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Oil announces the transfer of a copy of the oil and gas law to the Council of Ministers for approval


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Disclosure Of A Political Agreement To Pass The Oil And Gas Law!

 


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09-03-2021 


 

The MP for the Sadikoun Parliamentary Bloc, Fadel Al-Fatlawi, revealed today, Tuesday, a political agreement 
to pass the oil and gas law.

Al-Fatlawi said in a statement to "Tigris", that "the political blocs are heading towards passing the oil and gas law after completing the laws of the 
Federal Supreme Court and the federal budget for 2021," noting that "the law may be 
presented inside the parliament during the next week."

He added that "the law is of great importance in solving the outstanding problems between8 Baghdad and Erbil and the oil-producing provinces," noting that "passing it will achieve justice in the distribution of wealth and the revival of poor areas."

He continued, "The law enjoys great political support in Parliament, and there is a serious intention to settle it and pass it during the current legislative term."

 LINK 

 

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Oil announces the transfer of a copy of the oil and gas law to the Council of Ministers for approval   Posted 40 seconds ago   https://iraqakhbar.com/2931956  

Wait For It .....              

A surprise announcement by the Ministry of Oil of the draft oil and gas law Time: 02/25/2021 00:01:44 https://alforatnews.com/news/وزارة-النفط-مراجعة-النسخة-النهائية

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6 minutes ago, DinarThug said:

Disclosure Of A Political Agreement To Pass The Oil And Gas Law!

 


image.thumb.jpeg.77df16d601b71348abc2b7c72c5a61d5.jpeg
 


09-03-2021 


 


The MP for the Sadikoun Parliamentary Bloc, Fadel Al-Fatlawi, revealed today, Tuesday, a political agreement 
to pass the oil and gas law.

Al-Fatlawi said in a statement to "Tigris", that "the political blocs are heading towards passing the oil and gas law after completing the laws of the 
Federal Supreme Court and the federal budget for 2021," noting that "the law may be p

resented inside the parliament during the next week."

He added that "the law is of great importance in solving the outstanding problems between8 Baghdad and Erbil and the oil-producing provinces," noting that "passing it will achieve justice in the distribution of wealth and the revival of poor areas."

He continued, "The law enjoys great political support system" rel="">support in Parliament, and there is a serious intention to settle it and pass it during the current legislative term."

 LINK 

 

🤞🤞🤞

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MP: Al-Kazemi and Allawi are exerting political pressure on the management of the Central Bank

 
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12:08 - 11/03/2021
 

On Thursday, a member of the Parliamentary Economic and Investment Committee, Layal Al-Bayati, held two sides responsible for changing the exchange rate of the dollar, while the Minister of Finance, Ali Allawi, was accused of harassing Iraqi citizens with limited income.

Al-Bayati said in a statement to / the information /, that “Prime Minister Mustafa Al-Kazemi and Minister of Finance Ali Allawi are the ones who bear the consequences of the high exchange rate of the dollar against the Iraqi dinar,” indicating that “the prime minister and the Minister of Finance have exerted political pressure on the current Central Bank management by raising the dollar exchange.“

She added, "The Ministry of Finance bears full responsibility before the House of Representatives," stressing that "with the rise in crude oil prices and growing oil revenues, Minister of Finance Ali Allawi is still insisting on raising the price of the dollar and restricting Iraqi citizens, especially those with limited income, with completely rejected justifications."

Earlier, the Parliamentary Economic and Investment Committee revealed the intervention of the US Embassy in Baghdad to change the exchange rate of the dollar, which sparked a wave of popular discontent and affected the poor classes. 
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New clarification from Parliamentary Finance regarding the exchange rate of the dollar and approving the budget

 

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10th March, 2021

 

The Finance Committee said, on Wednesday, that the vote on the fiscal budget for the current year will be delayed, while it indicated that changing the exchange rate of the dollar is not part of Parliament

A member of the Finance Committee, Muhammad Ibrahim, said in a statement followed by NRT Arabia (March 10, 2021) that changing the exchange rate of the dollar is not part of the House of Representatives or its financial committee,” indicating that “the decision was taken after dialogue and understanding between the World Bank and the Central Bank of Iraq

He stressed that "most of the paragraphs of the current year budget have been resolved," explaining that "the region's share, the oil agreement, and the provinces’ share of the regions ’development represent the main obstacle to the budget

Ibrahim indicated, "The vote on the current year’s budget will be delayed, as a result of the lack of any agreed text from the government and political blocs, in addition to the disagreements over the articles pending the budget law

