KRG to collect customs fees in Iraqi dinar exclusively, 17 OCT
Monday, October 16, 2023
All-Maliki issues a warning to Israel and Its allies, calls for aid delivery to Gaza, 16 OCT
All-Maliki issues a warning to Israel and Its allies, calls for aid delivery to Gaza, 16 OCT
Shafaq News/ Nouri al-Maliki, head of the State of Law alliance, on Monday warned Israel and its allies of the reaction of Arab and Islamic people to the situation Palestinians are facing in Gaza, and called for opening the borders to ensure the delivery of humanitarian aid to the people there.
Al-Maliki, according to a press release by his bureau, received the European Union Ambassador to Iraq, Thomas Seiler, earlier today.
During the meeting, they discussed the prospects of Iraq's relations with European Union countries and the need to strengthen them in various fields. They also discussed the ongoing events in occupied Palestine and the blockade imposed on Gaza by the Israeli forces.
Al-Maliki called on the European Union to play a role in de-escalating the situation in Palestinian territories and condemning the massacres committed by Israel against the Palestinian people.
He also warned Israel and its allies of the potential "anger of Arab and Islamic people" if violations, provocations, and escalations against the Palestinian people continue.
He called for facilitating the delivery of food supplies and relief aid to Gaza and ending the blockade imposed by Israel on the Palestinian people. He expressed Iraq's rejection for the forced displacement of Gaza residents, a demand made by the Israeli occupation forces.
Ambassador Thomas Seiler expressed the European Union's desire to expand cooperation with Iraq and hoped for the reduction of conflicts and the enhancement of stability throughout the Middle East.
Evening News with MarkZ 10/16/2023
Monday Evening News with MarkZ
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Evening all…..
Member: Hello everyone!!!! Are we ready for this to happen ??????
MZ: First I want to disprove groups receiving any dollars guys. I reached out to everybody in those different groups and nobody has received dollars yet….So, I find it doubtful that dollars are moving yet.
MZ: But, I can confirm that a number of banks are ready…even non redeeming ones. They are seeing lots of rates and rate changes with holds on them . They have been prepped and a number of bank presidents…even on smaller banks…. have commented they know it’s coming. They are telling them they have to wait until they get the “go ahead” .
MZ: A certain regional bank president told me that they expect to be able to exchange within this week. That is hopeful…and I am hopeful this is accurate. This is the best rumor I have gotten so far today. The rest of my banking contacts say they are “on notice” and feel it could happen at any time….any hour…or any minute. And they are prepared for this.
Member: my bank told me a few weeks ago that the QFS is already established in their bank. The teller told me that. she was adamant about it too and a lot of changes are coming.
Member: I just got off the phone with a VP with WF Wealth Management & Investment division….They are fully aware of everything going on. .
MZ: they are .
Member: Mark-any idea how many countries have applied to be part of BRICS?
MZ: The rumor is 44 officially but 60 that are working with BRICS. And Iraq is talking with them as well.
Membr: In my opinion Iraq will officially join BRICS by Jan 1st.
MZ: I agree with you….I think its coming sooner than later.
MZ: “ Iraq ready to join BRICS after banning cash withdrawals in US dollars” This is dated Oct 13th.
MZ: “Unpacking illegal sanctions on the Zim” Dated yesterday…about the US sanctions that have been placed on them. The whole world is waking up to the bully that the US has been on the financial front. They have weaponized the SWIFT system and the US dollar. No SWIFT is no longer Zimbabwe’s only option….
MZ: fast forward “ Breaking news” A Zimbabwe single currency is now on track” They are talking about a gold backed digital coin ….this article came out yesterday. One of the key things we have been told is all currencies will need to be sovereign…and based on a certain basket of goods. This is a big indicator for Zimbabwe.
MZ: “US to ease sanctions on Venezuelan oil” This will be big for the Venezuelan people…. To me this is confirmation that the Venezuelan Bolivar will be in the first basket.
Member: US Debt clock is showing new Millionaires every minute or so.
Member: if the white hats are in control of the US treasury …why the hold up on the RV?
MZ: That’s why I still think there is a battle going on and the white hats are not fully in control…But that is just my opinion. I could be wrong.
Member: Thanks Mark and mods for all your time …See everyone in the AM for hopefully big news.
Member: Turn out the lights ..the party's over.... Gnight
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Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.
