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The Central Bank Of Iraq Supports The Ministry Of Finance With 8 Trillion Dinars, And Provides Salaries For Three Months !


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5 hours ago, NEPatriotsFan1 said:

 

I could use some Liquidity in the next 24hrs! I got a bunch of friends that I got into the Dinar over the years.... over to the house tomorrow! It would be nice to party with them and tell them I told you so.... as I jump off the Diving Board Practically Naked for a Victory Lap! 

45F1E221-283F-4243-A2D7-641C3D9F6105.png

I especially like "your" pretty little anklet! 😳

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7 hours ago, NEPatriotsFan1 said:

 

I could use some Liquidity in the next 24hrs! I got a bunch of friends that I got into the Dinar over the years.... over to the house tomorrow! It would be nice to party with them and tell them I told you so.... as I jump off the Diving Board Practically Naked for a Victory Lap! 

45F1E221-283F-4243-A2D7-641C3D9F6105.png

I’m sorry, I had to wash my eyes with Clorox! :wacko:

image.gif.5a59afbebebacbc1b3894df6fe95e545.gif

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10 hours ago, DinarThug said:

 
:o     :flagsmiley: 

 

:D  :D  :D 
 

 

 

This will go down as one of the most important speeches ever. It is one for the ages, it sums up so much of what is going on, what we are trying to do, to fight an evil sick elite at the heart of the system, that is trying to destroy America. Black Lives Matter and Antifa are "useful idiots" of the elites, who have brainwashed them by buying up the universities, putting in Marxists and post-modernists in charge of educating our children. They are trying to put a tiny elite in charge of all power. They are evil and sick. You must fight them. Stand with President Trump. Fight the evil within our culture. We must kill the terrible beast, the Democrat Party. Pick up your sword and fight. God help us all, if we don't win.

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44 minutes ago, justchecking123 said:

You working late? 


Luckily The CNN ‘News Desk’ Is At A Location Equipped With Bar Stools Containing 3 Point Seat Belts - And An ‘All Night’ Happy Hour ! :cheesehead:
 

 

Along With Those Of U Perhaps Drinking ‘Remotely’ This Holiday Weekend ...

 

:D  :D  :D 

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14 hours ago, Rochester said:

This will go down as one of the most important speeches ever. It is one for the ages, it sums up so much of what is going on, what we are trying to do, to fight an evil sick elite at the heart of the system, that is trying to destroy America. Black Lives Matter and Antifa are "useful idiots" of the elites, who have brainwashed them by buying up the universities, putting in Marxists and post-modernists in charge of educating our children. They are trying to put a tiny elite in charge of all power. They are evil and sick. You must fight them. Stand with President Trump. Fight the evil within our culture. We must kill the terrible beast, the Democrat Party. Pick up your sword and fight. God help us all, if we don't win.


From Last Night At Mt Rushmore ...  :flagsmiley:

 

(Hit Play Twice And U Don’t Need The App - Then Click The ‘Tap To Unmute Button’ At The Bottom Left)

 

:D  :D  :D 
 

 

 

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The Iraqi Institute for Economic Reform contracts with experts
 
Saturday 04 July 2020

alsabaah-39209.jpg

Baghdad / Al-Sabah
 
 
The Iraqi Institute for Economic Reform seeks to contract with experts who can supplement the Institute's sessions with proposals, by submitting a policy paper and by two papers in session.

A statement of the institute conveyed that this step comes in line with the principle of societal partnership in formulating economic reforms in cooperation with (CIPE) to organize three electronic dialogue sessions, in order to issue reform packages that address the challenges faced by the national economy.

The statement pointed out that the three sessions will stand at three important joints in the national economy,
as the first focuses on rationalizing public spending, addressing slack career and reforming the salary scale and the role of the private sector in that,
while the second joint stands when working on developing the private sector and providing the necessary financial liquidity
The third chapter deals with maximizing public revenues through tax and customs channels.

