Why is the WTO important for our investment in the dinar?
It is important because Iraq will need an international currency in order to trade with the international markets. Please don’t tell me again that the dinar is already “international” it is not until it is reinstated on the currency exchanges and traded internationally. Get it? There is no way around this. So, let’s stop all this bullshit and nonsensical lies, all you intel gurus!
News such as this today is all of what we should expect at this time. Iraq is progressing nicely with their new monetary policies. They are having some quirks along the way and they are working through them. Prime minister Al-Sudani attendance at the World Economic Forum (WEF) is a very good sign but an unnecessary event for us. You know I much a dislike this WEF as it is the elitist trying to mold our sovereign nations to their liking and not the peoples.
The WEF is full of lies and grad sounding ideals. But nice for who, the elite so they can control us and our countries resources? So, Al-Sudani was invited to this meeting and so he attends. Much of the agenda could impact Iraq and so it is a good idea to attend these meetings. They are NOT discussing the RV, trust me. The annual meeting of the WEF is NOT all about the Iraq currency and RV. To be a member of the WTO and a global player Iraq must attend and participate in these meetings. That is all the significance of this event and so don’t read into it.
Remember I told everyone that when we hear of the official announcement of Iraq joining the World Trade Organization (WTO) they really should have an international currency at about that time or coming very, very soon. I did not say that Iraq MUST have an international currency. Did I say that – NO! It is NOT mandatory to join the WTO. Any county however, must have a currency and so Iraq already does. Get it? But we know the long-term plan is to re-peg the IQD and float it on FOREX. This is really what they need out of necessity not some WTO mandate.
Why wouldn’t the WTO also want this and want it when they bring them back to the WTO? So, let’s just stick to the FACTS and not go off half-cocked with suppositions and rumors to suit our intel. However don’t be shocked either if they do the formal announcement of the full accession of Iraq and yet they are still not yet on FOREX. Don’t let all these ignorant intel gurus out there fill you head with their gobbley goop 😊.
So, today there is an article that came out teasing us about Iraq’s accession to the WTO in the coming period. WOW! WOW! WOW! news. But NOT yet! I did not say this was the final announcement. So don’t put words in my mouth.
I quote from the article – “ Iraq is preparing for a major change in the trade file with the countries of the world and is preparing to exceed the limits set for Iraqi goods, with its return to the World Trade Organization 14 years after it was expelled” .
As you may know the Kingdom of Saudi Arabia’s mission to the World Trade Organizationis responsible for the file of Iraq’s accession. Saqr al-Muqbel, the Saudi representative, visited Iraq on Monday, yesterday and delivered a speech in which he reviewed the importance of joining the World Trade Organization. To me this is a shot over the bow- a get ready shot! 😊 A get ready announcement.
Al-Muqbil said in a press conference followed by Al-Iqtisad News and I quote – “I find Iraq’s accession to be a serious message from Iraq to the whole world, that Iraq is continuing its path of engagement with the whole world,” He pointed out that “these achievements depend on Iraq’s signals to join and accelerate its pace to find Iraq in its usual position and as one of the largest economies in the Arab region and the Middle East.”
For his part, the Iraqi Minister of Commerce, Atheer Al-Ghurairi, said and I quote again – “Iraq is taking steps to return as a strong economic player by opening relations with Arab countries and all countries of the world, (“all countries of the world” – WOW!) ” noting that “today, within a year, we were able to finalize three files and submit them to the committee related to Iraq’s accession to the World Trade Organization.” global trade in goods and services and we accomplished in one year the equivalent of more than 15 years’ work.”
He stated and I quote – “opening the doors to Iraqi goods and trade exchange through global controls will protect Iraq from entering the global market with its weight in the event that it fulfills its requirements and that our production is international and not local,” noting that currently “Iraqi goods are now not allowed to go outside certain borders, and joining the WTO is possible to reach the farthest country in the world.”
Al-Muqbil said in a press conference followed by Al-Iqtisad News, “I find Iraq’s accession to be a serious message from Iraq to the whole world, that Iraq is continuing its path of engagement with the whole world,”
So, here is my main point to the WTO announcement. They just told us they are now aggressively pushing to get Iraq into the WTO. Why now after 20 years since 2003? They told us they did the work in 1 year that would take and I quote – “global trade in goods and services and we accomplished in one year the equivalent of more than 15 years’ work”. Folks I don’t know about you but I can clearly see something is up with the currency and there is about to be a major breakthrough for us investors. How can you deny now what is about to happen. Just be patient and let it all come to us, as it won’t be long now.
Then on Tuesday, today, in another article we learn the accession committee discussed with the Saudi delegation the requirements for Iraq’s accession to the World Trade Organization, most notably the approval of the intellectual property law, which is one of the conditions for joining the organization. So we need to pay attention to parliament to take up this law and discuss it and pass it.
The Chairman of the Parliamentary Committee, Representative Ahmed Salim Al-Kanani, confirmed that Iraq has been striving hard since 2006 to join the World Trade Organization in order to raise the level of the economy in the country and make it within international standards, pointing out that Iraq has completed all the requirements for joining the World Trade Organization in 2023, and only legislation remains.
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