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THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Parliament hosts CBI governor following soaring Dollar rates, 16 OCT
Parliament hosts CBI governor following soaring Dollar rates, 16 OCT
Shafaq News / The parliamentary Financial Committee announced on Monday its intention to host the Governor of the Central Bank of Iraq, Ali Al-Alaq, and the bank's top executives in the coming days.
Committee member Mustafa Al-Karaawi informed Shafaq News Agency that this week, "the committee will host Central Bank Governor Ali Al-Alaq and the bank's executives to investigate the reasons behind the erratic movements in the exchange rate of the US Dollar in the parallel market, and to identify the responsible entities for implementing the reform measures initiated by the Central Bank."
Al-Karaawi pointed out that the instability in the Dollar exchange rate has caused significant economic problems, lamenting the absence of a clear policy from the Central Bank. He stressed that it is the government's responsibility to implement the reforms outlined by the bank, emphasizing the shared responsibility between the Central Bank, governmental bodies, and particularly those involved in imports and customs checkpoints to control the exchange rate.
"The discussion with the Central Bank Governor will delve into the economic crisis, the fluctuations in the Dollar exchange rate, and the agreements made by the bank with the US Federal Reserve and the World Bank," Al-Karaawi added.
The Iraqi Dinar has witnessed a consistent and alarming surge against the US Dollar over several months, reaching its peak this month at an astonishing 1655 Dinars to the Dollar, despite the government and the Central Bank officially setting the exchange rate at 1320 Dinars for one US Dollar.
"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 16 OCT
Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: News saying within 2 months the dollar exchange rate will stabilize.
FRANK: Inside the next 2 months it’s highly possible we’ll see a new exchange rate. That’s the only thing that can stabilize it because a program rate unstabilizes it. This is as simple as I can put it. I’m not exaggerating. I’m not adding to it. This is for real.
January 1st, no more USDs [In Iraq].
But that’s only the final day of USD removal. It has nothing to do with the monetary reform.
[Boots on the ground update]
SUPERGIRL'S REPORT [From last week]
Quote "We are committed to the Central Bank’s decision issued 3 months ago, which prevents banks from granting dollars via ATM machines, and we have observed a commitment from other banks."
Iraqi PM calls for collective Arab action to stop the Israeli aggression on Gaza, 16 OCT
Iraqi PM calls for collective Arab action to stop the Israeli aggression on Gaza, 16 OCT
Shafaq News/ Iraqi Prime Minister Mohammad Shia al-Sudani on Monday called for collective Arab action to halt the brutal Israeli attacks against Palestinian civilians and infrastructure in the Gaza Strip.
This call came during a meeting where Prime Minister Al-Sudani hosted Arab Justice Ministers participating in the 39th session of the Arab Justice Ministers Council held in the capital, Baghdad. The meeting aimed at strengthening Arab cooperation in the realm of legal and judicial knowledge sharing.
According to a statement by his bureau, Prime Minister al-Sudani hosted a luncheon in honor of the participating delegations, with the presence of Ahmed Aboul Gheit, the Secretary-General of the Arab League.
During the gathering, al-Sudani extended a warm welcome to Iraq's guests and praised their efforts in hosting the meeting of Arab Justice Ministers in Baghdad. He acknowledged the importance of the outcomes of this meeting, which contribute to enhancing Arab cooperation by exchanging legal and judicial expertise.
Prime Minister al-Sudani affirmed Iraq's desire to foster strong relations with its Arab brethren, promote constructive collaboration in various fields, and work collectively towards the service of common issues, the advancement of Arab nations, and the prosperity of their people.
The premier reiterated Iraq's steadfast and principled stance on the Palestinian cause, denouncing the continued systematic violations by the Israeli forces in the occupied Palestinian territories and advocating for further collective Arab action to stop the ruthless aggression that is increasingly targeting Palestinian civilians and infrastructure in Gaza.
The Diplomatic Dance in the Middle East: China, Iraq and the Arab League, 16 OCT
The Diplomatic Dance in the Middle East: China, Iraq and the Arab League, 16 OCT
In the labyrinthine corridors of diplomacy, where words weave webs of intrigue, a meeting held in the Iraqi Prime Minister’s office has ignited a flame of curiosity. Amid the escalating Israel-Gaza conflict, Prime Minister Muhammad Shia Al-Sudani has received the Secretary-General of the Arab League, Ahmed Pu Alit, for a discussion that remains shrouded in mystery.
