Wednesday, March 27, 2024
The Iraqi government raises the size of the 2024 budget, and Parliament is “surprised” , 28 MARCH
The Iraqi government raises the size of the 2024 budget, and Parliament is “surprised”
3/27/2024
The Parliamentary Finance Committee said on Wednesday that the Iraqi government had increased the size of the 2024 budget, noting that it was “surprised” by the decision.
Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, explained to Shafaq News Agency, “The Parliamentary Finance Committee hosted the Minister of Planning to discuss amendments, projects, and the reasons for the delay in sending the general budget law to the House of Representatives.”
He added, "We in the Parliamentary Finance Committee were surprised that the government raised the total amount of the budget law from 199 trillion dinars to 228 trillion dinars in the 2024 budget, " explaining that "this increase is large, while what was spent in 2023 amounted to 142 trillion dinars."
He pointed out that "the members of the Finance Committee had an opinion regarding the hosting that the budget should be realistic and not just planning."
Al-Kadhimi pointed out that “raising the total amount in the budget law caused an increase in the deficit rate,” noting that “the budget is currently still in the corridors of the Council of Ministers and is expected to be sent to the House of Representatives next month.” LINK
"RV UPDATE" BY WAKINGSTICK, 28 MARCH
Walkingstick
The citizens of Iraq are not exchanging for the float. They're exchanging for purchasing power. That's all the Iraqi citizens get. They only get purchasing power of their currency which is everything to them.
"ABOUT THE STATEMENTS RELEASED BY GOI RELATED THE IQD" BY WALKINGSTICK, 17 MARCH
Walkingstick
There were a few statements released by the GOI officials regarding their currency. The coming value at the onset of the release was revealed. That value was disclosed at/in negotiations...
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[Iraqi bank friend Aki Update]
They had a zoom meeting. It was with the CBI, all other banks and US Treasury, IMF, everybody, they were all in this zoom meeting.
They told him a lot but the only important thing...was I was told once again, 'We need you to be back at the bank because at anytime you are going to be very busy.' Aki is just like you and I, sitting there waiting...
[Iraqi Bank Friend called #1 Update - He owns 7 banks, 2 in Jordan]
About two weeks ago we told you IOO the banks of Iraq were going to be receiving sample sheets/specimens .
They were very very precise pictures of the lower notes. It turns out #1 has them. ..They started to practice and use them but they needed more help so they requested.
You will see this request on the CBI website probably within this week where they are requesting help with the security features in the small notes that they are practicing counting, sorting and training right now ..
.The new software will be with them and the banks within this week.
https://dinarevaluation.blogspot.com/2024/03/iraqi-bank-friend-bank-story-by.html
[Iraqi Bank Friend called #1 Update - He owns 7 banks, 2 in Jordan]
About two weeks ago we told you IOO the banks of Iraq were going to be receiving sample sheets/specimens.
They were very very precise pictures of the lower notes. It turns out #1 has them. ..They started to practice and use them but they needed more help so they requested.
You will see this request on the CBI website probably within this week where they are requesting help with the security features in the small notes that they are practicing counting, sorting and training right now..
.The new software will be with them and the banks within this week.
https://dinarevaluation.blogspot.com/2024/03/iraqi-bank-friend-bank-story-by.html
Parliamentary Finance: The 2024 budget reached 228 trillion dinars, 28 MARCH
Parliamentary Finance: The 2024 budget reached 228 trillion dinars
The Chairman of the Finance Committee in the House of Representatives, Atwan Al-Atwani, announced today, Wednesday (March 27, 2024), the size of the 2024 budget, while noting that it amounted to 228 trillion dinars.
Al-Atwani said in a statement received by "Baghdad Today", "The 2024 budget amounted to 228 trillion dinars."
On (March 18, 2024), Prime Minister Muhammad Shiaa Al-Sudani chaired a special meeting to discuss the schedules of the federal general budget for the year 2024 .
