HowieC

It adds legitimacy and stability . THAT they need.

"also...an art icle that they were signing the HCL law today…It was a big, big day in Iraq. " Would you mind pointing me in the direction of this article? HUGE news...having a hard time locating it. Thanks for all you bring Ron

What does JPMorgan's willingness to support Iraqi banks mean? Free - Washington June 10, 2023 JPMorgan is the largest US bank in terms of financial assets Source: @cbiraq The US "JP Morgan" bank expressed its willingness to support Iraqi trade financing operations, during a meeting with the Governor of the Central Bank of Iraq, on Friday. He called on the Iraqi Central Bank, "JP Morgan" to open a representative office in Iraq, "promising it to provide the necessary support to facilitate this step because it represents positive repercussions on the Iraqi economy in general," according to what the Central Bank of Iraq reported on its official website . In an interview with " Al-Hurra " channel , the economist, Mahmoud Dagher, says that "GB Morgan" is one of the largest banks in the world, and it has great weight in the "correspondence process" between banks in the world. Step importance Regarding the importance of the bank to Iraq, the expert points out that the bank is classified in a high order, so Iraqi banks need it as an intermediary to transfer funds to exporting companies around the world, especially those that use the dollar. The expert believes that Iraqi banks need classified banks that can help them in light of changing the new international transfer rules, and that Iraq has responded to its compliance rules. For Dagher, JPMorgan could help Iraqi banks with money transfers and "capacity building" operations to establish new qualifications. As "most of the banks in the private sector...are modern and need training and development," as he put it. According to Dagher, Iraqi banks need safe, classified banks at the level of “GB Morgan” for such operations, because “Iraq is one of the countries whose imports reach $60 billion, and this is a large amount,” in addition to government imports that are just over $10 billion. dollars, according to the economist. The expert believes that whenever large banks, including JPMorgan, are able to secure credits and remittances and transfer them to the "final recipient" in European countries and the United States, "we will be able to provide better service to Iraqi merchants, while applying compliance rules." Dagher concludes that the bank "has great weight and its presence in Iraq will encourage others to enter the market, and there is a list of banks that exchange information with 'JP Morgan' to be accepted by the bank as a correspondent," according to the Iraqi expert. The Central Bank of Iraq said that the vice president of JPMorgan Bank, Daniel Zeliko, praised "the recent measures taken by the Central Bank of Iraq in the field of combating money laundering and terrorist financing and the adoption of international standards in money transfers." Free - Washington https://www.alhurra.com/iraq/2023/06/10/يعني-استعداد-جي-بي-مورغان-لدعم-المصارف-العراقية؟

Parliamentary Finance announces that agreements have been reached regarding the share of the Kurdistan region in the budget 09:11 2023-06-04 621 local 0 A member of the Parliamentary Finance Committee, Mueen Al-Kadhimi, announced that a consensus had been reached regarding the paragraph for exporting the oil of the Kurdistan region in the current year’s budget. Al-Kazemi said, in a statement, followed by Al-Mutallaa, today, Sunday, that: “The negotiator of the Shiite framework reached a consensus with the Democratic Party on the constitutional mechanism for exporting oil from the region.” And he added, “Dialogues are currently ongoing between the two parties regarding Article 14 of the budget, which consists of 12 paragraphs, 6 of which are agreed upon within the government text, and 6 other paragraphs are being discussed because the region considers them interference in its affairs.” Al-Kadhimi added, "Discussions are underway regarding the management of border crossings between the federal government and the region, and preventing the extraction of oil from the Nineveh and Kirkuk fields by Kurdistan." The member of the Parliamentary Finance pointed out that “matters and disagreements will reach compromises during the next week, warning that the Finance Committee will make amendments to the budget and complete the transfers schedule and refer it to Parliament for a vote on it.” https://almutalee.com/news/المالية-النيابية-تعلن-التوصل-لإتفاقات-بشأن-حصة-إقليم-كردستان-بالموازنة?fbclid=IwAR0dacT_rKXTR2kTzJ-a9MqAqiXqxpJtq0NG16V2AG9ZmA_3V4jiu5v3PGo

Too much time is going by with this budget. Now all the blocks are picking it apart. They should have slammed it home fast. Like someone in the US once said.." pass it to find out what's in it" lol

Exactly my first thought. Troops going into Iraq can be for stability purposes. Although with this twisted administration....who knows.

Nader is a fig newton of his own imagination.

They spend more time in Washington than Obiden

Stick every one of them in a pot and the Barzanis are more corrupt.

Has Iraq ever ever performed on a "drop-dead date"? I don't remember them getting out of their own way!!

I wonder how much is stalling directly related to the cluster going on in the US.

Thank you HS...I knew my wording was off ! 😄

That sounds familiar! " Just pass it then we'll read it" lol

They haven't had enough TIME to figure it out yet.

These people like to talk. Lower denoms are already printed.

There's a war going on behind the scenes right now trying to do something about it. Sure either way we'll pay taxes as usual....but there's more to it.

I completely agree Luigi1. Kuwait reinstating was a whole different scenario, and no where near the volume of this. If this goes down while the powers that be are in power, they will steal us blind, through taxes and/or massive bail ins. JMO but I think right now Iraq is lined up with the Bric Nations and putting on the BIG STAHL until time for the QFS to kick in. Something the cabal and deep state are trying to fight.

So sorry if this sounds stupid and uninformed... I guess I've missed the articles that say the RV is in the budget? I realize this is the first 3 year budget. But like all the budgets over the years...This one has the RV in it ? I'd love to think so. Please enlighten this dense old boy, lol.

Bottom line...The hold up is that we're deep into the process of bringing down the cabal/DS. JMHO

The walls are closing in on them. They can only jerk around for so much longer.

They have a completely different mentality when it comes to the value of their currency than say Chii nah, or Vietnam. Not to mention how they do business or going international.

IT HAS BEEN SAID.....They have to be done with the entire switch over & Revaluation of currencies by 6/30/23. Fed- Now arrives in July & they want everyone in the QFS by then, so we know it won't go longer. Says here in small print.......

From all the articles pertaining to Sudani's issues with Halbousi. I would think Halbousi knows He's history if it doesn't go through...JS Sudani is finally a PM battling for the people.

Old potato head plays both sides really well...