yota691 Posted October 11, 2020 Report Share Posted October 11, 2020 Purchasing power Sunday 11 October 2020 7 Yasser Al-Metwally The facts indicate that a sharp decline will occur in the purchasing power of citizens, and the reason is the continued fluctuation of oil prices, towards a decline and stability at a price that does not match what the budgets have been separated annually. We warned over a little over a year ago that a severe financial crisis would plague the country, based on the decline in global oil prices, and this was accompanied soon after by the Corona pandemic, which has greatly affected oil prices and continues. Notice with me that the liquidity crisis related to the monthly salary distribution is continuing, and it will lead to the dislocation of the local market and will result in the stability and stability of exchange rates beyond any doubt. We have repeatedly warned against relying on oil rents and the need to diversify sources of income by activating the productive sectors to absorb unemployment and reduce dependence on foreign importers in order to preserve foreign exchange, but the government has no choice but to borrow internally and externally, which will flood the country with indebtedness that has no consequences. The strangest thing is that the executive and legislative bodies are involved in conflicts over borrowing without sitting down to find alternative solutions. As for the dangerous reason in our expectation of the decline in purchasing power, it is summarized that the government is forced to go either to raise taxes in general or to reduce salaries and the Ministry of Finance is going ahead and pressing in this direction. The citizen is required to reveal the reality of the situation we have reached due to the wrong policies of the successive governments that left the treasury confused before the government. New. So what is the solution? Dedication is required to think about facing this ordeal, which can only be resolved by activating the productive sectors and allowing the private sector to take over this file and the state to devote itself to planning, and we previously expected that austerity is coming, and here I mean that the state prepares for the phase of declining purchasing power and fluctuating exchange rates, which seemed clear towards Reducing the value of the dinar as one of the indicators of declining purchasing power, and the Central Bank should pay attention to this phenomenon, which appeared to be accelerating without any remarkable action. The UAE, with its economic strength and weak absorption capacity of funds, means that its revenue is greater than the proportions of its population. For some time, in order to avoid the effects of the Corona pandemic, it adopted a program of guidance to its citizens on the need to pressure expenditures and rationalize consumption, so what about our financial situation? 7 4 Quote Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted October 11, 2020 Report Share Posted October 11, 2020 I wish they would give me more purchasing power, I need to buy more silver 1 2 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 11, 2020 Author Report Share Posted October 11, 2020 5 minutes ago, ladyGrace'sDaddy said: I wish they would give me more purchasing power, I'm just glad that the subject..It's all about Purchasing Power... 5 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 11, 2020 Author Report Share Posted October 11, 2020 Quote "The white reform paper presented by the Minister of Finance to improve the economic reality in Iraq focused on two very important aspects in order to apply it during the coming short period. Better then soon... Quote And they talking about this...10- Studying the current exchange rate of the dollar against the dinar and taking into consideration the requirements of financial and monetary stability and achieving the competitiveness of the Iraqi economy. 5 1 4 Quote Link to comment Share on other sites More sharing options...
nannab Posted October 11, 2020 Report Share Posted October 11, 2020 Love the new catch phrase coming short period. 12 minutes ago, yota691 said: Better then soon. Agreed !!! 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 11, 2020 Author Report Share Posted October 11, 2020 8 minutes ago, nannab said: Love the new catch phrase coming short period. I said the same thing... Hey!!! 4 Quote Link to comment Share on other sites More sharing options...
ASUMama Posted October 11, 2020 Report Share Posted October 11, 2020 Yota, how soon do you think it will be? This month, end of the year or next year? 1 Quote Link to comment Share on other sites More sharing options...
steveh12 Posted October 11, 2020 Report Share Posted October 11, 2020 We Got Em by the Short Hairs!! 🙃 4 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted October 11, 2020 Report Share Posted October 11, 2020 (edited) - New CBI Governor - Justification to change the dinar exchange rate - purchasing power - financial inclusion - fighting corruption - talks about lower denomination notes - reforms - white papers - agreement between Kurdistan and Baghdad Iraq is moving towards an open market economy. GoRV Go $1:1 Go RV Edited October 11, 2020 by Laid Back 8 3 3 Quote Link to comment Share on other sites More sharing options...
