HowieC

Advisor to the Prime Minister: The relationship with America has moved to the stage of cooperation Economical 04/18/2024 ... +A -A Baghdad: Hussein Thaghab The Prime Minister's Advisor, Dr. Hussein Allawi: The Prime Minister’s visit to the United States of America has a major impact on developing bilateral relations between the two countries and moving them to a new stage characterized by cooperation and achieving mutual economic benefits. He added that Iraq is going through a major transformation in the economic field, and therefore Prime Minister Muhammad Shia al-Sudani and the Iraqi government team are working to highlight the economic and investment opportunities in Iraq and ways to attract business accelerators and create a positive climate for investment and economic work in Iraq. He added that moving the country from conflict to cooperation is a national mission led by the Prime Minister, the government apparatus, and the Iraqi private sector, and this requires great work. Therefore, there is a focus on the presidential summit meeting and the work of the Supreme Coordination Committee, in addition to the multiple economic agenda in the visit and discussing files related to joint work on the one hand. And common interest on the other hand. He pointed out that Iraq has great opportunities in the field of energy, technology, communications, health, and infrastructure, as well as activating institutional integration into international economic institutions and acquiring international standards, and this is what makes it a strategic goal for the Iraqi delegation headed by the Prime Minister, who clearly indicated Iraq’s view of Iraqi economic projects of relevance. Regional and international influence, whether on the stability of energy security or the path to development. He highlighted the importance of meeting with international institutions and American companies that work in Iraq or that have a desire to work in Iraq as a result of the abundant opportunities that coincide with the efforts of the Iraqi government in the path of economic and financial reform. Economic expert Amer Al-Jawahiri described the Prime Minister’s visit to the United States of America as important, especially at this time for Iraq, the stage that the government program has reached, and the broad transition that the government aims to take, with the diversity of the axes it is working on during the coming period, including activating productive sectors and moving away from non-productive loans. And the issue of economic reform. Al-Jawhari stated that the importance comes from the government’s aspiration for real economic reform at a time when it is looking forward to signing important agreements with the American private sector, the other side of which will be the Iraqi private sector. We hope that these agreements will have an effective positive impact on the reality of the economic and productive sectors. He pointed to the importance of attracting specialized American companies to invest in important projects that will move the economic reality in all regions of Iraq, especially since there are companies that have business in Iraq and know the performance environment within the Iraqi market, and we hope that American companies will enter to invest in gas projects, including the Nebras project, which is important for Iraq. . He pointed out the importance of recalling the United States initiative several years ago to support and empower the Iraqi private sector in cooperation with American companies, as it allocated $3,000,000,000 to this important aspect. He pointed out the importance of being responsible for implementing the agreed upon steps, as we aspire to achieve success in managing our various economic files and activating the productive sectors in the country. Al-Jawahiri stressed that communicating with major economies is an important step that contributes to overcoming all the challenges that confuse economic performance within the country and benefiting from global experiences and their management. How did they achieve various successes in all sectors and how did they employ human and natural resources in the right direction that creates sustainable development? Member of the Baghdad Economic Forum, Jassem Al-Aradi, said that the visit comes at an important time that requires extensive dialogue at all levels, especially economic, and this is what concerns us, as Iraq is experiencing a stage of real economic transformation stemming from the government’s will to activate productive and service activities and work to achieve sustainable development. He stated that Iraq is a wealthy country and must employ its human and natural resources in the right direction to achieve sustainable economic development, and this requires economic cooperation with the most important global economic blocs, including specialized American companies. He explained that the visit, in all circumstances, will work towards achieving economic benefit for the country by opening new horizons for cooperation between the two countries, pointing out the need for there to be clear and sustainable cooperation mechanisms between the two countries in a way that benefits the partners. He stressed the need for the investment file to be strongly present in the dialogue due to its importance and the breadth of the Iraqi market. ALSABAAH.IQ مستشار رئيس الوزراء: العلاقة مع أميركا انتقلت إلى مرحلة التعاون » جريدة الصباح

