DINAR REVALUATION

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Prime Minister: Starting to prepare the 2024 budget schedules, 30 MARCH

Prime Minister: Starting to prepare the 2024 budget schedules

3/28/2024 Baghdad -

The Prime Minister stressed today, Thursday, that local governments must make their efforts to enhance citizen confidence, while announcing the start of setting 2024 budget schedules.

Al-Sudani said in a speech during the second session of the Supreme Commission for Coordination between the Governorates, followed by the Iraqi News Agency (INA): “This meeting is the first after the local elections were held,” pointing out that “the elections were one of the important milestones that represent an achievement of the political process.”

He added, "Local governments must work as one team and make their efforts to enhance citizen confidence." He stressed that "local governments are an integral part of the executive authority," noting that "the evaluation of officials must be subject to a professional and scientific program."

He concluded by stressing: “Our goal is to serve our people,” pointing at the same time to begin setting the 2024 budget schedules. LINK

"IMPORTANT IRAQ NEWS: AL-YASIRI: THE AMERICAN ADMINISTRATION IS WORKING HARD TO DESTROY THE IRAQI ECONOMY" BY MNT GOAT, 29 MARCH

AL-YASIRI: THE AMERICAN ADMINISTRATION IS WORKING HARD TO DESTROY THE IRAQI ECONOMY

The political and security analyst, Muhammad Al-Yasiri, today, Thursday, accused the American administration of continuing its hostile policy to destroy the Iraqi economy.

Al-Yasiri told Al-Maalouma, “The US Treasury Department continues to restrict the flow of dollars to the Central Bank of Iraq and reduce cash liquidity.”
He pointed out that “the American administration is working hard to restrict the Iraqi government and discourage it from demanding the removal of its occupying forces from the country.”

He continued, “The American restrictions on Iraq regarding the dollar clearly confirm the lie of the so-called friendship of the United States of America with Iraq.”

The US Treasury Department recently imposed economic sanctions on eight Iraqi banks, preceded by sanctions on fourteen others, and prevented them from dealing in the dollar currency, as the reasons behind the imposition of such sanctions were not explained.

(In my last Newsletter I talked about the importance of getting these sanctions lifted, but only when the parallel market is stabilized and movement is downward.)

FRANK26….3-29-24…….GOOD FRIDAY

Finance Committee: Salaries are secured in the 2024 budget and there is no financial crisis in Iraq, 29 MARCH

Finance Committee: Salaries are secured in the 2024 budget and there is no financial crisis in Iraq

Baghdad Today – Baghdad

The Parliamentary Finance Committee, this evening, Thursday (March 28, 2024), reassured employees and retirees regarding their salaries in the financial budget for the year 2024.

The head of the committee, Atwan Al-Atwani, told the official agency, followed by “Baghdad Today,” “We are awaiting the arrival of the 2024 budget schedules.”

He added, "The salaries of employees, retirees, and the protection network are secured in the 2024 budget."

Al-Atwani stressed, "There is no financial crisis in Iraq."

The head of the Parliamentary Finance Committee, Atwan Al-Atwani, announced yesterday, Wednesday, that “the total budget for 2024 amounted to about 228 trillion dinars.”

While the Minister of Planning, Muhammad Tamim, said during his hosting of the Finance Committee yesterday that the government committee responsible for reviewing and auditing these tables is working to reduce the deficit amounting to 80 trillion dinars because it is considered a large deficit. LINK

"QFS CONVERSATIONS WITH GOLDILOCKS, 29 MARCH

GOLDILOCKS

As we approach the MICA testing and implementation of regulating Global cryptocurrencies, Exchange Traded Notes or ETNs THAT TRACK INDEXES, BONDS AND OTHER ASSETS will soon become available on May 28th, 2024.

MICA's pilot program is expected to be done near the above date as well. This will enable us to move forward with Global Cryptocurrency Regulations.

While all of this is going on, Phase 2 of Project Aurora progresses forward along with MICA. This includes anti-money laundering (AML) mechanisms to support the new digital economy. It ensures a proof of concept application able to scale this and other pilot programs.

Project Aurora allows banks to validate investments in digital transformation, and it minimizes the risk of a costly mistake in a full-scale implementation of a project such as MICA. BIS Asana RegulationAsia Lucinity

© Goldilocks