Sunday, June 26, 2022

WOTS THU JUN 23 22 Collecting more than 100 signatures .. a parliamentary move to reduce the dollar exchange rate

 WOTS THU JUN 23 22 Collecting more than 100 signatures .. a parliamentary move to reduce the dollar exchange rate



here is a video of the  deputies taking their oath


this was a surprise to me...

Collecting more than 100 signatures .. a parliamentary move to reduce the dollar exchange rate - Urgent

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Representative Uday Awad announced today, Thursday, that he has collected the signatures of more than 100 deputies to reduce the exchange rate of the dollar against the Iraqi dinar.

Awad stated, according to a document received by Alsumaria News, that "according to Article (61 - VII - C) of the Iraqi constitution and Article (56) of the internal system, please include the issue of reducing the price of the dollar in the earliest possible session and according to constitutional contexts and because of the economic repercussions taking place in the country and the collapse of the currency and its impact on the Iraqi citizen.
 
text from the document:
To the Honorable Speaker of the Iraqi Council of Representatives.  Date 6/22/20
  reduce the price of the dollar
 good greeting .
 Based on Article 61 VII-C of the Iraqi Constitution and Article 56 of the internal system, please include the issue of devaluing the dollar in the earliest possible session, according to constitutional contexts, and because of the economic repercussions that are taking place in the country and the collapse of the currency and its impact on  Iraqi citizen.
 With much thanks and appreciation..
 The facilities
 Messrs. signatures.
 
ExtImage-3210601-1850883840.jpg

Alternate deputies take the constitutional oath under the parliament dome

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The representatives of the Sadrist bloc who resigned, took the constitutional oath, today, Thursday, under the dome of Parliament.

The parliament's media department said in a brief statement received by Earth News, "The replacement deputies for the Sadrist bloc's resigning representatives began taking the constitutional oath under the dome of Parliament."

The statement added that "there are 73 replacement deputies, 64 of whom attended to take the constitutional oath, while 9 of them did not attend."

It is noteworthy that the House of Representatives held its extraordinary session, today, Thursday, under the chairmanship of Parliament Speaker Muhammad al-Halbousi, and the presence of 202 representatives.

 Latest from Nader:


Parliament adjourns its session until further notice

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The House of Representatives adjourned its emergency session, which it .held, today, Thursday, until further notice And the Parliament’s media department said in a statement that (Baghdad Today) received a copy of it, that “the House of Representatives adjourned its session until further notice after 64 deputies took the constitutional oath as substitutes for the ”.Sadrist bloc’s deputies 



A "framework" dispute postpones the settlement of the "Al-Zamili" alternative and three candidates vying for the position

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 A source in the House of Representatives revealed today, Thursday, that the State of Law bloc led by Nuri al-Maliki submitted a request to postpone the vote on the position of the first deputy speaker of parliament, indicating "there is no agreement" between the framework forces on naming an alternative to the deputy from the Sadrist movement, Hakim al-Zamili.

A parliamentary source told Shafaq News Agency, "The State of Law bloc submitted, today, a request to the parliament presidency to postpone the issue of voting for the position of the first deputy speaker of the parliament until after the Eid al-Adha holiday."

The source added that "the reason for the postponement is due to the lack of agreement on a specific candidate, and there is no agreement within the coordination framework on a specific candidate for the position of first deputy," noting that "the current candidates for the position are: Atwan Al-Atwani, Muhammad Al-Sihoud and Adnan Faihan."

The Shiite coordination framework works in particular to name an alternative to the first deputy speaker of parliament for the Sadrist movement, Hakim al-Zamili.

Today, Thursday, the Iraqi parliament adjourned its session after the replacements voted for the Sadrist bloc.

64 out of 73 deputies took the oath, as 9 deputies did not attend the session.

Yesterday, Wednesday, the Presidency of the House of Representatives called on the candidates, "the biggest losers", who have resigned from the Sadrist bloc's deputies, to attend tomorrow's session, Thursday, while six of these substitutes refrained from attending because they are among the Sadrist bloc's candidates.



