Wednesday, June 4, 2025
THE COORDINATION FRAMEWORK ASKS PARLIAMENT TO LEGISLATE “OIL AND GAS” TO RESOLVE DISPUTES WITH KURDISTAN
THE COORDINATION FRAMEWORK ASKS PARLIAMENT TO LEGISLATE “OIL AND GAS” TO RESOLVE DISPUTES WITH KURDISTAN
The Coordination Framework called on the House of Representatives to enact an oil and gas law to resolve outstanding issues between Baghdad and Erbil, warning against the use of political capital to influence public opinion.
A statement from the Coordination Framework stated that “the Coordination Framework held its regular meeting on Monday at the office of Mr. Ammar al-Hakim, in the presence of Prime Minister Mohammed Shia al-Sudani, to discuss developments in the political, service, and electoral situations.”
Regarding developments with the Kurdistan Region of Iraq, the Coordination Framework, according to the statement, called for “dealing with every national issue in accordance with the constitution and governing laws,” stressing “the federal government’s commitment to the rights of all its citizens and its serious efforts to remove all obstacles.”
The Coordination Framework stressed the “necessity of the House of Representatives enacting an oil and gas law,” considering it “the core of the solution to the outstanding issues between Baghdad and Erbil.”
Regarding the electoral issue, the Coordination Framework reiterated its “emphasis on holding the elections on the scheduled date,” calling on the Iraqi people to “update biometric voter cards and participate broadly, effectively, and consciously in the elections.”
The Coordination Framework also warned against “using political money to influence public opinion.”
Evening News with MarkZ, joined by Dr. Jay Caprietta. 06/03/2025
Evening News with MarkZ, joined by Dr. Jay Caprietta. 06/03/2025
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Evening and welcome everyone
Member: Mark- Did you say Iraq was officially international on forex? Or were you misquoted?
MZ: No, somebody had let me know that they had their spot ready on forex to go fully international. But, they have not activated it yet. That was Friday or Saturday last week.
Member: Just read on twitter or X that Iraq is voting on budget tables tomorrow?
Member: Ariel just put up an Iraqi dinar update on X at 1 hour ago. It’s a great post. “Rapid IQD reevaluation by late June 2025” is possible.
MZ: “Despite Baghdads protest -Kurdistan region begins Gas Extraction for imports to Europe” The US has pushed Kurdistan to start the extraction process. The next step is to send it through the pipeline. This shows the pressure they are under to wrap up the disagreements in Iraq.
MZ: “Iraq has made great progress in its path to the World Trade Organization.”Iraq has completed the requirements for ascension as soon as they change the value.
Member: Mark do you think we are seeing the world wide shake-up to get this RV to happen under the radar?
MZ: I do.
Member: hello Mark... any update on bond side? Thanks
MZ: I have a number of bond contacts ….a symphony of bond holders who are convinced that this is the week we will see something. At least those that still will talk….many have still gone just plain quiet.
MZ: They don’t give me specifics but they are very upbeat.
Member: Will the bolivar be in the first basket
MZ: I do believe the bolivar will be in the first basket.
Member: Mark, From TNT- hearing possibly .30 cents on the Bolivar
MZ: I hope that’s right. I am not hearing anything on rate yet. That would be awesome.
Member: Rumor has it $6 for the IQD, and $5 on the VND.
MZ: I still hear The IQD in the high $4 or almost $5 and $2+ for the VND. But I hope you are right and I am wrong.
Member: Mark z -thank you for all the news updates and encouragement.
Member: Have a good night with RV dreams
Coordination Framework Calls For Resolving Disputes Between The Center And The Region By Enacting An Oil And Gas Law
Coordination Framework Calls For Resolving Disputes Between The Center And The Region By Enacting An Oil And Gas Law
Political | 09:12 - 03/06/2025 Mawazine News - Baghdad - The Coordination Framework stressed, on Tuesday, the necessity of enacting an oil and gas law to resolve the outstanding issues between Baghdad and Erbil, while warning against the use of political money to influence public opinion in the elections.
A statement by the Coordination Framework received by Mawazine News stated that it "held its regular meeting at Ammar al-Hakim's office, in the presence of Prime Minister Mohammed Shia al-Sudani, to discuss the latest developments in the political, service, and electoral situations."
Regarding developments with the Kurdistan Region of Iraq, the Coordination Framework, according to the statement, called for "dealing with every national issue in accordance with the constitution and governing laws," stressing "the federal government's commitment to the rights of all its citizens and its serious efforts to remove all obstacles.