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Disclosure of 4 "legal" methods used by parties to steal money and public property

126433.jpg?watermark=4

 

Policy 04/20/2020 20:12 1471    

Baghdad today _ Baghdad  

 

Today, Saturday, legal expert Abdul Sattar Ramadan revealed 4 ways that he said that there are Iraqi parties that have used them to seize money and public property, while referring to the legal article that is held accountable for those crimes.

Abdul Sattar Ramadan said, in a televised interview, followed by (Baghdad Today), that "the seizure of political parties and parties over state property was because they imposed themselves as stronger powers than the state," noting that "the principle of quotas applied since 2003 allowed every political party to take over On a group of ministries. "

Ramadan added, "The parties seized the money and public properties in 4 legal and fraudulent ways,
the first of which was to sell them through fake auctions, the value of each place or property is estimated at half of its value, with the installment payment process over a period of 15-20 years." 
He continued,
"The second method was carried out through the Musataha contracts for a period of more than twenty years and up to fifty years according to the provisions of the Civil Law, while the third method was implemented by investing in some sectors or setting up mock projects whose money goes after the escape of investors for various reasons," noting that
"the fourth method It was through forgery by creating official documents and making changes to real estate registration records with names, influential parties and parties, and the matter is active in Baghdad and cities liberated from ISIS. "

The legal expert emphasized that "facing these violations is done through the application of the laws in force, Article 197 of the Iraqi Penal Code stipulates the death penalty for those who sabotage or seize public money, and also the anti-terrorism law is punishable by destroying or harming public money."

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Documents .. Sudanese demands the cabinet to stop the currency auction

image.php?token=0ac7017343eb7960f3d640d258be5918&c=8736013&size=
 

4th July, 2020
 


image.php?token=1450915e872c8db8f2ec4a682e0c467c&size=xxlarge                image.php?token=5a20234e0fc079773faaa38936cc4fd8&size=xxlarge

 

Translation.....
 

To the office of the Prime Minister - It would stop the currency bleeding in light of the suffocating financial crisis that the country is going through, by stopping the sale window and then preparing instructions according to the following proposals:

All importers should submit lists of purchasing imported goods to the General Authority of Customs and Taxes for the purpose of pre-customs and tax accounting before transferring funds and notify the Central Bank of accounting according to a letter accompanying the amount of goods from customs and taxes - the beneficiary pledges in writing that it is the final revenue of the state. Upon verification (۱ and ۲) above, the Central Bank of Iraq assigns the amount of the invoice. : - A copy shall be provided to the Border Ports Authority for the purpose of ascertaining the type of the goods according to the bill and accounting, and otherwise the goods shall be dealt with according to the law and fall under the item of smuggling and stealing state funds The importer to issue an insurance policy from the Iraqi private and governmental companies specifically on the goods to be imported.
 
Transferring funds of local industry supplies and raw materials through the Industrial Bank on the basis of calculating the price of 1200 to one dollar and enjoying the customs and tax exemption by law.  Notice the border ports after the transfer for a period not exceeding three working days and its opposite is calculated according to the law to ensure that the goods are taken out without extortion from the border port on the pretext that the papers do not arrive with the use of express mail with the transfer and accounting notice from the central bank.  Kindly see what you think is right and let us know and thank you very much.
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21 hours ago, DinarThug said:

Lebanese banks apply to the Central Bank to settle their
branches in Iraq

irq_1892203291&max_width=300

 

2nd July, 2020


The bank of Francebank and the Lebanese Accreditation submitted to the Central Bank to liquidate their branches in Iraq. 

The Lebanese newspaper, An-Nahar, reported that, in light of the economic conditions in Iraq, the 10 Lebanese banks in Iraq decided to re-evaluate the future of their existence, and a number of them found that there is no benefit in remaining in the Iraqi market. 

In this context, the newspaper said that the banks of "Fransabank" and "Lebanese Credit" applied to the Central Bank of Iraq to liquidate their branches in Iraq. In the details, the Banking Supervision Department informed the Commercial Banks Control Section in the Central Bank of Iraq of the decision of the two boards of directors of the Fransabank Bank and the Lebanese Credit Bank, which was taken on June 21 to liquidate and close the branches of these two banks in Iraq. On 28 of it the response came from the Central Bank of Iraq in two books, "An-Nahar" obtained a copy of them, addressed to the two banks' departments.

