Saturday, September 21, 2024
Oil And Gas Parliamentary: There Is A Major Failure In The Work Of The Internal Control Department At The Ministry Of Oil, 22 SEPT
Oil And Gas Parliamentary: There Is A Major Failure In The Work Of The Internal Control Department At The Ministry Of Oil
Politics, Security and Economy September 20, 2024 The Parliamentary Oil and Gas Committee identified a major failure and a number of observations regarding the work of the Director of the Internal Control Department at the Ministry of Oil.
The committee’s spokesman, Ali Shaddad, told Al-Mirbad that his committee hosted the director of the Internal Control Department at the Ministry of Oil, and after directing a number of questions to him, it became clear that there were many delays in the work of the department, and it had become one of the departments that repelled cadres specialized in internal control, despite the fact that they were cadres who had undergone important training and were linked to financial control.
However, there were 35 employees who left the Internal Control Department during the current director’s tenure, and it is not easy to dispense with them.
Shaddad added that a number of questions were put to the director regarding suspicions of corruption in some contracts that were flagged by the Federal Financial Supervision Bureau, in addition to the failure of the Director of Special Supervision to adhere to the directives of the Minister of Oil, so the work in the department began to decline despite the importance of its work.
Pointing out that the Parliamentary Oil Committee decided that this hosting would be open until the next session, which will be determined later by the Oil and Gas Committee. https://www.al-mirbad.com/detail/167165#hathalyoum
LATEST BY MILITIAMAN, 22 SEPT
Militia Man
I looked today on the Ministry of Judiciary, their official gazette, and 4782 [The skipped issue that's potentially holding the budget] is not there. Again, there's a reason for it it. Does it mean it's not done? I don't know. But it's not there...It doesn't mean it's not going to be.
What we're seeing and witnessing is something we've never seen before and not at this level...Something's a foot and I think it's a powerful time frame for us to see something different with Iraq.
Article Quote: "Alaq...points out the decline in the price of oil has nothing to do with the rise in the exchange rate because Iraq has reserves for foreign currencies which enables it to defend the exchange rate." That's what central banks do my friends. They defend the exchange rate. That does not matter whether it's at 1310, which they've done, or if it's going to be at whatever the Real Effective Exchange Rate is going to be in the future. They've worked this out. This isn't something brand new. They know what they're doing. The drop the 3-zeros project is still...going to be applied.
Government Confirms Its Adoption Of A "Constructive Economic Policy", 22 SEPT
Government Confirms Its Adoption Of A "Constructive Economic Policy"
Time: 2024/09/20 Read: 1,820 times {Politics: Al Furat News} Prime Minister Mohammed Shia Al-Sudani met today, Friday, with the head of the Victory Coalition, Haider Al-Abadi, where the meeting witnessed discussions on a number of issues and files related to the work of the legislative and executive authorities. The two sides reviewed "ways to enhance cooperation and accelerate the basic requirements for implementing the government program in various fields."
During the meeting, Al-Sudani stressed that the government is adopting a constructive economic policy, improving the level of services that citizens receive from state agencies, alleviating their suffering, and completing the infrastructure that will provide an additional boost to development projects at various levels. ;LINK
LATEST FROM MNT GOAT, 22 SEPT
Mant Goat
Article Quote: “Iraqi banks have the qualifications to switch to the electronic system, noting that “the transformation of the financial sector to the electronic system with credit cards will pave the way for attracting international investments and increasing confidence in the Iraqi economy.”
I have to say it is all just about implementing the Electronic Payment and Inclusion of the banks into this new process...the CBI and the Finance Committee...are committed now to complete this effort, and I believe they are way beyond our expectations of just where they currently stand in this effort...In short summary, is this not what we all want to happen so they can pull the trigger on this revaluation and reinstatement.
...they are now telling us they can see light at the end of the proverbial tunnel. No, they do not directly tell us this but you can read into the articles and understand the tone...
Saudi airline begins flights to Iraqi airports, 21 SEPT
Mawazine News – Baghdad
Saudi Arabian airline (flyadeal) announced on Saturday the start of its flights to Iraqi airports.
The company said in a statement that this decision comes “to activate Iraqi-Saudi relations, and in line with the Iraqi government program, diplomatic efforts, mutual government visits and joint committees between the two countries.”
This aims to support Iraq’s efforts to open up to the Arab and global oceans, and to promote the Umrah season and the turnout of Iraqi Umrah pilgrims to perform Umrah.
Flyadeal Airlines has started operating large-capacity aircraft, operating three weekly flights between Baghdad International Airport, Najaf Airport and Basra International Airport.
