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Post Info TOPIC: Weekend UPDATE for November 28-29, 2020


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Weekend UPDATE for November 28-29, 2020


Iraq News....

• Iraqi TV reports that PM Kadhimi met with the CBI, the Minister of Finance and with several key financial institutions, informing them that the 2021 budget will be delivered to Parliament either by the end of November or by the middle of December.

• The 2021 Budget is supposed to be approved by end of December and then sent to President Saleh to accept and sign off. He has 15 days to sign off, if he doesn't, it will automatically be ratified and become law. This should take place near the middle of January, which corresponds with the timframe that Iraq stated that the white papers would be implemented along with the reforms.

• Parliament sends PM Kadhimi a reform paper and demands that he acts upon the Economic and Financial Reforms immediately to avoid further damages. They are saying it is a necessary reform that must be done.

• The Finance Committee sent a letter to the government demanding the necessity of implementing the recommendations of the white paper presented by the Ministries of Finance and Planning.


US Bank News...

• Some banks are "ON EXCHANGE LOCATION" today........waiting for the "GO" signal! (Except Texas, more than likely)

• Various rates for different currencies are being communicated to us......supposedly at the banks discretion? Have your "Game On" when you go in to exchange. smile



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