Swisher1776: Iraq Finalizes Financial Infrastructure as Rate-dependent Systems Go Live
Swisher1776: Iraq Finalizes Financial Infrastructure as Rate-dependent Systems Go Live
Swisher1776 @swisher1776
IQD RV: IRAQ FINALIZES FINANCIAL INFRASTRUCTURE AS RATE-DEPENDENT SYSTEMS GO LIVE
Minister of Finance attended the Ministerial Council for the Economy
→ Signals active coordination on liquidity, treasury execution, and currency-linked decisions.
Phase III of the Unified Treasury Account (UTA) initiated
→ Final phase to unify all electronic banking platforms for government accounts under one system.
Accounting Department preparing system-wide integration
→ Ensures real-time reconciliation, centralized settlement, and rate consistency across ministries.
Customs & border crossings held a joint meeting
→ Discussed implementation of new pricing mechanisms and the advance customs declaration system.
Advance customs declaration system moving forward
→ Requires a stable and reliable currency valuation for trade and tariff calculations.
Arab & International Financial Relations Department coordinating externally
→ Follow-up with the European Bank for Reconstruction and Development (EBRD) to prepare executive agreements.
Digital transformation across ministries emphasized
→ Automation of procedures, unified accounts, and reduced cash dependency.
WHY THIS MATTERS
These steps are execution-level actions, not planning discussions.
You do not: unify treasury systems,
lock in customs pricing, or integrate international financial frameworks
unless the currency reference is finalized or imminently deployable.
This is the system lining up before the rate is allowed to move.
Preparation
Integration
Execution
