It is likely that the 2024 budget schedules will be approved today, 7 MAY

   It is likely that the 2024 budget schedules will be approved today

The Iraqi government’s delay in approving the budget schedules has raised questions about the existence of a cash crisis in the country, which may soon be reflected in employees’ salaries.

The extent of fears was reinforced by the government's resort to citizens' pockets to fill the gap in the fiscal deficit after the recent decision to raise gasoline prices.

Yesterday, Monday, the Financial Advisor to the Prime Minister, Mazhar Muhammad Saleh, revealed new details related to the budget lists and schedules for the year 2024, which are still under discussion in the Council of Ministers.

Saleh suggested, during a press statement, that the Council of Ministers, in today’s session on Tuesday, will discuss and approve the budget law schedules, and then send them to the House of Representatives as soon as possible.

The Sudanese advisor explained, “The percentage of the deficit in the budget tables is unknown, and it will be determined according to the tables that will be approved by the Council of Ministers, before sending them to the House of Representatives.”

According to what was stated in Law No. 13 of 2023, the lists and tables of the tripartite general budget law should be submitted to the House of Representatives.  link

Evening News with MarkZ. 05/06/2024

Monday Evening News with MarkZ

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: ​​Good evening one and all and Mark and Mods

Member: Are we there yet???

MZ: I did have multiple bankers over the weekend get notified and are beginning training today. They are “Training to handle foreign currency exchanges”. Some of the currencies mentioned are exactly what we are holding. And they are being trained on them. NOW-THIS WEEK-IMMEDIATELY!!! .  

MZ: This is really cool to get real-world contacts and have it confirmed by someone else on a totally different coast of the United States!!!!! This is very exciting in my book.

MZ: These are banking  people who have never been trained before…these are some of the ones the banks had told them “No, this is never going to happen”  and now suddenly the banks come to them and say “ You have got to get trained now-this week- immediately”

MZ: So these are not the trained redemption center folks. These are banking personell who were told that this RV stuff was hogwash before…Now if its hogwash-why are they suddenly being trained to do it????…..Gave me a good warm and fuzzy feeling today. .

Member: Wonderful news MARKZ!!! It is a feel good news and needed these days!!!

Member: Training?  What kind of training?

MZ: They need to know the security features on the various bills in order to verify them on site. That is what they are training on.

Member: I heard the dong could be as high as $3.60.

MZ: I heard that too…but I think it will be somewhere in the mid $2 range.

Member: A CPA told me if the currency is purchased to make money, it may be taxable. What do you think or know about that?

MZ: Tonight we have 2 different articles from the state department/government sites on taxes. “There are no taxes or subsidies on the purchase or sales on foreign exchange”  and they mention Iraq and Vietnam. One is from 2022 and the other one is earlier. Sounds like to me there are no taxes or subsidies on the purchase or sales on foreign exchange!!!

MZ: This is of course if no laws change. Both links are in my daily links – scroll down to section 6

https://www.state.gov/reports/2022-investment-climate-statements/iraq

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Member: So bottom line- There are no Taxes on foreign currency exchange!!

Member: So lets say Iraq has a float…how long will be have to exchange the large notes..

MZ: They will have to tell us. We do not know.

MZ: “China’s Gold buying spree could be the straw that breaks the dollar’s back”  They are catching on….gold backed currency!!!

Member: I went to a credit union today. They were remodeling and had gotten new De la rue machines “that could verify foreign currency”!

Member: The WF bank near me has been ready for awhile now. They sure seem to know who I am. My banker showed me the rainbow currency a long time ago. Just waiting to go

Member:  MarkZ can you give us nervous people some idea what to expect when we go to the bank to redeem our currencies

Member: Go to Recaps to the post RV section…..many articles on that there.

Member:  Mark…….thanks as always, and thanks to all the mods as well.

Member: Very encouraging news tonight…..Thanks so much ….

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.

Iraq Dinar- IQD Update - Regional Trade - A Progession of Reforms - A Gl...BY MILITIAMAN

"RV UPDATE" BY ARIEL, 7 MAY

 Mon. 6 May 2024 Major Update on Dinar, Ariel

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.”

The Foreign Currency Exchange Regulations were completed on May 4th, 2024. https://uscode.house.gov/view.xhtml

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.

Economist Muhammad Hashem Helou confirmed that the Central Bank cannot float the dinar exchange rate.
The parallel market is reaching the official price of the REER-(Real Effective Exchange Rate).

