WOTS FRI JUN 25 21
Adviser to the Prime Minister sets the conditions for the rise of the Iraqi Dinar against the dollar
These are the articles I discussed on My FX Buddies Podcast
Finance Minister: The local market will recover soon
On Thursday, June 24, 2021, Minister of Finance Ali Allawi expected the local market to recover soon, while confirming that an advanced system would automate the outlets.
The Media Department of the House of Representatives said in a statement, “The Finance Committee hosted, headed by Representative Haitham Al-Jubouri, the head of the committee, and the presence of its members, today, Thursday, Minister of Finance Ali Allawi and the Director General of Accounting in the ministry regarding the implementation of the Federal General Budget Law for 2021, and a follow-up to what was mentioned in a previous hosting of Committee of the Governor of the Central Bank.
She added, “At the beginning of the meeting, which was held at its headquarters, the committee discussed the issue of activating the inactive materials in the budget and the mechanism for implementing the law as approved by the House of Representatives. collection, imposing an airport fee, and automating border crossings and customs, and the committee has indicated that the automation issue has been suspended so far, despite the many requests and correspondences regarding this.”
And she added, “The Finance Committee stressed the necessity of activating petrodollar funds as stated in the budget text, despite the government’s submission of an appeal regarding this, and this matter does not prevent the text from being activated because of its benefit to the oil-producing governorates, in the meantime the committee sent a letter to the Ministry of Finance in which it explained the article. 2 – First – Eighth, regarding petrodollar funds,” indicating that “the committee discussed the Ministry of Finance’s procedures regarding the job number and the biometric system for employees, as it is an absolute necessity and as indicated by the committee in Article 12 of the budget law, as well as the steps taken by the ministry to confront the negative effects of raising Currency exchange rate for citizens.
And she added, “The Finance Committee touched on the issue of government banks and the Ministry’s steps to carry out actual reforms in this important sector by relying on efficient national experiences in this field, as the Committee included in the budget law paragraphs supporting industrial and agricultural banks,” noting that “the Committee called on the Ministry of Finance.” To address all ministries to fully abide by the budget law and implement its paragraphs, and called at the same time to expedite the launch of investment allocations for the governorates to start completing the lagging projects.
For his part, the Minister of Finance provided an explanation for the questions raised by the Finance Committee regarding the implementation of the budget, stressing that “the ministry has initiated procedures for automating ports through an advanced electronic system that will be implemented soon.”
The Minister of Finance explained that “the ministry is following up on the price hike in the markets that accompanied the exchange rate change,” revealing at the same time that “the local market will recover soon.”
Parliament Finance calls for activating petrodollar funds.. Allawi provides an explanation for the budget
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Today, Thursday, the Finance Committee in the House of Representatives called for petrodollar funds, as stated in the text of the budget, while Finance Minister Ali Allawi provided an explanation related to the budget
The Parliament’s media department said in a statement, received by Alsumaria News, that “the Finance Committee hosted, today, the Minister of Finance. Ali Allawi And the Director General of Accounting in the Ministry regarding the implementation of the Federal General Budget Law for 2021, and a follow-up to what was mentioned in a previous hosting by the Committee of the Governor of the Central Bank, where the issue of activating inactive materials in the budget and the mechanism for implementing the law, as approved by the House of Representatives, was discussed.
She committee explained, "It has made a great effort to add reform articles in the budget that would maximize the state's non-oil revenues, such as taxation, imposing an airport fee, and automating border crossings and customs, noting that the issue of automation has been disrupted so far, despite the many claims and correspondences regarding this
She stressed, "the necessity of activating petrodollar funds as stated in the budget text despite the government's submission of an appeal regarding this, and this matter does not prevent the text from being activated because of its benefit to the oil-producing governorates, in the meantime the committee sent a letter to the Ministry of Finance in which it explained Article 2 - First." Eighth, regarding petrodollar funds. The Ministry of Finance also discussed the procedures of the Ministry of Finance regarding the job number and the biometric system for employees, as it is an absolute necessity and as indicated by the Committee in Article 12 of the Budget Law, as well as the steps taken by the Ministry to confront the negative effects of raising the exchange rate on citizens
The meeting touched on “the issue of government banks and the Ministry’s steps to carry out actual reforms in this important sector by relying on efficient national experiences in this field, as the committee included in the budget law paragraphs that support industrial and agricultural banks, calling for addressing all ministries in full compliance with the budget law and the application of the budget.” its paragraphs
From his side, the Minister of Finance provided an explanation regarding the questions raised by the Finance Committee regarding the implementation of the budget, confirming the ministry's initiation of procedures to automate the ports through an advanced electronic system that will be implemented soon.
