Tuesday, August 27, 2024

Iraq's Economic Outlook 2024: IMF Insights

Saleh: PM's visit to Egypt, Tunisia will serve national, regional interests, 28 AUGUST

 The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, explained today, Tuesday, the importance of Prime Minister Muhammad Shia al-Sudani's visit to Egypt and Tunisia, stressing that this visit will develop strategic partnerships and will bring economic benefits to Iraq and those two countries, in addition to serving national and regional interests.

Saleh said, in a statement to the media, followed by "Al-Eqtisad News", that "the visit of Prime Minister Mohammed Shia Al-Sudani to Egypt and Tunisia is important, especially since they are the incubator of the Arab League in two different time periods, and they have long historical relations with Iraq."

He added that "the Prime Minister's visit to Egypt and Tunisia is of great importance from several aspects, most notably strengthening bilateral relations and enhancing cooperation in the fields of economy, cultural and educational exchange," noting that "this important visit will open the way for signing economic or technical agreements or memoranda of understanding that serve the common collective interest."

He stressed that "this visit will enhance the follow-up of ways of joint cooperation, especially the development of existing projects in construction and housing undertaken by companies from the two countries, especially Egypt, in addition to enhancing trade and investment with the two sister countries, which will benefit the national economy of Iraq and those two countries, in addition to enhancing positive rapprochement between the peoples and sons of the region. The visit will also provide an opportunity for consultation on international and regional issues of common interest."

Saleh stressed that "the Prime Minister's visit to Egypt and Tunisia will develop strategic partnerships and achieve common goals that serve national and regional interests."    link

LAST RV UPDATE FROM MILITIAMAN, 28 AUGUST

 Militia Man 

  Article  "Iraq is the 9th largest buyer of gold in 2024

 If they clawed back enough money to help buy 100 tons of gold, man, there's been some heavy, heavy corruption.  I'm assuming their recent income from non-oil revenues has had something to do with it as well.

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 Militia Man  

 Article quote:  "At this time there is no acute problem regarding cash liquidity

 There's no need to print new currency...They've yet to do anything different.  

They spent about $50 million in printing currency and it wasn't triple zero notes.  There's no reason for it.  You can't spend $50 million while you're burning up money to print new ones, especially if they were perfectly good.

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The United States is going to say we're ready to go. 

We're not playing games anymore...we're going to do it our way.  Iraq either you're on board or you're not on board...No wonder those guys are barking...because the parallel markets are going to go away and fast.

  They know what they need to do.  Change the value of their currency and no one's going to want their [black market] USD.  They're going to know the Iraqi dinar is going to be powerful just like Sudani said...

https://dinarevaluation.blogspot.com/2024/08/theres-no-need-to-print-new-currency-in.html

🔥 Iraqi Dinar 🔥 WOW Everyone Happy 🔥 Today IQD Value to Dollar RV News G...

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.

Evening News with MarkZ. 08/26/2024