STATUS OF THE RV , PART .5 BY MNT GOAT

 STATUS OF THE RV , PART .5

😊In this same regard is article titled “IRAQ STOCK EXCHANGE TO JOIN TABADUL DIGITAL TRADING PLATFORM” The Abu Dhabi Securities Exchange (ADX), the UAE’s largest financial market, has signed an agreement with the Iraq Stock Exchange and the Iraqi Securities Commission (ISC), paving the way for Iraq to join the regional digital trading platform, Tabadul. The signing ceremony was held at ADX headquarters on Tuesday.

These two last articles reflect yet more effort on the Stock Market. If you recall this is one of the vital Pillars of Financial Reform and will pave the way back to FOREX.

Clarity on the VISA and Mastercard saga:

Next, I want to bring news about the Iraqi VISA and Mastercard saga. What is the importance of these cards? There are two articles in today’s news concerning the management of these cards.

 If you recall for these cards, once the CBI began the de-dollarization effort, quickly became a source of withdrawing cash in dollars from the cards and funneling the dollars to Iran.

 Not good! The Iranian loyalist inside Iraq will do anything to be loyal to Iran. This had to be stopped as part of the money laundering schemes yet travelers still needed the cards as well as in country Iraqis for electronic payment options. The CBI had to find a solution and did find one. These next two articles are about the solutions and when they kick into effect. This is important for Iraq for establishing how they handle money internationally so pay attention.

😊The first article titled “CENTRAL BANK: VISA AND MASTERCARD CARD ISSUE ABROAD TO BE RESOLVED NEXT MONTH” tells us the Central Bank Governor Al-Alaq announced on Saturday that the issue of Visa and MasterCard cards abroad will be resolved within the next month.  He explained, 

“When we headed to organize this process, it required a set of procedures that must be worked on, so that we put it in its correct direction and according to acceptable standards, and therefore there were some stops and some changes in the paths.”

Al-Alaq said, “An agreement was reached with all concerned parties – which include “Visa” and “MasterCard” in coordination with the Treasury, the Federal Reserve, and the auditing company – on “the formulas and paths for settling these cards,” stressing that “the Central Bank has taken rapid steps in this regard, expecting to complete this task within the next month, i.e. before the scheduled date for this process, which is June 1.”

Just so you realize they are NOT using these cards with the “new” RV rate. If anyone tells you this they are crazy people and lying to you. If these cards are used outside Iraq they use the same “official” rate of the CBI if they want to pay for goods in any other foreign country. This is why the link back to the CBI is on FOREX. Get it?  It is the same like if you use a US charge card in Germany. The card will take your U.S. Dollar limit and convert it to Euros. 

Euros will pay the merchant…simple. The cards can never have a special rate on them. The rate comes from the CBI. So, let’s stop all this nonsense about these cards and having a new RV rate on them. This is so ridiculous it is even scary that anyone would even believe this crap, but these idiot intel gurus (like TNT Tony and Bruce) are telling you this. Yes, very sad with all the lies.

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

🚨 APRIL 1: Iraq’s Global Trade Switch Goes Live !! @DINARREVALUATION #iraqidinarinvestor #iraq

 

EXPERT: RESTARTING THE KIRKUK-BANIAS PIPELINE IS A STRATEGIC STEP TO STRENGTHEN IRAQ’S OIL POSITION

 EXPERT: RESTARTING THE KIRKUK-BANIAS PIPELINE IS A STRATEGIC STEP TO STRENGTHEN IRAQ’S OIL POSITION.

Oil expert Riyad al-Nazzal confirmed in a press statement that “restarting the Kirkuk-Banias pipeline, which was built in the 1950s with a length of 880 kilometers and a production capacity exceeding 300,000 barrels of oil per day, is a step of strategic importance.”

In a press statement, Al-Nazzal pointed out that “the line has witnessed multiple political fluctuations since the tripartite aggression against Egypt, through nationalization operations, the Iran-Iraq War, the first and second Gulf Wars, and finally the international coalition’s war against ISIS.” 

He added that “the pipeline is currently gaining significant importance for Iraq, strengthening its position among the world’s largest oil producers, with more than 3 million barrels per day.” He explained that it enables Iraq to avoid the risks of relying on the Turkish Ceyhan pipeline, which is affected by shifting interests and political balances with the Kurdistan Regional Government, or disturbances in the Red Sea when exporting through the ports of Basra. Meanwhile, the Syrian pipeline remains the least expensive and fastest option for reaching European markets.

Iraq has begun practical steps to restart the oil pipeline extending through Syria to Mediterranean ports, sending an official government delegation to Damascus to discuss rehabilitation mechanisms, according to a statement issued by the Prime Minister’s media office. Through this move, the Iraqi government seeks to open new routes for its oil exports amid escalating regional and international challenges affecting energy flows.

STATUS OF THE RV, PART 4 BY MNT GOAT

 STATUS OF THE RV , PART 4

So, here is yet another article from today’s new about the decline of the dollar and a reason why. It is titled “PM ECONOMIC ADVISOR: TRAVELERS’ E-PAYMENTS FUEL IRAQI DINAR RISE”.

 Iraq’s dinar continues to strengthen against the US dollar, fueled by a shift toward electronic payments and tighter foreign trade financing,  Saleh attributed the currency’s recent strength to a drop in physical dollar demand, driven by expanded use of electronic payment cards, particularly among travelers.  

Travelers now access dollar allocations legally through airport facilities, reducing reliance on the parallel market,” he also noted, adding that private-sector trade transactions conducted through correspondent banks at the official rate of 1,320 dinars per dollar have reinforced market stability.

