Ariel: Are we to Expect Major Announcements from Iraq?
Ariel: Are we to Expect Major Announcements from Iraq?
12-13-2024
Iraqi News Update
Are We To Expect Major Announcements?
Governor Ali-Alak of the CBI came out some weeks ago and stated that there is an international anticipation to celebrate an occasion regarding their monetary reform policy.
As he has also recently said that opening channels in foreign and Arab currencies achieves stability in the exchange rate and gradually eliminates the black market.
Which can only mean that since they have completed 100% of their financial obligations which was a requirement in order to move to this next phase it should not be surprising of the special meeting over the weekend involved powerful organizations.
UNICEF
UNESCO
World Bank
Etc.
And ofcourse 140 deputy ambassadors arriving in Basra. The presence of international bodies like the World Bank, as well as ambassadors, indicates the event’s importance. These organizations wouldn’t typically attend unless the event had substantial international implications, such as Iraq positioning itself as an attractive investment destination or announcing reforms that could impact global markets.
The mention of showcasing Iraq to investors could point to Iraq demonstrating progress in economic reforms, infrastructure development, and stability. This might include the following.
• Transparency measures to attract foreign direct investment.
• Policy changes to make Iraq a more competitive market.
• Highlighting sectors like oil, tourism, and agriculture for potential investors.
Listen, If Iraq plans to release a new exchange rate for the Iraqi Dinar, this event could be the stage for such an announcement. A revaluation of the dinar would attract foreign investors who have been waiting for a more stable and globally recognized currency. Do you think we are finally at the doorstep? Because it definitely appears that way in many regards.
Basra is Iraq’s economic capital, especially as it relates to oil exports. Hosting this event there could symbolize Iraq leveraging its oil wealth as a foundation for broader economic growth and reforms. Basra’s position as a gateway to the Gulf enhances its significance as a center for trade, investment, and international collaboration.
I do not know of any other time that would be more appropriate than what is to happen over the weekend. If Iraq intends to release a new exchange rate, the timing of this event suggests it could be coordinated with international acknowledgment and celebration to gain credibility and market trust. The timing right now is just to significant.
The international participation underscores the global interest in Iraq’s progress, and the showcase for investors suggests a move toward transparency and competitiveness.
Watching how this unfolds could provide clarity on Iraq’s economic trajectory and its impact on global markets. Let’s see what they have for us.
Source(s):
https://x.com/Prolotario1/status/1867686620931268628