IRAQI BANK FRIEND AKI UPDATE BY WALKINGSTICK, 14 JULY

 Walkingstick 

 [Iraqi bank friend Aki update] 

Aki...wanted to report there is a big run on the banks of Iraq right now by the Iraqi citizens.  They're pouring into the banks.  It's not happening in Aki's bank [Which is in Michigan] it's happening over in Iraq. 

 What's going on is it was, last Tuesday, they announced to the Iraqi citizens, you have a new currency coming.  So all of a sudden people started pouring in the following day on Wednesday and Thursday...'We are giving you a new currency,' is what triggered this.

All the sales of oil are now in Iraqi dinars  and no longer in American dollars...The National Oil Company of Iraq will now receive the Iraqi dinars, through them, into the banks of Iraq for the GOI to use.  No foreign currency.  Nobody stealing foreign currency or their currency.  Security and stability is because of the control Sudani has.

Exciting Developments in Iraq: Global Recognition & Partnerships #iraqid...

Reasons for returning the budget to Parliament and the Parliamentary Finance Committee opens an investigation into it!

 Individual from the Parliamentary Money Council, MP Moeen Al-Kadhimi, uncovered today, Saturday, the explanations behind returning the financial plan to the Place of Delegates, while affirming that the board of trustees has opened an examination concerning the matter.

Al-Kadhimi said in a meeting with Al-Sumaria television that the spending plan tables endorsed by the Place of Agents are similar tables sent by the public authority, and when they were moved from the Parliament Administration to the Top state leader’s Office, obviously a few changes had happened in these tables, adding that they were gotten back to Parliament to revise them and resending them to the Chamber of Clergymen as they were.

Al-Kadhimi added that this correction is in the possession of the Administration of the Chamber of Delegates, and it can make the revisions and resend them without alluding to the Money Advisory group, demonstrating that the Money Panel will open an examination concerning this adjustment of a portion of the numbers that raised the spending plan from 211 trillion to 226 trillion.

MP Baqir Al-Saadi uncovered, on Thursday (July 11, 2024), that the spending plan would get back to the Place of Delegates to make a few minor changes to it.

ABOUT THE HCL ON THE 14TH? BY FRANK26, 14 JULY

 Frank26

  Question: "Do you think the HCL on the 14th?" 

 I can't pick a date of anything but I can tell you this much, in my heart, quickly, now, this month.  The HCL requires a new exchange rate.  After the 14th I think a lot of windows are going to be opened up.  

 Question:  "With the currency economy would you keep some of the IQD, it not exchange it all?"  

This is something you have to decide.  I can't tell you what to do...My intentions are to take about 10% of what I got...exchange it.  

 Because that'll help me establish and get myself where I want to be...The other 90% I'm going to watch the float...As it goes upward, I'll probably take another 10% and cash it out at, maybe it's at $2.00 by then. 

 If it ever reaches the reinstatement $3.22 I might be tempted to move an awful lot of it because after that it's looking for a cap and that cap might be $3.22, it might be in the $4.00 range.  I don't know.  That's the sequence I'm going to follow.  10%, 10% then eventually when it feels that it's time to move it all, we do it.  

2024 Budget Revealed: Iraq's Currency RV & Vietnam's Export Opportunitie...

The Iraqi Chambers Of Commerce Signs A Memorandum Of Understanding With Its European Counterparts

  Economy     European Union     Federation of Iraqi Chambers of Commerce     Memorandum of Understanding  

2024-07-12 08:22   Shafaq News/ The European Union Ambassador to the Republic of Iraq, Thomas Seiler, announced that Iraq had signed a memorandum of understanding with the European Chambers of Commerce.

Sayler said in a statement received by Shafaq News Agency:

“On my initiative, the Federation of Iraqi Chambers of Commerce and the European Chambers (its counterpart at the European Union level) signed today in Brussels a memorandum of understanding for mutual cooperation.”  

He added, "This understanding will give Iraqi companies access to better options for cooperation and trade with companies in a large market that includes more than 40 European countries, including the 27 member states of the European Union." He stressed that  "supporting small and medium-sized companies and developing the private sector is a major political goal of our cooperation with Iraq."   https://shafaq.com/ar/اقتصـاد/غرف-التجارة-العراقية-توق-ع-مذكرة-تفاهم-مع-نظيراتها-الاوروبية    

ABOUT THE BUDGET OF IRAQ WAS UNCONSTITUTIONAL BY MILITIAMAN & JEFF, 14 JULY

 Militia Man 

 [Response to Guru Jeff 3-12-2024 below] 

The 2023-24 budget has been approved and voted on and even in the Gazette as of ~June 2023.  It allows the government to make amendments to things.  Is this constitutional thing?

 I don't think so.  

I think they're minor amendments.  It has nothing to do with being constitutionally outside of the block.

 Jeff 

 Article: "The 2024 budget will be returned to the House of Representatives and the reason is revealed" 

 Iraq approved their budget on Monday June 3rd. I've known since June 4th Tuesday that the budget was unconstitutional...I've stayed quiet since to let the news catch up.  I knew this immediately was unconstitutional.  I knew it was going to get overturned by the court, the whole time.  Now you're witnessing it.  The news is finally, a month and a half later, catching up...That's how far ahead we are...