Progress has been intense because there's some political opposition. I think the US Treasury, Federal Reserve, Central Bank of Iraq, Al-Sudani...have been working to benefit the Iraqi citizens. There's been blowback...Iraq is not alone in having pressure... Unfortunately corruption has been a problem for many years. Nothing new.
But that's being changed so now it's getting more intense...
Article quote: "Parliamentary Oil and Gas Committee experts its optimism on Sunday about the imminent approval of the Oil and Gas Law which has been suspended for over 19 years."
They're telling you they have everything set up to where they're going to do something...I like the fact they're talking about it even thought it's in the coming days...
Finance Minister Taif Sami Mohammed and the World Bank delegation headed by Regional Director of Middle East Administration Jean-Christophe Carré, discussed on Monday the financing of transport and social development projects.
The ministry said in a statement, received by “Economy News”, “an important meeting was held at the headquarters of the Ministry of Finance today between the Minister of Finance Taif Sami Mohammed and the World Bank delegation headed by the Regional Director of the Middle East Department, Jean-Christoph Carré, to discuss ways to enhance cooperation in the field of economic and social development,” noting that “the axes of the meeting focused in particular, on supporting transport, railway and infrastructure projects related to the development route linking Iraq and Turkey to the European continent, in addition to financing the programs of the Social Fund for Development.”
She added that “these projects seek to improve the quality of services for citizens, promote economic growth, and provide new job opportunities, and the expected benefits of these projects are also summarized in the development of the road and transportation network, in addition to supporting small and medium enterprises and reducing poverty and unemployment.”
During the meeting, the two sides expressed, according to the statement, their “optimism that fruitful cooperation agreements can be reached, which will contribute to achieving sustainable development in Iraq.”
Article: "Oil MP rules out oil and gas law"I've been telling you guys the oil and gas law has been outstanding since 2005.
Quote: "This law has been facing political dispute since 2005." There it is confirmed for you in print...That's because this law is simply waiting on the rate to change. It requires Iraq to have a tradable internationally recognized currency. That's it...
Did you know the US troops are going to start getting removed in the month of September? Did you know Iraq will finish their accession to the World Trade in August?
...They still have 150 laws that need to be done. They have a whole bunch of projects they need to start...The budget is not published in the Gazette...Did you know completing and implementing the reforms is a World Trade requirement but yet they're going to finish their accession in the month of August? ...everything is waiting on this right here [the budget]..
The Ministry of Trade has doubled its efforts to join Iraq to the World Trade Organization (WTO) after participating in a wide round of negotiations that pave the way for full membership. These efforts were met with widespread economic welcome, which sees that this approach will achieve a package of important achievements, foremost of which is enhancing development, building capacities, and opening the door wide to the use of the highest standards of governance, in addition to the most important factor represented by the wide openness of global markets to Iraq, the advancement of the private industrial sector, and the improvement of the local product.
According to the Minister of Trade, Athir Dawood Al-Ghariri, the recent negotiations for Iraq constitute “a qualitative event and a confirmation of what the government promised through its program to reform the economic situation, considering the private sector as an essential part and the backbone of the Iraqi economy,” indicating that “all countries are keen on Iraq’s return as a global economic player.”
In support of the recent negotiations conducted by Iraq, the Ministry of Trade also participated in the technical meetings of the UNCTAD regarding the accession of Arab countries to the World Trade Organization in Istanbul, which witnessed, according to the Director General of the Department of Foreign Economic Relations, Riyadh Fakher Al-Hashemi, who represented the Ministry of Trade in these meetings, discussing the outcomes of the 13th Ministerial Conference of the World Trade Organization, the process of Arab countries’ accession to the organization, and how Iraq can benefit from these experiences in its process of accession. The importance of trade in services in supporting the economies of Arab countries and enhancing their growth was also reviewed.
In the midst of this, the Prime Minister’s Advisor for Financial Affairs, Dr. Mazhar Mohammed Salih, believes that “in the midst of the changes in the international commercial and financial space, Iraq has moved to important organizational levels in the transition to a market economy to break the effects of its international isolation by engaging in a strong area of economic liberalism that focused on liberalizing the areas of Iraq’s foreign trade in goods and services and the means of financing them, despite the fluctuations in its organization, as well as the development and expansion of areas of progress achieved in some financial services and improving the environment for foreign investment, which allows foreign banks to operate in Iraq and allows the transfer of capital and currency in a manner that serves Iraq’s openness to the world in the conditions of a difficult-to-handle central rentier economy.”
