Resolving Financial Relations: Iraq and Iran Settle Gas Debt, 30 SEPT

 Resolving Financial Relations: Iraq and Iran Settle Gas Debt, 30 SEPT

New Approach to Settling Debts

The Iraqi Central Bank recently announced a significant shift in the financial relations between Iraq and Iran, marking a new chapter in their economic dealings. A new agreement has been reached between Baghdad and Tehran, addressing the longstanding issue of Iraq’s gas debt to Iran. The precise details of this novel approach remain undisclosed, but the announcement signals a resolution to the long-standing problem of Iraq’s debt to Iran.

Impact of US Sanctions

Given the decades of conflict and international sanctions, Iraq relies heavily on gas imports from Iran to meet about a third of its energy needs. However, US sanctions on Iranian oil and gas have imposed restrictions on how Baghdad can pay for these imports. As a result, direct cash transfers to Iran are not possible, and payments must be held in a bank account, from which Tehran can fund imports of food and medicines. This system has left Iraq heavily in arrears, leading Iran to respond by periodically cutting off the gas supply.

Calls for Unlocking Payments

In response to the ongoing issue, a coalition of pro-Iran factions in Iraq, known as the Coordination Framework, has urged the government to press the United States to unlock pending payments for gas imports. This coalition, which holds significant influence over Iraqi parliament, voiced its concerns over frequent power outages experienced across the country during the hot summer months, when temperatures often reach 50 degrees Celsius (122 degrees Fahrenheit).

Alternative Solutions

To reduce dependence on Iranian gas, Iraq has been exploring several alternatives, including imports from Gulf countries like Qatar and recovering flared gas from oil fields. The government is also considering bartering oil for gas with Iran, a move designed to alleviate the worsening electricity crisis in Iraq. This move does not violate U.S. sanctions on Tehran, which apply to financial transactions but not to barter deals. However, the arrangement has not been officially communicated to Washington.

The Barter Agreement

According to a senior political official close to the Iraqi government, the barter agreement would see Iraq send 250,000 barrels of crude oil to Iran daily. This arrangement could potentially mitigate the severe power shortages in Iraq caused by Iran cutting off the gas supply due to unpaid debts. In return, Iran would resume its gas exports to Iraq, thereby restoring the energy supply to previous levels.

Future Outlook

Despite the challenges, Iraq is committed to meeting its energy needs and reducing its reliance on Iranian gas. The government recently announced a massive 27 billion energy deal with a French energy giant, TotalEnergies, which is expected to boost local electricity production. This deal is seen as a significant step towards shifting Iraq away from needing Iranian gas imports. The Iraqi Prime Minister has expressed optimism that these projects will end the need for imports within two to three years upon completion.

https://bnn.network/world/iraq/resolving-financial-relations-iraq-and-iran-settle-gas-debt/

Legacy of War: How Past Conflicts Fuel Present Resistance Movements, 30 sept

 Legacy of War: How Past Conflicts Fuel Present Resistance Movements, 30 sept

The Shadow of the Past

The echo of past conflicts often lingers long after the final gunshot has faded into silence. This is strikingly true for the eight-year Iran-Iraq War, the memories of which continue to fuel resistance movements even today. A veteran’s perspective offers a unique insight into the enduring legacy of this conflict and how past wars influence present and future movements.

The Iran-Iraq War: A Memory Etched in Stone

For eight tumultuous years, the nations of Iran and Iraq were embroiled in a bitter conflict that would leave an indelible mark on both countries. Saddam Hussein, the then dictator of Iraq, forced this war onto Iran, and it was a war that received backing from various Western countries. The memory of this conflict remains a potent source of inspiration for resistance movements even today.

A Veteran’s Perspective

A veteran who lived through this conflict shares his belief that the war continues to fuel resistance movements. The memory of the conflict, the sacrifices, and the struggle for survival has not faded with time. Instead, it has become a rallying cry for those who seek to resist oppression and assert their rights. The war, in this sense, has become an enduring symbol of resistance and a source of inspiration for those who seek to challenge the status quo.

War as a Catalyst for Resistance

Wars have often served as catalysts for resistance movements. The shared experience of war, with its many sacrifices and hardships, can foster a strong sense of solidarity among those who lived through it. This sense of shared struggle can, in turn, fuel the desire for change and serve as a powerful motivator for resistance.

