IMPORTANT IRAQ NEWS : THE WEAKNESS OF THE SECURITIES COMMISSION’S WEBSITE: ADMINISTRATIVE FAILURE OR WIDESPREAD CORRUPTION? BY MNT GOAT, 17 AUGUST

THE WEAKNESS OF THE SECURITIES COMMISSION’S WEBSITE: ADMINISTRATIVE FAILURE OR WIDESPREAD CORRUPTION?

 In light of the technological revolution sweeping the world in the field of programming and designing websites, it seems that the Securities Commission in Iraq has fallen behind, which reflects a clear institutional fragility and opens the door to questions about the seriousness of the administration and the extent of the impact of corruption.

The Authority’s website, which is supposed to be a facade that reflects the professionalism and seriousness of the institution, shows primitive design and a complete absence of modern standards, which raises serious doubts about the reasons behind this situation.

Then browsing the website, the visitor encounters a primitive design that lacks professionalism and clarity, reflecting either a lack of awareness of the importance of electronic identity or corrupt interventions that hinder the development of the website. This negative image may affect the confidence of investors and the public in the Authority, as the website is an important interface that shows the extent of the Authority’s commitment to transparency and seriousness in providing its services.

Evidence suggests two main hypotheses for this situation:

1.the first relates to the lack of technological awareness among those in charge of managing the Authority, as ignorance of the importance of the website may be due to a lack of training and awareness or a lack of interest in modern technology.

2.The second hypothesis relates to corruption , as there may be personal or financial interests that hinder the allocation of the necessary budget to develop and improve the website.

The current website of the Securities Commission does not reflect the required level of quality and professionalism, making it difficult for investors and external parties to take the Commission seriously. In the age of information and communication, the website is an essential part of the identity of the institution and must reflect the professionalism of its managers.

To find out the real reasons behind this weakness, a comprehensive investigation is necessary. The government and regulatory authorities must intervene to ensure that government institutions have websites that reflect their interest and seriousness in providing their services. Likewise, the Securities Commission should make serious efforts to develop its website to be a facade that expresses its development and professionalism.

The website of the Iraqi Securities Commission is an example of how negligence or corruption can affect the reputation of government institutions. In the information age, a website is an essential part of an institution’s identity and should reflect the professionalism of its people. It is time to take serious action to improve this situation and ensure that the Securities Commission is able to meet modern digital challenges.

Q & A WITH MNT GOAT, 17 AUGUST

Q & A

Question Jack Bowra:

I simply don’t understand why Iraq as a sovereign country does not just arbitrarily revalue its currency. Who is really going to stop them? The rest of the world will determine in the market place, whether the dinar’s value is realistically set or needs to be adjusted. In any event, it is worth far more than its current 8 US cents or so.

Answer Mnt Goat: Guten Tag Jack! 😊 Oh my,,, Jack, Jack, Jack, Jack, Jack, Jack, Jack, Jack, Jack, Jack, Jack, Jack, Jack, you have no idea how this all works. First of all currency rates on the Foreign Exchanges are mapped over from algorithms that calculate the rates. These of course are highly manipulated today. I have been talking for years about the new Quantum Financial System (QFS).

 It is real and it can’t be hacked or manipulated. All currency rates are eventually going to mapped over to FOREX from the QFS that will give more accurate rates based on true assets, markets and the economy. Iraq is not on FOREX now, as you know. The IMF has to request the US Treasury to put them back on. Iraq has no power over this other than to start the process by conducting the Project to Delete the Zeros which leads to the FOREX. But the US Treasury and the Feds refuse to give assurances to the CBI that if they start the process, it will be completed by them. Get it? How long have you been reading my Newsletter? I have talked about this many times already.

So Iraq has planned and have tried many times already in 2013, then again in 2015 and wanted to try again in 2017, but that was stopped before it even go off the ground. Now in 2024 in mid-June it again was supposed to go and was stopped without the needed assurances from the US. Knowing all this now, how can you tell me why Iraq can’t just revalue it by itself? Yes, they can revalue inside Iraq at their program rate but that is all. It is not FOREX.

The main point to remember is that Iraq’s currency right now in a so-called “rentier” oil economy still is worth much more than pennies. So why don’t they just FOREX is and put at least a couple dollars on it? Then let the economy grow and increase the rate as the market drives it. Why won’t they do it? The answer is in one word “CORRUPTION”. 

