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Laid Back

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Posts posted by Laid Back

  1. A year ago the dinar was devalued by 22%
     

    “Devaluation was necessary to allow for more gradual fiscal adjustment and thus avoid major disruptions to key public services .By encouraging domestic consumption to move away from imports, the devaluation of the dinar also helped protect the CBI's foreign exchange reserves and gave Iraqi producers an opportunity to create jobs and income through better competition in the local market .”

     

    “The positive effects of the currency adjustment are beginning to appear”

     

    “The 2022 budget will provide an opportunity to strengthen the social protection network,"


    Social protection consists of policies and programs designed to reduce poverty and vulnerability by promoting efficient labour markets, diminishing people's exposureto risks, and enhancing their capacity to manage economic and social risks, such as unemployment, exclusion, sickness, disability, and old age.

     

    Go budget 2022

    Go increase dinar exchange rate 

    Go purchasing power 

    Go social protection 

     

     

     

     

     


     

     

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  2. 9 minutes ago, DoD said:

    Laid Back, I see and agree with your point but unfortunately we do not have a president or a foreign policy to cover such an assault. 
    Not to make this political but we don’t have a Donald Trump in office any longer….

    Totally agree with you my friend DoD.


    Go Trump 2024 🇺🇸 

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  3. “IRGC Aerospace Force commander General Amir-Ali Hajizadeh.

    General Hajizadeh told the students that Iran does not need to strike targets on American soil, due to the significant U.S. presence in the region surrounding Iran.”

     

    I will tell this guy; just remember what happened to Qasem Soleimani.

     

    Go USA 🇺🇸 

    Go Troops

    Go Freedom

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  4. 50 minutes ago, Floridian said:

     

    Carrello, you understand what Laid Back is saying.  I guess I'm too dumb to get it.

    What kind of price is he talking about for the dinar?

    Floridian, I’m not talking about any particular rate. I’m talking about a future increase in the dinar rate.

    They are putting things in place to do that.

     

    Go CBI

    Go new monetary policy 

    Go increase dinar exchange rate 

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  5. The question you should ask yourself is why $10,000 that is equivalent to 14,600.000 dinars is allowed.. And only 1,000,000 dinars that is equivalent

    to $684 is allowed.

     

    Only few people see this.

     

    Go CBI

    Go new monetary policy 

    Go new exchange rate 

     


     

     

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  6. 15 hours ago, NoviceInvestor said:

    Thank you LB I always appreciate your posts, and my comment is not to detract from your comment but when I read this post my first thoughts were yes, but Iraq has been moving towards a market economy for years.

    I am sure that one day Iraq will be openly competitive and I do hope it will be in my lifetime.. 

    Thanks for your input Noviceinvestor,

    In the past Iraq didn’t have the reform project (White Papers) the roadmap to an open market economy. Since the white papers were implemented we can see progress in all areas…. Just my opinion.!

     

    Go Iraq 

    Go reform project 

    Go development 

    Go economic growth 

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  7. “We rule out taking any action regarding the salary increase process, because the current Minister of Finance is strict,and one of his proposals was to reduce salaries."

     

    “Until now, it is not possible to know the fiscal policy of the new government, but the issue of salary increases is excluded,"

     

    Maybe because they’re planning to increase purchasing power.


    Go CBI  

    Go purchasing power

    Go $1:1

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  8. “Iraq is in recovery and will inevitably live in the next 2022 without financial hardships or financing restrictions, caused by a lack of revenues.”

     

    “This means that, for the first time, there will be a budget that achieves a financial surplus without the need to borrow, and if borrowing is achieved, it does not exceed 3% of the gross domestic product”

     

    Looks like 2022 will be a good year for Iraq, we heard it from WB, IMF and PM financial advisor.

     

    Go Iraq 

    Go reforms

    Go development 

    Go economic growth 

    Go purchasing power 

     

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