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An Economist Talks About What Controls The Dollar Exchange Rate In Iraq !


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CNN. Broadcasting Off Of The Dollar Menu From A Baghdad McDonald’s - Super Size Me !
 

 

An economist talks about what controls the dollar exchange rate in Iraq
 

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Economie 7/20/2020 19:41 441    

Baghdad today - Baghdad

 

Economist, Humam Al-Shamaa, on Tuesday (28 July 2020), talked about what controls the dollar exchange rate in Iraq and the effect of internal factors on it.

Al-Shamaa said, in an interview with (Baghdad Today), that "the exchange rate of the dollar in local markets has nothing to do with the exchange rate of the dollar in global markets towards other currencies."

He added, "What controls the dollar exchange rate in global markets are expectations, oil prices, gold prices and a relationship with the euro. As for Iraq, the relationship between the dollar and the dinar is controlled by internal factors related to the demand and supply of the dollar." 

And Al-Shamaa said, "The decrease leads to higher prices, inflation and more problems for the poor classes, because the devaluation of the dinar means an increase in the value of commodities."

The price of gold reached record levels yesterday, with a new drop in the price of the dollar in the global market at a time when investors rushed to buy it as a safe haven, amid concern about the tension between the United States and China and the rise in the number of cases of Covid-19 again around the world and the lack of progress in Washington on a new package To stimulate the economy. 

After months of improvement in stock markets, driven by the trillions of dollars of support from governments and central banks, investors are rethinking the long-term economic implications of the emerging corona virus. 

And at a time when the wide easing measures imposed by the Federal Reserve monetary dollar push the dollar against most of the other currencies, gold rises significantly, reaching a record level of $ 1944.71, which is much higher than the previous record level recorded in 2011 and reached $ 1921.18. 

The focus is on the next meeting of the Federal Reserve to discuss its policies this week, as some expect that more measures will be imposed to boost the economy (probably negative interest rates), which is expected to increase pressure on the dollar and raise the price of the gold ingot to more than two thousand dollars. 

There is also concern that recording worse-than-expected results in US gross domestic product for the second quarter of the year will cause major selling to the dollar, and while the weak dollar has been a major driver of the high price of gold, the matter is also driven by the attractiveness of the metal as a haven in times of turmoil, especially in light of the deterioration The relations between the United States and China day after day.

Gavin Wendt, chief resource analyst at MineLife Consulting, said: “Strong gains cannot be avoided at a time when we are entering a stage similar to the atmosphere that prevailed in the aftermath of the global financial crisis as gold prices rose to record levels as a result of large amounts of Federal Reserve funds being pumped into Financial system, "and the dollar fell again against other currencies, while the euro reached its highest level since September 2018.

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I'll take $3:00 in a second and not look back, hell after 10 + years on this roller coaster, $1:00 works for me....... Personally I think, based on the economic numbers, around $1:65 is a realis

LINK Al-Kazemi: We have worked tirelessly to prepare a comprehensive reform paper to revive the Iraqi economy and activate the industrial and agricultural sectors   31st July,

After all of this COVID passes, let's get together and purchase an island far, far away that is self sustaining. I have no desire to live out my " golden years" a slave to concerns.   WH

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A joint committee to develop a comprehensive reform plan

Wednesday, July 29, 2020

alsabaah-40447.jpg

Baghdad / Shaima Rashid
 

According to the Parliamentary Finance Committee, the government has started work on the reform program that it is supposed to present to Parliament, by forming a committee of the three presidencies and all ministries, to form a council to review the entire economic file.

"The government may not present the 2020 budget due to time constraints, and because it is now occupied with two overlapping main files," Finance Committee member Jamal Kouger said in a statement to Al-Sabah. They are the 2021 budget and the reform program file, ”he added,“ to achieve these two steps; The government is in the process of forming a committee of the three authorities' candidates; The executive and the legislative apparatus with the judiciary, to present their views in the interests of the reform and budget paragraphs.

For its part, the Economic Committee indicated that it submitted a reform paper to the Prime Minister to advance the economic reality, and member of the Economic Committee Ali Ghawi told Al-Sabah: “The committee will have a representative in the governmental committee, and we are waiting for it to provide outputs to address the economic crisis, and the parliament in turn is ready To stand with the government to address these matters ». 

He added, “There are many economic problems that the country suffers from, whether on the electricity or health side,” noting the “worrying” statements of economists about not covering salaries for the next period, and it must be followed up as soon as possible, indicating that “the Economic Committee and during its meeting The Prime Minister presented a reform paper to develop solutions to the economic reality of the country, including reforms in the agricultural and industrial aspects, and the setting of immediate remedies aimed at coordinating with the government and assisting it. 

In turn, member of the Economic Committee, Ali Saadoun Al-Lami, expressed his hope that “this committee will provide quick solutions to the economic situation of the country.” Al-Lami told Al-Sabah: “We lack clear economic policy or plans for economic reality, and we hope that this committee will provide what We aspire to it on the economic side. ”

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Rashid Bank announces the completion of the loading of salaries of employees and retirees


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Localities 7/20/2020 22:46 828    
Baghdad today - Baghdad 

 

Al-Rasheed Bank announced, on Tuesday, the completion of downloading the salaries of employees and retirees. 

The bank said in a brief statement, that it "has completed loading the salaries of employees of the state departments and retired citizens, their salaries with the bank."

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An Iraqi class awaiting a "government holiday" on the occasion of Eid al-Adha


2020-07-28
 
money.jpg?resize=696%2C364&ssl=1
 

Yassin Iraq: Baghdad

The Minister of Labor, Adel Al-Rikabi, announced today, Tuesday, the launch of a 75,000 dinar holiday for families covered by social benefits.

Al-Rikabi said during a press conference in Baghdad that "the approval of the Council of Ministers has been granted to grant a holiday for those covered by social aid at a value of 75 thousand dinars for each family covered by social aid on the occasion of Eid al-Adha."

He added that the "social assistance database for double salaries and more than 6 thousand beneficiaries of double salaries have been boycotted, their data has been boycotted," adding that "
loans issued by some citizens to relieve their shoulders have been extinguished due to their low salaries."