In a statement to the Iraqi News Agency (INA), Minister Al-Ghariri expressed his “aspiration for the fourth round of negotiations to be held during the first quarter of next year,” stressing that “this acceleration means that the negotiations are proceeding with rapid steps towards Iraq’s accession to the World Trade Organization, considering that Iraq is an important economic bloc and all countries are keen for it to return as an economic player in a multilateral system.”
In addition to the economic gains that can be achieved by opening up to the global market, the economic researcher and consulting engineer, Imad Al-Muhammadawi, believes during his interview with “Al-Sabah” that “joining has many other advantages besides opening up to global markets, represented in “enhancing development, building capacities, and opening the door wide to using governance standards in all aspects of economic activities, in addition to the most important factor, which is opening global markets to the economies of the least developed countries or what are called Third World countries, not to mention improving the financial side of the participating countries in terms of reducing financial risks and removing obstacles facing the participating countries.”
Al-Muhammadi added that joining also constitutes a factor in reducing poverty, by creating opportunities for the unemployed through increasing economic activities and developing both the private and public sectors.
The WTO aims to ensure that foreign companies, investors and governments enjoy stability and predictability, confidence that trade barriers should not be arbitrarily raised, investment is encouraged, jobs are created and consumers can fully enjoy the benefits of competition, choice and low prices. link
The word I have is that Thursday night 25 July 2024, the US Treasury told Iraq that if they didn’t revalue their currency per the agreements “immediately,” UST would force the issue. Iraq responded that they were holding up because of concerns about some smaller banks that they suspected were doing business with the Iranians.
They are determined that no RV funds make their way to Iran, because the two countries are historic enemies.
UST responded by seizing the 5 banks, consolidating them into a single, manageable entity, and pushing the RV through. ...Sat. 27 July 2024 the Central Bank of Iraq made the announcement regarding this transaction. As far as I know, this is the last hurdle to the revaluation.
The issue of tampering with the budget schedules sparked great controversy in the House of Representatives, after approximately 2 trillion dinars from the budget were lost in a dramatic manner.
The General Secretariat of the Council of Ministers sent a letter to the House of Representatives to inquire about the manipulation occurring in the budget tables, as it was stated in the letter, “After examining the printed tables attached to the Parliament letter signed by the ( acting) Speaker of the House of Representatives, it was revealed that there are fundamental differences in them compared to the sent copy.” From the Council of Ministers and contrary to the text of the parliamentary decision.
Member of the Parliamentary Finance Committee, Representative Jamal Kujar, confirmed that the manipulation occurred after voting on the budget tables in Parliament.
He pointed out in a press statement that it was not known who was the party that tampered with the schedules, calling for an investigation to be opened into the matter.
The House of Representatives held its twenty-seventh session, headed by Mr. Mohsen Al-Mandalawi, Acting Speaker of the House, today, Monday, and in the presence of 199 deputies. The House of Representatives voted last May 18 on the schedules of the federal general budget law.
It seems that suspicions of losing the amount revolve around the Finance Committee as well as the Presidency of the House of Representatives.
For its part, the Finance Committee in the House of Representatives vacated its space regarding the issue of tampering with the budget tables for the current year.
Deputy Chairman of the Parliamentary Finance Committee, Ahmed Mazhar, told Al-Ma'louma Agency, “The committee is far removed from the issue raised regarding tampering with the budget tables. It discussed the tables according to the CD sent by the government and then submitted it for a vote to the Presidency of the House of Representatives.”
He added, "The government's raising of the issue of tampering with 2 trillion dinars in the budget tables, as it claims, is very surprising."
He explained, “If there is tampering with the budget tables, then the Presidency of the House of Representatives can be questioned.”
In order to clear its name, Parliamentary Finance formed an investigative committee on the matter, which aroused the ire of the Presidency of the Iraqi Council of Representatives.
For his part, a member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, expressed his surprise at the Parliament Presidency's objection to forming an investigative committee regarding the changes that occurred in the budget.
Al-Kadhimi told Al-Maalouma Agency, “Forming an investigative committee is the prerogative of the Finance Committee, expressing his regret over the objection of the Presidency of Parliament to the formation of the committee that does not require approval.”
He added, "The Finance Committee is in the process of inquiring about the reason for the difference in the budget tables between the parliamentary version and the government version, noting that the committee asked the relevant authorities to reveal the manipulation of the numbers."
In addition, the representative of the State Support Bloc, Muhammad Al-Ziyadi, confirmed that signatures had been collected to include a paragraph discussing the government's claim that the versions of the budget tables were different after voting on them.
