THE COORDINATION FRAMEWORK REVEALS THAT THE DIFFERENCES OVER THE OIL AND GAS LAW HAVE BEEN OVERCOME, 30 AUGUST

 THE COORDINATION FRAMEWORK REVEALS THAT THE DIFFERENCES OVER THE OIL AND GAS LAW HAVE BEEN OVERCOME

(Really? Then why is the bill not yet before parliament for a vote? How many times must we hear this already over the last month. Then nothing happens or we find out later there are still pending issues.)

The leader in the coordination framework, Turki Jadaan, confirmed that half of the controversial paragraphs on the oil and gas law have been bypassed.

Jadaan said in a press interview followed by (Iraq Today), that “the number of outstanding points in the oil law reaches 14 points, half of which have been exceeded through meetings and discussions between specialized technical committees,” pointing out that “there is political support by all parties in order to overcome All differences and obstacles to reach a space of acceptance support the option to approve it during 2023.

He added, “The adoption of the law will address the challenges of smuggling and the influence of foreign companies and contribute to restoring the administration’s compass towards federalism, considering oil and gas as wealth for all Iraqi components.”

He pointed out that “discussions are currently taking place and there are expectations that a preliminary report will be submitted on the size of what has been achieved next September to the government in order to discuss the possibility of resolving what remains in coordination with the political forces.”

Oil and gas are among the important laws that have been postponed for 4 parliamentary sessions due to disagreements, and the government still has the purpose of coming up with substantive clauses that contribute to a consensus that leads to its approval.

DINAR IRAQ & DONG VIETNAM

"RV UPDATE" BY MNT GOAT, 30 AUGUST

 Mnt Goat 

 This is why we need them to issue the lower denominations. So, when they do reach around 1000 program rate (probably more like just under 1000) they plan to drop the zeros. The rate then changes by just moving the decimal place over by 3..

.It is really that simple...this in-country RV rate will not remain long. They will then move to FOREX after waiting a period of time as they “adjust for inflation”, which they are now doing. This is right out of Dr Shabibi’s plan. In each country, for instance the USA, will have an exchange rate for the dinar based on their economy and currency being exchanged.

The IMF and the CBI told us years ago they are not going to swap out the 3 zeros notes for the newer lower denominations at a fraction of the value. 

The 3 notes will be “legal tender” for up to 10 years but not in general circulation and used primarily for interbank transactions...The banks call this “public” vs “institutional” use. 

 I presented scenarios to you in the past about the rate of these 3 zero notes...the rate is already close to 1:1 only they added 3 zeros to the currency.  By adding these three zeros it circumvents any real profit for us investors until they delete the zeros and issue the newer notes.  

Our 3 zero notes then will still be valid currency, thus we multiply the new rate times the notes face value. 

On High Alert? New Exchange Rate!💣WTO Ascension!🤔Iraq Dinar RV Updates |...

BEHIND THE SCENES HOSTING THE GOVERNOR OF THE CENTRAL BANK IN PARLIAMENT FINANCE, 30 AUGUST

 BEHIND THE SCENES HOSTING THE GOVERNOR OF THE CENTRAL BANK IN PARLIAMENT FINANCE

Today, Sunday, the head of the Parliamentary Finance Committee, Atwan Al-Atwani, revealed the most important things that were agreed upon during the committee’s hosting of the Governor of the Central Bank, Ali Al-Alaq, while indicating his assertion that the stability of the exchange rate takes place with the commitment to purchase from the government platform.

Al-Atwani said in a statement to the official agency, followed by “NAS”, (August 27, 2023), that “it was agreed during the hosting to form a joint committee from the Finance Committee and the competent staff at the Central Bank to study the revival and support of the housing loan initiative and ensure the permanence and continuity of its financing in a way that enhances economic stability and achieves sustainable development”.

He added, “The governor of the central bank affirmed his efforts to reach a state of stability in the exchange rates of the dollar by committing to buying from the government platform.”

And the Parliamentary Finance Committee confirmed in a statement issued by it that it discussed with Al-Alaq the Central Bank’s initiative to grant citizens loans to solve the housing crisis, as well as the exchange rate file.

The statement said that “Al-Atwani praised during the hosting the role of the Central Bank in financing loans related to solving the housing crisis in the country, with the aim of facilitating the investment sector, economic movement and employment,” noting that “the suspension of the initiative affects the economic aspect and job opportunities, with the increasing need for housing units, Which requires conducting a feasibility study to reach an appropriate formula that meets the citizen’s needs.

The statement quoted Al-Alaq as explaining the reasons that led to the suspension of the initiative, adding that “money has been allocated to the Real Estate Bank and the Housing Fund with the aim of achieving economic activity and launching the initiative,” while he indicated that “the bank deals with the file with an in-depth study in order to control the monetary mass in accordance with the policy.” Finance, stressing the need to increase capital and support the Central Bank to continue initiatives.

According to the statement, the hosting discussed the exchange rate of the dinar against the dollar, as well as tax procedures on products imported through the ports.

BY DINAR IRAQ & DONG VIETNAM

Dinar RV Breaking News🔥Revealed: Iraq & Turkey Increase Trade Exchange &...

The Decline In The Exchange Rate In Baghdad And Erbil With The Closing Of The Stock Exchange, 30 AUGUST

 The Decline In The Exchange Rate In Baghdad And Erbil With The Closing Of The Stock Exchange

Economy   Tuesday, August 29, 2023  Baghdad / The National News Center  The prices of the US dollar fell against the Iraqi dinar, today, Tuesday, in the markets of Baghdad and Erbil, with the closing of the stock exchange.

The correspondent of the National News Center said, “The dollar prices decreased with the closure of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, to record 153,300 Iraqi dinars against 100 dollars, while the prices this morning were 153,800 dinars.”

He added, "The selling prices in exchange shops in the local markets in Baghdad decreased, as the selling price reached 154,250 dinars, while the purchase price reached 152,250 dinars for every 100 dollars."

In Erbil, the dollar also recorded a decline, as the selling price reached 153,850 dinars for every 100 dollars, and the purchase price was 153,750 dinars for 100 dollars.  https://nnciraq.com/224045/

Central Bank Sales Amounted To More Than 195.9 Million Dollars

Economy News-Baghdad   Today, Tuesday, the sales of the Central Bank of Iraq in the foreign currency sale window amounted to more than 195.9 million dollars.

The Central Bank's website published a schedule of its dollar sales, and "Al-Iqtisad News" reviewed it, as it included the participation of 26 banks and 132 exchange companies, and covered external transfer requests of $157.8 million, while cash requests amounted to more than $38.1 million.

And the Central Bank of Iraq sells the dollar for documentary credits and international settlements of electronic cards at a price of 1305 dinars per dollar, per dollar for documentary credits and international settlements of electronic cards and at a price of 1310 dinars per dollar for external transfers and at a price of 1310 dinars per dollar in cash. 40 views  08/29/2023 - https://economy-news.net/content.php?id=36005

Coffee with MarkZ and Andy Schectman. 08/30/2023