FIREFLY: Forex would be international and like you want, the float!! @DINARREVALUATION #iraqidinar

 

Parliamentary Finance votes on the proposed amendment of paragraph 12 of the budget law, 19 JAN

 Parliamentary Finance votes on the proposed amendment of paragraph 12 of the budget law

The Finance Committee announced on Sunday the vote on the proposed amendment of paragraph 12 of the Federal Budget Law, as stated by the government.

The committee announced earlier today, near the vote on the amendment of Article 12 of the budget related to Kurdistan Region oil, while referring to the most prominent proposals submitted to amend this paragraph.

The head of the committee, Atwan Al-Attwani, said in a speech during a meeting of the committee, according to a statement received by {Al-Furat News} that “the meetings of the committee continue to discuss the amendment of Article 12 of the budget law on Kurdistan Region oil,” noting that “the committee has reached the final stages of completing hosting, and stating many information in preparation for voting on the amendment on this day.”

He added that “it is necessary for there to be a decision from the committee to raise the draft law to a vote,” expressing his hope that “the vote will be agreed on this complementary draft of the 2023 budget.”

He pointed out that “there are a number of committee members who put forward a lot of paragraphs and submitted proposals, and we will put them forward for everyone to be aware of them, but it cannot be added considering that the draft is an amendment and not budget tables,” noting that “the opinion of the committee from the beginning is to proceed with the amendment of the law, but we do not want the items and amendments to be unproductive amendments like previous ones.”

He explained that “the committee added to the paragraphs of the amendment to oblige the parties, whether the Ministry of Finance or the Ministry of Oil Resources, to comply with the outputs of the consulting company,” stressing that “there must be an obligation for both parties.”

Al-Atwani concluded by saying, “The consulting company must have a period of work that may end in 2025, and has not achieved results,” stressing that “we are keen to apply the results during this year to be the rule for 2026.”

https://alforatnews.iq/news/المالية-النيابية-تصوت-على-مقترح-تعديل-الفقرة-12-من-قانون-الموازنة

TIDBIT FROM JEFF, 19 JAN

 Jeff  

 Question:  "How long IYO will we have to exchange our 3-zero notes before they are rendered non-negotiable?" 

 Jeff:  ...When they phased out the old Saddam Swiss notes and put the new notes into circulation everybody had 90 days to turn in their old Saddam notes and get the new ones.  They used to have a 50 note up until 2012.  They phased out 50 note and replaced it with the 50,000 note.

 When everybody had to turn in their old 50 note they had 90 days as well.  My opinion is that we're all going to have 90 days to turn in our notes because that's how long they had historically from two different scenarios to turn them in.

MARKZ: CMKX & OMEGA INTEL @DINARREVALUATION #iraqidinar #iraqidinarinvestor

 

Iraq calls on the world to conduct a comprehensive reform of the financial system and a dialogue on technology governance, 19 JAN

  Iraq calls on the world to conduct a comprehensive reform of the financial system and a dialogue on technology governance

The representative of Iraq to the United Nations in New York, Abbas Kazim Obaid, in his capacity as Chairman of the Group of 77 and China, delivered the group’s statement during the session of the United Nations General Assembly in which the Secretary-General reviewed the priorities of his term for the year 2025, in light of the circumstances and challenges facing the international community.

In his statement, the representative of Iraq stressed the complex and interconnected global challenges, including ongoing conflicts, the effects of climate change, poverty, hunger, high debt levels, limited financing for the Sustainable Development Goals, and the growing digital divide. He stressed the need to support developing countries in financing sustainable development through the Fourth Conference on Financing for Development.

He called for a comprehensive reform of the global financial system to address structural inequalities, ensure equitable access to long-term finance, and advance sustainable development efforts.

He also stressed the importance of fully implementing the decisions of the Conference of the Parties on Climate Change, while supporting the Secretary-General’s efforts to achieve the Sustainable Development Goals by 2030.

Obaid also called for a comprehensive international governmental process to address the digital divide, the establishment of an independent scientific team for artificial intelligence, and the launch of a global dialogue on technology governance. link

STORIES TO SHARE BY MARKZ , 19 JAN

STORIES TO SHARE BY MARKZ 

MZ: I also have some stories to share this morning on the dinar.

MZ: “The Tripartite budget and its final year” they did the budget this way because it includes a mechanism for a “value change”

MZ: I believe we are in the final days before we get the final flip or switch or change of the purchasing power of the dinar

MZ: “Parliamentary finance reveals the objectives of revealing the federal budget”  This happened today. I am told they expect the vote or third reading on this tomorrow. I am very optimistic on what is happening in Iraq this weekend and would not surprise me if they raise that value soon.

MZ: “Federal Reserve withdraws from global regulatory climate change group” …..They are throwing in the towel now that Trump is coming…….A number of people are writing their farewells ect….From Federal Reserve , To Janet Yellen, To IRS folks…….many are leaving before the Trump inauguration.

MZ: In my opinion the Federal Reserve will be absorbed into the US Treasury …..

MZ: “Yellen: Debt limit will be hit the day after Trumps inauguration” Reading this today I had an “AHA” moment. Congress had extended the debt limit until Trump got into office. It was supposed to keep things funded until March giving the new administration time to deal with it.

MZ: The Biden admin has spent 30% of the entire budget for 2025 in the last few weeks. They were spending at a record rate. Now the new congress and president Trump on Day 1 (because of overspending) will hit the debt limit. This means they will have to go to emergency dollars and extraordinary measure to keep the lights on.  This was sabotage of the US government and the American people. IMO……

MZ: Of course it they enact Nesara – we are in golden shape….

REINALDO JC: The U.S. debt will be deleted by the REINSTATEMENT of Iraqi Dinar @DINARREVALUATION