Latest Mnt Goat Newsletter (2024)

The puppet Biden is about to be replaced!

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July 23, 2024

Hi Everyone,

I have some news for you today !!!

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Going on over 10 years now, I have taken my own time to research and document findings about the revaluation and reinstatement of the Iraqi dinar. At this time more than ever I do not need to be doing this. I do it out of charity and love with understanding that all of us do NOT have the time to go do our own research. We are busy with our jobs, our daily lives and raising our children. So, I try to help out. But remember I too am very busy in my daily life too. I am no different, yet I take the time out each day to complete the task of research and composing my newsletter for you. This Newsletter will not survive without your ongoing support. There are more than 20,000 followers and readers on my blog. Why do the same handful only help out? Do the rest not want or care about the news I bring?

I feel we have been in a critical period of the currency reform program since January of last year 2023. Now we are in a “vital” period.  Like a game of chess, we are now in a waiting mode for the Central Bank to make their next move and rollout the second-rate change in-country to just over a dollar, that we were told is coming. Since they told us they now control the parallel “black” market, and that negotiations were successful in lifting sanctions on many Iraqi banks.

Psalm 37:4

Take delight in the Lord, and he will give you the desires of your heart.

Did you happen to miss the last couple Newsletters? Click here to go to Mnt Goat Archives.

You can see the entire Mnt Goat Newsletter Blog HERE. There is much more amazing news and RV information than just the bi-weekly newsletter.

So, for the month of July we chalked up yet thirty five (35) more major events (see below) just for this period of late June into July so far. Are you listening? Are you taking note?

If you want to take a look at the previous list of events for previous months we have never seen such progress, please click on the LINK HERE to get to this blog page to read all the other events since December 2022. It all started here in December 2022.

STATUS OF THE RV

I wish I had some fantastic news for you today. Iraq just keeps moving along. In the recent past my CBI contact told me they intended to launch a new third strategy for reforming and developing the banking sector for the years 2024-2026. At that time, it was also told to me that this would be kicked off by the Project to Delete the Zeros in mid-June and so we still wait. Meanwhile in other conversations since we were told why the Project to Delete the Zeros is stalled. I will not get into details of these reasons again today as I feel we must just buckle down and wait for this Biden administration to end, at least the part that is controlling the US Treasury and pretending to work with Iraq.

Again, I have to ask as to why the reinstatement has not already occurred, if no other rate on FOREX than to reflect the assets of the oil rentier economy already established and ongoing as we know it prior to 1990. Prior to 1990, the rate of the dinar was hovering around $3.22. So why are they still artificially suppressing the rate now? Now, it’s 1/6 of a penny? The war has been over for 21 years, all of Chapter VII sanctions are lifted a year and a half ago, Iraq is producing 1/3 more oil than in 1990, their monetary reserves are the highest in history, up to 150 tons of GOLD and many more other marketable assets are now in motion. Oh…did I mention the de-dollarization and all the banking and anti-corruption measures already put in place. I believe it is this “all or nothing” attitude that is holding back Iraq as it needs its currency back online now. This is especially true for attracting foreign investors. It does not take a rocket scientist to see it.

So today let’s just sit and realize reality. Joen Biden may not even be alive as far as we know. He has not been seen in public for close to a week now, which is very unusual for any president, even FDR during WW2. He or someone is pretending to be Joe, is using social media to communicate with the citizens. No this is not some backwards third world country, this is actually happening in the U.S.A. right now!

What is the latest news?

In the recent news there is always one or two articles that stand out that we need to address and talk about. The most important today is titled –“ AL-NUSAIRI: IMPLEMENTING BANKING REFORM STRATEGIES IS THE MAIN PILLAR FOR REFORMING THE NATIONAL ECONOMY”. If you can please take some time and go read the article in the Articles Section of today’s Newsletter and then come back and read my discussion on it below.

