Saturday, December 30, 2023
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
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
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.
🇮🇶 IRAQ ECONOMIC PLAN EXPLAINED: SIMPLE BREAKDOWN
🇮🇶 IRAQ ECONOMIC PLAN EXPLAINED: SIMPLE BREAKDOWN Here is a clear and easy explanation of what the article says: 🔎 What is this article a...
-
A groundbreaking and irreversible shift is occurring in the global financial system as it rapidly transitions to a gold-backed structure. T...
-
Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
-
🌍 Global Currency Reset: What’s Happening Now The so-called “RV Redemption” is reportedly entering a new phase, according to various sour...