Dinar Recaps

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IQD CALLS Chat Early Thursday 5-14-20

IQD CALLS Chat Early Thursday 5-14-20

kevin311312   The Associated Press@AP·Mar 12 BREAKING: The U.S. has launched airstrikes in Iraq targeting the Iranian-backed Shia militia members believed responsible for a rocket attack Wednesday that killed and wounded American and British troops at a base north of Baghdad

kevin311312   https://apnews.com/5ff9d48d1bdb2d2b1e4243d18930b159?utm_campaign=SocialFlow&utm_medium=AP&utm_source=Twitter

Baxter   5-13-2020 Intel Guru Delta Article: "3 options top the measures to confront the economic crisis .. What is the story of private budgets?" Quotes: "There are measures that must be taken to face financial distress other than internal borrowing or prejudice the central bank's reserves, noting that...among these options is a price change...

Exchange and stopping imports, in addition to stopping the currency auction and other economic measures."; "...accelerate the transmission of the budget in a way that reduces the deficit by reducing costs or by changing the exchange rate." ...ANOTHER BOMB ARTICLE...IMO...GET READY...PM SAID 48 HOURS…HALF IS GONE...

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Baxter   THIS IS TODAYS DELTA POST.............. 5-14-2020 Intel Guru Delta Article: "The Security Council welcomes the formation of the government headed by Al-Kazemi and pledges its support" Quote: "...

The members of the Security Council reaffirmed their full support for the efforts led by the United Nations Assistance Mission for Iraq...to support and assist the Government of Iraq and the Iraqi people through comprehensive political dialogue, reconciliation at the national and societal levels, and reform Economic..."

In a precedent that had not happened before the UN Security Council issued a statement supporting Mustafa Al-Kazemi. ALSO the UN Security Council SUPPORTING IRAQ IN ECONOMIC REFORM...IT LOOKS LIKE UN GIVING THE GREEN LIGHT...

Doug_W   @futuremoney Silver:$15.89 +0.25

Doug_W   Parliamentary Finance reveals a budget-oriented approach that has never been previously implemented

Doug_W   https://aynaliraqnews.com/index.php?aa=news&id22=133937&fbclid=IwAR00sYxo5_EgXSZFFrxeXRQ3zlBpIx5arcZCysazCzSmpxJfBZcoICrXvoM

Doug_W   The adoption of the monthly budget or other new options are all emergency options, given that Iraq is a rentier country and depends on one resource, which is oil at up to 90%, and this resource lives this period of great volatility," noting that "There are two approaches that have been raised about the nature of the budget for the current year"

Doug_W   Silver:$15.98 +0.34

Xyz   Parliamentary Finance reveals a budget-oriented approach that has never been previously implemented

Thursday 14 May 2020 | 02:51 pm Baghdad / ... Member of Parliamentary Finance Committee MP Jamal Kujer revealed, on Thursday, that there are two approaches regarding the form of the general budget for the current year 2020, indicating that one of them had not been previously implemented by the Iraqi state.

Cougar said in a press statement, "The adoption of the monthly budget or other new options are all emergency options, given that Iraq is a rentier country and depends on one resource, which is oil at up to 90%, and this resource lives this period of great volatility," noting that "There are two approaches that have been raised about the nature of the budget for the current year."

Cougar added, "The first orientation included that the price of a barrel of oil be stable with regard to the operational budget, which includes salaries and some of the expenses that are necessary, and a variable price for the investment budget," noting that "the second approach is to adopt monthly budgets approved according to need and according to the prices Oil globally."

Cougar stressed, "The second option has never been worked on by the Iraqi state, so it may be a complicated equation and a lot of projects may be slowed by the lack of clarity of the features of this proposal, but the first approach is the closest considering that it is current and it can be applied on the ground." End 2 https://aynaliraqnews.com/index.php?aa=news&id22=133937

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xyz   Parliamentary source: Al-Kazemi's government will print the currency to pay employee salaries

Thursday 14 May 2020 | 3:30 pm   Baghdad / ... Parliamentary source confirmed, Thursday, that the government of Prime Minister Mustafa Al-Kazimi will go to print a new local currency in order to pay the salaries of employees.

The source said to "Eye of Iraq News", "This measure is one of the solutions to overcome this economic crisis that is ravaging the country, so it is necessary to find harmless solutions for future generations such as the use of cash or gold reserves in the central bank."

He pointed out that we, "after the application of this procedure, we expect a decrease in the Iraqi dinar exchange rate against the dollar," stressing that "this will have a positive impact on activating the industry in Iraq and not resorting to global or regional markets that provide goods to Iraq at low prices because of the high exchange rate The dinar is compared to the currency of Turkey, Iran and others."

On Wednesday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, identified the loan disbursements that the government intends to request from home and abroad.

Saleh said in a press statement, "The government submitted a draft law to Parliament in order to authorize it to borrow from internal and external financing sources, in order to bridge the deficit and enhance public financial liquidity when necessary."

