MAJEED: announced on TV Iraq is free from terrorism

 MAJEED

announced on TV

Iraq is free from terrorism.

Iraqi officials, PMF militia members and militia leaders left Iraq with their families for fear of Israeli strikes on Iraq.

IRAQ & DINAR STATUS EXPLAINED! @DINARREVALUATION #iraqidinar #iqd #iraq #iraqidinarnewstoday2025

 

TO SPUR INVESTMENT, PARLIAMENTARY DEMANDS TO EXPEDITE THE RELEASE OF THE 2025 BUDGET SCHEDULES

TO SPUR INVESTMENT, PARLIAMENTARY DEMANDS TO EXPEDITE THE RELEASE OF THE 2025 BUDGET SCHEDULES.

Member of Parliament Thaer Makhif confirmed that there are demands and intense debate within parliamentary circles regarding the necessity of releasing the 2025 budget schedules as soon as possible due to reasons related to investment projects and their suspension in most governorates.

Makhif told the Iraq Observer, “Although the budget was approved for three years, two years of which were distributed among the ministries, one year, the 2025 budget, has not yet been released, and the disbursement mechanism has not been determined.”

He added, “Finance Minister Taif Sami has begun to hint that there is no money, and this has angered the House of Representatives because many projects are stalled.” He pointed out that “among the stalled projects are two in Najaf Governorate affiliated with the Ministry of Water Resources, which were referred to contractors and have not yet begun work on them.”

He continued, “The representatives are keen to release the 2025 budget schedules and distribute these funds to ensure the sustainability and completion of stalled projects, especially since only a short period remains in the current government’s term.” He stressed the need to invest time optimally in the service of citizens and to keep the wheel of investment in the country turning, primarily.

It’s worth noting that the Ministry of Finance has completed the preparation of the budget tables following the Prime Minister’s approval. It is in the process of submitting them to the Council of Ministers for discussion and any necessary amendments. They will then be returned to the Ministry of Finance for referral to the House of Representatives.

The House of Representatives is expected to discuss the tables after the Eid al-Adha holiday, where a session will be held to ratify them. The Finance Committee will record its observations on the figures included in the tables, which are in line with the Iraqi government’s projected revenues for 2025, which do not exceed 150 trillion dinars, instead of the exaggerated figures of previous years, which ranged between 200 and 211 trillion dinars, of which only 156 trillion dinars were spent last year.

TIDBIT FROM FNU LNU

 Fnu Lnu  

The IMF and WB will not allow Iraq to walk away from their currency...not if they want that International trade status and WTO membership.

 If they screwed folks like the United States, their name would be mud Internationally and sanctions would ensue. 

The USA has about 14 trillion dinar to my accounting and those came from currency swaps.  All those loans they got from the USA were in reality, currency swaps. Mind you...back then, the Dinar was 4000 to one, not 1320 to 1...

FIREFLY: They are telling us to go and deposit our 3 zero notes at these ATM machines!!#iraq #iqd

 

PARLIAMENTARY LEGAL COMMITTEE: NO SERIOUS STEPS HAVE BEEN TAKEN TO PASS THE OIL AND GAS LAW YET

PARLIAMENTARY LEGAL COMMITTEE: NO SERIOUS STEPS HAVE BEEN TAKEN TO PASS THE OIL AND GAS LAW YET.

Parliamentary Legal Committee member Dara Sekanyani confirmed on Wednesday that no serious steps have been taken to pass the oil and gas law. He noted that passing the law requires consensus and understanding between the parties, something that has not yet been achieved.

“All parties are talking about the importance of approving and passing the oil and gas law, which was included in the government’s work program and was scheduled to be passed, but no serious steps have been taken to pass it yet,” Sekanyani said in a press statement. He explained that “passing the oil and gas law concerns all of Iraq and requires understanding between all parties. It requires some kind of agreement and consensus, but so far this consensus and understanding has not been achieved between the political parties in Iraq and the region.”

He added, “If the oil and gas law is passed, the oil and gas issue between the Kurdistan Regional Government and the federal government will be resolved, and some of the issues between them will be resolved, provided that all parties commit to implementing the law after its passage.”

TIDBIT FROM SANDY INGRAM

 Sandy Ingram 

 Parallel or black market forex still exists in Iraq...where the US dollar is traded slightly higher rate than the official one. 

 The US and Iraq are working to close this gap by putting anti-smuggling controls in place and digitizing transactions.

You cannot exchange foreign currency without your passport [at an international airport].  The amount determines reporting requirements. 

 The limit is $10,000 per transaction per day.  Therefore to exchange $100,000 you would need to exchange currency for approximately 10 days.  The same hold true when activating transaction over $10,000 at your local bank. 

 Many time small foreign currency exchange services will report the transaction [to the IRS] even if it's under  $10,000...