MilitiaMan Tuesday Evening "Follow The Money" 10-25-2022
KTFA:
Samson: With 14 bags .. Al-Sudani intends to enter Parliament next Sunday to obtain confidence
25th October, 2022
The State of Law coalition confirmed, on Tuesday, the intention of the Prime Minister-designate, Muhammad Shiaa Al-Sudani, to go to the House of Representatives next Sunday to obtain confidence, noting that Al-Sudani has completed 14 ministries so far.
The leader of the coalition, Jassim Muhammad Jaafar, said in a statement to "Al-Maalouma", that "the Prime Minister-designate, Muhammad Shia' al-Sudani, tried to avoid the October demonstrations and did not specify the session during the past days, in conjunction with calls for protests." Jaafar added, "Al-Sudani has settled 14 ministries and they will be announced in the coming days and then voted on in Parliament to give the government confidence."
He pointed out that "next Sunday will be a date for the parliament session, and after voting on 14 ministries, it will be completed comfortably during the next week."
Independent MP Hussein Arab had confirmed in a previous statement to "Al-Maalouma", that the official announcement on the new cabinet will be next Thursday, noting that the independent representatives will not have any representation in the next Sudanese government. LINK
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At Al-Abadi's house... an "important" meeting of the leaders of the coordination framework for sharing the cabinet
25th October, 2022
An informed political source said, on Tuesday, that the leaders of the comprehensive coordination framework of the Shiite forces, with the exception of the Sadrist movement, are now holding a meeting at the house of the leader in the framework Haider al-Abadi to complete the government formation.
The source told Shafaq News Agency, "An important meeting is to complete the distribution of the twelve ministerial portfolios of the Shiite component, and their sharing between the framework blocs and parties." And he indicated that "the distribution of ministries will be in coordination and consultation with the Prime Minister-designate, Muhammad Shiaa Al-Sudani."
Earlier today, the State of Law coalition led by Nuri al-Maliki revealed the number of his ministerial portfolios in the upcoming government headed by Muhammad Shiaa al-Sudani.
The leader of the coalition, Fadel Mawat, told Shafak News Agency, "According to the electoral weight, the share of the State of Law coalition in the Sudanese government is four ministries, but we have always been (Umm Al-Walid) and all of our concern is to form the government and speed up resolving this file, as we will have only two portfolios in the government." new".
And he indicated that "the State of Law coalition will have the Ministry of Higher Education, and perhaps with it the Ministry of Transport or Labor and Social Affairs, and this is subject to the dialogues that are currently taking place between the blocs and parties and the Prime Minister-designate."
While the other framework blocs got the rest of the twelve ministries,
And yesterday, Monday, the leader in the coordination framework, Fadi Al-Shammari, revealed to Shafaq News Agency, "The news that talks about the existence of a political agreement to pass half the government during a parliamentary session to be held this evening (yesterday), is incorrect and there is no such approach or agreement at all." He added, "Next Wednesday is the semi-final date for a vote of confidence in the government of Muhammad Shia al-Sudani, and government consultations for the prime minister-designate are in their final touches." LINK
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The central bank resolves the controversy over the dollar exchange rate plan
24th October, 2022
On Monday, the Central Bank of Iraq resolved the controversy over reducing the value of the dollar against the dinar, in response to a report by a member of the Parliamentary Finance Committee, Nermin Maarouf.
Nermin said in a statement she received (Al-Oula News) a copy of, "A few days ago, as the Finance Committee in the House of Representatives, we asked the Governor of the Central Bank about rumors of a depreciation of the dollar against the dinar, in response to a report we sent."
The deputy added, that the central bank replied, "that it does not intend to change the value of the dollar for several reasons, as the current exchange rate of the dollar achieved some positive results and reduced the government budget deficit to a good degree, although the government was able to pay off some of its internal and external debts."
The bank explained, according to Nermin, that "changes in the dollar exchange rate in the near future will create a state of instability in the currency market, cause distrust of the dinar, negatively affect economic activity and the investment situation, and increase speculative activity in the currency."
The bank’s answer also stated, “The devaluation of the dinar against the dollar will enhance the competitiveness of local products and reduce the demand for foreign imports.”
The bank stated, “With regard to the negative impact of the current dollar exchange rate on people’s livelihoods, especially for the poor, the central bank believes that the government can provide aid and assistance to these groups and improve food stamps to mitigate the consequences of dollar appreciation instead of returning it to its old value.” LINK
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MilitiaMan: They are clearly trying to keep everyone on the back foot for a purpose.. Just like the rehashed articles about not changing the exchange rate again (like the above), when they clearly have every intention of doing so.
There are at least 4-5 that counter the calls for not to change the exchange rate.
They printed new notes in 2018 to the tune of $500 million real close, it is the Governments program to new currency issuance and therefore, the date of the cabinet not disclosed consistently is used to keep those in expectation of that at bay until the final moment.. imo...
I like what I am seeing this week.. This month is coming to a close and the world is liking the progress. The calls for assurances have been many.
There are repercussions for not seating the government.. They all know it.. Far to costly not to get it done now.. imo ~ MM
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Harvester: All these news articles that come in all day long IMO are like a dust storm, which I am sure Iraq is familiar with lol. But then MM posts and it is like the dust clears and we find we are still moving on the right path in the right direction. So appreciate and look forward to your afternoon posts MM. Thank you
MilitiaMan: Thank you too. I am glad to help. Lets see what the next couple of days bring us.. From the looks of it there is serious anticipation for the GOI to have a vote on the cabinet.. There are side bar things that are going on in the Middle easy starting tomorrow.. Of which has implications to Viet Nam imo as well.. The middle east and emerging markets are going to explode again into next year. Much is likely to hinge on what we see in the short term.. Follow the money... imo ~ MM