KTFA:

Turk182:  With Financial Experts in Iraq, calling for the Adoption of the Slogan (OUR DINAR) in all News Media outlets. Makes one wonder.  

With the Instructions for the Tripartite Budget now being Officially Published in the Gazette this past Monday (08/07/2023) one could liken that to the Iraqi Government holding out an Ice Cold SNO-CONE in front of the Iraqi Citizens, as they sit in 110 Degree Weather.  Just teasing them with this, knowing full well they must give this Sno-Cone to the Citizens before it melts all down their arms.

I would suspect that the CBI revalues the Rate of the Iraqi Dinar to roughly $ 1.00 USD to $ 1.00 IQD within the coming days.  (With the Publishing of the Tripartite Budget Instructions now Official) Numerous Long Overdo Project that are in the Tripartite Budget have no been kicked into high gear, and have begun.

KTFA:

Margarita:  just to be positive instead of a negative nancy....a few articles have said budget implementation this week.  will the new exchange rate of 1 to 1 be in it?  lets hope so.

Ryan1216:  Great viewpoint Margarita. Let’s just stay positive. It’s so close and we’re right at the very end. This is a go any moment now. IMO

Clare:  The tripartite balancing instructions come into effect

8/7/2023  Baghdad

Today, Monday, the Iraqi Al-Waqa’i newspaper published the tripartite budget instructions that have entered into force.

"The instructions of the tripartite budget law have been published in the Official Gazette," said Hanan Munther Nassif, director general of the Iraqi Gazette.

She added, "The instructions have entered into force."  LINK

KTFA:

Clare:  Parliamentary investment calls for questioning those responsible for the "chaos" rising dollar

8/4/2023

 A member of the Parliamentary Investment Committee called for questioning those responsible for the high exchange rate of the dollar

Asaad Al-Bazuni told {Euphrates News}: "The Finance Committee hosted several times the governor of the Central Bank to discuss the issue of the rise in exchange rates of the dollar, and that the issue of dealing with the rise in exchange rates requires remedies for the chaos that accompanies the rise in exchange rates."

And he stated, "This is the responsibility of the competent parliamentary committees, so we must move towards hosting or interrogating the concerned personalities to see clear plans and practical solutions to this matter."

KTFA:

Clare:  The State Council announces the completion of the audit of the 2023 budget instructions

The State Council announced today, Tuesday, the completion of the audit of the tripartite budget.

A brief statement by the State Council, received by Shafaq News agency, stated; The process of checking the instructions for implementing the Budget Law for the years 2023-2024-2025 No. (13) for the year 2023 took place in the presence of the Minister of Finance, the Ministry of Planning, and the relevant authorities, for the purpose of facilitating the procedures for implementing the aforementioned law.

 On Monday (June 12), the Iraqi parliament voted on the federal budget law for the years 2023, 2024, and 2025, after discussions that lasted for five days.

KTFA:

Clare:  World Bank: Iraq is witnessing a strong recovery

7/31/2023 Baghdad

Today, Monday, the World Bank confirmed that Iraq is witnessing a strong recovery after years of turmoil.

"Iraq is witnessing a strong recovery after many years of turmoil," Jean-Christophe Carré, Regional Director of the Middle East Department at the World Bank, said in a statement.

Carre added, "It is necessary to take measures to accelerate the move towards diversification of economic activity."

He continued, "The importance of reforming the banking sector and promoting digital financial services in order to increase financial intermediation activities and enhance financial inclusion." LINK

KTFA:

Clare:  After Baghdad .. Sulaymaniyah is a second station for the international financial center of Iraq

7/26/2023

 Today, Wednesday, Al-Madina International Center for Finance and Business held a meeting in the city of Sulaymaniyah, Kurdistan Region, in the presence of a number of businessmen and specialists in economic affairs to convey its financial vision.

A member of the committee supervising the establishment of the city center, Sherwan Anwar, said in an interview with Shafaq News Agency, "With the aim of transferring the vision of the center from the capital, Baghdad, to Sulaymaniyah, and then to some Iraqi governorates to secure a safe economic environment, this expanded meeting was held today, in the presence of members of the Securities Commission and the Stock Exchange. Iraq Securities.