A New Update.. Learn About The Exchange Rate Of The Dollar Against The Dinar In The Iraqi Markets
Economy | 10:16 - 07/23/2023 Baghdad - Mawazine News The exchange rate of the dollar continued, on Sunday, to rise in the Iraqi markets. The selling price of 100 dollars was recorded for 153 thousand dinars. The purchase price was recorded at 151 thousand dinars, compared to 100 dollars. Ended 29 / h
The United Nations Reassures The Iraqis About The Mosul Dam: It Is Safe And The Water Level Can Be Raised
Local | 03:15 - 07/23/2023 Baghdad - Mawazine News Today, Sunday, the United Nations Industrial Development Organization (UNIDO) outlined the details of its support for Iraq with the water file, while noting that the Mosul Dam is safe and the water level can be raised.
"The organization's project in Iraq focuses on raising and developing the capabilities of workers in the Dams Authority of the Ministry of Water Resources, and in various dam projects in Iraq," said Harry Beechcroft, the organization's associate project manager.
Beechcroft added, "Another goal of the organization is to provide dam projects and the Dam Safety Unit, which has now become the Dam Safety Department in Baghdad, with the necessary equipment to sustain its work."
He pointed out that "an international council of experts was summoned to the Mosul Dam for the purpose of evaluation, and the results were very reassuring, and it recommended in its last visit to raise the level to 325 meters above sea level, and this means that the dam is safe and the water level can be raised without any problems."
He stressed, "The recommendation of the Council of Experts to raise the water level in the dam was very welcomed by the Ministry of Water Resources." https://www.mawazin.net/Details.aspx?jimare=231907
Al-Sudani And Al-Hakim Stress The Need To Support The Government's Measures In Implementing Economic Reforms
political | 04:39 - 07/23/2023 Baghdad - Mawazine News, Prime Minister Muhammad Shia' al-Sudani, and the head of the Wisdom Movement, Sayyid Ammar al-Hakim, stressed today, Sunday, the need to support the government's measures in implementing economic reforms.
The media office of the Prime Minister stated in a statement, that "Prime Minister Muhammad Shia'a al-Sudani received the head of the Wisdom Movement, Mr. Ammar al-Hakim, and during the meeting they discussed developments in the general situation in the country, and the need to support the government's measures in implementing economic reforms, and meeting the needs of citizens for services in various basic sectors."
He added, "The meeting witnessed an emphasis on attributing the government's steps to stabilize stability, and the importance of concerted efforts in order to face challenges in all their forms, with the aim of providing the guarantee environment for the success of investment plans and achieving sustainable development." https://www.mawazin.net/Details.aspx?jimare=231916
Iraq Reduces Its Holdings Of US Bonds To 8 And A Half Billion Dollars
Sunday 23 July 2023 10:23 | Economical Number of readings: 399 Baghdad / NINA / - The US Treasury announced, on Sunday, that Iraq had reduced its holdings of US bonds to 8 and a half billion dollars during the first five months of the year 2023.
The Treasury said in a schedule, that "Iraq reduced its holdings of bonds during the first five months of this year, starting from January to May, to 8.5 billion dollars, to reach the 36th rank among the countries with the largest possession of US treasury bonds, of the 38 countries included in the table of countries.
And she added, "Iraq's possession of US bonds in January amounted to 41.2 billion dollars, to decrease to 40.7 billion dollars in February, and to decrease to 39.3 billion dollars in March, after which it decreased again in April to 34.8 billion dollars, and decreased in May to 32.7 billion dollars," noting that "Iraq's possession of US bonds in January of the year 2022 amounted to 40.8 billion dollars."
And she indicated that "Iraq came as the fourth largest Arab country in the largest possession of US bonds, after Saudi Arabia, the Emirates and Kuwait."/ End 11
The Iraqi dinar pays the bill for the confrontation between Washington and Tehran
7-22-2023
The Iraqi dinar pays the bill for the confrontation between Washington and TehranBAGHDAD – The crisis of the collapse of the Iraqi dinar’s exchange rate against the dollar has returned to the forefront, prompted by US sanctions against 14 Iraqi banks that Washington believes constitute a vital artery for the flow of hard currency to Iran, while the Iraqi government is powerless to curb the escape of the parallel exchange rate.
The Finance Committee in the Iraqi Parliament intends to summon the Governor of the Central Bank, Ali Mohsen Ismail Al-Alaq, and the Minister of Finance, Taif Sami Muhammad Al-Shukraji, next week, to find out the reasons for not controlling the parallel exchange rate, but it does not seem that this will solve a problem that Iraq has previously experienced in the midst of the declared confrontation between Washington and Tehran.
