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The Price of Admission
By Reset Intelligence | @EXIT_FIAT
Iraq’s parliament returned from recess today, and Prime Minister Ali al-Zaidi now has about 14 days to finish building his government and finish cleaning it out before he lands in Washington.
The arrests that locked down Baghdad’s Green Zone are the opening move. The deadline behind them is the real story.
The recovery keeps climbing
The money coming back keeps rising with every arrest. This is not a single raid. It is an audit of an entire political class.
• Oil-ministry case – over $107 million recovered, plus 70 properties, vehicles and gold.
• The walls – $14 million pulled from inside the home of one deputy oil minister.
• Iraqi Airways case – a separate 19 billion dinars recovered.
• Under investigation – close to 1,000 officials, and the list grows with every interrogation.
Two doors, one lock
This month Iraq was added to the FATF grey list, the global watchdog’s register of countries with d***y-money problems. That matters, because a currency is only worth what a foreign bank will clear, and for years Iraq’s banks had lost the correspondent lines that let money move at all.
• July 5 – special session to seat the final 9 ministers, interior and defence among them.
• Mid-July – al-Zaidi flies to Washington, with a reported $400 billion energy fund on the table.
Clean the house, and the banks open the door. That is the order, and Iraq is finally running it.
The part the headlines miss
Everyone is asking whether the dinar goes up. The real question is whether Iraq can prove it is clean enough for the money to come home at all. There is a country that ran this exact play and won, and there is a reason the arrests come before the reprice, not after. That is the connection we walk through in today’s full briefing.
Read the full daily briefing free for 5 days. Sign up here: resetintelligence.com
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