More News, Rumors and Opinions Thursday Afternoon 3-2-2023
TNT:
Tishwash: Iraq's revenues and expenditures during 2022.. investment spending is only 10%, and a financial surplus of about 30 trillion dinars - Urgent
Today, Thursday, the economist Nabil Al-Marsoumi revealed the data and indicators of the Iraqi state’s accounts for the year 2022, as the total spending amounted to about 117 trillion dinars, of which investment spending accounted for only 10%, while the financial surplus amounted to nearly 30 trillion dinars.
Al-Marsoumi stated, in a clarification received by "Baghdad Today", that "public expenditures during 2022 amounted to 116.959 trillion dinars, including: operating expenses = 104.941 trillion dinars, and investment expenses = 12.018 trillion dinars."
He explained that "the ratio of operating expenses to general expenditures amounted to 90%, while the ratio of investment expenditures to general expenditures was 10%."
He explained that "public revenues amounted to 161.697 trillion dinars, including: oil revenues = 145.038 trillion dinars, non-oil revenues = 7.658 trillion dinars, as the percentage of oil revenues to total revenues reached 95%, while the percentage of non-oil revenues to total revenues amounted to 5%."
The total public expenditures with total advances amounted to 131.823 trillion dinars, so the fiscal surplus achieved for the year 2022 amounted to 29.874 trillion dinars. link
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Tishwash: A government bank directs its branches to sell the dollar on Friday and Saturday
Rasheed Bank announced today, Thursday, a new mechanism for selling dollars on Fridays and Saturdays for the purpose of receiving travelers.
The bank said in a statement, of which (Baghdad Today) received a copy, that "for the purpose of receiving travelers, we decided to sell the dollar on Friday and Saturday," noting that "the designated branches are ten branches on both sides of Karkh and Rusafa" and are as follows: Al-Mahmudiyah / Al-Bayaa / Al-Ma’mun / Tigris / Revolution of the Twentieth / Al-Shula / Al-Karkh).
And the Rasheed Bank had announced on the twenty-sixth of last February a new mechanism for travelers, which is to review the branches that were designated to deposit the amount in Iraqi dinars and then receive the dollar from the Baghdad International Airport branch (exclusively).
On Friday, the 17th of last month, the official spokesman for the federal government, on behalf of Al-Awadi, announced the adoption of the official exchange rate of the dollar against the dinar at all Iraqi Airways outlets.
And the Central Bank of Iraq had decided, last January, to include banks that are allowed to participate in the electronic platform and wishing to participate in selling cash dollars for the purposes of travel, treatment and study.
The bank directed government banks (Al-Rafidain - Al-Rasheed - Trade Bank of Iraq TBI) to expand outlets for selling cash dollars to travelers in the country's airports (Baghdad - Basra - Najaf - Erbil - Sulaymaniyah).
It is noteworthy that the Central Bank, in cooperation with the federal government, issued strict instructions to limit the smuggling of hard currency outside the country. link
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Courtesy of Dinar Guru
Mnt Goat ...when I talked to my CBI contact late last week it was a very positive conversation and I was left with the impression that this RV saga could finally be over much sooner than we think. I could not get a date since my contact told me there is no date set and that there are only targets.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: They're telling us only to use ours [dinars] but hold on to it...they're saying this will make our dinar stronger. They told us our reserves are now something like $117 and the gold is over 132 tons. Both of them they're telling us are the highest ever...
Budget will reach Soudani by the end of this week
Nader From the Mid East: 3-2-2023
"I Didn't Believe Evil At This Scale Existed..." - Mike Maloney on CBDCs
Mike Maloney was recently asked for his opinion on Central Bank Digital Currencies by Daniela Cambone of Stansberry Media.
See what Mike has to say, and how gold and silver could provide some much-needed honesty in today's video.
Click the link at the end of the clip to watch the full interview.