More News, Rumors and Opinions Monday Afternoon 3-15-2021
KTFA:
Samson: Legal explains how to recover smuggled and frozen money
11:11 - 15/03/2021
On Monday, the legal expert, Ali Al-Tamimi, explained how Iraq recovered the frozen funds belonging to the buried regime, as well as the smuggled money.
Al-Tamimi said in a statement to "the information", that "the best international move to retrieve the money smuggled abroad, which is estimated at 500 billion dollars, can be through the money laundering agreement for the year 2005 and signed by Iraq in 2007 with the help of these countries, as well as cooperation via Washington according to Article 28 of the agreement." Iraqi American for 2008”.
He added, "Iraq can recover its money as well, according to Article 50 of the United Nations Charter, which affirms the right of countries fighting organizations placed under Chapter VII of the United Nations Charter to request the assistance of the United Nations, and Iraq was fighting ISIS subject under Chapter VII under Resolution 2170 of 2014."
And that "Britain has shown its willingness to help in this file, and these countries contain in their countries a lot of smuggled money and are also wanted by the judiciary and also can help Iraq to retrieve these funds, as well as the presence of $ 65 billion in the US Federal Bank frozen back to the former regime, and Iraq can claim according to the above agreement for the year 2008”. LINK
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Samson: Parliamentary Finance explains the reasons for postponing the budget presentation in today's session
08:50 - 15/03/2021
A member of the Parliamentary Finance Committee, Muhammad Ibrahim, explained, on Monday, the reasons for postponing the presentation of the budget on the agenda of today's session, pointing out that there is almost a consensus between Baghdad and Erbil on the budget settlement.
Ibrahim said in a statement to "the information", that "the budget was postponed to tomorrow's session, Tuesday, due to the presence of some technical measures, as well as in order to complete some aspects related to it and then submit it to a vote."
He added, "There is near-consensus between Baghdad and Erbil to pass the budget, as the postponement of its presentation in Parliament is to give more time about the agreement between the two sides on the contentious articles in the budget."
He stressed that "Article 11 of the budget is the focus of the dispute between the two governments, especially with regard to the region's dues since 2004 and the quantities of oil exported across the region, as the issue is still revolving around political dialogues." LINK
Jerry1971: BUDGET POSTPONED TILL TUESDAY FOR VOTE…. GOOD NEWS MAY BE FINALLY BAGHDAD AND ERBIL ARE IN AGREEMENT OVER THE BUDGET DISTRIBUTION REGION WISE ….HOPEFULLY THEY GET THIS BUDGET AND HCL DONE AND APPROVED TO LET THE NEW RATE COME THROUGH ….ALL GOOD NEWS COMING FORTH THIS WEEK IMO…. HOPEFULLY. THANKS SAMSON
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Samson: MP: 150 parliamentarians are unanimous not to attend today's session because it is devoid of the budget
16:42 - 15/03/2021
The coalition of Iraqis announced, on Monday, that there is a representative agreement for more than 150 deputies not to attend today's session due to the absence of the agenda from the budget law.
The MP for the Alliance of Iraqis, Star Al-Jabri said to / the information / that "many MPs from various political blocs have submitted a request to the Presidency of Parliament, accompanied by signatures of more than 150 deputies, to include the budget in the agenda of today's session."
He added that "the presidency of the parliament presented the agenda and is devoid of the budget, and the request for signatures was neglected. The budget was not included to allocate the session to pass the Federal Wisdom Act."
He added that "the signatories unanimously agreed not to attend the session designated today for the absence of the budget from the agenda," noting that "it is possible to enter the session in the event that the presidency recedes and the budget was included in today's session." LINK
Courtesy of Dinar Guru
Jeff No one knows what the rates going to be...I feel the true final rate will be around $3.80. that's my opinion. I want to put out a possibility...Iraq devalued their currency to get 3 zero notes out of circulation in Iraq. They could do something similar to that for you and I. They could release a sucker rate of 1 to 1...They did it for 90 days in Iraq with the devaluation - I think they'll do this 1 to 1 sucker rate again for 90 days. You're gonna want to pay attention...after that 90 days that's when they would hike it...around Sunday June 20th. [Post 1 of 2....stay tuned]
Jeff What should you do with the one dollar sucker rate? ...most people will have some quick bills they have to pay so a simple recommendation maybe just go exchange...just enough money to keep your head above water...and then once the rate goes up to a higher mark after the 90 days then you can go cash out the bulk of it. But even after 90 days the rate can still go higher than that so I don't recommend rushing this thing. You have to remain patient with it. [Post 2 of 2] [Note: Consult your professional financial advisors at the appropriate time to build the right strategy for you and your family's specific circumstances.]
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Iraqi Dinar update for 03/15/21
Pimpy’s investment Chat: Mar 15, 2021