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Here's some articles of Dinarian interests... Treat as rumors. Not verified. Your opine. KTFA: There Are Some Who Still Don't Seem To Understand. ARTICLE: CalandLQ: Hi Family! IMO, I find FA #4999, (Passing of the Budget amendment) to be just what Frank & WS said, but there are some who still don’t seem to understand what’s unfolding right before our eyes. So, to the few, I hope you find the following to be helpful & IMO. The Iraqi Parliament’s approval of the first amendment to the Federal General Budget Law for the fiscal years 2023-2025 carries significant implications for the country’s citizens. A key aspect of this amendment is the resolution of longstanding disputes between the federal government in Baghdad and the Kurdistan Regional Government (KRG) regarding oil revenue sharing. Resumption of Oil Exports: The amendment facilitates the resumption of oil exports from the Kurdistan Region, which had been halted since March 2023 due to legal disputes. Under the new agreement, the KRG will supply 400,000 barrels of oil daily to the State Organization for Marketing of Oil (SOMO), ensuring a structured mechanism for revenue generation & distribution. Economic Impact: By resolving these disputes & resuming oil exports, the amendment is expected to bolster Iraq’s overall oil production & export capacity. This increase in revenue can enhance the government’s ability to fund public services, infrastructure projects & social programs, directly benefiting citizens across the country. Equitable Revenue Sharing: The agreement delineates mutual obligations between the federal & regional governments. While the Kurdistan Region commits to specific oil quotas, Baghdad is mandated to fulfill its financial commitments, ensuring that Kurdistan receives its allocated Budget Entitlements. This aims to establish stability & transparency in the oil revenue-sharing process, reducing long-standing disputes. Political Stability: The successful negotiation & passage of this amendment demonstrate a commitment to cooperation between Baghdad & Erbil. This collaboration can lead to greater political stability, which is crucial for attracting foreign investment, improving security & fostering a more predictable environment for economic development. In summary and again all IMO, the amendment’s approval is a positive development for Iraqi citizens, promising economic growth, improved public services & enhanced political cohesion. -Clare:Erbil & Baghdad Reach A "Final Agreement" On Employee Salaries. The Ministry of Finance in the Kurdistan Regional Government announced, on Monday evening, that it had reached a final agreement with the federal government to resolve the issue of salaries of the region's employees. The ministry stated in a statement received by Shafaq News Agency, "After 15 days of continuous work between the technical delegations of the Ministry of Finance in the Kurdistan Region & the Ministry of Finance in the federal government to solve technical problems, implement requests & prepare tables for the list of salaries of employees, retirees, military personnel & security forces in Kurdistan, a final agreement was reached on employee salaries for the year 2025." She added, "Meanwhile, in a meeting held today, Monday, in the Iraqi Economic Council building, a delegation from the Kurdistan Regional Government met, headed by the Minister of Finance and Economy, Awat Sheikh Janab & attended by the Chief of Staff of the Council of Ministers in the Kurdistan Region, Omed Sabah." She continued, "The Kurdistan Regional Government delegation thanked the Iraqi Prime Minister, Mohammed Shia al-Sudani, the Deputy PM, Fuad Hussein, the Head of the Kurdistan Regional Government's Representation in Baghdad, Khalida Hadi Shawshli & the Minister of Finance in the Federal Government, Taif Sami, for their efforts, assistance, coordination & support to reach an agreement on the dues of the Kurdistan Regional Government employees." The ministry indicated that "on the other hand, the Kurdistan Regional Government delegation thanked the Presidency of the Iraqi Council of Representatives & the various blocs in the Iraqi Council of Representatives for their cooperation and support for approving the Budget amendment, especially the items related to oil exports." The ministry confirmed that "the technical teams of the Ministry of Finance in the Kurdistan Region are completing the procedures for sending the salaries for the month of January 2025 & it is expected that the amounts will be deposited into the bank account of the Ministry of Finance." It is noteworthy that the negotiating delegation of the Kurdistan Region confirmed in all meetings its readiness to continue implementing the obligations that fall on the shoulders of the Kurdistan Region, in order to avoid repeating the problems of last year. -Frank26 What Did We Need For The Monetary Reform To Realize Its New ER? What do we need in order for the new ER to come out? Article quote: "Our message at the UN is very clear, the message is Iraq is now stable & secure. We wish this country all the best and prosperity & all that is good and beneficiary for this country & the people of this ancient country." You know darn well they're about to release a new ER, you want money don't you? This is amazing!

Here's an article of Dinarian interests... This Sunday. Treat as a rumor. Not verified. Your opine. Frank26 via Iraq Boots-On-The-Ground Report via FIREFLY: This Sunday. ARTICLE: Iraq parliament just said they are going pass the Budget Law amendments this coming Sunday… FRANK: IMO it really looks like all the laws are about to be passed based on what you’ve been sending me. It really looks like the Budget is about to be exposed, maybe Sunday. I don’t know. It really looks like the new ER is about to be introduced… Sunday might be very explosive. We may need a few days after Sunday, I don’t know.

