Zig’s Place Chat and News Wednesday PM 4-7-21

Zig’s Place Chat and News Wednesday PM 4-7-21

Zig:  Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here

Butterfly   Text of the Federal Budget Law sent to the Presidency of the Republic

Wednesday 07, April 2021 16:20     National Agency publishes Iraqi News / Nina / text of the general budget of the Federal Republic of Iraq for the fiscal year 2021, which was voted by the House of Representatives at its meeting on Wednesday evening last, he was sent to the Presidency of the Republic.

To view and browse the text of the law on the Federal Budget of the Republic of Iraq for the fiscal year 2021, please click on the electronic link ..   LINK

pdf file LINK 

Sheila  @butterfly CAN YOU CONFIRM THIS? :: A Shafq Newssource reported that President Saleh has ratified the 2021 Budget Law and returned it to the Ministry of Finance to start work on it for Thursday.

Butterfly   https://www.shafaq.com/en/Iraq-News/ President-Salih-ratifies-the-budget-law President Salih ratifies the budget law 2021-04-07 08:30

Shafaq News/ The President of the Republic of Iraq, Barham Salih, reportedly ratified today, Wednesday, the budget law approved on March 31.

A source told Shafaq News Agency that President Salih Ratified today the budget law of 2021 and referred it to the Ministry of Finance.

The source added that the budget will be put into action Starting from tomorrow, Thursday.

The Iraqi Parliament submitted yesterday, Tuesday, the Federal Budget law to the Presidency of the Republic for ratification, according to the Deputy Speaker of the Iraqi Parliament, Bashir Khalil Al-Haddad.

A document appended by the Deputy General Secretariat of the Council of Representatives, Sadeq Jumah Hamid, and addressed to the Presidency of the Iraqi Republic, said, "in accordance with Article 73 provision 3 of the constitution, we send to you the Federal General Budget Law of 2021."

butterfly  https://www.shafaq.com/en/Economy/Iraq-s-Gold-reserve-remains-the-38th-globally Iraq's Gold reserve remains the 38th globally 2021-04-07 05:55

Shafaq News/ Iraq's gold reserve retained the 38th ranking worldwide, the monthly report of the World Gold Council said.

The Council, in its latest (April) update to the list of largest Gold reserves for 2021, said that the cumulative possessions of the Central banks of the hundred countries in this list amounted to 35.218 thousand tons.

Iraq is 38th on the list, fifth among Arab Countries, with 96.3 tons, equivalent to 8.9% of the world's reserves.

US is still the top dog with 8.133 thousand tons, followed by Germany with 3.362 thousand tons. Yemen came the least on the list with 1.6 tons, preceded by Haiti with 1.8 tons.

Top gold buyers were India and Uzbekistan by 11.2 and 7.2 tons, respectively, followed by a margin by Kazakhstan and Columbia with 1.6 and 0.5 tons.

Turkey was the top seller with 11.7 tons.

The World Gold Council is the market development organization for the gold industry. It works across all parts of the industry, from gold mining to investment, and their aim is to stimulate and sustain demand for gold.

butterfly  https://www.shafaq.com/en/Economy/Dollar-Dinar-rates-rise-in-Baghdad-and-Erbil-7 Dollar/Dinar rates rise in Baghdad and Erbil 2021-04-07 02:35

Shafaq News/ The Dinar/Dollar exchange rates surged in the Iraqi market today, Wednesday.

Shafaq News Agency correspondent said that Al-Kifah stock exchange is trading the 100 US dollar at 147100 Iraqi dinars, compared to 146900 dinars yesterday.

Our correspondent added that today's selling and buying prices in the local markets rose to 147500 and 146500 dinars per 100 dollars.

In Erbil, the capital of the Kurdistan Region, the dollar price also climbed, as the selling price reached 147100 dinars, while the purchase price amounted to 146800 dinars per 100 US dollars.

butterfly  https://www.shafaq.com/en/Economy/Al-Rafidain-Bank-to-grant-home-improvement-loans-with-5-interest Al-Rafidain Bank to grant home improvement loans with 5% interest 2021-04-07 01:32

Shafaq News / Al-Rafidain Bank announced that it will be granting 50 million and 30 million Dinar loans to citizens and employees, for home improvement and repairs, with an interest that may reach 5%.

butterfly  https://www.iraq-businessnews.com/2021/04/07/the-station-partners-with-zain-iraq/ The Station partners with Zain Iraq 7th April 2021 The Station Foundation for Entrepreneurship is announcing its strategic partnership with Iraq's leading telecommunications company, Zain Iraq.

