WOTS MON AUG 9 21 Representatives and specialists rule out approving the 2022 budget on schedule: it will go through difficult stages
These are the articles I discussed on the My FX Buddies Podcast:
Financial advances instead.. Kurdistan has not received a budget from Baghdad for 7 years
The Kurdistan Democratic Party revealed, on Saturday, that the Kurdistan Regional Government has not received any budget from the federal government in Baghdad for 7 years, indicating that the region borrows money from the center.
Representative of the Democratic Party Mayada Al-Najjar told Shafak News Agency, "The Kurdistan Region has not received any budget or money from the central government in Baghdad since 2014," noting that "the sums received by the region in previous years are few funds that do not represent Kurdistan's budget." .
She added, "Prime Minister Mustafa Al-Kazemi spent, according to the budget law for the current year, 200 billion dinars to the region," noting that "the money that was spent as an advance has nothing to do with the region's budget."
Al-Najjar continued, "There are discussions and a high movement is currently taking place on Baghdad to disburse another advance to the region, worth 200 billion dinars, during the coming period."
And the representative of the Kurdistan Democratic Party pointed out that "employees in the center and south of Iraq receive their salaries monthly from the central government, but the region's employees did not receive any salaries from the Baghdad government."
The most important outcomes of Al-Kazemi’s meeting with the leaders of the political blocs and the Commission regarding the elections
The Prime Minister's Advisor for Elections Affairs, Hussein Al-Hindawi, revealed the most prominent outcomes of the meeting, which was held in the presence of the presidencies, the leaders of the blocs, and the United Nations representative with the Electoral Commission.
Al-Hindawi said that "the meeting, which was held in the presence of Prime Minister Mustafa Al-Kazemi, Parliament Speaker Muhammad Al-Halbousi, the President of the Supreme Judicial Council, Faiq Zaidan, and the deputy representative of the United Nations in Iraq, with the Electoral Commission and heads of political blocs, came out in a positive atmosphere."
:The outcomes of the meeting were as follows
1-Commitment to the October 10 date for holding the elections was confirmed, and the postponement was not accepted.
2-Announcing the results within 24 hours.
3- To reduce fraud, the voter's fingerprints will be taken on the old short-term card and then withdrawn from him after voting, and he cannot vote with it more than once.
4- The leaders of the blocs and the attendees unanimously agreed on the importance of working to make the elections a success.
5- Two days after the election results are announced, the candidate will be provided with complete pictures of the voting forms and can count and verify his votes himself.
6- Reducing the conditions for observers, especially the academic certificate, and the acceptance of any certificate, not just the middle school
Representatives and specialists rule out approving the 2022 budget on schedule: it will go through difficult stages
With the approach of the legal date for the federal government to send the budget to the House of Representatives, the budget is facing a major challenge in light of the political forces' preoccupation with preparing for the upcoming elections, and the difficulty of convening parliament sessions
And the weightings began to indicate the possibility of not legislating a budget for the next year, in a scenario similar to what happened in 2014 and 2020, while a parliamentarian ruled out the possibility of legislating the budget, an economist saw that the budget will go through difficult stages and will not start on its scheduled date
Member of the Parliamentary Finance Committee, Abdel Hadi Mohan El SaadawiHe ruled out that the federal budget for the next year 2022 would be legislated, suggesting a repetition of the scenario of what happened in 2014 and 2020
Al-Saadawi said in an interview with Alsumaria News, "The current atmosphere and focus on holding elections in the month of next October or in April of next year, make us rule out that a budget for the year 2022 will be legislated by the current parliament, and it is likely that" this matter will be entrusted to the next parliament. Or that the scenario of 2014 and 2020 will be repeated, and there will be no budget for the next year.
Al-Saadawi added, "In the event that the budget is not legislated, this means that work will continue in accordance with the Financial Management Law on the principle of 1/12 of the exchange for all Iraqi state ministries in the next year.
Economic expert BassemAntoine beautifulHe believed that the budget will go through difficult stages and will not proceed on its scheduled date
Jamil said in a press interview, "The budget legislation is an ordeal and everyone is counting it, especially since in the years 2020 and 2014 there was no federal budget for the Iraqi state, therefore, today, what will be the fate of the federal budget for the next year and at what price a barrel of oil will be calculated, given that the account Revenues come through determining expenditures,” he said, noting that “the oil price, if it is estimated, as in the current year’s budget, is an unrealistic number and it is supposed to exceed it more, and that the rest will be left as a reserve.
