Monday, February 24, 2025
Iraq's 2025 Budget Schedules "You're Going Where You Are" and the Reason: Amendments to Article 12, 24 FEB
Iraq's 2025 Budget Schedules "You're Going Where You Are" and the Reason: Amendments to Article 12
Parliamentary Finance: No signs of sending the tables due to the amendments to Article 12 that changed the equation.
The fate of the 2025 budget tables remains uncertain, despite the approval of the amendments. She pointed out thatFinance Committee There is no intention to send the latter, citing the continued amendments to Article 12 that will affect revenue and expenditure figures. There are also warnings that this delay may negatively affect many entitlements. link
MAJEED UPDATE, 24 FEB
MAJEED
EXCERPTS FROM MARKZ, 24 FEB
Member: Every week, I feel like it’s ground hogs day with the RV…..
MZ: Stay hopeful…..we will get to the end of this ….we don’t know the exact timing…but so much is lining up. Today is far better than a normal Monday morning.
Member: What happened to the spendable money bond facilitators had gotten last week? Any movement since then?
MZ: This is very unusual for a Monday Morning…but I am already hearing from Historic bond contacts. A number of them have bond contracts for later in the day tomorrow. They are expecting spendable money. So my fingers are crossed for the next 24 hours. Hoping we can cross to the other side of that bridge to track solid movement of bond holders themselves. Not just paymasters and facilitators.
TIDBIT FROM FRANK26, 24 FEB
Frank26
Iraq...is international without a doubt. The problem is they have not release the REASON why you are international yet. That will be a new exchange rate with a new denomination of currencies called the lower notes.
I love the fact that Saleh is constantly coming out every day to talk to you Iraqi citizens about the success of their banking and monetary reform education. This time he tells the Iraqi citizens that your banking reform is going through a major change.
I call it a paradigm shift. It is tremendous what is going on...You're not just a financial hub...There are so many ways he can tell you Iraqi citizens that there is a new exchange rate coming but the evidence is all around you. IMO every day there's an announcement on your television in order to soften the shock of what is soon to be announced, a new exchange rate.
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