More News, Rumors and Opinions Tuesday Afternoon 12-12-2023
KTFA:
Clare: Parliamentary Finance: Spending only 20% of the current year’s budget
12/12/2023
Baghdad: Shaima Rasheed
The Parliamentary Finance Committee revealed that the government has spent only 20% of the current year’s budget, and expected to release the rest of the budget on December 20, indicating that the government’s move towards currencies other than the dollar will reduce the pressure on demand for it and thus reduce its prices.
Committee member, Jamal Kujar, said in an interview with “Al-Sabah”: The government has spent only 20% of the current year’s budget, and it is assumed that after December 20, a good portion of the budget will be spent for a period of five days until the accounts are closed, noting that with the beginning of New Year Next year's budget schedules are sent.
He pointed out that the government's move towards currencies other than the dollar will facilitate the issue of trade, on the one hand, and push traders to deal with the platform more and reduce pressure on the dollar instead of focusing on it, stressing that it will contribute to stabilizing its official price. LINK
Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: It's a campaign. They are doing this constantly. They keep telling us they want to build up the dinar and make it the gateway of the country. That's what they're telling us - Strength. FRANK: Is this strength at a program rate? Of course not.
Mnt Goat Article Quote: “covering imports from retailers Turkey in tens of millions of euros, through Iraqi merchants paying in Iraqi dinars and the Central Bank strengthening them in euros to settle with Turkish merchants in Turkish lira.” ...WOW! WOW! WOW! Iraq is paying for imports in dinars. We have been waiting for this news for so long now, almost 17 years... We also previously heard that Iraq is trading with Iran in dinars too... this is all VERY GOOD news as this is how international trade should work...
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TNT:
Tishwash: Iraq and China intend to conclude a memorandum of understanding in the field of preventing and combating corruption
The head of the Iraqi Federal Integrity Commission and the director of the International Cooperation Directorate of the Chinese National Oversight Commission (Cai Wei) discussed mechanisms for exchanging experiences in the field of corruption prevention and efforts to combat it and signed a memorandum of understanding between the two sides in this regard.
Judge (Haider Hanoun) stressed, during the meeting that took place on the sidelines of the meeting of the tenth session of the Conference of the States Parties to the United Nations Convention against Corruption, which is hosted by the United States in the period from (11-15) of this December, he stressed the importance of communication And cooperation with the Directorate of International Cooperation of the Chinese National Oversight Committee, noting the necessity of providing a safe environment for foreign companies operating in Iraq, especially Chinese ones, praising what he called “the steadfastness of Chinese companies in the face of corrupt people.” He attributed one of his reasons to the Authority’s efforts and increasing the pace of the deterrent aspect through control operations.
For his part, Director of the International Cooperation Directorate of the Chinese National Supervision Commission (Cai Wei) pointed out that the process of combating corruption requires great efforts and the combined efforts of everyone. In order to build and progress, noting the remarkable development in anti-corruption efforts in Iraq, whether at the deterrent level or at the level of prevention and prevention of corruption, renewing his country’s support for the Republic of Iraq in this regard, and seeking bilateral partnership in the areas of supporting anti-corruption efforts, calling on the presidency of the Commission to convene A private workshop in Beijing; To strengthen ties and prepare for the completion of the draft memorandum of understanding.
It is noteworthy that the United Nations Convention against Corruption and the decisions emerging from the meetings of the States Parties to it recommend that States Parties, when necessary and in a manner consistent with the Convention, conclude bilateral agreements among themselves related to cooperation in the field of preventing and detecting corruption crimes and prosecuting natural or legal persons who have committed them, and to cooperate in Close cooperation between them, in accordance with their internal legal and administrative systems, to enhance the effectiveness of law enforcement measures. link
EXPECT A SYSTEMIC MELTDOWN OF THE HIGHEST ORDER AND AN ENTIRELY NEW SYSTEM.
Greg Mannarino: 12-12-2023
The Alarming Outcomes of a LIQUIDITY SQUEEZE - Rick Rule Joins Mike Maloney
12-12-2023
In this eye-opening conversation, Mike Maloney and guest Rick Rule dissect the hidden impacts of taxes on American households, challenging conventional views on inflation.
They delve into the intricacies of interest rates, government bonds, and the alarming decline in purchasing power of the dollar.
The discussion unfolds with insights into the often overlooked role of precious metals in safeguarding wealth during economic uncertainties.