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Showing content with the highest reputation on 10/20/2020 in Posts

  1. I believe the articles talking about printing new 50,000 notes and also the articles talking about devaluation of the dinar, are pure BS Their goal is an open market economy with an international recognized currency and purchasing power. Go RV
    18 points
  2. - Collapse of the dinar - Devaluation of the dinar - Printing 50,000 notes - The zeros have nothing to do with the value of the currency This could be a CBI strategy to get the Chunky Cash from the mattress Into the banking system. Go RV in the near future
    14 points
  3. Good Evening Dinar Vets, here's a few opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Pimpy *** Article: "Indicators of the dollar war against the Iraqi dinar...The "latent" foreign currency reserve is a good number" I don't know you guys, man they're kind of skirting the edges here on what looks like an announcement of some type of rate change. Now don't quote me to this but they seem to be skirting that border there very carefully...I can understand why people are kind of bouncing around...I don't want to give people false hope. Don't get overly excited...but I do find it very interesting that these so called rumors are being leaked out by parliament. Very very interesting...until there is an official announcement from the central bank just assume all this is just rumors for now...it's exciting... *** Mark *** ...Most of my banking centers have been very, very quiet…especially IRAQ. I cannot get anything from there. I have reached out to many contacts with no response. I am hoping and praying that is a positive thing. The article in Iraq parliament was supposed to be voted on Saturday in a closed session and I cannot find out what happened…They are dead silent in the sandbox. Not much out there today ... Be Blessed ... RON
    14 points
  4. Good Morning Dinar Vets, here's a few opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Petra *** ...it's very clear what the future holds for Iraq. It can't be any clearer. There is definitely a path, a strategy, a process and now an execution of the process is occurring right in front of us. I'm very encouraged with what I've read...what's very telling to me is not just what's going on in Iraq but look what Kazemi is doing right now. He's on a war path right now going through Europe. He's going to Paris and Berlin and the UK and it's all about internationalism...clearly signing deals and making things happen for the growth of his country...I'm very encouraged... *** Mnt Goat *** ...what is going on these past couple days...To begin with parliament entertained the CBI and they talked about the so-called “White Paper”. Our friend Dr. Shabbi was present and gave a speech about FOATING the dinar...my important point in recent news is that they are actually seriously discussing putting the dinar on a FLOAT. Folks do you know just how good this news is?...I believe they are really going to do it this time... this comes in perfect timing for a January 2021 reinstatement. But...can they even wait that long since they are scrambling now to find solution on how they can meet the October dues and salaries to the citizens. ...Remember the only had secured these dues until September and we are past that already. I know...they always seem to find a solution at the last minute...But I got to tell you this time there is so much positive discussion about doing the float...
    10 points
  5. Hurry up, hurry up ..... HURRY THE HELL UP ALREADY !!!! okay, I’m calm..... we’ll, not so much as I thought. Yes, I’m very impatient these days.
    9 points
  6. LINK Masoud Barzani writes an encrypted tweet 20th October, 2020 Kurdish leader Masoud Barzani wrote, on Tuesday, a tweet that apparently carried a special message. The tweet was in English, and carried with it, "Today is not like yesterday, and tomorrow will not be like today." He did not indicate other details.
    9 points
  7. The Governor of the Central Bank of Iraq, Mustafa Ghaleb, held a series of meetings with a group of large German banks, and the meetings discussed investment opportunities and work with Iraqi banks, which met a high response from German banks, as they confirmed their desire to complete the talks in Baghdad soon.
    9 points
  8. Anybody been in this investment should know, history was already in the making, Dr. Sinai Shabibi Governor of the Central Bank of Iraq at the time had already printed the $100,000.00 note and the $50,000.00 in the spring of 2011. The $100,000.00 dinar note was for Large International Inter Banking Exchange Transactions, these notes were put in the MRI book. The signed MOU that happened today with Khazemi and Macron is huge! The MRI book is a book of all International Currencies for those who don’t know, all International Banks use this book for verification on all currencies. The invitation from Macron is a invitation for Iraq to enter the International Stage. Please read this article carful their not going to print a currency that’s already printed. This is a shout-out to Yota from Joey and Wheelman, we would like your response. This is HUGE! @yota691your response is appreciated in advance.
