Friday, November 3, 2023

Iraq’s al-Sudani Government, One Year Later, 3 NOV

Iraq’s al-Sudani Government, One Year Later, 3 NOV

It’s been an eventful year for Iraq, with mixed results. But on balance, the prime minister has navigated it with relative stability.

Last week marked one year since Iraq’s Prime Minister Mohammed Shia al-Sudani assumed office. His ascension to the role came after a year of deep political tensions, several alarming but contained episodes of violence, and no annual government budget. A political agreement among the Shia coalition known as the Coordination Framework and major Kurdish and Sunni Arab parties set the stage for the al-Sudani government to form — meanwhile, the biggest winner in the 2021 parliamentary elections, cleric and political leader Moqtada al-Sadr, decided to withdraw from the political process altogether.

USIP’s Sarhang Hamasaeed explains how al-Sudani has fared in Iraq’s fractured political environment, examines the status of the government’s ambitious economic and developmental agenda, and looks at how Iraq is currently navigating the developments in Gaza.

How has al-Sudani managed the tense and fractured political environment he inherited?

On balance, with a glass-half-full view, al-Sudani’s first year as prime minister can be viewed favorably. But one has to look beyond his performance to get a fuller view of the dynamics surrounding him and what they may mean for future stability in the country.

Even though he was relatively unknown to many both inside and outside Iraq before becoming prime minister, he’s gradually built an image for himself as a leader who is serious, pragmatic and willing to work with all sides — in short, someone you could do business with. In this, he is being met halfway by key interlocutors’ actions (or inaction).

After withdrawing from the political process, al-Sadr has not challenged the al-Sudani government as he had al-Sudani’s predecessors, although the situation in Gaza may change that.

And even though al-Sudani’s government could not meet their commitments on timelines for deliverables — such as passing a national oil and gas law and amending amnesty law — the interested political actors, the Kurds and Sunni Arabs, mostly held the lack of progress against the political coalition that brought al-Sudani to office rather than against the prime minister himself.

The Sunni Arabs, the Kurds and Iraq’s ethnic and religious minorities hope to address their issues through al-Sudani, rather than challenge him, as they fear the failure of his government could bring greater adverse consequences at the hand of actors that would push a more extreme political, security and economic agenda against them.

Iraqi youth — who have been at the forefront of several major protest movements in recent years — are more skeptical and cynical about al-Sudani, both in terms of meeting their aspirations and his ability to operate beyond the restrictions that his political coalition puts on him.

Iraq passed a three-year budget in June, which could give al-Sudani, his backing coalition and the country some budgetary continuity, predictability and stability going forward. However, it could also embolden certain political factions to feel they no longer need the Sunni Arabs and the Kurds since they already formed the government, passed the budget and ensured a degree of acceptability for the government domestically and externally.

This is where Iraq would risk going back to instability, especially if you overlay some other developments — such as the Federal Supreme Court invalidating a Kurdistan regional oil and gas law, and later the parliament of the Kurdistan Region itself. Additionally, pressure tactics on the speaker of the Council of Representatives have suggested he could lose his office. There lies a chronic Iraqi challenge — a positive agenda being undermined by narrow pursuits of power in different political circles.

Iraq has begun playing a larger role in the Middle East both diplomatically and economically. How has al-Sudani navigated regional tensions between Iran and Arab states?

Indeed, Iraq has played an important role in Iran-Saudi and other rapprochement efforts in the Middle East for a few years now. As prime minister, al-Sudani has continued on the path toward regional integration and collaborative engagement.

He has promoted what he calls “productive diplomacy,” meaning that he seeks economic and other interests beyond simply good relations. Even more, the al-Sudani government’s economic agenda connects domestic and foreign policy ambitions. They have leveraged the relative political stability and security of the current moment to pursue the “Development Road,” a project that promotes Iraq as a dry canal of ports, highways and railways that connect Asia to Europe — as ambitious and big a vision as other countries in the region.

Iraq has also signed contracts with General ElectricTotal EnergiesSiemens and others to improve energy production domestically while sharing a piece of the economic pie. The al-Sudani government’s support for financing the al-Muhandis company and connecting Iraq and Iran by rail might be seen as entrenching Iran’s interests and agenda — which are often viewed as malign by many of Iraq’s citizens, neighbors and western supporters. But another view might see the move as part of a pragmatic approach to portray Iraq as a web of mutually beneficial economic interests in the region.

In his first year, al-Sudani also had to work with Iran and the Kurdistan Region leadership to prevent further Iranian missile and drone attacks on Iranian opposition based in Iraq. Khor Mor gas field was attacked multiple times, with fingers pointing to Iran and its proxies attempting to hamper Kurdish and Iraqi aspirations to become a player in the global gas market.

