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Canceling The Currency Auction, Reducing Borrowing, And “Isolating” The Central Bank’s Reserves ... The Most Important Thing For Hard Currency In The 2021 Budget !


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CNN. Broadcasting The Bid For Cancelling The Auctions !     Canceling the currency auction, reducing borrowing, and “isolating” the central bank’s reserves ... the most important th

Usually in emerging economies banks strengthen their assets abroad.   The Banks are getting ready for an open market economy   Go CBI Go banking system Go international

1- Budget 2021 2- HCL Agreement  3- End of daily auctions  4- RV   Good Post DT 🤡👍🏼    

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8 minutes ago, DinarThug said:

CNN. Broadcasting The Bid For Cancelling The Auctions !
 

 

Canceling the currency auction, reducing borrowing, and “isolating” the central bank’s reserves ... the most important thing for hard currency in the 2021 budget

 

2021-02-08

 
1608472513962250600.jpg?resize=696%2C389
 
 

Yes Iraq: Baghdad

 

Today, Monday, the Parliamentary Finance Committee revealed a tendency to cancel the currency auction, while indicating that the Central Bank's reserves will not be affected in the general budget for 2021.

 

The committee's reporter, Ahmed Al-Saffar, said in statements to the official agency and its affiliate, Yass Iraq, that “when the draft budget is approved in the House of Representatives voting session, it becomes a binding law for the government and enforceable,” indicating that “the Ministry of Finance then issues instructions within a week or two to send to ministries to facilitate The budget execution process ”.

He added that "the budget deficit was reduced from 71 trillion to 24 trillion only, as the lending scheme deducted the treasury transfers to the central bank 47 trillion, but we reduced it to only two trillion, if the price of a barrel of oil remained at 45 dollars," noting that "the deficit will disappear soon." The government will have an abundance of money if the price of a barrel of oil remains high.

Al-Saffar stressed that "the Central Bank's reserves will not be affected at all in this budget, as we have reduced borrowing and canceled foreign loans."

 

The decision of the Finance Committee indicated that "there is a tendency to cancel the currency auction because it does not exist in all countries of the world except in Iraq," explaining that "the currency auction mechanism is incorrect, and hard currency is supposed to be given to actual importers, students, professors, and patients who travel outside the country and not to banks." “.

 

Al-Saffar indicated that "there is an increase in social care because large numbers of them were included, with the private sector participating in employing the unemployed," noting that "the budget carries a clear economic and social vision."

He stressed that "the committee will hold a meeting with the political blocs to bridge the gap in views and come up with the draft budget that can be passed easily under the parliament."

Regarding the exchange rate of the dollar, Saffar pointed out that "the exchange rate is exclusively within the authority of the Central Bank, and it is not possible to interfere in its work as it is responsible for the monetary system, the monetary mass, the exchange rate and the cash reserve.

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DT Thanks,  Excellent news so now we await the CBI, HOR to do their job.  Git er done boys and girls....😁😁👍👍🙏🙏

 

GO HCL

 

GO RV & RI

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And Here’s The Latest ‘Movement’ From The ‘Shiite House’ ! :o 

 

 

I Swear - U Can’t Even Make This ‘Crap’ Up ...

 

:D  :D  :D 
 

 

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Three plans to deal with Kurdistan .. The “Shiite House” will agree on the “Federal Court” and dissolve Parliament

 
%D8%AA%D9%8A%D8%A7%D8%B1-%D8%A7%D9%84%D8
 
 
08:51 - 08/02/2021
 
 

The Wisdom Movement revealed meetings held by Shiite leaders during the past days regarding the political developments in the country, indicating that the leaders agreed on the Federal Court law and dissolving Parliament in preparation for early parliamentary elections.

A member of the political bureau of the movement, Fadi Al-Shammari, said in an interview followed by / the information /, that “the Shiite leaders held meetings during the past days to discuss some urgent political developments,” indicating that “the leaderships agreed on the Federal Law, which will be put to the vote after the budget law.”

Al-Shammari added, "The other important thing that the Shiite leaders have relatively agreed upon is to dissolve the parliament," in order to hold early parliamentary elections that require dissolving parliament.

On the other hand, Al-Shammari revealed "the existence of three plans (A, B, and C) to deal with the Kurdistan region in light of the lack of a solution between Baghdad and Erbil," noting "the presence of American interventions in the issue of disputes between Baghdad and Erbil." 
 

