Al-Sulaymaniya Employees Strike Over Salary Delays, Impacting Services and CBI's Localization Plan, 18 MARCH

 Al-Sulaymaniya Employees Strike Over Salary Delays, Impacting Services and CBI's Localization Plan

Employees across several departments in al-Sulaymaniya, including traffic, notary, and electricity, have commenced a boycott of official duties, spotlighting ongoing salary delays and igniting a discourse on financial autonomy and government accountability within the Kurdistan Regional Government (KRG). This action has not only disrupted essential services but also underscored the challenges in implementing the Central Bank of Iraq's (CBI) 'My Account' project aimed at salary localization.

Boycott Sparks Service Disruption

The sudden strike by public service employees in al-Sulaymaniya emerges from prolonged frustrations over delayed salary payments. The Kurdistan Regional Government's refusal to distribute salaries, citing a budgetary deficit, has led to significant disruptions in daily transactions and services, affecting countless citizens. The strike action has amplified calls for an immediate resolution, with affected employees demanding the implementation of the CBI-supervised 'My Account' project for direct salary payments.

Financial Autonomy at Stake

The 'My Account' project represents a pivotal move towards financial autonomy for the KRG employees, promising a more direct and transparent salary distribution mechanism. However, the Ministry of Finance has issued a stark warning, stating that no funding would be allocated for March 2024 salaries unless the KRG complies with the localization requirements. This ultimatum places additional pressure on the KRG to expedite the implementation process, amidst growing discontent among its workforce.

Implications for KRG and CBI Relations

The ongoing strike and the controversy surrounding the 'My Account' project have broader implications for the relationship between the KRG and the CBI. As the deadlock continues, the potential for a financial crisis looms, threatening to deepen the economic disparities within the region. The situation calls for immediate dialogue and cooperation between the KRG, affected employees, and the CBI to forge a sustainable resolution that safeguards the financial welfare of the workforce while ensuring the continuity of essential public services.

The standoff in al-Sulaymaniya serves as a critical juncture for the KRG, challenging its administrative efficacy and commitment to employee welfare. As discussions evolve, the outcome of this confrontation will likely have lasting repercussions on the region's financial policies and governance structures, underscoring the need for a balanced approach that aligns the interests of the government, its employees, and the broader public.

"RV UPDATE" BY MNT GOAT, 17 MARCH

  Mnt Goat 

 I have to say that the CBI cannot turn back from all the progress already made. Also remember that the citizens of Iraq are reading all these articles too about increasing the value of the dinar and so it is way beyond the point of returning to the same old, same old...Remember two things if nothing else:  1. It’s not IF but WHEN this event is going to happen and;  2. It has to happen and soon.

  ...the Chairman of the Finance Committee stressed, and I quote:   “the importance of following up on the economic file and monetary policy, based on the supervisory aspect, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”  

 What they are basically telling the CBI is to follow up and move more aggressively on this issue of increasing the value of the dinar...I believe there is enormous pressure to get the dinar revalued and conduct the 3 zero note changeout (The Project to Delete the Zeros.

There are many who want to force the reinstatement which is like me telling you that on March 19th (first day of Spring) suddenly overnight everything will change and wamoo we will have spring.

 But we all know it doesn’t work this way and so we must make this logical analogy / comparison to our investment the RV. Just like mother nature has a plan for spring the CBI too has a plan and it takes time to execute it

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-mnt-goat-17-march.html

Iraqi Dinar✅CBI Announced On TV📺 New Currency Printed And Exchange Rate💱...

