Experts Call For Changing Some Economic Laws, 9 NOV

Experts Call For Changing Some Economic Laws

Iraq  11/09/2023    Baghdad: Muhannad Abdel Wahab  The opinions of economic experts varied regarding Iraq’s need to change or amend a number of economic laws, including the law of the Central Bank, Securities and Investment Authority, while they called for dividing the budget law into three investment budgets and others for the Investment Authority and the Central Bank to support loans.

The economic expert, Mustafa Hantoush, said in an interview with “Al-Sabah”: The Iraqi economic reality needs to amend some of the laws that work to restore its economic growth in accordance with the development that the world is witnessing, as they need to be reformulated or amended to their paragraphs, noting that the laws that need to be amended

They are Central Bank Law No. 56 of 2004, Banks No. 4 of 2004, Securities Commission No. 72 of 2004, Investment No. 50 of 2015, Tax Law No. 113 of 1982 amended for the year 2004, and Companies Law No. 21 of 1999 amended for the year 2019. He explained

. These laws have a number of problems and do not help direct the Iraqi economy or manage banking operations or state funds correctly, stressing that we need to activate investment in another way and with a greater flow. Even the budget law needs to be divided and made into three budgets, one for investment and another for the Investment Authority and the Central Bank and to support Loans.

In this context, economic expert Hazem Hadi pointed out, in an interview with Al-Sabah, that the Iraqi economic system has a number of distortions, especially since it is burdened by widespread unemployment, deteriorating services, and others, warning that all of these factors, unless they are addressed, cannot improve the economy. The Iraqi.

He pointed out that the solutions lie in changing a number of laws, including the Central Bank Law, which must take its role in controlling the foreign currency in a positive manner and not leave matters to the currency auction, adding that Iraq since 2003 has not witnessed an import plan or approach for what the country needs, and it must Be clear to those working in the industrial and commercial sector and their import needs.   Edited by: Adhraa Juma   https://alsabaah.iq/87002-.html

The Dollar Deepens The Wounds And Hits The Economy. Smuggling To Jordan, The Emirates, And Iraq Pays The Price, 9 NOV

 The Dollar Deepens The Wounds And Hits The Economy. Smuggling To Jordan, The Emirates, And Iraq Pays The Price

Information/Baghdad..   Iraq continues to pay the trade bill of merchants and smugglers to Jordan, Turkey, and the Emirates, reaching record numbers, exceeding the reasonable price, while demands are mounting to end the control of Jordan and its banks over the Iraqi currency auction in the Central Bank of Iraq.   Representative Youssef Al-Kalabi said in a post on the “X” platform, “The Iraqi judiciary is investigating the director general responsible for transfers and credits at the Central Bank on suspicions of corruption and causing manipulation of dollar prices and other serious issues.”

He added, "This person enabled the National Bank, known as (the Jordan Bank), to acquire two billion dollars a month."

Al-Halbousi Ignores Calls For Reform

In addition, independent MP Hadi Al-Salami accused the Parliament Presidency of ignoring the representatives’ calls to host the Prime Minister and the Governor of the Central Bank to discuss the dollar crisis.

Al-Salami said in an interview with the Maalouma Agency, “The Presidency of Parliament did not deal with the issue of the dollar exchange rate,” pointing out that “there is continuous follow-up by members of the House of Representatives regarding the real and parallel exchange rates.”

He added, "The dollar crisis is still casting a shadow over the economic scene in light of warnings about the decline in the value of the Iraqi dinar."

He pointed out that "the dollar is continuing to gradually increase and it is possible that it will exceed 170 thousand dinars in the absence of new deliberate steps to control this matter."

Al-Salami pointed out, “The Presidency of Parliament ignored our calls to host the Prime Minister and the Governor of the Central Bank to discuss the dollar crisis.”

Independent MP Basem Ngheimesh Al-Gharibawi had confirmed that the Presidency of Parliament had not responded to demands to hold an investment session to discuss the dollar crisis and its instability in the markets.

Shy Steps

In a shy step, the Central Bank announced the resumption of the sale of gold bullion and coins via an electronic platform in order to reduce demand for the dollar.

A statement from the Central Bank, received by the Maalouma Agency, stated that it “decided to sell gold bullion and coins via an electronic platform, starting tomorrow, Wednesday.”

He pointed out, "Governmental and private banks can apply to buy gold bullion and coins via (an electronic platform designated for this purpose)," indicating that "their sale will be in accordance with the instructions and controls issued by the Central Bank of Iraq."

 The Dollar Is Beyond Reasonable

Dollar prices rose significantly in Baghdad and in Erbil, the capital of the Kurdistan Region, with the closure.

