Luigi1

Clare Article: "The US Federal Reserve adopts a new strategy towards Iraq. The dollar is threatened with rising to unprecedented levels" Quote: "The Federal Bank has detected political influences from the Iraqi government. The US Federal Reserve will not be able to wait forever, and it is expected that there will be federal measures that may occur at any moment, and there will be a sudden and large demand for the dollar, which will lead to a decrease in the value of the Iraqi dinar against the dollar, which will generate great pressure on the Iraqi banking system, the Iraqi economy and the official political system."🙏 The US is holding up the RV-RI process, not Iraq. How much more evidence do we need?

One step forward & two steps back. It seems like corruption is getting worse, not better.

Here's another article related to the above...Corruption in the Budget Law is the reason why it was sent back for another review... FROM OTHER SOURCES: 15 Trillion Dinars Raises Controversy In The Budget. ARTICLE: The manipulation of the budget has sparked controversy between the government & the House of Representatives. Economic expert Salah Nouri “It is too early to analyze the amount of {15} trillion Dinars, as it is now the subject of controversy over falsification of the Budget Tables between the House of Representatives & the government.” Salah added, “Assuming that there is an increase of this amount in the operating Budget, it increases the Budget deficit & increasing the deficit is a step towards a liquidity crisis.” The Parliamentary Finance Committee revealed, yesterday, Wednesday, different Budget Tables before & after its approval, with a difference of 15 trillion Dinars. Committee member, Moeen Al-Kazemi told {Euphrates News} that the Budget Tables that arrived from the Council of Ministers & were approved inside the parliament are the same as the government tables; therefore, the letter that we received from the Council of Ministers that the tables that were referred after the vote have a difference & a large difference in some chapters that reach 15 trillion Dinars. He added that the spending budget amounts to 211 trillion Dinars; but the tables that were signed by the Parliament Presidency & sent to the Council of Ministers read 226 trillion Dinars. Al-Kazemi explained that the PM’s Office sent the table signed by the Parliament Presidency, which included: – An increase in the amount of the ration card by 5 trillion Dinars. – Increase in oil revenues by 5 trillion Dinars. – Reduce fees by 5 trillion Dinars. – In addition to financial increases for the Ministry of Electricity & some governorates.

Luigi's opine... CBI USD auction reserves still stands at $100 Billion for the last five years in spite of record breaking auctions in recent months. Where did all this money go? Nobody knows nothing.

This has been going on for at least 15 years. Alak & Maliki are Iran agents. Iran is still stealing from the auctions via USD. Auctions increased even more & Iran is benefiting even more as Iraqi citizens suffers.

