The Parliamentary Finance Committee to host federal and Regional Finance Ministers for salary and revenue discussions, 17 SEPT

 The Parliamentary Finance Committee to host federal and Regional Finance Ministers for salary and revenue discussions

Shafaq News / The Parliamentary Finance Committee has announced its intention to host the Finance Ministers from both the federal government and the Kurdistan Regional Government (KRG) for discussions on the salaries of Regional employees and the Region's oil and non-oil revenues. 

Member of the committee, Khalil Al-Doski, stated that they have invited the federal Finance Minister and the Regional Finance Minister to the committee's headquarters to discuss the region's entitlements. 

The committee plans to convene in the next two days to address issues related to the salaries of the Region's employees, as well as its oil and non-oil financial revenues.

As stipulated in Article 13 of the budget, Kurdistan is required to deliver a minimum of 400,000 barrels of crude oil daily to SOMO, a state-owned oil marketing company, for export through the Ceyhan port or for domestic use if not exported.

The issue of Kurdistan Region's oil and non-oil revenues has been a contentious matter for several years with no resolution in sight. In recent years, the federal government has adopted a new mechanism for disbursing the region's entitlements in the budget, involving financial loans to allow KRG to pay employee salaries, which are often delayed by several months.

https://shafaq.com/en/Iraq-News/The-Parliamentary-Finance-Committee-to-host-federal-and-Regional-Finance-Ministers-for-salary-and-revenue-discussions

Iraq's financial revenues surpass 65 trillion dinars, oil dominates at 95%, 17 SEPT

 Iraq's financial revenues surpass 65 trillion dinars, oil dominates at 95%, 17 SEPT

Shafaq News / The Ministry of Finance revealed on Sunday that Iraq's financial revenues in the federal budget exceeded 65 trillion dinars over seven months, confirming a rise in the oil contribution to the budget to 95%. However, an economic expert believes that non-oil revenues "will not improve."

Shafaq News Agency examined data and tables released by the Ministry of Finance for the current fiscal year from January to July. These figures indicate that oil still constitutes the main source of Iraq's general budget, accounting for 95%, highlighting that Iraq's economy heavily relies on oil revenues.

According to financial tables, total revenues until July amounted to 65,195,003,735,974 dinars after excluding transfer revenues of 1,995,073,713,000 dinars. Total expenditures, including advances, 52,916,562,761,000 dinars.

Based on the financial data, oil revenues reached 62,259,118,923,534 dinars, constituting 95% of the general budget. Meanwhile, non-oil revenues reached 2,935,884,812,439 dinars.

Economic expert Mohammed Al-Hasani commented on this, stating, "Non-oil revenues will not improve or increase as long as Iraq lacks local industrial and agricultural production." He emphasized that "the Iraqi economy is rentier, relying on taxes and customs for non-oil revenues."

He pointed out that "the successive governments in Iraq have not directed the surplus of oil revenues resulting from rising oil prices towards industrial and agricultural development but relied on imports to meet local needs," confirming that "Iraq has become dependent on neighboring countries."

Earlier in March 2021, Prime Minister's Financial Affairs Advisor Mudhhir Mohammed Saleh stated that the persistence of Iraq's economy relying solely on oil is due to wars, economic blockades during the past era, and the ongoing political conflicts, which have led to the dispersion of economic resources.

Iraq's continued dependence on oil as the sole source for the general budget puts the country at risk of global crises affecting oil prices, forcing it to cover deficits through foreign or domestic borrowing. This highlights the inability to effectively manage the state's finances and the failure to find alternative financing solutions.

https://shafaq.com/en/Economy/Iraq-s-financial-revenues-surpass-65-trillion-dinars-oil-dominates-at-95

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 17 SEPT

 Frank26 (KTFA)

You have Iraq, Iran, the CBI official, US Treasury all in one room that doesn’t make any sense unless you have have interest in changing the exchange rate and adding value to the Iraqi currency because there’s security and stability in Iraq and it’s all because Iran finally conceded, ‘we give up’.

The CBI had a meeting with the United States Treasury…The CBI got their butts chewed out in front of Sudani.  In less than 24 hours all the nonsense they were complaining about has been wiped out..