 

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The documents .. The bankruptcy of Fransabank and the Lebanese credit in Iraq are closed

The documents .. The bankruptcy of Fransabank and the Lebanese credit in Iraq are closed
 

4th July, 2020
 

The Central Bank of Iraq issued orders to close the Fransabank bank and the Lebanese credit in Iraq.
 
According to the documents issued by the Central Bank and directed to the Lebanese Credit Bank and the French / regional director, {Al Furat News} obtained a copy of it that “approval has been obtained to close and liquidate your branches in Iraq fundamentally, provided that all their obligations towards depositors, customers and employees are fulfilled.” Lebanese press sources said that the decision taken by the Central Bank of Iraq to suspend the operations of the branches of private banks in the Kurdistan region within a week includes 10 Lebanese banks.

According to the Lebanese newspaper Al-Jumhuriya, the decision of the Central Bank of Iraq includes the banks of Fransabank, Bank Audi, Bank of Lebanon and Overseas, Byblos Bank, the Mediterranean Bank, the Lebanese Credit Bank, the Bank of Beirut and the Arab Countries, the Intercontinental Bank, the Bank of the Middle East and Africa and the Lebanese French Bank. The newspaper added that the Lebanese banking units in Iraq, specifically in the province of Kurdistan, especially Erbil is the most prevalent number and activity among banks.

2d0f72a91ab0c22b465c9261af898d67.jpg                    54542969c936ea0358beddabee102b58.jpg
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Al-Jawahiri: Oil prices may reach $ 55 at the end of this year

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08:30 - 04/07/2020

 

The oil expert, Hamza Al-Jawahiri, suggested, on Saturday, that oil prices reach 55 dollars per barrel at the end of the current year, indicating that Iraq will depend on oil prices as soon as they rise.

Al-Jawahiri said in a statement to "information" that "the price of oil increased gradually after the last agreement and may reach the end of the year to 55 dollars."

He added, "Opening the factories and removing the restrictions in the aftermath of the Corona crisis will guarantee a remarkable increase in demand, not about raising prices."

He explained that "immediately after the return of world prices to rise, Iraq returns to its rentier policy of relying on oil and neglecting any development plan in other projects to pay salaries only."

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After the "partial" release of salaries: What about the employees of other ministries ... and what will happen to the coming months?


2020-07-04
 
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Yassin Iraq: Baghdad
 

Employees of a large number of ministries, headed by Ministry of Health staff, are waiting for their salaries to be released after the salaries of employees have been delayed for several days for unknown reasons, as well as for other conflicting reasons between officials, before the salaries of some ministries are released pending the release of salaries of other ministries.

The Parliamentary Finance Committee considered that the justification of the reason for the delay in the salaries of employees by converting the currency is incorrect, indicating that liquidity is available with the Central Bank and has transferred the required amounts to the main banks and must release salaries.

Committee member Muhammad Sahib al-Daraji said in press statements, “There is no validity in salary delays due to delayed currency conversion. The central bank makes the daily transfer, and the borrowing law that covers salaries includes internal borrowing. For major banks. ”

Darraji said that "there will be no problem during the next three months because of the presence of internal borrowing, and then we look at oil prices and the reform plan that the Finance Minister promised to present."

He continued, "The internal borrowing of 15 trillion dinars also depends on the price of oil and the country's income from this sector, where we need a monthly 7 trillion dinars to be paid from the oil sums and complete the shortfall through borrowing."

So far, the salaries of employees have been disbursed to the ministries of finance, oil, industry, minerals, labor, social affairs, the Baghdad Municipality and the Hajj and Umrah Commission, while other ministries and agencies are awaiting the release of their employees ’salaries within the next 24 hours.

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Maximize resources


Saturday 04 July 2020

Thamer Al-Heims 

 

Maximization of resources has become an irreplaceable matter, and it needs a unique practical will, as it - meaning maximization - is a general qualitative shift.


Also, society does not ignore values and does not suffer from chaos and confusion, but it suffers from the betrayal of its members by the Covenant and their failure to fulfill ethics obligations .