The Maaloma Agency correspondent said that dollar prices rose with the closure of the Al-Kifah and Al-Harithiya stock exchanges, recording 166,800 dinars against 100 dollars.    LINK

Coffee with MarkZ. 11/09/2023

JUDY NOTES, 9 NOV

 Global Currency Reset:

• Wed. 8 Nov. 12 Noon EST Wells Fargo Bank received the Cash Release Codes and announced “OK. Get ready. The rescue of Financial Instruments Has Just Begun”: The launch of the Global Fund has just taken place in all parts of the world, marking the beginning of the Global Asset Redemption Program officially launched an hour ago (9 am EST on Wed. 8 Nov.). This is fantastic news for all beneficiaries. Tens of thousands of transactions around the world can now start paying. It’s Time. May God Bless Us All.
• Wed. 8 Nov. MarkZ: “I’m told to expect it Friday – if not before…with an announcement coming out of Iraq. …I know a number of group leaders have been traveling for this thing…but, they are not giving me any specifics. They have been cracked down on what they can say and NDA’s. They have been leaned on hard to not leak the timing of this Event. To me this means timing is “sooner” rather than later.”
• Wed. 8 Nov. Wolverine: GESARA World Cable activated. Will be announced between today and tomorrow (Thurs. 9 Nov.).
• Wed. 8 Nov. TNT: All sources are being told we should see a new Dinar Rate on Friday evening 10 Nov. or Saturday morning 11 Nov. The guaranteed back wall was by Monday 13 Nov.

• Recent GCR History:

  • Overnight Sun. 15 Oct. the Banks completed the remaining layers of payments, plus the IMF and World Bank held their last meeting.
  • By Mon. 16 Oct. the Iraqi Dinar had revalued and began trading on the back screens of the Forex.
  • Fri. 27 Oct. Alex Collier: “The Dinar went international on Fri. 27 Oct. and on that same Friday they began pulling 3,600 US troops out of Iraq so Iraq could declare Iraq a Sovereign Nation.
  • Around Mon. 30 Oct. the country of Columbia revalued their currency – so now we have at least two countries – Iraq and Columbia – which have revalued their currencies, perhaps more.
  • Oct. 31 All Hallows Eve Middle Eastern nations no longer accepting the fiat Petro US Dollar for oil trade, was expected to soon cause a devastating Stock Market Crash – bringing in the need for a Global Currency Reset.
  • Wed. 1 Nov. Kurdistan: The Kurdistan Regional Government (KRG) has announced its decision to exclusively adopt the Iraqi Dinar for all transactions at border crossings and airports, effective on Wed. 1 Nov.  https://shafaq.com/en/Kurdistan/KRG-adopts-Iraqi-Dinar-for-border-transactions
  • On Thurs. 2 Nov. Donald Trump posted “It’s Time” and stated that the biggest event we will have in this country will happen this month of November 2023.
  • Fri. 3 Nov. 10:42 am: Dubai International Financial Center gave Greenlight for XRP. On that same Fri. 3 Nov. the House Financial Services Committeepassed a bill to prevent the Federal Reserve from creating a Central Bank digital currency. QFS NEWS: All Banks are Transitioning Over Into the QFS – Start Getting Hold of the ISO 20022 XLM and XRP – 7 Billion People Will Inevitably Transition to the QFS – American Media Group (amg-news.com)
  • Sat. 4 Nov. NESARA/GESARA activated. The US was no longer under the privately owned by foreign entities US Inc. Corporation. The Federal Reserve and IRS will be eliminated (to be replaced with a Flat Tax of 14% on new items bought only – no tax on food or medicine). The US was now under the Restored Republic designed after the Republic of 1873. Also as of Sat. 4 Nov. Gold backed countries (BRICS) were paying with their own currency for trading. This will greatly affect the value of the already fiat US Dollar.
  • According to Dr. Charlie Ward (who was head of the worldwide banks for the Global Currency Reset), on Saturday night at midnight (4 Nov. 2023) the new gold/asset-backed US Note went live.
  • According to Phil Godlewski NESARA was also activated early Sunday morning 5 Nov. 2023.

