Tuesday, December 5, 2023

Obstacles To Adopting The “Dinar-Toman” In Trade Exchange.. What Does Tehran Do With The Accumulated Dinars?, 5 DEC

 Obstacles To Adopting The “Dinar-Toman” In Trade Exchange.. What Does Tehran Do With The Accumulated Dinars?

 
Politics/Economy |Yesterday, 17:09 |Baghdad today – Baghdad  Many questions have been raised since the Central Bank and the Iraqi government announced that they had concluded agreements with a number of banks and other countries to deal in local currencies in commercial exchange, but the most prominent question raised is what will be done or how will other countries, especially those that export large sums of money to Iraq annually, benefit from the Iraqi currency, the dinar, Which is supposed to be paid by Iraq or merchants for the purpose of importing goods instead of the dollar.
The Central Bank of Iraq concluded agreements with banks in Turkey, the Emirates, and China for the purpose of dealing in the local currency instead of the dollar, as well as dealing with Iran in the binary (dinar-toman) for trade exchange,
 
but this problem will emerge clearly with countries with which trade exchange between Iraq is “non-existent or non-existent.” From one direction,” meaning that Iraq imports more from it than it exports to it, especially Iran and Turkey.
 
Economic expert Abdul Rahman Al-Mashhadani reviewed today, Sunday (December 3, 2023), the obstacles to adopting the national currencies of Iraq and Iran in trade exchange.
 
Al-Mashhadani said in an interview with "Baghdad Today",
 
"Iran exports to Iraq more than 10 billion dollars annually, while
 
Iraq exports to it only approximately 570 million dollars, meaning that
 
the latter's percentage in the exchange process reaches 5%, meaning that
 
trade between Baghdad and Tehran is unequal." In terms of import volume.  He added,
 
"The lack of parity will lead to the accumulation of the dinar among the Iranians, which is not a leading currency and faces many restrictions in the process of exchanging it, even in some neighboring countries, which means that the
 
Iranians will be forced to buy the dollar from the parallel market in Iraq through the financial liquidity they have because they need He is desperate to cover their needs for paying money in foreign transactions.”  He added,
 
"Even the Iranians are not in favor of the idea of proposing dealing according to the (dinar-toman) principle.
 
They are looking for any leading currency or one that has a large scope of dealing, as is happening now in the Emirates by adopting the dirham due to the parity of the trade process between Abu Dhabi and Tehran."  He pointed out that
 
"the problem between Baghdad and Tehran can be solved by agreeing to adopt an acceptable third currency that bypasses all complications,
 
in addition to the possibility of increasing the export of black oil in exchange for gas, which was approved months ago because Tehran urgently needs it to operate many of its factories, and
 
through an agreement, the private sector can be covered and accounts opened."
 
It addresses the principle of creating balance in trade exchange.
 
https://baghdadtoday.news/236928-معرقلات-اعتماد-دينار-تومان-في-التبادل-التجاري.-ماذا-تفعل-طهران-بالدنانير-المكدسة؟.html

Iraqi Prime Minister Pledges Commitment to Improve Living Conditions in Kurdistan, 5 DEC

 Iraqi Prime Minister Pledges Commitment to Improve Living Conditions in Kurdistan

In a crucial development that underscores the government’s commitment, Iraqi Prime Minister Mohammed Shia’ Al-Sudani met with Salahaddin Mohammed Bahaaddin, the Secretary-General of the Kurdistan Islamic Union. The discussions centered around improving the living conditions of the citizens in the Kurdistan Region of Iraq, inclusive of regular payment of salaries and pensions, similar to the benefits enjoyed by the citizens in other provinces.

Bolstering Security and Stability

Highlighting the importance of maintaining a stable and secure environment throughout Iraq, Prime Minister Al-Sudani expressed the government’s support for the Independent High Electoral Commission (IHEC). The focus lies in ensuring the success of the upcoming parliamentary elections in the Kurdistan Region of Iraq, scheduled for February. However, the delay in providing necessary funding to the IHEC by Iraq’s finance ministry could potentially hamper the electoral commission’s agenda and schedule.

International Collaboration for Peace

In a recent meeting with the British Ambassador to Iraq, Stephen Hitchens, Prime Minister Al-Sudani emphasized the need for international cooperation, particularly from European countries, to restore stability in the Middle East. This call for unity aims at achieving peace and security for all peoples in the region.