Jamil added, "The scenario on the ground is that the budget will go through difficult stages, especially if the House of Representatives is dissolved, and the formation of the next government and parliament is delayed," noting that "the budget, according to my belief, will not proceed on its scheduled date, given that the current budget despite the availability of all Its requirements are also behind schedule, so next year's budget will be in more difficult circumstances, difficult birth and problems.
He stressed that "the situation will be by going to the exchange of the budget at the beginning of next year at a ratio of 1/12 according to the Financial Management Law, pending what the elections will come out with, their programs and their intertwined circumstances.
The National Investment Commission: Basra has economic components that make it a magnet for investors
head of the National Investment Commission, Suha Daoud Najjar, confirmed today, Friday, that Basra Governorate possesses economic components that make it a destination for investors, as it is characterized by a strategic location, mineral wealth and great human energy, which makes it a fertile land for investment, as well as the market's need for investment projects in various sectors.
Najjar said during an extensive press conference held during its opening Friday, 6/8/2021, four investment projects in the industrial sector in Basra Governorate, “These projects that specialize in the petrochemical industry contribute to the employment of manpower in the city and supply the Basra market in particular and the Iraqi local market in a better way.” General with industrial products of standard specifications.
She referred to "the position of the National Investment Commission, which is technically and administratively supportive of all investment commissions in the governorates to encourage investment in them."
The head of the National Investment Commission arrived in Basra this morning, Friday, accompanied by a high-level delegation from the Commission, where its two-day visit will witness a meeting with the heads of investment authorities in the provinces and participation in the International Conference on Investment in Basra, which will be held tomorrow, Saturday.
raq Seeking ‘Realistic’ Budget for 2022
Iraqi Finance Minister Ali Allawi announced that the 2022 budget, which the ministry began preparing a few days ago, will have a reform dimension, as it “different from previous budgets” and reflects “the reality of Iraq’s obligations.”
The minister explained in press statements that the ministry will seek to submit this new budget to parliament before the early parliamentary elections scheduled for October, adding that it will be a “reform budget, but it may be politically difficult.”
He said that the ministry “tried in the previous budget to do a similar thing,” as it “presented the budget in a way that shows officials the size of Iraq’s real obligations without paying it into arrears corners, so the number came to a large, and was not politically acceptable, so it was amended and the budget was issued” in its current form.
By this, Allawi most likely hinted at the difficulty of passing the new budget, given the high value of its deficit, as happened in the previous budget.
In the proposed 2021 budget bill, which the government submitted to parliament, the value of the deficit was estimated at 49 billion dollars, but the deputies made up the difference by canceling debts and dues from the state in exchange for energy sources from the account, especially dues for Iranian gas and energy, and other payments for infrastructure.
The value of the deficit in the 2021 budget, as approved by parliament, amounted to 19.8 billion dollars, compared to 23.1 billion dollars in 2019, knowing that Iraq did not approve the 2020 budget due to political tension.
The total value of revenues in the 2021 budget amounted to about 69.9 billion dollars, calculated based on crude oil export on the basis of a price of 45 dollars per barrel, and an export rate of three million and 250,000 barrels per day.
As for the value of the 2021 budget, it amounted to $89.7 billion, about 30% lower than the last budget approved in 2019.
Allawi explained that the price of a barrel in the new budget will be $50, which is an adjustable figure, but the value of a barrel of oil in the market is currently higher. Much more than 60 dollars.
Iraq, the second largest oil producer in the Organization of the Petroleum Exporting Countries, is going through its worst economic crisis.
The poverty rate in the country has doubled in 2020, and 40% of the population of 40 million is considered poor, according to the World Bank, while the Iraqi dinar has lost 25% of its value.
Corruption, which has cost Iraq twice its total gross domestic product, i.e. more than $450 billion, is the main concern of Iraqis who suffer from a shortage of electricity, hospitals and schools. However, the minister said that Iraq’s financial situation has improved this year due to “the rise in the price of oil and the change in the exchange rate of the dinar.”
In the meantime, Iraq is negotiating with the International Monetary Fund on a loan amounting to between 3 to 4 billion dollars, as Allawi explained, hoping to reach an agreement with the Fund by the end of the year.
He explained that this “borrowing is of a monetary nature and gives credibility to the reforms” that the ministry wants to implement, and that “their end depends on our current situation and the 2022 budget if we are able to present it to parliament before the parliamentary elections.”
