Adviser to the Prime Minister: Approving the 2024 budget schedules in the House of Representatives does not hinder their implementation, 26 MARCH

 Adviser to the Prime Minister: Approving the 2024 budget schedules in the House of Representatives does not hinder their implementation

 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.”

Raghad Dahham

https://alforatnews.iq/news/%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D8%A7%D9%82%D8%B1%D8%A7%D8%B1-%D8%AC%D8%AF%D8%A7%D9%88%D9%84-%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9-2024-%D9%81%D9%8A-%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8-%D9%84%D8%A7-%D9%8A%D8%B9%D9%8A%D9%82-%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%87%D8%A7

"RV UPDATE" BY MARKZ, 26 MARCH

 MARKZ

Mon. 25 March MarkZ: There is some fun stuff coming from sources over the weekend. Bond contacts really lit up overnight/and over the weekend. One of my contacts that “lit up” after going quiet said they very much expect things by  mid-week this week. 

They believe they will actually be walking away from the table with spendable money. People who have not been excited for quite awhile are now excited. I am hearing from my banking side. Historic Bonds are getting positive chatter again. It makes me feel it will all be going…and not just the Iraqi Dinar. If it was just Iraq- it would not affect the Historic Bonds. Because the bond folks are excited it looks like it is a bigger event.

 We in Tier 4b are supposed to go immediately following bonds. We have always been told that Historic Bonds go first with 1%, then Sovereigns, Indian Nations, large church groups and then Bond Folks get their remaining 9% fiat, then BAM we all start making our appointments. At the same time SKR folks have gotten their payouts. I understand that the whole process should only be a week long and that the very first things we should see is Bond Folks getting dollars.

Dinar update -Keeping up with the Joneses 03/25/24 BY PIMPY

Maintaining foreign reserves. Iraqi academic study answers the question of “Stability of the Iraqi dinar against the dollar”, 26 MARCH

Maintaining foreign reserves. Iraqi academic study answers the question of “Stability of the Iraqi dinar against the dollar”

Shafaq News / At a time when the price of the dollar is still fluctuating between rise and fall, and the market is forced to live in a situation in a kind of confusion, because the hard currency is an important tool in Iraqi trade, as it is a trade that depends on import in most of the products in the local market, a researcher whose master’s thesis, at the Faculty of Management and Economics at the University of Tikrit, on Monday, put some possible solutions to hold and control the dollar price, because his message came about the role of the Central Bank and the currency sale window and their role in stabilizing the dinar against the dollar and the importance of maintaining the reserve for foreign currency.

Researcher Ahmed Abdullah Akil, Shafaq News Agency, said that “the study aims to know and measure the impact of some central bank tools in achieving the stability of the Iraqi dinar exchange rate against the US dollar during the period (2004-2022) in order to know the places of imbalances and negatives that hinder the stability of the value of the local currency according to the nature of Iraq’s economy, as the goal of maintaining the value of the local currency was the main goal of maintaining the price level related mainly related to the level of the local dinar exchange against the US dollar.”

He added that “the study variables were analyzed and measured according to the (Eviews 13) program, and it was found that there is a moral positive relationship between some central bank instruments as independent variables and the official and parallel exchange rate as subordinate variables in the short term with some negative and positive correlations of some variables in the long term, as it was noted that some instruments were ineffective in affecting the currency exchange rate such as the legal reserve, the re-discount price and open market operations, but the impact of some of them were limited to inflation.”

He pointed out that “while the impact of the interest rate and the window was positive on the value of the local currency as a result of its reduction in the nominal exchange rate, and this indicates the ability of the Central Bank to affect the stability of the exchange rate of the local currency in front of the foreign currency, especially through the window of selling the currency throughout the study period, except for some last years of the study period, as the nominal exchange rate re-rise, as well as the situation in the parallel market by a decision of the monetary authority represented by the Central Bank, for the purpose of facing public expenditures and facing the repercussions of the global health crisis related to the Corona epidemic and the accompanying decrease in oil prices, which is the main source of the US dollar, due to the rentier nature For the Iraqi economy.”

He continued: “It was also noted that the gap between the official exchange rate and its equivalent in the parallel market was increased due to the increased demand for the foreign currency. The study presented a number of recommendations, the most important of which was continuing to work the window without excessive use of foreign reserves and diversifying the sources of access to foreign currency by advancing development and activating the real sector, industry and agriculture, in order to achieve a reduction in imports, which reduces the depletion of currency, in addition to tightening regulatory measures to prevent the smuggling of foreign currency and the works that affect the supply of it, which contributes to the stability of the exchange rate of the local currency.”

He stressed that “continuing to work with the window of selling the currency without redesting foreign reserves, and diversifying the sources of obtaining foreign currency so that the exchange rate does not remain hostage to oil prices as it is almost the only source of foreign currency access.”

