Article quote: "Salih summarized on Friday the benefits of Iraq's accession to the membership of the European Bank for Reconstruction and Development." It looks like Iraq is doing everything possible to join the international financial platforms. We need to wait and see how this will affect our ability to exchange our Iraqi dinar bank notes for US dollars.
There is absolutely no law against carrying large sums of cash...You can travel with as much money as you want.
However, there is a catch. If you are entering or leaving the Untied States with more than ten thousand dollars in cash or equivalent, you are required to report it to customs and border protection.
This rule applies whether the cash is in U.S. dollars or in a foreign currency...You need to complete a "FinCen 105 form"...
What happens if you don't report more than 10 thousand dollars in cash?Failure to report can lead to seizure of the money...You may also face criminal charges...Remember these rules...it's always better to be safe than sorry.]
Iraq has completed the necessary prerequisites to join the World Trade Organization WTO. This pivotal development reported by Gulf News marks new chapter in Iraq's economic journey...
Joining the WTO is not a mere formality, it necessitates a commitment to aligning with WTO rules by enhancing private sector performance and overhauling trade policies.... Membership in the WTO is a significant milestone for any country.
Adviser to the Prime Minister: Approving the 2024 budget schedules in the House of Representatives does not hinder their implementation
{Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the House of Representatives’ approval of the financial budget schedules for the year 2024 does not hinder their implementation.
Saleh told {Al-Furat News} agency, “The federal tripartite general budget issued pursuant to Law No. 13 of 2023 differs from the annual budgets that are subject to Financial Management Law No. 6 of 2019, amended when the approval of its legislation was delayed, as the Federal Financial Management Law stipulates in one of its paragraphs, that In the event of a delay in approving the general budget law for the new fiscal year, disbursement will be made at a rate of 1/12 of the actual ongoing or current expenditures for the previous year.”
He stated, “The federal tripartite general budget issued pursuant to Law No. 13 of 2023 differs from the annual budgets that are subject to Financial Management Law No. 6 of 2019 amended when the approval of its legislation is delayed, as the Federal Financial Management Law stipulates in one of its paragraphs that in the event of a delay in approving the budget law General expenditure for the new fiscal year shall be made at a rate of 1/12 of the actual ongoing or ongoing expenses for the previous year.
Saleh explained, “Approving the general budget law for three years does not provide legal conditioning for the implementation of the effective administration law as long as the general budget has been enacted according to the law for three years. Therefore, I do not see that the financial tables prepared for approval by the House of Representatives constitute an obstacle to the progress of implementing the plan.”
Finance for the year 2024, in its operational and investment parts, and stopping the wheel of public finance, especially its investment part linked to development and economic prosperity, awaiting the approval of the amended budget schedules approved by the executive authority until it is approved by the House of Representatives, as if the matter requires new legislation that delays the purpose of adopting the three-year budget and the investment in time it entails. ". At the same time, he noted that “the tripartite budget experiment is a financial experiment taking place for the first time in our country. If its goal was and still is to stabilize the adoption and implementation of national development projects without delay related to the annual budget and its annual legislation, then the disruption of its implementation means a return to the annual budget square.”
Here, the fundamental difference must be made clear between implementing the budget that is enacted on an annual basis and the budget that is enacted on the basis of an average time frame, such as the tripartite general budget issued by Law 13 of 2023.”
Sulaymaniyah...a paralyzed life "in work and money" and 20 additional departments will join the strike tomorrow - urgent
Today, Sunday (March 24, 2024), 21 government departments went on strike due to the delay in disbursing employees’ salaries in Kurdistan for the month of February.
The streets of Sulaymaniyah witnessed a complete absence of traffic police, causing problems at a number of major intersections, especially those without a traffic light.
Tomorrow, the strike will expand to include more than 40 districts in Sulaymaniyah, Halabja, Rania, Garmian, Qalaat Diza, Sayyid Sadiq, Darbandikhan and other areas.
Dana Zangana, a member of the Protest Committee in Sulaymaniyah, said in an interview with “Baghdad Today” that, “Tomorrow, educational staff, lecturers, and employees will demonstrate, and the strike will continue, and the demonstration may turn into an open sit-in.”He added, "The demonstration aims to convey a message to the federal government that we do not want to settle our salaries except in federal banks exclusively, and we reject the My Account project affiliated with the regional government banks."
The markets of Sulaymaniyah are witnessing an unprecedented recession and a complete absence of preparations to receive the blessed Eid al-Fitr, as the city was crowded with thousands of families who went to the markets on the nights of Ramadan to shop and prepare for the blessed holiday, due to the lack of financial liquidity among the driving segment of the economy in the market, who are the employees. link
MarkZ and Michael Cottrell Friday Morning Chat 03/22/2024
Member: Good Friday morning... Praying for some action this weekend.
Member: It's about time for a real announcement to bring this show to a close!
Member: I wonder if all we are waiting for is the United States.
MZ: The exit from Iraq has been calm, but there are many expectations. Last night I lost another source of bondholders because they said they were going to stay quiet. It's not an official confidentiality agreement... but they believe their payment is pending and have stayed silent to be sure.
MZ: There is a movement of what I call a “massive whale,” which is between a whale, a payer, and a group leader. They asked him to pack his bags and get to Reno. I think it's a positive sign.