Al-Kazemi talks about raising the dollar exchange rate and its relationship with the poor
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Prime Minister Mustafa Al-Kazemi spoke about raising the dollar exchange rate and its relationship with the poor, noting that raising the exchange rate in return for placing 2.5 billion dollars to support the poor segment, the social protection network, and support for food commodities.
Al-Kazemi accused, during a televised interview with the official channel, some “who tried to change the numbers in the House of Representatives, noting that” after Iraq depended on oil by 96%, the (white paper) provided a percentage of 70% dependence on it, and reform in The administrative and legal sectors, and this required adjusting the exchange rate, and all governments have known this necessity since 2012.”
He added, “Many budget decisions have been changed in Parliament and the budget has been tampered with, and there are those who do not want the government to succeed, as we have submitted an appeal to the budget to the Federal Court, hoping, that the court will play its historic national role to correct mistakes.”
He promised, “The white paper has won international respect and from international financial institutions, and it will work to save Iraq within five years.”
He pointed out, “The age of this government is one year, not seventeen, and with this we faced all challenges in order to preserve the blood of the Iraqis, as Iraq was on the verge of a civil war or a war between two important powers in the region, and we came with this government in order to spare the blood of Iraqis.” And creating an opportunity for hope.”
And he continued, “A year of challenges and a year of attempts to obstruct any reform steps and question the government’s capabilities, was difficult, but Iraq and the Iraqis deserve sacrifice, as our ambition is greater than what we have done in trying security and economic reform, the government was decisive and took strong decisions, pointing to The search, for justice and the concept of the state because we want to build a state, and Iraq needs to rebuild the state.”
Al-Kazemi said, ” This government is not a government of words, and I am not an elected prime minister, but I am a servant of this people, as we have taken reform decisions because we want to reform our country, so I represent Iraq, and our country has gone through difficult circumstances and needs to bring it out to a normal situation, and this needs bold measures.”
He stressed, ” The government performance report for a year was not written with government tools, but was prepared by neutral experts who have nothing to do with the government, and what the ministries accomplished were evaluated by qualified analysts as well as international experts, as the government report included success in some aspects of the government program, and some joints.” We’re still late.”
Al-Kazemi revealed, ” The current government is facing continuous campaigns of skepticism, but we do not care about them and are keen not to create despair among people, but rather create hope for a better future.”
He added, “We are not convinced of what democracy has produced after 2003, but we are able to correct many mistakes, and we still have an opportunity, and we are still looking for a light at the end of the tunnel, as the government came with major goals, which are holding elections and preparing all the conditions for its establishment and restoring the prestige of the state because it was broken.” It collapsed until this government came to restore confidence in our army and security forces.”
Al-Kazemi touched on the elections, and said, “The elections are a popular demand and the demand of the rational reference, popular forces and parties, and we have an election law and a federal court, and we have provided all support to the Electoral Commission.”
He pointed out, “The electricity situation in Iraq is not satisfactory and the problem is very complicated. Billions of dollars were wasted on electricity, and this government revealed many suspended projects for reasons related to poor planning and corruption, as we revived some projects, noting that last week we opened one of the largest projects in Iraq.” The electrical stations in Samarra, and within months, we will complete the second phase, bringing the total production of them to more than 1,200 megawatts.”