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The Cabinet Secretariat announces the suspension of official working hours next week


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28th July, 2020
 

The General Secretariat of the Council of Ministers announced the suspension of official working hours in government institutions during the coming week on the occasion of Eid Al-Adha, in conjunction with the rise in temperatures in countries that exceeded the fifty-degree Celsius mark.

The Secretariat of the Council of Ministers said in a statement that "the permanence of the suspension will be in line with the vacation approved by the Supreme Committee for Health and National Safety {Combating the Corona Virus Pandemic], which starts from next Thursday, July 30 and until August 8, 2020."

The Supreme Committee for Health and National Safety decided to impose a comprehensive curfew on the days of Eid Al-Adha, provided that the ban would be reviewed after the Eid holiday, while obliging citizens to follow all preventive measures.

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Al-Rafidayn announces the distribution of the pensioners ’salaries for the month of August

Posted 56 minutes ago
 
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Rafidain Bank announced today, Wednesday, the distribution of the salaries of retired civilians and military personnel for the month of August......

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Al-Rafidayn announces the distribution of the pensioners ’salaries for the month of August

Economie| 08:50 - 7/29/2020

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Edited by DinarThug
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Yo Snap - I Wonder If They Sent They’re Top Canadian Diplomat Davis ! :o 

 

 

And His Diplomatic Thong With A Hooter’s Sash ...

 

:D  :D  :D 

 

 

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Iraq And Canada Sign A Memorandum Of Cooperation For The Securities Commission


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28th July, 2020


The Iraqi Securities Commission announced that it has signed a memorandum of cooperation with the Iraqi Canadian Chamber of Commerce and Industry, with the aim of strengthening cooperation between the two institutions in the areas of technical support services, training program and information exchange.

In a statement he received (Al-Mustaqbalah), the head of the commission, Alaa Abdul Hussein Al-Saadi, said: “This agreement works to facilitate joint cooperation between the authority and the Iraqi Canadian Chamber of Commerce and Industry to intensify work through training programs for Iraqi cadres on best practices in the field of financial markets for Developing financial markets and financial services in particular, in a way that reflects positively on the work environment in the financial markets in Iraq.

Al-Saadi pointed out that “the commission completed the issuance of its report for the second semester of the year 2020 on the movement of trades and financial indicators in the Iraq Stock Exchange, as trading in this chapter was greatly affected by the consequences of the Krone pandemic, which led to reduced trading sessions, and despite that, the volume of trading for this chapter It has exceeded 17 billion dinars for the regular and secondary markets, with a number of shares amounting to about 35 million shares, where the telecommunications and banking sectors led these trades.

It is worth noting that the Securities Commission possesses many future plans and procedures that it intends to take during the coming period, once the Authority’s council is formed and a new law is issued that would increase these trades and increase the attractiveness of financial markets in Iraq in a way that leads to its development or the creation of new financial markets such as a commodity market in Iraq, which will be reflected in the overall Iraqi economy, which possesses many undiscovered constituents and reservoirs that constitute promising investment opportunities in the future. 

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DinarThug     92,657

DinarThug

CNN. Broadcasting Off Of The Dollar Menu From A Baghdad McDonald’s - Super Size Me !

 

▪︎▪︎▪︎▪︎▪︎▪︎▪︎▪︎▪︎▪︎

 

Looks to me you're already "super sized"!!!! 

And what's that old saying, big shoes, big...

                                 nuggets???

Colorful_Vinyl_Clown_Shoes_grande.png.ec3d891b0bdceed968eaa540360e0414.png

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 I would imagine that Iraq is similar to Mexico , where in smaller towns at least there are no addresses or post offices . This may mean that pensioners and salaried folks would receive their payments electronically . 

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7 hours ago, DinarThug said:

A joint committee to develop a comprehensive reform plan

Wednesday, July 29, 2020

alsabaah-40447.jpg

Baghdad / Shaima Rashid
 

According to the Parliamentary Finance Committee, the government has started work on the reform program that it is supposed to present to Parliament, by forming a committee of the three presidencies and all ministries, to form a council to review the entire economic file.

"The government may not present the 2020 budget due to time constraints, and because it is now occupied with two overlapping main files," Finance Committee member Jamal Kouger said in a statement to Al-Sabah. They are the 2021 budget and the reform program file, ”he added,“ to achieve these two steps; The government is in the process of forming a committee of the three authorities' candidates; The executive and the legislative apparatus with the judiciary, to present their views in the interests of the reform and budget paragraphs.

For its part, the Economic Committee indicated that it submitted a reform paper to the Prime Minister to advance the economic reality, and member of the Economic Committee Ali Ghawi told Al-Sabah: “The committee will have a representative in the governmental committee, and we are waiting for it to provide outputs to address the economic crisis, and the parliament in turn is ready To stand with the government to address these matters ». 

He added, “There are many economic problems that the country suffers from, whether on the electricity or health side,” noting the “worrying” statements of economists about not covering salaries for the next period, and it must be followed up as soon as possible, indicating that “the Economic Committee and during its meeting The Prime Minister presented a reform paper to develop solutions to the economic reality of the country, including reforms in the agricultural and industrial aspects, and the setting of immediate remedies aimed at coordinating with the government and assisting it. 

In turn, member of the Economic Committee, Ali Saadoun Al-Lami, expressed his hope that “this committee will provide quick solutions to the economic situation of the country.” Al-Lami told Al-Sabah: “We lack clear economic policy or plans for economic reality, and we hope that this committee will provide what We aspire to it on the economic side. ”

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Great,  another committee :facepalm:

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The Minister of Labor announces the launch of the meal (28) of soft loans

2020-07-29 | 11:01
The Minister of Labor announces the launch of the meal (28) of soft loans
 
 
 

On Wednesday, Minister of Labor Adel al-Rikabi announced the launch of the meal (28) of soft loans.

Al-Rikabi said in an interview reported by the Iraqi News Agency, that "the 28th meal of soft loans has been launched for (5) thousand job seekers."
 
The Ministry of Labor announces the launch of soft loans to job seekers in a period from time to time Baghdad And provinces.
 