And every time the US Treasury Department takes measures to surround financial flows to Iran in hard currency, Iraq finds itself in the heart of a crisis because there are suspicions of manipulation by Iraqi banks related to dollar sales (buying dollars from the central bank and reselling them to Tehran outside legal frameworks).
In the second crisis affecting the Iraqi dinar in a few months, it seemed clear that the Iraqi economy is the one driving the confrontation and rivalry between the United States and Iran.
Previously, US restrictions on Iraqi banks for the same reason triggered a crisis in Iraq and prompted thousands of Iraqis to demonstrate in the street, condemning the collapse of the dinar and the government’s failure to move to stop the financial hemorrhage.
Iraqi sources said that the exchange rates of the dollar rose against the Iraqi dinar in the markets of Baghdad and in Erbil, the capital of the Kurdistan region, after Washington imposed sanctions on 14 Iraqi banks, in a crisis similar to that of last year.
The matter is related to the parallel price, that is, the exchange rate of the dollar in the market and exchange offices, and not the official rate set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers.
“The government tried to control the exchange rate by reducing the dollar from 145 to 130, and was able to provide remittances to countries to which remittances can be sent,” the Iraqi Kurdish “Shafaq News” agency quoted MP Moein Al-Kadhimi, a member of the Finance Committee, as saying.
However, he added, “But there are other countries from which Iraqi merchants import, and US sanctions prevent sending these remittances, forcing them to obtain dollars from the parallel market.”
He pointed out that this matter “leads to the dollar’s price remaining high in the market, and the recent measures of the US Federal Reserve not to deal with a number of private banks had an impact on the rise in the dollar’s price, to reach 155.”
Al-Kazemi said that the Parliamentary Finance Committee will host the governor of the Central Bank and the Minister of Finance during the next week to find out the real reasons for the inability to control the parallel price.
He attributed the lack of control over the parallel exchange rate to the US punitive measures that affected 14 private banks, adding that “the sanctions imposed by the United States on countries such as Iraq, Syria, Iran, Lebanon and even on some Turkish companies lead to an increase in the black market demand for the dollar.”
US punitive measures prevent these banks from conducting transactions in dollars as part of a comprehensive campaign to transfer US currency to Iran.
This was not the first time that the US Treasury Department imposed sanctions and restrictions on Iraqi banks as part of an attempt to surround and curb financial flows in hard currency from banks in Iraq to the Iranian Revolutionary Guard or the bodies and groups associated with it inside and outside the Islamic Republic.
Tehran had previously accused Washington of conspiring against Iraq and held it responsible for the crisis of the collapse of the Iraqi dinar last year in return for the high exchange rate of the dollar in the Iraqi arena, a crisis that triggered a wave of protests in which Shiite militias loyal to Tehran participated.
Last November, the US Treasury Department prevented four other Iraqi banks from accessing the dollar and imposed, in cooperation with the Central Bank of Iraq, stricter controls on financial transfers in the country in general.
The American Wall Street Journal quoted a US official as saying, “We have strong reason to suspect that some of these money laundering operations may benefit, either to individuals covered by US sanctions or to people who may be covered by sanctions,” adding, “The main risk of sanctions in Iraq is definitely related to Iran.”
InvestorPlace has published a new Luke Lango presentation centered around a “potential backdoor Apple play” that he believes “could see 40X gains in the next few years.”
In short, it’s all about “Project Titan” (Apple’s rumored autonomous vehicle project) and one “tiny $5 tech company” that Lango believes could become a “vital Apple Car supplier.”
Lango didn’t reveal his pick in the video, but he did drop some hints about it, which I looked into to see if I could figure out what company he was teasing.
And in this post, I’ll show you exactly what I found (ticker and all).
The Pitch: Luke Lango’s “Project Titan” Prediction
Luke Lango’s latest stock teaser begins with him standing next to a briefcase that he says holds “what could be the key to Apple’s next potential trillion-dollar product.”
According to Lango, this “potential trillion-dollar product” is codenamed Project Titan and could be a “projected $46 trillion opportunity” for investors.
“When the timer on your screen hits zero…
I’m going to open this briefcase to reveal what could be the key to Apple’s next potential trillion-dollar product.
It’s known by the code name ‘Project Titan’…
And it could give investors the chance to cash in on what Bloomberg is calling a projected $46 trillion opportunity.”
