The leader of the Patriotic Union of Kurdistan, Mahmoud Khoshnaw, confirmed the existence of a positive atmosphere between Baghdad and Erbil in the financial and economic aspects, while pointing out that solving the oil export crisis and securing the salaries of the Kurdistan Region is the responsibility of the Federal House of Representatives.
The useful summary.. In the important news, you will find it on the Al-Furat News channel on Telegram.To subscribe, click here
Khoshnau explained {For the Euphrates News} that: “Amending Article 12 of the Budget Law, relating to the resumption of oil exports, is an essential step in this direction.
” He pointed out that “the Federal Ministry of Finance confirmed that it is not possible to pay the Kurdistan Region’s share of the budget unless the export of oil is resumed, in return, the region expressed its readiness to export oil, but the problem lies in the absence of agreement and agreement with the producing companies in the region.” Khoshnau added that “the Kurdistan Region handed over the entire oil file to the federal government, which makes the ball now in the court of the Iraqi Ministry of Oil,” praising “the efforts of the federal government in this file, as it submitted a project to the House of Representatives that includes four paths to resolve the crisis.” The leader of the National Union concluded by stressing “the need for all parties to adopt the establishment of the pillars of readiness and cooperation to solve this crisis, especially as it relates to the salaries of employees and retirees, who are long overdue for a radical solution to this problem.” An official document revealed Erbil’s refraint from paying oil revenues for the months of the Federal Ministry of Finance. The document, obtained by {Euphrates News}, included an official address between the Federal Ministry of Finance and the region to explain the reasons for Erbil’s abstaining from paying the amounts of oil revenues for the months of (July-Aust-September).
I Think The ministry of Oil is ready…….
Politics: Euphrates News} The leader of the Patriotic Union of Kurdistan, Mahmoud Khoshnaw, confirmed the existence of a positive atmosphere between Baghdad and Erbil in the financial and economic aspects,
while pointing out that solving the oil export crisis and securing the salaries of the Kurdistan Region is the responsibility of the Federal House of Representatives.
The useful summary..
In the important news, you will find it on the Al-Furat News channel on
http://Telegram.To subscribe, click here
Khoshnau explained {For the Euphrates News} that: "Amending Article 12 of the Budget Law, relating to the resumption of oil exports, is an essential step in this direction."
He pointed out that "the Federal Ministry of Finance confirmed that it is not possible to pay the Kurdistan Region's share of the budget unless the export of oil is resumed, in return, the region expressed its readiness to export oil, but the problem lies in the absence of agreement and agreement with the producing companies in the region."
Khoshnau added that "the Kurdistan Region handed over the entire oil file to the federal government, which makes the ball now in the court of the Iraqi Ministry of Oil," praising "the efforts of the federal government in this file, as it submitted a project to the House of Representatives that includes four paths to resolve the crisis."
The leader of the National Union concluded by stressing "the need for all parties to adopt the establishment of the pillars of readiness and cooperation to solve this crisis, especially as it relates to the salaries of employees and retirees, who are long overdue for a radical solution to this problem."
An official document revealed Erbil's refraint from paying oil revenues for the months of the Federal Ministry of Finance.
The document, obtained by {Euphrates News}, included an official address between the Federal Ministry of Finance and the region to explain the reasons for Erbil's abstaining from paying the amounts of oil revenues for the months of (July-Aust-September).

Ragheed
Finance Minister Taif Sami announced on Saturday the financing of the full salaries of the region’s employees for 2024.
The useful summary.. In the important news, you will find it on the Al-Furat News channel on Telegram.To subscribe, click here
“Employees’ Salaries During 2025 Are Fully Secured,” Sami Said During Her Hosting At The Parliamentary Finance Committee, Stressing That “The Federal Government Paid More Than 11 Trillion Salaries To The Employees Of The Kurdistan Region. The Authorities In Kurdistan Did Not Hand Over The Region’S Oil And Non-Oil Revenues To The Center.”
She added, “The region’s non-oil revenues amounted to more than 4 trillion dinars. Erbil sent only 320 billion dinars to Baghdad, and we financed the entire salaries of the region’s employees for 2024 and are not responsible for not delivering them to their entitlements.”
For his part, the head of the Parliamentary Finance Committee, Atwan Al-Atwani, said that “we discussed during the hosting of the Minister of Finance the budget schedules of 2025 and the file of employees’ salaries.”
