“Tidbits From TNT” Monday Morning 9-18-2023

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TNT:

CandyKisses:  US lawmakers introduce bill to block digital dollar

Economy News-Baghdad

The US House of Representatives Financial Services Committee has announced that it will go ahead with new legislation aimed at preventing the central bank from issuing a digital currency (CBDC).

According to the announcement by Chairman Patrick McHenry, the committee will submit two draft laws on the potential digital dollar on September 20. Lawmakers will debate details of the bills in private sessions, as a crucial step before the bill moves to the House of Representatives.

The first bill, introduced by Representative Alex Mooney in May, would prevent the Federal Reserve from initiating pilot programs to test central bank-issued cryptocurrencies without congressional approval

Tishwash:  Sudanese arrives in New York

Prime Minister Muhammad Shiaa Al-Sudani arrived on Monday in New York City in the United States of America.

The Prime Minister’s Media Office said in a statement received by Shafaq News Agency, “Al-Sudani arrived in New York to participate in the meetings of the United Nations General Assembly, in its seventy-eighth session.”

Al-Sudani left the capital, Baghdad, yesterday evening, Sunday, heading to New York to participate in the meetings of the United Nations General Assembly at its seventy-eighth session.

This came according to a brief statement issued by his media office and received by Shafaq News Agency.

The Iraqi delegation will participate in the meetings of the United Nations General Assembly, headed by Al-Sudani and Foreign Minister Fuad Hussein, and they will meet there with many world leaders, according to Foreign Ministry spokesman Ahmed Al-Sahhaf.

Hussein arrived last Friday in New York to prepare for the Prime Minister’s visit, in preparation for participating in the meetings of the United Nations General Assembly.  link

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Tishwash:  Mr. Al-Hakim: The tripartite budget will turn the country into a workshop in line with the challenges and opportunities available

The head of the National State Forces Alliance, Mr. Ammar al-Hakim, confirmed today, Monday, that the tripartite budget will turn the country into a workshop by virtue of the capabilities, opportunities, and service, urban, and development projects it provides,

Al-Hakim’s media office stated in a statement received by {Al-Furat News}: “During our meeting with Stephen Hitchen, the new British ambassador, we wished him success in his diplomatic mission in Iraq, and we reiterated the importance of Iraq’s openness to its regional and international environment and its firm desire and endeavor in this direction, in a way that achieves interests of its people and preserves its sovereignty.”

 Mr. Al-Hakim referred to “the nature of the changes taking place in the Iraqi arena,” indicating that “the tripartite budget will turn the country into a workshop by virtue of the capabilities, opportunities, and service, urban, and development projects it provides, while we highlighted the necessity of preserving Iraq’s stability as it is in the interest of regional and international stability.” 

He stressed the importance of reforming the administrative reality in the country, as it has suffered from overlapping and declining laws, which requires modernizing it and updating the laws in line with the challenges and opportunities available.   link

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Tishwash:  A shocking number in the number of electronic financial cards in Iraq, and this is the amount allowed to be withdrawn daily

 On Sunday, financial and banking experts revealed the number of electronic financial cards in Iraq and the size of the amount allowed to be withdrawn daily.

Financial and banking expert Dr. Mahmoud Dagher said in an interview with the Al-Thamia program presented by our colleague Ahmed Al-Tayeb told that “the number of electronic financial cards has exceeded 20 million cards in the country,” explaining that “the amount that is allowed to be dealt with daily via the card is $1,400.” For a regular card.

He pointed out that “a large portion of the dollar in Iraqi markets goes to Iran,” noting that “transfers through the platform do not allow any transfer to go to the sanctioned entities.”

Dagher continued, “Bank owners will no longer be involved in transfers to banned entities,” noting that “Iran will not be able to enter a single dollar except with the approval of the United States and through the European mechanism.”

He pointed out that “Iraq cannot solve Iran’s major problems with the international community,” explaining that “the stock exchange for selling the parallel dollar is not in Baghdad.”

For his part, Mustafa Akram Hantoush, an economic expert, said, “The US Treasury Assistant Secretary’s goal in visiting Iraq is to stop the smuggling of dollars across the border, and she is responsible for stopping the smuggling of dollars to banned groups.”

He pointed out that “there is a process of collecting small remittances in some non-sanctioned countries and then they are resold locally,” noting that “banning new Iraqi banks has become useless for the United States.”   link