Here's MZs two cents worth...The Budget Is In The Billions, Not Trillions... MarkZ Update- Some highlights by PDK-Not verbatim. THREAD: The Budget is In The Billions, Not Trillions. Member: Good evening Mark, mods and everyone. Member: Reading good things... What are you hearing Mark? Good things I hope. Member: I bet we were waiting for the Treasury Secretary to be confirmed to move forward……hopefully something will happen now. MZ: I was told there is an assistant to Mr. Bessent prepping things right now in Iraq. They have been there now for days and are preparing for the Treasury Secretary’s arrival…which will be soon. . MZ: I am hearing the US Treasury is working directly with Iraq and I find that encouraging. Member: Supposedly there is a big meeting soon at Sudani’s house. MZ: I hear they may get the budget put to bed and vote on it this Friday….Maybe it’s a celebration. Member: It's odd if Iraq government is working on Friday… isn't that their religion day? Member: Mark, heard the budget is out but not official. it's in billions not trillions. Member: Frank26 is saying that right now. Member: If budget is listed in billions not trillions…. sounds like a rate change in coming. MZ: “ Chairman of the finance committee : Charting a new course to manage the financial system in Iraq” They have become safe and stable and are working on diversifying the economy. They plan on working very closely with the new US administrations for a “New Iraq” charting a whole new course. MZ: We do have news that London gold shipments to the US has skyrocketed off the London Metals exchange. (LME) which is causing shortages. What is going to be the straw that breaks the camels back? Member: I hope it’s for gold backing to our new currency? . Member: TNT says Thursday, Friday, or Saturday. Member: Majee said today just a couple of more days. Iraq is out of money. Member: I wonder- Is everything we are seeing with Iraq, smoke and mirrors like Kuwait? Member: Any news on Prosperity packages? MZ: I wish. Nothing new in a couple of days.. The bond side, banking side and group side is also very quiet. Member: NDAs are in force MarkZ. Found out my Tribal Chief in Oklahoma is under NDA. Had a big smile on his face when he told me and my uncle. Member: I think it will be a shotgun and we all go at once. Member: Maybe it will all end on groundhog day. Everyday is groundhog day anymore. Member: We are here to learn patience… If it’s a virtue…we are all very virtuous. Member: Everyone have a safe and peaceful night.

Here's some articles of Dinarian intersts... Economists Warns Budget Amendments Will Raise The Fiscal Deficit. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: CBI Sales Exceed $5 Billion In A Month. ARTICLE: The CBI’s sales from the hard currency auction of the US Dollar during November amounted to more than 5 billion Dollars. Shafaq News Agency correspondent stated that the CBI sold during the month of November, during the days in which it opened its auction for buying & selling the USD, 5 billion, 207 million, 440 thousand & 351 Dollars, at a daily rate of 289 million, 302 thousand & 242 Dollars. Our correspondent added that foreign remittance sales during the past month amounted to 4 billion, 997 million, 90 thousand & 351 Dollars, an increase of 96% compared to cash sales, which amounted to 210 million, 350 thousand Dollars. Our correspondent indicated that these sales were distributed between transfers abroad to finance foreign trade & cash sales to banks, while the selling price of documentary credits & international settlements for electronic cards reached 1310 Dinars per Dollar, while the selling price of transfers abroad & the cash selling price reached 1305 Dinars per Dollar. -Economist: Budget Amendment Will Raise The Fiscal Deficit. Today, Tuesday, economic expert Abdul Rahman Al-Mashhadani expected an increase in the deficit in the Financial Budget by the end of this year & Iraq’s inability to pay its debts to international institutions during the coming period. Al-Mashhadani said in an interview with Al-Maalouma Agency, “Amending new paragraphs in the Financial Budget Law will lead to raising the total budget to 250 trillion & this is beyond the available capacity & the planned deficit rate is 64 trillion Dinars & will rise to 30 trillion by the end of this year,” noting that “some proposals aim to gain electoral gains, considering that next year will witness the holding of general elections.” He added that “all expectations indicate that Iraq’s debt will increase in the coming years & may reach more than 70 percent of the gross domestic product & thus will affect the payment of salaries, as well as the payment of interest on the debt & installments owed by Iraq to international institutions,” indicating that “this matter entails major economic & political issues.” It is noteworthy that the House of Representatives had previously hosted PM Mohammed Shia al-Sudani & his deputies, the Minister of Planning, the Minister of Foreign Affairs, and the Minister of Interior, where the amendments to the Budget for next year 2025 were discussed. Oil Prices Eased On Tuesday: but held on to the bulk of the gains recorded in the previous session, as geopolitical risks stemming from events in Syria & China’s commitment to boosting fiscal stimulus provided support. Brent crude futures fell 13 cents, or 0.2%, to $72.01 a barrel, while U.S. West Texas Intermediate (WTI) crude futures slipped 14 cents, or 0.2%, to $68.23 a barrel. Both benchmarks gained more than 1% on Monday.

