MNT GOAT
PARLIAMENT PUT FORWARD A NEW PROPOSAL TO PASS A CONTROVERSIAL LAW
A member of the Parliamentary Finance Committee, Mueen Al-Kazemi, revealed today, Saturday, a new proposal to pass the controversial oil and gas law.
Al-Kadhimi told Al-Furat News, “The oil and gas law will depend on Articles 12 and 13 of the general budget for the year 2023, which made the Kurdistan Regional Government responsible for delivering 400,000 barrels of oil per day to SOMO.
As for the general amnesty law, it has major problems and must be discussed within the committees.” concerned in the House of Representatives.
Al-Kazemi explained, “Articles 12 and 13 approved in the budget set a context for the oil relationship between the federal government and the region. These two articles can be relied upon as a basis for enacting the oil and gas law and forming a council representing the provinces and regions regarding oil, with the participation of the relevant ministries.”
He pointed out, “The law is now ready to be put forward again for ratification in the next stage, in a way that guarantees the unity of Iraq and the federal government’s mandate over the oil wealth, as stated in Article 112 of the Iraqi constitution.”
More news….
DETAILS REGARDING THE OIL AND GAS LAW.. WHAT IS THE POSITION OF BARZANI’S PARTY?
Today, Monday, the Kurdistan Democratic Party (KDP) revealed new details related to the oil and gas law, and while confirming the existence of a new draft legislation under the dome of parliament, it considered it a “final solution” to the disputes between Baghdad and Erbil.
The party’s leader, Wafaa Muhammad, said in an interview with Al-Maalouma agency, “The agreement concluded politically and governmentally between the Kurdistan region and the federal government stipulates the existence of a new draft with the old draft of the oil and gas law.”
More news….
THE GOVERNOR OF THE CENTRAL BANK OF IRAQ RECEIVES A DELEGATION FROM THE INTERNATIONAL FINANCE CORPORATION (IFC)
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the International Finance Corporation (IFC) of the World Bank Group.
During the meeting, they discussed aspects of bilateral cooperation in the banking sector and developed it in line with global technologies, as well as presenting the latest developments on strategic projects implemented by the Central Bank in cooperation with the International Finance Corporation (IFC).
More news….
THE AMERICAN GREEN ELUDES THE 150,000.. THE IRAQI CENTRAL BANK CONFIRMS THE “SUCCESS” OF SUPPORTING THE DINAR AGAINST THE DOLLAR
Today, Sunday (July 16, 2023), the Central Bank of Iraq announced the “success” of the campaign to support the Iraqi dinar against the dollar, although the US currency is recording an increase in the local (parallel) markets, reaching 1492 dinars.
“We announce the success of the campaign to support the dinar,” Ammar Khalaf, deputy governor of the Central Bank, said in a press statement, denying “the existence of” a problem with the amount of foreign currency supply.
And he stressed, “The central bank has supported the stability of the exchange rate with a series of procedures, instructions and controls since the beginning of this year,” explaining that “the bank is trying to address problems to facilitate obtaining foreign currency.”
Full article in the articles section.
More news….
REGION PRIME MINISTER MASROUR BARZANI HAS FORMED A HIGH-LEVEL TEAM TO IMPLEMENT THE BUDGET LAW
ERBIL (Kurdistan 24) – The Chief of Staff to the Council of Ministers’ Presidency Omed Sabah at a press conference announced that Kurdistan
Region Prime Minister Masrour Barzani has formed a high-level team to implement the budget law. Sabah said that Iraqi Prime Minister Mohammed Shia’ al-Sudani has also formed a similar unit in his administration. “After the 2014 budget cuts, the Kurdistan Region will be re-integrated into the Iraqi budget for the first time,” he added.
Moreover, Sabah confirmed that they have worked to ensure the Kurdistan Region’s monthly shares and financial entitlements arrive on time.
(a requirement of the IMF stated years ago. The key is consistently on time every month according to the budget.)
More news….
WHAT ATTRIBUTED THE DELAY IN LAUNCHING THE GENERAL BUDGET?
Today, Sunday, Member of Parliament Suhaila Al-Sultani attributed the delay in launching the general budget to the government’s appeal against some articles and paragraphs at the Federal Court.
