An American institution: Washington’s pressures towards the Sudanese government threaten its survival, 26 OCT

 An American institution: Washington’s pressures towards the Sudanese government threaten its survival

A report by the American Century Foundation confirmed on Thursday that the Sudanese government faces challenges to its survival, especially due to economic pressures from the US.

According to a report translated by an undisclosed source, Iraq has made progress in the services sector, job opportunities, and reduction of regional tensions. However, the country still faces three main challenges. Reports show that there is a high risk of economic collapse due to deep structural challenges and dependence on oil exports. One of the most difficult issues that the government has to deal with is the devaluation of the dinar and the pressure exerted by the United States to restrict the flow of dollars, which has a significant impact on the Iraqi market.

According to the report, there are two major obstacles to be addressed in Kirkuk: social unrest and the fear of escalating tensions, particularly with the upcoming local elections in December. Moreover, climate change has also led to an increase in migration from rural areas to cities, causing population inflation in cities with limited opportunities and weak infrastructure. Infrastructure crime is also expected to rise.

The report highlights that corruption is the most significant challenge currently facing the government, and addressing it is not an easy task. The report further states that despite the government’s efforts, corruption continues to persist, and there has been no accountability for the massive corruption scandals, such as the “theft of the century” involving $2.5 billion. This corruption has far-reaching consequences and continues to cause losses and tragedies at the national level.

According to the report, Al-Sudani has been successful in balancing the interests of the parties in the coalition he leads. He has managed to reach agreements to secure federal funding for Iraqi Kurdistan. However, it is uncertain if he can continue to make such deals with the upcoming elections and intense competition.

Iraqi Dinar✅ Latest Exchange Rate Update Today 2023 / Iraqi Dinar News T...

Layla Abdul Latif: Predicting Iraq’s 2024 in the Arab World, 26 OCT

 Layla Abdul Latif: Predicting Iraq’s 2024 in the Arab World

the world braces for a new year, one voice echoes through the Arab world, stirring intrigue and anticipation. Layla Abdul Latif, a Lebanese fortune teller, has gained significant attention for her predictions for Iraq in 2024. Abdul Latif has been in the business of foretelling since 1979, and her predictions have reverberated through houses, coffee shops, and television channels across the Arab world.

The Oracle of Lebanon

Abdul Latif, the first woman in Lebanon to host television programs about astrology and predictions, has become a household name in the Arab world. Her predictions are not based on whim, but are grounded in a variety of factors including astrology, numbers, and visions. Her prophecies, however, should be taken as interpretations rather than certainties. As the current year draws to a close, there has been an escalating interest in her predictions for 2024, particularly for Iraq and other Arab nations.

A Glimpse into Iraq’s Future

Abdul Latif’s predictions for Iraq in 2024 oscillate between hope and despair. She foresees political turmoil, the possibility of governmental changes, escalating security tensions, and even the likelihood of terrorist attacks. A gloomier forecast predicts natural disasters such as floods and droughts, and a decrease in oil prices that could severely impact the Iraqi economy. Yet, there is a glimmer of hope. Abdul Latif also predicts peace negotiations between the Iraqi government and opposition factions, the launch of new infrastructure projects such as power plants, and an increase in foreign investments in Iraq.

Perception and Reception

Layla Abdul Latif’s predictions have not only gained attention but have also sparked fear and concern among the Iraqi public. Some find comfort or interest in such predictions, while others approach them critically. It’s crucial to remember that these predictions are interpretations and should not be taken as absolute truths or determinants of future events. In addition to Abdul Latif’s predictions, it’s also important to consider the opinions of experts in various fields, such as economics, politics, and security, when assessing the future prospects of Iraq. These experts can provide a more comprehensive and evidence-based analysis of the country’s situation and potential challenges and opportunities.

Ultimately, Layla Abdul Latif’s predictions for Iraq in 2024 have generated significant interest and discussion. While some may find her predictions intriguing or even accurate based on previous experiences, it is important to approach them with caution and consider them as one perspective among many. When evaluating the future prospects of a country, seeking a diverse range of opinions and analysis is always advisable.

https://bnn.network/politics/layla-abdul-latif-predicting-iraqs-2024-in-the-arab-world/

Member Of Parliamentary Energy: There Is An Intense Movement To Approve The Oil And Gas Law, And It Will Not Be Transferred To The Next Session, 26 OCT

 Member Of Parliamentary Energy: There Is An Intense Movement To Approve The Oil And Gas Law, And It Will Not Be Transferred To The Next Session

Time: 10/25/2023 15:03:01 Read: 1,196 times   {Political: Al-Furat News} The representative of the Parliamentary Oil and Gas Committee, Zainab Al-Moussawi, revealed an intense parliamentary movement to bridge the gap between Baghdad and Erbil to approve the draft oil and gas law.

