Mnt Goat News Brief 6/9/20

by **RamblerNash** Thu Jun 11, 2020 2:41 am

Hi Everyone,

I bring you some news today.

The news today is short but all very good as Iraq now seems to be moving in the right direction. The stronghold of Iran on Iraq seems to be broken and I believe this was due mainly by the elimination of the Iranian general Soleimani and his gang of general thugs. We see the protestors back on track as they want the promised reforms. We are hearing that al-Kazemi is going to give them all the demands they requested.

Meanwhile the CBI is making plans to launch and complete “project to delete the zeros” this year. Even with the prices of oil rising, the US in partnership with Iraq will not let this opportunity of moving ahead with the long-term plan for the private sector and growth. So, NO, things are not as usual for Iraq they are moving ahead. It may not be on your schedule but the momentum will increase as time goes on. We just have to be patient and watch. Look at it this way- where were we last October?

We longed for the release of Iran and its militias on Iraq since 2017 and so not it is actually happening due to the Trump administration. With Trumps business knowledge and his concern is abundance and prosperity for everyone is heartfelt and warming Unlike the Obama administration which concentrated on raping America and dealt more with bringing her to her knees with the UN Agenda 2021 / 2030, which in itself is the conversion of America and its resources to the One World Government.

So, it can not be any clearer and we all should be very focused now on what the Trump administration is going to help in this direction. Remember this quote from president Kennedy – “it is not what your country can do for you, but what you can do for your country”.

So we all need to step back now and stop expecting for our political leaders to have all the answers. They do not. It is only through the involvement of the people (the average citizen) that the country progresses. Remember this – it is our country and there is only a hand full of (mostly crocked) politicians against millions and millions of citizens. Why can’t we have a government the way we need it? Why can’t they run the country the way we want it to be run– with abundance and prosperity being God centered with love, nationalism and patriotism.

Instead we get bogged down with trivia that the daily news media propaganda wants us to move our attention towards. It is time to get smarter and stop this nonsense. We must take control of our own minds and move ahead into greater things other that what the past three decades of administrations have brought us before Trump came around.

If we want prosperity in Iraq, then we will see the reinstatement. But this will not happen until we also see the same in America. I have been saying this for years now so are you listening?

More news….

HADI AL-AMIRI IS GONE, ANOTHER IRANIAN BITES THE DUST…

Parliamentary sources said on Saturday that the leader of the “Al-Fateh” coalition, Secretary General of the Badr Organization, has submitted a formal request to resign from the Iraqi parliament.

The sources told Shafaq News that Al-Amiri submitted a formal request to the presidency of the parliament to resign, without further details.

Hadi al-Amiri became addicted to opium and hashish use and his condition was desperate, and he wanted to go to a European sanctuary and his efforts failed because of the existence of arrest warrants against him and now arrangements are being made for his transfer to India and the disaster that all his money in Iran disappeared after the killing of Soleimani and his financial official.

More news….

CENTRAL BANK OF IRAQ HAS DECIDED TO STOP THE AUCTION OF FOREIGN CURRENCIES

The Independent / - An informed source confirmed that the Central Bank of Iraq management has finally decided to stop the auction of foreign currencies after the Iraqi economy was subjected to severe setbacks due to the Corona pandemic and the drop in oil prices to record levels, and the Central Bank followed a failed monetary policy.

The source, who spoke on condition of anonymity, said to Al-Mustaqila that the central bank governor has been subjected to great pressure in the past few days by many political blocs, the media and economists because of his unjustified insistence to proceed with the foreign currency auction window despite all the losses and risks incurred by the economy Iraqi.

The data published on the website of the Central Bank indicates that the last date for which a currency auction was held was on Thursday, 21/5/2020, when more than $ 180 million was purchased and more than 30 banks participated in the auction.

Below is the link for the results of the foreign currency sale window https://cbi.iq/currency_auction/all

More news….

{International: Al Furat News}

“We participate in the financial burden that ensures an immediate Iraqi recovery,” Pompeo added, adding that the United States pledged last year $ 100 million to the coalition’s main stabilization program in the liberated areas.