Here's some articles of Dinarian interests... -Issue Instructions For Implementing The 2024 Budget Schedules. Treat as rumors. Not verified. Your opine. FROM OTHER SOURCES: A Parliamentary Committee Recommends That The Ministries Of Finance & Planning Issue Instructions For Implementing The 2024 Budget Schedules. ARTICLE: The Parliamentary Finance Committee recommended the Ministries of Finance & Planning to release instructions for implementing the 2024 budget schedules, while indicating that all appeals are normal & did not rise to the rejection of some paragraphs. Committee member Nazem Al-Shibli said in an interview with the Iraqi News Agency, followed by Al-Iqtisad News, that “the Budget is considered effective after its publication in Al-Waqa’i newspaper, but it needs instructions issued by the Ministries of Finance & Planning in order for it to be clearly implemented in the ministries, agencies & governorates,” explaining that “the Budget does not. There are no complaints & appeals every year, but the court is the one that decides the validity of implementation or legislation.” He added that "the court will hear all appeals," pointing out that "the Budget is subject to appeal in the event of any party objecting to a part of it," noting that "all appeals are normal & do not rise to the rejection of some paragraphs." It is noteworthy that the House of Representatives voted earlier on the amended schedules of the Federal Budget Law No. (13) for the year 2024 & its annexed schedules (A/B/C/D/E/F).06/25/2024. -A Slight Increase In Global Oil Prices. Oil prices recorded a slight increase. Brent crude futures for August delivery rose seven cents, or 0.08%, to $86.06 per barrel by 00:15 GMT, before the contract expires later this week. The most actively traded September contract rose 8 cents, or 0.09%, to $85.23. US crude futures rose 11 cents, or 0.13%, to $81.74 a barrel & both benchmarks rose about 3% last week, achieving gains for two consecutive weeks. US crude oil inventories are expected to decline by three million barrels in the week ending June 21. Gasoline stocks are also expected to decline, while distillate stocks are likely to rise. According to Reuters. -Decrease In Dollar Exchange Rates In Local Markets In Baghdad. Dollar prices fell in Baghdad markets, today, Tuesday, with the closure of the two main stock exchanges in the country. Dollar prices fell with the closure of the Al-Kifah and Al-Harithiya stock exchanges, recording 147,750 dinars against 100 dollars, while this morning it recorded 147,900 dinars against 100 dollars. Selling prices in the field of banking in the local markets in Baghdad were stable, as the selling price reached 148,750 Iraqi dinars for 100 dollars, while the purchase price reached 146,750 dinars for 100 dollars. FROM OTHER SOURCES: Professional Ethics: Theoretical & Methodological Imperatives & Economic Transformation. ARTICLE: Researcher in finance & development affairs & academic Aqeel Jabr Ali Al-Muhammadawi: It considers modern ideas about the concept, essence and structure of professional ethics, examines its main categories & problems & determines its relationship to the general theory of ethics. It is worth noting that there are common phrases on the subject of professional ethics: professional ethics, professional ethics, professionalism, moral values & professional behavior. Ethics emerged as a philosophical science in the middle of the 1st millennium BC. Because of the need to formalize ethical standards which was the result of the separation of theoretical spiritual activities from practical material activities. One of the types of material & practical human activity was professional activity. Therefore, even in ancient times, professional ethics arose as an integral part of general ethical theory. Its emergence was due to the emergence of professional ethics & values. The existence of a special professional ethics in society is a direct result of the historically established professional division & development of labor: professional specialists who know how to do what others cannot do are given certain responsibilities in relation to those who use their services & this requires the development of special rules, charters & values, Able to support the moral position of professional groups in society, inspire confidence in them & provide moral preconditions for their development. A good example of this topic is the famous Hippocratic Oath, the prototype of which was the Oath of the ancient Greek doctors Asclepiade. In addition to the norms that regulate the relationship of the profession with society, the demands directed to each other within professional groups were also formed. As an example, we can cite the laws that determined the life of workshops in the cities of Western Europe in the thirteenth & fourteenth centuries. It included a number of rules that put community members on an equal footing in terms of purchasing & processing raw materials, training & developing the capabilities of trainees & trainers, distributing orders, etc. As well as the fundamental economic content of regulation within shops &d industrial economic units, which sought to prevent the accumulation of capital & the development of free competition, it also contained a moral aspect to some extent. With the development & complexity of social relations, with the identification of an increasing number of individual specialties & professions, the need for professional ethics has grown as a special area of moral knowledge designed to regulate relations between people in any particular profession. The need for specific ethical requirements & hence, special professional ethics, is manifested primarily in social-humanitarian professions, in professions of the “person-to-person” type, the main content of which is education & satisfaction of the needs of the individual. Professional & ethical norms are also being developed in those types of activities associated with the performance of socially important and necessary functions - in the organization of the civil service, in the service sector, commercial, industrial, agricultural, etc. Professional ethics are also shaped in other professions; It also develops ethical relationships between professionals, society, managers, subordinates & other employees. These relationships are subject to professional ethics. With the development of modern administrative structure & work organization, increasing importance is given to the development of rules of administrative ethics & management ethics. The emergence and development of such standards & corresponding motives of behavior & professional assessments is one of the directions of the moral development of humanity. Despite the universal nature of ethical requirements & the existence of uniform business ethics, specific behavioral & value codes have been identified for an increasing number of types of professional activity. Especially in the reality of economic and professional transformations in Iraq & the importance of preparing, organizing & approving a guide to professional ethics & conduct procedures & its pioneering role in development & economic renaissance.

