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Thief

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  1. Iraq prepared a budget deficits law. For this law to be approved, they need to show how they are going to bridge the gap between their income (revenues) and their spendings. Regardless of whether they are going to RV or not, their 'income' projection would still depends on the number of barrel sold at the prevailing oil prices. If revenues/income are insufficient to fund government spending, they have to borrow. Revaluation only affect the value and the purchasing power of their currency not the income of their country. ๐Ÿ™
  2. " we are not naive to call for "float" .. (so Kaperoni is naive? ๐Ÿ˜ฎ๐Ÿ˜ฏ๐Ÿ˜…) nor "criminals" to demand action in the notorious "shock" method ... Rate 'shocks' is a term used to describe when the value of one currency spikes relative to another in an extremely short period of time (like an RV?) ๐Ÿค”๐Ÿค”๐Ÿคจ๐Ÿ™ƒ nor "traitors" to defend extinction before the "features" of the IMF .. ~ they are not going to defend IMF shortcomings ( in the Fund's advice on exchange rate policy) as this could lead to serious implications or extinction of their own currency. Rather
  3. ~ Radical solutions / ~ he has international supports, paves way for new horizon. ~ alleviate the suffering of the citizen ~ restore Shabibi as Gov. of CBI ๐Ÿ˜Žโค๏ธ
  4. First the political unrest. Then the coronavirus. Followed by an oil price crash. And there u have it~ a complete trifecta of problems on Iraq. We know they have to do something and we know the world is there to help them. But we are getting mix signals from Iraqis so-called 'expert' and MPs on their finances and stability. Most times, it is all doom and gloom, other times ~ full of hope. What we know for sure is that Iraq's state-dominated economy led by the oil sector, which provides approximately 85 - 90 percent of government revenue cannot hold much longe
  5. Everytime they talk about Financial Management Law, I only remember this ~ He added that "the Committee is keen to enact the law of financial administration as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state," pointing out that "the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation In the country". "The Commission is determined to make these changes during the next phase and not to follow the traditional methods are not appropriate at
  6. .... "actions, not words.โ€ Let's not waste any more time Kazemi. Excuses are a time thief ๐Ÿคญ๐Ÿ˜Ž๐Ÿ˜‚
  7. Iraq still need dollars to finance their imports. So something else has to happen together with this 'decision' to stop the auctions ~ a convertible currency๐Ÿ˜Ž.
  8. 6-2-2020 Newshound Guru Kaperoni As for the dinar's value, it is not at a program rate. That is guru's taking a directive from the IMF and misrepresenting that meaning. The dinar exchange rate is it's real rate... The currency is already an internationally-recognized currency they just haven't accepted IMF Article VIII making international banks more willing to want to engage in commerce with it. Time to refresh Kap's memory: ๐Ÿ˜…๐Ÿคญ Press Release: IMF Executive Board Approves US$3.6 Billion Stand-By Arrangement for Iraq February 24, 2010 Iraq: Lett
  9. ๐Ÿ˜๐Ÿ˜…
  10. This will be the starting point when they move their currency to a 'more flexible exchange rate' And they will have 500 billion dollars more to back that up. // Al-Tamimi: Iraq can request assistance to recover $ 500 billion in smuggled money Baghdad / Obelisk: Legal expert Ali al-Tamimi confirmed, on Wednesday, January 29, 2020, that the Administrative and Financial Anti-Corruption Agreement of 2005, which Iraq joined in 2007, allows the country to request assistance in recovering the smuggled money estimated at $ 500 billion /
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