Dinar on Sale for $975 (shipped)!!

FedEx shipping included (CONUS only) with purchase – ONLY $975 per million. If you would like to buy (or sell) Dinar, please call 615-509-6256 (or text) or e-mail us at DinarUpdates@icloud.com

MP: Initial understandings reached between political blocs and the Prime Minister to pass the oil and gas law

MP Adel Al-Mahalawi confirmed on Saturday that there are initial understandings between political blocs and the Prime Minister regarding proceeding with the passage of the oil and gas law in the coming period.

Al-Mahalawi told the Information Agency that there is political activity and initial understandings between political forces and the Prime Minister aimed at creating the necessary atmosphere for passing the oil and gas law, which is considered one of the important laws that has been long awaited.

He added that the law represents a fundamental step in regulating the management of oil wealth and defining the relationship between the federal government, the regions, and the oil-producing governorates in a way that guarantees the preservation of rights and achieves fairness in the distribution of revenues.

He indicated that the coming period may witness further dialogues and agreements between political parties to reach a final version that is acceptable to all concerned parties, in preparation for presenting the law to the Council of Representatives for a vote.

Almaalomah.me

Government advisor: Exchange rate stability has boosted citizens’ purchasing power

The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed on Saturday that the government, headed by Ali Falih al-Zaidi, has taken measures to preserve the purchasing power of the dinar and curb inflation.
Saleh said in a press statement followed by Al-Furat News: “The policy of stabilizing the official exchange rate is based on a fundamental goal, which is to protect the external value of the national currency and maintain the stability of the general price level,” noting that “the stability of the exchange rate has contributed to strengthening confidence in the Iraqi dinar and supporting the purchasing power of citizens.”

Saleh added that “the relationship between the stability of the exchange rate and the stability of prices of goods and services in the local market has remained close, given the limited impact of the parallel market on the pricing system and the effectiveness of monetary policy,” explaining that “financing imports through the official banking system and relying on the state’s foreign reserves has contributed to providing imported goods at stable and controlled prices.”

He added that “government policies to maintain stable prices for goods and public services, along with the expansion of modern commercial distribution patterns, particularly cooperative stores and advanced marketing formulas, have strengthened competition and contributed to reducing inflationary pressures and supporting price stability.”

Saleh explained that “among the most prominent factors that put pressure on the value of the national currency are the decline in official reserves, uncontrolled monetary expansion, and excessive reliance on oil revenues, which are currently subject to geopolitical restrictions imposed on the freedom of energy markets, as well as political and regional tensions and their effects on foreign exchange flows and economic confidence.”

He stressed that “raising the value of the Iraqi dinar is not achieved through quick administrative decisions, but rather through a long-term reform process based on the stability of monetary and financial policies, diversification of national income sources, and strengthening confidence in the local currency,” noting that “the stability of the dinar remains a direct reflection of the stability of the macroeconomy and its ability to cope with local and international changes, which is what the government is working on through a package of measures to strengthen the value of the Iraqi dinar, including working to strengthen foreign reserves, diversifying the national economy and reducing 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 tools and promoting financial inclusion.”

Alforatnews.iq

Al-Zarkoushi: A session to complete the ministerial portfolios is possible during this week.

On Saturday, Abdul Samad al-Zarkoushi, a member of the Coordination Framework, confirmed that holding a session of the Iraqi Parliament to finalize the remaining ministerial portfolios in Ali al-Zaidi’s government this week is possible, pending the completion of political agreements.

Al-Zarkoushi told Al-Maalouma that “all political forces, including the Coordination Framework, agree on the necessity of completing the vote on the remaining ministerial portfolios in Ali al-Zaidi’s government.” He explained that “the possibility of holding a parliamentary session to resolve these issues this week is very likely, pending political agreements expected to become clear within the next 72 hours.”

He added that “finalizing the ministerial portfolios is important, especially since they include ministries with political, service, and security dimensions, such as the Ministries of Interior, Defense, and Planning.” He pointed out that “the next phase is extremely important, especially given the presence of sensitive and complex issues awaiting a government roadmap, particularly in the financial and economic sectors.”

Al-Zarkoushi stressed that “completing the government formation is essential for managing the ministries and proceeding with the plans developed to address many past issues.”

Almaalomah.me

Al-Shaalan: The parliament’s leadership is obligated to hold a session to complete the cabinet formation.