The statement added that the company intends to increase the number of flights to become daily, to include all airports in Iraq, in order to accommodate the large numbers of Iraqi pilgrims and facilitate their flights and visit to the Kingdom
https://www.mawazin.net/Details.aspx?jimare=255189
WHERE ARE WE NOW" FROM BRUCE CC BY GEM FINCH, (ENGLISH & SPANISH), 21 SEPT
Gem Finch, [09/20/2024 12:39 PM]
ONLY INTELLIGENCE
*WHERE ARE WE NOW?*
This is where we are intelligence-wise: we are definitely aiming for a moving target; We should have been there yesterday, but where are we? The next seven days, and Bruce believes they will start over the weekend, are for NESARA to be out and looking for two major debt reliefs or mortgages or credit cards or both, so that when you set up your QFS, the funds from the R&R and SS increase should be in your account and they have all your account numbers and know everything about you, because of the KYC form.
And if you can, two forms of photo ID or any other ID you have, and a utility bill to see your address; and beyond that, your currency just has to be counted and verified and you will have the opportunity to have the WF accounts set up and the QFS account and cards for both and you will be able to transfer funds the same day.
Zim holders have a lot, but only transfer what you need for 30 to 60 days; You can transfer funds on your own or even with the Qphone you received at the time of your exchange; and that QFS card is only for transferring funds to your other main accounts. Maximum 3 banks.
A biometric fingerprint or thumbprint, a username and password, a five-digit PIN number, and a new email account, so you'll need a password for that too; then it will be ready. And three to five minutes to give a presentation of your projects and also if you have a medical need and you want to get into MedBed right away, they know that you will be able to get in quickly within five to six days after the exchange.
We're thinking about starting to do it since we didn't go at 4am today. because we were told we would receive our notification emails within 24 to 36 hours, so between 4 a.m. and 3 p.m. m. and 4 p.m. m. Friday for notifications and other sources, said it would be notified tomorrow and trading would begin on Saturday or Sunday, and that takes us to the end of the month.
Another idea is that we try to do all this by September, so this fiscal year is the last of the year that this will be done and NESARA, R&R and SS increased to reach this month.
TRANSLATION IN SPANISH
Gem Finch, [20/09/2024 12:39 PM]
SOLO INTELIGENCIA
*¿DÓNDE ESTAMOS AHORA?*
Aquí es donde estamos en cuanto a inteligencia: definitivamente estamos apuntando a un objetivo en movimiento; deberíamos haber estado allí ayer, pero ¿dónde estamos? Los próximos siete días y Bruce cree que comenzarán durante el fin de semana, son para que Nesara esté afuera y busque dos condonaciones de deudas importantes o hipotecas o tarjetas de crédito o ambas, de modo que cuando configure su QFS, los fondos de la R&R y el aumento de la SS deberían estar en su cuenta y ellos tienen todos sus números de cuenta y saben todo sobre usted, debido al formulario KYC. Y si puede, dos formas de identificación con fotografía o cualquier otra identificación que tenga, y una factura de servicios públicos para ver su dirección; y más allá de eso, su moneda solo tiene que ser contada y verificada y tendrá la oportunidad de tener las cuentas WF configuradas y la de QFS y tarjetas para ambas y podrá transferir fondos el mismo día.
Los titulares de Zim tienen mucho, pero solo transfiera lo que necesite durante 30 a 60 días; podrá transferir fondos por su cuenta o incluso con el Qphone que recibió al momento de su intercambio; y esa tarjeta QFS es solo para transferir fondos a sus otras cuentas principales. Máximo 3 bancos.
Una huella dactilar o del pulgar biométrica, un nombre de usuario y una contraseña, un número PIN de cinco dígitos y una cuenta de correo electrónico nueva, por lo que también necesitará una contraseña para eso; luego estará listo. Y de tres a cinco minutos para hacer una presentación de sus proyectos y también si tiene una necesidad médica y desea ingresar a MedBed de inmediato, sabrán que podrá ingresar rápidamente dentro de los cinco a seis días posteriores al intercambio.
Estamos pensando en empezar a hacerlo, ya que no fuimos hoy a las 4 a. m., porque nos dijeron que recibiríamos nuestros correos electrónicos de notificación en un plazo de 24 a 36 horas, por lo que entre las 4 a. m. y las 4 p. m. del viernes para las notificaciones y otras fuentes, dijeron que se notificaría mañana y comenzaría el intercambio el sábado o domingo, y eso nos lleva hasta el final del mes.
