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KTFA
Samson » September 7th, 2022
Brent crude drops below $90 a barrel for the first time since the Ukraine war
09/07/2022 16:34:27
International Brent crude oil fell below $ 90 a barrel for the first time since Russia’s war on Ukraine.
And oil prices fell today, Wednesday, to their lowest levels since last January, after the restrictions of Covid-19 in China and expectations of further interest rate hikes renewed fears of a global economic recession and reduced fuel demand growth. LINK
Iranian Central: Offering the Iraqi dinar to local banks
7th September, 2022
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The Governor of the Central Bank of Iran announced the introduction of the Iraqi dinar currency in local banks.
The governor, “Ali Saleh Abadi,” said in a statement on the sidelines of the cabinet session today, Wednesday, that a quantity of the Iraqi dinar entered the country yesterday and will be distributed starting tomorrow (Thursday).
He pointed out that those wishing to perform the fortieth visit of Imam Hussein (peace be upon him) should go to the local banks to provide the dinar currency besides reviewing the exchange offices.
And he indicated that 25 local banks have been identified to offer the dinar currency, in order to avoid crowding the exchange offices in the market. LINK
The Federal Court rejects the lawsuit to dissolve Parliament..and this is the text of its decision
09/07/2022 15:12:03
The Federal Supreme Court decided to reject the case for dissolving the House of Representatives.
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In light of its decision, the Federal Supreme Court held the following:
1. The members of the House of Representatives, after being elected, do not represent themselves or their political blocs, but rather the people. Therefore, it was necessary for them to work to achieve what they were elected for, which is the people’s interest, not to be a reason to obstruct their interests and threaten their safety and the safety of the people completely
2. The stability of the political process in Iraq requires everyone to abide by the provisions of the constitution and not to exceed it, and no authority may continue to exceed the constitutional periods indefinitely, because this is in violation of the constitution and the demolition of the entire political process and a threat to the security of the country and citizens
3. The penalty imposed on the House of Representatives for not carrying out its constitutional duties is to dissolve the House when there are justifications for it
4. The Constitution of the Republic of Iraq for the year 2005 has drawn up the constitutional mechanism for dissolving the House of Representatives in accordance with the provisions of Article (64/First) thereof
5. The jurisdiction of the Federal Supreme Court is limited by Article (93) of the Constitution and Article (4) of the Federal Supreme Court Law and does not include the dissolution of Parliament
6. The Constitution of the Republic of Iraq for the year 2005 did not overlook the regulation of the provisions of the dissolution of Parliament, and therefore there is no room for applying the theory of constitutional omission LINK
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Ryan1216 » September 7th, 2022
Now how will we get Parliament dissolved and move forward??
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DoTalktome » September 7th, 2022
Frank has taught us parliament has been dissolved a long time ago. Pay no attention to articles saying otherwise.
Popeye7 » September 7th, 2022
Imo, thanks Samson for the news today, and everyday that you never fail to keep us informed about Iraq…
There is certainly something afoot, and with the ruling of Iraq’s Judicial council, this to me is good news in that all avenues have been exhausted for the public to see… In fact it would not surprise me if this delayed ruling was a diversion of sorts…
There is a day for this to occur that very few know… We are drawing closer to it… Lots of what is going on is filler so to speak till that day is reached…
The fact remains, and as Frank, and the teams have pointed out, Iraq’s parliament is nothing more than a lame duck, having no power at all… They neglected their constitutional duties as the articles pointed out… As we have all been reading, PM Kazemi has been exercising the authority granted him because of parliament lame duck status, and the very reason why he has been meeting with leaders of other nations on an ongoing basis for the past few months or so…
Remember the article earlier this week inviting him to the UN meeting that begins on the 13th of Sept?… It is the 77th session as MM posted a link for that 2 week meeting to transpire… Let’s see how the rest of the week plays out… But remember that everything is in order for this to go folks… Just a matter of when, and not if…
No rates, or dates, and do not allow for the distractions within some of the articles to lessen the enthusiasm.. There is always going to be drama propagated via the press… All the while everything is in order for this to occur… Again Imo, and in God’s prophetic time frame… Have a great day, and God bless… Thanks again for all here..
