IRAQI BANK FRIEND AKI: WE ARE JUST WAITING THE NEW EXCHANGE RATE THAT WILL COME WITH 2025 BUDGET

 

EXCERPTS FROM MARKZ, 26 FEB

 EXCERPTS FROM MARKZ

Member: with all this bond news- is February still possible?

MZ: It’s still possible, but we are at the end of it so things may bleed into March. To me things have already started according to things I am hearing. 

​​Member: Frank26 said diner on CBI website was $3.22 for about 5 minutes

Member: Great interview with Dr. Judy Shelton on gold backed money from Liberty and Finance last night 

MZ: Yes Dr. Shelton is openly talking about the coming reset, sound money, gold backed currency and gold backed bonds. 

AJ : 🔥This EXPLAINS why BUDGET TABLES DELAYS!!, 26 FEB

 AJ

This EXPLAINS why BUDGET TABLES DELAYS. 

Because it's related to the re-export of oil produced from oil fields to the Turkish port of Ceyhan via Somo. The Ministry of Finance will finish preparing the tables and sending them to a council 

The ministers to vote on it in the middle of next month, noting that the council The ministers will vote on the tables without delay and then send them to the House of Representatives for a vote on her". On Monday, an official source in the Iraqi Ministry of Finance reported that a delay in sending The federal budget tables to the Council of Ministers relate to the amendments to Article 12 of the Law Budget.

And pass The Iraqi parliament recently amended the general budget related to Article 12, settled A dispute between the Kurdistan region and the federal government over the receipt of the region's oil. And overall In June 2023, the Iraqi parliament voted on the budget bill General for financial years (2023, 2024, 2025), to approve budget tables for those Years, it is sent by the Iraqi government to parliament for a vote. And he said The government source for the Twilight News Agency, "The Ministry of Finance has been working on Preparing the general budget tables for the year 2025, in order to send them to the Council of Ministers For approval. "He drew Until "the Ministry of Finance will finish preparing the tables and sending them to a council The ministers to vote on it in the middle of next month, noting that the council The ministers will vote on the tables without delay and then send them to the House of Representatives for a vote on her". And announced Yesterday, Sunday, the Federal Ministry of Oil completed the necessary procedures to complete Exporting oil produced in the Kurdistan region through the Turkish port of Ceyhan, confirming that these The step comes according to the mechanisms specified in the budget law and its amendment, and within the production ceiling The Rapporteur for Iraq in the "OPEC" organization. The negotiating delegation of the Kurdistan Regional Government to announce the Ministry of Oil at the invitation of the government Federalism to implement its obligations before proceeding with the oil export process.He explained The delegation stated that despite the regional government’s assertion of its commitment to implement the first amendment law The Federal Public Budget Law, related to the re-export of oil produced from fields Territory to the Turkish port of Ceyhan via "Somo", the application of the law Agreement requires several key points, including the determination of quantities for consumption Local in the region, in proportion to actual needs, similar to other regions Iraq, and to establish a clear and specific mechanism for paying the dues of production and transport companies to a government Territory, according to the law.

10:07 PM · Feb 24, 2025

FRANK26: When talking to a bank wealth manager/private banker, ‪@DINARREVALUATION‬ #iraqidinarinvestor

 

Cooperation Between Iraq And The ITIC Center To Promote Tax Reform, 26 FEB

 Cooperation Between Iraq And The ITIC Center To Promote Tax Reform

 
Economic 2025/02/24   Baghdad: Hussein Thaghab  In a move that is a qualitative shift towards promoting tax reform, an Iraqi local institution signed a strategic cooperation agreement with the International Center for Taxes and Investment (ITIC) in Washington, with the aim of supporting efforts to reform the tax system in Iraq.
 
This agreement, signed by the "Asset" organization, came at a time when the data showed the increase in tax revenues during the year 2024 to more than 3.5 trillion dinars, which reflects a remarkable improvement in managing this vital sector.
 
The Chairman of the tax reform committee, Counselor Dr. Abdul Hussein Al-Anbaki,
 
the agreement as an "important step towards reforming the tax system in Iraq", stressing that
 
cooperation with ITIC represents a qualitative shift in the reform process.  Al-Anbaki told Al-Sabah:
 
“The International Center provided a team of full -time experts specializing in tax reform to
 
     study the current reality of taxes in Iraq, and work to
     reform the pillars of this sector.” He added:
 
“Our goal is to build a fair and transparent tax system,
 
     dependent on best practices International, and
     contributes to strengthening the investment environment and
     supporting the national economy." 

He continued:  "We pay great attention to the private sector, as we seek to attract investments by providing an ideal environment.
 
Our supreme goal is to raise the contribution of the private sector to GDP in greater proportions."
 
For his part, Khaled Al Jabri, head of the "Assets" organization and member of the Higher Committee for Tax Reform in Iraq, described
 
this partnership as "an important and strategic step towards strengthening international cooperation in the field of tax and investment reforms in Iraq."  Al-Jabri told Al -Sabah:
 
 “This cooperation contributes to achieving a more transparent and sustainable economic environment, and enhances non-oil revenues by improving the business environment, especially for foreign companies operating in Iraq or that wish to enter the Iraqi market.”  He added:
 
"This cooperation works to provide the Iraqi government with the expertise necessary to
 
     achieve growth in all areas of the economy, and to  enhance non-oil national imports at the expense of oil imports." 

Al-Jabri pointed to the growth of tax revenues in Iraq, as the year 2024 witnessed the investigation of tax revenues of 3.755 trillion dinars, stressing that
 
the work continues to address the main problems that hindered the performance of the tax system for a long time. He revealed that the coming days will witness the treatment of three main problems that have burdened the taxpayers, the
 
 first of which is the problem of similarity of names, which are being addressed through an advanced digital system that prevents procedural errors.
 