As ole Phoenix used to say..." We're in a Fluid Situation" 😶 😅

Saleh: The budget tables are almost complete and will take into account urgent circumstances and variables Time: 04/17/2024 07:43:30 Saleh: The budget tables are almost complete and will take into account urgent circumstances and variables {Economic: Al-Furat News} The Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Saleh, confirmed that the financial budget schedules for 2024 were “almost” complete. In a press statement, Saleh considered “the presentation of the financial schedules for the fiscal year 2024 by the executive authority for parliamentary approval” as a “flexible legislative path, as an integral part of the financial constants and principles of the Federal General Budget Law No. 13 of 2023 (Tripartite).” He stated, “ These tables include revenues, public expenditures, and the estimated hypothetical deficit, and they are within the law that was originally legislated by the House of Representatives and published in the Official Gazette last year. The proposed financial tables that are being prepared by the executive authority today, and which have become almost complete, are based on financial legislation. implemented and approved under the aforementioned Tripartite Budget Law.” He added, “The financial schedules prepared for the year 2024 will take into account the urgent economic and social conditions and changes required by the need for economic development in the year 2024, especially new investment projects, and financial commitments and pledges during the current year, in order to Implementing it as an annual financial plan within the framework of the principles of the tripartite general budget itself, in letter and spirit.” ALFORATNEWS.IQ صالح: جداول الموازنة شبه مكتملة وستأخذ بالاعتبار الظروف والمتغيرات الملحة اقتصادية الفرات نيوز أكد مستشار رئيس الوزراء للشؤون المالية مظهر محمد صالح، شبه اكتمال جداول الموازنة المالية لعام 2024

US Supports Iraq in joining WTO 17th April 2024 in Iraq Industry & Trade News By John Lee. At a meeting on Monday between Iraq's Minister of Planning, Mohammed Tameem, and US Secretary of State Antony J. Blinken, Iraq renewed its commitment to joining the World Trade Organization (WTO) and to protect intellectual property rights. The United States has pledged support for a series of projects under the International Visitor Leadership Program aimed at developing expertise in these areas among Iraqis. Both parties have recognized the importance of strategic projects and infrastructure development in Iraq, which will support regional integration and enhance international trade. (Source: PMO)

Parliament Finance holds a meeting headed by Al-Atwani in preparation for the arrival of the 2024 budget Economy | 01:57 - 04/16/2024 Mawazine News - Baghdad Today, Tuesday, the Parliamentary Finance Committee held a meeting headed by Atwan Al-Atwani in preparation for the arrival of the 2024 budget schedules. Al-Atwani’s media office said in a statement received by Mawazine News, “Today, the Parliamentary Finance Co l-Atwani confirmed that “this meeting came in preparation for the arrival of the 2024 budget schedules,” pointing out that “we discussed a number of files, including the delayed release of funding, and we reviewed the 2023 spending schedules.” MAWAZIN.NET مالية البرلمان تعقد اجتماعاً برئاسة العطواني تحضيراً لوصول موازنة 2024 مالية البرلمان تعقد اجتماعاً برئاسة العطواني تحضيراً لوصول موازنة 2024

Allawi: The Prime Minister’s dialogues with the US Treasury will address the government’s steps in financial reform Economy Baghdad - INA Advisor to the Prime Minister, Hussein Allawi, confirmed that Prime Minister Muhammad Shiaa Al-Sudani will discuss, during his current visit to Washington, financial reforms and investment opportunities, including the path to development as a global strategic project. Allawi told Iraqi News, followed by the Iraqi News Agency (INA): “The Prime Minister put on the special agenda of his visit to Washington the meeting with American companies to explain the position of the Iraqi government, the path of economic and financial reform, and improving indicators of the investment and economic environment that the Prime Minister worked on for more than a year.” And a half." He added, "The visit will also address the government's efforts to improve the economic environment and present areas of investment in the field of clean energy, as well as the promising project of the Iraqi state in the field of petrochemicals through the Iraqi Development Fund, which will present many projects and targets partners and investors to participate in them." He continued, "The Prime Minister is establishing a new path, which is the path of peace and building development, as well as presenting the path of development and presenting its paths and the economic model to the American government as well as American companies and the discussion about this major strategic project, which is not only linked to Iraq or the region, but rather to the world." He pointed out that "the Prime Minister also worked on a strategic file related to financial reform and allocated an economic, financial and banking team that worked with him day and night during the past months and succeeded in developing a road map for government banks. He also succeeded in governing the management of foreign exchange and its movement inside Iraq in cooperation with the Central Bank of Iraq and in cooperation." With the Ministry of Finance and government and private banks, this will therefore be discussed in dialogues with the US Treasury Department to clarify the position and steps of the Iraqi government in the field of financial reform on the one hand and the upcoming reform steps, which are large packages launched from time to time.” INA.IQ علاوي: حوارات رئيس الوزراء مع الخزانة الأمريكية ستتناول خطوات الحكومة في الإصلاح المالي INA

