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Mnt Goat News Brief 8/13/19 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Post by RamblerNash on Wed Aug 14, 2019 9:51 pm

Hi Everyone,

I bring you a very long newsletter today.

Again, I am telling everyone what is holding back the reinstatement of the Iraqi dinar. It is corruption and the fight to clean it up. It is also not having their constitution “fully” implemented. This is a necessity. While in this process the CBI proceeds to continue with the project to delete the zeros.

Yes, we all know there much corruption even at the minor level but in Iraq it is also massive and the authorities are not going to let the dinar reinstate until this is settle to their satisfaction. In the USA we are seeing the same fight raging on too. They need to get rid of the deep state and all those involved in the social communist plot to overthrow the US government thru political lies and deception.

More news….

I really get upset how these jackass intel gurus take something and exploit it just so they can create RV hype and new. Now they even make it out to be a window of the RV. Really? For the last three weeks they have exploited the concept of issuing these so -called international VISA cards into important intel.

Earlier we read articles about the new VISA international cards from the Rafidian bank and so now just recently the Kurdistan International Bank KIB for Investment and Development just announced a new international MASTERCARD. So what?

Yes, they are so stupid they can’t even see the BIG picture of what the hell is going on in Iraq with these cards. So, let me clarify this international visa and mastercard stuff once and for all.

So, when we are looking at the significance of something, we can not also forget what we learned from the past. This is important. What is the BIG push right now from the CBI on the associated banks?

It is of course to get the society as paperless as possible. We have read over and over again that they need to get the POS (point of sale) machines and ATMs (Automatic Teller Machines) up and running and most importantly for the citizens to use them. This is all part of the “project to delete the zeros”. So far, they have been very successful and are even currently paying almost 80% of the payrolls now to the citizens via electronic means. They want to soon get close to 95% by the end of the year. So the BIG push is on….

This keeps these massive amount of the 3 zero notes from being recirculated over and over again from the CBI. This was a brilliant plan on how to finally collect these notes. This is one way they reduced the money in circulation. NOTE: - this is not reducing the money supply just how much of it is in the physical hands of the people. Get it? The money supply is still there digitally at the banks. These 3 zero notes are also still at the CBI.

So, the significance of these new cards actually has very little to do with going out as an international effort and all to do with just getting the VISA and MASTERCARD systems working and in use in Iraq. These are the venders who supply the means to transact business. Get it? This is why there is so much news on it. Later yes, these cards can be used overseas or out of country to also conduct international business but they will need FOREX to determine the rate for the conversion. So the banks can issue these cards to use within Iraq and the international part can come later. They just at least need them to use them within Iraq first. This is the main push right now.

But this “international” part is certainly not the PRIMARY issue we should be dwelling on with these cards. But of course, jackasses like TNT Tony and others will be looking for anything with the term “international” attached to it and hype it up. They like to make a grain of sand into a mountain of intel. Them later when nothing pans out and no RV occurs, he stands there scratching his bald head wondering why nothing occurred. Nothing occurred because of their so-called intel and common sense was all wrong. It always is. We see this approach over and over again with these guys. Why do you even pay attention anymore to them?

Aren’t these the same idiots who said the govt must be formed first, then the RV will happen? Gov’t is formed so where is the RV?

Aren’t these the same idiots who said months ago they knew for sure, through a reliable source that the smaller category notes were out in parts of Iraq? Confimation with the CBI said no smaller category notes other than the 50, 250, 500 and 1000 are in circulation. Oh – there sources are so reliable…yeh..right!

Aren’t these the same idiots who picked on the smart cards being used in other countries with a new rate? No one in the four years since has come up with evidence to substantiate this claim…no one! But they still stick to their stupid story because some anonymous caller told them so.

So now we have yet another one. They circle back to these cards and play this intel game all over again. Are we all that stupid or what to believe this crap?

I hope I put this rumor to bed for good!

More news….

CONSIDERING WAYS TO REDUCE RELIANCE ON US DOLLAR FOR LOCAL CURRENCIES IN THEIR BILATERAL TRADES

TEHRAN, Aug. 09 (MNA) – In line with the efforts to boost the economic ties between Iran and Iraq, the two neighboring countries are considering ways to include local currencies in their bilateral trades to reduce reliance on US dollar, says the Iraqi ambassador to Tehran.

