Parliament or government? Who is responsible for amending the 2024 budget law?, 15 FEB

 Parliament or government? Who is responsible for amending the 2024 budget law?

Economy News - Baghdad

Today, Thursday, the Finance Committee clarified the powers of the federal government and the role of the House of Representatives in the current year's budget.

A member of the parliamentary finance committee, Mustafa al-Karawi, said in an interview with "Economy News" that "amending the federal budget law or not is related to the government and the extent of its need to make amendments to some sections and items according to the need and requirements."

He added that "the House of Representatives obligated the Council of Ministers, in accordance with Article 77 II of the Constitution, to send tables related to its forecasts of revenues and the actual volume of spending for 2024, while the rest of the budget items are supposed to be in force."

"If the government requests the amendment of some items, the House of Representatives will discuss them and work to reformulate them in a way that suits the government program and the requirements of the Council," the finance committee member said.

"CURRENCY EXCHANGE & WHAT TO EXPECT" BY ARIEL, 15 FEB

 Ariel

@Prolotario1

JP Morgan Chase: Currency Exchange and What to Expect

No exchange fees.

No spread fees.

Two forms of ID.

Receipt for currency.

Not accepting Saddam notes.

On site authentication.

Meet with branch manager 1st.

Bring 2 bill payments.

Set up second appointment.

Iranian Rial is currently the only currency on the OFAC list.

Forex Rate vs Bank Screen Rate may differ.

Unlimited Exchange of Currency. No Caps on amount.

This is coming directly from JP Morgan Chase branch manager.

Do not deal with any teller. Go directly to the manager. Do not allow anyone to tell you otherwise unless they work in the bank. Gurus are not exchanging your currency. You are.

So stop taking their words as the final say on something that doesn’t involve their opinions as to how this process will go.

You need to touch grass and walk into the banks. Stop trying to take shortcuts and wait to see what your favorite guru has to say.

Talk directly with the bank from this point forward on everything regarding your currency.

Why? Because that is the bank that will need your reserves, deposit, and capital to function in the future. Not the other way around.

Calling for the end of sections BY NADER FROM MID EAST

Al-Sudani leaves Baghdad for the Netherlands on an official visit, 15 FEB

 Al-Sudani leaves Baghdad for the Netherlands on an official visit

Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani left the capital, Baghdad, heading to the Netherlands on an official visit. 

A statement issued by the Prime Minister’s Media Office, received by Mawazine News, stated that “Prime Minister Muhammad Shiaa Al-Sudani left the capital, Baghdad, heading to the Netherlands.” 

He pointed out that "the visit came after an official invitation from the Dutch side."  link

"RV UPDATE" BY NADER FROM MID EAST, (ENGLISH AND SPANISH), 15 FEB

Interesting information.!!! 

DINAR REVALUATION 

Monday, February 12, 2024 

"VR UPDATE" BY NADER FROM THE MIDDLE EAST, FEBRUARY 12 

Nader of the Middle East This is what I can tell you. When the dinar changes, everyone will know. Everybody in the whole world, everybody knows it. It will be all over the news. When Iraq is sovereign again, when someone declares the end of the war and all that, that's what's going to happen... Many people compare Iraq to Kuwait. Kuwait has only 4,400,000 inhabitants...

 they have 104 billion barrels of oil. Iraq has 140 billion barrels of oil, with only 4 or 5 manufacturers. The others still don't work. By 2025, Iraq will have almost 300 billion barrels of oil... 

Algeria is big and has many assets, but it has many fewer than Iraq and its dinar is stronger than the Iraqi dinar. If you look at Tunisian dinars, Tunisia has nothing... and their dinars are 3 to 1: three dinars for 1 dollar. My point is that these people have nothing. A revolution is coming out. They are a disaster. It's completely a disaster.

 They lost a lot. The private sector is a disaster and its [its dinar] is still strong. Iraq, this rate is still a punishment rate... They have to reevaluate it. If they revalue they will revalue it 1 to 1. We are coming out of the war. We are coming out of the worst of our lives. We started walking... We started growing... It almost collapsed, but it didn't collapse. 

It remained and remained stable... The only thing that destabilizes Iraq's economy is the war... Iraq is a very strong country... In a couple of years Iraq will be one of the strongest countries in the world. world... Iraq is very strong. Iraq survived the worst of its life. We survived 3 or 4 wars in the last 50 years. We survived and each time we came back and came back strong.

 This time we are going to come back very strong... The Iraqi economy will never collapse on its own. The Iraqi economy is always stable unless someone else shuts it down for them. 

