More News, Rumors and Opinions Thursday Night 5-21-2020
KTFA:
Don961: Adviser to the Prime Minister: We have a problem securing the June salaries ... Our revenues are very weak
Policy 05/21/2020 21:38 4655
Baghdad today _ Baghdad
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the existence of a supreme committee specialized in public financial engineering re-engineering in Iraq.
The official news agency quoted him as saying today, Thursday, that "the revenue collection for the month of May came less than 2 trillion dinars, while the actual need is more than five trillion dinars only to secure salaries except for the expenses of the other country," noting that "non-oil revenues are very few as It is about 100 billion dinars per month. "
Saleh added that "the government secured the salaries of this month through borrowing from the three government banks," noting that "there is a certain mechanism to secure salaries only."
He stressed that there is a big problem in how to secure the salaries for the month of June, especially since the oil revenues for the month of May are very weak, pointing out that "the work team that formed the finance is working to secure the salaries for the month of June."
Saleh announced a financial reform that includes a review of high salaries and at the same time protecting small employees who receive few salaries with the possibility of raising them, taking into account that the sixth month salaries will be spent in accordance with the financial reform in addition to revenue, explaining that "the government is currently using a monthly financing budget Not allocation. "
Saleh disclosed that a higher committee for financial and economic reform works to properly re-engineer public financial engineering in Iraq and put it in new controls and standards.
And on the budget law, Saleh drew attention to the possibility of issuing the law after the month of July to cover a whole year while preparing for the budget for next year, indicating that the new appointees cover and their salaries if their administrative orders are legal. LINK
Courtesy of Dinar Guru
Frank26 ...the information is flowing very rapidly now. I mean very rapidly about the redenomination, the monetary reform, the reinstatement of their currency...this article...that blew everybody up...what they're trying to tell you is that it's not that the Iraqi dinar is going to go down in value in fact a few days ago they said 'we're gonna print a whole bunch of currency' and the people in Iraq (my fireflies) they lost it!...look guys it's their job to confuse you...it's all fake news...the confusion seems to have ironed itself out in my opinion...today we see this article from the meeting with the CBI and the Fab 4 clearly explaining the true path of the monetary reform. The RD is becoming very very loud. They are implementing a new currency with a new rate...they're fully committed to raising the value of their currency...Where is the redenomination? Where are we in that process? I think we're ready to see a change...
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TNT:
Tishwash: The World Bank to the Ministry of Planning: ready to help Iraq quickly
On Thursday, Minister of Planning Khaled Battal Al-Najm received the World Bank mission, and discussed with them ways to enhance national efforts to confront the Corona virus pandemic and the financial crisis.
A statement of the ministry, "People" received a copy of it (May 21, 2020) that "the Minister of Planning received the resident representative of the World Bank in Iraq, Ramzi Noman and his accompanying delegation, and discussed a number of issues of common concern, ways of strengthening national efforts to confront the emerging Corona virus pandemic, and ways The guarantor in dealing with the effects of the current financial crisis that Iraq is going through, due to the drop in oil prices. "
Battal valued, according to the statement, "the level of support provided by the World Bank mission to the efforts of the Iraqi government," calling for "a review of the structure of support provided to Iraq in accordance with the priorities of the current health and economic conditions."
He explained that "measures adopted by the Ministry to mitigate these consequences at the immediate and medium levels, and to present a reform plan to address the future repercussions that the crisis will exert, represented by the high rates of poverty and unemployment, as a result of the economic downturn, the decline in growth rates, and the decline in gross domestic product."
For his part, Ramzi Noman expressed "the mission's readiness to provide all kinds of rapid and possible support that Iraq needs to face the current conditions", praising at the same time, "the measures taken by the Ministry of Planning to face the repercussions of the crisis and contribute to protecting fragile segments of society, and the perpetuation of the wheel of life ". link
Phase 2 Of The China Trade Deal, Weaken China, Rework Supply Chains: Bob Kudla
X22 Report Spotlight: May 21, 2020
Todays Interview: Todays interview is with Bob Kudla.
The interview starts off with Bob discussing the economy, that it will recover but it will take some time.
China trade deal might not happen but because of the event the Chinese supply chains are being looked at and reworked.
China is now weakened. Gold and silver are ready to move.