Relations with Turkey is also a mix of working through difficult portfolios, including the expansion of Turkish military attacks inside Iraq against the Kurdistan Workers' Party, water issues, oil export via Ceyhan, trade and construction.

Furthermore, Iraq’s Federal Supreme Court ruling that a 2012 Iraq-Kuwait maritime agreement was unconstitutional raised alarms among gulf neighbors regarding Iraq’s commitment to its obligations.

How has the Israel-Hamas war played out in Iraq?

Historically, Iraq has been an active supporter of the Palestinians and has not recognized Israel. When al-Sadr originally pursued a majoritarian government after the 2021 elections, his political opponents — many of whom are now in the government coalition — suggested that al-Sadr was implementing a scheme backed by Israel and the United States. Al-Sadr responded by sponsoring and ensuring the passage of legislation that would criminalize normalization with Israel, which carried a penalty of capital punishment or life in prison. Given the past, it’s not surprising that Iraq has taken a strong and vocal stance in support of the Palestinians now, and the developments in Gaza have unleashed reactions on multiple fronts.

Al-Sudani participated in the Cairo Summit for Peace, expressed unwavering support for the Palestinians, denounced Israel’s actions in strong terms, called for a cease-fire and sent humanitarian assistance. He also spoke with President Joe BidenSecretary of State Antony Blinken and Secretary of Defense Lloyd Austin about the developments.

Meanwhile, armed groups attacked Iraqi military bases hosting U.S. military personnel in Anbar, Baghdad and Erbil provinces, causing injuries to U.S. service members and one fatality due to cardiac arrest. Similar attacks occurred on U.S. military targets in Syria. The United States believes Iran supported those attacks and conducted strikes in Syria in response. Members of the Popular Mobilization Forces blocked the transfer of Iraqi oil to Jordan as a form of economic pressure, given that Jordan has normalized relations with Israel.

Besides al-Sudani, a number of other prominent Iraqi figures have publicly weighed in on the situation. In a statement, Supreme Shia Cleric Grand Ayatollah Ali al-Sistani stressed the need to end the suffering of the Palestinians and support their rights, otherwise violence would not end.

Al-Sadr’s public posture has unfolded incrementally, starting with calls for prayers and solidarity with the Palestinians. This was followed up by calls for organized public protests in Iraq, which occurred, and for peaceful protest on the Lebanese side of the Israel-Lebanon border. Most recently, al-Sadr called on the al-Sudani government and the Council of Representatives to close the U.S. embassy — albeit without attacking diplomats. While al-Sadr’s position might be seen as a way to get payback on his political opponents and the United States for the pressure he faced in 2021, some Iraqi elected officials have taken up this call, and a letter calling for a special session to vote on the closure of the U.S. embassy has already gained signatures in the Council of Representatives.

These developments further complicate an already fraught situation for al-Sudani. Iraq and the United States have been trying to pursue a common agenda under al-Sudani’s government, and al-Sudani had been given a standing invitation to the White House — a visit that was generally expected to come before the end of the year, but whose timing now seems uncertain given unfolding events.

What’s the outlook for al-Sudani’s second year in office?

Looking ahead to the second year of al-Sudani’s term, he possesses the important ingredients to proceed with key economic, development and diplomatic agendas that would solidify his position, stabilize the government and bolster Iraq’s progress.

However, key tests are also on the way. The political impact of the Israel-Hamas war is still unfolding, and the attacks on U.S. military personnel have added another wrinkle to the situation, but al-Sudani publicly defended U.S. troops by stating they were in Iraq at the invitation of the Iraqi government.

The fight against corruption and illicit drugs, concerns about shrinking civic space and human rights, the return and reintegration of displaced Iraqis from places such as the al-Hol camp in Syria, and the impact of climate change will remain on the radar of Iraq’s various stakeholders. The outcome of provincial elections this December will be a major insight into the mood of the Iraqi people and will undoubtedly factor into al-Sadr’s next political move. Meanwhile, the stability of the economy and the value of the Iraqi dinar, political partners’ continued patience with the slow implementation of commitments, the actions of regional countries (primarily Iran), and the international community’s level of engagement will all help determine the course of the al-Sudani government’s second year in office and the trajectory of Iraq overall.

https://www.usip.org/publications/2023/11/iraqs-al-sudani-government-one-year-later 

"RV UPDATE" BY PIMPY, 3 NOV

 Pimpy 

 There's so many things happening...We got elections coming up here soon.  Al-Sudani has been taking many good steps to warrant an opportunity to be the Prime Minister once again but if he doesn't control that currency it'll destabilize the economy as well as the currency itself and this is not going to go over very well with the people of Iraq. 