Beneficiaries amidst Conflict

Amidst the conflict, analysts have pointed out that Iraqi Kurds, particularly the Kurdish political class, emerged as the biggest beneficiaries. The Kurds, seen as staunch allies of the Americans, have strengthened their political position and attracted foreign investments. The federal government in Baghdad agreed to increase funds allocated to Iraqi Kurdistan, desperately needed to pay salaries in the northern autonomous region. This decision followed protests in Dohuk, the third biggest city in the region, over unpaid civil service salaries blamed on Baghdad.

https://bnn.network/politics/iraqi-prime-minister-pledges-commitment-to-improve-living-conditions-in-kurdistan/

Iraqi Government Invests in Local Drama Industry, 5 DEC

 Iraqi Government Invests in Local Drama Industry

In a move that highlights the Iraqi government’s commitment to the arts and culture, the Media Office of the Prime Minister has announced the allocation of a budget of 5 billion Iraqi dinars to bolster the local drama industry. This investment is part of a larger project aimed at enhancing and promoting the country’s cinematic arts, a sector that has struggled for recognition and support in the past.

Revitalising the Iraqi Drama Scene

The funds are expected to breathe new life into the Iraqi drama scene, an industry that has been grappling with numerous challenges. The lack of funding, for instance, has historically limited the production of content, suffocating the creativity and potential of local talent. This new venture could potentially lead to the production of higher quality content, revitalising the industry and fostering the growth of local talent.

Supporting Cultural Expression and Societal Reflection

The government’s investment in the drama industry signifies its recognition of the importance of drama as a medium for storytelling, cultural expression, and societal reflection. Drama has the power to mirror society, reflecting its strengths and weaknesses, its hopes and fears. By investing in this art form, the government is not only supporting the arts but also promoting the expression of the Iraqi culture and society.

Government’s Commitment to Cultural Development

This initiative also underscores the government’s commitment to cultural development. With this investment, the government is sending a clear message: that it values the arts and recognises their potential to contribute to the socio-economic development of the country. The decision to fund the drama industry is a significant step forward in the journey towards a vibrant and dynamic Iraqi cultural scene.

https://bnn.network/arts/artists/iraqi-government-invests-in-local-drama-industry/


"RV UPDATE" BY PIMPY, 5 DEC

 Pimpy 

  Still today I can't find any news so called restrictions removed.  No restrictions have been removed yet.

Article:  "Central Bank reveals two agreements during joint Iraqi delegation talks in Turkey
 This agreement with Turkey allows...merchants to purchase goods from each other's country using their own currency.  If I'm a merchant in Iraq and I want to buy goods from over there in Turkey to sell in my store I can purchase those goods using Iraqi dinars and vice versa.
  If I'm a merchant in Turkey and I want to buy some goods that I can sell in my store over here in Turkey I can use the Euro or the Lera and then the banks will settle the issue with the two currencies .  That's why they [the banks] do currency swaps.  These are pretty big hurdles Iraq has managed to get over.  Let's hope they continue down this path and nothing bad happens...

 Sovereignty means freedom.  That means you're in control.  Nobody else tells you what you can and can't do with your country, with your currency or anything else.  That's the whole purpose of sovereignty.  Iraq wants control of their currency.  This is what we want for them to do...We have to make sure the people that are in control don't screw things up...Let's hope Iraq is ready to do this because if not it really could be a major setback...

Monday, December 4, 2023

December 4th Presentation from Bob and Tony

The Critical Decisive Strikes: Analyzing the Recent Military Activities in Iraq, 5 DEC

 The Critical Decisive Strikes: Analyzing the Recent Military Activities in Iraq

Military Activity in Iraq: A Critical Juncture

On December 3, the U.S. army reportedly embarked on a successful mission in the vicinity of Kirkuk in northeastern Iraq. In an operation aimed at eliminating threats to peace and stability, the forces, according to source reports, successfully eliminated five combatants and obliterated an unmanned aerial vehicle.