Al-Ziyadi told the Maalouma Agency, “The government sent a letter to the House of Representatives claiming that the schedules that were sent to it by Parliament after the House of Representatives voted on them differ from those schedules that it sent to Parliament.”
He added, "This book created a confused atmosphere between Parliament and the government, and parliamentary signatures were collected to include a paragraph to discuss the issue in order to determine the truth of the dispute between Parliament and the government regarding the schedules and who was the party behind it. link
How FED’s New Bully Tactics Are Blocking Iraq from Joining BRICS
On July 28, 2024 By Awake-In-3D
Big Banksters increase their stranglehold on Iraq to block participation in the new gold-backed UNIT currency system.
The Banksters at the U.S. Federal Reserve have intensified their bullying tactics against Iraq.
In This Article
The U.S. Federal Reserve’s New Approach
Potential Impact on the Iraqi Banking System
The Federal Reserve’s Three Pillars of Strategy
Consequences for the Iraqi Government and Economy
This escalation seems driven by a clear motive: the FED will not stand idly by and allow Iraq to join the BRICS alliance or participate in the new gold-backed UNIT currency system.
This aggressive stance threatens Iraq’s financial stability and sovereignty, pushing the country towards an economic crisis.
The Iraqi government now faces a pivotal moment. It must rise to the challenge and stand up to the FED’s coercive measures to protect its economy and pursue its independent financial path.
The U.S. Federal Reserve has adopted a new, stricter policy toward Iraq, potentially creating an increase the dollar’s value against the dinar.
Economic researcher Ziad Al-Hashimi warns this shift will place significant pressure on Iraq’s banking system and economy.
Iraq officially expressed interest in joining BRICS in November 2023. The Iraqi Prime Minister, Mohammed Shia Al-Sudani, during a meeting with representatives of the Iraqi community in Russia. Photo: PMO
The U.S. Federal Reserve’s New Approach
Al-Hashimi reveals that the U.S. Federal Reserve’s latest strategy aims to curb any attempts by Iraq to stabilize its economy without adhering to Federal regulations.
The move is seen as a response to Iraq’s potential alignment with the BRICS alliance and participation in the new gold-backed UNIT currency system.
The Banksters at the US Federal Reserve have escalated their tactics, not wanting Iraq to break free from their influence.
Potential Impact on the Iraqi Banking System
The new strategy involves continued sanctions on certain Iraqi banks, ensuring these institutions remain banned from dollar transactions.
The Iraqi Stock Exchange Building
This action threatens the stability of Iraq’s banking system, limiting its ability to function efficiently and putting additional strain on the national economy. The FED’s bullying tactics aim to prevent Iraq from gaining financial independence and participating in the BRICS alliance.
The Federal Reserve’s Three Pillars of Strategy
The Federal Reserve’s strategy consists of three main pillars:
Continuation of Sanctions: Previous sanctions on specific banks will remain, indefinitely banning them from dollar trading.
Closure of Non-compliant Banks: Banks violating federal regulations regarding money laundering and dollar smuggling will face closure.
Exclusion of Government Intervention: The Iraqi government will be prevented from intervening in dollar-related matters, leaving this responsibility solely to the Central Bank of Iraq.
This strategy aims to tighten control over Iraq’s financial dealings and mitigate political influences from the Iraqi government
.
The FED’s actions are a clear attempt to ensure Iraq does not join the BRICS alliance or adopt the gold-backed UNIT currency system.
Consequences for the Iraqi Government and Economy
The Federal Reserve’s new approach places the Central Bank of Iraq in a precarious position, as it struggles to balance internal pressures with the need to comply with U.S. regulations.
This situation will lead to increased demand for the dollar, causing a devaluation of the Iraqi dinar.
The Iraqi government faces a critical decision: to comply with the Federal Reserve’s stringent measures or to challenge these tactics and seek alternative alliances, such as joining the BRICS and adopting the gold-backed UNIT currency system.
It’s time for the Iraqi government to stand up to the FED and assert its financial independence.
The Bottom Line
The U.S. Federal Reserve’s intensified approach toward Iraq threatens to destabilize the country’s economy.
With significant implications for the Iraqi dinar and the banking system, the Iraqi government must navigate these challenges carefully. Whether to stand up to the Federal Reserve or find a way to comply will shape Iraq’s economic future.
The Banksters at the US Federal Reserve will not easily allow Iraq to join the BRICS alliance, but the Iraqi government must take a stand for its sovereignty and economic well-being.
