Wednesday, August 2, 2023

"Rates to Remain Higher for Longer? High-Yield ETFs in Focus" BY Sanghamitra Saha FOR ZACKS, 2 AUGUST

The interest rates in the United States are expected to remain higher for longer. Despite some officials seeking for a 0.25% hike in rates in June due to a solid labor market and signs of economic resilience, the decision to hold rates steady was unanimous, leading to a pause.

The chances of a rate hike in July are pretty high at the current level. And we may see another rate hike in the rest of 2023, resulting in at least two rate hikes each worth 25 bps in the second half of this year. Fed Chair Jerome Powell reiterated this sentiment, accenting the risk of not taking enough action to tame inflation.


The possibility of raising rates at successive policy meetings is quite likely, given the projected momentum of inflation and the health of the job market. Not only this, many market participants believe that rates are likely to remain high for longer in the U.S. economy.


Key Reason Behind This Rationale: A Resilient Economy


Several officials who promoted for a rate hike in June saw the job market as robust and the economy as resilient. With the labor market remaining tight and economic activity showing stronger momentum than expected, they thought so.


Additionally, they noted that inflation had not been falling fast enough, further backing the case for a rate hike. Most officials recognized that inflation remained above the Federal Reserve's 2% target.


June Pause Was to Assess Effects of Prior Rate Hikes


One of the key factors behind the decision to pause was the necessity to allow more time for the effects of previous rate hikes to reflect on the economy. While officials recognized that the full impact of these rate hikes had yet to be observed, they also stated that credit conditions had not meaningfully tightened since early last year. Moreover, the weaker health of the regional banks probably led the Fed to go for a pause in June.


High-Dividend ETFs to Buy?

If rates remain higher for longer, investors may want to know about the ETF options that yield more than 4% to beat the benchmark treasury yields. Below we highlight a few of them. 

Xtrackers MSCI EAFE High Dividend Yield Equity ETF HDEF – Yield 4.67%; One-Month Return: Up 2.6%

The underlying MSCI EAFE High Dividend Yield Index tracks the developed market performance. The expense ratio of 0.20% annually.

Global X SuperDividend U.S. ETF DIV – Yield 7.37%; One-Month: Up 2.0%

The underlying INDXX SuperDividend U.S. Low Volatility Index tracks the performance of 50 equally weighted common stocks, MLPs & REITs that rank among the highest dividend yielding equity securities in the United States. The fund charges 45 bps in fees.


Xtrackers MSCI All World ex U.S. High Dividend Yield Equity ETF HDAW – Yield 5.30%; One-Month Return: Up 2.2%

The underlying MSCI ACWI ex-USA High Dividend Yield Index tracks the performance of equity securities in developed and emerging stock markets. Europe takes 49.37% of the fund, followed by Asia (39.64%). The fund charges 20 bps in fees.

Global X SuperDividend ETF (SDIV) – Yield 13.52%; YTD: Up 5.1%


The underlying Solactive Global SuperDividend Index tracks the performance of 100 equally weighted companies that rank among the highest dividend yielding equity securities in the world.The index provider applies certain dividend stability filters. It charges 58 bps in fees.


https://www.nasdaq.com/articles/rates-to-remain-higher-for-longer-high-yield-etfs-in-focus

BRIEF BIG CALL NOTES ( SPANISH & ENGLISH), 2 AUGUST

 BREVES BIG CALL NOTES PARA EL MARTES 1 DE AGOSTO DE 2023

SOLO INTELIGENCIA
¿¿¿DÓNDE ESTAMOS AHORA???
Gem Finch, [08/02/2023 12:40 p. m.]

Aquí es donde estamos: hubo un par de países para obtener Basilea 3, Vietnam y Zimbabue, pero ahora ambos están listos para comenzar, con el respaldo dorado de Zim 1: 1, dos países en América del Sur tardaron en conseguir bancos. obediente - Brasil y Venuezula - Todo se hace en el frente bancario excepto por cuestiones políticas - como los testimonios dados ayer y el socio de Hunter testificó y creo que pondrá todo en marcha y rodarán cabezas - esperemos que sea así y oremos sucede mañana, y el EAS como en el teléfono para alertas meteorológicas y EBS en la televisión y la radio hace una semana que fue detenido por tres computadoras diferentes en el Reino Unido, Virginia y Alemania y detuvieron el EBS, ahora que se resolvió y los involucrados atendidos: me sorprende la cantidad de personas arrestadas y en estados que te sorprendería escuchar. Y esto no estará en HSH, simplemente no informarán sobre esto, y hay números significativos que suceden todos los días.
Aquí es donde estamos, los bancos están listos para funcionar y los cajeros automáticos están cargados con el nuevo USN, y también una situación con el banco principal, algunos de los más altos en el banco principal que dicen que se supone que recibiremos notificaciones mañana y una cita el jueves. Creo que eso sucederá si esas cabezas ruedan mañana y entonces creo que es una buena posibilidad de que suceda y esto proviene de más de una persona y el personal de RC está listo para atender nuestras llamadas, pero un individuo viene en contra de los 800 y los centros de RC. - pero déjame asegurarte que son REALES y vienen en esos correos electrónicos RC aquí y en los EE. UU. y Canadá - - pero eso es como decir que Zim no es real o Dong:

esta persona está hablando de darte el número 800 – eso no es lo que estamos buscando, estamos buscando los que recibiremos RC ha estado entrenando en esto durante años en zoom y llamadas de prueba en todo el país y conocemos a las personas que envían el cronograma para todo país, y simplemente no puedo entender por qué alguien está publicando esto, por lo que si ve o lee eso, sepa que no es cierto y que esto sucederá cuando todo políticamente esté en línea, por lo que enviaremos notificaciones mañana o incluso durante la noche, por lo que en la situación política actual la cosa se maneja, los chinos no quieren que pase nada y esperarán y esas malas fuerzas todavía están ahí fuera y no quieren esa interferencia. Así que estamos con Dios y sabemos que todo, desde el lado bancario, está listo y el dinero se transfirió al RC, y algunos bancos colapsaron y se fueron, y muchos bancos Chase ahora son Chase Financial Services. Y signos permanentes en el interior en 30 días.

Y no me sorprendería si muchos otros bancos hacen esto, y las súper ballenas que tienen cajas de bonos, y esas súper ballenas obtendrán el 10 % de la venta de los bonos y el 90 % va para Nesara y Gesara. LAS BALLENAS MÁS GRANDES. Bien. ¿Cuál era el EBS que se suponía que se había hecho, tal vez era una prueba, pero se detuvo y ahora se pondrá en marcha cuando lo decidan en la televisión o la radio y nos dará alguna información tal vez 8 horas x 24/7, no oscuridad, solo divulgación? . La única oscuridad está en algunas áreas en las que estaban haciendo los arrestos y sabemos que según los códigos de área y los teléfonos estaban desordenados y no funcionaban.
Gem Finch, [08/02/2023 12:40 p. m.]

Así que tengo muchas ganas de que llegue mañana, y lo político tiene que suceder para aplacar a los ancianos chinos. Ahora, Bruce ha pasado a hablar sobre Sue y sus programas, Y estoy seguro de que suena como que esa es toda la información que Bruce tiene para nosotros hoy, pero eso es INTELIGENCIA IMPRESIONANTE, y, por supuesto, solo podemos rezar para que absolutamente nada lo haga. interponerse en el camino de este ahora que fluye sin problemas y FINALMENTE SE MANIFIESTA COMPLETAMENTE EN TODAS NUESTRAS VIDAS. 

Bruce, por supuesto, agradecerá a todo su equipo: Sue y Bob y GCK y el pastor Scott y Jeannie y Larry y, por supuesto, a todos los fieles oyentes de todo el mundo. Y sin falta rezar el llamado: POR FAVOR, POR FAVOR, únase a Bruce para rezar este llamado esta noche y continúe con la intención más sincera y profunda en sus propias oraciones hasta que esta BENDICIÓN CELESTIAL Y LAS NOTIFICACIONES SE PUBLICEN - Mi amor más profundo y sincero PARA TODOS USTEDES - Gema
Gem Finch, [08/02/2023 12:41 p. m.]

Las tasas continúan subiendo y Dong y Dinar y el aumento de estas tasas tendrá lugar durante las próximas 24 a 48 horas y eso está fuera de las pantallas bancarias hoy.
------
TRANSLATION IN ENGLISH:

BRIEF BIG CALL NOTES FOR TUESDAY, AUGUST 1, 2023 ONLY INTELLIGENCE WHERE ARE WE NOW???
Gem Finch, [02/08/2023 12:40 PM m.] This is where we are - there were a couple of countries to get Basel 3, Vietnam and Zimbabwe, but now both are ready to go, with the gold backing of Zim 1:1, two countries in South America were slow to get banks. obedient - Brazil and Venuezula - Everything is done on the banking front except for political issues - like the testimonies given yesterday and Hunter's partner testified and I think it will set everything in motion and heads will roll - let's hope so and pray it happens tomorrow, and the EAS as on the phone for weather alerts and EBS on TV and radio a week ago that was stopped by three different computers in the UK, Virginia and Germany and they stopped the EBS, now that it has been resolved and those involved taken care of: I shocked at the number of people arrested and in states you'd be surprised to hear. And this will not be on MSM, they just won't report on this, and there are significant numbers that happen every day.
This is where we are the banks are up and running and the ATMs are loaded with the new USN and also a situation with the main bank some of the higher ups in the main bank saying we are supposed to get notifications tomorrow and an appointment on Thursday. I think that will happen if those heads roll tomorrow and then I think there's a good chance that it will happen and this is coming from more than one person and the RC staff is ready to take our calls but one individual comes against the 800 and CR centers. - but let me assure you they are REAL and coming in those RC emails here and in the US and Canada - - but that's like saying Zim isn't real or Dong:

this person is talking about giving you the 800 number – that's not what we're looking for, we're looking for the ones we'll get RC has been training on this for years on zoom and test calls across the country and we know the people who send the schedule for every country and i just cant understand why someone is posting this so if you see or read that please know that its not true and this will happen when everything politically comes online so we will be sending out notifications tomorrow or even during the night, so in the current political situation the thing is handled, the Chinese don't want anything to happen and they will wait and those bad forces are still out there and they don't want that interference. So we are with God and we know that everything from the banking side is ready and the money has been transferred to the RC, and some banks have collapsed and gone, and a lot of Chase banks are now Chase Financial Services. And permanent signs inside in 30 days. And I wouldn't be surprised if many other banks do this, and the super whales that have bonus boxes, and those super whales will get 10% of the sale of the bonds and 90% goes to NESARA and Gesara. THE BIGGEST WHALES. Good. What was the EBS that was supposed to have been done, maybe it was a test but it stopped and now it will start when they decide on TV or radio and give us some information maybe 8 hours x 24/7 , not obscurity, just disclosure? . The only obscurity is in some areas where they were making the arrests and we know based on the area codes and the phones were out of order and not working.

Gem Finch, [02/08/2023 12:40 PM m.] So I'm really looking forward to tomorrow, and the political has to happen to placate the Chinese elders. Now, Bruce has moved on to talking about Sue and her shows, and I'm sure it sounds like that's all the information Bruce has for us today, but that's IMPRESSIVE INTELLIGENCE, and of course we can only pray that he absolutely nothing does. getting in the way of this now flowing smoothly and FINALLY FULLY MANIFESTING IN ALL OF OUR LIVES. Bruce will of course thank his entire team: Sue and Bob and GCK and Pastor Scott and Jeannie and Larry and of course all the faithful listeners around the world. And by all means pray the call: PLEASE, PLEASE join Bruce in praying this call tonight and continue with the deepest and most sincere intention in your own prayers until this HEAVENLY BLESSING AND NOTIFICATION IS RELEASED - My Deepest Love and sincere TO ALL OF YOU - Gema
Gem Finch, [02/08/2023 12:41 PM m.]
Rates continue to go up and Dong and Dinar and these rate hikes will take place over the next 24 to 48 hours and that's off bank screens today.

Iraq to Visit US Treasury🔥Discuss New Dinar Rate!🤔Iraq Dinar RV Updates ...

"STATUS OF THE RV" BY MNT GOAT, 2 AUGUST

 STATUS OF THE RV

The dollar and the electricity issue ignited Parliament’s last session. Parliament complained about delaying the implementation of the budget

A member of the State of Law Coalition, MP Muhammad Al-Ziyadi, expressed, on Sunday, his discontent with the government’s failure with several files, most notably the failure to implement the budget and the failure to address the rise in dollar prices and the electricity crisis, stressing that Parliament is determined to get out of the agenda of tomorrow’s session and go to solve the crises. 

But today we find out that the Ministry of Finance told us that instructions for implementing the budget were sent to the ministries days ago, with government secrecy and unwillingness to announce the matter. So now we know that is not waiting for a rate change to spend the budget. It is now in progress.

So, what is the HOT topic of this period? 

