Iraqi Prime Minister Al-Sudani warns of global disorder, urges greater UN action in UNGA speech, 28 SEPT

 Shafaq News/ In a forceful speech delivered Thursday evening at the 79th session of the United Nations General Assembly, Iraqi Prime Minister Mohammed Shia Al-Sudani highlighted pressing global challenges, warning that the international system faces a critical test that threatens its very existence. 

Speaking at a time of escalating tensions in the Middle East, Al-Sudani emphasized the failure of international institutions, particularly the United Nations Security Council, to maintain peace and uphold human rights. "The international system is facing a difficult test that threatens its very existence," he said, pointing to a world where violations of treaties and norms are becoming increasingly rampant.

Al-Sudani criticized the lack of effective action by the Security Council, particularly in response to the ongoing conflict in Palestine and Lebanon. "Stopping the violations happening in Palestine and the region is everyone's responsibility, particularly the Security Council, which has failed to achieve its primary goal of maintaining international peace and security," he remarked, calling the treatment of the Palestinian people by Israel an "extermination" through "collective starvation," without any deterrent measures from the international community.

The Prime Minister reiterated Iraq’s solidarity with Lebanon, stating that both the government and people of Iraq, guided by religious authority, stand with Lebanon against what he termed “aggression aimed at plunging the region into conflicts.” Al-Sudani also condemned the targeting of international and humanitarian organizations, including the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) in Gaza.

He expressed concern over the broader global implications of the ongoing conflicts, warning that recent actions by Israel could "ignite a large-scale regional war" and destabilize the entire region.

In a wide-ranging speech, Al-Sudani also addressed domestic progress in Iraq, highlighting the country’s post-ISIS recovery and ongoing reconstruction. He emphasized Iraq’s strides in security, economic reforms, and governance. 

“Iraq is now implementing a comprehensive reconstruction and development plan, reviving life in its cities,” he said, celebrating the country's victory over terrorism and the upcoming joint declaration marking the defeat of ISIS alongside Iraq's international allies.

Al-Sudani reaffirmed Iraq’s commitment to advancing democratic processes, noting the organization of provincial council elections after a 10-year delay and preparations for elections in the Kurdistan Region.

Looking forward, the Prime Minister emphasized the importance of regional cooperation, outlining Iraq’s ambitious "Development Road" project to position the country as a key regional hub for trade and transportation, linking the Middle East with Europe. He described the initiative as "a crucial step in enhancing regional cooperation and integration" to rebuild Iraq's economy.

Al-Sudani concluded his address by calling on the international community to support Iraq’s ongoing reforms and efforts to recover stolen funds. He also urged global action to address environmental challenges like desertification and climate change, which have severely impacted Iraq and the region.

As Iraq prepares to chair the G77+China group in 2025, Al-Sudani underscored Iraq's diplomatic victory and its commitment to achieving development goals and reforming the international economic system. "Our policy puts Iraq, its security, sovereignty, and prosperity first," he said, expressing optimism for Iraq’s future role on the global stage.

WE SHOULD REMAIN VERY ALERT TO THIS MONDAY BY TEXAS SNAKE, 28 SEPT

 Texas Snake

SEPT 27

In discussion with several folks this evening all appear to conclude we should remain very alert to this Monday.

Much of this a result from the speech by the PM at the UN today.

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THE redemption appointments could possibly start on Tues. 1 Oct. 2024 WOW @DINARREVALUATION YOUTUBE CHANNEL..

Lebanon and Gaza crises unlikely to impact oil prices, say experts, 28 SEPT

 Shafaq News/ Ongoing conflicts in Lebanon and Gaza are not expected to affect global oil prices, according to experts, citing political rather than economic factors behind recent market movements.

Iraqi lawmaker Jamal Coujar, a member of Iraq’s parliamentary finance committee, told Shafaq News that oil prices are more influenced by broader international issues than by the current situations in Lebanon or Gaza. "Neither Lebanon nor Gaza are oil-producing or industrial countries, so their events do not have an impact on oil prices," he said, adding that the war in Ukraine, particularly if countries like Iran or Iraq become involved, would be a far more significant factor.

Coujar also pointed to a global economic recession as another key factor in shaping oil prices.

Oil expert Hamza Al-Jawahiri, a prominent oil expert, echoed this sentiment, "The drop in oil prices is more politically driven than economic," he told Shafaq News. 

