Increase in pensioners' salaries, 18 DEC

 Increase in pensioners' salaries

Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, confirmed that “the problem of Kurdistan’s salary employees has ended, as duplicate names and fictitious employees have been removed.”

He said in a statement seen by (Al-Masry - Tuesday), "The Federal Ministry of Finance now has a clear picture of the number of employees, which turned out to be 700,000, out of 4.2 million employees in all of Iraq."

He pointed out that "there is a possibility of raising the salaries of the lower categories of retirees starting next year in line with inflation, in accordance with Article 36 of the Retirement Law."

Al-Kadhimi continued, "The government withdrew the retirement law from Parliament to make some amendments, including the Cabinet's vision to fix the retirement age at 60 years, which would allow for more appointments, while Parliament sees the need to raise it to 63 to ease financial burdens

TIDBIT FROM MILITIAMAN , 18 DEC

 Militia Man  

[Budget]  Article 12-c...hasn't been exposed to us quite yet.  That's what we're looking for I hope...

Item 4805 was published in The Gazette and yet to be opened to the public to see.  

All of this is looking to be a part of the mechanism that is likely to have already established that 'mechanism' for the suitable basis for pricing. 

 That would be an exchange rate.  That is what we're waiting to see..

DINAR REVALUATION REPORT: Some of my followers asked me if the auctions and RV can go together #iqd

 

The Central Bank And The Securities Authority Sign A Memorandum Of Understanding Regarding The Sustainable Development Of The Banking Sector, 18 DEC

 The Central Bank And The Securities Authority Sign A Memorandum Of Understanding Regarding The Sustainable Development Of The Banking Sector

The Securities Commission announced today, Sunday, the signing of a joint memorandum of understanding with the Central Bank.

The Deputy Chairman of the Securities Commission, Nagham Hussein Ismail, said in a statement to the Iraqi News Agency (INA): “Based on the joint cooperation between government institutions, and in view of the desire of the Securities Commission and the Central Bank of Iraq to create a joint cooperative framework for both parties that contributes to achieving the goals of sustainable development in the banking sector, a memorandum of understanding was signed between the two parties.”

She added, "The signing of the agreement came to enhance cooperation between the two parties in the field of information related to shareholders, and to benefit from the electronic window of the shareholders' system approved by the Iraq Stock Exchange."

JENTEL NOTES : A RATE WAS POSTED TO PAY CONTRACTOS AT $3.92 ( ENGLISH & SPANISH), 18 DEC

 JENTEL NOTES

12-16-2024

RV NEWS-

JEN- Was a rate posted last week?

URIEL- Yes, half the rate was published.

URIEL- *To pay contractors. The fare was $3.92 and

will increase to a public rate of over $7.00. (I heard $7.65.)

JEN – Why?

JEN- When will we receive notifications to trade?

URIEL- «Wednesday night». (Not sure if it's Wednesday

in Iraq or here.)

JEN- Are the other levels being paid?

URIEL- Yes, underway.

JEN- Did Reno really start as reported?

URIEL- «Yes. Disbursements and contractors are being paid. The contracts were signed. The finishing touches are being made.

JEN- What is happening with the exchange rates of other currencies

due to the privately published dinar exchange rate?

URIEL- «The dong is ready, the bolivar is rising. exchange rates

They should be ready tonight.

TRANSLATION IN SPANISH

NOTAS DE JENTEL

16-12-2024

RV NEWS-

JEN- ¿Se publicó una tarifa la semana pasada?

URIEL- Sí, se publicó la mitad de la tarifa.

URIEL- *Para pagar a los contratistas. La tarifa era de $3,92 y

aumentará a una tarifa pública de más de $7,00. (Escuché $7,65.)

JEN- ¿Por qué?

JEN- ¿Cuándo recibiremos notificaciones para intercambiar?

URIEL- «El miércoles por la noche». (No estoy seguro si es el miércoles

en Irak o aquí.)

JEN- ¿Se están pagando los otros niveles?

URIEL- Sí, en marcha.

JEN- ¿Realmente Reno comenzó como se informó?

URIEL- «Sí. Se están pagando los desembolsos y los contratistas. Se firmaron los contratos. Se están haciendo los últimos retoques.»

JEN- ¿Qué está pasando con los tipos de cambio de otras divisas

debido al tipo de cambio del dinar publicado de forma privada?

URIEL- «El dong está listo, el bolívar está subiendo. Los tipos de cambio

deberían estar listos esta noche».

JENTEL NOTES : A RATE WAS POSTED TO PAY CONTRACTORS AT $3.92 @DINARREVALUATION #iraqidinarinvestor

 

Culture: Extensive tourism and heritage events await Baghdad in 2025, 18 DEC

 Culture: Extensive tourism and heritage events await Baghdad in 2025

Economy News – Baghdad

The Ministry of Culture confirmed on Monday that the choice of Baghdad as the capital of Arab tourism for 2025 came according to strict criteria set by the Arab Tourism Organization, which confirms its entitlement, while pointing out that the capital will witness extensive tourist and heritage activities.

The Undersecretary of the Ministry of Culture, Fadel Al-Badrani, in a statement reported by the official news agency, and seen by “Economy News”, said that “the choice of Baghdad as the capital of Arab tourism for 2025 came according to strict criteria set by the Arab Tourism Organization, and it was not a random decision or a courtesy that confirms Baghdad’s entitlement to this event.”
He pointed out that “the great efforts made by the Ministry of Culture, Tourism and Antiquities, in coordination with the Office of Prime Minister Mohammed Shia Al-Sudani, resulted in achieving this achievement.”

Al-Badrani added that “the Minister of Culture had submitted a coordination request in September 2022 to choose Baghdad as the capital of Arab tourism,” stressing that “the competent committees in the organization studied all nominations and chose Baghdad as a merit based on criteria that included infrastructure, security safety, health, culture, tourism and civilizational heritage.”

He explained that “the year 2025 will witness extensive tourism, heritage and entertainment events in Baghdad on the background of its selection as the capital of Arab tourism, and there will be organized programs and visits for archaeological, historical and heritage sites in the capital and other Iraqi cities, while highlighting the intangible cultural heritage of Iraq. Coordination will also be with the Ministries of Interior and Foreign Affairs to facilitate the granting of visas to expatriates and tourists, which enhances Baghdad’s position as a prominent tourist destination.”