Raising The Value Of The IQD Will Not Be A Quick Admin Decission.

[Luigi1]

Here's some articles of Dinarian interests...

The tops headlines are:

-GOI preserves the purchasing power of the IQD-curbs inflation.

-Raising the value of the IQD will not be a quick administrative Decission.

-4 Important laws on the Parliamentary agenda after the recess.

Treat as rumors.  Not verified.  Your opine.

 

 

 

TNT via Tishwash:  The PM's Advisor: Al-Zidi's Government Has Taken Measures To Preserve The Purchasing Power Of The Dinar & Curb Inflation.

ARTICLE:  The PM's Financial Advisor, Mazhar Muhammad Salih, affirmed on Saturday that the government, headed by Ali Falih Al-Zaidi, has taken measures to preserve the purchasing power of the Iraqi Dinar & curb inflation.

Salih told the Iraqi News Agency (INA) that "the policy of stabilizing the official ER is based on a fundamental objective: protecting the external value of the nat'l currency & maintaining the stability of the General Orice Index."  He pointed out that "the stability of the ER has contributed to strengthening confidence in the Iraqi Dinar & supporting the purchasing power of citizens."

 

Salih added that "the relationship between the stability of the ER & the stability of prices of goods & services in the local market has remained strong, given the limited impact of the parallel market on the pricing system & the effectiveness of monetary policy."

 

He explained that "financing imports through the official banking system & relying on the state's foreign reserves has contributed to providing imported goods at stable & controlled prices."

He continued, stating that "government policies aimed at maintaining the stability of prices for public goods & services, along with the expansion of modern commercial distribution methods, particularly cooperative stores & advanced marketing models, have strengthened competition & contributed to reducing inflationary pressures & supporting price stability."

Saleh explained that "among the most prominent factors putting pressure on the value of the nat'l currency are the decline in official reserves, uncontrolled monetary expansion & excessive reliance on oil revenues, which are currently subject to geopolitical constraints imposed on the freedom of energy markets, in addition to political & regional tensions & their impact on foreign currency flows & economic confidence."

He emphasized that "raising the value of the Iraqi Dinar cannot be achieved through quick administrative decisions, but rather through a long-term reform process based on the stability of monetary & fiscal policies, diversification of nat'l income sources & strengthening confidence in the local currency."

 

He noted that "the stability of the Dinar remains a direct reflection of the stability of the macroeconomy & its ability to withstand local & international changes, which is what the government is working on through a package of measures to strengthen the value of the Iraqi Dinar.

 

These measures include working to enhance foreign reserves, diversify the nat'l economy & reduce dependence on oil, achieving stability in the balance of payments, as well as controlling the parallel market, reforming the banking system, expanding the use of electronic payment methods & promoting financial inclusion." 

 

Tishwash:  Iraqi Government: Companies In The Kurdistan Region Must Get Their Final Financial Reports Approved in Baghdad.

ARTICLE:  A new decision by Baghdad creates problems for the foreign transfer process of companies in the Kurdistan Region, forcing them to pay taxes twice & register in the center.

 

New Condition for Foreign TransfersStarting from June 1 of this year, the Iraqi government has imposed a new condition on companies in the Kurdistan Region.  According to the decision, no company can carry out foreign transfers or send money through banks unless their final financial report (annual audit) is approved by the Iraqi Accountants & Auditors Association in Baghdad.

 

This step comes alongside the implementation of the ASYCUDA system at the borders of the Region.Two Taxes & Two Reports.

 

This decision places a heavy financial burden on companies in the Region, as they will now have to prepare their final financial reports twice.  This means they must pay taxes twice — once to the Kurdistan Regional Government & once to the federal government in Baghdad.

 

This significantly increases their operating costs.Marginalizing Accountants in the RegionAnother challenge of this decision is that banks will no longer accept approvals from legal accountants in the Kurdistan Region.

 

Companies are now forced to register in Baghdad & only Iraqi (federal) accountants can approve their reports.  Otherwise, their auditing & money transfer processes in banks will be disrupted.

 

Kurdistan Delegation Visit to Baghdad To resolve this issue and discuss the implementation of the ASYCUDA system, a delegation from the Kurdistan Regional Government is scheduled to visit Baghdad in the coming days.  The goal of the delegation is to address these new obstacles & find solutions to prevent further damage to companies & traders in the Kurdistan Region. 

 

Tishwash:  Miles Caggins: Oil Companies Want Guarantees.

ARTICLE:  Miles Caggins, spokesman for the Kurdistan Regional Petroleum Industry Association (Epicur).

 

The former spokesman of the Kurdistan Regional Government (KRG) said that the main reason for the non-resumption of oil production companies in the Kurdistan Region was security threats & drone & missile attacks.

