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Iraqi government issues a number of new decisions - Urgent


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Iraqi government issues a number of new decisions - Urgent

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Baghdad today -

The Council of Ministers holds its forty-seventh regular session under the chairmanship of the Prime Minister, Mr. Mohammed Shia Al-Sudani

•••••••••• 

 

Part I

 

Prime Minister Mohamed Shia Al-Sudani chaired, on Tuesday, the forty-seventh regular session of the Council of Ministers, during which they discussed the developments of the general situation throughout the country, discussed the progress of the implementation of the government program, in all its main axes and objectives, as well as deliberated on the topics on the agenda, and took the necessary decisions on them.

 

At the beginning of the session, the Prime Minister offered his condolences on the painful traffic accident, which claimed the lives of a number of members of the educational staff of the teachers of Al-Ibrahimi School in Safwan district in Basra Governorate, which witnessed the death of (ten) educational staff and (three) children.

 

He directed His Excellency to send a delegation to provide all possible assistance, assistance and support to the families of the bereaved victims, and to follow up on their needs.

 

In the field of trade regulation and the import of some materials and commodities, which some traders are forced to finance from the informal market for foreign currency, and the negative repercussions of this financing on the exchange rate, the Council of Ministers has taken a number of decisions and measures aimed at facilitating the access of importers of goods (gold, cars, mobile phones, cigarettes) to the services of the external banking financial transfer platform, in order to make it easier for importers of these commodities to obtain financing in foreign currency at the official exchange rate and avoid resorting to buying currency Foreign from the informal market.

This will reflect positively on the reduction of the price of foreign currency in the informal market, as trade in the aforementioned materials constitutes a large part of the demands for foreign currency in the informal market, as these decisions included reducing customs duties on containers, another reduction in cigarette import fees and the adoption of certificates of origin issued by the chambers of commerce of exporting countries, and these decisions also included simplifying the procedures for importing gold through air ports and with 24-hour service.

 

The Council of Ministers continued to consider the topics of the session, as the Council of Ministers decided to form a committee headed by the Minister of Planning, and the membership of the Ministers of Interior, Construction, Housing, Higher Education, Scientific Research and Justice, the Ministers of Interior and Finance of the Kurdistan Regional Government of Iraq, the Secretary-General of the Council of Ministers, the Head of the Legal Department in the Council of Ministers, the Director General of Customs, the Chairman of the Border Ports Authority and the Director General of Taxes, to undertake the following tasks:

- Review the procedures for unifying customs policy at all border, land and sea crossings and airports, and propose the necessary decisions to implement what is stated in the ministerial curriculum in this regard.

- Develop a comprehensive and unified vision for the implementation of customs policies, product protection laws and decisions in this regard.

- Review the mechanisms for implementing the Border Ports Authority Law No. (30 of 2016), and its amendments, and propose the necessary treatments to enable the Authority and the concerned authorities to perform their tasks, and that the committee completes its work within a month, and it may seek the assistance of whomever it wants from the specialists.

 

Within the framework of continuous support for the agricultural sector in accordance with the government programme, the Council of Ministers approved the recommendation of the Ministerial Council for Economy (230308) as follows:

1. Authorizing the Mesopotamian State Seed Company and the Iraqi Seed Production Company to contract with licensed private sector laboratories (maize dumping and drying plants) as an exception to the contracting methods in the instructions for the implementation of government contracts (2 of 2014).

2. The use of the airports of the Ministry of Defense as spaces for the receipt of yellow corn under the management and supervision of the Ministry of Agriculture.

3. Allocating (150) billion dinars in addition to the remaining amounts of the amounts previously allocated for the purchase of yellow corn for the season (2023-2024).

4. Approving the price of (380) thousand dinars for the purchase of one ton of yellow corn corn.

5. Approving the price of (435) thousand dinars for the sale of one ton of yellow corn grains.

Provided that the Ministry of Agriculture initially delivers the share of the Ministry of Finance by (70%) for the sale of yellow corn for the season (2022-2023), and abides by the text of Article (44) of the Federal Budget Law of the Republic of Iraq, for the fiscal years (2023-2024-2025), for the coming seasons.

