Some members on the West Coast reported that their bank was setting appointments for Saturday through Tuesday. In the past, some of these "appointments" were to come in and discuss future planning strategies and some were attempts to exchange but unsuccessful. Time Will Tell as the hours unfold and the days go by.
Saturday
Parliament resumed today with the budget as the topic of discussion. They are indicating that they will conduct their vote next week.
Sunday
A Parliamentary source reported that the House of Representatives ended their debate on the budget on Saturday and forwarded it to the Finance Committee with 162 requests. The Finance Committee will hold a meeting again to discuss the draft federal budget bill for the current year and the requests, acknowledging the price of a barrel of oil and the currency exchange to be the government's top priorities.
Iraqi TV reports that the Finance Minister has revealed that the 2021 Budget will be comprised of borrowing 63 trillion from internal banks and 23 trillion from external banks. The 63 trillion will be supplied by the new exchange rate, it will go FROM trillions down to billions, and the 23 will come from investors outside the country. Congratulations!
Parliament is having a meeting TODAY to discuss setting the date to pass the 2021 budget law.