"America is not kind" 😂🤣Bwa hahahaha

Sorry........Guess I didn't look for this post in RUMORS 🙄 😂

The Iraqi market suspends its activity for 6 days Economy Iraq Stock Exchange 2024-04-08 03:39 Shafaq News/ The Iraq Stock Exchange announced, on Monday, the suspension of its activity for a period of six days. The market stated, in a statement received by Shafaq News Agency: “Based on the Council of Ministers’ decision to declare a six-year official holiday for Eid al-Fitr, the market’s activities and trading sessions will stop for six days.” He explained, "The holiday will be starting Tuesday, April 9, and trading sessions will resume on Sunday, April 14." It is noteworthy that the Iraq Stock Exchange organizes five trading sessions weekly from Sunday to Thursday, and 103 Iraqi joint stock companies are listed, representing the sectors of banking, communications, industry, agriculture, insurance, financial investment, tourism, hotels and services. SHAFAQ.COM shafaq.com

This is all I can find so far.... So probably not worth the paper it's written on Frank26 Sudani said to his citizens, Quote: ''Before the end of Ramadan, before the start of EID it is my desire to make a major announcement.' Ramadan comes to an end on the 8th of April. On the 9th EID starts." Well as they say ......Even a blind squirrel finds a nut sooner or later! Regardless..... I know I saw this statement in an article just prior to Frank saying it.....

He never said those words "rate announcement", as far as I remember. But He did say something. I'll try and find what I'm referring to.....

Maybe I'm dreaming.....But it almost just seems right for both of them to come out together with a new rate , and take all the credit. Didn't Sudani say He had a big announcement before the end of Ramadan? Or something like that?

An “extraordinary” meeting of the State Administration Alliance in the presence of Nechirvan Barzani and Al-Sudani on Saturday 2024-04-05 15:35 Shafaq News/ An informed political source reported on Friday that an “extraordinary” meeting of the State Administration Alliance will be held tomorrow, Saturday. The source told Shafaq News Agency: “The President of the Kurdistan Region, Nechirvan Barzani, will participate tomorrow in an extraordinary meeting of the State Administration Alliance in the presence of Al-Sudani and the rest of the leaders.” The source added: The meeting will witness a discussion of political agreements and outstanding files between Baghdad and Kurdistan. Shafaq News Agency learned from informed sources yesterday, Thursday, that the President of the Kurdistan Region, Nechirvan Barzani, will visit the capital, Baghdad, to discuss several files. In this regard; The official spokesman for the Presidency of the Kurdistan Region, Dilshad Shihab, told our agency, “The visit is scheduled for next Saturday, where Barzani will meet with Iraqi Prime Minister Muhammad Shiaa al-Sudani.” He added, "During this visit, Barzani will discuss several files with Iraqi officials, such as the budget, salaries, oil, and the resumption of its export, in addition to relations between Erbil, Baghdad, and others." SHAFAQ.COM اجتماع "استثنائي" لتحالف ادارة الدولة بحضور نيجيرفان بارزاني والسوداني يوم السبت - شفق نيوز شفق نيوز/ افاد مصدر سياسي مطلع يوم الجمعة بانعقاد اجتماع "استثنائي" لتحالف ادارة الدولة يوم غد السبت.وأبلغ المصدر وكالة شفق نيوز؛ أن "رئيس اقليم كوردستان نيجيرفان با....

But but but..........This is impossible ! Nothing happens during Ramadan ! 🤔

Al-Sudani stresses to MPs the importance of passing laws that improve the investment environment Economy News - Baghdad Prime Minister Muhammad Shiaa Al-Sudani stressed the importance of proceeding with the adoption of laws aimed at improving the investment environment and developing the economy. The Prime Minister’s media office stated in a statement received by “Al-Iqtisad News” that “Al-Sudani received a group of members of the House of Representatives,” noting that the Prime Minister “stressed the importance of integration and coordination between the executive and legislative authorities, in order to support the government’s work and its program that includes many priorities of concern.” Citizens and state institutions, by focusing on service and reform aspects in various fields.” The Prime Minister pointed out "the importance of proceeding with the adoption of laws aimed at improving the investment environment, developing the economy, and meeting the terms of the reform adopted by the government, in order to strengthen and diversify the state's resources." 04/02/2024

And NO DATE? Maybe it's too "Near" to give a date??

