More News, Rumors and Opinions Friday PM 6-28-2024
KTFA:
Clare: Iraq sells 104 million barrels of oil in May
6/28/2024 Baghdad -
The Ministry of Oil revealed, today, Thursday, the results of Iraq's oil exports during the past month of May.
The ministry stated in a brief statement received by Mawazine News, that "the total oil exports achieved for the past month of May, according to the final statistics issued by the Iraqi Oil Marketing Company (SOMO), amounted to (104) million and (130) thousand and (292) barrels." LINK
Clare: Iraq and Britain discuss preparations for Sudanese's visit to the United Kingdom and ways to enhance partnership and cooperation between the two countries
6/27/2024
The Undersecretary of the Ministry of Foreign Affairs for Multilateral Affairs and Legal Affairs, Omar Al-Barzanji, received the Chargé d'Affaires of the Embassy of the United Kingdom of Great Britain and Northern Ireland to the Republic of Iraq, Rosie Cave, in his office in the ministry building.
A statement by the Ministry of Foreign Affairs stated that during the meeting, they discussed strengthening relations between the two friendly countries and discussing issues of common interest, as the Undersecretary pointed out the importance of working to develop frameworks for cooperation in various fields, noting that the two countries are linked by relations of common interests in various economic, political and strategic fields.
For her part, Cave pointed out, during the meeting, to the ongoing preparations for the visit of Prime Minister Mohammed Shia Al-Sudani to the United Kingdom, and ways to enhance partnership and cooperation between the two countries.
She also expressed her thanks and appreciation to the Iraqi Ministry of Foreign Affairs for its continuous support and assistance in overcoming the obstacles facing the embassy in Iraq, and praised the role of the ministry in enhancing cooperation between the two countries to achieve common goals. LINK
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Clare: The President of the Republic approves a number of laws, including the 2024 budget schedules
6/27/2024 Baghdad -
Today, Thursday, the President of the Republic, Abdul Latif Jamal Rashid, approved a number of laws, including the 2024 budget schedules.
The Presidency’s Media Department said in a statement - received by the Iraqi News Agency (INA): “The President of the Republic, Abdul Latif Jamal Rashid, ratified a number of draft laws, which are the schedules of the Federal General Budget Law for the year 2024, the first amendment to the Anti-Prostitution and Homosexuality Law, and the Law Extending the work of the Independent High Electoral Commission, and the first amendment law to the law regulating the rent of agricultural lands and granting ownership of the right to dispose of them for agricultural and veterinary graduates.”
The statement added, "The laws were sent after their approval by the President of the Republic for publication in the Iraqi newspaper Al-Waqae' to enter into force."
The Presidency of the Republic confirmed - according to the statement - that it is “moving forward in supporting legislation and laws that are in the interest of the country and citizens, by approving the laws approved by the House of Representatives, as well as by submitting draft laws by the Presidency of the Republic to the House of Representatives for the purpose of discussing and approving them.” LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
The television is saying parliament committee is saying there is a new number in the budget. They just admitted we have a new exchange rate and they say they want to be in charge of it, that they want to control, they want to put some votes...Saying the budget has numbers that will change and that's unconstitutional without another reading...It is a 15 day appeals process...
Holly ...based on Iraq’s progress things are definitely on track to being done...I see a culmination of this sometime this summer and it could go now or it could be later, no one and I mean no one will know when...We are definitely in the end time of all of this.
BREAKING NEWS Zimbabwe Haiti Argentina Rates & News
Edu Matrix: 6-28-2024
BREAKING NEWS Zimbabwe, Haiti, Argentina Rates & News - ZiG Strengthing through taxes; Hait's New PM Kenyian Police; Argentina's Inflation
Rafi Farber The Forex Markets Are Beginning to Break Down
Arcadia Economics: 6-28-2024
The next 4 months or so are going to be tumultuous.
The chaos is reflected in the currency markets, and it is only a matter of time before gold and silver react forcefully to the changes yet to come this year.
The Japanese yen - the gob of spit keeping the Keynesian pyramid together - keeps plunging lower, and the Bank of Japan has yet to respond.
The more they respond though, the more the markets push back, as there is little that is more profitable than pouncing a cornered central bank.
Just ask George Soros. As order crumbles, silver will be a shining light in the midst of the chaos.