The Role of Western Countries

Another factor that contributes to the enduring legacy of this conflict is the role played by Western countries. The fact that these countries backed Saddam Hussein in his war against Iran is a memory that still rankles many. This perceived betrayal has served to fuel anti-Western sentiment and has become a rallying point for resistance movements. It serves as a potent reminder that the fight is not just against local oppressors, but also against foreign powers that seek to influence the region’s affairs.

Conclusion

The enduring legacy of the Iran-Iraq War and its impact on contemporary resistance movements is a testament to the profound effects of war. Far from being confined to the past, the memories and experiences of conflicts can continue to shape the present and influence the future. As we seek to understand current resistance movements and the forces that drive them, we must not overlook the shadow of past conflicts that looms large over the present.

https://bnn.network/breaking-news/war/legacy-of-war-how-past-conflicts-fuel-present-resistance-movements/

VND Investment Tip #VND Vietnam Forex Zimbabwe Even Better Longer Wait? by SANDY INGRAM

House of Representatives: Key Votes and Draft Laws, 30 sept

 House of Representatives: Key Votes and Draft Laws, 30 sept

Overview of Recent Legislative Activities

The House of Representatives has been engaged in a series of votes on various decisions and draft laws. These include issues relating to social, diplomatic, and administrative matters. The House has also been involved in the ratification of agreements with foreign governments. However, some important votes have been postponed for later dates.

Acknowledging Tragedy: Hamdaniya District Decision

One of the critical decisions passed by the House of Representatives pertains to the tragic events in the Hamdaniya district. Although the specifics of this tragedy have not been disclosed, the decision by the House signifies their acknowledgment and commitment to address the incident. The move also showcases the role of the House in responding to incidents that affect the nation’s citizens and their well-being.

Diplomatic Relations: Iraq, Armenia, and Cyprus

The House also ratified agreements between the Republic of Iraq and the Armenian and Cypriot governments. These agreements aim to exempt holders of diplomatic and service passports from certain entry features. This decision highlights the ongoing effort to strengthen diplomatic ties and facilitate smoother international relations.

Appointments and Elections

In addition to regulatory decisions, the House has been active in electing and appointing individuals to key positions. Notably, Ali Youssef Shukri was appointed as the head of the Advisors and Experts Authority. Furthermore, Mohamed Younis al-Jubouri was elected as the head of the Accountability and Justice Authority, with Salah Muzahim serving as Vice-President. These appointments underline the House’s commitment to ensuring competent leadership in key governmental roles.

Postponed Decisions: National Nuclear Supervisory Bill and Creation of Halabja Governorate

Despite the progress in decision-making and law drafting, some key votes have been postponed. These include the vote on the draft law on the National Nuclear, Supreme, Chemical and Biological Supervisory Bill. The delay in this vote underlines the complexity and significance of the issue, as it pertains to national security and international relations. Similarly, the vote to create the Halabja Governorate in the Republic of Iraq has also been postponed. This decision relates to the administrative division of the country and affects local governance.

Conclusion

In conclusion, the activities of the House of Representatives reflect a diverse range of national issues. From addressing social tragedies to facilitating international relations, the House is instrumental in shaping the nation’s policy and administrative landscape. The postponed votes also highlight the ongoing challenges and complexities in decision-making at the national level.

https://bnn.network/politics/house-of-representatives-key-votes-and-draft-laws/

"STATUS OF THE RV" BY DINAR IRAQ & DONG VIETNAM, 30 SEPT

 STATUS OF THE RV

So, in the past we have talked lots about SECURITY & STABILITY and how they were necessary to conduct the Project to Delete the zeros, which leads to the RV and Reinstatement.

But we talked more about the stability part and so let’s cover the security part today.

Is Iraq secure?

Do they have the capability the worth off another major ISIS or like threat?

I quote – “The Joint Operations Command confirmed, today, Wednesday, that it possesses all preparations and weapons to preserve the country’s security and capabilities.

The command’s spokesman, Major General Tahseen Al-Khafaji, said {to Al-Furat News}: “We, as security forces, possess the preparations and weapons that enable us to maintain the security of our country, its capabilities, and vital targets.”

Al-Khafaji added, “The armament of the security forces is good and we aspire for it to be higher, as well”.