Edited by DinarThug
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So much material.... ya just can’t write stuff this good when this sort of thing just ups and drops right onto your lap. 
These people have been Ground Zero for the last 18 years for providing some of the most unforgettable Comedy, ever.

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1 hour ago, DinarThug said:

CNN. Broadcasting The Bid For Cancelling The Auctions !
 

 

Canceling the currency auction, reducing borrowing, and “isolating” the central bank’s reserves ... the most important thing for hard currency in the 2021 budget

 

2021-02-08

 
1608472513962250600.jpg?resize=696%2C389
 
 

Yes Iraq: Baghdad

 

Today, Monday, the Parliamentary Finance Committee revealed a tendency to cancel the currency auction, while indicating that the Central Bank's reserves will not be affected in the general budget for 2021.

 

The committee's reporter, Ahmed Al-Saffar, said in statements to the official agency and its affiliate, Yass Iraq, that “when the draft budget is approved in the House of Representatives voting session, it becomes a binding law for the government and enforceable,” indicating that “the Ministry of Finance then issues instructions within a week or two to send to ministries to facilitate The budget execution process ”.

He added that "the budget deficit was reduced from 71 trillion to 24 trillion only, as the lending scheme deducted the treasury transfers to the central bank 47 trillion, but we reduced it to only two trillion, if the price of a barrel of oil remained at 45 dollars," noting that "the deficit will disappear soon." The government will have an abundance of money if the price of a barrel of oil remains high.

Al-Saffar stressed that "the Central Bank's reserves will not be affected at all in this budget, as we have reduced borrowing and canceled foreign loans."

 

The decision of the Finance Committee indicated that "there is a tendency to cancel the currency auction because it does not exist in all countries of the world except in Iraq," explaining that "the currency auction mechanism is incorrect, and hard currency is supposed to be given to actual importers, students, professors, and patients who travel outside the country and not to banks." “.

 

Al-Saffar indicated that "there is an increase in social care because large numbers of them were included, with the private sector participating in employing the unemployed," noting that "the budget carries a clear economic and social vision."

He stressed that "the committee will hold a meeting with the political blocs to bridge the gap in views and come up with the draft budget that can be passed easily under the parliament."

Regarding the exchange rate of the dollar, Saffar pointed out that "the exchange rate is exclusively within the authority of the Central Bank, and it is not possible to interfere in its work as it is responsible for the monetary system, the monetary mass, the exchange rate and the cash reserve.

link

Had to give you a "POW" Thug. Thanks :salute:

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Movement to develop the Iraq Stock Exchange

Tuesday 09 February 2021


alsabaah-66833.jpg

 

Baghdad: Hussein ThugB

 

Empowering the Iraqi market for securities represents the goal of the next stage of the Securities Commission, as the volume of shares circulation is a mirror reflecting the economic activity in the country, and the Commission’s efforts are looking to reach a trading volume of 3 - 5 million dollars per day to be a semi-emerging trading market. 

The head of the Securities Commission, Faisal Al-Haims, said to {Al-Sabah} «There is an active movement to develop the Iraqi market for securities in proportion to the economic potential of Iraq».

 
Poor circulation
 
He added, "The reality of stock trading in the market is below the level of ambition, which makes it imperative for us to work on studying the causes of poor trading and moving towards addressing them."
He pointed out that «Iraq has an economy not to be underestimated at the level of the region and the world and has the second oil reserves, and this large wealth in this sector, along with wealth in other sectors, can be more effective and this is positively reflected on the performance of the Iraqi market for securities». 
 
Re-circulate
 
He revealed that «the Commission examined the causes of poor circulation and found that a number of companies were suspended due to their failure to make disclosure, and this prompted us to issue decisions based on the reality of the situation that Iraq and the world went through due to the Corona pandemic, which was considered a force majeure, and we were able to re-circulate a number of companies And work continues to look at the reasons for the suspension and address that and return a number of companies to circulation ».
He pointed out that «this measure helped to move inactive funds by re-trading the shares of the suspended companies after raising the reasons and this returned the movement to the reality of stocks».
 
Maximize circulation
 
Al-Haims also confirmed, "There are plans to maximize trading and its value, by introducing a daily trading volume of 3 to 5 million dollars, and from here we have a semi-emerging trading market that contributes to attracting foreign investments." Pointing out that «this approach represents one of the most important goals that the Commission is working to achieve during the coming period».
He cautioned that «raising the level of foreign investments in the Iraqi market for securities requires the presence of attracting elements that contribute to this and the most important element of achieving profits by joint-stock companies and making use of price variables in daily trading». 
He explained that «the legal environment for the functioning of the market is appropriate and appropriate for work, especially since the market is not modern and has been operating for a long time, and the country has wealth that makes us have a large stock market».

