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 Mountain Goat 12/11/17

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PostSubject: Mountain Goat 12/11/17   Mon Dec 11, 2017 11:31 am

December 11, 2017 Mnt Goat News Brief

Hi Everyone,

I bring you much news today.

Oh – another very long newsletter today. But stay with me. Folks I want to say the news could not possibly get any better than today’s news. I am glad you joined me.

Today we have three very important events to talk about. I will also add a forth upcoming event, that I think, you will be VERY happy with.

More news….

In my Dec 8th Special Edition of my newsletter I attached a currency RV timeline drawing for you. Did you read it? In the newsletter I wanted to give you a brief history of the recent Iraq dinar revaluation moves so you can visually see the progress and the events as they happened. These events, on the timeline, all pertain to the “project to delete the zeros”.

So, with this timeline, can we now review what may happen in Jan 2018 if all goes to plan?

Remember this is not my prediction but information from the many past articles from Iraq that I presented to you. I extracted it all and put the events on a timeline. With my experience in the intelligence corps of the US ARMY I was trained to take raw data and study it. I can then come to conclusions to pass on to the battlefield commanders. I do not make this stuff up or take it lightly. Battles and even wars would be lost if intel is not accurate and timely.

So, I take this training now and used it to help all of you in this RV saga. I don’t have to do this. I am very content knowing what is going on. But I have a heart too and this is why I get so upset when these idiots pass around these ridiculous rumors and bullshit. I can see through them and their shenanigans.

I am not making up this stuff. Get it? No “secret contacts” telling me this stuff. Get it? I am not lying to you and then telling you to pick and choose what you want to believe from a list of bullshit. I am simply outlining what everyone should already know, if you were paying close attention to the Iraqi news.

Many are hoping for a “triggered” RV in January and some even believe there will suddenly be a new rate of $3.00+ on FOREX thus this is how their perception it and expectations. But this is not the truth and you are being told this by people who know no more than you. So you are both wrong.

So again, let me set everyone straight and set an honest expectation here on how all this is going to work since no one else seems to know what the hell they are talking about.

Remember what I am about to tell you is now the current plan of the CBI and nothing but a plan. They have targeted January 2018 for a major rate change. Having said this, we know they also targeted Jan 2011, Jan 2013 and Jan 2015 and in all instances, it was postponed for some reason. We will not cover these reasons again today. Go read my history lesson on my Dec 8th special edition newsletter if you want the history lesson version.

Let’s summarize these events and then move forward into 2018.

So we know 2018 is right around the corner and once again we heard from all these so called “gurus” that “it could never make it to 2018”. Guess what? We are just 23 days until 2018 and there is no targeted RV prior to this time. On Saturday we have some incredible news. Is all this recent new really all lining up exactly what we would expect at this time for an EARLY 2018 RV? No!

We are still missing important pieces. One of these pieces is the re-education of the citizens in what they are about to do with currency reform. Don’t you think they should know? It has been 2 years (since 2015) already since they last told the citizens about their plan and how the new currency will be introduced. So without this sign we can postpone our thoughts again in this RV timeframe. But I am optimistic as I am told we will get it and to be patient. There is other work too still pending for Iraq to complete. I will talk about this work a little later. Let’s now look at what happened this past weekend.

EVENT #1:

So our FIRST event on Saturday Dec 8th was the announcement that Iraq “fully” exited out of Chapter VII for the oil and food program. I guess the word “fully” confused most people so let’s look at the FACTS today on this event. I will tell you now this does not release Iraq dinar’s ability to trade freely internationally. Iraq is still under currency restrictions.

A little History:

"A Security Council Resolution is considered to be 'a Chapter VII resolution' if it makes an explicit determination that the situation under consideration constitutes a threat to the peace, a breach of the peace, or an act of aggression, and/or explicitly or implicitly states that the Council is acting under Chapter VII in the adoption of some or all operative paragraphs.

Chapter VII resolutions are very rarely isolated measures. Often the first response to a crisis is a resolution demanding the crisis be ended. This is only later followed by an actual Chapter VII resolution detailing the measures required to secure compliance with the first resolution. Sometimes dozens of resolutions are passed in subsequent years to modify and extend the mandate of the first Chapter VII resolution as the situation evolves.

The list of Chapter VII interventions includes: (We can see 2 listed for Iraq with the oil for food programme and the Gulf War resolution 678)

• United Nations Security Council Resolution 82 (Korea)

• United Nations Security Council Resolution 1267 (Afghanistan)

• United Nations Transitional Administration in East Timor

• United Nations Mission in the Democratic Republic of Congo

• International Criminal Tribunal for Rwanda

• United Nations Mission in Sierra Leone

• United Nations Assistance Mission for Rwanda

• United Nations Angola Verification Mission II

• United Nations Operation in Somalia II

• United Nations Monitoring, Verification and Inspection Commission

• United Nations Protection Force (former Yugoslavia)

• Oil-for-Food Programme (Iraq)

• United Nations Stabilisation Mission in Haiti

• United Nations Security Council Resolution 678 (Gulf War)

• United Nations Security Council Resolution 1973 (Libya)

[Do you see any UN resolutions listed above that block Iraq’s ability to trade internationally with their currency? No! Why? Because there aren’t any.

These restrictions with the Iraq the dinar are not in fact under direct articles of Chapter VII Un Charter but compliance with Chapter VII resolutions do pave the way to cooperation and compliance measures along with the ongoing IMF consultation sessions with Iraq.