He pointed out, "The Finance Committee proposed a solution to the region's problem in the budget that includes Kurdistan handing over to Baghdad all its imports from oil exports, after excluding its share of internal consumption, production and transportation expenditures and petrodollars, and another proposal that includes the delivery of the entire product only

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Dollar exchange rates affect the lives of citizens

 
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20:13 - 10/03/2021 Books / Dr. Basil Abbas Khudair
 
 

The Minister of Finance says that changing the exchange rate of the dinar by making it 1450 dinars per dollar instead of 1190 dinars did not affect people's livelihood and their purchasing power, and we present a model for the effect, as the volume of soft drinks changed from 250 ml before the change to 185 ml, i.e. a decrease of 26%.

The situation applies to all the goods and services that are marketed in the local markets, from the loaf of bread to the real estate, so how do you say that the change did not affect the citizens and that it is just a shock that everyone will receive and it will pass in peace and the citizens will get used to it little by little, and whether the Minister knows or not, the capabilities.

The purchasing power of nearly two million retirees has shifted from 500 thousand dinars to 400 thousand dinars, and the standards of living for the entire population have been affected by 40-50% and the most affected by that are the limited and no-income who make up the majority of the population and who are increasingly affected and impoverished by unjust decisions imposing partial and total prohibitions without Compensation, 

and we remind those who have a conscience that oil prices are which finances the federal budget has shifted from 40 dollars a barrel to 70 dollars,

which is the people's money. 

 

Is it fair for the people to get poorer despite the high oil prices and to whom the differences go and most of the population live in excesses, randomness, and rent ?, 

 

And these questions need urgent changes and accountability for the offender

and not watching over the suffering of the people,

the International Monetary Fund and others are not covered by the fire of poverty,

and they are not focused on the people's livelihood because Parliament

and the government are supposed to be the owners of solutions and decisions.

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Planning announces the formation of a committee concerned with changing the currency rate and submitting its recommendations to the cabinet

 
Planning announces the formation of a committee concerned with changing the currency rate and submitting its recommendations to the cabinet
 
 
03/11/2021 17:08:14
 

The Ministry of Planning is discussing with government agencies and the private sector the implications of changing the currency exchange rate on investment projects
 

Ministry of Planning: Recommendations will be submitted to the Council of Ministers. 

The committee formed under Cabinet Resolution No. 63 of 2021, which will study the consequences of changing the currency exchange rate, held its first meeting at the Ministry of Planning.

The meeting was chaired by the Technical Undersecretary of the Ministry of Planning, Dr. Maher Hammad, and was attended by the Administrative Undersecretary Dr. Azhar Hussein Saleh, the President of the Iraqi Contractors Union, Ali Al-Sanafi, and representatives of the Ministries of Electricity, Finance, Housing, Reconstruction and Municipalities, the Central Bank of Iraq and the National Investment Commission.

The Undersecretary of the Ministry of Planning confirmed that this committee was formed to study the effects of changing the exchange rate of the dollar against the dinar, and to propose the required solutions, as far as the matter is related to investment projects, indicating that the committee’s work period will be one month, and after that it submits its recommendations to the Council of Ministers for decision. In which.


Representatives of the parties participating in the meeting presented a presentation of investment projects, methods of contracting with implementing companies, and mechanisms for payment of the dues of these companies, whether those dues were unpaid debts or unspent advances. 
The committee will continue its meetings during the coming days, to develop the solutions and proposals required, to address the effects of changing the exchange rate on investment projects.

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Deputy calls for establishing a national fund (for development and investment) to build projects

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11th March, 2021


MP Muhammad Shiaa al-Sudani called, Thursday, for the government to establish a national fund for "development and investment" to build strategic projects in the country, in order not to miss the opportunity to increase oil prices.

Al-Sudani said in a statement that Mawazine News received a copy of,

that "in light of the successive financial and economic crises and the state of frustration that prevails in the country's public scene, solutions need bold and courageous decisions and statesmen thinking and planning for the future properly." 

 

He pointed out that "these challenges have always generated real opportunities, as we follow the increase in oil prices, whose price per barrel exceeded the $ 70 barrier." 

 

And Al-Sudani stated, 

"And since the price fixed in the budget is 52 dollars, meaning that the difference will be around 12 dollars, 

it will generate a surplus of about 14 billion dollars annually,

which can be increased if the price increase continues."

