Friday, July 21, 2023
"THE CBI ISSUES 2 DECISIONS TO SUPPORT THE IQD AGAINST USD", 21 JULY
KTFA:
Clare: The Central Bank issues two decisions to support the dinar against the dollar
7/20/2023
The Central Bank of Iraq announced, today, Thursday, that it had taken "two urgent decisions" to enhance the ability of the Iraqi dinar in front of foreign currencies to circulate within the country.
And the Central Bank media stated in a statement received by {Euphrates News} that "the collection of all cash insurances shall be in the dinar currency exclusively with regard to internal credits, bank guarantees, and letters of guarantee issued in favor of the beneficiaries (governmental and private), even if they are in the dollar currency and at the official exchange rate."
He added, "It was decided that the payment of the sums of the letters of guarantee upon confiscation be exclusively in the Iraqi dinar and at the official exchange rate."
The Iraqi Central Bank called, according to the statement, "all licensed banks to take the necessary measures in accordance with the above."
Clare: Iraq cuts diplomatic relations with Sweden
7/20/2023
The Iraqi government decided, on Thursday, to withdraw its Chargé d'Affaires in Stockholm, and expel the Swedish ambassador from the country's lands, in protest against allowing a demonstration in which the Qur'an was torn and burned for the second time.
The government spokesman, Basem Al-Awadi, said in a statement today that the Prime Minister, Muhammad Shia'a Al-Sudani, directed the Ministry of Foreign Affairs to withdraw the Iraqi Chargé d'Affairs from the Embassy of the Republic of Iraq in the Swedish capital, Stockholm.
He also directed a request from the Swedish ambassador in Baghdad to leave Iraqi territory, in response to the repeated permission of the Swedish government to burn the Noble Qur’an, insult Islamic sanctities and burn the Iraqi flag, according to Al-Awadi. LINK
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Clare: Al-Sadr's supporters burn the Swedish embassy.. The Foreign Ministry denounces and Stockholm holds the Iraqi authorities responsible
7/19/2023
The Swedish embassy in Baghdad was set on fire at dawn, Thursday, during a demonstration organized by supporters of the leader of the Sadrist movement, Muqtada al-Sadr, on the eve of a gathering in Sweden in front of the Iraqi embassy whose organization intends to burn a copy of the Quran.
The attack on the Swedish embassy in Baghdad came after the Swedish police allowed the organization of a small gathering in front of the Iraqi embassy in Stockholm, where the organizer intends to burn a copy of the Koran and the Iraqi flag on Thursday.
For its part, the Iraqi Ministry of Foreign Affairs condemned in a statement "in the strongest terms" the burning of the Embassy of the Kingdom of Sweden in Baghdad, calling for the launch of an "urgent investigation" into the incident.
The statement stated that "the Iraqi government instructed the competent security authorities to conduct an urgent investigation and take the necessary security measures with the aim of uncovering the circumstances of the incident and identifying the perpetrators of this act and holding them accountable according to the law."
And Silwan Momica, who wants to burn the Qur’an in Sweden today, Thursday, is an Iraqi refugee there, and on June 28 he also burned pages of a copy of the Qur’an in front of the largest mosque in Stockholm on Eid al-Adha.
In response to the storming of its embassy, the Swedish Foreign Ministry said: We condemn all attacks on diplomats and staff of international organizations. All employees of our embassy in Baghdad are safe and the ministry is in regular contact with them.
She added that the attacks on embassies and diplomats constitute a serious violation of the Vienna Convention, and the Iraqi authorities bear the responsibility to protect diplomatic missions and their personnel. LINK
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Clare: Iraq.. The Communications and Media Commission suspends the license of the Swedish Ericsson Telecom Company
7/20/2023
Baghdad -
Today, Thursday, the Iraqi Media and Communications Authority announced the suspension of the license to operate the Swedish company Ericsson for communications in Iraqi territory.
The commission said in a statement, which Mawazine News received a copy of, that "the head of the Media and Communications Commission, Ali al-Moayyed, suspended the license to operate the Swedish Ericsson Telecom Company in Iraqi territory because its country allowed the burning of the Holy Qur'an and the Iraqi flag."
The media office of the prime minister announced in a statement that the latter "directs the Ministry of Foreign Affairs to withdraw the Iraqi Chargé d'Affaires from the Embassy of the Republic of Iraq in the Swedish capital, Stockholm. He also instructed the Swedish ambassador in Baghdad to leave Iraqi territory, in response to the repeated permission of the Swedish government to burn the Holy Qur'an, insult Islamic sanctities, and burn the Iraqi flag."
Earlier, Al-Sudani chaired an emergency meeting against the background of granting the Swedish government a license to burn the Qur’an, and the incident of burning the Swedish embassy in Baghdad.