southbeach Posted October 11, 2020 Report Share Posted October 11, 2020 (edited) Come RV. Come RV, in Jesus name. Edited October 11, 2020 by southbeach 3 1 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 12, 2020 Author Report Share Posted October 12, 2020 10 hours ago, ASUMama said: Yota, how soon do you think it will be? Hard to say ASUMama, it closer then yesterday or ten years ago. All jokes aside probably some more agreements and a few big heads arrested..No guru knows 1 1 2 Quote Link to comment Share on other sites More sharing options...
horsesoldier Posted October 12, 2020 Report Share Posted October 12, 2020 1 hour ago, yota691 said: Hard to say ASUMama, it closer then yesterday or ten years ago. All jokes aside probably some more agreements and a few big heads arrested..No guru knows Hoping one of those " few big Heads " is Mr. Potato Head. 2 Quote Link to comment Share on other sites More sharing options...
Artitech Posted October 12, 2020 Report Share Posted October 12, 2020 6 hours ago, southbeach said: Come RV. Come RV, in Jesus name. Amen, I’m calling my harvest in from the North,South, West & the East. The Good Lord Jesus knows I can’t be the steward he’s called me to be in my present financial condition! I believe I have sown my seed in good ground! I fully expect this blessing to bear exceedingly well, so that I can help a lot of hurting people! JMHO 🤠 4 1 4 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted October 12, 2020 Report Share Posted October 12, 2020 On 10/11/2020 at 8:10 AM, yota691 said: Purchasing power Sunday 11 October 2020 7 Yasser Al-Metwally The facts indicate that a sharp decline will occur in the purchasing power of citizens, and the reason is the continued fluctuation of oil prices, towards a decline and stability at a price that does not match what the budgets have been separated annually. We warned over a little over a year ago that a severe financial crisis would plague the country, based on the decline in global oil prices, and this was accompanied soon after by the Corona pandemic, which has greatly affected oil prices and continues. Notice with me that the liquidity crisis related to the monthly salary distribution is continuing, and it will lead to the dislocation of the local market and will result in the stability and stability of exchange rates beyond any doubt. We have repeatedly warned against relying on oil rents and the need to diversify sources of income by activating the productive sectors to absorb unemployment and reduce dependence on foreign importers in order to preserve foreign exchange, but the government has no choice but to borrow internally and externally, which will flood the country with indebtedness that has no consequences. The strangest thing is that the executive and legislative bodies are involved in conflicts over borrowing without sitting down to find alternative solutions. As for the dangerous reason in our expectation of the decline in purchasing power, it is summarized that the government is forced to go either to raise taxes in general or to reduce salaries and the Ministry of Finance is going ahead and pressing in this direction. The citizen is required to reveal the reality of the situation we have reached due to the wrong policies of the successive governments that left the treasury confused before the government. New. So what is the solution? Dedication is required to think about facing this ordeal, which can only be resolved by activating the productive sectors and allowing the private sector to take over this file and the state to devote itself to planning, and we previously expected that austerity is coming, and here I mean that the state prepares for the phase of declining purchasing power and fluctuating exchange rates, which seemed clear towards Reducing the value of the dinar as one of the indicators of declining purchasing power, and the Central Bank should pay attention to this phenomenon, which appeared to be accelerating without any remarkable action. The UAE, with its economic strength and weak absorption capacity of funds, means that its revenue is greater than the proportions of its population. For some time, in order to avoid the effects of the Corona pandemic, it adopted a program of guidance to its citizens on the need to pressure expenditures and rationalize consumption, so what about our financial situation? i just hope it isn't " talk only , no action ". I am really curious what they are going to do next. I really challenge them if they really dare to make the rv happen quietly suddenly surprisingly. omg this is iraq I am talking about. I think they got no balls to make it happen because they have a lot of BS. come rv. Quote Link to comment Share on other sites More sharing options...
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