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Showing content with the highest reputation on 05/20/2024 in all areas

  1. Every time I see a post like this, I think back to the night Trump won in 2016. Liberal media was so arrogantly sure Hillarious was going to win. A few hours later they were in tears. History repeats itself. Can't wait.
    10 points
  2. 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... So, take everything with a grain of salt ... RON Mnt Goat Folks just remember I am telling you that Iraq already has a value to the dinar way above the 1/6 of a penny. They do not have to develop the private sector to raise the dinar, the economy or... export more products...
    8 points
  3. Sure has been a ton of float articles coming out the past few weeks. I just wish they would do something and get on with it.
    8 points
  4. 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... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani didn't say anything about the rate inside of the budget. They didn't say a word. COM didn't say anything. COM saw the budget with Sudani. We see them sitting there and they're looking it over but nothing is announced except the approval and that it's going to the House of Parliament now. FRANK: You know very well what' going on. He will protect the budget until the very last nano second. Wolverine It’s near guys. I’m not going to say time or day, but I know we are going to have a beautiful, beautiful month. Mnt Goat Folks just remember I am telling you that Iraq already has a value to the dinar way above the 1/6 of a penny. They do not have to develop the private sector to raise the dinar, the economy or... export more products...{Reposted}
    7 points
  5. On a more positive note ; It also gives the Iranian population, that wants to live in a Western culture / society, an opportunity to get out from under the thumb of the 7th Century religious Mullahs ........................ Good ridden to some evil religious freaks ................. Just sayin' ..................
    7 points
  6. As much as I hate to say it, I personally hope he is dead. He has caused a lot of pain and suffering for so many people. He nothing more than a fanatical control freak. The devil has a special place in the land of fire 🔥 for him and the ilk just like him. JMHO , pp
    7 points
  7. 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... So, take everything with a grain of salt ... RON Clare Article: "The Central Bank begins the second phase of its banking reform strategy" Quote: "what will be achieved from the second phase of the banking reform strategy will be reflected in the stability of the exchange rate and the recovery of the Iraqi dinar inevitably" Sandy Ingram Several members of the UN Security Council including Russia and china backed Baghdad's request for the world body's political mission in Iraq to shut down by next year. Washington did not immediately offer its support. Pimpy Article: "Floating the Iraqi dinar. A solution to fill a 'gap' whose volatile price against the dollar" If the Iraq dinar floats and for whatever reason a lot of people start investing into the currency and it drives the exchange rate up, if it gets anywhere near $0.25 and higher for me, I'm out of there! Seriously, I will sell my currency. The cool thing about this is there's no talk about a redenomination. So are they actually going to float this currency with the zeros on there and take the risk that sucker is going to jump up really high in the exchange rate? Keep an eye on that sucker, watch the exchange rate, if it gets anywhere near where you want to sell it, then jump all over it. I wouldn't procrastinate or gamble with it.
    5 points
  8. Confirmed on international news entire group dead and found in wreckage rubble. And immediately the Supreme Leader Ayatollah Ali Khamenei declared he was in absolute power to prevent "issues" from arising - he's 85 and the president was his heir apparent to the Ayatollah's position. Some speculation- faint - shot down or something else causing crash. Biggest issue is the security surrounding the trip.
    5 points
  9. God works in many ways the word tells us, AND every dog has his day i was always told, and yes ive seen that in life, not my will but thine be done lord , on earth as it is in heaven! theres much more to come , just get ready! PRAISE GOD! OH YES ! GO DINAR !😂
    5 points
  10. 4 points
  11. 31. A fiscal adjustment, focusing on containing the large public wage bill and mobilizing non-oil revenues, is needed to stabilize debt in the medium term. The authorities should implement a gradual yet sizable fiscal consolidation, primarily relying on reducing mandatory public sector hiring. wages are a problem...salary scale adjustments are a bigger problem and a social security and welfare system will break the system without a sizeable fiscal adjustment!