The Swedish authorities summoned the Iraqi charge d'affairs in the country, following the burning of its embassy in Baghdad, in protest against Sweden's granting of approval to burn the Qur'an in front of the Iraqi embassy in Stockholm. LINK
Clare: It has been suspended for more than 10 years.. Parliament announces the activation of the Article 140 Committee, according to a political agreement
7/20/2023
Today, Thursday (July 20, 2023), the Second Deputy Speaker of the House of Representatives, Shakhwan Abdullah, announced the reactivation of the temporary committee formed in the House of Representatives to follow up the work of the Article 140 Committee of the Constitution, while pointing out that this committee has been suspended for more than 10 years.
Abdullah said in a press conference held with the participation of members of Parliamentary Committee 140, followed by "Baghdad Today", that "the temporary committee formed in the House of Representatives to follow up on the work of the Article 140 Committee of the Constitution, which has been suspended for more than 10 years, was activated after the agreement of the political blocs and support for the activation of this article."
He added, "There are thousands of transactions from those affected by the policies of the defunct regime within the framework of Article 140. We noticed through representatives of the governorates that there are many files, and the truth is that the amount allocated for compensation by the government in the 2023 budget is a very small amount."
And Abdullah continued, "The committee needs to complete its tasks to four trillion. Only 100 billion dinars have been allocated, and after efforts, another 100 billion were transferred to become the amount of 200 billion. This amount needs to be organized for how compensation reaches those included in the article. A mechanism has been established for the work of the committee, and there are regular weekly meetings for the work of Committee 140 to push for its real activation and completion of its tasks."
And he pointed out, "One of the tasks of the committee is also the necessary legislation and the abolition of the decisions of the Revolutionary Command Council that are unfair to the rights of the people of many provinces."
Abdullah concluded, "We thank the efforts of the government that voted on a draft law to cancel the decisions of the Revolutionary Command Council. The committee will have its first tasks to seek to receive the draft law from the government and approve it to ensure the restoration of farmers' rights. There will be a mechanism in cooperation with the government committee to reach citizens' dues in all governorates because there are southern governorates that did not receive compensation in addition to the governorates of Kirkuk, Diyala and Nineveh."
Yesterday, Wednesday (July 19, 2023), the former deputy of the Patriotic Union of Kurdistan, Hassan Ali, criticized the exploitation of the problems of "Article 140" as the elections approached. Stressing that its solution "lies only through the constitution."
In an exclusive interview with "Baghdad Today," Alli seemed surprised by "exploiting the problems of the politically disputed regions with the approach of each new election cycle," considering that "delaying the implementation of the article does not mean at all that it has ended in a constitutional article."
The aforementioned constitutional article does not fall away with time, according to the Kurdish MP. Which confirms that "these areas must be private by the federal government."
The speaker acknowledges the continuation of the problems of the disputed areas, and links their solution exclusively to the "constitution," noting that "the mobilization of politicians will continue with every electoral process."
Yesterday, Wednesday (July 19, 2023), he announced the formation of a political alliance that includes 13 Kurdish parties to participate in the provincial elections in the disputed areas, without including the Kurdistan Democratic Party and the Kurdistan Islamic Union. LINK
JUDY NOTE, 21 JULY
Global Currency Revaluation of 127 Countries of the World:
On Tues. 18 July monies began flowing out of Zurich; the Iraqi Budget with the new Dinar Rate in it was released to the Iraqi Provinces and funds were positioned for distribution; Paymasters were given liquidity and Whales were beginning to be paid. As of Thurs. 20 July some Whales had been paid, some had not, all could see monies in their accounts and all were under NDAs.
On Wed. 19 July the Iraqi budget with the new Dinar Rate in it was implemented in all Iraqi Institutions.
Thurs. 20 July Wolverine: “A little birdie just told me that Iraq received final approvals a few hours ago. They indicated that they would be activated when FedNow (QFS) was activated and FedNow activated today Thurs. 20 July.”
On Thurs. 20 July the Global Quantum Financial System officially launched the ‘FedNow Instant Payment System,’ while therefore Tier 4b(Us, the Internet Group) could expect notification at any time.
Thurs. 20 July TNT Tony, RubixQ on Telegram: Multiple sources have reported that disbursements have been completed this week and everything is now done.
Thurs. 20 July Bruce: Redemption Centers were on high alert as of Fri. 20 July. Tier4b (Us, the Internet Group) notifications should come sometime between Fri. 20 July to Sun. 23 July. On Wed. 19 July Paymasters were authorized to send emails out to Bond Holders telling them that they had access to their funds (at an unknown date)
On Sun. 23 July all financial changes was expected to complete.