Please see link below for more details as the currency restrictions:

https://www.treasury.gov/…/sanctio…/Programs/pages/iraq.aspx

However having said all this the currency restrictions will not be lifted until the IMF deems Iraq fit resulting from the ongoing Article IV Consultation Reviews under the current Stand-By Arrangement.

Can this happen anytime? Yes – but there is still work to be done by Iraq. We can only study the results from the consultation sessions and watch for somewhere along the way they tell us Iraq is ready to exiting from trade restrictions. This will mean of course they are setting up to use their own currency for payment in trade. At some point this will happen.

Here are some pending issue:

• Article 140 a legally binding parliamentary law passed and implemented regulating the Oil and Gas (Hydrocarbon law HCL). Parliament just announced they plan to bring this to a vote soon. They could not get a quorum in their last session due to the budget issue with Kurdstan, so it was delayed;

• De-centralization of the government to local provinces along with administration and security measures;

• Election of 2018 is coming up soon. Will the IMF want to wait to see the outcome of the election? Or is it a forgone conclusion PM Abadi will get a second term? Will the Maliki goons shake up the country again to get another position of power?

• Does the CBI want to wait until all the payrolls are rolled over electronic banking as some provinces and ministries are not yet completed? Deadline announced is the end of 2017.

This is not by any means meant to be a comprehensive checklist of items, just some items of higher priority. Now that ISIS is taken care of will they begin to address these issues in the news again?

We do know for a FACT that in 2012 even under the Nori al-Maliki regime the IMF approved Iraq to go forward with currency reform. Then currency notes had security issues (contract for new polymer notes) and corruption and counterfeiting. Then ISIS came along in 2014, oil prices dropped and the entire picture changed. Economic bombshell after bombshell hit Iraq.

So now Iraq is moving in the right direction again and after the announcements this past weekend I believe that Iraq is actually in a much better situation than even in 2012. But one item that does still concern me is the level of the CBI currency reserves. It is way much lower that in 2012-2013 and a recent IMF warning have been issued on this depletion. Remember in 2102 Dr. Shabibi has increased the reserves to nearly 90 billion. Today they are at much less than half that amount. From what I am reading the IMF expects more funds in the reserves to cover any currency reform movement.

OIL-FOR-FOOD PROGRAM

On 14 April 1995, acting under Chapter VII of the United Nations Charter, the Security Council adopted resolution 986, establishing the "oil-for-food" program, providing Iraq with another opportunity to sell oil to finance the purchase of humanitarian goods, and various mandated United Nations activities concerning Iraq. The program, as established by the Security Council, is intended to be a "temporary measure to provide for the humanitarian needs of the Iraqi people, until the fulfillment by Iraq of the relevant Security Council resolutions, including notably resolution 687 (1991) of 3 April 1991".

What is this program? (see link below. It explains it in much more detail)

NO Rumors, NO Hype, NO Opinons….just the FACTS!

http://www.un.org/Depts/oip/background/

So what part of Chapter VII was Iraq released from on Dec 8th?

Let’s go directly to the source, the UN published news releases.

NO Rumors, NO Hype, NO Opinions….just the FACTS!

Recognizing that major changes had occurred in Iraq since its 1990 invasion of Kuwait, the Security Council today on Dec 8th returned control of mineral exports to that country’s Government, ended the oil-for-food programme and also lifted restrictions on programmes for the development of nuclear energy.

The Security Council concluded today that all the measures imposed in its resolutions 1958 (2010) and 2335 (2016) pursuant to Chapter VII of the Charter of the United Nations in relation to the Iraq oil-for-food programme had been fully implemented.

Unanimously adopting resolution 2390 (2017), the Council welcomed the fact that the remaining funds in the escrow accounts established pursuant to resolution 1958 (2010) had been transferred to the Government of Iraq pursuant to resolution 2335 (2016).

The Council acknowledged the Secretary-General’s final report on the matter (document S/2017/820), which stated, among other things, that the remaining $14,283,565 (that’s million not billion) in the administrative escrow account had been transferred to Iraq. So this remaining fund is not billions and billions as many of these so-called intel “gurus” are telling you. Why don’t they do their homework?

In its statement on Dec 8th, the Council welcomed the progress made by the Governments of Iraq and Kuwait towards the resolution of outstanding issues between them, and encouraged further cooperation. It also called on Iraq to quickly fulfil its remaining obligations under the relevant Chapter VII resolutions. So there are still more obligations under Chapter VII to fulfill. It is not yet all over.

In a statement read out by Vice-President Joseph Biden of the United States, whose country holds the Council Presidency in December, members welcomed Iraq’s “important progress” in regaining the international standing it had enjoyed prior to 1990. “The Security Council welcomes the positive developments in Iraq and recognizes that the situation now existing in Iraq is significantly different from that which existed at the time of the adoption of resolution 661 (1990),” the statement said, referring to the Council decision that had paved the way for the imposition of multiple sanctions on the country.

http://www.un.org/press/en/2010/sc10118.doc.htm

Many of these so called intel “gurus” once again want to twist this news. They believe that Iraq is fully released from all of Chapter VII. The truth is this recent announcement covered ONLY the Oil-for-Food portion of the UN Ch 7 sanctions. You have it in black and white from the UN press conference.