Here's some articles of Dinarian interests... -CBI confirmed new currency is being printed. -IMF praise for the efforts of the CBI controlling inflation & strengthening the banking sector. -The IMF praises the monetary policy of the CBI. -Oil Prices Are Still Higher Than Their Budget Estimates. Treat as rumors. Not verified. Your opine. FROM OTHER SOURCES: After The CBI Denied & Confirmed That It Is Not Printing Them For The Time Being... Revealing The Truth About The New Currencies. ARTICLE: Community circles were busy with what was reported on social media sites & platforms about the efforts of the CBI to issue a new currency of 100,000 Iraqi Dinars & pump it into the local market, before the CBI quickly denied those rumors & emphasized that there was no... There are intentions to print a new currency at the present time. The origin of the incident, which was circulated on social media sites & platforms, goes back to artistic paintings drawn by students of the Institute of Fine Arts in the city of Mosul, which included designs for coins marked with images of the late Iraqi-born international architect Zaha Hadid & the Abbasid Caliph Harun al-Rashid, as part of the requirements for the graduation project, but the matter went beyond the scope of control quickly expanded beyond that, after pictures of the painted paintings were published & circulated as a model for the new currency that will be printed soon. This comes as the CBI denied issuing a new currency in the denomination of (100) thousand Dinars, despite what was circulated on social media sites about a picture of a new banknote that is a “fake” picture bearing the image of the late Iraqi architect Zaha Hadid. The bank called on citizens to be careful & not deal with it if some offer it for the purpose of fraud, stressing that there are no intentions to print a new currency at the present time, stressing that it will take legal measures against violators & promoters of this counterfeit currency. FROM OTHER SOURCES: International Praise For The Efforts Of The Iraqi Central Bank: Controlling Inflation And Strengthening The Banking Sector. ARTICLE: The IMF praised the actions of the Iraqi government led by the CCI, indicating that it had taken several measures aimed at stabilizing the national currency & controlling monetary inflation. The CBI media stated, in a statement received by Al-Eqtisad News, that it “raised the interest rate on monetary policy tools from 4% to 7.5% & increased the mandatory reserve requirements for banks from 15% to 18% & these steps were decisive in reducing the inflationary pressures that are affecting the economy.” Iraq suffered from it, and this contributed to creating a more stable economic environment.” The report stressed that “important reforms in the banking sector, such as the gradual increase in bank capital & mergers between small banks, aim to strengthen the banking sector & increase its efficiency & flexibility in the face of economic shocks.” The report noted that “Iraq has implemented new compliance measures to improve the transparency of cross-border financial transactions, by launching an electronic platform that imposes the disclosure of financial beneficiaries, which enhances the integrity of financial transfers in accordance with international banking standards, in addition to the role of the CBI in expanding Correspondent banking relationships, to facilitate smoother international trade financing operations.” FROM OTHER SOURCES: The IMF Praises The Monetary Policy Of The CBI. ARTICLE: According to the report issued by the IMF mission for the current year 2024 for Article 4 consultations, the Iraqi government’s measures will be more severe, including the monetary policy led by the CBI. The report indicated that “the CBI has taken several measures aimed at stabilizing the national currency & controlling monetary inflation.” It added that “the CBI has raised the interest rate on monetary policy tools from 4% to 7.5% & increased the banks’ mandatory reserve requirements from 15% to 18%.” % & these steps were decisive in reducing the inflationary pressures that Iraq suffered from & this contributed to creating a more stable economic environment.” The report emphasized that “important reforms in the banking sector, such as the gradual increase in bank capital & mergers between small banks, aim to strengthen the banking sector & increase its efficiency & flexibility in the face of economic shocks.” The report noted that “Iraq has implemented new compliance measures to improve the transparency of cross-border financial transactions, by launching an electronic platform that imposes the disclosure of financial beneficiaries, which enhances the integrity of financial transfers in accordance with international banking standards, in addition to the role of the CBI in expanding correspondent banking relationships, to facilitate smoother international trade financing operations.” FROM OTHER SOURCES: Sudanese Advisor: Oil Prices Are Still Higher Than Their Budget Estimates & We Are Trying To Keep Spending To The Minimum. ARTICLE: A financial advisor to PM Muhammad Shiaa Al-Sudani revealed features of the financial budget schedules for the year 2024. Mazhar Muhammad Saleh told {Al-Furat News} agency, “The announcement of the variables in the financial tables for the past year 2024 was undoubtedly in conformity with the constants adopted by Law No. 13 of 2023, the Federal (Tripartite) General Budget Law, specifically in the axis of the hypothetical deficit amounting to approximately 64 trillion Dinars & did not stray far.” Estimates of the budget tables in the planned deficit paragraph, as stated in the law above.” He added, "Despite the above, there are important trends in the management of the public budget, whether on the side of public expenditures, in which the spending ceiling reached 211 trillion Dinars, or the revenues & deficit itself & they are summarized as follows: 1- Oil prices are still higher than their estimates in the tripartite budget of $70 per barrel, with a percentage change." Positively exceeding 16% above the approved price above, as we approach the middle of the fiscal year, while maintaining the export rates approved in the Budget & managing oil production efficiently & in accordance with international agreements with OPEC regarding the issue of controlling production quotas. 2- There is high discipline in Maximizing non-oil revenues, especially tax & customs revenues, specifically after adopting automation, modern methods & information technology in tax & customs assessment, estimation, and collection. 3- Striving to impose discipline on operational expenditures & keeping spending on them within acceptable minimum levels. 4- Ensuring to raise the efficiency of investment spending & operating all approved projects. This is to ensure a high growth rate in the gross domestic product, at a rate more than twice the population growth rate, by launching the movement of new projects without delay or stop. Saleh noted that “the pattern of public spending, according to the schedules announced, is characterized by accuracy, objectivity & self-savings, which contributes to reducing the resort to financing the actual deficit, even when needed, through internal borrowing & within limits that ultimately do not exceed the accepted international standard percentage for financing the deficit, which amounts to 3%.” “of the country’s total gross domestic product or slightly exceeding it.” He pointed out "not to forget that the efficiency of annual spending in the operational & investment aspects is an important issue in determining the total annual public spending as planned."

