IMF Issues Warning Of Inflation In The IQD.

[Luigi1]

Here's an article of Dinarian interests..

Overspending on Budget Law will lead to inflation.

IMF issues warning of inflation in the IQD.

All the more reason why Iraq must RV-RI, now.

Treat as a rumor.  Not verified.  Your opine.

 

 

Tlm724 Administrator Bondlady’s Corner:   IMF Comments On Iraq’s Budget & Re-Warns Of “Inflation” In The Currency.

ARTICLE: Today, Monday, the American “Financial Post” newspaper reported a warning that it said was issued by the IMF to the Iraqi government regarding the Budget Law in its current form after its approval after four continuous days of deliberation & political problems between Baghdad & the Kurdistan region of Iraq.  

 

A newspaper said, according to what it translated, that “the Iraqi government under the administration of the current Prime Minister, Muhammad Shia’a al-Sudani, passed the” largest budget “in the history of Iraq, amounting to 153 billion US dollars,” explaining that “the IMF issued a warning to the Sudanese on the atheist & the 30th of last May about the government’s spending of such large sums, given the current economic conditions.   The newspaper pointed out that the IMF concern is due to fears that large government spending will lead to inflation in the Iraqi currency, the IQD, which in turn leads to a spiral of economic deterioration affecting the future of the country, according to its description.  

 

It is noteworthy that Iraq recorded a decline in inflation rates during the month of April, which reached 1%, with the CBI heading towards buying large quantities of gold to support the local economy.  

 

For his part, the CBI announced that the country has become in the thirtieth place internationally with the quantities of gold reserves stored.

 

[Luigi1]

Here's another article related to the above...HCL will be implemented immediately after the Budget Law is published in the  Gazette...

 

 

TNT  via Tishwash:  Legal: The Implementation Of The Oil Agreement Between The Center & The Region Will Take Place Immediately After The Budget Is Approved.

ARTICLE:  Legal expert, Ali Al-Tamimi confirmed, on Tuesday, the implementation of the oil agreement between Baghdad & the Kurdistan region within the budget items, immediately after the law was published in the Official Gazette, stressing that the Democratic Party will not challenge the amended budget paragraphs.

 

Al-Tamimi said in a statement to Al-Maalouma, that “the implementation of the laws takes place after their approval & from the date of approval after their publication in the Official Gazette & they do not have a retroactive effect unless they are proven by a legal clause.”  

 

He added, “The paragraphs that regulate the relationship between the center & the region, with regard to the oil agreement, will be implemented after the ratification of the law & from the date of its publication in the Official Gazette & they do not have any retroactive effect.”  

 

Al-Tamimi indicated that “all the paragraphs contained in Articles (13, 14 and 15) of the Federal Budget Law are identical to the decision of the Federal Court,” stressing that “the Democratic Party will not submit an appeal to those articles with the Federal Court.”

 

 

[BETTYBOOP]

If and when the inflation comes , it is the CBI's job to manage that. Achange in the rate plus there reserves will / would support it

[Luigi1]

You are correct.

GOI has allocated way too much spending at one time.

It would had been better if they passed just the 2023 Budget Law & waited later to do the 2024 & 2025 Budget Laws.

Massive borrowing & spending leads to hyper-inflation.

We know that to be true...look no further than our own government.

[Luigi1]

Here's another article related to the above...RV any time...

 

 

RVAlready:   Iraq Got A Lot Done.

ARTICLE: They have a modern budget.  They have a POS system.  Their markets are internationally linked. They are less dependent on paper money.  They are ready for new projects.  It took quite a while, but all that is done…Don’t forget, the CBI can release the rate today.

 

[Stabstones]

28 minutes ago, Luigi1 said:

Here's another article related to the above...RV any time...

 

 

RVAlready:   Iraq Got A Lot Done.

ARTICLE: They have a modern budget.  They have a POS system.  Their markets are internationally linked. They are less dependent on paper money.  They are ready for new projects.  It took quite a while, but all that is done…Don’t forget, the CBI can release the rate today.

 

Delete 3 zero coming!!!!

[Blitz]

First we hear 3 years at a certain rate and now this!!! Oh boy. My head is about to explode. 

[Luigi1]

4 minutes ago, Blitz said:

First we hear 3 years at a certain rate and now this!!! Oh boy. My head is about to explode. 

 

We were warned of disinformation right before the event. 

The same thing happened right before the Kuwait Dinar was re-instated.

[BETTYBOOP]

I have just read Mountain Goats news letter. Yeah , I know she is just a guru ... not any different from the rest. I prefer her to Frank or Mark z or Tony. Anyway, she is still hopeful for sometime this week or soon after the budget is ratified.

[Blitz]

1 hour ago, Luigi1 said:

 

We were warned of disinformation right before the event. 

The same thing happened right before the Kuwait Dinar was re-instated.

But it has been said that it can’t be done during this quarter or that quarter. So is that out the door and can definitely happen at anytime? 

[NoviceInvestor]

6 hours ago, Stabstones said:

Delete 3 zero coming!!!!

So is Christmas…🙂

[Fimum]

Inflation. My bank account is in desperate need of inflation.

[Luigi1]

Here's an article related to the above...The stage Is Set...

 

 

Paulette:  The Stage Is Set:

ARTICLE: Finally!  I have waited nearly 14 years to see what just happened…Stage is set.   Bring on the Oil & Gas Law (HCL) NOW!!   The underlying basis is established by the Tripartite Budget.  The arguments & fight should be over…

 

[rvmydinar]

19 hours ago, Stabstones said:

Delete 3 zero coming!!!!

So are halloween and thanksgiving.