" The Coordination Framework stressed "the necessity for the House of Representatives to enact an oil and gas law," considering it "the essence of the solution to the outstanding issues between Baghdad and Erbil."
Regarding the elections, the Coordination Framework renewed its "emphasis on holding the elections on the scheduled date," calling on the Iraqi people to "update biometric voter cards and participate widely, effectively, and consciously in the elections."
The Coordination Framework also warned against "the use of political money to influence public opinion." The Coordination Framework calls for resolving disputes between the central government and the region through enacting an oil and gas law
Mawazine News - Baghdad
The Coordination Framework stressed on Tuesday the need to enact an oil and gas law to resolve outstanding issues between Baghdad and Erbil, while warning against the use of political money to influence public opinion in the elections.
A statement by the Coordination Framework received by Mawazine News stated that it "held its regular meeting in Ammar al-Hakim's office, in the presence of Prime Minister Mohammed Shia al-Sudani, to discuss developments in the political, service, and electoral situations."
Regarding developments with the Kurdistan Region of Iraq, the Coordination Framework, according to the statement, called for "dealing with every national issue in accordance with the constitution and governing laws," stressing "the federal government's commitment to the rights of all its citizens and its serious efforts to remove all obstacles."
The Coordination Framework stressed "the need for the House of Representatives to enact an oil and gas law," considering it "the essence of the solution to the outstanding issues between Baghdad and Erbil."
Regarding the electoral issue, the Coordination Framework reiterated its "emphasis on holding the elections on the scheduled date," calling on the Iraqi people to "update biometric voter cards and participate broadly, actively, and consciously in the elections." The Coordination Framework also warned against "the use of political money to influence public opinion." https://www.mawazin.net/Details.aspx?jimare=262125
ARIEL : Intel: Exclusive (Logical & Questionable) To The Pleasure of Your Curiosity
ARIEL
Intel: Exclusive (Logical & Questionable) To The Pleasure of Your Curiosity
I was given permission to share this with you all. I was only going to upload this on my Patreon. But the person who this comes from has no issue with releasing this publicly. As she is moving on to other things.
So I will allow this to be up for a limited time if it caused issues with other parties who may consider this problematic for whatever reason. I already done 4 post on P-treon regarding this. My insiders are the best thing going right now.
Took me years to build these connections. And now you benefit as well. I am only doing this once. So if you want this level of Intel in various other subjects I will leave the link below.
During the Eid al-Adha holiday from June 6-10, 2025, Iraq’s declaration of a 5-day closure serves a dual purpose: while publicly it honors the Islamic Festival of Sacrifice, behind closed doors, it masks a clandestine operation codenamed “Golden Crescent.”
This operation, orchestrated by a select group within the Central Bank of Iraq (CBI) and overseen by Prime Minister Al-Sudani’s inner circle, involves finalizing the IQD revaluation to a rate of 1 USD to 1 IQD, a move set to be announced on June 11, 2025, immediately following the holiday.
The holiday’s timing ensures minimal public scrutiny, as banks, government offices, and markets will be shuttered, allowing the CBI to execute a seamless transition on the Forex Market while global attention is distracted by regional festivities.
The “Golden Crescent” operation began in secrecy on May 15, 2025, when the CBI met with representatives from the U.S. Treasury and the International Monetary Fund (IMF) in Amman, Jordan, to secure approval for the revaluation, a meeting never publicized but documented in a classified memo stamped “Eyes Only” for Al-Sudani.
This memo, hidden in a vault beneath the CBI’s Baghdad headquarters, outlines a plan to use the holiday’s closure to update banking systems nationwide, integrating blockchain technology via RippleNet to handle the new rate’s international transactions, a system already tested in 40% of Iraqi banks by June 2025.
The operation’s codename reflects the symbolic crescent moon of Eid, but also the golden promise of Iraq’s economic rebirth, a truth known only to a handful of officials who risk elimination if exposed.
A shadow player in this operation is a Dubai-based financier named Khalid al-Mansour, who has facilitated $5 billion in backchannel funds from Saudi Arabia to stabilize Iraq’s reserves during the transition, a deal brokered on May 20, 2025, in a private suite at the Burj Al Arab.
Al-Mansour’s involvement, tied to his discreet meetings with Al-Sudani’s economic advisor, ensures liquidity for the revaluation but comes with a price: Saudi influence over Iraq’s oil pricing for the next decade, a pact sealed with a blood oath to maintain secrecy.
