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🙏Wow 25,000 Iraqi Dinar Is Equal To $25,000 USD 5/13/2024
Today's 6/6/2024 ( Eastern Time ) IQD Rate On Live Forex, Back Screen Rate And https://it.tradingview.com/chart/?symbol=USD%2FIQD All Are Showing $3.78 USD
Thursday, June 6, 2024
IMPORTANT IRAQ NEWS: THE CENTRAL BANK EXPLAINS THE “FISCAL CONTROL” MECHANISM CONTAINED IN THE BUDGET, BY MNT GOAT, 6 JUNE
THE CENTRAL BANK EXPLAINS THE “FISCAL CONTROL” MECHANISM CONTAINED IN THE BUDGET
On Tuesday, member of the Board of Directors of the Central Bank of Iraq, Ahmed Barihi, clarified the term financial control contained in the federal budget, as many officials misquoted it during their press statements, which may lead to unintended errors.
Berihi told Al-Maalouma, “The general concept of the term financial control mentioned in the federal budget among public finance specialists is the attempt of the government and the executive authorities to adhere to balance in order to exceed the deficit rate in future budgets and not reduce it to the deficit in the current budget.”
He stated, “Many officials misuse the term in their press statements, which may lead to unintended errors.”
He pointed out, “The government must benefit from the increase in annual revenues, whether oil or other, as well as develop productive projects to enhance the treasury’s financial resources to achieve the term.”
He continued, “Achieving financial control requires serious monitoring of costs on a permanent basis and follow-up by the regulatory authorities represented by the Financial Control and Integrity Department and the House of Representatives regarding determining project costs.”
"RV UPDATE" BY TEXAS SNAKE, 6 JUNE
TEXAS SNAKE
Texas Snake, [06/03/2024, 10:32:59 p. m.]:
Well it's about 0530 AM in country and the info I am receiving is that the new rates will appear either when the banks open today or they will wait for the FOREX opening on Wednesday to be able to publish the new rate in the Gazette Paper. Wish I had better intel but most of the UK is asleep now.
Not much reason to open as this is all I have at this time...
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Well folks the information I have rec'ed today indicates a number of the large bondholder paymasters have been invited to Reno to begin exchanging their bond portfolios over the next 24 to 48 hour window.
We are then scheduled to begin receiving notification to begin scheduling appointments.
I have this info from 3 sources and am waiting confirmation from the banker, hopefully tonight or early AM. Will open for a short time so any members who have any news can share.
Thanks for all the members joining us and GOD Bless.
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IRAQ NEWS DISCUSSION: "Another economic success added to the Iraqi government, the international community trusts Iraq" BY MNT GOAT, 6 JUNE
AL-DARRAJI UNVEILS A GIANT INDUSTRIAL PROJECT IN PARTNERSHIP WITH FRANCE
Baghdad – Iraq Today:
Mohammed Sahib Al-Daraji, Technical Advisor to the Prime Minister, announced the signing of the minutes of a meeting of the agreement between the French Export Finance Corporation and the Iraqi Sovereign Guarantees Committee to start financing the construction of factories and irrigation tools in Iraq, with a ceiling of one billion euros within 3 years.
“At the headquarters of the Iraqi embassy in Paris, the minutes of a meeting of the agreement between the French Export Finance Corporation and the Iraqi Sovereign Guarantees Committee were signed to start financing the construction of factories and irrigation tools in Iraq with a ceiling of one billion euros within three years,” al-Daraji said in a post on the X platform.
“Another economic success added to the Iraqi government, the international community trusts Iraq,” he said.
"GINGER HAS BEEN TELLING YOU TO WATCH THE GAZETTE OFFICIAL ANNOUNCEMENT FOR YEARS" , 6 JUNE
💢 Reminder - Gin Gin has been telling you to watch the Gazette official announcement for years... Super important marker. 6.5.24
💢Mark Z: via PDK - Comment: It looks like the Iraqi budget needs to be published in the Gazette before it becomes legal.
If they are waiting on that it may be Wed or Sat …or it becomes legal 15 days from yesterday?
MarkZ: Exactly…At this point we are expecting it to be published in the Gazette [Wednesday] or Saturday… There is a mechanism to RV in the budget.
And I have a ministry contact in Iraq who still thinks we will see a new rate with the budget. Whether that is Wed. or Sat…we will see… This contact works in the government in Iraq.
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💢Q & A - Currency Auctions in Iraq.
Ginger often said it was a significant marker and we need to see them come to a complete stop which is a sign that they are ready to implement their new, international rate change. ⬇️👀⬇️
💢 Member: Miss Gin Gin, have you confirmed that the auctions have stopped?
💢Ginger: The currency auctions seem to "stop and go/resume" -- but Iraq already said they would continue the currency auctions until the end of the year in a news article (read this more than a month ago). I'm not fazed by this at all - because they are going to do their best to cloud the timing and intentionally put out misinformation.
So in other words, if they are setting up camp as if they are ready to go NOW, they will try to put fake news out there giving the impression they are still months away from RI/RV.
💢We found this insight from Jon Dowling very interesting today ⬇️ Kindly note the reference to currency auctions ✅ 6.4.24
"Folks, Iraq has done the work. They just stopped two hundred companies from currency auctions without notice. They are ready to RI.
We’re just waiting on Israel, who is dealing with Syria and other factions. Next their attention will turn to Iran. Be blessed and ignore the haters doubters and deniers. They will be silenced soon! They will eat their words in regret. - Jon Dowling
~ Ginger of the Liberty Lounge
https://dinarevaluation.blogspot.com/2024/06/q-currency-auctions-in-iraq-4-june.html
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