This cooperation was brought out of a pressing need for collective cooperation amongst stakeholders; a vision both parties mutually share. Zain's expertise across the Middle East working on youth development coupled with The Station's great access to a wide pool of entrepreneurs will be of great benefit to the future of our ecosystem.

During the ceremony on Wednesday 31st March, high profile representatives from both institutions highlighted the need for increased partnerships, collaborations and emphasis on collective efforts across a wide array of sectors, especially in light of COVID-19 and its painful reminder that a lack of innovation can act as a glass ceiling in the face of progressive development. Such tangible change requires a diversity in efforts and that can only happen when everyone is working together.

"We believe that this partnership will constitute an important achievement not only for The Station and Zain, but for any relevant stakeholders. Interacting with actors beyond our own institution is an approach that has allowed The Station to come as far as it has. I do not doubt that this joint cooperation will drive our vision even further", said Mr. Ammar Al-Khatib, The Station's Executive Director.

butterfly  "We at Zain Iraq, through the #ZainYouth program, a platform dedicated to youth development, support and empower entrepreneurs. This partnership will take this vision one step further and digest both the demand and potentiality emerging out of our schools, universities and various communities", said Mr. Mohamed Samir, Zain's Chief Commercial Officer.

butterfly  Iraq passes $89 billion federal budget bill The budget confronted issues of unemployment, currency devaluation and non-oil revenues and was passed as lawmakers prepare for October's general election; the challenge is implementation.

butterfly  April 6, 2021  It took four months, six tries and many more delays before Iraq’s 2021 federal budget bill passed on March 31 after intensive negotiations.

The current bill seeks to address the country’s challenges over growing unemployment, delays in handing out salaries, pensions, rife corruption and plummeting oil prices. The government is now tasked with implementing the bill ahead of the country’s October elections.

“Having an imperfect budget is better than not having one,” said Bilal Wahab of The Washington Institute to Al-Monitor. “The COR (Council of Representatives) was initially reluctant to put a budget at Prime Minister [Mustafa al-] Kadhimi’s disposal, but doing so would have cost them dearly in an election year.”

How did we get here?

Iraq’s parliament failed to approve a budget last year. Meanwhile, the county’s economic crisis worsened, fueled by the coronavirus outbreak and a drop in global oil prices. Iraq houses the world’s fourth-largest oil reserve and depends on oil revenues to fund about 95% of its national budget.

As Iraq’s energy sector took a hit, the country struggled to pay the nearly $5 billion in monthly fees for public salaries and pensions. In November, Baghdad was forced to pass a $10 billion emergency spending bill that would allow the cash-strapped government to borrow from international markets and local banks in order to pay state employees whose salaries had been delayed for months.

butterfly  By December, in a bid to close an expanding budget inflation gap, Baghdad devalued the dinar by nearly 24%, from 1,182 dinars to the US dollar to 1,457. It was the first currency devaluation by the Iraqi government in decades. Some lawmakers criticized the move, arguing it would severely impact the country’s poor citizens as merchants took advantage of the devaluation to sharply increase prices of basic commodities.

That same month, Iraq’s Cabinet approved a 2021 draft budget of 150 trillion Iraqi dinars (about $103 billion). The draft was sent to parliament for approval.

But disputes over the Kurdistan Regional Government's (KRG) oil share and non-oil revenues delayed the vote. On Sunday, despite a last-minute agreement between Erbil and Baghdad, parliament failed to pass the bill for the fifth time as political blocs grappled over the dollar exchange rate and the inclusion of foreign loans.

Frustrated at the prospect of another year without a federal budget, the Council of Representatives requested on March 30 parliamentarians attend a special March 31 voting session. That session resulted in the approved 2021 federal budget of about $89 billion. The budget deficit is estimated at roughly $20 billion.

“The clash and crisis approach will not lead to a conclusion, so let us start working in service of our people,” tweeted Kadhimi after the vote.   https://www.al-monitor.com/originals/2021/04/iraq-passes-89-billion-federal-budget-bill  

butterfly  What's in the 2021 federal budget?

