TNT:

Skinman:  Does anyone know the tentative schedule for voting on the budget or announcing the completion of the government?

Speedy:  Vote on the budget Tuesday.

KMan:  So now the Iraq government is fully seated. Now all we need is a budget completed, hopefully this month, and then away we go, as Jackies Gleason used to say...lol

Yada:  KMAN it will be this month. It will be this week coming because their parliament session ends. Waiting till the last minute. But, as tony stated yesterday, now that the government is formed, the CBI can release the rate now.

Skinman:  Is it voted on Tuesday or are they just reading it through because I know that has to happen a few times before they can vote

Yada:  My understanding is they will read it and open for discussion but they've negotiated enough to make it spread without putting holes in the bread.

Skinman:  Wow, so they announce the seated government may be the same time they announce the budget or voted in? Then there would be nothing in the way of this happening I think?

Yada:  Agreed skinman. I know it hadn't been discussed much but I the EFSL is still law and could release the rate but we are at the end and all the info pieces are fitting together, we they are keeping the view close to their chest.

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Courtesy of Dinar Guru

Frank26   Notice how they constantly talk about the exchange rate.  I don't care if they deny it or once again repeat it.  None of this is important...The most important thing is that they are talking about it and doing it.  That is a pattern not to be ignored.  Like I told you 2 weeks ago the CBI would be talking a lot from now on and they are aren't they...

Walkingstick  [via Frank26]   [Walkingstick's Iraqi Bank partner/friend update]   Iraqi BANK FRIEND:  When they announce the government of Iraq is finally seated the new budget will be introduced to parliament...The budget is a number of laws within a law.  It is at that time that they will expose the laws.  These laws will be read upon the receiving the budget to parliament.  The reading of the budget laws by line item...will reveal the exchange rate. 

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KTFA:

Clare:  The Iraqi Parliament completes the cabinet of the Sudanese government by granting confidence to two ministers

2022-12-03

 The Iraqi Parliament voted, today, Saturday, to grant confidence to the Minister of Construction, Housing, Municipalities and Public Works, Bankin Abdullah Rikani, and to the Minister of Environment, Nizar Muhammad Saeed Amidi.

Shafaq News agency reporter said that the parliament held its session headed by Muhammad al-Halbousi, Speaker of Parliament, after the completion of the legal quorum, in the presence of 208 members.

A statement issued by the Media Department of the House of Representatives stated that an absolute majority voted to grant confidence to the two ministers, and thus the ministerial cabinet of the current federal government headed by Prime Minister Mohamed Shia Al-Sudani has been completed.

It is noteworthy that the House of Representatives had voted, at the end of last October, on the cabinet of the Sudanese, with the exception of the ministries of Environment, Construction and Housing, due to the differences that took place over the two positions by the two Kurdish parties (the Kurdistan Democratic Party and the Patriotic Union of Kurdistan).

The political agreements that preceded the formation of the government determined the share of the Kurdish component in four ministries, in addition to the position of the President of the Republic and the second deputy speaker of Parliament.   LINK

KandG:  IMO - They said they would do it today... And they actually did!!!  You go Sudani!!!
Next... the 2023 budget.

JaimeO:  Yepper - having lived in the Middle East long before this forum existed - this a brand new Iraq regardless of the naysayers still spouting negativity.   Thanks goes out to the UN, IMF, UST and others who gave them a push.  Regardless of their motive - the citizens of Iraq and us as investors, will receive the blessings.  IMO

Ewtohan:  Am I reading this that we now have a fully seated/announced Government in Iraq?? Does this mean the proverbial Ball is now in the court if they CBI ?  

Zeeman:  yes they were given a big push to get this far….. this is now my question since they have a seated gov the cbi can change the value if they want to. So will they do it?  imo

Clare:   The House of Representatives adjourns its session to next Monday

03/12/2022

The Presidency of Parliament adjourned, on Saturday, the 15th session to next Monday.

Today's session witnessed the vote on Bankin Rikani as Minister of Construction, Housing, Municipalities and Public Works, and Nizar Muhammad Saeed Namidi as Minister of Environment.

The session also witnessed the completion of the first reading of several draft laws, including the draft law on freedom of expression, assembly and peaceful demonstration   LINK

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Henig:  Al-Sudani and Allawi stress the importance of supporting the government's actions in combating corruption

12-2-2022

Baghdad / NINA / - The Prime Minister, Muhammad Shia'a Al-Sudani, visited the former Prime Minister and leader of the National Coalition, Iyad Allawi.

The meeting witnessed, according to a statement by Al-Sudani's office, a discussion of the general situation in the country, and an emphasis on the importance of the government proceeding with the implementation of service projects directly related to the lives of citizens, and attributing the measures it has taken in the field of combating corruption.    LINK

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Henig:  The Iraqi Business Council and the International Monetary Mission discuss economic developments and issue a number of recommendations

Baghdad / NINA / - The Iraqi Business Council in Amman discussed with the International Monetary Fund mission to Iraq, the most prominent local economic developments and expectations in Iraq, ways to develop the private sector and support the business environment.

During the meeting held at its headquarters in Amman, the Council presented many recommendations and proposals, centered on the need to address the issue of random employment, which is a burden on the Iraqi state budget, and to review the phenomenon of multiple salaries for employees.

According to a statement by the Council today, it was recommended that the Iraqi Financial Supervision Bureau supervise the work of all ministries, bodies and companies associated with them, and find long-term plans for the development of economic sectors and various infrastructures in Iraq, including the electricity sector.

The Council recommended the need to stabilize the exchange rate of the local Iraqi currency fluctuating between the central bank rate and the free market rate for exchange offices outside the central bank, opening qualified training centers for training and developing human resources, creating clear legislation for the energy sector, especially renewable energy, and setting up a correct mechanism for calculating tariffs and collection method.

The Council recommended activating the partnership between the private and public sectors and benefiting from the sustainable development programs for Iraq that were supported by international organizations, as those funds that were allocated to build a sustainable economy and implement the Iraqi private sector development strategy (2014 and 2030) were not employed within the time specified in the strategy to reach for true partnership between the two sectors.

It is noteworthy that the Iraqi Business Council in Amman was established in 2006, and it is a forum for businessmen to exchange views, ideas and business information, provide job opportunities through trade and social missions, and introduce existing investment opportunities in Jordan and Iraq.  LINK

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Henig:  The United Nations High Representative for the Alliance of Civilizations arrives in Baghdad

12-3-2022

Baghdad / NINA / - The United Nations High Representative for the Alliance of Civilizations, Miguel Angel Moratinos, arrived in Baghdad to participate in the Forum of Ancient Civilizations.

"The representative of the Secretary-General of the United Nations, the United Nations High Representative for the Alliance of Civilizations, Miguel Angel Moratinos, and his accompanying delegation arrived in Baghdad, to participate in the Forum of Ancient Civilizations, in its sixth edition," said Ahmed Al-Sahhaf, spokesman for the Forum, in a statement.

Tomorrow, Sunday, the works of the sixth edition of the "Forum of Ancient Civilizations" will begin in the capital, Baghdad, under the auspices of the Ministry of Foreign Affairs and in the presence of Arab and foreign representatives of international, UN and diplomatic missions.

The forum will be held with the participation of Iraq - as president and host, Greece, China, Egypt, Iran, Mexico, Italy, Bolivia, Peru and Armenia.   LINK