Finance discusses a 3-year budget... and the Parliamentary Committee: Its preparation is illogical and will leave
A statement by the ministry stated that {Euphrates News} received a copy of it that "during the session, a comprehensive report was presented on the strategic plans for the governorates of (Babylon, Anbar, Dhi Qar and Wasit) and their future vision in the context of achieving economic development, revitalizing the investment side and supporting efforts to advance reality. services and infrastructure, providing job opportunities and reducing poverty levels in those governorates.”
The statement added, "The meeting also discussed determining the ceilings of oil and non-oil revenues and discussing them according to the report submitted by the head of the General Authority to monitor the allocations of the federal ministries."
Allawi stressed, "the importance of adopting mechanisms and systematic steps in accordance with scientific frameworks, including according to what was stated in the economic reform paper (the white paper)."
For its part, the Parliamentary Finance Committee considered the Ministry of Finance's discussion of the budget for the current year and the next two years as "illogical".
Committee member Shirwan Mirza told {Euphrates News}: "The parliament does not currently have regular sessions."
"We will actually engage in electoral propaganda next month, so there is no opportunity to discuss the 2022 budget, and most likely it will move to the next session," he added.
Mirza continued: "It is not logical for a government to prepare a budget for another government that should reflect the vision of the new government."
He pointed out, "The topic of studying and discussing the 2022 budget depends on holding the elections."
The Minister of Finance to “Economy News”: Our understanding with Iran is to pay the debts within 3 years
The Minister of Finance, Ali Abdul Amir Allawi, announced that the Iraqi financial situation has improved relatively during the current year after the increase in oil prices, stressing that there is an understanding with Iran to pay off Iranian debts within 3 years.
Since the start of the Corona pandemic, Iraq has witnessed a stifling financial crisis, which led the government to resort to borrowing from the Central Bank of Iraq, to pay the salaries of employees and retirees, in addition to increasing popular pressure to create jobs and improve services such as education, electricity and health.
Allawi said, in an interview with Al-Iqtisad News, "Now we do not need to borrow, because our financial situation has improved relatively, but we have negotiations with the International Monetary Fund to help reform the economy."
Mustafa Al-Kazemi’s government began its negotiations with the International Monetary Fund since its formation, in order to borrow to support the financial budget, with the World Bank supporting strategic projects in Iraq, but it stumbled due to the changes made by the Parliamentary Finance Committee on some items in the 2021 budget.
Allawi noted that the Kurdistan region did not contribute to the federal budget, because the agreement with him includes the delivery of 250,000 barrels per day with part of the collection wages, and the Ministry of Finance owns statistics on the region's oil exports, explaining that the Council of Ministers decided to grant 200 billion dinars to Kurdistan because it suffers Economic problems caused humanitarian problems for the people, but this decision will not be automatically renewed every month, but it must be considered again by the Council of Ministers.
Erbil and Baghdad have witnessed financial disputes since 2012, as a result of Erbil exporting oil independently from the center through Turkey, in addition to non-delivery of non-oil revenues, for which the Financial Management Law stipulates that Baghdad receives half of it, which led the Ministry of Oil to file a lawsuit with the The International Chamber of Commerce Court on the State of Turkey, and compensated Baghdad in the amount of 26 billion dollars.
The Minister of Finance stated, "The ministry has nothing to do with this file, but rather it is for the Ministry of Oil, but I hear that Iraq's position is strong and it may issue a decision in its favor during the coming period, or a settlement process with Turkey is underway."
economic reforms
The reform curriculum set by the government, which is called the White Paper, needs cadres to implement it, as Iraq has more than 3 million employees working in the public sector.
He said, "The competencies in the public sector are buried, and we in the white paper want to give them a role and highlight them, and link them with global competencies, and we will also bring in consultants from abroad, as we found a good executive director to implement the reforms, and we have ministries that are currently working well to implement the reforms in the white paper such as Ministry of Oil, there will be resistance to reforms by some departments and institutions that have adopted the wrong work for many years.”
The Ministry of Finance has been working with the World Bank to restructure government banks since 2012, but this project largely failed due to great challenges, but it was reactivated during the current government through the white paper.
The minister stressed, "We have started restructuring government banks, and the problem we have is 80% in Rafidain Bank. We are working to change the internal system, cut the link between the Ministry of Finance and the bank, and change its board of directors, and this is in coordination with the Central Bank, with the introduction of governance," noting that we are in the process of choosing a manager. New Rafidain Bank and a new board of directors.
The Ministry of Finance is also currently working on the preparation of a tripartite budget for the years 2022-2024, and the inclusion of the reforms in it mentioned in the white paper.
