The only thing that has historically forced Baghdad to move on structural files that have been blocked for years is sink or swim. Iraq does not revalue the dinar to dodge problems of this magnitude. The solution that will contribute to the revaluation of IQD. 1. Expanding non-oil revenue and rationalizing real spending. 2. The framework for the long-delayed Oil and Gas Law and Hydrocarbon Law will be accelerated. 3. Tighter supervision over regional revenue transfers, improved customs collection (ASYCUDA drive), and cleaning of the banking sector…4. Potential official borrowing authority with restrictions or supervision… 5. Cleaning up serious corruption and recovering stolen or public cash…It indicates that the system is finally being cleaned up, increases reserves, and lessens the need for printing or emergency borrowing. [First of two posts—stay tuned]
These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion
