Iraq Can't Find Any Money To Borrow To Pay It's Employees.

[Luigi1]

Luigi found these articles of Dinarian interests...

The EU, US & China are in no position to loan Iraq any more money due to the CV.

Iraq must improvise, find it's own way to meet the needs to pay it's employees.

There are enough reserves to pay the employees this month...next month may be a problem.

Treat as rumors. Not varafied. Your opine.

 

 

Samson: Brent is below $ 26 a barrel...expected to drop even more.

The price of a barrel of "Brent" fell during trading on Friday, to below the level of $ 26, unlike the US crude, which rose slightly

By 10:25 Moscow time, the Brent mix was trading at $ 25.98 a barrel, a decrease of 1.4% from the previous session’s close.

 

Samson: The government MAY resort to borrowing and printing currency to provide salaries...

The Follow-up Cell in the Prime Minister's Office revealed today, Friday, that the government will be able to distribute the salaries of the current month of March, while it will resort to some solutions to ensure the provision of salaries next month.

The head of the government follow-up cell, Mustafa Sanad, said in a radio statement followed by Mawazine News, that "Iraq's monthly income from oil is currently estimated at one billion dollars only (after the price of a barrel drops to 18 dollars)."
Sanad said, "The salaries of employees amount to 3 and a half billion per month, which may push Iraq to borrow or to print the currency as a last option," as the state of the state will be affected starting from next month. LINK

[Luigi1]

Here's other articles related to the above...

 

 

3-28-2020   Intel Guru Delta   ...I might be wrong but my opinion is that come April the Central Bank of Iraq is gonna make the move...remember if they are going to increase the value...they want to be sure they paid salaries before they do anything.  They are moving very fast to pay those salaries...I've never seen the CBI rushing the citizens...to [give] a due date, 'You have by Tuesday to go get your money.'  It never happened before...I do believe after they pay all the salaries the Central Bank of Iraq has to move forward and raise the value...they have only one month.  Next month and then it's a disaster for Iraq.  They have to come up ASAP...

 

 

 

3-28-2020   Newshound Guru Pimpy   ...these people are in such an economical financial crunch they need to increase the rate.  They need the increase very soon before they can't recoup.  They need to do this so they can start buying the things they need to get the country kick-started and rebuilding...99% of us feel like for some reason this coronavirus is just a distraction...

Edited March 28, 2020 by Luigi1

[screwball]

April that’s a big all....LOL

[DinarThug]

11 hours ago, Luigi1 said:

3-28-2020   Newshound Guru Pimpy   ...they need to get the country kick-started...

Weegie - Guru Pimpy Needs To Get Kick Started Into The Stratosphere !  

 

But If U Want To - U Can Be The ‘Holder’ ...

 

     

[umbertino]

15 hours ago, screwball said:

April that’s a big all....LOL

 

 

Esp the 1st......