KTFA:

Samson:  The 2021 budget comes into effect, and this is its final text

04/18/2021 11:30:00

 The official Al-Waqa’a newspaper published the text of the fiscal budget law for 2021, to officially enter into force.

The newspaper published the final version of the budget law.

It is noteworthy that Prime Minister Mustafa Al-Kazemi announced the government's intention to challenge some of the budget's paragraphs for amendments to be made by Parliament.

To view the budget law ... click here    LINK

ATPInfinity:  HOW ABOUT "IMPLEMENTATION CELEBRATION",

"ON YOUR MARK...",THE BUDGET PUBLISHED IS LIKE A LOADED STARTER PISTOL FOR A RACE....The Ministry of Finance / CBI..finger on the TRIGGER......"GET SET.....G........"

Just where we wanted to be FOR DECADES ! IMO

Popeye7:  The boom heard around the financial world... 

Osmosis:  Rate will be 1450.........IMO, then drop the zeros ($1.45)

Jerry1971:  THE BUDGET TO BE PUBLISHED IN THEIR NEW NEWS PAPER SHORTLY EVEN IF THEY OPEN THE BUDGET WITH THE SAME PROGRAM RATE OF 1460 ….IT SHOULD AND WOULD CHANGE AFTER OPENING TO THE NEW RATE AS PER THEIR UNDERSTANDING AND COMMITMENT WITH IMF…. REALLY GOOD TIMES AHEAD IN DINARLAND .    IMO.   

GodLover:  IMO   They would not open the budget & disburse funds at a PR,(program rate)   only to change it. A new rate would NEED to happen prior to budget opening. 

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Don961:  The budget officially enters into force ... but: no less than 10 articles are still "pending" and will not be implemented until the "answer" arrives.

2021-04-18  Yes Iraq: Baghdad

 The 2021 budget entered into force today, Sunday, "officially" after it was published in the Al-Waqi’a newspaper, amid anticipation for many articles that may reach 10 articles whose fate will be suspended until the Federal Court decides on them.

Today, Sunday, the official Al-Waqi’a newspaper published the fiscal budget law for 2021, and by publishing the law in the official newspaper, the fiscal budget law is considered effective and the law will come into effect from today.

However, some articles will await their fate after the Federal Court decides them, against the background of several appeals filed by parliamentary blocs and others that may have been submitted by the government.

A member of the Finance Committee, Abdul Hadi Al-Saadawi, said in a press statement a few days ago, that "the federal budget comes into effect after its publication in the Iraqi newspaper Al-Waqi’a and the issuance of final instructions on it." It was appealed to the Federal Court, which is supposed not to enter into force until a decision is reached by the Federal Court. ”

And he indicated that "a parliamentary bloc has challenged five articles in the 2021 budget, including the exchange rate, Article 11, guarantees and sovereign loans, and whose contracts have been canceled in the security ministries and the popular crowd," noting that "there is another article that will be challenged related to the tribal separation."

He continued, "This article was attached to the tables and not in the budget texts, and everyone knows that the tables are very important, and this paragraph did not appear even to the members of the Finance Committee." Destroyed by ISIS ”.

Government appeals

The matter did not depend on the aforementioned appeals submitted by a parliamentary bloc. Rather, Prime Minister Mustafa Al-Kazemi had announced his government's intention to submit new appeals against articles in the budget.

And Al-Kazemi said in a speech he gave during his meeting with tribal sheikhs and notables in Al-Muthanna governorate, that "we will file an appeal with some paragraphs of the budget with the Federal Court, because there are paragraphs that will affect the electricity sector, the health sector, etc." To solve it. ”   LINK

Iobey777:  Interesting... it went into FORCE today....that’s a step forward! IMO 

Don961:   Top 12 Most Expensive World Currencies - 2021 Edition

March 24, 2021

 Ever thought about what is the highest currency in the world today? Most likely, you’re thinking now about British Pound, US Dollar, or Euro… Well, guess again. There are at least a few currencies with a higher value than these three.

We’ve put together a list of the top 12 world’s highest-valued currencies in 2021 compared to the US Dollar and Euro. You’ll be surprised to learn that being the most widely traded, USD is not even in the middle of the list, but almost at the end of it.

And if you want to see the flip side, compare this list to the top 10 of the weakest world currencies to see the significant differences.

Highest Currency Ranking

So, which country has the highest currency value? Let’s start with a quick recap of the most valuable currencies rating to get the entire picture:

Currency Currency сode USD conversion rate EUR conversion rate

1 Kuwaiti Dinar KWD 3.31 USD 2.77 EUR

2 Bahraini Dinar BHD 2.66 USD 2.23 EUR

3 Omani Rial OMR 2.60 USD 2.18 EUR

4 Jordanian Dinar JOD 1.41 USD 1.18 EUR

5 British Pound Sterling GBP 1.38 USD 1.16 EUR

6 Cayman Islands Dollar KYD 1.22 USD 1.02 EUR

7 European Euro EUR 1.19 USD 1 EUR

8 Swiss Franc CHF 1.08 USD 0.91 EUR

9 US Dollar USD 1 USD 0.84 EUR

10 Canadian Dollar CAD 0.80 USD 0.67 EUR

11 Australian Dollar AUD 0.77 USD 0.65 EUR

12 Singapore Dollar SGD 0.74 USD 0.62 EUR

And now, we'll get a closer look at each currency and find out what makes them so highly valued.

 #1 – Kuwaiti Dinar ($3.31)

Currency code – KWD

Kuwaiti Dinar rates:
1 KWD = 3.31 USD (Kuwaiti Dinar to US Dollar)
1 KWD = 2.77 EUR (Kuwaiti Dinar to Euro)

Today, Kuwaiti Dinar is the highest-valued currency in the world, estimating at $3.31 per Dinar. Such a high value is explained by Kuwait's stable economy and significant oil exports into the global market, producing almost 95% of the country's revenue.

According to the estimates, about 9% of the global oil reserves are located on its territory. Petroleum production here is the easiest and, therefore, the cheapest among other countries.

Besides, Kuwait is a tax-free country with a very low unemployment rate.

All of this makes it rank 8th in the list of countries with the highest GDP per capita.

Kuwaiti Dinar was first introduced in 1961 after the country gained its independence from the United Kingdom and was initially equivalent to one Pound Sterling.

Since 2003 the currency was pegged to the US Dollar, but in 2007 the government decided to peg the Kuwaiti Dinar to the weighted currency basket.

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