More News, Rumors and Opinions Sunday Afternoon 5-28-2023
KTFA:
Clare: Parliamentary Finance determines the nature of suspending its meetings: “The State Administration” will take over the matter
5/28/2023
On Sunday, a member of the Parliamentary Finance Committee, Faisal Al-Naeli, determined the nature of the suspension of the committee’s meeting, while he revealed a move by the State Administration Coalition to hold a meeting tomorrow, Monday, to resolve the dispute over the general budget.
Al-Naeli explained, in a press interview seen by “Takadam”, that “the committee did not stop its work as much as it postponed its meetings for the purpose of giving an opportunity for the State Administration Alliance to discuss articles related to the Kurdistan region.”
He added, "The State Administration Alliance will hold a meeting this evening or tomorrow, Monday, to discuss and resolve the budget, after which a date will be set for approving the general budget law."
Earlier in the day, the Minister of Finance and Economy in the Kurdistan Region, Awat Sheikh Janab, considered that any changes to any article in the federal financial budget outside the agreements concluded between Erbil and Baghdad are considered “illegal.” LINK
Ryan1216: Not to sound negative but is it really that difficult to pass the budget?
Godson: Imo... No problem with Kurdistan = keep having meetings. No problem with the budget = just haven't announced it. No problem with the rate = just haven't changed it...
Zeeman: As frank stated many times do not worry about the budget …only the rate
Butchb: I thought I remember Frank stating that it’s possible that we will see another rate change possibly 1300 before we would see it go 1 to 1 if I’m not mistaken 1300 is another rate change
DeepWoodz: Imo Hi Butch, currently the rate is 1300 (1310). Frank was expecting circa 1000 at one time. I don’t know if that’s still his opinion.
I have my own opinion that’s different. No one can tell me why on earth they chose 1310 to start with. Honestly they could have done better….UNLESS they have to prove themselves to the IMF, World Bank, the world. Work their way up. I don’t understand why they would with their PROVEN wealth ie. OIL & MINERALS
I mean they went from 1160-1190 to 1460. Now back only to 1310?? This has never made sense.
If the citizens trust was so important then you would give them something worth having. NOW.
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Courtesy of Dinar Guru
Nader From The Mid East I can use my Iraqi debit card in America...I never talked about the credit cards or ATM...they're telling us today the credit cards we can use them international. I can use my debit card here or my credit card anywhere in the world...Of course our credit cards doesn't work with dollar, work with dinar. So if I'm here (United States) I'm gonna go to any bank, example Chase, get money - What's going to happen? The dinar is going to be exchange by the dollar between banks. A week ago I came out and said it's gonna float. There's your float. For now it's not showing on Forex. Believe me guys it start to float. Now I can use my card here...
Frank26 Article: "Planning: Items in the budget to address the impact of the dollar exchange rate" Quote: "The Ministry of Planning revealed that the budget for the current year includes new items that address the impact of changing the exchange rates of the US dollar on the Iraqi citizen" COMBINE THIS ARTICLE WITH THE FACT THAT THEY WANT TO ALSO INTRODUCE LOWER NOTES BELOW A 250, THEN WE HAVE A NEW EXCHANGE RATE AND A NEW NATIONAL CURRENCY.
Woooooooow we going to get new currency. This is very exciting a home there a lot smaller
Nader: 5-28-2023
Remember, I told you nothing changes before the currency… they have to change the currency for them to change the rate
Remember that? And there’s no rate in the budget… the only rate in the budget is 1310