MILITIAMAN CC NOTES HIGHLIGHTS, 21 SEPT

 MILITIAMAN CC NOTES HIGHLIGHTS

Summary

Iraq’s budget updates reveal significant developments, including a new income tax law and progress on Article 140, crucial for economic stability.

Highlights

• 📅 2024 Budget: Focus on new income tax law to boost non-oil revenue.
• 💼 Tax Reform: Legal framework established for collecting income tax, enabling grants.
• 🔍 Article 140: Progress in implementing laws for property rights restoration.
• 📈 Investment Law: Anticipated improvements for private sector growth.
• 🤝 Political Cooperation: Kurdish blocks unified support for agricultural land law.
• 🔒 Sensitivity: Key discussions kept confidential to avoid political friction.
• 🌍 International Involvement: Collaboration with German GIS organization on tax legislation.

Key Insights

• 📊 Economic Diversification: Iraq aims to reduce reliance on oil through a transparent tax system, enhancing economic resilience.
• 📜 Legal Foundations: The establishment of a taxation law is crucial for enabling government grants and investments.
• 🏛️ Article 140 Importance: Addressing property rights is pivotal for social stability and economic development in disputed areas.
• 🏗️ Investment Potential: Successful implementation of the investment law can attract foreign investments, aiding economic growth.
• 🤝 Political Dynamics: Cooperation among Kurdish representatives signals a potential breakthrough in legislative processes.
• 🔒 Confidential Negotiations: Keeping sensitive discussions private suggests a strategic approach to avoid disruptions in governance.
• 🌐 Global Partnerships: Engaging international experts highlights Iraq’s commitment to modernizing its legal and economic frameworks.

Dinar Revaluation: Essential Tips for Your Exchange Appointments

Germany: Iraq's Economy Is Showing Signs Of Improvement, 21 SEPT

 Germany: Iraq's Economy Is Showing Signs Of Improvement

Economy  Baghdad – INA  Director of the German Agency for International Cooperation (GIZ) offices in Iraq, Christoph Feldkötter, confirmed  today, Thursday, that Iraq is making good progress towards economic stability, stressing the importance of updating tax laws in Iraq.

 "Iraq is making good progress towards stability, as economic stability is an essential part of this progress," Feldkötter told the Iraqi News Agency (INA), noting that

 "economic reforms include developing the private sector."

 "There are many new sectors that have emerged in Iraq, such as transportation, the shift to the

e-economy, renewable energy, and other fields that did not exist twenty years ago," Feldkötter explained. He stressed that

 "this development requires updating tax laws, as it is not possible to apply tax instructions or laws that are twenty or thirty years old." He pointed out that

"the existence of stable institutions is part of stability, which is what the German Agency is working to support through joint cooperation between experts from the Iraqi government and experts from the German government."

Feldkötter expressed the German government's "pride in this achievement, and its happiness with the partnership and mutual trust with the Iraqi government."    https://ina.iq/eng/34830-germany-iraqs-economy-is-showing-signs-of-improvement.html    

LATEST FROM WOLVERINE, 21 SEPT

 WOLVERINE

• Thurs. 19 Sept. 2024 Wolverine
•  “Invitations to the P Group have gone out. They are starting this weekend. It is happening. …September is called the Golden Month by Bond Holders because they have been told everything is happening in September. Bond Holders are presently in Reno and other parts of the World awaiting release of liquidity for the Global Currency Reset. We are defiantly close. Redemption Center staff  have been trained. The QFS is fully integrated.”

--

Thurs. 19 Sept. 2024 Wolverine 

Invitations to the P Group have gone out. They are starting this weekend. It is happening. …September is called the Golden Month by Bond Holders because they have been told everything is happening in September.

 Bond Holders are presently in Reno and other parts of the World awaiting release of liquidity for the Global Currency Reset. We are defiantly close.

 Redemption Center staff  have been trained. The QFS is fully integrated. 

… Rubem Baz said, “At 15:30 Brazilian time on Tues. 17 Sept. was the last procedure between Brazil and Reno (USA). Tomorrow Wed. 18 Sept, after 11:00am invitations to go to the bank will be sent. In 48 hours (Fri. 20 Sept.) we will go liquid. This portion is 1%. 

Finally there is nothing left to do. Payments will now begin.” …“Things are defiantly happening behind the scenes. We are going to be celebrating this week. There are things that I can’t say, but I wanted you to know that things are defiantly moving.” … 

“I agree with Mr Salvage report on German Bastidas who is one of the leaders of the Pentecostal Group. They have now finished all the contracts with the Call Centers which are located in Brazil.