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Financial Expert: Advanced Technology Is Necessary To Develop The Banking System


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On 

July 29, 2020
 

(Independent) .. An expert in the financial affairs, Wehbe Al-Khaffaf, stressed the importance of advanced systems in raising the efficiency of the banking system and enabling it to deal with the large numbers required by the Iraqi economy’s driver during the coming period.

Al-Khaffaf said that adopting advanced technology and following up on the latest developments in the global financial sector is necessary to enhance financial products with the new that suits the reality of the family’s situation.

He pointed out that Iraq has a good banking system and is expanding in an organized manner and under the supervision of the Central Bank of Iraq, which directs banks in a direction that serves the sustainable development process required by the development stage.

He pointed out that many banks are continuously looking to enhance their technological capabilities, including the International Islamic Trust Bank, which adopts a plan to develop its systems and what suits global developments and directives of the Central.

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Member of it: Parliamentary finance will start preparing the budget of 2021 soon

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Policy 7/20/2020 12:55 345 Editor: am    
Baghdad today - Baghdad 

 

Member of the Parliamentary Finance Committee, Faisal Al-Issawi, confirmed today, Wednesday (July 29, 2020), that his committee will start preparing the draft of the general federal budget law for the country for the year 2021, indicating that the government has not sent a draft budget for 2020 until now.

Al-Issawi said in an interview with (Baghdad Today), "The Finance Committee and the House of Representatives committed themselves to passing the draft budget bill 2020 in the event it was sent by the government at the date decided by the House of Representatives on June 30," explaining that "the government has not sent the project yet, And time does not help us now to discuss and pass this year's budget. " 

He added, "The Parliamentary Finance Committee will start preparing a draft of the country's general federal budget bill for the year 2021," stressing that "not passing a budget in any year confuses the work of ministries and state institutions."

The delay in approving the budget for the current year has caused many financial and economic problems, especially with the country's economic and health conditions caused by the Corona virus pandemic. 

The Iraqi Ministry of Trade had revealed, on Friday (July 17, 2020), that the ration card items that were to be distributed to citizens were affected. 

The official agency quoted the ministry as saying that "the ration card items were affected by the delay in approving the general budget for 2020." 

She added, "The money disbursement mechanism does not allow the ministry to fulfill its obligations related to contracting with national facilities," noting that "after the approval of the general budget, the ministry aspires to start contracts with national facilities."

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Parliamentary Planning: The 2021 Budget will see some economic changes

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13:20 - 7/29/2020

The Parliamentary Planning and Follow-up Committee affirmed on Wednesday that no fundamental changes occurred in the budget of 2021 to develop the non-oil production sector, indicating that the government has so far been unable to improve the industrial sector.

"What will happen in the next budget is adding some money to the budget by increasing revenue for ports and border ports and taxes, but it will not change much of the reality of dependence on the oil sector," committee member Mohammed Al-Baldawi said in a statement to "Information".

Al-Baldawi added, “The smuggling of goods through the ports contributed to delaying the progress of the agricultural sector significantly and relying on it to increase the local production.”

He added, “The deficit in the budget will be great because of the dependence on oil and its low global prices as well as reducing share to of Iraq in sales amid deficit The government is improving the industrial sector and is the most important in Iraq to reduce dependence on oil. ”
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10 hours ago, hawk-eye-view said:

Looks to me you're already "super sized"!!!! 

And what's that old saying, big shoes, big...

                                 nuggets???


Those ‘McNuggets’ Are What Got Me In Trouble The Last Time ! :o 

image.jpeg.40057fa176cc30ad88a3d91eeba61d64.jpeg
:D  :D  :D 

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11 hours ago, hawk-eye-view said:

DinarThug     92,657

DinarThug

CNN. Broadcasting Off Of The Dollar Menu From A Baghdad McDonald’s - Super Size Me !

 

▪︎▪︎▪︎▪︎▪︎▪︎▪︎▪︎▪︎▪︎

 

Looks to me you're already "super sized"!!!! 

And what's that old saying, big shoes, big...

                                 nuggets???

Colorful_Vinyl_Clown_Shoes_grande.png.ec3d891b0bdceed968eaa540360e0414.png

Ah come on now thugs,  get shoes that fit you and stop trying to trick the ladies 

Thanks for the articles 

 

Edited by Shelley
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17 minutes ago, Shelley said:

Ah come on now thugs,  get shoes that fit you and stop trying to trick the ladies


:o 

 

image.jpeg.f789b36b09e11aa13c54c1988da3fbdb.jpeg

 

:D  :D  :D 

 

 

Wuzzup Shelly ? ;) 

 

:lmao:  :lmao: 

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Parliamentary Finance: The salaries of employees are insured according to the Borrowing Law

%D8%B1%D9%88%D8%A7%D8%AA%D8%A8-696x437.j
 
 
08:50 - 07/30/2020

Parliamentary Finance Committee indicated that the salaries of employees are secured after Parliament voted on the borrowing law, pointing out that the government will not present any budget for the current year as it will suffer from a deficit of up to 60 percent.

Committee member Jamal Ahmed told Al-Maalouma that the government has borrowing orders after the parliament voted to do so, and it can provide employees salaries without delay after what happened in the salaries of last June. He added that "the salaries of employees need $ 5 billion a month, while the current oil prices cannot provide these amounts, which is what called for parliament to pass the borrowing law."

Cougar ruled out that the government will present the budget for the current year, especially that it will suffer from a deficit of up to 60%," noting that "the government is currently busy with the budget of 2021."
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Dollar exchange rates fall in Iraqi markets

 

1596094936595.jpg
Economy

 2020-07-30 02:43
  
Shafq News/ The exchange rate of the dollar fell in the Iraqi markets on Thursday (July 30, 2020).

According to a reporter for The Twilight News agency, the fight stock exchange recorded 123,650 dinars against 100 US dollars.

Al-Harithia exchange recorded 123,700 dinars against 100 US dollars, the reporter said.

On Wednesday, The Struggle Exchange registered 123,900 dinars against 100 US dollars.

