STATUS OF THE RV . PART.6 BY MNT GOAT

The campaign focused on the concept of simplicity of use and security of the experience, removing the psychological and cultural barriers associated with fear of financial technology, especially in a country where a large portion of the economy still operates in cash and on the margins of banking. 

“Asreflak” gained double power because it wasn’t just a top-down decision, but rather the product of a need from below. Field monitoring showed that people were ready to embrace this change, but were waiting for trust, and now they have found it.

What more can I tell you today?

😊I find this next article interesting because once again Iraq is reinforcing the decline of the dollar. This time a finance committee member is telling us the real reasons why the decline. See article titled “THE PARLIAMENTARY FINANCE COMMITTEE EXPLAINS THE REASONS FOR THE DECLINE IN THE DOLLAR PRICE: IT IS NOT DUE TO GOVERNMENT MEASURES.”

 Member of the Parliamentary Finance Committee, Jamal Kocher, considered on Tuesday that talk about measures taken by the government that contributed to the decline in the dollar exchange rate against the Iraqi dinar is “incorrect.”

 “There are many reasons for this decline, the most prominent of these reasons is the stagnation of trade and the decline in demand for the dollar in the parallel market.” Feel free to read up on the other reasons for the decline in the full article in the Articles Section of the Newsletter.

 Remember that the current CBI “official” rate if the dinar is still at 1320 although there is some fluctuations in the ISX market to 1300-1310. The goal is still to get the parallel dollar market even with the “official” rate.

It has not yet happened but is making progress every day in that direction.

😊 Okay so now that we talked about the successful AML efforts we see that the exposure of more potential wealth for Iraq. Let’s study the article titled “HUGE UNTAPPED WEALTH… IRAQ’S TOP 5 MINES”. Just be reading the title I say WOW! WOW! WOW! But I have already talked about these other minerals to you many times already. So, today we get more details about them in this article.

Iraq’s five most prominent mines reveal a map of mineral wealth that remains untapped due to decades of security challenges that have led to the neglect of these resources.
According to a report published by the Energy Platform, Iraq’s most prominent minerals include “sulfur, phosphate, and rock salt, along with strategic minerals such as iron, manganese, zinc, and lead.” The report indicated that “despite the dominance of oil in the economy, Iraq boasts vast mineral resources concentrated in a number of mines.”

So, again lets summarize some of the wealth:

• Oil revenues (realized and untapped)
• Customs and Tariffs (can rival the oil revenues)
• Tourism (hotels, holy shrines, pilgrimages, museums, etc)
• Agriculture exports
• Development Centers / Industrial Cities (soon to generate many exported products)
• Untapped minerals (sulfur, phosphate, and rock salt, iron, manganese, zinc, lead and some rare earth minerals.)
• Gold Mines in Iraq
• What did I miss?

In summary, if any of my readers are gloomy today this Newsletter should cheer you up. I wish I could give you a date and a firm rate for the revaluation, but this will never happen. But what I can give you is HOPE. I mean realistic HOPE with FACTS and TRUTH not some intel guru every day / any day bullshit. This AML effort was a critical part for Iraq and effected the three Pillars of Financial Reforms. If you read today’s articles, they all sound like reforms of the past. In other words, already completed.