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Dretown39
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Posts posted by Dretown39
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Is a rate change really needed in order to distribute salaries?? I mean here in the U.S. we have inflation & I'm still getting paid regardless. Just wondering 🤔
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36 minutes ago, Longtimelurker said:
Thank you
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@Longtimelurker @NWGUY I don't think this is from BETTYBOOP. I think this is a post from Mnt Goat.
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1 minute ago, 6ly410 said:
U bored ? u did say this morning no rate change this year? So what are u doing?
😆😆😆😆
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The citizens will not hold out until 2026 for financial relief. They will tear that place off if Sudani don't come thru with the "hold onto your dinars because they are stronger than the dollar" promise.
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Not buying it! Commercial transactions in Dinar only starting this month. Sudani said hold on to your dinars because it's stronger than the dollar. The citizens will tear that place to pieces if this goes to 2026! 2024 supposed to be the year of prosperity!
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Breitling Question: “These articles that keeps coming out where starting January 1st commercial transaction will only be in dinar – How significant is that? To me it sounds significant.” Yeah, that’s a big deal. It is. It’s a super big deal because at a minimum it’s the beginning of the end for them raising the value of their currency. It will be the beginning of it for sure.
🙏🙏 I want to retire my mother!
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13 minutes ago, 6ly410 said:
what is ur opinion on this?
I'm actually confused. If the rest of the funds of the '23 budget is meant to start the funding of the major projects etc..I thought a substantial rate increase is needed. If not then I'm wondering if a rate change is needed. Then again the recent article on the exchange rate linked to the budget. Well at least the Dinar only in all commercial transactions still let's me know the blessing is right on the corner.
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12 minutes ago, 6ly410 said:
Government Advisor Announces Entry into Force of 2024 Budget
- Time : 2024/01/01 17:27:58
- Government Consultant Announces Entry into Force of 2024 Budget - Al-Furat News (alforatnews.iq)
{Economic: Al-Furat News} The economic and financial adviser to Prime Minister Mazhar Muhammad Saleh announced today, Monday, the entry into force of the 2024 budget.Saleh said {to Al-Furat News} that: "The federal general budget issued under Law No. 13 of 2023 is a tripartite budget, meaning it was legislated for three years, and therefore the entry of the new fiscal year 2024 has been from today automatically."
He explained that "this is by adopting the federal general budget for the year 2024 and that the spending rule 12/1 does not currently exist under the Financial Management Law No. 6 of 2019, which is amended, until the beginning of the year 2026 if the financial situation requires at the time to implement it."
Saleh added that "this rule, i.e. spending 12/1, also depends on the timing of the 2026 budget legislation."ok 4 dollar it is !
This is the article @Betty Boop. Thanks @6ly410. If this has entered into force then what happened to spending the rest of the '23 budget??
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9 minutes ago, horsesoldier said:
Trying to nail down the goings on in Iraq is like trying to catch a greased pig 🐖🐷 !!!!
or a flying pig...
😆😆😆
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35 minutes ago, BETTYBOOP said:
What article??
I'm trying to find it..MM posted. He doesn't post nonsense.
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1 hour ago, Dretown39 said:
Cheers 2u too!
Ok an article was just released saying that the 2024 budget has entered into force. If that's true then I would think they must have spent money for the 2023 budget..hmmm🤔 Well we're gonna see of that means anything positive for us!
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4 minutes ago, 6ly410 said:
I take a break after Jan 3 - IF and that is big IF the rate did not change - they can’t wait much longer… budget spending .. needs a new rate we all know that… no more dollars… inventory tomorrow…… iraq needs to go global with the IQD asap. Cheers bro 👍👊
Cheers 2u too!
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36 minutes ago, 6ly410 said:
Jan 2 or Jan 3 we should see the RI anything else I don’t understand lol
I believe we should see it this 1st quarter. If it don't happen this week it's still all good. Don't exhaust yourself..take a break & relax yourself👍👊
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13 minutes ago, Laid Back said:
Strengthening financial systems means cooperating to promote principles and sound practices for financial stability through development of well functioning financial systems and market discipline.
Strengthening the currency also Strengthens the financial system.
We wait.!
Go Stronger Dinar
Got it..that's what I figured but wasn't 100% sure. Thanks!
