STATUS OF THE RV
No, the RV has not yet happened and the newer lower denominations are no yet out regardless of what some jerks are putting out to the dinar community. If this is all you want from my blog you can leave it now. Thanks for watching….lol….
Lots of good topics to review today from recent Iraqi news such as a WTO and the Oil and Gas Law. Then also again Iraq is beating its chest on the resources it has and its tremendous value.
But I keep asking “when”? Yes, when will all these assets be reflected in the a true nominal rate of the currency of Iraq? Didn’t Basel I, II and III requirements go into effect?
We also heard in recent past articles the praising of Iraq in its efforts in combating money laundering and its efforts to reform the “Pillars of Finance Reform”. So, I ask -What is taking them so long? But we know what is coming as we read the news from Iraq. The pressure is building to revalue and reinstate the dinar.
I also have a report to give from my contact in the CBI. Let’s get started.
😊So, we read in articles more than a year ago that Iraq had met all WTO requirements. Did it really?
However today in the article titled “AL-GHARIRI: IRAQ IS GETTING CLOSER TO MEMBERSHIP IN THE WORLD TRADE ORGANIZATION ” we read the article as if there seems to be more that Iraq needs to accomplish or has just accomplished in this regard.
Minister of Trade, Atheer Al-Ghurairi, announced that Iraq has made significant progress in its path towards joining the World Trade Organization, stressing Baghdad’s serious commitment and transparency in meeting the requirements of this important international process.
Al-Ghurairi explained a team tasked with completing the accession requirements has completed answering more than 450 technical questions submitted by the organization’s members. Oh….I thought Iraq was all done?
The minister added: “The national team is fully prepared for the next round of meetings with the organization’s General Secretariat and members of the working groups,” Oh….I thought Iraq was all done?
The good part of this article is that Al-Ghariri pointed out: “Joining the World Trade Organization represents a strategic step to support the business environment, stimulate investment, and develop productive sectors, especially industrial and agricultural, which will enhance Iraq’s economic position regionally and internationally.”
I want to keep pointing out these updates on the WTO because they are NOT all done with Iraq and this is the holdup in getting the announcement of their full accession to the organization. ☹
