FRANK26: "LOL LOL LOL...", 10 JAN

 KTFA

FRANK26: "LOL LOL LOL..."..........F26

 

A guarantor of zeroing out crises.. Parliamentary demands to legislate the oil and gas law

 

1/7/2025
 

Information / Baghdad.. 
 

The Kurdistan National Union parliamentary bloc called on the federal government, on Tuesday, to expedite and send the oil and gas law to the House of Representatives for study and approval as quickly as possible. 
The bloc's spokesperson, Susan Mansour, said in a statement to Al-Maalouma Agency,  "The enforcement of the oil and gas law is sufficient to eliminate the problems between Baghdad and Erbil," noting that "the law was very late in being included in the central government." 

She added, "The enactment of the law requires political understandings between the governments of Baghdad and Erbil to resolve the outstanding problems between the two parties."

Mansour pointed out that "there are parliamentary demands for the government to send a draft oil and gas law to the House of Representatives for study and approval in accordance with what is stipulated in the State Administration Coalition Agreement." 

 

 

LINK

 

 

TIDBIT FROM FRANK26, 10 JAN

 Frank26 

  Soon I will be receiving, god willing, thousands and thousands of locations where you will be able to exchange.

 Not the ones where you call the US Treasury, where they tell you all the banks in America where you can exchange.   Not that one. 

 The one where the CBI is releasing thousands of banks all across the world.  Those banks are going to collect the 3 zero notes...Michigan and California are the number one states. 

THE OIL & GAS BILL STANDS AS A SIGNIFICANT LEGISLATIVE MILESTONE TO IRAQ...

The birth of a new banking entity in Iraq A government consultant reveals {for the Euphrates News} details, 10 JAN

 The birth of a new banking entity in Iraq A government consultant reveals {for the Euphrates News} details

The financial adviser to Prime Minister Mahhar Mohammed Saleh revealed a study conducted by an international consulting firm, commissioned by the state, to restructure the banks of Rafidain and Al-Rashid, which constitute 85% of the country’s banking market.

Saleh told {Al-Furat News} that “bankers suffer from a historical legacy of challenges, which requires a comprehensive reform plan to reposition them within the map of effective and efficient banking.”

Saleh added that “the study aims to establish a new banking entity specialized in government banking operations, to meet the needs of the government exclusively. This entity will contribute to achieving the objectives of the unified treasury account, which is a crucial tool for regulating the cash flows of public finances.”

He pointed out that “the study focuses on assessing the legal status of bankers, including property rights, assessing assets and liabilities, and studying the requirements of a strategic partner if necessary, focusing on developing the two entities to work according to advanced financial technology that meets the requirements of the national banking market.”

He stressed that “the structural reform also aims to enhance the integration of the two banks in the national banking market and enable them to expand towards global financial markets, especially in the areas of trade and investment financing for the private sector.”

“The two potential entities will rely on modern systems in compliance, governance and risk management, with a focus on digital payments,” he added.

He concluded by saying: “The study is expected to be submitted to the higher official bodies in the coming months, within the framework of the implementation of the government’s financial and banking reform program, which aims at a comprehensive economic renaissance and building modern financial institutions.”

Earlier on Thursday, Prime Minister Mohammed Shia Al-Sudani chaired a special meeting to discuss the development of the work of government banks, in the presence of representatives of Ernst & Young Auditing and Financial Consultancy.

The Prime Minister explained that the completion rate of the project for the structuring of Rafidain Bank has reached its final stages, stressing that it will enter into force during the next few period, within the framework of a plan that has been studied and implemented according to the standards and parameters drawn.

From.. Ragheed

https://alforatnews.iq/news/ولادة-كيان-مصرفي-جديد-في-العراق-مستشار-حكومي-يكشف-للفرات-نيوز-التفاصيل

EXCERPTS FROM MARKZ, 10 JAN

EXCERPTS FROM MARKZ

Member: A friend says it could go on the 20th – and it would be a 3 day weekend.

MZ: I was told a 3 day weekend is the easiest…I do have some bond contacts now saying their funds won’t release until the 21st…after the inauguration. We will see

Member: Just thinking out loud here, is it possible to get the REER, on Sat and get paid on the 21st?

MZ: It is absolutely possible. Similar to how Kuwait did theirs….In a nutshell….Kuwait got a REER (Real Effective Exchange rate) and within 10 days we started exchanging.  

MZ: I am getting some very yo-yoish news. There are still a number of banks expecting and being prepped for a rate between now and Saturday. I hope that happens.

MZ: It is confusing though because I have a couple of bond contacts who were informed by their paymasters that they would not distribute funds until after the 21st because they do not want the credit to go to the currency administration. That is what they are hearing.

Member: That makes sense to me…..less than 2 weeks away now.

MZ: But the banking side still believes its earlier….Groups have been silent for the last day or so. I believe its very close and the yo yo news means they are still doing their best to cloud the timing

MZ: What we do know is they are doing the preparations right now to make this happen. 

Iraq's Economic Rebirth: The Dinar Revaluation Explained! @DINARREVALUATION