"RV UPDATE" BY SANDY INGRAM, 3 JAN

  Sandy Ingram 

 People have been asking, 'Why is the Iraqi dinar one rate in Iraq and a different rate online...?'  There are two major reasons for the different rates.  1. The Iraqi government imposes strict currency controls to limit the flow of dinars out of the country.  This creates a dual exchange rate system:  Official rate - fixed rate imposed by the Central Bank of Iraq...Market Rate - Freely fluctuating rate is used for private transactions and most imports... 2.  The IQD is not widely traded internationally ...Limited demand for dinars outside Iraq weakens its value on

the international market.  But...they are now saying speculation about a potential revaluation of the Iraqi dinar sometimes influences online prices... Speculation investors, that's us.  We are causing fluctuations in the currency value...

In January 2024 foreign currencies will no longer be allowed inside Iraq and any violations will be criminalized.  The Iraqi dinar will be used for all transitions. 

Why are we seeing reports of a meeting with the IMF in Jordan and a meeting with the Department of the Treasury and the US Federal Reserve in Dubai?  ...The meeting with the IMF had to do with the IMF staff team helping the Iraqi authorities reform the banking system... 

This meeting more than any other tells us Iraq may be preparing to join the global financial network, aka Forex Market...Here's the bottom line.  Iraq has never really been on the Forex market.  These reports IMPLY Iraq is headed in the direction of international currency inclusion while using its own currency for transactions within th country beginning January 1, 2024. 

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-sandy-ingram-30-dec.html

 

A drone attack on a military base hosting US troops near Erbil in northern Iraq...caused casualties...Iran-backed militants claimed responsibility for the attacks...The attacks occurred on December 25th.

  Inflation...political stability... balance of payment...national debt...recession - each of these seven categories helps determine the currency rate of any country...We want to wish each of you a happy holiday..

Article:  "Iraq links Baghdad US embassy attackers to security services"  

The attacks against US forces have continued.  The Iraqi government said several people who are alleged to have attacked the US embassy in Iraq last week have links to the country security services...

Article: "Iraqi council elections: Almost 17 million voters head to polls on Monday"

  Iraqis have begun voting for the first time in a decade to select new provincial council members who in turn will appoint governors...results are expected to be announced on Tuesday.  

   Iraq cuts oil production by 223,000 barrels per day voluntarily.   Iraq is over 90% dependent on oil revenue and oil prices, therefore when OPEC speaks we listen and we listen very carefully, almost as carefully as when the CBI makes and announcement.

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-sandy-ingram-sheila-18-dec.html

 Article: "CIA warns Baghdad of serious consequences if attacks against US personnel  continue"   Since October 17th the US presence in Syria and Iraq has been under constant threat. 

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-clare-sandy-ingram-15-dec.html

 [We] tried to ignore this news however, that is not possible Article:  "Iraqi PM places security forces under investigation over US embassy attack"  Iraq is doing what they can, but have not been able to stop the attacks against American Forces in Iraq.  Article: "Iran-backed militia vows more attacks after US Embassy in Iraq comes under fire"  When you attack the embassy of another country, this is far more serious.

The Central Bank of Iraq confirmed some Iraqi banks are transferring dollars from their accounts to intermediary banks who are distributing the dollars to their customers.  The Central Bank of Iraq said this will contribute to reducing the exchange rate of the parallel dollar...[We're] thinking this is to keep the black market intact. This means the decision to only use Iraqi dinar in all transactions beginning January 1, 2024 may cause concerns and the Central Bank of Iraq is making moves to control any possible issues.

Article:   "Inflation rate in Iraq declines in 2023 compared to 2022" 

 The Central Bank of Iraq announced the inflation rate decreased in 2023 compared to 2022.  Inflation in Iraq reached approximately 3.7% in August 2023, compared to 4.4% in August 2022.  Iraq's inflation rate is good compared to many countries where inflation has reached 30% and 40%...

Wealthy Iraqis move to the Caribbean.  Guess who's on the list?  ...The leader of the Kurdistan region and the former governor of the Central Bank of Iraq and other businessmen suspected of corruption...Iraq's politician are monitored by the organized Crime and Corruption Report Project (OCCRP)...This is part of the effort to catch

individual involved in corruption....  The project reported the purchase of Dominica (tiny Caribbean island) citizenship...enabling them to travel worldwide without a Visa...This country's visa is magical.  Citizens can travel to 144 countries without a visa..

