The decline in oil exports and the collapse of the Iraqi dinar... the consequences of Thursday's parliamentary session

[yota691]

all news

 

Parliament publishes the agenda for its ninth session, Thursday

2022.05.24 - 23:30

 

 

Baghdad - people   

The Media Department of the House of Representatives announced the agenda of the 9th session of the House of Representatives.   

  

  

 

  

  

[yota691]

Agenda for next Thursday's parliament session

• Time: 05/24/2022 21:20:55
•  
• Reading: 1,105 times

  

{Political: Al Furat News} The House of Representatives will hold its regular session, the day after tomorrow, Thursday.

And the agenda, which {Euphrates News} obtained a copy of, is limited to voting on the proposed law banning normalization and establishing relations with the Zionist entity.

[yota691]

 

The decline in oil exports and the collapse of the Iraqi dinar... the consequences of Thursday's parliamentary session

 

 2022-05-25 02:20

 

 

Shafaq News/ On Wednesday, a parliamentary source warned of the decline in Iraqi oil exports, and the collapse of the Iraqi dinar against the US dollar, if the "law prohibiting normalization and establishing relations with Israel" is passed in its current form.

The source told Shafaq News Agency, "This law will cause economic problems for Iraq, in terms of foreign companies operating in Iraq, and selling oil to international companies."

He explained that "Articles one and two of the law prohibiting normalization prevent private and foreign companies operating in Iraq, as well as foreign investors, from any cooperation with Israel."

The source pointed out that "Article 6 of the law provides for the dissolution of private companies, the expulsion of foreign companies and foreign investors working in Iraq, and the confiscation of movable and immovable funds, if it is proven that there is a relationship between these companies and Israel."

The parliamentary source confirmed, "The adoption of the law in the House of Representatives and its implementation will cause the withdrawal of many foreign companies and investors, especially companies working in the oil field, for fear of their expulsion and confiscation of their money under the pretext of their cooperation with Israel, and this will cause a decrease in Iraqi oil exports."

The source concluded his speech by saying that "the adoption of the law in this formula will cause Iraq to lose economically and may also cause a decrease in the Iraqi dinar exchange rate against the US dollar."

 the beginning

It is noteworthy that Iraq does not establish any relations with "Israel", and the majority of the political forces confronting the scene refuse normalization with it.

However, the leader of the Sadrist movement, Muqtada al-Sadr, adopted on (23 April 2022) a draft proposal to criminalize normalization and dealing with Israel, through his parliamentary bloc and its allies in the Iraqi parliament.

Subsequently, the Sadrist bloc announced, on (April 24, 2022), that the "Save the Homeland" coalition, which includes (the Sadrist bloc, the Kurdistan Democratic Party, the Alliance of Sovereignty), submitted a proposal for a bill criminalizing normalization or dealing with Israel to the Presidency of the House of Representatives with the aim of Legislation during parliamentary sessions.

On May 11, 2022, the Iraqi parliament, in its seventh session of its first legislative term, completed the first reading of the proposed law banning normalization and the establishment of relations with Israel, and on May 19, 2022, the parliament completed a report and discussion of the proposed law.

The House of Representatives intends to vote on the law and give it official status, during a session scheduled to be held tomorrow, Thursday (May 26, 2022), for this purpose.

[yota691]

 

Document.. The Iraqi parliament allocates its next session to vote on a law banning normalization with Israel

 

 2022-05-24 14:30

 

Shafaq News/ The Iraqi parliament is preparing, on Thursday, to vote on a law banning normalization with Israel.

The meeting's agenda included, according to a document obtained by Shafak News Agency, "the vote on the proposed law banning normalization and establishing relations with the Zionist entity."

Last Thursday (May 19), the Iraqi parliament completed a report and discussion of a proposed law banning normalization and establishing relations with Israel, which aims to prevent the establishment of any kind of relations with it.

The "Save a Homeland" bloc, the largest coalition in the Iraqi parliament, had earlier submitted a draft law to the parliament's presidency that stipulates "criminalizing normalization with Israel."

It is noteworthy that Iraq does not establish any relations with "Israel", and the majority of Iraqi political forces reject normalization with it.

[haymon]

Will try never get this done.

[rvmydinar]

3 hours ago, yota691 said:

 "may also cause a decrease in the Iraqi dinar exchange rate against the US dollar."

I bet they won't dare to do it , but Let's just wait and see on thursday to find out who's lying and who's not.

[horsesoldier]

Uh oh...the sky is falling again. What a bunch O cheesy crud they're trotting out yet again.

The predicability BB of these people had become an nauseating after 19 years.

God forbid they actually do the right thing...panic fear chaos doom& gloom seems to be their stick in trade.

The real global pandemic is the horrific corruption of politicians globally. Not forgetting the UN/IMF/WB/CENTRAL BANKS & the wealthiest families that run it all.

They're running the global population like a massive herd of frightened stampeding cattle...and it's working out quite well, isn't it !!

 

[DoD]

Unbelievable, they don’t have a seated government from last year elections, plus the crooked Kurdistan region refuses to abide by a Federal Court decision BUT they will spend an entire session on making a law to keep Israel from their land…just when you thought they’ve hit rock bottom with their politics, they show you they can go deeper. 

[WheresmyRV?]

18 minutes ago, DoD said:

Unbelievable, they don’t have a seated government from last year elections, plus the crooked Kurdistan region refuses to abide by a Federal Court decision BUT they will spend an entire session on making a law to keep Israel from their land…just when you thought they’ve hit rock bottom with their politics, they show you they can go deeper. 

Yep, exactly 

[southbeach]

Shows how aligned their politics are with Iran.  I still think Iraq won’t  rv until Iran can.  It’ll happen though.

Edited May 25, 2022 by southbeach
Spelling

[HOPEFULONE]

With the current Russia-Ukraine war and multiple countries wanting to get off Russian oil, you would think they would be exporting oil to other countries as fast as possible to take advantage and not look at ways to reduced oil exports.

[southbeach]

The less they export the more they earn.  They’re in the drivers seat.  Better for us.