News, Rumors and Opinions Monday 5-27-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 27 May 2024

Compiled Mon. 27 May 2024 12:01 am EST by Judy Byington

Global Currency Reset: (RUMORS)

Sun. 26 May 2024 Wolverine Live Chat: “It is Monday morning 27 May 2024. I hope you are doing alright. As I said before T1 and T2 are already finished, from what I was told. I do not know anyone in those groups. It is a process which should be finished by June 15th.

We should get good news this week. I have had confirmation that Brazil will start this week from the Central Bank of Brazil. I am hoping that by tomorrow, being Monday, that the confirmation comes to reality, and if that is true then, Reno is not that far away.

There are people saying it all starts this week. We are that close to get this done. All is quiet, and I try to find info for you, and it has not been easy.

Wolverine cont…..I do want to say, it really upsets me, that most of the gurus are out there to make money. There are good ones trying to help people get bonds and currencies so they will have great opportunities.

One must be careful from where you obtain your currencies and bonds to keep safe from unscrupulous people. Be careful scammers. That is all I have for you. Let’s see what the week brings. Take care everyone. Wolverine 

Sun. 26 May 2024 NC Chick: A banker from Brazil did a talk last week. He said Whales would be finished in a day or so and notifications have gone out to the Bond holders. He was amazed that T4B hadn’t been notified. Actually, it is the same person that tells Wolverine.

Sat. 25 May 2024 MarkZ: Two Military Contacts say before July 4, but likely way sooner than that.”…“There is high expectation from the individual Bond Holders that they will go over this weekend.”

On Fri. 24 May TNT sent out a cryptic message that the 800#s were coming out for Tier4b (Us, the Internet Group) to set redemption appointments.

A Contact at a Redemption Center said Tier4b (Us, the Internet Group) would get emails to set appointments over the weekend.

Thurs. 23 May 2024 Bruce felt it was likely that we won’t get the 800 numbers to make appointments until Tues. 28 May, and could begin exchanging on Wed. 29 May.

Sat. 25 May 2024 Wolverine: “We are defiantly close, guys. …Thurs. 6 June is D Day.

Fri. 24 May Wolverine: “From my Brazilian contact: We are waiting for an official order to release funds and payment order. This will happen at any time, please wait…as of today we have nothing official. Things are moving guys. The greatest transfer of wealth has started T1 and T2 have been completed and a very positive Mark Z message today! He’s saying he’s hearing Individual Bond Holders expecting to receive big Payments now! First time I’ve heard him talking about Individuals rather than Groups/ Platforms.”

Thurs. 23 May 2024 Wolverine Here’s a helpful update: My friend has given me permission to share information with you. Remember, she has a relative who is an MP from a Middle Eastern county and he sits on a committee that oversees the timing of the event.

Anonymous Friend: Ginger, I was just informed (by a relative in the Middle East; Ginger is hiding the location for security) that there are 7,000 payers in Tier 3 who are being paid before Tier 4B distribution goes live. This will happen over the next 10 to 14 days.

However, in the meantime the public will be prepared for many things, such as: gold-backed USN, debt forgiveness, increases in SSI, and other benefits.

Also keep in mind that the absolute back wall is the 4th of July, so a lot has to happen quickly for us to reach our day of redemption.

Tues. 21 May 2024 Unknown Source: “Banks in the USA will close on the 24th and until May 27th (Monday) they will be offline, without credit cards and without access to 24-hour banking. It will be the beginning of AES – EMERGENCY ALERT SYSTEM and on Tues. 28 May 2024, some banks and companies will no longer open.

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Thurs. 23 May 2024 Happy Welsh Guy:

Tony is quite correct the RV will happen soon, but not yet. This is what is really happening. There is a carefully, orchestrated plan in effect, that is being meticulously monitored.

Tier # 1 and Tier # 2 is currently being financially hydrated.

When this is completed to the satisfaction of the Alliance then and only then will Tier # 3 be financially hydrated.

When Tier 3 is completed to the satisfaction of the Alliance then and only then will Tier # 4 (US) the internet group be financially hydrated.