On Saturday, Ali al-Shaalan, a member of parliament from the State of Law Coalition, asserted that the Speaker of Parliament is obligated to convene an extraordinary session during the legislative recess to finalize the remaining ministerial appointments in Prime Minister Ali al-Zubaidi’s cabinet. He accused the Speaker’s office of obstructing the confirmation of several ministers during the confidence vote session.

Al-Shaalan told the Information Agency, “Completing the cabinet is a constitutional and political imperative that cannot be further delayed. Therefore, the Speaker of Parliament must call for an extraordinary session during the legislative recess to resolve this issue.”
He added, “Some ministries were not finalized during the confidence vote session due to procedures and actions by the Speaker’s office that hindered the confirmation of several nominees.” He explained that “political forces are still holding firm to their nominees and are striving to complete the government formation as quickly as possible.”

He pointed out that “the current stage requires the cooperation of all political parties to fulfill the government’s obligations and provide the appropriate conditions for the government to function effectively.”

Almaalomah.me

The framework strengthens its political position… new parliamentary alliances and pressure to finalize the remaining ministerial appointments.

The political arena is witnessing rapid activity within the Coordination Framework forces, coinciding with ongoing disputes regarding the completion of the cabinet and outstanding issues between Baghdad and Erbil. This comes amidst indications that some forces are seeking to bolster their parliamentary influence and leverage available negotiating leverage to resolve political entitlements. In this context, former MP Hussein Mardan revealed moves led by the State of Law Coalition to strengthen its position within the Council of Representatives, confirming its success in attracting more than ten MPs, including independents, in the recent period.

Mardan explained to Al-Maalomah News Agency that there are efforts underway to form a broad alliance comprising more than 100 MPs, which would grant the Coordination Framework and its allies greater weight in managing political and legislative matters in the coming phase. Meanwhile, Aqeel al
–
Rudaini, spokesperson for the Victory Coalition, asserted that the anticipated meeting of the Coordination Framework may not succeed in resolving the existing political disputes, pointing to the continued divergence regarding the completion of the cabinet and the allocation of sovereign ministries.

Al-Rudaini told Al-Maalomah News Agency that the Ministries of Defense and Interior remain a major sticking point in the negotiations, as some political forces cling to their entitlements and refuse to relinquish their shares within the government. Meanwhile, political analyst Atheer Al-Shara’a called on the forces within the Coordination Framework to leverage the issue of ministries allocated to Kurdish parties within the government formation to address outstanding issues between Baghdad and Erbil.

He pointed out that the Ministries of Planning and Reconstruction, which are allocated to the Kurdish component, have not yet been finalized, giving political forces an opportunity to use this issue as a bargaining chip to push the regional government towards fulfilling its constitutional and legal obligations. Al-Shara’a emphasized in a statement to Al-Maalomah News Agency that among the most prominent issues that must be addressed is the transfer of oil and non-oil revenues to the federal government, in addition to proceeding with the enactment of the oil and gas law and resolving the accumulated disputes between the central government and the region.

He added that the continued failure to adhere to signed agreements has cast a shadow over the management of natural resources and the economic situation, requiring clear understandings that guarantee the rights of all parties within the constitutional framework. A crucial negotiating phase is underway, and observers believe the coordinating framework is seeking to bolster its political standing within parliament while simultaneously managing complex negotiations concerning the formation of the government and the relationship with the Kurdistan Region. The vacant ministerial posts and the mutual obligations between Baghdad and Erbil appear to be among the most prominent bargaining chips in the coming period.

Almaalomah.me

The Prime Minister reveals “important” decisions in the areas of economy, energy, and security.

Prime Minister Ali al-Zaidi revealed on Saturday “important” decisions in the fields of economy, energy, security, and others related to the poor and public sector employees.
A statement from the Cabinet, received by the Information Agency, indicated that “al-Zaidi confirmed the imminent issuance of important decisions for the country in the areas of economy, energy, security, and preserving sovereignty.”
He added that “other decisions will be issued concerning citizens from the poor class and public sector employees.”

Almaalomah.me

A Chinese tanker carrying two million barrels of Iraqi oil departs the port of Basra.

A source at Iraqi ports reported on Saturday that a Chinese oil tanker carrying approximately two million barrels of oil had departed from the port of Basra in the far south of the country.

The source explained to Shafaq News Agency that the Chinese tanker (Kiara – M), which carries the flag of (San Marino), recently arrived at the Basra oil port and loaded two million barrels of oil, adding that the tanker left the export terminals earlier today after completing its loading of Iraqi crude oil.

