I have to start off with...some really good news, actually some WOW! WOW! WOW! news...we can see the path now and very clearly.
So, finally we get word that Iraq has met all it requirements to join the World Trade Organization (WTO)...
This DOES NOT make the RV imminent...all these recent activities and events matter and the RV is a “by product” of all these events not a singular event in itself...
The view is now in sight and the writing is on the wall.
So much on the wall that I do not believe anything is going to stop it short of a major disaster.
Shafaq News/ On Thursday, the Federation of Iraqi Chambers of Commerce held an economic meeting in Erbil, the capital of the Kurdistan Region (KRI).
Umed Sabah, the head of the Region's Council of Ministers Diwan, stated at a press conference attended by a Shafaq News Agency correspondent, "This meeting is part of the Regional Government's ongoing efforts to build the best relationship
between the KRI and Iraq."
"The meeting was successful and fruitful, and the trade relationship between the two sides was discussed."
Sabah continued, "We previously met with the Iraqi Economic Ministerial Council, followed by a meeting between a delegation from the Region and the federal government," confirming, "We agreed to hold another meeting in the Region's Council of Ministers."
In turn, our correspondent noted that the meeting was attended by 19 heads of theIraqi Chambers of Commerce.
If you follow most of their math on the REER (Real Effective Exchange Rate)…The worst case scenario or bare minimum it could possibly be is .76 cents...
What we are expecting is in the high $3 range or low $4 range which makes the most economic sense. I am still being told to expect higher than that.
the Export Import bank of the United states has approved $297 Million for an energy efficiency project in Iraq.
This money would not be going to Iraq if it wasn’t going to be safe and stable…and if they could not pay those loans back. They are counting on an International Iraq with a real effect exchange rate.
If you follow most of their math on the REER (Real Effective Exchange Rate)…
The worst case scenario or bare minimum it could possibly be is .76 cents...
What we are expecting is in the high $3 range or low $4 range which makes the most economic sense. I am still being told to expect higher than that.
the Export Import bank of the United states has approved $297 Million for an energy efficiency project in Iraq.
This money would not be going to Iraq if it wasn’t going to be safe and stable…and if they could not pay those loans back. They are counting on an International Iraq with a real effect exchange rate.
Very frank” talk from Al-Sudani’s advisor: They will bomb us and we will be strategically patient like Iran
"A new map is coming, whether we like it or not."
Ibrahim al-Sumaidaie, advisor to Prime Minister Mohammed Shia al-Sudani, said that the new regional map in the region “is happening, whether we like it or not,” and therefore it is necessary to invest in Iraq’s role, as it ranks second in the United States’ interests after Israel, warning that “the one who falls will fall, and do not let us fall.”
The advisor pointed out that Tel Aviv launching a strike inside Iraq instead of Iran is possible and is the most likely scenario, especially if it fails to reach an understanding with Tehran. He said that Iraq is an unarmed country and cannot do anything other than political diplomatic options due to the clear Western superiority, “even the Russian S-400 anti-aircraft missiles were unable to repel the Kremlin’s missiles.”
He criticized the actions of “some brothers who are gnawing at al-Sudani’s flanks, even though he defends them before the United States and tries to prevent a strike against Iraq.” He called for Iraq to adopt the Turkish method in dealing with the risks of war, as well as the Iranian method “which invented the policy of strategic patience.”
He concluded by saying, “The West sees us as a successful country (..) All the Americans want is for us to be an economic zone not subject to Russian military influence, or Chinese economic influence, without the existence of (sub-state) as this world is ruled by states and not armed groups, and the majority of the political forces supported by the reference are with this trend.” link
Article: "Iraq presents to the US Treasury date for abandoning the currency auctions"
The auctions will end or be abandoned the day the rate changes.
The rate will change on a Sunday morning. That's when the currency auctions will end, when the rate changes.
This article's saying the currency auctions will end by year end. They're talking to US officials...They're just making a generalized statement, saying by year end...So by the end of December...the currency auctions will end meaning the rate would have to change allowing the auctions to end...
World Trade [Organization]...one of the major things Iraq needs to really move forward towards membership is they need their MFTR [Memorandum of Foreign Trade Regime] completed...
Article Quote: "The completion of all these requirements was confirmed in March of 2024."
Iraq's next meeting is roughly November 6th through the 8th. They will...have all steps complete.
That's when they would be eligible. Their 30 days towards membership would start right around early November...Full member probably by the end of December of this year.
