Militia Man
Article: "World Trade Organization in Geneva 2024 was held on July 18th."
That's just a few months ago...
Quote: "The significance of this is it marked the formal resumption of Iraq's accession process to the WTO after a 6-year hiatus."
They have intensified the bilateral negotiations for the accession...There's a push now and they will need to be an internationally accepted currency in place ahead of the accession.
Issuance of the first national card outside Iraq
The Ministry of Interior announced the issuance of the first national card outside Iraq.
The ministry said in a statement received by {Euphrates News} a copy of it that "in a step that is considered the first in the history of the Iraqi Ministry of Interior, the first national card was issued at the Embassy of the Republic of Iraq in the British capital, London, after a special office was opened to issue national cards there."
He added, "It is hoped that the Ministry of Interior will open a number of national card issuance offices in a number of countries in succession to provide the best services to Iraqis residing outside the country." link
Mnt Goat
Article: "IRAQ EXPORTS MORE THAN 54 MILLION BARRELS OF OIL AND ITS DERIVATIVES TO
AMERICA" ...the best part is that Iraq is now refining their own oil and selling not only raw crude oil exports but now running refineries to generate oil products (or derivatives) and exporting them too.STATUS OF THE RV
So, finally we get word that Iraq has met all it requirements to join the World Trade Organization (WTO). Please go read the news on this topic under the article titled “THE GOVERNMENT COMPLETES THE FILE TO JOIN “WTO”.
Now the arguments and rumors begin to fly in the dinar intel community from all the gurus and also from my blog readers. Why is this? I have already settled this issue as to whether Iraq needs a currency or not to join the WTO. Why do you still question it?
MarkZ
[via PDK]
Let’s start with this one from the WTO: “Congratulations to 23 participants (Iraq being one of those) for completing WTO ascension training and market access negotiations on goods”
This tells us Iraq is preparing for that ascension. I continue to hear out of Iraq that they hope for that announcement this week.
In Numbers.. The 2024 Budget And The Rate Of Iraqi Oil Sales
Time: 2024/10/14 08:02:11 Read: 1,326 times {Economic: Al Furat News} The Prime Minister’s advisor for financial affairs, Mazhar Muhammad Salih, stated that the 2024 budget, which entered into force, had a “precautionary deficit” of about 64 trillion dinars.
Saleh said in a press statement that the average Iraqi oil sales for 2024 are estimated at no less than $75 per barrel, noting that the general financial need for {bridge loans} (which are short-term loans) to address the possibility of a deficit may not exceed 10 trillion dinars in all cases, which are borrowing amounts permitted under Law No. 13.
The financial advisor added that the country's {financial life} in 2024 is proceeding smoothly, wondering, otherwise how did the Ministry of Finance issue 2024 in cooperation with the Central Bank of Iraq {Achievement Bonds} for public subscription?
Saleh explained that these bonds are denominated in Iraqi dinars and come in multiple categories, including a category of 500,000 Iraqi dinars for two years with an annual return of 6.5%, indicating that these bonds are a safe investment, as the government is committed to paying annual interest on them, and they are an integral part of bridging the deficit in the general budget for the year 2024, which means that they will come into effect. LINK
ERBIL — The US Federal Aviation Administration (FAA) on Tuesday extended restrictions on US commercial flights over Iraq for an addition...