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HOT: Finance Launches Financing The Operating Budget.


Luigi1
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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." 

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Here's another article related to the above...Iraq-India trade will be done in each other's own currency...

 

 

 

KTFA via Clare:                  The Territory Commercial Bank Announces Financing Iraq's Trade With India In Rupees.

ARTICLE:   The bank said in a press statement, “We announce the launch of a pioneering initiative to enhance trade exchange between Iraq & India, where trading partners can now conduct their financial transactions in the Indian Rupee.

 

This step aims to facilitate & accelerate commercial operations between the two countries by providing simplified & effective financial solutions.”

 

He added, "Within the framework of this initiative, the Territory Commercial Bank opened an account in Indian Rupees with DBS Bank in New Delhi, which allows cross-border financial transactions to be carried out more easily & efficiently.

 

This transformation aims to eliminate the challenges related to currency exchange & reduce transaction costs & the time required to complete them." “This will reflect positively on the efficiency of trade between Iraq & India.”

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Here's an article related to the above...we won't get out of this month without this RV...

 

 

 

Some highlights by PDK-Not verbatim.

THREAD:

 

Member: Good Evening Mark & mods….Really hope Iraq gets the RV done before Ramadan on March 10th…..the clock is ticking.

Member: Is Sheila joining us tonight (CMKX & Currency source)

MZ: She will be joining us Friday with Mr. C. Expect Friday Mornings podcast to be a long one…we will get into prosperity packages, CMKX , Farm Claims  &d much of what is going on with currencies …what is being heard in other countries. This podcast ought to be a humdinger.

Member: What about your bank contact that said February should definitely your month for it to go?

Member: Just a few days left……git er done!!!!!

MZ: Its quiet on the RV so far this evening  from what I consider tangible on the RV news front…….Bankers still believe we are in that “any moment “ window with sooner rather than later.

MZ: We heard from members today that were reached out to by banks who know they have currency – they were suddenly reached out to to set up appointments with wealth managers……Maybe banks are jumping the gun a little getting people prepped & ready because they don’t want to lose the business…   We still have some banks that flat out deny knowing anything & some that openly have conversations about it.

MZ: “Brazil to host meeting of BRICS finance ministers & Central Bank heads”  This is going on as we speak in Brazil. BRICS continues to move along grabbing a larger & larger share of the worlds GDP.

Member: Guru Mnt Goat  (From Dinar Guru)  ...Iraq is finally breaking the news all about the Project to Delete the Zeros. This is fantastic news but just news for now. The actual execution part is coming & I was told by my weekly call to my CBI contact in Iraq on Saturday, that it will be VERY SOON!

MZ: That totally fits with what we heard over the weekend. They are having very open conversations on television, articles…you name it. Plus a committee to help stores & markets reprice goods.

Member: And all the WTO articles coming out about Iraq ascending soon …that is big news.

Member: Mark- what is your guy saying about rates? Other are saying $1.30 in country. Do you think they will RV on March 1st per rumors?

MZ: TO me $1.30 doesn’t make a whole lot of sense. Would it work for them- yes . They have been very blunt with their people & even Sadr said they were going to restore the dinar to its former glory. And $1.30 is about a third of what it used to be ..  I would be ok with $1.30….but I expect higher.

Member: $3.22 was what it was at….adjusted for inflation should be  $4.81…

Member: So will Iraq go alone or do you still believe it will all go at once?

MZ: I still believe it will all go at once.

Member: If it all goes at once –it defeats the nonsense about double dipping.

MZ: It would solve a lot of the problems by going all at once.

Member: If Iraq is not part of the WTO- why isn’t the dinar on forex?

MZ: Iraq is not yet part of the WTO. They have been approved and all their tasks have been completed for ascension but are waiting for an announcement.

Member:  Good night to all my friends out there.

Member: Sweet RV dreams everyone.

 

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