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“Just a Wild Guess” – Mon. AM TNT Thoughts/News 3-13-23

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TNT

CandyKisses:
Kurdistan’s share of which 25 trillion dinars. Iraq approves the largest budget in its history at 200 trillion dinars

Shafaq News / The deputy in the Iraqi Council of Representatives for the province of Sulaymaniyah in Pierre Rashid revealed today, Monday, the details of the federal general budget of the state for the three years approved by the Council of Ministers, describing it as the largest budget in the history of Iraq.

Rashid told Shafaq News that “the Iraqi Council of Ministers agreed on the draft budget law for the fiscal years 2023, 2024 and 2025, indicating that the draft Iraqi budget law is the largest in the history of the Iraqi state in 20 years, amounting to 200 trillion dinars total budget and reaches parliament shortly.

He stressed that the region’s budget will be 25 trillion dinars, this budget can be used to plan and work very significantly.

CandyKisses:
Shafaq News / The deputy in the Iraqi Council of Representatives for the province of Sulaymaniyah in Pierre Rashid revealed today, Monday, the details of the federal general budget of the state for the three years approved by the Council of Ministers, describing it as the largest budget in the history of Iraq.

Kman:
Just a wild guess, but since Iraq seems to be fast tracking the budget and banks in the U.S. needing a massive cash injection, what better way than to RI/RV the Dinar

VinterV:
Breaking News…the Silicon Valley Bnks will be covered… Contrary to what Yellen said earlier… Silicon Valley Bank collapse: Treasury, Fed and FDIC announce steps to ensure deposits will be paid in full

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Bushog:
Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks” So they are going to charge the responsible banks and those costs will be extended to us. There is no such thing as no cost to taxpayers

Babysmom:
SVB had several non compete clauses with depositors. Another reason to diversify

Tishwash:
The Council of Ministers approves the draft budget law and refers it to Parliament

Today, Monday, the Council of Ministers announced its approval of the draft budget law for the fiscal years 2023, 2024 and 2025 and its referral to Parliament.

The media office of the Prime Minister stated, in a statement received by (Baghdad Today), that “the Council of Ministers approved the draft federal budget law for the fiscal years 2023, 2024 and 2025, in its regular session held under the chairmanship of Prime Minister Muhammad Shia’ al-Sudani and refers it to the House of Representatives.”

This morning, the Council of Ministers held its regular session, headed by Al-Sudani.

Al-Sudani’s media office stated, in a statement received by (Baghdad Today), that “the cabinet held its regular session, headed by Prime Minister Muhammad Shia’a Al-Sudani, which includes discussing the draft federal budget law.”

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And the Minister of Finance, Taif Sami, announced yesterday, Sunday, the completion of the draft federal budget law for the year 2023 and sending it to the Council of Ministers for the purpose of discussing and voting on it. link

Kurdistan Finance announces the transfer of 400 billion dinars from Baghdad

The Ministry of Finance and Economy in the Kurdistan Regional Government announced, on Monday, that Baghdad had transferred an amount of 400 billion dinars to its bank account.  

The ministry said in a brief statement, which “NAS” received a copy of, (March 13, 2023), that “within the framework of the agreement between the Kurdistan Regional Government and the federal government, an amount of 400 billion dinars has been transferred to the bank account of the Ministry of Finance and Economy of the Kurdistan Region today.” link

CandyKisses:
Suspension of official working hours in the Kurdistan region tomorrow, Tuesday

Baghdad – Nas  

On Monday, the Kurdistan Regional Government announced the suspension of official working hours in the region tomorrow, Tuesday.  

Tishwash:
The Council of Ministers holds its session to discuss the 2023 budget law

On Monday, the Council of Ministers held its emergency session to discuss the 2023 budget.

Al-Sudani’s office stated, in a statement received by Al-Iqtisad News, that “the cabinet held a regular session headed by Muhammad Shia’a Al-Sudani.”

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He pointed out that “the session includes a discussion of the federal budget law link

Source: Dinar Recaps

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