China’s Changing Stance
Meanwhile, the diplomatic dynamics are shifting in the Middle East, with China, a nation known for its economic might and growing influence, playing an increasingly vocal role. The dragon is no longer whispering, it’s roaring – and it’s roaring for the Palestinian cause.
China’s Foreign Minister, Wang Yi, has emphasized China’s commitment to peace and the rights of the Palestinian people. This marks a significant departure from its traditionally ambiguous stance towards the Israel-Gaza conflict. China’s growing influence in the Middle East is attributed to its economic footprint and diplomatic activism in the region. However, its relations with Israel, particularly in the technological sector, limit its room for maneuver.
Mediator in the Middle
In a series of high-profile conversations, Wang Yi has been calling for an end to the historical injustice of denying the Palestinian people’s right to statehood. He has spoken with foreign ministers from Iran, Saudi Arabia, and even the US Secretary of State Antony Blinken, emphasizing the need to de-escalate the situation and return to the negotiation table. His calls for an international peace meeting to achieve a broad consensus on the conflict further cement China’s position as a mediator.
To back up its words with actions, China’s special envoy Zhai Jun is set to visit the Middle East to push for a ceasefire and promote peace talks, demonstrating China’s active commitment to resolving the conflict.
The Iraqi Connection
Simultaneously, the Iraqi Prime Minister’s visit to Russia underscores the broader regional implications of the crisis. Mohammed Al-Sudani’s scheduled talks with Russian President Vladimir Putin will revolve around multifaceted cooperation and pressing global issues, including the situation in the Middle East. This inclusion of Iraq in the discussion is significant, as the Israel-Gaza conflict threatens to destabilize the region further.
The engagement of Iraq, a key player in the region, with Russia, and the secretive meeting between Al-Sudani and Ahmed Pu Alit, while China steps up its involvement, hint at an intricate geopolitical tapestry being woven in the Middle East.
As the world watches the Israel-Gaza conflict unfold, these developments illuminate the transformative roles nations like China and Iraq could play in mitigating the crisis and facilitating long-term peace in this tumultuous region.
Finally, the Baghdad dollar is under 160… ATMs sell for 158, 16 OCT
Finally, the Baghdad dollar is under 160… ATMs sell for 158
10-15-2023
Finally the Baghdad dollar is under 160... ATMs sell for 158The exchange rates of the US dollar fell, this evening, Sunday, below the level of 160 thousand Iraqi dinars for each $100 note in the offices of exchange companies in the various regions of Baghdad. This is the first time that they have fallen below this level after a turbulent week in which the exchange rates reached the level of 165 thousand dinars. .
The exchange rates in a number of Baghdad areas were as follows:
Shorja – the struggle
Sale: 158,000
Purchase: 157,000
the Palestine street
Sale: 159,000
Purchase: 157,000
Harithiya
Sale: 158,000
Purchase: 157,000
Al-Bayaa – car showrooms
Sale: 159500
Purchase: 157,000
Expert: 70% of dollar transactions have disappeared in Iraq, and the Central Bank wants to end the era of “dollarization”, 16 OCT
Expert: 70% of dollar transactions have disappeared in Iraq, and the Central Bank wants to end the era of “dollarization”
Posted, 2023-10-15
Expert - 70 percent of dollar transactions have disappeared in Iraq and the Central Bank wants to end the era of dollarizationBaghdad – 964
Nabil Jabbar Al-Tamimi – economic expert for the 964 Network :
Since Central Bank Governor Ali Al-Alaq assumed the position, he has been working on a policy of ending dollarization.
What is meant by dollarization here is to end excessive dealings with the US dollar, which Iraqis have used since 2003 as the primary currency to pay for most purchases in the market.
The senior leadership in the Central Bank believes that this excessive dealing in the dollar threatens the reserve of the American currency, in addition to the continued fluctuation of its prices locally.
The Central Bank’s policy has now eliminated 70% of dollar transactions in the Iraqi market, and the remaining 30% is linked to the issue of remittances abroad within the framework of the banking sector, especially those heading to Iran, then Lebanon and Syria.
There are people within the Central Bank who may work to obstruct the implementation of the bank’s policies, which has caused the significant rise in the value of the dollar.