The launch of the slogan of maximizing non-oil resources in the Ministry of Oil's house by the Prime Minister announces that there is a quality transfer that will take place. Perhaps early in this shift was the lifting of the cover practically from the multi-salaries as he called them the government spokesman, meaning that they did not absorb the double word 

This process will supply the budget in its darkest conditions and we now hear a movement towards the border outlets to save more than ten billion dollars that used to go to the paths of corruption with this amount. We will provide a quarter of the salaries annually after inhale it.

There is no doubt that the second line after the ports will reach the foreign exchange as supplied daily by the currency market, as it will shrink after closing the informal ports and operating the electronic performance as a guarantor condition, with a fee previously deducted from the import license, random import will shrink and the flow of the currency market will be strengthened, strengthening the dinar.

Here, random market forces move lamentably over scarce materials such as dates, grapes, vegetables, poultry, eggs or fish and milk, and on Chinese cornstarchs and luxury items such as sweets of all kinds.

This procedure, if practically taken without compliments, ensures the real economy grows by cultivating it and making it economically feasible, which is the industrial sector, with its three public, private and mixed wings. If we tighten our outlets, it is not only security, but electronic.

Which maximizes non-oil resources is the oil industry and is quickly available as the licensing process was made available, especially since the oil industry is now not at its best globally we have to use advertising to establish refineries that cover what we need and export, to save three billion on importing oil derivatives 
right Now. 

As for agriculture, it is the most fortunate in the greatness after the palm of its historical enemy, which is the indiscriminate and destructive import of agricultural and animal production, followed by the management of the private and public sector, which are known conditions. 

And qualifications. The current circumstance is the most appropriate time in terms of repayment of the development goal.

LINK

 

Edited by DinarThug
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New Cities Project ... economic benefits beyond housing


Thursday 02 July 2020
 

alsabaah-39150.jpg

Baghdad / Farah Al-Khaffaf

 
The government is going in several ways that bring it together to develop the economy, services and infrastructure. After preparing the economic reform paper, the compass is heading to implement giant projects.
Despite the financial hardship, proper planning, reliance on investment and public-private partnership are solutions that enable the achievement of what some consider impossible, including the achievement of new cities.

The Prime Minister, Mustafa Al-Kazemi, had met with the members of the committee formed according to Cabinet Resolution (341), which is concerned with the project of establishing new cities.

Al-Kazimi stressed the necessity that "the aim of the project is to find exemplary cities, that the infrastructure is available, and that the rest of the services are provided from schools and gardens in an optimal way."
 
The two sectors partnership
Real estate specialist Saad Al-Zaidan told Al-Sabah that the benefit of this project goes beyond the housing issue.
He explained that "such projects, which are similar to those implemented by Egypt, the Emirates and Kuwait, can employ tens of thousands of unemployed people and contribute to reviving the national construction industries, as well as their contribution to finding stable job opportunities, because such projects will witness the opening of hundreds of schools, universities, shopping centers, and other needs Citizens. "
Al-Zaidan suggested to the government that these projects be implemented through a partnership between the public and private sectors, as the government can provide the appropriate lands, and the private sector (investment companies) work on implementing the projects, and the cost is lower for citizens and with high quality or in the form of comfortable monthly installments .
 
Correct planning
Al-Zaidan indicated that there is a proposal or other way that the government can go to implement such projects that can be summed up by investing money in government banks such as Al-Rafidain, Al-Rasheed and the Iraqi Bank for Trade, and implement these projects, so they will be implemented and profitable with the citizen who will find new cities with advanced services and at reasonable prices.
The Prime Minister had pointed to the negative results left by the methods of work in reaction, rather than tight planning and the development of long-term strategies, and follow future plans, indicating that the correct and early planning is enough to put development in the country on the right track.
He also noted that the phenomenon of slums was a direct result of the ill-considered distribution of lands and projects, and this is unacceptable, and has led to results that still represent an obstacle to development and planned housing projects. 
 