  Wed. 8 Nov. Q & A With Charlie Ward, Paul Broker:https://beforeitsnews.com/alternative/2023/11/charlie-ward-dont-panic-info-packed-q-a-with-paul-brooker-video-3802302.html

  • On Sun. 5 Nov. NESARA/GESARA became public.
  • Banks are not safe. They are collapsing. There will be a week to a month or more when you may not have use of your money. Take your money out of the bank. Invest in gold and silver.
  • BRICS nations have been paying for goods with their gold/asset-backed currency and it has been a huge success. It will do away with the US Dollar.
  • 
    
  • https://dinarchronicles.com/2023/11/09/restored-republic-via-a-gcr-update-as-of-november-9-2023/

Iraq Central Bank - Dinar - Allows Foreign Currency Imports - Kills the ...by MILITIAMAN

America says it is following the resumption of Kurdistan oil exports and the draft oil and gas law , 9 NOV

 America says it is following the resumption of Kurdistan oil exports and the draft oil and gas law

The Ministry of Natural Resources in the Kurdistan Regional Government announced, on Tuesday, that an American diplomatic delegation confirmed that Washington is closely following the process of resuming oil exports through the region’s pipeline to Turkey and legislating the oil and gas law. 

A statement from the ministry, received by Shafaq News Agency, said that the Kurdistan Minister of Electricity and Natural Resources, Kamal Muhammad Salih, received today, Tuesday, the American Consul General in Erbil, Mark Straw, pointing out that the new American Consul expressed his pleasure to invest in the electricity, energy and oil sector.   

The statement indicated that the American consul confirmed regarding the issue of resuming oil exports (via the region’s pipeline to the Turkish port of Ceyhan) and the issuance of the draft federal oil and gas law that his country is closely following the process of resuming the region’s oil exports, indicating that Washington knows that suspending exports has negative effects on the region’s oil exports. Revenues of the region and its public sector. 

Straw added, according to the statement, that addressing the revenue problem and approving the oil and gas law are among the priorities of his country's policy and programs. 

The statement indicated that Minister Saleh expressed his thanks for America's role in giving importance to efforts to resume the region's oil exports, follow up on addressing oil and gas problems, expand investment, and approve the federal oil and gas law with the participation of the Kurdistan Region.   LINK

"Q & A " BY MNT GOAT, 9 NOV

 MNT GOAT

Q & A: 

Question From Roger: I ccannot really understand why CBI now considers to delay the reinstatement of the dinar. Iraq now enjoys security and stability like never before. Iraq now have a golden opportunity to release the new small category notes due to the stability in the country. Why is CBI so worried about a war far away that has nothing to do with Iraq? It seems that they want to find an excuse so that they dont have to raise the value of the dinar. Maybe corruption still lingers in CBI? There is a war on in Gaza – ground troops have invaded the Gaza strip – but this does not concern Iraq. Why must every duck be in a row in order to release the new small category notes? It seems that Iraq now wait for an escalation of the war so that they dont have to go international at all. If Iraq does not raise the value of the dinar very soon – they will go down the abyss and the world will reject Iraq and heavy sanctions will be imposed so that they cannto go international for 20 years. Is this the future they want. PM Sudani braggs every week that the dinar will soon be the strongest currency in the world and the pillar of middle east.

Answer Mnt Goat: Hello Roger, thanks for the question. First I need to add that PM Al-Sudani never PM Sudani bragged every week that the dinar will soon be the strongest currency in the world and the pillar of middle east. What he did say is the “dinar is stronger than the dollar”. His statement is true and yes it is. If you have been reading my blog all along I have shown you since last October even that the CBI announced that they would be handling the dollar differently beginning in January 2023. And so they began the de-dollarization process at that time and it has been ongoing since. Then in articles just recently they told us this project should have taken 6 years but they are trying to do it in a year. So, when is a year over? It is over in January 2024. Then what happens? They announced also that in January 2024 they will no longer be dealing in dollars in their country. Now to tell you the truth I am not certain but to me this article told us that they will no longer be getting the huge shipments of dollars from the US Treasury flown over to Iraq from the US mint. Will they still need some dollars? Sure they will still need some dollars but they no longer plan to support the currency auctions with dollars or send them to the banks to pay for imports. The “warning” has been given. Knowing all this what do you think is their next step?

I must also add that my contact in the CBI is telling me it is not Iraq that is holding back the redenomination or the reinstatement. It is the US Treasury. The CBI already has agreements with the World Bank and the IMF to go ahead but the US Treasury for their so-called “security reasons” keep holding it back. Yes, I totally agree this is the best time to do it and so does the CBI. What is nice to see, though, is the CBI and the GOI on the same page and both working together to get it done. Also, I want to add there is also corruption from the US and I have gone through all this with my readers already on the change that Obama made when he was president to the criteria from the Bush administration.

Please let’s keep praying for peace and to end the corruption but also importantly to bring those involved to justice or there will never be peace. This has been part of the problem all along. No one ever seems to go to jail unless you buck the system and honestly expose their corruption and are a threat to them. Yes, the wrong people are being targeted and set up with lies. But this is what happens when you control the FBI, NSA, CIA and the Justice system and have all the power.

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