    4 points
  12. 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... So, take everything with a grain of salt ... RON Frank26 Question: "Have they shown the citizens the new smaller notes?" Not yet. Pimpy Question: "Is it true the USA invested $60 billion into IQD?" No. That's a rumor. That's been going on for years and years and years. Nobody and I mean absolutely nobody out there has any proof that that's true. It's just a rumor, just like the rumor about Trump owns it, and before that we heard Obama owned IQD, and before that Bush owned IQD. Every time there's a new president we hear that president owns IQD. There's no proof out there anywhere. I made that challenge many time for people to show me any proof that any president or any individual has invested in the IQD specifically. It's just a rumor that's been going around. That's all it is.
    4 points
  13. Hopefully this is a 2 stage process is what I'm thinking. Almost at the finish line. Some years ago members said they're gonna miss coming here when the RV happens. They must enjoy pain because I'm not!
    4 points
  14. I believe the deepstate will throw him in jail too. Guess what, it's another trap and you have no clue. I wouldn't be surprised if they fake his assassination either... you will catch up eventually, I promise you.
    4 points
  15. 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... So, take everything with a grain of salt ... RON Kaperoni ...No need for any lower denominations at the current time... Deepwoodz The parallel market rate is an illegal, “black market” rate. This is the rate they have been trying to get rid of and we all know how they can easily get rid of it, and that’s by adding value to their national currency. A value that is much higher than the dollars they have used for 20 years. I believe the way they are doing this is kind of like building all the financial infrastructure FIRST, that when all else is done, will be able to support the worlds most valuable currency rate. They are doing it right. Not just flipping a switch. That very last part of the cake, is the icing. The best for last.
    4 points
  16. I can't help but to believe this may not be an accident. This gives the hardliner Islamist's the opportunity to seize more power.
    4 points
  17. The women in Iran went from mini skirts and gogo boots to burkas in a short period of time after the cruel and crazy macho ethics set in to their country. This was driven by fear of reprisals not only for themselves but for their families as well . What low life bullies these clowns are , but divine justice always prevails.
    3 points
  18. MegaMillion #'s for 5/21 51 55 56 58 65 MB 08 So the clerk got confused and we ended up with an extra # for PowerBall PowerBall #'s for 5/21 TexasGranny 16 26 40 44 65 PB 17 Jetman 13 14 59 61 62 PB 11 babycakes61 15 23 42 43 62 PB 08 Extra Set 12 14 17 18 60 PB 24
    3 points
  19. "Wolverine It’s near guys. I’m not going to say time or day, but I know we are going to have a beautiful, beautiful month." Which month?..this one almost over with.😆
    3 points
  20. The Council of Ministers votes on the federal general budget schedules EconomyBreakingCouncil Of MinistersFederal Budget 2024-05-19 // 06:21 Shafaq News / On Sunday, the Iraqi Council of Ministers voted in an extraordinary session on the federal general budget schedules for 2024. A brief statement from Al-Sudani’s office received by Shafaq News Agency stated, “The Council of Ministers voted on the schedules of the federal general budget for the year 2024, and referred them to the House of Representatives for approval.” The Iraqi government raised the total amount of the budget law from 199 trillion dinars to 228 trillion dinars in the 2024 budget, according to what a member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, told Shafaq News Agency. Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, had agreed at the end of April with the Prime Minister, Muhammad Shiaa Al-Sudani, on the necessity of completing the schedules of the budget law for the year 2024, and expediting their sending to the House of Representatives for the purpose of discussing and voting on them, due to their connection to the lives of citizens and their focus. On investment spending for new projects. Despite the challenges facing the government in preparing the 2024 budget, efforts are continuing to control spending and increase revenues to achieve financial balance. The focus is on reducing the deficit, which has reached more than 80 trillion dinars. https://shafaq.com/ar/اقتصـاد/مجلس-الوزرا-يصو-ت-على-جداول-الموازنة-العامة-الاتحادية
    3 points
  21. meu Deus! how skinny are they? Starvin Marvin from South Park lol! A 5kg (11lbs) bag of rice lasts me, 1 person, a few days less than a month! And yes I have eaten rice and beans (called arroz e feijao here in Brasil) every day for a month or more many times!
