The Markets:
The Asian markets closed mixed
NIK at .74% down HSI up .42% at SHANG up .60%
our futures are currently green DOW at 2327 up 288 1.26% SNP up 1.33% NDX up 1.33%
UK markets re currently trading in the green no more then 1%
Precious Metals:
GOld is green at 1701 Silver green at 15.21 Copper green at 228 Platinum green at 757
Brent is 19
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1187.0000 |  1193.0000 | 1191.5000 | 1191.5000 | 1191.5000 | -0.4000 | 04:43 |
| USD/VND | 23441.0000 | 23444.0000 | 23446.5400 | 23446.5400 | 23446.5400 | -0.4400 | 01:30 |
| USD/CNY | 7.0823 | 7.0843 | 7.0880 | 7.0707 | 7.0707 | 0.0115 | 05:03 |
| USD/KWD | 0.3115 | 0.3125 | 0.3114 | 0.3112 | 0.3114 | 0.0000 | 04:31 |
| GBP/USD |  1.2362 | 1.2363 | 1.2368 | 1.2274 | 1.2292 | 0.0069 | 05:04 |
| USD/IRR | 0.0000 | 0.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 97.5000 | 00:00 |
| USD/IDR | 15585.0000 | 15600.0000 | 15690.0000 | 15393.0000 | 15688.0000 | -104.0000 | 05:00 |
Things in the News:
NYC Residents Flee -- Permanently...
WV Gov: Return to Rural Life...
CDC chief: Second wave could be worse...
WV Gov: Return to Rural Life...
CDC chief: Second wave could be worse...
Iraqi Articles:
Abdul Mahdi sends an open message to Parliament
On Tuesday, resigned Prime Minister Adel Abdul-Mahdi sent an open letter to the House of Representatives regarding his continuation of his post and assigning Mustafa Al-Kazemi to the Prime Minister.
The following is the text of the message:
Honorable President of the Republic.
Distinguished Speaker of Parliament, gentlemen and ladies, Vice-Presidents and Distinguished Members of the Council
May God’s peace, mercy, and blessings be upon you.
I submitted my resignation on November 29 2019, and we are nearing the end of April 2020 and no new government has been formed. The brothers were assigned to Allawi and Al-Zorfi, and they were not successful. Recently, Brother Al-Kazemi, who is supposed to form his government, was appointed before the next 9 May. Which reveals either constitutional breaches or serious deficiencies in constitutional applications and political traditions, or defects of prevailing concepts and behaviors of political forces, or societal oppositions that hinder each other, or pressing regional and international balances, and most of all that. We exerted and exerted utmost efforts and promoted to provide support and assistance to the success of the duty-holders, far from our proximity or distant from any of them, to realize that the status quo is the most dangerous. A daily caretaker government and the survival of an independent prime minister with limited powers in these complex situations is the worst option. Therefore, I am sending this message to my brothers and sisters that this may be the last opportunity to prevent reaching a completely dead end.
I know the courage of leaders and officials, and that they sacrificed and sacrificed their lives and themselves for the sake of the country, so their positions are difficult to understand when they do not sacrifice their own visions and the interests of their powers in the face of this crisis that threatens the country. My perception is that there are wrong views - if they are not corrected and agree on common rules of conduct - then we will remain in a continuous cycle.
1- The concept of the independent minister is not an absolute fact, but rather a temporary partial practice required by the reality of the state of political powers in successive governments, and the injustice of the election law and the law of parties, as they are against the will of the voters, which has generated quotas and a monopoly of power from the highest summits to the lowest. So the call of the independents came in response to all this.
2- Many forces say they exercise their right to demand specific ministries according to the election results. And their argument is what is happening in other countries. And we saw that this is a false comparison. There, majority governments form one party or a coalition of parties, according to the electoral curricula. In those countries, there are integrated practices that make the party live with its fans and the public live the life of its party. The public contributes to various channels in the elections of party leaders and charts of programs, while we are far from all of this. The separation between the public and organizations is getting bigger, without serious treatment. Despite some progress in the last elections, but we have not finally settled on the appropriate system that achieves the political majority, is matched by the political minority or the opposition, and protects and adapts fairly to national equilibrium so that the concept of citizenship can prevail.The participation of all government winners distorted the work of the House of Representatives from large blocks supporting the government, and others opposing it, to individual and collective conflicts over the sources of power, locations, and ability in the country, and blowing up the concept of separation of powers. Rather, it is what has generated governments fighting in the cabinet. All this has lost the country and the unity of the philosophy that organizes its work and the ability and integrity of the authorities to lead and manage the country.
