IMF Staff Completes 2020 Article IV Mission with Iraq

[Carrello]

"

Meanwhile, a member of the Finance Committee, Jamal Cougar, told "Al-Iqtisad News" that the Iraqi government discussed with the International Monetary Fund and the World Bank to address the financial crisis, indicating that the International Monetary Fund and the World Bank put forward a vision to change the dollar exchange rate.

[yota691]

Economist: The previous exchange rate used Iraq's money in this way .. There is a solution to counter the rise

 

 

769 Economie 2020/12/22 16:51 Baghdad today -

Baghdad The economist, Dawood Al-Jumaili, said that Iraq has not relied on any economic theory in the mechanism of changing the exchange rate of the dollar against the Iraqi dinar, indicating that Iraqi funds were forfeited during the previous exchange rate. Al-Jumliy said, "The price of the previous dollar, of (1200), was considered a cheap exchange rate by the exporting countries. Therefore, Iraq was one of the largest importers of goods, as it adopted an unreal dollar exchange rate and was not based on scientific theories, for the purpose of flooding the market with imported goods." . He pointed out that "the lack of disclosure in the budget law on the real dollar price, and the authorization of the Minister of Finance to follow steps that would contribute to bridging the deficit, and after the leakage that occurred to the initial budget, the markets ignited with dollar prices." The economic expert called "to put laws in the 2021 budget in order to protect the poor classes and those with limited income from sudden changes taking place in the Iraqi economy." The Minister of Planning, Khaled Battal Al-Najm, confirmed, last Monday (December 21, 2020) that the Iraqi economy is going through the most difficult crisis in its history, resulting from the unilateralism and rentier nature of this economy. The ministry said, in a statement received (Baghdad today), that "Al-Najm chairs a meeting of the follow-up cell, which is concerned with achieving the 2030 Sustainable Development Goals, and preparing the second national voluntary report that will be presented during the high-level meeting of the United Nations in the middle of next year." He added that "the Iraqi economy is going through the most difficult crisis in its history, which is a complex crisis, accumulated over long decades of failures, resulting from the unilateralism and rentierism of this economy, making it reach a dead end, which requires urgent and effective measures to overcome the crisis, by establishing economic policies that help The growth of productive sectors, and the diversification of funding sources. " He pointed out, "Iraq's obligations with the international community to achieve the goals of sustainable development, and these commitments receive important obligations on all sectors of the state, including the government, the private sector, civil society organizations, and the media," pointing to the "role of sectoral ministries in achieving sustainable development goals, which represent a basis for reforms The economy that the government is working to achieve. " Al-Najm called for "adopting sustainable development standards in the construction of residential complexes, which adopt thermal insulation processes, and thus reduce electrical energy consumption, while continuing to educate citizens about the need to rationalize energy consumption in general." Yesterday, Bloomberg Economic Agency said that the decision of the Central Bank of Iraq, which was issued yesterday, Saturday, which includes adjusting the exchange rate of the US dollar against the Iraqi dinar, is a “deserved reduction in the value of the national currency.” In a report translated (Baghdad Today), Bloomberg explained that the measure “reduces the currency by about 20 percent against the dollar,” indicating that it came “to avoid depleting countries’ foreign currency reserves after the Corona virus drained energy demand and caused a collapse the prices". The agency stated in a report that "this measure is the first of its kind since 2003. It was an inevitable reduction of the dinar due to the low oil prices and budgetary pressures facing Iraq." The government pledged that this reduction would be one-time and not be repeated, but the Bloomberg report warned of the importance of monitoring the public response to the upcoming increase in the cost of living and the government's austerity program. The central bank statement announced the reduction of the price of buying foreign currency from the Ministry of Finance from about 1190 dinars per dollar to 1450 dinars, while the selling price of foreign currency to banks became 1460 dinars per dollar, and 1470 dinars per dollar the price of selling foreign currency to the public. In turn, the Iraqi Ministry of Finance said that “adjusting the exchange rate is a political decision of the Iraqi leadership, and it is a decision that enjoys the support of political and parliamentary forces and economic actors that have participated with the government in lengthy discussions to reach this measure, in addition to the competent international bodies, including the International Monetary Fund. The International Monetary Fund expects that the Iraqi economy will contract by 12% this year, and that its budget deficit will reach 22% of GDP. For his part, the economic expert, Dr. Nasser Al-Kinani, said that the Ministry of Finance to reduce the value of the Iraqi dinar against the US dollar will not be harmed by it except for the middle class or below. Al-Kinani said in a televised statement, followed by (Baghdad Today), that "the reforms announced by the Ministry of Finance yesterday are unsuccessful and target the middle and lower classes, and significantly affect the way they live and how they deal with the course of daily life." "The Ministry of Finance, by its decision to reduce the value of the Iraqi dinar, against the US dollar, exceeds the powers of the Central Bank, which is directly linked to the prime minister," Al-Kinani added. He continued, saying that "the form of the political process and its impact on the Iraqi economy, placing the Iraqis in a boat pierced in the middle of the sea," calling on "the competent authorities to expedite in avoiding a major economic crisis." Al-Kinani said, "The Ministry of Finance should have taken another approach, which is the abolition of the privileges of those with higher degrees, who receive fictional salaries, and withholding financial allocations for the three presidencies, ministries and institutions in which billions are falling." He pointed out that "if the government tends to reduce the salaries and privileges of those who earn more than two million or more, and make the highest ceiling in salaries is 5 million dinars for officials with special ranks, to solve a large part of the financial crisis." The economist said, "Regarding the private sector and talking about the orientation of the local industry, it is false talk, as there is no infrastructure to prepare for this matter," noting that "the 2021 budget is a hypothetical and not a real budget."