Here's an article of Dinarian interests... Finance Launches Financing The Operating Budget. Parts of 2024 Budget are now being spent. Treat as a rumor. Not verified. Your opine. From Other Sources: Finance Launches Financing The Operating Budget. ARTICLE: Al-Sabah Finance Minister Taif Sami said that the salaries of employees for the year 2024 are fully insured & that the ministry has launched the operational budget & has also conditional the release of the salaries of the region’s employees for the current month on submitting lists of their names. Sami stated, during her meeting with the Finance Committee of the House of Representatives, yesterday, Monday, that “the employees’ salaries for the year 2024 are fully insured,” stressing that “the release of the salaries of the region’s employees for the current month is subject to the submission of lists of names & we have stipulated nationalization in order to disburse them during the coming months.” She added, "The Ministry has begun launching funding for the operational budget," noting that "the 2024 budget schedules will soon be sent to the Council of Ministers for approval & sending them to Parliament." For his part, Chairman of the Finance Committee, Atwan Al-Atwani, said: “It was agreed with the Minister of Finance to keep the paragraphs of the 2023 Budget related to appointments & contracts active & implement them during 2024.” The Parliamentary Finance Committee announced, earlier yesterday, Monday, the hosting of Finance Minister Taif Sami to discuss the financing file and other important files. Meanwhile, the spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said: “Work is continuing to complete the 2024 budget schedules in coordination with the Ministries of Finance & Oil and the relevant authorities, so that they will be discussed soon by the government & then sent to the House of Representatives.” He explained, "The budget tables include the volume of revenues for the year 2024 & the volume of expenditures in their operational & investment aspects."

Here's an article of Dinarian interests... Projects Can Only Be Released After Parliament Votes On Budget Tables. Treat as a rumor. Not verified. Your opine. TNT via CandyKisses: Parliamentary Finance: Funds For 2024 Projects Can Only Be Released After Parliament Votes On Budget Tables. ARTICLE: Finance Committee confirmed that it is not possible to disburse funds for new projects within the year 2024 until after Parliament votes on the current year's budget tables. Committee member Jamal Kojar told Shafaq News Agency that "the 2023 budget continues to spend, while the 2024 budget needs tables to be voted on in the House of Representatives." LUIGI's OPINE: Everything is not done. Iraq sovereignty will not bring us the RV-RI. The Budget, the Economic Reform Laws & HCL are always getting approved only to be kicked back & voted on again & again with new amendments. Something has to happen to get GOI to vote, approve & enact these critical laws before anything will happen with this RV-RI. IMHO.

