The fiscal deficit recorded a record of 58.2 trillion dinars in the draft budget for 2021. Clare: The new payment system is designed to reduce the dependency on cash in the Kingdom International Finance Business Desk The Saudi Central Bank recently announced that the launch of a new electronic instant payments system is scheduled to take place on February 21st. See more of Dinar Recaps on Facebook. Don961:  Article 140 postpones the settlement of constitutional amendments. Iraq's economy shrank by almost 11 per cent last year due to the Covid-19 pandemic and a sharp decline in oil revenues. Us in the Tier 4B Internet Group would receive notification to set our redemption/ exchange appointments sometime during that 72 hour Shotgun Start according to our Military Intel Contact. Oil prices continue to receive support due to optimistic expectations of demand on the one hand, as well as against the backdrop of production prospects after the decisions of the "OPEC +" group, on the other hand. Samson: Iraqi banks undertake overdue reforms . Because of insufficient loans to finance it, the state resorted to cash issuances, and the equivalent rate of the dinar decreased. According to an official letter issued by the ministry, the ministry stipulated that the salaries of the ministry’s center employees and their formations be paid after issuing the updated biometric voter card. Thus, 41.5 trillion dinars in 2021, equivalent to 32.1 trillion dinars, before the reduction. App Page. KTFA. Dinar Recaps is not a registered investment advisor, broker dealer, banker or currency dealer and as such, no information on the Website or Email newsletter should be construed as investment advice. Forming a committee called (the Supreme Committee for Reform) that includes: ５. Whenever prices rise, consumers will suffer, especially those with low and fixed incomes. We conclude from the foregoing that lowering the exchange rate of the dinar necessarily leads to a decline in the citizens' standard of living without affecting the dues of foreigners. There is therefore a clear contradiction between the increase in salaries and the devaluation of the dinar. An economist to NINA: The formation of a committee for economic reform is a good and unprecedented step to implement the provisions of the White Paper. This site is merely for informational-entertainment purposes. KTFA Members "News and Views" Monday afternoon 1-1-8-2021 — Dinar Recaps KTFA: 4Cash: IMO no one is going to put investments in Iraq until the rate change!!! Dinardetectivesofficial. In this regard, Shafaq News Agency obtained an official document issued by the Iraqi Ministry of Transport stipulating the creation of a voter card in exchange for the salaries of its employees. The price of Brent crude rose, according to trading data, above $57 a barrel for the first time since February 24 of last year. It is known that the most important chapter for public expenditures is the salaries of working employees. LINK, Samson: Iraqi ministries require biometric updates to distribute their employees' salaries. .KTFA: DeepWoodz: Another day is passing and I will soon say we are one more day closer to success. Samson: Al-Hakim: Oil prices may reach $ 100 in the coming months 08:42 – 10/02/2021 On Wednesday, former Foreign Minister Muhammad Ali al-Hakim suggested that oil prices would rise to $100 in the coming months, while he wondered about the government’s existence of a clear development plan with agriculture and local industry as the basis. Website. Currency - the Iraqi dinar. Dinar Iraq IQD & Dong Vietnam VND. 4th January, 2021. In other words, the decline is equivalent to 17.8%. Among them are the dues of foreign oil companies operating in Iraq, which amount to about ten billion dollars per year. 2-6-2021, KTFA Members "News and Views" Friday 2-5-2021, KTFA Members "News and Views" Thursday PM 2-4-2021, Join the Recaps Free Email Newsletter List. Don961: Minister of Industry: International companies want to enter the Iraqi market after adjusting the dollar exchange rate Sunday 17 January 2021 - 18:38 Minister of Industry and Minerals, Manhal Az Twig said in a […] Frank26, KTFA, News Dinar Recaps 20 February 10, 2021. 