He explained that “the hosting mainly aims to determine the priorities of spending in the 2025 budget and the proposal to amend Article (12) in the Tripartite Budget Law,” stressing that “the Committee is keen to integrate the work between the legislative and executive authorities.”
Member: Thought HCL was Approved already a few weeks ago? They really do like to kick the can
Member: Second Reading on Monday ONLY if not postponed AGAIN
Member: Goldilocks said HCL was done and they were only waiting for 2 laws to be signed in quickly and we are good to go. I believe they were signed in already.
MZ: I am being told if the second reading goes well….they will immediately do the third reading …then Boom we will finally have the HCL.
Member: This is mental gymnastics because it was said that HCL had been already done. They had a second reading before last year. It seems like they are trying to throw off timing on this
.
MZ: No updates on CMKX, Mr. C or the bond side yet today
Member: I heard a rumor that Sudani said the IQD would be worth $54 cents in the next 72 hours.
Member: At this point, I don't care what the rate is. Just get it done. I will make it work
MZ: I had not heard that tumor yet…but who would jump on it? I would sure think about exchanging and holding it in a multi currency account
Baghdad-INA Prime Minister Mohammed Shia Al-Sudani directed today, Saturday, work on complete tourism projects and offering them as a single package.
The Prime Minister’s Media Office stated in a statement received by the Iraqi News Agency (INA), that “the Prime Minister chaired a meeting dedicated to presenting a package of tourism projects planned to be established in the capital, Baghdad, and the rest of the governorates.”
The Prime Minister pointed out, according to the statement, that “tourism and its components are available in Iraq, and it can be transformed into a basic source in the non-oil economy, with the availability of opportunities, local need, and the desire of citizens to benefit from and enjoy modern, advanced, and environmentally friendly tourism facilities, as it represents a gateway to expanding the elements of attraction for incoming tourism from abroad.”
The Prime Minister highlighted “the importance of investing in the opportunity of choosing Baghdad as the capital of Arab tourism for the year 2025, building attractive tourist and entertainment facilities, overcoming bureaucratic obstacles, and creating more suitable conditions to attract foreign investment in this sector.
”
The Prime Minister directed, according to the statement, “to work on maturing tourism projects and offering them as a single package, especially since developing this sector will contribute to strengthening and diversifying the national economy by activating vital sectors, including the tourism sector, which the government is keen to activate for the next stage, based on its government program.”
The statement continued, “The meeting approved extending an invitation to a Spanish company specialized in tourism development in order to put projects related to this sector on track, as well as to develop the capabilities of specialized cadres in tourism and keep pace with the latest developments witnessed by this sector globally. 21 tourism projects were also reviewed, including hotels, resorts, sustainable forests, cities and entertainment complexes in Baghdad and various governorates, which provide the reasons for attraction, infrastructure and economic feasibility.”
...we did understand that there was a conference call...that would have incorporated all of the redemption centers, leaders and bank managers, at least bank managers throughout the country, the US...what was interesting was that there were two main things...
that they discussed...on this conference call, one of which was that these currencies which we're exchanging, they are not a taxable event...
it was designed to be way on purpose. Now, the income that you earn from interest being paid on your account in the bank that interest is called passive income, and it will be taxed, but the event itself, the exchange of currencies...is not taxable... [Always check with your tax professional at the appropriate time.]
Reveals details of the restructuring plan for Rafidain and Rashid Banks
An economic expert revealed the government’s plan to restructure its two banks, Rafidain and Rashid.
Salah Nouri told Al Furat News Agency, "The reasons for restructuring Rafidain and Rashid banks are the presence of bad financial assets, most of which are loans granted that were impossible to obtain before 2003, which led to a decline in the credit rating by international financial institutions and the refusal to deal with them."
He explained that "in order to restore international confidence in the two banks, it is necessary to restructure the two banks by excluding bad financial assets from the financial center of the two banks and using modern technology and establishing two parallel banks, one for Rafidain and the other for Rashid, to which the bad financial assets will be transferred."
He explained, "After separating Rafidain Bank into a bank that owns sound financial assets and another parallel Rafidain Bank that owns bad financial assets, as well as Rashid Bank into Rashid Bank that owns sound financial assets and Rashid Bank that owns bad financial assets, Rafidain and Rashid banks, which own sound financial assets, will be merged into one bank, as well as merging Rafidain Bank with bad financial assets with Rashid Bank with bad financial assets into one bank."
