Economy | 03:15 - 06/05/2024 Baghdad - Mawazine News The Iraqi government announced, today, Wednesday, that the value of foreign loans to Iraq decreased to about 9 billion dollars, after canceling about 31 loans from 2003 until the end of last year 2023.
The technical advisor to the Prime Minister, Muhammad Sahib Al-Daraji, said on the sidelines of an economic forum He resides in Baghdad and was followed by Mawazine News.
He said, “A specialized committee has been formed to reveal the amounts borrowed by Iraq from 2003 to the end of 2023, and to track the fate of this money and the projects that were completed thanks to these loans, and which are still under completion, and what are the faltering projects among them?” ".
He added, "Iraq was able to cancel about 31 external loans, leaving those loans worth 8 billion and 900 million dollars remaining," explaining that "these efforts aim to enhance transparency and monitor public spending, and ensure that loans are directed towards vital projects that contribute to developing the infrastructure." Infrastructure and basic services in the country.
He stressed that "the committee will continue its work to follow up on the use of the borrowed funds and ensure that the desired goals are achieved." https://www.mawazin.net/Details.aspx?jimare=249201
• Contracts fulfilled in IQD’s in the budget projects in the coming days. All will go thru the WTO.
• We were allowed to ask questions. All were answered except one
• Is this happening now? In the coming days? A = Yes
• What will happen in the coming days? A= Value
• We are adding value to our currency
• Can you show me the exchange rate? We are not disclosing it but we are telling contracts will be fulfilled in the coming days
• We are showing the contractors the new rate. And Those contracts will be fulfilled for their value but will be paid in IQDs only
• Then we can do the math based upon this information… This was met with quiet…
• Q: The new notes would be the next step yes in conjunction with the new rate yes?
• Answer = Yes
• This is happening in the coming days. They were a bit standoffish when pressed about what exactly does coming days mean… They continued to be standoffish… no answer. Keeping it close to their chest so they dropped it
• Walking stick said, In the coming days? “Whatever the hell that means.” Lol
• Parliament says we had a massive deficit and now we have a massive surplus?
• Yes because we have a new rate
• 15 days from the moment that budget is published in the Gazette and gets back to the GOI is goes into effect!!!!
• If we see the budget Saturday
• Do not be dismayed if the rate has not changed when the Gazette publishes it
• Al-Sudani is the Guardian of the rate
• When they signed the budget on Monday Parliament acted like they did it…
• 57 Trillion Dinars missing from the 2023 budget SO he is protecting the budget from Parliament
• Parliament wants to know the new rate so that they can steal money into fake accounts and black projects
• When the Gazette comes out it will reveal a lot
• DO NOT BE DISMAYED IF THE NEW RATE IS NOT IN THE GAZZETTE (Walking stick) due to the corruption from Iran stealing the currency from Iraq
• Al-Sudani is going after the 57 Trillion stolen from the 2023 budget
• Corruption rearing its ugly face and Al-Sudani wants answers now
• The international world is currently using the new exchange rate right now.
• Al-Sudani’s oath has no date it has his promise
• Let’s see what we find out about the 57 Trillion Dinars in the coming days
• Al-Sudani is removing those who are stealing
• Al-Sudani does not play that game anymore
• This level of money 57 Trillion Dinar is politically connected.
• Al-Sudani is not going to release the budget until he tracks down the perpetrators who stole 57 Trillion Dinar
• The monetary reform must not fail
•
• This meeting had ALL Iraq’s very important people at this meeting
• Again do not be surprised if he releases an “Operational budget” THIS SATURDAY because he is chasing down that 57 Trillion Dinar that was stolen. This will be the same as they have been doing this all this time, running it at 1320.
Just to keep it running
• Final note…
• Yes..”They are at a Middle East pace”. Al-Sudani is timing this for perfection.
• A slow pace is not for the float.