"THE ONLY SOLUTION IS A NEW EXCHANGE RATE WITH LOWER NOTES... AND THAT'S EXACTLY WHAT SUDANI & ALAQ ARE SAYING TO THE CITIZENS OF IRAQ!!! BY FRANK26, 18 MARCH

 KTFA:

Frank26:  "THE ONLY SOLUTION IS A NEW EXCHANGE RATE WITH LOWER NOTES... AND THAT'S EXACTLY WHAT SUDANI & ALAQ ARE SAYING TO THE CITIZENS OF IRAQ!!!".........F26

An economist identifies the "ideal solution" to reduce the dollar difference between the official and the parallel

 3/15/2024

The economic expert, Bassem Jamil Antoine, identified today, Thursday, the “ideal solution” to reduce the dollar difference between the official and parallel ones.

Antoine told {Al-Furat News} that: “There is clear stability in the dollar exchange rates, and the difference between the parallel and official rates does not decrease easily.”

He stressed "the need to establish quick, firm and convincing measures."
Antoine stated, "Reviving the spirit of support between merchants and citizens and providing goods in the country from the public sector is the ideal solution to reduce the difference between the official and parallel prices."

From: Raghad Dahham    LINK

"RV UPDATE" BY PIMPY, 17 MARCH

 Pimpy 

If you go to 1.32, it actually comes out to $0.76. So if I take my 5 million dinars times $0.76 oh yeah!  $3.8 million, we'll take it!  But...if this is moving the decimal place over 3 positions coming out to 1.320 for every US dollar...they need to change their currency...That's the deletion of the zeros.  Your 25,000 dinar becomes 25 dinar. 

 So if I take my 5 million and remove the three zeros and multiply $0.76 - 5,000 dinars x $.76 = $3,800.   Yeah, that's what it comes down to...When Al-Sudani was talking about he would love to have an exchange rate of 1.32...he was talking about the deletion of the zeros.  I said that's what we need to avoid...You do not want the deletion of the zeros but it looks now like it's inevitable

 People always think I'm being negative about the Iraqi dinar.  I'm not.  I'm trying to make sure people are grounded...I tell you guys this is what we need to look for, this is what we need to deal with and  we don't want the deletion of the zeros.  We do want the Iraqi dinar to continue to increase in value without deleting the zeros.  That's how you're going to make your money.

(URGENT UPDATE) 1ST WEEKEND ELIGIBLE TO RV!

Technical committees work.. Iraq reveals developments in resuming oil exports through Türkiye, 17 MARCH

Technical committees work.. Iraq reveals developments in resuming oil exports through Türkiye

On Saturday, the Iraqi Service of Oil uncovered the most recent improvements in crafted by the specialized panels among Baghdad and Erbil to take care of the issue of sending out oil from the fields of the Kurdistan Locale, through the Turkish port of Ceyhan.

The Service’s representative, Asim Jihad, told , “Specialized boards of trustees are working among Baghdad and Erbil to finish a last and straightforward understanding between the two gatherings that closes the current disagreements regarding the product of oil from the Kurdistan District after it halted.”

Jihad added that these boards “examine send out systems and what is connected with them, and there are matters connected with the monetary contribution that outcome from oil deals, as well as the privileges of oil organizations that have marked association contracts with the provincial government, and with the goal of these issues and agreeing, oil commodities will continue.” “.

He proceeded: ” It is easy to agree with the Turkish side to continue oil sends out, as we talked with the Turkish side in such manner and their reaction was that the lines are prepared,” adding: ” The Service of Oil attempted to fix the Kirkuk-Ceyhan field line, so it would be prepared for send out, yet Continuing siphoning is connected to not set in stone by the service collaborating with oil organizations.”

Concerning creation in the Kurdistan District, Government Oil Clergyman Hayan Abdul Ghani expressed that there are discussions with organizations presently working in the locale since they went into contracts with the Kurdistan District based on association, while the Iraqi constitution forbids organization in the fields and we are currently changing these agreements to partake in benefits and not In resources and creation.

Turkey halted oil sends out adding up to 450,000 barrels each day from the Kurdistan District, through the Ceyhan line, last Walk, after the Global Office of Trade requested Turkey to pay to Baghdad for harm it experienced the territorial government’s product of oil without the authorization of the central government somewhere in the range of 2014 and 2018.