Al-Sudani: The presence of American forces in Iraq is destabilizing, and we want their quick exit, 11 JAN
Shafaq News/ Prime Minister Muhammad Shiaa Al-Sudani confirmed that Iraq wants a quick and orderly exit of the international coalition forces led by the United States, describing the presence of those forces as “destabilizing” in light of the regional repercussions of the Gaza war.
Al-Sudani told Reuters that there is a need to reorganize the relationship between Iraq and the American forces so that it is not a target or justification for any party, whether internal or external, to tamper with stability in Iraq and the region.
He added, “The exit of these forces must take place through negotiation.”
Long-standing calls by mostly Shiite armed factions, many of which are close to Iran, for the departure of the US-led international coalition forces have gained momentum after a series of US strikes on factions linked to Iran that also form part of the official Iraqi security forces.
These strikes, which came in response to dozens of drone and missile attacks on American forces since Israel launched its war on the Gaza Strip, raised fears that Iraq would once again become the scene of a regional conflict.
The oil & gas law is a very important and is considered to be integral to the citizens needs and the economic development of the country. They stop short of telling us what came of the oil & gas law today. Why? ...One reason would be that there is exchange rate sensitivity with respect to the law...An exchange rate to be one that is stronger than the dollar (Per Al-Sudani) will help largely in that regard. So, yesterday they were focusing on the importance of this law and with urgency. A very good sign!!!
Developing the market for the banking sector is huge because look, the ISX shows that their index has been up about 52% in 2023...Why is that if Iraq is just status quo and it's just blah...? It's not.
Once they...get the parallel price to say 1320, 1310 as apposed from 1560...they'll adjust and finish the project to delete the zeros. Remember, it's not off the currency, it's off the exchange rate of the currency. There is a difference. A lot of people are still hung up on that...
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Evening all…..Happy to be here.
Member: Come on Mark…..Bring on the golden hat!!
MZ: I am so ready to wear that.
MZ: Lots going on in Iraq…They want the US out and they want to move forward. .
Member: Markz, are we all going to get the same rate?
MZ: It is my understanding we will all get the same rate. There are some groups that had pre-negotiated SKR’s …their payout works differently under their structure and may get a different rate….but all of us getting the “internet rate” should get the same rate. . no matter what participating bank or RC you go to.That is what I was told repeatedly.
MZ: “ Exclusive: Iraq seeks quick exit of US forces ,but no deadline set-PM says” This one is from Rueters. Focus on the word “quick” Remember one of the Things President Trump had told us….”We will leave Iraq as soon as we get our dollars” referring to the revaluation.
MZ: This makes sense to have the RV when US forces are gone….Iraq will have a lot more credibility in the region …and Sudani is expecting a “quick exit” which is good news.
Member: 100% sovereignty is the name of the game….
MZ: Yes it is.
MZ: “Ministers discuss with a delegation from the Kurdistan Regional Government the preparations for the 2024 budget” They have already agreed to the 3 year budget….this is good they are working on this and the HCL law.
MZ: “Texas moves to support gold” One of the things Texans will be voting on this year is a Texas gold depository with an alternative payment option in the state of Texas.
MZ: “Oklahoma Bill moves to create gold and silver depository” Hmmm there is a pattern here.
MZ: “Gold is about to start radically outperforming the stock market” With volatility…..gold breaks out.
Member: Mark : Chinese New year is Feb 10. The year of the Dragon. Do you think the Chinese Golden Dragon will release the RV funds to celebrate the New Year?
Member: Still hoping for sooner than that.
Member: Praying this out week/weekend for all the people in desperate situations
Member: I just bought Champagne in case there is a special occasion soon . . .
MZ: Andy Schectman will be joining us for Whiskey and Wisdom tonight at 8 pm est to chat…
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With wide local and international participation.. Baghdad Exhibition opens its 47th session today
Shafaq News/ The Ministry of Commerce announced, on Wednesday, that the Baghdad International Fair will open its 47th session this afternoon, with the participation of 850 different companies from 20 countries.
Ministry spokesman Muhammad Hanoun told Shafaq News Agency, “The Kingdom of Saudi Arabia is the official sponsor of the conference, as 140 companies will participate.”
He stated that “8 Arab countries and 12 foreign countries will participate in the exhibition, namely Saudi Arabia, the Emirates, Jordan, Egypt, Syria, Oman, and Palestine, while foreign countries will include Spain, India, Pakistan, Indonesia, Thailand, Algiers, Azerbaijan, the Philippines, and others.”
Hanoun pointed out that “the exhibition will last for 10 days, starting today and ending on the 19th of this month,” stressing, “We seek through this exhibition to establish real partnerships between the Iraqi and international private sectors.”
Lawmakers are now taking cryptocurrency and blockchain regulations to their states. On January 5, the Blockchain Basics Act, a bill that aims to protect several blockchain and cryptocurrency rights, was introduced in the Nebraska Unicameral Legislature by Sen. Eliot Bolstar, putting the cornhusker state at the forefront of these initiatives.
The act seeks to guarantee the rights of Nebraskans to mine cryptocurrency without restrictions, exert the custody of their cryptocurrency assets, and transact with crypto. It also establishes the exemption of capital gains state taxes for cryptocurrency transactions under $200.
The race for Stablecoin adoption is underway. Stablecoins represent a country’s currency. The current technology is at T+1 settlement. The goal is to reach T + O settlement or instant settlement.
Patriot, the blockchain interbank payment network, already utilizes JP Morgan’s Coin as a Deposit Token throughout the current banking system. This network has already achieved near-zero instant payment system technology.
The goal is to create a Level Playing Field among countries and their payment systems through T+0 settlements. And, Stablecoins are the path forward to reach this goal collectively.
For a Stablecoin to qualify in digital payment systems going forward, they will need a stable price equivalent to the country’s current regulated price on their currency. The use of gold backing each of these Stablecoins will help to achieve this goal.