Sunday, December 3, 2023

Surprise! Iraq’s Oil Law (HCL) and Russia’s Takeover of Kurdistan Oil BY AWAKE-IN-3D, 4 DEC

 Surprise! Iraq’s Oil Law (HCL) and Russia’s Takeover of Kurdistan Oil

On December 2, 2023 By Awake-In-3D

In Economic Power Shifts

The evolution of Iraq’s new Oil Law will forever alter Middle Eastern geopolitics and global energy markets, particularly of interest are Russia’s strategic moves to enhance its influence in the Kurdistan oil region.

Iraq is considering a new oil and gas law that may be approved after local elections in December 2023.

The oil law, under discussion for over 15 years, would allow foreign companies to share in Iraq’s oil production.

If ratified, the law would enable production-sharing agreements between the government and foreign oil firms.

Additionally, oil export earnings would be distributed among governorates based on their GDP per capita, and each governorate could independently grant oil concessions and exploration contracts.

Iraq, a key OPEC member, possesses significant crude oil reserves, and the proposed law aims to manage resource sharing and exploration agreements with foreign entities.

The new unified oil law in Iraq, set to govern oil and gas production, highlights a shift in influence favoring Russia and China over the Western Alliance.

The long journey toward a new unified oil law in Iraq, expected to govern oil and gas production, underscores a notable geopolitical shift favoring Russia and China over the USA and its Western Alliance.

The start of what’s happening today began back in September 2017, following a non-binding vote on independence for the semi-autonomous Kurdistan region in northern Iraq.

The U.S. and its Western allies had promised full independence to the Kurds in exchange for their support against ISIS.

However, the promise was not fulfilled, as Iran and Turkey intervened to prevent the Kurds from gaining independence, and the U.S. did not intervene.

Russia, adhering to its longstanding foreign policy of projecting influence in regions of chaos, sought to expand its presence in the Middle East, particularly in Iraq.

Hindered by the U.S. presence in the south, Russia turned its attention to the semi-autonomous Kurdistan region.

Russia effectively assumed control of Kurdistan’s oil sector through a multifaceted approach.

  • First, it provided the Kurdistan Regional Government (KRG) with $1.5 billion in financing through forward oil sales payable over the next three to five years.

  • Second, Russia secured an 80 percent working interest in five potentially significant oil blocks in the region, accompanied by investments and technical support.

  • Third, Russia obtained a 60 percent ownership stake in the crucial KRG pipeline, committing to invest $1.8 billion to increase its capacity to one million barrels per day.

The second phase of Russia’s strategy involved sowing discord between northern and southern Iraq.

By acting as a mediator and encouraging the Kurds to demand higher payments from the south while independently selling oil, primarily through its ally Turkey, Russia fueled tensions.

The resulting chaos played into Russia’s goal of extending its influence into southern Iraq.

The geopolitical landscape further shifted with the U.S. downsizing its presence in the Middle East and Russia and China making inroads through initiatives like the Belt and Road Initiative.

Consequently, southern Iraq moved into the sphere of influence of Russia and China, while northern Kurdish Iraq found itself increasingly isolated.

On August 3 of the current year, Iraq’s new Prime Minister, Mohammed Al-Sudani, declared that the unified oil law, centrally administered from Baghdad, would govern all oil and gas production and investments in both Iraq and its semi-autonomous Kurdistan region, constituting “a strong factor for Iraq’s unity.”

A senior Kremlin official later emphasized that by excluding the West from energy deals in Iraq, the end of Western hegemony in the Middle East would represent a decisive chapter in the West’s decline.

Overall, the timeline of events and Russia’s multifaceted intervention illustrate a significant geopolitical realignment, signaling enhanced influence for Russia and China at the expense of the Western Alliance.

Details and Timeline for IQD Nerds

In essence, Russia’s involvement in Kurdistan’s oil region was a strategic response to geopolitical opportunities, exploiting regional tensions and economic vulnerabilities to establish a significant and influential presence in the Kurdish oil economy.

