Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

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


Recommended Posts

LINK

Is there a threat to hard currency reserves? The central bank explains

 

image.jpeg.97d374ce6ca5142382a7dc071739aa3c.jpeg

 

14th February, 2021


The Central Bank of Iraq ruled out, on Sunday, the existence of a threat to hard currency reserves as a result of borrowing, indicating that the oil market recovery maximizes the reserve.

The Director General of the Accounting Department at the Central Bank, Ihssan Shamran, said, according to the official agency, that "the dollar reserve of the Central Bank is not directly affected by the borrowings that the Ministry of Finance makes from banks," noting that "its impact is indirect and limited."

He pointed out, "The Central Bank monitors and ensures the safety of Iraqi dinars that are handed over to traders to buy dollars for fear that their sources are unknown or related to money laundering crimes, after which the dollar is delivered." He explained that "the market now feels a little relaxed after changing the exchange rate, which contributed to reducing the import process and creating competition between Iraqi and foreign goods," noting that "changing the exchange rate will help the national product in marketing its goods after the imported goods have become high in value by about 22%."

He pointed out that "the change in the exchange rate made by the Central Bank in favor of supporting the national product against the importer." He continued that "the recovery of the oil market would maximize the hard currency needs and reduce the deficit in the general budget for 2021, noting that the dollars collected from the oil sales differences will strengthen the foreign operation reserves of the central bank, and this will also reduce the pressure on the bank’s reserves of currency." 

  • Thanks 2
  • Upvote 2
Link to post
Share on other sites
  • Replies 319
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

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 🤡👍🏼    

Posted Images

LINK

Tomorrow .. the launch of the services of the national Internet project in Iraq

 
Tomorrow .. the launch of the services of the national Internet project in Iraq
 
 
02/14/2021 11:52:54
 
 
The services of the National Internet Project will actually be launched in Iraq on Monday.

The project’s media invited the media to attend the press conference at the Babylon Hotel in Baghdad to announce the actual launch of its services.

Specialists say that "the project will help provide stable internet capacities for the Iraqi citizen, as it guarantees the largest network of infrastructure in the Middle East as well as providing thousands of job opportunities, in addition to that Iraq will, through this project - for the first time - pass the Internet capacity for regional countries." 

They indicated that "the national project for the Internet will also provide an infrastructure for the e-government project as well as economic benefits for the country."
  • Thanks 3
  • Upvote 2
Link to post
Share on other sites

LINK

Iraqi exhibitions are studying the possibility of Iraq's participation in Expo 2025
 

26183.jpg

 

14th February, 2021


The Ministry of Trade announced, on Sunday, that the State Company for Fairs and Commercial Services of Iraq is studying the possibility of Iraq's participation in Expo 2025 in Osaka, Japan.

The general manager of the company, Sarmad Taha Saeed, said in a statement, which "Al-Iktissad News" received a copy of, that "according to the directives of the Minister of Trade, Alaa Al-Jubouri, the General Secretariat of the Council of Ministers was approached about the official invitation made by the Japanese government through its embassy in Baghdad to participate in the Expo Osaka 2025, which will be held in Japan. For the period from April 13 to October 13, 2025.

He added, "The Osaka exhibition has been officially registered with the International Bureau of Exhibitions in Paris in accordance with the International Exhibitions Agreement, as the exhibition will focus on the theme of designing the future of society in line with the United Nations sustainable development goals. The exhibition will also include other sub-topics, including saving life, empowering life and linking it."

He pointed out, "Iraq's participation in such global economic demonstrations contributes to opening the doors of investment for its wrestlers in front of major international companies investing to enter the Iraqi market as it is promising markets and ground ready for investment in various fields. It also contributes to the development of the Iraqi economy, the employment of manpower and the elimination of unemployment." 

###########

Iraqi exhibitions are studying the possibility of Iraq's participation in Expo 2025 in Osaka, Japan  LINK

  • Thanks 2
  • Haha 1
  • Upvote 2
Link to post
Share on other sites

LINK

Deputy: The devaluation of the dinar did not achieve economic feasibility and its consequences are serious

 
Deputy: The devaluation of the dinar did not achieve economic feasibility and its consequences are serious
 
 
02/15/2021 09:38:46
 
 
A member of the committee monitoring the implementation of the government program and strategic planning, Enaam Al-Khuzaie, confirmed today, Sunday, that the continued devaluation of the dinar in the financial budget will cause the crushing of the vulnerable classes.

