🇮🇶 Dispelling the Rumors: CBI Does NOT Act Alone
According to Mnt Goat, one of the most dangerous misconceptions in the dinar community is the belief that the Central Bank of Iraq (CBI) can simply reinstate the currency whenever it wants — regardless of politics.
“They forget or don’t know that the CBI and the GOI work hand-in-hand. This independence only goes so far.”
Key Reality Check:
The CBI is not isolated from the Government of Iraq (GOI)
Monetary decisions are tied to political authority
Independence exists — but within limits
Ignoring this relationship leads to false expectations.
🧱 Dr. Shabibi’s Golden Rule: Stability and Security First
Mnt Goat reminds investors of a foundational principle repeatedly emphasized by Dr. Sinan al-Shabibi, former CBI Governor.
“STABILITY and SECURITY must occur first prior to any reinstatement.”
These are not buzzwords — they are non-negotiable prerequisites.
What This Means:
A fully seated, functional government
Freedom from foreign intervention
No internal armed conflict
Clear national sovereignty
Without these conditions, Iraq cannot responsibly move to FOREX.
❓ Is Iraq Truly Ready for FOREX?
Mnt Goat poses a blunt and necessary question:
“Do you really think it is now and ready to move to FOREX?”
Given:
Ongoing election drama
Parliamentary boycotts
External pressure
Security concerns
The answer, according to Mnt Goat, is not yet.
🗳️ Election Drama Still Matters — A Lot
Despite claims that elections and corruption no longer matter, Mnt Goat strongly disagrees.
Elections determine legitimacy
Legitimacy determines confidence
Confidence determines currency acceptance
Without a stable political outcome, reinstatement would be reckless, not reform.
🇺🇸 Washington’s Heavy Influence on Iraq’s Leadership
Mnt Goat highlights how deeply involved Washington has been in Iraq’s political process, particularly regarding the Coordination Framework’s choice for Prime Minister.
“So far in this election saga we received lots of input from Washington…”
This confirms that Iraq’s political decisions are still internationally sensitive.
🚫 Maliki’s Chances: “Non-Existent”
Mnt Goat delivers one of the strongest conclusions yet regarding Nouri al-Maliki.
“Finally, we have input from President Trump himself… and so I firmly believe Nori al-Maliki chances of prime minister are non-existent.”
Why This Matters:
Maliki is seen as destabilizing
His return would undermine trust
Global partners would resist monetary reform under his leadership
His removal from contention is a necessary step, but not the final one.
🧩 CBI Reinstatement Is the Final Step — Not the First
Mnt Goat’s core message is about sequence:
Stable government
National security
Reduced foreign interference
Political legitimacy
THEN — monetary reinstatement
Skipping steps risks failure.
🔍 Featured Snippets
🔹 Does the CBI work independently of Iraq’s government?
According to Mnt Goat, the CBI works closely with the Government of Iraq, and its independence has limits.
🔹 What must happen before Iraq reinstates its currency?
Iraq must achieve political stability and national security before any reinstatement can occur.
🔹 Does Mnt Goat think Maliki can return as PM?
No. Mnt Goat believes Maliki’s chances are now nonexistent due to U.S. opposition.
❓ Q&A Section
Q: Can the CBI reinstate without a stable government?
No. Political stability is mandatory.
Q: Are elections still relevant?
Yes. They determine legitimacy and confidence.
Q: Is Iraq secure enough right now?
Not yet, according to Mnt Goat.
Q: Is Maliki officially out?
Mnt Goat believes his return is effectively blocked.
🧠 Final Perspective
Mnt Goat offers a sobering but grounded reminder:
Hope must be balanced with reality
Monetary reform is not isolated
Stability and security are the gatekeepers
Yes, progress is happening — but Iraq is not finished yet.
Patience now prevents disappointment later.
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Mnt Goat
Again, I have to dispel rumors... that the CBI works independently and that they will reinstate when they are ready regardless of the elections and corruption...They forget or don’t know that the CBI and the GOI work hand-in-hand. This independence only goes so far.
