DELTA: I LOVE IT....ALL OVER THE NEWS IN IRAQ....
"IRAQ IS CLOSING IN ON A MAJOR ECONOMIC BREAKTHROUGH"
MORE GOOD NEWS..."free-trade zone will be established between Saudi Arabia and Iraq"
Samson: **** Example as per Delta's post
Rapprochement with KSA to serve Iraqi economy: MP
7th April, 2019
Iraqi Parliament Member of the Committee of Economy and Investment Nada Shaker said Sunday the recent developments in Iraqi-Saudi relations are not only based on trade exchange only, as the investment opportunity will serve Iraq’s economy.
She said the agreements between the two countries will result in the creation of 186 investment projects in Iraq in various economic sectors.
This will create thousands of job opportunities for the unemployed, as well as fill the local need of goods consumed and reduce imports, and thus Iraq will become a producer country.
For his part, member of the Parliamentary Committee on Services and Reconstruction Mudar Khazaal affirmed that Iraq is closing in on a major economic breakthrough thanks to the developments in relations with neighboring countries.
Iraq has provided around 186 investment opportunities to Saudi companies during an official visit by a Saudi economic delegation to Baghdad on Wednesday and Thursday.
Saudi Minister of Commerce and Investment Dr. Majid bin Abdullah Al Qasabi has said during a press conference that a free-trade zone will be established between Saudi Arabia and Iraq.
He further pointed out to the foundation of a joint Saudi-Iraqi business council to exchange investment opportunities between the two countries, which will be signed during Iraqi Prime Minister Adil Abdul Mahdi’s upcoming visit to Saudi Arabia. LINK
Chappy86: Delta is right to put this out as a country cannot have major economic breakthroughs without good relationships with and the confidence and trust of one's neighbors.
Doc.K: IMF 2020 Fiscal Year begins May 1, 2019
" Article 3 First, the Minister of Finance starting from the month of March of each year a report on the priorities of fiscal policy, strategy and the government program and the central recommendations of the trends of the federal budget of the State in terms of elements and size and distribution functionally and sectorally in addition to the foreign exchange report proposed by the Central Bank for a period of (3) Three years or more and submit it to the Economic Affairs Committee of the Council of Ministers at the beginning of May of the same year.
Popeye7: A rate needed before then... IMO... Hold fast guys...
DocK: YES, IT IS THE END OF THE IMF FISCAL YEAR.
IRAQ SUBMITS IN THE BEGINNING OF THE IMF 2020 FISCAL YEAR .
Iraq needs to FOLLOW IMF RULES and SUBMIT Financial Inclusion Report to IMF in the month of May.
Financial Management Law
Article 3 First, the Minister of Finance starting from the month of March of each year a report on the priorities of fiscal policy, strategy and the government program and the central recommendations of the trends of the federal budget of the State in terms of elements and size and distribution functionally and sectorally in addition to the foreign exchange report proposed by the Central Bank for a period of (3) Three years or more and submit it to the Economic Affairs Committee of the Council of Ministers at the beginning of May of the same year
Accounting purposes : If we have multiple currencies to RI/RV in the 1st basket, when is it the most logical to do it ? imo..
All countries listed below have a fiscal yr of the calendar yr.
We can see they did this during the MONTH of beginning or middle of fiscal year.
(Few are an exception, like Kuwait............ which wasn't tied to other currencies.)
Doc.K: DATES LISTED ARE THEIR CURRENCY REBASING OR REDOMINATION .
Zambia Jan. 1 2013
We see Argentina did so in January , the beginning of their fiscal year .
Angola July 1, 1995 in the middle of their fiscal yr.
Brazil July 1, 1994 middle of fiscal yr
Ghana July 2 middle of fiscal yr.
Congo July 1, 1998
Israel Feb. 24 1980 & Jan.1 1986
Sudan June 8, 1992, at a rate of 1 dinar = 10 pounds. On January 10, 2007
On 31 January 2012, the CBN decided to maintain the key interest rate at 12%, in order to reduce the impact of inflation due to reduction in fuel subsidies.
As of 20 June 2016, the naira was allowed to float,
And let's not forget TURKMENISTAN ON JAN. 1
McDan: The normal rate change’s is the last working date of April IMO
Samson: Parliament resumes its sessions Wednesday by voting and reading six bills
The House of Representatives will resume its regular sessions on Wednesday.
The agenda of the session includes "voting on the draft financial management bill, the first reading of the draft law of the media and communications authority, the first reading of the draft law of the Supreme Iraqi Maritime Authority, and the first reading of the draft law of accession of the Republic of Iraq to the agreement of the Asian Investment Bank for infrastructure."
It also includes the report and discussion of the draft industrial cities law, and the report and discussion of the draft law of the first amendment to the Integrity Commission Act No. 30 of 2011. The session begins at 1 pm. LINK
Samson: Halabousi reveals the convening of a conference of Iraq's neighboring countries in Baghdad on April 20
Speaker of the House of Representatives, Mohamed Halabousi, the convening of the conference of Iraq's neighboring countries in Baghdad on the twentieth of April.
The announcement of Halaboussi during his participation with a parliamentary delegation, on Sunday, at the meetings of the 140th General Assembly of the Inter-Parliamentary Union in the Qatari capital Doha. LINK
AnotherMailman: I really like this article the way she is calling out the government. "The performance of the government and work in the budget of 2019 is very disappointing and weak."
Samson: Parliamentary Economic: The government has not yet implemented any service item from the budget
8th April, 2019
The parliamentary economic committee described on Monday the work of the government to implement the budget in 2019, disappointing, noting that the government so far has not applied any service or reform is clear.
"The performance of the government and work in the budget of 2019 is very disappointing and very weak," said committee member Nada Shaker Jawdat. "The government has not launched any service or reform project within the budget." "The government's reform program in the economy is a slogan that can not be applied in the shadow of decision-making," she said.
She added that "the Iraqi street has become disgruntled by economic policies, where he did not announce the names of appointments in the Ministry of Education or the installation of contracts and the conversion of owners of daily wages to contracts and other administrative procedures." LINK
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