13 Feb. 2021Compiled Sat. Not Now. 4Cash: IMO no one is going to put investments in Iraq until the rate change!!! Samson: Transparency International: Successive governments in Iraq have wasted 300 billion dollars 09:55 – 08/02/2021 According to a report by Transparency International, successive governments in Iraq since the 2003 invasion and up to now have wasted 300 billion dollars, burdening the state with loans to deal with self-financing problems as a result of corruption and mismanagement. Dinar Times. Home » Dinar Guru » KTFA (MilitiaMan, Don961 & DeepWoodz) KTFA (MilitiaMan, Don961 & DeepWoodz) January 17, 2021. in Dinar Guru. Of course, this decline is not limited to the relationship between the dinar and the dollar, but rather includes all other foreign currencies. Representative Mayada Al-Najjar Money and business Economy News _ Baghdad The Parliamentary Economy and Investment Committee confirmed, on Friday, that the vote on the budget law is in the middle of next week. KTFA; KTFA. It is known that the decline in the purchasing power of salaries, the imposition of high taxes, the reduction and then the abolition of the ration card represent the basic items of the International Monetary Fund's program applied in Iraq. ", Clare: The new payment system is designed to reduce the dependency on cash in the Kingdom. In other words, the decline is equivalent to 17.8%. Next post: 2 NEOTECH – Gv. Prime Minister / President 2. ", He pointed to "the possibility of presenting the law for a vote and passing it next week, on Monday or Tuesday. The Council of Ministers decided the following: a. Log In. LINK. Voir plus de contenu de Dinar Recaps sur Facebook. Forming a committee called (the Supreme Committee for Reform) that includes: 1. Protecting the right to peaceful protest, strengthening the authority of security agencies and law enforcement in order … Create New Account. You should seek and rely on the advice of licensed and registered financial, legal and tax advisers of your choice. FRANK26 UPDATE VIDEO 5-7-19. There is no doubt a mechanism in the government sector represented in raising salaries when the prices of consumption of goods and services (allocations for the cost of living) rise. The Central Bank of Iraq announced in a statement Dec. 19 the devaluation of the Iraqi dinar to 1,450 to help reduce the country’s fiscal deficit in the state budget for 2021 from 70 trillion to nearly 30 trillion dinars. Saigon Commercial Bank (SCB) has just announced interest rates of up to 8.21 per cent for six-month online deposits. And the suffering of all citizens, including employees and wage earners in the private sector, professionals, the unemployed and others, suffer more under the influence of additional workers. MilitiaMan: I have been looking out over the articles of late and there is a theme that is being presented collectively that suggests that the recent devaluation is and was a very big mistake and one they are going to fix. This site is merely for informational-entertainment purposes. KTFA Samson » January 11th, 2021 Million Dinars, The Value Of Trading On The Iraq Stock Exchange During Today's Trading 11th January 2021 Iraq Stock Exchange indices continued their decline during the trading session on Monday, and the general index of the Iraq Stock Exchange decreased by 0.24% to reach the level of 485.92 points. Related Pages. Advisor to the Iraqi Prime Minister Mazhar Muhammad Salih said that the legislation of the budget law will reveal the start of implementation of the Chinese agreement. DeepWoodz:  Imo....BOOOOOOM!! January 18, 2021 In KTFA . It is an invaluable resource for Dinarland and others interested in worldwide events. The second is the continuing annual deterioration of the ration card allocations, which moved from 3928 billion dinars in 2008 to 648 billion dinars in 2021, that is, from 3069 million dollars to 446 million dollars. Minister of Finance / Alkesh Sharma February 12, 2021 Iraq’s economy, which shrank by almost 11 per cent last year due to the Covid-19 pandemic and a sharp decline in oil revenues, is projected to return to its pre-pandemic level by 2024, the International Monetary Fund said. However, the value of the dinar fell by 22.6%. ", The article stipulated a mechanism that includes three phases, the first of which is (normalization), which means treating the changes that occurred in the demographics in Kirkuk and the disputed areas in the previous regime and after it, and the second (population census) in those areas, and the last of which (the referendum) to determine what their residents want, before December 31, 2007. Secretary General of the Council of Ministers / member. The size of these salaries moved from 50.5 trillion dinars in 2020 to 41.5 trillion dinars in the year of the 2021 draft budget. Representative Economy: The Vote On The Budget Law In The Middle Of Next Week. Thus, the negative repercussions of the rise in imported commodity prices resulting from the reduction diminish. 