Nouri said that "the new bank after the merger with sound financial assets will practice cash and contractual credit activities and dealings with international financial institutions, but the new bank after the merger with sound financial assets needs capital support with not small amounts, and this must be determined by the party that supports the capital, according to the government decision."
He noted that "among the financial activities of the new bank is the use of artificial intelligence in addition to bank employees with high technical skills."
He continued that "the process of restructuring the two banks financially and organizationally since 2011 with the membership of the Federal Board of Financial Supervision, the Central Bank of Iraq, the international auditing firm EY, the Ministry of Finance and the two banks concerned, has stopped, and currently the process of restructuring the financial and organizational structure has been resumed by assigning the international auditing firm according to the methodology referred to above."
Prime Minister Mohammed Shia al-Sudani chaired a special meeting yesterday, Thursday, to discuss the development of the work of government banks, in the presence of representatives of Ernst & Young for Auditing and Financial Consulting.
The Prime Minister explained that "the completion rate of the project to restructure Rafidain Bank has reached its final stages, stressing that it will enter into force in the coming few days, within the framework of a plan that has been studied and implemented according to the established standards and specifications."
Meanwhile, the Prime Minister's financial advisor, Mazhar Mohammed Salih, revealed to {Al Furat News} that a new banking entity is about to be born in Iraq.
Salih said that "the study aims to establish a new banking entity specializing in government banking operations, to meet the needs of the government exclusively. This entity will contribute to achieving the goals of the unified treasury account, which is a crucial tool for regulating cash flows for public finances."
He pointed out that "the study focuses on evaluating the legal status of the two banks, including property rights, evaluating assets and liabilities, and studying the requirements of a strategic partner if necessary, with a focus on developing the two entities to operate according to advanced financial technology that meets the requirements of the national banking market."
He stressed that "the structural reform also aims to enhance the integration of the two banks into the national banking market and enable them to expand into global financial markets, especially in the areas of trade and investment financing for the private sector," indicating that "the two potential entities will rely on modern systems in compliance, governance and risk management, with a focus on digital payments." link
📊 Banking Restructuring: Prime Minister Muhammad Shia Sudani revealed a study aimed at restructuring Iraq’s dominant banks, Rafidain and Al Rashed, to enhance their financial stability.
💰 Legislative Progress: The Iraqi Council of Representatives is set to discuss important draft laws, including amendments to the retirement law and budget laws.
📈 Stock Market Growth: The Iraqi Stock Exchange has reported significant growth, reflecting increased investor confidence and robust trading volumes.
⛽ Oil Sector Developments: Iraq’s oil production has seen extensive distribution, with new operational centers inaugurated to enhance efficiency in the oil sector.
📶 Telecommunications Enhancement: Iraq’s Ministry of Communication is partnering with UK-based companies to establish a new 5G network, aiming to improve service quality and create job opportunities.
🚨 Unified Emergency Number: The introduction of a unified emergency number (911) marks a significant step towards improving security services and citizen communication in Iraq.
🌍 Kurdistan Regional Contributions: The budget allocation for the Kurdistan Region has seen an increase, indicating a shift in relations between regional and federal governments in Iraq.
Key Insights
📊 Bank Restructuring as a Catalyst for Growth: The restructuring of Rafidain and Al Rashed banks is a vital step towards modernizing Iraq’s banking sector, which has suffered from outdated practices and poor financial health. By integrating advanced technologies and potentially forming strategic partnerships, these reforms could enhance trust among international financial institutions, thereby attracting foreign investment and fostering economic growth.
💰 Legislative Framework for Economic Stability: The discussions in the Iraqi Council of Representatives highlight the government’s commitment to reforming existing laws that govern pensions and budgets. This legislative activity is crucial for ensuring financial stability and addressing the needs of various demographics, particularly retirees and minority groups, thereby promoting social equity and economic inclusion.
📈 Investor Confidence in the Stock Market: The reported growth in the Iraqi Stock Exchange is significant as it reflects a positive shift in investor sentiment. Increased trading volumes and values indicate that investors are beginning to view Iraq as a viable investment destination, which could lead to greater economic development and diversification away from oil dependency.
⛽ Strategic Development in the Oil Sector: The inauguration of new operational centers in Iraq’s oil sector not only enhances production efficiency but also demonstrates the government’s focus on modernizing its energy infrastructure. This is crucial for sustaining oil revenues, which are integral to the national economy, especially in light of fluctuating global oil prices.
