SONIA1 Posted January 2, 2021 Report Share Posted January 2, 2021 36 minutes ago, Dinarrock said: Current CBI Exchange rate is 1460 period!! CBI.iq plain as day!! cember 29, 2020 With a huge deficit and an "agreement with Kurdistan" ... the Iraqi parliament receives the 2021 budget In it, the Kurdistan Regional Government said that the agreement reached by its negotiating delegation with Baghdad is included in the draft law Erbil 13:12 December 29 2020 The draft budget requires a vote from parliament to become law - an archive ERBIL (Kurdistan 24) - The deputy speaker of the Iraqi parliament, Bashir Al-Haddad, said Tuesday that Parliament has received the draft federal budget for 2021. This comes at a time when the Kurdistan Regional Government said that the agreement reached by its negotiating delegation with Baghdad is included in the draft law. The Iraqi Council of Ministers voted in an "exceptional" session on December 21, 2009, on the controversial project. The budget is worth 146 trillion dinars (112 billion dollars), while Iraq is grappling with a severe economic and financial crisis due to low oil prices. The draft budget requires a vote from parliament to become law. Its articles are expected to spark debate among MPs in light of an expected deficit of 71 trillion dinars ($ 48 billion). The 2021 budget bill was based on a global oil price of $ 42 a barrel. In an attempt to fill the deficit and compensate for the decline in oil revenues, the Central Bank of Iraq decided to raise the selling price of the dollar to banks and exchange offices from 1182 dinars to 1,450 dinars. The head of the Kurdistan Regional Government's delegation negotiating with Baghdad Qubad Talabani said in a press conference held in Erbil on Monday, "I can say that we agreed with the federal government on the budget, and we agree with what is related to the region's share in the budget project and are committed to it." Talabani said that the Kurdistan Region is ready to sell 250 thousand barrels of oil per day through the Oil Marketing Company (SOMO), which is included in the draft budget of 2021. And the expected oil exports in the 2020 budget amount to about 3.25 million barrels per day, of which 250 thousand barrels per day are from the Kurdistan Region. Days ago, Finance Minister Ali Allawi said that the 2021 budget will not include job grades, and he talked about a reduction in the financial allocations for employees. Iraq has the fourth largest oil reserves in the world, and relies on oil revenues mainly to finance 95 percent of its federal public budget. Despite this, Iraq is still experiencing a financial crisis for months due to the collapse of oil prices and the consequences of the Corona pandemic and the spread of corruption. The World Bank expected Iraq's gross domestic product to shrink by 9.7 percent this year, down by 4.4 percent compared to last year, which means recording its worst performance since 2003. The oil-rich country has resorted repeatedly to internal borrowing to fill the budget deficit and pay public sector salaries, pensions and others. In addition to the devaluation, a leaked draft of the 2021 budget showed the government’s intention to reduce the value of salaries and impose new taxes. 4 Quote Link to comment Share on other sites More sharing options...
SONIA1 Posted January 2, 2021 Report Share Posted January 2, 2021 1 Quote Link to comment Share on other sites More sharing options...
SONIA1 Posted January 2, 2021 Report Share Posted January 2, 2021 with all do respect do your homework first before you argue!!! 3 Quote Link to comment Share on other sites More sharing options...
utah rock Posted January 2, 2021 Report Share Posted January 2, 2021 Why does it need to be an argument rather than trying to understand what's going on. I enjoyed both perspective here and am thankful for the information. Always take what I say with a grain, or a glass rim, of salt, I do want peace on earth and a utopia. Kind'a the crazy one around these waters If it RV'ed it sure would make this pandemic a heck of a lot more enjoyable. Peace on earth, such a lovely planet! 1 2 Quote Link to comment Share on other sites More sharing options...
DinarDavo Posted January 2, 2021 Report Share Posted January 2, 2021 29 minutes ago, horsesoldier said: driving through the length and breadth of Texas took nearly as long LOL.....Ain't that the truth. I'm pretty sure there a spot in central Texas akin to the Bermuda Triangle....once you in it you can literally drive for weeks, or so it seems! Any more I just tell people to go around Texas, it's much quicker that way. 1 2 Quote Link to comment Share on other sites More sharing options...