[6ly410]

 

 

2020/12/24 16:20

Parliamentary Finance: The raising of the dollar’s price was directed by the International Monetary Fund and the World Bank and with the knowledge of political blocs, not the government

https://almasalah.com/ar/Archive/48/العراق/1

Baghdad / Obelisk: Member of the Parliamentary Finance Committee, Majida Al-Tamimi, revealed, Thursday, December 24, 2020, that the IMF and the World Bank faced Iraq by increasing the price of the dollar and reducing the currency, and it was not a special decision by the government, noting that this matter is with the knowledge of political blocs.

Al-Tamimi said in a statement followed by the obelisk, that a previous meeting was held between her and the Chairman of the Committee Haitham al-Jubouri and the Vice-Chairman of the Committee Muthanna al-Samarrai on the one hand and the World Bank on the other hand, and they indicated that the process of reducing the dinar against the dollar is the last financial reform solution that Iraq will take, and that it must proceed with financial reforms according to periods They reach long-term solutions and not temporary solutions within an annual budget.

Tamimi said that their opinion changed and it was agreed with Iraq to reduce the dinar against the dollar, and this matter was reported to the political blocs by the Finance Committee.

Follow the obelisk

[Wheelman]

1 hour ago, 6ly410 said:

 

 

2020/12/24 16:20

Parliamentary Finance: The raising of the dollar’s price was directed by the International Monetary Fund and the World Bank and with the knowledge of political blocs, not the government

https://almasalah.com/ar/Archive/48/العراق/1

Baghdad / Obelisk: Member of the Parliamentary Finance Committee, Majida Al-Tamimi, revealed, Thursday, December 24, 2020, that the IMF and the World Bank faced Iraq by increasing the price of the dollar and reducing the currency, and it was not a special decision by the government, noting that this matter is with the knowledge of political blocs.

Al-Tamimi said in a statement followed by the obelisk, that a previous meeting was held between her and the Chairman of the Committee Haitham al-Jubouri and the Vice-Chairman of the Committee Muthanna al-Samarrai on the one hand and the World Bank on the other hand, and they indicated that the process of reducing the dinar against the dollar is the last financial reform solution that Iraq will take, and that it must proceed with financial reforms according to periods They reach long-term solutions and not temporary solutions within an annual budget.

Tamimi said that their opinion changed and it was agreed with Iraq to reduce the dinar against the dollar, and this matter was reported to the political blocs by the Finance Committee.

Follow the obelisk

Shabibi always said, spontaneous, gradual, no fanfare.

