MZ: We do have some interesting news for those willing to sharpen their pencils and think. “ Economic Researcher: The Iraqi budget enters the danger phase”
Mark goes into a lengthy discussion on this very long article….and speaks very fast. If you wish to hear this description of the article be sure to listen to the video.
MZ: This article is telling us we are about to see an exponential change.
Member: This is Petra, part of MM&Crew...Iraq has been removing currency and destroying it for years so IOO, there is much less than 100T. Let's say there is 50T...now drop 3 zero's...that's 50B. Totally within their ability to defend their currency at a higher rate!!
Shafaq News/ The Iraqi Legal Parliamentary Committee expressed, on Saturday, its rejection of any American and European interference in the Council’s functions regarding the amendment of the Personal Status Law.
“The committee rejects international statements and interference in the function of the parliament and the legislation, and neither the European Union nor the US or any other countries have the right to interfere in Iraqi affairs,” committee member Aref al-Hamami told Shafaq News Agency.
Al-Hamami explained that “the Parliament will not listen to such voices, and it is moving forward with its work. The amendment of the Personal Status Law will be on the agenda of the next session of the council.”
“The parliamentary legal committee has considered the input from political blocs and members of parliament, and the amendment to the Personal Status Law is now ready for a vote, set to be included in the agenda of the upcoming Council session,” he pointed out.
European Parliament
According to an official statement, European lawmakers warned of the consequences of the recent proposal, which they argue violates Iraq’s international obligations regarding fundamental women’s rights.
The members commended the Iraqi women, including female parliamentarians, as well as NGOs, activists, and civil society members, who have spoken out against the proposal, fighting to preserve one of the region’s most progressive laws.
They noted that the penal code currently does not legally protect women and children who are victims of domestic violence in Iraq. The proposed amendments to the Personal Status Law, if passed, would result in a "more radical" implementation of the law.
In a resolution passed on Thursday, the European Parliament urged Iraq to adopt a national action plan to eliminate child marriage, criminalize marital rape, combat domestic violence, and enhance the rights of women and girls in line with the UN Convention on the Elimination of All Forms of Discrimination Against Women (CEDAW).
The European Parliament also called on the EU delegation in Iraq to "make development grants conditional on judicial training related to sexual violence and the establishment of shelters for women" and urged EU member states to increase their support for women’s and children's rights defenders in the country.
Background
The first reading of the bill occurred on August 4, 2024. Similar amendments were introduced in 2014 and 2017 but failed to pass due to widespread public opposition. On September 3, 2024, Iraq’s parliament attempted a second reading of the draft bill, but a boycott campaign by opposing MPs successfully broke the quorum.
Despite these efforts, the second reading went ahead on September 16, with women MPs and other opponents expressing concerns that none of their recommendations had been incorporated, nor had a revised draft been shared. The following day, on September 17, the Iraqi Federal Supreme Court ruled that the amendments were in line with Iraq’sconstitution.
“Gold in Iraq: A promising future for mining” this article is from 2015 but tells us how much gold they have in the ground etc.
I had the privilege of talking with someone in the industry dealing with equipment…they have started moving a lot of gold mining equipment to Iraq.
Iraq’s gold mining industry is starting to explode. They know they have a tremendous amount of gold and rare earth minerals there. As a Matter of fact experts over there say they may actually eclipse their oil revenues.
We do have some interesting news...
Article: “Economic Researcher: The Iraqi budget enters the danger phase” This article is telling us we are about to see an exponential change.
Salah Nouri, a former Director of the Financial Supervision Bureau, confirmed on Saturday that the Ministry of Finance’s re-adjustment of the 2025 budget schedules will be significantly impacted by developments in the global economic situation and military operations.
“The budget schedules are still with the executive authority (the government), and it is expected to be sent to the House of Representatives during the remainder of this October,” he continued in his statement.
Nouri provided the following explanation: “In accordance with Financial Management Law No. (), the House of Representatives must approve the budget before the end of December 2024″ 6) of 2019.”
Articles...makes it very clear what they're doing - adding value by lifting the 3 zeros. It's right there. It's from the Prime Minister. It's from Alaq the governor of the CBI word for word.
Anybody that tell you it's a scam, educate them because this is not Bigfoot. This is not a UFO. This is not Lock Ness. This is a reality...happening right before our eyes.
Community comment: "I believe it will RV before the time they gave."
The revaluation actually started in 2012... Revaluation is to revalue the currency...This is not to revalue the currency, they're going to reinstate it. It was $3.22 when it was brought down...
Because of inflation do you think $3.22 would be fair over 20 years later?
No I don't think so. Therefore the exchange rate is not going to 1000 is it? It's saying at 1320/1310. When they lift the three zeros that's be a little over a dollar for the citizens. Now that's fair.