Everything is currently “On Track” and moving to expectation.

If everything continues to expectation, then Tier # 4 should be financially on or about JUNE 15th with a back wall of July 4th.

It is “NOT” going to happen today, tomorrow or this month. However, Tony is right. It will be our time soon. Nothing will stop this except for a 911 type event.

My source actually sits on a special committee formatted for the very specific purpose of the timing of the revaluation to take place.

June 15th is not that far away so remain patient and be in expectation

Fri. 24 May 2024 Goldilocks: “A Bank just told us they are going to move onto the QFS. First action date: June 21, 2024 before 3:00 p.m. MT. Second action date: June 24, 2024 for the remaining steps. It is important to note that this is just one bank’s timeline, but I can’t help from notice that this one is before the June 30th, 2024 laws that are taking effect on Crypto regulations and Stable Coins at the end of the month.”

Sat. 25 May 2024: BOOM!!! Major Bank Announces Shift to Quantum Financial System Ahead of Crypto Regulation Overhaul (Goldilocks) – American Media Group (amg-news.com)

Read full post here:  https://dinarchronicles.com/2024/05/27/restored-republic-via-a-gcr-update-as-of-may-27-2024/

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Mnt Goat  Samir Al-Nusairi, the Central Bank announced that it will launch the national lending strategy on 5/25/2024, which is a clear announcement of the beginning of the second phase of its banking reform strategy...CBI announces it has completed the first phase of it by...building solid international banking relationships with international banks and correspondent banks. Get ready….

PompeyPeter  The contracts are done in the country they're done with.  If contracts are being done with Italy, France, Germany, they're in Euros.  Great Britain, they're in pounds.  U.S. obviously dollars...When the rate changes that's when the Iqd rate to the equivalence of the local currency becomes relevant.  In other words, they're not going to be paid at 1310.

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WHY China Is Dumping Billions In Treasuries, Interest Rates SPIKE Imminent

Atlantis Report:  5-26-2024

In the big game of money and world politics, there's a huge change that's shaking up the financial world. China, a big player in the economy and one of the top holders of US debt has made a surprising move.

 They sold a massive amount of US Treasury bonds in the first quarter of this year. China's reasons are pretty complicated, but it has a serious impact.

China's recent move to dump billions in treasuries has sent shockwaves through the financial world, prompting questions about the reasons behind such a significant shift.

https://www.youtube.com/watch?v=KIrjkZST1RM

“Coffee With MarkZ” Monday Morning 5-27-2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member:  Good Morning All!! Thank you for all who have sacrificed their all and to their families

​​Member: Happy Memorial day and thanks to all of you veterans for your service.

Member: Good mornings Mark and crew!! Been a QUIET weekend on intel. Bring us something good!

Member: Mark what do you think about Iraq saying it will be in the coming days??

MZ:  It certainly is a “push” They are talking about it openly in the Iraqi news. …MilitiaMan did a good job covering this on the weekend. They are blatant on this one “The impending rate change” . They are telling us what they are doing.

Member: Maybe less talk and more action then…….Let’s Go!!

​​Member: US last for banking changes and tomorrow is our day I believe for faster payment processing? I remember May 28th date.

Member: Frank26 said the parallel market is now even with the official market and we are ready to go to 1 to 1.

MZ: That makes sense to me. We have been looking for parity in the parallel market and official market …. a number of Iraqi sources would agree with that. That is their goal before they move to their next step, which should be a substantial value change. That is according to them in the white papers and monetary reform papers. You can read it there.

Member: Even if it’s 1 to 1……that would help many right now in dire circumstances.

​​Member: I think the Dinar will eventually be between $3.80 to $3.95 value

MZ: Articles in Iraq say clearly that the dinar is going to be worth more than the US dollar.

