Monday, June 3, 2024

Iraqi PM calls on Parliament to support government's legislative and oversight efforts, 3 JUNE

Iraqi PM calls on Parliament to support government's legislative and oversight efforts


Shafaq News / On Monday, Prime Minister Mohammed Shia Al-Sudani urged the Iraqi Parliament to strengthen the government's efforts by enhancing legislative and oversight activities. 

This call came following the parliamentary vote on the 2024 budget. Al-Sudani emphasized that "there will be no compromises at the expense of the people."


"With great appreciation and pride, we commend the responsible decision taken by the esteemed Council of Representatives in approving the budget tables for the year 2024, related to Law No. 13 of 2023, the Federal Budget Law of the Republic of Iraq for the Fiscal Years 2023, 2024, and 2025," the Prime Minister’s media office quoted the PM as saying.----


"We express our gratitude and appreciation for the efforts of the Presidency of the Council of Representatives, the political parties, the parliamentary committees, and the Finance Committee, which complemented the governmental effort in drafting and approving the budget tables (A, B, C, D, E, F)."


The PM continued, "We reaffirm our commitment to implementing the government program, approved by the Council of Representatives and supported by political forces, to achieve the targeted objectives and fulfill the priorities that reflect the aspirations and demands of the Iraqi people."

"We call upon the Council of Representatives and provincial councils to support the government’s work through their legislative and oversight efforts. These efforts are seen by our institutions as essential support, providing guidance for the right path and safeguarding against corruption, deviation, and failure. We have pledged to our people that there will be no delays or compromises at the expense of their interests. We will ensure the protection of public funds and the provision of services in all forms."


"We ask Almighty God for success, guidance, and our people's satisfaction."

Earlier today, the Iraqi Parliament voted on the 2024 budget tables. In the hours leading up to the vote, there was significant debate within the Parliamentary Finance Committee, resulting in the budget tables being voted on twice due to disagreements.


Saad Al-Toubi, a member of the Parliamentary Finance Committee, confirmed that the committee had voted on the federal budget tables for 2024 without making any changes. 

He noted that two trillion IQD were allocated for transfers between spending categories.


During a press conference held by its members following the parliamentary vote, the committee stated that "student grants for university and school students have been secured, and allocations for employees have been increased by four trillion IQD to secure salaries for employees, new hires, retirees, and to implement contract terms and appointments, including those whose contracts were canceled."

The committee noted the allocation of "1.25 trillion IQD to secure the increased salaries for retirees," announcing the provision of "funds for the end-of-service bonuses for both civil and military retirees."


The Finance Committee confirmed "an increase in social welfare allocations to include more than 650,000 new families," and highlighted "an increase in the capital of the Real Estate Bank by 500 billion IQD to cover housing loan requests from citizens."

Additionally, the committee allocated five trillion IQD to secure the dues of farmers for the purchase of wheat and barley crops.

In June 2023, Parliament approved the Federal Budget Law for 2023-2025, totaling 197 trillion dinars, with a deficit of 63 trillion dinars, approximately one-third of the budget.

PM Mohammed Shia Al-Sudani revealed that the 2024 revenues are around 144 trillion and expenses are at 210 trillion, leaving a deficit of 63 trillion dinars.

"RV UPDATE" BY CLARE, 3 JUNE

  Clare  

Article: "Al-Mandalawi after voting on the budget tables: Parliament will follow up on disbursing the specified financial amounts". 

 The Acting Speaker of the House of Representatives, Mr. Mohsen Al-Mandalawi, congratulated the approval of the federal general budget schedules for the current year, stressing that the presidency made great efforts with the Parliamentary Finance Committee to expedite its completion and vote on it during the current legislative term, due to its importance in terms of its direct connection to the lives of citizens and its relevance. The document includes strategic, investment and service projects.”

 Article: "Parliamentary Finance for Nina: We approved the budget schedules as received from the government, except for the governorate allocations."  

Quote:   "The Parliamentary Finance Committee announced that the schedules of the general budget law will be passed as soon as a quorum is reached in the House of Representatives session scheduled to be held this evening, Monday."
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🔥 Iraqi Dinar 🔥 Shocked Floatl 🔥 Today News Guru Intel Update Value Exch...

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Iraqi Central Bank reports surge in bank account growth, 3 JUNE

 Iraqi Central Bank reports surge in bank account growth


Shafaq News/ The Central Bank of Iraq (CBI) announced on Monday a significant increase in the growth rate of bank accounts over the past years in the country.

According to a CBI statement, the growth rate of bank accounts surged by 90% from 2018 to 2019, reaching a total of 12.5 million accounts.


The growth rate peaked in 2020, maintaining a 90% increase, with the number of bank accounts hitting 12 million. However, the rate dropped significantly in 2021 to its lowest level at 10%, totaling 1.5 million accounts.


The Central Bank highlighted a rebound in 2022, with a 30% increase, bringing the number of accounts to 4.5 million. This upward trend continued in 2023, with a 54% rise, resulting in 8 million bank accounts.

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Sharing highlights of GLL chat conversation following Mark Z and Mr C morning from GINGER TELEGRAM CHAT, 3 JUNE

 💢 Sharing highlights of GLL chat conversation following Mark Z and Mr C morning 6.3.24 [Gin Gin interjects when needed ✅😁]


💢 Birdieorbust: 


·Mr. C saying Iraq CANNOT go before he enters the codes.  

·Per Mr. C, the market has no bearing on when we go, via Interpol. 

·Mr. C thinks 'the rat take-down' will go as far as Nuremberg when he enters the codes. That means doctors, nurses etc, will be affected. 


