Thursday Afternoon Opinions @ 3:10 PM MDT - 9/12/2024

[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... So, take everything with a grain of salt ...  RON 

 

 

Clare  Article: "Iraqi state banks account for 88% of banking sector investments" Quote: "The Prime Minister's Advisor for Economic Affairs, Mazhar Mohammed Salih, confirmed government banks account for 88% of the banking system's investments, pointing out the necessity of reforming the banking system on the basis of market work, similar to international banks."

 

Petra  They were expecting Iraq to be IMF Article VIII compliant or at least having agreed to the obligations that requires. One of those requirements is having all restrictions lifted, which comes to Article XIV. They've been using a lot of pieces of Article VIII to get to where they are now.  But they've never accepted the article, which is very simple. It's basically a document that Alaq and Sudani agree to. They sign it and send it to the IMF accepting all portions of Articles VIII.

 

Militia Man  The IMF Article IV 2024 consultation, one of the most important things was for [Iraq] to accelerate accession to the WTO.

 

Frank26  [Iraq boots-on-the-ground report] FIREFLY: We are seeing a commercial on TV. It's 5 or 6 minutes long showing our new cards we are going to be receiving in the mail very shortly they tell us. They're showing the citizens going to banks and ATMs getting money out.  They are showing us how to do this. This informational stage we are in is like Mr. Sammy [Bank friend] said, it will last for the rest of the year.  FRANK: The commercials are now starting because Alaq has returned.