MNT GOAT Highlights: Iraq Oil & Currency Updates 🚀🛢️💵
🤝 Oil Agreement Progress:
The deal between Baghdad and Erbil is a positive step to build trust and advance the long-delayed Oil and Gas Law—fingers crossed it passes soon! 🕊️⚖️
📉 Market Stabilization:
The decline in the parallel dinar market is no accident—it’s a managed effort by the Central Bank of Iraq (CBI) to stabilize the currency. 🎯🔒
💵 Dollar Control Achieved:
CBI has gained control over the dollar parallel market to align it with the official dinar rate, which is essential because the dinar is pegged to the dollar. 🔄💲
⏳ Long Road to Stability:
After 20 years of work, the CBI is very close to completing this phase, paving the way for the next stage in Iraq’s financial reform. 🚧✅