KTFA::

TIVON:  Listening to the call (Monday Night KTFA CC) I presume given that both the Food Security Law & The 2022 Budget Law share a rate that can be allocated to areas of projects and investments by tapping into the savings/reserves once the F.S.L. is voted on can utilize or disseminate the Ration Cards among the citizens. As both are considered by Mazhar legitimate legislation. 

And they the citizens can receive "Purchasing Power" prior to the government being seated since it was stated it (FSL) can hold them over until the 2022 Budget is open.

 If I am correct in that assessment I anticipate that a final vote of the F.S.L. will be the catalyst to reinstate the exchange rate even before the formation of the government is what I take from the information as of late.

Tivon Cont….Why? Because a parliament member commented on why they were willing to forego the 2022 Budget temporarily all together if they pass the F.S.L. so the citizens can afford basic necessities while they figure out who will be a part of the government.

So with that said I personally expect that a rare should be revealed shortly after the session tomorrow when they pass the F.S.L.. If anyone disagrees please tell me what's your perspective on this topic. Because aren't they using the surplus from oil to finance both Food Security & The 2022 Budget?

I remember the three main areas were...
Food Security
Poor Classes
Investment Projects

So with that said and how tomorrow will shape up could be two separate events that collide or conjoin concurrently in unison one action towards releasing a new exchange rate once the 2nd/3rd Reading is done on the F.S.L..

This is what gives it it's excitement and anticipation as to the results of the session tomorrow. They found a way to work around the political blockage that Al-Zamili stated was not causing obstruction to get things done in a legislative manner that brought us to where we are now.

I do not see how this week is shaping up to slow down anything forthcoming in regards to the entitlements the citizens have waited for long enough. IMO  

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Samson:  Finance Committee: The proposal for the emergency support law will be passed by a majority

30th May, 2022

Monday, the Parliamentary Finance Committee confirmed that the emergency support law will be passed a week after the second reading, while noting that the Ministry of Health requested the allocation of 1.3 trillion dinars to its budget within the law.

A member of the committee, Sattar al-Atabi, said, "The committee hosted stakeholders regarding the proposal for the emergency support law," noting that "the members of the committee are determined to discuss the provisions of the law until it is properly matured." He added, "We are trying to pass the law within a ceiling of 25 trillion dinars," noting that "there are no obstacles or impediments regarding the law."

He continued, "The Ministry of Health requested the allocation of 1.3 trillion dinars to its budget within the emergency support law," noting that "the law will be presented tomorrow for the second reading and will be voted on a week after the completion of the second reading."

And he indicated that "the law will be passed by a majority of two-thirds of the members of the House of Representatives," warning "some political parties against putting the law into the political conflict."

LINK

TIVON:  The Ministry of Health requested the allocation of 1.3 trillion dinars to its budget within the law. Very key statement made here as you look back on the multiple articles stating Food Security Law & 2022 Budget are synonymous.

 The request should imply that the allocations will also go towards the Ration Cards as well which is VISA/Master Card which would require a rate if citizens are looking to afford food, products, and services due to the high prices if I am not wrong on the assessment given that all of this will come from the Oil surplus?

 But do they have to release the exchange rate to utilize that surplus is the primary question I hope can be answered soon now that it is a week out from passing.

Because after all isn't this "The Big Cheese" in terms of funds avaliable within the law? What investment projects in Iraq that will generate income? If so shouldn't this income come with "Purchasing Power"?

Aren't certain members of the government looking to pass laws without the formation of the government? Would the Food Security Law qualify? If so why not the 2022 Budget which Al-Kazemi could have legal grounds to pass if granted the authority. Oil & Gas Law should also go down the same route.    IMO

Samson:  Parliamentary Finance announces the allocation of 10 trillion dinars for the development of the regions within the emergency support

31st May, 2022

Today, Tuesday, the Parliamentary Finance Committee announced the allocation of 10 trillion dinars for the development of the regions within the law of emergency support for food security and development

Committee member Ikhlas al-Dulaimi told the Iraqi News Agency (INA): "The committee hosted the committees of the regions and the migration and the displaced to find out the needs of the provinces, regions and the displaced," noting that "the emergency food security support law allocated 10 trillion dinars for the development of the regions, except for the petrodollar

She added that "the law did not allocate any funds to immigration and the displaced," stressing the need to "find financial allocations to the displaced within the emergency support law because the camps suffer from major problems

And she added, "The law can change completely or some of its parts after the second reading, and there are observations made by committees and specialists," explaining that the law is preliminary and will be discussed and amended during the upcoming sessions 

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TIVON

1.) Will the "Food Security Law" create "Purchasing Power" for citizens?