Allawi pointed out that "the 2022 budget will be reformist, unfamiliar, and it is an ideal budget to change the economy, and the numbers in it may be politically unacceptable, but the support policy is still ongoing and we have not changed it, and we have major priorities represented in providing salaries for employees, retirees and social care in addition to Pay the debts, and the budget will adopt the price of a barrel of oil at $50, and we started writing it in order to send it to the Council of Ministers and then Parliament.”
Iraq is considered one of the tax disabled nations, due to the failure to update the tax law by the state, in addition to the inclusion of taxes that are currently applied within the budget law.
And the minister indicated that " legislating a new tax law takes a long time, and we currently have a problem in collecting taxes, so we include taxes within the budget law."
He continued, "It requires reforming the tax system, and this takes 5 years, through the establishment of a tax system that adopts automation and includes qualified employees, because what is happening in taxes now is the result of accumulated wrong policies."
electricity
The Ministry of Electricity repeatedly holds the Ministry of Finance responsible for the failure to provide citizens with electricity around the clock, due to the failure to release financial allocations to establish and develop projects.
Allawi said, "The Ministry of Electricity has a big problem with all its sides. We have problems with gas supply contracts and the efficiency of the productivity of transmission, distribution and collection units. 200,000 people work in the ministry, and this affects production, while the Ministry of Electricity in the Emirates, which is more productive than Iraq, employs 580 people, Also, the Ministry of Finance does not give money until after it is allocated by the Ministry of Planning."
Iraq imports from Iran electricity and gas to operate gas stations, and with the imposition of US economic sanctions on Iran, Iraq has been unable to pay its $4 billion debt.
Allawi said, "We have an understanding with Iran currently, to pay the arrears during the next 3 years, and I do not think that our dependence on Iranian gas will decrease during the next two years, because the alternatives are still few, as linking Iraq's electricity with the Gulf countries so far is incomplete, and we have not given it Contracting to any company.
external agreements
On the agreement between Iraq, Egypt and Jordan, the minister said that these three markets are close, and could become an important economic zone and Lebanon and Syria may join in the future, because it is difficult to link the Iraqi economy with the Gulf, Turkey and Iran because of the inequality, the Iraqi market is still a market small.
He stressed that the agreement with Lebanon is to supply one million tons of black oil, and Lebanon will exchange it for diesel with companies and under the supervision of international companies, in exchange for Iraq to get professional people from Lebanon working in various sectors such as banking, insurance, education, transportation and tourism, and Iraq will pay their wages as dollars. ll at market price.
The international community, during Prime Minister Mustafa Al-Kazemi's visit to London, formed the Economic Contact Group for Iraq at the end of the year 2020, to support it economically, and it includes the seven major industrial countries in addition to the International Monetary Fund and the World Bank.
Allawi said, "The group meets every 3 months and gives us advice, and we want them to provide technical support, experts and consultants, and they absolutely support, and we will establish a council consisting of 10-12 people, on an international economic level that gives us predictions and developments in the Iraqi and international economy, because It is not acceptable to invest in a certain sector and we may bring in old technologies and this affects us."
Parliamentary Finance resolves the controversy over reconsidering the dollar price in the 2022 budget
link this came out last Thursday but I missed it some how
On Thursday, the Parliamentary Finance Committee resolved the controversy over the possibility of reconsidering the exchange rate of the dollar against the dinar and returning it to its previous position in the 2022 budget.
Committee member Ahmed Hama Rashid said, in a statement to NRTArabic, (August 5, 2021), that "the dollar exchange rate is dependent on the monetary authority, which is the only and exclusive body, represented by the Central Bank of Iraq."
He added, "The Parliamentary Finance Committee, in its last meeting with the Central Bank of Iraq, told it that the dollar exchange rate was irreversibly changed."
And he continued, "What is going on in the statements by deputies about efforts to restore the dollar's exchange rate to its previous position, are all electoral propaganda, and nothing else."
With the start of the countdown to the date of the early elections in Iraq, statements emerged that a political movement within the House of Representatives, to collect parliamentary signatures in order to restore the dollar exchange rate against the dinar or reduce the current rate.