 

He stressed that "here I find a cause for national interest to re-present a proposal that I had previously presented before embarking on the discussion of the 2019 Budget Law, and unfortunately, he did not find listening ears at the time,

and I find that the time is very appropriate for us to establish a fund (for development and investment) and guarantee this by adding an article in the budget law." In 2021, to invest in increasing oil revenues to be (the fund's capital) and to be used only to finance major development projects."

 

A member of the House of Representatives explained that the major strategic projects include:

* The Faw Grand Port project.
* Industrial City - Fao.
* Construction of Maysan, Dhi Qar, and Fao refineries.
* Associated gas investment project.
* Al-Nebras Petrochemical Project.
* Construction of the Faw railway - Turkey - Europe.
* Establishment of phosphate and nitrogen fertilizers factories.
* A project to cultivate one million acres in the desert of Najaf and Samawah.
* Building ten thousand schools.
* Building integrated residential cities instead of random settlements (excesses).

 

Al-Sudani pointed out that, 

"if the establishment of the fund is initiated, it will push international financing institutions to contribute and support the financing. 

 

The formation of the fund will also create job opportunities and end the suffering of young protesters and graduates." And he demanded that "all job seekers are invited and classified according to their certificates and specializations to register in employment centers. For those who need vocational training, they are entered into intensive training courses for the purpose of acquiring skills according to training curricula agreed upon with international companies specialized in the above-mentioned projects in order to employ them as soon as they start these projects," he said. The trainees will be given lump sum financial grants for the duration of the training.

Al-Sudani noted, "the importance of the fund being linked directly to the prime minister and managed by an elite group of employees who are of the highest degree of competence, integrity, diligence, and a good career." 
 

Contracts are also made with legal, technical and financial consultants to support government agencies during the stages of preparation, contracting and implementation of projects, and the contracting formula for some projects is according to the method (BOT build, operate, transfer) or establish mixed companies whose shares are offered for subscription to citizens or through investment or tender, provided that Fund projects are excluded from instructions for implementing government contracts and instructions for implementing the budget. 

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Anbar ... the discovery of a new oil and gas field that is not indicated by the ministry

 
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14:25 - 11/03/2021
 

Qatari Al-Obeidi, director of the municipality of Jubbah in Anbar province, announced, Thursday, the discovery of a new oil and gas field, west of Ramadi.

Al-Obaidi said in a statement to Al-Maalouma that, “The oil exploration companies are one of the formations of the Ministry of Oil discovered during exploration operations on a gas field in the Jubbah area in Al-Baghdadi district in Heet district, west of Ramadi, as part of the new explorations that are not indicated by the company in question.”

He added that "the explored field contains billions of meters of gas. 

The exploration of this field is considered days after the seismic teams conducted large-scale surveys in the western desert areas of the province to explore for oil and gas fields."

Al-Obaidi explained, “The survey operations are still continuing in coordination with the security forces, which in turn have carried out the process of securing all the areas in which the exploration operations are taking place to provide the necessary security protection for the company's cadres to succeed in their work tasks.
An index with the Oil Exploration Company in the Western Regions, which floats on a lake of oil derivatives. 
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Al-Tamimi calls on the government to make optimal use of the
high oil prices

 

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11th March, 2021

 

On Thursday, a former member of Parliament, Sabah Al-Tamimi, called on the government headed by Mustafa Al-Kazemi to make optimal use of the current high crude oil prices

"The current prices of a barrel of crude oil are heading towards an increase due to recent data from the World Health Organization about the end of the Corona pandemic in June 2021, in addition to Saudi Arabia's decision to reduce its daily production by one million barrels for two months," Al-Tamimi said in a press release. The next two are in addition to an improvement in the profit margin of the refiners and a decline in the value of the US dollar against other major currencies

Al-Tamimi added that the Iraqi government should now benefit from the high prices of black gold in establishing a sovereign emergency fund to be a buffer against any future crisis, indicating that "the Iraqi economy is rentier and is directly affected by the occurrence of any global crisis" and Iraq depends by up to 95%, according to government estimates, on the financial revenues achieved from the sale of crude oil on the global markets

Iraq's oil exports for the month of February reached more than 82 million barrels, with a daily production rate of 2 million - 960 thousand barrels per day, with an initial financial revenue of $ 5 billion, at a weighted price rate of $ 60 per barrel, according to the
SOMO statement on its official website.