The last week of July US citizens would receive restoration allowances that paid them back illegal interest given to the Cabal, plus SS payments would increase.
Thurs. 27 July RubixQ, Goldilocks on Telegram: “U.S. bank regulators are readying the launch of proposed capital requirement changes on July 27 to bring the country’s rules in line with the international Basel III accords, Bloomberg reported.” https://www.morningstar.com/news/marketwatch/20230718123/fed-preparing-basel-iii-capital-requirement-guidelines-for-july-27-release-bloomberg
On Tues. 29 August the new Quantum Financial System will be made public.
The International Treasury M1 is the owner and administrator of the World Account at the WORLD BANK, Account No. 01-00-01-4-AAA-777-C3-AM-01, distributed among various banks in 172 (one hundred and seventy-two) countries of the world.
BIG CALL HIGHLIGHTS, 21 JULY
Thurs. 20 July 2023 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#
The BRICS nations have announced that they were moving the announcement of the World going to gold/ asset-backed currencies to 23 Aug.
Today Thurs. 20 July two nations were not quite prepared to join BRICS.
The ATFX Forex trades gold/asset-backed currencies and those gold/asset-backed currencies have been trading on the ATFX Forex and going up in value.
Today we were told that Redemption Centers were on high alert as of Fri. 21 July.
Tier4b (Us, the Internet Group) notifications should come sometime between Fri. 21 July to Sun. 23 July.
On Wed. 19 July Paymasters were authorized to send emails out to Bond Holders telling them that they had access to their funds (at an unknown date)
Tier4b Funds are presently available at the banks for exchanges and redemption of Zim.
Thursday, July 20, 2023
"Iraq's massive Total oil deal heralds new revenue-sharing formula", 20 JULY
By Aref Mohammed, Silvia Aloisi and Timour Azhari
BASRA, Iraq, July 19 (Reuters) - Iraq secured its $27 billion oil deal with France's TotalEnergies TTEF.PAlast week by offering quicker, less risky payback through greater revenue-sharing, a model it could replicate in the future to lure investors.
Foreign investment in Iraq's energy sector has fizzled out since a flurry of post U.S.-invasion deals over a decade ago, with Exxon Mobil XOM.N, Shell SHEL.L and BP BP.L all having scaled back their operations in recent years, contributing to a stagnation in the country's oil production.
Oil majors complained that the terms of Iraq's traditional oil service contracts, which paid a flat rate for every barrel of oil produced after reimbursing costs, meant they could not benefit from rising oil prices and lost out when production costs rose. They turned to other countries offering better terms.
The contract "differs from previous technical service agreements in as much as the generated risks and profit are shared between the state and the investors," Total told Reuters.
Besides raising production at Ratawi, the deal consists of a 1 GW solar power plant, a 600 million cubic feet a day gas processing facility, and a sea water supply project key to boosting Iraq's southern oil production.
This new type of deal was initially signed in 2021, but faced delays amid disputes between Iraqi politicians over the terms and finally closed in April, when Iraq agreed to take a smaller stake than the 40% it initially demanded.
In the end, Total took a 45% share while the state-owned Basra Oil Company took 30% and QatarEnergy 25%. Saudi Arabia's ACWA Power would participate in the solar farm, the statement last week said.
Revenues will be split according to those stakes, one of Iraq's senior oil officials said.
The so-called Gas Growth Integrated Project (GGIP) aims also to improve Iraq's electricity supply by recovering flared gas at three oilfields and using the gas to supply power plants, also helping to reduce Iraq's import bill.
Total said it would invest in all four projects simultaneously, with the solar plant expected to begin operation at the end of 2025 and the gas recovery aspect in 2027.
"Fundamentally the revenues of the Ratawi field allow us to finance the other projects," the Total statement said.
An Iraqi oil official and Total said the structure of the contract was based on Iraq's 2018 oil and gas licensing round which for the first time gave prospective contractors a share of revenues rather than a fixed fee per barrel.
In the hybrid revenue-sharing model, for each barrel of oil produced, 25% would go towards the Iraqi state as a royalty, while the remaining 75% would go towards reimbursing shareholders for capital and production costs and be distributed as revenues, the official said.
Iraq's oil officials said the model could be replicated in the future but that would be considered on a project-by-project basis.
(Reporting by Aref Mohammed in Basra, Timour Azhari in Baghdad and Silvia Aloisi in Paris; Writing by Timour Azhari; Editing by Elaine Hardcastle)
((timour.azhari@thomsonreuters.com @timourazhari; +96170191137 / +9647901917023;))
https://www.nasdaq.com/articles/iraqs-massive-total-oil-deal-heralds-new-revenue-sharing-formula
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