Selling prices in local market banking stores:

Selling price 124,000 JD

Purchase price: JD 123,000

 

https://shafaaq.com/ar/اقتصـاد/نخفاض-باسعار-صرف-الدولار-في-الاسواق-العراقية

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On 7/29/2020 at 5:15 PM, DinarThug said:

The decrease leads to higher prices, inflation and more problems for the poor classes, because the devaluation of the dinar means an increase in the value of commodities."

Who would have thought ....MORONS 

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List the dollar exchange rates, currencies, oil and minerals

2020.07.30 - 10:42

Baghdad - people  

On Thursday, economists published a list of dollar exchange rates against foreign currencies, as well as oil and minerals prices.  

Exchange offices' prices:  

Selling price of the dollar: 124,250  

The purchase price of the dollar: 123,250  

  

Foreign international currencies:  

EUR World price: 100 euros = 117,55 dollars  

Sterling world price: 100 pounds = 129.51 dollars  

Turkish Lira World Price: $ 100 = 697,80 Turkish Lira  

  

Minerals:  

The price of an ounce of gold globally = $ 1955.30  

  

The oil  

The price of a barrel of Brent crude oil = $ 43.30  

The price of a barrel of US crude oil = $ 40.90  

 

https://www.nasnews.com/view.php?cat=36644

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Thirty years since Iraqs invasion of Kuwait: "We forgive ... and do not forget."

image.thumb.jpeg.6973a8983b19561c021df85749f03680.jpeg
 

30th June, 2020

Thirty years ago, Saddam Hussein invaded the neighboring state of Kuwait and declared it "the 19th governorate" for Iraq. Today, his opponents, who are in power, have restored relations with the strategic neighbor, but the wounds of the second Gulf War remain for Kuwaitis and Iraqis.

From Baghdad to Basra, and from Kirkuk to Babylon, Iraqis agree that the invasion that began on August 2, 1990 and the occupation of Kuwait that ended on March 6, 1991 with the intervention of an international coalition led by Washington "was the beginning of the end."

Umm Sarah, a retired school from Baghdad, says that "since the invasion of Kuwait, we have seen neither stability nor security," as the list goes on starting from the blockade, through the American invasion, civil war and sectarian violence, until the Islamic State invaded the country.

It all started four days after the Iraqi forces entered Kuwait. At the time, the United Nations declared a blockade, from which Iraqis did not escape until after the Americans invaded the country in 2003 and toppled Saddam Hussein's regime.

And the Iraqi dinar, which was once worth three dollars, was divided into nine thousand.

Jassim Muhammad, a teacher in the city of Kut, south of Baghdad, was equal to "the price of a chicken in the market". Therefore, on some days, "we ate everything in the siege, so that the animal feed we turned into food," according to Yasser al-Saffar, 44, who was a witness to the years of the siege.

War ... live.

"The siege is not the ethics of society, and it was the first step to creating financial and administrative corruption in the country," which Muhammad ranks today in the list of the most corrupt countries in the world.

Hisham Mohamed lived through the low class level of his father, who was one of the major importers of construction equipment.

Muhammad al-Baghdadi, fiftieth, says, "After entering Iraq in a severe siege, the currency collapsed, and the importation stopped completely, my father lost his business and all the money he had in cash, approximately one hundred thousand dinars, which was equivalent to three million dollars, and suddenly became worthless."

Other classes of society flourished at the time, namely the "find in existence" or "manage yourself" layer, and they were those who knew how to renew a perforated tire, or convert turbines without spare parts, and who reused the gas lamps with no electricity, or used worn clothes For hundreds of times. As for the army, it lost everything, and in full view of the cameras of the whole world that was accompanying the "Desert Storm", the first of the wars transmitted directly on the air.

Sarmad Al-Bayati, who was an officer in that era, saw soldiers returning to Iraq on foot! Upon their return, "they were engaged in small businesses while on vacation to make ends meet."

As Iraq plunged into recession, Kuwait prospered. But many families still inherit their dead and missing, and former prisoners still talk of torture. Also, last summer, bodies found in mass graves in southern Iraq were returned to Kuwait.

The Ahmed Qabazard family, one of the faces of the "Kuwaiti resistance" who was tortured and executed, turned the house, which was partially destroyed by the Iraqis, into a small museum of the horrors of the occupation.

Despite rebuilding the house today, his seven-year-old daughter, Shurooq, said at the time: "I cannot say that I am reconciled with myself in my feelings with the Iraqi people, but this is not their fault. We discovered after years that the Iraqis were suffering from repression and suffered from the tyrant Saddam. Hussain".

Ghaida Al-Amir also felt "joy" when the fall of Saddam Hussein's regime in 2003. 20 years ago that day, her sister was hanged "by an electric cord after the Iraqi forces took her (...) because of her joining the Kuwaiti resistance."

- Debt outstanding -

Kuwait recorded all the destruction, killings, torture, and imprisonment, determined its losses, and the United Nations submitted the bill to Iraq.

During thirty years, Baghdad paid 51 billion dollars, and Iraq, which is experiencing the worst economic crisis in its history today, remains in debt of about four billion dollars.

It took 20 years to repair relations between the two countries. The United Nations did not lift the sanctions imposed in 1990 until 2010, that is, seven years after the fall of Saddam Hussein. Nevertheless, border disputes remain, as Iraq recognizes the land borders established by the United Nations in 1993, but considers that its maritime borders prevent it from reaching the Gulf, which is vital for its economy. Therefore, the Kuwaiti Navy regularly arrests Iraqi fishermen.

As for the missing, they are still in the thousands on both sides. According to the International Committee of the Red Cross, only 215 Kuwaitis and 85 Iraqis have been returned.

But in the bigger picture, relations between the two countries improved dramatically. In 2018, Kuwait hosted a donors' conference to rebuild Iraq, and was the first to contribute $ 2 billion. But Shorook Qabazard notes that "I cannot forget the invasion." "The invasion is the most important stage for my generation (...) We can tolerate and reconcile, but we cannot forget what happened," she added.

