Thursday, May 16, 2024
"SUDANI PREPARES BARZANI FOR THE NEW EXCHANGE RATE" BY FRANK26, 16 MAY
KTFA
FRANK26: "SUDANI PREPARES BARZANI FOR THE NEW EXCHANGE RATE".........F26
The Iaqi government discusses the transfer mechanism in the Kurdistan Regional Government's budget allocations
5/15/2024
Deputy Prime Minister - Minister of Planning, Muhammad Ali Tamim, chaired, today, Wednesday, a meeting of the committee concerned with reviewing the schedules of the federal general budget for the year 2024.
A statement issued by the ministry stated that during the meeting, a number of files on the agenda were discussed, including a discussion of the mechanism for transferring Kurdistan Regional Government allocations within the budget tables, especially with regard to employee compensation, social care, and regional government revenues, and the mechanism for handing them over to the federal government, as stated. In the decision of the Federal Court, the Financial Administration Law, and the State General Budget Law.
According to the statement, the meeting also discussed maximizing revenues to reduce the percentage of the deficit contained in the general budget by creating legal texts to include electricity sales and local oil sales as revenues in the budget tables.
The meeting was attended by: Deputy Prime Minister, Minister of Oil Hayan Abdul-Ghani, Minister of Construction, Housing and Municipalities Benkin Rikani, Minister of Electricity Ziad Ali Fadel, Head of the Financial Supervision Bureau, Ammar Sobhi, advisors to the Prime Minister for legal, economic and strategic affairs, and the head of the Legal Department in General Secretariat for the Council of Ministers.
The Kurdistan Regional Government delegation participated in the meeting, which included the Minister of Finance, the Chairman of the Regional Council, the Cabinet Secretariat and the head of the Coordination and Follow-up Department.
Yesterday, Tuesday, a delegation from the Kurdistan Regional Government arrived in the capital, Baghdad, to discuss the 2024 budget.
The Kurdish delegation's visit coincided with the arrival of Kurdistan Region President Nechirvan to Baghdad and his meeting with Federal Prime Minister Muhammad Shiaa al-Sudani.
Yesterday, May 14, Prime Minister Muhammad Shiaa Al-Sudani directed that an “extraordinary” session of the Council be held next Sunday, to discuss the federal budget schedules for the year 2024.
The Minister of Endowments and Religious Affairs in the Kurdistan Region, Pashtwan Sadiq, said last Thursday, the ninth of this month, during a press conference held in Erbil, the capital of the Kurdistan Region, and attended by Shafaq News Agency, “We will continue dialogues with the federal government, and we are confident that we will be able to resolve the issue of salaries and others.” One of the problems based on the Iraqi constitution.”
He added, "In the coming days, a delegation from the Kurdistan Regional Government will go to Baghdad regarding technical issues."
LINK
"ABOUT THE hypothetical Market Crash: WILL IT? WON'T IT? FROM GINGER LOUNGE ROOM ON TELEGRAM, 16 MAY
GINGER
Enlightening discussion in GLL chat among family today in regards to the hypothetical Market Crash. Will it? Won't it? Thank you kindly Liberty Loungers Extraordinaire 💥 for your super insights! 5.16.24
FilAm, Admin: I'm gonna go on record, It's not going to crash. The WHs are not going to let it happen, the idea of a stock market crash is a narrative fed to us by the DS to keep our vibrations lower collectively. In fact, I can see a transition with a very relatively smooth, orderly fashion.
Christina Cats: I agree 💯. I follow Elena Danaan & she has been consistently saying no crash. Alliance is in control of this situation & their view is we people of Earth have had so much distress & crashing the market will cause much chaos. Also Tarot by Janine did a reading more than once about the market crash etc.
Cards showed over & over no crash but what has been happening is Alliance is strategically & carefully taking out DS hold on the stock market. Look how many DS players “sold many shares of their stock” over the last 6 months.
No fear. No panic. 🫶🏼✌🏼
Pops Call: I agree with you. This is a transition. the crash narrative was on the table, if you look at this from a military perspective. it was an option, and influenced by the BH. As we can now see, the precision of this operation, as daunting as it is, is being executed with a transitional objective. If we consider what goldilocks posts, and other market indicators, and reliable news sources, we see a transition.
