Dinarland Highlights: Central Bank Decisions & Market Shifts!

Oil And Gas Parliamentary: There Is A Major Failure In The Work Of The Internal Control Department At The Ministry Of Oil, 22 SEPT

 Oil And Gas Parliamentary: There Is A Major Failure In The Work Of The Internal Control Department At The Ministry Of Oil

Politics, Security and Economy   September 20, 2024  The Parliamentary Oil and Gas Committee identified a major failure and a number of observations regarding the work of the Director of the Internal Control Department at the Ministry of Oil.

The committee’s spokesman, Ali Shaddad, told Al-Mirbad that his committee hosted the director of the Internal Control Department at the Ministry of Oil, and after directing a number of questions to him, it became clear that there were many delays in the work of the department, and it had become one of the departments that repelled cadres specialized in internal control, despite the fact that they were cadres who had undergone important training and were linked to financial control.

However, there were 35 employees who left the Internal Control Department during the current director’s tenure, and it is not easy to dispense with them.

Shaddad added that a number of questions were put to the director regarding suspicions of corruption in some contracts that were flagged by the Federal Financial Supervision Bureau, in addition to the failure of the Director of Special Supervision to adhere to the directives of the Minister of Oil, so the work in the department began to decline despite the importance of its work.

Pointing out that the Parliamentary Oil Committee decided that this hosting would be open until the next session, which will be determined later by the Oil and Gas Committee. https://www.al-mirbad.com/detail/167165#hathalyoum

LATEST BY MILITIAMAN, 22 SEPT

 Militia Man 

 I looked today on the Ministry of Judiciary, their official gazette, and 4782 [The skipped issue that's potentially holding the budget] is not there.  Again, there's a reason for it it. Does it mean it's not done?  I don't know.  But it's not there...It doesn't mean it's not going to be.

  What we're seeing and witnessing is something we've never seen before and not at this level...Something's a foot and I think it's a powerful time frame for us to see something different with Iraq.

  Article Quote: "Alaq...points out the decline in the price of oil has nothing to do with the rise in the exchange rate because Iraq has reserves for foreign currencies which enables it to defend the exchange rate."  That's what central banks do my friends.  They defend the exchange rate.  That does not matter whether it's at 1310, which they've done, or if it's going to be at whatever the Real Effective Exchange Rate is going to be in the future.  They've worked this out.  This isn't something brand new.  They know what they're doing.  The drop the 3-zeros project is still...going to be applied.

IRAQ'S BOLD MOVE: DE DOLLARIZATION IN 2024

Government Confirms Its Adoption Of A "Constructive Economic Policy", 22 SEPT

 Government Confirms Its Adoption Of A "Constructive Economic Policy"

Time: 2024/09/20 Read: 1,820 times    {Politics: Al Furat News} Prime Minister Mohammed Shia Al-Sudani met today, Friday, with the head of the Victory Coalition, Haider Al-Abadi, where the meeting witnessed discussions on a number of issues and files related to the work of the legislative and executive authorities.  The two sides reviewed "ways to enhance cooperation and accelerate the basic requirements for implementing the government program in various fields."

During the meeting, Al-Sudani stressed that the government is adopting a constructive economic policy, improving the level of services that citizens receive from state agencies, alleviating their suffering, and completing the infrastructure that will provide an additional boost to development projects at various levels.   ;LINK

LATEST FROM MNT GOAT, 22 SEPT

 Mant Goat 

  Article Quote:  “Iraqi banks have the qualifications to switch to the electronic system, noting that “the transformation of the financial sector to the electronic system with credit cards will pave the way for attracting international investments and increasing confidence in the Iraqi economy.”

 I have to say it is all just about implementing the Electronic Payment and Inclusion of the banks into this new process...the CBI and the Finance Committee...are committed now to complete this effort, and I believe they are way beyond our expectations of just where they currently stand in this effort...In short summary, is this not what we all want to happen so they can pull the trigger on this revaluation and reinstatement.

...they are now telling us they can see light at the end of the proverbial tunnel. No, they do not directly tell us this but you can read into the articles and understand the tone...

DINAR GURU UPDATES BY @DINARREVALUATION AMAZING PROGRESS IN IRAQ!!