    3 points
  22. The Governor of the Central Bank announces the start of the second phase of the banking sector restructuring plan Economy Yesterday, 18:19 Baghdad - INA Central Bank Governor, Ali Mohsen Al-Alaq, announced today, Sunday, the start of the second phase of the banking sector restructuring plan. The media office of the Central Bank of Iraq said in a statement received by the Iraqi News Agency (INA): “Al-Alaq received a delegation from the World Bank headed by the Regional Director for Equitable Growth, Finance and Institutions for the Middle East and North Africa region, Nader Muhammad,” noting that “during the meeting, strengthening relations was discussed.” The bilateral relationship between the Central Bank of Iraq and the World Bank, especially the restructuring of government banks, the launch of the Riyada Bank project and its economic and social importance, and the two parties also discussed the experiences of neighboring countries in confronting climate change and its impact on the national and regional economy.” He added, "The meeting discussed small and medium enterprises and their support by the Central Bank, and the development of the financial and banking sector, non-banking financial institutions, financial markets and the insurance sector, as well as benefiting from the World Bank's experiences in digital transformation, financial inclusion, and digital banks," noting that "the governor reviewed during the meeting , The Central Bank of Iraq’s plan to restructure the banking sector,” noting that “this bank has completed the first phase of the plan, and has begun the second phase.” Al-Alaq stated - according to the statement - that “the Board of Directors of the Central Bank licensed the Green Bank, which will be the nucleus of renewable energy and sustainable financing initiatives,” revealing “the Central Bank of Iraq’s intention to license a number of digital banks.” https://www.ina.iq/209159--.html
    3 points
  23. Don’t forget your meds also. Sam’s sells insulin with no script needed as well as the syringes. You can only buy 4 bottles of fast and long acting at a time though.
    3 points
  24. Damn right, that election was stolen and deep down you know it. And don't use the excuse that no court including the SC wouldn't take the case. Their sorry ass, feeble excuse was that the parties that brought the suits didn't have "standing", which meant they were not "personally" harm by the crime they sued for. No the WHOLE DAMN NATION was harmed, (look at the last 4 years) but they didn't have the marbles to do what was right for the nation, instead they allowed the last for years of a mentally ill shite show, run by a MORON to reign on this country, and how's that working out??
    3 points
  25. I see progress. Central banks continues moving forward restructuring the banking system. Go CBI Go Banking system Go stronger dinar
    3 points
  26. im sure during that time currency change will occur all prices in country need to be adjusted ..... taking my rose colored guru glasses off and crushing under foot ... not to be taken seriously ....we wait
    3 points
  27. @steveh12 Want me to list more accomplishments? Best president in u.s history!
    3 points
  28. Trump has never had any alcohol. Trump has never used drugs. Trump never took a paycheck while president. Trump left the Whitehouse with less money than he started with. Trump hasn't been convicted of any crimes because he hasn't committed any. Trump left a billionaires lifestyle to "save" America from the deepstate. Trump put himself and his loved ones in jeopardy by going against the corrupt system. Trump continues to be treated horribly and he continues to fight for us (including you). Trump lowered our taxes Trump started securing our borders Trump did everything he promised us while campaigning, including draining the swamp which is actively taking place now. Trumps gained 7 million new jobs – more than three times government experts’ projections. Trumps Middle-Class family income increased nearly $6,000 – more than five times the gains during the entire previous administration. Trumps unemployment rate reached 3.5 percent, the lowest in a half-century. More Americans reported being employed than ever before – nearly 160 million. Trumps Jobless claims hit a nearly 50-year low. Trumps number of people claiming unemployment insurance as a share of the population hit its lowest on record. Trump - Incomes rose in every single metro area in the United States for the first time in nearly 3 decades. Trumps Unemployment rates for African Americans, Hispanic Americans, Asian Americans, Native Americans, veterans, individuals with disabilities, and those without a high school diploma all reached record lows. Trumps Unemployment for women hit its lowest rate in nearly 70 years. Trump Lifted nearly 7 million people off of food stamps. Trumps Income inequality fell for two straight years, and by the largest amount in over a decade. Trump- The bottom 50 percent of American households saw a 40 percent increase in net worth. Trump Brought jobs, factories, and industries back to the USA. Trump Created more than 1.2 million manufacturing and construction jobs. Put in place policies to bring back supply chains from overseas. Small business optimism broke a 35-year old record in 2018. ‐---------- I could add 3X more... JAYGO, What did Trump do that makes you despise him so much? I imagine most of things I listed above plus a hundred more accomplishments he did benefitted you and your family. MOST LIKELY YOU'RE STILL BELIEVING THE FAKE NEWS...
