More News, Rumors and Opinions Monday Night
TNT:
Tishwash: A deputy in the Kurdistan Democratic Party explodes a surprise: restoring confidence in the Al-Kazemi government
Kurdistan Democratic Party deputy, Ikhlas Al-Dulaimi, confirmed that her bloc, with the dissolution of Parliament, is within the constitutional and legal frameworks, while indicating the possibility of restoring confidence in the government of Prime Minister Mustafa Al-Kazemi.
Al-Dulaimi said in a television interview, which was followed by / Mawazine News / that "Muqtada al-Sadr left the political process, and his condition was not to participate in the state of law in the government, and the framework did not take advantage of this opportunity, and nominated a prime minister from the state of law, and therefore this issue was provocative to the Sadrist movement."
She added, "The political blockage has reached a very big stage. We are afraid that it will reach Saddam and fighting," adding: "This is why there were signs."
The member of the House of Representatives says: Al-Dulaimi asked, by saying: “Will the Democratic Party benefit from this issue,” noting that “in my personal opinion, if there is an agreement from Al-Sadr and the political parties on the survival of Al-Kazemi’s government, it is possible that we enter the parliament, and vote on the President of the Republic, with the re-establishment of The confidence of the Al-Kazemi government and some of the ministers who are there, perhaps, the speaker of parliament is elected and this government takes its measures for a period of 6 months or a year, until it prepares for new elections.
Al-Dulaimi expected that "Al-Sadr rejects all initiatives, and this issue is very relevant, because he seeks to keep this government until early elections and considers the results of these elections null, and prepares for new elections," stressing that "the initiatives are very necessary, perhaps bringing distances closer."
Al-Dulaimi said that her bloc "with the dissolution of Parliament if its solution solves the problem, meaning if we reach a dead end, we may go to this solution in accordance with the constitutional and legal frameworks, with guarantees for this solution that this tragedy will not be repeated," adding, "What is the benefit of the elections if they are repeated? These problems, therefore, come back to the same point.
Regarding Hadi al-Amiri’s visit to the Kurdistan region, al-Dulaimi said that “the personality of Hadi al-Amiri may be more acceptable than other personalities in the coordination framework, and even for al-Sadr,” believing that “all scenarios are possible, such as dissolving Parliament, and early elections that need management, the mechanism of their occurrence, the articles Constitutional Court, the High Elections Commission, and the government that supervises it.” link
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Courtesy of Dinar Guru
Pimpy A "Floating Exchange Rate" is a regime where the currency price of the nation is set by the Forex market based on supply and demand relative to other currencies. This is in contrast to a "Fixed Exchange rate in which the government entirely or predominately determines the rate. We know right now the Iraqi dinar is on a fixed rate. A floating exchange rate is one that is determined by supply and demand... [Post 1 of 2....stay tuned]
Pimpy If there's a huge demand for the Iraqi dinar, and I would imagine once it hits the Forex you would see people streaming over to it, it would definitely change the Iraqi dinar's exchange rate. It would increase it...right now Iraq's currency is pegged to ours. It's not floating. Once it floats though it should be a free-for-all. I'm curious to see how the Iraqi dinar is going to handle being on the Forex market. [Post 2 of 2]
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KTFA:
Samson: The Governor of the Central Bank of Iraq meets the US Ambassador to Iraq
15th August, 2022
His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mokhif, received the US Ambassador to Iraq, Mrs. Alina Romanowski and her accompanying delegation.
His Excellency reviewed the efforts of the Central Bank to support development through monetary policy tools and the direct impact of its initiatives on the real sector progress, job creation and sustainability. In addition to the efforts made in combating money laundering and terrorist financing by adopting an integrated legal system and effectively applying it to the sectors that may be used to commit it.
His Excellency also discussed the importance of cooperation between the two countries regarding monetary policy and activating financial instruments.
For her part, the Ambassador affirmed her support for the Central Bank and its independence and contributed to the training of its employees through financial institutions that have continuous partnerships with the Central Bank, noting the success of the Central Bank's policy and modern methods of managing it, which was manifested in the indicators of cash and gold reserves.
The Governor expressed his thanks for what the American financial and banking institutions provide to protect the Iraqi financial and banking system and support them in applying the best international standards, as well as for the support, technical expertise and training they provide for Central Bank employees.
Central Bank of Iraq
Media Office
15-August 2022 LINK
Think inflation is over? Wrong, 'moderate hyperinflation' will come eventually - Nathan Lewis
Kitco News: 8-15-2022
Inflation is still not over yet, despite lower a lower CPI report, according to Nathan Lewis, editor of the Polaris Letter.
0:00 - What is inflation?
5:10 - Has inflation peaked?
8:40 - Inflation projections
11:10 - Inflation during recessions
12:44 - Deflation? 13:54 - Dollar's value vs gold
15:45 – Austerity
18:00 - Inflation Reduction Act
19:10 - 'Moderate hyperinflation'
23:00 - Price controls 25:00 - Gold standard
28:00 - No need for money?
31:11 - Bitcoin created by NSA?