Iraq preparing to amend its budget law , 20 APRIL

  Iraq preparing to amend its budget law

4/20/2024

ERBIL (Kurdistan24) – Khalil Ghazi, A member of the Iraqi parliament's finance committee, revealed to Kurdistan24 that the budget amendment for 2024 has been finalized by the Council of Ministers and is now awaiting the return of the Iraqi Prime Minister from Washington for final review.

Iraq's budget deficit has increased by 16 trillion dinars in the past year, bringing the estimated deficit for this year's budget bill to more than 80 trillion dinars.

The allocation of the budget to provinces in central and southern Iraq, especially those facing high poverty rates and service issues, has caused conflict among factions in parliament. These provinces are dissatisfied with the share of the budget allocated to them.

The Iraqi budget is composed of three main components: revenues, expenditures, and a budget deficit. Revenues include oil exports, taxes, and customs duties, while expenditures cover government spending in various sectors such as education, healthcare, infrastructure, and defense. The budget deficit occurs when expenditures exceed revenues, and it can be financed through borrowing or international aid.   LINK

"RV UPDATE" BY WOLVERINE, 20 APRIL

 Fri. 19 April Wolverine

• Many people have signed NDAs and we do not know if they have spendable money.  If people are being paid, they are being silent.
• The Vietnam Dong is going to float.
• The Dinar, which is now hours away, actually, is to go up.  It is close now to going on the Forex and in the Gazette.
• Colombia will be joining BRICS and they will get their gold backed currency on Tues. 23 April.
• China has pardoned all of Zimbabwe’s debts. This is huge news for Zimbabwe. 
• My counterparts in Brazil said that yesterday Thurs. 18 April the banks received the payment authorization codes from the central bank of Brazil to release the notices and asked for 24 hours to carry out the logistics of distributing the notices.
• The military and G13 will enter tomorrow Sat. 20 April to receive their already unlocked amounts.
• Releases for DF operations will be paid on Wed. 24 April, a date set by the institution itself.
• MarkZ said big contracts are getting finalized. He has never seen that before.  I also got this confirmed by my Brazilian counterparts. These are Big Contracts. This is happening, it is real.  Just have faith.

• Wolverine: I did receive news from a huge whale in Europe, she has received email from Reno, and has been told that Reno has started the process. By Mon. 22 April a lot of countries will be gold backed. 

Dinar RV Breaking🔥Exclusive Interview: Prime Minister on Iraqi Dinar Rev...

Fourth, Arab.. Iraq’s reserves of gold {137.7} tons, 20 APRIL

 Fourth, Arab.. Iraq’s reserves of gold {137.7} tons

The former director of Dwan Financial Supervision, Salah Nouri, revealed today, Saturday, Iraq’s gold reserves.

Nouri {Euphrat News} said that: “The gold reserve of the Central Bank of Iraq is up to {137.7} tons and comes in fourth place in the Arab world according to the statistics of the World Gold Council based in London.”
He pointed out that “we do not have accurate information about the amount of gold reserves in the Central Bank of Iraq, in general, the Central Bank should diversify investments between US government bonds and investment in gold.”
On the most prominent things of the US magazine Forbes magazine about the reasons for the rise in gold prices globally, Nouri explained that “the high demand for gold by Chinese investors and your universe is to hedge against economic instability that affects investment in stocks and bonds.”
“There are also concerns about lowers interest rates on investment in U.S. government bonds, which has led to investing in gold as a safe haven,” he added.
Nouri concluded by “the geopolitical reasons for the Russian-Ukrakranian war and the war on the people of Gaza by the Zionist entity are all reasons that pushed the rise in gold prices globally.”
Gold prices rose on Friday due to risk absilitance in financial markets.
By 04:29 GMT, gold in spot transactions had risen 0.3% to $2386.05 an ounce after jumping briefly to $2417.59 earlier in the session, hoving near an all-time high of $2431.29 it recorded last Friday.

From: Raghad Daham

https://alforatnews.iq/news/رابعاً-عربياً-احتياطي-العراق-من-الذهب-137-7-طناً

"ANALYSIS OF IRAQ NEWS" BY GOLDILOCKS, 20 APRIL

 GOLDILOCKS

The member of the parliamentary finance pointed out that “the government and the central bank seek to strengthen and increase the classification of civil banks,” noting “the intention of banks to enter into correspondence and foreign transfers.”

Here, Iraq is telling us that they are taking steps to move into doing foreign currency exchanges inside their banking system locally and Internationally.

The article goes on to say that they did not know for sure when this would take place, but they are taking steps currently towards this end.

© Goldilocks

https://search4dinar.wordpress.com/2024/04/20/finance-identifies-steps-to-be-taken-before-canceling-currency-sale-window-in-iraq/ 

https://search4dinar.wordpress.com/2024/04/20/finance-identifies-steps-to-be-taken-before-canceling-currency-sale-window-in-iraq/

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Sudanese adviser: Next meetings with the US side will be held in Baghdad, 20 APRIL

Sudanese adviser: Next meetings with the US side will be held in Baghdad

Baghdad – Mil
Prime Minister’s adviser on transport affairs Nasser al-Assadi confirmed, on Saturday, the formation of joint committees to exchange points of dialogue, noting that the upcoming meetings with the US side will be held in Baghdad.

Al-Assadi said in a statement to the official media followed by “Mill”, that “the meetings held in Washington witnessed the activation of the framework agreement between Iraq and the United States, especially in the fields of education, transport, health, human rights, the role of women, strategic relations between Iraq and the United States and the relationship of American financing funds with the Central Bank of Iraq,” noting that “the meetings are fruitful and we came out with important results.”

He added: “Specialized committees have been formed between the United States and Iraq to exchange points of dialogue,” pointing out that “the next meetings will be in Baghdad to start implementing the mechanisms of the agreement concluded in the United States.”

Al-Asadi indicated that “all meetings in the United States are successful because of a reaction by other parties and parties,” pointing out that “Iraq announced during the visit great investment opportunities for American companies, and plans were drawn up between Iraqi and American investors.”
He pointed out that “the Iraqi delegation that visited Washington includes a team from the private sector, as the government encourages expansion with private sector companies, which will be easier to deal with companies and government instructions.”

Earlier in the day, the Sudanese returned to Baghdad after a week-long visit to the United States, in which he held a series of important meetings, the most important of which was his meeting with US President Joe Biden.

https://miliq.news/political/29027–.html