The Delay Surrounds Five Iraqi Ministries.. What Is The Relationship With The Budget?, 7 MAY

The Delay Surrounds Five Iraqi Ministries.. What Is The Relationship With The Budget?

Money  and business  Economy News – Baghdad   The Strategic Planning and Federal Service Committee in the House of Representatives revealed that there are 5 ministries that have not achieved advanced completion rates in their projects within the government program.

The Vice Chairman of the Committee, Mohamed Al-Baldawi, said in an interview followed by Al-Iqtisad News, that “those ministries have delayed in accomplishing the tasks assigned to them,” without referring to the names or descriptions of the work of those ministries.

Al-Baldawi attributed this reluctance to “the possibility of financial problems due to the delay in the budget law,” explaining that “those ministries were not allocated sufficient budgets for these projects, and there are projects in the first place that were not planned properly and thus they delayed.”

He stated that "there are also problems that accompanied the planning process within the ministry and the institution and at the leadership level and directing projects and human resources in the right direction."100 views   05/05/2024 - https://economy-news.net/content.php?id=43150

"RV UPDATE" BY FRANK26, 7 MAY

 Frank26 

 What the budget needs is for parliament to view the amendments that Sudani made and I pray one of those amendment is a new line item with a new exchange rate.

  there's no set date for this to happen.  That's just the way it is.  I'm sorry if you can't tolerate that, you should move on.  But if you can tolerate what a speculative investment brings into you your life then you understand, oh my gosh...[Saleh] just told the Iraqis the Iraqi citizens that the exchange rate for our currency it's almost reached the official rate and once it does we're calling upon it to float...

 There was a meeting two weeks before that massive entourage meeting that went to DC...They told you we're going to DC to deliver the monetary reform.  There was the new exchange rate.  They agreed upon it...and went back home and told contractors we're going to rewrite your contracts with that new exchange rate...When they were all done with that...they flew to Washington DC, they delivered the message...and spent over two weeks with powerhouses that are going to build their economy

Iraqi Dinar | CBI Governor Ali Alaq Huge Announcement About New Rate | I...

Revealing The Latest Developments In Changing The Exchange Rate And The Barrel Of Oil In The 2024 Budget, 7 MAY

 Revealing The Latest Developments In Changing The Exchange Rate And The Barrel Of Oil In The 2024 Budget

 Economy| 02/05/2024  Mawazine News - Baghdad,  Deputy Chairman of the Parliamentary Planning Committee, Muhammad Karim, confirmed today, Thursday, that the current year’s budget will proceed after completing the changes in its schedules for allocations for governorate and ministries projects only. Karim told Mawazine News,

  “The exchange rate of the dollar, the barrel of oil, and the quantity exported will remain the same according to what was proven in last year’s budget.”

He pointed out that  "the tripartite budget approved by the Sudanese government and approved by the House of Representatives allowed the government to make changes and amendments imposed by the impact after the parliament's vote." 

He pointed out that  "the changes to the schedules will include projects of ministries and governorates in accordance with the requirements of the government program."    https://www.mawazin.net/Details.aspx?jimare=247191

"LATEST FROM MARKZ PODCAST" , 6 MAY

  Latest from Mark Z 5.6.24 AM podcast 

Member: Do you still have the mindset that this has started? Do you know people of different levels who have received money to spend?

MZ: Absolutely to both questions. I know people who now have dollars.

MZ: According to my best contacts in the group, there was an interesting movement of money over the weekend. It's clearly positioned to go, but I'm not sure we'll see it today.

MZ: This weekend there was very encouraging movement among the groups. I'm waiting for more updates today.

According To IMO Exchange Rates Of Iraqi Dinar $1.50 Today 2024🔥iraqi di...

"MAJOR UPDATE" BY ARIEL, 6 MAY

 ARIEL

Major Update It is being reported that financial liquidity is available and there are no risks to the iraqi dinar. Alot of things are being completed. Also economic affairs expert Safwan Qusay confirmed that financial liquidity is available and there are no high risks regarding the existence of the Iraqi dinar. He pointed out, "Iraq has completed all its financial needs, and the rest of it needs the price of a barrel of oil to reach only $96 to cover the financial deficit." But you know what's even better than this? It is also being reported that the Foreign Currency Exchange Regulations were completed on May 4th, 2024. Report here https://uscode.house.gov/view.xhtml req=988&f=treesort&fq=true&num=91&hl=true&edition=prelim&granuleId=USC-prelim-title26-section988 What does this mean for Iraqi Dinar holders? Foreign Currency Exchange Regulations play a crucial role in the Iraqi Dinar revaluation and conversion to USD in 2024 by ensuring the process is conducted smoothly and transparently. These regulations set the framework for international transactions involving the Iraqi Dinar, which is vital for the currency's international acceptance and stability. They also help prevent illegal activities like money laundering and support Iraq's efforts to combat the financing of terrorism. Not to mention Economist Muhammad Hashem Helou confirmed that the central bank cannot float the dinar exchange rate. Not to mention the parallel market is reaching the official price of the REER-(Real Effective Exchange Rate) Not to mention the Al-Rafidain Bank announced the application of the new platform that will allow electronic banking for Iraqis. Which is the main branch. Not to mention the Deputy Chairman of the Parliamentary Planning Committee, Muhammad Karim, confirmed last Thursday, that the 2024 budget will proceed after completing the changes in its schedules for allocations for governorate and ministries projects. Not to mention Atheer Daoud Al Ghurairi, Minister of Commerce of Iraq, has confirmed that Iraq has completed the requirements to join the World Trade Organisation (WTO) after completing economic reforms and improving the business environment. Not to mention that there is an accession ceremony happening on May 9th for 9 countries, Iraq being one of them per article that came out a month ago. People you have a lot to look forward to. So please understand the reality of the current situation with regard to your investment. You are being primed to take full advantage of your portfolio with all the info that has come out in support of this inevitable reality. Enjoy the rest of your day.