#############

Al-Tamimi calls on the government to make optimal use of the high oil prices  LINK

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Parliamentary Finance determines the date for voting on the budget and clarifies the fact that it is linked to the Federal Court Law

 

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11th March, 2021


The Parliamentary Finance Committee explained, today, Thursday, the fact that the budget decision is linked to the Federal Court Law.

 

Committee member Thamer Theban Al-Hamdani said, 

"Monday is a fixed date for the vote on the budget law,"

stressing that "the budget will pass whether or not there is an agreement with the region."


He pointed out that 

"there is a possibility for a change in the price of a barrel of oil in the budget,"

explaining that

"the Federal Court law has nothing to do with resolving the budget law in Monday's session."

###########

Parliamentary Finance: The budget will pass, whether or not it was agreed upon with the region  LINK

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Wow. Great stuff Thugs.  Man. It really does seem like they trying to line up the HCL, budget and federal court law all at the same time.  I think we in the brink here guys. International here we come. JMHO

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6 minutes ago, DinarThug said:

Al-Tamimi calls on the government to make optimal use of the high oil prices

 

 Dthug , ive heard from a high up trusted source Maliki is doing weekly seminars entitled ...

" How to amass generational wealth in plain sight during periods of high oil prices " 

 

the trusted source claims thats the real reason that nothing is getting done in Parliament , the members are preoccupied in the important seminars in goi side rooms ............ :jester:

Disclaimer this may not be entirely accurate  

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God, please let it be so!  

 

Committee member Thamer Theban Al-Hamdani said, 

"Monday is a fixed date for the vote on the budget law," 

stressing that "the budget will pass whether or not there is an agreement with the region."

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We will see if it will pass regardless if it is an agreement! Those are strong words and I hope it does but I think something will stall it again. I hope not but hell I have been here for a while so this is what I expect. The IMF needs to call Al-khazmei and tell him to hell with the Region pass it away! It is a coincidence that Maliki wants to rear his evil head after the Pope left and gave positive information about Iraq going International, that bastard Maliki is no good!! I hope we are near the finish line! 

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I have a feeling it aint gonna happen and it will be for some ridiculous reason. With the exception of Al Khezemi and a few others, these guys are morons and don't give a damn about their people. You have to make them do the right thing. The International Community has extended the olive branch to them and watch how they mess this up unless something compel them to do the right thing. If a bomb goes off, that will get their attention! The Iraqi people have suffered enough but the ministers don't give a damn!! This is why I don't care for religion or believe there is a mutant called the devil walking the Earth causing turmoil and in hell burning people at the same time.(How can he be in two places at the same time) Man is the devil and their level of greed is a prime example. If it doesn't happen on Monday I am going to stay away for a while because this is beyond insanity. The IMF, World Bank and G7 is going to have to make them do it other than that it won't get done!!  

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45 minutes ago, GreedyDinar07 said:

I have a feeling it aint gonna happen and it will be for some ridiculous reason. With the exception of Al Khezemi and a few others, these guys are morons and don't give a damn about their people. You have to make them do the right thing. The International Community has extended the olive branch to them and watch how they mess this up unless something compel them to do the right thing. If a bomb goes off, that will get their attention! The Iraqi people have suffered enough but the ministers don't give a damn!! This is why I don't care for religion or believe there is a mutant called the devil walking the Earth causing turmoil and in hell burning people at the same time.(How can he be in two places at the same time) Man is the devil and their level of greed is a prime example. If it doesn't happen on Monday I am going to stay away for a while because this is beyond insanity. The IMF, World Bank and G7 is going to have to make them do it other than that it won't get done!!  

You feel better now that you got that off your chest?? 😂 We all feel the same. I will bet though if they don’t pass it Monday we will see a post from you within a couple of weeks! You won’t be able to contain yourself!! 🤦🏻

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I've read comments like the one above and I understand folks frustration especially if any need this money. I would suggest taking some time off from the news. I've done that at times & it relieves stress. No matter how frustrating/angering waiting on this can be, I'm still glad I found out about this investment opportunity. I hope that everyone else hangs in there so you all can be in a financial place where you & your loved ones won't ever have to struggle. The rv is coming.👊

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2 hours ago, GreedyDinar07 said:

if it doesn't happen on Monday I am going to stay away for a while because this is beyond insanity.

