MARKZ: RV Countdown Begins! I feel fairly confident the switch flipped yesterday!!! @DINARREVALUATION

 

AL-SUDANI: IRAQ IS A KEY MEMBER OF THE INTERNATIONAL COALITION WITH COMMENTS OF MNT GOAT, 13 DEC

AL-SUDANI: IRAQ IS A KEY MEMBER OF THE INTERNATIONAL COALITION

Prime Minister and Commander-in-Chief of the Armed Forces, Mr. Mohammed Shia Al-Sudani, received today, Tuesday, Commander of the US Central Command, General Michael Kurilla, and his accompanying delegation.

The meeting witnessed discussions on cooperation and coordination between Iraq and the international coalition in combating terrorism and confronting extremism. The Prime Minister stressed that Iraq is a key member of this coalition and is committed to cooperating with the international coalition to confront and monitor terrorist groups in a way that preserves security and stability in the region. In return, Mr. Kurilla stressed the commitment of the international coalition to support Iraq in preserving its security and sovereignty against any terrorist threat.

The meeting also included discussions on the latest developments in Syria and the ongoing repercussions in the region, where Mr. Al-Sudani stressed the importance of respecting the free choices of the Syrian people and Iraq’s readiness to help the Syrians in these circumstances and the transitional phase.

His Excellency pointed out the necessity of preserving Syria’s security, the unity of its territories, the safety of its people, and the ethnic, religious, and social diversity it enjoys, stressing the importance of preventing any attack on any of the components of the Syrian people or its religious sanctities, and that Iraq will follow the course of events and the credibility of actions, not words.

Mr. Al-Sudani reiterated Iraq’s commitment to working with Arab and neighboring countries to help the Syrians and consolidate security and stability in the region.

(Does this sound like Iraq will join BRICS?)

MNT GOAT: I am told by my CBI contact that this is the precursor to the Project to Delete the Zeros..., 13 DEC

 Mnt Goat 

  “THE TURNING POINT: IRAQ’S LEAP INTO THE DIGITAL ECONOMY”  

 This is...a shift towards better financial inclusion... Iraq’s transition to digital payments will unlock a range of economic benefits and  I am told by my CBI contact that this is the precursor to the Project to Delete the Zeros...

and the plan to end the currency auctions of using dollars to electronic transactions by the end of the 2024...in about 3 weeks...  We...look forward to the initiation of the Project to Delete the Zeros, if in fact the CBI does intend to reinstate the dinar back on FOREX... 

Let’s all keep an eye for what happens when Iraq finally makes this huge transition away from using purely cash to all digital.

NADER FROM MID EAST: Financial advisor Prime Minister of Iraq talk about exchange rate

Parliament and government.. a race with the 2025 budget, 13 DEC

  Parliament and government.. a race with the 2025 budget

The 2025 budget schedules in Iraq are witnessing a delay that is causing widespread controversy between the government and parliament, as the government has not yet sent the full details of the budget to the House of Representatives, which has raised concerns among members of the parliamentary finance committee about the deadline for approval. 

The statements indicate that the reasons for the delay are related to reviews of financial schedules, especially those related to oil extraction expenses in the Kurdistan Region and the costs of projects funded in 2025.

The Financial Management Law requires the government to submit the general budget to the Council of Representatives 45 days before the beginning of the fiscal year, in order to allow the necessary time to discuss and approve it. Despite the clarity and explicitness of the legal text, no Iraqi government, including the current government, has committed to implementing this entitlement.

Speaking about this file, member of the Parliamentary Finance Committee, Mustafa Al-Karaawi, revealed the existence of legal and constitutional violations by the government in sending the budget law to the House of Representatives.  

Al-Karawi said in a statement to Al-Maalouma Agency, “Article 77, paragraph two of the Federal Triennial Budget Law indicated that the government must send the budget tables before the end of the fiscal year,” indicating that “the government sent only one amendment to the text of the budget, which is the text of Article 12 related to the costs of extracting oil in the region.” 

He added, "Not sending the schedules on time is considered a legal and constitutional violation, and if the government proceeds with amendments to the articles, there are many articles that need to be amended and to be fair to many groups," adding, " We recorded all of these observations in the session last Tuesday during the first reading of the amendment to the budget law.” 

He explained that "his committee is working on re-amending the budget and sending it to the government to work on general amendments to the law so that it is fair to all segments of society and addresses the problems in the previous budget." 

In addition, a member of the Parliamentary Finance Committee, Hussein Mounes, revealed that the budget amendments are subject to political amendments, not technical ones. 

In a statement to Al-Maalouma Agency, Mounes said, “The government has a point of view in resolving the issues with the region and limiting oil smuggling operations by increasing production costs by $16 per barrel.” 

He added, "During the discussion of the proposal, we raised several questions: Why was $16 set? Is it a technical or political consensus number?"

He pointed out that "the Parliamentary Finance Committee hosted the concerned parties and they confirmed to us that the issue is political and not technical."

He explained that "the government's proposal is to form an advisory body, and in the event of non-compliance, a committee of consultants will be formed to determine production costs."

He pointed out that "the Finance Committee determined that the amount would be an advance granted to the region and that a settlement would be arranged later. " 

He added, "There are approximately 256 thousand barrels smuggled daily from the region with OPEC's permission. This file must be closed because it negatively affects government production," stressing that "the Finance Committee has reservations regarding the advances and loans granted to the region. "

It is noteworthy that the House of Representatives previously hosted 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

DINAR REVALUATION REPORT: " We are witnessing a paradigm shift" , 12 DEC

 DINAR REVALUATION REPORT

There is a lot of news on dollar auctions and currency manipulation today as we are nearing the end of them. 

They are trying to root out the corrupt elements to the maximum possible extent before they look to RV.

Though only 5 banks are having correspondent bank tieup in USA ,lot of other banks have time ups to deal in yuan,rupees,dirham and euro. 

It will take a little more time for them to get used to the new dynamic,once the auctions stop .

Iraq is at the cusp of overhauling the dollar trade practices from the 2 decade long practice to a new and more efficient way.

The 2 decades of dollar smuggling could not be arrested even with the electronic platform which resulted in the theft of the century.

We are witnessing a paradigm shift.

lets hope the the new practice will bring peace, prosperity and harmony to the Iraqi people.

WOLVERINE: THE BANKS ARE READY TO GO!!, 12 DEC

 Wolverine

 The banks are ready to go.

 Oil Reform is complete and get ready. Reno needs to start first. 

Everything goes after Reno. We are nearly there. 

It may begin today, or tomorrow when Trump rings the bell at the Stock Exchange.

 We are about to cross that finish line. Just get ready everyone. I love you all. Wolverine