TNT – More News, Rumors and Opinions Thursday Afternoon 5-9-2024


Tishwash:  The Iraqi Parliament enters its legislative recess and requires holding an “extraordinary” session on two matters

A member of the Iraqi Parliament announced, on Thursday, that the House of Representatives will enter its legislative recess, starting tomorrow, Friday.

Member of the Parliamentary Legal Committee, Raed Al-Maliki, told Shafaq News Agency, “Today, Thursday, the House of Representatives ended the first legislative term of the third legislative year, and starting tomorrow, Friday, the House will enjoy the legislative recess until next June.”

He explained, “The second legislative term will begin next June 9, and therefore the House of Representatives will enjoy the legislative recess for only one month.”

He pointed out, “If the position of Speaker of the House of Representatives is agreed upon or the budget tables are sent to the House, Parliament will hold an extraordinary or emergency session to discuss any important event during the legislative recess.”

The Shiite coordinating framework announced, after a meeting in Maliki’s office on Monday, its intention to hold a session dedicated to choosing a speaker for Parliament after the expiry of a deadline it set (one week), at a time when three Sunni alliances announced their support for the framework’s position.  link

Tishwash:  The European Union and Iraq agree to increase cooperation between them

 The European Union Ambassador to Iraq, Thomas Seiler, revealed that he agreed a few days ago with the Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, to increase and intensify cooperation.

Siler said on the “X” platform (formerly Twitter), on Thursday, on the occasion of European Integration Day, that the European Union is working with Iraq within a democratic framework that guarantees equal opportunities for all.

He added that this comes within the framework of private sector development, job creation, social protection and education, and combating corruption.

Siler stressed Iraq’s support in the civilian security sector with the police and judiciary, as well as work in the fields of human rights and civil society, noting that all of this is for the benefit of the Iraqis without ignoring their customs and traditions.

The European Union ambassador to Iraq noted that “three days ago he agreed with the Sudanese to increase and intensify cooperation.”

Iraq has previously expressed its need for the support of the European Union, in order to carry out political reforms and economic rehabilitation, while the European Union expressed its readiness to cooperate with the Iraqi government to strengthen the banking sector in the country. link


Tishwash:  The Iraqi Central Bank informs France of the plan to restructure government banks

The Central Bank of Iraq confirmed, on Thursday, that the plan to restructure government banks will change the map and reality of the banking sector in Iraq.

A statement from the bank received by Shafaq News Agency stated, “The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received the French Ambassador to Baghdad, Patrick Durel, and the meeting dealt with ways to strengthen banking relations between the two countries, and His Excellency the Governor gave a comprehensive explanation of the relations and economic conditions, as well as the government’s directions.”

 “In consolidating the foundations of the national economy and diversifying it in light of the state of security stability achieved in Iraq.”

The meeting also clarified “the plan to restructure government banks, which enjoys support and regular follow-up by the Prime Minister, indicating that this plan will change the map of the banking sector and its reality in Iraq.”

The Governor of the Central Bank also pointed to “the rapid developments in organizing, monitoring and analyzing foreign transfer operations and covering foreign trade in accordance with best international practices and standards, which are receiving great praise and attention from international and regional organizations.”

For his part, the French ambassador expressed satisfaction with the developmental and economic developments he observed in Iraq, especially during his tour of the provinces, expressing his country’s readiness to strengthen and develop banking relations with Iraq.

The ambassador explained that the economic relations between the two countries are growing at the level of entry of French companies and the use of their expertise in investment projects.

The French ambassador invited the Governor of the Central Bank of Iraq, after making the necessary arrangements, to visit the financial and banking institutions in France, especially the Central Bank of France.

It is noteworthy that the Central Bank of Iraq owns deposits and accounts with the Central Bank of France, and they have had distinguished cooperation relations over many years.  link


Courtesy of Dinar Guru:

Militia Man  If they were going to have a budget based off the exchange rate of 1310 why would you be keeping it close to your chest so long?  Why would you be waiting and waiting and waiting and waiting and waiting?  You wouldn’t.  

Frank26   Who tells the CBI they can raise the value of their currency?  IMF…The US Treasury has its own problems.  It’s called the American dollar.  The CBI works with the IMF.  Go to the IMF website and look up the Iraqi dinar.  It’s going to tell you the Iraqi dinar is going through a reevaluation and a reinstatement adding value to its currency.

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