More News, Rumors and Opinions Thursday Night 3-25-2021
TNT:
Cutebwoy: A parliamentary committee announces the inclusion of the Kurdistan Region in the petrodollar fund
Shafaq News / The Parliamentary Regions and Governorates Committee announced, on Thursday, that the Kurdistan Region will be included in the petrodollar fund within the general budget law for 2021.
The federal budget, in its version prepared for voting in Parliament, included an increase in the percentage of petrodollars that reached 5 dollars, as well as doubling the allocations for this sector from 500 billion to one trillion dinars, in order to be invested in the advancement of oil-producing provinces.
The head of the committee, Sherwan Al-Dubirdani, told Shafaq News, “The petro-dollar fund was allocated to the oil-producing provinces and the region, but he did not specify the amount, which may be 3-5 dollars per barrel of oil.”
Dubardani added, “The purpose of this fund is to support the southern and central governorates to benefit from the petrodollars, for the purpose of providing services to the people of the province.”
The head of the committee pointed out that “the funds allocated from the petrodollar fund will go directly to the oil-producing provinces and the Kurdistan Region.”
A parliamentary committee announces the inclusion of the Kurdistan Region in the petrodollar fund
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Tishwash: Saeron confirms the presentation of a supplementary budget in the event of continued high oil prices
A member of the Alliance, Ali Al-Lami, confirmed that a supplementary budget will be presented in months, if oil prices remain at their current levels.
Al-Lami said in a statement that Mawazine News received a copy of, that "the current oil prices range from 65-70 dollars per barrel, which are fluctuating and unstable, meaning that they reduce and rise again within hours, but the general situation is that the decrease is not significant."
Al-Lami added, "If oil prices remain at their current levels, which are higher than the average oil price specified in the budget, after months the government will pay a supplementary budget because it will be an increase in revenues and will be distributed by the House of Representatives, as has been the practice in the past years where oil prices are rising.
He pointed out that "oil prices will remain unstable due to the repercussions of the Corona pandemic for a period of time, especially since its impact is direct and clear in the economies of most countries of the world, but in general, changes in prices, whether the rise or fall will not be significant in the short term
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Courtesy of Dinar Guru
Frank26 No body knows when this is going to happen. It looks like it's here doesn't it? I will admit this is the closest I've ever seen it...the new small category notes IMO are coming out very soon at a 1 to 1 rate...didn't I say to you you'd see a plethora, a mountain, a pile, a cornucopia of nothing but articles about the exchange rate of the Iraqi dinar against the American dollar...
Pimpy Article: "We will oblige the government to restore the exchange rate of the dollar to what it was previously" What do they mean "previously"? Did they mean previously to the $3.22 rate? There's a lot of that chatter going on - Or to the one I was talking about which is 1190 dinars...my opinion it would be back to where it was before which is one dollar for every 1190 dinars. That's just my opinion. Could they be talking about the rate that it used to be at $3.22? People are trying to figure out what this means...
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Thursday Night X22 Financial Report
Ep 2436a – People Are Going To Feel The Economic Thunder And Demand Change
The people are seeing the difference. When Trump first introduced the tax cuts it was to give the people a taste of what would be like to have more spending money. Now people will see the difference when [JB] introduces his tax plan. States are opening up and spending and the economy is bouncing back, just like Trump said. People are nervous about inflation, Gold, Bitcoin on deck.
Gold & Basel 3: Gold to Skyrocket?
Miles Harris: Mar 25, 2021
Gold Price New Highs Imminent, Investors Will Get Paid 'Huge' Says Lawrence Lepard
Stansberry Research: Mar 23, 2021
The Federal Reserve is out of tricks and the market smells inflation: “Of course we will have inflation, we are coming out of a pandemic… Ignore the man behind the curtain," market watcher Lawrence Lepard says, describing the Fed’s facile narrative.
Speaking on gold, he tells our Daniela Cambone, "It's ridiculous; gold should be at $5,000 dollars, but I want gold investors to know…. we are going to get paid and we will get paid huge."
Lepard adds, "but bullion banks are doing their thing and trying to sell at odd times."