Here's some articles of Dinarian interests... Date set to approve Budget law. Kuwait-Iraq oil lawsuit moves forward. Speed Up The Approval Of The “Salary Scale” Expected Amendments To The Federal Budget. Treat as a rumors. Not verified. Your opine. From Other Sources: The Finance Committee Sets The Date For The 2024 Budget Schedules To Reach Parliament. ARTICLE: The Parliamentary Finance Committee announced on Tuesday that the government will send amendments to the 2024 Budget schedules to Parliament within a period not exceeding 10 days, stressing that it will study these amendments as soon as they reach the committee with the aim of submitting them for approval by the House of Representatives. Committee member, Moeen Al-Kazemi, said in an interview followed by a news agency, “The government is currently putting the final touches to the amendments it made to the 2024 Budget schedules through an increase in ration allocations, oil production costs & an increase in social welfare allocations & others.” He added, "The government will send the amendments to the 2024 budget schedules to Parliament within a period not exceeding 10 days," noting that "the Finance Committee will study these amendments as soon as they reach the committee, with the aim of submitting them for approval by the House of Representatives." It is noteworthy that the Finance Committee discussed with the Minister of Finance, Taif Sami, earlier & the committee heard the problems facing the ministry in preparing the 2024 Budget schedules for the year 2024 & the plan prepared to fill the deficit & the interventions of the Finance Committee members included the allocations for governorate projects & how to include them in the 2024 Budget schedules. From Other Sources: Expected Amendments To The Federal Budget...Appointments & Confirmations In Accordance With This Principle. ARTICLE: Member of Parliament Ahmed Taha Al-Rubaie revealed new details related to the amendments expected to occur in the financial Budget for the current year, while noting that they include job grades & confirmation of contractors. Al-Rubaie told "Baghdad Today", "The ministries have begun preparing the tables that they want to be included in the 2024 Budget for the purpose of continuing to include them on the agenda for passage," indicating that "the budget needs an amendment appendix through texts & tables." Al-Rubaie explained that “the deletion of job grades may be stopped in order to create appointments according to the grades of deletion & creation, in addition to continuing to confirm those who have completed two years of work as a contract, following the example of those who were previously confirmed.” On (February 1, 2024), the Parliamentary Finance Committee revealed the latest developments in the financial Budget for the year 2024, while indicating that it would rise to 206 trillion Dinars instead of 199 trillion Dinars. Committee member Mustafa Al-Karaawi told the official agency, “Article 77/Second of the Tripartite Federal Budget Law for the years 2023, 2024 & 2025 stipulates that the House of Representatives will be provided with updated tables for the 2024 budget in order to discuss the file of increase or decrease in the file of financial allocations according to expected revenues & according to the price of oil.” Installer ". From Other Sources: Won By A Kuwaiti Company. An International Lawsuit Fines The Kurdistan Region Nearly 500 Million Dollars. ARTICLE: The Nullification Committee of the International Arbitration Tribunal of the International Center for Settlement of Investment Disputes supported, by a majority, Agility’s appeal of the original arbitration decision while partially invalidating it, which confirms “Agility’s” right to file a claim again against the Iraqi government. The disqualification panel agreed with Agility's defense that the original arbitration panel had wrongly shielded the actions of the Government of Iraq from scrutiny & therefore did not consider whether the actions & omissions of the Government of Iraq violated the terms of protection afforded to Agility under the Kuwaiti Bilateral Investment Agreement & Iraq. Accordingly, and as a result of the original arbitral tribunal's failure to state the reasons on which it based its decision, it had committed a voidable error pursuant to Article 52 (1) (b), as well as Article 52 (1) (e) of the International Center for Settlement Convention. Investment disputes. The committee stated that: “By focusing only on confiscation claims that arise solely as a result of the faithful implementation of the CMC order, the arbitral tribunal has failed to address or examine the manner in which the Government of Iraq has implemented the CMC order & therefore, has grossly exceeded its authority.” "Superior." The Committee commented helpfully with the following: “The Committee considers that this finding is reinforced by the fact that the failure to exercise jurisdiction to determine consistency with the provisions of the Kuwait-Iraq Bilateral Investment Agreement in relation to the expropriation claims also had multiplier effects on the other claims brought by the Company (Agility), which ultimately led to none of them being resolved.” As a result of this decision, Agility will now have the opportunity to re-file its claims before a newly formed arbitration panel at the International Center for Settlement of Investment Disputes that will determine Agility’s claims related to Iraq’s expropriation of the company’s investments & its failure to grant Agility fair & equitable treatment. And its failure to give the company full protection & guarantee as required under the bilateral investment agreement between Kuwait & Iraq. From Other Sources: Due To The Rise In Exchange Rates...A Parliamentary Movement To Speed Up The Approval Of The “Salary Scale” ARTICLE: MP Nazem Al-Shibli stressed today, Tuesday, the necessity of accelerating the approval of the new salary scale to address fluctuations in prices due to the continuous rise in the ER of the Dollar against the local currency. Al-Shibli said in an interview followed by Al-Iqtisad News, “There is a parliamentary move to accelerate the completion & approval of the new salary scale to raise the salaries of those with lower grades, improve their living conditions & confront fluctuations in market prices.” He added, "The government must explain the steps it has taken regarding amending the salary scale for state employees, which will contribute to achieving social justice." Al-Shibli pointed out that "there is a large disparity in salaries within the same category in state ministries, despite the similarity of working hours." Most employees in state departments are still awaiting a decision from the government regarding the new salary scale, especially after many parliamentary requests to prepare the scale to achieve justice among employees in various ministries. The Presidency's Media Department denied what was broadcast by one of the channels about President Abdel Latif Gamal Rachid submitting a request to visit America, describing the widespread information as "misleading", stressing that it has nothing to do with reality.

Here's an article of interests from Dinarland... More confirmation: the RV-RI is not in the Budget Law. Treat as a rumor. Not verified. Your opine. RayRat98: TIDBIT: WHO SAYS WE NEED A BUDGET FOR AN RV. IRAQ HAS “CHANGED” IT’S RATE SEVERAL TIMES IN THE PAST 2 YEARS WITHOUT A BUDGET.

Here's an article from Dinarland... I don't know, Frankie! There is no evidence the HCL & RV are in the 2023 Budget. Can you show us any proof? Just asking. Treat as a rumor. Not verified. Your opine. KTFA: Frank26 via WalkingStick. ARTICLE: FRANK TOLD WALKINGSTICK THEY JUST TOLD THEM TODAY IN IRAQ: THE HCL IS IN THE BUDGET. WS RESPONDED & SAID NOT AT A PROGRAM RATE. IT WILL NOT WORK WITH THE ACCOUNTING. THE KNOWLEDGE OF THE HCL IN THE BUDGET IS NOT A CLUE OR A HINT ABOUT A NEW EXCHANGE RATE. IT IS A FACT OF THE MONETARY REFORM EDUCATION TO THE CITIZENS.

Here's two articles from Dinarland... Possibly No April Budget ??? Treat as rumors. Not verified. Your opine. Pimpy: The 2023 Budget ARTICLE: It doesn't even look like the Budget will be approved by the end of April. Nader From The Middle East: The Back Screens. ARTICLE: I was reading something about back screens, again. They've been seeing back screens in the US, the rate of $6, $7 or $11. Maybe they're dreaming. I don't know.

Here's an article from Dinarland... Why Iraq needs the RV-RI before the 2023 Budget Approval. The ER is not in the Budget...the ER will facilitate the Budget. Treat as a rumor. Not verified. Your opine. From Other Sources: Oil Revenues Alone, Will Not Cover The 2023 Budget Expenditures. ARTICLE: Al Saadi: "Oil Revenues will not cover the size of the Budget, especially the investments". The Specialist On Economic Affairs, Mohammed Saadi, explained that the oil revenues alone, will not be sufficient enough to cover the 2023 Budget expenditures, especially the investment ones, as the government ventured with these sums.

