Tuesday, August 27, 2024
Parliamentary Finance Committee confirms that it will soon resume its investigation into changes made to the General Budget Law tables', 28 AUGUST
The Parliamentary Finance Committee confirmed that it will soon resume its investigation into changes to the general budget law tables that were officially approved by the Council of Representatives, and objected to by the Prime Minister's Office.
Committee member, MP Moeen Al-Kazemi, said in a statement to the National Iraqi News Agency ( NINA ), that "the parliamentary investigation committee assigned by the Finance Committee will resume its work soon, to determine the reasons for the change in the general budget tables officially signed by the Speaker of Parliament and sent to the Council of Ministers."
He added, "The government is working with its tables approved by the Council of Representatives, and there is no financial damage to the public treasury," indicating, "The wor k on the general budget ceiling of 226 trillion dinars has been suspended, and the government is proceeding with implementing its tables that were approved by the Council of Representatives."
He explained, "The Parliamentary Finance Committee is following up on the reasons for the difference between the government version of the general budget tables and the paper and electronic version of the Council of Representatives." link
LASTEST RV UPDATE FROM RAYREN98, 28 AUGUST
RayRen98
...MORE US BANK STAFFERS ARE REPORTING SIGNING "NDA'S" ARE CLAMMING UP... ANOTHER PROVINCE HAS BEEN REPORTED HAVING "LOWER DENOMS" BEING DISTRIBUTED IN SOME MANNER, AWAITING FURTHER COMPLETE DETAILS, IF ANY....
IF WHAT THEY'RE TELLING ME IS TRUE...SOME OF YOU ARE GONNA GO TO SLEEP WEALTHY $$$$$$...IT'S YOUR SEASON....TO BE BLESSED!!
RayRen98
[via Twitter/X] ...Verified lower denom locations...Province 8 Baghdad, Province 11 Najaf, AND possibly Province 1 Duhok up near Turkey.
RayRen98
[via Twitter/X]
Community Comment: Just informed that lower denoms are being released to the streets right now. ...It’s on the way.
RayRen98
THE WORLD COURT RECEIVES DISPUTES (AND SEEKS RESOLUTION) BETWEEN NATIONS. THE DETAILS ARE INSIGNIFICANT, THE RV IS SLATED TO MOVE FORWARD NOW.
I'M BEING TOLD THE WORLD COURT "CLEARED" A FORMAL COMPLAINT TODAY AND TOMORROW IS A DEFINITE POSSIBILITY.
DINAR REVALUATION UPDATE: The Significance of Exchange Rate Stability, 27 AUGUST
The Significance of Exchange Rate Stability
Al Alaq's Speech on New Currency Rate and Lower Denominations in Iraq (August 2024)
In a recent speech, Ali Al-Alaq, the Governor of the Central Bank of Iraq (CBI), provided assurance to the Iraqi public regarding the future of the country's currency. Addressing concerns over the dinar's value and the introduction of lower denominations, Al-Alaq urged citizens to remain patient, promising that a new rate and lower denominations would be implemented soon.
Al-Alaq emphasized the importance of maintaining the stability of the dinar's exchange rate against the US dollar. He highlighted that this stability is essential for the Iraqi trade system and financial transactions, requiring changes and restructuring within the country's trade and foreign exchange systems.
Commitment to International Standards
The CBI Governor also underscored the need to adhere to international practices and standards, particularly those outlined in the Anti-Money Laundering and Terrorism Financing Law No. 39 of 2018. This commitment is crucial for protecting Iraq's financial system from risks and ensuring transparency and the safety of financial operations.
The Process of Monetary Stability
Al-Alaq explained that the process of achieving monetary and exchange rate stability is a significant undertaking that necessitates a series of changes and the restructuring of the Iraqi trade system and foreign transfer system. The CBI is actively engaged in this process, working on daily details to reach a proper path that opens new avenues for facilitating and expediting the necessary reforms.
The Road Ahead
While the specifics of the new rate and the introduction of lower denominations have not been disclosed, Al-Alaq's speech signals a clear commitment from the CBI to address the dinar's value and improve the financial landscape in Iraq. The CBI's efforts are expected to contribute to economic stability and strengthen the country's financial credibility on the international stage.
Closing Remarks
Ali Al-Alaq's speech reflects the CBI's proactive approach to managing the dinar's value and ensuring the stability of Iraq's financial system. The introduction of a new currency rate and lower denominations, once implemented, will mark a significant step in Iraq's ongoing financial reforms.
" AL -ALAQ GUARANTEED THE CITIZENS A NEW RATE OF THE IQD AND LOWER DENOMS" BY BIRDIEORBUST VIA GINGER TELEGRAM ROOM, 27 AUGUST
Important update from Birdieorbust, Liberty Lounger Extraordinaire 💥 4.22.24
💢 Birdie: Well now I can say a bit about what I could not before since Frank told it - but Al Alaq made another speech where he guaranteed the citizens they would be getting a new rate and lower denoms soon to just be patient...
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Al-Alaq takes files of sanctioned banks to New York and meets with US Treasury and Federal Reserve officials
The central bank governor left Baghdad last Saturday to meet with US Treasury and Federal Reserve officials.
The central bank governor was accompanied by an executive specializing in supervision and funds transfer issues
The central bank governor has in his possession a report compiled by an international auditing firm on the dollar-stripped banks.
The report includes an assessment of the risk, creditworthiness and ability of the sanctioned banks to comply with banking regulations.
During his visit, Al-Alaq is trying to negotiate with some American banks to open accounts in banks that have not been dollar-stripped.
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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RayRen98 BANK STAFF RECEIVED "GET READY" MEMOS THIS MORNING, THEY'VE BEEN EXCITED ALL DAY! Nader From The Mid East Y...