Dinar Updates

BGG News Highlights & Comments

BGG ~ So – as near as I can tell, it looks like they intend to have a meeting of the 3 Presidencies, hammer out some final details and then get Parliament together right afterward to vote on it the same afternoon.

The Three Presidencies Meet Tomorrow To Resolve The Budget Dispute

(Baghdad: Al-Furat News) The three presidencies will hold, Thursday, an important meeting to resolve the dispute over the draft budget law for the year 2018.

A parliamentary source told the {Euphrates News} a copy of it that “the meeting will discuss the resolution of controversial issues, especially with regard to the budget of the Kurdistan region.”

“The meeting was held before the parliamentary session scheduled for tomorrow at 1 pm.”

He added that “the parliamentary finance committee reached final consensus in most of the demands of the blocks in the budget, except for the introduction of representatives of the Kurdish component.”

He drew the source to “insert the draft budget law on the agenda of the session of the parliament scheduled Saturday if the three presidencies resolved the dispute on it.”

It was scheduled to hold the House of Representatives, its regular on Wednesday, but the continuation of the dispute over the draft bill of the budget of 2018 caused the withdrawal of the law from the agenda and postpone the meeting to Thursday. End

Read More: alforatnews.com (Special Thanks to Tim Tarkington)
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Jubouri Calls On All Members Of Parliament To Attend Tomorrow’s Session To Vote On The Budget

Baghdad: Speaker of the House of Representatives Salim al-Jubouri, on Wednesday, all members of the Council to attend the meeting on Thursday for the purpose of voting on the federal budget.

Jubouri said in a statement to his office received the agency {Euphrates News} a copy of it today that “delaying the adoption of the budget will cause a significant obstruction in the work of state institutions, especially in the current financial and economic situation, and will cause the growing market stagnation and slow trade, as well as political problems that Will result from this delay. ”

He stressed that “we all aspire to achieve more achievements and work to consolidate permanent stability through the preparation of economic and development conditions, and the need to look seriously and realistically to the conditions of citizens and work to improve the living conditions and service them, and the general budget is the most positive factors to achieve it.”

He called on the Speaker of the House of Representatives all members of the Council to “attend the session Thursday to vote on the budget and not to repeat the mistakes of the past.” is over

Article Credit: alforatnews.com

BGG ~ So – as near as I can tell, it looks like they intend to have a meeting of the 3 Presidencies, hammer out some final details and then get Parliament together right afterward to vote on it the same afternoon.

There is obviously some sense of urgency on their part. What is driving this surge? I do not know. It sounds like a long shot to me – but I’ll be glad if they pull it off.
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​The Stability Of The Dollar Exchange Rate Against The Iraqi Dinar

(Independent) … The prices of the dollar exchange rate stabilized on the Stock Exchange and local markets on Tuesday (February 27, 2018).

Kifah Stock Exchange – Baghdad 122,000 dinars, the same price for Monday.

Selling and buying prices in banking shops:

Selling price of the dollar = 122,500 dinars.

The price of buying the dollar = 121.500 dinars.

Article Credit: mustaqila.com

BGG ~ This was from yesterday… I haven’t seen anything further on the OR/MR parity yet today (it’s what I’ll be watching close for a few days).

It’s is basically saying that after a few days of gains – the value of the Dinar has stabilized for now.

http://www.dinarupdates.com/blog/