Parliament is awaiting the 2024 budget schedules… preparing for major changes in numbers,30 DEC

Parliament is awaiting the 2024 budget schedules… preparing for major changes in numbers

The Parliamentary Finance Committee confirmed today, Friday, that the 2024 budget schedules have not yet reached Parliament, but the total revenues and expenditures must be reconsidered.
Committee member, Mustafa Al-Karawi, said, “The Prime Minister has not sent any letter regarding the 2024 budget yet, but in general it is assumed that the issue of revenues and total expenditures and the percentage of the deficit achieved in the new budget will be reconsidered, based on expectations of oil prices and quantities exported according to the OPEC decision.” , indicating that “if changes occur to these three numbers, there will be a major change to the rest of the budget schedules,” according to the Iraqi News Agency.

Al-Karaawi explained that “the volume of expenditures distributed across the spending lines, and according to the available amounts and expected revenues, there will be a redistribution of the budget schedules, and as a result there will be a major change in the schedules,” noting that “what the political forces aspire to are the budget items. Especially in the Kurdistan region, with regard to actual expenses and others.”

He stressed that “the committee is determined that there be social justice between the governorates, and that everyone is obligated to pay the actual expenses,” noting that “these points are the sum of the differences that we will witness in the budget during the coming period.”

He added, “We hope to send its data for the 2024 budget after the legislative recess, so that it can be amended quickly.”

Al-Karaawi confirmed, “There is no increase in fuel prices. Rather, it is regulating the process of processing fuel by converting it to electronic form and using payment cards, but there is not yet any official decision regarding fuel prices.”

alsumaria.tv

"RV UPDATE" BY CLARE, 30 DEC

 "RV UPDATE" BY CLARE, 27 DEC

 Clare 

 Article:  "A financial expert points out the reasons for the continuous decline in the dollar exchange rate"   Quote:  "On Monday, financial expert Nabil Al-Ali attributed the continued decline in the exchange rate of the US dollar towards the Iraqi dinar to...the change in the attitudes of merchants and public opinion through their conviction of the strength and status of the dinar...The dollar exchange rates against the Iraqi dinar will continue to decline, thus touching the official rate specified by the Central Bank."

Article: "The Iraqi Dinar Overthrows The Dollar And Wins The Struggle To Control The Regular Market”  Quote  “The US Treasury continues its cooperation with the Central Bank of Iraq,as many Iraqi banks have now formed relationships with  international banks for the first time.”  

  Article:  " CBI Governor: Int'l welcome to the Iraqi banking sector’s commitment to compliance rules"  Quote:  "For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-clare-23-dec_01992421810.html

  Article:  "CBI Governor: Int'l welcome to the Iraqi banking sector’s commitment to compliance rules"  Quote:  "For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-clare-23-dec_01992421810.html

🔥Iraqi Dinar🔥It is Done🔥News Guru Intel Update IQD Value to USD🤑💵🤑🎉

Al-Rikabi: The battle with the dollar is almost over, and we will reach the official price soon, 30 DEC

 Al-Rikabi: The battle with the dollar is almost over, and we will reach the official price soon

The media advisor to the Prime Minister, Hisham Al-Rikabi, stated that the battle with the dollar is almost over, and we will reach the official price soon.

Al-Rikabi explained in the “Before Tomorrow” program, followed by “ Jarida ”, that “American officials were surprised by the rapid economic steps taken by the government, and there is no American economic blockade on Iraq, and talk about this is (inaccurate).”

He continued, “Taming and eliminating the dollar crisis began with strong steps, and many parties that practice money laundering have been neutralized, and the speculators’ market has become very limited.”

jaredaiq.net

"RV UPDATE" BY PIMPY, 30 DEC

  Pimpy

  As we close out this year Iraq continues to take steps in a positive direction.  Let's hope this continues.  You guys keep asking about a rate change at the beginning of this year.  If they're going to do it it's going to be done now, not later.  I'm not saying it's going to.  I'm just saying if it's going to be done, it's going to be done now so they can re-change all the budgets for the years.  I don't think it's going to happen but we'll see what happens from here.  

The year is winding down.  I would say Iraq did pretty good despite all the BS that's going .  We are looking forward to 2024, hopefully with a lot of great news as Iraq continues to move forward to do what's best for the people of Iraq.

 Iraq has taken the necessary steps to strengthen the Iraqi dinar.  We know there's restrictions on the amount of money Iraq is receiving from the US.  But doing that has put the pressure on parallel market because they don't have enough dollars to trade...on the black market ...causing companies to have to use the official exchange rate instead of trying to be sneaky on the parallel market.  That means they have a stronger Iraqi dinar... Because of that they have more purchasing power... This is why I think as time goes on you're going to see the Iraqi dinar go up in increments.  

IMF Confirms Adding Value to IQD?💣Dong = $2.25?!🤔Iraq Dinar RV Updates |...

Association of Banks: The dollar will continue to decline thanks to the actions of the Central Bank, 30 DEC

Association of Banks: The dollar will continue to decline thanks to the actions of the Central Bank

Today, Friday, the Association of Private Banks expected the exchange rate to continue to decline in the parallel market with the continued implementation of the Central Bank’s agreements with the Federal Bank and several countries to finance foreign trade.

The association’s advisor, Samir Al-Nusairi, said in a statement to the official agency, followed by NRT Arabia, that “the goals and tasks of the Central Bank focus on financial and banking reform, and they agree with the government’s approach, especially with regard to the transition from the cash economy to the digital economy through the development and deployment of electronic payment devices in directions that achieve The fourth global revolution by moving to a cashless society.

He added, “The Central Bank of Iraq and the government took a new strategy to manage monetary policy, due to the fluctuation that occurred in the Iraqi dinar exchange rate at the end of 2022, so there were new goals to control the exchange rate and ensure its stability.”

He continued, “Among the goals also included regulating the financing of foreign trade and regulating the Iraqi banking sector in accordance with the standards of the global financial system followed in most developed countries of the world in the banking aspect and completely ending the battle with speculators, who play a harmful role in the national economy by dealing in dollars on the black market.” For which he is held accountable in accordance with the law, in addition to reconsidering lending policies according to a new strategy called the National Lending Strategy, in which the executive aspects of bank financing in previous years were benefited from and the move towards a new strategy that will be implemented on a large scale.

He pointed out that “the Central Bank’s administrative, procedural and negotiating efforts, which continued for approximately 8 months with the US Treasury, the Federal Reserve Bank and international banks, resulted in allowing agreements, arrangements and understandings that allowed the entry of new currencies to deal with foreign transfers, including the Chinese yuan, the UAE dirham, the Indian rupee, the euro and the Turkish lira.” Pointing out, “These agreements were implemented successfully, which was reflected in the exchange rate and led to its decline.”

He continued, “Soon, an agreement was reached with Turkish banks to enhance the balances of Iraqi banks in Turkish lira and euros, and the Central Bank reinforced this with tens of millions of euros, in addition to an agreement with First Abu Dhabi Bank to deal in Emirati dirhams to finance Iraqis’ trade with the Emirates, and all of these… The measures will allow the exchange rate to continue to decline in the parallel market, which is currently declining continuously.”

nrttv.com