He continued, ” There is a suspended power station project in Al-Muthanna Governorate, we saved the money and overcame the obstacles, and the problem was addressed, as well as the case in Nasiriyah and other power stations that will open soon, as we started the electrical connection with the Gulf countries and completed 85% of the work in Iraq, and in 2022 the connection will be completed.” The entire electrical connection with the Gulf, as well as the electrical connection with Jordan.
Al-Kazemi indicated, “The government came and the situation of a large number of hospitals was collapsing, and at a time of great escalation of the Corona pandemic and a scarcity of beds and medicines, and we only had 7 devices for PCR examination. Today, we have approximately 250 devices throughout Iraq, and an increase in the family and in the oxygen storage, indicating “A number of hospitals that were suffering from cessation and extinction due to corruption and poor planning have been rehabilitated, as we have opened hospitals in Karbala, Nasiriyah and Najaf, and we have a plan to build 43 hospitals throughout Iraq, and we signed to buy devices to care for premature babies and add 13,000 artificial respirators after the number was in the hundreds. “.
He added, “The government came under difficult circumstances, security tension, regional and international tension, a collapse in oil prices and the absence of a budget for 2020, with all this we succeeded in providing security and fighting ISIS and implementing more than 30,000 arrest warrants against organized crime groups, uncontrolled weapons and drug groups.” And we are working to make Iraq a point of convergence and not a cause of imbalance, as the region has conflicts, and Iraq is required to play a role that supports the stability of the region and not terrorize its people, as was Saddam’s reckless policy.
And he stated, “I am not afraid for my future political situation, but I am keen on the reputation of Iraq, which has not witnessed a real economic reform process for more than fifty years.”
Adviser to the Prime Minister sets the conditions for the rise of the dinar against the dollar
Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, pledged, on Friday, the improvement of the value of the dinar, with several conditions that must be met and achieved, while determining the rate of high inflation in the country.
Saleh said, to the official agency, and followed by "Nass" (June 25, 2021), that "the improvement in the value of the Iraqi dinar is related to the ability of the economy to grow if significant growth is achieved in the economy, not rent growth," noting that "expectations indicate a current growth of 2.5%." This growth corresponds to the real population growth.
He added that "this needs the right development, reducing unemployment, increasing job opportunities, and flourishing investment projects, which encourage and generate income that compensates for oil, and gives sustainability in returns, and sustainability with the strength of the economy," noting that "there are two important things, the first is monetary policy that maintains On the stability of the exchange rate, and create a stable environment for a long period, and the second is to support investment projects for development and achieve growth, because without growth the situation will be bad.”
Regarding the rate of inflation, Saleh explained that “there are two types of goods, tradable goods, most of which are imported and linked to the exchange rate, and non-tradable goods, which are local such as services and others,” stressing by saying, “If we collect tradable and non-tradable goods, we will find that Inflation did not increase more than 6%, and therefore it is considered reasonable and controlled inflation compared to the significant devaluation of the dinar.
Al-Kazemi signs 200 billion dinars to the Kurdistan Region
An official source in the Kurdistan Regional Government said on Friday that Prime Minister Mustafa Al-Kazemi signed an official letter to disburse 200 billion dinars as an advance allocated to pay the salaries of employees working in the public sector in the region.
This was also confirmed by the spokesman for the Kurdistan Regional Government, Jotiar Adel, in a press statement he made today to Kurdistan TV.
The spokesman said: Soon the federal government will send this amount to the Kurdistan Region.
And the Minister of Planning in the Kurdistan Regional Government, Dara Rashid, announced on Wednesday that the federal government will send 200 billion dinars, with a retroactive effect, until the Board of Supreme Audit finishes auditing the region's imports.
Al-Kazemi had said in a press interview with the semi-official Iraqi channel, which was broadcast yesterday evening, Thursday, that: The Kurdish people are our people, and what we paid is an advance for the purpose of paying the salaries of the region’s employees. Accounting operations after the Audit Bureau's inventory of all accounts.
IRAQ WILL SEND 200BN IQD TO KURDISTAN REGION TO PAY PUBLIC SERVANTS: PM KADHIMI
Iraqi Prime Minister Mustafa al-Kadhimi said during a TV program on Thursday night (June 24) that funds sent to the Kurdistan Region under an agreement with Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani are not a new budget allocation.
