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Swisher1776
@swisher1776
Respectfully, this comparison is not accurate, and here’s why:
Kuwait’s 1991 revaluation occurred after a foreign occupation and currency replacement, under a monarchal system, with an external peg restored almost immediately. That situation involved physical currency withdrawal and reinstatement, not institutional reform.
Iraq today is in a completely different framework.
What we’re seeing now is constitutional, judicial, and institutional sequencing:
- Central Bank executing monetary policy
- Ministry of Finance aligning fiscal controls
- Courts and political blocs resolving legitimacy and authority
- Caretaker limitations being clarified by law
That is not misdirection — that is rule-of-law e*******n.
No exchange rate mechanism activates without:
- legal authority
- institutional continuity
- international compliance
- banking system readiness
Political noise often increases during e*******n phases, because decisions are being locked in, not undone.
Kuwait didn’t have Basel III, FATCA, global payment rails, or modern compliance requirements. Iraq does.
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This isn’t Kuwait 2.0.
This is a modern sovereign transition under global standards.
Appreciate the discussion.
Source(s):
https://x.com/swisher1776/status/2011291858488512749
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