Parliamentarian: We Need More Time To Pass The Oil And Gas Law
Information / Baghdad.. Kurdistan Democratic Party MP Sharif Suleiman confirmed on Thursday that Parliament will need a lot of time and discussions to mature the oil and gas law in a way that serves all governorates and is consistent with the constitution.
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Suleiman told Al-Maalouma, “Resolving the oil and gas law is not limited only between the center and the region, but rather it concerns Iraq in general, as the region hopes to speed up the approval of this important law for everyone.”
He added, "The oil and gas law must be enacted in accordance with the constitution and the entitlements of each governorate, without any violation of the applicable law and constitution, in order to guarantee the entitlement of each governorate with regard to natural resources."
He stated that "the aforementioned law, due to its great importance, will witness many discussions and sufficient time within Parliament in order to mature the law in a way that serves everyone, before proceeding with its legislation, especially since the political document has confirmed the legislation of this law." LINK
Parliamentary Finance Warns Of “Very Negative Repercussions” As The Dollar Continues To Rise
Time: 11/02/2023 Read: 169 times {Local: Al-Furat News} Baghdad Governorate is working with the Ministry of Education to end the issue of caravan schools, by providing the necessary lands to establish new schools on them, stressing the capital’s need for 1,000 schools in the center and peripheries.
Ali Jabbar Mu'nis told Al-Furat News Agency, "The issue of rising parallel exchange rates has become exhausting for the Iraqi street and is a factor of weakness for the government."
He added, "If the government is unable to address this issue, it will have a negative impact on its performance, especially since the difference between the official and parallel prices is large."
Mu'nis pointed out, "The government deals at the official price of 1,320 dinars, while its price in the parallel market is much higher. There must be a deal and agreement with the US Federal Bank and address this matter because its repercussions are very negative."
Advisor to the Prime Minister, Fadi Al-Shammari, revealed that Prime Minister Muhammad Shiaa Al-Sudani will soon announce a new banking service for small merchants that will lead to a decrease in the exchange rate and facilitate their work procedures.
Al-Shammari said in a televised statement, “Those who manipulate the dollar are speculators, and the government provides the dollar through official platforms, and the government is not subject to blackmail by speculators who seek profit at the expense of citizens.” From.. Raghad Dahham LINK
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Thursday Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good morning, everybody, let's hope for a beautiful day.
Member: I cannot believe its Thursday already. This week is flying by,
MZ: In Iraq “ Iraq launches Visa Direct Services to combat corruption ,illicit funding” this was a nother good one from Nader….be sure to follow him and watch.
MZ: “Baghdad Conference III postponed for security concerns” You do not need to worry about this one. This was a convention that was canceled due to the middle east unrest.
MZ: “Bill watch 09- In the Senate- Finance Minister on US dollar bond : 1 to 1 Parity” They are talking about Zimbabwe bonds after the year 2015 that were denominated in US dollars. This is not about our bonds (From 2008/09) But, I have not had time to read it carefully. . I am hoping you all will do some research on this one.
MZ: “How the Federal Reserve’s $100Billion loss impacts taxpayers-and what happens next” Experts warn taxpayers may suffer. The Fed continues to lose money with nowhere to go. The Fed is in a death spiral. They will have to do something massive to get out of it.
Member: Very high up source at HSBC said the have all the money just waiting for a go. Could happen any minute.
Member: I missed ww yesterday, so could tell us the banking story you couldn't find last night
Member: It was someone who knew a wealth manager that has an NDA now……so that is encouraging.
Member: Citizens Bank keeps posting open positions for Wealth Management
Member: Guess there was no RV news again today……bummer. Hopefully this I the quiet before the storm
Member: Long ago we were told that things would get really crazy and then dead quiet right before the RV….so maybe we are in that dead quiet part and its ready to pop soon!
Member: Hey Mark, it's perfect timing this weekend. They built in an extra hour for each of us to exchange! Right?
Mod: EVERYONE HAVE THE BEST DAY OF YOUR LIFE, MAKE IT INCREDIBLE....
THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IS MARK’S OPINION ONLY.
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.
Washington's Federal Cloak Controls Baghdad.. Will Iraq Join The BRICS Group?
Posted On2023-11-02 By Sotaliraq When Prime Minister Muhammad Shiaa Al-Sudani expressed, earlier, Iraq’s readiness to join the BRICS group if it received an official invitation to do so, will Baghdad be able to escape from Washington’s federal “cloak” and launch diplomatic efforts to join it?
The BRICS group includes China, India, Russia, Brazil, and South Africa. The first four countries are among the fastest growing economies. They seek to get rid of Western hegemony and the control of the dollar, and encourage dealing in local currencies in commercial exchanges.
As of next year 2024, Saudi Arabia, the Emirates, Egypt, and Argentina will be accepted for membership. , Ethiopia, Iran, and the writer and political analyst, Omar Al-Nasser, said in an interview with (Al-Mada), “The situation in Iraq is very different and cannot be compared with those countries that have full sovereignty, so it cannot join the BRICS group so easily.”
Management and planning
He adds, “International factors and the threads of regional extensions that exist deep inside Iraq are still affecting the political decision in light of the lack of cohesion, harmony, and long-term strategic alliances between the political forces holding power, in addition to poor management and planning, weak foreign policy, and the lack of access to positions for those with experience.” That achieves qualitative goals.”
Washington's "cloak"
Al-Nasser continues his speech, via (Al-Mada), that “the strategic framework agreement with the United States, the Iraqi oil money remaining within the US Federal Reserve, the lack of alternative strategies that achieve the policy of filling the vacuum for oil money, and Washington’s vision of not withdrawing its hand from Iraq will prevent a lot of it from joining the BRICS group in the long term.” “In the near future, especially since there is a common international vision that Iraq must be a completely stable country in a region full of disputes and political conflicts.”
Beijing’s “weapon.”
For his part, the specialist in financial and banking affairs, Mustafa Hantoush, said in an interview with (Al Mada), “The BRICS group is a group of economically developing countries, and there are 22 countries that have applied to join, in addition to 40 countries interested in doing so.”
He adds, “BRICS is a weapon under the hand of China, and the intention of this group is to create an economic currency among member states in trade exchanges.”
Hantoush explains, “All the countries joining it are unable to pump money, create a currency, or manage global trade.” LINK
Question from Rob: Hi Mtn. Goat, I have a question with regards to the citizens of Iraq hoarding money in their homes. Are they hoarding the US Dollar or the Dinar. I would think that they would want the US dollar as the Dinar just isn’t worth anything and with the Dollar, they can travel etc. and no issues. I can’t think of why they would want to hoard the Dinar. If they are mainly hoarding the Dollar, then I don’t see any issues or concerns regarding this as it would relate to the Parallel market and the 2% that the two markets need to be at for 90 days. So… what are your thoughts on the hoarding? Do you have any knowledge of the hoarding being mainly in US Dollar or the Iraqi Dinar? Thanks So Much…
Answer Mnt Goat: In the article from my 10/24 Newsletter, they are talking about the dinar. How do I know this because they don’t mention dinars or US dollars specifically. First of all, the CBI has said the banks will conduct internal transactions all in dinars not dollars. So this we all should know by now. Right? This article talks mostly about the lack of liquidity of the banks due to hoarding money. The banks deal in dinars with the citizens.
Next the article makes reference to “monetary mass” and for Iraq and this is always in dinar as there is no monetary mass for the US dollars. Monetary mass means the money in circulation of dinars in Iraq.
I quote from the article – “He noted that the banking system still deals with only 15% of the monetary mass issued into circulation until today, which is called cash leakage outside the banking system”. We know Iraq has about 85 trillion dinars in circulation as their monetary mass. They injected another 10 trillion since they last told us years ago it was 75 trillion. So yes, this is a VERY important issue as the banks must come up with other solutions to make money as the currency auctions will not be available as of January 2024. To make money in other products they will need dinars in the system for liquidity for loans, etc.