    9 points
  9. Sumaisem for the obelisk: The zeros have nothing to do with the value of the currency ... and one of the solutions to overcome the financial crisis is to reduce the price of the dinar against the dollar to obtain a larger amount of cash 13:58 10/20/2020 74 numbers of reading Baghdad / Obelisk: The economic expert, Salam Sumaisem, predicted, on Tuesday, October 20, 2020 the rise in the exchange rate of the US dollar against the Iraqi dinar as a result of the increase in demand for it, while she saw that the important aspect is .that people believe that zeros have a relationship to the currency, and the answer On this in the negative Sumaisem said to the obelisk: There was a project and I think it is still present at the government to reduce the price of the Iraqi dinar, the direction of the dollar to obtain a larger amount of cash, meaning that if one hundred dollars is equal to 120 thousand Iraqis, one hundred dollars equals 150 thousand Iraqi dinars, and this means an increase of 30 thousand dinars More Iraqis, at the value of one hundred dollars, but on the other hand, the real income value of the citizen will decrease, for a citizen whose .salary is 600 thousand dinars becomes as if its value is 400 thousand dinars, which means reducing incomes Sumaisem added: The other solution was to reduce it 30%, and we see that this solution has been achieved. When they give you the salary every 45 days instead of giving it every 30 days, it means reducing the salary by about 30% and this is a dangerous .thing, noting that all of this is solutions to get rid of the impasse in not providing Salaries Sumaisem believes that the reform memorandum, or the so-called white paper, includes an adjustment of the dollar’s value towards commodities. As the Finance Minister said, he wants to intervene and leave the auction to market power according to .supply and demand Sumaisem expects upcoming changes in the prices of the dinar and the dollar, and as you notice, the dollar price began to rise .while the incomes of citizens decreased in the face of this new wave of inflation .Sumaisem said that the rise in the dollar price will lead to an increase in food prices She added that "the increase in some materials is a result of citizens' fear of being cut off from the markets as a result of the ".financial crisis that the country is going through, or developments in the Corona virus and talk about re-imposing a curfew She indicated that "there is also an important issue that is directly related to the high price of materials, which is the high exchange rate of the US dollar against the Iraqi dinar, as the markets are witnessing a significant increase in the dollar exchange ".and it is expected to rise more than the current price She attributed this to "citizens’ fear of the depreciation of the Iraqi dinar, so they resorted to increasing students to the dollar because it is more secure than the dinar, and storing the dollar and increasing the demand for it, will lead to an increase in the prices of materials because it is most likely that these materials are imported and residing in the US dollar, which will be reflected " .negatively. " The ultimate consumer, the citizen
    8 points
  10. The federation council is not in the law library. It has only been read twice and needs amendments. So technically it's not a law yet. The council of the Union law has been read twice also and that one is needed for the provincial councils also. We don't have the amendments to law 21 of 2008 that the province's need. Abadi tried but didn't get them done. We will need new provincial elections to happen first anyways. The federation council better called the council of the union cannot come into affect as a law once they complete it until these elections take place first. Only then could you elect and seat the 2nd chamber of their government. Also imo there is no 100,000 dinar for large transactions. You can wire money anywhere in the world nowadays so why would you need such a large bill? But then again I'm only a country girl so what would I know after being in this for 10 years.
    8 points
  11. THIS THREAD IS FOR PRO-TRUMPERS TO HAVE A RESPECTFUL, CIVIL CONVERSATION ABOUT AN IMPORTANT ISSUE. NEVER TRUMPERS, PLEASE DON'T BRING YOUR DIVISIVENESS AND ANIMOSITY INTO THIS. THANK YOU!A I like to listen to all Trump's rallies when I can because he occassionally drops an important tidbit of information. And he dropped a humdinger tidbit yesterday. This is one of 2 Trump rallies from yesterday, this is the first one in Prescott AZ. Start listening at the 2 hour 15 minute mark, and listen for the next 1.5 minutes - until 2:16:30. Trump's talking about Biden and then he mentions AG Bill Barr. Listen now and then read my take on it below (inderneath the youtube video) after you've listened to it yourself first - without any preconceived ideas about what Trump is hinting at. Watch LIVE: President Trump Holds Make America Great Again Rally in Prescott, AZ 10-19-20 - Right Side Broadcasting Network Watch LIVE: President Trump Holds Make America Great Again Rally in Pres... Monday, October 19, 2020: Join the RSBN crew for live coverage as President Donald J. Trump holds a Make America... When he says Barr is a very nice man who doesn't want to hurt anyone, he's explaining why Barr didn't arrest Biden weeks ago. So I, as one of many (including Trump, apparently) who are continually frustrated