I talked to my CBI contact in Iraq this past weekend. Your gifts certainly made that possible. Again, I asked why was I told to expect the reinstatement a couple weeks ago. What happened? I was told that the US Treasury held it back due to the corruption schemes to money launder the dollars in those 14 banks we heard about. Also another issue that was highlighted was the issue of the black market parallel rate. I was told this rate must get down to very close to the “official” CBI rate. When it does the CBI will change the official rate one more time. This will lead to the project to delete the zeros. We can see that sanctioning these 14 banks from selling the dollar will certainly help but it will take a week I am told to catch up and see a difference. But I was assured it will make a difference. 

I then asked about these other dollar sales outside the currency auction windows allowed by the CBI? Remember these are the ones Ali Alaq talked about his interview and questioning in parliament we read last week in the article. These transactions are NOT recorded and traced and could be suspect too that are feeding the black market. I was told these are legitimate and the CBI is manually tracking them. 

Let’s talk about the Oil and Gas Law…

Today, Thursday (July 27, 2023), the Parliamentary Oil and Gas Committee revealed that the legislation of the oil and gas law in the Iraqi parliament is imminent, while confirming that it has priority in legislation after the approval of the budget law. Yes, it seems whenever they get close to a reinstatement, out pops the oil and gas law again, time after time…. Coincidental? I don’t think so. But before you get on your high-horse and start arguing with me again, let me say that it is not me who said there was a connection to the RV. It was in FACT in an article followed up with a on conversation with my CBI contact that  “all constitutional requirements mut be met prior to any release of the dinar” back to FOREX. What does this mean to you? Did you even hear this news a decade ago? 

Folks I can say that we are so very close to the reinstatement. Yes, I can almost taste it. But as I mentioned above there is still corruption with the dinar and dollars that must end or at least to get under some resemblance of better control by the CBI. The US Treasury is still not happy that the total daily amount of dollars was above normal for imports of Iraq once again this week. But the good news is the sanctioning of these responsible banks could and should fix the issue. 

Remember what Ali Alaq told us in an article just last week? He said and I quote from the article: “that on 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.” How is 1492 a success? I am confused. What was this all about? We must ask is it really all about the dollar and parallel rate or is there something else or even many items that the governor of the CBI is waiting on?

There is so much we are not being told and probably will not know until one morning we wake up and find that FOREX has been update and the dinar reinstated. But remember also they can not just pop it out there either since they must follow the process of deleting the zeros. They know we know and so how will they handle this?

I hope everyone is praying for the sovereignty of Iraq and that it can finally break free of the corruption and put safeguards in place that work. The RV is coming but I refuse to hype up events and lie to you. WE must relax and let it come to us. Remember also there is the political saga of massive corruption going on in the U.S. politics too and so we must wait for this to all shake out too. I am convinced of it now more than ever.

POLITICS

I decided to begin including this section in my Newsletter because of the nature of what we are now seeing in our governments and how these crises after crises now affect the ability of us to spend and hold on to our proceeds once we exchange our dinar post-RV. We can make a difference if we decide to. We are empowered citizens as we only have to realize it and do something about it. Remember the majority is many hundreds of millions of people and the elected and on-elected government officials are only less than maybe five thousand. This scares them but we have no power unless we act upon it.

I encourage everyone to watch these videos I have put together. They will save you time and are shortcuts to the political news that does affects everything in our lives including this long-awaited RV.

MNT GOAT NEWS, 2 AUGUST

 VICE EXPECTS A REVERSE RETURN IN THE EXCHANGE RATE AND TALKS ABOUT THREE NEGATIVES

Representative Baqir Al-Saadi expected, on Monday, that the dollar exchange rate against the dinar will continue to decline in the coming days. Al-Saadi said, in an interview with Al-Maalouma, that “common external-internal factors were behind the rise in the exchange rates of the dollar in the parallel market in Iraq in recent weeks, in a way that raised public concern.”

More news….

A SOURCE REVEALS THE ISSUANCE OF SECRET IMPLEMENTATION INSTRUCTIONS FOR THE BUDGET!
An official source in the Budget Department of the Ministry of Finance indicated that instructions for implementing the budget were sent to the ministries, with government secrecy and unwillingness to announce the matter.

The source said in a press interview, “The Ministry of Finance has sent instructions to implement the budget to the ministries during the past days.”

The source added, on condition of anonymity, that “the government issued instructions to the ministries and asked them not to disclose this, in order to avoid the anger of some groups, whose contracts have been terminated, and the lecturers who were not included in the budget materials within its allocations.”

More news….

