WALKINGSTICK: IRAQ WILL MAINTAIN THE CURRENCY STABILITY PAIRING THE IQD TO A BASKET OF CURRENCIES

 

MAZHAR SALEH: STABILIZING INFLATION IS ONE OF THE MOST NOTABLE SUCCESSES OF IRAQ’S ECONOMIC POLICY.

 MAZHAR SALEH: STABILIZING INFLATION IS ONE OF THE MOST NOTABLE SUCCESSES OF IRAQ’S ECONOMIC POLICY.

The Prime Minister’s economic advisor, Mazhar Mohammed Salih, confirmed that one of the most significant successes of Iraq’s economic policy this year has been the stability of the general price level, or inflation, growth rate. He noted that the annual inflation rate is approaching, for the first time in many years, the natural break in price growth, 

which amounts to about 3% or less, according to statistical inflation indicators.

Saleh explained in an interview with Al Furat News Agency that “this significant price stability is due to the combination of economic policy objectives to maintain the purchasing power of citizens’ cash income and overall macroeconomic indicators, which represents an addition to real income for citizens and a good indicator of the investment and business climate.”

He pointed out that “among the factors that contributed to achieving these successes is the general budget’s allocation of price support within fiscal policy, which constitutes more than 13% of GDP. This is a high and significant percentage, and goes towards subsidizing the prices of government services, in addition to fuel and food basket subsidies, farmer support, and other types of support.”

(Mnt Goat: Didn’t even mention the fact that the Iraqi dinar went up in value and the parallel market hit hard.)

STATUS OF THE RV , PART. 2 BY MNT GOAT

 STATUS OF THE RV , PART. 2 

The U.S. also has work to do in this regard with all of the unfair trade practices and currency manipulations going on with it, not to mention its huge national debt. So, one might say for the U.S. dollar to be part of these new baskets, it too needs some work.    

The CBI has told us, regardless of what we think, they are being told they must FIRST establish an economy that is sustainable beyond the oil volatile market and the oil revenues of the sole petro-dollar (this is called a rentier economy, a very volatile economy) revenue stream.

 Just look at what just happened too when oil dropped to $60. The entire Iraqi 2025 budget is now at stake. They had to adjust the budget tables and this took 6 months to do. They are half way through 2025 already…. What a dysfunctional budgeting process!….. ☹ No, they are not purposefully holding back the 2025 budget due the new rate in the budget. Please stop all this nonsense. It is not the RV timing holding it back. Please get off this RV soap opera drama.    

Now as we turn our attention to the reinstatement plan, we must ask important questions. How does all this fit into it, as it is all interconnected? 

I keep telling everyone this but many of you just still refuse to believe me and want the completion of a single event to trigger the RV. It does not work that way. We are not waiting for any event. Instead, Iraq and the region must be stable, secure and able to sustain their currency once it is on FOREX. There are many moving pieces. 

Trust me when I say this – I want the RV just as bad as you but lies are not going to get us there any sooner!

What are some of the moving pieces? I am sure I might miss some but let’s look at them:  

• The driving force to begin all this movement was the “full” release from Chapter VII sanctions in December 2022. We witnessed this and within a month the US Treasury moved in to Iraq. The currency auction audits began and the final phase of cleaning up the corruption began. This allowed Iraq to move ahead whereas before they were limited from many of the actions we are now witnessing taking place. What comes first the cart or the horse?

• There is the rentier economy, as the UN and IMF describe as a lack of “sustainability”. What if they did pull the trigger now and reinstated the dinar, can the economy sustain the new rate?

• Then there is the situation between the U.S. and Iran. This can get VERY complicated very fast. Nuclear armament, gas & electric sales issues?

• We witnessed the de-dollarization of Iraq, something right out of the Dr.Shabibi plan of 2011. So we know this HAD to take place first prior to the project to delete the zeros. In fact Dr Shabibi has Iraq de-dollarized back in 2011 but when the corruption hit, the dollars came back in, the project to delete the zeros and the reinstatement never happened.