This arrangement, if leaked, could destabilize Iraq’s fragile political unity, as anti-Saudi factions would view it as a betrayal, making the holiday’s timing a critical shield for these covert maneuvers.
The revaluation’s announcement on June 11, 2025, is strategically timed to coincide with a planned OPEC meeting in Vienna, where Iraq will reveal its increased oil output of 500,000 barrels per day via the Ceyhan pipeline, a move already in motion since May 30, 2025. This boost, coupled with Iran’s weakened oil production due to Israel’s May 2025 airstrikes, positions Iraq to dominate the market, justifying the new IQD rate to global investors..
A strategic partnership between Asiacell and a Chinese company to enhance digital transformation in Iraq.
A strategic partnership between Asiacell and a Chinese company to enhance digital transformation in Iraq.
China Mobile International (CMI) Limited and Asiacell announced the signing of a memorandum of understanding aimed at enhancing cooperation in the field of telecommunications and digital solutions in Iraq, with a particular focus on empowering the business and enterprise (B2B) services sector.
A company statement received by Al-Mada said, "This partnership aims to support digital transformation efforts in Iraq by leveraging CMI's global expertise in technology and international connectivity, along with Asiacell's operational capabilities and infrastructure within the country. The two companies seek to provide innovative, reliable, and scalable solutions that contribute to raising business efficiency and stimulating growth across various sectors."
In this context, Alex Li, General Manager of China Mobile International in the Middle East, said: “We are very excited to work with Asiacell to open new horizons in Iraq. Our shared vision of building a digitally connected world and leveraging advanced technologies aligns perfectly with the growth potential of this market. This partnership represents our commitment to enhancing connectivity, driving digital transformation, and empowering businesses to keep pace with the digital age.”
For his part, Amer Al Sanaa, CEO of Asiacell, emphasized the importance of this collaboration, saying, "This partnership represents a milestone in Iraq's digital transformation journey. We are excited to partner with CMI, as this collaboration reflects our deep commitment to providing world-class communications and technology solutions that meet the needs of the region's evolving business sector."
This step reflects both parties' commitment to supporting Iraq's digital infrastructure and fostering innovation and sustainable growth through the integration of corporate services, international connectivity, and advanced technologies, contributing to building a globally competitive and interconnected digital economy. link
IQD Countdown: Is Iraq on the Verge of Revaluation?
Texas Snake posted from a friend
IQD Countdown: Is Iraq on the Verge of Revaluation?
This post is for entertainment purposes; inspired by Ariel’s posts on X.
As of June 3, 2025, momentum is building around a potential rapid revaluation of the Iraqi Dinar (IQD), fueled by unprecedented economic, political, and technological alignments. With the long-awaited Oil & Gas Law expected to pass by mid-June,
Iraq may finally resolve decades-long disputes with the Kurdistan Region and unlock over $2 billion monthly from newly resumed Ceyhan pipeline exports.
This would require an internationally recognized exchange rate—one the Central Bank of Iraq (CBI) could enact overnight, backed by its confirmed $100 billion in reserves. Endorsements from the U.S. Treasury and IMF signal a green light for Iraq’s financial reform roadmap, while diminished Iranian influence following May’s airstrikes removes a key obstacle to Baghdad’s economic independence.
A wave of digital modernization further supports the shift. Prime Minister Al-Sudani’s push for blockchain integration—bolstered by the GENIUS Act and Iraq’s pilot use of RippleNet—prepares the banking sector for real-time international settlements at a revalued rate.
Already, 20% of Iraq’s oil payments are processed through Ripple, showcasing Iraq’s readiness for a transparent, digitized financial future.
Simultaneously, rising oil dominance, particularly after Iran’s export slump and a supportive OPEC backdrop, provides Iraq with the market justification to reprice its currency. The IMF’s recent praise of Iraq’s macroeconomic stability adds credibility to speculation that the CBI may act within days of the Oil & Gas Law’s passage.
But behind the public stage, a shadow operation codenamed “Golden Crescent” is reportedly unfolding. Set during Iraq’s upcoming Eid al-Adha holiday (June 6–10), the plan leverages the national closure as cover for a stealth currency reset.
Sources allege the CBI will use the five-day shutdown to upgrade its digital systems, finalize blockchain integration, and quietly initiate a 1:1 USD to IQD revaluation, effective June 11. A secret May 15 meeting in Amman between Iraqi, IMF, and U.S. Treasury officials allegedly sealed the deal.
Further intrigue surrounds Dubai financier Khalid al-Mansour, who funneled $5 billion into Iraqi reserves to stabilize the transition—securing Saudi Arabia’s influence over Iraq’s oil pricing for the next decade in the process.