I quote from the article: “All Measures Imposed under Iraq Oil-for-Food Programme Implemented in Full, Security Council Concludes, Unanimously Adopting Resolution 2390 (2017)”. Can anyone read? It specifically if for only the oil-for-food program.

So now there seems to be an extraordinary amount of jumping from first base to home plate without first rounding the bases. So let’s not make any assumptions and look only at the facts and then wait for the CBI’s next move. Please don’t add to the “intel hysteria” going on right now. Relax.

Having said all this, I am warning everyone these intel charlatans are going to use this information and take advantage of it to hype you all up on. So relax. Relax, relax, relax!

Event #2:

The Second event we witnessed this past week was the long awaited “official” announcement on Dec 9th of the end of ISIS fighting and the end of ISIS in the total of Iraq. Wow! We have been waiting so long for this. Do you realize it has been nearly 2.5 years already? We know from the CBI telling use dozens of times in articles that they postponed the project to delete the zeros due to SECURITY reasons. So now the security part is taken care of. What does this mean? It means the CBI and GOI will not no longer hold back the RV due to SECURITY reasons. Wow! See more detail in articles below.

Event #3:

The THIRD event were comments made by Naji Sabri Ahmad Al-Hadithi during an interview over the weekend. Al-Hadithi served as the Iraqi Foreign Minister under Saddam Hussein in the lead-up to the 2003 invasion of Iraq.

Al-Hadithi said that Iraq’s sovereignty has been fully realized and that Iraq has a real opportunity to advance and regain its status after it has returned its confidence to the international community.

Event #4:

The Forth event has not yet occurred and we watch and wait for it. If you read my Dec 6th newsletter you will see a list of accomplishments by the CBI and the GOI pertaining to the economic and banking reforms of Iraq. This is words not mine.

So what will be the next move by the CBI?

Will they moved the program rate to 1000 dinars : 1 USD. How can they do this? This is a big, bold move of almost 17% change increase in program rate. But remember we all know the program rate right now is hovering around 1165-1200 and this is NOT the true value of the Iraqi dinar with all the reforms they are implementing. I am told this move must come first prior to the 1:1 change. There is no good way for me to fully explain why they must do this first other what I have been told. This is an inflationary measure prior to re-instatement.

Look at it this way – 1000:1 next then later 1000:1 is deleting the zeros to 1:1.

So let’s tie this together with other recent events on my timeline.

We already know all the progress of getting the three zero notes out of circulation. So what currency will the citizens then have to use? Could this be why they only tendered contract to reprint the 1,000 and 500 notes and then recently (over the last year) distributed these to the banks probably in exchange for the 5k, 10k, 25k, 50k notes the banks had received from the venders at the currency auction windows. Kind of like a trade or “exchange” but don’t get confused in this case when I use the word exchange. I literally mean to swamp some notes for the same valued notes.

So, this is how the banks obtained the category notes needed during this 1000:1 rate phase of the project to delete the zeros. Can everyone see why they would need only these sized notes and not the larger 3 zero notes?

They are reducing the three zeros gradually as they raise the rate. Just as I have told you that the CBI will change the rate and we may not yet see it on FOREX and so can’t do anything with our dinar yet.

This step to 1000:1 will not last long and then they will move to 1:1. Some say this has already occurred? I am now trying to confirm it. I might be off by a couple weeks on my timeline. Still it will not yet move to FOREX and sit for a few weeks at least for adjustments for inflation and economic reactions inside Iraq first.

But what happens when we get to EARLY 2018?

Then the next move is to FOREX and a float. Coinciding they then de-peg from solo USD peg (can now do this since they are out of Chapter VII) and go to peg to an SDR basket (5 major currencies the IMF has already told us about) and place on a float.

More news…

Euphrates -

Al-Furat news that Iraq will be declared 'free of dashing' on Sunday Dec 9th during a major military parade in the arena of celebrations after the liberation of all land.

More news….

BAGHDAD (Reuters) - Iraq will reduce its reliance on oil revenues to 15 percent of the budget after 30 years from now, the central bank governor said on Saturday, adding that reliance on one supplier of budget revenues would be subject to constant volatility.

Al-Alak said in a speech during the third annual conference of the Bank under the slogan 'the role of the Central Bank in achieving financial and economic stability', and attended by Alsumaria News, 'there are real indicators for the achievement of alternatives other than oil will be relied upon'.

"We will reduce dependence on oil revenues gradually and we will reduce this gap by 2.5% per year and for 30 years, so that the dependence on oil revenues by not more than 15% after 30 years.

He added that 'Iraq will witness the largest investment during the coming period, but that is coupled with the provision of the appropriate investment environment,' noting that 'reliance on one resource for budget revenues will be subject to constant fluctuations and this is what Iraq will seek to achieve by reducing reliance on oil as a single resource for the budget' .

The Prime Minister Haider Abadi, said earlier, that Iraq is currently establishing to strengthen the economy and the LACK OF TOTAL DEPENDENCE ON OIL, considering that the country is on the right track in this area.

*************************************************************

Formal Articles are below. Due to FACEBOOK limitations they do not print my RED colored fonts or italics, so my comments are in brackets ( ) throughout the articles. I will preface my comments with “mnt Goat” so you know I am jumping in with observations. Also, I separated the articles with asterisks.