Here's some articles of Dinarian interests... -Black Money” Fuels The Investment Stock Exchange. -Parliamentary Finance Reveals A Legal Violation Involving The Governor Of The Central Bank. -Gold Reserves Rise To 148.3 Tons. Iraq Corruption is a lot bigger than we thought. Nations around Iraq continue to bleed Iraq. Treat as rumors. Not verified. Your opine. Luigi's opine... It's about time the Gov of CBI is brought up on charges of corruption & mismanagement. There may not be RV-RI any time soon until CBI is cleaned up over mismanagement. FROM OTHER SOURCES: Black Money” Fuels The Investment Stock Exchange. ARTICLE: Countries That Flourished With Iraq’s Looted Money. Former MP Manar Abdul Muttalib identified the features of black money in the Iraqi Investment Stock Exchange, indicating that this money stolen from the Iraqi treasury has revived the economies of several countries. Abdel Muttalib said in an interview with “Baghdad Today”, “There is no accurate figure on the amount of money looted in Iraq after 2003, but all indicators indicate that it is hundreds of billions of Dollars, some of which were smuggled abroad & others were transferred to support the building of economic wings for parties, forces & companies.” She added, “The investment environment in Iraq is going against the trend in the world, in that anyone who has $100,000 can invest in a project worth $100 million. This is a paradox, especially since the state is providing land for free & it is investing in customers’ money, especially in housing projects, which represent a fertile environment for attracting… “Money.” Abdul Muttalib pointed out that black money (referring to corrupt & plundered money) “is present in all sectors, including investments, but the possibility of detecting it is difficult & complicated because there is no money in the names of politicians. However, seeing the level of prosperity and opulence and comparing it with their situation years ago gives an indication of the extent of corruption.” She explained that “corrupt money smuggled to neighboring countries & was put into large investment projects that revived the economies of several capitals, to the point that those countries do not actually cooperate with Baghdad in order to clarify the fate of Iraq’s money because they benefited in different ways,” indicating that“ searching for Iraq’s previous money is difficult.” But what is most important is to reconsider the investment file, bring it within a scope that serves the country’s economy & adopt serious steps to combat corruption in order to preserve the remaining wealth of the country.” -The CBI “Warns” Against The Circulation Of Souvenir Notes Denomination Of One Million USD. The CBI renews its warning against the promotion of souvenir bills in the denomination of “one million” US dollars that are used to defraud & defraud citizens. Emphasizing that the security & regulatory authorities will pursue the people who promote these memorial papers and take legal measures against them. Pointing out that the highest denomination in circulation for the US Dollar is the $100 denomination. It is noteworthy that the aforementioned commemorative note is not circulated in the global money markets as it is issued by the American Millionaires Association. This note is not considered a banknote because it is not issued by the US Federal Bank & does not represent any financial bond & is used for gifting purposes only. In February 2020, the Central Bank of Iraq warned against the circulation of the “one million” Dollar bill because it is a non-cash paper. CBI information Office 25 – July – 2024. -Parliamentary Finance Reveals A Legal Violation Involving The Governor Of The Central Bank.. What About The Dollar? The Parliamentary Finance Committee confirmed that the CBI procedures to change the exchange rate of the Dollar in Iraqi local markets did not have any impact & did not achieve any real actual results, revealing a legal violation involving the Governor of the CBI, Ali Al-Alaq. A member of the Finance Committee, Muhammad Nouri , said in an interview with Al-Sumaria News,“The CBI is still continuing with its wrong procedures that have not achieved any effect & have not achieved any real actual result in changing the ER of the Dollar in the Iraqi local markets, which has negatively affected the Iraqi reality & has increased.” “Inflation rates have increased significantly in recent days.” He added, “There is work on this issue by the Parliamentary Finance Committee, whether it is interrogations or changing the governor of the CBI due to the legal age, as he has exceeded the legal age & this is a violation of the Civil Service Law,” pointing out that “many topics will be addressed by the Council in the coming days, especially the Dollar file.” Because of the great delays, in addition to the control of foreign banks owned by foreign capital owners, this causes an imbalance in national security & Iraqi economic security.” Some time ago, the price of the dollar decreased in the parallel market, as it stabilized at 145 thousand Dinars for every 100 Dollars over the past period, but it rose again to exceed 150 thousand Dinars a few days ago. Since the beginning of last year, Washington has intervened to limit the smuggling of Dollars from Iraq, which led to a rise in the price of the Dollar in the local market to a record level of 170,000 dinars per 100 Dollars, due to the decline in the CBI’s sales of Dollars, given its subjection to the international “SWIFT” financial system. It is noteworthy that the CBI decided to finance trade in the Euro, the Chinese Yuan, the Emirati Dirham & the Indian Rupee, in steps to reduce the demand for the Dollar. -Iraq’s Gold Reserves Rise To 148.3 Tons. Recent data released by the International Monetary Fund (IMF) showed that Iraq & Qatar increased their gold reserves. According to the IMF, Iraq’s gold holdings climbed by 2.64 tons in May 2024, bringing its total gold holdings to 148.3 tons. Additionally, the report indicated that in June 2024, Qatar added 3.11 tons to its gold reserves, bringing them to 106.4 tons. This growth reflects Iraq’s ongoing efforts to diversify its foreign reserves and improve long-term financial and monetary stability. Gold is a traditional safe haven for investors, particularly during times of economic & geopolitical instability. In its latest report issued in April, the World Gold Council revealed that Iraq maintained its position as the 30th-largest gold-holding country out of 100 countries, as its gold possessions remained 142.6 tons, representing 8.4 percent of the rest of its other reserves.