The news from Iraq this period tells us the advisor to the Iraqi Private Banks Association, Samir Al-Nusairi, confirmed on Monday, just yesterday, “that the banking reform and development strategy is the main pillar for reforming the comprehensive national economy.”

But we all already knew this, didn’t we? Iraq has been telling us this for years now and emphasizing it over again and over again and so again in today’s news. Their third strategy of banking reforms is based on the old strategy but just more of it as this new strategy. So why not explore it and get more details on it that we might be able to track some progress and understand more clearly what Iraq is doing.

THE NEW 3^RD STRATEGY OF BANKING REFORM AND DEVELOPMENT:

Al-Nusairi said in a special interview with “Al-Eqtisad News” that “the strategy of banking reform and development is the basic pillar for comprehensive and radical reform of the national economy in line with what is stated in Article Twelve, Paragraph (7) of the government program”, which clearly and accurately stated that and I quote – “banking reform, with what it provides of a real and effective basis for the advancement of the Iraqi economy and the activation of investment through the restructuring and mechanization of government banks, reviewing their work, and stimulating and enabling private banks to be able to support investment and development in a real way.” Sounds like they have a solid plan to me. But why can’t they to get out of this stalemate and implement it fully? Is it the US that is holding them back?

I quote again – “Al-Nusairi touched on the “importance of the banking sector, as it occupies a vital position within the financial structure of the economy in mobilizing savings and financing development through its ability to flow money between the categories of the national economy, which is the basic step for economic reform.”

He pointed out “the measures currently taken by the Central Bank with the support of the government to launch its new third strategy for reforming and developing the banking sector for the years 2024-2026 according to seven main objectives, 24 sub-objectives and 75 initiatives to implement the objectives focusing on:

• achieving monetary and financial stability,
• strengthening the banking sector,
• enhancing digital transformation,
• activating electronic payment,
• enhancing financial inclusion,
• maintaining a sound financial system,
• developing the organizational structure and human resources,
• strengthening the internal and external relations of the Central Bank,
• the banking sector’s compliance with international standards.”

Al-Nusairi pointed out that “a national strategy for bank lending in Iraq for the years 2024-2029 was launched,

So have we now heard about these objectives before. Are these anything new to us? Of course, not but they must go deeper and this is what they are actually telling us now. Take for instance the digital transformation. What are the actual goals? I believe they need 100% of electronic payrolls for government employees and retirees. This way in order to get paid you will need a bank account, to which still many are reluctant to trust the banks. This will also make it cumbersome to stash and hoard money outside the banking system, as you will have to withdrawal it and it will be tracked.

Then, they need a certain % of the other population to have bank accounts and the use of debit cards. They need the ATMs installed and online, bla, bla, bla. You get the point. There is much more specific criteria only they are not telling us about it yet. Yes, we all know that Iraq has done some major work in all of these areas. But are they where they need to get according to the Barrack Obama 2012-2013 new criteria?

My question is this – Why are they mandating the strict adherence to this criteria? How many articles have we read already when the CBI says let us manage our own economy as we know what we are doing? The tell us the US is only hindering their progress not helping it. This has been their words not mine. My opinion does not matter much unless I can back it up with FACTS and I am trying to do so today.

So, obviously there is no RV yet and not back screen trading or other such nonsense, as many of these idiot intel gurus want you to believe. Again why would any investor pay up to $6 for a dinar when they can easily buy it from the Central Bank of Iraq for just 1/6 of a penny. Folks these lies just don’t make any sense. Think, think, think and use the brain God gave you.

Next, I wanted to cover some thoughts and questions on the minds of my readers. I like to publicly publish my answers on the blog since many more people can benefit from it too. I realize not everyone has been in this investment for as long as I have or many others. We have some newbies in our midst and with that comes newbie concerns.