Member: Well, with the USD only being worth about 20 cents… it wouldn’t take much for the Iraqi dinar to be worth more

Member: I read that some are saying we should go very soon possibly the 1st week of June

MZ: Nader dropped a video that is really interesting. Iraq is adding a number of other Arab banks in the country…….This is kind of a way for them to work around the US sanctions on some Iraqi banks. Its a great piece that tells us why it is so important for Iraq to get out from underneath those and have its value change. It is important ((IMO) for Iraq to move quickly on value.

MZ: I had a great conversation with a person involved with historic bonds yesterday afternoon. We have a few that are expecting spendable dollars Tuesday morning….Tomorrow morning. They were told they would have gotten it today if the banking system was open.

MZ: These are individual bond holders that are expecting access tomorrow. We should know in the morning if they disappeared (NDA) I am very hopeful about this one.

MZ: I spoke with a couple people involved with the process and cannot share the specific information – but it was very encouraging. But if what they say is accurate it could put us within days or a week or two at most of us processing and exchanging on the currency side of it.

MZ: I will try to get clearance to share a few more details in the morning but do not want to get anyone in trouble. .

Member: It would sure help knowing if this is real and happening right now.

MZ: I have some interesting news from the group side. Some are hearing nothing yet- and some are being told to prepare for some kind of announcement. I think some groups who have had “leaks” are being held to the end to make sure rumors of the timing is secure.

Member: I think we will see this happen early June for us.

MZ: I am kinda of your mindest. I think we will see solid movement before that like historic bonds…..but, it makes sense right now due to where we are in the month.

Member: Mark Z , what would  Warren buffet value of his $100 million investment be worth after he rvs? And what do you think he invested in for the rv?

MZ: he stands to make about 1.7 billion based on my math.

MZ: “The gap between the rich and poor is larger than ever and frustration is growing to dangerous levels”  This shows us why its so important to reset our monetary system.

Member: Very interesting yesterday there were 4 cars in front of my local Bank, and looked across the street and saw 4 cars in the Bank parking lot. Very odd at 2:00 in the afternoon on Sunday Holiday weekend

MZ: Today is Memorial Day and banks are closed. The chances of getting more news today is pretty slim…..so thinking of taking the night off unless there is breaking news.

Member: Much love to everyone today. - keep on being strong in this current war in which we find ourselves

Member: Lord, we are weary, BUT we are ready !! Strengthen our resolve to help make this the world you wanted for us! Lift us up & bless your faithful to go out & be beautiful examples of unconditional LOVE!

GOD BLESS OUR MILITARY ALLIANCE AND VETERANS AND FAMILIES WITH LOVE AND GRATITUDE

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

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Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL TOMORROW 10:00 EST ~ UNLESS BREAKING NEWS HAPPENS!

