MZ: There is a good chance one of my Iraqi contacts will be sharing pictures of the new Iraq $20 note today . We do not want to get folks hopes up falsely.
So doing more vetting today. The conversation in Iraq is small denominations /notes. Why would they release small notes unless there is a value change?
MZ: Bond updates have been coming around 2-3 in the afternoon lately. Hopefully we have something fun to tell you tonight. I had 2 bond contacts yesterday who are looking to have their final contracts paid on or before the 10th.
In the video, the host, Militia Man, discusses significant developments in Iraq’s economic landscape as of January 2025. The Securities Commission has reported substantial growth in the Iraqi financial market, particularly in stock trading, reflecting increased confidence and investment from both local and international entities. The engagement of private sectors and international corporations is highlighted as a key factor in this growth, with a focus on diversifying the economy beyond oil. The host emphasizes the government’s strategic initiatives aimed at fostering economic stability, enhancing infrastructure, and promoting small and medium-sized enterprises (SMEs). Additionally, the video covers advancements in the postal system, digital services, and the ongoing development of major projects like the Grand Port and the Central Bank Tower, which have garnered international attention and classification as significant global projects. The host concludes with a positive outlook on Iraq’s economic renaissance, driven by collaboration with international partners and a commitment to modernization.
📈 Remarkable Stock Market Growth: The Iraqi financial market has witnessed a robust increase in stock trading activity, with the ISX 60 index rising by 20.23% in 2024.
🌍 International Investment Surge: The presence of international corporations in Iraq is on the rise, attracted by the country’s emerging market potential and improving security.
🏗️ Major Infrastructure Projects: The Central Bank Tower and Grand Port have been recognized as significant global projects for 2025, indicative of Iraq’s architectural and economic aspirations.
💼 Focus on SMEs: The government emphasizes the importance of small and medium-sized enterprises as crucial drivers of sustainable economic growth and diversification.
📦 Transformation of Postal Services: The Iraqi postal system has transitioned to electronic services, significantly enhancing efficiency and accessibility for businesses and individuals.
🚀 New Economic Renaissance: There is a push for a systematic transition towards a modern financial model that capitalizes on surplus oil revenues to support economic development.
🔒 Enhanced Banking Standards: The Central Bank of Iraq is collaborating with international auditing firms to improve banking operations and strengthen the financial system against risks.
Key Insights
📊 Stock Market Performance Reflects Confidence: The substantial growth in the ISX indices indicates a thriving investment climate in Iraq. An increase of 20.23% in the ISX 60 suggests that investors are optimistic about Iraq’s economic recovery and future potential. This trend is likely to attract more foreign investment, as stability and growth in the financial sector can lead to increased capital inflow and overall economic development.
🌐
Emerging Market Appeal: As Iraq becomes increasingly appealing to international investors, it presents an opportunity for economic diversification away from oil dependency. The influx of international corporations signals confidence in Iraq’s security and economic stability, which are critical for sustainable growth. This trend may lead to the establishment of more diversified industries, reducing vulnerability to oil price fluctuations.
🏗️ Infrastructure Development as a Growth Catalyst: The recognition of the Central Bank Tower and Grand Port as top global projects underscores the importance of infrastructure in Iraq’s economic strategy. These projects not only improve the physical landscape but also enhance Iraq’s capacity to engage in international trade, attract tourists, and create jobs, which is essential for long-term economic sustainability.
🏢 Role of SMEs in Economic Sustainability: The focus on small and medium-sized enterprises illustrates the government’s recognition of their vital role in driving economic growth. By fostering entrepreneurship and innovation, particularly in technology sectors like artificial intelligence, Iraq aims to create a resilient economy that can adapt to global changes and challenges.
✉️ Digital Transformation of Services: The shift towards electronic postal services and the introduction of national electronic cards represent a significant modernization effort in Iraq’s infrastructure. This transition not only facilitates better commerce but also enhances governmental efficiency and transparency, which are crucial for building public trust and encouraging investment.
💰 Strategic Use of Oil Revenues: The call for a new economic renaissance leveraging surplus oil revenues reflects a proactive approach to financial management. By investing these funds into sustainable development projects, Iraq can diversify its economy and build financial buffers that will help stabilize the economy in times of crisis.
🔍 International Banking Standards and Stability: The collaboration between the Central Bank of Iraq and international auditing firms is a pivotal step towards improving the credibility and stability of Iraq’s financial system. This development is expected to enhance the operational framework of Iraqi banks, making them more competitive and capable of attracting foreign investment.