To ensure internal stability, Al-Sudani is said to be convening a confidential summit with tribal leaders on June 7 in Najaf, enlisting their support through sacred oaths and symbolic meals. Meanwhile, citizens are unaware that blockchain-based oil credits—set to inject $500 million annually into the economy—will be distributed under the new exchange rate, a critical step masked as a routine “system upgrade.”
All the while, subtle signs—like the holiday announcement’s color scheme matching a classified CBI directive—hint at the magnitude of what’s unfolding. Whether Iraq’s leap toward currency reform becomes a triumph of vision or a descent into volatility will be decided in the days just after Eid. For now, all eyes quietly await the rising of the Golden Crescent.
Babylon discusses investment opportunities with the European Union ambassador
Babylon discusses investment opportunities with the European Union ambassador
The local government in Babylon announced today, Tuesday, the reception of the European Union Ambassador to Iraq, Thomas Seiler, where the prospects of supporting European companies' investment in Babylon Governorate in various sectors were discussed.
Babil Governor Adnan Al-Faihan said, "During the meeting, the most prominent investment opportunities available in the province were reviewed, based on Babil's distinguished strategic components that qualify it to be at the forefront of Iraqi provinces in the industrial and agricultural fields, especially since it is the food basket of the Middle Euphrates, and has appropriate infrastructure and a fertile environment for investment.
He added,
"We also provided the ambassador with a detailed explanation of the province's distinguished geographical location, its natural resources and the abundance of arable land, in addition to the presence of government and private factories that are capable of development, stressing our serious desire to attract investments to advance the economic and urban reality, and transform Babil into a competitive center capable of keeping pace with developed countries, especially since some of those countries do not have the capabilities and advantages that Babil possesses."
He stressed the local government's confirmation of the province's full readiness to cooperate with all European companies wishing to invest, while providing all necessary facilities and guarantees to create an attractive investment environment that contributes to achieving sustainable development and the desired economic prosperity. link
TIDBIT FROM FRANK26
Frank26
Question "Do you think $4.81 is a marker or a chance it could open at that?"
No. $4.81 would not be an opener. That would be stupid.
The goal right now is to get [Market rate] to 1310 because then the 1310 is matched up with the American dollar.
That's a 1 to 1 ratio...You are left with the Iraqi dinar and the US dollar.
Advisor to the Prime Minister: The value of Iraq's natural resources exceeds $16 trillion
Advisor to the Prime Minister: The value of Iraq's natural resources exceeds $16 trillion
The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Wednesday that Iraq is moving towards diversifying its GDP sources by expanding investment in the mining sector. He noted that the value of Iraq's natural resources exceeds $16 trillion.
Saleh told the Iraqi News Agency (INA): "Iraq is moving towards diversifying its GDP sources by expanding investment in the mining sector, a sector that has been neglected for decades. The government has signed memoranda of understanding with reputable international companies in the fields of mineral exploration and investment, particularly in phosphate, sulfur, lithium, and copper fields.
This is within the framework of the strategic directions of the Iraqi government's program to diversify sources of national income and optimally utilize the country's resources." He added, "Investment in the mining sector will contribute to attracting billions of dollars in fields ripe for development, such as sulfur, phosphate, lithium, and other minerals."
He pointed out that "Iraq ranks first in the world in terms of the concentration of natural resources per square kilometer, and ninth globally in the value of various natural resources, with an estimated value exceeding $16 trillion, according to published global estimates."
He explained that "the various reserves of land wealth constitute a diverse stock of minerals, foremost among which is phosphate: its reserves are estimated at more than 10 billion tons, and our country ranks second globally in terms of reserves, and is concentrated in the Akashat region of Anbar Governorate. Second is free sulfur: our country enjoys large reserves in Mishraq in Nineveh Governorate, which are among the largest free sulfur fields in the world. Third is silica: in the Najaf region and western Iraq, it is used in the glass, electronics, and semiconductor industries, and is among the most important and purest reserves in the world, according to published international estimates." He continued, "Likewise, iron, manganese, copper, and gold are distributed across various regions of Iraq, particularly in the Kurdistan Region and the western and central borders, except for southern Iraq, which possesses vast reserves of other rare natural resources."
He pointed out that "the policy of diversifying the national economy by extracting and processing mineral resources for national industries, and then adopting their export by maximizing value-added chains in manufacturing or semi-manufacturing industries, will add at least 10 percent to the GDP in the first phase."