 The country has no tax on foreign income, capital gains, inheritance, stock profits, wealth or gifts...The former Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif, obtained Dominica citizenship in 2017 along with his wife and two children and did not renounce it upon his appointment as governor of the CBI which was clear violation of article 18 paragraph 4 of the Iraqi Constitution.  He held the position of governor of the Central Bank of Iraq from September 2020 until his removal by the current prime minister on January 23, 2023.. .

There are corruption questions...a legal complaint... has been filed due to the loss and depletion of millions of dollars regarding forged import documents.

   The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless.   It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange.  Most of these reserves are held in US dollars since it is the most traded currency in the world...

The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history.

 The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless.  It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange.  Most of these reserves are held in US dollars since it is the most traded currency in the world...

The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history...

Article:   " Good News for Investors:  US Treasury Continues to Omit Vietnam Currency Off Currency Manipulator's List"  

 Vietnam was not included on the US Treasury Department currency manipulators list this time.   The list comes out twice a year and includes countries that may have surpassed the value of their currency.  When a country does this it cheats investors on potential profits...Iraq is rebuilding after the war so is not yet subject to currency manipulation lists...

  On Wednesday the Prime Minister of Iraq's advisor took the lead from the Central Bank of Iraq and announced Iraq has the largest foreign currency reserves in its' history and that the exchange rate treatment package aims to prevent profiteering at the expense of the economy...

https://dinarevaluation.blogspot.com/2023/11/rv-update-by-sandy-ingram-25-nov.html

https://dinarevaluation.blogspot.com/2023/11/rv-update-by-sandy-ingram-30-nov.html

-------

Article:  "Inflation rate in Iraq declines in 2023 compared to 2022" 

 The Central Bank of Iraq announced the inflation rate decreased in 2023 compared to 2022.  Inflation in Iraq reached approximately 3.7% in August 2023, compared to 4.4% in August 2022.  Iraq's inflation rate is good compared to many countries where inflation has reached 30% and 40%...

Wealthy Iraqis move to the Caribbean.  Guess who's on the list?  ...The leader of the Kurdistan region and the former governor of the Central Bank of Iraq and other businessmen suspected of corruption...Iraq's politician are monitored by the organized Crime and Corruption Report Project (OCCRP)...This is part of the effort to catch

individual involved in corruption....The project reported the purchase of Dominica (tiny Caribbean island) citizenship...enabling them to travel worldwide without a Visa...This country's visa is magical.  Citizens can travel to 144 countries without a visa..

 The country has no tax on foreign income, capital gains, inheritance, stock profits, wealth or gifts...The former Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif, obtained Dominica citizenship in 2017 along with his wife and two children and did not renounce it upon his appointment as governor of the CBI which was clear violation of article 18 paragraph 4 of the Iraqi Constitution.  He held the position of governor of the Central Bank of Iraq from September 2020 until his removal by the current prime minister on January 23, 2023...

There are corruption questions...a legal complaint... has been filed due to the loss and depletion of millions of dollars regarding forged import documents.

  The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless.   It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange.  Most of these reserves are held in US dollars since it is the most traded currency in the world... The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history.

 The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless.  It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange.  Most of these reserves are held in US dollars since it is the most traded currency in the world...

The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history...

Article:   "Good News for Investors:  US Treasury Continues to Omit Vietnam Currency Off Currency Manipulator's List"  

 Vietnam was not included on the US Treasury Department currency manipulators list this time.   The list comes out twice a year and includes countries that may have surpassed the value of their currency.  When a country does this it cheats investors on potential profits...Iraq is rebuilding after the war so is not yet subject to currency manipulation lists...

  On Wednesday the Prime Minister of Iraq's advisor took the lead from the Central Bank of Iraq and announced Iraq has the largest foreign currency reserves in its' history and that the exchange rate treatment package aims to prevent profiteering at the expense of the economy...

https://dinarevaluation.blogspot.com/2023/11/rv-update-by-sandy-ingram-25-nov.html

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-sandy-ingram-27-dec.html

Iraqi Dinar-Monetary Reform Successfull✅-Iraqi Dinar News Today 2024-Ira...

