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🌟 “Iraq’s Momentum Builds: PMF, Oil & Gas Law, and the Road to Dinar Reinstatement” 🌟
✨ HIGHLIGHTS SUMMARY
🏛️ PMF Challenge: The Popular Mobilization Forces remain a critical U.S. concern. Washington may use the dollar as leverage to influence the next Baghdad government if its conditions aren’t met.
Recent news highlights:
“AN AMERICAN INSTITUTE: WASHINGTON MAY USE THE DOLLAR TO DESTABILIZE THE NEXT BAGHDAD GOVERNMENT IF ITS CONDITIONS ARE NOT MET”
“A US DELEGATION WILL VISIT BAGHDAD SOON, CARRYING MESSAGES FROM THE WHITE HOUSE”
“FACTIONS ‘EXPAND’ IN THE IRAQI PARLIAMENT AND IMPOSE A NEW EQUATION ON WASHINGTON”
🛢️ Oil & Gas Law (Hydrogen Carbon Law):
Kurds are pushing for voting on this long-stalled law in the next parliamentary session.
Momentum suggests it won’t block the RV, as evidence points to a favorable path for its approval.
Reference article: “THE OIL AND GAS LAW: KURDISH PRIORITIES IN THE IRAQI GOVERNMENT FORMATION NEGOTIATIONS”
💱 Parallel Black Market vs CBI Dollar Rate:
The CBI considers this issue manageable.
Once the dinar is openly traded and alternative currencies are usable, the issue will fade naturally.
🏦 Collecting 80% of issued dinars:
Ongoing efforts to return notes to the banking system are progressing.
Removing zeros and exchanging notes in-country will reduce circulating dinars by ~2/3, paving the way for the digital dinar.
Reference: “CENTRAL BANK OF IRAQ: NET CURRENCY IN CIRCULATION EXCEEDS 92 TRILLION DINARS IN ONE MONTH”
📈 Economic Outlook:
Oliver Wyman reports Iraq is entering a phase of dynamic growth and investment opportunities, aided by comprehensive banking reforms led by the CBI.
Past insights from former CBI governor Dr. Sinan Shabibi suggest that major revaluation coinciding with a FOREX reinstatement is best early in the fiscal year.
Reference: “IRAQ IS ENTERING A PHASE OF DYNAMIC ECONOMIC GROWTH AND INVESTMENT OPPORTUNITIES”
🌟 Positive takeaway:
Despite hurdles, Iraq seems positioned to address U.S. concerns and advance the RV process, with structural reforms and favorable legislative momentum aligning.
🌐 FOLLOW & CONNECT
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MNT GOAT
But let’s think positive and move along as though Iraq will be SMART ENOUGH to take care of this issue to the satisfaction of the U.S.
A thorn in the ass of Iraq: Popular Mobilization Forces (PMF) LINK
You might want to read the recent news articles titled on this subject matter:
“AN AMERICAN INSTITUTE: WASHINGTON MAY USE THE DOLLAR TO DESTABILIZE THE NEXT BAGHDAD GOVERNMENT IF ITS CONDITIONS ARE NOT MET.”
“A US DELEGATION WILL VISIT BAGHDAD SOON, CARRYING MESSAGES FROM THE WHITE HOUSE.”
“FACTIONS “EXPAND” IN THE IRAQI PARLIAMENT AND IMPOSE A NEW EQUATION ON WASHINGTON”
- Passing the Oil and Gas Law (Hydrogen Carbon Law): Even though the Oil and Gas Law is not yet passed, there is friction coming from the Kurds to push the voting on the law in the next parliament session. Weren’t they the ones that held it back for so long and objected to it. So do they now have a solid law to pass that will work? Did the Kurds finally get what they wanted all along? Even though the next session is not until the new year, I don’t believe this one would stop the RV. There is just too much evidence of a favorable momentum in the direction to get this passed.
You might want to read the recent articles titled:
“THE OIL AND GAS LAW: KURDISH PRIORITIES IN THE IRAQI GOVERNMENT FORMATION NEGOTIATIONS.”
- Parallel Black Market vs Official CBI rate of the dollar: The CBI has said many times this is not a real issue for them where it stands today. There are also hints that this issue will soon fade when the dinar is traded openly and the country can trade using their trading partner’s currencies instead of the sole dollar. So I don’t worry about this issue anymore, as it is going to resolved onece we get the reinstatement.
- Collecting nearly 80% of the issued dinars back to the banks (horded stashes outside the banking system): So again in today’s news there is news about the necessity of getting these notes into the banking system. I do not believe this issue will also stop the process of the RV, as the process of removing the zeros in-country and later the exchange of our notes, will return the bulk of these stashes back to the banks. By the way in the process of these exchanges in-country and out of country, the circulatd dinar note count will be reduced by almost 2/3 allowing the path for the coming digital dinar.
You might want to read the articles titled:
“CENTRAL BANK OF IRAQ: NET CURRENCY IN CIRCULATION EXCEEDS 92 TRILLION DINARS IN ONE MONTH”
Anyhow here is what some say is that legitimate report by Oliver Wyman. I quote from it. We must be careful not to bring rumors unless you can justify them with FACTS.
We know from former CBI governor Dr. Sinan Shabibi that he along with the IMF are the architects of the monetary reform plan for Iraq. I have breifed you on this plan many times already. More than a decade ago he said that a major revaluation of the dinar (like what we are looking for) “is best suited to occur in the beginning of the fiscal year and would most likely also be coincided with a reinstatement to FOREX”.
You might want to take a look at the recent article titled “IRAQ IS ENTERING A PHASE OF DYNAMIC ECONOMIC GROWTH AND INVESTMENT OPPORTUNITIES”
Baghdad (IraqiNews.com) – The American financial consulting firm Oliver Wyman has released a new report affirming that Iraq is entering a phase of dynamic economic growth and investment opportunities. The optimistic outlook is credited to the comprehensive banking reforms spearheaded by the Central Bank of Iraq (CBI) with government backing.
(Mnt Goat: I believe this may be the report that is referenced in the rumor. However I have not yet read the report myself and can’t verify its contents.)
English (US) ·