💥 Iraq Banking & Politics: Reform, Deals & Dollar Freedom! 🇮🇶💸
Highlights:
🏦 Banking Reform Needed: Expert Mustafa Hantoush says Iraqi banks are on the verge of liberation from dollar restrictions but need radical reforms to modernize operations and improve efficiency.
💡 Financial Inclusion: Iraq must expand beyond basic accounts, modernize procedures, and strengthen ties with international banks to integrate fully into the global financial system.
⏳ Timeline: Some banks could start freeing themselves from dollar restrictions within three months, signaling a major step in financial sovereignty.
🤝 Political Deal: Prime Minister Al-Sudani struck a deal with US officials at Sharm el-Sheikh for American support for a second term.
⚖️ Key Issues in the Deal:
1️⃣ Dissolving Popular Mobilization Forces and easing Iran relations.
2️⃣ Supporting a two-state solution recognizing Israel alongside Palestine.
3️⃣ Facilitating US investment in Iraqi oil & gas with full security guarantees.
📈 Strategic Outcome: The deal aims to stabilize governance, boost foreign investment, and pave the way for critical reforms, including the Oil and Gas Law (HCL).
Key Takeaway: Iraq is at a crossroads of financial reform and political negotiation, with potential economic and geopolitical shifts on the horizon.
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