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A parliamentary committee reveals the fate of the oil and gas law.. Will it be deported again?, 19 JAN

 A parliamentary committee reveals the fate of the oil and gas law.. Will it be deported again?

Information/private..
Today, Thursday, the Oil, Gas and Natural Resources Committee revealed the fate of the Oil and Gas Law, while it was likely that the law would be transferred to the next parliamentary session.

Committee member, Zainab Al-Moussawi, said in an interview with the “Al-Ma’louma” agency, “There are no developments regarding the oil and gas law at the present time. The political situation affected the selection of a new president for the Iraqi Council of Representatives.”

She pointed out, “The repeated violations of the American forces in Iraq take up part of Parliament’s work, as it supports the government in removing its forces from the country,” adding, “It is expected that the chapters of dialogues between Baghdad and Erbil regarding the law will begin again after the selection of the Speaker of the Council.”

The oil parliamentary member explained, “If the Kurdish dispute continues over some points of the law, I expect it to go to the next parliamentary session.”

Earlier, former member of the Oil and Energy Committee, Ghaleb Muhammad Ali, confirmed on Wednesday that there were political problems and differences between Baghdad and Erbil regarding the oil and gas law.

The political analyst, Sabah Al-Ukaili, had previously seen that the Kurdistan region continues to pose obstacles to the approval of the oil and gas law, while he stressed that the adoption of the law will prevent all disputes in the oil provinces, especially the Kurdistan region.

The Kurdish parties continue to obstruct the government in approving the oil and gas law, which voting on within the corridors of Parliament has become a must, in order to end the violations and thefts carried out by the Kurdistan Regional Government in the oil smuggling file.

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"RV UPDATE" BY FRANK26, 19 JAN

 Frank26  

 What did we say they were going to do on the 15th? 

 Go international. 

 Do you think they did? 

 Yeah.  It's not for me to prove it to you, it's for them to show it to you.  But let them show it to the citizens first.

Beside Sudani and Alaq, the only two we listen to, I want you to add Barzani.  As time goes by you'll understand why. 

 Barzani is working very nicely with Sudani, Baghdad, the GOI...We're adding Barzani to the group.  Sudani and Alaq are explaing the monetary reward to the Iraqi citizens, so is Barzani. 

Notice articles this week are focusing on the monetary reform education, which is about the currency, lower denoms, new exchange rate, accounting, banking reform, everything.  It's all being unloaded onto the citizens of Iraq...Let's be fair, they're just getting started.  Let's see what happens this quarter...

Iraqi Dinar✅CentralBank of IRAQ Official Announcement | IRAQI DINAR | Mo...

8 countries deal a strong blow to the dollar, 19 JAN

8 countries deal a strong blow to the dollar

Information/follow up..
Egyptian media reported a major shift by countries including Russia, China, India, Brazil, Iran, Indonesia, Egypt and Turkey towards abandoning the dollar.

According to the “Sada El Balad” website, the Egyptian state is reducing its dependence on the US dollar as a major currency for imports and exchanging local currencies with international trading partners, such as Russia, China, India and Turkey.

According to the latest statistics from the Chinese Embassy on the volume of investments between Egypt and China, the volume of Chinese investments in Egypt has increased from 500 million dollars to 1.5 billion dollars, with the increase rate exceeding 100% over the past ten years. The volume of trade exchange between China and Egypt has also increased from 10. Billions to $20 billion in the same period.

In this regard, economic expert Ahmed Moati said that the world became aware of the existence of a crisis because of the United States of America and because of the dollar, so it abandoned it in trade exchange between countries.

Moati pointed out in statements to the “Sada El Balad” website that there have been attempts led by Russia and China for some time to drop the role of the US dollar in global trade, and the reason is due to the two countries’ desire to weaken the United States’ hegemony in the world.

He continued: In the coming period, we will see countries relying on other currencies instead of the US dollar.

He explained that what is happening in terms of countries joining forces side by side constitutes a concern for the dollar, especially if the BRICS countries agree to such bilateral agreements regarding intra-regional trade.

It is worth noting that the BRICS group began abandoning the dollar in global trade transactions.

Many countries have moved to break the dominance of the American currency over global commercial transactions. There are international agreements between many countries to start trade exchange in the local currencies of those countries, as China and Brazil agreed to exchange their local currencies instead of using the dollar, and the volume of trade exchange between the two countries amounts to 150 billion dollars. .

Also, 90 percent of the trade exchange between Russia and China is conducted in rubles and yuan, amounting to more than 260 billion dollars, in addition to an agreement with a number of their trading partners around the world to exchange trade in the local currencies of these countries.

Russia and Iran also agreed to develop a cryptocurrency backed by gold as an alternative to the dollar, in addition to another agreement between Russia and India to abandon the dollar in intra-regional trade, not to mention that the Russian ruble has become the main currency within the countries of the Commonwealth of Independent States.

almaalomah.me

"RV UPDATE" BY PIMPY, 19 JAN

 Pimpy

  I've had people say can you make an argument for the $3.22 rate?  Yep.  Can you make an argument for the $1.17 rate.  Yep I can.  I can make an argument for all these different rates easily but there's a difference between making an argument for what you want versus the reality of things of what's going to happen.

 This was a concern, Iraq was definitely on the right track but it appears that at no fault of their own their country is being bombed by two different nations [Iran and Turkey].   Let's just hope whatever is going on it gets over with quickly so that Iraq can get back on track...

If I'm being honest I'm expecting a small increase in the exchange rate in this budget.  I told you in the first quarter of this year I was expecting it.  But the last thing you need is all these headaches with bombings in Iraq and all the crap that's going on all the way around them...

January 18, 2024 BY NADER FROM MID EAST