1) Background (September 2017)

It all began with a non-binding vote on independence for the semi-autonomous Kurdistan region in September 2017. The U.S. and its Western allies had pledged support for Kurdish independence in exchange for assistance against ISIS. However, the promise was not fulfilled, leading to disillusionment among the Kurds.

2) Russian Expansion into Kurdistan (Post-2017)

Russia, with a historical foreign policy of projecting influence in regions of chaos, saw an opportunity to expand its presence in the Middle East. The presence of the U.S. in southern Iraq prevented Russia from establishing a foothold there. Instead, Russia turned its attention to the semi-autonomous Kurdistan region, where the Kurds, feeling abandoned by the West, were in need of support and financial assistance.

3) Russia executed a multifaceted strategy to gain control over Kurdistan’s oil economy.

  • Russia provided the Kurdish Regional Government (KRG) with $1.5 billion in financing through forward oil sales payable over the next three to five years. This financial support was crucial for the KRG, which was facing economic challenges due to the political dispute with southern Iraq.

  • Russia secured an 80 percent working interest in five potentially significant oil blocks in the region. This not only provided Russia with access to valuable oil reserves but also established a significant presence in Kurdistan’s oil exploration and production sector.

  • Russia acquired a 60 percent ownership stake in the vital KRG pipeline, committing to invest $1.8 billion to increase its capacity to one million barrels per day. This move gave Russia control over the infrastructure essential for transporting oil from Kurdistan to external markets.

4) Russia exploited existing tensions between northern and southern Iraq to further its agenda.

  • Russia acted as a mediator, encouraging the Kurds to demand higher payments from the southern government. This tactic aimed to create financial disputes and dissatisfaction between the two regions.

  • Russia supported the Kurds in quietly selling oil independent of Baghdad, primarily through Turkey, with which Russia had close ties. This move not only provided economic benefits to the Kurds but also heightened tensions with the southern government.

5) Changing Geopolitical Landscape

  • The broader geopolitical context played a crucial role.

  • The U.S.’s downsizing of its presence in the Middle East and the growing influence of Russia and China in the region created an environment where southern Iraq moved into the sphere of influence of Russia and China.

6) Unified Oil Law Framework Announced (August 2023)

  • The recent developments culminate in Iraq’s new Prime Minister, Mohammed Al-Sudani, announcing that the unified oil law, centrally administered from Baghdad, will govern all oil and gas production and investments in both Iraq and its semi-autonomous Kurdistan region.

  • This pronouncement solidifies central control and signifies a significant shift in power dynamics.

The new Oil Law, as outlined by the Prime Minister, further cements central control and aligns with Russia’s broader objectives in the Middle East.

Supporting articles:

© GCR Real-Time News

Iraqi Dinar update for 12/03/23 - Iraq will be the Mecca of the trade w...

"RV UPDATE" BY NADER FROM MID EAST,

 Nader From The Mid East  

 The revolution of the dinar exists, yes.  Is going to revalue?  Yes.  When I don't know.  It can be now.  It can be next month.  It can be 2 years from now.  It can be 5 years form now.  You know people are going to hate this but the reality is there...You have to be a realist...You know it's going to revalue.

 Article from [Advisor to the prime minister] Salah.  I love Salah.  You always come with the good news...He says ...the Iraqi dinar is going to master the currency of the world soon.  That's what we're working hard for and it's going to master it.  A lot of people do not know what you guys know.

Great news this morning... They start them leaving the country to discuss the exchange rates between countries.  

They're going to start with Turkey... Article "Delegation will head to Ankara Turkey tomorrow Monday to discuss regulating trade exchange between Iraq and Turkey

"The future of Iraq" is on the conference table in Dubai.. These are its details , 3 DEC

  "The future of Iraq" is on the conference table in Dubai.. These are its details

12/3/2023

Gulf Today newspaper revealed, on Sunday, the details of a major conference that will be held in Dubai on December 7, with the aim of strengthening economic partnerships between Iraq and the Emirates, and pushing towards achieving transformation in the Iraqi economy.

