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Mnt Goat News Brief (Political Rant Removed) 6/23/20 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Mnt Goat News Brief (Political Rant Removed) 6/23/20

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Mnt Goat News Brief (Political Rant Removed) 6/23/20 Empty Mnt Goat News Brief (Political Rant Removed) 6/23/20

Post by RamblerNash on Tue Jun 23, 2020 8:43 pm

Hi Everyone,

I bring you much news today.




(Political Rant Removed)...




More news….

UPDATE ON THE REVALUATION OF THE IRAQI DINAR

The news this period is all about getting more pressure on the government (GOI) to assist the private sector to prosper and to get off oil as the sole source of revenues. Many articles telling us all kinds of rumors as to how they intend to find the salaries for June. These salaries are due next week. Will they have the money? NO – they are not borrowing from outside Iraq. Nor can they borrow any more internally either from the banks.

The WOW news of the week is the CBI has finally spoken up. They issued a “white paper” again on the financial sector of Iraq. It is all very good as they talk about going international and completing the “project to delete the zeros” in the “coming period”. So again, we just have to sit tight and wait it out. Please, please, please don’t sell you dinar. You are already RICH only you have to wait a bit to go to the bank. We are slowly progressing to the end of this ride and it will not be much longer. How much longer? We are now seeing many of the reforms we could only pray for these last couple years. Yes, they are actually doing them.

All I can tell everyone NOW is it will be much sooner than later and certainly not January 2021.

More news….

TEHRAN: IRAQ PAYS IRAN'S DUES IN DINAR

The head of the Iranian-Iraqi Chamber of Commerce Yahya Al-Ishaq announced that, according to a bilateral understanding, Baghdad will pay Tehran’s dues in the Iraqi dinar.

Al-Ishaq said that the TWO SIDES AGREED TO PAY TEHRAN’S DUES IN VARIOUS CURRENCIES, ESPECIALLY THE DINAR, and that the Iraqi side expressed full preparedness in this aspect.

He pointed out that Iran's exports to this neighboring country ranged between 8 to 12 billion dollars annually, part of which belongs to the Ministry of Energy, and although oil makes up the majority of Iraqi exports and is denominated in dollars, AMERICA HAS IMPOSED RESTRICTIONS ON IRAQ WITH REGARD TO DOLLAR TRANSFERS.

More news….

REPORT MONITORING INDICATORS OF THE DECLINE IN IRANIAN INFLUENCE IN IRAQ

Most notably the reorganization of the popular crowd

The Persian-language Kayhan-London newspaper published a report in which it indicated the decline in Iranian influence in Iraq, in light of the developments of the current political scene, noting that "the factors that underpin the Iranian regime to extend its influence in Iraq are falling apart one after another." 

More news….

AL-KAZEMI TWEETING: NO STEP BACK FROM THE LINE OF ECONOMIC REFORM AND SOCIAL JUSTICE

Prime Minister Mustafa Al-Kazemi confirmed that he does not back down from the line of economic reform and social justice. Al-Kazimi said in a tweet on his Twitter account: “Iraq suffers from a chronic defect in the management of resources, exacerbated by the decline in the price of oil and the Corona pandemic.”

He added: “Our reforms will achieve economic growth and financial efficiency by stopping waste and ending harnessing people’s wealth as double salaries and granting to groups (such as the detainees of Rafha), but not others.” He concluded by saying, “DO NOT RETREAT FROM THE LINE OF ECONOMIC REFORM AND SOCIAL JUSTICE.

More news….

AN IRAQI ASSOCIATION CALLS ON THE GOVERNMENT TO COOPERATE WITH THE PRIVATE SECTOR TO BOOST THE ECONOMY

In his speech at the "IRAQ FINANCE EXPO" conference, Al-Handal said, according to a statement of the association that Alsumaria News received a copy of, that "the serious repercussions resulting from excessive dependence on oil and the adoption of inflexible economic policies, led Iraq to a tragic situation, therefore, it requires avoiding the patchwork solutions that will lead to serious social repercussions that lead the country into the unknown.

He added, "The current government requires it to cooperate with the private sector in creating the appropriate climate to lead the wheel of promoting the Iraqi economy at a faster and more effective pace,".

Full article is in articles section below.

More news….

IRAQ SUMMONS THE IRANIAN AMBASSADOR AND SUBMITS A PROTEST NOTE

The Ministry of Foreign Affairs announced today, Thursday, that the Iranian ambassador, Iraj Masjidy, has been summoned and delivered a memorandum of protest against an Iranian artillery bombardment in the border villages of the Erbil province two days ago, calling on Tehran to respect the sovereignty of Iraq and cease carrying out such actions.

More news….

