IQD CALLS Chat Early Wednesday 5-19-20
IQD CALLS Chat Early Wednesday 5-19-20
Baxter 5-20-2020 Newshound/Intel Guru Mnt Goat Article: "GOVERNMENT OF PRIME MINISTER MUSTAFA AL-KAZEMI WILL GO TO PRINT A NEW LOCAL CURRENCY IN ORDER TO PAY THE SALARIES OF EMPLOYEES" This printing of money is not good for us investors.
It shows us they are not serious about completing the project to delete the zeros any time soon. First in order to do the project they will have to recollect all these larger notes all over again to bring the money supply back to levels acceptable to complete the project. We could be waiting a longer than expected timeframe for the reinstatement than we hoped.
Kaperoni More float juice today lol A proposal on the government table to face the parliamentary economic and financial crisis, warns!
20/5/2020 Source of news / Baghdad today Baghdad today – special The decision of the Parliamentary Finance Committee, Ahmed Al-Saffar, on Wednesday (May 20, 2020), 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 "raising the dollar exchange rate to face the financial crisis and maintain the hard currency is one of the proposals and monetary measures put forward and which the state may take 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 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."
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-Akidi said in an interview with (Baghdad Today), that "the issuance of any decision to float the dinar against the dollar in light of the current conditions of 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 "the flotation does not constitute an increase in the value of the Iraqi dinar, but rather we will see
Kaperoni 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 indicated 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."
https://baghdadtoday.news/ar/news/120375/%D9%85%D9%82%D8%AA%D8%B1%D8%AD-%D8%B9%D9%84%D9%89-%D8%B7%D8%A7%D9%88%D9%84%D8%A9-%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-
Dave Kap care to mention free float or managed float....?
Kaperoni Dave the article tells u
Kaperoni Al-Akidi indicated that "floating the dinar against the dollar is launching the process of buying and selling without any limits
Dave neither thanx anyway
Dave Shocked to read that Iraqis economy is hurting....wonder why?
Kaperoni Wonder why they never talk RV? lol
Dave just talk of dropping 3 zeros and increasing the purchace pwer of thr IQD
Dave ohhh...LDs toooo
Dave what ever that means.....?
Dave .......wheel barrows......?
Dave seen those pics of those IQD notes .......not yet in circulation
Dave ?
Doug_W Dave WHO are U talkng to?
20 May 20, 03:42 PM Dave that was quick....still no answers to any simple questions
Doug_W Silver:$17.68 +0.09
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