BROTHERS TECHNOLOGY: I Think The ministry of Oil is ready…, 12 JAN

BROTHERS TECHNOLOGY

I Think The ministry of Oil is ready……. Politics: Euphrates News} The leader of the Patriotic Union of Kurdistan, Mahmoud Khoshnaw, confirmed the existence of a positive atmosphere between Baghdad and Erbil in the financial and economic aspects,

while pointing out that solving the oil export crisis and securing the salaries of the Kurdistan Region is the responsibility of the Federal House of Representatives. The useful summary..

In the important news, you will find it on the Al-Furat News channel on http://Telegram.To subscribe, click here Khoshnau explained {For the Euphrates News} that: "Amending Article 12 of the Budget Law, relating to the resumption of oil exports, is an essential step in this direction."

He pointed out that "the Federal Ministry of Finance confirmed that it is not possible to pay the Kurdistan Region's share of the budget unless the export of oil is resumed, in return, the region expressed its readiness to export oil, but the problem lies in the absence of agreement and agreement with the producing companies in the region."

Khoshnau added that "the Kurdistan Region handed over the entire oil file to the federal government, which makes the ball now in the court of the Iraqi Ministry of Oil," praising "the efforts of the federal government in this file, as it submitted a project to the House of Representatives that includes four paths to resolve the crisis."

The leader of the National Union concluded by stressing "the need for all parties to adopt the establishment of the pillars of readiness and cooperation to solve this crisis, especially as it relates to the salaries of employees and retirees, who are long overdue for a radical solution to this problem." An official document revealed Erbil's refraint from paying oil revenues for the months of the Federal Ministry of Finance.

The document, obtained by {Euphrates News}, included an official address between the Federal Ministry of Finance and the region to explain the reasons for Erbil's abstaining from paying the amounts of oil revenues for the months of (July-Aust-September).  Ragheed

MNT GOAT: IRAQ IS JUSTIFYING THESE VERY NEAR CHANGES TO THE CURRENCY AUCTION SYSTEM @DINARREVALUATION

 

Minister of Finance: We financed all the salaries of the Kurdistan Region 2024 and handed them over the responsibility of the region, 12 JAN

 Minister of Finance: We financed all the salaries of the Kurdistan Region 2024 and handed them over the responsibility of the region

Finance Minister Taif Sami announced on Saturday the financing of the full salaries of the region’s employees for 2024.

The useful summary.. In the important news, you will find it on the Al-Furat News channel on Telegram.To subscribe, click here

“Employees’ Salaries During 2025 Are Fully Secured,” Sami Said During Her Hosting At The Parliamentary Finance Committee, Stressing That “The Federal Government Paid More Than 11 Trillion Salaries To The Employees Of The Kurdistan Region. The Authorities In Kurdistan Did Not Hand Over The Region’S Oil And Non-Oil Revenues To The Center.”

She added, “The region’s non-oil revenues amounted to more than 4 trillion dinars. Erbil sent only 320 billion dinars to Baghdad, and we financed the entire salaries of the region’s employees for 2024 and are not responsible for not delivering them to their entitlements.”

For his part, the head of the Parliamentary Finance Committee, Atwan Al-Atwani, said that “we discussed during the hosting of the Minister of Finance the budget schedules of 2025 and the file of employees’ salaries.”

He explained that “the hosting mainly aims to determine the priorities of spending in the 2025 budget and the proposal to amend Article (12) in the Tripartite Budget Law,” stressing that “the Committee is keen to integrate the work between the legislative and executive authorities.”

https://alforatnews.iq/news/وزير-المالية-مولنا-رواتب-إقليم-كردستان-2024-وتسليمها-مسؤولية-الإقليم

EXCERPTS FROM MARKZ, 12 JAN

 EXCERPTS FROM MARKZ

Member: Thought HCL was Approved already a few weeks ago?   They really do like to kick the can 

Member: Second Reading on Monday ONLY if not postponed AGAIN

Member: Goldilocks said HCL was done and they were only waiting for 2 laws to be signed in quickly and we are good to go. I believe they were signed in already.

MZ: I am being told if the second reading goes well….they will immediately do the third reading …then Boom we will finally have the HCL. 

Member: This is mental gymnastics because it was said that HCL had been already done. They had a second reading before last year. It seems like they are trying to throw off timing on this .

MZ: No updates on CMKX, Mr. C or the bond side yet today

Member: I heard a rumor that Sudani said the IQD would be worth $54 cents in the next 72 hours. 

Member: At this point, I don't care what the rate is. Just get it done. I will make it work

MZ: I had not heard that tumor yet…but who would jump on it? I would sure think about exchanging and holding it in a multi currency account 

FIREFLY: CHECKMATE!! : IRAQ MUST ADD VALUE TO THE DINAR ONCE STOPS THE CURRENCY AUCTION #iqd

 

,PM directs to work on complete tourism projects and offer them as a single package 12 JAN

 PM directs to work on complete tourism projects and offer them as a single package

Baghdad-INA
Prime Minister Mohammed Shia Al-Sudani directed today, Saturday, work on complete tourism projects and offering them as a single package.

The Prime Minister’s Media Office stated in a statement received by the Iraqi News Agency (INA), that “the Prime Minister chaired a meeting dedicated to presenting a package of tourism projects planned to be established in the capital, Baghdad, and the rest of the governorates.”

 The Prime Minister pointed out, according to the statement, that “tourism and its components are available in Iraq, and it can be transformed into a basic source in the non-oil economy, with the availability of opportunities, local need, and the desire of citizens to benefit from and enjoy modern, advanced, and environmentally friendly tourism facilities, as it represents a gateway to expanding the elements of attraction for incoming tourism from abroad.”

The Prime Minister highlighted “the importance of investing in the opportunity of choosing Baghdad as the capital of Arab tourism for the year 2025, building attractive tourist and entertainment facilities, overcoming bureaucratic obstacles, and creating more suitable conditions to attract foreign investment in this sector. ”

The Prime Minister directed, according to the statement, “to work on maturing tourism projects and offering them as a single package, especially since developing this sector will contribute to strengthening and diversifying the national economy by activating vital sectors, including the tourism sector, which the government is keen to activate for the next stage, based on its government program.”

The statement continued, “The meeting approved extending an invitation to a Spanish company specialized in tourism development in order to put projects related to this sector on track, as well as to develop the capabilities of specialized cadres in tourism and keep pace with the latest developments witnessed by this sector globally. 21 tourism projects were also reviewed, including hotels, resorts, sustainable forests, cities and entertainment complexes in Baghdad and various governorates, which provide the reasons for attraction, infrastructure and economic feasibility.”

https://ina.iq/eng/37650-pm-directs-to-work-on-complete-tourism-projects-and-offer-them-as-a-single-package.html

TIDBIT FROM BRUCE, 12 JAN

 Bruce 

 [via WiserNow]  

...we did understand that there was a conference call...that would have incorporated all of the redemption centers, leaders and bank managers, at least bank managers throughout the country, the US...what was interesting was that there were two main things...

that they discussed...on this conference call, one of which was that these currencies which we're exchanging, they are not a taxable event...

it was designed to be way on purpose. Now, the income that you earn from interest being paid on your account in the bank that interest is called passive income, and it will be taxed, but the event itself, the exchange of currencies...is not taxable...  [Always check with your tax professional at the appropriate time.]