[yota691]

International Monetary Fund welcomes the government's economic and financial reforms

 

Logo of the International Monetary Fund

money and business Economy News - Baghdad The head of the International Monetary Fund’s mission in Iraq, Toker Mirzoyev, welcomed the cabinet’s approval of the draft general budget bill for the fiscal year 2021, while announcing the fund’s readiness to support reform efforts . Mirzoyev said in a statement, “The Corona pandemic and the sharp decline in oil prices and production have exacerbated economic vulnerabilities in Iraq, noting that“ in view of the severe shortfall in public finance and the challenges facing the payment of external and domestic payment obligations, including wages and pensions, A critical re-calibration of economic policies is required in order to maintain the stability of the economy . " He continued: “We welcome the approval of the Iraqi Council of Ministers on the draft general budget bill for the fiscal year 2021, which, according to our understanding, envisages implementing important financial reforms,” noting that “despite the difficulty of these reforms, in addition to the reduction of the currency exchange rate that was announced recently, they constitute steps Of critical importance to help reduce major imbalances in the external balance of payments and public finances and ensure economic stability . And that "the Iraqi government has developed plans to significantly increase cash transfers directed to the poor and to enhance health-related spending, which are necessary plans to mitigate the impact of the Covid-19 crisis on the most vulnerable groups ." He pointed out that the plan drawn up for the short term should be followed by more subsequent reforms, which include deeper structural reforms, in order to strengthen the resilience of the economy, expand the fiscal space to include critical reconstruction and social spending, and lay the foundation for higher growth rich in job opportunities and more inclusion. For everyone in the medium term . " He declared, "The International Monetary Fund is ready to support the reform efforts of the Iraqi government at this challenging juncture."

Number of observations 140   Date of addendum 12/25/2020

[yota691]

The International Monetary Fund confirms its readiness to suppor t economic reforms in Iraq

13:12 - 25/12/2020

 

  

The information / Baghdad ..

On Friday, the International Monetary Fund welcomed the efforts of the Iraqi authorities to carry out reforms in fiscal and monetary policy, while affirming its readiness to support these reforms.
"The repercussions of the Covid-19 pandemic and the sharp decline in oil revenues create grave risks that threaten the economic stability of Iraq, " said the head of the fund’s mission on Iraq, Toker Mirzoyev .
Mirzoyev added, "The continuation of reforms in the next stage, including in the structural areas, will have a great impact on strengthening gains in the short term."
He explained, “These reforms are extremely important in ensuring the stability of the Iraqi economy,” stressing that “the International Monetary Fund is ready to support the reform efforts made by the Iraqi authorities at this challenging juncture.” End 25

[yota691]

The International Monetary Fund comments on the reduction of the Iraqi dinar and the 2021 budget

Economie

2020-12-25 | 02:42

 

 

24,635 Views

 

On Friday, the International Monetary Fund welcomed the approval of the Iraqi Council of Ministers to the 2021 budget bill, while it considered implementing important financial reforms and reducing the currency exchange rate as "very important" steps.

The Iraqi News Agency quoted a mission International Monetary Fund BIraq She said that she welcomes the "approval by the cabinet of the draft general budget bill for the fiscal year 2021," indicating that "a decisive re-calibration of economic policies must be made in order to maintain the stability of the economy."

 

The mission added that "implementing important financial reforms and reducing the currency exchange rate are very important steps."

And the mission continued: "We are ready to support the reform efforts made by the Iraqi government."

[yota691]

Head of the International Monetary Mission: The Fund is ready to suppor t reform efforts in Iraq

International Monetary Fund - Archives

 December 25, 2020 12:34 PM

Mubasher: Tokir Mirzoyev, head of the International Monetary Fund’s mission in Iraq, welcomed the cabinet’s approval of the draft general budget bill for the fiscal year 2021, while announcing the fund’s readiness to support reform efforts.

Mirzoyev said in a statement, today, Friday, that the Corona pandemic and the sharp decline in oil prices and production have exacerbated the economic vulnerabilities in Iraq, indicating that due to the severe lack of public finance and the challenges facing the payment of external and domestic payment obligations, including wages and pensions In order to maintain stability in the economy, a critical recalibration of economic policies is required.

The head of the International Monetary Fund mission in Iraq added: "We welcome the approval of the Iraqi Council of Ministers on the draft general budget bill for the fiscal year 2021, which, according to our understanding, envisages the implementation of important financial reforms."

Mirzoyev said that despite the difficulty of these reforms, along with the recently announced devaluation, they constitute critical steps to help reduce large imbalances in the external balance of payments and the public finances and ensure economic stability. 

He indicated that the Iraqi government has drawn up plans to significantly increase cash transfers directed to the poor and boost health-related spending, which are necessary to mitigate the impact of the Covid-19 crisis on the most vulnerable groups.

Mirzoyev pointed out that the plan drawn up for the short term should be followed by more subsequent reforms, which include deeper structural reforms, in order to strengthen the resilience of the economy, expand the fiscal space to include critical reconstruction and social spending, and lay the foundation for higher growth rich in job opportunities and more. Fit for all in the medium term.