Al-Sultani said in an interview with the information agency, “One of the reasons for not releasing the salaries of new appointees in the current budget is due to the appeals submitted to the Federal Court,” noting that “the coming period will witness the release of salaries for all job grades that were added during this period.
More news….
THE PRESIDENT OF THE REPUBLIC DIRECTS THE NECESSITY OF SERIOUS WORK AND GIVING PRIORITY TO THE IMPLEMENTATION OF ARTICLE 140
The media office of the President of the Republic stated in a statement received by Alsumaria News, that “Rashid instructed the need to work hard to implement Article (140) of the Constitution and end outstanding issues regarding it in a manner that preserves the rights of all,” stressing “the importance of following up on the implementation of the decisions of the Supreme Committee for the implementation of Article (140). Constitutional by holding meetings and meetings with the relevant authorities and giving priority to this file, which affects the lives of a wide segment of the components of Iraqi society.
(As I stated the Oil and Gas law will most likely spark the resolution of the Article 140 once and for all too. Let’ see how this plays out. I am not specifically told this is needed for the reinstatement to happen however it is a constitutional requirement and they must have their constitution first fully implemented. I have been saying this for over a decade now. Is anyone listening to me?)
More news….
WILL IRAQ JOIN BRICS?
Today, Monday (July 17, 2023), the Watcher Guru magazine, concerned with economic affairs, revealed “accelerated steps” by the BRICS economic alliance led by China and Russia to end the “dollar domination” of the international economy, stressing that the world is now awaiting a “decision from Baghdad.”
The magazine stated, according to its report, which was translated by (Baghdad Today), that “the BRICS alliance is now trying to persuade the largest oil countries, the most important of which are” Kuwait, Iran, the UAE and Saudi Arabia “to enter the BRICS alliance instead of the SWIFT system currently used and which is dominated by the US dollar, stressing that” in If Baghdad agrees to use the BRICS system, the rest of the oil-producing countries will follow in its footsteps,” according to its description.
More news….
AN IRAQI ANALYST TOLD “FARES”: THE PRESENCE OF THE REPRESENTATIVE OF THE US TREASURY IN THE COMMERCIAL BANK OF IRAQ IS A VIOLATION OF IRAQ’S SOVEREIGNTY
Iraqi analyst Haitham Al-Khuzaie referred to the interventions of the US ambassador in Iraq’s internal and external affairs, stressing that the presence of the US Treasury representative in the Commercial Bank of Iraq is a violation of Iraq’s sovereignty and is rejected by every honorable Iraqi citizen.
The prominent Iraqi analyst said in an interview with Fars News Agency in this regard: How can a country build its internal and international political experience while the representative of the United Nations and the American ambassador are still interfering in its internal and external affairs, stressing that the interventions of the American ambassador and the representative of the United Nations must be limited by official means and binding them to the contexts of diplomatic action.
(How many articles on this subject matter of US violations of Iraqi sovereignty and negativity towards America have we seen in the last couple weeks? Something is going to come from all this. Will America be forced to leave Iraq alone? I think Iraq is getting sick and tired of American interference in the their affairs even after almost 20 years since the 2003 war. Hey…I thought America declared Iraq a sovereign nation once the sanctions were lifted. Also why have the US Treasury OFAC sanctions not been lifted on the dinar? What are they waiting for to liberate the dinar? Go ahead to your bank and try exchange a large amount of the three zero notes. See what response you get. I was told OFAC sanctions are preventing me from exchanging. This was just weeks ago. Not that I would have exchanged anyhow since the rate of 1/6 of a penny is not desirable. But that’s not my point… Get it?)
The saga about the Iraqi dinar RV only gets better and better this period. WOW! 😊 😊 So over these last couple weeks we experienced first-hand (no more rumors) that the US is “in fact” holding up Iraq from the project to delete the zeros and the liberating of their currency (reinstatement back to FOREX). There is now no more doubt about this. During these past two weeks I was told by my CBI contact to expect the new rate on FOREX. It did not happen. Upon further inquiry I was told the reason why.
During this past week I explored the White Paper once again and showed you article after article from the recent past and present of how the Central Bank has addressed the issues pertaining to the Stock Market and we now beg for the answer why have they not yet executed on the last item #6 in this section of the document?