 On Mon. 16 Sept. 2024 notifications began to be delivered. On Tues. 17 Sept. 2024 they closed the platforms and were ready to begin start the blessing. They will begin sending the transactions from the 1st to the 2nd of October to each member.”..FOR READ MORE: https://dinarevaluation.blogspot.com/2024/09/latest-from-wolverine-20-sept.html

Iraq's Banking Revolution: From New York to Global Integration 🌍💼

Chairman of the Investment Authority: More than 100 opportunities are ready for contracting at the "Iraq Investment Forum" , 21 SEPT

 Chairman of the Investment Authority: More than 100 opportunities are ready for contracting at the "Iraq Investment Forum"

9/20/2024

The National Investment Commission announced the imminent launch of the Iraq Forum 2-3 next November, which represents a positive reflection of the economic arena in Iraq, and expresses the efforts of the Commission and all supporting parties over a full year of diligent work to reach productive economic projects and activate social projects that serve the Iraqi citizen.

The head of the authority, Haider Makiya, said during a joint press conference with the Deputy Director of the Prime Minister's Office and Chairman of the Diwani Order Committee for the Forum, Ali Razouki, and the Chairman of the Iraqi Economic Council and member of the Diwani Order Committee, Ibrahim Al-Masoudi Al-Baghdadi, today, Thursday, that "more than 100 diverse opportunities in important strategic sectors with complete sectoral approvals and ready for contracting will be announced during the forum, and in what is known as the government effort represented by the Prime Minister's Office and the Iraqi Economic Council, in addition to the authority team and all the ministries and governorates supporting this great exceptional effort," calling on owners of capital, companies and investors to be actively present in this major international forum that will give them a wide opportunity to closely view these opportunities and answer all inquiries related to these projects.

For his part, Deputy Director of the Prime Minister's Office and Chairman of the Diwani Order Committee, Ali Razouki, said that "the success in attracting and attracting these companies represents a gain for all the sectoral parties contributing to the completion of these investment portfolios," noting that the forum's activities will coincide with the launch of the 48th Baghdad International Fair, which will allow these companies to attend the forum and learn about the available opportunities."

In turn, the Chairman of the Iraqi Economic Council, Ibrahim Al-Masoudi Al-Baghdadi, a member of the Diwani Order Committee, reviewed the investment opportunities that will be announced during the forum's activities, distributed over 7 sectors, namely (heavy and medium industries, agriculture and animal production, in addition to the tourism, housing, real estate development, energy, transportation and ports, and communications sectors), which he described as strategic opportunities, the first of their kind in Iraq and the region, as they are fully completed and express a real need in those sectors for capital and investing companies.  LINK

Q & A WITH THE PROFESSOR BY PIMPY, 21 SEPT

 Pimpy  

I want the same thing you do.  Trust me, I would love nothing better to wake up in the morning and find out that the zeros are still on the dinar but they've magically changed the exchange rate to $3.22.  That would be awesome.

Q & A WITH THE PROFESSOR

 Question: "What does Iraq need to do right now to reinstate their old rate of $3.22?" 

 Professor Boskin [of economics] graciously shared the following information which I am pleased to relay to you...It should be able to give you an idea of how far away this thing might be...The first thing he's talking about is implementing monetary reforms. 

 PIMPY:   We've been hearing about that for years so we know they definitely are implementing monetary reforms. 

PROFESSOR: ...The Central Bank of Iraq may consider removing zeros ...

 PIMPY:    Obviously if they're going to remove the zeros off the currency, they're going to re-denominate and print new bank notes.  

PROFESSOR:  Establish a currency basket system...the value of the dinar would be determined against a weighted average of several currencies.Reduce their dependency on the dollar.

  PIMPY:  At the beginning of this year they were not supposed to use the US dollar anymore.

  PROFESSOR:   ...Focus on diversifying its economy beyond oil dependency... 

PIMPY: Right now...only 89% of [the budget] is dependent on oil sales.  A lot better than where it was. 

 PROFESSOR: Improve trade balance...Enhancing exports...Reducing unnecessary imports ...thereby supporting a stronger dinar. 

 PIMPY:  They have things to trade but not a whole lot of options. 

 PROFESSOR:  Maintain internal stability...Monitor inflation rates...

 PIMPY:   Right now Iraq is somewhere around 5%...He's saying if they want to reinstate the $3.22 rate these things have to be taken care of.  I do find it interesting we've been listening to them talk about deleting the zeros and he's put that in here...A lot of this stuff Iraq has already started...Kudos to Al-Sudani.