KTFA:

MilitiaMan:  There is a convergence of things that are ongoing that suggest there are things moving quickly now.

The reduction in value of the currency on 12/19/2021 had a purpose and that purpose is over. The subject is clearly being talked about at length, that even included paying off repartitions to Kuwait and the lifting of Chapter VII sanctions.

Add in that oil has risen to about $120.00 per barrel and they are automating the provinces through AYSCUDA. The system was started to be implemented awhile back and as of this week they are implementing all provinces at the borders.

That income will be similar to and or equal to the oil revenues. All of which will support the exchange rate that will benefit the citizens.

MilitiaMan Cont…..Al – Sadr has requested that to get done more than once, just as PM Al-Kahdimi has. The advisor to the PM has stated that they need to do the same and with laws to back that up.

Well today we see the Finance Minister Allawi has submission of a draft law for that purpose today. We also see pressure applied for the 2022 budget as well, with respect to constitutional timing and laws. Notice the advisor suggests it will take a couple of weeks. Allawi apparently did it today.

Now take the political side of things and see that there is a convergence of thing that may have symbiotic relationship overall. But, the fact is the FM (GOI) is about the legality of the finance side of reforms and the CBI has the exchange rate side of things.

It is the CBI that will change the rate.

The FM will have the laws in place for the implementation of that rate once issued. 

The have the nominees for the Presidency and will have a vote tomorrow and the results may be done within three days from the the 6th of March, 2022.  Bear in mind the urgency we see from Sadr to help the citizens and without procrastination. and the quickness we witness from the finance minister today. So, they may not take the three days to show the presidency. 

With the Tripartite group having the most seats, the results will be a final nail to the coordination frame work, imo and thus, no hinderance for Sadr’s wants to benefit the citizens.

All of this is looking to be timed accordingly and with the draft law submission, it suggests to me the rate will proceed the GOI seating or at the same time, as they’ll need the new exchange rate to vote on for the HCL and to interlink the borders internally and externally.. imo..

The GOI should already be fully aware of all of this, and not play ignorant. When they do even the experts call them out on the matter.. It is show time..imo!! ~ MM

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(“Al-Sadr also called for “delivering a share of oil to every citizen according to a strict special system and without procrastination. Our demand for this has been going on for years,” calling on the Parliament and the Iraqi government to “work hard and diligently to achieve these points, each according to his powers.”)

Shankali added, “Today’s session was a clear message to all political blocs on the strength of the tripartite alliance, and its ability to proceed with its program to elect the president of the republic and form the next government.”

He explained that “today’s message from the presence of 265 deputies and the vote of 203 deputies is very clear, that the tripartite alliance project is going to form the government,” noting that “Reber Ahmed is the Kurdistan Democratic Party’s candidate for the presidency, and he is also the tripartite coalition’s candidate for the position.”

LINK

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Clarification From The Central Bank Regarding The Exchange Of The Dollar And Money Laundering

The exchange rate change came to remedy the gap between the real value of the national currency (the dinar) and its nominal value, as the dollar was calculated at a low exchange rate, which gives  A high competitive advantage for imported goods and services, which prevents the rise of the national product, while raising the exchange rate constituted a barrier to the competitive importer of the national product equivalent to the rate of change in the exchange rate (about 23%).  

 It is worth noting that the decision to change the exchange rate is a national strategic decision that is not linked to interim conditions, and that the negative results that may have resulted from it, can be avoided by financial and governmental action to support vulnerable groups and improve the ration card and not retract this important decision.  With respect.  LINK

“In economics, the nominal value is the unadjusted value of an asset without taking into account deductions and premiums, such as expenses, taxes, and inflation. The rise in the price level signifies that the currency in a given economy loses purchasing power (i.e., less can be bought with the same amount of money)..” (Raise the rate and the opposite is the effect to the vulnerable groups noted above. imo ~ MM)

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Expose the impact of the delay in approving the budget on investment projects

the former Director General of Financial Supervision, Salah Nouri, confirmed the government’s violation of the constitution regarding the delay in approving the general budget for the year 2022.
Nuri said in an interview with “Mawazine News” that “the current government was supposed to send the budget law since the ninth month of last year, according to the constitutional timing for sending the law.”

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Economic: Al Furat News} The Prime Minister’s financial advisor, Mazhar Muhammad Salih, suggested the issuance of decisions supporting the poor classes during the next two weeks.

Raghad Daham

LINK

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It includes financial support.. Finance announces the submission of a draft law to support the poorest groups

The Ministry of Finance announced, on Saturday, the submission of a draft law to support the poorest groups.

Finance Minister Ali Allawi confirmed, according to the statement, that “the draft law will be presented through the official contexts of the Council of Ministers in the coming days.”

LINK

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He revealed the reasons for adjourning the parliament session half an hour after it was held

Shafaq News / The Representative of the New Generation Bloc, Omid Muhammad, revealed on Saturday the reasons for adjourning the parliament session, after it was held in less than half an hour.
The parliament session, which was held earlier today, headed by Muhammad al-Halbousi, and attended by 265 deputies, witnessed a vote by a majority of attendees to reopen the nomination for the position of President of the Republic.

Muhammad told Shafaq News Agency, “Some political blocs did not present their candidates for membership in the parliamentary committees.”

He added that “the first deputy speaker of Parliament, Hakim al-Zamili, had asked the political blocs to submit the names of their candidates within 48 hours, to take over the 25 permanent committees in the House of Representatives.”
And Muhammad indicated, “After reopening the nomination for the post of President of the Republic, the matter will be resolved, within a period of 3 days.” LINK

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The Iraqi Parliament Publishes the conditions for candidacy for the post of President of the Republic

The statement called on, “Those who wish to run for candidacy who meet the conditions stipulated in Article 1 of the aforementioned law and referred to below, submit their written applications accompanied by official documents proving that they meet the conditions, along with their CVs, to the Presidency of the House of Representatives and deliver them during official working hours to ( The Legal Department of the House of Representatives) located at the Conference Palace headquarters, starting from Sunday, March 6, 2022 and for a period of three days.