out that
 
global digital currencies, such as the
 
     electronic dollar in America, the
     euro in Europe and the
     Chinese electronic yuan, are still facing serious challenges,
 
especially in the areas of cybersecurity and the dangers of penetration, which led to the incomplete application of its application completely so far. He stressed that the
 
issuance of a digital currency in Iraq first requires the development of the banking system to
 
     meet international standards,
     enhance technological infrastructure, and
     build solid confidence between the public and banking institutions. He stressed that
 
this step, despite its importance, needs accurate planning and comprehensive preparation to ensure its success.    https://alsabaah.iq/111169-.html