Parliamentary Finance reveals the most prominent amendments that will be made to the 2024 budget, 22 JAN

 Parliamentary Finance reveals the most prominent amendments that will be made to the 2024 budget, 22 JAN

Today, Monday, the Parliamentary Finance Committee revealed the amendments that will be made by the government to the 2024 budget tables, noting that the variables in the 2024 budget tables will be sent to Parliament next month for approval.

Committee member, Moeen Al-Kadhimi, said in a statement followed by Al-Eqtisad News, that “the Finance Committee met yesterday, Sunday, with the Minister of Finance, in which many topics were discussed related to the changes that will be made in the 2024 budget tables.”

He added, "The most important variables are an increase in the allocations for rations, social care, and allocations for purchasing rice and wheat from farmers, in addition to an increase in allocations related to the electricity sector and the costs of oil production."

Al-Kadhimi indicated that “the amendments to the 2024 budget will be submitted to the House of Representatives next month for approval.”   link

Awake-in-3D: What Deleting the 3 Zeros Really means for the Iraqi Dinar, 22 JAN

 Awake-in-3D: What Deleting the 3 Zeros Really means for the Iraqi Dinar

What Deleting the 3 Zeros Really Means for the Iraqi Dinar

On January 20, 2024
By Awake-In-3D

I’ve been closely monitoring the economic and monetary developments in Iraq, and there’s a concerning possibility that could significantly impact us foreign holders of IQD.

My concern is about a potential demonetization move by the Government of Iraq, similar to India’s massive cash currency overhaul in 2016.

A recent article from Al-Alam Al-Jadid Newspaper highlights two significant strategies aimed at strengthening the Iraqi Dinar (IQD): deleting zeros from the currency and motivating Iraqi citizens to move their cash holdings into banks.

These initiatives are seen as pivotal steps towards economic stability and international reinforcement of the Dinar.

The proposals outlined in the Iraqi news article involves redenominating the Dinar by removing zeros from the currency notes. This process simplifies the currency’s face value without affecting its actual worth.

The article also addresses the problem of motivating Iraqi citizens to use bank accounts.

A large portion of the Iraqi population prefers to store their cash IQD at home rather than in banks, limiting the money’s active participation in the economy.

If Iraq follows a demonetization process similar to what India did in 2016, our IQD held outside of Iraq could become worthless overnight.

What Happened with the Indian Rupee?

In 2016, India made a sudden move. The government declared its higher denomination notes – the 500- and 1,000-rupee bills – invalid overnight. This represented a massive 86% of rupee cash supply at the time.

They introduced new notes, but here’s the catch: foreign holders of the old rupee notes found themselves stuck with worthless paper.

India’s demonetization was aimed at curbing black market money (the parallel market) and encouraging the use of citizen bank deposits, but it left foreigners with no option to exchange the old Rupee notes outside of India.

What This Means for Us Foreign Dinar Holders

Now, imagine Iraq taking the same path.

If Baghdad decides to demonetize the Dinar, especially in the context of deleting zeros from their currency, we could face a similar situation.

Our holdings of old Dinar notes might turn into mere collectibles, with no financial value.

This is not just speculation. With the global shift towards digital transactions and Iraq’s ongoing economic reforms, such a move could be on the horizon.

Stay tuned to GCR Real-Time News for the latest updates and insights on this developing story.

Supporting articles:

• Freeing the Dinar from the Official Rate: Obstacles and Solutions
• India’s Supreme Court upholds legality of 2016 demonetization

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© GCR Real-Time News

Good inflation gone down BY NADER FROM MID EAST

Al-Badri: America is waving the economic card to ensure that its interests are served in Iraq, 22 JAN

 Al-Badri: America is waving the economic card to ensure that its interests are served in Iraq

Information / Baghdad…
Political analyst Saeed Al-Badri said on Sunday that Washington often waves the economic card against Baghdad in order to ensure the implementation of its agendas and the continued presence of its forces in Iraqi territory for as long as possible.

