Tuesday, November 5, 2024
Leader Barzani discusses new government formation with US ambassador, 5 NOV
Leader Barzani discusses new government formation with US ambassador
Shafaq News/ On Monday, Masoud Barzani, Leader of the Kurdistan Democratic Party (KDP), confirmed that the KDP has formed a team to negotiate with other parties on the formation of the tenth government and determine its agenda.
According to a statement from Barzani’s office, Former Kurdish President, Masoud Barzani, met with the US Ambassador to Iraq, Alina L. Romanowski, at the Saladin Resort. The meeting was also attended by Steve Bitner, the US Consul General in Erbil.
“During the meeting, Ambassador Romanowski congratulated President Barzani on the successful Kurdistan parliamentary elections held on October 20. She praised the democratic and peaceful conduct of the elections, especially given the regional tensions, and said that the event showcased the Kurdistan Region’s positive image to the world,” the statement continued.
President Barzani expressed his gratitude to the international community and the Independent High Electoral Commission (IHEC) “for their significant roles in ensuring the success of the elections, despite some technical challenges.”
He also discussed steps toward forming a new government in the region and ongoing negotiations among political parties, noting that “the KDP had formed a team to negotiate with other parties about establishing the new government and setting its agenda, emphasizing that the KDP does not have a ‘veto’ on any political group.”
“The meeting also highlighted the political and security situation in the region and recent developments in the Middle East, and exchanged views on the political process in Iraq and the election of a new Speaker of the Iraqi Council of Representatives,” the statement concluded.
FIREFLY: " CAN YOU JUST IMAGINE THE POTENTIAL OF YOUR NEXT EXCHANGE RATE?!" , 5 NOV
Frank26
[Iraq boots-on-the-ground report]
FIREFLY: CBI governor Alaq on television saying our foreign reserves at 140% above our current issued currency.
FRANK: Based on those words, can you just imagine the potential of your next exchange rate?!
Iraq sets July 2025 deadline to end cash payments, digitize payroll, 5 NOV
Iraq sets July 2025 deadline to end cash payments, digitize payroll
Shafaq News/ Prime Minister Mohammed Shia Al-Sudani directed, on Monday, that salaries for private sector employees be processed through bank accounts, similar to the system for government employees, as part of a push to phase out cash payments across government institutions by July next year.
According to a statement issued by Al-Sudani’s media office, “In line with the government’s financial and economic reform plan, which is one of its top priorities, Al-Sudani has directed the implementation of several steps to enhance and develop electronic payment systems and services: Work towards the domiciliation of salaries for private sector employees, similar to the public sector, by tasking the Ministry of Labor and Social Affairs and the Central Bank of Iraq to collaborate with select private sector institutions to establish an appropriate mechanism for this purpose.”
“All ministries and government institutions shall transition from cash payments to electronic payment for payment collections and related transactions. Each ministry or government institution must submit a comprehensive plan for this transition by December 31, 2024, with full implementation to commence by July 1, 2025,” as per the statement.
TIDBIT FROM MARKZ, 5 NOV
MarkZ
“A source in the Middle East says that Sudani just said that the currency transition should be completed by Victory Day Tues. 10 Dec. 2024.
This means that things will be going very soon if it is to be completed by then.”
… “A bank employee said that they had been signing a lot of NDAs, all of the employees were under a gag order and couldn’t talk about (Nesara) and would be transitioning to a wealth management location.
They also said they have completed their training, have a new Delarue Machine and the money comes out in November.”
NADER FROM MID EAST CC HIGHLIGHTS NOTES, 23 NOV
NADER FROM MID EAST CC HIGHLIGHTS NOTES Summary Iraq’s monetary policy aims to stabilize the dinar against the dollar to reduce exchange ra...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...