Walkingstick
De-dollarization gave the CBI full control of their exchange rate of their currency and it put them in Article VIII compliance.
No restrictions. Therefore there is no outside interference right now concerning their monetary reform.
Nothing can stop/delay the new exchange rate that is coming. They are now in full control of their currency/exchange rate.
The Sudanese confirms Iraq’s aspiration for more cooperation with the Arab Monetary Fund
Mawazine News – Baghdad
The Prime Minister, Mr. Mohammed Shia Al-Sudani, received on Thursday, the President of the Arab Monetary Fund, Mr. Fahd bin Mohammed Al-Turki.
In a statement in which the media office received a copy of it, Mawazine News said that his Excellency congratulated Mr. Al-Turki at the beginning of the meeting on the occasion of his assumption of the presidency of the Fund, wishing him success in his duties.
His sovereignty affirmed the government’s support for the tasks of the Arab Monetary Fund, of which Iraq is one of the founders and its second largest shareholders, after Saudi Arabia.
Mr. Al-Sudani pointed out that Iraq aspires towards more cooperation with the Fund, and that the effects of its work are reflected in the Iraqi arena, through its contribution to financing the reconstruction and development campaign that the government has launched, especially in the field of infrastructure, as well as the desire for the Fund to work to expand the contribution of Iraqi cadres in its work, and build bridges with Iraqi financial institutions.
He also stressed the importance of the Fund contributing to strengthening Arab ties by regulating financial, monetary and trade relations, in a way that enhances their common interests.
For his part, the Chairman of the Board of the Arab Monetary Fund expressed his thanks and appreciation for the warm reception, stressing the Fund’s keenness to support Iraq and participate in its development programs, and in a way that contributes to enhancing constructive cooperation in the field of financial and financing sectors.
https://www.mawazin.net/Details.aspx?jimare=258918
Mawazine News – Baghdad
The President of the World Economic Forum, Klaus Schwab, on Thursday, is one of the important countries in the Middle East and the world.
A statement from the Presidency of the Iraqi Republic received by (Mawazen News) said that “President Abdul Latif Rashid met on Thursday, the President of the World Economic Forum, Klaus Schwab, during his participation in the forum’s work in Davos.” The statement explained that “during the meeting, economic issues in the international arena and ways to stimulate the global market movement and improve the economic situation of most countries were discussed.”
The President of the Republic stressed the importance of the World Economic Forum and its role in bringing together world leaders and heads of major economic organizations and companies to achieve economic integration and conclude agreements that contribute to strengthening the economies of peoples. Rashid pointed out that “Iraq enjoys security and stability and is moving forward towards strengthening economic conditions in various fields, especially infrastructure, the energy sector,
the environment and services and improving the living conditions of citizens,” pointing out that “the Iraqi state is working to strengthen the role of investment and the private sector through legislative and executive facilities.” He added that “Iraq is considered a fertile environment for investment and economic and commercial cooperation.” For his part, Klaus Schwab praised “Iraq’s distinguished participation in the work of the World Economic Forum,” stressing that “Iraq is considered one of the important countries in the Middle East and the world, and the indicators support it in achieving development in various economic and social aspects.”
Militia Man
Article: "Great Progress has been made by Iraq in the filing of the joining of the World Trade Organization after resuming negotiations that were suspended for more than 16 years stressing this step represents a part of Iraq's vision to enhance Iraq's role in the global trading system."
They didn't do it at 1310. Are they ever going to do that?
I don't think so... Why didn't they do it years ago?
If nothing is going to change and they're going to keep it the same how are they going to pay for that?
I think it's far cheaper for Iraq to bring on a real effective exchange rate to meet compliance with Article VIII of the IMF Article IV too...I think it's pretty exciting...
