Monday Night KTFA CC with Frank26 and Team "The Kuwait and China Syndrome" 12-21-2020

KTFA:

KTFA CONFERENCE CALL MONDAY NIGHT...

With Frank26 and Team MilitiaMan, Delta, Petra and Walkingsick

Special Guest is Bluestar

PLAYBACK IS: 605.313.5163 PIN: 156996#

12-21-20.... THE KUWAIT AND CHINA SYNDROME

Frank26:  Both China and Kuwait misdirected before their Revaluations.

This video is in Frank’s and Team’s Opinion only!!!!

https://www.youtube.com/watch?v=SuYlXfmxTyg

Clare:  Iraq approves 2021 budget

EconomyIraq 2021 budget

 2020-12-21 13:19

 Shafaq News / Iraq’ Council of Ministers approved on Monday the 2021 state budget.
The cabinet held special meetings headed by Prime Minister Mustafa Al-Kadhimi and approved the fiscal budget of 2021. 

No further details were shared.

A leaked draft of Iraq’s state budget sent Iraqis into a panic on Thursday as it confirmed the government’s intentions to devalue the national currency, the Iraqi dinar, and cut salaries to cope with the impacts of a severe economic crisis.

Discussions about devaluating the Iraqi dinar, which has been pegged to the dollar for decades, have been going on for weeks as the government worked to finalize the 2021 budget.
The draft law, which has to go through a parliament vote first, gives an anticipated exchange rate of 1,450 Iraqi dinars for the dollar — a significant drop from the central bank’s current official rate of approximately 1,182 dinars for $1.

Will:  also in Reuters   2021 budget  

Atpinfinity:  What is this about at the bottom of Reuters Bagdad Dec. 21, 2020

Iraq has the world’s fourth-largest oil reserves and depends on oil revenues to fund 95 percent of its national budget.

($1 = 1.45 Iraqi dinars)

Reporting by Ahmed Rasheed; editing by David Evans and Angus MacSwan

Our Standards: The Thomson Reuters Trust Principles.

Sakcorta:  Imo.... did Reuters just let the cat out of the bag?

Previous
Previous

More Iraqi News Monday PM 12-21-20

Next
Next

TNT, X22 Reports, Pimpy and more Monday Night 12-21-2020