Parliamentary Finance: The 2024 budget will take into account two important files, 23 JAN

 Parliamentary Finance: The 2024 budget will take into account two important files

Information / Baghdad….
The Parliamentary Finance Committee confirmed, on Monday, that the amendments that will be made by the government to the 2024 budget schedules will include several paragraphs, the first of which is an increase in the ration and social welfare allocations.
Member of the Finance Committee, Representative Moeen Al-Kadhimi, said in a statement to Al-Ma’louma, “The Finance Committee met yesterday, Sunday, with the Minister of Finance, in which many topics were discussed related to the changes that will occur in the 2024 budget schedules.”
He added, “The most important variables are an increase in the allocations for rations, social welfare, and allocations for the purchase of rice and wheat crops from farmers, in addition to an increase in allocations related to the electricity sector and the cost 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.”
On June 12, 2023, after long deliberations between the government and parliament members that extended for months, the House of Representatives approved the financial budget law for the three years 2023, 2024, and 2025, as the budget approved more expenditures and investments as a direct result of the increase in oil revenues, which constitute 90% of the country’s revenues.

almaalomah.me

"RV UPDATE" BY MILITIAMAN, 23 JAN

   Militia Man  

The whole thing is basically doing what?  Restoring confidence, engaging the private sector.  Iraq's going to be going international.  What we expect to see is that Iraq has an IMF article VIII compliant currency that has a Real Effective Exchange Rate (REER) that supports the value of the currency and does restore that confidence...Is 1310 exchange rate going to restore confidence? ...In my belief absolutely not.

  It's absolutely a fact Iraq is taking about the WTO.  They're taking it serous.  Saudi Arabia being one of the main focus points in the region are giving utmost support...They said there's no political boundaries anymore.  They've completed everything they need to do to get in.  I think it's awesome.  I think it's great. 

 Al-Sudani, Central Bank of Iraq, the whole country is going to bring confidence to the International financial system and they also stated the largest banks in the world...who's there [in Davos] is involved, JP Morgan Chase and all the bigger banks.

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

A parliamentary committee explains the main reason behind obstructing the oil and gas law, 23 JAN

A parliamentary committee explains the main reason behind obstructing the oil and gas law

Information / Baghdad…
On Monday, member of the Parliamentary Oil and Natural Resources Committee, Kazem Al-Touki, explained the main reason behind obstructing the passage and resolution of the oil and gas law, pointing out that the approval of the law will be delayed until the controversial issues between Baghdad and Erbil regarding the law are resolved.

Al-Touki told Al-Maalouma, “Despite the government’s moves and the continued work of the technical and negotiating committees formed regarding the oil and gas law last year, the law has not yet seen the light.”

He added, “The Oil and Gas Committee was moving towards the heads of the political blocs in order to ensure that the aforementioned law is resolved and delivered to Parliament for legislation before the recess of the Council’s last legislative term.”

He stated, “There is a stalemate regarding the oil and gas law, as the Kurds have obstructed the resolution of the law after the problems they raised regarding Article 140 and the disputed areas. In the end, the law will be delayed until a consensus is reached between the political parties regarding its passage.”

almaalomah.me

"RV UPDATE" BY FRANK26, 23 JAN

 Frank26  

 For any Iraqi that lives outside of Iraq they will take advantage and exchange their 3-zero notes for American dollars.  The monetary reform is getting louder and louder everyday and very direct.  There is no confusion.  There's no need to wonder when it's going to happen because they're telling you it's happening.  IMO the lower denoms, new exchange rate and the float in the basket is the next phase of your monetary reform...Prime Minister Sudani is bragging about it right now...

Article "The International Monetary Fund welcomes Iraq's accession to a program that supports economic reforms "

  All I could say was Holy cow!  That's huge.  The IMF, remember who they are.  They are the one who give Iraq/CBI permission to raise or lower the value of their currency, to print or to destroy currency.  Everything they do in their banking structure is governed by the IMF...This is the announcement by the IMF that Iraq is international.  

Iraqi dinar will be back to $3.26 🔥?

Al-Rafidain launches the third issue of reconstruction bonds… available in two categories, 23 JAN

 Al-Rafidain launches the third issue of reconstruction bonds… available in two categories, 23 JAN

Baghdad – 964
On Monday, Rafidain Bank announced the issuance of the third issue of reconstruction bonds, while indicating that it will be in the form of two categories, a 500 thousand dinar bond and a million dinar bond.

A statement from the bank, a copy of which was received by the 964 Network:
In a step to enhance the investment aspect and in line with the directives of the Ministry of Finance.

Rafidain Bank announces the offering of the third issuance (reconstruction bonds) for sale to citizens until January 30, 2024. With the same mechanism previous to the first and second issues.

It will be available in two categories:

– A bond of 500,000 dinars with an annual interest rate of 6 percent, paid every six months for a period of two years.

– A 1,000,000 dinar bond with an annual interest rate of 8 percent, paid every six months for a period of four years.

The bank confirmed that the person wishing to purchase the bonds must submit a direct request to the bank, accompanied by the original identification documents, explaining that the buyer will be given a receipt by the bank in exchange for the amount he paid to purchase the bond. The buyer will keep this receipt until the bond is prepared, and the buyer will bring the aforementioned receipt to The bank to receive the bond after preparing it.

He stated that the trading of bonds takes place in the stock market, buying and selling, in addition to that, the statute of limitations for the bond is 10 years after maturity, and then it is transferred to the Ministry of Finance, pointing out that the purchase and trading of the bonds offered (Emaar bonds) are exempt from taxes, according to what is stated in the Federal Budget Law No. 13 of 2023.

964media.com