Prime Minister Mohammed Shia Al-Sudani, on Tuesday, directed the suspension of official working hours next Thursday.
A statement from his office received by (Mawazen News) said that “Prime Minister Mohammed Shia Al-Sudani directed that October 3 will be an official holiday on the occasion of the National Day of the Republic of Iraq.” The statement continued, “The Sudanese directed to stop any celebration on this occasion, in solidarity with the brothers in Lebanon and Palestine who are subjected to attacks and force majeure circumstances.”
Article: "Iraq presents to the US Treasury date for abandoning the currency auctions"
The auctions will end or be abandoned the day the rate changes.
The rate will change on a Sunday morning. That's when the currency auctions will end, when the rate changes.
This article's saying the currency auctions will end by year end. They're talking to US officials...They're just making a generalized statement, saying by year end...So by the end of December...the currency auctions will end meaning the rate would have to change allowing the auctions to end...
The World Bank confirmed on Wednesday that the Iraqi government has taken steps to develop human capital, while pointing out that the investment of human capital is a fundamental pillar of achieving sustainable development.
The representative of the World Bank Group, Bilal Zagher, said: “The first conference for the development of human capital in Iraq is related to supporting Iraqi civilization and its future,” pointing out that “the investment of Iraqi human capital is a fundamental pillar of achieving sustainable development for all groups.”
He added that “the timing and focus shown by the Iraqi government in this field will lead to the development of human capital and will proceed at an escalating pace in the coming days.”
On Tuesday, the work of the first conference for the development of human capital in Iraq began in the presence of the ministers of planning, health and labor and a number of members of the House of Representatives.
Question: "Are the new [Iraqi bank cards] based on the new exchange rate?"
Yes.
Walkingstick
They [Iraq/CBI] are no longer under the umbrella for the US Treasury nor are they under any sanctions.
That's nice!
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Walkingstick
I strongly believe we need Alaq to finish what he's doing [In New York and Washington], come back...to Baghdad and bring the REER - Real Effective Exchange Rate to Iraq.
We believe this is the next step because of what Sudani told the Iraqi citizens.
IMO the commercials are the next thing that they're going to show them. IMO the commercials are already produced...They will be released to the public. When Sudani said the monetary reform is coming to an end...that's a big hint...That's what we in intel call a big clue.
Walkingstick
All the executive levels of the banks in Iraq are going to sit down with the governor of the CBI Alaq and receive instructions on the new currency next week.
Walkingstick
They got stability and security. Sudani has been bragging about it...Lift the three zeros has to do with the value, then not with the value, back and forth, back and forth, it has to do with the value and then, no it doesn't have to do with the value. The articles are contradicting.
They are lies. They are misleading with a purpose.
Walkingstick
Article: "Two conditions to achieve it .. Al-Sudani's advisor rules out removing 3 zeros from the currency"
These articles, this misleading, is intentional right now...Contradicting statements are found throughout all of these statements, all of these articles...The 25 note has to become a 25k note?
There isn't even a 25 note...When did Iraq last have a 25 note? Never.
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Walkingstick
[Iraqi bank friend Aki update]
Question:You're asking us why we are not talking to you about these [lower note] commercials. Can you tell us more about them?
AKI: Yes, they are coming out. This is the media campaign we told you about. It's getting faster and faster and louder and louder.
The purpose is to show the citizens the new lower notes and more information.
These commercials are coming out at any time now...Nothing is in the way to block this next step. It is a massive media campaign.
[[Iraqi bank friend Aki update]
New York is to remove the red tape that the United Nations is still holding on the banks of Iraq that are not participating in the monetary reform.
These sanctioned banks may stay sanctioned or be shut down completely.
It really doesn't matter to the monetary reform process but this is something that is needed to be done.
Iraq's 2025 budget: Will the government deliver on its promises amid growing crises?
As the date for discussing the 2025 budget schedules in Iraq approaches, many questions are being raised about the government’s ability to meet its financial obligations amidst the growing crises. The Parliamentary Finance Committee, headed by its member Mohammed Nouri, confirmed that employees’ salaries are fully secured until the end of this year, but can these statements be relied upon in light of the current economic situation?
Despite the committee’s assurance that there is no delay in paying salaries, many question the government’s ability to address the delay in funding provincial allocations and ongoing projects. Development projects in Iraq have become underfunded, hampering efforts to develop infrastructure and improve basic services.
Moreover, reports indicate that the Iraqi government is facing significant challenges in balancing its financial obligations with dealing with economic variables, such as oil prices and inflation. While the Finance Committee hopes to launch project packages in the coming days, the question remains: Will these measures solve the current crises or will they worsen over time?
Responding to citizens’ needs and achieving sustainable development requires a comprehensive plan that goes beyond merely approving annual budgets. At a time when the Iraqi street is demanding improved services and job opportunities, the Finance Committee and the government appear to be in a race against time to ensure the country’s financial stability.
The situation remains as it is: statements confirming commitment, but the facts on the ground indicate otherwise. The government will have to face pressure from the street and increasing demands in the coming period, especially with the approach of elections and growing frustration among citizens. Will the government be able to strike a balance between pledges and reality? The coming days will reveal that. link
