KRG Delegation in Baghdad for Crucial Budget, Salaries Talks: A New Phase in Federal Relations, 10 APRIL

KRG Delegation in Baghdad for Crucial Budget, Salaries Talks: A New Phase in Federal Relations

With a mission to address longstanding financial disputes, a delegation of the Kurdistan Regional Government (KRG), led by Minister of Finance and Economy Awat Janab Noori, recently arrived in Baghdad. The primary agenda includes discussions on the disbursal of salaries for government employees and security forces, including the Peshmerga, in the Kurdistan Region. This visit marks a significant step towards resolving budgetary issues that have strained relations between the KRG and the Iraqi federal government.

Background and Immediate Triggers

The visit comes against a backdrop of financial tensions, with the KRG struggling to pay its civil servants amidst delays in receiving their allocated share of the federal budget. Muhammed Abdulqadir, Director General of Accounting at the Ministry of Finance, informed Kurdistan24 about the dual approach for sending the March salary list to Baghdad, with a promise to prepare and send a second list within 20 days. Despite the Iraqi Ministry of Finance sending salaries for only December and February this year, Narmin Ma'roof, a member of the Iraqi Parliament's Finance Committee, assured that the process for March would mirror that of February. This ongoing financial irregularity has led to Baghdad releasing several payments as loans to Erbil, enabling the latter to manage public salaries temporarily.

Challenges and Allegations

The financial discourse between Erbil and Baghdad has been further complicated by accusations from KRG diplomats regarding the budget's implementation. Adopted in early June, the budget was lauded as one of the country's most substantial, with state expenditures set at 198.91 trillion Iraqi dinars ($153 billion), and a deficit surpassing 64 trillion dinars (over $48 billion). However, KRG officials allege that instead of receiving their fair share, Erbil has been provided with allowances to cover public salaries. This has perpetuated a cycle of dependency and uncertainty, undermining the region's fiscal autonomy and stability.

Prospects for Resolution

This meeting in Baghdad is not just a negotiation over numbers but a potential turning point in the fraught relationship between the KRG and the Iraqi federal government. By addressing the core issues of budget allocation and salary disbursal, both parties are signaling a willingness to move towards a more sustainable and equitable financial framework. The outcomes of these talks could set a precedent for future interactions, highlighting the importance of dialogue in overcoming longstanding disputes. As discussions progress, the hope is for a resolution that not only addresses the immediate financial needs of the Kurdistan Region but also paves the way for a stronger, more unified Iraq.

https://bnnbreaking.com/finance-nav/krg-delegation-in-baghdad-for-crucial-budget-salaries-talks-a-new-phase-in-federal-relations

"RV UPDATE" BY PIMPY, 10 APRIL

 Pimpy

  People have been asking about how much dinar does the International Monetary Fund hold...or World Bank...or World Trade Organization or US Treasury...There is no proof in writing anywhere that the United States is holding any Iraqi dinar.   Yes there could be some Iraqi dinar being held in our foreign reserves but it's not 4 trillion...Google it, go on any website, go anywhere and see if you could find if these organizations are invested into currencies or any other investments whatsoever...you're not going to find it.  That's not what they do...They don't hold the Iraqi dinar.  That's not what they do .

 For those of you thinking that all of a sudden some 'Real Effective Exchange Rate" is coming along and then all of a sudden the value of the dinar is going change, that's not what they're talking about.  The one we're looking for any changes to happen to would be the 'Official Exchange Rate'...

Iraqi Dinar 🔥 Ready to Go International 🔥 Guru Updates Latest RV Intel N...

"BECAUSE THE EXCHANGE RATE WAS REVITALIZED!!!" BY FRANK26, 10 APRIL

 KTFA

FRANK26:"BECAUSE THE EXCHANGE RATE WAS REVITALIZED!!!"..F26

A set of directives from Sudanese to revitalize the private banking sector

4/9/2024

 

 Baghdad
 

A government source revealed, today, Tuesday, that Prime Minister Muhammad Shiaa Al-Sudani issued a set of measures and steps to revitalize the private banking sector, while directing a study of the possibility of strengthening the needs of private bank branches abroad in foreign currency.

