AJ
US pressure on Iraq to resolve the issue of salary funds for Kurdistan.
Rebaz Hamlan, former Iraqi Deputy Finance Minister and assistant to the KRG Prime Minister, said both the KRG and federal government await the Federal Supreme Court’s upcoming session to issue a provisional order on Baghdad’s suspension of salary funds for Kurdistan Region civil servants.
He expressed hope the ruling will pave the way for releasing the funds, noting US pressure on Iraq to resolve the issue
Parliament awaits the arrival of the budget schedules.
After a period of waiting, the general budget schedules for the year (2025) return to the forefront of the government and the House of Representatives’ concerns, amid anticipation of its final path, with the announcement of the representatives’ readiness to hold an extraordinary session in order to end this file urgently.
Member of the Finance Committee, MP Jamal Koujar, expects the tables of the 2025 General Budget Law to reach the House of Representatives soon, noting that their arrival is linked to the government completing the process of officially preparing them. In a statement to Al-Sabah, Koujar confirmed the House's readiness to hold an extraordinary session immediately after the tables are officially received, with the aim of discussing and approving them quickly.
T he MP explained that the Finance Committee does not expect the session to witness a lengthy or in-depth discussion regarding the new budget schedules, given that they will not witness any fundamental changes compared to last year's budget, which was approved over three years without any significant amendments. He pointed out that this reflects a clear trend in Parliament towards facilitating the procedures for approving the schedules with the aim of ensuring the rapid activation of financial spending and the continued implementation of projects and services during the remaining period of the year.
Koger also pointed out that even if there are some minor amendments to the draft budget, the prevailing trend is to pass the law as it was received by the government, in order to preserve the stability of the financial and economic process, and avoid any delay that might negatively affect government performance and needs. Citizens. link
Fnu Lnu
A lot of people are wondering about this digital Dinar issue...I have friends in Singapore who are arbitrage professionals, and affiliated with K2, who is consulting with Iraq.
Here is the explanation they gave me.
The Digital Dinar is going to be used exclusively for...nation to nation transactions...and imports in general. Peer to peer payments will be using both "Stable Coins" and folding currency.
The paper Dinar is not being excluded in any way and will be for consumer needs...There is no way the paper currency can be eliminated. 80% of Iraqi citizens are unbanked according to the most recent CBI report and must use hard currency. Stablecoins will allow them to buy and sell without the bank.
The Security Council holds a session on the situation in Iraq, and Al-Hassan provides a briefing.
The United Nations Security Council is holding a session on the situation in Iraq today, Tuesday.
The session will be held at 5:00 p.m. today, Baghdad local time, according to a statement issued by the United Nations Assistance Mission in Iraq (UNAMI).
The statement indicated that the Special Representative of the Secretary-General of the United Nations in Iraq, Mohammed Al-Hassan, is expected to provide a briefing at the session on developments in Iraq and regarding UNAMI.
The United Nations Assistance Mission in Iraq (UNAMI) is scheduled to officially end at the end of 2025. The mission was established pursuant to Security Council Resolution 1500 in August 2003 to support the Coalition Provisional Authority (CPA) led by Paul Bremer and the Iraqi Governing Council following the overthrow of the former regime led by the late President Saddam Hussein by US forces and their allies. link
JON DOWLING
Jon Dowling: 60% of Fortune 500 companies are working on blockchain projects, Coinbase reports.
President Trump is using the sovereign wealth fund in part to funnel $1,000 government funding for new parents per child. A new 401k sort of investment plan for their respective futures.
The riots countrywide are just mere distractions for the new QFS financial system. We needed a lot of distractions for the American public, in order for everything to come to fruition.
On the FOREX, the Dinar is being paired with a lot of things, such as the Dollar, Bitcoin, Bitcoin cash, the British Pound, XRP, Litecoin and many other commodities. A very good sign indeed. Hold the line folks!
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