June 11, 2024 Edition Latest Mnt Goat Newsletter (2024)

Table of Contents
ABOUT THE NEWSLETTER: Proverbs 18:16 STATUS OF THE RV BRACE YOURSELF FOR WHAT’S COMING IN 2024 DR. (if you can call him that) Fauci CDC is going to get what is coming to him…. Biden is proposing two major tax increases: THE DEMOCRATS ARE GOING TO REPLACE BIDEN: BIDENS TURNROUND ON BOARDER IS NOT NEARLY ENOUGH…DON’T BE FOOLED! THE DAMAGE TO AMERICA BY JOE BIDEN Israel hostages rescued: 4 found alive by IDF in Gaza operation WATCH: Israeli Police Release Footage Of Dramatic Hostage Rescue Operation In Gaza EU vote results could mean policy shift on Ukraine, climate change. Could this finally a be a break from insanity back to sane politics? Political turmoil continues in France as possibility of far-right leader rises How to pray the Rosaries Pray the Daily Prayers To Save Our Country A National Prayer Movement for God’s Help PARLIAMENTARY SERVICES: THE GOVERNMENT HAS COMPLETED 65% OF ITS PROGRAM, AND THE NEXT STAGE WILL INCLUDE NEW PROJECTS SUDANESE: WE AIM TO CONVERT 40% OF IRAQ’S OIL EXPORTS TO DERIVATIVES AND REFINING PRODUCTS IRAQ BIDS FAREWELL TO THE LIST OF “HIGH-RISK COUNTRIES” RECONSTRUCTING IRAQ: THE ROLE OF BANKS IN FINANCING THE FUTURE INTERNATIONAL MONETARY FUND MISSION: WE EXPECT GROWTH IN THE IRAQI ECONOMY AL-SUDANI: THE GOVERNMENT HAS PROVIDED A SAFE INVESTMENT ENVIRONMENT AND FINANCIAL AND BANKING FACILITIES THAT ARE ATTRACTIVE TO EXPERIENCED COMPANIES THE MINISTERIAL COUNCIL FOR THE ECONOMY DECIDES TO SUPPORT THE INDEPENDENCE OF THE CENTRAL BANK IN FORMULATING MONETARY POLICY AFTER RETURNING IT FOR THE PURPOSE OF AUDITING…THE IRAQI FACTS ADDRESS PARLIAMENT TO SEND THE BUDGET SCHEDULES IN THE OFFICIAL GAZETTE POLITICIAN: AMERICAN FORCES WILL REMAIN IN THE MILITARY BASES, WITH ONLY THEIR DESCRIPTION CHANGING Their words not mine…..No Rumors, No Hype, No Opinions ,,,,, Just the FACTS! References
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June 11, 2024 Edition Latest Mnt Goat Newsletter (2)

ABOUT THE NEWSLETTER:

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June 11, 2024 Mnt Goat News Brief

Hi Everyone,

Again, there is not much new news, but it is exciting news.

GIVE A GIFT TO MNT GOAT

I decided to allow everyone to give a Free-will GIFT to Mnt Goat on PayPal if you so desire but only if you so desire and can afford it. Please don’t leave it up to someone else to help, you too can help. Here is the link below:

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Going on over 10 years now, I have taken my own time to research and document findings about the revaluation and reinstatement of the Iraqi dinar. At this time more than ever I do not need to be doing this. I do it out of charity and love with understanding that all of us do NOT have the time to go do our own research. We are busy with our jobs, our daily lives and raising our children. So, I try to help out. But remember I too am very busy in my daily life too. I am no different, yet I take the time out each day to complete the task of research and composing my newsletter for you. This Newsletter will not survive without your ongoing support. There are more than 20,000 followers and readers on my blog. Why do the same handful only help out? Do the rest not want or care about the news I bring?

I feel we have been in a critical period of the currency reform program since January of last year 2023. Now we are in a “vital” period.  Like a game of chess, we are now in a waiting mode for the Central Bank to make their next move and rollout the second-rate change in-country to just over a dollar, that we were told is coming. Since they told us they now control the parallel “black” market, and that negotiations were successful in lifting sanctions on many Iraqi banks.