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=IX5_YgqVEbg

Iraqi Dinar Today Video Update Sunday Afternoon 5-26-24

Iraqi Dinar Today Video Update Sunday Afternoon 5-26-24

US Bank Released Vietnamese Dong New Exchange Rate $4.33 USD – 4:11

Citibank IQD Revaluation Date & Time Revealing Done – 4:14

Its Massive rate Iraqi Dinar Set 3.91$ New Exchange Rate – 3:43

Significant Update Vietnam Dong & Iraqi Dinar Investor RV Done – 3:48

US Bank Released Vietnamese Dong New Exchange Rate $4.33 USD – 4:11

https://www.youtube.com/watch?v=n7wASnOfqPE

Citibank IQD Revaluation Date & Time Revealing Done – 4:14

https://www.youtube.com/watch?v=gJ00xceGC-g

Its Massive rate Iraqi Dinar Set 3.91$ New Exchange Rate – 3:43

https://www.youtube.com/watch?v=v_vpPJScy-E

Significant Update Vietnam Dong & Iraqi Dinar Investor RV Done – 3:48

https://www.youtube.com/watch?v=vAAM51l64nM

Currency Insider Video Update Sunday Afternoon 5-26-24

Currency Insider Video Update Sunday Afternoon 5-26-24

Iraqi Dinar Shocking It’s Big News Update – 2:30

Vietnam Dong It’s Massive Change – 2:16

Iraqi Dinar Rate Update It’s Higher – 2:26

 Iraqi Dinar Shocking It’s Big News Update – 2:30

https://www.youtube.com/watch?v=1NZGH_t649o

Vietnam Dong It’s Massive Change – 2:16

https://www.youtube.com/watch?v=hfEajO1AX20

Iraqi Dinar Rate Update It’s Higher – 2:26

https://www.youtube.com/watch?v=9xer1VHMzQ0

More News, Rumors and Opinions Sunday Afternoon 5-26-2024

Next 6 Months Completely Insane – Bill Holter

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Back in August of 2023, precious metals expert and financial writer Bill Holter predicted there was a long list of financial trouble coming to America. [The rest of this paragraph has been redacted]

Holter goes on to add, “We have an election coming up, and I still believe there is less than a 40% chance that we even have an election. From a financial standpoint, you have commercial real estate that is imploding. You have bank deposits that have fled the banking system. You have the financial system really on the rocks. . . .

Somebody had better start cutting rates because just in the past six months, China’s debt growth has turned negative, and so has their money supply. That is a recipe for complete disaster in an over-leveraged system.

It’s not just China, it’s the whole world. The whole system is over-levered. Somebody had better cut rates to inflate; otherwise, Richard Russell’s ‘Inflate or Die’ comes into play.”

It seems the Fed is freaking out over interest rates. The Fed is not talking about cutting, it’s talking about raising rates in its last meeting. What’s going on with the Fed? Holter says,

“They are fearful of a fiat collapse.

They will more than likely cut rates, and then $15 a gallon gasoline and $25 for a cup of coffee is going to become a reality. In the intermediate to long term, interest rates are going to explode. . . . Interest rates need to be much higher to support fiat currency.”

Holter also predicts that gold and silver have already broken out to the upside and will be going much higher in price. Holter is especially bullish on silver after it broke through $30 an ounce, which it has not done for a decade. Holter says, “I think silver is more important than gold because silver is the fuse for gold. Silver is a tiny market compared to gold. The gold market is 10 times bigger. . . .They are losing control of silver . . . .

 If they want to keep gold under control, they better keep silver under control. The Achillies heel to all fiat currencies is gold. Again, if they want to keep gold under control they damn well better keep silver under control because silver is the fuse to the gold market.”

Holter thinks both gold and silver are going much higher in 2024 and beyond, and this is the breakout year for both.

There is much more in the 44-minute interview.

Join Greg Hunter as he goes One-on-One with financial writer and precious metals expert Bill Holter for 5.25.24.

https://rumble.com/v4xaubt-next-6-months-completely-insane-bill-holter.html

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man  If they change the value of their currency they're going to have more surpluses...The oil price is about $70 in the 2023 budget.  That hasn't changed for '24 or '25 because that's a tripartite budget.  They got a surplus.  Oil is somewhere around $80.  It's been as high as $91ish.  The expectations of oil is to be somewhere in the neighborhood of $80/$90 and they even talk about $100/barrel...Iraq is going to be sitting pretty good...They have phosphates...sulfur...natural gas...Those non-oil revenue streams...taxes and tariffs are going to come online...Iraq has a good foundation for Alaq to do what he's supposed to do.

Bruce   [via WiserNow]  ...We have Memorial Day on Monday -- It looks like we probably will not get...the 800 numbers to call in until Tuesday -- when everybody's back at the redemption centers back to the call centers. I believe we're gonna get those on Tuesday and exchange if we get them early enough, either on Tuesday afternoon or on Wednesday...That's where I've been led from these sources that we have.

Iraq iqd sanction

Nader: 5-26-2024

https://www.youtube.com/watch?v=xbMToInWoA4

SPECIAL REPORT Iraq Regaining Sovereignty Central Bank of Iraq Milestone

Edu Matrix:  5-26-2024

Iraq Regaining Sovereignty Central Bank of Iraq Milestone.  UNAMI Mission Ending—Iraq Regaining Full Sovereignty.

