More News, Rumors and Opinions Saturday Afternoon 4-18-2020

TNT:

Tishwash:  Parliamentary Economy: The government does not intend to borrow abroad to solve the financial crisis

The Parliamentary Commission on Economy and Investment confirmed on Saturday that the Iraqi government has no intention of borrowing abroad to solve the financial crisis and secure employee salaries.

Committee member Mithaq Ibrahim said in a statement to "Information", that "the government is able to avoid the financial crisis at the present time by using internal loans or activating some resources", pointing out that "activating the industry and agriculture can fill the financial losses due to the collapse of oil."

She added, "The government has a responsibility to search for other alternatives to move away from total dependence on oil revenues," noting that "the government does not intend for the time being to go towards external borrowing to solve the financial crisis it is going through to secure the salaries of employees."

She noted that "the salaries of employees will be fully secured for the current month," explaining that "the financial crisis may be observed directly during the next month in the event that oil prices continue to fall."   link

Courtesy of Dinar Guru

Jeff  ...Iraq showed you they had shut down their ISX in order to change and increase the exchange rate...This is real easy...if they have to shut down and stop the ISX to be able to change the rate that means that based on cause and effect they can't turn the ISX back on until the rate has changed.  Right there they're telling you what you can look for to know exactly when the rate is gonna change.  It's the ISX because they're telling you the ISX can not go back online until the rate has changed. [post 1 of 2]

Jeff  So when the ISX goes back online the rate will have already changed...It's that easy. As of right now we do know that the ISX time period has only been extended through Saturday April 25th.  Right there they're telling you that the ISX date for it to go back online and in service will be Sunday April 26th...by reinstating the ISX stock exchange on a Sunday that allows them to change and increase the exchange rate on a Sunday morning before the ISX goes back online at 10:00am Iraq time in the morning... There's only one Sunday left in the month of April after this weekend... The ISX has the handwriting all over it.  [post 2 of 2]

Pimpy  I bank personally at Wells Fargo.  I have spoken to my Wells Fargo manager and when I went to go talk to him about the Iraqi dinar the first thing he said is, 'well just let me say this first and foremost.  At the moment we don't buy nor do we sell or exchange Iraqi dinar.'  Then he said, 'Having said that, once it's recognized internationally again that's different.  Once it's on Forex.'  He said, 'You'll walk into the bank.  You'll get my attention.  You will let me know what you have, how much you wanted to go ahead and deposit.  I will let you know what the rate is and then we just go ahead make the deposit.'  There's no 800 numbers and nothing like that...

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[DS] Kept Technology From The People, It's All About To Change, Controlled No More: Zach Vorhies

X22 Report spotlight: Apr 18, 2020

https://youtu.be/gs56eqTT9mc?t=2