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20 hours ago, DinarThug said:


:o 

 

image.jpeg.f789b36b09e11aa13c54c1988da3fbdb.jpeg

 

:D  :D  :D 

 

 

Wuzzup Shelly ? ;) 

 

:lmao:  :lmao: 

Same as everyone else that are living In HOTSPOTS ... South Florida numbers up up up !!!! Hopefully we kick this virus in the Arse soon and get back to a little more normalcy .

can you believe after all these years we’re still reading this Arabish BS ... LOL

Hope all is well with you and yours 

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Today's Forecast for Scottsdale, AZ 
 

1 hour ago, Shelley said:

Hope all is well with you and yours


Thanks Shelley - All’s Good Other Than The ‘Excessive Heat Warning’ Here In The Phoenix Area ! :o 
 

 

I’ve Still Been Getting Out And Doing Plenty Of Mountain Biking This Week Though ! :blink: 

 


Although, In The Words Of Forrest Gump - “ I’m Not A Smart Man “ ! :shakehead: 

 

 

And Even The Rattlesnakes Have Enough Sense Not To Come Out When It’s This Hot ... 

 

 

So At Least I Don’t Have Worry About ‘Running’ Into Any ... 

 

:D  :D  :D 
 

Edited by DinarThug
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      - 10 Hours Elapsed
      ;  
       
      Political circles in the Iraqi capital, Baghdad, and the Kurdistan region of Iraq are awaiting the results of the second round of "strategic dialogue" negotiations between Iraq and the United States of America, scheduled to begin on August 20, during a visit scheduled by Iraqi Prime Minister Mustafa Al-Kazimi to Washington to meet US President Donald Trump there.

      And according to what the White House recently announced, the talks between the two parties will include "facing the challenges posed by the emerging corona virus, in addition to issues related to security, energy and economic developments."

      While Al-Kazemi's office stated that the visit will include “discussing the files of bilateral relations between Iraq and the United States of America, issues of common interest, joint cooperation in the fields of security, energy, health, economy and investment, and ways to enhance them, in addition to the file to address the Corona pandemic, and bilateral cooperation to serve common interests. For the two countries, ”according to a government statement.

      And Shiite politicians, most of whom belong to the “Al-Fateh” coalition led by Hadi Al-Amiri, put the issue of removing American forces from Iraqi lands, in accordance with the decision of the Iraqi parliament (on January 5), as a top priority for the visit.

      A member of the Security and Defense Committee in the House of Representatives, a representative of the State of Law coalition, Kata Al-Rikabi, said, in a statement to the official agency, that "the prime minister will discuss during his visit to the United States the strategic framework agreement and the presence of foreign forces."

      He added, "The prime minister will also discuss the economic crisis that Iraq is going through, as well as the health crisis in relation to the Corona epidemic, in addition to joint cooperation between the two countries at multiple levels." While a member of the Parliamentary Foreign Relations Committee, a representative of the "Sairoun" coalition, Rami Al-Skiny, Al-Kazemi's visit to Washington "will achieve a kind of international balance."

      The deputy of the coalition, led by Muqtada al-Sadr, added that "Al-Kazemi's visit to Washington is one of the important visits on the international side to achieve a kind of balance in performance, and to support and strengthen the Iraqi interest."

      He added, "The visit will address many of the economic and political axes and the security dimensions that can be achieved on the Iraqi arena."

      He pointed out that "there is a performance that must be different for the prime minister, and this can only be achieved with a balance in the performance of the Iraqi government, and the lack of tendency for an axis without another," pointing out that "there are international axes that are reflected in the Iraqi arena, so it is necessary to have a balance and calm in The square, internally and externally, ”.

      Most of the Shiite political leaders, especially those with a military wing or an armed faction, share the opinion about the proximity of the Iraqi Prime Minister, Mustafa Al-Kazemi, to the American axis, and the danger of this to neighboring Iran, which is their most prominent supporter.

      The "Sayyid of the Martyrs" Brigades, one of the armed factions close to Tehran, considered that Al-Kazemi's upcoming visit to Washington would be pouring into the "Dissolution of the Popular Mobilization" channel and fighting the "Islamic Resistance" factions.

      The spokesman for the Kataeb Brigades, Kazem Al-Fartousi, told local media yesterday, Sunday, “The goal of the visit of the Iraqi Prime Minister, Mustafa Al-Kazemi, to the United States of America, is to give guarantees that the PMF will be dissolved. Iraqi - Iranian relations.

      And he believed that “Mustafa Al-Kazemi pledged allegiance to the United States of America, before he obtained the position of prime minister, and now he has started carrying out some actions in accordance with American interests, and will also work to fight the resistance factions,” threatening to say: “We will have real stops from these actions, if applied In reality".

      In spite of this, but the leader of the "Al-Fateh" coalition, Ghazanfar Al-Battikh, indicated that the pressure on the removal of US forces from Iraq has "receded".

      He added, "The Islamic Republic of Iran is the most concerned about the American presence in Iraq and the region," noting that "this presence constitutes a threat and danger, and may be a starting point for launching operations and strikes against Tehran," according to "Shafaq News".

      He indicated that "the pressure regarding the removal of US forces from Iraq has eased at the present time," noting that "there are personalities and political parties, who speak in another way at night and in the day."

      He added that "there are pressures from various parties to relieve pressure on the exit of American forces from Iraq, and these pressures from all sides, and it is not unlikely that there will be Iranian pressure on a group of factions to reduce pressure in this file at the present time, for the purpose of calming down with the United States of America." .

      In contrast to the Shiite position, the Sunnis and the Kurds agree on the importance of continuing the relationship between Baghdad and Washington in all files, relying on American support and adopting a balanced policy in relations with everyone.

      Member of Parliament, Zafer Al-Ani, saw that Iraq needs tangible American and international support in several areas, "Otherwise, the situation of Prime Minister Mustafa Al-Kazemi is difficult."

      And he added in a statement yesterday, that “the visit is undoubtedly important for both countries, but as the White House statement described it, it comes at a (critical time), and the criticality of time does not stem from the fact that the two presidents are preparing to run for the elections, but because it will test the extent to which the two sides are serious about a long strategic relationship. Long-term or breaking the bonds of this fragile alliance. He added, "The topics of the visit are important to us as Iraqis, as it will discuss security, economy, energy and health files," noting that "Iraq needs tangible American support in these areas that have become worrisome, and without this support, whether direct or by encouraging other countries to provide it, the situation will be Al-Kazemi made difficult and his chances of achieving his reform program are slim.

