More News, Rumors and Opinions Saturday PM 7-6-2024
Ariel: Iraqi Dinar News:
From WTO Website:
During the visit to Baghdad, the Chair was informed that Iraq’s initial market access offers on goods and services would be circulated soon, in preparation for holding the 3rd meeting of the Working Party in the middle of 2024. Link https://v2.xscodes.icu/english/news_e/news24_e/acc_16jan24_e.htm
The team in the Ministry of Trade will “take real steps that will shorten the path to Iraq’s accession to the World Trade Organization and ultimately benefit from the advantages offered by this accession,” indicated Minister Al Ghurairi.
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Parliamentary Committee to Al-Eqtisad News: The Oil and Gas Law is Almost Complete, and This is What We Hope for from Barzani’s Visit to Baghdad
7/4/2024 Baghdad
Member of the Parliamentary Oil and Gas Committee, Zainab Al-Moussawi, revealed today, Thursday, the latest developments in the Oil and Gas Law, while pointing to the impact of Masoud Barzani’s visit to Baghdad on the approval of the law.
Al-Moussawi said in an interview with Al-Eqtisad News: “So far, the draft oil and gas law is almost complete, with a high percentage that may reach 90%, but there are some objections from the Kurds regarding some points, which are summarized in handing over oil imports and exploited and unexploited natural resources to Baghdad, as Erbil refuses to do so.”
She added: “We hope that Masoud Barzani’s visit will be the beginning of resolving the crisis of the law and its legislation after an agreement with the political foundations in Baghdad, which is the Coordination Framework, 𝙖𝙨 𝙖𝙡𝙡 𝙥𝙤𝙡𝙞𝙩𝙞𝙘𝙖𝙡 𝙗𝙡𝙤𝙘𝙨 𝙖𝙧𝙚 𝙢𝙤𝙫𝙞𝙣𝙜 𝙩𝙤𝙬𝙖𝙧𝙙𝙨 𝙡𝙚𝙜𝙞𝙨𝙡𝙖𝙩𝙞𝙣𝙜 𝙩𝙝𝙚 𝙤𝙞𝙡 𝙖𝙣𝙙 𝙜𝙖𝙨 𝙡𝙖𝙬 𝙩𝙝𝙖𝙩 𝙧𝙚𝙜𝙪𝙡𝙖𝙩𝙚𝙨 𝙩𝙝𝙚 𝙘𝙤𝙪𝙣𝙩𝙧𝙮’𝙨 𝙣𝙖𝙩𝙪𝙧𝙖𝙡 𝙧𝙚𝙨𝙤𝙪𝙧𝙘𝙚𝙨”.
The member of the Parliamentary Oil Committee explained that “the Oil and Gas Law contributes to exploiting the largest possible amount of undiscovered oil fields and also contributes to achieving self-sufficiency in petroleum derivatives and optimal exploitation of wasted natural resources estimated at hundreds of billions of dollars that contribute to diversifying the state’s financial resources.”
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People, do you know how extremely huge these two reports are? This is the best news anyone can ask for that is not referring directly to rate & date while still indirectly giving you at least one of them without being specific. We are so close. Because in the second report regarding the Oil & Gas this is the constitutional rights of the citizens to get a percentage of the oil revenues once it is passed. Do you know how long people have waited to hear this is about to be complete?
This means that the new exchange rate is even closer. Because I have already given you a report about Iraq’s Compliant with international standards that needs to be completed by July 12th.
Report: -Derivative Clearing Organizations DCOs must comply by July 12, 2024. (See Federal Register link below)
The completion of these swap dealer compliance issues in the Forex Market comes at a time when Iraq has just completed their requirements on phase one of their economic reforms.
Phase one is a completion of reforms that have now qualified Iraq for international trade.
Ariel @Prolotario1
https://dinarchronicles.com/2024/07/05/ariel-prolotario1-new-exchange-rate-for-iraq-by-july-12th/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Key players are ready to get this thing done. It's a very good sign. I honestly believe we're watching history in the making...We're seeing progress like no other...If you're paying attention I think you guys should be really pumped and excited that things are happening.
Walkingstick [Iraqi bank friend Aki update] The CBI board of directors decided...to hold meeting with only all of their executives of all their banks...These two or three meeting are going on... This is on the subject of the monetary reform, lower notes, exchange rate, budget ... These next few days are going to be very silent. The press will not cover
it. No one will know anything about it. They will suppress this information...This silence is normal and to be expected right now. [Aki] has seen this quietness before when the CBI was getting ready to make a major move.
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A 53 Year Old PATTERN Has Been BROKEN...
Lynette Zang: 7-6-2024
Today we are talking about a 52 year old pattern that has been broken and what that really means for the markets and your money...
The Global Economy Is Collapsing As the WORST Case Scenario Unfolds
Atlantis Report: 7-6-2024
The global economy, which was once stable and growing, is now facing serious challenges. Recently, troubling signs have been reported from different parts of the world, indicating problems for the international financial system.
Traditional signs of economic trouble, such as the strong U.S. dollar and decreasing interest rates, are now more evident than ever.
These worrying signs, combined with geopolitical tensions, trade disputes, and increasing debt levels, indicate that the global economy is in trouble. The worst-case scenario is happening right now.