Oh…. but the saga gets even better! 😊 As if it could….. As just over these last two weeks we have also seen article after article (I lost count) on the many Iraq politicians and analysts who have complained about the US and its violations of Iraq’s sovereignty. This is going to come to a point where something has to be done about it. There is now way to much interference in their internal and external affairs. Why? The Biden Administration is out of control. It is evident they are attempting to make Iraq a puppet state of the New World Govt Order. Iraq does not want to be a part of it. They have told us this many times already. They have told us they do not want to digitize their currency on the Central Banking Digital Currency (CBDC) platform. So, you can see the fight and conflict is coming. In fact, I believe it is now here. But it had to come, and it was long-awaited. But finally, so let’s get on with it. Iraq feels it is now mature enough and that momma no longer has to stop holding hands and so she must let go of her mature child into the world to stand alone. Will the US want to cut ties and fully recognize Iraqi freedom, democracy and sovereignty? Is there too much corrupt money involved. Has the corrupt US officials been sucking on momma’s tit way too long? After all why did we fight the 2003 war anyhow if not to liberate Iraq from a tyrant? Have they gone from the hot frying pan into the fire?
Today, a member of the House of Representatives, Muhammad Karim, accused the United States of America of the electricity crisis, while stressing that Washington is trying to thwart the government through these crises. Sound familiar? Have we seen this very same scenario play out in many countries already? Iraq is wise to the economic hitmen and how destructive they can be.
Yes, we are VERY close to something big happening with the dinar soon. I will not give you a target date as I do not spread rumors. How can anyone not see that we are on the precipice of something huge? I mean really huge!! 😊
Many times already, Al-Sundani has told the citizens of “Iraq the dinar is stronger than the dollar”. Really? How can this be, yet it is still less than 1/6 of a penny. So, when will they make this move and prove it to the world and given them a new rate?
Oh… by the way, Iraq just announced that the budget will open this week and they will begin allocating the funds. Is the project to delete the zeros in the budget? I am told it is. Is it now time to execute this project? I quote from the article – “A member of the Parliamentary Finance Committee, Jamal Kojar, confirmed on Wednesday that the dollar rate will fall against the dinar after the implementation of the provisions of the federal general budget.”
WHITE PAPER UPDATE (Stock Market)
White Paper Reforms are in progress as we can see the results today in the news. Where is the item 6, the FOREX reinstatement? Here are just a couple recent articles from late last week. Does it look like Iraq accomplished it goals with the Iraq three prong financial world – Banking sector, Stock Market, Insurance Sector?
Here is a list of many past and present articles on this matter:
Economy News – Baghdad
Al Mansour Investment Bank announced that it will start distributing cash dividends of 4.25% of the capital. The bank said in an announcement to its shareholders, seen by “Economy News”, that “the bank will start next Wednesday to distribute cash dividends to shareholders for the year 2022 at a rate of 4.25% of the capital based on the decision of the bank’s general assembly.”
Economy News – Baghdad
The Credit Bank of Iraq announced the distribution of cash dividends of 12% of the capital. “Cash dividends of 12% of the bank’s capital will be distributed to shareholders as of next Sunday, in the branches of Baghdad, Erbil and Basra,” the bank said.
Economy News – Baghdad
Iraqi Islamic Bank’s profits grew by 175% during the second quarter of 2023 compared to the same period in 2022.
According to its budget, the Iraqi Islamic Bank achieved a profit of 33.3 billion dinars until the end of the second quarter of this year, while its profits were 12.1 billion dinars during the second quarter of last year. This profit comes after banking operations revenues increased by 117%.
The bank’s assets increased by 14% to reach 1.6 trillion dinars, and the bank’s deposits increased by 31.4%, reaching 672.6 billion dinars.
The cash credit granted by the bank increased by 26%, reaching 510.3 billion dinars, compared to 405.6 billion dinars at the end of last year.
It is noteworthy that the Iraqi Islamic Bank, established in 1992, has a capital of 250 billion dinars, and owns 15 branches throughout Iraq.
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Every so often I find it necessary to explain further what has already been said many times in my newsletters. These questions come from the comments made in my blog. So today I scanned the comments and pulled out many relevant questions. Obviously, I can not address every question.
