Tuesday, December 17, 2024
After an Interruption of More Than 30 Years, Iraq Wins the Chairmanship of the Executive Council of the Arab Investment Company, 17 DEC
After an Interruption of More Than 30 Years, Iraq Wins the Chairmanship of the Executive Council of the Arab Investment Company
The Iraqi Embassy in Libya announced today, Tuesday, that Iraq won the presidency of the Executive Council of the Arab Investment Company in the year 2025.
The Chargé d'Affaires of the Embassy, Ahmed Al-Sahaf, told the Iraqi News Agency (INA) that "in a prominent diplomatic step, Iraq succeeded in winning the presidency of the Arab Investment Company during the 63rd session of the Arab Economic and Social Council held in the Jordanian capital, Amman, to return to this position after an absence of 32 years," noting that "Iraq has not been able to obtain the presidency of the aforementioned company's council since 1992."
She explained that "this achievement came in accordance with the joint coordination between the Ministries of Foreign Affairs and Industry and within the priorities of the government program of Prime Minister Mohammed Shia al-Sudani, and the emphasis of Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein on repositioning Iraq's role in regional and international organizations, within the multilateral diplomatic path
As well as the strategic planning and management that the Iraqi Ministry of Industry has been pursuing, and in accordance with productive diplomacy, through intensive efforts led by the Iraqi Embassy in Tripoli, headed by the Chargé d'Affaires, Dr. Ahmed al-Sahaf, who was able to obtain decisive Libyan support to strengthen Iraq's candidacy, through coordination with the Chairman of the Investment Authority in the State of Libya, Dr. Abdul Hakim al-Fitouri, who gave Libya's vote to Iraq, which it needed to secure victory."
He noted that "Iraq hosted the company's executive council meetings in 2025 in Baghdad, a step aimed at enhancing Arab cooperation in the fields of industry and infrastructure, and consolidating Iraq's position as a pivotal industrial center." link
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.
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.
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.
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