The head of the International Monetary Fund’s mission in Iraq announced the Fund’s readiness to support the reform efforts of the Iraqi government at this challenging juncture.

[Wheelman]

4 minutes ago, yota691 said:

Head of the International Monetary Mission: The Fund is ready to suppor t reform efforts in Iraq

International Monetary Fund - Archives

 December 25, 2020 12:34 PM

Mubasher: Tokir Mirzoyev, head of the International Monetary Fund’s mission in Iraq, welcomed the cabinet’s approval of the draft general budget bill for the fiscal year 2021, while announcing the fund’s readiness to support system" rel="">support reform efforts.

Mirzoyev said in a statement, today, Friday, that the Corona pandemic and the sharp decline in oil prices and production have exacerbated the economic vulnerabilities in Iraq, indicating that due to the severe lack of public finance and the challenges facing the payment of external and domestic payment obligations, including wages and pensions In order to maintain stability in the economy, a critical recalibration of economic policies is required.

The head of the International Monetary Fund mission in Iraq added: "We welcome the approval of the Iraqi Council of Ministers on the draft general budget bill for the fiscal year 2021, which, according to our understanding, envisages the implementation of important financial reforms."

Mirzoyev said that despite the difficulty of these reforms, along with the recently announced devaluation, they constitute critical steps to help reduce large imbalances in the external balance of payments and the public finances and ensure economic stability. 

He indicated that the Iraqi government has drawn up plans to significantly increase cash transfers directed to the poor and boost health-related spending, which are necessary to mitigate the impact of the Covid-19 crisis on the most vulnerable groups.

Mirzoyev pointed out that the plan drawn up for the short term should be followed by more subsequent reforms, which include deeper structural reforms, in order to strengthen the resilience of the economy, expand the fiscal space to include critical reconstruction and social spending, and lay the foundation for higher growth rich in job opportunities and more. Fit for all in the medium term.

The head of the International Monetary Fund’s mission in Iraq announced the Fund’s readiness to support system" rel="">support the reform efforts of the Iraqi government at this challenging juncture.

Just my opinion, if IMF accepted the 2021 budget, let’s assume Parliament voted and approved the 2021 budget into law. 

[yota691]

International criticism comments on the economic reforms in Iraq

•  Time: 12/25/2020 09:27:26
•  
•  Read: 5,499 times

  

{Baghdad: Al Furat News} The International Monetary Fund has welcomed the efforts of the Iraqi authorities to make reforms in public financial policy and monetary policy, while affirming its readiness to support these reforms.

"The repercussions of the Covid-19 pandemic and the sharp decline in oil revenues create grave risks that threaten the economic stability of Iraq," said the head of the fund's mission on Iraq, Toker Mirzoyev, in a press statement.

Mirzoyev added, "The continuation of reforms in the next stage, including in the structural areas, will have a great impact on strengthening gains in the short term."

He explained, "These reforms are of great importance in ensuring the stability of the Iraqi economy," stressing that "the International Monetary Fund is ready to support the reform efforts made by the Iraqi authorities at this challenging juncture."

Forgiveness Al-Khalidi

[yota691]

The International Monetary Fund confirms its readiness to suppor t economic reforms in Iraq

Editing date: 25/12/2020 14:20 • 131 times read

http://www.alliraqnews.com/uploads/news/image/medium/story_img_5fe5cb0652d58.jpg

[Baghdad_Where]
On Friday, the International Monetary Fund welcomed the efforts of the Iraqi authorities to make reforms in fiscal and monetary policy, while affirming its readiness to support these reforms.

"The repercussions of the Covid-19 pandemic and the sharp drop in oil revenues create grave risks that threaten the economic stability of Iraq," Tokir Mirzoyev, head of the fund’s mission on Iraq, said in a press statement.
Mirzoyev added, "The continuation of reforms in the next stage, including in the structural areas, will have a great impact on strengthening gains in the short term."
He explained, "These reforms are extremely important in ensuring the stability of the Iraqi economy," stressing that "the International Monetary Fund is ready to support the reform efforts made by the Iraqi authorities at this challenging juncture."

[GreedyDinar07]

The IMF is supporting the reform efforts. This is so interesting, This is the first significant move in the exchange rate since the fall of Sadaam. Something is going to happen one way or the other!!   