This comes as the northern port of Umm Qasr received, on June 1st, the first cargo ship coming directly from China via the Strait of Hormuz, despite the ongoing tensions in the region.

Shafaq.com

An Iraqi roadmap to pursue five trillion dollars from the 2003 invasion

On Saturday, academic and economic expert Nasser Al-Kinani said that he had prepared a legal file estimating the compensation for damages inflicted on Iraq as a result of the 2003 invasion at about five trillion dollars, calling on the Iraqi government to rejoin the International Criminal Court to move this file internationally.

Al-Kinani told Shafaq News Agency that over the past years he has collected a large file containing legal documents, video recordings, photos and international reports related to what he described as the violations and damages of the invasion and occupation, noting that he has contacted law firms and legal companies in the United States, Britain and other countries to study the possibility of filing compensation claims in the name of Iraq.

He added that estimates prepared by legal authorities who had reviewed the file, according to him, put the value of possible compensation at about five trillion dollars, which could be claimed from the countries that participated in the invasion of Iraq, foremost among them the United States.

Shafaq News was unable to independently verify the estimated extent of the damages or the legal mechanisms that could allow for the collection of these compensations.

But Al-Kinani said that the damages he is demanding be documented include state institutions, Iraqi, Arab and foreign private sector companies, in addition to the damages inflicted on citizens, noting that the war and its aftermath caused large numbers of dead, wounded and affected people.

He pointed out that the main obstacle to this path is that Iraq has not become a party to the Rome Statute of the International Criminal Court, after the Iraqi interim government headed by Iyad Allawi decided to join the system in February 2005, before withdrawing the decision in March of the same year.

Al-Kinani said that Iraq’s rejoining the International Criminal Court would, in his estimation, give Baghdad an opportunity to pursue legal cases related to violations, compensation, and the protection of the rights of the state and its citizens.

The International Criminal Court, established under the Rome Statute, is competent to prosecute individuals accused of genocide, crimes against humanity, war crimes and the crime of aggression. It is not, by its very nature, a court to adjudicate compensation claims between states.

Article 5 of the Rome Statute stipulates the crimes within the jurisdiction of the Court, while Article 25 defines individual criminal responsibility, i.e., the prosecution of natural persons, not states. Article 11 also stipulates that the Court shall exercise its jurisdiction over crimes committed after the Statute has entered into force for the State concerned.

Article 75 of the Statute relates to compensating victims after a specific person has been convicted, and includes restitution, compensation and rehabilitation, but it does not provide a direct route to obligate a state to pay financial compensation to another state.

The International Criminal Court had previously examined allegations of war crimes committed by British forces in Iraq between 2003 and 2008, given that Britain is a State Party to the Rome Statute, but it closed the preliminary examination in 2020 without opening a full investigation.

Shafaq.com

Iraqi President: Efforts are ongoing to reach an understanding on disarming other factions

On Saturday, President Nizar Amidi praised the initiative of some Iraqi factions to hand over their weapons to the state and to cooperate in ensuring that this matter is exclusively in the hands of the relevant authorities, stressing the need to consolidate security and stability in the country.

Amidi said in a speech during the “Delphi” economic forum in Sulaimaniyah that efforts are continuing to reach an understanding on disarmament in a way that enhances the security and stability of the country and contributes to reconstruction and development, stressing that

Stability is no longer just a local goal, but has become a prerequisite for local, regional and global development.

He added that practical and productive dialogues are necessary to address challenges and reduce escalating risks, noting that the challenges facing Iraq should not hinder the aspiration to develop the well-being of the people and enhance opportunities for prosperity.

The Iraqi president explained that among the most prominent challenges are developing and diversifying sources of income, ending the rentier system, stimulating investment, and establishing a safe and attractive environment for investors. He pointed out that combating corruption and eradicating its strongholds courageously and without hesitation represents a fundamental priority in the path of reform and development, calling on

To the combined efforts of the executive, legislative and judicial authorities to confront the challenges and achieve the goals of development and stability.

This comes in conjunction with the announcement by the head of the Security Media Cell, Lieutenant General Saad Maan, on Thursday, of the launch of the first practical steps to integrate armed factions into the official security system, through the handover of the headquarters and weapons of the “Saraya al-Salam” in the city of Samarra, in response to the initiative launched by the leader of the Shiite National Movement, Muqtada al-Sadr.

Shafaq.com