The CBI reaches cash sales of more than $252 million in one day. How the auctions help keep the Iraqi economy safe.

https://www.youtube.com/watch?v=jr76haGXRrU

Iraqi Dinar Today Video Update Late Saturday Evening 5-25-24

Iraqi Dinar Today Video Update Late Saturday Evening 5-25-24

Congratulations Us Treasury Confirmed Revaluation – 3:47

Officially Announced Finally RV Done – 4:14

Telephonic Connect , Biden & Al-Sudani  FInally Confirmed IQD Revaluation – 4:03

Al Sudani Big Announcement About Iraqi Dinar On Forex Market – 2:24

Really , Finally You Can Exchange Your Old Dinar In Citi Bank – 4:14

Congratulations Us Treasury Confirmed Revaluation – 3:47

https://www.youtube.com/watch?v=QfyBLPEb9x0

Officially Announced Finally RV Done – 4:14

https://www.youtube.com/watch?v=He_wDb9KWig

Telephonic Connect , Biden & Al-Sudani  FInally  Confirmed IQD Revaluation – 4:03

https://www.youtube.com/watch?v=giu6PfwdhWY

Al Sudani Big Announcement About Iraqi Dinar On Forex Market – 2:24

https://www.youtube.com/watch?v=uj5kU5YSSbA

Really , Finally You Can Exchange Your Old Dinar In Citi Bank – 4:14

https://www.youtube.com/watch?v=W0f6mLgJPvg

News, Rumors and Opinions Sunday AM 5-26-2024

KTFA:

Frank26:  "ALL THE PARTS OF THE MONETARY REFORM ARE SNAPPING TOGETHER IN ITS SECOND PHASE".............F26

Iraqi fintech ZainCash goes live with Temenos

Robert Prendergastb  Thu, May 23, 2024

Temenos has announced that ZainCash, a payment service provider in Iraq, has gone live with Temenos core banking and payments to power the growth of its digital payment services.

The successful implementation aligns with the strategic goals of the Iraqi government and the central bank to boost financial inclusion and expedite the digital transformation of the national economy. It positions ZainCash to expand its operations more effectively, elevate the customer experience, and swiftly introduce new products.

ZainCash has rapidly expanded, achieving over 1.2 million app downloads. ZainCash enables users to make quick and easy local and international transfers, pay local merchants and government services, manage funds with a convenient multicurrency card (physical or virtual), as well as enjoy a variety of bonus features like digital vouchers.

ZainCash’s network of 10,000 agents ensures these financial services are available everywhere in Iraq

With Temenos, ZainCash has brought together its core banking and payments capabilities on Temenos’ flexible, composable banking platform, which enables easy integration with existing internal systems, as well as with the Central Bank of Iraq. The robust, agile platform will enable the company to scale quickly to meet growing consumer demand as it seeks to reach 3 million users by the end of the year.

ZainCash will use Temenos’ modern technology architecture with open APIs, to quickly launch a range of new services, including instant lending, and provide customised products for specific groups, such as families and students. It will also offer a digital and seamless onboarding process resulting in an improved user experience.

The Temenos platform will help ZainCash to continue widening financial inclusion by extending convenient digital financial services to more communities, including Iraq’s large unbanked population.

Yazen Altimimi, CEO, ZainCash, commented: “Temenos’ open and agile banking platform allows us to innovate and scale at speed, delivering a world-class payment experience that meets our customers’ growing needs and expectations. With Temenos, we can more easily expand our product range and provide more personalized services as we continue to lead the way in making payments safer, simpler and more convenient for all Iraqis.”

"Iraqi fintech ZainCash goes live with Temenos" was originally created and published by Electronic Payments International, a GlobalData owned brand.   LINK

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Frank26:  "NOT AT A PROGRAM RATE TOOPIT!!!"............F26

Al-Sudani: We have financed 10 projects in Najaf Al-Ashraf with a value of 555 billion dinars LINK

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Frank26:  "BEFORE THE 9TH!!!".............F26

A Sudanese advisor expects Parliament to approve the budget schedules before Eid... and warns against delay

5/23/2024

Mazhar Muhammad Saleh, financial advisor to Prime Minister Muhammad Shiaa al-Sudani, expects the House of Representatives to approve the financial budget schedules for 2024 before the Eid al-Adha holiday, which falls in the middle of next June.