Q & A

Question from acetone: it is not my intention to annoy or alienate , however, your assertion that there will be no change in value in country but iqd note holders out of country will essentially be immune from the delete the zeros project as they will enjoy the face value of their notes applied against the respective forex rate. This is highly problematic for the following reasons: ( bla bla bla,)…. in short, purportedly massive amounts of IQD are being retained by Iraqis and held outside the banking system as such. what would motivate said Iraqi note holders residing in Iraq to turn in their 3 zero notes for the new redenominated notes?……

Answer from Mnt Goat: Guten tag acetone. To answer your question, I need to refer you to my blog section on how the Project to Delete the Zeros will work. Please click on the link.

All the information you are seeking is there. Please spend some time and go read it. That is the purpose of my blog, to tell the TRUTH. Sorry I cannot personally hold hands and babysit thousands of people especially newbies to this investment. If you have a question already not addressed in my information presented, I will be most happy to address it. But thanks anyhow for the good questions, it shows you are concerned and can think for yourself. Good job! 😊 Remember there is a bit of common sense too we must apply here. I have been in the study of this for two decades and in close contact with the CBI since 2011.

a. Question from acetone: Historical Precedents: Historically, redenominations typically affect all holders of the currency equally, regardless of their location.

Mnt Goat Answer: For the larger 3 zero notes inside Iraq the citizens will be given a time period to swap them out. There will be ONLY one IQD rate, get it? The first rate is a redenomination rate inside Iraq and it will be a change to the official CBI rate, get it. Any banks outside Iraq will have to follow the same rate. This is why they placed a bookmark or linked rate on FOREX bak to the CBI official rate. Get it. It is already in place.

Inside Iraq this official rate will be greater than the dollar. This is why they are so concerned about the parallel rate vs the CBI official rate. They need to have the official rate over a dollar, not under. This is to suck in all these 3 zero notes. People will need an incentive. Get it? If the IQD is greater than the dollar why would the citizens not swap them out? If they don’t and hold on to them then that is what happens, when it happens. No one has a crystal ball and no one can force them to do anything. But the CBI told us there will be a deadline and inside Iraq for the general population these 3 notes will expire (not null and void, just expired), so there will be a deadline to turn them in. Remember at this point the IQD is NOT yet on FOREX. I have been saying this all along. This is a two-stage process. Did you listen to me? Go read my blog. Here is the link for the process again.

b. Question from acetone:Arbitrage Opportunity: If foreign holders could exchange their dinars at face value against the forex exchange rate while domestic holders faced a redenomination (e.g., 1,000 old IQD to 1 new IQD), it would create a lucrative arbitrage opportunity. Individuals and entities would try to move their dinars out of Iraq to benefit from the higher exchange rates available abroad, leading to a significant outflow of currency.

Mnt Goat Answer: NO, you are wrong, wrong and wrong! Why would they move them out of Iraq? At this point the dinar would not yet be on FOREX. The only banks that would take these three zero notes would be the banks inside Iraq. American banks, if they take them, would give the same official CBI rate at the time too. They would use the linked rate on the FOREX Benchmark back to the official CBI rate, which would be the Iraqi swap out rate inside Iraq, yes the same. So, I am missing your point here and you are not making any sense. Please go read the process of the Project to Delete the Zeros on my blog. All the information is there.

c. Question from acetone:Currency Hoarding: Iraqis with large holdings of 3-zero notes would be incentivized to keep them rather than exchange them domestically during the redenomination process and instead find ways to move the currency outside of the country.

Mnt Goat Answer: Again, go read my answer to b. Go ahead and move it outside the country. What good would it do them? They are still going to get the same rate as inside Iraq. There will NEVER be two rates. You have been listening to all these other stupid intel gurus out there. They are mixing your head up. Please go read the process of the Project to Delete the Zeros on my blog. All the information is there.

d. Question from acetone:Illicit Currency Movement: There would likely be attempts to smuggle these 3-zero notes out of the country to take advantage of the alleged higher exchange rate for foreign holders.

