Iraqi Prime Minister Meets Senior Scholar: A Closer Look at Iraq and Iran’s Politics, 14 NOV

Iraqi Prime Minister Meets Senior Scholar: A Closer Look at Iraq and Iran’s Politics

Political Developments in Iraq and Iran

The meeting between the Prime Minister of Iraq, Mohammed Shia’ Al-Sudani, and the senior scholar of the Iraqi Fiqh Assembly, Sheikh Ahmad Hassan Al-Taha, marks an important touchpoint in the political and religious landscape of Iraq. Given the absence of detailed information, it’s plausible to conjecture that the discussions might have revolved around religious and political matters, reflecting the deep-rooted intertwining of these realms in the Iraqi context.

International Relations and Geopolitical Dynamics

The visit of Iranian President Ebrahim Raisi to Tajikistan and the subsequent agreements signed encapsulate the evolving nature of Iran’s foreign policy. The historical context of strained relations between Iran and Tajikistan underscores the complexities of diplomatic relations in the region, marked by cycles of tension and reconciliation. The call by British lawmakers to label Iran’s Revolutionary Guards Corps (IRGC) as a terrorist organization reflects the broader geopolitical dynamics involving Iran and Western countries.

Social and Human Rights Issues

The content also sheds light on social and human rights issues within Iran, including the challenges faced by journalists, activists, and educators. The crackdown on dissent, imprisonment of journalists, and repression of civil society activists underscore the broader human rights concerns in Iran. Furthermore, the case of a Norwegian citizen of Iranian origin being charged with terrorism in connection with a deadly shooting in Oslo highlights the global repercussions of security threats linked to individuals with connections to Iran.

https://bnn.network/world/iraq/iraqi-prime-minister-meets-senior-scholar-a-closer-look-at-iraq-and-irans-politics/

RV/RI Target 11/13 - 11/14?💣WTO Almost Complete?🤔Iraq Dinar RV Updates |...

"RV UPDATE" BY CLARE, 13 NOV

 Clare 

 Article:  "A government source reveals the outcomes of the meeting between the Central Bank and the American side"  Quote:  "It was agreed to enhance the advance balance of five Iraqi banks in their accounts in dollars with Jordanian banks and transfers via (JP Morgan), noting that the problems related to the rejected transfers were resolved..."

Article:  "Intensive Iraqi-American meetings in the Emirates result in important decisions regarding external transfers of the dollar” 

 Quote: "The official Iraqi News Agency quoted a government source as saying that intensive meetings took place during the past few days in Abu Dhabi between a delegation from the Central Bank of Iraq and the American side responsible for foreign transfer operations to cover imports, 

indicating that the negotiations culminated in a number of decisions and mechanisms that contribute to facilitating procedures. Regarding external transfers related to imports through the foreign currency sales window."

Iraq Eases Restrictions on Foreign Transfers: A Deep Dive into the Implications, 14 nov

 Iraq Eases Restrictions on Foreign Transfers: A Deep Dive into the Implications

The recent agreements between the Central Bank of Iraq (CBI) and U.S. representatives mark a major milestone in easing restrictions on foreign transfers from Iraqi banks. The outcome of intensive meetings held in Abu Dhabi, these agreements are designed to streamline USD balances of Iraqi banks at Jordanian financial institutions, simplify transfers via JP Morgan, provide robust justifications for rejected transfers, and establish a UAE Dirham pilot at Iraqi banks. Final stage negotiations are also in progress to bolster balances of select Iraqi banks in euros at the UBAF bank, facilitating trade with the European Union.

Implications for Iraq’s Foreign Currency Exchange

However, the landscape in Iraq remains labyrinthine. The nation stands at a juncture, with the Coordination Framework necessitating hard choices. Political factions entangled in speculation and dollar smuggling operations face a stern blow as Iraqi authorities plan to prohibit external transactions in US currency starting January. This initiative, aimed at minimizing the circulation of physical dollars to forestall their use in dubious activities, follows concerns raised by the U.S. Federal Reserve over inconsistent efforts to stymie the use of physical US dollars and halt illicit flows to Iran.

Political and Economic Ramifications

The ban on external transactions in US currency could incite political forces to devise novel ways to circumvent these restrictions, potentially impacting the leadership of the Central Bank. Economically, the reduction in the circulation of physical dollars and the consequent ban will likely influence the Iraqi market, affecting trade and exchange rates.

Broader Geopolitical Context

In the backdrop of these developments, the wider geopolitical context in the region is worth noting. The ongoing tensions and conflicts, such as the situation in Gaza and the escalating tensions between Israel and Hezbollah, contribute to a complex and volatile environment. The recent flare-up in southern Lebanon, with Israel and Hezbollah exchanging fire, underscores the broader regional challenges that intersect with Iraq’s economic and political landscape.

The Role of the Central Bank of Iraq

The Central Bank of Iraq plays a pivotal role in these developments, managing the nation’s financial and monetary policies. The CBI’s efforts to ease restrictions on foreign transfers and navigate the challenges of foreign currency exchange are crucial for Iraq’s economic stability and its ability to engage in international trade. Simultaneously, the CBI also grapples with the impact of the ban on external transactions in US currency and potential attempts to evade these restrictions.

At the core of these developments lies the delicate balance between economic policies, geopolitical realities, and internal political dynamics. The decisions and agreements made by the CBI and U.S. representatives carry far-reaching implications for Iraq’s financial landscape. As Iraq stands at a crossroads, the path chosen will not only determine its economic future but also cast a long shadow over regional dynamics and geopolitical relationships.

https://bnn.network/world/iraq/iraq-eases-restrictions-on-foreign-transfers-a-deep-dive-into-the-implications/

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'...