In a statement, Al-Furat News received a copy of it, Al-Khuzai said, "After two months of devaluing the Iraqi dinar for development reasons, as announced by the government, the allegations of revitalizing the national product have not been realized. Rather, price levels have risen for all imported and national goods due to the latter's dependence on mostly imported production inputs." Pointing out that "the amendments to the draft budget law did not include a change in the exchange rate, despite its inclusion in the text of the draft budget." 

She added that "the initiation of the devaluation of the dinar for developmental reasons needs many introductions that Iraq is unable to achieve a small part of it in the short term," noting that "reducing the value of the dinar in a deflationary situation increases the economic situation and threatens to widen the depth of the existing recession and generate inflationary waves that crush low-income classes." Seriously, especially with the weak social protection programs needed to absorb the impact of the exchange rate shock on the vulnerable classes.

Al-Khuzaie explained that "the goal of reducing the exchange rate of the dinar was double, with financial and monetary motives, as the financial motives were represented in the government's desire to maximize oil revenues in dinars to reduce the size of the financial deficit."

She noted that "the monetary motives were the desire of the central bank to reduce its sales of dollars to the market, which is what has been achieved now at the expense of high prices." And she believed that, instead of reducing the value of the dinar, it would have been more effective to reduce current spending and reduce the sources of demand for the dollar to maintain price stability and limit the depletion of the dollar reserve at the central bank instead of reducing the value of the dinar in order to maintain the greed of current spending and sacrifice price stability in Iraq, Expressing its grave concern about the failure of government performance to achieve its set and planned goals.

Al-Khuzai called for "avoiding the negative effects resulting from the devaluation of the dinar by adjusting the exchange rate in the federal budget 2021 and in a way that suits the living standards of the poor and low-income people, calling for an amendment to the exchange rate policy, as was previously done in Article 50 of the 2015 budget when the House of Representatives set dollar sales with a ceiling." $ 75 million with equity in the sale."

 

###########

Deputy warns: devaluation of the dinar expands the economic recession and "crushes" the vulnerable classes    LINK

  • Like 1
  • Thanks 1
  • Upvote 3
Link to post
Share on other sites
On 2/11/2021 at 1:55 PM, DinarThug said:
International Monetary FundInternational Monetary Fund
 
 

IMF Executive Board Concludes 2020 Article IV Consultation with Iraq

 

February 11, 2021

 

 

Washington, DC: 

 

On February 8, 2021 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Iraq.


The COVID-19 pandemic and a sharp decline in oil revenues have exacerbated Iraq’s longstanding economic vulnerabilities. Real GDP contracted by an estimated 11 percent in 2020, reflecting a slowdown in non-oil activity and cutbacks in oil output as a result of OPEC+ decisions. Large fiscal and external current account deficits of 20 and 16 percent of GDP, respectively, constrained the government’s ability to mount an effective fiscal response to the crisis.

 

The authorities have begun to take much-needed steps towards ensuring macroeconomic stability while protecting the vulnerable. To help safeguard foreign exchange reserves and reduce the external imbalance, the Central Bank of Iraq has announced a devaluation of the exchange rate.
 

Alongside, the draft 2021 budget, submitted to Parliament, aims to reduce the fiscal deficit through measures to contain the unsustainable expansion of government wage and pension bills and to raise non-oil revenues, while significantly boosting targeted assistance to shield the most vulnerable.

 

The authorities have also set aside sizable resources in support system" rel="">support of their efforts to minimize the loss of life to COVID-19, including through acquisition and distribution of a vaccine.

 

The economy is expected to gradually recover, and the imbalances to narrow, although the outlook remains challenging. Real GDP is projected to return to its pre-pandemic level by 2024. The fiscal and external current account deficits are projected to decline over the medium term. Government debt is expected to peak in 2023 and decline gradually thereafter.

 

This outlook hinges on strong implementation of reforms and is subject to significant downside risks. Political constraints ahead of the parliamentary elections, renewed bouts of social unrest, or security risks could undermine the reform efforts, putting macroeconomic stability at risk. Furthermore, pandemic‑related risks and oil market uncertainties could further complicate the economic situation.


Executive Board Assessment [2]

 

Executive Directors agreed with the thrust of the staff appraisal. They noted that the COVID 19 pandemic and the sharp decline in oil revenues have further exacerbated Iraq’s existing significant socio-economic fragilities. Directors also noted the authorities’ efforts to strengthen the health policy response, boost social safety nets, and reduce the fiscal and external deficits. Nevertheless, downside risks to the economic outlook remain significant amid a challenging socio-political environment. Directors emphasized that implementing strong policies and structural reforms is essential to ensure macroeconomic stability and achieve sustainable and inclusive growth.