Al-Sudani’s media office said in a statement received by “Baghdad Today” that “Al-Sudani chaired a meeting devoted to discussing the schedules of the federal general budget for the year 2024, and presenting priorities in the sections of spending and supporting service, economic and social projects, and strategic projects, within the course of the three-year budget (2023, 2024). , 2025 link
BRUCE'S BIG CALL, 27 MARCH
Bruce’s Big Call Dinar Intel Tuesday Night 3-26-24 REPLAY LINK Intel Begins 1:05:25
Welcome, everybody to the big call tonight. It is Tuesday March 26th and you're listening to the big call. I had to think about that. Get that date right. Thanks for coming in and listening tonight - Tuning in everywhere all over the globe. And I know last week, Tuesday for example we had 18.4 million listeners - that was international listeners. Thanks for listening again - maybe we'll top that tonight - maybe we won't. The point is you're here - we're looking forward to getting the information out to you.
We're gonna have a great call tonight. I'm excited about the intel segment, excited to hear what Sue has to say and what Bob has to bring tonight, but before we get too deeply into the call. Let's go ahead and pray it in as we do on every call.
As we move into Intel tonight - I think we're going to be pleasantly surprised by what should be happening this Easter week. You know, this week, Holy Week, really, from last Sunday to this Sunday for most believers, that's when we celebrate. So here's what we're hearing.
First of all, you know, the St. Germain trust is opening on Easter Sunday and that will go to all kinds of global efforts. That is primarily going to be supporting GESARA globally. But that's a good thing - that's happening.
Let's track back to see where we have come from in the last few months and where we are now. Remember the - what we used to call “super whales”. These are really large bondholders that actually finished everything they needed to do about three months ago, but they don't have access to their funds yet until we go.
So they're sort of in limbo, waiting for that “go ahead” that we're looking for. So that portion is done. And then we went into what we call the whales. These are tier three bond holders that are also quite large bondholders, they finished up last Friday.
So they finish those guys up and they also are waiting for a “go” from their paymasters in the form of email which should be coming out pretty soon, and they will have access to their funds.
And then there's the regular bondholders - those guys and women are looking to get started - Basically, they are going to be finished up tomorrow afternoon, and the paymasters of the bondholders that we've talked to you today – Said they were doubling up on the emails to go out to those bondholders, some of which we know personally - and that's going to happen for them so that they can finish approximately between three and four o'clock Eastern tomorrow.
That should be complete. And then we who are tier 4 A&B – the Internet Group. Admiral’s groups, Admiral’s groups plural. And we are the internet group tier 4 B, we are to be notified on the heels of the regular bondholders being completed.
So it looks like that should be for us between let's call it around 3:30 / 4 PM tomorrow, all the way to Thursday morning - this week for notifications that we would get the emails that would contain the toll free number.
That's what we're looking to have happen for us. I'm gonna say from tomorrow, mid to late afternoon, all the way to Thursday morning.
And what's really cool about this is we would set our appointments and we would start exchanges on Charlie Ward's Thursday, I call it that because Charlie's always said it was gonna happen on Thursday. we just don't know which one.
So we're just having fun with that. But Thursday is looking very good for us - and what I hope happens is that we do get the emails - we do get started this week before Good Friday
I don't know what they're gonna do about Easter Sunday. Nobody could tell me whether we're going to redemption centers open on Sunday, or not, but I know we should be starting Thursday, we should be going through Friday, should be going through Saturday, and we'll see what they do about Easter Sunday.
Certainly it will be proceed through them whether they go Sunday or not. Certainly they'll continue on through Monday, Tuesday, Wednesday and so on.
So the idea is that we do get started this week before the end of the month and that's a very positive thing. I'm looking forward to this going immediately and I'm looking forward to getting notified tomorrow afternoon, quite possibly setting appointments, or if we don't get them tomorrow -we should get them in the morning on Thursday. Okay, so that is really good news.
I am trying to think if there's anything else that's pertinent to our start. I just think that we've all waited a long time for this. It's taking a lot of faith to stand to stay in there and believe for this to come through for us. It looks like we're fighting over faith and we're going to be rewarded this week.
