Frank26 [Iraq boots-on-the-ground report] FIREFLY: The census is now…November 20th and the 21st. We will have a curfew during those days.
Militia Man Article: “Minister of Transport announces the establishment of the Joint Maritime Authority between Iraq and Britain” …Massive amounts of trade is coming to the ports of Iraq… I suspect Al-Sudani and his teams are fully aware of the priorities needed to make it all happen.
RAYREN98 Guys it’s over, it’s done and yes I know something you don’t.
Clare Article Quote: “Mazhar Mohammed Saleh, economic affairs advisor to Prime Minister Mohammed Shia al-Sudani, described the banking system in Iraq as rentier par excellence…noting that this requires a comprehensive reform process…Saleh stressed that this requires a comprehensive reform process to create market institutions, indicating that this enables the banking market to be integrated with the international financial and banking system and become attractive to global banks on a large scale.”
Kaperoni This is a good quote from that article “The expected path of the Iraqi economy” Quote: “The most important indicator, in my opinion, is that despite all the attempts to put obstacles in the way of economic development, intentionally or unintentionally, the government is moving forward with its program, leaving all attempts at obstruction in its wake, and this is one of the secrets of success and the key to hope.”
Sandy Ingram One significant difference between Iraq and many other developing and established countries is Iraq’s consistent willingness to pay down debt. Iraq’s foreign debt has now fallen to below $10 billion dollars according to Saleh, financial advisor to the Iraqi Prime Minister…Provisions have been set aside…to ensure these obligations are met…These external debts are largely tied to the Paris Club Agreement …Iraq is on track to fully pay these obligation by 2028. Saleh highlighted the importance of Iraq’s relatively low level of foreign debt, noting it has significantly improved the country’s financial standing in the eyes of global credit rating agencies, including the US based S & P.
Jeff World Trade [Organization]…one of the major things Iraq needs to really move forward towards membership is they need their MFTR [Memorandum of Foreign Trade Regime] completed… Article Quote: “The completion of all these requirements was confirmed in March of 2024.” Iraq’s next meeting is roughly November 6th through the 8th. They will…have all steps complete. That’s when they would be eligible. Their 30 days towards membership would start right around early November…Full member probably by the end of December of this year.
Militia Man They will need to have an international IMF Article XIV and Article VIII compliant currency. One that the Central Banks can defend and likely in a very fast and efficient manner with the most advance systems in the world. The focus in the future is going to be instantaneous cross border payments 365/24/7 and no blackouts with little cost. It is now the time to be paying attention…
MarkZ [via PDK] “Al Sudani advisor indicates a significant development in Iraq’s financial capabilities during 2024” Talking about what they have accomplished with cleaning up banking, more non-oil revenues. This article is a great little victory lap.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: There are TV commercials advertising that the Kuwait dinar is at $3.58. They are talking about our new border agreement with Kuwait. The fact they bring up this rate tells me they want to talk about our new rate against it. FRANK: They are talking to you about Kuwait because they need an example to show you what is about to happen to your currency, your purchasing power, to show you what is going to happen to your exchange rate. There will be a change coming.
Bruce [via WiserNow] …we have a very strong source that is indicating that we will be notified…on Monday, which is the 30th of September this month. That’s this coming Monday, we will receive our notifications.