"RV UPDATE" BY PIMPY, 16 OCT
Pimpy
Question: "Please explain what you mean by dirty float." There are different monetary policies that people could put into place to control their exchange rates. A dirty float is a free float with the government's ability to intervene at any time.
There's no proof whatsoever that anybody inside our congress hold Iraqi dinar. Now I'm not saying they don't because the truth of the matter is most of them are in the know.
So if something big is going to happen I guarantee they're going to have Iraqi dinar. But where's the proof that congress has Iraqi dinar? Where's the proof that Trump has it?
You know that's a funny thing, I believe Trump was asked one time and he said he didn't have any at the time but was thinking about it..
Question: "I'm confused, are you for an RV or you saying it's not going to happen?" What do you mean?
What part are you confused about? I'm for an RV, hell yeah man! Let it happen tomorrow. Geez. I'm for an RV, I'm just saying we're grounded...I'm not negative. I'm telling you the truth...I'm saying the RV will happen in increments. Are you talking about a reinstatement, the $3.22 rate? No, that's not going to happen...
The one major issue with Iraq is they rely too much on oil. I don't care what them guys tell you about, 'oh, they're article VIII compliant.'
That doesn't mean crap. Compliant what? Article VIII of what? What article VIII are you talking about?
The biggest issue with Iraq besides the fact they don't have a stable economy and their government is not stable is they rely way too much on oil...
Al-Sudani Directs To Simplify Banking Procedures: We Are Determined To Implement Financial Reform, 16 OCT
Al-Sudani Directs To Simplify Banking Procedures: We Are Determined To Implement Financial Reform
Economy News – Baghdad Prime Minister Muhammad Shiaa Al-Sudani directed, on Sunday, to simplify all banking procedures, and to prepare a proposed list of facilities and simplified procedures to be submitted within a week.
Al-Sudani’s office stated in a statement, “Within the framework of his follow-up to the plan to implement financial and administrative reforms in the financial and banking sectors, Prime Minister Muhammad Shia’ al-Sudani chaired, this evening, Sunday, a meeting that included the Governor of the Central Bank and the directors of government banks, in which the procedures and work mechanisms taken to achieve... Banking reform, which constitutes one of the basic steps of financial and economic reform that the government adopts in its executive approach.”
Al-Sudani stressed, “Financial reform is not just a slogan, but rather a series of terms and procedures that the government is determined to implement without hesitation, and will face all the challenges and obstacles that hinder the implementation of systematic and thoughtful reform plans.”
Al-Sudani directed to "simplify all banking procedures, and prepare a proposed list of facilities and simplified procedures to be presented within a week, in addition to providing a summary of the obstacles that obstruct the banking reform process, and proposing effective and implementable treatments for them, in a way that helps in overcoming the approved traditional contexts, which prevent... Achieving the government’s goal of developing this important economic and service sector.”
156 views 10/15/2023 https://economy-news.net/content.php?id=36979
The Kurdistan Government Announces The Adoption Of The Iraqi Dinar Instead Of The Dollar In Customs Duties, 16 OCT
The Kurdistan Government Announces The Adoption Of The Iraqi Dinar Instead Of The Dollar In Customs Duties
Monday 16, October 2023 Economical Number of readings: 268 Baghdad / NINA / The Kurdistan Regional Government announced, today, Monday, the adoption of the Iraqi dinar in customs duties instead of the US dollar. The Regional Government's Media and Information Department said in a statement, "The Kurdistan Regional Council of Ministers decided to adopt the Iraqi dinar at all border crossings. "
The statement added, "All ministries are obligated to implement the decision, and in the event of a violation, legal measures will be taken against them."
"RV UPDATE" BY MARKZ, 16 OCT
MarkZ
[via PDK] There are a lot of interesting articles on de-dollarization coming out of Iraq. “KRG to collect customs fees in dinar exclusively” This is the Kurdish region in northern Iraq. They have fully jumped on board with the de-dollarization effort. Comment: In Iraq –they took all the dollars out of the ATM’s - dinar only. MarkZ: Yes…it’s all part of the de-dollarization...I can tell you from my sources they agree…and Kuwait did the same thing before they RV'd. Back then all fees and transaction had to also be paid in Kuwaiti dinar. To me this tells us we are circling around the drain on finishing this thing.