 

In the same file, it was decided to amend Cabinet Resolution 248 of 2022, as follows:

- Approval of the establishment of grain marketing centers (silo), in the governorates of Wasit and Kirkuk, to increase the storage capacity of the revenues of the General Company for Grain Trade.

 

In the oil sector, the recommendation of the Ministerial Council of Economy (230270 BC) was approved, which includes the approval of what is proven in the letter of the Ministry of Oil regarding the correction of the Cabinet Resolution (23068 of 2023), and paragraph (5) of the Cabinet Resolution (23188 of 2023), regarding the pricing of petroleum products.

 

In the oil file, the Council of Ministers approved the following:

1- The entry into force of the two decisions of the Council of Ministers (100 and 189 of 2022) for their implementation by the Ministry of Oil, according to its letter on October 16, 2023.

2-  Amending the Council of Ministers Resolution (23 of 2022), according to which the Petroleum Products Distribution Company bears the amount of taxes that will be incurred by the contract in question, and then later, after determining its amount and applying the description of (government debt) to it, the matter will be submitted to the Council of Ministers, in accordance with its powers to waive, delete or postpone stipulated in the Federal Financial Management Law (6 of 2019) as amended.

As part of the government's efforts to develop the gas sector and invest it optimally, the Cabinet approved the recommendation of the Ministerial Council of Energy (23097 T of 2023) regarding the tender for the modernization of the gas desalination plant, the establishment of a nitrogen unit and the compression and drying facilities for the West Qurna/2 field, as follows:

 

- Approval of the tender for the modernization of the gas desalination plant, the establishment of the nitrogen unit and the gas pressing and drying facilities, for the West Qurna/2 field in the custody of the Italian company (SICIM SpA), with a total amount of (619) million dollars, of Italian origin, with an implementation period of (990 days).

 

The Cabinet also approved the recommendation of the Ministerial Council of Energy (23093 of 2023) regarding the Ibn Omar field gas investment project, as follows:

1. Recommending to the Council of Ministers to exempt the gas investment project (Bin Omar field) from the Cabinet Resolution (245 of 2019) amended by Cabinet Resolution (23374) of 2023, regarding the announcement of investment projects exclusively, through the National Investment Authority.

2. Guarantee of payment of funds through the Ministry of Finance (payment guarantee), to be determined by the Ministry of Oil from November 21, 2023, in light of the allocations allocated in the budget annually.

3. The financial payment of invoices for all dues by crude oil, only through the Oil Marketing Company (SOMO), shall be an exception to the instructions to facilitate the implementation of the budget.

 

In continuation of the government's efforts to develop the electricity sector and address its crises, the Council of Ministers approved the recommendation of the Ministerial Council of Energy (23091 T for the year 2023) regarding the Iraqi-Saudi electrical interconnection project, as follows:

1. Referring the implementation of the consultancy work for the Iraqi-Saudi electrical interconnection project to Terta Tech for obtaining the highest technical and financial evaluation score, at a total cost of (1,088,652) dollars, only one million eighty-eight thousand six hundred and fifty-two dollars, in six months.

2. Authorizing the Ministry of Electricity to sign the tripartite contract within the operational budget allocations, as an exception to the instructions for the implementation of government contracts (2 of 2014).

 

Based on the directives of the Prime Minister to support the sports sector in various sports events, the Council of Ministers approved the allocation of 923 million dinars from the total budget allocated for the Asian Cup for Bow and Arrow / First Stage, which will be held in the capital Baghdad for the period from 20-25 February 2024, in order to be at a decent level and conform to the conditions of the International Bow and Arrow Federation, according to the letter of the Ministry of Youth and Sports dated November 19, 2023.

 

Within the framework of reducing the spread of the drug phenomenon and mitigating its effects, the Council of Ministers approved the allocation by the Ministry of Finance of ten billion dinars to the Ministry of Interior / General Directorate of Narcotic Drugs and Psychotropic Substances Affairs for the maintenance and restoration of forced drug rehabilitation centers, and the amount is allocated from the emergency reserve, based on the provisions of the Federal Budget Law of the Republic of Iraq, for the three fiscal years.

