AJ : Here we go again!!, 22 JAN

 AJ

Here we go again.

Quote

Zoom News

@zoomnewskrd

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2h

Footage shows some Shiite lawmakers voicing opposition after the Iraqi House of Representatives approved three key bills, deeming the approval unlawful and invalid, and calling on the Iraqi Parliament Speaker to resign. : Akam Fahmi/ Zoom News

12:52 PM · Jan 21, 2025

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And some of you think that the CBI would give these people the new rate. lol

MARKZ: CMKX & OMEGA INTEL ‪@DINARREVALUATION‬ #iraqidinar #iraqidinarinvestor

 

Iraqi Parliament passes laws amid uproar over voting procedure, 22 JAN

 Iraqi Parliament passes laws amid uproar over voting procedure

Shafaq News/ On Tuesday, Iraqi lawmakers approved three controversial laws, Property Restitution, Personal Status, and General Amnesty, following months of political disputes. 

The media office of the Iraqi Parliament issued a statement confirming that MPs voted on the proposed amendments to the Personal Status Law No. 188 of 1959, the bill on returning properties confiscated by the dissolved Revolutionary Command Council, and the second amendment to the General Amnesty Law No. 27 of 2016.

A parliamentary source revealed that chaos erupted in the Iraqi Parliament in response to the controversial mechanism used to pass key legislation. 

The source told Shafaq News that several lawmakers expressed their disapproval over the voting process for three contentious bills, revealing that "half of the MPs present in the session abstained from voting, causing the legal quorum to be broken."

He also noted that some MPs staged protests during the session, with a few even ascending the parliamentary podium. 

MP Noor Nafi later posted on X that the laws were passed "without a vote," criticizing the process. She added, "The parliament passed the Personal Status Law amendment and the General Amnesty Law. MPs did not raise their hands in approval, yet the laws were still approved." 

She further claimed that "members of the presidency and some MPs left the hall due to these absurdities," as she described them.

A video shared with Shafaq News showed a group of MPs collecting signatures to remove Parliament Speaker Mahmoud Al-Mashhadani over the controversial voting method used for the three bills.

Overview of the Controversial Laws

The draft Property Restitution Law, which addresses properties affected by decisions from the dissolved Revolutionary Command Council, has become a focal point in Iraq’s political landscape. Kurdish MPs and officials argue that the law aims to return properties to their original Kurdish and Turkmen owners, confiscated under eight decisions made by the Council between 1975 and 1979. These decisions were intended to enforce demographic changes in disputed areas.

The proposed amendments to the Iraqi Personal Status Law No. 188 of 1959, a long-standing demand of Shiite factions, have ignited heated debates within Parliament and among civil society organizations. The proposed changes cover a wide range of issues, including marriage, divorce, inheritance, and child custody.

Meanwhile, Sunni parliamentary and political forces continue to push for the passage of the General Amnesty Law, a proposal that has faced opposition from Shiite factions due to concerns over the potential release of detainees linked to terrorism charges.

TIDBIT FROM MILITIAMAN, 22 JAN

 Militia Man 

 Article: "The Kuwaiti dinar currently is the strongest currency in the world... 31 Kuwaiti dinars for every US dollar." 

 If you do the math it turns out to be about $3.22... Quote "It's worth noting Kuwait has about 7% of the world's oil reserves which greatly supports the value of the currency...

According to 2023 data Iraq has significantly more oil reserves than Kuwait with Iraq holding approximately 145 billion barrels of oil compared to Kuwait's 101.5 billion..."

  Iraq has 43% more oil than Kuwait. [Kuwait's] currency is strongest in the world...Iraq has the ability to be at least 43% more valuable based off oil, let alone their non-oil revenues...Pretty exciting times!

JEFF: We're all going to have 90 days to turn in our notes !! ‪@DINARREVALUATION‬ #iraqidinarinvestor

 

Parliament Speaker: Today's votes restore rights and boost civil peace, 22 JAN

 Parliament Speaker: Today's votes restore rights and boost civil peace

Shafaq News/ Iraqi Parliament Speaker, Mohamoud Al-Mashhadani, assured, on Tuesday, that the General Amnesty Law was enacted "in cooperation with all political blocs and components." Meanwhile, Deputy Speaker Shakhwan Abdullah noted that the approval of the Property Restitution Law would contribute to strengthening civil peace and restoring rights to their rightful owners.

In a press conference, Al-Mashhadani stated that "the Parliament voted today on important laws, including the General Amnesty Law, aimed at the community suffering from injustice, in cooperation with Shiite MPs."

He added that "the enactment of the Amnesty Law was done with the cooperation of all political blocs and components, and the law will provide justice to the wronged and ensure their rights."

Meanwhile, during a separate press conference attended by leaders of Kurdish blocs and several political leaders and MPs, Deputy Speaker Shakhwan Abdullah congratulated the passing of the Property Restitution Law, which covers properties affected by some decisions of the Revolutionary Command Council.

The Iraqi Parliament witnessed chaos during today's session as several lawmakers objected to the voting mechanism for three "controversial" bills, leading to the legal quorum being broken.

Some MPs ascended onto the parliamentary podium, while MP Noor Nafi posted that the laws were passed "without a vote."

The laws voted on include amendments to the Personal Status Law, the Property Restitution Law, and the second amendment to the General Amnesty Law.

IRAQ STATUS Highlights, 22 JAN

 IRAQ STATUS Highlights

• 📉 : Discussions around changing the exchange rate and the possibility of a currency basket indicate a significant shift in Iraq’s economic strategy. The anticipation of a revaluation suggests that the CBI is preparing for a more competitive monetary stance, which could positively impact the Dinar’s value against major currencies like the US dollar and Euro.

• 🏦 Gold Reserves as Economic Strength: The dramatic increase in Iraq’s gold reserves strengthens the country’s economic position and provides a buffer against currency fluctuations. With gold being a traditional safe-haven asset, this increase signals potential financial stability and can enhance investor confidence in the Iraqi economy.

• ⚖️ Comparative Economic Analysis: The comparison between Iraq’s oil reserves and those of Kuwait, alongside the mention of non-oil revenues, underscores Iraq’s potential for economic growth. It highlights that despite political and economic challenges, Iraq possesses the natural resources and capabilities to develop a robust and competitive currency.

• 🔔 Market Speculation and Future Trends: The mention of “crazy rates” and the excitement about upcoming changes in the currency market reflects a climate of speculation among investors and currency traders. This environment can lead to volatility, but it also points to the possibility of significant opportunities for those engaged in currency exchange or investment in Iraqi assets.