      Likewise, the head of the "Kurdistan Democratic Party" bloc, MP Vian Sabri, confirmed that Al-Kazemi's visit "is necessary in expanding cooperation relations between the two countries," while noting that it signals an improvement in relations between the two countries.

      Sabri told the official agency, "This visit is an indication of an improvement in relations between Iraq and the United States, especially since Al-Kazemi emphasized in his government program the importance of foreign relations with the countries of the world," noting that "relations are based on sovereignty, balance and cooperation." She added that "the visit is necessary to discuss bilateral files, to enhance coordination and security cooperation in the face of terrorism, and to health cooperation in the face of Corona, in addition to economic cooperation in the fields of investment and energy."
      Bright Besan
      Arab Jerusalem
      link
    • By DinarThug
      CNN. Broadcasting The Ninth Indicator That Iraq Is Back On Track - As Provided By The DV Members !
       
       
      Go Ahead And Jump On Out There With Ur Bad Self HorseSoldier...
       
       
      LINK
      Report: 8 indicators that Iraq is back on track

       
      6th August, 2020

      A report by the "Wall Street Journal" said that Iraq is finally back on the right track, although it is going through an unenviable situation at the present time as a result of the Corona pandemic and the conflict of regional and international wills within its territories.
      The report monitored several indicators cited by the American Brookings Institution confirming progress in many ways in the country from 2003 until today.
      First: The country's population has increased from about 25 million in the last years of Saddam Hussein’s rule to 40 million today. According to the newspaper, this in itself is neither good nor bad, but it does mean that Iraq is large enough to be an important player in Middle East politics.
      Second: The per capita gross domestic product has risen to nearly six thousand dollars compared to less than four thousand two decades ago. The newspaper report indicates that it is certain that there is still great poverty in Iraq, corruption is rampant, and job prospects for Iraqi youth are modest, but nevertheless, there have been positive economic developments.
      Third: Oil production has increased from about 2.5 million barrels per day in the last years of Saddam’s rule to about 4.5 million barrels now, and export revenues from oil have tripled on average since 2002.
      Fourth: The annual rate of internal displacement has more than halved since the defeat of ISIS. ISIS.
      Fifth: Many indicators of the quality of life have improved significantly over the past two decades. Cell phones, which were restricted to the Ba'athist elite, are now everywhere, and the total number of users is roughly equal to the population. The total internet users are now around 10 million.
      Sixth: Life expectancy increased from 67 years in 2002 to about 73 years today.
      Seventh: The number of modern sanitation facilities has increased, which now reaches more than 40 percent of the population, compared to 32 percent before 2003. More than half of the population has access to safe drinking water as well, although this issue still needs to be done. Greater efforts.
      Eighth: The literacy rate at the national level has increased from 74 percent at the turn of the century to 85 percent today.
      The Wall Street Journal report concludes that, however, there is still a long way to go for Iraq to achieve the desired political and economic stability, in light of the popular protests that erupted last year, high indicators of corruption and a decline in freedom of the press.
      The protests began on the first of last October and lasted for several months, during which hundreds of thousands of Iraqis demanded jobs and services and the departure of the ruling elite, which they said were corrupt.  The protests led to the resignation of Prime Minister Adel Abdul Mahdi, who was replaced in May by Mustafa al-Kazemi, the former head of the intelligence service.
      Iraq, which relies on oil exports for most of its revenues, has been suffering from corruption and mismanagement for many years and was ranked 161 out of 168 countries in Transparency International’s annual report on corruption for 2015. Iraq is currently ranked 156 out of 180 countries in the global rankings for freedom. The press, published by Reporters Without Borders.
      ############
      8 indications that Iraq is back on the "right track"    LINK
    • By DinarThug
      CNN. Broadcasting From An Iraqi Border Crossing While A Herd Of Sheep Passes Thru To Iran - But The Guys Counting Them Keep Falling Asleep !
       
      Iraq begins paying its debts to Iran with goods
      07/25 2020 08:29:49 PM

       
      Baghdad / extent
       
       
      The Secretary General of the Iranian-Iraqi Chamber of Commerce Hamid Hosseini announced the establishment of a company in Iraq to settle Baghdad's debts to Tehran, which amount to about five billion dollars, according to a report published by Iranian websites.
      Hosseini told Farda radio that the company, which will work for the Iranian government, will purchase food commodities to pay off the debts. He explained that, based on a mutual agreement between the two countries, last month, Iran will provide the new company with a list of "commodities and raw materials" it needs, and the company will purchase and ship it to Iran. And Iraq owes Iran the money and gas it imports from it. The payment of Iraqi debts comes through goods, not cash, because Iran is subject to US banking sanctions, so Baghdad cannot transfer foreign currencies to it. According to Radio Farda, Iran is able to import goods only from Iraq, also because of the US sanctions. The Governor of the Central Bank of Iran, Abdel Nasser Hamti, announced, last month, from Baghdad, that Iraq had agreed to settle its debts, related to gas and electricity, to Tehran, by providing food and medicine.
      He said that the debt funds will be used, in the Iraqi Bank of TBI, to pay for the "commodities" that will be purchased by the newly established company. Iran's non-oil exports to Iraq, excluding electricity and gas, reached nine billion dollars in 2018, while its total imports from Iraq reached only 59 million dollars. Since the beginning of the Iranian calendar year, on March 21, 2019, Tehran has stopped publishing details of its foreign trade. It is worth noting that Prime Minister Mustafa Al-Kazemi held talks recently with Iranian leaders on his first official visit abroad since he took office in May.
      LINK
    • By DinarThug
      CNN. Broadcasting fundamental changes in the central bank during the coming period !
       