    3 points
  29. Official working hours in Iraq will be suspended for 9 days next month - urgent Sweeteners |Yesterday, 16:01 | Baghdad today - Baghdad Baghdad Today publishes a schedule of official holidays for next June, where a holiday is expected to be announced for 9 consecutive days. As shown below: Friday, June 14: Weekly holiday. Saturday, June 15: Weekly holiday. Sunday, June 16: Day of Arafat. Monday, June 17: Eid al-Adha. Tuesday, June 18: Eid al-Adha. Wednesday, June 19: Eid al-Adha. Thursday, June 20: Eid al-Adha. Friday, June 21: Weekly holiday. Saturday, June 22: Weekly holiday. https://baghdadtoday.news/249719-تعطيل-الدوام-الرسمي-في-العراق-لمدة-9-أيام-الشهر-المقبل-عاجل.html
    2 points
  30. Omgoodness I wish were near, need house repairs n this would help mightily. Wolverine made me laugh as well as the rest of the cronies - even a broken clock is right twice a day 🙂🙃 Here's to hopium, before end of May, need better windows n back door. 😁
    2 points
  31. Wolverine It’s near guys. I’m not going to say time or day, but I know we are going to have a beautiful, beautiful month. Wolverine concurs with MarkZ , Bruce The Goose & F26...We won't get out of May without the RV. How can we lose with this mighty powerful intel?
    2 points
  32. Here's some articles of GCR interests... -Global trade is set to double in 2024. -Currency wars Begins. -Visa goes digital. -US banks goes to real time payment system. Treat as rumors. Not verified. Your opine. Goldilocks: Global Trade Growth Is Set To Double In 2024. Here’s Why. ARTICLE: “The OECD’s Lombardelli expects China & East Asia to be the main drivers of global growth, as reported by the Financial Times. While, based on exports alone, the WTO sees Africa growing faster than any other region this year – up 5.3%, if from a low base. North America (3.6%), the Middle East (3.5%) & Asia (3.4%) should all see moderate export growth, while it expects European exports to trail other regions at just 1.7%.” Do you see these numbers? These numbers are the result of digitizing the shipping ports & the supporting services that keep them running. Look closely at the numbers again & you will see that these numbers are reflective of rising export calculations in trade growth. This is a result of rerouting many of our trade routes these last 4 years allowing new demands to increase in the products that go across our waters. These new demands on goods are in the category of exports. Exports create demands on the now local currencies being traded around the world. These new currency demands will increase the value of them going forward. This is why the WTO has been working on percentage changes earlier this year. The new percentage changes are expected to come out in the 2nd half of this year. These new percentages will help them to determine credit valuation adjustments for countries regarding their new exchange rate values. Goldilocks: Currency Wars Begins. ARTICLE: “Russian Court Seizes Assets Worth €700mn From UniCredit, Deutsche Bank & Commerzbank. The war over currency dominance has begun. © Goldilocks Goldilocks: Visa Reveals Digital Products To Be Launched Over The Year Catering To Evolving Consumer Demands. ARTICLE: “Consumer payment preferences are constantly evolving, meaning firms need to adapt to cater to these needs. At the Visa Payments Forum in San Francisco, Visa has unveiled new products which will address the evolving consumer payments demands.” Don’t be surprised if you don’t see multi-currency payment services in the new debit & credit cards we hold. The world is expanding our options & even, our options in payment opportunities. The ability to pay in American Dollars or other currencies is rapidly approaching with the use of multi-currency accounts. Some may choose to pay with digital coins & others may choose to pay with their gold accounts. There is a new world ahead of us & the ability to make informed decisions based on what we have been learning about the new digital economy will help us in walking into it and through it. Goldilocks: Banking Announcement: “US-based Commerce Bank has officially gone live with FedNow on Temenos Payments Hub delivered as Temenos SaaS, enabling real-time payments on the secure, scalable, and continuously updated platform.” The Fintech Times If you have been following this room for the last 4 years, you will realize that many of the above options mentioned are already taking place. © Goldilocks
    2 points
  33. So the clerk got confused and we ended up with an extra # for PowerBall PowerBall #'s for 5/20 TexasGranny 16 26 40 44 65 PB 17 Jetman 13 14 59 61 62 PB 11 babycakes61 15 23 42 43 62 PB 08 Extra Set 12 14 17 18 60 PB 24
    2 points
  34. PB 5/20/24 11-24-35-62-63 PB 26
    2 points