Saleh told {Al-Furat News} agency, “It is noted that the level of coordination and harmony between the legislative and executive authorities will accelerate the House of Representatives’ approval of the financial schedules for the year 2024, in implementation of the provisions of Article 77/second of the Federal General Budget Law (Tripartite) No. 13 of 2023.”

He added, "What we expect is that the House of Representatives will approve the aforementioned financial schedules before the Eid Al-Adha holiday at the latest, and according to what some members of the House of Representatives noted."

Saleh noted that "the delay affects the movement of investment spending for new projects that the government planned to promote and in accordance with its ministerial program to serve the achievement of the goals of sustainable economic development in our country."

The Council of Ministers approved, in an extraordinary session last Sunday, the 2024 budget schedules, while the House of Representatives secretariat announced yesterday that it had received the schedules.

The Parliamentary Finance Committee began discussing the budget schedules, with expectations that it will be voted on before June 9.

A member of the Parliamentary Finance Committee, Alaa Al-Haidari, stated in a press statement that “Parliament has the powers to pressure spending and transfer funds, and this is linked to opinions regarding the schedules of service allocations to the governorates,” indicating that “the Council extended its legislative recess while awaiting the budget schedules, and the remaining time period of the month that Parliament extended.” Sufficient, and we expect that the budget will be voted on before the ninth of next June.”

The head of the Finance Committee, Atwan Al-Atwani, explained in a press statement that the committee “held continuous meetings to discuss the 2024 budget schedules and study financial policy,” explaining that it “will host the Ministers of Finance and Planning to discuss current and investment expenditures and budget paragraphs related to securing the necessary needs of the citizen, contracts, and appointments.” .

Raghad Dahham    LINK

Courtesy of Dinar Guru:  https://www.dinarguru.com/

RayRen98   [via Babysmom]  "US BANK STAFFERS HAVE RECEIVED MEMOS INDICATING TO BE PREPARED AN INFLUX OF CUSTOMERS HAPPENING SOON"

MarkZ  [via PDK]   I am seeing rates of somewhere between $3.81 to $3.91 from a number of contractors working in Iraq. They are working on infrastructure - everything from hospitals to power grid to roads etc... And I am still thinking it will be $2 something on the dong. I hope I’m wrong and my contacts are right and it’s closer to the $3 mark.

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BRICS NEWS: New Central Bank, Currency Update, Dedollarization and Focus on Africa

Lena Petrova:  5-25-2024

https://www.youtube.com/watch?v=uwgcjYIVKPI

Iraqi Dinar Video Update Late Saturday Evening 5-25-24

Iraqi Dinar Video Update Late Saturday Evening 5-25-24

Wells Fargo Bank Announced To All Investor's – 4:45

WOW Donald Trump Surprise Announced IQD RV – 4:17

WOW Iraqi Dinar Going Revalue Huge Exchange Rate – 3:39

Iraqi Dinar Set 3.91$ New Exchange Rate – 3:19

raqi Dinar Emergency Exchange Rate – 4:16

Wells Fargo Bank Announced To All Investor's – 4:451

https://www.youtube.com/watch?v=lTt0YYBEpDE

WOW Donald Trump Surprise Announced IQD RV – 4:17

https://www.youtube.com/watch?v=b4DLXzbnzhI

WOW Iraqi Dinar Going Revalue Huge Exchange Rate – 3:39

https://www.youtube.com/watch?v=cVZ2kB6-BEA

Iraqi Dinar Set 3.91$ New Exchange Rate – 3:19

https://www.youtube.com/watch?v=9u9vyC_xXoE

Iraqi Dinar Emergency Exchange Rate – 4:16

https://www.youtube.com/watch?v=kJ6_LkQ-BBU

More News, Rumors and Opinions Saturday PM 5-25-2024

KTFA:

Clare: Ministry of Planning: More than 41 trillion dinars is the amount of money available to the governorates in 2024

  5/25/2024

Today, Saturday, the Ministry of Planning revealed the total financial allocations and amounts available to the governorates during the current year 2024.

