Saturday, April 19, 2025

Al-Karawi: Failure to send budget tables is a constitutional violation. 19 APRIL

  Al-Karawi: Failure to send budget tables is a constitutional violation.

Member of the Parliamentary Finance Committee, MP Mustafa Al-Karawi, confirmed on Friday that the government's delay in sending the budget tables constitutes a clear violation of the provisions of Article (77/Second) of the Budget Law, calling on the House of Representatives to take its role in holding the government accountable for this legal violation.

Al-Karawi told Al-Maalouma, “The government was legally obligated to submit budget schedules before the end of the previous fiscal year, but four months have passed without it complying with this, which constitutes a clear violation of the law and a failure to fulfill its constitutional duties.”

He added, “The delay in the 2024 and 2025 budget schedules is a serious indicator of administrative and oversight shortcomings within the relevant projects government institutions, which negatively impacts and implementation plans.”

Al-Karawi pointed out that “90% of the budget depends on oil revenues, at a time when the global market is experiencing sharp fluctuations, which makes basing a three-year budget on an unstable resource an ill-considered move.”

He pointed out that "the 2024 budget arrived late, was sealed by prior political agreement, and was not subject to a genuine review within Parliament. Despite containing fundamental problems, the results of which have begun to become apparent through the suspension of projects and the delay in referral and implementation."

Al-Karawi stressed that “Parliament is required to exercise its oversight role and hold the government accountable for this negligence, which could cause significant harm to the national economy and development plans.”  link


IRAQ AND BLACK MARKET STATUS, 19 APRIL

 IRAQ AND BLACK MARKET STATUS

Iraq was given until June to kill the black market.

Dollar smuggling. Sanction evasion. Parallel FX rates.

It all ends by summer—or Iraq gets cut out of the new system.


And guess what?


They’re not waiting till June.

They’re moving now:


•The budget law was amended this week—quietly unlocking backlogged payments.


•The KRG oil meeting is set for April 19—and it’s only happening because payment terms are being honored.


•OPEC cuts just hit—meaning Iraq can’t afford any more time lost to internal disputes.

•And the U.S. is watching every transaction—forcing Iraq into full compliance, fast.


So here’s the real play:


They can’t reveal a new IQD rate until the black market dies.


But they also can’t wait until June.

The cleanup window is already closing.

The rate needs to be live and locked before they hit the final review.


We’re in the pre-reveal window right now.


Everything happening in April and May is a setup.

The only question left is when the signal drops.

AJ: Iraq must introduce a replacement for its paper currency before revaluing the dinar!! #iqd

 


Al-Nusairi confirms that the Central Bank's approach to banking reform and development contributes to accelerating Iraq's accession to the World Trade Organization. , 19 APRIL

 Al-Nusairi confirms that the Central Bank's approach to banking reform and development contributes to accelerating Iraq's accession to the World Trade Organization. 

4/19/2025  - Baghdad 

During his participation in the specialized workshop held by the Ministry of Trade to discuss Iraq's accession to the World Trade Organization, Samir Al-Nusairi, Economic and Banking Advisor, emphasized the role of the banking sector in contributing to accelerating Iraq's accession to the organization and the important role of the financial and banking sector in it. 

He pointed to the measures achieved in 2023 and 2024 by the Central Bank in cooperation with the government, mainly regarding the regulation of foreign trade financing, the electronic platform, and direct work between banks and international correspondent banks, based on the approved reform and development methodology, official data, and monetary policy indicators for 2024 and the plan for 2025 and 2026, in cooperation with international consulting companies specialized in this field, and compliance with financial globalization and international standards adopted by WTO member states.

Al-Nusairi explained the main points of the banking reform project launched by the Central Bank this month in the presence and participation of the Prime Minister.

He pointed out the customs war launched by the US administration and its effects in the medium and long term on the principles of unifying customs duties. 

Customs duties of the member states of the organization, and what are the means of confrontation that will be adopted by the World Trade Organization and the CAT organization concerned with regulating customs duties at the international level.

 The workshop was attended by members of the National Governmental Committee for Joining the Organization, in which Iraq currently holds observer status along with 21 other countries, out of 166 countries with full membership. Representatives of relevant ministries, the private sector, and unions were also present.   LINK


TEXAS SNAKE: " The bond releases is directly related to our RV" , 19 APRIL

April 18

Texas Snake

Banker is indicating that he may have some evidence regarding

the long awaited bond releases this weekend, he will advise on Sunday, but the bond releases is directly related to our RV of currency so I will relay what I hear ASAP upon my notification.

Will open for a very short for any comments regarding if anyone as supporting intel.

9:01 PM

TEXAS SNAKE: " The bond releases is directly related to our RV" @DINARREVALUATION #iraqidinar

 


The Security and Defense Exhibition kicks off in Baghdad with the participation of 150 Arab and foreign companies , 19 APRIL

  The Security and Defense Exhibition kicks off in Baghdad with the participation of 150 Arab and foreign companies 

4/19/2025

The 13th edition of the Security, Defense, Military Industries, and Cybersecurity Exhibition kicked off on Saturday at the Baghdad International Fairgrounds, with broad international participation, led by the United States, China, and Iran.

The spokesman for the Commander-in-Chief of the Armed Forces, Major General Sabah al-Numan, told Shafaq News Agency that this year's exhibition will host 150 companies representing 20 Arab and foreign countries, in addition to 65 Iraqi companies. 

He explained that the government is clearly moving towards encouraging local military production, while attracting international expertise to support the country's military manufacturing process .

Al-Naaman pointed out that the Military Industrialization Authority has witnessed a "qualitative leap" over the past few years, as it now equips most security agencies with weapons and ammunition of various calibers, in addition to other military equipment. 

He considered the exhibition to be "an opportunity to exchange expertise and learn about the latest technologies from foreign companies" in the fields of weapons, ammunition, and surveillance and control systems.

The military spokesman noted that the Iraqi security apparatus "has begun to capitalize on developments in cybersecurity technologies," emphasizing that attention is no longer limited to conventional armament, but rather includes the technological dimension, which is taking "an ever-increasing place" in the national defense structure.  LINK


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