After the parliament session, Al-Halbousi thanks Al-Sadr

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After the parliament session, Al-Halbousi thanks Al-Sadr

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Speaker Muhammad al-Halbousi We have begun the path for the sake of the people, and we will go through each of his national positions inside and outside the Parliament; To achieve real reform that Iraqis aspire to, so thanks to the size of Iraq to His Eminence Sayyid Muqtada al-Sadr, who sacrifices without a price, .and is always present without absence



Former MP: Forming The Next Government May Not Take More Than 3 Months

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Former parliament member Ayoub Al-Rubaie confirmed, on Thursday, that forming the next government may not take more than three months.

Al-Rubaie said in an interview with Al-Information that “the Iraqi scene is going through a very sensitive stage, and the political blockage has been its most prominent advantages for months,” stressing that “after today’s session, the forces will be facing another stage, and it represents an important opportunity to move forward, especially as the country is going through suffocating crises.”

He added, "The formation of the next government may not take 3 months if it adopts 3 tracks, which are consensus, mutual concessions, and setting an agreed roadmap for running the country," noting "the importance of forming a government to solve crises, not a quota government that repeats previous mistakes."

Today, the House of Representatives holds an extraordinary session in order to vote on the replacements of the Sadrist movement, who submitted their resignations earlier. 



The Democrat announces an agreement with the leaders of the framework: Everything is passed

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Today, Thursday, the Kurdistan Democratic Party, Ikhlas al-Dulaimi, announced an agreement to pass everything by consensus.

The deputy of the party said in a statement followed by (Al-Oula News) that "there are intensive meetings between the Democratic Party and the leaders of the coordination framework, and an agreement was reached to pass everything by consensus."

She added that "Muqtada al-Sadr possesses the power of the street, and Masoud Barzani has the support of the international community, and therefore the coordinating framework cannot lose the power of the street and the international cover."



The Information” Reveals The Scenes Of The Deal Session: Al-Halbousi Enhances The Positions Of The Dagger With “Sheila”!

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An informed political source revealed, on Thursday, the details of the Sovereignty Alliance session, which was held yesterday evening, Wednesday, indicating that Parliament Speaker Muhammad al-Halbousi pledged to hand over all the ministries assigned to the Sunni component in favor of Khamis al-Khanjar in exchange for keeping his seat.

The source said in a statement to "Al-Maalouma", that "Al-Khanjar and Al-Halbousi held a separate meeting before sitting in the Sovereignty Hall to discuss the implementation of previous agreements."

He added, "The two parties have agreed to enter the session to install replacements for the Sadrist bloc's deputies, and a negotiating delegation will be formed directly after the parliament session to start discussions with the coordinating framework alone without its ally the framework."

He continued, "The meeting ended with Al-Halbousi's pledge to support the dagger's receipt of all the share of sovereignty from the ministries, since the first exhausted his electoral points in obtaining the presidency."

The source indicated that "the Sovereignty Alliance will formally demand the ministries of finance, defense, trade, health, culture, youth and sports, in addition to education," noting that "Al-Khanjar demanded that three governors be urgently replaced and handed over to his coalition.



Foreign workers raise unemployment among Iraqi youth and leak hard currency abroad

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I just thought this was interesting

Foreign workers in Iraq crowd out graduates, graduates, and local energies, causing the .unemployment crisis to worsen Statistics indicate that more than a million and a half foreign workers are present in Iraq, and they work in the private .sector, contributing to raising the unemployment rate to more than twenty percent Journalist Mustafa Saadoun says in a tweet on Twitter, that there are a million foreign workers in Iraq, if we assume that each person has 500 dollars a month abroad. This means that 500 million dollars go out of the country every .month

He added: This is not the loss of job opportunities for citizens. This employment can be described as consumerism, so ?why is this excessively delegated to Iraq Employment offices and the absence of government oversight contribute to the entry of more than thirty percent of .foreign workers

The head of the Diwaniyah Federation, Trade Unions and Employees, Alaa Al-Mihna, says that Iraq is witnessing a .great recruitment of foreign manpower

The writer Amir Kazem calls on the Ministries of Interior and Labor to put an end to this real problem, adding: The .people of the homeland are the first to work

Concerning the multinationality, businessman Tahsin Jamal says (in the bike language): Before Jant, only Bangladesh, .now, it became Lebanese, Syrian, Egyptian, and even some restaurants came to Turks