What is Project Titan?
Project Titan is a codename used to describe Apple’s rumored electric vehicle project, which is said to be focused on a fully autonomous vehicle (AV) it’s developing.
However, there is sufficient information online to suggest that it’s at least possible, and the two links I just shared go into a lot more detail if you want to know more.
I’ve also written about Project Titan in different stock teasers I’ve covered (for example, Jeff Brown’s Apple Car prediction) that are based on a similar idea to Luke Lango’s pitch. Namely, the idea that Apple is working on a self-driving car and that there’s a “little-known supplier” investors can speculate on, which could be more lucrative than buying Apple shares.
He appears to be teasing a different company from others I’ve come across, though.
In short, Lango is predicting that one “potential backdoor Apple play,” which he refers to as a “little-known $5 firm,” could “40X your money over time.”
And one of the main reasons why he’s so bullish, at least from what I can gather, is his belief that the company “could play a pivotal role in turning the Apple Car into a reality.”
“But right now, many of my Silicon Valley contacts are buzzing with excitement…
About the tiny tech firm that could play a pivotal role in turning the Apple Car into a reality.
Its stock is currently trading for around $5 a share…
But I believe it could easily surge 40X or more over the next few years… especially if a deal with Apple ends up happening.”
Why does he believe this “tiny tech firm” is so important?
According to Luke Lango, it all has to do with a “critical piece of tech” that he and his team of “elite analysts” believe Apple may need to make Project Titan possible.
“Everyone knows that Apple is extremely secretive with their new projects… especially when it comes to their suppliers.
But using my team of elite analysts , we’ve been able to put together the breadcrumbs… clues hidden in plain sight…
To predict the critical piece of tech we believe they need to make Project Titan possible!
I believe that they could partner with one little-known $5 firm to supply it.”
What “critical piece of tech” is he referring to?
Luke Lango was pretty tight-lipped about the exact technology he was referring to, but he did say that it’s what could allow Apple’s autonomous car to “see.”
“I predict the biggest gains will come from investing in the one tiny $5 tech company that could help make the Apple Car a reality!
I believe this company could provide a key piece of tech the Apple Car needs to become a truly autonomous vehicle…
Because it’s going to be what allows the autonomous Apple Car to SEE.”
He also shared some images in the presentation depicting LiDAR technology, said this tech is used in the iPhone (which it is), and as I looked into the clues he shared about the company he’s teasing, I found that LiDAR is the tech this “tiny tech firm” specializes in.
What is LiDAR? Light detection and ranging (LiDAR) technology uses lasers to measure the distance between surrounding objects and the receiver. And it’s used in autonomous electric vehicles (among other things) to essentially “map” the surrounding area.
So, long story short, the “critical tech” Lango’s talking about appears to be LiDAR, a technology that’s used to help self-driving cars navigate.
And he believes that “one tiny Silicon Valley firm” could “become a key supplier for the Apple Car” (which would presumably involve LiDAR technology). And if it does, he predicts the stock could see 40X gains over the next few years.
“I predict Apple is going to kick off the projected $46 trillion transportation revolution with Project Titan…
And I predict one tiny Silicon Valley firm is going to help Apple make it all possible.
I think this little-known tech company could become a key supplier for the Apple Car…
And if that happens…
I predict it could send their stock skyrocketing for 40X gains over the next few years!”
It’s a bold and highly speculative prediction.
And as mentioned, Lango didn’t reveal the ticker in the presentation. But I looked into his clues and managed to uncover his pick. So let’s take a look at that now.
The Pick: What “Key Supplier for the Apple Car” Is Luke Lango Teasing? (“$5 Tech Company” Revealed)
So far, we’ve learned that Luke Lango’s pick involves a Silicon Valley-based tech company that could help the Apple Car “see” and that it trades for around $5 a share.
What other clues did he share?
For one thing, Lango said that two former Apple engineers built the company:
“Surprisingly, this tech is already being used in our iPhones…
And two former Apple engineers…
Actually left to build this company and start applying it to AVs!
That’s why I believe the Silicon Valley tech firm they started is a shoe-in to become a vital Apple Car supplier.”
He also said that the company has “over 25 Apple alumni working for them” and that it doesn’t have any official affiliation with Apple:
“And they have over 25 Apple alumni working for them.
In fact, about one out of 10 employees in this tech firm are Apple alumni!
Just last year, they added a former Apple senior executive to their advisory board.