Parliamentary Economy determines the features of the impact of “dollarization” in 2024, 3 JAN

Parliamentary Economy determines the features of the impact of “dollarization” in 2024

Information / Baghdad..
On Tuesday, member of the Parliamentary Economics Committee, Hussein Habib, identified the most prominent features of the impact of the continued dependence on the dollar on the country’s economy during 2024.

Habib said in an interview with Al-Maalouma, “Any decrease in the exchange rate of the dollar against the dinar is positive and will enhance the value of the latter and address the price pressure suffered by millions of people below the poverty line in the country, but on the other hand, any decrease cannot be achieved through wishes, but rather according to mechanisms.” An organization that adopts Ofoq addresses the reason for the demand to buy the dollar from the parallel market.”

He added, “Dollarization has created exceptional conditions for Iraq’s economy in light of the import of approximately 90% of the market’s needs from abroad. That is, we export the dollar in the absence of industry, not to mention the impact of other sectors, including hospitals, because large numbers of citizens are forced to travel for the purpose of treatment and spend large sums of money.”

He pointed out that “dollarization, in reference to the parallel market, will remain influential in the economy as long as there is an absence of industry and production in large proportions, pointing to the necessity of openness to safe investment that attracts capital and restores its inflow in terms of rehabilitating services and opening horizons that contribute to expanding the circle of dependence of the dinar instead of the dollar in Internal financial transactions.

The dollar exchange market witnessed a gradual decline before it rose again in recent days amid uncertainty in its activity.

almaalomah.me

Coffee with MarkZ, MiltiaMan, and the joined by Andy Schectman. 01/03/2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Coffee with MarkZ, MiltiaMan, and the joined by Andy Schectman. 01/03/2024

Member:   Good morning Mark, mods and patriots

Member: It is a great day to be alive. Rejoice and be glad in it.

MZ: Here is the illustrious MilitiaMan…Welcome.  About the de-dollarization on the 1st and 2nd   …many did not see it….but are still hopeful…Iraq still says they are moving forward. What are you hearing?

MM:  The first thing I looked at this morning was the IMF report that came out yesterday. It says they have low inflation, good employment, the outlook looks good. There was some negatives since OPEC is cutting oil….but, the non-oil revenues should kick in …taxes, tariffs, agriculture and tourism is big. And of course the development road project. Once they start building millions of houses in 10 cities….I am sure the WTO wants to have their hand in that.

MM: An article came out yesterday saying Iraq had been given the green light for International Institutions to invest in Iraq. My opinion on that is they are going to accept the obligations for article 8 compliance. Which means they are going to adjust their exchange rate. 

MM: They talk about the exchange rate in the IMF document today. A brief snippet about increasing the exchange rate and purchasing power…... You all may want to go read it. I think this report was a good indicator. 

MM: Yesterday the PM (Sudani) was talking about the existence of financial reform and stability. They are going to switch to an electronic system in the government itself, and within 6 months they will no longer use cash for payments. 

MM: Today we have the retirees supposed to be paid. They will have to do their banking with ATM cards …This should tell us if the operational side of the budget for 2023 is exposed. We need to see how they pay all the contracts and tenders for the year 2023. 

MM:  I do not think they can afford to pay for all those houses and businesses and roads with an exchange rate of 1310. I don’t think there is enough dinar in the world to do all of that .

MZ: I agree with you. There is no future for them without an improved exchange rate

Member: . Militia Man & Crew - so what happens with all the 2023 Budget that Iraq didn't spend??? Can they double up and spend it in 2024?

MM: I think they have already spent it and have not shown us yet

MZ: That’s what I think …maybe all the checks just havn’t cleared yet. 

MM: In an article the budget has 7.6 billion in surplus which tells us they are not telling the whole truth. But the government granted the authority to continue spending the 2023 budget and the spending can continue with the 2024 budget. That is what we are seeing in the news today. 

Member: What happens to dinar holders if Iraq goes cashless?

MZ: They are not trying to remove all cash. They are trying to streamline government to not use cash to stop corruption. 

MM: There is going to be a need for new small category notes (lower denominations)  and a need for coins or fils….They will have those. It will be no different than here. Many people do not carry cash anymore……but many do….just less. 

MZ: If all the cash is removed from government payments ext….removes this historic problem of corruption.   

Member: What happens if they just print new notes and the dinar we hold are not good anymore?

MZ: That will never be accepted in the international world. You would have to have a closed economy to do that…..like N. Korea. You cannot do that to the international world though. 