The Deep State tried to thwart this by having a Chinese cargo barge run into the Francis Scott Key Ridge at 130 in the morning, this morning, which is over near I guess the harbor of Baltimore. And so for those that live in that area that did take out that bridge. So sorry about that, but they didn't get away with it. They're gonna be caught for that and I'm sure they already are And now it's a matter of just the US doing the right thing to repair that and get that fixed
We're so far along on this that whatever the deep state tries to do, will not prevail against it. And we're looking forward to going - going ahead with everything that we've got. I don't have any updated political news. I think that some things would be happening here very soon about political change. can't wait for that to happen. There we go. So I think we just need to get this done and hang in there -
I think I told you guys the first week of April, we're expecting the R & R to kick in restitution reclamation allowance. That'll be big and lump sum for Seniors 62 and older especially those social security, And then we're also looking forward to increase social security In April. A nice increase when we get that we don't really need it that much if we have currencies but it's good to know that it's there.
I imagine there’s a few other things that I'm not remembering to bring out right now but the main thing is we get this
Remember, you do want to get a master trust put together with an attorney or through Wells Fargo's attorneys try to set that up for yourself - Within 10 days of the exchange starting that'll be really good.
I want everybody to enjoy this celebration of resurrection day, The celebration that goes along with Easter. and remember, this is a great time of year - I’m seeing a lot of things happening in April. Don't be set too far apart by everything that's going to be happening.
We think that USN is going to actually be out around the 15th of April. So we'll see what else will happen then - I hope NESARA is brought out between now and then it'll tell us everything that's going to change as far as our taxation and the end of income taxes that we've been paying all of that supposed to be out too.
So a lot of stuff getting ready to happen. but let's do this. I think that's everything you guys need to know – brand new rates are coming out that we're going to hear about - you won’t hear them – We’ll hear about them on Dong and Dinar around three in the afternoon tomorrow – supposed to hear that that sort of a couple of our bond paymasters, we'll get that information out of Reno. And other than that, we're just moving on. We're gonna have a really good celebration Sunday, but I think we look forward to everything going the way that we know it should .
And I just think we've got a lot of people to thank for listening to the big call and you guys know who they are on big call universe - our satellite team - who is getting the call out to so many listeners thank you guys for doing that. And thank you everybody that is behind the scenes, in terms of intel providers and so on in t he big call and so on. Thank you Sue and Bob don't forget that of course. GCK and Larry of course and just everybody who's connected to the big call – Jeannie – Pastor Scott Thank you for your steadfast participation of giving us information on Tuesday and Thursday nights.
And I just think we're just looking forward to this going so much. I know we all are. I think that's what we want to talk about tonight. I'm excited about this week guys - We need this to happen we’ve prayed for it to happen. Now let’s go ahead and pray the call out.
Coffee with MarkZ. 03/27/2024
Hussein and Blinken discuss the Sudanese visit to Washington and five important files, 27 MARCH
Hussein and Blinken discuss the Sudanese visit to Washington and five important files
Secretary of State Fouad Hussein, with his US counterpart Anthony Blinken in Washington, discussed the arrangements for the prime minister’s visit to Washington to meet with US President Joe Biden next April.
“We discussed the arrangements for the meeting of the Supreme Coordinating Committee (HCC) and the other committees emanating from the Strategic Framework Agreement and addressed the work of the United Nations Assistance Mission for Iraq (UNAMI) and its vital role in vital files,” Hussein said in a joint statement with Blinken.
He pointed to the discussion of “addressing the issue of the oil export pipeline through Turkey and the importance of implementing the Sinjar agreement to normalize the situation in the city,” stressing “the importance of continuing the work of the Supreme Military Committee (HMC).”
Hussein also stressed “the importance of joint efforts to fight ISIS and build the capacity of Iraqi forces.”
“We look forward to Prime Minister Mohamed Shiaa’s visit to Washington,” Blinkin said.