*************************************************************

Articles Begin

ABADI OFFICE: THIS IS WHAT WILL HAPPEN AFTER THE REMOVAL OF IRAQ FROM CHAPTER VII

Abadi office – This is what will happen after the removal of Iraq from Chapter VIIA spokesman for Prime Minister Saad al-Hadithi’s press office said on Saturday that the Security Council’s decision to remove Iraq from Chapter VII was an important event in the history of Iraq, which coincided with the declaration of salvation from calling for the liberation of all Iraqi territories.

Al-Hadithi said that “today was announced salvation from calling for the liberation of all Iraqi territory and secure the border with Syria. This event coincided with the UN Security Council resolution and the announcement of Iraq’s exit from the seventh item.

(Mnt Goat – What many have missed is that the Security Council Sanctions Committee Concerning Iraq already removed Seven Entities from Its Sanctions List. These sanctions dealt with oil and gas exploration, development, research, refining, selling, distribution and training. Did everyone miss this?

Here is the report:

“On 16 December 2016, the Security Council Committee established pursuant to resolution 1518 (2003) approved the removal of the entries specified below from its List of Individuals and Entities subject to the assets freeze set out by paragraph 23 of Security Council resolution 1483 (2003) adopted under Chapter VII of the Charter of the United Nations.”

See link below:

https://www.un.org/press/en/2016/sc12635.doc.htm )

“We can say that IRAQ’S SOVEREIGNTY HAS BEEN FULLY REALIZED and that IRAQ HAS A REAL OPPORTUNITY TO ADVANCE AND REGAIN ITS STATUS AFTER IT HAS RETURNED ITS CONFIDENCE TO THE INTERNATIONAL COMMUNITY,” he said.

(Mnt Goat – Okay folks if this last statement [above] does not rock you, I don’t know what will. These are almost the exact words used in a past statement made by the PM Abadi and Saleh when they said they wanted Iraq to return to the international stage and regain their former glory of their currency. Am I missing something? Folks this is WOW! news.

I also want to remind everyone too that I challenged these erroneous statements being said around the dinar community about Iraq being “ a sovereign nation” in the past. Remember or did everyone forget already? I said this many times and wanted to stop all this past hysteria from June of 2013. Even back then I told everyone that Chapter VII sanctions still remained and there would be no RV until they are “fully” a sovereign nation. All these idiots telling you this every day / any day RV stuff. Rediculous.

Now the UN Security Council themselves are telling us in this article this is the case so we must now believe it and listen to it. IRAQ IS NOW A FULLY SOVEREIGN NATION. There I said it now too…lol…lol… Mnt Goat was right again and YES I will beat my breast for righteousness…lol..lol..I am tired of being kicked around. So when I am right I will scream it. But I was screaming about all this stuff in the past but no one wanted to listen over the shouting and hysteria of all these other idiotic “gurus”. Yes I get kicked off intel sites for wanting to tell the truth and these mindless idiots feel compelled to argue with me. Who the hell are they anyhow and where is there experience? i.e. PTR and TNT idiots. But I tried and that is all I can do. Like I said then- the TRUTH will all shake out in the long run and we will know who was jerking your chain….lol…lol…Now we know who had been telling the truth all along.)

He pointed out that “the removal of Iraq from the seventh item means the guarantee and protection of Iraqi assets and funds and deposits and property assets and banks abroad and inside and became safe from prosecution because of lawsuits against the background of the 1991 war in Kuwait and ensure their return to Iraq and not freeze.

He added that “the decision also entails the RETURN OF CONFIDENCE BETWEEN IRAQ AND THE INTERNATIONAL COMMUNITY, which began to escalate and open doors to major international companies to invest in Iraq,” pointing out that “new horizons opened to Iraq in terms of foreign relations, especially as Iraq has become the focus of admiration of the international community after its ability to confront and eliminate terrorism, and that the opportunity has become favorable to achieve economic renaissance in Iraq. ”

(Mnt Goat – Okay everyone can you now see the connection as to why the SECURITY breach with terrorism has to be accomplished first and why they are now celebrating so much? Can you also see why NOW the UN took them “fully” out of Chapter VII? Its all adding up folks)

The Foreign Ministry announced earlier on Saturday that the Security Council issued its decision to exit Iraq from Chapter VII in the oil-for-food program.

*************************************************************

THIRD ANNUAL CONFERENCE OF THE CENTRAL BANK OF IRAQ

SLOGAN: "TOWARDS ACHIEVING SUSTAINABLE FINANCIAL AND ECONOMIC STABILITY"

The third annual conference of the Central Bank of Iraq was held in Baghdad under the slogan "Towards achieving sustainable financial and economic stability" and with the distinguished presence of Governors, Ambassadors, representatives of the Union of Arab Banks, Arab experts and officials from the Secretariat of the Council of Ministers. The conference discussed four specialized and specialized sessions, focusing on the role of the CENTRAL BANK IN ACHIEVING FINANCIAL AND ECONOMIC STABILITY THROUGH THE REAL SECTOR AND MONETARY POLICY IN IRAQ AND FACING THE DOUBLE SHOCK OF SECURITY AND ECONOMY.

To formulate structural and structural policies and procedures to achieve the strategic objectives of the Central Bank (2016-2020) in achieving financial coverage and developing means and means of investment in human capital and access to financial merit of Iraqi banks.

