The Kurdish government resolved crises with “wisdom”.. A ​​former member of the Kurdistan Parliament: Baghdad has no excuse left, 29 JULY

 The Kurdish government resolved crises with “wisdom”.. A ​​former member of the Kurdistan Parliament: Baghdad has no excuse left

7/28/2024  Erbil 

Former member of the Kurdistan Regional Parliament, Rebwar Babaki, confirmed today, Sunday (July 28, 2024), that the current regional government headed by Masrour Barzani was able to resolve the crises.

Babaki said in an interview with “Baghdad Today” that “the wise policy of the current regional government enabled it to resolve the complex disputes with Baghdad, especially in the field of salaries and budget.”

He added, "The financial crisis and delayed salary payments were resolved wisely and diplomatically, even though some Iraqi political parties wanted to put obstacles to ending the dispute and wanted the crisis to continue."

Babaki pointed out that "the regional government did not leave any excuse for Baghdad, and therefore the salary crisis was resolved with wisdom and patience, and other crises were dismantled."

On Thursday (May 30, 2024), the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, visited the capital, Baghdad, to hold discussions with Prime Minister Muhammad Shia al-Sudani and a number of senior officials in the federal government, in In addition to meetings with leaders and leaders of political forces.

According to a statement issued by the regional government, Masrour Barzani's meetings during his visit dealt with the latest developments on the political and security arenas in Iraq, and the emphasis on resolving the outstanding issues between the Kurdistan region and the federal government, especially securing the Salaries of the citizens of the Kurdistan region and guaranteeing their financial rights and entitlements.

According to the statement, the discussions also dealt with enhancing cooperation and joint coordination, to ensure security and stability for Iraq and the Kurdistan region.

In this regard, Masrour Barzani wrote on the “X-Twitter” platform, “Today I am in Baghdad to affirm the rights of the people of Kurdistan and resolve differences through dialogue and on the basis of the constitution,” adding that “stability and A strong economy should be our priorities.”  LINK

RV UPDATE BY RAYREN98, 29 JULY

 RayRen98  

 [via Babysmom]   "SOME BANKS ARE SEEING A HIGH SELL RATE ON THE DINAR BUT SAY THEY CAN'T SELL IT YET...WAITING ON APPROVAL/CLEARANCE"

---

 RayRen98 

  WAS JUST INFORMED BY A 3 LETTER... IF NOTHING CHANGES, BANKS WILL SEE LIVE RATES IN THE MORNING. TIME WILL TELL.

RayRen98

  IT IS BEING REPORTED THAT AN "ATTEMPT TO RELEASE" WAS UNSUCCESSFUL EARLIER TODAY... STANDBY...WHEN WE HEAR MORE, SO SHALL YOU.

---

NOTICE: ALL SYSTEMS ARE "GO" FOR TODAY...LET'S SEE WHAT HAPPENS. TIME WILL TELL...SOME BANKS SAW "PENDING" RATES ON WEDNESDAY.

"US BANK STAFFERS HAVE RECEIVED MEMOS INDICATING TO BE PREPARED AN INFLUX OF CUSTOMERS HAPPENING SOON"

3 LTRS ARE BACK AT IT AGAIN... EXPECTING SOME "IMMEDIATE ACTION" IN 24 HOURS! TIME WILL TELL...I'M EXPECTING THE "REST" OF MY MIRACLE...TUESDAY NITE NOW!

[via Babysmom]

  ...BANKS EXPECTING TO SEE RATES LIVE AFTER FOREX OPENS AT 5:00 P.M. EASTERN...

--------

PAST POSTS OF RAYREN98

  "ACROSS THE POND" FOLKS ARE CLAIMING WTO ASCENSION & AN INTERNATIONAL CURRENCY.  SOME 3-LTRS ARE STARTING TO CONFIRM AND ACKNOWLEDGE .  TIME WILL TELL

SO, SOME AGREEMENTS WERE MET LAST NIGHT....LET'S SEE WHERE THAT TAKES US FOR LATER TODAY?

 [via Babysmom]  "EAST COAST BANK CONTACTS ARE "VERY EXCITED" AND ANTICIPATE INITIATING EXCHANGES EITHER LATE TONIGHT OR EARLY IN THE MORNING. TIME WILL TELL...

-----

 EVEN THOUGH I DON'T SEE IT YET...THEY ARE TELLING US "IT'S DONE"...THIS HERE "RIDE" IS FINALLY COMING TO AN END...HOPEFULLY TODAY. 

 [via Vinterv]   3 LTR'S [3 LETTER AGENCIES] ARE ON A 24-HOUR WATCH...

♪♫•*¨*•.¸¸❤¸¸.•*¨•*♫♪ I'm so excited, and I just can't hide it. I know, I know, I know I see a RATE CHANGE! A SHO-NUFF "RATE CHANGE" ! ♪♫•*¨*•.¸¸❤¸¸.•*¨•*♫♪  Sooner THAN later ♫♪♫♪♫  I GOT A FEELIN ...TONIGHT'S GONNA BE A GOOD NIGHT ♫♪♫♪♫ times 3...    

GOOD SOURCES INFORM THAT THEY ARE ATTEMPTING TO PUSH IT OUT "BEFORE" THE END OF THE MONTH...

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-rayren98-3-march.html

Iraqi Dinar : New Currency Alert: What a Redenomination Means for Iraqi ...