• Next there was the parallel market and the dollar issues. The CBI had to get the dinar so that it is close to 1:1 with the dollar in order to conduct the project to delete the zeros, which has to happen prior to the reinstatement. They need this in-country RV in order to issue the newer lower denominations currency. The first step with this was to de-dollarize then to get the parallel market close to the “official” CBI rate. We are now looking for that next revalue of the “official” CBI rate whether it is close to 1166 or even 1000, which would make it 1:1. We wait and watch for this now. But now we had a major drop in oil prices and so everything is slower until Iraq adjusts and get back on track, get it?

• We just witnessed the liquidity issue with the banks and the new tactic to “force” the cash back into the banks.

• Then we have been studying the “Pillars of Financial Reform” with the banking sector. Oh, and what about the currency auctions. They are still ongoing but now financed by correspondent banks and no longer from the CBI reserves.

• We witnessed the foreign banks and agreements with Iraq in money transfers and payments for imports

• We just witnessed many of these economic summits to drive investors to Iraq.

• Just announced trillions worth of resources in Iraq. This is amazing but more amazing is they are contracting NOW (not ten years from now) with companies to exploit these resources and bring them to market NOW. This could rival the oil revenues.

• Implemented the customs and tariffs. Still have to fully account for all the money and this is also said to rival the oil revenues.

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

REINALDO JC: Iraq CBI Strategic Plan ‪@DINARREVALUATION‬ #iraqidinar #iraqidinarinvestor

 

Monday Coffee with MarkZ. 06/16/2025

 Monday Coffee with MarkZ. 06/16/2025

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Monday Morning and welcome to a new week of hoping. 

Member: Definitely need good RV news today! Hopefully will hear something promising about exchanging...

Member: Are you as discouraged as we are Mark?

MZ: I’m not discouraged…..I think we see the end. Wish we knew how quickly Iran will wrap up. I have a number of sources who think Iran will cave and we will have resolution within the week. Then I think it is all a “GO”

Member: Do you think the Iranian rial will go at the same time as the others?

MZ: I think the rial will be in the first basket. I am feeling good about the rial going now. 

Member: What about any new bond updates Mark ?    thank you

MZ: I don’t have any new bond updates at all. And I just went through all my messages. Hopefully I will have updates by tomorrow. 

Member: We know Monday morning are tough for news…..maybe you will hear something later. 

Member: any news from Vietnam?

MZ: Vietnam has made a pretty big announcement legalizing Crypto and a big technology law that allows Vietnam to move to -what we call – the QFS. They have embraced the technology. 

MZ: “Vietnam legalizes crypto under new digital technology law.” IMO Vietnam is laying the groundwork for modernization and the new financial system. I believe this is good news for all of us holding VND.

Member: Jamie Dimond has said that the dinar will be the savior of the dollar…he just didn’t say “when” 

MZ: In Iraq: “Advisor to the Prime Minister: Iraq is qualified to be a regional financial center with 4 strategic powers” he is laying out the facts on the wealth and prosperity heading Iraq’s way. 

MZ: “Iraq maintains its global ranking in natural resources”  It is ranked 9th in the world and second for oil in the entire middle east region. Iraq will be a bridge between the east and the west via the development road. 

Member: "The Iraqi Ministry of Finance announces the cessation of paper currency in all financial transactions and the adoption of electronic payment methods as sole option for payments"

MZ: That is supposed to occur before July 1st. 

Member: Sudani promised the people that the revalue would be done in his time in office

Member: New Iraq elections are in November. They better hurry things up. 

Member: Pimpy says Iraq will remove the zeros and we’re going to be disappointed with worthless paper.

Member: That is a lop. All other intel providers say that will NOT happen. 

Member: the G7 is happening right now in Canada…Trump just arrived there. 

MZ: “All eyes on Trump as G7 summit begins amid middle east tensions” They are holding this in Alberta. 

Member: The G7 could be quite interesting as to what Trump says & does there..probably more deals in the making

Member:   Let's Get 'Er Done. For the first time in decades, I am not watching news and just waiting for the chaos to stop. Glimpses are enough.

Member: Thanks for staying the courses Mark these years. Been an exhilarating ride

MZ: It has been an exhilarating ride…but we are ready for it to be over. 