Here's some articles of Dinarian interests... Trump to speak at Bitcoin conference. Gold, silver & UST prices retreats. Trump takes on a special interest in advancing the US towards the GCR, gold standard. Treat as Rumors. Not verified. Your opine. FROM OTHER SOURCES: Ethereum Price Rebounds 6% as Donald Trump to Speak at Bitcoin Conference. ARTICLE: Ethereum price reached $67,432 on July, up 6% for the day as bull traders place bet worth $1.38 billion ahead of Trump’s speech at Bitcoin Conference this weekend. ETH price looks set to record more upside amid the ongoing market shakeup. -Gold price collapses to two-week low amid robust US economic data. —Gold prices fall 5% from July 17 peak of $2,483 to $2,364. —US Q2 GDP beats expectations, strengthening the US Dollar & impacting gold. —Market certainty grows for a Fed rate cut in September as Treasury yields decline. Gold price tumbled to a two-week low on Thursday after the US Bureau of Economic Analysis reported that the economy in the US fared better than expected in the 2nd quarter of 2024. This weighed on the precious metal, which lost over 1.30%, and XAU/USD trades at $2,364 at the time of writing. Bullion prices hit their highest level on July 17, at $2,483; since then, they have fallen about 5% toward the current spot price. XAY/USD’s fall is mostly attributed to profit-taking as UST yields also dropped while the Greenback remained firm. US data revealed that the Gross Domestic Product in Q2 was better than expected, crushing the 1st-quarter numbers. Meanwhile, the number of Americans filing for unemployment benefits dipped compared to the week ending July 30. Durable Goods Orders contracted more than -6%, though excluding aircraft and transport, they recovered from May’s drop. Despite all that, the US 10-year UST note coupon edged lower by more than four basis points (bps) and ended at 4.245% on Thursday. According to the CME FedWatch Tool data, investors seem 100% certain that the Federal Reserve will slash interest rates a quarter of a percentage point at the September meeting. -Daily digest market movers: Gold price on the backfoot as US GDP advances. —US GDP for Q2 2024 jumped from 1.4% to 2.8% QoQ, exceeding forecasts of 2% on its advance reading. —US Initial Jobless Claims for the week ending July 20 rose by 235K, less than the estimated 238K and lower than the previous week’s 245K. —US Durable Goods Orders plummeted by -6.6% MoM in June, significantly below the estimated 0.3%. However, Core Durable Goods, which excludes aircraft, expanded by 0.5% MoM, up from -0.1% and above the consensus projection of 0.2%. —The Fed’s preferred measure of inflation, the Core PCE, is expected to dip from 2.6% to 2.5% year-over-year (YoY). -Silver Price Forecast: XAG/USD retreats from $28 amid uncertainty ahead of US core PCE Inflation. Silver price exhibits weakness with investors focusing on the US core PCE inflation for June. The Fed is expected to start reducing interest rates from the September meeting. China’s dismal economic outlook has dampened Silver’s demand as an industrial metal. Silver price (XAG/USD) falls back after a short-lived pullback move to near $28.00 in Friday’s European session. The white metal remains in the bearish trajectory amid uncertainty over its demand as an industry metal globally. The lackluster outcome of China’s Third Plenum, its weaker-than-expected Q2 Gross Domestic Product (GDP) growth, and an unexpected rate-cut decision by the People’s Bank of China (PBoC) have pointed to a slowdown in the world’s second-largest nation. This has raised concerns over the scale of business investment and consumer spending. Silver as a metal has applications in various industries such as renewable energy, electric vehicles (EVs), and electrical appliances etc.

Here's another article related to the above...The weak USD is not even close to being a strong currency in the global marketplace. What are the top 10 strongest currencies? Here are the top 10 strongest global currencies in 2024:2 PositionCurrencyCountryCode. 1 Kuwaiti dinarKuwaitKWD. 2 Bahraini dinarBahrainBHD. 3 Omani rialOmanOMR. 4 Jordanian dinarJordanJOD. 5 British poundUKGBP. 6 Gibraltar poundGibraltarGIP. 7 Cayman Islands dollarCayman IslandsKYD. 8 Swiss francSwitzerlandCHF. 9 EuroEuropeEUR. 10 US dollarUnited StatesUSD.

