The President of the Republic confirms his support for all efforts to pass the oil and gas law
9/4/2023 Baghdad -
President of the Republic Abdul Latif Jamal Rashid stressed today, Monday, the need to make efforts to combat all forms of corruption and provide the best services to citizens.
A statement by the Presidency of the Republic, a copy of which Mawazine News received, said, "The President of the Republic, Abd al-Latif Jamal Rashid, visited today the Sulaymaniyah Governorate building, where he was received by the Sulaymaniyah Governor, Haval Abu Bakr."
The statement added, "During the meeting, they discussed the service and administrative conditions in the city, where the president stressed the need to make efforts to combat all forms of corruption and provide the best services to citizens, stressing his support for all efforts aimed at approving the oil and gas law in a manner that preserves the rights of all Iraqis."
And the statement continued, "The President of the Republic reviewed the governorate's library, indicating the importance of establishing cultural centers that know the Kurdish culture and its history, as well as preserving the antiquities in the governorate and caring for its museum."
The statement concluded, "Governor Haval Abu Bakr expressed his thanks to the President of the Republic for his important visit, stressing that the governorate in all its departments will continue to work to provide services to citizens in a way that achieves their aspirations for stability." LINK
MarkZ "Café con MarkZ" Charla del lunes por la mañana 4 de septiembre de 2023
MZ: Feliz Día del Trabajo amigos. Estoy de regreso en los Estados Unidos por una semana.
Miembro: ¿Es esta nuestra semana????
MZ: Ciertamente se habla mucho de que podría ser esta semana.
MZ: Hay muchos rumores de que el dinero se está moviendo y comenzaron este fin de semana. Pero todavía no puedo encontrar a nadie con ese dinero en el bolsillo.
MZ: He recibido muchos mensajes de muchas personas en posiciones y lugares que dicen "hemos terminado" y está sucediendo ahora... Supongo que sabremos a lo largo del día de hoy y mañana si las cosas se han movido o no.
MZ: Muchos de mis contactos bancarios no funcionan hoy. Tengo una reunión física con uno de mis contactos más tarde hoy. Estoy muy entusiasmado con eso.
MZ: La gente del centro de canje trabajó algunas horas ayer... principalmente cuestiones de logística. ¿Quizás esto fue solo para mantenerlos en la ciudad? ¿A propósito y por si acaso? Pero hoy no están trabajando.
Miembro: Algunos dicen que los tenedores de bonos supuestamente se están hundiendo o ya están bajo NDA
Miembro: Vaya RV... todos los ojos puestos en Irak.
MZ: Mis contactos iraquíes están vacilantes con las expectativas para esta semana. Cada vez hay más confirmaciones de que el gobierno está utilizando esa tarifa 1132 con los contratistas en estos momentos. Estoy bastante seguro de que el CBI está empezando a tomar medidas. Han dicho antes que se estabilizarían a ese ritmo y luego nos darían el gran cambio que estamos buscando.
MZ: Sólo tenemos que esperar y ver qué surge de todo esto. La charla es abrumadora ahora que todo ha terminado. Lo creeré cuando podamos gastarlo.
Miembro: ¿Leí que hubo levantamientos en Irak por los pagos?
Miembro: De MM anoche: Rashid Bank pagará electrónicamente los salarios y los jubilados en Erbil. MM tiene sospechas furtivas de que no será así.
@130 a 1
Miembro: El hombre de la milicia dijo que Irak tiene 2 meses de retraso en el pago de los salarios y que emitirá cheques esta semana al nuevo ritmo que él cree. Por eso no pagaron todavía.
MZ: Eso también lo escucho de contactos sobre el terreno en Irak. Esta es una de las cosas que les hace pensar que esta es la semana.
Miembro: El pueblo iraquí está de vacaciones hasta el viernes. El gobierno podría estar trabajando detrás de escena
Miembro: El Tesoro a 10 años está en camino de sufrir una tercera pérdida consecutiva, algo que no ha ocurrido ni una sola vez en los 250 años de historia de la República en 1776.
