Iraq and Iran are discussing using their currencies in trade and financial transfers, 31 OCT

  Iraq and Iran are discussing using their currencies in trade and financial transfers

Today, Tuesday, Prime Minister Muhammad Shiaa Al-Sudani received the Minister of Industry, Mines and Trade of the Islamic Republic of Iran, Abbas Aliabadi, and discussed economic relations between the two countries, and ways to enhance them and strengthen exchange and partnership at various levels and fields.

Payne stated to the Prime Minister's Office, a copy of which {Al-Furat News} received, that Al-Sudani indicated during the meeting "Iraq's readiness to open horizons for bilateral cooperation in the field of petrochemical and fertilizer industries, because of their strong impact in promoting internal development."

For his part, the Iranian Minister conveyed the greetings of the President of the Islamic Republic of Iran, Ebrahim Raisi, and his emphasis on the necessity of proceeding with fruitful economic integration projects, in the face of the economic challenges witnessed by the region and the world.

The meeting also witnessed discussion of the possibility of moving towards using the national currencies of the two countries in trade exchange and bilateral financial transfers, in order to have more flexibility in dealing, for the benefit of the two countries.   link

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"RV UPDATE" BY FRANK26 , 31 OCT

Frank26 

 Article:  "Al-Shammari: No US sanctions on Iraq and negotiations with Iran to create a platform for currencies other than the dollar"  THIS IS POWERFUL MONETARY REFORM EDUCATION... IRAQ IS SANCTION FREE TO DO BUSINESS WITH EVERYONE FROM THE USA EVEN UP TO IRAN. (Al-SHAMMARI is Advisor to the Prime Minister)

 THE ONLY IMPORTANT PEOPLE TO LISTEN TO IS SUDANI & ALAQ...Understand the process of the monetary reform...Understand where the CBI is at.  And where they're at right now is the introduction of the exchange rate of the Iraqi dinar with stability...

 Article: " Iraq is working to join the World Trade Organization (WTO)"  Quote: "To review the steps taken by Iraq and the Ministry of Trade to complete the technical files that must be submitted to the organization during the coming period, which will be sent by the organization’s secretariat and the accession department to member states in preparation for holding the next negotiating rounds."   FULL MEMBERSHIP... FULL THROTTLE ON THE MONETARY REFORM!

Question "When everything happens and the exchange rate has been announced, do we have to exchange everything we have at once or can we do it incrementally?" 

That is a personal decision You must decide how much you want to hold and how much you want to fold and when you want to hold it and when you want to fold it.

The Ministry of Oil confirmed, today, Tuesday, that the government is proceeding with the approval of the oil and gas law, 31 OCT

  The Ministry of Oil confirmed, today, Tuesday, that the government is proceeding with the approval of the oil and gas law, while indicating that its approval is subject to consensus.

 The ministry’s spokesman, Asim Jihad, told the Iraqi News Agency (INA): “The ministry prepared the oil and gas law and submitted it to the government, and this law was discussed by the concerned authorities and the team formed by the regional government,” stressing that “the government is committed to approving this law.” Within the current government session, and it is also within the government curriculum.”

He added, "The oil and gas law aims to manage the process of oil wealth in Iraq and achieve fair distribution, and thus achieve optimal investment of national wealth and support economic and sustainable development, as well as support the Iraqi state treasury. Therefore, the government and the ministry are continuing to approve this law."

He explained, "The government has granted a wide space for dialogue regarding the oil and gas law, and the ministry and the government hope that it will be approved," adding, "All points of view are respected, and we must put the national interest above all considerations."

 He pointed out, "There were several dialogues that took place between the concerned authorities, but as far as the ministry was concerned, it drafted the law and made the necessary amendments, in a way that serves the public interest. It remains for the government to submit the draft law after agreeing on it to the House of Representatives for approval."

He pointed out, "The oil and gas law needs consensus to be approved, as the ministry drafted the law and met with the concerned parties. As for the consensual or political aspect, that remains with the concerned parties."   LINK

Democratic Party: Oil and gas law proposals are still under study, 31 OCT

 Democratic Party: Oil and gas law proposals are still under study

The Kurdistan Democratic Party representative, Sharif Suleiman, confirmed that the oil and gas law is still being studied by a mini-governmental committee, which is reviewing proposals from the provinces, political parties, and the Kurdistan Region.

Suleiman mentioned that the oil and gas law is currently being reviewed by a government committee. The governorates have presented their opinions and suggestions regarding the law, and the committee is considering them. In addition, the Kurdistan region has also submitted a proposed law to the committee for their consideration.

During a recent meeting, he mentioned that the State Administration Coalition has put forward five proposals for the oil and gas law. A small committee has been formed to study these proposals and work towards finding a consensus and agreement between the parties that submitted them, despite the lack of agreement on a specific proposal at present.

According to him, the current parliamentary term will not see any resolution of the oil and gas law. Instead, the matter will be postponed until the next legislative term. He emphasized that the law is of utmost importance to Iraq and all its provinces and regions. The law grants each province its entitlements from oil and gas.

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Member Of Parliamentary Finance: Great Reluctance In Budget Decisions And Agreements On The Part Of The Region, 31 OCT

 Member Of Parliamentary Finance: Great Reluctance In Budget Decisions And Agreements On The Part Of The Region

Time: 10/30/2023 12:28:07 Read: 1,339 times   {Economic: Al-Furat News} The Parliamentary Finance Committee clarified, today, Monday, that budget decisions and political agreements are witnessing great reluctance on the part of the Kurdistan region.

Ali Mu'nis, a member of the Parliamentary Finance Committee, told Al-Furat News Agency: “With regard to the delay in releasing financial amounts to the Kurdistan region, because the money file between the governments of the center and the region often arises after approving the budget, there is a dispute regarding the financing of the region’s salaries by the central government.”

He added: "There are obligations under budget decisions and political agreements, as some of these obligations are fulfilled by the regional government towards the central government in terms of oil export dues and the fulfillment of these obligations, which is witnessing great reluctance on the part of the region."   LINK