Dinarrock Posted January 2, 2021 Report Share Posted January 2, 2021 (edited) 29 minutes ago, SONIA1 said: with all do respect do your homework first before you argue!!! Yes correct with all do respect your articles don’t mean diddly squat! Here you go straight from the CBI.IQ website the ONLY site you EVER need to look at with regards to the CURRENT EXCHANGE RATE!! Please do some more homework before you rely on some article to prove your weak points! Whatever they decide to put inside the budget to make their numbers work is fine but once again the CBI has the current exchange rate of 1460 today! Hope this clears things up for you as NO they do not have to keep the 1450 rate in the budget for the rest of the year if they actually choose to use the 1450 rate...Savvy mate! US dollar USD 1460.000 Euro EUR 1795.070 Pound sterling GBP 1988.812 Canadian dollar CAD 1144.380 Swiss franc S.FR 1657.208 Swedish krona SEK 178.127 Norwegian krone NOK 170.988 Danish krone DKK 241.366 Japanese yen JPY 14.151 Chinese Yuan CNY 223.899 Australian dollar AUD 1121.864 Special drawing rights SDR 2102.794 Gold for 24-ounce Gold 2737020.000 Edited January 2, 2021 by Dinarrock 1 1 1 Quote Link to comment Share on other sites More sharing options...
SONIA1 Posted January 2, 2021 Report Share Posted January 2, 2021 (edited) 4 minutes ago, Dinarrock said: Yes correct with all do respect your articles don’t mean diddly squat! Here you go straight from the CBI.IQ website the ONLY site you EVER need to look at with regards to the CURRENT EXCHANGE RATE!! Please do some more homework before you rely on some article to prove your weak points! US dollar USD 1460.000 Euro EUR 1795.070 Pound sterling GBP 1988.812 Canadian dollar CAD 1144.380 Swiss franc S.FR 1657.208 Swedish krona SEK 178.127 Norwegian krone NOK 170.988 Danish krone DKK 241.366 Japanese yen JPY 14.151 Chinese Yuan CNY 223.899 Australian dollar AUD 1121.864 Special drawing rights SDR 2102.794 Gold for 24-ounce Gold 2737020.000 That is the sell price that the buy price is 1450..gov and budget goes with buy rate. Edited January 2, 2021 by SONIA1 1 Quote Link to comment Share on other sites More sharing options...
Dinarrock Posted January 2, 2021 Report Share Posted January 2, 2021 (edited) Again you just be slow today it doesn’t matter what the budget says!! What does the CBI of Iraq say the rate is??? The CBI is an Independent organization mate it makes zero difference what the government budget says period!! Edited January 2, 2021 by Dinarrock 1 Quote Link to comment Share on other sites More sharing options...
ThePeoplesChamp Posted January 2, 2021 Report Share Posted January 2, 2021 Been here for years following this rollercoaster. One great thing I did from this group when Bitcoin was coming out was to put some money there. Bitcoin broke 30k today and is forecasted to be over 40k by Monday and by gosh the gurus say it will hit 100k. All I can say is spread your investments out. Don't throw your eggs all into one basket. 2 4 2 Quote Link to comment Share on other sites More sharing options...
SONIA1 Posted January 2, 2021 Report Share Posted January 2, 2021 10 minutes ago, Dinarrock said: Again you just be slow today it doesn’t matter what the budget says!! What does the CBI of Iraq say the rate is??? The CBI is an Independent organization mate it makes zero difference what the government budget says period!! CBI buy rate is 1450 sell rate 1460 IT does not matter what budget says? 🤣 I think you need a vacation . so you can study more!!! Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted January 2, 2021 Report Share Posted January 2, 2021 1 hour ago, ThePeoplesChamp said: Been here for years following this rollercoaster. One great thing I did from this group when Bitcoin was coming out was to put some money there. Bitcoin broke 30k today and is forecasted to be over 40k by Monday and by gosh the gurus say it will hit 100k. All I can say is spread your investments out. Don't throw your eggs all into one basket. We are all over it in VIP. 1 4 Quote Link to comment Share on other sites More sharing options...
keylime Posted January 2, 2021 Report Share Posted January 2, 2021 7 hours ago, Jaygo said: Kuwait said the same thing and then hit the switch the next day. Smoke Is that switch still in working condition? 4 Quote Link to comment Share on other sites More sharing options...
