News, Rumors and Opinions Monday Night 5-2-2022
KTFA:
Frank26: "FAMILY WE TOLD YOU THE BUDGET WAS COMPLETED LAST WEEK".....F26
Adviser to Al-Kazemi: The budget is completed, and political pressures have disrupted the approval of the new salary scale
2022-04-30 21:21
Shafaq News/ The technical advisor to the Prime Minister Haitham al-Jubouri confirmed on Saturday that the 2022 budget has been completed by the Ministry of Finance, noting that political pressures have hindered the approval of the new salary scale.
Al-Jubouri said during the program "The Duty of Frankness", which is broadcast by the semi-official Al-Iraqiya channel, that "the salary scale has reached the voting stage, but it was not approved due to political pressures."
He explained that "the 2022 budget has been completed by the Ministry of Finance and that the Food Security Law is not a substitute for the budget."
Al-Jubouri pointed out that "the surplus achieved from the increase in oil prices is 25 trillion dinars," calling on employees to "pressure Parliament to pass the Civil Service Law."
And he added, "Iraq does not have food stocks for two months or a month," explaining that "food prices have tripled before Ramadan."
He stressed that "the government has taken measures to control the "obscenity" of some merchants."
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Frank26: "MR. ECONOMIST YOU KNOW VERY WELL IT'S TIME... OR YOU WOULDN'T CONTINUE TO BRING UP THE SUBJECT"........F26
Is it time to delete zeros? Economist commented
04/28/2022 14:29:00
An economist commented on the benefit and harm of deleting zeros from the Iraqi currency.
Nabil Al-Marsoumi told {Euphrates News}: "The process of deleting zeros from the dinar is a technical process that costs the state large sums of money as a result of destroying the current currency and issuing new ones."
He added that "the deletion works to reduce the cost of transactions only and does not affect the economic reality in anything because the purchasing power of the citizen will remain the same by deleting the zeros only, and does not raise the value of the dinar."
Al-Marsoumi stressed that the deletion of zeros "will have a very limited impact on prices." LINK
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Frank26: "MAY 7TH"...........F26
Ahmed Al-Rubaie to / NINA /: The political forces with a quick solution to the political blockage..and no indications to proceed with early elections
Baghdad / NINA / - Representative Ahmed Taha Al-Rubaie confirmed that the political forces are working on a quick solution to the current political impasse.
He told the National Iraqi News Agency ( NINA ) that the current reality cannot remain like this without a solution, and a quick breakthrough must be reached to end the current political reality.
Al-Rubaie added: So far, there is no serious intention or clear will for any bloc towards dissolving Parliament and moving towards early elections, officially, publicly and clearly...excluding that and no indications around it. LINK
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From Recaps Archives:
Subject: For Dinar - What you will see on Forex or CBI WHEN IT RVs
$ RATE = What you will see on Forex or CBI
$ .86 = 1.162
$ 1.00 = 1.000
$1.17 = 0.854
$1.86 = 0.537
$2.00 = 0.500
$2.50 = 0.400
$3.00 = 0.333
$3.22 = 0.310
$3.46 = 0.289
$3.50 = 0.285
$3.86 = 0.259
$4.00 = 0.250
$4.10 = 0.243
$4.40 = 0.227
$5.00 = 0.200
$5.25 = 0.190
$5.50 = 0.181
$6.00 = 0.166
$7.00 = 0142
$8.00 = 0.125
$8.25 = .0121
$8.50 = .0117
$9.00 = 0.111
$10.00=0.100
Iraqi Dinar update for 05/02/22 -waiting on Sadr
Pimpy’s Investment Chat:
Plunge Protection Team SAVES THE MARKET! Epic Turn Around. The 10yr Hits 3%! ECONOMY DONE.
Greg Mannarino: 5-2-2022