Here's another article related to the above... China & Russia are leaving the US economy in the dust by going digital. Treat as a rumor. Not verified. Your opine. From Other Sources: PUTIN WANTS RUSSIA TO EMBRACE THE DIGITAL RUBLE. “The digital Ruble has proven its viability & it is time to move on to a wider use of the currency, Russian President Vladimir Putin said at a meeting about the economy.” “Digital currency works much the same way as national currencies used by central banks of various countries, making transactions more transparent & easier to track. Russia is not the first country to think about going digital; the leader in this sphere is China, which was among the first nations to widely introduce digital currency with the digital Yuan, Natalya Milchakova, lead analyst at Freedom Finance Global, explained to Izvestia. Only a few countries have fully switched over to using digital currencies, mostly countries in the Caribbean, such as the Bahamas & Jamaica.” “”Russia wants to be at the cutting edge of modern technologies, including financial services. The DFA (tokens) market is already taking off in the country, including those issued by major industrial enterprises in order to inject money into promising projects,” Milchakova explained. Putin wants to take this a step further: to move on to a wider large-scale implementation of the digital Ruble in the economy, business & finance. This may help the government in terms of controlling the budget, cutting the cost of budget payments & easing trans-border transactions.” “The digital Ruble has a chance to become a full-fledged payment instrument for individuals & companies but to make this a reality, the government has a lot of work to do & it must learn from past mistakes made by other countries when implementing such currencies. There, people saw certain risks for financial confidentiality or restrictions of financial freedom,” the legislator noted in a conversation with Izvestia.”

Here's an article of Dinarian interests... Resets, The Global Economy & SWIFT System Meltdown. We are on the threshold of a new global financial system. NOTE: This is only the view of the author & speaks in general terms & not in specifics. Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: Resets, The Global Economy & SWIFT System Meltdown. The Quantum Financial System (QFS) is setting the stage for a global financial reset like no other! This is the evolution of the gold standard, perfected & immune to corruption. For far too long, the established powers have manipulated our understanding of financial stability, presenting the gold standard as an outdated relic while continuing their reign of exploitation. But now, the tides are turning & the QFS is the spearhead of this monumental shift. -GESARA: The Catalyst for Global Transformation. To transition into GESARA/Greatness, the powers that be are orchestrating a false 3rd World War scenario to sound alarms in every National Military Command Center. This is to justify the many things that have transpired across the globe. The implementation of Military Law GESARA has already begun, with Secret Military Tribunals, confessions & executions taking place behind the scenes. The armies of the world are being mobilized not for war, but for recon+struction & the salvation of humanity. We are on the brink of achieving true freedom, saving our children & liberating the world from corrupt, enslaving governments. A global blackout is underway, serving as the precursor to NESARA/GESARA. Major alerts are in effect! Blackouts are ongoing worldwide! Banks are closing their doors! All flights are being canceled! The stock market has crashed! Mass media is vanishing & the internet is being shut down! A global cyber disruption is wreaking havoc on airlines, bank & media from the US to Australia. -The Quantum Financial System (QFS): End of Cabal Financial Tyranny. In a world long plagued by financial manipulation & political corruption, the Quantum Financial System (QFS) has emerged as a revolutionary force, ready to dismantle the shackles of the old order. The QFS is a reality that is reshaping the global economic landscape & sending shockwaves through the halls of power. Politicians & bankers are trembling in the wake of their impending downfall. The promise of GESARA is on the horizon, heralding a new era of transparency, accountability & prosperity for all. The QFS is unparalleled in its advancement, with corrupt officials caught red-handed, arrested & sent to Gitmo, Cuba, to atone for their crimes in real-time. The Deep State is fading away & GESARA is within reach. Every country must comply with GESARA to participate in the QFS.

Where's my RV-RI? I want my money & I want it right now. Go RV.