In the end, the approved budget shielded the dinar’s devaluation. To settle the Erbil-Baghdad disagreement, the Kurdistan Region will receive its 12.67% share of the budget when it hands over the revenue of no less than 250,000 barrels of oil per day at the price set by the State Organization for Marketing of Oil at $45 per barrel.

Erbil will deliver non-oil revenues to the state treasury and must also make repayments on a 5 trillion dinar ($3.4 billion) loan it received from the Trade Bank of Iraq at about 50 billion dinars ($34 million) monthly over seven years, Samir Hawrami, spokesperson for KRG Deputy Prime Minister Qubad Talabani, told Rudaw’s Snwr Majid.

Among other approved articles in the bill include a call for the state’s Media and Communications Commission to force mobile phone companies to pay the financial obligations they owe, including any fines, during the first half of the current year. The National Retirement Authority is also obligated to pay end-of-service bonuses and accumulated leave for former army members, though this amount will not exceed 10 million dinars ($6,800).

The budget also calls for compensation for the families of the thousands killed or missing in Mosul between 2016 and 2017 during the battle to reclaim the city from the Islamic State.

“In front of us now is the privilege to implement a way that guarantees the interests of citizens and to rebuild the nation and take the highest measures to support low-income classes, provide job opportunities for our youth and combat corruption,” tweeted Iraqi President Barham Salih.

butterfly  What's next?

The challenge confronting lawmakers now is carrying out the bill ahead of the Oct. 10 general election. But much of the budget’s language remains hazy, questionable or subject to political interpretation as a detailed breakdown has yet to be released. In order to meet its budget total of $89 billion, for example, Iraq would need to produce more oil than its OPEC+ quota allows or hope that the price per barrel rises to more than $60. For much of 2020, Iraq struggled to comply with this quota.

Iraq continues to face major structural challenges that the budget sought to address. In October, the country adopted the White Paper, a policy document drafted by the government that called for emergency financial reform. It outlined measures to address the country’s “accumulated, decades-old serious challenges that confront it,” the government wrote in a press release.

The executive branch attempted to incorporate some of these principles in the budget draft, including protecting the devaluation of the dinar and increasing non-oil revenues. To address issues of unemployment, the budget calls for the addition of 300,000 people to the public payroll, an addition that could be seen as a political maneuver to appease young voters ahead of October’s elections.

But not all recommendations by the White Paper were incorporated. The budget approved by parliament changed significantly from the original draft. Some articles of the draft budget were removed entirely, including Article 20 that deals with income tax proposals and outlines salary cuts to the three presidencies, ministries and employees.

The Iraqi government now plans to issue a formal complaint against the rewriting of the budget with the federal court in regards to some of the changes imposed by parliament, according to an Iraqi official who spoke to Al-Monitor on the condition of anonymity. Challenges exist with tax reduction and obliging the government to employ thousands of dismissed employees.

butterfly https://www.thenationalnews.com/mena/iraq/us-dialogue-with-iraq-will-serve-mutual-interests-says-baghdad-1.1199062    US dialogue with Iraq will serve ‘mutual interests’ says Baghdad

Discussions set to define relations between Baghdad and Washington April 7, 2021 The US-Iraqi strategic dialogue due to start on Wednesday will promote economic, social and political ties between the two states, Iraq’s Foreign Minister Fuad Hussein said.

The high-level discussions are meant to shape the future relationship between the United States and Iraq.

Last June, Donald Trump's administration held the first round of the virtual meetings to clarify that the coalition forces are in Iraq for training and to advise Iraqi forces, to help prevent ISIS remnants from staging a comeback.

butterfly  The third round of the talks were of "great interest" to the government in Baghdad, Mr Hussein said in a statement, and would serve mutual interests.

Baghdad made a formal request to US President Joe Biden's administration to resume the talks that kicked off last year.

Two rounds of talks took place in June and August in which Iraq's militia groups and economic crisis were also discussed.

The US blames Iran-backed militias for regular attacks on its personnel and interests in Iraq.

The attacks have put significant strain on the relationship between Baghdad and Washington.

The retaliatory US drone strike that killed Iranian General Qassem Suleimani and Iraqi militia leader Abu Mahdi Al Muhandis in the Iraqi capital in January 2020 also raised tensions dramatically.

Washington withdrew its forces from Iraq in 2011, eight years after leading the invasion that toppled dictator Saddam Hussein and set off a bitter sectarian conflict.

