Balancing tables between Arqoub’s financial promises…and parliamentary justifications, 30 APRIL

Balancing tables between Arqoub’s financial promises…and parliamentary justifications

With mounting analysis and calls to accelerate sending the ongoing year’s financial plan to Parliament, uncertainty actually encompasses the financial plan, because of the public authority and the Service of Money’s postpone in sending it.

Despite the fact that Money Clergyman Taif Sami swore to finish the timetables and send them soon to the Gathering for endorsement, over a month has passed since Sami guaranteed that they would before long be sent, thus far we have not seen approval for them to arrive at Parliament.

Simultaneously, various individuals from the Place of Delegates supported the purposes behind the postpone on the obligation of the services, which have not finished their arrangements with respect to the slacking projects, as the public authority is attempting to close this document, as well as the distinction in costs and cash values.

Delegate Administrator of the Parliamentary Arranging Panel, MP Muhammad Al-Baldawi, told Al-Maalouma, “The public authority’s postpone in sending the financial plan plans is because of the services not finishing their arrangements in regards to the slacking projects, as well as issues connected with the timetables and sums dispensed to the Kurdistan locale of Iraq, particularly after the new choices gave by the Bureaucratic Court, which committed the public authority.” ” Using it.

He added, “A large portion of these reasons and obstructions have been overwhelmed by the public authority and that they will be shipped off Parliament very soon.”

Members of the House of Representatives, on the other hand, criticized the government’s delay in sending the amended budget schedules for the current year 2024 for study and approval. This is despite the fact that the schedules are part of a tripartite budget for three years and only require a few adjustments to the numbers of the spending and revenue chapters, and the country has become accustomed to violating legal timings.

On Walk 13, the Service of Money declared the consummation of information connected with the 2024 financial plan plans, the incorporation of messages, and sending them to the Committee of Priests.

For his part, Atwan Al-Atwani, the head of the Parliamentary Finance Committee, explained why the budget schedules for 2024 were delayed because the government changed its mind about how much money it needs to spend this year.

Al-Atwani said in a press explanation, “The explanations behind the defer in the timetables are because of the requirement for some consumption segments to be surveyed and supported for the ongoing year’s spending plan for governorates and establishments,” taking note of that “public uses are supposed to ascend during this year contrasted with the 2023 spending plan because of the presentation of new tasks.”

The 2024 budget schedules are crucial for securing allocations, financing resources for state projects, and establishing ceilings for public spending.

As far as it matters for him, an individual from the Place of Delegates, Sajjad Salem, expressed that there is foul play in many agreements and everyday techniques because of the Service of Money’s hesitance to carry out the arrangements of the general spending plan, adding that we are hanging tight for the timetables of the spending plan regulation to be changed during the current year.

"RV UPDATE" BY MNT GOAT, 30 APRIL

 Mnt Goat  

The Minister of Commerce and Chairman of the National Committee concerned with Iraq’s accession to the World Trade Organization, Atheer Daoud Salman Al-Ghurairi...Article quote:  "...the completion of the files for the initial offer of goods and services within the files for joining the organization”.   No, they did not yet announce Iraq’s fullaccession to the WTO but this is certainly getting close...I assume sometime soon, the National Committee will hold its third meeting with Iraq on the accession review...  With the US now backing Iraq this should move along quickly now.

I don’t want to fill you minds with false hope or over speculate but...we can clearly now see something BIG is about to happen...our choo choo train is speeding down the track. The destination is the reinstatement but remember to reach it, the train must first make a couple stops along the way. 

 Many of these stops already occurred as we get closer and closer to our destination.   We can almost see the finish line...

The reinstatement is coming, it won’t be years anymore and I firmly believe from what we already know and what we are now witnessing, the writing is on the wall, but just not yet .Do you hold large sums of Iraqi dinar? Are they the larger three zero notes issued after 2003?  If so, you just might be a millionaire sooner than later.  In the month of April, Iraqi reforms has made monumental leaps and bounds even since 2023. Folks, it’s about to EXPLODE!  It is now openly evident...It would be foolish to turn back now. Full speed ahead, choo-choo.

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-mnt-goat-27-april.html

The reinstatement is coming, it won’t be years anymore and I firmly believe from what we already know and what we are now witnessing, the writing is on the wall, but just not yet.Do you hold large sums of Iraqi dinar? Are they the larger three zero notes issued after 2003?  If so, you just might be a millionaire sooner than later.  In the month of April, Iraqi reforms has made monumental leaps and bounds even since 2023. Folks, it’s about to EXPLODE!  It is now openly evident...It would be foolish to turn back now. Full speed ahead, choo-choo.

The news just keeps getting better and better. ...my CBI contact again confirmed to me that this meeting of Iraq with the Whitehouse had to take place and could be seen as a healing meeting between the two countries.One issue was of course the status of leaving or the pullout of US forces. This issue is clear, as the US forces do not plan to leave Iraq again and destabilize the middle east, especially in these turbulent times...don’t worry it is not going to happen any time soon as long-term plans are being negotiated to give Iraq what it wants and give the US what it wants... 

 I was told by my CBI contact that the currency swap out will happen as they will not hide this event and must inform the citizens (education process...). Yes, they also have to explain the exchange swap-out process and how it will work along with descriptions of the newer lower denominations.