 

Directors emphasized that reducing fiscal imbalances is critical to ensuring fiscal and debt sustainability.
They welcomed the authorities’ planned fiscal reforms in the “White Paper” and encouraged their careful prioritization and swift implementation while minimizing the impact on the vulnerable.

To create room for the much-needed reconstruction and social safety nets, Directors highlighted the importance of strengthening public finances. To this end, they called for a comprehensive civil service reform to contain the public wage bill and recalibration of the pension system to put it on solid financial footing. Priority also needs to be given to increasing non-oil revenues and strengthening public financial management to reduce the fiscal risks stemming from off-budget expenditures and government guarantees.

 

Directors concurred that the recent exchange rate adjustment would help reduce external imbalances and preserve foreign exchange reserves. They underscored that a strong fiscal framework remains critical to ensuring the credibility of the new exchange rate peg as well as minimizing future need for monetary financing of the budget. Directors also saw need for further monetary policy measures by the central bank to contain inflation.

 

Directors stressed that wide-ranging structural reforms are necessary to cement macroeconomic stability and pave the way for higher and more inclusive growth. They underscored that reform efforts should focus on stemming the financial losses in the electricity sector. This requires sustained efforts to strengthen governance and improve collection, as well as gradual adjustment of tariffs to increase cost recovery and reduce arrears. In addition, Directors emphasized the importance of reducing corruption in key public institutions, continued improvement and effective implementation of the AML/CFT framework, restructuring of large state-owned banks to foster financial stability, and developing the private sector.

 

Directors noted the authorities’ interest in emergency financing with the Fund to support system" rel="">support their stabilization and reform efforts with some Directors encouraging a longer-term arrangement to address structural challenges.

 

It is expected that the next Article IV consultation with Iraq will take place on the standard 12-month cycle. 


 

Iraq: Selected Economic and Financial Indicators, 2019–26

 

(Full Numbers Chart In Link)

 

 

https://www.imf.org/en/News/Articles/2021/02/11/pr2137-iraq-imf-executive-board-concludes-2020-article-iv-consultation?cid=em-COM-123-42639 

 

On 2/11/2021 at 3:19 PM, JonnyV said:

 

They underscored that a strong fiscal framework remains critical to ensuring the credibility of the new exchange rate peg as well as minimizing future need for monetary financing of the budget. Directors also saw need for further monetary policy measures by the central bank to contain inflation."

 

 

LINK

The IMF expects the Iraqi economy to recover in 2024

 

26189.jpg

 

15th February, 2021

 

The International Monetary Fund expected, on Monday, that the Iraqi economy will gradually recover, and that imbalances will reduce, even if the prospects remain fraught with challenges

The fund said in a statement followed by "Al-Eqtisad News" that it expected in its Executive Board consultations for Article IV of 2020 with Iraq, held in Washington, that the real GDP would return to the pre-pandemic level by the year 2024, and that the fiscal and current account deficits would decline. In the medium term, government debt is expected to reach its peak in 2023 and then gradually decline

Executive Directors agreed with the general line of the IMF's staff assessment, noting the exacerbation of the existing socio-economic vulnerabilities in Iraq due to the Covid-19 pandemic and the sharp decline in oil revenues. The draft 2021 budget referred to Parliament aims to reduce the fiscal deficit to contain the unsustainable expansion of government wages and pension costs and to increase non-oil revenues, with a significant increase in aid directed to protect the most vulnerable groups

Directors emphasized that reducing public financial imbalances is necessary to ensure the sustainability of public finances and that debt remains within sustainable limits. They welcomed the fiscal reforms that the authorities are planning to undertake, as mentioned in the “white paper”, and urged that care be taken in setting their priorities and speeding up their implementation with the limit. Of its impact on vulnerable groups

They stressed the importance of strengthening public financial resources, comprehensive civil service reform to contain the public sector wage bill, and re-adjusting the pension system to put it on a stable fiscal path. Priority should also be given to increasing non-oil revenues and strengthening public financial management to reduce spending outside the budget allocations

They agreed that adjusting the exchange rate would help reduce external imbalances and preserve foreign exchange reserves. They stressed that a strong fiscal framework is still necessary to ensure the credibility of the new exchange rate against the dollar and reduce the need for monetary financing for the budget in the future

Directors noted the authorities' interest in entering into an emergency financing agreement with the fund to support their efforts for stabilization and reform, while some urged a longer-term arrangement to address structural challenges
 

  • Thanks 1
  • Upvote 1
Link to post
Share on other sites
14 minutes ago, Bama Girl said:

That’s just mean! 😆


It’s Bruce Taunting Weegie With The Latest ‘Chunky Money’ Intel ! :o  

 

OtN.gif

 

:D  :D  :D 

 

Edited by DinarThug
  • Haha 3
Link to post
Share on other sites

LINK

Iraqi government to begin implementation phase of the White Paper for Economic Reform

 

WP-art-workEnglishFront-Cover105-1.png

 

15th February, 2021



The Iraqi government is preparing to begin the implementation phase of its reform programme known as the White Paper for Economic Reform.

