Swisher1776: This is a Modern Sovereign Transition, Not Kuwait 2.0
Swisher1776: This is a Modern Sovereign Transition, Not Kuwait 2.0
1-14-2025
Respectfully, this comparison is not accurate, and here’s why:
Kuwait’s 1991 revaluation occurred after a foreign occupation and currency replacement, under a monarchal system, with an external peg restored almost immediately. That situation involved physical currency withdrawal and reinstatement, not institutional reform.
Iraq today is in a completely different framework.
What we’re seeing now is constitutional, judicial, and institutional sequencing:
Central Bank executing monetary policy
Ministry of Finance aligning fiscal controls
Courts and political blocs resolving legitimacy and authority
Caretaker limitations being clarified by law
That is not misdirection — that is rule-of-law execution.
No exchange rate mechanism activates without:
legal authority
institutional continuity
international compliance
banking system readiness
Political noise often increases during ececution phases, because decisions are being locked in, not undone.
Kuwait didn’t have Basel III, FATCA, global payment rails, or modern compliance requirements. Iraq does.
This isn’t Kuwait 2.0.
This is a modern sovereign transition under global standards.
Appreciate the discussion.
Swisher1776: IQD RV: CARETAKER GOVERNMENT ACTIVATED AS DISCLOSURE SIGNALS SUDANI ACCOUNTABILITY
The leader of the State of Law Coalition (SLC), Nouri Al-Maliki, who will head the next government, will revoke all recent decisions issued by the caretaker government led by Prime Minister Mohammed Shia Al-Sudani
Iraqi lawmaker Ibtisam Al-Hilali said on Tuesday. Speaking to Shafaq News, Al-Hilali described the decisions taken by the government and the prime minister as illegal and lacking constitutional legitimacy, citing Federal Supreme Court ruling No. 213/Federal/2025, which she said ended the fifth parliamentary term and “converted Mohammed Shia Al-Sudani’s cabinet into a caretaker government with limited authority restricted to managing daily affairs.”
The reversals, Al-Hilali stated, would include decisions related to “incorrect tax and customs fees, as well as measures suspending leave, scholarships, and employee transfers.” Iraq’s caretaking government approved a series of decisions affecting multiple sectors during its most recent session, according to documents issued by the General Secretariat of the Council of Ministers.
Among the measures, the cabinet endorsed a recommendation from the Ministerial Council for the Economy allowing ministries and entities not affiliated with a ministry to sell non-productive vehicles that are at least 15 years old.
The approval also covers the sale of all idle or surplus productive and non-productive vehicles, equipment, generators, construction machinery, and other types of machinery, regardless of their year of manufacture, across government departments. Fuel allocations for ministries, non-ministerial entities, and provincial administrations will be reduced by 50 percent from current levels.
Another decision establishes the academic certificate under which an employee was first appointed to a state institution as the final qualification for all official purposes. Degrees obtained during employment will not be recognized across government institutions and specializations, with a limited exception applied to the Ministry of Higher Education.
Additional measures include suspending transfers to the Ministries of Oil, Finance, Education, and Higher Education, as well as to any other entity where a transfer or secondment would result in increased financial allocations. State-funded overseas scholarships for all fields of study have also been halted.
Thomas Price: The Maliki information is misdirection… Just like Kuwait when they RVd and said the King is dead etc. - Kuwait 2.0
https://x.com/price_thom18702/status/2011263487956435448
Source(s): https://x.com/swisher1776/status/2011291858488512749