Finance Minister Taif Sami Mohammed and the World Bank delegation headed by Regional Director of Middle East Administration Jean-Christophe Carré, discussed on Monday the financing of transport and social development projects.
The ministry said in a statement, received by “Economy News”, “an important meeting was held at the headquarters of the Ministry of Finance today between the Minister of Finance Taif Sami Mohammed and the World Bank delegation headed by the Regional Director of the Middle East Department, Jean-Christoph Carré, to discuss ways to enhance cooperation in the field of economic and social development,” noting that “the axes of the meeting focused in particular, on supporting transport, railway and infrastructure projects related to the development route linking Iraq and Turkey to the European continent, in addition to financing the programs of the Social Fund for Development.”
She added that “these projects seek to improve the quality of services for citizens, promote economic growth, and provide new job opportunities, and the expected benefits of these projects are also summarized in the development of the road and transportation network, in addition to supporting small and medium enterprises and reducing poverty and unemployment.”
During the meeting, the two sides expressed, according to the statement, their “optimism that fruitful cooperation agreements can be reached, which will contribute to achieving sustainable development in Iraq.”
What I also noticed today about Nina/Lichtweiser and what I would like to confirm:
There have been major changes in the financial sector in recent weeks and anyone who is unwilling or unable to be in the white hats is considered a top-tier financial tycoon.
(the one with billions at stake) simply sinks or is crushed; the same thing happened with the generals (Staff General Charles BROWN), as we heard today.
To ensure that NO unforeseen events occur, we had many discussions and are now following the path that was negotiated two years ago. Light and darkness intertwine.
Starting today a kind of FINE TUNING will be carried out
(You need to readjust the wheels so that the new multiple entanglement situation can work with ISO certification.)
In fact, gold-backed QFS + GESARA implementations have already been implemented in the viable PRE phase and are already being used sporadically.
(test runs) - Will take a few more days with QFS and then RV, but then surprisingly in public with Iraq. Surprise dinar as always, that is, it appears all over the world.
The transition phase, or part of it, the energetic phase, will last, as I heard today, between 1 and 3 days. Freezer insurers pay attention if voluntary power outages occur.
I think the electrical problem will only cause time cuts. Free energy is already well positioned around the world.
https://t.me/mhc70
TRANSLATION IN SPANISH:
REDENCION2020
Lo que también he notado hoy sobre Nina/Lichtweiser y lo que me gustaría confirmar:
Ha habido cambios importantes en el sector financiero en las últimas semanas y cualquiera que no quiera o no pueda estar con los sombreros blancos es considerado un magnate financiero de primer nivel.
(el que tiene miles de millones en juego) simplemente se hunde o se aplasta; lo mismo sucedió con los generales (General de Estado Mayor Charles BROWN), como escuchamos hoy.
Para garantizar que NO ocurran imprevistos, tuvimos muchas discusiones y ahora estamos siguiendo el camino que se negoció hace dos años. La luz y la oscuridad se entrelazan.
A partir de hoy se realizará una especie de SINTONIZACIÓN FINA
(Debe reajustar las ruedas para que la nueva situación de enredos múltiples pueda funcionar con certificación ISO).
De hecho, implementaciones QFS + GESARA respaldadas por oro ya se han implementado en la fase PRE viable y ya se están utilizando esporádicamente.
(ejecuciones de prueba) - Tomará algunos días más con QFS y luego RV, pero luego, sorprendentemente, en público con Irak. Dinar sorpresa como siempre, es decir, aparece en todo el mundo.
La fase de transición, o parte de ella, la fase energética, durará, como he oído hoy, entre 1 y 3 días. Las aseguradoras de congeladores prestan atención si se producen cortes voluntarios de energía.
Creo que el problema eléctrico sólo producirá cortes horarios. La energía libre ya está bien posicionada en todo el mundo.
July 28, 2024 Last updated: July 28, 2024 Independent/- The “Med Projects” index for Gulf projects witnessed an increase of 0.7% during the period from June 7 to July 12, driven mainly by an increase in the value of projects in the Iraqi market.
The Iraqi market achieved significant gains amounting to $26.3 billion, equivalent to an increase of 7%. This rise is due to the reactivation of plans to establish a national network of high-speed railway lines throughout the country, reflecting the trend towards improving infrastructure and transportation in Iraq. In addition to Iraq, project markets in other Gulf countries witnessed remarkable growth, as the value of the project market in the UAE increased by about $10.6 billion, or by 1.3
Despite this growth, the project market in Saudi Arabia witnessed a contraction of $13.9 billion, which is equivalent to a decrease of 0.7%, returning to the value level it was in mid-May.