 

In the file of military industrialization, the Council of Ministers approved the receipt of all iron waste, which includes weapons, military equipment, military waste, colored metals (copper, leprosy and aluminum) seized from the security services, to the Military Industrialization Commission, after the verdict acquired the final degree from the competent courts.

 

The Council also agreed to include the Military Industrialization Commission with the provisions of the Customs Law 23 of 1984, as amended, provided that the ultimate beneficiary of the goods imported from the Authority above, the armed forces and the internal security forces.

 

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The Council of Ministers takes economic decisions on importers of gold, cars and mobiles

The Council of Ministers takes economic decisions on importers of gold, cars and mobiles
2023-11-21 09:35
 

On Tuesday, the Iraqi Council of Ministers took several decisions, including economic issues of interest to importers of gold, cars and mobiles, and said that these decisions will reflect positively on reducing the price of foreign currency in the informal market.

 

 

 This came during its forty-seventh session Chaired by Prime Minister Mohamed Shia Al-Sudani, during which developments were discussed The general situation throughout the country, and discussing the progress of the implementation of the government program, in all its axes and its main objectives, as well as deliberation on the topics on the agenda, And take the necessary decisions on them, according to a statement received by the Shafaq News Agency.

 

At the beginning of the meeting, the Chairman of the Ministers express condolences on the painful traffic accident, which claimed the lives of a number of members of the educational staff For teachers of Ibrahimi School in Safwan district in Basra Governorate, who witnessed the death of (Ten) educational staff and (three) children, and directed to send a delegation to provide all assistance And possible aid and support to the families of the bereaved victims, and follow up on their needs.

 

In the area of trade regulation, Importing some materials and goods, which some traders are forced to finance from the informal market of foreign currency, and the negative repercussions of financing on the exchange rate, The Council of Ministers has taken a number of decisions and measures aimed at facilitating the benefit of importers of commodities (gold, cars, mobile phones, cigarettes), from the services of the Foreign Remittance Platform banking, making it easier for importers of these commodities to obtain financing in foreign currency at the official exchange rate and avoids the need to resort to buying foreign currency from the informal market.

 

"This will be reflected positively to reduce the rate of foreign currency in the informal market, as trade in The mentioned substances constitute a large part of the demands for foreign currency in the non-market official, as those decisions included a reduction in customs duties on containers and another reduction Concerning the import duties of cigarettes and the approval of certificates of origin issued by the chambers of commerce of the countries These decisions also included simplifying the procedures for importing gold through air ports And with 24 hours service.

 

 

 

The Cabinet continued to consider the On the path of economic reform that is among the priorities of the government, the Ministers form a committee headed by the Minister of Planning, and the membership of the Ministers of Interior and Reconstruction Housing, higher education, scientific research, justice, and the ministers of interior and finance in the government of Kurdistan Region of Iraq, Secretary General of the Council of Ministers and Head of the Legal Department of The Council of Ministers, the Director General of Customs, the Chairman of the Border Crossing Authority and the Director General of Taxes; It undertakes the following tasks:

 

-Review the procedures for the unification of customs policy At all border, land, sea and airport crossings, and propose the necessary decisions To implement the provisions of the ministerial curriculum in this regard.

 

- Develop a comprehensive and unified vision of policy implementation Customs, product protection laws and decisions in this regard.

 

- Review the mechanisms for implementing the Ports Authority Law Border Decree No. (30 of 2016), and its amendments, and proposing the necessary treatments to enable the Authority and the concerned authorities from performing their duties, and that the committee completes its work within a month, and it has Seek the help of specialists you want.

 

Within the framework of continuous support to the sector According to the government program, the Council of Ministers approved the recommendation of the Council Ministerial Council of Economy (230308 s) as follows:

 

1. Authorization of the Mesopotamian Public Company Seeds and the Iraqi Company for Seed Production have the authority to contract with private sector laboratories Clearance (coefficient of neglect and drying of yellow corn) as an exception to contracting methods in Instructions for the implementation of government contracts (2 of 2014).