by the lack of high-level indictments/arrests, think Trump is saying nothing will happen with Biden, either, because Barr is nice and doesn't want to hurt him. But geeze Louise, Barr is the AG of the US and I can't imagine he'd let his "niceness" interfere with him performing his job. So in trying to figure this out, I got the idea that maybe Barr is contacting Biden right now and telling him, "You need to pull out of the election and we'll handle this quietly. If not, I'm gonna have to expose you to the world". That way Barr still performs his job, but does so in a kind way by giving Biden the chance to minimize his pain (public outrage, scorn and shame). And it would be better for the country not to have all this exposed - not just for Americans, but the rest of the world because it would be so embarrassing for the US and damage its reputation. This level of hidden corruption and debauchery (Hunter's sex/pedo tapes) is so shocking it would undoubtedly rock the world, let alone destabilize 1/2 of Americans who thought their leaders were decent human beings. Biden has canceled all activities until the debate Thursday night, where it's likely Trump will confront him about Hunter's laptop (now proven to belong to Hunter) if the moderator doesn't. So starting Thursday night, I don't think Biden will be able to hide from this anymore. My guess - and hope - is that Biden, will announce, between now and Thursday night, that he's withdrawing from the election. This would be unprecedented and I don't even know how that would work. But these are unprecedented times and between the recent revelations that Hillarious invented the Russian collusion story to take attention away from her emails, and now Hunter's laptop, along with other corroborating emails from other sources, that expose that Joe Biden was using his office to get millions (billions) of dollars from foreign governments - which he funneled through his relatives, I think Biden is caught and won't be able to escape. And I really don't think he can last 2 more weeks until the election. What did other people think when you listened to this?
    7 points
  12. Good Afternoon Dinar Vets, here's a few opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Breitling ...when the dinar revalues I'm not gonna stick around...me getting out of the Iraqi dinar when it revalues has nothing to do with my confidence in how far the dinar will go...the reason I have so much confidence in Iraq because I understand the global money system. I understand how it works... *** Frank26 ...they have been educating the citizens since November of last year. November, December, January, February, March, April, May, June July, August, September, October and we have the proof...month after month after month from the coins, from the new small category notes...that drumbeat has not changed...
    7 points
  13. LINK The Central Bank announces the completion of investment talks with German banks in Baghdad 2020/10/20 17:49:12 The Central Bank of Iraq announced, on Tuesday, the desire of German banks to complete discussions on investment in Baghdad soon. And the Central Bank media stated in a statement that the Euphrates News received a copy of it, that "this came during a series of meetings with a group of large German banks," Mustafa Ghaleb. He added, "The meetings also discussed investment and work opportunities with Iraqi banks, which received a high response from German banks, as they confirmed their desire to complete the talks in Baghdad soon." "The governor of the Central Bank, accompanied by Minister of Finance Ali Allawi and President of the National Investment Authority, Suha Al-Najjar, also participated in the meetings held with the German Ministry of Development and Economy and the Ministry of Finance, as part of the current visit to Germany, where ways to strengthen economic relations between the municipality and its future prospects were discussed," the statement added. ############ German banks express their desire to invest and work with Iraqi banksLINK
    7 points
  14. I amn't scared with this kind of bs articles at all. I just laugh when I am reading this article. just keeps coming more and more and more bs articles to distract the dinar investors. and then who knows next week or next month or the end of this year booms rv is coming suddenly and surprisingly with a prior notice. come rv.
    7 points
  15. LINK Al-Kazemi from Berlin: We are close to announcing the second phase of the road map for developing electricity 20th October, 2020 Prime Minister Mustafa Al-Kazemi revealed, on Tuesday, that the second phase of the road map for the development of electricity in Iraq will soon be announced, indicating that this will be with the participation of German companies. Al-Kazemi said in a joint press conference with German Chancellor Angela Merkel and "Al-Iktissad News" followed him, "We are approaching the announcement of the second phase of the road map for developing electricity in Iraq with the participation of German companies." "We have embarked on an ambitious program to restructure and build the Iraqi economy," Al-Kazemi added, stressing, "looking forward to benefiting from financial support to organize free and fair elections." And Al-Kazemi said that he "came to Berlin to confirm Iraq's commitment to its desire to establish close relations," noting that he "looks forward to a true partnership with Germany."
