Parliamentary Oil: Kurdish obstacles prevent the resolution of the “Oil and Gas” law, 29 JAN

 Parliamentary Oil: Kurdish obstacles prevent the resolution of the “Oil and Gas” law

Kazem Al-Touki, a member of the Parliamentary Oil and Gas Committee, confirmed on Monday that the Kurds have placed obstacles to resolving and ending the oil and gas law and handing it over to Parliament for reading and voting on it.

Al-Touki told Al-Maalouma, “Members of the Oil and Gas Committee communicated and moved towards the political parties and heads of blocs in order to end the problems of the Oil and Gas Law and ensure its passage in Parliament.”

He added, "Prime Minister Muhammad Shiaa Al-Sudani continues to move to end the aforementioned law, and to reach a consensus formula agreed upon by everyone in order to resolve the law and vote on it, especially since the government program focused on this file."

He stated that "the Kurds do not have the seriousness to resolve the oil and gas law, and obstacles have been placed in front of this law, which now needs political consensus before it is sent to the House of Representatives for the purpose of reading and voting on it."  link

"RV UPDATE" BY MARKZ, 29 JAN

 Mnt Goat

   ...the hot topic in the CBI, as my contact told me...is that the CBI is working towards getting the parallel black market rate in check with the “official” CBI rate of the dinar. I asked my contact why the past plan to end this crisis has not yet ended it?

 I was told it is taking more than expected for the measures underway to take hold, but that they will eventually end the crisis and the rate will come down..

 I then asked about the “basket of currencies” we been hearing about to re-peg the dinar.  I was told this is coming but they can’t peg the current in-country rate until they resolve the parallel market crisis and move to FOREX. 

This is exactly what I wanted and needed to hear. This falls directly in-line with the 2011 Dr. Shabibi plan I have talked so much about already. So all is very good in my eyes as far as this process goes. 

PM Sudani Hints Reinstatement?💣High Demand of IQD🤔Iraq Dinar RV Updates ...

A Sudanese meeting recommends structuring government companies and reforming them financially and economically, 29 JAN

 A Sudanese meeting recommends structuring government companies and reforming them financially and economically

A meeting held by Prime Minister Muhammad Shiaa Al-Sudani, on Sunday, came out with decisions to carry out comprehensive reforms to government companies and structure them to strengthen the Iraqi economy.

The Sudanese media office stated in a statement received by Shafaq News Agency, that the latter chaired the second meeting to follow up on the process of structuring and organizing government companies.

At the beginning of the meeting, Al-Sudani pointed out the importance of this process and the role it represents in the essence of economic reform, subjecting companies to correct economic foundations and standards, stressing that this step lies at the core of the strategic goal of increasing the contribution of non-oil revenues to national output and income.

The meeting came up with a number of decisions that included general principles for proceeding with the financial and economic reform and structuring of companies, in a way that strengthens the national economy and its stability. link

"RV UPDATE" BY MARKZ, 29 JAN

  MarkZ   

[via PDK]

 “US dollar exchange rate drops in Baghdad and Erbil”  Iraq is going to be forced to pull that trigger sooner rather than later. This is a good sign for us and is going to force them to push forward with a value change. They want to be pegged to a basket to realize their full value.

   “ Urgent- The foreign ministry announces the success of the Iraqi-American negotiations  on the presence of coalition forces in the country”  This has really been some kind of week over there. Years ago Trump told us the troops would leave when Iraq gets revalued and we get paid.

“Instead of Romansky Bide nominates new ambassador to Iraq” This one is important as the ambassador heading over there also oversaw Turkministans revaluation not long ago. He is renown for helping  financial reforms in countries.  I don’t know if they are getting ready to let Iraq go its own way or not. But it appears to be a key move at a key time with a key person. 

Iraqi dinar Exciting Times, Iraq's PM Talks Shorter Wait for Currency Re...

Central bank sets new ceilings for prepaid cards, 29 JAN

Central bank sets new ceilings for prepaid cards

Economy News – Baghdad

The Central Bank of Iraq on Monday set new ceilings to fill prepaid cards known as prepaid.

The central bank sent a letter to banks and electronic payment companies, and “Economy News” obtained a copy of it, that the maximum limit of the card balance is 10 million dinars.

He added that “the ceiling of withdrawals from ATMs inside Iraq is 2 million dinars or what is determined by the owner of the ATM machine and the monthly card balance does not exceed.”

https://economy-news.net/content.php?id=39925