Jaygo Posted January 2, 2021 Report Share Posted January 2, 2021 3 hours ago, SONIA1 said: CBI buy rate is 1450 sell rate 1460 IT does not matter what budget says? 🤣 I think you need a vacation . so you can study more!!! You do know that the CBI can change the rate to $1.45 tomorrow if they wanted to? 1 2 3 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted January 2, 2021 Report Share Posted January 2, 2021 32 minutes ago, keylime said: Is that switch still in working condition? I say we try it and find out. I know I am ready. 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted January 2, 2021 Author Report Share Posted January 2, 2021 Parliamentary Finance: We do not have the authority to return the price of the dollar, and the Central Bank bears all the consequences 09:04 - 02/01/2021 The information / Baghdad .. A member of the Parliamentary Finance Committee, Jamal Cougar, revealed, on Sunday, that the House of Representatives does not have any legal authority to restore the exchange rate of the dollar, indicating that the Central Bank is the one who bears the repercussions of market fluctuations and inflation. Cougar said in a statement to / the information / that "the House of Representatives does not have any legal authority to determine the exchange rate of the dinar during the 2021 budget and will not be able to return it." Cougar added, "The Central Bank and the Minister of Finance are the ones who bear the repercussions of inflation and the current market rebound and its impact on citizens." He pointed out that "the House of Representatives will work to reduce the side effects of the decision to increase the exchange rate of the dollar through the transfer of some money and increase investment amounts to support the industry and the national product." End / 25 D. 3 3 Quote Link to comment Share on other sites More sharing options...
DWS112 Posted January 3, 2021 Report Share Posted January 3, 2021 10 hours ago, yota691 said: we need two weeks to overcome the crisis of changing the price so that citizens adapt to the new price. OK... its been 2 weeks since the changing of the exchange rate! (Dec 19th 2020) - NOW WHAT? Delete the Zeros? 1 1 6 Quote Link to comment Share on other sites More sharing options...
keylime Posted January 3, 2021 Report Share Posted January 3, 2021 57 minutes ago, ChuckFinley said: I say we try it and find out. I know I am ready. I'm ready!!!! Jaygo get the switch!!!! 1 Quote Link to comment Share on other sites More sharing options...
Jaygo Posted January 3, 2021 Report Share Posted January 3, 2021 22 minutes ago, DWS112 said: OK... its been 2 weeks since the changing of the exchange rate! (Dec 19th 2020) - NOW WHAT? Delete the Zeros? PLEASE!! PLEASE!! PLEASE!! 🙏 2 Quote Link to comment Share on other sites More sharing options...
Jaygo Posted January 3, 2021 Report Share Posted January 3, 2021 3 minutes ago, keylime said: I'm ready!!!! Jaygo get the switch!!!! Sorry keylime it’s Saturday and I have my sweats on. I left the switch in my other pants! Damnit!!! 🤦🏻 4 Quote Link to comment Share on other sites More sharing options...
WheresmyRV? Posted January 3, 2021 Report Share Posted January 3, 2021 2 hours ago, DWS112 said: OK... its been 2 weeks since the changing of the exchange rate! (Dec 19th 2020) - NOW WHAT? Delete the Zeros? Hopefully we will have a nice suprise tomorrow morning! 5 Quote Link to comment Share on other sites More sharing options...
Dinarrock Posted January 3, 2021 Report Share Posted January 3, 2021 26 minutes ago, WheresmyRV? said: Hopefully we will have a nice suprise tomorrow morning! Possibly but I think the first viable day would actually be Monday also when the Iraqi Stock exchange opens back up. 1 2 Quote Link to comment Share on other sites More sharing options...
keylime Posted January 3, 2021 Report Share Posted January 3, 2021 3 hours ago, Jaygo said: Sorry keylime it’s Saturday and I have my sweats on. I left the switch in my other pants! Damnit!!! 🤦🏻 Soon then Jaygo? Soon?!! 2 Quote Link to comment Share on other sites More sharing options...
Snatcher Posted January 3, 2021 Report Share Posted January 3, 2021 13 hours ago, bamastorm said: Agree with Officallytook. When I lived in Germany in the 80's and 90's the exchange rate between the dollar and the german mark changed every day sometimes dramatically. 1985 3.173 1986 2.438 1987 1.918 I agree with you. I was there from 85-87 before the fall was great times. Lived off base dirt cheap when getting 3 to 1. Quote Link to comment Share on other sites More sharing options...
Snatcher Posted January 3, 2021 Report Share Posted January 3, 2021 (edited) 10 hours ago, DinarDavo said: LOL.....Ain't that the truth. I'm pretty sure there a spot in central Texas akin to the Bermuda Triangle....once you in it you can literally drive for weeks, or so it seems! Any more I just tell people to go around Texas, it's much quicker that way. It's not so bad, you just have to know when and where you can drive 75 mph and when you can get up to 100 mph. The Troopers are sneaky. Long Live the Republic of Texas. Edited January 3, 2021 by Snatcher 3 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted January 3, 2021 Report Share Posted January 3, 2021 6 hours ago, keylime said: Soon then Jaygo? Soon?!! If you have any obligations at least try to get it done "In the Coming Days". 2 Quote Link to comment Share on other sites More sharing options...
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