  35. An unruly policy or a necessary need? .. Floating the currency between economic benefit and disadvantages money and business Economy News - Baghdad The stability of the Iraqi dinar has always faced major challenges in recent years, as it has witnessed price fluctuations, not to mention a gap between what the central bank determines and what is sold in the parallel market. In order to avoid the “volatility” syndrome and the “gap” in the price of the Iraqi dinar against foreign currencies, some experts believe that the solution lies in a kind of “surgical” operation for the country’s monetary system that may be painful, but it achieves long-term monetary stability for the national currency through... "float". The cash selling price, according to the Central Bank, is 1,305 dinars per dollar, while the price for transfers abroad is 1,310 dinars per dollar, and the price in the parallel market is about 1,450 dinars per dollar in mid-May, according to local media, while it reached levels of 1,600 dinars per dollar in previous periods. For months, the Iraqi authorities have imposed restrictions in their efforts to control exchange rates, restricting all commercial transactions within the country to the Iraqi dinar, and established a new mechanism that subjects external transfers to greater scrutiny. Iraqi economic analysts who spoke to Al-Hurra website, some of them warned against taking a decision that would lead to floating the dinar, while some of them believe that a moderate policy could be taken that suits the Iraqi economy, based on “floating” and “stabilization” at the same time. Is the flotation policy compatible with the Iraqi economy? Advisor to the Prime Minister for Financial Affairs, Mazhar Salih, believes that floating the currency price does not suit the Iraqi economy, especially since it is a "rentier economy, dominated by foreign currency reserves." He explains in statements to the “Al-Hurra” website that “the economic vision that wants to float the Iraqi dinar to end the gap between the official price and the parallel price may be possible in an economy in which the free market alone influences the movement of the balance of payments, and not in an economy in which the rentier government sector is dominant and generates reserves.” Foreign currency". He added, "The monetary authority in Iraq alone is the main source of supply of foreign currency that meets the desired demand for foreign exchange in the local market." Saleh believes that the demands for flotation inevitably mean “adopting the prevailing exchange rate in the parallel market, in order to achieve the goal of stability and balance in the official exchange rate itself at a new exchange point that the market will reach at the end of the assumed flotation policy and return to stability again.” The flotation scenario also means “the withdrawal of the monetary authority as the main central offerer of foreign currency, and its replacement by new forces of free market makers, which certainly have only a weak, limited supply of foreign exchange,” according to Saleh. He points out that these forces carry “an uncontrolled package of inflationary expectations, and are called in the economic literature (the forces generating inflationary expectations), which will give dominance to the supply forces of speculators” who own limited amounts of foreign exchange, matched by “an open demand for foreign currency from Market side" exceeds what is offered by "at least more than ten times in our estimate." Chancellor Saleh described this policy as “unruly,” as as long as “the central government supply of foreign currency will be absent from the market, we will not obtain any equilibrium point in the exchange rate that flotation seeks except with a widespread deterioration of the exchange rate as long as it is carried out by forces generating inflationary expectations in a severe rentier economy.” "unilateralism." He warns that if the exchange rate moves in “a market that is incomplete, in terms of productivity, in its compensation for the required supply of goods and services,” no one “will know how much the new exchange rate resulting from the flotation will be,” which will be accompanied by “a prior wave of inflationary expectations,” the trends of which are difficult to control. , which may push monetary policy makers to “intervene with excessive foreign reserves and unjustified extravagance in foreign exchange to impose a state of stability.” According to the World Bank, Iraq has 145 billion barrels of proven oil reserves, which are among the largest crude oil reserves in the world. But Iraq hopes that the country's oil reserves will exceed 160 billion barrels, according to what the Minister of Oil, Hayyan Abdul Ghani, recently announced. What if the Iraqi dinar was floated? The claims that have appeared every now and then for years calling for floating the exchange rate of the Iraqi dinar are “strange,” and most of them are made by people who are “not specialized in economics or monetary policy,” according to what Professor of International Economic Relations, Abdul Rahman al-Mashhadani, confirms to the Al-Hurra website. He asserts in a decisive tone, "Iraq cannot proceed with floating the dinar's exchange rate. The evidence for this is all the agreements concluded with the International Monetary Fund since 2004, and the reviews praised the stabilization of the exchange rate by the Central