 

Companies Were At Risk:

 Miles Caggins, in an exclusive interview with Channel 8, said that recently after the ceasefire between Iran & the US & the calm of the war situation, companies resumed operations secretly, but again the companies were attacked, so they stopped working.

 

Guarantee Operational Security:

He said the companies have clearly told the relevant authorities that they will not resume work until the security of their work is guaranteed.

 

Debt Is Still Debt & Has Not Been Repaid:

Regarding the $1 billion debt of the companies, which was agreed between the Iraqi government & the Kurdistan Regional Government, the former spokesman of Epicor said: "So far, the debt has not been recovered, but the companies have not made this the main problem.

 

Resumption Of Corporate Operations:

In a meeting between the Kurdistan Regional Government (KRG) delegation & Iraqi PM Ali Zaydi, he called on the oil companies to resume operations & promised to implement their demands. 

 

Tishwash: Parliamentary Defense Committee: 4 Important Laws On The Parliamentary Agenda After The Recess.

ARTICLE:  The Parliamentary Security and Defense Committee confirmed on Thursday that 4 important laws will be discussed & undergo their 1st & 2nd readings after the end of the parliamentary recess.

 

Committee member MP Yasser Watout told Al-Maalomah, “Four important laws will be discussed & undergo their 1st & 2nd readings, leading to a vote, after the end of the parliamentary recess, that is, after July 1st.”

 

He added that “the most prominent of these laws concerns amending the law governing the service of the Internal Security Forces, in addition to other equally important laws.”  He pointed out that “the Security & Defense Committee is serious about finalizing these laws & expediting the necessary procedures & amendments in order to complete the 1st & 2nd readings & proceed to a vote.”

 

Watout emphasized that “these laws are of great importance in guaranteeing the rights of members of the security & military forces,” explaining that “the proposed amendments will take into account all opinions, including those of security leaders, to ensure the enactment of more effective & efficient laws.”  

 

Tishwash:  MP: The Session To Complete al-Zaydi's Cabinet Will Be Held Soon & The Same Names Will Not Return.
ARTICLE:  MP Mohammed Karim Al-Baldawi, a member of the Coordination Framework, confirmed on Thursday that there is an agreement to hold a session of the House of Representatives in order to complete the vote on the remaining ministerial lineup of PM Ali Falih Al-Zidi’s government.

 

Al-Baldawi told Al-Maalouma that "the political blocs are moving towards replacing the previous names nominated for the nine ministerial portfolios, and presenting new figures who are suitable for the requirements of the stage and to fill the vacant positions."

 

He added that "through this approach, the parties seek to give themselves & society a greater sense of reassurance by putting forward new names that enjoy wider acceptance."

 

Regarding the coordination framework, Al-Baldawi stressed that it is “strong & cohesive despite the existence of differing viewpoints on some contentious issues among its components,” indicating that “the framework represents the backbone of the political process & whoever bets on influencing its unity is mistaken & everyone must work to preserve it.”

 

He pointed out that “weakening the coordination framework means weakening the entire political system in the country.” 

 

Political circles are awaiting the scheduling of a session to complete the vote on the cabinet of Ali Faleh al-Zaidi's government, aiming to resolve the dispute that arose from the previous session.  This dispute stemmed from political accusations leveled against Speaker of Parliament Haibat al-Halbousi, alleging he deliberately obstructed the approval of certain ministerial nominees and prevented them from being presented for a vote of confidence. 

 

 

[Luigi1]

Here's another article: that'll impact peace negotiations & possibly the RV-RI...Trump claims Iran weapons depleted or destroyed by over 80%...where is Iran getting fresh new arms from to fight on?

 

 

Serious Escalation.

ARTICLE:  US intercepts Iranian drones fired at Bahrain, Kuwait, retaliates by striking radar sites.

 

U.S. forces downed four Iranian attack drones headed toward the Strait of Hormuz and intercepted six of seven ballistic missiles Iran launched at Kuwait and Bahrain, CENTCOM said, before striking Iranian radar sites in Goruk and on Qeshm Island.

 

U.S. Central Command (CENTCOM) intercepted six Iranian ballistic missiles fired toward Kuwait & Bahrain after American forces struck Iranian radar sites, as tensions continue to rise amid stalled negotiations between Washington & Tehran.

 

Fox News foreign correspondent Jeff Paul reported from Dubai that Iran launched seven ballistic missiles toward the Gulf allies after CENTCOM forces shot down four Iranian one-way attack drones & carried out retaliatory strikes on radar sites in Goruk & on Qeshm Island.

