Friday Night Opinions @ 9:25 PM CDT - 5/07/2021

[ronscarpa]

Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what  they perceive to be happening in Iraq. RON 

 

*** Petra  ... More articles discussing France and China engagements (contracts) all are telling a very exciting story for the strength growing daily of the IQD...Many more articles... demonstrate that Iraq is getting financially stronger and truly getting their house in order under the direction of the IMF/WB/UST...

 

*** Pimpy   We already know they're implementing their white papers.  We already know they're underway into this new budget.  I know there's supposed to be some amendments but you got one group saying that's not going to be amended, others saying that they're hoping for it.  We'll keep an eye on this.  Oil prices continue to go up.  This really benefits Iraq in a lot of different ways as long as they invest the money into opening the private sector...I know they're saying no supplementary budget but I'm thinking there will be one...

 

*** Frank26  If you look at the CBI website everyday and you say to yourself, 'Oh, my goodness they just announced that they de-pegged from the American dollar...!' You should get excited...contracts and the budget are both waiting for a new exchange rate...

 

 

*** Petra   Article: "Ziad Khalaf: The Iraqi Summit For Digital Transformation Is A Gateway To The Country's Development"  This is key: "the direct cooperation between the Central Bank of Iraq and the providers of electronic lift services has contributed to the consolidation of the electronic payment infrastructure, in terms of the database, governance rules and instructions, and local and international compliance. He pointed out that the companies licensed by the Central Bank, Visa and MasterCard, and the two operators were able to support most banks in issuing international cards and portraying the reality of electronic payment services."  Key words: consolidation, infrastructure, governance, local AND INTERNATIONAL compliance, INTERNATIONAL cards...etc. Really a huge article and note...this meeting is in the past!! IMO...