No excuse for Iraq to obstruct Kurdish ‘financial entitlements’: KRG council, 25 OCT

 No excuse for Iraq to obstruct Kurdish ‘financial entitlements’: KRG council

ERBIL (Kurdistan 24) – The Kurdistan Regional Government (KRG) Council of Ministers convened on Wednesday and was chaired by Prime Minister Masrour Barzani, according to a statement from the KRG.

The meeting began by discussing the results of the KRG delegation’s visit to Baghdad on Oct. 18, where it met with Iraqi finance ministers and auditors.

The council instructed the finance ministry and the delegation to remain in constant contact with their counterparts in Baghdad.

In terms of transparency, the council emphasized that the Kurdish government presents all information and figures candidly, and does not willingly withhold information from the public. 

The ministers also ensured that the data, information, and figures are accurate, leaving, as they argue, no excuse for the Iraqi government to obstruct the distribution of the Region's “financial entitlements.”

Fariq Sulaiman, the audit head of the KRG, later highlighted necessary measures of the joint investigation process between Erbil and Baghdad.

To make the audit process successful, as Mr. Sulaiman reasoned, the finance ministers of the Kurdistan Region must coordinate with Baghdad to provide the necessary information and data related to revenues, expenditures, and public property. 

Various reports were then submitted about revenues, expenditures, oil production, and civil servant salaries, providing an essential status update on the Region's crucial economy.

https://www.kurdistan24.net/en/story/32957-No-excuse-for-Iraq-to-obstruct-Kurdish-%E2%80%98financial-entitlements%E2%80%99:-KRG-council

Waiting Confirmation: New RV Window?💣1 IQD = $3?🤔Iraq Dinar RV Updates |...

Sudanese announces a new measure regarding the dollar crisis in Iraq, 25 OCT

 Sudanese announces a new measure regarding the dollar crisis in Iraq, 25 OCT

Tuesday, Prime Minister Muhammed Shiaa Al-Sudani announced legal measures to deter dollar speculators.

During a press conference, Al-Sudani stated that they have supported a set of measures that will play a crucial role in solving the dollar crisis in Iraq. He further added that the crisis has led to the emergence of a group of speculators who have turned some merchants and private banks into currency traders.

He said that they, along with the Central Bank, have legal procedures in place to prevent speculators. Additionally, there are security agencies and committees dedicated to enforcing these procedures.

The Prime Minister stated that the Central Banks of Iraq and Iran agreed to use the Toman instead of the US Dollar.

"RV UPDATE" BY SANDY INGRAM & NADER FROM MID EAST, 25 OCT

 Sandy Ingram 

 There is a global shortage of wheat due to Russia's invasion of Ukraine...Next year flour prices in the United States will skyrocket due to drought...

 Dunums is the unit of measurement of land in the Middle East.  One acre equals approximately 4 dunums. Iraq will plant 1.5 million dunums in irrigated areas of the desert and 4 million dunums in desert areas using underground water.  

This planning event will take place during the winter months (October and November) and will secure Iraq's food security for the coming year...

 Nader From The Mid East     

I believe it's going to get higher.  I believe it's going to be 3 to 1...but we don't know. 

Article: "The governor of the Central Bank Ali Al-Alaq...

considered the process of stabling the dinar exchange rate against the dollar as a big operation that requires changes to the Iraqi commercial system...This came in a speech during the first annual banking conference hosted by the city of Erbil under the slogan 

The Banking Sector Opportunities for Advancement and the Future of International Companies."

A complete halt in the export of Iraqi oil to Jordan through the Trebil port, 25 OCT

 A complete halt in the export of Iraqi oil to Jordan through the Trebil port, 25 OCT

A source in the Anbar local government reported on Wednesday that the export of petroleum derivatives through Trebil port to Jordan was halted.

According to a source’s statement, the export of petroleum derivatives from the Baiji refinery in Salah al-Din Governorate to Jordan through the Trebil port in the Rutba district, west of Anbar, has been completely halted. The reason behind this is that protesters stopped trucks carrying petroleum derivatives en route to Jordan.

According to the source, “The protesters took this action to prevent the transportation of Iraqi oil to the Israeli authorities.” The Trebil port officials have subsequently notified the relevant authorities to halt the export of oil derivatives to Jordan until further notice.

Today, protesters on the Iraqi-Jordanian border decided to prevent Iraqi oil from reaching Jordan via the Tarbil route in order to stop it from getting to Israel.

Iraqi Dinar's New Exchange Rate 1-to-3$ | Iraq's $70 Million Recovery | ...

A deputy calls for stopping the dollar’s ​​dominance in Iraq, 25 OCT

 A deputy calls for stopping the dollar’s ​​dominance in Iraq

Representative Hussein Habib identified the most important ways to end the dominance of the dollar in Iraqi markets.

Habib said in a press interview, 

“There are several steps to end the dominance of the dollar in Iraqi markets, the most prominent of which is reviving the national industry in all its dimensions in order to fill the large void in the import balance, especially since the largest percentage of the markets’ needs depend on abroad even for the simplest matters, including crops.” agricultural”.

He added, “Restoring industry and agriculture according to a vision that includes three dimensions: sufficiency and developing production to achieve leaps in the balance of exports and imports will reduce dependence on the dollar at high rates, and thus ensure an end to its dominance. 

However, the matter requires comprehensive dimensions, the most prominent of which is providing means of support for the advancement of industry and agriculture.” Reducing financial burdens from taxes and offering their exemption contributes to attracting capital and internal and external investments.”

He pointed out that “reviving the industry does not stop reducing the dominance of the dollar, but rather providing great job opportunities, especially since the economic conditions have created armies of the unemployed in most Iraqi governorates.”

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