Amendment of Article 12 on Kurdistan Oil without objection
MP for the State of Law parliamentary bloc, Firas Al-Maslamawi, confirmed that “the government’s request to parliament to amend Article 12 regarding the Kurdistan Region’s oil and to include it in the region’s share in the three-year budget will proceed during the next legislative session without any objection.”
Al-Maslamawi attributed the reason in a statement he read (Al-Masry - Thursday) to the existence of understandings between the central and regional governments as a result of long discussions that took place between the two sides by specialized committees.
According to him, “the amendment will ensure, for the first time, that the federal government will have control over the region’s oil, and it will also be a positive step in legislating the oil and gas law.”
He pointed out that "for the first time, the regional government handed over to the federal government the revenues of the border crossings located within the region," according to his expression.
It is noteworthy that Prime Minister Mohammed Shia Al-Sudani, during his hosting in the House of Representatives, requested that Parliament amend the article related to the costs of production and transportation of the region’s oil to address the issue of marketing oi
In this video summary, the speaker provides an impromptu update about significant developments regarding the Iraqi dinar and its digital transformation, occurring shortly before Christmas.
The speaker highlights breaking news from Iraq, specifically regarding the Central Bank of Iraq (CBI) and various articles that have been released, indicating a push towards digital banking and economic diversification through artificial intelligence (AI).
The speaker expresses a sense of urgency and excitement, emphasizing the importance of these developments for dinar holders, particularly in the U.S. The video also touches on the speaker’s personal reflections, interactions with viewers, and the significance of community and shared traditions during the holiday season.
The speaker discusses the following key updates:
Digital Transformation: The CBI is advancing a digital transformation in Iraq, which includes licensing digital banks and utilizing e-payment systems for economic activities.
Economic Growth and Diversification: There are reports of non-oil revenue growth and efforts to diversify the economy, aided by AI technology.
Redemption Centers: The existence of numerous redemption centers across the U.S. for dinar holders is highlighted, suggesting a strategic move by the CBI to facilitate currency exchanges.
Increased Spending Power: The dinar’s spending power in Iraq has reportedly expanded, reaching a new threshold, which may indicate positive economic shifts.
Community Engagement: The speaker emphasizes the importance of community and offers thanks to moderators and viewers for their support during live streams.
Personal Traditions: The speaker shares personal anecdotes about Christmas traditions and encourages viewers to reflect on their own customs.
Prayer and Hope: The speaker invites viewers to engage in prayer for the success of the economic changes in Iraq, fostering a sense of collective hope and anticipation.
Highlights
🎉 Digital Banking Revolution: The CBI’s new regulations for digital banks signify a transformative shift in Iraq’s financial landscape.
📈 Economic Diversification: The push for AI in Iraq aims to diversify revenue sources beyond oil, enhancing economic resilience.
🌍 Redemption Centers: A network of 6,000 to 7,000 redemption centers in the U.S. provides critical support for Iraqi dinar holders.
💰 Expanded Spending Power: The dinar’s increased spending power to 10 cents indicates potential economic growth and stability.
🤝 Community Spirit: The speaker expresses gratitude towards moderators and viewers, highlighting the importance of shared experiences.
🎄 Holiday Traditions: Personal reflections on new holiday traditions foster connection and shared joy among viewers.
🙏 Collective Prayer and Hope: The call for prayer emphasizes the community’s role in manifesting positive change in Iraq’s economy.
Key Insights
💳 Digital Transformation as a Catalyst: The introduction of digital banking in Iraq is expected to streamline financial transactions and enhance economic efficiency. By integrating digital payment systems, Iraq aims to modernize its economy, making it more attractive for foreign investment and improving accessibility for everyday transactions. This transition could mark a significant shift in how financial systems operate within the country, fostering greater transparency and accountability in economic activities.
📊 AI’s Role in Economic Diversification: The integration of AI into Iraq’s economic framework is a strategic move to diversify revenue sources. By leveraging advanced technologies, the government seeks to reduce dependency on oil revenues and enhance the overall productivity of various sectors. This approach not only addresses current economic vulnerabilities but also positions Iraq as a more competitive player in the global market.
💼 Strategic Positioning of Redemption Centers: The establishment of numerous redemption centers in the U.S. serves as a critical infrastructure for dinar holders. This strategic positioning ensures that individuals can easily exchange their currency, potentially increasing the dinar’s liquidity and value in the international market. The timing of these developments, particularly around the holiday season, suggests a calculated effort by the CBI to prepare for a possible currency revaluation.
📈 Signs of Economic Revival: The reported increase in the dinar’s spending power to 10 cents is a positive indicator of economic revival. This change suggests that Iraq’s economy is gaining strength and moving towards greater stability, which could attract more investment and enhance consumer confidence. Such developments are crucial for fostering a sustainable economic environment in the long term.
🌐 Community Engagement and Support: The speaker’s appreciation for the community and moderators underscores the importance of collaboration and support within the dinar holder community. This engagement not only enriches the viewing experience but also creates a sense of belonging and shared purpose among individuals navigating the complexities of currency speculation and investment.
🎉 Cultural Traditions and New Beginnings: The personal anecdotes shared by the speaker regarding holiday traditions resonate with viewers, reminding them of the significance of cultural practices and the importance of adapting to change. As individuals reflect on their traditions, they are encouraged to embrace new beginnings and foster connections with others, creating a supportive environment during the holiday season.
🙏 The Power of Collective Prayer: The call for collective prayer emphasizes the belief that communal optimism and spiritual focus can influence outcomes. By encouraging viewers to pray for positive changes in Iraq’s economy, the speaker fosters a sense of hope and unity, reinforcing the idea that individuals can play a role in shaping their realities through faith and intention.
In conclusion, the video encapsulates a moment of significant transition in Iraq’s economic landscape, characterized by digital innovation and community engagement. The speaker’s insights reflect a blend of personal experience and professional expertise, offering viewers a unique perspective on the evolving situation surrounding the Iraqi dinar and its implications for the future. As the country moves towards a more digital economy, the potential for growth and diversification presents an exciting opportunity for both domestic and international stakeholders.
National Union: Localization is the best solution and we will follow all methods
Member of the Leadership Council and head of the Sulaymaniyah Organizations Center of the Patriotic Union of Kurdistan, Ziyad Jabbar, confirmed the implementation of all the promises made to the masses of the people of Kurdistan during the election campaign, especially the issue of localizing the salaries of the region’s employees.
He said in a press conference, which Al-Masry viewed, “Localizing salaries is a demand of the region’s employees, as is the decision of the Federal Supreme Court at the same time, so the National Union supports the project.”
He added, "We see that settlement is the best solution to the salary problem, not any other project," noting that the Patriotic Union of Kurdistan has formed a committee to follow up on this issue, and we will follow all possible methods to meet the demands of the region's employees."
During his recent visit to the capital Baghdad and his meeting with the federal prime minister and senior officials, the President of the Patriotic Union of Kurdistan, Pavel Jalal Talabani, reiterated the need to solve the problem of salaries of the region’s employees in a radical manner that preserves their rights, and to keep this issue away from political conflicts and narrow partisan and personal interests
Article: "THE DOLLAR MARKET IS ON “ONE LEG”.. A NEW MECHANISM AND THE EXCHANGE RATE IS THREATENED!"
... they are just telling us that there is a process in place to change-out the dinar to the lower denominations and effect the rate as part of this process without causing havoc. A higher, sudden RV, if not done appropriately would cause havoc