KTFA:

DinarDiva1:  IMO  Here is what we wait for next!

Regarding the implementation of the law, Al-Tamimi said that it “will be implemented when it is published in the official Gazette and when it is approved by the President of the Republic.”

Yesterday, Wednesday, the House of Representatives voted on the proposed emergency support law for food security and development in general, after rounds of political debate, between a supporter of it and a rejection of it.

Tivon:  Look at you go. This is what I am talking about. Now everyone knows for certain that the FSL is actually or acting as a general budget. This is all you need to read now. Because I know someone asked this questions a couple of days ago will the FSL be published in the Gazette. Well there you go.

This is amazing. Now we can put this to bed. This is for people who assumed a rate was going to pop up as soon as the vote was done. They have to then as Hakim Al-Zamili mentioned follow up with the relevant authorities to implement the FSL.

Now that we know they are waiting on the publication and the President of The Republic we can relax and let this play out. I wonder when it will land in the Gazette?   IMO

Samson:  The crisis of the value of the Iraqi dinar against the dollar .. Are we facing a breakthrough?

10th June, 2022 by Nouri Jassim

Speculators are always ready to seize opportunities in the field of stock exchanges, exchange markets and currencies in Iraq today.

Anticipation still prevails in the Iraqi exchange market, despite the sudden improvement in oil prices until it crossed the $95 barrier.

 The manipulation of currency exchange rates and the increase in the price of the Iraqi dinar against the dollar had significant negative effects, including raising the prices of materials in absolute, without an increase in salaries. Decision-makers and policy makers in Iraq, to ​​have a role in the half of Iraqi society, especially after the huge financial abundance of hard currency.

Accordingly, we suggest that the exchange rate of the Iraqi dinar against the dollar is 100 thousand Iraqi dinars for 100 US dollars, and I think this is the real fairness to the Iraqi citizen, and give him something of interest, vitality and well-being, because he suffered what he suffered from instability and psychological, social and economic discomfort.

Today the House of Representatives, The Council of Ministers, and the President of the Republic are at stake before the will of the Iraqi people.

We await decisions from you to solve the Iraqi dinar crisis, and end this crisis before it turns into a purely financial, economic and security crisis that threatens the future of Iraq.     LINK

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Tivon:  Here we goooooooooooooooooooo…. People look at what Frank shared last night. Look what is about to be published in the Gazette. I ask you where do you think we are right now in this investment? How close are we to the finish line? Why did the governor of the CBI visit the private banks to ensure they are implementing instructions? They are not studying or training. They are imposing new procedures. They are able to come out and say these things simply because the FSL does what? "Covers All Contracts"!

Member of Parliament, Ahmed Al-Jubouri, said Wednesday, that the emergency support law for food security and development targeted the poor segments of society.

Al-Jubouri said in a tweet via Twitter, "The law of emergency support for food security and development targeted the poor segments of society, the stabilization of all contracts and procedures, the return of the remainder of their voided contracts to members of the security services, compensation for the affected and martyrs ... as well as the provision of food and medicine, the reconstruction of the provinces and support for farmers." "It is indeed an important law," he added. IMO.

Tivon:  Listen I want you to pay attention to the wording here. Look at how the reference the "Food Security Law" as compensatory to the citizens. Why would they use that verbiage in two different articles that officially states that this law is important for all contracts and procedures. What procedures could be implemented if the hard currency reserves are enough to cover the Iraqi dinar that Mazhar Muhammad Salih mentioned weeks ago?

Is is the same procedures the private banks are now following where they are implementing instructions on behalf of the CBI?

Again pay attention to the language. What can the Iraqis be compensated for? What have they been begging for from the past 5 years or more? Why is Mazhar Muhammad Salih also referring to the FSL as a compensatory law?

He just said the 1/12 from last year is not enough. How will the FSL move the wheel of the economy? Well if the law they cover all contracts/procedures and they include the HCL/Oil & Gas which will give the citizens purchasing power which will also be maintained by the hard currency reserves against any inflation.