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31 minutes ago, ronscarpa said:
Wednesday: Disbursement of pensioners’ salaries
2024-01-01 // 03:54Shafaq News / An official source said it was likely that the payment of salaries for retired employees would be launched next Wednesday.
The source told Shafaq News Agency that the odds indicate that the salaries of retirees will be paid on Wednesday as a result of the closure of all banks tomorrow, Tuesday, due to the annual inventory, in addition to completing the strengthening of financial financing allocated to retirees.
@Laid Back I thought they received a loan advance for salaries but maybe that was for the past few previous months? Anyhow the statement of "completing the strengthening of financial financing allocated to retirees." This sounds good to me. Whats your thoughts?
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I don't agree with floating from 1310. I feel they will come out with a rate more valuable than the dollar & manage from there. We will soon find out.
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- Popular Post
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3 minutes ago, 6ly410 said:ok
Whether this happens on Jan 1st or not keep your positive energy. Stop responding & ignore these constant negative posts from these individuals on here!
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I guess I'm the only one that's not worrying about taxes because I already know I'm gon have to pay them.
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2 minutes ago, Laid Back said:
"Everyone will be forced to deposit money in the government's balance, which is similar to compulsory savings within central banks”
I can give an idea in how to force people to deposit money in the government balance.
- Revalue the dinar
- Call in higher denomination notes
- Everyone will be forced to deposit their money
- Roll out Lower Denomination notes
“The main problem lies in the lack of a culture of savings and citizens withdrawing all money from outlets because this is a recent experience and the government needs to encourage citizens through other future measures.”
Lets see what other measures the government is going to use to encourage citizens to trust the banking system an open a bank account.!
Go Stronger Dinar
Go Purchasing Power
Facts!! CBI I got things to do!..so COME ON! Or as my uncle would say..Huurrr Up!😆
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15 minutes ago, keylime said:
The impetus for the RV is not as much International trading. It is more, as you said, going strictly Dinar inside Iraq. The undo burden on the citizenry if they do not RV would be heinous. Forcing them to use worthless money without buying power would cause a violent revolt. I definitely don't think Parliament wants that nor the CBI for that matter.
That's part of the reason I don't see this going to 2025 or later. Those citizens who qualify for social security, those who work for a company, those citizens that owns a company. Operating strictly with a currency that's a 1/10 of a penny after being told to hold your currency because it's valuable..whew! Yeah go ahead & put these folks in a position where they'll feel like they don't have nothing to lose..u begging for chaos!
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37 minutes ago, Laid Back said:
“One of the requirements for any country to respect its sovereignty is that there should not be two currencies within the economy,”
In January 2024 the dinar is going to start gaining sovereignty.
“The exchange rate will be fixed, especially since it has been fixed in the federal budget law for three years 2023, 2024, 2025”
Don't be surprised or disappointed if we have until after 2025
That's gon something to see if they wait until another 2yrs. All this work & campaigning about their currency & then to hold off like that. Especially planning on taxing the dinar too. I dont see how but we're soon getting ready to find out.
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We know for a FACT that it is the U.S. through the Treasury Dept. direction that will NOT give sign-off to allow the reinstatement. Why?
This statement is so off the mark! The U.S. didn't make Iraq devalue their currency & will not stop them by not signing off for them adding value! Goat had stated that over & over that is false info. The U.S. is in full support for them to move forward. I'm pretty sure the powers that be are ready to turn in their dinar too to get their millions!
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Folks I'll say this & nothing else afterwards on this topic..don't count this as a loss if January 1st comes & goes with no rate change. With all the info that's come out on what Iraq has accomplished & then you have reputable individuals like Breitling who (by the way teaches this stuff) say this will be the beginning of them adding value, you should feel good. I feel 2024 is the year & I do not see this going to 2025 at all! I'm cautiously optimistic right now & definitely feel we are getting off this ride next year. Have a good night!
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Parliamentary Finance: Passing the 2024 budget will be easy
in Iraq & Dinar Related News
Posted · Edited by Dretown39
Well don't know about the rest of yall. At this point I'm going to skip over budget passing articles. I read my last budget article in June 2023. Worn out with these types of articles. Not being negative.