This phase will focus on the implementation mechanisms and on the fulfilment of the objectives and the vision outlined by the White Paper.

The implementation phase consists of:

  • Putting in place governance, oversight, monitoring and evaluation mechanisms to ensure that the reform process is administrated and managed effectively under the direction and guidance of strong and competent leadership which will have a direct link to the Prime Minister, with the aim of equipping the implementation team with the necessary authority to carry out the reform programme, providing vigorous oversight of the implementation process, and ensuring coordination between different governmental institutions
  • Translating the vision of the White Paper for Economic Reform into a practical programme for delivering 64 projects and for ensuring their implementation in an integrated and coherent manner by specifying detailed procedures for each project, setting a specific timeline for progress and identifying the state entity which will be responsible for carrying out each project

The Iraqi government adopted the White Paper for Economic Reform prepared by the Crisis Cell for Financial and Fiscal Reform in October 2020.

The White Paper is a comprehensive programme that sets out a clear roadmap to reform the Iraqi economy and address the accumulated, decades-old serious challenges that confront it.

The White Paper identified two overarching strategic objectives. The first is to initiate an immediate reform programme to address the budget deficit to create a fiscal space to give time for the process of implementing the other wider reforms over the medium term.

The second objective is to put the economy and the federal budget on a sustainable path, after which Iraqis can decide and choose the economic direction of the country.

The White Paper anticipates that the short and medium-term objectives and associated reforms will require between 3 to 5 years to implement.

The White Paper for Economic reform enjoys the support of the international community as reflected by the establishment of the Iraq Economic Contact Group (IECG) whose mission is to provide the support needed for the economic reform process in Iraq within the framework of the White Paper. The IECG includes, in addition to Iraq, the G7 group of industrialised countries, the World Bank, the International Monetary Fund, and the European Union. 

 


https://twitter.com/IraqiGovt/status/1361314763255472129

  • Thanks 1
  • Upvote 5
Link to post
Share on other sites
1 hour ago, PrehistoricMan said:

Someone is saying they already changed the exchange rate inside of Iraq.  

 

say what ....

 that would be all over the web in seconds - thousands are watching iraq if a rate change occurs .. cheers 

Edited by 3n1
  • Confused 1
Link to post
Share on other sites
1 hour ago, PrehistoricMan said:

Someone is saying they already changed the exchange rate inside of Iraq.  


So Does This ‘Someone’ Usually Get Posted Here By ‘Somebody’ With A Name Rhyming With ‘Squeegee’...

 

:D  :D  :D 

  • Haha 1
Link to post
Share on other sites
1 hour ago, PrehistoricMan said:

Someone is saying they already changed the exchange rate inside of Iraq.  

It hasn't. I still have a bunch of friends still in Iraq and not one of them have heard of it RVing.  Most of them are invested in this dinar. 

  • Thanks 1
  • Haha 1
  • Upvote 1
Link to post
Share on other sites
29 minutes ago, PrehistoricMan said:

Yes.  It was all over his call tonight.  His name rhymes with Prank.


Hmmm ....  It Sounds Like A Typical Frank Discussion ! :o 

 

image.jpeg.ba6c46992d518b34a32f5f3356a59ab1.jpeg

 

:D  :D  :D  

  • Haha 2
Link to post
Share on other sites
43 minutes ago, Engine1 said:

It hasn't. I still have a bunch of friends still in Iraq and not one of them have heard of it RVing.  Most of them are invested in this dinar. 

there is no way they could keep this a secret...not a hope in hell.

  • Haha 1
  • Upvote 1
Link to post
Share on other sites

In the video, dozens of people demonstrate to demand a reduction in the dollar exchange rate

 

Dozens of earners and office owners demonstrated in a beautiful Alwa in Baghdad to demand a reduction in the dollar exchange rate against the dinar to restore market stability.