“Iraq is an important and critical partner for the stability of the region,” Blinken stressed.
https://alforatnews.iq/news/حسين-وبلينكن-يناقشان-زيارة-السوداني-الى-واشنطن-وخمسة-ملفات-مهمة
"RV UPDATE" BY PIMPY, 27 MARCH
Pimpy
People keep taking about the $3.22 rate. In their minds they keep thinking, 'Oh yeah, the $3.22 rate when Iraq had 25,000 notes. ' No. That's not the case. That exchange rate is when they had lower denominations, not these these hyper inflated currency...We're all hoping the exchange rate will change without deletion of the zeros. That's what we want. We'll see how that plays out...
People always say, Oh, you know, President Bush said the Iraqi dinar will pay for the war itself. No, what he said was Iraq would pay for the war itself, not the Iraqi dinar. They're talking about the oil. It wasn't even Bush that said that...
Signing an Iraqi-British agreement for joint cooperation in the stock market , 27 MARCH
Signing an Iraqi-British agreement for joint cooperation in the stock market
3/26/2024
The Securities Commission announced, on Tuesday, the signing of a joint cooperation agreement with the British Chartered Institute for Securities, which includes the exchange of information related to financial training programs, confirming that the agreement represents a qualitative shift in the work of brokers in the stock market.
Deputy Chairman of the Securities Commission, Nagham Hussein, told Shafaq News Agency, “Today, the Iraqi Securities Commission signed a cooperation agreement with the British Chartered Institute for Securities and Investment, which stipulates the establishment of a framework for cooperation and exchange of information related to financial training programs for securities markets and services to develop and maintain capabilities.” HR".
She added, "The articles of the agreement include the possibility of organizing training courses for Iraqi cadres to benefit from the experiences of financial markets in countries around the world, and developing the professional framework by imposing the qualifications of the Chartered Institute for Securities and Investment on local Iraqi institutes specialized in the field of securities."
For his part, Chairman of the Securities Commission, Faisal Al-Haims, told Shafak, “The agreement has been worked on by the Securities Commission for about a year. The signing of an agreement in cooperation between the Securities Commission and the British Royal Institute in licensing the capital markets is a highly professional certificate recognized in all countries of the world.”
He pointed out that "this agreement represents a qualitative shift in the work of brokers in the stock market in terms of stimulating the financial performance of companies and their ability to add new skills, not in the Iraqi stock market, but in other markets, both regional and global." LINK
"RV UPDATE" BY MARKZ, 27 MARCH
MarkZ
[via PDK] “Customers at the Central Bank of Iraq, which says many foreign trade transactions now go through its electronic platform” This tells me that some of the Iraqi sanctions may have been lifted as we speak. The key is when will we see the rate ? I don’t know what to expect yet on that front. There is a lot of positive chatter that it could be imminent. I might actually purchase some champagne.
We definitely have Iraqi representatives/Ministers inside the US right now. Some are in DC and there are a couple in New York - for UN reasons…which I think is interesting...I don’t expect Sudani to visit DC just yet. I believe his ministers are taking care of it. I believe Sudani would want to be in his own country for the revaluation...To me things are shaping up just as I expected they would at the end...Very positive stuff happening right now.
Preserving foreign reserves.. An Iraqi academic study answers the question “The stability of the Iraqi dinar against the dollar” , 27 MARCH
Preserving foreign reserves.. An Iraqi academic study answers the question “The stability of the Iraqi dinar against the dollar”
3/25/2024
At a time when the price of the dollar is still fluctuating between high and low, forcing the market to live in a state of some kind of confusion, because the hard currency constitutes an important tool in Iraqi trade, as it is a trade that depends on imports for most of the products in the local market, On Monday, a researcher whose master’s thesis was discussed at the College of Administration and Economics at Tikrit University put forward some possible solutions for controlling the price of the dollar, as his thesis came about the role of the central bank and the currency selling window, their role in stabilizing the dinar against the dollar, and the importance of maintaining foreign currency reserves. .
Researcher Ahmed Abdullah Akil told Shafaq News Agency, “The study aims to know and measure the extent of the impact of some of the central bank’s tools in achieving stability in the exchange rate of the Iraqi dinar against the US dollar during the period (2004 - 2022) in order to know the places of imbalance and negatives that hinder achieving Stability of the value of the local currency according to what is appropriate to the nature of the Iraqi economy, as the goal of maintaining the value of the local currency was the primary goal of the bank with the aim of maintaining the price level, which is essentially linked to the exchange rate of the local dinar against the US dollar.
