the Oil and Gas Law...is NOT all about oil revenue sharing to the citizens...Instead it is a law to be put in place to govern how oil in general will be managed in Iraq.
Article: “DISTRIBUTING OIL REVENUES TO IRAQIS: “ECONOMIC COLLAPSE INEVITABLE WITHIN TWO YEARS“
This controversy is escalating in Iraq over lawsuits filed by citizens demanding their share of oil revenues.
An expert has warned of the disastrous economic consequences of such demands at this time.
This revenue sharing can only happen once the economy is stable and these other sources of revenues rival the oil revenues...
Will oil profit sharing happen?
Yes, I believe it will happen... just not now...I would not place my time of concentration on this event as a trigger for the RV.
After salaries are paid, Erbil markets are crowded with shoppers before Eid al-Fitr (photos)
Erbil's markets are witnessing a brisk trade movement as Eid al-Fitr approaches. Demand for clothing, sweets, and gifts is on the rise, amid a noticeable recovery in sales, driven by several factors, most notably the start of salary distributions and commercial offers .
Ahmed Saeed, owner of a clothing store in Al-Qaysariyah Market, told Shafaq News Agency, "We are witnessing a greater turnout this year, especially after salaries were paid. Families come to buy Eid clothes, mainly for children, and there is a high demand for both traditional and modern clothing ."
As for Mohammed, a sweets shop owner, he confirms, “Demand for Klicha and oriental sweets has increased significantly. Every year, demand for sweets increases as Eid approaches, but this year there is more activity, especially since customers prefer to buy Klicha and pastries in large quantities .”
On a related note, some citizens believe that prices are relatively high. Umm Saifan, a housewife, told Shafaq News Agency, "Prices are slightly higher than last year, but we cannot ignore the children's joy of Eid. We are trying to take advantage of the offers and discounts to buy clothes for them, especially since salaries have been paid ."
For his part, Ali, a government employee, explained, "The disbursement of salaries has helped many shop more comfortably. Delays in some months of salaries have affected purchasing power, but now, with salaries being disbursed before Eid, things have become easier ."
A number of merchants confirm that "the last few days before Eid typically witness peak shopping, with some people preferring to buy their necessities at the last minute, after iftar link
Let’s go through some quick bullet points as to why. Shall we?
1. Shatters the Globalist Leash: Cutting WTO funds snaps a chain that’s tethered U.S. sovereignty to a faceless bureaucracy, freeing America to forge trade deals that don’t kneel to 164 nations’ consensus deals that prioritize its own steel, farms, and factories.
2. Starves the Paper Tiger: The WTO’s $232 million budget (2024) is a bloated hog—m 11% from U.S. pockets feeding endless debates while China skirts rules. Starving it forces a leaner, meaner system or its collapse, either way ending the charade of “fair trade” theater.
3. Unmasks Hidden Players: With the U.S. out, shadow influencers—m think corporate lobbyists and state-owned enterprises lose their Geneva puppet strings, exposing who’s really been rigging the game behind WTO’s marble facade.
4. Ignites Regional Power Blocs: No WTO cash flow sparks a scramble NAFTA 2.0, EU trade forts, Asian pacts reshuffling global alliances into tighter, more accountable units, not some utopian one-world mess that never worked.
5. Kills the Arbitration Farce: The WTO’s dispute system, crippled since 2019 by U.S. judge blocks, gets a mercy k**l. Nations now settle trade scores bilaterally, mano-a-mano, cutting the middleman who couldn’t enforce jack anyway.
6. Boosts the Underdog Hustle: Smaller nations, freed from WTO’s rigid script, can barter directly with the U.S., leveraging raw deals think rare earths from Africa or lithium from South America over China’s chokehold, shaking up global supply chains.
7. Defangs China’s Dodge: Beijing’s “developing nation” status at WTO long a loophole for subsidies and dumping crumbles without U.S. dollars propping the system. America can now hit back with tariffs that bite, not beg for Geneva’s nod.
8. Reclaims Tech Edge: The WTO’s stalled digital trade rules (U.S. dropped demands in 2023) kept tech giants caged. Suspension lets America unilaterally lock down data flows and IP, shielding its silicon crown from foreign poachers.
9. Lights a Fire Under Congress: No WTO safety net forces D.C. to get off its a*s craft trade laws with teeth, not just react to global edicts. It’s a wake-up call for a legislature that’s sleepwalked through decades of outsourcing.
10. Unleashes Economic Darwinism: Without WTO’s nanny-state rules, markets turn b****l l survival of the fittest. U.S. industries either adapt fast innovate, retool or die, purging the weak and forging a harder economic spine.
This isn’t about cheerleading it’s about seeing the dominoes fall, the masks drop, and the game reset. For Americans, it’s a s**t at clawing back what’s theirs; for the world, it’s a mirror to its own grit or lack thereof.
11. Cracks the Green Agenda
: WTO’s limp climate trade talks (stalled since 1995) lose steam without U.S. funds. America can now push bilateral green tech deals think solar with India, wind with Brazil skipping the eco-preaching gridlock.
12. Frees the Dollar’s Muscle: Less tied to WTO’s trade web, the U.S. can wield its currency like a sledgehammer sanctions, incentives, whatever works without Geneva’s red tape slowing the swing.
13. Sparks a Trade Renegade Wave: Other big players EU, Japan might follow, ditching WTO’s sinking ship. A fractured system births a new order, one where power, not bureaucracy, dictates terms, shaking the world out of its trade coma.
14. Ends the Fentanyl Excuse Game: WTO’s paralysis on d**g precursors (China’s exports untouched) gets no more U.S. cover. Suspension lets America hammer direct trade bans, targeting the flow that’s k*****g its streets, no diplomatic dance required.
15. Reveals the Void’s Hunger: If the WTO folds, the gap it leaves unregulated trade chaos shows the world what the Ark felt like: a force unbound, eating control. Nations either step up or get devoured, proving order’s price in real time.
The CBL has introduced the new LD5 denomination into circulation (Photo: CBL).
The Central Bank of Libya (CBL) announced yesterday the issuance of a new 5 dinar banknote bearing the signature of the new Governor Naji Issa.
The CBL said the new denomination will go into circulation along with the currently circulating issuances, starting today, Thursday, 27 March.
The LD note introduced on 20 March It will be recalled that the CBL had announced on 20 March the issuance of a new 20-dinar polymer banknote (second issue) into circulation alongside the currently circulating issue.
On 20 January, the CBL had announced the issuance of new banknotes in the 5-, 10- and 20-dinars denominations in the coming weeks and months.
The LD 10 denomination was issued on 26 January. All the new denominations bear the signature of the new CBL Governor, Naji Issa. link
