Friday, April 19, 2024
"THE NEED TO RAISE THE DOLLAR EXCHANGE RATES IN THE IRAQI MARKETS" BY GODILOCKS, 19 APRIL
GOLDILOCKS
"A member of the parliamentary finance committee Adnan Al-Zarfi stressed on Friday the need to raise the dollar exchange rates in the Iraqi markets, while pointing out that America is pressing Iraq to reform the victory."
Let's take a closer look at this article. The recommendation to raise the Dollar rate in Iraq "again" is a statement that holding the Iraqi Dinar price down is getting more difficult.
The article goes on to say that keeping the Iraqi Dinar on a programmed rate is no longer profitable or to their advantage.
Moving forward with their banking reforms is currently on the table.
© Goldilocks
https://search4dinar.wordpress.com/2024/04/19/parliaments-finance-advises-raising-exchange-rates-again-money-about-oil-revenues/
https://www.reuters.com/plus/how-a-strong-dollar-affects-international-currencies-and-commodities
"RV UPDATE" BY BRUCE, 19 APRIL
Bruce
[via WiserNow]
We know that we have been close for this going...individual coming from Europe, is saying that...we should be receiving our emails Saturday, Sunday or Monday...So that's...from this Wells Fargo Bond Paymaster...
Now...a couple of other individuals that are older and have worked in some capacity with the Reagan Treasury and administration... They...say that in their opinion, we are going to receive our emails, either [Friday] or Saturday and then we'll exchange according based on whenever we received those emails...and then finally we go to a bank that we’ve all heard of –
not one of the Big 4 – but this particular bank is saying that we would be notified over the weekend which included Friday Saturday or Sunday...we'll see what happens over this weekend.
The Chairman of the Investment Authority signs the United Nations Convention on International Mediation, 19 APRIL
The Chairman of the Investment Authority signs the United Nations Convention on International Mediation
Chairman Of The National Investment Authority, Haider Makkiya
Economy News – Baghdad On Thursday, Chairman of the National Investment Authority, Haider Muhammad Makkiya, signed the United Nations Convention on International Mediation, known as the “Singapore Convention,” in New York City, noting that this agreement is a tool for facilitating international trade and promoting mediation.
Makiya said in his speech during the signing ceremony, which took place in coordination with the Iraqi representation at the United Nations, and was reviewed by Al-Iqtisad News, that “it is important to activate the Republic of Iraq’s accession to the Singapore Agreement on Mediation and International Investment Disputes, in accordance with the provisions of Law No. (14) of 2021.”
Referring to Cabinet Resolution No. (24203) of 2024 ratifying the International Commercial Arbitration Law, which included international standards for international commercial arbitration, stressing “the position of this agreement within the framework of enhancing the Iraqi investment reality.”
He added, "Iraq includes many international and qualitative strategic investment opportunities, the reality of which requires contracting with foreign companies specialized in investment, and what it requires to provide legal protection for companies, in the event of disputes arising from contracts concluded by state institutions with these foreign companies that prefer to resort to... International arbitration to guarantee its rights, as stipulated in Article (27/First) of Investment Law No. 13 of 2006, as amended.”
Makiya continued, "This agreement is a tool for facilitating international trade and promoting mediation, as well as being an alternative and effective method for settling commercial disputes," noting that "the agreement will contribute to achieving sustainable development goals and encouraging the increasing use of mediation as an effective means of settling cross-border disputes for the purpose of preserving Commercial relations between the parties involved in the investment process.”
The head of the authority continued, “The agreement has a pivotal dimension due to its importance and the existence of several justifications for joining it, most notably finding an alternative method to litigation procedures before international arbitration bodies in disputes arising from investment through commercial mediation regulated by the provisions of this agreement,
especially since the Republic of Iraq joined in the year 2015 to the International Center for Settlement of Investment Disputes between States and Nationals of Other States, which gives foreign investors the right to resort to the Washington Center.
He stated, "Iraq's accession to the Singapore Mediation Agreement is necessary to attract investments and achieve economic development purposes, especially in light of the transformation and adoption of a free market economy as an economic system for the country, in addition to referring many strategic projects to foreign companies and investors," pointing out, "
A specialized program has been prepared for introductory workshops that the Authority will hold for all ministries and state institutions to educate their legal departments about the legal impact of this agreement, in cooperation with the UNDP.”
70 views 04/18/2024 - https://economy-news.net/content.php?id=42606
"URGENT CIRCUMSTANCES IS THE CITIZENS PURCHASING POWER AND THE VARIABLES ARE 3 ZEROS LIFTED!!!" BY FRANK26, 19 APRIL
Saleh: The budget tables are almost complete and will take into account urgent circumstances and variables
4/17/2024
The Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Saleh, confirmed that the financial budget schedules for 2024 were “almost” complete.
In a press statement, Saleh considered “the presentation of the financial schedules for the fiscal year 2024 by the executive authority for parliamentary approval” as a “flexible legislative path, as an integral part of the financial constants and principles of the Federal General Budget Law No. 13 of 2023 (Tripartite).”
He stated, “ These tables include revenues, public expenditures, and the estimated hypothetical deficit, and they are within the law that was originally legislated by the House of Representatives and published in the Official Gazette last year. The proposed financial tables that are being prepared by the executive authority today, and which have become almost complete, are based on financial legislation. implemented and approved under the aforementioned Tripartite Budget Law.”
He added, “The financial schedules prepared for the year 2024 will take into account the urgent economic and social conditions and changes required by the need for economic development in the year 2024, especially new investment projects, and financial commitments and pledges during the current year, in order to Implementing it as an annual financial plan within the framework of the principles of the tripartite general budget itself, in letter and spirit.”