OIL: REVENUES LAST MONTH AMOUNTED TO MORE THAN $8 BILLION

Today, Tuesday (August 1, 2023), the Ministry of Oil revealed the total exports and revenues achieved for the month of July, indicating that they amounted to more than 8 billion dollars, and exports of crude oil amounted to more than (106) million.

(Yet, Iraq still has 1/6 of a penny dinar? Are they teasing us?) 

More news….

THE OIL-FOR-GAS AGREEMENT BETWEEN IRAQ AND IRAN ENTERS INTO FORCE

The barter agreement (oil for gas) between Iraq and Iran entered into force, starting today, Tuesday, August 1.

Hamid Hosseini, head of Iran’s Petroleum Products Exporters Union, declared in a statement to Iranian media that: “Iraq will send us about 30,000 barrels of crude oil and 70,000 barrels of diesel in exchange for gas exports, starting in August.”

(Part of the budget is to get contractors in to capture the NG being burned off the oil rigs as it is today. Yes, billions of cubic tons of gas just being wasted. Can they pipe this them to the power plants for electricity?)

"STATUS OF RV" BY IQD IRAQ & VND VIETNAM, 2 AUGUST

 STATUS OF THE RV

The dollar and the electricity issue ignited Parliament’s last session.
Parliament complained about delaying the implementation of the budget.
A member of the State of Law Coalition, MP Muhammad Al-Ziyadi, expressed, on Sunday, his discontent with the government’s failure with several files, most notably the failure to implement the budget and the failure to address the rise in dollar prices and the electricity crisis, stressing that Parliament is determined to get out of the agenda of tomorrow’s session and go to solve the crises.
But today we find out that the Ministry of Finance told us that instructions for implementing the budget were sent to the ministries days ago, with government secrecy and unwillingness to announce the matter.
So now we know that is not waiting for a rate change to spend the budget.
It is now in progress.
So, what is the HOT topic of this period?
I talked to my CBI contact in Iraq this past weekend.
Again, I asked why was I told to expect the reinstatement a couple weeks ago.
What happened?
I was told that the US Treasury held it back due to the corruption schemes to money launder the dollars in those 14 banks we heard about.
Also another issue that was highlighted was the issue of the black market parallel rate.
I was told this rate must get down to very close to the “official” CBI rate.
When it does the CBI will change the official rate one more time.
This will lead to the project to delete the zeros.
We can see that sanctioning these 14 banks from selling the dollar will certainly help but it will take a week I am told to catch up and see a difference.
But I was assured it will make a difference.
I then asked about these other dollar sales outside the currency auction windows allowed by the CBI?
Remember these are the ones Ali Alaq talked about his interview and questioning in parliament we read last week in the article.
These transactions are NOT recorded and traced and could be suspect too that are feeding the black market.
I was told these are legitimate and the CBI is manually tracking them.
Let’s talk about the Oil and Gas Law…
Today, Thursday (July 27, 2023), the Parliamentary Oil and Gas Committee revealed that the legislation of the oil and gas law in the Iraqi parliament is imminent, while confirming that it has priority in legislation after the approval of the budget law.
Yes, it seems whenever they get close to a reinstatement, out pops the oil and gas law again, time after time.
It was in FACT in an article followed up with a on conversation with my CBI contact that “all constitutional requirements mut be met prior to any release of the dinar” back to FOREX.
Folks I can say that we are so very close to the reinstatement.
But as I mentioned above there is still corruption with the dinar and dollars that must end or at least to get under some resemblance of better control by the CBI.
The US Treasury is still not happy that the total daily amount of dollars was above normal for imports of Iraq once again this week.
But the good news is the sanctioning of these responsible banks could and should fix the issue.
Remember what Ali Alaq told us in an article just last week?
He said and I quote from the article: “that on 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 must ask is it really all about the dollar and parallel rate or is there something else or even many items that the governor of the CBI is waiting on?
I hope everyone is praying for the sovereignty of Iraq and that it can finally break free of the corruption and put safeguards in place that work.
Remember also there is the political saga of massive corruption going on in the U.S. politics too and so we must wait for this to all shake out too. …………………………………………………………………………………………………………PARLIAMENTARY COMMITTEE CONFIRMS THE IMMINENT ADOPTION OF THE OIL AND GAS LAW: IT HAS PRIORITY IN LEGISLATION
Sounds like they are in a rush to complete it.
Could it be it is needed to complete the constitutional requirements prior to any Reinstatement?
Today, Thursday (July 27, 2023), the Parliamentary Oil and Gas Committee revealed that the legislation of the oil and gas law in the Iraqi parliament is imminent, while confirming that it has priority in legislation after the approval of the budget law.
Committee member Jay Taymur told “Baghdad Today” that “there is a political agreement on the legislation of the oil and gas law, and this law has priority in legislation after the approval of the budget law, and this matter is agreed upon within the State Administration Coalition.”
Timur pointed out that “the coming days will witness the completion of the dialogues between Baghdad and Erbil in order to resolve all the paragraphs and provisions of the Oil and Gas Law, to send it to Parliament for a vote on it.”
He continued, “This law is very important to regulate the financial and oil relationship between the center and the region.”
This is a huge source of their revenues.
Don’t you think they would want to settle this and pass a law prior to the reinstatement?
And last Sunday (July 23, 2023), the Parliamentary Oil and Natural Resources Committee confirmed that it was awaiting a meeting with the President of the Kurdistan Region, Nechirvan Barzani, to resolve the final version of the oil and gas law, noting at the same time the insistence of the head of the federal government, Muhammad Shia’ al-Sudani, to approve it as soon as possible.
The oil and gas law is one of the most important differences between the federal government and the Kurdistan region, and the parties did not reach a settlement on it throughout the past four parliamentary sessions.