If you have gifted already, as I can see many have recently…. a heart-felt Thank YOU! 

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Did you happen miss the last couple Newsletters? Click here to go to Mnt Goat Archives.

Proverbs 18:16

A gift opens the way and ushers the giver into the presence of the great.

More news….

DEPUTY: HIDDEN HANDS WORKING TO PREVENT THE RISE OF IRAQ

Baghdad – Iraq Today:

Independent MP Kazem al-Touki confirmed that there are hidden hands trying to prevent Iraq from rising, commenting on the incidents of targeting restaurants and a number of brands in Baghdad.

Al-Toki said in a press interview that “Iraq has allocated sovereign amounts to guarantee foreign funds for investors and signed a number of agreements with international countries in order to secure funds in order to advance the economy.”

“The development of the economy cannot take place without internal security, especially with regard to oil licensing rounds, as we have noticed the reluctance of a number of large international companies to enter into these rounds,” he said.

“We have great confidence in the government of Prime Minister Mohamed Shia al-Sudani and Interior Minister Abdul Amir al-Shammari in following up on the issue of attacks on restaurants and brands,” al-Touki said, noting that “there is a personal interference from them in this matter.”

He explained that “all countries of the world are witnessing this kind of acts, but the situation of Iraq is somewhat different because security issues affect its economy,” stressing that “there are hidden hands trying to prevent Iraq from rising.”

More news….

AN EXPERT ANALYZES THE CURRENT GAP IN THE DOLLAR EXCHANGE RATE

The economic expert, Nabil Al-Marsoumi, analyzed the reasons for the gap in the dollar exchange rate.

Regarding the dollar exchange rates, Al-Marsoumi said {to Al-Furat News} that: “With the release of budget funds and the increase in consumer and investment spending, the monetary supply at home increases, which is reflected in the increase in demand for imports.”

Al-Marsoumi added, “The dollar is under pressure, which leads to a widening of the gap between the official and parallel exchange rates.”

The prices of the US dollar rose against the Iraqi dinar, today, Sunday, in Baghdad markets, with the stock market closed. Sales in money exchange shops in local markets in Baghdad rose to 148,000 dinars, compared to 100 dollars, while purchases reached 146,000 dinars, compared to 100 dollars.

More news….

IRAQ’S FINANCIAL REVENUES EXCEED 42 TRILLION DINARS WITHIN 4 MONTHS

The Iraqi Ministry of Finance revealed, on Monday, that the volume of revenues in the federal budget during four months exceeded 42 trillion dinars, confirming that the oil contribution to the budget remains at about 89%.

(oil revenue down from 95% in last report…😊)

Shafaq News Agency followed the data and tables issued by the Ministry of Finance this month, for the accounts of the months of January, February, March, and April for the current fiscal year, which showed that oil is still the main resource for Iraq’s general budget, as it reached 89%, which indicates that the rentier economy is the basis of the country’s general budget.

The financial tables indicated that the total revenues in the aforementioned four months amounted to 42 trillion and 725 billion and 409 million and 202 thousand and 38 dinars, and that the total expenditures with advances amounted to three trillion and 678 billion and 245 million and 511 thousand dinars.

According to the financial tables, oil revenues amounted to 38 trillion, 3 billion, 728 million, and 183 thousand dinars, which constitute 89% of the general budget, while non-oil revenues amounted to four trillion, 698 billion, 785 million, and 9 thousand dinars.

For his part, economic expert Muhammad al-Hassani told Shafaq News Agency, “Oil prices are subject to global fluctuations,” stressing that “the Iraqi government must take advantage of the financial abundance in the budget by developing the economic and agricultural sectors to reduce dependence on oil.”

He added, “Corruption and bureaucracy overwhelm most aspects of government institutions and prevent any economic development taking place in Iraq,” warning against “not diversifying the Iraqi economy as quickly as possible, which will make the Iraqi state unable to even pay the salaries of its employees in the near future.”

The Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Salih, confirmed in March 2021 in an interview with Shafaq News Agency, that the reasons for the Iraqi economy remaining rentier are due to the wars and the imposition of the economic blockade on the country during the past era and the political conflicts we are witnessing today, which led to… dispersal of economic resources.