Mnt Goat Answer: Again go read my answer to b. Go ahead and move it outside the country, if you even can. What good would it do them? At this point in time there is no other rate than the official CBI rate, which is the swap out rate. Please go read the process of the Project to Delete the Zeros on my blog. All the information is there. If they waited for FOREX rate then go read answer to e. and f. below.

e.Question from acetone:Black Market Development: This situation could lead to the development of a black market for pre-redenomination notes, both within Iraq and in neighboring countries.

Mnt Goat Answer: YES, this could happen and probably will to some extent. But I don’t think much and here is why – Go read my answer for f. below.

f.Question from acetone:Economic Disruption: The refusal to turn in 3-zero notes could disrupt the redenomination process and complicate economic stabilization efforts.

Mnt Goat Answer: First I need say why in hell do you think this process is taking them so long to do? Why does the CBI keep saying the conditions must be just right to do it? Get it? You are answering your own questions with your questions. YES, this could happen and probably will. Some citizens will still hoard their notes and refuse to turn them in. But this will bite the in the ass later. Here is why. They will figure out the next step and wait for the FOREX rate. Once the swap out is done and expires, the CBI official rate will be the FOREX rate.

PAY ATTENTION à Oh… but here’s the catch 22. They can’t take them to Iraqi banks because they will no longer take them after the deadline to turn them in. Get it? So how can they get the FOREX rate? Black market? Yes and this will happen to some if they have just a few smaller notes, but I don’t think the black market is going to pay them out millions of dollars, do you? Really? Do they even have that kind of cash laying around. Remember when we exchange ours it will be just digits only on a screen. Get it?

So, then what will they do in side Iraq if they refused to turn them in by the deadline? They will try to smuggle them out of Iraq and if caught they will be confiscated and so good bye currency. This is illegal money laundering. Get it? This will be told to the citizens. You can’t predict what all the people would do all the time. There will be exceptions. Again, what is your point? Are you just negative or what? Is your glass half full or half empty?

g.Question from acetone:Enforcement Challenges: Iraqi authorities would face significant challenges in preventing the outflow of old currency and enforcing the domestic exchange of notes.

Mnt Goat Answer: yes, this could happen and probably will. No one said this sway out is going to be completely easy or smooth. Get it? So, what’s your point. Do you think this process of the swap out is going to be so smooth or can even be so smooth? Are you just a negative person or what?

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Question from John Tanner: quite frankly, my concern is counterfeiting of the 25k and 50k notes. Mnt Goat is this a potential issue? are there perfect counterfeits out of Iran/China/North Korea floating around out there?

Mnt Goat Answer: Guten tag Mr Tanner. If you are so concerned bring your dinar into a main bank branch and have them test them or authenticity now. This is why the banks exist to provide such services.

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Comment from John Tanner: bleednred1, you are correct about the short term gain. long term it destroys the dollar and america’s economic status on the world stage. Trump would not sell out this country for a short term gain. on the other hand, biden may be desperate to allow this RV/RI for a chance at re-election.

Mnt Goat Answer: Guten tag Mr Tanner. Come’on folks. Let’s get real! Stop dreaming and speculating! Biden is now out of the race. Harris will not last long and then what are the crooked democrats going to do. They are a mess just like the mess they created for America in their 3.5 years in control. God is serving justice and I can’t help you if you can’t see it. I refer you to Timothy Dixon’s prophecy what is going to happen and, if it is going to happen, must happen in the next 4 months at some point or not at all. I will say this- the chances of the RV happening while the democrats are in power is slim to none! ☹ I have strong knowledge from my CBI contact this is what has been holding up the RV. The US Treasury will NOT release it. Sorry!

What can we investors do to help in the RV situation?