📶 Technological Advancement in Telecommunications: The partnership with UK firms to create a 5G network represents a significant leap towards modernizing Iraq’s telecommunications infrastructure. This initiative is expected to improve service quality, reduce costs, and spur economic activity by fostering connectivity and technological integration across various sectors.
🚨 Improving Public Safety Services: The establishment of a unified emergency number (911) signals a commitment to enhancing public safety and emergency response services in Iraq. This initiative is essential for building trust between citizens and government institutions, ensuring that residents feel secure and supported in times of crisis.
🌍 Strengthening Regional Relations: The increased budget allocation for the Kurdistan Region indicates a potential shift towards more cooperative relations between regional and federal governments. By addressing the financial needs of the Kurdistan Region, the Iraqi government may be laying the groundwork for more stable governance and promoting national unity amidst ongoing political challenges.
Through these initiatives and developments, Iraq is positioning itself for a transformative period that could lead to greater economic stability, improved public services, and enhanced investor confidence. However, the effectiveness of these reforms will depend on the successful implementation of strategies that address the underlying challenges faced by the country’s financial and governmental institutions. As such, continuous monitoring and adaptation to both domestic and international economic conditions will be critical for Iraq’s path forward.
Iraq awaits "financial challenges".. Dollar scarcity, liquidity declines, and salary reserves are sufficient for 6 months
International economics expert Nawar Al-Saadi confirmed today, Friday (January 10, 2025), that Iraq is facing major and dangerous financial challenges, and these challenges must be avoided through real reforms.
Al-Saadi said in an interview with Baghdad Today that “the financial challenges in Iraq are ongoing, but recently they have begun to threaten its monetary stability and raise concerns about their impact on the government’s ability to pay salaries in the coming months.
I do not believe that they will lead to an inability to pay salaries, as the Ministry of Finance has a reserve that may reach at least 6 months, but this concern stems from several data and indicators that have emerged recently, including that the Iraqi economy depends almost entirely on oil revenues, which represent the main source of government revenues, and any decline in global oil prices leads to a reduction in these revenues, which puts additional pressure on the general budget and increases the possibility of a financial deficit.”
He pointed out that "there are problems related to foreign currency management, as dollar smuggling operations have worsened through some unofficial outlets and weak supervision of banks, which has led to a shortage of dollars in the local market and a decrease in general liquidity. This affects monetary stability and puts the government in difficulty in financing salaries, especially with the increasing reliance on cash reserves to cover this deficit."
He added, "The banking sector suffers from a lack of confidence among citizens, as many prefer to keep their money outside the banking system, and this behavior contributes to reducing the cash flow available in the market, which adds further complexity to the financial situation."
The international economics expert concluded by saying, "In short, Iraq's financial situation requires urgent reform steps that include diversifying sources of income, improving revenue management, and enhancing citizens' confidence in the banking system, to avoid a liquidity crisis that could have broad repercussions on the economy and society." link
FIREFLY:Parliament just announced the next session will include amending the budget. It's on TV now...Sudani wanted this done by the 6th, no later than the 7th and now they're come out 3 days later saying okay, okay okay we're going to do it. TV keeps going over the parliament plans on amending the investment budget in the next two sessions that are coming...
FRANK: If they truly do anything with the budge it will be exposing the new exchange rate.
It can become a major source of income in the economy.. Al-Sudani directs the maturation of tourism projects
Prime Minister Mohammed Shia Al-Sudani stressed, today, Saturday (January 11, 2025), the necessity of investing in Baghdad as the capital of Arab tourism to launch tourism development projects, considering that it can be transformed into a primary source in the non-oil economy.
The Prime Minister's media office stated in a statement received by "Baghdad Today" that "Al-Sudani chaired a meeting today, Saturday, devoted to presenting a package of tourism projects planned to be established in the capital, Baghdad, and the rest of the governorates."
According to the statement, Al-Sudani directed to work on maturing tourism projects and offering them as a single package, especially since developing this sector will contribute to strengthening and diversifying the national economy by activating vital sectors, including the tourism sector, which the government is keen to activate for the next stage, based on its government program.
He pointed out that tourism and its components are available in Iraq, and it is possible to transform into a basic source in the non-oil economy, with the availability of opportunities, local need, and the desire of citizens to benefit from and enjoy modern, advanced, and environmentally friendly tourism facilities. It also represents a gateway to expanding the elements of attraction for incoming tourism from abroad.
