News, Rumors and Opinions Sunday PM 5-31-2020
TNT:
Tishwash: In the document .. "Historic Agreement" between Al-Kazemi and the Kurdistan Region .. (Final Settlement) from four points!
The government of Prime Minister Mustafa Al-Kazemi is moving toward resolving one of the most complicated issues since the establishment of the new Iraqi regime after the year 2003, after government documents revealed signs of an agreement that has been described historically between the federal government and the Kurdistan Regional Government, regulating the financial relationship between the two parties and ending decades of uncertainty and exchange Accusations.
According to the documents, correspondence between the federal government and the territorial government ended in Arbil agreeing to the federal government's proposal to make a final settlement that might end decades of difference.
The correspondence begins with a document issued by the office of the Federal Minister of Finance Ali Abdul Amir Allawi on (19 May 2020) mentioning the text of a proposal submitted by the Minister to the President of the Kurdistan Regional Government, Masroor Barzani.
The Federal Government will launch the last financial payment to the region for the month of April, and stipulates the completion of the comprehensive agreement Before paying any sums for the coming months, Baghdad also shrank the current payment by about 50 billion dinars from the amount that was sent by the previous government headed by Adel Abdul-Mahdi, which was paid to the region a total of 450 billion dinars.
The federal government proposal consists of 4 points:
1 - The Federal Ministry of Finance pays an amount of 400 billion Iraqi dinars for the month of April to the Kurdistan region.
2 - Entering intensive meetings between representatives of the federal government and representatives of the region to offer agreement on a final settlement between the two parties within a period not exceeding 30 days starting from the date of the financing mentioned in paragraph 1, and adopts the Federal Financial Management Law as a basis for it.
3- The Federal Financial Supervision Bureau, in coordination with the Federal Ministry of Finance and the Financial Supervision Bureau in the region, shall calculate and audit non-oil revenues for the region.
4 - Financing for the subsequent payments for the month of April after implementing the agreement that will result from the meetings mentioned in paragraph 2.
On the same day, Minister Allawi receives a response from the Kurdistan Regional Government, signed by the Minister of Finance and Economy in the Kurdistan Regional Government, and according to the response document issued by the office of Minister Awat Janab Nuri, “The Kurdistan Regional Government of Iraq confirms its approval of the content contained in the Federal Minister of Finance’s book
Five days after the approval of the federal government on the federal proposal, Finance Minister Ali Allawi will issue his 809 letter, in which he approves the last payment before the comprehensive agreement between the two parties, which amounts to 400 billion dinars.
According to the information, the federal government and the territorial government are going to close the file permanently, and according to a mechanism that will include putting the entire region's oil at the disposal of the Iraqi Federal Oil Marketing Company "SOMO".
But the agreement that Baghdad seeks to conclude is not limited to oil exports, but includes, according to the paragraphs proposed by Allawi, and approved by Nuri, the entry of teams from the Federal Financial Supervision Bureau to audit the records of the region, regarding its non-oil imports, such as border crossings.
And in the event that the parties succeed in passing an agreement at this level, a large and thorny file will be closed between Baghdad and Erbil, as long as it raised troubles for the two parties and caused negative consequences for the citizens of the region, such as delayed payment of employee salaries, in addition to the social repercussions left by the crisis that has lasted for more than a decade, in terms of feeling Some provinces are injustice.
The recent agreement could also cause the end of the file of temporary remedies that some previous governments were forced to, such as the government of former Prime Minister Haider al-Abadi, which was forced to establish customs controls on the administrative borders of the region, or the government of former Prime Minister Adel Abdul-Mahdi, whose president resigned without a final and radical solution For the case. link
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Tishwash: An "optimistic" American report by Al-Kazemi: Washington and Tehran meet quietly behind him
The American Wall Street Journal considered that the task of Iraqi Prime Minister Mustafa Al-Kazemi lies in balancing between two opposing powers, the United States and Iran, and maintaining the "steering" of Iraq away from the possibility of turning into a battleground between them.
The American newspaper said in a report today, that Washington and Tehran met quietly behind an Iraqi politician who you think will be critical to preventing further chaos in his country, noting that Al-Kazemi, as prime minister, has already made good initiatives for demonstrators who opposed Iranian influence and groups loyal to Tehran, which considered the demonstrations. "An American conspiracy," according to the report.