Al-Badri said in a statement to Al-Maalouma, “America is a country that cannot be trusted after the crimes and massacres committed by its forces in Iraq and the support it provided to the terrorist ISIS, in addition to the fact that it is still manipulating the economy, the dollar currency, and Iraq’s funds.”

He added, “America, under the pretext of protecting Iraqi funds, is working to ensure Iraq’s continuation within Chapter Seven, and therefore Iraqi balances will remain hostage to the American administration, and the Federal Bank and the Treasury Department will manipulate and control them.”

He stated, “America always threatens to impose economic sanctions and disrupt the course of the Iraqi government, by manipulating the dollar currency and exchange rates, and preventing the government from contracting for advanced armament that guarantees sovereignty on land, air, and sea.”

almaalomah.me

"THIS IS GOING TO BE THE BIGGEST WEEK IN THE HISTORY" BY WOLVERINE, 22 JAN

 Bearded PatriotUSA

Telegram post
1/21/24

Forwarded from Wolverine:

This is going to be the biggest week in the history of mankind. Please make sure you have enough water and food cans. 

We are finally going to be free.

Thank God every day for you being awake and being chosen.

I can’t tell you just how emotional I am at the moment.

Thank you for all the support you have all given me through out all these years 

God bless you all 

Wolverine

https://t.me/Bearded_PatriotsUSA/13420

=======================================

Bearded PatriotUSA
Telegram post
1/21/24

Forwarded from Wolverine:

Really emotional times are coming guys.

Put on your seatbelts as will be going warp speed very soon.

https://t.me/Bearded_PatriotsUSA/13475

Iraqi Dinar update for 01/21/24 - We don't want Iraq to decrease the val...BY PIMPY

"RV UPDATE" BY WOLVERINE, 22 JAN

 WOLVERINE

• Sat. 20 Jan. Wolverine: 
• “Ok guys this is what it is at the moment. Charlie has been told to remain silent which is a good sign. Mauricio is under NDA. D1 has been released fully. D2 we have not received confirmation if it has been finished yet as it’s huge. Basel III gets finalized on 23rd January and it’s going to be huge.

• Hi guys,
  I heard that no one heard my video. Mmm you might need my hearing aids
  Ok guys this is what it is at the moment 
  Charlie has been told to remain silent which is a good sign
  Mauricio is under NDA
  D1 has been released fully 
  D2 we have not received confirmation if it has been finished yet as it’s huge.
  Basel 3 gets finalised on 
  23rd January and it’s going to be huge 
  Nesara I was told on this Sunday.

  Things are definitely happening and it’s not BS. 
  Please have faith and stay close to God that this is definitely coming.

  God bless you all 
  
  Wolverine

  https://t.me/Bearded_PatriotsUSA/13362

  https://dinarevaluation.blogspot.com/2024/01/rv-update-by-wolverine-22-jan.html
  

  INTEL ONLY
  
  *WHERE ARE WE NOW*
  
  Iraq – we heard from our source – in Iraq that not only do we have an Intl and In-country rate but we also have Iraq trading that rate internationally about when markets close tomorrow Friday about 5  – 6 pm and we should see it in the US  – if you are able to see the bank screens for trading and we know it’s still really strong and way above the Intl and In-Country and that’s just a benefit we have at the RC – so that is really cool.

  Bond Holders they have been waiting just like us and they should receive something Saturday should receive access to funds  – so in about 48 hours time so Bond Holders can see what is in their accounts and they’ll be able to get access to 10% so that’s great news for them.

  And today from 11am to 2:15 a final CC all the information and protocols that the RC needed to have a call that answered questions  from Treasury and WF to RC around the US  – so we have over 11,000/12,000 around the US they are everywhere and they said it was the last email and last CC to have and that’s positive.   That’s a long call  – last minutes updates today.

  https://t.me/TruthWarriorsUnited/170255

  https://dinarchronicles.com/2024/01/19/all-documents-signed-rv-gcr-updates-from-wolverine-via-truth-warriors-1-18-24/

  https://dinarevaluation.blogspot.com/2024/01/rv-update-from-woverine-via.html