News, Rumors and Opinions Monday Morning 8-3-2020
KTFA:
Samson: An economist reveals a "waste" of $ 700 million in customs within three months
2nd August, 2020
Economic expert, Manar Al-Ubaidi, saw on Sunday that the percentage of customs collected during last July declined from June compared to the transfers of the Central Bank, revealing a "waste" of $ 700 million during the past three months.
Al-Obaidi said in an interview with Alsumaria News that “the percentage of customs collected in July 2020 compared to the percentage of central bank transfers amounted to 1.727%, retreating from the rate of last month of 2.64%,” noting that “the total of central bank transfers amounted to $ 3.64 billion, An increase of 42% compared to June 2020.
He added that "the value of customs obtained in July decreased by 6% compared to the customs of the month of June 2020, where the value of customs collected for the month of July amounted to 76 billion dinars, equivalent to only 63 million dollars, while the value of customs collected for the month of June was 80 billion dinars, that is, The equivalent of 67 million dollars. "
Obeidi said that "the proportion of customs Almsthsal during the past three months compared with the remittances of the Central Bank for Balastairadat credits (which is equal to the value of imports for b Iraq) It was only 2.13%."
He pointed out that, "depending on the rate of customs Iraq 10% (as the value of customs varies according to the type of product) and 10% can be adopted as an average of the value of customs, the value of waste in customs amounts during the three months amounted to approximately 700 million dollars, as the total of collected customs amounted to only $189 million, while The value of customs assumed based on the amounts transferred from the Central Bank is 886 million USD. LINK
TNT:
PamD: it's all quiet on the TNT front. The best news so far is that the supply of dong being sold is really drying up. We can hope that means something! How long can the suppress the sale of dong in the US?
Eccle519: Part of the plan may have been to have all the currency sold and not available, then there's no double dipping and it's spread throughout the world public for max dispertion of wealth
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AlGold: RV-Come On! Iraq is the 6th Arab with hard currency reserves of $ 48 billion
Baghdad – Mawazine News
Iraq has hard currency reserves of 48 billion US dollars, according to the Global GFP Ranking Corporation, which indicated that China ranked first with most of the world’s reserves.
The institution said, according to its latest classification, that “Iraq’s reserves of hard currency, including foreign exchange and gold, amounted to 48 billion and 880 million dollars,” indicating that “Iraq ranked 40th with the most reserves among the 138 countries included in the statistics.”
She added that “Iraq ranked sixth in the Arab world after each of Saudi Arabia, whose reserves amounted to 496 billion and 400 million dollars, followed by second place Algeria with 97 billion and 890 million dollars, followed by the United Arab Emirates with reserves of 95 billion and 370 million dollars, followed by fourth in Libya with reserves amounting to 74 billion and 710 million dollars, and then Lebanon comes in fifth place with reserves of 55 billion and 420 million dollars. ”
She noted that “China ranked first with the largest reserves in the world in hard currency, with reserves of 3 trillion and 236 billion dollars, followed by second in Japan with reserves of one trillion and 264 billion dollars.”
It is noteworthy that the Central Bank of Iraq announced in April 2019 the increase in Iraq’s foreign exchange reserves to 62 billion dollars. www.mawazin.net
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Courtesy of Dinar Guru
Pimpy I'm feeling really good that something is going to happen this summer. No, I don't have anything to prove that. I'm just saying I'm feeling really good based on what I'm seeing.
RVAlready Hoping for 800 numbers by Wednesday...this could actually be the week!
Currency365:
Iraq Corrupt Files To Big To Open/Kurds Ready To Sign Deal
Aug 2, 2020