The source told Al-Eqtisad News, “As part of the Iraqi government’s efforts to formulate a strategy that stimulates the activity of the private banking sector during the next stage, allowing it to engage more in efforts to diversify the economy and strengthen its foundations, Prime Minister Muhammad Shiaa Al-Sudani directed the adoption of a set of measures and steps in this regard.” The matter, including:

1 - The Ministerial Council for the Economy studies a proposal to increase deposits of government institutions and the central government with private banks, enabling them to provide more banking operations and contribute to the development of various vital sectors and increase their ability to provide various financing services inside and outside Iraq.

2- The support of the Iraqi government and the Central Bank of Iraq to private Iraqi banks through foreign institutions and banks, taking into account the credit rating of each bank.

3- Study the possibility of enhancing the needs of private bank branches abroad in foreign currency for the purposes of financing foreign trade - the private sector and in accordance with the applicable contexts.

4 - The Board of Directors of the Central Bank of Iraq determines the contribution of foreign capital to Iraqi banks and evaluates the reality of the situation in a way that benefits the Iraqi economy and in accordance with what is stated in Banking Law No. 94 of 2004.

5- Participation of representatives from the private banking sector when discussing relevant issues in all state institutions, including meetings of the Board of Directors of the Central Bank of Iraq.

6- Studying the reactivation of the financing initiative presented by the Central Bank of Iraq and in accordance with the contexts proposed by the Central Bank in this regard.

7- The Competition Affairs and Monopoly Prevention Council shall take the necessary measures under Law No. 14 of 2010 to prevent monopoly in banking services, provided that the Council shall submit reports to the Central Bank of Iraq and in coordination with it periodically and in accordance with the aforementioned law.

LINK

"WHERE WE ARE NOW?" BY BRUCE (ENGLISH & SPANISH), 10 APRIL

 BRIEF NOTES THE GREAT UNIVERSAL CALL BRUCE APRIL 9, 2024

 ONLY INTELLIGENCE

 *WHERE ARE WE NOW???*

 Bruce has been trying to keep up with the information, but I will tell you that we are hearing from important people at WF that this is ready to go and we will hear that on Wednesday or Thursday we will have the numbers and we will be able to act accordingly, and also tomorrow until El Friday and the word we are right on top of this or the US in a day or so... So Bruce knows this: there was a CC on Saturday with all the RCs and they threatened everyone that anyone would leak any information ; They would call it betrayal. from the RC staff people - then they backed out and what we are going to do is - prevent them from receiving any commission so that those who make the trades receive 0.025% and that will be taken away from them.

 And then maybe WE ARE HERE and if they wouldn't get that commission then the banks and us and everyone would win so I think it's a good thing they stay quiet and the information is very very limited and I only found out about this through friends and I really think tomorrow or Thursday, and it could be Thursday on CW and again they are waiting for the release codes from Treasury and I don't think there is any reason for this to be delayed any further. -

Remember that WE ARE ON TOP OF THIS and we are also looking to get NESARA and Gesara up and running this month; It wasn't the first week, although we believe the increase in SS is still in April, but as far as anything else, information is limited. and we really have to wait and see what happens in the next few days; some people say Friday and Monday, but I think we really just have to wait and we're waiting for everything to present itself and move forward from here to Friday.

