EXCERPTS OF MNT GOAT LAST POST, 12 SEPT

 If you just look at the major headlines in the news from Iraq in today’s Newsletter, you can clearly see this “Electronic Payment” process is the most important banking reformthey must now institute to some extent. We just don’t when enough is enough. 

But we will continue to read the headlines and eventually it will pop out in the news. It always does. I did not say this is the most important, but it is now at the forefront of the effort. Get it. 

With the news today how can you possibly think otherwise. We might even say it is the LAST piece to put in place in the RV puzzle to clearly see the end to this RV saga. This is why I was so excited in my last Newsletter of 9/5 and so I am even more excited today. 

Here are some of the headlines. You can go read the full articles in today’s Articles Section of the Newsletter. WOW! WOW! Five (5) articles on this topic. Really? Yes, really! 😊

“IRAQ TO FULLY ADOPT ELECTRONIC PAYMENTS TO CURB CORRUPTION”

“PARLIAMENT ASKS FINANCE AND CENTRAL BANK TO SET TIMETABLE FOR TRANSITION TO ELECTRONIC PAYMENT BY END OF 2024”

“AL-SUDANI, THE PRIME MINISTER OF IRAQ, ISSUES A NUMBER OF DIRECTIVES WITHIN THE FRAMEWORK OF DEVELOPING ELECTRONIC PAYMENT SYSTEMS”

“INCLUDING THE GROWTH OF BANKING LIQUIDITY.. A GOVERNMENT ADVISOR REVEALS 3 GOALS FOR ELECTRONIC PAYMENT”

“BARZANI TO AL-ALAQ: THE NUMBER OF REGISTERED INDIVIDUALS IN THE “MY ACCOUNT” BANKING PROJECT HAS EXCEEDED HALF A MILLION”

Knowing all this, I just want to ask a few questions:

• Do you think the implementation of the Electronic Signature and Electronic Transactions Law No. 78 of 2012 is important to fully implement prior to getting the RV and reinstatement? Just asking…. This is literally almost all they are talking about these days. YES, it’s important!!!!! of course it is. This was a rhetorical question. Read my lips…. “It’s important!” 😊 Let’s follow its implementation then and see where it gets us. Can they complete it by early 2025? There must be some plan to accelerate the process. Don’t you think?

• Do they need the Project to Delete the Zeros as their incentive to bring in the cash hoards/stashes into the banks? Can they do it without any incentive?

• What is the level of liquidity that they are looking for in the Iraqi banks to say this is finally successful? In other words how many millions of bank accounts do they need? All we can do is wait and see if they tell us.

I am going to give you a summary again of the other issues that are also on the table. They are on the near horizon and my CBI contact has also told me these are issues that also must be resolved. I hate to give these lists because it is what we don’t know that always come up later to haunt us. But anyhow here is the list as we know it today:

• Passing the Oil and Gas Law referendum, as required by their new 2005  Constitution.  

• Needed changes to The Investment Law No (13) of 2006 to meet the WTO requirements prior to full accession. We were told these change were already reviewed in parliament and then sent back to the cabinet for revisions. We wait.

• Institute the Pillars of Financial Reform in the Banking, Insurance and the Iraqi Stock Market. This goes hand in hand with the electronic banking effort.

No, the RV is NOT all done and I laugh every time I hear these intel gurus, especially this jerk TNT Tony and baaaa group of sheepie followers. What is your definition of “all done”. To me it means that Iraq is going forward with the Project to Delete the Zeros and actually in the process of doing it not just talking about it again. Get it? Do they really even have a clue what is going on in Iraq.