01/2021/12 18:41:57. READ SLOWLY The Council of Ministers decided the following: a. 13 Feb. 2021 12:01 am EST by Judy Byington. DinarTube is a vast collection of video and audio conference calls, main stream news videos, etc. It is due to several countries and financial institutions, foremost among which are the International Monetary Fund, the World Bank, the United States and Britain. DeepWoodz: Imo...LADIES AND GENTLEMEN....this is directly related to the WHITE PAPERS. It relates to how the various dealers with the state are affected by the devaluation of the dinar. News & Media Website . KTFA, Vn Dong Dinar Recaps 20 October 7, 2019 "Vietnam News" Posted by Samson Friday PM 9-27-19.KTFA: Vietnam: Samson: Vietnam : Banks raise short-term deposit rates to more than 8%. Dinares Gurus. And a big chunk of their deficits! Connexion. Since the start was imminent Paymasters, attorneys and group leaders were gagged and asked to remain in place at their banking centers around the world. All your favorite Dinar stories in one place. © 2021 Copyright DRT Distribution, LLC All Rights ReservedWe do not endorse, support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications including any rumors or opinions posted or otherwise contained on Dinarrecaps.com or post or email or any related or affiliated website or Twitter account (collectively, the "Website"). Others will say it’s just the way Iraq is. Still others will sim See full Disclaimer. This is the wisdom of devaluing the dinar. September, 24/2019 - 15:34 . The same analysis applies to the installments and interests of foreign debts, which amount to $ 4,730 million this year. KTFA, X22, Santa Surfing and more Tuesday PM 1-5-2021. On Dinar Detectives we post daily dinar updates and dinar recaps from all popular dinar gurus. Call Transcribed by WiserNow Emailed to Recaps, Welcome everybody to The Big Call tonight – it is Thursday February 11th and you’re listening to the Big Call – Thanks for tuning in again – we appreciate you being back with us tonight –, Well let’s talk a little bit about where we are right now – we had a call Tuesday night – we had a little bit of information but not a whole lot – things are getting kind of tight and quiet – lot of people are under gag orders - we were able to glean some information today which was very helpful –, We had heard as of last night actually and earlier today that certain groups that are based out west were looking to be started or getting notified on that this afternoon but did not happen - we were a little sad to hear that but we found that one of our top bank sources is suggesting that certain groups could receive notification as early as tomorrow evening – so we will see how that manifests – looking forward to that coming through. ", Article 140 of the Constitution of the Republic of Iraq defines the disputed areas in Iraq as "those that have been subjected to demographic change and the policy of Arabization at the hands of the dictatorial regime. TLM724 Administrator BondLady’s Corner. The same provision also takes the compensation established for Kuwait and the price of Iraq's electricity and natural gas purchases from Iran. This situation leads to a decline in the standard of living of more than two-thirds of the population who subsist on salaries. However, Russia and Kazakhstan got an opportunity to increase production in February and March, while Saudi Arabia and a number Other participating countries, on the contrary, decided to reduce it. On this basis salaries fell by 36.4%. But after that statement, one has to ask.....What is Iraq waiting on? Bye bye corruption! or. Some will say the budget to be voted on and approved. Saleh added to the Iraqi News Agency (INA) today, Saturday, that project funds in the framework agreement with China are stabilized through the credit facilities provided by the Chinese side to the investment projects contracted, according to the same agreement, in the interest of Iraq, especially when oil revenues are low and Iraq's share in the same Iraqi-Chinese fund. Thus, 41.5 trillion dinars in 2021, equivalent to 32.1 trillion dinars, before the reduction. He confirmed that "the