Monday, December 18, 2023

Jalal Talabani’s Party Secures Victory in Kirkuk: Shaping the Future of Coexistence among Iraqi Nations in Provincial Elections, 18 DEC

 Jalal Talabani’s Party Secures Victory in Kirkuk: Shaping the Future of Coexistence among Iraqi Nations in Provincial Elections, 18 DEC

The Iraqi provincial elections reshaped Kirkuk’s political landscape as Kurdish lists secured eight seats, marking a significant win for the Kurdistan Patriotic Union (PUK), the party of Jalal Talabani, the former president of Iraq. Beyond Kirkuk, the broader implications for Kurdish influence in Iraq’s provincial councils unfolded amidst regional variations and intricate political dynamics.

Snapshot of Election Day

Election day saw robust arrangements with 7,166 polling stations nationwide, but midday revealed a mere 17% voting participation, reflecting voter apathy. Despite this, the elections concluded successfully in 15 governorates. Notably, special voting provisions for security forces, displaced persons, and inmates boasted a remarkable 67% participation rate, shedding light on the diverse patterns of civic engagement.

Preliminary results from Kirkuk showcased a resounding success for Kurdish lists, securing eight seats in the provincial council. The dominance of the Kurdistan Patriotic Union (PUK) with 5-6 seats, alongside the Kurdistan Democratic Party (KDP) and New Generation’s one seat each, underscored the influential role of Kurdish political entities in shaping Kirkuk’s political trajectory.

Kurdish Islamic Parties on the Sidelines

Contrary to mainstream success, the Kurdish Islamic parties Komal and Yakgrtu on the Kirkuk Torch coalition list failed to secure any seats, prompting questions about political ideologies within the Kurdish community. Understanding the dynamics behind their limited success provides insights into the evolving political landscape in Kirkuk and the factors shaping voter preferences.

Implications for Kurdish Political Power

The triumph of Kurdish lists in Kirkuk holds broader implications for Kurdish political power in Iraq. As the PUK showcases electoral strength, this victory signifies potential changes in the balance of influence within the Kurdish political spectrum. These shifts carry implications for regional dynamics and inter-party relations, shaping the broader political landscape.

While Kirkuk takes center stage, the success of Kurdish lists in other governorates significantly contributes to shaping the overall Kurdish political landscape in Iraq. Analyzing the distribution of seats across provinces offers a comprehensive understanding of the community’s influence, providing insights into potential alliances, collaborations, and power dynamics within the broader Iraqi context.

A Test for Democracy

Viewed as a test for Prime Minister Mohammed Shia al-Sudani’s government, the elections were expected to strengthen Shiite pro-Iran groups, particularly the ruling Coordination Framework coalition. The boycott by Shiite cleric Moqtada Sadr, citing corruption concerns, and the formation of a joint alliance by Sunni leaders underscore the intricate dynamics within Iraq’s political landscape, adding layers to the democratic process.

Regional Variations and Implications

In Kirkuk province, the victory of Kurdish lists, particularly the Kurdistan Patriotic Union (PUK), holds significant implications for the political representation of different groups. The lower turnout compared to the 2021 parliamentary polls emphasizes the need for a detailed analysis to comprehend voter participation dynamics and the influencing factors. The provincial council elections serve as a critical reflection of Iraq’s ongoing political developments, setting the stage for the forthcoming 2025 parliamentary elections.

https://bnnbreaking.com/watch-now/jalal-talabanis-party-secures-victory-in-kirkuk-shaping-the-future-of-coexistence-among-iraqi-nations-in-provincial-elections/

Iraqi DinaršŸ”„1To1 Exchange Rates Movement Towards Today 2023šŸ”„iraqi dinar ...

BRICS has a secret world order plan - Here are all the juicy details BY GOLDILOCKS, 19 DEC

 BRICS has a secret world order plan - Here are all the juicy details 

BRICS nations are strategically planning to undermine US dollar dominance, aiming to establish a new global financial order.

A potential BRICS currency could significantly impact key US economic sectors, including banking, trade, and tourism.

The upcoming 16th BRICS summit in 2024 is set to be a pivotal event in advancing this new financial paradigm and global economic rebalancing.

https://www.cryptopolitan.com/brics-has-a-secret-world-order-plan/

Parliamentary Economy: The current world budget surplus will reduce next year’s budget deficit, 19 DEC

 Parliamentary Economy: The current world budget surplus will reduce next year’s budget deficit

On Monday, Yasser Al-Husseini, a Parliamentary Economy and Trade Committee member, confirmed that the surplus from the 2023 budget would be used to fill the deficit in the 2024-2025 budget.

During an interview, Al-Husseini mentioned that the government still needs to allocate funds for the 2023 projects, which could result in financial deficits for the following year’s budget .

He stated that the current budget deficit of 64 trillion will be covered by the surplus in the next fiscal year. He also mentioned that the funds allocated to various projects have yet to be utilized, which will result in a financial abundance that can be utilized in future budgets.

Parliament approved the budget six months ago after a difficult struggle due to political controversy that disrupted the country’s economic interests.

"Currency Manipulation and Exchange Rate Policies: Why the WTO needs to strengthen its monetary policies" BY GOLDILOCKS 19 DEC

 "Currency Manipulation and Exchange Rate Policies: Why the WTO needs to strengthen its monetary policies"


The World Trade Organization has been working on currency reform for some time. This is not new information, but new data showing up at the end of this year is.

The tokenization of assets backed by real values in gold is coming to a head in January 2024. It will begin to leave us with real values to work with in making currency valuations more sustainable and supportive to our new local currencies trading in several countries around the world.

The reason why we have monetary policies is to manage economic fluctuations and achieve price stability.

We are beginning to get some direction inside this area of the economy and moving forward with new guidelines and policies will help us to achieve new exchange rate values.

© Goldilocks
Modern Diplomacy Link

šŸ”„Iraqi DinaršŸ”„Six in the EeveningšŸ”„News Guru Intel Update IQD Value to USD...

"THE UPI INTERFACE" BY DINAR IRAQ & DONG VIETNAM, 18 DEC

 “CFTC Approves Proposed Amendments to Regulations Regarding Real-Time Public Reporting and Swap Data Recordkeeping and Reporting Requirements

This new data collection is expected to harmonize International Data swap transactions that take place on the Forex Market.
It begins on January 1st, 2024.
It is designed to create accurate and efficient reporting of the data being transferred back and forth between cross-border International trading.
The UPI is expected to adopt and use this new reporting rule on January 29th, 2024.
The Unified Payments Interface is the foreign currency mechanism that India is going to use next year in International trade between countries.
Iraq, Vietnam, and Indonesia are three of several countries that will utilize this UPI interface.
It will allow several Banks across the world to exchange on the Forex Market under one digital mechanism.
Trade digitalization will boost Vietnam’s connection on the global stage “Digitalization offers opportunities for a country to engage in international trade, benefiting micro, small, and medium-sized enterprises, although there will be regulatory challenges, according to HSBC.”
Vietnam is finishing up their version of the QFS system to be interfaced with the overall system this month as their assets are supposed to be tokenized as of yesterday.
Vietnam already has Basel 3 compliance to support their markets through a banking system fully compliant in commodity backing.
These new opportunities and new demands to move into the international world will begin creating price pressures on their currency going forward.