NOTE: Some Gurus are saying we are exchanging today & tomorrow...there is supposed to be an alleged in-country rate yet nobody seems to know what the rate is...we heard all that song & dance before...I say BS...stay grounded... MarkZ Update- Some highlights by PDK-Not verbatim. THREAD: MarkZ: Happy hump day……hoping for a happy RV day soon. Member: Today is Hump Day so let’s water this camel & head to the finish line. MZ: Nothing negative…..just dry on the bond side…there are lots of rumors- just nothing worth repeating ….imo…. sometimes we see days like this. If any of those rumors were true…you would already know it because we would be exchanging. Member: No news is better than fake news. Member: Feels like 2 steps forward, 1 step back. Please let’s just go! Member: At least the market is down almost 300 pts. Member: S&P 5005,473.42-82.32(-1.48%)Dow 3039,960.26-397.83(-0.99%)Nasdaq17,625.73-371.62. Member: Boards are blazing with this week or weekend but rumors are rumors until vetted. Member: Rumor from Bruce-notifications tomorrow? Member: Hoping he is right. Member: Mark should we be on stand by for Notification today. MZ: It’s absolutely possible. I would not rule it out. Member: Mark. Have some trader friends that 2 years ago said I’m crazy thinking gold & commodities backed currencies. told me yesterday they believe that is what’s going to happen. Member: (Fro dinar Guru) Guru Mnt Goat Again, I have to ask as to why the reinstatement has not already occurred, if no other rate on FOREX than to reflect the assets of the oil rentier economy already established & ongoing as we know it prior to 1990. Prior to 1990, the rate of the Dinar was hovering around $3.22. So why are they still artificially suppressing the rate now? Now, it’s 1/6 of a penny? The war has been over for 21 years, all of Chapter VII sanctions are lifted a year & a half ago, Iraq is producing 1/3 more oil than in 1990, their monetary reserves are the highest in history, up to 150 tons of GOLD & many more other marketable assets are now in motion. Member: Who will the emails come from for notifications? MZ: Totally Depends on where you signed up at to get notifications from. It could totally be different for you than it is for me. Dinar Recaps, Chronicles , ect. Member: The hard part for us we know the truth & we are impatient & want the truth to come out & this whole movie psyop whatever it is to end. Member: You’re in a psyop stuck inside of a movie wrapped up in a reality show. Soon, it will be a documentary. Member: The rats sure seem to be able to hold on. Roll credits please. Member: It looks as though we’re headed into the home stretch! Member: Lord, we are weary, BUT we are ready !! Strengthen our resolve to help make this the world you wanted for us! Member: Mark & Mods and PDK, thanks for all you guys do! MZ: FYI- There will not be a Saturday podcast…..have visitors in town. Member: Blessings to All have a wonderful, wonderful day.

The only way to minimize the fallout from the collapse of the USD is to go totally digital gold or asset backed & to wipe out all US debt via the GCR jubilee. IMHO.