A report published in the English newspaper, and translated by Shafaq News Agency, quoted the “Iraqi-British Business Council” (IBBC) indicating that trade exchange between the UAE and Iraq witnessed significant growth exceeding 60% last year, which confirms the sustainability of economic relations between the two countries. .

The report noted that the UAE Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi, will deliver a welcome speech on the second day of the conference dedicated to “building a sustainable future,” which will open on December 7 and last for two days.

He explained that the “Iraqi-British Business Council” conference in 2022 sparked positive reactions from 230 delegates, which led to an increase in membership by 15%.

The report continued that the Council seeks at this year's conference to achieve the same number of delegates who will meet to deliberate on topics such as "Education and Training in Iraq" and "Building a Sustainable Future."

The report also quoted the Undersecretary of the UAE Ministry of Foreign Trade and Industry, Abdullah Ahmed Al-Saleh, as saying, “It is a great honor to join our friends from Iraq and the Iraqi-British Business Council, to discuss joint efforts to assist the country in the reconstruction process,” adding, “Iraq He suffered a lot, but he has tremendous potential and capabilities to contribute a lot to the world.”

Al-Saleh continued: “The Business Council brought together companies working in the field of business and trade from all over the world for the benefit of Iraq and the members of the Council,” adding: “While the Iraqi-British Business Council is committed to a free, prosperous and diverse Iraq, it works as a bridge between Iraq and the rest of the world and connects governments and the private sector from In order to ultimately benefit businessmen, industry and the people of Iraq.”

Al-Saleh praised the Business Council and its leadership for organizing this platform for better communication, expressing his full support for its mission of “enabling the transfer of technology, infrastructure and expertise to Iraq to enhance its growth and development.”

The Council considered that “the significant growth in trade between Iraq and the UAE, which exceeded 60% last year, confirms the permanent economic relations between the two countries,” adding that this conference also confirms the position of the UAE as the main commercial center for Iraq, and displays the growing role of the state in Facilitating international cooperation.

The report stated, "The UAE has tremendous potential for investment in Iraq and for companies operating there, without the need for administrative and bureaucratic jobs that can be found in Iraq."

The report also quoted the Director General of the Business Council, Christophe Michels, as saying, “By defending the private sector in Iraq, the UAE is considered an ideal place due to its role as a regional center, linking international companies to Iraq.”

The Gulf Today newspaper report noted that the two-day conference is being held at a critical juncture, and addresses pivotal issues such as economic sustainability, education, financing and climate change, while the Business Council expects a shift in education and sustainability in Iraq, with a focus on increasing skills training and industrial cooperation. .

In addition, the conference will address sustainability through gas exploitation and financing strategies to support investments beyond oil price fluctuations, according to the newspaper report.

According to the report, Member of the British Parliament, Wayne David, who is the Shadow Minister for Middle Eastern Affairs, will speak before the conference about Britain's foreign policy in the Middle East. Energy bodies and companies, including Total Energies, BP, Basra Gas Company and Siemens, will participate in the conference, and there will be discussions on financial reform with industry leaders such as the CEO of Standard Chartered Bank and the President of the Commercial Bank of Iraq.

According to the report, there will be participation by senior representatives of British universities, high-level representatives from the Iraqi Ministry of Higher Education, and the Prime Minister’s Office. Translated by: Shafaq News Agency LINK

Association of Banks: Agreements with Türkiye will lead to lowering the dollar exchange rate, 3 DEC

 Association of Banks: Agreements with Türkiye will lead to lowering the dollar exchange rate

12/3/2023Baghdad

The Iraqi Private Banks Association confirmed that the agreements with Turkey will lead to reducing the dollar exchange rate and increasing citizen confidence in the dinar.

The head of the Iraqi Private Banks Association, Wadih Al-Handal, said on his Facebook page, followed by Al-Iqtisad News, “We discussed with the Turkish Central Bank and all of Turkey’s banks the reorganization of trade financing between Iraq and Turkey,  using the Iraqi dinar, the Turkish lira, and the euro.”