 

2. Use of mod airports wipers To receive the yellow corn under the management and supervision of the Ministry of Agriculture.

 

3. Allocating (150) billion dinars in addition to The remaining amounts of the amounts previously allocated for the purchase of yellow corn cows for the season (2023-2024).

 

4. Approving the price of (380) thousand dinars for the purchase of tons One of the yellow corn coats.

 

5. Approving the price of (435) thousand dinars for the sale of tons One of the yellow corn grains.

 

Provided that the Ministry of Agriculture starting By handing over the share of the Ministry of Finance by (70%) on the proceeds of the sale of yellow corn for the season (2022- 2023), and compliance with the provisions of Article (44) of the Federal Budget Law of the Republic Iraq, for the fiscal years (2023-2024-2025), for the coming seasons.

 

In the same file, it was decided to amend the decision of the Ministers 248 for the year 2022, as follows:

 

- Approval of the establishment of grain marketing centers (Silo), in the governorates of Wasit and Kirkuk, to increase the storage capacity of the company's revenues General Grain Trading.

 

In the oil sector, a recommendation was adopted Ministerial Council of Economy (230270 BC), which includes the approval of what is proven in the book Ministry of Oil regarding the correction of the Cabinet Resolution (23068 of 2023), and paragraph (5) of the Resolution The Council of Ministers (23188 of 2023), on the pricing of petroleum products.

 

Also in the oil file, the Ministers shall include the following:

 

1- The entry into force of the two decisions of the Council of Ministers (100 and 189 of 2022) for their implementation by the Ministry of Oil, according to her book on October 16, 2023.

 

2- Amending the Cabinet Resolution (23 of 2022), to bear the responsibility of the product distribution company Oil the amount of taxes that will be incurred by the contract in question, and then be later, after Determining its amount and applying the description of (government debt) to it, Presenting the matter to the Council of Ministers, In accordance with its powers to waive, write off or postpone provided for in the Financial Management Law Federal (6 of 2019) amended.

 

 

 

As part of the government's efforts to develop the gas sector And to invest it optimally, the Council of Ministers approved the recommendation of the Ministerial Council for Energy (23097 i) for the year 2023) regarding the tender for the modernization of the gas desalination plant, and the establishment of a nitrogen unit and facilities Pressing and drying the gas of the West Qurna/2 field, as follows:

 

–Approval of the tender for the modernization of Gas desalination plant, construction of nitrogen unit and gas pressing and drying facilities, for the West field Qurna / 2 in the custody of the Italian company (SICIM SpA), with a total amount of (619) million Dollars, of Italian origin, with an implementation period of (990 days).

 

The Cabinet also approved the recommendation of Ministerial Council of Energy (23093 T of 2023) on the Ibn Omar Field Gas Investment Project, According to the following:

 

1. Recommendation to the Council of Ministers for an exception Gas Investment Project (Bin Omar Field) from the amended Cabinet Resolution (245 of 2019) By Cabinet Resolution (23374) of 2023, Concerning the Announcement of Investment Projects Exclusively, Through the National Investment Commission.

 

2. Ensure payment of funds through the Ministry Finance (payment guarantee), to be determined by the Ministry of Oil from November 21, 2023, in light of Budget allocations annually.

 

3. The financial payment of the bills shall be for the full Receivables by crude oil, only through the Oil Marketing Company (SOMO), excluding Instructions to facilitate the implementation of the budget.

 

In continuation of the government's efforts to develop The Electricity Sector and Addressing its Crises, the Council of Ministers approved the recommendation of the Ministerial Council of Energy (23091 T for the year 2023) regarding the Iraqi-Saudi electrical interconnection project, as follows:

 

1. Referral of the implementation of consultancy work for a project Iraqi-Saudi electrical interconnection to Terta Tech for obtaining the highest technical evaluation score And Mali, at a total cost of (1,088,652) dollars, only one million eighty-eight thousand six hundred and fifty-two dollars, in six months.

 

2. Authorize the Ministry of Electricity to sign The tripartite contract within the allocations of the operating budget, as an exception to the instructions for the implementation of contracts Government (2 for the year 2014).