He added, "The study variables were analyzed and measured according to the (Eviews 13) program, and it was found that there is a positive and significant relationship between some of the central bank's tools as independent variables and the official and parallel exchange rates as dependent variables in the short term, with some negative and positive correlations to some variables in the long term, as It was noted that some tools were ineffective in influencing the currency exchange rate, such as the legal reserve, the rediscount rate, and open market operations, but the effect of some of them was limited to inflation.
He pointed out that "while the effect of the interest rate and the window was positive on the value of the local currency as a result of its reduction in the nominal exchange rate, this indicates the ability of the central bank to influence the stability of the exchange rate of the local currency against the foreign currency, especially through the currency selling window throughout the study period, except for some In the last years of the study period, the nominal exchange rate rose again, and so did the parallel market, by decision of the monetary authority represented by the Central Bank, for the purpose of confronting public expenditures and confronting the repercussions of the global health crisis related to the Corona epidemic and the accompanying decline in oil prices, which is the main source of the dollar. America because of the rentier nature of the Iraqi economy.”
He continued: “It was also noted that the gap between the official exchange rate and its counterpart in the parallel market increased due to the increased demand for foreign currency, and the study presented a number of recommendations, the most important of which is continuing the operation of the window without excessive use of foreign reserves and diversifying the sources of obtaining foreign currency by pushing the wheel of development and activating the real sector.” Industry and agriculture, in order to achieve a reduction in imports, which reduces the depletion of the currency, in addition to tightening control measures to prevent the smuggling of foreign currency and actions that affect the supply of it, which contributes to the stability of the local currency exchange rate.”
He stressed that "continuing to operate the currency selling window without compromising on foreign reserves, and diversifying the sources of obtaining foreign currency so that the exchange rate does not remain hostage to oil prices as it is almost the only source of obtaining foreign currency."
He stated that "advancing the wheel of development in Iraq, activating the real sector, revitalizing industry and agriculture to reduce imports, relieving pressure on foreign dollar reserves, distancing the Central Bank from political pressures, granting it the necessary powers to deal with fluctuations in the economic situation, including exchange rate fluctuations, and tightening supervisory measures to prevent foreign currency smuggling." abroad so as not to affect the supply of foreign currency, and thus the value of the local currency.” LINK
"RV UPDATE" BY PAULETTE, 27 MARCH
Paulette
Comment: "Biden has nothing to do with this but the feet dragging in Iraq has become the constant..." The "Biden Regime" has everything to do with this...Just look at the currency sales numbers and you should see why the "Biden Regime" does not want change. You still have the Coalition Provisional Authority functioning in Iraq led by the US...We know from articles last fall that US Receivership is still in place and UN1483 status is unknown... Saleh recently even stated in an interview that even he did not know the status of 1483...not to mention the OFAC sanctions...Yes...the "Biden Regime" has everything to do with this...
While Iraq appears to be on the way to a full RI, I believe there will be an interim step very soon. If they make the move I anticipate the MCP will be quickly eliminated and they can proceed to a full RI. A RI is full Article 8 compliance and a return to the rate that reflects the True Value. In 2009, the MOP/MOF stated move to 1.14-1.17USD/IQD and monitor for inflation up to 3 years and then move the rate to reflect the True Value of 3.208USD/IQD. This was the plan of Dr S and it appears they are back on track following that plan."RV UPDATE" BY WALKINGSTICK, 9 MAY
Walkingstick The value of their currency is determined by the resources tapped and untapped. The futures of Iraq are astronomical. Yo...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...
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TEXAS SNAKE Texas Snake, [03/16/2024, 10:17:58 a. m.]: Texas Snake, please forgive me I know this is long, but I’ve been waiting for two ye...
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RayRen98 BANK STAFF RECEIVED "GET READY" MEMOS THIS MORNING, THEY'VE BEEN EXCITED ALL DAY! Nader From The Mid East Y...