We must now buckle down and pray and pray like never before for the success of Al-Sudani and his agreements with Washington are implemented. You do want the RV don’t you? Pray for Iraq and also the U.S. in that there are strong enough representatives in Congress and the Senate who will stand up and continue to fight to uphold the US Constitution and keep fighting this Washington corruption. Pray that that God’s Hand will intervene and save our great country. Remember you can say the Rosary daily or use the prayers and links I provided from the Auxilium Christianorum for your prayers. Of course there is also your own form of prayer too. Folks your prayers so far ARE WORKING and God has heard our cries. Just look at all the progress made just since December 2022 when Iraq announced they were finally entirely out of Chapter VII. And now in 2024 the spigot is wide open the final issues preventing the reinstatement are being dealt with one by one. Can you see it too. I am trying my best to help you see it. We don’t’ need this foolishness of this speculative crap or everyday / any day garbage intel confusing us. You think this is all just coincidental? God’s Hand is at work here. He has given Iraq his anointed leader Al-Sundani to help in his work. Even I have to sit back in amazement of what he has accomplished so far. Pray for him and all his success. Let see what July brings us.

Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,

Just the FACTS!

Prophet Julie Green brings us news from God:

What is coming next and what can be expect the rest of this summer?

Click on the picture to watch the prophecy

If you are still asleep after watching this prophecy I can’t help you.

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BRACE YOURSELF FOR WHAT’S COMING IN 2024

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THE RNC BEGINS IN MILWAUKEE, WISCONSIN AS TRUMP ANNOUNCES Ohio Sen. JD Vance AS VP PICK

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IF YOU ARE TOO ILL TO CONTINUE TO RUN IN THE PRECIDENTIAL RACE, MAYBE YOU ARE TOO ILL TO CONTINUE AS PRESIDENT?

Many feel, me included, that Biden should have resigned as president altogether in light of his health and bad policies.

But you decide, I am only here to bring the TRUTH.

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NEW FINDINGS ON DONALD TRUMP’S ASSASSINATION ATTEMPT DON’T ‘ADD UP’

WHAT IS GOING ON HERE?

Secret Service director resigns after Trump assassination attempt

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‘BROKEN OLD, POOPY’: THE VIEW HOST ROASTED OVER LATEST TRUMP REMARKS

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BIDEN DROPS OUT OF PRESIDENTAL RACE LAST WEEKEND

GOOD BYE OLD PUPPET, HELLO NEW PUPPET

‘THEY LIED TO YOU’: SKY NEWS HOST EXPOSES DEMOCRATS AS BIDEN WITHDRAWS FROM RACE

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‘IS HE DEAD OR ON HIS DEATHBED?’: GROWING CONCERN FOR BIDEN AFTER HE ‘DROPPED OFF THE MAP’

Remember what Joe said weeks ago -“I will leave the race only under my dead body”. Did he get his wish? I hope so….opps… I wasn’t supposed to say that…lol..lol..lol…

THE 25^TH AMENDMENT IS ON THE TABLE FOR BIDEN AND WILL BE SUPPORTED BY THE HOUSE, SHOULD THE CABINET INVOKE IT.

Remember that even though Joe Biden may drop out of the presidential race soon, there are still over 3 months prior to the election and nearly 5 months remaining of his presidency, if you can even call it a presidency…..

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REMEMBER THE PROPHECY I TOLD YOU ABOUT OVER A YEAR AGO CONCERNING THIS SITUATION OF INVOKING THE 25^TH AMENDMENT?…. IS THIS NOW ABOUT TO PLAY OUT?

Timothy Dixon Prophecy:

As the prophecy foretold: Biden will die (how will he die?) and they will try to hide it. They will cover it up. Kamala Harris will get aggressive when she finds out he is dead and want to be president. She is next in line. They deep state will say “no” we need Biden a bit longer.

But he is dead, she will say… I am the president! I am now president! They will try to force her not to talk about it and she will talk and finally expose the entire scam to fake that Biden is still alive. This scam is TREASONOUS and will the be the end to all of them. Of course, I am paraphrasing. In case your forget about this prophecy, you can watch the video of the prophecy by Mr. Dixon yourself. Here it is below.