Here's some articles Of Dinarian interests... -The Budget Is Not in The Gazette. -Parliamentary Investment: Approval Of The Arbitration Law Will Protect Foreign Capital From Sanction. -The Government Approves A Package Of New Decisions. Treat as rumors. Not verified. Your opine. Jeff: The Budget Is Not in The Gazette. ARTICLE: The Budget hasn’t been implemented because it’s unconstitutional. -President Of The Republic: Iraq Is Politically, Security-Wise & Economically Stable & Supports Human Rights. President of the Republic: Iraq is politically, security-wise and economically stable and supports h Screenshot-gallery-97 {Politics: Al Furat News} President of the Republic Abdul Latif Jamal Rashid confirmed today, Tuesday, that Iraq seeks to develop its relations positively with various countries of the world, based on the stability it is witnessing on the security, political and economic levels. The Presidency of the Republic stated in a statement received by {Al Furat News}, that “Rashid received at the Baghdad Palace, the German Federal Ambassador Christine Hohmann, the Chargé d’Affairs of the Kingdom of the Netherlands Laetitia Van Asch, the Canadian Chargé d’Affairs Marie Therese Hilal, in addition to the Political Advisor to the Embassy of the United Kingdom Angus Clarkson.” The President of the Republic pointed out that “the Iraqi government is working on developing comprehensive plans to rehabilitate & operate factories & plants & attract investors due to the existence of equal and promising opportunities for companies to invest in Iraq through vital & developmental projects, especially since Iraq today enjoys political, security & economic stability.” He stressed, “Iraq’s efforts in combating violence against women & children, finding solutions to the issues of displaced persons, supporting human rights in general & the means to activate joint international cooperation in this field,” noting that “Iraq cares about & supports human rights in a distinctive way & supports its principles & adopts them as a basis for legislating its laws & organizing community work, as all complaints in this regard receive attention and follow-up from the Presidency of the Republic & the relevant authorities.” In turn, representatives of diplomatic missions expressed their happiness with the “development taking place in Iraq,” stressing “their countries’ keenness to support Iraq’s stability and expand the horizons of cooperation with it in various fields.” -Parliamentary Investment: Approval Of The Arbitration Law Will Protect Foreign Capital From Sanction. Member of the Parliamentary Economic and Investment Committee, MP Mohammed Al-Ziyadi, confirmed today, Tuesday, that the approval of the arbitration law will protect foreign capital from international financial sanctions. Al-Ziyadi said in a statement to / Al-Maalouma / agency, “Tomorrow’s session will witness the first reading of the arbitration law, which is a step towards activating commercial investment in Iraq.” He pointed out that “Iraq is in dire need of approving this law because it will open up horizons for commercial cooperation & investment of funds, in addition to thinking about ways that help attract investors and capital.” -The Government Approves A Package Of New Decisions. The Iraqi Council of Ministers approved a package of decisions in various economic & service sectors, most notably the construction of dozens of schools in a number of governorates. The PMs Media Office stated in a statement that the Council held its 13th regular session chaired by Muhammad Shiaa Al-Sudani, during which the general situation in the country was discussed & the implementation of the government program priorities was followed up. The session reviewed the most important files related to development & economic aspects, as well as considering the topics on the agenda & making decisions about it. Al-Sudani stressed that the ministries & security agencies must rely on what is available at the Military Industrialization Authority, especially since the equipment & products it produces conform to standards and at an appropriate cost, which represents an essential factor in achieving autonomy. He stressed that these industries could be a base for developing multiple civil industries, because part of the factories serve civil ministries, including the electrical transformer rehabilitation factory. 1- Increasing the total cost of the project (acquisition of the plot of land numbered (5686/1) m 43, Yaramjah al-Sharqiya/Mosul, Nineveh Governorate)/Ministry of Justice. Al-Ziyadi stressed the “necessity of not touching the foundations of the state and the integration of government institutions.” It is noteworthy that the Presidency of the Iraqi Council of Representatives included the 1st reading paragraph of the draft arbitration law in its session that will be held tomorrow, Wednesday. 2- Approval of the amount of the increase due on undisbursed dues, within Cabinet Resolution 301 of 2021, in (Contract 1 Direct Invitation/2012), a project to build (251) school buildings, using the prefabricated concrete construction method, in the governorates except Baghdad. In the project contract (4/assignment/2012), which includes the construction of (73) schools using the prefabricated concrete construction method in the governorates of Baghdad and Babylon, with (60) schools in Baghdad and (13) in Babylon. In the draft contract (1/assignment/2012), the construction of (65) schools in place of those in danger of collapse, of various capacities, using the prefabricated concrete construction method, with (20) in Babylon, (41) in Muthanna, & (4) in Diwaniyah. 