All these politicians, including the US politicians have their hands out to take, take, take from Iraq in the meantime all the while pretending its just the economy that has to grow as their excuse for keep the rate suppressed. The exposure of the corruption we are now taking about and seeing on Iraqi news channels if of their own doing.

 Get it?? You must understand this is so crooked and almost demonic in ways. We are talking about a huge “wealth transfer” about to occur. But we must pray as I believe only God now can get this RV for us and the Iraqi people.

 While it is low they are making billions off it while the people and us, long-term investors, suck wind. After being in this investment for 18 years and following it as close I as do the only I see is excuse after excuse without any real factual justification. It is all lies as to why they can’t go back to FOREX if even for a $2+ rate. I hope this helps.

What can we investors do to help in the RV situation?

We must now buckle down and pray and pray like never before for the success of Al-Sudani and his agreements with Washington are implemented. You do want the RV don’t you? Pray for Iraq and also the U.S. in that there are strong enough representatives in the US Congress and the Senate who will stand up and continue to fight to uphold the US Constitution and keep fighting this Washington corruption. Pray that that God’s Hand will intervene and save our great country.

 Remember you can say the Rosary daily or use the prayers and links I provided from the Auxilium Christianorum for your prayers. Of course there is also your own form of prayer too. Folks your prayers so far ARE WORKING and God has heard our cries.

 Just look at all the progress made just since December 2022 when Iraq announced they were finally entirely out of Chapter VII. And now in 2024 the spigot is wide open the final issues preventing the reinstatement are being dealt with one by one. Can you see it too. I am trying my best to help you see it. We don’t’ need this foolishness of this speculative crap or everyday / any day garbage intel confusing us. You think this is all just coincidental? God’s Hand is at work here. He has given Iraq his anointed leader Al-Sundani to help in his work. Even I have to sit back in amazement of what he has accomplished so far. Pray for him and all his success. Let see what August brings us.

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

Iraqi Dinar | Dinar in Focus CBI Governor Steps Down | Iraqi Dinar News ...

IMPORTANT IRAQ NEWS: AMONG THEM IS THE DELAY IN DISTRIBUTING PROFITS.. AN ECONOMIC DIAGNOSIS OF THE REASONS FOR THE DECLINE IN STOCK PRICES ON THE IRAQI STOCK EXCHANGE BY MNT GOAT, 17 AUGUST

AMONG THEM IS THE DELAY IN DISTRIBUTING PROFITS.. AN ECONOMIC DIAGNOSIS OF THE REASONS FOR THE DECLINE IN STOCK PRICES ON THE IRAQI STOCK EXCHANGE

Financial markets expert, Tamara Hussein, attributed the decline in stock prices on the Iraqi Stock Exchange today, Thursday, to the lack of demand from investors. 

Most of the stocks in the Iraq Stock Exchange have witnessed a decline in their value since the tension in the region, as the leading stocks continue to decline. 

Hussein said, in an interview with “Al-Eqtisad News”, that “the decline in stock prices in the Iraqi Stock Exchange is due to many reasons:

1.the most important of which is the weak demand due to the lack of liquidity available in the market, as well as the increase in banks’ capital through subscriptions that were conducted in previous months, as they withdrew a lot of money from investors.”

2.She added, “The other reason is the delay in distributing the profits that were approved by some banks,” adding, “We hope that the market’s performance will improve after they are distributed.”

3.She pointed out that, “The third issue revolves around foreign investors’ sales, in addition to inaccurate news that talks about the possibility of a global crisis in the financial markets, which caused a state of panic and withdrawal from trading, which is an expected and natural situation.”

The financial markets expert expected that “leading companies will regain their usual positions in the coming months.”

LATEST FROM MNT GOAT, 17 AUGUST

 Mnt Goat  

 Article quote:  “introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years”.

 How can this possibly...“lop” when they will continue trade and use these larger three zero notes in the background for 10 more years after they complete the Project...So no more negative stuff about a LOP…please! 