MM: We can clearly see the people behind this – the WTO, The IMF, The world Bank….the BIS , the Federal Reserve bank….The US, Canada, The UK…all kinds of countries hold dinar in their foreign reserves. Iraq cannot just say…”Sorry guys- we aren’t paying you” That is not going to happen. We are talking trillions. Look at the US- The US embassy in Iraq is one of the biggest in the world. One of our presidents said we are going to get paid back for this. 

MM: They are planning big things over the next few months and need an exchange rate  to match. Sudani has been moving on steroids to get this done. 

MZ: And with the government forcing the use of dinar only from now on….they need to have a higher value….or these people who have the green light to come in and start building are not coming……

MM: If they have a REER (Real Effective Exchange Rate) based on true values….from oil, natural gas, borders, tourism, taxes and tariffs……..it’s going to be phenomenal…and that is what they are working on. I think everyone should be excited as we are watching it unfold. 

MM: We should all have confidence that what we are invested in is coming to fruition. That is my belief….everything is very positive. 

MZ: I am being told from my folks on the street over there to watch in the coming days or weeks for the rate of dinar on the prices of goods to change. To me this signals there is going to be a substantial change. And they told us they are going to implement their economic reforms in the month of January. And the exchange rate is a key issue in those.

MM: Iraq is moving to a digital era and there is going to be a major announcement with respect to that- from the Prime Minister’s advisor…..this was  6-7 days ago. And all the banks will be working this weekend….I think that is interesting. 

MZ: Are you feeling very confident right now?

MM: Oh yes……If they were given the green light for the international community to come in and trade….they are going to have to have article 8 compliance at some point. The expectation on the ground….is for more purchasing power and the dinar is going to be stronger than the dollar soon. 

MZ: And they built a mechanism in the 3 year budget for a value change….

MM: and this budget is for 2023, 2024, and 2025. 

MZ: Thank you MilitiaMan……Its always great hearing from you. 

Mod:  THANK YOU, MILITIA MAN, YOUR TIME WITH US IS APPRECIATED!!

PLEASE FOLLOW AND SUBSCRIBE TO MILITIA MAN & CREW: https://www.youtube.com/@MilitiaManCrew ALSO FOUND ON Patreon community that is CONTENT DEEP at https://www.patreon.com/mmandcrew

Member: Went to my bank yesterday. Asked my banker if he had new currency for me. He smiled and said “not yet”.

Barclays bank here in london Uk are up to speed with the RV – woohoo

Member: Chase bank told me Monday that they are exchanging dinar now and I have a phone appointment today at 9:30 to find out the rate

Member: I wonder-Are they waiting on the US to announce the new gold backed US Note first???

Member: Who is Mr C and what is his official title and why does he get “codes” and what are the “codes”. What happens when he puts in the “codes”? PLEASE answer these questions

MZ: Just watch this video and listen to Mr. C tell you all about it  https://www.youtube.com/watch?v=jBCd_0prXj8

Member: Thanks Mark, MM, and Andy….Everyone have a great day

Andy Schectman from Miles Franklin joins today. Please listen to the replay for his information and opinions….

THE INFO IN THIS PODCAST IS FOR GENERAL INFORMATION & EDUCATIONAL PURPOSES ONLY NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IN THE GROUP OPINION ONLY

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics. 

"STATUS OF THE RV" BY MNT GOAT, 3 JAN

STATUS OF THE RV

Welcome to 2024!

What will this year bring us? 

Once again it’s January and so will we get the RV in January or have to wait again? Again, I want to emphasize all the foolishness by so many so-called intel gurus out there, that the dinar had to RV before the end of 2023 and that the reinstatement would be triggered on January 1st. Yet these are the same jerks that will tell you no one will know the time of the RV. I don’t get it. Either you know or you don’t…lol..lol..lol.. Of course no one will know and so what’s you point? 

This bullshit started way back in the summer months and so here we still with no RV. I’d say they were all a bunch of liars. I know they are just overly optimistic or should we say “overly speculative”. But at what point does overly speculative turn into flat out liars? But what do they base their information on? 