He pointed out that "after that, the percentage will increase to become one of the pillars of diversifying national income sources over time, especially if the link between mineral investment and the development of national manufacturing industries grows, such as fertilizer, aluminum, glass, electronics, and batteries related to renewable energy.
This is in addition to the introduction of foreign capital and advanced digital technology and services, the provision of national job opportunities, and investment in Iraqis as a productive national resource."
He emphasized that "the mineral diversification policy is one of the opportunities to implement the philosophy of sustainable development and free the national economy from the extreme monopoly of oil resources. It is considered an economic defense against the monopoly of oil prices, which directly impacts the state budget."
He emphasized that "present and future generations will witness a new era of investment for Iraq in economic and technological progress and prosperity, towards building a promising model of balanced development." He noted that "Iraq, which strongly aspires to build investments in mining fields as an additional resource in the medium and long term, does not rule out investment in oil fields, but it cannot completely replace oil in the near term.
Rather, it serves as an important complement to the strategy of diversifying the national economy."
He concluded by saying: "The mining sector represents a promising opportunity for Iraq, not only to increase public financial revenues, but also to restore the structural balance of the Iraqi economy, create major national employment opportunities, and achieve diversified development in areas rich in natural resources, which will lead to increased investments in infrastructure, within a model of geographically balanced economic development for all of Iraq." link
TIDBITS FROM FRANK26
Frank26
Article: "Al-Sudani chairs a meeting to restructure government banks' administrations." Sudani decides to take Drano and he flushed the CBI of the board of directors that make all the decisions.
There was a bunch of them that Donald Trump did not like. So he tells Sudani, get rid of these guys.
I'm so excited Sudani cleaned up the board of directors at the CBI.
I didn't think he was going to do it that quickly.
Talk about security and stability for the new exchange rate...IMO Trump pushed Sudani to get rid of the lazy board of directors that's why things are moving so fast right now.
IRAQ INVESTMENT FORUM WITH COMMENTS OF MNT GOAT
IRAQ INVESTMENT FORUM
The Iraq Investment Forum is a major event being hosted by Baghdad in mid-June under the patronage of the Prime Minister.
This important event joins a series of other activities that have gained similar importance, such as the Arab Summit and the Arab Media Conference, which have restored Iraq’s leading role in hosting important economic and regional events that establish stability, prosperity and development in Iraq and the region.
The Iraq Investment Forum, organized by the Iraqi Economic Council in cooperation with the National Investment Commission and with the support and supervision of the Office of the Prime Minister, reflects the great opportunities provided by Iraq (the land of opportunities) to transform those opportunities into achievements on the ground.
It is worth noting that there are 140 investment opportunities offered by this forum, in which major international investment companies with unique experiences around the world will participate.
It is hoped that this forum will be a historic opportunity and occasion for investment companies to regain their activity and confidence in a new investment environment guaranteed by the state, which will ensure the success of the projects that will be implemented.
It is true that the facilities and great preparations offered to make this forum a success, but what is more important than all of that are the results that will be achieved on the ground so that we can say that opportunities have truly been transformed into achievements.
A sound investment decision must be based on a study of the reality of global events and changes and the major challenges facing the world at various levels. This is because being aware of what is happening according to accurate predictions and expectations allows us to gain success in all investments that will be implemented.
It is important to note that investment opportunities must include important infrastructure projects in the structure of planned new projects, so that the focus is not solely on entertainment investments, despite their importance.
Iraq needs investments with quick returns that contribute to diversifying the economy and sources of income in order to enable our country to move away from a single-source, rentier economy.
The principles of transparency also require announcing projects, their type, and their importance to the Iraqi economy. Rather than simply announcing a number of opportunities, the need also requires announcing the nature of these projects, their importance, and their economic feasibility.
This vision is based on close monitoring of all projects being completed.
We must think, as do our neighboring countries, about modern investments that keep pace with tangible global development and strengthen their economies.
Our observation comes in support of and reinforcement of the government’s sound direction in this regard, and as a reminder of the importance of benefiting from the experiences of others rather than copying them.
We are hopeful that this forum will be a success, so that Iraq can once again become a destination for investors and a home for development and harmony. It will be an important economic event, adding to the series of other important events that have crowded Baghdad, the capital of peace, such as the Arab League and Arab Media Summits. At the same time, we look forward to reading the potential for success in attracting investments, thanks to the government’s bold decision to guarantee projects, which gives momentum to encouraging investment in a promising and stable business climate.
(How many more forums, summits or conferences are they going to have…lol…lol..?
Why now? Let’s explore more about this article in today’s news.)
