IQD CALLS Chat Early Saturday 5-2-20
IQD CALLS Chat Early Saturday 5-2-20
Xyz Waste millions of dollars" .. "Crazy" trade is officially established in Iraq
The economy is based on the language of pure numbers that cannot be interpreted, as one plus one equals two, and money is always spent only on matters of value and feasibility, but paying it on trivial goods is an act that is not conceived by a sound mind.
It is no longer hidden from the existence of millions of dollars in transfers for importing useless agricultural goods and crops and transfers for imaginary traders. All of this is in the "currency auction", which has become a "bad reputation" that drains the hard currency from Iraq in legal and circumvent methods, according to specialists who described what is going on as Act as a "crazy trade".
And economist Mohammed Tohme said in an interview with Alsumaria News, that "most of the imports that enter Iraq are luxury or secondary, whether it is goods or even agricultural crops, and therefore this means a depletion of Iraq's fortunes through the auction portal that the bank conducts daily."
He continues, "It is not reasonable to import agricultural crops in millions of dollars, while Iraqi oil imports for the month of April do not exceed one billion and a half billion," calling on the "Integrity and Judicial Commission to conduct an immediate investigation and announce the extent of corruption that is done through the auction."
Tohme notes that "all countries of the world follow the policy of floating currency except in Iraq because the currency auction is one of the chapters of corruption that feed the pockets of spoilers," stressing that "floating the Iraqi dinar will protect Iraq 's reserves from hard currency from loss and waste."
As for the economist, Mohamed Hamid, said in an interview with Alsumaria News, "The currency auction is one of the most corrupt files in Iraq, because of the waste of money from the hard currency obtained by selling it for oil in exchange for fake projects and imports that do not exist at all at the time the Iraqi economy suffers a paralysis Because of the low price of a barrel of crude oil, the resort to borrowing from international banks and the depletion of the war against ISIS, which has not ended yet
Hamid notes that "the profits that banks receive from the currency auction make these banks, some of which were established without scrutiny, without a direction to the market and bear the risks and loans within the framework of providing the service to the citizen."
It is strange and shameful that Iraq exports the most precious wealth in the world, which is oil, and then the hard currency that Iraq got through is sold through the currency auction by importing goods that have no value instead of developing economic activities," the citizen of the gesture said in an interview with Alsumaria News .
He adds, "All the oil producing countries left the rentier economy except in Iraq as a result of some people intent on keeping Iraq within the circle of import and maximum benefit from the oil wealth that is wasted daily through auction."
https://www.alsumaria.tv/news/خاص-السومرية/343819/هدر-بملايين-الدولارات-تجارة-مجانين-تتوطد-في-العراق
Read More: LINK
Xyz Iraq begins reducing 23% of crude oil production
https://www.middleeastmonitor.com/20200502-iraq-begins-reducing-23-of-crude-oil-production/
Oil tankers seen at the Al-Basra Oil Terminal in Iraq [Samuel W. Shavers/Wikipedia]
May 2, 2020 at 1:20 pm On Friday Iraq announced the start of implementing the decision of OPEC+ to reduce crude oil production by 23 per cent, aiming to stabilise prices in the international markets, DPA International reported.
Sources in Basra Oil Company confirmed that it had started the reduction plan on 1 May in its oil fields.
“This measure proves full commitment of Iraq to OPEC+’s decision to reduce the production of crude oil in order to contain the crisis of low oil prices in the international market,” the company announced.
According to the sources, DPA International reported that the company is currently producing three million barrels per day.
xyz Iraq oil revenues crash again to multi-year low
https://www.enca.com/business/iraq-oil-revenues-crash-again-multi-year-low
File: April's revenues were a third of what Iraq needs in order to pay public salaries and keep the government running.
AFP BAGHDAD - Iraq's oil revenues in April plummeted to under $1.5 billion, the oil ministry announced Friday, less than a fifth of hydrocarbon income earned in the same month last year.
The OPEC cartel's second-biggest crude producer has been left reeling by the worldwide crash in crude oil prices.
Iraq sold 103.1 million barrels in April at an average price of $13.80 per barrel, earning the country $1.4 billion.
That sum is half of what it raked in for the month of March -- $2.99 billion -- which in turn was about half of February's oil revenues.
Iraq sells various grades of crude oil, and some barrels were sold in April for less than $5, according to a government official who had seen oil ministry figures.
The low revenues will likely be catastrophic for Iraq, which relies on its oil sales to fund more than 90 percent of government expenses.
It had drafted a 2020 budget last year based on prices at $56 per barrel, but the draft was never passed and a caretaker cabinet is now scrambling to introduce emergency measures, including possible cuts to employee benefits.
The government is the country's biggest employer, with at least four million people on its payroll and another four million who receive pensions or social benefits.
April's revenues were a third of what Iraq needs in order to pay public salaries and keep the government running.
The slump in world prices was brought on by a price war earlier this year between major producers Saudi Arabia and Russia, and an enormous drop in demand caused by the spread of the novel coronavirus.
OPEC agreed last month to introduce production cuts in May and June to try to revive prices, and Iraq will have to cut around one million barrels a day.
Its current production
Baxter unbelievable.. https://www.oregon.gov/gov/admin/Pages/eo_20-24.aspx
Governor Kate Brown / Administration / Executive Order 20-24
Office of the Governor State of Oregon EXECUTIVE ORDER NO. 20-24
EXTENDING THE COVID-19 DECLARATION OF EMERGENCY (EXECUTIVE ORDER NO. 20-03) FOR AN ADDITIONAL 60 DAYS, THROUGH JULY 6, 2020
Executive Order 20-03, declaring a state of emergency due to the COVID-19 outbreak in Oregon, was issued on March 8, 2020, and declared a statewide emergency for 60 days, through May 7, 2020.