Earlier this month, Barzani announced the brokering of a deal, where Baghdad would send 200 billion Iraqi dinars ($137 million) per month, backdated to January.
In recent days, some lawmakers have objected to the government approving the transfers saying that they are not covered by the 2021 Federal Budget Law and, therefore, the government has no authority to make the allocation.
Kadhimi countered by saying that the funds will be used to pay the KRG’s public servants, which is covered by the budget, adding that they cannot go unpaid.
He argued that it was not a separate allocation, but an advance that will be deducted later from the Region’s share, which will be monitored by the financial supervision court.
“The Kurdish nation is our nation,” he said, striking a note of unity.
During his TV spot, Kadhimi warned that there are attempts underway to prevent the transfer.
“The statements against sending the money have political goals and are for election campaigns.”
During 2020, the KRG struggled to pay salaries to its public sector workers, missing five monthly disbursements entirely and cutting four others by nearly a quarter.
Government employees have had their pay cut by twenty-one percent each month so far this year, including the most recent disbursement.
Iraqi Prime Minister: We have received an invitation to visit Tehran, and we will discuss the appropriate timing
Mustafa Al-Kazemi, the Prime Minister of Iraq, said that Iranian President Ibrahim Raisi invited him to visit Tehran, stressing, "We will look for an opportunity and a correct timing to meet the invitation
Today, Thursday, Al-Kazemi said that there are those who wish for the failure of Iraq's relationship with the countries of the world, commenting on relations with Iran, "These are not personal relations, but for the interest of our country, Iraq has a role in contributing to the stability of the region," according to the official account of the Council of Ministers on "Twitter
With regard to the election file, Al-Kazemi stated that there are those who promoted that the prime minister wants to remain in power until 2023, continuing, "That is why we intended to send a serious message that our goal is to hold elections that we have set, to restore the citizen's confidence in all the political system
He continued: "We have confidence in all the government's procedures, and the procedures of the commission, and there are international observers, and there will be an international evaluation of the elections
He pointed out that there are parties apprehensive about the elections and from this moment trying to question the performance of the Commission and the government and the results of the elections even before they are held
He stated, "There were attempts to drag the government into clashes with the aim of sabotaging the elections, but we chose the path of patience to miss the opportunity for those who aim to create chaos before the elections."
MOF pledged to facilitate the procedures of petrodollar funds
The Parliamentary Finance Committee revealed, today, Friday, the details of the meeting that it gathered with Finance Minister Ali Abdul Amir Allawi.
Committee member Majid Al-Waeli told the Iraqi News Agency (INA): "The committee met with Finance Minister Ali Allawi to discuss a number of issues, the most important of which is petrodollar funds," explaining that "the Ministry of Finance was interpreting the issue of petrodollar funds incorrectly, and this resulted in high funds." It's worth tens of trillions."
He added that "the Finance Committee clarified the financial burden of the Petrodollar Fund within the accounts of the Committee, which is 3.5 trillion dinars, one trillion dinars is contained within the budget, and 2.5 trillion dinars remain allocated from oil imports, and within the accounts of the Committee that 1.5 dollars per barrel of oil from It's supposed to go to petrodollars."
He continued, "After this correction, the Minister of Finance expressed his willingness to reverse his decision to stop the implementation of this paragraph, and therefore it will be implemented in order for the oil-producing governorates that have oil activity to be enjoyed by reflecting on service projects and providing job opportunities and service to the citizen."
Below here is the daily WOTS "Word on the Street" report:
The exchange rate of (100) dollars on the Kifah Stock Exchange in the capital, Baghdad (147.375) dinars, and the price of (100) dollars on the Al-Harithiya Stock Exchange (147,400) dinars, and in other exchange offices, the selling price was (147,750) dinars, and the purchase price (146,750) dinars.
As for the Erbil Stock Exchange, it also recorded a decline, as the price of 100 dollars reached (147,700) dinars, and in the Basra Stock Exchange, the price of 100 dollars was (147,500) dinars, and on the Mosul Stock Exchange, the price of 100 dollars (147,650) dinars.
