🔥 “Iraq on the World Stage: Is Global Integration Imminent?” 🇮🇶✨
⭐ Highlights
Jeff:
The Newsweek cover “Make Iraq Great Again” is being interpreted as Iraq’s formal, global-stage announcement that it is preparing to re-enter the international financial world. 🌍
The article outlines the challenges Iraq has overcome to regain economic and political stability—positioning itself for international integration.
Jeff emphasizes this as a major signal that Iraq is “very close” to going international. 🚀
Blondie:
For those planning future currency exchanges, Blondie suggests learning the difference between bank accounts (FDIC) and brokerage accounts (SIPC). 🏦📊
FDIC covers up to $250K (or $500K joint).
SIPC typically protects higher amounts for brokerage accounts.
She recommends consulting a financial advisor to decide which fits your potential exchange scenario. 💼
Pimpy:
Recaps the key conditions needed before the Iraqi dinar could rise in value:
Low inflation ✔️
Non-oil revenue diversification ✔️
Country & political stability — improving significantly under Sudani.
Notes that while the country’s stability is strong, politics remain messy, though improving. 🔍
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Jeff
That Newsweek magazine about 'Make Iraq Great Again', was Iraq announcing on a world stage how they're about to go international. That was an international announcement by the country of Iraq in Newsweek magazine how they're about to...jump back into the international world...It's important for you to understand what's in this edition of this magazine
...Iraq got back on the world stage to announce all the hurdles and challenges they had to go through to achieve stability...This is Iraq's formal announcement on the world stage of Newsweek. They're announcing they're going international and very close to doing it..
Blondie
Depending on the value of your exchange in $USD, you may want to consider having your bank (if you go to a bank) place your funds in a BROKERAGE account instead of a bank account (you'd need to open it separately).
Why?
Because brokerage accounts are insured by SIPC not FDIC. FDIC (for bank money) only insures up to $250K ($500K for joint accounts) whereas SIPC (for investment accounts) insures MUCH (much!) more. Coverage for both comes along with the account. Talk to your advisor about the differences.
Pimpy
If you remember back, I tried to explain to people things we need to look for before the Iraqi dinar could increase in value. I said they have to maintain a very low inflation rate. Which they're doing. They have to find non-oil revenue, which they're doing.
I said they had to have stability in the county, stability in politics. Sudani has definitely made it real stable there in the country. He's managed to avoid a lot of conflict thank goodness, but in politics, it's still a mess.