Al-Handal stressed, "The agreements with Turkey will lead to reducing the dollar exchange rate and increasing citizen confidence in the dinar."   LINK

World Wide - Iraq Dinar - Private Sector - Industrial -Internationalism

Al-Sudani from Basra: It is time for the Iraqi economy to be linked to the global economic cycle, 3 DEC

 Al-Sudani from Basra: It is time for the Iraqi economy to be linked to the global economic cycle

Al-Sudani from Basra - It is time for the Iraqi economy to be linked to the global economic cyclePrime Minister Muhammad Shiaa Al-Sudani said today, Saturday, that his government is studying the establishment of economic projects, the establishment of industrial cities, and free zones in partnership with countries neighboring Iraq.
Al-Sudani said in his speech during the launch of the activities of the Industrial Partnerships Forum in Basra Governorate: We are currently studying economic projects, industrial cities, and free zones with Iran, Saudi Arabia, Jordan, and Kuwait.
The Prime Minister described the development road project as the “first Iraq” project, adding that it will settle industrial cities, starting from the port of Al-Faw and ending at the point of connection with Turkey.
For his part, the Iraqi Minister of Industry and Minerals, Khaled Battal Al-Najm, in a speech in which he opened the forum, announced 90 participation opportunities between government companies and the private sector, as these investment opportunities represent wide sectors of various opportunities for companies, indicating that the value of these investments reaches about 10 million dollars.

"RV UPDATE" BY FRANK26, 3 DEC

 Frank26 

 Anybody that tells you, 'give me your dinars and I will give you more than what the CBI will give you' because, 'I belong to the [whatever] group/organization' They're thieves.  They're vipers.  They're liars..

.No body is going to give you more than what the CBI can and is willing to give you.   

Question:  Article VIII, WTO do these matter?  Yes without a doubt.  WTO you notice they have not been ascended into it.  Doesn't matter.  Whenever they do it they'll do it but what's really important is in order to join the WTO you have to be Article VIII...All they have to do is raise the value of their currency, that's it. 

Question:  'Do you think the rate might come out more than 1 to 1 or higher?'  It is possible they might be looking at $1.18...1 to 1 is a good start no doubt but it's been 20 years and I think $1.18 is fair enough to start the float at against the dollar.  The goal is to go past the dollar.

Iran Declares Readiness to Protect Iraq’s Sovereignty: A Step Towards Stronger Defense Cooperation, 3 DEC

 Iran Declares Readiness to Protect Iraq’s Sovereignty: A Step Towards Stronger Defense Cooperation, 3 DEC

Major General Mohammad Baqeri, the Chief of Staff of the Iranian Armed Forces, has declared Iran’s preparedness to counteract any threats to Iraq’s territorial sovereignty. This announcement was made during an official meeting with his Iraqi counterpart, Lieutenant General Abdel Emir Rashid Yarallah, in the capital city of Baghdad.

Strengthening Iran-Iraq Relations

Baqeri highlighted the robust relationship between Iran and Iraq, underlining their shared experiences in the fight against terrorism. He also acknowledged Iran’s significant role in assisting Iraq during the battle against the Daesh terrorist group. The Major General paid tribute to the fallen heroes, Qassem Soleimani and Abu Mahdi al-Muhandis, who lost their lives in a US drone strike in 2020.

Joint Military Drills for Border Security

Emphasizing the importance of joint military exercises for the safety of the shared borders, Baqeri suggested that such collaborative efforts would be mutually beneficial. In response, Yarallah expressed his gratitude towards Iran for its support against Daesh and confirmed the readiness of Iraq’s armed forces to enhance military cooperation with Iran.

Security Agreement in Response to Anti-Iranian Activities

Previously, the two nations had signed a security agreement in response to the surge in activities of anti-Iranian terrorist groups in Iraqi Kurdistan. Following these activities, Iran’s Islamic Revolution Guards Corps (IRGC) conducted strikes against these groups. They issued a warning to the local Kurdish authorities against allowing their territories to be used for activities against Tehran.