The blogger, Amir Al-Fahd, supported this, saying: Foreign workers are not only Bengalis and Indians, but also from Lebanon, Syria and Egypt. They are employed in companies and restaurants by a business manager, restaurant manager or accountant with a salary of $2000 or more, and if an Iraqi works as an accountant or restaurant manager, .they give him $500

According to the Labor and Vocational Training Corporation in the Ministry of Labor, the ministry has formed a working .group to organize the entry of foreign workers, relying on a real work survey that shows the volume of labor required

Most of the workers enter as tourists, and then start work in Baghdad and a number of different provinces, while Iraq .intends to implement the labor law against all violators, especially those who circumvent the law and enter illegally


An expert advises the Iraqi government: Do not believe in the current oil prices.. Your decisions will be an adventure

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The economist, Nabil Al-Marsoumi, warned today, Thursday, against taking decisions based on the current oil prices, considering this matter as “adventurism and economic absurdity.”

Al-Marsoumi said in a blog post seen by Earth News, "The current high oil prices include a war premium of no less than $30 a barrel," adding, "I mean, the current oil prices are artificial and not real prices - temporary prices and not permanent prices."

He continued, "Making decisions according to the assumption that the current prices will continue is a kind of adventure and economic absurdity."



The Iraqi parliament... Iranian loyalists grab the majority of al-

Sadr's seats

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The "Coordination Framework" coalition, which consists of Shiite parties loyal to Iran, acquired the majority of the Sadrist bloc's deputies who collectively resigned from the Iraqi parliament, making it the first force in the parliament and allowing it to form the next government.

 

The House of Representatives, which entered a legislative recess, held an extraordinary session, during which deputies took the oath.

 

64 substitute representatives took the oath collectively before the Speaker, while nine others were absent.

 

The 73 deputies of the Sadrist bloc submitted their collective resignation on June 12 in the midst of an ongoing political crisis since the early legislative elections in October 2021. 

 

Parliament Speaker Muhammad al-Halbousi announced his acceptance of the resignations, saying in a tweet: "We reluctantly accepted the requests of our brothers and sisters, the Sadrist bloc's representatives, to resign from the Iraqi parliament." 

 

The "coordinating framework" won 40 of the Sadrist movement's seats.

 

And the number of deputies for the coordination framework has increased to about 130, which makes it the largest force within the House of Representatives and allows it to appoint a prime minister and form a government in alliance with other parliamentary blocs.

 

Iraq is still unable to form a new government, eight months after the early legislative elections.

 

Before the resignation of its deputies, the Sadrist bloc was in conflict with the "coordinating framework" over who has a majority in the parliament, which includes 329 deputies.

 

Because of the political dispute and the inability of any party to resolve matters, Parliament failed three times to elect a President of the Republic, exceeding the deadlines stipulated by the Constitution. 

 

To overcome the political blockage, options were put forward, including the dissolution of Parliament and the organization of new elections, but Parliament can only be dissolved by a decision of the Parliament itself.

 

The leader of the "Sadr movement" Muqtada al-Sadr had said in a speech two weeks ago: "If the survival of the Sadrist bloc is an obstacle to forming a government, then all the representatives of the bloc are ready to resign from the parliament and will not disobey me."

 

The Sadrist movement, which heads the "Save a Homeland" alliance with the Sunni "Progress" bloc led by Parliament Speaker Muhammad al-Halbousi and the Kurdistan Democratic Party, wanted to form a majority government, stressing that they had a majority in parliament (155 deputies).

 

As for the coordination framework, he used to say that he owns a bloc of about 100 deputies, and he pushed for the formation of a consensual government that includes all Shiite parties, as has been the political tradition in Iraq for years. 

 

In light of the disruption, al-Sadr announced two months ago that he would turn to the opposition and called on his political opponents within the "coordinating framework" to form a government.

 

The framework includes Shiite blocs, most notably the "State of Law" led by former Prime Minister Nuri al-Maliki and the "Al-Fateh bloc" representing the pro-Iranian Popular Mobilization factions.

