"Let’s show WTO is alive': UAE foreign trade minister says conference can be 'launch pad' for global trade"
The World Trade Organization is discussing with several countries how they are reforming the standards and percentages of trade opportunities among countries from around the Globe.
Focus is on leveling the playing field among some of the smaller countries giving them equal foothold and standing on the world stage.
Offering more Trade Networks for countries will give each country the ability to grow in bilateral trade relationships that will increase the need for their goods and services not seen before.
New demands on local currencies instead of the use of the dollar will provide greater purchasing power for these countries in process of Ascension into the WTO this week, of which, Iraq is one of them.
Finance announces the imminent sending of the 2024 budget schedules to Parliament and pledges the release of Kurdistan salaries on one condition
02-27-2024 By Sotaliraq Finance Minister Taif Sami announced on Monday that the 2024 budget schedules will soon be sent to Parliament. This came while hosting Sami in the Finance Committee.
The minister stated that “employees’ salaries for the year 2024 are fully insured,” noting that “the release of employees’ salaries in the Kurdistan Region during the current month is subject to submitting lists of names, and we have stipulated nationalization to disburse them during the coming months.”
She continued, “We have begun launching financing for the operational budget,” adding, “Soon we will send the 2024 budget schedules to the Council of Ministers for approval and sending them to Parliament.”
For his part, Member of the Parliamentary Finance Committee, Mustafa Sanad, said, “The Parliamentary Finance Committee hosted Finance Minister Taif Sami to discuss a number of topics, including financing the operational budget for the year 2024.”
Sanad explained, “The Minister informed the members of the committee that there is no interruption in funding the budget regarding operations and salaries of employees.”
Sanad continued, “With regard to the salaries of employees in the Kurdistan Region, and after the Federal Court’s decision, this month’s salaries will be financed in the usual manner in place through direct transfers. As for March salaries, the salaries of the region’s employees will be financed through the localization of salaries.”
He concluded by saying, “Funding the salaries of employees in the region will be through the governorates, meaning that the governorate that submits its data directly before the other will localize the salaries of its employees faster.”
Yesterday, Sunday, the Finance Committee in the Iraqi Parliament revealed that it will host the Minister of Finance tomorrow, Monday, to discuss the localization of the salaries of Kurdistan Region employees and the delay in distributing salaries throughout the country.
This comes after the Iraqi Ministry of Finance confirmed that it has taken measures and procedures to secure salary funding on an ongoing basis according to the 2024-2025 budget, denying at the same time political statements that indicated the lack of “financial liquidity.”
It is noteworthy that the Federal Supreme Court (the highest judicial authority in Iraq) decided, on February 21, to oblige the Federal Prime Minister and the Prime Minister of the Kurdistan Regional Government to settle the salaries of employees and workers in the public sector in the region with federal banks.
The court also decided to oblige the submission of the monthly budget for the region’s employees to the Federal Ministry of Finance, while requiring the region’s Council of Ministers to hand over all oil and non-oil revenues to the federal government.
The ruling stressed that the decision to localize the salaries of the region’s employees is final and binding.
“There is radio and TV communication, the latter being more limited about the possible revaluation of our DINAR currency between Thursday, February 29 and Friday March 1, 2024. It is speculative but the media Baghdad Communication is reporting it.”
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Sunday February 25, 2024
Frank26: He says
The Minister of Commerce of the GOI (Government of Iraq) and the CBI (Central Bank of Iraq) have formed a committee to review the prices of
Estate. Eliminate black markets.
Walking Stick has said that when you see the price change, it's time to get excited!
That's upon us now. This is the precursor of the new exchange rate!
Frank26 continues... 3 year budget recalculation/cancellation along with this due to new tariff coming
Today the HCL (Hydrocarbon Laws) are being finalized in Parliament
* Sudan at the grand opening of a refinery.
* CBI on government television saying there are no liquidity problems.
* 92% of all higher denomination dinars have been deposited/traded in preparation for using debit cards and new lower denominations.
* New travel mechanism coming soon ONLY to obtain US Dollars. There are restrictions on US dollars for citizens to use only dinars.
*IQD (Iraqi Dinar) has no restrictions.
* Iraq invests in the petrochemical industry as a leader.
* Al Sudani gave an encouraging speech in which he put economic and banking reforms as one of his top priorities.
* Big dispute in the plenary session of Parliament over the HCL law. You are well prepared to receive the new exchange rate
Frank says don't worry about it.
* All government services will be paid electronically in 2024. It is impossible to have a liquidity problem
* CBI goes from company to company... door to door collecting US dollars to get them off the streets.
* Monetary reform is done first to ensure that economic reforms work.
* The KTFA family comes to Chase and opens their accounts
* Red tape and corruption are being eliminated. Inflation will stop
* A monthly bulletin will be published with prices adjusted to address the floating due to currency changes and factors that affect prices in local markets and the mechanism that will be adopted in calculating prices. That is to say. variable due to the upcoming exchange rate and will be floating as soon as the dollar falls and the three zeros come out.
* Conclusion... Frank26 is excited... You should be too...
