It's almost celebration time for the Prime Minister who ordered Parliament to proceed with the budget amendment and my brother Majid aka Dr. Chat Gpt shows that he has the green light.
As you see, the banks are ready to go. And so do we. Oil reform is complete and get ready.
Iraq is ready for takeoff, citizens. Prepare for your surprise. Any time from this moment...
Gpt, purpose of the acronym. This is amazing.
And Iraq's central bank trains employees in these certifications in preparation for global currency markets and the internationalization of Iraq's banking system.
Where Did The Amendment Of The Budget Items Related To Oil Exports In The Kurdistan Region Stand?
|Source: Sumerian News – Politics Reported Committee The Oil and Gas Parliamentary Committee, in support of addressing the situation in the Kurdistan Region’s oil fields, demanded that the fields be subject to an international consulting company either affiliated with the Federal Ministry of Oil, or has a relationship with it.
He said Deputy Chairman of the Committee Adnan Al-Jaberi said, "The committee is in favor of addressing the situation in the Kurdistan Region's oil fields, because the country needs the quantities produced there, in addition to arranging the relationship between the region and the federal government."
He explained that the proposed amendment stipulated that compensation for companies operating in the Kurdistan Region would be determined by an international consulting company specializing in evaluating each field and its production costs, so we are in favor of addressing this situation.
Pointing we have no comments other than that the region's fields should be subject to an oil company either affiliated with the federal Ministry of Oil or related to it, in order to organize work in a more professional and transparent manner, and the status of the region's oil will be like the status of oil in other Iraqi governorates.
It is noteworthy that the parliamentary finance committee is close to preparing the final report to amend the budget items related to oil exports in the Kurdistan Region, after answering the questions it posed to officials in the Ministry of Oil.
A statement issued by the media department of the House of Representatives stated that the parliamentary finance committee, headed by Atwan Al-Atwan, and in the presence of its members and a number of members of other parliamentary committees, hosted last week the Undersecretary of the Ministry of Oil for Extraction Affairs, the Director General of the Legal Department, the Director General of the Economic Department, and the Director General of the State Oil Marketing Company (SOMO), to discuss amending the general budget items related to oil exports by the region.
The statement added that Al-Atwani pointed out the importance of the meeting and the need to invest it in the best possible way to confront any potential changes in oil prices, stressing the importance of amending the item related to oil exports in the budget to address contracts related to production costs.
The committee raised a number of questions about the basic standards related to production costs, in addition to the payment of financial allocations, and the extent of commitment to contract terms, while emphasizing the formulation of amendments that achieve justice in the distribution of resources, through data analysis and adapting contracts in line with national requirements. LINK
Sun. 8 Dec. 2024 Jon Dowling The attack yesterday in Syria with the removal of Assad is a major event! It allows for easier removal of c********n in Iraq. We’re just awaiting the gazette to publish the approval of the HCL Gas law.
They have a deadline of the tenth, so victory is coming for us shortly. XRP will be the massive abridgment for all the currencies in BRICS to reset at lighting fast speed. Make sure to watch 60 minutes tonight, as they’re doing a key expose on ripple with Brad Garlinghouse.
They’re basically announcing to the world that XRPs breakout is upon us, along with everything else attached to it. Finally, the meeting President Trump had yesterday in Paris was highly significant. The bells were ringing of freedom and resetting the frequency that will help heal people going forward. When you know you know.
AL-Nusairi Calls On The Media To Be Patriotic, Transparent And Supportive Of The National Economy
Money and business Economy News – Baghdad Economic and banking advisor Samir Al-Nusairi called for economic media to be national, specialized, accurate, honest and transparent in diagnosing economic problems and imbalances, and to be a real and supportive contributor in proposing solutions and treatments to the supervisory and regulatory government bodies, and not to be a media that is satisfied with directing criticism and accusations without relying on accurate and transparent sources and information.
Al-Nusairi pointed out that the economic analysis of those called analysts or experts should be realistic and committed to reaching accurate information from reliable sources so that the government and its economic institutions can benefit from it for the purposes of diagnosis, treatment and accountability.
Al-Nusairi warned against some non-economic media (or non-specialized media) that have recently promoted and analyzed incorrect news that is tainted with lack of credibility and fallacies in transmitting and analyzing the news according to specific visions,
intentionally or unintentionally, that harm the course of economic, financial and banking reform, disrupt the movement of monetary and commodity trading in the local market, and hinder the efforts of the government and the Central Bank in achieving the goals set to achieve the desired reform steps,
stressing that the non-committed media contributes to adding another problem that affects the nerve of the Iraqi economy in addition to the challenges that the country and the region are currently suffering from, which is creating a state of economic instability and fluctuations in the exchange rate of the US dollar against the Iraqi dinar and the rise in the prices of basic and necessary goods and materials such as food and medicine.
He pointed out that it is necessary here for media workers in all its fields and analysts who roam satellite channels and lack experience and intent to realize that specialized economic media has an important and fundamental role in creating economic stability and goes beyond that to contributing to economic reform and enabling and assisting the concerned state agencies and institutions to control economic problems and spread economic culture and avoid failure cases because economic media must be national economic media in word and meaning.
Al-Nusairi explained that media and economy are in a multi-faceted and permanently related partnership, and they are on the same front to face the challenges they face together, and if we assume that the economy can create successful media, then it is certain that the media can also create a successful economy, and this is what results in the success of the media institution if it has specialized economic leaders who are aware of the role of national media.
Iraq's experience in this field is considered modern, as the economy needs support and assistance in promotion, analysis, planning and support in order to deliver a distinguished media message to the audience, whether through the press, television, radio, or modern media and communication channels.
Al-Nusairi concluded by saying:
“Therefore, the economic media that can deliver a purposeful message and serve the economy and economic institutions is the one that attracts an important segment of society. It will remain and continue and achieve the strategic goals of supporting the national economy and developing the work of productive, financial and banking institutions.
The economic media must undertake positive participation in the process of development and economic reform by presenting an image of the nature of the future trends of the economy and identifying economic and development activities and events and available energies and encouraging and stimulating the economy and investment.”
Judy Note: WARNING Scammers are everywhere. It is my understanding that:
(1) If you don’t presently physically hold currency or bonds, you don’t own them. Do not give your bonds or currency to anyone else to redeem. You are the only one who can exchange and redeem them. If you have a problem in doing that, ask the person you talk to when you set your appointment to help work out the problem.
(2) Do not exchange your currency at a bank. They will not give you the higher rates, nor the Contract Rates that a Redemption Center was authorized to give you.
(3) The Zim can only be redeemed at a Redemption Center, not at a bank.
(4) Some Redemption Centers are located in private banks, but make sure it is a Redemption Center where you do your business.
Fri. 6 Dec. 2024 TNT Intel Summary: Bank meetings today to discuss final aspects of RV. Three Letter Agencies say “IT’S DONE.” US and Canada started paying VIPs on Wed. 4 Dec, Thurs. 5 Dec, and today Fri. 6 Dec. The Iraqi Dinar being paid right now at $3.49 in-country.