Article: "Central Bank Governor: Washington responds to all that Iraq needs in terms of dollars and a meeting with it next month"
Article: "The Ministry of Transport intends to open direct airlines towards Australia, America and Malaysia"
Nader From The Mid East
> It has to revalue. If you talk about the assets and how much Iraq has...Look at Kuwait doesn't have anything. No agriculture. They have a little bit of tourism. When Kuwait hits your mind? Almost never.
Here's the thing though, Iraq is more richer than Kuwait. It's 100x, 1000x richer than Kuwait. Of course because it's bigger than Kuwait... When you hear the head of state saying the dinar is stronger than the dollar you got to believe him. It is stronger.
Economical 11/26/2023 Muhammad Sharif Abu Maysam The importance of the Oil and Gas Law does not stop at establishing the correct mechanisms and methods for managing oil wealth and establishing the correct solutions for resolving oil and gas conflicts and disputes between the producing and contracting parties in a way that enhances confidence in the political system and the judicial institution, as its legislation and entry into force will necessarily contribute to supporting political, security and economic stability.
They will contribute to strengthening national unity, increasing the rule of law, and creating an attractive investment environment that goes beyond promoting investments in the oil sector, and will push towards the urgent need to legislate the Federal Court law, respect the constitution, and resolve all points of contention between the center and the region, given that most of the outstanding problems between Baghdad and Erbil are the result of the oil and revenue file.
Oil, and most importantly of all, the legislation of this law will confirm the right of the Iraqi people to own oil and gas wealth as stated in Articles (11 and 12) of the Constitution.
Despite this great importance of legislating the oil and gas law, which prompted the current government to form a committee to study and amend the draft law and then present it to the government and the House of Representatives, political differences are still an obstacle to approving a law that satisfies all parties since 2007 until now, which makes Legislating this law is the biggest challenge under the government's program document applications.
It goes without saying that a legal draft that is not consistent with the constitutional texts will be subject to categorical rejection under the powers of the Federal Court responsible for implementing the constitutional texts. Anything less than that can be agreed upon through intensifying dialogue sessions between oil and legal experts and those concerned with financial management.
However, such a law will remain. It has been locked away for about sixteen years without legislation under the pretext of political differences. This is a very strange matter, not only because the justifications for obstruction are illogical in light of the extent of the national importance of its legislation, but also because the current stage is the most dangerous after the escalation of the conflict between the major oil-consuming countries, in addition to what the country is witnessing.
Of major economic transformations, at a time when we are looking forward to implementing the government program, specifically with regard to legislating obstructive laws and resolving disputes related to economic files.
Accordingly, the current committee charged with studying and amending the draft prepared in 2007, over which dialogue took place for years to no avail, is required to work hard, compete for time, and disclose the reality of the obstacles that hinder reaching consensus on the controversial points contained therein, with the aim of forming a public opinion that pressures those responsible. By disrupting. https://alsabaah.iq/87868-.html
Al-Sudani confirms to ICC Prosecutor Iraq's commitment to combatting terrorism
Shafaq News / Prime Minister Mohammed Shia al-Sudani urged the International Criminal Court to aid Iraq in identifying and supporting the prosecution of terrorism supporters within the country.
This call coincided with the ICC's commitment to pursue and hold accountable members affiliated with terrorist organizations operating in Iraq.
The statement was made during the reception of the ICC's Chief Prosecutor, Karim Ahmad Khan, and his accompanying delegation.
Discussions during the meeting revolved around mechanisms for collaboration between the Iraqi government and the ICC to hold accountable the individuals associated with ISIS terrorist gangs responsible for crimes committed in Iraq.
Prime Minister al-Sudani emphasized the necessity of "supporting Iraq in prosecuting and holding accountable the terrorist elements that caused the loss of Iraqi lives and perpetrated heinous massacres against civilians."
He urged the ICC to assist Iraq in identifying the backers of terrorism within Iraq, be they countries or institutions, to prosecute them in Iraqi courts.
In response, Prosecutor Khan affirmed the ICC's commitment to "pursuing and holding accountable those linked to terrorist organizations in Iraq, seeking justice for the victims."
Article: "The dollar in Iraq.. Baghdad is planning “permanent solutions” with Washington, and Parliament describes the dialogues as “successful”. THE SOLUTION IS NOT A PROGRAM RATE!
Two months ago a quick little pip movement took the exchange rate of the Iraqi dinar from 1460 to 1320...They were supposed to make the next step.
I told you at that time, 'Now that they've made this movement, let's say 1320 to 1, the next one will be 1,000 to 1 and when they do they will be in position to lift the three zeros and float the currency in a basket...'
Article quote: "Solutions exist, and during our tenure at the Ministry of Finance (2006-2010), we succeeded in increasing the value of the dinar from (1,500 dinars to the dollar to 1,170 dinars to the dollar). We were planning to reach (1,000 dinars to the dollar) and then raise the zeros so that the dinar was equal to the dollar." What?!?
Word for word of what we taught you...This is the last step. IMO the CBI is going to be going to the US Treasury next week...This is exactly what we want next.
Question: " What if you lost your receipt for your dinar?"
Try to get ahold of the individual you bought it from. If they have records...maybe they might help you. My broker does not...If you lost it. Oh, dear. That can be a problem financially for you because you want to hold your currency for one year...
Because...your [tax] bracket is whatever the government says but if you don't have a receipt or if you don't hold it for a year and you go exchange...that's a different tax bracket. They're going to really bite you hard. It's the difference between 40% tax and 20% tax...[NOTE: Consult your tax professionals at the appropriate time to determinate proper tax for your unique circumstances]
The Iraqi dinar is now going to enter a basket in a float and that's why the CBI has been talking...about the basket and coins... All they talk about is the exchange rate of the Iraqi dinar, about the black market going away andthe only way that all of this can happen is if we have a new exchange rate and a new currency to match it . They are preparing [Iraqi citizens]. This is the monetary reform at its highest point..
Parliamentary Finance for / Nina /: Strengthening the balance of Iraqi banks in foreign currency supports the private sector and the local market
The Parliamentary Finance Committee stressed the importance of strengthening the Iraqi banks’ foreign currency balance to support the private sector and the local market.
The head of the committee, MP Atwan Al-Atwani, said in a statement to the National Iraqi News Agency. Nina /, “The increase in the currency exchange rate by accredited banks provides another safe path to meet the local market’s needs for foreign currency.”
He added, "The government has established paths for banking work governed by the controls of applicable laws. This will open broad horizons for the national economy and will also provide hard currency to the local market without the need for the central bank to intervene and bear responsibility."
He continued to say, “The private sector can adopt this by dealing with the electronic currency exchange platform, and dealing with trade in a way that ensures controlling the rhythm of market movement, and also part of this initiative is to support the private sector by establishing local projects that can provide foreign currency and achieve automation in the ports.” Border, tax and customs.”
At the beginning of this November, the Central Bank of Iraq agreed with the American side to facilitate procedures for external transfers, including an agreement to directly enhance the advance balance of a number of banks (ten banks) in dollars. LINK
