Saturday, October 28, 2023
"THE EXCHANGE RATE REFORM GUIDANCE WITH THE IMF" BY GOLDILOCKS, 28 OCT
Goldilocks' Comments and Global Economic News for the evening of October 28th
Good evening ,
We are witnessing several countries having gone through exchange rate reform guidance with the IMF as of late.
Here, we have Zimbabwe upgrading their currency exchange mechanisms. These changes will put them on par with other countries in trade on the new digital asset-based trading system.
Currently, the IMF is asking the banks of Zimbabwe to remove their currency rate restrictions, so they can accelerate their foreign currency reform market.
© Goldilocks
https://www.herald.co.zw/imf-implores-zim-to-pace-up-forex-reforms/
The European Union confirms its desire to contribute to the development road project, 28 OCT
The European Union confirms its desire to contribute to the development road project
Prime Minister, Mr. Muhammad Shiaa Al-Sudani, receives the European Union Ambassador to Iraq
Prime Minister, Mr. Muhammad Shiaa Al-Sudani, received, today, Saturday, the European Union Ambassador to Iraq, Mr. Thomas Seiler. During the meeting, bilateral relations between Iraq and the European Union were reviewed, and ways to strengthen them in a way that achieves mutual interest, as well as the recent developments in the region, especially the continued attacks on the Palestinian people in besieged Gaza.
Mr. Al-Sudani reiterated Iraq's clear and principled position calling for the international community and European Union countries to take responsible steps that lead to stopping the aggression, bombing, and targeting of civilians, opening safe corridors to deliver aid to Gaza, and relieving the Palestinian people from the tragic conditions they are experiencing.
His Excellency also stated Iraq's desire to advance distinguished relations with the European Union and expand serious partnership in various development and economic sectors. For his part, the European Ambassador indicated that relations between Iraq and Europe witnessed clear growth during the first year of Mr. Sudanese government. He also stressed the desire of the various European parties to contribute to the development road project.
Ambassador Siler stated that the European Union missions continue to work and cooperate with Iraq, at the highest levels, stressing the European Union’s position on developments in the Palestinian issue, working to achieve an immediate ceasefire, applying international law and opening humanitarian corridors for the passage of relief convoys.
Prime Minister’s Media Office October 28, 2023 link
"RV UPDATE" BY MILITIAMAN, 28 OCT
Militia Man
A lot of different things that go on behind the scenes that your average person has no idea that it's even going on. They're just looking for what we all are to some degree - When's it going to go, when's it going to happen. But it's a complex process and the awesome thing about it is what we're seeing in public and behind the scenes is showing it's coming. It's coming fast. It's coming furious. It's good.
ARTICLE 140 IS STILL OUTSIDE THE CIRCLE OF POLITICAL CONSENSUS BY MNT GOAT, 28 OCT
THE SITUATION IS GETTING WORSE… ARTICLE 140 IS STILL OUTSIDE THE CIRCLE OF POLITICAL CONSENSUS
A member of the Committee of Regions and Unorganized Governorates in the Parliamentary Region, Jawad Al-Yassari, stressed today, Wednesday, the necessity of creating a political consensus within the House of Representatives and the government, in order to implement Article 140 of the Iraqi Constitution. Al-Yasari said, in an exclusive interview with Al-Mutala’ Agency, that “the failure to implement Article 140 and end the problems between Baghdad and the region, and even the intertwined borders between the governorates, is due to the lack of political consensus, within the House of Representatives, and also between the governments of the center and the region.”
He added, “Failing to implement this article will make the situation worse. Therefore, the parties must agree and reach effective solutions to implement it,” noting that “relying on this article and not considering it is a violation of the constitution and the law.”
A member of the Parliamentary Regions and Governorates Committee confirmed that Article 140 “is not subject to or concerned with one governorate, but rather with all governorates and regions whose lands were usurped by the former regime, and that this article was established in the constitution to address those violations before 2003.”
(All you idiot intel gurus out here suck up to this one! Once again Mnt Goat is correct and Article 140 is NOT yet implemented and must be implemented to full fill the constitutional requirements. So please stop telling your listeners its all done and they are hiding it being done. For what reason they would do this mystifies me…lol..lol..lol 😊. Just more stupid guru talk.)
https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/Jordan announces the entry of Iraqi oil tankers from the Trebil crossing after stopping for days due to demonstrations, 28 OCT
Jordan announces the entry of Iraqi oil tankers from the Trebil crossing after stopping for days due to demonstrations
The tanks stopped from entering Jordan and had to return to Anbar Governorate. They were traveling from Kirkuk Governorate and were on their way to the Jordanian oil refinery in Zarqa. This was part of the regular transit movement that had been agreed upon between Iraq and Jordan.
The passage of tankers has been disrupted due to Iraqi demonstrators closing the Trebil crossing. As a result, the last batch of October’s fuel quantities could not cross into Jordan and return to the Iraqi Rutba region, which is about 161 kilometers away from the crossing. This was done at the request of Jordan to ensure the safety of the drivers.
According to Nael Al-Dhiabat, the Director General of the Jordanian company responsible for transporting oil tankers from Iraq to Jordan, the agreed-upon quantities of petroleum derivatives arrived in Jordan without delay.
In a recent statement to the press, Al-Dhiabat explained that their agreement with the Jordanian government requires them to supply approximately 450,000 barrels per month, which averages out to 15,000 barrels per day. The frequency of tank crossings isn’t determined by a set number, as the tanks depart from Kirkuk and may reach Jordanian territory on the same day or the following day.
Al-Dhiabat estimated the distance traveled by the tanks to be around 1,600 kilometers between the starting and arrival points.
It is unclear why tankers have been prevented from passing, as no official statements have been released. According to Reuters, Iraqi protestors, outraged by Israeli attacks on Gaza, have blocked oil trucks from crossing into Jordan. They have also stated that they will not allow the export of Iraqi oil to countries that have signed agreements with Israel in the name of peace.
For the past week, hundreds of people have been participating in a sit-in at Iraq’s main border crossing with Jordan. The purpose of this demonstration is to show solidarity with the people of Gaza and to demand an end to the Israeli bombing and siege of the Strip. The leader of the Sadrist movement, Muqtada al-Sadr, called on the Iraqi and Arab people to march towards the border with Gaza to lift the siege on the Strip, which has been under bombardment for 22 days.
The Jordanian Ministry of Energy and Mineral Resources released a statement last Wednesday, confirming that Iraq is dedicated to honoring the memorandum of understanding signed between the two countries regarding the supply of oil to Jordan. The report also mentioned that there are ongoing efforts to monitor the safety of the tanks and drivers involved in the process.
According to the statement, Iraq’s oil imports account for only 7-10% of Saudi Arabia’s crude oil and petroleum product needs. This means that there is no impact on the supply of crude oil and petroleum products, as there are significant contracts between the Jordanian Petroleum Refinery and Aramco, which is responsible for importing most of Saudi Arabia’s crude oil needs.
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