– then Bruce goes to pray for the call. And just a quick recap on Sue and her new program: I'm not sure if she'll thank the entire team or not (he seems a little tired), but I'm sure thanks to Sue, Bob, GCK, Pastor Scott, Jeannie, Larry and all the faithful. listeners from all over the world. So there really isn't much more Bruce can say because supplies are running out and everything is quiet. So Bruce prays for the calling: join Bruce and also keep your most sincere prayers until this Heavenly Blessing comes to its FULL MANIFESTATION IN ALL OUR LIVES. I love you ALL 

Always Gema

---------

TRANSLATION SPANISH

NOTAS BREVES LA GRAN LLAMADA UNIVERSAL BRUCE 9 ABRIL 2024

SÓLO INTELIGENCIA

*¿¿¿DÓNDE ESTAMOS AHORA???*

Bruce ha estado tratando de mantenerse al día con la información, pero les diré que estamos escuchando a personas importantes de WF que esto está listo para funcionar y escucharemos que el miércoles o jueves tendremos los números y podremos actuar en consecuencia, y también mañana hasta El viernes y la palabra estamos justo encima de esto o de EE. UU. dentro de un día más o menos... Así que Bruce sabe esto: hubo un CC el sábado con todos los RC y amenazaron a todos con que cualquiera filtrara cualquier información; lo llamarían traición. de la gente del personal de RC - luego se echaron atrás y lo que vamos a hacer es - evitar que reciban ninguna comisión para que aquellos que realizan los intercambios reciban el 0,025% y eso se les quitará. 

Y entonces tal vez ESTAMOS AQUÍ y si no recibirían esa comisión, entonces los bancos y nosotros y todos saldríamos ganando, así que creo que es bueno que se queden callados y la información es muy, muy limitada y yo Solo descubrí esto a través de amigos y realmente creo que mañana o jueves, y podría ser jueves en CW y nuevamente están esperando los códigos de liberación del Tesoro y no creo que haya ninguna razón para que esto se retrase más. - 

Recuerde que ESTAMOS ENCIMA DE ESTO y también estamos buscando que Nesara y Gesara comiencen a funcionar este mes; no fue la primera semana, aunque creemos que el aumento en SS todavía es en abril, pero en lo que respecta a cualquier otra cosa, la información es limitada. y realmente tenemos que esperar y ver qué sucede en los próximos días; algunas personas dicen viernes y lunes, pero creo que realmente solo tenemos que esperar y estamos esperando que todo se presente y avancemos de aquí al viernes.  

– entonces Bruce va a rezar por la llamada. Y simplemente recapitulando rápidamente sobre Sue y su nuevo programa: no estoy seguro si agradecerá a todo el equipo o no (parece un poco cansado), pero estoy seguro de que gracias a Sue, Bob, GCK, el pastor Scott, Jeannie, Larry y todos los fieles. oyentes de todo el mundo. Así que realmente no hay mucho más que Bruce pueda decir porque las fuentes se están agotando y todo está en silencio. Así que Bruce ora por el llamado: únete a Bruce y también mantén tus oraciones más sinceras hasta que esta Bendición Celestial llegue a su COMPLETA MANIFESTACIÓN EN TODAS NUESTRAS VIDAS. Los amo a TODOS Siempre Gema

Pimpy and Mountain Goat almost agree on info 04/07/24

"NOT AT A PROGRAM RATE... IMPOSSIBLE!!! BY FRANK26, 10 APRIL

KTFA

FRANK26: "NOT AT A PROGRAM RATE... IMPOSSIBLE!!!"......F26

Iraq ranks fourth as the best emerging market for investment in 2024 (infographic)

 

4/9/2024

Iraq ranked fourth in the foreign direct investment rankings and the best emerging markets for investment in 2024.

A study by the FDI Intelligence website, which specializes in foreign direct investment affairs, indicated, “This classification is evaluated based on several criteria, including the growth of the gross domestic product, the inflation rate, the growth in capital spending in foreign direct investment , and the growth rate in foreign direct investment projects.”

He pointed to "a noticeable improvement in the investment climate in Iraq and the efforts made to strengthen the economic sector and attract more foreign direct investments."

The study explained, “This classification highlights the importance of Iraq as an important investment destination in the region.”