Monday Midnight Opinions - CST - 8/18/2025

[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 

 

 

8-18-2025   Frank26  Every day there's been progress in the monetary reform.  Every day there's been something about the progress of the Monetary reform.

 

8-18-2025   MarkZ  I had some lovely conversations today with Iraqi contacts. They are expecting and hoping for a big announcement on Tuesday on the HCL gas laws. They are being told to expect a major announcement on that front. That there was a major breakthrough. I don’t know if it means a full HCL agreement  but they are looking for some kind of announcement tomorrow.

 

8-18-2025   Clare  Article: “Al-Alaq details Iraq's banking reform plan" Quote: "Central Bank Governor Ali Al-Alaq clarified the details of the banking reform plan on Monday...After a thorough study of the plan and in agreement with international bodies and correspondent banks, we believe that banks that can adhere to these standards will have their dollar transactions lifted and will establish normal relationships with foreign correspondent banks."

 

8-18-2025   Militia Man  Article: "Rafidain Bank confirms: Our agreement with K2 Integrity puts Iraq on the map of the global financial system." The focus on a qualitative leap is likely due to the efforts taken by Iraq regarding compliance, anti-money laundering (AML), counter-terrorism financing (CML), etc. Iraq will not be isolated banking wise from the international system any longer. K2s partnership supports that Iraq is going to make a change to its currency...Completion looks to be set for show time.

 

 

[screwball]

41 minutes ago, ronscarpa said:

we believe that banks that can adhere to these standards will have their dollar transactions lifted and will establish normal relationships with foreign correspondent banks."

comply or get locked out