Saleh further credited the Central Bank of Iraq’s recent reforms—including the dismantling of the old payment platform and the launch of compliance-based mechanisms—with reducing cash dollar demand in secondary markets. “These steps have made official payment channels more flexible and cost-effective, marking a major achievement for monetary stability and regulatory oversight.” The dinar has posted steady gains in recent days.

What else is in the news?

😊I want to bring your attention to the news about EBRD in article titled “EBRD ENABLES EXPANSION INTO IRAQ”. Why would they want to do this? Articles like this one only reinforce what we already know about the future of Iraq. It is going to be a financial powerhouse. 😊 Could this also help in full accession to the WTO? Of course it will. What do you think? 😊 Just yet another event where we shake our heads and ask – where is the RV? So, what is the EBRD and why so important for Iraq?

The European Bank for Reconstruction and Development (EBRD) has amended its statutes, enabling it to expand operations into sub-Saharan Africa and Iraq.

According to a statement from the bank, this pivotal change redefines the Bank’s geographic remit and follows approval by its Board of Governors in 2023. The amendment will formally take effect in three months. 

The move sets the stage for Iraq to become a full country of operation, alongside several sub-Saharan nations. Iraq, along with Benin, Côte d’Ivoire, and Nigeria, has already joined as a shareholder, while Senegal, Kenya, and Ghana are currently undergoing the membership process.

It paves the way for our governors to grant recipient status to countries in sub-Saharan Africa and Iraq, which will enable us to start operations in our first countries in the region.” The EBRD currently has 75 national shareholders, in addition to the European Union and the European Investment Bank. WOW! This is all related to Iraq getting back on the global stage.

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

JON DOWLING: BIG CHANGES AHEAD!!! BE PATIENT!! @DINARREVALUATION #iraqidinar #iraqidinarinvestor

 

GOVERNMENT ADVISOR: IRAQ IS IN A PROSPEROUS AND PROSPEROUS ERA DESPITE THE DIFFICULTIES OF THE INTERNATIONAL ECONOMY

 GOVERNMENT ADVISOR: IRAQ IS IN A PROSPEROUS AND PROSPEROUS ERA DESPITE THE DIFFICULTIES OF THE INTERNATIONAL ECONOMY.

The Prime Minister’s financial advisor, Mazhar Mohammed Salih, confirmed that operating expenses, which include salaries and other expenses, constitute approximately 57% of total annual spending in Iraq, and are fully covered as construction projects proceed at an accelerated pace.

Saleh explained in a statement to Al Furat News Agency, “This confirms the success of fiscal space management in supporting the country’s financial, economic, and developmental sustainability, even in light of the relative decline in the oil asset cycle.”

He pointed out that this has had a positive impact on citizens’ living conditions, as annual growth in the general price level, or the inflation index, has remained below 4% per year, a key indicator in the country’s stability roadmap and maintaining its standard of living.

Saleh described the current situation as a “prosperous and prosperous era” despite the difficulties facing the regional and global economies.

He noted that Iraq ranks third in the West Asia region in terms of GDP composition, after Saudi Arabia and the United Arab Emirates, among the group of Arab countries with high annual national incomes, according to the latest international indicators and estimates.

(Then were is the true nominal rate of the dinar if this is true? Just another indication it is being artificially suppressed.)

STATUS OF THE RV , PART. 3 BY MNT GOAT

 STATUS OF THE RV , PART. 3

😊So, here is yet another article titled “WHAT ARE THE REASONS FOR THE DECLINE IN THE DOLLAR EXCHANGE RATE AGAINST THE IRAQI DINAR?”.

 On Thursday, April 24, 2025, Professor of International Economics Nawar Al-Saadi revealed the reasons for the decline in the exchange rate of the US dollar against the Iraqi dinar in local markets.

😊Here is yet another recent article on this subject matter. It is titled “PM ECONOMIC ADVISOR: TRAVELERS’ E-PAYMENTS FUEL IRAQI DINAR RISE”. It reviews some of the same reasons for the sudden rise in the dinar.  

To sum it all up, we hear that that the improvement in the Iraqi dinar’s exchange rate against the dollar in local markets is due to the central bank’s recent policies in six areas of concern. I keep telling everyone there is not any one event that is going to get us the RV but the efforts of many reforms. Get it? It is the cumulative effect of many reforms that will finally break the suppression of the rate and force it to go global. This is important to understand.

There are factors that the articles identify in today’s news including: financial reserves, dollar flow, stabilization, productive sectors, global pressure and electronic cards. We have read many articles about the reform efforts in each of these areas. Here is a short summary of each from the news:  

• financial reserves

He added that the country’s massive financial reserves are one of the main reasons behind the improvement in the value of the dinar against the dollar, and we expect the dinar’s value to continue to improve in the coming period. He pointed out that the Central Bank of Iraq is working to consolidate the national currency by adopting policies that are consistent with Iraq’s financial capabilities and the requirements of the national economy.

• dollar flow

On the monetary policy side, the Central Bank has taken strict measures, including restricting the flow of dollars through auction platforms and imposing strict oversight on banks.  

• stabilization

While effective in achieving short-term stability, remain subject to several risks. The Iraqi economy’s dependence on oil revenues makes it hostage to global market fluctuations.  

• productive sectors

Sustainability of this improvement requires structural reforms, starting with diversifying the economic base and reducing dependence on oil) 

• global pressure

The opening up between the United States and the Islamic Republic has eased global pressure on remittances to Iran, reducing demand for the dollar in local markets and strengthening the value of the national currency.  

• electronic cards

The importance of the Central Bank of Iraq taking action to reach an agreement with the United States and establish an official platform for transactions by creating an electronic payment card for use in Iran, Russia, and other sanctioned countries. This would reduce demand for dollars.  

• Trump’s policies

The economic policies (politics) recently adopted by the US administration, most notably the imposition of tariffs on a number of goods and its relations with Iran.  

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