[Iraq boots-on-the-ground report]

FIREFLY: We see Austria is back here in Iraq.  They are reopening their embassy here.  Their ambassador says due to the security and stability here it leads them to trust and reopen.

FRANK: Hey, Sudani how clean is the floor of the CBI bro!?

JUDY NOTES, 17 SEPT

 Judy Note: Pray For The Children

What we think we know as of Fri. 15 Sept. 2023:

• As of Fri. 15 Sept. all US Banks were working for the US Treasury: When you go into a bank like Wells Fargo to exchange, you are not doing business with Wells Fargo. You are doing business with the US Treasury. They are contracting with that bank to use the space but the people don’t work for the bank they are contracted by the US Treasury.
• On Thurs. 14 Sept. the Panama Canal shut down and forty percent (40%) of the Global Supply Chain came to a halt. Hal Turner BULLETIN: The Panama Canal Has Stopped! – American Media Group (amg-news.com)

Global Currency Reset:

• The US Treasury Assistant Secretary made a comment per Rod Steele that everything is and has been signed off and should be approximately 96 hours from her return from Baghdad, Iraq. She returned today Fri. 15 Sept. X 96 hours = Tues. 19 Sept.
• Fri. 15 Sept. TNT: Tony was informed by his bank contacts that they were facing a heavy workload and by Mon. 18 Sept. we should be exchanging.
• Fri. 15 Sept. MarkZ: Lots of expectations for Sunday 17 Sept. and Mon. 18 Sept. during meetings with Iraq and the US Treasury on HCL agreements where they will be addressing the exchange rate of the dinar. Iraq wanted a worldwide announcement to the general public of a rate change somewhere around the 20th or 21st. That does not mean we are waiting until then. Groups are positioned and ready. People are all in place. Agreements are done. All we are waiting on is the switch to be pulled.
• Thurs. 14 Sept. Bruce: Three excellent sources said Tier4b (us, the Internet Group) should get notified Fri, Sat or Monday 15, 16 or 18 Sept. We are at a any day, any hour basis. Release to Bond Sellers should happen Fri, Sat or Monday 15, 16 or 18 Sept. Tier4bto be notified after Bond Holders – or by next Tues. 19 Sept. Military personnel and Bond Holders have exchanged but do not yet have access to their funds.On Tues. 12 Sept. the US Treasury gave word to Redemption Centers that everything was signed off and ready to go.
• Mon. 11 Sept. Hernán Robert Hbravo: It is reported in Iraq that everything is ready and agreed with the United States Treasury for the Revaluation of the DINAR currency.
• All documentation was studied and agreed upon between the government of IRAQ and the US. The documentation was delivered on Mon. 11 Sept. 2023, to the United States Treasury for prompt signature.
• As of Fri. 15 Sept. Banks were no longer independent, but working for the US Treasury: When you go into a bank to exchange like Wells Fargo you are not doing business with Wells Fargo. You are doing business with the US Treasury. They are contracting with that bank to use the space but the people don’t work for the bank they are contracted by the US Treasury.
• Our inside source, a brave individual deep within military intelligence circles(identity classified for obvious reasons), has dropped a piece of information that might just shake the very foundations of the global economy: 97 of the top 100 central banks are currently under transformation to become fully operational under the QFS + RTGS system. The remaining 82 smaller central banks are gearing up for this transition. On October 1st all BANKS have to be working with the QFS, THAT’S WHY WE THINK IT HAS TO BE DONE BEFORE SEPTEMBER 30.
• Fri. 15 Sept. Rubix Q: I have a friend who is a personal Dinar dealer in the United States. He is telling me that his vendor just got all of his dinar confiscated and is no longer allowed to sell. They are tightening the noose in Iraq and they are stopping people from taking it overseas. The US Treasury has caused a wave that is causing vendors to immediately stop. This tells me that’s it’s a wrap…the initiation process begun. When the brokers are told to stop selling it let’s you know we are an inch away…you won’t be able to double dip once you make your appt. Second, what you have is what you have…it has been said that when we are close that brokers/dealers will be restricted from selling. As far as BTC, it’s going to zero. XRP is the mother of all digital gold backed assets.
• DINAR REVALUATION CBI: The Central Bank and US Treasury are discussing implementing international compliance instructions in the banking system, 15 SEPT https://dinarevaluation.blogspot.com/2023/09/cbi-central-bank-and-us-treasury-are.html