Bank of Iraq." Al-Mashhadani added that there was a study by experts at the World Bank during the past years that recommended “raising the exchange rate,” noting that even then, “these recommendations cannot be taken into account because the World Bank is concerned with what is related to economic development, but following up on the recommendations for monetary policies is taken into account if It was from the International Monetary Fund. In its latest review on Thursday, the International Monetary Fund praised the efforts of the Central Bank of Iraq to tighten monetary policy and strengthen its liquidity management framework. He explains that “the real gap is in the wheel of production in the Iraqi economy, as the majority of goods are imported from abroad, which means that the flotation will cause a spiral in price rates to become significantly high and affect the marginalized classes,” indicating that such a decision cannot be taken “as a matter of politics.” “Cash” only, as we must “consider the burdens it will impose on citizens.” Al-Mashhadani confirms that what has been applied in other Arab countries does not “mean that it can be applied to the Iraqi economy,” suggesting that “the exchange rate will become at the levels of 5,000 dinars to the dollar,” as “the Central Bank has lost control over exchange rates, leaving them to float.” There is a fear that “floating” will cause “social” problems, as “salaries will erode significantly,” which may threaten “new classes to slide into poverty,” while “a class of merchants, politicians, and businessmen will benefit, who will benefit from the state of instability that will result from... This matter". Al-Mashhadani agrees that floating in the end means “that the parallel market will control exchange rates,” but it will not achieve “the desired monetary stability,” as the central bank will then need to “print more local currency to keep up with demand in the markets,” and the government will need to increase salaries and allocations for aid packages. Social. "Float with controls" for full "editing". The Iraqi dinar exchange rate crisis against the dollar continues. Archive The economic expert, Manar Al-Obaidi, recommends following a “currency float” policy, but with controls such that a “managed float policy is used to gradually liberalize the currency until complete liberalization of the exchange rate is reached.” He said in a post on his Facebook account, "Such a policy could be a successful alternative in Iraq by following a managed float policy where the central bank controls the range of volatility and works to gradually increase it until the currency is completely liberalized." Al-Obaidi gave the example of “the managed flotation policy followed by Morocco in 2018,” noting that it was accompanied by the abolition of customs tariffs on basic materials and “supporting funds for vulnerable classes,” stressing that this experience can be used to influence “inflation.” Reasons for the exchange rate “gap”. The Iraqi government advisor, Saleh, attributes the reason and existence of a “gap” in the dinar’s exchange rates against the dollar between the official and parallel markets to “external factors imposed by the compliance platform and auditing administrative restrictions on external transfer movements, which is not related to the deficit in the authority’s monetary reserves,” noting that the reserve Iraq's foreign currency is considered the highest in the country's history, as it touches the levels of import coverage for 16 months, compared to the global standard, which does not exceed three months of import coverage. Financial transfers in dollars through official channels have increased significantly in Iraq, while Iraq continues its reforms of the financial sector in line with international standards, according to a previous report by Agence France-Presse. In late 2022, the Iraqi banking sector adopted the SWIFT electronic transfer system with the aim of providing better control over the use of the dollar, ensuring compliance with US sanctions on Tehran, and also in order to limit the prosperity of the informal economy. The financial standards that were adopted encouraged the emergence of a parallel market for currencies, attracting those seeking to obtain dollars outside official channels. Saleh pointed out that there is a distortion in support for the prices of some commodities “on the part of financial policy, which is support in which the rich and poor mostly enjoy it equally without discrimination, and represents an added, imperceptible real income, which is the product of a financial policy inherited from the consumer welfare state for the rentier resource.” He continued, "It is inconceivable until this moment that 90 percent of Iraq's population is receiving support for food supplies provided by the state as an extension of the economic blockade phase of the 1990s in light of the changing standards of living and lifestyle, the increasing number of affluent people, and the growth of the middle class." In mid-May, the Iraqi authorities announced the purchase of 