Conditional investment
Baghdad governorate recently revealed the completion of the screening of lands for the construction of new residential cities, sufficient to construct more than 160,000 fully serviced housing units.
The Director of Urban Planning in Baghdad Governorate, the chief engineer of the oldest Fatima Al-Hasnawi said in a statement to "Al-Sabah": that these cities will be distributed in terms of areas horizontally and vertically and include housing complexes, either distributed within the government program or conditional investment at subsidized prices, stressing that the most important goal is to create sites For all segments and not to distinguish between one segment and another, as well as its importance lies in reducing the momentum from Baghdad and eliminating slums, in addition to the existence of a proposal to establish an administrative city or a nearby airport or transfer some ministries to it to be within the direction of establishing a new city or a mini-capital with job opportunities for all Slides.

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7 hours ago, DinarThug said:

New Cities Project ... economic benefits beyond housing


Thursday 02 July 2020

 

LINK

Baghdad: allocating 200 acres in Nahrawan to implement industrial projects

Baghdad: allocating 200 acres in Nahrawan to implement industrial projects
 
 
7/4/2020 09:16:32
 
Baghdad governorate confirmed, Saturday, the provision of a 200-donum area of land in the city of Nahrawan, dedicated to the implementation of industrial projects.

 

The director of Baghdad Municipalities affiliated to the governorate, Yasser Al-Quraishi, said that "the province, as part of its efforts to launch a youth employment project in Baghdad, has provided a 200-donum area of land in the city of Nahrawan to implement industrial projects by the youth."

He added, "The allocation of land for industrial activities in this city is important to be an extension of the industrial city located there," noting that "the governorate seeks to allocate another piece of land for agricultural activities within the project, but the existence of the problem of abuses on the lands and the inability of the Municipalities Directorate to lay its hand On any land without settling the matter with the land owners, whether they are individuals or ministries, as they are demanding sums of money as compensation, which costs the province huge sums in the midst of the current financial crisis.

Al-Quraishi stressed, "The governorate seeks to solve all problems facing this project in order to launch it in a timely manner."
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9 hours ago, DinarThug said:

Documents .. Sudanese demands the cabinet to stop the currency auction

image.php?token=0ac7017343eb7960f3d640d258be5918&c=8736013&size=
 

4th July, 2020
 


image.php?token=1450915e872c8db8f2ec4a682e0c467c&size=xxlarge                image.php?token=5a20234e0fc079773faaa38936cc4fd8&size=xxlarge

 

Translation.....
 

To the office of the Prime Minister - It would stop the currency bleeding in light of the suffocating financial crisis that the country is going through, by stopping the sale window and then preparing instructions according to the following proposals:

All importers should submit lists of purchasing imported goods to the General Authority of Customs and Taxes for the purpose of pre-customs and tax accounting before transferring funds and notify the Central Bank of accounting according to a letter accompanying the amount of goods from customs and taxes - the beneficiary pledges in writing that it is the final revenue of the state. Upon verification (۱ and ۲) above, the Central Bank of Iraq assigns the amount of the invoice. : - A copy shall be provided to the Border Ports Authority for the purpose of ascertaining the type of the goods according to the bill and accounting, and otherwise the goods shall be dealt with according to the law and fall under the item of smuggling and stealing state funds The importer to issue an insurance policy from the Iraqi private and governmental companies specifically on the goods to be imported.
 
Transferring funds of local industry supplies and raw materials through the Industrial Bank on the basis of calculating the price of 1200 to one dollar and enjoying the customs and tax exemption by law.  Notice the border ports after the transfer for a period not exceeding three working days and its opposite is calculated according to the law to ensure that the goods are taken out without extortion from the border port on the pretext that the papers do not arrive with the use of express mail with the transfer and accounting notice from the central bank.  Kindly see what you think is right and let us know and thank you very much.

 

Al-Sudani reviews economic solutions to the financial crisis


Sunday 05 July 2020
 

alsabaah-39328.jpg

Baghdad / Al-Sabah

 
Independent MP Mohamed Shaya Al-Sudani called on the government to take a number of urgent measures to enable it to fulfill its obligations to employees, retirees and social welfare, as well as address the ration card and crisis cell benefits in relation to confronting the Corona virus.