Global Economic Crisis:

• Rep. Tom Emmer introduced a bill to ban the Federal Reserve from creating a Central Bank Digital Currency. A CBDC is nothing more than a CCP-style surveillance tool that can be weaponized to oppress the American way of life.
• As of Fri. 15 Sept. 97 of the top 100 Central Banks were under transformation to become fully operational under the QFS + RTGS system. The remaining 82 smaller Central Banks were gearing up for this transition.
• The Cabal didn’t see the QFS as a positive move: BREAKING: JPMorgan’s CEO Jamie Dimon Drops a Bombshell: A Dark Winter Is Coming for U.S. Banks and the Economy – American Media Group (amg-news.com)
• Bidenomics Is ‘Taking Away The American Dream’: https://www.oann.com/newsroom/liz-harrington-bidenomics-is-taking-away-the-american-dream/
• On Thurs. 14 Sept. the Panama Canal shut down and forty percent (40%) of the Global Supply Chain came to a halt. Hal Turner BULLETIN: The Panama Canal Has Stopped! – American Media Group (amg-news.com)
• Top currency economist points to accelerated pace of de-dollarization. The greenback’s decline has quickened tenfold since the outbreak of the Ukraine conflict, Stephen Jen says. https://www.rt.com/business/582946-us-dollar-dedollarization-accelerates/
• Fri. 15 Sept. Rubix Q on Telegram: Auto workers are now officially on strike outside the Ford assembly plant, which makes the Bronco and Ranger, in Wayne, Michigan. It’s not coming back just like Hollywood on strike. When they go on strike it’s a bye-bye. No jobs, no company so what happens to the economy. https://t.me/police_frequency/100798

Thurs. 14 Sept. Inside the Exclusive World of Redemption and Exchange Centers, Ben Fulford.

• If you have purchased currency from an authorized dealer in the US an email from powerhouses like Wells Fargo Bank or even Chase – both top tier 1 banks for Exchange + Redemption Centers – is on its way to your inbox.
• The US Treasury provides these email lists. No one can truly verify if they’re on this exclusive list. And thus, to ensure maximum reach, the Safelink website, the ultimate tool for exchange, will be spread like wildfire across major online platforms and chat forums.
• While estimates suggest there are 10 to 12 million individuals in the US holding foreign currency or securities, only a measly 3 to 4 million find their way to the Wells Fargo email list. The reason? Scores of people innocently bringing currencies home after vacations, dutiful military personnel from places like Iraq, charter flights operations, and many more reasons you wouldn’t suspect.
• Anyone longing for higher exchange rates via the Exchange or Redemption Center will be granted a unique personalized 800 number (not to be confused with the pedestrian ‘1800‘ numbers). This number, mind you, is one-time-use only.
• If anyone chooses to walk into a bank directly without this unique digital access, they’re effectively shooting themselves in the foot. The reason? Banks can only offer what’s known as the screen rate or the Forex rate, a measly sum compared to what one could obtain.
• Exchange rates in the US stand as fixed, unyielding monoliths – unless, of course, one possesses a particularly hefty amount.
• (Zim) Bonds? Now, they’re a different ballgame. The rates of exchange, the interest, the fees after working with banks – it’s all up for negotiation, pulling the strings behind closed doors.
• Your unique rendezvous at the Redemption or Exchange Center, however, comes with strings attached. No second helpings allowed! If you think you can dance twice at the same ball, think again. Should anyone attempt a sly double-dip, the repercussions will be swift and severe.
• A second appointment? Reserved for a different basket of currencies scheduled half a year later.
• The Redemption and Exchange Centers will be open for a brief window of 4 to 6 weeks.
• Private Bank teams, with their vast networks, swoop in, ensuring anyone with redemptions over $1 million is shepherded into trust setups, private banks, and an exclusive world of perks not available to the average Joe.
• Redemption Centers exist for the sole purpose of redeeming (Zim) bonds, and Exchange Centers designed for currency-only aficionados.
• The safety at these centers? Top-notch. I have a hunch the military might be lurking in the shadows, ensuring iron-clad security.'

