Militia Man and Crew Update – August 25th

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Introduction

Hey, good evening everybody. Militia Man and Crew, and today is the 25th of August. Yeah, summer’s coming to a close. Couple more weeks and we’re going to be heading towards the fall.

Anyway, I’d like to get into some articles today. One is a little lengthy, but I think the impact is important because Iraq is basically integrating into the global financial system. It may sound repetitive, but one thing after another keeps popping up that supports this fact.

Trade and Investment Agreements

Here’s an article called “The Trade Investment Agreements to Improve the Business Environment.”

One of the components of Iraq’s reforms is to bring confidence, economic stability, and sustainability. The Iraqi Ministry of Trade has concluded a number of trade, economic, and investment agreements with relevant authorities in three foreign countries: Serbia, the United States, and Switzerland.

A proposal exists to hold a joint forum between Iraqi and American private sectors to review investment opportunities and joint projects.
Agreements include goods and services implementation of economic reforms, adoption of intellectual property standards, and the launch of E-rader, a platform to regulate market activity, enhance oversight, and protect the rights of producers and consumers.
Switzerland is involved with contracts for specialized companies to establish mills and silos, addressing population growth and food security.

Iraq’s Growth and Global Integration

Over the last 15–20 years, Iraq has made significant strides despite challenges like ISIS and political turmoil.

Key progress includes:

Accession to the TIR system (cross-border trucking).
Expansion of the Port of Fao, including the arrival of one of the largest ships in Iraqi history.
Natural gas exports beginning.
Implementation of Escata system for fair taxation.
Development of E-Government infrastructure.
Upcoming Energy Forum (Sept. 6–7) with major global energy companies attending.

Credit Rating and Investor Confidence

A critical piece of Iraq’s reform is establishing credibility with international investors.

Prime Minister Al-Sudani formed a national team to coordinate with international credit rating agencies (Moody’s, S&P, Fitch).
Iraq currently holds a B stable rating, which is positive for stability and investment.
Credit rating credibility reduces borrowing costs and builds investor trust.
Partnerships: Oliver Wyman, Ernst & Young, K2 Integrity, Rapidane Bank, Key Card – all collaborating on financial governance, security, and modernization.

Electronic Payments and Cash Reduction

A major focus of reform is transitioning Iraq into a cashless economy.

Over 18 million electronic payment cards issued across Iraq.
Between 60,000–80,000 POS terminals deployed nationwide.
Gas stations (mandated in 2024) and state institutions (mandated in 2025) are required to adopt electronic payments.
700 billion dinars generated through e-payments at oil-related institutions alone.
This reduces cash circulation, shrinks note count, and supports currency stability.

Every card swipe means less physical cash in circulation, reducing inflation and strengthening the dinar.

Tax Reform and Non-Oil Revenues

Finance Minister Taif Sami reports tangible progress in tax reform.

Iraq is aligning its tax system with international standards.
Aims to diversify revenue sources beyond oil.
Tax revenues increased by 26% in 2024 compared to the previous year.
Non-oil resources rose from 7% (2022) to 14% (2024).

Electronic tax payments support transparency, financial inclusion, and investor confidence.

Economic Reform Impact

All these reforms—digital transformation, financial inclusion, tax reform, and private sector development—are part of Iraq’s National Reform Plan (2025–2030).

Goals include:

Boosting domestic revenues.
Expanding financial inclusion.
Encouraging startups and reducing bureaucracy.
Building investor confidence with international standards.

Conclusion

Iraq’s reforms may feel slow, but in reality, progress is accelerating:

Electronic payments are replacing cash.
Note count is shrinking.
Investor confidence is rising with improved credit ratings.
Non-oil revenues are increasing significantly.

As Iraq integrates fully into the global financial system, these steps set the stage for potential redenomination, revaluation, and a stronger exchange rate.

That’s what I have for you tonight. I know it was a long read, but it’s important you understand what you own. Iraq’s progress is powerful, and reducing note count supports the real effective exchange rate in the future.

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Thank you so much and have a great day.