1. I gathered this information for him as he sought to secure a due diligence contract aimed at identifying deficiencies within the Central Bank of Iraq’s governance framework, which is essential for aligning the banking system with compliance standards. He mentioned that the United States Treasury had tasked the Central Bank of Iraq with the urgent need to improve its operations. My research revealed the seriousness of this initiative, especially when considering the country’s abundant natural resources. The valuation of Iraq’s minerals suggests that the current asset value and the price of the Iraqi dinar are significantly misaligned, indicating a drastic undervaluation. As the banking system undergoes reform, the foundational elements are being established, akin to laying down infrastructure before activating services. I observed that the necessary groundwork was being laid, and once completed, it would merely be a matter of timing to initiate the economic potential, which supports the case for a potential revaluation in the near future. [Post 2 of 2]
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