 

“Officials in Kuwait are describing those recent overnight strikes here in the Gulf as a serious escalation,” Paul said on “Fox Report.”

 

CENTCOM said six of the seven missiles were intercepted, while the seventh failed to reach its intended target.

 

Former CIA station chief and Fox News contributor Dan Hoffman said Iran appears to be trying to “drive up the costs of the war” for the US by disrupting trade through the Strait of Hormuz, escalating Hezbollah strikes against Israel & targeting Gulf allies.

 

“Iran feels like that gives them added leverage,” Hoffman said, referring to domestic political pressure facing the Trump administration ahead of the midterms.

 

*** for tat tactics against Iran are not working.  The pressure is on to bring home US Troops or finish the job.

 

Thiessen Warns Trump Not To ‘Lose Gains’ Made Against Iran In Any Potential Deal.

ARTICLE:  Fox News contributor & Washington Post columnist Marc Thiessen praised President Donald Trump’s handling of the conflict with Iran while warning against giving Tehran financial relief in any future agreement.

 

Speaking with Fox News host Mark Levin, Thiessen called Trump’s decisions to launch Operation Midnight Hammer & Operation Epic Fury “one of the most courageous decisions any president has made in my lifetime.”

 

Thiessen said the operations “buried the Iranian nuclear program so deep in the ground” that Iran has allegedly acknowledged it cannot retrieve key materials without outside help, while also claiming the strikes rendered centrifuges inoperable & destroyed major elements of Iran’s military infrastructure.

 

“My big concern with the deal is that the Iranians are down, but they’re not out,” Thiessen said. “We should not give them a hand to help them up by giving them a dime as part of any deal.”

 

UST Weighs Using Iranian Frozen Assets To Help Gulf Allies Rebuild From Tehran-Linked Damage.

ARTICLE:  UST Secretary Scott Bessent has directed his team to assess whether Iranian assets could be used to help Gulf allies rebuild & repair damage caused by Iran during the ongoing conflict, according to a source familiar with the secretary’s thinking.

 

“UST will utilize all tools available to allow Iranian assets to be made available to our Gulf allies to support rebuilding & repairs for any future damage caused by Iran,” the source said on background to FOX Business.

 

The source added that Bessent also directed Treasury officials to assess conditions among Gulf allies & request “comprehensive estimates” of costs associated with repairing damage Iran has inflicted since the conflict began.

 

Treasury is also considering whether Iranian assets could be used to support repairs for past damages tied to Iran, the source said.

 

US To Iran...Your On Your Own.

ARTICLE:  Gen. Jack Keane says US won't throw Iran a lifeline.

 

Retired Gen. Jack Keane outlined the US strategy in ongoing negotiations with Iran, explaining that the US has no plans to offer concessions to the Islamic Republic that would unfreeze assets during a Saturday morning appearance on Fox News' "Saturday In America."

 

"What we're trying to achieve in the negotiations is pretty simple; We want our maximalist demands that we would achieve if we were using military force.  That is what we want from the regime," Keane said.

 

"We don't intend to throw then a lifeline & unfreeze frozen assets to them & give them billions of Dollars so that they can recover, reverse the tenants & implementations of the deal & go back to where they were," he concluded.

 

Recent stalls in US-Iran negotiations have tempered expectations raised by a May 28 Axios report, which claimed the sides had agreed to a memorandum of understanding (MOU), pending President Donald Trump's approval.

 

That MOU reportedly included a provision to issue sanction waivers & allow Iran to sell oil freely, according to Axios.  The sanction relief, according to the outlet, would have to be proportional to Iran's willingness to allow commercial shipping in the Strait of Hormuz to resume.

 

But Iran, according to The Jerusalem Post & other sources, balked at the proposal & demanded immediate release of their frozen assets, an ask the Trump Administration has yet to fulfill.

 

In fact, the Trump UST Department's Office of Foreign Assets Control (OFAC) issued a fresh round of sanctions on Iranian liquified natural gas (LNG) networks Friday targeting "Iran’s shadow fleet, shadow banking networks & access to global trade," UST Secretary Scott Bessent said in a statement.

 

Iran is demanding full compensation & the release of frozen assets for it's loses due to the war as part of the ceasefire deal.

 

 

 

 

[screwball]

1 hour ago, Luigi1 said:

Iran is demanding full compensation & the release of frozen assets for it's loses due to the war as part of the ceasefire deal.

good luck its all been confiscated....

[screwball]

1 hour ago, Luigi1 said:

"We don't intend to throw then a lifeline & unfreeze frozen assets to them & give them billions of Dollars so that they can recover, reverse the tenants & implementations of the deal & go back to where they were," he concluded.

thats a huge FU