Right now, they have no official affiliation with Apple…
But I don’t think it’d be surprising for Apple to have a bias towards partnering with a company…”
And lastly, he dropped some hints about who’s using the company’s tech:
“TuSimple, an autonomous trucking company…
Has already used this company’s tech to build, on average, 35,000-pound semi-trucks that can drive down 65 mph highways without a single human driver behind the wheel.
Even crazier…
NASA is using their tech to support the next generation of lunar and planetary exploration…”
To solve this puzzle, the first thing I did was a Google search for California Lidar companies that were started by former Apple engineers. And that led me to an article on technowize.com about California-based company Aeva Technologies, Inc. (AEVA).
From there, I checked the company’s stock, which is currently sitting at under $3 (June 2022), which matches what Lango said about it “trading for less than $5.” And as a side point, it was closer to $5 when the presentation was released (April 2022).
Next, I looked into what the company does and found that one of its main focuses is LiDAR technology for autonomous vehicles, which is exactly what Lango’s teaser suggested.
According to the company website, its main product is the Aeries™ II, which it says is the world’s first 4D LiDAR. I’m not an expert on this technology, but the page I just linked to explains what this tech does in detail, so you might find that worth a look.
The gist is that it’s a (seemingly) advanced LiDAR sensor for autonomous vehicles. According to the company, it “provides up to 20 times the resolution of legacy LiDAR sensors,” can detect objects at “distances up to 500 meters,” and is smaller than the company’s previous generation LiDAR sensor.
So to sum it up…
Aeva, which is based in Mountain View, California, matches the main clues Luke Lango shared about who started the company (two former Apple engineers), what it does (makes LiDAR tech), its stock price (under $5), and where it’s located (Silicon Valley).
As for the clues about TuSimple and NASA, those match, too.
According to businesswire.com, Aeva announced a partnership with TuSimple “to deploy Aeva 4D LiDAR on TuSimple’s self-driving trucks” in early 2021.
And according to techcrunch.com, NASA is working with Aeva to “create a tool that scans the terrain when ordinary cameras and satellite instruments won’t cut it.”
So, while I can’t guarantee I’m right, the evidence suggests (overwhelmingly) that the “potential backdoor Apple play” Luke Lango’s teasing here is Aeva.
With all that said, one thing I want to emphasize is that this company doesn’t have any official affiliation with Apple. Nor is there any proof that it “could become a key supplier for the Apple Car,” which is something Lango himself clarified in the presentation.
“My contacts in Silicon Valley are currently buzzing with excitement about the key technology this company could supply Apple with…
And if they do end up working with Apple, they could turn the global auto industry on its head.
Let me make one thing clear though: none of this is officially announced yet…
And I have no information that isn’t publicly available.
This is just what I’m predicting based on the research my team and I have done over the past 7 months. I don’t have a crystal ball… so I could be wrong, and no deal could ever happen.”
So, as far as speculation goes, this pick is up there.
Not only do we not know for sure if Apple is even working on a so-called “Apple Car” in the first place, but there’s no evidence that Aeva is, or will be, a supplier.
That’s not to say that Luke Lango’s prediction is wrong, though.
Unfortunately, I don’t have a crystal ball either. And since I don’t have any special knowledge about Apple’s projects or partnerships, I don’t know how his prediction will play out. What I can say, however, is that there’s no guarantee you’ll “40X your money,” or any money at all, following his recommendation. Whatever it might be.
Nevertheless, if you want all the details on Lango’s “Apple Car” pick, he’s put together a report called “The Project Titan Prospectus: How to Cash In on Apple’s Next Potential Trillion-Dollar Product” (which, by the way, is what was inside that briefcase).
The only catch is that to access the report; you need to join Innovation Investor. So in the next section, I’ll give you an overview of what this service is about.
Innovation Investor is an investment research service run by Luke Lango of InvestorPlace focused on emerging tech companies. And as a subscriber, you get two Innovation Investor research reports each month that detail his latest recommendations.
Subscribers also receive the “The Project Titan Prospectus” report I mentioned earlier, one called “The Projected $46 Trillion Transportation Revolution Playbook,” and access to an archive of past research reports Luke Lango has put together.
There are other aspects of the service, too. Like a model portfolio and regular updates, for example. But the main aspect, as with most services, is the research and picks.
As for whether or not it’s worth it, that depends on what you’re looking for. Innovation Investor is focused on emerging tech companies and, aside from autonomous vehicles, trends like 5G, artificial intelligence, blockchain, and the metaverse, for example.