On the Stock Exchange of Sulaymaniyah Governorate, the price of 100 dollars (147,750) dinars was recorded. On the Stock Exchange of Duhok Governorate, the price of 100 dollars (147,850) dinars was recorded.
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1435.6000 |  1485.8000 | 1457.1000 | 1457.0000 | 1457.0000 | -0.2000 | 14:17 |
| USD/VND | 23020.0000 | 23030.0000 | 22987.1700 | 22980.6100 | 22980.6100 | 8.6700 | 22:49 |
| USD/CNY | 6.4538 | 6.4558 | 6.4709 | 6.4504 | 6.4702 | -0.0170 | 05:33 |
| USD/KWD | 0.3006 | 0.3016 | 0.3009 | 0.3007 | 0.3009 | -0.0001 | 05:29 |
| GBP/USD |  1.3899 | 1.3900 | 1.3934 | 1.3896 | 1.3914 | -0.0014 | 05:33 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14428.0000 | 14433.0000 | 14479.0000 | 14421.0000 | 14455.0000 | -26.0000 | 05:30 |
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Oil prices rose for a third consecutive session on Friday, on course for a fifth consecutive weekly gain, as demand growth is expected to outpace supply on bets that OPEC+ producers will be wary of bringing more production back to the Gulf Cooperation Council.
Brent crude futures rose 6 cents, or 0.1 percent, to $75.62 a barrel at 0646 GMT, heading for a 2.9 percent jump for the week.
US West Texas Intermediate crude futures rose 5 cents, or 0.1%, at $73.35 a barrel, heading for a weekly gain of 2.4%.
The two benchmark contracts settled at their highest levels since October 2018 on Thursday.
All eyes are on the Organization of the Petroleum Exporting Countries (OPEC), Russia and allies - together called OPEC+ - who are due to meet on July 1 to discuss further easing of production cuts from August.
On the demand side, analysts said the main factors that OPEC+ will have to take into account are strong growth in the US, Europe and China, buoyed by the release of vaccines and the reopening of economies, offset by rising COVID-19 cases and outbreaks elsewhere.
The prospect of lifting sanctions on Iran and hitting more of its oil on the market has diminished any time soon, with a US official saying "serious differences" remain over a range of issues over Iran's compliance with the 2015 nuclear deal.
Adviser to the Prime Minister sets the conditions for the rise of the dinar against the dollar
Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, pledged, on Friday, the improvement of the value of the dinar, with several conditions that must be met and achieved, while determining the rate of high inflation in the country.
Saleh said, to the official agency, and followed by "Nass" (June 25, 2021), that "the improvement in the value of the Iraqi dinar is related to the ability of the economy to grow if significant growth is achieved in the economy, not rent growth," noting that "expectations indicate a current growth of 2.5%." This growth corresponds to the real population growth.
He added that "this needs the right development, reducing unemployment, increasing job opportunities, and flourishing investment projects, which encourage and generate income that compensates for oil, and gives sustainability in returns, and sustainability with the strength of the economy," noting that "there are two important things, the first is monetary policy that maintains On the stability of the exchange rate, and create a stable environment for a long period, and the second is to support investment projects for development and achieve growth, because without growth the situation will be bad.”
Regarding the rate of inflation, Saleh explained that “there are two types of goods, tradable goods, most of which are imported and linked to the exchange rate, and non-tradable goods, which are local such as services and others,” stressing by saying, “If we collect tradable and non-tradable goods, we will find that Inflation did not increase more than 6%, and therefore it is considered reasonable and controlled inflation compared to the significant devaluation of the dinar.
Al-Waeli: The Minister of Finance pledged to facilitate the procedures of petrodollar funds
The Parliamentary Finance Committee revealed, today, Friday, the details of the meeting that it gathered with Minister of Finance Ali Abdul-Amir Allawi.
