STATUS OF THE RV, PART. 1 BY MNT GOAT, 27 MARCH

 STATUS OF THE RV

I want to welcome everyone to Spring! This is one of my favorite times of the year, as we see a new growth and a fresh start. I was just sitting up on the mountain today as I hiked up to enjoy the warmer spring weather and listen to the sounds of gushing water flowing down from the melting snows above. 

It has been a long time since I perched on my favorite rock to view the valley below. I was thinking how spring this year will bring a rebirth in many ways to us all. Are you praying for your nation?

 Are you praying for the Glory of God for his prosperity and abundance He is about to bring us? Yes, it is coming, but on His terms not ours.

If we carefully pay attention to the changes taking place n our nations, we can see God is going to rid us of these global elites and their nasty ideology for the world. It was designed to enslave us more and more over time. Many will say – but look at all the nice things we have, nice homes, cars and still lots of food in the grocery stores.

 But these “nice things” are in spite of their attacks to suppress us. Many of these “nice things”, if they had their way will be dissolved and dismantled. Shortages and suffering is how they plan to control us. We already see it now, as try to push their agenda on us. They say the U.S. has had it too good for too long.

 Really? This is the swamp talking Marxist Communists ideology. I don’t even care anymore if we are the most wasteful society. At least we have plenty to waste, get it? Is the glass half empty or half full? Seems the communists want you too believe their empty glass thinking is the way to go.

The news today is all very good and still moving in the direction we need for the RV and reinstatement to happen. Today we get answers to yet more of what we asked when we first heard of this digital dinar effort. We also get more clarity on some terms the CBI has been using.  

1. Will cash paper dinar coincide with the digital dinar?

If we read the article titled “RAFIDAIN BANK DEPLOYS ATMS AT 5 STATIONS IN BAGHDAD”. Rafidain Bank announced last Friday, the deployment of ATMs at five stations in Baghdad. Why would they deploy yet more ATMs now. Don’t forget also the hundreds of ATMs deployed throughout Iraq in the past. Why would they do this if not still expecting to use cash at some level.

“Rafidain Bank announced the deployment of automated teller machines (ATMs) at a number of stations, allowing customers to conduct withdrawals and depositseasily and safely around the clock, and without any commission.” It was added,

  “This step comes as part of a strategy to expand the scope of digital banking services, contributing to the integration of more individuals into the banking system and enabling them to benefit from modern financial solutions without the need to visit traditional branches.”

But why not just use the digital wallets to conduct basic transfers and payments from their cell phones? So, now we see the ATMs would only be needed if there is still a need for cash.

In my last conversation with my CBI contact I was told that initially the digital dinar is to be implemented mainly for international transactions abroad to other Central Banks.

 The data center to manage it is now being designed and will be constructed very soon. So this is not years away. The need for it NOW is to kill the parallel market but most importantly to “introduce” the Iraqi dinar, if even a digital dinar, to the rest of the world.

They are going to push the digital dinar as the safest currency in the world. My contact told me to watch for these news articles to push this idea out to the rest of the world, beyond the middle east.

 Also don’t forget that Iraq plans to do major trading with the European Union (EU) and the EU is planning to roll out their digital EURO October 2025. So this is going to be interesting. Please get this excessive compulsive thoughts of an RV today or tomorrow. Instead just sit back and watch the drama. Yes, watch it all play out. This show is actually amazing to watch.  

2. Will they still exchange out the three zero notes to the new lower denominations?   

😊I firmly believe this project will still take place. When they tell us that the digital dinar will eliminate expenses of printing currency they are talking mainly about the large sums of paper dinars that would have to be transported outside of Iraq to pay their bills for imports. 

Remember the economy of Iraq is expanding and huge sums will be moved around to meet the needs of rebuilding Iraq and operating their economy. Customs and Tariffs along will rival the oil revenues. But they have to geta grip on these funds and have them paid to the Federal government general fund if this is to be successful.