The Iraqi state’s continued reliance on oil as the sole source of the general budget is a source of danger in the global crises that occur from time to time as oil prices are affected by them, which makes the country tend every time to cover the deficit through borrowing from abroad or within, and thus indicates an inability to manage… Effectively using state funds, and the inability to find alternative financing solutions.

(IQD still at 1/6 of a penny…. Why?)

STATUS OF THE RV

I need to clarify some more bullsh*t from the king of bullsh*tters TNT Tony. So, he strikes once again in defying odds that he could get any worst. I want everyone to know with absolute 1000% TRUTH that there is no “backscreen” trading going on with the Iraqi dinar to “bring the rate up equivalent to $3.91” as he says we are watching for, before they pull the trigger on the RV. Folks these kind of statements are utterly stupid and anyone bring this kind of “intel” to you should be banned because this is irresponsible garbage. So, what is wrong with this statement made by TNT Tony Renfrow and his side kick Rayren? Let me explain.

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First of all, traders can’t trade the Iraqi dinar since OFAC sanctions are still on the currency and have not yet been lifted. It would be illegal and very risky to put any of the dinar in investment portfolios at this time. Any responsible financial manager would not do it. So, who are these investors he claims are driving the back rate up? Secondly, there is no back screen trading platform, so even if they did want to trade the dinar how would investors do it? How would they pay for the dinar? Who would track their shares of the currency? There would also have to be a vehicle in which to sell the dinar and pay proceeds or track losses that does not exist.

Next, if any private investor wanted to buy dinar for their personal investment portfolio in massive amounts, they could easily do it but from an internet broker for 1/6 of a penny and not for the $3.71 as Tony tells everyone the rate is now on the backscreens just waiting to reach the $3.91. Would you be buying the dinar for $3.71 now if believed it would go up and possible crazy for awhile on FOREX? Really now lets think, think, think….. 😊 How would any of these so-called backscreen investors make any money?

Finally, I need to add that the new Quantum Financial System (QFS) is now being tested and has been in test mode since 2012. It is now calculating the new rates of the worlds currencies, with intricate algorithms that go against a country’s assets and relationships to other currencies in the order of the pegging groups. As the years passes they have been slowly updating the system with more and more data as more currencies entered the QFS. This has been experimental up to now as they have played with the pegging groups and rearranged them with the goal of coming up with fair and honest rating of global currencies. I had the opportunity to look at the screens they use to set the pegs and enter assets. It is very complicated. So, knowing all this is this what the TNT jerk is talking about? Why can’t he ever get it right? It probably is the rate in the QFS he is talking about and not back screen trading. So, the rates he refers to are not being driven by trading but rather simply the algorithms the dinar is based on and the progress of the economy of Iraq. If you care to remember I told everyone months ago that my CBI contact told me the new peg for the IQD has been determined and the IMF is going to use five other currencies in the re-pegging of the IQD when they finally do reinstate it back to FOREX. This is FACT and not my opinion.

Could this be what the TNT jerk is talking about as they watch the rate rise based on other global currencies? We all know they want the rate just at about $4.00 mark. So, someone giving this jerk his intel does not know what the hell they are talking about. Funny thing is the TNT jerk knows all about the QFS but forgets what he learned from the past. I can remember him talking about the QFS and the beta testing they were doing a decade ago. I guess all that expensive brandy and those Cubano cigars has hit his brain too hard. Like I said so many times already, you can’t forget what you learned from the past as FACTS. You always have to go back to the FACTS to debunk this stupid nonsense rumors and garbage intel that these intel gurus tell you. It is not very hard to do either, if you have a solid and factual background of knowledge of which to go by, which I am proud to say I do. Remember also that this comes more naturally to me since this was my job while in the U.S. Army intelligence. I collected raw data, formulated assumptions, then worked to debunk it or prove it factual. My job was then to brief the higher command of the situational picture that was forming. On top of all this I was stationed inside Iraq and so I know how the language can be misinterpreted and confused from Arabic to English.