STATUS OF THE RV

Well,,,, Well ! We are almost halfway through August already and still no RV. Did you actually expect there to be an RV last weekend….lol.. lol. .lol.. 😊 All you idiot intel gurus with your meaningless predictions for an RV over the weekend. Yes, their crystal balls must not be working…lol..lol..lol.. 😊 I could have told you there would be no RV…. Oh wait,,,, I did! 😊 Why we haven’t yet seen the RV should not be a major concern of anyone anymore. What you should be thinking about most is the exchange of the currency and how to manage your money afterwards. The RV will come and it is on its way. But not yet as there is work to be done in Iraq to get to this point. 

So, today’s news stems around two issues. One is the banking and monetary reforms and the other is the Project to Delete the Zeros. 

Let’s talk about the Project to Delete the Zeros first. 

Yes, the Project to Delete the zeros popped it’s head up again in the news. But why is our first question. yes, why now? This time it is a serious and a very informative set of interviews with two of the leading Iraqi economists. In the interviews we get to hear what they are thinking as resolutions to the economic issues facing the dollar and dinar. They must get this parallel black market under control. I have included the actual news media coverage video of the interviews in the Articles Section below OR you can read a full transcript of the interviews in the blog also. I set the captions to English. Here is the link to the written transcript. 

I cannot emphasize enough that if you want to know what is truly holding up the RV inside Iraq then please, please go and watch the video or read and study the transcript of the video. It is so informative and even I learned so much from it. Yes, I ...FOR READ MORE: https://dinarevaluation.blogspot.com/2024/08/status-of-rv-by-mnt-goat-14-august.html

🔥 Iraqi Dinar 🔥 Changes in Values On 21st 🔥 Today IQD to Dollar RV News ...

IMPORTANT IRAQ NEWS: PARLIAMENTARY FINANCE COMMITTEE DISCUSSES WITH US EMBASSY THE FINANCIAL AND BANKING SYSTEM AND THE LACK OF DOLLARS IN THE MARKET BY MNT GOAT, 17 AUGUST

PARLIAMENTARY FINANCE COMMITTEE DISCUSSES WITH US EMBASSY THE FINANCIAL AND BANKING SYSTEM AND THE LACK OF DOLLARS IN THE MARKET

The Parliamentary Finance Committee confirmed, today, Tuesday, discussing the financial and banking system and the lack of the dollar in the Iraqi market with a delegation from the US Embassy in Baghdad.

A statement by the Parliament’s media department received by / Today’s News / stated that “the head of the Parliamentary Finance Committee, Atwan Al-Atwani, received at the committee headquarters, in the presence of Representative Khalil Al-Dawski, today, Wednesday, a delegation from the US Embassy in Baghdad, Minister Counselor for Economic and Trade Affairs Julie Jules, Deputy Counselor for Economic and Trade Affairs Angel Fintling, Macroeconomic Officer, Economic and Financial Section Michael Pinnell, and Economic Assistant/Economic Section, to discuss the financial and banking system in the country, Ammar Al-Ammar.”

The statement continued, “The meeting discussed the financial and economic situation in the country and the repercussions of the parallel market issue and its negative impact on the government economically, in addition to the lack of the dollar currency in the market, and the sanctions imposed on some banks, as well as the issue of the electronic platform for exporting the currency.”

The head of the committee stressed “the importance of high coordination between the two sides in order to solve the pending financial problems, in addition to the importance of transparent dealing to benefit from the capabilities, and not resorting to dealing in another currency,” noting “the need to create an atmosphere of understanding and invest in building bilateral relations on this basis.”

Al-Atwani stressed “the committee’s keenness to commit to combating financial corruption and confronting money laundering, as they are the basis for building societies, in addition to coordination in order to make correct decisions in this regard.”

For her part, the Minister Advisor for Economic and Trade Affairs said that “there is a real opportunity for cooperation and reform of the economic and financial system between the two sides,” stressing “working together to find appropriate solutions to all problems for the stability of Iraq as a basic ally of the United States.”

The statement noted “providing clarification on the three-year general budget and plans for banking regulation and reform of the spending process, and how to finance projects, in addition to the importance of supporting the private sector and involving it with the public sector, which confirms the importance of investing the revenues achieved and the possibility of providing the service.”

According to the statement, Al-Atwani pointed out the “ambition to legislate a law on partnership between the public and private sectors and involve the private sector in the market, in addition to working to amend the tax law and shift from the paper system to the electronic system.”