Full article is in the articles section today.

More news….

APPOINTING AN INSPECTOR GENERAL IN THE CENTRAL BANK OF IRAQ

Finally, a court order was issued appointing an inspector general in the Central Bank of Iraq. The Central Bank shall not receive any instructions from any person or entity, including government agencies, except as otherwise provided in this Law. This is exactly what we want to see in cleaning up the corruption in the CBI.

Shortly afterwards this article pops out in the news. Economy News _ Baghdad, The parliamentary Finance Committee, on Friday, surprised the “great” of the appointment of an inspector of the Central Bank of Iraq, usually violated his independence and exceeded its law. Does it really? Are you surprised the opposition is fighting back? Of course they do not want any accountability in the CBI. They want to continue the corruption or ways to steal from the reserves.

Full articles are in the articles section today.

More news….

SEEKS INTERNATIONAL INTERVENTION TO REDUCE THE PHENOMENON OF CORRUPTION IN IRAQ

The leader of the coalition of Iraqi decision Atheel Nujaifi, on Tuesday, to international intervention to reduce the phenomenon of corruption in Iraq, attributing to the involvement of regulators in this corruption.

“The situation in Iraq has reached an impasse, in terms of fighting corruption and holding corrupt officials accountable,” Nujaifi told Ashqaf. “THE AUTHORITIES THAT ARE PURSUING THE CORRUPT ARE ALSO BECOMING ADDICTED TO CORRUPTION AND UNABLE TO PURSUE THE CORRUPT.”

Full article is in the articles section today.

More news….

PARLIAMENT LIFT IMMUNITY FOR 21 LAWMAKERS

BAGHDAD: Iraq’s top judicial authority has requested the parliament lift immunity for 21 lawmakers, including 10 wanted on charges of corruption.
Iraq’s Supreme Judicial Council said in a statement on Wednesday that it would not disclose the names of the lawmakers while the investigations are ongoing.

Full article is in the articles section today.

More news….

Please review my latest video set of on FB entitled “Moving From Lies to Truth – Aug 13th Update”. Here is the link.

https://www.facebook.com/ 281127528889313/videos/382612485734517/


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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

WORLD BANK INFORMED THE IRAQI GOVERNMENT CONSEQUENCES TO EXCEED THE RED LINE

BAGHDAD / .. Alliance MP Sairoun Mohammed, said on Saturday that the World Bank informed the Iraqi government to exceed the red line of the level of consumption within the federal budgets.

Mohammed said in a press statement that "the World Bank informed the government to exceed the red line consumption level within the federal budgets," pointing out that "the consumption rate exceeded 25% and this is a serious indicator of the financial situation of the country."

He added that "raising the percentage of consumption in the budget poses great risks in terms of the inability of the government to recruit and implement projects," noting that "reducing that proportion needs to activate the private sector and the transfer of budgets from consumer to investment.

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CALLS FOR THE GOVERNMENT’S DIRECTION TOWARDS A FREE IRAQI ECONOMY

8/10/19

BAGHDAD / NINA / A member of the Board of Directors of the Iraqi Economic Council, Baqer Al-Mashat, called for the government’s direction towards a free economy through activating a solid investment environment and cooperation and coordination between the public and private sectors.

Al-Mashat suggested in a statement on Monday: “The creation of a special division in the Secretariat of the Council of Ministers to follow up the steps of transition and cooperation between all parties to make this transition a success.”

He called on the private sector, especially the banking sector, to support these trends by providing financial guarantees to attract companies and foreign investors.

He continued, saying: “The best time to support these government trends, especially as the citizen began to harmonize with these measures, which ultimately serve his interests.”

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

POWER OF THE SPEAKER OF PARLIAMENT TO REMOVE THE IMMUNITY FROM THE DEPUTY ACCUSED OF HIS CRIME

The legal expert Tariq Harb said that the third day of August begins the power of the speaker of parliament to remove the immunity from the deputy accused of his crime without the need to vote the parliament and continue this power for a month.