So, in summary I wish this TNT jerk would just open his eyes to the idiot giving him his daily doses of fiction. They are never correct and just play head games with him over and over again. How many times have we heard about a pending RV and yet here we sit decade later with nothing.

I know all you TNT pied-piper puppets all desperately want to deny the truth and go along with such nonsense and you enjoy the roller coaster ride from each of his conference calls. You idiots even pay for it, really? But again, I have to add where does all lying get you? Does it make the RV happens any faster? TNT Tony is a scammer and is taking advantage of your lack of investment knowledge. He claims, as all scammers do, to want to help you and gives you tidbits of information just enough to real you in like a fish caught in the hook. This is really sad as many of you investors are older people and don’t know any better. But you do now and that is one of the primary reasons why I am here with my blog.

What else is in the news?

The “real” news could not get any better than maybe getting the RV. So let’s run down what happened this past period.

Ministry of Justice spokesman, Ahmed Laibi, said today that the Iraqi Facts Department addressed the House of Representatives with an official letter in order to send the schedules of the Federal Financial Budget Law for the year 2024 in order to publish them in the Official Gazette. So why then so many lies that the schedules were to be published in the Gazette last Saturday when there we no chance even it could? Who told you this? Why are you waiting so diligently anyhow for the Gazette publication? Could it be that you still believe the new RV rate, the one you are looking for will be published at this time? All I can say is good luck with that!!! 😊 Like I said many times the RV rate WILL NOT EVER be published in the Gazette. You are dreaming if you think so.

Yet more sources of revenues for Iraq:

In Shafaq News we learned this past Sunday that Prime Minister Mohammed Shia Al-Sudani confirmed that his government aims to convert at least 40 percent of Iraq’s oil exports to derivatives and refinery products, thus yet more revenues from the maximization of Iraq’s resources from its oil wealth.

In the recent past we read articles about these Iraqi oil refineries coming online soon and so we are now here. Iraq will no longer have to spend it revenues on purchasing gasoline and diesel fuels from Iran. Yet another blow to the Iranian economy. Just so you know Iraq is going to do the same from the blow off gas from the wells. This is natural gas and plenty of it that is currently being wasted and just burned off. Iraq plans to fuel it power plants with the gas to supply 24/7 electricity. They will also need reliable energy sources to run the growing Iraqi industry.

The Iraqi Deposit Insurance Company:

All I can say about this Iraqi Deposit Insurance Company is that finally someone is leading this country of Iraq down the right path. The similarities of what happened in WW2 bombed out Europe to reconstruct it is playing out now in Iraq, finally! The Iraqi Deposit Insurance Company is playing an important role in enhancing the confidence of investors and depositors in the Iraqi banking system, which made it easier for banks to obtain the necessary financing for reconstruction. It is estimated that Iraqi banks have provided loans worth more than $10 billion to finance reconstruction projects in recent years. Remember that it takes money to reconstruct a country from a war. Where is all this money going to come from? Many of these intel gurus lie to you about the RV and they tell you all they need to do is just “pull the trigger on the RV” and all of Iraq’s problems go away. Well the article proves to you just as I have been saying this is not going to be the case nor was it ever the case. How stupid and ignorant of a thing to tell your listeners. These kind of statements just prove once again these so-called intel gurus have no clue what the hell they are talking about.

Germany’s experience after World War II is an inspiring example of how banks can play a crucial role in the country’s reconstruction

International Monetary Fund (IMF) mission in Iraq:

The IMF also poked its head up recently as the head of the International Monetary Fund mission in Iraq, Dr. Ghazi Shubaikat said there has been growth in the Iraqi economy in light of the reforms adopted by the government, at a time when he stressed that Iraq must work to achieve financial sustainability while having the elements to achieve this goal. His comments sounded all optimistic about the advancements so far in the economy. But just remember although the IMF is being positive on the outside, they would love to send in their economic hitmen to destroy the Iraqi economy so they have to resort to enormous IMF loans to help pay the deficit. But I do not believe at this stage they would get away with this as Al-Sundani is wise to their tactics. He has already said they plan to pay off the past IMF debt soon and do wish to resort to any more loans to cover the deficit. Folks this is all amazing, fantastic news.