That characterized this conference on all previous economic and financial conferences that it is taking place in an important transitional stage going through Iraq after the achievement of decisive victory and final on terrorism Daheshi At the same time began the features of the initial financial victory achieved by the Central Bank at the level of building regulatory and structural frameworks of financial and economic stability Iraq and the transition policies and procedures for the applications of monetary policy from the twentieth century to the twenty-first century and the transition from the classification of the gray area to the follow-up area and the road is open to move to the advanced area Other next year.

. The conference also highlighted the frankness, transparency and disclosure provided by the Central Bank to international financial organizations and Arab experts. The policy of the Central Bank at all levels is the only solution to respond to criticisms and observations and is viewed in a spirit of national concern to serve our national economy.

Is the communication and interaction between experts in economics and finance and professors of universities and specialists and the economic media from the ready and between the departments of the central bank quality and competent partnership to achieve the central goal, which concerns us all and Hwan All efforts shall be coordinated by a government, private sector, experts, and a competent, neutral and national economic media to achieve (the economy in the service of society).

************************************************************

SALEH, THERE ARE SIGNIFICANT QUESTION MARKS ON THE MECHANISMS OF FOREIGN CURRENCY CONVERSION TO IRAQ

(Baghdad: Al-Furat News) The economic adviser to the Prime Minister of the appearance of Mohammed Saleh, there are significant question marks on the mechanisms of foreign currency conversion to Iraq.

Saleh said to the {Euphrates News} today, "TO FINANCE IMPORTS MUST BE A CONVERSION IN FOREIGN CURRENCY," noting that "THERE IS A QUESTION MARK ON THE CURRENCY SIGN CAUSED BY CONFUSION BETWEEN THE IMPLEMENTATION OF MONETARY POLICY OF THE CENTRAL BANK to control the levels of liquidity and at the same time trade finance, to create this ambiguity.

(Mnt Goat – sounds like Saleh is saying that Iraq needs to trade in dinars and not have to go through this currency conversion until the money reaches its source. In other words, if you want to trade with Iraq take the dinars in payment from Iraq and then go to YOUR country’s bank and convert the dinars to YOUR own currency. i.e. dinars to euro)

" He added that "THE CENTRAL BANK HAS A PROJECT TO REBUILD THE INSTITUTION TO FINANCE THE FOREIGN TRADE OF THE PRIVATE SECTOR by opening credits to establish what is called Cdbank, which is a collective bank in which all Iraqi banks (Al-Ahli and the government) is a bank to finance foreign trade."

He pointed out that "obtaining a currency under the pretext of financing trade causes monopoly," pointing out that "there is an alternative to this by rebuilding new standards to finance the private sector BY ESTABLISHING A LARGE BANK TO FINANCE THIS SECTOR."

(Mnt Goat – my point is with Saleh’s suggestion of this new collective bank - HOW CAN THEY DO THIS WITH THE CURRENT MONETARY POLICY OF HAVING TO CONVERT DINARS TO DOLLARS FIRST AND THEY PAY? The answer is they can’t and won’t!)

"If the Iraqi government finances its trade through documentary credits, why not finance the private sector in the same way," he said, pointing out that "the argument of not funding is that there are no possibilities to download documentary credits as a more transparent tool in trade finance.

There are not a number of international correspondents cooperating with Iraq to create or open these credits, because of the long isolation of the sector of the Iraqi bank. "

*************************************************************

CENTRAL BANK OF IRAQ PRESENTED ITS FINANCIAL AND ECONOMIC VISIONS AND ACHIEVEMENTS LEFT WITH JOYFUL IMPRESSION

Zaid Al-Halli

The Central Bank of Iraq presented its financial and economic visions and achievements, supported by figures in front of a group of experts and specialists in economic affairs at an expanded conference which was opened by the Babylon Hotel yesterday, the annual conference.

IT WAS RECORDED A JOYFUL IMPRESSION, IN FRONT OF THE VOLUME OF TASKS ACCOMPLISHED BY THE CENTRAL BANK AND ITS VARIOUS CADRES in a circumstance is the most difficult in the history of Iraq. It was a conference frankly and unmistakably distinguished.

The conference discussed the role of the Central Bank of Iraq in achieving financial and economic stability, among the pillars of the sustainability of public debt and financial stability in Iraq and financial coverage and banking performance, as well as the financial merit of the banking sector in Iraq and mechanisms to stimulate the real sector through macroeconomic policies in Iraq.

Several goals, the Bank seeks to achieve this through the discussions of the conference, including:

1) strengthening the relationship between the tools of monetary policy and macroeconomic variables and

2) strengthening the role of the financial sector as a channel of transmission of the effects of monetary policy, and

3) create an interactive meeting between officials of monetary policy, academics and

4) in order to DETERMINE THE MECHANISMS THAT MONETARY POLICY CAN ADOPT IN THE APPLICATION OF ITS OBJECTIVES AND BENEFIT from research expertise and its interrelationship with the practical aspect to achieve the strategic objectives of the Central Bank of Iraq.

(Mnt Goat – they are “buttering”everyone up to accepting the future policies of the CBI. One of which we know is monetary reform (includes getting back their real currency true value. Remember the article I presented a month ago? It talked about how neighboring countries namely Iran,, Kuwait and Saudi Arabia want to conduct trade in their own currencies. How can Iraq do this when they have these currency auctions which mandate the conversion of dinar IQD to USD for payment. Oh -wait one second…we now know technically this is no longer mandated since Iraq is now “fully” out of Un Chapter VII sanctions. It is just a matter of a short while before Iraq makes this long awaited change over.)