Also the US government in Washington confirmed that the presence of US troops in Iraq is agreed with Baghdad days after statements by Iraqi Prime Minister Mohammed Shiaa Al-Sudani that ISIS no longer poses a threat, and that his country no longer needs the international coalition.

I quote from the article – “ US forces are in Iraq at the invitation of the Iraqi government to undertake the task of advising, assisting and empowering,” State Department spokesman Matthew Miller said.

Also Al-Sudani noted in an interview with C. N. On the sidelines of his participation in the 78th session of the United Nations General Assembly, the “the Iraqi and American Ministries of Foreign Affairs are arranging a date this year, to meet the invitation of the American President for us to visit Washington,” noting that “one of the most important topics to be discussed in the visit is the Strategic Framework Agreement.”

You decide if Iraq is now secure enough…..

Does it meet these guidelines of SECUIRTY imposed by the U.S.?

Why would the US agreed to pull out of Iraq is they felt it was not secure enough and Iraqis could not handle a crisis?

THE DOLLAR SAGA continues….

We also read in the news today that over the course of the dollar crisis, the government took several decisions that were intended to reduce the value of the dollar against the dinar, but these decisions failed to find solutions, and the crisis is still continuing.

The economic expert, Diaa Al-Mohsen, believes that the Central Bank of Iraq is “incapable” of finding the real mechanism to control the rise in dollar prices, pointing out that “the Central Bank works with a mechanism that allows the process of evasion and currency smuggling.

But we know the solution they must take and that is to make the Iraqi dinar more valuable than the US dollar.

Al-Sudani months ago already told us the dinar was more valuable but the “official rate” is still 1/6 of a penny.

So, until they decide to pull the plug and let it go they will continue this fight against the dollar.

The new peg is to six main of the developed countries with only about 65% to the USD.

They are now pumping 2/3 more oil and have agriculture exports now and also 132 tons of gold.

Also lots of needed and valued industry needed minerals.

The Customs & Tariffs alone, if they can get their head out of their asses, could rival the oil revenues.

They are filthy rich!

I am seeing a constant rate of about USD $3.80-$4.25 range on the back screens at the bank right now.

I wish we can see the RV at least within Iraq so they can exchange to the newer lower denominations by then, but I do not have a date.

Holiday in Iraq on Ocober 3 – iraqis will for the first time celebrate their Independence Day.

Next day – October 4 is Iraq finally a member of World Trade Organization.

This is hard facts that cannot be debunked.

Can Iraq still continue with the program rate of 1132 until the end of the year?

Or will CBI release the new small category notes before October 4?

This would be a grand idea for al-Sudani to do for the people on liberation day.

As you know they will not give out any dates only a window when they plan to do it.

I was told October for the re-education and them they should follow closely with the newer lower notes.

But remember this is not their final rate.

It is only a temporary rate in-country for the citizens to make the transition to the newer lower denominations and to suck up all the 3 zero notes.

I said temporary even in Iraq.

The dinar CAN NOT have two rates at once.

We will see a different rate on FOREX and this will then be the in-country then also once they complete the redenomination, which will be much higher.

Since they do plan, as far as I am hearing, to reinstate the dinar until around January, they will use the in-country RV rate first, as I just mentioned.

At that time the programs rates are done.

No more 1132, it will be around 1:1 with the US dollar.

About the WTO accession, the articles told us months ago they were in the final stages and so they are all ready to go.

They only want a currency that can be international prior to making the final move.

They don’t need the currency to revalue only reinstate to be in the WTO, but we know they will revalue when they do reinstate it and go international.

I repeat, they DO NOT have to RV (no mandate for the WTO says they do) only need to reinstate for the WTO, but they are choosing to significantly revalue when they do reinstate it.

So we are good….

BY DINAR IRAQ & DONG VIETNAM

THE DRAFT IRAQI OIL AND GAS LAW…THE “BIG KNOT” HAS NOT YET BEEN RESOLVED, 30 SEPT

 THE DRAFT IRAQI OIL AND GAS LAW…THE “BIG KNOT” HAS NOT YET BEEN RESOLVED, 30 SEPT

(Any so-called intel guru that tells you the Oil and Gas law (HCL) is all done is flat out lying to you. Why do you even listen to their calls or visit their sites? They have no clue.)