Will the deep state actually murder Biden to get him out of the race for presidency? Short of him voluntarily leaving or getting the 25^th amendment, this may be the case. The prophecy does not say how he dies but unexpectedly, so it could just be a natural death. Heck, he looked half dead at the debate last Thursday….lol… Seems impossible you say? They will do ANYTHING to stay in power. Afterall Joe is old and fragile, it would look like a natural death.

Remember what the prophecy says – in the process of working through the 25th Amendment this will all happen. So, will the cabinet now push the Senate to go for the 25^th amendment? Will the pressure after this debate be so great by the public, they will have no choice? Then the prophecy begins…… Let’s watch this saga play out and see what happens.

Part 1:

Part 2:

Note: You may also want to listen carefully to the prophecy by Barry Wunsch today. He also has a bit of information that ties together the Timothy Dixon prophecies on this subject matter. I said WOW! when I made the connection. You may also feel the same. These prophecies often work in tandem as God givens insight to many of his prophets on the same subject matter.

I also want to note again Biden must be gone prior to getting the RV. He is not going to release permission for Iraq to reinstate the dinar while he is in office. But please don’t go off half-co*cked again and think this is the only problem holding up the RV. There are others. But getting the US Treasury to constructively help them would be a huge step.

NIGEL FARAGE’S FIRST SPEECH IN PARLIAMENT

Wins conservative MP seat in parliament for UK. Remember Nigel retired and came back to politics to end the corrupt government.

Latest Developments in the terrorist war against Israel

MINISTER OF FINANCE: THE GOVERNMENT IS WORKING TO CREATE AN ATTRACTIVE ENVIRONMENT FOR FOREIGN INVESTMENTS

Finance Minister Taif Sami Mohammed confirmed on Sunday that the government is working to create an attractive environment for foreign investments.

(Yes, and the WTO asked Iraq to modify their investment law years ago, to which as of today, has not yet done so. How much longer are we going to hear this stagnating talk. How about doing it? )

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US-IRAQ JOINT SECURITY DIALOGUE BEGINS IN WASHINGTON

The US Ambassador to Baghdad, Alina Romanowski, announced the start of the joint security dialogue between the United States of America and Iraq in Washington, today, Monday.

Romanowski said on her account on the “X” platform, “Security officials from the United States and Iraq will discuss the future of the international coalition mission and strengthening security cooperation between our two countries.”

Negotiations between Baghdad and Washington resumed last February, with the adoption of a deliberate and gradual reduction, leading to the end of the mission of the international coalition forces to combat ISIS, according to official Iraqi statements, to be followed by two other rounds in March and April.

There are about 2,500 American soldiers in Iraq, as part of the international coalition led by Washington since September 2014. The soldiers are distributed across three main sites in Iraq: Ain al-Assad base in Anbar, Harir base in Erbil, and Camp Victoria adjacent to Baghdad International Airport. In addition to the American forces, there are French, Australian, and British forces operating within the coalition forces, and others within NATO in Iraq.

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FINANCE MINISTER TO US EMBASSY: IRAQ HAS GREAT ECONOMIC POTENTIAL

Finance Minister Taif Sami received a delegation from the US Embassy today, Sunday, to discuss ways to enhance economic and financial cooperation between the two countries, in addition to discussing a number of issues of common interest.

According to the ministry’s statement, a copy of which was received by {Euphrates News}, Sami stressed: “The Iraqi government’s keenness to strengthen its relations with the United States in various fields, including the economic and financial fields.”

She pointed out that “Iraq has great economic potential, and that the Iraqi government is working to create a favorable investment environment to attract foreign investments.”

For their part, the delegation stressed the “United States’ readiness to support Iraq in its efforts to achieve economic development, expressing their welcome for cooperation with Iraq in various fields, including the financial and business sector.”

The statement said, “The meeting discussed the challenges facing the Iraqi economy, ways to enhance American investment in Iraq, and cooperation in the field of combating money laundering and terrorist financing.”