Al-Moussawi told {Al-Furat News} agency, “There is great support for approving the law within the coordination framework as it is the problem of the Iraqi government, and it seems that the political parties that do not benefit from the approval of the law are hinting here and there to postpone the law to the next session, and this will not happen because the law has passed for many years since the year 2005 until now.”

She stressed, "The law has now been approved to regulate natural resources, including oil and gas, in Iraq, and also to solve the region's problem by placing production and management of the fields under federal control, and exports through the National Oil Company {SOMO}."

Earlier, the Prime Minister, Muhammad Shia al-Sudani, agreed with the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, to resolve the differences and outstanding issues, including the 2023 financial budget files and the oil and gas law, but the law is still a matter of controversy after talk of preparation. A new version of it was issued due to disagreement over its passage in light of the differences in political opinions.

The oil and gas law, which has been stalled in the Iraqi parliament since its first session, in 2005, is one of the most prominent points on which an initial agreement was reached between the governments of Baghdad and the Kurdistan region.

On February 15 of last year 2022, the Federal Supreme Court issued a ruling that the regional government’s oil and gas law of 2007, which regulates the oil industry and its extraction in the region, was unconstitutional. This ruling came after the regional government concluded contracts with foreign oil companies, and the Kurdistan Regional Government rejected the court’s decision. Federal, giving up its control over oil exports.   LINK

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 26 OCT

  Frank26 

 [Iraq boots-on-the-ground report] 

FIREFLY:   Sudani on the news saying Iraq lacks strict laws against currency speculators.  These are the people that have been delaying what we want to bring to you Iraqi citizens.  

Then he talks about more needs to be in place to hold accountability.  These laws will allow him to protect us more with our currency. 

 FRANK:   Wow!  Ta-Dah!...Look at the articles...you can find some of [this] tomorrow...you will find even more the next day.  It will get louder and louder until they make the announcement. 

 FRANK :  This is part of the monetary reform process, to pass these laws.  But it's the last phase of it to bring security and stability and to remove any corruption from your currency.  

These laws will allow Sudani to arrest more evil people that are against you Iraqi citizens and Sudani's reforms...Congratulations you are one step closer to what you seek - Value to your currency....  

Dinar Stronger than Dollar!💣IQD = Pre 1991 Rate?🤔Iraq Dinar RV Updates |...

IMF tells Zimbabwe to end RBZ's quasi-fiscal activities, 26 OCT

  IMF tells Zimbabwe to end RBZ's quasi-fiscal activities - Bulawayo24 News (10/26/23)

The International Monetary Fund (IMF) has implored Zimbabwe to end the central bank's quasi-fiscal activities among a raft of reforms to "fully restore macroeconomic stability".

The Reserve Bank of Zimbabwe (RBZ) stands accused of engaging in activities that are supposed to be done by the Treasury.

Quasi-fiscal activities were blamed for fuelling hyperinflation in the period 2006 to 2008. This accelerated the depreciation of the local currency, paving the way for the introduction of the multi-currency regime in 2009.

In its report after anIMF staff visit in the period October 18 to 25, the global lender said economic policy reforms identified in previous Article IV consultations have not been implemented.

"First, comprehensively addressing the RBZ's quasi-fiscal operations (QFOs) remains imperative to mitigate liquidity pressures and thus re-anchor inflation expectations. These measures should be complemented with an enhanced liquidity management framework, including through theuse of appropriate interest-bearing instruments by the RBZ to mop up excess liquidity," IMF said.

RBZ has introduced gold coins and digital tokens to mop up excess liquidity in the market. The IMF has been against the issuance of gold coins and instead proposing the introduction of "appropriate interest-bearing assets".

It said the consolidated fiscal stance, including QFOs, should be aligned with the short-term stabilisation objectives.

"Third, there is an urgent need to accelerate the FX market reform, by allowing more flexibility in the official exchange rate through a more transparent and market-driven price discovery; removing the restrictions on the exchange rate at which banks, authorised dealers, and businesses can transact; and further minimising export surrender requirements," IMF said.

The RBZ said this week that it was removing the 10% trading margin above the interbank rate as it fine-tunes and further liberalises the foreign exchange market.

https://bulawayo24.com/index-id-news-sc-local-byo-236793.html