The high exchange rate of the dollar against the Iraqi dinar reflected negatively on all market joints, especially those with limited income and importers of agricultural crops in a beautiful aloe who protested on this basis.

The agricultural crops market in Jamila suffers from being dumped by the importer, which has severely affected the local produce and farmers' crops.

Consequently, the wheel of agriculture, industry and trade faces a number of challenges, the most prominent of which is the failure of the concerned authorities to pay attention to activating the private sector and opening the border crossings wide open to foreign countries.

LINK

  • Upvote 2
Link to post
Share on other sites

FYI, This A  Lengthy Article ...

 

 

So Just Scroll To The Noticeably Larger Font Parts If U Want To Quicken The Read! ;) 


 

With a cheap dinar, political amateurs want in the name of economic reform ... lethality to people, the economy and the state ?!
 
 
Sunday 14 February 2021 - 09:30
 
 
a. Dr.. Jawad Kazem Lafta Al Kaabi
University Professor
 
 
The state sometimes resorts to a policy of reducing the value of its national currency against foreign currencies to ensure price competition for its national products in foreign markets, and to limit imports when its national products lose price competition in front of foreign products in domestic markets. This policy will be successful if its conditions are met: the first is the existence of a sufficient surplus of a local product that is exported and does not reduce its supply in the market and thus its high prices (in Iraq there is no such product, let alone talking about the surplus of it), and the second is the presence of a local alternative to the imported product in case of interruption. Its supply or the increase in its prices (in Iraq there is no such alternative, especially since the talk is mainly about food and medicine). If these two conditions or one of them are lost, the policy of devaluation of the national currency will have catastrophic effects, and here are nine of them.
 
Firstly. The "Genius Man!" ... who humiliated, impoverished and killed his people:
 
   In his biography of his minister, Ali Allawi, the Minister of Finance, claims that he is "the fourth man of genius" in the world, and on the basis of this conviction he went to his friend, the Governor of the Central Bank, Mustafa Mechif, carrying a bag of few oil dollars, and in his imagination a plan to save food, medicine and clothing for his people, met with an unconditional response from Girlfriend: 
1. Allawi sells his few petrodollars to frightening many dinars.
2. Scheif prints many paper dinars, in exchange for Allawi's few oil dollars.
3. Allawi pays the salaries of the citizens of his people’s government with terrifying dinars.
4. The citizen rushes with his paper dinars towards the merchant to buy his needs, but he finds them too expensive.
5. Allawi forgot that all the items of the citizen's need are imported, and this fraud exposed him.
6. Allawi's plan fell into the trap of his genius: There is no local product to export with a cheap dinar.
7. The merchant jogs with his paper dinars in a frightening direction to buy dollars to import the citizen's needs.
8. The feared merchant refers to the banks of the power parties to buy the dollar and finds it expensive.
9. The merchant raises the prices of the citizen's imported needs in order to buy the precious dollar.
10. The citizen returned to his home carrying in his pocket the diminishing terms of his humiliation, hunger, impoverishment and killing.
11. A citizen finds his household in a state of need, brokenness, anger, and preparation for what is to come.
12. The citizen and his family considered the situation and that they were a victim, and on the throne of the parties ’banks sits their torturers.
... It is said that people went out wandering on her face to search for the reason for their humiliation and slow killing, and she stumbled upon Allawi, with a frightening company, dressed in a "tango" dance on the circuit ... the power banks!
 
Secondly. She says, "I presume, and I have conviction, and I work in secrecy ... So I am charming and desirable": 
 
   “A statement by the Ministry of Finance stated that it is fully aware that there are a number of supportive measures that must be taken to increase the positive effects of adjusting the exchange rate, but it has not been able to do so publicly due to the sensitivity of the issue” (Voice of Iraq, 1/11/2021). We are trying to translate the language of the statement into the language of reality:
 
1) Positive effects: The ministry wrongly assumes the existence of positive effects of lowering the exchange rate of the dinar, as it undermines its internal and external purchasing power, discourages the export of the local product due to its lack of availability, increases the prices of imported goods, and leads to impoverishment of people!
 
2) Increasing the positive effects: The ministry is convinced that there are potentials to increase the positive effects that are imagined, but it did not indicate its sources, the mechanisms for its use, and who will benefit from it: the citizen or the national economy!
3) Measures supporting the positive effects: The ministry assumes that it has measures to increase the positive effects, but it refuses to announce it and will use it secretly! 
4) Re-reading the statement after translating it: I am confident with high confidence that the ministry’s statement is directed to Parliament on the eve of its discussion of the draft financial budget for its passage, displaying many of its charms hidden from the rays of the sun!
... the lustful and the musty ... always get what you want and want to do!
 