 

Based on the directives of the Chairman of the Ministers, in supporting the sports sector in various sports events, the Council of Ministers has approved to allocate 923 million dinars from the total budget allocated for the Asian Cup For the bow and arrow / first stage, which will be held in the capital Baghdad for the period from 20-25 February 2024, in order to be at a decent level and conform to the conditions of the International Arch Federation and the arrow, according to the letter of the Ministry of Youth and Sports dated November 19, 2023.

 

Within the framework of reducing the spread of the phenomenon of Drugs, and mitigating their effects, the Council of Ministers approved, the allocation of the Ministry of Finance in the amount of ten Billions of dinars to the Ministry of Interior / General Directorate of Drugs and Substances Affairs Mental for the maintenance and restoration of forced rehabilitation centers for users, and the amount is allocated from Contingency reserve, based on the provisions of the Federal Budget Law of the Republic Iraq, for the three fiscal years.

 

In the file of military industrialization, the Ministers receive all iron waste, including weapons, military equipment, Military residues, colored metals (copper, leprosy, aluminum) seized From the security services, to the Military Industrialization Commission, after the judgment acquired the degree Peremptory from the competent courts.

 

The Council also approved the inclusion of the Industrialization Commission Al-Harbi with the provisions of the Customs Law 23 of 1984, as amended, provided that the beneficiary Final of goods imported from the above body, the armed forces and the internal security forces.

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Cabinet takes a number of decisions to facilitate foreign trade

Cabinet takes a number of decisions to facilitate foreign trade

Cabinet Takes Decisions to Facilitate Foreign Trade | Information (almaalomah-me.translate.goog)

  • Today 19:33

Information / Baghdad.

On Tuesday, the Council of Ministers took a set of decisions to facilitate foreign trade with the aim of reducing the price of the currency.

The office of the President of the Council said in a statement received by Al-Maalouma that "the Council of Ministers has taken a number of decisions in the field of trade regulation, and the import of some materials and goods, which some traders are forced to finance from the informal market for foreign currency, and the consequent negative repercussions of this financing on the exchange rate."

He added, "The decisions and procedures aim to facilitate the benefit of importers of goods (gold, cars, mobile phones, cigarettes) from the services of the foreign banking financial transfer platform, making it easier for importers of these commodities to obtain financing in foreign currency at the official exchange rate and avoid resorting to buying foreign currency from the informal market."

He explained that "this will reflect positively on the reduction of the price of foreign currency in the informal market, as trade in the He explained that "this will reflect positively on the reduction of the price of foreign currency in the informal market, as trade in the aforementioned materials constitutes a large part of the demands for foreign currency in the informal market, as these decisions included reducing customs duties on containers and another reduction in cigarette import fees and the adoption of certificates of origin issued by the chambers of commerce of exporting countries, as well as simplifying the procedures for importing gold through air ports and 24-hour service." Finished/25hr

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The Cabinet issues a number of decisions on benefiting from the remittance platform

Baghdad/Nina/ The Council of Ministers issued a number of decisions and procedures aimed at facilitating the access of importers of goods (gold, cars, mobile phones, cigarettes) to the services of the foreign banking money transfer platform, making it easier for importers of these goods to obtain financing in foreign currency at the official exchange rate and avoid the need to resort to buying foreign currency from the informal market.
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The Council of Ministers takes a decision that contributes to reducing the price of the dollar in Iraq - urgent

whatsapp-image-2023-11-21-at-7_30_56-pm-

 

Baghdad Today - Baghdad

Today, Tuesday (November 21, 2023), the Council of Ministers, during its forty-seventh regular session, chaired by Mohamed Shia Al-Sudani, took decisions to facilitate the access of importers of goods (gold, cars, mobile phones, cigarettes) to the services of the banking foreign money transfer platform.

