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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


MilitiaMan "A Need For a Exchange Rate Change-Quickly" 4-11-2022

rocky
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MilitiaMan "A Need For a Exchange Rate Change-Quickly" 4-11-2022 Empty MilitiaMan "A Need For a Exchange Rate Change-Quickly" 4-11-2022

Post by rocky Tue 12 Apr 2022, 6:40 am

[size=30]MilitiaMan "A Need For a Exchange Rate Change-Quickly" 4-11-2022[/size]
KTFA:
MilitiaMan:  The exchange rate devaluation has been discussed many times. They did it for a reason and say so. The action was / is to be short lived. We can see that there is a need for an exchange rate change and quickly.
The street is being harmed and they are going into protest mode again. The are looking at helping the poor, the devaluation has had a profound effect on them. They are talking about the food law and to improve the ration card. (Which by the way is more support our study has been spot on that work is an has been ongoing all along regardless of holiday.)
There is a parliament in place along with a legal caretaker government to do day to day business. That day to day business includes actions pertaining to budgets. The 2022 budget has been in the news to be sped up and presented in short order, imo.. 

Lets think about the part about the helping of the citizens. They were hurt the most and may benefit largely with a ReInstatement of the IQD. 
As for liquidity for the street. Didn't they spend $10s of millions of dollars in printing new currency in 2018? Yes, they did.  They were not three zero notes, imo. They were NSCNs and likely fils , as noted by the $54 million spent for currency issuance 08/31/2018 per the CBI.
WE also watched the video showing the were destroying 3 zero notes around that time frame. So, with that said, why destroy and then re issue 3 zero notes again. Well, since time has gone by, what is on the street may be worn, soiled, faded, etc... Okay, then do to delays that may need to be addressed in the short term of liquidity issues. Or could it be that they want to use what good currency left of the three zero notes they have on hand to help line the pockets of the poor?
They say they will monitor  the process closely.  Lets say they issue more three zero notes then, once completed, they RI to a previous era. The poor get a serious stimulus package for all the suffering they have had to endure.
The NSCN's (New Small Currency Notes) also under scrutiny, can follow along with the new digital system that we are aware of to be implemented at the borders.. ? We shall see..
imo I have a hard time beleiving that at this stage 3 zero notes are for longevity.. JMTC imo !!! ~ MM
**
Head of the Supreme Judicial Council: The Iraqi constitution authorizes the "emergency government"
2022-04-09 07:51
Shafaq News/ The head of the Supreme Judicial Council, Faeq Zaidan, confirmed on Saturday that the Iraqi constitution permits the declaration of an "emergency government" despite the absence of an explicit text for that, noting that "the caretaker and emergency government" came within the context of the constitutional articles.
MilitiaMan:  To those that doubted the study? :...: lol ~ MM 

Clarification From The Central Bank Regarding The Exchange Of The Dollar And Money Laundering
3rd March, 2022
The Central Bank of Iraq issued a clarification on the dollar exchange rate and money laundering.
And the bank confirmed, in response to a previous parliamentary question, seen by "Earth News", that "the Iraqi judiciary has taken the necessary measures regarding some forged invoices, which date back to previous dates."
He added, "The exchange rate change came to remedy the gap between the real value of the national currency and its nominal value."
It is worth noting that the decision to change the exchange rate is a national strategic decision that is not linked to interim conditions, and that the negative results that may have resulted from it, can be avoided by financial and governmental action to support vulnerable groups and improve the ration card and not retract this important decision.  With respect.  LINK
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Parliamentary Investment: We will monitor the process of pumping currency into the market  LINK  
A legal expert reveals a surprise: The caretaker government can send the budget to Parliament   LINK
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Deepwoodz:  MM said… ”Lets say they issue more three zero notes then, once completed, they RI to a pervious era. The poor get a serious stimulus package for all the suffering they have had to endure.”
What a great thought! Do you really think they care about the citizens that much? To actually line their pockets just prior to changing the rate? Wow…I really hope that is the case. Kadhimi seems to care but…wow. That really would be nice. Thanks MM, I would never have thought of it like that. Kudos  
MilitiaMan:  They say it is for the poor. We may recall that Sadr wants the poor to be taken care of. I don't believe the money is for everyone, it is likely for the poorest which by the way are a large  segment of his voting base. Eid al Fitr is coming up soon and who knows the gesture may very well be timed accordingly. Most people have electronic payment abilities, the poor? Not likely so much. Lets see if the theory has legs to it.. ~ MM
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MilitiaMan:  I like the timing of this one Clare, thank you. International consultants and companies to help get it right with the oil file.. Imagine the timing of it now.. All good. imo ~ MM
Clare:  A Kurdish delegation meets in Baghdad over the oil file after the Federal Court's decision
04/11/2022 01:15   Baghdad
Today, Monday, the Ministry of Oil announced that it will receive the first delegation representing the Kurdistan Regional Government to discuss the oil file, after the decision of the Federal Court. 
A statement by the ministry, received by (Baghdad today): “The first meeting between the Federal Oil Ministry and a high-ranking delegation representing the Kurdistan Regional Government will be held in Baghdad today, Monday, to discuss the executive measures after the Federal Court’s decision.”
The statement added, “The meeting also comes to discuss agreement on new and standard mechanisms for managing the oil industry file in the region, in a manner that achieves the highest benefit and financial returns in the service of the public interest, contributing to strengthening and supporting the national economy and the integration of the national oil industry.
And he continued, “The delegation of the regional government, which arrived in Baghdad, includes a number of officials in the government and the Ministry of Natural Resources, including three personalities with the rank of minister.”
It is noteworthy that the Ministry of Oil has formed specialized committees in this regard to prepare a road map to discuss and circulate all files related to the oil industry in the region.
Intensive specialized meetings and workshops were held with local and international experts, and the National Oil Company assigned specialized consultants to review all contracts concluded between the regional government and international companies.   LINK  

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