Samson » September 7th, 2022
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Legal expert: The Federal Court ruled that Parliament should be dissolved, but it did not fulfill it
07/09/2022 15:54:49
A legal expert explained the decision of the Federal Supreme Court regarding the response to the case for dissolving the House of Representatives.
Ali Al-Tamimi said in a statement that {Euphrates News} received a copy of it: “In the Federal Court’s decision, condemning the Iraqi parliament for violating the constitutional terms, which leads to the demolition of the entire political process and threatens its safety and the integrity of the country as a whole.
Its dissolution is based on Article 93 and Article 4 of the Constitution, that it is not within its competence to dissolve Parliament, but rather the matter is left to the political blocs and the executive authority.”
The Federal Supreme Court rejected, at its session today, the lawsuit submitted by the Sadrist movement regarding the dissolution of the House of Representatives. The court considered that its competencies are “determined by Article (93) of the Constitution and Article (4) of the Federal Supreme Court Law, and it does not include the dissolution of Parliament, but the penalty imposed on the House of Representatives for failing to fulfill its constitutional duties is to dissolve the Council when there are justifications.”
The court reminded the members of the House of Representatives that they “do not represent themselves or their political blocs, but rather the people, and therefore it was necessary for them to work to achieve what they were elected for, which is the people’s interest, not to be a reason to obstruct their interests and threaten their safety and the safety of the people completely.”
And she stressed that “the stability of the political process in Iraq requires everyone to abide by the provisions of the constitution and not to exceed it, and no authority may continue to exceed the constitutional periods indefinitely, because this is a violation of the constitution and the demolition of the political process completely and a threat to the security of the country and citizens.” She noted that “the Constitution of the Republic of Iraq for the year 2005 has drawn up the constitutional mechanism for dissolving the House of Representatives in accordance with the provisions of Article (64/First) of it.”
Integrity seizes 14 fraudulent loan transactions in a government bank
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7th September, 2022
Today, Wednesday, the Investigation Department of the Federal Integrity Commission revealed the seizure of loans granted in a government bank in Baghdad, according to forged transactions.
The Investigations Department of the Integrity Commission reported, through a statement, that “Al-Naeem News” received a copy of it. The work team of the Baghdad Investigation Directorate, which moved to one of the branches of Al-Rasheed Bank in Baghdad, was able, after carrying out follow-up, investigation and audit work, to seize the origin of (14) false loan file, pointing out that “there was complicity by a group of bank employees in granting loans.”
She added that “the loan amounts range between (15-20) million dinars for each loan, within the loans granted to small projects,” noting at the same time “the control of the account statement for the movement of customers for these loans.”
She explained that “through the audits carried out by the team, it was found that all the documents submitted to obtain the loans were forged,” noting that “a fundamental seizure report was organized with the seized criminal evidence, and presented to the judge of the Rusafa Investigation Court, which is specialized in integrity issues; to take appropriate legal action.” LINK
Source: Dinar Recaps
Samson » September 7th, 2022
Putin: Western sanctions threaten the whole world and it is impossible to isolate Russia
7th September, 2022
Russian President Vladimir Putin stressed, on Wednesday, that the fever of Western sanctions poses a threat to the whole world, considering that the United States has undermined the foundations of the global economic order.
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Putin said in statements during his speech at the plenary session of the seventh edition of the Eastern Economic Forum in the city of Vladivostok in the far east of Russia, which was reviewed by “Al-Naeem News”. “The Corona pandemic has been replaced by other challenges that threaten the whole world. We are talking about the (Western) sanctions fever.”
Putin noted that inflation in Russia is declining. According to the results of this year, it will be at 12 percent, adding that Russia is almost the only country in the world capable of meeting its needs of natural resources.