 If he increases the value of the Iraqi dinar that gives the people of Iraq a little bit more purchasing power at the same time stabilizing the currency and hopefully closing the gap between the fixed exchange rate versus the parallel rate.  

 Two more months until the end of the year.  Is Iraq going be able to tough it out with this currency exchange rate for two months?    As long as the market doesn't get any more out of whack than it is, we'll see.  IMO they should do something with the exchange rate a little bit to help this situation.

Article:   "As othe beginning of next month, Kurdistan will adopt the Iraqi dinar in crossings and airport transactions

 This is what I was talking about - Steps towards straightening the Iraqi dinar...This is a major move.  This is awesome.  This is great for the Iraqi dinar.  This helps strengthen the Iraqi dinar..

Coffee with MarkZ and Mr. Cottrell. 11/03/2023

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Happy Friday everyone!

Member: Hoping something wonderful happens today!

Member: hey Matk …whats on your Radar and the Rumor Mill? 

MZ: Some interesting news coming out of the bond side. From a couple of bond sources……and I had another confirmation that Chinese Elders are upset with the bond process and they are going to go ahead and pay 1% of the bond payments in fiat right now.  Then they want the reset and pay the rest in gold/asset backed money. 

MZ: Originally (as I understand it) They were going to pay the fines and penalties in fiat…then RV ….then Reset….then pay the rest in gold backed money. All of this in about a 10 day period. 

MZ: I don’t know how this affects our timing or not. But, its good news to hear that they have done all their work on compliance on all the Historic bonds and are ready to issue payments. But that is the chatter I am hearing from the bond people who will talk. And there are not many that will talk. 

MZ: A number of group leaders that have been in place since last week think this is it.  . 

MZ: Bankers are really stoked and excited for this weekend.  

MZ: No news on CMKX….yet. It’s been very quiet. They still update fines and penalties twice a month. 

MZ: Pretty quiet in Iraq as of this morning. 

Member: Fridays are Iraq’s Holy days……usually are quieter. 

MZ: Just be sure to manage your expectations until we cross the finish line. 

MZ: This is a good one from the American Media Group: “The changing of the guard: 21 major countries are refusing to use the US dollar for oil transactions”  This is the deterioration and the death of the Petroddollar. 

MZ: “Exclusive: Swiss authorities –Banks mull new rules to prevent bankruns-Source”  This tells you where their concerns are right now. So if you want to take our your money from the banks…they will limit the amounts you can withdraw to prevent bank runs. Its obvious Swiss authorities think there is a high possibility of bank runs.  This is a big one to watch. 

Member: Thanks Mark and Mr.C…..Everyone have a great weekend. 


Mr. Cottrell joins the stream today. Please watch the replay for his opinions and information 

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Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics. 

Hoarded Money And Stimulating Depositors, 3 NOV

 Hoarded Money And Stimulating Depositors

 Economic 11/01/2023  Yasser Al-Metwally   Official estimates indicate that 85 percent of the issued monetary mass, amounting to more than 100 trillion dinars, is outside the banking system and is called money hoarded outside banks.

 This means that this huge amount of monetary mass is disabled from performing its role in development, and since the banks are the driving tool for the wheel of development through their credit (lending) policies, they are unable to perform this role for this reason. Therefore, you find our economy unable to advance due to the decline in the development performance of the banks..

Meanwhile, monetary policy is moving towards motivating the depositor public to deal with banks.

 The Central Bank’s latest circular last week urged banks to facilitate procedures and create incentives at attractive interest rates for the purpose of attracting depositors.

 What Is The Challenge Facing This Trend?

 The trust factor is the most difficult number and the basic indicator for the success of the process of attracting the public’s hoarded funds to deposit them in banks.

 Banks in all countries of the developed world are the primary engine of the economy through their role in implementing development through their lending policies that contribute to generating interest that accrues to depositors and bank owners with lucrative profits by investing money and making profits.

 They also contribute to the implementation of projects and thus contribute to the circulation of funds.

But the problem with Iraqi banks, in all frankness and transparency, is that they suffer from a loss of public confidence, which is a deep-rooted, inherited problem due to the actions of some banks due to the weakness of their management and the alienation of depositors from them.

 How Do We Restore Confidence In Light Of The New Trend?

 The public is looking for a guarantee (an insurance policy) in order to be encouraged to deposit their hoards, and  this requires facilitating deposits and withdrawals in an easy way without boring routine complications.

However, the poor banking behavior of some employees and the complexities of police-style instructions contribute to the public’s reluctance.< /span>

 (Insurance policy) means the body that officially guarantees the public’s deposits in the event of the collapse of a particular bank, and here comes the role of the Deposit Insurance Company, which was recently established for this purpose.