 

Despite the decline in the political bloc representing the Popular Mobilization factions in the recent elections, these formations, whose fighters are estimated at 160,000, remain an important actor on the security and political level in the country.

 

On the other hand, the resignation of the Sadrist bloc's deputies is not a complete withdrawal of the Sadrist movement from political life, according to analyst Hamza Haddad, who warned of "instability, especially if the Sadrists did not obtain positions within the executive authority."



The coordination framework announces the departure of the blockage and the initiation of the stage of forming the government after passing the replacements - Urgent

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A leader in the coordination framework expected, Thursday, to announce the formation of the next government within days without obstacles, indicating that the inauguration session .of the replacements for the resigned Sadrist movement ended the political blockage

And the leader in the framework, Ahmed Al-Awadi, said in an interview with (Baghdad Today) that "the stage of political obstruction ended forever after the new deputies took the ". constitutional oath instead of the Sadrist bloc's deputies

He added that "the political forces have entered a new political stage after completing the numerical shortage in Parliament and the emergence of signs of comprehensive political ".consensus

Al-Awadi continued, "The signs indicate an agreement on women participants in the next government among the three components, and it may be announced during the final lineup ".in the coming days

The participating political forces had issued, in the parliament session, Thursday, a joint statement after the extraordinary session, during which the coordinating framework .announced its move towards a government of partnership, consensus and balance 



The Iraqi parliament folds the page of al-Sadr..Who is the big winner?

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On Thursday, the page of the Sadrist movement's presence in the Iraqi parliament was turned over after dozens of new parliamentarians took the constitutional oath as replacements for the Sadrist parliamentarians who had resigned earlier at the request of their leader Muqtada al-Sadr.

Observers unanimously agreed that the next stage of the political scene in Iraq, "difficult to expect", may be similar to what happened after the 2018 elections, when a government was formed that only lasted one year against the impact of popular protests.

The Sadrist bloc, consisting of 73 deputies, resigned on the 12th of this month after a months-long stalemate regarding the formation of a new government consisting of winners, as al-Sadr echoed, which was met by calls from the forces of the coordination framework backed by Iran to form a "consensual" government that includes everyone. 

The number of deputies who took the constitutional oath reached 64, and nine deputies were absent for unknown reasons, according to the parliament's media office.

The coordination framework won 40 of the Sadrist movement's seats, according to a census prepared by AFP based on figures issued by the Electoral Commission. 

This means that the number of deputies for the coordination framework has increased to about 130, which makes it the largest force within the parliament and allows it to appoint a prime minister and form a government in alliance with other parliamentary blocs.

The framework includes Shiite blocs, most notably State of Law, led by former Prime Minister Nuri al-Maliki, and the Fatah bloc, which represents the pro-Iranian Popular Mobilization factions.

In the opinion of Falah Al-Mishal, a researcher in Iraqi political affairs, "what happened today does not foretell the possibility of forming a new government soon."

Al-Mishal told Al-Hurra website that "there are major problems, both within the framework and its competing parties, and outside it as well, related to the other Kurdish and Sunni blocs that were allied with al-Sadr."

Al-Mishal adds that "these differences will certainly delay the formation of the government and the vote on choosing a new president of the republic."

Parliament failed three times to elect a new president, due to the inability to achieve the required two-thirds quorum in Parliament to pass the president, which plunged the country into a constitutional vacuum without a looming solution soon.

In addition, "Al-Sadr's exit from the scene will increase the complexity, in light of the presence of a stressful street filled with crises and the lost necessities of life, and this will complicate the scene further."

Al-Sadr tried during the last period to form a "majority" government with the "Save a Homeland" coalition, which includes Sunnis and Kurds. As for his opponents in the pro-Iranian coordination framework, they want a consensual government that includes all Shiite forces, as is the custom. 

On Wednesday, Al-Sadr accused Tehran's "arms" of practicing "political violations" against the Iraqi judiciary in an attempt to "turn them in their favour."

Al-Sadr stressed that these forces, which he did not explicitly name, are "trying to exert pressure against other political blocs, whether independents or non-Shiite blocs" with the approaching date of an emergency session of Parliament.

On the other hand, political analyst Ghaleb Al-Damay said in an interview with Al-Hurra that "the chances of the framework have become very easy to form a government, despite the presence of internal differences within its ranks."