       
      Washington-Baghdad Dialogue: America wants to strictly implement the sanctions list
       
      7/21/2020
       


       
       
      About two weeks before the second session of the strategic dialogue between the United States and Iraq, in which Iraqi Prime Minister Mustafa Al-Kazemi is to participate, an Iraqi official revealed that Washington included a paragraph related to the names of Iraqi, Syrian, Iranian and Lebanese personalities that the US Treasury Department imposed sanctions on in the past two years. The paragraph is related to discussing the seriousness of the Iraqi banks ’commitment to not dealing with these names, as well as discussing some of them escaping sanctions through activities managed by relatives or agents in their favor. The source pointed out that the Al-Kazemi government is in the process of undertaking major reforms in this area, specifically within the Central Bank of Iraq, the body responsible for the matter.
      Al-Kazemi will participate in the second American-Iraqi dialogue session, during an upcoming official visit to Washington at the end of this July, according to what was previously revealed by Foreign Minister Fuad Hussein.
      US officials are convinced of the existence of fraud within Iraq, enabling those involved in the sanctions to continue their commercial and financial activities
      During the past two years, the US Treasury Department has continuously announced the announcement, and through official statements issued by it, on the inclusion of a number of Iraqi personalities and companies on the sanctions list, accompanied by convictions of them, related to what it says are crimes and violations in the field of human rights and financial corruption they committed, And also their cooperation with the Lebanese "Hezbollah" and the Iranian Revolutionary Guards. Among the most prominent of these names are the director of the “Islamic Bank of the Country”, the politician Aras Habib, the governors of Salahuddin and Nineveh, Ahmad al-Jubouri and Nawfal Hammadi al-Akoub, the politician Khamis al-Khanjar, the leader of the militia “Asa’ib” Qais al-Khazali and his brother Laith al-Khazali, and a leader in the “Popular Mobilization” Hussein Faleh Lami. This is in addition to the leader of the "Babylonian" militia, Ryan Al-Kildani, the leader of the "Shabak" militia, Waad al-Qud, and the "al-Nujaba" militia, Akram al-Kaabi.
      According to a senior Iraqi official, there are officials in the US Treasury Department convinced of the existence of fraud within Iraq, which enabled those involved in the sanctions, whether Iraqis, Syrians, Lebanese or Iranians, to continue their commercial and financial activities, and to obtain hard currency, which prompted the Americans to include a full paragraph In the second dialogue session, Baghdad calls for reforms to be made. The source pointed out that American officials accuse the government of Adel Abdul Mahdi of not responding to the sanctions, and of allowing many of those listed on its regulations to withdraw funds or transfer funds or carry out sales and purchases through agents and relatives, and with the knowledge of the Central Bank of Iraq and other local banks.
      The Iraqi official also revealed that the Al-Kazemi government will make additional pledges to tighten commitment to US sanctions, and to carry out reforms within the Central Bank of Iraq, and an investigation will be opened with the competent authorities to find out the real reasons behind the failure to implement decisions in this regard may expose Iraq to sanctions. The source acknowledged that there are political and factional influences (armed factions) linked to Iran on the central bank and on other oversight bodies, and that any commitment to the sanctions is considered by the authorities implementing the pressures as labor in favor of the United States.
      Al-Kazemi’s government will make additional pledges to tighten compliance with sanctions, and to carry out reforms within the central bank
      The source emphasized that for these reasons, Al-Kazemi intends to make fundamental changes in the central bank during the coming period.
      For his part, the former official at the Central Bank of Iraq, Mahmoud Dagher, in connection with the "new Arab", stressed his country's commitment to the American sanctions issued against the personalities and companies, stressing that "it is impossible for Iraq not to implement such decisions issued by the American treasury, nor will it risk Not to implement American decisions, as important. Dagher recalled that the Iraqi government "issued a circular to banks under the names of those who were included in the sanctions list, and transfers from them to them were stopped," stressing his country's commitment "to implement such a decision if it was issued against any party or person."
      The former official in the "Central Bank of Iraq" stressed that his country’s failure to implement the US Treasury Department’s decisions constituted an economic risk to Iraq and the Iraqis, which would stop all financial transfers to Iraq, and for this reason the bank is obliged to implement the sanctions issued against the Iraqi personalities, whatever they may be.

      On the other hand, a member of the Security and Defense Committee in the Iraqi Parliament, on the authority of the “Al-Fath” coalition, Karim Alaiwi, said that “his bloc is awaiting a position on the part of Al-Kazemi’s government regarding the rejection of unilateral sanctions against Iraqi personalities and entities.” It has the intention to hold talks with the American side about it, as it is political sanctions, and is not based on any realistic evidence. Aliwi said in an interview with Al-Arabi Al-Jadeed that the Al-Kazemi government should complete this task by rejecting any kind of sanctions that affect any Iraqi figure who is not convicted by the local judiciary, and working to remove names from any American list.

      But one of the members of the negotiating delegation in the first dialogue session, which was held via a television circle last month between American and Iraqi officials, assured Al-Arabi Al-Jadeed that the files of the second session were not definitively determined, and they may be comprehensive due to Al-Kazemi’s presence in Washington and his supposed meetings with senior administration officials. American, but he made it clear that it is primarily about terrorism and strengthening Iraq’s security and military capabilities, the financial and health crises, electricity and strengthening the rule of law, fighting financial corruption and threatening armed groups linked to Iran, and the American military presence. And he considered that the file of Iraq’s commitment to the sanctions imposed on Iran, and on various personalities and parties inside and outside Iraq, would be within the political file that is under discussion with the prime minister.
      Just deputies
      New Arab
      link
    • By DinarThug
      CNN. Broadcasting With The Keys - The exchange rate is one of the “keys” to the solution !
       