So when Lango is right, his picks can see a lot of potential upside, and he provided numerous examples of this in the presentation. However, not all of his recommendations work out, and as we have seen recently, small tech stocks can be incredibly volatile. So the service may be too speculative for some.
If you want to see what other companies Luke Lang has teased before joining, check out this archive page, which lists other Luke Lango stock teasers I’ve written about.
In any case, while there’s no guarantee that Luke Lango’s recommendations will make you money, the Innovation Investor service is legit. So it may be worthwhile depending on what you’re looking for. And it only costs $29 to join if you sign up through the presentation.
Bottom Line
There’s no shortage of rumors circulating about Project Titan, Apple’s so-called “Apple Car” project that could see them release an autonomous vehicle at some point.
And given the sheer volume of information out there, across multiple trusted sites, it’s entirely possible that Apple is working on such a project.
However, nothing has been officially announced yet. And even if the company is working on a self-driving car project, we don’t know when a finished product will be released, how successful it will be, or what companies it’s working with to make it happen.
So, while Luke Lango’s pick may have “the potential to grow 40X in the next few years,” as he said in the presentation, there’s no guarantee that will be the case.
Anyway, that’s my take.
And as always, I’m keen to hear your thoughts, so comment below if you feel like adding your two cents on Lango’s Apple Car prediction. Thanks for reading!
With Innovation Investor, Luke Lango’s goal is to offer readers research on an elevated small-cap investing strategy that goes beyond anything that’s been done before on Wall Street. Luke was ranked America’s #1 stock picker in 2020 according to TipRanks and has 15 recommendations that have soared as high as 1,000% or more over his tenure.
Iraq Is Focusing On The "Most Powerful Country In The European Union" And Is Planning A Military And Economic "Alliance".
Policy |Today Baghdad today - Baghdad Today, Sunday (July 23, 2023), the Parliamentary Foreign Relations Committee described France as one of the strongest countries of the European Union allied to Iraq, while indicating that Baghdad is planning joint security, military and economic action with Paris.
A member of the committee, Amer Al-Fayez, told "Baghdad Today" that "France is considered one of the strongest countries of the European Union, an ally of Iraq, and there is a joint security and military work between the two countries, in addition to economic files that concern the conditions of the region in general, as there is joint coordination between Baghdad and Paris."
And Al-Fayez stated, "The visit of French Defense Minister Sebastien Lecorno to Iraq a few days ago comes to strengthen security and military cooperation between the two countries, especially since Iraq has worked greatly to remove the threat of terrorism from the world by fighting and defeating the terrorist organization ISIS, and this visit comes as a complement to the Iraqi Prime Minister's visit to Paris, to complete the discussion of files with a security and military dimension."
On Wednesday (July 19, 2023), the Iraqi Prime Minister, Muhammad Shia'a al-Sudani, received the Minister of the French Armies, Sebastien Licorno, and his accompanying delegation.
According to a statement issued by Al-Sudani's office, which was received by "Baghdad Al-Youm", the meeting witnessed a discussion of bilateral relations between the two countries, and prospects for developing them at the security level, within the scope of the international coalition, and within the framework of advice and training to raise the performance of the Iraqi security forces, and an emphasis on continuing bilateral cooperation to continue training, cooperation in the field of armaments, and exchange of information.
During the meeting, the Prime Minister praised France's support for the Iraqi forces, referring to the (strategic partnership agreement) that was signed during his visit to France last January, which represents a clear action map for the development of Iraqi-French relations in the fields of economy, security, energy, culture, education, and others.
Al-Sudani stressed, according to the statement, that the government is working to organize the relationship with the international coalition in Iraq, in a way that is commensurate with the post-war phase against the terrorist gangs of ISIS, as this phase is witnessing a significant growth in the capabilities of the Iraqi security forces in their various types of military.
Armament File Is Present
Al-Sudani spoke about the government's interest in the issue of training and arming, and the desire to cooperate with French companies in this regard, especially in the field of air force, defense system and military industrialization, stressing that cooperation with France is not limited to the security aspect only, but also extends to several fields, in light of the availability of real opportunities for an enhanced partnership of integration between the two countries.
For his part, the French Minister of Armies conveyed the greetings of French President Emmanuel Macron to the Prime Minister, and affirmed the French government's readiness to cooperate with Iraq in the field of training, armament and capacity development. He also indicated the seriousness of his country's government in providing everything Iraq needs and developing real partnerships with it.
