Henig: Vietnam discusses Increasing Trade with Iraq
14th March 2023 By John Lee.
Iraq’s Ministry of Trade held a meeting with a delegation from the Vietnamese embassy in Tehran to discuss joint cooperation in commercial and economic aspects, including the supply of rice, tea, construction materials, and machinery.
They also discussed the possibility of holding the nineteenth meeting of the Iraqi-Vietnamese Joint Committee, and inviting the Vietnamese side to participate in the next Baghdad International Fair.
The Vietnamese delegation expressed gratitude and emphasized the importance of communication between the two sides to increase opportunities for cooperation in the future.
(Source: Ministry of Trade) LINK
Henig: Parliamentary Finance Favors Approving the Federal State Budget Before Eid Al-Fitr
BAGHDAD (NINA) — A member of the parliamentary finance committee, Jamal Kojar, is likely to approve the federal budget for the current year before Eid al-Fitr, noting at the same time that there is a “serious deficit” in it.
Koger said in a statement: “The budget may be approved before Eid al-Fitr, stressing that the parliament does not have the authority to add the salary scale to the budget, noting that the budget deficit is “serious” and the government may resort to borrowing.
Economist Manar Al-Obaidi predicted in a statement today that the deficit in the state’s general budget will reach 90 trillion dinars if revenues are not fully achieved as planned, indicating that the drop in oil prices by one dollar costs the state 1.5 trillion dinars annually.
It is noteworthy that the Council of Ministers approved on March 13, the draft budget law for the next three years, worth about 200 trillion dinars, the largest in the history of Iraq. LINK
Frank26 IMO the budget is complete. But you are not going to see the budget IMO until April 1st. But the rate for April 1st IMO will be 1 week before that.
Pimpy Article: “Al-Shammari: The largest budget of 2023 in the history of Iraq, Baghdad and the south will witness an reconstruction revolution” Yes, that’s what we want to hear! But I don’t want you to just talk about it, I want to see it happen. Because if they can make that happen then we’re going to be looking at a much more valuable Iraqi dinar…
From Recaps Archives
NY TIMES(Kuwait RV): Published: March 25, 1991
It still has no water and little electricity or food, but Kuwait revived its banking system today, introducing a new currency……Banks reopened for the first time since Iraqi occupation forces shut them down in December.
Thousands of people lined up to exchange their old Kuwaiti dinars for crisp new ones and to withdraw a limited amount of money…..
The Central Bank is canceling the value of Kuwaiti dinars that were seized from the Central Bank and put into circulation by the Iraqis.
The invalid serial numbers were posted today in front of all banks in the city….All other old dinars can be exchanged for new ones on a one-to-one rate until May 7, when the old dinars become invalid.
The new official exchange rate is 3.47 American dollars for one new Kuwaiti dinar.
From March 18, 1975 to January 4, 2003 the dinar was pegged to a weighted currency basket. From January 5, 2003 until May 20, 2007, the pegging was switched to 1 U.S. dollar = 0.29963 dinar with margins of ±3.5%. The central rate translates to approximately 1 dinar = 3.33745 dollars. From June 16, 2007, the Kuwaiti dinar was re-pegged to a basket of currencies, and is now worth about US$3.609 (€2.686). It is the world’s highest-valued currency unit
DEATH OF THE DOLLAR ON THE DOOR STEP
Gerald Celente: 3-17-2023
BE READY. CONfidence Is The System Is Falling As This SYSTEMIC MELTDOWN Worsens…
Greg Mannarino: 3-17-2023