And, "The borrowing came because of the financial hardship that the country is going through, and in order to bridge the revenue deficit gap against fixed expenditures, especially in the operating budget."

He added, "The legal cover did not provide the government with internal and external borrowing, due to the lack of a federal budget law for the year 2020." https://aynaliraqnews.com/index.php?aa=news&id22=133944

Wilder   xyz Parliamentary source: Al-Kazemi's government will print the currency to pay employee salaries

Thursday???

futuremoney   Wilder yes....thats when the print shop is open...

Wilder, so it is necessary to find harmless solutions for future generations such as the use of cash or gold

Wilder   futuremoney Speaking of their current currency?

futuremoney   yes....lol

Wilder   futuremoney tell them to go ahead and back it by gold.

Doug_W   if they have a few ounces too much I will gladly relieve them of it and at NO cost to them except shipping

Kaperoni   Latest float news...

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Kaperoni   Warnings against reducing the value of the dinar against the dollar to provide salaries for employees

Posted by Yaqin May 14, 2020   Today, Thursday (14 May 2020), the economist, Rasem Al-Akidi, warned against floating the Iraqi dinar against the dollar, that is, to reduce the value of the Iraqi dinar against the dollar, according to a proposal proposed by economists to provide additional funds for the Iraqi budget to be paid as salaries for employees.

Al-Akidi said, "The issuance of any decision to float the dinar against the dollar in light of the current conditions of Iraq has a great risk to the country, which is basically suffering from uncontrollable losses, namely fees, customs, taxes and many other financial resources."

And that "the flotation does not constitute an increase in the value of the Iraqi dinar, but rather we will see an increase in the exchange rates of the dollar because of the lack of its acquisition in the global market, especially with the decline in international oil prices."

He added that "the flotation will lead to a significant increase in prices, and will be paid by the poor," noting that "the flotation is taken in light of the stable financial conditions of the state, as well as the diversification of the economy and its dependence on resources other than oil."

Al-Akidi said that "floating the dinar against the dollar is launching the process of buying and selling without any limits, and the country will face an unprecedented rise in prices with limited and steady salaries, so conditions will be more difficult, especially in the humanitarian framework."

Economists suggested reducing the value of the Iraqi dinar against the dollar by a value ranging between 1300 dinars or 1400 against one dollar to provide additional budget resources that allow part of the salaries to be spent, while others considered that any proposed float process may go out of control and cause a significant increase in the price of the dollar

Kaperoni   against the Iraqi dinar

Kaperoni   https://yaqein.net/economy/258253

Kaperoni   This is what is important...

Kaperoni   He added that "the flotation will lead to a significant increase in prices, and will be paid by the poor," noting that "the flotation is taken in light of the stable financial conditions of the state, as well as the diversification of the economy and its dependence on resources other than oil."

Kaperoni   So we wait. :) Float coming in year or two as I expected.

Kaperoni   Later

Kaperoni   Still no articles or news talking about RV lmbo.

Doug_W   WHAT NO Rv?

kevin311312   Can the dinar float up when the price of oil goes back up

Doug_W   kevin311312 that is Iraq ur asking about

kevin311312   I want my dime

Doug_W   U and everybody else

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Doug_W   have one on ME

Clay   oops    forgot June LOL

Doug_W   LOL ooopsie

kevin311312   so apparently they can float it whenever they want to

kevin311312   ether way

Doug_W   CBI is an independent deal so yes

kevin311312   so than they don't half to pass any more laws

Doug_W   HAVE to no

Doug_W   how long U been in this?

kevin311312   to long

Doug_W   me three

kevin311312   at least 10

Dave   me4

Doug_W   @futuremoney Silver:$16.06+0.42

Xyz   Burr Resigns As Head Of Intel Committee Over 'Insider Trading' Probe https://www.zerohedge.com/geopolitical/fbi-seizes-senate-intel-chairmans-cellphone-probe-suspicious-virus-linked-insider

Dave   new currency to pay employees.........thought they had currency?

xyz   "No More Mr.Nice Guy" - Trump Urges Senate To Call Obama To Testify https://www.zerohedge.com/markets/no-more-mrnice-guy-trump-urges-senate-call-obama-testify

Dave   wanna see new LDs........pretty please.......

Clay   me too

Xyz   Imperial cults and cults of personality https://en.wikipedia.org/wiki/List_of_people_who_have_been_considered_deities

xyz   They all had power over other REGULARS and thought history would be nice to the them. To the contrary ...

Same here is dinarland that are judge/prosecutor/jury ... all in one per recent polling jejeje ... Z book gonna be refreshing going into some personal live back in the days ... Z can be a silly investigator with videos and photos to prove .

Baxter   BREAKING: Los Angeles County’s stay-at-home orders extended for the next 3 months -

Baxter   unbelievable....

Baxter   GAS.......... Here today........... it 2 dollars a gallon..... it was 89 cents less than 2 weeks ago

Clay   Baxter I heard

Clay   that wont go over well

Baxter   nope

 

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