IRAQ BIDS FAREWELL TO THE LIST OF “HIGH-RISK COUNTRIES”:
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Yes, “the writing is on the wall” now as this is the BEST news of this period of my Newsletter as observers and specialists in political affairs expressed their optimism about Iraq’s exit from the list of “high-risk countries” that was officially announced by the International Task Force (FATF) last week. I quote from the article – “noting that the international declaration represents an important step in the correct path that the Sudanese government is taking in achieving reforms. Financial and economic along with political stability.” Iraq’s exit from the list of high-risk countries could not get any better. They are slowly clearing the way to the reinstatement, one obstacle at a time. This is yet another stop on our choo choo train that needed to be released. They were not about to release the currency back to FOREX with this in place. Get it? So this is all WOW! WOW! WOW! news for us today.

What can we investors do to help the RV situation?

We must now buckle down and pray and pray like never before for the success of Al-Sudani and his agreements with Washington are implemented. You do want the RV don’t you? Pray for Iraq and also the U.S. in that there are strong enough representatives in Congress and the Senate who will stand up and continue to fight to uphold the US Constitution and keep fighting this Washington corruption. Pray that that God’s Hand will intervene and save our great country. Remember you can say the Rosary daily or use the prayers and links I provided from the Auxilium Christianorum for your prayers. Folks your prayers so far ARE WORKING and God has heard your cries. Just look at all the progress made just since December 2022 when Iraq announced they were finally entirely out of Chapter VII. And now the spigot is wide open the final issues preventing the reinstatement are being dealt with one by one. Can you see it too. I am trying my best to help you see it. We don’t’ need this foolishness of this everyday / any day garbage intel. You think this is all just coincidental? God’s Hand is at work here. He has given Iraq his anointed leader Al-Sundani to help in this work. Even I have to sit back in amazement of what he has accomplished so far. Pray for him and all his success. It is June already and this month is proving to be a very significant month again. But my contact in the CBI told me there is a very high probability that we would see the currency swap out in this month of June and so we watch and wait. I will get more news tomorrow when I make my call to Iraq.

Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,

Just the FACTS!

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BRACE YOURSELF FOR WHAT’S COMING IN 2024

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DR. (if you can call him that) Fauci CDC is going to get what is coming to him….

COVID vaccine blood clots. What’s going on here?

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Biden is proposing two major tax increases:

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THE DEMOCRATS ARE GOING TO REPLACE BIDEN:

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BIDENS TURNROUND ON BOARDER IS NOT NEARLY ENOUGH…DON’T BE FOOLED!

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THE DAMAGE TO AMERICA BY JOE BIDEN

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Israel hostages rescued: 4 found alive by IDF in Gaza operation

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WATCH: Israeli Police Release Footage Of Dramatic Hostage Rescue Operation In Gaza

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EU vote results could mean policy shift on Ukraine, climate change. Could this finally a be a break from insanity back to sane politics?

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Political turmoil continues in France as possibility of far-right leader rises

How to pray the Rosaries

Please try to remember to pray each and every day. The rosaries for me is my way to pray and has had a significant impact on my life. It has meant many miracles for me and my family. It can for you too, and the Blessed Immaculate Mary asks that we pray “faithfully” each day. You can also pick your own personal prayers, as the rosary is just my choice and I just wanted to share it with you.

We all know something has gone terribly wrong with our nation. A supernatural battle is taking place to determine the fate of America. In justtwelve minutes a dayyou help bring forth a divine intervention to save our country using this book. With Lent beginning tomorrow on Ash Wednesday let us not forget to fast, meditate and pray for the salvation of America. There is an organization that is taking on this endeavor through helpful prayer guidance. This is what I plan to do. How about you?

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Anyonecan join the hundreds of thousands already involved in this rapidly-growing prayer movement. It’s easy to get started:

Pray the Daily Prayers To Save Our Country

Order the official prayer book, read or listen online, or print them out. Just click on the prayer book below.