Committee member Majid Al-Waeli told the Iraqi News Agency (INA): "The committee met with Finance Minister Ali Allawi to discuss a number of topics, the most important of which are petrodollar funds," explaining that "the Ministry of Finance was interpreting the issue of petrodollar funds incorrectly, and this arranged high funds for him." It's in the tens of trillions."
He added that "the Finance Committee clarified the financial burden of the petrodollar fund within the accounts of the committee is 3.5 trillion dinars, and one trillion is in the budget, which remains 2.5 trillion allocated from oil imports, and within the accounts of the committee that 1.5 dollars for each barrel of oil is supposed to go to petrodollar funds.
He continued: "After this correction, the Minister of Finance expressed his willingness to reverse his decision to stop the implementation of this paragraph, and therefore it will be implemented in order for the oil-producing governorates that have oil activity to enjoy in order to reflect on service projects and provide job opportunities and service to the citizen."
He pointed out that "the committee discussed the automation of border crossings and customs," noting that "the Minister of Finance gave us messages of reassurance that the file is in the process of implementation, and will provide revenues to the state."
And he indicated that "the committee discussed with the minister the appointments and their suspension, and the violations of the law in some ministries."
He explained, "The ministry argues that it does not control the procedures, due to the lack of a clear database, and therefore we indicated that there is an article in the budget that states that the Ministry of Finance, Planning and Communications is involved to launch government identifiers (biometric card) or a functional financial number to control the intersection of information and control the financing of government departments, and within Our expectations are that the largest funding is salaries, and it may be an increase in funding of up to 15% as a result of the lack of control from the ministry on this file, and therefore we expect the funding to decrease and move towards real funding and the real numbers of employees by 15%, which is not a small amount.”
He pointed out that "the follow-up to the numbers and barcodes placed in the budget was discussed, and so far it is not in control of the Ministry of Finance, in addition to financing projects and investment plans in the governorates, which is also a lagging file, and the ministry argued that not all governorates complete the investment plans and reconstruction."
And he indicated that “according to the budget law for the year 2021, the Finance Committee stipulated that investment plans pass through it, but the ongoing projects are not concerned, considering the plans have been in place for years, but are quickly checked and passed to the Ministry of Planning,” noting that “the reconstruction plan for new projects is concerned and the committee is following it up.” And distribute it correctly to sectors and to all provinces.
He pointed out that "the number of provinces that submitted their plans to the ministry correctly is only three, Karbala, Najaf and Anbar, and the Ministry of Finance is waiting for the completion of the procedures of the remaining provinces so that they can finance the amounts," stressing that "the ministry does not have a problem with funding, but is waiting for plans from the provinces." "
He continued, "The committee discussed with the minister the issue of economic security, price control, and the measures taken by the ministry due to the repercussions of the dollar exchange rate and the rise in prices, and the minister indicated that there is a rise in global prices in general as a result of the Corona pandemic, and now prices have begun to stabilize, and we may notice during the coming period." This is reflected in domestic prices, in addition to the failure of the security authorities concerned with economic security and the failure to hold accountable the unjustified rise in prices by importers and traders,” noting that “the Ministry of Agriculture has a ban on many crops that have an actual need, and the lack of coverage from the local product.” What caused the price hike?
Yesterday, Thursday, the Media Department of the House of Representatives announced that the Finance Committee had discussed three files with Finance Minister Ali Allawi.
The department stated in a statement received by the Iraqi News Agency (INA), that "the Parliamentary Finance Committee hosted the Minister of Finance and Director General of the Accounting Department."
She added that "this came regarding the implementation of the paragraphs of the 2021 budget and the automation of customs and border crossings." He pointed out that "the number of provinces that submitted their plans to the ministry correctly are only three, which are Karbala, Najaf and Anbar, and the Ministry of Finance is waiting for the completion of the procedures of the remaining provinces so that they can finance the sums." He stressed that "the ministry has no problem with funding, but is waiting for plans from the governorates."