 I guess they can predict a pretty healthy economy where all "Trade Contracts" with Foreign Nations will for the first time in decades be settled in Iraqi Dinar. 

Saleh told {Euphrates News}: "The emergency support law is related to national food security, as well as electric power, support for farmers, and Iraq's fuel needs and he indicated that "Iraq's survival on the Financial Management Law {1/12} according to last year's expenditures is not enough

Saleh stressed that "the emergency support law will move the wheel of the economy, and its approval is a very positive matter in supporting the poor classes, as it is considered a compensatory law for the budget law, which prevented the political impasse between its approval.

Samson:  Expert : The Food Security Law prolongs the Al-Kazemi Government if one condition is met

10th June, 2022

Political analyst, Dr. Muhammad Nanaa, confirmed today, Friday, that the food security law does not represent a substitute for the budget law, but it could represent a mini budget for the remainder of 2022.

Nanaa said, in a statement to the “National News Center” that “emergency support is not a substitute for the budget because it does not address all the chapters included in the budget, but rather it is a temporary law and is suitable as a mini budget for the remainder of the current year only, provided that it approves next year a general budget for 2023 it addresses the gaps left by the current period.”

And he continued, "The support law can contribute to prolonging the political negotiations and giving the government of Mustafa Al-Kazemi a longer period, because the political pressures will also be less."

He added, "Negotiations between the political parties can be given more scope now, but all of the foregoing is subject to the failure of any political party to challenge the law before the Federal Court because submitting the appeal may mean accepting it and returning again to the same crisis."   LINK

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Tivon:  I am convinced somebody in Iraq is reading my comments. I swear I was talking about this on yesterday's thread. Which is why I stated that Kurdistan has no luck with the FSL or the budget for this year. Why because the FSL covers the below areas. This is an amazing article. Just further confirming what I have been trying to get across. Do your thing Al-Kazemi.  I am not bothered at all.

The Oil Contracts
The Oil & Gas Law
The Border Ports
Taxes & Tariffs
Land & Border Ports
The HCL/NGO
The Private Sector
Retirement & Social Security
Currency Auction Fraud
Electricity Sector
Export Revenues
Agriculture
Gold Reserves
Oil Surplus
Social Welfare
Ration Card
Private Sector

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DCDriver:  All I know is that according to Walkingstick we need to wait for an official government to be announced. That is what Frank said walking stick is waiting on. Could things have changed? Of course. This is Iraq. But I always go back to OPTICS. How would it look if Iraq came out with a pretty exchange rate when they can’t even agree on a Government? OPTICS is everything IMO OPTICS

Tivon:  Well the 15th is coming up. And of course the money matters have been settled. So if they actually want to announce a seated government along with a new exchange rate this of course will signify many things as to the International community.  

Butttttttttttt according to a legal expert Al-Sadr can be granted full authority to run the country with the "Food Security Law" backing him to execute everything the citizens have been asking for. Which is in the list I posted. Al-Sadr seems to be intent on the 15th deadline being the line in the sand. So constitutionally we will have a government from one in the current stage, or one being formed as a result of dissolution. Where Al-Kazemi will act as a defacto government. 

The legal expert, Ali Al-Tamimi, revealed the duration of the government's handling of daily affairs according to the Iraqi constitution.

Al-Tamimi told {Euphrates News}: "The Iraqi constitution talked about the term of managing daily affairs in Article 61, the eighth paragraph of the Iraqi constitution, and it was set at 30 days and not more than that in the event of a withdrawal of confidence from the government."

He added: "Also in Article 64, a second paragraph of the Iraqi constitution, in the event of the dissolution of Parliament, and here the text said, the Council of Ministers continues to manage daily affairs, and we did not specify any period for the government to manage daily affairs."

He continued: "The Iraqi constitution did not provide a definition for the concept of managing daily affairs, but the internal system of the Council of Ministers 2 of 2019 in Article 42 of it, which said that the Council of Ministers will continue to conduct daily matters until a new government is formed in the event of the dissolution of Parliament, the withdrawal of confidence from the government and the end of the parliamentary session. Here, the period for conducting daily matters was not specified in the above article.