Iraq Stock Exchange: The launch of a new stock trading index is near Economy News - Baghdad The Iraq Stock Exchange announced today, Tuesday, the imminent launch of a new stock trading index. A statement from the authority received by Al-Iqtisad News stated, “The Securities Authority and the Iraqi Stock Exchange, after studying, analyzing and measuring the market index for traded stock prices, are preparing to launch a new index that operates under the title ISX15.” The statement added, “The work and analysis team at the Securities Commission and the Iraqi Stock Exchange focused on measuring the new index and testing it on the experimental environment, and then starting the test on the real environment according to the most important principles, the most important of which is selecting a sample of companies for the best 15 companies in terms of continuing daily trading, as well as choosing the company’s weight.” Based on the market value of the free float shares, provided that the effect does not exceed 20% at best for a single company as a maximum, and adopting the same prevailing base session for the ISX60 index after adjusting its weight based on the free float shares, as well as other additional variables that will be presented in the index guide. The statement indicated that “the launch of a new index, ISX15, aims to adopt free stocks in dealing and trading for the purposes of measurement and influence, and the interest of the financial markets in launching a total index and a partial index to measure the impact on the movement of continuously traded stock prices, and to attract new investors and national and foreign investment portfolios,” indicating that “The Authority and the market continue to issue indicators and updates, in addition to positive follow-up and disclosure.” 04/02/2024

THE CENTRAL BANK OF IRAQ CLARIFIES THE MECHANISM FOR DEPOSITING OIL REVENUES ABROAD Economy Baghdad News The Central Bank of Iraq revealed the mechanism for depositing oil revenues abroad, in response to a parliamentary question on the subject. The document stated that the legal basis for depositing oil revenues in the IRAQ2 account with the Federal Reserve Bank of New York was the expiration of the extension of the US President’s Executive Order 13303 put in place in 2003, which granted immunity to Iraqi funds deposited in the DFI account. The Deputy Governor of the Central Bank, Ammar Hamad, explained that the “IRAQ2” account is used to deposit Iraqi crude oil export funds, and they are transferred to the Central Bank of Iraq account with the Federal Reserve Bank within 24 hours of receipt. This mechanism ensures that funds are not subject to creditors’ claims, he said, as they belong to the Iraqi government from the export of crude oil. He added that a memorandum of understanding signed between the Iraqi Ministry of Finance and the Central Bank of Iraq in 2014 regulates the work of the “IRAQ2” account, and that this memorandum is the legal basis for the establishment of the aforementioned account. He noted that the immunity granted under the memorandum of understanding covered sovereign funds only, not funds used for commercial purposes. He explained that Iraq’s foreign reserves are deposited with several external parties, including central banks and financial institutions, and are not limited to the Federal Reserve. He pointed out that the interest rates on these deposits vary according to the investment segment, the duration of the investment and the institution with which the investment is made. Finally, he explained that the company transporting dollars from the Federal Reserve Bank to Baghdad International Airport is Orient, and that the insurance amount for one shipment is 414,000 US dollars, and that the transportation fees are 216,310 US dollars.

