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Mnt Goat News Brief 5/23/19 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Mnt Goat News Brief 5/23/19

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Mnt Goat News Brief 5/23/19 Empty Mnt Goat News Brief 5/23/19

Post by RamblerNash on Fri May 24, 2019 12:00 am

Hi Everyone,

I bring you much news today.

I want to remind all my viewers that the Mnt Goat Newsletter has been moved to Tues and Thurs ONLY and will no longer be published on M-W-F.

More news….

So today’s news is mostly again about the Iranian fiasco. I would to think there would NOT be an actual war with Iran and that Iran will eventually come to the bargaining table again under Trump. Sometimes it is hard to see the logic that that Trump administration is taking in facing many of the issues this nation confronts. But then at the end we realize the logic and see the plan played out. I believe this is the now the case with Iran.

We have to sit back and relax and just wait. Of all the presidents over the last couple of decades, this president I trust the most. He seems to finally be a trustworthy president and not inline with the bad agenda for America. In fact, he seems very much in opposition to Agenda 21 and this social ideology that leads to a social communist country. So Trump is just the opposite of Bushes, Clintons or Obama. He actually want to repeal and overturn many of these bad policies of the past decades that are destroying America and suppressing any real growth and prosperity. Over these decades of abuse we often as ourselves when will we finally get someone in the Whitehouse who know what the hell he/she is doing. Finally it seems we now have that person.

But remember this Trump movement must NOT die even after his next term ends in 2024. It must live on and there must be many inherent change made to how we think about these issues of socialism. We must never fall back on this communistic way of thinking again. Then we also must weed out these bad choking weeds (corrupt politicians) that prohibit the harvest of any real potential for abundance and prosperity. Remember also as part of their taking office they must swear allegiance to the constitution to defend it and to uphold it. So, are many of these socialist democrats treasonous? We must stop and see it as it is and not cover it all up. We must face this surge and reality of the communist in our country trying to take it over. Folks, this is reality not some movie on TV. This is happening right in front of your noses.

What else is new in the news?
We have two articles about the Iraqi dinar this period. One article is from March but I need to bring it to your attention again in the context of what they are now doing.

Each of the articles are reassuring they are still aware of the disparity in the rate of the dinar. In March’s article, from parliament, they say and I quote: “TO DEVELOP MECHANISMS TO CHANGE THE MONETARY AND MONETARY POLICIES IN THE COUNTRY, in coordination with the Central Bank of Iraq, AIMED AT RAISING THE DINAR EXCHANGE RATE” and then this same article goes to say and I quote again: “THE CHANGE WILL RAISE THE EXCHANGE RATE OF THE IRAQI DINAR AGAINST FOREIGN CURRENCIES”.

How will they do this change in the dinar?
I quote from the article: “the Committee is keen to enact the LAW OF FINANCIAL ADMINISTRATION as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state.

So we know that the Law of Financial Administration is now key and it does include this monetary change.

Will the currency auctions end?
Then the article talks about ending the currency auctions too. We can read the article and I quote: “NOT TO FOLLOW THE TRADITIONAL METHODS ARE NOT APPROPRIATE AT THE MOMENT.” So they are telling us the auctions (the traditional methods) are no longer appropriate for managing their currency.

When will this happen?
The article also gives us a time table for this action. I quote: “The Commission is DETERMINED TO MAKE THESE CHANGES DURING THE NEXT PHASE”. In a previous article over a month ago they told us the NEXT Phase is the next session of parliament. So in this phase of parliament they are working out ways to “fully” implement the Law of Financial Administration an it is in the NEXT Phase in which they intend to implement the changes that effect the currency.

Come ‘on folks you know they can’t give you an exact date and so they say NEXT Phase. But I assure you it is coming and it may even come even before the end of the year 2020. I surely hope so. All we can is track the progress now of this effort.

See full article in article section

Summary:
Folks the only way they can do these things with the dinar they say is to REINSTATE the currency on FOREX and they put it on a float.

So now we watch and listen for articles and any news on the “Law of Financial Administration”. We know this directly effects our investment in the dinar. Right? We now know this is what is going to get us what we want. Remember though the article says that parliament must still work with the CBI to implement this new law. We know the CBI is corrupted and many are making billions off these currency auctions. So like a mother weening a baby off the tit, they must also find a way to stop this corruption. This will not be as easy as the financial committee in parliament thinks. Remember also this law does not exclude the “project to delete the zeros” either as this still must be done as part of the process.