TIDBIT FROM CLARE
Clare
Article: "Al-Nujaifi: The role of forces linked to Iran in the next parliament will not exceed 30%."
Quote: "Regional changes have given us a firm conviction that Iranian influence has declined significantly, and that those who still seek refuge in it are facing crises and problems, and have lost influence and gains. The situation is not the same as it was four years ago"
Article: "CBI: Liquidity is Available and Our Reserves Exceed $100 B illion"
Quote: “The Central Bank of Iraq CBI confirmed on Monday...Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no shortage in this regard,” pointing out that “the CBI’s reserves have exceeded $100 billion,
in addition to Iraq possessing a large gold reserve of over 163 tons.”
MINISTER OF FINANCE DISCUSSES SUPPORT FOR DEVELOPMENT PROJECTS IN IRAQ WITH WORLD BANK
MINISTER OF FINANCE DISCUSSES SUPPORT FOR DEVELOPMENT PROJECTS IN IRAQ WITH WORLD BANK
Minister of Finance Taif Sami discussed with the World Bank Representative to Iraq on Sunday enhancing cooperation to support development projects.
The ministry said in a statement received by the Iraqi News Agency (INA): “Minister of Finance Taif Sami Mohammed received the World Bank Representative to Iraq and his accompanying delegation to discuss plans to enhance cooperation to support development projects by leveraging the technical and financial support provided by the Bank in implementing strategic projects to stimulate economic growth, especially in the areas of infrastructure and human development.”
The statement added, “The two parties discussed developing the private sector and encouraging investment as the primary driver of sustainable economic growth, in addition to the need to support financial reforms to achieve stability and growth.”
The statement explained that “the Bank Representative expressed his commitment to continuing to support Iraq in achieving its development goals and enhancing its ability to confront economic and development challenges.”
TIDBIT FROM PIMPY
Pimpy
Iraq is well on their way of accomplishing what they need to accomplish to get the Iraq dinar back on the global Forex, which is important.
We need to get those restrictions off those banks so they can start using the SWIFT system more freely without babysitters because that's going to help the Iraqi dinar get back on the global Forex, which is what everybody is waiting for.
WHEN DO WE GET OUT OF THE RENTIER ECONOMY?
WHEN DO WE GET OUT OF THE RENTIER ECONOMY?
When do we get out of the rentier economy?
Jawad Al-Attar
The World Bank’s report on Iraq’s economic situation for the second half of this year and the first half of next year, released a few days ago, may be overlooked in the daily news cycle. However, it undoubtedly sounds alarm bells, as the economy is a fundamental component of any country’s national security architecture.
Although government advisors downplayed the report’s significance, asserting that Iraq’s economic situation is robust and capable of overcoming any obstacles or shocks in global oil prices, the Ministry of Finance responded seriously to the report and is moving within a framework that may temporarily extricate us from the crisis. This includes approving budget schedules for the second half of this year that secure funding for salaries and ongoing projects, along with partial payments to investors and a relative deficit based on an oil price of $60 per barrel.
However, the question remains: When will Iraq’s economy decouple from global oil prices? And when will we emerge from the crucible of a rentier economy?
These questions should be addressed by experts and decision-makers, and the country’s politicians should bear the responsibility for accomplishing these tasks by, first, operating productive public sector companies; second, facilitating routine procedures for the private sector and foreign investors; through real decisions, not ink on paper; third, diversifying sources of income; through regulated irrigation agriculture, complementary and transformation industries, and balanced inter-trade with neighboring countries; and fourth, providing the enabling environment and requirements that meet the above requirements; in the shortest possible time.
A country that has managed to oust the occupation and defeat terrorism is capable of overcoming economic crises and achieving growth if the political will is realized and politicians overcome their differences, their pursuit of privileges, and their desire to win elections.
TIDBIT FROM FNU LNU
Fnu Lnu
Citizens in the central portion of the country are ready to start burning down government residences like they did to Malaki because while the bureaucrats stall for more time to steal more money, the people are living in squalor and deprivation.
To try to say that "Stability and Security" are the order of the day is ignorant..
.The citizenry are angry
because they have been lied to by the PM and others about the "delete the zeros" program and currency revaluation. Hell, they won't even specify what delete the zeroes really means...
THE PARLIAMENTARY INVESTMENT COMMITTEE CALLS FOR BREAKING THE LEGISLATIVE “STALEMATE” AND PASSING IMPORTANT “ACCUMULATING” LAWS.
