Parliamentary law: 2024 budget schedules arrive in parliament next week, 23 MARCH
A member of the parliamentary legal committee revealed that the financial budget schedules for 2024 are near to the House of Representatives.
“Information on the arrival of the 2024 budget schedules to parliament next week,” Arif Al-Hammi told Euphrat News. He pointed out that “the information indicated that the Ministry of Finance has completed the preparation of the schedules and will be sent to the Parliamentary Finance Committee and the House of Representatives during the next week.”
On March 13, the Ministry of Finance announced the completion of the data related to the 2024 budget schedules and the inclusion of the texts and their sending them to the Council of Ministers.
1310, 1460, 1182...they didn't go international with that...Why would you today at 1310? It doesn't make any sense...They had oil at $3.22 to 1 [Back in Saddam's day]...If you reinstate with oil at...$80 to $85 a barrel today ($35 to $40 a barrel back then) and they increased their production since then. Even on that one thing, lopping their currency is ludicrous. It makes no sense to anyone that does basic math.
Deleting the zeros from the notes, how are you going to do that? You're going to re-denominate the currency ...The way to re-denominate is to add value. If you don't add any value, re- denomination means those that hold currency don't gain anything. I don't think the United States Treasury...Great Britain...Canada...Australia...Coalition forces ...South Koreans came into Iraq to get completely 100% hosed with anything like that...The Project to Delete The Zeros is from the exchange rate. Then, once you delete the zeros from the exchange rate you have a 1 to 1 situation - Not value wise but it's $1 to 1 dinar. Then apply a real effective exchange rate.
Sudanese adviser reveals benefits of Iraq joining European Bank membership
Mawazine News
The Prime Minister’s Advisor for Finance, Mozhmeh Mohammed Saleh, on Friday summarized the benefits of Iraq joining the membership of the European Bank for Reconstruction and Development.
Saleh said, to the official agency of his follower / Mawazine News, that "There is a positive syndrome between building the development strategy embodied today by the government's philosophy of launching the development initiative with comprehensive sectoral economic links, which is called the project (development road), which is the corridor and strategic project that connects the European Union countries in Asia through Iraq and the Gulf maritime corridors and vice versa on the one hand
And the requirements for implementing the various stages of the development road through the role occupied by Iraq's membership in the European Bank for Reconstruction and Development on the other hand, especially in the preferences of obtaining European technology and ensuring the role of EU countries companies in implementing the development path with its joints, whether in infrastructure and projects industrial productivity and various logistics services.”
He added that "the membership provides our country with the likelihood of obtaining easy financing, technical assistance and its requirements Europe in supporting development activity in our country in its various joints and sectors," continuing that "Iraq's accession to the membership of the European Bank for Reconstruction and Development represents a broad view that carries strategic dimensions in the cohesion of the climate of economic development in Iraq and in accordance with the requirements of the government program and the national development plan 2024-2028, while embodying the needs of our country for the sustainability of international cooperation in reconstruction, development and sustainable development in the long term."
I believe, God willing, everything is coming to a culmination, to an apex. That's why so many things, electronic payment system, WTO, Chase [bank] talking...All of these things are for a very good reason and that is we are all going to be exchanging soon.
There is NO LOP happening and the 1.32 Dinar to $1 USD is in country as the FOREX numbers will be far more attractive.
On the issue of Old Notes (circulated) versus New Notes (uncirculated) I can tell you this. The "Oil for Dinar" program is very real and those are called Private Placements. They require ONLY uncirculated notes to participate.
Otherwise, if you aren't in such a Private Placement exchange then it doesn't matter at all. Also, new uncirculated notes of certain serial numbers are going to be used as Bonds. The new Dinar have all the info needed to be used as bonds and it was planned this way before the new notes were printed . They will be used on the unregulated trading platforms in Shanghai as part of certain trading packages.
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[Reply to Guru Frank26's Dinar on Forex post 3-5-2024 below]
There is no such thing. A) The rule of One Price and B) There is no back side or private side to FOREX...With that being said: There are platforms in Shanghai and Singapore that are totally unregulated.
It is the wild west of commodity trading and they create investment packages where they bundle up packages containing many different speculative investments into a bundle and trade those. But that isn't happening now either though it was a thing with the IQD several years ago but not now..
Today, Thursday, a member of the House of Representatives, Muhammad Saadoun, revealed a government move to lift the sanctions imposed on Iraqi banks by the US Federal Reserve, while confirming that the joint committees have made great progress in the ongoing negotiations on many files.
In an interview with the Maalouma Agency, Saadoun said, “The file of removing American combat forces is the first file in the negotiations,” noting “the necessity of giving the government a full opportunity in the negotiations with Washington.”
He continued, "The files being discussed now are not limited to combat forces only, but also include the economic and political aspects," pointing out that "the government's efforts have begun to lift the sanctions imposed on banks."
Saadoun concluded his speech: “The removal of American combat forces has reached advanced stages in terms of setting the timetable and other points,” indicating that “the joint committees have made great strides in the ongoing negotiations on many files.”
The US Treasury Department had imposed sanctions yesterday. On 14 Iraqi banks in order to remove them from the currency auction platform at the Central Bank, and this is what many consider to be a purely political decision to bring the dollar crisis back to the forefront again. link
