Militia Man (Uncut) 02-20-2025

MM&C-Iraq Dinar News-Budget Law-Oil Flow-Salaries Secured-Implementation Reforms-Integration Global

Hey everyone before I get started I just want to remind you that if you like my content hit that like button subscribe to my channel and then join the militiamen and crew patreon community by clicking the link in the caption Hey, good evening everyone militiamen and crew here on the 19th, and we’re just going to get started with some Brief updates because there’s just a lot there’s just a lot of information But I’m going to just do primarily some highlights of what’s out there What’s in patreon.com forward slash militiamen and crew and then our we have that discord chat room for everybody and all those New folks. Thank you for coming in and I appreciate the very kind comments. It’s great Okay tonight.

It’s the article that says that he explained Which is the president of the Republic of Iraq signed the amendment of the budget law And all that remained was its publication in the Gazette to become effective. Okay effective was a key key point This was a couple. This is a day or two ago.

But anyway, just a reminder because I don’t think I covered it but Based on what was approved by the Council of Representatives based on the provisions clause first article number 61 And it goes on says the text paragraph C of clause Of the second of article 12 of the federal general budget law of the Republic of the fiscal years 23 and 24 25 Okay, so we know that’s approved. I know that we are all expecting the possibility of an exchange rate change say before that got published But we also said that it could be at the same time or thereafter shortly. Okay, that’s what we’ve said and I Hope everybody heard me say that in the past.

But anyway, here’s the next article is called oil of the region So we’ll back up a little bit so that that was done and it’s to be effective So on that specific date, it’s effective so now we try to look and see what happens with the results what results come from that and Those are somewhat unknown. But however, there’s implications that come from what’s in print It says oil of the region. This is the road to resuming export and its next stages New hopes on the path of economic recovery It says this is an economic step that will revive the economy of the region in Iraq in general And it was dependent on in Baghdad in Ankara as the region has long been ready to export oil without any obstacles it says we’re president of the Republic signed this amendment of the budget law and it says that there’s no obstacles of Resumption of exports so we haven’t seen an exchange rate change We haven’t seen the oil pump and we haven’t seen salaries, but we’re going to talk about all of that It is expected within a week or at the end of the month.

They’d say technical arrangements will be completed and export will become possible there’s a little bit more to that but It goes on it says well with the beginning of the 2025 Year developments came on the amendment of that article 12 Budget law which opened the way for the resumption of the oil exports from the Kurdistan region It says this isn’t this is an important solution to legal problems that were hindering oil exports Exports provide and it provides the region with an opportunity to boost its economic revenues by exporting oil to global markets Especially the European market. So basically that’s been set up there. They’re got it ready to go So that’s a good sign.

It looks like It’s a powerful time frame still So as a member of parliamentary finance salaries are secured and even in the most difficult circumstances now They’re talking about oil, but now they’re talking about salaries It says salaries are fully secured and there’s nothing new regarding the 2025 budget schedules at the present time and it says What is beginning to spread in some media outlets and social media out sites about the government’s inability to Secure salaries is only intended to confuse the street So basically they’re discounting it saying it’s not true And that’s that’s really kind of important because you got to go with the official sources So here’s a little bit of a recap This this was out on the 16th, and it was the new vision of The Middle East Nesha von Barzani leads global discussions in Munich and yes, of course It’s a couple days ago but the bottom line is Barzani constituted a strategic opportunity for Iraq and the Kurdistan region to anticipate the rapid regional and international transformation he goes on and says the choice of the Munich conference was not a coincidence, but rather it’s timing and Place chosen to launch these messages had a great strategic Implications it says in closed-door meetings So there was no but no nobody public out there So in closed doors meetings attended by more than 60 heads of state So it’s kind of a packed house and the government in more than a hundred ministers. So that is a definitely a packed house the event was used to exchange views on a range of issues ranging from economic political and defense relations giving Barzani the opportunity to emphasize The importance of the region’s role in confronting global security challenges So they had meetings behind closed doors Therefore there could be things that may or not be public for us just yet But we’re going to find that there’s some results that are coming from that the next article is basically efforts to bring peace to Turkey on the table of Talabani and the US Consul It says Talabani received in herbal and this was Yesterday u.s. Council general in the Kurdistan region Stephen Bittner and discussed with him files of common interest It says in another aspect of the meeting the two parties discussed the issue of resuming the oil export From the Kurdistan region and amending that federal budget law That the meetings between the region and the center implement the budget law are going well So they had meetings even as of yesterday we’re going well And so that was on the backdrop of the closed-door meetings That we haven’t really all heard about but it says that they’re going well and It says an Iraqi delegation arrived in the region to discuss the issue of resuming the export of oil from the region considering Delegations meetings are going positively and we are waiting for good results Okay, but basically there’s probably some pearls of information that’s coming from from all of this It says here. This is interesting because it’s kind of a tie-in because remember Iran and Iraq are trading partners That Iran I think is the largest trading partner.