2.) Will the rate change occur once the F.S.L. is voted on and passed?

3.) Do we have to wait for the Oil & Gas Law to see a new exchange rate?

4.) Do we have to wait until the 2022 Budget is open to see the reinstatement of the Dinar?

5.) Do we have to wait for the formation of the GOI in order to see the release of the new small category notes?

6.) Do we have to wait until the ATM machines are set up locally/Internationally in order to see the rate on the Forex Market?

7.) Is Iraq waiting for the Gold Standard so they can peg the Dinar to precious metals? 

These are the lingering questions that some ponder about in the midst of all of the political jargon as we march towards another month without none of the above occurring thus far. How close are we really?  The summer is now upon us as the saga of the Iraqi Dinar continues. What will be in store for us this coming June?    IMO

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GodLover:  I will try to answer these questions imo

1) No imo. The FSL was created to be used to give their citizens immediate relief until the 2022 budget is passed & opened. The FSL is synonymous (similar) to the 2022 budget, because it has a budget of it's own. As well, the FSL has money set aside from oil rise surplus to fund the FSL. I think the FSL is good for the citizens in the short term, but it takes away from the 2022 budget.
2) Again, no, I don't think that is realistic.
3) I would hope the oil & gas law gets worked out in time prior to the 2022 budget opening. As far as it being required prior to a rate change, it would certainly be beneficial to their citizens.
4) Yes imo. The FSL & the 2022 budget are separate animals, but are similar (synonymous) because they both have a budget.
5) Certainly a new GOI is needed imo. Or for the current to be given full authority. As far as the NSCN's, I would think they would be released simultaneously with the MR or shortly after. Prior to the monetary reforms release would be pointless.
6) Honestly, I would think the ATM's would not be an issue
7) As I have said before, when Iraq is ready.....it will happen. 

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TIVON:  I couldn't post my last few questions as this last one is the wildcard given it hasn't been defined as a priority just yet. And that is the "Citizens Entitlements".

 What falls under this? Because this is also apart of the Food Security Law. Is it the Oil & Gas? Purchasing Power? Because this puts all those other questions in perspective. The final vote is a week out. What will they add to the law that will warrant a rate change that is conducive to the entitlements the citizens are seeking?

They stated that  The House of Representatives assessed the criticality of the financial situation and the need to provide the necessary funding to address basic expenses and aspects that directly affect the livelihood of the citizen and the food basket, support for strategic storage and the poor classes, in addition to paying the dues of farmers and farmers in order to support the local product and reduce dependence.

What would this require if they are speaking on the livelihood of the citizens? What is the one thing that can produce a daily advance towards a stable life for an Iraqi? The Oil & Gas Law right? Well if that is a yes this would fall under the Food Security Law.

Didn't they state they are trying to pass laws without a formation of government? Because at this point the formation of a government is a formality and not a requirement. Because some in parliament and the House of Representatives do not see it as a priority to get things done on behalf of the citizens.

The Finance Committee is looking to revitalize the entire economy with the FSL. How can they begin to do this without a 2022 Budget? Someone seems intent on using the FSL to accomplish many things. Including a rate change.  IMO.

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Samson:  Deputy: We are studying passing laws without waiting for the formation of the government

31st May, 2022

A member of the "Save the Homeland" coalition, MP Ahmed Mazhar al-Jubouri, said on Tuesday that alliances are still suspended and dialogues are "frozen", and there is nothing new in light of the political blockage.

Al-Jubouri added in an interview with the official "Al-Sabah" newspaper, which was followed by Mawazine News, "In parliament, we have started studying options for passing laws without waiting for the formation of the government."

He explained, "If the problem is to dissolve parliament, we are ready for the constitutional text, and the parliament must dissolve itself, and thus represent the will of the Iraqis, and when there are real popular demands, we are ready to go in this direction."

Al-Jubouri indicated that "the Alliance to Save a Homeland was determined from the first moment to achieve a national project that differs from the old projects, or to start an initiative that there would be a majority government plus a constructive national opposition, not a destructive one."

He continued, "Therefore, if the Alliance to Save a Homeland is on one side, it is not a problem, because it aspires to be a political project and not an electoral project for the president of the republic or the formation of the government."  LINK

TIVON:  Could they be referring to the "Oil & Gas Law"? Hmmmmmm. Because I am positive you will have antagonist forces stiff arming this movement to get the HCL going. Hopefully this is not another fight we have to sit through as we wait out a week for the Food Security Law to pass.  IMO