 Here I have an assessment of the Deposit Insurance Company, with all transparency and clarity, that its performance is weak, inactive, and unknown, and  it requires the formation of a regular and influential media unit to market its activity on an ongoing basis,

 and for the company to take the initiative to give guarantees to depositors by guaranteeing their money with a signed official paper distributed among all depositors in any bank, in light of which it bears responsibility. Legal information about deposit insurance, otherwise why was it established?

Thus, it can provide partial security that encourages the public to deposit in banks and gradually restore confidence.

The fluctuation of the dollar exchange rate cannot be overlooked in creating chaos and mistrust.

But we are talking about the national currency, which is still strong, and there is no problem in depositing and withdrawing it with the company’s guarantee.  https://alsabaah.iq/86507-.html

Exclusive Update Target for Iraqi Dinar Reinstatement | Secrets from the...

"STATUS OF THE RV" BY MNT GOAT, 3 NOV

STATUS OF THE RV

Welcome to November! 😊  Let’s see what this month will bring us.

No the IQD has not yet revalued to what we want and the newer lower denominations are not yet in the ATMs. The IQD is no yet trading on FOREX. I can assure you of these FACTS with 1000% accuracy. So, stop listening to all these clowns out there spreading unverified rumors.

There is not much new news to bring today. The government is watching very closely two sectors today. One is the war between the proxy Iranian Hamas fighters vs the Israeli army in the Gaza strip. An article in today’s news describes the possible impacts of this war on Iraq but not yet.  

Also in the news is yet more de-dollarization efforts as they convert the remaining of the border crossing stations all to “all dinars” only for custom fees. The Parliamentary Finance Committee renewed on Tuesday, its support for the Central Bank’s measures to control the exchange rate and address any obstacles. Remember in my last Newsletter dated 10/31 that we learned that the new government of Al-Sudani made promises in his administrations curriculum to bring back the dinar stronger than the dollar. Is this why he has openly in public stated the dinar is already stronger than the dollar? Well then….. where is it? As investors we wait for it.

We can see many events in-line with January 2024. I want to bring you up to date on my latest conversation with my CBI contact as of this past Wednesday, yesterday. It was told to me that the re-education campaign is still going forward but not yet rolled out as of yet. There is talk in the CBI it may be postponed due to the Gaza strip conflict, but no action or direction has been given to signify this as of yet. I think they, like us, are holding our breath and praying his conflict will be short-lived and not the beginning of the huge middle eastern drag our war engulfing many other countries.

I can tell you for a FACT the plan of the globalist deep state is to start a global war WWIII. But if we are diligent in our prayer, God will circumvent their plans and peace will come. So, just when we keep thinking it can’t get any worst look what happens. They perpetrate yet another crisis on us. Did this war surprise you. We knew something BIG was coming. So be prepared for yet another BIG surprise as the elections get closer in the U.S. Folks, remember these events don’t just happen. They have to be well planned out and financed.

Stop thinking that we are just victims. We all really have much more control over these bastards than we think but we must be strong, be united and not give in to them. We must support those politicians in the government who want to clean up this corruption we are seeing exposed. This has been going on too long already with puppet presidents being placed in power for decades already to accept the globalist ideology and perpetrate it on us with new rules and laws. They say they represent the people but how can you if you don’t even allow the people to know what is going on behind the schemes in these back-door, closed conference room meetings?

 Also we must remember as we have witnessed in the 2020 election that they are literally stealing our elections and this is how we get a gamut of crooked politicians like the squad, Fetterman, Katie Hobbs, Adam Schiff, Liz Cheney and many others. This is not about Democrats versus Republicans but rather good versus evil if we truly want to save our nation. WE can clearly see corruption and status quo from both sides of the isle.

We must use the power of in our government and with the help of GOD in our prayers we can overturn this corruption. Remember also what the prophets are telling us. They are saying that, as bad as it seems, just stay focused on God, and pray. Do not focus on FEAR of what might happen but rather what is today and what you want tomorrow.  

The Lord is telling us things will get much better as time progresses. Did you think these evil people in their plot to destroy America and the free-world are just going to lay down and let us expose them and bring them to justice? They too will fight to the very end to keep the corruption schemes, bribery money and corporate influence over our lives. They will fight until the noose is around their neck.  

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

THE BIG CALL, 3 NOV

 Thurs. 2 Nov. 2023 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#

Two different banks said the window for exchanges to start was from now to Tues. 7 Nov.

Notification to make exchange/ redemption appointments should come after 5 pm Fri. 3 Nov. to Tues. 7 Nov. mid morning.

Other sources said it should occur in the next couple of days.

Iraq may publish their new Dinar Rate in their Gazette next Sat. 4 Nov.

The Bank Rate is the same as the International Rate. If you want a higher rate make an appointment at a Redemption Center.