But thousands of American soldiers were redeployed to the country from 2014 onwards as part of a global coalition battling ISIS.

butterfly  Members of the Iraqi parliament have protested the presence of US troops in the country, especially after the killing of Suleimani on Iraqi soil.

In the aftermath of the strike, they voted in parliament to expel all foreign soldiers from Iraqi territory, but the decision was never ratified or implemented.

Iraq's relations with the US have improved since Prime Minister Mustafa Al Kadhimi took office in May, but some political parties like the Iran-backed Fatah bloc continue to call for US forces to leave the country.

The number of US troops in Iraq has dropped to around 2,500, according to the Pentagon.

butterfly  https://ninanews.com/Website/News/Details?key=897666

Despite its negative impact on the citizen, the dollar rose continuously and rapidly against the dinar

Wednesday 07, April 2021 10:39 The exchange rates of the dollar in the local market increased significantly, according to the Iraqi Political Economic Center today, Wednesday.

The sale price of the dollar was 147,500 dinars per 100 dollars, while the dollar purchase price was 146,500 dinars per 100 dollars.

Despite the parliamentary demands, the high prices of foodstuffs, and the dissatisfaction of the simple citizen, the Central Bank, the Ministry of Finance and the government do not look at this important issue and do not develop solutions to it, and the Iraqi people remain to pay the price of these administrations.

The floating of the Iraqi dinar came in order to bridge the budget deficit and provide the operational budget, according to the concerned authorities, as it had a negative and dangerous impact on the poor citizen.

Butterfly   The Cabinet announces the postponement of the tripartite summit / expanded

Wednesday 07, April 2021 12:50 Cabinet spokesman Hassan Nazim announced today, Wednesday, the reasons for delaying the holding of the tripartite summit, while indicating that Iraq stands with the security and stability of Jordan.

Nazem told the official agency that "it was decided to postpone the tripartite summit due to the security conditions in Jordan, which have become known in the media."

Nazem added that "Iraq appreciates these circumstances when it entered the tripartite partnership with Jordan and Egypt," pointing out that "the postponement came because of what happened in Jordan."

He explained that "Iraq stands with Jordan's stability and security," pointing out that "Jordan has become a key partner for Iraq within this project, as well as Arab Egypt."

He added that anyone threatening the security and stability of Jordan will be considered a threat to our agreements, our security and our stability.

It is noteworthy that this is the second time that the tripartite summit between Iraq, Egypt and Jordan has been postponed in Baghdad, as it was postponed for the first time after Prime Minister Mustafa Al-Kazemi announced, on March 26, 2021, in solidarity with an accident of two trains collision in Egypt, which led to the death and injury Dozens of citizens.

butterfly  https://www.dijlah.tv/index.php?page=article&id=282230

 Learn about foreign exchange rates in Iraq Economie04-07-2021 10:22 AM - Number of readings: 21838

The prices of the dollar, foreign currencies, gold and oil for Wednesday:

The sale price of the dollar 147,500  The purchase price of the dollar 146,500

100 euros  118,80 $ 100 pounds  137.98 dollars    100 dollars 818.18  Turkish lira

The price of an ounce of gold worldwide is $ 1741.50

The price of a barrel of Brent crude oil is $ 63.14, the price of a barrel of US crude oil is $ 59.70

butterfly https://www.dijlah.tv/index.php?page=article&id=282265

 Rasheed Bank decides to grant an advance to the beneficiary of the retirement salary 04-07-2021 01:27 PM -

Al-Rasheed Bank decided, on Wednesday, to grant a personal advance to the beneficiary of the retirement pension and the citizen whose salary is with the bank.

The bank said, in a statement received by the "Tigris", that "the amount of the advance was determined between (5-8) million dinars."

He added, "The granting of the advance to the beneficiary is done in the same terms as the conditions of granting the original retired and that are in effect."

EYEGUY   Wednesday 4/7/2021  A Shafq News source reported that President Saleh has ratified the 2021 Budget Law and returned it to the Ministry of Finance to start work on it for Thursday.

The President of the Republic approves the 2021 budget and returns it to the government to work on it from tomorrow

An informed political source said on Wednesday that the presidency has ratified the budget law and returned it to the government to work on it.