3- The claim of some to specific locations, such as a specific ministry, does not make sense. If a program in this ministry told me, this violates the government curriculum, which leaves no room for doubt that the desire will be to benefit from the ministry instead of benefiting from it according to a unified program for the government.
4- In our circumstances, it will not be possible to completely absent the parties from the sites and the curricula, and it will not be possible to deprive the taxpayer of the right of choices to nominate, accept and reject. It is they who will vote in the House of Representatives, and it is they who will bear the greatest responsibility in the government. Accordingly, it is necessary to reach a middle agreement in polling the opinion of the parties or in nominating those who meet the conditions agreed upon nationally, and allowing - in return - the person charged with the last word to choose the ministers, especially since his decision will not be final, as the last word will return to the parliament in a negative or positive vote.
Yes, the situation is not ideal, but if we put the worst prospects in the event of failure, and we all have the necessary flexibility, we can reach a compromise. If this third attempt at commissioning did not succeed, does anyone expect the fourth or fifth attempt to succeed? Especially since our resignation was in response to a call from the Marjaiya and popular forces to find a solution to the impasse that the country has reached. The goal was not to change people, but to change equations. The continued resignation of the Prime Minister of the caretaker government is the survival of the previous equations and leads to inertia and emptiness inevitably. That is why we cannot continue. My answer was unequivocal by rejecting all those who exposed me and with insistence from key and influential parties that they are ready to facilitate the return from the resignation, especially since it did not vote on it in the House of Representatives. The equation of my government, under the conditions mentioned, is no longer able to properly manage the country's situation. My understanding is that any government in our current circumstances must satisfy two basic matters.
1- National consensus or a majority that can support the government, which the current government has practically lacked, even with theoretically available. What was mentioned above about the parliament, the blocs and the government is sufficient, and the signal is understood.
2- The international and regional imbalance in Iraq . Not necessarily because of a mistake we made, but to extremist policies imposed by others, and no Iraqi Iraqi government can match them. When the friendship of one side becomes conditional upon the hostility of another friend, Iraq - according to our national experiences - will gain little and lose a lot.
In my message on 2/3/2020, I called for an extraordinary session to settle the election law, the constituencies and the commission, and to set 4/12/2020 as the final date for the elections, and nothing happened that happened, and they wanted the crisis to continue. There is no agreement on a new government, nor does it define an end to the crisis through early elections. The result will necessarily be the continuation of the day-to-day government and its full responsibility for difficult and complicated situations, which cannot be continued. Therefore, we call for enjoying the required flexibility and reaching compromise solutions to form a new government that can administer elections and have the powers required to manage the country's crises, especially amid huge developments that great countries have become concerned about their future, including the collapse of global economies, oil prices, the Corona pandemic, and the persistence of terrorism and other thorny matters. With the reaffirmation that I will take the appropriate and decisive stance in light of the results you will reach in the next few days.I wish you all the best of luck. May the peace, mercy and blessings of God be upon you.
Prime Minister
4/21/2020
For the first time since 1999 .. Brent crude price is below $ 16 a barrel
Brent futures for the month of June fell on Wednesday to below $ 16 a barrel for the first time since 1999, according to trades.
The price of Brent North Sea crude futures for the month of June , at 6:42 Moscow time, decreased by 12.62% to $ 16.89 a barrel.
West Texas Intermediate crude futures were recorded, for the first time in history, for the first time in history, and decreased to minus $ 37 a barrel.
Warnings against printing local currencies and suggesting to borrow and pay back as soon as the crisis ends
member of the Iraqi Economic Council, Ghadeer Al-Attar, warned, on Wednesday, of the danger of the government's support for some proposals to print local currencies outside the cover of the Central Bank of Iraq, proposing a solution other than cash printing.
"Al-Attar explained in a statement received / Mawazine News /, a copy of it , “The printing of the currency without a cover is a disaster, and there are large areas of corruption in addition to the loss of the national currency to its value in exchange for gold.
