Planning announces the completion of the five-year development plan from this year until 2028, 25 JULY

Baghdad – 964

Planning Minister Mohamed Tamim announced on Wednesday that his ministry has completed the five-year development plan from the current year 2024 until 2028.

His ministry said in a statement, the network received 964 copies of it:

The Minister of Planning, Mohammed Ali Tamim, received today the Australian Ambassador to Iraq Glenn Myler and his accompanying delegation, where the meeting, which was attended by the Director General of International Cooperation, Saher Abdul Kadhim, witnessed the discussion of a number of issues and files of common interest.

During the meeting, the Minister of Planning praised Australia’s support for Iraq’s efforts in various fields of development.

The Iraqi government has set a package of priorities it is seeking to achieve within its government program.

Completing the five-year development plan for the years 2024-2028, and the priorities it included to achieve the goals of sustainable development, keeping pace with challenges, and optimizing the use of natural resources, foremost of which is rationalizing the use of water and combating desertification, and confronting climate change, by finding innovative solutions and treatments, as well as moving towards building integrated, environmentally friendly residential cities, and developing solutions and programs to address unemployment by encouraging employment in the private sector.

The plan aims to expand the field of renewable energy, take advantage of solar energy, provide electric energy, reduce dependence on fossil fuels, and work on the establishment of 4 solar power plants in the governorates of Muthanna, Karbala, Anbar and Kirkuk.

The ministry’s preparations for conducting the general census of population and housing on November 20, and its strategic importance, in indicating development gaps, and drawing a picture of the Iraqi reality in all sectors of development.

Australian companies are invited to take advantage of the investment opportunities available in Iraq in various sectors.

For his part, Myler praised the level of cooperation between the two countries, expressing his country’s readiness to strengthen and develop this cooperation, in the interest of the two friendly peoples.

https://964media.com/411866/

RV UPDATE BY MILITIAMAN, 25 JULY

  Militia Man 

 I think Iraq's pretty hot right now... Sudani...is kicking butt and taking names...Everybody's got an interest because the Development Road Project is going to provide a lot of opportunities for a lot of different people in the region.  The world has realized how far along he is... Sudani is knocking out of the park...He's setting the stage or the development road project to begin.  It's starting up on fire.  It's going to be great.

Militia Man  

They haven't started oil pumping and you have to ask yourself, why?  Because they need revaluation for that and I think that's what we're waiting for.  Is that some sort of delay?  I don't think so.  I think the inner connectivity of the most complex revaluation situation in the history of mankind...is complex.

--

Militia Man 

 I think when they say, "Whose operations are constantly expanding in favor of dealing at the fixed official exchange rate", is an argument suggesting that instead of being a floating currency...they're leaning towards a fixed official exchange rate for some time...

 Iraq has been and is seeking to join the World Trade Organization...Iraq is promoting self-sufficiency.  Why? Because they have all kinds of assets.  They have inputs and outputs.  They have so many natural resources that they're going to be able to make things, to be able to have excess...There's a working party on accession of Iraq [into the WTO] on the 18th of July.  That's important.

https://dinarevaluation.blogspot.com/2024/07/latest-from-militiaman-10-july_0131313577.html

Boosting Development: Iraq-US Collaboration for National Progress #iraqi...

Al-Rafidain announces the application of the comprehensive system at the bank’s port at Baghdad airport, 25 JULY

 Al-Rafidain Bank announced the application of the comprehensive banking system at the bank’s outlet at Baghdad International Airport and the Or branch in Dhi Qar to join the branches that have been activated the comprehensive system in Baghdad and the governorates, in addition to the branches of border crossings (Zarbatiya – Safwan – Arar – Trebil).

In a statement, the bank said in a copy of which {Euphrates News} received that “the number of branches in force and completed for the system has become (35) branches, in an important step to strengthen the banking system, fulfill its requirements, leave paperwork and turn to electronic systems.”