This recent meeting and subsequent declarations highlight the strengthening of defense cooperation between the two nations, pointing towards a future of enhanced military relations and joint counterterrorism efforts. Both Iran and Iraq stand firm in their commitment to uphold each other’s sovereignty and maintain the security of their shared borders.

https://bnn.network/politics/iran-declares-readiness-to-protect-iraqs-sovereignty-a-step-towards-stronger-defense-cooperation/

Iraqi Dinar🔥Historical Surge Of Iraqi Dinar🔥 Biggest Wealth Transfer🔥ira...

"RV UPDATE" BY PIMPY, 3 DEC

 Pimpy  

I found the steps Iraq would need to take in order to reinstate its $3.22 rate...Stabilize the economy by addressing issues such as inflation, unemployment and corruption...diversifying the economy beyond oil dependence...

Monetary policy - To reinstate a specific exchange rate the Central Bank of Iraq would need to implement appropriate measures...like interest rates, reserve requirements and open market operations. 

 Third, Foreign Reserves - Iraq's foreign reserves...The more they get the better it is for them...particularly the US dollar would provide the CBI with the necessary resources to support the desired exchange rate...

Currency Auctions ...Adjusting the auction mechanisms and policies could help control the supply and demand dynamics of the IQD...Fifth, Government of Iraq - Investors...have to feel their investment is secure.  Having a stable government and stable economy goes a long way.  Political stability...that encourages domestic and foreign investment ...Lastly, International Support...IMF and World Bank...these organization can provide financial aid, technical assistance and guidance on implementing economic reforms...Those are the steps necessary to reinstate the $3.22 rate.  I still think it'll go up in increments just so they can make sure there is stability in the economy without bankrupting themselves... 

 Iraqi dinar is going to go up in increments because as you go up one step at a time you're able to see what kind of shock you're going to have to your economy, if at all.  As they keep making a move forward with the value of the Iraqi dinar measured against your economy they're able to determine whether they can keep going forward and make the value of  the Iraqi dinar increase or whether they should decrease the value of the Iraqi dinar.  

General Bagheri: We have no problems with Iraq in the security realm, 3 DEC

General Bagheri: We have no problems with Iraq in the security realm, 3 DEC

Shafaq News / Iranian Military Chief, General Mohammad Bagheri, stated that his visit to Iraq aims to discuss ways to develop bilateral military relations between the two countries. 

Upon his arrival in Baghdad, General Bagheri, speaking to journalists, mentioned, "During this two-day visit to the fraternal and neighboring country of Iraq, we will hold meetings with army leaders and several political officials in this country. Our goal for this visit is to discuss ways to develop military relations between the neighboring countries." \


He added, "We have no problems with Iraq in the security realm; this country, as a friend and neighbor, is continuing the path of military cooperation." 


The Chief of Staff of the Iranian Armed Forces emphasized, "At present, there is a large number of university students from the Iraqi army continuing their studies at Iranian military universities, and conversely, there is also the possibility for our military university students to study in Iraq." 

He continued, "There will be various operational and educational communications between Iran and Iraq. During this visit, we will discuss and review these areas with the Joint Chiefs of Staff of Iraq and other Iraqi officials. I believe that this visit will lay the groundwork for a proper development of relations." 

Furthermore, official ceremonies were held this Sunday morning at the Ministry of Defense headquarters by the Chief of the Iraqi Army Staff for his Iranian counterpart. The latter also met with Iraqi Defense Minister, Thabit al-Abbasi. 


Chief of the Iranian Armed Forces, Mohammad Bagheri, along with a high-level military and political delegation from Iran, arrived in Baghdad Saturday evening in response to an invitation from the Chief of the Iraqi Army Staff.


https://shafaq.com/en/Iraq-News/General-Bagheri-We-have-no-problems-with-Iraq-in-the-security-realm

Iraq’s Prime Minister Holds Crucial Meeting with British Ambassador, 3 DEC

Iraq’s Prime Minister Holds Crucial Meeting with British Ambassador

In an ongoing affirmation of diplomatic ties, Mohammed Shia’ Al Sudani, the Prime Minister of Iraq, held a meeting with the British Ambassador to Iraq. The specifics of their conversation remain undisclosed, an indication of the sensitive and possibly high-stakes nature of their discussion. Such meetings are commonplace in the realm of international diplomacy, serving as avenues to explore bilateral relations, cooperation, and pressing global issues that affect both nations.