...What one person calls a redemption center-another calls a bank. But overwhelmingly redemption centers are in banks…Banks that are set up with people trained to exchange currencies and all the procedures and equipment…. Call it whatever you want. Call it a “redeeming bank”…Most work in dual roles…in wealth management and will be assisting with exchanges when it happens…so most are already employed at banks.
We are watching it happen…and yes it is just moving so slowly. Slowly, slowly then suddenly it’s going to go. BAM
Sudanese advisor: 70% of Iraq's imports are with the BRICS countries, 16 OCT
Sudanese advisor: 70% of Iraq's imports are with the BRICS countries
Economy News - Baghdad
The financial adviser to the Prime Minister, Mazhar Mohammed Saleh, revealed on Sunday that 70% of Iraq's imports are with the countries of the "BRICS" group.
Saleh told the official news agency, "The BRICS group includes Brazil, Russia, India, China and South Africa, where the origin of the name (BRICS or BRICS) was launched in 2001 by Goldman Sachs financial group economist Jim O'Neill to describe fast-growing economies that are expected to collectively dominate the global economy by 2050."
He added, "Iraq announced its desire to join the BRICS group, as there is an objective basis related to the links of the Iraqi economy with the markets of the BRICS countries themselves, as it reflects the current account of the Iraqi balance of payments with the countries of that economic group, which includes the strongest emerging markets in the world," noting that "there is a direct dependence of the BRICS group on an important percentage of Iraq's oil exports, which are not less than 55 percent, especially India and China.
He explained that "about 70 percent of Iraq's imports are currently with the BRICS countries themselves, which means that the trade partnership and Iraq's strong economic interests automatically push towards international economic cooperation with our country's trade partners, especially in the issue of looking towards wider areas in the flow of the group's investments, and obtaining advantages to join in a way that serves the future of sustainable development and the progress of the economy in our country."
He added that the "BRICS" group currently occupies about 27 percent of the world's land area and 42 percent of the world's population, with Brazil, Russia, India and China among the ten largest countries in the world in terms of population, area and GDP (according to the purchasing power parity criterion), and the last three countries (India, China and Russia) are potential emerging superpower countries, while all five countries in the BRICS group are also members of the the twenty, which includes the United States of America and the rest of the Group of Seven."
Earlier, Prime Minister Mohammed Shia al-Sudani confirmed Iraq's readiness to join the BRICS group, if it receives an invitation from the founding countries.
Parliamentary hosting of the Governor of the Central Bank of Iraq regarding the dollar exchange rate, 16 OCT
Parliamentary hosting of the Governor of the Central Bank of Iraq regarding the dollar exchange rate
The Parliamentary Finance Committee announced on Monday that it will host in the coming days the governor of the Central Bank of Iraq and its general directors regarding the lack of control over the exchange rate of the US dollar against the dinar
Committee member Mustafa Al-Karaawi told Shafaq News Agency, “The committee will host this week the Governor of the Central Bank, Ali Al-Alaq, and the general directors of the bank to find out the reasons for the rise and fall in the dollar exchange rate in the parallel market and who is the party concerned with implementing the reform packages launched by the Central Bank.”
He pointed out that "the instability of the dollar exchange rate has caused an economic problem, and there is no clear policy for the central bank," stressing that "the government must implement what the bank wants through the reform packages it launched, and therefore controlling the exchange rate is a shared responsibility." between the Central Bank and government agencies, especially those concerned with import and customs ports.”
Al-Karawi pointed out that “hosting the bank’s governor will address the economic crisis, the rise and fall of the dollar, and the agreements the bank signed with the US Federal Reserve and the World Bank.”
The exchange rates of the US dollar have witnessed an upward increase against the Iraqi dinar for several months, and reached its peak this month when the price reached 1,655 dinars to one dollar, despite the government and the Central Bank setting an official exchange rate of 1,320 dinars to one dollar. link
Coffee with MarkZ. 10/16/2023
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Monday Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Top of the Monday to y’all!!
Member: GOOD MORNING, EVERYONE!! MAY THE WEEK BRING YOU HAPPINESS AND GREAT FORTUNE.
Member: I believe the US stalling the RV is causing the Iraqis going to Brics
MZ: I am certain all the dinar boards are blowing up as the rumors are exploding. I am trying to verify them….that will be today’s task. Figuring out what is right and what is wrong.