As one sees, these goals are considered a summit in the economic and financial understanding of a country facing many challenges trying to compromise its economies and resources .

And through the transparency that accompanied the work of the conference on its first day, I wished this event to be a context for the ministries and other bodies. It is important that the efforts of everyone from all social activities, opinion leaders and concerned institutions, and opinion leaders from specialists, In accordance with the principles and foundations of solid, the convergence of visions, and to make observations, and discuss the reality of living with an objective vision, is the key to building the nation, as well as the discussion by the competent authorities, leads to a space of hope in progress, in various directions, and remains the experience of the Central Bank of Iraq in the convening of a general conference, Estimate, for it Affirms a noble and pure human relationship, constructive and rich in feelings between the specialists and the citizens .. The central bank is the safety valve for the family and society.

The Bank, through its well-known functions, has realized that working with the soundness of the needy is a necessary necessity, but it also senses the importance of comprehensive openness, views, taking advantage of them into account, working within the team's mindset and innovation without being arrogant. Of critical creative thinking leads to more solid successes. The biggest challenge for Iraq now, as the central bank sees, after the elimination of gangs, is the ability to establish a new economic and financial concept of civilization, rephrasing previous concepts.

The future sought by the conference needs renewed energies and great efforts, and most importantly, changes in the mindset and concepts, especially with regard to the concept of responsibility and public work. Money and economy are not incompatible.

WILL THE REST OF THE MINISTRIES AND DEPARTMENTS SEEK TO LAY OUT THEIR PERCEPTIONS AND PROGRAMS IN FRONT OF SPECIALISTS AND THE PUBLIC OF CITIZENS AND THE MEDIA, AS DID THE CENTRAL BANK OF IRAQ? The media which can be the most dangerous or the most beneficial institution in the state.

*************************************************************

THE IMPORTANCE OF THE LEADERSHIP ROLE OF THE CENTRAL BANK OF IRAQ IN SUPPORT OF KURDISTAN

The Central Bank Governor Ali Al-Alak on Thursday stressed the Bank’s interest in developing and expanding its work in the Kurdistan Region.

The media office of the President of the Republic Fuad Masoum said in a statement to the twilight News that the infallible received at the Peace Palace in Baghdad today, the Governor of the Central Bank Ali Alalak, where they discussed the current monetary and financial situation and the need to modernize the mechanisms and specialties of banking in Iraq, taking advantage of the latest global technical data.

He stressed Masoum on “the importance of the leadership role of the Central Bank of Iraq in support of partnership with foreign banks approved and facilitate transactions with local and foreign monetary institutions and strengthen its work within the country according to the law, so as to accelerate the construction of an integrated economic system and strong.”

“The importance of strengthening and expanding the activity and work of the Central Bank branch in the Kurdistan Region, in order to strengthen the bonds of financial dealings with the official financial institutions in the region and facilitate the procedures and transactions of companies and citizens in the region, and strive to unify the Iraqi banking system throughout the country to promote economic reality “He said.

For his part, stressed the importance of “the central bank to develop its work at the national and external levels,” stressing “special interest in strengthening the work of the bank in the Kurdistan region and seek to resolve all the problems and obstacles facing companies operating in the region.”

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UNIFY THE IRAQI BANKING SYSTEM IN ALL PARTS OF THE COUNTRY

The President of the Republic Fuad Masoum stressed on Thursday the importance of expanding the activity and work of the Central Bank branch in the Kurdistan region and strive hard to unify the Iraqi banking system in all parts of the country in order to promote the economic reality in his meeting with the Governor of the Central Bank Ali Alalak.

The President's Office said in a statement received by "Al-Ghad Press" a copy of it, that "he received President Fuad Masum at the Peace Palace in Baghdad on Thursday, the governor of the Central Bank Ali Alalak."

He added that "during the meeting discussed the current monetary and financial situation and the need to modernize the mechanisms and specialties of banking in Iraq, taking advantage of the latest global technical data."

"The importance of the leadership role of the Central Bank of Iraq in supporting partnership with foreign banks approved and facilitate transactions with local and foreign monetary institutions and strengthen its work within the country according to the law and to serve to accelerate the construction of a comprehensive and strong economic system."

He stressed the importance of strengthening and expanding the activity and work of the Central Bank branch in the Kurdistan region to ensure the consolidation of financial relations with the official financial institutions in the region and facilitate the procedures and transactions of companies and citizens in the region and strive to unify the Iraqi banking system throughout the country to promote economic reality.

For his part, stressed the importance of the Central Bank to develop its work at the national and foreign levels, stressing the "special interest in strengthening the work of the bank in the Kurdistan region and seek to resolve all the problems and obstacles facing companies operating in the region."

He expressed his thanks and appreciation for the interest shown by the President of the Republic to the Central Bank in this sensitive circumstance, praising the directives of His Excellency in this regard.

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UPDATE ON FIGHTING ISIS

Baghdad: Al Furat News) The Minister of Justice, Haider Zamili, said THAT TERRORISM IN IRAQ HAS ENDED.

“THE NEXT DAYS WILL ANNOUNCE THE STAGE OF BUILDING THE COUNTRY,” al-Zamili said during a reception at his official office on Thursday, the Armenian ambassador to Iraq, Karen Krikorian, praising the support of friendly countries for our security forces in its war against gangs Terrorist and achieve the final victory.