 In an article today titled “PARLIAMENTARY WARNING OF THE REPERCUSSIONS OF DELAYING NON-OIL REVENUES ON THE IRAQI ECONOMY” we learn that the Parliamentary Economic Committee called on all ministries to expedite the payment of their non-oil revenues to the Ministry of Finance, while warning of the repercussions of continued delays on the national economy and the financial pressures that could affect the implementation of development plans.

 So, we see that this revenue is collected by the provinces but held up from the Federal Treasury. There is still work to be done to organize and funnel this money forward to be successful.

Remember also the CBI told us that our large three zero notes will remain in circulation but only used at the banks for “inter-banking” transactions between countries and banks. So this is what I believe this meant in the articles.  

Next, I want to address another issue that seems to bubble up from many of these intel gurus out there on the internet. It's about the Oil and Gas Law. I have to tell everyone that this law is NOT all about oil revenue sharing to the citizens, as many believe.

 Instead it is a law to be put in place to govern how oil in general will be managed in Iraq. Remember it is now still 90% of the revenues. So, to finally suppress all this intel guru nonsense on this matter Iraq finally talks more about this revenue sharing in the article titled “DISTRIBUTING OIL REVENUES TO IRAQIS: “ECONOMIC COLLAPSE INEVITABLE WITHIN TWO YEARS“.

 This controversy is escalating in Iraq over lawsuits filed by citizens demanding their share of oil revenues. An expert has warned of the disastrous economic consequences of such demands at this time. Go read the rest of the article for yourself if you don’t believe me.

I want to remind everyone too of what I told you years ago on this subject matter. This revenue sharing can only happen once the economy is stable and these other sources of revenues rival the oil revenues.

 Iraq also will need its current revenues to rebuild still war torn parts of Iraq and work on these industrial cities and silk road projects. Will oil profit sharing happen? 

Yes, I believe it will happen someday but for someone gathering and learning about the RV I would not place my time of concentration on this event as a trigger for the RV. Yes, how silly is this. This article backs me up too. But it also shows  this revenue sharing is real but just not now.

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

MNT GOAT: How will this...the digital dinar... impact the dinar paper we HAVE? #iraq

 

CENTRAL BANK: DIGITAL CURRENCY REDUCES CASH FLOW OUTSIDE BANKS, 26 MARCH

CENTRAL BANK: DIGITAL CURRENCY REDUCES CASH FLOW OUTSIDE BANKS

On Thursday, March 20, 2025, the Governor of the Central Bank of Iraq, Ali Al-Alaq, described digital currency as “limiting the flow of cash outside banks.” He also spoke of a plan to establish a data center that would serve as a foundation for digital transformation.

The Iraqi government faces challenges in managing dinar liquidity, as it suffers from a chronic shortage of this currency, affecting its ability to meet its financial obligations to pay employee salaries, repay debts, and finance projects.

Al-Alaq said in a press statement followed by Al-Jabal, “Financial technologies are developing rapidly, in line with the requirements of the financial and banking sector in terms of speed, accuracy, and economic efficiency, in addition to transparency and oversight. The reality of the digital revolution is imposing itself on all sectors, including the financial and banking sector, which stands to benefit most from the major transformations taking place.”

He added, “Digital currency can serve many purposes, limiting the flow of cash outside banks and achieving a high degree of transparency, as funds can be tracked, whether in consumption, investment, savings, or even in legitimate and illegitimate businesses. It also provides important databases for analytical purposes, not just for the movement of paper money. In addition, digital currency offers economies of scal e, including the ability to print and track currency.”

Al-Alaq explained, “We have begun taking steps in coordination with international organizations to review initial experiments in the digital currency file, which we do not wish to delay.” He noted, “There are existing experiments in some countries in the region, and we are also following up with the Arab Monetary Fund to develop appropriate steps in this direction, and what is required is infrastructure.”

He continued, “The Central Bank possesses advanced infrastructure. The new bank building houses a sophisticated data center, and we are working to establish a data center that will represent a successful foundation for digital transformation.”

The Central Bank of Iraq previously announced its move to issue a digital currency as an alternative to paper currency, a shift that could reshape the payments landscape and the national economy entirely.