MZ: I am hearing that 3 of the large groups have started distributing funds. I don’t think its accurate but it’s one of the rumors that is running hard. I am trying to get absolute proof because that’s a big one. I think they may have dropped that rumor just to see who leaks it? This was dropped at some of the upper levels of some groups.
MZ: I have been told that other than certain groups with historic bonds and sovereigns that nobody will be going first. It will be a shotgun and we are all going at once. So when I hear that some groups maybe going – I don’t buy it….but some groups may have collected historic bonds as well and those I could see maybe going ahead of everybody else.
MZ: Those rumors are out there and floating hard but I do not think they are accurate. I want them to be right because that would mean the process has started….I am hoping to prove myself wrong. I have a lot of messages sent…hoping for answers before the day is over.We have to still wait for those on the west coast to wake up.
MZ: Around the rest of the world…bond folks are quiet.
MZ: There are a lot of interesting articles on de-dollarization coming out of Iraq. “KRG to collect customs fees in dinar exclusively” This is the Kurdish region in northern Iraq. They have fully jumped on board with the de-dollarization effort.
Membr; In Iraq –they took all the dollars out of the ATM’s- dinar only
MZ: Yes…it’s all part of the de-dollarization over there. I can tell you from my sources they agree….and Kuwait did the same thing before they RV”d. Back then all fees and transaction had to also be paid in Kuwaiti dinar. To me this tells us we are circling around the drain on finishing this thing.
MZ: Here is a big one: “BRICS expansion could end US dollar dominance in oil trade : US financial experts warn of dangers ahead.”
Member: Has Iraq officially joined BRICS?
MZ: Not yet- but they have certainly talking with them. It’s only a matter of time until Iraq is part of BRICS….imo
MZ: “Saudi Arabia and Japan sign digital economy partnership” I did not know how aggressively Japan is pursuing BRICS. This would be a major blow to the G7 and the US.
Member: Will the Zim still be in the first basket?
MZ: I still expect the Zim to be in the first basket.
Member: Hey MarkZ...what about the Ruble..is it involved in RV?
MZ: I believe it is….but, I don’t think it will be the exponential gainer that some currencies are going to be. Most currencies around the world should go at the same time. Those currencies that are just not ready like some in Africa and Asia and in the middle east won’t make the first basket.
Membr: I still think the Bolivar is going to surprise us all. No matter how much we try and figure it out, its a sleeping giant.. IMO
Member: I saw a J.P. Morgan commercial offering wealth management help. that's very odd them running that commercial in this economy
Member: When the US currency changes from fiat to asset-backed , you had mentioned that our money in the banks will automatically change . What happens to the cash we hold in fiat notes?
MZ: I am being told we will have about 90 days to exchange our cash. So if you have a lot of cash under your mattress…spend it, give it to those in need…or deposit it or exchange it at any bank. It will be easy.
Member: Been in this for several years starting to get tired and frustrated.
MZ: We are all tired and frustrated….
Member: "You didn't come this far to only come this far"
Member: hopefully this money train reaches its destination this week.
Member: Mark ,thanks as always for all the latest news & updates
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"ANALYZING IRAQ NEWS" BY MILITIAMAN, 16 OCT
Militia Man
Article: "...Representative have agreed on the importance of passing this law [HCL] because it guarantees the fair distribution of wealth to all Iraqis..."
That's everybody in parliament, that's everybody, so I think there isn't going to be anybody that would miss that vote... So why haven't they done it? They have to value that.
That's what we're waiting for to see if they have a new valuation for that based off the new international exchange rate...
There's a lot of movement and evidence to suggest Iraq is going to to international. They pretty much have all the tools they need to do so. We haven't seen any payment internationally for projects. We know the 23, 24 and 25 budget has not been spent yet...It's all very good.
Article: "China hosts representatives from 130 countries at the New Silk Roads Forum" This Belt Road project is linking right through Iraq.
Al-Sudani just met with Putin on his Development Road Project as well... The 10th anniversary of this coinciding with electronic systems hook ups in Iraq are looking to be timed accordingly...I like it.
Sudani has been knocking it out of the park...Turkey is going to be massive...building road, industrial cities, industrial parks. Think about all the infrastructure that has to go into that. Water, sewer, roads, electrical...All kinds of things happening behind the scenes.
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