    6 points
  16. Thank You, KristiD!!! Along with Former Admiral William McRaven’s recently publicized support of Uncle Creepy Hiden Joe Biden, wonder how accurate and close to “execution” THIS ALL “is”!!! Looks like THEE DEEP “throat” STATE IS ABOUT TO TAKE A HUGE HIT!!! YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!! Maybe Former Admiral William McRaven was complicit with the 9/11 missile strike on the Pentagon that KILLED Americans. IF (AND I SAY IF!!!) HANG THEM ALL HIGH PUBLICLY AND IMMEDIATELY IF NOT SOONER!!!
    6 points
  17. The Prime Minister's Office reveals the details of the meeting between Al-Kazemi and Merkel Time: 10/20/2020 12:58:04 Read: 1,495 times (Baghdad: Al Furat News) The Prime Minister, Mustafa Al-Kazemi, met today, Tuesday, with German Chancellor Angela Merkel in Berlin, who arrived on his second leg of his European tour. Al-Kazemi discussed with the German Chancellor, according to a statement by the Prime Minister’s office, "the overall bilateral relations between the two countries, and ways to advance joint cooperation at various levels and fields." The statement added, "The meeting also included discussing the files of the German-Iraqi partnership in the field of confronting terrorism within the international coalition against ISIS, the file of German aid for the reconstruction of liberated areas, as well as cooperation in the field of developing infrastructure and electric power networks, and the role of German companies in this and other sectors." . Ammar Al-Masoudi
    6 points
  18. And Don’t Worry - The Bro’s Are In Hot Pursuit Of Kazemi All Around Europe To Bring Us Live Intel From Every One Of His Stops !
    6 points
  19. http://aynaliraqnews.com/index.php?aa=news&id22=90695 2018-01-19 at 16:21 (Baghdad time) Parliamentary sources revealed parliamentary efforts to legislate a new law that includes the establishment of a new parliamentary union comprising members of the Governing Council, members of the Council, members of the National Assembly and members of the House of Representatives. The sources told Mawazine News that "the parliament is in the process of enacting a new law that includes the establishment of a new union that includes members of theGoverning Council, members of the Council, members of the National Assembly and members of the House of Representatives," indicating that "the law will include members of the House of Representatives under the government of Prime Minister Nuri al-Maliki 2006 and 2010, and members of the House of Representatives under the current Prime Minister Haider Abadi in 2014, and whose session ends after a few months. "The law also includes everyone who will serve as a member of the House of Representatives in the future, according to Article 4 of the new law, which gave the right to each of the members of the legislative authority and the membership of the Governing Council, belonging to the new institution formed by the new law, "He said. "Paragraph (4) of Article 3 of the law states that this union seeks to defend the rights of members material and moral, which reveals that this law opens a large door to protect any of the accused in cases of corruption and the legal formula stipulated in the Official Gazette, For the protection of the rights of these members and defend them if they are exposed by any institution in Iraq for these rights. " The sources pointed out that "the new law established the Union and made him a president and deputy and Secretary General and a public body and make it an independent body and set the objectives of the Union and make committees of the Union most important committees that are formed in each of the province of that province as stated in paragraph I of Article (14) . For his part, said other parliamentary sources, "The law in its current form requires the House of Representatives to pay huge expenses for these offices in all provinces." The new law was published in the Iraqi Official Gazette, Official Gazette No. 4486 on 8 January 2018 - about a week after it was officially activated - and No. 86 of 2018. The law, passed by the Iraqi parliament on December 21, 2017, establishes a new union - not a non-governmental organization - that includes members of the Governing Council who took power during the 2004 Bremer civil administration, as well as members of the National Assembly Under the government of "Iyad Allawi" in the same year, as well as members of the National Assembly in the government of Ibrahim Jaafari in 2005.
    5 points
  20. Im not sure Dinarthug even knows who Joey was he prob. thinks she is a Guru and we usually burn those here at the stake.