      The Iraqi economy ... the predicament of the situation and the problem of the solution


      KARAR AL-ASADI SUN, 19-07-2020, PM 8:06
       


      By: Dr. Imad Abdul Latif Salem
       
      The price of Brent "Al Mubarak" crude today 19-7-2020 .. is 43.10 dollars a barrel.
      And according to estimates of the average annual price of Brent crude, the price of selling our blessed oil is usually estimated in our blessed public budget for the blessed fiscal year 2020 ... which is the general budget that has continued in its blessed "voluntary" absence for nearly a year.
      The amount of public expenditures in this "absent" or "absent" budget is estimated at 100 trillion Iraqi dinars, or $ 80 billion (not blessed, of course).
      However, not all of Iraq’s blessed oil is light and blessed. Much of our oil is heavy, like us, and blessed.
      The average selling price of our blessed oil is 6 to 9 dollars per barrel.
      Therefore, the sale price of oil, estimated in the general budget for the fiscal year, will either range, or is supposed to range (as a personal estimate) between $ 26-30 per barrel.
      This means that the blessed budget deficit will increase .. and that our financial, economic, and social crises will worsen, especially with our disastrous failure to properly deal with the outbreak of the COVID 19 epidemic, and our inability to make a fair trade-off between the death of people “biologically” from the epidemic, and between their death “economically” "As a result of their suffering from worsening unemployment and high rates of poverty among the population.
      This means that the blessed austerity will increase, and the salaries of employees and retirees, and the livelihoods of those with limited incomes, not all blessed, will be the blessed victim of all of this.
      Total salaries of “workers’ compensation ”are estimated at 3.3 trillion dinars per month, while the salaries of retirees are estimated at 1.3 trillion dinars per month, or a total of 4.7 trillion dinars per month (56.4 trillion dinars annually).
      And if these "personal estimates" are logical, or close to the reality of the situation, then this means that the salaries of employees and retirees constitute 56.4% of the total allocations of the state budget for the fiscal year 2020, and this is the highest percentage, or "share" of salaries in the general budgets of countries , Among all the countries of the world.
      Also, as a personal estimate, the government (even if oil prices increase slightly at the end of this year), and even if it is able to continue to pay the salaries of July and August 2020, it may be unable to do so (or that it may face enormous difficulties in "a measure" That) in September 2020 .. and that the situation will become more difficult in the months that follow, unless a “party” provides an urgent “rescue” package, to avoid worse than the government's inability to pay the salaries of employees and retirees, in addition to securing sufficient funds to meet With its basic obligations.
      In the last statement reported by the media about him, the Minister of Finance says: “The approval of the federal general budget for 2020 is excluded” (to be the same in the case of the 2014 budget) .. And that the government is working on preparing for the next year’s budget 2021, where We need 7.5 trillion dinars per month for operating expenses, and we will continue to borrow from local banks to finance salaries and ruling expenses. "And the government may resort to external borrowing to address the financial crisis.
      It is assumed "economically" (and there are those who insist that no single economic law operates in a logical manner in Iraq) that the price of the US dollar rise against the Iraqi dinar, and that we be able to control the rhythm of that rise (if it occurs), so that it has direct and indirect positive effects ..And to avoid as much as possible its negative effects on the economy.
      The exchange rate is one of the “keys” to the solution, but the blessed central bank can still defend the blessed “current” dinar exchange rate, in light of all these blessed “rational” expectations ... and that will continue to happen and happen, until God decides (not The "employers of" politics and economics in this "afflicted" country) ... was done.
      Now, away from the "jurisprudence" and "personal estimates" of the data, we will urge an important, careful and accurate study, prepared by a group of beautiful Iraqi minds, working at the University of Kufa, and in the Central Bureau of Statistics, and issued in May 2020 by a center Al-Rafidain for Dialogue, which is entitled: "A case study: Poverty and living standards in Iraq in light of the repercussions of the Corona crisis" .. Among the most important contents of this study include the following *:
      In January 2020, crude oil export revenue was $ 6.163 billion, at a rate of $ 60,139 per barrel.
      In April 2020, crude oil export revenues decreased to only $ 1.423 billion, at a rate of $ 13.81 per barrel.
      - The volume of gross domestic product achieved in 2019 amounted to about 262.9 billion dollars ... Because of the dual effect resulting from the decrease in oil prices and the decrease in other economic activities due to the effects of "Corona", the volume of this GDP for 2020 may decrease (assuming an average price of oil The amount of $ 30 a barrel, according to the best scenarios, and the closest to logic), to be in the range of 169 trillion dinars only (about 142 billion dollars). This means that this double crisis could cause the GDP of 2020 compared to 2019 to decrease by 36%.
      The number of poor people in 2018 was estimated at 7.4 million, with a poverty rate of 20.5%. According to the 10% income or consumption scenario (which is the "basic case" scenario closest to reality in light of the current crisis), the poverty line in Iraq for 2020 was estimated at 123,200 thousand dinars / person / month. Hence, the poverty rate estimated according to this scenario is 22.8%, and the number of poor people is estimated at 9.120 million poor.
      All this is happening, and Iran's blessed agreement with the big, blessed countries about its blessed nuclear file is subjected to the blessed "tramp" strikes, so that the impact of the strikes on us will be reversed in politics, security, and the economy.
      And for those who ask his traditional question about the "solution" in this "case", there are many solutions that have been presented repeatedly to "decision makers" in this country ... and there are many plans, policies and strategies that have been approved (from the highest legislative and executive levels) And it was all left on the shelf, to be eaten by the dust of neglect, ignorance and forgetting .. Whether we agree or not with the current Minister of Finance, I personally do not think that he needs someone who is “to be seen” in this regard .. Also, he also does not need to sit with a group of Experts and consultants, together, to rediscover the wheel again, to put it under this decaying vehicle called "the Iraqi economy."
      What we need, and what it "benefits" is not more "theories" and "jurisprudence" of experts and advisors ... rather that we have supreme sovereign interests "holy", agreed upon by the political "parties" controlling this country, and defending them fiercely, And with unrelenting political will.
      What we need is that we are aware that we have no alternative to salvation from our complex economic crises, other than comprehensive and radical reform .. and that this reform has a cost .. and that this cost may be very prohibitive .. and we may continue to pay it for five, ten years Next .. We are the ones who do not tolerate delaying paying our salaries for only five days.
      This year 2020 never seems blessed, from its blessed start, until the very moment when it is supposed to be blessed now.
      Three presidencies blessed, Iraqis.
      Mubarak's House of Representatives.
      Blessed government.
      Blessed ministers.
      Mubarak government program.
      But ... with the prices of oil not blessed (externally) .. and with chaos, confusion, and lack of horizon (internally), a lot of things may be unfortunate now, Iraqis.
      Many things will not be okay ... neither in the short term nor in the medium term.
      In the long run, this may happen ... that is, some things may be on Mayram.
      However, many of us will be dead, and they will not be witnesses to that .. in that long term.
      So ...
      beautiful patience ... or beautiful
      desertion ... blessed Iraqis.
      LINK
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