“Despite factors such as the conflict in Gaza and Lebanon, as well as a hurricane affecting production in the US Gulf of Mexico, oil prices have not spiked. The only plausible explanation is that political reasons are behind the lack of price increases."

Oil markets have seen weekly losses, with Brent crude falling by 3.3% and West Texas Intermediate dropping by 3.9%, amid investor concerns over potential production increases from Libya and the OPEC+ alliance.

JUDY NOTES, 28 SEPT

Global Currency Reset:

Judy Note: What we think we know about the GCR and your Quantum Account:

• Iraq went international with their new dinar rate on Thurs. 26 Sept. 2024.

• There were 209 countries whose 197 currency rates would be revalued up or down on Tues. 1 Oct. 2024.

• Tier4b (us, the Internet Group) was expected to receive notification to set exchange appointments on Mon. 30 Sept. The information will be sent to your email address, be posted on various Dinar websites and published in this Update Report.

• Those redemption appointments could possibly start on Tues. 1 Oct. 2024.

• Those in Tier4b would need to exchange at a certified Redemption Center in the next few days after  Tues. 1 Oct. in order to receive the higher exchange rates. If you exchanged at a bank you would receive much lower rates.

• If you have a medical condition or a problem going into a Redemption Center to exchange, tell it to the person accepting your call at the Call Center and they would work it out for you. Most have up to 40 days to exchange at the higher rates.

• All bank accounts have been mirrored onto the new Quantum Financial Center in your personal Quantum Account. In order to access your account you need to set up access to it at a Redemption Center.

• R&R allowances are already deposited in your Quantum Account.

• You will be given a Quantum Account Card at the Redemption Center. You use that card to transfer your monies into an account at a bank.

• Active Military on Military Bases will be able to exchange their Dinar and Afghani over the weekend. They have already received notification they will do that.

IRAQI DINAR REVALUATION LATEST UPDATES OF IRAQ BOOTS ON THE GROUNDS REP...

Iraq opens doors to US oil partnerships, aiming for gas self-sufficiency by 2028, 28 SEPT

 Shafaq News/ On Thursday, Iraqi Prime Minister Mohammed Shia Al-Sudani expressed the country's readiness to partner with American companies in the oil industry.

This declaration was made during a dialogue session in New York, hosted by the American Chamber of Commerce and Al-Monitor, attended by investors, business leaders, representatives from American companies, and the Iraq-US Business Council.

During the session, Al-Sudani highlighted the government's initiation of several rapid projects, including a significant agreement with Total aimed at increasing oil production and utilizing associated gas at approximately 600 million standard cubic feet. He noted, “We have launched supplements for the fifth and sixth licensing rounds, which have resulted in contracts for oil production and gas investment.”

Al-Sudani projected that Iraq would achieve self-sufficiency in gas by 2028, alongside the activation of oil derivative projects, such as the strategic Karbala refinery, which has a production capacity of 140,000 barrels per day. He also mentioned the rehabilitation of the Baiji refinery, which was completely destroyed during the battles to liberate the area, stating, “This refinery has a production capacity of 150,000 barrels per day.” 

Furthermore, the Prime Minister announced, “We have ended petroleum derivatives imports and will stop importing gasoline at the beginning of next year after completing the FCC project in Basra.” He emphasized Iraq's vision to transform 40% of exported oil into downstream industries, which he believes will provide greater benefits than selling crude oil.

Turning to the banking sector, Al-Sudani remarked that development cannot be achieved without “a solid banking system” adhering to international standards. He noted that “95% of financial transfers in Iraqi trade are conducted through trusted banks.” He confirmed the currency sale window will close at the end of 2024 and highlighted that “the Anti-Money Laundering Office at the Central Bank is functioning effectively.”

Al-Sudani stated, “The government has contracted Ernst & Young to reform the state banking sector, boosting citizens' trust in banks and expanding financial inclusion.”

He affirmed the independence of the Central Bank, asserting, “It enjoys full independence and exercises its authority with complete professionalism,” and expressed plans to establish a new bank using the latest technologies.

Finally, Al-Sudani extended an invitation to all companies engaged in electronic payments to operate in Iraq, assuring them of all necessary facilitation. 

“We have developed a plan to improve infrastructure with allocations of up to $83 billion,” he concluded.