Wednesday, October 18, 2023
Evening News with MarkZ. 10/18/2023
"RV UPDATE" BY MNT GOAT, 18 OCT
Mnt Goat
The saga about the Iraqi dinar RV only gets better as the months roll on.
More and more pieces are put in place for the inevitable revaluation and reinstatement of the dinar. It has become not a matter of “if” these events will occur but “when”.
Article quote: “We hope that the Central Bank will remain steadfast and independent, stand against pressure and rumors, and continue to implement international standards and prudent measures that will improve and stabilize Iraq’s economy and exchange rate .”Abdul Mahdi calls for the implementation of Parliament’s decision to withdraw US and NATO forces from Iraq, 18 OCT
Abdul Mahdi calls for the implementation of Parliament’s decision to withdraw US and NATO forces from Iraq, 18 OCT
On Wednesday, former Prime Minister Adel Abdul Mahdi urged the House of Representatives to activate their decision which calls for the withdrawal of foreign forces from Iraq. This comes in light of the recent events in the Gaza Strip, Palestine.
Abdul Mahdi issued a statement today stating that two urgent demands must be met in response to the aggression against Palestine. Firstly, the House of Representatives’ decision of 1/5/2020, which entails the withdrawal of all American and NATO forces with all their names, must be immediately implemented.
Abdul Mahdi urged preparedness at all levels and fields for the upcoming battle.
The Iraqi Parliament agreed on a resolution on January 5, 2020, requiring Baghdad to take steps to withdraw foreign soldiers from the nation.
The decision was made two days after an airstrike near Baghdad airport by Washington resulted in the deaths of Abu Mahdi al-Muhandis, the commander of the Iraqi Popular Mobilization Forces, and Qassem Soleimani, the commander of the Iranian Quds Force.
As a result of pressure, for the first time, Erbil submits to Baghdad and hands over its oil shares, 18 OCT
As a result of pressure, for the first time, Erbil submits to Baghdad and hands over its oil shares, 18 OCT
According to Moeen Al-Kadhimi, a member of the Parliamentary Finance Committee, the regional government has acknowledged the delivery of the region’s approved oil share, as well as non-oil revenues related to the border crossings. This marks the first time that the government has acknowledged the delivery of the region’s oil share as stated in the 2023 budget.
According to a statement by Al-Kadhimi, the region is currently under social pressure due to the failure to pay the salaries of its employees for the months of July, August, and September. The amount received from the federal government as a first payment is not enough to cover all the salaries, as the monthly salary expense for the region’s employees is around 900 trillion, which amounts to approximately 10 to 11 trillion annually.
According to him, due to public pressure, the region has agreed to hand over its oil share of 400,000 barrels to the Federal M inistry of Oil, along with non-oil revenues related to the border crossings. This marks the first time that the region has complied with its obligations to the federal government.
The Kurdish delegation arrived in Baghdad on Tuesday and plans to request the government to fulfill its commitment of providing the remaining financial payments to pay the salaries of its employees. However, the government will only do so after the regional government acknowledges its obligations to implement the provisions of the 2023 budget for the Kurdistan region.
On Wednesday, the Minister of Finance of the Kurdistan Region will meet with the House of Representatives to discuss financial obligations between Baghdad and Erbil, including salaries.
A delegation from the regional government arrived in the capital city of Baghdad yesterday evening, Tuesday. Today, Wednesday, they will hold a meeting with the Finance Committee in the House of Representatives to discuss the budget and salaries. The meeting is expected to address important issues related to the financial wellbeing of the region. The delegation’s visit is a significant step towards resolving these issues. The meeting is scheduled to take place today.
"RV UPDATE" BY MILITIAMAN & BRUCE, 18 OCT
Militia Man
Their goal is to de-dollarize the country. They've been working on this for a long time. Their job is not to specifically say, 'We're going to change the rate on Thursday of next week.'
They're not going to do that. They just will not. I think everybody should understand that by now...
When they do direct banking to go international it's not going be at a rate like 1310, it's going to be something that's fair, real effective exchange rate, something similar to that...
This is good information. It's phenomenal. Central banks' involved, the appropriate ground has been set for the auction window to leave...
Article: "...Representative have agreed on the importance of passing this law [HCL] because it guarantees the fair distribution of wealth to all Iraqis ..."
That's everybody in parliament, that's everybody, so I think there isn't going to be anybody that would miss that vote... So why haven't they done it? They have to value that. That's what we're waiting for to see if they have a new valuation for that based off the new international exchange rate...
Bruce
[via WiserNow] ...our hope is that we get notified - we set our appointments - and at least start Thursday.
That's what I'm hoping that we'll see if that's what manifests... you know guys, we've been awfully close before, or at least we thought it was that case. And now we're at that same point of could it happen? ...So we hope that this is it...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...