"SUDANI TALKS TO DC ON MANY FILES AND THE SFA IS BUT ONE OF THE FILES" BY FRANK26,13 APRIL

 KTFA

FRANK26:"SUDANI TALKS TO DC ON MANY FILES AND THE SFA IS BUT ONE OF THE FILES"..........F26

Adviser to the Prime Minister: Activating the Strategic Framework Agreement tops the agenda of Sudanese’s visit to Washington

 

4/12/2024

Fadi Al-Shammari, political advisor to the Prime Minister, confirmed that the upcoming visit of Prime Minister Muhammad Shia Al-Sudani to the United States of America will define the relationship between Baghdad and Washington.

Al-Shammari suggested, in a press statement today, Friday, that “the Prime Minister will place the activation of the framework agreement at the top of the visit’s agenda, in order to achieve enhanced cooperation and coordination with the United States, and activate the terms of the agreement between the two countries, especially in the areas of development, economy, investment, education, technology, artificial intelligence, and climate.”

He added, "The Sudanese seeks to deal with the files in a way that restores balance, strengthens the partnership, matures the relationship between the two countries and defines the nature, identity and nature of the joint relations, by establishing the factors of joint commitment and focusing on the main aspects of the strategic framework agreement, as well as the joint political, security and military files." 

LINK

"IRAQI CITIZENS WAIT WITH EXCITEMENT FOR SUDANI'S RETURN" BY FRANK26, 14 APRIL

KTFA

FRANK26:"IRAQI CITIZENS WAIT WITH EXCITEMENT FOR SUDANI'S RETURN"..........F26

Parliamentary Finance indicates the reason for the delay in sending the budget to the House of Representatives

4/13/2024

 

The Parliamentary Finance Committee revealed, on Saturday, the reason for the delay in sending the country’s general budget to the Iraqi Parliament, noting that there was a change in its schedules. 

Committee member Moeen Al-Kadhimi told Shafaq News Agency that the requirements of ministries and unrelated entities, operational and investment budgets, and the increase in financial allocations for the salaries of employees, retirees, the social protection network, and the ration card all led to changing the budget law schedules and delaying their sending to the House of Representatives.

He added that the general budget for the year 2024 amounted to 228 trillion dinars after increasing operational and investment expenses, pointing out that the expected financial deficit is 80 trillion dinars, after the budget in 2023 amounted to 199 trillion dinars. 

He confirmed that the Council of Ministers will vote on the budget schedules after the end of the visit of Council Speaker Muhammad Shiaa Al-Sudani to Washington and his return to Baghdad, provided that the budget reaches Parliament at the end of this month.

At the end of last February, the Parliamentary Finance Committee announced that the Ministry of Finance had completed the schedules for preparing the 2024 budget, and said that the Council of Ministers would approve it last March, so that it would be sent to Parliament after that.

Today, Saturday (April 13), Prime Minister Muhammad Shiaa Al-Sudani left for Washington on an official visit at the invitation of President Biden. 

LINK

"RV UPDATE" BY SANDY INGRAM, 13 APRIL

 Sandy Ingram 

 Oil has risen to over $90 a barrel...OPEC is cornering itself into position of oil profits by reducing the amount of oil available...

 In Zimbabwe, the new currency, Zimbabwe Gold (ZIG) will be circulated alongside foreign currencies.  Banks have to convert their current Zimbabwean dollar balances into the new Ziggy currency which will go into effect immediately. 

 People have 21 days to exchange their old notes and coins for new ones.  It is expected the new currency will have a profound on inflation...The new currency is anchored by a composite basket of foreign currency and precious metals, mainly gold...The ZIG has denominations between 1 and 200.

FRANK26….IQD UPDATE….4-12-24…..SUDANI IS TALKING

Bank of Baghdad joins KRG’s Financial Inclusion Initiative, 13 APRIL

Bank of Baghdad joins KRG’s Financial Inclusion Initiative

Following endorsement from the National Bank of Iraq (CBI), the KRG has declared that the Bank of Baghdad will join its ‘MyAccount’ monetary consideration drive.

In an explanation, the KRG said:

“Bank of Baghdad’s investment will assist with expanding banking items and administrations and speed up the rise of purchaser credit for individuals of the Kurdistan District. With one of the greatest branch networks in the nation, Bank of Baghdad has 6 branches in the Kurdistan Area.

“We anticipate that more banks should join in the not so distant future, giving our residents additional financial decisions and extending the monetary administrations area all the more by and large. The KRG’s solid organizations with every one of the partaking banks have prompted the kickoff of in excess of 200,000 ledgers for public area recipients.

“We stay on target to locally available all KRG recipients before the year’s over.”

"RV UPDATE:Why would they talk so much about the Kuwaiti dinar now?" BY MNT GOAT, 13 APRIL

 MNT GOAT

..I want to bring up one more topic again today. This is the Kuwaiti dinar. I am not sure why, but this Kuwaiti dinar has been in the news so much lately and so here is yet another very interesting article. 

Remember Dr. Shabibi told us that when Iraq does get reinstated its nominal rate will be no more than around 25% higher than the Kuwaiti dinar. Remember this is when the Iraqi dinar finally settles down to its nominal after the onslaught by the market once reinstated for trading. Does this mean the Kuwaiti dinar could also revalue? So what is the rate of the Kuwaiti dinar (KWD) today?

You can easily go check for yourself as it is now trading on FOREX. In an article today we read that and I quote – “the Kuwaiti dinar has maintained its position as the most expensive currency in the world for many years, and its exchange rate against the dollar is currently 1 to 3.25, while one Kuwaiti dinar is equal to 3.03 euros and 2.59 British pounds.”

My point is this in even bring up this article to you. Why would they talk so much about the Kuwaiti dinar now, and now of all times to talk about it I these last couple weeks? Is it about to have a change of rate too? Will the Iraqi dinar over run the long-standing Kuwaiti dinar in its position as the most expensive currency in the world? Is this about to happen? Just asking….what do you think?

You can go read the full article on the blog today in the Articles Section of the Newsletter. They give four (4) reasons why the Kuwaiti dinar is so strong today. Now I want you to compare these reasons to the assets that you already know that Iraq has. Do you think Iraq is far, far greater in wealth than Kuwait? Just asking…What do you think is about to happen soon?......

https://dinarevaluation.blogspot.com/2024/04/status-of-rv-by-mnt-goat-11-april.html

LINK OF KUWAIT NEWS:  THE SECRET OF THE STRENGTH OF THE KUWAITI DINAR…THE STRONGEST CURRENCY IN THE WORLD, 12 APRIL

https://dinarevaluation.blogspot.com/2024/04/the-secret-of-strength-of-kuwaiti_01898341575.html

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