1.5 million tons of wheat since the beginning of the year. According to the Ministry of Agriculture, Iraq, with a population exceeding 43 million people, needs between 4.5 million and five million tons of wheat annually. The International Monetary Fund said Thursday that Iraq's internal imbalances have been exacerbated by significant fiscal expansion and low oil prices. The Fund added that Iraq needs to gradually correct public financial conditions in Iraq to achieve debt stability in the medium term and rebuild financial reserves. To ensure compliance with US standards regarding money laundering and sanctions on Iran, about 20 Iraqi banks were prevented from making dollar transfers. Last September, the Iraqi government decided that merchants who deal with Iran are forced to turn to the parallel market to obtain currency, given that Tehran is subject to sanctions and “is not allowed to conduct financial transfers,” according to Agence France-Presse. A positive step for the "economy" but!! The Iraqi economic academic, Nabil Al-Marsoumi, believes that the solution to addressing the discrepancy in the currency exchange rate through “free floating of the Iraqi dinar” may have “some economic positives.” He added in an interview with Al-Hurra website that "the economy should not be taken in its abstract aspect, but rather in terms of its relationship to people, especially the poor among them." Al-Marsoumi warns that "the Iraqi dinar may witness a violent collapse and rampant inflation that will cause prices in the Iraqi market to rise to record levels that will harm citizens, especially the low-income classes." He explains that Iraq lacks "a national private sector that could contribute to increasing the supply of dollars in the local market, and because of the large volume of imports, which reach 67 billion dollars annually, the government is the only party that owns the dollar." He notes that "if the government decides not to intervene in the exchange market, we are expected to witness consequences that will cause severe damage to citizens' living standards, making the poor even more miserable, and may lead to social tensions and a major rift in the social peace." For his part, the economic expert Al-Obaidi defined the primary goal of liberalizing the currency as “creating an economy capable of withstanding various economic shocks, and reducing reliance on reserves that are greatly depleted in order to maintain a fixed exchange rate, which could stop once the reserves run out.” . He added that this also "contributes to supporting the domestic product and changing the consumption pattern, and thus reducing the import bill for Iraq, which rises annually as an indirect reason as a result of the attempt to maintain a fixed exchange rate." Not to mention, “continuing to try to maintain a fixed exchange rate depletes reserves,” which will lead at a certain stage, “accompanied by a decrease in reserves, followed by either a complete liberalization of the currency or a significant reduction in the price rate, which will have major repercussions on the citizen, and will cause great confusion in "A market that already suffers from a lack of economic stability." What is the alternative to floating the currency? The Iraqi economic expert, Mahmoud Dagher, confirms to Al-Hurra website that the solution for Iraq may be a system “between floating and stabilization” to help stabilize currency exchange rates. The expert, Dagher, a former official at the Central Bank of Iraq, explains that “the origin of the exchange system is floating, which is what free countries adopt.” He explains that "the continuity of the gap requires reaching a middle system that solves the problem between free floating and stabilization. This is a system that many developing countries follow, and it helps solve the problems of currency fluctuation." Financial expert Saleh proposes alternatives to floating, in a way that serves the objectives of monetary policy and limits inflationary risks, through the use of financial tools such as “taxes and customs duties that act as an intermediary to influence the exchange rate to achieve balance and price stability.” He added, "Instead of resorting to lowering the exchange rate to harmonize the market through flotation, it would be through amending customs tariff schedules and imposing careful, thoughtful controls to protect the national economy." Saleh called for correcting the defect in the structure of the Iraqi economy as a whole, as it is not possible to continue with “high operating spending in annual public budgets, which has always generated cash income from rentier sources that are matched only by very limited productivity of commodity and service flows, which has made the country It relies mainly on large-scale imported consumer goods.” Counselor Saleh revealed, on Thursday, that the loans provided by the International Monetary Fund to Iraq since 2003 totaled no more than $8 billion, confirming that they were fully repaid, according to a report published by the “INA” agency. Last March, the International Monetary Fund