POLITICIAN: AL-KAZEMI IS REQUIRED TO IMMEDIATELY ARREST THE ROCKET LAUNCHERS AND MAKE THEM A LESSON

Today, Friday, Iraqi politician Haider Al-Mulla called on Prime Minister Mustafa Al-Kazemi to immediately arrest the rocket launchers and make them a lesson.

Al-Mulla said in a tweet on his account on Twitter: "Whoever presented the fine blood in defense of the Iraqi land with all the headlines, the Iraqi army, the crowd, the counter-terrorism apparatus, and the federal police, is too sacred to be kidnapped by some bandits for narrow commercial interests !.

The Green Zone, which includes the American embassy and most of the diplomatic missions, was subject to constant targeting of Katyusha rockets by armed forces.

More news….

Advisor to the Prime Minister Hisham Daoud confirmed on Thursday that Iraq is currently achieving revenues of less than two billion dollars, while he spoke about a bilateral fact-finding committee on the killers of the demonstrators.   

"The weapon outside the official forces and the crowd is an illegal weapon, and the parties must choose either political or military action," David said during a televised interview with the "Shortest Roads" program with colleague "Nabil Jassem" and his follower, "NAS" (June 18, 2020). "Bombing of missiles is outlawed terrorist acts."

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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

THE PRESIDENCY OF THE COUNCIL OF REPRESENTATIVES SUGGESTS THE RETURN OF IRAQI ECONOMIC SECTOR ACTIVITY WITHIN A FEW MONTHS

The first deputy speaker of the House of Representatives, Hassan Al-Kaabi, suggested, on Thursday, the return of Iraqi economic activity during the next few months, while he called on the Ministry of Planning TO START DRAWING MODERN POLICIES TO BUILD THE STATE AND SHIFT TOWARDS THE BALANCE OF PROGRAMS AND PERFORMANCE.

A statement issued by Al-Kaabi office said, "Mawazine News / received a copy of it," that the latter received Minister of Planning Khaled Battal Al-Najm, and stressed the start of drawing new and new policies for building the state and redefining investment plans for Iraq after reviewing the previous classifications of the investment sector, which led to the delay of many of Projects and other pauses. "

Al-Kaabi said, "There ARE GIANT PROJECTS THAT MUST BE UNDERTAKEN BY THE STATE, ESPECIALLY IN THE OIL, ENERGY, AND PORTS SECTORS, and there are medium projects that can be carried out through local administrations such as a small and medium oil refinery at certain costs. It can be completed by investing and investing the capabilities of local banks in this regard. "

And Al-Kaabi suggested THE RETURN OF THE IRAQI ECONOMIC SECTOR, ESPECIALLY INVESTMENT, DURING THE NEXT FEW MONTHS, stressing "the importance of focusing on the agricultural sector, which started its signs of resurgence in Iraq from now on."

He pointed out that "it is necessary to search for modern mechanisms to support the local private sector in order to encourage and develop it and ensure that project profits are recycled locally."

For his part, the Minister of Planning affirmed his direct support to the Iraqi private sector, as well as the ministry’s policy towards directing intermediate projects, focusing on the provinces to carry out ongoing projects with a view to reflecting their achievement on providing services to citizens and restoring the citizen’s trust in the state.

During the meeting, they discussed the possibility of conducting field visits that include the most disadvantaged governorates, including Muthanna, Diwaniyah, and other provinces with higher poverty rates.

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

Al-Alaq: The devaluation of the dinar should not be the first line of defense to confront the financial crisis

June 19, 2020 Walter

Central Bank Governor Ali Al-Alaq

Economy News – Baghdad:

The Governor of the Central Bank of Iraq, Ali Al-Alaq, stressed that the devaluation of the dinar against foreign currencies SHOULD NOT BE THE FIRST LINE OF DEFENSE TO CONFRONT THE FINANCIAL CRISIS AND BRIDGE THE BUDGET DEFICIT.

In a letter addressed to the former Assistant Secretary-General of the League of Arab States, Legal Adviser to the Prime Minister, Dr. Fadel Mohamed Jawad, and obtained by Al-Iqtisad News, Al-Alaq said that “by VIRTUE OF THE RESPONSIBILITY OF THE CENTRAL BANK FOR MONETARY POLICY, THE STUDY AND REVIEW OF THE EXCHANGE RATE IS A CONTINUOUS MATTER from before formations of the bank and its board of directors based on in-depth studies that take into consideration all factors and variables, “noting that” the exchange rate is not a sacred matter so that it cannot be compromised. ”

He added that “the devaluation of the dinar against foreign currencies should not be the first line of defense, nor should it be a means to bridge deficits, shortcomings and failures in the performance of other financial, commercial, investment, tax and customs policies”, explaining, “easy solutions that achieve financial value should not be used LIMITED AT THE EXPENSE OF DAMAGE TO ALL SEGMENTS OF SOCIETY CAUSED BY INFLATION, ESPECIALLY THE FRAGILE AND POOR SEGMENTS. ”

