More News, Rumors and Opinions Thursday PM 7-27-2023
TNT:
Tishwash: A parliamentary committee confirms the imminent adoption of the oil and gas law: it has priority in legislation
Today, Thursday (July 27, 2023), the Parliamentary Oil and Gas Committee revealed that the legislation of the oil and gas law in the Iraqi parliament is imminent, while confirming that it has priority in legislation after the approval of the budget law.
Committee member Jay Taymur told "Baghdad Today" that "there is a political agreement on the legislation of the oil and gas law, and this law has priority in legislation after the approval of the budget law, and this matter is agreed upon within the State Administration Coalition."
Timur pointed out that "the coming days will witness the completion of the dialogues between Baghdad and Erbil in order to resolve all the paragraphs and provisions of the Oil and Gas Law, to send it to Parliament for a vote on it."
He continued, "This law is very important to regulate the financial and oil relationship between the center and the region."
And last Sunday (July 23, 2023), the Parliamentary Oil and Natural Resources Committee confirmed that it was awaiting a meeting with the President of the Kurdistan Region, Nechirvan Barzani, to resolve the final version of the oil and gas law, noting at the same time the insistence of the head of the federal government, Muhammad Shia’ al-Sudani, to approve it as soon as possible.
The oil and gas law is one of the most important differences between the federal government and the Kurdistan region, and the parties did not reach a settlement on it throughout the past four parliamentary sessions. link
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Courtesy of Dinar Guru
Militia Man Article: "The rise in the exchange rate my time and the project to delete the zeros still exists" A lot of people said it's never going to happen...Today they reiterate specifically in the headline that their 'deletion of the zeros' still exists...my understanding...is they're not talking about taking off 3-zeros off the currency notes themselves. It's taking 3-zeros off the exchange rate. There is a difference. It's not about taking three zeros off the notes.
Frank26 Article Quote: "It has been dismissed from printing the category of twenty thousand dinars because of the existence of a category of 25 thousand dinars, and we do not wish to expand the current categories, because the project to delete zeros still exists." There you go! ...We're trying to collect the 25ks. You know why? Because once we collect the 25ks we collect the 3-zeros...This is amazing to see from the CBI.
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KTFA:
Clare: The Media Commission issues directives to media organizations to support the national economy and the dinar
7/27/2023
Baghdad -
Thursday, the Media and Communications Authority issued directives to media institutions to support the national economy and the Iraqi dinar.
The commission stated, according to a document addressed to media institutions, that “based on the powers vested in us in regulating the media, communications and information technology sectors under Order (65) of 2004 in force, and in support of the national economy and preventing harm to the public and private interests of citizens, the commission directs the necessity for the media to refrain from Publish any misleading or inaccurate news about the national currency and the economic sector based on the Media Broadcasting Rules Regulations issued by the Media and Communications Commission (Part Two / Article 3). inaccurate, with the aim of harming the reputation of persons or companies or harming the national economy and affecting public health and the environment.”
And she stressed, "Otherwise, the media agencies shall bear legal accountability in accordance with the terms of the licensing contract and the powers vested in the Media and Communications Authority and the laws in force." LINK
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DoTalkToMe: As of now 69 countries will be attending the BRICS summit in August 2023.
Interesting times we are living in.
IQD pushing to support the 2004 low in protect the national currency
Nader: 7-27-2023
US Dollar Decline Is Worsening Faster. Expect Market Distortions To Get MUCH Worse.
Greg Mannarino: 7-27-2023