Third. Slackening and forgetting ... a weapon for those who do not have a specialized profession in managing the national economy:
 
   The prominent Iraqi economist, Dr. Sabri Ismail Zayer, the outgoing prime minister, described the resigning government as "smart" in his management of the national economy, and I borrowed from him this description in my analysis of the blatant systematic imbalance in the management of oil industry development in the ministerial curriculum of that government for the years 2018-2022. Likewise, I will call the description of "absentee" to Finance Minister Ali Allawi, in his attempt to justify the reduction in the exchange rate of the dinar. As it serves various economic sectors, where the economic competitiveness has been seriously affected by the exaggeration of the exchange rate depreciation, which has also affected the flow of foreign investments outside the oil sector. "Allawi" assumes that the low exchange rate of the dinar is the cause of the "troubles" of our national economy: 
1) "Economic competitiveness": From the beginning of the eighties until this day of Allawi, external and internal wars, misery and corruption of the administration consumed this ability, and the dinar is not only innocent of this economic crime, but also a victim of it. O "Almtagabi", you have to understand one of the axioms of the economy: when there is no large commodity production (industrial and agricultural) in the country, the competitiveness of its economy will be non-existent! 
2) “The influx of foreign investments”: Foreign investments do not come to a country that has itself expelled its national capital, and there is no certainty of its economic and political future, and it is governed by a group of savvy and unrepentant people, and its flow is not encouraged by lowering the exchange rate of the dinar as long as these reasons exist (and this is a second economic obvious)!
3) The cheap dinar: In conditions of lack of commodity production, and the accompanying widespread unemployment and low wages for work, a cheap dinar will make imported goods very expensive that the majority of our people cannot reach, and vice versa (this is a third economic axiom)!
... I appeal to Parliament and those hoping to win the next elections: Stop al-Muttabbi at his limit, by releasing him from his current non-specialized profession as Minister of Finance!
 
Fourthly. Good news ... Bliss is coming ... with physical derivatives:
 
   The Minister of Industry joined the group of amateurs and aspirants with the blessings of financial engineering derivatives of its owner, the Minister of Finance, and that using them in conjunction with “physical derivatives” (with a Bachelor's degree in Physics) would benefit the development of the national industry, and set his following strategic plan (“Al-Akhbar”, 1/17/2021):

1) "Competition": "The change in the exchange rate of the dollar provided an opportunity for the Iraqi producer to be a real competitor." First, you have to produce this product, and secondly, you have to check whether it can win the competition, and thirdly, you have to decide the external or internal markets in which you will compete, and fourthly, you must read the shepherd’s story and the jar of fat!
2) "Economic feasibility": "There are foreign and regional companies that express their desire to enter and cooperate in the Iraqi market because of this increase in market prices, which leads to a kind of economic feasibility in establishing these factories inside Iraq." First, you confused me with what you want from your use of the derivative of changing the dollar exchange rate: Do you want the economic feasibility of your factories or the factories of the countries of your region? And secondly, if you bring to the factories of the countries of your region will ignite fires in the competition that your national product has gained as a result of your use of this financial derivative, and thirdly you have to read the story of Al-Badawi and Gro Hyenas!     
3) Privatization: The Financial Engineering Derivatives Paper and the 2021 Budget include the use of the derivative to privatize the oil industry and public sector corporations. Tell us, a specialist in the science of physical derivatives, first when will you use this derivative before or after developing your national factories using the derivative of changing the exchange rate of the dollar? And secondly, who are the buyers of oil wealth and these factories? And third, where will the workers in these factories go? Fourth, you should read the story of the privatization of Russian factories in the 1990s (if you wish, I will provide you with them)!
... The Minister of Industry writes in his biography to his minister: "He holds international certificates in the field of strategic planning for companies, risk and crisis management." Oh God, protect Iraq and its people from the derivatives of the strategic plans of the physicist, the shepherd of sheep and his jar of oil, the Bedouin and his hyena, and the Russian and privatize it!
 
