Saturday, October 14, 2023

"RV UPDATE" BY MILITIAMAN, 14 OCT

 Militia Man 

 Article: "Parliamentary Energy: Work is continuing towards passing the oil and gas law"    This is going to be a big deal and it needs the same thing everyone else needs and that is the international acceptable currency exchange rate. The way they are talking on this gives me the impression they are ready for the rate, so that they can discus, read and vote on it.  Who wouldn't vote for it when it is for all Iraqi people. I am sure the priority is going to be toward a yes vote...A unanimous one at that!

Al Sudani was in Russia...one of the things he said is they're going to be doing business between the Iraqi dinar and the Russian ruble in commercial dealings...

Article VIII implicitly states no member may impose without the Fund's approval restrictions on the performance of payments and transfers related to international commercial transactions ... Article 14 implicitly indicates if the member is prepared to accept the obligations (which we haven't quite seen yet)...contained in sections 2, 3 and 4 of Article VIII it says thus the agreement encourages the free movement of capital between countries and the transfer of balances between other members...

to facilitate the performance of international payments and work to create a stable exchange rate system which provides the appropriate foreign investments...Article VIII...is the freedom of movement of capital.  If you don't have it and you're not released to get it, you're not going anywhere. 

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