Washington imposes sanctions on Iraqi "factions"
Today, Monday, the US State Department announced imposing sanctions on Iraqi, Russian, Lebanese and Syrian entities
The ministry said in a statement, "The sanctions included Russian, Lebanese, Syrian and Iraqi entities, including the Iraqi Asa'ib Ahl al-Haq, and Kata'ib Brigades." Hizb allah Iraqi andHizb allah Lebanese"
It added, "The sanctioning entities violated the arms embargo in Iran andSyria AndNorth Korea"
Al-Maliki appreciates the role of the media in arming the citizen with facts while voting in the elections
The head of the State of Law Coalition, Nuri al-Maliki, considered, Monday, August 9, 2021, that elections and free media are among .the most important foundations of democracy in Iraq
He added in his speech, during the media ceremony held by the State of Law coalition on Monday evening in Baghdad on "the values of electoral competition": "We want the citizen to go to the elections armed with all the facts, and this is the responsibility of the national media, which works to ." .educate people, inform them of facts and guide them to the right path
He pointed out, "The need for the professional media and its workers to be protected by the government and the state because it works in a sensitive mission and contributes to unifying the word and openness of Iraqis among themselves and urging them to practice democracy. He stays away from everything that threatens the unity of the fabric of Iraqi society, because what he proposes will be transmitted by people, whether it is for good or for ".bad
The head of the State of Law coalition stressed that "the elections will take place on the specified date, no matter what they say, whatever they do and whatever they threaten," calling "all partners to stay away from the operations of slandering the other or the threat of weapons and not to abuse this ".democratic process
And he indicated that "the electoral process is the wedding through which the process of solving all the crises that Iraqis suffer from is completed, and also contributes to delivering those who deserve access to Parliament, calling on everyone to protect the electoral process from fraud, fraud and ".manipulation
He continued: "We want the elections to reach us with good people who bear responsibility and work to correct the path," expressing "his hope that the ".next parliament will be a coherent parliament capable of meeting the aspirations of all Iraqis
Amer Al-Jawahiri to: Changing the value of the national currency at present .. economic confusion .. it should not be linked to additional unstable revenues
The consultant in industrial development, industrial cities and investment, Amer Al-Jawahiri, confirmed that: Changing the value of the national currency is currently...economic confusion..it should not be linked to additional, unstable revenues.
He told the National Iraqi News Agency ( NINA ) that: the change in the value of the national currency against other foreign currencies has not occurred since 2003 except twice, its price was 2500 and then to 1200, and it was changed at the end of last year, which means that during 17 years it was changed only twice.
Al-Jawahiri added that: the rise in oil prices is not fixed, it may rise for several months and decrease again, as happened previously. Noting that: Determining the economic and monetary paths does not depend on steps that occur for some months or seasons of the year.
He explained that: what is happening from changes in oil prices, we should not base them on a change in the amount of the Iraqi currency vis-à-vis other currencies, and not take place in short successive periods, and we do not advise continuing to think about the issue of the value of the currency vis-à-vis foreign currencies at the present time, because it confuses us, we need it.
Below here is the daily WOTS report the "Word on the Street":
ublishes the dollar exchange rate today against the Iraqi dinar in the local markets and Iraqi exchanges on Monday (August 9, 2021), which recorded its stability at an increase against the Iraqi dinar.
The price of the dollar today in Iraq came in the local markets and the Iraqi stock exchanges in the capital, Baghdad, Basra and Erbil as follows:
The exchange rate of the dollar against the Iraqi dinar in Iraq today, Monday, August 9, 2021
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1440.1000 |  1491.2000 | 1457.1000 | 1457.1000 | 1457.1000 | -0.3000 | 06:05 |
| USD/VND | 22925.0000 | 22927.0000 | 22926.1000 | 22908.8000 | 22908.8000 | 18.3600 | 04:25 |
| USD/CNY | 6.4767 | 6.4789 | 6.4827 | 6.4733 | 6.4825 | -0.0056 | 05:10 |
| USD/KWD | 0.3003 | 0.3013 | 0.3006 | 0.3004 | 0.3006 | -0.0001 | 05:10 |
| GBP/USD |  1.3886 | 1.3887 | 1.3894 | 1.3850 | 1.3880 | 0.0017 | 05:12 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14384.0000 | 14385.0000 | 14426.0000 | 14359.0000 | 14426.0000 | -47.0000 | 05:12 |
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Al-Rafidain Center for Dialogue, in cooperation with the Association of Banks, organizes a symposium to qualify the leaders of digital transformation in Iraq
Rafidain Center for Dialogue organized, in cooperation with the Association of Iraqi Private Banks, in Najaf Governorate, a symposium "Qualifying the Leaders of Digital Transformation in Iraq", in the presence of a number of elites and specialists.