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A National Prayer Movement
for God’s Help

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PARLIAMENTARY SERVICES: THE GOVERNMENT HAS COMPLETED 65% OF ITS PROGRAM, AND THE NEXT STAGE WILL INCLUDE NEW PROJECTS

Baqir Al-Saadi, a member of the Parliamentary Services Committee, told Al-Furat News Agency that the Parliamentary Services Committee confirmed today, Saturday, that the current government has completed 65% of its service program, pointing out that the next stage will include the entry into force of new projects.

He added, “The next stage will include the entry into force of new projects from the 2004 and 2025 plans, and reconstruction will begin as soon as possible, in addition to allocating financial sums in the budget, which amounted to 2 trillion dinars, in addition to the amounts allocated from the Food Security Law, which reached the share of projects in the southern governorates.” 27 trillion dinars.

He stressed, “The current budget is large and specializes in the service aspect.”

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SUDANESE: WE AIM TO CONVERT 40% OF IRAQ’S OIL EXPORTS TO DERIVATIVES AND REFINING PRODUCTS

Shafaq News / Prime Minister Mohammed Shia Al-Sudani confirmed on Sunday that his government, which he heads aims to convert at least 40 percent of Iraq’s oil exports to derivatives and refinery products.

This came during his meeting today, the Chairman of the Board of Directors of Crescent Companies, Hamid Jaafar, and his accompanying delegation, according to what the Iraqi government announced in a statement.

The statement quoted the Sudanese as saying, “The government has provided a safe investment environment, and attractive financial and banking facilities for experienced companies, which opens prospects for continuous cooperation, which reflects positively on the local economy and creates jobs, and maximizes Iraq’s resources from its oil wealth, under the goal of converting at least 40% of Iraq’s oil exports to derivatives and refining products, as well as gas investment.”

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IRAQ BIDS FAREWELL TO THE LIST OF “HIGH-RISK COUNTRIES”

Observers and specialists in political affairs expressed their optimism about Iraq’s exit from the list of “high-risk countries” that was officially announced by the International Task Force (FATF) last week, noting that the international declaration represents an important step in the correct path that the Sudanese government is taking in achieving reforms. Financial and economic along with political stability.

Political affairs analyst, Qasim Balshan Al-Tamimi, told “Al-Sabah”: “Iraq’s exit from (the follow-up area) and from the list of (high-risk countries), according to the announcement of the International Task Force (FATF), is a very important step,” noting that “the announcement The International Bank came as a result of the reforms carried out by the Central Bank of Iraq, as well as the procedures and reforms of the Office of Combating Money Laundering and the Financing of Terrorism.”

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RECONSTRUCTING IRAQ: THE ROLE OF BANKS IN FINANCING THE FUTURE

Reconstructing Iraq after years of wars and conflicts represents a great challenge, but it also represents an opportunity to rebuild a strong and sustainable economy.

Banks play a crucial role in financing reconstruction, by providing the loans and credit facilities necessary to finance construction and infrastructure projects.

The Iraqi Deposit Insurance Company played an important role in enhancing the confidence of investors and depositors in the Iraqi banking system, which made it easier for banks to obtain the necessary financing for reconstruction. It is estimated that Iraqi banks have provided loans worth more than $10 billion to finance reconstruction projects in recent years.

Germany’s experience after World War II is an inspiring example of how banks can play a crucial role in the country’s reconstruction. The KfW German Development Bank has contributed to financing many vital projects in Germany, such as rebuilding industrial and residential infrastructure, and providing financing for small and medium-sized companies.

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INTERNATIONAL MONETARY FUND MISSION: WE EXPECT GROWTH IN THE IRAQI ECONOMY

The head of the International Monetary Fund mission in Iraq, Dr. Ghazi Shubaikat: There has been growth in the Iraqi economy in light of the reforms adopted by the government, at a time when he stressed that Iraq must work to achieve financial sustainability while having the elements to achieve this goal.

Al-Sabah met with the head of the mission and asked him the following questions:

*What does the Fund expect for the future of the Iraqi economy?