Al-Rafidain Bank announced the application of the new platform that will allow electronic banking for Iraqis. Which is the main branch.
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.
Atheer Daoud Al Ghurairi, Minister of Commerce of Iraq, has confirmed that Iraq has completed the requirements to join the World Trade Organization (WTO) after completing economic reforms and improving the business environment.
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.

"RV UPDATE" BY WOLVERINE, 7 MAY

WOLVERINE

Mon. 6 May 2024 Wolverine

 “It has started. It has started. It has started. It has started. It has started. It has started. It has started. It has started. 

What I can tell you is that we are liquid. The money is actually available. It’s just a matter of time in order for the Green Light to be given.

 Exchanges have started. I’ve been told not to say anything more. I can’t give you a date. Remember, it’s a military operation, but we are defiantly close. Take care. Have a beautiful day. Wolverine.”

Mon. 6 May 2024 Wolverine

 From a member “My $17,000 old student loan, which was actually a parent loan for my son was just paid in full. I hadn’t paid on it in years cause I knew it was illegal debt so I put it in forbearance. $17,000 was paid in full. Thank you, Nesara!”

May 1st Program with Dan Ferris Regarding the Upcoming Economic Downturn BY DAVE SCHMIDT

Iranian media: Nechirvan Barzani will play a role in raising the level of political and economic interaction, 7 MAY

Iranian media: Nechirvan Barzani will play a role in raising the level of political and economic interaction

Shafaq News / The visit of the President of the Kurdistan region of Nechirvan Barzani to Tehran was reflected in the Iranian media, which took place in their reports and coverage.

A report by the “Mehr” agency” indicated the role of the head of the region, and provided a historical account of his family and its struggle through his living in Iran and his mastery of the Persian language, and an affirmation of dialogue and understanding to solve problems.

She also pointed to the fluctuation of the relationship between Iran and the Kurdistan Region in separate stages, the most prominent of which was the security tension, and the presence of Kurdish groups opposed to Tehran within the territory of the region, and the report pointed out: “It is expected that with the visit of Nechirvan Barzani to Tehran, the level of political interaction between the two sides will rise.”

Mehr also pointed to the possibility of developing economic relations with the visit, which it said would benefit the two peoples.

For its part, the newspaper “Haft Sobah” reported that Nichirvan Barzani’s visit comes after about three years of the state of ups and downs in the relationship, but noted that the head of the region is a figure with good relations with Tehran.

The report also noted that Nechirvan Barzani will now take the initiative to establish reconciliation and expand relations with Iran.

Earlier in the day, the President of the Kurdistan Region, Nichirvan Barzani, met with the President of the Islamic Republic of Iran, Ibrahim Raisi, during an official visit to Tehran, and Iranian Supreme Leader Ali Khamenei, as well as Foreign Minister Amir Hussein Abdullahian.

During the meeting with my president, which was attended by the two Vice Presidents, the Minister of Interior and a delegation from the Presidency of the Kurdistan Region, the two sides stressed the strengthening of relations between Iran, Iraq and the Kurdistan Region on the basis of good neighborliness and common interests, and raising the level of trade exchange and economic relations, as well as praising the long-standing and historical relations between the Islamic Republic of Iran and the Kurdistan Region.

A statement by the presidency of the region said that President Raisi expressed his thanks and appreciation to the Islamic Republic of Iran to the Kurdistan Region for the facilities and assistance it provides to Iranian visitors who go to the holy shrines in southern Iraq, during their passage through the Kurdistan Region. For his part, the President of the Kurdistan Region thanked Iran’s support and assistance to Iraq and the region.

In another axis of the meeting, the two sides stressed the need and importance of continued coordination and joint cooperation between the Islamic Republic of Iran and Iraq and the Kurdistan Region to protect safety and stability in the region.

This visit is the fifth in 11 years, during which the head of the region intends to strengthen relations between the region and Tehran, through talks with senior Iranian leaders.

According to an official in the office of Shafaq News Agency, this visit is important, which comes after an extensive round of talks with political leaders in Baghdad, in which the head of the region said was launching a new phase of the relationship.

It also comes after the Turkish president came to Baghdad and Erbil last month, in a visit deemed historic.

https://shafaq.com/ar/كوردســتانيات/علام-يراني-نيجيرفان-بارزاني-سيلعب-دورا-برفع-مستوى-التفاعل-السياسي-والاقتصادي