Fifth. Extend your feet on the labor of your cover ... Otherwise, he will ****** him and flee with him ... "The fisherman":
 
   (113) deputies demanded, in a document signed by them, to reduce the exchange rate of the dollar to (1300) instead of (1450) dinars, which was adopted in the 2021 budget (“Voice of Iraq,” 1/27/2021). I address the leaders of the parliamentary political blocs, and I invite them to extend their (political ambition) feet to the extent of their current (electoral balance) cover, because the fisherman (the Minister of Finance) has set tight traps for you in which you will fall, and he will flee with his spoils and remain with ... your disappointment you mourn your misfortune. 
   Your voters will be harmed by the trap of devaluation of the dinar (the rise in the prices of imported food and medicine), and there is no national product that can be exported with a cheap dinar to win competition in foreign markets, and I never expect this product to see the light during the budget year or after it in any amount that justifies the devaluation of the national currency. As for the hunter's gains from this trap, ask him about it under the dome of Parliament, although I have never been a voter for you, but as a national scientific researcher, I think that you dropping the hunter in his trap will be a political victory for you, for sound economic logic, and for the interests of your poor voters who are my family:
•When the decision to reduce the value of the dinar without a rational economic justification is harmful to the citizen and does not benefit the national economy, then the decision-maker will be complicit with others to reap illegal gains from this decision! 
•The decision to reduce the value of the dinar will not make the capital assets of public sector companies, which the fisherman intends to privatize, attractive to the foreign investor. Perhaps he wants it cheap in dollars for himself and his internal investor partners, to break it up into scrap and sell it in foreign markets!
•Perhaps neither one nor the other, all in the matter is that the fisherman is a man who lacks economic adulthood ... he does not want for himself anything of the expensive or cheap dinar ... he only wants to tamper with it!  
... in the next elections, if you do not stop now the potential corruption and / or the apparent tampering of the public, it will be difficult for your current constituents at that time to understand, absorb and accept your justification for your defeat in front of one Hunter ... and you (329), or at least the (113) brave Of you ... multiplied by the number of your voters!
 
Sixthly. The misery of knowledge ... that justifies starvation and death of people: 
 
   Economics uses the policy of devaluation of the national currency to adjust the country's trade balance if it is distorted in favor of imports: encouraging exports if there is a surplus of the domestic product, and limiting imports if they have a local alternative, and all this through price competition mechanisms.
   In the decision to reduce the value of the dinar, there is no local product that can be exported, and there is no local alternative to the imported foreign product, and therefore the result of this decision will be starvation and the death of people, either by the increase in the importer's prices or by its interruption, and this importer is mainly food and medicine for people. The Minister of Finance wanted to save his government from financial bankruptcy by starving and killing his people in the name of economics, and in the name of this "murderous science!" Some want to justify the policies of starvation and murder, by standing in the way of legitimate demands (including the demands of a third of the members of Parliament) to abandon this irresponsible policy: 
•Member of the Parliamentary Finance Committee, Jamal Cougar: “It is difficult to restore the exchange rate to its previous state ... and that the financial markets will stabilize after the budget is passed ... and the formal adoption of the new exchange rate will remove concerns and revive the markets.” (Voice of Iraq, 01/28/2021) . 
•Advisor to the Prime Minister Mazhar Saleh: “There are concerns about a jump in the exchange rate of the dollar after approving the budget ... exaggerations that do not exist” (the same source).
•Opinion of an academic economist: “If a retreat from the new dollar price, the dinar will lose confidence on the part of dealers” (social media).
   A young businessman wrote on one of the social media: “We played the Minister Tebb ... We were destroyed by this decision. Personally, I am a self-employed person in the poultry sector. I will not be able to work because of the rise of the dollar. Local alternative. "
... Dr. Bashr, is the result of the surgery? "The operation succeeded ... but the patient is of your life ... proof of the validity of Minister Ali Allawi's theory and his companions who are theorists of the pseudoscience of economics!"
 
Seventh. The story of "Dinars, Constitution and Parliament" ... in the devaluation marathon:
 
1) The dinar: It was an economic flag for our country, and the bird was slaughtered as our people said, and its weight was equal to the weight of (3.6) "an American president!" 
 
As we have seen, until "Sakham" came to Iraq and put his image on it, so that if we wanted to buy a "American president!" One we have to weigh a big bundle of muffs. In the governments of the quota system, we learned a little stature and gained the confidence of the poor, until the enthusiast of the financial engineering ropes came to break his pride and the furrow of his value! 

2) The Constitution: It was civil and the rule was under the law, until al-Sakham came and turned it into an internal system for a single paramilitary party. After the smoldering constitution was gone, the country got a balanced constitution in its diversity, and sovereignty in it belongs to the people and the law, until the "Mukhtar of the Age and its Judge" came to ...
3) The Parliament: It was relatively democratic, and representation in it was restricted to the elites and political families, until al-Sukhum came and turned it into a circus shouting in a ball and originally crying out, "My smack ... In the parliament of the governments of the contested, the contestants occupied their eternal places in it, and only others were allowed to sit under its dome, and the "eggs of the scale" were hatched, and the sword of the mayor of the era and its judge was kept on the necks of its inhabitants to prevent them from ... dressing the dress of our constitution or casting the pole of the economic science of our country! 
 