BY JUDY

Iraqi parliamentarian pushes for an emergency session amid dinar depreciation, 16 SEPT

 Iraqi parliamentarian pushes for an emergency session amid dinar depreciation

Shafaq News/ Lawmaker Mohama Khalil on Saturday said he intends to gather signatures from fellow parliamentarians to convene an emergency session to address the soaring exchange rate of the US dollar against the Iraqi dinar.

Speaking to Shafaq News Agency, Khalil said that "the rise of the dollar against the national currency has negatively impacted the Iraqi landscape, affecting the citizens' livelihood."

He noted that it is incumbent upon the government and supervisory authorities to curb the soaring exchange rate of the US dollar, criticizing the parliament for its absenteeism and negligence in addressing this surge.

Khalil stressed that "the government needs to elucidate the reasons behind the dinar depreciation, which is expected to exacerbate, and to devise solutions and strategies in this regard, preventing speculators from exploiting the Iraqi market." 

As Khalil plans to move forward with his initiative, he highlighted his determination to "call upon the parliament speaker, the first and second deputy speakers, and collect signatures of 50 lawmakers to hold an extraordinary session attended by the stakeholders (Finance Minister and the Central Bank Governor), to openly communicate and reveal to the people the reasons behind the dollar's ascent against the Iraqi currency," before the parliamentary session scheduled for the coming Monday.

https://www.shafaq.com/en/Iraq-News/Iraqi-parliamentarian-pushes-for-an-emergency-session-amid-dinar-depreciation

FRANK26……9-14-23……LOVE ME TENDER

World leaders meet at the United Nations with the participation of Iraq, 16 SEPT

  World leaders meet at the United Nations with the participation of Iraq

 Leaders of world countries, including Iraq, are meeting at the United Nations this week, in light of geopolitical tensions that have been greatly exacerbated by the Ukraine war, amid Russia and China competing on one side with the United States and Europe on the other side, to gain the support of developing countries.

According to a report followed by the National Iraqi News Agency ( NINA ), Russia's war in Ukraine will be the focus again at the annual gathering in New York, which Ukrainian President Volodymyr Zelensky will personally attend for the first time since the start of the conflict.

The concerns of the southern hemisphere top the agenda of the meetings this year, and the focus on this issue comes to some extent as a reflection of the increasing interest of Western countries in developing countries to ensure their support in efforts to isolate Russia.

The focus in several high-level meetings during the General Assembly is on the priorities of developing countries in Africa, Latin America and Asia, namely climate, health, development financing, and how to put the “sustainable development goals” on the right track.

“This is a year in which countries in the southern hemisphere set the agenda,” said Richard Gowan, director of the UN International Crisis Group.

He continued, "Non-Western countries seized this moment very effectively."

He added, "I think she took advantage of the fact that she knew that the United States on one side and Russia on the other wanted to gain her support."

The Ukraine war is just one reason to focus on developing countries. Over the past decade, China has pumped hundreds of billions of dollars in loans for urgent infrastructure projects, as part of its Belt and Road Initiative, which has been criticized for burdening many countries with massive debts.

The United States and its allies recently began attempts to counter China's growing influence by pledging funds in the form of development and climate aid.

Before the New York meetings, diplomats acknowledged their focus on developing countries, but denied suggestions that competition played a role.

The US Ambassador to the United Nations, Linda Thomas-Greenfield, described the General Assembly gathering as an opportunity for small countries to “present their priorities to us,” and that she did not view the matter “as a competition between great powers.”

China's ambassador to the United Nations, Zhang Jun, said that Beijing "has no intention of competing with others" and that the country, as its situation improves, "is willing to do more in return for developing countries, but we are not competing."

Russia's ambassador to the United Nations, Vasily Nebenzia, also stressed that Moscow "is not trying to win over anyone."

He added, "We are just who we are, and we will not make our friendship with anyone conditional on them standing on our side and doing what we want, unlike some of our colleagues here who are twisting their arms."  link