” Al-Attar pointed out that “the subject is a dangerous adventure and the damage is reflected on the middle class more than others”, indicating that, Iraq is able to cross these The crisis is temporary, no matter how long it takes. "
Al-Attar suggested that "the borrowing amounts in the Central Bank of Iraq be borrowed, provided that the payment be made as soon as the crude oil recovers in the global markets and the Corona virus crisis ends."
The US embassy in Baghdad: $ 5 million for anyone who provides information about the new ISIS leader
The US embassy announced, on Wednesday, the offer of its country's government a reward of up to $ 5 million to anyone who provides information that leads to the identification or locating of the new leader of the terrorist organization ISIS, known as "Haji Abdullah" al-Mawla 2019.
A statement of the US embassy in Iraq received / Mawazine News / A copy of it, "The American government offered this reward to anyone who provides information that leads to identifying or locating the terrorist Muhammad Saeed Abdul Rahman al-Mawla, known as Haji Abdullah al-Mawla, as well as Abu Omar al-Turkmani and Abdul-Amir Muhammad Saeed al-Salabi, who was born in the city of Mosul in Iraq of the year 1976 Dread M new to the terrorist organization Daesh after the killing of al - Baghdadi. "
She added, "This terrorist is responsible for the bloodshed of innocent people and the killing and abduction of Iraqi and non-Iraqi civilians."
CBI, ISX,Dinar Guru:
CBI Update: IT SEEMS the CLOSURES have BEEN Extended WE SHALL SEE
Click on the link above for the latest update.
The CBI for rate is.
The currency auction total sales amount $ 158,799,122. Auction held Wednesnday April 22nd, 2020
ISX Update: At my last checking
Failure to organize trading sessions 17 / 3-2020 / 3/23
it's a document in Arabic but these are the words
Iraq Stock Exchange Iraq market for ur number: Date: \ ۷/۱۹ / C To the Securities Commission What is the lack of organization of trading sessions 3/17 - 3/23/2020
We give you our best regards. . .
Based on the decisions of the Health Crisis Cell dated 3/15/2020.
The Board of Governors decided not to organize trading sessions and stop trading activity in securities as of Tuesday 3/17/2020 to enable brokerage firms and investors to complete financial settlements between them and the clearing bank until Monday. 3/23/2020 The trading session after suspension is organized on Tuesday 3/23/2020 according to instructions and rules with appreciation CURFEW EXTENDED to APRIL 23rd
Taha Ahmed Abdel Salam Duran Soran
Shares Traded: N/A
Value Traded: N/A
4-21-2020 Intel Guru MarkZ [Will the oil implosion lower the value of the dinar?] the revaluation of the dinar has been scheduled about over a 100 year period. Meaning the pay back with oil credits will be over a long time. Oil prices will not stay that depressed for that long. If anything it should increase the value of the dinar. Iraq has the lowest cost per barrel for getting it out of the ground.
4-21-2020 Newshound Guru Pimpy ...I'm here to keep everyone grounded...this is interesting here [General Price Index]...this does absolutely look exciting. Do you think I wouldn't be excited if this is accurate? Of course it would be excited because it looks like the value has increased one thousand fold. And, yes, I do see the comma [462,830]...But...is it possible that this was meant to be a decimal [462.830] by mistake was put there a comma and a correction will come later? ...this was done in February. What month are we in? April. We know for a fact that march they suspended and stopped the action on the ISX...March is done...do you think somebody's going to let that type of cat out of the bag? Do you really think that this is legitimate? Could be. But seems to me we would have heard a lot more about it...you would see mad amount of people, investors, fund managers, all kinds of people running just buying out the dinar...could this just be another glitch in the system that needs to be corrected? ...again I'm here to keep you guys as grounded as possible...let's hope this is accurate...I think that would put us around if I'm not mistaken about $1.13 - $1.34...I would love that because that would make me look like a freaking genius...[but] the Central Bank of Iraq has made boo-boos before...
4-21-2020 Newshound/Intel Guru RVAlready Iraq parliament put itself between its own extinction and bankruptcy via oil and civic. If they had finished the RV two months back, they would not be in this position. Their desire to hold everything up may cost them their job. I just cannot imagine Iraq going until November with no budget, no RV, and little oil income. I think they will be desperate for the RV at the earliest opportunity.