Otra idea es que intentemos hacer todo esto para septiembre, por lo que este año fiscal es el último del año en que se hará esto y Nesara, R&R y SS aumentaron para llegar a este mes.
DINAR REVALUATION REPORT: Iraq Fund for Development: New Governance Approval 2024, 21 SEPT
Iraq Fund for Development: New Governance Approval 2024
On September 21, 2024, the Iraq Fund for Development (IFD) announced the approval of a new governance structure, marking a significant milestone in the country's efforts towards economic stabilization and sustainable growth.
Economic Outlook and Reforms
The IFD's new governance framework comes at a critical juncture for Iraq's economy. Ongoing contraction in economic activity, due to OPEC+ restrictions on oil production and a halt in Kurdistan's oil exports to Turkey since March 2023, has led to a fall in Iraqi oil production. However, with the phased lifting of quotas between September 2024 and December 2025, Iraq anticipates a gradual increase in production, paving the way for economic recovery and growth by 2025.
The government's focus on encouraging investment in the oil and gas sector is evident in the trilateral investment agreement signed in July 2024, worth USD 27 billion over 25 years, between Basrah Oil Company, TotalEnergies, and QatarEnergies. This agreement aims to boost production from the Ratawi oil field in Basra and improve electricity supply by recovering flared gas for power stations.
Moreover, the government's commitment to investing in local infrastructure, healthcare, electricity, and education services, as part of the 2023-2025 budget, reflects a strategic move towards inclusive economic development.
Sustainable Development and Infrastructure
KBR's recent contract award highlights Iraq's focus on regenerative projects and sustainable growth. The contract, valued at $46 million, tasks KBR with supporting the Ministry of Planning in economic planning, strategy development, feasibility studies, and large-scale project management. KBR's role in enhancing Iraq's energy sector and promoting environmental stewardship aligns with the country's long-term vision for growth.
Environmental and Social Resilience
The unveiling of Iraq's National Strategy for Environmental Protection and Improvement (2024-2030) demonstrates the government's commitment to addressing environmental challenges and enhancing social resilience. This strategy, developed in collaboration with national institutions, environmental experts, and civil society, aims to mitigate environmental pressures and support vulnerable populations.
Governance and Transparency
The approval of the new governance structure for the Iraq Fund for Development underscores the government's commitment to improving governance and attracting domestic and foreign investors. Efforts to align with international financial standards and enhance transparency are crucial steps in fostering trust and investment in Iraq's development projects.
Conclusion
The approval of the new governance for the Iraq Fund for Development in September 2024 signifies a pivotal moment in Iraq's economic trajectory. By focusing on sustainable development, environmental protection, and governance reforms, Iraq is positioning itself for a more resilient and prosperous future.
The first of its kind. Iraq Fund for Development announces the approval of new governance, 21 SEPT
Mawazine News – Baghdad
The Iraq Fund for Development announced on Saturday the approval of a new governance, which is the first of its kind, and while explaining the details of the “investor rental service”, he set a date for the start of establishing 400 schools after completing their designs.
The Executive Director of the Fund, Mohammed Al-Najjar, said: “The Board of Directors of the Iraq Fund for Development periodically holds meetings, and the last meeting was exceptional as it included the approval of the so-called new governance that was not previously beaten in Iraq and the possibility of the Fund working in accordance with other funds around the world,” noting that “governance is required because most projects are investment and governance in them will generate a transparency issue in the entry and exit of funds.”
He added that “the second axis discussed the activation of the Duben project for schools and the guarantees required from investors in schools to the government or the fund; with the aim of starting the project within a month.”
Regarding the purchase of services from investors, Al-Najjar said that “the fund is on its way to activating the rental service from the investor, as the school that is built is rented by the investor for ten years and then returns to the state,” pointing out that “the basic idea of this work is that it will enable us to build 10 schools for one previously.”
He stated, “We started buying the cost, which is divided into ten years in the form of rent, and this allows the construction of 10 schools at the same time instead of one,” pointing out that “the importance of moving capital from investors and the private sector to make profits through rents.”
He pointed out that “this leads to the creation of a large movement of schools that are built simultaneously and create great job opportunities and the demand for raw materials and makes the private sector an essential part with the government in the implementation of strategic projects,” pointing out that “at the beginning of the establishment of the fund, it was discussed to transform the clay schools that fall and caravanism to be implemented with this system, as the total number according to the available statistics are 1750 schools.”
He stressed that “the fund will start the first 400 schools within a month or less because the designs have been completed and the contracts with consulting companies have been completed, and what remains is the choice of investors capable of implementing the first 400 schools according to international standards.”
