Today, Thursday, the President of the Republic, Abdul Latif Jamal Rashid, approved a number of laws, including the 2024 budget schedules.
The Presidency’s Media Department said in a statement - received by the Iraqi News Agency (INA): “The President of the Republic, Abdul Latif Jamal Rashid, ratified a number of draft laws, which are the schedules of the Federal General Budget Law for the year 2024, the first amendment to the Anti-Prostitution and Homosexuality Law, and the Law Extending the work of the Independent High Electoral Commission, and the first amendment law to the law regulating the rent of agricultural lands and granting ownership of the right to dispose of them for agricultural and veterinary graduates.”
The statement added, "The laws were sent after their approval by the President of the Republic for publication in the Iraqi newspaper Al-Waqae' to enter into force."
The Presidency of the Republic confirmed - according to the statement - that it is “moving forward in supporting legislation and laws that are in the interest of the country and citizens, by approving the laws approved by the House of Representatives, as well as by submitting draft laws by the Presidency of the Republic to the House of Representatives for the purpose of discussing and approving them.” LINK
As most know our Saturday is Iraq's Sunday. The new Budget was included in the latest Gazette but the rate was not given. I now have it from 3 different sources that Iraq is planning a nationwide celebration for this Sunday.
There are many foreign dignitaries in country for the party and the rate will be announced and the new ATM's with the new currency will be opened. So this is my hoped for announcement for tomorrow. GOD Bless.....
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Just an FYI but I closed the room after the comments about Gurus and MarkZ, this room is for my connections with major international bankers and NYSE upper management as well as a WF banker involved with actual exchange centers his bank has prepared to do actual monetary exchanges of currencies.
I plan on advising once the exchange platform is about to begin so we will have an advance alert.
Iraq and Britain discuss preparations for Sudanese's visit to the United Kingdom and ways to enhance partnership and cooperation between the two countries
A statement by the Ministry of Foreign Affairs stated that during the meeting, they discussed strengthening relations between the two friendly countries and discussing issues of common interest, as the Undersecretary pointed out the importance of working to develop frameworks for cooperation in various fields, noting that the two countries are linked by relations of common interests in various economic, political and strategic fields.
For her part, Cave pointed out, during the meeting, to the ongoing preparations for the visit of Prime Minister Mohammed Shia Al-Sudani to the United Kingdom, and ways to enhance partnership and cooperation between the two countries.
She also expressed her thanks and appreciation to the Iraqi Ministry of Foreign Affairs for its continuous support and assistance in overcoming the obstacles facing the embassy in Iraq, and praised the role of the ministry in enhancing cooperation between the two countries to achieve common goals. LINK
Wed. 26 June 2024 Texas Snake: Wolverine confirmed my Intel that the exchange process will begin in China move eastward to Europe and then to the US. As most knowour Saturday is Iraq’s Sunday.
The new Budget was included in the latest Gazette but the rate was not given. I now have it from three different sources that Iraq is planning a nationwide celebration for thisSunday 30 June.
There are many foreign dignitaries in country for the party and the rate will be announced and the new ATM’s with the new currency will be opened. So this is my hoped for announcement for tomorrowSat. 29 June. GOD Bless.
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Wed. 26 June 2024 Texas Snake
Well it looks like Wolvie was right.
The call confirmed what I had posted earlier plus indicated the exchange process will begin in China move eastward to Europe and then to the US.
They anticipate a start soon but cannot confirm the exact start date.
They are also positive we are almost there.
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TEXAS SNAKE
!3.31 in country to start then upward valuation.
Well the call confirmed what I had posted earlier plus indicated the exchange process will begin in China move eastward to Europe and then to the US and they anticipate a start soon but cannot confirm the exact start date.
They are also positive we are almost there.
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Texas Snake,
[06/21/2024, 6:30:45 p. m.]:
It's been awhile since I last posted however I only post when the info is confirmed.
Well the WF Banker responsible for 5 states exchange centers has advised that all his trained specialists will be on a one hour call to their assigned positions all this coming weekend and were cautioned this event could very well be activated so they should be aware of their duties for the next several weeks.
First they schedule appointments then they operate the necessary machinery at the various banks to complete the exchanges for US currency.
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Well one item that was confirmed during the call is that there were hundreds of ATM machines positioned all over the city and loaded with new lower denomination notes. They anticipate this weekend or during the Holy Week celebration.
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Texas Snake, [06/21/2024, 6:30:46 p. m.]:
It's been awhile since I last posted however I only post when the info is confirmed. Well the WF Banker responsible for 5 states exchange centers has advised that all his trained specialists will be on a one hour call to their assigned positions all this coming weekend and were cautioned this event could very well be activated so they should be aware of their duties for the next several weeks.
First they schedule appointments then they operate the necessary machinery at the various banks to complete the exchanges for US currency.
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
MZ: The first 45 minutes we spend with the CBD Gurus, go to the 45-minute mark for the news. Lower denominations being dispersed in July, and whatever else comes up.
Member: good Morning and Happy Weekend to everyone
Member: does Iraq have their new rate in the budget published this morning?
MZ: No I do not believe there is a new rate in the Gazette this morning. I am not expecting one till Wednesday . I have heard that Sudani has signed off on the budget and it is supposed to be headed to the Gazette . There was some hope it would be printed this morning.
MZ: Something fun popped into the news yesterday- both from banks and exchange locations in Iraq. There was a notice that they are expecting distribution of lower denomination bills in July.
MZ: Both of the confirmations I received this morning from contacts on the ground inside of Iraq used the same words that they were told to expect them to distribute/disperse lower denominations in July.
MZ: That tells us how stinking close we are. The only thing that could make me happier to hear is the RV announcement and us getting to set our exchange date .
MZ: So they started yesterday telling everyone they will see lower denominations in July. Why would they need theses lower denominations unless the currency is worth more?
MZ: The month of July starts tomorrow in Iraq. I anticipate a lot of movement in the month. They continue to educate businesses in Iraq on pricing structures …so that when there is a value change of the dinar….they will be able to reprice goods and the consumers will be able to adjust spending
MZ: So for me that is our biggest news out of Iraq overnight. July is looking exceptionally good.
Member: so it looks like we may have “Christmas in July” afterall…. Lol
MZ: Could bei cannot imagine releasing ower denominations months before a value change.
Member: Frank26 says lower denoms come out the same time as the value change.
MZ: Bond folks have been very quiet overnight…..
MZ: Heading stateside tomorrow for July 4th and some medical things…….so the next podcast is from the US
Membr: Safe travels Mark….and thanks for the wonderful news from Iraq.
Member: Everyone have a wonderful weekend…..hope its our last weekend broke.
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