Tuesday, February 4, 2025
The Kurdistan Regional Government receives nearly one trillion dinars from Baghdad’s salaries last month, 4 FEB
Shafaq News / The Kurdistan Regional Government announced on Tuesday that the federal government transferred more than 950 billion dinars to the account of the Ministry of Finance and Economy in the region to finance last month’s salaries.
The spokesman for the regional government, Pishwa Horamani, said in a statement today, that the Federal Ministry of Finance deposited a financial amount of 958,012,332,759 dinars in the account of the Ministry of Finance in the regional government.
Horamani stressed that the Kurdistan Regional Government will start paying the salaries of last January as soon as possible, according to the mechanisms approved by the Ministry of Finance.
The Ministry of Finance in the Kurdistan Regional Government announced on Monday evening the reaching of a final agreement with the federal government to resolve the salary file of the region’s employees after a series of technical meetings between the two sides that lasted for several days.
The Salaries Of Kurdistan Employees Tops The List Of Differences Between Baghdad And The Region, Especially After The Decision Of The Iraqi Federal Court Last Year To Oblige The Federal Prime Minister And The President Of The Kurdistan Regional Government To Localize The Salaries Of Employees And Public Sector Workers With Federal Banks.
Baghdad confirmed its commitment to the decision, but required the submission of lists of employees, while the Ministry of Finance considered the region that “ambiguity wraps in how to deal with the list.”
The Kurdistan Region Is Witnessing A Financial Crisis And A Scarcity Of Liquidity Since It Losing Its Most Important Financial Resources Due To The Suspension Of The Export Of Oil To Turkey Through The Ceyhan Port Pipeline After Ankara’s Decision To Stop The Flow Of Crude Following An International Arbitration Decision Obliging It To Pay Compensation To Baghdad For The Damages Inflicted On It.
In turn, the federal government faces the challenge of securing employee salaries due to the high budget deficit to more than 64 trillion Iraqi dinars, while the size of domestic debt reaches about 14.5 percent of GDP, according to official data.
TIDBIT FROM FNU LNU, 4 JAN
Fnu Lnu
The Dinar is now getting International attention. I was just on a conference call with a very small group of arbitrage experts based in Singapore...
Imagine my surprise when the call mentioned Dinar and the second part of the call was about the Dinar...
The good news?
The moderator said the RV was completed, which many of us have believed but couldn't prove...The final steps of the RV are contingent upon the completion of the "Financial Integrity and Cross-Border Payments" training program.
The "Institute for Financial Integrity" (IFI) based in Washington DC, has announced an initiative aimed at enhancing Iraq's banking systems...in collaboration with the CBI and K2 Integrity, will provide training to the NBI (National Bank of Iraq).
This will be a huge boost for the banking sector, provide essential training, and drive value. This training is vital to insure to the investing world, that Iraq is up to International standards.
Though the RV is completed, this last important step is what is causing, what we perceive, as a delay. It is no delay at all. It is about how to distribute the funding.
This also signals that we are now so close you can just smell the greenbacks as they are distributed, cross borders, to eagerly awaiting American Dinar investors.
This call was so information dense that I will have to listen to it several more times to digest all of the content. The function of revaluing the currency is completed. The rate is decided. All the numbers are calculated. What is left to do is to be trained on the physical task of properly distributing it. Crossing the T's and dotting the I's...We are so close now it is crazy. This training can be done in a matter of days. This is why the UST and others are in Iraq right now. This is all brand new ground and you are on the inside of this knowledge.
ZOOM IRAQ NEWS: An agreement has been reached on the financial rights of the Region’s public employees!, 4 FEB
ZOOM NEWS
The Kurdistan Region's Ministry of Finance announces that, after 15 days of joint work with the federal Finance Ministry’s technical teams,
an agreement has been reached on the financial rights of the Region’s public employees.
The Ministry reaffirms its commitment to fulfilling obligations to prevent a recurrence of last year’s issues - statement
: KRG Ministry of Finance
ARIEL: The Green Light, Flip the Switch, 4 FEB
Ariel
A Digital Asset Conference: The Green Light (Flip The Switch)
I am hearing that there is a big press meeting tomorrow by Chairman John Boozman House Financial Services Committee Chairman French Hill and House Agriculture Committee Chairman G.T. Thompson who will hosting.
Tuesday, February 4 at 2:30PM ET, to discuss how the T******************n and Congress will work together to secure America as a leader in the digital asset ecosystem. I think this will be the official kick off point. Because we now know Iraq is ready.
• Budget (Passed)
• Kurdistan Oil Agreement (Settled)
• Salaries Payments (Covered For The Year)
Which means the exchange rate has been inked. And once this digital conference takes place we should know where we stand in this investment. Because Paper/Digital are 1-1 parity. Everything will be tokenized.
Meaning USD will have a digital version RLUSD. Which will be equal in value. This is why it’s important to watch the development of the digital assets like XRP. Because Iraq will use this for international transactions.
You do not have to own digital currency in order to exchange your paper Iraqi Dinar. Once XRP becomes a part of the Strategic Reserve the value will go up in my opinion.
Now you all can see why I titled my earlier article with ‘Flip The Switch’. I told you all that everything will be tokenized. I also showed you all last year that the Iraqi Dinar was paired to XRP. Now you know why we had to wait this long.
Everything will be on Blockchain. Which is what DOGE will use to record all payments in the US Treasury. So I do not know why D*******s are crying about USAID being shutdown. It’s not like they would be able to use it anymore without the American people knowing what they are doing.
Tune in for some potential announcements tomorrow. We should be hearing major news on Digital Asset ecosystem. Donald Trump has a lot planned for the World Fair I presume and it will need some funding. So much innovation coming our way.
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