A statement by the Prime Minister's Information Office, received by "Baghdad Today", said that the Council of Ministers decided "in the field of trade regulation, and the import of some materials and goods, which some traders are forced to finance from the informal market for foreign currency, and the consequent negative repercussions of this financing on the exchange rate, the Council of Ministers has taken a number of decisions and measures aimed at facilitating the benefit of importers of goods (gold, cars, mobile phones, cigarettes), from the services of the banking foreign financial transfer platform, making it easier for importers of these Commodities obtain financing in foreign currency at the official exchange rate and avoid resorting to buying foreign currency from the informal market."

He added that the decision "will reflect positively on the reduction of the price of foreign currency in the informal market, as trade in the aforementioned materials constitute a large part of the demands for foreign currency in the informal market, as these decisions included reducing customs duties on containers and another reduction related to cigarette import fees and the adoption of certificates of origin issued by the chambers of commerce of exporting countries, and those decisions also included simplifying the procedures for importing gold through air ports and 24-hour service."

Earlier, a government source reported that directives were issued to adopt the trade in gold, cars, mobile phones and cigarettes within the platform for selling dollars soon.

The source explained in an interview with "Baghdad Today", that "based on the directives of the Prime Minister on the regulation of trade and import operations for some materials and goods, which are mostly financed from the parallel market and its negative effects on the stability of exchange rates, the Ministerial Council of Economy will consider proposing important decisions to facilitate and simplify the procedures for the entry of importers of goods "gold, cars, mobile phones and cigarettes" to the platform of foreign financial transfers.

He added, "These decisions and instructions will be the catalyst for importers of these goods to leave the process of buying and transferring the dollar through the parallel market to the dollar and directing them towards the platform for the window of selling foreign currency in the Central Bank of Iraq and at the official rate."

The source stressed that "this will reflect positively and significantly on reducing the prices of the dollar in the parallel market, where trade in the above materials contributes to the largest percentage of the demand for dollars in that market."

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The Council of Ministers issues a number of decisions, including an important economic on the dollar

The Council of Ministers issues a number of decisions, including an important economic on the dollar
  

