Sun. PM KTFA News Articles/Thoughts 12-4-22



Clare » December 4th, 2022

Parliamentary Finance suggests that the Iraqi Council of Ministers vote on the “2023 budget” in its next session


The Finance Committee in the Iraqi Parliament suggested, on Sunday, that the Iraqi Council of Ministers will vote on the federal budget law for the year 2023 in its next session.

A member of the Finance Committee, Nermin Maarouf, told Shafaq News agency; “The general budget law for the year 2023 is supposed to reach Parliament in October, but the delay in forming the government caused a delay in its approval by the Council of Ministers and sending it to Parliament.”

And she added; “The Ministry of Finance will complete the preparation of the draft general budget law, and during the coming days, the Finance will send the budget law to the Council of Ministers for approval.” 

Maarouf continued; “The Council of Ministers may vote in the Tuesday session of this week on the draft budget law.”   LINK


Godson » December 4th, 2022

IMO…. Vote.. Pass… Gazette/ president signature… Law is activated… IMO.

Henig » December 4th, 2022

Minister of Oil: The “OPEC +” alliance decides to keep the oil production policy unchanged

Baghdad / NINA / – Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani affirmed the “OPEC Plus” alliance’s adherence to the previously established production agreement and the rate of reduction until the end of next year 2023, taking into account emergency changes and developments.

After his participation in the ministerial meeting of the “OPEC Plus” alliance, Abdul-Ghani said: The meeting emphasized taking more necessary measures regarding developments in the oil market, if required, in order to maintain the required balance and achieve more stability in light of the circumstances and challenges facing global markets.

The minister referred to “the agreement on all the issues that were discussed, including those related to the Ministerial Committee to monitor production and the call for urgent and necessary meetings, and the importance of full compliance with the agreement and the compensation mechanism.” LINK


Clare » December 4th, 2022

With the jump of the dollar.. the Sudanese directs to provide foreign currency locally


Prime Minister Muhammad Shia Al-Sudani met, this morning, Sunday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif.

A statement by the media office of the Prime Minister said that Al-Sudani “listened to a briefing on the progress of organizational work and the policies of the Central Bank in the financial and monetary sectors.”

Al-Sudani directed “to conduct the necessary treatments to provide foreign currency in the local market in accordance with the mechanisms and legal systems of the Central Bank, and also to provide it to citizens wishing to travel or receive treatment outside Iraq.”

The Prime Minister affirmed “the continuation of the financial and economic reform program for the financial and banking system, which was included in the ministerial curriculum, to lead the national economy to steady growth, which will reflect positively on the citizens’ livelihood and their level of financial empowerment.”

It is noteworthy that the local markets are witnessing a rise in the exchange rates of the dollar against the dinar, as it exceeded for the first time – since the central bank raised – the exchange rate to 1500 dinars per dollar.  LINK

Source: Dinar Recaps



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