Iraq's economy is one of the best economies in the world and will again be the best economy in the world. The negative things about Iraq will never be revalued, it's a scam, all that is nonsense. Iraq is going to come back someday and it will come back soon.

TRANSLATION SPANISH: 

REVALUACIÓN DEL DINAR

lunes, 12 de febrero de 2024

"ACTUALIZACIÓN DE RV" POR NADER DESDE MEDIO ORIENTE, 12 DE FEBRERO

Nader del Medio Oriente

Esto es lo que puedo decirte. Cuando el dinar cambie, todo el mundo lo sabrá. Todo el mundo en todo el mundo, todo el mundo lo sabe. Estará en todas las noticias. Cuando Irak vuelva a ser soberano, cuando alguien declare el fin de la guerra y todo eso, eso es lo que va a pasar...

Mucha gente compara a Irak con Kuwait. Kuwait tiene sólo 4.400.000 habitantes... tienen 104 mil millones de barriles de petróleo. Iraq tiene 140 mil millones de barriles de petróleo, sólo con 4 o 5 fabricantes. Los demás aún no funcionan. De aquí al 2025, Iraq tendrá casi 300 mil millones de barriles de petróleo...

Argelia es grande y tiene muchos activos, pero tiene muchos menos que Iraq y su dinar es más fuerte que el dinar iraquí. Si nos fijamos en los dinares tunecinos, Túnez no tiene nada... y sus dinares son 3 a 1: tres dinares por 1 dólar. Mi punto es que esta gente no tiene nada. Están saliendo una revolución. Son un desastre. Es completamente un desastre. Perdieron mucho. El sector privado es un desastre y su [su dinar] sigue siendo fuerte. Iraq, esta tasa sigue siendo una tasa de castigo... Tienen que revaluarla. Si se revalorizan lo van a revalorizar 1 a 1.

Estamos saliendo de la guerra. Estamos saliendo de lo peor de nuestra vida. Empezamos a caminar... Empezamos a crecer... Casi se derrumbó, pero no se derrumbó. Se mantuvo y se mantuvo estable... Lo único que desestabiliza la economía de Irak es la guerra... Irak es un país muy fuerte... En un par de años Irak será uno de los países más fuertes del mundo. mundo... Irak es muy fuerte.

Irak sobrevivió a lo peor de su vida. Sobrevivimos a 3 o 4 guerras en los últimos 50 años. Sobrevivimos y cada vez volvimos y volvimos fuertes. Esta vez vamos a volver muy fuertes... La economía iraquí nunca colapsará por sí sola. La economía iraquí siempre es estable a menos que alguien más la desactive por ellos. La economía de Irak es una de las mejores economías del mundo y volverá a ser la mejor economía del mundo. Las cosas negativas de Irak nunca se revalorizarán, es una estafa, todo eso es una tontería. Irak va a regresar algún día y regresará pronto.

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"BANK STORY " BY FROG VIA BEARDED PATRIOTUSA, 15 FEB

 FROG

Today I decided that I was going to go to several banks just to verify what we have all been hearing.  So I went to the first bank it was Wells Fargo.  

The manager told me that she has been with the bank for 17yrs, I kid you not, she said 17yrs and she has heard about the Iraqi Dinar the whole time she has worked there and she thinks it's a scam.  At that moment I decided that was not the bank for me so I thanked her and left.  

Next I went to a 2nd bank, another Wells Fargo.  They told me that they do Foreign Currency Exchanges but not the Iraqi Dinar and probably never will exchange the dinar. 

At that moment I decided that was not the bank for me so I thanked him and left. 

My 3rd stop was Chase Bank. 

A man from one of the cubicles approached me and asked if he could help.  I said I would like to speak with the manager.  He said she is in a meeting but I could wait for 5-10 minutes and she will be available.  He said while your waiting is there something I can help you with.  I said it's about foreign currency so I would prefer to talk to the manager. 

He said come with me I can get you going in the right direction.  I said have you heard about the revaluation of the currency. 

He said YES i have. I said do you believe it is going to happen so. 

He said, yes I do.  I asked if they exchange at the branch or send it out.  He said we do everything at this branch. 

I asked if they  exchange Iraqi Dinar, he said not at the moment but we have some customers like you.  I said OK what does that mean. 

He said how much do you have and I said I am not comfortable sharing that information.  He said not a problem is it over 100,000 because if it is I will schedule you an appointment with an advisor and someone else (I forget the title of the 2nd person). 

If it's below 100,000 it would be with someone different. 

I have an appointment with 2 people tomorrow (not to exchange) but meet with them. 

He said get all your questions and information together for your meeting.  I thanked him and left feeling much better that the information we are being told is really happening.