"IMPORTANT IRAQ NEWS: PARLIAMENTARY INSISTENCE ON LEGISLATING INVESTMENT, OIL AND GAS LAWS" BY MNT GOAT, 5 MARCH

PARLIAMENTARY INSISTENCE ON LEGISLATING INVESTMENT, OIL AND GAS LAWS

Information / Baghdad… Member of the Economy and Investment Committee, MP Muhammad Al-Ziyadi, confirmed on Wednesday that the committee has begun discussing amendments to the National Investment Law for approval during the current semester, indicating that there is parliamentary insistence to approve the oil and gas law.

Al-Ziyadi told Al-Maalouma, “The Economy and Investment Committee has begun making amendments to the National Investment Law, suggesting that the amendments will be completed next week before submitting it to the Presidency of the Council for approval.”

He added that “the Federal Court’s decision regarding the region’s oil prompted the political forces to move to approve the law.” “Oil and gas.”

It is noteworthy that the Federal Supreme Court, in its session held last Wednesday, obligated the Kurdistan Regional Government to hand over all oil and non-oil revenues to Baghdad .

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

"RV UPDATE" BY MNT GOAT, 5 MARCH

 

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Iraqi Dinar update for 03/05/24 - Iraq doing exactly what I spoke about ...BY PIMPY

CLARE: Revealing the reasons for the delay in the arrival of amendments to the budget schedules to Parliament, 5 MARCH

 CLARE

Revealing the reasons for the delay in the arrival of amendments to the budget schedules to Parliament

 3/5/2024

Baghdad..

Deputy Chairman of the Parliamentary Planning Committee, Muhammad Al-Baldawi, revealed, on Tuesday, the real reasons behind the government’s delay in sending amendments to the current year’s budget schedules to the House of Representatives for the purpose of approval.
Al-Baldawi told Al-Maalouma, “The delay in sending amendments to the 2024  budget schedules to Parliament is due to several reasons, including the ministries not completing their plans regarding the lagging projects, as the government is working to close this file, as well as the difference in prices and currency values.”
He added, “Among those reasons relates to the schedules and amounts allocated to the Kurdistan region of Iraq, especially after the recent decisions issued by the Federal Court, which obligated the government to do so.”
He pointed out that “most of these reasons and obstacles have been overcome by the government and will be sent to Parliament very soon.”

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"ABOUT THE BANK FDIC INSURANCE " BY PAM VIA TEXAS SNAKE TELEGRAM CHAT ROOM, 5 MARCH

PAM

Banks have said in the past they insure for the $250,000 FDIC, but if you have more, you can't have 2 or more accounts at the same bank, it only covers one, therefore you have to split it between several.  Is this true.

TEXAS SNAKE

Not that this is of material value immediately but the banker is indicating those above him are indicting he is within a short window to beginning his scheduling of currency exchange appointments.  Will keep you advised as info proceeds.

As had been stated I will be participating in a planning call tomorrow evening, I mentioned this to the banker, his comment was "don't get to excited but you may get filled in on some news should I hear anything from above tomorrow."

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-texas-snake-4-march.html

They are on call to be at their station within 45 minutes and all have had extensive training

Folks while nobody in our level knows when but the assurances I am being given indicates we are closer than ever.

"RV UPDATE" BY TEXAS SNAKE VIA TELEGRAM CHAT, 24 FEB

  TEXAS SNAKE

Like all of us we await some word and at this point my banker like us is awaiting some updates as we await but he does indicate we should be close based upon what has been  shared thus far.

"RV UPDATE" BY TEXAS SNAKE, 22 FEB

 “Word is trickling in that ATMs are being loaded with the new rainbow currency and then being placed out of service until all machines are loaded. …According to some sources, Bond Holder payments begin to be processing  Wed. 21 Feb.  …

I was on a call that was most positive and is affirming we stand at the threshold of scheduling/ exchanging currencies. They do not have rates or exactly when the announcement will be made but it could be as early as the next couple of days.”

WTO mor new Iraq 🇮🇶 BY NADER FROM MID EAST

The Sudanese Advisor Details Iraq's Financial Situation And Addresses Exchange Rates, 5 MARCH

 The Sudanese Advisor Details Iraq's Financial Situation And Addresses Exchange Rates

Economy News – Baghdad  Today, Tuesday, the Prime Minister’s Advisor for Financial and Economic Affairs, Mazhar Muhammad Salih, stated the real growth rate in Iraq’s non-oil gross domestic product, while referring to Iraq’s financial situation.

Saleh said, in an interview followed by “Al-Iqtisad News,” that “the basis comes from the strength of the foreign asset reserves that Iraq possesses, which exceed 100 billion dollars, and they are the cover of the national currency, which means that there is complete coverage of the national currency issued in foreign currency, which provides "Ideal stability for the Iraqi dinar exchange rate, in addition to the fact that these foreign reserves embody Iraq's commercial efficiency, as these reserves cover more than 15 commercial months, while the global standard is only three months."

He added, "We must not forget that the surplus in the current account of the balance of payments relative to the gross domestic product also did not fall below (positive 8%), which is a high indicator that reflects the strength of the external sector in the national economy, that is, its stability and growth." 

He pointed out that "the real growth rate in Iraq's non-oil gross domestic product has touched (6%), and it expresses the growing activities of important sectors, most notably the reconstruction, construction and housing movement, and the development of the transport and digital communications sector, and there is a continuing movement in developing the agricultural sector thanks to government support for crops." We expect Iraq’s grain production in the next few months to reach 6 million tons.”

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