News, Rumors and Opinions Wednesday Morning 4-14-2021
TNT:
Tishwash: Parliamentary committee: the budget will adopt a new way to deal with the 'petrodollar' clause
The Parliamentary Oil and Energy Committee announced, on Wednesday, that the 2021 budget will adopt a new method regarding the "petrodollar" clause, as well as adding projects worth 1 trillion dinars to the oil-producing provinces.
Committee member Sadiq Al-Sulaiti said, in a statement to NRT Arabia (April 14, 2021), that "the issue of (petrodollars) in all budgets was mentioned that there are dues for oil-producing provinces, as well as provinces that contain refineries as part of the allocations of" petrodollars ", through sums For these provinces within their own investment plan.
Al-Sulaiti noted that "this issue is written in the budgets, but it is not applied, because the Ministry of Finance was citing the lack of financial revenues and the deficit in financing" petrodollar "projects remains.
Al-Sulaiti added that "the debts of the Ministry of Finance to the southern governorates amounted to more than 25 trillion dinars, according to the" petrodollar "clause, and this amount has not been paid yet. For the "petrodollars", by opening accounts on a monthly basis from oil revenues that are deducted from the "petrodollars" in order for these projects to be organized by the producing provinces according to their production quotas, and the amount is kept away from the disposal of the Ministry of Finance.
Al-Sulaiti added, "We hope that this step will help in finding investment service projects for these governorates, as they are worthy of them," stressing that "members of the House of Representatives are following up this issue with the Ministry of Finance in order to bring it into implementation as soon as possible." For oil, which is a very good amount that will give at least a push in the field of organizing service projects for these provinces, "noting that" the covered governorates are most of the southern provinces, as well as the central and Baghdad governorates. link
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SexyChocolate: A very good friend of mine who is like a brother to me says who introduced me to this, who also celebrates Ramadan (Wednesday) says that he knows someone who speaks Arabic and has alot of Dinar says he's hearing for this to happen on Friday. Not sure if its true or not, just sharing....
Mailboxmoney: Tomorrow is the 15th. I was told years ago they only change rates on 1st or 15th. Hope this is it
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Late Monday Night Fleming RV Update:
On the 72 hour hold on bonds, our military intel contact said that bond liquidity for the last of the bond seller recipient accounts should be completed and key bond holders get access to 1% of their funds starting as early as tomorrow Wed 14 April leading to T4B notifications, if all goes as planned, Wed-Thu 14-15 April, as Bruce’s sources said.
He said keep prayers going as we are getting closer and closer to T4B start.
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Courtesy of Dinar Guru
Frank26 The goal is to change the rate again. These articles are coming out and they're saying 'we're changing the rate of the American dollar. No. The CBI has no authority to do anything with the exchange rate - only the U.S. Treasury...not understanding the translation properly really applies to these articles. That's why they get you depressed and confused...they are talking about the exchange rate of the Iraqi dinar AGAINST the American dollar...that's the only way they can talk about it...these articles are not saying they're going to decrease the value [of the dinar]...
Frank26 Article: [Adapt to the exchange rate] Quote: 'to adopt the method of "flotation" Al-Madar - in the next step, in conjunction with the increase in the central reserves...' You now understand - Phase One: Solid date 1 to 1 fixed rate. Phase Two: Bring in enough zeros...and we will give you [CBI] the opportunity to raise the value again. How about $1.19 or $1.46? Outside of the country the same thing is happening. Strengths and stability is being added to your currency...because of the investors...they recognize that Iraq now qualifies for the international rate of their currency. When it enters Phase Three: Maybe 6,7,8 months later as it floats...that's the next step after we do phase 1 and 2...these phases are upon us.
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