THE PARLIAMENTARY INVESTMENT COMMITTEE CALLS FOR BREAKING THE LEGISLATIVE “STALEMATE” AND PASSING IMPORTANT “ACCUMULATING” LAWS.
The Parliamentary Development and Investment Committee called for breaking the legislative deadlock to pass and address dozens of important laws that have accumulated and directly impact citizens’ lives. The committee emphasized the importance of fulfilling the government’s commitments under the ministerial program and budget-related spending plans.
Hussein Al-Sa’bari, deputy chairman of the parliamentary Development and Investment Committee, said, “More than 140 draft laws, including new ones and amendments to existing laws, are still pending in parliamentary committees and require a vote by parliament.”
He added, “Many of these laws have been discussed by the relevant committees and are ready to be included on the agendas of the plenary sessions,” noting that “these projects relate to vital aspects that impact the lives of citizens and various state sectors.”
He explained that “the most prominent of these laws is the Popular Mobilization Law, in addition to projects related to higher education, the basis for granting certificates, and other legislation of a service and administrative nature . ”
He pointed out that “the upcoming parliamentary sessions are of particular importance as they will determine the fate of a large number of pieces of legislation, eagerly awaited by citizens and state institutions alike.” He explained that “delaying the passage of these laws could negatively impact the work of ministries and disrupt the provision of services.”
Al-Sa’bari noted that “there is an increasing number of calls for regular and intensive parliamentary sessions to ensure that the legislative deadlock that accompanied previous periods is overcome and to fulfill the government’s commitments under the ministerial program and spending plans linked to the general budget.”
He explained that “Parliament’s legislative agenda also includes strategic laws such as the Oil and Gas Law, the Civil Service Law, and the Social Security Law, as well as laws related to administrative reform and oversight of government performance.”
STATUS OF THE RV, PART. 4 BY MNT GOAT
😊I find the following article VERY interesting is it titled “WHEN DO WE GET OUT OF THE RENTIER ECONOMY?”.
To begin to answer this question you must first ask what a rentier economy is and how Iraq go their in the first place. A “rentier” economy is based solely on one form of revenue. Its dependence on it can make it unstable if the one revenue stream changes drastically. It can become unpredictable.
So, for Iraq they entered this path to the “rentier” economy the day the .U.S. decided to kill it economy with sanctions and then the use of the petro-dollar. The next step was to kill its currency.
This put Iraq in a funny situation as it could only receive U.S. dollars and buy imports with U.S. dollars. Everything evolved around the U.S. If you re-read my definition of a “rentier” economy it clearly states one source of revenue stream.
Today it still the U.S. dollar. Although Iraq is making progress to diversify its holdings of other foreign currencies and is also now allowed to pay for imports with these other currencies.
This is all progress away from the “rentier” economy. But what about sources of revenue for stability’s sake?
In the article Jawad Al-Attar asks – When do we get out of the rentier economy?
I will leave it up to my readers to go read this entire article in the Articles Section. It is short and it does tell us that this won’t happen until Iraq can get off the petro-dollar as their main revenue stream.
As investors in our study of this situation we know that many measures in Iraq have already taken place to shore up the lack of revenues from a sole source of oil.
Just look at what is happening now and shock to their economy when oil dropped from $75 to $60. We learned about the future Customs and Tariffs revenues, tourism, the future Development Road project and all the minerals and agriculture yet to be tapped into. There is more but I can’t think of them now….lol..lol..
However, my point is to show you that until Iraq puts on its Big-Boy pants and takes control of these other sources, they will not get out of the “rentier” economy. They must do it. If we read all these recent articles about their economy, they are doing it and that is what I wanted to emphasis to you. All the article about this situation put more and more pressure on the govt to do something about it and to make the citizens aware of what is causing their lack of salaries and pensions being paid on time.
https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/AL-ZUBAIDI: THE AMERICAN NEW MIDDLE EAST PROJECT IS AN IMPORTANT OPPORTUNITY FOR IRAQ, AND WE MUST JOIN IT
AL-ZUBAIDI: THE AMERICAN NEW MIDDLE EAST PROJECT IS AN IMPORTANT OPPORTUNITY FOR IRAQ, AND WE MUST JOIN IT
The best path for the future of Iraqis.
Iraqi politician Baqir Jabr al-Zubaidi called on Sunday for Iraq to be included in the American New Middle East Project. He said it represents a significant opportunity for a better future for Iraqis based on an economic foundation free from wars and conflicts.
As US-Iranian negotiations enter a serious and important phase, the new Middle East is taking shape in a way that will have significant repercussions for Iraq.