Al-Sudani stressed that "the important part of the economic reforms is to collect customs tariff fees and protect the product, while controlling the window of currency sales in the central bank," asking about the destination of these funds, and what imports could come to Iraq amid the economic downturn that the region is going through?

He pointed out the importance of "the existence of tax and customs deductions before the exchange of the dollar, to ensure obtaining the right of the state, it is not possible to sell the dollar without revenues to the state treasury and without withholding fees and taxes."
 
Import and production
Al-Sudani pointed out that "there is another economic perspective, which is that we have confirmed the inability of the agricultural and industrial private sector to advance in light of the import of imports, with the absence of full control over the ports, the non-application of standards for standardization and quality control of incoming goods and leniency in the collection of taxes and fees on them." That "the prices of imported goods and products will crowd out the national product and all this requires reform steps to maximize revenue."
Al-Sudani noted the need to "pay attention to the returns of derivatives and extracted crude oil, which will provide large amounts of money, and in light of the current financial conditions, these funds, which amount to 8 trillion dinars, must be invested by setting 10% of the cost of extraction and $ 8 for liquidation and up to 5% for distribution, can be provided from Without raising the price of fuel for the citizen. "
He explained that "revenues are available and were not directed to the citizen, and it can provide quick revenues in addition to reducing the salaries of the three presidencies from ministers and representatives and special degrees and stopping the disbursement of allocations granted outside the laws."
 
Corporate debt
Al-Sudani continued, “There are judicial orders against mobile phone companies to pay about one trillion dinars, and these measures are supposed to be implemented to collect these funds in a way that increases the state’s treasury imports,” noting that there is “a required procedure which is to control the financial balances of the state’s departments and not release any amount except in accordance with Recent directions of the government regarding the rationalization of spending. "
Al-Sudani warned of the need to adopt "effective and real steps on encouraging the agricultural and industrial sectors by placing the import curriculum at the table of government producers from companies of the Ministry of Industry as well as private and mixed sector companies and identifying the goods that can be produced so that the government can issue a decision to prevent their import, as well as review the agricultural calendar including It guarantees the preservation of local agricultural products, avoids the damage of farmers, closes the ports and controls them completely. " 
 
Central loans
Al-Sudani stressed "the importance of activating the steps of the Central Bank in granting loans to agricultural, industrial and residential banks, as well as lending to young people looking for work, while loosening the terms of the loans and defining them with the project guarantee."
He believed that "internal borrowing will secure the salaries of employees. As for the external determined at five billion dollars, it should be invested to complete development projects, including projects for investing burned gas and developing the Basra gas project with the company (Shell), which contributes to providing what the power stations need instead of buying Iranian gas in amounts It exhausts the budget, which provides other imports for the budget, and there are projects related to petrochemicals and fertilizers that can generate huge funds on the state treasury, as well as its benefits to society by pushing the wheel of economic development. Stressing that "directing loans to these projects will put the reform process in the proper direction . "

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14 minutes ago, screwball said:

Hopefully I will part of building these buestiful cities 


Oh - Please Do Tell ! :o 

 

 

As If Anybody Would Have To Encourage Such A Shy ‘Introvert’ Like U...

 

:D  :D  :D 

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2 hours ago, DinarThug said:


Oh - Please Do Tell ! :o 

 

 

As If Anybody Would Have To Encourage Such A Shy ‘Introvert’ Like U...

 

:D  :D  :D 

Well I haven’t been buying shares and compounding reinvesting to buy a house mate! It’s calked property development and if all goes well I might very well have that penthouse overlooking Basra! It’s the future of investment getting in on the ground floor. It’s amazing how you have brief encounters with people during the dinar journey and they can change and introduce you to a whole level of investing. It’s why I have my own brokerage account and company so I can position myself for the new Iraq. For me it was always about building a property portfolio and property development and my brokerage account and share portfolio and relationship with my banks are a big part of it. Buffet and Sorros all became billionaires after they turned 50 so having hit that milestone I have positioned myself nicely.

Edited by screwball
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