Greetings
Hernán Robert Hbravo
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TRANSLATION SPANISH:
Domingo 25 Febrero 2024
Frank26 : Dice
El Ministro de Comercio del GOI (Gobierno de Irak) y el CBI (Banco Central de Irak) han formado un comité para la revisión de los precios de
Bienes. Elimina los mercados negros.
Walking Stick ha dicho que cuando veas la modificación de precios, ¡es hora de emocionarse!
Eso está sobre nosotros ahora. ¡Este es el precursor del nuevo tipo de cambio!
Frank26 continúa... Recálculo/cancelación del presupuesto de 3 años junto con esto debido a la nueva tarifa que viene
Hoy se ultiman en el Parlamento las HCL (Leyes de Hidrocarburos)
* Sudán en gran inauguración de una refinería.
* CBI en la televisión del gobierno diciendo que no hay problemas de liquidez.
* El 92% de todos los dinares de denominación superior se han depositado/negociado en preparación para utilizar tarjetas de débito y nuevas denominaciones inferiores.
* Próximamente nuevo mecanismo para viajes SÓLO para obtener Dólares Estadounidenses. Existen restricciones en dólares estadounidenses para que los ciudadanos utilicen solo dinares.
* IQD (dinar iraquí) no tiene restricciones.
* Irak invierte en la industria petroquímica como líder.
* Al Sudani pronunció un discurso alentador en el que puso las reformas económicas y bancarias como una de sus principales prioridades.
* Gran disputa en el pleno del Parlamento sobre la ley HCL. Está bien preparado para recibir el nuevo tipo de cambio
Frank dice que no te preocupes por eso.
* Todos los servicios gubernamentales se pagarán electrónicamente en 2024. Es imposible tener un problema de liquidez
* CBI va de empresa en empresa... puerta a puerta recogiendo dólares estadounidenses para sacarlos de las calles.
* La reforma monetaria se hace primero para garantizar que las reformas económicas funcionen.
* La familia KTFA llega a Chase y abre sus cuentas
* Se están eliminando los trámites burocráticos y la corrupción. Se detendrá la inflación
* Se publicará un boletín mensual con precios ajustados para atender la flotación por cambios de moneda y factores que afectan los precios en los mercados locales y el mecanismo que se adoptará en el cálculo de precios. Es decir. variable por el tipo de cambio que viene y estará flotando en cuanto el dólar baje y se salgan los tres ceros.
* Conclusión... Frank26 está emocionado... Tú también deberías estarlo...
The first 02/27/2024 Baghdad: Al-Sabah Finance Minister Taif Sami said that the salaries of employees for the year 2024 are fully insured, and that the ministry has launched the operational budget, and has also conditional the release of the salaries of the region’s employees for the current month on submitting lists of their names. Sami stated, during her meeting with the Finance Committee of the House of Representatives, yesterday, Monday, that “the employees’ salaries for the year 2024 are fully insured,” stressing that “the release of the salaries of the region’s employees for the current month is subject to the submission of lists of names, and we have stipulated nationalization in order to disburse them during the coming months.”
She added, "The Ministry has begun launching funding for the operational budget," noting that "the 2024 budget schedules will soon be sent to the Council of Ministers for approval and sending them to Parliament."
For his part, Chairman of the Finance Committee, Atwan Al-Atwani, said: “It was agreed with the Minister of Finance to keep the paragraphs of the 2023 budget related to appointments and contracts active and implement them during 2024.”
The Parliamentary Finance Committee announced, earlier yesterday, Monday, the hosting of Finance Minister Taif Sami to discuss the financing file and other important files.
Meanwhile, the spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said: “Work is continuing to complete the 2024 budget schedules in coordination with the Ministries of Finance and Oil and the relevant authorities, so that they will be discussed soon by the government and then sent to the House of Representatives.”
He explained, "The budget tables include the volume of revenues for the year 2024 and the volume of expenditures in their operational and investment aspects." https://alsabaah.iq/92515-.html
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
Member: Good Evening…hope you all had a good day.
Member: Let’s hear some good news tonight !
MZ: I’m looking forward to sharing this with you guys: “For the first time in 20 years, Iraq participates in the Ministerial conference of the World Trade Organization” Including the completion of the requirements of Iraq’s ascension to the organization!! And joining the multi lateral trading system. This is a big one…Save it, and enjoy it.
Member: Iraq & Venezuela have been on the boards the last several days due to possibly joining BRIC'S
Member: Heard Zimbabwe is buying back their t notes for 40 cents each. getting them off the street
Member: Theres a rumor that Iraq to hit forex,on March 1st!!!!?
Member: Frank26 just read a bank story where the chase bank manager said they were limited to say anything until after the “event”. It’s happening
Member: Florida friend went to a Chase bank Sat & the teller showed her pictures of the dong notes on a bank screen.
Member: .Went to the bank last Friday and they are ready for the RV. Couldn’t give out much info! But the teller said people had been coming in all week, she said they were prepared for it!
Member: Any news from Sheila Mark? (Sheila is a CMKX and currency contact)
MZ: Hopefully I will have an update from her tomorrow.
Member: Nothing, Nothing, Nothing and then SUDDENLY the RV will pop
Member: Blessings headed our way very soon!
Member: Thanks to all….rest well tonight and dream of the RV.
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