Article: "Economics website: A new application enhances investment movement in Iraq"
Quote: “.. .The new index, called (RSISX Total Return), compares currency exchange rate changes and the returns achieved.”
It is not surprising they have a new RSISX Total Returns index for currency exchange rate changes. With Al-Sudani's government mention of 1.32 dinars to the dollar yesterday and then today we see that there is talk of smaller denominations. Small enough to make change for 250 notes...Put all that with this new index being launched suggests for me, is that they are ready for change to come and not just in the exchange rate but...as in fils...This is another good sign Iraq is opening up to the world in a big way.
Clare: An independent representative stresses the need to legislate the oil and gas law
3/13/2024
Information/Baghdad…
Member of the Parliamentary Oil and Gas Committee, Independent Representative Nazem Al-Shibli, stressed today, Wednesday, the necessity of passing the oil and gas law.
Al-Shibli told Al-Maalouma, “The oil and gas law is the only solution to solve the outstanding problems between the federal government and the Kurdistan region, and its legislation will resolve all disputes between the two parties.”
He added, “The House of Representatives has completed all sections of the law, but the government has amendments and comments on some paragraphs of the prepared law.”
He pointed out “the difficulty of resolving the problems with the region without the oil and gas law,” noting that “11 amendments were made to the law.”
Since the first session of the Iraqi Council of Representatives, in 2005, the draft oil and gas law has remained locked away, as disagreements prevent its approval in its final form.
After 18 years ,he announced the formation of a committee to develop “a draft of the oil and gas law and present it to the government and the House of Representatives, according to what MP Firas Al-Muslimaoui revealed.
The representative stressed that “there is a real will in the House of Representatives to legislate the law.
Iraq exports an average of 3.3 million barrels of crude oil per day, and black gold constitutes more than 90 percent of the Iraqi treasury’s resources.” LINK
OPEC+ members agreed to extend voluntary production cuts by 2.2 million barrels per day in the second quarter of the year...Iraq is losing anywhere from $2 to $3 billion a month in OPEC's volunteer program to cut oil production.
IMF's report on Iraq's economy. This is a critical report dealing with Iraq's...financial future...Iraq could easily be on the path to a higher exchange rate depending on how the country responds to the IMF recommendations...
Iraq's non-oil economy is expected to continue to its growth in 2024 after expanding by 6% in 2023. The IMF also reported Iraq's economy is projected to rebound in 2024...
Iraq needs more sustainable non-oil growth according to...the IMF mission.
Shafaq News/ On Wednesday, the Iraqi Minister of Interior, Abdul Amir Al-Shammari, gave the green light to the rules for buying weapons. Brigadier Muqdad Miri, the Ministry of Interior’s spokesperson, told Shafaq News Agency, “We’ll kick off this plan on April 1, 2024, and we’ll share more details about these rules later.”
In January 2024, the Iraqi Ministry of Interior made a call to allow any household to own a weapon as long as the owners register it through the designated electronic system. The registration deadline is by the end of December 2024; failing to register will have legal consequences.
AL-KARAAWI WARNS OF ECONOMIC PROJECTS THAT WILL DRAG IRAQ TOWARDS NORMALIZATION
The head of the organizing body of the Belt and Road Popular Movement, Hussein Al-Karaawi, warned of European-American attempts to drag Iraq through economic projects towards normalization with the Zionist entity, and the implementation of a new plan in the region.
He added, “There is another effort that aims to drag Iraq towards the Zionist entity by extending an oil pipeline from Iraq towards the port of Aqaba, to deliver oil to the occupied territories and serve the Zionist project.”
He stated that “America and its ally Europe are seeking in every way to implement a new economic project in the region that aims to annex Iraq, in one way or another, to the countries normalized with the usurping entity, which is something that the Iraqi people reject and stand against.”
(There is much, much more to this that is not being said in this article. This is why the west does not want Iraq dealing with the China and its silk road project. Do you see it now? Yes, the globalist want Iraq as a territory, a puppet state of the globalist empire One World Government. Please see the next article.)