The Ministry explained, in a statement, a copy of which was received by {Al-Furat News}, that: “The allocations of the Regional Development Program and the undisbursed amounts, of which the amount of the remaining funds for the year 2023, registered as deposits with the Ministry of Finance, amounted to (6,947,433) trillion dinars, in addition to the remainder of Food security restricted deposits in the governorates (5,824,403) trillion dinars, totaling (15,875) trillion dinars, and this amount is added to the size of the investment allocations to the governorates within the 2024 budget submitted to the House of Representatives, amounting to (3,103,158), noting that these allocations include a development program Territories, petrodollars, anti-poverty, and loans.

She added, "In addition, what was allocated to the projects of the federal ministries that are implemented in the governorates, excluding the region, amounted to (38,421) trillion dinars, and thus the total amounts available to the governorates reach (41,524) trillion dinars."

The Ministry stressed that, “Based on the above, the comparison that appeared in the media, between the regional development allocations for the governorates, and the total investment spending for the Kurdistan region, is an incorrect comparison. Rather, the comparison should have been made between the total investment spending for the governorates coming from investment spending.” for the ministries, which amounts to (41,524) trillion dinars), and what has been allocated in the total investment spending for the region, which amounts to (4,875) trillion dinars,” stressing “the government’s commitment to the percentage allocated to the region, in all sections of spending.”

She pointed out, “Based on the Tripartite Budget Law (2023-2025) and the Financial Management Law of 2019, unspent amounts are recorded as deposits with the governorates or the Ministry of Finance, and local governments can spend them on projects in accordance with the mechanisms approved in this aspect, and these amounts are added to the allocations.” The financial allocations allocated to the governorates within the 2024 budget,” noting that “there are other amounts that will be allocated to the governorates, coming from the revenues of the border crossings, as most of the governorates enjoy this advantage, with the presence of land, air, or sea ports in them, as well as the financial allocations allocated to the funds in their various specializations, which are Funds for the reconstruction of Dhi Qar and Sinjar, the affected areas, and support for the poorest areas, amounting to about (2) trillion dinars.”

The Ministry added, “The indicators proven during previous years indicate that the highest percentage of spending for the governorates did not exceed more than (4.2) trillion dinars, during the year 2022, as the spending was made according to the actual work peaks with no budget approved in that year, and therefore the presence of... Of this large cash mass, available to the governorates, the spending units will not be able to spend more than 30% of it at best, according to the executive capabilities of the governorates.”

She stated, “The directives of Prime Minister Muhammad Shiaa Al-Sudani were always supportive of the efforts of local governments, enabling them to fulfill their financial obligations, complete their basic projects, and include new projects, noting that the House of Representatives transferred (4.7) trillion dinars in the budget.” Last year, 2023, from the Ministries of Electricity and Oil, to the governorate budgets in Table (E) as additional amounts to what the government allocated at the time, which was (5.2) trillion dinars, which forced the government and Parliament to borrow and set texts to add allocations to cover the transferred amounts, which increased the deficit resulting from this procedure".

The ministers confirmed that “the apparent differences in the allocations to the Kurdistan region include the sovereign investment budget, including licensing rounds for the Kurdistan region, amounting to (2.7) trillion dinars, which will not be spent to stop the export of oil from the region, according to the decision of the Federal Court, and that disbursement to the Kurdistan region is conditional on the export of oil by ( SOMO) and hand over the region’s oil imports to the Ministry of Finance.”   LINK

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Clare: Government breakdown of 2024 budget schedules: Spending will contribute to reducing the deficit

5/25/2024 Baghdad

The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Saturday, that the variables of the financial tables conform to the constants of the tripartite budget, while indicating that the spending pattern will contribute to reducing the deficit.