Question: I understand that we’ve been told that Iraq has succeeded to be a full member of the WTO. Is there a reason why it’s still listed as an observer country nation rather than a full member. As for the WTO, if you look on their website, Iraq is not listed as a member (https://www.wto.org/english/thewto_e/acc_e/a1_iraq_e.htm#statusThanks
Mnt Goat Reply: So, I have showed you the article itself telling us that Iraq has met all the requirements for full accession to the WTO. If you click on the link, you provided, and scroll down to the very first meeting notes link 2004, you will clearly see that Request for Accession has been submitted. The last meeting held to update status working session was July of last year 2022. At that time, they noted 1 more year. It is now a year later. Look for their 2023 meeting and it will probably note the full accession. I believe they are waiting for this meeting to announce it. But there may be another reason too and it may be the lack of an international currency. Get it? They are just waiting for this occur. So what comes first the cart or the horse? We must bear in mind things are complicated sometimes and holdups do occur based on dependencies on other events. Things are not always as straight forward as we would like them to be. This is why I too keep saying – What the hell in the holdup to the reinstatement?
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If we look at the document below on the progression of status, on the WTO site, we can clearly see that Iraq is much farther than what is showing here. This diagram needs to be updated. It is very old. As we read articles telling Iraq has paid up its fees and dues accordingly for all WTO consultation sessions. So, we know these sessions formally ended. What is the next step?
Iraq is already way over to the right in this diagram.
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Question: How many other countries that are members of the WTO do not have currency listed on the Forex. If there are none, can the U.S. be embarrassed or fined for holding up the Revaluation?
Mnt Goat Reply: I can not see any countries trading with international trading organization status with benefits of the WTO without an internationally recognized currency. How would they trade without it? Trade needs conversion of currency rates. I do not believe the US would be embarrassed about anything. I believe the workings are done for full accession to the WTO and may be waiting to make the formal announcement for the currency reinstatement to occur. Even though it may seems like a long time to us waiting weeks or months this is just time for them and it is all going to work out in the long run. Just be patient. Again, I am telling you to stop looking at a single event as a trigger and just relax! 😊
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Question: Is the contract price for the dinar available for Canadians, eiter for the dong or the dinar?
Mnt Goat Reply: No, but if I were you, you might want to consider coming to the US to exchange or having a friend or relative in the US exchange your currency for you. Hope it all works out for you, but still if it does not the “market” rates of both currencies is going to be great anyhow.
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Question: When Obama and his cronies cashed out… did they get paid cash or with SKR’s? Thank you as always!
Mnt Goat Reply: What happened in the exchanges is a mixed bag. The senators and congressmen who voted and supported the war were invited to take part. It is my understanding they exchanged, took their money and ran. This part was of course illegal since the reinstatement actually did not happen and US Treasury sanctions on the IQD currency were still in force. It was the US Treasury that allowed the banks to exchange. So who was the real culprit? Someday this will also be all exposed and I am sure a whistleblower will shortly come forward on this scandal too. The American people must wake to what these bastards have been doing to fill their own pockets using their political influence and positions of office. Obama right now it trying desperately to distance himself and his friends from the crime by putting time between the event. They are hoping to run out the clock on the statutes of limitations. Could this be our holdup too over these years? Just asking…The other exchanges who were family, friends, neighbors, etc, who got caught up in the so-called CBI scandal when they shut down the exchanges in December 2012. These people got SKRs.
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Question: Article 140: This sounds like this process could take years to complete. So this begs the question, is the full enactment of article 140 of Iraqi constitution necessary for the reinstatement of the dinar? Thank you for all you do!
Mnt Goat Reply: I fully believe that Article 140 will also be settled as a result of the Oil and Gas law. Actually Article 140 is a huge part of the reason why the Oil and Gas law has taken so long.
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Question: So you & the Cbi stated the Oil & has law is a needed law for a fully implemented constitution. My question is if there are other laws you know of that must or should be made to acquire said full implemented constitution?
Mnt Goat Reply: Constitution wise there is also Article 140 but I believe this too will be settled with the Oil and Gas law or shortly afterwards. There is no requirement for a “referendum” or law specific to Article 140 required. I hope this helps.