Transitions take longer, but the casualties are less. Imagine if we did have a collapse. look at the chaos that would ensue. the destruction, casualties, turmoil. It's painful to us because we see it, but the "normies" still don't see, until we are there. And that is our objective, to be there with our experiences to pick them up when they fall apart. From the 40k view, this is the most phenomenal mission ever undertaken, with no room for failure. IMHO
"BECAUSE THEY KNOW THE TRUTH OF THE MONETARY REFORM". BY FRANK26, 16 MAY
KTFA
FRANK26: "BECAUSE THEY KNOW THE TRUTH OF THE MONETARY REFORM"........F26
Al-Sudani briefs Washington on economic and financial reform efforts and calls on its companies to invest in Iraq
5/15/2024
On Wednesday, Prime Minister Muhammad Shiaa Al-Sudani briefed US Assistant Secretary of State for Energy Resources Affairs Jeffrey Payette on the government’s efforts and steps in the field of economic and financial reform, calling on American companies to work and invest in Iraq.
In the meeting, which was attended by the US Ambassador to Iraq, the most prominent files of cooperation in the field of energy, in all its forms, and ways to develop it were reviewed, in a way that contributes to achieving common interests, according to a statement issued by Al-Sudani’s office and received by Shafaq News Agency.
During the meeting, Al-Sudani stressed the government’s keenness to implement its executive approach within the axis of achieving energy self-sufficiency, in the areas of exploiting locally produced natural and associated gas, generating electricity, providing petroleum derivatives, and producing chemical fertilizers and petrochemical materials, pointing to the memorandums of understanding that were signed during his visit to The United States of America last April, which is being implemented on the ground.
Al-Sudani pointed to the government's efforts and steps in the field of economic and financial reform, especially in the areas of tax, customs, and the banking sector, and completing the elements of the ideal investment environment, calling on American companies to work and invest in Iraq.
For his part, Payet praised the efforts of the Iraqi government in developing the energy sector. He also referred to the joint statement of the Prime Minister and US President Joseph Biden, which represents a road map and framework for fruitful work and cooperation, stressing the desire of American companies to invest and expand their activities inside Iraq.
LINK
"QFS CONVERSATIONS" WITH GOLDILOCKS, 16 MAY
GOLDILOCKS
"Iraq's central bank, the Central Bank of Iraq (CBI), has been buying gold since 2022 to diversify its foreign assets."
Every time Iraq buys more gold. They are adding more value to the net worth of their currency.
"When gold is set free, so are we."
© Goldilocks
https://www.iraqinews.com/iraq/iraq-maintains-its-30th-rank-with-the-largest-gold-reserves/#:~:text=Baghdad%20(IraqiNews.com)%20%E2%80%93,rest%20of%20its%20other%20reserves .
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"Based on the decision of the Board of Directors of this bank No. (191) of 2023, it was decided to give the mediation companies that buy and sell foreign currencies under category (C) to merge to be classified as (A) or (B) until 3/31/2024."
Do you remember this article from the CBI? I remember talking with you about this particular article and how it was a reclassification of the Iraqi dinar. There is more information that is important for us to know at this time, so I have saved it to share with you now.
Moving to an A/B from a C classification essentially means that holders of the Iraqi Dinar is now a registered security. Registered Securities are freely tradable, and they can be sold to public investors on a much more broader scale.
Banks are generally owned by stockholders. This is what forms most of the Equity Capital that comes into a bank. Our foreign currency exchange with banks helps to build liquidity for them and the markets.
Since banks are privately owned for profit institutions, this makes our foreign currency exchange with them a private exchange.
Jester and Freedom Fighter do a "Saturday Night Live" call each week to explain the importance of getting to know your "Relationship Managers" whom will participate in your exchange at some level, and they will continue to participate in your banking success through periodic reviews of your account.
Each week, Freedom Fighter and Jester have live conversations with people who are going out to establish banking relationships that will guide them in the exchange process, and they come back to tell people what they found.
You do not want to miss these calls.
© Goldilocks
https://www.sec.gov/Archives/edgar/data/1433270/000110465916164292/a16-23910_1ex4d3.htm
https://cbi.iq/news/view/2491
https://content.next.westlaw.com/practical-law/document/Ibb0a1060ef0511e28578f7ccc38dcbee/The-Mechanics-of-A-B-Exchange-Offers?viewType=FullText&transitionType=Default&contextData=(sc.Default)
https://portal.ct.gov/dob/consumer/consumer-education/abcs-of-banking---banks-and-our-economy#:~:text=While%20public%20policymakers%20have%20long,bank's%20ultimate%20buffer%20against%20losses.
https://wise.com/us/blog/us-foreign-currency-account#:~:text=Standard%20US%20bank%20accounts%2C%20like,can%20hold%20foreign%20currencies%2C%20too.
https://www.investopedia.com/terms/c/capitalmarkets.asp#:~:text=The%20term%20capital%20market%20is,foreign%20exchange%20(forex)%20markets.
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