Wednesday, March 5, 2025
MNT GOAT : What would happen if Iraq did institute a digital currency prior to the RV?, 6 MARCH
MNT GOAT
What would happen if Iraq did institute a digital currency prior to the RV?
This action would impede and slow down the necessity to RV since they would not have to conduct the project to delete the zeros and there would be no longer pressures to do so. On the other hand, it would force the turn-in of all hard cash to the banks for credit and thus finally all this cash back into the banking system for liquidity.
But there are other ways of doing this too, as we are now seeing taking place. Will the people of Iraq accept this lack of FREEDOM of privacy of their expenditures and the government controlling their every dinar spent? Of course, many Iraqi may feel this might be a step up from what they now have, without realizing all the future ramifications it will cause.
Bottom line is I am not worried about this transition to a fully digital currency unless I firmly hear the CBI come out with a directive policy to begin the process. I don’t think this is going to happen until we are way out of this investment and the dinar has already been reinstated.
I want to bring you one more article and this one is from the past. I stumbled on this one while searching for the past articles on the digital currency stuff. Take a look at it as it is very interesting and tells us so much of Ali Al-Alaq and his mind set for the dinar. Look at the date…..
So, in today’s news we just read that from Saturday Alaq said and I quote from Alaq that “IRAQ AMONG THE BEST IN THE WORLD IN CONTROLLING THE SALE OF THE DOLLAR”. Really? So, you see some the news is just hopeful. The CBI does have plans but it might change as the dynamics of the politics change too.
This was during the first Trump administration. If the CBI could really control the dollar so well than after 7 years from this article you would think the CBI could have the dinar equal to the dollar by now? Folks it's been 7 years since this article.
Are you listening what I am trying to tell you? I am not trying to discourage you but to wake you up to the reality of what is really happening in Iraq. There are some strange things happening in Iraq!
STATUS OF THE RV , PART. 3 , 5 MARCH
STATUS OF THE RV , PART. 3
😊We also see more of the U.S. stance on other issue too in dealing with Iraq in the article titled “WASHINGTON ADVISES THE IRAQI POLITICAL SYSTEM TO LIFT ITS HAND FROM 5 INSTITUTIONS.. LEARN ABOUT THEM”. The United States advised Iraq to lift the political system’s hand from 5 major official institutions, in order to avoid potential US sanctions .
That “the institutions included in the American advice are: the National Oil Company SOMO, the Central Bank of Iraq, the intelligence and counter-terrorism services, and the security services.”
It is explained that “these institutions were established with American support and funding to be part of the structure of the Iraqi state and not the government,” noting that “the political system’s interference in their work threatens to impose more sanctions that may directly affect the Iraqi economy.”
In other words the U.S. is telling Iraq that these institutions are for the people not for the political purposes of the government.
😊In the articles titled “INVESTMENT OPPORTUNITIES ARE EXPANDING.. FAO IS PREPARING TO TRANSFORM INTO THE LARGEST INDUSTRIAL CITY IN THE MIDDLE EAST” and “MF CONFIRMS SUPPORT FOR IRAQ IN DEVELOPING FINANCIAL POLICIES” we learn as explained that “the development road will transform Iraq into a pivotal commercial center linking the East and the West through advanced industrial cities extending from Al-Faw to the Turkish border,”
noting that Al-Faw city will include giant industrial projects including petrochemical plants, power stations, water desalination and liquefied gas facilities, in addition to residential and tourism projects, which will contribute to stimulating trade exchange and creating more than one million job opportunities. I is also stressed that “the project will contribute to reducing the time it takes to transport goods from China to Europe to less than 22 days, which will enhance Iraq’s position as a global logistics center.”
All I can say is WOW! WOW! WOW!. How can the dinar ever stay at 1/6 of a penny in the near future?
So with all the news of the U.S. policy towards Iran complicating Iraq currency reform which is caught in the middle of this issue, we can clearly see the Iraqi dinar is being artificially suppressed and will not come out of this “coma” until the spiders web with Iran and middle east terrorism is broken. Our prophets keep telling us this web will be broken and there will be a grave surrender of wealth and freedom from this middle eastern region. God told us “there will be a break in the financial system when you see the situation at its worst”. This is God’s words not mine. Are you listening?
GOVERNOR OF THE CENTRAL BANK ALI AL-ALAQ DURING HIS SPEECH AT THE FORUM, 6 MARCH
GOVERNOR OF THE CENTRAL BANK ALI AL-ALAQ DURING HIS SPEECH AT THE FORUM
Economy News Iraq April 26 2018
The governor of the Central Bank of Iraq, Ali Alalak, the total assets in banks operating in the country is 200 billion dollars.
Al-Alak said in his speech at the meeting of the “partnership in investment” within the Forum on investment and reconstruction opportunities in Iraq and attended by “Economy News”, “The cash credit provided by banks amounting to 30 billion dollars and weaken this figure of credit contract,” noting that ” The amendment of the organizational structure, the establishment of risk units, combating money laundering and the financing of terrorism, among others. “
He added that “the central bank has developed the system of payments and will soon launch payment by mobile phone,” asserting “Last year we launched the common system known as the IBAN for all accounts and Iraq is one of the 47 countries in the world implement this system, which facilitates the process of financial transfer “He said.
He pointed out that “MasterCard will establish a school in Iraq to develop young people to use credit cards and others,” adding that “the inflation rate in Iraq does not exceed 2%.”
He pointed out that “THE COMING PERIOD WILL WITNESS A DECLINE IN THE RATE OF INFLATION IN IRAQ AFTER CONTROLLING THE EXCHANGE RATE AND CANCEL THE MARGINAL PRICE OF THE DOLLAR AND MAKE IT EQUAL TO THE OFFICIAL PRICE,” noting that “this measure by the Central Bank supports the purchasing power of citizens and provides an important indicator for businessmen through the stability of the working environment” .
He pointed out that “the dollar exchange rate is considered at the current stage is the best because it has become an ideal price and gives confidence to investors in maintaining the return of their activities.
I encourage everyone to continue our prayers. These are the prayers that God wants to hear. He needs to know your concerns and wants to help. Remember we don’t know how this is all going to turn out but we do know it will. Be patient and let God do His work in the middle east.
TIDBIT FROM JEFF, 6 MARCH
Jeff
They did not have any currency auctions as of...Monday March 3rd. Now, what were the 2 critical things the central bank states to us through the year '24 (which by the way, you're still in) -
End the use of the dollar and end the currency auctions. Last Thursday/Friday they said the citizens debit cards would no longer be able to access US dollar cash outside the country of Iraq.
That's one way of exiting the dollar. They also said the currency auctions would end. When does their fiscal period end? The very end of March. When does the new budget period start? April 1st. Boom there you go! Rate is changing in March folks!
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