In Qatar, the value of the projects market increased by $3.9 billion, or 1.7%, while the projects market in Bahrain added $2 billion, or 2.9%. In Oman, the market witnessed a slight increase of $0.2 billion, equivalent to 0.1%.
The total value of the Gulf projects index
The value of the projects index in the Gulf Cooperation Council countries reached $3.447 trillion, recording an increase of 0.1% over the previous period.
The broader Gulf index, which includes Iraq and Iran, also rose by 0.7% to reach $4.138 trillion.
Thus, the index continues to rise for the sixteenth consecutive month since March 2023, reflecting the continuing upward trend in the regional projects market.
Impact of railway projects
A key factor in the index's recovery is renewed ambitions for rail projects in the region.
These projects are not only a way to improve infrastructure and facilitate transportation, but
they also promote economic development and provide new job opportunities.
Israel is getting ready to focus their ire on Iran. Iraq is about to take center stage! The troops start to leave in September. We are seeing the end of corruption worldwide.
Everyone needs to rise up against evil and finally start working together!
@JonDowling
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JON DOWLING
So Sudani/Abadi have now demanded a timeline for the US troops to start leaving, giving them until the end of next year. This was the edict Israel was waiting for in order to strike.
Notice in the articles Iraq says they are a part of the new international development bank. That means BRICS, which means they’re part of it now and they just haven’t admitted it yet.
And they’re telling you in the comms that the timeline for completion is September. Don’t shoot the messenger. We’re just letting you know their true plans so you can prepare accordingly for your new lives.
@JonDowling
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JON DOWLING
Now that Iraq is meeting in Washington and Netanyahu is wanting to go to DC, you have to figure that Israel is involved behind the scenes in these meetings planning their attack on the Iranian proxies.
@JonDowling
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Funny how America and Iraq copy each other. Dems and Rino’s going nuts because President Trump is safe and will lead to their exposure and demise. Similarly, Maliki in Iraq is going nuts trying to stop the reforms and ascension into the WTO, because he and his bastard goons know this is the end of them and their corrupt ways forever.
All Sudani needs to do is go to the border and talk to our military and tell them what’s up and let them go into parliament and pull out all the corrupt goons and this all ends. He is smart and most likely this will be his next course of action.
@JonDowling
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The US is giving Iraq one week to pick a new speaker of the house. Next week they’ll finally have one.
That coupled with the talks to join the WTO brings us another step closer to the RI. Ultimately it’s all a stall tactic until Israel does their part. See you in September.
Mahmoud Dagher: Iraq Needs A Sovereign Wealth Fund To Protect Its Economic Future
July 28, 2024 Last updated: July 28, 2024 Independent/- Veteran financial and banking expert Dr. Mahmoud Dagher confirmed that Iraq , despite being a rentier economy, does not yet possess a sovereign wealth fund that would enable it to enhance its economic growth and ensure its stability in the face of potential crises.
Dagher pointed out in a short video clip followed by Al-Mustaqla on Sunday that most countries that depend on depletable rentier resources and are exposed to price fluctuations have taken proactive steps by establishing sovereign wealth funds whose combined balances exceed more than ten trillion US dollars. Dagher:
Iraq is wasting its resources without a sovereign wealth fund - the future of our generations is in danger Dagher said:
“All countries with an exhaustible rentier resource, and which are witnessing fluctuations in the prices of these resources, have begun to establish sovereign funds to protect their economy and enhance their growth, away from the general budget and government policy.
These funds play a vital role in achieving economic stability and hedging countries against global and local financial crises.” Dagher added that the
absence of a sovereign wealth fund in Iraq is a major shortcoming in the country's
economic policy, especially in light of the heavy reliance on oil as a main source of revenue. He explained that
establishing such a fund would enable Iraq to secure the future of its generations and avoid economic shocks that may result from falling oil prices or global economic crises.
Dagher called on the executive and legislative authority in Iraq to accelerate the establishment of a sovereign wealth fund. must He said: “Iraq [must] follow the example of other countries that have established sovereign funds to fortify its economy and ensure its future. Establishing a sovereign fund will be an important strategic step to protect the Iraqi economy and secure the future of future generations.” Dagher pointed out that
sovereign funds play an important role in supporting sustainable economic policies, as they provide the necessary resources for long-term investments away from fluctuations in annual government revenues. He stressed that benefiting from international experiences in this field could contribute significantly to designing a sovereign wealth fund that meets Iraq's special needs and enhances its economic stability. https://mustaqila.com/صندوق-ثروة-سيادي/