On Wednesday (July 19, 2023), an official source in the Kurdistan region stated that the French Defense Minister, Sebastien Licorno, will arrive in Erbil today, coming from the capital, Baghdad, to meet with officials in the region.
The source said in an interview with "Baghdad Today": that Licorno will visit Erbil, coming from the capital, Baghdad, through its international airport, and will hold a series of expanded meetings with the head of the Kurdistan Democratic Party, Massoud Barzani, and the president of the region, Nechirvan Barzani.
According to the source, the French Minister of Defense will discuss strengthening and increasing coordination between the international coalition forces with the Iraqi forces and the Peshmerga forces.
Regional Security
The French Minister of Defense began a visit to Baghdad on Tuesday (July 18, 2023), with a meeting with his Iraqi counterpart to discuss the French arming of Iraq and confirm his country's position in helping it fight terrorism and drug smuggling.
Iraq is focusing on the "most powerful country in the European Union" and is planning a military and Iraqi Defense Minister Thabet al-Abbasi said after his meeting at his ministry's headquarters in Baghdad with his French counterpart, Sebastien Licorne, in a tweet on "Twitter": I received the French Minister of Armies, Sebastien Licorne, where we held bilateral talks on regional security and joint cooperation between the two countries. LINK
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Exchange Rates Rise Again Above 150 Thousand Dinars Per 100 Dollars
2023-07-23 | 2,601 views Economy Alsumaria News publishes the exchange rates of the dollar against the Iraqi dinar in the Iraqi local markets for Sunday, July 23, 2023.
In Baghdad: the purchase price of the dollar is 152,500 for every 100 dollars, an increase of 500 dinars from yesterday. The selling price of the dollar is 150,500 per 100 dollars
in the north: the buying price of the dollar is 152,750 per 100 dollars, an increase of 750 dinars from yesterday. The selling price of the dollar is 150,750 per 100 dollars
in the south: the buying price of the dollar is 152,500 per 100 dollars, an increase of 500 dinars from yesterday. The selling price of the dollar is 150,500 per 100 dollars LINK
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An Economist Rules Out Approving The Oil And Gas Law.. And The Region Accuses Baghdad Of Trying To Impose Centralization
Oil expert Mazen Al-Aboudi confirmed that the oil and gas law is one of the most controversial laws and is the backbone of all disputes between the region and the federal government, ruling out the possibility of passing it soon, ruling out the possibility of its approval soon. Al-Aboudi said in a press interview seen by Taqaddam that “there is difficulty in passing the law, and it is not as some imagine,” noting that “the real dilemma behind the delay in its approval is who has the right to invest, revenues, and management.”
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He added, "The investment law in the Kurdistan region differs from the federal law, and the licensing rounds are also different," ruling out "the possibility of its approval simply and easily."
The Oil, Gas and Natural Resources Committee pledged passing the oil law to achieving consensus and removing many obstacles, and urged seeking to create the appropriate environment to solve some of the accumulated problems to advance the legislation of the law during the current parliamentary session.
And the Kurdistan Regional Government returned to accuse the federal government of trying to impose centralization through its insistence on managing the region's oil.
“The Iraqi government claims that the Kurdistan region does not know how to control the oil file and spend its financial revenues,” said the Minister of Awqaf and Religious Affairs in the Kurdistan Region, Peshtuan Sadiq, in a speech he delivered among crowds of clerics in the administration of the Soran region. The Kurdish minister regrets that “federalism has not been achieved in any way.”
Iraq Reduces Its Holdings Of US Bonds To More Than $8 Billion
2023-07-23 Shafaq News / The US Treasury announced, on Sunday, that Iraq has reduced its holdings of US bonds to more than $8 billion during the first five months of 2023.
The treasury said in its latest table seen by Shafaq News Agency, "Iraq reduced its holdings of bonds during the first five months of this year, starting from January to May, by $8.5 billion, to reach the 36th rank among the countries with the largest holdings of US treasury bonds, of the 38 countries listed in the table of countries."
And she added, "Iraq's possession of US bonds in January amounted to 41.2 billion dollars, to decrease to 40.7 billion dollars in February, and to decrease to 39.3 billion dollars in March, after which it decreased again in April to 34.8 billion dollars, and decreased in May to 32.7 billion dollars," noting that "Iraq's possession of US bonds in January of the year 2022 amounted to 40.8 billion dollars."
She pointed out that "Iraq was the fourth largest Arab country in the largest possession of US bonds, after Saudi Arabia, the UAE and Kuwait." LINK