• It will move much faster than most are predicting right now
• You see… I know the rest of the notes…. So I know when I will see you for my next broadcast
Oil Prices Continue To Decline Amid The Increase In US Crude And Fuel
Energy Economy News _ Baghdad Oil prices extended losses in early Asian trading on Wednesday, after a report showed an increase in US crude and fuel inventories, raising concerns about demand growth.
Brent crude futures fell 14 cents, or 0.2 percent, to $77.38 per barrel by 0005 GMT. US West Texas Intermediate crude futures also fell 18 cents, or 0.3 percent, to $73.07 per barrel.
Both contracts fell about a dollar in yesterday's session on Tuesday and about three dollars a barrel on Monday, under pressure from the OPEC+ coalition announcing plans to increase supplies starting in October, despite recent indications of weak demand growth.
Data from the American Petroleum Institute showed that stocks of crude oil, gasoline and distillates in the United States rose last week. High inventories are usually a sign that supplies are exceeding demand.
Figures from the American Petroleum Institute showed that crude inventories rose by more than four million barrels in the week ending May 31, compared to analysts’ expectations of a decline of 2.3 million barrels in a Reuters poll.
Gasoline stocks also rose by more than four million barrels, which is much more than the two million barrel increase that analysts expected.
💢 Interesting conversation with Admin Extraordinaire, VE, in regards to exciting news coming from Militia Man's Monday 6.3.24 podcast.
I felt the info was extremely helpful and I'm going to interject a few things. ⬇️✅⬇️
💢VE: Hey Earthling. Listening to Monday’s Militia Man. This is what I got out of it.
💢Ginger: 😁- thank you, fellow earthling. You crack me up. 😛🤣✅)
💢VE: Love his cats. Most important info.
💢Ginger: We 💓 Wally & Winnie 😍🥰🤩✅
💢MM: Auctions were stopped on May 30.
💢 Ginger:🧐 - hmm, 🤔 not sure that's true. ?? I thought it was documented there were actually regular currency auctions going on in Iraq Tuesday 6.4.24. So it's uncertain exactly which currency auctions he's particularly talking about. 🤨🧐🤔✅
💢MM: Looking for placement of budget in Gazette on Saturday. If not Saturday then following Wednesday or Saturday. After 15 days it’s automatically approved.
💢Ginger: Excellent point. This is fantastic! Plus I want folks to know that while Wed & Sat are the typical days the Gazette is published, it wouldn't be beyond the realm of possibility for them to even print a "Special Edition" on a day of their choosing in effort to speed the process up. To be clear, I'm not saying they WILL; I'm just saying it's safe to say they THEY CAN. Maybe this is something we can all pray for? Also a friendly reminder, in accordance to Iraq laws, their citizens must see the new rate of exchange in their National Gazette in print, before it becomes the law of the land. I love their emphasis on transparency before their citizens. Been telling you for a very long time that this is a necessary marker to watch for. ✅
💢MM: Iraq Parliament is talking about an “abundance”. Whereas their budget shows a trillion dinar deficit. Maybe they know something. 😂😂😂
💢 Ginger: Yes!! Absostinkinlutely!! 💥😛🤣😂😁💥 They know what abundance will rain down once the switch happens! Yay! 😁🎉. C'mon RI/RV!! Also want to remind everyone not to feel bummed because their older 1300 rate was named in the recent budget. They have mechanisms in place in Iraq, already established, that will permit them to change the rate at will. So just look at that little lousy number as fake news. We know the IQD will soon become "The Father of the Dollar" as Al Sudani so often reminds their people. They will reestablish themselves as the most valuable currency in the Middle East, in the world, basically. Fear not! 😁✅
💢Family, I'm getting more exciting news, too, but just need some more time to both clarify details and vet the information before I bring it forward. I've taken the last two days off work: and though I'm supposed to be "resting", so much info is coming in, it's kept me pretty busy. Oye. Stay grounded! Observe but don't absorb. I love you 💓