Adviser to the Prime Minister: Budget schedules will be decided in the middle of this month Time: 04/02/2024 02:07:17 Adviser to the Prime Minister: Budget schedules will be decided in the middle of this month {Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, expected that the approval of the budget schedules would be decided in the middle of this month of April. Saleh said, in a press statement, that “the issue of budget schedules is expected to be decided, most likely, in mid-April.” He added, "The tripartite federal general budget included in Law No. 13 of 2024, a medium-term financial plan, was not devoid of the principle of its annuality in the issue of preparing annual schedules and submitting them to the House of Representatives for approval, specifically for the two years (2024, 2025)." He stressed, "The law approving the tripartite budget constitutes an expression of mutual trust between the legislative and executive authorities to manage public financial affairs in our country in a way that ensures the continued implementation of investment projects and the communication of adopting new projects in an integrated, planned manner." Saleh continued, “Annual government spending constitutes approximately 50% of the value of the gross domestic product directly, and exceeds 80% indirectly by influencing the business cycle and general market activities and building its positive expectations and stability.” He stated that "the three-year budget was the first experiment that was approved in the country's financial history and was adopted based on an explicit legal text stated in the amended Federal Financial Management Law No. 6 of 2019. Therefore, it has become necessary to document this financial experiment, which is rich in its economic implications, and to evaluate its results and the requirements for its implementation in the future." When proceeding with its adoption again, including a proposal to study making an appropriate amendment to some provisions of that Financial Management Law in light of what emerged from the experience of implementing the Tripartite Federal General Budget Law.” A few days ago, the Council of Ministers received the budget schedules from the Ministry of Finance, and began working on them to sign them and send them later to the House of Representatives. ALFORATNEWS.IQ مستشار لرئيس الوزراء: حسم جداول الموازنة منتصف الشهر الجاري اقتصادية الفرات نيوز توقع المستشار المالي لرئيس الوزراء مظهر محمد صالح حسم إقرار جداول الموازنة منتصف شهر نيسان الجاري

I'm hoping to have at least a small window to exchange and get it right out of the bank ASAP. That small window may still be a huge gamble.

Do you believe they're not going to try to implement bail in laws?

HERE HERE .......I've been in a large Dinar FB group for quite a few years. They have always OK'd posts before they let them go live. Kinda bothered me , but I can see where they're coming from. But NOW a couple Mods are posting their own posts political, religious, and/or off topic ) and closing commenting. OR letting it go a little and closing when the comments don't fit their narrative. Too much of this spoon feeding and cramming BS going on for me these days. I for one want to here what everyone has to say, and take it from there....

Customs delivers approximately 10,000 containers within a week according to the ASYCUDA system Saturday 23, March 2024 00:04 | EconomicalNumber of readings: 659 Baghdad / NINA / The General Authority of Customs announced the completion of nearly 10,000 containers within a week according to the Customs Automation and Modernization System (ASYCUDA), which it began implementing in the Grand Welcome Yard in Umm Qasr Port in Basra Governorate. The authority stated in a statement that, during the week of March 15-21, it completed transactions for (9,545) containers and they were cleared by importers at the Grand Welcome Square in accordance with the ASYCUDA system, which it began implementing on March 3, 2024. In its statement, the Authority called on importers and customs clearance agents to join the training courses it holds to train them to work on the ASYCUDA system, which will provide them with more facilities and speed up the process of clearing their goods within record time, as well as saving more time, effort and money away from paperwork and its negative procedures. It confirmed that it is continuing to implement this system in all its customs centers and that all goods and commodities imported into Iraq will pass through ASYCUDA soon. This will be significantly reflected in the imports it receives and will provide double revenues that will supply the state’s public treasury./End 7 NINANEWS.COM الكمارك تنجز قرابة 10 الاف حاوية خلال اسبوع وفق نظام الأسيكودا اقتصادية

The Minister of Finance stresses the importance of the partnership with the European Bank to support the diversification of the sources of the national economy Saturday 23, March 2024 00:49 | EconomicalNumber of readings: 736 Baghdad / NINA / Minister of Finance, Taif Sami Muhammad, stressed the importance of the partnership with the European Bank to support the Iraqi government’s plan to diversify the sources of the national economy. The Ministry of Finance stated in a statement: “Minister Taif Sami Mohammed met with the President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, at the bank’s headquarters in the United Kingdom.” During the meeting, the Minister pointed out the importance of the strategic partnership between Iraq and the Bank, and discussed ways to strengthen bilateral relations to ensure the possibility of strengthening the private sector in Iraq and digitizing the banking system. She stressed the importance of the partnership with the European Bank to support the Iraqi government’s plan to diversify the sources of the national economy, stating: “One of the Iraqi government’s priorities is investing in the areas of energy and digital transformation in the financial infrastructure.” For her part, the President of the European Bank affirmed the bank’s desire to work in Iraq and contribute to supporting the private sector and renewable energy./ End 7 NINANEWS.COM وزيرة المالية تؤكد اهمية الشراكة مع البنك الاوروبي لدعم تنويع مصادر الاقتصاد الوطني اقتصادية

But but but......That's IMPOSSIBLE....Nothing happens during Ramadan