Strengthening Bilateral Ties

Their meeting underscores the continuous diplomatic engagement between Iraq and the United Kingdom. In a world increasingly defined by geopolitical shifts and the resulting realignment of alliances, such engagements are key. They provide platforms for dialogue, fostering understanding and cooperation between nations.

Amplifying Diplomatic Engagement

While the details of the discussion are yet to be revealed, the fact that such a meeting took place is significant. It points to the active diplomatic engagement, a testament to the commitment of the two nations to foster a robust relationship. These diplomatic exchanges also serve as a foundation for collaborative efforts, bridging gaps and promoting mutual interests.

Impact on Global Stage

This meeting not only signifies the bilateral relations between Iraq and the United Kingdom but also impacts the global stage. As nations continue to navigate the complexities of global politics, relationships such as these can influence international policies and decisions. The unfolding of these engagements will undoubtedly shape the geopolitical landscape.

https://bnn.network/world/uk/iraqs-prime-minister-holds-crucial-meeting-with-british-ambassador/


Dinar RV News Today🔥Revolutionizing Banking Sector: Ernst & Young Unveil...

Iran Declares Readiness to Protect Iraq’s Sovereignty: A Step Towards Stronger Defense Cooperation, 3 DEC

 Iran Declares Readiness to Protect Iraq’s Sovereignty: A Step Towards Stronger Defense Cooperation, 3 DEC

Major General Mohammad Baqeri, the Chief of Staff of the Iranian Armed Forces, has declared Iran’s preparedness to counteract any threats to Iraq’s territorial sovereignty. This announcement was made during an official meeting with his Iraqi counterpart, Lieutenant General Abdel Emir Rashid Yarallah, in the capital city of Baghdad.

Strengthening Iran-Iraq Relations

Baqeri highlighted the robust relationship between Iran and Iraq, underlining their shared experiences in the fight against terrorism. He also acknowledged Iran’s significant role in assisting Iraq during the battle against the Daesh terrorist group. The Major General paid tribute to the fallen heroes, Qassem Soleimani and Abu Mahdi al-Muhandis, who lost their lives in a US drone strike in 2020.

Joint Military Drills for Border Security

Emphasizing the importance of joint military exercises for the safety of the shared borders, Baqeri suggested that such collaborative efforts would be mutually beneficial. In response, Yarallah expressed his gratitude towards Iran for its support against Daesh and confirmed the readiness of Iraq’s armed forces to enhance military cooperation with Iran.

Security Agreement in Response to Anti-Iranian Activities

Previously, the two nations had signed a security agreement in response to the surge in activities of anti-Iranian terrorist groups in Iraqi Kurdistan. Following these activities, Iran’s Islamic Revolution Guards Corps (IRGC) conducted strikes against these groups. They issued a warning to the local Kurdish authorities against allowing their territories to be used for activities against Tehran.

This recent meeting and subsequent declarations highlight the strengthening of defense cooperation between the two nations, pointing towards a future of enhanced military relations and joint counterterrorism efforts. Both Iran and Iraq stand firm in their commitment to uphold each other’s sovereignty and maintain the security of their shared borders.

https://bnn.network/politics/iran-declares-readiness-to-protect-iraqs-sovereignty-a-step-towards-stronger-defense-cooperation/

KTFA: "RV UPDATE" BY FRANK26, 3 DEC

 KTFA:

Frank26:  "THE INTERNATIONAL WORLD WELCOMES THE IQD FROM THE CBI".........F26

 The Governor of the Central Bank chairs the first meeting of the Iraqi National Payments Council

December 02, 2023

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired the first meeting of the Iraqi National Payments Council after its restructuring.