"Within days of taking office, he ordered the raid on a small militia that killed a demonstrator in the southern city of Basra, in a move seen as a sign of his intention to curtail the more powerful factions linked to Iran," she added.
And "days later, in a clear step to reassure these Iranian-backed paramilitary groups, he visited their headquarters and praised their role in the war against ISIS," according to the newspaper's vision.
The newspaper quotes Ghaleb Al-Shabandar, an Iraqi political analyst who knows Al-Kazemi since he was a teenager, saying: “He (Al-Kazemi) makes friends, even with his enemies.”
And she added that Al-Kazemi's supporters hope that he can maintain the fragile balance in order to put Iraq on a better track, after the country emerged from the war against ISIS and is currently struggling with the pressure of low oil prices.
The "Wall Street Journal" noted that the challenges facing Al-Kazemi are enormous, despite the decline in popular protests that forced his predecessor to resign, but the public anger is greater than ever.
Meanwhile, ISIS has intensified its attacks against Iraqi security forces, seeking to take advantage of the security challenges arising from the Corona virus and cracks in the partnership between Washington and Baghdad.
The newspaper says that US officials worked closely with Al-Kazemi as head of the intelligence agency during the war against ISIS, and his rise represented an opportunity to mend the relations that had faded under former Prime Minister Adel Abdul-Mahdi.
It quoted Assistant Secretary of State for Near Eastern Affairs David Schenker as saying that Al-Kazemi had done a "good job" as chief of intelligence, while welcoming in partnership with him.
The two countries are scheduled to hold a strategic dialogue in June to define the terms of their future relationship, as Washington looks to scale back its commitments without enabling ISIS to reappear.
It also considers Al-Kazemi a partner who is ready to prevent Iraq from being more drawn into Tehran's bosom.
"There is some hope and optimism that we have a partner who works first and foremost for Iraq," a Western diplomat told the newspaper. link
Courtesy of Dinar Guru https://www.dinarguru.com/
Pimpy ...Is Trump hinting at when the rate change will happen? ...this next week for us I think is going to be really big. People keep asking me do you think Trump is going to pull the trigger on a rate change before the election. Well yeah, that would make sense to me. With everything that's going on, if you wanted to become a "shoe in", If Trump wanted to win in a landslide he would pull the trigger on the rate change. Will he? Let's hear what trump has to say, "...I can tell you the third and fourth quarter in particular are going to be I think spectacular." Gee, really? Why is that Trump? ...What would be the reason for him to think that? We're not even out of quarantine fully yet...he's got resistance from the democrats. The liberals are keeping their states and cities on lock-down...What makes him think there's going to be a huge recovery? He knows something that the rest of the people don't know. Or does he? Or do we know what Trump knows? [Post 1 of 3
Pimpy ...If you were Trump and this quarantine just killed the best economy in recorded history...and you need to kick-start your country - You need to kick-start this economy? ...Let me add in something...In order for us to have a booming economy again that means other countries have to be kicking butt too. What kind of move can Trump make that wouldn't just kick-start the economy here in the United States, [but] kick-start economies around the world? How many dinar holders do you think are worldwide? How many Vietnam dong holders are worldwide? Do you see where I'm going with this? ...If you're in this situation that we're in right now around the world...you're gonna have to throw logic out the door. You're gonna have to make a move. And what is that move? ...Reset the currencies at the proper value. Reinstate Iraq's currency rate. That's what I would do if I was Trump. [Post 2 of 3
Pimpy Trump has a lot more information and a ton of advisers that know a million things more than we all do but the point being if we're just generally speaking the whole world's economy needs a kick-start. In order for us to really have a booming economy here in the United States we're going to have to rely on other countries as well to help us do that. We need to manufacture things and export them. We also need to import goods as well. So that means everyone has to start off at a level playing field. How do you make that happen? Change the rate. Why is the third quarter going to be slow? Because as the rate changes and we're doing our exchanging the economy is only starting to rebound. The true numbers will pop out in the fourth quarter as more and more people go out and shop and buy and do what they need to do...I'm with you Trump and we all agree with you. We know a way that can make sure that the third and fourth quarters as well as next year are booming. Change the rate... [Post 3 of 3]
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