– The Fund expects growth in the Iraqi macroeconomy, in conjunction with the reforms adopted by the government with the aim of creating realistic solutions to all economic problems, and we sensed seriousness from the Iraqi government in the field of achieving economic reforms that strengthen the relationship with the Fund, and this encourages the strengthening of cooperation in a way that serves the Iraqi economy, which is suffering. Chronic problems.
*
*How does the Fund support the Iraqi economy and what is the source of support?

The International Monetary Fund supports Iraqi reforms that achieve financial sustainability, keeping Iraq away from any crises affecting the oil market, which Iraq relies on to cover its annual expenses, especially since a country like Iraq needs large revenues to cover the needs of all sectors, and this needs to create Real financial sustainability through reviving the productive and service sectors and bringing the capital cycle into a local context.

*What do you advise regarding reducing unemployment rates?

Iraq must focus on the labor market and create advantages in the private sector equivalent to what it obtains in the public sector, so that employment can be directed to the private sector, which must be activated within limits commensurate with Iraq’s economic capabilities.

*What does the Iraqi labor market need?

It is necessary to work on training and qualifying human resources in all specializations in light of the presence of human wealth that can be employed in a way that serves Iraq, with the need to create skilled labor in all sectors and in a way that is consistent with the government’s reform policy.

*In your opinion, where are the strengths in the economy?

The private sector represents an economic force that can overcome challenges and gradually advance the national economy. It addresses many problems, especially since Iraq can achieve a diversity of revenues from sectors, some of which are distinguished by achieving sustainable revenues.

*What about the financial sector?

Competitiveness in the financial sector can create a solid financial sector with advanced services and safe and transparent money paths that support the economy and the stages of development it seeks and works to achieve, and reaches the most important goalsof financial sustainability.

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AL-SUDANI: THE GOVERNMENT HAS PROVIDED A SAFE INVESTMENT ENVIRONMENT AND FINANCIAL AND BANKING FACILITIES THAT ARE ATTRACTIVE TO EXPERIENCED COMPANIES

Prime Minister Muhammad Shiaa Al-Sudani confirmed that the government has provided a safe investment environment, and financial and banking facilities that are attractive to experienced companies, which opens horizons for continuous cooperation, reflects positively on the local economy, creates job opportunities, and maximizes Iraq’s oil resources, in light of the goal of converting at least 40% of Iraq’s oil exports into derivatives and refining products, in addition to gas investment.

A statement from his media office said that today, Sunday, Prime Minister Muhammad Shiaa Al-Sudani, Chairman of the Board of Directors of Al Hilal Companies, Mr. Hamid Jaafar, and his accompanying delegation, indicating that the meeting witnessed a review of the progress of work in the projects undertaken by the company in Iraq, especially the company’s project within the fifth round of licensing. In addition to confirming the government’s vision to expand productive partnerships with companies and regional and international economic groups, in cooperation with the Iraqi private sector, within the government’s platform for economic reform.

For his part, Hamid Jaafar expressed his appreciation for the government’s steps in facilitating all aspects of fruitful work, and the Prime Minister’s directives to remove obstacles and impediments that hinder the work of investment companies, and to prepare everything that would raise levels of cooperation.

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THE MINISTERIAL COUNCIL FOR THE ECONOMY DECIDES TO SUPPORT THE INDEPENDENCE OF THE CENTRAL BANK IN FORMULATING MONETARY POLICY

Today, Monday, Deputy Prime Minister and Minister of Foreign Affairs, Fouad Hussein, chaired the seventeenth session of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Industry, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, and advisors. Prime Minister for Economic and Legal Affairs, and Chairman of the Securities Commission.

A statement by the Council, a copy of which {Al-Furat News} received, stated that it: “discussed the items on its agenda and took the necessary decisions regarding them. It also hosted the head of the Financial Supervision Bureau and his deputy, and the Director General of the Legal Department in the Bureau, to study and evaluate partnership contracts between the public and private sectors.” And a statement of the economic feasibility of its continuation or termination.”

He added, “Where the head of the Bureau reviewed those contracts that were divided between important contracts that benefit the state budget, and others that lacked economic feasibility, the Council decided to complete the discussions in the presence of representatives of the relevant ministries in order to resolve this important file.”