“Article 63 of the Constitution followed in Article 7 of the House of Representatives Law 13 of 2018 and Article 20 of the Rules of Procedure of the House of Representatives identified two ways to lift the immunity from the first deputy approval of the parliament by a majority vote at the absolute When the parliament is in a hurry. ”

He added that “the second way is the approval of the Speaker of the House of Representatives only without the need to be presented to the Council and vote as the law requires the approval of the Speaker of Parliament only if it is outside the term of the legislative term and the legislative term is four months of each year and does not include two months parliamentary holidays and four months legislative term And do not include the two months and thus be each year of eight months and four months holiday and four years.

He explained that “THE LEGISLATIVE TERM ENDED ON 7/2 AND WAS EXTENDED FOR ONE MONTH ACCORDING TO THE PERMIT OF EXTENSION FOR ONLY ONE MONTH ACCORDING TO ARTICLE 85 OF THE CONSTITUTION, so the rest of the month holiday and Jubaiha in accordance with Article 57 and Article 58 of the Constitution and where the end of the extension on 8/2, The holiday, which grants the speaker of parliament for the rest of the month, the power to lift the immunity for each deputy without the need to be presented to the parliament and vote, but this power restricted him on charges of felony only to which the law was confinement for more than five years in accordance with the provisions of Article 25 of the Penal Code No. 111 of 1969 .

And wondered the war, “WILL RESPOND TO THE PRESIDENT OF THE PARLIAMENT REQUESTS TO LIFT THE IMMUNITY OF MPS ACCUSED OF CRIMES OF A KIND OF CRIMINAL according to his constitutional and legal authority.”

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

(Mnt Goat - So now the next article we see that there are four ministers that are going to be removed and their immunity lifted.)

CERTAIN MINISTERS MAY BE REMOVED FROM IRAQI GOVERNMENT:

ERBIL – A number of Iraqi ministers MAY GET DISMISSED FROM THEIR POSITION IN THE UPCOMING WEEKS as efforts have been intensified to do reforms in the government, an informed source revealed on Thursday.

There have been productive discussions and good understanding among the parliamentary factions on this issue which is said to happen in the upcoming weeks.

According to the information BasNews has learned, a number of political parties had been objecting to the new Iraqi government.

AT LEAST FOUR MINISTERS WILL BE REMOVED OVER ALLEGED INVOLVEMENT IN CORRUPTION, he said.

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

Article From the past:

THE EXCHANGE RATE OF FOREIGN CURRENCY IN ECONOMIC FEASIBILITY STUDIES

Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars.

Estimate the shadow price of foreign currency:
1. It is necessary to put central controls to amend the official exchange rate

* to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine.
The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs.

* What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar. In particular the following outputs and inputs of foreign currency were distinguished:

Export-outputs.
Outputs marketed locally that substitute imports.
Imported inputs.
Inputs produced locally that usually go to exports.
Foreign labor.

According to the pricing rules the value of the output and input (traded) is calculated using export prices (FOB) and import prices (CIF), according to what is listed in the pricing rules.

In other words the pricing rules calculate what the project produces from foreign currency (quantity of exports multiplied by the export price (FOB) in foreign currency or the quantity of substitute imports multiplied by the import price (CIF) in foreign currency, as well as what the project uses from foreign currency and imported inputs multiplied by the import price (CIF) in foreign currency …. etc.).
In a later step, project outputs and inputs must be converted from the foreign currency to its equivalent in local currency (dinars) by using a specific exchange rate for the foreign currency.

2. Justifications for exchange-rate adjustment: there are a number of important and powerful arguments which support the view that the official exchange rate reduces the real value of foreign currency for purposes of calculating the economic national profitability for investment projects and hence for the purposes of investment planning. It is demonstrated in this context to call for ASSESSING THE DINAR FOR LESS THAN (3.208) DOLLAR (official exchange rate) when assessing project outputs and inputs of traded goods of exports, substitute imports and imports… etc.

The justifications to call for the use of an exchange rate that is lower than the official exchange rate are:

The USE OF AN EXCHANGE RATE THAT IS LOWER THAN THE OFFICIAL RATE IS THE APPROPRIATE ACTION AT THE INVESTMENT PLANNING LEVEL to translate the country’s economic strategy aiming at stimulating central investments in the sectors that encourage the development of non-oil exports, as well as sectors that encourage the expansion of domestic production base in order to reduce imports and compensate it with local commodities. This helps to reduce reliance on foreign exchange earnings from crude oil exports and increases the share of non-oil sectors in the local production.

