Tuesday, August 13, 2024
Revolutionizing Iraq's Economy: A Deep Dive into the Economic Reforms of 2024 BY DINAR REVALUATION, 13 AUGUST
Revolutionizing Iraq's Economy: A Deep Dive into the Economic Reforms of 2024
In a bid to propel Iraq's economy to new heights and foster sustainable growth, the government has introduced a series of groundbreaking economic reforms in 2024. These reforms are poised to bring about significant changes in various sectors, attract foreign investments, and create a conducive environment for business development. Let's delve deeper into the key components of these transformative reforms and their potential impact on Iraq's economic landscape.
1. Diversification of the Economy
One of the focal points of the 2024 economic reforms in Iraq is the diversification of the economy. By reducing the country's dependence on oil revenues and expanding into non-oil sectors such as agriculture, manufacturing, and tourism, Iraq aims to build a more resilient and sustainable economy. This diversification strategy is crucial for mitigating the impact of fluctuating oil prices and creating new avenues for growth.
2. Investment Incentives and Business-friendly Policies
To attract foreign investments and stimulate domestic entrepreneurship, the government has introduced a range of investment incentives and business-friendly policies. These include tax breaks, streamlined regulations, and improved access to financing for small and medium enterprises. By creating a more conducive environment for business development, Iraq hopes to spur economic growth and job creation.
3. Infrastructure Development
Infrastructure development is a key pillar of the economic reforms in Iraq. The government is committed to investing in modernizing and expanding the country's transportation networks, energy infrastructure, and digital connectivity. These investments will not only improve the quality of life for citizens but also enhance the country's competitiveness on the global stage.
4. Sustainable Development Goals
Aligned with the United Nations' Sustainable Development Goals, Iraq's economic reforms in 2024 emphasize the importance of environmental sustainability and social inclusivity. By integrating sustainable practices into economic policies and promoting social welfare
BY
DINAR REVALUATION
Monday, August 12, 2024
LATEST FROM MNT GOAT, 13 AUGUST
Mnt Goat
..we read yet more articles on the banking reforms now in motion, just as I was told would take place... Yes, measures are being put in place just as my [CBI] contact told me would happen and the situation with the banks is going to be resolved, and soon.
Mnt Goat
WOW! August news from Iraq is explosive. We now see many changes to the banking system and currency auctions. This as I am told is from the pressure of the Feds and the US Treasury. ...As far as timeframes, my [CBI] contact told me to watch the progress of the banking reforms that the Feds are pushing. This includes the parallel market rate vs the CBI official rate and the currency auction levels.
Mnt Goat
My CBI contact said...that the GOI has not yet accepted his [Ali Al-Alaq] resignation and so it is not final...The news media ran off half cocked with the story... She said let’s wait and see what happens to Mr. Alaq.
If he stays, he has to agree to work with the Feds and the US Treasury and work out a satisfactory plan, then take it back the Finance Committee and explain it. He is scheduled for a trip to the US for this purpose very soon...
She [CBI contact] thinks he will remain as the proxy director for a period more... I believe he does...have the best interest of the country in mind with his policies. He has talked about reviving the Iraqi dinar to 1980’s levels. This is what we all want as investors...Let’s see what happens
Article: "PARLIAMENT RETURNS THE OIL AND GAS LAW TO THE GOVERNMENT: IT MUST ADD
PARAGRAPHS THAT KEEP PACE WITH GLOBAL DEVELOPMENTS"
Quote: "the government must work on amending and adding new paragraphs to the
law..." WOW! This is excellent news. This article shows us the Oil and Gas Law is actually farther ahead than the news has been telling us. It actually did reach parliament and the readings were conducted so far...for read more:
https://dinarevaluation.blogspot.com/2024/08/latest-from-mnt-goat-10-august.html
"INSURANCES... ARE IMPORTANT IN THE MONETARY REFORM". BY FRANK26, 13 AUGUST
KTFA
FRANK26: "INSURANCES... ARE IMPORTANT IN THE MONETARY REFORM".........F26
Borrower Insurance
August 12, 2024
For more,
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LATEST FROM BREITLING, 13 AUGUST
Breitling
The key for Iraq - For them not to be dependent on the dollar. If the economy is 100% energy then they're going to be 100% dependent on the US dollar.
How do they get their currency outside of that?
They have to open up to doing business in completely different sectors... Then they can attach that part of the economy to the Iraqi dinar. And they can add value to the dinar as they see fit. That's always been the underlying goal of what we want Iraq to do...
Breitling
I've gotten the weirdest hate mail with a capital H. You people need to just suck it up. I don't care if it's not what you want to hear... I'm just reporting what the policy in Iraq is and whether it's pushing our speculation forward or not. That's all it is. Nothing more than that.
Breitling
I beg you. Do not turn this investment into a religion and do not hide from facts...People that do that always have financial problems...You have to watch policy.
Breitling
[Iraq's] policy has changed for the very first time since we've been in this...speculation together. The policy is going to change on either side of the aisle...Iraq is going to be punished if they keep moving forward here [moving more and more pro-Iranian]. That's not good. That's not positive for us.
The Untied States is trying to influence [Iraq] to do the right thing. Hopefully they will do it and everything will be hunky-dory. Well the reality is IMO if the CBI had that influence it would have been done already. That's the problem. That's why I'm in the neutral zone. It sucks because I put my heart and soul into this. Don't think for a minute I don't feel it because I do...This could mess up the timeline and push it back, maybe even permanently if Iraq can't handle these financial problems.
https://dinarevaluation.blogspot.com/2024/08/rv-update-by-breitling-8-august.html
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