MZ: There have been a lot of travel requests in the last day to head west.
Member: I don't understand why they would have to go to Reno to get paid.
Member: Nowadays and in the digital age, it's a little strange.
MZ: “36 countries apply to join the BRICS alliance in 2024” These are developing countries, countries rich in raw materials. This is great news, as the BRICS are gaining enormous strength.
MZ: “Country Garden and Vanke will expose the extent of China's real estate crisis” This is from Bloomberg.
-Member: Wolvie said that agricultural claims are being paid. I also saw another post from a person who started receiving their Farm Claim funds.!!!!
MZ: I know several people who make original agricultural claims... and they have not told me that they have received anything. I've seen some talk about Pigsford farm claims (?)... but I'm waiting for one of the original FC people to get paid. Then I will be more than excited.
Member: Wolvie also said Chinese elders want it finished by Easter
Member: I heard a rumor that things could start when Sudani returns to Iraq after a meeting in the US.
MZ: We're still looking into when Sudani will be in the US and any details... Nothing yet.
Member: History of the Bank. 3 international bank transfers in 2024 took 5 days to confirm. This week sent confirmation on Monday received on Tuesday. whats???
-Member: Wealth Manager at the JP Morgan Chase branch in Houston, Texas. You've heard about the RV and you know the chase is part of it. I didn't have any news but I knew. .
Member: What is the difference between historical bonds and zim bonds?
Member: The historical bonds are: Yellow Dragon Bonds, Chinese Railway Bonds, bonds purchased a long time ago. The Zim bond must be 2008 or 2009, series Aa or AB, and say "pay to bearer" on them.
Member: Thank you all for the encouragement. Pray that something big will happen this weekend…something real.
Member: Come on, RV... the world is ready for you.
Member: Stay positive, the best is yet to come!
TRANSLATION IN SPANISH:
MarkZ y Michael Cottrell Charla del viernes por la mañana 22/03/2024
Miembro: Buen viernes por la mañana... Orando por algo de acción este fin de semana.
Miembro: ¡Ya sería hora de un anuncio real para llevar este programa al final!
Miembro: Me pregunto si lo único que estamos esperando es a Estados Unidos.
MZ: La salida de Irak ha sido tranquila, pero hay muchas expectativas. Anoche perdí otra fuente de tenedores de bonos porque dijeron que se iban a quedar callados. No es un acuerdo de confidencialidad oficial... pero creen que su pago está pendiente y se han mantenido en silencio para estar seguros.
MZ: Hay un movimiento de lo que yo llamo una “ballena masiva”, que está entre una ballena, un pagador y un líder de grupo. Le pidieron que hiciera las maletas y llegara a Reno. Creo que es una señal positiva.
MZ: Ha habido muchas solicitudes de viaje en el último día para dirigirse al oeste.
Miembro: No entiendo por qué tendrían que ir a Reno para que les pagaran.
Miembro: Hoy en día y en la era digital, es un poco extraño.
MZ: “36 países solicitan unirse a la alianza BRICS en 2024” Estos son países en desarrollo, países ricos en materias primas. Esta es una gran noticia, ya que los BRICS están ganando enorme fuerza.
MZ: “Country Garden y Vanke expondrán el alcance de la crisis inmobiliaria de China” Esto es de Bloomberg.
-Miembro: Wolvie dijo que se están pagando los reclamos agrícolas. También vi otra publicación de una persona que comenzó a recibir sus fondos de Farm Claim.!!!!
MZ: Conozco a varias personas que realizan reclamos agrícolas originales... y no me han comunicado que hayan recibido nada. He visto algunas conversaciones sobre los reclamos agrícolas de Pigsford (?)... pero estoy esperando que le paguen a una de las personas originales del FC. Entonces estaré más que emocionado.
Miembro: Wolvie también dijo que los ancianos chinos quieren que esté terminado para Semana Santa
Miembro: Escuché un rumor de que las cosas podrían comenzar cuando Sudani regrese a Irak después de una reunión en los EE. UU.
MZ: Todavía estamos buscando cuándo estará Sudani en los EE. UU. y cualquier detalle... Nada todavía.
Miembro: Historia del Banco. 3 transferencias bancarias internacionales en 2024 tardaron 5 días en confirmarse. Esta semana envió el lunes confirmación recibida el martes. qfs???
-Miembro: Gerente de patrimonio en la sucursal de JP Morgan Chase en Houston, Texas. Ha oído hablar de la casa rodante y sabe que la persecución es parte de ella. No tenía ninguna noticia pero lo sabía. .
Miembro: ¿Cuál es la diferencia entre bonos históricos y bonos zim?
Miembro: Los bonos históricos son: Bonos del Dragón Amarillo, Bonos de Ferrocarriles Chinos, bonos comprados hace mucho tiempo. El bono Zim debe ser 2008 o 2009, serie Aa o AB, y decir "pagar al portador" en ellos.
Miembro: Gracias a todos por el ánimo. Ore que algo grande suceda este fin de semana… algo real.
Miembro: Vamos, RV... el mundo está listo para ti.
Miembro: Manténgase positivo, ¡lo mejor está por venir!
