FRANK26: "NO!!! NO!!!... LOOK SUDANI CONTROLS THE EXCHANGE RATE", 9 DEC

 KTFA

FRANK26: "NO!!!  NO!!!... LOOK SUDANI CONTROLS THE EXCHANGE RATE".........F26

Parliamentary Finance Committee considers reconsidering the price of a barrel of oil in the 2025 budget

 

12/5/2024

Information / Special .. 

Member of the State Support Bloc, MP Mohammed Al-Ziyadi, revealed on Thursday that the Parliamentary Finance Committee is studying the possibility of reconsidering the price of a barrel of oil and the exchange rate of the dollar in next year’s budget, despite the government sending an amendment to the federal budget.

Al-Ziyadi said in a statement to the Al-Maalouma Agency, “The amendments made by Al-Sudani’s government in next year’s budget, which were sent to Parliament, will affect making important changes to the 2025 budget schedules.” 

He added, "Prime Minister Mohammed Shia al-Sudani, during his discussion yesterday under the dome of Parliament, addressed the issue of amending the budget by the government," revealing that "the Parliamentary Finance Committee is studying the reconsideration of calculating the price of a barrel of oil and the dollar exchange rate with the government.”  

It is noteworthy that the House of Representatives hosted yesterday Prime Minister Mohammed Shia Al-Sudani and his deputies, the Minister of Planning, the Minister of Foreign Affairs, and the Minister of Interior, where the amendments to the budget for next year 2025 were discussed 

LINK

 

DINARLAND UPDATE, 9 DEC

DINARLAND UPDATE

Summary

Iraq’s political turmoil affects economic reforms and currency rates, with significant changes expected in banking and financial systems.

Highlights

• 💰 New exchange rates for IQD and VND may be released soon.
• 🏦 Over 6,000 redemption centers in the U.S. will facilitate currency exchanges.
• 📈 Contract rates for the Dinar may offer better returns than standard bank rates.
• 🔍 Political infighting in Iraq threatens economic stability and reform efforts.
• ⚖️ Sudani’s reforms aim for accountability amid pervasive corruption.
• 🌍 Improved banking systems could enhance international trade and investment.
• ⏳ Anticipation grows for significant market changes this weekend.

Key Insights

• 💵 Redemption Centers: The existence of over 6,000 redemption centers indicates a structured approach to currency exchange, significantly impacting investors and currency holders. This infrastructure aims to provide better rates and services, enhancing user experience.

• 📊 Contract Rates: The availability of contract rates for the Dinar suggests potential wealth creation opportunities for holders, as these rates are designed to incentivize investment and participation in the currency market.

• ⚠️ Political Landscape: The ongoing political struggles in Iraq, characterized by accusations and corruption, may hinder economic reform, underscoring the need for stable governance to support financial growth.

• 🔄 Economic Reforms: Sudani’s push for economic reforms signifies a critical turning point for Iraq, with potential benefits for the Kurdish economy and the citizens, provided these reforms can withstand internal resistance.

• 🤝 International Relations: Strengthening banking systems can facilitate better financial transactions between Iraq and international partners, promoting trade, investment, and economic cooperation.

• 📈 Market Anticipation: The phrase “white knuckling” highlights the anxiety and excitement surrounding potential market shifts, indicating that stakeholders should stay vigilant for upcoming announcements that could reshape financial landscapes.

• 🌐 Citizen Engagement: Increased citizen engagement in political and economic discussions is vital for fostering accountability and transparency, which are necessary for a healthy democracy and robust economy.

FIREFLY: THEY WON'T BE COMPLETED UNTIL THE EARLY PART OF 2025!! @DINARREVALUATION #iraqidinar

 

FRANK26: "NOISE.", 9 DEC

 KTFA

FRANK26: "NOISE."..........F26

Article 12 of the budget ignites a dispute in the Iraqi parliament.. What does it include?

 

12/5/2025

 

Once again, the Iraqi parliament is in a dispute over the general budget articles. Until now, neither the Finance Committee nor the political blocs have agreed on Article 12, which includes compensating the Kurdistan Regional Government for the costs of production and transportation for extracting oil in the region.

Regarding the details of the article to be amended, the representative of the Kurdistan Democratic Party bloc, Jiay Timur, says, “A specialized international company will visit the oil fields in the Kurdistan Region to find out the cost of extracting oil from those fields, according to the amendment to the budget law and the political agreement.”

Timur explained in an interview with Shafaq News Agency, "The Iraqi government previously calculated in the budget law the cost of extraction at $6, and this is a very small number, and foreign companies working on extracting oil say that the cost reaches $26 per barrel."

He added that "most of the oil fields in the region are in the mountains and rocks, and drilling oil wells reaches thousands of meters, which is very expensive."

The representative of the Kurdistan Democratic Party bloc continued, "The Iraqi government included in the amendment to the budget law $16 for the cost of extracting a barrel of oil in the Kurdistan Region."

For his part, member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, told Shafaq News Agency, "The Parliamentary Finance Committee held a meeting this afternoon to discuss amending the General Budget Law, and that the amendment includes Article 12 of the law only."

He pointed out that "the Finance Committee held a meeting with officials in the Ministry of Oil, considering that it is a technical body concerned with that, and also requested a meeting with the Minister of Finance, but unfortunately the Minister did not attend."

Al-Kadhimi also indicated that "the Parliamentary Finance Committee submitted a request to the Presidency of the Council of Representatives to withdraw the amendment to the budget law from the agenda of today's session, considering that the committee has not completed the observations and discussion on the budget law."

LINK

BROTHERS TECHNOLOGY: " THE SMOKE SCREEN HAS BEEN ACTIVATED" , 8 DEC

 BROTHERS TECHNOLOGY

🚨🇮🇶 I Believe the smoke screen has 🇮🇶🚨

Been Activated. Pay attention to detail, who is the speaker of the house? what I thought 🤣

DINAR REVALUATION REPORT: " WE MAY BE GOING TO THE BANKS AS OF THIS WEEK!!!!" , 8 DEC

 DINAR REVALUATION REPORT

This might just be the thing we've all been waiting on! They also announced a 4 day celebratory event starting as of the 8th of December to the 12th! What does that mean? We may be going to the banks as of this week!!!

FRANK26……12-6-24……SUDANI CONTROLS