So what do we see come from the CBI then to today’s news?
This period we hear new news from the CBI that they are distributing yet more of the 250,500 and 1000 category notes. WOW! I am excited! Is seems maybe they are moving now slowly and cautiously into the next phase. Why do I say this?

This move tells us that what they are doing with the electronic banking and elimination of hard currency in circulation of the very large three zero notes is working and emphasis is now all being placed on using the lowest of the already issued lower categories 250,500 and 1000. Oh, you say so what is so new and so good about this new news?

However, this time the CBI has gone farther and re-issued the 50 dinar notes too along with the 250,500 and 1000. This has not been done before. If you can remember way back to 2015 timeframe these 50 dinar notes were discontinued because they were not used and so now they have brought them back. But remember under the 1190 rate they are only worth a nickel (five cents USD) USD. So why bring them back now? Why load the banks with them now, as the article tells us they are doing? See full article in article section.

More news….

SADIST MOVEMENT COULD BE OUR SAVING GRACE!

Baghdad: Al Furat News} called the Sadrist movement, to a demonstration “mass” Friday evening next 5/24.

“In support of Iraq’s security and peace, as well as its distancing from regional and international conflicts, and to spare it the scourge of war in the region, in which Iraq should not be a party, and to push the government, but all in this direction, to preserve the interests of Iraq,” said a statement by the central committee overseeing popular protests in Iraq. And its people and its future, at a critical stage, and international conflicts and ambitions threatening the entity of the homeland and its existence, we call on our Iraqi people to embark on a mass peaceful demonstration on Friday, at nine o’clock pm.

The statement pointed out that the demonstration will be “all in his province, excluding the province of Najaf.”

More news….

UPDATE ON THE ONGOING ELECTION SAGA

There is no mention of a scheduled timeframe for voting on the current list of candidates for the last of the four ministers.

Coalitions must agree on the candidates of the four ministries vacant, before the beginning of next month June, to avoid constitutional vacuum and legal breach. This is still almost two weeks from now. As usual they will probably play this game right up until the last moment.

More news….

BAGHDAD /

President of the Republic Barham Salih received at the Peace Palace in Baghdad on Monday Assistant US Treasury Secretary Marshall Blingsley.

"During the meeting, they discussed bilateral relations between Iraq and the United States of America, especially in the economic and financial fields, and the need to enhance the prospects for cooperation between Iraqi and US banks, which will contribute to the development and revitalization of the Iraqi economy," the statement said.

"We also reviewed the latest political developments at the regional and international levels and the importance of consolidating the foundations of peace and stability to achieve progress and prosperity for the peoples of the region," he added.

More news….

The International Finance Corporation (IFC), a member of the World Bank Grouphas signed a memorandum of understanding with the International Development Bank ( IDB ), one of Iraq's leading private banks, to begin cooperation and expand financial services to the private sector and support the country's economy.

"This memorandum of understanding would help the International Development Bank for investment and finance strengthen its position locally and support private and public sector companies," the development bank said in a statement read by the economy.

"The cooperation between IFC and the International Development Bank is aimed at facilitating access to financial services such as loans, trade finance and other forms of financing to the Bank's customers, which ultimately helps them create jobs and contribute effectively to economic and social development.

More news….

May 20, 2019

The Central Bank of Iraq has launched the SIFP, which aims to create a regular PARTNERSHIP IN THE FINANCING AND INVESTMENT PROCESS BETWEEN TRADITIONAL AND ISLAMIC BANKS ON THE ONE HAND AND THE PUBLIC AND PRIVATE SECTORS ON THE OTHER HAND. Accounting and Auditing for Islamic Financial Institutions (AAOIFI)

It is worth mentioning that the complex Islamic finance program is the fastest and most advanced means of dealing with the problem of economic development where the financial sector works with the real sector directly without the need for a mediator.

(Mnt Goat – Now it seems to me they are “pulling out all stops” and going to take advantage of everything at their disposal to kickstart their economy. But we know the real reason for the stall. It is the currency. They know it too. Pressure, pressure and more pressure to get the currency reformed. Folks it is just a matter of time for us. Just sit back and relax. They must reinstate the currency soon!)