report supposed to be written by the committee chairman and the reporter We haven't seen it yet. Iraqis also notice an increase in the prices of local goods and services. Cutebwoy: Al-Kazemi receives ambassadors of the countries of the Economic Contact Group in support of Iraq. Morning coffins Economic Researcher   LINK, Samson:  Brent crude above $ 57 for the first time since last February. al-Maliki "the head of the State of Law coalition renewed his call to the government not to neglect the rights of peasants and farmers and to delay the payment of their dues." August 2019. {Baghdad: Al Furat News} The Prime Minister, Mustafa Al-Kazemi, received today, Saturday, the ambassadors of the countries of the Economic Contact Group in support of Iraq. Interest. Article 140 of the constitution stands as an obstacle to the completion of the work of the constitutional amendments committee in the House of Representatives, which may delay the settlement of these amendments to the next parliamentary session. Overnight, the dinar lost 22.6% of its value. We do not intend to and are not providing financial, legal, tax, political or any other advice to any reader of the Website. As of four o'clock on Wednesday morning Baghdad time, the price of March futures contracts for North Sea oil mix from Brent rose 0.48% to $ 57.03 a barrel, and February futures contracts for West Texas Intermediate crude rose 0.66%, to $53.56 a barrel. The Council of Ministers voted, during its weekly session, on Tuesday, to consider the long-term biometric voter card as one of the official requirements approved in state departments, and decided to grant employees a period of 60 days to update their biometric data. 28th December, 2020. This came during his meeting with the head of the State of Law coalition, Nouri al-Maliki, today, Wednesday. On this basis salaries fell by 36.4%. Shafaq News Agency correspondent said that the Al-Kifah Stock Exchange registered 136,000 dinars against 100 dollars, after about an hour of stabilizing at 129,500 Iraqi dinars against 100 dollars. The size of these salaries moved from 50.5 trillion dinars in 2020 to 41.5 trillion dinars in the year of the 2021 draft budget. He added that the exchange rate deteriorated after the news that the Iraqi dinar exchange rate had been fixed in the budget at 145 thousand dinars against 100 dollars. By John Patrick Lee, CFA, Associate Product Manager, VanEck. The new payment system is designed to reduce the dependency on cash in the Kingdom. The number of the poor will then increase, and will soon move from a third to half of the population. A reporter / Mawazine News reported that "the exchange rate of the dollar against the dinar recorded an increase in the Kifah Stock Exchange in the capital, Baghdad, as the selling price reached 144,500 dinars for each $ 100 bill, while the purchase price reached 143,500 dinars, for each $ 100 bill." May 8, 2019 In Frank26. The Sedona Connection-Dave Schmidt. In order for the standard of living not to decline, the entire salary should rise by a percentage not less than the rate of the devaluation of the dinar. © 2021 Copyright DRT Distribution, LLC All Rights ReservedWe do not endorse, support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications including any rumors or opinions posted or otherwise contained on Dinarrecaps.com or post or email or any related or affiliated website or Twitter account (collectively, the "Website"). This measure led to the discontent of citizens, who mainly suffer from a severe economic, social, security and health crisis. The Minister of Finance, Ali Allawi, revealed the ministry's intention to take measures to mitigate the repercussions of the decision to raise the dollar exchange rate against the dinar. Judy Note: On Fri. 12 Feb. – the start of the Chinese New Year – Liquidity was initiated for a 72 hour Shotgun Start of the Global Currency Reset that would run through Mon-Tues 15-16 Feb. Reuters. We do not intend to and are not providing financial, legal, tax, political or any other advice to any reder of the Website. MilitiaMan and Don861 Saturday PM "They Have The Green Light" 11-28-2020 — Dinar Recaps KTFA: Don961: Customs: Automating our procedures according to the ASYCUDA system will affect the development of the Iraqi economy Economie| 07:00 - 28/11/2020 Baghdad - Mawazine News The General Customs Authority announced, on Saturday, that the automation of its procedures according to t