The Council continued, “It also decided to approve the recommendations of the committee formed to study the adoption of Iraqi, Gulf, or higher specifications when importing vehicles, in order to preserve the lives and safety of citizens and users of vehicles and roads, while determining the contribution of foreign capital to Iraqi banks was discussed.”

He added, “In line with the state’s general policy of supporting the Iraqi and foreign banking sector and foreign investments in Iraq, the Council decided to support the independence of the Central Bank of Iraq in formulating monetary policy in accordance with its applicable laws and instructions.”

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AFTER RETURNING IT FOR THE PURPOSE OF AUDITING…THE IRAQI FACTS ADDRESS PARLIAMENT TO SEND THE BUDGET SCHEDULES IN THE OFFICIAL GAZETTE

Ministry of Justice spokesman, Ahmed Laibi, said on Tuesday that the Iraqi Facts Department addressed the House of Representatives with an official letter in order to send the schedules of the Federal Financial Budget Law for the year 2024 in order to publish them in the Official Gazette.

Laibi explained in a statement to Shafaq News Agency, that there are communications between the Facts Department and the House of Representatives to complete the procedures and publish the budget tables in the Iraqi Facts newspaper.

Meanwhile, a parliamentary source told the agency that this measure comes after the Real Estate Department returned the budget law schedules to the House of Representatives for the purpose of scrutinizing some articles and paragraphs of the law, but the House was late in sending them again.

The source added that the Council must return the budget law schedules before the end of this week and the Eid al-Adha holiday to avoid further delays.

A little history of the matter:

At the beginning of last May, the Iraqi Council of Representatives voted on the budget schedules for the current year, 2024.

The budget included securing scholarships for university and school students, and increasing employee allocations by 4 trillion to secure the salaries of employees, new appointees, and retirees, and implementing the terms of contracts, appointments, and those whose contracts were terminated.

It also included allocating an amount of one trillion and 250 billion dinars to secure the increase in retirees’ salaries, and allocations for disbursing end-of-service rewards to civilian and military retirees.

As well as increasing social welfare allocations to include more than 650,000 new families, increasing the capital of the Real Estate Bank by 500 billion dinars to cover citizens’ lending requests for housing, and allocating an amount of 5 trillion dinars to secure farmers’ entitlements to purchase wheat and barley crops.

At the beginning of this June, a member of the Parliamentary Finance Committee, Jamal Cougar, revealed an important step towards approving Iraq’s budget for the current year.

Koger told Shafaq News Agency at the time that the House of Representatives voted on the budget law schedules and sent them in an official letter to the Ministry of Justice for the purpose of publishing them in the Iraqi newspaper Al-Waqe’i.

He stated that the budget schedules do not need to be approved by the Presidency of the Republic, given that Parliament voted last year on the three-year budget law.

He added that after publishing the budget tables in the Official Gazette, the Ministry of Finance and the Ministry of Planning will disburse operational and investment expenses, allocations and financial dues to ministries, institutions, bodies and government agencies, in addition to disbursing the governorates’ dues as specified in the budget tables.

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POLITICIAN: AMERICAN FORCES WILL REMAIN IN THE MILITARY BASES, WITH ONLY THEIR DESCRIPTION CHANGING

Political analyst Qasim Balshan said on Monday that American forces will not leave Iraqi territory and will remain in the camps while changing the capacity in which they are present inside Iraq.

Balshan told the Maalouma Agency, “There is no actual move to end the presence of American forces in military bases, and what will happen is to change the capacity in which these forces are present.”

He added, “The Sudanese visit to Washington did not involve an agreement with the American administration to withdraw its forces from Iraq, as there is no official request submitted by the Iraqi government to its American counterpart to withdraw its forces from military bases inside Iraq. “

He promised, “The talk about ending the American military presence will not be implemented on the ground, since the government did not approach the American administration in this regard.”

Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,

Just the FACTS!

Disclaimer: All information in this newsletter is not intended for investment decisions / purposes. Mnt Goat is not a financial analyst, planner, banker, attorney or associated in any role with giving out professional investment advice.

Auf Wiedersehen

Much love to ya all,

Mnt Goat

June 11, 2024 Edition Latest Mnt Goat Newsletter (2024)

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