[yota691]

International criticism: We are ready to suppor t reform efforts in Iraq

Saturday 26 December 2020 19

 

 Baghdad: Morning

 

The head of the International Monetary Fund’s mission in Iraq, Toker Mirzoyev, welcomed the cabinet’s approval of the draft general budget bill for the fiscal year 2021, while announcing the fund’s readiness to support reform efforts. The Council of Ministers voted to approve the federal budget for the fiscal year 2021, at the extraordinary session held last Monday, headed by Prime Minister Mustafa Al-Kazemi.

Pandemic and oil prices

Mirzoyev said in a statement to the mission received by Al-Sabah, Friday: “The Corona pandemic and the sharp decline in oil prices and production have exacerbated economic weaknesses in Iraq,” and indicated that “due to the acute shortage in financing public finances and the challenges facing the payment of external payment obligations. And local, including wages and pensions, a critical re-calibration of economic policies must be made in order to maintain the stability of the economy.

He continued, “We welcome the approval of the Iraqi Council of Ministers to the draft General Budget Law for the fiscal year 2021, which, according to our understanding, envisages implementing important financial reforms,” noting that “despite the difficulty of these reforms, along with the reduction of the currency exchange rate that was announced recently, they constitute major steps. The importance of helping to reduce large imbalances in the external balance of payments and public finance, and to ensure economic stability. 

 

Increase the poor remittances

The statement clarified that «the Iraqi government has developed plans to conduct a significant increase in cash transfers directed to the poor and to strengthen health-related spending, which are necessary to mitigate the impact of the Covid-19 crisis on the most vulnerable groups».

He pointed out that the plan drawn up for the short term should be followed by more subsequent reforms, which include deeper structural reforms, in order to strengthen the resilience of the economy, expand the fiscal space to include critical reconstruction and social spending, and lay the foundation for higher growth rich in jobs and more inclusion. For everyone in the medium term ».

He declared «the readiness of the International Monetary Fund to support the reform efforts made by the Iraqi government at this challenging juncture».

[6ly410]

The International Monetary Fund comments on reducing the exchange rate of the Iraqi dinar

Friday, December 25, 2020 2:09 PM

https://nnciraq.com/45971/

 

Baghdad / National News Center -

The International Monetary Fund commented, today, Friday, on the reduction of the Iraqi dinar and the 2021 budget law.

The International Monetary Fund welcomed the approval of the Iraqi Council of Ministers to the 2021 budget bill, while it believed that implementing important financial reforms and reducing the currency exchange rate were "very important" steps.

The channel quoted the IMF mission in Iraq as saying that it welcomes the “approval by the cabinet of the draft general budget bill for the fiscal year 2021,” indicating that “a decisive re-calibration of economic policies must be made in order to maintain the stability of the economy.”

And the international mission continued: We are ready to support the reform efforts made by the Iraqi government.

And the Iraqi Finance Minister, Ali Allawi, announced, at the beginning of this week, the reduction of the exchange rate of the Iraqi dinar against the dollar, to reach 1450 dinars to one dollar.

This comes within the framework of what is known as the reform white paper that the Iraqi government has been talking about for months, which began to raise the exchange rate of the dollar by 1450 dinars after it was 1120 dinars, considering it a price approved for sale by the Ministry of Finance to the Central Bank.

Allawi said that the government will stop the new appointments, and the 2021 budget will be reformist, and that the parliament, the Parliamentary Finance Committee and the heads of the blocs are aware of the direction the government is taking, stressing that the government receives the support of all major countries, the International Monetary Fund and the World Bank, for the white reform paper.

[yota691]

Saleh: There is no binding program currently between Iraq and the International Monetary Fund

 

money and business Economy News _ Baghdad The financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih, revealed, on Sunday, the fact that a request has been submitted to Iraq to raise the price of the dollar to 1660 dinars per one US dollar. Saleh said in a press interview, that "there is no binding program currently between Iraq and the International Monetary Fund, but the latter is following the current account deficit of the balance of payments of member countries." He added that the IMF is following up on the current account deficit, "due to the recession of the global economy and its stable effects on the economies of member states," noting that what was mentioned "is one of the routine actions that the fund carries out in consulting with all countries."

Number of observations 17   Date added 12/27/2020

[yota691]

Al-Araji: The World Bank Asked Iraq To Raise The Dollar Exchange To 1660 Dinars

On December 27, 2020

 

Al-Mustaqila .. Former Deputy Prime Minister Bahaa al-Araji revealed that the World Bank had asked Iraq to raise the dollar exchange rate to 1660 Iraqi dinars in exchange for its help in solving the financial crisis.

