More News, Rumors and Opinions Late Tuesday Night 5-12-2020
TNT:
Tuesday UPDATE for May 12, 2020
On Tuesday, the Parliamentary Finance Committee has set several options to address the financial hardship:
Exchange rate change
Stop the imports
Stop the currency auctions
Prepare a Special Budget
Open the door for investment
Support the private sector
KTFA:
Samson: Al-Kazemi plans to hold an expanded meeting to discuss the implications of the economic crisis
11:59 - 12/05/2020
The deputy of the Alliance of Raiders Riyad Al-Masoudi revealed, on Tuesday, the intention of Prime Minister Mustafa Al-Kazemi to hold an expanded meeting during the next few days to discuss the repercussions of the economic crisis, noting that the new government if it does not open the doors of investment and economic reforms will be like its predecessors.
Al-Masoudi said in a statement to "Information", that "Prime Minister Mustafa Al-Kazemi called the governmental economic committee, representatives of the economic and investment committee, consultants, experts in the field of economy and investment, and financial experts to an expanded meeting in the coming days for the purpose of issuing a package of economic reforms, foremost of which is bringing capital."
He added that "the process of promoting the Iraqi economy and bringing capital to the country needs to be reinstated in laws that relate to investment, complete facilitation of investors and the creation of a safe environment for investors, whether they are local or foreign."
Al-Masoudi pointed out that "the parliament will support the government in facilitating the task of bringing in capital, both legislative and regulatory." LINK
MilitiaMan: They sure look like they are on the ROAD MAP to go international. Opening the doors to capital. Kuwait was talking about it as well. Large amounts of it too. lol ~ MM
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Don961: 3 options top the measures to confront the economic crisis .. What is the story of private budgets?
2020.05.12 - 12:40
Baghdad - people
Member of the Parliamentary Finance Committee, Muhammad Sahib al-Darraji, stressed today, Tuesday, the importance of adopting a special budget if oil prices continue to decline.
In a statement to the official agency, followed by Nass, (12 May 2020), Darraji said, "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.
Al-Daraji pointed out that "if oil prices continue to decline, there must be special budgets, including a crisis budget that is based on a price lower than the price of oil to walk salaries and health matters as well as other important matters," noting that "this challenge must be exploited and transformed into an opportunity of Through opening the door for investment and allowing the private sector to operate. "
He called on the government to "accelerate the transmission of the budget in a way that reduces the deficit by reducing costs or by changing the exchange rate." LINK
Iobey777: WOW!!
Bravesfan: Change the exchange rate!!!!
YoungSC: As Frank stated to all of us students. Rate will be in the budget to support the financial side of things. Imo
DELTA: THANK YOU DON FOR ANOTHER BOMB ARTICLE..........IMO.....GET READY FAMILY... PM SAID 48 HOURS…. HALF IS GONE...
MilitiaMan: We can do this or that.. The last part is what I expect to see. It makes the most sense as it applies to many key issues; i.e., Secondary markets, purchase power, international standing, able to sell bonds with dollar denominated, hedging, possible addtion into the SDR basket, pay salaries electronically with transparency, taxes and tariffs through customs, etc.. imo It is coming, as they are using the word accelerate! imo This is looking hot hot hot.. lol
Cleitus: Boom! Bam..., Did I hear MOAB speak!?
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