No Budget, No Answers: Iraq’s 2025 financial plan still missing, 16 APRIL

 No Budget, No Answers: Iraq’s 2025 financial plan still missing

Shafaq News/ The Iraqi government has yet to submit the 2025 budget tables to parliament, prompting criticism from the Parliamentary Finance Committee, which described the delay on Tuesday as “unexplained.”

Committee member Saad al-Noubi said both Planning Minister Mohammed Tamim and Finance Minister Taif Sami had previously told lawmakers the tables had been sent to the Cabinet. “But until now, nothing has arrived,” he told Shafaq News, calling the delay a “clear challenge” to the legislature.

The documents were expected before the end of March, in line with Iraq’s three-year federal budget covering 2023 to 2025. Al-Noubi said the committee had requested clarification from the ministers but received no reply.

The absence of the budget tables has raised concerns over potential disruptions to public spending, including public sector salaries and regional allocations, particularly to the Kurdistan Region. Without parliamentary approval, planned expenditures for 2025 remain on hold.

Iraq faces mounting economic pressures and political friction between branches of government, with lawmakers warning that further postponement could strain fiscal planning and service delivery.

RECAP: Redemption/exchange process & Cheat Sheet for Exchange Appointment by Fleming, 16 APRIL

 Redemption/exchange process & Cheat Sheet for Exchange Appointment  by Fleming

September 17, 2023

Cheat Sheet for Appointment with Supplemental Information, Fleming (Rev. 5.21.2021)

List of currencies:

• US

• UK

• Kuwait

• Canada

• Mexico

• Russia

• China

• Venezuela

• Iranian Rial

• IRAQ

• Indonesia Rupiah

• Malaysia

• Vietnamese

• Brazil

• Saudi Arabia

• Qatar

• United Arab Emirates

• Turkey

• Afghanistan

• India

• Libya

• Japan

Cheat Sheet for Appointment with Supplemental Information, Fleming (Rev. 5.21.2021)

If you do not have a project but wish to help, below is list of 15 categories of projects from which you can choose. Each category is associated with an Executive Order (EO). You can look up the EO to learn what the focus is. This will help if you do not have an existing project.

• Infrastructure – (There are 5 EOs related to infrastructure. One is #13807 8/15/2017 – Review purpose and what is needed)

• Energy

• International and American business

• Security

• Violence and criminals

• American Indians, refuges and pacific islanders

• Housing

• Technology and space

• Agriculture, oceans, water

• Health

• Spiritual

• Terrorists

• Education

• Financial and money

• Veterans

Project Cover Sheet

Name of Project

Name of Submitter

Phone number

Email Address

Date of Submission

Description of the project – give as much detail as possible. (If you have a plan or outline prepared, attach this form to front of that plan).

IQD RV🚨ELECTRONIC SYSTEMS COMPLETE!!: IMPLEMENTATION OF RATE CAN NOW PROCEED!! @DINARREVALUATION

 

Vietnam discovers 12 mines containing over 10 tons of gold , 16 APRIL

 Vietnam discovers 12 mines containing over 10 tons of gold

A major gold discovery in central Vietnam has revealed 12 mines containing over 10 tons of gold and 16 tons of silver, according to the Mid-Central Geological Division. The discoveries were made following geological investigations across 32 areas with gold ore potential. 

Vietnamese authorities have identified around 500 gold-bearing locations nationwide. Of these, 30 sites have undergone detailed surveys, revealing an estimated total of 300 tons of gold reserves. Most of these deposits are concentrated in mountainous areas of northern Vietnam and several central provinces.

 Starting in 2025, the Department of Geology and Minerals has been launching a new project to evaluate mineral potential in central Vietnam, focusing on localities like Quang Nam, Quang Ngai, Binh Dinh and Phu Yen provinces. 

Another mineral survey project, initiated in 2017, led to the recent discovery of 40 gold mines with total estimated reserves of nearly 30 tons. LINK

TIDBITS FROM WALKINGSTICK , 16 APRIL

 Walkingstick 

 I don't think it's going to take very  long [to collect the three zero notes after a rate change], within a matter of days, weeks, these three zero notes will be collected...

Inside of Iraq, those banks are run under the CBI banking laws.  This bank that [Iraqi bank friend in Michigan] Aki is at has a purpose.  But it has no lower denomination notes. 

 Why? 

 Because they follow American banking laws.  When a Middle Easterner or anybody takes a dinar into Aki's bank, they will be converted physically or electronically into American dollars.  This bank servers a purpose.  

 Why would these banks, like Aki's, be there if there was no rate change coming? 

 It's all about the money.  Aki is a businessman.  Here's there to make money with his boss.  They're going to do very well especially that there are 100's of these centers around the world...

I would say Aki's bank is for the exchange of the three zero notes or Aki's bank would not even exist because there would be no reason for them to exist.

MILITIAMAN: They are not going to do this with 1310 IQD / 1 USD!! @DINARREVALUATION #iraqidinar#iqd

 

Rafidain Bank announces the disbursement of interest on the first issue of "Emaar Bonds.", 15 APRIL

  Rafidain Bank announces the disbursement of interest on the first issue of "Emaar Bonds."

Rafidain Bank announced on Sunday the commencement of disbursing the first-year interest on the first issuance of Emaar bonds, stressing that the disbursement process is being conducted in an organized and smooth manner to ensure speedy completion. 

The bank said in a statement, seen by Al-Eqtisad News, that "based on Rafidain Bank's commitment to its pledges towards investors and citizens who support the reconstruction and development process, we are pleased to inform you that the disbursement of the first year's interest on the first issuance of reconstruction bonds will begin on April 9, 2025."

The bank added, "We invite all eligible investors to visit the nearest branch of our bank in Baghdad and the governorates to receive their dues. "

The bank confirmed, according to the statement, that "the disbursement process will be carried out according to an organized and smooth mechanism that ensures speedy completion," adding that "the interest is fully available and has been transferred by the Central Bank of Iraq to our account," calling for "bringing supporting documents or documents related to the bond when visiting to facilitate the procedures."

The statement concluded that "this step comes within the framework of our commitment to providing the best banking services and enhancing confidence in development bonds as a safe and stable investment option  link