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The Problem Of The High Dollar ER.


Luigi1
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Here's an article of Dinarian interests...

Sudani talks about the problem with the high Dollar ER.

Treat as a rumor.  Not verified.  Your opine.

 

 

From Other Sources:   The Sudanese Is Talking About The Problem Of The Dollar.

ARTICLE:  Prime Minister Muhammad Shia’ al-Sudani revealed five priorities for the government program, while referring to directives to review large previous contracts & subject them to financial & legal scrutiny.   Al-Sudani said, during his talk about the most important aspects of the semi-annual report for the implementation of the government program, “The program has received continuous follow-up since the approval session until the last session in which this report was approved On June 20, this work was accomplished without a budget & we worked with the available resources in the ministries & governorates.” According to the powers of the government.
 

He added, “Focus was placed on the five priorities of the government program, represented by confronting unemployment, addressing poverty, combating financial & administrative corruption, providing services, & economic reform,” explaining, “the priority is to speed up the completion of Lagging projects that have been hampered for years, due to mismanagement, lack of allocations, or because of corruption. “.  

 

He pointed out that “the operation of the Karbala refinery with a capacity of 140,000 barrels per day, and it will provide Iraq with up to $3 billion that used to go to import oil derivatives & proceed with the project to expand the Shinafia refinery in Diwaniyah.”   On the reality of the electric current, Al-Sudani said, “311 km of feeders (11, 33 KV) and 923 km of electric transmission lines have been extended, which contributed to bringing the national production of electric power to 26,000 megawatts.” In another matter, Al-Sudani confirmed, “The basket has been distributed food baskets for 5.871 million of those covered by protection, 5 food baskets were distributed, and the sixth is being distributed among them.”  

 

He added, “42,000 displaced families are covered by social protection, and tuition fees are reduced for students covered by social care in public universities for evening studies and private universities.”  

 

He continued, “We directed all ministries to review large previous contracts & subject them to financial & legal scrutiny, and we assured ministers & the minister’s entourage that office managers should not be from partisan & political parties,” adding, “Recovering huge sums of money.” looted money in the case of theft of tax secretariats & this file is subject to daily follow-up by the government.


 

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Militia Man:   Retroactive.

ARTICLE: When they say they have a retroactive budget that means there's contractors out there that are going to still want to get paid all the way back to the 1st of January 2023.   To do that at 1310 you're talking about an astronomical amount of Dinar.

If in fact they adjust the exchange rate...even to $1.00 it's far cheaper to rebuild this country. 

The higher their exchange rate back to that previous era that they've said numerous times in writing...makes it even cheaper to rebuild...

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BGG:    The Value Of The IQD:   

ARTICLE: The position I have come to understand over the last year or so…  The biggest impacts on the value of the Iraqi Dinar would likely be… 1- Them using their own currency (exclusively), they are nearing this point now… 2- Them entering some “Brics type” alliance, as opposed to being so attached to the US...

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