4-21-2020 Newshound Guru Jeff ...the decimal point has moved. Iraq has basically dropped the zeros off the exchange rate. That's why they're showing you that the value of these stocks [CBI's ISX Price Index} have jumped from being worth in the millions to the billions. They transitioned to kind of a one-to-one...I told you that Iraq had already started the rate change process as of March 17th. You're now in the 6th week and I told you that the exchange rate has only changed on the accounting books not in the public realm. None of this is public not even in country...This is more proof right here because the overall combined value of these companies' shares have transitioned from millions to billions and there's no way that these companies could have just done so magically...just because they do really good in the business world. That's just the most asinine logic I've ever heard...the movement of the price index is showing you that the companies jumped in combined share value from millions to billions because they deleted the zeros off that exchange rate...
4-21-2020 Intel Guru MarkZ Yesterday I told you I was looking for the reset in Mid-May. I may have to revise that estimate for sooner…There are a number of emergency meetings being called as we speak. I am expecting a lot of shaking of the trees today as they try to speed things up. Oil went negative yesterday. A 305% drop in the value of oil. It took a dive right out of the gate and futures were exploding. This happened much sooner than I thought it would…things are coming together quicker that I thought they would... Everybody right now is in scramble mode to figure out how to speed up the roll out of this. I am having to change my expected time as to when we could revalue now. Sooner than May 15th. Banking sources still say RV at anytime…..Government sources were saying by May 15th…..but after yesterday…all bets are off.
4-21-2020 Intel/Newshound Guru Frank26 ...the Iraqi Stock Exchange...it is a mechanism ...what they did IMO is they made an announcement that the index value of the Iraqi dinar had gone up about a thousand percent...they did something to do something. If it was 10% up - okay, you removed one zero. If it was 100% increase - okay, you removed two zeros. It was a 1000% increase - that's three zeros. In other words when they raised the value of the index of the currency of Iraq is now poised and set to be at one-to-one with the American dollar...I hope you understand there was a percentile increase in the index of the Iraqi dinar currency for its stocks that was officially announced to the international world...the Iraqi stock exchange has made a change...
4-21-2020 Newshound Guru Jeff ...from the ISX website they're clearly telling us they have full intentions of resuming the ISX as of Sunday April 26th...they shut down the financial markets around 3-17. No one can deny or argue that the rate change process started. It's blatantly obvious...why is this taking so long? Everybody just thinks it's a 'magical just change of a rate' and done...the reason this whole thing is taking six weeks is because they have multiple step that they have to complete to get the rate changed.
4-21-2020 Newshound/Intel Guru Mnt Goat We know there has been and still is an ongoing effort by the US to cut off Iran from Iraq. ...unless this happens we will see no RV (reinstatement). So now we see the militias backing down...and we read about the lack of agriculture imports from Iran as Iraq is now growing their own foods. Now we see the electricity cutoff too something we also have been reading about for years when GE and Semans had contracts to rebuild the power stations and get them back online. We...also see the enforcement of the new currency auction procedures which is hoped to prevent funds from going to Iran. This is all very good for us...
4-21-2020 Intel Guru Footforward Wow...Black monday? Referring to oil. [I'm no expert at all, but are we witnessing a flash crash?] I don't know for sure, but either way this puts pressure on Iraq.
4-21-2020 Newshound Guru Pimpy ...I'm here to keep everyone grounded...this is interesting here [General Price Index]...this does absolutely look exciting. Do you think I wouldn't be excited if this is accurate? Of course it would be excited because it looks like the value has increased one thousand fold. And, yes, I do see the comma [462,830]...But...is it possible that this was meant to be a decimal [462.830] by mistake was put there a comma and a correction will come later? ...this was done in February. What month are we in? April. We know for a fact that march they suspended and stopped the action on the ISX...March is done...do you think somebody's going to let that type of cat out of the bag? Do you really think that this is legitimate? Could be. But seems to me we would have heard a lot more about it...you would see mad amount of people, investors, fund managers, all kinds of people running just buying out the dinar...could this just be another glitch in the system that needs to be corrected? ...again I'm here to keep you guys as grounded as possible...let's hope this is accurate...I think that would put us around if I'm not mistaken about $1.13 - $1.34...I would love that because that would make me look like a freaking genius...[but] the Central Bank of Iraq has made boo-boos before...
