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2021-01-02 New Cover Photo

MntGoat shared a new cover photo today.

Iraqi banks undertake overdue reforms in preparation for the eventual project to delete the zeros
Simultaneously, Iraqi banks have undertaken additional measures to optimize the Iraqi economy. In the past weeks, government banks intensified calls for citizens to deposit their money in their bank branches instead of hoarding it at home.
In less than a week, state-owned Rafidain Bank raised the interest rate on deposited money from 4% to 5% so as to encourage people to deposit funds [with their] branches.
Rasheed Bank’s however, is paying a 7% interest rate on fixed deposits [TopMntGoatFan: CDs or “Certificates of Deposit”] for 2.5 years.
Rasheed Bank’s offer involves individuals, businesses, associations and other sectors.
According to the Central Bank, funds citizens have hoarded at home are estimated at 77% of those circulating in the local market.
More information in the next MntGoat Newsletter Tuesday January 5th 2021. See you then!

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2020-12-29 New Post

MntGoat’s Latest Newsletter is quietly optimistic for January action.
…I have reported on many news articles in the past months in my newsletters to substantiate that the CBI is, in fact, planning to reinstate the Iraqi dinar. The plan has not changed and this is a necessity. I will also add this is at the heart of the financial issues they are now facing in not doing it earlier….The IMF and the World Bank wants desperately to re-peg the dinar to a basket of currencies and out it on a FLOAT to control it better and level off it’s rate. This way the global community determines the rate and not the average citizen in Iraq who is open to rumors and speculation. They want to open the dinar up to the world and let the investors determine the rate.

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2020-12-22 New Post

MntGoat’s latest post includes
Todays news is all about the recent change in the CBI selling rate of the dinar. We must try to understand just what happened and why the CBI did what they did….So, what happened and why is the CBI doing this and doing it now?The answer is a brilliant move by the new CBI governor and the explanation is multi-faceted. So, I will try my best to explain all the aspects, as told to me by my CBI contact.