...We have been told in just a recent article that the CBI is attempting to accomplish in 1 year in 2023 what should normally take 6 years. I am talking about the full Dr Shabibi plan and the process of how to conduct the de-dollarization, then the project to delete the zeros and to get back on FOREX. We can see it playing out...
...I know for a FACT that the rate of 1/6 of a penny is a “suppressed” rate and being “artificially manipulated”.
Just with all the assets Iraq now has without any banking reforms or any other economic development, the rate should be at least what it was prior to the 1991 invasion and the 10 year boycott plus even more...
Pimpy
I think over the next few years you'll start to see the Iraqi dinar slowly increase in value little by little. It's hard to talk about where the dinar is going to be just because the United States isn't going to let those resources go and Iraq can't stop getting in trouble - at least that's what we're told...
Iraq continues to move forward to do what they can for the Iraqi people, improving more on the banking sector, trying to find ways to make their economy stronger but these conflicts are causing huge delays and huge issues in Iraq and we don't need that at this time.
The Major Problem Has Not Yet Been Resolved. The Oil And Gas Law Is Still Locked Up And Has Not Yet Reached Parliament
Time: 10/26/2023 Read: 130 times {Economic: Al-Furat News} Member of the Parliamentary Oil, Gas and Natural Resources Committee, Adnan Al-Jabri, confirmed today, Thursday, that the oil and gas law is still under the Cabinet’s agenda and has not yet reached the House of Representatives to vote on it.
Since the first session of the House of Representatives, in 2005, the draft oil and gas law has been stuck in drawers, as disagreements prevent its approval in its final form.
Al-Jabri told {Al-Furat News}: “The oil and gas law is still on the list of the Council of Ministers and has not yet reached Parliament, but there is follow-up from specialized committees formed by the Council of Ministers.”
He added: "When the law reaches Parliament, it will be given a first reading and then it will be discussed and studied by the committee to be presented for a second reading."
He pointed out that "it is not possible to talk about transferring the project because it has not yet reached the House of Representatives and the Cabinet committees are discussing it in the presence of the governorates responsible for writing up the draft law and voting on it in the Council of Ministers and then sending it to Parliament."
Iraq exports an average of 3.3 million barrels of crude oil per day, and black gold constitutes more than 90 percent of the state’s treasury resources.
The draft oil and gas law in Iraq available to Parliament stipulates that responsibility for managing the country's oil fields must be entrusted to a national oil company, and supervised by a federal council specialized in this subject.
Prime Minister Muhammad Shiaa Al-Sudani said, in early last August, that “the draft oil and gas law is one of the basic and important laws, representing a factor of strength and unity for Iraq, and it has been stuck for years, at a time when the country today is in dire need of its legislation and to benefit from this natural wealth, in "All fields and sectors, in addition to the contribution of the legislation to solving many outstanding problems."
He explained that "there are governorates whose wealth has not been invested to date, which is considered negative for development endeavors in all their paths," according to a report by the "INA" agency.
The dispute over the issue of oil has been a major source of tension between Baghdad and Erbil for years. Last year, the matter reached the judiciary, as Erbil believed that the central government was seeking to seize control of the region’s wealth, according to an Agence France-Presse report.
In February 2022, the Federal Court in Baghdad ordered the region to deliver the oil produced on its lands to Baghdad, and to cancel contracts the region had signed with foreign companies.
The matter reached the point where the judiciary in Baghdad invalidated contracts with many foreign companies, especially American and Canadian companies.
A temporary agreement signed between Baghdad and Erbil in early April stipulates that Kurdistan oil sales will be made through the Iraqi Oil Marketing Company “SOMO,” while revenues generated from the region’s fields will be deposited in a bank account with the Central Bank of Iraq or one of the banks approved by the Central Bank of Iraq. From: Raghad Dahham LINK
MarkZ Thursday Update- 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 morning Mark Z, mods and everyone.
Member: I pray today is the BEST day of the rest of your life!!
Member: Are we there yet??? Asking for a friend!
MZ: Well RV news is quiet but, Sweden’s central bank needs a bail out.
MZ: Iraq has a lot of banking news…..they are getting money in the banking system…building exchange centers…..I assume you don’t need to hear it over and over again.
Member: We need to hear that the RV is real and they are working on it .
MZ: My sources in Iraq are still expecting it by the first……so sometime over the next 5-6 days. I hope they are accurate. I am tired….you all are tired.
Member: Hey Mark what does your gut tell you on timing??
MZ: My gut says we are about a week out.
MZ: Group leaders have cracked down on leaks. If you are hearing something out there from a group right now….somebody messed up and probably will not be allowed to exchange. …They have gotten very good at squashing any leaks….
MZ: In the bond side the only leaks I have found are small ones in the Zurich area, The rest of the world …Hong Kong…the US…they have really shut every leak down. While its frustrating for you guys it’s a good thing. It tells us how close we are….
MZ: They would not be shutting everyone up…just let the wild speculation run if we were far away.
Member: Frank said Iraq traded currency with 12 countries. They wouldn't do that if they were not going to have a new rate.
Member: Have you seen 'Rapid Updates' article reports as to the Iraqi governments surrender the dinar to market forces for the value of the dinar? Maybe this the dreaded float that you've spoken of?
