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IQD CALLS Chat Early Thursday 5-21-20

IQD CALLS Chat Early Thursday 5-21-20

BaxterI have an article I want to bring in here.. give me a second... A proposal on the government table to face the parliamentary economic and financial crisis warns!

Economie 05/20/2020 15:41 180 Editor: Zs  Baghdad today – special  The decision of the Parliamentary Finance Committee, Ahmed Al-Saffar, on Wednesday (May 20, 2020),

(1) warned against demands to raise the price of the dollar against the Iraqi dinar to confront the financial crisis and maintain the hard currency, stressing that this decision is not in the interest of the Iraqi financial system.

Al-Saffar said in an interview with (Baghdad today) that:

(2) "raising the dollar exchange rate to face the financial crisis and preserve the hard currency is one of the proposals and monetary measures that the state may take to avoid the liquidity crisis."

He added,

(3) "It is not in the interest of the financial system to raise the exchange rate of the dollar because it will lead to a decrease in the Iraqi dinar price and a decrease in purchasing power and will lead to inflation," noting that "the classes with limited income and those with salaries will be the first affected by this decision."

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4) Al-Saffar pointed out that "raising the price of the dollar depends on the government's ability to apply the necessary public spending from other sources."

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

Al-Aqidi said in an interview with (Baghdad Today),

(6) "The issuance of any decision to float the dinar against the dollar in light of the current conditions in Iraq is very dangerous for the country which is basically suffering from uncontrollable losses, namely fees, customs, taxes and many other financial resources."

And that :  (7) "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 :  (8) "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 context."

Baxter   OK,.. KAP.... EXPLAIN THIS PLEASE

Baxter   Sure dont look like a float to me

Clay   wow nice article

Baxter   i thought so too

Clay   wish would just increase it already

Baxter   sure dont look like a float to me

Clay   what a gift that would be

Baxter   i know

Clay   nope

Clay   no float

Clay   never believed that

Clay   dont know where Kap gets his info

Clay   hoping it will resort to what it was

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Baxter   well that article clearly states NO float

Clay   yep

Clay   no article ever said float except for normal movement of a currency

Foxmulder   That article BAX brought in . Kinda confusing.. of course what isn't with IRAQ

Doug_W   @Dave silver is off almost 50 cents now

Baxter   foxmulder well it sure says .. No Float

Doug_W   @Clay must have dreamed of buying some?

foxmulder   Doug_W wish the coin store was open wanted to by a bunch when it was down to 14 or 15 dollars

Clay   ha

foxmulder   Looking to by a kilo , just n6or sure if the gent will give a break on the spot price

Doug_W   was the best time

Clay   kilo of what

Doug_W   its been very volitile lately

Doug_W   Clay SILVER

Clay   ok

Clay   never heard by the kilo

foxmulder   Doug_W IKnow .. of course EVERYTHING was closed ;Thud

Doug_W   foxmulder https://www.silver.com/

foxmulder   Clay a few weeks back it was 460a kilo now 580

Clay   nice increase...how many oz is that

Doug_W   1,000

foxmulder   A kilo = 2.5 pounds

Clay   16 oz in a lb

foxmulder   Dont ask me how I learned what a key was

Clay   lol

Doug_W   I bet I KNOW

Clay   sell herb lol

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Foxmulder   Sure wish they would do something besides talk about the exchange rate

Dave   sounds as IF we may get rich?

Baxter   HA..

Baxter   You saw my article eh?

Dave   quick read

Baxter   sure doesnt mention a float

Dave   Who said it was going too........?

Baxter   K A P E R O N I

Dave   oh that guy........disregarded anything he preached

Dave   particularly when CBI said No float countless times

Dave   Free float to be exacting

Dave   nic picking i suppose

Dave   All in the details sometimes?

Clay   many times stated no float in print

Clay   no country ever floated after currency devalued always went back to previous value

Wilder   Rumors going around gold to return as reserve currency. Ya think?

Kaperoni   Hey!, more float talk today. lol

Baxter   REALLY? not the way it reads to me

Kaperoni   05/21/2020  The yolk .. The float claims are wrong and the poor will pay the price!

The decision of the Parliamentary Finance Committee, Ahmed Al-Saffar, warned of the demands of raising the price of the dollar against the Iraqi dinar to confront the financial crisis and maintain the hard currency, stressing that this decision is not in the interest of the Iraqi financial system.

Al-Saffar said in a follow-up to Al-Ishraq that "raising the dollar exchange rate to face the financial crisis and preserve the hard currency is one of the proposals and monetary measures that may be taken by the state to avoid the liquidity crisis."

He added, " It is not in the interest of the financial system to raise the exchange rate of the dollar because it will lead to a decrease in the Iraqi dinar price and a decrease in purchasing power and will lead to inflation ," noting that "the classes with limited income and those with salaries will be the first affected by this decision."

Al-Saffar pointed out that "raising the price of the dollar depends on the government's ability to apply the necessary public spending from other sources."

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The economist Rasim al-Aqidi, warned, earlier in the Iraqi dinar float against the dollar, i.e. reducing the value of the Iraqi dinar against the dollar according to a proposal put forward by economists to provide additional funds for the Iraqi budget to be paid as salaries for employees.

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

Kaperoni   And that "the flotation does not constitute an increase in the value of the Iraqi dinar, but

Kaperoni   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 global 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 context."

Kaperoni   https://www.aleshraq.tv/all-detal.aspx?jimare=51746

Baxter   its exactly opposite a float

Baxter   Be back later

Kaperoni   Not good time to float is correct.

Kaperoni   But more importantly it confirms what the intent is once conditions are better

Kaperoni   floating is what countries do. They do not RV

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Kaperoni   Oh and by the way, Lebanon just announced they are going to a float. that is the 3rd middle east country to float in last 4 years. lol

Kaperoni   Lebanon is preparing for fundamental structural changes in its economy

17:30 - 05/15/20200  The information / Baghdad ..The Lebanese government announced today, Friday, its serious intention to reduce the number of commercial banks from 49 to about half in the country.

This was stated by the Lebanese Finance Minister, Ghazi Wazni, during an interview with "France Press", where he said: "We are ready to meet the request of the International Monetary Fund to float the exchange rate of the lira, but after receiving external support, provided that in the next stage a price Flexible exchange. ”

Kaperoni   More...   https://www.almaalomah.com/2020/05/15/474312/

Kaperoni   lol

Jo   No it's a "Conspiracy" LOL YES IT IS FOR REAL THIS IS GETTING CREEPY I WANT OFF THE RIDE... Or why doesn't everyone go to Mars and I will stay here with the people that are not scared of the cartoon virus.

Baxter   That article said nothing about a delay... it said they werent considering a FLOAT.... he doesnt know how to read

Baxter   He reads things into articles...that just arent there

Jo   What It's Like to Believe Everything the Media Tells You

3,807,174 views•May 6, 2020  https://youtu.be/QcUAG6t5aN8

Jo   Speaking of Blue Pills https://youtu.be/dC_lZLzCrOI only 2min LOL

 

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