Militia Man
2023 Article quote:
"...Because the project to delete the zeros still exists [Alaq] says when this is done correctly we can expect Iraq to become a strong dinar that is considered a store of value and perhaps even stronger than the dinar that was before 1980."
That's the expectation of this - before 1980. That's coming from the Central Bank of Iraq.
The Sudanese Ministry of Finance directs the Ministry of Finance to prepare the budget tables for approval, amounting to 140 trillion dinars.
The Finance Committee of the Iraqi Parliament revealed on Monday that Prime Minister Mohammed Shia al-Sudani directed the Ministry of Finance to prepare budget tables in preparation for its approval.
Committee member Moeen Al-Kadhimi told Shafaq News Agency, "Last week, Al-Sudani directed the Ministry of Finance to prepare the 2025 budget schedules in preparation for its approval by the Council and sending it to Parliament."
Al-Kadhimi added, "The Ministry of Finance prepared the investment side of the budget months ago, amounting to 25 trillion dinars. The Ministry of Finance is currently expected to complete the operational side of the budget, estimated at approximately 115 trillion dinars. "
He explained that "the budget tables amount to 140 trillion dinars, which will be sufficient to run the state during the remaining months of the year, including salaries for employees and retirees, social welfare, other aspects, oil extraction costs, and ongoing investment projects."
The Finance Committee member continued: "It has become imperative for the Ministry of Finance to prepare the budget tables, approve them in the Council of Ministers, and submit them to the House of Representatives next June." link
ABU SNWE
Who remembers my words from a few months ago? This is the policy of mobilizing the street to bring down the failed and illegitimate regime.
Angry night demonstrations and road closures in the Manathira district, south of Najaf, to demand services. People in Iraq are losing their shit because they do not have electricity x.com/onenewsiq/stat…
US Secretary Of State Praises Masrour Barzani And Supports A Strong And Stable Kurdistan
The US State Department commended Kurdistan Regional Prime Minister Masrour Barzani for settling contracts with US companies, affirming Washington's strong support for the Kurdistan Region as a cornerstone of the relationship with Iraq.
This came during a meeting between Secretary of State Marco Rubio and Barzani on Friday (May 23) in Washington, D.C., where they discussed opportunities to enhance trade and investment between the United States and the Kurdistan Region, according to a statement by State Department Spokesperson Tammy Bruce issued this morning (May 24).
Rubio praised Barzani's steps to expand natural gas production through settling contracts with US companies, considering this step to enable Iraq to move closer to energy independence.
The two sides also stressed the importance of protecting the rights of religious and ethnic minorities in Iraq and Syria.
This meeting follows the signing of two major contracts in Washington, worth $110 billion, between the Ministry of Natural Resources in the region and the companies Western Zagros and HKN Energy, which were attended by Prime Minister Barzani on May 19.
For its part, the Iraqi Oil Ministry announced its rejection of these contracts, to which Barzani commented, "We hope these positions will be reviewed in a way that serves the interests of all Iraqis. The more flexibility Baghdad shows, the clearer our good intentions and shared endeavors will become." https://www.radionawa.com/all-detail.aspx?jimare=41901
Sandy Ingram
The State Bank of Vietnam continues to manage the currency tightly allowing only gradual movements...
The VND is expected to see a modest depreciation potentially reaching 26,940 per dollar by year end.
This is driven by continues US dollar strength, US tariffs on Vietnamese exports and Vietnam's strategy to maintain export competitiveness through a slightly weaker dong.
In other words it is a financial strategy for Vietnam to keep its currency low. Let's hope Iraq does not develop the same habit.
Read also: Bank appointment for Currency EXCHANGE Instructions/Checklist
