Iraq Resumes WTO Accession Talks After 16-Year Hiatus, 17 July

 By John Lee.

Iraqi Trade Minister Athir Dawood Al-Ghurairi announced the resumption of preliminary meetings for Iraq’s accession to the World Trade Organization (WTO) after a 16-year pause.

The Iraqi negotiation teams have started preparatory meetings at the WTO headquarters in Geneva, preparing for the third working group meeting on Iraq’s accession.

According to a statement from the Ministry’s media office, Riyad Fakher Al-Hashemi, Director General of the Foreign Economic Relations Department, indicated that the first preparatory meeting was held with the WTO’s Accession Section Director and experts in goods, services, and intellectual property.

This meeting, chaired by Al-Hashemi and including negotiators from various Iraqi ministries and the Kurdistan Region, discussed key files and documents previously submitted by Iraq.

The third official working group meeting, to be led by the Trade Minister representing Iraq, will review the completed files and documents prepared by the national committee responsible for the accession. This marks a significant step as the Iraqi negotiation team reaches a high level of expertise in dealing with complex issues related to WTO membership.

(Source: Ministry of Trade)

https://www.iraq-businessnews.com/?p=222080

MILITIAMAN: Iraqi Dinar - Dinar Update-2024 Budget-Acceleration to WTO-Value Chains-...

"RV UPDATE" BY FRANK26, 17 JULY

 Frank26 

 Question: "Is this going to be a capital gain?" 

A lot of people desperately do not want to pay taxes.  I believe they live in this world they create where taxes never exist.  I'm sorry, if you honestly think you're going to be able to get involved in this and exchange this currency, that's called a capital gains, without having to pay any taxes you're delusional...

Yes you're going to pay taxes, that's why it's important to have a receipt...held for one year you'll probably be in the 20% tax bracket...if you don't have a receipt, you lost it, you'll probably be in the 40%.  Biden just said a couple days ago he wants to increase those taxes over 50%...capital gains

 Is the goal of the CBI for the Iraqi dinar exchange rate to go international?  Is that the goal of the monetary reform? 

 No.  It's to RI...The goal is not to send it to you internationally so you can make money off of their currency.  The goal of the monetary reform of the Iraqi dinar is to lift the value of the currency by removing at least three zeros from their exchange rate.  In doing so, then their monetary reform will require another reform, which is the denominations...the lower notes.

Kurdistan Finance announces the deposit of about 700 billion dinars with its account the salaries of the security forces in the region, 17 JULY

 Shafaq News / The Ministry of Finance and Economy of the Kurdistan Region announced, on Tuesday, the deposit by the federal government of a financial amount of approximately 700 billion dinars, the salaries of security forces in the Kurdistan Region for the past May and June.

The ministry said in a statement received by Shafaq News that an amount of 676 billion and 36 million dinars was deposited in its bank account to finance the salaries of May and June for the Peshmerga forces and the security services of the Kurdistan Region.

On Thursday, July 11, the Kurdistan Regional Government announced that the federal government had decided to pay the salaries of the security and military forces of the region for the past May and June.

Last Tuesday, Peshmerga Minister Shorush Ismail said the federal government had agreed to pay the salaries of Peshmerga forces.

During the past months, the federal government has been funding the monthly salaries of employees in the Kurdistan Region, with the exception of the salaries of the military, and Kurdish officials in the regional government say that there are no political or legal problems behind this, and it is up to technical issues and the audit of the lists of elements of the Peshmerga forces and the internal security forces.

https://shafaq.com/ar/كوردســتانيات/مالية-كوردستان-تعلن-يداع-نحو-700-مليار-دينار-بحسابها-رواتب-القوات-ال-منية-بال-قليم

Evening News with MarkZ. 07/16/2024

IRA BOOTS ON THE GROUND REPORT BY FIREFLY, 17 JULY

 Frank26  [Iraq boots-on-the-ground report]  

 FIREFLY:Sudani said we have a new currency... 

FRANK:  They're not talking about the 3-zero notes...They're talking about the new currency that's going to match a new exchange rate. 

  FIREFLY:  Any new currency will have to be lower notes...

 FIREFLY: My bank guy just flat out came out and told me, to be honest with you I think it will reinstate to what it was before and then it's going to float like any other international currency...It's more from the rumor mill.  

FRANK:  I know it's going to reinstate.  You know it.  The money exchangers know it, that's why they went ape %$^%.  That's why they're happy! ...This is the 3rd time your bank friend tells you $3.22 and it will float...That is the most logical thing for the CBI to do.

Al-Sudani directs to disrupt official working hours for next Wednesday, 17 JULY

 Baghdad – Mawazine News

The Prime Minister, Mohammed Shiaa Al-Sudani, directed today, Monday, to disrupt official working hours for next Wednesday.

The Prime Minister’s Media Office said in a statement that the Sudanese “directed the disruption of official working hours on Wednesday, 17/7/2024 in all government ministries and institutions, coinciding with the tenth of Muharram, the martyrdom of Imam Hussein, peace be upon him, on the day of Ashura.”

https://www.mawazin.net/Details.aspx?jimare=251357