IMPORTANT IRAQ NEWS: THE OIL AND GAS LAW HAS BEEN IMPRISONED IN PARLIAMENT FOR 19 YEARS AND IS THREATENED WITH DEPORTATION TO THE NEXT SESSION BY MNT GOAT, 29 JULY

 THE OIL AND GAS LAW HAS BEEN IMPRISONED IN PARLIAMENT FOR 19 YEARS AND IS THREATENED WITH DEPORTATION TO THE NEXT SESSION

The secret lies in the consensus of political forces.

Political disagreements and a lack of consensus since the first session of the House of Representatives made the draft oil and gas law a victim and locked in parliament’s drawers.

In each session, conflicts prevent its approval in its final form, as five parliamentary sessions have passed and the law has not been released until today.

The Parliamentary Oil, Gas and Natural Resources Committee expects that the law will be transferred to the next parliamentary session, despite the visit of the head of the Kurdistan Democratic Party, Masoud Barzani, early this month, to the capital, Baghdad, and his meeting with political leaders.

A member of the Parliamentary Oil and Gas Committee, Ali Al-Lami, said in an interview with Al-Mada, “One of the reasons for obstructing the approval of the oil and gas law is the continuing disputes between the governments of Baghdad and Erbil “

He added that his committee “sent the law at the beginning of the current parliamentary session to the government, and we met with the Prime Minister, the President of the Republic, and all the heads of blocs and parties, and we explained the importance of this law.”
The member of the House of Representatives points out, “The law is unlikely to be approved during the current session, as it requires study and reading,” suggesting that “the law will be transferred to the next parliamentary session.”

The draft Iraqi oil and gas law regulates Iraq’s vital sector and the management of the country’s oil fields through one national company, with imports being deposited in one account.

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 treasure’s resources.

For her part, a member of the Parliamentary Oil and Gas Committee, Zainab Al-Moussawi, said in an interview with Al-Mada, “The law is almost complete, and to a high degree, but there are some objections about some points, which are summed up in the delivery of oil imports and exploited and unexploited natural resources to Baghdad.”

Al-Mousawi adds, “The Oil and Gas Law is concerned with regulating the country’s natural resources and exploiting the largest possible amount of undiscovered oil fields.”

She points out that “the law will also contribute to achieving self-sufficiency in oil derivatives and optimal exploitation of wasted natural resources, valued at hundreds of billions of dollars, which contribute to diversifying the state’s financial resources.”
The draft oil and gas law in Iraq available to Parliament stipulates that responsibility for managing the country’s oil fields must be entrusted to and supervised by a national oil company.

In August 2023, the Prime Minister, Muhammad Shiaa Al-Sudani, confirmed that “the draft oil and gas law is one of the basic and important laws, representing a factor of strength and unity for Iraq, and it has been stuck for years, At a time when the country today is in dire need of its legislation and to benefit from this natural wealth, in every way.” Fields and sectors, as well as the contribution of the legislation to solve many outstanding problems.”

He explained, “There are governorates that have not invested their wealth, which is considered negative for development endeavors in all their paths.”

In February 2022, the Federal Court in Baghdad ordered the region to deliver the oil produced on its lands to Baghdad, and to cancel contracts the region had signed with foreign companies.
The matter reached the point where the judiciary in Baghdad invalidated contracts with many foreign companies, especially American and Canadian companies.

RV UPDATE BY PIMPY, 29 JULY

 Pimpy  

Community Comment:  "If you have the old note with all the zeros on them, the Iraqi bank is obligated to give you the rate that's on their screen."

  They're not obligated to do crap.  Once this change [re-denomination] takes place then it doesn't make a difference if you have dinar in country or out of country.  They have already told the world they're removing the zeros off of the dinar.  So even if you have the old bank notes they already know that a 1,000 dinar is equivalent to 1 new Iraqi dinar.  Just because you have it outside of Iraq, you're not going to get special privileges...They automatically do the conversion for you.

Community Comment "An old 1000 dinar will be worth $3.21 x 1000 dinar = $3,210." 

 No it won't.   Not at all.  They'll just look at [your 1000 note] and know this is the old currency and you have to exchange it for the new  currency and if you don't want the new dinars that fine but they're not going to give you a $3.21 rate time this full amount.  They  [will] know the re-denomination has already taken place...They'll give you $3.21.  That's what you get. 

The Fed Loses $100 Billion A Year; What Happens When Central Bank Goes '...

IMPORTANT IRAQ NEWS: THROUGH THE SCREENS.. THE IRAQI STOCK EXCHANGE DETERMINES THE COLORS OF THE DATA AND PREPARES TO BROADCAST ON YOUTUBE BY MNT GOAT, 29 JULY

THROUGH THE SCREENS.. THE IRAQI STOCK EXCHANGE DETERMINES THE COLORS OF THE DATA AND PREPARES TO BROADCAST ON YOUTUBE

The Iraq Stock Exchange announced today, Tuesday, its readiness to launch the trading screen broadcast on YouTube, while indicating the data colors.

The Executive Director, expert Taha Ahmed Abdel Salam, said, according to an issued document received by “Al-Eqtisad News”, that “the technical works to display the trading indicators display screens by adding the colors indicated according to the financial position of the companies (deficit) for the latest financial data and appeared on the broadcast screens and in the investors’ hall in the market as of the session of 7/23/2024 and in the following form

1- Companies with a deficit ratio of more than 50% are marked in red.

2- Companies with a deficit ratio between 30% – 50% are also in red.

3- Companies with a deficit ratio between 20% – 30% are in yellow.

4- Suspended companies in blue

5- The company colors will be updated according to the deficit percentage changes successively.

Regarding the launch of the broadcast on YouTube, Abdul Salam said, “Today’s session will also witness the launch of the broadcast via the Iraq Stock Exchange website via YouTube, in addition to broadcasting via the market’s Facebook page.”