{Political: Euphrates New} Prime Minister Mohamed Shia Al-Sudani chaired, today, the forty-seventh regular session of the Council of Ministers, during which they discussed the developments of the general situation throughout the country, and discussed the progress of the implementation of the government program, in all its axes and basic objectives, as well as deliberation on the topics on the agenda, and taking the necessary decisions on them.
At the beginning of the session, the Prime Minister offered his condolences on the painful traffic accident, which killed a number of members of the educational staff of teachers of Al-Ibrahimi School in Safwan district in Basra Governorate, which witnessed the death of (ten) educational staff and (three) children.
Al-Sudani directed to send a delegation to provide all possible assistance, aid and support to the families of the bereaved victims, and to follow up on their needs.
In the field of trade regulation and the import of some materials and commodities, which some traders are forced to finance from the informal market for foreign currency, and the negative repercussions of that financing on the exchange rate, the Council of Ministers has taken a number of decisions and measures aimed at facilitating the access of importers of goods (gold, cars, mobile phones, cigarettes) to the services of the foreign banking financial transfer platform, in order to facilitate importers of these commodities to obtain financing in foreign currency at the official exchange rate and avoid resorting to buying foreign currency. From the informal market.
The statement of the Prime Minister's Office, which published the decisions of today's session, pointed out that this decision "will reflect positively on the reduction of the price of foreign currency in the informal market, as trade in the aforementioned materials constitutes a large part of the demands for foreign currency in the informal market, as these decisions included reducing customs duties on containers and another reduction related to cigarette import fees and the adoption of certificates of origin issued by the chambers of commerce of exporting countries, and those decisions also included simplifying gold import procedures. through air ports and with 24-hour service."
The Council of Ministers continued to consider the topics of the session, as the Council of Ministers decided to form a committee headed by the Minister of Planning, with the membership of the Ministers of Interior, Construction, Housing, Higher Education, Scientific Research and Justice, the Ministers of Interior and Finance of the Kurdistan Regional Government of Iraq, the Secretary-General of the Council of Ministers, the Head of the Legal Department in the Council of Ministers, the Director General of Customs, the Chairman of the Border Ports Authority and the Director General of Taxes, to undertake the following tasks:
- Review the procedures for unifying customs policy at all border, land and sea ports and airports, and propose the necessary decisions to implement what is stated in the ministerial curriculum in this regard.
- Develop a comprehensive and unified vision for the implementation of customs policies, product protection laws and decisions in this regard.
- Review the mechanisms for implementing the Border Ports Authority Law No. (30 of 2016), and its amendments, and propose the necessary treatments to enable the Authority and the concerned authorities to perform their tasks, and that the committee completes its work within a month, and it may seek the assistance of whomever it wants from the specialists.
Within the framework of continuous support to the agricultural sector in accordance with the government program, the Council of Ministers approved the recommendation of the Ministerial Council of Economy (230308 s) as follows:
1. Authorizing the Mesopotamian State Seed Company and the Iraqi Seed Production Company to contract with licensed private sector laboratories (maize dumping and drying plants) as an exception to the contracting methods in the instructions for the implementation of government contracts (2 of 2014).
2. The use of the airports of the Ministry of Defense as spaces for the receipt of yellow corn under the management and supervision of the Ministry of Agriculture.
3. Allocating (150) billion dinars in addition to the remaining amounts of the amounts previously allocated for the purchase of yellow corn for the season (2023-2024).
4. Approving the price of (380) thousand dinars for the purchase of one ton of yellow corn corn.
5. Approving the price of (435) thousand dinars for the sale of one ton of yellow corn grains.<B114> Provided that the Ministry of Agriculture initially delivers the share of the Ministry of Finance by (70%) of the sale of yellow corn for the season (2022-2023), and abides by the text of Article (44) of the Federal Budget Law of the Republic of Iraq, for the fiscal years (2023-2024-2025), for the coming seasons.
In the same file, it was decided to amend Cabinet Resolution 248 of 2022, as follows:
- Approval of the establishment of grain marketing centers (silo), in the governorates of Wasit and Kirkuk, to increase the storage capacity of the revenues of the General Company for Grain Trade.
In the oil sector, the recommendation of the Ministerial Council of Economy (230270 BC) was approved, which includes the approval of what is proven in the letter of the Ministry of Oil regarding the correction of the Cabinet Resolution (23068 of 2023), and paragraph (5) of the Cabinet Resolution (23188 of 2023), regarding the pricing of petroleum products.
In the oil file, the Cabinet also approved the following:
1- The entry into force of the two Cabinet decisions (100 and 189 of 2022) for their implementation by the Ministry of Oil, according to its letter on October 16, 2023.
2- Amending the Council of Ministers Resolution (23 of 2022), according to which the Petroleum Products Distribution Company bears the amount of taxes that will be incurred by the contract in question, and then later, after determining its amount and applying the description of (government debt) to it, the matter will be submitted to the Council of Ministers, in accordance with its powers to waive, delete or postpone stipulated in the Federal Financial Management Law (6 of 2019) as amended.
As part of the government's efforts to develop the gas sector and invest it optimally, the Cabinet approved the recommendation of the Ministerial Council of Energy (23097 T for the year 2023) regarding the tender for the modernization of the gas desalination plant, the establishment of the nitrogen unit and the compression and drying facilities for the West Qurna field 2, as follows:
- Approval of the tender for the modernization of the gas desalination plant, and the establishment of the nitrogen unit and gas pressing and drying facilities, for the West Qurna / 2 field in the custody of the Italian company (SICIM SpA), with a total amount of (619) million dollars, of Italian origin, with an implementation period of (990) days).
The Cabinet also approved the recommendation of the Ministerial Council of Energy (23093 of 2023) regarding the Ibn Omar field gas investment project, as follows:
1. Recommending to the Council of Ministers to exclude the gas investment project (Bin Omar field) from the Cabinet Resolution (245 of 2019) amended by Cabinet Resolution (23374) of 2023, regarding the announcement of investment projects exclusively, through the National Investment Authority.
2. Guarantee of payment of funds through the Ministry of Finance (payment guarantee), to be determined by the Ministry of Oil from November 21, 2023, in light of the allocations allocated in the budget annually.
3. The financial payment of invoices for all dues by crude oil, only through the Oil Marketing Company (SOMO), shall be an exception to the instructions to facilitate the implementation of the budget.
In continuation of the government's efforts to develop the electricity sector and address its crises, the Council of Ministers approved the recommendation of the Ministerial Council of Energy (23091 T for the year 2023) regarding the Iraqi-Saudi electrical interconnection project, as follows:
1. Referring the implementation of the consultancy work for the Iraqi-Saudi electrical interconnection project to Terta Tech for obtaining the highest technical and financial evaluation score, at a total cost of (1,088,652) dollars, only one million eighty-eight thousand six hundred and fifty-two dollars, in six months.
2. Authorizing the Ministry of Electricity to sign the tripartite contract within the operational budget allocations, as an exception to the instructions for the implementation of government contracts (2 of 2014).
Based on the directives of the Prime Minister to support the sports sector in various sports events, the Council of Ministers approved the allocation of 923 million dinars from the total budget allocated for the Asian Cup for the bow and arrow / first stage, which will be held in the capital Baghdad for the period from 20-25 February 2024, in order to be at a decent level and conform to the conditions of the International Archery Federation, according to Ministry of Youth and Sports letter dated November 19, 2023.
Within the framework of reducing the spread of the drug phenomenon and mitigating its effects, the Council of Ministers approved the allocation by the Ministry of Finance of ten billion dinars to the Ministry of Interior / General Directorate of Narcotic Drugs and Psychotropic Substances Affairs for the maintenance and restoration of forced drug rehabilitation centers, and the amount is allocated from the emergency reserve, based on the provisions of the Federal Budget Law of the Republic of Iraq, for the three fiscal years.
In the file of military industrialization, the Council of Ministers approved the receipt of all iron waste, which includes weapons, military equipment, military waste, colored metals (copper, leprosy and aluminum) seized from the security services, to the Military Industrialization Commission, after the verdict acquired the final degree from the competent courts.
The Council also agreed to include the Military Industrialization Commission with the provisions of the Customs Law 23 of 1984, as amended, provided that the ultimate beneficiary of the goods imported from the Authority above, the armed forces and the internal security forces.