The source told Shafq News, that President Barham Saleh, today approved the federal budget for 2021, and was sent to the Ministry of Finance to start work on it from Thursday.

On Tuesday, Deputy Speaker of the House of Representatives Bashir Haddad announced that the Council had referred the Federal Budget Act of 2021 to the Presidency for approval.

According to a document signed by Deputy Secretary-General of the House of Representatives Sadiq Juma Hamid, addressed to the Office of the Presidency of the Republic, obtained by Shafq News, that "based on article 73, Section III, of the Constitution, we send you (Federal Budget Act 2021)."   Almost done.  Norm  /  spec1

Dave  Recollect the "Strategic Framework Agreement"? have not heard of that fer awhile!

Dave Washington reaffirms its respect for the sovereignty and territorial integrity of Iraq

April 7, 2021  From Walter  The Iraqi and US governments agreed, on Wednesday, to shift the mission of the international coalition forces in Iraq to training and advising Iraqi forces, “in a manner that allows for the redeployment of the remainder” outside the country, while Washington reiterated its emphasis on “respecting the sovereignty and territorial integrity of Iraq.” The following is the text of the joint statement of the two countries’ foreign ministries, which they published after the end of the third round of the strategic dialogue between Iraq and the United States, which took place today via video:

According to the 2008 Strategic Framework Agreement on the relationship of friendship and cooperation between the Republic of Iraq and the United States of America, the Iraqi Foreign Minister, Fuad Hussein, and the US Secretary of State, Anthony Blinken, led the delegations of the Republic of Iraq and the United States of America at the meeting of the Higher Coordination Committee via video call on Wednesday 7 / 4/2021.

The two sides reaffirmed the importance of the strong bilateral relations that are beneficial to the Iraqi and American people. Discussions covered issues of security and combating terrorism, the economy, energy and the environment, political issues, and cultural relations. Representatives of the Kurdistan Regional Government also participated in the dialogue.

The two countries reaffirmed the importance of the principles of the Strategic Framework Agreement, and the United States reaffirmed its respect for the sovereignty and territorial integrity of Iraq and the relevant decisions issued by the Iraqi legislative and executive authorities..

Iraq and the United States are aware of the difficulties caused by the Coronavirus and the global economic slowdown, and reaffirm their strong economic partnership. The United States also commended the recent steps taken by the Iraqi government to join the New York Arbitration Agreement and introduce a system of “granting visas upon arrival” in order to enhance international trade and foreign investment.

Both countries intend to work closely with each other as Iraq commits to implementing reforms in order to diversify its economy, improve the business climate, and provide assistance to create a more vibrant private sector. The American delegation reiterated its assertion that American companies can provide assistance in diversifying the Iraqi economy by investing in projects that will create job opportunities, improve public services and help develop energy resources in the country. .

The two countries also discussed the importance of increasing cooperation between them to combat the Corona pandemic. Where the US government contributed by providing funds to renovate and equip Iraqi public health laboratories, and donated corona virus testing equipment and personal protective equipment, in addition to training Iraqi epidemiologists on ways to identify and respond to current and future outbreaks of the disease .

The United States also expressed its support for the efforts made by Iraq to reform the energy sector in order to provide cheap electrical energy with fewer interruptions for the citizens. The two countries affirmed their support for Iraq’s decision to diversify its energy sources by building and strengthening ties with neighboring countries such as Jordan and the Gulf Cooperation Council countries, and moving forward with electrical grid interconnection projects.

Both Iraq and the United States indicated their common intention to address the climate emergency and work together to promote clean energy and combat climate change, including working with the private sector in the United States, through the implementation of projects that promote clean energy development and improve ways to generate electricity using solar energy.

The development of energy production efficiency, and the treatment of gas associated with oil extraction. Such projects increase the contribution to the implementation of Iraq’s obligations towards the Paris Agreement on Climate Change, and this is a positive development that the United States welcomes.

The two countries discussed cooperation with US scientific bodies to help Iraq improve the management and protection of its environmental and natural resources, including water resources. The United States also welcomed the progress made in relations between the federal government in Iraq and the Kurdistan Regional Government, when they reached an agreement on budget, energy, and other strategic issues.. 