"THE USD IS STARTING TO DECLINE", 2 AUGUST

 FOLLOWING AN “AMERICAN-IRAQI” CALL… INDICATIONS THAT THE DOLLAR IS STARTING TO DECLINE

Baghdad Today – Baghdad
A number of experts and specialists expected that the price of the dollar in Iraq would begin to decline in the coming hours, following the contact that took place between the Central Bank of Iraq and the US Treasury, with the participation of the US Ambassador to Iraq, Elena Romanowski, while the first indications began from the Erbil Stock Exchange.
And Romanowski had said in a tweet on Twitter, followed by “Baghdad Today”, “I participated yesterday in a call between the Treasury Department and the Central Bank of Iraq (CBI) about the recent US measures to restrict 14 Iraqi banks from dollar services after concerns related to money laundering.” She added, “The Central Bank of Iraq took appropriate and prompt measures,” noting that “no sanctions were imposed on any of the Iraqi banks,” stressing “continuing work to improve compliance with AML/CFT systems and digitize the Iraqi economy with our partners in the Central Bank of Iraq.”
The exchange rate of the dollar rose against the dinar, reaching 153,100 dinars for every 100 dollars.
Earlier in the day, the Iraqi Trade Bank (TBI) decided to take the initiative to expand the scope of the external financial transfer process in order to allow the import of consumer goods at the exchange rate of the Central Bank of Iraq 1320 dinars per one dollar, provided that the value of the external transfer for each individual merchant per month does not exceed (100,000$ only). One hundred thousand dollars) and work in this matter will start in the bank’s branches in the capital, Baghdad, and work will be expanded in other branches outside Baghdad soon, according to the instructions of the Trade Bank of Iraq.
-----

A PARLIAMENTARY COMMITTEE CONFIRMS THE IMMINENT ADOPTION OF THE OIL AND GAS LAW: IT HAS PRIORITY IN LEGISLATION

Today, Thursday (July 27, 2023), the Parliamentary Oil and Gas Committee revealed that the legislation of the oil and gas law in the Iraqi parliament is imminent, while confirming that it has priority in legislation after the approval of the budget law.
Committee member Jay Taymur told “Baghdad Today” that “there is a political agreement on the legislation of the oil and gas law, and this law has priority in legislation after the approval of the budget law, and this matter is agreed upon within the State Administration Coalition.”
Timur pointed out that “the coming days will witness the completion of the dialogues between Baghdad and Erbil in order to resolve all the paragraphs and provisions of the Oil and Gas Law, to send it to Parliament for a vote on it.”
He continued, “This law is very important to regulate the financial and oil relationship between the center and the region.”
And last Sunday (July 23, 2023), the Parliamentary Oil and Natural Resources Committee confirmed that it was awaiting a meeting with the President of the Kurdistan Region, Nechirvan Barzani, to resolve the final version of the oil and gas law, noting at the same time the insistence of the head of the federal government, Muhammad Shia’ al-Sudani, to approve it as soon as possible.
The oil and gas law is one of the most important differences between the federal government and the Kurdistan region, and the parties did not reach a settlement on it throughout the past four parliamentary sessions.

TIDBIT FROM FRANK26, 25 DEC

  Frank26      The introduction of all these foreign currencies [to transact in for import/export] is  the introduction of the international...