ARIEL: "People who hold IQD should be ready to get things moving in whatever manner suits you best" , 17 DEC

ARIEL

Which coincidentally appears to be the same day that Iraq launches payments for the Kurdistan region.

I will say this once they release the new exchange rate things are going to speed up people. This is going to be almost like everything, everywhere, all at once to some degree. There will still be phases. Which I think will be phases 4 being the final. A lot of people are going to have a hard time with 3. Which will determine if you even qualify what will happen in 4. But that's another story for another time. But definitely not long before we get there. People who hold IQD should be ready to get things moving in whatever manner suits you best. Because there will be a shift in how banks decide to deal with you once they find out you have foreign currency. Even the ones who told you they do not trade it. You will be the boss.

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Watcher.Guru

@WatcherGuru

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5h

JUST IN: Ripple to launch $RLUSD stablecoin on December 17.

GINGER:In America, it will start in Miami and then Reno & TIP: IF YOU HOLD XRP!! @DINARREVALUATION

 

FRANK26:"PARLIAMENT PASSING THE BLAME", 17 DEC

 KTFA

FRANK26:"PARLIAMENT PASSING THE BLAME"......F26

MP expects date for sending budget tables by government to parliament: Always delayed

 

12/14/2024

Member of the Parliamentary Finance Committee, Jamal Kojer, expected, on Saturday, that the Council of Ministers will send the budget tables to Parliament in February of next year 2025. 

Kocher told Shafaq News Agency, "The Council of Ministers has not yet sent the budget tables to the House of Representatives, and we in the Parliamentary Finance Committee are waiting for those tables to come from the government to discuss and approve them in the House."

Koger pointed out that "the government is always late in sending the budget law and its schedules to Parliament," indicating that "it is expected that the government will send the 2025 budget schedules to Parliament next February."

The member of the Finance Committee stated that "the budget will contain the financial deficit, and the amount of the deficit will be close to the deficit planned in the current budget." 

In June of last year, the Iraqi Parliament voted on the draft general budget law for the fiscal years (2023, 2024, 2025).

The value of the 2023 budget amounted to 197 trillion and 828 billion Iraqi dinars (about 152.2 billion dollars), with a total deficit of 64.36 trillion dinars (49 billion dollars).

The Iraqi government allowed the possibility of amending the articles or paragraphs of the law, which is what actually happened when the Council of Ministers approved amending Article (12/Second/C) of the Triennial Budget Law and referring it to Parliament for discussion.

LINK

EXCERPTS FROM MARKZ, 17 DEC

  EXCERPTS FROM MARKZ

Member: Nadar said the Dinar is on the FOREX!!!!

Member: If it was – we would be exchanging…so just another rumor…imo

MZ: its kinda half way trading on forex…it’s getting a little exciting as we are starting to see fluctuations. First step is to lift sanctions. But now that it’s in place the value could jump quickly. They are laying the groundwork.

Member: Do we have to pay transaction fees when we exchange at redemption centers.

MZ: I was told that one of the biggest reasons to go to a redeeming bank/exchange center is that you will get access to your money right away and also all fees are already done. This will give you the best rate as possible.

JON DOWLING: " THE RV STARTS NOW, NOT NEXT YEAR!!!" @DINARREVALUATION #iraqidinarinvestor

 

FRANK26: "THERE WILL ALWAYS BE COCKROACHES IN THE GOV.", 17 DEC

 KTFA

FRANK26: "THERE WILL ALWAYS BE COCKROACHES IN THE GOV.".....F26

Al-Sudani: There are suspicions of corruption in all loan transactions in Iraq

 

12/14/2024

 

Prime Minister Mohammed Shia al-Sudani acknowledged, on Saturday, that there were suspicions of corruption in financial loan transactions issued by Iraqi government banks.

In a speech he gave during the opening ceremony of the first Riyada Initiative Conference and Exhibition in the capital, Baghdad, Al-Sudani praised the role of banks in the process of lending to the youth participants in that initiative, adding that “let us admit that there are suspicions of corruption in all loan transactions, which we have reached in our previous experiences.”

He added, "We are facing a new reality and a new era for Iraq in which all its capabilities and natural resources that were not properly invested are invested, and these small projects will be the nucleus for other medium and large projects," noting that "most advanced industrial countries started with small projects and ended with large companies that sponsor a full spectrum of small companies."

Al-Sudani continued by saying: We are working on developing various sectors, and in partnership with foreign companies, the local product must be present, noting that “parts of the automobile industry can be manufactured in local workshops, and government banks will be present in supporting (Riyada) initiatives.”

The Prime Minister concluded his speech by saying: We have an integrated vision that starts with the youth to cover the needs of the local market for goods.

LINK

TIDBIT FROM FRANK26, 17 DEC

 Frank26

  You know how many times that makes that Sudani told the citizens that he's going to keep his solemn oath promise to give them purchasing power? 

 You know how many times he has said that? 

 This is the ninth time...Why would Sudani be a habitual informer to the citizens that he's going to keep his promise of giving them purchasing power through a new exchange rate by lifting the three zeros off their exchange rate and introduce lower notes?  Why would Sudani do that so many times?