Friday, July 5, 2024
A leader in the democracy announces the resolution of the region’s salary dispute with Baghdad
The leader of the Democratic Democratic Party, Wafaa Mohammed Karim, announced the resolution of the region’s salary dispute with Baghdad.
Karim said {Al-Furat News} that: “The issue of the salaries of the Kurdistan region has been almost resolved, where the lists of names were printed, as well as the Federal Court issued a decision on the possibility of localizing salaries in the region.”
“So far, there is only the subject of security salaries, some of which will be sent in cotts and not with lists of names,” he added.
Karim said “reaching a solution in sending the Asayish and National Security lists in the form of cots.”
The Kurdistan Regional Government (KRG) welcomed the decision of the Federal Court for Freedom to nationalize the salaries of regional employees in private or public banks.
In a statement, the Kurdistan government promised that the Federal Court’s letter represents a positive and fair step, which will allow the salary receivers in the region the freedom to choose to determine the bank in which they want to settle their salaries, announcing the continuation of working in accordance with the instructions of the Central Bank of Iraq, and the banks participating in the (Account) project must continue the process under these instructions, so that all salary receipts in the region must be registered in this process by the end of this year.
Raghid
https://alforatnews.iq/news/قيادي-في-الديمقراطي-يعلن-حل-خلاف-رواتب-الاقليم-مع-بغداد
LATEST FROM FIREFLY, 5 JULY
Frank26
[Iraq boots-on-the-ground report]
FIREFLY:Saleh on the news talking about soon the parallel market will be same as regular...
FRANK: ...The parallel rate doesn't exist anymore and if it doesn't exist anymore it's because they have a new exchange rate. The parallel rate was because you had a program rate.
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FIREFLY:
The Gazette, it's been printed but with July 1 date and there's no budget and no budget schedules in it.
Maybe we have to wait for that appeal and the 15 days.
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[Iraq boots-on-the-ground report]
FIREFLY:
Television says that the development road project has Iraq as center of global trade and it will be the hub for the Middle East.
FRANK: Of the Middle East? No. The world...They're trying to tell you, you have a new exchange rate because these words don't mean anything at 1320.
FIREFLY:
We are now hearing from our news on Channel One that Iraq has been fully accepted into the WTO. This is going to be official...July the 18th. FRANK: To join the WTO Iraq does not need a currency with value. No, that's not the point. Iraq needs a currency that has no restrictions, no handcuffs, no limitations in order for it to float on an international market...whatever the case this is very good.
The television is saying parliament committee is saying there is a new number in the budget. They just admitted we have a new exchange rate and they say they want to be in charge of it, that they want to control, they want to put some votes...Saying the budget has numbers that will change and that's unconstitutional without another reading...It is a 15 day appeals process..
Central Bank Explains New Mechanism for Delivering Dollars to Travelers
Baghdad – Mawazine News
The Central Bank of Iraq revealed, on Thursday, the new mechanism for passengers to receive foreign currency (dollars), which will be exclusively through corporate outlets and banks at international airports.
“The goal of the new mechanism, which will enter into force on July 14, is to reach the real traveler and pass proper transactions, as well as facilitate the arrival of travelers to the dollar faster,” the bank said in a statement.
The Central Bank reviewed “the new mechanism for travelers to receive their share of foreign currency (dollars) by the traveling citizen going to the authorized exchange companies, spread in all cities to deliver the amount in dinar equivalent to the citizen’s share of the dollar according to the official exchange rate of the Central Bank of Iraq.”
He pointed out that “the company will work to enter the data of the traveling citizen and remove his name in the electronic platform of the Central Bank of Iraq and deliver him a receipt that supports the process of depositing the dinar, to receive the cash dollar exclusively inside the airport,” noting that “when completing the departure procedures, the amount will be delivered in dollars through the ports available at the airport, 24 hours a day, 7 days a week.”
The statement noted that “the Central Bank decided to allow exchange companies to receive more than one quota during the week in order to achieve full response to traveler requests.”
LATEST FROM MILITIAMAN, 5 JULY
Militia Man
The Oil and Gas [Law] and the presidency of the House of Representatives, I think those are going to be coming, tie to tie, hand in hand because...if they need to value...assets, they're going to need a real effective exchange rate...
Militia Man
Iraq has a meeting with the WTO according to the calendar...on or around the 18th of this month. What is it about? It's talking about their accession process, whether that's going to happen or not that day I don't know but assuming that it's moving forward it sounds like their accession is going to be imminent.
You're not going to get Iraq to jump into the world market, the global stage, without being able to be competitive and communicate electronically - Platforms needed to be designed...We know they have e-government...e-education, they have all that and done it over a short period of time. The electronic systems at the borders, the ISA system are global. They are worldly...The WTO is at the core of this. It's real.
Iraq...hasn't had a real effective exchange rate for over 20 years...Man we're really really close.
The Real Effective Exchange Rate changes the whole dynamics. They wouldn't have gotten this far in the stage if they were going to go do all the things they're talking about at 1310. They would have already done it by now...
They're effectively stating to everybody that they're going international. They're giving a laundry list of all the things they've done, are doing and in support of where they're headed.
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That's what we are waiting for as we speak [seeing what's in the budget]. We haven't seen them expose that rate or that information to us just yet but they're going to. They don't have much choice because June 12th it [The budget] became law...The court already said... just because they have an appeal doesn't mean they have any weight to them.
The budget is only at $70 [per barrel], they've been trying to see if they can modify it and kick it up to $80 so they can spend more money...Oil prices are at $80+ and they think it's going to keep moving forward for the next year or year and a half.
Article quote "...the global energy market sources indicate the current rise in oil prices will continue until the end of the year 2025."
Everybody should be pumped and ready to go...
Article quote: "Sovereign guarantees to the private sector will contribute to the industrial renaissance"
This article right here will blow your socks off...
https://dinarevaluation.blogspot.com/2024/06/rv-update-by-militiaman-27-june.html
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