The application of the amended exchange rate on project imported inputs will assist in directing investments away from aggregated sectors dependent on imported inputs and the preference of those sectors that rely on locally produced inputs.

The use of the amended exchange rate helps to correct the balance in favor of the traded goods sectors compared to non-traded goods.

The real exchange rate has declined rapidly since the early seventies, through rapid rise of the level of prices and local costs which led by the steadiness of the official exchange rate to change in prices and actual local rate costs that gave an advantage for imported goods at the expense of locally produced goods, meaning that it led to deterioration of the competitiveness of alternative replacement goods and export commodities.
This action shows that the official exchange rate overestimates the value of the dinar, compared to the foreign currency and from the promoting goods substituting imports and export commodities point of view of.
And in support to this view is the state’s utilization and in a broad approach to the customs and quantitative protection policies especially for consumer goods, as well as export subsidies that exports have through an amended export exchange rate.

3. Estimate the amended exchange rate of the IRAQI DINAR TO BE USED IN TECHNICAL AND ECONOMICAL FEASIBILITY STUDIES AND FOR (1.134) DOLLAR PER DINAR. This price should be approved for 3 years UNTIL RE-APPRECIATION BY THE COMPETENT AUTHORITIES.

(Mnt Goat – I have talked to you previously about the three (3) studies they did on the dinar rate. One study for around $1, then $2 and $3. Here is the article from the past on this study. So once again we see that the dinar can be reinstated at around $1 or even $3+. I quote from the article – “ASSESSING THE DINAR FOR LESS THAN (3.208) DOLLAR (official exchange rate) when assessing project outputs and inputs of traded goods of exports, substitute imports and imports… etc.” I luv when I am right…don’t you?)

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

IRAN/IRAQ ARE CONSIDERING WAYS TO INCLUDE LOCAL CURRENCIES IN THEIR BILATERAL TRADES TO REDUCE RELIANCE ON US DOLLAR

TEHRAN, Aug. 09 (MNA) – In line with the efforts to boost the economic ties between Iran and Iraq, the two neighboring countries ARE CONSIDERING WAYS TO INCLUDE LOCAL CURRENCIES IN THEIR BILATERAL TRADES TO REDUCE RELIANCE ON US DOLLAR, says the Iraqi ambassador to Tehran.

Sa'd Javad Ghandil said Friday that the two neighbors are holding talks to find the best way to facilitate their financial transactions, including the substitution of the US dollar with Iraqi dinar in bilateral trades.

The Iraqi diplomat once again reiterated his respective government's clear stance against the US' unilateral sanctions against Iran, saying such restrictions are against the international rules and regulations.

Noting that the BILATERAL TRADES BETWEEN IRAN AND IRAQ HAVE NOT BEEN AFFECTED BY THE SANCTIONS IN THE PAST YEAR, Ghandil expressed his country's readiness to increase the level of cooperation with Iran in various economic spheres.

(Mnt Goat – this can only help us in getting the reinstatement. We know they can not use exclusively dinars in trade with Iran unless they reinstate the currency and get off the currency auctions. You see this plan is only now coming our because they are cleaning up the CBI and the corruption in the currency auctions. They know this funneling of billions of US dollars to Iran through these auctions is coming to halt very soon. So, they are now planning around it. They will soon be doing trade exclusively with Dinar and Toman.)

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

A COURT ORDER WAS ISSUED APPOINTING AN INSPECTOR GENERAL IN THE CENTRAL BANK OF IRAQ

(Mnt Goat – This is WOW! news! And all so good for us.)

Finally, a court order was issued appointing an inspector general in the Central Bank of Iraq. The Central Bank shall not receive any instructions from any person or entity, including government agencies, except as otherwise provided in this Law.

In addition, the Central Bank is subject to the control and questions of the Iraqi Council of Representatives in all its activities and accounts are subject to the Office of Financial Supervision and an international audit company.