More news….

SALEH AND US TREASURY SECRETARY DISCUSS REVITALIZING IRAQI ECONOMY

BAGHDAD (Reuters) – President Barham Salih met with US Assistant Secretary of Treasury Marshall Blingsley at the Peace Palace in Baghdad on Monday.

“During the meeting, they discussed the bilateral relations between Iraq and the United States of America, especially in the economic and financial fields, and the need to enhance the prospects for cooperation between Iraqi and US banks, which will contribute to the development and revitalization of the Iraqi economy,” a presidential statement said.

“The latest political developments at the regional and international levels and the importance of consolidating the foundations of peace and stability to achieve progress and prosperity for the peoples of the region have been reviewed,” he added.

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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.
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Articles Begin

PARLIAMENTARY MOVE TO RAISE THE PRICE OF THE DINAR AND MAINTAIN THE STABILITY OF INFLATION

March 20, 2019
Wednesday 20 March 2019 1567
Baghdad / Omar Abdul Latif

The Parliamentary Finance Committee is moving in the current legislative session TO DEVELOP MECHANISMS TO CHANGE THE MONETARY AND MONETARY POLICIES IN THE COUNTRY, in coordination with the Central Bank of Iraq, AIMED AT RAISING THE DINAR EXCHANGE RATE and maintaining the stability of inflation.

“The committee will move during the current legislative term towards changing the fiscal and monetary policy in the country in general,” said member of the committee Abdul Hadi al-Saadawi, Coming “.

He added that “the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state,” pointing out that “THE CHANGE WILL RAISE THE EXCHANGE RATE OF THE IRAQI DINAR AGAINST FOREIGN CURRENCIES while maintaining the stability of inflation in the country”. (Mnt Goat – this means to put the dinar on a float. To do this means reinstating the dinar on FOREX)

“The Commission is DETERMINED TO MAKE THESE CHANGES DURING THE NEXT PHASE and NOT TO FOLLOW THE TRADITIONAL METHODS ARE NOT APPROPRIATE AT THE MOMENT.” (Mnt Goat – meaning the current currency auctions)

(Mnt Goat – So is this good news today or what? I can hardly keep from jumping up and down….lol..lol…)

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FINALLY SOME GOOD NEWS FROM THE CBI

May 22, 2019

The Central Bank of Iraq would like to inform all banks that IT IS CONTINUING TO PROVIDE THEM WITH SMALL GROUPS OF THE IRAQI CURRENCY by withdrawing the amounts from the current balances with this bank.

He explains that if there is an inquiry or notes, banks can contact the Compliance Department in the Issuance and Treasury Department of this bank and by email.

(Mnt Goat – These are the 250, 500 and 1000 categories but notice they are adding back the 50 category. WOW! This is what we expected. The CBI is slowly phasing-in the other smaller category notes. Actually we expected the 100 category notes next but I’ll take this one too….lol..lol..lol… Will we get the others too shortly? Remember the 50 note is worth a nickel at 1190 rate (.050).)

The Central Bank of Iraq announced on Wednesday the sale of international banknotes canceled for previous years to amateurs and related associations.

The following are the banknotes canceled for the years 1979-1986, which are sold to amateurs at prices ranging from $ 2 to $ 15 and according to the category of cash each, which included a quarter of dinars and half dinar and dinar, 5 dinars, 10 dinars and 25 dinars.

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

EUROPEAN CURRENCY DECLINES IN FRONT OF IRAQI DINAR

By Salama Abdel Rahman

Mubasher: European currencies have seen a drop in front of the Iraqi dinar, while the US dollar has risen.

The euro fell by 0.24% against the Iraqi dinar, the pound dropped 0.4%, and the dollar climbed 0.09% in front of it, compared to its previous levels.
The JPY’s value in front of the Iraqi dinar fell by 0.27%, at 8:10 a.m. GMT.
The performance of the Gulf currencies was positive against the Iraqi dinar, the value of the Saudi riyal, the UAE dirham increased by 0.1%, the Qatari riyal 0.09%, the Bahraini dinar 0.07%, and the Jordanian dinar by 0.06% before it.

The value of the Kuwaiti dinar in front of the Iraqi currency decreased by 0.04%.