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Question: Hello Mountain goat appreciate all you do. I was wondering if the US could be holding it back till they launch the new fednow system ? Thanks
Mnt Goat Reply: So, for readers who don’t know what the “FedNow” system is let me first cover this. The FedNow Service is a new instant payment infrastructure developed by the Federal Reserve that allows financial institutions of every size across the U.S. to provide safe and efficient instant payment services. Through financial institutions participating in the FedNow Service, businesses and individuals can send and receive instant payments in real time, around the clock, every day of the year. This is the only difference from the existing Swift System. Institutions desiring to participate will have to upgrade code in their systems to integrate with it. So why should this effect the RV? You tell me because I have not even a clue. Who told you it would? Why would you even ask? Are you trying to target the RV once again to one single event?
For more information please see link below:
TNT:
Tishwash: Iraq is preparing a memorandum of understanding with Venezuela in the field of energy and gas and sends its foreign minister to Caracas
The Ministry of Foreign Affairs announced, on Wednesday, that the Iraqi government will sign a memorandum of understanding with Venezuela in the field of energy and gas during the current year.
A statement of the ministry received by Shafaq News agency stated, "Ambassador Haider Al-Barrak, head of the Department of America, and his accompanying delegation, met Juan Santana, the Venezuelan Deputy Minister of Oil, yesterday, Tuesday, and during the meeting, they reviewed the distinguished relations in the field of energy and emphasized the need for high-level coordination between the two countries. In OPEC and OPEC Plus.
The statement referred to "the preparation of a memorandum of understanding in the field of energy and gas between the two countries, which will be signed during the visit of Deputy Prime Minister and Foreign Minister Fouad Hussein to Venezuela this year."
On Sunday, July 16, Minister of Electricity Ziyad Ali announced that he would go to Qatar and Turkmenistan to supply them with gas to operate power plants instead of Iranian gas Link
Bruce’s Big Call Dinar Intel Tuesday Night 7-11-23 REPLAY LINK Intel Begins 40:50
Transcribed By WiserNow
everybody so the big call tonight is Tuesday, July 18. And you're listening to the big call. Thanks for tuning in everybody all over the globe. I know we had a really good reach. On Thursday we had 94 countries 91 countries on Tuesday's call, with the 6.7 million live listeners listening to the call, and half a million listening to the replay, which was what 7.2 million total. That's in addition to free conference call, and anybody who listens to free conference call replay or a replay link. So that's pretty good reach. And that's right along with the probably the most that we've had in a while. So thanks for joining everybody tonight
I don't think we are going to have another call. I really don't. I don't think we're going to have one. All right. So why do I say that?
So first of all, yours truly was awakened at 7:02 this morning, which is a little earlier than I like to awaken, but I was given some information that led me to believe I might just get something delivered, which would have the toll free numbers.
Now, my understanding a little later in the day was yeah, like there needs to be some changes made to some paperwork. And I thought, okay, all right, fine. So hopefully they made those changes, and everything is set to go. Now. What I'm saying is, I don't know when I'm gonna get delivery, but I know it's pretty quickly here pretty soon.
What we are hearing from Iraq is their budget for 2023 is opened. And of course that has the actual dinar rate in it that they use to calculate the budgets. What I didn’t asked was, did everything get printed in the Gazette Sunday? That was the plan - was everything that would be in the Gazette Sunday.
It might have been that was the intention, and I did not have clarification on whether that happened. And even if it didn't, it doesn't really matter to us at this point.
What happened earlier today is every bank, every bank head, meaning – President - the Vice President, of every bank around the globe, was notified to be prepared to chain communication to their bank personnel. That everything is to be started within 24 hours.
Now it is up to each individual bank to an extent as to when they will do start doing exchanges. And I can tell you right before the call tonight oh man bank communication phone calls emails was at a fever pitch?
You know, a lot of this stuff comes down to the fact where even and we know we've been through it, too. We've been told things were gonna happen and something didn't happen. And so we can't completely fault the banks for sitting, sitting back and kick back and not necessarily being ready. But they've been told under no uncertain terms to be ready.