4-21-2020 Newshound/Intel Guru RVAlready Iraq parliament put itself between its own extinction and bankruptcy via oil and civic. If they had finished the RV two months back, they would not be in this position. Their desire to hold everything up may cost them their job. I just cannot imagine Iraq going until November with no budget, no RV, and little oil income. I think they will be desperate for the RV at the earliest opportunity.
4-21-2020 Newshound Guru Jeff ...the decimal point has moved. Iraq has basically dropped the zeros off the exchange rate. That's why they're showing you that the value of these stocks [CBI's ISX Price Index} have jumped from being worth in the millions to the billions. They transitioned to kind of a one-to-one...I told you that Iraq had already started the rate change process as of March 17th. You're now in the 6th week and I told you that the exchange rate has only changed on the accounting books not in the public realm. None of this is public not even in country...This is more proof right here because the overall combined value of these companies' shares have transitioned from millions to billions and there's no way that these companies could have just done so magically...just because they do really good in the business world. That's just the most asinine logic I've ever heard...the movement of the price index is showing you that the companies jumped in combined share value from millions to billions because they deleted the zeros off that exchange rate...
4-21-2020 Intel Guru MarkZ Yesterday I told you I was looking for the reset in Mid-May. I may have to revise that estimate for sooner…There are a number of emergency meetings being called as we speak. I am expecting a lot of shaking of the trees today as they try to speed things up. Oil went negative yesterday. A 305% drop in the value of oil. It took a dive right out of the gate and futures were exploding. This happened much sooner than I thought it would…things are coming together quicker that I thought they would... Everybody right now is in scramble mode to figure out how to speed up the roll out of this. I am having to change my expected time as to when we could revalue now. Sooner than May 15th. Banking sources still say RV at anytime…..Government sources were saying by May 15th…..but after yesterday…all bets are off.
4-21-2020 Intel/Newshound Guru Frank26 ...the Iraqi Stock Exchange...it is a mechanism ...what they did IMO is they made an announcement that the index value of the Iraqi dinar had gone up about a thousand percent...they did something to do something. If it was 10% up - okay, you removed one zero. If it was 100% increase - okay, you removed two zeros. It was a 1000% increase - that's three zeros. In other words when they raised the value of the index of the currency of Iraq is now poised and set to be at one-to-one with the American dollar...I hope you understand there was a percentile increase in the index of the Iraqi dinar currency for its stocks that was officially announced to the international world...the Iraqi stock exchange has made a change...
4-21-2020 Newshound Guru Jeff ...from the ISX website they're clearly telling us they have full intentions of resuming the ISX as of Sunday April 26th...they shut down the financial markets around 3-17. No one can deny or argue that the rate change process started. It's blatantly obvious...why is this taking so long? Everybody just thinks it's a 'magical just change of a rate' and done...the reason this whole thing is taking six weeks is because they have multiple step that they have to complete to get the rate changed.
4-21-2020 Newshound/Intel Guru Mnt Goat We know there has been and still is an ongoing effort by the US to cut off Iran from Iraq. ...unless this happens we will see no RV (reinstatement). So now we see the militias backing down...and we read about the lack of agriculture imports from Iran as Iraq is now growing their own foods. Now we see the electricity cutoff too something we also have been reading about for years when GE and Semans had contracts to rebuild the power stations and get them back online. We...also see the enforcement of the new currency auction procedures which is hoped to prevent funds from going to Iran. This is all very good for us...
4-21-2020 Intel Guru Footforward Wow...Black monday? Referring to oil. [I'm no expert at all, but are we witnessing a flash crash?] I don't know for sure, but either way this puts pressure on Iraq.
Catnip's Corner:
*************
ARTICLE 1 (from PM Mahdi's website)
At the time this report was submitted, there are no new articles posted on PM Mahdi's website.
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ARTICLE 2 (from Government of Iraq twitter account)
At the time this report was submitted, there are no new tweets posted on the Government of Iraq twitter account.