The value of the Egyptian pound in front of the Iraqi dinar declined by 0.03%.

(Mnt Goat – So we can see that as the Iraqi economy grows and the 1190 rate persists it is causing problems of disparity amongst the other currencies and trade must be hard with having to convert all the time using these larger three zero notes and very large list of digits.)

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

UNITED STATES IS COMMITTED NOT TO USE IRAQI TERRITORY TO ATTACK ANY OTHER COUNTRY

Baghdad: Al-Furat News) US Charge d'affaires in Baghdad, Joe Hood, confirmed that the United States is committed not to use Iraqi territory to attack any other country.

"I met with Parliament Speaker Mohamed Halabousi and stressed THE UNITED STATES' COMMITMENT TO IRAQ AS ONE OF THE MOST IMPORTANT STRATEGIC PARTNERS of the United States in the region and the importance of a strong, stable and sovereign Iraqi government," said a statement from the US embassy.

He also stressed "the work that must be done to achieve Iraq's independence in the field of energy in the presence of opportunities to deepen the deepening economic ties between our two countries."

"The United States is committed to the STRATEGIC FRAMEWORK AGREEMENT, INCLUDING THE PROHIBITION OF THE USE OF IRAQI TERRITORY TO ATTACK ANY OTHER COUNTRY, and the United States' commitment to the international coalition that provides advice, training and equipping the Iraqi security forces in their efforts to crack down on being a threat to Iraq is over

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

A DELEGATION FROM THE IRAQI FOREIGN MINISTRY VISITS THE US EMBASSY AND EXPRESSES ITS SOLIDARITY WITH THEM

BAGHDAD / Al-Ghad Press:
The US embassy on Monday officially received a delegation from the Iraqi Foreign Ministry.
The embassy said in a statement that “a delegation including the head of the Protocol Department, Minister Plenipotentiary Al-Manhal Al-Safi and Protocol Department official Mohammad Fatian visited the embassy today to express the solidarity of the Iraqi Foreign Ministry with the embassy
against the attack on Sunday.

“The foreign ministry confirmed its commitment to the security of the US diplomatic mission, while the latter confirmed its appreciation for the support of the security services and efforts exerted by the Iraqi government to secure the embassy and its staff.”

IRAQ IS LEADING MEDIATION EFFORTS TO CALM THE ESCALATING TENSION BETWEEN THE UNITED STATES AND IRAN

20-05-2019

Press reports revealed that Iraq is leading mediation efforts to calm the escalating tension between the United States and Iran, after its territory is about to become a battlefield for military confrontation between the two countries.

The newspaper 'Independent Arab' in a report, quoting Iraqi officials, that 'Prime Minister Adel Abdul Mahdi, seeks to open an effective communication channel between Washington and Tehran, to prevent the slide towards the abyss of war.

She added that is scheduled to host the Office of the Iraqi President a high-level meeting, involving political leaders to discuss the role of Iraq in containing the high tension between the United States and Iran'
"Iraq is trying to accelerate mediation efforts, after a surprise announcement by the United States to withdraw its non-essential staff from Iraq, because of increasing Iranian threats."

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

PROSPECTS FOR ECONOMIC AND FINANCIAL COOPERATION BETWEEN IRAQ AND THE UNITED STATES, ACCORDING TO A STATEMENT BY THE MINISTRY OF FINANCE

BAGHDAD (Reuters)

A senior US official and Iraqi Finance Minister Fuad Hussein discussed measures taken by the United States to impose sanctions on the Islamic Republic of Iran.

US Treasury Secretary Marshall Bellingly and his accompanying delegation discussed with Finance Minister Fouad Hussein the political situation in the Middle East as well as prospects for economic and financial cooperation between Iraq and the United States, according to a statement by the Ministry of Finance.

"The developments in the political landscape in the region and the measures taken by the United States to impose sanctions on the Islamic Republic of Iran," Marshall said.

He gave a brief explanation of "the future US policy and bilateral relations between Iraq and America, especially in the areas of economy and finance."

"The SITUATION IN THE REGION IS COMPLEX AND SENSITIVE at the same time," Deputy Prime Minister Billingsley said. "We hope that the outstanding problems will be resolved through peaceful means, diplomacy, dialogue and negotiations, because any tension or conflict will negatively affect all countries in the region, This will negatively affect the economy and the Iraqi market. "

The two sides agreed to "continue cooperation and exchange views in order to protect the Iraqi economy and ensure its stability from any repercussions in the region."

