FRANK26: "NO... SUDANI STUDIED THE ENEMY VERY CLOSELY", 19 MARCH

 KTFA

FRANK26: "NO... SUDANI STUDIED THE ENEMY VERY CLOSELY"......F26

Parliamentary Finance Committee on Budget Delay: The Government Underestimates Parliament's Role

 

3/16/2025

 

Member of the Parliamentary Finance Committee, Hussein Mounes, confirmed on Sunday that the talk about sending the general budget tables from the Ministry of Finance to the Council of Ministers is still unconfirmed, and there is no accurate information available regarding the veracity of this news.

In a statement to Shafaq News Agency, Mounes indicated that the government violated the Financial Management Law by delaying the submission of the schedules, considering this an underestimation of the role of the House of Representatives and its oversight and legislative work.

He explained that the Parliamentary Finance Committee has not yet been informed of any official date for the schedules to be submitted to Parliament, stressing the need for the government to adhere to legal and constitutional procedures when submitting the budget.

The Ministry of Finance was supposed to submit the budget tables to the Cabinet in October 2024, in preparation for approval before the start of the new year, in accordance with the Financial Management Law.

Earlier, Ibtisam al-Hilali, a member of parliament representing the Coordination Framework, predicted that the current year's budget would be submitted to parliament before the end of March. She indicated that the total budget and deficit were similar to previous budgets.

In November 2024, the head of the Parliamentary Finance Committee, Atwan al-Atwani, indicated that the government had begun meetings to prepare the 2025 budget, which was expected to reach Parliament early this year.

 He also pointed out that the oil disputes with the Kurdistan Region are among the most significant challenges facing the budget preparation process, despite efforts to resolve these disputes and resume the region's oil exports to boost the country's resources.

Last February, the Iraqi Parliament voted to amend Article 12 of the budget law, which concerns the costs of extracting oil from the Kurdistan Region.

It is noteworthy that the Council voted in June 2023 on the draft general budget law for the fiscal years (2023, 2024, 2025).

LINK

AWAKE IN 3D: A Revised Case for an RV of the Iraqi Dinar (IQD) Far Above Kuwait's $3.25 Exchange Rate

 AWAKE IN 3D: A Revised Case for an RV of the Iraqi Dinar (IQD) Far Above Kuwait's $3.25 Exchange Rate

When I first proposed a $42 Iraqi dinar revaluation scenario, the response was a mix of curiosity and critique. 

Thoughtful readers probed its feasibility, while skeptics dismissed it as improbable, detractors questioned its ambition, and quick social media quips overlooked its reasoning. 

I welcome all feedback, but I contend that dismissing complex ideas without scrutiny perpetuates noise over insight. 

As an electrical engineer and tech entrepreneur seasoned in tackling intricate challenges, my primary goal is to craft thought-provoking content grounded in logic, critical reasoning, and verifiable economic and financial facts—content that rises above speculative chatter. 

This revised scenario refines my original thesis, addressing critiques with data and precedent. 

I acknowledge the rate isn’t fixed in stone; it could be lower if Iraq opts for less gold backing of the IQD, reduces its oil revenue reserve pledge, or blends both adjustments—flexibility inherent in the model. 

Far from a rigid forecast, this is a calculated "what if" exploring Iraq’s resource potential against a fiat US dollar. 

I invite intelligent discourse and robust discussion from those ready to engage with substance, not just skim the surface.

MARKZ: Are there still 23 currencies in the first basket? @DINARREVALUATION #iraqidinarinvestor

 

FRANK26: "AND IF YOU THINK THAT MUCH IS FOR 1310... THINK AGAIN"., 19 MARCH

 KTFA

FRANK26: "AND IF YOU THINK THAT MUCH IS FOR 1310... THINK AGAIN".....F26 

Al-Sudani's advisor: Iraq's foreign reserves reach $110 billion

3/16/2025

 

- Baghdad
 

The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Sunday that Iraq's foreign exchange reserves are a safety net against economic fluctuations, noting that they are estimated at approximately $110 billion.

"Iraq's foreign exchange reserves are one of the most important indicators supporting investment, both domestic and foreign, as the country has a stable foreign exchange portfolio estimated at approximately $110 billion, distributed between gold, dollars, and foreign currencies," Saleh said in a statement to the official agency, followed by "Al-Eqtisad News."

He explained that "these reserves contribute to strengthening macroeconomic stability, both domestically and externally, making them a protective factor against global economic fluctuations and shocks. They also provide strong coverage for the monetary base and financial indicators related to trade and international debt maturing soon. "

He added, "The current account of the balance of payments is recording positive rates that enhance the stability of the value of the Iraqi dinar,thus reducing the impact of fluctuations in global oil markets, given the nature of Iraq's rentier economy." He noted that "Iraq, as the fifth largest oil producer in the world, enjoys sustainable foreign financial flows, enabling it to quickly and efficiently support its cash reserves."

He stressed that "these strong reserves provide a stable investment environment, which contributes to accelerating the pace of investment and supporting the country's promising economic growth."

LINK

TIDBIT FROM WOLVERINE, 19 MARCH

 Wolverine  

[via Judy Byingston] 

  “A high, high source ...told me we will be celebrating this week. 

I can’t tell you the date, but it will all be happening this week.”

FIREFLY: IRAQ BUDGET IS GOING FORWARD @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

FRANK26: "THERE YOU GO PRESIDENT TRUMP."., 19 MARCH

 KTFA

FRANK26: "THERE YOU GO PRESIDENT TRUMP."..........F26

Iraq and Turkey agree to double electricity supply via the interconnection line to 600 megawatts.

3/16/2025

 

Iraqi Minister of Electricity, Ziyad Ali Fadhil, received Turkish Minister of Energy, Alparslan Bayraktar, in Baghdad on Sunday, in the presence of Turkish Ambassador Anil Bora Inan, to discuss prospects for cooperation in the energy sector and strengthening the electrical interconnection between the two countries.

The Iraqi minister confirmed, according to a statement received by Shafaq News Agency, that the Ministry of Electricity has completed all preparations to increase the supply capacity via the Iraqi-Turkish interconnection line to 600 megawatts, proposing the formation of a joint higher technical committee to follow up on the implementation of the agreements.

For his part, the Turkish minister announced that supplies via the joint pipeline will double in the coming months, emphasizing Ankara's keenness to enhance cooperation with Baghdad in the energy sector.

It is noteworthy that the joint electricity interconnection line (Kask-Jazra 400 kV) began operating last July and currently supplies Iraq with 300 megawatts.

Turkish Minister of Energy and Natural Resources Alp Arslan arrived in Baghdad on Sunday, where he was received by Iraqi Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani.

LINK