News, Rumors and Opinions Tuesday 1-12-2021
KTFA:
Samson: The House of Representatives keeps its session going until tomorrow, Wednesday
01/12/2021
The House of Representatives announced that its session will continue until tomorrow, Wednesday, to complete the discussion of the federal budget law for 2021.
A representative source said, {for Euphrates News}, that "the House of Representatives decided to keep its session going until tomorrow, Wednesday, the third hour to complete the discussion of the draft Federal Budget Law of the Republic of Iraq for the fiscal year 2021." LINK
Godlover: This is unprecedented! That in itself should say a lot!!!!!!!!!
Samson: English-language version of White Paper on Iraqi Reforms
11th January 2021
The Iraqi government formally adopted its White Paper for Economic Reforms, prepared by the Crisis Cell for Financial and Fiscal Reform, in October 2020.
A full English-language version of the paper can now be downloaded here.
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Samson: Parliamentary Finance: Approval of the budget law will contribute to solving the economic crisis
12th January, 2021
A member of the Finance Committee, Majed Al-Waeli, said that the solution to the economic crisis that Iraq is currently going through depends on the approval of the 2021 Budget Law as soon as possible
Al-Waeli added, in a statement reported by state television and seen by Al-Eqtisad News, that "returning the 2021 draft budget to the government is not a solution. Rather, the solution lies in holding continuous parliamentary sessions with the relevant authorities to pass the law as soon as possible
He pointed out that "the committee is working to compress operational expenditures in the budget to the maximum extent possible
A member of the Finance Committee also called for "stopping unjustified borrowings or directing them towards vital investment projects such as the Faw Grand Port project LINK
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Samson: The Stock Exchange : Foreign investors accounted for 10% of 2020 trading
12th January, 2021
The Stock Exchange announced, Tuesday, that during the past year, foreign investors acquired 10% of its trading volume
The Executive Director of the Stock Exchange, Taha Ahmed Abdel Salam, said in an interview with "Al-Eqtisad News", to be published later, that "the changes that the world witnessed during the year 2020 greatly affected the activity of the market and shareholders
Abdul Salam added that "some companies listed on the stock exchange invested the partial ban period in completing their requirements related to the quarterly and annual reports," noting that "the stock exchange includes companies from various agricultural, industrial, banking and other sectors
He revealed that “17% of the shares deposited in the stock’s depository center belong to foreign investors,” indicating that “foreign investors acquired 10% of the transactions that took place during 2020, which is a very acceptable percentage for us
The CEO emphasized that the biggest challenge facing the Stock Exchange in 2021 is to develop instructions and regulations for trading to attract new investors and shareholders and encourage unlisted companies to list on the stock exchange.
He added, "We are working on amending the Companies Law, especially with regard to supporting small shareholders and strengthening their position in making critical decisions LINK
Courtesy of Dinar Guru
Frank26 Article: "New financial statement on the adjustment of the dollar exchange rate" ...they are adjusting the budget...Jiminy Crickets you guys are telling the citizens of Iraq that you guys are going to make an adjustment again but this time in the positive direction. It's not going to be decreasing it, you're going to be increasing it. Article Quote: "changing the dollar exchange rate is the most prominent of the amendments that will occur to the Federal Budget Law". They are taking the budget and putting in the new exchange rate. They are not going to put in the one they used to bring in the 3 zeros. Understand? Good.
Jeff Iraq really doesn't have a lot left to do... devaluing the currency was at the request of the World bank and the IMF. It was a preparation step for them to reduce the physical note count in the county of Iraq and they are also injecting US dollars at this time. That way when the rate does change the citizens will have to turn in their US dollars in exchange for dinar. This is just steps for when the rate does change. Right now you are in the season for the rate change...
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Simon Parkes 12th January Update Current News
About minute 22:00
SP: The good guys have been working on this reset since 1963. This is what cost President Kennedy his life.
The real reason he was murdered was because he was about to do something to the Federal Reserve. He was about to try to put the US back on the Gold Standard. So the Deep State murdered him.
Good people in positions of power decided they wanted to complete the work that President Kennedy had almost gotten into place. This also included removing the CIA from its position of influence.
So, what should happen is , as part of all the changes and developments we are going through is America should return to the Gold Standard. This means it is not possible for corruption in the same way that we have had..
It’s not just the Gold Standard. It is the way banks relate to each other and how interest is charged, how bankers can take our money overnight and use it….This all has to change to a financial system that sets humanity free.. and make sure this does not happen again. They are setting in place a system that will change the world….not just America.