In conclusion, the video presents an optimistic view of Iraq’s economic landscape as it emerges from years of instability. The focus on infrastructure, international partnerships, and the promotion of a diversified economy are key themes that suggest a transformative period for Iraq. As the country continues to implement these initiatives, it holds the potential for significant economic advancement, placing it on the global stage as an emerging market with much to offer.
First, I need to say there is no RV yet in-country or outside of the country. There are no newer lower denominations being distributed in Kurdistan or elsewhere in Iraq.
No, the ATMs are not loaded with these notes either. The new IQD rate we hope to see is not yet on FOREX. Contractors are Not being paid the new RV rate.
Please don’t listen to all this foolishness going on with these idiot intel gurus and Youtubes. They have no proof of what they say and just spread senseless rumors as they have been doing for the last decade.
Next, let’s get into the real news of this period.
So, the news this period is all VERY GOOD!
It may not be exactly what we all hoped for but nonetheless VERY GOOD. It is only early January of 2025 and we are still waiting for the news of the second in-country revaluation that they told us to expect once they get the parallel market under control.
Is it now under control?
😊Next let’s revisit this damned Oil and Gas law. Yes, I know we are all sick and tired of it.
I wish that Iraq could just pass it and get it done.
Remember that this is a constitutional requirement for the Iraqi new 2005 constitution. We have been told many times in articles that this “referendum” must be written and passed as part of the “Stability” for Iraq. I hope everyone can see exactly why they are telling us this.
You can go read the entire article today titled “
A GUARANTOR OF ZEROING OUT CRISES.. PARLIAMENTARY DEMANDS TO LEGISLATE THE OIL AND GAS LAW”. In the articlethe Kurdistan National Union parliamentary bloc called on the federal government, on Tuesday, “to expedite and send the oil and gas law to the House of Representatives for study and approval as quickly as possible.” Why the urgency?WOW, WOW, WOW! Their words not mine! 😊
The bloc’s spokesperson, Susan Mansour, said in a statement to Al-Maalouma Agency, “The enforcement of the oil and gas law is sufficient to eliminate the problems between Baghdad and Erbil,” noting that “the law was very late in being included in the central government.” This last statement is all telling.
To me it sounds like it’s one of the last, if not the last piece from the constitution to forming their new central government. Yes, it has taken this long already and enough is enough.
Anyone with half a brain can see that the Oil and Gas Law (or HCL) is NOT completed.
Really now, how can anyone say this knowing that they keep publishing these articles on this subject matter. Why do these idiot intel gurus keep telling you it's all done?
Many tell you they “assume” its all done as it no longer is in the news. But yes, it is in the news! Well… here is yet another article out of many about it and this time they are telling us its urgent. Could this be a piece of the puzzle in getting this RV that most just ignore by saying it’s done and so they don’t pay attention to it. Let’s explore this more today, okay?
This article seems to me the most urgent I have read so far on this subject matter. Why now? Folks they told us in early 2023 that they would resolve this issue that year, but here it is two years later.
Is this yet another issue that must be resolved prior to moving ahead with the currency reform? Have they set a target date for this? Are they trying to tell us something?
Okay so what do know for a FACT about this law? We know that the law had been passed on to parliament already and the first reading conducted. That was a year ago. Then it was passed back to Al-Sudani’s cabinet for changes and they are sitting on it. So far these changes have not surfaced back to parliament in the new law for a second reading.
Why? I believe it is held up because these changes are part of what we are looking for. Remember that oil revenues are not going to be the sustainable future for Iraq. They must go to other sources of revenues as they are now doing. We read about its successes in today’s articles.
Tuesday, January 7
-Iraqi stock market gets regulated to follow international law and have transparency for foreign investors
-CBI will launch remittance auction through correspondent banks
-CBI will start selling ICD bonds
-Tomorrow is Christmas in Jubilee calendar
If all above does not cause the Iraqi dinar to go into Forex
Then I don’t know what the fuck is left …
-Since they said they want to go international
-And tomorrow is the first day of the year Iraqi banks will be officially at work
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Kurdistan regional government went to Turkey for resumption of oil export
HCL
Three days ago
The secretary of USA called Kurdistan and told them to start resuming oil export
And Iraq and Kurdistan … agreed on resumption of oil export
And today Kurdistan met with Turkey on the redemption of oil export
Basically, the HCL is fully done … since it was ordered by USA