Iraq Loses Compensation And May Pay $380 Million In An International Dispute Case
Economy 02-11-2024 | 06:01 Al-Sumaria News – Economy One of the Kuwaiti companies that owns a dispute case with Iraq announced that it was able to obtain a new opportunity to sue Iraq, after the international arbitration panel in 2021 closed the case that the company filed against Iraq, and even obligated it to pay compensation to Iraq worth 5 million. dollar.
However, the Kuwait Public Warehousing Company announced today, Sunday, that the annulment committee at the International Center for Settlement of Investment Disputes accepted its appeal against the previous ruling of the arbitration panel and partially canceled it, adding that the committee announced that the original ruling issued in 2021 was partially canceled, and as a result of this decision, we will have the opportunity to resubmit our claims before the Kuwaiti Public Warehousing Company. The arbitration panel again.
In 2021, the arbitration panel at the International Center for Settlement of Investment Disputes of the World Bank Group rejected a lawsuit filed by the Kuwaiti company to recover more than $380 million that it said it lost in Iraq. The panel also ordered the company at that time to pay more than five million dollars to Iraq for the costs related to this case. . LINK
As I see it, we are waiting for some public announcements to come forth including the following
1. Public announcement of the USN on the gold and asset standard
2. Public announcement of the new USN notes money supply
3. Public announcement of USN bills paid
a. Iraq has a trust problem with the US
b. they need to see items 1-2 and three above publicly announced So they can go forward
4. Public announcement of the new Iraq international Dinar rate
5. Public announcement of the new Iraq international data rate published in The Gazette
6. Public announcement of Nesara
7. Public announcement of Gesera
8. Public announcement of Biden gone
9. Public announcement of trump's return
10. Private announcement of RV notifications including 800 numbers and starlink
a. Private announcement of tier 3 liquidity and spendable
b. Private announcement for liquidity of all tiers
11. Public announcement of the following
a. Social Security increase and change of system
b. Reclamation monies
c. Debt forgiveness jubilee
d. Other funds as applicable
We should begin to see these flowing out in the soon coming immediate future
There are other events that are important such as the stock market crash, EBS, and the new financial system. I have chosen not to include them in the list above, but those things are coming and we should pay attention to real events that are about to and very soon begin to unfold.
Hold the line and stay steady. Lock your faith into the Word of God. What is about to happen is biblical and we should understand that.
See you on the other side. The other side is the Promised Land. Are you truly ready?
Experts Determine Ways To Control The “Parallel Dollar”
Economical 02/11/2024 Baghdad: Haider Falih Al-Rubaie Specialists in economic affairs have identified a number of factors that would control the exchange rate of the parallel dollar, stressing that granting the private industrial sector financial and administrative facilities could lead to moving the wheel of production and reducing imports that are financed with the parallel dollar from the black market.
Stressing the importance of doubling loans that would establish a production base capable of meeting the local market’s requirements for goods and materials.
Economic calls have increased remarkably, demanding that loans and credit facilities granted by banks to the private sector be directed towards activating and increasing production processes, indicating that these facilities exceeded 50 trillion dinars last year 2023, but they did not contribute to increasing gross domestic product rates, stressing at the time He stressed the importance of building more bridges of trust between investors, businessmen and companies with government and private banks with the aim of facilitating the granting of loans directed towards increasing local production.
The specialists' calls come at a time when the government has intensified its efforts to eliminate the rise in exchange rates in the parallel market, which has greatly affected the movement of buying and selling goods and materials in the local markets. Following a package of decisions that contributed to closing the gap that occurred earlier between the official and the parallel dollar,
A government source revealed earlier that electronic cards were issued to small merchants with a ceiling of $100,000 per month.
The new government step was met with economic welcome, which emphasized the importance of this measure in eliminating the significant rise in parallel exchange rates and reducing the jumps in the green currency, in addition to its importance in covering the prices of imported goods at the official dollar rate, thus achieving great stability in the local markets.
Economist Manaf Al-Sayegh said during his talk to “Al-Sabah” that “a large part of the solution lies in establishing a large production base capable of meeting the requirements of local markets and blocking the path to import operations that require huge sums of money from the dollar,” pointing out the necessity of “developing a strategic plan that begins with In the form of stages that include the significant qualitative advancement of the industrial and agricultural sectors, which constitute the backbone of the national economy.
Al-Sayegh also urged “the importance of the strategy including real steps to reform the banking and financial system in the country, and adapting it in a way that can be parallel to what developed countries have achieved in banking transactions, as well as moving towards reforms related to the trade balance, which can stimulate the movement of local production and exports.”
National economy, thus significantly reducing the demand for the parallel dollar, pointing out that creating a balance between exports and imports is an important step to revitalize the national economy and enable it to achieve growth in all its sectors, thus diversifying sources and significantly reducing dependence on the oil sector.
In turn, economic expert Dr. Nabil Al-Marsoumi explained in an interview with “Al-Sabah” that the decline of the dollar index against the Iraqi dinar is on its way to decline, pointing to the seriousness of the monetary authority in diversifying currency reserves, as well as expanding the circle of payments from other currencies, not to mention simplifying Brief access to the electronic platform.
Al-Marsoumi stressed the importance of resolving problems related to trade with neighboring countries, by finding other ways to trade with those countries in order to find a close price between the official and parallel dollars.
The Governor of the Central Bank had confirmed in an interview with the Iraqi News Agency “INA” that “the indicator of the success of monetary policy in any country is controlling the general level of prices and reducing inflation,” explaining that “inflation has now decreased significantly compared to the beginning of 2023, which...
“It indicates that foreign trade is covered by the official rate and that foreign financing operations are taking place smoothly, and all importers and traders can obtain and control the dollar at the official rate.”
Al-Alaq pointed out that “the Central Bank’s following of the rules and principles of external transfer in accordance with the conditions and requirements it set and its insistence on implementing them has prompted many hesitant merchants to enter the platform for selling foreign currency, especially since its use is easy and safe and it provides them with the dollar at the official rate.”
Al-Alaq pointed out that “the Central Bank confirms the possibility of meeting all requests for the dollar, whether personal, commercial, or any kind, as long as they are valid and legitimate.”
If you remember, all of the times, I have said this over and over – it’s back to back, so who cares if he comes back into office within 30 minutes after we start the RV? The money has to move first – that has been told to be for five years, so the RV has to happen first or Trump cannot come back.
We’ll get notification, then immediately after, they’ll announce the aspects of Nesara and then it’ll go “back to back” from there, within minutes or hours, but people have to stop caring about the order of events because it’s back to back.
OK my advisor said within 72 hours everything would happen. He also told me the government would flip over night. Hopefully that helps.
Al-Mandalawi: These are the decisions of the House of Representatives regarding Iraqi sovereignty
Saturday 10, February 2024 21:09 | PoliticalNumber of readings: 298
Baghdad / NINA / Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, today, Saturday, directed the formation of a parliamentary committee to follow up and support the government’s negotiations to end the missions of the international coalition forces.
Al-Mandalawi directed the Legal, Security, and Defense Committees to submit a report in the next session regarding the request submitted by the representatives regarding the proposed law to remove foreign forces from the country, stressing that “the House of Representatives will approach the Commander-in-Chief of the Armed Forces/Prime Minister, to host those concerned in the General Command of the Armed Forces and the Ministry of Foreign Affairs.” Foreign Affairs during the current week./End 5 https://ninanews.com/Website/News/Details?key=1105926
