Showing posts with label #MNTGoat #IraqiDinar #CBI #ParallelMarket #IQD #CurrencyReform #IraqEconomy #RVUpdate #ExchangeRate #MonetaryPolicy #FinancialNews #MiddleEast #ForexInvesting. Show all posts
Showing posts with label #MNTGoat #IraqiDinar #CBI #ParallelMarket #IQD #CurrencyReform #IraqEconomy #RVUpdate #ExchangeRate #MonetaryPolicy #FinancialNews #MiddleEast #ForexInvesting. Show all posts
Thursday, February 12, 2026
THE GENERAL BUDGET LAW: CAN IT BE ISSUED IN THE EVENT OF A CONSTITUTIONAL VACUUM?
THE GENERAL BUDGET LAW: CAN IT BE ISSUED IN THE EVENT OF A CONSTITUTIONAL VACUUM?
A financial advisor confirmed that the 2026 budget law can be issued in the event of any constitutional vacuum, after consulting the opinion of the Supreme Federal Court.
The Prime Minister’s financial advisor, Mazhar Muhammad Salih, explained on Thursday that government spending will continue according to the (1/12) rule until the 2026 budget is approved, while noting that the monthly salaries of employees, retirees and welfare amount to 8 trillion dinars.
(Mnt Goat: how do they get into this situation each year after the election? It is because they do not follow the constitutional deadlines to move the election process along. What caused the delay this time was not the Kurds as it was the proposed nomination of Nori al-Maliki.)
Continuation of fiscal policy
Saleh said : “The fiscal policy has been carrying out its duties since the second month of this year 2026 in accordance with the provisions of the amended Federal Financial Management Law No. (6) of 2019, by spending at a rate of (1/12) of the actual current public expenditures for the year 2025.”
He explained that “public finances benefit from the provisions of paragraph (29) of the aforementioned law, which allows the financial authority to adopt temporary financing mechanisms and liquidity management in the event that spending cannot be carried out according to the legally legislated regular budget.”
He added that “the aforementioned provisions confirm the principle of temporary financing in the event of a delay in the approval of the budget law or a temporary shortage of liquidity necessary for spending. This allows the Ministry of Finance to take transitional financial measures that ensure the continued disbursement of priority expenditures without delay. Foremost among these are salaries, wages, pensions and social welfare allocations, which are estimated at about eight trillion dinars per month.”
The possibility of issuing the general budget law
Regarding the possibility of legislating the budget law in the event of a failure to elect a president, Saleh explained that “this is a rare occurrence, but it may impose itself due to the necessities of the supreme national interest, especially since the House of Representatives is the constitutional body competent to legislate the budget law. In this context, the possibility of issuing the 2026 budget law can be considered after consulting the opinion of the Supreme Federal Court, as it is a constitutional court specializing in resolving the problems of parliamentary sessions, especially in cases of the complete absence of the president.”
He also pointed out that “the President of the Republic, Abdul Latif Jamal Rashid, and the Prime Minister, Mohammed Shia Al-Sudani, are still in a position of legal responsibility at the moment, which allows, in principle, the request to prepare a draft of the federal general budget law and submit it to the House of Representatives to begin the legislative process, if the elected legislative authority wishes to do so.”
MNT GOAT: Financial Crisis or Reform Strategy? Who Controls the Dollar Rate in Iraq?
🚨 MNT GOAT UPDATE: Financial Crisis or Strategic Reform?
MNT GOAT
In the article titled “ACKNOWLEDGING THE FINANCIAL CRISIS, MP SAYS CHANGING THE DOLLAR EXCHANGE RATE IS WITHIN THE PURVIEW OF THE NEXT GOVERNMENT”.
Just so you know this article is NOT about an RV like we would like to see. It is about combating the parallel market so the dinar can rise against the dollar. It might lead to the RV but first things first…… 
Former MP Baqir al-Saadi acknowledged on Monday (February 9, 2026) the existence of a financial crisis in Iraq, while indicating that changing (killing) the exchange rate of the dollar in the parallel market will be within the powers of the next government. Oh…. but isn’t the CBI already doing this? I would certainly not call it a “financial crisis” as the CBI has told us many times their strategy is working, just let it take time.
He added that “the past few weeks have seen many opinions put forward to address the salary crisis, including moving the exchange rate upwards, but such a step can only be taken by the next government,” noting that “the new government will form a high economic committee to study the financial and economic situation in the country and develop objective solutions.”
Al-Saadi explained that “Nouri al-Maliki, as the candidate of the Coordination Framework, placed this file among his priorities, and therefore, as soon as the government is formed, there will be important decisions to correct the course of the economic and financial dimensions.”
I will add to this article a note about who stopped the reinstatement of the Iraqi dinar back in 2012-2013. It was Nori al-Maliki the prime minister at the time. He has no financial or economic expertise and as much as he says his policies will help Iraq, if elected, nothing will happen, I assure you. He already has eight years to prove it. I also want to note that the CBI has taken the lead on controlling the parallel market as we can see from today’s news from the recent measures it has taken. There is nothing al-Maliki can do or will do that that CBI is already doing. Why didn’t he help control it in his first eight years? Oh…. but he was too worried about sectarianism and going after the Kurds. The last thing that Iraq needs to see is some bozo like al-Maliki who knows very little, if anything, about running a country, come into power again. Yes, they say he is a great statesman but what good is he if he accomplishes nothing while in office? Yes, nothing but a good bullshitter.
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We pray-
A nice prayer from one of my blog followers. Thank You!
“Be still, wait on the Lord, my modern David will slay the so-called giant of Islam. It will fall they are already begging for mercy, but it will not come as they have sinned so greatly with their blasphemy, disregarded all warnings for the Lord and now HIS WRATH WILL CONSUME ALL WHO CURSE THE CHOSEN!!
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Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
Just the FACTS!
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