TNT – More News, Rumors and Opinions Wednesday PM 5-22-2024


CandyKisses:  International group lifts Iraq from ‘bad’ financial list

Shafaq News / The Middle East and North Africa Financial Action Task Force (MENAFATF) on Wednesday ranked Iraq as a country highly committed to recommendations on combating money laundering and terrorist financing.

The Media Center of the Iraqi Supreme Judicial Council, in a statement received by Shafaq News, said that the organization decided at its general meeting held in the Kingdom of Bahrain for the period from May 19-23, to consider Iraq one of the countries that are highly committed to the recommendations of the Financial Action Task Force (FATF) in the field of combating money laundering and terrorist financing.

He pointed out that “the report of the residents on Iraq and the adeqency of the procedures followed by the Iraqi authorities in the field of combating money laundering and the financing of terrorism were accepted.”

He pointed out that accepting the residents’ report “means continuing not to include Iraq on the gray list, which is the list of high-risk countries in the field of combating money laundering and terrorist financing, after the Iraqi team succeeded in convincing the general meeting of MENA FATV of the adequacy of the measures taken by it in this field.”

The media center explained that the two deputy presidents of the Karkh Court of Appeal, Judges Ali Hussein Jaffat, Lia Jafar, and the Deputy Chairman of the Russafa Court of Appeal, Judge Ayad Mohsen, participated in the meeting with a group of representatives of the Anti-Money Laundering Office of the Central Bank of Iraq, as well as representatives of the rest of the relevant Iraqi institutions.


Tishwash:  US Extends State of Emergency in Iraq

United States President Joe Biden has extended the state of emergency in Iraq for another year, citing the ongoing instability in Iraq as a threat to US national security.

On Monday, the White House released the letter of President Biden’s notification to Congress regarding the extension of the state of emergency in Iraq for another year.

According to Biden’s letter to Congress, “to address the unusual and extreme threats to US national security and foreign policy posed by obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political administration and economic institutions,” the US president has extended the 2003 national emergency in Iraq for another year.

Resolution 13303 was issued by former US president George W. Bush after the Iraq war on May 22, 2003, to protect the Iraqi Development Fund for the reconstruction of Iraq, as well as to protect Iraqi oil products, US interests, and to lift sanctions on Iraq.

“It will allow the US president to take more steps in Iraq, including the use of emergency forces, the deployment of more troops, the imposition of economic sanctions, the suspension of certain laws and measures, or any other step to protect US national security and foreign policy in Iraq.”

The US president must notify Congress of the extension in a special letter 90 days before the expiration date.

In recent years, Iranian-backed Iraqi militia groups have called for US withdrawal from the country.

For future US and international coalition forces in Iraq, the US and Iraq have established a joint Higher Military Commission, which is a military-to-military dialogue between Iraqi and U.S. defense leaders and professionals.

Since its launch in January 2024, the three subcommittees established by the Higher Military Commission have conducted meetings in Baghdad supported by coalition members to discuss the threat of IS, the operational environment, and the capabilities of the Iraqi Security Forces.Link


Courtesy of Dinar Guru:

Frank26  Is Iraq a member of the WTO? ‘Well, Frank you say they’re a member of the WTO, they qualified for it.’  But do you see any official paper that tells you they’re a member of the WTO. ‘No.’  Why not Until you see the new exchange rate. But you don’t have to have a high exchange rate to join the WTO.  Why do you say something like that?’ Because commitments were made in contracts that were guaranteed by Sudani for all these people through the WTO investments for the economic reform of Iraq.

Mnt Goat  The UN, IMF and World Bank all on one day, Thursday, noted significant progress that Iraq has made in recent years, despite ongoing challenges. The reinstatement spigot has been opened. The direction is now clear.

Commodities Have ‘Never, Ever’ Been More Undervalued Than Today: Leigh Goehring

Commodity Culture:  5-22-2024

Leigh Goehring brings his decades of experience as an investor in natural resources to send a message: now is the time to invest in commodities, as they have never been more undervalued in the history of markets. Leigh goes in-depth on his investment thesis for gold, silver, uranium, copper, energy, and agriculture, along with explaining the cyclical nature of commodities and why today is when you want to be invested in the sector.


Greg Mannarino:  5-22-2024