    5 points
  21. Please See Attachment http://aynaliraqnews.com/index.php?aa=news&id22=90695 2018-01-19 at 16:21 (Baghdad time) Parliamentary sources revealed parliamentary efforts to legislate a new law that includes the establishment of a new parliamentary union comprising members of the Governing Council, members of the Council, members of the National Assembly and members of the House of Representatives. The sources told Mawazine News that "the parliament is in the process of enacting a new law that includes the establishment of a new union that includes members of the Governing Council, members of the Council, members of the National Assembly and members of the House of Representatives," indicating that "the law will include members of the House of Representatives under the government of Prime Minister Nuri al-Maliki 2006 and 2010, and members of the House of Representatives under the current Prime Minister Haider Abadi in 2014, and whose session ends after a few months. "The law also includes everyone who will serve as a member of the House of Representatives in the future, according to Article 4 of the new law, which gave the right to each of the members of the legislative authority and the membership of the Governing Council, belonging to the new institution formed by the new law, "He said. "Paragraph (4) of Article 3 of the law states that this union seeks to defend the rights of members material and moral, which reveals that this law opens a large door to protect any of the accused in cases of corruption and the legal formula stipulated in the Official Gazette, For the protection of the rights of these members and defend them if they are exposed by any institution in Iraq for these rights. " The sources pointed out that "the new law established the Union and made him a president and deputy and Secretary General and a public body and make it an independent body and set the objectives of the Union and make committees of the Union most important committees that are formed in each of the province of that province as stated in paragraph I of Article (14) . For his part, said other parliamentary sources, "The law in its current form requires the House of Representatives to pay huge expenses for these offices in all provinces." The new law was published in the Iraqi Official Gazette, Official Gazette No. 4486 on 8 January 2018 - about a week after it was officially activated - and No. 86 of 2018. The law, passed by the Iraqi parliament on December 21, 2017, establishes a new union - not a non-governmental organization - that includes members of the Governing Council who took power during the 2004 Bremer civil administration, as well as members of the National Assembly Under the government of "Iyad Allawi" in the same year, as well as members of the National Assembly in the government of Ibrahim Jaafari in 2005. Above is the articles of TRUTH! Federation Council needed to be enacted to have a fully seated Government to go International. This Council oversees provinces that are under Articles-140, 141 of the Iraq Constitution. That is why the provincial council law was postponed. When Khazemi went to Europe Sunday with all Independent bodies, does anyone believe a member of The Federation Council wasn’t in attendance? of course the Federation Council is there. Joey read to the community in March of 2012 of this council (The Iraqi Senate). How do you currently have now a FDIC, become a major bank stockholder, to encourage investment, and investors, without a Fully Seated Government. As far as the $100,000.00k note, I was puzzled by the comment, the note does not exist, (because banks use wire transfer). We are not talking about Bitcoin, we are talking about physical currencies. In our community, we need facts, we need truth, so many people would set you on a wrong course because of lack of knowledge and research. This journey is about the Iraqi People, and our Military.
    5 points
  22. ( IQD Rates - Updated: Tuesday - 10/20/2020 ) Official Central Bank of Iraq (CBI) Dinar Rate: 1190 IQD to 1 USD Dinar Market Rate: (CBI last reported 10-15-2020) no change 1250.465 IQD to 1 USD - Rates Are Within IMF 2% Rule: No - Are Rates IMF 2% Rule Compliant for 90 Days: No The deviation is now 37.465 IQD out of compliance..!
    5 points
  23. Shabibi gave a speech?? can anyone verify this? Thanks Ron for bringing these over.
    5 points
  24. This is from couple days ago... The central bank is threatening to lose its independence and cash storage by Siteadmin Opinions and ideas 4 Days ago Farhad Alaeddin Finance Minister Ali Allawi said in a press conference following the adoption of the White Paper for Economic Reform by the Council of Ministers on October 13, saying, “We have a strong and strong relationship with the Central Bank to unify monetary and financial policies, and this will provide us with the ability to cover all the requirements and entitlements of the salaries of employees and retirees. “This statement went unnoticed by the political, economic and media elites, and no one paid any attention to what the minister’s statement carried about a fundamental shift in the financial policy of the Iraqi state from a clear and exciting prejudice to the independence of the Central Bank from the financial policies adopted by the government. The intentions of the Minister of Finance are clear. The Central Bank has become “very