Al-Daami says: "In the end, the framework is controlled externally, not internally, and therefore the driving forces can distribute roles and solve these problems," referring to Iran.

Al-Daami believes that the coordination framework will form a new government “easily and impose its will on the Sunnis and the Kurds, and perhaps this will cause new crises,” adding that “the framework already has a Shiite crisis with the Sadrist movement, and there will be a crisis with the Sunnis and the Kurds, which means that the next government will It will have many obstacles."

Al-Damamy criticized Al-Sadr's recent move to withdraw from Parliament, adding that "the Sadrist movement handed over its weapons and power in Parliament and the government and presented it on a silver platter to its opponents."

He adds that "it would have been more useful for al-Sadr not to withdraw and instead turn to the opposition in parliament, after he failed to form a majority government, and therefore remains strong because he has committees and the position of deputy speaker of parliament and others."

However, Al-Damamy believes that the real reason for Al-Sadr's move is that he "wanted not to be part of a failed government and perhaps lose more supporters."

In an analysis published, Wednesday, on the website of the " Atlantic Council " think tank, the former US Deputy Assistant Secretary of State for Iran and Iraq, Andrew Peake, said that al-Sadr's decision to abandon his electoral victory and the collapse of his efforts to form a new government is a "gift to Iran."

Beck added that the move dealt a blow to ordinary Iraqis who demonstrated in 2019 in order to end the sectarian political system and were killed as a result.

It is also a blow to the United States, which had an opportunity to help significantly reduce the malign Iranian influence that has increased in Iraq since after 2003, according to Beck.

He concluded by saying, "This step was a loss for Washington, but it was a greater loss for the Iraqis and the majority who voted for change."

In the same context, the political analyst Al-Dawamy points out that "what the Sadrist movement depends on if the new government fails, and it is clear that it will fail, is to go to support the expected protests against it."

Al-Mishaal agrees with this proposition and believes that "all readings and indications confirm that any government formed by the coordination framework will be similar to the government of Adel Abdul-Mahdi, or perhaps worse."

Al-Mishal added, "Currently we see the same political forces recycling and producing them in a very bad way, and for this there will be very strong and angry popular reactions."

Al-Sadr's departure from the government formation process may "throw the Iraqi political scene into the unknown," according to an analysis published by the " Washington Post " newspaper, prepared by Renad Mansour, a researcher at the Carnegie Middle East Center and a fellow at Danish Aarhus University, Benedict Robin Dcruz.

The analysis quotes interviews conducted by the researchers with prominent figures within the Sadr group saying that the leader of the Sadrist movement may now focus on leading the protests against his opponents.

He adds that senior Sadrist leaders believe that their main opponents, such as al-Maliki and leaders of the Popular Mobilization Forces, are unlikely to get enough support from other parties to form a government in his absence.

And he continues, "Even if Sadr's opponents succeeded in forming a government, the Sadrist leaders say that the Sadrists can overthrow it through protests."

However, the two researchers believe that Sadr's popularity in the street is not what it used to be, especially among protesters, who believe that Sadr's followers violently suppressed the protests in 2020.

Therefore, this matter may complicate al-Sadr's efforts to return to the street again, and the Sadrists may find it difficult to win over the protests in their favour, according to the analysis.

The Washington Post analysis concludes by saying that "Al-Sadr may soon feel that this is the wrong time to get away from Parliament and return to the streets."



Al-Zubaidi: Biden's upcoming visit will witness building an alliance in the Middle East.. What about Iraq?

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Former Interior Minister Baqir Jabr al-Zubaidi published today, Thursday, his expectations about US President John Biden's upcoming visit to the region, which he said comes to build a defense alliance in the Middle East, to confront the attacks of drones, missiles and suicide boats.

Al-Zubaidi wrote a lengthy post seen by Earth News: “The collapse of the new alliance.. US President Biden’s upcoming visit to the region, specifically Israel and Saudi Arabia, is in order to build a defense alliance in the Middle East, aimed at stopping the attacks of drones, missiles and suicide boats, and it will be led by America and Israel.” Its members, however, are expected to include the UAE, Bahrain and Egypt, while Saudi Arabia is still procrastinating to enter this alliance directed primarily against Iran and its allies.