The US Secretary of State expressed his aspiration to “deepen the partnership with the people and the Iraqi government, through a series of discussions, especially through the strategic dialogue between Iraq and the United States,” which will begin later this month.

Pompeo added that accomplishing the victory over ISIS demonstrates the value of the alliance “and stresses the commitment of the United States to lead its allies and partners towards shared victories.”

More news….

RAISE THE EXCHANGE RATE OF THE DINAR AGAINST THE DOLLAR

{Baghdad: Al Furat News} The Finance Committee in the House of Representatives revealed an upcoming meeting that brings together Prime Minister Mustafa Al-Kazemi and both the Ministry of Finance and the Central Bank to provide 10 alternatives to overcome the current economic crisis and maintain the salaries of employees without deduction, and agree on what can be implemented from those alternatives.

He added, “It is possible to RAISE THE EXCHANGE RATE OF THE DINAR AGAINST THE DOLLAR, even by a few percent that corresponds to the vision of the central bank, after deliberating between it and the financial committee on this issue, despite the first refusal of the matter as a financial policy, but the committee is trying to hold the stick from the middle and the possibility of implementing this matter even with numbers Few and gradually keep the value of the Iraqi dinar against the dollar.

(Mnt Goat – at least they are now talking to raise the value of the dinar and not devalue it as an alternative. What a turn-around!)

Al-Waeli indicated that “there is a forthcoming meeting of the Finance Committee with Prime Minister Mustafa Al-Kazemi and the Ministry of Finance next week to present those alternatives before it and implement what can be implemented from them.” He stressed that “the committee is in the process of preparing an integrated study in the light of the reports submitted by both the Central Bank on the financial crisis and the government As seen by the Council of Advisors, which dealt extensively with employee salary cuts as a solution to overcoming the financial crisis. ”

More news….

THE NAMES OF THE MINISTERS WHO WERE VOTED ON BY PARLIAMENT TODAY, SATURDAY JUNE 6TH.

The House of Representatives approved at its meeting today, Saturday, the names of candidates for the vacant ministries, where the names came as follows:

Ihsan Abdul-Jabbar Ismail, Minister of Oil

Fuad Muhammad Hussein Baki, Minister of Foreign Affairs

Ivan Faeq Yaqoub Jabro, Minister of Immigration and Displacement

Alaa Ahmed Hassan Obaid, Minister of Trade

Muhammad Karim Jasim Saleh, Minister of Agriculture,

Salar Abdel-Sattar Mohamed Hussein, Minister of Justice,

Hassan Nazim Abdel Hammadi, Minister of Culture, Tourism and Antiquities.

The Al-Ahd News correspondent added in the House of Representatives that the new ministers are now sworn in.

The Cabinet is now filled.

Prime Minister Mustafa Al-Kazemi tweet on Twitter afterwards and said:

that the completion of the ministerial cabinet is an additional motive to implement the ministerial platform. He added that completing the ministerial cabinet with the House of Representatives voting on the names we presented, is AN ADDITIONAL MOTIVE TO IMPLEMENT THE MINISTERIAL CURRICULUM, AND TO FULFILL THE OBLIGATIONS OF THE STAGE AND ABIDE BY OUR PROMISES BEFORE OUR PEOPLE WHO ARE WAITING FOR ACTIONS, NOT WORDS."

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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

IRAQ: MINISTER OF FINANCE ALI ALLAWI, WE WILL INTRODUCE REFORMS WITHIN THREE MONTHS

{Baghdad: Al Furat News} The Deputy Prime Minister and Minister of Finance Ali Allawi held a press conference in Baghdad in which he briefed the media on the Iraqi government’s strategy to address the economic and financial crisis and the reform program that it will embark on.

Allawi said at the conference that “the Iraqi government is now in the process of dealing with the accumulations of previous wrong policies, the repercussions of the Corona epidemic and the decline in oil prices, through a reform process based on justice. We will introduce reforms within three months, and we will work to implement them in cooperation with all groups of society.”

