WALKINGSTICK: I'll take a new exchange rate for the IQD that I have in my reserves and deaL!!#iqd

 

FRANK26: "THE BUDGET IS THE KEY... TO UNLOCK EVERYTHING!!!", 1 FEB

 KTFA

FRANK26: "THE BUDGET IS THE KEY... TO UNLOCK EVERYTHING!!!".........F26

Parliamentary Committee Reveals Date of Passing Budget Amendment in Parliament

1/25/2025

 

Baghdad

The Parliamentary Committee on Regions and Governorates revealed, today, Saturday (January 25, 2025), the date for passing the amendment to the Federal Budget Law.

The deputy head of the committee, Jawad Al-Yasari, told Baghdad Today, “The amendment to the budget law will be passed after the end of the recess of the House of Representatives due to the Rajab visit to Baghdad, and after that the date for resuming the sessions will be determined."

Al-Yasari added, “There is a political consensus to pass the amendment to the budget law with the aim of resolving the differences between Baghdad and Erbil, as well as to expedite the sending of the 2025 budget tables, especially since the government has been very late in sending them."

It is noteworthy that the Kurdistan Regional Government issued an angry statement last Thursday regarding the amendment of the federal budget law.

The spokesman for the Kurdistan Regional Government said in a statement that “after a series of meetings and persistent efforts aimed at amending the federal general budget law by the Council of Representatives with the aim of resuming the export of the region’s oil, and after completing the "First and second readings, unfortunately, the draft law was not approved in the agreed-upon form at the last minute."

For its part, the federal government denied, last Thursday, what was announced by the spokesman for the Kurdistan Regional Government, regarding submitting a proposal contrary to the amendment of the Council of Ministers in the financial budget law to the House of Representatives.

Government spokesman Bassem Al-Awadi responded in a statement that “based on the government’s keenness on transparency and disclosure to citizens of the progress of its executive work, especially with regard to the budget issue, which is a fundamental pillar for implementing the commitments contained in the government programme, we confirm the government's commitment to the amendments sent to the House of Representatives regarding the budget law, which takes into account the supreme national interest, and we stress that the government's representative in the House of Representatives stressed the need not to make any other Amendments to the budget law that contradict the texts submitted by the Council of Ministers.”

The amendments to the federal budget for the current year have caused a great deal of controversy within the political corridors, as some representatives have blamed the government for raising the spending ceilings, while the latter has responded on more than one occasion that the responsibility lies with Parliament for making changes to the budget items and tampering with its schedules sent to Parliament.

LINK

TIDBIT FROM FRANK26, 1 FEB

 Frank26  

The relationship between Sudani and Donald Trump is about to announce some initiative that is going to make America and Iraq stronger.  The expectations of this are pretty high...

What do you think this announcement from Trump is going to be?  

Community comment:  MAGA and MIGA - Make Iraq Great Again.  

FRANK: I like that because that's exactly what this man is doing right now.

MZ: I am hearing they have sped things up massively in the last 10 days!...

FRANK26: "WHEN THE LIGHT OF SECURITY & STABILITY IS TURNED ON... THE COCKROACHES RUN!!!", 1 FEB

 KTFA

FRANK26: "WHEN THE LIGHT OF SECURITY & STABILITY IS TURNED ON... THE COCKROACHES RUN!!!".........F26

Coordination Framework: No enmity with Trump and America, but we are friends

 

1/27/2025

The Coordination Framework, which brings together the Shiite political forces forming the government of Mohammed Shia al-Sudani, confirmed on Monday that it is not afraid of the new US President, Donald Trump, regarding imposing any sanctions on Iraq during the next stage.

The framework's representative, Ali Nima, told Shafaq News Agency, "The framework has no fears of Trump, and promoting fears about imposing any sanctions on Iraq is unrealistic and far from reality."

"Baghdad and Washington have good relations at various levels," Nima added, adding, "We are seeking and working to strengthen this relationship during the next phase."

He pointed out that "the United States of America is a state of institutions and has a fixed policy in dealing with countries, including Iraq, and changing the country's president does not mean changing that policy and taking hostile decisions towards the country friendly to Washington, including Iraq."