 

isnt it great to have a free will though greedy, having the ability to choose what we want to believe , Christ disliked religion too , his strongest words were against / towards the religious leaders of the day they were a stumbling block to the people to find relationship which was Christ mission ....  peace greedy ......id bet u cant stay away🤣

 sorry to hijack thread again 

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3 hours ago, GreedyDinar07 said:

I have a feeling it aint gonna happen and it will be for some ridiculous reason. With the exception of Al Khezemi and a few others, these guys are morons and don't give a damn about their people. You have to make them do the right thing. The International Community has extended the olive branch to them and watch how they mess this up unless something compel them to do the right thing. If a bomb goes off, that will get their attention! The Iraqi people have suffered enough but the ministers don't give a damn!! This is why I don't care for religion or believe there is a mutant called the devil walking the Earth causing turmoil and in hell burning people at the same time.(How can he be in two places at the same time) Man is the devil and their level of greed is a prime example. If it doesn't happen on Monday I am going to stay away for a while because this is beyond insanity. The IMF, World Bank and G7 is going to have to make them do it other than that it won't get done!!  

Please read Matthew, Mark, Luke, John, and Acts, and call me in the morning.  Jesus waiting for you my friend.

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4 hours ago, GreedyDinar07 said:

I have a feeling it aint gonna happen and it will be for some ridiculous reason. With the exception of Al Khezemi and a few others, these guys are morons and don't give a damn about their people. You have to make them do the right thing. The International Community has extended the olive branch to them and watch how they mess this up unless something compel them to do the right thing. If a bomb goes off, that will get their attention! The Iraqi people have suffered enough but the ministers don't give a damn!! This is why I don't care for religion or believe there is a mutant called the devil walking the Earth causing turmoil and in hell burning people at the same time.(How can he be in two places at the same time) Man is the devil and their level of greed is a prime example. If it doesn't happen on Monday I am going to stay away for a while because this is beyond insanity. The IMF, World Bank and G7 is going to have to make them do it other than that it won't get done!!  

You are right. The devil is not in two places at once. He is walking the earth with his demons creating chaos everywhere they go. The Bible says, he comes to "kill, steal and destroy." You see his work every where you look. He is not in hell burning people. He will never be in hell burning people. He will be cast into the lake of fire and will be the one burning, along with everyone who has rejected Jesus as their Lord and Savior and the fallen angels who went with the Devil/Lucifer when he chose to rebel against God.

 

You are also right when you say "Man is the devil and their level of greed is a prime example". The Bible says "All have sinned and fallen short of the Glory of God." So in a way, because the sin of Adam was passed down through mankind which was the result of believing the lies of the devil, mankind is like the devil with all wickedness in our hearts which is exactly why we needed a Savior. Only Jesus, the perfect man/God who paid the price of Adam's sin, and subsequently all of our sin by the shedding of his blood and the sacrifice of his life, could save us. Sin passed down through the father which is why Jesus did not have a sin nature because his nature was from Father God. He got his humanity from his mother Mary, and his Godliness, holiness, and sinlessness from his Father Yahweh. Thus, he could be tempted like any man, but could not sin because of his Godliness. He was pure and holy in the flesh. Something we could never be. 

BUT!!!

Because I believe in Jesus. Because I know Him like I know anyone I have ever known. Because He is Lord of my life I have been declared NOT GUILTY of being a sinner. I have been given a Spirit Man that is just as pure and holy as Jesus is. He has given me His righteousness, and removed my unrighteousness. Therefore, I am a Child of God adopted into His glorious family never to lose my inheritance of Heaven. The Bible says one day my "mortality will put on immortality" and my "corruption will put on incorruption". In other words, one day my pure and holy Spirit Man will be given a body without the sin nature and I will be like that for eternity.

 

And I gotta tell ya, I look way more forward to that day than the day the RV is going to happen. In fact, this RV event is like a putrid stagnant pool of disgusting diseases compared to the day I get my forever body and join Jesus in His Kingdom. But until that day comes, I'll be happy with the RV. HA!

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46 minutes ago, keylime said:

You are right. The devil is not in two places at once. He is walking the earth with his demons creating chaos everywhere they go. The Bible says, he comes to "kill, steal and destroy." You see his work every where you look. He is not in hell burning people. He will never be in hell burning people. He will be cast into the lake of fire and will be the one burning, along with everyone who has rejected Jesus as their Lord and Savior and the fallen angels who went with the Devil/Lucifer when he chose to rebel against God.

