More News, Rumors and Opinions Tuesday Evening 6-15-2021
TNT:
Tuesday UPDATE for June 15, 2021
Iraqi news is broadcasting that agreements have been met within Baghdad to allow funding from the budget to Kurdistan. The budget-based payments are stated to be retroactive back to January of this year. (Could this be the "last stitch" needed to "sew this up" and move onward?)
Even though several bank sources are projecting to be exchanging us by the end of this week, other intel sources are focused on "by the end of this month."
Time Will Tell!!
Tishwash: After Barzani’s announcement, a government source clarifies how to pay the region’s share of the budget
A government source explained how to pay the Kurdistan region’s share of the federal financial budget for 2021.
The source told {Euphrates News}, that “the amount will be an advance and for the purpose of addressing the suffering of the region’s employees who have not received their salaries for a while.”
The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, announced this evening that he had reached an agreement with Baghdad regarding the region’s budget after his phone call with Prime Minister Mustafa Al-Kazemi.
Barzani said in a statement: “I am pleased to announce that an agreement has been reached under which the dues from the federal budget will be sent back to the Kurdistan region, with a retroactive effect, starting from January 2021.”
And he added, “During our phone call, I thanked him for his leadership, and I thanked the federal government for its support for this important turning point, through which we together overcame this difficult and long-standing obstacle.”
The Kurdistan Regional Government announced two weeks ago that it would send two important files to Baghdad related to “the region’s oil expenditures and non-oil revenues.”
And regarding sending the salaries of the region’s employees, the spokesman for the Kurdistan government, Jutiar Adel, suggested that “this issue will reach the implementation stage, and part of it has already reached the implementation stage, and in the near future financial dues will be sent to the Kurdistan region within the federal budget.”
It is noteworthy that the House of Representatives voted on March 31, 2021, to approve Article (11) of the Iraqi Budget Law for 2021, which is related to the Kurdistan Region’s share of the budget.
The Kurdistan region needs 895 billion dinars per month to distribute salaries without deduction, ie up to 10 trillion and 740 billion dinars annually. link
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Courtesy of Dinar Guru
Frank26 [Community member bank story] Member: I was talking to the Nova Scotia Bank and I asked it they'd be doing currency exchanges for foreign currency. They said yes. They even looked up the rate and told me what it was at the time. I was really excited. Frank: Did you specifically say the Iraqi dinar or did you just say foreign currencies? Member: They asked me what currencies and I told them the Iraqi dinar and dong. Frank: So Nova Scotia Bank in Canada is telling you they will do exchange with the Iraqi dinar whenever you want, right? Member: Yep, that's right. Frank: ...it's interesting to see that Nova Scotia is talking to you very comfortably. They are not being paranoid, 'Oh, we don't know anything. It's a scam. We don't do the dinar.' No. They treated you very business like didn't they? [post 1 of 2....stay tuned]
Frank26 [Community member bank story continued] Member: Yes they did. It was very business like and well done. They didn't say it was a scam or anything... Frank: Canada, you now know the bank that will be exchanging the Iraqi dinar. I find it interesting that that bank was saying no and now they're saying yes. IMO I think it's because banks are a little more savvy because the World Bank has been talking to the BIS and have been talking to many central banks. When's the last time you've had Wells Fargo say, 'No, it's a scam!' No. I don't hear that anymore...anyone who treated me like an imbecile all these years will never get my business... [post 2 of 2]
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