He added, "Not entering Saudi Arabia means the coalition will collapse before it begins because the joining countries will refuse to pay the bill for financing the coalition alone. Riyadh, which benefited from the truce with the Houthis, believes that diplomatic solutions with Iran are better and that the American policy toward it changes with the change of the president."

He pointed out that "Iran is capable of deploying a million diverse naval mines, closing Hormuz and Bab al-Mandab, which is under the control of its allies in Yemen, and raising the price of a barrel of oil to more than $300 a barrel, in addition to its African relations capable of stopping navigation in the Cape of Good Hope."

He also indicated that "Iran has endured harsh sanctions, is not afraid of closing the Strait of Hormuz and is ready to close it if it is attacked, which means the bankruptcy of the Gulf oil and gas exporting countries and the emergence of a global energy crisis that may cause the global economy to collapse."

Al-Zubaidi continued, "The last message sent by Tehran when three Iranian boats approached two American military ships, the warship (USS Sirocco) and the military transport ship (USNS Choctaw County) while they were crossing in the Gulf, was enough for everyone to know the strongest player in the Gulf and that Tehran is ready to escalate if the provocations continue.

He stressed that "there will remain in front of Israel only shadow wars and assassinations, which is what Tel Aviv has pursued in the past months, and despite the attempt to coordinate between America and Israel in this file, a number of members of Congress reject this matter and demand to stay away from the quagmire of the Middle East and focus on American internal files, especially the crisis." Energy and food because of the Ukrainian war, Israel will not succeed in dragging the Gulf states and America into a losing war. The big three (Iraq, Iran and Saudi Arabia) are the energy axis in the world if the file was dealt with a sophisticated policy, which reminds me of what happened during the 1973 war when the Arabs cut off oil from America and became They are the real forces in the world.”

He pointed out that "the current Iraqi government had a major role in the success of the Saudi-Iranian negotiations and achieving advanced results for the benefit of the three countries and the region."



Bearing the phrase “The alternative is coming” .. Unidentified publications found east of Baghdad

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The security forces found, today, Friday, leaflets bearing the phrase “the alternative is coming” in Sadr City, east of Baghdad, without knowing who was behind them.

A security source told Earth News, “Noting leaflets affixed to the walls of the clinic for the disabled near the control of the Dawa Party at the entrance to Al-Falah Street in Sadr City bearing the phrase (the alternative is coming).”

He added, "They were removed by the detachments with the holding pieces, while the idea of these leaflets was not recognized."

 










Below here is the WOTS for the day "Word on the Street" report:

List of the Iraqi dinar exchange rate against the dollar on the Iraqi Stock Exchange for today, Thursday (June 23, 2022), according to specialists.  


Baghdad - the stock exchange  

148,350  

—-  

The price in most Baghdad exchanges  

147,750  

148,750  

——————  

Basra - Bursa  

148,500  

———————  

Sulaymaniyah - Bursa  

148,575  

———————  

Mosul - Bursa  

148,500  

—————————  

Erbil - Bursa  

148,500  

—————————  

Kirkuk - Bursa  

148,475 




The Markets:
The Asian markets closed up NIK up by .08% HSI by 1.26% SHANG by 1.62%
The UK markets are currently trading in the red from .15% to .96% 
Our futures are currently trading DOW at 30530 by .21% SNP at 3779.25  by .43% NDX at 11654.25  by .77%

Precious Metals:
Gold is red at 1831 Silver is red at 21.15 Copper is red  at 387 Platinum is red at 918 

Brent 110 WTI  105   Bitcoin: 20,724  10 yr yield: 3.12

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1423.7000  1480.4000 1457.4000 1457.2000 1457.2000  -0.2000 08:29
 USD/VND  23244.0000  23254.0000 23232.1200 23224.2600 23224.2600  8.5400 22:50
 USD/CNY  6.7076  6.7096 6.7134 6.6993 6.7005  0.0073 05:17
 USD/KWD  0.3062  0.3072 0.3064 0.3062 0.3064  -0.0001 05:05
 GBP/USD  1.2214  1.2214 1.2265 1.2170 1.2254  -0.0040 05:17
 USD/IRR  42200.0000  42700.0000 42339.3000 42329.3000 42339.3000  70.7000 09:52
 USD/IDR  14857.0000  14877.0000 14871.0000 14793.0000 14834.0000  22.0000 05:15

Things in the News:

Iraqi Articles:

A legal expert sets a quorum for today's special session

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The legal expert, Ali Al-Tamimi, set today, Thursday, the quorum for the extraordinary parliament session scheduled to be held today.