Rearding windows when would it start? It would start tomorrow. We've got we have we have where our seating will play – 24 hrs starting today. Really meaning tomorrow is definitely in play. And tomorrow because of what I should have received today, and was fully intended to receive today – did notreceive yet. And that's the operative word Y E T? Because the day is not over yet. You catch my drift -
But I believe what one we've got information from two of our redemption centers. And one is saying notifications to us will come out between 930 and noon tomorrow. Let's see if that holds up. And we've also been told bondholders will get their emails, giving them access to funds. Their emails would arrive after 930 In the morning, and they would actually have access to funds before noon tomorrow.
These are bondholders - now we have another step. We receive that email we see toll free number we call the call center. And then we're routed to a redemption center in our zip code that we select to set our actual appointments. And I believe there's a chance we'll get these emails after 930 Sometime that'd be 931. It just means between 930 and probably noon and then we'll set up and there's a possibility that we will actually set our appointments and redemption center for some time tomorrow afternoon.
And if not, we should set our appointments for Thursday. So either way whenever we get the toll free number in an email from Wells Fargo - That to me is game over - or game on .
However we want to look at it because that's really what we're looking to receive. And from that point on we go and we are able to get started setting our appointments and going into our exchanges and redemption of Zim.
Now trying to think if there's anything else that even matters at this point, any really political changes put any updates on that? Well, the latest update we had today was supposed to be by by by biden - I don't know if it was that was what we were told by a certain number of contacts. And I don't know if that's true, or if it's in process. But I'll say one thing. We have been told and confirmed that President Trump would be back either on the 22nd or 23rd of July - 22 Is this Saturday - 23 is Sunday. So we'll see how that goes and what has to occur in the next couple days to make that happen. That's all we have anything political.
So we've got a really good and the reason I'm pretty excited about what should be happening tomorrow is because I was told that I would see something today - and I might still - so that's - that's exciting to me. That's telling me it's right there. It's right here. And I think it's a very positive step that they're they're taking to make this thing happen and to get it done.
I love the fact that all the bankers, all the heads of banks have been contacted. This is to go and to let their people know, it's real and it's starting. And we're underway. We've got certain people that we were hoping to hear from related to Charlie Ward that are no longer able to talk. They're under a fourth NDA. And it's precluding them from speaking to our people.
So I'm excited about where we stand right now, you guys. I think this is the closest we've ever been to having it actually manifest. And I'm excited about that.
That's what I wanted to bring to the call tonight about where we are. I look forward to this manifesting and I think we're gonna see something tomorrow, so stay tuned your emails. Remember?
My understanding is they want me to get the word out to people get the toll free number out and doing it on our website. So it'll be on bigcalluniverse. com when we’re able to get it and put it on there. And also, we should send out the emails more than likely tomorrow. I don't see us going out tonight. It would be tomorrow, some time.
But you guys, the only reason that makes any difference that we have an email list to send out the toll free number is some people that were gifted money or some people that change their email - they may not have your current email address - they being the Treasury and the Treasury has obviously given all that to Wells Fargo and then Wells Fargo emails are loaded and ready to go out.
But people change emails or move or whatever they may not have everything that they need. So we're looking to sort of fill in the blanks. People that are listeners to the big call can go to big call universe.com and register their current email if they already haven't. If you already have we've got it. Okay and we'll be sending out a blast of emails with the toll free number on it.
Sort of a congratulations, email. And that could go out tomorrow, but you should be looking to your emails sometime tomorrow morning, mid morning, if they've come in before noon, and then you can set your appointments and get started. So that's what I've been told. That's what I've heard. And that's pretty much everything I wanted to share tonight.
Oh everybody have a wonderful night tonight. As I said I don't expect to do another call. Let's see what happens with Sapporo brings and then hopefully we'll we'll see you on the other side. Do keep up with your emails from us. Because we will communicate with you when we do a call.
Enjoy some vacation time and breathe. Remember smell the flowers. Blow out the candles. Okay, all right, everybody. Have a good night. Everybody. Have a great night and have a wonderful time tomorrow. Let's pray the call out.
Frank26 (KTFA)
Iraqi parliament to resume sessions, key laws up for vote Shafaq News/ The Speaker of the House of Representatives will summon members to re...