It says Iraq Iranian agreement to tighten control over borders ports Electronically it says the agreement referred to do to Refer to determining the locations of the new gates for the border crossings between the two countries through communication between specialized engineering cadres through official liaison points you have to ask yourself why now Trading partners. I think it’s pretty key Timing is is pretty powerful Something happens in Iraq and that things change those two countries are going to need to have have To be on the same page. Okay, especially when it comes to trade.

So if you guys remember It’s been a while. It’s been some time that we’ve been paying attention to this but Ernst and Young Oliver Wyman k2 integrity many different companies have been working in Iraq and I did a little bit of a study and this is like Five pages long and I’m not going to get into it because it’s in patreon You guys can come in and read it and I support my work That’s what we do when we come in. We try to put out an article, but if we have data to back it up That’s why I have you guys all know that I go back into history sometimes and say look This is subsequently what’s been happening and that’s what’s still happening and coming to an end.

This is how I see it, but This article restructuring Iraqi banks. It says and this comes from Muhammad Salih He says he confirms on Wednesday and he goes on and says the that the government authority Monetary authority are working on a comprehensive reform of the national banking system with the aim of enhancing its stability and protecting it from the repercussions of stumbling block in integration with the global financial system, so he’s talking about protecting the circumstances and getting it done and with it in regard to no stumbling blocks and Integration with the global financial system and that part there is well, it’s they have been enhancing the banking system They have been doing protections And they have been doing those protections for potential stumbling blocks To have integration into the global financial system So there’s about five pages and I give the support they date back to from 11 December 24 September 26 24 They go back to September 1st 2024 and they also go back just this brief Thursday 25th July 2024 and I believe there might be more but ultimately what are they talking about? And there was it was a draft presented by the auditing company and organizing restructuring the raffidane or Rashid Bank In addition to discussing the proposed plan and inflammation stages stages determining the frameworks The frameworks of the contracts and formulated it in line with priorities of reform and development And it says the auditing company’s expertise will also contribute to improving the efficiency and effectiveness of financial institutions That will approve improve the quality of the banking services provided enhance investors confidence So if you go far back in time, it gives you evidence that Ernst & Young has been doing this and this little bit of article From Soleil today. I have to say you might want to read it more than once just because He he doesn’t quite he gets to the point But I think the bottom line is is that we’re not waiting for them to do that.

They’ve been working on it There was a contract with Wyman, I think for eight months in early 2024 and it was supposed to be done. So we’re about three months behind schedule, but hey, they’re talking about Implementation tonight And implementation is is what for salaries implementation of oil. It’s it’s about Salaries oil etc.

This last not last article, but this article It’s called policy mistakes imposed a victim and executioner equation bank sanctions on the Impact on citizens. It just basically says there’s a potential outcome of these sanctions the strengthening of the black market for the dinar Dollar sorry, this article is is somewhat misleading, but we’ll get to the end. But this is a part that It says another potential outcome of these sanctions is the strengthening of the black market for the dollar I don’t think that’s going to happen.

But as affected as the as affected traders and banks will try to find unofficial alternatives to obtain hard currency This will lead to further for fluctuations in the exchange rate and widen the gap between the official and parallel markets Complicating the efforts of the Central Bank of Iraq to achieve monastery stability Okay, so basically that’s just part of this article is basically talking about There’s a bad which is the parallel market, but then at the end of the day about three pages in You’ll find that at the end of the day. What are they talking? It says amid these challenges the importance of urgent government action. So we have a government urgent government action on the Government of Iraq emerges to reassure so they have to reassure the US Treasury and ensure the banking sector banking sectors commitment to international standards To in order to avoid economic shock that could have a profound impact on the Iraqi financial landscape I think the financial landscape that’s going to have a major shock is that it’s the parallel market So those that don’t play by the rules That aren’t on the systems that they have in place now Are probably going to be shocked.