During the symposium, the advisor of the Association of Private Banks, Sherwan Anwar Mustafa, gave his speech, which focused on the measures taken by the Central Bank and the government towards the transition to electronic payment, which will contribute to facilitating the business environment and removing the existing complications.
Mustafa confirmed that the Central Bank launched an initiative called Tamweel to support young people and all those wishing to establish projects, through soft loans and very appropriate interest rates.
The scientific assistant to the President of the University of Kufa, a number of specialists at the university, as well as the scientific assistant of the School of Gifted Students in Najaf, and representatives of the Najaf Chamber of Commerce and Industry attended the discussion.
Youssef Al-Awsi, coordinator of the project to qualify digital transformation leaders in Iraq, presented the most prominent stages that he achieved, and one of the distinguished paragraphs was the participation of the young talented student Haura Salam Bayan (14), who was reported by the media about her obtaining and
participating in the Digital Transformation Leaders Qualification Program, with up to 1200 participants. From the damage levels, including university students, in approximately 7,500 courses in various disciplines, and the equivalent of approximately 11,000 training hours
A parliamentary warning to the government against heading towards international borrowing again
On Monday, a member of the Parliamentary Economy and Investment Committee, Mahmoud Al-Zajrawi, warned the government of Prime Minister Mustafa Al-Kazemi against going to borrow from the International Monetary Fund .
Al-Zajrawi said that "the serious approach to obtaining non-oil revenues lies in activating internal and external investment," noting that "the government's reliance on the borrowing policy will shackle the Iraqi economy and future generations with great debt ."
He added, "Diversifying sources of income by activating external and internal investment and activating private sectors and companies as an alternative to borrowing to spare Iraq from large indebtedness ."
In a previous statement, the head of the National Nahj bloc, Ammar Tohme, warned the government against going to borrow from the International Monetary Fund and its severe damage to the country.
Al-Kazemi: Today we are inspired by the message of truth and the platform for change
Prime Minister Mustafa Al-Kazemi said, on Monday, August 9, 2021, on the occasion of the new Hijri year, we are inspired today by .the message of truth and the platform for change towards establishing a generous and enlightened foundation for society
The obelisk publishes the text of the statement
The new Hijri year will come upon our honorable Iraqi people and the entire Islamic nation, recalling the historical migration of the Messenger of .)humanity and reform, Muhammad bin Abdullah (may God bless him and his family
From this fragrant memory full of divine meanings and determination, we are inspired today by the message of truth and the platform for change .towards establishing a generous and enlightened foundation for society
The Prophet of Mercy, through his emigration, set an example for those who walk the path of righteousness, and who reject oppression, so that they may infer from it over time, just as those who seek today on this path must invoke the Prophet’s migration as a reward for action and a guide to . .attaining the approval of the Creator, and achieving the righteousness of the nation, as long as their hands are able to do so
With this blessed memory, we pray to the Creator, the Exalted, to bestow His blessings and guidance on our people, and to descend peace and mercy .upon His servants, for He is the best of the Lord and the Helper ,
Mustafa Al-Kazemi
Prime Minister
August 9-2021
CBI Update: Just a note:
including $18,450,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
8-8-2021 Newshound Guru Breitling Statement: "These guys are so corrupt. It's never going to revalue." It's completely opposite. If they were so corrupt they would have revalued it, got as much money as they can, exchanged it for another currency and got out of the country. It's a completely opposite situation. I don't know where people are getting that - speculation? Or they're just frustrated. I don't know but it doesn't make any sense. They would have revalued a long time ago if they were corrupt...
8-8-2021 Newshound/Intel Guru Walkingstick & Frank26 The new exchange rate is wrapped up in the minutia of the implementing of the White Papers and both the reforms - economic and monetary - right now. They can't say directly to you, 'This is the new exchange rate.' But they don't have to. Every action being taken...is a reflection of both of the reforms...all the minutia, the details, to the smallest dot dotted to the biggest T crossed, every detail is in the White Papers and so is the new exchange rate.
8-8-2021 Newshound Guru Pimpy Still good news. They're rocking and rolling. I like the way things are going. They're progressing. Slowly. But progressing none the less.
8-8-2021 Intel Guru Frank26 When they introduce the new exchange rate and when they introduce the new small category notes they are preparing the money exchangers in Iraq to do away with the black market...basically to do away with Iran...who owns the money exchangers in Iraq? Iran! Every money exchanger is literally sponsored by a parliamentary agent...they're getting rid of the profiteering...I love what I'm seeing! There's so much authority. So much sovereignty. So much control. So much security. So much stability. So much value coming soon!
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