Putin continued: “The economic situation in Russia has stabilized. But difficulties still exist, especially with regard to supplies from abroad,” he said, adding: “It is impossible to isolate Russia, and it is enough just to look at the map.” He noted that one of the reasons for the closure of companies in Europe is severing trade relations with Russia, saying: “Europeans continue to act as colonialists and continue to deceive poor countries.”
Putin added: “Western countries will enter into an economic crisis. And social because it only cares about the interests of the rich. Perhaps it is worth stopping the export of grain from Ukraine to rich countries. I will consult with Turkish President Erdogan on this issue.”
The Russian President indicated that it will be used. The Russian ruble and the Chinese yuan in gas payments with China in equal proportions, stressing that the Asian economies. It is growing faster than western economies.
The forum attracts more than 4,000 participants from more than 60 countries, and Moscow says it is an effective platform for exchanging views and experiences between policy makers, officials and business representatives from around the world. LINK
DoTalktoMe » September 7th, 2022
Putin, Russia and China have made an agreement for all trading between these two countries to only use there own currency and no longer use the USD. They are encouraging other countries to do likewise. (thumbs up)
Samson » September 7th, 2022
‘You will pay for it in rubles’.. Myanmar begins buying Russian oil products
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7th September, 2022
On Wednesday, Myanmar began buying Russian oil products, which in a few days will receive the first supply of diesel fuel, and will pay for the shipments in Russian rubles.
Myanmar Prime Minister Min Aung Klein said in a press statement, which was followed by “Al-Naeem News”, that “the supply of oil products from Russia to Myanmar is already being implemented successfully. In a few days we will receive the first supply of diesel fuel from Russia.”
He continued, “As for the payment system, it will be according to what the Russian side proposes, and this greatly simplifies our task. Because in other currencies, there are many restrictions on receiving and transferring,” noting that “it is better for Myanmar to pay for Russian energy resources. Which you will buy in rubles.”
And in late April, an Italian official announced that his country would not pay for Russian gas in rubles. Pointing out that Italy is among the countries that are preparing themselves to dispense with Russian gas.
Italian Foreign Ministry Undersecretary, Benedetto Della Vidova, said in a media statement, which was followed by “Al-Naeem News”, that “his country will not pay for Russian gas in rubles,” noting that “it was an attempt by Russian President Vladimir Putin. But we confronted it.”
He added, “Italy is among the countries organizing themselves to dispense with Russian gas. We are looking for other sources of supply, and we have to speed up the renewable energy projects that are waiting for licenses and can start immediately.” LINK
An Asian country announces an alternative to the US dollar
7th September, 2022
Myanmar’s head of state indicated what could be used to stave off the threat the US dollar poses to international trade.
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Min Aung Hlain said in his speech to the Eastern Economic Forum, which is holding its seventh meeting in the Russian city of Vladivostok, which was reviewed by Al-Naeem News. The major countries practice a “dollar intimidation policy,” and he believes that this danger can be warded off by using other currencies, especially the Russian, Chinese and Indian currency, to settle payments resulting from trade exchanges between countries.
The dollar can also be dispensed with by exchanging one commodity for another directly, according to the Myanmar head of state.
Myanmar is officially the Republic of the Union of Myanmar. Also known as Burma or Brahmadesh, it is a country located in Southeast Asia.
The US dollar (sign: $, symbol: USD) is the official currency of the United States and its dependencies. The US dollar was issued under the Instrument Act of 1792, and was equal to the Spanish silver dollar, divided into 100 cents. The law licensed a currency denominated in dollars and cents. American banknotes are issued in the Central Reserve Bank of America, and people call them “greenbacks” because historically the color of their appearance was predominantly green. LINK
ATPinfinity » September 7th, 2022
BRICS are pissed
WAR HAS BEEN DECLARED ON THE DOLLAR!
Brazil
Russia
India
China
South Africa
Source: Dinar Recaps
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