Mr. Sistani Receives The Representative Of The Secretary-General Of The United Nations
, Mohammed al-Hassan.Today, Thursday, the Grand Ayatollah Sayyid Ali al-Sistani received the representative of the Secretary-General of the United Nations
The correspondent of the Iraqi News Agency (INA) said: "The Supreme Authority, Sayyid Ali al-Sistani, received today the representative of the Secretary-General of the United Nations, Muhammad al-Hassan, and his accompanying delegation."
Walkingstick
There will be purchasing power. Article 12 means no restrictions.
No sanctions. No auctions. All those equals no three zero notes. There's only one way for this to turn out..
The auctions...were the reason why the purchasing power of Iraq's currency was being bled out of the country and out of the hand of the citizens.
Those auctions needed to be stopped, changed and eventually metamorphosed into an auction that is usable with foreign currency and the Iraqi dinar in their country. They've accomplished all of this...
The Iraqi parliament ended this year’s session without finalizing a deal with the semi-autonomous region of Kurdistan for the exports of crude oil from the northern region.
According to local media, the deal was to be debated last Thursday, along with several other topics, but since then no update regarding any decision on the deal has been issued, suggesting the Iraqi parliament has delayed the final decision on the deal for January when the new parliamentary session will begin.
One report by Shafaq said that the topic of Kurdish oil exports had led to a deadlock among members of parliament who could not reach an agreement about the compensation that Baghdad would owe the Kurdish government for the costs of producing and transporting the oil. The difference of opinion prompted the Kurdish parliamentarians to withdraw from the discussion, effectively ending it.
One of the Kurdish members of parliament told Shafaq that the disagreement centered on the cost of oil extraction in Kurdistan. He also said that to settle the matter, “a specialized international company would visit the KRG's oil fields to assess the cost of oil extraction, in line with the budget law amendment and a political agreement between the two sides.”
Deliveries of Kurdish crude oil have been suspended for over a year amid a dispute between the central government in Baghdad and Turkey over who had the power to authorize these deliveries. The impasse followed an International Chamber of Commerce ruling in March 2023. The ICC ruled in favor of Iraq, which had argued that Turkey should not allow Kurdish oil exports via the Iraq-Turkey pipeline and the Turkish port of Ceyhan without approval from the federal government of Iraq.
The ruling had an impact on international oil companies operating in Kurdistan, which suspended operations until they had clarity on any changes in their terms of operation in the region. There was also a dispute between the government in Baghdad and the one in Erbil over these oil deliveries and who gets to keep the money from their sales on international markets. Most of these have been settled but the deal has yet to be finalized.
IRAQ UPDATE
Iraq is poised for significant change as Trump’s focus shifts to its security and economic potential, with Sudani planning a new exchange rate to stabilize the economy.
MarkZ
[via PDK] in Iraq: “Central Bank governor opening foreign channels to foreign currencies eliminates the black market” they are talking about partnering with neighboring countries and carry more of a “basket of currencies” so they do not need the US dollar for trade.
Including Jordan, Saudi Arabia, and different countries around them.
They want to split the value of the Iraqi dinar based on gold, oil, reserves and a basket of partnering currencies. This should mean a much higher value for the Iraqi dinar. They are making “real world moves” to support the value of their currency.
