Newshound Guru Jeff
Article: “Oil MPs rules out oil and gas law”. Since 2005, I have been telling you guys the oil and gas law has been exceptional. Quote: “This law has been facing political struggle since 2005.” There it is proven for you in print.This law is only waiting on the rate of change. Iraq has to have a trading internationally accepted currency. That’s it, then.
Newshound Guru Militia Man
Given some political resistance, progress has been rather strong. I believe the US Treasury, Federal Reserve, Central Bank of Iraq, Al-Sudani, have been striving to help Iraqi people. There has been criticism.Iraq is not unique in experiencing pressure. Sadly, corruption has been a challenge for many years. Nothing fresh. But that is evolving; today it is becoming more acute.
Intel Guru MarkZ
[using PDK] Out of Iraq this weekend, I have not heard anything awful. Article: “The Parliamentary Oil and Gas committee expressed today, Sunday it’s optimism about the imminent approval of the Oil and Gas Law which has been suppressed for 19 years.” There is debate regarding the HCL’s instantaneous approval. We were constantly assured that rate would alter within hours of maybe days of the HCL passing.
Newshound Guru Clare
Article: “Iraq quickens steps to join WTO” Quote: “After engaging in a broad round of negotiations that open the path for complete membership, The Ministry of Trade has doubled its efforts to join Iraq to the World Trade Organisation (WTO).Minister Al-Ghariri stated his hope for the fourth round of negotiations to take place during the first quarter of next year…”
Intel Guru Frank26
It is becoming serious; there is no question about it.Iraq’s financial reform has grown explosive.
Newshound Guru PompeyPeter
“Are two rates operating?” wonders one. No; there is not two rates. There isn’t 1310 and a concealed rate functioning in Iraq or anywhere.Against IMF guidelines and policies is this. Two rates cannot be operated upon simultaneously.
Newshound Guru Pimpy
Article: “Minister: Countries in the region want Iraq to return as a globally economic player” We are quite aware that Iraq is still developing its application toward the World Trade Organization.Let them go forward since this will open doors for them economically, therefore enhancing the Iraq dinar.
Intel Guru MarkZ
[via PDK] Is July still a likely time to see the RV? Mark: Z It is still really feasible. And given just two days left in July, that is an amazing remark. Recall, though, that we are not sure the timing.still is it feasible? Highly
Newshound Guru Jeff
Did you know September would see the US soldiers beginning to be pulled out? Iraq will complete their World Trade membership in August, did you know? Still, there are 150 laws they have to follow. They have a lot of initiatives they have to start.The Gazette does not print the budget.Though they will be finishing their accession in August, did you realize finishing and implementing the changes is a World Trade requirement? Everything waits on this right here [the budget].
Newshound Guru Militia Man
Article quoting: “Parliamentary Oil and Gas Committee experts its optimism on Sunday about the imminent approval of the Oil and Gas Law which has been suspended for over 19 years.” They are informing you they have everything in place for their intended action.Though it’s only in the next few days, I enjoy their discussing about it.
Newshound Guru Clare
Article: “He is the most crucial among 150 suspended laws; he is 19 years old. Will the powers relinquish the ‘golden paper’ in oil and gas laws?” Quote: “Today, Sunday, the Parliamentary Oil and Gas Committee expressed, its ‘optimism’ about the imminent approval of the Oil and Gas Law, which has been suspended for 19 years,”
Intel/Newshound Guru Mnt Goat
The CBI very clearly informed us that this Project to Delete the Zero is NOT a lop; they explained what a lop is and how it is used in times to relieve the burden on a currency due to hyperinflation.With the maximum of 9%, they are averaging presently approximately a 3-4% inflation rate when they de-dollarize in 2023. The “lop” tool thus does not applicable.
Guest Guru Mike Bara
By way of Judy Byington I have heard that on Thursday night, July 25, 2024, the US Treasury told Iraq that they would have to revalue their currency “immediately” if they didn’t follow the deals. Iraq replied that they were waiting because they were worried about some smaller banks that they thought were doing business with Iran. They are determined that no RV funds get to Iran because the two countries have a history of being at odds with each other. In response, the UST took over the five banks, merged them into a single, manageable organization, and pushed the RV through.The Central Bank of Iraq made the statement about this deal on July 27, 2024. With this, the adjustment should finally happen, as far as I know.
