Frank, Fleming, Pimpy and more Wednesday Afternoon 1-6-2021
KTFA:
Don961: The real value of the dinar against the dollar ... Manar Al-Obeidi
2021-01-04
Manar Al-Obaidi, an economist, wrote:
The real value of the Iraqi dinar against the US dollar
The real value of the local currency of any country depends on the amount of reserves in the central bank of foreign currencies and foreign investments and the amount of gold present.
According to central bank data, the value of reserves decreased against the increase in the issued currency
Until May of 2020, the real value of the dollar against the dinar was equal to 682 dinars, and until November of 2020, the real value of the dollar against the dinar was up to 1076 Iraqi dinars as a result of the decrease in reserves and the increase in the issued currency, meaning that the real value of the dinar decreased by 60% from its value in the month of May
Today, with the change of the exchange rate, the real value of the dinar against the dollar will be up to 1276 dinars, meaning that the Iraqi dinar lost 79% of its value from May until the end of the year by 79% of its real value, which was in May 2020. link
Samson: Kurdistan Finance Ministry decides to stop the salaries of more than 10 thousand illegal employees
6th January, 2021
The Ministry of Finance and Economy in the Kurdistan Region announced the suspension of the salaries of more than 10 thousand illegal employees
The Ministry issued three decisions based on the Law on Reform in Salaries, Appropriations, Privileges and Retirement in the Kurdistan Region No. (2) for the year (2020)
The decisions included suspending salaries and retirement benefits for 10,609 beneficiaries, whose names were repeated twice or more in the biometric registration system, where the number of files for receiving illegal salaries reached 21599 files. The ministry went on to say that double-wage employees number 791 out of 1,636 who receive salaries
According to the statement, there are 3909 retired employees in the Kurdistan Region who continue to practice the civil service regardless of the reason, and they receive salaries within 8,147 records. The number of employees who have retired twice is 5909 retirees, and they receive pensions through 11,802 payroll statements
The Ministry indicated the right of those affected by these decisions to appeal them before the relevant authorities or his department within a certain period. In January 2020, the Kurdistan Regional Parliament approved by a majority of its members the reform bill related to the salaries and allowances of retirees and other financial privileges, which consists of 21 articles
On February 4, the President of the Kurdistan Region, Nechirvan Barzani, announced that he had signed the law reforming salaries, allowances, benefits and retirement, describing the law as "another reform step in the administrative and financial fields." He also assigned the government to prepare a draft unified pension law to include "the foundations and standards for achieving justice." The employees are assured that their rights and dues will be guaranteed and preserved in the present and in the future
The law consists of 21 articles and eight sections: the rights and privileges of the families of martyrs, Anfal, and political prisoners, retirement, termination of use of the general budget more than once, the Peshmerga, Asayish forces and the internal police, allocations, order of service calculation, final rulings, and the reasons for compelling LINK
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Wednesday Fleming RV update:
Our military intel contact confirmed many of Mr. Fleming's sources and said that over the weekend much happened to keep the RV/GCR roll out going ushering in the gold-standard (Judy Shelton confirmed by the Senate Banking Committee to the Fed board last minute Thu 31 Dec as POTUS's gold-backed currency advocate
https://twitter.com/YogiQ16/status/1344718923866886144 and https://twitter.com/judyshel/status/1344692702797914119])
NESARA/ GESARA debt forgiveness programs being implemented globally, including Global Collateral Account payouts over the past weekend to paymaster accounts and bond holders receiving money-of-account in their accounts as of today Tue 5 Jan (many bond holders can see the funds in their accounts accessible when T4B is started, as Bruce's sources said and his info agreed),
His current info being that T4B is tentatively set for start in the timing Bruce got from his sources, in about 48-72 hours (approx. Thu-Fri 7-8 Jan)
Courtesy of Dinar Guru
Walkingstick & Frank26 Respect the first 2 weeks of January in order to expect a second change in the rate of the Iraqi dinar. But this time it will be higher. Not lower...they have pumped up the dollar into the markets of Iraq while collecting as many 3-zero notes as possible during this 1450 rate. They kill 2 birds with one stone. They collected the 3-zeros and they invested internationally at a rate that was more advantageous to them. Brilliant...
Pimpy Article: "Central Bank: The launch of the "Buna" platform for intra-Arab payments". I'm gonna go ahead myself and make the assumption there's going to be a move to help strengthen the value of the Iraqi dinar. I like this when I saw this...Iraq is taking big steps to get back on track...This is good news...this is great news...I see they are going to include the dinar. This is what we want to see...this is a good step...a really good thing...Another major sign that the value of the dinar is going to go up...
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The Currency Reset Has Begun - How To PREPARE Financially in 2021| Mark Moss
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