He pointed out that “pushing the wheel of development in Iraq, activating the real sector, activating industry and agriculture to reduce imports to relieve pressure on foreign reserves of the dollar, keep the Central Bank away from political pressures and give it the necessary powers to deal with the fluctuations of the economic situation, including fluctuations in exchange rates, and tighten regulatory measures to prevent the smuggling of foreign currency abroad so as not to affect the supply of foreign currency, and therefore the value of the local currency.”

https://www.shafaq.com/ar/اقتصـاد/الحفاظ-على-الاحتياطي-ال-جنبي-دراسة-كاديمية-عراقية-تجيب-على-س-ال-استقرار-الدينار-العراقي-مام-الدولار

"RV UPDATE" BY WOLVERINE, 26 MARCH

WOLVERINE

• Mon. 25 March Wolverine:  Ok guys are you ready for good news? Need 400 good emojis. Ok Reno has started. Whales are getting calls to go to Reno. They have signed all contracts. Get ready God bless. …Wolverine

[via Judy Byington]  

 Most recent banker update...Mon. 18 March...Word from those higher ups was that we were in a 24 to 36 hour... window for announcement with Thurs. 21 March...being an important day for the banks...we know the time of our blessing is approaching quickly...All is looking good according to ALL sources...

Sun. 17 March Wolverine

 My Dearest Chosen Ones, we know the time of our blessing is approaching quickly, but for many, not as quickly as we had hoped, but we can see It IS happening. Right now, let’ set our sights on all we wish to accomplish, on all the goals we know we are going to accomplish.

 And of all things, each of you should be proud that despite all those who gave up, who lost faith, you are still here. The Prize Awaits you! Believe and have Faith! Hello everyone! I have received incredible news coming in today.

 Great News from Brazil who has the green light and that has been confirmed from other sources. Same thing happening in Hong Kong and that is also confirmed.

 It is also happening in other places around the world. However, use discernment, as it is not over “Till the Fat Lady sings,” and I am the Fat Lady!!! As soon the Admiral gives me permission to sing the opera, I will be singing it!! All is looking good according to ALL sources, and they gave me a 100% that it has started!

 Remain in faith and do not be negative. We know this is real or we would not be wasting our time here. Holly has put out great bank stories. We know Reno started as of a few days ago.   ;

MarkZ talked about a bond holders story who went to a bank and came out with an NDA. Many of my contacts are under NDA and they are not talking. That is all I have for you at the moment. Pray for God to release that opera. The Opera will be in three parts:

 1) A YouTube video put together by a very talented person I know. 

2) Liberation sound of the blowing of trumpets, remember the Charlton Heston movie, “The Ten Commandments,” when the Israelites were being liberated from slavery – there was a great resounding of trumpets! And 

3) finally THE OPERA! That is all I have for now my friends, take care,

 Wolverine. 

(Transcribed by Carpathia)

https://dinarevaluation.blogspot.com/2024/03/confirmed-brazil-has-green-light-by.html

" CONFIRMED: BRAZIL HAS THE GREEN LIGHT" BY WOLVERINE, 19 MARCH

 Sun. 17 March Wolverine

 My Dearest Chosen Ones, we know the time of our blessing is approaching quickly, but for many, not as quickly as we had hoped, but we can see It IS happening. Right now, let’ set our sights on all we wish to accomplish, on all the goals we know we are going to accomplish.

 And of all things, each of you should be proud that despite all those who gave up, who lost faith, you are still here. The Prize Awaits you! Believe and have Faith! Hello everyone! I have received incredible news coming in today.

 Great News from Brazil who has the green light and that has been confirmed from other sources. Same thing happening in Hong Kong and that is also confirmed.

 It is also happening in other places around the world. However, use discernment, as it is not over “Till the Fat Lady sings,” and I am the Fat Lady!!! As soon the Admiral gives me permission to sing the opera, I will be singing it!! All is looking good according to ALL sources, and they gave me a 100% that it has started!

 Remain in faith and do not be negative. We know this is real or we would not be wasting our time here. Holly has put out great bank stories. We know Reno started as of a few days ago. 

MarkZ talked about a bond holders story who went to a bank and came out with an NDA. Many of my contacts are under NDA and they are not talking. That is all I have for you at the moment. Pray for God to release that opera. The Opera will be in three parts:

 1) A YouTube video put together by a very talented person I know. 

2) Liberation sound of the blowing of trumpets, remember the Charlton Heston movie, “The Ten Commandments,” when the Israelites were being liberated from slavery – there was a great resounding of trumpets! And 

3) finally THE OPERA! That is all I have for now my friends, take care,

 Wolverine. 

(Transcribed by Carpathia)

🔥 Iraqi Dinar 🔥 The Rate has to Officially Change Next Week 🔥 Guru Updat...

The decline of the dollar reduces the burden of high prices on the Iraqi citizen, 26 MARCH

 The decline of the dollar reduces the burden of high prices on the Iraqi citizen

 The markets of the capital, Baghdad, witnessed, on Monday morning, a decline in the exchange rates of the US dollar against the Iraqi dinar.

the details:

The exchange rate of the dollar on the Kifah and Al-Harithiya stock exchanges recorded 147,400 dinars for every 100 dollars, a decrease of 1,300 dinars from the price of yesterday, Sunday.

The selling price in banking shops in local markets in Baghdad decreased to 148,500 dinars, while the purchasing price reached 146,500 dinars for every 100 dollars.

the reasons:

No official body has announced the reason for the decline in dollar exchange rates.

Some sources suggested that the decline was due to an increase in the dollar supply in the market.

Other sources indicated that the decline in global oil prices may be one of the factors that led to the decline in dollar exchange rates.

Effects:

The decline in dollar exchange rates is expected to lead to a decline in the prices of imported goods.

Declining dollar prices may encourage increased investment in Iraq.

The decline in dollar exchange rates is positive news for the Iraqi economy, but it is important that steps are taken to ensure exchange rate stability in the long term.  link