Here's an article from Dinarland... Enough. No more delays. This is what they said the last time & the time before. Treat as a rumor. Not verified. Your opine. BLC: The President Of The Republic Confirms The Imminent Approval Of The Financial Budget. ARTICLE: President of the Republic, Abdul Latif Jamal Rashid, confirmed today, Thursday, that the current stage in the country is witnessing we have security & stability, while indicating that the 2023 Financial Budget will soon be approved. The Presidency of the Republic said in a statement, a copy of which a news agency received, that “President of the Republic Abdul Latif Jamal Rashid received, today, at the Baghdad Palace, the delegation of the American Institute of Peace.”

Here's an article from around Dinarland... Finance Committee sets the price of the 2023 Budget. Treat as a rumor. Not verified. Your opine. From other sources: ARTICLE: Parliament talks about the amount of the Budget & the price of a barrel of oil in it. Today, Tuesday, a member of the Parliamentary Finance Commission, Jamel Cougar, expected that the amount of the General Budget would be between $120 - 130 Billion USD, adding that the price of a barrel of oil would be at $75.

Article from around Dinarland... It's official...no Budget without a functioning government. Iraqis will continue to starve. The 2021 & 2022 Budgets are still sealed. Treat as a rumor. Not verified. Your opine. From Undisclosed Sources: ARTICLE: Parliamentary Finance: No Budget Preparation Without Forming A Government With Full Powers. Today, Thursday, the Parliamentary Finance Committee confirmed that the budget cannot be implemented or prepared unless a new government with full powers is formed. A member of the Finance Committee, Jamal Cougar, said in a press statement, “The budget cannot be worked out or prepared unless a new government with full powers is formed. Therefore, whenever the new government is formed, there will be a budget.” Cougar added, “The follow-up of the Finance Committee to the exchange mechanisms within the Food Security Law is very weak, because the House of Representatives was almost disabled during the previous period.” He continued, “If there are no organized & arranged sessions, there will be no serious & real follow-up.” Al-Kazemi & his Kuwaiti counterpart discuss ways to develop bilateral relations and stress on increasing investment.

Luigi found these articles of Dinarian interests... Iraq completes the last remaining obstacle. Treat as rumors. Not verified. Your opine. MntGoat: Article: “ALLIANCE FOR THE PEOPLE ANNOUNCES THE SUBMISSION OF A REQUEST TO HOLD A SESSION FOR THE ELECTION OF THE PRESIDENT OF THE REPUBLIC” Quote: “…includes collecting signatures to hold a session on Saturday, May 7th the next step is to come up with a political solution to complete the parliamentary committees and pass the budget law….” Wow!!!! I did not know they wanted to also pass the budget law on May 7th as well and vote on the new president. This is a BIG day for Iraq. MarkZ: [via PDK] There was one very big piece of news…from Iraq . Iraq is now certified under ISO. So for all you folks talking about the ISO 20022 stuff…there you go. I know there has been a lot of chatter…about this …about how this could be a necessary piece…Well Iraq is now ready and everyone can quit worrying about Iraq on this one.

Luigi found these articles of Dinarian interests... Good news: Parliament's feet being held to the fire. Parliament must act on the 2022 Budget. Treat as rumors. Not verified. Your opine. TNT: Tishwash: Anouz: We are currently working on issuing a parliamentary resolution obligating the government to submit the budget. Head of the Legal Committee in the House of Representatives, Representative Mohamed Anouz, announced on Thursday that work is currently being done to issue a parliamentary resolution obligating the government to submit the budget, while noting that the constitution did not prevent the caretaker government from sending bills to Parliament. IRAQ NEWS: Parliamentary Legal: The Political Blockage Hinders The Approval Of The Budget. Baghdad – Mawazine News, Chairman of the Legal Committee of the House of Representatives, Representative Muhammad Anouz, announced today, Thursday, that work is currently working on issuing a parliamentary resolution obligating the government to submit the budget, indicating that the political blockage led to the delay in approving the budget & the disruption of bills.

Luigi found tis article of Dinarian interests... The Kurds agree...the Shiites agree... So what's the holdup? Treat as a rumor. Not varafied. Your opine. SHAFAQ News: The meeting of the Shiite bloc ends with an agreement to pass the Budget. Informed source revealed the Shiite bloc agreed on Tuesday to pass the draft Federal Budget Law during the Parliament session, tomorrow, Wednesday, 31st.

Luigi found this article of Dinarian interests... Treat as a rumor. Not varafied. Your opine. Baghdad Mawazine News: The House of Representatives announced, on Friday, that next Sunday will be set as the date for voting on the General Budget Law for 2021. In a statement received by Mawazine News , the Council of Representatives stated that, "The Presidency of Parliament decided to hold a voting session on the draft budget law. On Sunday, March 28, 2021, three o'clock in the afternoon. She added, "This comes because of the continuing discussions on the draft budget law, and the need to finalize the articles of the draft budget law." Ended 29 / A 43