 

Al-Araji said in a tweet on his Twitter page, today, "In order to help and support Iraq in solving its financial crisis ... The World Bank asked Iraq that the dollar exchange rate be (1660) dinars."

 

He asked whether the government and parliament "have a unified position, whether by rejection or acceptance?" Or will some political blocs take advantage of this to bid, as they did before ?! ”

It is noteworthy that Iraq requested assistance and loans from the International Monetary Fund, which provided Iraq with a number of conditions for the purpose of implementing its request, including raising the price of the dollar against the Iraqi dinar, raising fuel prices, in addition to other conditions related to the operational budget that includes the salaries of employees.

[WheresmyRV?]

Yikes, 1660?

[Wheelman]

43 minutes ago, WheresmyRV? said:

Yikes, 1660?

This should definitely stop the auctions.

[Laid Back]

“The World Bank asked Iraq that the dollar exchange rate be (1660) dinars."

 

This kind of statements creates fear on the citizens and currency speculators. 
 

This will help the banking system to suck in more chunky money

 

Go RV

Go $1:1+

Go 2021

[boosterbglee]

The question is.......how much longer is this draw down of Dinar going to take?

[6ly410]

Iraq news now

Al-Kazemi's advisor reveals the truth about the World Bank’s request to raise the dollar’s price to 1660 dinars - urgent

Posted 6 hours ago

https://iraqakhbar.com/2826322

News source / Baghdad today

News source / Baghdad today

Baghdad Today - Special

Mazhar Muhammad Saleh, the financial advisor to the Prime Minister, Mustafa Al-Kazemi, revealed today, Sunday (December 27, 2020) the fact that a request has been submitted to Iraq to raise the price of the dollar to 1660 dinars per one US dollar.

In an interview with (Baghdad Today), Saleh said, "There is no binding program currently between Iraq and the International Monetary Fund, but the latter tracks the current account deficit for the balance of payments of member countries."

He added that the IMF is following up on the current account deficit, "due to the recession of the global economy and its stable effects on the economies of member states," noting that what was mentioned "is one of the routine actions that the fund carries out in consulting with all countries."

Earlier, the former Deputy Prime Minister, Bahaa Al-Araji, revealed that the World Bank had asked Iraq that the dollar exchange rate be 1660 dinars, to solve its financial crisis.

Al-Araji stated in a tweet that he posted on his Twitter account, “In order to help and support Iraq in solving its financial crisis .. The World Bank requested Iraq that the dollar exchange rate be (1660) dinars.”

Al-Araji asked, “Will the government and parliament have a unified position, whether by rejecting or accepting? Or will some political blocs take advantage of this to bid, as they did before ?! ”

The Central Bank had confirmed, in a statement issued earlier, that one dollar was sold to banking companies for 1,460 dinars, and one dollar was sold to citizens at 1,470 dinars.

Iraq raised the dollar exchange rate by about 20 percent, to reduce the gap between revenues and expenditures in the budget, as part of an economic reform plan adopted by the current government

[CSM (R) Thack]

1 hour ago, boosterbglee said:

how much longer is this draw down of Dinar going to take?

Exactly...🤷‍♂️

👍🇺🇸

[Half Crazy Runner]

1 hour ago, boosterbglee said:

The question is.......how much longer is this draw down of Dinar going to take?

Hopefully they have a deadline that is very soon. 

[Officiallytook]

On 12/25/2020 at 8:06 PM, yota691 said:

, according to our understanding, envisages implementing important financial reforms,” noting that “despite the difficulty of these reforms, along with the reduction of the currency exchange rate that was announced recently, they constitute major steps. The importance of helping to reduce large imbalances in the external balance of payments and public finance, and to ensure economic stability

That green section though... 🤑🤑🤑...see why you chose that color

 

Let em take as long as they like, get it all off the streets and out the world's hands until we're the only ones holding 

 

Edited December 27, 2020 by Officiallytook

[ChuckFinley]

2 hours ago, Laid Back said:

“The World Bank asked Iraq that the dollar exchange rate be (1660) dinars."

 

This kind of statements creates fear on the citizens and currency speculators. 
 

This will help the banking system to suck in more chunky money

 

Go RV

Go $1:1+

Go 2021

This will help with the "POW".