The US administration has openly declared its desire to forge a new Middle East based on an economic foundation, free from wars and conflicts. This represents a significant opportunity for Iraq, which possesses tremendous economic potential.
Trump’s visit focused on Saudi Arabia and Qatar for purely economic reasons, and the contracts signed are clear evidence of the economic agenda.
The Iranian-Saudi rapprochement has contributed and will contribute to greater stability, while the UAE, on the other hand, appears more preoccupied with conflict zones in Sudan and Libya.
Saudi Arabia has successfully struck a blow to the Qatari-Turkish project in Syria by spearheading the lifting of US sanctions on Damascus. In doing so, it sends a clear message that it will not stand idly by, especially given that the US side desires a Saudi role there.
Oman continues to play its historic role in the region and the world to the fullest, in line with Sultan Qaboos’ policy of “extending a hand to all.”
Jordan continues to lose its role as a mediator with Israel in the region amidst the changes taking place, and will attempt to find a new role to help it emerge from its internal crises.
The new Middle East will depend on oil markets, financial markets, and the flow of investment. It is up to decision-makers in Iraq to take the right path and set the country on this path for a better future for Iraqis.
STATUS OF THE RV , PART. 3 BY MNT GOAT
STATUS OF THE RV , PART. 3
😊And even yet more support for Iraqi development as we read article titled “MINISTER OF FINANCE DISCUSSES SUPPORT FOR DEVELOPMENT PROJECTS IN IRAQ WITH WORLD BANK”
In the article Iraqi Minister of Finance Taif Sami discussed with the World Bank Representative to Iraq on Sunday enhancing cooperation to support development projects. Discussions evolved around plans to enhance cooperation to support development projects by leveraging the technical and financial support
The statement added, “The two parties discussed developing the private sector and encouraging investment as the primary driver of sustainable economic growth, in addition to the need to support financial reforms to achieve stability and growth.”
😊Okay so there is yet more evidence even with the Trump administration pursuing Iraq in article titled “AL-ZUBAIDI: THE AMERICAN NEW MIDDLE EAST PROJECT IS AN IMPORTANT OPPORTUNITY FOR IRAQ, AND WE MUST JOIN IT.” Al-Zubaidi says the
best path for the future of Iraqis to be included in the American New Middle East Project.
As US-Iranian negotiations enter a serious and important phase, the new Middle East is taking shape in a way that will have significant repercussions for Iraq.
The US administration too has openly declared its desire to forge a new Middle East based on an economic foundation, free from wars and conflicts.
This represents a significant opportunity for Iraq, which possesses tremendous economic potential.
Trump’s visit focused on Saudi Arabia and Qatar for purely economic reasons, and the contracts signed are clear evidence of the economic agenda.
The Iranian-Saudi rapprochement has contributed and will contribute to greater stability, while the UAE, on the other hand, appears more preoccupied with conflict zones in Sudan and Libya. Saudi Arabia has successfully struck a blow to the Qatari-Turkish project in Syria by spearheading the lifting of US sanctions on Damascus.
In doing so, it sends a clear message that it will not stand idly by, especially given that the US side desires a Saudi role there.
So, the question I keep asking is can Trump turn this mess in the middle east around to a peaceful economy with abundance and prosperity for all instead of conflict and war?
I think it just may be possible.
I believe Trump has God on his side and will work towards these objectives. Is this just because Trump is a businessman and patriot. This goes much deeper, and you can believe what you want, but I believe there is “divine intervention” taking place. In other words, he is being “guided”.
Yes, he is still human too and so don’t forget he can make mistakes, but his intentions are real for peace and prosperity instead of war.
This brings me to say that sometimes in order for peace, God calls for the destruction of of his enemies. His enemies are usually ours too. Sad to say that sometimes this takes eliminating our enemies first.
We read this in the bible too in the Old Testament. God is on the side of righteousness and justice. I would never want to see anyone suffer or die in war for that matter. But we know at times, peace comes with a price.
Peace through appeasement does not work. It only comes to haunt you later. It never works. Yes, a president many get through his four years of his administration appeasing the enemies of the U.S. and looking like a hero. But in the long run it has never worked.
It is best to confront our adversaries head-on and deal with them. Why leave the hard work for the next guy elected into office. I am afraid to say this is what Obama did for Trump’s first term and Biden did for Trump’s second term. Now he has to clean up their messes.
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🌟 FIREFLY UPDATE: Iraq’s Currency Shake-Up Could Reshape the Economy 💰 #frank26 #dinarrevaluation
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