The two sides discussed “the latest developments on the level of common relations and the current situation.”

In turn, the Armenian ambassador to Iraq expressed the readiness of the Armenian government to provide various kinds of cooperation with Iraq in all fields.

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IRAQ’S NEW MONETARY POLICY IS VITAL TO A VIBRANT ECONOMIC LIFE

MONETARY POLICY HAS BEEN AND CONTINUES TO BE A VITAL ISSUE IN THE COUNTRY'S ECONOMIC LIFE. It is a reflection of the general performance of the state and its seriousness in avoiding difficulties and emerging dilemmas, and make them consistent with the goals set.

(Mnt Goat – what the hell do you think they are talking about in this first sentence of this first article? Could they mean getting the “project to delete the zeros to the next phase once again?)

Before 2003, all the monetary apparatuses were in the grip of the government and were never independent, and their performance was overstated so that monetary policy was an extension of the government's own self-sufficiency. Hence the need for radical reform of the Central Bank, and the new law, which affirmed its independence and established its primary role in protecting the country's resources, was issued.

Mnt Goat – if you read my Special Edition from Dec 8th on the “History of the Iraqi Dinar”, you will see how nicely this last paragraph fits into the past history, as explained.)

The task now is to confront money laundering and attempts to finance terrorism, which are at the forefront of the challenges facing the Central Bank of Iraq. It is also essential TO ENSURE THE SAFETY OF MONETARY OPERATIONS THROUGH THE SALE OF CURRENCY is essential in the performance of the bank and the establishment of principles and rules of dealing in the project in a proper atmosphere of control and supervision.

(Mnt Goat – heck, of the CBI can’t control money laundering and financial terrorism now with a rate of an 8th of a penny to a dinar, what will they do when its $3.00+ rate? Get my point now as to why they must first control this corruption? The question is now – Have they gotten it under control already to the point they need to turn the new monetary policy on? Is this article just outlining the hazards past and possible for the future, if they don’t keep it under control?)

The preservation of the independence of the bank and enable it to perform its mission without interference and corruption and make it an effective institution and guarantor of the interests of society as a whole is a basic requirement.

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IRAQ SIGNS AN AGREEMENT WITH THE EUROPEAN UNION TO FINANCE THE GOVERNMENT’S EFFORTS TO RECONSTRUCT THE AREAS

BAGHDAD (Reuters) – Iraq will sign an agreement on Wednesday to fund reconstruction efforts by the Iraqi government, financed by the European Union, the Ministry of Planning announced on Tuesday.

“The signing ceremony will take place at the headquarters of the Ministry of Planning at 9 am on Wednesday,” the ministry’s spokesman Abdul Zahra al-Hindawi said in a statement received by Iraq News.

He added that he “will sign the Iraqi side of the Minister of Planning Salman Jumaili and the European Union Ambassador of the Union in Iraq and will be followed by the signing of a press conference to explain the details of the agreement and the amounts and projects funded”.

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ABADI AND RUSSIAN MINISTER DISCUSS EXPANDING THE PARTICIPATION OF RUSSIAN COMPANIES IN RECONSTRUCTION AND INVESTMENT PROJECTS

Alsumaria News / Baghdad Prime Minister Haider al-Abadi and Russian Energy Minister Alexander Novak on Tuesday discussed bilateral relations between Baghdad and Moscow in five areas and ways to expand the participation of Russian companies in reconstruction and investment projects.

“The Prime Minister Haider al-Abadi received today, Russian Energy Minister Alexander Novak,” said Abbadi’s office in a statement received by Alsumaria News. “During the meeting, they discussed the development of bilateral relations between the two countries in the fields of energy, economy, trade, oil and electricity, Expanding the participation of Russian companies in reconstruction and investment projects. ”

“Novak congratulated the Iraqi victories on the terrorist gangs and stressed the position of his country supporting Iraq in various fields.”

Iraq is seeking to strengthen its relations with the countries of the world and specifically its regional environment, especially during its battle against the organization “Daash”. Abadi stressed on more than one occasion Iraq’s keenness to build good neighborly relations with the surrounding countries.

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SECURITY COUNCIL ISSUED A DECISION FOR IRAQ TO LEAVE FROM CHAPTER VII

(Mnt Goat – WOW! WOW! Could the news get any better than this? But remember this is only for the food for oil program.)

(Baghdad: Al Furat News) The Foreign Ministry announced that the Security Council issued a decision to leave Iraq from Chapter VII.

"After the series of diplomatic successes achieved by the Iraqi Foreign Ministry has culminated in the issuance of a resolution of the Security Council to exit Iraq from Chapter VII in the oil-for-food program after the Foreign Ministry Spokesman Ahmad Mahjoub said in a press statement Complete all obligations of the program ".

"In continuation of the efforts of the Ministry of Foreign Affairs of the Republic of Iraq to END THE FILES OF IRAQ IN THE SECURITY COUNCIL INHERITED FROM THE ERA OF THE FORMER REGIME AND ISSUED UNDER CHAPTER VII OF THE CHARTER OF THE UNITED NATIONS, this ministry worked through our representative in New York, The United Nations and other Member States for the adoption of resolution 2390 (2017), adopted unanimously by the Security Council on 8 December 2017, in which the Security Council concluded that the parties (Iraq and the United Nations) have fully implemented the measures imposed by Chapter VII under resolutions 1958 { 2010} and Resolution 2335 {2016} ".

