✅ RVHIGHLIGHTS SUMMARY — Iraq Reinforces Constitutional Path Forward
| ๐ฎ๐ถ Baghdad
๐️ Presidency Statement: “Iraqis Have No Choice But the Constitution”
On the 20th anniversary of Iraq’s 2005 constitutional referendum, the Presidency of the Republic issued a firm statement reaffirming that the only legitimate path for resolving disputes in Iraq is through the Constitution.
๐ Key Points From the Presidency Statement:
October 15, 2005:
Marked a historic referendum where Iraqis approved a democratic, federal, parliamentary constitution—shifting from dictatorship to democracy.Unity Through the Constitution:
The Constitution is described as:A national consensus
A social contract between all ethnic and religious groups (Arabs, Kurds, Turkmen, Christians, etc.)
The only foundation for maintaining sovereignty, stability, and unity
Call for Legislative Action:
The Presidency urged the Council of Representatives (Parliament) to pass several key laws, including:๐ง⚖️ Federal Court Law
๐ฉ Empowerment of Women Law
๐ง Supreme Water Council Law
๐ Amendments to Narcotics Law
๐ Iraq Creativity Award Law
๐️ Residential Land Division Law
๐️ Federal Council Law
๐ฐ Corruption Recovery Law
๐ณ️ Implementation of Article 140
๐ข️ Oil & Gas Law
Vision for the Future:
Emphasis on a modern democratic state
Call for political unity from southern Iraq to Kurdistan
Urges lawmakers to complete constitutional legislation
Reinforces that state-building efforts are ongoing but resilient
๐ง CONTEXT & RV INSIGHT:
This statement reinforces political and legal stability — a necessary foundation for economic reform, currency restructuring, and foreign investment.
Passing the Oil & Gas Law and Article 140 = ๐ for federal harmony
Removing outdated Ba'ath-era laws = ✅ modernization
A functioning constitutional state increases Iraq’s WTO readiness, strengthens investor confidence, and supports financial sector reform
All of this is in alignment with IMF & World Bank guidance
๐ TAKEAWAY:
๐ Iraq is doubling down on its Constitution as the framework for national reform.
This enhances governance credibility, necessary for any currency revaluation or economic reset.
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๐งญ “No other choice but the Constitution” = No shortcuts. Iraq is choosing the rule of law over chaos. And that's good for the Dinar.
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