The Prime Minister explained the importance of investing in the opportunity of choosing Baghdad as the Arab Tourism Capital for the year 2025, building attractive tourist and entertainment facilities and installations, overcoming bureaucratic obstacles, and creating more suitable conditions to attract foreign investment in this sector.
According to the statement, the meeting approved extending an invitation to a Spanish company specialized in tourism development in order to put projects related to this sector into action, as well as to develop the capabilities of specialized tourism cadres and keep pace with the latest developments witnessed by this sector globally.
21 tourism projects were also reviewed, including hotels, resorts, sustainable forests, cities and entertainment complexes in Baghdad and various governorates, which provide attractions, infrastructure and economic feasibility. link
📈 Transition to Electronic Finance: Iraq is making strides towards an electronic financial system to improve efficiency and reduce the need for physical cash.
💵 Revamped Currency Transfer Mechanisms: Changes in foreign currency transfer processes are being implemented to enhance the flow of legitimate trade.
🏭 Focus on Industrial Growth: The Prime Minister’s advisor predicts 2025 will mark a turning point for Iraq’s industrial sector, moving away from oil dependency.
📅 Parliamentary Agenda Insights: Upcoming votes on significant laws, including amendments to the investment law and budget discussions, could initiate substantial economic reforms.
🔄 Bank Restructuring Initiatives: Plans to restructure major banks are underway, aimed at enhancing Iraq’s banking capabilities and integration into the global market.
🌍 International Cooperation: Iraq’s stock market is seeking to establish cooperation agreements with regional financial markets, indicating a move towards greater economic integration.
🔒 Efforts Against Unlicensed Financial Operations: The Central Bank of Iraq is taking steps to address unregulated financial practices and enhance the supervision of currency exchanges.
Key Insights
💡
Electronic Financial Transactions: The shift towards electronic transactions aims to mitigate cash shortages in Iraq, allowing the government to reduce the costs associated with printing currency. By minimizing the reliance on cash, the government can streamline economic operations and reduce the risks associated with physical currency handling. This transition is crucial for bolstering Iraq’s financial integrity and promoting a more controlled economic environment.
📊 Mechanisms for Currency Transfer: The closure of traditional dollar auctions and the introduction of new mechanisms for foreign transfers reflect a strategic shift in Iraq’s economic policy. This change aims to enhance liquidity and speed in financial transactions, which can attract foreign investment and stabilize the economy. By limiting access to dollars for illegal trade, the government is reinforcing the legal financial framework that supports sustainable economic growth.
⚙️ Industrial Development Plans: The forecast that 2025 will be the year for industry signifies a pivotal moment for Iraq’s economy. The government’s intention to diversify its revenue sources beyond oil is a strategic move that can lead to job creation and sustainable economic development. Establishing integrated industrial cities will facilitate the growth of local industries and attract foreign investments, thus fostering a more resilient economy.
🏛️ Legislative Changes and Economic Policy: The upcoming parliamentary session that includes discussions on the investment law and the federal budget amendment is critical for Iraq’s economic trajectory. These legislative changes can provide a framework for increased investments in infrastructure and public services, ultimately improving the country’s economic landscape and attracting international partners.
🏦 Structural Reforms in Banking: The restructuring of major banks like Rapidan and Rasheed is essential for establishing a robust banking sector. This transformation will enable Iraq to better meet governmental needs and integrate with international financial markets. By modernizing banking operations and focusing on governance, Iraq can improve its financial services, thereby stimulating economic growth.
🌐 Regional Financial Interactions: Iraq’s efforts to sign cooperation agreements with other stock exchanges in the region indicate a strategic move towards integration into the global financial system. This step may enhance liquidity in the Iraqi market, encouraging foreign investments and boosting overall economic stability. It reflects Iraq’s ambition to position itself as a competitive player in regional and international markets.
🔍 Regulatory Oversight of Financial Institutions: The Central Bank of Iraq’s commitment to addressing unlicensed financial operations highlights the importance of regulatory oversight in maintaining market integrity. By enforcing compliance and monitoring currency exchanges, the Central Bank aims to create a safer financial environment conducive to investment and economic growth. This proactive approach is vital for fostering public trust in financial institutions.
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
Mod: GOOD MORNING ALL! HAPPY SATURDAY! CBD MATT AND LUCAS KICK OFF THE FIRST 45 MINS AND MARK GIVES THE NEWS UPDATE AT 10:30 AM
Member: good Morning one and All
MZ: ” Parliamentary Finance: Political Blocs do not agree to amend article 12 on the region’s oil” HCL gets its second reading on Monday …it appears there will be serious progress on the HCL. This is a case where the title of the article does not reflect the content.