stressed “the Iraqi economy’s need for broad structural measures to enhance private sector development and economic diversification, and to raise growth rates in the non-oil sector in a sustainable manner to accommodate the rapidly increasing workforce, and to increase non-oil exports and government revenues, in addition to Reducing the economy's exposure to oil price shocks. He called for "accelerating the pace of reforms in the financial sector to improve access to financing, by modernizing the banking sector and supporting the ability of banks to establish banking relationships with other banks, and taking steps aimed at merging small-sized private banks," not to mention the need "to restructure the two largest government banks." ". The Governor of the Central Bank, Ali Al-Alaq, announced in statements in early May that “the banking sector is witnessing major qualitative developments, while calling for cooperation and coordination between Arab central banks, banks and non-banking financial institutions to achieve stability and economic growth,” according to the “ Inaa ” agency. He continued, "Central banks face new challenges in the interaction between financial and monetary stability, in light of the dominance of general financial policy and the necessity of central banks to facilitate excessive government debts, according to financial control, which requires reducing spending or increasing domestic revenues, or both." Iraq has begun to recover relatively after years of wars, occupation, and sectarian violence that followed the US-led invasion in 2003, according to an Agence France-Presse report. 229 views Added 05/19/2024 - 12:09 PM https://economy-news.net/content.php?id=43544
    2 points
  36. Mrs Dash, like Old Bay, makes foods more palatable. (Better tasting) me I am good with equal amounts Redmans salt, black pepper, granulated garlic and onion, half amount of paprika.
    2 points
  37. PB 05/22/2024 02-07-09-44-58 PB 13 🙏🤑🤞
    2 points
  38. These who died had Mom's and Dads......Brothers & Sisters....Families and kids... Things happen....don't read too much I to it.... Family structures all over the world are much alike....pray for those families who lost loved ones! CL
    2 points
  39. Whole plant? Which parts?
    2 points
  40. Whoa, @screwball, I think that's a bit harsh (and against forum rules). We put the information out there, but they don't have to do the research. We need to disagree respectfully.
    2 points
  41. Throw some dried stinging nettle on it like Mrs Dash and you have every nutrient the body needs.
    2 points
  42. 2 points
  43. Indeed they will caddieman and he didn't need to hand over the docs, as Prez they were his to classify and declassify and we know they weren't sensitive, because they fyi had a guy disclose they put top secret and secret covers on stuff that was not ALL in an effort to get Trump. And you seem to be ok with that!!
    2 points
  44. Maliki & CBI Gov Alaq are Iran agents & are Iran installed. Maliki is protected just like OBiden is protected. IMHO.
    2 points
  45. Al-Sudani chairs an extraordinary session of the Council to discuss the 2024 budget schedules. These are its details Time: 05/19/2024 18:21:39 Read: 1,664 times {Politics: Al-Furat News} Today, Sunday, Prime Minister Muhammad Shiaa Al-Sudani chaired an extraordinary session of the Council of Ministers devoted to discussing the federal general budget schedules for state ministries and institutions, for the year 2024, within the requirements of the Federal General Budget Law No. 13 of 2023, for the years 2023, 2024. , 2025. A useful summary of important news can be found on the Al-Furat News channel on Telegram. To subscribe, click here According to the government statement, {Al-Furat News} received a copy of it, saying: “The session witnessed the approval of schedules (A, B, C, D, E, F) and the planned deficit schedule for the year 2024, based on Article (77/Second) of the Budget Law.” Federal General No. (13) of 2023, for the years (2023-2024-2025), and referring it to the House of Representatives.” He added, "The session also included approval to re-announce the investment opportunity to implement the Baghdad Metro project, and the Holy Najaf-Karbala train, for an additional month, to ensure obtaining offers from other companies and entering the competition with the only offer." The Council agreed - according to the government statement - to exclude the company executing the project to design and implement the Tajiyat Stadium (60,000 spectators), and the project to construct the fence and gates of the Tajiyat Sports City, from submitting a letter of guarantee for the good implementation of the project, according to what was stated in the letter of the Ministry of Youth and Sports, dated 19 May 2024. https://alforatnews.iq/news/السوداني-يترأس-جلسة-استثنائية-للمجلس-لمناقشة-جداول-موازنة-2024-هذه-تفاصيلها
    2 points
  46. A Couple of Videos worth watching by a legitimate investor, The Economic Ninja: Apr 24, 2024 May 16, 2024
    2 points


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