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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 Monday Afternoon " Looks Good For Us" 10-3-2022

rocky
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MilitiaMan Monday Afternoon " Looks Good For Us" 10-3-2022 Empty MilitiaMan Monday Afternoon " Looks Good For Us" 10-3-2022

Post by rocky Tue Oct 04, 2022 9:28 am

[size=30]MilitiaMan Monday Afternoon " Looks Good For Us" 10-3-2022[/size]
KTFA:
Samson:  Deputy: Reducing the price of the dollar will be a top priority for the new government
3rd October, 2022
The deputy of the coordination framework, Ali Al-Bandawi, revealed, on Monday, the existence of a study on the possibility of returning the dollar exchange rate to its previous era, stressing that returning the exchange rate to what it was before has become a popular demand.

Al-Bandawi said in a statement to "Al-Maalouma", that "there is a study to return the exchange rate of the dollar, as it has become a popular demand, and that the only affected person is the poor citizen."

He added that "the file of changing the exchange rate will be a top priority for the new government, as it is linked to the state's financial policy," noting that "the people affected by it are a large segment of the Iraqi people and must be returned to its previous price, as it has become a popular demand."

And the representative of the Al-Fateh Alliance, Rafiq Al-Salihi, had revealed earlier, the existence of parliamentary moves to reduce the dollar exchange rate, indicating that Iraq’s revenues increase monthly after the rise in oil prices, which necessitates the government to return the dollar exchange rate to its previous era.  LINK
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MilitiaMan:  When they reduced the IQD to 1460 from 1190, it hurt the poor. That course of doing so has been run and served it's purpose.
 The next stage for the Central Bank is to serve it's purpose in a far more profound way that benefits the poor with purchase power. 
By that, it is to adjust the value of the IQD to an internationally acceptable and tradable currency outside it's borders and on international platforms with an IMF Article VIII compliant currency.
That is what has become a popular demand we are reading about.  Reverting back to 1190 is not reverting back to an era that was internationally acceptable nor Article VIII compliant with the IMF.
Having small category denominations doesn't work with program rates. The CBI didn't print new currency issuances in 2018 to throw them in the trash..  They intend to use them..  imo.. 
The new government is being hammered out as we speak. Painfully slow it is it surely seems, however, there is movement in that regard, see below.
In fact there is an intense focus on the matter. The matter is serious and it is in line with the financial issues that are already in place and ready to go once they announce the direction they are to go politically, I.e., taxes and tariffs at the borders, WTO, BUNA, etc...
It looks as though with all that has been in the news on these matters during their National Day, suggests the future meetings in the coming hours to days are very expectant for results to flow in both directions, political and financial.. Imo ~ This all looks very good for us. ~ MM
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During his meeting with Plasschaert .. Mr. Al-Hakim calls for the formation of a government of national service   LINK
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Al-Kazemi arrives in the capital of Kurdistan 
3rd October, 2022
The Federal Prime Minister, Mustafa Al-Kazemi, arrived today, Monday, at Erbil International Airport, and was received by the Prime Minister of Kurdistan Regional Government. LINK
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Masoud Barzani and Al-Kazemi stress the importance of dialogue to get out of the political blockage
LINK
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The Security Council will discuss developments in Iraq tomorrow
3rd October, 2022
Tomorrow, Tuesday, the UN Security Council will hold a session on the situation in Iraq and the United Nations Assistance Mission for Iraq (UNAMI)  LINK
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Al-Sadr: Freedom from the corrupt is the true national day of Iraq
3rd October, 2022
The leader of the Sadrist movement, Muqtada al-Sadr, said on Monday that liberation from the corrupt is the true national day of Iraq. LINK
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Board of Governors of the Federal Reserve System
Board Meeting
 Closed Board Meeting on October 3, 2022
Government in the Sunshine Meeting Notice
Notice of a Meeting under Expedited Procedures
On Monday, October 3, 2022 at 12:15 p.m., a meeting of the Board of Governors of the Federal Reserve System was held under expedited procedures, as set forth in section 261b.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board’s offices at 20th and C Streets, N.W., Washington, D.C. and by audio/video conference call, to consider the following matters of official Board business.
Meeting Date: Monday, October 3, 2022
https://www.federalreserve.gov/aboutthefed/boardmeetings/20221003closed.htm

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