screwball Posted March 25, 2020 Report Share Posted March 25, 2020 Corona may revitalize the Iraqi economy .. Baghdad is on the cusp of exemptions from foreign debt payments 2020-03-24 [/size] Yassin Iraq: Baghdad World Bank Group President David Malpas said on Monday that the bank may harness up to $ 150 billion in resources over the next 15 months to help developing countries fight and recover from the Corona virus pandemic, while calling on G20 leaders to allow the poorest to suspend all debt payments . In a statement to the finance ministers and central bankers of the Group of Twenty countries issued by the World Bank, Malpas called the creditor countries in the group to allow the poorest countries to suspend all bilateral debt payments while fighting the virus. He said the poorest countries should be allowed to focus their resources on health measures in the face of the crisis. "I call on the leaders of the Group of Twenty to allow the poorest countries to suspend all official bilateral debt payments, until the World Bank and the International Monetary Fund have completed a comprehensive assessment of their needs for reconstruction and financing," he said in the statement. Malbas said that the bank is currently preparing projects in 49 countries to help fight the virus under a new fast-track credit facility, and decisions are expected this week on up to 16 projects. He explained that the bank is consulting with China and other major countries to obtain assistance for the rapid industrialization and delivery of many of the medical supplies that countries need. Iraq debt A parliamentary committee in the Iraqi parliament revealed, at the end of last year, the foreign debts of Iraq, noting that it had reached the stage of the threat to the economic future. Member of the Parliamentary Finance Committee, Ahmad al-Jubouri, told the official Al-Sabah newspaper that “the committee had previously suspended debt, especially foreign, in the 2019 budget, at a time when there is an obligation to continue debt as it was present during the war against ISIS gangs in the governorates of Nineveh, Anbar and Salah al-Din.” He pointed out that "debts, especially foreign affairs, amounted to 125 billion dollars." He warned that "its survival portends a danger to the economic future of Iraq," noting that "there are 20 paragraphs of debt that will be in the 2020 budget." The International Monetary Fund said, last year, that Iraq’s debts worsened during the past years, where they were 6 years ago 73.1 billion dollars, and rose in 2014 to 75.2 billion dollars, and in 2015 they became 98.0 billion dollars, while two years ago it was 114.6 billion dollars, to rise In the year 2017 to $ 122.9 billion. https://yesiraq.com/%d9%83%d9%88%d8%b1%d9%88%d9%86%d8%a7-%d9%82%d8%af-%d9%8a%d9%8f%d9%86%d9%91%d8%b4%d8%b7-%d8%a7%d9%84%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af-%d8%a7%d9%84%d8%b9%d8%b1%d8%a7%d9%82%d9%8a-%d8%a8%d8%ba%d8%af/ 2 4 Quote Link to comment Share on other sites More sharing options...
screwball Posted March 25, 2020 Author Report Share Posted March 25, 2020 To me this spells global currency reset and rv! 3 2 4 1 Quote Link to comment Share on other sites More sharing options...
gregp Posted March 25, 2020 Report Share Posted March 25, 2020 (edited) 1 hour ago, screwball said: To me this spells global currency reset and rv! Yes it does my friend. Just found my dong. I think this could be a real game changer. Their production is competing with China. Compared to China’s currency, the dong is way undervalued. Left my glasses at work so I can’t see while typing. 😂 Edited March 25, 2020 by gregp 3 4 Quote Link to comment Share on other sites More sharing options...
Freedomwish Posted March 25, 2020 Report Share Posted March 25, 2020 1 hour ago, screwball said: To me this spells global currency reset and rv! 3 1 2 Quote Link to comment Share on other sites More sharing options...
GregHi Posted March 25, 2020 Report Share Posted March 25, 2020 55 minutes ago, gregp said: Yes it does my friend. Just found my dong. I think this could be a real game changer. Their production is competing with China. Compared to China’s currency, the dong is way undervalued. Left my glasses at work so I can’t see while typing. 😂 So glad I’m not the only one with that problem.. 😂 5 Quote Link to comment Share on other sites More sharing options...
Engine1 Posted March 25, 2020 Report Share Posted March 25, 2020 (edited) 3 hours ago, gregp said: Yes it does my friend. Just found my dong. I think this could be a real game changer. Their production is competing with China. Compared to China’s currency, the dong is way undervalued. Left my glasses at work so I can’t see while typing. 😂 I knew where my dong was the whole time, just had to pull it out. Got my dong in one hand and my dinar in the other ready to go cash in. Edited March 25, 2020 by Engine1 1 14 1 Quote Link to comment Share on other sites More sharing options...
Tubbs Posted March 28, 2020 Report Share Posted March 28, 2020 I’m holding on ...to my Dong 1 3 Quote Link to comment Share on other sites More sharing options...
psdon Posted March 28, 2020 Report Share Posted March 28, 2020 (edited) COW Dong ?not me🤣LoL Edited March 28, 2020 by psdon 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted March 28, 2020 Author Report Share Posted March 28, 2020 On 3/26/2020 at 12:30 AM, Engine1 said: I knew where my dong was the whole time, just had to pull it out. Got my dong in one hand and my dinar in the other ready to go cash in. If you got your dong in one hand you got a problem! Lol 2 1 Quote Link to comment Share on other sites More sharing options...
screwball Posted March 28, 2020 Author Report Share Posted March 28, 2020 Dong and Indonesia rupiah for me! 1 Quote Link to comment Share on other sites More sharing options...
gregp Posted March 28, 2020 Report Share Posted March 28, 2020 Bunch of Ding Dongs.... 2 1 Quote Link to comment Share on other sites More sharing options...
haymon Posted March 28, 2020 Report Share Posted March 28, 2020 Bells will be ringin..... 2 Quote Link to comment Share on other sites More sharing options...
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