Article quote: "...the prime minister's...advisors do not have any information regarding the amount of the read and expected deficit in the 2024 budget. This mater is completely closed until the moment exclusively with the Ministry of Finance."
Parts of the government do not know yet what is coming.
Why?
Because they don't have a need to know...
Article quote: "...no one know what they include... numbers and details. "
No one knows until the last moment.
Why?
Because they need to keep it tight to the chest.
Iraq's natural resources to stimulate growth is off the charts. They're right there underneath just a few countries... United States, Saudi Arabia...When it comes to valuation they're going to have to value the currency at some point in time to a Real Effective Exchange Rate (REER)...
Iraqi PM: Iraq adopts balanced approach, steers clear of alliances and axes
Shafaq News/ On Sunday, Iraqi Prime Minister Mohammed Shia Al-Sudani affirmed that Iraq follows a "balanced approach and avoids alliances and axes" in its foreign relations.
Speaking during a symposium held by the Baghdad Institute for Dialogue, under the slogan (Regional Communication... The Centrality of Iraq), Al-Sudani said that the government has set a primary goal of "building trust with the Iraqi street, which is the criterion for determining priorities in work."
On the security file, the Prime Minister affirmed that "ISIS today represents a defeated organization, as recent operations by our armed forces have proven its inability to even exist in remote areas. The achievement of stability and the development of our forces' capabilities bolster the conviction in the possibility of ending the presence of the Global Coalition and moving towards bilateral relations."
Notably, Iraq declared victory over ISIS in 2017. Still the Global Coalition forces led by the United States are in Iraq at the request of the Iraqi government only for training and advisory issues.
But, after the last US attacks on the Popular Mobilization Forces, killing members of Harakat Al-Nujabaa and others, Iraqi officials stressed the necessity to end this presence under the Iraqi Parliament non-binding resolution submitted in January 2020.
Regarding Iraq's foreign relations, Al-Sudani clarified that Iraq adopts a" balanced approach, steering clear of alliances and axes, and is open to advanced ties with everyone." He highlighted Iraq's "ability to communicate with others and its distinguished relations with the United States and Iran."
Notably, Iraq relies on Iran in many economic fields, including Power supply, and on the US in providing oil revenues; therefore, the country is trying to be a bridge to enhance the relations for its own benefit.
During the Symposium, Al-Sudani reiterated Baghdad's rejection of being used as a "battleground for others' conflicts," emphasizing the importance of intertwining regional interests and shifting focus from politics to economy.
Concerning the economic progress in the country, Al-Sudani stated that "major strategic projects, such as the Development Road project, will attract partnership and economic integration, enhancing Iraq's idea of proposing an economic bloc, as previously suggested at the Arab Summit to fuel development and reinforce integration among Arab countries."
The Development Road Project is a $17 billion infrastructure initiative in Iraq. Its core objective is to establish a seamless motorway and rail network connecting the southern port city of Basra to the Turkish border. This ambitious project will also integrate with existing road and rail networks, ultimately establishing a crucial link between Asia and Europe.
One of my three redemption center contacts have not been called into work…but they said there is always a possibility. They are being told to prepare for a possibly very busy week this week. They have warned them of that 2 or 3 times in the past…but they did give them a heads up that there is a potential of this week for them to be working some major overtime. The banks are stuck in the position of having to be prepared to go at any moment for when that trigger is pulled. So they are prepared for a potentially very busy work week.
Plenty of RV rumors running around today about Reno and Europe that we could get an announcement today. But, I think it could be a bit premature...But there are a ton of bankers and group leaders that swear I will be proven wrong and they will get notices today. ..
.I can tell you the chatter is off the hook...We have certainly heard this before but have never been in this same spot where this many things are completed… which does make hearing this something we need to pay attention too. Just stay grounded and calm today as we wait to find out.
The Iraqi Foreign Ministry revealed the date of closing the work of the United Nations investigation team to promote accountability for crimes committed by ISIS (UNITAD) in Iraq.
A statement from the Foreign Office said a copy of it that “the temporary Chargé d’affaires of the Permanent Representative of the Republic of Iraq to the United Nations in New York, Abbas Kazem Obaid, met with Miguel de Serpa Soares, United Nations Under-Secretary-General for Legal Affairs, and during the meeting, Iraq’s relations with the United Nations and its organs and programs, the legal mechanisms followed up in the United Nations, the contents of international resolutions, aspects of their implementation and follow-up.” The statement added, “The arrangements related to the {UNITAD} working team and the mechanism for implementing Security Council resolution No. 2679 of 2023 and meeting the requirements of Iraq regarding the implementation of the team’s mandate, including the making arrangements for the completion of the stages and procedures of liquidation and closure of the team’s work in September of this year 2024,” the statement added.
[via WiserNow] This is a non taxable event. These exchanges that we're doing...they're not taxable to you...It was designed to be tax free. [Dinar Guru Note: Some gurus feel the dinar is non-taxable, others feel capital gains and still other feel it will be taxed as ordinary income. The only opinion that matters in the end is the IRS's. At the appropriate time consult your tax advisors to determine the correct tax for your unique circumstances.]
Prime minister of Iraq met with our President Trump for a couple of hours in an undisclosed location on Sunday afternoon and they were discussing the fact when Prime Minister, Sudani of Iraq was going to fly back to Iraq that afternoon...he was going to announce to the entire country of Iraq they were indeed a sovereign nation and had a sovereign currency - once that occurred...we would have simultaneous announcement here...
not quite sure who was going make it but was to be made to banks and to our redemption centers, and other institutions - with other officials dealing with currency exchanges... once those announcements were made, we felt like we were good to go and get ready to get started...
...we haven't started yet. But we know that we've checked with certain banks...like Chase and Wells have the dinar, for example is one of our currencies on the front screens of the banks and ...they're rising in value.
But there the last time we checked, the bank screens rates were flashing - ...when it's flashing on and off...it means that it's not quite ready...to be exchanged...So we're waiting according to the latest information that we have from redemption centers and banks, that they're waiting for the green light to come in the form of an email from Wells Fargo, corporate New York...When that email comes in to the redemption centers, they will know that it's time to go it's time to start...we're close.