(Ok, nice to have meetings. Yes meetings, after meetings and yet more meetings, yet nothing really changes to anyone’s great benefit. How many more discussions and meetings? Are you tired of it yet? Hey…Iraq and US stop dragging the tail and bring some real, tangible progress to Iraq. Oh…but would this interfere with your schemes of corruption? Is that why all the delays?)

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AL-NUSAIRI: IMPLEMENTING BANKING REFORM STRATEGIES IS THE MAIN PILLAR FOR REFORMING THE NATIONAL ECONOMY

The advisor to the Iraqi Private Banks Association, Samir Al-Nusairi, confirmed today, Monday, that the banking reform and development strategy is the main pillar for reforming the comprehensive national economy.

Al-Nusairi said in a special interview with “Al-Eqtisad News” that “the strategy of banking reform and development is the basic pillar for comprehensive and radical reform of the national economy in line with what is stated in Article Twelve, Paragraph (7) of the government program, which clearly and accurately stated that (banking reform, with what it provides of a real and effective basis for the advancement of the Iraqi economy and the activation of investment through the restructuring and mechanization of government banks, reviewing their work, and stimulating and enabling private banks to be able to support investment and development in a real way).”

Al-Nusairi touched on the “importance of the banking sector, as it occupies a vital position within the financial structure of the economy in mobilizing savings and financing development through its ability to flow money between the categories of the national economy, which is the basic step for economic reform.”

He pointed out “the measures currently taken by the Central Bank with the support of the government to launch its new third strategy for reforming and developing the banking sector for the years 2024-2026 according to seven main objectives, 24 sub-objectives and 75 initiatives to implement the objectives focusing on:

achieving monetary and financial stability,

strengthening the banking sector,

enhancing digital transformation,

activating electronic payment,

enhancing financial inclusion,

maintaining a sound financial system,

developing the organizational structure and human resources,

strengthening the internal and external relations of the Central Bank,

and the banking sector’s compliance with international standards.”

Al-Nusairi pointed out that “a national strategy for bank lending in Iraq for the years 2024-2029 was launched, aiming to increase credit granted to the private sector by 4% of the non-oil GDP, which is equivalent to approximately 7 trillion dinars, and the second goal is to increase credit to small and medium enterprises by 3% of the non-oil GDP, which is equivalent to approximately 5 trillion dinars.”

He stressed that “the new mechanisms depend on organizing the granting of loans to develop small, medium and micro enterprises by relying on and relying on a new approach to determine the basic objectives of economic development, evaluating the current situation of private sector financing, and benefiting from international experiences in this field, as well as continuing the procedures and using monetary policy applications to control the exchange rate and reduce the gap between the official rate and the parallel rate towards reaching the targeted and balanced exchange rate.”

Al-Nusairi explained that, “If it were not for the many services provided by the banking system in developed countries, these countries would not have been able to achieve the progress and economic growth they have achieved.”

He explained that “the strength of the banking structure has become a necessity for building a prosperous economy that adopts modern systems and sound sustainable development. The development of banking habits and awareness of the importance of developing banking institutions in a way that ensures the building of a national savings base and develops the financial resources necessary to build the economy have become priorities for decision-makers.”

The advisor to the Private Banks Association continued: “The soundness of the banking system and the mobilization of sound decisions in the field of economic policies towards developing and modernizing banking systems ensures the achievement of momentum in the world of real and financial investment, which stimulates financial and monetary markets, which leads to attracting foreign capital seeking profit. Therefore, the decision-maker should take the necessary measures to fortify and strengthen local banking systems in a way that makes them capable of facing the challenges of transferring capital to and from abroad without causing money laundering or smuggling foreign currency, and then increasing the profitability of financial and banking institutions and strengthening the structure of the gross domestic product, which is what the government and the Central Bank are currently active in.”

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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.

God Bless,

Auf Wiedersehen

Much love to ya all,

Mnt Goat