Tuesday, January 21, 2025
FRANK26: "IN MY OPINION, THERE IS A 3RD READING!!!", 21 JAN
KTFA
FRANK26: "IN MY OPINION, THERE IS A 3RD READING!!!"...........F26
Parliamentary Finance Committee votes on the proposal to amend Paragraph 12 of the Budget Law
1/19/2025
The Finance Committee announced, today, Sunday, the vote on the proposal to amend Paragraph 12 of the Federal General Budget Law, as it came from the government.
Earlier today, the committee announced that a vote on amending Article 12 of the budget related to the Kurdistan Region’s oil was imminent, while it pointed out the most prominent proposals submitted to amend this paragraph.
The head of the committee, Atwan Al-Atwani, said in a speech during a committee meeting, according to a statement received by {Al-Furat News}, that "the committee's meetings are continuing to discuss amending Article 12 of the budget law related to the Kurdistan Region's oil," indicating that "the committee has reached the final stages of completing the hosting and providing a lot of information in preparation for voting on the amendment today."
He added, "It is necessary for there to be a decision from the committee to submit the draft law to a vote," expressing his hope that "an agreement will be reached to vote on this draft law, which complements the 2023 budget."
The head of the committee, Atwan Al-Atwani, said in a speech during a committee meeting, according to a statement received by {Al-Furat News}, that "the committee's meetings are continuing to discuss amending Article 12 of the budget law related to the Kurdistan Region's oil," indicating that "the committee has reached the final stages of completing the hosting and providing a lot of information in preparation for voting on the amendment today."
He added, "It is necessary for there to be a decision from the committee to submit the draft law to a vote," expressing his hope that "an agreement will be reached to vote on this draft law, which complements the 2023 budget."
He pointed out that "there are a number of committee members who have raised many paragraphs and submitted proposals, and we will raise them so that everyone is aware of them, but they cannot be added considering that the project is an amendment and not budget tables," indicating that "the committee's opinion from the beginning is to proceed with amending the law, but we do not want the clauses and amendments to be like their predecessors, unproductive amendments."
He explained that "the committee added to the amendment paragraphs the obligation of the parties, whether the Ministry of Finance or the Ministry of Oil Resources, to adhere to 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 working period that may end in 2025, and it has not achieved results,” stressing, “We are keen to implement the results during this year to be a basis for 2026.”
TIDBIT FROM MARKZ, 21 JAN
MarkZ
[via PDK]
Article: “CBI unveils new banknote security features” Lots of pictures and they show us on the old bills where some of these features could be and what to look for….
This is great cover for new bills and distributing the lower denominations…this is a world class approach. With bills with new security feature - they will need to distribute the lower denominations throughout the banks and businesses.
This article had me awfully excited. The dinar is going to be one of the most sophisticated currencies in the world…and it should be as imo it is about to be the most valuable currency in the world.
FRANK26: "NEW BANKNOTES!!!", 21 JAN
KTFA
FRANK26: "NEW BANKNOTES!!!"......F26
1/25/2025
The Central Bank of Iraq revealed, today, Sunday, the new security marks for the circulating banknotes, with the aim of enhancing public awareness, in addition to companies and commercial banks that deal with these banknotes on a daily basis.
The bank explained that these improved security features will help protect the national currency from counterfeiting, and raised features have been introduced to enable the visually impaired to identify the denominations of banknotes by touch.
As part of awareness, the Central Bank stressed that the public will have enough time to adapt to the new banknotes, stressing the importance of sharing this information with others to ensure that everyone is aware of the security features.
The bank pointed out that the main objectives include maintaining the stability of local prices, ensuring a stable financial system based on a competitive market, and promoting sustainable growth, job opportunities, and prosperity in Iraq, indicating that the new banknotes will circulate alongside the old ones, and the old banknotes will not be withdrawn from circulation.
The bank added that Iraqi banknotes enjoy the highest security standards, as they are among the most complex papers in terms of security marks, and are manufactured from the best types of paper used to ensure quality and security.
The bank also stressed that any attempt to manufacture, possess or pass counterfeit banknotes is a crime punishable by law, calling on citizens to hand over any counterfeit banknotes to the police or the Central Bank of Iraq.
It is noteworthy that the headquarters of the Central Bank of Iraq is located in the capital, Baghdad, and it has three branches in the cities of Basra, Mosul, and Erbil within the Kurdistan Region.
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