“Final Agreement” – Thurs. PM TNT Thoughts/News 6-3-21

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TNT

Tishwash:
Oil continues to rise, and Brent records $ 71.75 a barrel

On Thursday, oil prices continued to rise for the third consecutive day, amid expectations of an increase in demand for fuel, at a time when major producers maintain supply discipline.

Brent crude futures rose 40 cents, or 0.56 percent, to $71.75 a barrel.

US West Texas Intermediate crude futures rose 39 cents, or 0.57%, to $69.22 a barrel.

OPEC+ data shows that by the end of the year, oil demand will reach 99.8 million barrels per day versus supply of 97.5 million barrels per day.  link

Demands for the Ministry of Finance to expedite the financing of investment projects and the implementation of economic reform clauses

The Chairman of the Parliamentary Finance Committee, Haitham al-Jubouri, revealed on Thursday the details of the parliamentary meeting with Minister of Finance Ali Allawi, indicating that expediting the financing of investment projects and the development of the regions is the source of the discussions.

Al-Jubouri said in a statement received by Shafaq News Agency, that his committee discussed with the Minister of Finance “accelerating the financing of investment projects, and the allocations for the development of regions and governorates with the amounts of money that enable ministries and governorates to carry out their duties and initiate referral of projects approved in them.”

He added that the meeting also discussed “the amendment of the law of government banks and the rules of procedure for those banks,” noting that “communication took place between the Parliamentary Finance Committee and the Ministry of Finance to implement the paragraphs of financial and economic reform that were contained in the Federal Budget Law.”

The session of the House of Representatives was scheduled to be held at one o’clock this Thursday, but the lack of a quorum prompted the Presidency of the House of Representatives to convert the parliamentary session into a deliberative after the lack of a quorum prevented it from convening.

A parliamentary source told Shafak News Agency, that the House of Representatives converts its session into a deliberative session, due to the failure to achieve a quorum to hold the session, as the number of attendees did not exceed 65 deputies.

He pointed out that the deliberative session was held under the chairmanship of the Second Deputy Speaker of Parliament, Bashir Al-Haddad, in the absence of Parliament Speaker Muhammad Al-Halbousi and his first deputy, Hassan Al-Kaabi. link

Source: Dinar Recaps


Jambie67:
So the implementation of the agreement of the 2021 budget has been approved but not yet done, right? And, a final agreement to accelerate economic reform had a “lack of quorum”, so that did not happen yet. However, all of this should become official within a week! Great news appears to be just around the corner, so hang on, peeps! Miracles to come! This is worth the wait!

Yada:
Jambie, Im of the mind they can release the rate but the quorum was to vote on expediting the process. Whether to do or not, will not stop the release.

CharlieOK:
It really boils down to this: It makes no difference who is mad or disappointed with whom or what with regard to the gcr. NOTHING is going to happen until the CBI changes the rate. Kurdistan won’t get their check or digital money; Baghdad won’t get Kurdistan oil; no reforms will take place; UNTIL the CBI raises the rate.

Source: Dinar Recaps

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