zul

Voted in by the same Parliamentarians who changed and voted for the new FML ~ “THE CHANGE WILL RAISE THE EXCHANGE RATE OF THE IRAQI DINAR AGAINST FOREIGN CURRENCIES while maintaining the stability of inflation in the country”

I know....✌️ / But the fun part of that story was ~ no winks or cheeky smiles.

Some serious stuff here......

This is where i'm camping...

👌 ok Navira. Got that. So end of June? Beginning of 2nd half of the year (July 1st).

Is this visit/invitation here falls w/in that timeframe? And arrangements for the visit of Iraqi Prime Minister Adel Abdul Mahdi to the White House on July 15

Brotling is correct, the value of Iqd is so manipulated and IMF would never allow that in the open market.

Pre-denied 🚫 😛

Ok Reez......got that. It's on the 3rd meeting. Thx my friend...

They must have added on the above 'quote'. I clicked on the link (gov.IQ) ~ read the news but could not find the said text.😑

These 'false' news are often created by the politicians themselves, so much so that when the actual news of their crimes were reported, ppl wld think that they are just false/fake news. Jmo.

Since they are also talking about monetary management ( which includes money supply), I really hope, these changes (and I quote again) "will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country"

💞 💖

Now add this and you'll have a perfect storm...... DinarThug 57,242 Posted 5 hours ago LINK The discovery of the largest oil field in Iraq with huge oil reserves 2nd June, 2019 Exploration companies have found an oil field in Muthanna province with huge reserves and is the largest in Iraq," sources familiar with oil ministry officials said. The sources added that "the field is estimated at more than (8) billion barrels and called Aridu (1)."

💃 And i agree with you agreeing with Adam... We are on that 'any time, any day' window NOW.

That's what exactly I'm thinking. They have to adopt the new FML now (or anytime soon) before they actually prepare their 2020 budget. After all, the FML is their new financial constitution.... AND....... to hilite what they said about the new FML...(again) 😊 He added that "the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state," pointing out that "the change will raise the exchange rate of the Iraqi dinar against foreign currencies"

CPA Order No. 95: Financial Management Law and Public Debt Law ~ which they were using as a framework for their budget preparation and fiscal policy is now repealed and will be superseded by the NEW Financial Management Law. What that means is......they have no choice but to adopt the new FML for their 2020 budget preparation....which they are in the midst of doing it right now ****************** MOF: A meeting to prepare for the Budget of 2020-2022 Sunday 19th May 2019 - 15:49 INA - BAGHDAD Deputy PM of Economic Affairs and the Minister of Finance Fouad Hussein headed a meeting on Sunday regarding the preparations for the strategy of 2021 – 2022 budget. The meeting included the attendance of MPs of the Finance Committee, members of Advisory Committee in addition to Under-Secretaries of Ministries of Finance and Planning. They have discussed the strategy of the budget along with making a fixed price for the Oil barrels and exporting ranges taking in consideration activating the local market and the reactivating the domestic capitals. They also made dialogues regarding the Central Bank of Iraq and the price of money exchange 😱 in addition to offering a study regarding the General Committee of Taxes http://www.ina.iq/eng/4683/mof-a-meeting-to-prepare-for-the-budget-of-2020-2022 We shall see........

In 2012, they would have implemented the deletion of zeros but there were some objections (at the time) as it need legislation by the HOR. The legislation that they were talking about (back then) is the FML ~ their new roadmap to financial and monetary policy. So that legislation part is now done.☺️

May 28, 2019

5-29-2019 Intel/Newshound Guru another site In Iraq, they're articles written every day to mislead you...A week ago, I received information that the Iraq Central Bank (CBI) was distributing old banknotes. This is a false story. The CBI is not distributing any Iraqi dinar currency that is old or what you would consider lower denominations Question for AC ~ why misled us..? And what are they trying to hide from us (and the world)?👀

U said it all...... 👌

This must be important enough for CBI to make this announcement/circular, specifically on this topic.

😂

From Iraq Parliament website: COR finishes reading three laws and forms Investigative Committee January 12, 2019 In its 25th plenary session held on Saturday January 12, 2019, the Iraqi Council of Representatives finished the first reading of three laws and voted to form an investigative committee on the fire that broke at a women’s shelter in in Adhamiya. The session was chaired by the First Deputy Speaker al-Kaabi and attended by 186 MPs. At the beginning of the session, the council voted to form an investigative committee on the fire that broke at a women’s shelter in in Adhamiya with the participation of MPs of the Committees of Women, family& childhood, Human Rights, Labor & social affairs, and Security and Defense to follow up the issue with the concerned authorities. The investigative committee was comprised of the following ladies and gentlemen: Mohammad Reza, Jassem Hussein, Haifa Kazem, Wastifah Mohamed, Intasar Ali Khader, Sarwa Wanas, Insijam Abdul Zahra, Basma Mohammed Basim, Arshad Al Salhi, Hussein Said and Assaad Abdul Sada, in addition to Ms. Faten Abdel Wahed, representative of the Commission on Human Rights. On a different note, the Council ended the first reading of the Legislative Proposal for the First Amendment to the Scientific Academy submitted by the Legal Committee, which aims putting the staff of the scientific Academy with their peers of Iraqi universities, being equal in rights and duties. The Council completed its first reading of the Financial Management Bill submitted by the Finance Committee. In the same context, the Council completed the first reading of the Legislative Proposal for Informatics Crimes Law submitted by the Committees of Security and Defense, Higher Education, Legal Affairs, Culture & Media and Tourism & Antiquities, Women, Family, & Childhood, Human Rights, and Services and Reconstruction. The Council postponed the first reading of the Legislative Proposal for the First Amendment to the law of Iraq Money Recovery Fund No. (9) for 2012 , submitted by the committees of Integrity and Finance to the next session. The session was then adjourned to next Monday 14/1/2019 Media Directorate Iraqi Council of Representatives 12/1/2019  0 0