Al-Tamimi said in an exclusive interview with "Mawazine News", "The special session can discuss topics other than what was specified in the request to hold the session, as approved by the Federal Court in its decision 99 of 2018."

He added, "The quorum for the extraordinary session is half of the total number of Parliament plus one, according to Article 59 of the Constitution." 


The Democrat announces an agreement with the leaders of the framework: Everything is passed

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Today, Thursday, the Kurdistan Democratic Party, Ikhlas al-Dulaimi, announced an agreement to pass everything by consensus.

The deputy of the party said in a statement followed by (Al-Oula News) that "there are intensive meetings between the Democratic Party and the leaders of the coordination framework, and an agreement was reached to pass everything by consensus."

She added that "Muqtada al-Sadr possesses the power of the street, and Masoud Barzani has the support of the international community, and therefore the coordinating framework cannot lose the power of the street and the international cover."



Read "Emergency SupporT

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The Law on Emergency Support for Food Security and Development, which was recently voted by the House of Representatives, and was considered effective from the date of its vote, differed from other laws, in terms of the extent of the space for controversy and disagreement and disagreement regarding it, especially in the stage that preceded the vote on it, but at the end Eventually the law passed, and the concerned government agencies (planning and finance) began working on preparing instructions for the implementation of the two articles of the law, investment and operational.


And a quick reading in the articles and paragraphs of the Emergency Support Law for Food Security and Development, we clearly notice the large expansion of many joints, which some may see, as having nothing to do with food security or development, but in fact that is not the case, food security is not It is limited to the provision of bread only, and development is not limited to the implementation of projects specifically, and that is why lawmakers went far, to ensure the sustainability of life in all its aspects, in the absence of a budget, and this absence of budget was accompanied by a noticeable rise in the prices of food, consumer and construction materials. The exchange ratio of 1/12 of the volume of spending for the previous year, according to the Financial Management Law of 2019, no longer covers the required financial spending requirements, and the scene could have become more complicated, if oil prices had not witnessed that rise in their prices, which provided a surplus. financially large, and here the equation was difficult, an equation with three paths that looks like Intersecting, a path related to the absence of the budget, another related to the rise in food and drug prices and everything in the world, and a third path, represented by the presence of a large financial surplus, so the law came to contain these ribs, and come up with an equation through which it is possible to create a state of safety in the street, and to dispel fears among people .

Without a doubt, there are many observations that rise to the level of criticism of the law, perhaps among them is the great problem in which the law fell, when it equalized between the governorates by granting each of them (1,000) job grades in the form of contract and with a monthly salary of 300,000 dinars for a period of 3 years. For years, since the law did not look at the population sizes of the governorates, it is not fair for a governorate with a population of (4) million people, for example, to be equal with another whose population is half that number, and therefore I expect this part to create a problem that the governors will face, in addition to its unfairness, It will motivate many young people to demand appointment, but on the other hand, the law has granted the provincial development program good allocations that amounted to (8) trillion dinars, which can contribute to advancing the pace of completion of stalled and lagging projects in the provinces.


As we said, the law expanded a lot, some even considered it a mini budget for the country, both in terms of the financial allocations it included (26) trillion dinars, as well as other sources, as well as in terms of the joints it included, starting with improving the items of the ration card, and paying electricity debts, And job contracts, the social protection network, and support for the ministries of agriculture, oil, construction, water resources, and education, and the law specified a number of governorates with additional financial allocations, taking into account the poverty rates in those governorates, including Diwaniyah, Muthanna, Babil, Maysan, Wasit, and Salah al-Din. And other than the paragraphs covered by the law, and therefore the law of emergency support for food security and development, and despite all the observations and criticisms raised about it, some of which were logical, I think it came at the right time, to confront a severe crisis that the country could have faced, in light of the lack of The power of the current government, submitting the budget law, according to the interpretation Federal Court.