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15 hours ago, DinarThug said:

On the other hand, Al-Shammari revealed "the existence of three plans (A, B, and C) to deal with the Kurdistan region in light of the lack of a solution between Baghdad and Erbil," noting "the presence of American interventions in the issue of disputes between Baghdad and Erbil." 

 

Over the past several years the US, Great Britain, the UN and others have "intervened" to help resolve the differences between Baghdad and Erbil to no avail...... I'm beginning to question the sincerity of both parties. (sarcasm in the morning)

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Parliamentary Committee: The current exchange rates of the dollar threaten the lives of the poor and those with limited income

 
%D9%86%D8%AF%D9%89-%D8%B4%D8%A7%D9%83%D8
 
 
15:38 - 02/09/2021
 
 

A member of the Parliamentary Economic and Investment Committee, Nada Shaker Jawdat, warned, on Tuesday, of the consequences of the dollar exchange rate remaining as it is, considering this a threat to people with limited income in the poorest governorates.

"The committee presented plans and solutions that would enhance the ration card items and the mechanism for eliminating corruption," Jawdat said in a statement to the agency, noting that "the government did not take into account the proposals of the Parliamentary Economy and Investment Committee."

She added, "The continued high exchange rates of the dollar against the Iraqi dinar raised the prices of foodstuffs, as well as the high rates of poverty in the poorest regions," warning that "this would threaten the poor and low-income people to survive."

Earlier today, the economic expert, Wissam Al-Tamimi, saw that there was no justification for keeping the dollar high in the local market, pointing out that the siege of the people must end before the street explodeddue to mishandling of the citizen's pension. 

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8 minutes ago, DinarThug said:

"The continued high exchange rates of the dollar against the Iraqi dinar raised the prices 


Somebody Needs To Tell Our Resident ‘Hans And Franz’ (Aka - The Bro’s) - To Go And Do Something About That Little Girly Man Rate ! :o 

 

image.gif.226f9fc26d7ef732c14939e5ad5edbe4.gif

 

:D  :D  :D 

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Transportation is looking into the electronic collection project and linking it to the RTGS national divider

 
Transportation is looking into the electronic collection project and linking it to the RTGS national divider
 
 
02/09/2021 17:06:24
 
 
Today, Tuesday, the Ministry of Transport discussed with the Central Bank of Iraq the electronic collection project and linked it to the RTGS national division.

 

"A joint meeting was held between the Director General of Payments of the Central Bank of Iraq, Duha Abdul-Karim, and the assistants of the Ministry's formations managers, in the presence of the General Director of the Technical Department and the Director General of the Administrative and Financial Department in the Ministry," the ministry said in a statement. 

She added, "The aim of this project is to impart transparency in the collection processes of all formations of the ministry and to switch to the electronic payment platform that will provide user interfaces that allow the ministry to follow up and monitor bill movements and display all billing details in a technical, online and offline manner and according to the available capabilities of the ministry's billing systems in addition to Electronic automation."
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2 hours ago, Laid Back said:

1- Budget 2021

2- HCL Agreement 

3- End of daily auctions 

4- RV

 

Good Post DT 🤡👍🏼

 

Great list Laid Back, but you forgot one.  

 

5.  Have a big ass party in Hawaii.  Unless you guys are still making visitors quarantine for 2 weeks.  Then we’ll go to Florida.  

 

F71D6C19-4D2C-41CF-B19B-9194D2CB2271.gif.5a6588e7574d26dee9803734b60847c7.gif

 

Some of you will need some help with the boogie board.

 

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6A86DC0F-F34A-4A14-AFB1-59487D291FDF.gif.e65a7ea3ee6eb2bf93d99a8b60e2a0a7.gif

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20 minutes ago, Pitcher said:

Thugs.  Slap me across the face when we get RV’ed


If Women Knew What We Men Were Really Thinking - They Would Never Ever Stop Slapping Us ! :o 

 

image.gif.0742f03d60eedffe58e7dc8c79b12487.gif

 

:D  :D  :D 

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1 hour ago, DinarThug said:

Women Knew What We Men Were Really Thinking - They Would Never Ever Stop Slapping Us


Thats quite an ingenious alarm clock.  With a few modifications he could close his eyes and think he was in a better bed. 

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