     Inquiry about the taxpayers will also become completely digital, which facilitates the knowledge of the tax situation without the need to review the body. In addition,
 
     inquiries about companies will become an electronic available for government departments, which enhances transparency, encourages investment and speeds up procedures."  He pointed out that the
 
role of the Supreme Committee for Tax Reform in achieving growth is clear, as the Supreme Committee for Tax Reform contributed directly to improving revenues,
 
by organizing the tax administration within the General Tax Authority, which      
 
  helped reduce corruption and
  celerate the completion of transactions, and
  issue motivational decisions such as exempting the taxpayers Of fines and benefits, which encouraged them to pay the dues.      https://alsabaah.iq/110620-.html 

MILITIAMAN CC HIGHLIGHTS NOTES, 26 FEB

 MILITIAMAN CC HIGHLIGHTS NOTES

Highlights

Summary

In a recent video update, Militia Man discusses the significant advancements Iraq is making in digital transformation and economic recovery. The Iraqi government is actively working to modernize its ministries through a digital transformation initiative aimed at enhancing efficiency, transparency, and cybersecurity.

 This initiative is part of a broader regional effort to align Arab countries with global digital standards. The Prime Minister is committed to establishing centers to bolster cybersecurity and digital governance. Additionally,

 Iraq is navigating the complexities of oil exports, international relations, and tax reforms while aiming to stimulate economic growth and reduce reliance on foreign technologies. The upcoming population census will enable fair resource distribution, and the country is on track to eliminate a significant portion of its foreign debt by 2028, positioning itself for enhanced international cooperation and investment opportunities.

• 🚀 Digital Transformation Push: Iraq is racing against time to complete its digital transformation, aligning with global developments.
• 💻  Cybersecurity Centers Established: The government is setting up dedicated centers for digital transformation and cybersecurity to protect vital sectors.
• 🛢️ Oil Export Resumption: The Kurdistan region is expected to resume oil exports within a week, pending Turkey’s approval.
• 📊 Population Census: After four decades, Iraq is conducting a census to ensure fair distribution of resources among its citizens.
• 💰 Debt Reduction: Iraq has significantly reduced its foreign debt burden, aiming to eliminate it completely by 2028.
• 🌍 Economic Opportunities: Strategic projects like the Development Road and Grand Faw Port are seen as key drivers for Iraq’s economic integration into the global market.
• 📈 Tax Reform Initiatives: A cooperation agreement with the International Tax and Investment Center aims to reform Iraq’s tax system and enhance transparency.

Key Insights

• 🌐 Digital Transformation as a Priority: The Iraqi government’s emphasis on digital transformation highlights its recognition of the need to modernize its administrative functions. By establishing specialized teams to evaluate the progress of various ministries, Iraq is demonstrating a commitment to not only digitization but also to addressing bureaucratic inefficiencies that have long plagued governance. This approach seeks to streamline processes and enhance service delivery to citizens, ultimately fostering a more efficient government.

• 🔒 Cybersecurity as a Necessity: With the increasing reliance on digital systems, cybersecurity emerges as a critical concern. The planned establishment of cybersecurity centers indicates a proactive stance in safeguarding national interests against cyber threats. This is essential not only for protecting financial institutions and vital services but also for building public trust in digital governance. As Iraq invests in these protective measures, it aligns itself with global standards for cybersecurity, which is crucial for attracting foreign investment.

• 🤝 Strengthening International Relations: The collaboration between the Iraqi government and the Chalan American Chamber of Commerce signifies an important step toward fostering economic ties with the Iraqi diaspora. By activating the Chamber, Iraq aims to leverage the financial resources and expertise of its expatriates to stimulate investment back home. This relationship is pivotal in rebuilding the economy and revitalizing local communities, especially in regions like Nineveh that are in recovery from conflict.

• 📊 Population Census as a Game-Changer: The decision to conduct a population census after 40 years represents a monumental step towards accurate data collection, which is vital for resource allocation and planning. The census will allow the government to understand demographic shifts and needs better, ensuring that development programs are tailored to the actual population landscape. This data-driven approach is likely to enhance transparency and accountability in governance.

• 💵 Sustainable Debt Management: Iraq’s efforts to reduce foreign debt significantly enhance its economic stability. With debts projected to fall below $9 billion by 2028, the government is positioning itself to operate without the constraints typically imposed by external creditors. This financial freedom allows Iraq to allocate resources toward development projects and social services, fostering a more resilient economy.

• 🌍 Strategic Economic Projects: The Development Road and Grand Faw Port projects are not just infrastructural endeavors; they are strategic initiatives aimed at integrating Iraq into the global economy. By facilitating trade and improving logistical capabilities, these projects are expected to create numerous job opportunities and stimulate economic activity across various sectors, including tourism and technology.

• 📉 Tax Reform for Economic Growth: The partnership with the International Tax and Investment Center marks a significant shift towards creating a fair and transparent tax system in Iraq. By addressing prior inefficiencies, the government aims to enhance the investment climate, encouraging both local and foreign businesses to engage with the Iraqi market. This initiative is expected to bolster non-oil revenues, which are crucial for diversifying the economy away from its historical dependence on oil exports.

In summary, Iraq is at a pivotal moment in its journey towards modernization and economic recovery. The government’s comprehensive approach to digital transformation, cybersecurity, international relations, and debt management reflects a forward-looking vision aimed at integrating Iraq into the global community. These efforts are not just about immediate gains but are foundational steps toward sustainable growth and stability in the years to come. As the country navigates these changes, the potential for economic revitalization and improved quality of life for its citizens becomes increasingly tangible.

FIREFLY: Everybody waits for the new exchange rate! WE ARE CLOSE!! ‪@DINARREVALUATION‬ #iraqidinar