This move comes in response to “increasing challenges in managing traditional cash,” amid a global trend toward financial digitization.

Al-Alaq said, “The financial and banking system will witness fundamental transformations, including the decline of paper currencies and their replacement by digital payments by central banks.” He explained that “the Central Bank is moving to create its own digital currency to gradually replace paper transactions, as is happening at some central banks around the world.

MNT GOAT : "RAFIDAIN BANK DEPLOYS ATMS AT 5 STATIONS IN BAGHDAD" - "CENTRAL BANK: DIGITAL CURRENCY REDUCES CASH FLOW OUTSIDE BANKS", 26 MRCH

 MNT GOAT

"RAFIDAIN BANK DEPLOYS ATMS AT 5 STATIONS IN BAGHDAD" - "CENTRAL BANK: DIGITAL CURRENCY REDUCES CASH FLOW OUTSIDE BANKS"

(Full articles in the articles section) "Rafidain Bank announced today, Friday, the deployment of ATMs at five stations in Baghdad". "This step comes as part of a strategy to expand the scope of digital banking services, contributing to the integration of more individuals into the banking system and enabling them to benefit from modern financial solutions without the need to visit traditional

branches." On Thursday, March 20, 2025, the Governor of the Central Bank of Iraq, Ali Al-Alaq, described digital currency as "limiting the flow of cash outside banks." He also spoke of a plan to

establish a data center that would serve as a foundation for digital transformation. In this period of news from Iraq we find that paper cash dinars will coincide with the digital dinar on a limited basis. It appears the digital dinar is mainly for international transactions of imports for now. This move is hoped to get the dinar readily accepted by all Central Banks outside Iraq. They also told us this will end the parallel market. Is this not what we need for a

reinstatement? Yes, stability of the currency at this level.

Let's explore all this today and more.... Choo... Choo...Choo... Choo...

Their words not mine.....

HOW IRAQ IS PLANNING TO ELIMINATE THE PARALLEL MARKET BY 2025? @DINARREVALUATION #iraqidinar

 

SUDANESE ADVISOR: DIGITAL TRANSFORMATION OF THE NATIONAL CURRENCY IS A STEP TOWARDS FINANCIAL SYSTEM STABILITY., 26 MARCH

 SUDANESE ADVISOR: DIGITAL TRANSFORMATION OF THE NATIONAL CURRENCY IS A STEP TOWARDS FINANCIAL SYSTEM STABILITY.

The Prime Minister’s Advisor, Mazhar Mohammed Saleh, stated on Thursday that the digital transformation of the national currency is an important step towards enhancing the stability of the national financial system.

In a statement to Al-Sa’a Network, Saleh stated that “the digital transformation of the national currency represents a stable and transparent payment instrument that contributes to improving the efficiency of the national economic system .”

He explained that “digital currency differs from paper currency only in terms of improved transaction speed and system quality, which reduces costs and provides greater control over payment flows .”

He added that “this transformation provides the Central Bank with a greater opportunity to implement its regulatory and supervisory policies, while ensuring high confidentiality in citizens’ financial transactions.” He noted that “the digital currency will become part of global payment systems while maintaining its exchange value as paper currency,” in addition to its “role in settling payments and transferring funds into foreign currencies in a transparent manner .”

He stressed that “this step will contribute to enhancing financial inclusion, especially for the most vulnerable segments of society, by facilitating their access to the banking system, and that digital transformation contributes to combating financial crimes such as money laundering .”

He explained that “Iraq will gradually enter the era of digital financial technology, in cooperation with the global financial and technical community,” noting that “this process requires two basic conditions: a high level of digital monetary culture among the public, and an advanced infrastructure, both electronically and legally .”

He pointed out that “the exchange rate system in Iraq, for more than six decades, has been based on pegging the Iraqi dinar to the US dollar,” stressing that “the transition to the digital dinar will not affect the value of transactions or financial transfers .”

