Friday, December 6, 2024
The Finance Committee decides to host Taif Sami to complete the amendment of the budget law, 6 DEC
The Finance Committee decides to host Taif Sami to complete the amendment of the budget law
On Wednesday, the Finance Committee held a meeting at its headquarters to discuss the report on the draft law amending the second amendment to the Federal General Budget Law for the years 2023 - 2024 - 2025, No. (13) of 2024.
A statement by the committee stated that the meeting was held in the presence of its chairman and all members, and began by emphasizing “the exceptional efforts made by the committee to amend the budget items related to the costs of producing and exporting oil from the Kurdistan Region and the obligations associated with them.”
The statement added that the committee chairman "stressed the importance of setting applicable provisions and obligating the relevant authorities to implement them, while pointing out the need to obtain clarifications from the Ministry of Finance regarding the mechanism for financing the amounts and financial allocations."
According to the statement, the committee discussed the draft report of the second budget amendment law, reviewed and approved members’ comments, and held detailed discussions on how to calculate production and transportation costs, appropriations and contracts, in addition to the mechanism for managing accounts.
The Finance Committee decided to host the Ministry of Finance to complete the procedures related to amending the law, while the meeting discussed the committee’s report on hosting the Ministry of Oil and the results drawn from this hosting. link
Majeed: GET RRRRREEEAAADYYY!!! , 6 DEC
Majeed: GET RRRRREEEAAADYYY!!!
I got a call from snwse21 telling me today that the currency exchange companies inside Iraq refused to sell dollars to anybody….
They would only buy it from you.. that’s it.
Now they are only letting the dinar stand up inside the country.
Going international !!!!!!!
The USD no longer exists inside Iraq.
Money exchangers inside Iraq can buy USD but cannot sell them. https://x.com/snwse21/status/1862559420757983492
FRANK26: "MONETARY REFORM OF THE IQD ON THE LAUNCHING PAD", 6 DEC
KTFA
FRANK26: "MONETARY REFORM OF THE IQD ON THE LAUNCHING PAD".......F26
Central Bank: The launch of the “Riyada” Bank is imminent to support small projects, and our monetary position is “very excellent”
12/2/2024
He added that "the Central Bank is adopting a financing initiative to purchase solar systems and license the (Green Bank) to be the first bank in the region to specialize in green financing and renewable energy projects as part of confronting the challenges of climate change," indicating that he announced this in a session on (the role of central banks in climate change) held in Cairo.
Regarding the impact of tensions in the region on monetary stability, Al-Alaq said: "The monetary position in Iraq is (very excellent) at the present time in terms of controlling inflation and the high adequacy of foreign reserves, which enables the Central Bank to remain stable, defend the exchange rate, and achieve monetary stability, despite the circumstances surrounding the country and the region," indicating that "the reserve covers our needs, and this is what distinguishes the Central Bank of Iraq compared to other central banks in
the region."
Al-Alaq confirmed "the success of the Central Bank in implementing the transition plan in "foreign transfers", in accordance with international practices and standards, and that it is currently being carried out smoothly and transparently - especially covering imports at the official exchange rate - which leads to general stability in prices. As for personal transfers and the use of cards outside Iraq, their system is being developed to ensure their fluidity, and an agreement has been reached with all concerned companies regarding new mechanisms to enhance the relevant accounts."
MAJEED : IRAQ IS DONE!!, 6 DEC
MAJEED
issued by the Finance Committee of the Iraqi Parliament. It addresses the Speaker of Parliament and mentions the submission of a proposed amendment to the Federal Budget Law for the fiscal years 2023–2025. The letter requests that this amendment be removed from the parliamentary agenda.
Because it is done and became Law in the country + HCL became law in the country
