"SUDANI'S GOV REVIEWS THE BUDGET, NOT PARLIAMENT HA HA HA!!!" BY FRANK26, 17 MAY

 KTFA

FRANK26: "SUDANI'S GOV REVIEWS THE BUDGET, NOT PARLIAMENT HA HA HA!!!"...........F26

A government meeting to review the 2024 budget schedules

5/15/2024

Baghdad
 

Today, Wednesday, the Minister of Planning, Muhammad Ali Tamim, chaired a ministerial meeting to review the schedules of the federal general budget for the year 2024.

A statement from the ministry received by “Al-Iqtisad News” stated, “Today, the Minister of Planning, Muhammad Ali Tamim, chaired a meeting of the committee concerned with reviewing the schedules of the federal general budget for the year 2024, in the presence of the Minister of Oil, Hayan Abdul-Ghani, the Minister of Construction, Housing, and Municipalities, Benkin Rikani, the Minister of Electricity, Ziad Ali Fadel, and the Prime Minister.” The Office of Financial Supervision, Ammar Sobhi, the Prime Minister’s advisors for legal, economic and strategic affairs, the head of the legal department in the General Secretariat of the Council of Ministers, and also a delegation from the Kurdistan Regional Government, which included the Minister of Finance, the head of the Office of the Regional Council, the Secretariat of the Council of Ministers and the head of the Coordination and Follow-up Department.” .

He added, "During the meeting, a number of files were discussed on the agenda, including a discussion of the transfer mechanism for the Kurdistan Regional Government's 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 according to what was stated in the Federal Court's decision and the law." Financial management, and the state’s general budget law.” 

He continued, "The meeting also discussed the discussion of 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."

LINK

"RV UPDATE" BY BRUCE, 17 MAY

 Bruce  

 [via PDK]  ...we know we're super close... Most banks...have been fully trained all the way down to the teller level about currencies.  And now it's a matter of throwing the switch and getting us toll free numbers and setting our appointments...I think we're very close to ...going...

Somebody put something out about taxation, or this this would be a taxable situation for us  - it is not a taxable event...It's BS don't buy it - not a taxable event period.

 We're looking for 3 green lights – military -  Treasury – and Wells Fargo  in that 0rder...They got the green light from the military...we did receive confirmation that we have the Treasury's green light in the last couple of days...we did get the green light from Wells Fargo yesterday...

So in other words, we have all three green lights now covered - military  - Treasury - Wells Fargo.  The banks are bringing all employees in the banks up to speed on what we're about to witness and it's called Currency Training  Protocols  - They have been teaching to get everybody down to the teller level. Which remember the tellers didn’t  know anything about this...the point is, it's really coming down to the wire.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-bruce-12-may.html

"AL-SUDANI FISCAL STRATEGY TO ANNOUNCED THE NEW RATE OF DINAR CURRENCY A...

"YOU AIN'T STUDYING NOTHING... LET'S ROLL!!!" BY FRANK26, 17 MAY

 KTFA

FRANK26:"YOU AIN'T STUDYING NOTHING... LET'S ROLL!!!"....F26

Securities: We are studying the possibility of licensing brokerage companies to trade in shares on international stock exchanges

 

5/15/2024

Baghdad
 

Chairman of the Securities Commission, Faisal Al-Haims, confirmed today, Wednesday, that the authority is studying the possibility of  licensing brokerage companies to trade in shares on international stock exchanges.

Al-Haims said in a statement received by Al-Iqtisad News, “The Authority has begun studying the licensing of brokerage companies to trade in shares on global stock exchanges through a technical committee within it.”

 

He added, "The Authority is working seriously to support and develop the stock market by studying the licensing of brokerage companies to enable them to trade in shares on international stock exchanges for the first time in Iraq."

 

He explained, "This step comes in the context of protecting the rights of citizens to trade through brokerage companies that practice this activity without an official license from the Securities Commission, which seeks to develop the financial markets in the country," noting that "the Commission is working to provide a stimulating and regulated investment environment." “It contributes to enhancing confidence among investors and raising Iraq’s position in global financial markets.”
 

LINK

"RV UPDATE" BY MILITIAMAN, 17 MAY

 Militia Man 

  Article:  "Sudani directed the extraordinary session of the council for next Sunday, the federal budget schedules for the year of 2024"  We have the vote for the  speaker of the House of Representatives on Saturday and then we have a special session about the 2024 budget schedules with the Council of Ministers then they go to the HOR...

I think they're at the stage where they just got to jump and do it.  They have to interlink with the region and...the world so it's going to be a timed event.  I don't have the time, the date for that but I think we're going to see it shortly...

There is an existence of the Chapter VII charter of the United Nations that has not yet been resolved.  It's... still restricting the sovereignty at the international level.  The pressure is on and it looks like the UN is waving that flag to Iraq reminding them that there is that component still. 

Iraq is going to be watching and waiting for their purchasing power...They have revenue streams from all different angles...You got natural resources galore - oil, liquid natural gas, tourism... agriculture...Are they going to be able to support a value of there currency?  Of course they are.  They were $3.22 back when oil was at $35.  What if you added on to that all those things I just mentioned? 

 Article:  "Floating the dinar returns to the forefront will the Central Bank of Iraq resort to it and what the risks?"  The bottom line is Iraq is going to make an exchange rate change.   They've told you about it...A managed float is a mix of a fixed and a float... Are they going to change it to a free float?  Probably not because there's a lot of risks at that stage...Ultimately what is their goal?  Raising the value of the dinar against the dollar.  That's what they're going to be trying to do..

We all know the project to delete the zeros has been on the table now for many years but it was taken off the table, back on the table...The delete the zeros is all about what?  Creating value.  

1310 to buy widgets is in the hundreds of trillions and their budget is in the hundreds of trillions.  They don't even have that much money printed.  They don't even have it on their M1 etc at this point in time.   They never have.  There's got to be an adjustment...

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Article: "Iraqi Council of Ministers approves the 2024 budget schedules" 

 The next step would be to take those schedules and deliver them to the House of Representatives.  If we see that, that's going to be powerful because everybody's gonna be biting their nails because it could very well suggest something could happen prior to that happening.  It's a nail biter...

Article: "Specialist: Floating the dinar is economic suicide"  

Them bringing up exchange regimes obviously...they're going to do something because why talk about it if it's not going to change.  You don't.

 Non-oil revenues...Iraq has the largest sulfur deposit in the world.  They can tap into that.  It's going to be part of their non-oil revenues.  The amount of natural resources Iraq has is off the charts.  Anything that suggests they can't afford to do what they're going to do and go to a market economy I think is highly mistaken.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-militiaman-8-may.html

God Said It's Time NOW! ~Linn Wick & Dr. Kia Pruitt on The "Simply Linn ...

""AND... NOT FOR A PROGRAM RATE!!!" BY FRANK26, 17 MAY

 KTFA

FRANK26: "AND...  NOT FOR A PROGRAM RATE!!!"F26

The Prime Minister receives the Vice President of the World Bank for the Middle East and North Africa

 

5/15/2024

- Baghdad
 

Prime Minister Muhammad Shiaa Al-Sudani received Al-Abaa, Vice President of the World Bank for the Middle East and North Africa.

The Prime Minister's Media Office said in a statement, seen by Al-Iqtisad News, that "Prime Minister Muhammad Shiaa Al-Sudani received the Vice President of the World Bank for the Middle East and North Africa region."

LINK