DINAR REVALUATION REPORT: WHY IRAQ MUST DO IMMEDIATE ACTIONS REGARDING NON OIL REVENUES INITIATIVES?: IRAQ NEEDS AN ECONOMY STABLE , 26 MARCH

Parliamentary Statement on the Repercussions of Delaying Non-Oil Revenue Generation on the Iraqi Economy

To: The Government of Iraq, Ministry of Finance, and Relevant Economic Authorities

Subject: Immediate Action Required to Address the Risks of Delaying Non-Oil Revenue Initiatives

Introduction:

The Iraqi economy has historically been overly reliant on oil revenues, which, though significant, have proven to be volatile and susceptible to fluctuations in global oil prices.

 This over-reliance has made Iraq vulnerable to economic shocks, as evidenced by the financial crises triggered by declining oil prices. In light of these challenges, it is crucial for Iraq to diversify its sources of revenue, particularly through robust non-oil revenue initiatives.

Warning:

The delay in developing and implementing non-oil revenue streams is a matter of urgent concern. The Iraqi Parliament hereby issues a warning regarding the severe repercussions this delay will have on the economic stability and growth of Iraq in the medium and long term.

1. Economic Dependence on Oil: The Iraqi economy's overwhelming reliance on oil has placed it at significant risk during times of price fluctuations. Failure to diversify revenue sources not only exposes the country to global market volatility but also undermines the long-term sustainability of public finances.

    A continued delay in the implementation of non-oil revenues will exacerbate this dependency and stifle the country’s ability to withstand future economic downturns.

2. Fiscal Deficits and Budget Shortfalls: With the continued volatility of global oil markets, the failure to generate alternative revenue streams will likely lead to increased fiscal deficits and growing budget shortfalls. This may force the government to resort to borrowing or print more money, potentially fueling inflation and devaluing the Iraqi dinar. Such financial instability is detrimental to the economic health of the nation.

3. Impact on Public Services and Infrastructure Development: Delays in non-oil revenue generation will further strain Iraq's public services, including education, healthcare, and infrastructure development. The lack of reliable revenue sources will hinder the government's ability to invest in vital public projects and meet the growing needs of the Iraqi population, particularly in areas impacted by conflict and underdevelopment.

4. Increased Unemployment and Economic Stagnation: A stagnant economy resulting from a lack of diversified revenue sources can exacerbate unemployment rates, especially among young people and graduates. The failure to stimulate the non-oil sectors, such as agriculture, industry, tourism, and technology, will continue to limit opportunities for job creation and hinder the overall development of a diversified economy.

5. Loss of Investor Confidence: Investors and international financial institutions closely monitor the diversification efforts of emerging economies. The lack of concrete measures to tap into non-oil revenue sources can negatively impact investor confidence in Iraq’s economic potential. This can lead to a reduction in foreign investment and hinder economic growth prospects.

Recommendations:

The Iraqi Parliament calls for the immediate adoption of a comprehensive strategy to develop and enhance non-oil revenue sources. This includes:

1. Strengthening Taxation Systems: Implementing reforms in the taxation system to increase non-oil tax revenues, such as income taxes, value-added taxes, and corporate taxes.

2. Developing the Private Sector: Encouraging investment in sectors outside of oil, including agriculture, manufacturing, and services, to create jobs and boost economic output.

3. Promoting Tourism and Heritage Sites: Developing Iraq's tourism sector by leveraging its rich history and cultural heritage, which can generate significant revenue if managed effectively.

4. Improving Trade and Customs Systems: Enhancing trade facilitation measures and improving customs administration to increase revenues from imports and exports.

5. Diversifying State-Owned Enterprises: Privatizing or restructuring state-owned enterprises to reduce inefficiency and improve their contribution to the economy.

Conclusion:

The Iraqi Parliament stresses that the economic stability of the country depends on timely action to reduce its reliance on oil revenues. 

Delaying efforts to generate non-oil revenues will only prolong Iraq's financial vulnerability, economic stagnation, and hinder the country's long-term growth prospects.

 The Parliament urges the government and relevant authorities to prioritize the swift implementation of non-oil revenue generation strategies in order to secure a sustainable and diversified economic future for Iraq.