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Member Of Parliamentary Finance: Great Reluctance In Budget Decisions And Agreements On The Part Of The Region, 31 OCT

 Member Of Parliamentary Finance: Great Reluctance In Budget Decisions And Agreements On The Part Of The Region

Time: 10/30/2023 12:28:07 Read: 1,339 times   {Economic: Al-Furat News} The Parliamentary Finance Committee clarified, today, Monday, that budget decisions and political agreements are witnessing great reluctance on the part of the Kurdistan region.

Ali Mu'nis, a member of the Parliamentary Finance Committee, told Al-Furat News Agency: “With regard to the delay in releasing financial amounts to the Kurdistan region, because the money file between the governments of the center and the region often arises after approving the budget, there is a dispute regarding the financing of the region’s salaries by the central government.”

He added: "There are obligations under budget decisions and political agreements, as some of these obligations are fulfilled by the regional government towards the central government in terms of oil export dues and the fulfillment of these obligations, which is witnessing great reluctance on the part of the region."   LINK

Al-Shammari: There Are No Sanctions From The US Treasury Department On Iraq, 31 OCT

  Al-Shammari: There Are No Sanctions From The US Treasury Department On Iraq

Advisor to the Prime Minister, Fadi Al-Shammari, denied the existence of sanctions from the US Treasury Department on Iraq due to smuggling the dollar abroad. Al- Shammari said in a press statement, “In the past, we stood in amazement at the money laundering operations in the currency auction, and the cries were rising from all political, social, and popular classes because it was a drain on the economy.” “There were major money laundering operations that benefited countries, organizations, and corrupt people,” he said.

He added, "The launch of the platform is Iraq's entry into the international financial and economic system. There are no sanctions imposed on Iraq by the US Treasury, but sometimes there is a tightening of standards to deliver potential political messages."

He continued, "The security services are on alert to pursue dollar speculators," stressing that "basic foodstuffs were not affected by the price of the dollar."

https://www.radionawa.com/all-detail.aspx?jimare=36120

"RV UPDATE" BY MILITIAMAN, 31 OCT

Dollar gains ground in Baghdad, Erbil, 31 OCT

 Dollar gains ground in Baghdad, Erbil

Shafaq News / The exchange rates of the US dollar against the Iraqi dinar surged in the markets of the capital, Baghdad, and Erbil, the capital of the Kurdistan Region, on Tuesday.

According to Shafaq News Agency’s correspondent, the dollar rates rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges this morning, reaching 161,800 dinars. This marked an increase from yesterday's rate of 161,550 dinars for every 100 dollars.

Our correspondent pointed out that selling prices in local exchange shops in Baghdad escalated, with the selling price reaching 162,750 dinars, while the buying price stood at 160,750 dinars for every 100 dollars.

In Erbil, the dollar also experienced a rise, with the exchange rate in exchange shops for selling reaching 161,700 dinars, and the buying rate at 161,600 dinars for every 100 dollars.

https://shafaq.com/en/Economy/Dollar-gains-ground-in-Baghdad-Erbil

"RV UPDATE" BY SAMSON, MNT GOAT, TLM724 & BABYSMOM, 1 NOV

 Samson 

 Article:   "Al-Shammari: No US sanctions on Iraq and negotiations with Iran to create a platform for currencies other than the dollar"

 Mnt Goat   

Article:  "NEW STATEMENT FROM OIL ON THE DRAFT OIL AND GAS LAW"  Quote:  “the government is committed to approving this law.” Within the current government session, and it is also within the government curriculum.”  This is of course excellent news for us... 

 tlm724 

  Article:  "Al-Shammari: There Are No Sanctions From The US Treasury Department On Iraq"

   Quote:   "The launch of the platform is Iraq's entry into the international financial and economic system. There are no sanctions imposed on Iraq by the US Treasury, but sometimes there is a tightening of standards to deliver potential political messages."

 Babysmom   

MOST RECENT ANTICIPATED OPENING RATES AS PER RAY [Guru RayRen98]  DONG .47 ...DINAR 3.81...

"RV UPDATE" BY PIMPY, 31 OCT

  Pimpy  

Things have been moving along until today.  The man who's been quiet for months and months and months decided to come out of his shell and start threatening the United States. Article: "Sadr calls on government and parliament to close U.S. Embassy in Iraq"

  I hope Iraq stays out of thefray and stays away from all these conflicts, doesn't get involved andjust goes about their own business.

  My concern is they're not goingto be able to do that...We're definitely going into some interesting
times in our lives but Iraq right now, man I hope they just stay outof this altogether.  I don't know if it's going to be possible. 

Nothing's worse than we feel like we're getting that much closer to increases in the Iraqi dinar only to have this kind of crap happen andwe start all over from square one.  Keep your fingers crossed...

 The gap between the fixed exchange rate versus the black market is widening...The last time we saw that Iraq was forced to increase the value of the Iraqi dinars.  It's very possible between now and the end of the year we could see an increase in the exchange rate.  

Nothing significant but at least going in the right direction.  Like I said, they're going to go up in increments...At least they can do us a favor and take us back to where we originally started - 1,190 dinars for every dollar.  I would love to see a better exchange rate than that but I'll take it.  That's twice in one year going in the right direction.  This is exactly what we would want.