"ANALISIS OF IRAQ NEWS" BY MNT GOAT, 24 DEC

AL-SUDANI TO PLASSCHAERT: THE GOVERNMENT IS DETERMINED TO COMPLETE ALL CONSTITUTIONAL ENTITLEMENTS AND SUPPORT DECENTRALIZATION

The Prime Minister, Muhammad Shiaa Al-Sudani, received today, Thursday, the Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Plasschaert.

During the meeting, according to a statement from the Prime Minister’s Office, which {Al-Furat News} received, Plasschaert “congratulated, on behalf of the International Organization, the Prime Minister on his government’s success in holding provincial council elections, as a step that enhances stability and consolidates democratic rule.”

During the meeting, the Prime Minister affirmed “the government’s determination to complete all constitutional entitlements and support administrative decentralization,which was embodied in holding provincial council elections, within its obligations in the government program,” pointing to Iraq’s desire to continue cooperation with the international organization and develop all its working development programs. in the country”.
 

(All I can say again is “I told you so” lol,,lol,,lol,,lol,,, Are we waiting for the Oil and Gas law. Makes total sense to me. The fact that they could not get agreements in place in time and the law passed could be a reason why January target was stalled. Just saying….)

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

Parliamentary answer: Will the decision to reduce oil production affect dollar prices in Iraq?, 24 DEC

 Parliamentary answer: Will the decision to reduce oil production affect dollar prices in Iraq?

Information/private..
Today, Saturday, a member of the House of Representatives, Intisar Al-Jazairi, explained the extent of the impact of Iraq’s reduction in oil production on the dollar exchange rates in local markets, while she considered the government’s policy to have “a great influence” on the exchange rate.

Al-Jazairi said, in an interview with the Maalouma Agency, that “the economic policy followed by the Iraqi government has greatly affected the exchange rates of the dollar in local markets,” expecting “the continued decline of the dollar locally.”

She added, “The effect of the voluntary reduction in oil production depends on whether or not it exists with the exchange rate in Iraqi markets, especially since oil exports depend mainly on the dollar.”

The member of the House of Representatives explained, “The Iraqi government has taken a decision regarding reducing oil production until the first quarter of 2024, but it has not yet been implemented,” pointing out that “the dollar prices during the next year and the events that will take place in the world, alone will determine the position of the government and Parliament.” of the reduction decision.

Earlier, economic affairs specialist Muhammad Al-Saadi confirmed that Iraq faces a valuable opportunity to maximize oil revenues by exploiting the reduction in oil production and achieving an increase in prices.

The OPEC Plus oil organization had decided, earlier, to reduce the oil production of member states, including Iraq, after the significant decline witnessed by the global market, and to once again increase demand for black gold.

almaalomah.me

Iraqi Dinar Revaluation News Last 24 Hours-Iraqi Dinar News Today 2023-I...

"RV UPDATE" BY CLARE, 23 DEC

 Clare 

  Article:  "CBI Governor: Int'l welcome to the Iraqi banking sector’s commitment to compliance rules"  Quote:  "For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”

Jeff 

 The elections are the linchpin to all their remaining economic steps and movements including the rate change...These elections were a reform step, which is exactly what the rate change has been waiting on throughout this entire year.

Iraqi Dinar✅ Investing in the Iraqi Dinar: Iraqi Dinar News Today 2023-I...

"RV UPDATE" BY JEFF , 23 DEC

 Jeff 

 The elections are the linchpin to all their remaining economic steps and movements including the rate change...These elections were a reform step, which is exactly what the rate change has been waiting on throughout this entire year.

The reforms are absolutely waiting on the rate change to implement.  They can't implement the reforms without changing the rate.  They're telling you the rate change itself is very clearly waiting and has been waiting this  entire year on these [provincial] elections...

 Since October of last year [Iraq's Federal elections] they have been setting the economic stage for the rate change... They're done setting the economic stage. They don't have any more economic steps to do.  That's why they're finishing the very last step of removing and cleaning up corruption at the second half of the government - The provincial level. 

 Today on Monday Iraq is holding their elections.   What does this mean to us?  According to Iraq's Central Bank removing corruption is the absolute minimum requirement for Iraq to be eligible to revalue their currency..

.These are the provincial level elections.  It's the second half of the government.  They already completed and held all their federal elections in October of last year...These elections are critical to the country to move it forward...

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-jeff-21-dec.html

The Iraqi dinar begins to recover against the dollar in Baghdad, 23 DEC

 The Iraqi dinar begins to recover against the dollar in Baghdad

{Economic: Al-Frat News} The prices of the US dollar fell against the Iraqi dinar, on Saturday, with the closure of the main stock exchange in Baghdad.

Selling prices in local exchange shops in Baghdad were 153,250 dinars for $100, while the purchase was 151250 dinars for $100.

The sale price this morning was 153,500 Iraqi dinars, while the purchase was 15,500 dinars per 100 dollars.

https://alforatnews.iq/news/الدينار-العراقي-يبدأ-بالتعافي-أمام-الدولار-في-بغداد