cooperative” with the government's financial policy, after its independence according to its enforceable law contradicts the possibility of any potential cooperation that violates the basic rules of the bank in order to preserve the guarantee and strength of the Iraqi economy on the one hand, and not bear any government failure in managing The fiscal policy on the other hand, in a context known to successive governments, and because the central bank adopts monetary policies independent of the government's financial policies. The dispute that arose between the government of Nuri al-Maliki and the governor of the Central Bank, Sinan al-Shabibi in 2012 is not far from memory, which ended with al-Shabibi being accused of corruption and the issuance of judicial orders for his arrest! While he was in the Japanese capital, Tokyo, to participate in an economic conference, it came to his trial in absentia, sentencing him to seven years in prison in 2014 and removing him from his post. The role of the central bank The Central Bank is an institution that is financially and administratively independent from the government according to Article 103 of the Iraqi constitution, and it is responsible for setting monetary policy, issuing and managing the national currency and foreign reserves, and setting regulations, procedures and controls for the work of local banks in the country and monitoring and auditing their work, and is the official body that represents Iraq in financial institutions And international monetary such as the International Monetary Fund and the World Bank and others. Among his tasks is also determining the supply and demand for money by setting interest rates. It is also responsible for receiving deposits of oil sales and keeping the state’s cash reserve, and has the right to dispose of storage in a way that preserves the state’s financial position in international forums, and preserves the value of the national currency. This means that the independence of the central bank from government financial policies is very important to preserve the public money deposited in the bank’s vaults. What the Minister of Finance announced in his aforementioned statement is considered a dangerous precedent for inserting the central bank into the core of the government's financial policy, and making it a tool to implement this policy, and this was clearly demonstrated by what was included in the (white paper) of financing the budget deficit and considering reserve stocks as the only source to bridge the deficit And herein lies the real danger. It is noteworthy that the white paper indicated on page 37 to the danger of using the central bank as a source of financing, "which will lead to severe pressure on the reserves of the Central Bank and the resulting unsustainable future consequences." Experts reiterated this risk, as it was stated on page 42 of the above paper, “Indirect monetary financing by the Central Bank of Iraq is the only remaining source ... The need for this reserve in financing imports of goods and services means its dangerously low within nine months. Which will ultimately lead to a real crisis in the value of the Iraqi dinar, accompanied by the possibility of a collapse in its value. It is worth noting that the Central Bank and its reserve treasury are threatened with decline through three axes: First: Using the reserve treasury of the central bank to finance the government's fiscal deficit. This is done in two ways, the first is to "buy goods and services" using hard currency, and the second way is by using the central bank administration to reduce the exchange rate of the dinar against the dollar to lower levels in order to "pay monthly benefits from salaries." Second: The continuation of the notorious currency auction, which is a reservoir of corruption and a source of wealth for influential people in the world of politics, finance and business, as hard currency sales exceed state revenues in most cases, and this means withdrawal from reserve stocks and their decline. Third: The increasing pressure from the state’s creditors, especially Iran, to finance its economy with hard currency, after the US administration listed 18 Iranian banks under penalty of sanctions, so that the Central Bank of Iraq and Iraqi banks became the only outlet for Iran for hard currency. The visit of the Governor of the Central Bank of Iran to Iraq came on October 12, 2020 The statements of the Minister of Finance were not matched by any statement from the Central Bank Governor about these risks, and we have not heard from the new governor, what is his vision of managing the bank’s affairs ?! What is his monetary policy ?! How can he maintain the cash reserve ?! Amid the worsening current economic crisis. Therefore, it is imperative for the new governor to clarify to the public opinion and the societal elites the prospects for the policies of the Central Bank and its position on the dangers of the crisis facing the country, and the means to address it and preserve the reserve stock. The easiest solution is not a solution According to informed sources, the team of experts is still busy maturing the white paper and adding details and appendices as a second stage for preparing the road map in detail. The team pointed out the danger of borrowing from the central bank, and even pressure on the price of the dinar and using it as the only means to