MZ: On the bond side – I am not sure I can share what I learned…but it sure makes seeing the EBS this weekend seem possible.
MZ: Based on what I am hearing on the bond side I would expect, guess, believe-IMO that between now and Nov. 6th we will be seeing different rates and doing some banking .There is a really good chance based on what we are hearing right now.
Member: Read between the lines and you know what Mark isn't able to say
MZ: I am going to ignore your questions today if you push hard on things I cannot answer.
Member: Have your sources ever been correct Mark?
MZ: Yes they have been correct a lot of times on a lot of different things……..unfortunantly we just have not RV’d yet
Member: BREAKING: Iraq joins TIR of WTO
MZ: And I am hearing from Iraq that the HCL law may be voted on this weekend. Hope its true
Uncertainty Over The 2025 Budget.. Parliament: We Don't Know Anything About It Yet - Urgent
Politics / Economy |Today Baghdad Today - Baghdad The Parliamentary Finance Committee confirmed, today, Thursday (October 24, 2024), that the House of Representatives does not know anything about the details of the 2025 budget schedules.
Committee member Jamal Kojer said in an interview with Baghdad Today, "The House of Representatives has not yet reviewed any of the details of the 2025 budget schedules, and we do not know the size of the budget, the percentage of the deficit in it, what projects it includes, and other financial issues."
Koger said, "We do not expect there to be a major or fundamental change in the 2025 budget schedules compared to the past two years, and we believe that the deficit will exist virtually or in reality, and this is what the budget schedules will determine when they reach us and we review them, as there is no official date for their arrival yet."
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed on Tuesday (October 8, 2024) that the Ministry of Finance is preparing the general budget tables for the year 2025, while pointing out the most important pillars that will be adopted in the budget for next year.
Saleh said in a statement carried by the official news agency, "Article 77/Second of the Federal General Budget Law No. 13 of 2023, which regulates the preparation of the three-year budget, stipulates that the government sends the budget tables for the years 2024 and 2025 to the House of Representatives for approval before the end of the previous fiscal year."
He added, "The Ministry of Finance has announced that it is in the process of preparing the general budget schedules for the year 2025, in accordance with the constitutional mechanisms adopted by the aforementioned three-year budget law."
He pointed out that "based on the indicators of budget implementation over the first two years of Law No. 13 mentioned above, the financial authority has the necessary administrative and financial capabilities to submit the 2025 budget tables to take their legislative path through discussion and approval in the Council of Ministers and refer them to the House of Representatives before the end of this year."
Saleh noted that "the federal general budget tables for the year 2025 will be based on the constants of Federal Budget Law No. 13 of 2024, taking into account international and regional economic conditions and their changes, in a way that ensures the adaptation of the provisions of the budget tables for the year 2025 within the available legal texts, in addition to relying on the performance of the indicators of the general budget tables for the year 2024."
He stressed that "major construction projects will continue to progress in accordance with the vision of the government programme to ensure the continuity of growth rates in the gross domestic product in general and the gross domestic product (non-oil) in particular." LINK
So what did we learn October about the Project to Delete the Zeros? We learned that the media is constantly broadcasting commercials about how the swap out will work. I even should you a couple of these videos.
Remember?
We learned that the banks set up a special “cash center” to take the stress off the other banks, who were unindicted with citizens depositing their stashes of cash.
Did you read my list of accomplishments just for the October period? I think this was the WOWest list yet.
Money and business Economy News - Follow-up The International Monetary Fund predicted in a report issued this October on the inflation index for Arab countries, indicating that the inflation index in Iraq will rise slightly in the year 2025.
According to the table reviewed by "Al-Eqtisad News", "the annual inflation index in Iraq recorded 3.2% in 2024, compared to 4.4% in 2023 and 5% in 2022."
The International Monetary Fund expects that "the inflation index in Iraq will rise slightly next year, 2025, to reach 3.5%, and the inflation index will decline in 2029 to reach 3%."
The table indicated that "Oman will witness the lowest inflation among Arab countries in 2025, reaching 1.3%, while the highest inflation will be in Sudan, at 200.1%." https://economy-news.net/content.php?id=49105
[Iraq boots-on-the-ground report] FIREFLY:Saleh on TV saying a new monetary and financial system that allows acceptance of the international and stability of the currency is imminent.
FRANK: That would be because they are releasing a new exchange rate.
