AshleyD » August 1st, 2022
as you mentioned earlier the 15th is the back side, lets hope it gets done or else everything is back to square one and many look like fools. IMO the dissolution of the govt and restarting elections sets this thing way back even further, please elaborate if I am missing something. IMO one day soon the IMF/UN is gonna say Iraq you are hopeless continue to exist at a program rate.
Tivon » August 1st, 2022
Dissolution puts in place constitutional legislation that the EFSL is based on. Which gives Al-Kazemi full powers to enact laws put on the back burner.
That is why they are not doing a 2022 budget. They want a entire new clean slate before 2023. That way when they do a budget for that year they can start on new things.
Keep in mind that the Oil & Gas Law can be passed with a transitional government. We don’t care about the IMF/UN. We are talking about constitutional obligation. No power supercedes that. They can not dictate what goes on in the country when you are operating from “The Law of The Land. That goes for Total, Kurdistan, UN, IMF, etc.
The 15th is the deadline for banks. Which will be the new digital platform for shares, stocks, bonds, trades, and ofcourse daily banking practices.
If Al-Kazemi is declared the authority today the CBI can release the rate tomorrow.
What you are seeing right now is stonewalling from the CF. Why? Because they know once Al-Kazemi is officially deemed the interim for the remainder of they year it will be officially over for the corruption in all sectors of society.
That’s why the EFSL was created to clean house. Which is what you are seeing. That’s why everyone is now supporting Al-Kazemi. Why do you think the citizens cheered when Al-Kazemi announced that the 1190 rate is wrong? They know what that signifies.
Now it makes perfect sense why Al-Kazemi rewrote the contracts after the Total article came out. Because once adjusted it will support the national currency. Which is why nothing can be done with Total until he Al-Kazemi has full authority.
Total wanted to close a deal before the citizens received purchasing power in IQD. Al-Kazemi was not going to let that happen. Because the new oil contracts have to be denominated in IQD only.
Keep in mind the CBI sits on the same council as the Ministry of Oil and the PM. To encourage private sector investment in the refining sector, the Refining Law offers the following incentives. The Ministry of Oil is obligated to supply crude oil to the refining company at a price equal to the international FOB export price for Iraqi crude less a discount of 5 per cent, provided that the discount will not be less than US$4 per barrel or more than US$8 per barrel.
At that time the discount applied for a period of 50 years on prior contracts before Al-Kazemi recently adjusted them. Because this was based on old contracts that have been recalculated to only support the IQD. Not the USD. IMO
If you are looking at it one way you can see why some would assume there’s a long way to go. Because it appears we are waiting on things being settled between what powers will run the country in “The New Government”.
But Al-Kazemi is in position to implement everything for the interim period as an transitional authority who will use the EFSL to enact the Oil & Gas Law sense he will have full legislative authority. That way the citizens can have purchasing power while they start new elections and choose a new GOI. Because the EFSL covers “All Contracts & Procedures”.
Therefore it can cover everything the citizens want and need now. Everyone in Al-Kazemi cabinet knows thus. Which is why he instructed all ministries to implement all provisions of the EFSL. Imo.
DallasDude » August 1st, 2022
The obvious answer is dissolution with elections next year some time..let Al-Kazemi be the announced government in the interim and things will fall into place for everyone..saw the article where it was suggested that the CF would be the new government until early elections..not a chance in you know what that’s going to happen..not for 6 months not for 6 minutes..anyway IMO this is the most likely scenario..
Tivon » August 1st, 2022
Bingoooooooooooooooo. Somebody understands. The “New Government” is the problem we are trying to get rid of now! That’s why we have the demonstrations going on. Thank you. People didn’t seem to understand the new was referring to old problems that the citizens do not want to continue. This short comment summed up everything I have been trying to get across. The citizens do not want a “New Government”. They want purchasing power. And they can get that now from the man himself Al-Kazemi. They could care less what happens to the GOI from that point. Why? Because given the new anti corruption methods put in place even if you wanted to steal money from auctions or the border or the budget. You will be caught immediately. Imo
MilitiaMan » August 1st, 2022
Tivon, there you go. Supporting data that The PM has the ability to do neccessary mechanisms to get the country out for crisis. We have been talking about this over an over.. MM
Al-Kazemi addressed the demonstrators, saying, “Your message is clear, and your commitment to calm and organization is a duty and appreciated, and it is now time to discuss the mechanisms for launching a reform project agreed upon by the various national parties, and I am sure that in Iraq there is enough rationality and courage to move forward with a project.” My country is getting the country out of its current crisis.”