fill the public budget deficit as stated on the page. 42 of the paper, and the team in charge of its dimensions warned that this "will subsequently lead to an increase in the cost of living, and thus reduce the ability of the majority of individuals to meet their requirements, as the country depends entirely on import to meet consumption." This means that the majority of the people will pay the price for the aggravation of their suffering as a result of this shift in the adopted fiscal policy. A financial expert, who did not want to reveal his identity, confirms that “the shortest and easiest way to deal is to resort to reserve storage in the central bank and go towards printing the dinar, but taking this way is not a solution, rather it is suicide in particular.” The real fear is that the government and political leaderships resort to this way instead of starting With real radical reforms, which require executive decisions issued by the government, and other legislatively supported decisions by Parliament in the event that Parliament cooperates with the government. The national duty here makes it imperative for all political forces and all their spectrums and leaders not to stand idly by and to actively participate in adopting practical and difficult solutions that the government team will present through the white paper and its annexes, in addition to what is presented by other experts outside this team from Parliament, sober economic research centers and monetary policy experts. Real reform needs courageous and decisive decisions with the participation of all. Keeping the doors of corruption wide open in most state institutions, reluctance to curb corruption whales, especially the ruling parties themselves, and not abolish their economic offices to limit their control over ministries, institutions and vital sectors that will ensure the continued exacerbation of risks and threats to the current financial situation, which means that Iraq is going towards A real collapse, and only a few months prevent it from this collapse. With the collapse of the financial and economic situation as expected, the political process will collapse as well, to be followed by the collapse of the Iraqi state, and thus chaos will prevail, and at that time no one will be able to reset and control the situation again except by a miracle that will be difficult to obtain and verify. What exacerbates the pessimism is that we live in a multi-wing society that is loyal and armed with a loss of control over directing the compass in favor of its stability in normal circumstances, let alone in the circumstances of bankruptcy, political strife, scarcity of resources and the loss of people's livelihood. We are facing the last opportunity, and the political forces have nothing but the initiative to correct the course and agree to take courageous and responsible decisions to prevent the worst possible scenarios. * Chairman of the Iraqi Advisory Council
    5 points
  25. Well if anyone is going to accomplish the removal it will be PM Kazimi and the Governor of the central bank. Good Luck guys!!! Thank you Yota
    5 points
  26. Tuesday، 20 October 2020 12:49 AM https://www.thebaghdadpost.com/en/Story/50254/Iraq-signs-three-MOUs-with-France-on-railway-agriculture-and-academia Iraq signs three MOUs with France on railway, agriculture and academia Iraq and France signed a series of agreements in Paris to boost Iraq’s transport, agriculture and education sectors, according to the office of Iraqi Prime Minister Mustafa al-Kadhimi. A senior Iraqi delegation led by Kadhimi began a European tour on Sunday, meeting with French President Emmanuel Macron and Prime Minister Jean Castex at the Elysee Palace in Paris. Germany and the UK are also on Kadhimi’s agenda. "Iraq and France sign in Paris three Memorandums of Intent regarding the Baghdad suspension railway project, on strengthening the institutional capacities of the Iraqi Ministry of Agriculture, and on expanding the admission of Iraqi students to French universities," read a tweet from the Iraqi government. During his meeting with Macron, Kadhimi expressed his intention to “strengthen the existing friendly relations between both countries,” appreciating “efforts made by France to launch an initiative to support the Iraqi government, according to a statement from Kadhimi’s office. Macron has previously spoken about developing projects with Baghdad. “We want to implement projects which are important, especially Baghdad's railway and the energy project which we talked about with Mr Prime Minister [Kadhimi],” he said during a one-day visit to Baghdad on September 2. During his trip to France, Kadhimi also met with the heads of French companies “to create a strong economic partnership,” according to a statement from Kadhimi’s office. Kadhimi's visit to Europe comes as Iraq is gripped by an economic crisis, exacerbated by a drop in oil prices and the global coronavirus pandemic, and attacks on diplomatic missions by Iran-backed militia groups that have been met with international condemnation. German Chancellor Angela Merkel is scheduled to receive Kadhimi in Berlin on Tuesday, where the two will discuss "bilateral relations", "economic cooperation," and efforts to contain the coronavirus pandemic, as well as the "joint fight against IS [Islamic State]," according to a statement released Friday by the German cabinet.