It should be noted that banks in all countries of the world are sovereign and independent institutions operating in accordance with their laws to achieve specific and clear objectives involving all banks, which is clearly referred to in Law 56 of 2004.

I believe that the issuer of the Diwani order should consult with legal and financial advisors before appointing a general inspector at the Central Bank, as this may be considered as an interference with the independence of the bank and its functions and gives a negative indication to the international banking and financial institutions, which the bank has exerted great efforts in restoring its bilateral financial and banking transactions with it.

As a citizen, I am a constitutional right in a democratic system that guarantees me to discuss government decisions with general effect. I record a point of order on the Diwaniyyah order, stressing the independence of the Central Bank, which is contained in more than one article of the law in force that regulates the functions and duties of the Central Bank.

I call on the Prime Minister to reconsider the Diwani order as far as the Central Bank is concerned and does not affect our national economy and the independence of monetary policy and privacy.

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

APPOINTMENT OF AN INSPECTOR OF THE CENTRAL BANK OF IRAQ, USUALLY VIOLATED HIS INDEPENDENCE AND EXCEEDED ITS LAW

(Mnt Goat – of course the opposition does not want the inspector general of the CBI. They need to continue their corruption in the CBI. This yet another step in cleaning up the corruption in the CBI. This all very good for us. So this article is full of it. The new law passed this year, the Financial Management Law states that an inspector general will be appointed over the CBI. The positions has very specific auditing responsibilities and will not interfer with monetary policy. So we are witnessing them implement this new law. This is all very good for us. )

Economy News _ Baghdad
The parliamentary Finance Committee, on Friday, surprised the “great” of the appointment of an inspector of the Central Bank of Iraq, usually violated his independence and exceeded its law.

The Chairman of the Committee MP Haitham al-Jubouri, in a statement received by “Economy News” a copy of it, that the Finance Committee shows great surprise at the deliberate Iraqi government breach of the independence of the Central Bank and insist on interfering in its policy and management, in violation of the text of Article 2 of the Central Bank Law, which stipulated not to allow any person or government to interfere with the work of the bank or its monetary policy and subject it to the control of the House of Representatives only.

He added: We remind the government that this position was previously in the Central Bank and was canceled in 2008 because of its conflict with the law of the bank in force.

He called for the immediate cessation of this step, warning of its external repercussions and its negative repercussions on international agreements and assessments.

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

ARTICLE 140 WILL BE ENFORCED

The Supreme Federal Court (the highest judicial authority in Iraq), on 30 July last, to remain in force Article (140) of the Constitution of the Republic of Iraq, stressing that this continues until the implementation of its requirements and the goal of its legislation.

Article 140 provides for the elimination of the effects of demographic changes made by the regime of Saddam Hussein in the Kurdish areas outside (currently) the administration of the Kurdistan region or the so-called 'disputed' in favor of the Arabs at the expense of the Kurds, and then conduct a census and THEN A REFERENDUM TO DETERMINE THE POPULATION IF THEY WISH TO JOIN THE KURDISTAN REGION OR REMAIN UNDER THE ADMINISTRATION OF BAGHDAD.

The implementation of Article 140 was due to be completed by the end of 2007, but security and political problems and the stalling of successive governments in Baghdad prevented it.

(Mnt Goat – Again I am telling everyone that Article 140 is required. It is part of the new Iraqi constitution and the entire constitution must be implemented and enforced prior to the reinstatement. Doubt me? Where is the RV then? Why does this issue keep coming up every time we are close to a window where we might see the reinstatement? These same gurus will tell you to pay attention to news that keeps repeating and in the news. Then these issues are important. Well….here is an issue so why do they still deny it is important. It is in the news over and over again. But this is the way they are. THEY TAILOR THE NEWS TO SUIT THERE OWN PRE-DETERMINED OUTCOME.)

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

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 all leaders of all nations, that they may be anointed by the Holy Spirit to do God’s will to bring about abundance and prosperity to all.

To fight this waging war on corruption, our freedoms, our liberties, socialist plans and injustice.

That the FREE WORLD may be a shining example for the rest of the entire planet.

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

Auf Wiedersehen
Much love to ya all,
Mnt Goat
RamblerNash
RamblerNash
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