DINAR REVALUATION

Sunday, January 5, 2025

FIREFLY: New Money Exchange Centers! WE WILL MUST RETURN THE 3 ZEROS NOTES! #iqd #iraqidinar

"Oil and Gas Law" resolves pending issues between Baghdad and Erbil 5 JAN

"Oil and Gas Law" resolves pending issues between Baghdad and Erbil

1/4/2025

Oil and Gas Committee in the Iraqi Parliament considered, on Saturday, that the agreement on the draft "Oil and Gas Law" and sending it from the government to the parliament will contribute to resolving many of the pending issues between Baghdad and Erbil.

Committee member Bassem Al-Gharibawi told Shafak News Agency, "Agreeing on the draft oil and gas law and approving it in the Council of Ministers and then sending it to Parliament will contribute to resolving many of the outstanding problems between the federal and regional governments."

According to Al-Gharibawi, the government had previously formed a committee headed by the Deputy Prime Minister for Energy Affairs, the Deputy Prime Minister for Economic Affairs, and the Iraqi SOMO Company to negotiate with the regional government regarding amending the disputed articles and preparing a final version of the oil and gas law.

He added, "The Parliamentary Oil Committee hosted a number of officials from the Ministry of Oil during the previous legislative session, and discussed the formulas and articles that require amendment to the Oil and Gas Law."

Last week, Iraqi economic expert, Nabil Al-Marsoumi, revealed that 9 foreign companies were demanding compensation amounting to 24 billion dollars resulting from the halt in oil exports after the Iraqi judiciary rejected the appeal of the Iraqi Ministry of Oil to cancel these companies’ contracts with the Kurdistan Region.

The Karkh Court of Appeal rejected an appeal submitted by the Iraqi Ministry of Oil and overturned previous rulings that declared the contracts of foreign companies with the Kurdistan Region invalid .

According to the court, contracts are considered “valid,” enforceable, and binding on both parties, and no party outside the contract has the right to object to them, even if they are based on a legal basis that the Federal Supreme Court in Iraq deemed unconstitutional in February 2022 .

The court explained in the reasons on which it relied that the decision of the Federal Supreme Court issued in February 2022 cannot be applied to contracts concluded before its issuance, in accordance with a general principle in Iraqi civil law. LINK

GOLDILOCKS UPDATE, 5 JAN

GOLDILOCKS

As we move into 2025, people with money are the type of people banks will be looking for as clients.

It is important to keep in mind that an ego left unchecked will not be able to enter into some of the most important investments possible inside a banking system. You will be overlooked.

If we go into a banking relationship with our wealth managers knowing it is a partnership capable of making both parties succeed, it is an attitude that is welcomed and able to be worked with inside a banking system.

There are so many new opportunities for growth going forward inside of the new digital banking system. Take your time looking at your opportunities and find the ones that you want to invest your mind and your money into going forward.

"You have to be invested in your money, or your money will not be invested in you."

BROTHERS TECHNOLOGY: Iraq Banks are online and the world will witness an economic shift by 1/20/25.

The Iraqi government succeeds in recovering 50 billion dinars from the corrupt during 2024, 5 JAN

The Iraqi government succeeds in recovering 50 billion dinars from the corrupt during 2024

1/4/2025 Baghdad

The Parliamentary Integrity Committee confirmed, today, Saturday, that the government succeeded in recovering 50 billion dinars from the corrupt during the past year, while indicating that Prime Minister Mohammed Shia Al-Sudani played a prominent role in reducing corruption files.

Committee member MP Alia Nassif said: "Al-Sudani and the Integrity Commission had an effective impact in reducing the aggravation of these files and prosecuting those involved in them," noting that "the government also succeeded in recovering about 50 billion dinars from those involved in corruption files in the Deal of the Century, in addition to the Director General of Refineries and the Assistant Director of Investment during the year 2024."

Nassif pointed out that "the anti-corruption operations also included pursuing those involved in real estate fraud files," noting that "most ministries and governorates formed sub-committees to stop the waste of public money." LINK

BROTHERS TECHNOLOGY: Iraq Banks are online and that the world will witness an economic shift for the better by 1/20/25., 5 JAN

BROTHERS TECHNOLOGY

I spoke with my registering agent/ financial advisor and he shared parts of his conversation he had with an international Banker concerning an endeavor they're working together on.

He mentioned to me that the international banker confirmed Iraq Banks are online and that the world will witness an economic shift for the better by 1/20/25.....

2:09 am - 5 Jan 2025 ·