Member: Thought HCL was Approved already a few weeks ago? They really do like to kick the can
Member: Second Reading on Monday ONLY if not postponed AGAIN
Member: Goldilocks said HCL was done and they were only waiting for 2 laws to be signed in quickly and we are good to go. I believe they were signed in already.
MZ: I am being told if the second reading goes well….they will immediately do the third reading …then Boom we will finally have the HCL.
Member: This is mental gymnastics because it was said that HCL had been already done. They had a second reading before last year. It seems like they are trying to throw off timing on this.
MZ: No updates on CMKX, Mr. C or the bond side yet today
Member: I heard a rumor that Sudani said the IQD would be worth $54 cents in the next 72 hours.
Member: At this point, I don't care what the rate is. Just get it done. I will make it work
MZ: I had not heard that tumor yet…but who would jump on it? I would sure think about exchanging and holding it in a multi currency account
Member: so you hold it in an account like that to just wait for an increase in it's value? Sounds good
MZ: In today’s banking world where we do not have parity (same rate values) currencies fluctuate against each other. If you hold currency in a multi currency account –held in the bank account as Iraqi dinars…..not US dollars. Then if the currency rate goes up…..my bank account goes up as well.
Member: If I could bring in 25,000 IQD and hold the rest for later I would jump!
Member: Still hearing no RV until after the inauguration.
MZ: It’s possible. Mr. C is of that belief. But my banking sources still believe there is a good possibility we will have a rate change this evening……..late this evening
MZ: if the news is so good after this evening…..I will be here tomorrow to let you all know.
MZ: It always was stated that the best time to do this was between 11PM est and 2AM est on a Saturday night into a Sunday Morning …so maybe?
MZ: But a number of bond contacts told me very clearly it will happen after the 21st or 22nd.
Member: Will we still get a contract rate on the IQD?
Member: would you explain contract rate vs exchange rate in simple terms.
Member: the exchange rate is for general public. Contract rate is part of an oil contract in Iraq that will pay a higher rate than public rate. We'll get the contract rate on exchange.
MZ: “Zimbabwe’s currency crisis worsens as illegal traders flourish” This is showing us clearly why they need to move forward. Zimbabwe needs the reset- for all of us to go for them to have the liquidity they need.
Member: MilitiaMan is excited
MZ: Yes- we spoke yesterday ….He is excited and I am also very excited…there is a lot of good news coming out of Iraq this weekend.
Member: Everyone have a blessed weekend. Thanks, MarkZ for all you do.
Member: See everyone Monday …unless something big happens tonight….then see you tomorrow.
Iraq's '25 budget still in the works with the government expected to send the budget tables to the council representatives in early February.
The rate needs to change before that guys. That's why I've been telling you you're in red-hot January. January is a critical month...to our investment.
Prime Minister Mohammed Shia al-Sudani received a phone call today, Thursday, from the Pope of the Vatican, His Holiness Pope Francis, who invited al-Sudani to participate in the World Leaders Summit on Children's Rights, which the Vatican is organizing next February, on the occasion of World Children's Day.
A statement from Al-Sudani's office stated that the latter referred to the close relations between Iraq and the Vatican, the common positions on rejecting conflicts and wars, and strengthening efforts to establish security in the world.
For his part, His Holiness the Pope praised Al-Sudani's efforts to calm the situation and his ongoing dialogue with the countries of the region, in order to reduce tension and end conflicts, which contributes to establishing regional stability and security. link
MZ: I’m hearing mixed signals on that. Some say it is our week and some say –not till after the 21st.
Member: if the rv happens around the 21st...it's STILL far sooner than the 35 YEARS that Mr C has been has suffered through. Cool your jets folks...it will happen!!
Member: Seems to me the Iraqi people would benefit most from an RV, what is the hold up!!!!
MZ: I believe the RV is “event driven. And they have to have enough events done before they pull the switch.
MZ: HCL is supposed to again be discussed Sunday in Parliament
MZ: I have talked to a couple Iraqi sources and they still believe this is it.
They have contractors that they are in contact with that are suddenly being called in.
I have one who will not tell me what the re-negotiated rate is on their contracts. One of them mentioned $3.91 but I do not know for certain if that is really it. Its from a contact I don’t know really well.