Al-Kazemi said in a statement received by Shafaq News Agency, “Iraq is witnessing a great political tension that threatens if wise people do not interfere with dire consequences,” adding: “While we have taken all necessary measures and measures to control the situation, maintain security, and prevent the waste of Iraqi blood, we call on all parties To calm, reduce escalation, to start an initiative for a solution on national bases.
This is even more support. The use of necessary mechanisms is like saying that we have the constitutional authority to use the necessary powers to launch reforms. Notice too, that by PM Kahdimi had no push back by the militias. Even clans that were likely on the CF payroll are now in favor to the Sadr camp. The two sides both stood down relatively peacefully too.
Again, once the dissolution happens, the direct statement above from Kahdimi shall likely launch the reforms. Which are constitutional entitlements for the citizens.
There is nothing in this that supports we have to wait for a new government at all, as the present government shows he has the necessary mechanisms in his hands to do so. The Supreme Judicial Council wrote a piece on it in February and June 2022. The roadmap has been talked today about and dissolution makes the most sense for the empowerment for people. imo We are in a good place.. ~ MM
Tivon » August 1st, 2022
Thanks Militia-Man. People you all have to connect the dots. Think about the speed of which things are happening. Remember when BUNA said they will launch in the 2nd half of the year? Guess what? That (3nd half) already started on July 1st.
Now keep in mind why the CBI gave all banks until the 15th to be on the new digital platform. Which handles all trade, stocks, bond, and shares. Including international payments. Why are they now so adamant about this being done by the 15th.
Well because by November SWIFT wants most countries under ISO-20022 regulations. Because it deals with XRP/XLM. Digital Currency or Crypto Asset= XRP for exchange across borders (X-borders) and exchanging value between all markets and asset classes.
XRP will be used to balance trade accounts between Sovereign entities or countries, via Treasury & Central Banks. What is Iraq now? A Sovereign Nation.
Now if you read and understand why this is in place. You should understand what the CBI wrote below in regards to the BUNA platform. This is why they are on a timetable concurrent with not only BUNA but the SWIFT system. This is why reforms have to launch immediately. And the only way to get there is dissolution. Time is not on their side in any regard. IMO
CBI: To expand the scope of electronic payments, “the actual launch and operation of the Buna platform for inter-Arab payments”, a platform that provides real-time clearing and settlement services for cross-border financial transfers between Arab countries and in Arab and international currencies. The first movement implemented through banks between The State of the Emirates and the Arab Republic of Egypt, in the currency of the UAE dirham.
The Central Bank of Iraq and a number of local banks have already signed an agreement and completed the technical requirements to participate in the project in coordination with the Arab Monetary Fund, and work is underway to approve the Iraqi dinar in the system for the next stage, as the participating banks in the Arab countries will be able to send and receive payments between them in a safe and reliable manner. This platform will help reduce the recourse to international centers from correspondent banks in clearing and settling Arab payments, which will contribute to reducing the time and costs associated with banks and their customers.
Source: Dinar Recaps
MilitiaMan » August 1st, 2022
From the articles (see below) we can clearly see there is a desire for the Sadrist, Coordination Frame work, present government and others to dissolve parliament and the PM has the necessary powers to do so.
Necessary powers or necessary mechanisms are the vehicles used to get dissolution and the country off and on to early elections.
It is apparently agreed upon by most all parties. With Kahdimi’s statements today we can see support that dissolution is likely in motion.
An announcement of that should be in very short order, as early elections will need to be called for within 60 days. Also, to note there are very large contracts that have time lines to them.
As we know, too there is a time frame for the BUNA to start clearing the IQD in the second half of 2022. Also, there is support that all banks in Iraq must be in compliance to communicate with the CBI for the new electronic platform by 08/15/2022.
Clearing internationally will require compliance with the IMFs Article VIII… WTO, will need to have that as well. Not to mention the ASYCUDA system for taxation will too!!