4) Value: I found myself broke on New Year's Eve 1975 to arrange her dinner, and I remembered keeping one red sheet of 5 dinars when I left Iraq to study. I went with her, anxious to go to the food market with hard foreign currencies in Moscow, to discover that it was highly acceptable and valuable, and arranged a luxurious dinner. I want to ask your question, Fancy Ropes Fan: Have you ever been proud and enjoyed this ... value?
 
Happy thrills of our great poet Maarouf al-Rusafi, and my excuse for my political absurdity with the vocabulary of your poem, it is our tiredness from the futility of the long, distorted running towards the meanings of “science, constitution, and the nation’s assembly” after you:    
"A dinar, a constitution, and the parliament ... all for the correct number is reduced!"
Viii. The consultant recovered the consulting profession ... and entered the line of commercial marketing:
   Instead of occupying the country, the people and himself with preparing for early elections within a few months of the formation of his government, Al-Kazemi dismissed this popular demand steeped in the blood of Iraq's youth, and occupied everyone with a budget that was not acceptable to reason or sound economic logic. This budget faced a storm of scientific and political criticism, and more than a third of the people's representatives demanded to cut its expenditures in half, and in the midst of this heated debate, his economic advisor, the appearance of Muhammad Salih, raises to the people:
•Do not be afraid of the decision to reduce the value of the dinar, as its exchange rate will stabilize after it is officially approved in the budget (“Voice of Iraq,” 1/28/2021). People, Al-Kazemi, are not afraid of the rise or fall of the price of the dinar in the market ... the people impoverished them by this decision and stopped and destroyed their businesses!
•Do not be afraid of the decision to impose taxes on salaries, as it is a temporary measure (Al-Akhbar, 2/2/2021). People, Al-Kazemi, are not afraid of this decision ... People are afraid of the history of the behavior of your finance minister, which is filled with the deliberate and permanent bankruptcy of his private business!
   I have no explanation for the counselor's misleading behavior to people except to say:
•He sold himself to Satan (the ruler) motivated by purely opportunistic or subversive behavior, and his career history testifies to his service to all pre-2003 and post-2003 governments!
•Perhaps the advisor knows that this unreasonable budget will break the back of Al-Kazemi and his government politically, whether through elections or another way ... and he wants his share of it!
... O misery of a preacher issuing a fatwa permitting ... theft, impoverishment, and destruction of the food and business of people ?!
 
IX. Dinars for the poor ...
 
   The decision to reduce the dinar led to the impoverishment of the poor, bankruptcy and the suspension of small and medium businesses, due to the increase in the prices of food, medicine and imported production requirements by more than 30%. This decision faced strong political opposition from (113) deputies, the Virtue Bloc and the Fatah bloc, and the latter threatened not to vote for all of its representatives on the 2021 budget "unless several articles were added to it, including making the dollar exchange rate in the budget (1119) dinars against the dollar." (“The Voice of Iraq,” 10/2/2021).
 
   However, the decision-makers (the prime minister, the minister of finance, and the central bank governor) are still insisting on their unfair decision for the right of the poor citizen and productive business owners in the real economy. The Parliamentary Finance Committee supported the decision-makers, when its member Jamal Cougar (the Kurdistan Islamic Union Party bloc) challenged those who objected to impoverishing people by saying: “The price of the dollar will remain as it is now (1450 dinars) until another budget comes ... because the change Suddenly, it will confuse the market and cause people to worry about the central bank’s decisions ”(ibid.).
   Supporters of reducing the value of the dinar of the poor want to "sew" the dress of the budget with scissors to "cut" the citizen's dress, the economy dress, and the state's dress. Except who does Nasser support the dinar of the poor and the economy ... and wear him a solid robe of wellness?
... the great companion Abu Dhar al-Ghafari said: “I am astonished for the one who does not find food in his day, how he does not go out to people wielding his sword!” Imam of the poor, Ali bin Abi Talib, commenting on the words of his companion Al-Ghafari: “There is no good in us if we do not take it ... and there is no good in you. If you don't hear it! "
 
Dr.. Jawad Al Kaabi
February 14, 2021 
 
Edited by DinarThug
  • Thanks 1
  • Upvote 2
Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.




  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.