TNT – More News, Rumors and Opinions Sunday Evening 11-12-2023


Candykisses:  Hundreds demonstrate in Sulaymaniyah to demand payment of their 3-month-old salaries

Baghdad Today – Sulaymaniyah

Hundreds of employees and teaching staff demonstrated on Sunday (November 12, 2023) in the city of Sulaymaniyah to demand the payment of their salaries delayed for 3 months.

The correspondent of “Baghdad Today” said that “hundreds of protesters in Sulaymaniyah renewed their demonstrations in the center of the city in protest against the non-payment of their delayed salaries for three months,” noting that “the demonstrations were with the participation of school students who demanded the assumption of work, as well as the participation of dozens of employees in different ministries.”

He pointed out that “the protesting students headed towards the building of the Directorate of Education of Sulaymaniyah,” noting that “the demonstrations witnessed the imposition of strict security measures represented by cutting off the public road between Salem Street and Kirkuk highway.”

Tishwash:  Expectations of a change in the price of a barrel of oil in the 2024 budget

Financial expert, Salah Nouri, expected a change in the price of Yarmil oil in the 2024 budget.

Nouri said {to Al-Furat News}: “There is little possibility of changing the price of a barrel of oil, because basically the Ministry of Finance approves the price of selling oil as a conservative one, that is, it is lower than the international price by about (10) dollars.”

He added, “With regard to the possible need to approve the 2024 budget law, despite the approval of the tripartite budget, there is an urgent need for it to be approved by the House of Representatives.”

Nouri pointed out, “The approval will take place if the Ministry of Finance amends some articles of the 2024 budget that was previously approved. The House of Representatives will only discuss the amended paragraphs, and thus it will not delay in approving them.”

A financial advisor to Prime Minister Muhammad Shiaa Al-Sudani revealed to Al-Furat News the extent of the possibility of the need next year 2024 for legislation or amendment to the tripartite financial budget approved by Parliament last June.

Mazhar Muhammad Salih believes that the Federal General Budget Law of the Republic of Iraq No. 13 of 2023 represents an integrated financial plan for three years 2023, 2024 and 2025, and therefore there is no need for any new financial legislation, unless new financial and economic conditions arise that require the adoption of what requires an addition or Amending some constants and variables here and there. The government can go to the House of Representatives to approve the required partial amendments if the urgent need arises.

At dawn on June 12, the House of Representatives approved the draft financial budget law for the current year 2023 and the following years 2024 and 2025.

It is noteworthy that, on March 13, the Council of Ministers approved the largest financial budget in the country’s history, which exceeded 197 trillion and 828 billion Iraqi dinars (about 152.2 billion dollars), with a total deficit amounting to 63 trillion Iraqi dinars, taking advantage of the rise in oil prices, which constitutes more than 95 percent. % of the country’s financial revenues.  link


Courtesy of Dinar Guru

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  On television they are showing Sudani again in Kurdistan…they are still having talks with the WTO…That caught us by surprise…They are saying from the WTO that they are doing the final edits to conclude the post ascension of Iraq into the WTO… FRANK:  You got shoulder to shoulder.  There are no problems!  …The WTO is not in Baghdad anymore, they’re in Kurdistan… Wow, this is getting serious!  FIREFLY:  They are telling us they will be included in it because of what they have done with the monetary reform…

Militia Man  Iraq’s assistance for ascension is a key indicator especially when they’re talking about post ascension.  That is powerful because if they’re talking about post ascension it gives you the heads up that the game’s on – They’re ready to finish it…

Central Bankers Preparing for Major Bond Market Crisis.

Maneco64:  11-12-2023

I will be joined on Sunday by Clive, Rafi, Andre, and Francis to talk about the bond market and much more. Join us for an hour in which we will be taking your questions too.

We will look at why Central Bankers are so concerned about the bond markets that they are conducting exercises with the major financial institutions in order to prepare for a major crisis.

America Warns China To Obey As US Debt Auction GOES BAD

Sean Foo:  11-12-2023

Yellen met with China’s He, telling him to obey US sanctions on Russia. However, at the same time, demand for US treasuries is starting to collapse with the 30-year auction ending in disaster. We are seeing the US tighten sanctions because excessive borrowing in the debt markets is starting to backfire big time. Here’s what you must know!

Timestamps & Chapters:

0:00 Yellen Warns China

2:49 US Bonds Collapse Further

 6:00 China Iran Oil Risk

 9:11 Why China Isn’t Happy

11:46 Biden-Xi Meeting