MrDon: WOW...this is great. The folks are told to use the DINAR...not the dollar. This last paragraph says it all..." "...accompanied by monetary policies that preserve the value of the currency vis-à-vis other international currencies." "Vis-a-vis" is defined as "when compared to" . THIS is done on FOREX, where two currencies are paired one as the "base", the other as the "quote". International trading! Period. Awesome! IMO, of course.
Don961: A national campaign to support the Iraqi dinar
Tuesday 15 June 2021 Baghdad: morning
While a group of unions and federations in Iraq announced the launch of a national campaign to support the national currency and the economy and increase the citizen's confidence in the Iraqi dinar, the opinions of specialists came in support of this approach, which was described as important, but they stressed the importance of it being accompanied by a monetary policy that maintains the stability of the exchange rate.
This group said in a joint press statement, "A group of unions and federations announces the launch of a national campaign under the auspices of the Central Bank of Iraq to raise awareness to support the national currency and the Iraqi economy," noting that "this campaign includes the Federation of Chambers of Commerce, the Association of Iraqi Private Banks, the Physicians' Syndicate, the Pharmacists Syndicate and the Engineers Syndicate." and the Dental Association, who represent a large segment of Iraqi society.
The Executive Director of the Association of Iraqi Banks, Ali Tariq Bin, said in an interview with “Al-Sabah”: “The aim of this procedure, which was adopted by several important professional institutions, comes to make transactions carried out in Iraqi dinars, and here we mean that all transactions in the markets are in the national currency, and this enhances confidence among the citizen.” And the currency, and the citizen who needs the dollar has to go to the official outlets to get it at the official price, and thus it is possible to reduce speculation in this aspect.”
The statement also stressed that the campaign "aims to shed light on the importance of dealing with the national currency and increasing the citizen's confidence in it, for the contribution of all sectors to maintaining the exchange rate and keeping inflation at high rates. low".
He pointed out that the campaign "also includes a focus on the fact that the owners of retail and services stores do not force citizens to sell their goods in dollars, but in the national currency "the Iraqi dinar", explaining that "the owners of shops get the dollar from the currency sale window at the official price, and they force the citizens to buy the dollar." From the parallel market leads to a rise in its price, which affects the entire joints of the economy.”
Economic expert Salah al-Shami explained to "Al-Sabah" that "the completion of all transactions in the local markets in the national currency is very important, to be accompanied by monetary policies that preserve the value of the currency vis-à-vis other international currencies." LINK
MilitiaMan: If we look at what they are stressing. It will show they now have a need to be on the same page. It is now about getting off the dollar. Not allowing the Dollar to be used.
They even tell us recently that they need to use the national currency.. The DINAR.
Take note today that the Kurds have a deal that is retro active. That deal is very timely.. Kahdimi wouldn't agree until he was ready for the when, hence the talk of suing yesterday seems to have stimulated things along.. lol ..
That my friends deal is coming out and quickly, imo.. I can't imagine the Kurds being quiet about it anymore.. There is a deal and deals in digital currency can move fast.. imo..
We are in a very good place. ~ MM
MilitiaMan: This is one we all knew was to come and it has. Based on the "Law Suit" we talked about last night on the CC, how quickly it got resolved!! ~ Petra ~ MM ~ BB
Shafaq News/ Kurdistan’s Prime Minister, Masrour Barzani announced, on Tuesday, that an agreement had been reached with Baghdad on the Region's share of the federal budget.
“I spoke with PM Mustafa Al-Kadhimi today as part of our ongoing talks and shared commitment to bring certainty to the Erbil-Baghdad relationship...I thanked him for his leadership, and the federal cabinet for its support for this important milestone. We overcame this difficult, long-standing obstacle together.” Barzani said on Twitter.
Don961: Barzani announces the agreement with Al-Kazemi to send the region’s dues from the budget retroactively
2021.06.15 - 20:58 Baghdad - people
The President of the Kurdistan Regional Government, Masrour Barzani, announced, on
Tuesday, that an agreement had been reached with the federal government, according
to which the dues from the federal budget will be sent back to the region, with a retroactive
effect, starting from January 2021.
Barzani stated in a blog post, seen by "Nass" (June 15, 2021), that "I spoke with Federal Prime Minister
Mustafa Al-Kazemi within the framework of the ongoing negotiations and the commitment to make
the relationship between Erbil and Baghdad clearer."
"I am pleased to announce that an agreement has been reached according to which the dues from the
federal budget will be sent back to the Kurdistan Region, with a retroactive effect, starting from
January 2021," Barzani stressed.
According to the post, Barzani stated that "during our phone call, I thanked him for his leadership,
and I thanked the federal government for its support for this important turning point, through which we
together overcame this difficult and long-standing obstacle." LINK
Samson: A deputy reveals the size of Iraq's debts
14th June, 2021
A member of the Parliamentary Finance Committee revealed the size of Iraq's total internal and external debts.
Abdul Hadi Mohan, a member of the Parliamentary Finance Committee, said that “there are external and internal debts, and other debts in the time of the former regime, and all of them are sovereign binding on the Iraqi government, especially Kuwait,” noting that “debts began to increase since 2014 after the financial crisis that Iraq suffered, after Entering ISIS.
Mohan added, in a statement to one of the local newspapers, that "the total debt exceeded 100 billion dollars," noting that "Iraq pays, according to the country's financial budget, about 14 trillion dinars annually to the borrowing countries."
He added that “the House of Representatives is looking to stop all foreign debts and not to proceed with borrowing, because this situation is decimating the Iraqi economy,” expecting that “the government will not resort to borrowing this period, given that international oil prices have begun to improve and are constantly rising, which may reduce the existing financial deficit.” LINK