MZ: Sí, el mercado de bonos está invertido, retorcido y en mal estado. Los fundamentos dicen que debería implosionar ahora.
------
TRANSLATE IN ENGLISH:
MarkZ "Coffee with MarkZ" Monday Morning Talk September 4, 2023
MZ: Happy Labor Day folks. I'm back in the United States for a week.
Member: Is this our week????
MZ: There is certainly a lot of talk that it could be this week.
MZ: There are a lot of rumors that money is moving and they started this weekend. But I still can't find anyone with that money in their pocket.
MZ: I've gotten a lot of messages from a lot of people in positions and places saying "we're done" and it's happening now... I guess we'll find out later today and tomorrow if things have moved or not.
MZ: Many of my bank contacts are not working today. I have a physical meeting with one of my contacts later today. I'm very excited about it.
MZ: The people at the exchange center worked a few hours yesterday...mainly logistical. Maybe this was just to keep them in the city? On purpose and just in case? But today they are not working.
Member: Some say bondholders are allegedly going under or already under NDA
Member: Wow RV... all eyes on Iraq.
MZ: My Iraqi contacts are hesitant with expectations for this week. There are increasing confirmations that the government is using that 1132 rate with contractors right now. I'm pretty sure the CBI is starting to take action. They have said before that they would stabilize at that rate and then give us the big turnaround that we are looking for.
MZ: We just have to wait and see what comes of all this. The talk is overwhelming now that it's all over. I'll believe it when we can spend it.
Member: Did I read that there were uprisings in Iraq over the payments?
Member: From MM last night: Rashid Bank will electronically pay salaries and pensioners in Erbil. MM has a sneaking suspicion that it won't.
@130 to 1
Member: The militia man said that Iraq is 2 months behind in paying salaries and that he will write checks this week at the new rate he believes. That's why they haven't paid yet.
MZ: I also hear that from contacts on the ground in Iraq. This is one of the things that makes you think this is the week.
Member: The Iraqi people are on vacation until Friday. The government could be working behind the scenes
Member: The 10-year Treasury is on pace for a third straight loss, something that hasn't happened once in the Republic's 250-year history in 1776.
MZ: Yes, the bond market is inverted, twisted and in bad shape. The fundamentals say it should implode now.
Vietnam PM meets with IMF Managing Director in Indonesia | Vietnam+ (9/4/23)
Prime Minister Pham Minh Chinh met with Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva on the sidelines of the 43rd ASEAN Summit and Related Meetings in Jakarta, Indonesia, on September 4.
Georgieva highlighted the Association of Southeast Asian Nations (ASEAN)’s and Vietnam’s positive economic growth, which, she said, has significantly contributed to spurring the sustainable growth of the global economy.
For his part, Chinh thanked the IMF and the Managing Director for their support to Vietnam in consultancy and policy making, helping the country stabilise the macro-economy and finance-monetary sector, and recover the national economy.
Lauding the fund’s role in promoting economic recovery after the COVID-19 pandemic and setting forth major orientations to remove difficulties and challenges, the PM said Vietnam stays ready to work together with the IMF to implement the agenda, focusing on the three pillars of stabilising the macro economy, supporting vulnerable countries and spurring growth.
Regarding the global economic situation, Georgieva pointed to a range of difficulties and challenges, which have also affected Vietnam.
Chinh also noted that the world economy is being impacted by many factors, including the lingering effects of the COVID-19 pandemic, the conflict in Ukraine, monetary tightening by many economies, supply – demand decline, and production and business stagnation.
To overcome the current difficulties and challenges, the PM and IMF Managing Directoragreed on the need for comprehensive solutions to ensure peace and stability.
They emphasised the importance of strengthening international solidarity, promoting multilateralism and continuing to boost international integration.
They shared the view that countries need to join hands to find new drivers for growth including green growth, circular economy, and sharing economy as well as the need to mobilse resources to expand production and business, create more jobs, promote innovation and start-ups, and not to politicise economic and scientific and technological issues.