    5 points
  27. Al-Kazemi leaves Germany for the British capital, London Political | 08:21 - 10/20/2020 https://www.mawazin.net/Details.aspx?jimare=127101 BAGHDAD - Mawazine News The Prime Minister, Mustafa Al-Kazemi, left Germany on Tuesday, after part of his European tour, heading to the British capital, London. "The Prime Minister, Mustafa Al-Kazemi, left Germany on his way to the British capital, London," state TV stated, in urgent news that was seen by Mawazine News. Earlier on Tuesday, the Prime Minister arrived in the German capital Berlin, and met on the second leg of his European tour with German Chancellor Angela Merkel. The Prime Minister, Mustafa Al-Kazemi, began a European tour on Sunday, which includes three countries, which began in France, then Germany, and finally Britain
    4 points
  28. LINK Specialists: Financial Inclusion Is An Important Step For The Advancement Of The Iraqi Family 20th October, 2020 Financial inclusion represents an important step for the advancement of the Iraqi family, which must benefit from the financial services provided by the banking system. Economic affairs specialist Raghad Nabil Al-Alusi stressed "the importance of benefiting from regional and international experiences and starting a new stage, and from where the world ended," noting that "financial inclusion essentially means delivering all financial services to the weakest income groups in society." Online payment She added that "expanding the phenomenon of financial inclusion and reaching it to the largest segment within the local community, requires banking mechanisms and advantages resulting from the use of electronic payment methods close to the banking business, which will help achieve the goal." It is mentioned that the Central Bank of Iraq seeks to develop the financial and banking sector through the development Infrastructure that enables financial and banking institutions to improve services and facilitate access to them by all segments of society. Therefore, inclusiveness receives special attention and contributes to banking education for services for all segments of society, especially students. Low income Al-Alusi indicated that "financial inclusion in its general sense means the generalization of financial and banking products and services at reasonable costs to the largest segment of society, institutions and individuals, especially low-income segments of society, in contrast to financial exclusion that excludes these segments," noting that "society can benefit from services. That is provided by the banking system through the port of inclusion and invested in small and medium enterprises that suit the family's preferences. Growth opportunities Specialists in economic affairs emphasized that financial inclusion “represents an important dimension in the comprehensive and sustainable development strategy because of its impact on improving growth opportunities and financial and social stability. The international community has an ambitious goal, represented by universal financial services for all, for its effective role in fighting poverty and reducing unemployment worldwide.
    4 points
  29. I always wondered as a kid why ants (who were reportedly hard workers) found time to go on picnics.....
    4 points
  30. If Shabibi gave a speech we would already have known about, it from legitimate sources, in my opinion! That goat character is a made up, by some pumper! There is all kinds of scuttle-butt about the identity of this made up character! The person that spews the Bull$hit from this character, thinks we will forget who and what this character has said and done over the years! Weegie is a big fan of the goat go back through his post over the years if want a sampling of the crap spewed by this fictional character! JMHO 🤠
    4 points
  31. Tuesday - October 20, 2020 CBI - The results of the foreign currency sale window on Tuesday 10/20/2020 and executed today Advertisement No. (4278) Sale date - Tuesday 10/20/2020 and executed today Details Amount Total sale for the purpose of strengthen outside assets (Transfers and credits) 168,000,000 Total sale cash 22,000,000 Total sale amount 190,000,000 Note that: The sale price of the sums transferred to bank accounts abroad is ( 1190 ) dinars per dollar. The cash sale price is ( 1190 ) dinars per dollar. » The Central Bank of Iraq sales schedule for foreign currency (amounts in thousands of dollars) Tuesday 10/20/2020 and implemented today
    4 points
  32. Al-Kazemi to the heads of French companies: Our anti-corruption campaign is starting to bear fruit Time: 10/19/2020 19:41:03 Reading: 3,250 times (Baghdad: Al Furat News) The Prime Minister, Mustafa Al-Kazimi, met today, Monday, with a number of French company heads, on the sidelines of his current European tour that started in the French capital, Paris. Al-Kazemi clarified during the meeting the level of challenges that Iraq faces due to the economic repercussions of the Corona pandemic and the decline in oil revenues. As indicated by the Prime Minister, the government's determination to transform these challenges into an opportunity for success from which the Iraqi economy would start towards a radical transformation in reducing dependence on oil exports. He added, explaining the reform white paper adopted by the government, and the response it received, which included economic and administrative reforms, as well as their inclusion in reducing government expenditures. Al-Kazemi explained to the heads of French companies Iraq’s keenness to create a solid economic partnership, and its endeavor to sustain momentum in developing the real transition in the economy, just as it is keen to provide healthy and appropriate conditions for investment and address the obstacles it faces, and Iraq has already embarked on a campaign to confront and encircle administrative corruption. This campaign has begun to bear fruit. Ammar Al-Masoudi
    4 points
  33. They Only Call Him Joey For Short - His Real First Name Is Pronounced JoeWee’gie !
    4 points
  34. If you believe this I've got a Trillion Dollar note from Zimbabwe to sell you. Oh wait, I do have a Trillion Dollar note from Zimbabwe. Nevermind, I ain't selling. Might be a collector's item one day. HA!
    4 points
  35. THEE “coast” MUST BE CLEAR.....................THEE French are HERE!!!!!!!!!!!!!!!!!!!!!!! Know what THEE “Baghdad” “Sky” “Train” WILL BE CALLED???!!! THEE Trump Train!!! YYYEREAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!! ALL ABROAD!!! Go Moola Nova!
    4 points


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