He stated that “these schools will be environmentally friendly, and built in low-afforested areas,” pointing out that “no money will be granted until the school receives the first rent.”
He pointed out, “If we succeed in this service, there are countries and organizations that will benefit from its funding.”
Regarding the presidential palaces in Basra, he pointed out that “the palaces are located in a very important location and will allow the existence of structures that serve tourism significantly in Iraq, in addition to the fact that they provide very large resources.”
https://www.mawazin.net/Details.aspx?jimare=255211
ABOUT A BILLBOARD IN ZIMBABWE BY JON DOWLING, 21 SEPT
Steve:
This is from Mahoney and Jon Dowling video today 9.20.24. This is a billboard in Zimbabwe. The vice president is running for president. And in his mandate he will be honoring the Zim bonds that we have if he is voted in. Thinking this is actually going to happen and usher in the RV as well. Not sure on the 1 to 1 though. But do know that Zimbabwe is an incredibly rich country. Top 4 in the world for in ground assets.
The United States is moving towards reducing the number of troops in Iraq by 2026, 21 sept
Mawazine News – Reports
The American newspaper “Politico” reported on Saturday that the United States is preparing to announce an agreement with Baghdad this week, related to reducing the number of American troops in Iraq.
The troops, currently numbering 2,500 troops, are expected to leave by the end of 2026, a decision that sparks widespread controversy among some American lawmakers.
The report pointed out that negotiations between the Iraqi and American sides have reached their final stages, while there is still concern about the continuation of the battle against the remnants of terrorist organizations in Iraq and Syria.
A senior US Department of Defense official confirmed that “terrorist organizations have been defeated on the ground, but the threat they pose remains.”
This agreement is expected to be announced after a meeting between American and Iraqi officials on the sidelines of the United Nations General Assembly in New York.
The agreement is part of President Joe Biden’s administration’s efforts to reorganize U.S. commitments abroad before the end of his term.
But the decision sparked concern in Congress, where Republican House Armed Services Committee Chairman Mike Rogers expressed frustration with the deal, saying it “lacks any strategic military advantage” and could lead to the strengthening of terrorist organizations.
Despite these criticisms, US and Iraqi special forces continue to carry out attacks against the leaders of terrorist organizations, and a Defense Department official confirmed that these operations will continue even as the US presence in Iraq has been reduced.
This comes at a time when the Iraqi Prime Minister, Mohammed Shia Al-Sudani, announced that “the justifications are no longer available” for a major American forces presence, referring to the achievement of stability and the decline in the threat of terrorist organizations.
Iraqi Defense Minister Thabet Abbasi also confirmed that an agreement had been reached to transform Operation Inherent Resolve into a sustainable security partnership.
Despite the decrease in the threat of terrorist organizations compared to previous years, the report indicates an increase in the pace of attacks by the organization in Iraq and Syria during the current year, where the organization carried out 153 attacks in the first half of 2024 compared to 121 attacks last year.
In conclusion, the report stated that the negotiations between the United States and Iraq focus on moving from a military mission to a long-term bilateral security partnership, in cooperation with all international coalition partners.
Weekend Chat with MarkZ 21-9-2024
Weekend Chat with MarkZ 21-9-2024
WE SPEND THE FIRST 45 MINUTES WITH CBD MATT AND LUCAS AND MARK WILL GIVE THEIR NEWS UPDATE!
Partner: Good morning and welcome to the weekend.
MZ: Since the topic of recreational vehicles is quiet, today I want to answer questions and talk about Zim.
MZ: I know some people from the rescue center who are on duty today.. There are many rumors that Monday morning we will wake up and see it (RV)... Idk but the rumors are deafening.
MZ: I have yet to see a couple of key people move to the western US headquarters. UU. They haven't been called there yet. Is this something last minute?
MZ: There is a lot of activity and news about Iraq is excellent. Many meetings are being held between now and the 25th.
MZ: I strongly believe that the month of September is still very much at stake.
Member: The PTB should hurry up then... 9 days to go
Member: I hear they want VR to start September 30th since it's the end of the fiscal year.
Member: I'm layover in Reno. I think I'm gonna go "Whale Hunting". I have questions I need answering. By the way, can you describe how they are?
MZ: Let's talk about Zim first. Many people are still wondering if it will be worth it or not. What are the expectations and what do I understand about it?.
MZ: Know that ZIG, the gold-backed Zimbabwe currency, is very different from the Zimbabwean farm cheques and banknotes that most of us have.
