Pimpy
What we're doing is crossing our fingers and hoping Iraq changes the exchange rate while the three zeros are still on the currency.
If they remove those zeros those millions of dollars you thought you were going get, you're not going to get.
Saturday, March 8, 2025
Parliamentary Oil excludes the passage of the oil and gas law during the current session, 8 MARCH
Parliamentary Oil excludes the passage of the oil and gas law during the current session
Economy News _ Baghdad
The Parliamentary Oil and Gas Committee confirmed on Friday that there are differences over the management of resources, which led to obstructing the passage of the oil and gas law, while ruling out its passage in the current electoral cycle.
A member of the Parliamentary Oil and Gas Committee, Namem Ngmesh Al-Gharibawi, said in an interview with the Iraqi News Agency followed by “Economy News”, that “the oil and gas law has been a requirement since 2007, but attempts to legislate it failed due to political differences and incompatibility with the Kurdistan Region.”
He explained that “the law was part of the current ministerial platform, and was supposed to be legisted during this parliamentary session, where committees were formed since 2023 to discuss it, and two drafts were put forward: the first from the federal government and the second from the region,
and joint committees were formed to hold meetings between the two parties.”
He pointed out that “most of the technical issues were consensus, but the differences focused on administrative aspects, powers, and the representation of the region and governorates in the Federal Oil Council, in addition to how to manage and distribute resources, as well as past and current rights.”
He pointed out that “the Parliamentary Oil Committee conducted intensive moves with the leaders of the political blocs to clarify the importance of legislating the law, as it regulates the oil wealth that fully finances the state, and contributes to resolving the differences between the federal government and the region, which contributes to achieving political and economic stability.”
He added that “the most prominent point in the dispute between Baghdad and Erbil is related to oil resources and the region’s commitment to the decisions issued by the Federal Court and the International Court,” pointing out that “this law is one of the laws that complement the Constitution.”
Despite all attempts, Al-Gharibawi stressed that “the committees formed were unable to reach a political consensus, which makes the passage of the law during this electoral cycle unexpected.”
GOLDILOCKS: BREAKING NEWS: Wealth Managers Signing Contracts - Getting People Ready for The RV, 8 MARCH
GOLDILOCKS: BREAKING NEWS: Wealth Managers Signing Contracts - Getting People Ready for The RV
Highlights
Summary
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The discussion highlights personal anecdotes from community members who have successfully interacted with their wealth management teams, emphasizing proactive engagement rather than waiting until wealth is acquired.
The host elaborates on the multifaceted benefits of forming these relationships, including the establishment of trust and understanding between clients and wealth managers, which is vital for effective wealth management. Key concepts like healthy financial habits, self-worth, and proactive investment strategies are explored, reinforcing the idea that individuals must take charge of their financial destinies. The video concludes with a call to action for viewers to begin forming connections with wealth managers immediately, as doing so prepares them for the significant wealth that may come their way.
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- 🗝️ Eight Steps to Success: The video outlines eight steps for establishing beneficial relationships with banks and wealth managers.
Key Insights
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US Treasury threatens Iran with bankruptcy, 8 MARCH
US Treasury threatens Iran with bankruptcy
Baghdad – Mil
US Treasury Secretary Scott Bescent said on Thursday that the sanctions imposed by US President Donald Trump on Iran “aim to close its oil industry and the collapse of its already struggling economy.”
Besent added in statements to the Economic Club in New York that “America imposes strong sanctions on Iran to achieve “the maximum immediate impact.”
“Trump’s goal of his sanctions is to reduce Iran’s oil exports of 1.5 million barrels per day to their lowest level,” he added , according to Western media.
“We will close the Iranian oil sector and drone manufacturing capabilities,” US Treasury Secretary Scott Besnet said, adding that the Trump administration also intends to cut off Tehran’s access to the international financial system.
“Making Iran bankrupt again will be the beginning of our updated sanctions policy,” he continued, continuing: “If I were Iranian, I would have got all my money from the Iranian rial now.”
AJ : The CBI’s call on December 29, 2024, to give category (C) currency brokers until March 31, 2025, to merge into (A) or (B) groups is a big deal— it’s a key first step toward a unified rate, 8 MARCH
AJ
GM Red, The CBI’s call on December 29, 2024, to give category (C) currency brokers until March 31, 2025, to merge into (A) or (B) groups is a big deal— it’s a key first step toward a unified rate.
It’s like tidying up the messy backyard before the big party. Those small C firms often feed the parallel market (pushing rates to 1,480/1500 IQD/USD), so merging them into bigger, regulated A and B outfits could choke off that unofficial dollar flow.
It fits right with the IMF’s advice to boost dinar trades and Saleh’s point about official channels taking over. If they pull this off by March, it could set the stage for the CBI to announce one rate across Iraq.
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🚨 Breaking: Iraq Crisis, Iran Peace & RV Window Align — Is the Global Reset Finally Here? #iqd
Read also: The Global Currency Reset Is No Longer a Theory