Member: Have a great day everyone……the best is yet to come

STATUS OF THE RV, PART. 1 BY MNT GOAT

STATUS OF THE RV

I know everyone wants this RV, like yesterday. But unfortunately, there is still work to be done on many angles for Iraq. 

There is also the issue of Iran to be resolved before we can even think about an RV. Again, are we looking at the glass half empty (what still has to be done) or half full (how far they have come in just 2.5 years).

I try to bring you the progress of the monetary reforms, mostly following the plan to get back to FOREX. This is what we concentrate on mostly but there are other issues too that creep up. We can’t forget about these, as they delay the plan. 

This is a huge effort for Iraq as it is right in the middle of a very volatile area of the world right now with the Oct 7^th attack on Israel and now the negotiations with the U.S. on the nuclear dismantling of Iran. ISIS is also not yet dead and is still creeping around.

These terrorist organizations grown mostly because the U.S. has taken out the leaders of these countries that kept other terrorists out. I know many are also dictators but they seem to never have a solid plan afterwards once they disturb the situation.

 The U.S. and CIA are very good at messing with the beehive, but then run when it becomes overwhelming and the bees begin to sting, leaving the region a mess. Only later they come back to help, costing these countries billions to clean up. The covert U.S. operations did this with Afghanistan, Syria, Libya and Iraq. I certainly pray Syria turns out okay with their new leader.

I will add Iran is the main beehive and we can’t ignore it. Everyone should go and research why and how  Ali Khamenei got into power. Remember that there is an Islamic Revolution going on at the heart of all this terrorist trouble. 

 Khamenei has been in politics in Iran since 1981. I believe he has made Iran the epicenter of this Islamic Revolution we are seeing now stemming into our own countries. This Islamic Revolution is an armed, violent revolt against the western values and anyone who does not follow the Quran.

 If you truly follow the Quran literally, which these revolutionaries do, you can’t be a peaceful Muslim. There then becomes no such thing as a peaceful Muslim. Either you are Muslim or your not. It’s like being a Christian without following the biblical New Testament and Jesus’s teachings.  

This Iranian influence through their Islamic Revolution has tentacles in just about every nation throughout the world. Is the breeder of terrorism. 

This is no joke! Unfortunately, Iraq is a centuries old, major trading partner with Iran. So, I hope now you can see the uphill challenge facing Iraq when the U.S. wants to sanction Iran. It is hard to do.

This RV plan we watch is the Dr Shabibi’s plan from 2011. I am told the plan is still in effect and moving ahead. In my last Newsletter I showed you solid and honest news of the plan moving ahead, if even a step forward. This to me was “WOW!” news and unfortunately many of you did not see it that way.

 You want the RV tomorrow or else my information is no good. Sorry I will refuse to lie. I don’t know why you get disappointed when they show progress. Maybe it’s because you are still listening to many of these other idiot intel gurus with their “secret intel”, “behind the scenes” and “four letter agency” stories?

So, what Iraq just announced last week is they are going cashless. They told us this was coming and now it’s here in early July. They are going to “force” these stashes and hoards of cash dinars and dollars out of the homes. They told us this is 90% of the paper cash that resides outside of the banking system. It should be obvious now to everyone the grave importance of getting this cash back into the banking system for their economy to grow. This will also cut off all cash to Iran.

The cash in the banks will help create liquidity to finance the economic growth, the growth they need to show a rate of their dinar above a dollar. I know, I know I keep telling you the value is already in the dinar and in fact if you go back to 1990 it was over $3 and so look at all the progress since. 

But the standards for currency valuations have changed. Basel I-IV changed all of it. Why isn’t it at least at $3 now? But this is not how the IMF and the U.S. look at their economy today. Yes, today is not the past! 

They are going to use Iraq as a hinge pin for a resetting of other currencies to a “level playing field”. This is where the new “baskets of currencies” come from. Yes, there will be many groupings of currencies to create new pegs.

 These currencies will support each other. These will be major trading partners.

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

FIREFLY: Saleh back on TV today...talked about how a fixed rate is better than a floating rate #iqd