The Rise of Militancy in the Region

Imposing a substantial threat to peace in Iraq is the Iran-aided group – “Islamic Resistance in Iraq.” In a striking display of provocation, the outfit reportedly launched attacked four American bases straddled across Syria and Iraq on the night of December 3. Drawing information from the data that the Pentagon revealed on November 30, American bases in Syria and Iraq experienced 74 barrages since October 17, launched by Iran-aided groups in the region.

The Role of U.S. Central Command (CENTCOM)

The U.S. Central Command (CENTCOM) carries a significant role in maintaining peace and stability in the Middle Eastern, Eastern African, and Central Asian regions. By overseeing the planning of operations in hostile situations and directing the deployment of U.S. forces, CENTCOM seeks to ensure that potential threats are efficiently neutralized.

Defending the Red Sea

In another recent development occurring alongside Iraq’s fragility, an American destroyer reportedly struck down three drones, said to be released from Yemen, in the Red Sea on December 3. The interception of such offensive deployments represents active efforts to stabilize the region against potential disruptors.

The Warning from the U.S. Department of State

Showing a staunch stand against the threats to American forces in Iraq and the Middle East, the U.S. Secretary of State issued a statement on behalf of the U.S. Government. The official warned against anyone endangering American military personnel in the Middle East region, indicating the U.S.’s readiness to shield its forces.

A Word of Caution to Iran

Reflecting the U.S. Government’s strong sentiment against militancy and disruption of peace, a higher authority sent a stern warning to Iran. Reiterating the country’s commitment to protect its interests and uphold peace, the message to Iran was clear: exercise caution.

Conclusion

In light of these developments, it appears that the military activity in Iraq is at a critical juncture. The evolving dynamic between non-state actors and established forces of power portrays a region struggling for stability, peace, and progress. It is imperative to continue analyzing the situation as it unfolds through decisive strikes, international warnings, and proactive defense strategies. In time, these dynamics could respectively outline the future of military engagement and, more importantly, of peace in the Iraq region.

https://bnn.network/breaking-news/the-critical-decisive-strikes-analyzing-the-recent-military-activities-in-iraq/


Iraq in Talks with Turkmenistan to Import Natural Gas, 5 DEC

 Iraq in Talks with Turkmenistan to Import Natural Gas

In a significant move towards bolstering its energy security, the Iraqi Ministry of Electricity has commenced negotiations with Turkmenistan Gas Company to import 25 million cubic meters of natural gas daily. This crucial step, as reported by the Iraqi News Agency, intends to fully satiate the fuel needs of six prominent power stations in the region.

Meeting the Energy Demand

The decision by the Ministry of Electricity aligns with the directives of Prime Minister Mohammed Shiaa’ Al-Sudani. The proposed quantity of gas import is aimed at meeting the escalating demand for electricity in the region and ensuring a stable supply of natural gas and electricity, particularly in the event of delays or technical issues in Iran.

Upon successful procurement, this import will entirely meet the natural gas requirements of several operating units, including the Mansuriyah, Sadr, Basmaya, South Baghdad Gas Station Second, Quds, and Taji stations.

Regional Energy Landscape

The negotiation comes amidst a wider reshaping of the Eurasian energy landscape. Countries like Kazakhstan, Russia, and Uzbekistan are currently considering the formation of a trilateral ‘gas union’ for infrastructure development and foreign market expansion. The concept of such a gas union is considered ‘extremely relevant’ and beneficial for all involved nations.

Energy Initiatives Across the Middle East

In related energy news, Saudi Arabia is making significant strides in the realm of renewable energy. It plans to launch renewable energy projects with a capacity of 20 gigawatts in 2024 after quadrupling its renewable energy production from 700 megawatts to 2.8 gigawatts. Furthermore, the kingdom is taking steps to be a major global source of green hydrogen and is developing international partnerships to foster green hydrogen projects within the country.

In the pursuit of global climate goals, the Saudis are focusing on innovation and a wide range of technologies to secure affordable energy access in a more sustainable future for all, addressing the fundamental challenges of climate change.

https://bnn.network/world/iraq/iraq-in-talks-with-turkmenistan-to-import-natural-gas/

🚨 MarkZ RV Intel Update: New US Currency Rumors, Bond Payments & April Timeline Shocker (What You Need to Know NOW)

🔥 BREAKING RV INTEL: Is the Financial Reset Closer Than Ever? The latest discussion from MarkZ has ignited intense speculation across the R...