Thursday, November 2, 2023
"RV UPDATE" BY MARKZ, 2 NOV
MarkZ
[via PDK] Comment: I heard Iraq is applying to the WTO today [11-1-23]. Presumably meeting over the next 3 days. MarkZ: They have already applied…they have already been approved for ascension…but, it hasn’t happened…so these 3 days of meetings are very important. Question: Don’t they have to change the rate before Iraq joins the WTO? MarkZ: That’s what everyone says. This is assumed by almost everybody that Iraq will need to change their rate before they join the World Trade Organization...
I finally got some chatter from Iraqi contacts today and they did say that things went very well over the weekend (WTO meetings?) and they expect an announcement in the coming days. I got this from a number of sources- both internationally and domestic.Parliamentarian: We Need More Time To Pass The Oil And Gas Law, 2 NOV
Parliamentarian: We Need More Time To Pass The Oil And Gas Law
Information / Baghdad.. Kurdistan Democratic Party MP Sharif Suleiman confirmed on Thursday that Parliament will need a lot of time and discussions to mature the oil and gas law in a way that serves all governorates and is consistent with the constitution.
Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..
Suleiman told Al-Maalouma, “Resolving the oil and gas law is not limited only between the center and the region, but rather it concerns Iraq in general, as the region hopes to speed up the approval of this important law for everyone.”
He added, "The oil and gas law must be enacted in accordance with the constitution and the entitlements of each governorate, without any violation of the applicable law and constitution, in order to guarantee the entitlement of each governorate with regard to natural resources."
He stated that "the aforementioned law, due to its great importance, will witness many discussions and sufficient time within Parliament in order to mature the law in a way that serves everyone, before proceeding with its legislation, especially since the political document has confirmed the legislation of this law." LINK
Parliamentary Finance Warns Of “Very Negative Repercussions” As The Dollar Continues To Rise, 2 NOV
Parliamentary Finance Warns Of “Very Negative Repercussions” As The Dollar Continues To Rise
Time: 11/02/2023 Read: 169 times {Local: Al-Furat News} Baghdad Governorate is working with the Ministry of Education to end the issue of caravan schools, by providing the necessary lands to establish new schools on them, stressing the capital’s need for 1,000 schools in the center and peripheries.
Ali Jabbar Mu'nis told Al-Furat News Agency, "The issue of rising parallel exchange rates has become exhausting for the Iraqi street and is a factor of weakness for the government."
He added, "If the government is unable to address this issue, it will have a negative impact on its performance, especially since the difference between the official and parallel prices is large."
Mu'nis pointed out, "The government deals at the official price of 1,320 dinars, while its price in the parallel market is much higher. There must be a deal and agreement with the US Federal Bank and address this matter because its repercussions are very negative."
Advisor to the Prime Minister, Fadi Al-Shammari, revealed that Prime Minister Muhammad Shiaa Al-Sudani will soon announce a new banking service for small merchants that will lead to a decrease in the exchange rate and facilitate their work procedures.
Al-Shammari said in a televised statement, “Those who manipulate the dollar are speculators, and the government provides the dollar through official platforms, and the government is not subject to blackmail by speculators who seek profit at the expense of citizens.” From.. Raghad Dahham LINK
Coffee with MarkZ. 11/02/2023
Washington's Federal Cloak Controls Baghdad.. Will Iraq Join The BRICS Group?, 2 NOV
Washington's Federal Cloak Controls Baghdad.. Will Iraq Join The BRICS Group?
Posted On2023-11-02 By Sotaliraq When Prime Minister Muhammad Shiaa Al-Sudani expressed, earlier, Iraq’s readiness to join the BRICS group if it received an official invitation to do so, will Baghdad be able to escape from Washington’s federal “cloak” and launch diplomatic efforts to join it?
The BRICS group includes China, India, Russia, Brazil, and South Africa. The first four countries are among the fastest growing economies. They seek to get rid of Western hegemony and the control of the dollar, and encourage dealing in local currencies in commercial exchanges.
As of next year 2024, Saudi Arabia, the Emirates, Egypt, and Argentina will be accepted for membership. , Ethiopia, Iran, and the writer and political analyst, Omar Al-Nasser, said in an interview with (Al-Mada), “The situation in Iraq is very different and cannot be compared with those countries that have full sovereignty, so it cannot join the BRICS group so easily.”
Management and planning
He adds, “International factors and the threads of regional extensions that exist deep inside Iraq are still affecting the political decision in light of the lack of cohesion, harmony, and long-term strategic alliances between the political forces holding power, in addition to poor management and planning, weak foreign policy, and the lack of access to positions for those with experience.” That achieves qualitative goals.”
Washington's "cloak"
Al-Nasser continues his speech, via (Al-Mada), that “the strategic framework agreement with the United States, the Iraqi oil money remaining within the US Federal Reserve, the lack of alternative strategies that achieve the policy of filling the vacuum for oil money, and Washington’s vision of not withdrawing its hand from Iraq will prevent a lot of it from joining the BRICS group in the long term.” “In the near future, especially since there is a common international vision that Iraq must be a completely stable country in a region full of disputes and political conflicts.”
Beijing’s “weapon.”
For his part, the specialist in financial and banking affairs, Mustafa Hantoush, said in an interview with (Al Mada), “The BRICS group is a group of economically developing countries, and there are 22 countries that have applied to join, in addition to 40 countries interested in doing so.”
He adds, “BRICS is a weapon under the hand of China, and the intention of this group is to create an economic currency among member states in trade exchanges.”
Hantoush explains, “All the countries joining it are unable to pump money, create a currency, or manage global trade.” LINK
Economist: Government Should Exploit Rising Oil Prices And Implement Sound Financial Management, 24 NOV
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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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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...