During the meeting, which was attended by officials from the Central Bank and representatives of the relevant ministries, the government and private banking sectors, electronic payment service providers and other actors, the objectives of the Council and the main tasks that it intends to implement were reviewed to achieve national strategies to develop the infrastructure of the financial and banking sector, advance the components of the electronic payment environment, and strengthen the pillars of inclusion.


Finance in Iraq .

The Council discussed the experiences of other countries in the field of payment systems and the mechanisms necessary to implement Iraqi Council of Ministers decisions No. 23044 and 23620 for the year 2023, as well as proposals that would contribute to the implementation of these decisions with the aim of expanding the scope of work of Iraqi electronic payment systems and linking them with various institutions, ministries and bodies and encouraging The public wants to use it and benefit from the advantages it provides. 

It is noteworthy that the Iraqi National Payments Council aims to coordinate and achieve cooperation between regulatory and supervisory authorities, executive authorities and financial institutions.

 Central Bank of Iraq 
Information Office 
2 - December 2023

https://cbi.iq/news/view/2477

Iraqi Dinar Central Bank of Iraq's Latest Move #iqd Exchange Rate BY SANDY INGRAM

Integrity announces the recovery of $180 million from America and Kuwait, 3 DEC

 Integrity announces the recovery of $180 million from America and Kuwait

12-2-2023
Integrity announces the recovery of 180 million from America and KuwaitInformation/follow up..
Today, Saturday, the head of the Integrity Commission, Haider Hanoun, announced the activation of (Where did you get this from?) and the issuance of thousands of arrest warrants.
Hanoun said, during a press conference in Najaf Al-Ashraf, attended by a correspondent for the “Al-Ma’louma” Agency, that “the achievements achieved by integrity were represented by thousands of news reports and cases in which major arrest warrants were issued,” pointing out that “the arrest warrants that were issued amounted to 3,125 warrants.”
He added, “Field teams moved and besieged the corrupt, and the principle of where did you get this took effect, and hundreds of thousands of millions were recovered, and defendants were recovered from the UAE and the Sultanate of Oman, Jordan, and Egypt, and money from Lebanon, as well as more than 150 million dollars from America, and 20 million dollars from Kuwait”.
He added: “We will achieve memorandums of understanding with China, Canada, Spain, and Saudi Arabia very soon, and we are facing the challenge of legislating the second law of the authority, which makes us stronger and will be a source of funding for the budget.”
He continued: “We have succeeded in cooperating with Interpol, and it is cooperating with us, but cooperation with countries remains the problem in extraditing wanted persons, as the matter requires agreements and protocols with those countries.”
almaalomah.me

"RV UPDATE" BY BRUCE, 3 DEC

 Bruce  

 [via WiserNow]   

Lets talk about rates...We had rates on redemption center screens on dinar and Dong that were put out... definitely that were terrific. Excellent... Notice I said on redemption center screens not banks...Because rates at the redemption center will be higher than they are in the banks  - Our contacts see rates on the bank screens - They also see rates in the redemption center screens – I can tell you know they are that much higher – as much as 4 times higher on redemption center screens than they are on the bank screens...

  Iraq is looking to put their HCL law in the Gazette along with their new international rates...And since [Friday] is a High Holy Day -  I don't know this, but I think they would probably put it in the virtual online version, if you will, the digital Gazette on Friday, and...put it in the printed version of the Gazette on Saturday.

...we really do have good contact in Iraq. And we're getting word that the ATM machines are filled with the lower denomination bills like ours...10 20 50 and 100 dinar notes -   I think those are all available in the actual ATM machines...Now they have been working...since Thanksgiving - maybe a little bit  before that - in the airport locations in Baghdad and at the border location – where ever the ATM’s are at the border...they are working now and they are in use...I do not believe they're all in use all over the country yet. But I think that is about to change...they are minting new coins for people to use...Iraqis  are going to feel a little jingle in their pockets soon...