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ARTICLE 3
Abu Ragheef: Forces reneged on their agreement with Al-Kazemi ... and revealed two pledges to the taxpayer
1/4/2020 20:13
[Baghdad-where]
The official spokesman for the National Wisdom Movement, Nofal Abu Ragheef, revealed the retreat of political forces in their agreement with Prime Minister Mustafa Al-Kazemi in authorizing him to form his government cabinet.
Abu Ragheef said in a press statement, "There is not a single ruler in which all political forces are equal, and it is natural that there are different positions and different visions."
He added, "We expressed our point of view early and the meeting of Al-Kazemi and the leaders of the main blocs. His main outputs were to authorize him to choose his cabinet in a free and transparent manner, but to present the names to these parties if they had some observations."
He pointed out that "some political forces and authorities have reviewed their decision and submitted later proposals that it is they who contribute with the one in charge of providing people and resolving the cabin," stressing, "There are obstacles, but the general atmosphere is smooth and smooth."
Abu Ragheef added, "Al-Kazemi has completed what he has and he has finished completing his booth and is ready to vote, and there are some unresolved technical things that do not go into the basic details of the formation."
He pointed out that "Al-Kazemi took two pledges to himself, that he does not intersect with the political forces that vote for him, which is very logical and realistic, and the other took the demands of the street, demonstrators, religious references and popular circles."
He said that Al-Kazemi "is in an unenviable position, but his predecessors did not enjoy the understanding, harmony and good relationship he enjoys with the political forces."
*************
ARTICLE 4
Saleh and Al-Halbousi stress the need to expedite the formation of the new government
21/4/2020 16:17
[Baghdad-where]
Today, Tuesday in Baghdad, President of the Republic Barham Salih received Speaker of Parliament Muhammad Al-Halbousi.
During the meeting, according to the statement of the Presidency of the Republic, "they discussed the developments of political, security and health conditions in the country, and emphasized the need to make efforts to accelerate the formation of a new government that meets the hopes and aspirations of Iraqis, and achieves the desired reforms through the support of the Prime Minister-designate in this regard."
The mechanisms discussed by the competent state institutions to confront the new Corona epidemic were discussed, and the importance of concerted efforts to limit the spread of this pandemic by following the directions of the Crisis Cell and general health advice.
The mechanisms discussed by the competent state institutions to confront the new Corona epidemic were discussed, and the importance of concerted efforts to limit the spread of this pandemic by following the directions of the Crisis Cell and general health advice.
*************
ARTICLE 5
House of Representatives meeting with the Commission to discuss full preparations for early elections
21/4/2020 17:26
Where's the news - Baghdad
Deputy Speaker of the House of Representatives, Bashir Al-Haddad, discussed today, Tuesday, with the Chairman of the Council of Commissioners, Jalil Adnan, behind the full preparations for early elections.
A statement of the mourning office stated that the agency received a copy of it, "The latter during a meeting with Khalaf at the headquarters of the Commission in Baghdad, in the presence of the head of the electoral administration, Ahlam Al Jabri, and the members of the Board of Commissioners, Fattah Muhammad Hussein and Abbas Farhan.
He added that the two sides dealt with ways of making the electoral process succeed, marching towards the right democracy and full preparations for early and fair elections in light of the conditions that our dear country is going through.
Al-Haddad stressed that "the parliament is ready to overcome all the difficulties and obstacles facing the work of the commission, including speeding up the approval of the election law and emphasizing the provision of adequate financial allocation to conduct the elections."
Deputy Speaker of the House of Representatives, Bashir Al-Haddad, discussed today, Tuesday, with the Chairman of the Council of Commissioners, Jalil Adnan, behind the full preparations for early elections.
A statement of the mourning office stated that the agency received a copy of it, "The latter during a meeting with Khalaf at the headquarters of the Commission in Baghdad, in the presence of the head of the electoral administration, Ahlam Al Jabri, and the members of the Board of Commissioners, Fattah Muhammad Hussein and Abbas Farhan.
He added that the two sides dealt with ways of making the electoral process succeed, marching towards the right democracy and full preparations for early and fair elections in light of the conditions that our dear country is going through.
Al-Haddad stressed that "the parliament is ready to overcome all the difficulties and obstacles facing the work of the commission, including speeding up the approval of the election law and emphasizing the provision of adequate financial allocation to conduct the elections."
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