KTFA:

MilitiaMan: The Finance Minister has his committee approved. (See articles below)  He is praising the White Papers and the importance of them.

The "Transformation into a New Era" should not be lost on anyone. They have been consistently telling us they are going to change the exchange rate and even one where it is to be back to a previous era.  The era that supports a "Transformation into a New Era" is for Iraq to revert to an era that mirrors the need for NSCNs and fils.

The previous program rate of 1190 or 1182 or 1166 don't and will not work with the NSCNs and fils.

There is no data to support that that would be in the White Papers..

They have told us they are using and are on a Digital Transformation roadmap. We know they have the AYSCUDA for taxation, the BUNA and the new CRS2 platforms for clearing currencies and payments and settlements down to the retail level.

Regardless of the political side the Finance Ministry (FM) side of the monetary reform process is looking to be ready to go with approved committee in place.

I suspect that the CBI is and has been ready, as well.

 It is the CBI and FM that need to work in conjunction with each other with respect to the exchange rate change back to a previous era that will usher them into a new era moving forward.

One that brings purchasing power. One that has an IMF Article 8 compliant currency rate with the ability to trade on a level playing field and able to have freedom of capital movement across all borders regionally and globally.

Whether or not is happens prior to the seating of the Presidency, Prime Minister, Cabinet members or not it appears there is a convergence between them.

There is a view, that the CBI could do as they have in the past, change the rate when they are ready.

The have the FM on board, they even have the politicians all on board based off many articles on the matter.

So, it is not like there is going to be any …hold on a minute.. I didn't want purchasing power... You can't change the rate until all of us politicians sit in our respective seats. lol .

If it happens to be that is the case? They are to have the next vote session on 03/30/2022..  Not very far off.. imo..

Security and stability and the settlement of differences has been sorted and has played out too.

All imo a very good time we are in.. ~ MM

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In the names.. members of the Finance Committee after the parliament vote

 2022-03-26 09:16

 On Saturday, the Iraqi parliament approved the names of the members of the Finance Committee in the Iraqi parliament.

According to the statement of the Media Department of the Iraqi Parliament, the members of the Finance Committee are:

Deputy Hassan Al Kaabi

Representative Muhammad Tamim

Representative Falah Al-Zaidan

Representative Star Attabi

Deputy Muhannad Khazali

Representative Ahmed Mazhar

Representative Rebwar Ur Rahman

Deputy Nazim Al-Shibli

Deputy Khalil Al-Ghazi

Deputy Mishaan al-Jubouri

Deputy Faleh Al-Sari 

Representative Abd al-Abbas al-Absawy

And the Iraqi Council of Representatives, earlier on Saturday, raised its session to next Monday.

A brief statement by the Parliament's media department stated that the Speaker of the House of Representatives adjourned the session to elect the President of the Republic next Wednesday, while a regular session will be held next Monday.

On Saturday, Parliament Speaker Muhammad al-Halbousi opened a regular session of the House of Representatives, attended by 202 deputies, in a session that was scheduled to choose the President of the Republic.  LINK

The Minister of Finance, praising the “White Paper”: Oil price fluctuations negatively affect Iraqi society

Economie- 03-26-2022 09:26 PM - Number of readings: 924

Finance Minister Ali Abdul-Amir Allawi confirmed, today, Saturday, that fluctuations in oil prices in global markets affect Iraqi society by creating "chronic and costly crises" for it, praising the "white paper" in rebalancing the Iraqi economy.

Allawi said in his speech during the activities of the Doha Forum for International Dialogue, that "the goal of reaching a world free of crises, violations and wars is not easy to reach, unless there is "good intentions, international will and equal dialogue" to resolve differences and reduce conflicts to silence the voice of war and the harbinger of destruction.

He pointed out that the number and expansion of conflict hotspots in the world "is what worries the world", and that this is no less concerned about the effects of the Corona pandemic.

He added, "There is no doubt that the establishment of security and stability and the settlement of differences between the Arab countries and their regional and international surroundings add to the world the factors of recovery, peace and prosperity. It is the hoped-for role of reviving the factors of history and geography in spreading incentives for dialogue as an objective and moral alternative to conflict."

Allawi indicated that Iraqi society suffers from chronic and costly crises deepened by fluctuations in oil prices in the global market, due to the impact of the Corona pandemic and terrorism, and that the decline in Iraqi oil revenues and terrorism were a source of concern at all governmental, political and popular levels, and it is a legitimate concern in the context of the historical deterioration of the global economy.

https://www.dijlah.tv/index.php?page=article&id=303661

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Finance Minister: The importance of the white paper was embodied in restoring balance to the Iraqi economy

Baghdad / Obelisk: The Minister of Finance, Ali Abdul-Amir Allawi, confirmed, on Saturday, March 26, 2022, that the white paper restored balance to the Iraqi economy.

The media office of the Minister of Finance stated, in a statement received by Al-Masala, that the Minister of Finance, Ali Abdul-Amir Allawi, participated in the activities of the Doha Forum for International Dialogue held in the sisterly State of Qatar in its 20th session, which will continue for the period from 26 to 27 March 2022.

The statement explained that the forum, which bore the slogan "Transformation into a New Era," aims to launch a dialogue on the critical challenges facing the world, promote the exchange of ideas and policy-making, and present viable recommendations.

Allawi said during his speech at the forum, that the goal of reaching a world free of crises, violations and wars is not easy to achieve, unless there are good intentions, international will and equal dialogue to resolve differences and reduce conflicts to silence the sound of war and the omens of destruction, so health recovery is no longer worrisome after suffering severely from the effects of the pandemic. Corona, but rather the multiplicity of foci of the armed conflict and its expansion is what worries the world.

He added: There is no doubt that the establishment of security and stability and the settlement of differences between the Arab countries and their regional and international surroundings add to the world the factors of recovery, peace and prosperity, which is the hoped-for role of reviving the factors of history and geography in spreading incentives for dialogue as an objective and moral alternative to conflict.

He added that Iraqi society suffers from chronic and costly crises deepened by fluctuations in oil prices in the global market, due to the impact of the Corona pandemic and terrorism, and that the decline in Iraqi oil revenues and terrorism were a source of concern at all governmental, political and popular levels, and it is a legitimate concern in the context of the historical deterioration of the global economy

 So the need was The national economy has turned to a financial strategy for two things, the first is short related to borrowing for the purposes of meeting urgent needs, and the second is long-term, represented by the white paper for economic and financial reform to avoid expected fluctuations and achieve reassurance of a decent life, and create new economic partnerships at all levels.

He added that the importance of the white paper is embodied in rebalancing the Iraqi economy and placing it on a path that allows the state to take appropriate steps in the future to develop it into a dynamic diversified economy that creates opportunities for Iraqis to live a decent life by proposing a set of comprehensive reforms and policies, and protecting the weak and fragile groups in society, which are more affected by some aspects

Reform by increasing social protection allocations, supporting the food basket and small and medium enterprises, and activating health measures to counter the effects of the pandemic, and the reform paper took into account the repercussions of rising global food prices on the life of Iraqi society, which is the result of measures outside its control regarding the high costs of production, transportation, shipping and marketing.

He concluded his speech by saying: I take this opportunity to express my sincere thanks for the hospitality and organization, and our sincere and heartfelt wishes for the continued progress and prosperity of the organizing sister country and all participating countries.