.IQD CALLS Chat Early Monday 4-27-20

Doug_W A new meeting of Al-Kazemi with Shiite leaders tomorrow to agree on the new candidates

Representatives for / Nina: Al-Kazemi will present new candidates, and if they refuse, he will apologize for the appointment

Al-Fateh Alliance for / NINA: A session of granting confidence will not be held soon, and Al-Kazemi will verify the names of the candidates if they agree with the political blocs / expanded

Doug_W #Update on KRG budget story: via Husham below, this is the letter to the Finance Ministry cutting the KRG off. It cites the relevant budget articles & notes that the KRG never fulfilled its part of the budget agreement. Doug_W So far, there is no political consensus on Al-Kazemi's booth Editing Date: 25/4/205 15:25

.IQD CALLS Chat Early Sunday 4-26-20

Doug_W The Iraqi dinar is falling apart: Corruption and Corona are jumping in dollars

Posted on April 18, 2020 The Iraqi dinar is falling apart: Corruption and Corona are jumping in dollars

The turmoil in the Iraqi dinar exchange rate against the dollar recently led to negative effects, which directly affected the business sector and commodities in the markets, which led to the loss of confidence of dealers and investors in the monetary authority.

The decline of the dinar came after the Central Bank of Iraq stopped its activities related to pumping liquidity in foreign exchange to meet the needs of banks and their customers, as it was pumping an average of 140 million dollars or more per day to maintain the value of the currency and support its stability, and stopping the pumping of liquidity led to a jump in the exchange rate of one dollar from 1200 to 1280 Iraqi dinars, amid warnings of the continuation of this rise due to the curfew imposed by the authorities as part of the procedures to face the outbreak of the Corona epidemic.

IQD CALLS Chat Early Saturday 4-25-20

Doug_WMustafa al-Kadhimi's proposed cabinet list has been rejected

Doug_W [I]f they don't elect Mustafa al-Kathimi PM, I don't know what the point would be of going through the charade of nominating anyone else. The protests that led to Abd al-Mahdi's "resignation" have been totally marginalized, so just admit he'll stay on, and move on.

Source: Alsumaria news The exchange rates of the dollar were stable on the Kifah Stock Exchange and local markets on Saturday, (April 25, 2020).

The prices of the Kifah Stock Exchange - Baghdad recorded 123,300 dinars per 100 dollars.

Buying and selling prices in banking shops:

The sale price of the dollar = 124,500 dinars.

The purchase price of the dollar = 122,500 dinars.

.IQD CALLS Chat Friday 4-24-20

Baxter UN Calls For Trillion Dollar Debt Jubilee For Poorest Countries

For weeks, the United Nations, International Monetary Fund, and World Bank have stated the only solution for emerging market economies severely damaged by the coronavirus outbreak is a "debt jubilee."

The United Nations Conference on Trade and Development (UNCTAD) published a note on Thursday morning that said about $1 trillion in debt owed by developing countries should be canceled to avoid an emerging market debt crisis.

Baxter https://www.zerohedge.com/economics/un-calls-trillion-dollar-debt-jubilee-poorest-countries

Baxter READ

futuremoney GCR possible?

Baxter OUR ONLY CHANCE

futuremoney agree

Baxter supposedly.... your dinar will be exchanged in the U S.. for oil credits..and you will be issued Bonds... to put that money back into our Economy bonds...at one percent

.IQD CALLS Chat Early Thursday 4-23-20

Doug_W Baghdad puts KRG budget transfer in the crosshairs

As Iraq descends further into financial crisis, the federal Cabinet and Parliament signal rising opposition to the KRG's monthly budget payments.

By STAFF of Iraq Oil Report Published Thursday, April 23rd, 2020

BAGHDAD/ERBIL - Iraq's semi-autonomous Kurdistan region faces new levels of financial uncertainty, as prominent voices in both the federal Cabinet and Parliament advocate for an end to monthly budget transfers.

In an April 1 letter, the general secretariat of the Council of Ministers called on the Finance Ministry to stop making monthly payments of 453 billion Iraqi dinars (about $384 million) to the Kurdistan Regional Government (KRG) because the KRG has not shared its oil production with the federal government as outlined in Iraq's most recent budget law, according to three members of Parliament who saw the letter.

.IQD CALLS Chat Early Wednesday 4-22-20

Doug_W 2020 forecasts for #Iraq: Probable that the real numbers will be even worse than this. The disaster facing Iraq cannot be understated

-Clock ticks for@MAKadhimi to form govt: 3 days to Ramadan, 4 to sanx waiver ends

Economist: The situation in Iraq is very bad, and salaries need to be cut

Legal expert Ali Al-Tamimi revealed, on Tuesday, a set of legal decisions that the government can take to address the financial crisis and the collapse of oil without compromising the salaries of employees.

