Monday, February 3, 2025
The Prime Minister sponsors the ceremony of handing over the key to Baghdad, the Arab Tourism Capital 2025 , 3 FEB
The Prime Minister sponsors the ceremony of handing over the key to Baghdad, the Arab Tourism Capital 2025
2/2/2025
Prime Minister Mohammed Shia Al-Sudani sponsored the ceremony of handing over the key to Baghdad, the Arab Tourism Capital 2025.
Last December, the Arab Tourism Organization chose Baghdad as the Arab Tourism Capital for the year 2025. LINK
AJ: Parliamentary source: Parliament's vote on amending the budget does not mean approving the 2025 schedules! , 3 FEB
AJ
Parliamentary source: Parliament's vote on amending the budget does not mean approving the 2025 schedules
A parliamentary source revealed, on Sunday, that the 2025 budget schedules were not approved in today's session, while indicating that the vote on amending the budget law was limited to a paragraph related to the Kurdistan Region's oil . The source said, in an interview with Shafaq News Agency, "The House of Representatives voted today to amend Article 12 of the Federal Budget Law," stressing at the same time that "this amendment has nothing to do with the budget law schedules for the year 2025." The source added, "Expectations indicate that the federal government will send the budget tables to parliament at the end of February, especially after the vote on amending the budget law today," indicating that "the budget tables will be similar to last year, but the difference will only be in the numbers of operating and investment expenses." The source pointed out that "the cost of extracting oil according to the new amendment in the budget will be 6 dollars for the central and southern provinces and 16 dollars in the Kurdistan Region." Earlier today, Sunday, the Iraqi Council of Representatives voted on the draft law amending the first law of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 - 2024 - 2025) No. (13) of 2023 . The amendment to Article 12 of the Budget Law includes two paragraphs, the first of which relates to the costs of producing and transporting the Kurdistan Region’s oil after determining the actual estimated costs through the advisory body.” As for the second paragraph, it stipulates that if the federal and regional governments do not agree on the costs of production and transportation, the Ministry of Oil shall choose a party to determine those costs, and as a result the cost of extracting oil from the oil fields in the region shall be calculated . The President of the Republic, Abdul Latif Jamal Rashid, had previously warned against the continued increase in operating expenses in the general budget allocated to finance the monthly salaries of employees and workers in the public sector in the country, stressing the need to support the private sector to push the economy forward . shafaq.com/ar/%D8%B3%DB%8
Rafidain Bank announces the start of distributing retirees’ salaries for the month of February , 3 FEB
Rafidain Bank announces the start of distributing retirees’ salaries for the month of February
2/2/2025
Rafidain Bank announced today, Sunday, the start of distributing retirees’ salaries for the current month of February through electronic payment tools.
The bank's media office said in a statement received by {Euphrates News}, a copy of which said, "The distribution of salaries for civilian and military retirees has begun."
He pointed out that "retirees who receive text messages can go to receive their salaries from wherever they are." LINK
TIDBIT FROM JEFF, 3 FEB
Jeff
Question: "How long should we wait to go to the bank if we are not needing money ASAP?
In other words do you think it will start floating fairly quickly or will it take some time?"
This will be a managed float, which means it can only change plus or minus 10% per day...When the rate changes it'll come out somewhere around the $3.80 range.
That's my opinion. I don't think it's going to go over $4 until going into the 2025 budget period...I think it's going to stay below $4 during our 90-day window to exchange.
I wouldn't worry about time waiting for it to float... Get it exchanged. Don't wait for this to go up in value because I don't think you're going to have that opportunity or time frame.
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