"The new resolution is an important step in the restoration of Iraq's natural status and international standing, WHICH CONFIRMS THE END OF IRAQ'S OBLIGATIONS UNDER CHAPTER VII on the oil-for-food program after it was implemented in full."

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IRAQI FOREIGN MINISTRY ANNOUNCED ON SATURDAY MORNING THE ISSUANCE OF THE SECURITY COUNCIL DECISION TO EXIT IRAQ FROM CHAPTER VII

(Mnt Goat – As I have been saying Iraq needed to get out of Chapter VII in order to RV. Does anyone now believe me? All these shit head “gurus” bashing me all the time. So who is right again….bada boom…bad boom!

But remember they are not yet “fully” out of the dog house. There is still work to be done but this is a whole lot more promising than before Dec 8th announcement. This is like giving Iraq a candy bar as a reward for all their hard work and ABILITY in expelling ISIS from Iraq. They needed desperately to get their ARMY and SECUITY forces trained, willing and able. They finally did it under the leadership of PM Abadi. Now forward on the war with corruption. )

Baghdad - Mawazine News

The expert on the economic affairs of Dhargam Muhammad Ali, Saturday, Iraq's exit from Chapter VII is the most prominent economic event of the current year, indicating that it will pave the way for a safe area for business and investment.

"Iraq's exit from Chapter VII represents an international recognition of the achievement it has achieved for all its financial requirements," Ali said in an interview with Mawazin News. "He is qualified to keep his money abroad and his investments and real estate and banking assets from pursuing any side related to the economic sanctions that lasted for more than 27 years old. "

He added that Iraq has entered a completely new phase with the issuance of this UN resolution is to obtain full eligibility to obtain a sovereign credit rating and open foreign accounts directly on behalf of the Iraqi government and in the name of its banks and not through intermediaries, as was being done to get rid of the prosecution of money.

"This decision will raise the importance of Iraq as a safe area for business and investment and being a legally sound country in the performance of its sovereign obligations, which encourages the industry of the international working environment in the country."

The Iraqi Foreign Ministry announced on Saturday morning the issuance of the Security Council decision to exit Iraq from Chapter VII, indicating that this came after a series of diplomatic successes.

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IRAQI PRIME MINISTER HAIDAR AL-ABADI SAID ON SATURDAY "FULLY" THE END OF THE WAR AGAINST THE ORGANIZATION OF THE ISLAMIC STATE IN THE COUNTRY

Dec 8, 2017

BAGHDAD - Iraqi Prime Minister Haidar al-Abadi said on Saturday that his forces were "fully" on the Syrian-Iraqi border, stressing "the end of the war" against the organization of the Islamic state in the country.

"Our forces have taken full control of the Syrian-Iraqi border and hence declare the end of the war against Saddam," Abbadi said at the opening of the International Media Conference in Baghdad.

"Our battle was with the enemy who wanted to kill our civilizations, but we won our unity and our determination, and briefly we managed to defeat the preacher," Abadi said.

For its part, the Iraqi Joint Operations Command issued a statement announcing that the Iraqi forces were able to "liberate the island between Nineveh and Anbar by supporting the army's air force and maintaining the Iraqi-Syrian international border north of the Euphrates from the Romana area to Tel Safok Hill along 183 kilometers."

"The liberation of all Iraqi territory has been completed from the clutches of terrorist gangs and our heroic forces have tightened their control of the Iraqi-Syrian international border from al-Waleed port to Rabia."

Sources in the Iraqi army and the popular crowd had reported earlier Saturday that Iraqi forces took full control of the border between Iraq and Syria, after the escape of the Islamic state organization from the desert desert west of western Iraq.

"The military operations on the island and the desert were completed today with full control of the Iraqi-Syrian border," said Abu Ali al-Basri, commander of the popular mobilization operations. "The troops started fortifying the border with Syria."

Basri added that "a request was made with the Iraqi army forces advanced from the south, and the region was completely cleared and the discovery of laboratories for booby-traps and stores of equipment and weapons," asserting that "the entire island under the control of the popular mobilization forces."

It is noteworthy that the organization of the Islamic state was launched in 2014, a wide attack, which captured about one third of the area of Iraq and about half of the area of neighboring Syria and declared "succession" in both countries. But since then, the organization has lost most of the territory it controls.

The terrorist organization lost the territory it had occupied since 2014, which was estimated at one-third of Iraq's territory, following continuous military campaigns launched by Iraqi forces over the past three years with support from the US-led c
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PostSubject: Re: Mountain Goat 12/11/17   Mon Dec 11, 2017 11:32 am




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PostSubject: Re: Mountain Goat 12/11/17   Mon Dec 11, 2017 12:34 pm

And, what 'bigger and better' things you talkin? What are you planning on saying when nothing happens in 3-5 months, or anytime, more lies and bullshit? Just how long do you plan on jerking the peeps around? Don't you think they have had enough of being deceived and lied to all these years? You should really be f'kn ashamed of yourself and what you are doing to decent people-Back out NOW, while you still have a chance- Twisted Evil   Twisted Evil affraid affraid flame flame
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PostSubject: Re: Mountain Goat 12/11/17   Mon Dec 11, 2017 6:30 pm

So all that blah, blah, blah to say you have nothing huh?

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Trust but Verify --- R Reagan Suspect

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