Luigi found these rumors of Dinarian interests... Treat as rumors. Not varafied. Your opine... BondLady's Corner: Pratha News Agency94 2021-02-14 The Parliamentary Finance Committee suggested passing the budget next Tuesday, after resolving the dispute over the region’s share within the next 48 hours and fixing it in the budget. Fleming Update: As of 3:23 pm EST on Sat. 13 Feb. and as soon as the Senate acquitted President Trump, orders went out for Tier 4B notification to be done within the next 24 to 48 hours or so. RayRat: US BANKS ARE "ON LOCATION" TODAY... WAITING FOR THE "GO" SIGNAL! (NOT SURE ABOUT TEXAS, YET) THINGS ARE LOOKING VERY GOOD, "MORE" PROGRESS IS IN THE MAKING! Trying to confirm some "reported" activity for the "first wavers". I FEEL GOOD-er THAN GOOD!!!¨

Luigi says... 2018 Budget revealed in $Billions not $Trillions. Could this be adjusted at the new RV/RI rate? You decide. Treat as a rumor. Not varified. Your opine. 4/8/2018 KTFA: Samson: Council of Baghdad : allocations of the capital of the budget of 2018 amounted to 85 billion dinars . And on the disruption of the official day of tomorrow, which falls on the day of the fall of the tyrant, Farhan, that "there is no intention to disrupt the official time in the capital indicating that the federal government promised to launch allocations in the coming days to begin the reconstruction of the regions. LINK Iobey777: (isn't this what we were looking for?) IMO..this looks promising! Onoislandlife: Wow! Billions, you say?!!! Moparman: Holy smokes, this could be Huuuuuuuge!!!!!

15 Mar 2018 Yada: In listening to the conversations, am I the only one to notice the news flash Tony received during the call to indicate the Kurdistan president is no longer going to contend with the budget and ratify it,,,this would mean we’d not have to necessarily have to wait the who 7 days and see this before. Looking for him to sign this now verses later,, SwampyJack: If that is correct, and I beleive it is… then we might see sumptin early… I wasnt going to say anything cause I thought it would cause a fire storm… glad you broke that news.. ************

Luigi found these gems courtesy of Bruce. Treat as a rumor. Not Verified. Your Opine. 1-4-2017 Intel Guru Bruce We thought it would happen by Christmas and New Year, and we still are here. Things are moving, but not happen for us yet. I been on the ride for 12 years, and I am used to somewhat of it not going the way we thought. Nobody can accurately predict the date we will be notified. Could there be a delay that could take us deeper into the month? Could be possible, but I don’t believe it is the intention. The information I been getting today pointing to something happening this week. Let’s hope that is the case. When we put out information look at it, weigh it, and see what you want to embrace. What I heard today is enlightening. 1-4-2017 Intel Guru Bruce When it comes to Iraq...The budget for 2017 has been passed, been in the Gazette, been published, it is law...The rate is in the Gazette and they don’t want us to have it yet. It should be something positive for us to see Mosul come back. A lot of things from a very positive point of view going on in Iraq. I think the final part of the UN operational rate showing, the UN releasing Iraq of chapter 7 sanctions, currency known internationally. But the way they did pay back Kuwait, of around 5 billion dollars in newly revalued dinar. They had to have a rate settled in Iraq to do that. That did occur to our understanding. We are in a great position right now.

Luigi says... Rumored...Budget Completed. We have just one confirmation. Not varified. Your opine. Ray Rens 15 Dec 2015 FreedomBoomer: Urgent House of Representatives vote on the ending paragraphs of the b​udget and approved by the full!! LINK Ivantulafitov: translated > the House of Representatives approved the country's general budget for 2016 after the vote on all its clauses. The reporter said the agency all of Iraq [where] that "the House of Representatives voted on all the paragraphs of the budget, including the Kurdistan region's share amounting to 17% ended .. CODreamer: congrats to the Iraqis on getting their budget done! woo hoo! Ivantulafitov: frank26 is saying on or before 1st jan they have to (RI or RV) because LDs will be out Iko ward: Tick tock, tick tock, tick tock, tick tock, tick tock, tick tock, 15 Dec 2015 Bruce: Intel now. Where are we now? We are in the midst of it. Seeing the roll out. Where are we? We are in the midst of it. Midst of a perfect storm. WE are in the middle of it. We are seeing the roll out of this GCR, rollout of the exchanges taking place for some specialty groups. Will see our turn shortly. Exchanges taking place for specialty groups. Banks received TRNs some weeks ago. Some months ago. Banks sent it back. The TRNs were sent back to the banks. the banks had received their trns, some weeks ago, maybe over month ago. but because this not occur yet, some banks sent them back. because so close, they needed to be sent back to the banks. that has happend last couple of days. Midafternoon today. Banks have received their funding including exchange locations. This currency was needed for our exchange. Banks are now ready. Within an hour of that, specialty groups for humaitarian projects started. These groups are small. this afternoon, within an hour the vip groups tied in with projects. small groups, 29 of these started to be funded this afternoon. i don’t know how long it take, small groups, mega funds for each one. funded for humanitarian projects. you know some of the names. who is next. we believe we are next. hope to have celeb ration call tonight. but we believe our turn next. believe get notification maybe late tonight. hate to call it, but we believe hours or couple of days. I am encouraged what we are hearing. Who is next? We believe we are next. Not quite there yet but we believe our turn is next. May get notifications tonight or tomorrow. Any time now. Hours to a couple of days away. Can't say everything he hears. But very encouraged. They do want us to have this for Christmas. A couple of days ago everything set up for 1st basket. UN rates were locked and loaded. Our currencies are locked and loaded. We are in great shape. Our turn shortly.