The meeting was attended by the acting US Ambassador to Baghdad, Joy Hood, and a number of advisors from both sides.

(Mnt Goat – We know that when this situation of cooperation and exchange is made and solid, the US will then allow the dinar to reinstate and list once again on FOREX. So maybe some good will come out of this crisis with Iran. Afterall the way I look at it something has to be done one way or the other and just not let the Iranian influence kill Iraq and suffocate it as a puppet Iranian country. I am glad for the Trump administration stance now with Iran someone has to challenge them and kick Iran out of Iraq)

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

US DEMAND FOR GUARANTEES AFTER THE BOMBING OF ITS EMBASSY IN BAGHDAD

Al-Arabi newspaper reported on Monday the US demand for guarantees after the bombing of its embassy in Baghdad.

"The past few hours have witnessed intense US-Iraqi contacts aimed at containing the crisis that a Katyusha rocket could pose in a park near the US Embassy in Baghdad, located in the fortified Green Zone," the source said.

The source added that "Iraqi officials have contacted the US Embassy in Baghdad," explaining that officials are trying to reassure the embassy that landed near the building of the missile "

He added that" the Iraqi embassy in Washington also moved to prevent any undesirable repercussions for the bombing of the Green Zone, That "the Americans demanded assurances to protect their embassy and their nationals in Iraq."

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A ROCKET STRIKE ON THE GREEN ZONE WILL NOT AFFECT ITS OPENING TO CITIZENS

Iraqi Prime Minister Adel Abdul Mahdi said a rocket strike on the Green Zone, which includes embassies and government buildings in the capital Baghdad, will not affect its opening to citizens.

The Iraqi Prime Minister's office said in a statement on Sunday that the area would open within days to citizens.

The Iraqi security information cell announced earlier Sunday the fall of a rocket in the middle of the Green Zone in the Iraqi capital Baghdad.
The Green Zone is one of the most heavily fortified sites in the capital, with a number of power centers in the government and army headquarters, as well as the US Embassy.

(Mnt Goat – Maybe Trump will start called the Hassan Rouhani, the “rocket man” too? Lol…lol..lol….)

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THE NATURE OF THE EXPLOSION WITNESSED IN THE GREEN ZONE

(Baghdad: Al Furat News) The security information cell, the nature of the explosion, which witnessed the Green Zone in central Baghdad on Sunday evening.

"A Katyusha rocket landed in the middle of the Green Zone without causing any casualties, " the statement said , quoting a security source for the Euphrates that "the site of the fall of the projectile was near the aircraft museum next to the monument of the unknown soldier. Green.

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Articles End

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.

In ending I want everyone to know your constant prayers in the fight against evil (ISIS) in Iraq have worked. God has guided these young men and women on the battle field. The major war with ISIS has been over since Dec 2017. Let us all know that there is a new battle now to fight. A battle to save our homelands from the corrupt politicians and secret societies who are bent on taking what they want from our current wealth and from future generations without our permission. We must keep praying for the end to the rapid corruption and enslavement of people in Iraq and in the United States. We must pray for our leaders when they are being guided by the Holy Spirit. We must stand by them and let them know we are still there to support them, even after the election is over. I have composed a prayer maybe we can all pray today in our own way and until the reinstatement of the Iraq dinar occurs.

PRAYER

“For the Iraqi Prime Minister and the President of the United States, that all their cabinet members, and deputies may be anointed by the Holy Spirit to do God’s will and bring the free democracies of the Republics of Iraq and of the United States of America to the much-deserved prosperity and abundance.

To do this thru justice and freedom from oppression and corruption. That they may be a shining example for the rest of the middle east and the rest of the world to follow.

In the name of Jesus Christ our King and Savior, Amen”

Auf Wiedersehen
Much love to ya all,
Mnt Goat
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Mnt Goat News Brief 5/23/19 Empty Re: Mnt Goat News Brief 5/23/19

Post by Ponee on Mon May 27, 2019 10:14 am

Mnt Goat wrote:Folks it is just a matter of time for us. Just sit back and relax. They must reinstate the currency soon...

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