Well, they shouldn’t be because they’ve been warned for a long time, but the bottom line is Everybody that’s dealing outside the real new system if they’re not hooked up, they’re gonna have a shock and Hey, you’ve been warned. Okay, so this this article here is from al sudani There’s a meeting to follow up on implementation There’s this word implementation now, so it’s a it’s a mode that they’re in it says Al sudani chairs meeting to follow up on the implementation of a memorandum of understanding with Britain It says reviewing the work paths for the memorandum of understanding that were concluded during the visit and ways to proceed with their implementation the ministries are to follow up closely and sectorally according to their jurisdictions to proceed with Implementing the memorandum of understanding and the resulting agreements and field executive steps So basically this looks like to be a time situation With the ministries and they’re basically talking about implementation. I think that’s the mode that they’re in and Al sudani has given direction for those Sectoral and Ministries to pay attention and follow through so that’s Finally getting down to the wire.

This article here is about the Kurdistan Council of Ministers condemns Kirkuk in in an incident and supports Implementation of article 12 of the budgets. We’ve already talked about that which they’ve already done. So it says here’s a directing It’s given direction it directed the implementation Implementation of the agreement signed with the UAE in addition to renewing its support for Implementation of article 12.

So we know that that art that article 12 is effective and now they’re talking about implementation of that article 12 of the budget law and The resumption of oil as soon as possible. And what are they all they told us they’re going to be talking about that here In a second, I believe but they said before the end of the month. There’s one way of saying it It says the council reviewed the results of the joint meeting held in herbal yesterday between the Ministry of Natural Resources in the region federal ministry of oil Which addressed the mechanisms necessary to implement the to implement there’s that word again the federal budget law for the year 2025 Especially the resumption of the region’s oil exports So and there says the Council of Ministers all renewed their supportive position for the implementation of article 12 the budget law and to do what the resumption of oil exports as soon as possible and Then they go on it says and accordingly It says the Ministry of Natural Resources has been tasked with following up on those Coordination with the federal ministry of oil to establish clear executive mechanisms for resuming the oil exports especially Since the legal aspect has been resolved and there’s no longer any obstacles to implementing the law and last but not least There’s out a lot from the central bank shows up where it says there’s well We’re going to show up.

There’s an expected visit of the central bank of governor to Sulaymaniyah It says that the visit is important and an excellent step that came based on the desire of the people of Sulaymaniyah And the Kurdistan region he this gentleman goes on and explains his answer to a question about opening branches the raffa day And rat Rashid banks, we talked about the restructuring of banks early on we gave I have the evidence that that’s already been an ongoing Situation, but he says if it happens, it’s considered an important step to ensure the disbursement of employees salaries oil salaries, okay, and Considered an important step to ensure the disbursement of employees salaries according to what was stipulated in the federal courts order and their decision and also an important step for other financial transactions other financial Transactions to me means international transactions and those are what the people of the region want It says this step will contribute to enhancing financial stability in the region and meeting the needs of the citizens in the field of financial services he also stressed that the importance of enhancing cooperation between the central bank of Iraq and the Kurdistan region Government to achieve these goals so ultimately a lock to go to Sulaymaniyah to talk about opening branches of Rafi Dane and Rashid banks to pay salaries and other financial transactions to me this sounds like they’re further along in the restructuring of these two banks That may need to do International transactions through what through international banking and that’s exactly what the restructuring would probably be for so Anyway, I’ll don’t forget if you like my content Hit that like button subscribe and wow once again. I appreciate you guys helping us keep these cogs moving And by the way, you can find us how to do that in Details below so thank you very much and have a good night Once again guys, don’t forget to hit that like button If you like this content subscribe to the channel or join us at the militia man and crew patreon community for even more exclusive content You can also donate to this channel by hitting the links in the banner to help keep this page up and running Your generous support is greatly appreciated as always much much appreciated. Thank you so much and have a great day