" Is Iraq a member of the WTO?" BY FRANK26, 23 MAY

  Frank26 

 Is Iraq a member of the WTO?

 'Well, Frank you say they're a member of the WTO, they qualified for it.'  But do you see any official paper that tells you they're a member of the WTO. 'No.'

  Why not? Until you see the new exchange rate.   'But you don't have to have a high exchange rate to join the WTO.  Why do you say something like that?'

 Because commitments were made in contracts that were guaranteed by Sudani for all these people through the WTO investments for the economic reform of Iraq.

THE MOMENT THEY RELEASE THE NEW EXCHANGE RATE AND NEW LOWER NOTES...  THE FLOAT AUTOMATICALLY STARTS ON FOREX!  That's the float that's going to take it to the real effective exchange rate.

Iraqi Dinar | we're seeing some very exciting developments coming out of...

"AND PARLIAMENT IS STILL CONFUSED!!! BY FRANK26, 23 MAY

 KTFA

FRANK26:"AND PARLIAMENT IS STILL CONFUSED!!!..F26

The Iraqi Parliament receives the 2024 budget schedules

5/21/2024

The secretary of the House of Representatives, Safwan Bashir Al-Jarjari, received today, Tuesday, the budget schedules for the year 2024 from the federal government .

The Media Department of the House of Representatives said in a brief statement that Al-Jarjari referred these schedules to the Presidency of the House of Representatives.

The 2024 budget, according to what Prime Minister Muhammad Shiaa Al-Sudani announced last Sunday, amounts to 211 trillion dinars, and employee salaries for the year 2024 amount to 62 trillion dinars, while the 2023 budget amounted to 199 trillion dinars and employee salaries amounted to 59 trillion dinars.

According to Al-Sudani, the revenues of the 2024 budget are estimated at “144 trillion and 336 billion dinars, while expenditures amount to 210 trillion and 936 billion dinars, while the deficit is 63 trillion and 599 billion dinars.”

Al-Sudani said, “The governorates’ allocations to local government programs with an investment allocation amounted to 10.633 trillion dinars in 2023, and we financed 3.333 trillion dinars, based on fundamental requests from the governorates,” adding, “The remainder of the allocation is 7.333 trillion dinars in a trust account, at the disposal of the governorate governments.”

LINK

"RV UPDATE" BY MILITIAMAN, 23 MAY

 Militia Man 

 Iraq...increased their non-oil revenues by 6%.  That in itself is a massive amount.  Is it going to grow? 

 Of course it's going to grow.  They're just getting started.  It's going to be amazing.

  Article:   "The Central Bank begins the second phase of its banking reform strategy"  

 They've completed the first phase of reforms and now into the second phase. 

 Quote:  'It will inevitably bring stability and the recovery of the dinar.'  This is amazing...There's some things happening that obviously are beyond our pay grade that are almost available and ready to go.  This article...'...inevitably the exchange rate will be in recovery.' To me that means they're going to go back to that 'previous era'.  That would be a recovery.  Going from 1460 to 1310 or from 1310 to 1182, that's not 'recovery'...Second phase is that we're at that juncture.

Iraqi Dinar✅Finally It's Done Iraqi Dinar Fixed 4.56$ New Rate Today 202...

"RV UPDATE" BY CLARE, 23 MAY

 Clare 

 Article: "Notice on the Continuation of the National Emergency With Respect to the Stabilization of Iraq"  

Quote:  "The obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political, administrative, and economic institutions in Iraq continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States...I am continuing for 1 year the national emergency with respect to the stabilization of Iraq declared in Executive Order 13303."

Article:  "The Central Bank begins the second phase of its banking reform strategy" 

 Quote: "what will be achieved from the second phase of the banking reform strategy will be reflected in the stability of the exchange rate and the recovery of the Iraqi dinar inevitably"

"RV UPDATE" BY MARKZ, 22 MAY

 MarkZ 

  [via PDK] 

  I have been in touch with a number of contractors …projects that were moth-balled and stalled now suddenly have funding in place...2 contractors in Iraq...believe they will see their rate...(about $3.90)...this week for their projects...I find this very interesting...Where is the money coming from to start these massive projects. Their whole budget is about $162 Billion. 

But one contractor was told they are getting ready to start a $150 billion dollar project. Which means there is a lot more money moving than what we are seeing right now.

 Question:  What do you think the new rate for Iraq will be?  

 MarkZ:  I could be wrong but, I think the rate will start about $3.90 or so. But we are totally guessing.

We know that the budget has passed with $162 billion. It was $153 B last year...There is plenty in the news showing us it is passed…but I have yet to find where they are covering a budget shortfall with a rate...I was told to expect something within days of it being passed. 

 Comment:  Its interesting they are saying billions and not trillions for their budget totals.  They must have a rate hike? Right?

  MarkZ:  You are getting it. We are just trying to piece together “what is that rate?”