·For those who keep saying 'Biden has to be out of office before we go camping', Mr. C just clarified that it can happen two hours before or two hours after he enters the codes AND we cannot go Camping until he puts in the codes...


 [Per Alliance, Ginger confirms this is True ✅] 


·Also Mr. C saying he thinks the EBS and our event will be at the same time... [Absolutely. Ginger confirms this, per Alliance ✅]

·And hearing Mr. C say (all) this today confirms my info that Iraq is waiting on US and not the other way around. [FACTS ✅]----


💢 Shirley 1130: Mr C. Just said that while he is putting in the codes, the EBS will be happening. Recommend watching him on Mark Z this morning.  He has some detail of how he is chosen.

[Gin Gin highly recommends you learn about Mike Cottrell and check out today's podcast. 🌟 Important. Foundational info regarding process and significance of his role/duties. ✅]


💢 Ginger: Mr C is tasked with entering the key codes which will not only release ALL of the gold-backed / asset-backed currency to all of the countries, this action will also cancel out all fraudulent, illegal banking derivatives. There can be no old Debts transferring into the New Financial System, as we encounter this Global Currency Reset. All illegal banking/loan Debts will be cancelled. Dissolved. Clean slate & Debt Jubilee for everyone. 


💢Jodi: I believe there are several avenues to get to the release point. Mr. C is the main avenue, but there are always workarounds prepared. These silos of intel are intended to keep people, especially dark energies, from knowing the whole map.


💢Wearevenom: Don't agree. Iraq will plunge into chaos soon if they don't go (RI/RV). Plus they don't need the US anymore. BRICS is always an option for them. Mr. C is not needed for Iraq.


💢 Birdieorbust responds: Well they are already using their new rate for certain things in Iraq so not to worry there will be no chaos for them. [Gin Gin confirms this is true ✅. They have been using an in-country rate for months, plus they are even paying contracted workers over there with the New rate, they just don't have full liquidity as of yet, but they certainly can see it accumulating in their accounts. They see the earnings as the new rate.


But it's very true that Iraq must absolutely change their rate for International Trading and Investment purposes. They've already made excellent strides and earned the respect and confidence of Nations. They must pull the trigger or they would lose all respect. This is REALLY happening. Plus, Iraq has been working off of 2 "set of books" GG] 


💢Randy Brennan: Mr C plays a role in the GCR via the codes to release resources to the 209 countries in the gold treaty. This will happen after the revaluation of the 23-25 currencies in “basket number one”. The revaluation of this handful of currencies which we are all looking forward to is a precursor to the Global Currency Reset. There is a sharp distinction between the two events. Blessings 😇


💢Earnest Gold: Keep in mind, Kuwait RV’d 7-10 days after (budget approval). We are close!!! With today’s technology (social media), I can’t see them (IRAQ )being able to keep it quiet that long. [✅ Yup! Totally agree. GG]


💢 Many Thanks to all you Liberty Loungers Extraordinaire for your intelligent add to the conversation. 

For those who want to catch up on Mark's conversation with Mr C this morning, here's the link: ✅⬇️😁

https://www.youtube.com/live/JzNRCvd3YmA

Iraqi Dinar Guru News Highlights (6/3/24)


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CBI bars 197 firms from forex auctions in anti-money laundering push, 3 JUNE

CBI bars 197 firms from forex auctions in anti-money laundering push


Shafaq News/ Iraq's central bank has banned 197 companies from participating in foreign currency auctions, a move seen as targeting money laundering and terrorism financing.

The Central Bank of Iraq (CBI) sent an official letter to licensed banks instructing them to bar the 197 companies from the foreign exchange window, according to documents seen by Shafaq News Agency.


With dollars dominating the country's economy, Baghdad has imposed a series of restrictions on the use of American greenbacks domestically. 

Earlier this month, the CBI vice governor said Iraq has considerably increased overseas dollar transactions through the official global SWIFT system, the Central Bank vice governor said last week.----


At the end of 2022, the country's banking sector also adopted the international financial messaging system known as SWIFT as part of the reforms, to help tackle money laundering and ensure respect for international sanctions.

Oil-rich Iraq has no shortage of dollars, with foreign currency reserves of more than $100 billion. However, experts say tax evasion, the black market, and dollar smuggling to countries and entities facing United States sanctions, mainly neighboring Iran, have increased demand for foreign currencies.

At the beginning of 2023, transactions were at $50 million per day. Iraq now has around $200 million, which is consistent with the size of Iraq's economy, according to official estimates. 


Iraqi banks wanting to access dollar reserves held in the United States must make transfers through the electronic system. The US Federal Reserve will then examine the requests and block them if it finds them suspicious.

But the black market is still thriving. 



The official exchange rate is fixed by the government at 1,320 dinars to the dollar. On unofficial markets, the dinar has been trading at 1,470 per dollar.


Iraq has close commercial ties with Iran, which also wields considerable political influence in Baghdad where its Iraqi allies dominate parliament and back the current government.

Prime Minister Mohamed Shia al-Sudani acknowledged last year that sanctions preventing dollar transfers to Iranian banks had driven Iraqi traders to the black market.


In late November, the government announced steps to encourage importers of goods like cigarettes, cars, gold, and mobile phones to use official channels to obtain dollars.

Iraqi authorities have banned more than 20 Iraqi banks from conducting dollar transactions in accordance with US regulations regarding sanctions and against money laundering.

The banned banks are restricted from dealing in dollars, but they are allowed to operate local transactions.