 

You are also right when you say "Man is the devil and their level of greed is a prime example". The Bible says "All have sinned and fallen short of the Glory of God." So in a way, because the sin of Adam was passed down through mankind which was the result of believing the lies of the devil, mankind is like the devil with all wickedness in our hearts which is exactly why we needed a Savior. Only Jesus, the perfect man/God who paid the price of Adam's sin, and subsequently all of our sin by the shedding of his blood and the sacrifice of his life, could save us. Sin passed down through the father which is why Jesus did not have a sin nature because his nature was from Father God. He got his humanity from his mother Mary, and his Godliness, holiness, and sinlessness from his Father Yahweh. Thus, he could be tempted like any man, but could not sin because of his Godliness. He was pure and holy in the flesh. Something we could never be. 

BUT!!!

Because I believe in Jesus. Because I know Him like I know anyone I have ever known. Because He is Lord of my life I have been declared NOT GUILTY of being a sinner. I have been given a Spirit Man that is just as pure and holy as Jesus is. He has given me His righteousness, and removed my unrighteousness. Therefore, I am a Child of God adopted into His glorious family never to lose my inheritance of Heaven. The Bible says one day my "mortality will put on immortality" and my "corruption will put on incorruption". In other words, one day my pure and holy Spirit Man will be given a body without the sin nature and I will be like that for eternity.

 

And I gotta tell ya, I look way more forward to that day than the day the RV is going to happen. In fact, this RV event is like a putrid stagnant pool of disgusting diseases compared to the day I get my forever body and join Jesus in His Kingdom. But until that day comes, I'll be happy with the RV. HA!

Amen Brother!!!

Edited by Dinarrock
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The exchange rate of the dollar ... an expected date for a new high and two `` obstacles '' preventing a return to the price of 1,200 dinars

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3,156 Economie March 2021 21:01 


Baghdad today - Baghdad  

 

Between broad hopes relying on parliamentary statements that it can be modified and reduced, and a reality that imposes itself day after day, economists confirm that changing the exchange rate of the dollar against the dinar, which is more than 1450 officially, and in the local market faces many obstacles. 

Economic expert Rasem Al-Akidi set, Thursday 3/11-2021, an expected date that may witness a new rise in the value of the dinar against the dollar. 

Al-Aqidi said in an interview with (Baghdad Today), "The markets are affected by rumors, news and statements related to the exchange rate of the US dollar against the Iraqi dinar, especially since some of them are issued by political blocs demanding the return of the exchange rate to its previous position on the assumption that the financial crisis that emerged months ago was due to The decline in selling oil prices, but the situation is different now with the rise in prices, meaning that there is no justification left. " 

Al-Akidi added, "The change of the dollar’s exchange rate by the state and subjecting it to speculation through supply and demand came to add additional funds to the budget and stop the currency drain and its exit from the country because of the old exchange rate."

He pointed out that "the news and statements, a large part of which are issued by political forces, have already pushed them to refrain from withdrawing the dollar and replacing it with the local currency. 
Many merchants and importers have also pushed for waiting and deliberation in import operations, awaiting the settlement of the budget that has been postponed for months due to multiple obstacles, and this matter in its entirety created a recession." In the Iraqi market, as well as the effects of the embargo and other things, all of which contributed to doubling the recession and the lack of economic activity.

He continued, "Adopting the budget will end the debate, the markets will return to normal, and the dollar will start to rise because everyone will absorb the shock and the new conditions that will impose its decision on the markets." 

Economist: The conflicting positions and statements confused the market 

In turn, the economic expert, Abdul Rahman Al-Mashhadani, identified, today, Thursday, obstacles to returning to the old exchange rate or modification to the current exchange rate value, while he warned of a large APAC in the Iraqi market. 

The expert, Abdul Rahman Al-Mashhadani, said in an interview with (Baghdad Today) in response to the news about adjusting the new exchange rate or returning to the old price, that “rumors that start causing confusion in the Iraqi market, even if they consist of demands from MPs in Parliament to return to the exchange rate. the old ". 

Al-Mashhadani added, "Iraqi merchants have refrained from importing because of objecting to the new price, as well as fear of the possibility of adjusting the price again," indicating that "it is not easy to return to the old price or to amend the new one, because this process will cause greater confusion in the Iraqi market and this." First obstacle. " 

The economist added, "The exchange rate adjustment is more than 4 months old, and the price has stabilized, and the process led to an increase in the value of the property and imported goods due to the high value of the dollar, and this is a second real obstacle."

Representatives in Parliament and other officials are calling for a return to the exchange rate of the dollar against the Iraqi dinar to what it was before it was raised, or reduced to 1300 instead of the current price that was allocated in the draft Federal Budget Law for 2021. Experts in economics expect price stability in the Iraqi market permanently after the approval of the general budget for 2021.

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