So, 2023 was an outstanding year for progress in the currency monetary reforms in Iraq. I could hardly believe that so much was done in such a short period of time, if you compare the other 20 years since the 2003 invasion. In today’s news we read multiple articles talking about all this progress and how they have so far managed to get the parallel rate from 160,000 to 145,000. This is very close to the official CBI rate of 132,000, but not yet there as they expected. My CBI contact is telling me they still want to bring it closer and more stable. Currently there are still too many wide swings too often. It’s all very good signs but now there yet. 

My CBI contact tells me they do need it closer and stable and when it does, they will trigger another CBI official rate revaluation. But this will still be the program rate not what we want. We need to keep our eyes on the CBI “official” rate. When this rate drops again, I was told they will move ahead on the project to delete the zeros. They want to accomplish this in the month of January and are optimistic they can. So, this is the very good news for today to kick off the new year. 

So then hearing all this good news what do many of these silly idiot intel gurus tell their listeners? The told them the parallel rate is now gone, meaning it is equal to the CBI “official” rate. I can tell this is NOT true and I can tell you this with 1000% certainty. They are lying to you. Even if I heard it, I would want to verify it first before blabbing it around with my BIG mouth. Why do they make up these stories and lie?

In todays news the articles told us and I quote – “ amid expectations that the decline will continue after the Central Bank translates the recent decisions and measures into reality .” Then also “Controlling the dollar file, in light of the major violations in this file, will not be instantaneous and will need a period of time in order to impose it on the local markets,”

So, you see for all you intel gurus out there, it is not as simple as what you think. Please research and stop lying to your listeners. Instead, base your info on FACTS not rumors. But who knows just how long they will need to get the parallel rate totally where they want it? 

I am told they fully intend to have this parallel market on target and under control within January. Will they? Can they? This is yet to be seen. You see I don’t need to just make up information to tell you and pretend to have good sources. But if they can accomplish this target, we know what their next move will be. We don’t need to speculate, spread gossip or rumors. We know as a FACT!

Among the most important events for 2023. 

Baghdad / Nina / The year 2023 witnessed economic events in Iraq that greatly affected the markets, especially the rise in the price of the dollar and other fluctuations, in addition to oil, whose revenues constitute 95% of the country’s budget.

Banking
On January 23, Prime Minister Mohamed Shia al-Sudani relieved Central Bank Governor Mustafa Ghaleb Makhif and assigned Ali Mohsen al-Alaq to the administration.

On February 11, the central bank agreed with the US bank “JPMorgan” to facilitate payments in the Iraqi banking system to China with the aim of financing private sector imports directly.

On May 30, the bank announced the purchase of new quantities of gold by 2.3 tons, bringing its total possession to 132.74 tons, maintaining the 30th place in the world.

On July 29, the U.S. Treasury Department sanctioned 14 Iraqi banks as part of an all-out campaign to transfer U.S. currency from Iraq to Iran and other sanctioned countries after revelations emerged that the 14 banks were involved in money laundering and fraudulent transactions.

October 5, the central bank confirmed that the country will ban cash withdrawals and transactions in US dollars starting from January 1, 2024 in order to limit the use of the country’s hard currency reserves in financial crimes and evade US sanctions.

On December 12, the Central Bank of Iraq directed private banks to finance the imports of small traders from Turkey in euros or Turkish lira, according to an official letter issued by it and appended to the signature of Ammar Hamad Khalaf, deputy governor of the bank.

The central bank agreed on December 13 with First Abu Dhabi Bank to finance trade and imports in dirhams.
On December 14, he agreed with a U.S. delegation to meet the bank’s needs for cash and dollar shipments for next year.

OIL
March 26, 2023, Baghdad halted crude oil exports from the Kurdistan region and Kirkuk fields after winning an arbitration case against Turkey.

On April 1, the Karbala oil refinery was inaugurated with a production capacity of 140,000 barrels per day.

On June 18, Oil Minister Hayyan Abdul Ghani announced the launch of the sixth licensing round for 11 gas exploration blocks in Najaf, Anbar and Ninawa provinces.

On July 10, 2023, Iraq signed a deferred agreement with the French company Total Energy with investments amounting to $ 27 billion through the implementation of four oil and gas projects for renewable energy.

On July 21, a memorandum of understanding was signed to supply Lebanon with fuel, oil and gas to meet its oil, fuel and crude oil needs. On September 28, the
Ministry of Oil announced the production of high-quality gasoline “Octane 95” at the Karbala refinery for the first time in Iraq.

