"PETRODOLLAR & THE IQD" BY MNT GOAT, 5 FEB

 MNT GOAT

The other part of the major news from Iraq is still the dilemma of the parallel market, however this too is coming to a head and the underlying causes are slowly be exposed. If you read the articles today you can see the political pressure is on the US from Iraq to end the sale of oil in Petro-dollars. What? Yes, you heard me right. I just commented on this a few weeks ago in my Newsletter and so now we are seeing in the Iraqi news. How freaky is that?

Do you really think this can happen? Read one of the articles and I quote from it –“ This deal forced all oil-importing countries to create a fixed supply of dollars to buy oil, and therefore these countries were forced to export goods to America, and in return, America provides them with dollars that will only cost them the cost of printing them, and from here a new system began that maintains American dominance over the financial system.” The global name is the petro-dollar.”  Then there is the explanation of the dangers of getting off the petro-dollar and I quote – “ Economist Nabil Al-Marsoumi recalled the fate of both former regime president Saddam Hussein and Libyan President Muammar Gaddafi, after Iraq moved towards selling oil for prices other than the dollar”.

HOW IT ALL STARTED

In 1973, King Faisal of Saudi Arabia agreed to accept the dollar as the sole currency to buy oil in exchange for America providing military protection for Saudi oil fields, and in 1975 the other OPEC countries agreed to price oil in dollars only, and America succeeded in this deal by linking the dollar to oil instead of gold. On September 24, 2000, Iraq’s Saddam Hussein declares that his country will no longer price oil in U.S. dollars, but in euros instead. In 2003 Iraq is invaded by the U.S.. Go figure? Iraq’s oil supplies are removed from a “petro-euro” system back to a petrodollar system. As consequence Iraq is removed from the global currency trading markets (FOREX).

I am bringing you this short history lesson about the Petro-dollar so you understand how valuable the Iraqi dinar really is. Is it as valuable as gold?

This video below is MUST watch for every IQD investor. It will give you a good perspective as to why the dollar is so harmful and manipulative to Iraq. Is it all starting to make sense now! So, again I ask will Iraq get off the Petro-dollar as a solution to their dollar crisis? But there are other solutions to the dollar crisis in Iraq. There only has to be the will for the US to support more viable solutions. The problem stems in the corruption and there is much US corruption involved too. So change is hard. The goose that lays the golden eggs is hard to kill.

Major headings for our articles in today’s Newsletter:

• CENTRAL BANK GOVERNOR: WE PREVENTED BANKS AND COMPANIES FROM OBTAINING THE DOLLAR… AND WORK ON THE ELECTRONIC PLATFORM WILL END DURING THE CURRENT YEAR

• IN NEED OF BOLD SOLUTIONS.. THE DOLLAR CRISIS IS MORE COMPLEX THAN THE CENTRAL BANK’S PROCEDURES – URGENT

• THE FINANCE COMMITTEE RESPONDS TO THE US SANCTIONS: LET US SELL OIL IN CURRENCIES OTHER THAN THE DOLLAR

• AN ECONOMIC EXPERT RECALLS THE FATE OF SADDAM HUSSEIN AND GADDAFI AFTER IRAQ DECIDED TO SELL OIL FOR SOMETHING OTHER THAN THE DOLLAR

• THE UGLINESS OF REALITY CANNOT BE HIDDEN.” THE IRAQI ECONOMY IS SUFFERING UNDER AMERICAN SANCTIONS

• AL-BADRI: AMERICA COVERS UP ITS CORRUPT TO SERVE ITS INTERESTS IN IRAQ

THE GLOBAL TREND:

It is predicted by 2050 the four BRIC economies would come to dominate the global economy. South Africa was added to the list in 2010. Iraq was approached to join few years ago. The BRICS countries operate as an organization that seeks to further economic cooperation amongst member nations and increase their economic and political standing in the world. These are nice sounding words but the real objective is the process is to undermine the Petro-dollar dominance of the US dollar around the world.

WOULD ENDING THE PETRO-DOLLAR BE A GOOD IDEA?

As citizens of the U.S. we may not like this approach to BRICS is undertaking but the reality is the goose that lays the golden eggs has a life span and it is just about up. The US is the cause of almost every conflict around the globe as a result of this Petro-dollar policies to keep countries on the Petro-dollar. The fate of the dollar depends on it.

Remember it was not just getting off the gold standard in the 70’s alone that is killing the dollar but the careless ability to now over-spend and just print more dollars at the cost of the paper alone. It was the path and an incentive for irresponsible politicians to rack up a huge, overwhelming US national debt. It is time to STOP it. It is time for reconciliation. We can see the writing is on the wall but to return back the gold-standard will be a necessity when the Petro-dollar ends, and it is going to end. We can clearly it.