Saleh said, “The announcement of the financial schedule variables for the year 2024 was in accordance with the constants adopted by Law No. 13 of 2023, the Federal (Tripartite) General Budget Law, especially with regard to the hypothetical deficit, which amounts to approximately 64 trillion dinars.”
He explained: “There are important trends in the management of the public budget, whether in addition to public expenditures, as the spending ceiling reached 211 trillion dinars, or revenues and deficits.”

He pointed out that "oil prices are still higher than their estimates in the tripartite budget of $70 per barrel, with a positive change rate of more than 16 percent above the approved price, and we are approaching the middle of the fiscal year while maintaining the export rates approved in the budget and managing oil production efficiently and accurately." “In accordance with international agreements with OPEC regarding control over production quotas.”

He added: "There is high discipline in maximizing non-oil revenues, especially tax and customs revenues, specifically after adopting automation, modern methods and information technology in tax and customs assessment, estimation and collection." 

He pointed to "striving to impose discipline on operational expenditures and keep spending on them within acceptable minimum limits, in addition to ensuring that the efficiency of investment spending and the operation of all approved projects is increased, in order to ensure a high growth rate in the gross domestic product at a rate exceeding twice the rate of population growth, by launching the project movement." New without delay or stop.

He stressed that “the pattern of public spending, in accordance with the schedules announced, is characterized by accuracy, objectivity, and self-savings, which contributes to reducing the resort to financing the actual deficit, even when needed, through internal borrowing and within limits that ultimately do not exceed the accepted international standard percentage for financing the deficit, which amounts to 3 percent.” of the country's total gross domestic product. LINK

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26  Question: "What is the price of a bottle of Coke in Iraq?"  Way too much and that's why the prices are being adjusted and a new exchange rate will come out to match the new or lower denominations.

PompeyPeter  If for one second the new rate had been shown the Council of Ministers, the parliamentary Finance Committee or the House of Representatives we would have heard them singing and dancing and cheering from Iraq.  We certainly would have seen it from the CBI first.  What happened then?  ...As they've said, the amendments were viewed and passed by the Council of Ministers, the amendments of the 2024 budget were then passed to HOR via the Parliamentary Finance Committee...We definitely know the rate hasn't been exposed.

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The Recent Stock Market Highs Are Really Just LIES...

Lynette Zang:  5-25-2024

Today we is a breakdown from this week's livestream talking about how the stock market highs are meaningless because it's all a giant LIE...

https://www.youtube.com/watch?v=6KcTY8W6MXo

Iraqi Dinar Video Update Saturday AM 5-25-24

Iraqi Dinar Video Update Saturday AM 5-25-24

Wells Fargo Gives Green Signals For IQD RV – 4:03

Iraqi Dinar Ready For Revaluation – 5:51

Iraqi Dinar Floating Exchange Rate – 4:06

It's Massive CBI Big Statement About IQD RV - 5:34

Wells Fargo Gives Green Signals For IQD RV – 4:03

https://www.youtube.com/watch?v=8cbDQCcHi1Y

Iraqi Dinar Ready For Revaluation – 5:51

https://www.youtube.com/watch?v=ZOIfVV9n9b0

Iraqi Dinar Floating Exchange Rate – 4:06

https://www.youtube.com/watch?v=N_defaD3vKQ

It's Massive CBI Big Statement About IQD RV – 5:34

https://www.youtube.com/watch?v=hDoewX2Fwzg

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Currency Insider Video Update Saturday AM 5-25-24

Currency Insider Video Update Saturday AM 5-25-24

Iraqi dinar Surprising Update – 1:49

Iraqi Dinar Holder Be Happy Now – 1:03

Iraqi Dinar Start Floating – 2:14

 Iraqi dinar Surprising Update – 1:49

https://www.youtube.com/watch?v=jogwYU5QViw

Iraqi Dinar Holder Be Happy Now – 1:03

https://www.youtube.com/watch?v=DcwSbMrJnTw

Iraqi Dinar Start Floating – 2:14

https://www.youtube.com/watch?v=uTm3vtxMHUA