DINAR REVALUATION

Tuesday, April 2, 2024

Iraqi Dinar update for 04/01/24 - No tricks BY PIMPY

The Minister of Finance and the World Bank are discussing support for the economic and financial reform program, 2 APRIL

The Minister of Finance and the World Bank are discussing support for the economic and financial reform program

} Finance Minister Taif Sami discussed, today, Monday, with the Regional Director for the Middle East at the World Bank, Jean-Christophe Carré, support for the economic and financial reform program.

A statement from the Finance Ministry, a copy of which {Al-Furat News} received, stated that: “During the meeting, priorities for development projects and ways to support the World Bank to strengthen the financial and business sectors and improve the investment environment were discussed, and emphasis was placed on continuing bilateral coordination to promote sustainable development, in addition to discussing the Bank’s support for the government program.” For economic reform in Iraq.

Sami referred to the Ministry’s efforts and plans towards accelerating the pace of financial and banking reforms in line with the Iraqi government’s vision aimed at consolidating the foundations of the national economy, creating economic balance, and correcting the course of financial policy in Iraq.

For his part, the bank representative pointed out “the continuation of serious and fruitful cooperation with the Iraqi government, in everything related to providing the necessary support in terms of expertise for development projects and reforms related to the financial and business sector.”

https://alforatnews.iq/news/%D9%88%D8%B2%D9%8A%D8%B1%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%88%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D9%8A%D8%A8%D8%AD%D8%AB%D8%A7%D9%86-%D8%AF%D8%B9%D9%85-%D8%A8%D8%B1%D9%86%D8%A7%D9%85%D8%AC-%D8%A7%D9%84%D8%A5%D8%B5%D9%84%D8%A7%D8%AD-%D8%A7%D9%84%D8%A5%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D9%88%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 2 APRIL

Frank26

[Iraq boots-on-the-ground report]

FIREFLY: Ramadan is over on the 8th. Then we have EID holiday from the 8th to the 14th and then on the 15th Sudani is supposed to go to Washington D.C...It's time to get a little excited...

FIREFLY: The foreign minister already in USA is a prelude to Sudani grand stand that's coming April 1st, our new fiscal year.

FRANK: So much is now pointing for your 1st quarter. April the 1st or maybe the first week of April especially with Sudani going to see the President of the United States in Washington DC on the 15th of April. It seems to me he's going to go see the president with a new exchange rate under his belt...not the weak leadership of a program rate.

FIREFLY: TV is say when Sudani goes to Washington. OMG that's a long time off. Means nothing changing until after that probably, if it does this year.

FRANK: I don't care if it happens on the 15th of April. I don't care if it happens tomorrow. I just know it's happening with all that we're seeing. The proof is there. There's no doubt about it.

FIREFLY: Tv talked about parliament finance has been meeting...with the CBI officials talking about mechanisms to pay the salaries and all the project we have. This is a good sign. They are meeting right before the budget goes to parliament next week.

FRANK: Firefly knows if it does go to parliament and they vote, it will expose an exchange rate. Certainly not a program rate.

FIREFLY: Talked to bank friend. He told me it seems to be the quiet time but soon news on the amending budget will appear...Nothing will get done, so it's going to be soon. The dropping of the zeros is off the exchange rate...We were told on TV that during next week the 2024 amended budget will arrive at parliament for their vote.

FRANK: Stay very close to your friend because at any moment IMO I believe he'll be able to give you what you're looking for, what they promised you.

https://dinarevaluation.blogspot.com/2024/03/iraq-boots-on-ground-rreport-by-firefly.html

Real Effective Exchange Rate!💣Dinar is a Scam?🤔Iraq Dinar RV Updates | 3...

Transportation: We are working to activate mass transportation in the cities of Sadr and Shula, 2 APRIL

Transportation: We are working to activate mass transportation in the cities of Sadr and Shula

Economy News - Baghdaddad

The General Company for Passenger Transport and delegations in the Ministry of Transport announced on Sunday the start of activating a mass transport line in some areas of Baghdad passing through the center and south of the capital, while confirming that the next phase will include the areas of Sadr City and Shula.

The company's general manager, Karim Kazem Hussein, said in a statement reported by the official news agency, and seen by "Economy News", that "under the guidance of Prime Minister Mohammed Shia Al-Sudani and under the direct supervision of Transport Minister Razzaq Muhaibis, the company began today in the fourth station to activate mass transport in a number of areas of Baghdad."

He added, "This line will start from the Bismayah area towards Jurf al-Naddaf and Diyala Bridge, then the Canal Road, then the Mashtal Intersection towards New Baghdad, and take the Mohammed al-Qasim highway through the Bab al-Sharqi intersection in central Baghdad, as well as the Nahda intersection, then Sheikh Omar and ending with Bab al-Mu'azzam and back again."

"This axis is the fourth out of 72 axes that will be activated successively on all provinces and areas of Baghdad province," he said, noting that "there is a plan to expand also towards other provinces."

"The next phase will be towards the most densely populated areas towards Sadr City and the torch area, as we have a plan in the coming weeks to start these lines," he said.

"RV UPDATE" BY FNU LNU, 2 APRIL

Fnu Lnu

[Response to Pimpy's HCL non-revenue sharing post from 3-31-2024 below]

The notion of revenue-sharing is nothing new in the Middle East. Bruni and Kuwait both do it...Revenue Watch Middle East Director Yahia Said recently returned from several months in Iraq working on the International Compact with the UN...This USIPeace Briefing summarizes the discussion. Many Iraqi citizens look to the law for what it can contribute to reconciliation, security, and welfare. The three parts of the agreement will deal with the issues of 1) revenue sharing; 2) restructuring of the ministry of oil; and 3) establishing the Iraqi National Oil Company (INOC).

It is quite clear that the HCL has intentions to codify the issue of welfare (not for government) and the number 1 issue is REVENUE SHARING. To be more specific; Section 1314 of the FY2007 Supplemental Appropriations Act [P.L.110-28] specifically identified the enactment and implementation of legislation “to ensure the equitabledistribution of hydrocarbon resources of the people of Iraq without regard to the sect or ethnicity of recipients” and “to ensure that the energy resources of Iraq benefit Sunni Arabs, Shia Arabs, Kurds, and other Iraqi citizens in an equitable manner” as benchmarks.