So, I presented this information to you today about the Petro-dollar and the recent articles from Iraq on this subject because it ties the politics into our Revaluation and Reinstatement of the Iraqi dinar. How can anyone possibly say that this investment is not tied to politics? How can you possibly say politics is not holding it up? I have been saying this for years now and showing you the proof. Do you believe me now? I firmly believe we may very well not see the reinstatement until after the November US elections and that is ONLY if TRUMP and the rest of the conservatives sweep both Congress, Senate and the Presidency. Yes, there will still be much work to be done and an entirely new financial system is already in the making only the so-called Progressives want to hang on to the fiat dollar. They call themselves “Progressives” but in reality, they want to hold on the same old, same old corrupt ways of running our governments. 

But there is a better way….

No, the Central Bank Digital Currency (CBDC) is no the solution, however they will try to push it on us. The CBDC is just yet another form of fiat currency and a controlling mechanism for society. It is not about freedom! We don’t need a digitized dollar which is ripe for corruption even if it is partially backed by gold. This would be a knee-jerk reaction to the coming financial crisis. What we need is real solutions and to go back to the basics. Iraq is no different than the US with its financial reforms. Only they are ahead of us. 

We must keep praying and pray hard. We are coming to the finish line and as you know if you ever ran in a marathon the last miles are the worst and most difficult as will be 2024. But the US, as other countries will prevail, and we will overcome this curse of globalism and One World Government/New World Order. We have lost some battles and won some, but the war is not yet over, and the victor declared. 

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

Iraqi Dinar | Big Change Coming in Iraqi Dinar Exchange Rate | Iraqi Din...

Document.. 8 Iraqi banks banned from participating in the window of buying and selling foreign currency, 5 FEB

 Document.. 8 Iraqi banks banned from participating in the window of buying and selling foreign currency

Shafaq News / An official document issued by the Central Bank of Iraq showed that 8 Iraqi banks were banned from participating in the window of selling and buying foreign currency.

The document, re-exported by Shafaq News, included a ban on banks from participating in the window of buying and selling foreign currency and not dealing in dollars.

The eight banks are (Iraqi Investment Bank, Kurdistan International Islamic Bank, Union Bank of Iraq, Al-Huda Bank, Ashur International Investment Bank, South Islamic Bank for Investment and Finance, Arab Islamic Bank and Hammurabi Commercial).

https://www.shafaq.com/ar/اقتصـاد/وثيقة-حظر-8-مصارف-عراقية-من-الاشتراك-في-نافذة-بيع-وشرا-العملة-ال-جنبية

"RV UPDATE" BY MNT GOAT, 5 FEB

 MNT GOAT

The second part of the news is about the establishment of exchange platforms with HSBC (the leading international bank) that will account for all our three zero notes collected from our exchanges in Europe and in the U.S.. This is now all set up and established channels for funneling the money or credits back to Iraq. What do I mean “to account for” ? 

HSBC is a clearing house for foreign currency throughout the world. When any private bank decides to purchase foreign currency from you (as your exchange dinar to dollars) it can do one of two things with it. First it can decide to keep it as part of the bank’s foreign reserves for possible customers wanting to purchase it in the future. Or it can broker it to HSBC global banking which will return it back to the country of origin. 

In the case of the three zero notes with Iraq, specific accounting procedure has been established with the US Treasury with HSBC which will buy the dinar from the local banks then turn them back over to the CBI and get credited.

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

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US National Security requests Baghdad’s help to stop the factional threat, 5 FEB

US National Security requests Baghdad’s help to stop the factional threat

Mawazine News – Baghdad
, US National Security Council spokesman John Kirby confirmed that the attacks launched by the factions and their failure to hold them accountable constitute a violation of Iraqi sovereignty more than our response to them
 . Kirby said in a televised interview followed by Mawazine News, that “we want to see the Iraqi government move and help us in Curbing the threat posed by the factions.

 US National Security Advisor Jake Sullivan had refused to confirm or rule out directing strikes against targets inside Iran, in response to the killing of 3 American soldiers in a drone attack on an American military site on the Syrian-Jordanian border.
Sullivan said in a television interview . With the American network NBC, he said that the air strikes that targeted sites in Syria and Iraq had a “very good effect,” stressing that his country will continue these attacks.

https://www.mawazin.net/Details.aspx?jimare=241595

"THEY TOLD EDDIE ON THE 29TH OF JANUARY, A CAMPAIGN WAS BEING LAUNCHED TO EDUCATE THE IRAQI CITIZENS ON THEIR MONETARY REFORM... THIS IS ANOTHER EXAMPLE OF IT", by FRANK26, 5 FEB

 Frank26:  "THEY TOLD EDDIE ON THE 29TH OF JANUARY, A CAMPAIGN WAS BEING LAUNCHED TO EDUCATE THE IRAQI CITIZENS ON THEIR MONETARY REFORM... THIS IS ANOTHER EXAMPLE OF IT".................F26

Empowering the Iraqi economy: growth through strategic investments and banking excellence

1/30/2024  Baghdad

 Cihan University - Dohuk held the "Third Annual Economic Forum", in the presence of Zirvan Abdul Mohsen Asaad, President of the University, and a number of experts, economists, bank managers and academic figures.