He continued, "The committee discussed with the minister the issue of economic security and price control and the measures taken by the ministry due to the repercussions of the exchange rate and the rise in prices, and the minister indicated that there is a rise in global prices in general as a result of the Corona pandemic, and now prices have begun to stabilize, and we may notice during the coming period its reflection on domestic prices." As well as the failure of the security authorities concerned with economic security and the failure to hold accountable the unjustified rise in prices by importers and traders,” noting that “the Ministry of Agriculture has a ban on many crops that have an actual need for them and the lack of coverage from the local product, which caused a rise in prices. ".
Yesterday, Thursday, the Media Department of the House of Representatives announced that the Finance Committee had discussed three files with Finance Minister Ali Allawi.
The department stated in a statement received by the Iraqi News Agency (INA), that "the Parliamentary Finance Committee hosted the Minister of Finance and Director General of the Accounting Department."
She added, "This came regarding the implementation of the 2021 budget paragraphs and the automation of customs and border crossings."
CBI Update: Just a note:
including $36,240,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
6-24-2021 Newshound/Intel Guru Walkingstick [via Frank26] It's now finished [The new CBI building]. Talk about timing. This building it's huge. It looks like the tower of babel...this bank was not ready two years ago. Nothing was ready two years ago. This bank is ready now...it is state of the art. You don't need the state of the art for a program rate. You need the state of the art for Article VIII...the new CBI building is now ready for the monetary reform and it's ready for the international banking world...it's going to be a currency central hub...
6-24-2021 Newshound Guru Pimpy Article: "Parliamentary Finance sends an "urgent" message to the government regarding dollar prices" The news coming out of Iraq the last 7 to 10 days or so has been very positive. Baby steps but you know what nonetheless still positive... Quote: "the parliament finance committee called on Iraq government to restore the exchange rate of he dollar against the Iraq dinar..." People are going, 'oh, Pimpy is this restored back to the original $3.00?' No. They're talking about the rate change of 1190 for every dollar. The economy supports it now with oil prices going up...
6-24-2021 Intel Guru MarkZ [via PDK] We are exactly where we were at yesterday… It’s not a nothing burger… We are expecting movement sometime on Thursday...We are watching very closely. We have been here before so I caution you all not to get to excited.
6-24-2021 Intel Guru Frank26 They are connected with their banks inside of Iraq to the international banks outside of Iraq. This has never happened in my lifetime. Because this is happening right now it's very obvious they're Article VIII and that's very obvious why the world is pouring in...granted they don't have to raise the value of their currency to be article VIII but they have to have International laws in order to be Article VIII. By doing so that means that the dinar is going outside of the country... the evidence is there. We know what they're doing...
6-24-2021 Newshound/Intel Guru Mnt Goat We must keep telling ourselves to remember that VALUE and RATE are two different things. We know for a FACT that the VALUE of the dinar is very high but the RATE to reflect the true VALUE is being suppressed. Why? Its called corruption...The Iraqi dinar has tremendous VALUE, as Dr Shabibi himself told the world way back in the early 2000’s that the dinar could sustain as much as $16.00 US in open trading. (I am not saying this is going to be the rate when it comes out). What we want is the RATE of exchanging to US dollars from Dinars to rise. We already have the VALUE...
6-24-2021 Newshound Guru Pimpy Article: "The dollar continues to decline against the dinar with the closure of the Baghdad Stock Exchange" Again going in the right direction. It's doing it in baby steps but it's going...it got down to around 1470 for every one dollar...so it is going in the right direction. It's doing it at about...10 dinars at a time...as long as it keeps going in the right direction I'll take the baby steps...
6-24-2021 Intel Guru Bruce [via WiserNow] I’m excited... the blessing is on its way...The information that we got was that Iraq actually had a rate... they were prepared and did put out internationally on Saturday – now they had some issues in Iraq with Iranian sympathizers...these shenanigans ... backed us up a little bit and we thought ok we’re going to be good to go...well we came to find out what happened was the IMF got involved and wanted to increase a rate that came out from Iraq and so they got with the CBI person – IMF did and agreed on a higher rate that Iraq could easily support...we believe our notifications day is to happen either...(Wed)...and if for some reason it’s not - we should look for it on Thursday morning...but look for it to happen very soon...
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