A parliamentary committee explains the main reason behind obstructing the oil and gas law, 23 JAN

A parliamentary committee explains the main reason behind obstructing the oil and gas law

Information / Baghdad…
On Monday, member of the Parliamentary Oil and Natural Resources Committee, Kazem Al-Touki, explained the main reason behind obstructing the passage and resolution of the oil and gas law, pointing out that the approval of the law will be delayed until the controversial issues between Baghdad and Erbil regarding the law are resolved.

Al-Touki told Al-Maalouma, “Despite the government’s moves and the continued work of the technical and negotiating committees formed regarding the oil and gas law last year, the law has not yet seen the light.”

He added, “The Oil and Gas Committee was moving towards the heads of the political blocs in order to ensure that the aforementioned law is resolved and delivered to Parliament for legislation before the recess of the Council’s last legislative term.”

He stated, “There is a stalemate regarding the oil and gas law, as the Kurds have obstructed the resolution of the law after the problems they raised regarding Article 140 and the disputed areas. In the end, the law will be delayed until a consensus is reached between the political parties regarding its passage.”

almaalomah.me

"RV UPDATE" BY FRANK26, 23 JAN

 Frank26  

 For any Iraqi that lives outside of Iraq they will take advantage and exchange their 3-zero notes for American dollars.  The monetary reform is getting louder and louder everyday and very direct.  There is no confusion.  There's no need to wonder when it's going to happen because they're telling you it's happening.  IMO the lower denoms, new exchange rate and the float in the basket is the next phase of your monetary reform...Prime Minister Sudani is bragging about it right now...

Article "The International Monetary Fund welcomes Iraq's accession to a program that supports economic reforms "

  All I could say was Holy cow!  That's huge.  The IMF, remember who they are.  They are the one who give Iraq/CBI permission to raise or lower the value of their currency, to print or to destroy currency.  Everything they do in their banking structure is governed by the IMF...This is the announcement by the IMF that Iraq is international.  

Iraqi dinar will be back to $3.26 🔥?

Al-Rafidain launches the third issue of reconstruction bonds… available in two categories, 23 JAN

 Al-Rafidain launches the third issue of reconstruction bonds… available in two categories, 23 JAN

Baghdad – 964
On Monday, Rafidain Bank announced the issuance of the third issue of reconstruction bonds, while indicating that it will be in the form of two categories, a 500 thousand dinar bond and a million dinar bond.

A statement from the bank, a copy of which was received by the 964 Network:
In a step to enhance the investment aspect and in line with the directives of the Ministry of Finance.

Rafidain Bank announces the offering of the third issuance (reconstruction bonds) for sale to citizens until January 30, 2024. With the same mechanism previous to the first and second issues.

It will be available in two categories:

– A bond of 500,000 dinars with an annual interest rate of 6 percent, paid every six months for a period of two years.

– A 1,000,000 dinar bond with an annual interest rate of 8 percent, paid every six months for a period of four years.

The bank confirmed that the person wishing to purchase the bonds must submit a direct request to the bank, accompanied by the original identification documents, explaining that the buyer will be given a receipt by the bank in exchange for the amount he paid to purchase the bond. The buyer will keep this receipt until the bond is prepared, and the buyer will bring the aforementioned receipt to The bank to receive the bond after preparing it.

He stated that the trading of bonds takes place in the stock market, buying and selling, in addition to that, the statute of limitations for the bond is 10 years after maturity, and then it is transferred to the Ministry of Finance, pointing out that the purchase and trading of the bonds offered (Emaar bonds) are exempt from taxes, according to what is stated in the Federal Budget Law No. 13 of 2023.

964media.com

"RV UPDATE" BY CLARE, 23 JAN

 Clare

  Article "Parliamentary Finance Committee: A surplus of more than 10 trillion in the 2023 budget”

  Quote "The total revenues of the Iraqi state, as of November 2023, amounted to more than 121 trillion dinars, while expenditures amounted to more than 110 trillion dinars, which means there is a surplus of more than 10 trillion dinars, according to the Iraqi Ministry of Finance .

Article "An exciting statement by Al-Sudani: How will Iraq double its non-oil revenues by 200% in just two years?"  Quote "For oil revenues to be 80% of total revenues, non-oil revenues must be more than 24 trillion dinars, which means doubling them by about 200% of their current number"

 Article "For the first time...the assets of Iraqi banks record an unprecedented number"  quote “the volume of assets of Iraqi banks operating in Iraq amounted to more than 202 trillion dinars, which is the first time that it has exceeded the barrier of 200 trillion dinars.”

Iraqi dinar Most Powerful Part of Iraq's Monetary Reform Revealed | Floa...

Including Russian weapons.. Parliamentarian: America is obstructing important military agreements for Iraq, 23 JAN

 Including Russian weapons.. Parliamentarian: America is obstructing important military agreements for Iraq

Information/private..
Member of the House of Representatives, Jassem Al-Atwani, confirmed today, Monday, that the American side is obstructing some agreements that are in the interest of Iraq, while he stressed that the current government is continuing to liberate itself from American hegemony, on the military side.

Al-Atwani said, in an interview with the Maalouma Agency, that “the government proceeded to liberate itself from the agreements that were imposed on Iraq after the Gulf War, including exit from Chapter Seven, and restricting the country in terms of choosing its military fate.”

He added, “The government concluded agreements with countries that were banned from Iraq by America,” stressing that “the American administration always obstructs military agreements that are in the interest of Iraq.”

The member of the House of Representatives explained, “Washington previously obstructed the Russian arms agreement, after it negatively interfered with the deal, and ultimately failed the agreement,” adding, “There is no article in Iraqi law that requires Baghdad not to choose the appropriate weapons to defend the country.”

Earlier, a member of the Parliamentary Security and Defense Committee, Waad Qaddo, confirmed that arming the security forces is not at the required level, indicating that the American side greatly affects the arming of the Iraqi forces, especially with regard to the issue of aviation.

The United States of America continues to dominate and control arms purchase contracts for Iraq amid a major loss of most of the weapons that were imported, in addition to the high price that reaches several times the price of what is available in other countries and with higher efficiency.

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