MZ: I understand that Zimbabwe's bond exchange funds are from humanitarian funds. Since it's taken so long, these funds have been generating interest.. and they're like a modern day prosperity package.
MZ: This does not mean that all the exchange funds have to be allocated to humanitarian projects.
Member: Zim is a bonus to the bearer that will be paid to the bearer the nominal value of the I'll pay in my opinion.
Member: Do you think they will have projects we can choose from?
Member: We've been told that there are shortlisted projects you can select on ZIM
MZ: I was told they will present us a short list of which we can choose from.
MZ: I've been told that the Agro checks funds do not come from humanitarian funds. They are totally for you and your personal use.
MZ: Those of us who know best, the 100T notes, I understand that for each note, between 30 and 50 million dollars will go to your pockets for your personal use... and you will have the ability and option to get more and allocate them to humanitarian projects.
Member: Will they only accept the 100T notes or the lesser ones?
Member: Mark said in the past that everyone will be honored.
Member: Can we exchange more than one Zimbabwe bond? I've heard rumors that's all they will accept.
MZ: I heard we can trade as many as we want/have... no limit.
Member: Can you make 2 different dates to swap if you're out of town?
MZ: Yes... I've been told repeatedly that's the case... but they'd rather we do it on a single date. However, they understand that logistically this may not be possible due to travel, locations, etc.... Try to organize and make things easier for them and yourselves if you can.
PROJECT DELETE ZEROS: THIS IS THE REASON OF SO MUCH ECONOMIC REFORMS THAT ARE UNDERWAY IN IRAQ, 21 SEPT
Reform Dependency
The success of removing zeros heavily depends on implementing comprehensive economic reforms that address underlying issues rather than merely changing the currency format.
⚙️( THIS IS THE REASON OF SO MUCH ECONOMIC REFORMS THAT ARE UNDERWAY IN IRAQ RIGHT NOW)
---
With The Economic Reforms that are Underway in Iraq the CBI intends:
1- Eliminate de Dollar Dependence
2- Controlling the Parallel Market
3- Controlling the Inflation
if we join the dots this will lead to the next phase : Currency Simplification or the Project of Delete Zeros from the Iraqi Dinar.
Source: https://dinarevaluation.blogspot.com/2024/09/al-alak-we-are-constantly-reviewing.html
DINAR REVALUATION HIGHLIGHTS: CBI IS REVEWING THE PROJECT TO REMOVE ZEROS FROM THE IRAQI DINAR, 21 SEPT
Summary
The Central Bank of Iraq, led by Governor Ali Mohsen Al-Alak, is reviewing the project to remove zeros from the Iraqi dinar as part of a monetary reform strategy. This initiative aims to stabilize the currency amid rising inflation and economic challenges, simplifying transactions and restoring confidence in the dinar. However, the success of this project hinges on accompanying economic reforms, given the significant increase in currency volume since 2004.
Highlights -📉
- Central Bank of Iraq reduces reliance on the US dollar. 🇮🇶
- Project to remove zeros is under continuous review. 🔄
- Removing zeros aims to stabilize the national currency. 💵
- Historical context: Currency volume surged from 6 trillion to over 100 trillion dinars since 2004. 📈
- High inflation may necessitate currency reform. ⚠️
- Cash supply nearing 179 trillion dinars requires better management. ⚙️
- Economic reform must accompany currency changes for success. 🔑
Key Insights -💡
- Dollar Dependence: Reducing reliance on the US dollar may enhance Iraq’s economic sovereignty, but transitioning to a more self-sufficient currency system presents challenges. 🔄
- Currency Simplification: The removal of zeros can simplify transactions; however, it must be perceived positively by the market to avoid confusion or distrust among consumers. 🤔
- Inflation Control: High inflation pressures necessitate monetary reforms to prevent the dinar’s value from eroding, which could stabilize the economy in the long term. 📉
- Historical Context: The growth in currency volume since 2004 highlights the economic instability that necessitated this reform, indicating past mismanagement of currency. 📊
- Cash Management: With the current cash supply approaching 179 trillion dinars, effective management and accounting processes are critical to prevent economic miscalculations. 📋
- Reform Dependency: The success of removing zeros heavily depends on implementing comprehensive economic reforms that address underlying issues rather than merely changing the currency format. ⚙️( THIS IS THE REASON OF SO MUCH ECONOMIC REFORMS THAT ARE UNDERWAY IN IRAQ RIGHT NOW)
- Public Perception: If the public perceives the removal of zeros as a mere cosmetic change without real economic improvement, it could lead to skepticism and resistance to the reform. 🤨