MZ: This is important as there is a failing Central bank that needs a bail out. “Worlds oldest central bank seeking $7 Billion bailout after massive bond losses.” This is Sweden’s Central bank. They are asking for the minimum bare level amount they need to operate. This is a shot of adrenaline to the heart to keep it beating.
MZ: We have been waiting for these things to happen. It’s a temporary way to stay afloat before you drown. The fiat system is imploding.
Member: mark, friend of mine asked me about how Kuwait dinar got RV'd. Is there some good source I can send him to read about?
/member: I believe it was on 1991……might want to google it
Member: Hi Mark, I hearing the great pumpkin will not happen this year! Could be the crash and the black swan event!
Member: Watch BO Polney. Is saying possible stock crash Monday!
Member: Historically many stock market crashes happened in October.
Member: I sure pray the RV will happen before Christmas….
Member: I bet we start hearing soon that the PTB want us to have a good Black Friday this year….heard it for over 10 years
Member: Thanks Mark and mods…….have a blessed day everyone.
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
In an era where social media is the go-to source for news, the truth too often becomes a casualty of misinformation. Recently, images circulating online, allegedly depicting attacks on US military bases in Syria, have been debunked. Fact-checkers revealed that these pictures were not of recent events in Syria, but rather, they were old photos of Israeli airstrikes on the Gaza Strip, dating back to 2018 and 2020.
Misinformation Amid Tensions
The spread of these false images occurred amidst escalating tensions between the US and Iran-backed militias. With reports of attacks on US bases in Iraq and Syria proliferating, the stakes of misinformation are high, potentially fueling further conflict and misunderstanding. The situation underscores the vital importance of critical analysis and verification of information before accepting it as truth.
Israeli Airstrikes: A Humanitarian Crisis in Gaza
The images in question depict the aftermath of Israeli airstrikes on the Gaza Strip, a conflict zone that has seen devastating consequences for its civilian population. These airstrikes have resulted in thousands of Palestinian casualties and widespread destruction, leading to a dire humanitarian crisis. Relief operations have become increasingly challenging, and the need for immediate attention and international intervention is paramount.
The Israeli-Palestinian conflict has drawn global attention, with leaders around the world calling for solutions. French President Emmanuel Macron proposed the creation of an international coalition against Hamas, but the idea has yet to gain significant traction. US President Joe Biden, on the other hand, has advocated for a two-state solution, condemning attacks on Palestinians by Israeli settlers in the West Bank.
Moreover, the attacks on US bases in Syria have raised concerns about regional stability. There are fears that the conflict could escalate into a broader regional war, drawing in other countries and further destabilizing the Middle East. The roles of external players such as Russia and China, and their potential influence on the balance of power, add another layer of complexity to the situation.
US Role and Support for Israel
The attacks on US bases in Syria have also put a spotlight on the US’s role in the region. As a long-standing ally and significant provider of military aid to Israel, the US has faced criticism and scrutiny. The recent attacks by Iran-backed militias highlight the risks and challenges the US faces in the region, emphasizing the need for diplomatic resolution and regional stability.
In conclusion, this incident serves as a stark reminder of the perils of misinformation in our digital age. It also underscores the devastating human costs of the Israeli-Palestinian conflict and the complex geopolitical dynamics at play. As we navigate these challenging times, the need for accurate information, diplomatic solutions, and a focus on humanitarian concerns remains ever-present.
Shafaq News/ Iraq's Ministry of Interior has formally taken over security responsibilities in five governorates, with plans for additional transfers in the coming year, spokesperson said on Wednesday.
Brigadier Muqdad Miri told Shafaq News Agency that the transition, a large-scale process that requires a comprehensive of weaponry depots, is a key item on the current government's program.
"The handover of security responsibilities from the Ministry of Defense to the Ministry of Interior is a two-fold process, encompassing both constitutional aspects and rigorous testing of security units," Miri noted.
The transfer goes beyond mere administrative change, involving several essential steps, he said, "Most importantly, improving training programs, integrating the select formations, and a thorough reevaluation of the armament at the ministry of interior's disposal."
L"This marks a pivotal change, as the responsibility for city security has been entrusted to the Ministry of Interior," he continued, "previously, the army and various security agencies were involved in protecting cities under specific circumstances. With the considerable improvement in overall security, these units will revert to their original roles, allowing security responsibilities to shift exclusively to the Ministry of Interior's specialized units."
Notably, security responsibility has already been transferred in five provinces: Najaf, Karbala, Babil, Diwaniyah, and Muthanna. The Ministry of Interior plans to extend this transition to other provinces at the onset of the new year, with a gradual expansion process in place. This strategic move is part of the broader government plan to ensure effective governance and security across the entire nation.
Iraqi ambassador in Ankara inaugurates electronic passport system
Shafaq News / The Iraqi Republic's Ambassador to Ankara, Majid Al-Lajmawi, inaugurated the electronic passport issuance system at the embassy building, marking the issuance of the first electronic passport in the Republic of Turkey.
In a statement, the embassy announced the launch of the third generation of the new Iraqi electronic passport abroad. The new passport is distinguished by high technical specifications and is approved by the International Civil Aviation Organization. The statement highlighted that the new electronic passport will significantly reduce approximately 85% of paper-based and administrative procedures. It will be issued to citizens within a very short period.
Ambassador Al-Lajmawi emphasized that the embassy and general consulates in Istanbul and Gaziantep have taken effective measures to simplify procedures for residents in the Republic of Turkey across various fields.