Since the first session of the Iraqi Council of Representatives, in 2005, the draft oil and gas law has been locked away, as disagreements prevent its approval in its final form.

After 18 years, he announced, in late last August, the formation of a committee to develop “a draft of the oil and gas law and present it to the government and the House of Representatives,” according to what MP Firas Al-Muslimawy revealed to the Iraqi News Agency, “INA.”

The representative confirmed that “there is a real will in the House of Representatives to legislate the law,” noting that “Iraq’s oil is one and indivisible, and there is a movement towards achieving justice in the distribution of wealth to the people, whether in the Kurdistan region, the center, or the south.”

Weekend News with MarkZ 09/30/2023

Weekend News with MarkZ 

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

MZ: We talk with Matt and Lucas (CBD Gurus) for the first 30 minutes and then talk about the news of the week and what next week may bring.

Member: Mark, hope your having a good time in Vegas. Just remember what happens in Vegas stays in Vegas.

Member: Welcome to the weekend….and the last day of September…and the Last day of the fiscal year 2023!!!!   

Member: And it’s a Saturday…..Saturday night is when all the banks close worldwide for a short time……coincidence????   Or Perfect Storm ?

Member: Did anyone hear Nader yesterday? He says he got paid from the HCL

Member: What is the HCL?

MZ: The Hydo Carbon Law. Its where they share money, profits, revenues from oil-natural gas ect…..with the citizens of Iraq including the Kurdish region. We have been told for many years this is a key piece. And Very soon after the HCL was implemented we were told that we would see the dinar value changes. 

Member: Wish he said something about rate - I've seen $5 in country elsewhere

Member: TNT also stated he received reports from Iraq contacts that they received HCL funds. He mentioned a rate of $5.00! WOWZA

Member:  I wouldn't be surprised if it went that high... So much has been kept under wraps for a long time on purpose

Member:  It's right in the middle of Mark's expected range - 4-6

MZ: So HCL money….Nader is saying there are reports of people receiving HCL money. That does not mean a revalued dinar yet. Just that the HCL is completed and paying. 

MZ: I am continuing to hear very positive stuff on expectations of a rate change. They are giving us dates from this weekend to sometime in the first week of October.

MZ: Nothing on CMKX and Mr. C did check in this morning and he has not been paid. 

MZ: No news from bond holders …yet. I do know who has an appointment on Tuesday and has great expectations of walking away fully funded…..it’s a rumor until they have money in their pockets. 

MZ: I will be at a meet and greet this afternoon at 2 pm PST….…..if there is internet and I have more news I will try to share it then. 

Member: I heard Iraq and Kuwait have an agreement to keep the dinar within a few cents of each other’s currency.

Member: Kuwait is about $3.50 or so right now…or somewhere in that ballpark. 

Member: Does anyone know if we will be taxed on this exchange?

Member: if it's taxed just be thankful for what you're getting it's a blessing

Member: I was told that all we are doing is exchanges! No tax on exchanging currencies-imo

Member: I heard The Fed did try to tax currencies 25% that are changed, but they don't think it's going to happen

MZ: I continue to hear we will not have taxes on this exchange. I suggest everyone plan on having taxes…..but hopefully there will be none. I had just picked up more currency to cover taxes if there is any. You guys handle it how you want to. 

Member: Does the RV (Revaluation) have to happen before Iraq ascends to the World Trade organization on Oct. 4th?

MZ: Not but the dinar has to be a fully accepted international currency all around the world without any restrictions…..this would be a massive change.

MZ: I do know a few Iraqi citizens that are planning trips home to Iraq next week in anticipation. Does this mean anything…..I guess it could…or it couldn’t???. 

Member: I have a great Wells Fargo update ... they are closing branches and let a number of people go yesterday in Oregon. Giving some the option to go to wealth management.

Member: I’m not even going to lie I’m beginning to doubt this whole thing. So much time into it and nothing.

Member:  It,s been a long and slow and at times painful journey, but the last year has been amazing. We are there...Keep the faith

Mod: Every Situation in life is temporary, So when Life is Good, Make Sure you enjoy it, and when life is NOT so Good, Remember that it Will NOT LAST Forever and BETTER Days are Ahead! 

Member:  Goodbye, September. Bring on Red October! Or maybe Green October??

THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IS MARKZ ’S OPINION ONLY.

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!