 The CBI will then post those pictures of the lower denominations my contact told me were taken weeks ago. So, just wait and watch it all play out...You should be excited...with FACTUAL knowledge...

 Article:  "IRAQ’S FINANCIAL REVENUES EXCEED 11 TRILLION DINARS (about 11 Billion US Dollars) WITHIN A MONTH"  Yes, even in a “rentier” oil economy the Iraqi dinar can still maintain a realistic rate of at least $3 or more...

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-mnt-goat-17-april_01224696882.html

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-mnt-goat-20-april.html

Is The U.S. Going Bankrupt? Debt Growth Is 'Explosive' | Barry Eichengreen

US dollar exchange rate continues to fall in Iraq, 30 APRIL

US dollar exchange rate continues to fall in Iraq

The US dollar conversion standard against the Iraqi dinar kept on declining in Baghdad and the capital of the Kurdistan area of Iraq, Erbil, on Monday with the launch of the two primary stock trades in the country.

With the opening of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, the US dollar exchange rate dropped to 1447.5 dinars, down from 1457 dinars on Sunday.

According to Shafaq News, the exchange rate in currency exchange shops in Baghdad ranged from 1457.5 to 1437.5 dinars.

In Erbil, the US dollar conversion scale ran between 1452 dinars and 1451 dinars.

In February 2023, the Central Bank of Iraq (CBI) made the announcement that it had begun using the new US dollar exchange rate, which is 1,300 dinars for one US dollar.

The past true conversion scale was 1450 dinars to one US dollar, which was being traded in the equal market at a pace of 1550 dinars.

The official exchange rate remained at 1450 dinars per dollar in January 2023, but the US dollar’s exchange rate against the local currency reached 1610 dinars in January 2023. The difference between the two rates was more than 10%.

"RV UPDATE" BY FRANK26, 30 APRIL

 Frank26 

  WEF [World Economic Forum]...no doubt this is good.  World exposure, this is good...They're being invited to the big boy corrupt party because they have a big boy exchange rate.  That's the important thing.

 Iraqi citizens know, everybody with a contract with Sudani knows.  It's no longer a secret, it's  no longer a game.  Notice the pattern...When you go to the banks now are they saying it's a scam?  No they're not anymore...Instead  they tell you very politely, 'Ok, we're not exchanging that currency at the moment.'

...Relax.  It's coming...

Question: "Will Aki  [Walkingstick's Iraqi Bank owner here in the US] exchange dinars for US citizens at his bank?"  Yes!  That's the whole purpose.

  Some other guru says, 'Oh, they're waiting for Article VIII.'  Man, when you hear someone say that you got to run as far away from them as possible.   Article VIII is ancient history.  It's older than mythology ...They've been in Article VIII for over a year and a half.  Catch up.  

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-frank26-28-april.html

  Some other guru says, 'Oh, they're waiting for Article VIII.'  Man, when you hear someone say that you got to run as far away from them as possible.  Article VIII is ancient history.  It's older than mythology ...They've been in Article VIII for over a year and a half.  Catch up.  

 Community comment: "Please explain there's no chance of a LOP."  Anybody that thinks this is a LOP you have to run away from them...they have no idea what they are talking about.  A LOP adds zeros to the exchange rate.  An RV and RI removes zeros.

  Sudani is going to be sharing with the Iraqi citizens soon.  I still hold to what I told you, they want to put screens up.  I know I have been mocked about it and laughed at about it.  But everything I say I'm mocked at and laughed at until a few days or a few weeks later, there it is...I believe Sudani is waiting for those screens to be put up.

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-frank26-26-april.html

Iraqi Dinar🔥That's A Fascinating Effects IQD Investors Today 2024🔥iraqi ...

Gas production at West Qurna to begin within six months: Prime Minister, 30 APRIL

 Gas creation at the West Qurna field will start inside the following a half year, Iraq’s Top state leader Mohammad Shia al-Sudani declared on Monday as he framed a team from four services to survey Iraq’s energy document.

Al-Sudani presided over a meeting with the Ministers of Oil and Electricity to discuss the national energy strategy file and the plans of the Ministry of Electricity.

“Based on a review of the energy file and what Iraq needs at the level of produced energy and fuel energy, while at the same time ensuring sustainable financing of energy projects to prevent their delay or stoppage,” Al-Sudani instructed a task force comprised of representatives from the ministries of planning, electricity, oil, and finance, as well as the Advisory Board, to work on an urgent update to the national integrated energy strategy.

He focused “the need to consider in refreshing the procedure the mix of energy projects with one another, so that gas supply sources are accessible to work internal combustion plants upon their finish, gas transmission pipelines are accessible upon culmination of creation from oil fields, and power plants are accessible to profit from it.”

Al-Sudani said the technique ought to consider “the way that the state should take to diminish the weight of the energy document on state reserves, and coordinated that the specific group present its report on refreshing the system after meeting with the pertinent services and with the expert to the Service of Arranging, KBR Organization.”

Since gas production will begin in West Qurna within six months, “which requires working on introducing this transmission pipeline into the national gas transmission network,” the meeting discussed the decision-making process for the gas transmission pipelines produced by gas stations.