He stressed that “the digital transformation plan and the adoption of the comprehensive banking system are proceeding in accordance with the times set to include all branches of the bank by applying the system, especially as one of the priorities and adoptions of the government program is the electronic transformation in financial transactions, reducing routine episodes for citizens, reducing time, simplifying procedures, overcoming obstacles and intensifying efforts to improve the level of services provided to customers and completing their transactions.”

https://alforatnews.iq/news/الرافدين-يعلن-تطبيق-النظام-الشامل-في-منفذ-المصرف-بمطار-بغداد

RV UPDATE BY JEFF, 25 JULY

Jeff 

 President signed off on...the budget on June 27th.  I want to show you a pattern here...Issue number 4781 published in the Gazette on July 1st 2024...then...

they skip issue number 4782 and advance to 4783...published on July  8th.  We believe the Gazette issue number that is missing 4782...is actually the budget itself.  They just can't publish it in the  Gazette because right now it's being deemed or perceived as an unconstitutional law.   

Jeff 

 The budget is not posted in the Gazette.  The budget hasn't been implemented because it's unconstitutional...

Delete the zeros has nothing to do with the exchange rate.  Deletion of the zeros simple means removing currency notes with multiple zeros on them.

  There was a perception out there that the rate was going to change before the July 18th accession date to the World Trade...This was their 3rd accession World Trade meeting.  There's a 4th meeting coming in Q1 of next year of '25...Many thought Iraq would become a full member as of July 18th.  None of that happened.  

Jeff  

Some of you have said that parliament has nothing to do with this [the budget]...It actually does  because they unconstitutionally approved the budget and the budget's approval has everything to do with it.  That's the piece to the puzzle that is not understood.  

Article "Parliamentary law challenges the 2024 budget tables"  Parliament can only review and approve laws.  It was parliament that did these amendments making their steps or actions of approving the budget unconstitutional.   The courts possibly next week around Wednesday/Thursday declaring the budget itself as unconstitutional and overturning its  approval...  

--

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...

Jeff  

  I told you guys the court would be overturning the budget because it is unconstitutional...I basically predicted the future for you.  It's getting close to happening.   They're most likely going to do this next week. 

 Article:   " Legal:The Federal Court will vote on the unconstitutionality of the budget table"   I told you the budget is unconstitutional.  I told you nothing was going to happen to the budget.  As you see I'm right.  The budget is getting overturned.  It is going to go back to an unapproved state.

  The central bank announced their 3rd strategic plan... They'll be increasing gold reserves...they also said they're going to offer...FOR READ MORE: 

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-jeff-1-may.html

The next big step in this is we want to see when Iraq will be amending their budget...They can amend it before or after the rate changes...

 This weekend coming up would be the historical anniversary date of when Kuwait reinstated their currency - March 24, 1991

 Iraq technically does not need to amend the budget if they're not changing their rate....

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-jeff-22-march.htm

💥IRAQI DINAR 🔥SUMMARY MUST WATCH🔥 #iraqidinar #dinar #centralbankofiraq ...

Government adviser points to weak cash credit ratio in Iraqi private banks, 25 JULY

 Shafaq News / The financial adviser to the Iraqi government, Mazhar Mohammed Saleh, explained on Wednesday that the ratio of cash credit to total deposits in private banks may be close to the standard rate of 75%, which banks should reach or at least approach.

Saleh added to Shafaq News that deposits are the basics of traditional banking.

He explained that the market share of 63 private banks does not exceed 15% of credit and deposit operations, while the government banking system accounts for 85% of banking activity.

In the same context, the International Development Bank announced the opening of investment deposit accounts with the aim of serving Iraqi families.

The bank explained, in a statement received by Shafaq News, that these accounts offer returns of up to 10% per year, with monthly payment and cash prizes within monthly draws, and deposit holders also receive free life insurance, facilities to obtain a deposit guarantee loan, and a free credit card.

The bank stressed that the funds will be used in the service of the national economy, with a guarantee from the Iraqi Company to guarantee the deposits authorized by the Central Bank of Iraq, noting that deposits are one of the most important sources of funds at the level of the national economy and depositors.

Economic statistics show that the number of government banks in Iraq is 7, while the number of private banks reaches 74, which means that private banks constitute 91% of the total number of banks in Iraq.

https://shafaq.com/ar/اقتصـاد/مستشار-حكومي-يشير-لى-ضعف-نسبة-الا-تمان-النقدي-في-المصارف-ال-هلية