EXCERPTS FROM MARKZ, 26 FEB

EXCERPTS FROM MARKZ

MZ: This could be a tumultuous week. There is lots of information going back and forth with lots of bond meetings today and this evening all around the globe. I am really hoping for steller news later on…

MZ: I think we are hearing many rumors because things are in process. 

MZ: I am getting more confirmations from bond folks with final contracts and meetings happening all throughout the day today. I am very hopeful we are about to have some exceptionally clear indicators from this.

MZ: Almost all my historic bonds contacts are expecting conference calls with updates today on their status. I have never seen this much activity. At least not in a very long time. 

MZ: Instructions, updates, meetings and conference calls are ripping through and preparing the historic bond markets….They appear to be on the precipice of completion.  

MAJEED UPDATE, 26 FEB

 MAJEED

Iraq signs an agreement to rehabilitate and develop the four Kirkuk fields with the British company BP “agreement is the last stage before signing the contract finally” BP company is not signing the contract until they see the new rate implemented and their share is written on the agreement with the new rate

9:36 AM · Feb 25, 2025

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