Al-Tamimi said in a statement, “The government can take a number of decisions that have a legal effect to alleviate the current financial crisis by stopping the government appointment for a period of at least 5 years and allowing the private sector to work in the Iraqi market, as well as adopting the ministries’ productivity policy to feed a treasury. The state, for example, the Ministry of Education collects contributions, fines, fees, and other sums from private schools and kindergartens, as revenue for the state.

He added that "all these measures can be taken to reduce the current financial crisis."

.IQD CALLS Chat Tuesday Night 4-21-20

Doug_W Comments / Tweets from Kirk Sowell

- For Iraq observers, that loud sound you hear is budget plans crashing even further in Baghdad and Irbil. Think of the years wasted, how nothing was done in either Baghdad or Irbil to learn from the lessons of 2016 & restructure. They are not innocent victims in this collapse.

- With Iraqi oil generally trading a discount, we'll see if Iraq can stay above $20. It is just a question of the degree of collapse at the present time.

- I must add that, like @AMTabaqchali , I laughed out loud when @samya_kullab described Iraqi political leaders as talking as if they could make some minor adjustments & by the time they run out of money, oil $ will just go back up & bail them out. Delusion springs eternal.

- As @AMTabaqchali said, Iraq's external debt is fortunately manageable. The problem is that the likelihood of what we call "internal default" - on salaries, pensions, social benefits - is pretty high.

.IQD CALLS Chat Early Tuesday 4-21-20

Doug_W Deputy: Fuad Hussein wasted Iraq’s fortunes on Kurdistan, and many MPs will not allow it to remain

Editing Date: 20/4/2020 19:49 •[Baghdad-Eni , member of the Parliamentary Integrity Committee, Youssef Al-Kalabi, confirmed on Monday that many MPs refuse to renew Fouad Hussein in the administration of the Ministry of Finance, accusing him of squandering the wealth of Iraqis in the Kurdistan region.

Al-Kalabi said in a press statement that "Finance Minister Fouad Hussein was not a minister of the Iraqi people, but rather represented the region and its interests, because he took advantage of his job to violate financial laws and waste Iraq’s money on Kurdistan."

He added, "Many parliamentarians are determined not to allow the Minister of Finance to remain in his position or any new position in Mustafa Al-Kazemi's government."

.IQD CALLS Chat Monday Evening 4-20-20

Doug_W Kadhimi offers a glimmer of hope to Iraqis – if he can earn their support https://www.rudaw.net/english/opinion/kadhimi-hope-iraq-protesters-20042020

Baxter OIL DID CLOSE TODAY AT 37.63 CENTS... B E L O W Z E R O ...... THATS -37.63

Baxter THATS.. 37 DOLLARS AND 63 CENTS... BELOW ZERO

Baxter IT WAS DOWN.... A WHOPPING 304 PERCENT

Stacie Baxter, isn't it amazing that when anything happens in the middle east to make oil prices go up, we see those higher prices at the pumps almost immediately. On the other hand, the prices have been going down in drips and drabs at the pump.

Baxter Stacie DOWN TO 79 CENTS A GALLON HERE... THATS MORE THAN A DRIP...LOL

.IQD CALLS Chat Early Monday 4-20-20

Futuremoney MP Al-Fateh Hanin Al-Qadu confirmed, Monday, that the government of Prime Minister-designate Mustafa Al-Kazemi is ready and parliament will be invited next week to hold a session of granting confidence, while he indicated that Al-Kazemi submitted to the wishes of the large blocs.

In a statement, Al-Kiddo said, "The government of Prime Minister-designate Mustafa Al-Kazemi is ready," noting that "Parliament will be invited next week to hold a session of granting confidence." Of

added, that "Kazemi underwent the wishes of the political blocs large positions according to the distribution of political quotas , " he said, adding that " the formation of the government will be according to quotas after bending Kazmi blocks."

Al-Qudo considered that "the readiness, speed, response, and responsiveness of Prime Minister-designate Mustafa Al-Kazemi to the demands of influential and effective parties on the political stage are clear evidence of the impact of the political quotas."

.IQD CALLS Chat Sunday Night 4-19-20

Xyz Dr . The appearance of Muhammad Saleh monetary adjustment in Iraq.

19-4-2020 Seeing and spending in the current recessionary conditions that indicate unemployment is available at two decimal places and falling prices at the zero level, supported by indicators of dual deficit, one of which is internal in the public budget and the other is external in the current account.

Balance of payments, the controversies between the economists tend to adopting some kind of monetary adjustment that corrects the exchange rate and according to a temporary floating mechanism that helps to target the target and defend stable exchange rates at other levels.

Thus, adjusting the exchange rate and by disciplined degrees to address the imbalance are two main budgets in the total economy:

the first, the current account correction of the balance of payments and the achievement of a point close to the balance between inflows and external flows

and the second, the provision of leverage financing the budget deficit with the differences in the exchange rate of the dinar to the dollar, and that To fill the deficit in the general budget, in whole or part, and to distribute another source, with the corrected exchange rate rest, and count these differences as a final revenue for the treasury, that such revenues are inflationary conditions, and all their inflation tax is a cash issue.