He added: “We will introduce reforms within three months, and they will be presented to the people, the cabinet, and the parliament. We will work to start reform in cooperation with all groups of society.”

He continued: “We do not want Iraq to remain a country dependent on oil as a primary source of revenue. Therefore, one of the priorities of the Iraqi government is to stimulate the private sector and enable it to play its leading role in the economy.”

He explained: “During my visit to the Kingdom of Saudi Arabia and the State of Kuwait, we discussed investment and opening up prospects for cooperation with countries in the region, we want to create a kind of balance and complementarity in investment opportunities and this is an essential part of government policy.”

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IRAQ IS MOVING TO SET NEW RULES FOR SHARING OIL CUTS

said Minister of Finance Iraqi Ali Allawi said Iraq assured the group OPEC + commitment agreement to reduce production , but asked her to take in account the conditions of economic members when sharing the burden of any cuts in the future .

The minister said that Iraq is seeking to establish new rules in the future regarding burden sharing between member states that take into account the economic situation and living standards .

Agreed organization of OPEC and a group OPEC + on Saturday to extend the cuts standard in production by one month and one until the end of July July and that at the end of the conference to contact the visible from distance .

And demanded that a group of OPEC + countries , including Nigeria and Iraq, they have exceeded their quotas production in May May and June June, the compensation that cuts further in the period from July July until September September

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FINANCE MINISTER: IRAQ WILL OPEN A NEW PAGE WITH SAUDI ARABIA AND KUWAIT IN THE ECONOMIC FIELD

The Minister of Finance Ali Abdul Amir Allawi revealed today, Sunday, the details of his visit to Kuwait and Saudi Arabia, indicating that the government is working to address the financial crisis without affecting low-income people.

Allawi said in a press conference, "HIS VISIT TO KUWAIT WAS OF AN ECONOMIC RATHER THAN POLITICAL NATURE, as Iraq will open a new page with Saudi Arabia and Kuwait in the economic field."

He added that "Iraq has a fiscal deficit estimated at five trillion dinars per month, and oil gives us approximately 92 percent of the state's revenues, while 25 percent of the national product goes to salaries and allocations," noting that "it will stimulate the private sector to play a leading role in promoting development ".

He pointed out that the government is working to address the financial crisis, through the application of new policies that do not affect low-income people. On OPEC, the Finance Minister stressed that "the OPEC agreement contributed to the triple increase in oil prices."

A press report stated that Kuwait intends to invest about 20.1 billion dinars (65.124 billion dollars) in oil projects during the five-year plan that ends in the fiscal year 2023-2024.

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DISCLOSURE OF 90 PERCENT OF CUSTOMS REVENUE REVENUE DOES NOT REACH THE TREASURY

An informed political source revealed that the value of annual imports is about $ 50 billion annually, and the equivalent of 90% of customs revenues go into the pockets of the corrupt.

The source said that "the value of annual imports is about $ 50 billion annually, while the customs duties revenue is supposed to be 8 trillion annually, which does not reach 10% of the amounts of the assumed fees." That is, 90% OF THE REVENUES GO INTO THE POCKETS OF THE CORRUPT. "

Iraq is in an economic crisis due to the Corona pandemic and the drop in global oil prices, and the government may go to external borrowing or reduce spending on employee salaries, but this money is being stolen?

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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) and now the corruption in Iraq have worked. God has guided these young men and women on the battle field. He has guided the honest, patriots of Iraq to fight for their homeland. So this new war now on our citizens is underway. New battles are raging every day over corruption. These are battles to save our societies 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 also in the United States. We must pray for our leaders that they may be anointed by the Holy Spirit and guided to do God’s work. 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 and work to bring about abundance and prosperity to their nation.

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

To bring all those corrupt to justice and pay for their crimes no matter how high up in the government they are.

To end the corona virus “man-made crisis” and to awaken people everywhere of the dark side and the tools it will use to gain power and control.

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