More News, Rumors and Opinions Tuesday Afternoon 8-20-2024
TNT:
Tishwash: "Iraq's bank reserves are excellent".. Parliament: We have sufficient resources to cover any financial crisis regarding salaries - Urgent
The Finance Committee of the House of Representatives confirmed, on Tuesday, that there are sufficient resources to cover any potential shortage in salaries.
Committee member Jamal Kojer said, according to the official newspaper, that "financial matters are under control and the government is fully committed to securing employees' salaries on time without any delay."
He pointed out that "the statements of the Minister of Finance and the Governor of the Central Bank confirm that salaries are fully secured this year, and that there is no fear in this regard." link
Tishwash: Deputy: The coming months will witness the announcement of the international coalition's exit from Iraq
The representative of the coordination framework, Abdul Amir Al-Mayahi, confirmed on Tuesday that the next few months will witness the official announcement of scheduling the withdrawal of the so-called international coalition from Iraqi territory, pointing out that there is seriousness on the part of the government to resolve this issue and make Iraq free of foreign military presence.
Al-Mayahi told Al-Maalouma Agency, “There are negotiating committees that have reached their final stages regarding scheduling the removal of all foreign forces, or the so-called international coalition, from the military bases within which they are located.”
He added, "The government is serious about scheduling the exit of the aforementioned forces, but the current conditions in the region prevented the announcement of this schedule after it was scheduled to be announced to ensure the exit of the forces from Iraq."
He stated, "The next few months will witness the announcement of scheduling the international coalition's exit from Iraq, through the negotiating committees formed between the two sides, thus ending the foreign military presence inside Iraq." link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh on TV talking about the possibility of using the dinar instead of the dollar on oil sales. He's talking about how and why... FRANK: Sudani is now sending people on a daily basis out to talk to you...If it's not Saleh talking to you about the monetary reform, it's Alaq reminding you you're going to get purchasing power...Then it's himself that comes out and tell you the project to lift the three zeros is still on the table, we're going to give you purchasing power like we promised you this year...Your purchasing power is coming.
Militia Man Article quote: "Central Bank's inability to meet the needs of Iraq dinars which may force an increase in issued monetary mass." They didn't say dollars, they said the need for dinar. Why would they need to have dinar? Remember...they've been bringing in 25k notes because...they're doing electronic. All that money that comes in gets credited on cards. They've been absorbing cash... What were they doing in the background? They were destroying money...They didn't tell you how much money they destroyed...But they're saying they're having a problem with liquidity...a problem...to meet the need for Iraq dinar...They're going to need money to be replaced. Could that be the new small category notes with more value? ...Why in the world would you go out and destroy a bunch of money... make it into pellets for burning, when you're going to go and create new 25k notes. Does that make any sense to anybody? Do you think they built that big, huge massive building...to have more inflation and a cheaper exchange rate less that 1310? That's what they would be doing...That doesn't make any sense whatsoever.
WARNING: Banks Are Preparing for an Imminent Banking Crisis as Property Foreclosures Soar
Lena Petrova: 8-19-2024