Economist: 2025 budget amendments pending, approval date before end of year, 13 OCT

 Salah Nouri, a former Director of the Financial Supervision Bureau, confirmed on Saturday that the Ministry of Finance’s re-adjustment of the 2025 budget schedules will be significantly impacted by developments in the global economic situation and military operations.

“The budget schedules are still with the executive authority (the government), and it is expected to be sent to the House of Representatives during the remainder of this October,” he continued in his statement.

Nouri provided the following explanation: “In accordance with Financial Management Law No. (), the House of Representatives must approve the budget before the end of December 2024″ 6) of 2019.”

V

RV UPDATE BY FRANK26, 13 OCT

 Frank26

  Articles...makes it very clear what they're doing - adding value by lifting the 3 zeros.  It's right there.  It's from the Prime Minister.  It's from Alaq the governor of the CBI word for word. 

 Anybody that tell you it's a scam, educate them because this is not Bigfoot.  This is not a UFO.  This is not Lock Ness.  This is a reality...happening right before our eyes. 

  Community comment:   "I believe it will RV before the time they gave."  

The revaluation actually started in 2012... Revaluation is to revalue the currency...This is not to revalue the currency, they're going to reinstate it.  It was $3.22 when it was brought down... 

Because of inflation do you think $3.22 would be fair over 20 years later? 

 No I don't think so.  Therefore the exchange rate is not going to 1000 is it?  It's saying at 1320/1310.  When they lift the three zeros that's be a little over a dollar for the citizens.  Now that's fair.

DINARLAND INSIGHTS FROM MNT GOAT, MARKZ AND FRANK26 @DINARREVALUATION

Integrity investigates Anbar official for involvement in corruption and money laundering, 13 OCT

 A reliable source in the Anbar Governorate said on Saturday that a committee from the Federal Integrity Commission started an extensive investigation with a senior local official in the Anbar local government for his involvement in corruption and money laundering files. The source said this was reported today.

“The Federal Integrity Commission has opened an extensive investigation with the head of the Planning and Follow-up Committee in the Anbar Provincial Council and the leader of the Progress Party, Jassim Al-Issawi, on the background of his involvement in the acquisition of lands and the purchase of properties in Anbar, Baghdad, the Kurdistan Region, Turkey, and Jordan, in addition to his involvement in money laundering operations,” the source said in a statement that was provided to “The Federal Integrity Commission.”

He added, “The Government Trustworthiness Commission tended to the duty divisions in Anbar and furnished them with the properties of Al-Issawi and his siblings and the plots of land he possesses,” demonstrating that “the Honesty Commission is researching the expansion of Al-Issawi’s cash as well as directing examinations concerning the controls and legitimate infringement he committed during his past situation as Agent Legislative leader of Anbar for Specialized Undertakings.”

He brought up that “the board mentioned the Assessment Power to direct reviews of Al-Issawi’s properties and submit them to the applicable specialists.”

RV UPDATE BY BRUCE, 13 OCT

 Bruce  

 [via WiserNow] 

 ...we heard...let's see the 16th, which would be Wednesday, is the day that Iraq is paying all of their contractors and paying any back pay that they need to pay...

And it's also the day, Wednesday the 16th, the day of celebration in Iraq for this RV and their new rate on the dinar, etc. 

 So it looks like our start date would be Wednesday the 16th, but it could be actually, that we would start on Tuesday. I know we're supposed to get notified on Tuesday whether we start exchanges or not. 

We'll have see, but the whole thing is lining up beautifully...I'm excited about the timing...

MELANIA HINDS: Get Ready: Important Email Notifications Coming Monday! #iraqidinar #din...

More than a billion dollars in sales from the Central Bank of Iraq during the week, 13 OCT

 Over $1 billion worth of hard cash in US dollars were sold by the Central Bank of Iraq over the days leading up to last week’s auction.

According to the correspondent, the Central Bank sold one billion, 309 million, 74 thousand, and 838 dollars during the previous week and for the five days that the auction was held. This is more than the previous week’s sales of one billion, 36 million, 172 thousand, and 839 dollars, which came to a daily rate of 261 million, 814 thousand, and 876 dollars.

Tuesday saw the largest dollar sales, totaling 265 million, 549 thousand, and 741 dollars; Sunday saw the lowest sales, totaling 257 million, 883 thousand, and 86 dollars.

In comparison to cash sales, which came to 54 million, 616 thousand, and 20 dollars, our reporter said that international remittance sales during the previous week totaled 1 billion, 254 million, 458 thousand, and 363 dollars, a 96% increase.