3- Approving the amount of the increase in the total costs and the reserve percentage for the projects recorded in the letter of the Ministry of Planning, dated July 8, 2024, which includes the previously executed spare orders, which are required to be implemented ( the 2nd phase) & the spare orders resulting from the amount of uncompleted works in accordance with the decision of the Council of Ministers (301 For the year 2021). 4- Increasing the amount of reserve for the contract (construction of the North Tikrit Bridge) and its approaches (first phase) within the project (construction of the Tikrit Concrete Bridge (North Tikrit Bridge) and its approaches). 8- Increasing the amount of reserve & the total cost of the main project (paving streets in the center of Basra Governorate with sidewalks, number 7). In the course of treatments for the electric power sector, the Council of Ministers approved the recommendation of the Central Committee for Review & Approval of Referral in the Ministry of Electricity, regarding the signing of a contract addendum with BFT Company within the investment plan, which Includes the design, equipping and implementation of electric power transmission lines by the concerned company, according to the following: 1-Adopting the prevailing standard costs that serve the interest of the Ministry of Electricity. 2- Determine the lines that will be implemented within the contract, after obtaining the necessary approvals, provided that they do not exceed the contractual financial ceiling specified in the contract annex & only mention the total lengths of the lines. 3- BFT Company shall bear the previous bank commissions, while the General Company for Electricity Transmission/Central Region shall bear the integrity & accuracy of contractual procedures, in accordance with laws, regulations & instructions. Within the framework of developing & supporting the national industry, the Council approved the recommendations of the minutes of the meeting of the Dry Gas Committee for Investment Projects, regarding (Khor Al-Zubair Fertilizer Factory/ Southern Fertilizers General Company, Abu Al-Khaseeb Fertilizer Project/ Under Referral Procedures & New Projects), taking into account the comments of the Minister of Industry & Minerals at the minutes, including: 1- Determining the price of dry gas supplied to the Southern Fertilizers Factory: 50 Dnars/mqm, for the General Company line & the partnership line with the private sector & the price of gas for the attached projects shall be 75 Dinars/mqm & the new projects that are announced shall be according to a price equation agreed upon between the Ministries of Oil & Industry & with the approval of the Ministerial Council for the Economy. 2- The Ministry of Oil is committed to allocating & equipping new industrial projects planned to be established in partnership with the private sector, by public companies in the Ministry of Industry & Minerals, with quantities of dry gas, according to the need of those projects for quantities, and according to & timetable for equipping, & at prices that achieve the economic feasibility of establishing those projects & the quantities & prices are regulated through an agreement between the Ministries of Oil & Industry & with the approval of the Ministerial Council for the Economy. 3- The Ministry of Industry & Minerals shall restore the economic balance of the partnership contracts that have been concluded, or that are under contract to establish new industrial projects, by renegotiating with the companies participating with it, to reach an economically feasible formula that ensures the continuation & continuation of implementation, in a manner that does not harm the interests of both parties. The Council of Ministers approved the recommendations of the competent authority in the Ministry of Industry & Minerals (Industrial Development and Organization Department), based on the Iraqi Products Protection Law (11 of 2010) amended, as follows: 1- Extending the imposition of an additional customs duty of 65% of the unit of measurement of the product (plastic ampoules), imported to Iraq from all countries of origin, for a period of 4 years & without reduction. 2- Imposing an additional customs duty of 30% of the unit of measurement of a product (aluminum cans for soft drinks, juices & energy drinks). 3- The Ministry of Finance/General Authority of Customs shall apply the customs duty on the aforementioned products & notify the Ministry of Industry & Minerals/Department of Industrial Development and Organization, with a periodic notification about the imported quantities, the value of the additional duties on the imported foreign product, the exporting countries & the importing entities. In the oil sector file, the Council of Ministers approved the recommendation of the Ministerial Council for Energy (24062 T) for the year 2024 regarding the authority to purchase & implement, which includes raising the authority to purchase & implement the Oil Projects Company for the project (the connecting pipeline network for the unit/FCC, in the Basra refinery), from 100 million Dinars to 500 million Dinars, based on the instructions to facilitate the implementation of the Federal General Budget Law of the Republic of Iraq (1 of 2023 ). The Council approved the recommendation of the Ministerial Council for the Economy (24225 Q), regarding the approval of the report of the committee formed in accordance with the Diwani Order (24573 of 2024), issued by the Office of the PM, regarding