New negotiations between Baghdad and the region to pass the oil and gas law, 13 nov

 New negotiations between Baghdad and the region to pass the oil and gas law, 13 nov

On Sunday, Nermin Maarouf, the representative of the Patriotic Union of Kurdistan, announced that a new round of discussions between Baghdad and Erbil had begun to resolve their differences and establish long-term strategic agreements.

During an interview with [publication name], Marouf emphasized the importance of resolving salary disputes between Baghdad and the center and passing the oil and gas law.

According to her, the main reason for delaying the approval of the oil and gas law is the need for more consensus between the political blocs. She emphasized the need for the two parties to reach long-term strategic agreements to approve the oil and gas law.

She continued, “Despite progress made, the oil and gas issue and several other matters remain contentious between the involved parties. Nevertheless, we are optimistic and hope to reach final agreements soon.”

According to Sharif Suleiman, the representative of the Kurdistan Democratic Party, the oil and gas law is currently being reviewed by the government committee. He confirmed to “Al-Ma’louma” that a law proposal was submitted by the Kurdistan Region to the committee for consideration.

Pimpy is live 11/13/23 BY PIMPY

"RV UPDATE" BY MILITIAMAN, 13 NOV

 Militia Man  

Salaries, oil and gas, what do they need?  Salaries need an exchange rate.  Oil and gas need an exchange rate.  2023, 24, 25 budget need an exchange rate.  All the contracts for housing need an adjustment to the exchange rate to be able to finish those things...It's fairly cut and dry...what are they looking for?  They're looking for the exchange rate...It hasn't all happened yet.  Why?  Because it's obvious now.  We're waiting them four in on that pinpoint.  What is it?  There's only one item I think is left to do...

 Article quote:   "The CBI, the federal Reserve signed deals to ease Forex transfers from Iraq after intensive meetings in the UAE..." ...Key in on this one key word - Ease...They say the process is poised to kick off in the coming days.  They're in process of working to doing trade in globally acceptable international currencies ... Phenomenal stuff.

Iraq's assistance for ascension is a key indicator especially when they're talking about post ascension.  That is powerful because if they're talking about post ascension it gives you the heads up that the game's on - They're ready to finish it...

At the moment we're at 1310.  If you drop 3 zeros you have a number...The dinar at 1000...drop the 3 zeros, what are you at?  You're at 1 to 1.  That's the project to delete the zeros off the exchange rate.  Not the currency.  The exchange rate.

 The second workshop the UNCTAD will put on through 11-14 November 2023.   It is for Iraq's on going preparation for WTO accession... They are in it to the end now. They are in a place where they can have accession at anytime that the check boxes are checked...They are not waiting on any distant time frame. It is all a part of the process that they have to go through and the completion stage they are in...Just note, post assistance for Iraq and for after accession is a key indicator that they are in the completion phase.. 

Article quote:  "It's not possible to import the dollar and secure in the local market without registering the dinar in the basket of Arab and international currencies."  Bing!  Wow, what did they just say? ...That's like going back to where they were in the past, that 'previous era'...

A New Step May Fluctuate The Dollar Exchange Rates.. What Do Economists Think?, 13 NOV

 A New Step May Fluctuate The Dollar Exchange Rates.. What Do Economists Think?

 Posted 12 seconds ago    News source /newsroom  News source/ newsroom  Today, Sunday, the economic expert, Abdul Rahman Al-Mashhadani, explained the impact of the approval to enhance the dollar balance of 10 banks on exchange rates in local Iraqi markets, while explaining the repercussions of the decision.    

Al-Mashhadani said, in an interview with the Maalouma Agency, that  “visiting the balance of ten banks in dollars will be one of the factors that will reduce the pressure on the dinar.”

Because a portion of the financial transfers that pass through the electronic platform are rejected for some reason or without,” indicating that

“the past few days have witnessed the rejection of 80% of external transfers.”

 He added,   “The pressure will be eased on the dinar as well; Because the transfer transactions, or the transferees, instead of being audited by the US Federal Bank, will be audited by JP Morgan,” pointing out that “the latter’s scrutiny is more severe than the Federal Reserve Bank.” 

The economic expert explained,   “These banks have relationships, as partners, with international banks such as Al-Qantar National, Capital Bank, and the Kuwait Finance Bank, in addition to the Kuwait National,” noting that

“it is true that these banks are Iraqi, but the entry of the founding partners of these international banks, organized “To them.”  Al-Mashhadani stated,

 “The transfer mechanism will pass without the Central Bank of Iraq, especially after transfers were delayed by 8-20 days.

However, using this method, it is possible to pass financial transfers within a day or two.”

Earlier today, a government source revealed an Iraqi-American agreement to enhance the balance of 10 banks in dollars in light of the recent meetings of the Central Bank with the American side, five of which were through Citibank, and the other five through JP Morgan.

During the current period, the exchange rates of the dollar in the local markets are witnessing a significant increase, as the exchange rate of 100 dollars reached more than 164 thousand dinars, in light of large sales to the Central Bank of Iraq, on a daily basis.    https://iraqakhbar.com/4105470

Iraqi Dinar Strengthens Against US Dollar: Nears Exchange Rate of 81, 13 NOV

 Iraqi Dinar Strengthens Against US Dollar: Nears Exchange Rate of 81, 13 NOV

In a recent turn of events, the exchange rate of the Iraqi Dinar to the US Dollar is inching close to 81. This development marks a significant shift in the currency dynamics of one of the most oil-rich countries in the Middle East.

Currency Exchange: A Balancing Act

As the value of the Iraqi Dinar strengthens, the government is seen to be taking an active role in managing the exchange rate to stabilize the country’s economy. It’s a delicate act that requires a thorough grasp of global market trends and an understanding of the significant role currencies play in shaping a nation’s economic future.

Global Currency Market: A Constant Flux

The world of currency exchange is a complex ecosystem where rates fluctuate based on various global factors. The rising exchange rate of the Iraqi Dinar to the US Dollar is a testament to this flux. It’s not just about the Dinar and the Dollar. The Euro, too, is mentioned in the narrative, underscoring the interconnectedness of global currencies.

Interactive Platform: Engaging Stakeholders

The narrative also points towards the use of an interactive platform, urging individuals to comment, log in, and utilize various services. This feature is indicative of the growing trend towards digitization in financial services, fostering greater participation and transparency.

https://bnn.network/world/iraq/iraqi-dinar-strengthens-against-us-dollar-nears-exchange-rate-of-81/

Vietnam Dong update for 11/12/23 investors in and out BY PIMPY

"RV UPDATE" BY PIMPY, 13 NOV

 Pimpy 

 The news continues to get better and better.  Article:  "JP Morgan strengthens 5 Iraqi Banks"   Another article with really good news...It's exciting to hear this news.  I'm not going to get overly hyped.  I'm going to stay grounded but it is looking very very good. 

 We all agree that it appears Iraq is headed in the right direction.  That's always a good sign.

Articles that we spoke about pertaining to  the importing of foreign currencies is a great thing for Iraq but they need more than just that to move forward with increasing the Iraqi dinar.  Now, having said that, that is a great huge first step.  That isn't a small thing.  That's big.  The other things are making sure your government and economy are stable.   That is something within their grasp if they could just work together. 

 I believe the dinar is going to go up in value in such a way that it's going to create a bunch of millionaires.