News, Rumors and Opinions Friday Morning 9-25-2020
TNT:
Tishwash: Iraq seeks to draw a new financial map and demands speedy approval of the 2020 budget
Mubasher: The Parliamentary Finance Committee in Iraq confirmed that the government reform paper will draw a new financial map for the next year.
The committee stressed the need to achieve internal or external borrowing, and to expedite the approval of the 2020 budget to ensure employees' salaries, citing the Sons of Iraq Agency, "INA", today, Friday.
Committee member Sadiq Mdloul told the agency: "Approving the 2020 budget as quickly as possible will fulfill many demands, including the salaries of employees, new appointees, free lecturers, covered by Resolution 315, transferred from one ministry to another, first to colleges, and investment projects."
A member of the committee explained that the government reform paper has a significant impact on the 2021 budget, because it has not been achieved in the 2020 budget, and that the Minister of Finance requested time from the Finance Committee to prepare it, indicating that “the reform paper needs deliberation, study, planning and consultation, in order to deliver a real paper that is approved. It must all the state's financial institutions, as well as achieve goals in the future and draw a new financial map in 2021. " link
Cutebwoy: With documents and names … Nouri al-Maliki’s gangs control Iraq’s banks and plunder currency auctions to finance Iran and Hezbollah
September 24, 2020
Al Arabiya exposes Iran’s militias controlling the oil money and the “Central Bank”
in a report full of terrifying details, which shows a terrible face of corruption in Iraq and the extent to which Iran’s gangs are able to control the scene in Iraq, and control bank money. A professional investigative report published by Al-Arabiya exposed Iranian men who seized billions of dollars and seized them daily and with the launch of hard currency auctions.
And “Al-Arabiya..Net” revealed in its report, which was re-published by the “Baghdad Post,” because of its great importance.
It seems remarkable the changes that have occurred in high-ranking positions, including that of the governor of the Central Iraqi Council, Ali Al-Alaq, and the appointment of Mustafa Ghaleb as his successor!
This change in a high-level financial position indicates anything, as it indicates the extent of corruption that has permeated the top of the hierarchy of the Iraqi economy and its financial and banking institutions.
The “Al Arabiya” report revealed a large network of Iraqi businessmen and banks that acquired the so-called foreign currency sale window in the Central Bank of Iraq.
So it becomes clear, and with the documents that we will review, that they are shell companies belonging to Iraqi people loyal to Iran that obtain dollars supported by the Iraqi Central Bank under the pretext of importing goods and goods to Iraq.
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Courtesy of Dinar Guru
Frank26 The 2020 budget does have the program rate in it right now. But when the window opens for the 2020 budget to be complete it will introduce a new rate. It can certainly happen in these next three months IMO. The "operational budget" was recalculated a number of times. The exchange rate was recalculated over and over again...the 2020 has the new rate but the new calculation of the Iraqi dinar exchange rate are ready if this window opens...The key is Iran...When will that window open? I believe they have the security and stability right now for that window open wide open. I believe we are seeing it busting open. I can hear the glass breaking and hitting the concrete...the calculations for the 2020 budget are complete and wanting to be activated at a new exchange rate of 1 to 1. And it only goes up from there.
Pimpy ...remember...even if they did a rate change right now over here in America it'd be really hard to exchange your currency. There are some restrictions on the currency...Article: "Iraq announces its exit from the list of "high risk" countries and an increase in its oil exports" Quote: "The Ministry of Foreign Affairs announces that it has succeeded in reinstating the activities of 169 Iraqi companies and institutions out of the 230 entities banned by the U.N Security Council resolution 1518 which classifies Iraq as a high-risk country seeking to lift a ban on the rest of the entities." Yay! Come on Iraq! That means they're doing good. We're almost there...Yeah,...we're not out of the wood-works yet but we're still working on it...Iraq is being allowed to open more and more to the international community. This is good news. Very excited about this. This is what we were hoping to see...
Iraqi Dinar News Update - great news
Pimpy’s Investment Chat: Sep 24, 2020
Federal Reserve to Deposit Digital Dollars to Americans
RedPill78 Sep 24, 2020
Bob Kudla joins us today to break down the announcement from the Fed that they will be directly depositing their own crypto currency to American accounts. What are the implications for the future of paper currency? What about the banks? What happens if we switch to a digital currency and they use it as a means to censor people for political wrong think? Is this a soft step into a Socialist America?
https://www.youtube.com/watch?v=OQQ7_Gzkjxo