He stressed that “we note the inaccuracy of the (some) account of the reduction achieved by the dinar from resources to the public budget, as the correct calculation is that we subtract from the total dollar revenues the share of oil companies, which amounts to 14 billion dollars annually and the payment of debts, interest and external liabilities amounting to more than 5 billion Dollars, in addition to the equipment and materials imported by the government, such as oil derivatives, ration materials, etc., the net of this amount strikes at the new price of the dinar, ”noting that if the dinar’s value is reduced to 1500 dinars per dollar, what the Ministry of Finance gets from the difference is 5 trillion dinars. 

He noted that “THE DEVALUATION OF THE DINAR AGAINST THE DOLLAR WILL LEAD TO PROTECTION AND STIMULATION OF THE LOCAL PRODUCT IS SOMETHING THAT MANY NOTES SUFFER BECAUSE THIS MEASURE IS USED BY SOME COUNTRIES TO ENCOURAGE EXPORTS AND IN THE CASE OF IRAQ THE GOAL IS TO PROVIDE INGREDIENTS TO STIMULATE DOMESTIC PRODUCTION AND PROTECT IT FROM DUMPING POLICY practiced by exporting countries, especially neighboring countries.

THIS GOAL WILL NOT BE ACHIEVED BY REDUCING THE VALUE OF THE DINAR because the price difference is because of the dumping policy or because of the depreciation of the currency of these countries in a very large way. ”Al-Alaq called for controlling random imports and stopping dumping policy through CONTROLLING BORDER CROSSINGS, as the number of informal border crossings is more than official and strict application of customs duties is an effective application of laws to protect the product and the consumer and anti-dumping. 

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

AL-ASAIB SENDS A MESSAGE TO AL-KAZEMI: WE WILL CLOSELY MONITOR YOUR VISIT TO WASHINGTON

Today, Saturday, the Asa’ib al-Haq movement led by Qais Khazali sent a message to Iraqi Prime Minister Mustafa Al-Kazemi regarding his upcoming visit to the United States of America next month.

The leader of the movement, Saad Al-Saadi, told Shafaq News that "our message to Al-Kazemi about his visit to Washington is to proceed with the decision of the Iraqi people and parliament regarding the necessity of expelling foreign forces from Iraq," stressing that "this matter is not reviewed or compromised."

Al-Saadi explained that "the Iraqi parliament’s decision is obligatory to implement on the prime minister, and there is no scope for not implementing it," stressing that "this decision must be the goal of Al-Kazemi's visit to the United States of America."

The leader of the League of Asa’ib al-Haqq movement stressed, "We will be closely observing the visit of Iraqi Prime Minister Mustafa Al-Kazemi to the United States of America, and we will evaluate its results, and we will have a position and a word regarding the visit and its results."

It is hoped that Prime Minister Mustafa Al-Kazemi will go to the United States of America in the middle of next July at the head of a high-level ministerial delegation to resume the second round of the Iraqi-American negotiations that started its first round on the eleventh of this month.

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

AN IRAQI ASSOCIATION CALLS ON THE GOVERNMENT TO COOPERATE WITH THE PRIVATE SECTOR TO BOOST THE ECONOMY

The head of the Iraqi Private Banking Association, Wadih Al-Handal, today called on the Iraqi government to cooperate with the private sector to develop an appropriate climate that will lead to the advancement of the Iraqi economy.

In his speech at the "IRAQ FINANCE EXPO" conference, Al-Handal said, according to a statement of the association that Alsumaria News received a copy of, that "THE SERIOUS REPERCUSSIONS RESULTING FROM EXCESSIVE DEPENDENCE ON OIL and the adoption of inflexible economic policies, led Iraq To a tragic situation, therefore, it requires avoiding the patchwork solutions that will lead to serious social repercussions that lead the country into the unknown.

He added, "The current government requires it to cooperate with the private sector in creating the appropriate climate to lead the wheel of promoting the Iraqi economy AT A FASTER AND MORE EFFECTIVE PACE," explaining that "ECONOMIC REFORM MUST BE BASED ON THE DIGITAL ECONOMY AND ACTIVATING THE PRIVATE SECTOR'S PARTICIPATION IN BASIC SECTORS SUCH AS FOOD AND ELECTRICITY INDUSTRIES." AGRICULTURE, GAS, ETC. "

(Mnt Goat – YES, YES, YES keep the pressure coming….)

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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. 

That our leaders will listen to the voice of Christ to teach them and show them the way to deal with the corruption.

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 or POLITICS 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
RamblerNash
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