😊PILLARS OF FINANCIAL REFORMBY MNT GOAT, 6 NOV

 😊PILLARS OF FINANCIAL REFORM

WOW! WOW! WOW! I know, I know you are also a bit sick of hearing about these three major reforms groups from the White Paper. But haven’t we also seen so much progress on these reforms too? I have been showing all the articles on these Insurance but especially the Banking and Stock Market reforms. I have been emphasizing them whenever we see them. Remember? They are still ongoing and probably will be even after the reinstatement is done.

• Consolidation of banks, mandating only “official” CBI rates, ending corruption
• Assignment of banks to foreign banks to replace the currency auctions
• Reforms of the Iraqi stock market. Implementing a new investor interface to trade

In an article today titled “FOCUS ON THE BANKING SECTOR’, and I quote from it “Yasser Al-Mutawali notes these days a growing interest in the banking sector in general, both governmental and private. What does this trend mean? This comes amidst a noticeable shift in attention towards the banking sector, through the government allocating significant time in light of its great responsibilities, which means its awareness that all economic activities, including the implementation of strategic projects and means of encouraging investment, require a solid banking sector to implement its economic programs.”

Now you heard it from Yasser and so isn’t this what I have been telling you. Now that many of these banking reforms are working the government shifts its attention and focus more to the 2024 and 2025 budgets to the “implementation of strategic projects and means of encouraging investment”.  Basically, now Iraq’s attention moves away from the banking and stock market sectors, the reforms and now to goes to the economy. All I can say is “I told you so” lol..lol..lol..!😊

WOW! WOW! WOW! Okay, so today in a very recent from a Nov 3rd article titled “IMPORTS AND DEPENDENCE ON OIL ARE OBSTACLES TO IRAQ’S ACCESSION TO THE WORLD TRADE ORGANIZATION” we read about “the financial advisor to the Prime Minister, Dr. Mazhar Mohammed Salih, said: The Iraqi economy lacks regulatory and supervisory regulations in the scope of trade relations and international requirements according to internationally approved standards”. Is this the hold up then?

Oh. But wait a second, hold your horses…. in an article from my Oct 10th Newsletter titled “THE GOVERNMENT COMPLETES THE FILE TO JOIN WTO”, in it we read that “Iraq has become an economic power that should not be underestimated, and has all the qualifications and capabilities to join the World Trade Organization (WTO) after completing all preparations for that”. So, what the hell is this recent article by Salih anyhow? What is Salih trying to tell us? Is he just trying to justify somehow the delay in the WTO full accession announce letting us think there is still much work to be done as the holdup? We are not stupid. We can read. Why is this announcement delayed? Put your thinking caps on for this one…. hint, hint GO RV!  

In would like to tell you my “opinion” but if I did and I was wrong many would criticize me and bash me. So, I bring you just the FACTS and so let the FACTS lead us to the future and see how it all plays out between now and the end of the year culminating  in early 2025 with the surprise we all pray for. Today is election day and so we begin this journey now that my CBI contact told me is planned to conduct the Project to Delete the Zeros.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/