Nima concluded his speech by stressing that "the Coordination Framework has no fear of Trump, and does not believe that the Republican president will do anything towards Iraq. On the contrary, he will strengthen the relationship during the coming period."

Since the announcement of the results of the US elections, and Trump's victory in the position, Republican representatives have worked to mobilize the new administration against some Iraqi figures, accusing some of them of complete loyalty to Iran, and called on the US President to take measures against them.

Trump's new team also includes the most ardent opponents of the Iranian axis, and is deeply resentful of the previous administration of Joe Biden and the administration of Barack Obama, considering that these two administrations handed Iraq over to Iran, after the withdrawal and after a series of negotiations.

LINK

 

DINAR GURUS UPDATE: IRAQ UPDATE, 1 FEB

 DINAR GURUS HIGHLIGHTS

IRAQ UPDATE

• 🇺🇸 Strengthening U.S.-Iraq Relations: Prime Minister Al Sudani is expected to announce a financial initiative aimed at enhancing ties with the U.S.
• 💰 The Role of the Dollar: The U.S. dollar continues to be the dominant global currency, with President Trump committed to its preservation.
• 📈 Potential for IQD Stabilization: If Iraq can stabilize its economy and currency, it could attract more investors, benefiting both Iraq and the U.S.
• ⚔️ Increased U.S. Military Presence: The surge of U.S. troops in Iraq signals a commitment to protect U.S. interests and support economic reforms.
• 🛢️ BP’s Strategic Oil Deal: BP is contemplating a significant oil deal in Iraq, influenced by the timing of exchange rates.
• ⏳ Importance of Timing: The timing of BP’s deal could hinge on favorable exchange rates, which would impact profitability and risk assessment.
• 🌍 Global Currency Dynamics: The interplay between the U.S. dollar and the IQD is crucial for both countries, as changes could have far-reaching consequences.

Key Insights

• 🌐 Global Currency Shifts: The video emphasizes that changes in currency dynamics can lead to significant shifts in global economic power. The U.S. dollar has maintained its status as the world’s reserve currency, but growing interest in other currencies could challenge this dominance. Iraq’s economic reforms, particularly in oil, could be pivotal in this ongoing evolution.

• 🚀 Economic Reforms in Iraq: For Iraq to capitalize on its oil wealth and stabilize the IQD, substantial reforms are necessary. These reforms need to be not only economic but also involve governance and infrastructure improvements to attract foreign investment, which will subsequently enhance its currency’s stability.

• 🔒 U.S. Interests in Iraq: The increase in U.S. military presence can be interpreted as a strategic move to secure American interests in Iraq’s oil sector. The protection of U.S. investments and the facilitation of economic reforms are likely motivations behind this military buildup, ensuring that Iraq’s economic landscape is conducive for U.S. investors.

• 💼 Investment Potential: Should the IQD stabilize due to successful reforms, it could emerge as a viable investment for international investors. This potential for growth hinges on Iraq’s ability to implement necessary changes, creating a win-win situation for both the U.S. and Iraq.

• 📊 BP’s Decision-Making Process: The video sheds light on BP’s cautious approach to signing a new deal in Iraq, indicating that the company is weighing the risks and potential rewards carefully. The firm’s hesitance may reflect not only market conditions but also political risks and the need for a favorable exchange rate.

• ⚖️  Consequences of Delayed Deals: The potential delay in BP’s signing could lead to repercussions for both BP and Iraq. If BP decides to wait, it might signal a lack of trust in the Iraqi government’s stability, affecting future foreign investments and collaborations.

• 🌱 Impact on Local Communities: The video touches on the broader implications of foreign investments in Iraq, stressing that successful deals could lead to job creation, infrastructure development, and overall economic growth. Conversely, a lack of investment could perpetuate economic challenges within local communities.

The interplay between U.S. foreign policy, Iraq’s economic reforms, and the fluctuating value of the IQD highlights a complex relationship that is likely to evolve in the coming months. 

The outcomes of these discussions and negotiations could significantly reshape both countries’ economic landscapes while also influencing global currency dynamics. As viewers are encouraged to engage with the content, the video invites further discussion on the implications of these developments, shaping an ongoing narrative that is far from resolved.

JON DOWLING: We are finally in the climax point folks!!! ‪@DINARREVALUATION‬ #iraqidinarinvest