"RV UPDATE: IRAQ IS STABLISHING A SOVEREIGN WEALTH FUND" BY MNT GOAT, 17 JUNE

 Mnt Goat  

 ...the economic and financial advisor to the Prime Minister, Mazhar Muhammad Saleh, proposed an “unusual” idea to establish a sovereign wealth fund. ...Unlike the CBI reserves that are mandated by the IMF to cover the government expenses in time of emergencies, the SWF is more flexible and gives an additional pad of money for stability and security. This fund will also cut down the reliance  on oil revenue and help them move more quickly out of the rentier economy.  WOW!

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  ...Just look at all the progress made just since December 2022 when Iraq announced they were finally entirely out of Chapter VII. And now the spigot is wide open...the final issues preventing the reinstatement are being dealt with one by one...my contact in the CBI told me there is a very high probability that we would see the currency swap out in this month of June and so we watch and wait.

...Iraq’s exit from the list of “high-risk countries" ...was officially announced by the International Task Force (FATF) last week.

 Yes, “the writing is on the wall” now as this is the BEST news...Iraq’s exit from the list of high-risk countries could not get any better. They are slowly clearing the way to the reinstatement, one obstacle at a time...They were not about to release the currency back to FOREX with this in place...WOW! WOW! WOW! news for us today.

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-mnt-goat-15-june_01543057161.html