So, in a nut shell this is happening and fast and under the present government in it’s emergency state. Kahdimi has legislative powers, even if only temporary.. … imo ~ MM
Baghdad – The extension movement called for the dissolution of parliament.
And she stated in a statement:
We affirm our endeavor to dissolve Parliament and hold early elections in accordance with a fair electoral law through a constitutional amendment that will be submitted to a popular referendum and the formation of an independent Federal Supreme Court. LINK
Allawi’s coalition calls on regional and international powers to respect the will of the Iraqis to choose the system of government
Allawi’s coalition refused that “state institutions and authorities be a field of conflicts and exchange of messages between the parties to the political crisis,” noting that “the dismantling of the crisis and removing the causes of political tension requires holding a conference for national dialogue between all parties, to agree on acceptable common options, either by proceeding with a session
The House of Representatives to choose a president of the republic and then form the government, or the tendency to dissolve parliament and call for early elections, provided that the solution is preceded by the adoption of a new electoral law and a truly independent commission, with the current government turning into a transitional government that has legislative powers temporarily. LINK
A new political proposal to end the crisis between the current and the framework 1st April, 2022 Today, Monday, writer and political analyst Ali Al-Baydar proposed a solution to end the political crisis and recent tensions.
Al-Baydar said in an interview with (Baghdad Today) that “the political solution satisfies the coordination framework and the Sadrist movement, which is to allow the framework to form a government for a period of six months.” “This government’s mission is to hold early elections,” he added.
And he indicated that “with this solution, it will achieve the framework’s desire to form a government, as well as the Sadrist movement’s desire to hold early elections and dissolve parliament.” LINK
Al-Kazemi calls on Sadr’s supporters to vacate state institutions and sends a message to the leaders
On Monday, the Iraqi Prime Minister, Mustafa Al-Kazemi, called on all political forces for a national dialogue by forming a committee that includes their representatives to sit at the dialogue table and draw up a “road map for the solution.”
Al-Kazemi said in a statement received by Shafaq News Agency, “Iraq is witnessing a great political tension that threatens if wise people do not interfere with dire consequences,” adding:
“While we have taken all “necessary measures” to control the situation, maintain security, and prevent the waste of Iraqi blood, we call on all parties To calm, reduce escalation, to start an initiative for a solution on national bases”.
The Prime Minister called on everyone “not to be drawn into accusations, the language of treason, and to set up hostility and hatred between the Brotherhood in the same country, and to sit at a national dialogue table to reach a political solution to the current crisis, under the roof of Iraqi synergy and the mechanisms of national dialogue.”
Al-Kazemi addressed the demonstrators, saying, “Your message is clear, and your commitment to calm and organization is a duty and appreciated, and it is now time to discuss the mechanisms for launching a reform project agreed upon by the various national parties, and I am sure that in Iraq there is enough rationality and courage to move forward with a project.”
My country is getting the country out of its current crisis.” LINK
Baghdad-INA Supreme Judicial Council, Faik Zeidan, published an article regarding the term caretaker and emergency governments. The following is the text of the article published by the Supreme Judicial Council website and viewed by the Iraqi News Agency (INA):
The indication of a particular phrase on the intent of the constitutional legislator may be explicit so that the possibility of its conflict is excluded, and this phrase is described as being explicit on the intended meaning.
Here it is said that this phrase is apparent in this meaning, so the text that indicates one meaning is described as an explicit text, as it is explicit in this meaning and has no other meaning days until the formation of the new Council of Ministers) as stated in Article (64/Second) of the Constitution (the President of the Republic, upon dissolving the House of Representatives, shall call for general elections in the country within a maximum period of sixty days from the date of the dissolution,
and the Council of Ministers in this case is considered resigned and continues to conduct daaily affairs). In both articles, the intent of the phrase (the Council of Ministers) is to denote the (caretaker government) according to the contextual and customary meaning that reaches the mind of the reader. The same case applies to what is being used in the term (emergency government), and here too there is no explicit text of this name.
Rather, it is stated in Article (61/Ninth) of the Constitution (A- Approval of the declaration of war and a state of emergency by a two-thirds majority, based on a joint request from the President of the Republic and the President of the Republic.
