Wed. 22 May 2024 Wolverine Chat: “This will not be a long chat. There was a meeting last night in Reno. The topic was when to release the notifications. The notifications are coming out. The main bondholders are hopefully expecting notifications today. So hold on everyone!! We are on the very edge of this! Expecting notifications to come in today for the major bondholders. Tier4B, in my opinion, will hopefully come in on theweekend.
Things are happening in the Pentecostal group. The leader will be having a get together in Bogota thefirst week of June, so then they will be ready to go. It was a very good audio that they put out yesterday. Hopefully they will be able to release it has been long time for that platform as the owner has been through so much. Not much other Intel coming through right now. Keep your fingers crossed and hopefully we will have good news very soon. Take care,” Wolverine
Shafaq News/ The Iraqi Parliamentary Finance Committee began its first meeting on Wednesday to discuss the 2024 budget tables before approving.
The Secretary General of the Iraqi House of Representatives, Safwan Bashir al-Jarjari, said yesterday that Parliament received the 2024 budget tables from the government.
Last Sunday, Prime Minister Mohammed Shia Al-Sudani disclosed the key figures of the 2024 budget.
"The 2024 budget is set at 211 trillion dinars (about 160 billion dollars), with employee salaries accounting for 62 trillion dinars. The 2023 budget totaled 199 trillion dinars, with 59 trillion dinars allocated for employee salaries." Al-Sudani explained.
Al-Sudani detailed that the 2024 budget revenues are 144,336 billion dinars, while expenditures are expected to reach 210,936 billion dinars.
In June 2023, the Iraqi Parliament greenlit the general budget covering 2023, 2024, and 2025.
The current triple budget is Iraq's largest in history, estimated at approximately $153 billion annually. The Kurdistan Region is anticipated to receive around 12.6% of the total.
Notably, the budget carries a financial deficit of roughly $48 billion annually, the nation's highest recorded deficit, prompting concerns regarding potential repercussions amid oil price fluctuations.
The budget mandates a fixed price of $70 per barrel of oil and an exchange rate of 1300 dinars per US dollar for three years.
Iraq's oil export target is set at 3.5 million bpd, including 400,000 bpd from the Kurdistan Region. However, Kurdistan's exports have been suspended since March 2023 through the Ceyhan port in Turkiye after a compensation order by the International Chamber of Commerce related to "unauthorized" oil exports by the KRG between 2014 and 2018 without Baghdad's supervision.
Iraq is classified as highly committed to AML/CFT recommendations by MENAFATF
Shafaq News/ On Wednesday, the Middle East and North Africa Financial Action Task Force (MENAFATF) has classified Iraq as a country with a high commitment to the recommendations on combating money laundering and terrorist financing (AML/CFT).
The Iraqi Supreme Judicial Council's Media Center stated that this decision was made during the MENAFATF's General Assembly meeting held in the Kingdom of Bahrain from May 19 to 23, 2024.
The meeting's participants reviewed the assessors' report on Iraq and concluded that the country has taken significant steps to enhance its AML/CFT regime.
"The acceptance of the assessors' report means that Iraq will not be included on the gray list, which is a list of high-risk countries in the field of AML/CFT."
"This is a testament to the Iraqi team's success in convincing the MENAFATF General Assembly of the adequacy of the measures taken in this area."
Notably, Iraq's delegation to the MENAFATF meeting included Deputy Presidents of the Karkh Court of Appeal, Judges Ali Hussein Jafat and Diaa Jaafar, as well as Deputy President of the Rusafa Court of Appeal, Judge Ayad Mohsen. They were joined by representatives of the Anti-Money Laundering Office of the Central Bank of Iraq and representatives of other relevant Iraqi institutions.
Well folks was advised we would have positive indications today but now am being told it should come on the 24th which is this coming Friday which would give the banks time to deal with their Fridays and Mondays and begin to schedule appointments later into next week. We can only hope that at some point these projections will be accurate.
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A second confirmation of the above post has been received today so please stay alert come Friday, GOD Bless y'al for staying with us thru all this.
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Texas Snake, [05/22/2024, 10:04:11 p. m.]:
Yes
I have a suggestion to make if everyone could hold off comments until I can type it out.'
Comments being made about banks on Markz and what it could mean to your deposits
My suggestion once again is for each of you to open a brokerage account with a member firm of the NYSE as they insure uo to 500k on each account you open with them and then explore the Money Market
funds with No Load funding and reposition your b ank deposits into as many MMF's as needed to remain insured.
Texas Snake, [05/22/2024, 10:27:08 p. m.]:
I am going to watch the 4th quarter of the Dal Min playoff gamd so good night and GOD Bless everyone