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Just thinking out loud..... so they are going gsinar only on 1st January. and apparently they are going digital as well and they will actively discourage the use of cash..... so, do they really need lower denims and fils. Sure there will be people with no bank account and dinar stuffed in mattresses  but are these people really going to part with their money when it would cost more than using a debit card? Will they limit the amount of lower notes in circulation, which would push the value up? Will they really need to change the rate at all if they are digital and don't release the lower notes? We know the lower notes don't work without a rate so logic would dictate they need to change it but if they don't release those noted do they really need to do it by January??? 

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3 hours ago, BETTYBOOP said:

Just thinking out loud..... so they are going gsinar only on 1st January. and apparently they are going digital as well and they will actively discourage the use of cash..... so, do they really need lower denims and fils. Sure there will be people with no bank account and dinar stuffed in mattresses  but are these people really going to part with their money when it would cost more than using a debit card? Will they limit the amount of lower notes in circulation, which would push the value up? Will they really need to change the rate at all if they are digital and don't release the lower notes? We know the lower notes don't work without a rate so logic would dictate they need to change it but if they don't release those noted do they really need to do it by January??? 

we're digital in the US. electronic everything. but I still use cash as well. They are not as advanced as we are as far as going digital, and are going to need cash. If they do change the rate come January, they will have to have lower denoms in those ATM machines. Going all in on the dinar is huge. I just don't know if that will trigger the rate change. Logic says yes. But when has logic and Iraq been kissing cousins?

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19 minutes ago, keylime said:

we're digital in the US. electronic everything. but I still use cash as well. They are not as advanced as we are as far as going digital, and are going to need cash. If they do change the rate come January, they will have to have lower denoms in those ATM machines. Going all in on the dinar is huge. I just don't know if that will trigger the rate change. Logic says yes. But when has logic and Iraq been kissing cousins?

I feel similar to the rate changing in January. It seems that it should but I would not be surprised if it doesn't. Time is definitely running out for folks who don't hold dinar to go get some while they can.

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