The two sides agreed to strengthen the signing and negotiation of free trade agreements, remove trade barriers to facilitate the global circulation of goods; handle issues peacefully and cooperatively; promote the mobilisation of resources for development through public-private partnership.
The PM emphasised that in the context of complex global economic developments and potential risks, Vietnam will continue to implement the above mentioned groups of solutions to maintain macroeconomic stability, control inflation, maintain growth momentum, ensure major balances of the economy, and control public debt.
Vietnam will continue to implement flexible and effective monetary policy and fiscal policy with key focuses, promote both domestic and foreign investment, especially investment from the state sector. Vietnam will also coordinate and call on major economic hubs including ASEAN, to join hands in implementing the solutions.
The IMF Managing Director said that in the coming time, the IMF will continue to have solutions to help member economies increase their resilience against future shocks.
In the current trend of fragmentation in the world economy, the IMF hope that ASEAN in general and Vietnam in particular, on the basis of economic growth achievements,will promote its role in connecting economies and have a stronger voice in promoting global cooperation.
Chinh affirmed that Vietnam is ready to join hands with the IMF to implement measures to promote economic recovery.
Vietnam hopes that the IMF will continue to support Vietnam in policy consulting and making, technical support so that Vietnam can achieve its set development goals.
On this occasion, Chinh invited Georgieva to visit Vietnam soon and the latter happily accepted the invitation.
Article: "SPECIALISTS CALL FOR A REVIEW OF THE IRAQI FINANCIAL SYSTEM" Quote: "...the financial and administrative system in Iraq needs to be restructured..." ...of course Iraq does not need all these structural changes to reinstate their currency as the value is already in the dinar with the oil market. Building the economy will only enhance the dinar and bring the rate up even more...
Yes, there is always the possibility that the CBI could surprise everyone and they could suddenly push this forward. But...They have told me over and over again that when they get ready to do it there will be no secrets to the progress of the project to delete the zeros. This step will be announced and shown to the world... But here is the good news, The “secret” lies...in the redenomination in that the next step afterwards is the reinstatement and the liberalization of the dinar back to its “former glory” .
...according to my conversation with my CBI contact in Iraq...I was told that there is still concerns about the dollar and the smuggling of dollars out of Iraq...There is still work to be done in this area. It was also confirmed to me that the CBI did intend to conduct the project to delete the zeros sooner than later but there are obstacles to moving ahead that still need work
Breitling
As far as Iraq revaluing their currency there is no more problems...If they're going to be regional you've got to look at Iran, Saudi Arabia, all these local currencies...and you can average out the value of the currencies of the Middle East...They need to maintain that balance. Either way it's going to be a major revaluation.
There's nothing wrong with cheering the dinar is going to revalue. There's nothing wrong with being wrong if it doesn't revalue. BTW I don't think I'm wrong. It's a principled based investment and there's plenty of future coming for the Iraqi dinar. Trust me, there just is...
The President Of The Republic Confirms His Support For All Efforts To Pass The Oil And Gas Law
Monday 04 September 2023 16:41 | political Number of readings: 131 Baghdad / NINA / - The President of the Republic, Abdul Latif Rashid, affirmed his support for all efforts aimed at approving the oil and gas law in a manner that preserves the rights of all Iraqis. A statement by the media office of the President of the Republic said, "Rashid visited the Sulaymaniyah governorate, and he was received by the governor, Haval Abu Bakr."
During the meeting, the President stressed the need to make efforts to combat all forms of corruption and provide the best services to citizens," stressing his support for "all efforts aimed at approving the oil and gas law in a manner that preserves the rights of all Iraqis.
" The importance of establishing cultural centers known about Kurdish culture and its history, as well as preserving the antiquities in the province and taking care of its museum.
According to the statement, "Governor Haval Abu Bakr expressed his thanks to the President of the Republic for his important visit, stressing that the governorate in all its departments will continue to work to provide services to citizens in a way that achieves their aspirations for stability."/ End