The United States reiterated its affirmation of respecting Iraq’s sovereignty, territorial integrity, and freedom of expression guaranteed by the Iraqi constitution. The two delegations discussed ways in which the United States can support the Iraqi government in terms of providing protection for peaceful protesters and civil society activists, and achieving legal accountability. Iraq welcomed the United States’ support for the parliamentary elections through its funding of the United Nations Assistance Mission for Iraq.

The two countries jointly extended the maximum period of validity of entry visas for diplomats and government delegations to up to two years, thus reducing administrative postponements in both countries, and this will ensure greater ease of travel and direct communication between the two governments.

The United States also renewed its continued determination to support Iraq in finding durable solutions with regard to the internally displaced, so that these solutions are voluntary, safe and dignified, in addition to providing assistance to groups that have been subjected to genocide by ISIS. The two countries also discussed working on achieving more progress in the areas of judicial cooperation, property restitution and the fight against corruption.

Dave  In conclusion, the two countries reaffirmed the importance of the strategic relationship between them and their determination to continue taking appropriate steps to enhance it in the interest of both countries and achieve security, stability and prosperity in the region. The United States also welcomed the opportunity to reassert and strengthen its partnership with Iraq. The two governments are looking forward to further discussions on the aforementioned issues at the meeting of the High Coordination Committee for the Strategic Dialogue to be held at a later date .

https://almawrid.news/contents/view/details?id=29985

Dave  SFA used to be Big Time news......

Dave  with the USA troops leaving Iraq also......HMMM

Dave  With troop departure from IRAQ ....USA feel now confident to implement the SFA?

Dave  Iraq and America agree to change the role of the international coalition and the absence of any foreign bases {expanded}

Dave  Iraq announced an agreement with the United States of America to change the nature of the international coalition’s role in the country from combatants to consultants.

Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. To subscribe click here

On Wednesday, the foreign ministers of Iraq and the United States opened a session of the “Iraqi-American Strategic Dialogue” in its third round through visual communication technology between the two sides.

“There has been an important change in changing the nature of the international coalition into a training advisory role, and this will enable the withdrawal of its forces from Iraq,” said Qasim Al-Araji, the National Security Adviser, in a joint press conference with Foreign Minister Fuad Hussein after the dialogue session.

He added, “The Iraqi and American sides agreed that the progress achieved is an important matter, and from today the Iraqi security forces will assume the task of managing the fight against ISIS and make it exclusively in their hands, and that the mission of the international coalition will be in the field of training, logistical support and advice, and make this exclusively in the fight against terrorism.”

Al-Araji pointed out, “The agreement on a timetable for the withdrawal of foreign and American forces from Iraq,” revealing that

He stressed that “the third round of dialogue was successful,” noting that “Iraq affirmed its commitment to protecting the personnel and cadres of diplomatic missions.”

He continued, “The third round of the strategic dialogue was under the supervision of the prime minister.”

For his part, Foreign Minister Fuad Hussein said, “The Iraqi and American sides emphasized the importance of bilateral relations and their development, and in light of this agreement, dialogue rounds began and there are many memoranda of understanding.”

And that “the US Secretary of State {Tony Blinken} stressed during the dialogue round o

Dave   And that “the US Secretary of State {Tony Blinken} stressed during the dialogue round on the strategic relations with the Iraqi side, and we emphasized that as well and ways to develop them.”

He pointed out, “We assured the American side that it is the duty of the Iraqi government to protect diplomatic missions.”   Ammar Al-Masoudi   LINK

Dave  xyz lots of news on Troop departure and SFA......too much to post

Zig "Kaperoni"  Yesterday, direct from the Finance Minister when referring to the exchange rate stated this... "The current price of the Iraqi currency against the US dollar after its devaluation will continue for a long time, and a full float may occur in the future, but the...central bank will now work to maintain the current exchange rate level for as long as possible."

I think that is pretty clear. And as I stated before, a float is how monetary policy works. Only with the success of Iraq's economy can the Iraqi dinar go up in value. With the recent passing of the 2021 budget, we have to hope this is the beginning of a prosperous Iraq.

Zig  I am now back in the Kaperoni camp....lol.... :Peek:

Dave Zig FER as long as possible...

Zig Hey we will still make money with a float so relax....lol

Dave CBI,,,,,,not Finance Minister?

Dave CBI making large now......

Dave  Over 10 billion usd since deval

Dave  and pulling out some dinar out of mattresses now?

Dave  "Full float"........would that be a free one or managed.......translation?

 

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