LATEST FROM CLARE, 4 JULY

 Clare  

Article:  "World Bank: Iraq maintains its status within the upper middle-income category"  Quote: "The bank added that it classifies the world's economies into four income groups: low-income countries, lower-middle-income countries, upper-middle-income countries, and high-income countries, based on per capita gross national income. The measures of gross national income are expressed in US dollars."

Clare  

Question: "Iraq is supposed to join the WTO this 18th of July, is that correct?"  

IT WAS REPORTED ON IRAQI TV...THAT IRAQ WILL BE FULL MEMBERS  OF THE WTO JULY 18TH.

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 Clare  

Article: "Dinar Explainer 1: Why Iraq has Two Exchange Rates" 

Quote:  "On a recent webinar organized by the Iraq Britain Business Council (IBBC), Professor Frank Gunter of Lehigh University explained the causes and effects of Iraq's dual exchange rate..."

 1.  Excessive Demand for US Dollars Internationally:...  2. Internal Demand for Dollars...  3. De-Dollarization Efforts by the New York Fed:  The New York Federal Reserve has restricted dollar transfers to reduce dollar flows to Iran and Syria. They have also excluded over two dozen Iraqi banks from transactions, which has increased the complexity and demand for dollars in Iraq.

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Clare  

Article:   "The President of the Republic approves a number of laws, including the 2024 budget schedules"  

Quote:  “The President of the Republic, Abdul Latif Jamal Rashid, ratified a number of draft laws, which are the schedules of the Federal General Budget Law for the year 2024...The laws were sent after their approval by the President of the Republic for publication in the Iraqi newspaper Al-Waqae' to enter into force."

 Article:  "Parliamentary law challenges the '2024 budget tables' and the federal government is waiting for an answer within 15 days”

  Quote: "the appeal was submitted “on the pretext that the numbers mentioned in the budget items will change, and thus this is considered a change to the law and requires the implementation of a new law with a first and Second reading, and final approval.”

https://dinarevaluation.blogspot.com/2024/06/analysis-of-iraq-news-by-clare-28-june.html