 The forum was held in the Research Center hall, under the slogan “Empowering the Iraqi Economy: Growth through Strategic Investments and Banking Excellence.”

The first session began at eleven o'clock in the afternoon and lasted for two hours, and was moderated by Ahmed Al-Saffar, an academic and former member of the Iraqi parliament.

 The first speaker was Abdul Hussein Al-Anbaki, head of the economic advisory office of the Iraqi Prime Minister, who began his speech about the challenges facing development in Iraq.

Al-Anbaki stressed "the necessity of addressing structural imbalances in the economy, pointing out the failure to achieve the goals associated with Article (25), which aims to reform the economy by diversifying sources and supporting the private sector."

 Al-Anbaki referred to the history of the Reconstruction Council and the impact of changes in its allocations on its effectiveness, proposing the establishment of an independent Popular Development Fund to finance government and private projects with soft loans.

He concluded with recommendations for administrative reform before economic reform, reconsidering the management of oil revenues, adjusting the exchange rate of the Iraqi dinar, and canceling the auction. currency, and the legislation of the public-private partnership law.”

The second speaker was Haval Siddiq Ismail, representative of the Minister of Investment in the Kurdistan Region, and Director General of the Investment Authority in Dohuk, who “presented a comprehensive analysis of the investment situation in the region. He provided details about investment projects and successful sectors in attracting investment, with a focus on challenges, opportunities, and policies.”

The government encourages investors. Dr. Haval also highlighted the regulatory and bureaucratic obstacles, and provided a realistic assessment of the difficulties and potential opportunities. Finally, he provided details about the potential opportunities and government policies followed by the Kurdistan Regional Government to facilitate a prosperous investment environment.

The second session started at one o'clock in the afternoon and lasted for two hours, and was moderated by Nawar Al-Saadi, Professor of International Economics and Director of the Research Center at Cihan University.

The second session began with a speech by Muhammad Al-Najjar, Advisor to the Iraqi Prime Minister for Investment, and Executive Director of the Iraq Fund for Development.

In his speech, Al-Najjar shed light on the “Iraq Fund for Development, which was newly established as an independent body reporting to the Prime Minister. Al-Najjar spoke about the Fund’s role in promoting change and diversifying the Iraqi economy. The Fund aims to attract local and international investors to participate in the implementation of various projects.”

One prominent example discussed by Al-Najjar is “the ongoing project to build 1,950 schools across Iraq. These projects will be delivered to private sector investors and the Iraqi investor exclusively, with guarantees such as the return of capital after five years. This approach does not encourage local investment.” "Not only does it ensure the effective participation of the private sector in the reconstruction process in Iraq."

The fund's strategy focuses on "different stages of investors, starting from local investors to foreign investors. It emphasizes the involvement of local stakeholders to enhance local ownership in development projects, with an emphasis on handing over projects to the private sector to guarantee a return on capital after a certain period."

Regarding the second speaker, Ahmed Al-Tabqajli, Chief Strategist at the Iraq Fund at the Asian Development Fund,

Al-Tabjali talked about “strategies for attracting investments to the Iraqi Stock Exchange. The market was characterized by strong performance, as the AFC Fund rose by 110.4% in 2023, making it one of the best funds in the world.” (ONLY BECAUSE OF THE MONETARY REFORM & BANKING RESTRUCTURE OF IRAQ -F26)

Al-Tabjali explained this performance “by the development of new procedures by the Central Bank of Iraq, which led to accelerating reliance on banking services and promoting growth in the non-oil economy. The market was also affected by the relative stability of the country, which created a more stable economic environment and attracted the interest of international investors.”

Al-Tabqajli also pointed to the market's role in supporting the development of an efficient economy by providing capital to companies, and believes that the development of the Iraqi Stock Exchange contributes to enhancing the gross domestic product and economic stability in the region.

Then, many interactive questions, discussions, and inputs were posed by the attendees, and in conclusion, the forum came out with a set of proposals and recommendations that will be submitted to the relevant authorities.  LINK