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Parliamentary Finance confirms the government's printing of new currencies without financial cover and describes the act as "dangerous"


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Parliamentary Finance confirms the government's printing of new currencies without financial cover and describes the act as "dangerous"

17:43 - 10/25/2020
 
  
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Information / Special ...

On Sunday, the Parliamentary Finance Committee described the federal government’s printing of currency without providing financial cover as a dangerous and wrong behavior.

"The government of Prime Minister Mustafa Al-Kazemi does not have a vision for economic and financial reform," said Abdul Hadi Al-Saadawi, a member of the committee, in a statement to "Al-Maaloumah", pointing out that "the government made a big mistake by printing currency without providing a financial cover for it."

He added that "printing the currency without providing financial cover is the most dangerous work done by the Central Bank of Iraq at the present time," noting that "this matter will lead to major economic problems."

Last Monday, the Parliamentary Finance Committee announced the opening of an investigation to secure the government’s salaries for September, despite the Parliament’s lack of approval of the loan presented, indicating that its insurance is surrounded by doubts between withdrawing from the central reserve or printing other currencies.

https://www.almaalomah.com/2020/10/25/501715/

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A deputy calls for the central bank to announce the dollar sales bills in the currency sale window

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Baghdad / NINA / Member of the Parliamentary Finance Committee, Muhammad Al-Darraji, called on the Central Bank to prove its credibility and transparency by announcing the invoices and documents presented in exchange for selling the dollar in the window of currency sale, otherwise it will be a partner in forgery.


Al-Darraji said, in a press statement, that "the dire financial situation, the weakness of imports, and the exit of the dollar from the country under the pretext of importing without customs imports in proportion to the volume of his sales contributed directly to the destruction of the country's economy." / End 5
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Deputy demands the central bank to prove its credibility and transparency

 6 hours ago
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Today, Sunday, a member of the Parliamentary Finance Committee, MP Muhammad Al-Darraji, called on the Central Bank to prove its credibility and transparency in announcing dollar sales bills through the sales window.

Al-Darraji stressed in a tweet on his personal account on Twitter, "The need for the Central Bank to prove its credibility and transparency and to announce the invoices and documents presented in exchange for selling the dollar in the window of currency sale, and on the contrary, it will be a partner in fraud."

Al-Darraji added, "The dire financial situation, the weakness of imports, and the exit of the dollar from the country under the pretext of importing without customs imports commensurate with the volume of its sales contributed directly to the destruction of the country's economy."

And his tweet concluded with the hashtag "Save our economy."

https://takadum-news.com/نائب-يطالب-البنك-المركزي-بإثبات-مصداق/

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They don’t mentioned what notes are they printing.
 

I hope is the lower denomination notes. If not our wait for an increase on the dinar exchange rate will continue for many months.

 

 

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9 minutes ago, Laid Back said:

They don’t mentioned what notes are they printing.
 

I hope is the lower denomination notes. If not our wait for an increase on the dinar exchange rate will continue for many months.

 

 

LB,  We can only 🙏🙏 they are talking about LD's.   Heck I thought they already had all LD's ready to go once the Green Light is given for the RV & RI

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Parliamentary Finance confirms the government's printing of new currencies without financial cover and describes the act as "dangerous"

Editing date: 10/25/2020 18:14  98 times read
http://www.alliraqnews.com/uploads/news/image/medium/story_img_5f95965546216.jpg
[Baghdad-Where] On
Sunday, the Parliamentary Finance Committee described the federal government's printing of currency without providing financial cover as wrong and dangerous behavior.
Committee member Abdul Hadi Al-Saadawi said, "The government of Prime Minister Mustafa Al-Kazemi does not have a vision for economic and financial reform," noting that "the government made a big mistake by printing a currency without providing a financial cover for it."

He added that "printing the currency without providing financial cover is the most dangerous work done by the Central Bank of Iraq at the present time," noting that "this matter will lead to major economic problems."

Last Monday, the Parliamentary Finance Committee announced that an investigation would be opened to secure the government’s salaries for September, despite the Parliament’s lack of approval of the loan presented, indicating that its insurance is surrounded by doubts between withdrawing from the central reserve or printing other currencies
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50 minutes ago, Donziman said:

The only difference between us and them is we are bigger. We keep printing

money every month. Soon a loaf of bread will be 5.00 dollars...

 

Depending on the the brand here in Arizona, it already is.

 

[ 5 years ago up in the Bakken Oil Field in North Dakota, it was that and more. Of course they saw big money when the BOOM hit and all us Oil workers showed up.]

 

The whole world is in world of Shyte. Its full of agenda driven Tyrants, Dictators and fervently passionate sycophants to their favorite political " ism" . . . the shots are being called by the insanely powerful, wealthy that own the UN, WB, IMF - it's a global Cabal. 

The masses  don't recognize they're being manipulated. Table is tilted and the game is rigged. The masses are asses and doing their Masters bidding. The " Game " is being played out brilliantly 

 

Who knew the movie " Idiocracy " would turn out to be a 21st Century Documentary. 

 

 

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3 hours ago, FROSTYJACK said:

Always SMOKE AND MIRRORS toward the end. 
With Daddy’s last drive by sending out that positive vibe. Seem right. 😎

exactly....only one result we are concerned with and that's a change of rate and how we cash in...the rest is irrelevant until the rate changes

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4 hours ago, tigergorzow said:

LB,  We can only 🙏🙏 they are talking about LD's.   Heck I thought they already had all LD's ready to go once the Green Light is given for the RV & RI

Thanks for your input tigergorzow,

It has to be the LD’Is Is the only way to give purchasing power to the people.

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1 hour ago, Engine1 said:

You are right, they have and I have some of those lower denoms 

 U been holding out engine 1 , did u write u have iqd denominations from the new series of notes below the 50 dinar  

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On 10/22/2020 at 2:21 AM, presence said:

Thanks for the uplifting post Yota691 - and for all your devotion to this site over the years. Hopefully the ride will be over soon- and not a day too soon from my perspective.  

Thanks Mary B ,

 

for all of your posts- which have a tendancy to lift my spirit when it need dt most -

 

The inertia itowards less corruption and a better life for the Iraqi citizens is definitely strengthening. There's  no turning back - as forensic accountants have been hard at work for several years and audit trails now exist proving the historic extent of theft by th e CBI -and Iraqi government

 

 

Everyone is responsible for their actipns - and in my opinion, it's just a metter of short time before the corrupt in Iraq (and beyond). will be held held accountable (anyone see 60 Minutes tonight?)

 

Presence

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13 hours ago, Laid Back said:

They don’t mentioned what notes are they printing.
 

I hope is the lower denomination notes. If not our wait for an increase on the dinar exchange rate will continue for many months.

 

 

That is for sure.  

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23 minutes ago, Engine1 said:

 I would post a pic but the file is to big.  I have 50, 500, 1000 and the big ones.  Sorry if I was misleading, I thought 50 was small. 

50's have been retired.  No longer using.

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