If you have been reading my Newsletters all along in these past couple years, you should realize a HUGE change or transformation has occurred in comparison since the time period prior.
It is a transformation of Iraq like no other they have ever experienced.
It has come on the heels of being released from Chapter VII.
I ask everyone to trust me in that I am in close contact with the CBI committee that is responsible for rolling out the Project to Delete the Zeros.
I get weekly statuses that are telling us that Iraq is only moving ahead and not backwards. I am told it won’t be long.
In a couple weeks we will see the fruits of a two-year long process of de-dollarization, electronic digitization and internationalism of the banking sector in Iraq.
There is absolutely no way that Iraq can move ahead to fulfill it’s plan for their country without a stable currency and have it listed back on the global currency markets. Then we go to the bank…..
Didn’t I tell everyone years ago that Iraq is going to be a central hub for the middle east?
Let me correct myself in saying it is now a central hub only it is not yet fully geared up and running to its potential. Eighty-five docking stations for freight ships at the port of Faw and only five are now open.
Imagine when all eighty-five slips are operational? The amount of freight that will flow through this port of Faw.
Many ask me about the fall of the Syrian government. Did the fall of Syria now solidify the plan and connect the final piece to their puzzle in this transformation process?
Did the election of Trump have anything to do with this final phase of economic development now that they have the backing of the banks and the financial reforms all but completed.
According to a statement by the Central Bank, received by Shafaq News Agency, the electronic platform for foreign transfers managed by the Central Bank of Iraq began at the beginning of 2023 as a first phase to reorganize financial transfers in a way that ensures proactive oversight of them instead of subsequent oversight by the Federal Reserve auditing daily transfers.
According to the statement, it was “an exceptional measure as the Federal Reserve does not usually do this, and a gradual shift was planned towards building direct relationships between banks in Iraq and foreign correspondent and approved banks, mediated by an international auditing company to conduct pre-audit of transfers before they are executed by correspondent banks.” Did you read what I just read? WOW! 😊
He continued: “During the year 2024 and until now, 95% of the transfer process from the electronic platform to the mechanism of correspondent banks directly between it and Iraqi banks has been achieved, which means that only about 5% of it remains within the platform, which will be transferred using the same mechanism before the end of this year and according to the plan.”
The bank confirmed that trade with the UAE, Turkey, India and China represents about 70% of Iraq’s foreign trade as (imports), which prompted the Central Bank of Iraq to find channels for transfer in euros, Chinese yuan, Indian rupees and UAE dirhams, through accredited correspondent banks in those countries.
I quote from the articles “He added in this regard: “(13) Iraqi banks have actually begun conducting transfer operations with the prior audit mechanism that has been agreed upon and approved in addition to transfers in dollars, with the provision of channels for personal transfers for legitimate purposes and external purchases through electronic payment channels and international money transfer companies and cash sales to travelers, and the payment of cash dollars for incoming transfers to the parties and purposes specified in the Central Bank’s published instructions.” So, the process has actually already begun to some extent.
I quote from the articles – “The bank noted that it has placed foreign transfer operations and meeting dollar demands on sound paths consistent with international practices and standards and the Anti-Money Laundering and Terrorist Financing Law”. Yes, they are tightening the screws on the corruption practices, something they should have done a decade ago.
I quote from the articles – “The Central Bank’s statement concluded that “providing the aforementioned channels for all purposes at the official dollar price makes this price the true indicator of economic practices, which is proven by the reality of price stability and control of inflation.” Oh, what did they just say….control inflation? Isn’t this all part of Dr Shabibi’s plan at the end of the process to control inflation and check for it to ensure stability prior to unleashing the dinar back on FOREX?
....https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/