On September 29, Maysan Oil Company and the consortium of international companies celebrated the inauguration of the investment and gas processing project in the Halfaya field in Nissan Governorate with a capacity of 300 mq per day (one million standard cubic feet).

On October 6, the oil minister signed a memorandum of understanding to supply gas from Turkmenistan to Iraq, and on October 29, the minister announced the operation of the Baiji refinery with a capacity of 150,000 barrels per day.

Finance

In February 2023, the US dollar against the Iraqi dinar on the Baghdad Stock Exchange rose to 170 thousand Iraqi dinars against 100 US dollars.

March 12, 2023, Ministry of Finance announces the completion of  the draft federal budget law for the year 2023 and send it to the Council of Ministers for discussion for voting.

On June 6, the House of Representatives voted on the draft federal budget law for the fiscal years 2023, 2024 and 2025, which included 66 articles, and is the largest in the country’s history, amounting to about $ 153 billion for each of the three years.

Agriculture

On August 22, 2023, the Ministry of Agriculture announced that water scarcity deprived the governorates of Najaf, Diwaniyah and Muthanna from planting amber rice due to the lack of sufficient water. On 5 September, the Kurdistan Region announced the export of one thousand tons of potatoes to the United Arab Emirates.

On October 1, the Ministries of Water Resources and Agriculture agreed to cultivate 5.5 million dunums for the upcoming winter season 2023-2024.

On November 30, the Kurdistan Region announced the export of honey to Qatar for the first time.

In the field of trade

, August 2023, the Ministry of Commerce began distributing electronic ration cards to citizens to receive the items of the food basket and flour.

In April, the Ministry of Commerce announced that it would replace flour in the ration with bread or “samoun” from bakeries and ovens, and it will be optional for citizens and not mandatory, and areas in Baghdad will be selected for an initial experiment, namely Daoudi, Mansour and Harithiyah.

Iraq Stock Exchange(ISX)

On December 28, the stock market announced the trading of a share with a financial value of about 700 billion dinars during the year 2023.

Electricity

In April 2023, the Ministry of Electricity announced the completion of the electrical interconnection with Turkey by 100% and promised that consumption wages would be at reasonable prices.

On June 11, Iraq announced the launch of the 500 MW electricity interconnection network with the Gulf Cooperation Council (GCC), and the interconnection system is expected to be completed by the end of 2024.

In June, Iraq paid $2.76 billion in Iranian gas dues after obtaining U.S. exemptions from sanctions on Tehran.

On September 30, Electricity announced the completion of the electricity interconnection with Jordan, and the project aims to provide Iraq with 150 MW of power in the first phase.

Remember the “Pillars of Financial Reform” and we see them being addressed in an amazing way in 2023.

So, today I am not going to give you any of these foolish bank stories or stories of having Biden signing off on the RV. How stupid and ridiculous. These rumors get you nowhere. They are like sitting and rocking on your porch rocking chair. It passes the time, but you go nowhere and accomplish nothing.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Iraqi Dinar✅Latest Exchange Rate IQD Vs USD 2nd Janury-Iraqi Dinar News ...

Parliamentary Finance: The 2024 budget will witness a major change, 3 JAN

Parliamentary Finance: The 2024 budget will witness a major change

The Parliamentary Finance Committee announced today, Tuesday, that the 2024 budget will witness changes in its operational and investment parts.

Committee member Jamal Cougar said, in an interview with the official Al-Sabah newspaper, “The 2024 budget will make many changes and it will be something different in terms of resources and estimates of oil prices and disbursements, as is the case with its plans as it is a new year that will carry new projects.” Stating that, “Amounts have been determined for some projects, and either they have been spent or will be spent in the near future, and these projects will be produced. There are also new appointments that occurred in the previous budget, and these are all variables that were not present in the 2023 budget.”

Koger added, “Every year the operating budget increases, while the investment budget changes,” stressing that, “When the government presented a budget for three consecutive years, the first goal was to continue spending beyond the first of January and ensure that it would not be exposed to problems stopping the fiscal year.” We will work according to the principle of spending one out of 12 until a new budget is approved.”

He continued, “Parliament granted the government the authority to continue spending the 2023 budget until it is completed and begin the 2024 budget without stopping,” expecting that “the government will not change anything in the 2024 budget, and since it did not spend the previous budget in the required manner, it will not need loans in the budget.” “New”.

nrttv.com