C– The Prime Minister is empowered with the necessary powers that enable him to administer the country’s affairs during the period of declaring war and a state of emergency, and these powers are regulated by law, in a way that does not contradict the constitution)
From this text, the apparent meaning of the phrase (the Prime Minister) mentioned in that article is the indication of the (emergency government) that exercises the powers necessary to manage the affairs of the country during the period of declaring war and the state of emergency, according to the contextual meaning of the sentence and the customary use of this phrase LINK
Popeye7 » August 1st, 2022
Great analysis, and insight MM… Dinner is about to be served as enacting of Iraq’s currency on the world stage is a foregone conclusion… Timing, timing, timing… God bless you, and thanks again..
MilitiaMan » August 1st, 2022
Thank you Popeye, it has been an exciting past few days.. The data supports there has been an abundant amount of correlating things that show interconnectivity globally is about to begin.. imo ~ MM
Member » August 1st, 2022
I would like to know who has the authority to deem Al-Kazemi interim, authority? How does the CF have the ability to stonewall and what’s holding up the dissolution of parliament? Thanks in advance. ~ Increase
MilitiaMan » August 1st, 2022
If I may add my 2 cents.. The Constitution gives the authority for the President and or Prime Minister necessary powers to run the country under war and or emergencies.
Well, the Emergency Food Security Law fits the bill not to mention they have not seated their government for about the last 10 months real close and counting.
The CF (Coordination Framework) is not necessarily stone walling imo, they are exercising their political will in that they believe to be their right to debate, negotiate, save their lives, etc..
The Sadrist movement has done everything they could to get them to the table , while being outside of corruption. Sadr will not have the corrupt in the government. The hold up if there ever was one would be Sadr giving the CF ample time to come on board.
They clearly failed in their efforts and with a noticeable difference in the amount of demonstrators on the CF side of things.. Read Post #145 las thread. Read it closely. Maybe go through this thread. I put together a group of articles that provide links to support my views..
I get the feeling the Kahdimi, has said enough to me that he is already acting as the leader and will continue to do so with legislative powers.. Awesome times now.. imo ~ MM
Source: Dinar Recaps
Samson » August 1st, 2022
Oil drops with rising inflation and the effects of recession
1st August, 2022
Oil prices fell on Monday, as rising global inflation and the effects of recession in America and Europe eroded demand for fuel, while investors prepare for this week’s meeting of officials from OPEC and other major producers on supply adjustments.
Brent crude futures were down $1.07, or 1.03 percent, at $102.90 a barrel at 04:40 GMT, and US West Texas Intermediate crude was at $97.32 a barrel, down $1.30, or 1.32%.
Brent and West Texas Intermediate in July ended their second straight monthly loss for the first time since 2020, as rising inflation and higher interest rates raised fears of a recession that could erode fuel demand.
ANZ analysts said fuel sales to UK drivers are declining, while demand for gasoline has remained below the five-year average for this time of year.
The Organization of the Petroleum Exporting Countries and allies including Russia, in a group known as OPEC+, meet on Wednesday to decide on September production.
Two OPEC+ sources said a modest increase for September would be discussed at the August 3 meeting, while others said output was likely to remain flat. LINK
France freezes Russian assets worth more than one billion euros
1st August, 2022
Guillaume Vallet Valla, head of the intelligence department and the response to secret financial operations of the French Ministry of Finance (Tracfin), said that his country has frozen Russian assets worth 1.2 billion euros.
He pointed out that this does not include the assets of the Russian Central Bank, which were frozen before that.
“The value of the frozen Russian assets (in France) is 1.2 billion euros, not counting the assets of the Russian Central Bank,” the official added in a press interview.
Guillaume Vallet Valla pointed out that this freeze included financial and non-financial assets (for example, real estate).
At the end of March, France froze the assets of the Russian Central Bank in the amount of 22 billion euros.
Earlier, European Commissioner for Justice Didier Reynders said 13.8 billion euros of Russian assets in the European Union had been frozen, including 12.6 billion in six EU countries.
According to him, not all EU countries are making sufficient efforts to freeze assets that have been subject to sanctions. LINK
Source: Dinar Recaps
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