studying the economics of the oil & gas sector in Iraq, leading to approving & showing the real costs along the way. The value chain, according to economic principles. In the process of developing the infrastructure of border crossings to receive visitors and expatriates, the Council of Ministers approved the Ministry of Finance allocating an amount of (5) billion dinars to Wasit Governorate from the emergency reserve, based on the provisions of the Federal General Budget Law (13 of 2023), for the rehabilitation & establishment of a “transport square.” Visitors at the Zurbatiyah border crossing with its annexes, in a regular, geometric manner befitting the status of Iraq & the reception of visitors. The Council also approved the Ministry of Finance allocating an amount of (7) billion dinars to Maysan Governorate from the emergency reserve, in accordance with the provisions of the General Budget Law, for the purpose of urgent rehabilitation of the Al-Shayb border crossing, Including the establishment of 3 squares, in preparation for the influx of visitors to the holy shrines on the fortieth anniversary of Imam Hussein. ‘ Maysan Governorate should follow the direct invitation method, as an exception to the instructions for implementing government contracts (2 of 2014) for the purpose of implementation & assigning Maysan Governorate to implement the project (establishing the new Al-Shayb border crossing) in a turnkey format, as an exception to the controls attached to the instructions for implementing government contracts. The Council also approved the Ministry of Finance allocating an amount of (3.5) billion dinars to Diyala Governorate from the emergency reserve, based on the Federal General Budget Law, for the purpose of rehabilitating the Al-Mundhiriya border crossing, in preparation for receiving visitors & authorizing Diyala Governorate to have direct implementation authority for the purpose of implementing the project & it includes (Project Establishment of the new Al-Mundhiriya border crossing) within Diyala Governorate’s allocations from the Liberated Governorates Reconstruction Fund. In this regard & in order to benefit from the experience of the Supreme Authority for Hajj and Umrah in the processes of delegation & reverse delegation; The Council approved the following: 1. Authorizing the Authority to contract with private transport companies for the purpose of renting (2000) buses, as an exception to the Government Contracts Implementation Instructions No. (2) of 2014, and the controls attached there for the purpose of transporting visitors to Imam Hussein (peace be upon him) during the fortieth visit. The Ministry of Finance allocates the required amount from the budget of the Prime Minister’s Office. 2. Reducing the percentage of tax withheld from contracted transport companies on contracts concluded from (3%) to (1%), according to the authority vested in the Ministry of Finance. 3. Approval of the guarantees submitted to the Supreme Authority for Hajj and Umrah by the companies to be contracted with, in accordance with the fundamental mechanisms and procedures followed by the Authority for contracting purposes. 4. Approval of subscription receipts for companies to be contracted with in the Department of Labor & Social Security. 5. The Supreme Authority for Hajj and Umrah is responsible for the validity & safety of contractual procedures & the PM’s Office forms committees to follow up & monitor the work mechanism. In order to develop the work of the Iraqi air system and raise its level of efficiency, the Council agreed to exempt the General Company for Airport & Air Navigation Management from contracting methods and instructions for implementing government contracts (2 of 2014), in implementing projects related to developing the infrastructure for special devices & equipment for air traffic management systems. Navigation, radars, air guidance & automated landing systems, communications for air navigation & cybersecurity systems, as well as what is related to restructuring Iraqi air routes, linking them to the global network of neighboring countries, transforming the navigation system in Iraq, & reducing the longitudinal separation between aircraft, which contributes to increasing the density of aircraft movement. In the Iraqi airspace, it maximizes the company’s resources. It was approved to authorize the Ministry of Education to contract, in a direct referral manner, with the Iraqi Media Network & the House of Cultural Affairs in the Ministry of Culture, to complete the printing of school curricula. The Council authorized the Ministry of Construction, Housing, Municipalities & Public Works to choose the appropriate agreement method, as an exception to Government Contracts Implementation Instructions No. (2 of 2014) for the purpose of repairing the minaret of the Al-Khalifa Mosque. It was also approved to exempt the Central Agency for Standardization and Quality Control from the provisions of Article Seven of Instructions No. (1 of 2023), the provisions to facilitate the implementation of the Federal General Budget Law, with regard to purchasing & equipping laboratories with the devices, equipment & laboratory supplies necessary for the work of the device, based on the aforementioned instructions.

Luigi's opine... The collapse of the USD & a strong China Yuan may be a blessing in disguise. That means China will be forced to be more competitive & play by the rules. China made junk will cost the same as high quality German or Japan made. China will be forced to make better products or starve. IMHO.