CBI Update:  Just  a note:

They have been having auctions and the ISX has been trading regularly; the sites just don't update in time to put the information in this report, unless it is 
here.   

Click on the link above for the latest update.

The CBI for rate is 1460

The currency auction for June 23rd, 2022 total sales amount $254,188,569

including   $20,050,000. CASH 


ISX Update:   not updated

www.isx-iq.net/   

Shares Traded: 
Value Traded: 

closed 


6-22-2022  Newshound Guru Samson  Article " Iraq Achieves The Highest Oil Revenue In Its History"

6-22-2022   Newshound Guru Kaperoni 
...Yes, al-Maliki desperately wants to be prime minister again. Not good news.

6-22-2022   Newshound Guru Godlover   I try to keep things real. I just can't reasonably see them releasing a new rate in their current situation, it just seems illogical. Way too much corruption, way too much political impasses. This EFSL may very well pave the way to what we seek....but it will be some time imo

6-22-2022   Newshound Guru Militiaman  The EFSL is slated for tomorrow and or the 23rd to be law, whether it is signed by the President or not, as if it is not, it becomes law after 15 days regardless...the law was voted on 06/08/2022.

6-22-2022   Newshound Guru Godlover   I try to keep things real. I just can't reasonably see them releasing a new rate in their current situation, it just seems illogical. Way too much corruption, way too much political impasses. This EFSL may very well pave the way to what we seek....but it will be some time imo

6-22-2022   Intel Guru Bruce   [via WiserNow]   ...we have according to one individual at one of the redemption centers – he is giving it a 98% chance that we would get... (Wed) afternoon/evening - or maybe it means we set appointments tomorrow and go on Thursday – either way is a win/win  notified...Once we get that I say we are golden - we really are...we’re looking good...

6-22-2022   Intel Guru Frank26   [Iraq boots-on-the-ground TV report] FIREFLY:  On the TV today about new book put out about the stamps and the coins.  They are starting to teach us about the coins we are supposed to be getting for Iraq...

6-22-2022   Intel Guru MarkZ   [via PDK]  Things are still very quiet…but still positive... I believe we are in a holding pattern while we wait on the “trigger event”... things are getting closer...My guess is there will be a seated government in the next one to two weeks tops. They are running out of excuses not to pull the trigger.

6-22-2022   Newshound Guru Pimpy  Just because you have a lot of money doesn't mean the rate change is going to take place...You have an economy that is not stable...a government that is not even formed... There are uprising taking place...ISIS is rearing up their ugly head again...these are the things you have to take into consideration before you change the exchange rate.  Outside investors are not going to show up until it's a lot more solid... [Post 2 of 2]

6-22-2022   Newshound Guru Pimpy   I said I do not believe we're going to see any type of a rate change any sooner than a couple years.  People lost their damn minds.  They're freaking out.  I know.  I get it... [but] this is the 'stay grounded channel'.  I try to educate as I go along...showing you what it is that has to be put in place before an exchange rate of a currency can be considered.  Iraq is nowhere near there... [Post 1 of 2....stay tuned]

6-22-2022   Newshound Guru Tivon  Article: "A statement by the Ministry of Finance on the debts of social protection beneficiaries"  I wouldn't understand someone reading this...Financial Stability, Reducing Poverty, or Social Protection, and not think they can achieve this without granting "Purchasing Power" which would require them not only to reinstate the currency but also installing the NSCN...The next 24-48 hours will tell us alot...We are in prime position right now. This is unfolding beautifully.

6-22-2022   Guru Nader From The Mid East  Sadat [Sadr] is back to parliament to get maliki out Iraqi dinar.

6-22-2022   Intel Guru MarkZ   [via PDK]   [Mark, do you know when the last RV happened?]  The last major one was Kuwait in 1992…then in iraq in the early 70’s it RV ‘d in similar numbers as we are looking at now. Iraq has had 3 over the last 100 years. After world war 2 there were a number of them like in Germany and Japan.

Catnip's Corner:
On Hiatus

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