Pursuant to ORS 401.165 and ORS 401.204, I find that the novel infectious coronavirus (COVID-19) continues to threaten public health and safety, and remains a statewide emergency under ORS 401.025. Accordingly, I am extending the state of emergency for an additional 60 days, through July 6, 2020. Executive Order 20-03 shall remain in effect through July 6, 2020, unless extended or terminated earlier by the Governor.
Done at Salem, Oregon, this 1st day of May, 2020. Kate Brown GOVERNOR
Baxter https://www.oregon.gov/gov/admin/Pages/eo_20-24.aspx
Baxter Take a Look at that Doug
futuremoney garbage
Baxter isnt it though
futuremoney oregon will be bankrupt by then
Baxter yep
futuremoney stupid politicians...dont even know what butters their bread
futuremoney then she will want Trump to bail them out
Baxter 5-2-2020 *** Dinar Guru News *** Guru Frank26 is having major surgery right now. Whether you agree with his perspectives on the dinar or not or enjoy his colorful Frank26 ways of sharing or not, everyone agrees he has been an important contributor to the dinar community for a very long time. Our thoughts and prayers go out to him and his family. Get well Frank26...the community is behind you!!
Kaperoni More Float juice today :)
Kaperoni "Waste millions of dollars" .. "Crazy" trade is officially established in Iraq
Praatha News Agency 131 2020-05-02 The economy is based on the language of pure numbers that cannot be interpreted, as one plus one equals two, and money is always spent only on matters of value and feasibility, but paying it on trivial goods is an act that is not conceived by a sound mind.
It is no longer hidden from the presence of millions of dollars in transfers for importing useless agricultural goods and crops and transfers for imaginary traders, all of which are in the "currency auction", which has become a "bad reputation" that drains the hard currency from Iraq in legal and circumvent methods, according to specialists who described what is going on as Act as a "crazy trade".
And economist Mohammed Tohme said in an interview with Alsumaria News, that "most of the imports that enter Iraq are luxury or secondary, whether it is goods or even agricultural crops, and therefore this means a depletion of Iraq's fortunes through the auction portal that the bank conducts daily."
He continues, "It is not reasonable to import agricultural crops in millions of dollars, while Iraqi oil imports for the month of April do not exceed one billion and a half billion," calling on the "Integrity and Judicial Commission to conduct an immediate investigation and announce the extent of corruption that is done through the auction."
Tohme notes that "all countries of the world follow the policy of floating currency except in Iraq because the currency auction is one of the chapters of corruption that feed the pockets of spoilers," stressing that "floating the Iraqi dinar will protect Iraq 's reserves from hard currency from loss and waste."
Kaperoni As for the economist, Mohamed Hamid, said in an interview with Alsumaria News, "The currency auction is one of the most corrupt files in Iraq, because of the waste of money from the hard currency obtained by selling it for oil in exchange for fake projects and imports that do not exist at all at the time the Iraqi economy suffers a paralysis Because of the low price of a barrel of crude oil, the resort to borrowing from international banks and the depletion of the war against ISIS, which has not ended yet. "
Hamid notes that "the profits that banks receive from the currency auction make these banks, some of which were established without scrutiny, without a direction to the market and bear the risks and loans within the framework of providing the service to the citizen."
"It is strange and shameful that Iraq exports the most valuable wealth in the world, which is oil, and then the hard currency that Iraq got through is sold through the currency auction by importing goods of no value instead of developing economic activities," the citizen of the gesture said in an interview with Alsumaria News.
He adds, "All the oil producing countries left the rentier economy except in Iraq as a result of some people intent on keeping Iraq within the circle of import and maximum benefit from the oil wealth that is wasted daily through auction."
The citizen Saad Hamzah said in an interview with Alsumaria News that "Iraq does not need imports of this size that we see in the markets," adding that "it does not make sense to import agricultural crops and Iraq has two rivers that do not have this blessing in all countries of the world."
Kaperoni Hamza shows that "the currency auction is only one of the types of corruption legislated by law in order to protect spoilers," calling for "supervisory authorities and the Integrity Commission to take their role in revealing the corruption in public money."
The Central Bank of Iraq sells the dollar to private banks and money transfer companies through the auction that it conducts daily at an amount of 150 million dollars, which increases these numbers or decreases according to demand by these banks,
which affects in one way or another the reserves of the Central Bank of Iraq, which was affected significantly in recent times As a result of the lack of symmetry between what he gets from the dollar and the auction sale process.
It is noteworthy that the frequency of accusations escalated regarding the currency smuggling operations that cast a shadow over the selling prices of the dollar in local markets and led to an increase in its exchange rate a few months ago, while deputies called for the government to stop selling the currency at auctions of the central bank, others confirmed that Iraq was losing Significant money from being smuggled daily out of the border.
Kaperoni http://burathanews.com/arabic/reports/367964
Kaperoni Love this part. Maybe some will learn from it?
Kaperoni Tohme notes that "all countries of the world follow the policy of floating currency except in Iraq because the currency auction is one of the chapters of corruption that feed the pockets of spoilers," stressing that "floating the Iraqi dinar will protect Iraq 's reserves from hard currency from loss and waste."
https://covid.joinzoe.com/us COVID Symptom Tracker
https://www.worldometers.info/coronavirus/ Covid-19 Coronavirus Pandemic Stats